iShares Morningstar Growth

ILCG • ARCA

iShares Morningstar Growth is an exchange-traded fund on ARCA. As of Q3 2025, 317 institutional investors hold shares in this ETF, with total holdings valued at $1.8B. Equitable Holdings, Inc. is the largest holder with a position valued at $243.8M.

Overview

Overview of institutional ownership in ILCG as of Q3 2025

All Institutions

Institutions: 317
Value Held: $1.8B
Shares Held: 17.3M
Avg Position: $5.7M
Median Position: $789.3K

Hedge Funds

Hedge Funds: 3
Value Held: $7.8M
Shares Held: 75.1K
Avg Position: $2.6M
Median Position: $1.4M

Biggest Investors

Institutions with the largest positions in ILCG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Equitable Holdings, Inc. Institution	Robin M. Raju CEO	$243.8M 1.80% of portfolio	2.3M shares	Q4 2019 Held for 5y 11m	$13.6B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$143.2M 0.01% of portfolio	1.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
L LPL Financial LLC Institution	-	$135.0M 0.04% of portfolio	1.3M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$70.6M 0.01% of portfolio	677.0K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
Financial Advisory Service, Inc. RIA/Wealth	John T Meier President	$62.6M 4.25% of portfolio	599.8K shares	Q1 2020 Held for 5y 8m	$1.5B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$53.6M 0.00% of portfolio	514.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$51.6M 0.06% of portfolio	494.5K shares	Q1 2018 Held for 7y 8m	$85.4B
A Atlantic Trust, LLC Institution	-	$50.8M 8.68% of portfolio	487.2K shares	Q3 2022 Held for 3y 2m	$585.3M
B&D White Capital Company, LLC RIA/Wealth	Brandon Edward White President	$50.7M 6.49% of portfolio	486.0K shares	Q2 2025 Held for 5 months	$780.7M
McKinley Carter Wealth Services, Inc. RIA/Wealth	David Holman Mckinley CEO	$46.4M 2.44% of portfolio	444.4K shares	Q1 2025 Held for 8 months	$1.9B

Net Capital Flow

Institutional buying and selling activity for ILCG in Q3 2025

Traded: +$148.3M
Buyers: 140
Sellers: 111
Total Bought: +$217.7M
Total Sold: −$69.3M
Avg Position: $5.4M

Biggest Buyers

Institution	Net Bought	Current Position
A AdvisorShares Investments LLC Institution	+$41.9M +401.8K shares	$41.9M 401.8K shares
Cetera Investment Advisers RIA/Wealth	+$40.0M +383.6K shares	$51.6M 494.5K shares
A Advisor Group Holdings, Inc. Institution	+$17.9M +174.5K shares	$28.9M 281.8K shares
B&D White Capital Company, LLC RIA/Wealth	+$14.3M +137.3K shares	$50.7M 486.0K shares
Private Advisor Group, LLC RIA/Wealth	+$9.4M +90.0K shares	$11.9M 113.8K shares
JPMORGAN CHASE & CO Institution	+$7.2M +69.3K shares	$39.3M 376.5K shares
UBS Group AG Institution	+$6.7M +64.1K shares	$38.2M 366.7K shares
Trinity Wealth Management, LLC RIA/Wealth	+$6.6M +63.7K shares	$6.6M 63.7K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$5.5M +52.7K shares	$37.2M 356.9K shares
Arcadia Wealth Management, LLC RIA/Wealth	+$5.0M +47.5K shares	$5.0M 47.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
Equitable Holdings, Inc. Institution	−$9.9M −94.8K shares	$243.8M 2.3M shares
MORGAN STANLEY RIA/Wealth	−$8.2M −78.4K shares	$143.2M 1.4M shares
L LPL Financial LLC Institution	−$5.2M −50.0K shares	$135.0M 1.3M shares
W WIN ADVISORS, INC RIA/Wealth	−$4.3M −43.9K shares	Sold Off 0 shares
AE Wealth Management LLC RIA/Wealth	−$4.1M −38.8K shares	$2.4M 22.6K shares
Wharton Business Group, LLC RIA/Wealth	−$3.8M −36.3K shares	$771.8K 7.4K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$3.2M −30.9K shares	$6.1M 58.7K shares
Hershey Financial Advisers, LLC RIA/Wealth	−$2.7M −26.0K shares	$1.2M 11.0K shares
MONEY CONCEPTS CAPITAL CORP RIA/Wealth	−$2.6M −25.3K shares	$5.1M 49.1K shares
ABSOLUTE CAPITAL MANAGEMENT, LLC RIA/Wealth	−$2.1M −20.0K shares	$1.6M 15.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ILCG in Q3 2025

New Positions: 26
New Value: $20.0M
Exited Positions: 15
Exited Value: $10.4M

New Positions

Institution	Position Value
Arcadia Wealth Management, LLC RIA/Wealth	$5.0M 47.5K shares
S STEINBERGANNA WEALTH MANAGEMENT RIA/Wealth	$3.4M 32.2K shares
Del-Sette Capital Management, LLC RIA/Wealth	$2.0M 19.6K shares
N Neuberger Berman Group LLC Institution	$1.6M 15.6K shares
Prosperity Consulting Group, LLC RIA/Wealth	$1.6M 15.0K shares
Summit Financial, LLC RIA/Wealth	$956.0K 9.2K shares
Nvest Financial, LLC RIA/Wealth	$846.4K 8.1K shares
Drake & Associates, LLC RIA/Wealth	$650.9K 6.2K shares
P PATTEN & PATTEN INC/TN Institution	$649.0K 6.2K shares
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors RIA/Wealth	$536.0K 5.1K shares

Exited Positions

Institution	Previous Position
W WIN ADVISORS, INC RIA/Wealth	$4.3M 43.9K shares
E Elevation Capital Advisory, LLC RIA/Wealth	$1.8M 18.7K shares
P Patriot Financial Group Insurance Agency, LLC Institution	$810.6K 8.4K shares
Ethos Financial Group, LLC RIA/Wealth	$794.9K 8.2K shares
THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. Private Equity	$775.2K 8.0K shares
Marshall Wace LLP Institution	$739.5K 7.6K shares
O OLD MISSION CAPITAL LLC Institution	$429.1K 4.4K shares
P PERSONAL CFO SOLUTIONS, LLC RIA/Wealth	$400.7K 4.1K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$251.9K 2.6K shares
S Skopos Labs, Inc. RIA/Wealth	$54.7K 565.0 shares

Options Activity

Institutions with the largest Call and Put options positions in ILCG as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with ILCG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A Atlantic Trust, LLC Institution	-	8.68% $50.8M	487.2K shares	Q3 2022 Held for 3y 2m	$585.3M
A AdvisorShares Investments LLC Institution	Noah Hamman CEO	6.96% $41.9M	401.8K shares	Q3 2025 Held for 2 months	$602.4M
B&D White Capital Company, LLC RIA/Wealth	Brandon Edward White President	6.49% $50.7M	486.0K shares	Q2 2025 Held for 5 months	$780.7M
Ipsen Advisor Group LLC RIA/Wealth	Loren Marshall Ipsen CEO	5.09% $7.1M	67.8K shares	Q4 2024 Held for 11 months	$139.0M
Goodman Advisory Group, LLC RIA/Wealth	Deborah Nicole Goodman President	4.97% $19.3M	185.4K shares	Q2 2025 Held for 5 months	$388.8M
L LongView Wealth Management RIA/Wealth	Keith Norman Tufte CCO	4.39% $16.1M	154.3K shares	Q4 2023 Held for 1y 11m	$366.6M
Financial Advisory Service, Inc. RIA/Wealth	John T Meier President	4.25% $62.6M	599.8K shares	Q1 2020 Held for 5y 8m	$1.5B
KILEY JUERGENS WEALTH MANAGEMENT, LLC RIA/Wealth	Martin Edwin Juergens CEO	3.39% $15.3M	147.0K shares	Q4 2017 Held for 7y 11m	$452.9M
Dentgroup LLC RIA/Wealth	Fred Columbus Dent Managing Partner	3.37% $5.2M	49.9K shares	Q4 2021 Held for 3y 11m	$154.7M
A AMERICAN FINANCIAL & TAX STRATEGIES INC RIA/Wealth	Robert James Braglia President	2.61% $5.2M	50.1K shares	Q4 2023 Held for 1y 11m	$200.0M

Hedge Fund Spotlight

Discover hedge funds investing in ILCG

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in iShares Morningstar Growth

Market Value: $1.4M
Shares Held: 13.1K
Portfolio Weight: 0.00%
Owned Since: 2018-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%