iShares Latin America 40

ILF • ARCA

iShares Latin America 40 is an exchange-traded fund on ARCA. As of Q3 2025, 204 institutional investors hold shares in this ETF, with total holdings valued at $751.5M. MORGAN STANLEY is the largest holder with a position valued at $114.7M.

Overview

Overview of institutional ownership in ILF as of Q3 2025

All Institutions

Institutions: 204
Value Held: $751.5M
Shares Held: 26.0M
Avg Position: $3.7M
Median Position: $679.9K

Hedge Funds

Hedge Funds: 8
Value Held: $12.2M
Shares Held: 421.5K
Avg Position: $1.5M
Median Position: $510.3K

Biggest Investors

Institutions with the largest positions in ILF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$114.7M 0.01% of portfolio	4.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$55.1M 0.12% of portfolio	1.9M shares	Q2 2023 Held for 2y 5m	$46.5B
New Harbor Financial Group, LLC RIA/Wealth	John Christopher Llodra Managing Partner	$28.9M 5.87% of portfolio	1.0M shares	Q2 2025 Held for 5 months	$493.1M
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$24.5M 0.01% of portfolio	846.9K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$22.5M 0.00% of portfolio	777.3K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
E EXCHANGE TRADED CONCEPTS, LLC Institution	James Garrett Stevens CEO	$21.0M 0.20% of portfolio	726.9K shares	Q2 2024 Held for 1y 5m	$10.3B
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	-	$20.7M 0.02% of portfolio	716.1K shares	Q2 2025 Held for 5 months	$110.03B
OSBORNE PARTNERS CAPITAL MANAGEMENT RIA/Wealth	Justin Wellington Mcnichols CIO	$19.7M 1.00% of portfolio	683.0K shares	Q1 2021 Held for 4y 8m	$2.0B
B BlackRock, Inc. Institution	-	$19.4M 0.00% of portfolio	670.8K shares	Q3 2020 Held for 5y 2m	$5.67T
A Advisor Group Holdings, Inc. Institution	-	$18.7M 0.03% of portfolio	650.0K shares	Q1 2020 Held for 5y 8m	$71.0B

Net Capital Flow

Institutional buying and selling activity for ILF in Q3 2025

Traded: +$90.9M
Buyers: 115
Sellers: 73
Total Bought: +$178.0M
Total Sold: −$87.1M
Avg Position: $3.4M

Biggest Buyers

Institution	Net Bought	Current Position
A Advisor Group Holdings, Inc. Institution	+$17.4M +606.5K shares	$18.7M 650.0K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	+$15.8M +545.2K shares	$16.8M 582.1K shares
POTOMAC FUND MANAGEMENT INC /ADV Long Only Manager	+$12.0M +417.0K shares	$12.0M 417.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$10.0M +344.5K shares	$22.5M 777.3K shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	+$9.8M +338.7K shares	$20.7M 716.1K shares
MORGAN STANLEY RIA/Wealth	+$9.6M +333.6K shares	$114.7M 4.0M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$6.5M +224.7K shares	$6.5M 224.7K shares
Krilogy Financial LLC RIA/Wealth	+$6.1M +205.1K shares	$6.1M 205.1K shares
BANK OF NOVA SCOTIA / Institution	+$5.3M +183.1K shares	$9.3M 320.8K shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	+$4.5M +155.3K shares	$6.3M 219.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
F FIL Ltd Institution	−$35.6M −1.2M shares	$11.1M 385.1K shares
Steward Partners Investment Advisory, LLC RIA/Wealth	−$7.3M −253.3K shares	$1.5M 53.1K shares
Stonehearth Capital Management, LLC RIA/Wealth	−$6.4M −243.0K shares	Sold Off 0 shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	−$4.5M −156.9K shares	$55.1M 1.9M shares
PRINCIPAL SECURITIES, INC. RIA/Wealth	−$4.1M −141.6K shares	$579.7K 20.1K shares
E EXCHANGE TRADED CONCEPTS, LLC Institution	−$3.4M −117.9K shares	$21.0M 726.9K shares
Tactive Advisors, LLC RIA/Wealth	−$2.8M −95.8K shares	$837.3K 29.0K shares
CITIGROUP INC Institution	−$2.6M −90.2K shares	$3.5M 121.2K shares
D DRW Securities, LLC Institution	−$2.5M −96.0K shares	Sold Off 0 shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$2.4M −81.8K shares	$9.1M 316.6K shares

Entry and Exit Activity

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

New Positions: 20
New Value: $29.2M
Exited Positions: 16
Exited Value: $16.6M

New Positions

Institution	Position Value
POTOMAC FUND MANAGEMENT INC /ADV Long Only Manager	$12.0M 417.0K shares
C CAPROCK Group, Inc. Fund of Funds	$3.8M 130.0K shares
E Exit Wealth Advisors, LLC. RIA/Wealth	$3.1M 107.2K shares
WESPAC Advisors, LLC RIA/Wealth	$2.1M 71.5K shares
Fortis Capital Advisors, LLC RIA/Wealth	$1.8M 62.4K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$1.2M 40.0K shares
Keystone Wealth Services, LLC RIA/Wealth	$834.7K 28.9K shares
J. Safra Sarasin Holding AG Fund of Funds	$787.1K 27.2K shares
180 WEALTH ADVISORS, LLC RIA/Wealth	$778.1K 26.9K shares
VisionPoint Advisory Group, LLC RIA/Wealth	$741.5K 25.7K shares

Exited Positions

Institution	Previous Position
Stonehearth Capital Management, LLC RIA/Wealth	$6.4M 243.0K shares
D DRW Securities, LLC Institution	$2.5M 96.0K shares
D D. E. Shaw & Co., Inc. Institution	$1.5M 58.7K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.5M 58.3K shares
BCJ Capital Management, LLC RIA/Wealth	$1.3M 50.7K shares
GOLDMAN SACHS GROUP INC Institution	$1.3M 49.7K shares
PRUDENTIAL FINANCIAL INC Institution	$694.6K 26.5K shares
H Hilltop Holdings Inc. Institution	$545.1K 20.8K shares
F FLOW TRADERS U.S. LLC Institution	$285.4K 10.9K shares
H HRT FINANCIAL LLC Institution	$248.0K 9.5K shares

Options Activity

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

Call Positions: 3
Call Value: $546.0K
Put Positions: 1
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$309.1K 107.0 contracts
J JANE STREET GROUP, LLC Institution	$236.9K 82.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
METLIFE INC Institution	Michel A. Khalaf CEO	19.07% $2.1M	73.4K shares	Q3 2018 Held for 7y 2m	$11.1M
CABANA LLC RIA/Wealth	George Chaddwick Mason CEO	10.38% $1.7M	58.7K shares	Q2 2024 Held for 1y 5m	$16.4M
New Harbor Financial Group, LLC RIA/Wealth	John Christopher Llodra Managing Partner	5.87% $28.9M	1.0M shares	Q2 2025 Held for 5 months	$493.1M
Kiker Wealth Management, LLC RIA/Wealth	Lawrence Howard Levy Managing Partner	3.50% $6.9M	239.7K shares	Q4 2024 Held for 11 months	$198.0M
Moneda S.A. Administradora General de Fondos Institution	Jasleen Kaur Bains CCO	2.71% $2.5M	83.3K shares	Q4 2019 Held for 5y 11m	$90.6M
David R. Rahn & Associates Inc. RIA/Wealth	Clara Basile CEO	2.33% $9.4M	325.0K shares	Q2 2025 Held for 5 months	$402.8M
Carrera Capital Advisors RIA/Wealth	Keith Nichol CEO	2.21% $11.7M	403.3K shares	Q2 2024 Held for 1y 5m	$527.5M
E Exit Wealth Advisors, LLC. RIA/Wealth	Justin Farmer CEO	2.07% $3.1M	107.2K shares	Q3 2025 Held for 2 months	$149.9M
Highview Capital Management LLC/DE/ RIA/Wealth	Mark Louis Sansoterra CIO	1.45% $3.9M	136.2K shares	Q2 2025 Held for 5 months	$272.0M
Y Yoffe Investment Management, LLC RIA/Wealth	Jeffrey N Yoffe Member	1.39% $1.1M	37.1K shares	Q4 2024 Held for 11 months	$76.9M