iShares U.S. Aerospace & Defense

ITA • BATS

iShares U.S. Aerospace & Defense is an exchange-traded fund on BATS. As of Q3 2025, 861 institutional investors hold shares in this ETF, with total holdings valued at $6.9B. ENVESTNET ASSET MANAGEMENT INC is the largest holder with a position valued at $1.0B.

Overview

Overview of institutional ownership in ITA as of Q3 2025

All Institutions

Institutions: 861
Value Held: $6.9B
Shares Held: 32.9M
Avg Position: $8.0M
Median Position: $734.4K

Hedge Funds

Hedge Funds: 15
Value Held: $23.4M
Shares Held: 111.8K
Avg Position: $1.6M
Median Position: $576.1K

Biggest Investors

Institutions with the largest positions in ITA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$1.0B 0.29% of portfolio	4.8M shares	Q3 2015 Held for 10y 2m	$341.99B
L LPL Financial LLC Institution	-	$591.7M 0.17% of portfolio	2.8M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$590.6M 0.04% of portfolio	2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$577.2M 0.04% of portfolio	2.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$234.9M 0.05% of portfolio	1.1M shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
B BNP PARIBAS ARBITRAGE, SA Institution	-	$191.0M 0.15% of portfolio	912.5K shares	Q2 2020 Held for 5y 5m	$126.06B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$183.7M 0.04% of portfolio	878.0K shares	Q2 2015 Held for 10y 5m	$433.11B
UBS Group AG Institution	Sergio P. Ermotti CEO	$152.4M 0.03% of portfolio	728.1K shares	Q4 2014 Held for 10y 11m	$511.54B
MML INVESTORS SERVICES, LLC RIA/Wealth	Vaughn Charles Bowman CEO	$136.1M 0.37% of portfolio	650.2K shares	Q2 2017 Held for 8y 5m	$36.7B
Cetera Investment Advisers RIA/Wealth	Joseph Daniel Neary CEO	$125.9M 0.15% of portfolio	601.8K shares	Q1 2017 Held for 8y 8m	$85.4B

Net Capital Flow

Institutional buying and selling activity for ITA in Q3 2025

Traded: +$2.8B
Buyers: 527
Sellers: 219
Total Bought: +$3.0B
Total Sold: −$213.5M
Avg Position: $7.6M

Biggest Buyers

Institution	Net Bought	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$943.9M +4.5M shares	$1.0B 4.8M shares
L LPL Financial LLC Institution	+$279.6M +1.3M shares	$591.7M 2.8M shares
MORGAN STANLEY RIA/Wealth	+$205.9M +984.1K shares	$590.6M 2.8M shares
PARK AVENUE SECURITIES LLC RIA/Wealth	+$96.7M +462.0K shares	$101.1M 483.3K shares
B BlackRock, Inc. Institution	+$95.5M +456.3K shares	$95.5M 456.3K shares
CWM, LLC RIA/Wealth	+$85.7M +409.6K shares	$91.5M 437.5K shares
Envestnet Portfolio Solutions, Inc. Long Only Manager	+$83.3M +397.9K shares	$84.2M 402.3K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	+$78.3M +374.4K shares	$136.1M 650.2K shares
Cetera Investment Advisers RIA/Wealth	+$72.8M +347.9K shares	$125.9M 601.8K shares
JPMORGAN CHASE & CO Institution	+$69.3M +331.0K shares	$103.6M 495.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
BANK OF AMERICA CORP /DE/ Institution	−$50.9M −243.4K shares	$577.2M 2.8M shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$34.1M −180.9K shares	Sold Off 0 shares
BARCLAYS PLC Institution	−$15.1M −72.2K shares	$2.9M 14.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$13.4M −71.2K shares	Sold Off 0 shares
D D. E. Shaw & Co., Inc. Institution	−$11.7M −62.2K shares	Sold Off 0 shares
K KADENSA CAPITAL Ltd Institution	−$10.7M −56.7K shares	Sold Off 0 shares
Accurate Wealth Management, LLC RIA/Wealth	−$7.2M −38.0K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$7.0M −33.5K shares	$62.7M 299.5K shares
J JANE STREET GROUP, LLC Institution	−$6.4M −30.7K shares	$4.9M 23.5K shares
BANK OF NOVA SCOTIA / Institution	−$5.5M −26.1K shares	$6.7M 32.0K shares

Entry and Exit Activity

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

New Positions: 116
New Value: $165.2M
Exited Positions: 42
Exited Value: $87.4M

New Positions

Institution	Position Value
J JB Capital LLC Institution	$33.1M 158.2K shares
Q Quadrature Capital Ltd Institution	$22.8M 108.8K shares
Steel Peak Wealth Management LLC RIA/Wealth	$7.0M 33.5K shares
S Stonegate Management LLC Institution	$5.9M 28.0K shares
M MIRAE ASSET SECURITIES INC. Institution	$5.2M 25.1K shares
Lineweaver Wealth Advisors, LLC RIA/Wealth	$5.2M 24.7K shares
High Falls Advisors, Inc RIA/Wealth	$4.4M 21.0K shares
PAX Financial Group, LLC RIA/Wealth	$4.3M 20.5K shares
Guerra Advisors Inc RIA/Wealth	$3.7M 17.6K shares
C C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors RIA/Wealth	$3.4M 16.4K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$34.1M 180.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$13.4M 71.2K shares
D D. E. Shaw & Co., Inc. Institution	$11.7M 62.2K shares
K KADENSA CAPITAL Ltd Institution	$10.7M 56.7K shares
Accurate Wealth Management, LLC RIA/Wealth	$7.2M 38.0K shares
Advisor Resource Council RIA/Wealth	$1.2M 6.6K shares
Aster Capital Management Ltd RIA/Wealth	$1.2M 6.5K shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.1M 6.0K shares
Ballast, Inc. RIA/Wealth	$1.1M 5.8K shares
Empowered Funds, LLC ETF Provider	$758.3K 4.0K shares

Options Activity

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

Call Positions: 10
Call Value: $134.8M
Put Positions: 12
Put Value: $109.6M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$36.9M 1.8K contracts
J JANE STREET GROUP, LLC Institution	$31.2M 1.5K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$30.5M 1.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$15.8M 757.0 contracts
C Cubist Systematic Strategies, LLC Institution	$9.7M 465.0 contracts
W WOLVERINE TRADING, LLC Institution	$4.3M 210.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.5M 166.0 contracts
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$1.5M 74.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$899.8K 43.0 contracts
B Belvedere Trading LLC Institution	$334.8K 16.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$53.2M 2.5K contracts
C Cubist Systematic Strategies, LLC Institution	$19.3M 922.0 contracts
J JANE STREET GROUP, LLC Institution	$11.2M 536.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$7.7M 368.0 contracts
M MIRAE ASSET SECURITIES INC. Institution	$5.2M 250.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$5.2M 248.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.3M 162.0 contracts
Walleye Trading LLC RIA/Wealth	$2.6M 123.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$920.7K 44.0 contracts
BFI Infinity Ltd. RIA/Wealth	$624.3K 29.9 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S SURIENCE PRIVATE WEALTH LLC RIA/Wealth	Armand Alexander Doucette President	12.78% $13.5M	64.5K shares	Q2 2025 Held for 5 months	$105.6M
Chicago Wealth Management, Inc. RIA/Wealth	Jeffrey George Cribbs Managing Partner	6.84% $15.7M	75.0K shares	Q4 2022 Held for 2y 11m	$229.5M
C Cadent Capital Advisors, LLC RIA/Wealth	Philip Andrew Mooberry Managing Partner	5.55% $20.9M	100.0K shares	Q1 2023 Held for 2y 8m	$377.4M
McElhenny Sheffield Capital Management, LLC Long Only Manager	Bruce Mcelhenny Fraser Managing Partner	5.40% $22.8M	109.0K shares	Q3 2025 Held for 2 months	$422.0M
A ARRIEN INVESTMENTS, INC. RIA/Wealth	Alex Ray Hansen CCO	5.30% $9.1M	43.3K shares	Q1 2023 Held for 2y 8m	$171.0M
MinichMacGregor Wealth Management, LLC RIA/Wealth	Martin James Briesach Managing Partner	4.29% $22.0M	105.2K shares	Q4 2022 Held for 2y 11m	$512.7M
LITTLEJOHN FINANCIAL SERVICES, INC. RIA/Wealth	Fred David Littlejohn CCO	4.05% $5.5M	26.5K shares	Q4 2024 Held for 11 months	$137.2M
S Stonegate Management LLC Institution	-	3.88% $5.9M	28.0K shares	Q3 2025 Held for 2 months	$151.0M
PARAGON FINANCIAL PARTNERS, INC. RIA/Wealth	Evan Floyd Shorten President	3.74% $5.9M	28.3K shares	Q4 2021 Held for 3y 11m	$158.4M
FOCUS Wealth Advisors, LLC RIA/Wealth	Mark Andrew Frugoni Managing Partner	3.61% $7.5M	35.9K shares	Q2 2023 Held for 2y 5m	$208.1M