iShares Russell 2000 Value

IWN • ARCA

iShares Russell 2000 Value is an exchange-traded fund on ARCA. As of Q3 2025, 948 institutional investors hold shares in this ETF, with total holdings valued at $8.9B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $1.2B.

Overview

Overview of institutional ownership in IWN as of Q3 2025

All Institutions

Institutions: 948
Value Held: $8.9B
Shares Held: 50.3M
Avg Position: $9.4M
Median Position: $601.3K

Hedge Funds

Hedge Funds: 14
Value Held: $98.8M
Shares Held: 558.8K
Avg Position: $7.1M
Median Position: $1.0M

Biggest Investors

Institutions with the largest positions in IWN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.2B 0.09% of portfolio	6.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$828.3M 0.05% of portfolio	4.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
T TIAA TRUST, NATIONAL ASSOCIATION Institution	-	$767.2M 1.86% of portfolio	4.3M shares	Q3 2023 Held for 2y 2m	$41.2B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$379.9M 0.11% of portfolio	2.1M shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
D DAVIDSON D A & CO Institution	-	$215.0M 1.38% of portfolio	1.2M shares	≤ Q2 2013 Held for 12y 5m+	$15.6B
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	Christopher David Wallis CEO	$203.5M 1.85% of portfolio	1.2M shares	Q2 2020 Held for 5y 5m	$11.0B
PNC FINANCIAL SERVICES GROUP, INC. Institution	William S. Demchak CEO	$196.6M 0.12% of portfolio	1.1M shares	≤ Q2 2013 Held for 12y 5m+	$164.83B
L LPL Financial LLC Institution	-	$178.6M 0.05% of portfolio	1.0M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
M&T BANK CORP Institution	René F. Jones CEO	$175.8M 0.60% of portfolio	994.6K shares	≤ Q2 2013 Held for 12y 5m+	$29.5B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$156.7M 0.03% of portfolio	886.3K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B

Net Capital Flow

Institutional buying and selling activity for IWN in Q3 2025

Traded: −$290.5M
Buyers: 343
Sellers: 379
Total Bought: +$582.0M
Total Sold: −$872.5M
Avg Position: $8.9M

Biggest Buyers

Institution	Net Bought	Current Position
T TIAA TRUST, NATIONAL ASSOCIATION Institution	+$295.2M +1.7M shares	$767.2M 4.3M shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$25.1M +141.9K shares	$115.0M 650.1K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$20.1M +113.5K shares	$20.3M 115.0K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$18.5M +104.8K shares	$379.9M 2.1M shares
C Colony Group, LLC Institution	+$13.2M +74.9K shares	$48.2M 272.4K shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	+$12.0M +67.9K shares	$35.5M 200.8K shares
Advisors Preferred, LLC Institution	+$11.2M +63.3K shares	$11.2M 63.3K shares
J JANE STREET GROUP, LLC Institution	+$11.1M +62.8K shares	$11.1M 62.8K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$10.4M +58.7K shares	$35.7M 201.7K shares
SHAPIRO CAPITAL MANAGEMENT CO INC Long Only Manager	+$10.1M +57.3K shares	$23.4M 132.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
J JONES FINANCIAL COMPANIES LLLP Institution	−$344.1M −1.9M shares	$47.7M 270.1K shares
GOLDMAN SACHS GROUP INC Institution	−$86.2M −487.7K shares	$129.2M 730.5K shares
MORGAN STANLEY RIA/Wealth	−$47.6M −269.0K shares	$828.3M 4.7M shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	−$24.6M −139.3K shares	$203.5M 1.2M shares
UBS Group AG Institution	−$23.4M −132.5K shares	$148.4M 839.6K shares
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ Institution	−$23.1M −130.7K shares	$24.5M 138.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$18.8M −106.3K shares	$2.1M 11.7K shares
Calamos Advisors LLC Long Only Manager	−$17.9M −113.2K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$15.7M −88.9K shares	$76.8M 434.3K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$13.4M −75.7K shares	$146.8M 830.1K shares

Entry and Exit Activity

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

New Positions: 29
New Value: $6.5M
Exited Positions: 52
Exited Value: $44.4M

New Positions

Institution	Position Value
Retirement Planning Group RIA/Wealth	$1.5M 8.3K shares
KLINGENSTEIN FIELDS & CO LLC RIA/Wealth	$633.3K 3.6K shares
Granite Harbor Advisors, Inc. RIA/Wealth	$480.0K 2.7K shares
QRG CAPITAL MANAGEMENT, INC. Long Only Manager	$387.9K 2.2K shares
Savvy Advisors, Inc. RIA/Wealth	$324.9K 1.8K shares
N Navigation Wealth Management, Inc. RIA/Wealth	$313.9K 1.8K shares
VisionPoint Advisory Group, LLC RIA/Wealth	$299.2K 1.7K shares
INTEGRITY ALLIANCE, LLC. RIA/Wealth	$286.8K 1.6K shares
Edgemoor Investment Advisors, Inc. RIA/Wealth	$280.2K 1.6K shares
I INSIGNEO ADVISORY SERVICES, LLC RIA/Wealth	$263.1K 1.5K shares

Exited Positions

Institution	Previous Position
Calamos Advisors LLC Long Only Manager	$17.9M 113.2K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$6.9M 43.7K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$3.8M 23.8K shares
Azarias Capital Management, L.P. Hedge Fund•Value	$2.8M 17.9K shares
Q Qube Research & Technologies Ltd Institution	$1.6M 10.4K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$1.3M 8.4K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$1.1M 6.9K shares
M MACQUARIE GROUP LTD Institution	$1.0M 6.4K shares
CONFLUENCE INVESTMENT MANAGEMENT LLC Long Only Manager	$885.8K 5.6K shares
S Strategic Financial Concepts, LLC RIA/Wealth	$801.1K 5.1K shares

Options Activity

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

Call Positions: 6
Call Value: $26.8M
Put Positions: 5
Put Value: $4.5M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$16.2M 914.0 contracts
J JANE STREET GROUP, LLC Institution	$7.5M 422.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.5M 139.0 contracts
GREEN SQUARE CAPITAL MANAGEMENT LLC RIA/Wealth	$474.0K 30.0 contracts
W WOLVERINE TRADING, LLC Institution	$229.5K 13.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.2M 127.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.0M 59.0 contracts
L Lonestar Capital Management LLC Institution	$565.8K 32.0 contracts
J JANE STREET GROUP, LLC Institution	$353.6K 20.0 contracts
W WOLVERINE TRADING, LLC Institution	$247.2K 14.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Pacific Life Fund Advisors LLC Fund of Funds	Howard Tomio Hirakawa President	9.99% $97.4M	550.8K shares	Q4 2023 Held for 1y 11m	$974.8M
E Elite Financial, Inc. RIA/Wealth	Ryan Lee Skinner Owner	8.40% $17.1M	96.6K shares	Q1 2025 Held for 8 months	$203.2M
Powell Investment Advisors, LLC RIA/Wealth	Jesse Aaron Wachs CIO	7.05% $20.2M	114.0K shares	Q4 2019 Held for 5y 11m	$285.9M
L LBJ Family Wealth Advisors, Ltd. Family Office	Faith Creighton Vincent CIO	6.03% $11.0M	62.3K shares	Q4 2014 Held for 10y 11m	$182.7M
L LWM ADVISORS INC Institution	-	5.94% $6.6M	37.4K shares	Q4 2024 Held for 11 months	$111.3M
H Hillcrest Wealth Advisors - NY, LLC RIA/Wealth	Danny Anthony Yu CEO	5.66% $12.6M	71.2K shares	Q4 2018 Held for 6y 11m	$222.4M
Foundation Wealth Management, LLC RIA/Wealth	Daniel Joseph Ladd CIO	4.52% $6.8M	38.3K shares	Q4 2022 Held for 2y 11m	$149.7M
SONATA CAPITAL GROUP INC RIA/Wealth	David Franklin Hill Managing Partner	4.36% $11.1M	62.7K shares	Q4 2014 Held for 10y 11m	$254.2M
SENTINEL WEALTH MANAGEMENT, INC. RIA/Wealth	James Mark Joseph President	4.05% $4.7M	26.4K shares	Q2 2025 Held for 5 months	$115.1M
FSA Wealth Management LLC RIA/Wealth	Simon John Heslop President	3.96% $10.8M	61.1K shares	Q3 2024 Held for 1y 2m	$272.6M

Hedge Fund Spotlight

Discover hedge funds investing in IWN

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 Russell 2000 Value

Market Value: $11.9M
Shares Held: 67.0K
Portfolio Weight: 0.01%
Owned Since: 2015-Q2

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%