iShares Russell 2000 Growth

IWO • ARCA

iShares Russell 2000 Growth is an exchange-traded fund on ARCA. As of Q3 2025, 981 institutional investors hold shares in this ETF, with total holdings valued at $9.6B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $1.2B.

Overview

Overview of institutional ownership in IWO as of Q3 2025

All Institutions

Institutions: 981
Value Held: $9.6B
Shares Held: 30.1M
Avg Position: $9.8M
Median Position: $555.9K

Hedge Funds

Hedge Funds: 19
Value Held: $223.0M
Shares Held: 696.7K
Avg Position: $11.7M
Median Position: $1.7M

Biggest Investors

Institutions with the largest positions in IWO 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	3.8M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$798.8M 0.05% of portfolio	2.5M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
BABSON CAPITAL MANAGEMENT LLC Insurance Manager	Michael David Freno CEO	$519.6M 10.17% of portfolio	1.6M shares	Q4 2017 Held for 8 years	$5.1B
T TIAA TRUST, NATIONAL ASSOCIATION Institution	-	$438.7M 1.06% of portfolio	1.4M shares	Q3 2023 Held for 2y 3m	$41.2B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$341.8M 0.10% of portfolio	1.1M shares	≤ Q2 2013 Held for 12y 6m+	$342.01B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$312.2M 0.02% of portfolio	975.6K shares	≤ Q2 2013 Held for 12y 6m+	$1.56T
Cassaday & Co Wealth Management LLC RIA/Wealth	Stephan Quinn Cassaday President	$291.6M 6.72% of portfolio	911.1K shares	Q4 2022 Held for 3 years	$4.3B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$233.7M 0.05% of portfolio	730.1K shares	Q2 2014 Held for 11y 6m	$488.52B
PNC FINANCIAL SERVICES GROUP, INC. Institution	William S. Demchak CEO	$198.9M 0.12% of portfolio	621.5K shares	≤ Q2 2013 Held for 12y 6m+	$164.84B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$183.2M 0.03% of portfolio	572.3K shares	≤ Q2 2013 Held for 12y 6m+	$691.37B

Net Capital Flow

Institutional buying and selling activity for IWO in Q3 2025

Traded: −$97.5M
Buyers: 369
Sellers: 351
Total Bought: +$430.6M
Total Sold: −$528.1M
Avg Position: $9.4M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$132.1M +412.7K shares	$312.2M 975.6K shares
BARCLAYS PLC Institution	+$32.9M +102.9K shares	$45.2M 141.3K shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	+$30.7M +95.8K shares	$82.7M 258.5K shares
STEPHENS GROUP ASSET MANAGEMENT, LLC RIA/Wealth	+$13.1M +41.0K shares	$24.0M 74.8K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	+$12.8M +40.0K shares	$38.7M 121.0K shares
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	+$11.8M +37.0K shares	$22.7M 70.8K shares
A AXIOM INTERNATIONAL INVESTORS LLC /DE Long Only Manager	+$11.4M +35.5K shares	$17.3M 54.1K shares
GOLDMAN SACHS GROUP INC Institution	+$9.1M +28.3K shares	$183.2M 572.3K shares
L LPL Financial LLC Institution	+$8.7M +27.2K shares	$176.9M 552.7K shares
Pacific Life Fund Advisors LLC Fund of Funds	+$8.2M +25.5K shares	$34.3M 107.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
FMR LLC Institution	−$82.2M −256.7K shares	$92.2M 288.2K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	−$62.2M −217.7K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$57.2M −178.9K shares	$1.2B 3.8M shares
MORGAN STANLEY RIA/Wealth	−$49.7M −155.2K shares	$798.8M 2.5M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$45.3M −141.6K shares	$14.4M 45.1K shares
BABSON CAPITAL MANAGEMENT LLC Insurance Manager	−$14.9M −46.5K shares	$519.6M 1.6M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$14.8M −46.4K shares	$14.4M 45.0K shares
Jain Global LLC Hedge Fund•Multi-Strategy	−$12.7M −44.5K shares	Sold Off 0 shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$11.5M −36.0K shares	$1.7M 5.4K shares
TimesSquare Capital Management, LLC Long Only Manager	−$10.8M −33.9K shares	$16.4M 51.1K shares

Entry and Exit Activity

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

New Positions: 46
New Value: $15.0M
Exited Positions: 47
Exited Value: $96.8M

New Positions

Institution	Position Value
ASHFORD CAPITAL MANAGEMENT INC Hedge Fund•Growth	$2.8M 8.8K shares
T Transcendent Capital Group LLC RIA/Wealth	$1.8M 5.7K shares
Fortitude Family Office, LLC Family Office	$1.1M 3.4K shares
B & T Capital Management DBA Alpha Capital Management RIA/Wealth	$1.0M 3.2K shares
PFG Private Wealth Management, LLC RIA/Wealth	$719.5K 2.2K shares
Trilogy Capital Inc. RIA/Wealth	$661.2K 2.1K shares
E Elm Partners Management LLC Institution	$556.2K 1.7K shares
Granite Harbor Advisors, Inc. RIA/Wealth	$482.3K 1.5K shares
R Rede Wealth, LLC RIA/Wealth	$444.2K 1.4K shares
V Vise Technologies, Inc. Institution	$427.3K 1.3K shares

Exited Positions

Institution	Previous Position
M MANUFACTURERES LIFE INSURANCE CO Institution	$62.2M 217.7K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$12.7M 44.5K shares
C COMMON FUND FOR NONPROFIT ORGANIZATIONS Institution	$5.1M 17.8K shares
A AdvisorShares Investments LLC Institution	$2.1M 7.4K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$1.8M 6.4K shares
SRS Capital Advisors, Inc. RIA/Wealth	$1.4M 2.3K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$1.2M 4.4K shares
Clear Creek Financial Management, LLC RIA/Wealth	$1.1M 3.9K shares
True North Advisors, LLC RIA/Wealth	$1.0M 3.7K shares
Allspring Global Investments Holdings, LLC Long Only Manager	$951.3K 3.3K shares

Options Activity

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

Call Positions: 4
Call Value: $17.0M
Put Positions: 4
Put Value: $8.2M

Call Positions

Institution	Position Value
Bronte Capital Management Pty Ltd. Hedge Fund•Long/Short	$6.0M 187.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.9M 152.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.7M 115.0 contracts
J JANE STREET GROUP, LLC Institution	$2.5M 78.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.8M 120.0 contracts
J JANE STREET GROUP, LLC Institution	$2.5M 77.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.9M 58.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
VAUGHAN AND COMPANY SECURITIES, INC. RIA/Wealth	James Daniel Vaughan President	12.42% $23.4M	73.1K shares	Q4 2019 Held for 6 years	$188.2M
BABSON CAPITAL MANAGEMENT LLC Insurance Manager	Michael David Freno CEO	10.17% $519.6M	1.6M shares	Q4 2017 Held for 8 years	$5.1B
Powell Investment Advisors, LLC RIA/Wealth	Jesse Aaron Wachs CIO	6.79% $19.4M	60.6K shares	Q4 2019 Held for 6 years	$285.9M
Cassaday & Co Wealth Management LLC RIA/Wealth	Stephan Quinn Cassaday President	6.72% $291.6M	911.1K shares	Q4 2022 Held for 3 years	$4.3B
L LWM ADVISORS INC Institution	-	6.39% $7.1M	22.2K shares	Q4 2024 Held for 1 year	$111.3M
DROMS STRAUSS ADVISORS INC /MO/ /ADV RIA/Wealth	Anthony Ziad Gennaoui President	6.37% $21.5M	67.2K shares	Q4 2024 Held for 1 year	$337.8M
T Thoma Capital Management LLC Institution	-	6.24% $10.9M	33.9K shares	Q3 2025 Held for 3 months	$174.1M
S Sequent Asset Management, LLC Institution	-	6.10% $8.2M	25.6K shares	≤ Q2 2013 Held for 12y 6m+	$134.4M
H Hillcrest Wealth Advisors - NY, LLC RIA/Wealth	Danny Anthony Yu CEO	5.47% $12.2M	38.0K shares	Q4 2018 Held for 7 years	$222.4M
Erickson Financial Group, LLC RIA/Wealth	Kerry Duane Erickson Managing Partner	5.31% $8.5M	26.4K shares	Q4 2021 Held for 4 years	$159.2M

Hedge Fund Spotlight

Discover hedge funds investing in IWO

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerJohn Mihn Soo Liew

Portfolio Value: $156.17B
Positions: 3,454
Last Reported: Q3 2025

Sector Allocation

Position in iShares Russell 2000 Growth

Market Value: $3.9M
Shares Held: 12.2K
Portfolio Weight: 0.00%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%