iShares MSCI Global Gold Miners

RING • NASDAQ

iShares MSCI Global Gold Miners is an exchange-traded fund on NASDAQ. As of Q3 2025, 192 institutional investors hold shares in this ETF, with total holdings valued at $851.8M. ENVESTNET ASSET MANAGEMENT INC is the largest holder with a position valued at $99.0M.

Overview

Overview of institutional ownership in RING as of Q3 2025

All Institutions

Institutions: 192
Value Held: $851.8M
Shares Held: 13.2M
Avg Position: $4.4M
Median Position: $484.5K

Hedge Funds

Hedge Funds: 3
Value Held: $1.1M
Shares Held: 17.0K
Avg Position: $365.9K
Median Position: $308.9K

Biggest Investors

Institutions with the largest positions in RING 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	$99.0M 0.03% of portfolio	1.5M shares	Q2 2024 Held for 1y 5m	$341.99B
M Municipal Employees' Retirement System of Michigan Institution	-	$88.8M 1.07% of portfolio	1.4M shares	Q4 2020 Held for 4y 11m	$8.3B
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	Toby James Glover CEO	$68.6M 0.05% of portfolio	1.1M shares	Q1 2024 Held for 1y 8m	$125.97B
L LPL Financial LLC Institution	-	$61.2M 0.02% of portfolio	946.3K shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$43.2M 0.00% of portfolio	667.7K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
A Allianz Asset Management AG Institution	-	$35.4M 0.04% of portfolio	547.0K shares	Q1 2023 Held for 2y 8m	$80.9B
Guardian Partners Inc. RIA/Wealth	Thibault Basquin Member	$30.8M 2.59% of portfolio	469.4K shares	Q1 2025 Held for 8 months	$1.2B
HighTower Advisors, LLC RIA/Wealth	Robert David Oros CEO	$28.1M 0.03% of portfolio	434.5K shares	Q2 2018 Held for 7y 5m	$87.7B
MML INVESTORS SERVICES, LLC RIA/Wealth	Vaughn Charles Bowman CEO	$23.4M 0.06% of portfolio	361.4K shares	Q3 2024 Held for 1y 2m	$36.7B
J JANE STREET GROUP, LLC Institution	-	$22.8M 0.03% of portfolio	352.3K shares	Q2 2025 Held for 5 months	$84.1B

Net Capital Flow

Institutional buying and selling activity for RING in Q3 2025

Traded: +$98.9M
Buyers: 111
Sellers: 57
Total Bought: +$138.7M
Total Sold: −$39.8M
Avg Position: $4.2M

Biggest Buyers

Institution	Net Bought	Current Position
Guardian Partners Inc. RIA/Wealth	+$27.7M +423.1K shares	$30.8M 469.4K shares
J JANE STREET GROUP, LLC Institution	+$14.9M +230.5K shares	$22.8M 352.3K shares
Horizon Wealth Management, LLC RIA/Wealth	+$13.7M +211.1K shares	$13.7M 211.1K shares
L LPL Financial LLC Institution	+$7.8M +120.1K shares	$61.2M 946.3K shares
BANK OF MONTREAL /CAN/ Institution	+$7.6M +118.1K shares	$11.0M 170.0K shares
Prospera Financial Services RIA/Wealth	+$7.2M +110.6K shares	$7.2M 110.6K shares
Almanack Investment Partners, LLC. RIA/Wealth	+$7.1M +109.4K shares	$8.4M 130.1K shares
S SeaBridge Investment Advisors LLC RIA/Wealth	+$5.6M +86.0K shares	$5.6M 86.0K shares
MORGAN STANLEY RIA/Wealth	+$5.3M +81.8K shares	$43.2M 667.7K shares
Gimbal Financial RIA/Wealth	+$4.9M +76.2K shares	$4.9M 76.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	−$9.8M −151.9K shares	$68.6M 1.1M shares
A Allianz Asset Management AG Institution	−$7.0M −107.8K shares	$35.4M 547.0K shares
O OLD MISSION CAPITAL LLC Institution	−$4.2M −95.1K shares	Sold Off 0 shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$2.1M −32.9K shares	$99.0M 1.5M shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$1.7M −39.2K shares	Sold Off 0 shares
Cambridge Investment Research Advisors, Inc. RIA/Wealth	−$1.7M −26.4K shares	$5.7M 87.9K shares
MML INVESTORS SERVICES, LLC RIA/Wealth	−$1.7M −25.6K shares	$23.4M 361.4K shares
Empowered Funds, LLC ETF Provider	−$1.4M −22.0K shares	$5.8M 89.3K shares
SYON CAPITAL LLC RIA/Wealth	−$1.3M −19.5K shares	$11.3M 174.6K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	−$969.9K −15.0K shares	$7.5M 116.7K shares

Entry and Exit Activity

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

New Positions: 31
New Value: $41.2M
Exited Positions: 11
Exited Value: $9.2M

New Positions

Institution	Position Value
Horizon Wealth Management, LLC RIA/Wealth	$13.7M 211.1K shares
Prospera Financial Services RIA/Wealth	$7.2M 110.6K shares
S SeaBridge Investment Advisors LLC RIA/Wealth	$5.6M 86.0K shares
Gimbal Financial RIA/Wealth	$4.9M 76.2K shares
U U.S. Capital Wealth Advisors, LLC RIA/Wealth	$2.4M 37.7K shares
RFG Advisory Group, LLC RIA/Wealth	$1.4M 20.9K shares
TRANSATLANTIQUE PRIVATE WEALTH LLC RIA/Wealth	$1.0M 16.0K shares
Pensionmark Financial Group, LLC Pension/Endowment	$653.0K 10.1K shares
Beacon Bridge Wealth Partners, LLC RIA/Wealth	$590.9K 9.1K shares
F Freestone Capital Holdings, LLC RIA/Wealth	$540.3K 8.3K shares

Exited Positions

Institution	Previous Position
O OLD MISSION CAPITAL LLC Institution	$4.2M 95.1K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	$1.7M 39.2K shares
P PRUDENTIAL PLC Institution	$615.1K 14.1K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$590.5K 13.5K shares
Eqis Capital Management, Inc. RIA/Wealth	$588.1K 13.4K shares
S Secure Asset Management, LLC RIA/Wealth	$538.7K 12.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$515.5K 11.8K shares
Concurrent Investment Advisors, LLC RIA/Wealth	$235.8K 5.4K shares
T THOMPSON DAVIS & CO., INC. Institution	$220.1K 5.0K shares
Briaud Financial Planning, Inc RIA/Wealth	$19.2K 438.0 shares

Options Activity

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

Call Positions: 3
Call Value: $2.7M
Put Positions: 1
Put Value: $491.8K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 177.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 175.0 contracts
B Belvedere Trading LLC Institution	$394.7K 61.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$491.8K 76.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Gimbal Financial RIA/Wealth	Douglas Allen Shrieve Member	2.96% $4.9M	76.2K shares	Q3 2025 Held for 2 months	$166.5M
Avid Wealth Partners LLC RIA/Wealth	Eric Ilmari Kala CEO	2.81% $5.5M	85.4K shares	Q1 2025 Held for 8 months	$196.9M
Guardian Partners Inc. RIA/Wealth	Thibault Basquin Member	2.59% $30.8M	469.4K shares	Q1 2025 Held for 8 months	$1.2B
RHS Financial, LLC RIA/Wealth	Risley Hollingsworth Sams Managing Partner	2.26% $4.3M	67.0K shares	Q1 2019 Held for 6y 8m	$191.7M
LifeGoal Wealth Advisors Fund of Funds	James Alan Lenahan CEO	2.22% $2.5M	38.0K shares	Q4 2024 Held for 11 months	$111.0M
Horizon Wealth Management, LLC RIA/Wealth	Ryan Patrick Williamson Managing Partner	2.01% $13.7M	211.1K shares	Q3 2025 Held for 2 months	$678.3M
Keystone Global Partners, LLC RIA/Wealth	James Peyton Carr Managing Partner	1.67% $3.0M	45.9K shares	Q1 2025 Held for 8 months	$177.4M
Comprehensive Wealth Management, LLC RIA/Wealth	Shilo Michelle Lockett President	1.51% $2.1M	32.9K shares	Q1 2022 Held for 3y 8m	$141.0M
Almanack Investment Partners, LLC. RIA/Wealth	Megen Ann Hemdal COO	1.45% $8.4M	130.1K shares	Q4 2023 Held for 1y 11m	$580.5M
W Williams & Novak, LLC Institution	-	1.36% $1.8M	27.4K shares	Q4 2023 Held for 1y 11m	$130.0M

Hedge Fund Spotlight

Discover hedge funds investing in RING

Connective Capital Management, LLC

Hedge Fund • Long/Short

Portfolio ManagerRobert Magnus Romero

Portfolio Value: $108.7M
Positions: 68
Last Reported: Q3 2025

Sector Allocation

Position in iShares MSCI Global Gold Miners

Market Value: $308.9K
Shares Held: 4.8K
Portfolio Weight: 0.28%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$14.6M	13.42%
2 Intuitive Surgical ISRG	Medical - Instruments & Supplies Healthcare	$9.8M	9.02%
3 Broadcom Inc. AVGO	Semiconductors Technology	$7.7M	7.07%