iShares 0-3 Month Treasury Bond

SGOV • ARCA

iShares 0-3 Month Treasury Bond is an exchange-traded fund on ARCA. As of Q3 2025, 973 institutional investors hold shares in this ETF, with total holdings valued at $16.7B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $995.3M.

Overview

Overview of institutional ownership in SGOV as of Q3 2025

All Institutions

Institutions: 973
Value Held: $16.7B
Shares Held: 166.3M
Avg Position: $17.2M
Median Position: $1.9M

Hedge Funds

Hedge Funds: 23
Value Held: $486.2M
Shares Held: 4.8M
Avg Position: $21.1M
Median Position: $4.9M

Biggest Investors

Institutions with the largest positions in SGOV 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	$995.3M 0.07% of portfolio	9.9M shares	Q1 2021 Held for 4y 9m	$1.33T
POTOMAC FUND MANAGEMENT INC /ADV Long Only Manager	Manish Kumar Khatta CEO	$942.0M 40.09% of portfolio	9.4M shares	Q2 2025 Held for 6 months	$2.3B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$830.9M 0.05% of portfolio	8.3M shares	Q1 2021 Held for 4y 9m	$1.65T
L LPL Financial LLC Institution	-	$795.5M 0.23% of portfolio	7.9M shares	Q1 2022 Held for 3y 9m	$340.07B
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$263.9M 0.08% of portfolio	2.6M shares	Q4 2024 Held for 1 year	$310.44B
CONFLUENCE INVESTMENT MANAGEMENT LLC Long Only Manager	Mark Alan Keller CEO	$261.8M 3.76% of portfolio	2.6M shares	Q4 2023 Held for 2 years	$7.0B
GM Advisory Group, Inc. RIA/Wealth	Michael Anthony Lamena CEO	$258.8M 11.00% of portfolio	2.6M shares	Q3 2022 Held for 3y 3m	$2.4B
A Advisor Group Holdings, Inc. Institution	-	$250.9M 0.35% of portfolio	2.5M shares	Q1 2021 Held for 4y 9m	$71.0B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$207.6M 0.01% of portfolio	2.1M shares	Q1 2023 Held for 2y 9m	$1.56T
UBS Group AG Institution	Sergio P. Ermotti CEO	$205.1M 0.04% of portfolio	2.0M shares	Q3 2020 Held for 5y 3m	$511.60B

Net Capital Flow

Institutional buying and selling activity for SGOV in Q3 2025

Traded: +$1.2B
Buyers: 583
Sellers: 388
Total Bought: +$2.8B
Total Sold: −$1.6B
Avg Position: $16.0M

Biggest Buyers

Institution	Net Bought	Current Position
POTOMAC FUND MANAGEMENT INC /ADV Long Only Manager	+$336.7M +3.3M shares	$942.0M 9.4M shares
Aaron Wealth Advisors LLC RIA/Wealth	+$166.1M +1.6M shares	$166.1M 1.6M shares
GM Advisory Group, Inc. RIA/Wealth	+$136.8M +1.4M shares	$258.8M 2.6M shares
Synergy Financial Management, LLC RIA/Wealth	+$127.3M +1.3M shares	$171.6M 1.7M shares
Aristotle Capital Management, LLC Long Only Manager	+$100.3M +996.2K shares	$100.3M 996.2K shares
Gotham Asset Management, LLC Hedge Fund•Long/Short	+$80.9M +803.4K shares	$156.3M 1.6M shares
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Fund of Funds	+$78.8M +782.6K shares	$78.8M 782.6K shares
L LPL Financial LLC Institution	+$70.0M +695.6K shares	$795.5M 7.9M shares
PRUDENTIAL FINANCIAL INC Institution	+$61.6M +612.1K shares	$155.6M 1.5M shares
M Maxi Investments CY Ltd Institution	+$53.9M +535.5K shares	$154.1M 1.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
AMERIPRISE FINANCIAL INC Institution	−$281.5M −2.8M shares	$194.5M 1.9M shares
R ROYAL BANK OF CANADA Institution	−$113.1M −1.1M shares	$137.7M 1.4M shares
JPMORGAN CHASE & CO Institution	−$100.2M −995.0K shares	$207.6M 2.1M shares
Cresset Asset Management, LLC RIA/Wealth	−$88.9M −883.0K shares	$122.5M 1.2M shares
BANK OF AMERICA CORP /DE/ Institution	−$68.2M −677.6K shares	$995.3M 9.9M shares
HPM Partners LLC RIA/Wealth	−$61.7M −612.3K shares	$187.5M 1.9M shares
E Elm Partners Management LLC Institution	−$45.8M −454.9K shares	$81.1M 805.2K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$37.6M −372.9K shares	$14.7M 146.4K shares
Equity Investment Corp Acquisition Inc Long Only Manager	−$37.5M −372.7K shares	$54.7M 543.6K shares
LEE JOHNSON CAPITAL MANAGEMENT, LLC RIA/Wealth	−$29.3M −291.0K shares	$47.2M 468.9K shares

Entry and Exit Activity

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

New Positions: 105
New Value: $490.2M
Exited Positions: 67
Exited Value: $88.4M

New Positions

Institution	Position Value
Aaron Wealth Advisors LLC RIA/Wealth	$166.1M 1.6M shares
Aristotle Capital Management, LLC Long Only Manager	$100.3M 996.2K shares
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Fund of Funds	$78.8M 782.6K shares
K KENNICOTT CAPITAL MANAGEMENT LLC RIA/Wealth	$18.3M 181.5K shares
MONARCH CAPITAL MANAGEMENT INC/ RIA/Wealth	$13.3M 131.7K shares
Mendota Financial Group, LLC RIA/Wealth	$10.6M 104.9K shares
Alpine Investment Management, LLC Long Only Manager	$9.7M 96.0K shares
P PACIFIC CAPITAL WEALTH ADVISORS, INC RIA/Wealth	$8.8M 87.4K shares
F First Washington CORP RIA/Wealth	$6.0M 59.7K shares
HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy	$5.6M 55.9K shares

Exited Positions

Institution	Previous Position
Turim 21 Investimentos Ltda. RIA/Wealth	$14.8M 147.3K shares
Deane Retirement Strategies, Inc. RIA/Wealth	$14.5M 143.7K shares
Strategic Equity Management RIA/Wealth	$8.0M 79.0K shares
Teca Partners, LP Hedge Fund•Long/Short	$7.7M 76.0K shares
SRS Capital Advisors, Inc. RIA/Wealth	$3.8M 37.7K shares
Q QUATTRO FINANCIAL ADVISORS LLC Fund of Funds	$3.5M 34.3K shares
Toroso Investments, LLC ETF Provider	$2.9M 29.4K shares
5th Street Advisors, LLC RIA/Wealth	$2.7M 26.5K shares
M MONEYWISE, INC. Institution	$2.5M 25.3K shares
Promus Capital, LLC RIA/Wealth	$2.5M 24.8K shares

Options Activity

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

Call Positions: 4
Call Value: $11.1M
Put Positions: 2
Put Value: $986.9K

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$9.5M 948.0 contracts
W WOLVERINE TRADING, LLC Institution	$674.7K 67.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$543.8K 54.0 contracts
B Belvedere Trading LLC Institution	$312.2K 31.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$654.6K 65.0 contracts
W WOLVERINE TRADING, LLC Institution	$332.3K 33.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Alpha Wealth Funds, LLC Hedge Fund•Long/Short	Chase Richard Thomas Owner	70.17% $85.8M	851.8K shares	Q4 2024 Held for 1 year	$122.2M
D Dynamic Financial Group RIA/Wealth	Darren Paul Yoder Managing Partner	53.42% $61.5M	611.1K shares	Q4 2024 Held for 1 year	$115.2M
POTOMAC FUND MANAGEMENT INC /ADV Long Only Manager	Manish Kumar Khatta CEO	40.09% $942.0M	9.4M shares	Q2 2025 Held for 6 months	$2.3B
R RD Finance Ltd Institution	-	37.78% $33.7M	335.0K shares	Q2 2025 Held for 6 months	$89.3M
Avos Capital Management, LLC Hedge Fund•Sector	Joshua David Blanchfield CIO	30.72% $65.8M	653.6K shares	Q4 2024 Held for 1 year	$214.2M
Ridgepath Capital Management LLC RIA/Wealth	Samuel Nathan Pressley Managing Partner	27.83% $65.2M	647.6K shares	Q1 2024 Held for 1y 9m	$234.3M
Selective Wealth Management RIA/Wealth	Christopher James Devlin CEO	23.86% $74.1M	737.9K shares	Q2 2023 Held for 2y 6m	$310.6M
WS Portfolio Advisory, LLC Long Only Manager	Warwick Dean Simons Managing Partner	21.73% $400.5K	4.0K shares	Q1 2025 Held for 9 months	$1.8M
PEAVINE CAPITAL MANAGEMENT, LLC Long Only Manager	Kenneth Bruce Lambert Managing Partner	19.77% $95.8M	951.0K shares	Q2 2025 Held for 6 months	$484.3M
Sollinda Capital Management LLC RIA/Wealth	Ryan Anthony Mumy CEO	18.72% $68.3M	678.2K shares	Q4 2023 Held for 2 years	$364.9M

Hedge Fund Spotlight

Discover hedge funds investing in SGOV

Clayton Partners LLC

Hedge Fund • Long/Short

Portfolio ManagerAlex Gates

Portfolio Value: $131.9M
Positions: 36
Last Reported: Q3 2025

Sector Allocation

Position in iShares 0-3 Month Treasury Bond

Market Value: $4.9M
Shares Held: 48.8K
Portfolio Weight: 3.73%
Owned Since: 2022-Q4

Top Holding	Sector	Market Value	Weight
1 Bristow Group VTOL	Oil & Gas Equipment & Services Energy	$12.1M	9.21%
2 TransAlta TAC	Independent Power Producers Utilities	$9.5M	7.19%
3 Sonida Senior Living SNDA	Medical - Care Facilities Healthcare	$8.7M	6.57%