iShares MSCI India Small-Cap ETF

SMIN • BATS

iShares MSCI India Small-Cap ETF is an exchange-traded fund on BATS. As of Q3 2025, 121 institutional investors hold shares in this ETF, with total holdings valued at $496.1M. ALLIANCEBERNSTEIN L.P. is the largest holder with a position valued at $73.3M.

Overview

Overview of institutional ownership in SMIN as of Q3 2025

All Institutions

Institutions: 121
Value Held: $496.1M
Shares Held: 6.9M
Avg Position: $4.1M
Median Position: $517.5K

Hedge Funds

Hedge Funds: 4
Value Held: $12.1M
Shares Held: 160.3K
Avg Position: $3.0M
Median Position: $2.8M

Biggest Investors

Institutions with the largest positions in SMIN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$73.3M 0.02% of portfolio	1.0M shares	Q1 2024 Held for 1y 8m	$317.45B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$63.9M 0.01% of portfolio	891.2K shares	Q4 2023 Held for 1y 11m	$691.34B
FRANKLIN RESOURCES INC Institution	Gregory E. Johnson CEO	$35.9M 0.01% of portfolio	500.4K shares	Q1 2024 Held for 1y 8m	$395.36B
Hillsdale Investment Management Inc. Long Only Manager	Albert Christopher Guthrie CEO	$35.7M 1.07% of portfolio	497.1K shares	Q2 2024 Held for 1y 5m	$3.3B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$30.0M 0.00% of portfolio	418.6K shares	Q4 2014 Held for 10y 11m	$1.65T
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	Sarah Hotchkis Ketterer CEO	$26.4M 0.35% of portfolio	367.5K shares	Q3 2021 Held for 4y 2m	$7.6B
J JANE STREET GROUP, LLC Institution	-	$21.3M 0.03% of portfolio	297.1K shares	Q4 2023 Held for 1y 11m	$84.1B
M Man Group plc Institution	-	$18.9M 0.04% of portfolio	263.5K shares	Q3 2025 Held for 2 months	$50.8B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$14.7M 0.00% of portfolio	204.8K shares	Q1 2015 Held for 10y 8m	$1.33T
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$14.5M 0.01% of portfolio	202.3K shares	Q1 2023 Held for 2y 8m	$149.83B

Net Capital Flow

Institutional buying and selling activity for SMIN in Q3 2025

Traded: +$9.9M
Buyers: 47
Sellers: 80
Total Bought: +$107.0M
Total Sold: −$97.1M
Avg Position: $3.3M

Biggest Buyers

Institution	Net Bought	Current Position
M Man Group plc Institution	+$18.9M +263.5K shares	$18.9M 263.5K shares
J JANE STREET GROUP, LLC Institution	+$18.6M +259.4K shares	$21.3M 297.1K shares
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	+$16.5M +230.5K shares	$26.4M 367.5K shares
B BlackRock, Inc. Institution	+$12.5M +174.8K shares	$12.5M 174.8K shares
Hillsdale Investment Management Inc. Long Only Manager	+$10.5M +147.0K shares	$35.7M 497.1K shares
EAM Investors, LLC Long Only Manager	+$8.3M +115.8K shares	$8.3M 115.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$5.5M +76.1K shares	$5.5M 76.1K shares
S Standard Life Aberdeen plc Institution	+$4.8M +66.7K shares	$6.2M 87.1K shares
Summit Financial, LLC RIA/Wealth	+$2.7M +37.2K shares	$2.7M 37.2K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.1M +29.2K shares	$2.1M 29.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
BANK OF AMERICA CORP /DE/ Institution	−$15.9M −222.0K shares	$14.7M 204.8K shares
Nipun Capital, L.P. Hedge Fund•Sector	−$9.8M −113.9K shares	$3.4M 40.0K shares
MORGAN STANLEY RIA/Wealth	−$9.3M −129.7K shares	$30.0M 418.6K shares
S State of New Jersey Common Pension Fund D Institution	−$7.7M −107.2K shares	$9.8M 136.5K shares
UBS Group AG Institution	−$5.8M −81.0K shares	$7.8M 109.0K shares
FRANKLIN RESOURCES INC Institution	−$4.9M −68.2K shares	$35.9M 500.4K shares
ARDSLEY ADVISORY PARTNERS Hedge Fund•Long/Short	−$4.6M −60.0K shares	Sold Off 0 shares
L LPL Financial LLC Institution	−$4.2M −58.3K shares	$9.2M 128.2K shares
HighTower Advisors, LLC RIA/Wealth	−$3.1M −43.4K shares	$1.0M 14.4K shares
C Concord Asset Management, LLC/VA RIA/Wealth	−$3.0M −38.6K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 5
New Value: $24.8M
Exited Positions: 28
Exited Value: $17.8M

New Positions

Institution	Position Value
M Man Group plc Institution	$18.9M 263.5K shares
Summit Financial, LLC RIA/Wealth	$2.7M 37.2K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.1M 29.2K shares
G GTS SECURITIES LLC Institution	$1.2M 16.1K shares
A Abich Financial Wealth Management LLC RIA/Wealth	$1.8K 25.0 shares

Exited Positions

Institution	Previous Position
ARDSLEY ADVISORY PARTNERS Hedge Fund•Long/Short	$4.6M 60.0K shares
C Concord Asset Management, LLC/VA RIA/Wealth	$3.0M 38.6K shares
P Patriot Financial Group Insurance Agency, LLC Institution	$2.6M 33.4K shares
WASATCH ADVISORS INC Long Only Manager	$2.3M 29.9K shares
Banco BTG Pactual S.A. Private Equity	$1.6M 20.5K shares
Beaumont Capital Management, LLC Long Only Manager	$1.2M 15.9K shares
Pathstone Holdings, LLC Family Office	$812.9K 10.5K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	$396.2K 5.1K shares
Elm3 Financial Group, LLC RIA/Wealth	$288.8K 3.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$266.3K 3.5K shares

Options Activity

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

Call Positions: 3
Call Value: $810.4K
Put Positions: 1
Put Value: $423.1K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$430.3K 60.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$380.1K 53.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$423.1K 59.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Mainsail Financial Group, LLC RIA/Wealth	Brandon Lee Steele CEO	2.84% $6.6M	91.9K shares	Q4 2022 Held for 2y 11m	$232.5M
L Leibman Financial Services, Inc. Institution	-	2.54% $3.3M	46.6K shares	Q4 2023 Held for 1y 11m	$131.7M
Nipun Capital, L.P. Hedge Fund•Sector	Kenneth Chor-Lam Hui Partner	2.17% $3.4M	40.0K shares	Q4 2023 Held for 1y 11m	$158.3M
Crumly & Associates Inc. RIA/Wealth	Scott Michael Norris CEO	1.59% $7.2M	100.9K shares	Q4 2023 Held for 1y 11m	$455.6M
6 626 Financial, LLC RIA/Wealth	Thomas William Anderton Managing Partner	1.13% $2.6M	35.6K shares	Q4 2021 Held for 3y 11m	$226.8M
Hillsdale Investment Management Inc. Long Only Manager	Albert Christopher Guthrie CEO	1.07% $35.7M	497.1K shares	Q2 2024 Held for 1y 5m	$3.3B
Randolph Co Inc RIA/Wealth	Carter Fitz Randolph President	0.97% $10.0M	139.4K shares	Q1 2023 Held for 2y 8m	$1.0B
L Lingohr & Partner Asset Management GmbH Institution	-	0.96% $839.1K	11.7K shares	Q4 2024 Held for 11 months	$87.0M
EAM Investors, LLC Long Only Manager	Derek John Gaertner CEO	0.95% $8.3M	115.8K shares	Q3 2025 Held for 2 months	$873.4M
Highland Financial Advisors, LLC RIA/Wealth	Reed Charles Fraasa Managing Partner	0.81% $2.8M	39.2K shares	Q4 2023 Held for 1y 11m	$348.8M