iShares Core U.S. REIT

USRT • ARCA

iShares Core U.S. REIT is an exchange-traded fund on ARCA. As of Q3 2025, 351 institutional investors hold shares in this ETF, with total holdings valued at $2.1B. BlackRock, Inc. is the largest holder with a position valued at $259.6M.

Overview

Overview of institutional ownership in USRT as of Q3 2025

All Institutions

Institutions: 351
Value Held: $2.1B
Shares Held: 35.0M
Avg Position: $5.9M
Median Position: $648.4K

Hedge Funds

Hedge Funds: 4
Value Held: $2.6M
Shares Held: 44.4K
Avg Position: $651.3K
Median Position: $629.7K

Biggest Investors

Institutions with the largest positions in USRT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$259.6M 0.00% of portfolio	4.4M shares	Q1 2016 Held for 9y 8m	$5.67T
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	Gunjan Kedia CEO	$167.4M 0.20% of portfolio	2.9M shares	Q1 2019 Held for 6y 8m	$84.3B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$102.7M 0.07% of portfolio	1.7M shares	Q2 2018 Held for 7y 5m	$149.83B
Glenmede Investment Management, LP Long Only Manager	Elizabeth Anne Eldridge President	$98.3M 0.47% of portfolio	1.7M shares	Q2 2025 Held for 5 months	$20.7B
T Trust Co of Tennessee Institution	-	$63.7M 13.43% of portfolio	1.1M shares	Q2 2024 Held for 1y 5m	$474.3M
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$60.3M 0.00% of portfolio	1.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
HPM Partners LLC RIA/Wealth	Kurt Patrick Miscinski President	$51.1M 0.08% of portfolio	870.7K shares	Q1 2022 Held for 3y 8m	$61.7B
J Johns Hopkins University Institution	-	$51.0M 2.84% of portfolio	868.0K shares	Q1 2025 Held for 8 months	$1.8B
Heritage Financial Services, LLC RIA/Wealth	Sammy Amr Azzouz CEO	$45.7M 4.11% of portfolio	778.4K shares	Q4 2021 Held for 3y 11m	$1.1B
R Rakuten Investment Management, Inc. Institution	-	$43.2M 0.16% of portfolio	741.9K shares	Q3 2025 Held for 2 months	$27.5B

Net Capital Flow

Institutional buying and selling activity for USRT in Q3 2025

Traded: +$109.4M
Buyers: 177
Sellers: 135
Total Bought: +$165.6M
Total Sold: −$56.2M
Avg Position: $5.5M

Biggest Buyers

Institution	Net Bought	Current Position
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$21.4M +363.7K shares	$27.4M 467.2K shares
Financial & Tax Architects, LLC RIA/Wealth	+$20.4M +347.5K shares	$20.4M 347.5K shares
B BlackRock, Inc. Institution	+$14.4M +245.3K shares	$259.6M 4.4M shares
S SUMITOMO LIFE INSURANCE CO Institution	+$13.8M +234.3K shares	$16.6M 282.3K shares
R Rakuten Investment Management, Inc. Institution	+$9.5M +163.4K shares	$43.2M 741.9K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$8.6M +145.7K shares	$102.7M 1.7M shares
HighTower Advisors, LLC RIA/Wealth	+$5.5M +93.9K shares	$30.7M 523.1K shares
T Trust Co of Tennessee Institution	+$5.1M +87.4K shares	$63.7M 1.1M shares
Glenmede Investment Management, LP Long Only Manager	+$4.5M +76.5K shares	$98.3M 1.7M shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$4.3M +73.0K shares	$11.5M 195.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
AlphaStar Capital Management, LLC RIA/Wealth	−$5.1M −89.4K shares	Sold Off 0 shares
C CI Private Wealth, LLC RIA/Wealth	−$4.5M −76.8K shares	$34.2M 582.4K shares
R RSM US WEALTH MANAGEMENT LLC RIA/Wealth	−$3.3M −56.6K shares	$26.7M 453.9K shares
TORONTO DOMINION BANK Institution	−$2.8M −50.0K shares	Sold Off 0 shares
CONGRESS ASSET MANAGEMENT CO /MA Long Only Manager	−$2.7M −48.5K shares	Sold Off 0 shares
Pacific Life Fund Advisors LLC Fund of Funds	−$2.7M −46.7K shares	$18.9M 321.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$2.5M −42.6K shares	$478.6K 8.2K shares
MORGAN STANLEY RIA/Wealth	−$2.4M −41.3K shares	$60.3M 1.0M shares
MML INVESTORS SERVICES, LLC RIA/Wealth	−$2.2M −37.8K shares	$2.9M 49.8K shares
E ERn Financial, LLC RIA/Wealth	−$1.9M −32.0K shares	$7.4M 126.5K shares

Entry and Exit Activity

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

New Positions: 12
New Value: $2.3M
Exited Positions: 24
Exited Value: $14.3M

New Positions

Institution	Position Value
IEQ CAPITAL, LLC RIA/Wealth	$478.6K 8.2K shares
D Davy Asset Management Ltd Institution	$340.2K 5.8K shares
Capstone Financial Advisors, Inc. RIA/Wealth	$237.4K 4.0K shares
DIVERSIFY WEALTH MANAGEMENT, LLC RIA/Wealth	$227.2K 3.9K shares
HORAN Wealth, LLC RIA/Wealth	$226.2K 3.9K shares
N NewEdge Wealth, LLC Institution	$226.2K 3.9K shares
Parkwoods Wealth Partners, LLC RIA/Wealth	$224.8K 3.8K shares
I Investment Planning Advisors, Inc. Institution	$203.3K 3.5K shares
Steigerwald, Gordon & Koch Inc. RIA/Wealth	$96.8K 1.6K shares
R Root Financial Partners, LLC RIA/Wealth	$28.8K 491.0 shares

Exited Positions

Institution	Previous Position
AlphaStar Capital Management, LLC RIA/Wealth	$5.1M 89.4K shares
TORONTO DOMINION BANK Institution	$2.8M 50.0K shares
CONGRESS ASSET MANAGEMENT CO /MA Long Only Manager	$2.7M 48.5K shares
Eqis Capital Management, Inc. RIA/Wealth	$1.2M 20.3K shares
Signal Advisors Wealth, LLC RIA/Wealth	$943.2K 16.7K shares
Q Quadrature Capital Ltd Institution	$497.0K 8.8K shares
F Fisher Asset Management, LLC Institution	$362.8K 6.4K shares
ALLSTATE CORP Institution	$248.4K 4.4K shares
D D. E. Shaw & Co., Inc. Institution	$214.5K 3.8K shares
Center for Financial Planning, Inc. RIA/Wealth	$68.7K 1.2K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C CORNERSTONE PARTNERS CAPITAL MANAGEMENT, LLC Fund of Funds	Jane Mathieu President	16.51% $5.7M	97.1K shares	Q4 2020 Held for 4y 11m	$34.5M
S. R. Schill & Associates RIA/Wealth	Leonard Alan Skiena CEO	14.45% $20.6M	350.3K shares	Q2 2019 Held for 6y 5m	$142.4M
T Trust Co of Tennessee Institution	-	13.43% $63.7M	1.1M shares	Q2 2024 Held for 1y 5m	$474.3M
Disciplina Capital Management LLC Fund of Funds	Matthew W Wright President	5.04% $40.3M	686.1K shares	Q1 2025 Held for 8 months	$799.8M
Biltmore Wealth Management, LLC RIA/Wealth	Timothy Alan Carpenter Managing Partner	4.69% $12.3M	209.3K shares	Q4 2019 Held for 5y 11m	$262.0M
Financial & Tax Architects, LLC RIA/Wealth	David Scott Brooks CEO	4.50% $20.4M	347.5K shares	Q3 2023 Held for 2y 2m	$453.1M
Heritage Financial Services, LLC RIA/Wealth	Sammy Amr Azzouz CEO	4.11% $45.7M	778.4K shares	Q4 2021 Held for 3y 11m	$1.1B
MPS Loria Financial Planners, LLC RIA/Wealth	Richard Thomas Loria President	3.85% $14.5M	246.7K shares	Q1 2025 Held for 8 months	$376.3M
J Johns Hopkins University Institution	-	2.84% $51.0M	868.0K shares	Q1 2025 Held for 8 months	$1.8B
DiMeo Schneider & Associates, L.L.C. Pension/Endowment	Sabrina Marie Bailey CEO	2.75% $23.4M	397.9K shares	Q1 2018 Held for 7y 8m	$849.4M

Hedge Fund Spotlight

Discover hedge funds investing in USRT

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in iShares Core U.S. REIT

Market Value: $369.3K
Shares Held: 6.3K
Portfolio Weight: 0.00%
Owned Since: 2024-Q1

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%