| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| FMR LLC | 4.6% | $1,048,843,567 | 11,671,974 | FMR LLC | 31 Dec 2024 |
As of 30 Sep 2025, 1,287 institutional investors reported holding 179,349,409 shares of iShares MSCI USA Min Vol Factor ETF - COMMON STOCK (USMV). This represents 71% of the company’s total 253,738,561 outstanding shares.
The largest institutional shareholders of iShares MSCI USA Min Vol Factor ETF - COMMON STOCK (USMV) together control 46% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| MORGAN STANLEY | 5.8% | 14,770,970 | +18% | 0.09% | $1,405,310,259 |
| BANK OF AMERICA CORP /DE/ | 5.4% | 13,794,595 | +0.72% | 0.1% | $1,312,417,775 |
| RAYMOND JAMES FINANCIAL INC | 5.3% | 13,521,148 | +1.5% | 0.41% | $1,286,401,966 |
| FMR LLC | 4% | 10,191,385 | -3.7% | 0.05% | $969,608,433 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 2.7% | 6,831,899 | +2.3% | 0.98% | $650,670,120 |
| LPL Financial LLC | 2.6% | 6,547,026 | +3.7% | 0.18% | $622,883,974 |
| PNC Financial Services Group, Inc. | 2% | 5,119,584 | -6.2% | 0.3% | $487,077,241 |
| BlackRock, Inc. | 1.9% | 4,713,785 | +3.6% | 0.01% | $448,469,504 |
| ENVESTNET ASSET MANAGEMENT INC | 1.5% | 3,762,161 | -20% | 0.1% | $357,931,952 |
| Millburn Ridgefield LLC /DE/ | 1.5% | 3,752,960 | +5.4% | 8.5% | $357,056,614 |
| Catalyst Capital Advisors LLC | 1.5% | 3,752,960 | +5.4% | 7.2% | $357,056,614 |
| UBS Group AG | 1.4% | 3,545,978 | +2.3% | 0.07% | $337,364,347 |
| WELLS FARGO & COMPANY/MN | 1.4% | 3,473,696 | -5.1% | 0.07% | $330,487,422 |
| JPMORGAN CHASE & CO | 1.3% | 3,344,287 | -2.5% | 0.02% | $318,175,631 |
| TWO SIGMA INVESTMENTS, LP | 1.1% | 2,733,400 | +26% | 0.4% | $260,055,676 |
| AMERIPRISE FINANCIAL INC | 1% | 2,591,072 | -10% | 0.06% | $247,131,090 |
| Cetera Investment Advisers | 0.82% | 2,071,039 | -3.3% | 0.23% | $197,038,683 |
| COMMONWEALTH EQUITY SERVICES, LLC | 0.8% | 2,036,321 | -7.5% | 0.25% | $193,736,000 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 0.71% | 1,797,261 | -5.6% | 0.11% | $170,991,438 |
| ROYAL BANK OF CANADA | 0.64% | 1,624,366 | +6.9% | 0.03% | $154,543,000 |
| ASSETMARK, INC | 0.64% | 1,623,864 | -7% | 0.33% | $154,494,429 |
| SEI INVESTMENTS CO | 0.59% | 1,505,143 | +0.68% | 0.15% | $143,201,490 |
| MERCER GLOBAL ADVISORS INC /ADV | 0.51% | 1,286,426 | -11% | 0.2% | $122,390,567 |
| JOHNSON INVESTMENT COUNSEL INC | 0.5% | 1,276,772 | +1% | 1% | $121,472,057 |
| Dynasty Wealth Management, LLC | 0.5% | 1,261,838 | +7.2% | 1.6% | $120,051,298 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 9,423,721 | $890,063,011 | +$6,135,066 | $94.16 | 97 |
| 2025 Q3 | 179,349,409 | $17,064,995,096 | -$79,899,622 | $95.14 | 1,287 |
| 2025 Q2 | 180,613,843 | $16,954,041,702 | -$802,042,052 | $93.87 | 1,291 |
| 2025 Q1 | 189,324,443 | $17,715,084,761 | +$237,518,609 | $93.66 | 1,288 |
| 2024 Q4 | 185,514,678 | $16,475,800,642 | -$1,545,945,934 | $88.79 | 1,263 |
| 2024 Q3 | 202,473,512 | $18,483,620,984 | -$1,170,920,204 | $91.31 | 1,172 |
| 2024 Q2 | 214,892,142 | $18,060,088,118 | -$584,981,119 | $83.96 | 1,135 |
| 2024 Q1 | 221,428,367 | $18,501,143,746 | -$4,113,051,870 | $83.58 | 1,154 |
| 2023 Q4 | 1,428,441 | $111,410,929 | +$4,686,864 | $78.03 | 23 |
| 2023 Q3 | 298,023,574 | $21,572,515,367 | +$401,753,170 | $72.38 | 1,124 |
| 2023 Q2 | 276,575,729 | $20,556,499,150 | +$52,681,676 | $74.33 | 1,124 |
| 2023 Q1 | 270,416,017 | $19,677,600,141 | -$1,295,169,162 | $72.74 | 1,099 |
| 2022 Q4 | 312,942,005 | $22,571,419,618 | +$494,702,840 | $72.10 | 1,131 |
| 2022 Q3 | 301,288,725 | $19,926,619,323 | +$3,299,820,440 | $66.10 | 1,036 |
| 2022 Q2 | 233,924,437 | $16,435,781,719 | -$65,673,118 | $70.21 | 1,066 |
| 2022 Q1 | 242,374,024 | $18,802,032,945 | -$1,256,671,350 | $77.57 | 1,100 |
| 2021 Q4 | 264,048,101 | $21,339,609,393 | +$1,021,978,055 | $80.90 | 1,110 |
| 2021 Q3 | 245,200,514 | $18,034,138,369 | -$39,054,644 | $73.50 | 961 |
| 2021 Q2 | 247,457,265 | $18,219,749,860 | -$2,027,286,440 | $73.61 | 951 |
| 2021 Q1 | 276,706,599 | $19,155,788,738 | -$4,131,222,354 | $69.19 | 969 |
| 2020 Q4 | 335,489,604 | $22,782,354,886 | -$1,799,441,990 | $67.88 | 1,007 |
| 2020 Q3 | 355,398,736 | $22,667,830,123 | -$622,558,272 | $63.73 | 888 |
| 2020 Q2 | 361,844,225 | $21,932,433,517 | -$814,440,611 | $60.63 | 887 |
| 2020 Q1 | 365,526,360 | $19,766,565,649 | +$231,139,406 | $54.01 | 864 |
| 2019 Q4 | 371,669,176 | $24,406,645,800 | +$665,457,080 | $65.60 | 907 |
| 2019 Q3 | 357,280,650 | $22,909,798,271 | +$3,748,190,154 | $64.10 | 756 |
| 2019 Q2 | 297,582,934 | $18,397,141,965 | +$1,669,359,414 | $61.73 | 683 |
| 2019 Q1 | 267,762,166 | $15,748,070,090 | +$1,824,839,343 | $58.80 | 640 |
| 2018 Q4 | 239,403,170 | $12,555,823,843 | +$2,585,351,623 | $52.40 | 599 |
| 2018 Q3 | 180,207,643 | $10,266,675,355 | +$1,266,596,508 | $57.04 | 478 |
| 2018 Q2 | 156,440,307 | $8,319,539,697 | -$69,739,837 | $53.16 | 454 |
| 2018 Q1 | 158,049,975 | $8,208,451,889 | -$579,099,978 | $51.93 | 460 |
| 2017 Q4 | 165,036,947 | $8,712,852,522 | +$570,038,062 | $52.78 | 445 |
| 2017 Q3 | 149,418,892 | $7,524,949,914 | +$339,510,821 | $50.34 | 363 |
| 2017 Q2 | 142,674,234 | $6,978,652,021 | +$390,359,611 | $48.93 | 355 |
| 2017 Q1 | 133,718,714 | $6,381,411,219 | -$436,433,890 | $47.72 | 339 |
| 2016 Q4 | 148,020,601 | $6,693,919,553 | -$1,670,340,846 | $45.22 | 327 |
| 2016 Q3 | 182,773,586 | $8,300,394,860 | +$403,372,360 | $45.43 | 311 |
| 2016 Q2 | 173,356,708 | $8,013,621,919 | +$1,004,157,210 | $46.21 | 288 |
| 2016 Q1 | 150,817,189 | $6,624,991,059 | +$2,578,836,272 | $43.93 | 274 |
| 2015 Q4 | 91,030,116 | $3,804,667,236 | +$666,184,219 | $41.82 | 220 |
| 2015 Q3 | 76,486,535 | $3,033,171,412 | +$632,268,571 | $39.59 | 182 |
| 2015 Q2 | 60,791,140 | $2,453,291,249 | +$408,550,583 | $40.32 | 169 |
| 2015 Q1 | 50,490,162 | $2,083,292,920 | +$370,312,809 | $41.26 | 151 |
| 2014 Q4 | 41,578,469 | $1,683,112,764 | +$380,618,700 | $40.48 | 146 |
| 2014 Q3 | 30,443,408 | $1,148,757,038 | +$52,478,545 | $37.68 | 116 |
| 2014 Q2 | 29,099,084 | $1,082,974,784 | +$97,088,344 | $37.22 | 111 |
| 2014 Q1 | 26,408,240 | $951,936,157 | -$39,489,065 | $36.05 | 102 |