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THRO

iShares U.S. Thematic Rotation Active ETF
THRO

330 hedge funds and large institutions have $5.14B invested in iShares U.S. Thematic Rotation Active ETF in 2025 Q2 according to their latest regulatory filings, with 213 funds opening new positions, 108 increasing their positions, 6 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,450% more first-time investments, than exits

New positions opened: 213 | Existing positions closed: 6

1,700% more repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 6

876% more capital invested

Capital invested by funds: $527M → $5.14B (+$4.61B)

500% more funds holding in top 10

Funds holding in top 10: 2 → 12 (+10)

164% more funds holding

Funds holding: 125 → 330 (+205)

4.61% more ownership

Funds ownership: 101.8% → 106.4% (+4.6%)

Holders
330
Holders Change
+205
Holders Change %
+164%
% of All Funds
4.34%
Holding in Top 10
12
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+500%
% of All Funds
0.16%
New
213
Increased
108
Reduced
6
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.44B
2
LPL Financial
LPL Financial
California
+$457M
3
JP Morgan Chase
JP Morgan Chase
New York
+$233M
4
Envestnet Portfolio Solutions
Envestnet Portfolio Solutions
Illinois
+$142M
5
Morgan Stanley
Morgan Stanley
New York
+$130M

Top Sellers

Rank Fund Capital Flow
1
TC
TownSquare Capital
Utah
-$881K
2
KCM
KM Capital Management
Texas
-$858K
3
BW
Balance Wealth
Ohio
-$338K
4
CAWM
Capital A Wealth Management
Pennsylvania
-$249K
5
MC
McMorgan & Co
California
-$240K
Name Holding Trade Value Shares
Change 		Change in
Stake
RFN
226
RDA Financial Network
Iowa
$614K +$568K +17,246 New
SFA
227
Semmax Financial Advisors
North Carolina
$599K +$541K +16,419 New
APC
228
Aspire Private Capital
North Carolina
$598K +$553K +16,796 New
SWM
229
Spire Wealth Management
Virginia
$597K +$537K +16,310 +3,538%
ISFAN
230
Investor's Fiduciary Advisor Network
Washington
$588K +$545K +16,538 New
FIM
231
Freedom Investment Management
Connecticut
$587K +$543K +16,487 New
FA
232
Fedenia Advisers
Wisconsin
$581K +$538K +16,341 New
GM
233
GeoWealth Management
Illinois
$573K +$291K +8,836 +122%
CWMK
234
Caliber Wealth Management (Kansas)
Kansas
$569K +$527K +16,000 New
AFW
235
Avantra Family Wealth
Pennsylvania
$569K +$527K +15,993 New
AIA
236
Accelerate Investment Advisors
California
$568K +$525K +15,954 New
MA
237
MKT Advisors
California
$558K +$518K +15,743 New
LFA
238
LGT Financial Advisors
Texas
$552K +$149K +4,521 +41%
CFD
239
Creative Financial Designs
Indiana
$552K +$511K +15,518 New
AWA
240
Arkadios Wealth Advisors
Georgia
$533K +$493K +14,985 New
RFA
241
Resurgent Financial Advisors
Georgia
$531K +$491K +14,925 New
BFA
242
Beacon Financial Advisory
Ohio
$528K +$489K +14,838 New
RIS
243
Richmond Investment Services
Wisconsin
$519K +$480K +14,575 New
CCG
244
Catalina Capital Group
California
$511K +$473K +14,371 New
NCM
245
Northwest Capital Management
Oregon
$500K +$462K +14,043 New
AWA
246
Arete Wealth Advisors
Illinois
$494K +$457K +13,881 New
CCM
247
Coldstream Capital Management
Washington
$491K +$434K +13,181 +2,102%
TRCT
248
Tower Research Capital (TRC)
New York
$491K +$394K +11,969 +655%
VT
249
Vise Technologies
New York
$490K +$454K +13,781 New
KV
250
Kickstand Ventures
New York
$489K +$453K +13,745 New
8 9
10
11 12

THRO Hedge Fund Activity: Q2 2025 in Review

330 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares U.S. Thematic Rotation Active ETF (THRO) for Q2 2025, worth a combined $5.14B — up 876% from $527M a quarter earlier.

Buyers outnumbered sellers: 213 funds opened new THRO positions and 6 closed out — a net gain of 207 holders — while 108 added to existing stakes and 6 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $1.44B. The largest seller was TownSquare Capital, exiting entirely with an estimated $881K sold.

  • 330 institutional investors held iShares U.S. Thematic Rotation Active ETF (THRO) as of Q2 2025, up from 125 in Q1 2025.
  • Funds reported $5.14B of iShares U.S. Thematic Rotation Active ETF stock for Q2 2025, up 876% quarter-over-quarter.
  • 213 funds opened new iShares U.S. Thematic Rotation Active ETF positions in Q2 2025 and 6 closed out, a net change of +207 holders.
  • The largest iShares U.S. Thematic Rotation Active ETF buyer in Q2 2025 was Envestnet Asset Management, an estimated $1.44B added.
  • The largest iShares U.S. Thematic Rotation Active ETF seller in Q2 2025 was TownSquare Capital, an estimated $881K sold.

Based on aggregated 13F filings for Q2 2025.