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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.44B |
| 2 |
LPL Financial
San Diego,
California
|
+$457M |
| 3 |
JP Morgan Chase
New York
|
+$233M |
| 4 |
Envestnet Portfolio Solutions
Chicago,
Illinois
|
+$142M |
| 5 |
Morgan Stanley
New York
|
+$130M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TownSquare Capital
Provo,
Utah
|
-$881K |
| 2 |
KCM
KM Capital Management
Austin,
Texas
|
-$858K |
| 3 |
BW
Balance Wealth
Delaware,
Ohio
|
-$338K |
| 4 |
CAWM
Capital A Wealth Management
New Castle,
Pennsylvania
|
-$249K |
| 5 |
MC
McMorgan & Co
San Francisco,
California
|
-$240K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OLVIG
326
Oliver Lagore Vanvalin Investment Group
Flint,
Michigan
| $3.68K | +$3.82K | +116 | New |
|
|
ADL
327
Asset Dedication LLC
San Francisco,
California
| $3.56K | +$3.29K | +100 | New |
|
|
EB
328
Eastern Bank
Boston,
Massachusetts
| $2.85K | +$2.63K | +80 | New |
|
329
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $1.57K | +$1.45K | +44 | New |
|
330
Citigroup
New York
| $71 | +$66 | +2 | New |
|
|
TC
331
TownSquare Capital
Provo,
Utah
| – | -$881K | -27,794 | Closed |
|
|
BW
332
Balance Wealth
Delaware,
Ohio
| – | -$338K | -10,676 | Closed |
|
|
CAWM
333
Capital A Wealth Management
New Castle,
Pennsylvania
| – | -$249K | -7,859 | Closed |
|
|
CA
334
Continuum Advisory
Eagle,
Idaho
| – | -$4.31K | -136 | Closed |
|
|
LFG
335
Larson Financial Group
St Louis,
Missouri
| – | -$919 | -29 | Closed |
|
336
Fidelity Investments
Boston,
Massachusetts
| – | -$32 | -1 | Closed |
|
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.