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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
SA
101
Sovran Advisors
California
$4.72M +$4.14M +125,745 +1,845%
OP
102
ORG Partners
Indiana
$4.72M +$1.57M +47,730 +56%
SW
103
Simplicity Wealth
New Jersey
$4.7M +$4.35M +132,156 New
VAS
104
Vestmark Advisory Solutions
Massachusetts
$4.7M +$316K +9,589 +8%
CA
105
Claro Advisors
Massachusetts
$4.65M +$3.78M +114,779 +728%
SCA
106
Snowden Capital Advisors
New York
$4.58M +$4.24M +128,812 New
KAS
107
Kestra Advisory Services
Texas
$4.43M +$3.81M +115,809 +1,317%
KPWS
108
Kestra Private Wealth Services
Texas
$4.34M +$4.02M +122,059 New
MFA
109
Mayflower Financial Advisors
Massachusetts
$4.32M +$3.69M +112,048 +1,191%
CAM
110
Cobblestone Asset Management
Virginia
$4.27M +$3.95M +119,874 New
VPP
111
Vertex Planning Partners
Illinois
$4.24M +$3.92M +119,129 New
QPWM
112
Quadrant Private Wealth Management
Pennsylvania
$4.23M +$321K +9,759 +9%
P
113
&Partners
Tennessee
$4.22M +$3.59M +108,954 +1,164%
HWM
114
Hobbs Wealth Management
Indiana
$4.17M +$3.86M +117,205 New
KWM
115
Keebeck Wealth Management
Illinois
$4.11M +$3.81M +115,583 New
SWM
116
SigFig Wealth Management
California
$3.99M +$3.48M +105,570 +1,456%
CAL
117
Capital Analysts LLC
Pennsylvania
$3.85M +$3.56M +108,177 New
TVM
118
True Vision MN
Minnesota
$3.76M +$3.05M +92,758 +718%
SF
119
SWP Financial
California
$3.75M +$3.47M +105,294 New
MW
120
Maia Wealth
Colorado
$3.75M +$3.47M +105,293 New
GWP
121
Gen-Wealth Partners
Michigan
$3.71M +$2.6M +78,955 +311%
MCM
122
M1 Capital Management
Michigan
$3.41M +$3.16M +95,909 New
OWCM
123
One Wealth Capital Management
Arizona
$3.41M +$2.24M +67,948 +244%
FFN
124
Focus Financial Network
Minnesota
$3.36M +$3.11M +94,417 New
LWM
125
Liberty Wealth Management
California
$3.28M +$3.04M +92,248 New
3 4
5
6 7

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.