iShares U.S. Thematic Rotation Active ETF
THRO
373 hedge funds and large institutions have $6.63B invested in iShares U.S. Thematic Rotation Active ETF in 2025 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 264 increasing their positions, 42 reducing their positions, and 17 closing their positions.
2,692% more capital inflows, than outflows
Capital inflows: $1.19B | Capital outflows: $42.6M
529% more repeat investments, than reductions
Existing positions increased: 264 | Existing positions reduced: 42
282% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 17
12% more funds holding
Funds holding: 334 → 373 (+39)
1.87% less ownership
Funds ownership: 105.96% → 104.09% (-1.9%)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$291M |
| 2 |
PAS
Park Avenue Securities
New York
|
+$172M |
| 3 |
LPL Financial
San Diego,
California
|
+$107M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$85.6M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$49.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
-$9.52M |
| 2 |
BFG
Buttonwood Financial Group
Kansas City,
Missouri
|
-$8.64M |
| 3 |
MC
McMorgan & Co
San Francisco,
California
|
-$4.81M |
| 4 |
SW
Simplicity Wealth
Summit,
New Jersey
|
-$2.48M |
| 5 |
MYIA
Mount Yale Investment Advisors
Denver,
Colorado
|
-$2.25M |
THRO Hedge Fund Activity: Q3 2025 in Review
373 of the 7,647 institutional investors tracked by Wall St. Rank reported a position in iShares U.S. Thematic Rotation Active ETF (THRO) for Q3 2025, worth a combined $6.63B — up 29% from $5.15B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new THRO positions and 17 closed out — a net gain of 48 holders — while 264 added to existing stakes and 42 trimmed.
The largest buyer was BlackRock, adding an estimated $291M. The largest seller was Integrated Wealth Concepts, cutting an estimated $9.52M.
- 373 institutional investors held iShares U.S. Thematic Rotation Active ETF (THRO) as of Q3 2025, up from 334 in Q2 2025.
- Funds reported $6.63B of iShares U.S. Thematic Rotation Active ETF stock for Q3 2025, up 29% quarter-over-quarter.
- 65 funds opened new iShares U.S. Thematic Rotation Active ETF positions in Q3 2025 and 17 closed out, a net change of +48 holders.
- The largest iShares U.S. Thematic Rotation Active ETF buyer in Q3 2025 was BlackRock, an estimated $291M added.
- The largest iShares U.S. Thematic Rotation Active ETF seller in Q3 2025 was Integrated Wealth Concepts, an estimated $9.52M sold.
Based on aggregated 13F filings for Q3 2025.