iShares Trust - iShares MSCI USA Min Vol Factor ETF
MX ˙ BMV ˙ US46429B6974
SecurityMX:USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership87,132 shares
Latest Disclosed Value $ 8,080,622
Baird Financial Group, Inc. reports 13.22% decrease in ownership of USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 87,132 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF (MX:USMV) valued at $8,080,622 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 100,406 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF. This represents a change in shares of -13.22% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 87,132 -13,274 -13.22 8,081 -14.53 0.0068
2026-02-13 2025-12-31 13F ISHARES TR MSCI USA MIN VOL COMMON 46429B697 100,406 -1,677 -1.64 9,454 -2.66 0.0147
2025-11-13 2025-09-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 102,083 -43,665 -29.96 9,712 -29.01 0.0156
2025-08-13 2025-06-30 13F ISHARES TR MSCI USA MIN VOL COMMON 46429B697 145,748 8,482 6.18 13,681 6.42 0.0240
2025-05-15 2025-03-31 13F ISHARES TR MSCI USA MIN VOL COMMON 46429B697 137,266 -6,489 -4.51 12,856 0.72 0.0248
2025-02-14 2024-12-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 143,755 5,401 3.90 12,764 1.04 0.0244
2024-11-14 2024-09-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 138,354 -7,270 -4.99 12,633 3.33 0.0245
2024-08-14 2024-06-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 145,624 -2,890 -1.95 12,227 -1.50 0.0254
2024-05-14 2024-03-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 148,514 -11,568 -7.23 12,413 -0.63 0.0260
2024-02-14 2023-12-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 160,082 7,677 5.04 12,491 13.24 0.0285
2023-11-13 2023-09-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 152,405 -10,926 -6.69 11,031 -9.14 0.0301
2023-08-11 2023-06-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 163,331 -58,016 -26.21 12,140 -24.60 0.0320
2023-05-15 2023-03-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 221,347 18,916 9.34 16,101 114,900.00 0.0397
2023-02-13 2022-12-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 202,431 -13,160 -6.10 15 -99.90 0.0384
2022-11-15 2022-09-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 215,591 -7,553 -3.38 14,251 -9.04 0.0420
2022-08-08 2022-06-30 13F ISHARES TR USA MIN VOL ET COMMON 46429B697 223,144 -12,377 -5.26 15,667 -14.24 0.0435
2022-05-13 2022-03-31 13F ISHARES TR USA MIN VOL ET COMMON 46429B697 235,521 -38,096 -13.92 18,269 -17.47 0.0451
2022-02-09 2021-12-31 13F ISHARES MSCI USA MIN VOL FACTOR ETF COMMON 46429B697 273,617 -14,029 -4.88 22,135 4.70 0.0517
2021-11-12 2021-09-30 13F ISHARES MSCI USA MIN VOL FACTOR ETF COMMON 46429B697 287,646 -86,151 -23.05 21,142 -23.16 0.0541
2021-08-11 2021-06-30 13F ISHARES MSCI USA MIN VOL FACTOR ETF COMMON 46429B697 373,797 -51,185 -12.04 27,515 -6.43 0.0715
2021-05-13 2021-03-31 13F ISHARES MSCI USA MIN VOL FACTOR ETF COMMON 46429B697 424,982 -288,200 -40.41 29,405 -39.26 0.0825
2021-02-11 2020-12-31 13F ISHARES MSCI USA MIN VOL FACTOR ETF COMMON 46429B697 713,182 -12,641 -1.74 48,411 4.66 0.1447
2020-11-12 2020-09-30 13F ISHARES MSCI USA MIN VOL FACTOR ETF COMMON 46429B697 725,823 -33,755 -4.44 46,256 0.44 0.1585
2020-10-22 2020-06-30 13F/A-1 ISHARES EDGE MSCI MIN VOL USA ETF COMMON 46429B697 759,578 -41,175 -5.14 46,053 6.48 0.1735
2020-08-14 2020-06-30 13F ISHARES EDGE MSCI MIN VOL USA ETF COMMON 46429B697 796,102 -4,651 52,221 103,490.1576
2020-05-14 2020-03-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 800,753 -67,770 -7.80 43,249 -24.09 0.1975
2020-02-14 2019-12-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 868,523 -19,870 -2.24 56,975 0.05 0.2045
2019-11-14 2019-09-30 13F ISHARES EDGE MSCI ETF Common 46429B697 888,393 43,884 5.20 56,946 9.24 0.2243
2019-08-14 2019-06-30 13F ISHARES EDGE MSCI ETF COMMON 46429B697 844,509 638,617 310.17 52,131 330.62 0.2027
2019-05-14 2019-03-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 205,892 39,481 23.72 12,106 38.83 0.0708
2019-02-14 2018-12-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 166,411 29,176 21.26 8,720 11.41 0.0592
2018-11-13 2018-09-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 137,235 11,080 8.78 7,827 16.72 0.0490
2018-08-13 2018-06-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 126,155 5,665 4.70 6,706 7.18 0.0455
2018-05-14 2018-03-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 120,490 12,835 11.92 6,257 10.12 0.0441
2018-02-09 2017-12-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 107,655 4,330 4.19 5,682 9.25 0.0402
2017-11-14 2017-09-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 103,325 5,125 5.22 5,201 8.24 0.0392
2017-08-14 2017-06-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 98,200 33,109 50.87 4,805 54.70 0.0376
2017-06-19 2017-03-31 13F/A-1 ISHARES MIN VOL INDX ETF COMMON 46429B697 65,091 -46,968 -41.91 3,106 -38.70 0.0251
2017-05-09 2017-03-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 65,091 3,106
2017-02-10 2016-12-31 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 112,059 -15,693 -12.28 5,067 -12.70 0.0440
2016-11-10 2016-09-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 127,752 -10,262 -7.44 5,804 -9.62 0.0520
2016-08-11 2016-06-30 13F ISHARES MIN VOL INDX ETF COMMON 46429B697 138,014 26,890 24.20 6,422 31.54 0.0589
2016-05-12 2016-03-31 13F ISHARES MIN VOL INDX ETF ETF - E 46429B697 111,124 82,841 292.90 4,882 312.68 0.0467
2016-02-11 2015-12-31 13F ISHS MSCI USA M OTHER 46429B697 28,283 1,420 5.29 1,183 11.18 0.0118
2015-11-12 2015-09-30 13F ISHS MSCI USA M OTHER 46429B697 26,863 26,863 1,064 0.0113
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.