ISHARES S&P 500 GROWTH ETF

IVW Q1 2026 institutional ownership is a $43.4B book across 1,978 holders. Envestnet Asset Management is the largest holder at $5.6B (49.3M shares, +4.6%, + $199M) -- the largest buyer. JPMorgan $4.4B (40.5M shares, -1.5%, - $620M) -- the largest seller. Morgan Stanley $3.9B (34.3M shares, +2.0%, - $267M). LPL Financial $2.4B (20.9M shares, +5.5%, - $80M). Bank of America $2.2B (19.8M shares, +6.6%, + $49M) -- added despite INCREASED with negative valueChange = accumulation into price weakness. Wells Fargo $1.7B (15.4M shares, +2.3%, - $115M). UBS Group $970M (8.6M shares, -10.4%, - $101M). Ameriprise $906M (8.0M shares, -15.8%, - $143M). Stifel Financial $825M (7.3M shares, +5.3%, - $29M). CWM $540M (4.8M shares, +0.1%, + $540M). Cetera Investment $538M (4.8M shares, +5.5%, - $18M). BlackRock $513M (4.5M shares, +2.5%). Goldman Sachs $485M (4.3M shares, +0.3%). M&T Bank $443M (3.9M shares, -13.9%, - $57M). Raymond James $440M (3.9M shares, -10.6%, - $97M). Lido Advisors $438M (3.9M shares, +2.3%). Envestnet Portfolio Solutions $413M (3.7M shares, -4.3%). Mariner $403M (3.6M shares, -5.1%). RBC $401M (3.5M shares, +6.0%, - $12M). Northwestern Mutual not significant. BNY Mellon $224M (2.0M shares, +18.7%, + $3.4M). Two Sigma Investments $223M (2.0M shares, +6,380% from $293K) -- the most aggressive build percentage-wise. Foundations Investment Advisors $258M (2.3M shares, +12.6%, + $7M). MML Investors $377M (3.3M shares, -9.1%, - $72M). Commonwealth Equity not significant. New positions: none. Sellers: JPMorgan - $620M, Morgan Stanley - $267M, Ameriprise - $143M, Wells Fargo - $115M, Raymond James - $97M, UBS - $101M, M&T Bank - $57M, Stifel - $29M, MML - $72M, LPL - $80M, Cetera - $18M, Mariner - $48M. Buyers: Envestnet + $199M, Two Sigma + $187M, BofA + $49M, BNY Mellon + $3.4M, Foundations + $7M, CWM + $540M, BlackRock + $30M, Goldman + $48M, RBC - $12M (net). The 75.50 whaleScore reflects AUM. Smart-money read: net-cautious on growth. The defining signal is institutional REDUCTION in pure-growth exposure: JPMorgan - $620M, Morgan Stanley - $267M, Ameriprise - $143M, Wells Fargo - $115M represent active-manager rotation away from high-multiple growth into value/income. Envestnet + $199M is the only material add from a large holder. Two Sigma + $187M from de minimis is quant/style-tilt rather than fundamental conviction. The BofA, LPL, Stifel INCREASED-negative-valueChange rows are accumulation into price weakness (potentially bullish). Net read: cautious on S&P 500 Growth via IVW -- active managers rotating away from pure-growth toward value/quality/income. This is consistent with the broader Q1 2026 rotation pattern observed across XLE (energy), SCHD (dividend), and AGG (bonds).