iShares Trust - iShares MSCI USA Min Vol Factor ETF
MX ˙ BMV ˙ US46429B6974
SecurityMX:USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF
InstitutionAdaptive Financial Consulting, LLC
Latest Disclosed Ownership235,579 shares
Latest Disclosed Value $ 21,847,607
Adaptive Financial Consulting, LLC reports 5.72% increase in ownership of USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF

On May 5, 2026 - Adaptive Financial Consulting, LLC filed a 13F-HR form disclosing ownership of 235,579 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF (MX:USMV) valued at $21,847,607 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 222,839 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF. This represents a change in shares of 5.72% 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)
2026-05-05 2026-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 235,579 12,740 5.72 21,848 4.12 8.3667
2026-02-11 2025-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 222,839 6,973 3.23 20,982 2.17 8.1623
2025-10-30 2025-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 215,866 1,481 0.69 20,537 2.05 8.2105
2025-08-11 2025-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 214,385 -3,741 -1.72 20,124 -1.49 8.4035
2025-05-05 2025-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 218,126 -6,882 -3.06 20,430 2.26 8.7486
2025-02-04 2024-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 225,008 -1,252 -0.55 19,978 -3.30 8.2866
2024-11-07 2024-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 226,260 -72 -0.03 20,660 8.72 8.4140
2024-07-25 2024-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 226,332 3,234 1.45 19,003 1.91 8.2417
2024-05-07 2024-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 223,098 3,044 1.38 18,647 8.60 8.3222
2024-02-08 2023-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 220,054 -969 -0.44 17,171 7.33 9.1389
2023-11-15 2023-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 221,023 5,159 2.39 15,998 -0.30 9.0633
2023-08-14 2023-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 215,864 -16,917 -7.27 16,045 -5.24 9.0048
2023-05-12 2023-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 232,781 3,807 1.66 16,933 2.56 9.1498
2023-02-09 2022-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 228,974 2,474 1.09 16,509 10.27 9.4623
2022-11-14 2022-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 226,500 3,452 1.55 14,972 -4.39 9.3699
2022-08-12 2022-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 223,048 13,924 6.66 15,660 -3.46 9.7018
2022-05-12 2022-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 209,124 4,658 2.28 16,222 -1.93 9.5323
2022-02-10 2021-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 204,466 5,376 2.70 16,541 13.04 9.4472
2021-11-02 2021-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 199,090 2,533 1.29 14,633 1.13 9.0207
2021-07-21 2021-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 196,557 4,919 2.57 14,469 9.13 9.0301
2021-04-27 2021-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 191,638 25,073 15.05 13,259 17.27 8.9119
2021-01-29 2020-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 166,565 -3,312 -1.95 11,306 4.43 8.5774
2020-10-16 2020-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 169,877 11,540 7.29 10,826 12.77 8.5168
2020-07-22 2020-06-30 13F ISHARES TR MSCI MIN VOL ETF 46429B697 158,337 8,945 5.99 9,600 18.97 8.4354
2020-05-15 2020-03-31 13F ISHARES TR MSCI MIN VOL ETF 46429B697 149,392 6,193 4.32 8,069 -14.10 8.2887
2020-02-28 2019-12-31 13F ISHARES TR MSCI MIN VOL ETF 46429B697 143,199 143,199 9,394 9.0126
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.