iShares Trust - iShares MSCI USA Min Vol Factor ETF
MX ˙ BMV ˙ US46429B6974
SecurityMX:USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF
InstitutionBcm Advisors, Llc
Latest Disclosed Ownership29,264 shares
Latest Disclosed Value $ 2,761,351
Bcm Advisors, Llc reports 14.20% decrease in ownership of USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF

On May 5, 2026 - Bcm Advisors, Llc filed a 13F-HR form disclosing ownership of 29,264 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF (MX:USMV) valued at $2,761,351 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 34,107 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF. This represents a change in shares of -14.20% 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 MSCI USA Min Volatility Equities 46429B697 29,264 -4,843 -14.20 2,761 -14.68 0.5448
2026-01-26 2025-12-31 13F iShares MSCI USA Min Volatility Equities 46429B697 34,107 -1,077 -3.06 3,236 -2.38 0.6201
2025-10-29 2025-09-30 13F iShares MSCI USA Min Volatility Equities 46429B697 35,184 -271 -0.76 3,315 -0.27 0.6671
2025-07-30 2025-06-30 13F iShares MSCI USA Min Volatility Equities 46429B697 35,455 1,606 4.74 3,325 5.79 0.7081
2025-05-06 2025-03-31 13F iShares MSCI USA Min Volatility Equities 46429B697 33,849 -2,538 -6.98 3,142 -7.23 0.7126
2025-02-06 2024-12-31 13F iShares MSCI USA Min Volatility Equities 46429B697 36,387 -7,934 -17.90 3,388 -15.03 0.7567
2024-11-06 2024-09-30 13F iShares MSCI USA Min Volatility Equities 46429B697 44,321 -220 -0.49 3,986 2.76 0.9150
2024-08-02 2024-06-30 13F iShares MSCI USA Min Volatility Equities 46429B697 44,541 -2,361 -5.03 3,879 1.68 0.9202
2024-04-25 2024-03-31 13F iShares MSCI USA Min Volatility Equities 46429B697 46,902 -744 -1.56 3,815 -0.50 0.9665
2024-01-31 2023-12-31 13F iShares MSCI USA Min Volatility Equities 46429B697 47,646 -1,820 -3.68 3,835 4.93 1.0075
2023-11-09 2023-09-30 13F iShares MSCI USA Min Volatility Equities 46429B697 49,466 527 1.08 3,654 0.41 1.0830
2023-07-14 2023-06-30 13F iShares MSCI USA Min Volatility Equities 46429B697 48,939 0 0.00 3,640 0.44 0.9753
2023-05-02 2023-03-31 13F iShares MSCI USA Min Volatility Equities 46429B697 48,939 0 0.00 3,624 2.78 0.9806
2023-02-10 2022-12-31 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 48,939 0 0.00 3,526 0.54 0.9746
2022-11-02 2022-09-30 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 48,939 -1,334 -2.65 3,506 -2.67 1.0317
2022-07-28 2022-06-30 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 50,273 -1,840 -3.53 3,602 -9.25 0.9914
2022-04-29 2022-03-31 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 52,113 -90 -0.17 3,969 -0.05 1.0527
2022-02-02 2021-12-31 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 52,203 -1,344 -2.51 3,971 -2.19 1.0219
2021-11-01 2021-09-30 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 53,547 -4,242 -7.34 4,060 -5.80 1.0841
2021-08-03 2021-06-30 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 57,789 -2,043 -3.41 4,310 -0.55 1.1672
2021-04-28 2021-03-31 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 59,832 -675,244 -91.86 4,334 -91.31 1.3092
2021-02-10 2020-12-31 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 735,076 13,738 1.90 49,897 12.09 16.3873
2020-11-04 2020-09-30 13F iShares MSCI USA Min Volatility MSCI USA MIN VOL 46429B697 721,338 -66,892 -8.49 44,514 -6.85 16.4121
2020-08-05 2020-06-30 13F iShares Minimum Volatility U.S MSCI MIN VOL ETF 46429B697 788,230 265,339 50.74 47,790 69.22 20.0264
2020-04-23 2020-03-31 13F iShares Minimum Volatility U.S MSCI MIN VOL ETF 46429B697 522,891 517,106 8,938.74 28,241 7,351.45 13.5852
2020-01-08 2019-12-31 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,785 0 0.00 379 2.16 0.1378
2019-10-23 2019-09-30 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,785 0 0.00 371 3.92 0.1597
2019-07-10 2019-06-30 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,785 0 0.00 357 5.00 0.1634
2019-04-11 2019-03-31 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,785 0 0.00 340 12.21 0.1609
2019-01-11 2018-12-31 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,785 0 0.00 303 -8.18 0.1540
2018-10-18 2018-09-30 13F/A-1 iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,785 0 0.00 330 7.14 0.1729
2018-10-17 2018-09-30 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,785 0 308 0.1700
2018-07-19 2018-06-30 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,785 -201 -3.36 308 -0.96 0.1700
2018-04-13 2018-03-31 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 5,986 -620 -9.39 311 -40.87 0.1841
2018-02-21 2017-12-31 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 6,606 -1,500 -18.50 526 -8.52 0.3033
2017-10-31 2017-09-30 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 8,106 821 11.27 575 61.52 0.3538
2017-07-25 2017-06-30 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 7,285 0 0.00 356 2.30 0.2244
2017-05-12 2017-03-31 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 7,285 -5,000 -40.70 348 -37.41 0.2199
2017-02-13 2016-12-31 13F iShares MSCI USA Min Volatilit MIN ETF 46429B697 12,285 12,285 556 0.3669
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.