iShares Trust - iShares MSCI USA Value Factor ETF
MX ˙ BMV ˙ US46432F3881
SecurityMX:VLUE / iShares Trust - iShares MSCI USA Value Factor ETF
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership16,282 shares
Latest Disclosed Value $ 2,315,138
Baird Financial Group, Inc. reports 7.53% increase in ownership of VLUE / iShares Trust - iShares MSCI USA Value Factor ETF

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 16,282 shares of iShares Trust - iShares MSCI USA Value Factor ETF (MX:VLUE) valued at $2,315,138 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 15,142 shares of iShares Trust - iShares MSCI USA Value Factor ETF. This represents a change in shares of 7.53% 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 VALUE 46432F388 16,282 1,140 7.53 2,315 11.84 0.0019
2026-02-13 2025-12-31 13F ISHARES TR MSCI USA VALUE COMMON 46432F388 15,142 -754 -4.74 2,070 4.18 0.0032
2025-11-13 2025-09-30 13F ISHARES TR MSCI USA VALUE COMMON 46432F388 15,896 -870 -5.19 1,988 4.69 0.0032
2025-08-13 2025-06-30 13F ISHARES TR MSCI USA VALUE COMMON 46432F388 16,766 -261 -1.53 1,898 4.57 0.0033
2025-05-15 2025-03-31 13F ISHARES TR MSCI USA VALUE COMMON 46432F388 17,027 -600 -3.40 1,816 -2.47 0.0035
2025-02-14 2024-12-31 13F ISHS MSCI USA VAL ETF COMMON 46432F388 17,627 590 3.46 1,862 0.22 0.0036
2024-11-14 2024-09-30 13F ISHS MSCI USA VAL ETF COMMON 46432F388 17,037 -2,477 -12.69 1,858 -7.98 0.0036
2024-08-14 2024-06-30 13F ISHS MSCI USA VAL ETF COMMON 46432F388 19,514 949 5.11 2,019 0.40 0.0042
2024-05-14 2024-03-31 13F ISHS MSCI USA VAL ETF COMMON 46432F388 18,565 -795 -4.11 2,011 2.66 0.0042
2024-02-14 2023-12-31 13F ISHS MSCI USA VAL ETF COMMON 46432F388 19,360 847 4.58 1,958 16.62 0.0045
2023-11-13 2023-09-30 13F ISHS MSCI USA VAL ETF COMMON 46432F388 18,513 3,966 27.26 1,679 23.09 0.0046
2023-08-11 2023-06-30 13F ISHS MSCI USA VAL ETF COMMON 46432F388 14,547 1,561 12.02 1,364 13.48 0.0036
2023-05-15 2023-03-31 13F ISHS MSCI USA VAL ETF COMMON 46432F388 12,986 -1,530 -10.54 1,202 120,100.00 0.0030
2023-02-13 2022-12-31 13F ISHS MSCI USA VAL ETF COMMON 46432F388 14,516 272 1.91 1 -99.91 0.0035
2022-11-15 2022-09-30 13F ISHS MSCI USA VAL ETF COMMON 46432F388 14,244 -41,727 -74.55 1,166 -76.98 0.0034
2022-08-08 2022-06-30 13F ISHS MSCI USA VAL ETF COMMON 46432F388 55,971 -6,838 -10.89 5,066 -22.87 0.0141
2022-05-13 2022-03-31 13F ISHARES TR EDGE MSCI USA COMMON 46432F388 62,809 25,004 66.14 6,568 58.72 0.0162
2022-02-09 2021-12-31 13F ISHARES TR MSCI USA VALUE FACTOR ETF COMMON 46432F388 37,805 9,347 32.84 4,138 44.43 0.0097
2021-11-12 2021-09-30 13F ISHARES TR MSCI USA VALUE FACTOR ETF COMMON 46432F388 28,458 8,009 39.17 2,865 33.38 0.0073
2021-08-11 2021-06-30 13F ISHARES TR MSCI USA VALUE FACTOR ETF COMMON 46432F388 20,449 -507 -2.42 2,148 0.05 0.0056
2021-05-13 2021-03-31 13F ISHARES TR MSCI USA VALUE FACTOR ETF COMMON 46432F388 20,956 -1,756 -7.73 2,147 8.76 0.0060
2021-02-11 2020-12-31 13F ISHARES TR MSCI USA VALUE FACTOR ETF COMMON 46432F388 22,712 1,289 6.02 1,974 24.86 0.0059
2020-11-12 2020-09-30 13F ISHS MSCI USA VAL ETF COMMON 46432F388 21,423 1,299 6.45 1,581 8.66 0.0054
2020-10-22 2020-06-30 13F/A-1 ISHS MSCI USA VAL ETF COMMON 46432F388 20,124 14,892 284.63 1,455 340.91 0.0055
2020-08-14 2020-06-30 13F ISHS MSCI USA VAL ETF ETF - E 46432F388 16,155 10,923 1,450 2,873.5706
2020-05-14 2020-03-31 13F ISHARES TR MSCI USA VALUE FACTOR ETF COMMON 46432F388 5,232 -51,901 -90.84 330 -93.56 0.0015
2020-02-14 2019-12-31 13F ISHARES TR MSCI USA VALUE FACTOR ETF COMMON 46432F388 57,133 -398 -0.69 5,126 8.60 0.0184
2019-11-14 2019-09-30 13F ISHARES EDGE MSCI ETF Common 46432F388 57,531 1,922 3.46 4,720 4.54 0.0186
2019-08-14 2019-06-30 13F ISHARES EDGE MSCI ETF COMMON 46432F388 55,609 43,780 370.11 4,515 377.78 0.0176
2019-05-14 2019-03-31 13F ISHS MSCI USA VAL ETF COMMON 46432F388 11,829 -483 -3.92 945 5.82 0.0055
2019-02-14 2018-12-31 13F ISHS MSCI USA VAL ETF COMMON 46432F388 12,312 577 4.92 893 -13.64 0.0061
2018-11-13 2018-09-30 13F ISHS MSCI USA VAL ETF COMMON 46432F388 11,735 11,735 1,034 0.0065
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.