iShares Trust - iShares MSCI USA Min Vol Factor ETF
US ˙ BATS ˙ US46429B6974

SecurityUSMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF
InstitutionForefront Analytics, LLC
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Forefront Analytics, LLC closes position in USMV / iShares Trust - iShares MSCI USA Min Vol Factor ETF

On February 17, 2026 - Forefront Analytics, LLC filed a 13F-HR form disclosing ownership of 0 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF (US:USMV) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 21, 2025 disclosing 45,153 shares of iShares Trust - iShares MSCI USA Min Vol Factor ETF. The current value of the position is $0 USD.

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)
2026-02-17 2025-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 0 -100.00 0
2025-11-21 2025-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 45,153 -21 -0.05 4,296 1.30 3.6937
2025-08-14 2025-06-30 13F/A-1 ISHARES TR MSCI USA MIN VOL 46429B697 45,174 -75 -0.17 4,240 0.07 4.7368
2025-07-24 2025-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 36,619 -8,630 3,437 2.9362
2025-05-13 2025-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 45,249 -59 -0.13 4,238 5.35 4.8752
2025-02-14 2024-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 45,308 33,520 284.36 4,023 273.79 1.8710
2024-11-14 2024-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 11,788 3 0.03 1,076 8.80 0.5076
2024-08-15 2024-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 11,785 -325 -2.68 989 -2.27 0.4736
2024-05-15 2024-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 12,110 -33 -0.27 1,012 6.86 0.4907
2024-02-14 2023-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 12,143 576 4.98 947 13.14 0.4677
2023-11-08 2023-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 11,567 1,197 11.54 837 8.70 0.4747
2023-08-11 2023-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 10,370 -743 -6.69 771 -4.70 0.4397
2023-05-12 2023-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 11,113 -1,157 -9.43 808 -8.60 0.4167
2023-02-13 2022-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 12,270 -1,937 -13.63 885 -6.06 0.4713
2022-11-14 2022-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 14,207 -63 -0.44 941 -5.90 0.5011
2022-08-10 2022-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 14,270 -3,823 -21.13 1,000 -28.47 0.4844
2022-05-09 2022-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 18,093 -42 -0.23 1,398 -4.18 0.5191
2022-02-11 2021-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 18,135 -17,337 -48.88 1,459 -43.93 0.4882
2021-11-15 2021-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 35,472 319 0.91 2,602 0.70 0.9485
2021-08-10 2021-06-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 35,153 -211 -0.60 2,584 5.47 1.0246
2021-05-13 2021-03-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 35,364 -279 -0.78 2,450 1.11 1.0440
2021-02-12 2020-12-31 13F ISHARES TR MSCI USA MIN VOL 46429B697 35,643 956 2.76 2,423 9.54 1.0524
2020-11-12 2020-09-30 13F ISHARES TR MSCI USA MIN VOL 46429B697 34,687 11,321 48.45 2,212 55.99 1.0328
2020-08-10 2020-06-30 13F ISHARES TR MSCI MIN VOL ETF 46429B697 23,366 5,028 27.42 1,418 43.23 0.8693
2020-05-11 2020-03-31 13F ISHARES TR MSCI MIN VOL ETF 46429B697 18,338 -23,697 -56.37 991 -64.10 0.7912
2020-02-05 2019-12-31 13F ISHARES TR MSCI MIN VOL ETF 46429B697 42,035 1,791 4.45 2,758 6.86 1.0720
2019-11-05 2019-09-30 13F ISHARES TR MSCI MIN VOL ETF 46429B697 40,244 6,995 21.04 2,581 26.15 1.0637
2019-08-14 2019-06-30 13F ISHARES TR MIN VOL USA ETF 46429B697 33,249 3,111 10.32 2,046 15.27 0.8713
2019-05-13 2019-03-31 13F ISHARES TR MIN VOL USA ETF 46429B697 30,138 -13,136 -30.36 1,775 -21.74 1.1307
2019-02-12 2018-12-31 13F ISHARES TR MIN VOL USA ETF 46429B697 43,274 43,274 2,268 1.2565
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.