ISHARES TR

Ticker: IBMT CUSIP: 46438G356 Class: IBONDS DEC 2031

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (28)

Ellis Investment Partners, LLC

Value ($000) $1,787 Shares 68,872

Praetorian Wealth Management, Inc.

Value ($000) $1,236 Shares 47,639

Godshalk Welsh Capital Management, Inc.

Value ($000) $260 Shares 10,000

DROMS STRAUSS ADVISORS INC /MO/ /ADV

Value ($000) $357 Shares 13,748

Elequin Capital, LP

Value ($000) $1,179 Shares 45,439

Newman Dignan & Sheerar, Inc.

Value ($000) $393 Shares 15,148

MERCER GLOBAL ADVISORS INC /ADV

Value ($000) $22,146 Shares 853,396

Syntegra Private Wealth Group, LLC

Value ($000) $301 Shares 11,591

SPINNAKER TRUST

Value ($000) $352 Shares 13,558

SIGMA INVESTMENT COUNSELORS INC

Value ($000) $255 Shares 9,840

Valmark Advisers, Inc.

Value ($000) $712 Shares 27,456

HOWLAND CAPITAL MANAGEMENT LLC

Value ($000) $234 Shares 9,000

Parallel Advisors, LLC

Value ($000) $405 Shares 15,600

CENTRAL TRUST Co

Value ($000) $336 Shares 12,949

ADIRONDACK TRUST CO

Value ($000) $35 Shares 1,354

NewEdge Advisors, LLC

Value ($000) $1,002 Shares 38,610

Capital Investment Advisors, LLC

Value ($000) $318 Shares 12,241

Sanctuary Advisors, LLC

Value ($000) $613 Shares 23,611

US BANCORP \DE\

Value ($000) $1,542 Shares 59,403

HighTower Advisors, LLC

Value ($000) $991 Shares 38,200

Institution	Shares	Value ($000)
Ellis Investment Partners, LLC	68,872	$1,787
Praetorian Wealth Management, Inc.	47,639	$1,236
Godshalk Welsh Capital Management, Inc.	10,000	$260
DROMS STRAUSS ADVISORS INC /MO/ /ADV	13,748	$357
Elequin Capital, LP	45,439	$1,179
Newman Dignan & Sheerar, Inc.	15,148	$393
MERCER GLOBAL ADVISORS INC /ADV	853,396	$22,146
Syntegra Private Wealth Group, LLC	11,591	$301
SPINNAKER TRUST	13,558	$352
SIGMA INVESTMENT COUNSELORS INC	9,840	$255
Valmark Advisers, Inc.	27,456	$712
HOWLAND CAPITAL MANAGEMENT LLC	9,000	$234
Parallel Advisors, LLC	15,600	$405
CENTRAL TRUST Co	12,949	$336
ADIRONDACK TRUST CO	1,354	$35
NewEdge Advisors, LLC	38,610	$1,002
Capital Investment Advisors, LLC	12,241	$318
Sanctuary Advisors, LLC	23,611	$613
US BANCORP \DE\	59,403	$1,542
HighTower Advisors, LLC	38,200	$991

Increased Positions (8)

LBMC INVESTMENT ADVISORS, LLC

Value ($000) $2,550 (+529.9%) Shares 98,270 (+528.3%)

Helen Stephens Group, LLC

Value ($000) $1,110 (+23.0%) Shares 42,773 (+22.7%)

COLDSTREAM CAPITAL MANAGEMENT INC

Value ($000) $1,932 (+633.8%) Shares 74,465 (+631.9%)

Hills Bank & Trust Co

Value ($000) $644 (+125.8%) Shares 24,820 (+125.2%)

Atlantic Union Bankshares Corp

Value ($000) $811 (+53.1%) Shares 31,241 (+52.7%)

IFP Advisors, Inc

Value ($000) $303 (+69.1%) Shares 11,678 (+68.6%)

Quantum Financial Advisors, LLC

Value ($000) $1,103 (+2.3%) Shares 42,513 (+2.0%)

CLIFTONLARSONALLEN WEALTH ADVISORS, LLC

Value ($000) $841 (+11.1%) Shares 32,417 (+10.8%)

Institution	Prev Shares	Curr Shares	Change
LBMC INVESTMENT ADVISORS, LLC	15,640	98,270	+82,630 (+528.3%)
Helen Stephens Group, LLC	34,865	42,773	+7,908 (+22.7%)
COLDSTREAM CAPITAL MANAGEMENT INC	10,174	74,465	+64,291 (+631.9%)
Hills Bank & Trust Co	11,021	24,820	+13,799 (+125.2%)
Atlantic Union Bankshares Corp	20,459	31,241	+10,782 (+52.7%)
IFP Advisors, Inc	6,925	11,678	+4,753 (+68.6%)
Quantum Financial Advisors, LLC	41,662	42,513	+851 (+2.0%)
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC	29,249	32,417	+3,168 (+10.8%)

Decreased Positions (3)

LEAVELL INVESTMENT MANAGEMENT, INC.

Value ($000) $617 (-19.4%) Shares 23,785 (-19.6%)

MASSMUTUAL TRUST CO FSB/ADV

Value ($000) $569 (-20.3%) Shares 21,910 (-20.5%)

JANE STREET GROUP, LLC

Value ($000) $1,564 (-22.4%) Shares 60,286 (-22.6%)

Institution	Prev Shares	Curr Shares	Change
LEAVELL INVESTMENT MANAGEMENT, INC.	29,575	23,785	-5,790 (-19.6%)
MASSMUTUAL TRUST CO FSB/ADV	27,561	21,910	-5,651 (-20.5%)
JANE STREET GROUP, LLC	77,880	60,286	-17,594 (-22.6%)

Exited Positions (1)

Value ($000) $2 Shares 85

Institution	Prev Shares	Prev Value ($000)
UBS Group AG	85	$2