$16 Million Small-Cap Signal: Why a 113,000-Share ETF Buy Matters After a Volatile Year
Key Points
TBH Global Asset Management bought 113,339 shares of IJT in the fourth quarter; the estimated trade size was $16.04 million based on quarterly average prices.
Meanwhile, the quarter-end position value rose by $10.62 million, reflecting both new shares and stock price movement.
The fund now holds 117,301 shares of IJT valued at $11.18 million.
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On January 28, TBH Global Asset Management disclosed a buy of 113,339 shares of the iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT), with an estimated transaction value of $16.04 million based on quarterly average pricing.
What happened
According to a Securities and Exchange Commission (SEC) filing dated January 28, TBH Global Asset Management increased its position in the iShares S&P Small-Cap 600 Growth ETF (NASDAQ:IJT) by 113,339 shares. The estimated value of the buy, based on the quarter’s average share price, was $16.04 million. The fund’s quarter-end stake was valued at $11.18 million, a net position change of $10.62 million that includes both trading activity and price movement.
What else to know
Post-buy, IJT represents 1.87% of TBH Global’s 13F reportable AUM.
Top five holdings after the filing:
- NASDAQ: AAPL: $66.16 million (11.0% of AUM)
- NASDAQ: GOOGL: $35.64 million (5.9% of AUM)
- NYSEMKT: IVW: $27.71 million (4.6% of AUM)
- NYSEMKT: JMUB: $23.67 million (3.9% of AUM)
- NYSE: BRK-B: $19.44 million (3.2% of AUM)
As of January 28, shares of IJT were priced at $148.74.
ETF overview
| Metric | Value |
|---|---|
| AUM | $6.29 billion |
| Price (as of January 28) | $148.74 |
| Dividend yield | 0.9% |
| 1-year total return | 7.01% |
ETF snapshot
- IJT seeks to track the performance of the S&P SmallCap 600 Growth Index, providing exposure to U.S. small-cap growth equities through a rules-based, passively managed strategy.
- The fund holds a diversified portfolio of small-cap growth stocks, with at least 80% of assets invested in index constituents and the remainder in cash equivalents or derivatives for efficient portfolio management.
- It operates as an open-ended ETF structure with a competitive expense ratio, targeting institutional and individual investors seeking long-term capital appreciation from the small-cap growth segment.
The iShares S&P Small-Cap 600 Growth ETF (IJT) offers investors targeted access to the U.S. small-cap growth equity market by tracking a well-established benchmark index. The fund's disciplined, index-based approach ensures broad diversification across growth-oriented small-cap companies. With a sizable asset base and a focus on efficient portfolio construction, IJT appeals to investors seeking exposure to high-growth potential within the small-cap universe.
What this transaction means for investors
What stands out here is not the size of the trade on its own, but the role it plays inside a portfolio that already leans heavily toward large-cap, mega-cap, and index exposure. Adding meaningful small-cap growth exposure changes the portfolio’s risk profile in a way that is hard to replicate with single-stock bets.
The ETF offers broad access to nearly 350 U.S. small-cap growth companies, spanning industrials, technology, health care, and financials. That diversification matters at a time when small caps have lagged mega-cap leaders for much of the past cycle, even as earnings growth expectations remain intact. With a sub-0.20% expense ratio and deep liquidity, this is a scalable way to express a cyclical view without taking balance-sheet risk on individual names.
For long-term investors, the timing is notable. Small-cap growth stocks historically benefit when rate volatility stabilizes, and capital broadens beyond the largest companies. This position also complements a portfolio anchored by Apple, Alphabet, Berkshire, and broad equity ETFs, filling a structural gap rather than replacing existing exposure.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Apple. The Motley Fool has a disclosure policy.
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