INTERNATIONAL BANCSHARES COR IBOC
COM · Common Stock · CUSIP 459044103
American financial services company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($8.6m this quarter). Holder counts are more reliable. Shares outstanding: 62.2m as of 2025-11-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $66.47.
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 175 |
| Q4 2022 | 196 |
| Q1 2023 | 188 |
| Q2 2023 | 192 |
| Q3 2023 | 186 |
| Q4 2023 | 201 |
| Q1 2024 | 199 |
| Q2 2024 | 210 |
| Q3 2024 | 237 |
| Q4 2024 | 243 |
| Q1 2025 | 252 |
| Q2 2025 | 256 |
| Q3 2025 | 254 |
| Q4 2025 | 266 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 92 | 85 |
| Q2 2024 | 93 | 87 |
| Q3 2024 | 108 | 98 |
| Q4 2024 | 122 | 99 |
| Q1 2025 | 118 | 112 |
| Q2 2025 | 130 | 105 |
| Q3 2025 | 112 | 106 |
| Q4 2025 | 115 | 120 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $0 | $0 | — |
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $0 | $6.0k | — |
| Q4 2025 | $0 | $0 | — |
Biggest buyers
| T. Rowe Price Investment Management, Inc. | Added | +670.6k |
| Azora Capital LP | Added | +396.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +219.6k |
| AMERICAN CENTURY COMPANIES INC | Added | +108.2k |
| FIRST TRUST ADVISORS LP | Added | +93.6k |
| REINHART PARTNERS, LLC. | Added | +72.0k |
| BW Gestao de Investimentos Ltda. | New | +70.0k |
| ExodusPoint Capital Management, LP | New | +69.9k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | New | +60.8k |
| MORGAN STANLEY | Added | +50.7k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -252.6k |
| Freestone Grove Partners LP | Reduced | -175.9k |
| ALGERT GLOBAL LLC | Sold out | -154.2k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -113.4k |
| JANE STREET GROUP, LLC | Reduced | -84.4k |
| VANGUARD GROUP INC | Reduced | -83.8k |
| Polaris Capital Management, LLC | Reduced | -68.7k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -62.2k |
| Boston Trust Walden Corp | Reduced | -57.6k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -50.0k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
| AMERICAN CENTURY INVESTMENT MANAGEMENT INC 13G · institution new · filed 2026-02-13 | 5.2% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution filed 2025-10-09 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q4 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 1 | $2.2m | — |
| Q2 2024 | 0 | — | 1 | $4.7m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 1 | $7.2m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $8.3m | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 6.7m $445.8m | Reduced -5.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 6.2m $413.2m | Reduced -83.8k |
| AMERICAN CENTURY COMPANIES INC 0.11% of their portfolio | 3.2m $212.5m | Added +108.2k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 3.2m $211.1m | Reduced -28.9k |
| STATE STREET CORP 0.01% of their portfolio | 2.5m $163.6m | Reduced -13.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.3m $151.3m | Added +46.0k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 1.7m $112.4m | Added +670.6k |
| Azora Capital LP 6.38% of their portfolio | 1.5m $101.3m | Added +396.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.4m $95.4m | Added +9.5k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 1.4m $90.6m | Added +93.6k |
| Boston Trust Walden Corp 0.60% of their portfolio | 1.2m $79.2m | Reduced -57.6k |
| REINHART PARTNERS, LLC. 1.47% of their portfolio | 739.3k $49.1m | Added +72.0k |
| Tamar Securities, LLC 5.19% of their portfolio | 738.4k $49.1m | Added +5.5k |
| NORGES BANK 0.00% of their portfolio | 686.3k $45.6m | Not comparable |
| NORTHERN TRUST CORP 0.01% of their portfolio | 646.5k $43.0m | Reduced -46.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 590.3k $39.2m | Added +48.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 553.6k $36.8m | Reduced -50.0k |
| ProShare Advisors LLC 0.06% of their portfolio | 502.8k $33.4m | Reduced -13.5k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 501.6k $33.3m | Reduced -113.4k |
| Polaris Capital Management, LLC 2.63% of their portfolio | 477.3k $31.7m | Reduced -68.7k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 451.9k $30.0m | Reduced -26.7k |
| PANAGORA ASSET MANAGEMENT INC 0.09% of their portfolio | 388.1k $25.8m | Added +16.8k |
| MORGAN STANLEY 0.00% of their portfolio | 300.6k $20.0m | Added +50.7k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 274.0k $18.2m | Added +49.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 268.7k $17.9m | Added +219.6k |
| Invesco Ltd. 0.00% of their portfolio | 267.5k $17.8m | Added +6.2k |
| SOL Capital Management CO 1.20% of their portfolio | 200.3k $13.3m | Reduced -300 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 169.2k $11.2m | Reduced -252.6k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 166.6k $11.1m | Reduced -17.8k |
| Kovack Advisors, Inc. 0.47% of their portfolio | 150.6k $10.0m | Added +14.5k |
| MALTESE CAPITAL MANAGEMENT LLC 1.70% of their portfolio | 143.8k $9.6m | Added +34.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 133.8k $8.9m | Added +43.5k |
| Brandywine Global Investment Management, LLC 0.06% of their portfolio | 129.6k $8.6m | Reduced -4.8k |
| Eldred Rock Partners, LLC 2.20% of their portfolio | 127.5k $8.5m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 127.4k $8.5m | Added +1.2k |
| UBS Group AG 0.00% of their portfolio | 126.6k $8.4m | Reduced -12.0k |
| Nuveen, LLC 0.00% of their portfolio | 120.7k $8.0m | Reduced -19.2k |
| CSM Advisors, LLC 0.22% of their portfolio | 120.0k $8.0m | Added +6.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 118.9k $7.9m | Added +5.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 117.3k $7.8m | Reduced -4.7k |
| DENALI ADVISORS LLC 0.82% of their portfolio | 111.3k $7.4m | Added +5.4k |
| Swiss National Bank 0.00% of their portfolio | 110.3k $7.3m | Added +1.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 99.4k $6.6m | Added +599 |
| Freestone Grove Partners LP 0.04% of their portfolio | 90.7k $6.0m | Reduced -175.9k |
| Vest Financial, LLC 0.07% of their portfolio | 88.5k $5.9m | Added +11.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 87.6k $5.8m | Added +14.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 84.9k $5.6m | Reduced -531 |
| Legal & General Group Plc 0.00% of their portfolio | 83.1k $5.5m | Reduced -3.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 75.9k $5.0m | Added +4.3k |
| BW Gestao de Investimentos Ltda. 0.16% of their portfolio | 70.0k $4.7m | New |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 69.9k $4.6m | New |
| Retirement Systems of Alabama 0.01% of their portfolio | 64.9k $4.3m | Reduced -473 |
| Elizabeth Park Capital Advisors, Ltd. 3.37% of their portfolio | 61.6k $4.1m | Added +10.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 61.5k $4.1m | Added +20.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 60.8k $4.0m | New |
| GW&K Investment Management, LLC 0.03% of their portfolio | 60.1k $4.0m | Reduced -2.8k |
| Cresta Advisors, Ltd. 1.63% of their portfolio | 58.6k $3.9m | Reduced -1.7k |
| MetLife Investment Management, LLC 0.02% of their portfolio | 56.0k $3.7m | Reduced -2.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 55.0k $3.7m | Reduced -2.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 51.6k $3.4m | Reduced -47 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 49.6k $3.3m | Reduced -1.4k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 48.9k $3.2m | Reduced -1.5k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 48.7k $3.2m | Added +13 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 47.3k $3.1m | Reduced -46.4k |
| Siena Capital Partners GP, LLC 0.82% of their portfolio | 45.7k $3.0m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 45.5k $3.0m | Added +1.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 45.0k $3.0m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 44.4k $2.9m | Added +1.6k |
| Westover Capital Advisors, LLC 0.53% of their portfolio | 43.4k $2.9m | Reduced -759 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 41.4k $2.8m | Reduced -2.6k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.02% of their portfolio | 39.7k $2.6m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 36.4k $2.4m | Added +2.8k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 36.1k $2.4m | New |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 34.0k $2.3m | New |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 31.6k $2.1m | Reduced -6.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 31.6k $2.1m | Added +12.2k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 31.1k $2.1m | Reduced -61 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 29.9k $2.0m | Reduced -7.6k |
| INTECH INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 28.3k $1.9m | Unchanged |
| Engineers Gate Manager LP 0.02% of their portfolio | 27.1k $1.8m | Added +20.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 25.4k $1.7m | Added +1 |
| Quantinno Capital Management LP 0.00% of their portfolio | 25.3k $1.7m | Added +15.9k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 24.1k $1.6m | Unchanged |
| Fieldview Capital Management, LLC 0.27% of their portfolio | 23.5k $1.6m | Added +14.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 23.3k $1.5m | Added +3.7k |
| AMALGAMATED BANK 0.01% of their portfolio | 22.8k $1.5m | Reduced -956 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 22.5k $1.5m | Reduced -2.5k |
| DIVERSIFIED TRUST CO 0.03% of their portfolio | 22.1k $1.5m | Added +848 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 22.1k $1.5m | Reduced -304 |
| Susquehanna Portfolio Strategies, LLC 0.02% of their portfolio | 21.2k $1.4m | Unchanged |
| AlphaQuest LLC 0.08% of their portfolio | 20.9k $1.4m | Added +9.6k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 20.8k $1.4m | Reduced -889 |
| HANCOCK WHITNEY CORP 0.02% of their portfolio | 20.5k $1.4m | Added +199 |
| Horizon Investments, LLC 0.02% of their portfolio | 20.5k $1.4m | Reduced -2.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 20.0k $1.3m | Reduced -2.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 19.9k $1.3m | Added +116 |
| WINTON GROUP Ltd 0.04% of their portfolio | 18.4k $1.2m | Added +196 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 18.3k $1.2m | Added +6.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 18.0k $1.2m | Reduced -4.0k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.01% of their portfolio | 17.6k $1.2m | Unchanged |