Vault-13

ISHARES TR TIP

TIPS BD ETF · ETP · CUSIP 464287176 · ISIN US4642871762

1,107 institutional holders -2 vs Q3 2023
123,147,425123.1m shares reported held*
$13.0bnreported value*
85 new 227 added 608 reduced 140 sold out net sold ≈ $770.9m (-7.1m shares)

* 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 ($26.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $105.92. Options: 9 managers hold calls ($347.1m notional), 7 hold puts ($33.9m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,226Q4 22: 1,224Q1 23: 1,119Q2 23: 1,080Q3 23: 1,109Q4 23: 1,1071,107Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20221,226
Q4 20221,224
Q1 20231,119
Q2 20231,080
Q3 20231,109
Q4 20231,107

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ4 22: 332 bought or addedQ4 22: 807 cut or sold outQ4 22Q1 23: 303 bought or addedQ1 23: 752 cut or sold outQ1 23Q2 23: 326 bought or addedQ2 23: 648 cut or sold outQ2 23Q3 23: 447 bought or addedQ3 23: 589 cut or sold outQ3 23Q4 23: 312 bought or addedQ4 23: 748 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022332807
Q1 2023303752
Q2 2023326648
Q3 2023447589
Q4 2023312748

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1bn$2bn$3bnQ1 23 calls: $2.1bnQ1 23 puts: $12.5mQ1 23P/C 0.01Q2 23 calls: $2.8bnQ2 23 puts: $120.7mQ2 23P/C 0.04Q3 23 calls: $365.7mQ3 23 puts: $14.9mQ3 23P/C 0.04Q4 23 calls: $347.1mQ4 23 puts: $33.9mQ4 23P/C 0.10
Numbers
QuarterCallsPutsP/C
Q1 2023$2.1bn$12.5m0.01
Q2 2023$2.8bn$120.7m0.04
Q3 2023$365.7m$14.9m0.04
Q4 2023$347.1m$33.9m0.10

Biggest buyers

MORGAN STANLEY Added +4,130,835+4.1m
JPMORGAN CHASE & CO Added +2,503,232+2.5m
SUMITOMO LIFE INSURANCE CO New +632,503+632.5k
BlackRock Inc. Added +629,034+629.0k
3EDGE Asset Management, LP New +586,151+586.2k
FIL Ltd Added +371,949+371.9k
Man Group plc New +304,641+304.6k
Pacific Life Fund Advisors LLC New +254,097+254.1k
Janney Montgomery Scott LLC New +229,790+229.8k
Arbor Investment Advisors, LLC Added +228,776+228.8k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -2,129,416-2.1m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,946,604-1.9m
ASSETMARK, INC Reduced -1,861,713-1.9m
OSAIC HOLDINGS, INC. Reduced -962,209-962.2k
Empower Advisory Group, LLC Reduced -843,783-843.8k
Perella Weinberg Partners Capital Management LP Sold out -584,655-584.7k
LPL Financial LLC Reduced -499,281-499.3k
EVOKE WEALTH, LLC Sold out -442,149-442.1k
ING GROEP NV Sold out -392,100-392.1k
CI INVESTMENTS INC. Reduced -384,150-384.1k

Biggest calls

UBS Group AG Reduced $225.8m2.1m shares
BW Gestao de Investimentos Ltda. New $64.5m600.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $25.0m232.9k shares
WOLVERINE TRADING, LLC Reduced $14.0m130.5k shares
GTS SECURITIES LLC Reduced $9.8m91.0k shares
Brevan Howard Capital Management LP Reduced $6.9m64.2k shares
Banco BTG Pactual S.A. Unchanged $861.0k8.0k shares
CITADEL ADVISORS LLC Added $204.2k1.9k shares
Cutler Group LLC / CA Reduced $29.0k3.3k shares

Biggest puts

BANK OF AMERICA CORP /DE/ New $14.0m130.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.0m111.3k shares
Point72 Asset Management, L.P. New $2.7m25.5k shares
GTS SECURITIES LLC Reduced $2.5m23.2k shares
WOLVERINE TRADING, LLC Added $2.4m21.9k shares
CITADEL ADVISORS LLC Added $290.2k2.7k shares
Cutler Group LLC / CA Reduced $01.3k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.09% of their portfolio New York, NY 32,565,32932.6m $3.5bn $3.5bn 0.09% Added +629.0k +629,034
2 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 12,063,82212.1m $1.3bn $1.3bn 0.15% Reduced -2.1m -2,129,416
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 10,013,55610.0m $1.1bn $1.1bn 0.05% Added +4.1m +4,130,835
4 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 8,080,8868.1m $868.6m $868.6m 0.04% Added +2.5m +2,503,232
5 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio SAN FRANCISCO, CA 3,609,9973.6m $388.0m $388.0m 0.10% Reduced -106.7k -106,683
6 FMR LLC 0.03% of their portfolio BOSTON, MA 3,386,2903.4m $364.0m $364.0m 0.03% Reduced -56.7k -56,717
7 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 3,089,6553.1m $332.1m $332.1m 0.14% Reduced -1.9m -1,946,604
8 Rock Creek Group LLC 8.68% of their portfolio Washington, DC 2,756,3612.8m $60.1m $60.1m 8.68% Unchanged
9 UBS Group AG 0.08% of their portfolio ZURICH, V8 1,864,6481.9m $200.4m $200.4m 0.08% Reduced -261.1k -261,052
10 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 1,655,7471.7m $178.0m $178.0m 0.11% Reduced -499.3k -499,281
11 Matson Money. Inc. 4.80% of their portfolio MASON, OH 1,307,7421.3m $140.6m $140.6m 4.80% Reduced -20.2k -20,170
12 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 1,298,1761.3m $139.5m $139.5m 0.04% Reduced -382.2k -382,175
13 WealthNavi Inc. 1.76% of their portfolio Shinagawa-ku, TOKYO, M0 1,128,4131.1m $121.3m $121.3m 1.76% Reduced -124.5k -124,513
14 FIL Ltd 0.13% of their portfolio HAMILTON, D0 1,110,1931.1m $119.3m $119.3m 0.13% Added +371.9k +371,949
15 PNC Financial Services Group, Inc. 0.09% of their portfolio Pittsburgh, PA 1,029,3181.0m $110.6m $110.6m 0.09% Reduced -281.5k -281,507
16 Bank Julius Baer & Co. Ltd, Zurich 0.46% of their portfolio ZURICH, V8 1,009,6151.0m $108.5m $108.5m 0.46% Reduced -18.1k -18,051
17 CI INVESTMENTS INC. 0.55% of their portfolio TORONTO, Z4 984,400984.4k $105.8m $105.8m 0.55% Reduced -384.1k -384,150
18 PARTNERS CAPITAL INVESTMENT GROUP, LLP 2.30% of their portfolio BOSTON, MA 974,795974.8k $104.8m $104.8m 2.30% Reduced -84.8k -84,787
19 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 931,657931.7k $102.2m $102.2m 0.03% Reduced -195.5k -195,527
20 OSAIC HOLDINGS, INC. 0.15% of their portfolio SCOTTSDALE, AZ 803,251803.3k $86.4m $86.4m 0.15% Reduced -962.2k -962,209
21 KEYBANK NATIONAL ASSOCIATION/OH 0.35% of their portfolio BROOKLYN, OH 731,189731.2k $78.6m $78.6m 0.35% Reduced -88.7k -88,704
22 Qube Research & Technologies Ltd 0.17% of their portfolio LONDON, X0 683,587683.6k $73.5m $73.5m 0.17% Reduced -323.7k -323,652
23 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 636,109636.1k $68.4m $68.4m 0.02% Reduced -122.9k -122,890
24 SUMITOMO LIFE INSURANCE CO 2.11% of their portfolio TOKYO, M0 632,503632.5k $68.0m $68.0m 2.11% New
25 3EDGE Asset Management, LP 4.90% of their portfolio Naples, FL 586,151586.2k $63.0m $63.0m 4.90% New
26 CWM, LLC 0.32% of their portfolio OMAHA, NE 551,188551.2k $59.2m $59.2m 0.32% Reduced -52.0k -51,963
27 Campbell Wealth Management 6.45% of their portfolio ALEXANDRIA, VA 506,023506.0k $54.4m $54.4m 6.45% Added +9.9k +9,857
28 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 462,347462.3k $49.7m $49.7m 0.06% Reduced -274.4k -274,350
29 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 449,549449.5k $48.3m $48.3m 0.09% Reduced -158.3k -158,324
30 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 421,967422.0k $45.4m $45.4m 0.05% Reduced -76.6k -76,565
31 Pictet Asset Management Holding SA 0.04% of their portfolio CAROUGE, V8 363,400363.4k $39.1m $39.1m 0.04% Added +170.6k +170,600
32 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 354,984355.0k $38.2m $38.2m 0.01% Reduced -123.4k -123,377
33 VIEWPOINT INVESTMENT PARTNERS CORP 26.44% of their portfolio CALGARY, A0 352,800352.8k $37.9m $37.9m 26.44% Added +85.5k +85,500
34 Kiwi Wealth Investments Limited Partnership 28.68% of their portfolio WELLINGTON, Q2 336,724336.7k $36.2m $36.2m 28.68% Unchanged
35 MML INVESTORS SERVICES, LLC 0.16% of their portfolio SPRINGFIELD, MA 326,199326.2k $35.1m $35.1m 0.16% Reduced -168.9k -168,904
36 BALDWIN WEALTH PARTNERS LLC/MA 2.71% of their portfolio Marion, MA 320,432320.4k $34.4m $34.4m 2.71% Added +51.1k +51,104
37 HUNTINGTON NATIONAL BANK 0.30% of their portfolio COLUMBUS, OH 307,655307.7k $33.1m $33.1m 0.30% Reduced -16.4k -16,377
38 Man Group plc 0.09% of their portfolio LONDON, X0 304,641304.6k $32.7m $32.7m 0.09% New
39 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 304,461304.5k $32.7m $32.7m 0.05% Reduced -100.7k -100,743
40 Dakota Wealth Management 1.22% of their portfolio PALM BEACH GARDENS, FL 291,708291.7k $31.4m $31.4m 1.22% Reduced -7.6k -7,567
41 Rockefeller Capital Management L.P. 0.10% of their portfolio NEW YORK, NY 290,203290.2k $31.2m $31.2m 0.10% Added +24.1k +24,086
42 PRUDENTIAL FINANCIAL INC 0.05% of their portfolio NEWARK, NJ 287,984288.0k $31.0m $31.0m 0.05% Added +138.3k +138,258
43 Money Design Co.,Ltd. 1.72% of their portfolio TOKYO, M0 284,270284.3k $30.6m $30.6m 1.72% Added +50.3k +50,318
44 Envestnet Portfolio Solutions, Inc. 0.12% of their portfolio BERWYN, PA 276,126276.1k $29.7m $29.7m 0.12% Reduced -270.9k -270,895
45 ARKANSAS FINANCIAL GROUP, INC. 5.37% of their portfolio LITTLE ROCK, AR 270,313270.3k $29.1m $29.1m 5.37% Reduced -20.0k -20,016
46 One Capital Management, LLC 1.12% of their portfolio WESTLAKE VILLAGE, CA 263,527263.5k $28.3m $28.3m 1.12% Added +71.8k +71,797
47 ASSETMARK, INC 0.10% of their portfolio CONCORD, CA 259,689259.7k $27.9m $27.9m 0.10% Reduced -1.9m -1,861,713
48 REBALANCE, LLC 2.39% of their portfolio PALO ALTO, CA 255,432255.4k $27.5m $27.5m 2.39% Reduced -21.7k -21,743
49 Pacific Life Fund Advisors LLC 2.73% of their portfolio NEWPORT BEACH, CA 254,097254.1k $27.3m $27.3m 2.73% New
50 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 252,085252.1k $27.1m $27.1m 0.12% Reduced -7.1k -7,119
51 Arbor Investment Advisors, LLC 4.19% of their portfolio WINSTON SALEM, NC 249,147249.1k $26.8m $26.8m 4.19% Added +228.8k +228,776
52 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 247,134247.1k $26.5m $26.5m 0.04% Added +39.8k +39,816
53 KWMG, LLC 2.97% of their portfolio OVERLAND PARK, KS 236,147236.1k $25.4m $25.4m 2.97% Reduced -472 -472
54 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 229,790229.8k $24.7m $24.7m 0.08% New
55 OneDigital Investment Advisors LLC 0.42% of their portfolio OVERLAND PARK, KS 225,138225.1k $24.2m $24.2m 0.42% Added +22.3k +22,302
56 Cetera Advisor Networks LLC 0.13% of their portfolio EL SEGUNDO, CA 220,707220.7k $23.7m $23.7m 0.13% Reduced -66.5k -66,535
57 Mariner, LLC 0.06% of their portfolio Overland Park, KS 218,574218.6k $23.5m $23.5m 0.06% Reduced -30.0k -29,990
58 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 218,449218.4k $23.5m $23.5m 0.04% Reduced -18.5k -18,454
59 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 207,607207.6k $22.3m $22.3m 0.06% Added +149.5k +149,546
60 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 202,039202.0k $21.7m $21.7m 0.02% Reduced -127.1k -127,104
61 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 201,958202.0k $21.7m $21.7m 0.04% New
62 AE Wealth Management LLC 0.11% of their portfolio TOPEKA, KS 200,626200.6k $21.4m $21.4m 0.11% Reduced -27.6k -27,638
63 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 194,949194.9k $21.0m $21.0m 0.02% Added +647 +647
64 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 193,861193.9k $20.8m $20.8m 0.04% Added +25.5k +25,463
65 Empower Advisory Group, LLC 0.08% of their portfolio Greenwood Village, CO 192,945192.9k $20.7m $20.7m 0.08% Reduced -843.8k -843,783
66 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 181,483181.5k $19.5m $19.5m 0.02% Reduced -1.1k -1,092
67 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 181,407181.4k $19.5m $19.5m 0.00% Added +2.8k +2,805
68 GenTrust, LLC 1.29% of their portfolio MIAMI, FL 181,142181.1k $19.5m $19.5m 1.29% Added +16.0k +15,990
69 TD Waterhouse Canada Inc. 0.22% of their portfolio TORONTO, A6 177,974178.0k $23.8m $23.8m 0.22% Reduced -125 -125
70 Alera Investment Advisors, LLC 2.42% of their portfolio DEERFIELD, IL 171,912171.9k $18.5m $18.5m 2.42% New
71 NinePointTwo Capital LLC 7.17% of their portfolio LOS ANGELES, CA 168,000168.0k $18.1m $18.1m 7.17% New
72 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 164,860164.9k $17.7m $17.7m 0.03% Reduced -18.0k -17,998
73 Pure Financial Advisors, LLC 0.59% of their portfolio SAN DIEGO, CA 159,311159.3k $17.1m $17.1m 0.59% Reduced -10.4k -10,443
74 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 150,413150.4k $16.2m $16.2m 0.05% Added +32.6k +32,584
75 Prime Capital Investment Advisors, LLC 0.24% of their portfolio OVERLAND PARK, KS 148,497148.5k $16.0m $16.0m 0.24% Reduced -30.9k -30,897
76 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 144,541144.5k $15.5m $15.5m 0.13% Reduced -99.6k -99,631
77 Cyndeo Wealth Partners, LLC 1.43% of their portfolio ST. PETERSBURG, FL 143,791143.8k $15.5m $15.5m 1.43% Reduced -18.3k -18,262
78 Lutz Financial Services LLC 1.43% of their portfolio OMAHA, NE 141,355141.4k $15.2m $15.2m 1.43% Reduced -23.9k -23,949
79 CIM, LLC 2.25% of their portfolio ALBANY, NY 136,312136.3k $14.4m $14.4m 2.25% Added +3.5k +3,495
80 Heartwood Wealth Advisors LLC 1.91% of their portfolio RICHMOND, VA 133,396133.4k $14.3m $14.3m 1.91% New
81 LWMG, LLC 3.33% of their portfolio LAKE ELMO, MN 126,269126.3k $13.6m $13.6m 3.33% Added +4.2k +4,240
82 FULTON BREAKEFIELD BROENNIMAN LLC 1.04% of their portfolio Bethesda, MD 120,089120.1k $12.9m $12.9m 1.04% Reduced -13.1k -13,059
83 Insight Wealth Strategies, LLC 2.08% of their portfolio SAN RAMON, CA 119,912119.9k $12.9m $12.9m 2.08% Added +11.3k +11,283
84 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 119,050119.0k $12.8m $12.8m 0.02% Reduced -56.0k -56,012
85 DORVAL Corp 5.99% of their portfolio MAPLE GROVE, MN 116,227116.2k $12.5m $12.5m 5.99% First filing
86 Charles Schwab Trust Co 1.23% of their portfolio HENDERSON, NV 115,698115.7k $12.4m $12.4m 1.23% Reduced -563 -563
87 Ethos Financial Group, LLC 2.64% of their portfolio KING OF PRUSSIA, PA 115,464115.5k $12.4m $12.4m 2.64% Added +5.5k +5,543
88 Atria Wealth Solutions, Inc. 0.15% of their portfolio NEW YORK, NY 110,733110.7k $11.9m $11.9m 0.15% Reduced -42.8k -42,793
89 RTD Financial Advisors, Inc. 1.67% of their portfolio Philadelphia, PA 110,434110.4k $11.9m $11.9m 1.67% Reduced -3.3k -3,266
90 TOWNSQUARE CAPITAL LLC 0.20% of their portfolio Lehi, UT 109,338109.3k $11.8m $11.8m 0.20% Reduced -34.2k -34,184
91 Kestra Advisory Services, LLC 0.09% of their portfolio AUSTIN, TX 108,837108.8k $11.7m $11.7m 0.09% Reduced -11.7k -11,746
92 Rathbones Group PLC 0.07% of their portfolio Liverpool, X0 107,812107.8k $11.6m $11.6m 0.07% Added +19.3k +19,348
93 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 107,717107.7k $11.6m $11.6m 0.04% Reduced -22.9k -22,909
94 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 107,396107.4k $11.5m $11.5m 0.02% Reduced -60.4k -60,392
95 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 105,640105.6k $11.4m $11.4m 0.02% Reduced -7.3k -7,307
96 D.A. DAVIDSON & CO. 0.11% of their portfolio GREAT FALLS, MT 103,923103.9k $11.2m $11.2m 0.11% Reduced -7.9k -7,897
97 MGO ONE SEVEN LLC 0.64% of their portfolio Beachwood, OH 102,897102.9k $11.1m $11.1m 0.64% Reduced -871 -871
98 Spire Wealth Management 0.36% of their portfolio MCLEAN, VA 102,628102.6k $11.0m $11.0m 0.36% Reduced -23.4k -23,393
99 Frontier Asset Management, LLC 4.14% of their portfolio SHERIDAN, WY 102,205102.2k $11.0m $11.0m 4.14% Reduced -11.6k -11,565
100 Cypress Capital, LLC 3.12% of their portfolio FRANKLIN, TN 102,057102.1k $11.0m $11.0m 3.12% Reduced -3.6k -3,568