Vault-13

ISHARES TR TIP

TIPS BD ETF · ETP · CUSIP 464287176 · ISIN US4642871762

1,022 institutional holders +55 vs Q3 2024
93,865,58193.9m shares reported held*
$8.3bnreported value*
72 new 276 added 444 reduced 80 sold out net sold ≈ $3.8bn (-23.6m 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 ($10.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $88.06. Options: 10 managers hold calls ($146.6m notional), 6 hold puts ($49.3m).

Trends to Q4 2024

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: 1,107Q1 24: 1,049Q2 24: 1,031Q3 24: 967Q4 24: 1,0221,022Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 20221,226
Q4 20221,224
Q1 20231,119
Q2 20231,080
Q3 20231,109
Q4 20231,107
Q1 20241,049
Q2 20241,031
Q3 2024967
Q4 20241,022

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 23: 303 bought or addedQ1 23: 752 cut or sold outQ2 23: 326 bought or addedQ2 23: 648 cut or sold outQ2 23Q3 23: 447 bought or addedQ3 23: 589 cut or sold outQ4 23: 312 bought or addedQ4 23: 748 cut or sold outQ4 23Q1 24: 333 bought or addedQ1 24: 658 cut or sold outQ2 24: 415 bought or addedQ2 24: 560 cut or sold outQ2 24Q3 24: 287 bought or addedQ3 24: 612 cut or sold outQ4 24: 348 bought or addedQ4 24: 524 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023303752
Q2 2023326648
Q3 2023447589
Q4 2023312748
Q1 2024333658
Q2 2024415560
Q3 2024287612
Q4 2024348524

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ1 24 calls: $46.6mQ1 24 puts: $17.9mQ1 24P/C 0.39Q2 24 calls: $33.1mQ2 24 puts: $19.7mQ2 24P/C 0.60Q3 24 calls: $170.5mQ3 24 puts: $161.0mQ3 24P/C 0.94Q4 24 calls: $146.6mQ4 24 puts: $49.3mQ4 24P/C 0.34
Numbers
QuarterCallsPutsP/C
Q1 2024$46.6m$17.9m0.39
Q2 2024$33.1m$19.7m0.60
Q3 2024$170.5m$161.0m0.94
Q4 2024$146.6m$49.3m0.34

Biggest buyers

Vinland Capital Management Gestora de Recursos LTDA. New +14,394,905+14.4m
ASSETMARK, INC Added +1,378,094+1.4m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +1,014,735+1.0m
FMR LLC Added +739,540+739.5k
SUMITOMO LIFE INSURANCE CO Added +536,610+536.6k
FIL Ltd Added +518,387+518.4k
Dynasty Wealth Management, LLC New +398,524+398.5k
CITADEL ADVISORS LLC Added +337,324+337.3k
MARSHALL WACE, LLP Added +306,340+306.3k
SG Americas Securities, LLC Added +272,866+272.9k

Biggest sellers

BlackRock, Inc. Reduced -28,027,082-28.0m
JPMORGAN CHASE & CO Reduced -5,142,996-5.1m
HSBC HOLDINGS PLC Reduced -3,641,777-3.6m
Mitsubishi UFJ Trust & Banking Corp Sold out -1,800,000-1.8m
Man Group plc Reduced -1,154,553-1.2m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -694,170-694.2k
MORGAN STANLEY Reduced -531,221-531.2k
3EDGE Asset Management, LP Reduced -410,036-410.0k
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Reduced -398,804-398.8k
UBS Group AG Reduced -291,099-291.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $50.1m470.5k shares
CITADEL ADVISORS LLC Added $42.7m400.5k shares
Walleye Trading LLC Unchanged $28.6m268.7k shares
WOLVERINE TRADING, LLC Reduced $8.7m82.0k shares
BANK OF AMERICA CORP /DE/ New $8.0m75.0k shares
THOMPSON SIEGEL & WALMSLEY LLC New $4.4m20.0k shares
JANE STREET GROUP, LLC Reduced $1.4m13.2k shares
Squarepoint Ops LLC New $1.4m12.9k shares
SIG BROKERAGE, LP First filing $1.1m10.0k shares
Vinland Capital Management Gestora de Recursos LTDA. New $153.7k16.4m shares

Biggest puts

CITADEL ADVISORS LLC Added $41.8m392.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.8m26.4k shares
Squarepoint Ops LLC New $1.9m17.7k shares
WOLVERINE TRADING, LLC Reduced $1.5m14.5k shares
SIG BROKERAGE, LP First filing $1.1m10.0k shares
Vinland Capital Management Gestora de Recursos LTDA. New $156.0k16.6m 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Vinland Capital Management Gestora de Recursos LTDA. 13.98% of their portfolio SAO PAULO, D5 14,394,90514.4m $135.1k $135.1k 13.98% New
2 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 11,716,83811.7m $1.2bn $1.2bn 0.12% Added +10.0k +9,985
3 FMR LLC 0.05% of their portfolio BOSTON, MA 7,729,9857.7m $823.6m $823.6m 0.05% Added +739.5k +739,540
4 BlackRock, Inc. 0.02% of their portfolio New York, NY 7,729,9487.7m $823.6m $823.6m 0.02% Reduced -28.0m -28,027,082
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 4,055,6854.1m $432.1m $432.1m 0.03% Reduced -531.2k -531,221
6 Rock Creek Group LLC 6.48% of their portfolio Washington, DC 2,764,3102.8m $61.6m $61.6m 6.48% Added +18.9k +18,908
7 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 2,020,0382.0m $215.2m $215.2m 0.07% Reduced -97.1k -97,092
8 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,539,0761.5m $164.0m $164.0m 0.04% Reduced -291.1k -291,099
9 SUMITOMO LIFE INSURANCE CO 2.94% of their portfolio TOKYO, M0 1,461,7461.5m $155.7m $155.7m 2.94% Added +536.6k +536,610
10 ASSETMARK, INC 0.42% of their portfolio CONCORD, CA 1,452,5021.5m $154.8m $154.8m 0.42% Added +1.4m +1,378,094
11 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,103,8981.1m $117.6m $117.6m 0.05% Added +52.5k +52,479
12 EVOKE WEALTH, LLC 3.27% of their portfolio Los Angeles, CA 1,101,0201.1m $117.3m $117.3m 3.27% Reduced -7.1k -7,060
13 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio Toronto, A6 1,044,4401.0m $111.3m $111.3m 0.10% Added +1.0m +1,014,735
14 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 992,192992.2k $105.7m $105.7m 0.03% Reduced -24.1k -24,137
15 FIL Ltd 0.09% of their portfolio HAMILTON, D0 946,857946.9k $100.9m $100.9m 0.09% Added +518.4k +518,387
16 CI INVESTMENTS INC. 0.36% of their portfolio TORONTO, Z4 905,900905.9k $96.5m $96.5m 0.36% Unchanged
17 Bank Julius Baer & Co. Ltd, Zurich 0.32% of their portfolio ZURICH, V8 893,256893.3k $105.0m $105.0m 0.32% Added +58.1k +58,066
18 MARSHALL WACE, LLP 0.11% of their portfolio LONDON, X0 845,710845.7k $90.1m $90.1m 0.11% Added +306.3k +306,340
19 WealthNavi Inc. 1.04% of their portfolio Shinagawa-ku, TOKYO, M0 841,524841.5k $89.7m $89.7m 1.04% Reduced -42.5k -42,520
20 3EDGE Asset Management, LP 5.22% of their portfolio Naples, FL 794,973795.0k $84.7m $84.7m 5.22% Reduced -410.0k -410,036
21 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 669,569669.6k $71.4m $71.4m 0.02% Reduced -16.6k -16,600
22 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 618,876618.9k $65.9m $65.9m 0.01% Reduced -5.1m -5,142,996
23 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 599,446599.4k $63.9m $63.9m 0.04% Reduced -87.5k -87,528
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 589,521589.5k $62.8m $62.8m 0.01% Added +68.1k +68,051
25 KEYBANK NATIONAL ASSOCIATION/OH 0.24% of their portfolio BROOKLYN, OH 583,887583.9k $62.2m $62.2m 0.24% Reduced -16.5k -16,538
26 PARTNERS CAPITAL INVESTMENT GROUP, LLP 1.66% of their portfolio BOSTON, MA 567,366567.4k $60.5m $60.5m 1.66% Reduced -694.2k -694,170
27 BALDWIN WEALTH PARTNERS LLC/MA 3.16% of their portfolio Marion, MA 429,183429.2k $45.7m $45.7m 3.16% Added +147.8k +147,849
28 Pictet Asset Management Holding SA 0.05% of their portfolio CAROUGE, V8 428,400428.4k $45.6m $45.6m 0.05% Added +5.9k +5,900
29 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 404,303404.3k $43.1m $43.1m 0.04% Reduced -17.8k -17,817
30 Dynasty Wealth Management, LLC 0.73% of their portfolio ST. PETERSBURG, FL 398,524398.5k $42.5m $42.5m 0.73% New
31 Quotient Wealth Partners, LLC 1.38% of their portfolio DALLAS, TX 394,570394.6k $42.0m $42.0m 1.38% Added +12.1k +12,055
32 Money Design Co.,Ltd. 2.09% of their portfolio TOKYO, M0 381,307381.3k $40.7m $40.7m 2.09% Added +13.6k +13,587
33 VIEWPOINT INVESTMENT PARTNERS CORP 52.84% of their portfolio CALGARY, A0 380,400380.4k $40.5m $40.5m 52.84% Reduced -189.5k -189,500
34 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 372,222372.2k $39.7m $39.7m 0.04% Added +337.3k +337,324
35 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 367,326367.3k $39.1m $39.1m 0.01% Reduced -21.7k -21,741
36 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 347,564347.6k $37.0m $37.0m 0.01% First filing
37 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 339,725339.7k $36.2m $36.2m 0.05% Reduced -13.0k -12,957
38 One Capital Management, LLC 1.17% of their portfolio WESTLAKE VILLAGE, CA 331,740331.7k $35.3m $35.3m 1.17% Reduced -5.3k -5,320
39 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 329,526329.5k $35.1m $35.1m 0.04% Added +11.9k +11,865
40 Arbor Investment Advisors, LLC 4.42% of their portfolio WINSTON SALEM, NC 294,729294.7k $31.4m $31.4m 4.42% Added +5.7k +5,662
41 Federation des caisses Desjardins du Quebec 0.16% of their portfolio LEVIS, A8 292,244292.2k $31.1m $31.1m 0.16% Reduced -6.9k -6,918
42 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 288,596288.6k $30.7m $30.7m 0.03% Added +1.5k +1,459
43 Dakota Wealth Management 0.71% of their portfolio PALM BEACH GARDENS, FL 288,414288.4k $30.7m $30.7m 0.71% Added +3.3k +3,271
44 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 279,246279.2k $29.8m $29.8m 0.06% Reduced -26.5k -26,484
45 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 278,055278.1k $29.6m $29.6m 0.04% Added +123.0k +123,037
46 SG Americas Securities, LLC 0.13% of their portfolio NEW YORK, NY 273,930273.9k $29.2m $29.2m 0.13% Added +272.9k +272,866
47 MML INVESTORS SERVICES, LLC 0.10% of their portfolio SPRINGFIELD, MA 273,630273.6k $29.2m $29.2m 0.10% Added +68.7k +68,663
48 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 272,037272.0k $29.0m $29.0m 0.08% Reduced -11.9k -11,921
49 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 271,712271.7k $29.0m $29.0m 0.07% Added +22.7k +22,667
50 KWMG, LLC 2.97% of their portfolio OVERLAND PARK, KS 270,834270.8k $28.9m $28.9m 2.97% Added +1.1k +1,124
51 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 267,386267.4k $28.5m $28.5m 0.01% Reduced -196.9k -196,949
52 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 246,426246.4k $26.3m $26.3m 0.09% Reduced -205.8k -205,817
53 Pacific Life Fund Advisors LLC 2.44% of their portfolio NEWPORT BEACH, CA 220,683220.7k $23.5m $23.5m 2.44% Added +82.6k +82,574
54 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 220,020220.0k $23.5m $23.5m 0.01% Reduced -3.6m -3,641,777
55 TD Waterhouse Canada Inc. 0.19% of their portfolio TORONTO, A6 219,664219.7k $23.4m $23.4m 0.19% Added +3.3k +3,278
56 GenTrust, LLC 0.98% of their portfolio MIAMI, FL 211,756211.8k $22.6m $22.6m 0.98% Added +15.6k +15,594
57 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 202,500202.5k $21.6m $21.6m 0.03% Added +153.9k +153,881
58 HUNTINGTON NATIONAL BANK 0.15% of their portfolio COLUMBUS, OH 200,378200.4k $21.4m $21.4m 0.15% Reduced -10.6k -10,611
59 ARKANSAS FINANCIAL GROUP, INC. 3.26% of their portfolio LITTLE ROCK, AR 189,455189.5k $20.2m $20.2m 3.26% Reduced -29.0k -28,994
60 Family Firm, Inc. 2.09% of their portfolio BETHESDA, MD 187,377187.4k $9.4m $9.4m 2.09% Added +970 +970
61 TOWNSQUARE CAPITAL LLC 0.22% of their portfolio Lehi, UT 186,479186.5k $19.9m $19.9m 0.22% Added +21.1k +21,069
62 Cypress Capital, LLC 5.38% of their portfolio FRANKLIN, TN 176,521176.5k $18.8m $18.8m 5.38% Reduced -3.5k -3,455
63 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 159,232159.2k $17.0m $17.0m 0.03% Added +121.7k +121,712
64 DORVAL Corp 6.69% of their portfolio MAPLE GROVE, MN 157,951158.0k $16.8m $16.8m 6.69% Added +8.6k +8,572
65 Strategic Investment Advisors / MI 1.78% of their portfolio FARMINGTON HILLS, MI 157,550157.6k $16.8m $16.8m 1.78% New
66 Pure Financial Advisors, LLC 0.37% of their portfolio SAN DIEGO, CA 152,372152.4k $16.2m $16.2m 0.37% Reduced -4.7k -4,730
67 CIM, LLC 2.27% of their portfolio ALBANY, NY 149,556149.6k $15.9m $15.9m 2.27% Added +2.9k +2,905
68 Graham Capital Management, L.P. 0.49% of their portfolio ROWAYTON, CT 147,812147.8k $15.7m $15.7m 0.49% Added +98.3k +98,312
69 Ethos Financial Group, LLC 2.02% of their portfolio KING OF PRUSSIA, PA 145,520145.5k $15.5m $15.5m 2.02% Added +10.2k +10,180
70 Heartwood Wealth Advisors LLC 1.73% of their portfolio RICHMOND, VA 144,378144.4k $15.4m $15.4m 1.73% Added +256 +256
71 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 143,344143.3k $15.3m $15.3m 0.03% Reduced -12.3k -12,272
72 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 143,100143.1k $15.2m $15.2m 0.01% Added +82.7k +82,700
73 Lutz Financial Services LLC 1.20% of their portfolio OMAHA, NE 139,613139.6k $14.9m $14.9m 1.20% Added +7.9k +7,936
74 Prime Capital Investment Advisors, LLC 0.21% of their portfolio OVERLAND PARK, KS 138,167138.2k $14.7m $14.7m 0.21% Added +9.2k +9,176
75 Man Group plc 0.04% of their portfolio LONDON, X0 136,550136.6k $14.5m $14.5m 0.04% Reduced -1.2m -1,154,553
76 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 126,562126.6k $13.5m $13.5m 0.01% Reduced -10.3k -10,317
77 RTD Financial Advisors, Inc. 1.73% of their portfolio Philadelphia, PA 126,314126.3k $13.5m $13.5m 1.73% Added +2.6k +2,608
78 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 124,078124.1k $13.2m $13.2m 0.02% Reduced -17.0k -17,036
79 Mariner, LLC 0.02% of their portfolio Overland Park, KS 120,789120.8k $12.9m $12.9m 0.02% Added +3.9k +3,898
80 Envestnet Portfolio Solutions, Inc. 0.04% of their portfolio BERWYN, PA 111,889111.9k $11.9m $11.9m 0.04% Reduced -18 -18
81 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 110,951111.0k $11.9m $11.9m 0.02% Reduced -251.3k -251,289
82 BlueSky Wealth Advisors, LLC 1.85% of their portfolio New Bern, NC 110,945110.9k $11.8m $11.8m 1.85% Added +5.7k +5,698
83 Equitable Holdings, Inc. 0.11% of their portfolio NEW YORK, NY 110,083110.1k $11.7m $11.7m 0.11% Added +3.2k +3,185
84 TWIN FOCUS CAPITAL PARTNERS, LLC 1.73% of their portfolio Boston, MA 109,986110.0k $11.7m $11.7m 1.73% Added +6.1k +6,057
85 Net Worth Advisory Group 3.47% of their portfolio SANDY, UT 107,340107.3k $11.4m $11.4m 3.47% Reduced -1.0k -1,031
86 Wealth Forward, LLC 7.68% of their portfolio FARGO, ND 102,104102.1k $10.9m $10.9m 7.68% Added +2.8k +2,762
87 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 101,226101.2k $10.8m $10.8m 0.01% Reduced -12.6k -12,555
88 Buck Wealth Strategies, LLC 2.23% of their portfolio DENVER, CO 100,532100.5k $10.7m $10.7m 2.23% Added +36.9k +36,875
89 MERIDIAN MANAGEMENT CO 2.81% of their portfolio LITTLE ROCK, AR 100,069100.1k $10.7m $10.7m 2.81% Reduced -687 -687
90 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 99,79299.8k $10.6m $10.6m 0.04% Reduced -5.0k -5,000
91 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 99,03599.0k $10.6m $10.6m 0.09% Added +2.5k +2,462
92 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 98,01198.0k $10.5m $10.5m 0.02% Reduced -44.9k -44,882
93 Ted Buchan & Co 4.87% of their portfolio San Diego, CA 96,89796.9k $10.3m $10.3m 4.87% Added +1.1k +1,051
94 TIAA TRUST, NATIONAL ASSOCIATION 0.03% of their portfolio CHARLOTTE, NC 96,80796.8k $10.3m $10.3m 0.03% Added +925 +925
95 Sequent Planning LLC 3.71% of their portfolio OMAHA, NE 94,90594.9k $10.1m $10.1m 3.71% Reduced -12.3k -12,311
96 Sanctuary Advisors, LLC 0.06% of their portfolio INDIANAPOLIS, IN 93,67293.7k $10.1m $10.1m 0.06% Reduced -11.5k -11,509
97 Horizon Investments, LLC 0.28% of their portfolio Charlotte, NC 92,54292.5k $9.9m $9.9m 0.28% Added +907 +907
98 BOKF, NA 0.17% of their portfolio TULSA, OK 92,18192.2k $9.8m $9.8m 0.17% Added +914 +914
99 Verger Capital Management LLC 4.86% of their portfolio Winston-Salem, NC 91,60991.6k $9.8m $9.8m 4.86% Added +416 +416
100 Silver Coast Investments LLC 3.65% of their portfolio SAN DIEGO, X1 90,62190.6k $9.7m $9.7m 3.65% Added +346 +346