Vault-13

ISHARES TR TIP

TIPS BD ETF · ETP · CUSIP 464287176 · ISIN US4642871762

1,009 institutional holders -13 vs Q4 2024
79,703,37079.7m shares reported held*
$8.9bnreported value*
70 new 312 added 412 reduced 76 sold out net bought ≈ $255.7m (-14.3m 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 ($13.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $111.29. Options: 4 managers hold calls ($54.1m notional), 4 hold puts ($70.6m).

Trends to Q1 2025

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: 1,022Q1 25: 1,0091,009Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
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
Q1 20251,009

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 326 bought or addedQ2 23: 648 cut or sold outQ3 23: 447 bought or addedQ3 23: 589 cut or sold outQ3 23Q4 23: 312 bought or addedQ4 23: 748 cut or sold outQ1 24: 333 bought or addedQ1 24: 658 cut or sold outQ1 24Q2 24: 415 bought or addedQ2 24: 560 cut or sold outQ3 24: 287 bought or addedQ3 24: 612 cut or sold outQ3 24Q4 24: 348 bought or addedQ4 24: 524 cut or sold outQ1 25: 382 bought or addedQ1 25: 488 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023326648
Q3 2023447589
Q4 2023312748
Q1 2024333658
Q2 2024415560
Q3 2024287612
Q4 2024348524
Q1 2025382488

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ2 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 0.34Q1 25 calls: $54.1mQ1 25 puts: $70.6mQ1 25P/C 1.31
Numbers
QuarterCallsPutsP/C
Q2 2024$33.1m$19.7m0.60
Q3 2024$170.5m$161.0m0.94
Q4 2024$146.6m$49.3m0.34
Q1 2025$54.1m$70.6m1.31

Biggest buyers

FMR LLC Added +2,283,186+2.3m
FIL Ltd Added +1,508,168+1.5m
Man Group plc Added +940,028+940.0k
3EDGE Asset Management, LP Added +766,851+766.9k
TWO SIGMA INVESTMENTS, LP New +646,100+646.1k
MARTIN & CO INC /TN/ New +590,157+590.2k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +456,633+456.6k
JPMORGAN CHASE & CO Added +320,511+320.5k
AMERIPRISE FINANCIAL INC Added +301,463+301.5k
BANK OF NOVA SCOTIA New +300,000+300.0k

Biggest sellers

Vinland Capital Management Gestora de Recursos LTDA. Reduced -14,394,905-14.4m
BlackRock, Inc. Reduced -5,600,802-5.6m
Rock Creek Group LLC Reduced -2,465,889-2.5m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -1,001,136-1.0m
CITADEL ADVISORS LLC Sold out -372,222-372.2k
ASSETMARK, INC Reduced -198,630-198.6k
HSBC HOLDINGS PLC Reduced -158,461-158.5k
MARSHALL WACE, LLP Reduced -157,400-157.4k
Graham Capital Management, L.P. Sold out -147,812-147.8k
JANE STREET GROUP, LLC Reduced -140,932-140.9k

Biggest calls

Vinland Capital Management Gestora de Recursos LTDA. Reduced $38.5m348.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $14.0m126.4k shares
CITADEL ADVISORS LLC Reduced $966.5k8.7k shares
JANE STREET GROUP, LLC Reduced $533.2k4.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $41.2m371.0k shares
Vinland Capital Management Gestora de Recursos LTDA. Reduced $28.5m258.1k shares
JANE STREET GROUP, LLC New $744.3k6.7k shares
CITADEL ADVISORS LLC Reduced $177.7k1.6k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 11,683,96011.7m $1.3bn $1.3bn 0.12% Reduced -32.9k -32,878
2 FMR LLC 0.07% of their portfolio BOSTON, MA 10,013,17110.0m $1.1bn $1.1bn 0.07% Added +2.3m +2,283,186
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,925,6293.9m $436.1m $436.1m 0.03% Reduced -130.1k -130,056
4 FIL Ltd 0.26% of their portfolio HAMILTON, D0 2,455,0252.5m $272.7m $272.7m 0.26% Added +1.5m +1,508,168
5 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 2,161,7412.2m $240.1m $240.1m 0.08% Added +141.7k +141,703
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,129,1462.1m $236.5m $236.5m 0.00% Reduced -5.6m -5,600,802
7 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,636,3531.6m $181.8m $181.8m 0.04% Added +97.3k +97,277
8 SUMITOMO LIFE INSURANCE CO 6.39% of their portfolio TOKYO, M0 1,607,7331.6m $178.6m $178.6m 6.39% Added +146.0k +145,987
9 3EDGE Asset Management, LP 11.80% of their portfolio Naples, FL 1,561,8241.6m $173.4m $173.4m 11.80% Added +766.9k +766,851
10 ASSETMARK, INC 0.38% of their portfolio CONCORD, CA 1,253,8721.3m $139.3m $139.3m 0.38% Reduced -198.6k -198,630
11 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,138,7641.1m $126.5m $126.5m 0.05% Added +34.9k +34,866
12 EVOKE WEALTH, LLC 3.18% of their portfolio Los Angeles, CA 1,097,0311.1m $121.9m $121.9m 3.18% Reduced -4.0k -3,989
13 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,084,8711.1m $120.5m $120.5m 0.03% Added +92.7k +92,679
14 Man Group plc 0.36% of their portfolio LONDON, X0 1,076,5781.1m $119.6m $119.6m 0.36% Added +940.0k +940,028
15 PARTNERS CAPITAL INVESTMENT GROUP, LLP 1.92% of their portfolio BOSTON, MA 1,023,9991.0m $113.8m $113.8m 1.92% Added +456.6k +456,633
16 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 971,032971.0k $108.4m $108.4m 0.03% Added +301.5k +301,463
17 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 939,387939.4k $104.4m $104.4m 0.01% Added +320.5k +320,511
18 CI INVESTMENTS INC. 0.40% of their portfolio TORONTO, Z4 852,000852.0k $94.6m $94.6m 0.40% Reduced -53.9k -53,900
19 Bank Julius Baer & Co. Ltd, Zurich 0.30% of their portfolio ZURICH, V8 826,301826.3k $91.8m $91.8m 0.30% Reduced -67.0k -66,955
20 WealthNavi Inc. 0.99% of their portfolio Shinagawa-ku, TOKYO, M0 797,453797.5k $88.6m $88.6m 0.99% Reduced -44.1k -44,071
21 MARSHALL WACE, LLP 0.10% of their portfolio LONDON, X0 688,310688.3k $76.5m $76.5m 0.10% Reduced -157.4k -157,400
22 VIEWPOINT INVESTMENT PARTNERS CORP 39.23% of their portfolio CALGARY, A0 653,800653.8k $72.6m $72.6m 39.23% Added +273.4k +273,400
23 TWO SIGMA INVESTMENTS, LP 0.16% of their portfolio NEW YORK, NY 646,100646.1k $71.8m $71.8m 0.16% New
24 KEYBANK NATIONAL ASSOCIATION/OH 0.26% of their portfolio BROOKLYN, OH 592,317592.3k $65.8m $65.8m 0.26% Added +8.4k +8,430
25 MARTIN & CO INC /TN/ 12.66% of their portfolio Knoxville, TN 590,157590.2k $65.6m $65.6m 12.66% New
26 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 563,471563.5k $62.6m $62.6m 0.03% Reduced -36.0k -35,975
27 Cambridge Investment Research Advisors, Inc. 0.19% of their portfolio FAIRFIELD, IA 507,517507.5k $56.4m $56.4m 0.19% Added +261.1k +261,091
28 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 507,250507.2k $56.4m $56.4m 0.01% Reduced -82.3k -82,271
29 Pictet Asset Management Holding SA 0.06% of their portfolio CAROUGE, V8 491,700491.7k $54.4m $54.4m 0.06% Added +63.3k +63,300
30 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 486,984487.0k $54.1m $54.1m 0.01% Added +219.6k +219,598
31 Money Design Co.,Ltd. 2.68% of their portfolio TOKYO, M0 484,389484.4k $53.8m $53.8m 2.68% Added +103.1k +103,082
32 BALDWIN WEALTH PARTNERS LLC/MA 3.57% of their portfolio Marion, MA 458,115458.1k $50.9m $50.9m 3.57% Added +28.9k +28,932
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 436,941436.9k $48.5m $48.5m 0.04% Added +32.6k +32,638
34 Dynasty Wealth Management, LLC 0.76% of their portfolio ST. PETERSBURG, FL 412,277412.3k $45.8m $45.8m 0.76% Added +13.8k +13,753
35 Quotient Wealth Partners, LLC 1.42% of their portfolio DALLAS, TX 401,066401.1k $44.6m $44.6m 1.42% Added +6.5k +6,496
36 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 394,251394.3k $43.8m $43.8m 0.02% Added +46.7k +46,687
37 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 376,852376.9k $41.9m $41.9m 0.01% Added +9.5k +9,526
38 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 344,996345.0k $38.3m $38.3m 0.07% Added +65.8k +65,750
39 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 341,582341.6k $37.9m $37.9m 0.05% Added +1.9k +1,857
40 One Capital Management, LLC 1.27% of their portfolio WESTLAKE VILLAGE, CA 339,161339.2k $37.7m $37.7m 1.27% Added +7.4k +7,421
41 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 336,767336.8k $37.4m $37.4m 0.04% Added +7.2k +7,241
42 Arbor Investment Advisors, LLC 4.68% of their portfolio WINSTON SALEM, NC 308,276308.3k $34.2m $34.2m 4.68% Added +13.5k +13,547
43 BANK OF NOVA SCOTIA 0.07% of their portfolio TORONTO, A6 300,000300.0k $33.3m $33.3m 0.07% New
44 Rock Creek Group LLC 1.98% of their portfolio Washington, DC 298,421298.4k $16.7m $16.7m 1.98% Reduced -2.5m -2,465,889
45 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 293,329293.3k $32.6m $32.6m 0.07% Added +21.6k +21,617
46 SG Americas Securities, LLC 0.11% of their portfolio NEW YORK, NY 291,445291.4k $32.4m $32.4m 0.11% Added +17.5k +17,515
47 Federation des caisses Desjardins du Quebec 0.16% of their portfolio LEVIS, A8 288,659288.7k $32.1m $32.1m 0.16% Reduced -3.6k -3,585
48 TOWNSQUARE CAPITAL LLC 0.34% of their portfolio Lehi, UT 284,439284.4k $31.6m $31.6m 0.34% Added +98.0k +97,960
49 Dakota Wealth Management 0.73% of their portfolio PALM BEACH GARDENS, FL 282,204282.2k $31.4m $31.4m 0.73% Reduced -6.2k -6,210
50 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 281,585281.6k $31.3m $31.3m 0.04% Added +3.5k +3,530
51 KWMG, LLC 3.12% of their portfolio OVERLAND PARK, KS 275,653275.7k $30.6m $30.6m 3.12% Added +4.8k +4,819
52 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 271,448271.4k $30.2m $30.2m 0.03% Reduced -17.1k -17,148
53 HUNTINGTON NATIONAL BANK 0.21% of their portfolio COLUMBUS, OH 257,439257.4k $28.6m $28.6m 0.21% Added +57.1k +57,061
54 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 253,378253.4k $28.1m $28.1m 0.09% Reduced -20.3k -20,252
55 Penserra Capital Management LLC 0.47% of their portfolio ORINDA, CA 239,975240.0k $26.7m $26.7m 0.47% New
56 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 239,495239.5k $26.6m $26.6m 0.07% Reduced -32.5k -32,542
57 TD Waterhouse Canada Inc. 0.21% of their portfolio TORONTO, A6 236,599236.6k $26.0m $26.0m 0.21% Added +16.9k +16,935
58 GenTrust, LLC 1.24% of their portfolio MIAMI, FL 232,756232.8k $25.9m $25.9m 1.24% Added +21.0k +21,000
59 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 218,643218.6k $24.3m $24.3m 0.04% Added +209.5k +209,506
60 Prime Capital Investment Advisors, LLC 0.28% of their portfolio OVERLAND PARK, KS 217,349217.3k $24.1m $24.1m 0.28% Added +79.2k +79,182
61 Pacific Life Fund Advisors LLC 2.50% of their portfolio NEWPORT BEACH, CA 200,442200.4k $22.3m $22.3m 2.50% Reduced -20.2k -20,241
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 178,402178.4k $19.8m $19.8m 0.04% Added +35.1k +35,058
63 Cypress Capital, LLC 5.53% of their portfolio FRANKLIN, TN 172,645172.6k $19.2m $19.2m 5.53% Reduced -3.9k -3,876
64 Invst, LLC 2.57% of their portfolio INDIANAPOLIS, IN 169,667169.7k $18.8m $18.8m 2.57% New
65 DORVAL Corp 7.19% of their portfolio MAPLE GROVE, MN 162,060162.1k $17.9m $17.9m 7.19% Added +4.1k +4,109
66 ARKANSAS FINANCIAL GROUP, INC. 3.00% of their portfolio LITTLE ROCK, AR 160,718160.7k $17.3m $17.3m 3.00% Reduced -28.7k -28,737
67 Strategic Investment Advisors / MI 1.87% of their portfolio FARMINGTON HILLS, MI 158,522158.5k $17.6m $17.6m 1.87% Added +972 +972
68 CIM, LLC 2.60% of their portfolio ALBANY, NY 157,585157.6k $17.5m $17.5m 2.60% Added +8.0k +8,029
69 Heartwood Wealth Advisors LLC 1.93% of their portfolio RICHMOND, VA 152,428152.4k $16.9m $16.9m 1.93% Added +8.1k +8,050
70 Ethos Financial Group, LLC 1.48% of their portfolio KING OF PRUSSIA, PA 145,520145.5k $15.5m $15.5m 1.48% Unchanged
71 Pure Financial Advisors, LLC 0.32% of their portfolio SAN DIEGO, CA 139,267139.3k $15.5m $15.5m 0.32% Reduced -13.1k -13,105
72 Turim 21 Investimentos Ltda. 4.09% of their portfolio RIO DE JANEIRO, D5 137,151137.2k $15.2m $15.2m 4.09% New
73 Lutz Financial Services LLC 1.24% of their portfolio OMAHA, NE 136,386136.4k $15.2m $15.2m 1.24% Reduced -3.2k -3,227
74 RTD Financial Advisors, Inc. 1.95% of their portfolio Philadelphia, PA 130,562130.6k $14.5m $14.5m 1.95% Added +4.2k +4,248
75 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 129,720129.7k $14.4m $14.4m 0.02% Added +5.6k +5,642
76 Mariner, LLC 0.02% of their portfolio Overland Park, KS 127,990128.0k $14.2m $14.2m 0.02% Added +7.2k +7,201
77 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 122,102122.1k $13.6m $13.6m 0.03% Added +24.1k +24,091
78 Horizon Investments, LLC 0.37% of their portfolio Charlotte, NC 113,834113.8k $12.5m $12.5m 0.37% Added +21.3k +21,292
79 BlueSky Wealth Advisors, LLC 1.93% of their portfolio New Bern, NC 111,827111.8k $12.4m $12.4m 1.93% Added +882 +882
80 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.35% of their portfolio BOSTON, MA 110,883110.9k $12.3m $12.3m 0.35% Added +20.9k +20,879
81 Buck Wealth Strategies, LLC 2.21% of their portfolio DENVER, CO 109,616109.6k $12.2m $12.2m 2.21% Added +9.1k +9,084
82 Envestnet Portfolio Solutions, Inc. 0.05% of their portfolio BERWYN, PA 108,503108.5k $12.1m $12.1m 0.05% Reduced -3.4k -3,386
83 TWIN FOCUS CAPITAL PARTNERS, LLC 1.87% of their portfolio Boston, MA 108,494108.5k $12.1m $12.1m 1.87% Reduced -1.5k -1,492
84 Net Worth Advisory Group 3.78% of their portfolio SANDY, UT 108,134108.1k $12.0m $12.0m 3.78% Added +794 +794
85 Independence Financial Advisors, LLC 4.41% of their portfolio FRANKLIN, NH 104,420104.4k $11.6m $11.6m 4.41% First filing
86 Sequent Planning LLC 4.17% of their portfolio OMAHA, NE 104,281104.3k $11.6m $11.6m 4.17% Added +9.4k +9,376
87 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 103,933103.9k $11.5m $11.5m 0.01% Reduced -22.6k -22,629
88 Fischer Financial Services, Inc. 3.69% of their portfolio HARRISBURG, PA 103,213103.2k $11.5m $11.5m 3.69% Added +15.4k +15,351
89 Wealth Forward, LLC 8.15% of their portfolio FARGO, ND 103,079103.1k $11.5m $11.5m 8.15% Added +975 +975
90 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 102,029102.0k $11.3m $11.3m 0.01% Added +803 +803
91 MERIDIAN MANAGEMENT CO 3.46% of their portfolio LITTLE ROCK, AR 100,700100.7k $11.2m $11.2m 3.46% Added +631 +631
92 Insight Wealth Strategies, LLC 1.50% of their portfolio SAN RAMON, CA 100,070100.1k $11.1m $11.1m 1.50% Added +14.8k +14,787
93 Verger Capital Management LLC 4.89% of their portfolio Winston-Salem, NC 100,043100.0k $11.1m $11.1m 4.89% Added +8.4k +8,434
94 Capitolis Liquid Global Markets LLC 0.10% of their portfolio NEW YORK, NY 100,000100.0k $11.1m $11.1m 0.10% Added +50.0k +50,000
95 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 99,00899.0k $11.0m $11.0m 0.01% Added +17.5k +17,527
96 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 98,81298.8k $11.0m $11.0m 0.02% Added +47.2k +47,194
97 Ted Buchan & Co 5.18% of their portfolio San Diego, CA 98,55398.6k $10.9m $10.9m 5.18% Added +1.7k +1,656
98 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 97,79297.8k $10.8m $10.8m 0.04% Reduced -2.0k -2,000
99 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 96,96397.0k $10.8m $10.8m 0.03% Reduced -105.5k -105,537
100 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 95,76195.8k $10.6m $10.6m 0.07% Added +2.1k +2,089