Vault-13

ISHARES TR TIP

TIPS BD ETF · ETP · CUSIP 464287176 · ISIN US4642871762

983 institutional holders -26 vs Q1 2025
76,757,00176.8m shares reported held*
$8.5bnreported value*
47 new 310 added 425 reduced 81 sold out net sold ≈ $319.3m (-3.0m 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 ($5.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $110.54. Options: 5 managers hold calls ($11.7m notional), 4 hold puts ($5.2m).

Trends to Q2 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: 1,009Q2 25: 983983Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025983

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 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 24Q1 25: 382 bought or addedQ1 25: 488 cut or sold outQ2 25: 357 bought or addedQ2 25: 506 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023447589
Q4 2023312748
Q1 2024333658
Q2 2024415560
Q3 2024287612
Q4 2024348524
Q1 2025382488
Q2 2025357506

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 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 1.31Q2 25 calls: $11.7mQ2 25 puts: $5.2mQ2 25P/C 0.45
Numbers
QuarterCallsPutsP/C
Q3 2024$170.5m$161.0m0.94
Q4 2024$146.6m$49.3m0.34
Q1 2025$54.1m$70.6m1.31
Q2 2025$11.7m$5.2m0.45

Biggest buyers

HSBC HOLDINGS PLC Added +2,848,700+2.8m
BANK OF AMERICA CORP /DE/ Added +1,281,679+1.3m
ROYAL BANK OF CANADA Added +779,934+779.9k
GOLDMAN SACHS GROUP INC Added +489,528+489.5k
AMERIPRISE FINANCIAL INC Added +417,901+417.9k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +291,412+291.4k
CI INVESTMENTS INC. Added +281,500+281.5k
Rockefeller Capital Management L.P. Added +271,471+271.5k
PRUDENTIAL FINANCIAL INC Added +232,900+232.9k
MORGAN STANLEY Added +207,988+208.0k

Biggest sellers

FMR LLC Reduced -3,685,512-3.7m
FIL Ltd Reduced -1,198,902-1.2m
3EDGE Asset Management, LP Reduced -1,193,760-1.2m
SUMITOMO LIFE INSURANCE CO Reduced -587,549-587.5k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -499,111-499.1k
VIEWPOINT INVESTMENT PARTNERS CORP Reduced -335,300-335.3k
MARSHALL WACE, LLP Reduced -300,565-300.6k
BANK OF NOVA SCOTIA Sold out -300,000-300.0k
TOWNSQUARE CAPITAL LLC Reduced -275,817-275.8k
Man Group plc Reduced -244,595-244.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.6m78.5k shares
WOLVERINE TRADING, LLC New $1.6m15.0k shares
CITADEL ADVISORS LLC Added $1.1m9.6k shares
JANE STREET GROUP, LLC Reduced $352.1k3.2k shares
Vinland Capital Management Gestora de Recursos LTDA. Reduced $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.7m33.6k shares
JANE STREET GROUP, LLC Added $825.3k7.5k shares
WOLVERINE TRADING, LLC New $702.5k6.4k shares
Vinland Capital Management Gestora de Recursos LTDA. Reduced $00 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 12,965,63913.0m $1.4bn $1.4bn 0.12% Added +1.3m +1,281,679
2 FMR LLC 0.04% of their portfolio BOSTON, MA 6,327,6596.3m $696.3m $696.3m 0.04% Reduced -3.7m -3,685,512
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 4,133,6174.1m $454.9m $454.9m 0.03% Added +208.0k +207,988
4 HSBC HOLDINGS PLC 0.21% of their portfolio LONDON, X0 2,910,2592.9m $320.3m $320.3m 0.21% Added +2.8m +2,848,700
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,259,5842.3m $248.6m $248.6m 0.00% Added +130.4k +130,438
6 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 2,180,8662.2m $240.0m $240.0m 0.07% Added +19.1k +19,125
7 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,638,5191.6m $180.3m $180.3m 0.04% Added +2.2k +2,166
8 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,388,9331.4m $153.0m $153.0m 0.04% Added +417.9k +417,901
9 ASSETMARK, INC 0.34% of their portfolio CONCORD, CA 1,304,6961.3m $143.6m $143.6m 0.34% Added +50.8k +50,824
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,287,1841.3m $141.6m $141.6m 0.01% Added +779.9k +779,934
11 FIL Ltd 0.12% of their portfolio HAMILTON, D0 1,256,1231.3m $138.2m $138.2m 0.12% Reduced -1.2m -1,198,902
12 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,142,4161.1m $125.7m $125.7m 0.04% Added +3.7k +3,652
13 CI INVESTMENTS INC. 0.47% of their portfolio TORONTO, Z4 1,133,5001.1m $124.7m $124.7m 0.47% Added +281.5k +281,500
14 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,108,0431.1m $121.9m $121.9m 0.03% Added +23.2k +23,172
15 EVOKE WEALTH, LLC 2.74% of their portfolio Los Angeles, CA 1,061,3531.1m $116.8m $116.8m 2.74% Reduced -35.7k -35,678
16 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,030,1961.0m $113.4m $113.4m 0.01% Added +90.8k +90,809
17 SUMITOMO LIFE INSURANCE CO 7.61% of their portfolio TOKYO, M0 1,020,1841.0m $112.3m $112.3m 7.61% Reduced -587.5k -587,549
18 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 976,512976.5k $107.5m $107.5m 0.02% Added +489.5k +489,528
19 Bank Julius Baer & Co. Ltd, Zurich 0.28% of their portfolio ZURICH, V8 865,363865.4k $95.2m $95.2m 0.28% Added +39.1k +39,062
20 Man Group plc 0.20% of their portfolio LONDON, X0 831,983832.0k $91.6m $91.6m 0.20% Reduced -244.6k -244,595
21 WealthNavi Inc. 0.85% of their portfolio Shinagawa-ku, TOKYO, M0 764,530764.5k $84.1m $84.1m 0.85% Reduced -32.9k -32,923
22 Pictet Asset Management Holding SA 0.07% of their portfolio CAROUGE, V8 651,200651.2k $71.5m $71.5m 0.07% Added +159.5k +159,500
23 KEYBANK NATIONAL ASSOCIATION/OH 0.24% of their portfolio BROOKLYN, OH 596,704596.7k $65.7m $65.7m 0.24% Added +4.4k +4,387
24 MARTIN & CO INC /TN/ 12.06% of their portfolio Knoxville, TN 595,627595.6k $65.5m $65.5m 12.06% Added +5.5k +5,470
25 TWO SIGMA INVESTMENTS, LP 0.11% of their portfolio NEW YORK, NY 571,200571.2k $62.9m $62.9m 0.11% Reduced -74.9k -74,900
26 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 548,148548.1k $60.3m $60.3m 0.04% Reduced -15.3k -15,323
27 PARTNERS CAPITAL INVESTMENT GROUP, LLP 2.31% of their portfolio BOSTON, MA 524,888524.9k $57.8m $57.8m 2.31% Reduced -499.1k -499,111
28 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 510,966511.0k $56.2m $56.2m 0.07% Added +271.5k +271,471
29 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 480,394480.4k $53.1m $53.1m 0.09% Added +187.1k +187,065
30 BALDWIN WEALTH PARTNERS LLC/MA 3.42% of their portfolio Marion, MA 457,224457.2k $50.3m $50.3m 3.42% Reduced -891 -891
31 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 444,708444.7k $48.9m $48.9m 0.04% Added +7.8k +7,767
32 Money Design Co.,Ltd. 2.15% of their portfolio TOKYO, M0 418,089418.1k $46.0m $46.0m 2.15% Reduced -66.3k -66,300
33 Quotient Wealth Partners, LLC 1.33% of their portfolio DALLAS, TX 409,268409.3k $45.0m $45.0m 1.33% Added +8.2k +8,202
34 Dynasty Wealth Management, LLC 0.76% of their portfolio ST. PETERSBURG, FL 407,796407.8k $44.9m $44.9m 0.76% Reduced -4.5k -4,481
35 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 392,801392.8k $43.2m $43.2m 0.01% Added +15.9k +15,949
36 Federation des caisses Desjardins du Quebec 0.19% of their portfolio LEVIS, A8 389,870389.9k $42.9m $42.9m 0.19% Added +101.2k +101,211
37 MARSHALL WACE, LLP 0.05% of their portfolio LONDON, X0 387,745387.7k $42.7m $42.7m 0.05% Reduced -300.6k -300,565
38 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 375,093375.1k $41.3m $41.3m 0.13% Reduced -132.4k -132,424
39 3EDGE Asset Management, LP 2.52% of their portfolio Naples, FL 368,064368.1k $40.5m $40.5m 2.52% Reduced -1.2m -1,193,760
40 One Capital Management, LLC 1.30% of their portfolio WESTLAKE VILLAGE, CA 342,316342.3k $37.7m $37.7m 1.30% Added +3.2k +3,155
41 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 334,716334.7k $36.8m $36.8m 0.03% Added +291.4k +291,412
42 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 332,653332.7k $36.6m $36.6m 0.04% Reduced -4.1k -4,114
43 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 319,314319.3k $35.1m $35.1m 0.06% Reduced -25.7k -25,682
44 VIEWPOINT INVESTMENT PARTNERS CORP 19.17% of their portfolio CALGARY, A0 318,500318.5k $35.0m $35.0m 19.17% Reduced -335.3k -335,300
45 Arbor Investment Advisors, LLC 4.43% of their portfolio WINSTON SALEM, NC 314,433314.4k $34.6m $34.6m 4.43% Added +6.2k +6,157
46 HUNTINGTON NATIONAL BANK 0.21% of their portfolio COLUMBUS, OH 288,552288.6k $31.8m $31.8m 0.21% Added +31.1k +31,113
47 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 279,755279.8k $30.8m $30.8m 0.04% Reduced -61.8k -61,827
48 Dakota Wealth Management 0.65% of their portfolio PALM BEACH GARDENS, FL 279,581279.6k $30.8m $30.8m 0.65% Reduced -2.6k -2,623
49 KWMG, LLC 2.83% of their portfolio OVERLAND PARK, KS 273,799273.8k $30.1m $30.1m 2.83% Reduced -1.9k -1,854
50 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 270,830270.8k $29.8m $29.8m 0.04% Reduced -10.8k -10,755
51 TD Waterhouse Canada Inc. 0.21% of their portfolio TORONTO, A6 262,330262.3k $28.7m $28.7m 0.21% Added +25.7k +25,731
52 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 251,055251.1k $27.6m $27.6m 0.08% Reduced -2.3k -2,323
53 Rock Creek Group LLC 3.22% of their portfolio Washington, DC 249,692249.7k $27.5m $27.5m 3.22% Reduced -48.7k -48,729
54 PRUDENTIAL FINANCIAL INC 0.03% of their portfolio NEWARK, NJ 248,911248.9k $26.7m $26.7m 0.03% Added +232.9k +232,900
55 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 244,082244.1k $26.9m $26.9m 0.01% Reduced -150.2k -150,169
56 Prime Capital Investment Advisors, LLC 0.32% of their portfolio OVERLAND PARK, KS 221,596221.6k $24.4m $24.4m 0.32% Added +4.2k +4,247
57 GenTrust, LLC 1.14% of their portfolio MIAMI, FL 219,734219.7k $24.2m $24.2m 1.14% Reduced -13.0k -13,022
58 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 202,293202.3k $22.3m $22.3m 0.02% Reduced -69.2k -69,155
59 Ethos Financial Group, LLC 1.67% of their portfolio KING OF PRUSSIA, PA 176,445176.4k $19.4m $19.4m 1.67% Added +30.9k +30,925
60 Cypress Capital, LLC 5.45% of their portfolio FRANKLIN, TN 170,467170.5k $18.8m $18.8m 5.45% Reduced -2.2k -2,178
61 DORVAL Corp 6.52% of their portfolio MAPLE GROVE, MN 165,549165.5k $18.2m $18.2m 6.52% Added +3.5k +3,489
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 162,143162.1k $17.7m $17.7m 0.03% Reduced -16.3k -16,259
63 CIM, LLC 2.39% of their portfolio ALBANY, NY 161,155161.2k $17.7m $17.7m 2.39% Added +3.6k +3,570
64 ARKANSAS FINANCIAL GROUP, INC. 2.67% of their portfolio LITTLE ROCK, AR 156,142156.1k $17.2m $17.2m 2.67% Reduced -4.6k -4,576
65 Heartwood Wealth Advisors LLC 1.76% of their portfolio RICHMOND, VA 153,210153.2k $16.9m $16.9m 1.76% Added +782 +782
66 Strategic Investment Advisors / MI 1.51% of their portfolio FARMINGTON HILLS, MI 141,268141.3k $15.5m $15.5m 1.51% Reduced -17.3k -17,254
67 Invst, LLC 1.91% of their portfolio INDIANAPOLIS, IN 139,535139.5k $15.4m $15.4m 1.91% Reduced -30.1k -30,132
68 Turim 21 Investimentos Ltda. 3.00% of their portfolio RIO DE JANEIRO, D5 139,455139.5k $15.3m $15.3m 3.00% Added +2.3k +2,304
69 Pacific Life Fund Advisors LLC 1.62% of their portfolio NEWPORT BEACH, CA 136,930136.9k $15.1m $15.1m 1.62% Reduced -63.5k -63,512
70 CW Advisors, LLC 0.14% of their portfolio BOSTON, MA 135,078135.1k $14.9m $14.9m 0.14% Added +113.3k +113,259
71 Lutz Financial Services LLC 1.15% of their portfolio OMAHA, NE 134,843134.8k $14.8m $14.8m 1.15% Reduced -1.5k -1,543
72 Pure Financial Advisors, LLC 0.26% of their portfolio SAN DIEGO, CA 133,971134.0k $14.7m $14.7m 0.26% Reduced -5.3k -5,296
73 Mariner, LLC 0.02% of their portfolio Overland Park, KS 128,533128.5k $14.1m $14.1m 0.02% Added +543 +543
74 RTD Financial Advisors, Inc. 1.80% of their portfolio Philadelphia, PA 127,659127.7k $14.0m $14.0m 1.80% Reduced -2.9k -2,903
75 Horizon Investments, LLC 0.22% of their portfolio Charlotte, NC 126,854126.9k $13.9m $13.9m 0.22% Added +13.0k +13,020
76 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 125,526125.5k $13.8m $13.8m 0.02% Reduced -4.2k -4,194
77 MERIDIAN MANAGEMENT CO 3.49% of their portfolio LITTLE ROCK, AR 116,280116.3k $12.8m $12.8m 3.49% Added +15.6k +15,580
78 Buck Wealth Strategies, LLC 1.93% of their portfolio DENVER, CO 115,181115.2k $12.7m $12.7m 1.93% Added +5.6k +5,565
79 Sequent Planning LLC 3.87% of their portfolio OMAHA, NE 111,102111.1k $12.2m $12.2m 3.87% Added +6.8k +6,821
80 Net Worth Advisory Group 2.68% of their portfolio SANDY, UT 109,982110.0k $12.1m $12.1m 2.68% Added +1.8k +1,848
81 Independence Financial Advisors, LLC 4.68% of their portfolio FRANKLIN, NH 109,283109.3k $12.0m $12.0m 4.68% Added +4.9k +4,863
82 BlueSky Wealth Advisors, LLC 1.74% of their portfolio New Bern, NC 108,741108.7k $12.0m $12.0m 1.74% Reduced -3.1k -3,086
83 TWIN FOCUS CAPITAL PARTNERS, LLC 1.66% of their portfolio Boston, MA 107,631107.6k $11.8m $11.8m 1.66% Reduced -863 -863
84 Fischer Financial Services, Inc. 3.43% of their portfolio HARRISBURG, PA 106,016106.0k $11.7m $11.7m 3.43% Added +2.8k +2,803
85 Ted Buchan & Co 4.61% of their portfolio San Diego, CA 105,471105.5k $11.6m $11.6m 4.61% Added +6.9k +6,918
86 Wealth Forward, LLC 7.69% of their portfolio FARGO, ND 103,930103.9k $11.4m $11.4m 7.69% Added +851 +851
87 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 102,379102.4k $11.3m $11.3m 0.06% Added +70.7k +70,702
88 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 102,028102.0k $11.2m $11.2m 0.01% Reduced -1.9k -1,905
89 Verger Capital Management LLC 4.33% of their portfolio Winston-Salem, NC 99,90699.9k $11.0m $11.0m 4.33% Reduced -137 -137
90 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 99,29499.3k $10.9m $10.9m 0.05% Reduced -192.2k -192,151
91 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 97,33297.3k $10.7m $10.7m 0.02% Added +369 +369
92 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 96,26296.3k $10.6m $10.6m 0.01% Reduced -5.8k -5,767
93 Migdal Insurance & Financial Holdings Ltd. 0.06% of their portfolio Petach Tikva, L3 94,07294.1k $10.4m $10.4m 0.06% Added +49.2k +49,151
94 DARK FOREST CAPITAL MANAGEMENT LP 0.41% of their portfolio NEW YORK, NY 91,74391.7k $10.1m $10.1m 0.41% New
95 BOKF, NA 0.16% of their portfolio TULSA, OK 90,87290.9k $10.0m $10.0m 0.16% Reduced -84 -84
96 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 90,73390.7k $10.0m $10.0m 0.01% Added +14.5k +14,499
97 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 90,00090.0k $9.9m $9.9m 0.03% Reduced -7.8k -7,792
98 Equitable Holdings, Inc. 0.08% of their portfolio NEW YORK, NY 89,76189.8k $9.9m $9.9m 0.08% Added +1.8k +1,814
99 NorthCoast Asset Management LLC 0.04% of their portfolio STAMFORD, CT 89,21989.2k $9.8m $9.8m 0.04% Added +31.1k +31,137
100 Shilanski & Associates, Inc. 2.80% of their portfolio ANCHORAGE, AK 89,18089.2k $9.8m $9.8m 2.80% Added +1.9k +1,927