Vault-13

ISHARES TR AGG

CORE US AGGBD ET · ETP · CUSIP 464287226

1,918 institutional holders -22 vs Q1 2025
1,212,722,7921.2bn shares reported held*
$117.7bnreported value*
92 new 856 added 742 reduced 110 sold out net bought ≈ $5.9bn (+59.7m 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 ($154.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.05. Options: 5 managers hold calls ($20.8m notional), 2 hold puts ($12.9m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,498Q4 22: 1,630Q1 23: 1,623Q2 23: 1,641Q3 23: 1,614Q4 23: 1,777Q1 24: 1,754Q2 24: 1,788Q3 24: 1,806Q4 24: 1,950Q1 25: 1,940Q2 25: 1,9181,918Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20221,498
Q4 20221,630
Q1 20231,623
Q2 20231,641
Q3 20231,614
Q4 20231,777
Q1 20241,754
Q2 20241,788
Q3 20241,806
Q4 20241,950
Q1 20251,940
Q2 20251,918

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 23: 853 bought or addedQ3 23: 703 cut or sold outQ4 23: 904 bought or addedQ4 23: 705 cut or sold outQ4 23Q1 24: 941 bought or addedQ1 24: 748 cut or sold outQ2 24: 938 bought or addedQ2 24: 743 cut or sold outQ2 24Q3 24: 1,048 bought or addedQ3 24: 649 cut or sold outQ4 24: 1,021 bought or addedQ4 24: 697 cut or sold outQ4 24Q1 25: 972 bought or addedQ1 25: 855 cut or sold outQ2 25: 948 bought or addedQ2 25: 852 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023853703
Q4 2023904705
Q1 2024941748
Q2 2024938743
Q3 20241,048649
Q4 20241,021697
Q1 2025972855
Q2 2025948852

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 24 calls: $11.4mQ3 24 puts: $55.5mQ3 24P/C 4.85Q4 24 calls: $11.8mQ4 24 puts: $19.2mQ4 24P/C 1.64Q1 25 calls: $10.7mQ1 25 puts: $994.9kQ1 25P/C 0.09Q2 25 calls: $20.8mQ2 25 puts: $12.9mQ2 25P/C 0.62
Numbers
QuarterCallsPutsP/C
Q3 2024$11.4m$55.5m4.85
Q4 2024$11.8m$19.2m1.64
Q1 2025$10.7m$994.9k0.09
Q2 2025$20.8m$12.9m0.62

Biggest buyers

US BANCORP \DE\ Added +9,922,958+9.9m
JONES FINANCIAL COMPANIES LLLP Added +6,759,779+6.8m
ENVESTNET ASSET MANAGEMENT INC Added +5,728,914+5.7m
BlackRock, Inc. Added +5,310,328+5.3m
MASTERCARD FOUNDATION ASSET MANAGEMENT CORP Added +5,140,336+5.1m
ROYAL BANK OF CANADA Added +4,189,715+4.2m
NISA INVESTMENT ADVISORS, LLC New +3,987,632+4.0m
FMR LLC Added +3,519,407+3.5m
JANE STREET GROUP, LLC Added +2,613,588+2.6m
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Added +2,525,848+2.5m

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -4,831,074-4.8m
RAYMOND JAMES FINANCIAL INC Reduced -3,959,393-4.0m
FACTORY MUTUAL INSURANCE CO Reduced -3,039,057-3.0m
Johns Hopkins University Reduced -1,546,799-1.5m
CITADEL ADVISORS LLC Reduced -1,164,570-1.2m
Corient Private Wealth LP Reduced -1,055,675-1.1m
MORGAN STANLEY Reduced -932,850-932.9k
QUADRANT CAPITAL GROUP LLC Reduced -822,485-822.5k
Acorns Advisers, LLC Reduced -749,255-749.3k
VOYA INVESTMENT MANAGEMENT LLC Reduced -741,285-741.3k

Biggest calls

WOLVERINE TRADING, LLC Added $13.1m132.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.6m46.4k shares
CITADEL ADVISORS LLC Added $1.7m17.2k shares
JANE STREET GROUP, LLC Reduced $1.3m13.1k shares
Lavaca Capital LLC New $119.0k1.2k shares

Biggest puts

GOLDMAN SACHS GROUP INC New $9.9m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m29.6k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JONES FINANCIAL COMPANIES LLLP 10.89% of their portfolio DES PERES, MO 145,385,703145.4m $14.4bn $14.4bn 10.89% Added +6.8m +6,759,779
2 RAYMOND JAMES FINANCIAL INC 2.64% of their portfolio ST. PETERSBURG, FL 77,335,29077.3m $7.7bn $7.7bn 2.64% Reduced -4.0m -3,959,393
3 WELLS FARGO & COMPANY/MN 1.22% of their portfolio SAN FRANCISCO, CA 55,722,99255.7m $5.5bn $5.5bn 1.22% Added +1.8m +1,809,802
4 ENVESTNET ASSET MANAGEMENT INC 1.57% of their portfolio Berwyn, PA 54,218,32654.2m $5.4bn $5.4bn 1.57% Added +5.7m +5,728,914
5 BlackRock, Inc. 0.09% of their portfolio New York, NY 49,746,91449.7m $4.9bn $4.9bn 0.09% Added +5.3m +5,310,328
6 US BANCORP \DE\ 5.49% of their portfolio MINNEAPOLIS, MN 43,988,04444.0m $4.4bn $4.4bn 5.49% Added +9.9m +9,922,958
7 BANK OF AMERICA CORP /DE/ 0.35% of their portfolio CHARLOTTE, NC 43,902,75043.9m $4.4bn $4.4bn 0.35% Added +1.9m +1,915,497
8 MORGAN STANLEY 0.20% of their portfolio NEW YORK, NY 30,475,24130.5m $3.0bn $3.0bn 0.20% Reduced -932.9k -932,850
9 MERCER GLOBAL ADVISORS INC /ADV 6.30% of their portfolio DENVER, CO 28,284,42028.3m $2.8bn $2.8bn 6.30% Added +2.1m +2,124,707
10 SAGESPRING WEALTH PARTNERS, LLC 2.27% of their portfolio FRANKLIN, TN 24,538,05924.5m $105.1m $105.1m 2.27% Added +1.1k +1,052
11 Betterment LLC 4.87% of their portfolio NEW YORK, NY 23,067,85023.1m $2.3bn $2.3bn 4.87% Added +1.2m +1,191,388
12 MASTERCARD FOUNDATION ASSET MANAGEMENT CORP 4.20% of their portfolio TORONTO, A6 18,965,63119.0m $1.9bn $1.9bn 4.20% Added +5.1m +5,140,336
13 Envestnet Portfolio Solutions, Inc. 6.92% of their portfolio BERWYN, PA 18,959,61519.0m $1.9bn $1.9bn 6.92% Added +2.1m +2,093,359
14 NORTHERN TRUST CORP 0.23% of their portfolio CHICAGO, IL 16,630,96316.6m $1.6bn $1.6bn 0.23% Reduced -253.5k -253,511
15 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 2.69% of their portfolio PLYMOUTH, MN 16,505,96516.5m $1.6bn $1.6bn 2.69% Added +1.3m +1,308,103
16 GOLDMAN SACHS GROUP INC 0.26% of their portfolio NEW YORK, NY 16,264,06116.3m $1.6bn $1.6bn 0.26% Reduced -4.8m -4,831,074
17 AMERIPRISE FINANCIAL INC 0.36% of their portfolio MINNEAPOLIS, MN 14,563,03114.6m $1.4bn $1.4bn 0.36% Reduced -284.6k -284,629
18 Arizona PSPRS Trust 44.35% of their portfolio PHOENIX, AZ 13,456,06213.5m $1.3bn $1.3bn 44.35% Added +19.4k +19,426
19 Creative Planning 1.05% of their portfolio OVERLAND PARK, KS 12,373,72412.4m $1.2bn $1.2bn 1.05% Reduced -330.3k -330,301
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.87% of their portfolio MILWAUKEE, WI 11,963,48012.0m $1.2bn $1.2bn 0.87% Added +417.6k +417,611
21 Acorns Advisers, LLC 10.01% of their portfolio IRVINE, CA 11,764,51711.8m $1.2bn $1.2bn 10.01% Reduced -749.3k -749,255
22 Johns Hopkins University 61.42% of their portfolio BALTIMORE, MD 11,713,59611.7m $1.2bn $1.2bn 61.42% Reduced -1.5m -1,546,799
23 FMR LLC 0.06% of their portfolio BOSTON, MA 11,381,59011.4m $1.1bn $1.1bn 0.06% Added +3.5m +3,519,407
24 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 10,997,88011.0m $1.1bn $1.1bn 0.08% Added +1.2m +1,189,779
25 LPL Financial LLC 0.35% of their portfolio FORT MILL, SC 10,438,25010.4m $1.0bn $1.0bn 0.35% Added +489.6k +489,642
26 WealthNavi Inc. 10.00% of their portfolio Shinagawa-ku, TOKYO, M0 10,013,37010.0m $993.3m $993.3m 10.00% Reduced -328.3k -328,322
27 UBS Group AG 0.21% of their portfolio ZURICH, V8 9,981,68310.0m $990.2m $990.2m 0.21% Reduced -12.6k -12,553
28 FIRST CITIZENS BANK & TRUST CO 17.82% of their portfolio RALEIGH, NC 9,926,3469.9m $984.7m $984.7m 17.82% Reduced -699.3k -699,274
29 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.17% of their portfolio SAN FRANCISCO, CA 9,915,5269.9m $983.6m $983.6m 0.17% Reduced -512.6k -512,628
30 Mariner, LLC 1.41% of their portfolio Overland Park, KS 9,817,5009.8m $973.8m $973.8m 1.41% Added +579.3k +579,335
31 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 9,266,0789.3m $919.2m $919.2m 0.09% Added +4.2m +4,189,715
32 AVANTAX ADVISORY SERVICES, INC. 5.05% of their portfolio DALLAS, TX 9,265,0569.3m $919.1m $919.1m 5.05% Added +31.9k +31,854
33 PNC Financial Services Group, Inc. 0.58% of their portfolio Pittsburgh, PA 9,128,6269.1m $905.6m $905.6m 0.58% Added +193.3k +193,320
34 CAPTRUST FINANCIAL ADVISORS 1.81% of their portfolio RALEIGH, NC 8,191,2118.2m $812.6m $812.6m 1.81% Added +505.5k +505,539
35 TIAA TRUST, NATIONAL ASSOCIATION 2.10% of their portfolio CHARLOTTE, NC 8,153,1818.2m $808.0m $808.0m 2.10% Reduced -615.9k -615,930
36 STIFEL FINANCIAL CORP 0.75% of their portfolio ST. LOUIS, MO 7,783,7017.8m $772.1m $772.1m 0.75% Added +1.5m +1,453,762
37 TRUIST FINANCIAL CORP 1.01% of their portfolio CHARLOTTE, NC 6,935,7316.9m $688.0m $688.0m 1.01% Added +239.4k +239,422
38 Cerity Partners LLC 1.19% of their portfolio NEW YORK, NY 6,704,3536.7m $665.1m $665.1m 1.19% Added +458.1k +458,136
39 RWA WEALTH PARTNERS, LLC 8.24% of their portfolio BOSTON, MA 6,634,6486.6m $658.2m $658.2m 8.24% Added +1.7m +1,718,285
40 Members Trust Co 18.64% of their portfolio TAMPA, FL 5,452,8015.5m $540.9m $540.9m 18.64% Added +130.2k +130,238
41 PRUDENTIAL FINANCIAL INC 0.67% of their portfolio NEWARK, NJ 5,347,0305.3m $522.3m $522.3m 0.67% Added +510.6k +510,558
42 Bank of New York Mellon Corp 0.10% of their portfolio NEW YORK, NY 5,317,3015.3m $527.5m $527.5m 0.10% Added +326.2k +326,247
43 Cetera Investment Advisers 0.88% of their portfolio SCHAUMBURG, IL 5,269,5525.3m $522.7m $522.7m 0.88% Added +47.7k +47,713
44 UNITED SERVICES AUTOMOBILE ASSOCIATION 51.76% of their portfolio SAN ANTONIO, TX 5,022,9805.0m $498.3m $498.3m 51.76% Added +2.1m +2,069,200
45 MACKENZIE FINANCIAL CORP 0.61% of their portfolio TORONTO ONTARIO, A6 4,778,6004.8m $474.0m $474.0m 0.61% Added +55.7k +55,700
46 JANE STREET GROUP, LLC 0.71% of their portfolio NEW YORK, NY 4,445,4284.4m $441.0m $441.0m 0.71% Added +2.6m +2,613,588
47 D.A. DAVIDSON & CO. 3.09% of their portfolio GREAT FALLS, MT 4,417,7794.4m $438.2m $438.2m 3.09% Reduced -18.4k -18,445
48 Balentine LLC 16.73% of their portfolio ATLANTA, GA 4,330,8164.3m $429.6m $429.6m 16.73% Reduced -83.9k -83,947
49 Constellation Investments, Inc. 19.03% of their portfolio MONTGOMERY, OH 4,148,9294.1m $411.6m $411.6m 19.03% Unchanged
50 NISA INVESTMENT ADVISORS, LLC 1.78% of their portfolio ST. LOUIS, MO 3,987,6324.0m $395.6m $395.6m 1.78% New
51 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 2.09% of their portfolio HARRISBURG, PA 3,987,6324.0m $395.6m $395.6m 2.09% Added +39.2k +39,210
52 CITIGROUP INC 0.24% of their portfolio NEW YORK, NY 3,549,4643.5m $352.1m $352.1m 0.24% Added +97.4k +97,364
53 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 7.52% of their portfolio BOSTON, MA 3,440,3573.4m $341.3m $341.3m 7.52% Added +2.5m +2,525,848
54 SageView Advisory Group, LLC 12.31% of their portfolio Newport Beach, CA 3,311,0833.3m $325.5m $325.5m 12.31% Reduced -80.2k -80,157
55 Prime Capital Investment Advisors, LLC 4.22% of their portfolio OVERLAND PARK, KS 3,199,1093.2m $317.4m $317.4m 4.22% Added +1.1m +1,100,401
56 SigFig Wealth Management, LLC 10.32% of their portfolio SAN FRANCISCO, CA 3,155,3313.2m $311.7m $311.7m 10.32% Added +62.5k +62,495
57 Simplify Asset Management Inc. 18.69% of their portfolio Las Vegas, NV 3,109,3403.1m $308.4m $308.4m 18.69% Added +62.5k +62,496
58 VANTAGEPOINT INVESTMENT ADVISERS LLC 29.63% of their portfolio WASHINGTON, DC 2,977,7183.0m $295.4m $295.4m 29.63% Reduced -722.0k -722,000
59 JANUS HENDERSON GROUP PLC 0.14% of their portfolio LONDON, X0 2,960,8273.0m $293.7m $293.7m 0.14% Reduced -123.0k -122,981
60 MASON STREET ADVISORS, LLC 32.42% of their portfolio MILWAUKEE, WI 2,792,3942.8m $277.0m $277.0m 32.42% Added +247.3k +247,294
61 South Dakota Investment Council 5.31% of their portfolio SIOUX FALLS, SD 2,790,9352.8m $276.9m $276.9m 5.31% Reduced -154.9k -154,950
62 &PARTNERS 2.00% of their portfolio NASHVILLE, TN 2,621,7432.6m $261.1m $261.1m 2.00% Added +647.0k +646,968
63 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.16% of their portfolio Paris, I0 2,599,8632.6m $63.7m $63.7m 0.16% Added +127.1k +127,062
64 ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio NASHVILLE, TN 2,562,9972.6m $254.2m $254.2m 0.08% Reduced -6.9k -6,934
65 Dynasty Wealth Management, LLC 4.17% of their portfolio ST. PETERSBURG, FL 2,466,7582.5m $244.7m $244.7m 4.17% Reduced -24.3k -24,331
66 BANK OF MONTREAL /CAN/ 0.12% of their portfolio TORONTO, A6 2,397,1832.4m $237.8m $237.8m 0.12% Added +745.0k +745,026
67 EP Wealth Advisors, LLC 1.55% of their portfolio TORRANCE, CA 2,370,6362.4m $235.2m $235.2m 1.55% Added +24.7k +24,666
68 FACTORY MUTUAL INSURANCE CO 2.44% of their portfolio WALTHAM, MA 2,253,6002.3m $223.6m $223.6m 2.44% Reduced -3.0m -3,039,057
69 Blue Trust, Inc. 2.60% of their portfolio BRENTWOOD, TN 2,218,4952.2m $220.1m $220.1m 2.60% Reduced -38.0k -37,978
70 HighTower Advisors, LLC 0.26% of their portfolio CHICAGO, IL 2,131,0142.1m $211.4m $211.4m 0.26% Added +117.0k +116,964
71 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 7.49% of their portfolio BETHESDA, MD 2,065,0002.1m $204.8m $204.8m 7.49% Added +1.7m +1,695,075
72 Quotient Wealth Partners, LLC 6.02% of their portfolio DALLAS, TX 2,063,1342.1m $204.7m $204.7m 6.02% Added +46.9k +46,946
73 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 1.35% of their portfolio Stamford, CT 2,001,4392.0m $198.5m $198.5m 1.35% Added +245.2k +245,203
74 Stairway Partners, LLC 11.10% of their portfolio MINNEAPOLIS, MN 1,972,8352.0m $195.7m $195.7m 11.10% Reduced -70.1k -70,149
75 COMMONWEALTH EQUITY SERVICES, LLC 0.25% of their portfolio WALTHAM, MA 1,920,3861.9m $190.5m $190.5m 0.25% Reduced -361.0k -361,041
76 Disciplina Capital Management LLC 23.92% of their portfolio NASHVILLE, TN 1,907,9151.9m $189.3m $189.3m 23.92% Reduced -190.5k -190,473
77 OSAIC HOLDINGS, INC. 0.32% of their portfolio SCOTTSDALE, AZ 1,797,0431.8m $178.3m $178.3m 0.32% Added +132.9k +132,879
78 AXXCESS WEALTH MANAGEMENT, LLC 4.17% of their portfolio CARLSBAD, CA 1,749,5801.7m $173.6m $173.6m 4.17% Added +41.5k +41,470
79 Charter Oak Capital Management, LLC 14.30% of their portfolio PORTSMOUTH, NH 1,706,8561.7m $169.3m $169.3m 14.30% Added +39.8k +39,847
80 COMERICA BANK 0.62% of their portfolio DALLAS, TX 1,609,9701.6m $159.7m $159.7m 0.62% Added +951.7k +951,724
81 Capital Asset Advisory Services LLC 7.38% of their portfolio Williamston, MI 1,596,6181.6m $157.7m $157.7m 7.38% Added +12.8k +12,784
82 Kingsview Wealth Management, LLC 2.68% of their portfolio GRANTS PASS, OR 1,594,5091.6m $158.2m $158.2m 2.68% Added +319.0k +319,044
83 CAHABA WEALTH MANAGEMENT, INC. 11.90% of their portfolio Atlanta, GA 1,543,3571.5m $153.1m $153.1m 11.90% Reduced -10.6k -10,578
84 Vestmark Advisory Solutions, Inc. 2.20% of their portfolio Wakefield, MA 1,537,2741.5m $152.5m $152.5m 2.20% Added +1.2m +1,224,041
85 Destination Wealth Management 4.25% of their portfolio Walnut Creek, CA 1,459,8691.5m $144.8m $144.8m 4.25% Added +13.8k +13,821
86 Forvis Mazars Wealth Advisors, LLC 3.03% of their portfolio Springfield, MO 1,416,5061.4m $140.5m $140.5m 3.03% Added +24.8k +24,816
87 Mitsubishi UFJ Trust & Banking Corp 0.32% of their portfolio TOKYO, M0 1,413,4551.4m $140.2m $140.2m 0.32% Unchanged
88 Gallagher Fiduciary Advisors, LLC 0.02% of their portfolio ROLLING MEADOWS, IL 1,412,7741.4m $576.1k $576.1k 0.02% Added +1.4m +1,393,568
89 MML INVESTORS SERVICES, LLC 0.39% of their portfolio SPRINGFIELD, MA 1,371,1721.4m $136.0m $136.0m 0.39% Reduced -175.4k -175,398
90 WESBANCO BANK INC 3.93% of their portfolio WHEELING, WV 1,334,4041.3m $132.4m $132.4m 3.93% Added +28.8k +28,769
91 EXCHANGE TRADED CONCEPTS, LLC 1.66% of their portfolio Oklahoma City, OK 1,310,0761.3m $130.0m $130.0m 1.66% New
92 REBALANCE, LLC 8.76% of their portfolio PALO ALTO, CA 1,298,9691.3m $128.9m $128.9m 8.76% Added +2.5k +2,545
93 Trajan Wealth LLC 6.25% of their portfolio SCOTTSDALE, AZ 1,288,6861.3m $127.8m $127.8m 6.25% Added +43.0k +42,957
94 Cambridge Investment Research Advisors, Inc. 0.37% of their portfolio FAIRFIELD, IA 1,239,2311.2m $122.9m $122.9m 0.37% Added +63.8k +63,831
95 Steward Partners Investment Advisory, LLC 0.96% of their portfolio STAMFORD, CT 1,237,9081.2m $122.8m $122.8m 0.96% Added +93.7k +93,659
96 PRINCIPAL SECURITIES, INC. 2.25% of their portfolio DES MOINES, IA 1,207,0951.2m $119.7m $119.7m 2.25% Added +154.7k +154,690
97 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.95% of their portfolio TOKYO, M0 1,202,1101.2m $119.2m $119.2m 1.95% Added +69.6k +69,647
98 Howard Capital Management, LLC 1.69% of their portfolio Alpharetta, GA 1,135,5871.1m $112.7m $112.7m 1.69% Reduced -92.1k -92,138
99 Fisher Asset Management, LLC 0.04% of their portfolio PLANO, TX 1,123,6391.1m $111.5m $111.5m 0.04% Added +76.8k +76,751
100 Mill Creek Capital Advisors, LLC 2.42% of their portfolio Conshohocken, PA 1,101,3881.1m $109.3m $109.3m 2.42% Reduced -124.1k -124,099