Vault-13

ISHARES TR EEM

MSCI EMG MKT ETF · ETP · CUSIP 464287234 · ISIN US4642872349

1,277 institutional holders -4 vs Q1 2024
402,307,267402.3m shares reported held*
$17.2bnreported value*
76 new 371 added 541 reduced 82 sold out net sold ≈ $3.8bn (-89.0m 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 ($9.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.66. Options: 40 managers hold calls ($12.8bn notional), 49 hold puts ($16.0bn).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,221Q4 22: 1,319Q1 23: 1,322Q2 23: 1,328Q3 23: 1,282Q4 23: 1,317Q1 24: 1,281Q2 24: 1,2771,277Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 20221,221
Q4 20221,319
Q1 20231,322
Q2 20231,328
Q3 20231,282
Q4 20231,317
Q1 20241,281
Q2 20241,277

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 539 bought or addedQ4 22: 627 cut or sold outQ4 22Q1 23: 515 bought or addedQ1 23: 605 cut or sold outQ2 23: 496 bought or addedQ2 23: 636 cut or sold outQ2 23Q3 23: 385 bought or addedQ3 23: 667 cut or sold outQ4 23: 503 bought or addedQ4 23: 621 cut or sold outQ4 23Q1 24: 380 bought or addedQ1 24: 715 cut or sold outQ2 24: 447 bought or addedQ2 24: 623 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022539627
Q1 2023515605
Q2 2023496636
Q3 2023385667
Q4 2023503621
Q1 2024380715
Q2 2024447623

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bn$20bnQ3 23 calls: $8.3bnQ3 23 puts: $8.8bnQ3 23P/C 1.06Q4 23 calls: $8.2bnQ4 23 puts: $9.7bnQ4 23P/C 1.19Q1 24 calls: $10.2bnQ1 24 puts: $14.4bnQ1 24P/C 1.41Q2 24 calls: $12.8bnQ2 24 puts: $16.0bnQ2 24P/C 1.25
Numbers
QuarterCallsPutsP/C
Q3 2023$8.3bn$8.8bn1.06
Q4 2023$8.2bn$9.7bn1.19
Q1 2024$10.2bn$14.4bn1.41
Q2 2024$12.8bn$16.0bn1.25

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +9,436,483+9.4m
JANE STREET GROUP, LLC Added +5,209,046+5.2m
JPMORGAN CHASE & CO Added +4,400,678+4.4m
Board of Trustees of The Leland Stanford Junior University New +3,543,452+3.5m
BANK OF MONTREAL /CAN/ Added +3,262,010+3.3m
CITADEL ADVISORS LLC Added +2,685,476+2.7m
NISA INVESTMENT ADVISORS, LLC New +1,750,000+1.8m
BNP PARIBAS FINANCIAL MARKETS Added +1,120,379+1.1m
Advisors Preferred, LLC New +1,051,159+1.1m
BlackRock Inc. Added +1,009,238+1.0m

Biggest sellers

MORGAN STANLEY Reduced -91,217,742-91.2m
OLD MISSION CAPITAL LLC Reduced -16,087,335-16.1m
MILLENNIUM MANAGEMENT LLC Reduced -1,925,095-1.9m
Walleye Trading LLC Reduced -1,747,345-1.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,430,011-1.4m
DOW CHEMICAL CO /DE/ Sold out -1,299,836-1.3m
Connor, Clark & Lunn Investment Management Ltd. Sold out -1,263,400-1.3m
Qube Research & Technologies Ltd Reduced -1,216,128-1.2m
HSBC HOLDINGS PLC Reduced -1,160,288-1.2m
Squarepoint Ops LLC Reduced -1,067,396-1.1m

Biggest calls

Brevan Howard Capital Management LP Added $1.9bn43.7m shares
UBS Group AG Added $1.4bn31.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.2bn28.2m shares
GOLDMAN SACHS GROUP INC Reduced $1.2bn27.7m shares
BANK OF AMERICA CORP /DE/ Added $1.1bn26.6m shares
CITIGROUP INC Reduced $1.1bn26.5m shares
CITADEL ADVISORS LLC Reduced $1.0bn24.4m shares
BARCLAYS PLC Added $749.9m17.6m shares
Rokos Capital Management LLP New $745.4m17.5m shares
MILLENNIUM MANAGEMENT LLC Reduced $587.2m13.8m shares

Biggest puts

GOLDMAN SACHS GROUP INC Added $3.0bn70.1m shares
Brevan Howard Capital Management LP Added $1.9bn44.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5bn34.7m shares
Squarepoint Ops LLC Added $1.3bn29.8m shares
UBS Group AG Added $1.2bn29.2m shares
MILLENNIUM MANAGEMENT LLC Reduced $1.1bn25.8m shares
CITADEL ADVISORS LLC Added $1.1bn25.4m shares
CITIGROUP INC Reduced $1.0bn24.6m shares
BANK OF AMERICA CORP /DE/ Added $1.0bn24.5m shares
Allianz Asset Management GmbH Reduced $647.8m15.2m 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.16% of their portfolio NEW YORK, NY 49,278,89149.3m $2.1bn $2.1bn 0.16% Reduced -91.2m -91,217,742
2 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 36,354,92836.4m $1.5bn $1.5bn 0.15% Added +9.4m +9,436,483
3 JANE STREET GROUP, LLC 1.39% of their portfolio NEW YORK, NY 29,985,20430.0m $1.3bn $1.3bn 1.39% Added +5.2m +5,209,046
4 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 26,864,13226.9m $1.1bn $1.1bn 0.05% Added +4.4m +4,400,678
5 GOLDMAN SACHS GROUP INC 0.21% of their portfolio NEW YORK, NY 25,631,75425.6m $1.1bn $1.1bn 0.21% Added +95.5k +95,486
6 BlackRock Inc. 0.02% of their portfolio New York, NY 16,228,37216.2m $691.2m $691.2m 0.02% Added +1.0m +1,009,238
7 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 10,799,86010.8m $460.0m $460.0m 0.12% Reduced -338.6k -338,568
8 UBS Group AG 0.14% of their portfolio ZURICH, V8 10,549,39210.5m $449.3m $449.3m 0.14% Reduced -585.5k -585,536
9 Retirement Systems of Alabama 1.51% of their portfolio MONTGOMERY, AL 9,183,8529.2m $391.1m $391.1m 1.51% Unchanged
10 Swiss Life Asset Management Ltd 4.34% of their portfolio Zurich, V8 8,648,2668.6m $368.3m $368.3m 4.34% Unchanged
11 BANK OF MONTREAL /CAN/ 0.09% of their portfolio TORONTO, A6 7,092,8517.1m $302.0m $302.0m 0.09% Added +3.3m +3,262,010
12 OLD MISSION CAPITAL LLC 5.97% of their portfolio CHICAGO, IL 5,346,8515.3m $227.7m $227.7m 5.97% Reduced -16.1m -16,087,335
13 PNC Financial Services Group, Inc. 0.15% of their portfolio Pittsburgh, PA 5,161,8345.2m $219.8m $219.8m 0.15% Reduced -77.9k -77,898
14 HSBC HOLDINGS PLC 0.14% of their portfolio LONDON, X0 5,034,6205.0m $215.4m $215.4m 0.14% Reduced -1.2m -1,160,288
15 CITIGROUP INC 0.21% of their portfolio NEW YORK, NY 5,031,6005.0m $214.3m $214.3m 0.21% Reduced -553.5k -553,533
16 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 4,639,4754.6m $197.6m $197.6m 0.05% Added +605.1k +605,137
17 BNP PARIBAS FINANCIAL MARKETS 0.20% of their portfolio PARIS, I0 4,435,6014.4m $188.9m $188.9m 0.20% Added +1.1m +1,120,379
18 TD Asset Management Inc 0.17% of their portfolio Toronto, A6 4,216,5414.2m $179.6m $179.6m 0.17% Reduced -129.3k -129,278
19 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 3,708,2203.7m $157.9m $157.9m 0.03% Reduced -184.4k -184,442
20 Board of Trustees of The Leland Stanford Junior University 10.25% of their portfolio STANFORD, CA 3,543,4523.5m $150.9m $150.9m 10.25% New
21 US BANCORP \DE\ 0.20% of their portfolio MINNEAPOLIS, MN 3,375,5293.4m $143.8m $143.8m 0.20% Reduced -153.1k -153,109
22 CITADEL ADVISORS LLC 0.14% of their portfolio MIAMI, FL 3,369,5123.4m $143.5m $143.5m 0.14% Added +2.7m +2,685,476
23 Man Group plc 0.31% of their portfolio LONDON, X0 2,762,9912.8m $117.7m $117.7m 0.31% Added +389.6k +389,569
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.20% of their portfolio BALA CYNWYD, PA 2,723,8942.7m $116.0m $116.0m 0.20% Reduced -1.4m -1,430,011
25 STATE OF WISCONSIN INVESTMENT BOARD 0.28% of their portfolio MADISON, WI 2,489,1002.5m $106.0m $106.0m 0.28% Added +2.3k +2,300
26 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 2,409,1262.4m $102.6m $102.6m 0.04% Reduced -277.7k -277,705
27 BARCLAYS PLC 0.05% of their portfolio LONDON, X0 2,387,0032.4m $101.7m $101.7m 0.05% Reduced -140.3k -140,313
28 GREENLEAF TRUST 0.96% of their portfolio KALAMAZOO, MI 2,386,7272.4m $101.7m $101.7m 0.96% Reduced -190.5k -190,543
29 Cassaday & Co Wealth Management LLC 3.11% of their portfolio MCLEAN, VA 2,324,1142.3m $99.0m $99.0m 3.11% Reduced -27.9k -27,856
30 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,995,1252.0m $85.0m $85.0m 0.04% Added +35.3k +35,297
31 Hirtle & Co., LLC 3.31% of their portfolio WEST CONSHOHOCKEN, PA 1,803,3271.8m $76.8m $76.8m 3.31% Reduced -40.7k -40,731
32 NISA INVESTMENT ADVISORS, LLC 0.47% of their portfolio ST. LOUIS, MO 1,750,0001.8m $74.5m $74.5m 0.47% New
33 Mariner, LLC 0.14% of their portfolio Overland Park, KS 1,661,4251.7m $70.8m $70.8m 0.14% Added +49.0k +49,003
34 FACTORY MUTUAL INSURANCE CO 0.75% of their portfolio WALTHAM, MA 1,546,4001.5m $65.9m $65.9m 0.75% Unchanged
35 MARSHALL WACE, LLP 0.09% of their portfolio LONDON, X0 1,529,8151.5m $65.2m $65.2m 0.09% Added +361.3k +361,284
36 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 1,498,6741.5m $63.8m $63.8m 0.06% Added +7.0k +6,995
37 TOTAL INVESTMENT MANAGEMENT INC 8.32% of their portfolio SCOTTSDALE, AZ 1,484,4841.5m $63.2m $63.2m 8.32% Added +14.3k +14,269
38 REGIONS FINANCIAL CORP 0.48% of their portfolio BIRMINGHAM, AL 1,473,3411.5m $62.7m $62.7m 0.48% Reduced -24.5k -24,520
39 NATIONAL BANK OF CANADA /FI/ 0.10% of their portfolio MONTREAL, A8 1,447,3591.4m $61.8m $61.8m 0.10% Added +324.1k +324,051
40 HALBERT HARGROVE GLOBAL ADVISORS, LLC 3.56% of their portfolio LONG BEACH, CA 1,425,7521.4m $60.7m $60.7m 3.56% Reduced -56.7k -56,733
41 PRUDENTIAL FINANCIAL INC 0.08% of their portfolio NEWARK, NJ 1,310,6021.3m $55.8m $55.8m 0.08% Added +424.1k +424,078
42 Vontobel Holding Ltd. 0.17% of their portfolio ZURICH, V8 1,229,1731.2m $52.4m $52.4m 0.17% Reduced -54.3k -54,333
43 CONNABLE OFFICE INC 5.28% of their portfolio KALAMAZOO, MI 1,151,4371.2m $49.0m $49.0m 5.28% Reduced -780 -780
44 FMR LLC 0.00% of their portfolio BOSTON, MA 1,144,7621.1m $48.8m $48.8m 0.00% Reduced -1.0m -1,010,006
45 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 1,132,2301.1m $48.2m $48.2m 0.07% Reduced -67.8k -67,801
46 Advisors Preferred, LLC 7.76% of their portfolio ROCKVILLE, MD 1,051,1591.1m $44.9m $44.9m 7.76% New
47 FIFTH THIRD BANCORP 0.17% of their portfolio CINCINNATI, OH 1,025,3711.0m $43.7m $43.7m 0.17% Reduced -85.7k -85,674
48 KEYBANK NATIONAL ASSOCIATION/OH 0.18% of their portfolio BROOKLYN, OH 1,016,4091.0m $43.3m $43.3m 0.18% Reduced -62.9k -62,862
49 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 1,016,0811.0m $43.3m $43.3m 0.05% Added +318.6k +318,629
50 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,005,4801.0m $42.8m $42.8m 0.01% Reduced -59.3k -59,268
51 CIBC Private Wealth Group LLC 0.08% of their portfolio ATLANTA, GA 962,511962.5k $42.0m $42.0m 0.08% Reduced -34.0k -33,969
52 M&T Bank Corp 0.13% of their portfolio BUFFALO, NY 909,635909.6k $38.7m $38.7m 0.13% Reduced -18.5k -18,452
53 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 896,653896.7k $38.2m $38.2m 0.03% Added +108.7k +108,714
54 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 870,587870.6k $37.1m $37.1m 0.06% Added +40.8k +40,826
55 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 860,842860.8k $36.7m $36.7m 0.02% Added +304.8k +304,785
56 Squarepoint Ops LLC 0.14% of their portfolio NEW YORK, NY 858,305858.3k $36.6m $36.6m 0.14% Reduced -1.1m -1,067,396
57 SG Americas Securities, LLC 0.23% of their portfolio NEW YORK, NY 855,203855.2k $36.4m $36.4m 0.23% Reduced -911.3k -911,290
58 BANK OF NOVA SCOTIA 0.07% of their portfolio TORONTO, A6 807,972808.0k $34.4m $34.4m 0.07% Added +414.9k +414,920
59 Trust Co 4.43% of their portfolio MANHATTAN, KS 805,565805.6k $34.3m $34.3m 4.43% Added +4.7k +4,728
60 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 805,546805.5k $34.3m $34.3m 0.04% Reduced -25.0k -24,972
61 Twin Tree Management, LP 1.01% of their portfolio DALLAS, TX 804,408804.4k $34.3m $34.3m 1.01% New
62 Checchi Capital Advisers, LLC 2.69% of their portfolio BEVERLY HILLS, CA 797,749797.7k $34.0m $34.0m 2.69% Added +402.4k +402,389
63 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 788,170788.2k $33.6m $33.6m 0.01% Reduced -47.3k -47,346
64 Johns Hopkins University 1.21% of their portfolio BALTIMORE, MD 711,296711.3k $30.3m $30.3m 1.21% Unchanged
65 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 692,688692.7k $29.5m $29.5m 0.04% Reduced -12.2k -12,246
66 ACADIAN ASSET MANAGEMENT LLC 0.09% of their portfolio Boston, MA 678,340678.3k $28.9m $28.9m 0.09% Reduced -97.3k -97,257
67 CIBC WORLD MARKET INC. 0.07% of their portfolio TORONTO, A6 675,923675.9k $28.8m $28.8m 0.07% Added +1.5k +1,546
68 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 668,549668.5k $28.5m $28.5m 0.03% Reduced -1.8k -1,816
69 DUPONT CAPITAL MANAGEMENT CORP 2.33% of their portfolio Wilmington, DE 628,325628.3k $26.8m $26.8m 2.33% Unchanged
70 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 617,154617.2k $26.3m $26.3m 0.04% Reduced -26.5k -26,512
71 HUNTINGTON NATIONAL BANK 0.20% of their portfolio COLUMBUS, OH 613,551613.6k $26.1m $26.1m 0.20% Reduced -7.1k -7,138
72 Provenance Wealth Advisors, LLC 3.53% of their portfolio FORT LAUDERDALE, FL 593,039593.0k $25.3m $25.3m 3.53% Reduced -5.8k -5,754
73 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 574,667574.7k $24.5m $24.5m 0.04% Added +34.1k +34,069
74 Cresset Asset Management, LLC 0.10% of their portfolio Chicago, IL 532,853532.9k $22.7m $22.7m 0.10% Added +28.3k +28,276
75 Quent Capital, LLC 2.46% of their portfolio NEW YORK, NY 524,874524.9k $22.4m $22.4m 2.46% Added +1.8k +1,846
76 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 518,969519.0k $22.1m $22.1m 0.09% Reduced -17.2k -17,171
77 GLENMEDE TRUST CO NA 0.11% of their portfolio PHILADELPHIA, PA 512,196512.2k $21.8m $21.8m 0.11% Reduced -22.6k -22,552
78 COMERICA BANK 0.09% of their portfolio DALLAS, TX 507,264507.3k $21.6m $21.6m 0.09% Reduced -33.7k -33,652
79 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 504,795504.8k $21.5m $21.5m 0.02% Reduced -1.9m -1,925,095
80 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 472,108472.1k $20.1m $20.1m 0.01% Reduced -9.5k -9,519
81 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 469,520469.5k $20.0m $20.0m 0.05% Reduced -27.1k -27,098
82 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 463,360463.4k $19.7m $19.7m 0.05% Added +285.0k +285,042
83 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 434,935434.9k $18.5m $18.5m 0.04% Added +13.9k +13,900
84 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 428,576428.6k $18.6m $18.6m 0.06% Added +195.9k +195,939
85 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 418,044418.0k $17.8m $17.8m 0.05% Reduced -240 -240
86 Confluence Wealth Services, Inc. 1.40% of their portfolio MCMURRAY, PA 413,321413.3k $17.6m $17.6m 1.40% Added +51.9k +51,869
87 Pathstone Holdings, LLC 0.08% of their portfolio ENGLEWOOD, NJ 410,849410.8k $17.5m $17.5m 0.08% Added +46.4k +46,441
88 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 392,029392.0k $16.7m $16.7m 0.02% Reduced -8.5k -8,483
89 Pictet North America Advisors SA 1.80% of their portfolio GENEVA 73, V8 389,700389.7k $16.6m $16.6m 1.80% Reduced -47.0k -47,020
90 DRW Securities, LLC 1.01% of their portfolio CHICAGO, IL 388,257388.3k $16.5m $16.5m 1.01% Reduced -93.7k -93,731
91 FineMark National Bank & Trust 0.60% of their portfolio FORT MYERS, FL 382,759382.8k $16.3m $16.3m 0.60% Added +4.6k +4,617
92 HT Partners LLC 5.73% of their portfolio CENTERBROOK, CT 380,360380.4k $16.2m $16.2m 5.73% Reduced -2.3k -2,273
93 CAPSTONE INVESTMENT ADVISORS, LLC 0.35% of their portfolio NEW YORK, NY 377,444377.4k $16.1m $16.1m 0.35% Added +5.4k +5,444
94 Mesirow Financial Investment Management, Inc. 0.36% of their portfolio CHICAGO, IL 373,551373.6k $15.9m $15.9m 0.36% Reduced -3.4k -3,364
95 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 372,766372.8k $15.9m $15.9m 0.04% Reduced -98.9k -98,897
96 OKABENA INVESTMENT SERVICES INC 4.99% of their portfolio MINNEAPOLIS, MN 369,324369.3k $15.7m $15.7m 4.99% Unchanged
97 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 350,683350.7k $14.9m $14.9m 0.04% Reduced -7.0k -6,959
98 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 347,949347.9k $14.8m $14.8m 0.05% Reduced -883 -883
99 Sand Hill Global Advisors, LLC 0.67% of their portfolio Palo Alto, CA 346,636346.6k $14.8m $14.8m 0.67% Reduced -1.3k -1,301
100 Financiere des Professionnels - Fonds d'investissement inc. 1.15% of their portfolio MONTREAL, A8 344,500344.5k $14.8m $14.8m 1.15% Added +28.0k +28,000