Vault-13

ISHARES TR LQD

IBOXX INV CP ETF · ETP · CUSIP 464287242 · ISIN US4642872422

1,116 institutional holders +5 vs Q1 2026
303,195,078303.2m shares reported held*
$33.1bnreported value*
93 new 433 added 380 reduced 86 sold out net sold ≈ $383.6m (-35.7m 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 ($57.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $109.22. Options: 16 managers hold calls ($4.1bn notional), 25 hold puts ($4.5bn).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 995Q4 22: 1,029Q1 23: 1,020Q2 23: 1,019Q3 23: 1,039Q4 23: 1,109Q1 24: 1,059Q2 24: 1,016Q3 24: 1,054Q4 24: 1,092Q1 25: 1,047Q2 25: 1,060Q3 25: 1,056Q4 25: 1,150Q1 26: 1,111Q2 26: 1,1161,116Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022995
Q4 20221,029
Q1 20231,020
Q2 20231,019
Q3 20231,039
Q4 20231,109
Q1 20241,059
Q2 20241,016
Q3 20241,054
Q4 20241,092
Q1 20251,047
Q2 20251,060
Q3 20251,056
Q4 20251,150
Q1 20261,111
Q2 20261,116

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 523 bought or addedQ3 24: 427 cut or sold outQ4 24: 453 bought or addedQ4 24: 501 cut or sold outQ4 24Q1 25: 451 bought or addedQ1 25: 504 cut or sold outQ2 25: 450 bought or addedQ2 25: 503 cut or sold outQ2 25Q3 25: 514 bought or addedQ3 25: 442 cut or sold outQ4 25: 548 bought or addedQ4 25: 430 cut or sold outQ4 25Q1 26: 529 bought or addedQ1 26: 506 cut or sold outQ2 26: 526 bought or addedQ2 26: 466 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024523427
Q4 2024453501
Q1 2025451504
Q2 2025450503
Q3 2025514442
Q4 2025548430
Q1 2026529506
Q2 2026526466

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bn$8bnQ3 25 calls: $3.5bnQ3 25 puts: $6.5bnQ3 25P/C 1.87Q4 25 calls: $3.8bnQ4 25 puts: $4.9bnQ4 25P/C 1.27Q1 26 calls: $4.9bnQ1 26 puts: $7.8bnQ1 26P/C 1.60Q2 26 calls: $4.1bnQ2 26 puts: $4.5bnQ2 26P/C 1.11
Numbers
QuarterCallsPutsP/C
Q3 2025$3.5bn$6.5bn1.87
Q4 2025$3.8bn$4.9bn1.27
Q1 2026$4.9bn$7.8bn1.60
Q2 2026$4.1bn$4.5bn1.11

Biggest buyers

ONTARIO TEACHERS PENSION PLAN BOARD New +6,350,000+6.3m
MORGAN STANLEY Added +2,608,039+2.6m
CITIGROUP INC Added +2,492,211+2.5m
Wealthfront Advisers LLC Added +1,700,576+1.7m
AOZORA BANK, LTD. Added +1,420,000+1.4m
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Added +1,116,000+1.1m
State of New Jersey Common Pension Fund D Added +1,050,000+1.1m
Man Group plc Added +918,925+918.9k
STATE OF MICHIGAN RETIREMENT SYSTEM Added +900,000+900.0k
Centiva Capital, LP New +890,406+890.4k

Biggest sellers

Gallagher Fiduciary Advisors, LLC Reduced -32,236,365-32.2m
GOLDMAN SACHS GROUP INC Reduced -8,132,603-8.1m
BNP PARIBAS FINANCIAL MARKETS Reduced -6,125,523-6.1m
BARINGS LLC Reduced -5,892,152-5.9m
AMERIPRISE FINANCIAL INC Reduced -2,912,828-2.9m
BlackRock, Inc. Reduced -2,305,892-2.3m
Brevan Howard Capital Management LP Sold out -1,975,000-2.0m
Symetra Investment Management Co Reduced -1,616,170-1.6m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,506,210-1.5m
SONA ASSET MANAGEMENT (US) LLC Reduced -904,656-904.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $842.2m7.7m shares
JANE STREET GROUP, LLC Added $672.9m6.2m shares
CITADEL ADVISORS LLC Added $624.1m5.7m shares
BARCLAYS PLC Added $559.9m5.1m shares
GOLDMAN SACHS GROUP INC Reduced $537.0m4.9m shares
MILLENNIUM MANAGEMENT LLC Added $354.5m3.2m shares
Brevan Howard Capital Management LP New $240.0m2.2m shares
WELLS FARGO & COMPANY/MN Reduced $122.7m1.1m shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New $54.5m500.0k shares
Verition Fund Management LLC Reduced $32.7m300.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1bn10.5m shares
CAPSTONE INVESTMENT ADVISORS, LLC Added $681.4m6.2m shares
BARCLAYS PLC Reduced $485.4m4.5m shares
GOLDMAN SACHS GROUP INC Reduced $484.8m4.4m shares
Brevan Howard Capital Management LP Added $305.9m2.8m shares
CITADEL ADVISORS LLC Reduced $300.9m2.8m shares
JANE STREET GROUP, LLC Reduced $239.1m2.2m shares
MILLENNIUM MANAGEMENT LLC Reduced $163.9m1.5m shares
Waratah Capital Advisors Ltd. Added $163.6m1.5m shares
CITIGROUP INC Added $144.0m1.3m 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock Portfolio Management LLC 13G · institution +1.9 pts · filed 2026-10-27 8.2% +1.9 pts 22.8m≈ $2.5bn 2026-10-27

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.18% of their portfolio CHARLOTTE, NC 25,658,14725.7m $2.8bn $2.8bn 0.18% Reduced -140.9k -140,875
2 BlackRock, Inc. 0.03% of their portfolio New York, NY 19,248,75119.2m $2.1bn $2.1bn 0.03% Reduced -2.3m -2,305,892
3 Meiji Yasuda Life Insurance Co 69.19% of their portfolio TOKYO, M0 19,120,36819.1m $2.1bn $2.1bn 69.19% Unchanged
4 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 17,429,34017.4m $1.9bn $1.9bn 0.10% Added +2.6m +2,608,039
5 Wealthfront Advisers LLC 2.61% of their portfolio Palo Alto, CA 12,435,41312.4m $1.4bn $1.4bn 2.61% Added +1.7m +1,700,576
6 Financial Engines Advisors L.L.C. 2.21% of their portfolio SANTA CLARA, CA 11,419,91011.4m $1.2bn $1.2bn 2.21% Added +506.7k +506,700
7 PRUDENTIAL FINANCIAL INC 1.26% of their portfolio NEWARK, NJ 10,601,42610.6m $1.2bn $1.2bn 1.26% Unchanged
8 Nuveen, LLC 0.27% of their portfolio CHARLOTTE, NC 10,235,20010.2m $1.1bn $1.1bn 0.27% Reduced -751.8k -751,800
9 Japan Science & Technology Agency 17.55% of their portfolio TOKYO, M0 8,506,4508.5m $927.8m $927.8m 17.55% Unchanged
10 Allianz SE 9.05% of their portfolio Munich, 2M 7,862,2057.9m $857.5m $857.5m 9.05% Unchanged
11 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 7,493,8727.5m $817.4m $817.4m 0.09% Reduced -8.1m -8,132,603
12 ONTARIO TEACHERS PENSION PLAN BOARD 4.40% of their portfolio Toronto, A6 6,350,0006.3m $692.6m $692.6m 4.40% New
13 ENVESTNET ASSET MANAGEMENT INC 0.16% of their portfolio Berwyn, PA 6,101,2426.1m $665.5m $665.5m 0.16% Reduced -21.6k -21,649
14 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 5,090,7145.1m $554.7m $554.7m 0.11% Reduced -2.9m -2,912,828
15 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 4,666,0824.7m $508.9m $508.9m 0.09% Reduced -581.7k -581,742
16 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 5.83% of their portfolio MILWAUKEE, WI 4,559,4544.6m $497.3m $497.3m 5.83% Added +1.1m +1,116,000
17 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 4,469,5384.5m $487.5m $487.5m 0.11% Added +270.5k +270,488
18 UBS Group AG 0.08% of their portfolio ZURICH, V8 4,451,0084.5m $485.5m $485.5m 0.08% Reduced -652.7k -652,664
19 National Mutual Insurance Federation of Agricultural Cooperatives 2.88% of their portfolio TOKYO, JAPAN, M0 4,040,4004.0m $440.7m $440.7m 2.88% Unchanged
20 Mitsubishi UFJ Asset Management Co., Ltd. 0.24% of their portfolio TOKYO, M0 3,997,7124.0m $436.0m $436.0m 0.24% Added +289.4k +289,447
21 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.38% of their portfolio BALA CYNWYD, PA 3,926,3643.9m $428.2m $428.2m 0.38% Reduced -1.5m -1,506,210
22 BNP PARIBAS 10.04% of their portfolio NEW YORK, NY 3,391,2283.4m $369.9m $369.9m 10.04% Added +817.5k +817,462
23 STATE OF MICHIGAN RETIREMENT SYSTEM 1.48% of their portfolio EAST LANSING, MI 3,072,4003.1m $335.1m $335.1m 1.48% Added +900.0k +900,000
24 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,795,6292.8m $304.9m $304.9m 0.05% Added +329.9k +329,850
25 BARINGS LLC 5.26% of their portfolio CHARLOTTE, NC 2,720,2112.7m $296.7m $296.7m 5.26% Reduced -5.9m -5,892,152
26 CITIGROUP INC 0.14% of their portfolio NEW YORK, NY 2,709,9372.7m $295.6m $295.6m 0.14% Added +2.5m +2,492,211
27 Empower Annuity Insurance Co 100.00% of their portfolio GREENWOOD VILLAGE, CO 2,456,8502.5m $268.0m $268.0m 100.00% Unchanged
28 SCHRODER INVESTMENT MANAGEMENT GROUP 0.19% of their portfolio London, X0 2,409,0212.4m $264.3m $264.3m 0.19% Added +316.3k +316,311
29 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,046,1512.0m $224.5m $224.5m 0.01% Added +420.8k +420,847
30 Migdal Insurance & Financial Holdings Ltd. 1.37% of their portfolio Petach Tikva, L3 1,965,0002.0m $214.3m $214.3m 1.37% Unchanged
31 AOZORA BANK, LTD. 100.00% of their portfolio TOKYO, M0 1,820,0001.8m $198.5m $198.5m 100.00% Added +1.4m +1,420,000
32 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 1,804,2391.8m $196.8m $196.8m 0.02% Added +26.5k +26,498
33 Fisher Asset Management, LLC 0.06% of their portfolio PLANO, TX 1,783,3031.8m $194.5m $194.5m 0.06% Reduced -77.1k -77,083
34 Members Trust Co 5.27% of their portfolio TAMPA, FL 1,552,9701.6m $169.4m $169.4m 5.27% Reduced -16.0k -16,038
35 BARCLAYS PLC 0.05% of their portfolio LONDON, X0 1,541,8781.5m $168.2m $168.2m 0.05% Reduced -897.2k -897,197
36 State of New Jersey Common Pension Fund D 0.54% of their portfolio TRENTON, NJ 1,460,9911.5m $159.4m $159.4m 0.54% Added +1.1m +1,050,000
37 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 1,445,7081.4m $157.7m $157.7m 0.04% Added +284.9k +284,928
38 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 1.45% of their portfolio New York, NY 1,368,1401.4m $149.2m $149.2m 1.45% Unchanged
39 MML INVESTORS SERVICES, LLC 0.27% of their portfolio SPRINGFIELD, MA 1,199,4101.2m $130.8m $130.8m 0.27% Added +203.6k +203,646
40 GDS Wealth Management 6.17% of their portfolio FLOWER MOUND, TX 1,189,1261.2m $129.7m $129.7m 6.17% Added +195.0k +195,038
41 North Dakota State Investment Board 5.17% of their portfolio BISMARCK, ND 1,167,8641.2m $127.4m $127.4m 5.17% Added +56.5k +56,490
42 Cetera Investment Advisers 0.11% of their portfolio SCHAUMBURG, IL 1,103,1791.1m $120.3m $120.3m 0.11% Added +67.4k +67,420
43 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 1,094,6811.1m $119.4m $119.4m 0.06% Reduced -31.5k -31,481
44 Bridgewater Associates, LP 0.47% of their portfolio Westport, CT 1,050,5001.1m $114.6m $114.6m 0.47% Added +28.8k +28,800
45 Man Group plc 0.20% of their portfolio LONDON, X0 979,525979.5k $106.8m $106.8m 0.20% Added +918.9k +918,925
46 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 974,526974.5k $106.3m $106.3m 0.18% Reduced -22.1k -22,064
47 Capula Management Ltd 0.45% of their portfolio Grand Cayman, E9 931,663931.7k $101.6m $101.6m 0.45% Added +862.6k +862,619
48 Mirae Asset Global Investments Co., Ltd. 0.19% of their portfolio SEOUL, M5 921,293921.3k $100.5m $100.5m 0.19% Added +510.2k +510,229
49 Valmark Advisers, Inc. 1.07% of their portfolio AKRON, OH 920,761920.8k $100.4m $100.4m 1.07% Added +29.4k +29,379
50 Farther Finance Advisors, LLC 0.78% of their portfolio SAN FRANCISCO, CA 913,046913.0k $99.6m $99.6m 0.78% Added +186.3k +186,330
51 PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio DES MOINES, IA 905,000905.0k $98.7m $98.7m 0.05% Added +330.0k +330,000
52 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 894,125894.1k $97.5m $97.5m 0.04% Added +344.5k +344,451
53 Centiva Capital, LP 3.27% of their portfolio New York, NY 890,406890.4k $97.1m $97.1m 3.27% New
54 Verition Fund Management LLC 0.68% of their portfolio GREENWICH, CT 880,355880.4k $96.0m $96.0m 0.68% New
55 SUMITOMO MITSUI FINANCIAL GROUP, INC. 1.79% of their portfolio TOKYO, M0 859,205859.2k $93.7m $93.7m 1.79% Added +24.2k +24,167
56 Point72 Asset Management, L.P. 0.14% of their portfolio STAMFORD, CT 850,000850.0k $92.7m $92.7m 0.14% New
57 Legal & General Group Plc 0.02% of their portfolio London, X0 817,911817.9k $89.2m $89.2m 0.02% Reduced -161.7k -161,714
58 APG Asset Management US Inc. 0.60% of their portfolio New York, NY 786,699786.7k $85.3m $85.3m 0.60% Added +87.8k +87,806
59 Symetra Investment Management Co 7.20% of their portfolio Farmington, CT 755,710755.7k $82.4m $82.4m 7.20% Reduced -1.6m -1,616,170
60 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 735,113735.1k $80.2m $80.2m 0.04% Added +47.1k +47,065
61 WINTON GROUP Ltd 2.51% of their portfolio LONDON, X0 710,173710.2k $77.5m $77.5m 2.51% New
62 Allspring Global Investments Holdings, LLC 0.12% of their portfolio CHARLOTTE, NC 710,099710.1k $77.2m $77.2m 0.12% Reduced -107.2k -107,205
63 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 704,701704.7k $76.9m $76.9m 0.06% Added +19.5k +19,540
64 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 700,336700.3k $76.4m $76.4m 0.09% Added +112.2k +112,250
65 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 693,381693.4k $75.6m $75.6m 0.04% Added +152.2k +152,227
66 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 686,166686.2k $74.8m $74.8m 0.09% Added +440.8k +440,849
67 Quadrature Capital Ltd 0.62% of their portfolio LONDON, X0 664,659664.7k $72.5m $72.5m 0.62% New
68 RENAISSANCE TECHNOLOGIES LLC 0.10% of their portfolio NEW YORK, NY 644,200644.2k $70.3m $70.3m 0.10% Added +552.2k +552,200
69 DRW Securities, LLC 3.92% of their portfolio CHICAGO, IL 603,052603.1k $65.8m $65.8m 3.92% Added +579.4k +579,359
70 Kestra Advisory Services, LLC 0.21% of their portfolio AUSTIN, TX 593,522593.5k $64.7m $64.7m 0.21% Added +208.8k +208,814
71 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.27% of their portfolio Stamford, CT 524,851524.9k $57.2m $57.2m 0.27% Added +33.5k +33,492
72 Qube Research & Technologies Ltd 0.06% of their portfolio LONDON, X0 466,177466.2k $50.8m $50.8m 0.06% New
73 BANK HAPOALIM BM 3.34% of their portfolio TEL AVIV, L3 461,300461.3k $50.3m $50.3m 3.34% Added +277.3k +277,300
74 Polar Asset Management Partners Inc. 0.92% of their portfolio TORONTO, A6 460,000460.0k $50.3m $50.3m 0.92% New
75 Symmetry Investments LP 5.51% of their portfolio ST HELIER, Y9 455,000455.0k $49.6m $49.6m 5.51% New
76 Jupiter Topco LLC 0.02% of their portfolio NEW YORK, NY 450,924450.9k $49.2m $49.2m 0.02% First filing
77 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 432,078432.1k $47.1m $47.1m 0.03% Added +190.5k +190,483
78 MetLife Investment Management, LLC 0.21% of their portfolio Whippany, NJ 426,500426.5k $46.5m $46.5m 0.21% Reduced -8.4k -8,440
79 iA Global Asset Management Inc. 0.54% of their portfolio QUEBEC, A8 413,193413.2k $45.1m $45.1m 0.54% Added +68.0k +67,973
80 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 385,481385.5k $42.0m $42.0m 0.04% Reduced -5.0k -5,024
81 LMR Partners LLP 0.31% of their portfolio LONDON, X0 383,157383.2k $41.8m $41.8m 0.31% New
82 RITHOLTZ WEALTH MANAGEMENT 0.61% of their portfolio NEW YORK, NY 375,824375.8k $41.0m $41.0m 0.61% Added +19.4k +19,443
83 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 366,293366.3k $40.0m $40.0m 0.05% Added +57.1k +57,061
84 Stratos Investment Management, LLC 1.39% of their portfolio BEACHWOOD, OH 352,343352.3k $38.4m $38.4m 1.39% Added +12.2k +12,232
85 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 350,937350.9k $38.3m $38.3m 0.04% Added +883 +883
86 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 338,916338.9k $37.0m $37.0m 0.06% Added +2.1k +2,088
87 Gallagher Fiduciary Advisors, LLC 1.21% of their portfolio ROLLING MEADOWS, IL 338,060338.1k $36.9m $36.9m 1.21% Reduced -32.2m -32,236,365
88 Sigma Planning Corp 0.92% of their portfolio ANN ARBOR, MI 335,905335.9k $36.6m $36.6m 0.92% Reduced -5.4k -5,403
89 Atria Investments, Inc 0.37% of their portfolio Charlotte, NC 335,754335.8k $36.6m $36.6m 0.37% Added +18.0k +17,976
90 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 335,165335.2k $36.6m $36.6m 0.04% Reduced -150.4k -150,372
91 Towercrest Capital Management 4.98% of their portfolio NEWTOWN, PA 327,308327.3k $35.7m $35.7m 4.98% Added +36.0k +36,040
92 Kingsview Wealth Management, LLC 0.43% of their portfolio GRANTS PASS, OR 327,250327.2k $35.7m $35.7m 0.43% Added +20.3k +20,308
93 Cheviot Value Management, LLC 3.59% of their portfolio BEVERLY HILLS, CA 323,920323.9k $35.3m $35.3m 3.59% Reduced -8.0k -7,973
94 PARK AVENUE SECURITIES LLC 0.22% of their portfolio NEW YORK, NY 321,974322.0k $35.1m $35.1m 0.22% Added +17.9k +17,869
95 Envestnet Portfolio Solutions, Inc. 0.16% of their portfolio BERWYN, PA 309,351309.4k $33.7m $33.7m 0.16% Reduced -18.5k -18,534
96 HUNTINGTON NATIONAL BANK 0.16% of their portfolio COLUMBUS, OH 309,107309.1k $33.7m $33.7m 0.16% Reduced -48.2k -48,207
97 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 301,296301.3k $32.9m $32.9m 0.03% Added +27.9k +27,896
98 Bank Julius Baer & Co. Ltd, Zurich 0.09% of their portfolio ZURICH, V8 300,827300.8k $32.8m $32.8m 0.09% Added +118.4k +118,351
99 TORONTO DOMINION BANK 0.05% of their portfolio TORONTO, ONTARIO, A6 300,000300.0k $32.7m $32.7m 0.05% Reduced -200.0k -200,000
100 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 299,492299.5k $32.7m $32.7m 0.05% Added +10.4k +10,445