Vault-13

ISHARES TR IVE

S&P 500 VAL ETF · ETP · CUSIP 464287408

1,537 institutional holders -21 vs Q4 2024
156,770,766156.8m shares reported held*
$29.9bnreported value*
85 new 645 added 493 reduced 92 sold out net bought ≈ $2.7bn (+14.8m 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 ($61.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $190.99. Options: 7 managers hold calls ($37.4m notional), 5 hold puts ($9.4m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,048Q4 22: 1,117Q1 23: 1,126Q2 23: 1,148Q3 23: 1,148Q4 23: 1,257Q1 24: 1,358Q2 24: 1,368Q3 24: 1,443Q4 24: 1,558Q1 25: 1,5371,537Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,048
Q4 20221,117
Q1 20231,126
Q2 20231,148
Q3 20231,148
Q4 20231,257
Q1 20241,358
Q2 20241,368
Q3 20241,443
Q4 20241,558
Q1 20251,537

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 418 bought or addedQ2 23: 511 cut or sold outQ3 23: 357 bought or addedQ3 23: 516 cut or sold outQ3 23Q4 23: 479 bought or addedQ4 23: 482 cut or sold outQ1 24: 661 bought or addedQ1 24: 488 cut or sold outQ1 24Q2 24: 581 bought or addedQ2 24: 545 cut or sold outQ3 24: 648 bought or addedQ3 24: 536 cut or sold outQ3 24Q4 24: 657 bought or addedQ4 24: 552 cut or sold outQ1 25: 730 bought or addedQ1 25: 585 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023418511
Q3 2023357516
Q4 2023479482
Q1 2024661488
Q2 2024581545
Q3 2024648536
Q4 2024657552
Q1 2025730585

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 24 calls: $114.9mQ2 24 puts: $1.3mQ2 24P/C 0.01Q3 24 calls: $26.7mQ3 24 puts: $5.3mQ3 24P/C 0.20Q4 24 calls: $24.5mQ4 24 puts: $11.1mQ4 24P/C 0.45Q1 25 calls: $37.4mQ1 25 puts: $9.4mQ1 25P/C 0.25
Numbers
QuarterCallsPutsP/C
Q2 2024$114.9m$1.3m0.01
Q3 2024$26.7m$5.3m0.20
Q4 2024$24.5m$11.1m0.45
Q1 2025$37.4m$9.4m0.25

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +5,207,877+5.2m
LPL Financial LLC Added +1,699,340+1.7m
JPMORGAN CHASE & CO Added +922,557+922.6k
SOFI WEALTH, LLC Added +882,811+882.8k
MORGAN STANLEY Added +810,786+810.8k
BlackRock, Inc. Added +537,715+537.7k
PARK AVENUE SECURITIES LLC Added +502,776+502.8k
BANK OF AMERICA CORP /DE/ Added +431,416+431.4k
MML INVESTORS SERVICES, LLC Added +415,297+415.3k
CWM, LLC Added +356,756+356.8k

Biggest sellers

HUNTINGTON NATIONAL BANK Reduced -437,755-437.8k
Focus Partners Wealth Reduced -416,495-416.5k
USA FINANCIAL FORMULAS Reduced -404,246-404.2k
Modern Wealth Management, LLC Reduced -333,685-333.7k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -218,420-218.4k
WELLS FARGO & COMPANY/MN Reduced -216,383-216.4k
PINKERTON WEALTH, LLC Sold out -186,462-186.5k
Davis Selected Advisers Reduced -177,463-177.5k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Sold out -145,459-145.5k
McKinley Carter Wealth Services, Inc. Reduced -119,375-119.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $20.3m106.4k shares
IMC-Chicago, LLC Added $14.0m72.9k shares
WOLVERINE TRADING, LLC Reduced $1.3m6.8k shares
JANE STREET GROUP, LLC Reduced $1.0m5.3k shares
CITADEL ADVISORS LLC Reduced $705.1k3.7k shares
GROUP ONE TRADING LLC New $107.4k800 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $4.5m23.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.3m17.3k shares
Cubist Systematic Strategies, LLC New $705.1k3.7k shares
LPL Financial LLC Reduced $514.6k2.7k shares
WOLVERINE TRADING, LLC Reduced $358.7k1.9k 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 ENVESTNET ASSET MANAGEMENT INC 1.15% of their portfolio Berwyn, PA 18,643,64618.6m $3.6bn $3.6bn 1.15% Added +5.2m +5,207,877
2 JPMORGAN CHASE & CO 0.26% of their portfolio NEW YORK, NY 17,776,16317.8m $3.4bn $3.4bn 0.26% Added +922.6k +922,557
3 MORGAN STANLEY 0.19% of their portfolio NEW YORK, NY 13,819,80013.8m $2.6bn $2.6bn 0.19% Added +810.8k +810,786
4 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 8,579,9648.6m $1.6bn $1.6bn 0.15% Added +431.4k +431,416
5 LPL Financial LLC 0.52% of their portfolio FORT MILL, SC 6,977,2837.0m $1.3bn $1.3bn 0.52% Added +1.7m +1,699,340
6 WELLS FARGO & COMPANY/MN 0.29% of their portfolio SAN FRANCISCO, CA 6,269,7116.3m $1.2bn $1.2bn 0.29% Reduced -216.4k -216,383
7 UBS Group AG 0.15% of their portfolio ZURICH, V8 3,558,7443.6m $678.2m $678.2m 0.15% Reduced -41.9k -41,864
8 STIFEL FINANCIAL CORP 0.55% of their portfolio ST. LOUIS, MO 2,713,2902.7m $517.1m $517.1m 0.55% Added +136.6k +136,634
9 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 2,590,0042.6m $493.6m $493.6m 0.09% Added +105.4k +105,418
10 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 2,546,2322.5m $485.4m $485.4m 0.13% Added +90.9k +90,856
11 PNC Financial Services Group, Inc. 0.23% of their portfolio Pittsburgh, PA 2,257,0762.3m $430.2m $430.2m 0.23% Added +114.4k +114,406
12 Cetera Investment Advisers 0.72% of their portfolio SCHAUMBURG, IL 1,960,0442.0m $373.5m $373.5m 0.72% Added +328.7k +328,727
13 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,807,5691.8m $344.5m $344.5m 0.01% Added +537.7k +537,715
14 CWM, LLC 1.37% of their portfolio OMAHA, NE 1,806,0621.8m $344.2m $344.2m 1.37% Added +356.8k +356,756
15 Envestnet Portfolio Solutions, Inc. 1.23% of their portfolio BERWYN, PA 1,689,0281.7m $321.9m $321.9m 1.23% Added +161.1k +161,055
16 Lido Advisors, LLC 1.88% of their portfolio Los Angeles, CA 1,677,0231.7m $319.6m $319.6m 1.88% Added +262.7k +262,665
17 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 1,598,5781.6m $304.7m $304.7m 0.11% Reduced -32.1k -32,150
18 PARK AVENUE SECURITIES LLC 3.40% of their portfolio NEW YORK, NY 1,450,4651.5m $276.4m $276.4m 3.40% Added +502.8k +502,776
19 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 1,252,5721.3m $238.7m $238.7m 0.05% Added +30.6k +30,579
20 MML INVESTORS SERVICES, LLC 0.74% of their portfolio SPRINGFIELD, MA 1,164,2241.2m $221.9m $221.9m 0.74% Added +415.3k +415,297
21 COMMONWEALTH EQUITY SERVICES, LLC 0.30% of their portfolio WALTHAM, MA 1,119,0461.1m $213.3m $213.3m 0.30% Added +120.0k +119,987
22 Mariner, LLC 0.35% of their portfolio Overland Park, KS 1,096,4261.1m $208.9m $208.9m 0.35% Reduced -10.2k -10,188
23 MAI Capital Management 1.42% of their portfolio INDEPENDENCE, OH 985,720985.7k $187.9m $187.9m 1.42% Reduced -36.8k -36,793
24 M&T Bank Corp 0.65% of their portfolio BUFFALO, NY 930,804930.8k $177.4m $177.4m 0.65% Reduced -26.8k -26,779
25 Janney Montgomery Scott LLC 0.50% of their portfolio PHILADELPHIA, PA 921,530921.5k $175.6m $175.6m 0.50% Added +252.6k +252,607
26 SOFI WEALTH, LLC 12.86% of their portfolio SAN FRANCISCO, CA 897,268897.3k $171.0m $171.0m 12.86% Added +882.8k +882,811
27 FMR LLC 0.01% of their portfolio BOSTON, MA 830,308830.3k $158.2m $158.2m 0.01% Reduced -6.2k -6,232
28 NewEdge Advisors, LLC 0.83% of their portfolio NEW ORLEANS, LA 733,872733.9k $139.9m $139.9m 0.83% Added +250.8k +250,790
29 Composition Wealth, LLC 2.76% of their portfolio LOS ANGELES, CA 723,475723.5k $137.9m $137.9m 2.76% Added +26.0k +26,041
30 US BANCORP \DE\ 0.18% of their portfolio MINNEAPOLIS, MN 708,297708.3k $135.0m $135.0m 0.18% Reduced -9.1k -9,103
31 OneDigital Investment Advisors LLC 1.49% of their portfolio OVERLAND PARK, KS 660,120660.1k $125.8m $125.8m 1.49% Added +218.1k +218,091
32 HUNTINGTON NATIONAL BANK 0.91% of their portfolio COLUMBUS, OH 656,507656.5k $125.1m $125.1m 0.91% Reduced -437.8k -437,755
33 Rehmann Capital Advisory Group 7.61% of their portfolio LANSING, MI 634,066634.1k $120.8m $120.8m 7.61% Added +71.6k +71,565
34 Sanctuary Advisors, LLC 0.84% of their portfolio INDIANAPOLIS, IN 625,992626.0k $119.3m $119.3m 0.84% Added +138.7k +138,721
35 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 607,547607.5k $115.8m $115.8m 0.02% Added +194.7k +194,724
36 NorthCoast Asset Management LLC 0.57% of their portfolio STAMFORD, CT 592,878592.9k $113.0m $113.0m 0.57% Added +1.1k +1,069
37 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.98% of their portfolio MINNEAPOLIS, MN 557,167557.2k $106.2m $106.2m 1.98% Reduced -78.7k -78,652
38 Foundations Investment Advisors, LLC 1.94% of their portfolio PHOENIX, AZ 550,534550.5k $104.9m $104.9m 1.94% Added +57.2k +57,218
39 OSAIC HOLDINGS, INC. 0.23% of their portfolio SCOTTSDALE, AZ 546,084546.1k $104.2m $104.2m 0.23% Reduced -33.7k -33,701
40 HighTower Advisors, LLC 0.14% of their portfolio CHICAGO, IL 545,081545.1k $103.9m $103.9m 0.14% Reduced -1.7k -1,721
41 AVANTAX ADVISORY SERVICES, INC. 0.63% of their portfolio DALLAS, TX 542,286542.3k $103.3m $103.3m 0.63% Added +73.4k +73,448
42 Calamos Wealth Management LLC 5.16% of their portfolio NAPERVILLE, IL 542,196542.2k $103.3m $103.3m 5.16% Added +63.2k +63,200
43 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 498,057498.1k $94.9m $94.9m 0.15% Added +36.1k +36,104
44 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.81% of their portfolio IRVING, TX 494,055494.1k $94.2m $94.2m 0.81% Added +136.7k +136,657
45 JB Capital LLC 5.07% of their portfolio WETHERSFIELD, CT 482,375482.4k $91.9m $91.9m 5.07% Added +159.7k +159,723
46 LVZ, Inc. 11.03% of their portfolio Holland, MI 440,965441.0k $84.0m $84.0m 11.03% Added +4.0k +3,999
47 Cambridge Investment Research Advisors, Inc. 0.28% of their portfolio FAIRFIELD, IA 429,231429.2k $81.8m $81.8m 0.28% Added +66.8k +66,815
48 Focus Partners Wealth 0.20% of their portfolio ST LOUIS, MO 413,144413.1k $78.7m $78.7m 0.20% Reduced -416.5k -416,495
49 Kestra Advisory Services, LLC 0.37% of their portfolio AUSTIN, TX 405,618405.6k $77.3m $77.3m 0.37% Added +3.7k +3,681
50 Betterment LLC 0.18% of their portfolio NEW YORK, NY 401,919401.9k $76.6m $76.6m 0.18% Reduced -14.1k -14,112
51 HOME FEDERAL BANK OF TENNESSEE 22.05% of their portfolio KNOXVILLE, TN 391,037391.0k $74.5m $74.5m 22.05% Added +5.1k +5,063
52 COMERICA BANK 0.30% of their portfolio DALLAS, TX 370,893370.9k $70.7m $70.7m 0.30% Added +1.0k +1,004
53 MONETA GROUP INVESTMENT ADVISORS LLC 0.92% of their portfolio ST LOUIS, MO 351,642351.6k $67.0m $67.0m 0.92% Added +25.8k +25,762
54 Praetorian Wealth Management, Inc. 16.19% of their portfolio CARMEL, CA 348,366348.4k $66.4m $66.4m 16.19% Added +9.9k +9,871
55 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 323,083323.1k $61.6m $61.6m 0.01% Reduced -17.2k -17,208
56 JONES FINANCIAL COMPANIES LLLP 0.05% of their portfolio DES PERES, MO 319,118319.1k $60.3m $60.3m 0.05% Added +54.6k +54,607
57 Rockefeller Capital Management L.P. 0.15% of their portfolio NEW YORK, NY 314,972315.0k $60.0m $60.0m 0.15% Added +12.8k +12,785
58 Valmark Advisers, Inc. 0.89% of their portfolio AKRON, OH 309,696309.7k $59.0m $59.0m 0.89% Reduced -2.6k -2,618
59 Baird Financial Group, Inc. 0.11% of their portfolio MILWAUKEE, WI 298,694298.7k $56.9m $56.9m 0.11% Reduced -39.1k -39,134
60 COURIER CAPITAL LLC 3.71% of their portfolio BUFFALO, NY 297,613297.6k $56.7m $56.7m 3.71% Added +5.4k +5,412
61 LPWM LLC 18.08% of their portfolio MINNEAPOLIS, MN 294,469294.5k $56.1m $56.1m 18.08% Added +14.6k +14,554
62 Financial Engines Advisors L.L.C. 0.12% of their portfolio SANTA CLARA, CA 291,920291.9k $55.6m $55.6m 0.12% Reduced -17.9k -17,870
63 Ascent Group, LLC 2.37% of their portfolio VIRGINIA BEACH, VA 290,047290.0k $55.3m $55.3m 2.37% Added +247.7k +247,744
64 Advocacy Wealth Management, LLC 3.69% of their portfolio ATLANTA, GA 284,328284.3k $54.2m $54.2m 3.69% Added +109.2k +109,204
65 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 281,980282.0k $53.7m $53.7m 0.02% Reduced -2.3k -2,300
66 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 281,859281.9k $53.7m $53.7m 0.03% Reduced -2.1k -2,145
67 CX Institutional 2.03% of their portfolio AUBURN, IN 281,643281.6k $53.7m $53.7m 2.03% Added +49.3k +49,292
68 Probity Advisors, Inc. 10.04% of their portfolio DALLAS, TX 274,448274.4k $52.3m $52.3m 10.04% Added +5.4k +5,390
69 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 271,408271.4k $51.7m $51.7m 0.04% Reduced -3.6k -3,611
70 AMARILLO NATIONAL BANK 10.00% of their portfolio AMARILLO, TX 269,746269.7k $51.4m $51.4m 10.00% Reduced -2.3k -2,307
71 FIFTH THIRD BANCORP 0.18% of their portfolio CINCINNATI, OH 252,233252.2k $48.1m $48.1m 0.18% Reduced -11.2k -11,196
72 Atria Wealth Solutions, Inc. 0.57% of their portfolio NEW YORK, NY 246,581246.6k $47.0m $47.0m 0.57% Added +51.2k +51,242
73 Frank, Rimerman Advisors LLC 3.68% of their portfolio Palo Alto, CA 243,910243.9k $46.5m $46.5m 3.68% Reduced -26.0k -26,045
74 EVOKE WEALTH, LLC 1.21% of their portfolio Los Angeles, CA 242,324242.3k $46.2m $46.2m 1.21% Added +7.0k +6,986
75 Equitable Holdings, Inc. 0.43% of their portfolio NEW YORK, NY 238,394238.4k $45.4m $45.4m 0.43% Added +32.4k +32,430
76 REGIONS FINANCIAL CORP 0.33% of their portfolio BIRMINGHAM, AL 233,381233.4k $44.5m $44.5m 0.33% Added +3.1k +3,052
77 KEYBANK NATIONAL ASSOCIATION/OH 0.18% of their portfolio BROOKLYN, OH 233,102233.1k $44.4m $44.4m 0.18% Reduced -12.1k -12,054
78 Strategic Point Investment Advisors, LLC 7.37% of their portfolio PROVIDENCE, RI 232,194232.2k $44.3m $44.3m 7.37% Reduced -3.1k -3,109
79 Austin Private Wealth, LLC 3.95% of their portfolio Austin, TX 230,981231.0k $44.0m $44.0m 3.95% Added +83.2k +83,201
80 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 226,859226.9k $44.7m $44.7m 0.10% Reduced -3.6k -3,589
81 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 219,538219.5k $41.8m $41.8m 0.07% Added +114.3k +114,306
82 Private Advisor Group, LLC 0.25% of their portfolio MORRISTOWN, NJ 218,634218.6k $41.7m $41.7m 0.25% Added +17.5k +17,464
83 World Investment Advisors 1.05% of their portfolio LINCROFT, NJ 212,043212.0k $40.4m $40.4m 1.05% Added +203.7k +203,655
84 Baker Avenue Asset Management, LP 1.24% of their portfolio SAN FRANCISCO, CA 207,910207.9k $39.6m $39.6m 1.24% Reduced -669 -669
85 AE Wealth Management LLC 0.33% of their portfolio TOPEKA, KS 204,726204.7k $39.0m $39.0m 0.33% Added +26.3k +26,288
86 West Wealth Group, LLC 11.48% of their portfolio Irvine, CA 204,116204.1k $38.8m $38.8m 11.48% Added +32.9k +32,912
87 SMITH, MOORE & CO. 3.55% of their portfolio CLAYTON, MO 201,394201.4k $38.4m $38.4m 3.55% Added +2.7k +2,665
88 Salomon & Ludwin, LLC 4.03% of their portfolio RICHMOND, VA 198,572198.6k $37.8m $37.8m 4.03% Reduced -6.4k -6,444
89 Horizon Wealth Management, LLC 6.10% of their portfolio LA GRANGE, IL 189,783189.8k $36.2m $36.2m 6.10% New
90 PHILLIPS FINANCIAL MANAGEMENT, LLC 2.70% of their portfolio FORT WAYNE, IN 183,276183.3k $34.9m $34.9m 2.70% Reduced -10.0k -9,979
91 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 181,565181.6k $34.6m $34.6m 0.01% Reduced -3.9k -3,875
92 North Star Investment Management Corp. 2.52% of their portfolio CHICAGO, IL 181,562181.6k $34.6m $34.6m 2.52% Added +3.6k +3,558
93 CreativeOne Wealth, LLC 1.02% of their portfolio OVERLAND PARK, KS 179,780179.8k $34.3m $34.3m 1.02% Added +61.4k +61,425
94 Inlight Wealth Management, LLC 0.12% of their portfolio ATLANTA, GA 179,293179.3k $198.3k $198.3k 0.12% Unchanged
95 Foundation Wealth Management, LLC 26.08% of their portfolio Clayton, MO 174,724174.7k $33.3m $33.3m 26.08% Added +1.5k +1,506
96 1834 INVESTMENT ADVISORS CO 4.24% of their portfolio Milwaukee, WI 172,333172.3k $32.8m $32.8m 4.24% Reduced -7.9k -7,869
97 Orion Portfolio Solutions, LLC 0.16% of their portfolio Omaha, NE 171,574171.6k $32.7m $32.7m 0.16% Added +107.8k +107,850
98 Koss-Olinger Consulting, LLC 2.73% of their portfolio GAINESVILLE, FL 170,188170.2k $32.4m $32.4m 2.73% Reduced -2.9k -2,857
99 TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio NEW YORK, NY 163,800163.8k $31.2m $31.2m 0.07% Added +128.9k +128,900
100 ENCOMPASS WEALTH ADVISORS, LLC 12.58% of their portfolio PORTLAND, OR 162,167162.2k $30.9m $30.9m 12.58% Added +6.0k +5,953