Vault-13

ISHARES TR IVE

S&P 500 VAL ETF · ETP · CUSIP 464287408

1,718 institutional holders +27 vs Q4 2025
185,036,889185.0m shares reported held*
$39.0bnreported value*
91 new 593 added 649 reduced 62 sold out net sold ≈ $814.1m (-3.8m 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 ($141.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $210.97. Options: 6 managers hold calls ($26.3m notional), 3 hold puts ($6.3m).

Trends to Q1 2026

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: 1,537Q2 25: 1,538Q3 25: 1,577Q4 25: 1,691Q1 26: 1,7181,718Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q2 20251,538
Q3 20251,577
Q4 20251,691
Q1 20261,718

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q2 25: 694 bought or addedQ2 25: 567 cut or sold outQ3 25: 694 bought or addedQ3 25: 557 cut or sold outQ3 25Q4 25: 782 bought or addedQ4 25: 475 cut or sold outQ1 26: 684 bought or addedQ1 26: 711 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024581545
Q3 2024648536
Q4 2024657552
Q1 2025730585
Q2 2025694567
Q3 2025694557
Q4 2025782475
Q1 2026684711

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ2 25 calls: $45.5mQ2 25 puts: $7.6mQ2 25P/C 0.17Q3 25 calls: $16.2mQ3 25 puts: $7.5mQ3 25P/C 0.46Q4 25 calls: $34.9mQ4 25 puts: $7.6mQ4 25P/C 0.22Q1 26 calls: $26.3mQ1 26 puts: $6.3mQ1 26P/C 0.24
Numbers
QuarterCallsPutsP/C
Q2 2025$45.5m$7.6m0.17
Q3 2025$16.2m$7.5m0.46
Q4 2025$34.9m$7.6m0.22
Q1 2026$26.3m$6.3m0.24

Biggest buyers

Calamos Advisors LLC Added +596,067+596.1k
MANUFACTURERS LIFE INSURANCE COMPANY, THE New +439,034+439.0k
Cerity Partners LLC Added +323,873+323.9k
FIFTH THIRD BANCORP Added +318,135+318.1k
Kestra Investment Management, LLC Added +255,402+255.4k
HARBOUR INVESTMENTS, INC. Added +241,897+241.9k
BANK OF AMERICA CORP /DE/ Added +182,358+182.4k
Gallagher Capital Advisors, LLC Added +153,842+153.8k
PKS Advisory Services, LLC Added +127,451+127.5k
Foundations Investment Advisors, LLC Added +110,007+110.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,566,169-1.6m
ENVESTNET ASSET MANAGEMENT INC Reduced -663,953-664.0k
LPL Financial LLC Reduced -508,018-508.0k
Envestnet Portfolio Solutions, Inc. Reduced -391,651-391.7k
MML INVESTORS SERVICES, LLC Reduced -382,453-382.5k
MORGAN STANLEY Reduced -354,899-354.9k
BlackRock, Inc. Reduced -344,294-344.3k
TWO SIGMA INVESTMENTS, LP Sold out -312,700-312.7k
GOLDMAN SACHS GROUP INC Reduced -298,408-298.4k
US BANCORP \DE\ Reduced -270,287-270.3k

Biggest calls

IMC-Chicago, LLC Reduced $11.7m62.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.5m45.1k shares
JANE STREET GROUP, LLC Added $2.4m11.2k shares
CITADEL ADVISORS LLC Added $1.2m5.8k shares
GROUP ONE TRADING LLC Reduced $1.1m5.3k shares
Point72 Asset Management, L.P. Added $359.0k1.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.6m21.6k shares
CITADEL ADVISORS LLC Added $1.8m8.3k shares
WELLS FARGO & COMPANY/MN New $21.1k100 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 1.57% of their portfolio Berwyn, PA 27,729,45527.7m $5.9bn $5.9bn 1.57% Reduced -664.0k -663,953
2 JPMORGAN CHASE & CO 0.24% of their portfolio NEW YORK, NY 17,182,07717.2m $3.6bn $3.6bn 0.24% Reduced -1.6m -1,566,169
3 MORGAN STANLEY 0.19% of their portfolio NEW YORK, NY 14,923,95714.9m $3.2bn $3.2bn 0.19% Reduced -354.9k -354,899
4 LPL Financial LLC 0.59% of their portfolio FORT MILL, SC 10,505,24110.5m $2.2bn $2.2bn 0.59% Reduced -508.0k -508,018
5 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 9,457,7759.5m $2.0bn $2.0bn 0.15% Added +182.4k +182,358
6 WELLS FARGO & COMPANY/MN 0.26% of their portfolio SAN FRANCISCO, CA 6,213,2976.2m $1.3bn $1.3bn 0.26% Reduced -50.8k -50,842
7 UBS Group AG 0.14% of their portfolio ZURICH, V8 3,643,5013.6m $769.3m $769.3m 0.14% Added +108.6k +108,611
8 Cetera Investment Advisers 0.74% of their portfolio SCHAUMBURG, IL 3,295,1303.3m $695.8m $695.8m 0.74% Reduced -114.8k -114,849
9 STIFEL FINANCIAL CORP 0.63% of their portfolio ST. LOUIS, MO 3,261,0143.3m $688.6m $688.6m 0.63% Added +10.4k +10,444
10 AMERIPRISE FINANCIAL INC 0.15% of their portfolio MINNEAPOLIS, MN 3,009,2003.0m $638.0m $638.0m 0.15% Reduced -70.6k -70,639
11 BlackRock, Inc. 0.01% of their portfolio New York, NY 2,593,9202.6m $547.7m $547.7m 0.01% Reduced -344.3k -344,294
12 CWM, LLC 1.42% of their portfolio OMAHA, NE 2,566,9192.6m $542.0m $542.0m 1.42% Reduced -12.3k -12,329
13 PNC Financial Services Group, Inc. 0.28% of their portfolio Pittsburgh, PA 2,271,0132.3m $479.5m $479.5m 0.28% Reduced -72.5k -72,523
14 PARK AVENUE SECURITIES LLC 3.63% of their portfolio NEW YORK, NY 2,199,3112.2m $464.4m $464.4m 3.63% Reduced -268.2k -268,239
15 Envestnet Portfolio Solutions, Inc. 2.51% of their portfolio BERWYN, PA 2,148,5922.1m $453.7m $453.7m 2.51% Reduced -391.7k -391,651
16 Lido Advisors, LLC 1.61% of their portfolio Los Angeles, CA 1,944,0791.9m $410.5m $410.5m 1.61% Added +81.1k +81,088
17 MML INVESTORS SERVICES, LLC 1.01% of their portfolio SPRINGFIELD, MA 1,721,0791.7m $363.4m $363.4m 1.01% Reduced -382.5k -382,453
18 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 1,620,9651.6m $342.3m $342.3m 0.11% Reduced -224.7k -224,665
19 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 1,416,0691.4m $299.0m $299.0m 0.04% Reduced -298.4k -298,408
20 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 1,396,6021.4m $294.9m $294.9m 0.06% Added +48.9k +48,869
21 Janney Montgomery Scott LLC 0.71% of their portfolio PHILADELPHIA, PA 1,349,2301.3m $284.9m $284.9m 0.71% Reduced -121.8k -121,769
22 Focus Partners Wealth 0.29% of their portfolio ST LOUIS, MO 1,229,1651.2m $259.6m $259.6m 0.29% Added +4.1k +4,087
23 Cassaday & Co Wealth Management LLC 5.39% of their portfolio MCLEAN, VA 1,197,9631.2m $252.9m $252.9m 5.39% Added +44.2k +44,187
24 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 1,138,1511.1m $240.3m $240.3m 0.04% Reduced -40.1k -40,141
25 Mariner, LLC 0.28% of their portfolio Overland Park, KS 1,126,7081.1m $237.8m $237.8m 0.28% Reduced -64.4k -64,368
26 Foundations Investment Advisors, LLC 2.91% of their portfolio PHOENIX, AZ 1,111,6501.1m $234.7m $234.7m 2.91% Added +110.0k +110,007
27 COMMONWEALTH EQUITY SERVICES, LLC 0.31% of their portfolio WALTHAM, MA 1,039,2831.0m $219.4m $219.4m 0.31% Reduced -45.5k -45,524
28 MAI Capital Management 1.21% of their portfolio INDEPENDENCE, OH 1,007,8061.0m $212.8m $212.8m 1.21% Reduced -10.0k -9,996
29 SOFI WEALTH, LLC 9.97% of their portfolio SAN FRANCISCO, CA 979,965980.0k $206.9m $206.9m 9.97% Added +4.3k +4,340
30 OneDigital Investment Advisors LLC 1.99% of their portfolio OVERLAND PARK, KS 965,589965.6k $203.9m $203.9m 1.99% Reduced -24.3k -24,308
31 Sanctuary Advisors, LLC 1.03% of their portfolio INDIANAPOLIS, IN 902,104902.1k $190.5m $190.5m 1.03% Reduced -63.3k -63,337
32 NewEdge Advisors, LLC 0.66% of their portfolio NEW ORLEANS, LA 858,916858.9k $181.4m $181.4m 0.66% Reduced -56.3k -56,305
33 FMR LLC 0.01% of their portfolio BOSTON, MA 818,444818.4k $172.8m $172.8m 0.01% Reduced -1.6k -1,644
34 JB Capital LLC 6.89% of their portfolio WETHERSFIELD, CT 808,494808.5k $170.7m $170.7m 6.89% Reduced -111.6k -111,637
35 M&T Bank Corp 0.57% of their portfolio BUFFALO, NY 786,105786.1k $166.0m $166.0m 0.57% Reduced -33.1k -33,068
36 Rehmann Capital Advisory Group 7.88% of their portfolio LANSING, MI 716,711716.7k $151.3m $151.3m 7.88% Added +32.2k +32,222
37 OSAIC HOLDINGS, INC. 0.21% of their portfolio SCOTTSDALE, AZ 686,613686.6k $145.1m $145.1m 0.21% Reduced -55.0k -54,970
38 HighTower Advisors, LLC 0.15% of their portfolio CHICAGO, IL 663,680663.7k $140.1m $140.1m 0.15% Added +4.1k +4,115
39 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.86% of their portfolio IRVING, TX 660,573660.6k $139.5m $139.5m 0.86% Reduced -70.9k -70,945
40 Calamos Advisors LLC 0.51% of their portfolio NAPERVILLE, IL 619,118619.1k $130.7m $130.7m 0.51% Added +596.1k +596,067
41 Calamos Wealth Management LLC 4.35% of their portfolio NAPERVILLE, IL 596,353596.4k $125.9m $125.9m 4.35% Added +11.0k +10,957
42 JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio DES PERES, MO 585,731585.7k $121.6m $121.6m 0.06% Added +102.1k +102,117
43 LVZ, Inc. 13.80% of their portfolio Holland, MI 572,662572.7k $120.9m $120.9m 13.80% Reduced -19.4k -19,418
44 TRUIST FINANCIAL CORP 0.16% of their portfolio CHARLOTTE, NC 559,319559.3k $118.1m $118.1m 0.16% Reduced -30.9k -30,886
45 FIFTH THIRD BANCORP 0.22% of their portfolio CINCINNATI, OH 557,426557.4k $117.7m $117.7m 0.22% Added +318.1k +318,135
46 Cambridge Investment Research Advisors, Inc. 0.29% of their portfolio FAIRFIELD, IA 540,233540.2k $114.1m $114.1m 0.29% Added +25.8k +25,836
47 Kestra Investment Management, LLC 1.90% of their portfolio AUSTIN, TX 520,387520.4k $109.9m $109.9m 1.90% Added +255.4k +255,402
48 Cerity Partners LLC 0.15% of their portfolio NEW YORK, NY 517,501517.5k $109.3m $109.3m 0.15% Added +323.9k +323,873
49 Advocacy Wealth Management, LLC 4.77% of their portfolio ATLANTA, GA 510,593510.6k $107.8m $107.8m 4.77% Reduced -14.7k -14,689
50 HUNTINGTON NATIONAL BANK 0.58% of their portfolio COLUMBUS, OH 498,832498.8k $105.3m $105.3m 0.58% Reduced -38.3k -38,308
51 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio Toronto, A6 439,034439.0k $92.7m $92.7m 0.08% New
52 Rockefeller Capital Management L.P. 0.16% of their portfolio NEW YORK, NY 426,428426.4k $90.0m $90.0m 0.16% Added +16.9k +16,944
53 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.29% of their portfolio MINNEAPOLIS, MN 418,113418.1k $88.3m $88.3m 1.29% Reduced -34.6k -34,565
54 Ascent Group, LLC 2.91% of their portfolio VIRGINIA BEACH, VA 398,536398.5k $84.2m $84.2m 2.91% Reduced -28.1k -28,143
55 Kestra Advisory Services, LLC 0.31% of their portfolio AUSTIN, TX 386,520386.5k $81.6m $81.6m 0.31% Added +35.8k +35,784
56 HOME FEDERAL BANK OF TENNESSEE 20.35% of their portfolio KNOXVILLE, TN 385,302385.3k $81.4m $81.4m 20.35% Reduced -7.9k -7,861
57 AE Wealth Management LLC 0.42% of their portfolio TOPEKA, KS 371,946371.9k $78.5m $78.5m 0.42% Reduced -11.1k -11,123
58 MONETA GROUP INVESTMENT ADVISORS LLC 0.59% of their portfolio ST LOUIS, MO 370,632370.6k $78.3m $78.3m 0.59% Added +6.8k +6,819
59 Betterment LLC 0.14% of their portfolio NEW YORK, NY 357,479357.5k $75.5m $75.5m 0.14% Reduced -12.2k -12,246
60 Thrivent Financial for Lutherans 0.13% of their portfolio Minneapolis, MN 334,922334.9k $70.4m $70.4m 0.13% Added +2.0k +2,033
61 LPWM LLC 17.68% of their portfolio MINNEAPOLIS, MN 331,900331.9k $70.1m $70.1m 17.68% Added +2.5k +2,493
62 Atria Investments, Inc 0.73% of their portfolio Charlotte, NC 309,598309.6k $65.4m $65.4m 0.73% Reduced -14.5k -14,484
63 Private Advisor Group, LLC 0.30% of their portfolio MORRISTOWN, NJ 302,973303.0k $64.0m $64.0m 0.30% Reduced -28.1k -28,071
64 CreativeOne Wealth, LLC 1.46% of their portfolio OVERLAND PARK, KS 298,049298.0k $62.9m $62.9m 1.46% Reduced -10.9k -10,944
65 Probity Advisors, Inc. 9.94% of their portfolio DALLAS, TX 297,151297.2k $62.7m $62.7m 9.94% Added +4.5k +4,511
66 COURIER CAPITAL LLC 3.48% of their portfolio BUFFALO, NY 295,197295.2k $62.3m $62.3m 3.48% Added +89 +89
67 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 292,133292.1k $61.7m $61.7m 0.03% Reduced -4.6k -4,646
68 Equitable Holdings, Inc. 0.39% of their portfolio NEW YORK, NY 288,317288.3k $61.1m $61.1m 0.39% Reduced -6.7k -6,712
69 Modern Wealth Management, LLC 1.04% of their portfolio KANSAS CITY, MO 286,370286.4k $60.6m $60.6m 1.04% Added +29.9k +29,892
70 Valmark Advisers, Inc. 0.71% of their portfolio AKRON, OH 283,312283.3k $59.8m $59.8m 0.71% Reduced -2.3k -2,340
71 HARBOUR INVESTMENTS, INC. 0.92% of their portfolio MADISON, WI 282,613282.6k $59.7m $59.7m 0.92% Added +241.9k +241,897
72 Composition Wealth, LLC 0.80% of their portfolio LOS ANGELES, CA 277,079277.1k $58.5m $58.5m 0.80% Reduced -53.0k -53,002
73 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 275,581275.6k $58.2m $58.2m 0.04% Reduced -14.6k -14,634
74 Icon Wealth Advisors, LLC 3.95% of their portfolio HOUSTON, TX 275,383275.4k $60.8m $60.8m 3.95% Reduced -10.2k -10,233
75 AMARILLO NATIONAL BANK 9.90% of their portfolio AMARILLO, TX 265,494265.5k $56.1m $56.1m 9.90% Added +7.0k +7,047
76 Triad Wealth Partners, LLC 4.36% of their portfolio LAWRENCE, KS 260,257260.3k $55.0m $55.0m 4.36% Added +61.0k +60,963
77 Baird Financial Group, Inc. 0.08% of their portfolio MILWAUKEE, WI 255,631255.6k $54.0m $54.0m 0.08% Reduced -38.8k -38,847
78 EVOKE WEALTH, LLC 0.97% of their portfolio Los Angeles, CA 247,726247.7k $52.3m $52.3m 0.97% Added +2.4k +2,414
79 West Wealth Group, LLC 10.24% of their portfolio Irvine, CA 245,287245.3k $51.8m $51.8m 10.24% Added +30.9k +30,856
80 Strategic Point Investment Advisors, LLC 7.52% of their portfolio PROVIDENCE, RI 245,027245.0k $51.7m $51.7m 7.52% Added +3.3k +3,286
81 REGIONS FINANCIAL CORP 0.33% of their portfolio BIRMINGHAM, AL 239,759239.8k $50.6m $50.6m 0.33% Added +5.7k +5,670
82 World Investment Advisors 0.81% of their portfolio LINCROFT, NJ 238,627238.6k $50.4m $50.4m 0.81% Reduced -1.5k -1,514
83 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 230,583230.6k $48.7m $48.7m 0.02% Reduced -35.4k -35,404
84 Financial Engines Advisors L.L.C. 0.10% of their portfolio SANTA CLARA, CA 227,910227.9k $48.1m $48.1m 0.10% Reduced -3.5k -3,490
85 Waverly Advisors, LLC 0.34% of their portfolio BIRMINGHAM, AL 217,708217.7k $46.0m $46.0m 0.34% Added +10.5k +10,493
86 Baker Avenue Asset Management, LP 1.05% of their portfolio SAN FRANCISCO, CA 217,688217.7k $46.0m $46.0m 1.05% Added +4.1k +4,059
87 MGO ONE SEVEN LLC 0.92% of their portfolio Beachwood, OH 217,259217.3k $45.9m $45.9m 0.92% Added +890 +890
88 GREENUP STREET WEALTH MANAGEMENT LLC 6.22% of their portfolio OVERLAND PARK, KS 209,290209.3k $44.2m $44.2m 6.22% Added +8.9k +8,931
89 CX Institutional 1.35% of their portfolio AUBURN, IN 208,906208.9k $44.1m $44.1m 1.35% Reduced -103.2k -103,170
90 Perigon Wealth Management, LLC 0.77% of their portfolio SAN FRANCISCO, CA 200,292200.3k $42.3m $42.3m 0.77% Reduced -9.0k -8,960
91 &PARTNERS 0.21% of their portfolio NASHVILLE, TN 200,145200.1k $42.3m $42.3m 0.21% Added +16.4k +16,444
92 SMITH, MOORE & CO. 3.05% of their portfolio CLAYTON, MO 198,903198.9k $42.0m $42.0m 3.05% Reduced -1.2k -1,187
93 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 196,475196.5k $41.5m $41.5m 0.05% Reduced -270.3k -270,287
94 Mesirow Financial Investment Management, Inc. 0.66% of their portfolio CHICAGO, IL 194,332194.3k $41.0m $41.0m 0.66% Added +102.1k +102,144
95 North Star Investment Management Corp. 2.48% of their portfolio CHICAGO, IL 193,952194.0k $41.0m $41.0m 2.48% Added +7.2k +7,198
96 KEYBANK NATIONAL ASSOCIATION/OH 0.15% of their portfolio BROOKLYN, OH 193,455193.5k $40.8m $40.8m 0.15% Reduced -8.9k -8,914
97 Sharkey, Howes & Javer 5.34% of their portfolio DENVER, CO 187,653187.7k $39.6m $39.6m 5.34% Reduced -17.3k -17,341
98 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 187,139187.1k $39.5m $39.5m 0.01% Reduced -3.1k -3,068
99 Salomon & Ludwin, LLC 3.52% of their portfolio RICHMOND, VA 186,041186.0k $39.4m $39.4m 3.52% Reduced -3.9k -3,931
100 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 183,931183.9k $38.8m $38.8m 0.03% Added +23.4k +23,446