Vault-13

ISHARES TR IWP

RUS MD CP GR ETF · ETP · CUSIP 464287481

1,237 institutional holders +71 vs Q3 2025
117,262,896117.3m shares reported held*
$16.0bnreported value*
81 new 402 added 337 reduced 65 sold out net bought ≈ $413.8m (+3.0m 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 ($7.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $136.80. Options: 4 managers hold calls ($16.6m notional), 4 hold puts ($7.7m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 815Q4 22: 890Q1 23: 886Q2 23: 921Q3 23: 927Q4 23: 1,019Q1 24: 1,042Q2 24: 1,023Q3 24: 1,026Q4 24: 1,140Q1 25: 1,092Q2 25: 1,169Q3 25: 1,166Q4 25: 1,2371,237Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022815
Q4 2022890
Q1 2023886
Q2 2023921
Q3 2023927
Q4 20231,019
Q1 20241,042
Q2 20241,023
Q3 20241,026
Q4 20241,140
Q1 20251,092
Q2 20251,169
Q3 20251,166
Q4 20251,237

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 24: 402 bought or addedQ1 24: 411 cut or sold outQ2 24: 371 bought or addedQ2 24: 418 cut or sold outQ2 24Q3 24: 392 bought or addedQ3 24: 389 cut or sold outQ4 24: 430 bought or addedQ4 24: 363 cut or sold outQ4 24Q1 25: 391 bought or addedQ1 25: 473 cut or sold outQ2 25: 458 bought or addedQ2 25: 423 cut or sold outQ2 25Q3 25: 419 bought or addedQ3 25: 429 cut or sold outQ4 25: 483 bought or addedQ4 25: 402 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024402411
Q2 2024371418
Q3 2024392389
Q4 2024430363
Q1 2025391473
Q2 2025458423
Q3 2025419429
Q4 2025483402

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 25 calls: $15.5mQ1 25 puts: $10.9mQ1 25P/C 0.70Q2 25 calls: $27.2mQ2 25 puts: $47.1mQ2 25P/C 1.73Q3 25 calls: $23.8mQ3 25 puts: $38.1mQ3 25P/C 1.60Q4 25 calls: $16.6mQ4 25 puts: $7.7mQ4 25P/C 0.46
Numbers
QuarterCallsPutsP/C
Q1 2025$15.5m$10.9m0.70
Q2 2025$27.2m$47.1m1.73
Q3 2025$23.8m$38.1m1.60
Q4 2025$16.6m$7.7m0.46

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +921,789+921.8k
CIBC Private Wealth Group LLC Added +667,479+667.5k
ENVESTNET ASSET MANAGEMENT INC Added +610,421+610.4k
HSBC HOLDINGS PLC New +337,570+337.6k
First Command Advisory Services, Inc. Added +284,943+284.9k
CONGRESS ASSET MANAGEMENT CO Added +248,474+248.5k
Cullen/Frost Bankers, Inc. Added +244,984+245.0k
AMERIPRISE FINANCIAL INC Added +232,892+232.9k
ROYAL BANK OF CANADA Added +226,145+226.1k
Corient Private Wealth LP Added +172,305+172.3k

Biggest sellers

JONES FINANCIAL COMPANIES LLLP Reduced -845,763-845.8k
JPMORGAN CHASE & CO Reduced -844,608-844.6k
MORGAN STANLEY Reduced -416,687-416.7k
Integrated Investment Consultants, LLC Reduced -151,029-151.0k
BNP PARIBAS FINANCIAL MARKETS Reduced -150,700-150.7k
Jacobi Capital Management LLC Reduced -142,783-142.8k
Wealthspire Advisors, LLC Reduced -131,423-131.4k
Qube Research & Technologies Ltd Reduced -130,017-130.0k
Strategic Equity Management Sold out -98,034-98.0k
HighTower Advisors, LLC Reduced -96,879-96.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.9m43.4k shares
JANE STREET GROUP, LLC Unchanged $4.0m29.0k shares
Point72 Asset Management, L.P. New $3.9m28.7k shares
CITADEL ADVISORS LLC Reduced $2.8m20.4k shares

Biggest puts

Point72 Asset Management, L.P. New $6.5m47.5k shares
CITADEL ADVISORS LLC Reduced $643.6k4.7k shares
JANE STREET GROUP, LLC Reduced $287.6k2.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $273.9k2.0k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.16% of their portfolio NEW YORK, NY 19,403,29019.4m $2.7bn $2.7bn 0.16% Reduced -416.7k -416,687
2 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 7,092,1497.1m $971.2m $971.2m 0.07% Added +921.8k +921,789
3 ENVESTNET ASSET MANAGEMENT INC 0.24% of their portfolio Berwyn, PA 6,007,7976.0m $822.7m $822.7m 0.24% Added +610.4k +610,421
4 WELLS FARGO & COMPANY/MN 0.14% of their portfolio SAN FRANCISCO, CA 5,299,1995.3m $725.7m $725.7m 0.14% Added +70.0k +69,999
5 JONES FINANCIAL COMPANIES LLLP 0.40% of their portfolio DES PERES, MO 4,731,9834.7m $648.0m $648.0m 0.40% Reduced -845.8k -845,763
6 First Command Advisory Services, Inc. 3.66% of their portfolio FORT WORTH, TX 3,839,4813.8m $525.8m $525.8m 3.66% Added +284.9k +284,943
7 AMERIPRISE FINANCIAL INC 0.09% of their portfolio MINNEAPOLIS, MN 2,783,9722.8m $381.1m $381.1m 0.09% Added +232.9k +232,892
8 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 2,616,4942.6m $358.3m $358.3m 0.10% Added +161.3k +161,336
9 PNC Financial Services Group, Inc. 0.18% of their portfolio Pittsburgh, PA 2,457,6732.5m $336.6m $336.6m 0.18% Added +12.1k +12,105
10 TIAA TRUST, NATIONAL ASSOCIATION 0.78% of their portfolio CHARLOTTE, NC 2,369,2832.4m $324.5m $324.5m 0.78% Reduced -59.6k -59,614
11 UBS Group AG 0.06% of their portfolio ZURICH, V8 2,367,9202.4m $324.3m $324.3m 0.06% Added +52.5k +52,544
12 COMMONWEALTH EQUITY SERVICES, LLC 0.42% of their portfolio WALTHAM, MA 2,300,2382.3m $315.0m $315.0m 0.42% Reduced -92.1k -92,141
13 Cassaday & Co Wealth Management LLC 6.18% of their portfolio MCLEAN, VA 2,143,0752.1m $293.5m $293.5m 6.18% Added +24.9k +24,872
14 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.20% of their portfolio WASHINGTON, DC 1,993,0952.0m $272.9m $272.9m 2.20% Added +97.8k +97,799
15 Envestnet Portfolio Solutions, Inc. 0.90% of their portfolio BERWYN, PA 1,881,0841.9m $257.6m $257.6m 0.90% Added +59.6k +59,578
16 FIRST CITIZENS BANK & TRUST CO 4.99% of their portfolio RALEIGH, NC 1,745,6341.7m $239.0m $239.0m 4.99% Added +47.9k +47,889
17 COMMERCE BANK 1.26% of their portfolio KANSAS CITY, MO 1,660,4171.7m $227.4m $227.4m 1.26% Reduced -2.0k -1,951
18 US BANCORP \DE\ 0.25% of their portfolio MINNEAPOLIS, MN 1,584,3781.6m $217.0m $217.0m 0.25% Added +16.9k +16,882
19 Cullen/Frost Bankers, Inc. 2.17% of their portfolio San Antonio, TX 1,439,8461.4m $197.2m $197.2m 2.17% Added +245.0k +244,984
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.12% of their portfolio MILWAUKEE, WI 1,404,9201.4m $192.4m $192.4m 0.12% Added +76.7k +76,721
21 CIBC Private Wealth Group LLC 0.30% of their portfolio ATLANTA, GA 1,309,9011.3m $179.4m $179.4m 0.30% Added +667.5k +667,479
22 OSAIC HOLDINGS, INC. 0.24% of their portfolio SCOTTSDALE, AZ 1,189,1751.2m $162.9m $162.9m 0.24% Added +70.5k +70,533
23 FMR LLC 0.01% of their portfolio BOSTON, MA 1,179,2611.2m $161.5m $161.5m 0.01% Added +4.6k +4,613
24 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 1,015,4931.0m $139.2m $139.2m 0.04% Added +114.0k +113,968
25 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 877,695877.7k $120.2m $120.2m 0.02% Added +226.1k +226,145
26 Financial Advisory Corp 14.99% of their portfolio Grand Rapids, MI 752,605752.6k $103.1m $103.1m 14.99% Added +11.2k +11,167
27 Cetera Investment Advisers 0.11% of their portfolio SCHAUMBURG, IL 717,414717.4k $98.2m $98.2m 0.11% Added +49.5k +49,534
28 TRUIST FINANCIAL CORP 0.13% of their portfolio CHARLOTTE, NC 692,784692.8k $94.9m $94.9m 0.13% Added +16.5k +16,494
29 Mariner, LLC 0.11% of their portfolio Overland Park, KS 666,081666.1k $91.2m $91.2m 0.11% Added +47.8k +47,836
30 Pacific Life Fund Advisors LLC 9.20% of their portfolio NEWPORT BEACH, CA 652,479652.5k $89.4m $89.4m 9.20% Reduced -49.5k -49,510
31 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 652,159652.2k $89.3m $89.3m 0.10% Added +80.3k +80,331
32 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 618,230618.2k $84.7m $84.7m 0.01% Reduced -844.6k -844,608
33 American Family Investments, Inc. 2.77% of their portfolio MADISON, WI 561,707561.7k $76.9m $76.9m 2.77% Added +58.9k +58,909
34 STEPHENS INC /AR/ 0.94% of their portfolio LITTLE ROCK, AR 549,864549.9k $75.3m $75.3m 0.94% Added +4.9k +4,924
35 Equitable Holdings, Inc. 0.51% of their portfolio NEW YORK, NY 540,043540.0k $74.0m $74.0m 0.51% Added +24.4k +24,366
36 STEPHENS GROUP ASSET MANAGEMENT, LLC 4.93% of their portfolio LITTLE ROCK, AR 538,596538.6k $73.8m $73.8m 4.93% Added +2.1k +2,053
37 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 3.17% of their portfolio SALT LAKE CITY, UT 501,435501.4k $68.7m $68.7m 3.17% Added +26.1k +26,125
38 CONGRESS ASSET MANAGEMENT CO 0.44% of their portfolio BOSTON, MA 458,580458.6k $62.8m $62.8m 0.44% Added +248.5k +248,474
39 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 420,761420.8k $57.6m $57.6m 0.04% Added +36.8k +36,752
40 Rodgers & Associates, LTD 5.71% of their portfolio Lancaster, PA 411,776411.8k $56.4m $56.4m 5.71% Added +1.8k +1,750
41 JOHNSON INVESTMENT COUNSEL INC 0.45% of their portfolio Cincinnati, OH 403,273403.3k $55.2m $55.2m 0.45% Added +516 +516
42 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 395,483395.5k $54.2m $54.2m 0.01% Reduced -5.2k -5,158
43 GLOBALT Investments LLC / GA 1.90% of their portfolio Atlanta, GA 380,024380.0k $52.0m $52.0m 1.90% Reduced -3.9k -3,946
44 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 350,300350.3k $48.0m $48.0m 0.03% Reduced -150.7k -150,700
45 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 337,570337.6k $46.2m $46.2m 0.01% New
46 COMERICA BANK 0.18% of their portfolio DALLAS, TX 337,549337.5k $46.2m $46.2m 0.18% Added +51.8k +51,752
47 Wescott Financial Advisory Group, LLC 4.03% of their portfolio Philadelphia, PA 337,442337.4k $46.2m $46.2m 4.03% Reduced -796 -796
48 Baird Financial Group, Inc. 0.07% of their portfolio MILWAUKEE, WI 334,953335.0k $45.9m $45.9m 0.07% Added +102.0k +102,001
49 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 334,895334.9k $46.0m $46.0m 0.03% Added +172.3k +172,305
50 AMG National Trust Bank 1.04% of their portfolio GREENWOOD VILLAGE, CO 322,291322.3k $44.1m $44.1m 1.04% Reduced -12.3k -12,343
51 M&T Bank Corp 0.13% of their portfolio BUFFALO, NY 304,628304.6k $41.7m $41.7m 0.13% Reduced -9.4k -9,408
52 Truepoint, Inc. 0.88% of their portfolio CINCINNATI, OH 285,212285.2k $39.1m $39.1m 0.88% Reduced -1.2k -1,190
53 Krilogy Financial LLC 1.34% of their portfolio ST. LOUIS, MO 282,178282.2k $39.4m $39.4m 1.34% Added +15.3k +15,331
54 Align Financial, LLC 0.16% of their portfolio HERMANTOWN, MN 280,727280.7k $280.7k $280.7k 0.16% First filing
55 Cedar Mountain Advisors, LLC 7.23% of their portfolio LAKE OSWEGO, OR 273,518273.5k $37.5m $37.5m 7.23% Added +1.5k +1,454
56 Pinnacle Financial Partners, Inc. 0.27% of their portfolio ATLANTA, GA 263,638263.6k $36.1m $36.1m 0.27% First filing
57 BANK OF HAWAII 1.72% of their portfolio HONOLULU, HI 253,786253.8k $34.8m $34.8m 1.72% Added +13.3k +13,340
58 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 252,692252.7k $34.6m $34.6m 0.09% Reduced -26.8k -26,820
59 MONETA GROUP INVESTMENT ADVISORS LLC 0.25% of their portfolio ST LOUIS, MO 243,599243.6k $33.4m $33.4m 0.25% Added +5.6k +5,609
60 Badgley Phelps Wealth Managers, LLC 0.60% of their portfolio SEATTLE, WA 240,319240.3k $32.9m $32.9m 0.60% Added +3.7k +3,700
61 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 235,326235.3k $32.2m $32.2m 0.04% Reduced -96.9k -96,879
62 Orion Porfolio Solutions, LLC 0.23% of their portfolio OMAHA, NE 230,638230.6k $31.6m $31.6m 0.23% Added +35.6k +35,614
63 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 227,790227.8k $31.2m $31.2m 0.06% Added +31.7k +31,698
64 NATIXIS ADVISORS, LLC 0.04% of their portfolio Boston, MA 209,395209.4k $28.7m $28.7m 0.04% Added +24.3k +24,252
65 RTD Financial Advisors, Inc. 3.42% of their portfolio Philadelphia, PA 204,802204.8k $28.0m $28.0m 3.42% Reduced -3.5k -3,530
66 United Capital Management of KS, Inc. 1.96% of their portfolio SALINA, KS 204,558204.6k $28.0m $28.0m 1.96% Added +102.8k +102,759
67 OPPENHEIMER & CO INC 0.40% of their portfolio NEW YORK, NY 204,509204.5k $28.0m $28.0m 0.40% Reduced -35 -35
68 Lido Advisors, LLC 0.11% of their portfolio Los Angeles, CA 204,291204.3k $28.3m $28.3m 0.11% Reduced -10.3k -10,281
69 GenWealth Group, Inc. 4.91% of their portfolio Maplewood, NJ 202,807202.8k $28.8m $28.8m 4.91% Added +17.9k +17,897
70 FIFTH THIRD BANCORP 0.09% of their portfolio CINCINNATI, OH 201,949201.9k $27.7m $27.7m 0.09% Reduced -4.5k -4,460
71 HANTZ FINANCIAL SERVICES, INC. 0.41% of their portfolio SOUTHFIELD, MI 201,602201.6k $27.6m $27.6m 0.41% Added +20.1k +20,143
72 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 192,207192.2k $26.3m $26.3m 0.01% Added +37.4k +37,395
73 EP Wealth Advisors, LLC 0.13% of their portfolio TORRANCE, CA 189,742189.7k $26.0m $26.0m 0.13% First filing
74 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 189,261189.3k $25.9m $25.9m 0.11% Added +27.7k +27,749
75 MAI Capital Management 0.15% of their portfolio INDEPENDENCE, OH 187,872187.9k $25.7m $25.7m 0.15% Added +54.5k +54,526
76 Accredited Investors Inc. 1.36% of their portfolio EDINA, MN 187,039187.0k $25.6m $25.6m 1.36% Reduced -13.8k -13,756
77 SVB WEALTH LLC 1.50% of their portfolio BOSTON, MA 185,968186.0k $25.5m $25.5m 1.50% Reduced -4.5k -4,462
78 BOKF, NA 0.39% of their portfolio TULSA, OK 184,476184.5k $25.3m $25.3m 0.39% Added +7.7k +7,672
79 Integrated Investment Consultants, LLC 4.86% of their portfolio BLOOMFIELD HILLS, MI 180,699180.7k $24.7m $24.7m 4.86% Reduced -151.0k -151,029
80 Waverly Advisors, LLC 0.20% of their portfolio BIRMINGHAM, AL 176,065176.1k $24.1m $24.1m 0.20% Added +11.0k +10,956
81 Steward Partners Investment Advisory, LLC 0.13% of their portfolio STAMFORD, CT 175,314175.3k $24.0m $24.0m 0.13% Added +1.5k +1,523
82 KEYBANK NATIONAL ASSOCIATION/OH 0.08% of their portfolio BROOKLYN, OH 171,633171.6k $23.5m $23.5m 0.08% Reduced -4.2k -4,206
83 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.06% of their portfolio LOS ANGELES, CA 169,470169.5k $23.2m $23.2m 0.06% Added +132.2k +132,152
84 Washington Trust Bank 1.59% of their portfolio Spokane, WA 165,647165.6k $22.7m $22.7m 1.59% Added +149.6k +149,634
85 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 162,151162.2k $22.2m $22.2m 0.02% Added +12.4k +12,409
86 Parkway Wealth Management Group, LLC 2.98% of their portfolio Plano, TX 161,980162.0k $22.2m $22.2m 2.98% First filing
87 BROWN ADVISORY INC 0.03% of their portfolio BALTIMORE, MD 161,817161.8k $22.2m $22.2m 0.03% Added +17.2k +17,157
88 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 159,511159.5k $21.8m $21.8m 0.05% Reduced -11.0k -11,021
89 Midwest Trust Co 0.27% of their portfolio Overland Park, KS 155,267155.3k $21.3m $21.3m 0.27% Added +1.8k +1,764
90 KESTRA PRIVATE WEALTH SERVICES, LLC 0.25% of their portfolio AUSTIN, TX 147,839147.8k $20.2m $20.2m 0.25% Added +8.3k +8,334
91 Bishop & Co Investment Management, LLC 6.51% of their portfolio Erie, PA 143,562143.6k $19.7m $19.7m 6.51% Added +93 +93
92 Wealthspire Advisors, LLC 0.15% of their portfolio NEW YORK, NY 141,603141.6k $19.4m $19.4m 0.15% Reduced -131.4k -131,423
93 Mechanics Bank Trust Department 2.50% of their portfolio Walnut Creek, CA 139,533139.5k $19.1m $19.1m 2.50% Added +4.2k +4,174
94 Allworth Financial LP 0.08% of their portfolio FOLSOM, CA 139,089139.1k $19.0m $19.0m 0.08% Added +131.6k +131,550
95 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 137,677137.7k $18.9m $18.9m 0.00% Reduced -9.6k -9,576
96 Whitaker-Myers Wealth Managers, LTD. 3.88% of their portfolio Mansfield, OH 135,833135.8k $18.6m $18.6m 3.88% Added +2 +2
97 Private Advisor Group, LLC 0.09% of their portfolio MORRISTOWN, NJ 133,716133.7k $18.3m $18.3m 0.09% Added +382 +382
98 LBJ Family Wealth Advisors, Ltd. 10.01% of their portfolio AUSTIN, TX 132,966133.0k $18.2m $18.2m 10.01% Reduced -231 -231
99 Falcon Wealth Planning 1.48% of their portfolio Ontario, CA 128,529128.5k $17.6m $17.6m 1.48% Added +4.6k +4,630
100 One Capital Management, LLC 0.52% of their portfolio WESTLAKE VILLAGE, CA 126,367126.4k $17.3m $17.3m 0.52% Reduced -7.1k -7,104