Vault-13

ISHARES TR IWR

RUS MID CAP ETF · ETP · CUSIP 464287499

1,433 institutional holders -14 vs Q2 2025
391,288,304391.3m shares reported held*
$37.8bnreported value*
70 new 475 added 459 reduced 69 sold out net bought ≈ $1.1bn (+11.1m 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 ($25.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $96.59. Options: 4 managers hold calls ($16.2m notional), 4 hold puts ($1.3m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,066Q4 22: 1,142Q1 23: 1,123Q2 23: 1,148Q3 23: 1,146Q4 23: 1,250Q1 24: 1,256Q2 24: 1,247Q3 24: 1,301Q4 24: 1,420Q1 25: 1,379Q2 25: 1,447Q3 25: 1,4331,433Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 20221,066
Q4 20221,142
Q1 20231,123
Q2 20231,148
Q3 20231,146
Q4 20231,250
Q1 20241,256
Q2 20241,247
Q3 20241,301
Q4 20241,420
Q1 20251,379
Q2 20251,447
Q3 20251,433

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 498 bought or addedQ4 23: 436 cut or sold outQ1 24: 462 bought or addedQ1 24: 534 cut or sold outQ1 24Q2 24: 489 bought or addedQ2 24: 498 cut or sold outQ3 24: 500 bought or addedQ3 24: 473 cut or sold outQ3 24Q4 24: 573 bought or addedQ4 24: 460 cut or sold outQ1 25: 514 bought or addedQ1 25: 597 cut or sold outQ1 25Q2 25: 569 bought or addedQ2 25: 521 cut or sold outQ3 25: 545 bought or addedQ3 25: 528 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023498436
Q1 2024462534
Q2 2024489498
Q3 2024500473
Q4 2024573460
Q1 2025514597
Q2 2025569521
Q3 2025545528

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ4 24 calls: $12.3mQ4 24 puts: $353.6kQ4 24P/C 0.03Q1 25 calls: $9.4mQ1 25 puts: $12.6mQ1 25P/C 1.35Q2 25 calls: $14.5mQ2 25 puts: $2.0mQ2 25P/C 0.14Q3 25 calls: $16.2mQ3 25 puts: $1.3mQ3 25P/C 0.08
Numbers
QuarterCallsPutsP/C
Q4 2024$12.3m$353.6k0.03
Q1 2025$9.4m$12.6m1.35
Q2 2025$14.5m$2.0m0.14
Q3 2025$16.2m$1.3m0.08

Biggest buyers

JPMORGAN CHASE & CO Added +6,671,612+6.7m
JONES FINANCIAL COMPANIES LLLP Added +5,633,614+5.6m
BANK OF AMERICA CORP /DE/ Added +1,612,328+1.6m
WELLS FARGO & COMPANY/MN Added +1,059,649+1.1m
Cetera Investment Advisers Added +1,038,604+1.0m
UBS Group AG Added +632,162+632.2k
NorthRock Partners, LLC Added +495,279+495.3k
Proficio Capital Partners LLC Added +418,484+418.5k
Baird Financial Group, Inc. Added +243,384+243.4k
Sanctuary Advisors, LLC Added +241,508+241.5k

Biggest sellers

ROYAL BANK OF CANADA Reduced -5,378,833-5.4m
Rockefeller Capital Management L.P. Reduced -686,711-686.7k
GOLDMAN SACHS GROUP INC Reduced -616,797-616.8k
Composition Wealth, LLC Reduced -515,067-515.1k
AMERIPRISE FINANCIAL INC Reduced -386,330-386.3k
MORGAN STANLEY Reduced -290,164-290.2k
US BANCORP \DE\ Reduced -278,823-278.8k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -231,701-231.7k
FACTORY MUTUAL INSURANCE CO Reduced -220,000-220.0k
PNC Financial Services Group, Inc. Reduced -150,373-150.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.5m119.5k shares
CITADEL ADVISORS LLC Reduced $2.6m26.7k shares
JANE STREET GROUP, LLC Reduced $1.7m17.5k shares
WOLVERINE TRADING, LLC Added $366.6k3.8k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $869.0k9.0k shares
BANK OF AMERICA CORP /DE/ Added $318.6k3.3k shares
UBS Group AG Added $96.5k1.0k shares
Smith & Howard Wealth Management, LLC New $27.9k300 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JONES FINANCIAL COMPANIES LLLP 4.94% of their portfolio DES PERES, MO 75,344,00875.3m $7.2bn $7.2bn 4.94% Added +5.6m +5,633,614
2 BANK OF AMERICA CORP /DE/ 0.45% of their portfolio CHARLOTTE, NC 62,427,16562.4m $6.0bn $6.0bn 0.45% Added +1.6m +1,612,328
3 WELLS FARGO & COMPANY/MN 0.79% of their portfolio SAN FRANCISCO, CA 40,247,71940.2m $3.9bn $3.9bn 0.79% Added +1.1m +1,059,649
4 US BANCORP \DE\ 1.56% of their portfolio MINNEAPOLIS, MN 13,639,66613.6m $1.3bn $1.3bn 1.56% Reduced -278.8k -278,823
5 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 13,247,54013.2m $1.3bn $1.3bn 0.04% Added +6.7m +6,671,612
6 PNC Financial Services Group, Inc. 0.75% of their portfolio Pittsburgh, PA 12,747,48012.7m $1.2bn $1.2bn 0.75% Reduced -150.4k -150,373
7 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 10,337,68110.3m $998.1m $998.1m 0.06% Reduced -290.2k -290,164
8 Bank of New York Mellon Corp 0.17% of their portfolio NEW YORK, NY 10,022,44610.0m $967.7m $967.7m 0.17% Added +123.1k +123,124
9 NORTHERN TRUST CORP 0.12% of their portfolio CHICAGO, IL 9,804,6359.8m $946.6m $946.6m 0.12% Added +135.0k +134,966
10 Baird Financial Group, Inc. 1.31% of their portfolio MILWAUKEE, WI 8,458,4478.5m $816.7m $816.7m 1.31% Added +243.4k +243,384
11 ROYAL BANK OF CANADA 0.12% of their portfolio TORONTO, A6 7,006,7537.0m $676.5m $676.5m 0.12% Reduced -5.4m -5,378,833
12 UBS Group AG 0.11% of their portfolio ZURICH, V8 6,019,8856.0m $581.2m $581.2m 0.11% Added +632.2k +632,162
13 TRUIST FINANCIAL CORP 0.55% of their portfolio CHARLOTTE, NC 4,194,4014.2m $405.0m $405.0m 0.55% Added +239.5k +239,492
14 FMR LLC 0.02% of their portfolio BOSTON, MA 4,046,6734.0m $390.7m $390.7m 0.02% Reduced -17.1k -17,080
15 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 4,039,0434.0m $390.0m $390.0m 0.11% Reduced -14.7k -14,697
16 AMG National Trust Bank 8.94% of their portfolio GREENWOOD VILLAGE, CO 3,798,1303.8m $366.7m $366.7m 8.94% Added +1.5k +1,514
17 TIAA TRUST, NATIONAL ASSOCIATION 0.78% of their portfolio CHARLOTTE, NC 3,336,1673.3m $322.1m $322.1m 0.78% Reduced -231.7k -231,701
18 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 3,206,8673.2m $309.6m $309.6m 0.09% Added +157.2k +157,225
19 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 3,153,9463.2m $304.1m $304.1m 0.07% Reduced -386.3k -386,330
20 CIBC Private Wealth Group LLC 0.49% of their portfolio ATLANTA, GA 2,960,6003.0m $285.8m $285.8m 0.49% Added +15.3k +15,285
21 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 2,790,7112.8m $269.4m $269.4m 0.09% Added +80.9k +80,916
22 JOHNSON INVESTMENT COUNSEL INC 2.16% of their portfolio Cincinnati, OH 2,671,3002.7m $257.9m $257.9m 2.16% Added +56.4k +56,444
23 Cetera Investment Advisers 0.24% of their portfolio SCHAUMBURG, IL 2,175,0902.2m $210.0m $210.0m 0.24% Added +1.0m +1,038,604
24 FIFTH THIRD BANCORP 0.63% of their portfolio CINCINNATI, OH 2,056,8942.1m $198.6m $198.6m 0.63% Reduced -32.0k -32,019
25 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,996,3982.0m $192.8m $192.8m 0.03% Reduced -616.8k -616,797
26 Pathstone Holdings, LLC 0.73% of their portfolio ENGLEWOOD, NJ 1,970,1162.0m $190.2m $190.2m 0.73% Reduced -10.7k -10,676
27 Mariner, LLC 0.22% of their portfolio Overland Park, KS 1,733,0341.7m $167.3m $167.3m 0.22% Reduced -2.2k -2,245
28 NATIXIS ADVISORS, LLC 0.24% of their portfolio Boston, MA 1,679,6221.7m $162.2m $162.2m 0.24% Added +48.9k +48,908
29 KEYBANK NATIONAL ASSOCIATION/OH 0.54% of their portfolio BROOKLYN, OH 1,578,7991.6m $152.4m $152.4m 0.54% Reduced -64.3k -64,255
30 COMMERCE BANK 0.80% of their portfolio KANSAS CITY, MO 1,498,0451.5m $144.6m $144.6m 0.80% Reduced -32.7k -32,695
31 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 1,406,4581.4m $135.8m $135.8m 0.06% Added +52.9k +52,943
32 Glenview Trust Co 1.97% of their portfolio Louisville, KY 1,289,6421.3m $124.5m $124.5m 1.97% Added +4.0k +4,043
33 OAKWORTH CAPITAL, INC. 6.45% of their portfolio BIRMINGHAM, AL 1,156,4451.2m $111.7m $111.7m 6.45% Added +12.8k +12,778
34 SYNOVUS FINANCIAL CORP 1.24% of their portfolio Columbus, GA 1,122,0811.1m $108.3m $108.3m 1.24% Added +17.1k +17,086
35 First Western Trust Bank 4.82% of their portfolio Denver, CO 1,087,3171.1m $105.0m $105.0m 4.82% Reduced -66.0k -66,015
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,069,9481.1m $103.3m $103.3m 0.07% Reduced -3.7k -3,733
37 COMMONWEALTH EQUITY SERVICES, LLC 0.13% of their portfolio WALTHAM, MA 1,036,4681.0m $100.1m $100.1m 0.13% Added +72.8k +72,772
38 Janney Montgomery Scott LLC 0.24% of their portfolio PHILADELPHIA, PA 1,034,9291.0m $99.9m $99.9m 0.24% Reduced -7.9k -7,885
39 GERMAN AMERICAN BANCORP, INC. 8.22% of their portfolio JASPER, IN 964,150964.1k $93.1m $93.1m 8.22% Added +25.2k +25,190
40 WASHINGTON TRUST Co 2.94% of their portfolio WESTERLY, RI 928,293928.3k $89.6m $89.6m 2.94% Added +278 +278
41 Creative Planning 0.07% of their portfolio OVERLAND PARK, KS 928,121928.1k $89.6m $89.6m 0.07% Reduced -2.3k -2,299
42 Lido Advisors, LLC 0.36% of their portfolio Los Angeles, CA 918,943918.9k $88.7m $88.7m 0.36% Reduced -6.8k -6,808
43 UMB Bank, n.a. 1.29% of their portfolio Kansas City, MO 906,760906.8k $87.5m $87.5m 1.29% Added +24.7k +24,680
44 JMG Financial Group, Ltd. 2.44% of their portfolio DOWNERS GROVE, IL 889,118889.1k $85.8m $85.8m 2.44% Reduced -19.1k -19,136
45 Atlantic Union Bankshares Corp 1.60% of their portfolio GLEN ALLEN, VA 877,534877.5k $84.7m $84.7m 1.60% Added +72.3k +72,260
46 ALBION FINANCIAL GROUP /UT 5.10% of their portfolio SALT LAKE CITY, UT 874,123874.1k $84.4m $84.4m 5.10% Added +2.5k +2,464
47 Cerity Partners LLC 0.13% of their portfolio NEW YORK, NY 852,310852.3k $82.3m $82.3m 0.13% Added +22.5k +22,496
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 826,751826.8k $79.9m $79.9m 0.12% Reduced -1.8k -1,756
49 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 813,444813.4k $78.5m $78.5m 0.06% Added +48.8k +48,806
50 Clearstead Advisors, LLC 1.08% of their portfolio CLEVELAND, OH 768,383768.4k $74.2m $74.2m 1.08% Added +3.3k +3,273
51 FACTORY MUTUAL INSURANCE CO 0.71% of their portfolio WALTHAM, MA 758,700758.7k $73.3m $73.3m 0.71% Reduced -220.0k -220,000
52 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 757,243757.2k $73.0m $73.0m 0.10% Added +152.4k +152,379
53 International City Management Association Retirement Corp 34.62% of their portfolio WASHINGTON, DC 702,067702.1k $67.8m $67.8m 34.62% Unchanged
54 Millburn Ridgefield LLC /DE/ 1.58% of their portfolio New York, NY 685,140685.1k $66.2m $66.2m 1.58% Reduced -47.6k -47,618
55 Catalyst Capital Advisors LLC 1.33% of their portfolio San Juan, PR 685,140685.1k $66.2m $66.2m 1.33% Reduced -47.6k -47,618
56 Rockefeller Capital Management L.P. 0.13% of their portfolio NEW YORK, NY 678,409678.4k $65.5m $65.5m 0.13% Reduced -686.7k -686,711
57 Badgley Phelps Wealth Managers, LLC 1.34% of their portfolio SEATTLE, WA 661,290661.3k $63.8m $63.8m 1.34% Added +7.0k +7,022
58 Citizens Business Bank 10.50% of their portfolio ONTARIO, CA 651,577651.6k $62.9m $62.9m 10.50% Added +6.5k +6,458
59 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 647,191647.2k $62.5m $62.5m 0.02% Reduced -3.8k -3,775
60 COMERICA BANK 0.20% of their portfolio DALLAS, TX 556,927556.9k $53.8m $53.8m 0.20% Added +12.0k +12,030
61 Mesirow Financial Investment Management, Inc. 0.95% of their portfolio CHICAGO, IL 547,963548.0k $52.9m $52.9m 0.95% Added +597 +597
62 NorthRock Partners, LLC 0.93% of their portfolio MINNEAPOLIS, MN 533,490533.5k $51.5m $51.5m 0.93% Added +495.3k +495,279
63 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 522,195522.2k $50.4m $50.4m 0.06% Added +618 +618
64 STOCK YARDS BANK & TRUST CO 1.55% of their portfolio LOUISVILLE, KY 510,511510.5k $49.3m $49.3m 1.55% Added +8.8k +8,783
65 FIRST FOUNDATION ADVISORS 1.81% of their portfolio Irvine, CA 507,395507.4k $49.0m $49.0m 1.81% Added +7.7k +7,676
66 Composition Wealth, LLC 0.73% of their portfolio LOS ANGELES, CA 506,822506.8k $48.9m $48.9m 0.73% Reduced -515.1k -515,067
67 HUNTINGTON NATIONAL BANK 0.29% of their portfolio COLUMBUS, OH 491,729491.7k $47.5m $47.5m 0.29% Reduced -19.6k -19,578
68 COUNTRY TRUST BANK 1.04% of their portfolio Bloomington, IL 491,624491.6k $47.5m $47.5m 1.04% Reduced -3.2k -3,247
69 Steward Partners Investment Advisory, LLC 0.27% of their portfolio STAMFORD, CT 485,977486.0k $46.9m $46.9m 0.27% Added +3.8k +3,841
70 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 479,460479.5k $46.3m $46.3m 0.13% Added +2.2k +2,158
71 Sanctuary Advisors, LLC 0.13% of their portfolio INDIANAPOLIS, IN 474,531474.5k $43.2m $43.2m 0.13% Added +241.5k +241,508
72 Focus Partners Wealth 0.07% of their portfolio ST LOUIS, MO 469,591469.6k $45.3m $45.3m 0.07% Added +2.1k +2,085
73 MAI Capital Management 0.26% of their portfolio INDEPENDENCE, OH 432,002432.0k $41.7m $41.7m 0.26% Reduced -2.8k -2,752
74 M&T Bank Corp 0.14% of their portfolio BUFFALO, NY 431,206431.2k $41.6m $41.6m 0.14% Reduced -20.4k -20,351
75 Proficio Capital Partners LLC 2.83% of their portfolio NEWTON, MA 426,784426.8k $41.2m $41.2m 2.83% Added +418.5k +418,484
76 STEPHENS INC /AR/ 0.52% of their portfolio LITTLE ROCK, AR 425,786425.8k $41.1m $41.1m 0.52% Added +12.0k +11,994
77 River Wealth Advisors LLC 4.65% of their portfolio CAMP HILL, PA 411,559411.6k $39.7m $39.7m 4.65% Added +8.6k +8,619
78 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.10% of their portfolio LOS ANGELES, CA 409,596409.6k $39.5m $39.5m 0.10% Added +57.7k +57,666
79 Stegner Investment Associates Inc. 21.28% of their portfolio LOUISVILLE, KY 401,968402.0k $38.8m $38.8m 21.28% Added +45.3k +45,325
80 Wealthspire Advisors, LLC 0.20% of their portfolio NEW YORK, NY 390,216390.2k $37.7m $37.7m 0.20% Added +5.8k +5,822
81 BlackRock, Inc. 0.00% of their portfolio New York, NY 382,997383.0k $37.0m $37.0m 0.00% Added +86.7k +86,677
82 Dakota Wealth Management 0.73% of their portfolio PALM BEACH GARDENS, FL 375,324375.3k $36.2m $36.2m 0.73% Reduced -64.7k -64,667
83 ALERUS FINANCIAL NA 1.84% of their portfolio GRAND FORKS, ND 374,711374.7k $36.2m $36.2m 1.84% Reduced -9.9k -9,851
84 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 374,678374.7k $36.2m $36.2m 0.06% Reduced -47.1k -47,053
85 CAPTRUST FINANCIAL ADVISORS 0.07% of their portfolio RALEIGH, NC 368,581368.6k $35.6m $35.6m 0.07% Reduced -8.3k -8,350
86 Coastline Trust Co 3.77% of their portfolio PROVIDENCE, RI 363,830363.8k $35.1m $35.1m 3.77% Added +874 +874
87 Gilbert & Cook, Inc. 4.50% of their portfolio WEST DES MOINES, IA 362,458362.5k $35.0m $35.0m 4.50% Reduced -17.3k -17,277
88 Wilmington Savings Fund Society, FSB 0.78% of their portfolio WILMINGTON, DE 336,534336.5k $32.5m $32.5m 0.78% Reduced -44.7k -44,670
89 BROWN ADVISORY INC 0.04% of their portfolio BALTIMORE, MD 335,400335.4k $32.4m $32.4m 0.04% Reduced -4.6k -4,558
90 Consolidated Investment Group LLC 3.83% of their portfolio ENGLEWOOD, CO 323,140323.1k $31.2m $31.2m 3.83% Unchanged
91 D.A. DAVIDSON & CO. 0.20% of their portfolio GREAT FALLS, MT 318,885318.9k $30.8m $30.8m 0.20% Added +6.3k +6,307
92 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 316,367316.4k $30.5m $30.5m 0.05% Added +142.5k +142,468
93 Envestnet Portfolio Solutions, Inc. 0.11% of their portfolio BERWYN, PA 311,501311.5k $30.1m $30.1m 0.11% Reduced -10 -10
94 Legacy Edge Advisors, LLC 3.46% of their portfolio SYOSSET, NY 304,420304.4k $29.4m $29.4m 3.46% Added +29.1k +29,073
95 REGIONS FINANCIAL CORP 0.09% of their portfolio BIRMINGHAM, AL 301,183301.2k $29.1m $29.1m 0.09% Added +9.7k +9,694
96 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 299,467299.5k $28.9m $28.9m 0.08% Reduced -35.7k -35,663
97 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 292,796292.8k $28.3m $28.3m 0.06% Added +227.5k +227,455
98 COLDSTREAM CAPITAL MANAGEMENT INC 0.38% of their portfolio BELLEVUE, WA 289,768289.8k $28.0m $28.0m 0.38% Reduced -2.6k -2,599
99 AE Wealth Management LLC 0.18% of their portfolio TOPEKA, KS 286,786286.8k $27.7m $27.7m 0.18% Added +36.0k +35,969
100 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 275,529275.5k $26.6m $26.6m 0.02% Added +24.5k +24,470