Vault-13

ISHARES TR IWR

RUS MID CAP ETF · ETP · CUSIP 464287499

1,526 institutional holders +93 vs Q3 2025
400,950,787401.0m shares reported held*
$38.6bnreported value*
93 new 555 added 418 reduced 66 sold out net bought ≈ $881.2m (+9.3m 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 ($32.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $96.37. Options: 3 managers hold calls ($6.7m notional), 5 hold puts ($884.0k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 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: 1,433Q4 25: 1,5261,526Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,526

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 462 bought or addedQ1 24: 534 cut or sold outQ2 24: 489 bought or addedQ2 24: 498 cut or sold outQ2 24Q3 24: 500 bought or addedQ3 24: 473 cut or sold outQ4 24: 573 bought or addedQ4 24: 460 cut or sold outQ4 24Q1 25: 514 bought or addedQ1 25: 597 cut or sold outQ2 25: 569 bought or addedQ2 25: 521 cut or sold outQ2 25Q3 25: 545 bought or addedQ3 25: 528 cut or sold outQ4 25: 648 bought or addedQ4 25: 484 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024462534
Q2 2024489498
Q3 2024500473
Q4 2024573460
Q1 2025514597
Q2 2025569521
Q3 2025545528
Q4 2025648484

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 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 0.08Q4 25 calls: $6.7mQ4 25 puts: $884.0kQ4 25P/C 0.13
Numbers
QuarterCallsPutsP/C
Q1 2025$9.4m$12.6m1.35
Q2 2025$14.5m$2.0m0.14
Q3 2025$16.2m$1.3m0.08
Q4 2025$6.7m$884.0k0.13

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +4,142,465+4.1m
JONES FINANCIAL COMPANIES LLLP Added +3,576,847+3.6m
WELLS FARGO & COMPANY/MN Added +1,438,369+1.4m
Corient Private Wealth LP Added +911,271+911.3k
ROYAL BANK OF CANADA Added +905,157+905.2k
Bank of New York Mellon Corp Added +756,994+757.0k
Waverly Advisors, LLC Added +756,382+756.4k
ALERUS FINANCIAL NA Added +587,914+587.9k
ENVESTNET ASSET MANAGEMENT INC Added +559,611+559.6k
NORTHERN TRUST CORP Added +526,956+527.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -6,508,190-6.5m
US BANCORP \DE\ Reduced -710,695-710.7k
Proficio Capital Partners LLC Sold out -426,784-426.8k
BNP PARIBAS FINANCIAL MARKETS Reduced -384,937-384.9k
AMERIPRISE FINANCIAL INC Reduced -329,657-329.7k
COUNTRY TRUST BANK Reduced -320,363-320.4k
PNC Financial Services Group, Inc. Reduced -249,773-249.8k
Mesirow Financial Investment Management, Inc. Reduced -242,499-242.5k
Sanctuary Advisors, LLC Reduced -225,714-225.7k
Wealthspire Advisors, LLC Reduced -187,127-187.1k

Biggest calls

CITADEL ADVISORS LLC Added $3.4m34.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.3m23.5k shares
JANE STREET GROUP, LLC Reduced $1.1m11.5k shares

Biggest puts

JANE STREET GROUP, LLC New $336.9k3.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $240.7k2.5k shares
CITADEL ADVISORS LLC Reduced $231.0k2.4k shares
Smith & Howard Wealth Management, LLC Added $46.5k500 shares
UBS Group AG Reduced $28.9k300 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JONES FINANCIAL COMPANIES LLLP 4.63% of their portfolio DES PERES, MO 78,920,85578.9m $7.6bn $7.6bn 4.63% Added +3.6m +3,576,847
2 BANK OF AMERICA CORP /DE/ 0.47% of their portfolio CHARLOTTE, NC 66,569,63066.6m $6.4bn $6.4bn 0.47% Added +4.1m +4,142,465
3 WELLS FARGO & COMPANY/MN 0.78% of their portfolio SAN FRANCISCO, CA 41,686,08841.7m $4.0bn $4.0bn 0.78% Added +1.4m +1,438,369
4 US BANCORP \DE\ 1.46% of their portfolio MINNEAPOLIS, MN 12,928,97112.9m $1.2bn $1.2bn 1.46% Reduced -710.7k -710,695
5 PNC Financial Services Group, Inc. 0.66% of their portfolio Pittsburgh, PA 12,497,70712.5m $1.2bn $1.2bn 0.66% Reduced -249.8k -249,773
6 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 10,797,76910.8m $1.0bn $1.0bn 0.06% Added +460.1k +460,088
7 Bank of New York Mellon Corp 0.18% of their portfolio NEW YORK, NY 10,779,44010.8m $1.0bn $1.0bn 0.18% Added +757.0k +756,994
8 NORTHERN TRUST CORP 0.13% of their portfolio CHICAGO, IL 10,331,59110.3m $994.6m $994.6m 0.13% Added +527.0k +526,956
9 Baird Financial Group, Inc. 1.30% of their portfolio MILWAUKEE, WI 8,681,4698.7m $835.8m $835.8m 1.30% Added +223.0k +223,022
10 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 7,911,9107.9m $761.7m $761.7m 0.13% Added +905.2k +905,157
11 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 6,739,3506.7m $648.8m $648.8m 0.04% Reduced -6.5m -6,508,190
12 UBS Group AG 0.11% of their portfolio ZURICH, V8 6,013,6866.0m $578.9m $578.9m 0.11% Reduced -6.2k -6,199
13 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 4,598,6544.6m $442.7m $442.7m 0.13% Added +559.6k +559,611
14 TRUIST FINANCIAL CORP 0.54% of their portfolio CHARLOTTE, NC 4,180,3464.2m $402.4m $402.4m 0.54% Reduced -14.1k -14,055
15 FMR LLC 0.02% of their portfolio BOSTON, MA 4,056,4764.1m $390.5m $390.5m 0.02% Added +9.8k +9,803
16 AMG National Trust Bank 8.65% of their portfolio GREENWOOD VILLAGE, CO 3,811,6213.8m $366.9m $366.9m 8.65% Added +13.5k +13,491
17 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 3,520,0663.5m $338.9m $338.9m 0.09% Added +313.2k +313,199
18 TIAA TRUST, NATIONAL ASSOCIATION 0.74% of their portfolio CHARLOTTE, NC 3,218,4343.2m $309.8m $309.8m 0.74% Reduced -117.7k -117,733
19 CIBC Private Wealth Group LLC 0.51% of their portfolio ATLANTA, GA 3,149,6003.1m $303.2m $303.2m 0.51% Added +189.0k +189,000
20 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 2,921,3342.9m $281.2m $281.2m 0.09% Added +130.6k +130,623
21 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 2,824,2892.8m $271.9m $271.9m 0.06% Reduced -329.7k -329,657
22 JOHNSON INVESTMENT COUNSEL INC 2.22% of their portfolio Cincinnati, OH 2,817,4422.8m $271.2m $271.2m 2.22% Added +146.1k +146,142
23 Cetera Investment Advisers 0.24% of their portfolio SCHAUMBURG, IL 2,256,4362.3m $217.2m $217.2m 0.24% Added +81.3k +81,346
24 FIFTH THIRD BANCORP 0.62% of their portfolio CINCINNATI, OH 2,026,2702.0m $195.1m $195.1m 0.62% Reduced -30.6k -30,624
25 NATIXIS ADVISORS, LLC 0.27% of their portfolio Boston, MA 1,961,9982.0m $188.9m $188.9m 0.27% Added +282.4k +282,376
26 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,941,9791.9m $187.0m $187.0m 0.03% Reduced -54.4k -54,419
27 Pathstone Holdings, LLC 0.71% of their portfolio ENGLEWOOD, NJ 1,908,8551.9m $183.8m $183.8m 0.71% Reduced -61.3k -61,261
28 Mariner, LLC 0.20% of their portfolio Overland Park, KS 1,775,3141.8m $170.9m $170.9m 0.20% Added +42.3k +42,280
29 KEYBANK NATIONAL ASSOCIATION/OH 0.54% of their portfolio BROOKLYN, OH 1,569,7611.6m $151.1m $151.1m 0.54% Reduced -9.0k -9,038
30 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 1,547,3091.5m $149.0m $149.0m 0.06% Added +140.9k +140,851
31 COMMERCE BANK 0.79% of their portfolio KANSAS CITY, MO 1,483,9191.5m $142.9m $142.9m 0.79% Reduced -14.1k -14,126
32 Glenview Trust Co 1.94% of their portfolio Louisville, KY 1,306,4631.3m $125.8m $125.8m 1.94% Added +16.8k +16,821
33 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 1,285,9491.3m $111.3m $111.3m 0.07% Added +911.3k +911,271
34 Pinnacle Financial Partners, Inc. 0.91% of their portfolio ATLANTA, GA 1,249,1581.2m $120.3m $120.3m 0.91% First filing
35 OAKWORTH CAPITAL, INC. 6.23% of their portfolio BIRMINGHAM, AL 1,185,4971.2m $114.1m $114.1m 6.23% Added +29.1k +29,052
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,179,6041.2m $113.6m $113.6m 0.07% Added +109.7k +109,656
37 First Western Trust Bank 5.06% of their portfolio Denver, CO 1,069,2781.1m $102.9m $102.9m 5.06% Reduced -18.0k -18,039
38 Janney Montgomery Scott LLC 0.23% of their portfolio PHILADELPHIA, PA 1,046,5681.0m $100.8m $100.8m 0.23% Added +11.6k +11,639
39 UMB Bank, n.a. 1.24% of their portfolio Kansas City, MO 965,862965.9k $93.0m $93.0m 1.24% Added +59.1k +59,102
40 ALERUS FINANCIAL NA 4.53% of their portfolio GRAND FORKS, ND 962,625962.6k $92.7m $92.7m 4.53% Added +587.9k +587,914
41 GERMAN AMERICAN BANCORP, INC. 7.86% of their portfolio JASPER, IN 958,983959.0k $92.3m $92.3m 7.86% Reduced -5.2k -5,167
42 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 939,565939.6k $90.5m $90.5m 0.06% Added +11.4k +11,444
43 Waverly Advisors, LLC 0.73% of their portfolio BIRMINGHAM, AL 933,429933.4k $89.9m $89.9m 0.73% Added +756.4k +756,382
44 Rockefeller Capital Management L.P. 0.16% of their portfolio NEW YORK, NY 925,575925.6k $89.1m $89.1m 0.16% Added +247.2k +247,166
45 WASHINGTON TRUST Co 2.88% of their portfolio WESTERLY, RI 914,786914.8k $88.1m $88.1m 2.88% Reduced -13.5k -13,507
46 COMMONWEALTH EQUITY SERVICES, LLC 0.12% of their portfolio WALTHAM, MA 909,115909.1k $87.5m $87.5m 0.12% Reduced -127.4k -127,353
47 Atlantic Union Bankshares Corp 1.61% of their portfolio GLEN ALLEN, VA 891,214891.2k $85.8m $85.8m 1.61% Added +13.7k +13,680
48 Lido Advisors, LLC 0.34% of their portfolio Los Angeles, CA 885,351885.4k $85.3m $85.3m 0.34% Reduced -33.6k -33,592
49 JMG Financial Group, Ltd. 2.35% of their portfolio DOWNERS GROVE, IL 868,158868.2k $83.6m $83.6m 2.35% Reduced -21.0k -20,960
50 Cerity Partners LLC 0.12% of their portfolio NEW YORK, NY 859,813859.8k $82.8m $82.8m 0.12% Added +7.5k +7,503
51 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 858,615858.6k $85.7m $85.7m 0.12% Added +31.9k +31,864
52 ALBION FINANCIAL GROUP /UT 5.11% of their portfolio SALT LAKE CITY, UT 853,473853.5k $82.2m $82.2m 5.11% Reduced -20.6k -20,650
53 Clearstead Advisors, LLC 0.93% of their portfolio CLEVELAND, OH 765,011765.0k $73.6m $73.6m 0.93% Reduced -3.4k -3,372
54 FACTORY MUTUAL INSURANCE CO 0.74% of their portfolio WALTHAM, MA 758,700758.7k $73.0m $73.0m 0.74% Unchanged
55 NorthRock Partners, LLC 1.17% of their portfolio MINNEAPOLIS, MN 718,922718.9k $69.2m $69.2m 1.17% Added +185.4k +185,432
56 International City Management Association Retirement Corp 34.32% of their portfolio WASHINGTON, DC 702,067702.1k $67.6m $67.6m 34.32% Unchanged
57 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 688,543688.5k $66.3m $66.3m 0.10% Reduced -68.7k -68,700
58 Millburn Ridgefield LLC /DE/ 1.57% of their portfolio New York, NY 685,140685.1k $66.0m $66.0m 1.57% Unchanged
59 Catalyst Capital Advisors LLC 1.36% of their portfolio San Juan, PR 685,140685.1k $66.0m $66.0m 1.36% Unchanged
60 Badgley Phelps Wealth Managers, LLC 1.21% of their portfolio SEATTLE, WA 684,261684.3k $65.9m $65.9m 1.21% Added +23.0k +22,971
61 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 666,823666.8k $64.2m $64.2m 0.02% Added +19.6k +19,632
62 Citizens Business Bank 10.41% of their portfolio ONTARIO, CA 654,638654.6k $63.0m $63.0m 10.41% Added +3.1k +3,061
63 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.16% of their portfolio LOS ANGELES, CA 608,409608.4k $58.6m $58.6m 0.16% Added +198.8k +198,813
64 COMERICA BANK 0.21% of their portfolio DALLAS, TX 555,003555.0k $53.4m $53.4m 0.21% Reduced -1.9k -1,924
65 Steward Partners Investment Advisory, LLC 0.28% of their portfolio STAMFORD, CT 528,873528.9k $50.9m $50.9m 0.28% Added +42.9k +42,896
66 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 522,393522.4k $50.3m $50.3m 0.06% Added +198 +198
67 FIRST FOUNDATION ADVISORS 1.88% of their portfolio Irvine, CA 518,013518.0k $49.9m $49.9m 1.88% Added +10.6k +10,618
68 STOCK YARDS BANK & TRUST CO 1.52% of their portfolio LOUISVILLE, KY 517,524517.5k $49.8m $49.8m 1.52% Added +7.0k +7,013
69 Focus Partners Wealth 0.06% of their portfolio ST LOUIS, MO 501,958502.0k $48.3m $48.3m 0.06% Added +32.4k +32,367
70 Composition Wealth, LLC 0.67% of their portfolio LOS ANGELES, CA 487,790487.8k $47.0m $47.0m 0.67% Reduced -19.0k -19,032
71 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 476,698476.7k $45.9m $45.9m 0.12% Reduced -2.8k -2,762
72 HUNTINGTON NATIONAL BANK 0.28% of their portfolio COLUMBUS, OH 475,955476.0k $45.8m $45.8m 0.28% Reduced -15.8k -15,774
73 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 459,253459.3k $44.2m $44.2m 0.02% Added +400.5k +400,534
74 Stegner Investment Associates Inc. 22.66% of their portfolio LOUISVILLE, KY 442,962443.0k $42.6m $42.6m 22.66% Added +41.0k +40,994
75 MAI Capital Management 0.24% of their portfolio INDEPENDENCE, OH 439,833439.8k $42.3m $42.3m 0.24% Added +7.8k +7,831
76 River Wealth Advisors LLC 4.64% of their portfolio CAMP HILL, PA 430,189430.2k $41.4m $41.4m 4.64% Added +18.6k +18,630
77 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 428,507428.5k $41.3m $41.3m 0.03% Reduced -384.9k -384,937
78 STEPHENS INC /AR/ 0.51% of their portfolio LITTLE ROCK, AR 425,152425.2k $40.9m $40.9m 0.51% Reduced -634 -634
79 M&T Bank Corp 0.13% of their portfolio BUFFALO, NY 423,095423.1k $40.7m $40.7m 0.13% Reduced -8.1k -8,111
80 BlackRock, Inc. 0.00% of their portfolio New York, NY 396,239396.2k $38.1m $38.1m 0.00% Added +13.2k +13,242
81 Dakota Wealth Management 0.63% of their portfolio PALM BEACH GARDENS, FL 370,981371.0k $35.7m $35.7m 0.63% Reduced -4.3k -4,343
82 BROWN ADVISORY INC 0.05% of their portfolio BALTIMORE, MD 370,965371.0k $35.7m $35.7m 0.05% Added +35.6k +35,565
83 CAPTRUST FINANCIAL ADVISORS 0.07% of their portfolio RALEIGH, NC 359,800359.8k $34.6m $34.6m 0.07% Reduced -8.8k -8,781
84 Gilbert & Cook, Inc. 4.27% of their portfolio WEST DES MOINES, IA 352,588352.6k $33.9m $33.9m 4.27% Reduced -9.9k -9,870
85 Wilmington Savings Fund Society, FSB 0.79% of their portfolio WILMINGTON, DE 347,503347.5k $33.5m $33.5m 0.79% Added +11.0k +10,969
86 Coastline Trust Co 3.13% of their portfolio PROVIDENCE, RI 345,238345.2k $33.2m $33.2m 3.13% Reduced -18.6k -18,592
87 Legacy Edge Advisors, LLC 3.49% of their portfolio SYOSSET, NY 330,997331.0k $31.9m $31.9m 3.49% Added +26.6k +26,577
88 Envestnet Portfolio Solutions, Inc. 0.11% of their portfolio BERWYN, PA 325,324325.3k $31.3m $31.3m 0.11% Added +13.8k +13,823
89 D.A. DAVIDSON & CO. 0.19% of their portfolio GREAT FALLS, MT 323,817323.8k $31.2m $31.2m 0.19% Added +4.9k +4,932
90 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 323,627323.6k $31.2m $31.2m 0.08% Added +24.2k +24,160
91 Consolidated Investment Group LLC 3.72% of their portfolio ENGLEWOOD, CO 323,140323.1k $31.1m $31.1m 3.72% Unchanged
92 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 318,585318.6k $30.8m $30.8m 0.05% Added +2.2k +2,218
93 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 318,400318.4k $30.7m $30.7m 0.03% Added +42.9k +42,871
94 AE Wealth Management LLC 0.17% of their portfolio TOPEKA, KS 308,358308.4k $29.7m $29.7m 0.17% Added +21.6k +21,572
95 Mesirow Financial Investment Management, Inc. 0.60% of their portfolio CHICAGO, IL 305,464305.5k $29.4m $29.4m 0.60% Reduced -242.5k -242,499
96 REGIONS FINANCIAL CORP 0.18% of their portfolio BIRMINGHAM, AL 299,469299.5k $28.8m $28.8m 0.18% Reduced -1.7k -1,714
97 NewEdge Advisors, LLC 0.10% of their portfolio NEW ORLEANS, LA 299,318299.3k $28.8m $28.8m 0.10% Added +92.1k +92,140
98 COLDSTREAM CAPITAL MANAGEMENT INC 0.35% of their portfolio BELLEVUE, WA 282,567282.6k $27.2m $27.2m 0.35% Reduced -7.2k -7,201
99 BOKF, NA 0.40% of their portfolio TULSA, OK 270,276270.3k $26.0m $26.0m 0.40% Added +106.7k +106,738
100 SIGMA INVESTMENT COUNSELORS INC 1.31% of their portfolio NORTHVILLE, MI 266,954267.0k $25.7m $25.7m 1.31% Reduced -3.7k -3,713