Vault-13

ISHARES TR IGV

EXPANDED TECH · ETP · CUSIP 464287515 · ISIN US4642875151

688 institutional holders +57 vs Q1 2025
81,692,33881.7m shares reported held*
$8.8bnreported value*
122 new 226 added 202 reduced 66 sold out net bought ≈ $864.5m (+7.9m 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 ($2.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $107.71. Options: 15 managers hold calls ($532.3m notional), 16 hold puts ($361.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 376Q4 22: 379Q1 23: 375Q2 23: 413Q3 23: 419Q4 23: 484Q1 24: 473Q2 24: 490Q3 24: 489Q4 24: 624Q1 25: 631Q2 25: 688688Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022376
Q4 2022379
Q1 2023375
Q2 2023413
Q3 2023419
Q4 2023484
Q1 2024473
Q2 2024490
Q3 2024489
Q4 2024624
Q1 2025631
Q2 2025688

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 168 bought or addedQ3 23: 174 cut or sold outQ4 23: 204 bought or addedQ4 23: 170 cut or sold outQ4 23Q1 24: 201 bought or addedQ1 24: 241 cut or sold outQ2 24: 202 bought or addedQ2 24: 200 cut or sold outQ2 24Q3 24: 169 bought or addedQ3 24: 233 cut or sold outQ4 24: 344 bought or addedQ4 24: 156 cut or sold outQ4 24Q1 25: 335 bought or addedQ1 25: 242 cut or sold outQ2 25: 348 bought or addedQ2 25: 268 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023168174
Q4 2023204170
Q1 2024201241
Q2 2024202200
Q3 2024169233
Q4 2024344156
Q1 2025335242
Q2 2025348268

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ3 24 calls: $101.5mQ3 24 puts: $151.6mQ3 24P/C 1.49Q4 24 calls: $875.4mQ4 24 puts: $341.6mQ4 24P/C 0.39Q1 25 calls: $853.9mQ1 25 puts: $220.8mQ1 25P/C 0.26Q2 25 calls: $532.3mQ2 25 puts: $361.5mQ2 25P/C 0.68
Numbers
QuarterCallsPutsP/C
Q3 2024$101.5m$151.6m1.49
Q4 2024$875.4m$341.6m0.39
Q1 2025$853.9m$220.8m0.26
Q2 2025$532.3m$361.5m0.68

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +3,154,300+3.2m
Migdal Insurance & Financial Holdings Ltd. Added +2,964,572+3.0m
ROYAL BANK OF CANADA Added +1,316,814+1.3m
JPMORGAN CHASE & CO Added +1,186,519+1.2m
BANK OF AMERICA CORP /DE/ Added +1,096,947+1.1m
Twin Tree Management, LP Added +862,487+862.5k
Qube Research & Technologies Ltd New +442,378+442.4k
WELLS FARGO & COMPANY/MN Added +363,226+363.2k
ENVESTNET ASSET MANAGEMENT INC Added +328,089+328.1k
WestEnd Advisors, LLC Added +309,669+309.7k

Biggest sellers

Varma Mutual Pension Insurance Co Sold out -2,482,227-2.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,100,107-1.1m
Clal Insurance Enterprises Holdings Ltd Reduced -900,000-900.0k
CITIGROUP INC Reduced -412,775-412.8k
Squarepoint Ops LLC Sold out -347,964-348.0k
UBS Group AG Reduced -345,719-345.7k
CITADEL ADVISORS LLC Reduced -288,421-288.4k
GOLDMAN SACHS GROUP INC Reduced -249,086-249.1k
MENORA MIVTACHIM HOLDINGS LTD. Reduced -214,250-214.2k
BARCLAYS PLC Reduced -159,391-159.4k

Biggest calls

CITADEL ADVISORS LLC Added $136.7m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $92.9m848.0k shares
UBS Group AG Added $55.8m510.0k shares
NOMURA HOLDINGS INC Reduced $54.8m500.0k shares
WELLS FARGO & COMPANY/MN Reduced $49.3m450.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $44.6m407.1k shares
JANE STREET GROUP, LLC Reduced $30.0m273.6k shares
Twin Tree Management, LP New $23.6m215.5k shares
BANK OF AMERICA CORP /DE/ Reduced $19.7m180.0k shares
MILLENNIUM MANAGEMENT LLC Added $11.4m103.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $81.6m744.9k shares
JANE STREET GROUP, LLC Added $68.7m627.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $58.6m535.3k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $39.0m356.2k shares
Concentric Capital Strategies, LP New $35.8m326.8k shares
Candlestick Capital Management LP New $28.9m263.5k shares
GOLDMAN SACHS GROUP INC New $16.6m151.7k shares
MARSHALL WACE, LLP Added $14.8m135.5k shares
PEAK6 LLC Reduced $6.9m63.4k shares
Parallax Volatility Advisers, L.P. Reduced $4.1m37.7k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 7,887,9947.9m $863.7m $863.7m 0.07% Added +1.1m +1,096,947
2 Migdal Insurance & Financial Holdings Ltd. 3.54% of their portfolio Petach Tikva, L3 5,439,1445.4m $595.6m $595.6m 3.54% Added +3.0m +2,964,572
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 4,182,1874.2m $457.9m $457.9m 0.03% Reduced -24.5k -24,501
4 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 3,419,5363.4m $374.4m $374.4m 0.03% Added +1.2m +1,186,519
5 TWO SIGMA INVESTMENTS, LP 0.62% of their portfolio NEW YORK, NY 3,154,3003.2m $345.4m $345.4m 0.62% New
6 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 3,151,0973.2m $345.0m $345.0m 0.10% Added +328.1k +328,089
7 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 2,402,7272.4m $263.1m $263.1m 0.09% Added +129.3k +129,256
8 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,377,3032.4m $260.3m $260.3m 0.04% Reduced -249.1k -249,086
9 UBS Group AG 0.05% of their portfolio ZURICH, V8 2,369,2302.4m $259.4m $259.4m 0.05% Reduced -345.7k -345,719
10 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 2,236,3212.2m $244.9m $244.9m 0.08% Added +165.1k +165,075
11 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,072,1422.1m $226.9m $226.9m 0.02% Added +1.3m +1,316,814
12 MENORA MIVTACHIM HOLDINGS LTD. 1.27% of their portfolio Ramat Gan, L3 2,021,0512.0m $221.3m $221.3m 1.27% Reduced -214.2k -214,250
13 Clal Insurance Enterprises Holdings Ltd 2.03% of their portfolio Tel-aviv, L3 1,881,0001.9m $206.0m $206.0m 2.03% Reduced -900.0k -900,000
14 Janney Montgomery Scott LLC 0.53% of their portfolio PHILADELPHIA, PA 1,861,7731.9m $203.9m $203.9m 0.53% Added +159.5k +159,525
15 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 1,762,4131.8m $193.0m $193.0m 0.04% Added +363.2k +363,226
16 TRUIST FINANCIAL CORP 0.28% of their portfolio CHARLOTTE, NC 1,744,5031.7m $191.0m $191.0m 0.28% Added +49.5k +49,509
17 Main Management ETF Advisors, LLC 7.60% of their portfolio SAN FRANCISCO, CA 1,669,1351.7m $182.8m $182.8m 7.60% Added +16.2k +16,165
18 Harel Insurance Investments & Financial Services Ltd. 2.05% of their portfolio Ramat Gan, L3 1,636,9871.6m $179.2m $179.2m 2.05% Added +88.0k +87,987
19 WestEnd Advisors, LLC 4.40% of their portfolio CHARLOTTE, NC 1,621,4461.6m $177.6m $177.6m 4.40% Added +309.7k +309,669
20 Wellspring Financial Advisors, LLC 3.10% of their portfolio CLEVELAND, OH 1,611,0691.6m $30.8m $30.8m 3.10% Reduced -906 -906
21 Phoenix Financial Ltd. 1.95% of their portfolio Givatayim, L3 1,352,5531.4m $148.1m $148.1m 1.95% Added +3.1k +3,139
22 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.24% of their portfolio TORONTO, A6 1,100,0001.1m $120.5m $120.5m 0.24% Reduced -50.0k -50,000
23 Twin Tree Management, LP 2.51% of their portfolio DALLAS, TX 909,662909.7k $99.6m $99.6m 2.51% Added +862.5k +862,487
24 CITIGROUP INC 0.07% of their portfolio NEW YORK, NY 905,273905.3k $99.1m $99.1m 0.07% Reduced -412.8k -412,775
25 Fisher Asset Management, LLC 0.03% of their portfolio PLANO, TX 794,390794.4k $87.0m $87.0m 0.03% Reduced -118.2k -118,218
26 Nan Shan Life Insurance Co., Ltd. 1.59% of their portfolio Taipei City, F5 654,352654.4k $71.7m $71.7m 1.59% Added +71.9k +71,929
27 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 647,958648.0k $70.0m $70.0m 0.02% Added +58.1k +58,125
28 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 609,207609.2k $66.7m $66.7m 0.02% Added +4.2k +4,164
29 VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio San Antonio, TX 553,316553.3k $60.6m $60.6m 0.04% Added +34.1k +34,089
30 Foundations Investment Advisors, LLC 0.91% of their portfolio PHOENIX, AZ 528,530528.5k $57.9m $57.9m 0.91% Added +9.7k +9,681
31 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 514,484514.5k $56.3m $56.3m 0.05% Added +36.3k +36,315
32 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 470,620470.6k $51.5m $51.5m 0.06% Reduced -15.1k -15,106
33 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 442,378442.4k $48.4m $48.4m 0.07% New
34 Main Management LLC 3.77% of their portfolio SAN FRANCISCO, CA 438,233438.2k $48.0m $48.0m 3.77% Added +3.6k +3,634
35 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 431,887431.9k $47.3m $47.3m 0.04% Reduced -1.1m -1,100,107
36 SP Asset Management LLC 3.85% of their portfolio CUPERTINO, CA 426,277426.3k $46.7m $46.7m 3.85% Added +18.8k +18,819
37 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 364,517364.5k $39.4m $39.4m 0.07% Added +14.2k +14,227
38 Mirae Asset Global Investments Co., Ltd. 0.14% of their portfolio SEOUL, M5 359,550359.6k $39.4m $39.4m 0.14% Added +228.4k +228,430
39 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 355,574355.6k $38.9m $38.9m 0.07% Added +85.9k +85,896
40 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 353,070353.1k $38.7m $38.7m 0.11% Added +67.8k +67,775
41 Northeast Financial Consultants Inc 1.45% of their portfolio WESTPORT, CT 323,518323.5k $35.4m $35.4m 1.45% Reduced -487 -487
42 Federation des caisses Desjardins du Quebec 0.14% of their portfolio LEVIS, A8 283,455283.5k $31.0m $31.0m 0.14% Added +61.2k +61,216
43 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 282,818282.8k $31.0m $31.0m 0.09% Added +145.0k +145,044
44 BARINGS LLC 0.69% of their portfolio CHARLOTTE, NC 271,138271.1k $29.7m $29.7m 0.69% Unchanged
45 Waverly Advisors, LLC 0.32% of their portfolio BIRMINGHAM, AL 266,721266.7k $29.2m $29.2m 0.32% Added +167.4k +167,429
46 SPC Financial, Inc. 2.22% of their portfolio ROCKVILLE, MD 241,778241.8k $26.5m $26.5m 2.22% Added +486 +486
47 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 241,119241.1k $26.4m $26.4m 0.01% Reduced -159.4k -159,391
48 Equitable Holdings, Inc. 0.22% of their portfolio NEW YORK, NY 241,020241.0k $26.4m $26.4m 0.22% Reduced -7.0k -7,035
49 PRUDENTIAL PLC 0.15% of their portfolio LONDON, X0 230,633230.6k $25.3m $25.3m 0.15% Added +145.6k +145,634
50 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 225,695225.7k $24.7m $24.7m 0.03% Added +51.2k +51,151
51 L & S Advisors Inc 2.29% of their portfolio Los Angeles, CA 211,041211.0k $23.1m $23.1m 2.29% Added +208.3k +208,302
52 Maxi Investments CY Ltd 3.88% of their portfolio LIMASSOL, G4 209,600209.6k $23.0m $23.0m 3.88% New
53 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 207,552207.6k $22.7m $22.7m 0.05% Added +6.1k +6,100
54 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 203,870203.9k $22.3m $22.3m 0.00% Added +114.2k +114,211
55 Ardmore Road Asset Management LP 1.81% of their portfolio WESTPORT, CT 200,000200.0k $21.9m $21.9m 1.81% New
56 Sanctuary Advisors, LLC 0.13% of their portfolio INDIANAPOLIS, IN 188,541188.5k $20.6m $20.6m 0.13% Added +21.6k +21,590
57 Crestwood Advisors Group, LLC 0.37% of their portfolio BOSTON, MA 187,775187.8k $20.6m $20.6m 0.37% Reduced -1.9k -1,860
58 CWM, LLC 0.06% of their portfolio OMAHA, NE 161,635161.6k $17.7m $17.7m 0.06% Added +1.1k +1,110
59 Black Swift Group, LLC 3.53% of their portfolio BOULDER, CO 159,800159.8k $17.5m $17.5m 3.53% Added +60.1k +60,075
60 Mariner, LLC 0.02% of their portfolio Overland Park, KS 153,926153.9k $16.9m $16.9m 0.02% Reduced -14.3k -14,296
61 NOESIS CAPITAL MANGEMENT CORP 2.86% of their portfolio BOCA RATON, FL 150,245150.2k $16.5m $16.5m 2.86% Reduced -3.4k -3,415
62 Gimbal Financial 9.89% of their portfolio CARMEL, IN 146,995147.0k $16.1m $16.1m 9.89% New
63 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 140,284140.3k $15.4m $15.4m 0.02% Added +76.9k +76,912
64 Anfield Capital Management, LLC 5.03% of their portfolio IRVINE, CA 138,766138.8k $15.2m $15.2m 5.03% Reduced -1.8k -1,796
65 Fiduciary Trust Co 0.18% of their portfolio Boston, MA 133,066133.1k $14.6m $14.6m 0.18% Reduced -2.5k -2,513
66 LOWE BROCKENBROUGH & CO INC 0.80% of their portfolio RICHMOND, VA 129,437129.4k $14.2m $14.2m 0.80% Added +59.4k +59,392
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 127,041127.0k $13.9m $13.9m 0.01% Added +13.7k +13,697
68 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 120,430120.4k $13.2m $13.2m 0.02% Reduced -108.3k -108,287
69 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 117,840117.8k $12.9m $12.9m 0.02% Reduced -117.1k -117,084
70 MinichMacGregor Wealth Management, LLC 2.76% of their portfolio Saratoga Springs, NY 117,785117.8k $12.9m $12.9m 2.76% Added +41.7k +41,658
71 Advisory Services Network, LLC 0.21% of their portfolio ATLANTA, GA 117,301117.3k $13.1m $13.1m 0.21% Added +5.5k +5,473
72 Gemmer Asset Management LLC 1.13% of their portfolio WALNUT CREEK, CA 116,659116.7k $12.8m $12.8m 1.13% Added +13.4k +13,417
73 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 107,908107.9k $11.8m $11.8m 0.06% Added +6.9k +6,900
74 Baker Avenue Asset Management, LP 0.33% of their portfolio SAN FRANCISCO, CA 107,429107.4k $11.8m $11.8m 0.33% Reduced -1.4k -1,435
75 Chicago Wealth Management, Inc. 5.55% of their portfolio CHICAGO, IL 106,316106.3k $11.6m $11.6m 5.55% Reduced -176 -176
76 TTP Investments, Inc. 3.81% of their portfolio San Jose, CA 106,014106.0k $11.6m $11.6m 3.81% New
77 Perbak Capital Partners LLP 2.54% of their portfolio LONDON, X0 102,559102.6k $11.2m $11.2m 2.54% New
78 IronBridge Private Wealth, LLC 3.89% of their portfolio Austin, TX 101,966102.0k $11.2m $11.2m 3.89% Added +2.8k +2,792
79 Strategic Wealth Partners, Ltd. 0.87% of their portfolio INDEPENDENCE, OH 101,165101.2k $11.1m $11.1m 0.87% First filing
80 BANK HAPOALIM BM 1.50% of their portfolio TEL AVIV, L3 100,642100.6k $11.0m $11.0m 1.50% Added +2.1k +2,067
81 Legacy Edge Advisors, LLC 1.47% of their portfolio SYOSSET, NY 100,577100.6k $11.0m $11.0m 1.47% Added +3.9k +3,931
82 Prospera Financial Services Inc 0.21% of their portfolio Dallas, TX 100,550100.5k $11.0m $11.0m 0.21% Added +754 +754
83 AVALON CAPITAL MANAGEMENT 2.75% of their portfolio Port Of Redwood City, CA 93,64893.6k $10.3m $10.3m 2.75% New
84 J. Goldman & Co LP 0.32% of their portfolio NEW YORK, NY 93,64393.6k $10.3m $10.3m 0.32% Added +13.2k +13,194
85 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 90,22590.2k $9.9m $9.9m 0.02% Reduced -3.1k -3,094
86 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 89,21789.2k $9.8m $9.8m 0.05% Reduced -9.1k -9,094
87 D.A. DAVIDSON & CO. 0.07% of their portfolio GREAT FALLS, MT 88,46088.5k $9.7m $9.7m 0.07% Reduced -501 -501
88 Altus Wealth Management, LLC 4.64% of their portfolio FT MITCHELL, KY 88,44088.4k $9.7m $9.7m 4.64% Reduced -1.7k -1,688
89 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 86,65986.7k $9.6m $9.6m 0.02% Reduced -8.8k -8,841
90 Riggs Asset Managment Co. Inc. 2.29% of their portfolio DALLAS, PA 85,22385.2k $9.3m $9.3m 2.29% Added +51.2k +51,220
91 Atria Investments, Inc 0.11% of their portfolio Charlotte, NC 84,36184.4k $9.2m $9.2m 0.11% Added +13.3k +13,274
92 Principle Wealth Partners LLC 0.57% of their portfolio MADISON, CT 83,83083.8k $9.2m $9.2m 0.57% Reduced -8.3k -8,281
93 Maven Securities LTD 2.33% of their portfolio ST HELIER, Y9 82,06082.1k $9.0m $9.0m 2.33% New
94 Seven Springs Wealth Group, LLC 2.18% of their portfolio BRENTWOOD, TN 80,42580.4k $8.8m $8.8m 2.18% Added +11.6k +11,598
95 DAVENPORT & Co LLC 0.05% of their portfolio RICHMOND, VA 80,34080.3k $8.8m $8.8m 0.05% Added +8.5k +8,508
96 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 78,37578.4k $8.6m $8.6m 0.02% Reduced -4.8k -4,805
97 Silverleafe Capital Partners, LLC 2.92% of their portfolio GERMANTOWN, TN 76,50276.5k $8.4m $8.4m 2.92% Reduced -9.2k -9,242
98 U.S. Capital Wealth Advisors, LLC 0.24% of their portfolio AUSTIN, TX 75,28975.3k $8.2m $8.2m 0.24% Added +910 +910
99 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 73,25173.3k $8.0m $8.0m 0.01% Added +934 +934
100 Avestar Capital, LLC 0.57% of their portfolio New York, NY 70,75570.8k $7.7m $7.7m 0.57% New