Vault-13

ISHARES TR IGV

EXPANDED TECH · ETP · CUSIP 464287515 · ISIN US4642875151

659 institutional holders -29 vs Q2 2025
62,062,38962.1m shares reported held*
$7.0bnreported value*
62 new 179 added 244 reduced 89 sold out net sold ≈ $2.2bn (-19.2m 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $112.37. Options: 13 managers hold calls ($352.1m notional), 19 hold puts ($695.3m).

Trends to Q3 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: 688Q3 25: 659659Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025659

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 204 bought or addedQ4 23: 170 cut or sold outQ1 24: 201 bought or addedQ1 24: 241 cut or sold outQ1 24Q2 24: 202 bought or addedQ2 24: 200 cut or sold outQ3 24: 169 bought or addedQ3 24: 233 cut or sold outQ3 24Q4 24: 344 bought or addedQ4 24: 156 cut or sold outQ1 25: 335 bought or addedQ1 25: 242 cut or sold outQ1 25Q2 25: 348 bought or addedQ2 25: 268 cut or sold outQ3 25: 241 bought or addedQ3 25: 333 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023204170
Q1 2024201241
Q2 2024202200
Q3 2024169233
Q4 2024344156
Q1 2025335242
Q2 2025348268
Q3 2025241333

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ4 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 0.68Q3 25 calls: $352.1mQ3 25 puts: $695.3mQ3 25P/C 1.97
Numbers
QuarterCallsPutsP/C
Q4 2024$875.4m$341.6m0.39
Q1 2025$853.9m$220.8m0.26
Q2 2025$532.3m$361.5m0.68
Q3 2025$352.1m$695.3m1.97

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +2,076,173+2.1m
JPMORGAN CHASE & CO Added +2,046,836+2.0m
Phoenix Financial Ltd. Added +1,288,817+1.3m
CITIGROUP INC Added +1,114,082+1.1m
Corient Private Wealth LP Added +322,127+322.1k
Foundations Investment Advisors, LLC Added +276,094+276.1k
CAPITAL FUND MANAGEMENT S.A. New +187,218+187.2k
Private Capital Advisors, Inc. New +156,320+156.3k
Jump Financial, LLC New +152,095+152.1k
Sanctuary Advisors, LLC Added +139,354+139.4k

Biggest sellers

TWO SIGMA INVESTMENTS, LP Reduced -3,145,400-3.1m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,818,584-2.8m
BANK OF AMERICA CORP /DE/ Reduced -2,760,467-2.8m
Migdal Insurance & Financial Holdings Ltd. Reduced -2,719,572-2.7m
RAYMOND JAMES FINANCIAL INC Reduced -1,994,445-2.0m
TRUIST FINANCIAL CORP Reduced -1,622,592-1.6m
Janney Montgomery Scott LLC Reduced -1,608,764-1.6m
WestEnd Advisors, LLC Reduced -1,607,895-1.6m
ROYAL BANK OF CANADA Reduced -1,239,648-1.2m
Harel Insurance Investments & Financial Services Ltd. Reduced -920,312-920.3k

Biggest calls

Elliott Investment Management L.P. Not comparable $115.0m1.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $84.1m731.5k shares
JANE STREET GROUP, LLC Added $47.7m415.1k shares
Jain Global LLC New $46.0m400.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $25.3m219.8k shares
CITADEL ADVISORS LLC Reduced $23.7m205.8k shares
Schonfeld Strategic Advisors LLC New $5.2m45.0k shares
Parallax Volatility Advisers, L.P. Reduced $1.4m12.1k shares
UBS Group AG Reduced $1.2m10.0k shares
MARSHALL WACE, LLP Reduced $1.1m9.4k shares

Biggest puts

Elliott Investment Management L.P. Not comparable $230.0m2.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $121.1m1.1m shares
JANE STREET GROUP, LLC Added $115.3m1.0m shares
CITADEL ADVISORS LLC Added $101.0m878.5k shares
Twin Tree Management, LP New $49.1m427.1k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $27.3m237.5k shares
Hudson Bay Capital Management LP New $16.1m140.2k shares
Waratah Capital Advisors Ltd. New $11.5m100.0k shares
Caption Management, LLC New $9.8m85.0k shares
Sender Co & Partners, Inc. New $7.9m69.1k 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 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 5,466,3725.5m $628.7m $628.7m 0.02% Added +2.0m +2,046,836
2 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 5,127,5275.1m $589.7m $589.7m 0.04% Reduced -2.8m -2,760,467
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,644,6453.6m $419.2m $419.2m 0.03% Reduced -537.5k -537,542
4 Migdal Insurance & Financial Holdings Ltd. 3.37% of their portfolio Petach Tikva, L3 2,719,5722.7m $312.8m $312.8m 3.37% Reduced -2.7m -2,719,572
5 Phoenix Financial Ltd. 1.93% of their portfolio Givatayim, L3 2,641,3702.6m $303.8m $303.8m 1.93% Added +1.3m +1,288,817
6 BNP PARIBAS FINANCIAL MARKETS 0.22% of their portfolio PARIS, I0 2,508,0602.5m $288.5m $288.5m 0.22% Added +2.1m +2,076,173
7 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,217,4912.2m $255.0m $255.0m 0.04% Reduced -159.8k -159,812
8 MENORA MIVTACHIM HOLDINGS LTD. 1.18% of their portfolio Ramat Gan, L3 2,028,0512.0m $233.2m $233.2m 1.18% Added +7.0k +7,000
9 CITIGROUP INC 0.16% of their portfolio NEW YORK, NY 2,019,3552.0m $232.2m $232.2m 0.16% Added +1.1m +1,114,082
10 Clal Insurance Enterprises Holdings Ltd 1.65% of their portfolio Tel-aviv, L3 1,881,0001.9m $216.3m $216.3m 1.65% Unchanged
11 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,861,0291.9m $214.0m $214.0m 0.06% Reduced -375.3k -375,292
12 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,707,0631.7m $196.3m $196.3m 0.04% Reduced -662.2k -662,167
13 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 1,618,8131.6m $186.2m $186.2m 0.04% Reduced -143.6k -143,600
14 Wellspring Financial Advisors, LLC 2.97% of their portfolio CLEVELAND, OH 1,611,1481.6m $32.3m $32.3m 2.97% Added +79 +79
15 Main Management ETF Advisors, LLC 5.07% of their portfolio SAN FRANCISCO, CA 1,190,1541.2m $136.9m $136.9m 5.07% Reduced -479.0k -478,981
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.23% of their portfolio TORONTO, A6 1,100,0001.1m $126.5m $126.5m 0.23% Unchanged
17 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 832,494832.5k $95.7m $95.7m 0.02% Reduced -1.2m -1,239,648
18 Foundations Investment Advisors, LLC 1.34% of their portfolio PHOENIX, AZ 804,624804.6k $92.5m $92.5m 1.34% Added +276.1k +276,094
19 Fisher Asset Management, LLC 0.03% of their portfolio PLANO, TX 750,426750.4k $86.3m $86.3m 0.03% Reduced -44.0k -43,964
20 Harel Insurance Investments & Financial Services Ltd. 0.74% of their portfolio Ramat Gan, L3 716,675716.7k $82.4m $82.4m 0.74% Reduced -920.3k -920,312
21 Nan Shan Life Insurance Co., Ltd. 1.53% of their portfolio Taipei City, F5 627,527627.5k $72.2m $72.2m 1.53% Reduced -26.8k -26,825
22 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 606,003606.0k $69.7m $69.7m 0.02% Reduced -42.0k -41,955
23 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 536,752536.8k $61.7m $61.7m 0.02% Reduced -72.5k -72,455
24 Corient Private Wealth LP 0.08% of their portfolio MIAMI, FL 439,967440.0k $50.6m $50.6m 0.08% Added +322.1k +322,127
25 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 439,855439.9k $50.6m $50.6m 0.06% Reduced -30.8k -30,765
26 SP Asset Management LLC 3.85% of their portfolio CUPERTINO, CA 421,266421.3k $48.4m $48.4m 3.85% Reduced -5.0k -5,011
27 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 412,770412.8k $47.5m $47.5m 0.07% Reduced -29.6k -29,608
28 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 408,282408.3k $47.0m $47.0m 0.02% Reduced -2.0m -1,994,445
29 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 401,994402.0k $46.2m $46.2m 0.04% Reduced -112.5k -112,490
30 Twin Tree Management, LP 1.99% of their portfolio DALLAS, TX 371,495371.5k $42.7m $42.7m 1.99% Reduced -538.2k -538,167
31 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 366,631366.6k $42.2m $42.2m 0.11% Added +13.6k +13,561
32 Waverly Advisors, LLC 0.41% of their portfolio BIRMINGHAM, AL 358,793358.8k $41.3m $41.3m 0.41% Added +92.1k +92,072
33 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 344,464344.5k $38.3m $38.3m 0.05% Reduced -20.1k -20,053
34 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 332,513332.5k $38.2m $38.2m 0.01% Reduced -2.8m -2,818,584
35 Sanctuary Advisors, LLC 0.10% of their portfolio INDIANAPOLIS, IN 327,895327.9k $33.4m $33.4m 0.10% Added +139.4k +139,354
36 Main Management LLC 2.70% of their portfolio SAN FRANCISCO, CA 320,105320.1k $36.8m $36.8m 2.70% Reduced -118.1k -118,128
37 Federation des caisses Desjardins du Quebec 0.14% of their portfolio LEVIS, A8 303,010303.0k $34.8m $34.8m 0.14% Added +19.6k +19,555
38 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 299,016299.0k $34.4m $34.4m 0.04% Reduced -56.6k -56,558
39 BARINGS LLC 0.59% of their portfolio CHARLOTTE, NC 271,138271.1k $31.2m $31.2m 0.59% Unchanged
40 Janney Montgomery Scott LLC 0.07% of their portfolio PHILADELPHIA, PA 253,009253.0k $29.1m $29.1m 0.07% Reduced -1.6m -1,608,764
41 Equitable Holdings, Inc. 0.21% of their portfolio NEW YORK, NY 249,503249.5k $28.7m $28.7m 0.21% Added +8.5k +8,483
42 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 247,803247.8k $28.5m $28.5m 0.08% Reduced -35.0k -35,015
43 SPC Financial, Inc. 2.20% of their portfolio ROCKVILLE, MD 244,572244.6k $28.1m $28.1m 2.20% Added +2.8k +2,794
44 CAPITAL FUND MANAGEMENT S.A. 0.21% of their portfolio PARIS, I0 187,218187.2k $21.5m $21.5m 0.21% New
45 Anfield Capital Management, LLC 6.17% of their portfolio IRVINE, CA 182,292182.3k $21.0m $21.0m 6.17% Added +43.5k +43,526
46 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 175,834175.8k $20.2m $20.2m 0.01% Reduced -65.3k -65,285
47 Crestwood Advisors Group, LLC 0.33% of their portfolio BOSTON, MA 169,479169.5k $19.5m $19.5m 0.33% Reduced -18.3k -18,296
48 CWM, LLC 0.06% of their portfolio OMAHA, NE 163,956164.0k $18.9m $18.9m 0.06% Added +2.3k +2,321
49 Private Capital Advisors, Inc. 2.00% of their portfolio DARIEN, CT 156,320156.3k $18.0m $18.0m 2.00% New
50 Mariner, LLC 0.02% of their portfolio Overland Park, KS 153,689153.7k $17.7m $17.7m 0.02% Reduced -237 -237
51 Jump Financial, LLC 0.22% of their portfolio Chicago, IL 152,095152.1k $17.5m $17.5m 0.22% New
52 NOESIS CAPITAL MANGEMENT CORP 2.71% of their portfolio BOCA RATON, FL 152,003152.0k $17.5m $17.5m 2.71% Added +1.8k +1,758
53 Black Swift Group, LLC 3.01% of their portfolio BOULDER, CO 148,640148.6k $17.1m $17.1m 3.01% Reduced -11.2k -11,160
54 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 133,287133.3k $15.3m $15.3m 0.00% Reduced -70.6k -70,583
55 Fiduciary Trust Co 0.17% of their portfolio Boston, MA 130,761130.8k $15.0m $15.0m 0.17% Reduced -2.3k -2,305
56 LOWE BROCKENBROUGH & CO INC 0.77% of their portfolio RICHMOND, VA 130,398130.4k $15.0m $15.0m 0.77% Added +961 +961
57 MinichMacGregor Wealth Management, LLC 2.75% of their portfolio Saratoga Springs, NY 122,561122.6k $14.1m $14.1m 2.75% Added +4.8k +4,776
58 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 121,911121.9k $14.0m $14.0m 0.02% Reduced -1.6m -1,622,592
59 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 121,218121.2k $13.9m $13.9m 0.02% Reduced -104.5k -104,477
60 Advisory Services Network, LLC 0.20% of their portfolio ATLANTA, GA 121,083121.1k $13.9m $13.9m 0.20% Added +3.8k +3,782
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 118,675118.7k $13.6m $13.6m 0.01% Reduced -8.4k -8,366
62 Baker Avenue Asset Management, LP 0.31% of their portfolio SAN FRANCISCO, CA 112,377112.4k $12.9m $12.9m 0.31% Added +4.9k +4,948
63 Legacy Edge Advisors, LLC 1.49% of their portfolio SYOSSET, NY 109,755109.8k $12.6m $12.6m 1.49% Added +9.2k +9,178
64 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 109,661109.7k $12.5m $12.5m 0.02% Added +40.8k +40,781
65 Chicago Wealth Management, Inc. 5.35% of their portfolio CHICAGO, IL 106,741106.7k $12.3m $12.3m 5.35% Added +425 +425
66 Gemmer Asset Management LLC 0.98% of their portfolio WALNUT CREEK, CA 106,024106.0k $12.2m $12.2m 0.98% Reduced -10.6k -10,635
67 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 103,146103.1k $11.9m $11.9m 0.05% Reduced -4.8k -4,762
68 Prospera Financial Services Inc 0.20% of their portfolio Dallas, TX 102,236102.2k $11.8m $11.8m 0.20% Added +1.7k +1,686
69 BANK HAPOALIM BM 1.40% of their portfolio TEL AVIV, L3 98,98099.0k $11.4m $11.4m 1.40% Reduced -1.7k -1,662
70 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 96,48496.5k $11.1m $11.1m 0.05% Added +7.3k +7,267
71 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 94,79094.8k $10.9m $10.9m 0.01% Added +64.6k +64,642
72 HRT FINANCIAL LP 0.05% of their portfolio NEW YORK, NY 93,38993.4k $10.7m $10.7m 0.05% Added +85.3k +85,307
73 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 91,75991.8k $10.6m $10.6m 0.02% Added +1.5k +1,534
74 Seven Springs Wealth Group, LLC 2.50% of their portfolio BRENTWOOD, TN 89,83689.8k $10.3m $10.3m 2.50% Added +9.4k +9,411
75 Altus Wealth Management, LLC 4.54% of their portfolio FT MITCHELL, KY 89,22089.2k $10.3m $10.3m 4.54% Added +780 +780
76 D.A. DAVIDSON & CO. 0.06% of their portfolio GREAT FALLS, MT 87,53687.5k $10.1m $10.1m 0.06% Reduced -924 -924
77 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 85,47585.5k $9.8m $9.8m 0.01% Reduced -35.0k -34,955
78 AVALON CAPITAL MANAGEMENT 2.41% of their portfolio Port Of Redwood City, CA 85,45085.5k $9.8m $9.8m 2.41% Reduced -8.2k -8,198
79 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 85,04385.0k $9.8m $9.8m 0.03% Reduced -274.5k -274,507
80 Principle Wealth Partners LLC 0.55% of their portfolio MADISON, CT 82,21982.2k $9.5m $9.5m 0.55% Reduced -1.6k -1,611
81 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 81,75481.8k $9.4m $9.4m 0.01% Reduced -4.9k -4,905
82 Silverleafe Capital Partners, LLC 2.87% of their portfolio GERMANTOWN, TN 80,70980.7k $9.3m $9.3m 2.87% Added +4.2k +4,207
83 Riggs Asset Managment Co. Inc. 1.96% of their portfolio DALLAS, PA 78,58978.6k $9.0m $9.0m 1.96% Reduced -6.6k -6,634
84 Dash Acquisitions Inc. 1.79% of their portfolio WOODLAND HILLS, CA 78,34678.3k $9.0m $9.0m 1.79% New
85 U.S. Capital Wealth Advisors, LLC 0.23% of their portfolio AUSTIN, TX 74,85674.9k $8.6m $8.6m 0.23% Reduced -433 -433
86 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 69,16769.2k $8.0m $8.0m 0.01% Reduced -9.2k -9,208
87 KWMG, LLC 0.69% of their portfolio OVERLAND PARK, KS 68,61568.6k $7.9m $7.9m 0.69% Added +656 +656
88 Atom Investors LP 0.58% of their portfolio AUSTIN, TX 66,73566.7k $7.7m $7.7m 0.58% Added +44.0k +44,009
89 IronBridge Private Wealth, LLC 2.38% of their portfolio Austin, TX 65,47365.5k $7.5m $7.5m 2.38% Reduced -36.5k -36,493
90 PRUDENTIAL PLC 0.06% of their portfolio LONDON, X0 65,33365.3k $7.5m $7.5m 0.06% Reduced -165.3k -165,300
91 Avestar Capital, LLC 0.52% of their portfolio New York, NY 63,63063.6k $7.3m $7.3m 0.52% Reduced -7.1k -7,125
92 Chicago Partners Investment Group LLC 0.19% of their portfolio CHICAGO, IL 61,77361.8k $7.2m $7.2m 0.19% Reduced -794 -794
93 Atria Investments, Inc 0.08% of their portfolio Charlotte, NC 61,59061.6k $7.1m $7.1m 0.08% Reduced -22.8k -22,771
94 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 61,24661.2k $7.0m $7.0m 0.01% Reduced -79.0k -79,038
95 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 60,66760.7k $7.0m $7.0m 0.03% Added +8.0k +8,009
96 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 59,92159.9k $6.9m $6.9m 0.00% Added +9.0k +9,047
97 SFI Advisors, LLC 4.33% of their portfolio Montclair, NJ 59,15859.2k $6.8m $6.8m 4.33% Reduced -1.2k -1,158
98 JMAC ENTERPRISES LLC 1.33% of their portfolio NEWTOWN, PA 58,29858.3k $6.7m $6.7m 1.33% Added +813 +813
99 Well Done, LLC 1.14% of their portfolio HOLLAND, MI 58,10558.1k $6.7m $6.7m 1.14% Added +3.1k +3,130
100 Sage Advisory Services, Ltd.Co. 3.48% of their portfolio AUSTIN, TX 57,67057.7k $6.6m $6.6m 3.48% Added +839 +839