Vault-13

ISHARES TR IGV

EXPANDED TECH · ETP · CUSIP 464287515 · ISIN US4642875151

649 institutional holders -10 vs Q3 2025
50,992,36451.0m shares reported held*
$5.2bnreported value*
51 new 169 added 235 reduced 99 sold out net sold ≈ $1.3bn (-12.7m 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $102.77. Options: 11 managers hold calls ($233.4m notional), 16 hold puts ($304.6m).

Trends to Q4 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: 659Q4 25: 649649Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025649

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 241 bought or addedQ3 25: 333 cut or sold outQ4 25: 220 bought or addedQ4 25: 334 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024201241
Q2 2024202200
Q3 2024169233
Q4 2024344156
Q1 2025335242
Q2 2025348268
Q3 2025241333
Q4 2025220334

Calls vs puts

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

CallsPuts
$0$250m$500m$750m$1bnQ1 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 1.97Q4 25 calls: $233.4mQ4 25 puts: $304.6mQ4 25P/C 1.30
Numbers
QuarterCallsPutsP/C
Q1 2025$853.9m$220.8m0.26
Q2 2025$532.3m$361.5m0.68
Q3 2025$352.1m$695.3m1.97
Q4 2025$233.4m$304.6m1.30

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +2,625,166+2.6m
Corient Private Wealth LP Added +466,278+466.3k
D. E. Shaw & Co., Inc. New +448,277+448.3k
Bridgewater Associates, LP New +281,938+281.9k
TWO SIGMA INVESTMENTS, LP Added +178,300+178.3k
Royal Fund Management, LLC New +118,193+118.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +84,835+84.8k
TRUIST FINANCIAL CORP Added +84,067+84.1k
Graham Capital Management, L.P. New +82,500+82.5k
AlphaCore Capital LLC Added +72,561+72.6k

Biggest sellers

JPMORGAN CHASE & CO Reduced -5,200,454-5.2m
Phoenix Financial Ltd. Reduced -1,320,370-1.3m
Main Management ETF Advisors, LLC Reduced -964,578-964.6k
Foundations Investment Advisors, LLC Reduced -793,892-793.9k
CITIGROUP INC Reduced -703,838-703.8k
GOLDMAN SACHS GROUP INC Reduced -683,943-683.9k
Harel Insurance Investments & Financial Services Ltd. Reduced -661,980-662.0k
Nan Shan Life Insurance Co., Ltd. Sold out -627,527-627.5k
Qube Research & Technologies Ltd Reduced -401,554-401.6k
UBS Group AG Reduced -393,273-393.3k

Biggest calls

Elliott Investment Management L.P. Unchanged $105.7m1.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $32.2m305.0k shares
Owl Creek Asset Management, L.P. New $30.7m290.0k shares
CITADEL ADVISORS LLC Added $28.3m267.5k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $17.5m165.7k shares
JANE STREET GROUP, LLC Reduced $16.1m152.1k shares
UBS Group AG Unchanged $1.1m10.0k shares
PEAK6 LLC New $824.4k7.8k shares
BNP PARIBAS FINANCIAL MARKETS New $634.1k60 shares
MILLENNIUM MANAGEMENT LLC Unchanged $401.6k3.8k shares

Biggest puts

JANE STREET GROUP, LLC Reduced $56.9m538.3k shares
MILLENNIUM MANAGEMENT LLC New $52.8m500.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $50.1m474.3k shares
CITADEL ADVISORS LLC Reduced $42.2m399.6k shares
Elliott Investment Management L.P. Reduced $31.7m300.0k shares
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC New $29.1m275.0k shares
Twin Tree Management, LP Reduced $18.6m175.9k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $13.1m123.5k shares
PEAK6 LLC Added $6.4m60.6k shares
Squarepoint Ops LLC New $1.2m11.1k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 5,153,4235.2m $544.7m $544.7m 0.04% Added +25.9k +25,896
2 BNP PARIBAS FINANCIAL MARKETS 0.34% of their portfolio PARIS, I0 5,133,2265.1m $542.5m $542.5m 0.34% Added +2.6m +2,625,166
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,443,0883.4m $363.9m $363.9m 0.02% Reduced -201.6k -201,557
4 Migdal Insurance & Financial Holdings Ltd. 2.47% of their portfolio Petach Tikva, L3 2,719,5722.7m $287.4m $287.4m 2.47% Unchanged
5 Clal Insurance Enterprises Holdings Ltd 1.18% of their portfolio Tel-aviv, L3 1,734,0001.7m $183.3m $183.3m 1.18% Reduced -147.0k -147,000
6 MENORA MIVTACHIM HOLDINGS LTD. 0.85% of their portfolio Ramat Gan, L3 1,706,6011.7m $180.4m $180.4m 0.85% Reduced -321.4k -321,450
7 Wellspring Financial Advisors, LLC 2.40% of their portfolio CLEVELAND, OH 1,615,5121.6m $30.3m $30.3m 2.40% Added +4.4k +4,364
8 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,533,5481.5m $162.1m $162.1m 0.02% Reduced -683.9k -683,943
9 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,515,5981.5m $160.2m $160.2m 0.04% Reduced -345.4k -345,431
10 Laura & John Arnold Foundation 27.53% of their portfolio HOUSTON, TX 1,479,8751.5m $156.4m $156.4m 27.53% First filing
11 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,353,5241.4m $143.1m $143.1m 0.03% Reduced -265.3k -265,289
12 Phoenix Financial Ltd. 1.51% of their portfolio Givatayim, L3 1,321,0001.3m $139.6m $139.6m 1.51% Reduced -1.3m -1,320,370
13 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 1,315,5171.3m $139.0m $139.0m 0.09% Reduced -703.8k -703,838
14 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,313,7901.3m $138.9m $138.9m 0.03% Reduced -393.3k -393,273
15 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 906,245906.2k $95.8m $95.8m 0.06% Added +466.3k +466,278
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.13% of their portfolio TORONTO, A6 750,000750.0k $79.3m $79.3m 0.13% Reduced -350.0k -350,000
17 Fisher Asset Management, LLC 0.02% of their portfolio PLANO, TX 686,000686.0k $72.5m $72.5m 0.02% Reduced -64.4k -64,426
18 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 567,995568.0k $60.0m $60.0m 0.01% Reduced -38.0k -38,008
19 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 534,225534.2k $56.5m $56.5m 0.01% Reduced -298.3k -298,269
20 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 468,412468.4k $49.5m $49.5m 0.01% Reduced -68.3k -68,340
21 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 451,156451.2k $47.7m $47.7m 0.05% Added +11.3k +11,301
22 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 448,277448.3k $47.4m $47.4m 0.04% New
23 SP Asset Management LLC 3.49% of their portfolio CUPERTINO, CA 417,413417.4k $44.1m $44.1m 3.49% Reduced -3.9k -3,853
24 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 410,861410.9k $43.4m $43.4m 0.11% Added +44.2k +44,230
25 Waverly Advisors, LLC 0.35% of their portfolio BIRMINGHAM, AL 403,624403.6k $42.7m $42.7m 0.35% Added +44.8k +44,831
26 Federation des caisses Desjardins du Quebec 0.13% of their portfolio LEVIS, A8 316,996317.0k $33.5m $33.5m 0.13% Added +14.0k +13,986
27 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 311,852311.9k $33.0m $33.0m 0.03% Reduced -90.1k -90,142
28 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 301,471301.5k $31.9m $31.9m 0.05% Reduced -43.0k -42,993
29 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 300,656300.7k $31.8m $31.8m 0.01% Reduced -107.6k -107,626
30 Equitable Holdings, Inc. 0.21% of their portfolio NEW YORK, NY 290,897290.9k $30.7m $30.7m 0.21% Added +41.4k +41,394
31 Bridgewater Associates, LP 0.11% of their portfolio Westport, CT 281,938281.9k $29.8m $29.8m 0.11% New
32 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 268,639268.6k $28.4m $28.4m 0.03% Reduced -30.4k -30,377
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 265,918265.9k $28.1m $28.1m 0.00% Reduced -5.2m -5,200,454
34 Main Management ETF Advisors, LLC 0.85% of their portfolio SAN FRANCISCO, CA 225,576225.6k $23.8m $23.8m 0.85% Reduced -964.6k -964,578
35 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 215,893215.9k $22.8m $22.8m 0.01% Reduced -116.6k -116,620
36 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 205,978206.0k $21.8m $21.8m 0.03% Added +84.1k +84,067
37 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 201,439201.4k $21.3m $21.3m 0.05% Reduced -51.6k -51,570
38 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 187,200187.2k $19.8m $19.8m 0.03% Added +178.3k +178,300
39 Twin Tree Management, LP 1.96% of their portfolio DALLAS, TX 181,353181.4k $19.2m $19.2m 1.96% Reduced -190.1k -190,142
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 170,310170.3k $18.0m $18.0m 0.02% Added +84.8k +84,835
41 Crestwood Advisors Group, LLC 0.30% of their portfolio BOSTON, MA 168,034168.0k $17.8m $17.8m 0.30% Reduced -1.4k -1,445
42 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 159,050159.1k $16.8m $16.8m 0.04% Reduced -88.8k -88,753
43 Mariner, LLC 0.02% of their portfolio Overland Park, KS 154,193154.2k $16.3m $16.3m 0.02% Added +504 +504
44 NOESIS CAPITAL MANGEMENT CORP 2.36% of their portfolio BOCA RATON, FL 154,074154.1k $16.3m $16.3m 2.36% Added +2.1k +2,071
45 Black Swift Group, LLC 2.69% of their portfolio BOULDER, CO 151,040151.0k $16.1m $16.1m 2.69% Added +2.4k +2,400
46 CAPITAL FUND MANAGEMENT S.A. 0.14% of their portfolio PARIS, I0 143,695143.7k $15.2m $15.2m 0.14% Reduced -43.5k -43,523
47 Sanctuary Advisors, LLC 0.08% of their portfolio INDIANAPOLIS, IN 140,518140.5k $14.9m $14.9m 0.08% Reduced -187.4k -187,377
48 LOWE BROCKENBROUGH & CO INC 0.69% of their portfolio RICHMOND, VA 132,083132.1k $14.0m $14.0m 0.69% Added +1.7k +1,685
49 Decker Wealth Management LLC 3.06% of their portfolio NASHVILLE, TN 131,743131.7k $13.9m $13.9m 3.06% First filing
50 Fiduciary Trust Co 0.16% of their portfolio Boston, MA 129,109129.1k $13.6m $13.6m 0.16% Reduced -1.7k -1,652
51 Baker Avenue Asset Management, LP 0.31% of their portfolio SAN FRANCISCO, CA 127,189127.2k $13.4m $13.4m 0.31% Added +14.8k +14,812
52 MinichMacGregor Wealth Management, LLC 2.40% of their portfolio Saratoga Springs, NY 125,234125.2k $13.2m $13.2m 2.40% Added +2.7k +2,673
53 Royal Fund Management, LLC 1.15% of their portfolio Lady Lake, FL 118,193118.2k $12.5m $12.5m 1.15% New
54 CWM, LLC 0.03% of their portfolio OMAHA, NE 116,463116.5k $12.3m $12.3m 0.03% Reduced -47.5k -47,493
55 Prospera Financial Services Inc 0.20% of their portfolio Dallas, TX 112,997113.0k $11.9m $11.9m 0.20% Added +10.8k +10,761
56 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 112,740112.7k $11.9m $11.9m 0.02% Added +51.5k +51,494
57 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 110,980111.0k $11.7m $11.7m 0.02% Reduced -10.2k -10,238
58 BARINGS LLC 0.21% of their portfolio CHARLOTTE, NC 108,479108.5k $11.5m $11.5m 0.21% Reduced -162.7k -162,659
59 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 102,203102.2k $11.8m $11.8m 0.05% Reduced -943 -943
60 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 101,528101.5k $10.7m $10.7m 0.02% Added +70.4k +70,385
61 Gemmer Asset Management LLC 0.80% of their portfolio WALNUT CREEK, CA 97,84097.8k $10.3m $10.3m 0.80% Reduced -8.2k -8,184
62 Principle Wealth Partners LLC 0.57% of their portfolio MADISON, CT 95,06395.1k $10.0m $10.0m 0.57% Added +12.8k +12,844
63 Seven Springs Wealth Group, LLC 2.81% of their portfolio BRENTWOOD, TN 93,07593.1k $9.8m $9.8m 2.81% Added +3.2k +3,239
64 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 92,05292.1k $9.7m $9.7m 0.02% Added +293 +293
65 Legacy Edge Advisors, LLC 1.06% of their portfolio SYOSSET, NY 91,19091.2k $9.6m $9.6m 1.06% Reduced -18.6k -18,565
66 BANK HAPOALIM BM 0.83% of their portfolio TEL AVIV, L3 90,77690.8k $9.6m $9.6m 0.83% Reduced -8.2k -8,204
67 Altus Wealth Management, LLC 4.09% of their portfolio FT MITCHELL, KY 89,75389.8k $9.5m $9.5m 4.09% Added +533 +533
68 D.A. DAVIDSON & CO. 0.06% of their portfolio GREAT FALLS, MT 87,90387.9k $9.3m $9.3m 0.06% Added +367 +367
69 Main Management LLC 0.67% of their portfolio SAN FRANCISCO, CA 87,60087.6k $9.3m $9.3m 0.67% Reduced -232.5k -232,505
70 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 82,63882.6k $8.7m $8.7m 0.01% Added +884 +884
71 Graham Capital Management, L.P. 0.30% of their portfolio ROWAYTON, CT 82,50082.5k $8.7m $8.7m 0.30% New
72 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 80,90580.9k $8.6m $8.6m 0.01% Reduced -37.8k -37,770
73 Silverleafe Capital Partners, LLC 2.44% of their portfolio GERMANTOWN, TN 77,59377.6k $8.2m $8.2m 2.44% Reduced -3.1k -3,116
74 U.S. Capital Wealth Advisors, LLC 0.21% of their portfolio AUSTIN, TX 77,29177.3k $8.2m $8.2m 0.21% Added +2.4k +2,435
75 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 75,70275.7k $8.0m $8.0m 0.00% Reduced -100.1k -100,132
76 AlphaCore Capital LLC 0.17% of their portfolio LA JOLLA, CA 72,78672.8k $7.7m $7.7m 0.17% Added +72.6k +72,561
77 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 72,15572.2k $7.6m $7.6m 0.01% Reduced -37.5k -37,506
78 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 69,16269.2k $7.3m $7.3m 0.01% Reduced -5 -5
79 KWMG, LLC 0.63% of their portfolio OVERLAND PARK, KS 69,00869.0k $7.3m $7.3m 0.63% Added +393 +393
80 Riggs Asset Managment Co. Inc. 1.44% of their portfolio DALLAS, PA 67,40567.4k $7.1m $7.1m 1.44% Reduced -11.2k -11,184
81 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 66,76966.8k $7.1m $7.1m 0.00% Added +6.8k +6,848
82 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 66,67866.7k $7.0m $7.0m 0.03% Reduced -29.8k -29,806
83 Well Done, LLC 1.05% of their portfolio HOLLAND, MI 66,59066.6k $7.0m $7.0m 1.05% Added +8.5k +8,485
84 IronBridge Private Wealth, LLC 2.19% of their portfolio Austin, TX 65,47365.5k $6.9m $6.9m 2.19% Unchanged
85 Chicago Partners Investment Group LLC 0.15% of their portfolio CHICAGO, IL 61,52961.5k $6.0m $6.0m 0.15% Reduced -244 -244
86 Atria Investments, Inc 0.07% of their portfolio Charlotte, NC 59,99760.0k $6.3m $6.3m 0.07% Reduced -1.6k -1,593
87 JMAC ENTERPRISES LLC 1.21% of their portfolio NEWTOWN, PA 59,71359.7k $6.3m $6.3m 1.21% Added +1.4k +1,415
88 Silver Coast Investments LLC 2.13% of their portfolio SAN DIEGO, X1 58,36058.4k $6.2m $6.2m 2.13% Added +3.4k +3,402
89 SFI Advisors, LLC 3.92% of their portfolio Montclair, NJ 57,92457.9k $6.1m $6.1m 3.92% Reduced -1.2k -1,234
90 Harel Insurance Investments & Financial Services Ltd. 0.05% of their portfolio Ramat Gan, L3 54,69554.7k $5.8m $5.8m 0.05% Reduced -662.0k -661,980
91 Sigma Planning Corp 0.15% of their portfolio ANN ARBOR, MI 52,35552.4k $5.5m $5.5m 0.15% Added +2.4k +2,442
92 IEQ CAPITAL, LLC 0.02% of their portfolio Foster City, CA 51,85151.9k $5.5m $5.5m 0.02% Added +2.2k +2,164
93 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 51,85151.9k $5.5m $5.5m 0.02% Added +3.8k +3,823
94 Tepp RIA, LLC 5.42% of their portfolio WESTFIELD, NJ 51,84351.8k $5.5m $5.5m 5.42% Added +2.9k +2,863
95 Cadent Capital Advisors, LLC 1.43% of their portfolio TULSA, OK 51,15951.2k $5.4m $5.4m 1.43% Added +1.3k +1,316
96 Bawa N Mallick Trust 2.00% of their portfolio FOREST HILLS, NY 51,00151.0k $5.4m $5.4m 2.00% Unchanged
97 SFMG, LLC 0.35% of their portfolio PLANO, TX 49,32349.3k $5.2m $5.2m 0.35% Reduced -3.8k -3,795
98 DELTEC ASSET MANAGEMENT LLC 0.86% of their portfolio New York, NY 49,10049.1k $5.2m $5.2m 0.86% Reduced -5.6k -5,600
99 COTTONWOOD CAPITAL ADVISORS, LLC 3.62% of their portfolio SALT LAKE CITY, UT 48,09048.1k $5.1m $5.1m 3.62% Added +853 +853
100 HOLDERNESS INVESTMENTS CO 1.02% of their portfolio GREENSBORO, NC 47,35747.4k $5.0m $5.0m 1.02% Reduced -1.6k -1,572