Vault-13

ISHARES TR IGV

EXPANDED TECH · ETP · CUSIP 464287515 · ISIN US4642875151

765 institutional holders +116 vs Q4 2025
119,561,062119.6m shares reported held*
$9.5bnreported value*
258 new 240 added 163 reduced 140 sold out net bought ≈ $5.5bn (+68.7m 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 ($9.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $79.38. Options: 53 managers hold calls ($2.9bn notional), 36 hold puts ($2.1bn).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

05001kQ3 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: 649Q1 26: 765765Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026765

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 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 25Q4 25: 220 bought or addedQ4 25: 334 cut or sold outQ1 26: 498 bought or addedQ1 26: 303 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024202200
Q3 2024169233
Q4 2024344156
Q1 2025335242
Q2 2025348268
Q3 2025241333
Q4 2025220334
Q1 2026498303

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ2 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 1.30Q1 26 calls: $2.9bnQ1 26 puts: $2.1bnQ1 26P/C 0.74
Numbers
QuarterCallsPutsP/C
Q2 2025$532.3m$361.5m0.68
Q3 2025$352.1m$695.3m1.97
Q4 2025$233.4m$304.6m1.30
Q1 2026$2.9bn$2.1bn0.74

Biggest buyers

Varma Mutual Pension Insurance Co New +20,358,901+20.4m
GOLDMAN SACHS GROUP INC Added +12,314,890+12.3m
CITIGROUP INC Added +9,079,772+9.1m
MORGAN STANLEY Added +7,244,399+7.2m
UBS Group AG Added +6,337,039+6.3m
BNP PARIBAS FINANCIAL MARKETS Added +2,022,598+2.0m
JPMORGAN CHASE & CO Added +1,351,769+1.4m
Caisse de depot et placement du Quebec New +1,312,218+1.3m
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC New +1,134,300+1.1m
LPL Financial LLC Added +854,362+854.4k

Biggest sellers

Migdal Insurance & Financial Holdings Ltd. Reduced -2,276,536-2.3m
BANK OF AMERICA CORP /DE/ Reduced -1,633,019-1.6m
Clal Insurance Enterprises Holdings Ltd Reduced -805,000-805.0k
Corient Private Wealth LP Reduced -562,844-562.8k
FRANKLIN RESOURCES INC Reduced -463,921-463.9k
D. E. Shaw & Co., Inc. Sold out -448,277-448.3k
Bridgewater Associates, LP Sold out -281,938-281.9k
Waverly Advisors, LLC Reduced -180,055-180.1k
Twin Tree Management, LP Reduced -170,075-170.1k
Black Swift Group, LLC Sold out -151,040-151.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $772.0m9.6m shares
JANE STREET GROUP, LLC Added $484.3m6.0m shares
CITADEL ADVISORS LLC Added $341.0m4.3m shares
BlackRock, Inc. New $164.8m2.1m shares
MARSHALL WACE, LLP Added $128.7m1.6m shares
Squarepoint Ops LLC New $127.9m1.6m shares
Caption Management, LLC New $123.1m1.5m shares
TUDOR INVESTMENT CORP ET AL New $107.5m1.3m shares
TORONTO DOMINION BANK New $63.5m500.0k shares
UBS Group AG Added $60.6m757.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $678.3m8.5m shares
JANE STREET GROUP, LLC Added $373.3m4.7m shares
CITADEL ADVISORS LLC Added $335.3m4.2m shares
GOLDMAN SACHS GROUP INC New $213.3m2.7m shares
MILLENNIUM MANAGEMENT LLC Added $68.4m854.5k shares
LMR Partners LLP New $62.0m774.9k shares
CITIGROUP INC New $51.5m643.5k shares
BARCLAYS PLC New $38.0m475.0k shares
BNP PARIBAS FINANCIAL MARKETS Added $36.8m4.6k shares
PEAK6 LLC Added $33.3m415.8k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Varma Mutual Pension Insurance Co 9.56% of their portfolio Varma, H9 20,358,90120.4m $1.6bn $1.6bn 9.56% New
2 GOLDMAN SACHS GROUP INC 0.15% of their portfolio NEW YORK, NY 13,848,43813.8m $1.1bn $1.1bn 0.15% Added +12.3m +12,314,890
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 10,687,48710.7m $855.5m $855.5m 0.05% Added +7.2m +7,244,399
4 CITIGROUP INC 0.53% of their portfolio NEW YORK, NY 10,395,28910.4m $832.1m $832.1m 0.53% Added +9.1m +9,079,772
5 UBS Group AG 0.11% of their portfolio ZURICH, V8 7,650,8297.7m $612.4m $612.4m 0.11% Added +6.3m +6,337,039
6 BNP PARIBAS FINANCIAL MARKETS 0.38% of their portfolio PARIS, I0 7,155,8247.2m $572.8m $572.8m 0.38% Added +2.0m +2,022,598
7 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,520,4043.5m $281.8m $281.8m 0.02% Reduced -1.6m -1,633,019
8 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 2,369,9602.4m $189.7m $189.7m 0.05% Added +854.4k +854,362
9 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 2,198,1272.2m $176.0m $176.0m 0.04% Added +844.6k +844,603
10 MENORA MIVTACHIM HOLDINGS LTD. 0.83% of their portfolio Ramat Gan, L3 2,193,6012.2m $175.6m $175.6m 0.83% Added +487.0k +487,000
11 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,617,6871.6m $125.6m $125.6m 0.01% Added +1.4m +1,351,769
12 Wellspring Financial Advisors, LLC 1.18% of their portfolio CLEVELAND, OH 1,520,6781.5m $15.7m $15.7m 1.18% Reduced -94.8k -94,834
13 Laura & John Arnold Foundation 27.58% of their portfolio HOUSTON, TX 1,479,8751.5m $118.5m $118.5m 27.58% Unchanged
14 Caisse de depot et placement du Quebec 0.17% of their portfolio Montreal, A8 1,312,2181.3m $105.0m $105.0m 0.17% New
15 Phoenix Financial Ltd. 0.98% of their portfolio Givatayim, L3 1,295,2941.3m $103.7m $103.7m 0.98% Reduced -25.7k -25,706
16 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 1.38% of their portfolio MILWAUKEE, WI 1,134,3001.1m $90.8m $90.8m 1.38% New
17 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,053,1411.1m $84.3m $84.3m 0.02% Added +518.9k +518,916
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.10% of their portfolio BALA CYNWYD, PA 948,606948.6k $75.9m $75.9m 0.10% Added +778.3k +778,296
19 Clal Insurance Enterprises Holdings Ltd 0.45% of their portfolio Tel-aviv, L3 929,000929.0k $74.4m $74.4m 0.45% Reduced -805.0k -805,000
20 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.11% of their portfolio TORONTO, A6 800,000800.0k $64.0m $64.0m 0.11% Added +50.0k +50,000
21 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 700,159700.2k $56.0m $56.0m 0.01% Added +132.2k +132,164
22 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 668,393668.4k $53.5m $53.5m 0.01% Added +452.5k +452,500
23 Fisher Asset Management, LLC 0.02% of their portfolio PLANO, TX 626,482626.5k $50.1m $50.1m 0.02% Reduced -59.5k -59,518
24 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 577,550577.5k $46.2m $46.2m 0.01% Added +276.9k +276,894
25 Equitable Holdings, Inc. 0.37% of their portfolio NEW YORK, NY 550,965551.0k $57.8m $57.8m 0.37% Added +260.1k +260,068
26 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 548,424548.4k $43.9m $43.9m 0.05% Added +97.3k +97,268
27 BANK OF NOVA SCOTIA 0.08% of their portfolio TORONTO, A6 548,204548.2k $43.9m $43.9m 0.08% New
28 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 492,239492.2k $39.4m $39.4m 0.01% Added +416.5k +416,537
29 Migdal Insurance & Financial Holdings Ltd. 0.31% of their portfolio Petach Tikva, L3 443,036443.0k $35.5m $35.5m 0.31% Reduced -2.3m -2,276,536
30 SP Asset Management LLC 3.09% of their portfolio CUPERTINO, CA 437,356437.4k $35.0m $35.0m 3.09% Added +19.9k +19,943
31 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 432,610432.6k $34.6m $34.6m 0.04% New
32 Federation des caisses Desjardins du Quebec 0.11% of their portfolio LEVIS, A8 365,200365.2k $29.2m $29.2m 0.11% Added +48.2k +48,204
33 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 359,597359.6k $28.8m $28.8m 0.04% Added +248.6k +248,617
34 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 353,881353.9k $28.3m $28.3m 0.08% Reduced -57.0k -56,980
35 Cartenna Capital, LP 1.22% of their portfolio STAMFORD, CT 350,000350.0k $28.0m $28.0m 1.22% New
36 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 343,401343.4k $27.5m $27.5m 0.04% Reduced -562.8k -562,844
37 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 311,848311.8k $25.0m $25.0m 0.03% Added +43.2k +43,209
38 Nan Shan Life Insurance Co., Ltd. 0.89% of their portfolio Taipei City, F5 306,916306.9k $24.6m $24.6m 0.89% New
39 Empyrean Capital Partners, LP 0.76% of their portfolio LOS ANGELES, CA 286,000286.0k $22.9m $22.9m 0.76% New
40 Main Management ETF Advisors, LLC 0.85% of their portfolio SAN FRANCISCO, CA 285,736285.7k $22.9m $22.9m 0.85% Added +60.2k +60,160
41 Squarepoint Ops LLC 0.05% of their portfolio NEW YORK, NY 282,127282.1k $22.6m $22.6m 0.05% Added +180.6k +180,599
42 Luken Investment Analytics, LLC 8.41% of their portfolio BRENTWOOD, TN 274,298274.3k $22.0m $22.0m 8.41% New
43 LMR Partners LLP 0.20% of their portfolio LONDON, X0 267,609267.6k $21.4m $21.4m 0.20% New
44 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.12% of their portfolio VICTORIA, A1 255,095255.1k $20.4m $20.4m 0.12% New
45 Quantitative Investment Management, LLC 2.12% of their portfolio CHARLOTTESVILLE, VA 254,717254.7k $20.4m $20.4m 2.12% New
46 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 253,418253.4k $20.3m $20.3m 0.04% Added +161.4k +161,366
47 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 250,052250.1k $20.0m $20.0m 0.05% Added +48.6k +48,613
48 1248 Management, LLC 8.98% of their portfolio Kansas City, MO 242,040242.0k $19.4m $19.4m 8.98% New
49 BARINGS LLC 0.31% of their portfolio CHARLOTTE, NC 240,898240.9k $19.3m $19.3m 0.31% Added +132.4k +132,419
50 Carnegie Investment Counsel 0.36% of their portfolio PEPPER PIKE, OH 228,028228.0k $18.3m $18.3m 0.36% Added +209.7k +209,655
51 Waverly Advisors, LLC 0.13% of their portfolio BIRMINGHAM, AL 223,569223.6k $17.9m $17.9m 0.13% Reduced -180.1k -180,055
52 IMC-Chicago, LLC 0.27% of their portfolio CHICAGO, IL 221,893221.9k $17.8m $17.8m 0.27% New
53 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 221,716221.7k $17.0m $17.0m 0.02% Added +149.6k +149,561
54 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 216,942216.9k $17.4m $17.4m 0.02% Reduced -94.9k -94,910
55 IEQ CAPITAL, LLC 0.08% of their portfolio Foster City, CA 211,735211.7k $16.9m $16.9m 0.08% Added +159.9k +159,884
56 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 207,713207.7k $16.6m $16.6m 0.02% Reduced -93.8k -93,758
57 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 182,913182.9k $14.6m $14.6m 0.02% Added +181.4k +181,402
58 Purpose Unlimited Inc. 0.59% of their portfolio TORONTO, A6 178,637178.6k $14.3m $14.3m 0.59% New
59 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 178,005178.0k $14.2m $14.2m 0.04% Added +19.0k +18,955
60 D.A. DAVIDSON & CO. 0.08% of their portfolio GREAT FALLS, MT 165,335165.3k $13.2m $13.2m 0.08% Added +77.4k +77,432
61 B & T Capital Management DBA Alpha Capital Management 1.87% of their portfolio AUSTIN, TX 161,373161.4k $12.9m $12.9m 1.87% New
62 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 156,800156.8k $12.6m $12.6m 0.02% Added +127.2k +127,200
63 Baker Avenue Asset Management, LP 0.28% of their portfolio SAN FRANCISCO, CA 155,554155.6k $12.5m $12.5m 0.28% Added +28.4k +28,365
64 Focused Wealth Management, Inc 1.27% of their portfolio Newburgh, NY 152,311152.3k $12.2m $12.2m 1.27% New
65 NOESIS CAPITAL MANGEMENT CORP 1.79% of their portfolio BOCA RATON, FL 151,496151.5k $12.1m $12.1m 1.79% Reduced -2.6k -2,578
66 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 148,351148.4k $11.9m $11.9m 0.02% Reduced -57.6k -57,627
67 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 146,260146.3k $11.7m $11.7m 0.02% Added +33.5k +33,520
68 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 145,314145.3k $11.2m $11.2m 0.01% Added +78.5k +78,545
69 NOVARE CAPITAL MANAGEMENT LLC 0.89% of their portfolio CHARLOTTE, NC 140,354140.4k $11.2m $11.2m 0.89% Added +127.3k +127,254
70 Horizon Wealth Management, LLC 1.63% of their portfolio LA GRANGE, IL 139,056139.1k $11.1m $11.1m 1.63% New
71 LOWE BROCKENBROUGH & CO INC 0.54% of their portfolio RICHMOND, VA 136,048136.0k $10.9m $10.9m 0.54% Added +4.0k +3,965
72 Y.D. More Investments Ltd 0.42% of their portfolio Ramat Gan, L3 134,760134.8k $10.8m $10.8m 0.42% Added +130.0k +130,038
73 DIVERSIFY WEALTH MANAGEMENT, LLC 0.20% of their portfolio SANDY, UT 133,534133.5k $11.3m $11.3m 0.20% New
74 Concentric Capital Strategies, LP 0.91% of their portfolio Stamford, CT 130,654130.7k $10.5m $10.5m 0.91% New
75 DG Capital Management, LLC 4.50% of their portfolio NEW YORK, NY 130,000130.0k $10.4m $10.4m 4.50% New
76 Procyon Advisors, LLC 0.50% of their portfolio SHELTON, CT 128,027128.0k $10.2m $10.2m 0.50% New
77 GGM Financial LLC 4.71% of their portfolio COLUMBUS, OH 127,941127.9k $10.2m $10.2m 4.71% New
78 Fiduciary Trust Co 0.12% of their portfolio Boston, MA 125,564125.6k $10.1m $10.1m 0.12% Reduced -3.5k -3,545
79 Mariner, LLC 0.01% of their portfolio Overland Park, KS 117,474117.5k $9.4m $9.4m 0.01% Reduced -36.7k -36,719
80 Centiva Capital, LP 0.44% of their portfolio New York, NY 117,069117.1k $9.4m $9.4m 0.44% New
81 U.S. Capital Wealth Advisors, LLC 0.23% of their portfolio AUSTIN, TX 112,761112.8k $9.0m $9.0m 0.23% Added +35.5k +35,470
82 Graham Capital Management, L.P. 0.30% of their portfolio ROWAYTON, CT 112,318112.3k $9.0m $9.0m 0.30% Added +29.8k +29,818
83 J. Goldman & Co LP 0.42% of their portfolio NEW YORK, NY 112,222112.2k $9.0m $9.0m 0.42% New
84 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 111,110111.1k $8.9m $8.9m 0.01% Added +30.2k +30,205
85 Joseph Group Capital Management 2.19% of their portfolio COLUMBUS, OH 109,524109.5k $8.8m $8.8m 2.19% New
86 OPPENHEIMER & CO INC 0.11% of their portfolio NEW YORK, NY 107,973108.0k $8.6m $8.6m 0.11% Added +70.7k +70,701
87 ROTHSCHILD INVESTMENT LLC 0.45% of their portfolio CHICAGO, IL 107,475107.5k $8.6m $8.6m 0.45% New
88 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 104,799104.8k $8.4m $8.4m 0.04% Added +68.5k +68,518
89 Principle Wealth Partners LLC 0.48% of their portfolio MADISON, CT 104,505104.5k $8.4m $8.4m 0.48% Added +9.4k +9,442
90 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 99,85999.9k $8.0m $8.0m 0.03% Added +76.9k +76,940
91 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 99,75299.8k $8.0m $8.0m 0.01% Added +64.8k +64,796
92 Choate Investment Advisors 0.15% of their portfolio BOSTON, MA 96,46896.5k $7.7m $7.7m 0.15% New
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 95,55095.5k $7.7m $7.7m 0.02% Added +12.9k +12,912
94 Parallax Volatility Advisers, L.P. 0.34% of their portfolio San Francisco, CA 95,53695.5k $7.6m $7.6m 0.34% New
95 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 92,42292.4k $7.4m $7.4m 0.04% Reduced -48.1k -48,096
96 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 90,14290.1k $7.2m $7.2m 0.03% Added +38.3k +38,291
97 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 89,30089.3k $7.1m $7.1m 0.01% Reduced -97.9k -97,900
98 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 87,16187.2k $7.0m $7.0m 0.01% Added +68.9k +68,876
99 CWM, LLC 0.02% of their portfolio OMAHA, NE 87,08487.1k $7.0m $7.0m 0.02% Reduced -29.4k -29,379
100 Freestone Capital Holdings, LLC 0.21% of their portfolio Seattle, WA 86,68986.7k $6.9m $6.9m 0.21% New