Vault-13

ISHARES TR SOXX

ISHARES SEMICDTR · ETP · CUSIP 464287523 · ISIN US4642875235

786 institutional holders +35 vs Q2 2025
25,445,06425.4m shares reported held*
$6.9bnreported value*
94 new 261 added 256 reduced 56 sold out net sold ≈ $1.7bn (-6.3m 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $271.08. Options: 13 managers hold calls ($773.6m notional), 21 hold puts ($1.2bn).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 416Q4 22: 461Q1 23: 506Q2 23: 524Q3 23: 525Q4 23: 630Q1 24: 690Q2 24: 741Q3 24: 747Q4 24: 766Q1 25: 720Q2 25: 751Q3 25: 786786Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022416
Q4 2022461
Q1 2023506
Q2 2023524
Q3 2023525
Q4 2023630
Q1 2024690
Q2 2024741
Q3 2024747
Q4 2024766
Q1 2025720
Q2 2025751
Q3 2025786

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 23: 323 bought or addedQ4 23: 214 cut or sold outQ1 24: 364 bought or addedQ1 24: 281 cut or sold outQ1 24Q2 24: 405 bought or addedQ2 24: 260 cut or sold outQ3 24: 375 bought or addedQ3 24: 317 cut or sold outQ3 24Q4 24: 345 bought or addedQ4 24: 322 cut or sold outQ1 25: 325 bought or addedQ1 25: 361 cut or sold outQ1 25Q2 25: 356 bought or addedQ2 25: 327 cut or sold outQ3 25: 355 bought or addedQ3 25: 312 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023323214
Q1 2024364281
Q2 2024405260
Q3 2024375317
Q4 2024345322
Q1 2025325361
Q2 2025356327
Q3 2025355312

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bn$2bnQ4 24 calls: $494.0mQ4 24 puts: $1.1bnQ4 24P/C 2.18Q1 25 calls: $669.7mQ1 25 puts: $841.1mQ1 25P/C 1.26Q2 25 calls: $949.2mQ2 25 puts: $1.9bnQ2 25P/C 2.05Q3 25 calls: $773.6mQ3 25 puts: $1.2bnQ3 25P/C 1.60
Numbers
QuarterCallsPutsP/C
Q4 2024$494.0m$1.1bn2.18
Q1 2025$669.7m$841.1m1.26
Q2 2025$949.2m$1.9bn2.05
Q3 2025$773.6m$1.2bn1.60

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +852,881+852.9k
JPMORGAN CHASE & CO Added +446,579+446.6k
Foundations Investment Advisors, LLC Added +329,650+329.6k
Thrivent Financial for Lutherans Added +262,850+262.9k
Quadrature Capital Ltd Added +260,365+260.4k
BARCLAYS PLC Added +145,698+145.7k
Anfield Capital Management, LLC Added +82,633+82.6k
Alaska Permanent Capital Management, LLC New +62,472+62.5k
D. E. Shaw & Co., Inc. New +45,296+45.3k
Cambridge Investment Research Advisors, Inc. Added +44,873+44.9k

Biggest sellers

MORGAN STANLEY Reduced -2,000,970-2.0m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,611,679-1.6m
GOLDMAN SACHS GROUP INC Reduced -1,222,965-1.2m
UBS Group AG Reduced -988,537-988.5k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -855,000-855.0k
CITADEL ADVISORS LLC Sold out -477,105-477.1k
ROYAL BANK OF CANADA Reduced -375,674-375.7k
Rockefeller Capital Management L.P. Reduced -322,511-322.5k
CITIGROUP INC Reduced -286,633-286.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -192,141-192.1k

Biggest calls

CITADEL ADVISORS LLC Added $240.5m887.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $187.3m690.7k shares
Twin Tree Management, LP Reduced $129.2m476.7k shares
JANE STREET GROUP, LLC Reduced $127.6m470.5k shares
MARSHALL WACE, LLP Reduced $34.9m128.9k shares
Oribel Capital Management, LP New $29.7m109.7k shares
Parallax Volatility Advisers, L.P. Added $6.9m25.6k shares
Walleye Trading LLC Reduced $5.8m21.5k shares
PEAK6 LLC Reduced $4.9m18.0k shares
UBS Group AG Reduced $3.1m11.6k shares

Biggest puts

CITADEL ADVISORS LLC Added $267.8m987.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $227.3m838.4k shares
DRW Securities, LLC Added $200.8m740.3k shares
JANE STREET GROUP, LLC Reduced $176.0m649.0k shares
MARSHALL WACE, LLP Added $94.3m347.8k shares
Twin Tree Management, LP Reduced $60.8m224.2k shares
CloudAlpha Capital Management Limited/Hong Kong Reduced $51.5m190.0k shares
Parallax Volatility Advisers, L.P. Added $33.7m124.3k shares
Walleye Trading LLC Reduced $25.5m94.2k shares
TUDOR INVESTMENT CORP ET AL Unchanged $19.1m70.4k 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 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 2,319,9442.3m $629.0m $629.0m 0.05% Reduced -38.0k -37,975
2 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 1,963,2752.0m $532.3m $532.3m 0.08% Reduced -1.2m -1,222,965
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 1,821,4991.8m $493.8m $493.8m 0.03% Reduced -2.0m -2,000,970
4 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.79% of their portfolio TORONTO, A6 1,585,0001.6m $429.7m $429.7m 0.79% Reduced -855.0k -855,000
5 UBS Group AG 0.07% of their portfolio ZURICH, V8 1,270,2441.3m $344.4m $344.4m 0.07% Reduced -988.5k -988,537
6 BNP PARIBAS FINANCIAL MARKETS 0.24% of their portfolio PARIS, I0 1,127,1441.1m $305.6m $305.6m 0.24% Reduced -1.6m -1,611,679
7 MILLENNIUM MANAGEMENT LLC 0.22% of their portfolio NEW YORK, NY 1,053,9451.1m $285.7m $285.7m 0.22% Added +852.9k +852,881
8 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,022,7451.0m $277.3m $277.3m 0.08% Added +2.3k +2,345
9 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 842,102842.1k $228.3m $228.3m 0.05% Reduced -32.2k -32,160
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 614,210614.2k $166.5m $166.5m 0.01% Added +446.6k +446,579
11 Rockefeller Capital Management L.P. 0.21% of their portfolio NEW YORK, NY 400,195400.2k $108.5m $108.5m 0.21% Reduced -322.5k -322,511
12 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 353,702353.7k $95.9m $95.9m 0.02% Reduced -375.7k -375,674
13 Foundations Investment Advisors, LLC 1.30% of their portfolio PHOENIX, AZ 330,850330.9k $89.7m $89.7m 1.30% Added +329.6k +329,650
14 LMR Partners LLP 1.15% of their portfolio LONDON, X0 330,000330.0k $89.5m $89.5m 1.15% Unchanged
15 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 326,144326.1k $88.4m $88.4m 0.03% Added +145.7k +145,698
16 DONALDSON CAPITAL MANAGEMENT, LLC 2.57% of their portfolio EVANSVILLE, IN 299,953300.0k $81.3m $81.3m 2.57% Added +5.7k +5,656
17 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 285,895285.9k $77.5m $77.5m 0.02% Reduced -15.3k -15,349
18 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 280,094280.1k $75.9m $75.9m 0.10% Added +1.7k +1,697
19 Thrivent Financial for Lutherans 0.14% of their portfolio Minneapolis, MN 271,415271.4k $73.6m $73.6m 0.14% Added +262.9k +262,850
20 Quadrature Capital Ltd 0.85% of their portfolio LONDON, X0 264,625264.6k $71.8m $71.8m 0.85% Added +260.4k +260,365
21 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 253,913253.9k $68.8m $68.8m 0.02% Reduced -7.0k -7,032
22 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 247,247247.2k $67.0m $67.0m 0.05% Reduced -286.6k -286,633
23 Cambridge Investment Research Advisors, Inc. 0.16% of their portfolio FAIRFIELD, IA 213,505213.5k $57.9m $57.9m 0.16% Added +44.9k +44,873
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 213,299213.3k $57.8m $57.8m 0.04% Reduced -6.2k -6,211
25 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 183,949183.9k $46.8m $46.8m 0.07% Added +1.1k +1,145
26 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 168,624168.6k $45.7m $45.7m 0.05% Added +19.7k +19,693
27 Analyst IMS Investment Management Services Ltd. 1.34% of their portfolio Tel-aviv, L3 159,111159.1k $43.1m $43.1m 1.34% Added +7.0k +6,953
28 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 149,144149.1k $40.4m $40.4m 0.01% Reduced -16.0k -15,972
29 GM Advisory Group, LLC 1.70% of their portfolio MELVILLE, NY 147,503147.5k $40.0m $40.0m 1.70% Reduced -28.4k -28,450
30 Wellspring Financial Advisors, LLC 3.62% of their portfolio CLEVELAND, OH 145,153145.2k $39.4m $39.4m 3.62% Added +37.3k +37,279
31 EDMOND DE ROTHSCHILD HOLDING S.A. 0.60% of their portfolio CHAMBESY, V8 142,535142.5k $38.6m $38.6m 0.60% Reduced -865 -865
32 Gerber Kawasaki Wealth & Investment Management 1.32% of their portfolio SANTA MONICA, CA 141,521141.5k $38.4m $38.4m 1.32% Reduced -14.8k -14,817
33 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 133,737133.7k $36.0m $36.0m 0.02% Added +16.6k +16,592
34 GREENWOOD GEARHART LLC 2.00% of their portfolio FAYETTEVILLE, AR 128,086128.1k $34.7m $34.7m 2.00% Reduced -391 -391
35 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 118,439118.4k $32.1m $32.1m 0.04% Reduced -1.9k -1,932
36 SG Americas Securities, LLC 0.11% of their portfolio NEW YORK, NY 114,028114.0k $30.9m $30.9m 0.11% Added +12.0k +11,980
37 Integrated Wealth Concepts LLC 0.28% of their portfolio WALTHAM, MA 113,791113.8k $30.9m $30.9m 0.28% Added +5.3k +5,321
38 FIRST MANHATTAN CO. LLC. 0.07% of their portfolio NEW YORK, NY 100,847100.8k $27.3m $27.3m 0.07% Added +52 +52
39 Twin Tree Management, LP 1.17% of their portfolio DALLAS, TX 92,21092.2k $25.0m $25.0m 1.17% Reduced -174.7k -174,701
40 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 83,53783.5k $22.6m $22.6m 0.03% Reduced -1.5k -1,508
41 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 82,97683.0k $22.5m $22.5m 0.06% Reduced -9.1k -9,136
42 Anfield Capital Management, LLC 6.60% of their portfolio IRVINE, CA 82,74482.7k $22.4m $22.4m 6.60% Added +82.6k +82,633
43 Yarbrough Capital, LLC 0.70% of their portfolio FRANKLIN, TN 82,38382.4k $22.3m $22.3m 0.70% Unchanged
44 Clal Insurance Enterprises Holdings Ltd 0.17% of their portfolio Tel-aviv, L3 81,72281.7k $22.2m $22.2m 0.17% Reduced -120.0k -120,000
45 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 78,69878.7k $21.3m $21.3m 0.02% Added +2.9k +2,915
46 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 77,04477.0k $20.9m $20.9m 0.04% Added +38.4k +38,410
47 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 71,61771.6k $19.4m $19.4m 0.03% Added +9.9k +9,898
48 OPPENHEIMER & CO INC 0.23% of their portfolio NEW YORK, NY 68,73168.7k $18.6m $18.6m 0.23% Reduced -4.3k -4,290
49 Mariner, LLC 0.02% of their portfolio Overland Park, KS 65,05865.1k $17.6m $17.6m 0.02% Added +4.1k +4,142
50 Alaska Permanent Capital Management, LLC 1.25% of their portfolio ANCHORAGE, AK 62,47262.5k $16.9m $16.9m 1.25% New
51 United Asset Strategies, Inc. 1.29% of their portfolio GARDEN CITY, NY 59,17059.2k $16.0m $16.0m 1.29% Added +8.4k +8,426
52 BANK HAPOALIM BM 1.93% of their portfolio TEL AVIV, L3 57,92857.9k $15.7m $15.7m 1.93% Added +3.3k +3,262
53 TD Waterhouse Canada Inc. 0.10% of their portfolio TORONTO, A6 57,31457.3k $15.9m $15.9m 0.10% Reduced -954 -954
54 Parallax Volatility Advisers, L.P. 0.44% of their portfolio San Francisco, CA 55,42055.4k $15.0m $15.0m 0.44% Reduced -7.3k -7,321
55 Kestra Advisory Services, LLC 0.07% of their portfolio AUSTIN, TX 52,86952.9k $14.3m $14.3m 0.07% Reduced -598 -598
56 Legend Financial Advisors, Inc. 8.65% of their portfolio PITTSBURGH, PA 52,01752.0k $14.1m $14.1m 8.65% Reduced -4.0k -4,008
57 FIL Ltd 0.01% of their portfolio HAMILTON, D0 51,42651.4k $13.9m $13.9m 0.01% Reduced -4.4k -4,416
58 COMMERCE BANK 0.08% of their portfolio KANSAS CITY, MO 50,78050.8k $13.8m $13.8m 0.08% Added +3.7k +3,664
59 Legacy Edge Advisors, LLC 1.62% of their portfolio SYOSSET, NY 50,66050.7k $13.7m $13.7m 1.62% Added +3.1k +3,147
60 Financial Partners Group, Inc 1.67% of their portfolio Overland Park, KS 49,46049.5k $13.4m $13.4m 1.67% Reduced -26 -26
61 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 47,52547.5k $10.9m $10.9m 0.03% Added +23.9k +23,865
62 Chicago Wealth Management, Inc. 5.36% of their portfolio CHICAGO, IL 45,38745.4k $12.3m $12.3m 5.36% Added +43.7k +43,684
63 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 45,29645.3k $12.3m $12.3m 0.01% New
64 SAVA PENZISKO DRUSHTVO A.D. SKOPJE 4.03% of their portfolio SKOPJE, 1U 45,27545.3k $12.3m $12.3m 4.03% First filing
65 TUDOR INVESTMENT CORP ET AL 0.08% of their portfolio STAMFORD, CT 44,15244.2k $12.0m $12.0m 0.08% Added +36.4k +36,356
66 Avondale Wealth Management 6.25% of their portfolio WEST LAKE HILLS, TX 43,26143.3k $11.7m $11.7m 6.25% Reduced -1.5k -1,535
67 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 42,49342.5k $12.0m $12.0m 0.02% Reduced -790 -790
68 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 41,51741.5k $11.3m $11.3m 0.00% Reduced -2.1k -2,124
69 Capital Investment Counsel, LLC 1.65% of their portfolio DENVER, CO 41,31041.3k $11.2m $11.2m 1.65% Reduced -489 -489
70 TOTH FINANCIAL ADVISORY CORP 1.18% of their portfolio LEESBURG, VA 40,20440.2k $10.9m $10.9m 1.18% Added +8.5k +8,501
71 MACKENZIE FINANCIAL CORP 0.01% of their portfolio TORONTO ONTARIO, A6 39,55339.6k $10.7m $10.7m 0.01% New
72 Steward Partners Investment Advisory, LLC 0.06% of their portfolio STAMFORD, CT 39,42739.4k $10.7m $10.7m 0.06% Added +2.8k +2,816
73 KCM INVESTMENT ADVISORS LLC 0.34% of their portfolio GREENBRAE, CA 38,41938.4k $10.4m $10.4m 0.34% Added +1.1k +1,089
74 HARBOR ADVISORY CORP /MA/ 2.96% of their portfolio PORTSMOUTH, NH 36,87236.9k $10.0m $10.0m 2.96% Reduced -168 -168
75 Perbak Capital Partners LLP 1.75% of their portfolio LONDON, X0 36,66636.7k $9.9m $9.9m 1.75% New
76 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 36,36636.4k $9.9m $9.9m 0.03% Reduced -19.6k -19,609
77 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 35,73935.7k $9.7m $9.7m 0.02% Added +2.8k +2,759
78 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 35,37635.4k $9.6m $9.6m 0.05% Added +475 +475
79 KESTRA PRIVATE WEALTH SERVICES, LLC 0.12% of their portfolio AUSTIN, TX 35,28135.3k $9.6m $9.6m 0.12% Reduced -5.0k -4,955
80 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 35,25635.3k $9.6m $9.6m 0.01% Added +24.0k +23,991
81 Wealthfront Advisers LLC 0.02% of their portfolio Palo Alto, CA 35,01735.0k $9.5m $9.5m 0.02% Added +2.7k +2,711
82 Gray Foundation 2.65% of their portfolio Cohoes, NY 34,37134.4k $9.3m $9.3m 2.65% Unchanged
83 LOWE BROCKENBROUGH & CO INC 0.46% of their portfolio RICHMOND, VA 32,99233.0k $8.9m $8.9m 0.46% Added +222 +222
84 Meridian Wealth Management, LLC 0.34% of their portfolio LEXINGTON, KY 32,26832.3k $8.7m $8.7m 0.34% Reduced -977 -977
85 DRW Securities, LLC 0.42% of their portfolio CHICAGO, IL 30,12130.1k $8.2m $8.2m 0.42% Added +23.9k +23,852
86 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 29,87429.9k $8.1m $8.1m 0.01% Reduced -192.1k -192,141
87 Traynor Capital Management, Inc. 0.46% of their portfolio MALVERN, PA 29,86029.9k $8.1m $8.1m 0.46% Reduced -618 -618
88 Advisory Services Network, LLC 0.12% of their portfolio ATLANTA, GA 29,79629.8k $8.1m $8.1m 0.12% Added +2.2k +2,250
89 Equitable Holdings, Inc. 0.06% of their portfolio NEW YORK, NY 29,50929.5k $8.0m $8.0m 0.06% Added +5.1k +5,059
90 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.06% of their portfolio Madrid, U3 29,42229.4k $7.9m $7.9m 0.06% Reduced -19.9k -19,930
91 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 29,04529.0k $7.9m $7.9m 0.04% Reduced -3.4k -3,436
92 MAI Capital Management 0.05% of their portfolio INDEPENDENCE, OH 28,70328.7k $7.8m $7.8m 0.05% Reduced -364 -364
93 Rakuten Investment Management, Inc. 0.03% of their portfolio TOKYO, M0 28,48428.5k $7.7m $7.7m 0.03% First filing
94 AVAII WEALTH MANAGEMENT, LLC 2.94% of their portfolio APPLETON, WI 28,48028.5k $7.7m $7.7m 2.94% Added +809 +809
95 CMH Wealth Management LLC 1.64% of their portfolio PORTSMOUTH, NH 28,35428.4k $7.7m $7.7m 1.64% Reduced -559 -559
96 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 28,34928.3k $7.7m $7.7m 0.02% Reduced -1.2k -1,182
97 Fulton Bank, N.A. 0.27% of their portfolio Lancaster, PA 28,12528.1k $7.6m $7.6m 0.27% Added +75 +75
98 IMC-Chicago, LLC 0.13% of their portfolio CHICAGO, IL 27,66127.7k $7.5m $7.5m 0.13% New
99 SPINNAKER TRUST 0.41% of their portfolio PORTLAND, ME 27,16927.2k $7.4m $7.4m 0.41% Added +722 +722
100 COTTONWOOD CAPITAL ADVISORS, LLC 5.31% of their portfolio SALT LAKE CITY, UT 26,86926.9k $7.3m $7.3m 5.31% Added +415 +415