Vault-13

ISHARES TR IGM

EXPND TEC SC ETF · ETP · CUSIP 464287549

500 institutional holders +40 vs Q2 2025
46,366,13346.4m shares reported held*
$5.8bnreported value*
75 new 157 added 115 reduced 27 sold out net bought ≈ $2.2bn (+17.5m 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 ($3.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $125.85. Options: 4 managers hold calls ($36.1m notional), 3 hold puts ($1.5m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 255Q4 22: 252Q1 23: 262Q2 23: 290Q3 23: 284Q4 23: 322Q1 24: 340Q2 24: 371Q3 24: 385Q4 24: 419Q1 25: 426Q2 25: 460Q3 25: 500500Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022255
Q4 2022252
Q1 2023262
Q2 2023290
Q3 2023284
Q4 2023322
Q1 2024340
Q2 2024371
Q3 2024385
Q4 2024419
Q1 2025426
Q2 2025460
Q3 2025500

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 120 bought or addedQ4 23: 88 cut or sold outQ1 24: 140 bought or addedQ1 24: 122 cut or sold outQ1 24Q2 24: 162 bought or addedQ2 24: 102 cut or sold outQ3 24: 162 bought or addedQ3 24: 126 cut or sold outQ3 24Q4 24: 171 bought or addedQ4 24: 122 cut or sold outQ1 25: 175 bought or addedQ1 25: 155 cut or sold outQ1 25Q2 25: 186 bought or addedQ2 25: 175 cut or sold outQ3 25: 232 bought or addedQ3 25: 142 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202312088
Q1 2024140122
Q2 2024162102
Q3 2024162126
Q4 2024171122
Q1 2025175155
Q2 2025186175
Q3 2025232142

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ4 24 calls: $14.6mQ4 24 puts: $694.2kQ4 24P/C 0.05Q1 25 calls: $3.9mQ1 25 puts: $661.9kQ1 25P/C 0.17Q2 25 calls: $10.3mQ2 25 puts: $954.9kQ2 25P/C 0.09Q3 25 calls: $36.1mQ3 25 puts: $1.5mQ3 25P/C 0.04
Numbers
QuarterCallsPutsP/C
Q4 2024$14.6m$694.2k0.05
Q1 2025$3.9m$661.9k0.17
Q2 2025$10.3m$954.9k0.09
Q3 2025$36.1m$1.5m0.04

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +3,007,140+3.0m
BANK OF AMERICA CORP /DE/ Added +2,660,957+2.7m
RAYMOND JAMES FINANCIAL INC Added +2,296,259+2.3m
TRUIST FINANCIAL CORP Added +1,856,762+1.9m
WestEnd Advisors, LLC New +1,784,481+1.8m
Janney Montgomery Scott LLC Added +1,725,741+1.7m
JPMORGAN CHASE & CO Added +944,077+944.1k
Steward Partners Investment Advisory, LLC Added +786,982+787.0k
VICTORY CAPITAL MANAGEMENT INC New +622,314+622.3k
BANK OF MONTREAL /CAN/ Added +544,007+544.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,043,119-1.0m
TWO SIGMA INVESTMENTS, LP Reduced -93,300-93.3k
CIBC WORLD MARKET INC. Reduced -83,642-83.6k
Equitable Holdings, Inc. Reduced -65,594-65.6k
Soundwatch Capital LLC Sold out -62,657-62.7k
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Reduced -60,912-60.9k
JANE STREET GROUP, LLC Sold out -43,307-43.3k
Migdal Insurance & Financial Holdings Ltd. Reduced -38,579-38.6k
Northstar Advisory Group, LLC Reduced -38,095-38.1k
Rockefeller Capital Management L.P. Reduced -34,692-34.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $26.4m209.7k shares
CITADEL ADVISORS LLC Added $4.5m36.1k shares
JANE STREET GROUP, LLC Added $4.3m33.8k shares
WOLVERINE TRADING, LLC Added $855.2k6.8k shares

Biggest puts

JANE STREET GROUP, LLC Added $730.5k5.8k shares
CITADEL ADVISORS LLC Unchanged $453.4k3.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $352.7k2.8k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 5,280,8185.3m $665.1m $665.1m 0.05% Added +2.7m +2,660,957
2 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 3,363,7243.4m $423.7m $423.7m 0.12% Added +3.0m +3,007,140
3 RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio ST. PETERSBURG, FL 2,879,1772.9m $362.6m $362.6m 0.12% Added +2.3m +2,296,259
4 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 2,406,9932.4m $303.2m $303.2m 0.02% Added +182.1k +182,075
5 BANK OF MONTREAL /CAN/ 0.11% of their portfolio TORONTO, A6 2,073,3722.1m $261.1m $261.1m 0.11% Added +544.0k +544,007
6 TRUIST FINANCIAL CORP 0.34% of their portfolio CHARLOTTE, NC 2,016,0402.0m $253.9m $253.9m 0.34% Added +1.9m +1,856,762
7 Janney Montgomery Scott LLC 0.57% of their portfolio PHILADELPHIA, PA 1,914,3121.9m $241.1m $241.1m 0.57% Added +1.7m +1,725,741
8 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 5.02% of their portfolio LOS ANGELES, CA 1,869,0161.9m $235.4m $235.4m 5.02% Reduced -60.9k -60,912
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,861,0821.9m $234.4m $234.4m 0.01% Added +944.1k +944,077
10 WestEnd Advisors, LLC 5.26% of their portfolio CHARLOTTE, NC 1,784,4811.8m $224.8m $224.8m 5.26% New
11 Equitable Holdings, Inc. 1.54% of their portfolio NEW YORK, NY 1,663,6101.7m $209.5m $209.5m 1.54% Reduced -65.6k -65,594
12 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,608,8571.6m $202.6m $202.6m 0.06% Added +414.5k +414,525
13 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,411,4351.4m $177.8m $177.8m 0.03% Reduced -1.0m -1,043,119
14 Cerity Partners LLC 0.20% of their portfolio NEW YORK, NY 969,152969.2k $122.1m $122.1m 0.20% Added +61.6k +61,567
15 Steward Partners Investment Advisory, LLC 0.61% of their portfolio STAMFORD, CT 842,752842.8k $106.1m $106.1m 0.61% Added +787.0k +786,982
16 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 777,520777.5k $97.9m $97.9m 0.02% Added +87.3k +87,324
17 Destination Wealth Management 2.19% of their portfolio Walnut Creek, CA 630,972631.0k $79.5m $79.5m 2.19% Reduced -11.0k -11,047
18 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 622,314622.3k $78.4m $78.4m 0.05% New
19 Gray Foundation 20.04% of their portfolio Cohoes, NY 559,116559.1k $70.4m $70.4m 20.04% Unchanged
20 UBS Group AG 0.01% of their portfolio ZURICH, V8 528,251528.3k $66.5m $66.5m 0.01% Reduced -28.0k -27,961
21 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 490,020490.0k $61.7m $61.7m 0.08% Added +1.2k +1,206
22 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 379,612379.6k $47.8m $47.8m 0.01% Reduced -660 -660
23 PGIM Custom Harvest LLC 0.70% of their portfolio NEWARK, NJ 371,502371.5k $46.8m $46.8m 0.70% Reduced -7.2k -7,232
24 Portfolio Strategies, Inc. 5.08% of their portfolio MONTVALE, NJ 346,713346.7k $43.7m $43.7m 5.08% Added +34.9k +34,890
25 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 317,876317.9k $40.0m $40.0m 0.04% Added +99.0k +98,994
26 Legacy Financial Strategies, LLC 6.83% of their portfolio OVERLAND PARK, KS 300,446300.4k $37.8m $37.8m 6.83% Added +27.1k +27,112
27 Mirae Asset Global Investments Co., Ltd. 0.11% of their portfolio SEOUL, M5 270,000270.0k $34.0m $34.0m 0.11% New
28 Allworth Financial LP 0.14% of their portfolio FOLSOM, CA 243,833243.8k $30.7m $30.7m 0.14% Reduced -1.6k -1,593
29 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 232,774232.8k $28.8m $28.8m 0.04% Added +46.2k +46,199
30 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 229,469229.5k $28.9m $28.9m 0.03% Added +81.5k +81,508
31 Stuart Chaussee & Associates, Inc. 6.28% of their portfolio BEVERLY HILLS, CA 228,640228.6k $28.8m $28.8m 6.28% Reduced -828 -828
32 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 212,517212.5k $26.8m $26.8m 0.00% Added +66.5k +66,476
33 SteelPeak Wealth, LLC 0.87% of their portfolio WOODLAND HILLS, CA 204,668204.7k $25.8m $25.8m 0.87% Added +201.8k +201,788
34 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 202,073202.1k $22.4m $22.4m 0.07% Added +117.9k +117,907
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 196,061196.1k $24.7m $24.7m 0.00% Added +20.7k +20,743
36 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 195,477195.5k $24.6m $24.6m 0.05% Added +194.6k +194,616
37 HB Wealth Management, LLC 0.12% of their portfolio Atlanta, GA 145,254145.3k $18.3m $18.3m 0.12% Added +10.4k +10,379
38 Mariner, LLC 0.02% of their portfolio Overland Park, KS 140,580140.6k $17.7m $17.7m 0.02% Added +1.9k +1,898
39 Mathes Company, Inc. 6.35% of their portfolio New York, NY 140,424140.4k $17.7m $17.7m 6.35% Reduced -4.0k -4,025
40 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 140,209140.2k $17.7m $17.7m 0.05% Added +61.8k +61,797
41 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 138,162138.2k $17.4m $17.4m 0.05% Added +31.1k +31,132
42 BAILARD, INC. 0.38% of their portfolio Foster City, CA 137,638137.6k $17.3m $17.3m 0.38% Added +1.5k +1,477
43 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 137,061137.1k $17.3m $17.3m 0.01% Added +58.0k +57,973
44 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 124,419124.4k $15.7m $15.7m 0.03% Reduced -83.6k -83,642
45 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 115,518115.5k $13.3m $13.3m 0.02% Added +110.3k +110,282
46 SAGESPRING WEALTH PARTNERS, LLC 0.28% of their portfolio FRANKLIN, TN 112,855112.9k $14.2m $14.2m 0.28% Reduced -1.1k -1,128
47 White Lighthouse Investment Management Inc. 1.97% of their portfolio BEDFORD, MA 102,735102.7k $12.9m $12.9m 1.97% Added +13.8k +13,759
48 Apollon Wealth Management, LLC 0.23% of their portfolio MOUNT PLEASANT, SC 102,315102.3k $12.9m $12.9m 0.23% Reduced -352 -352
49 GM Advisory Group, LLC 0.53% of their portfolio MELVILLE, NY 99,88999.9k $12.6m $12.6m 0.53% Added +1.5k +1,457
50 Trilogy Capital Inc. 0.57% of their portfolio IRVINE, CA 98,12498.1k $12.4m $12.4m 0.57% New
51 Shira Ridge Wealth Management 5.19% of their portfolio LARKSPUR, CA 97,13897.1k $12.2m $12.2m 5.19% Added +371 +371
52 Vantage Financial Partners, LLC 2.55% of their portfolio ELM GROVE, WI 96,27296.3k $12.1m $12.1m 2.55% Added +9.6k +9,609
53 OVERSEA-CHINESE BANKING Corp Ltd 0.31% of their portfolio SINGAPORE, U0 95,68595.7k $12.1m $12.1m 0.31% Reduced -7.2k -7,193
54 Dynamic Wealth Strategies, LLC 7.98% of their portfolio GRANITE BAY, CA 94,83294.8k $11.9m $11.9m 7.98% Added +704 +704
55 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 92,01492.0k $11.6m $11.6m 0.05% Added +19.8k +19,803
56 &PARTNERS 0.07% of their portfolio NASHVILLE, TN 89,16389.2k $11.2m $11.2m 0.07% Added +1.8k +1,780
57 Fairscale Capital, LLC 7.33% of their portfolio NASHUA, NH 84,68584.7k $10.7m $10.7m 7.33% Reduced -582 -582
58 Prostatis Group LLC 2.52% of their portfolio HANOVER, MD 79,70879.7k $10.0m $10.0m 2.52% Added +1.1k +1,094
59 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 77,49077.5k $9.8m $9.8m 0.02% Added +26.7k +26,720
60 Baker Avenue Asset Management, LP 0.22% of their portfolio SAN FRANCISCO, CA 74,50274.5k $9.4m $9.4m 0.22% Added +837 +837
61 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 70,03170.0k $8.8m $8.8m 0.00% Added +1.8k +1,801
62 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 69,47669.5k $8.8m $8.8m 0.01% Added +32.1k +32,149
63 WealthBridge Capital Management, LLC 2.04% of their portfolio WESTERVILLE, OH 69,16569.2k $8.7m $8.7m 2.04% Reduced -1.0k -1,000
64 DAVENPORT & Co LLC 0.05% of their portfolio RICHMOND, VA 68,01268.0k $8.6m $8.6m 0.05% New
65 CWM, LLC 0.02% of their portfolio OMAHA, NE 64,98365.0k $8.2m $8.2m 0.02% Added +366 +366
66 Meridian Wealth Management, LLC 0.31% of their portfolio LEXINGTON, KY 64,22064.2k $8.1m $8.1m 0.31% Unchanged
67 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 63,06463.1k $7.9m $7.9m 0.02% Reduced -34.7k -34,692
68 Global Retirement Partners, LLC 0.17% of their portfolio San Rafael, CA 61,60761.6k $7.8m $7.8m 0.17% Reduced -1.6k -1,622
69 SCOTIA CAPITAL INC. 0.03% of their portfolio TORONTO, A6 61,23661.2k $7.7m $7.7m 0.03% Added +358 +358
70 NorthCoast Asset Management LLC 0.03% of their portfolio STAMFORD, CT 58,44158.4k $7.4m $7.4m 0.03% Added +5.6k +5,609
71 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 58,13458.1k $7.3m $7.3m 0.04% Reduced -2.5k -2,500
72 Asset Management Group, Inc. 1.18% of their portfolio STAMFORD, CT 57,10057.1k $7.2m $7.2m 1.18% Reduced -635 -635
73 Graves Light Lenhart Wealth, Inc. 0.78% of their portfolio HARRISONBURG, VA 55,97356.0k $7.0m $7.0m 0.78% Unchanged
74 Integrity Investment Advisors, LLC 4.55% of their portfolio FORT COLLINS, CO 54,43354.4k $6.9m $6.9m 4.55% Added +2.7k +2,702
75 ACIMA PRIVATE WEALTH, LLC 2.11% of their portfolio RICHMOND, VA 53,40053.4k $6.7m $6.7m 2.11% Unchanged
76 MIDLAND WEALTH ADVISORS, LLC 0.36% of their portfolio EFFINGHAM, IL 53,17453.2k $6.7m $6.7m 0.36% Added +6.1k +6,103
77 AFT, FORSYTH & COMPANY, INC. 3.20% of their portfolio JUPITER, FL 53,09453.1k $6.7m $6.7m 3.20% Reduced -57 -57
78 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 52,20952.2k $6.6m $6.6m 0.03% Added +5.0k +4,972
79 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 52,07152.1k $6.6m $6.6m 0.00% Reduced -6.8k -6,768
80 RWA WEALTH PARTNERS, LLC 0.07% of their portfolio BOSTON, MA 50,03850.0k $6.3m $6.3m 0.07% Added +217 +217
81 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 49,76849.8k $6.2m $6.2m 0.00% Added +10.8k +10,846
82 Advisory Services Network, LLC 0.09% of their portfolio ATLANTA, GA 49,72749.7k $6.3m $6.3m 0.09% Added +1.5k +1,525
83 Humankind Investments LLC 1.41% of their portfolio NEW YORK, NY 48,93048.9k $6.2m $6.2m 1.41% Unchanged
84 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 46,88446.9k $5.9m $5.9m 0.01% Added +14.5k +14,509
85 KKM Financial LLC 1.82% of their portfolio CHICAGO, IL 46,06546.1k $5.8m $5.8m 1.82% Reduced -2.5k -2,456
86 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 44,86344.9k $5.7m $5.7m 0.00% Reduced -5.0k -5,047
87 Paragon Advisors, LLC 1.35% of their portfolio COLLEGE STATION, TX 41,41741.4k $5.2m $5.2m 1.35% Added +3.5k +3,459
88 Coastal Bridge Advisors, LLC 0.39% of their portfolio WESTPORT, CT 41,20041.2k $5.2m $5.2m 0.39% New
89 Atria Investments, Inc 0.06% of their portfolio Charlotte, NC 38,98039.0k $4.9m $4.9m 0.06% Added +27.9k +27,929
90 Concurrent Investment Advisors, LLC 0.08% of their portfolio Tampa, FL 38,87938.9k $4.9m $4.9m 0.08% Added +33.9k +33,920
91 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 38,74838.7k $4.9m $4.9m 0.00% Added +3.8k +3,781
92 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 36,67536.7k $4.7m $4.7m 0.01% Added +11.5k +11,521
93 MERIDIAN INVESTMENT COUNSEL INC. 1.13% of their portfolio LAFAYETTE, CA 36,19536.2k $4.6m $4.6m 1.13% Reduced -600 -600
94 Milestone Investment Advisors LLC 1.13% of their portfolio MIDDLETON, WI 36,10436.1k $4.5m $4.5m 1.13% Added +191 +191
95 Belpointe Asset Management LLC 0.17% of their portfolio RENO, NV 35,77335.8k $4.5m $4.5m 0.17% Reduced -233 -233
96 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 34,40434.4k $4.3m $4.3m 0.00% Added +11.0k +10,967
97 INTERACTIVE FINANCIAL ADVISORS, INC. 2.30% of their portfolio New Lenox, IL 33,77333.8k $4.3m $4.3m 2.30% Reduced -12.2k -12,242
98 TRAPHAGEN INVESTMENT ADVISORS LLC 0.36% of their portfolio ORADELL, NJ 33,64433.6k $4.2m $4.2m 0.36% Reduced -6 -6
99 Campion Asset Management 3.00% of their portfolio Fairfax, VA 33,51233.5k $4.2m $4.2m 3.00% Reduced -438 -438
100 FMR LLC 0.00% of their portfolio BOSTON, MA 31,83431.8k $4.0m $4.0m 0.00% Reduced -648 -648