Vault-13

ISHARES TR IBB

ISHARES BIOTECH · ETP · CUSIP 464287556 · ISIN US4642875565

878 institutional holders +41 vs Q3 2023
40,326,94640.3m shares reported held*
$5.5bnreported value*
83 new 177 added 377 reduced 74 sold out net bought ≈ $218.0m (+1.6m 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 ($538.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $135.85. Options: 18 managers hold calls ($353.2m notional), 27 hold puts ($1.4bn).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 830Q4 22: 905Q1 23: 867Q2 23: 845Q3 23: 837Q4 23: 878878Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022830
Q4 2022905
Q1 2023867
Q2 2023845
Q3 2023837
Q4 2023878

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 341 bought or addedQ4 22: 334 cut or sold outQ4 22Q1 23: 259 bought or addedQ1 23: 434 cut or sold outQ1 23Q2 23: 247 bought or addedQ2 23: 374 cut or sold outQ2 23Q3 23: 223 bought or addedQ3 23: 399 cut or sold outQ3 23Q4 23: 260 bought or addedQ4 23: 451 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022341334
Q1 2023259434
Q2 2023247374
Q3 2023223399
Q4 2023260451

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ1 23 calls: $300.2mQ1 23 puts: $354.1mQ1 23P/C 1.18Q2 23 calls: $233.1mQ2 23 puts: $234.1mQ2 23P/C 1.00Q3 23 calls: $207.5mQ3 23 puts: $806.2mQ3 23P/C 3.89Q4 23 calls: $353.2mQ4 23 puts: $1.4bnQ4 23P/C 4.02
Numbers
QuarterCallsPutsP/C
Q1 2023$300.2m$354.1m1.18
Q2 2023$233.1m$234.1m1.00
Q3 2023$207.5m$806.2m3.89
Q4 2023$353.2m$1.4bn4.02

Biggest buyers

JPMORGAN CHASE & CO Added +2,212,265+2.2m
MORGAN STANLEY Added +2,211,048+2.2m
Main Management ETF Advisors, LLC New +545,490+545.5k
BNP PARIBAS FINANCIAL MARKETS Added +217,653+217.7k
Johns Hopkins University Added +161,495+161.5k
Miller Investment Management, LP Added +86,509+86.5k
LMR Partners LLP New +76,593+76.6k
Gateway Advisory, LLC New +72,351+72.4k
Squarepoint Ops LLC Added +61,530+61.5k
Paloma Partners Management Co New +56,958+57.0k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -1,253,055-1.3m
Thrivent Financial for Lutherans Reduced -325,601-325.6k
Composition Wealth, LLC Reduced -300,787-300.8k
GOLDMAN SACHS GROUP INC Reduced -242,635-242.6k
JANE STREET GROUP, LLC Sold out -215,522-215.5k
Itau Unibanco Holding S.A. Reduced -179,390-179.4k
CITIGROUP INC Reduced -117,729-117.7k
TWO SIGMA ADVISERS, LP Reduced -116,800-116.8k
MILLENNIUM MANAGEMENT LLC Reduced -109,947-109.9k
UBS Group AG Reduced -103,434-103.4k

Biggest calls

CITADEL ADVISORS LLC Added $77.2m568.6k shares
BARCLAYS PLC Added $63.6m467.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $62.5m459.8k shares
Squarepoint Ops LLC Added $42.8m315.2k shares
Balyasny Asset Management L.P. Unchanged $20.4m150.0k shares
NOMURA HOLDINGS INC New $14.7m108.0k shares
MILLENNIUM MANAGEMENT LLC Added $11.9m87.3k shares
Jefferies Financial Group Inc. Reduced $11.8m87.1k shares
Walleye Trading LLC Added $10.5m77.4k shares
CAPITAL FUND MANAGEMENT S.A. New $9.6m70.9k shares

Biggest puts

Elliott Investment Management L.P. Added $848.7m6.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $164.3m1.2m shares
CITADEL ADVISORS LLC Added $98.5m724.8k shares
BARCLAYS PLC New $54.7m402.3k shares
Parallax Volatility Advisers, L.P. New $50.1m369.1k shares
GTS SECURITIES LLC Added $39.4m289.8k shares
Balyasny Asset Management L.P. Reduced $34.0m250.0k shares
WOLVERINE TRADING, LLC New $17.5m128.5k shares
CAPITAL FUND MANAGEMENT S.A. New $17.4m128.4k shares
J. Goldman & Co LP New $15.6m115.2k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 8,426,3588.4m $1.1bn $1.1bn 0.13% Reduced -1.3m -1,253,055
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 5,143,0965.1m $698.7m $698.7m 0.03% Added +2.2m +2,211,048
3 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 4,055,0904.1m $550.9m $550.9m 0.03% Added +2.2m +2,212,265
4 CITIGROUP INC 0.40% of their portfolio NEW YORK, NY 2,211,3482.2m $300.4m $300.4m 0.40% Reduced -117.7k -117,729
5 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 2,178,8492.2m $296.0m $296.0m 0.06% Reduced -242.6k -242,635
6 BNP PARIBAS FINANCIAL MARKETS 0.40% of their portfolio PARIS, I0 1,635,4701.6m $222.2m $222.2m 0.40% Added +217.7k +217,653
7 UBS Group AG 0.07% of their portfolio ZURICH, V8 1,317,1491.3m $178.9m $178.9m 0.07% Reduced -103.4k -103,434
8 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,159,6581.2m $157.5m $157.5m 0.04% Reduced -42.5k -42,499
9 COMMERCE BANK 0.70% of their portfolio KANSAS CITY, MO 720,438720.4k $97.9m $97.9m 0.70% Reduced -3.1k -3,075
10 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 664,416664.4k $90.3m $90.3m 0.03% Reduced -8.9k -8,910
11 Main Management ETF Advisors, LLC 4.35% of their portfolio SAN FRANCISCO, CA 545,490545.5k $74.1m $74.1m 4.35% New
12 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.24% of their portfolio TORONTO, A6 499,000499.0k $67.8m $67.8m 0.24% Unchanged
13 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 469,746469.7k $63.8m $63.8m 0.04% Reduced -57.0k -56,965
14 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 387,931387.9k $52.7m $52.7m 0.04% Reduced -28.8k -28,835
15 Bank Julius Baer & Co. Ltd, Zurich 0.17% of their portfolio ZURICH, V8 289,697289.7k $39.4m $39.4m 0.17% Reduced -3.4k -3,400
16 Bronte Capital Management Pty Ltd. 3.58% of their portfolio Bondi Junction, C3 281,528281.5k $38.2m $38.2m 3.58% Reduced -1.7k -1,701
17 Johns Hopkins University 1.31% of their portfolio BALTIMORE, MD 229,632229.6k $31.2m $31.2m 1.31% Added +161.5k +161,495
18 Itau Unibanco Holding S.A. 0.96% of their portfolio SAO PAULO, D5 215,095215.1k $29.2m $29.2m 0.96% Reduced -179.4k -179,390
19 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 188,676188.7k $25.6m $25.6m 0.05% Reduced -17.4k -17,416
20 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 175,881175.9k $23.9m $23.9m 0.05% Reduced -6.6k -6,591
21 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 172,762172.8k $23.5m $23.5m 0.02% Reduced -15.7k -15,732
22 MBB PUBLIC MARKETS I LLC 1.40% of their portfolio CHICAGO, IL 166,693166.7k $22.6m $22.6m 1.40% Reduced -76.7k -76,700
23 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 164,458164.5k $22.3m $22.3m 0.02% Reduced -109.9k -109,947
24 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 153,692153.7k $20.9m $20.9m 0.03% Added +12.6k +12,611
25 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 146,396146.4k $19.9m $19.9m 0.03% Reduced -61.5k -61,540
26 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 137,897137.9k $18.7m $18.7m 0.02% Added +14.5k +14,457
27 Gray Foundation 6.33% of their portfolio Cohoes, NY 131,693131.7k $17.9m $17.9m 6.33% First filing
28 ALBION FINANCIAL GROUP /UT 1.45% of their portfolio SALT LAKE CITY, UT 129,377129.4k $17.6m $17.6m 1.45% Added +1.6k +1,575
29 Avalon Trust Co 1.55% of their portfolio SANTA FE, NM 125,108125.1k $17.0m $17.0m 1.55% Reduced -478 -478
30 CANADA LIFE ASSURANCE Co 0.03% of their portfolio WINNIPEG, A2 114,640114.6k $15.5m $15.5m 0.03% Reduced -8.9k -8,928
31 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 113,363113.4k $15.4m $15.4m 0.05% Reduced -463 -463
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 109,927109.9k $14.9m $14.9m 0.00% Reduced -9.5k -9,516
33 DAFNA Capital Management LLC 3.34% of their portfolio LOS ANGELES, CA 102,500102.5k $13.9m $13.9m 3.34% Unchanged
34 BROWN ADVISORY INC 0.02% of their portfolio BALTIMORE, MD 94,33494.3k $12.8m $12.8m 0.02% Added +17.7k +17,651
35 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 91,64391.6k $12.4m $12.4m 0.02% Added +14.9k +14,900
36 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 90,12990.1k $12.2m $12.2m 0.04% Reduced -7.6k -7,624
37 Miller Investment Management, LP 1.74% of their portfolio WEST CONSHOHOCKEN, PA 90,12290.1k $12.2m $12.2m 1.74% Added +86.5k +86,509
38 CUMBERLAND ADVISORS INC 5.07% of their portfolio SARASOTA, FL 86,98387.0k $11.8m $11.8m 5.07% Added +35.5k +35,493
39 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 86,70086.7k $11.8m $11.8m 0.02% Added +841 +841
40 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 84,18284.2k $11.4m $11.4m 0.05% Reduced -3.5k -3,507
41 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 78,92178.9k $10.7m $10.7m 0.04% Added +61.5k +61,530
42 MMBG INVESTMENT ADVISORS CO. 1.26% of their portfolio MIAMI, FL 78,55078.5k $10.7m $10.7m 1.26% Added +495 +495
43 PEAPACK GLADSTONE FINANCIAL CORP 0.18% of their portfolio BEDMINSTER, NJ 76,83976.8k $10.4m $10.4m 0.18% Reduced -974 -974
44 LMR Partners LLP 0.26% of their portfolio LONDON, X0 76,59376.6k $10.4m $10.4m 0.26% New
45 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 75,63175.6k $10.3m $10.3m 0.03% Added +38.2k +38,214
46 Gateway Advisory, LLC 1.89% of their portfolio WESTFIELD, NJ 72,35172.4k $9.8m $9.8m 1.89% New
47 APPLETON PARTNERS INC/MA 0.79% of their portfolio BOSTON, MA 72,06272.1k $9.8m $9.8m 0.79% Added +2.1k +2,136
48 FACTORY MUTUAL INSURANCE CO 0.12% of their portfolio WALTHAM, MA 71,00071.0k $9.6m $9.6m 0.12% Unchanged
49 Williams Jones Wealth Management, LLC. 0.13% of their portfolio NEW YORK, NY 70,30270.3k $9.6m $9.6m 0.13% Reduced -29.0k -29,010
50 GYL Financial Synergies, LLC 0.78% of their portfolio West Hartford, CT 69,44969.4k $9.4m $9.4m 0.78% Reduced -1.4k -1,403
51 INVESTMENT HOUSE LLC 0.66% of their portfolio REDONDO BEACH, CA 68,94668.9k $9.4m $9.4m 0.66% Reduced -2.1k -2,138
52 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 68,58468.6k $9.3m $9.3m 0.04% Reduced -13.3k -13,284
53 McGuire Investment Group, LLC 1.52% of their portfolio WAKEFIELD, RI 66,94866.9k $9.1m $9.1m 1.52% Added +3.3k +3,326
54 Destiny Wealth Partners, LLC 1.69% of their portfolio TAVARES, FL 65,83065.8k $9.0m $9.0m 1.69% Added +3.3k +3,260
55 RAELIPSKIE PARTNERSHIP 5.43% of their portfolio WATERLOO, A6 65,64365.6k $8.9m $8.9m 5.43% First filing
56 FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC 0.97% of their portfolio WASHINGTON, DC 65,38665.4k $8.9m $8.9m 0.97% Reduced -2.4k -2,444
57 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 64,93464.9k $8.8m $8.8m 0.02% Reduced -1.1k -1,137
58 EVERGREEN CAPITAL MANAGEMENT LLC 0.34% of their portfolio Bellevue, WA 62,07662.1k $8.4m $8.4m 0.34% Reduced -4.9k -4,898
59 Beacon Pointe Advisors, LLC 0.10% of their portfolio NEWPORT BEACH, CA 59,77859.8k $8.1m $8.1m 0.10% Reduced -2.3k -2,320
60 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 59,76759.8k $8.1m $8.1m 0.03% Added +12.1k +12,107
61 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 57,72657.7k $7.8m $7.8m 0.00% Reduced -13.2k -13,231
62 MAI Capital Management 0.10% of their portfolio INDEPENDENCE, OH 57,56357.6k $7.8m $7.8m 0.10% Reduced -6.7k -6,679
63 Paloma Partners Management Co 1.27% of their portfolio GREENWICH, CT 56,95857.0k $7.7m $7.7m 1.27% New
64 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 56,29556.3k $7.6m $7.6m 0.04% New
65 SP Asset Management LLC 0.78% of their portfolio CUPERTINO, CA 55,84755.8k $7.6m $7.6m 0.78% Added +4.8k +4,811
66 Prime Capital Investment Advisors, LLC 0.11% of their portfolio OVERLAND PARK, KS 53,90953.9k $7.3m $7.3m 0.11% Added +15.0k +15,019
67 NTV Asset Management LLC 1.21% of their portfolio Charleston, WV 52,99653.0k $7.2m $7.2m 1.21% Reduced -2.4k -2,404
68 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 52,97953.0k $7.2m $7.2m 0.02% Reduced -2.4k -2,399
69 Tradition Wealth Management, LLC 0.75% of their portfolio EDINA, MN 52,80052.8k $7.2m $7.2m 0.75% Added +3.5k +3,537
70 Blume Capital Management, Inc. 1.91% of their portfolio BERKELEY, CA 52,78652.8k $7.2m $7.2m 1.91% Reduced -765 -765
71 Crescent Grove Advisors, LLC 0.79% of their portfolio LAKE FOREST, IL 52,23852.2k $7.1m $7.1m 0.79% Reduced -5.7k -5,683
72 Pacific Capital Wealth Advisors, Inc. 1.78% of their portfolio CORONA, CA 51,74451.7k $7.0m $7.0m 1.78% Reduced -12.0k -11,951
73 GTS SECURITIES LLC 0.15% of their portfolio NEW YORK, NY 50,18550.2k $6.8m $6.8m 0.15% Reduced -267 -267
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 47,77747.8k $6.5m $6.5m 0.01% Reduced -36.1k -36,143
75 NEVILLE RODIE & SHAW INC 0.53% of their portfolio NEW YORK, NY 47,63847.6k $6.5m $6.5m 0.53% Reduced -1 -1
76 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 45,13945.1k $6.1m $6.1m 0.02% Reduced -608 -608
77 Colonial Trust Advisors 0.64% of their portfolio SPARTANBURG, SC 44,59444.6k $6.1m $6.1m 0.64% Reduced -1.6k -1,590
78 Howard Capital Management Group, LLC 0.52% of their portfolio Los Angeles, CA 44,45144.5k $6.0m $6.0m 0.52% Reduced -570 -570
79 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 43,98944.0k $6.0m $6.0m 0.05% Reduced -6.7k -6,668
80 Aberdeen Group plc 0.01% of their portfolio EDINBURGH, X0 43,63443.6k $5.9m $5.9m 0.01% New
81 Michelson Medical Research Foundation, Inc. 3.89% of their portfolio Los Angeles, CA 43,39543.4k $5.9m $5.9m 3.89% Unchanged
82 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 42,64942.6k $5.8m $5.8m 0.03% Reduced -20.4k -20,420
83 First Interstate Bank 0.43% of their portfolio Billings, MT 42,42842.4k $5.8m $5.8m 0.43% Reduced -1.1k -1,059
84 FORBES J M & CO LLP 0.66% of their portfolio Boston, MA 41,55941.6k $5.6m $5.6m 0.66% Added +697 +697
85 Atria Wealth Solutions, Inc. 0.07% of their portfolio NEW YORK, NY 40,98141.0k $5.6m $5.6m 0.07% Reduced -2.1k -2,115
86 Associated Banc-Corp 0.19% of their portfolio Green Bay, WI 40,65540.7k $5.5m $5.5m 0.19% Reduced -564 -564
87 HARBOUR INVESTMENT MANAGEMENT LLC 2.87% of their portfolio EDMONDS, WA 40,42040.4k $5.5m $5.5m 2.87% Reduced -300 -300
88 Rye Brook Capital LLC 3.12% of their portfolio GREENWICH, CT 40,00040.0k $5.4m $5.4m 3.12% Reduced -900 -900
89 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 39,02439.0k $5.3m $5.3m 0.01% Reduced -5.3k -5,281
90 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 38,48438.5k $5.2m $5.2m 0.05% Added +1.3k +1,340
91 FRG Family Wealth Advisors LLC 1.05% of their portfolio BELLEVUE, WA 37,98038.0k $5.2m $5.2m 1.05% Reduced -1.0k -1,015
92 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 37,93937.9k $5.2m $5.2m 0.04% Reduced -1.7k -1,690
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 37,44437.4k $5.1m $5.1m 0.01% Reduced -1.6k -1,587
94 Mariner, LLC 0.01% of their portfolio Overland Park, KS 34,89934.9k $4.7m $4.7m 0.01% Added +644 +644
95 Alpha Family Trust 3.17% of their portfolio Los Angeles, CA 34,60834.6k $4.7m $4.7m 3.17% Added +40 +40
96 Analyst IMS Investment Management Services Ltd. 0.24% of their portfolio Tel-aviv, L3 33,75833.8k $4.6m $4.6m 0.24% Unchanged
97 OPPENHEIMER & CO INC 0.08% of their portfolio NEW YORK, NY 33,21533.2k $4.5m $4.5m 0.08% Added +1.3k +1,273
98 Chesley Taft & Associates LLC 0.25% of their portfolio CHICAGO, IL 32,25232.3k $4.4m $4.4m 0.25% Reduced -182 -182
99 TOTH FINANCIAL ADVISORY CORP 0.59% of their portfolio LEESBURG, VA 32,18732.2k $4.4m $4.4m 0.59% Reduced -528 -528
100 FAGAN ASSOCIATES, INC. 0.93% of their portfolio TROY, NY 31,47631.5k $4.3m $4.3m 0.93% Reduced -834 -834