Vault-13

ISHARES TR IBB

ISHARES BIOTECH · ETP · CUSIP 464287556 · ISIN US4642875565

839 institutional holders -41 vs Q4 2024
31,171,99931.2m shares reported held*
$4.0bnreported value*
41 new 198 added 362 reduced 78 sold out net sold ≈ $409.3m (-3.2m 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. Holder counts are more reliable. Implied quarter-end price ≈ $127.81. Options: 13 managers hold calls ($292.6m notional), 16 hold puts ($630.3m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 830Q4 22: 905Q1 23: 867Q2 23: 845Q3 23: 837Q4 23: 878Q1 24: 903Q2 24: 902Q3 24: 898Q4 24: 880Q1 25: 839839Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022830
Q4 2022905
Q1 2023867
Q2 2023845
Q3 2023837
Q4 2023878
Q1 2024903
Q2 2024902
Q3 2024898
Q4 2024880
Q1 2025839

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 23: 247 bought or addedQ2 23: 374 cut or sold outQ3 23: 223 bought or addedQ3 23: 399 cut or sold outQ3 23Q4 23: 260 bought or addedQ4 23: 451 cut or sold outQ1 24: 341 bought or addedQ1 24: 378 cut or sold outQ1 24Q2 24: 264 bought or addedQ2 24: 398 cut or sold outQ3 24: 310 bought or addedQ3 24: 396 cut or sold outQ3 24Q4 24: 280 bought or addedQ4 24: 437 cut or sold outQ1 25: 239 bought or addedQ1 25: 440 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023247374
Q3 2023223399
Q4 2023260451
Q1 2024341378
Q2 2024264398
Q3 2024310396
Q4 2024280437
Q1 2025239440

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ2 24 calls: $301.2mQ2 24 puts: $1.3bnQ2 24P/C 4.23Q3 24 calls: $496.2mQ3 24 puts: $810.4mQ3 24P/C 1.63Q4 24 calls: $424.4mQ4 24 puts: $828.6mQ4 24P/C 1.95Q1 25 calls: $292.6mQ1 25 puts: $630.3mQ1 25P/C 2.15
Numbers
QuarterCallsPutsP/C
Q2 2024$301.2m$1.3bn4.23
Q3 2024$496.2m$810.4m1.63
Q4 2024$424.4m$828.6m1.95
Q1 2025$292.6m$630.3m2.15

Biggest buyers

CITIGROUP INC Added +1,351,276+1.4m
UBS Group AG Added +313,404+313.4k
WELLS FARGO & COMPANY/MN Added +204,332+204.3k
JPMORGAN CHASE & CO Added +163,798+163.8k
Squarepoint Ops LLC Added +66,702+66.7k
D. E. Shaw & Co., Inc. New +54,801+54.8k
Madrona Financial Services, LLC Added +49,075+49.1k
Corient Private Wealth LP Added +45,010+45.0k
TWO SIGMA INVESTMENTS, LP Added +43,200+43.2k
BARCLAYS PLC Added +41,948+41.9k

Biggest sellers

JANE STREET GROUP, LLC Reduced -1,699,033-1.7m
MORGAN STANLEY Reduced -674,423-674.4k
BANK OF AMERICA CORP /DE/ Reduced -522,021-522.0k
ROYAL BANK OF CANADA Reduced -441,817-441.8k
BlackRock, Inc. Reduced -395,433-395.4k
GOLDMAN SACHS GROUP INC Reduced -327,035-327.0k
MILLENNIUM MANAGEMENT LLC Reduced -150,107-150.1k
STATE OF MICHIGAN RETIREMENT SYSTEM Sold out -137,000-137.0k
Focus Partners Wealth Reduced -132,634-132.6k
MIRAE ASSET SECURITIES (USA) INC. Sold out -100,248-100.2k

Biggest calls

PEAK6 LLC Reduced $186.3m1.5m shares
CITADEL ADVISORS LLC Reduced $37.8m295.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $37.0m289.6k shares
JANE STREET GROUP, LLC Added $7.2m56.5k shares
WOLVERINE TRADING, LLC Reduced $6.6m50.9k shares
J. Goldman & Co LP Added $5.1m40.0k shares
CAPITAL FUND MANAGEMENT S.A. Added $4.7m36.6k shares
BARCLAYS PLC Unchanged $2.6m20.6k shares
Parallax Volatility Advisers, L.P. Reduced $2.3m17.8k shares
Balyasny Asset Management L.P. Reduced $1.5m11.5k shares

Biggest puts

FARALLON CAPITAL MANAGEMENT, L.L.C. Unchanged $460.4m3.6m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $105.1m822.0k shares
CITADEL ADVISORS LLC Reduced $25.0m195.1k shares
BANK OF AMERICA CORP /DE/ New $6.4m50.0k shares
WOLVERINE TRADING, LLC Reduced $5.9m45.2k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $5.5m42.9k shares
JANE STREET GROUP, LLC Added $4.8m37.8k shares
J. Goldman & Co LP Added $3.8m29.4k shares
PEAK6 LLC Reduced $3.2m25.3k shares
BARCLAYS PLC Reduced $2.6m20.6k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 6,967,4067.0m $891.1m $891.1m 0.08% Reduced -522.0k -522,021
2 CITIGROUP INC 0.31% of their portfolio NEW YORK, NY 3,208,1443.2m $410.3m $410.3m 0.31% Added +1.4m +1,351,276
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 2,803,1742.8m $358.5m $358.5m 0.03% Reduced -674.4k -674,423
4 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,415,1301.4m $181.0m $181.0m 0.04% Added +313.4k +313,404
5 BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio PARIS, I0 915,607915.6k $117.1m $117.1m 0.09% First filing
6 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 884,128884.1k $113.1m $113.1m 0.03% Added +204.3k +204,332
7 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.23% of their portfolio TORONTO, A6 800,000800.0k $102.3m $102.3m 0.23% Unchanged
8 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 764,355764.4k $97.8m $97.8m 0.02% Reduced -441.8k -441,817
9 BARCLAYS PLC 0.04% of their portfolio LONDON, X0 720,665720.7k $92.2m $92.2m 0.04% Added +41.9k +41,948
10 Main Management ETF Advisors, LLC 3.81% of their portfolio SAN FRANCISCO, CA 612,180612.2k $78.3m $78.3m 3.81% Unchanged
11 COMMERCE BANK 0.49% of their portfolio KANSAS CITY, MO 599,700599.7k $76.7m $76.7m 0.49% Reduced -26.6k -26,631
12 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 529,604529.6k $67.7m $67.7m 0.01% Reduced -327.0k -327,035
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 478,196478.2k $61.2m $61.2m 0.00% Added +163.8k +163,798
14 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 403,863403.9k $51.7m $51.7m 0.02% Reduced -15.7k -15,734
15 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 351,200351.2k $44.9m $44.9m 0.02% Reduced -64.9k -64,881
16 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 334,588334.6k $42.8m $42.8m 0.02% Reduced -12.2k -12,156
17 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 277,807277.8k $35.5m $35.5m 0.08% Added +43.2k +43,200
18 Bronte Capital Management Pty Ltd. 3.19% of their portfolio Bondi Junction, C3 262,399262.4k $39.3m $39.3m 3.19% Reduced -2.2k -2,187
19 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 256,164256.2k $32.8m $32.8m 0.06% Reduced -1.7m -1,699,033
20 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 194,516194.5k $24.9m $24.9m 0.04% Added +20.9k +20,915
21 Gray Foundation 6.58% of their portfolio Cohoes, NY 164,872164.9k $21.1m $21.1m 6.58% Unchanged
22 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 143,331143.3k $18.3m $18.3m 0.05% Added +1.5k +1,480
23 CAPITAL FUND MANAGEMENT S.A. 0.23% of their portfolio PARIS, I0 141,186141.2k $18.1m $18.1m 0.23% Added +23.9k +23,912
24 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 133,938133.9k $17.1m $17.1m 0.02% Reduced -5.9k -5,898
25 Avalon Trust Co 1.29% of their portfolio SANTA FE, NM 127,045127.0k $16.2m $16.2m 1.29% Reduced -848 -848
26 ALBION FINANCIAL GROUP /UT 1.12% of their portfolio SALT LAKE CITY, UT 123,821123.8k $15.8m $15.8m 1.12% Reduced -4.9k -4,877
27 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 120,344120.3k $15.4m $15.4m 0.03% Added +45.0k +45,010
28 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 118,135118.1k $15.1m $15.1m 0.00% Reduced -34.0k -34,026
29 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 114,050114.0k $14.6m $14.6m 0.04% Reduced -132.6k -132,634
30 Aprio Wealth Management, LLC 1.76% of their portfolio ATLANTA, GA 110,088110.1k $14.1m $14.1m 1.76% Reduced -29.7k -29,659
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 105,933105.9k $13.5m $13.5m 0.02% Added +17.7k +17,743
32 CANADA LIFE ASSURANCE Co 0.02% of their portfolio WINNIPEG, A2 102,653102.7k $13.2m $13.2m 0.02% Reduced -5.4k -5,440
33 DAFNA Capital Management LLC 3.72% of their portfolio LOS ANGELES, CA 102,500102.5k $13.1m $13.1m 3.72% Unchanged
34 MAI Capital Management 0.10% of their portfolio INDEPENDENCE, OH 98,15898.2k $12.6m $12.6m 0.10% Added +3.9k +3,923
35 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 97,95698.0k $12.6m $12.6m 0.03% Added +31.4k +31,357
36 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 91,33691.3k $11.7m $11.7m 0.03% Reduced -14.3k -14,329
37 Generali Investments CEE, investicni spolecnost, a.s. 1.03% of their portfolio PRAGUE, 2N 86,00086.0k $11.0m $11.0m 1.03% Unchanged
38 INVESTMENT HOUSE LLC 0.62% of their portfolio REDONDO BEACH, CA 85,65685.7k $11.0m $11.0m 0.62% Added +2.7k +2,675
39 Miller Investment Management, LP 1.16% of their portfolio WEST CONSHOHOCKEN, PA 82,06482.1k $10.5m $10.5m 1.16% Reduced -376 -376
40 Madrona Financial Services, LLC 2.85% of their portfolio EVERETT, WA 81,15081.2k $10.4m $10.4m 2.85% Added +49.1k +49,075
41 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 80,51080.5k $10.3m $10.3m 0.01% Reduced -545 -545
42 APPLETON PARTNERS INC/MA 0.77% of their portfolio BOSTON, MA 78,38278.4k $10.0m $10.0m 0.77% Added +2.6k +2,579
43 CUMBERLAND ADVISORS INC 4.26% of their portfolio SARASOTA, FL 73,44373.4k $9.4m $9.4m 4.26% Reduced -630 -630
44 GTS SECURITIES LLC 0.40% of their portfolio NEW YORK, NY 72,37672.4k $9.3m $9.3m 0.40% Added +25.7k +25,656
45 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 71,99672.0k $9.2m $9.2m 0.02% Added +66.7k +66,702
46 FACTORY MUTUAL INSURANCE CO 0.11% of their portfolio WALTHAM, MA 71,00071.0k $9.1m $9.1m 0.11% Unchanged
47 Destiny Wealth Partners, LLC 1.42% of their portfolio TAVARES, FL 69,86569.9k $8.9m $8.9m 1.42% Added +4.4k +4,358
48 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 67,62667.6k $8.6m $8.6m 0.01% Added +1.2k +1,161
49 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 67,58067.6k $8.6m $8.6m 0.03% Reduced -1.6k -1,650
50 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 65,05365.1k $8.3m $8.3m 0.03% Added +81 +81
51 FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC 0.92% of their portfolio WASHINGTON, DC 64,11264.1k $8.2m $8.2m 0.92% Reduced -1.1k -1,148
52 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 63,00063.0k $347.5k $347.5k 0.00% Added +24.0k +24,000
53 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 62,92162.9k $8.0m $8.0m 0.02% Reduced -2.4k -2,384
54 PEAPACK GLADSTONE FINANCIAL CORP 0.12% of their portfolio BEDMINSTER, NJ 62,31562.3k $8.0m $8.0m 0.12% Reduced -1.9k -1,944
55 McGuire Investment Group, LLC 1.14% of their portfolio WAKEFIELD, RI 59,75259.8k $7.6m $7.6m 1.14% Reduced -7.6k -7,600
56 Tradition Wealth Management, LLC 0.65% of their portfolio EDINA, MN 57,81757.8k $7.4m $7.4m 0.65% Added +2.0k +1,967
57 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 56,84956.8k $7.3m $7.3m 0.01% Reduced -27.1k -27,095
58 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 54,80154.8k $7.0m $7.0m 0.01% New
59 NTV Asset Management LLC 0.93% of their portfolio Charleston, WV 54,43354.4k $7.0m $7.0m 0.93% Added +125 +125
60 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 53,02853.0k $6.8m $6.8m 0.00% Reduced -3.9k -3,941
61 SP Asset Management LLC 0.58% of their portfolio CUPERTINO, CA 51,19051.2k $6.5m $6.5m 0.58% Reduced -1.8k -1,846
62 Blume Capital Management, Inc. 1.46% of their portfolio BERKELEY, CA 51,16951.2k $6.5m $6.5m 1.46% Reduced -340 -340
63 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 50,45750.5k $6.5m $6.5m 0.02% Reduced -13.8k -13,808
64 Beacon Pointe Advisors, LLC 0.07% of their portfolio NEWPORT BEACH, CA 50,07550.1k $6.4m $6.4m 0.07% Added +4.4k +4,356
65 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 49,06749.1k $6.3m $6.3m 0.01% Reduced -1.9k -1,887
66 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 45,68645.7k $5.8m $5.8m 0.01% Reduced -7.2k -7,201
67 Sicart Associates LLC 2.01% of their portfolio NEW YORK, NY 45,50345.5k $5.8m $5.8m 2.01% Reduced -538 -538
68 NEVILLE RODIE & SHAW INC 0.46% of their portfolio NEW YORK, NY 45,47445.5k $5.8m $5.8m 0.46% Reduced -1.3k -1,288
69 Michelson Medical Research Foundation, Inc. 4.64% of their portfolio Los Angeles, CA 43,39543.4k $5.6m $5.6m 4.64% Unchanged
70 Williams Jones Wealth Management, LLC. 0.07% of their portfolio NEW YORK, NY 43,10843.1k $5.5m $5.5m 0.07% Reduced -4.3k -4,294
71 Associated Banc-Corp 0.17% of their portfolio Green Bay, WI 43,08243.1k $5.5m $5.5m 0.17% Added +279 +279
72 FORBES J M & CO LLP 0.53% of their portfolio Boston, MA 42,98743.0k $5.5m $5.5m 0.53% Added +1.7k +1,725
73 MMBG INVESTMENT ADVISORS CO. 0.61% of their portfolio MIAMI, FL 42,34942.3k $5.4m $5.4m 0.61% Added +25 +25
74 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 41,92141.9k $5.4m $5.4m 0.01% Added +1.2k +1,160
75 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 41,67641.7k $5.3m $5.3m 0.01% Reduced -150.1k -150,107
76 HARBOUR INVESTMENT MANAGEMENT LLC 2.38% of their portfolio EDMONDS, WA 41,14941.1k $5.3m $5.3m 2.38% Reduced -330 -330
77 Howard Capital Management Group, LLC 0.40% of their portfolio Los Angeles, CA 39,66739.7k $5.1m $5.1m 0.40% Reduced -3.8k -3,845
78 TOTH FINANCIAL ADVISORY CORP 0.61% of their portfolio LEESBURG, VA 39,60239.6k $5.1m $5.1m 0.61% Added +331 +331
79 Colonial Trust Advisors 0.43% of their portfolio SPARTANBURG, SC 38,22438.2k $4.9m $4.9m 0.43% Reduced -1.4k -1,418
80 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 38,17738.2k $4.9m $4.9m 0.02% Added +703 +703
81 SOL Capital Management CO 0.53% of their portfolio ROCKVILLE, MD 37,88037.9k $4.8m $4.8m 0.53% Added +5.9k +5,925
82 First Interstate Bank 0.29% of their portfolio Billings, MT 37,37737.4k $4.8m $4.8m 0.29% Reduced -2.3k -2,272
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 36,54736.5k $4.7m $4.7m 0.00% Reduced -1.9k -1,893
84 FRG Family Wealth Advisors LLC 0.85% of their portfolio BELLEVUE, WA 34,37134.4k $4.4m $4.4m 0.85% Reduced -2.4k -2,384
85 OPPENHEIMER & CO INC 0.07% of their portfolio NEW YORK, NY 34,36334.4k $4.4m $4.4m 0.07% Reduced -13.0k -12,998
86 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 33,81733.8k $4.3m $4.3m 0.03% Added +1.6k +1,580
87 Analyst IMS Investment Management Services Ltd. 0.17% of their portfolio Tel-aviv, L3 33,75833.8k $4.3m $4.3m 0.17% Unchanged
88 Mariner, LLC 0.01% of their portfolio Overland Park, KS 33,67333.7k $4.3m $4.3m 0.01% Reduced -1.4k -1,437
89 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 33,58933.6k $4.3m $4.3m 0.03% Reduced -2.2k -2,249
90 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 32,50732.5k $4.2m $4.2m 0.00% Added +201 +201
91 Crescent Grove Advisors, LLC 0.43% of their portfolio LAKE FOREST, IL 32,40232.4k $4.1m $4.1m 0.43% Reduced -1.9k -1,944
92 Ameritas Advisory Services, LLC 0.16% of their portfolio Lincoln, NE 30,87630.9k $4.0m $4.0m 0.16% Added +1.8k +1,782
93 Mirador Capital Partners LP 0.69% of their portfolio PLEASANTON, CA 30,62630.6k $3.9m $3.9m 0.69% Added +928 +928
94 Moors & Cabot, Inc. 0.19% of their portfolio BOSTON, MA 29,05329.1k $3.7m $3.7m 0.19% Added +558 +558
95 EVERGREEN CAPITAL MANAGEMENT LLC 0.12% of their portfolio Bellevue, WA 28,75328.8k $3.7m $3.7m 0.12% Reduced -2.3k -2,283
96 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 28,36628.4k $3.6m $3.6m 0.03% Added +46 +46
97 NBT BANK, N.A. 0.26% of their portfolio NORWICH, NY 28,29128.3k $3.6m $3.6m 0.26% Reduced -689 -689
98 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 27,56127.6k $3.5m $3.5m 0.02% Reduced -1.2k -1,234
99 Chesley Taft & Associates LLC 0.16% of their portfolio CHICAGO, IL 26,61326.6k $3.4m $3.4m 0.16% Reduced -85 -85
100 Audent Global Asset Management, LLC 2.70% of their portfolio West Hollywood, CA 25,55225.6k $3.3m $3.3m 2.70% Reduced -1.9k -1,892