Vault-13

ISHARES TR IBB

ISHARES BIOTECH · ETP · CUSIP 464287556 · ISIN US4642875565

957 institutional holders +32 vs Q1 2026
40,089,89840.1m shares reported held*
$7.6bnreported value*
103 new 252 added 315 reduced 71 sold out net sold ≈ $325.4m (-1.7m 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 ($6.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $189.90. Options: 12 managers hold calls ($292.2m notional), 14 hold puts ($149.7m).

Trends to Q2 2026

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: 839Q2 25: 801Q3 25: 804Q4 25: 960Q1 26: 925Q2 26: 957957Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022830
Q4 2022905
Q1 2023867
Q2 2023845
Q3 2023837
Q4 2023878
Q1 2024903
Q2 2024902
Q3 2024898
Q4 2024880
Q1 2025839
Q2 2025801
Q3 2025804
Q4 2025960
Q1 2026925
Q2 2026957

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q3 24: 310 bought or addedQ3 24: 396 cut or sold outQ4 24: 280 bought or addedQ4 24: 437 cut or sold outQ4 24Q1 25: 239 bought or addedQ1 25: 440 cut or sold outQ2 25: 185 bought or addedQ2 25: 433 cut or sold outQ2 25Q3 25: 236 bought or addedQ3 25: 391 cut or sold outQ4 25: 443 bought or addedQ4 25: 266 cut or sold outQ4 25Q1 26: 324 bought or addedQ1 26: 384 cut or sold outQ2 26: 355 bought or addedQ2 26: 386 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024310396
Q4 2024280437
Q1 2025239440
Q2 2025185433
Q3 2025236391
Q4 2025443266
Q1 2026324384
Q2 2026355386

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ3 25 calls: $205.4mQ3 25 puts: $257.0mQ3 25P/C 1.25Q4 25 calls: $291.1mQ4 25 puts: $260.0mQ4 25P/C 0.89Q1 26 calls: $102.3mQ1 26 puts: $193.1mQ1 26P/C 1.89Q2 26 calls: $292.2mQ2 26 puts: $149.7mQ2 26P/C 0.51
Numbers
QuarterCallsPutsP/C
Q3 2025$205.4m$257.0m1.25
Q4 2025$291.1m$260.0m0.89
Q1 2026$102.3m$193.1m1.89
Q2 2026$292.2m$149.7m0.51

Biggest buyers

TWO SIGMA INVESTMENTS, LP Added +1,030,300+1.0m
MORGAN STANLEY Added +547,510+547.5k
WELLS FARGO & COMPANY/MN Added +175,298+175.3k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +130,000+130.0k
Itau Unibanco Holding S.A. New +98,876+98.9k
ExodusPoint Capital Management, LP New +96,038+96.0k
BARCLAYS PLC Added +75,511+75.5k
LPL Financial LLC Added +64,406+64.4k
Horizon Wealth Management, LLC Added +58,551+58.6k
Parker Investment Management, LLC New +54,803+54.8k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,830,764-1.8m
Thrivent Financial for Lutherans Reduced -564,194-564.2k
BANK OF AMERICA CORP /DE/ Reduced -384,370-384.4k
CITIGROUP INC Reduced -361,980-362.0k
D. E. Shaw & Co., Inc. Reduced -320,085-320.1k
BNP PARIBAS FINANCIAL MARKETS Reduced -211,628-211.6k
Cornerstone Advisors, LLC Sold out -148,027-148.0k
McElhenny Sheffield Capital Management, LLC Sold out -142,013-142.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -104,009-104.0k
GOLDMAN SACHS GROUP INC Reduced -99,629-99.6k

Biggest calls

PEAK6 LLC Added $157.9m830.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $68.9m362.2k shares
CITADEL ADVISORS LLC Added $31.1m163.5k shares
JANE STREET GROUP, LLC Added $15.6m82.1k shares
Caption Management, LLC New $5.6m29.2k shares
BARCLAYS PLC Unchanged $5.2m27.4k shares
Volterra Technologies LP Reduced $3.6m19.0k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $2.0m10.3k shares
Walleye Trading LLC Added $1.0m5.5k shares
SYMMETRY PEAK MANAGEMENT LLC New $665.7k3.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $79.6m418.6k shares
JANE STREET GROUP, LLC Added $20.7m109.0k shares
CITADEL ADVISORS LLC Reduced $16.9m88.7k shares
J. Goldman & Co LP New $6.6m34.9k shares
Caption Management, LLC New $6.6m34.9k shares
Twin Tree Management, LP New $4.5m23.5k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $3.9m20.5k shares
Volterra Technologies LP Reduced $2.9m15.1k shares
UBS Group AG New $2.9m15.0k shares
ROYAL BANK OF CANADA New $2.5m13.4k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 6,875,1316.9m $1.3bn $1.3bn 0.08% Reduced -384.4k -384,370
2 CITIGROUP INC 0.42% of their portfolio NEW YORK, NY 4,760,7094.8m $905.4m $905.4m 0.42% Reduced -362.0k -361,980
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,320,9773.3m $631.6m $631.6m 0.03% Added +547.5k +547,510
4 BNP PARIBAS FINANCIAL MARKETS 0.22% of their portfolio PARIS, I0 2,217,9392.2m $421.8m $421.8m 0.22% Reduced -211.6k -211,628
5 TWO SIGMA INVESTMENTS, LP 0.23% of their portfolio NEW YORK, NY 1,588,1071.6m $302.0m $302.0m 0.23% Added +1.0m +1,030,300
6 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,176,1771.2m $223.7m $223.7m 0.02% Reduced -99.6k -99,629
7 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 1,122,6591.1m $213.5m $213.5m 0.05% Reduced -104.0k -104,009
8 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 1,050,5941.1m $199.8m $199.8m 0.05% Added +20.9k +20,885
9 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,029,6431.0m $195.8m $195.8m 0.03% Added +175.3k +175,298
10 COMMERCE BANK 0.76% of their portfolio KANSAS CITY, MO 909,315909.3k $172.9m $172.9m 0.76% Added +27.7k +27,683
11 UBS Group AG 0.03% of their portfolio ZURICH, V8 862,373862.4k $164.0m $164.0m 0.03% Added +48.1k +48,083
12 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 789,395789.4k $150.1m $150.1m 0.03% Added +64.4k +64,406
13 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 749,649749.6k $142.6m $142.6m 0.02% Added +12.5k +12,521
14 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.20% of their portfolio TORONTO, A6 726,000726.0k $138.1m $138.1m 0.20% Added +130.0k +130,000
15 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 677,353677.4k $128.8m $128.8m 0.15% Added +11.0k +11,010
16 WestEnd Advisors, LLC 2.78% of their portfolio CHARLOTTE, NC 655,852655.9k $124.7m $124.7m 2.78% Added +7.7k +7,749
17 Janney Montgomery Scott LLC 0.24% of their portfolio PHILADELPHIA, PA 653,390653.4k $124.3m $124.3m 0.24% Added +572 +572
18 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 630,190630.2k $119.6m $119.6m 0.01% Reduced -1.8m -1,830,764
19 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 526,245526.2k $100.1m $100.1m 0.03% Added +75.5k +75,511
20 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 314,505314.5k $59.8m $59.8m 0.03% Reduced -4.1k -4,083
21 Jefferies Financial Group Inc. 0.53% of their portfolio NEW YORK, NY 302,306302.3k $57.5m $57.5m 0.53% Reduced -1 -1
22 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 234,310234.3k $44.6m $44.6m 0.02% Added +8.1k +8,074
23 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 208,618208.6k $39.7m $39.7m 0.07% Reduced -564.2k -564,194
24 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 174,738174.7k $33.2m $33.2m 0.03% Added +17.4k +17,420
25 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 146,356146.4k $27.8m $27.8m 0.04% Added +9.4k +9,407
26 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 137,834137.8k $26.2m $26.2m 0.03% Added +5.5k +5,463
27 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 131,138131.1k $25.1m $25.1m 0.01% Added +16.1k +16,050
28 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 126,258126.3k $24.0m $24.0m 0.02% Added +2.9k +2,939
29 ALBION FINANCIAL GROUP /UT 1.32% of their portfolio SALT LAKE CITY, UT 119,635119.6k $22.8m $22.8m 1.32% Reduced -512 -512
30 Generali Investments CEE, investicni spolecnost, a.s. 1.05% of their portfolio PRAGUE, 2N 116,115116.1k $22.1m $22.1m 1.05% Unchanged
31 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 115,804115.8k $22.0m $22.0m 0.02% Reduced -12.7k -12,726
32 Erste Asset Management GmbH 0.13% of their portfolio VIENNA, C4 102,330102.3k $17.3m $17.3m 0.13% Unchanged
33 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 102,066102.1k $19.4m $19.4m 0.02% Added +7.0k +7,035
34 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 101,838101.8k $19.4m $19.4m 0.02% Added +39.8k +39,760
35 Itau Unibanco Holding S.A. 0.37% of their portfolio SAO PAULO, D5 98,87698.9k $18.8m $18.8m 0.37% New
36 INVESTMENT HOUSE LLC 0.83% of their portfolio REDONDO BEACH, CA 96,71596.7k $18.4m $18.4m 0.83% Reduced -939 -939
37 ExodusPoint Capital Management, LP 0.17% of their portfolio NEW YORK, NY 96,03896.0k $18.3m $18.3m 0.17% New
38 CANADA LIFE ASSURANCE Co 0.03% of their portfolio WINNIPEG, A2 88,08588.1k $16.7m $16.7m 0.03% Reduced -7.1k -7,080
39 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 87,60087.6k $16.7m $16.7m 0.02% Added +42.5k +42,453
40 MAI Capital Management 0.06% of their portfolio INDEPENDENCE, OH 86,70186.7k $16.5m $16.5m 0.06% Added +4.9k +4,869
41 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 85,62385.6k $16.3m $16.3m 0.03% Reduced -13.3k -13,344
42 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 85,28985.3k $16.2m $16.2m 0.03% Added +8.6k +8,579
43 APPLETON PARTNERS INC/MA 0.88% of their portfolio BOSTON, MA 75,35975.4k $14.3m $14.3m 0.88% Added +1.3k +1,349
44 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 72,87872.9k $13.9m $13.9m 0.01% Added +444 +444
45 FACTORY MUTUAL INSURANCE CO 0.13% of their portfolio WALTHAM, MA 71,00071.0k $13.5m $13.5m 0.13% Unchanged
46 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 68,97169.0k $13.1m $13.1m 0.01% Reduced -320.1k -320,085
47 Bronte Capital Management Pty Ltd. 1.41% of their portfolio Bondi Junction, C3 65,80765.8k $12.5m $12.5m 1.41% Reduced -3.5k -3,458
48 CUMBERLAND ADVISORS INC 4.29% of their portfolio SARASOTA, FL 64,01864.0k $12.2m $12.2m 4.29% Added +260 +260
49 NTV Asset Management LLC 1.19% of their portfolio Charleston, WV 63,98564.0k $12.2m $12.2m 1.19% Added +9.5k +9,521
50 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 63,69463.7k $12.1m $12.1m 0.01% Reduced -6.1k -6,069
51 Beacon Pointe Advisors, LLC 0.06% of their portfolio NEWPORT BEACH, CA 63,29763.3k $12.0m $12.0m 0.06% Added +1.2k +1,231
52 Tradition Wealth Management, LLC 0.72% of their portfolio EDINA, MN 62,18462.2k $11.8m $11.8m 0.72% Added +2.0k +2,023
53 FOLGER NOLAN FLEMING DOUGLAS CAPITAL MANAGEMENT, INC 0.95% of their portfolio WASHINGTON, DC 61,03061.0k $11.6m $11.6m 0.95% Reduced -467 -467
54 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 60,34560.3k $11.5m $11.5m 0.01% Added +47.1k +47,085
55 Horizon Wealth Management, LLC 1.46% of their portfolio LA GRANGE, IL 60,28560.3k $11.5m $11.5m 1.46% Added +58.6k +58,551
56 Apella Capital, LLC 0.16% of their portfolio WEST HARTFORD, CT 57,53057.5k $11.4m $11.4m 0.16% Reduced -410 -410
57 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 56,76356.8k $10.8m $10.8m 0.01% Reduced -631 -631
58 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 54,95055.0k $10.4m $10.4m 0.01% Added +10.5k +10,500
59 Parker Investment Management, LLC 1.26% of their portfolio Menlo Park, CA 54,80354.8k $10.4m $10.4m 1.26% New
60 BROWN ADVISORY INC 0.02% of their portfolio BALTIMORE, MD 54,79354.8k $10.4m $10.4m 0.02% Added +1.1k +1,090
61 CAPITAL FUND MANAGEMENT S.A. 0.07% of their portfolio PARIS, I0 53,14553.1k $10.1m $10.1m 0.07% Reduced -28.2k -28,153
62 Reyes Financial Architecture, Inc. 5.63% of their portfolio SAN DIEGO, CA 52,88552.9k $10.1m $10.1m 5.63% New
63 Waverly Advisors, LLC 0.06% of their portfolio BIRMINGHAM, AL 52,51552.5k $10.0m $10.0m 0.06% Added +29.5k +29,544
64 GFS Advisors, LLC 0.00% of their portfolio HOUSTON, TX 52,17552.2k $35.9k $35.9k 0.00% New
65 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 51,97452.0k $9.9m $9.9m 0.01% Added +34.6k +34,625
66 Sanctuary Advisors, LLC 0.05% of their portfolio INDIANAPOLIS, IN 51,50351.5k $9.8m $9.8m 0.05% Added +5.6k +5,622
67 Humankind Investments LLC 4.55% of their portfolio NEW YORK, NY 50,00050.0k $9.5m $9.5m 4.55% Unchanged
68 IFP Advisors, Inc 0.17% of their portfolio TAMPA, FL 49,98850.0k $9.5m $9.5m 0.17% Added +14.1k +14,115
69 PEAPACK GLADSTONE FINANCIAL CORP 0.11% of their portfolio BEDMINSTER, NJ 49,95150.0k $9.5m $9.5m 0.11% Reduced -1.5k -1,530
70 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 48,32148.3k $9.2m $9.2m 0.05% Added +10.4k +10,382
71 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 47,27847.3k $9.0m $9.0m 0.01% Added +40.3k +40,281
72 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 47,19547.2k $9.0m $9.0m 0.03% Reduced -266 -266
73 Henshaw Capital LLC 0.29% of their portfolio WOBURN, MA 47,00047.0k $8.9m $8.9m 0.29% Reduced -73.0k -73,000
74 L & S Advisors Inc 0.91% of their portfolio Los Angeles, CA 46,04446.0k $8.8m $8.8m 0.91% New
75 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 46,00446.0k $8.7m $8.7m 0.01% Reduced -24.9k -24,900
76 DAVENPORT & Co LLC 0.04% of their portfolio RICHMOND, VA 45,30045.3k $8.6m $8.6m 0.04% Reduced -3.4k -3,438
77 FORBES J M & CO LLP 0.65% of their portfolio Boston, MA 43,37143.4k $8.2m $8.2m 0.65% Reduced -316 -316
78 DAFNA Capital Management LLC 1.54% of their portfolio LOS ANGELES, CA 42,59542.6k $8.1m $8.1m 1.54% Reduced -19.5k -19,500
79 TOTH FINANCIAL ADVISORY CORP 0.78% of their portfolio LEESBURG, VA 42,26142.3k $8.0m $8.0m 0.78% Added +4.8k +4,762
80 NEVILLE RODIE & SHAW INC 0.52% of their portfolio NEW YORK, NY 42,00242.0k $8.0m $8.0m 0.52% Added +113 +113
81 Concurrent Investment Advisors, LLC 0.07% of their portfolio Tampa, FL 41,89941.9k $8.0m $8.0m 0.07% Added +1.6k +1,567
82 SP Asset Management LLC 0.63% of their portfolio CUPERTINO, CA 41,21341.2k $7.8m $7.8m 0.63% Reduced -360 -360
83 First Interstate Bank 0.40% of their portfolio Billings, MT 40,52640.5k $7.7m $7.7m 0.40% Reduced -556 -556
84 Summit Financial, LLC 0.08% of their portfolio PARSIPPANY, NJ 39,70839.7k $7.6m $7.6m 0.08% Reduced -8.5k -8,460
85 EQUITABLE TRUST CO 0.31% of their portfolio NASHVILLE, TN 39,64539.6k $7.5m $7.5m 0.31% Added +2.3k +2,347
86 MMBG INVESTMENT ADVISORS CO. 0.57% of their portfolio MIAMI, FL 37,63737.6k $7.2m $7.2m 0.57% Reduced -150 -150
87 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 35,44535.4k $6.7m $6.7m 0.00% Reduced -918 -918
88 BEARING POINT CAPITAL, LLC 0.91% of their portfolio BLOOMINGTON, MN 35,30435.3k $6.7m $6.7m 0.91% Added +85 +85
89 Michelson Medical Research Foundation, Inc. 6.17% of their portfolio Los Angeles, CA 35,09535.1k $6.7m $6.7m 6.17% Unchanged
90 Addison Capital Co 1.07% of their portfolio Conshohocken, PA 34,39734.4k $6.5m $6.5m 1.07% Added +1.4k +1,352
91 Williams Jones Wealth Management, LLC. 0.07% of their portfolio NEW YORK, NY 33,91733.9k $6.5m $6.5m 0.07% Reduced -1.3k -1,300
92 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 33,90133.9k $6.4m $6.4m 0.00% Added +5.2k +5,203
93 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 32,33632.3k $6.1m $6.1m 0.01% Reduced -20.2k -20,195
94 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 31,52831.5k $6.0m $6.0m 0.04% Reduced -1.5k -1,479
95 Colonial Trust Advisors 0.42% of their portfolio SPARTANBURG, SC 31,39231.4k $6.0m $6.0m 0.42% Reduced -555 -555
96 McCollum Christoferson Group LLC 1.72% of their portfolio AMHERST, NY 30,92430.9k $5.9m $5.9m 1.72% New
97 Aristides Capital LLC 1.48% of their portfolio LOUISVILLE, KY 30,40630.4k $5.8m $5.8m 1.48% New
98 Y-Intercept (Hong Kong) Ltd 0.11% of their portfolio HONG KONG, K3 30,28030.3k $5.8m $5.8m 0.11% New
99 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 29,84829.8k $5.3m $5.3m 0.01% Added +256 +256
100 Mariner, LLC 0.01% of their portfolio Overland Park, KS 29,54229.5k $5.6m $5.6m 0.01% Reduced -14.0k -14,021