Vault-13

ISHARES TR IWD

RUS 1000 VAL ETF · ETP · CUSIP 464287598

1,740 institutional holders +17 vs Q1 2025
260,764,001260.8m shares reported held*
$50.6bnreported value*
111 new 586 added 580 reduced 89 sold out net sold ≈ $1.4bn (-7.9m 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 ($114.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $194.22. Options: 6 managers hold calls ($138.4m notional), 6 hold puts ($1.1bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,324Q4 22: 1,464Q1 23: 1,413Q2 23: 1,427Q3 23: 1,448Q4 23: 1,561Q1 24: 1,543Q2 24: 1,525Q3 24: 1,586Q4 24: 1,739Q1 25: 1,723Q2 25: 1,7401,740Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20221,324
Q4 20221,464
Q1 20231,413
Q2 20231,427
Q3 20231,448
Q4 20231,561
Q1 20241,543
Q2 20241,525
Q3 20241,586
Q4 20241,739
Q1 20251,723
Q2 20251,740

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 492 bought or addedQ3 23: 584 cut or sold outQ4 23: 627 bought or addedQ4 23: 583 cut or sold outQ4 23Q1 24: 527 bought or addedQ1 24: 726 cut or sold outQ2 24: 562 bought or addedQ2 24: 630 cut or sold outQ2 24Q3 24: 638 bought or addedQ3 24: 576 cut or sold outQ4 24: 736 bought or addedQ4 24: 556 cut or sold outQ4 24Q1 25: 634 bought or addedQ1 25: 764 cut or sold outQ2 25: 697 bought or addedQ2 25: 669 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023492584
Q4 2023627583
Q1 2024527726
Q2 2024562630
Q3 2024638576
Q4 2024736556
Q1 2025634764
Q2 2025697669

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ3 24 calls: $113.2mQ3 24 puts: $123.7mQ3 24P/C 1.09Q4 24 calls: $241.6mQ4 24 puts: $202.0mQ4 24P/C 0.84Q1 25 calls: $114.4mQ1 25 puts: $1.1bnQ1 25P/C 9.68Q2 25 calls: $138.4mQ2 25 puts: $1.1bnQ2 25P/C 7.70
Numbers
QuarterCallsPutsP/C
Q3 2024$113.2m$123.7m1.09
Q4 2024$241.6m$202.0m0.84
Q1 2025$114.4m$1.1bn9.68
Q2 2025$138.4m$1.1bn7.70

Biggest buyers

ROYAL BANK OF CANADA Added +2,062,437+2.1m
Rockefeller Capital Management L.P. Added +1,125,107+1.1m
Baird Financial Group, Inc. Added +593,784+593.8k
WELLS FARGO & COMPANY/MN Added +371,477+371.5k
Independence Asset Advisors, LLC New +306,319+306.3k
Marquette Asset Management, LLC Added +298,107+298.1k
LPL Financial LLC Added +215,832+215.8k
NORTHERN TRUST CORP Added +205,139+205.1k
MJP ASSOCIATES INC /ADV New +181,897+181.9k
Advisor OS, LLC Added +179,650+179.7k

Biggest sellers

MORGAN STANLEY Reduced -2,589,088-2.6m
Alaska Permanent Fund Corp Sold out -1,875,445-1.9m
BlackRock, Inc. Reduced -1,192,379-1.2m
JP Wealth Management, Inc. Reduced -976,227-976.2k
Johns Hopkins University Reduced -812,817-812.8k
Corient Private Wealth LP Reduced -805,726-805.7k
ALLIANCEBERNSTEIN L.P. Reduced -797,857-797.9k
BANK OF AMERICA CORP /DE/ Reduced -751,744-751.7k
FRANKLIN RESOURCES INC Reduced -638,800-638.8k
JONES FINANCIAL COMPANIES LLLP Reduced -494,282-494.3k

Biggest calls

UBS Group AG Added $87.4m450.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $19.9m102.4k shares
CITADEL ADVISORS LLC Added $17.6m90.8k shares
JANE STREET GROUP, LLC Added $9.3m47.9k shares
Walleye Trading LLC Reduced $2.4m12.4k shares
Parallax Volatility Advisers, L.P. Reduced $1.8m9.2k shares

Biggest puts

Elliott Investment Management L.P. Reduced $971.1m5.0m shares
UBS Group AG Added $87.4m450.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.5m18.0k shares
Parallax Volatility Advisers, L.P. Reduced $1.9m9.7k shares
JANE STREET GROUP, LLC Added $1.6m8.0k shares
CITADEL ADVISORS LLC Reduced $893.5k4.6k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.78% of their portfolio CHARLOTTE, NC 49,816,82349.8m $9.7bn $9.7bn 0.78% Reduced -751.7k -751,744
2 MORGAN STANLEY 0.45% of their portfolio NEW YORK, NY 35,679,28135.7m $6.9bn $6.9bn 0.45% Reduced -2.6m -2,589,088
3 GOLDMAN SACHS GROUP INC 0.49% of their portfolio NEW YORK, NY 15,482,99615.5m $3.0bn $3.0bn 0.49% Reduced -146.7k -146,696
4 JPMORGAN CHASE & CO 0.12% of their portfolio NEW YORK, NY 9,153,0009.2m $1.8bn $1.8bn 0.12% Added +67.0k +67,043
5 FMR LLC 0.10% of their portfolio BOSTON, MA 8,841,6798.8m $1.7bn $1.7bn 0.10% Reduced -419.2k -419,241
6 Financial Engines Advisors L.L.C. 3.40% of their portfolio SANTA CLARA, CA 8,758,0718.8m $1.7bn $1.7bn 3.40% Reduced -1.0k -1,014
7 UBS Group AG 0.32% of their portfolio ZURICH, V8 7,814,2567.8m $1.5bn $1.5bn 0.32% Reduced -146.1k -146,116
8 ENVESTNET ASSET MANAGEMENT INC 0.37% of their portfolio Berwyn, PA 6,599,7846.6m $1.3bn $1.3bn 0.37% Added +57.7k +57,669
9 Baird Financial Group, Inc. 1.80% of their portfolio MILWAUKEE, WI 5,275,2825.3m $1.0bn $1.0bn 1.80% Added +593.8k +593,784
10 WELLS FARGO & COMPANY/MN 0.21% of their portfolio SAN FRANCISCO, CA 4,987,2825.0m $968.7m $968.7m 0.21% Added +371.5k +371,477
11 RAYMOND JAMES FINANCIAL INC 0.33% of their portfolio ST. PETERSBURG, FL 4,978,7915.0m $967.0m $967.0m 0.33% Added +76.9k +76,936
12 NORTHERN TRUST CORP 0.13% of their portfolio CHICAGO, IL 4,723,5084.7m $917.4m $917.4m 0.13% Added +205.1k +205,139
13 LPL Financial LLC 0.27% of their portfolio FORT MILL, SC 4,165,2254.2m $809.0m $809.0m 0.27% Added +215.8k +215,832
14 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 4,118,4324.1m $799.9m $799.9m 0.08% Added +2.1m +2,062,437
15 M&T Bank Corp 2.62% of their portfolio BUFFALO, NY 3,931,0293.9m $763.5m $763.5m 2.62% Added +126.9k +126,874
16 PNC Financial Services Group, Inc. 0.43% of their portfolio Pittsburgh, PA 3,412,7933.4m $662.9m $662.9m 0.43% Added +57.6k +57,638
17 SYNOVUS FINANCIAL CORP 7.69% of their portfolio Columbus, GA 3,236,1743.2m $628.6m $628.6m 7.69% Added +60.2k +60,240
18 Jasper Ridge Partners, L.P. 12.27% of their portfolio MENLO PARK, CA 2,524,6842.5m $490.4m $490.4m 12.27% Reduced -150.0k -150,000
19 PRUDENTIAL FINANCIAL INC 0.61% of their portfolio NEWARK, NJ 2,413,9072.4m $468.9m $468.9m 0.61% Reduced -233.7k -233,749
20 TRUIST FINANCIAL CORP 0.64% of their portfolio CHARLOTTE, NC 2,258,4112.3m $438.7m $438.7m 0.64% Reduced -42.4k -42,384
21 Rockefeller Capital Management L.P. 0.51% of their portfolio NEW YORK, NY 2,217,6002.2m $432.9m $432.9m 0.51% Added +1.1m +1,125,107
22 JONES FINANCIAL COMPANIES LLLP 0.30% of their portfolio DES PERES, MO 2,037,4472.0m $394.0m $394.0m 0.30% Reduced -494.3k -494,282
23 COMMONWEALTH EQUITY SERVICES, LLC 0.51% of their portfolio WALTHAM, MA 1,996,4212.0m $387.8m $387.8m 0.51% Reduced -93.0k -92,964
24 STIFEL FINANCIAL CORP 0.34% of their portfolio ST. LOUIS, MO 1,805,3921.8m $350.7m $350.7m 0.34% Reduced -87.1k -87,133
25 GLOBALT Investments LLC / GA 12.89% of their portfolio Atlanta, GA 1,732,1871.7m $336.4m $336.4m 12.89% Reduced -51.9k -51,866
26 CITIGROUP INC 0.18% of their portfolio NEW YORK, NY 1,317,3751.3m $255.9m $255.9m 0.18% Added +148.4k +148,422
27 Stairway Partners, LLC 14.21% of their portfolio MINNEAPOLIS, MN 1,289,5951.3m $250.5m $250.5m 14.21% Added +17.9k +17,873
28 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 1,222,2491.2m $238.0m $238.0m 0.06% Reduced -29.5k -29,483
29 TIAA TRUST, NATIONAL ASSOCIATION 0.59% of their portfolio CHARLOTTE, NC 1,172,8581.2m $227.2m $227.2m 0.59% Reduced -21.7k -21,699
30 Cetera Investment Advisers 0.37% of their portfolio SCHAUMBURG, IL 1,142,0101.1m $221.8m $221.8m 0.37% Reduced -39.8k -39,832
31 Pacific Life Fund Advisors LLC 23.04% of their portfolio NEWPORT BEACH, CA 1,106,7421.1m $215.0m $215.0m 23.04% Reduced -129.8k -129,782
32 COMERICA BANK 0.76% of their portfolio DALLAS, TX 1,006,2511.0m $195.4m $195.4m 0.76% Added +2.3k +2,262
33 HighTower Advisors, LLC 0.24% of their portfolio CHICAGO, IL 994,176994.2k $193.1m $193.1m 0.24% Added +17.1k +17,058
34 NorthCoast Asset Management LLC 0.76% of their portfolio STAMFORD, CT 920,920920.9k $178.9m $178.9m 0.76% Reduced -20.3k -20,315
35 Waldron Private Wealth LLC 7.56% of their portfolio BRIDGEVILLE, PA 892,418892.4k $173.3m $173.3m 7.56% Added +22.9k +22,885
36 US BANCORP \DE\ 0.21% of their portfolio MINNEAPOLIS, MN 845,854845.9k $164.3m $164.3m 0.21% Reduced -2.6k -2,642
37 OAKWORTH CAPITAL, INC. 9.94% of their portfolio BIRMINGHAM, AL 794,158794.2k $154.2m $154.2m 9.94% Added +12.0k +11,977
38 Corient Private Wealth LP 0.20% of their portfolio MIAMI, FL 785,692785.7k $152.6m $152.6m 0.20% Reduced -805.7k -805,726
39 COMMERCE BANK 0.87% of their portfolio KANSAS CITY, MO 757,671757.7k $147.2m $147.2m 0.87% Added +7.5k +7,508
40 BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio PARIS, I0 740,452740.5k $143.8m $143.8m 0.11% Added +31.1k +31,067
41 AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio KANSAS CITY, MO 695,493695.5k $135.1m $135.1m 0.07% Reduced -239.7k -239,671
42 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.22% of their portfolio PLYMOUTH, MN 684,004684.0k $135.0m $135.0m 0.22% Reduced -12.0k -11,964
43 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 680,478680.5k $132.2m $132.2m 0.02% Reduced -24.9k -24,860
44 1ST SOURCE BANK 7.26% of their portfolio SOUTH BEND, IN 677,377677.4k $131.6m $131.6m 7.26% Added +2.3k +2,259
45 NATIXIS ADVISORS, LLC 0.20% of their portfolio Boston, MA 639,551639.6k $124.2m $124.2m 0.20% Reduced -310.6k -310,640
46 Pathstone Holdings, LLC 0.47% of their portfolio ENGLEWOOD, NJ 634,896634.9k $118.7m $118.7m 0.47% Added +85.3k +85,341
47 STEPHENS INC /AR/ 1.67% of their portfolio LITTLE ROCK, AR 623,920623.9k $121.2m $121.2m 1.67% Reduced -725 -725
48 Circle Wealth Management, LLC 2.62% of their portfolio SUMMIT, NJ 607,633607.6k $118.0m $118.0m 2.62% Unchanged
49 BlackRock, Inc. 0.00% of their portfolio New York, NY 584,314584.3k $113.5m $113.5m 0.00% Reduced -1.2m -1,192,379
50 OSAIC HOLDINGS, INC. 0.20% of their portfolio SCOTTSDALE, AZ 579,728579.7k $112.3m $112.3m 0.20% Added +117.1k +117,056
51 BANK OF NOVA SCOTIA 0.22% of their portfolio TORONTO, A6 540,810540.8k $105.0m $105.0m 0.22% Added +1.6k +1,630
52 Creative Planning 0.09% of their portfolio OVERLAND PARK, KS 540,460540.5k $105.0m $105.0m 0.09% Added +4.1k +4,125
53 Mariner, LLC 0.14% of their portfolio Overland Park, KS 502,838502.8k $97.7m $97.7m 0.14% Reduced -6.0k -6,049
54 Focus Partners Wealth 0.21% of their portfolio ST LOUIS, MO 496,100496.1k $96.4m $96.4m 0.21% Added +19.3k +19,252
55 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 456,919456.9k $88.7m $88.7m 0.06% Added +6.5k +6,496
56 Modera Wealth Management, LLC 1.08% of their portfolio WESTWOOD, NJ 447,183447.2k $86.9m $86.9m 1.08% Added +7.5k +7,484
57 Cassaday & Co Wealth Management LLC 2.10% of their portfolio MCLEAN, VA 431,516431.5k $83.8m $83.8m 2.10% Added +33.7k +33,706
58 CAPTRUST FINANCIAL ADVISORS 0.19% of their portfolio RALEIGH, NC 427,355427.4k $83.0m $83.0m 0.19% Added +59.0k +58,986
59 STEPHENS GROUP ASSET MANAGEMENT, LLC 5.84% of their portfolio LITTLE ROCK, AR 418,023418.0k $81.2m $81.2m 5.84% Added +25.7k +25,722
60 Cedar Mountain Advisors, LLC 16.84% of their portfolio LAKE OSWEGO, OR 417,125417.1k $81.0m $81.0m 16.84% Added +2.1k +2,146
61 MML INVESTORS SERVICES, LLC 0.22% of their portfolio SPRINGFIELD, MA 398,755398.8k $77.5m $77.5m 0.22% Reduced -344 -344
62 BROWN ADVISORY INC 0.10% of their portfolio BALTIMORE, MD 398,545398.5k $77.4m $77.4m 0.10% Added +105.9k +105,930
63 CHOREO, LLC 1.07% of their portfolio ROCKFORD, IL 395,517395.5k $76.8m $76.8m 1.07% Reduced -5.2k -5,226
64 BRIDGES INVESTMENT MANAGEMENT INC 0.99% of their portfolio OMAHA, NE 377,072377.1k $73.2m $73.2m 0.99% Reduced -8.6k -8,627
65 Cullen/Frost Bankers, Inc. 0.92% of their portfolio San Antonio, TX 376,947376.9k $73.2m $73.2m 0.92% Added +17.7k +17,700
66 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 376,594376.6k $73.1m $73.1m 0.02% Reduced -638.8k -638,800
67 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 375,944375.9k $73.0m $73.0m 0.02% Reduced -797.9k -797,857
68 MV CAPITAL MANAGEMENT, INC. 7.33% of their portfolio BETHESDA, MD 366,772366.8k $71.2m $71.2m 7.33% Reduced -17.4k -17,423
69 LANDAAS & CO /WI /ADV 16.73% of their portfolio MILWAUKEE, WI 360,714360.7k $70.1m $70.1m 16.73% Added +821 +821
70 MAI Capital Management 0.48% of their portfolio INDEPENDENCE, OH 358,539358.5k $69.6m $69.6m 0.48% Added +32.5k +32,527
71 StoneX Group Inc. 3.23% of their portfolio NEW YORK, NY 342,228342.2k $66.5m $66.5m 3.23% Added +8.5k +8,547
72 Marquette Asset Management, LLC 11.06% of their portfolio MINNEAPOLIS, MN 339,687339.7k $66.0m $66.0m 11.06% Added +298.1k +298,107
73 Equitable Holdings, Inc. 0.53% of their portfolio NEW YORK, NY 331,949331.9k $64.5m $64.5m 0.53% Reduced -70.3k -70,264
74 MONETA GROUP INVESTMENT ADVISORS LLC 0.76% of their portfolio ST LOUIS, MO 330,078330.1k $64.1m $64.1m 0.76% Added +5.7k +5,659
75 Private Advisor Group, LLC 0.34% of their portfolio MORRISTOWN, NJ 329,246329.2k $63.9m $63.9m 0.34% Added +7.0k +7,015
76 EP Wealth Advisors, LLC 0.40% of their portfolio TORRANCE, CA 313,086313.1k $60.8m $60.8m 0.40% Added +149 +149
77 FIFTH THIRD BANCORP 0.21% of their portfolio CINCINNATI, OH 312,802312.8k $60.8m $60.8m 0.21% Reduced -7.4k -7,410
78 Independence Asset Advisors, LLC 37.02% of their portfolio WYNNEWOOD,, PA 306,319306.3k $59.5m $59.5m 37.02% New
79 First Business Financial Services, Inc. 5.17% of their portfolio MADISON, WI 295,296295.3k $57.4m $57.4m 5.17% Reduced -738 -738
80 Steward Partners Investment Advisory, LLC 0.44% of their portfolio STAMFORD, CT 288,893288.9k $56.1m $56.1m 0.44% Reduced -30.8k -30,815
81 Paulson Wealth Management Inc. 14.13% of their portfolio West Palm Beach, FL 280,992281.0k $54.6m $54.6m 14.13% Added +8.9k +8,925
82 Covenant Partners, LLC 16.29% of their portfolio Nashville, TN 280,951281.0k $54.6m $54.6m 16.29% Added +7.2k +7,178
83 Cresset Asset Management, LLC 0.27% of their portfolio Chicago, IL 276,482276.5k $53.7m $53.7m 0.27% Reduced -13.8k -13,809
84 FSA Wealth Management LLC 20.16% of their portfolio Needham, MA 266,109266.1k $51.7m $51.7m 20.16% Added +5.1k +5,076
85 CX Institutional 1.77% of their portfolio AUBURN, IN 262,024262.0k $50.9m $50.9m 1.77% Added +36.8k +36,838
86 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 256,132256.1k $49.7m $49.7m 0.13% Reduced -26.6k -26,596
87 Badgley Phelps Wealth Managers, LLC 1.05% of their portfolio SEATTLE, WA 244,111244.1k $47.4m $47.4m 1.05% Reduced -1.6k -1,589
88 Wind River Trust Co 18.56% of their portfolio Jackson, WY 238,301238.3k $46.3m $46.3m 18.56% Reduced -3.4k -3,430
89 Graypoint LLC 2.57% of their portfolio Albany, NY 235,430235.4k $45.7m $45.7m 2.57% Added +3.3k +3,313
90 MISSION WEALTH MANAGEMENT, LP 1.00% of their portfolio Santa Barbara, CA 235,130235.1k $45.7m $45.7m 1.00% Added +27.9k +27,919
91 BLAIR WILLIAM & CO/IL 0.13% of their portfolio CHICAGO, IL 233,392233.4k $45.3m $45.3m 0.13% Added +13.2k +13,249
92 Flaharty Asset Management, LLC 5.77% of their portfolio CLEARWATER, FL 217,162217.2k $42.2m $42.2m 5.77% Added +10.3k +10,346
93 Cerity Partners LLC 0.08% of their portfolio NEW YORK, NY 217,131217.1k $42.2m $42.2m 0.08% Reduced -4.8k -4,815
94 Relyea Zuckerberg Hanson LLC 4.91% of their portfolio STAMFORD, CT 215,741215.7k $41.9m $41.9m 4.91% Reduced -724 -724
95 Comprehensive Financial Management LLC 1.14% of their portfolio Los Gatos, CA 210,233210.2k $40.8m $40.8m 1.14% Unchanged
96 Brandywine Global Investment Management, LLC 0.29% of their portfolio PHILADELPHIA, PA 209,596209.6k $40.7m $40.7m 0.29% Reduced -59.1k -59,103
97 Mesirow Financial Investment Management, Inc. 0.78% of their portfolio CHICAGO, IL 205,744205.7k $40.0m $40.0m 0.78% Added +173.1k +173,093
98 Legacy Edge Advisors, LLC 5.22% of their portfolio SYOSSET, NY 201,390201.4k $39.1m $39.1m 5.22% Added +27.7k +27,732
99 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 200,092200.1k $38.9m $38.9m 0.09% Added +9.4k +9,443
100 Nadler Financial Group, Inc. 3.95% of their portfolio DEERFIELD, IL 198,820198.8k $38.6m $38.6m 3.95% Reduced -10.0k -9,982