Vault-13

ISHARES TR IWB

RUS 1000 ETF · ETP · CUSIP 464287622

1,501 institutional holders +77 vs Q3 2025
101,517,934101.5m shares reported held*
$37.9bnreported value*
75 new 410 added 502 reduced 57 sold out net bought ≈ $251.4m (+677.4k 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 ($25.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $373.49. Options: 3 managers hold calls ($20.4m notional), 4 hold puts ($12.0m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,005Q4 22: 1,076Q1 23: 1,065Q2 23: 1,108Q3 23: 1,099Q4 23: 1,218Q1 24: 1,228Q2 24: 1,259Q3 24: 1,274Q4 24: 1,361Q1 25: 1,346Q2 25: 1,397Q3 25: 1,424Q4 25: 1,5011,501Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 20221,005
Q4 20221,076
Q1 20231,065
Q2 20231,108
Q3 20231,099
Q4 20231,218
Q1 20241,228
Q2 20241,259
Q3 20241,274
Q4 20241,361
Q1 20251,346
Q2 20251,397
Q3 20251,424
Q4 20251,501

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 410 bought or addedQ1 24: 518 cut or sold outQ2 24: 446 bought or addedQ2 24: 482 cut or sold outQ2 24Q3 24: 448 bought or addedQ3 24: 487 cut or sold outQ4 24: 467 bought or addedQ4 24: 471 cut or sold outQ4 24Q1 25: 484 bought or addedQ1 25: 527 cut or sold outQ2 25: 535 bought or addedQ2 25: 497 cut or sold outQ2 25Q3 25: 462 bought or addedQ3 25: 538 cut or sold outQ4 25: 485 bought or addedQ4 25: 559 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024410518
Q2 2024446482
Q3 2024448487
Q4 2024467471
Q1 2025484527
Q2 2025535497
Q3 2025462538
Q4 2025485559

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 25 calls: $19.8mQ1 25 puts: $47.7mQ1 25P/C 2.41Q2 25 calls: $21.0mQ2 25 puts: $3.3mQ2 25P/C 0.16Q3 25 calls: $23.2mQ3 25 puts: $6.4mQ3 25P/C 0.28Q4 25 calls: $20.4mQ4 25 puts: $12.0mQ4 25P/C 0.59
Numbers
QuarterCallsPutsP/C
Q1 2025$19.8m$47.7m2.41
Q2 2025$21.0m$3.3m0.16
Q3 2025$23.2m$6.4m0.28
Q4 2025$20.4m$12.0m0.59

Biggest buyers

ALLSTATE CORP Added +599,755+599.8k
BANK OF AMERICA CORP /DE/ Added +505,892+505.9k
BlackRock, Inc. Added +490,969+491.0k
MILLENNIUM MANAGEMENT LLC New +455,129+455.1k
ENVESTNET ASSET MANAGEMENT INC Added +384,293+384.3k
HSBC HOLDINGS PLC Added +330,170+330.2k
JONES FINANCIAL COMPANIES LLLP Added +321,453+321.5k
Corient Private Wealth LP Added +229,999+230.0k
NorthRock Partners, LLC Added +218,122+218.1k
Focus Partners Wealth Added +215,456+215.5k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,299,815-1.3m
MORGAN STANLEY Reduced -907,914-907.9k
GOLDMAN SACHS GROUP INC Reduced -433,033-433.0k
TWO SIGMA INVESTMENTS, LP Reduced -186,440-186.4k
NorthCoast Asset Management LLC Reduced -174,422-174.4k
OBSIDIAN CIO, LLC Reduced -160,555-160.6k
Empower Advisory Group, LLC Reduced -159,616-159.6k
CITIGROUP INC Reduced -159,240-159.2k
FMR LLC Reduced -131,180-131.2k
Strategic Investment Advisors / MI Reduced -90,280-90.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $14.2m38.0k shares
JANE STREET GROUP, LLC Added $4.2m11.3k shares
CITADEL ADVISORS LLC Reduced $2.0m5.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.0m13.5k shares
CITADEL ADVISORS LLC Added $4.5m12.0k shares
JANE STREET GROUP, LLC New $1.9m5.1k shares
WELLS FARGO & COMPANY/MN New $522.8k1.4k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JONES FINANCIAL COMPANIES LLLP 2.64% of their portfolio DES PERES, MO 11,577,95511.6m $4.3bn $4.3bn 2.64% Added +321.5k +321,453
2 FMR LLC 0.19% of their portfolio BOSTON, MA 9,844,1929.8m $3.7bn $3.7bn 0.19% Reduced -131.2k -131,180
3 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 4,914,8904.9m $1.8bn $1.8bn 0.13% Added +505.9k +505,892
4 ENVESTNET ASSET MANAGEMENT INC 0.51% of their portfolio Berwyn, PA 4,567,9464.6m $1.7bn $1.7bn 0.51% Added +384.3k +384,293
5 M&T Bank Corp 3.39% of their portfolio BUFFALO, NY 2,831,0322.8m $1.1bn $1.1bn 3.39% Reduced -2.7k -2,745
6 NORTHERN TRUST CORP 0.13% of their portfolio CHICAGO, IL 2,691,7662.7m $1.0bn $1.0bn 0.13% Reduced -58.4k -58,426
7 LPL Financial LLC 0.25% of their portfolio FORT MILL, SC 2,451,0132.5m $915.3m $915.3m 0.25% Added +3.3k +3,325
8 PNC Financial Services Group, Inc. 0.47% of their portfolio Pittsburgh, PA 2,297,4912.3m $858.0m $858.0m 0.47% Reduced -61.0k -61,013
9 BlackRock, Inc. 0.01% of their portfolio New York, NY 2,217,1412.2m $828.0m $828.0m 0.01% Added +491.0k +490,969
10 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 2,089,8752.1m $780.4m $780.4m 0.05% Reduced -907.9k -907,914
11 Focus Partners Wealth 0.83% of their portfolio ST LOUIS, MO 1,955,2052.0m $730.1m $730.1m 0.83% Added +215.5k +215,456
12 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 1,611,3051.6m $601.7m $601.7m 0.12% Added +12.8k +12,806
13 Millburn Ridgefield LLC /DE/ 13.01% of their portfolio New York, NY 1,462,6051.5m $546.2m $546.2m 13.01% Reduced -3.1k -3,108
14 Catalyst Capital Advisors LLC 11.23% of their portfolio San Juan, PR 1,462,6051.5m $546.2m $546.2m 11.23% Reduced -3.1k -3,108
15 JOHNSON INVESTMENT COUNSEL INC 4.28% of their portfolio Cincinnati, OH 1,403,2811.4m $524.0m $524.0m 4.28% Reduced -23.0k -23,041
16 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 1,384,6231.4m $517.1m $517.1m 0.07% Reduced -433.0k -433,033
17 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 1,342,8951.3m $501.5m $501.5m 0.03% Reduced -1.3m -1,299,815
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.31% of their portfolio MILWAUKEE, WI 1,322,2451.3m $493.8m $493.8m 0.31% Reduced -15.3k -15,305
19 BOKF, NA 7.41% of their portfolio TULSA, OK 1,297,1491.3m $484.4m $484.4m 7.41% Added +17.1k +17,096
20 CAPTRUST FINANCIAL ADVISORS 0.83% of their portfolio RALEIGH, NC 1,164,9541.2m $435.0m $435.0m 0.83% Reduced -3.6k -3,636
21 Pathstone Holdings, LLC 1.60% of their portfolio ENGLEWOOD, NJ 1,109,5171.1m $414.2m $414.2m 1.60% Reduced -55.0k -55,025
22 ALLSTATE CORP 5.50% of their portfolio NORTHBROOK, IL 1,078,1701.1m $402.6m $402.6m 5.50% Added +599.8k +599,755
23 UBS Group AG 0.07% of their portfolio ZURICH, V8 909,631909.6k $339.7m $339.7m 0.07% Reduced -35.6k -35,580
24 MERCER GLOBAL ADVISORS INC /ADV 0.45% of their portfolio DENVER, CO 792,517792.5k $296.0m $296.0m 0.45% Added +2.9k +2,941
25 National Mutual Insurance Federation of Agricultural Cooperatives 2.17% of their portfolio TOKYO, JAPAN, M0 791,000791.0k $295.4m $295.4m 2.17% Unchanged
26 US BANCORP \DE\ 0.34% of their portfolio MINNEAPOLIS, MN 775,933775.9k $289.8m $289.8m 0.34% Added +24.7k +24,711
27 Cerity Partners LLC 0.41% of their portfolio NEW YORK, NY 745,035745.0k $278.2m $278.2m 0.41% Reduced -12.5k -12,475
28 Legacy Wealth Management, LLC 15.29% of their portfolio MEMPHIS, TN 710,475710.5k $265.3m $265.3m 15.29% Reduced -12.1k -12,117
29 TIAA TRUST, NATIONAL ASSOCIATION 0.61% of their portfolio CHARLOTTE, NC 684,338684.3k $256.2m $256.2m 0.61% Reduced -52.0k -51,968
30 Creative Planning 0.18% of their portfolio OVERLAND PARK, KS 657,338657.3k $245.5m $245.5m 0.18% Added +2.1k +2,075
31 Capstone Financial Advisors, Inc. 12.91% of their portfolio DOWNERS GROVE, IL 649,033649.0k $242.4m $242.4m 12.91% Reduced -5.4k -5,384
32 HSBC HOLDINGS PLC 0.07% of their portfolio LONDON, X0 644,712644.7k $240.8m $240.8m 0.07% Added +330.2k +330,170
33 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 631,389631.4k $235.8m $235.8m 0.07% Added +7.2k +7,202
34 Pinnacle Financial Partners, Inc. 1.67% of their portfolio ATLANTA, GA 592,936592.9k $221.4m $221.4m 1.67% First filing
35 CIBC Private Wealth Group LLC 0.35% of their portfolio ATLANTA, GA 552,047552.0k $206.2m $206.2m 0.35% Added +188.0k +187,983
36 Mariner, LLC 0.24% of their portfolio Overland Park, KS 546,824546.8k $204.2m $204.2m 0.24% Added +11.2k +11,225
37 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 535,259535.3k $199.9m $199.9m 0.04% Reduced -60.4k -60,446
38 COMERICA BANK 0.80% of their portfolio DALLAS, TX 535,026535.0k $199.8m $199.8m 0.80% Added +420 +420
39 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.26% of their portfolio PLYMOUTH, MN 508,594508.6k $193.0m $193.0m 0.26% Reduced -15.8k -15,782
40 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.32% of their portfolio TORONTO, A6 499,000499.0k $186.3m $186.3m 0.32% Added +37.0k +37,000
41 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 493,513493.5k $184.3m $184.3m 0.04% Added +12.8k +12,779
42 IEQ CAPITAL, LLC 0.55% of their portfolio Foster City, CA 487,726487.7k $182.1m $182.1m 0.55% Added +37.6k +37,631
43 HighTower Advisors, LLC 0.20% of their portfolio CHICAGO, IL 480,347480.3k $179.4m $179.4m 0.20% Added +3.0k +2,975
44 HALBERT HARGROVE GLOBAL ADVISORS, LLC 8.47% of their portfolio LONG BEACH, CA 474,141474.1k $177.1m $177.1m 8.47% Added +424 +424
45 MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio NEW YORK, NY 455,129455.1k $170.0m $170.0m 0.12% New
46 TRUIST FINANCIAL CORP 0.23% of their portfolio CHARLOTTE, NC 454,079454.1k $169.6m $169.6m 0.23% Added +36.5k +36,492
47 RED CEDAR INVESTMENT MANAGEMENT, LLC 16.51% of their portfolio GRAND RAPIDS, MI 409,248409.2k $152.8m $152.8m 16.51% Reduced -7.9k -7,945
48 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 374,428374.4k $111.5m $111.5m 0.07% Added +230.0k +229,999
49 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 352,531352.5k $131.6m $131.6m 0.14% Added +27.6k +27,601
50 FIFTH THIRD BANCORP 0.41% of their portfolio CINCINNATI, OH 345,935345.9k $129.2m $129.2m 0.41% Reduced -27.6k -27,586
51 MPS Loria Financial Planners, LLC 32.02% of their portfolio Burr Ridge, IL 333,549333.5k $124.6m $124.6m 32.02% Reduced -702 -702
52 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 329,319329.3k $123.0m $123.0m 0.05% Added +21.7k +21,742
53 Waverly Advisors, LLC 0.99% of their portfolio BIRMINGHAM, AL 326,569326.6k $122.0m $122.0m 0.99% Reduced -1.5k -1,504
54 Empower Advisory Group, LLC 0.31% of their portfolio Greenwood Village, CO 307,337307.3k $114.8m $114.8m 0.31% Reduced -159.6k -159,616
55 NorthRock Partners, LLC 1.89% of their portfolio MINNEAPOLIS, MN 298,766298.8k $111.6m $111.6m 1.89% Added +218.1k +218,122
56 Arbor Investment Advisors, LLC 14.31% of their portfolio WINSTON SALEM, NC 291,167291.2k $108.7m $108.7m 14.31% Reduced -10.5k -10,462
57 Lido Advisors, LLC 0.41% of their portfolio Los Angeles, CA 281,876281.9k $105.1m $105.1m 0.41% Added +162.5k +162,537
58 Johns Hopkins University 7.19% of their portfolio BALTIMORE, MD 264,479264.5k $98.8m $98.8m 7.19% Unchanged
59 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 256,407256.4k $95.8m $95.8m 0.09% Added +58.0k +58,029
60 McKinley Carter Wealth Services, Inc. 5.27% of their portfolio WHEELING, WV 252,707252.7k $94.4m $94.4m 5.27% Reduced -49.8k -49,836
61 Winthrop Advisory Group LLC 7.84% of their portfolio BOSTON, MA 247,833247.8k $92.6m $92.6m 7.84% Reduced -6.1k -6,058
62 AMG National Trust Bank 2.11% of their portfolio GREENWOOD VILLAGE, CO 239,869239.9k $89.6m $89.6m 2.11% Reduced -7.1k -7,055
63 Baird Financial Group, Inc. 0.14% of their portfolio MILWAUKEE, WI 232,230232.2k $86.7m $86.7m 0.14% Reduced -2.2k -2,202
64 Ballentine Partners, LLC 1.10% of their portfolio Waltham, MA 209,813209.8k $78.4m $78.4m 1.10% Reduced -2.8k -2,813
65 Envestnet Portfolio Solutions, Inc. 0.27% of their portfolio BERWYN, PA 204,201204.2k $76.3m $76.3m 0.27% Added +46.8k +46,829
66 JFS WEALTH ADVISORS, LLC 4.26% of their portfolio HERMITAGE, PA 202,434202.4k $75.6m $75.6m 4.26% Reduced -173 -173
67 BROWN ADVISORY INC 0.11% of their portfolio BALTIMORE, MD 201,874201.9k $75.4m $75.4m 0.11% Added +37.0k +36,961
68 COLDSTREAM CAPITAL MANAGEMENT INC 0.96% of their portfolio BELLEVUE, WA 200,295200.3k $74.8m $74.8m 0.96% Reduced -5.8k -5,847
69 BOK Financial Private Wealth, Inc. 4.58% of their portfolio DENVER, CO 200,186200.2k $74.8m $74.8m 4.58% Reduced -2.2k -2,244
70 ARGENT CAPITAL MANAGEMENT LLC 2.11% of their portfolio ST LOUIS, MO 199,085199.1k $74.3m $74.3m 2.11% New
71 COMMERCE BANK 0.41% of their portfolio KANSAS CITY, MO 197,238197.2k $73.7m $73.7m 0.41% Added +231 +231
72 WASHINGTON TRUST Co 2.37% of their portfolio WESTERLY, RI 193,808193.8k $72.4m $72.4m 2.37% Reduced -1.1k -1,064
73 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 186,418186.4k $69.6m $69.6m 0.09% Reduced -17.3k -17,290
74 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 185,221185.2k $69.2m $69.2m 0.10% Added +7.0k +7,022
75 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 184,997185.0k $69.1m $69.1m 0.04% Added +1.3k +1,324
76 PRINCIPAL SECURITIES, INC. 1.04% of their portfolio DES MOINES, IA 179,752179.8k $67.1m $67.1m 1.04% Added +3.8k +3,769
77 MML INVESTORS SERVICES, LLC 0.16% of their portfolio SPRINGFIELD, MA 174,862174.9k $65.3m $65.3m 0.16% Added +8.0k +8,035
78 Cambridge Investment Research Advisors, Inc. 0.17% of their portfolio FAIRFIELD, IA 171,615171.6k $64.1m $64.1m 0.17% Reduced -3.4k -3,385
79 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 167,532167.5k $62.6m $62.6m 0.01% Reduced -1.5k -1,492
80 Mason & Associates Inc 11.71% of their portfolio LOS ANGELES, CA 166,627166.6k $62.2m $62.2m 11.71% New
81 BRIGHTON JONES LLC 2.29% of their portfolio SEATTLE, WA 166,068166.1k $62.0m $62.0m 2.29% Reduced -10.9k -10,916
82 Enclave Advisors LLC 8.58% of their portfolio AUSTIN, TX 162,230162.2k $60.6m $60.6m 8.58% Reduced -4.1k -4,133
83 SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio London, X0 160,558160.6k $60.4m $60.4m 0.05% Added +8.0k +7,998
84 Napier Financial, LLC 14.23% of their portfolio BRAINTREE, MA 152,542152.5k $57.0m $57.0m 14.23% First filing
85 Rockefeller Capital Management L.P. 0.10% of their portfolio NEW YORK, NY 152,126152.1k $56.8m $56.8m 0.10% Added +27.9k +27,932
86 AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio Greenwich, CT 150,834150.8k $56.3m $56.3m 0.03% Added +22.3k +22,304
87 Equitable Holdings, Inc. 0.38% of their portfolio NEW YORK, NY 147,605147.6k $55.1m $55.1m 0.38% Added +1.6k +1,624
88 CHOREO, LLC 0.69% of their portfolio ROCKFORD, IL 143,474143.5k $54.0m $54.0m 0.69% Added +7.0k +7,027
89 Hippocratic Financial Advisors, LLC 24.19% of their portfolio WESTLAKE VILLAGE, CA 140,497140.5k $52.5m $52.5m 24.19% Added +7.8k +7,791
90 JT Stratford LLC 6.68% of their portfolio GAINESVILLE, GA 139,310139.3k $52.0m $52.0m 6.68% Reduced -3.9k -3,931
91 Conservest Capital Advisors, Inc. 4.54% of their portfolio WYNNEWOOD, PA 134,715134.7k $50.3m $50.3m 4.54% Reduced -4.0k -3,994
92 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio TALLAHASSEE, FL 134,455134.5k $50.2m $50.2m 0.09% Reduced -16.7k -16,745
93 Jordan Park Group LLC 2.78% of their portfolio SAN FRANCISCO, CA 128,433128.4k $48.0m $48.0m 2.78% Reduced -3.8k -3,760
94 NewEdge Advisors, LLC 0.17% of their portfolio NEW ORLEANS, LA 125,692125.7k $46.9m $46.9m 0.17% Added +675 +675
95 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.76% of their portfolio BOSTON, MA 124,298124.3k $46.4m $46.4m 0.76% Reduced -22.0k -22,025
96 Keel Point, LLC 2.79% of their portfolio HUNTSVILLE, AL 123,791123.8k $46.2m $46.2m 2.79% Reduced -1.1k -1,102
97 Trust Co 4.28% of their portfolio MANHATTAN, KS 122,119122.1k $45.6m $45.6m 4.28% Reduced -1.2k -1,186
98 DT Investment Partners, LLC 3.69% of their portfolio CHADDS FORD, PA 119,231119.2k $44.5m $44.5m 3.69% Reduced -1.9k -1,913
99 Laird Norton Wetherby Trust Company, LLC 0.91% of their portfolio Seattle, WA 117,462117.5k $43.9m $43.9m 0.91% Added +105.5k +105,509
100 Brewster Financial Planning LLC 26.95% of their portfolio BROOKLYN, NY 117,456117.5k $43.9m $43.9m 26.95% Reduced -1.2k -1,236