Vault-13

ISHARES TR IWN

RUS 2000 VAL ETF · ETP · CUSIP 464287630

974 institutional holders +85 vs Q3 2023
66,278,37466.3m shares reported held*
$10.3bnreported value*
90 new 301 added 332 reduced 50 sold out net bought ≈ $1.5bn (+9.8m 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 ($17.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $155.36. Options: 8 managers hold calls ($90.1m notional), 10 hold puts ($94.2m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 843Q4 22: 936Q1 23: 873Q2 23: 888Q3 23: 889Q4 23: 974974Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022843
Q4 2022936
Q1 2023873
Q2 2023888
Q3 2023889
Q4 2023974

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 412 bought or addedQ4 22: 332 cut or sold outQ4 22Q1 23: 330 bought or addedQ1 23: 438 cut or sold outQ1 23Q2 23: 318 bought or addedQ2 23: 397 cut or sold outQ2 23Q3 23: 294 bought or addedQ3 23: 396 cut or sold outQ3 23Q4 23: 391 bought or addedQ4 23: 382 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022412332
Q1 2023330438
Q2 2023318397
Q3 2023294396
Q4 2023391382

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ1 23 calls: $6.1mQ1 23 puts: $63.1mQ1 23P/C 10.28Q2 23 calls: $24.2mQ2 23 puts: $63.5mQ2 23P/C 2.62Q3 23 calls: $29.7mQ3 23 puts: $59.4mQ3 23P/C 2.00Q4 23 calls: $90.1mQ4 23 puts: $94.2mQ4 23P/C 1.05
Numbers
QuarterCallsPutsP/C
Q1 2023$6.1m$63.1m10.28
Q2 2023$24.2m$63.5m2.62
Q3 2023$29.7m$59.4m2.00
Q4 2023$90.1m$94.2m1.05

Biggest buyers

MORGAN STANLEY Added +5,790,058+5.8m
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM New +1,375,322+1.4m
JPMORGAN CHASE & CO Added +876,492+876.5k
GOLDMAN SACHS GROUP INC Added +380,535+380.5k
BANK OF AMERICA CORP /DE/ Added +363,142+363.1k
M&T Bank Corp Added +276,387+276.4k
Starboard Value LP Added +255,000+255.0k
Twin Tree Management, LP New +240,955+241.0k
Pacific Life Fund Advisors LLC New +231,311+231.3k
Advisors Preferred, LLC New +229,420+229.4k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -391,189-391.2k
Corient Private Wealth LP Reduced -254,315-254.3k
Allspring Global Investments Holdings, LLC Reduced -222,865-222.9k
PNC Financial Services Group, Inc. Reduced -170,277-170.3k
Bank of New York Mellon Corp Reduced -169,968-170.0k
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -169,552-169.6k
SG Americas Securities, LLC Sold out -130,357-130.4k
BARCLAYS PLC Reduced -128,821-128.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -116,922-116.9k
UBS Group AG Reduced -101,876-101.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $39.7m255.3k shares
CITADEL ADVISORS LLC Added $36.5m234.8k shares
GTS SECURITIES LLC Reduced $5.4m34.6k shares
BARCLAYS PLC New $4.2m27.0k shares
CAPITAL FUND MANAGEMENT S.A. Added $2.9m18.7k shares
Institute for Wealth Management, LLC. New $1.2m8.0k shares
Walleye Trading LLC Unchanged $170.9k1.1k shares
Cutler Group LLC / CA Added $118.0k51.8k shares

Biggest puts

MILLENNIUM MANAGEMENT LLC Unchanged $31.1m200.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $26.1m168.3k shares
BANK OF AMERICA CORP /DE/ Unchanged $15.5m100.0k shares
Parallax Volatility Advisers, L.P. Unchanged $7.8m50.0k shares
CITADEL ADVISORS LLC Added $6.6m42.8k shares
CAPITAL FUND MANAGEMENT S.A. Added $4.3m28.0k shares
GTS SECURITIES LLC Added $2.1m13.2k shares
Walleye Trading LLC Unchanged $434.9k2.8k shares
Walleye Capital LLC Reduced $201.9k1.3k shares
Cutler Group LLC / CA Reduced $1.0k2.1k 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 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 12,187,31212.2m $1.9bn $1.9bn 0.08% Added +5.8m +5,790,058
2 BANK OF AMERICA CORP /DE/ 0.10% of their portfolio CHARLOTTE, NC 5,836,2595.8m $906.5m $906.5m 0.10% Added +363.1k +363,142
3 TIAA TRUST, NATIONAL ASSOCIATION 1.28% of their portfolio CHARLOTTE, NC 2,462,8012.5m $382.5m $382.5m 1.28% Reduced -27.6k -27,552
4 JONES FINANCIAL COMPANIES LLLP 0.53% of their portfolio DES PERES, MO 2,266,9732.3m $352.1m $352.1m 0.53% Added +91.1k +91,132
5 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 1,906,1701.9m $296.1m $296.1m 0.12% Reduced -116.9k -116,922
6 Starboard Value LP 5.84% of their portfolio New York, NY 1,805,0001.8m $280.4m $280.4m 5.84% Added +255.0k +255,000
7 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 1,477,4421.5m $229.5m $229.5m 0.05% Added +380.5k +380,535
8 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.45% of their portfolio TALLAHASSEE, FL 1,375,3221.4m $213.6m $213.6m 0.45% New
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,337,7601.3m $207.8m $207.8m 0.01% Added +876.5k +876,492
10 COMMONWEALTH EQUITY SERVICES, LLC 0.34% of their portfolio WALTHAM, MA 1,208,6661.2m $187.7m $187.7m 0.34% Added +32.6k +32,615
11 PNC Financial Services Group, Inc. 0.15% of their portfolio Pittsburgh, PA 1,203,0461.2m $186.9m $186.9m 0.15% Reduced -170.3k -170,277
12 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 1,168,9111.2m $181.6m $181.6m 0.05% Added +123.6k +123,628
13 UBS Group AG 0.07% of their portfolio ZURICH, V8 1,066,5991.1m $165.7m $165.7m 0.07% Reduced -101.9k -101,876
14 D.A. DAVIDSON & CO. 1.53% of their portfolio GREAT FALLS, MT 1,001,7991.0m $155.6m $155.6m 1.53% Added +1.9k +1,869
15 Betterment LLC 0.44% of their portfolio NEW YORK, NY 978,758978.8k $152.0m $152.0m 0.44% Reduced -79.9k -79,943
16 Alaska Permanent Fund Corp 2.26% of their portfolio JUNEAU, AK 881,519881.5k $136.9m $136.9m 2.26% Unchanged
17 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 814,615814.6k $126.5m $126.5m 0.02% Reduced -5.9k -5,890
18 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 734,949734.9k $114.2m $114.2m 0.07% Added +134.5k +134,528
19 M&T Bank Corp 0.42% of their portfolio BUFFALO, NY 734,755734.8k $114.1m $114.1m 0.42% Added +276.4k +276,387
20 US BANCORP \DE\ 0.16% of their portfolio MINNEAPOLIS, MN 691,201691.2k $107.4m $107.4m 0.16% Reduced -6.8k -6,760
21 VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio San Antonio, TX 591,600591.6k $91.9m $91.9m 0.10% Reduced -21.4k -21,400
22 Avantax Planning Partners, Inc. 3.48% of their portfolio DUBUQUE, IA 588,004588.0k $91.3m $91.3m 3.48% Added +29.0k +28,983
23 Cassaday & Co Wealth Management LLC 2.99% of their portfolio MCLEAN, VA 554,659554.7k $86.2m $86.2m 2.99% Added +30.1k +30,051
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 537,463537.5k $83.5m $83.5m 0.02% Reduced -40.1k -40,116
25 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 479,968480.0k $74.6m $74.6m 0.02% Reduced -61.8k -61,780
26 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 454,732454.7k $70.6m $70.6m 0.01% Reduced -170.0k -169,968
27 COMMERCE BANK 0.45% of their portfolio KANSAS CITY, MO 406,706406.7k $63.2m $63.2m 0.45% Reduced -26.9k -26,915
28 Jasper Ridge Partners, L.P. 2.41% of their portfolio MENLO PARK, CA 386,679386.7k $60.1m $60.1m 2.41% Reduced -26.1k -26,148
29 Allspring Global Investments Holdings, LLC 0.09% of their portfolio CHARLOTTE, NC 358,819358.8k $55.7m $55.7m 0.09% Reduced -222.9k -222,865
30 Badgley Phelps Wealth Managers, LLC 1.48% of their portfolio SEATTLE, WA 350,076350.1k $54.4m $54.4m 1.48% Added +28.0k +27,982
31 SEI INVESTMENTS CO 0.09% of their portfolio OAKS, PA 342,704342.7k $53.2m $53.2m 0.09% Added +30.9k +30,863
32 Facet Wealth, Inc. 1.85% of their portfolio WEST PALM BEACH, FL 327,424327.4k $48.2m $48.2m 1.85% Added +40.9k +40,920
33 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 322,474322.5k $50.1m $50.1m 0.08% Added +100.6k +100,584
34 Rockefeller Capital Management L.P. 0.17% of their portfolio NEW YORK, NY 319,639319.6k $49.6m $49.6m 0.17% Added +133.8k +133,758
35 AMG National Trust Bank 1.55% of their portfolio GREENWOOD VILLAGE, CO 318,613318.6k $49.5m $49.5m 1.55% Reduced -2.8k -2,759
36 BROWN ADVISORY INC 0.07% of their portfolio BALTIMORE, MD 313,872313.9k $48.8m $48.8m 0.07% Added +23.9k +23,913
37 WHITTIER TRUST CO 0.75% of their portfolio SOUTH PASADENA, CA 296,825296.8k $46.1m $46.1m 0.75% Added +7.0k +7,007
38 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 292,797292.8k $45.6m $45.6m 0.01% Added +44.3k +44,284
39 Waldron Private Wealth LLC 2.10% of their portfolio BRIDGEVILLE, PA 284,145284.1k $44.1m $44.1m 2.10% Added +153.9k +153,876
40 Raymond James Financial Services Advisors, Inc. 0.07% of their portfolio ST. PETERSBURG, FL 260,791260.8k $40.5m $40.5m 0.07% Added +9.3k +9,339
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 255,087255.1k $39.6m $39.6m 0.12% Reduced -5.9k -5,934
42 Pathstone Holdings, LLC 0.21% of their portfolio ENGLEWOOD, NJ 244,423244.4k $38.0m $38.0m 0.21% First filing
43 MAI Capital Management 0.50% of their portfolio INDEPENDENCE, OH 242,661242.7k $37.7m $37.7m 0.50% Reduced -7.8k -7,772
44 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 242,560242.6k $37.7m $37.7m 0.03% Added +11.6k +11,645
45 Twin Tree Management, LP 0.68% of their portfolio DALLAS, TX 240,955241.0k $37.4m $37.4m 0.68% New
46 Pacific Life Fund Advisors LLC 3.60% of their portfolio NEWPORT BEACH, CA 231,311231.3k $35.9m $35.9m 3.60% New
47 BlackRock Inc. 0.00% of their portfolio New York, NY 230,738230.7k $35.8m $35.8m 0.00% Added +53.2k +53,199
48 Comprehensive Financial Management LLC 1.26% of their portfolio Los Gatos, CA 230,481230.5k $35.8m $35.8m 1.26% Unchanged
49 Advisors Preferred, LLC 5.88% of their portfolio ROCKVILLE, MD 229,420229.4k $35.5m $35.5m 5.88% New
50 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 223,564223.6k $34.7m $34.7m 0.06% Reduced -5.2k -5,203
51 STEPHENS GROUP ASSET MANAGEMENT, LLC 3.38% of their portfolio LITTLE ROCK, AR 223,403223.4k $34.7m $34.7m 3.38% Added +12.4k +12,437
52 CHOREO, LLC 0.92% of their portfolio ROCKFORD, IL 219,052219.1k $34.0m $34.0m 0.92% Added +25.0k +25,007
53 Mariner, LLC 0.07% of their portfolio Overland Park, KS 199,319199.3k $31.0m $31.0m 0.07% Added +38.7k +38,729
54 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.07% of their portfolio LOS ANGELES, CA 190,418190.4k $29.6m $29.6m 0.07% Added +40.2k +40,197
55 STEPHENS INC /AR/ 0.51% of their portfolio LITTLE ROCK, AR 188,589188.6k $29.3m $29.3m 0.51% Reduced -7.2k -7,150
56 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 186,643186.6k $29.6m $29.6m 0.01% Reduced -12.8k -12,794
57 Modera Wealth Management, LLC 0.42% of their portfolio WESTWOOD, NJ 164,315164.3k $25.5m $25.5m 0.42% Reduced -8.3k -8,272
58 CASTLEARK MANAGEMENT LLC 1.13% of their portfolio CHICAGO, IL 163,710163.7k $25.4m $25.4m 1.13% New
59 WHITTIER TRUST CO OF NEVADA INC 0.81% of their portfolio RENO, NV 162,321162.3k $25.2m $25.2m 0.81% Added +1.9k +1,902
60 PICTON MAHONEY ASSET MANAGEMENT 1.15% of their portfolio Toronto, A6 160,129160.1k $24.9m $24.9m 1.15% Added +1.1k +1,149
61 SVB WEALTH LLC 0.60% of their portfolio BOSTON, MA 160,028160.0k $24.9m $24.9m 0.60% Reduced -77.4k -77,436
62 MMA ASSET MANAGEMENT LLC 6.35% of their portfolio New York, NY 153,430153.4k $23.4m $23.4m 6.35% Reduced -592 -592
63 WADE G W & INC 0.77% of their portfolio Wellesley, MA 152,390152.4k $23.7m $23.7m 0.77% Reduced -692 -692
64 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 147,535147.5k $22.9m $22.9m 0.01% Added +81.6k +81,593
65 COURIER CAPITAL LLC 1.73% of their portfolio BUFFALO, NY 147,052147.1k $22.8m $22.8m 1.73% Added +6 +6
66 CAPTRUST FINANCIAL ADVISORS 0.08% of their portfolio RALEIGH, NC 145,299145.3k $22.6m $22.6m 0.08% Added +9.2k +9,238
67 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.27% of their portfolio CHICAGO, IL 143,990144.0k $22.4m $22.4m 0.27% Added +1.2k +1,200
68 WoodTrust Financial Corp 3.73% of their portfolio WISCONSIN RAPIDS, WI 140,792140.8k $21.9m $21.9m 3.73% Reduced -2.9k -2,944
69 Arax Advisory Partners 2.43% of their portfolio NEW YORK, NY 140,583140.6k $21.8m $21.8m 2.43% Reduced -1.7k -1,720
70 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 138,300138.3k $21.5m $21.5m 0.05% Added +99.1k +99,100
71 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 137,933137.9k $21.4m $21.4m 0.04% Reduced -254.3k -254,315
72 JOHNSON INVESTMENT COUNSEL INC 0.25% of their portfolio Cincinnati, OH 137,803137.8k $21.4m $21.4m 0.25% Added +8.3k +8,308
73 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 132,378132.4k $20.6m $20.6m 0.03% Added +95.0k +95,006
74 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 127,668127.7k $19.8m $19.8m 0.03% Reduced -45.0k -45,046
75 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 127,164127.2k $19.8m $19.8m 0.05% Reduced -5.0k -4,970
76 PRUDENTIAL FINANCIAL INC 0.03% of their portfolio NEWARK, NJ 125,663125.7k $19.5m $19.5m 0.03% Added +2.0k +1,969
77 Zions Bancorporation, N.A. 1.33% of their portfolio SALT LAKE CITY, UT 124,771124.8k $19.4m $19.4m 1.33% Added +122.0k +122,013
78 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 121,182121.2k $18.8m $18.8m 0.02% Added +111.8k +111,800
79 FIFTH THIRD BANCORP 0.08% of their portfolio CINCINNATI, OH 117,306117.3k $18.2m $18.2m 0.08% Reduced -4.6k -4,632
80 FULLER & THALER ASSET MANAGEMENT, INC. 0.09% of their portfolio SAN MATEO, CA 117,124117.1k $18.2m $18.2m 0.09% Added +91.7k +91,701
81 COMERICA BANK 0.08% of their portfolio DALLAS, TX 116,978117.0k $18.2m $18.2m 0.08% Added +2.3k +2,291
82 Covenant Partners, LLC 5.63% of their portfolio Nashville, TN 114,842114.8k $17.8m $17.8m 5.63% Added +3.9k +3,872
83 Fiduciary Trust Co 0.30% of their portfolio Boston, MA 113,803113.8k $17.7m $17.7m 0.30% Reduced -2.1k -2,141
84 Zhang Financial LLC 1.50% of their portfolio PORTAGE, MI 112,708112.7k $17.5m $17.5m 1.50% Reduced -4.4k -4,412
85 Vestcor Inc 0.58% of their portfolio FREDERICTON, A3 110,500110.5k $17.2m $17.2m 0.58% Added +29.9k +29,900
86 Aristotle Capital Boston, LLC 0.52% of their portfolio BOSTON, MA 109,869109.9k $17.1m $17.1m 0.52% Reduced -2.7k -2,700
87 Savant Capital, LLC 0.22% of their portfolio ROCKFORD, IL 109,857109.9k $17.1m $17.1m 0.22% Reduced -1.7k -1,721
88 FMR LLC 0.00% of their portfolio BOSTON, MA 107,922107.9k $16.8m $16.8m 0.00% Added +59.7k +59,741
89 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 102,612102.6k $15.9m $15.9m 0.02% Added +43.4k +43,399
90 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 96,35796.4k $15.0m $15.0m 0.03% Reduced -391.2k -391,189
91 SYNOVUS FINANCIAL CORP 0.21% of their portfolio Columbus, GA 96,24996.2k $15.0m $15.0m 0.21% Reduced -1.4k -1,436
92 ASPIRIANT, LLC 0.66% of their portfolio San Francisco, CA 94,44294.4k $14.7m $14.7m 0.66% Reduced -1.0k -1,001
93 Cetera Advisor Networks LLC 0.08% of their portfolio EL SEGUNDO, CA 90,91990.9k $14.1m $14.1m 0.08% Reduced -1.6k -1,557
94 THOMPSON SIEGEL & WALMSLEY LLC 0.23% of their portfolio RICHMOND, VA 89,63289.6k $13.9m $13.9m 0.23% Added +3.8k +3,803
95 Flaharty Asset Management, LLC 2.15% of their portfolio CLEARWATER, FL 87,43587.4k $13.6m $13.6m 2.15% Reduced -441 -441
96 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 85,85485.9k $13.3m $13.3m 0.04% Added +80.8k +80,831
97 GENDELL JEFFREY L 0.69% of their portfolio Greenwich, CT 81,87681.9k $12.7m $12.7m 0.69% Added +51.9k +51,876
98 SONATA CAPITAL GROUP INC 6.26% of their portfolio SEATTLE, WA 80,99281.0k $12.6m $12.6m 6.26% Reduced -8 -8
99 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 78,56778.6k $12.2m $12.2m 0.02% Added +12.4k +12,370
100 Powell Investment Advisors, LLC 6.67% of their portfolio MIAMI, FL 77,68977.7k $12.1m $12.1m 6.67% Reduced -2.6k -2,616