Vault-13

ISHARES TR IWN

RUS 2000 VAL ETF · ETP · CUSIP 464287630

956 institutional holders -18 vs Q4 2023
70,026,47470.0m shares reported held*
$11.1bnreported value*
78 new 277 added 355 reduced 93 sold out net bought ≈ $610.4m (+3.9m 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 ($11.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $158.69. Options: 7 managers hold calls ($74.4m notional), 8 hold puts ($40.4m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 843Q4 22: 936Q1 23: 873Q2 23: 888Q3 23: 889Q4 23: 974Q1 24: 956956Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022843
Q4 2022936
Q1 2023873
Q2 2023888
Q3 2023889
Q4 2023974
Q1 2024956

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 23Q1 24: 355 bought or addedQ1 24: 448 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022412332
Q1 2023330438
Q2 2023318397
Q3 2023294396
Q4 2023391382
Q1 2024355448

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ2 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 1.05Q1 24 calls: $74.4mQ1 24 puts: $40.4mQ1 24P/C 0.54
Numbers
QuarterCallsPutsP/C
Q2 2023$24.2m$63.5m2.62
Q3 2023$29.7m$59.4m2.00
Q4 2023$90.1m$94.2m1.05
Q1 2024$74.4m$40.4m0.54

Biggest buyers

MORGAN STANLEY Added +6,024,371+6.0m
BAILARD, INC. Added +459,376+459.4k
BANK OF AMERICA CORP /DE/ Added +407,961+408.0k
M&T Bank Corp Added +181,305+181.3k
PICTON MAHONEY ASSET MANAGEMENT Added +165,046+165.0k
Quadrature Capital Ltd New +164,101+164.1k
Cetera Investment Advisers Added +151,873+151.9k
Focus Partners Wealth Added +151,612+151.6k
Allspring Global Investments Holdings, LLC Added +124,404+124.4k
TIAA TRUST, NATIONAL ASSOCIATION Added +122,587+122.6k

Biggest sellers

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM Sold out -1,375,322-1.4m
Avantax Planning Partners, Inc. Reduced -500,978-501.0k
Twin Tree Management, LP Sold out -240,955-241.0k
Advisors Preferred, LLC Sold out -229,420-229.4k
WELLS FARGO & COMPANY/MN Reduced -206,118-206.1k
WoodTrust Financial Corp Sold out -140,792-140.8k
GOLDMAN SACHS GROUP INC Reduced -125,116-125.1k
NEUBERGER BERMAN GROUP LLC Reduced -114,202-114.2k
Zions Bancorporation, N.A. Reduced -113,254-113.3k
VICTORY CAPITAL MANAGEMENT INC Reduced -112,300-112.3k

Biggest calls

CITADEL ADVISORS LLC Added $39.4m248.0k shares
Twin Tree Management, LP New $14.0m88.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $12.1m76.4k shares
GTS SECURITIES LLC Added $5.7m36.2k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $2.4m15.3k shares
Institute for Wealth Management, LLC. Reduced $555.8k3.5k shares
Walleye Trading LLC Reduced $142.9k900 shares

Biggest puts

Twin Tree Management, LP New $17.3m108.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $7.0m43.8k shares
Hilltop Holdings Inc. New $6.7m42.5k shares
CITADEL ADVISORS LLC Reduced $4.9m30.9k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $2.9m18.4k shares
GTS SECURITIES LLC Reduced $1.1m7.2k shares
Walleye Trading LLC Unchanged $444.7k2.8k shares
Cutler Group LLC / CA Reduced $0100 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 18,211,68318.2m $2.9bn $2.9bn 0.08% Added +6.0m +6,024,371
2 BANK OF AMERICA CORP /DE/ 0.10% of their portfolio CHARLOTTE, NC 6,244,2206.2m $991.6m $991.6m 0.10% Added +408.0k +407,961
3 TIAA TRUST, NATIONAL ASSOCIATION 1.26% of their portfolio CHARLOTTE, NC 2,585,3882.6m $410.6m $410.6m 1.26% Added +122.6k +122,587
4 JONES FINANCIAL COMPANIES LLLP 0.51% of their portfolio DES PERES, MO 2,345,9302.3m $372.6m $372.6m 0.51% Added +79.0k +78,957
5 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 1,948,5311.9m $309.4m $309.4m 0.12% Added +42.4k +42,361
6 Starboard Value LP 5.60% of their portfolio New York, NY 1,705,0001.7m $270.8m $270.8m 5.60% Reduced -100.0k -100,000
7 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,363,1641.4m $216.5m $216.5m 0.01% Added +25.4k +25,404
8 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 1,352,3261.4m $214.8m $214.8m 0.05% Reduced -125.1k -125,116
9 COMMONWEALTH EQUITY SERVICES, LLC 0.32% of their portfolio WALTHAM, MA 1,203,8191.2m $191.2m $191.2m 0.32% Reduced -4.8k -4,847
10 PNC Financial Services Group, Inc. 0.13% of their portfolio Pittsburgh, PA 1,202,3221.2m $190.9m $190.9m 0.13% Reduced -724 -724
11 UBS Group AG 0.06% of their portfolio ZURICH, V8 1,068,1791.1m $169.6m $169.6m 0.06% Added +1.6k +1,580
12 D.A. DAVIDSON & CO. 1.45% of their portfolio GREAT FALLS, MT 1,016,9361.0m $161.5m $161.5m 1.45% Added +15.1k +15,137
13 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 962,793962.8k $152.9m $152.9m 0.04% Reduced -206.1k -206,118
14 Betterment LLC 0.40% of their portfolio NEW YORK, NY 933,000933.0k $148.2m $148.2m 0.40% Reduced -45.8k -45,758
15 M&T Bank Corp 0.51% of their portfolio BUFFALO, NY 916,060916.1k $145.5m $145.5m 0.51% Added +181.3k +181,305
16 Alaska Permanent Fund Corp 1.99% of their portfolio JUNEAU, AK 850,047850.0k $135.0m $135.0m 1.99% Reduced -31.5k -31,472
17 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 803,327803.3k $127.6m $127.6m 0.02% Reduced -11.3k -11,288
18 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 753,757753.8k $119.7m $119.7m 0.06% Added +18.8k +18,808
19 US BANCORP \DE\ 0.16% of their portfolio MINNEAPOLIS, MN 714,255714.3k $113.4m $113.4m 0.16% Added +23.1k +23,054
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 572,202572.2k $90.9m $90.9m 0.02% Added +34.7k +34,739
21 Cassaday & Co Wealth Management LLC 2.93% of their portfolio MCLEAN, VA 567,513567.5k $90.1m $90.1m 2.93% Added +12.9k +12,854
22 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 489,896489.9k $77.8m $77.8m 0.02% Added +9.9k +9,928
23 BAILARD, INC. 2.14% of their portfolio Foster City, CA 488,393488.4k $77.6m $77.6m 2.14% Added +459.4k +459,376
24 Allspring Global Investments Holdings, LLC 0.12% of their portfolio CHARLOTTE, NC 483,223483.2k $76.7m $76.7m 0.12% Added +124.4k +124,404
25 VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio San Antonio, TX 479,300479.3k $76.1m $76.1m 0.07% Reduced -112.3k -112,300
26 COMMERCE BANK 0.43% of their portfolio KANSAS CITY, MO 413,735413.7k $65.7m $65.7m 0.43% Added +7.0k +7,029
27 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 395,044395.0k $62.7m $62.7m 0.01% Reduced -59.7k -59,688
28 Jasper Ridge Partners, L.P. 1.93% of their portfolio MENLO PARK, CA 386,668386.7k $61.4m $61.4m 1.93% Reduced -11 -11
29 Facet Wealth, Inc. 1.89% of their portfolio WEST PALM BEACH, FL 359,875359.9k $56.0m $56.0m 1.89% Added +32.5k +32,451
30 Raymond James Financial Services Advisors, Inc. 0.08% of their portfolio ST. PETERSBURG, FL 359,351359.4k $57.1m $57.1m 0.08% Added +98.6k +98,560
31 RAYMOND JAMES & ASSOCIATES 0.04% of their portfolio ST PETERSBURG, FL 354,748354.7k $56.3m $56.3m 0.04% Added +112.2k +112,188
32 Badgley Phelps Wealth Managers, LLC 1.40% of their portfolio SEATTLE, WA 353,363353.4k $56.1m $56.1m 1.40% Added +3.3k +3,287
33 PICTON MAHONEY ASSET MANAGEMENT 2.17% of their portfolio Toronto, A6 325,175325.2k $51.6m $51.6m 2.17% Added +165.0k +165,046
34 SEI INVESTMENTS CO 0.07% of their portfolio OAKS, PA 317,478317.5k $50.4m $50.4m 0.07% Reduced -25.2k -25,226
35 AMG National Trust Bank 1.45% of their portfolio GREENWOOD VILLAGE, CO 312,347312.3k $49.6m $49.6m 1.45% Reduced -6.3k -6,266
36 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 298,612298.6k $47.4m $47.4m 0.08% Reduced -23.9k -23,862
37 WHITTIER TRUST CO 0.69% of their portfolio SOUTH PASADENA, CA 297,785297.8k $47.3m $47.3m 0.69% Added +960 +960
38 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.11% of their portfolio PLYMOUTH, MN 272,521272.5k $43.3m $43.3m 0.11% Added +17.4k +17,434
39 BROWN ADVISORY INC 0.06% of their portfolio BALTIMORE, MD 265,611265.6k $42.2m $42.2m 0.06% Reduced -48.3k -48,261
40 Rockefeller Capital Management L.P. 0.12% of their portfolio NEW YORK, NY 253,418253.4k $40.2m $40.2m 0.12% Reduced -66.2k -66,221
41 Waldron Private Wealth LLC 1.77% of their portfolio BRIDGEVILLE, PA 247,211247.2k $39.3m $39.3m 1.77% Reduced -36.9k -36,934
42 MAI Capital Management 0.40% of their portfolio INDEPENDENCE, OH 243,245243.2k $38.6m $38.6m 0.40% Added +584 +584
43 Pathstone Holdings, LLC 0.18% of their portfolio ENGLEWOOD, NJ 241,901241.9k $38.4m $38.4m 0.18% Reduced -2.5k -2,522
44 Comprehensive Financial Management LLC 1.18% of their portfolio Los Gatos, CA 230,481230.5k $36.6m $36.6m 1.18% Unchanged
45 STEPHENS GROUP ASSET MANAGEMENT, LLC 3.26% of their portfolio LITTLE ROCK, AR 225,060225.1k $35.7m $35.7m 3.26% Added +1.7k +1,657
46 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 223,660223.7k $35.5m $35.5m 0.08% Added +151.9k +151,873
47 CHOREO, LLC 0.90% of their portfolio ROCKFORD, IL 221,827221.8k $35.2m $35.2m 0.90% Added +2.8k +2,775
48 Pacific Life Fund Advisors LLC 3.39% of their portfolio NEWPORT BEACH, CA 217,693217.7k $34.6m $34.6m 3.39% Reduced -13.6k -13,618
49 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 217,339217.3k $34.5m $34.5m 0.01% Reduced -75.5k -75,458
50 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 215,424215.4k $34.2m $34.2m 0.04% Added +83.0k +83,046
51 Focus Partners Wealth 0.28% of their portfolio ST LOUIS, MO 213,873213.9k $34.0m $34.0m 0.28% Added +151.6k +151,612
52 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 212,237212.2k $33.7m $33.7m 0.05% Reduced -11.3k -11,327
53 BlackRock Inc. 0.00% of their portfolio New York, NY 194,524194.5k $30.9m $30.9m 0.00% Reduced -36.2k -36,214
54 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 182,472182.5k $29.0m $29.0m 0.01% Reduced -4.2k -4,171
55 Mariner, LLC 0.06% of their portfolio Overland Park, KS 172,339172.3k $27.4m $27.4m 0.06% Reduced -27.0k -26,980
56 WHITTIER TRUST CO OF NEVADA INC 0.75% of their portfolio RENO, NV 165,174165.2k $26.2m $26.2m 0.75% Added +2.9k +2,853
57 Quadrature Capital Ltd 0.45% of their portfolio LONDON, X0 164,101164.1k $26.1m $26.1m 0.45% New
58 CASTLEARK MANAGEMENT LLC 1.08% of their portfolio CHICAGO, IL 163,710163.7k $26.0m $26.0m 1.08% Unchanged
59 Modera Wealth Management, LLC 0.39% of their portfolio WESTWOOD, NJ 162,910162.9k $25.9m $25.9m 0.39% Reduced -1.4k -1,405
60 COURIER CAPITAL LLC 1.67% of their portfolio BUFFALO, NY 145,572145.6k $23.1m $23.1m 1.67% Reduced -1.5k -1,480
61 DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.27% of their portfolio CHICAGO, IL 143,990144.0k $22.9m $22.9m 0.27% Unchanged
62 SVB WEALTH LLC 0.51% of their portfolio BOSTON, MA 143,362143.4k $22.8m $22.8m 0.51% Reduced -16.7k -16,666
63 JOHNSON INVESTMENT COUNSEL INC 0.25% of their portfolio Cincinnati, OH 143,049143.0k $22.7m $22.7m 0.25% Added +5.2k +5,246
64 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 140,299140.3k $22.3m $22.3m 0.04% Added +2.4k +2,366
65 Arax Advisory Partners 2.31% of their portfolio NEW YORK, NY 137,702137.7k $21.9m $21.9m 2.31% Reduced -2.9k -2,881
66 STEPHENS INC /AR/ 0.33% of their portfolio LITTLE ROCK, AR 133,981134.0k $21.3m $21.3m 0.33% Reduced -54.6k -54,608
67 PRUDENTIAL FINANCIAL INC 0.03% of their portfolio NEWARK, NJ 123,883123.9k $19.7m $19.7m 0.03% Reduced -1.8k -1,780
68 FMR LLC 0.00% of their portfolio BOSTON, MA 122,848122.8k $19.5m $19.5m 0.00% Added +14.9k +14,926
69 COMERICA BANK 0.08% of their portfolio DALLAS, TX 117,358117.4k $18.6m $18.6m 0.08% Added +380 +380
70 SHAPIRO CAPITAL MANAGEMENT LLC 0.50% of their portfolio ATLANTA, GA 116,864116.9k $18.6m $18.6m 0.50% Added +114.4k +114,400
71 Fiduciary Trust Co 0.27% of their portfolio Boston, MA 112,011112.0k $17.8m $17.8m 0.27% Reduced -1.8k -1,792
72 GENDELL JEFFREY L 0.69% of their portfolio Greenwich, CT 111,876111.9k $17.8m $17.8m 0.69% Added +30.0k +30,000
73 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 111,000111.0k $17.6m $17.6m 0.04% Reduced -27.3k -27,300
74 Vestcor Inc 0.60% of their portfolio FREDERICTON, A3 110,500110.5k $17.5m $17.5m 0.60% Unchanged
75 Zhang Financial LLC 1.30% of their portfolio PORTAGE, MI 110,189110.2k $17.5m $17.5m 1.30% Reduced -2.5k -2,519
76 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 109,997110.0k $17.5m $17.5m 0.00% Added +37.1k +37,143
77 Covenant Partners, LLC 5.07% of their portfolio Nashville, TN 109,497109.5k $17.4m $17.4m 5.07% Reduced -5.3k -5,345
78 Savant Capital, LLC 0.20% of their portfolio ROCKFORD, IL 109,042109.0k $17.3m $17.3m 0.20% Reduced -815 -815
79 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.04% of their portfolio LOS ANGELES, CA 107,779107.8k $17.1m $17.1m 0.04% Reduced -82.6k -82,639
80 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 105,809105.8k $16.8m $16.8m 0.04% Reduced -21.9k -21,859
81 MONETA GROUP INVESTMENT ADVISORS LLC 0.27% of their portfolio ST LOUIS, MO 105,312105.3k $16.7m $16.7m 0.27% Added +29.1k +29,147
82 FIFTH THIRD BANCORP 0.07% of their portfolio CINCINNATI, OH 104,922104.9k $16.7m $16.7m 0.07% Reduced -12.4k -12,384
83 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 103,253103.3k $16.4m $16.4m 0.01% Added +33.4k +33,359
84 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 100,333100.3k $15.9m $15.9m 0.03% Reduced -26.8k -26,831
85 NEW SOUTH CAPITAL MANAGEMENT INC 0.62% of their portfolio MEMPHIS, TN 92,91092.9k $14.8m $14.8m 0.62% Added +20.0k +20,049
86 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.06% of their portfolio COLUMBUS, OH 92,86092.9k $14.7m $14.7m 0.06% Added +24.4k +24,440
87 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 92,10292.1k $14.6m $14.6m 0.05% Reduced -53.2k -53,197
88 SYNOVUS FINANCIAL CORP 0.19% of their portfolio Columbus, GA 91,79591.8k $14.6m $14.6m 0.19% Reduced -4.5k -4,454
89 Waverly Advisors, LLC 0.34% of their portfolio BIRMINGHAM, AL 91,60291.6k $14.5m $14.5m 0.34% Added +15.1k +15,113
90 ASPIRIANT, LLC 0.60% of their portfolio San Francisco, CA 91,40291.4k $14.5m $14.5m 0.60% Reduced -3.0k -3,040
91 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 87,65887.7k $13.9m $13.9m 0.04% Added +1.8k +1,804
92 Avantax Planning Partners, Inc. 0.45% of their portfolio DUBUQUE, IA 87,02687.0k $13.8m $13.8m 0.45% Reduced -501.0k -500,978
93 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 85,28785.3k $13.5m $13.5m 0.02% Reduced -17.3k -17,325
94 Flaharty Asset Management, LLC 2.00% of their portfolio CLEARWATER, FL 84,95285.0k $13.5m $13.5m 2.00% Reduced -2.5k -2,483
95 THOMPSON SIEGEL & WALMSLEY LLC 0.20% of their portfolio RICHMOND, VA 82,73382.7k $13.1m $13.1m 0.20% Reduced -6.9k -6,899
96 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 82,67482.7k $13.1m $13.1m 0.01% Added +4.1k +4,107
97 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 82,22582.2k $13.1m $13.1m 0.02% New
98 CHURCHILL MANAGEMENT Corp 0.16% of their portfolio Los Angeles, CA 80,10480.1k $12.7m $12.7m 0.16% New
99 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 77,87277.9k $12.4m $12.4m 0.00% Added +1.2k +1,174
100 Aristotle Capital Boston, LLC 0.38% of their portfolio BOSTON, MA 77,86477.9k $12.4m $12.4m 0.38% Reduced -32.0k -32,005