Vault-13

ISHARES TR IWN

RUS 2000 VAL ETF · ETP · CUSIP 464287630

967 institutional holders -23 vs Q1 2025
52,844,27252.8m shares reported held*
$8.3bnreported value*
51 new 304 added 358 reduced 66 sold out net sold ≈ $403.3m (-2.6m 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 ($65.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $157.85. Options: 5 managers hold calls ($53.2m notional), 3 hold puts ($3.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 843Q4 22: 936Q1 23: 873Q2 23: 888Q3 23: 889Q4 23: 974Q1 24: 956Q2 24: 933Q3 24: 979Q4 24: 1,062Q1 25: 990Q2 25: 967967Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022843
Q4 2022936
Q1 2023873
Q2 2023888
Q3 2023889
Q4 2023974
Q1 2024956
Q2 2024933
Q3 2024979
Q4 20241,062
Q1 2025990
Q2 2025967

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 294 bought or addedQ3 23: 396 cut or sold outQ4 23: 391 bought or addedQ4 23: 382 cut or sold outQ4 23Q1 24: 355 bought or addedQ1 24: 448 cut or sold outQ2 24: 336 bought or addedQ2 24: 438 cut or sold outQ2 24Q3 24: 374 bought or addedQ3 24: 397 cut or sold outQ4 24: 414 bought or addedQ4 24: 379 cut or sold outQ4 24Q1 25: 325 bought or addedQ1 25: 508 cut or sold outQ2 25: 355 bought or addedQ2 25: 424 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023294396
Q4 2023391382
Q1 2024355448
Q2 2024336438
Q3 2024374397
Q4 2024414379
Q1 2025325508
Q2 2025355424

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 24 calls: $156.5mQ3 24 puts: $34.4mQ3 24P/C 0.22Q4 24 calls: $89.5mQ4 24 puts: $24.4mQ4 24P/C 0.27Q1 25 calls: $68.5mQ1 25 puts: $4.5mQ1 25P/C 0.07Q2 25 calls: $53.2mQ2 25 puts: $3.1mQ2 25P/C 0.06
Numbers
QuarterCallsPutsP/C
Q3 2024$156.5m$34.4m0.22
Q4 2024$89.5m$24.4m0.27
Q1 2025$68.5m$4.5m0.07
Q2 2025$53.2m$3.1m0.06

Biggest buyers

ROYAL BANK OF CANADA Added +557,030+557.0k
BANK OF AMERICA CORP /DE/ Added +422,172+422.2k
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ Added +258,800+258.8k
BNP PARIBAS FINANCIAL MARKETS Added +253,326+253.3k
JONES FINANCIAL COMPANIES LLLP Added +157,461+157.5k
GOLDMAN SACHS GROUP INC Added +149,484+149.5k
Rockefeller Capital Management L.P. Added +127,602+127.6k
Pathstone Holdings, LLC Added +119,785+119.8k
Pacific Life Fund Advisors LLC Added +97,829+97.8k
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Added +55,950+56.0k

Biggest sellers

Alaska Permanent Fund Corp Sold out -2,402,269-2.4m
WELLINGTON MANAGEMENT GROUP LLP Reduced -369,232-369.2k
US BANCORP \DE\ Reduced -205,619-205.6k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -170,880-170.9k
RAYMOND JAMES FINANCIAL INC Reduced -131,116-131.1k
CITIGROUP INC Reduced -129,232-129.2k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Sold out -125,000-125.0k
Quadrature Capital Ltd Sold out -122,531-122.5k
UBS Group AG Reduced -108,809-108.8k
MORGAN STANLEY Reduced -102,319-102.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $31.8m201.3k shares
CITADEL ADVISORS LLC Reduced $11.4m72.5k shares
JANE STREET GROUP, LLC Added $4.6m29.4k shares
Walleye Trading LLC Added $4.2m26.4k shares
WOLVERINE TRADING, LLC Reduced $1.2m7.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.6m10.0k shares
CITADEL ADVISORS LLC Reduced $1.2m7.9k shares
WOLVERINE TRADING, LLC New $268.1k1.7k 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/ 0.09% of their portfolio CHARLOTTE, NC 6,753,8306.8m $1.1bn $1.1bn 0.09% Added +422.2k +422,172
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,953,5015.0m $781.5m $781.5m 0.05% Reduced -102.3k -102,319
3 TIAA TRUST, NATIONAL ASSOCIATION 1.10% of their portfolio CHARLOTTE, NC 2,672,6312.7m $421.5m $421.5m 1.10% Reduced -170.9k -170,880
4 JONES FINANCIAL COMPANIES LLLP 0.27% of their portfolio DES PERES, MO 2,217,8822.2m $349.7m $349.7m 0.27% Added +157.5k +157,461
5 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 2,043,7542.0m $322.4m $322.4m 0.09% Reduced -45.2k -45,184
6 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.91% of their portfolio HOUSTON, TX 1,290,4101.3m $203.6m $203.6m 1.91% Added +56.0k +55,950
7 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,218,2311.2m $192.2m $192.2m 0.03% Added +149.5k +149,484
8 D.A. DAVIDSON & CO. 1.32% of their portfolio GREAT FALLS, MT 1,184,4511.2m $186.9m $186.9m 1.32% Added +49.8k +49,811
9 PNC Financial Services Group, Inc. 0.11% of their portfolio Pittsburgh, PA 1,123,3391.1m $177.2m $177.2m 0.11% Reduced -75.6k -75,623
10 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,102,7441.1m $174.0m $174.0m 0.02% Added +557.0k +557,030
11 M&T Bank Corp 0.55% of their portfolio BUFFALO, NY 1,012,5491.0m $159.7m $159.7m 0.55% Reduced -36.7k -36,688
12 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,003,9751.0m $158.4m $158.4m 0.05% Added +17.5k +17,479
13 UBS Group AG 0.03% of their portfolio ZURICH, V8 972,092972.1k $153.4m $153.4m 0.03% Reduced -108.8k -108,809
14 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 923,138923.1k $145.6m $145.6m 0.03% Reduced -18.4k -18,412
15 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 905,799905.8k $142.9m $142.9m 0.19% Reduced -37.2k -37,187
16 Betterment LLC 0.25% of their portfolio NEW YORK, NY 748,283748.3k $118.0m $118.0m 0.25% Reduced -46.2k -46,190
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 707,190707.2k $111.6m $111.6m 0.02% Added +34.4k +34,397
18 Cassaday & Co Wealth Management LLC 2.44% of their portfolio MCLEAN, VA 616,743616.7k $97.3m $97.3m 2.44% Added +8.7k +8,667
19 Pacific Life Fund Advisors LLC 10.13% of their portfolio NEWPORT BEACH, CA 599,286599.3k $94.5m $94.5m 10.13% Added +97.8k +97,829
20 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 559,205559.2k $88.2m $88.2m 0.01% Reduced -51.7k -51,671
21 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 523,276523.3k $82.6m $82.6m 0.01% Added +47.4k +47,361
22 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 508,278508.3k $80.2m $80.2m 0.06% Added +253.3k +253,326
23 Pathstone Holdings, LLC 0.25% of their portfolio ENGLEWOOD, NJ 404,518404.5k $63.7m $63.7m 0.25% Added +119.8k +119,785
24 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 394,018394.0k $62.2m $62.2m 0.02% Reduced -131.1k -131,116
25 Badgley Phelps Wealth Managers, LLC 1.29% of their portfolio SEATTLE, WA 369,883369.9k $58.4m $58.4m 1.29% Added +9.8k +9,824
26 COMMERCE BANK 0.33% of their portfolio KANSAS CITY, MO 350,045350.0k $55.2m $55.2m 0.33% Added +6.9k +6,933
27 Jasper Ridge Partners, L.P. 1.27% of their portfolio MENLO PARK, CA 321,684321.7k $50.7m $50.7m 1.27% Reduced -24.9k -24,855
28 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 315,415315.4k $49.8m $49.8m 0.03% Added +11.0k +11,020
29 WHITTIER TRUST CO 0.58% of their portfolio SOUTH PASADENA, CA 307,192307.2k $48.5m $48.5m 0.58% Reduced -15.5k -15,498
30 STEPHENS GROUP ASSET MANAGEMENT, LLC 3.40% of their portfolio LITTLE ROCK, AR 299,683299.7k $47.3m $47.3m 3.40% Added +31.9k +31,886
31 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 285,170285.2k $45.0m $45.0m 0.05% Added +42.5k +42,475
32 Atom Investors LP 3.93% of their portfolio AUSTIN, TX 281,171281.2k $44.4m $44.4m 3.93% Added +40.1k +40,150
33 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 2.28% of their portfolio SALT LAKE CITY, UT 269,486269.5k $42.5m $42.5m 2.28% Added +258.8k +258,800
34 AMG National Trust Bank 1.11% of their portfolio GREENWOOD VILLAGE, CO 266,461266.5k $42.0m $42.0m 1.11% Reduced -11.7k -11,729
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 260,176260.2k $42.9m $42.9m 0.07% Added +7.8k +7,781
36 MAI Capital Management 0.28% of their portfolio INDEPENDENCE, OH 257,179257.2k $40.6m $40.6m 0.28% Added +66 +66
37 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 246,752246.8k $38.9m $38.9m 0.05% Added +127.6k +127,602
38 CHOREO, LLC 0.52% of their portfolio ROCKFORD, IL 236,711236.7k $37.3m $37.3m 0.52% Added +5.7k +5,743
39 Allspring Global Investments Holdings, LLC 0.06% of their portfolio CHARLOTTE, NC 236,638236.6k $37.3m $37.3m 0.06% Added +1.5k +1,531
40 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 235,758235.8k $37.2m $37.2m 0.06% Added +5.9k +5,945
41 NATIXIS ADVISORS, LLC 0.06% of their portfolio Boston, MA 230,606230.6k $36.4m $36.4m 0.06% Added +7.9k +7,868
42 Comprehensive Financial Management LLC 1.01% of their portfolio Los Gatos, CA 230,481230.5k $36.4m $36.4m 1.01% Unchanged
43 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 221,460221.5k $34.9m $34.9m 0.01% Reduced -14.1k -14,059
44 BROWN ADVISORY INC 0.05% of their portfolio BALTIMORE, MD 220,783220.8k $34.8m $34.8m 0.05% Added +49.0k +48,962
45 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 219,913219.9k $34.5m $34.5m 0.01% Added +4.9k +4,859
46 Waldron Private Wealth LLC 1.51% of their portfolio BRIDGEVILLE, PA 219,355219.4k $34.6m $34.6m 1.51% Reduced -2.6k -2,573
47 Wilmington Savings Fund Society, FSB 0.57% of their portfolio WILMINGTON, DE 204,437204.4k $32.3m $32.3m 0.57% Added +31 +31
48 Focus Partners Wealth 0.07% of their portfolio ST LOUIS, MO 197,505197.5k $31.2m $31.2m 0.07% Added +108 +108
49 Facet Wealth, Inc. 0.72% of their portfolio WEST PALM BEACH, FL 196,866196.9k $31.6m $31.6m 0.72% Reduced -33.1k -33,052
50 BlackRock, Inc. 0.00% of their portfolio New York, NY 175,686175.7k $27.7m $27.7m 0.00% Reduced -3.1k -3,088
51 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 174,472174.5k $27.5m $27.5m 0.03% Reduced -205.6k -205,619
52 WHITTIER TRUST CO OF NEVADA INC 0.61% of their portfolio RENO, NV 170,671170.7k $26.9m $26.9m 0.61% Reduced -7.0k -6,960
53 Mariner, LLC 0.04% of their portfolio Overland Park, KS 163,070163.1k $25.7m $25.7m 0.04% Reduced -8.9k -8,916
54 WoodTrust Financial Corp 3.22% of their portfolio WISCONSIN RAPIDS, WI 160,669160.7k $25.3m $25.3m 3.22% Reduced -2.3k -2,279
55 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 153,838153.8k $24.3m $24.3m 0.01% Reduced -2.3k -2,337
56 COURIER CAPITAL LLC 1.43% of their portfolio BUFFALO, NY 149,080149.1k $23.5m $23.5m 1.43% Added +1.7k +1,702
57 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 148,989149.0k $23.5m $23.5m 0.03% Reduced -33.3k -33,334
58 JOHNSON INVESTMENT COUNSEL INC 0.20% of their portfolio Cincinnati, OH 144,227144.2k $22.8m $22.8m 0.20% Reduced -1.2k -1,180
59 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 143,073143.1k $22.6m $22.6m 0.00% Reduced -369.2k -369,232
60 Modera Wealth Management, LLC 0.27% of their portfolio WESTWOOD, NJ 138,620138.6k $21.9m $21.9m 0.27% Reduced -5.6k -5,635
61 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 135,787135.8k $21.4m $21.4m 0.01% Reduced -2.1k -2,150
62 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 133,480133.5k $21.1m $21.1m 0.03% Reduced -70.1k -70,103
63 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.05% of their portfolio LOS ANGELES, CA 132,857132.9k $21.0m $21.0m 0.05% Reduced -48.1k -48,106
64 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 132,244132.2k $20.9m $20.9m 0.02% Reduced -41.6k -41,566
65 Leeward Investments, LLC - MA 1.10% of their portfolio BOSTON, MA 131,568131.6k $20.8m $20.8m 1.10% Reduced -4.6k -4,579
66 COMERICA BANK 0.08% of their portfolio DALLAS, TX 129,501129.5k $20.4m $20.4m 0.08% Added +3.2k +3,176
67 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 129,491129.5k $20.4m $20.4m 0.03% Reduced -1.8k -1,755
68 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 129,235129.2k $20.4m $20.4m 0.05% Added +45.5k +45,488
69 Pure Financial Advisors, LLC 0.36% of their portfolio SAN DIEGO, CA 129,107129.1k $20.4m $20.4m 0.36% Added +35.5k +35,474
70 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 118,026118.0k $18.6m $18.6m 0.03% Added +37.7k +37,701
71 Powell Investment Advisors, LLC 6.81% of their portfolio MIAMI, FL 115,109115.1k $18.2m $18.2m 6.81% Added +17.8k +17,829
72 Calamos Advisors LLC 0.08% of their portfolio NAPERVILLE, IL 113,214113.2k $17.9m $17.9m 0.08% Unchanged
73 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 109,152109.2k $17.2m $17.2m 0.03% Added +1.5k +1,497
74 Zhang Financial LLC 0.76% of their portfolio PORTAGE, MI 105,009105.0k $16.6m $16.6m 0.76% Added +1.8k +1,755
75 FMR LLC 0.00% of their portfolio BOSTON, MA 103,031103.0k $16.3m $16.3m 0.00% Reduced -58.1k -58,077
76 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 102,853102.9k $16.2m $16.2m 0.01% Reduced -129.2k -129,232
77 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 99,44799.4k $15.7m $15.7m 0.01% Added +211 +211
78 FLOW TRADERS U.S. LLC 0.57% of their portfolio NEW YORK, NY 97,86097.9k $15.4m $15.4m 0.57% Added +44.0k +44,047
79 Elite Financial, Inc. 7.55% of their portfolio LEWISTON, ID 95,94695.9k $15.3m $15.3m 7.55% Reduced -4.0k -3,962
80 Fiduciary Trust Co 0.18% of their portfolio Boston, MA 94,18894.2k $14.9m $14.9m 0.18% Reduced -11.1k -11,097
81 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 90,63090.6k $14.3m $14.3m 0.00% Added +864 +864
82 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.10% of their portfolio NEW YORK, NY 90,16890.2k $14.2m $14.2m 0.10% Added +19.4k +19,421
83 SYNOVUS FINANCIAL CORP 0.17% of their portfolio Columbus, GA 87,82687.8k $13.9m $13.9m 0.17% Reduced -691 -691
84 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 87,76087.8k $13.8m $13.8m 0.02% Added +1.9k +1,936
85 FIFTH THIRD BANCORP 0.05% of their portfolio CINCINNATI, OH 86,28186.3k $13.6m $13.6m 0.05% Reduced -4.1k -4,070
86 Savant Capital, LLC 0.10% of their portfolio ROCKFORD, IL 85,27585.3k $13.5m $13.5m 0.10% Reduced -3.6k -3,571
87 ASPIRIANT, LLC 0.43% of their portfolio San Francisco, CA 84,96185.0k $13.4m $13.4m 0.43% Reduced -901 -901
88 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 83,86583.9k $13.2m $13.2m 0.01% Added +8.5k +8,454
89 MONETA GROUP INVESTMENT ADVISORS LLC 0.15% of their portfolio ST LOUIS, MO 81,14081.1k $12.8m $12.8m 0.15% Reduced -11.2k -11,191
90 Waverly Advisors, LLC 0.14% of their portfolio BIRMINGHAM, AL 81,12181.1k $12.8m $12.8m 0.14% Reduced -6.8k -6,794
91 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 81,03581.0k $12.8m $12.8m 0.02% Added +10.0k +10,024
92 THOMPSON SIEGEL & WALMSLEY LLC 0.21% of their portfolio RICHMOND, VA 78,41278.4k $12.4m $12.4m 0.21% Reduced -7.7k -7,741
93 ROYCE & ASSOCIATES LP 0.13% of their portfolio New York, NY 77,69677.7k $12.3m $12.3m 0.13% Added +2.5k +2,469
94 SHAPIRO CAPITAL MANAGEMENT LLC 0.52% of their portfolio ATLANTA, GA 75,05575.1k $11.8m $11.8m 0.52% Reduced -20.8k -20,790
95 Wealthspire Advisors, LLC 0.07% of their portfolio NEW YORK, NY 74,91774.9k $11.8m $11.8m 0.07% Reduced -1.5k -1,529
96 CHURCHILL MANAGEMENT Corp 0.13% of their portfolio Los Angeles, CA 74,79474.8k $11.8m $11.8m 0.13% Reduced -411 -411
97 Hillcrest Wealth Advisors - NY, LLC 5.44% of their portfolio HAZLET, NJ 73,28073.3k $11.6m $11.6m 5.44% Reduced -1.4k -1,425
98 NorthCoast Asset Management LLC 0.05% of their portfolio STAMFORD, CT 69,13869.1k $10.9m $10.9m 0.05% Added +4.8k +4,819
99 Allworth Financial LP 0.05% of their portfolio FOLSOM, CA 67,24567.2k $10.6m $10.6m 0.05% Reduced -1.8k -1,792
100 BAILARD, INC. 0.25% of their portfolio Foster City, CA 66,66666.7k $10.5m $10.5m 0.25% Reduced -147 -147