Vault-13

ISHARES TR IWN

RUS 2000 VAL ETF · ETP · CUSIP 464287630

974 institutional holders +7 vs Q2 2025
50,562,80350.6m shares reported held*
$8.9bnreported value*
74 new 278 added 330 reduced 51 sold out net sold ≈ $365.8m (-2.1m 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 ($62.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $176.86. Options: 5 managers hold calls ($26.8m notional), 5 hold puts ($81.3m).

Trends to Q3 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: 967Q3 25: 974974Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025974

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 391 bought or addedQ4 23: 382 cut or sold outQ1 24: 355 bought or addedQ1 24: 448 cut or sold outQ1 24Q2 24: 336 bought or addedQ2 24: 438 cut or sold outQ3 24: 374 bought or addedQ3 24: 397 cut or sold outQ3 24Q4 24: 414 bought or addedQ4 24: 379 cut or sold outQ1 25: 325 bought or addedQ1 25: 508 cut or sold outQ1 25Q2 25: 355 bought or addedQ2 25: 424 cut or sold outQ3 25: 352 bought or addedQ3 25: 381 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023391382
Q1 2024355448
Q2 2024336438
Q3 2024374397
Q4 2024414379
Q1 2025325508
Q2 2025355424
Q3 2025352381

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ4 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 0.06Q3 25 calls: $26.8mQ3 25 puts: $81.3mQ3 25P/C 3.04
Numbers
QuarterCallsPutsP/C
Q4 2024$89.5m$24.4m0.27
Q1 2025$68.5m$4.5m0.07
Q2 2025$53.2m$3.1m0.06
Q3 2025$26.8m$81.3m3.04

Biggest buyers

TIAA TRUST, NATIONAL ASSOCIATION Added +1,671,191+1.7m
JPMORGAN CHASE & CO Added +345,378+345.4k
BNP PARIBAS FINANCIAL MARKETS Added +141,869+141.9k
TWO SIGMA INVESTMENTS, LP Added +113,500+113.5k
ENVESTNET ASSET MANAGEMENT INC Added +104,838+104.8k
Focus Partners Wealth Added +74,871+74.9k
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Added +67,903+67.9k
Advisors Preferred, LLC New +63,296+63.3k
JANE STREET GROUP, LLC New +62,816+62.8k
WELLINGTON MANAGEMENT GROUP LLP Added +58,675+58.7k

Biggest sellers

JONES FINANCIAL COMPANIES LLLP Reduced -1,947,804-1.9m
ROYAL BANK OF CANADA Reduced -595,544-595.5k
GOLDMAN SACHS GROUP INC Reduced -487,727-487.7k
MORGAN STANLEY Reduced -268,980-269.0k
Wilmington Savings Fund Society, FSB Reduced -193,606-193.6k
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Reduced -139,335-139.3k
UBS Group AG Reduced -132,521-132.5k
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ Reduced -130,707-130.7k
Rockefeller Capital Management L.P. Reduced -119,290-119.3k
Calamos Advisors LLC Sold out -113,214-113.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $16.2m91.4k shares
JANE STREET GROUP, LLC Added $7.5m42.2k shares
CITADEL ADVISORS LLC Reduced $2.5m13.9k shares
STEEL GROVE CAPITAL ADVISORS, LLC New $474.0k3.0k shares
WOLVERINE TRADING, LLC Reduced $229.5k1.3k shares

Biggest puts

LONESTAR CAPITAL MANAGEMENT LLC New $77.4m3.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.2m12.7k shares
CITADEL ADVISORS LLC Reduced $1.0m5.9k shares
JANE STREET GROUP, LLC New $353.6k2.0k shares
WOLVERINE TRADING, LLC Reduced $247.2k1.4k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 6,709,1386.7m $1.2bn $1.2bn 0.09% Reduced -44.7k -44,692
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,684,5214.7m $828.3m $828.3m 0.05% Reduced -269.0k -268,980
3 TIAA TRUST, NATIONAL ASSOCIATION 1.86% of their portfolio CHARLOTTE, NC 4,343,8224.3m $767.2m $767.2m 1.86% Added +1.7m +1,671,191
4 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 2,148,5922.1m $379.9m $379.9m 0.11% Added +104.8k +104,838
5 D.A. DAVIDSON & CO. 1.38% of their portfolio GREAT FALLS, MT 1,216,0601.2m $215.0m $215.0m 1.38% Added +31.6k +31,609
6 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.85% of their portfolio HOUSTON, TX 1,151,0751.2m $203.5m $203.5m 1.85% Reduced -139.3k -139,335
7 PNC Financial Services Group, Inc. 0.12% of their portfolio Pittsburgh, PA 1,111,7761.1m $196.6m $196.6m 0.12% Reduced -11.6k -11,563
8 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,010,1741.0m $178.6m $178.6m 0.05% Added +6.2k +6,199
9 M&T Bank Corp 0.59% of their portfolio BUFFALO, NY 994,564994.6k $175.8m $175.8m 0.59% Reduced -18.0k -17,985
10 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 886,266886.3k $156.7m $156.7m 0.03% Reduced -36.9k -36,872
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 868,654868.7k $153.6m $153.6m 0.00% Added +345.4k +345,378
12 UBS Group AG 0.03% of their portfolio ZURICH, V8 839,571839.6k $148.4m $148.4m 0.03% Reduced -132.5k -132,521
13 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 830,140830.1k $146.8m $146.8m 0.19% Reduced -75.7k -75,659
14 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 730,504730.5k $129.2m $129.2m 0.02% Reduced -487.7k -487,727
15 Betterment LLC 0.25% of their portfolio NEW YORK, NY 718,375718.4k $127.0m $127.0m 0.25% Reduced -29.9k -29,908
16 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 671,041671.0k $118.6m $118.6m 0.02% Reduced -36.1k -36,149
17 BNP PARIBAS FINANCIAL MARKETS 0.09% of their portfolio PARIS, I0 650,147650.1k $115.0m $115.0m 0.09% Added +141.9k +141,869
18 Cassaday & Co Wealth Management LLC 2.55% of their portfolio MCLEAN, VA 626,428626.4k $110.8m $110.8m 2.55% Added +9.7k +9,685
19 Pacific Life Fund Advisors LLC 9.99% of their portfolio NEWPORT BEACH, CA 550,817550.8k $97.4m $97.4m 9.99% Reduced -48.5k -48,469
20 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 548,170548.2k $96.9m $96.9m 0.01% Reduced -11.0k -11,035
21 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 507,200507.2k $89.7m $89.7m 0.02% Reduced -595.5k -595,544
22 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 411,160411.2k $72.7m $72.7m 0.02% Added +17.1k +17,142
23 Pathstone Holdings, LLC 0.27% of their portfolio ENGLEWOOD, NJ 403,492403.5k $71.3m $71.3m 0.27% Reduced -1.0k -1,026
24 Badgley Phelps Wealth Managers, LLC 1.39% of their portfolio SEATTLE, WA 374,531374.5k $66.2m $66.2m 1.39% Added +4.6k +4,648
25 COMMERCE BANK 0.33% of their portfolio KANSAS CITY, MO 336,913336.9k $59.6m $59.6m 0.33% Reduced -13.1k -13,132
26 Jasper Ridge Partners, L.P. 1.28% of their portfolio MENLO PARK, CA 321,684321.7k $56.9m $56.9m 1.28% Unchanged
27 WHITTIER TRUST CO 0.63% of their portfolio SOUTH PASADENA, CA 307,549307.5k $55.2m $55.2m 0.63% Added +357 +357
28 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 279,720279.7k $49.5m $49.5m 0.03% Reduced -35.7k -35,695
29 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 272,584272.6k $48.2m $48.2m 0.05% Reduced -12.6k -12,586
30 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 272,376272.4k $48.2m $48.2m 0.08% Added +74.9k +74,871
31 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 270,078270.1k $47.7m $47.7m 0.03% Reduced -1.9m -1,947,804
32 AMG National Trust Bank 1.11% of their portfolio GREENWOOD VILLAGE, CO 258,535258.5k $45.7m $45.7m 1.11% Reduced -7.9k -7,926
33 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 256,578256.6k $45.4m $45.4m 0.05% Added +20.8k +20,820
34 MAI Capital Management 0.28% of their portfolio INDEPENDENCE, OH 254,083254.1k $44.9m $44.9m 0.28% Reduced -3.1k -3,096
35 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 249,879249.9k $44.4m $44.4m 0.07% Reduced -10.3k -10,297
36 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 244,581244.6k $43.3m $43.3m 0.01% Added +24.7k +24,668
37 STEPHENS GROUP ASSET MANAGEMENT, LLC 2.86% of their portfolio LITTLE ROCK, AR 239,595239.6k $42.4m $42.4m 2.86% Reduced -60.1k -60,088
38 CHOREO, LLC 0.54% of their portfolio ROCKFORD, IL 236,397236.4k $41.8m $41.8m 0.54% Reduced -314 -314
39 Allspring Global Investments Holdings, LLC 0.07% of their portfolio CHARLOTTE, NC 236,121236.1k $41.7m $41.7m 0.07% Reduced -517 -517
40 Comprehensive Financial Management LLC 1.13% of their portfolio Los Gatos, CA 230,481230.5k $40.8m $40.8m 1.13% Unchanged
41 Atom Investors LP 3.07% of their portfolio AUSTIN, TX 229,369229.4k $40.6m $40.6m 3.07% Reduced -51.8k -51,802
42 Waldron Private Wealth LLC 1.56% of their portfolio BRIDGEVILLE, PA 218,385218.4k $38.6m $38.6m 1.56% Reduced -970 -970
43 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 212,212212.2k $37.5m $37.5m 0.01% Reduced -9.2k -9,248
44 Facet Wealth, Inc. 0.76% of their portfolio WEST PALM BEACH, FL 206,734206.7k $36.6m $36.6m 0.76% Added +9.9k +9,868
45 NATIXIS ADVISORS, LLC 0.05% of their portfolio Boston, MA 206,539206.5k $36.5m $36.5m 0.05% Reduced -24.1k -24,067
46 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 201,748201.7k $35.7m $35.7m 0.01% Added +58.7k +58,675
47 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.09% of their portfolio LOS ANGELES, CA 200,760200.8k $35.5m $35.5m 0.09% Added +67.9k +67,903
48 BROWN ADVISORY INC 0.04% of their portfolio BALTIMORE, MD 187,793187.8k $33.2m $33.2m 0.04% Reduced -33.0k -32,990
49 BlackRock, Inc. 0.00% of their portfolio New York, NY 185,978186.0k $32.9m $32.9m 0.00% Added +10.3k +10,292
50 WHITTIER TRUST CO OF NEVADA INC 0.66% of their portfolio RENO, NV 171,625171.6k $30.8m $30.8m 0.66% Added +954 +954
51 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 164,847164.8k $29.1m $29.1m 0.03% Reduced -9.6k -9,625
52 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 161,087161.1k $28.5m $28.5m 0.01% Added +7.2k +7,249
53 Mariner, LLC 0.04% of their portfolio Overland Park, KS 160,016160.0k $28.3m $28.3m 0.04% Reduced -3.1k -3,054
54 WoodTrust Financial Corp 3.34% of their portfolio WISCONSIN RAPIDS, WI 158,488158.5k $28.0m $28.0m 3.34% Reduced -2.2k -2,181
55 COURIER CAPITAL LLC 1.53% of their portfolio BUFFALO, NY 150,787150.8k $26.7m $26.7m 1.53% Added +1.7k +1,707
56 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 146,613146.6k $25.9m $25.9m 0.04% Added +13.1k +13,133
57 JOHNSON INVESTMENT COUNSEL INC 0.21% of their portfolio Cincinnati, OH 145,056145.1k $25.6m $25.6m 0.21% Added +829 +829
58 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 144,250144.2k $25.5m $25.5m 0.03% Reduced -4.7k -4,739
59 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 1.21% of their portfolio SALT LAKE CITY, UT 138,779138.8k $24.5m $24.5m 1.21% Reduced -130.7k -130,707
60 Modera Wealth Management, LLC 0.28% of their portfolio WESTWOOD, NJ 135,792135.8k $24.0m $24.0m 0.28% Reduced -2.8k -2,828
61 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 134,879134.9k $23.8m $23.8m 0.01% Reduced -908 -908
62 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 132,789132.8k $23.5m $23.5m 0.03% Added +3.3k +3,298
63 SHAPIRO CAPITAL MANAGEMENT LLC 1.01% of their portfolio ATLANTA, GA 132,380132.4k $23.4m $23.4m 1.01% Added +57.3k +57,325
64 Pure Financial Advisors, LLC 0.37% of their portfolio SAN DIEGO, CA 130,421130.4k $23.1m $23.1m 0.37% Added +1.3k +1,314
65 FMR LLC 0.00% of their portfolio BOSTON, MA 128,588128.6k $22.7m $22.7m 0.00% Added +25.6k +25,557
66 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 127,462127.5k $22.5m $22.5m 0.04% Reduced -119.3k -119,290
67 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 126,319126.3k $22.3m $22.3m 0.05% Reduced -2.9k -2,916
68 ROYCE & ASSOCIATES LP 0.22% of their portfolio New York, NY 126,115126.1k $22.3m $22.3m 0.22% Added +48.4k +48,419
69 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 125,037125.0k $22.0m $22.0m 0.03% Added +44.0k +44,002
70 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 115,000115.0k $20.3m $20.3m 0.03% Added +113.5k +113,500
71 Powell Investment Advisors, LLC 7.05% of their portfolio MIAMI, FL 113,998114.0k $20.2m $20.2m 7.05% Reduced -1.1k -1,111
72 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 110,229110.2k $19.5m $19.5m 0.03% Added +1.1k +1,077
73 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 109,108109.1k $19.3m $19.3m 0.01% Added +9.7k +9,661
74 COMERICA BANK 0.07% of their portfolio DALLAS, TX 104,093104.1k $18.4m $18.4m 0.07% Reduced -25.4k -25,408
75 Zhang Financial LLC 0.73% of their portfolio PORTAGE, MI 102,318102.3k $18.1m $18.1m 0.73% Reduced -2.7k -2,691
76 Elite Financial, Inc. 7.84% of their portfolio LEWISTON, ID 96,56296.6k $17.1m $17.1m 7.84% Added +616 +616
77 Fiduciary Trust Co 0.19% of their portfolio Boston, MA 92,44892.4k $16.3m $16.3m 0.19% Reduced -1.7k -1,740
78 Leeward Investments, LLC - MA 0.81% of their portfolio BOSTON, MA 89,56389.6k $15.8m $15.8m 0.81% Reduced -42.0k -42,005
79 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 89,28689.3k $15.8m $15.8m 0.03% Added +1.5k +1,526
80 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 88,99789.0k $15.7m $15.7m 0.00% Reduced -1.6k -1,633
81 SYNOVUS FINANCIAL CORP 0.18% of their portfolio Columbus, GA 87,88087.9k $15.5m $15.5m 0.18% Added +54 +54
82 FIFTH THIRD BANCORP 0.05% of their portfolio CINCINNATI, OH 85,79185.8k $15.2m $15.2m 0.05% Reduced -490 -490
83 Savant Capital, LLC 0.09% of their portfolio ROCKFORD, IL 84,81584.8k $15.0m $15.0m 0.09% Reduced -460 -460
84 ASPIRIANT, LLC 0.46% of their portfolio San Francisco, CA 84,67284.7k $15.0m $15.0m 0.46% Reduced -289 -289
85 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 84,65784.7k $15.0m $15.0m 0.01% Added +792 +792
86 Waverly Advisors, LLC 0.14% of their portfolio BIRMINGHAM, AL 78,88378.9k $13.9m $13.9m 0.14% Reduced -2.2k -2,238
87 THOMPSON SIEGEL & WALMSLEY LLC 0.22% of their portfolio RICHMOND, VA 77,19277.2k $13.6m $13.6m 0.22% Reduced -1.2k -1,220
88 Wealthspire Advisors, LLC 0.07% of their portfolio NEW YORK, NY 75,63375.6k $13.4m $13.4m 0.07% Added +716 +716
89 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 74,98775.0k $12.4m $12.4m 0.04% Added +36.3k +36,265
90 MONETA GROUP INVESTMENT ADVISORS LLC 0.10% of their portfolio ST LOUIS, MO 74,38074.4k $13.2m $13.2m 0.10% Reduced -6.8k -6,760
91 Hillcrest Wealth Advisors - NY, LLC 5.66% of their portfolio HAZLET, NJ 71,15571.2k $12.6m $12.6m 5.66% Reduced -2.1k -2,125
92 NorthCoast Asset Management LLC 0.05% of their portfolio STAMFORD, CT 68,39468.4k $12.1m $12.1m 0.05% Reduced -744 -744
93 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 67,03867.0k $11.9m $11.9m 0.01% Reduced -65.2k -65,206
94 Allworth Financial LP 0.05% of their portfolio FOLSOM, CA 66,07366.1k $11.7m $11.7m 0.05% Reduced -1.2k -1,172
95 BAILARD, INC. 0.25% of their portfolio Foster City, CA 65,90565.9k $11.7m $11.7m 0.25% Reduced -761 -761
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 63,32963.3k $11.2m $11.2m 0.01% Reduced -716 -716
97 Advisors Preferred, LLC 1.66% of their portfolio ROCKVILLE, MD 63,29663.3k $11.2m $11.2m 1.66% New
98 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 62,81662.8k $11.1m $11.1m 0.01% New
99 SONATA CAPITAL GROUP INC 4.10% of their portfolio SEATTLE, WA 62,71562.7k $11.1m $11.1m 4.10% Reduced -22 -22
100 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.07% of their portfolio NEW YORK, NY 62,71062.7k $11.1m $11.1m 0.07% Reduced -27.5k -27,458