Vault-13

ISHARES TR IWN

RUS 2000 VAL ETF · ETP · CUSIP 464287630

1,046 institutional holders +72 vs Q3 2025
50,227,92850.2m shares reported held*
$9.1bnreported value*
85 new 322 added 309 reduced 54 sold out net sold ≈ $95.5m (-526.3k 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 ($60.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $181.42. Options: 4 managers hold calls ($19.9m notional), 3 hold puts ($5.2m).

Trends to Q4 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: 974Q4 25: 1,0461,046Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,046

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 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 25Q3 25: 352 bought or addedQ3 25: 381 cut or sold outQ4 25: 407 bought or addedQ4 25: 363 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024355448
Q2 2024336438
Q3 2024374397
Q4 2024414379
Q1 2025325508
Q2 2025355424
Q3 2025352381
Q4 2025407363

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ1 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 3.04Q4 25 calls: $19.9mQ4 25 puts: $5.2mQ4 25P/C 0.26
Numbers
QuarterCallsPutsP/C
Q1 2025$68.5m$4.5m0.07
Q2 2025$53.2m$3.1m0.06
Q3 2025$26.8m$81.3m3.04
Q4 2025$19.9m$5.2m0.26

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,168,011+1.2m
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Added +268,684+268.7k
FULLER & THALER ASSET MANAGEMENT, INC. Added +249,943+249.9k
SILVERCREST ASSET MANAGEMENT GROUP LLC Added +147,991+148.0k
Corient Private Wealth LP Added +137,632+137.6k
WELLS FARGO & COMPANY/MN Added +130,498+130.5k
Advisors Preferred, LLC Added +120,027+120.0k
Arax Advisory Partners New +114,420+114.4k
PRINCIPAL FINANCIAL GROUP INC Added +102,801+102.8k
BROWN ADVISORY INC Added +93,531+93.5k

Biggest sellers

TIAA TRUST, NATIONAL ASSOCIATION Reduced -1,595,467-1.6m
JPMORGAN CHASE & CO Reduced -429,186-429.2k
MORGAN STANLEY Reduced -414,795-414.8k
Atom Investors LP Reduced -223,908-223.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -203,496-203.5k
Facet Wealth, Inc. Reduced -171,233-171.2k
Pacific Life Fund Advisors LLC Reduced -118,510-118.5k
WHITTIER TRUST CO Reduced -105,583-105.6k
ROYCE & ASSOCIATES LP Reduced -104,453-104.5k
VICTORY CAPITAL MANAGEMENT INC Reduced -83,540-83.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $13.3m73.2k shares
JANE STREET GROUP, LLC Reduced $4.3m23.5k shares
CITADEL ADVISORS LLC Reduced $1.9m10.7k shares
VISTA INVESTMENT PARTNERS LLC New $453.0k2.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.0m16.3k shares
JANE STREET GROUP, LLC Added $1.2m6.8k shares
CITADEL ADVISORS LLC Reduced $978.5k5.4k 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 BANK OF AMERICA CORP /DE/ 0.10% of their portfolio CHARLOTTE, NC 7,877,1497.9m $1.4bn $1.4bn 0.10% Added +1.2m +1,168,011
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,269,7264.3m $773.7m $773.7m 0.05% Reduced -414.8k -414,795
3 TIAA TRUST, NATIONAL ASSOCIATION 1.20% of their portfolio CHARLOTTE, NC 2,748,3552.7m $500.3m $500.3m 1.20% Reduced -1.6m -1,595,467
4 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 2,183,1202.2m $395.6m $395.6m 0.12% Added +34.5k +34,528
5 D.A. DAVIDSON & CO. 1.38% of their portfolio GREAT FALLS, MT 1,246,3421.2m $225.8m $225.8m 1.38% Added +30.3k +30,282
6 PNC Financial Services Group, Inc. 0.11% of their portfolio Pittsburgh, PA 1,113,0751.1m $201.7m $201.7m 0.11% Added +1.3k +1,299
7 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 1.96% of their portfolio HOUSTON, TX 1,106,3701.1m $200.5m $200.5m 1.96% Reduced -44.7k -44,705
8 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,102,6361.1m $199.8m $199.8m 0.05% Added +92.5k +92,462
9 M&T Bank Corp 0.59% of their portfolio BUFFALO, NY 1,018,0051.0m $184.5m $184.5m 0.59% Added +23.4k +23,441
10 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 1,016,7641.0m $184.2m $184.2m 0.04% Added +130.5k +130,498
11 UBS Group AG 0.03% of their portfolio ZURICH, V8 805,863805.9k $146.0m $146.0m 0.03% Reduced -33.7k -33,708
12 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 792,632792.6k $143.6m $143.6m 0.19% Reduced -37.5k -37,508
13 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 712,109712.1k $129.0m $129.0m 0.02% Reduced -18.4k -18,395
14 Betterment LLC 0.24% of their portfolio NEW YORK, NY 695,877695.9k $126.1m $126.1m 0.24% Reduced -22.5k -22,498
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 651,326651.3k $118.0m $118.0m 0.02% Reduced -19.7k -19,715
16 Cassaday & Co Wealth Management LLC 2.43% of their portfolio MCLEAN, VA 635,650635.6k $115.2m $115.2m 2.43% Added +9.2k +9,222
17 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 625,170625.2k $113.3m $113.3m 0.01% Added +77.0k +77,000
18 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 533,289533.3k $96.6m $96.6m 0.02% Added +26.1k +26,089
19 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.23% of their portfolio LOS ANGELES, CA 469,444469.4k $85.1m $85.1m 0.23% Added +268.7k +268,684
20 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 446,651446.7k $80.9m $80.9m 0.05% Reduced -203.5k -203,496
21 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 439,468439.5k $79.6m $79.6m 0.01% Reduced -429.2k -429,186
22 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 438,703438.7k $79.5m $79.5m 0.02% Added +27.5k +27,543
23 Pacific Life Fund Advisors LLC 8.07% of their portfolio NEWPORT BEACH, CA 432,307432.3k $78.3m $78.3m 8.07% Reduced -118.5k -118,510
24 Pathstone Holdings, LLC 0.28% of their portfolio ENGLEWOOD, NJ 396,958397.0k $71.9m $71.9m 0.28% Reduced -6.5k -6,534
25 Badgley Phelps Wealth Managers, LLC 1.28% of their portfolio SEATTLE, WA 386,692386.7k $70.1m $70.1m 1.28% Added +12.2k +12,161
26 Focus Partners Wealth 0.07% of their portfolio ST LOUIS, MO 340,890340.9k $61.8m $61.8m 0.07% Added +68.5k +68,514
27 COMMERCE BANK 0.33% of their portfolio KANSAS CITY, MO 328,019328.0k $59.4m $59.4m 0.33% Reduced -8.9k -8,894
28 Jasper Ridge Partners, L.P. 1.29% of their portfolio MENLO PARK, CA 321,684321.7k $58.3m $58.3m 1.29% Unchanged
29 FULLER & THALER ASSET MANAGEMENT, INC. 0.09% of their portfolio SAN MATEO, CA 299,500299.5k $54.3m $54.3m 0.09% Added +249.9k +249,943
30 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 284,245284.2k $49.9m $49.9m 0.03% Added +137.6k +137,632
31 BROWN ADVISORY INC 0.07% of their portfolio BALTIMORE, MD 281,324281.3k $51.0m $51.0m 0.07% Added +93.5k +93,531
32 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 276,744276.7k $50.1m $50.1m 0.03% Added +6.7k +6,666
33 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 272,735272.7k $49.4m $49.4m 0.05% Added +16.2k +16,157
34 SEI INVESTMENTS CO 0.05% of their portfolio OAKS, PA 268,617268.6k $48.7m $48.7m 0.05% Reduced -4.0k -3,967
35 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 262,548262.5k $47.6m $47.6m 0.01% Added +18.0k +17,967
36 MAI Capital Management 0.27% of their portfolio INDEPENDENCE, OH 258,426258.4k $46.8m $46.8m 0.27% Added +4.3k +4,343
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 245,809245.8k $46.2m $46.2m 0.06% Reduced -4.1k -4,070
38 CHOREO, LLC 0.57% of their portfolio ROCKFORD, IL 244,290244.3k $44.6m $44.6m 0.57% Added +7.9k +7,893
39 AMG National Trust Bank 1.04% of their portfolio GREENWOOD VILLAGE, CO 243,727243.7k $44.2m $44.2m 1.04% Reduced -14.8k -14,808
40 STEPHENS GROUP ASSET MANAGEMENT, LLC 2.90% of their portfolio LITTLE ROCK, AR 239,531239.5k $43.4m $43.4m 2.90% Reduced -64 -64
41 Comprehensive Financial Management LLC 1.26% of their portfolio Los Gatos, CA 230,481230.5k $41.8m $41.8m 1.26% Unchanged
42 Allspring Global Investments Holdings, LLC 0.06% of their portfolio CHARLOTTE, NC 219,792219.8k $39.8m $39.8m 0.06% Reduced -16.3k -16,329
43 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.26% of their portfolio NEW YORK, NY 210,701210.7k $38.2m $38.2m 0.26% Added +148.0k +147,991
44 NATIXIS ADVISORS, LLC 0.05% of their portfolio Boston, MA 208,594208.6k $37.8m $37.8m 0.05% Added +2.1k +2,055
45 Waldron Private Wealth LLC 1.48% of their portfolio BRIDGEVILLE, PA 206,914206.9k $37.5m $37.5m 1.48% Reduced -11.5k -11,471
46 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 205,779205.8k $37.3m $37.3m 0.01% Reduced -6.4k -6,433
47 WHITTIER TRUST CO 0.41% of their portfolio SOUTH PASADENA, CA 201,966202.0k $38.0m $38.0m 0.41% Reduced -105.6k -105,583
48 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 196,180196.2k $35.5m $35.5m 0.02% Reduced -83.5k -83,540
49 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 194,904194.9k $35.3m $35.3m 0.06% Added +67.4k +67,442
50 Advisors Preferred, LLC 5.46% of their portfolio ROCKVILLE, MD 183,323183.3k $33.5m $33.5m 5.46% Added +120.0k +120,027
51 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 168,592168.6k $30.6m $30.6m 0.01% Reduced -33.2k -33,156
52 Mariner, LLC 0.04% of their portfolio Overland Park, KS 168,244168.2k $30.5m $30.5m 0.04% Added +8.2k +8,228
53 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 164,593164.6k $29.8m $29.8m 0.03% Reduced -254 -254
54 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 160,937160.9k $29.2m $29.2m 0.01% Reduced -150 -150
55 WoodTrust Financial Corp 3.34% of their portfolio WISCONSIN RAPIDS, WI 157,875157.9k $28.6m $28.6m 3.34% Reduced -613 -613
56 JOHNSON INVESTMENT COUNSEL INC 0.23% of their portfolio Cincinnati, OH 155,544155.5k $28.2m $28.2m 0.23% Added +10.5k +10,488
57 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 154,468154.5k $28.0m $28.0m 0.01% Added +102.8k +102,801
58 FMR LLC 0.00% of their portfolio BOSTON, MA 151,992152.0k $27.5m $27.5m 0.00% Added +23.4k +23,404
59 COURIER CAPITAL LLC 1.55% of their portfolio BUFFALO, NY 151,988152.0k $27.5m $27.5m 1.55% Added +1.2k +1,201
60 Pure Financial Advisors, LLC 0.38% of their portfolio SAN DIEGO, CA 141,735141.7k $25.7m $25.7m 0.38% Added +11.3k +11,314
61 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 141,404141.4k $25.6m $25.6m 0.03% Reduced -2.8k -2,846
62 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 1.16% of their portfolio SALT LAKE CITY, UT 138,541138.5k $25.1m $25.1m 1.16% Reduced -238 -238
63 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 135,170135.2k $24.5m $24.5m 0.03% Added +2.4k +2,381
64 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 133,110133.1k $24.1m $24.1m 0.01% Reduced -1.8k -1,769
65 Modera Wealth Management, LLC 0.28% of their portfolio WESTWOOD, NJ 132,971133.0k $24.1m $24.1m 0.28% Reduced -2.8k -2,821
66 BlackRock, Inc. 0.00% of their portfolio New York, NY 131,342131.3k $23.8m $23.8m 0.00% Reduced -54.6k -54,636
67 Allworth Financial LP 0.09% of their portfolio FOLSOM, CA 127,322127.3k $23.1m $23.1m 0.09% Added +61.2k +61,249
68 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 123,335123.3k $22.3m $22.3m 0.01% Added +14.2k +14,227
69 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 121,076121.1k $21.9m $21.9m 0.03% Reduced -4.0k -3,961
70 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 115,390115.4k $20.9m $20.9m 0.03% Added +5.2k +5,161
71 Arax Advisory Partners 0.60% of their portfolio NEW YORK, NY 114,420114.4k $20.7m $20.7m 0.60% New
72 Powell Investment Advisors, LLC 7.12% of their portfolio MIAMI, FL 114,148114.1k $20.7m $20.7m 7.12% Added +150 +150
73 WHITTIER TRUST CO OF NEVADA INC 0.44% of their portfolio RENO, NV 113,692113.7k $21.4m $21.4m 0.44% Reduced -57.9k -57,933
74 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 113,370113.4k $20.5m $20.5m 0.04% Reduced -12.9k -12,949
75 COMERICA BANK 0.08% of their portfolio DALLAS, TX 106,952107.0k $19.4m $19.4m 0.08% Added +2.9k +2,859
76 Zhang Financial LLC 0.68% of their portfolio PORTAGE, MI 99,955100.0k $18.1m $18.1m 0.68% Reduced -2.4k -2,363
77 Elite Financial, Inc. 7.94% of their portfolio LEWISTON, ID 96,32496.3k $17.5m $17.5m 7.94% Reduced -238 -238
78 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 95,95796.0k $17.4m $17.4m 0.01% Added +7.0k +6,960
79 Pinnacle Financial Partners, Inc. 0.13% of their portfolio ATLANTA, GA 92,40192.4k $16.7m $16.7m 0.13% First filing
80 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 91,27291.3k $16.5m $16.5m 0.01% Added +24.2k +24,234
81 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 91,16891.2k $16.5m $16.5m 0.00% Added +82.5k +82,494
82 THOMPSON SIEGEL & WALMSLEY LLC 0.28% of their portfolio RICHMOND, VA 90,55990.6k $16.4m $16.4m 0.28% Added +13.4k +13,367
83 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 89,57389.6k $16.2m $16.2m 0.03% Added +287 +287
84 Fiduciary Trust Co 0.18% of their portfolio Boston, MA 89,17789.2k $16.2m $16.2m 0.18% Reduced -3.3k -3,271
85 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 87,53587.5k $15.9m $15.9m 0.01% Added +2.9k +2,878
86 Savant Capital, LLC 0.09% of their portfolio ROCKFORD, IL 85,00585.0k $15.4m $15.4m 0.09% Added +190 +190
87 FIFTH THIRD BANCORP 0.05% of their portfolio CINCINNATI, OH 84,28184.3k $15.3m $15.3m 0.05% Reduced -1.5k -1,510
88 ASPIRIANT, LLC 0.43% of their portfolio San Francisco, CA 82,41582.4k $14.9m $14.9m 0.43% Reduced -2.3k -2,257
89 Waverly Advisors, LLC 0.12% of their portfolio BIRMINGHAM, AL 80,11380.1k $14.5m $14.5m 0.12% Added +1.2k +1,230
90 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 78,22478.2k $14.2m $14.2m 0.01% New
91 Wealthspire Advisors, LLC 0.11% of their portfolio NEW YORK, NY 77,48077.5k $14.0m $14.0m 0.11% Added +1.8k +1,847
92 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 76,04676.0k $13.8m $13.8m 0.01% Added +17.2k +17,152
93 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 72,56572.6k $13.1m $13.1m 0.01% Added +63.4k +63,403
94 MONETA GROUP INVESTMENT ADVISORS LLC 0.10% of their portfolio ST LOUIS, MO 72,31772.3k $13.1m $13.1m 0.10% Reduced -2.1k -2,063
95 Hillcrest Wealth Advisors - NY, LLC 5.49% of their portfolio HAZLET, NJ 70,33070.3k $12.7m $12.7m 5.49% Reduced -825 -825
96 BAILARD, INC. 0.28% of their portfolio Foster City, CA 69,16569.2k $12.5m $12.5m 0.28% Added +3.3k +3,260
97 Boston Partners 0.01% of their portfolio BOSTON, MA 65,10965.1k $11.9m $11.9m 0.01% Added +44.6k +44,553
98 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 64,15764.2k $11.6m $11.6m 0.01% Added +828 +828
99 LBJ Family Wealth Advisors, Ltd. 6.19% of their portfolio AUSTIN, TX 62,12762.1k $11.3m $11.3m 6.19% Reduced -157 -157
100 SONATA CAPITAL GROUP INC 4.01% of their portfolio SEATTLE, WA 61,23061.2k $11.1m $11.1m 4.01% Reduced -1.5k -1,485