Vault-13

ISHARES TR IWM

RUSSELL 2000 ETF · ETP · CUSIP 464287655 · ISIN US4642876555

2,374 institutional holders +5 vs Q1 2025
300,038,165300.0m shares reported held*
$64.8bnreported value*
173 new 744 added 1,016 reduced 156 sold out net sold ≈ $2.3bn (-10.7m 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 ($62.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $215.85. Options: 92 managers hold calls ($62.7bn notional), 152 hold puts ($119.4bn).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,866Q4 22: 1,990Q1 23: 1,911Q2 23: 1,968Q3 23: 1,923Q4 23: 2,220Q1 24: 2,209Q2 24: 2,166Q3 24: 2,257Q4 24: 2,534Q1 25: 2,369Q2 25: 2,3742,374Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20221,866
Q4 20221,990
Q1 20231,911
Q2 20231,968
Q3 20231,923
Q4 20232,220
Q1 20242,209
Q2 20242,166
Q3 20242,257
Q4 20242,534
Q1 20252,369
Q2 20252,374

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 23: 780 bought or addedQ3 23: 882 cut or sold outQ4 23: 1,110 bought or addedQ4 23: 783 cut or sold outQ4 23Q1 24: 994 bought or addedQ1 24: 1,020 cut or sold outQ2 24: 916 bought or addedQ2 24: 1,042 cut or sold outQ2 24Q3 24: 1,076 bought or addedQ3 24: 890 cut or sold outQ4 24: 1,164 bought or addedQ4 24: 865 cut or sold outQ4 24Q1 25: 889 bought or addedQ1 25: 1,328 cut or sold outQ2 25: 917 bought or addedQ2 25: 1,172 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023780882
Q4 20231,110783
Q1 20249941,020
Q2 20249161,042
Q3 20241,076890
Q4 20241,164865
Q1 20258891,328
Q2 20259171,172

Calls vs puts

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

CallsPuts
$0$50bn$100bn$150bnQ3 24 calls: $56.9bnQ3 24 puts: $126.9bnQ3 24P/C 2.23Q4 24 calls: $45.6bnQ4 24 puts: $109.6bnQ4 24P/C 2.41Q1 25 calls: $45.2bnQ1 25 puts: $107.8bnQ1 25P/C 2.38Q2 25 calls: $62.7bnQ2 25 puts: $119.4bnQ2 25P/C 1.91
Numbers
QuarterCallsPutsP/C
Q3 2024$56.9bn$126.9bn2.23
Q4 2024$45.6bn$109.6bn2.41
Q1 2025$45.2bn$107.8bn2.38
Q2 2025$62.7bn$119.4bn1.91

Biggest buyers

ROYAL BANK OF CANADA Added +6,394,602+6.4m
Holocene Advisors, LP New +5,700,000+5.7m
BANK OF AMERICA CORP /DE/ Added +4,564,399+4.6m
JPMORGAN CHASE & CO Added +2,134,779+2.1m
Durable Capital Partners LP Added +1,333,316+1.3m
BANK OF MONTREAL /CAN/ Added +1,247,970+1.2m
Corient Private Wealth LP Added +861,459+861.5k
Jump Financial, LLC Added +737,984+738.0k
TWO SIGMA INVESTMENTS, LP New +677,611+677.6k
Rockefeller Capital Management L.P. Added +664,427+664.4k

Biggest sellers

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -5,350,000-5.3m
TUDOR INVESTMENT CORP ET AL Reduced -3,523,473-3.5m
GOLDMAN SACHS GROUP INC Reduced -3,224,987-3.2m
JONES FINANCIAL COMPANIES LLLP Reduced -3,101,275-3.1m
MORGAN STANLEY Reduced -2,374,239-2.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -2,208,561-2.2m
HRT FINANCIAL LP Reduced -2,135,063-2.1m
BNP PARIBAS FINANCIAL MARKETS Reduced -1,762,208-1.8m
OLD MISSION CAPITAL LLC Reduced -1,583,102-1.6m
US BANCORP \DE\ Reduced -1,305,159-1.3m

Biggest calls

JANE STREET GROUP, LLC Reduced $7.6bn35.3m shares
BARCLAYS PLC Added $6.8bn31.7m shares
Rokos Capital Management LLP Added $5.0bn23.4m shares
CITADEL ADVISORS LLC Added $5.0bn23.0m shares
CTC LLC Added $4.1bn19.2m shares
GOLDMAN SACHS GROUP INC Added $3.5bn16.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.4bn16.0m shares
ROYAL BANK OF CANADA Added $3.2bn15.0m shares
TUDOR INVESTMENT CORP ET AL Added $3.2bn14.6m shares
MILLENNIUM MANAGEMENT LLC Reduced $2.2bn10.2m shares

Biggest puts

JANE STREET GROUP, LLC Reduced $10.3bn47.5m shares
BANK OF AMERICA CORP /DE/ Reduced $10.0bn46.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.9bn45.9m shares
BARCLAYS PLC Added $9.3bn43.1m shares
TUDOR INVESTMENT CORP ET AL Added $7.6bn35.0m shares
CTC LLC Added $7.2bn33.2m shares
CITADEL ADVISORS LLC Reduced $6.6bn30.7m shares
ROYAL BANK OF CANADA Added $5.8bn26.9m shares
MILLENNIUM MANAGEMENT LLC Reduced $5.0bn23.3m shares
GOLDMAN SACHS GROUP INC Added $4.8bn22.3m 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/ 0.65% of their portfolio CHARLOTTE, NC 37,178,22037.2m $8.0bn $8.0bn 0.65% Added +4.6m +4,564,399
2 GOLDMAN SACHS GROUP INC 0.76% of their portfolio NEW YORK, NY 21,899,59821.9m $4.7bn $4.7bn 0.76% Reduced -3.2m -3,224,987
3 MORGAN STANLEY 0.29% of their portfolio NEW YORK, NY 20,861,71520.9m $4.5bn $4.5bn 0.29% Reduced -2.4m -2,374,239
4 WELLS FARGO & COMPANY/MN 0.74% of their portfolio SAN FRANCISCO, CA 15,617,66915.6m $3.4bn $3.4bn 0.74% Added +392.6k +392,628
5 ROYAL BANK OF CANADA 0.24% of their portfolio TORONTO, A6 11,268,60811.3m $2.4bn $2.4bn 0.24% Added +6.4m +6,394,602
6 BlackRock, Inc. 0.04% of their portfolio New York, NY 9,153,6019.2m $2.0bn $2.0bn 0.04% Reduced -241.6k -241,625
7 Empower Advisory Group, LLC 5.57% of their portfolio Greenwood Village, CO 8,616,8668.6m $1.9bn $1.9bn 5.57% Added +472.8k +472,801
8 JPMORGAN CHASE & CO 0.12% of their portfolio NEW YORK, NY 8,178,9218.2m $1.8bn $1.8bn 0.12% Added +2.1m +2,134,779
9 LPL Financial LLC 0.51% of their portfolio FORT MILL, SC 7,052,9067.1m $1.5bn $1.5bn 0.51% Added +156.0k +156,030
10 Rafferty Asset Management, LLC 4.80% of their portfolio New York, NY 6,747,8296.7m $1.5bn $1.5bn 4.80% Added +648.8k +648,801
11 Holocene Advisors, LP 3.03% of their portfolio New York, NY 5,700,0005.7m $1.2bn $1.2bn 3.03% New
12 BANK OF MONTREAL /CAN/ 0.53% of their portfolio TORONTO, A6 4,863,3684.9m $1.0bn $1.0bn 0.53% Added +1.2m +1,247,970
13 JONES FINANCIAL COMPANIES LLLP 0.79% of their portfolio DES PERES, MO 4,814,0064.8m $1.0bn $1.0bn 0.79% Reduced -3.1m -3,101,275
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.56% of their portfolio BALA CYNWYD, PA 4,730,5114.7m $1.0bn $1.0bn 1.56% Reduced -2.2m -2,208,561
15 BNP PARIBAS FINANCIAL MARKETS 0.72% of their portfolio PARIS, I0 4,306,1984.3m $929.2m $929.2m 0.72% Reduced -1.8m -1,762,208
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.81% of their portfolio TORONTO, A6 4,178,0004.2m $901.6m $901.6m 1.81% Reduced -5.3m -5,350,000
17 NORTHERN TRUST CORP 0.12% of their portfolio CHICAGO, IL 4,167,4824.2m $899.3m $899.3m 0.12% Added +113.6k +113,611
18 UBS Group AG 0.18% of their portfolio ZURICH, V8 4,093,5614.1m $883.3m $883.3m 0.18% Reduced -623.1k -623,117
19 BARCLAYS PLC 0.27% of their portfolio LONDON, X0 3,139,2463.1m $677.4m $677.4m 0.27% Reduced -1.2m -1,200,359
20 CANADA PENSION PLAN INVESTMENT BOARD 0.56% of their portfolio TORONTO ONTARIO, A6 3,010,0003.0m $649.5m $649.5m 0.56% Unchanged
21 PNC Financial Services Group, Inc. 0.42% of their portfolio Pittsburgh, PA 2,995,5883.0m $646.4m $646.4m 0.42% Reduced -58.8k -58,803
22 US BANCORP \DE\ 0.72% of their portfolio MINNEAPOLIS, MN 2,663,8802.7m $574.8m $574.8m 0.72% Reduced -1.3m -1,305,159
23 Durable Capital Partners LP 4.24% of their portfolio Bethesda, MD 2,596,6682.6m $560.3m $560.3m 4.24% Added +1.3m +1,333,316
24 M&T Bank Corp 1.74% of their portfolio BUFFALO, NY 2,353,2902.4m $507.8m $507.8m 1.74% Reduced -3.8k -3,770
25 FMR LLC 0.03% of their portfolio BOSTON, MA 2,263,3562.3m $488.4m $488.4m 0.03% Added +228.9k +228,915
26 Treasurer of the State of North Carolina 1.40% of their portfolio RALEIGH, NC 2,015,9902.0m $435.0m $435.0m 1.40% Added +557.8k +557,755
27 Bank of New York Mellon Corp 0.08% of their portfolio NEW YORK, NY 1,931,5151.9m $416.8m $416.8m 0.08% Added +46.8k +46,806
28 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 1,862,8301.9m $402.0m $402.0m 0.14% Reduced -36.7k -36,711
29 Corient Private Wealth LP 0.53% of their portfolio MIAMI, FL 1,851,0031.9m $399.4m $399.4m 0.53% Added +861.5k +861,459
30 Millburn Ridgefield LLC /DE/ 8.58% of their portfolio New York, NY 1,651,7771.7m $356.4m $356.4m 8.58% Reduced -99.9k -99,862
31 Catalyst Capital Advisors LLC 7.20% of their portfolio San Juan, PR 1,651,7771.7m $356.4m $356.4m 7.20% Reduced -99.9k -99,862
32 Optiver Holding B.V. 9.27% of their portfolio AMSTERDAM, P7 1,592,1081.6m $343.6m $343.6m 9.27% Added +586.9k +586,871
33 Rockefeller Capital Management L.P. 0.41% of their portfolio NEW YORK, NY 1,587,8341.6m $347.3m $347.3m 0.41% Added +664.4k +664,427
34 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 1,567,2291.6m $338.2m $338.2m 0.10% Added +6.7k +6,738
35 HRT FINANCIAL LP 1.69% of their portfolio NEW YORK, NY 1,464,0491.5m $315.9m $315.9m 1.69% Reduced -2.1m -2,135,063
36 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 1,391,8381.4m $300.1m $300.1m 0.07% Reduced -128.7k -128,715
37 CIBC WORLD MARKET INC. 0.65% of their portfolio TORONTO, A6 1,365,2761.4m $294.6m $294.6m 0.65% Reduced -1.1m -1,052,614
38 TRUIST FINANCIAL CORP 0.38% of their portfolio CHARLOTTE, NC 1,203,8291.2m $259.8m $259.8m 0.38% Reduced -102.9k -102,858
39 CITIGROUP INC 0.17% of their portfolio NEW YORK, NY 1,155,4371.2m $249.3m $249.3m 0.17% Reduced -1.3m -1,256,565
40 59 North Capital Management, LP 7.42% of their portfolio Houston, TX 963,347963.3k $207.9m $207.9m 7.42% Reduced -767.8k -767,816
41 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 955,946955.9k $206.3m $206.3m 0.04% Reduced -142.6k -142,566
42 Pathstone Holdings, LLC 0.77% of their portfolio ENGLEWOOD, NJ 934,166934.2k $195.7m $195.7m 0.77% Added +29.7k +29,722
43 ALLIANCEBERNSTEIN L.P. 0.07% of their portfolio NASHVILLE, TN 933,568933.6k $201.5m $201.5m 0.07% Added +371.2k +371,229
44 AVANTAX ADVISORY SERVICES, INC. 1.09% of their portfolio DALLAS, TX 916,552916.6k $197.8m $197.8m 1.09% Added +16.5k +16,484
45 Jump Financial, LLC 2.28% of their portfolio Chicago, IL 860,330860.3k $185.7m $185.7m 2.28% Added +738.0k +737,984
46 SG Americas Securities, LLC 0.81% of their portfolio NEW YORK, NY 855,385855.4k $184.6m $184.6m 0.81% Added +165.5k +165,537
47 BROWN ADVISORY INC 0.24% of their portfolio BALTIMORE, MD 854,875854.9k $184.5m $184.5m 0.24% Added +34.8k +34,765
48 Jefferies Financial Group Inc. 3.02% of their portfolio NEW YORK, NY 849,018849.0k $183.2m $183.2m 3.02% Added +283.6k +283,563
49 AMG National Trust Bank 4.76% of their portfolio GREENWOOD VILLAGE, CO 838,266838.3k $180.9m $180.9m 4.76% Reduced -30.7k -30,684
50 KEYBANK NATIONAL ASSOCIATION/OH 0.65% of their portfolio BROOKLYN, OH 813,724813.7k $175.6m $175.6m 0.65% Reduced -10.4k -10,387
51 JANE STREET GROUP, LLC 0.28% of their portfolio NEW YORK, NY 801,695801.7k $173.0m $173.0m 0.28% Reduced -1.8k -1,831
52 CITADEL ADVISORS LLC 0.14% of their portfolio MIAMI, FL 747,937747.9k $161.4m $161.4m 0.14% Reduced -780.3k -780,349
53 D. E. Shaw & Co., Inc. 0.15% of their portfolio New York, NY 715,950716.0k $154.5m $154.5m 0.15% Added +545.1k +545,150
54 Cetera Investment Advisers 0.26% of their portfolio SCHAUMBURG, IL 710,230710.2k $153.3m $153.3m 0.26% Added +358 +358
55 MIRAE ASSET SECURITIES (USA) INC. 6.69% of their portfolio NEW YORK, NY 702,253702.3k $151.5m $151.5m 6.69% Added +128.2k +128,200
56 LBMC INVESTMENT ADVISORS, LLC 10.80% of their portfolio BRENTWOOD, TN 701,496701.5k $151.4m $151.4m 10.80% Reduced -8.7k -8,691
57 Ensign Peak Advisors, Inc 0.26% of their portfolio SALT LAKE CITY, UT 696,089696.1k $150.2m $150.2m 0.26% Added +340.2k +340,182
58 TWO SIGMA INVESTMENTS, LP 0.26% of their portfolio NEW YORK, NY 677,611677.6k $146.2m $146.2m 0.26% New
59 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 674,856674.9k $145.6m $145.6m 0.04% Reduced -67.4k -67,443
60 FIFTH THIRD BANCORP 0.47% of their portfolio CINCINNATI, OH 629,487629.5k $135.8m $135.8m 0.47% Reduced -43.7k -43,713
61 Mariner, LLC 0.20% of their portfolio Overland Park, KS 627,185627.2k $135.3m $135.3m 0.20% Reduced -12.9k -12,939
62 CIBC Private Wealth Group LLC 0.24% of their portfolio ATLANTA, GA 625,341625.3k $134.9m $134.9m 0.24% Added +24.2k +24,227
63 Baird Financial Group, Inc. 0.23% of their portfolio MILWAUKEE, WI 615,948615.9k $132.9m $132.9m 0.23% Added +37.1k +37,074
64 Sand Hill Global Advisors, LLC 4.88% of their portfolio Palo Alto, CA 609,174609.2k $131.5m $131.5m 4.88% Reduced -34.8k -34,767
65 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 589,534589.5k $127.2m $127.2m 0.09% Added +82.5k +82,488
66 TIAA TRUST, NATIONAL ASSOCIATION 0.33% of their portfolio CHARLOTTE, NC 582,675582.7k $125.7m $125.7m 0.33% Reduced -43.0k -43,017
67 SYNOVUS FINANCIAL CORP 1.53% of their portfolio Columbus, GA 578,275578.3k $124.8m $124.8m 1.53% Added +763 +763
68 Creative Planning 0.10% of their portfolio OVERLAND PARK, KS 567,965568.0k $122.6m $122.6m 0.10% Reduced -35.8k -35,781
69 OLD MISSION CAPITAL LLC 3.26% of their portfolio CHICAGO, IL 567,762567.8k $122.5m $122.5m 3.26% Reduced -1.6m -1,583,102
70 STIFEL FINANCIAL CORP 0.12% of their portfolio ST. LOUIS, MO 563,267563.3k $121.5m $121.5m 0.12% Reduced -36.6k -36,583
71 COMMONWEALTH EQUITY SERVICES, LLC 0.16% of their portfolio WALTHAM, MA 552,746552.7k $119.3m $119.3m 0.16% Reduced -137.6k -137,607
72 HighTower Advisors, LLC 0.15% of their portfolio CHICAGO, IL 545,219545.2k $117.7m $117.7m 0.15% Reduced -25.8k -25,810
73 Cerity Partners LLC 0.21% of their portfolio NEW YORK, NY 537,357537.4k $116.0m $116.0m 0.21% Reduced -33.0k -33,015
74 CTC LLC 7.20% of their portfolio CHICAGO, IL 522,847522.8k $112.8m $112.8m 7.20% New
75 BLAIR WILLIAM & CO/IL 0.30% of their portfolio CHICAGO, IL 493,580493.6k $106.5m $106.5m 0.30% Reduced -24.9k -24,873
76 MAI Capital Management 0.72% of their portfolio INDEPENDENCE, OH 481,751481.8k $104.0m $104.0m 0.72% Added +38.2k +38,161
77 Valiant Capital Management, L.P. 7.99% of their portfolio San Francisco, CA 480,107480.1k $103.6m $103.6m 7.99% Reduced -13.3k -13,270
78 BROADWOOD CAPITAL INC 6.68% of their portfolio New York, NY 474,920474.9k $102.5m $102.5m 6.68% Unchanged
79 GTS SECURITIES LLC 4.54% of their portfolio NEW YORK, NY 471,762471.8k $101.8m $101.8m 4.54% Added +253.3k +253,258
80 COMMERCE BANK 0.60% of their portfolio KANSAS CITY, MO 467,128467.1k $100.8m $100.8m 0.60% Reduced -8.8k -8,754
81 OSAIC HOLDINGS, INC. 0.18% of their portfolio SCOTTSDALE, AZ 461,911461.9k $99.7m $99.7m 0.18% Added +25.5k +25,467
82 Squarepoint Ops LLC 0.21% of their portfolio NEW YORK, NY 435,629435.6k $94.0m $94.0m 0.21% Added +5.2k +5,247
83 Glenmede Investment Management, LP 0.47% of their portfolio PHILADELPHIA, PA 434,294434.3k $93.7m $93.7m 0.47% First filing
84 Cresset Asset Management, LLC 0.45% of their portfolio Chicago, IL 412,539412.5k $89.0m $89.0m 0.45% Added +7.8k +7,849
85 State of New Jersey Common Pension Fund D 0.34% of their portfolio TRENTON, NJ 402,418402.4k $86.8m $86.8m 0.34% Unchanged
86 CITIZENS FINANCIAL GROUP INC/RI 1.33% of their portfolio PROVIDENCE, RI 382,467382.5k $82.5m $82.5m 1.33% Reduced -18.7k -18,653
87 Focus Partners Wealth 0.18% of their portfolio ST LOUIS, MO 376,321376.3k $81.2m $81.2m 0.18% Added +27.6k +27,598
88 HALBERT HARGROVE GLOBAL ADVISORS, LLC 4.08% of their portfolio LONG BEACH, CA 359,468359.5k $77.6m $77.6m 4.08% Added +6.3k +6,298
89 MERCER GLOBAL ADVISORS INC /ADV 0.17% of their portfolio DENVER, CO 342,933342.9k $74.0m $74.0m 0.17% Added +112.4k +112,399
90 Starboard Value LP 1.27% of their portfolio New York, NY 340,000340.0k $73.4m $73.4m 1.27% New
91 Stairway Partners, LLC 4.01% of their portfolio MINNEAPOLIS, MN 327,375327.4k $70.6m $70.6m 4.01% Added +34.4k +34,386
92 CAPTRUST FINANCIAL ADVISORS 0.16% of their portfolio RALEIGH, NC 324,160324.2k $70.0m $70.0m 0.16% Added +957 +957
93 WASHINGTON TRUST Co 2.45% of their portfolio WESTERLY, RI 320,725320.7k $69.2m $69.2m 2.45% Reduced -3.7k -3,661
94 Atom Investors LP 6.02% of their portfolio AUSTIN, TX 314,828314.8k $67.9m $67.9m 6.02% Added +301.8k +301,769
95 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 314,169314.2k $67.8m $67.8m 0.04% Reduced -24.3k -24,294
96 Arvest Bank Trust Division 3.78% of their portfolio DEWEY, OK 300,518300.5k $64.8m $64.8m 3.78% Added +5.7k +5,682
97 WOLVERINE TRADING, LLC 1.61% of their portfolio CHICAGO, IL 294,264294.3k $63.4m $63.4m 1.61% Reduced -3.4k -3,412
98 COMERICA BANK 0.25% of their portfolio DALLAS, TX 293,960294.0k $63.4m $63.4m 0.25% Reduced -1.8k -1,775
99 National Philanthropic Trust 0.83% of their portfolio Jenkintown, PA 287,655287.7k $62.1m $62.1m 0.83% Added +15.3k +15,332
100 REGIONS FINANCIAL CORP 0.42% of their portfolio BIRMINGHAM, AL 283,440283.4k $61.2m $61.2m 0.42% Added +5.2k +5,171