Vault-13

ISHARES TR IWM

RUSSELL 2000 ETF · ETP · CUSIP 464287655 · ISIN US4642876555

2,588 institutional holders -16 vs Q4 2025
305,816,362305.8m shares reported held*
$75.8bnreported value*
154 new 899 added 990 reduced 167 sold out net bought ≈ $5.1bn (+20.4m 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 ($91.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $247.73. Options: 89 managers hold calls ($40.3bn notional), 186 hold puts ($102.5bn).

Trends to Q1 2026

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: 2,374Q3 25: 2,439Q4 25: 2,604Q1 26: 2,5882,588Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 20252,439
Q4 20252,604
Q1 20262,588

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 24: 916 bought or addedQ2 24: 1,042 cut or sold outQ3 24: 1,076 bought or addedQ3 24: 890 cut or sold outQ3 24Q4 24: 1,164 bought or addedQ4 24: 865 cut or sold outQ1 25: 889 bought or addedQ1 25: 1,328 cut or sold outQ1 25Q2 25: 917 bought or addedQ2 25: 1,172 cut or sold outQ3 25: 995 bought or addedQ3 25: 1,083 cut or sold outQ3 25Q4 25: 1,069 bought or addedQ4 25: 1,042 cut or sold outQ1 26: 1,053 bought or addedQ1 26: 1,157 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20249161,042
Q3 20241,076890
Q4 20241,164865
Q1 20258891,328
Q2 20259171,172
Q3 20259951,083
Q4 20251,0691,042
Q1 20261,0531,157

Calls vs puts

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

CallsPuts
$0$50bn$100bn$150bnQ2 25 calls: $62.7bnQ2 25 puts: $119.4bnQ2 25P/C 1.91Q3 25 calls: $51.7bnQ3 25 puts: $126.4bnQ3 25P/C 2.44Q4 25 calls: $38.6bnQ4 25 puts: $85.4bnQ4 25P/C 2.21Q1 26 calls: $40.3bnQ1 26 puts: $102.5bnQ1 26P/C 2.54
Numbers
QuarterCallsPutsP/C
Q2 2025$62.7bn$119.4bn1.91
Q3 2025$51.7bn$126.4bn2.44
Q4 2025$38.6bn$85.4bn2.21
Q1 2026$40.3bn$102.5bn2.54

Biggest buyers

MORGAN STANLEY Added +12,640,789+12.6m
CITIGROUP INC Added +5,288,480+5.3m
GOLDMAN SACHS GROUP INC Added +4,487,772+4.5m
Treasurer of the State of North Carolina Added +3,884,893+3.9m
JPMORGAN CHASE & CO Added +2,063,362+2.1m
UBS Group AG Added +1,911,669+1.9m
BNP PARIBAS FINANCIAL MARKETS Added +1,205,881+1.2m
AIA Group Ltd Added +1,201,808+1.2m
US BANCORP \DE\ Added +1,156,047+1.2m
BARCLAYS PLC Added +1,143,326+1.1m

Biggest sellers

LPL Financial LLC Reduced -3,709,737-3.7m
WELLS FARGO & COMPANY/MN Reduced -2,569,157-2.6m
BANK OF AMERICA CORP /DE/ Reduced -2,156,196-2.2m
ROYAL BANK OF CANADA Reduced -1,704,290-1.7m
IMC-Chicago, LLC Sold out -1,585,486-1.6m
Rafferty Asset Management, LLC Reduced -1,321,565-1.3m
Allianz Asset Management GmbH Sold out -1,173,150-1.2m
Jefferies Financial Group Inc. Reduced -842,653-842.7k
Corient Private Wealth LP Reduced -808,241-808.2k
HSBC HOLDINGS PLC Reduced -807,515-807.5k

Biggest calls

JANE STREET GROUP, LLC Added $7.0bn28.3m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.3bn21.4m shares
CITADEL ADVISORS LLC Reduced $3.7bn15.1m shares
TUDOR INVESTMENT CORP ET AL Added $3.0bn12.0m shares
MILLENNIUM MANAGEMENT LLC Reduced $3.0bn12.0m shares
BARCLAYS PLC Reduced $2.8bn11.5m shares
CITIGROUP INC Added $1.8bn7.1m shares
WELLS FARGO & COMPANY/MN Added $1.4bn5.7m shares
BANK OF MONTREAL /CAN/ Added $1.4bn5.5m shares
UBS Group AG Reduced $1.2bn4.9m shares

Biggest puts

JANE STREET GROUP, LLC Added $18.9bn76.2m shares
MILLENNIUM MANAGEMENT LLC Added $10.0bn40.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.1bn36.5m shares
BARCLAYS PLC Added $7.7bn31.0m shares
CITADEL ADVISORS LLC Reduced $5.3bn21.2m shares
TUDOR INVESTMENT CORP ET AL Reduced $5.1bn20.6m shares
CITIGROUP INC Reduced $4.6bn18.6m shares
ROYAL BANK OF CANADA Reduced $3.5bn14.0m shares
WELLS FARGO & COMPANY/MN Reduced $2.3bn9.2m shares
GOLDMAN SACHS GROUP INC Added $2.2bn9.0m 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.75% of their portfolio CHARLOTTE, NC 41,595,53941.6m $10.3bn $10.3bn 0.75% Reduced -2.2m -2,156,196
2 MORGAN STANLEY 0.44% of their portfolio NEW YORK, NY 29,761,92929.8m $7.4bn $7.4bn 0.44% Added +12.6m +12,640,789
3 GOLDMAN SACHS GROUP INC 0.63% of their portfolio NEW YORK, NY 19,230,80819.2m $4.8bn $4.8bn 0.63% Added +4.5m +4,487,772
4 BlackRock, Inc. 0.05% of their portfolio New York, NY 10,497,29110.5m $2.6bn $2.6bn 0.05% Added +160.2k +160,152
5 WELLS FARGO & COMPANY/MN 0.47% of their portfolio SAN FRANCISCO, CA 9,561,7529.6m $2.4bn $2.4bn 0.47% Reduced -2.6m -2,569,157
6 Empower Advisory Group, LLC 5.53% of their portfolio Greenwood Village, CO 8,590,7518.6m $2.1bn $2.1bn 5.53% Added +120.5k +120,455
7 CITIGROUP INC 1.34% of their portfolio NEW YORK, NY 8,469,6158.5m $2.1bn $2.1bn 1.34% Added +5.3m +5,288,480
8 UBS Group AG 0.30% of their portfolio ZURICH, V8 6,736,5616.7m $1.7bn $1.7bn 0.30% Added +1.9m +1,911,669
9 ROYAL BANK OF CANADA 0.29% of their portfolio TORONTO, A6 6,233,1756.2m $1.5bn $1.5bn 0.29% Reduced -1.7m -1,704,290
10 BNP PARIBAS FINANCIAL MARKETS 1.01% of their portfolio PARIS, I0 6,167,4666.2m $1.5bn $1.5bn 1.01% Added +1.2m +1,205,881
11 JPMORGAN CHASE & CO 0.10% of their portfolio NEW YORK, NY 6,156,6486.2m $1.5bn $1.5bn 0.10% Added +2.1m +2,063,362
12 Treasurer of the State of North Carolina 4.61% of their portfolio RALEIGH, NC 5,913,2565.9m $1.5bn $1.5bn 4.61% Added +3.9m +3,884,893
13 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.92% of their portfolio TORONTO, A6 4,680,0004.7m $1.2bn $1.2bn 1.92% Reduced -249.0k -249,000
14 BARCLAYS PLC 0.41% of their portfolio LONDON, X0 4,676,7754.7m $1.2bn $1.2bn 0.41% Added +1.1m +1,143,326
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 1.40% of their portfolio BALA CYNWYD, PA 4,358,7604.4m $1.1bn $1.1bn 1.40% Added +462.4k +462,362
16 NORTHERN TRUST CORP 0.14% of their portfolio CHICAGO, IL 4,147,7064.1m $1.0bn $1.0bn 0.14% Reduced -104.9k -104,866
17 HRT FINANCIAL LP 3.47% of their portfolio NEW YORK, NY 3,924,2273.9m $973.2m $973.2m 3.47% Reduced -194.9k -194,938
18 LPL Financial LLC 0.25% of their portfolio FORT MILL, SC 3,737,2403.7m $926.8m $926.8m 0.25% Reduced -3.7m -3,709,737
19 Rafferty Asset Management, LLC 3.68% of their portfolio New York, NY 3,657,1673.7m $907.0m $907.0m 3.68% Reduced -1.3m -1,321,565
20 BANK OF MONTREAL /CAN/ 0.35% of their portfolio TORONTO, A6 3,474,6483.5m $861.7m $861.7m 0.35% Reduced -247.9k -247,923
21 US BANCORP \DE\ 1.04% of their portfolio MINNEAPOLIS, MN 3,465,6323.5m $859.5m $859.5m 1.04% Added +1.2m +1,156,047
22 PNC Financial Services Group, Inc. 0.46% of their portfolio Pittsburgh, PA 3,187,4673.2m $790.5m $790.5m 0.46% Added +197.2k +197,189
23 JANE STREET GROUP, LLC 0.80% of their portfolio NEW YORK, NY 2,984,4793.0m $740.2m $740.2m 0.80% Added +1.1m +1,063,224
24 FMR LLC 0.04% of their portfolio BOSTON, MA 2,933,9122.9m $727.6m $727.6m 0.04% Added +741.1k +741,080
25 CANADA PENSION PLAN INVESTMENT BOARD 0.44% of their portfolio TORONTO ONTARIO, A6 2,781,0002.8m $689.7m $689.7m 0.44% Unchanged
26 M&T Bank Corp 1.74% of their portfolio BUFFALO, NY 2,050,0472.1m $508.4m $508.4m 1.74% Reduced -179.7k -179,697
27 RAYMOND JAMES FINANCIAL INC 0.15% of their portfolio ST. PETERSBURG, FL 2,005,4202.0m $497.3m $497.3m 0.15% Added +119.2k +119,195
28 AIA Group Ltd 6.72% of their portfolio HONG KONG, K3 1,864,1181.9m $462.3m $462.3m 6.72% Added +1.2m +1,201,808
29 Bank of New York Mellon Corp 0.08% of their portfolio NEW YORK, NY 1,854,3651.9m $459.9m $459.9m 0.08% Reduced -46.1k -46,092
30 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 1,783,4491.8m $442.2m $442.2m 0.12% Reduced -246.4k -246,397
31 Cetera Investment Advisers 0.46% of their portfolio SCHAUMBURG, IL 1,758,3331.8m $436.1m $436.1m 0.46% Added +33.9k +33,853
32 Millburn Ridgefield LLC /DE/ 8.56% of their portfolio New York, NY 1,603,6671.6m $397.7m $397.7m 8.56% Added +171.9k +171,918
33 Catalyst Capital Advisors LLC 7.41% of their portfolio San Juan, PR 1,603,6671.6m $397.7m $397.7m 7.41% Added +171.9k +171,918
34 Jump Financial, LLC 5.68% of their portfolio Chicago, IL 1,548,5741.5m $384.0m $384.0m 5.68% Reduced -106.5k -106,454
35 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 1,476,6541.5m $366.3m $366.3m 0.08% Added +102.4k +102,386
36 CIBC WORLD MARKET INC. 0.60% of their portfolio TORONTO, A6 1,381,7441.4m $342.7m $342.7m 0.60% Reduced -487.7k -487,721
37 JONES FINANCIAL COMPANIES LLLP 0.14% of their portfolio DES PERES, MO 1,191,9171.2m $290.4m $290.4m 0.14% Added +152.9k +152,917
38 TRUIST FINANCIAL CORP 0.40% of their portfolio CHARLOTTE, NC 1,182,8551.2m $293.3m $293.3m 0.40% Reduced -77.0k -76,974
39 D. E. Shaw & Co., Inc. 0.22% of their portfolio New York, NY 1,108,0361.1m $274.8m $274.8m 0.22% Added +449.7k +449,677
40 WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio Boston, MA 1,090,0631.1m $270.3m $270.3m 0.05% Added +157.0k +156,964
41 Pinnacle Financial Partners, Inc. 2.03% of their portfolio ATLANTA, GA 1,069,4451.1m $265.2m $265.2m 2.03% Added +10.2k +10,199
42 Durable Capital Partners LP 2.62% of their portfolio Bethesda, MD 1,027,6141.0m $254.8m $254.8m 2.62% Added +930.8k +930,838
43 MIRAE ASSET SECURITIES (USA) INC. 11.90% of their portfolio NEW YORK, NY 1,015,9941.0m $252.0m $252.0m 11.90% Reduced -70.5k -70,537
44 BROWN ADVISORY INC 0.40% of their portfolio BALTIMORE, MD 981,679981.7k $243.5m $243.5m 0.40% Reduced -36.6k -36,581
45 FIFTH THIRD BANCORP 0.43% of their portfolio CINCINNATI, OH 957,068957.1k $237.4m $237.4m 0.43% Added +364.8k +364,779
46 GENDELL JEFFREY L 3.22% of their portfolio Greenwich, CT 954,068954.1k $236.6m $236.6m 3.22% New
47 True Freedom Investing, LLC 17.51% of their portfolio COEUR D'ALENE, ID 920,668920.7k $228.3m $228.3m 17.51% Added +912.2k +912,239
48 Valiant Capital Management, L.P. 17.72% of their portfolio San Francisco, CA 907,801907.8k $225.1m $225.1m 17.72% Added +250.5k +250,500
49 Jefferies Financial Group Inc. 2.68% of their portfolio NEW YORK, NY 884,238884.2k $219.3m $219.3m 2.68% Reduced -842.7k -842,653
50 AMG National Trust Bank 4.63% of their portfolio GREENWOOD VILLAGE, CO 860,460860.5k $213.4m $213.4m 4.63% Added +37.8k +37,843
51 KEYBANK NATIONAL ASSOCIATION/OH 0.71% of their portfolio BROOKLYN, OH 787,623787.6k $195.3m $195.3m 0.71% Reduced -4.9k -4,865
52 Pathstone Holdings, LLC 0.78% of their portfolio ENGLEWOOD, NJ 786,519786.5k $195.1m $195.1m 0.78% Reduced -18.3k -18,331
53 Rockefeller Capital Management L.P. 0.34% of their portfolio NEW YORK, NY 770,766770.8k $191.2m $191.2m 0.34% Added +59.5k +59,488
54 CIBC Bancorp USA Inc. 0.24% of their portfolio CHICAGO, IL 708,544708.5k $175.6m $175.6m 0.24% First filing
55 LBMC INVESTMENT ADVISORS, LLC 10.66% of their portfolio BRENTWOOD, TN 704,809704.8k $174.8m $174.8m 10.66% Reduced -4.5k -4,465
56 COMMERCE BANK 0.82% of their portfolio KANSAS CITY, MO 681,630681.6k $169.0m $169.0m 0.82% Added +229.1k +229,077
57 Mariner, LLC 0.20% of their portfolio Overland Park, KS 675,655675.7k $167.6m $167.6m 0.20% Added +2.4k +2,423
58 MILLENNIUM MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 674,125674.1k $167.2m $167.2m 0.13% Added +77.7k +77,694
59 HighTower Advisors, LLC 0.17% of their portfolio CHICAGO, IL 642,416642.4k $159.3m $159.3m 0.17% Added +52.2k +52,166
60 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 641,228641.2k $159.0m $159.0m 0.11% Reduced -326.8k -326,776
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 640,121640.1k $158.8m $158.8m 0.10% Added +3.6k +3,640
62 STIFEL FINANCIAL CORP 0.15% of their portfolio ST. LOUIS, MO 638,686638.7k $158.4m $158.4m 0.15% Reduced -24.7k -24,747
63 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 629,542629.5k $156.1m $156.1m 0.04% Added +18.4k +18,444
64 BLAIR WILLIAM & CO/IL 0.45% of their portfolio CHICAGO, IL 628,228628.2k $155.8m $155.8m 0.45% Added +69.5k +69,490
65 OSAIC HOLDINGS, INC. 0.22% of their portfolio SCOTTSDALE, AZ 598,480598.5k $148.5m $148.5m 0.22% Added +59.1k +59,061
66 Walleye Trading LLC 2.99% of their portfolio NEW YORK, NY 586,563586.6k $145.5m $145.5m 2.99% Added +277.1k +277,146
67 Focus Partners Wealth 0.16% of their portfolio ST LOUIS, MO 584,668584.7k $145.4m $145.4m 0.16% Reduced -9.7k -9,722
68 Baird Financial Group, Inc. 0.22% of their portfolio MILWAUKEE, WI 580,208580.2k $143.9m $143.9m 0.22% Reduced -7.0k -7,036
69 Creative Planning 0.10% of their portfolio OVERLAND PARK, KS 570,875570.9k $141.6m $141.6m 0.10% Reduced -34.7k -34,700
70 Blackstone Inc. 0.58% of their portfolio NEW YORK, NY 568,199568.2k $140.9m $140.9m 0.58% Added +400.6k +400,598
71 Sand Hill Global Advisors, LLC 4.71% of their portfolio Palo Alto, CA 563,866563.9k $139.8m $139.8m 4.71% Added +982 +982
72 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 544,591544.6k $133.8m $133.8m 0.04% Reduced -353.9k -353,902
73 Cerity Partners LLC 0.19% of their portfolio NEW YORK, NY 535,723535.7k $132.9m $132.9m 0.19% Added +12 +12
74 SG Americas Securities, LLC 0.15% of their portfolio NEW YORK, NY 533,865533.9k $132.4m $132.4m 0.15% Added +261.8k +261,789
75 MERCER GLOBAL ADVISORS INC /ADV 0.19% of their portfolio DENVER, CO 519,587519.6k $128.4m $128.4m 0.19% Added +45.3k +45,308
76 MAI Capital Management 0.72% of their portfolio INDEPENDENCE, OH 508,759508.8k $126.2m $126.2m 0.72% Added +13.7k +13,662
77 Jain Global LLC 1.61% of their portfolio NEW YORK, NY 508,313508.3k $126.1m $126.1m 1.61% New
78 Corient Private Wealth LP 0.18% of their portfolio MIAMI, FL 500,181500.2k $123.2m $123.2m 0.18% Reduced -808.2k -808,241
79 BROWN BROTHERS HARRIMAN & CO 0.64% of their portfolio NEW YORK, NY 483,271483.3k $119.9m $119.9m 0.64% Added +357.4k +357,403
80 COMMONWEALTH EQUITY SERVICES, LLC 0.17% of their portfolio WALTHAM, MA 476,482476.5k $118.2m $118.2m 0.17% Reduced -44.1k -44,106
81 GLENMEDE TRUST CO NA 0.58% of their portfolio PHILADELPHIA, PA 475,398475.4k $117.9m $117.9m 0.58% Added +9.3k +9,260
82 BROADWOOD CAPITAL INC 8.30% of their portfolio New York, NY 474,920474.9k $117.8m $117.8m 8.30% Unchanged
83 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.44% of their portfolio CHARLOTTE, NC 464,067464.1k $115.1m $115.1m 0.44% First filing
84 USA FINANCIAL FORMULAS 20.38% of their portfolio ADA, MI 435,956436.0k $108.1m $108.1m 20.38% Added +433.2k +433,165
85 Cresset Asset Management, LLC 0.46% of their portfolio Chicago, IL 427,068427.1k $105.9m $105.9m 0.46% Reduced -7.9k -7,867
86 Stairway Partners, LLC 5.44% of their portfolio MINNEAPOLIS, MN 423,642423.6k $105.1m $105.1m 5.44% Added +7.5k +7,470
87 Cambridge Investment Research Advisors, Inc. 0.27% of their portfolio FAIRFIELD, IA 415,225415.2k $103.0m $103.0m 0.27% Added +112.3k +112,287
88 State of New Jersey Common Pension Fund D 0.38% of their portfolio TRENTON, NJ 402,418402.4k $99.8m $99.8m 0.38% Unchanged
89 Janney Montgomery Scott LLC 0.23% of their portfolio PHILADELPHIA, PA 380,770380.8k $94.4m $94.4m 0.23% Added +92.4k +92,434
90 CITIZENS FINANCIAL GROUP INC/RI 1.31% of their portfolio PROVIDENCE, RI 378,372378.4k $93.8m $93.8m 1.31% Reduced -12.7k -12,690
91 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.26% of their portfolio LOS ANGELES, CA 361,651361.7k $89.7m $89.7m 0.26% Reduced -222.5k -222,475
92 Accredited Investors Inc. 4.74% of their portfolio EDINA, MN 355,004355.0k $88.0m $88.0m 4.74% Added +24.9k +24,858
93 Hudson Bay Capital Management LP 0.51% of their portfolio STAMFORD, CT 340,800340.8k $84.5m $84.5m 0.51% Added +115.8k +115,800
94 CAPTRUST FINANCIAL ADVISORS 0.15% of their portfolio RALEIGH, NC 334,444334.4k $82.9m $82.9m 0.15% Added +2.5k +2,507
95 National Philanthropic Trust 0.86% of their portfolio Jenkintown, PA 326,559326.6k $81.0m $81.0m 0.86% Added +11.9k +11,944
96 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 322,026322.0k $79.9m $79.9m 0.03% Added +85.7k +85,737
97 Waverly Advisors, LLC 0.60% of their portfolio BIRMINGHAM, AL 320,086320.1k $79.4m $79.4m 0.60% Added +40.3k +40,326
98 Clearbridge Investments, LLC 0.07% of their portfolio NEW YORK, NY 312,515312.5k $77.5m $77.5m 0.07% New
99 WASHINGTON TRUST Co 2.61% of their portfolio WESTERLY, RI 311,897311.9k $77.4m $77.4m 2.61% Reduced -3.2k -3,155
100 JOHNSON INVESTMENT COUNSEL INC 0.62% of their portfolio Cincinnati, OH 310,334310.3k $77.0m $77.0m 0.62% Added +27.7k +27,703