Vault-13

ISHARES TR IJJ

S&P MC 400VL ETF · ETP · CUSIP 464287705

814 institutional holders -3 vs Q2 2025
44,193,22044.2m shares reported held*
$5.7bnreported value*
44 new 219 added 276 reduced 45 sold out net sold ≈ $67.9m (-543.5k 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 ($20.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $129.74. Options: 15 managers hold calls ($10.7bn notional), 2 hold puts ($36.6m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 629Q4 22: 690Q1 23: 684Q2 23: 680Q3 23: 667Q4 23: 734Q1 24: 730Q2 24: 739Q3 24: 758Q4 24: 828Q1 25: 821Q2 25: 817Q3 25: 814814Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022629
Q4 2022690
Q1 2023684
Q2 2023680
Q3 2023667
Q4 2023734
Q1 2024730
Q2 2024739
Q3 2024758
Q4 2024828
Q1 2025821
Q2 2025817
Q3 2025814

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 269 bought or addedQ4 23: 259 cut or sold outQ1 24: 255 bought or addedQ1 24: 317 cut or sold outQ1 24Q2 24: 243 bought or addedQ2 24: 306 cut or sold outQ3 24: 259 bought or addedQ3 24: 331 cut or sold outQ3 24Q4 24: 282 bought or addedQ4 24: 284 cut or sold outQ1 25: 289 bought or addedQ1 25: 321 cut or sold outQ1 25Q2 25: 253 bought or addedQ2 25: 371 cut or sold outQ3 25: 263 bought or addedQ3 25: 321 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023269259
Q1 2024255317
Q2 2024243306
Q3 2024259331
Q4 2024282284
Q1 2025289321
Q2 2025253371
Q3 2025263321

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bnQ4 24 calls: $8.7bnQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $6.9bnQ1 25 puts: $25.8kQ1 25P/C 0.00Q2 25 calls: $10.3bnQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $10.7bnQ3 25 puts: $36.6mQ3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$8.7bn$00.00
Q1 2025$6.9bn$25.8k0.00
Q2 2025$10.3bn$00.00
Q3 2025$10.7bn$36.6m0.00

Biggest buyers

JPMORGAN CHASE & CO Added +435,511+435.5k
Balance Wealth Partners LLC New +251,191+251.2k
World Investment Advisors Added +210,396+210.4k
Vestmark Advisory Solutions, Inc. New +131,609+131.6k
UBS Group AG Added +110,590+110.6k
ENVESTNET ASSET MANAGEMENT INC Added +80,204+80.2k
Leeward Investments, LLC - MA New +54,196+54.2k
D.A. DAVIDSON & CO. Added +53,291+53.3k
Equitable Holdings, Inc. Added +49,167+49.2k
Cordatus Wealth Management LLC New +43,441+43.4k

Biggest sellers

ROYAL BANK OF CANADA Reduced -629,284-629.3k
MIDLAND WEALTH ADVISORS, LLC Reduced -263,489-263.5k
MORGAN STANLEY Reduced -248,666-248.7k
Rockefeller Capital Management L.P. Reduced -214,288-214.3k
Willis Johnson & Associates, Inc. Reduced -132,980-133.0k
GREENUP STREET WEALTH MANAGEMENT LLC Reduced -130,831-130.8k
Evensky & Katz LLC Reduced -107,062-107.1k
GOLDMAN SACHS GROUP INC Reduced -70,394-70.4k
Bank of New York Mellon Corp Reduced -59,117-59.1k
WELLS FARGO & COMPANY/MN Reduced -56,129-56.1k

Biggest calls

Optiver Holding B.V. Added $5.6bn23.9m shares
JPMORGAN CHASE & CO Added $3.5bn17.5m shares
IMC-Chicago, LLC Reduced $1.3bn5.5m shares
Bracebridge Capital, LLC Reduced $249.6m10.3k shares
SG Americas Securities, LLC Reduced $54.1m3.9m shares
AKUNA SECURITIES LLC New $30.9m127.8k shares
Maven Securities LTD Added $27.1m112.1k shares
SABBY MANAGEMENT, LLC New $20.2m834 shares
GROUP ONE TRADING LLC Reduced $15.6m154.9k shares
SURIENCE PRIVATE WEALTH LLC New $2.4m10.0k shares

Biggest puts

1832 Asset Management L.P. New $36.3m150.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $350.2k2.7k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution filed 2026-05-06 6.8% 4.1m≈ $604.9m 2026-05-06

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 4,028,0854.0m $522.5m $522.5m 0.03% Reduced -248.7k -248,666
2 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 3,639,8093.6m $472.2m $472.2m 0.10% Reduced -56.1k -56,129
3 FMR LLC 0.02% of their portfolio BOSTON, MA 3,546,0653.5m $460.0m $460.0m 0.02% Added +313 +313
4 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,369,9132.4m $307.4m $307.4m 0.02% Reduced -22.2k -22,186
5 UBS Group AG 0.05% of their portfolio ZURICH, V8 2,154,3242.2m $279.5m $279.5m 0.05% Added +110.6k +110,590
6 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 1,968,5452.0m $255.4m $255.4m 0.07% Added +80.2k +80,204
7 PNC Financial Services Group, Inc. 0.10% of their portfolio Pittsburgh, PA 1,318,4281.3m $171.0m $171.0m 0.10% Added +18.8k +18,791
8 D.A. DAVIDSON & CO. 0.84% of their portfolio GREAT FALLS, MT 1,008,2721.0m $130.8m $130.8m 0.84% Added +53.3k +53,291
9 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 867,189867.2k $112.5m $112.5m 0.04% Added +18.0k +17,997
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 858,298858.3k $111.3m $111.3m 0.00% Added +435.5k +435,511
11 Cullen/Frost Bankers, Inc. 1.26% of their portfolio San Antonio, TX 834,862834.9k $108.3m $108.3m 1.26% Added +2.9k +2,931
12 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 814,297814.3k $105.7m $105.7m 0.02% Reduced -18.4k -18,359
13 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 788,433788.4k $102.3m $102.3m 0.03% Reduced -12.2k -12,219
14 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 675,643675.6k $87.6m $87.6m 0.01% Reduced -44.5k -44,528
15 Financial Engines Advisors L.L.C. 0.17% of their portfolio SANTA CLARA, CA 675,546675.5k $87.6m $87.6m 0.17% Reduced -18.3k -18,265
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 627,688627.7k $81.4m $81.4m 0.05% Added +1.3k +1,308
17 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 545,846545.8k $70.8m $70.8m 0.01% Reduced -629.3k -629,284
18 GW HENSSLER & ASSOCIATES LTD 2.97% of their portfolio KENNESAW, GA 458,344458.3k $59.5m $59.5m 2.97% Added +6.4k +6,447
19 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 420,869420.9k $54.6m $54.6m 0.01% Reduced -59.1k -59,117
20 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 415,820415.8k $53.9m $53.9m 0.06% Added +17.7k +17,737
21 Baird Financial Group, Inc. 0.07% of their portfolio MILWAUKEE, WI 347,995348.0k $45.1m $45.1m 0.07% Added +13.4k +13,424
22 Evensky & Katz LLC 2.60% of their portfolio CORAL GABLES, FL 345,877345.9k $44.9m $44.9m 2.60% Reduced -107.1k -107,062
23 Willis Johnson & Associates, Inc. 2.71% of their portfolio Houston, TX 337,138337.1k $43.7m $43.7m 2.71% Reduced -133.0k -132,980
24 MIDLAND WEALTH ADVISORS, LLC 2.33% of their portfolio EFFINGHAM, IL 335,729335.7k $43.6m $43.6m 2.33% Reduced -263.5k -263,489
25 MAI Capital Management 0.27% of their portfolio INDEPENDENCE, OH 326,541326.5k $42.4m $42.4m 0.27% Reduced -5.9k -5,942
26 BOKF, NA 0.61% of their portfolio TULSA, OK 313,135313.1k $40.6m $40.6m 0.61% Reduced -4.2k -4,184
27 Wilmington Savings Fund Society, FSB 0.97% of their portfolio WILMINGTON, DE 308,929308.9k $40.1m $40.1m 0.97% Reduced -11.6k -11,647
28 Pathstone Holdings, LLC 0.13% of their portfolio ENGLEWOOD, NJ 268,329268.3k $34.8m $34.8m 0.13% Reduced -2.4k -2,437
29 Wealthspire Advisors, LLC 0.18% of their portfolio NEW YORK, NY 265,512265.5k $34.4m $34.4m 0.18% Added +4.2k +4,222
30 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 262,453262.5k $34.0m $34.0m 0.04% Reduced -45.9k -45,887
31 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 254,210254.2k $33.0m $33.0m 0.02% Added +34.7k +34,679
32 Balance Wealth Partners LLC 8.05% of their portfolio WORTHINGTON, OH 251,191251.2k $32.6m $32.6m 8.05% New
33 COURIER CAPITAL LLC 1.79% of their portfolio BUFFALO, NY 241,011241.0k $31.3m $31.3m 1.79% Added +1.8k +1,838
34 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 228,971229.0k $29.7m $29.7m 0.05% Added +6.2k +6,233
35 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 228,641228.6k $29.7m $29.7m 0.04% Reduced -4.0k -4,031
36 Rehmann Capital Advisory Group 1.62% of their portfolio LANSING, MI 227,266227.3k $29.5m $29.5m 1.62% Added +9.6k +9,588
37 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 221,696221.7k $28.8m $28.8m 0.02% Reduced -3.1k -3,141
38 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 216,334216.3k $28.1m $28.1m 0.05% Reduced -214.3k -214,288
39 World Investment Advisors 0.57% of their portfolio LINCROFT, NJ 215,044215.0k $27.9m $27.9m 0.57% Added +210.4k +210,396
40 Mesirow Financial Investment Management, Inc. 0.45% of their portfolio CHICAGO, IL 192,427192.4k $25.0m $25.0m 0.45% Reduced -20.0k -19,982
41 KEYBANK NATIONAL ASSOCIATION/OH 0.08% of their portfolio BROOKLYN, OH 183,438183.4k $23.8m $23.8m 0.08% Reduced -4.3k -4,296
42 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 174,491174.5k $22.6m $22.6m 0.01% Reduced -747 -747
43 Mariner, LLC 0.03% of their portfolio Overland Park, KS 168,714168.7k $21.9m $21.9m 0.03% Reduced -1.3k -1,347
44 SPC Financial, Inc. 1.67% of their portfolio ROCKVILLE, MD 164,688164.7k $21.4m $21.4m 1.67% Reduced -448 -448
45 Lido Advisors, LLC 0.08% of their portfolio Los Angeles, CA 157,393157.4k $20.4m $20.4m 0.08% Added +5.7k +5,656
46 Sterling Financial Planning, Inc. 6.05% of their portfolio SPARTA, NJ 147,868147.9k $19.2m $19.2m 6.05% Added +1.4k +1,444
47 Vestmark Advisory Solutions, Inc. 0.33% of their portfolio Wakefield, MA 131,609131.6k $17.1m $17.1m 0.33% New
48 Lutz Financial Services LLC 1.13% of their portfolio OMAHA, NE 120,160120.2k $15.6m $15.6m 1.13% Reduced -409 -409
49 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 119,545119.5k $15.5m $15.5m 0.03% Reduced -2.4k -2,403
50 Capital Advisors, Ltd. LLC 1.66% of their portfolio SHAKER HEIGHTS, OH 113,040113.0k $14.7m $14.7m 1.66% Reduced -138 -138
51 Texas Yale Capital Corp. 0.46% of their portfolio ST. PETERSBURG, FL 112,118112.1k $14.5m $14.5m 0.46% Added +1 +1
52 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 110,435110.4k $14.3m $14.3m 0.02% Reduced -3.5k -3,514
53 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 107,649107.6k $14.0m $14.0m 0.02% Reduced -14.0k -13,974
54 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 106,337106.3k $13.8m $13.8m 0.08% Reduced -117 -117
55 FIRST MERCHANTS CORP 0.52% of their portfolio Muncie, IN 105,963106.0k $13.7m $13.7m 0.52% Reduced -9.3k -9,271
56 GHP Investment Advisors, Inc. 0.57% of their portfolio Denver, CO 104,948104.9k $13.6m $13.6m 0.57% Reduced -1.1k -1,104
57 1834 INVESTMENT ADVISORS CO 1.66% of their portfolio Milwaukee, WI 104,196104.2k $13.5m $13.5m 1.66% Reduced -7.8k -7,758
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 104,030104.0k $13.5m $13.5m 0.02% Reduced -3.4k -3,417
59 NATIXIS ADVISORS, LLC 0.02% of their portfolio Boston, MA 103,690103.7k $13.5m $13.5m 0.02% Added +32.2k +32,151
60 Flaharty Asset Management, LLC 1.71% of their portfolio CLEARWATER, FL 103,452103.5k $13.4m $13.4m 1.71% Added +2.9k +2,891
61 Salomon & Ludwin, LLC 1.22% of their portfolio RICHMOND, VA 103,201103.2k $13.5m $13.5m 1.22% Reduced -2.0k -2,017
62 MONETA GROUP INVESTMENT ADVISORS LLC 0.10% of their portfolio ST LOUIS, MO 100,540100.5k $13.0m $13.0m 0.10% Added +712 +712
63 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 100,000100.0k $13.0m $13.0m 0.01% Added +27.3k +27,300
64 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 99,65799.7k $12.9m $12.9m 0.01% Reduced -3.4k -3,380
65 Cassaday & Co Wealth Management LLC 0.30% of their portfolio MCLEAN, VA 98,78998.8k $12.8m $12.8m 0.30% Reduced -782 -782
66 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 95,89495.9k $12.4m $12.4m 0.01% Added +15.2k +15,170
67 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 95,12395.1k $12.3m $12.3m 0.06% Reduced -1.2k -1,195
68 COMERICA BANK 0.05% of their portfolio DALLAS, TX 94,92994.9k $12.3m $12.3m 0.05% Reduced -1.9k -1,897
69 Blue Edge Capital, LLC 1.70% of their portfolio RICHMOND, VA 92,30492.3k $12.0m $12.0m 1.70% Added +280 +280
70 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 91,53291.5k $11.9m $11.9m 0.03% Reduced -1.8k -1,771
71 Asset Management Group, Inc. 1.89% of their portfolio STAMFORD, CT 89,22089.2k $11.6m $11.6m 1.89% Reduced -229 -229
72 Ellis Investment Partners, LLC 2.07% of their portfolio Berwyn, PA 88,25988.3k $11.4m $11.4m 2.07% Reduced -3.4k -3,377
73 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 87,45587.5k $11.3m $11.3m 0.03% Added +2.2k +2,172
74 Omega Financial Group, LLC 3.81% of their portfolio Santa Barbara, CA 87,38187.4k $11.3m $11.3m 3.81% Added +3.9k +3,922
75 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.64% of their portfolio CEDAR RAPIDS, IA 79,63079.6k $10.3m $10.3m 0.64% Added +580 +580
76 Equitable Holdings, Inc. 0.07% of their portfolio NEW YORK, NY 78,06278.1k $10.1m $10.1m 0.07% Added +49.2k +49,167
77 REGIONS FINANCIAL CORP 0.03% of their portfolio BIRMINGHAM, AL 77,99278.0k $10.1m $10.1m 0.03% Added +5.6k +5,581
78 Mill Creek Capital Advisors, LLC 0.19% of their portfolio Conshohocken, PA 72,18672.2k $9.4m $9.4m 0.19% Unchanged
79 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 71,10771.1k $9.2m $9.2m 0.01% Reduced -2.0k -2,032
80 FIFTH THIRD BANCORP 0.03% of their portfolio CINCINNATI, OH 69,83069.8k $9.1m $9.1m 0.03% Added +476 +476
81 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 66,88266.9k $8.7m $8.7m 0.03% Added +1.4k +1,431
82 Causey Wealth LLC 4.11% of their portfolio GREENWOOD VILLAGE, CO 64,95965.0k $8.4m $8.4m 4.11% Reduced -2.2k -2,224
83 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 60,82260.8k $7.9m $7.9m 0.02% Reduced -2.9k -2,926
84 InvesTrust 2.83% of their portfolio OKLAHOMA CITY, OK 59,63359.6k $7.7m $7.7m 2.83% Reduced -7 -7
85 LMG Wealth Partners, LLC 1.43% of their portfolio SHREVEPORT, LA 59,11159.1k $7.7m $7.7m 1.43% Added +1 +1
86 Dakota Wealth Management 0.15% of their portfolio PALM BEACH GARDENS, FL 58,66458.7k $7.6m $7.6m 0.15% Added +2.4k +2,356
87 Oldfather Financial Services, LLC 2.35% of their portfolio KEARNEY, NE 58,25658.3k $7.6m $7.6m 2.35% Added +1.7k +1,690
88 M&T Bank Corp 0.03% of their portfolio BUFFALO, NY 57,60457.6k $7.5m $7.5m 0.03% Reduced -12.0k -11,955
89 DDFG, Inc 1.68% of their portfolio THOUSAND OAKS, CA 56,08456.1k $7.3m $7.3m 1.68% Added +12.9k +12,929
90 Leeward Investments, LLC - MA 0.36% of their portfolio BOSTON, MA 54,19654.2k $7.0m $7.0m 0.36% New
91 Ullmann Wealth Partners Group, LLC 0.75% of their portfolio JACKSONVILLE BEACH, FL 53,03153.0k $6.9m $6.9m 0.75% Reduced -3.2k -3,176
92 IFP Advisors, Inc 0.18% of their portfolio TAMPA, FL 52,57752.6k $6.8m $6.8m 0.18% Reduced -25.0k -24,955
93 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 52,50452.5k $6.6m $6.6m 0.02% Added +27.1k +27,054
94 Asset Dedication, LLC 0.45% of their portfolio SAN FRANCISCO, CA 52,19252.2k $6.8m $6.8m 0.45% Added +3.0k +3,007
95 GREENLEAF TRUST 0.06% of their portfolio KALAMAZOO, MI 51,30451.3k $6.7m $6.7m 0.06% Reduced -347 -347
96 First Citizens Financial Corp 3.29% of their portfolio MASON CITY, IA 51,28251.3k $6.7m $6.7m 3.29% Added +1.1k +1,077
97 SOL Capital Management CO 0.59% of their portfolio ROCKVILLE, MD 50,95451.0k $6.6m $6.6m 0.59% Added +4.7k +4,673
98 Prospera Financial Services Inc 0.11% of their portfolio Dallas, TX 50,19650.2k $6.5m $6.5m 0.11% Added +37.4k +37,359
99 Associated Banc-Corp 0.17% of their portfolio Green Bay, WI 49,70049.7k $6.4m $6.4m 0.17% Reduced -1.6k -1,642
100 Foundation Wealth Management, LLC 4.07% of their portfolio Clayton, MO 49,11349.1k $6.4m $6.4m 4.07% Added +502 +502