Vault-13

ISHARES TR IJJ

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

840 institutional holders +26 vs Q3 2025
43,052,36543.1m shares reported held*
$5.7bnreported value*
41 new 225 added 289 reduced 47 sold out net sold ≈ $183.2m (-1.4m 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 ($23.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $131.96. Options: 19 managers hold calls ($9.8bn notional), 0 hold puts (—).

Trends to Q4 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: 814Q4 25: 840840Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025840

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 255 bought or addedQ1 24: 317 cut or sold outQ2 24: 243 bought or addedQ2 24: 306 cut or sold outQ2 24Q3 24: 259 bought or addedQ3 24: 331 cut or sold outQ4 24: 282 bought or addedQ4 24: 284 cut or sold outQ4 24Q1 25: 289 bought or addedQ1 25: 321 cut or sold outQ2 25: 253 bought or addedQ2 25: 371 cut or sold outQ2 25Q3 25: 263 bought or addedQ3 25: 321 cut or sold outQ4 25: 266 bought or addedQ4 25: 336 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024255317
Q2 2024243306
Q3 2024259331
Q4 2024282284
Q1 2025289321
Q2 2025253371
Q3 2025263321
Q4 2025266336

Calls vs puts

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

CallsPuts
$0$5bn$10bn$15bnQ1 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 0.00Q4 25 calls: $9.8bnQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$6.9bn$25.8k0.00
Q2 2025$10.3bn$00.00
Q3 2025$10.7bn$36.6m0.00
Q4 2025$9.8bn$00.00

Biggest buyers

FMR LLC Added +264,540+264.5k
AlphaCore Capital LLC Added +162,257+162.3k
Corient Private Wealth LP Added +108,457+108.5k
D.A. DAVIDSON & CO. Added +44,836+44.8k
Arkadios Wealth Advisors Added +42,308+42.3k
D.B. Root & Company, LLC Added +41,216+41.2k
World Investment Advisors Added +40,816+40.8k
JONES FINANCIAL COMPANIES LLLP Added +34,684+34.7k
Net Worth Advisory Group Added +30,093+30.1k
Gallagher Capital Advisors, LLC New +28,883+28.9k

Biggest sellers

JPMORGAN CHASE & CO Reduced -425,360-425.4k
GW HENSSLER & ASSOCIATES LTD Reduced -277,166-277.2k
Pathstone Holdings, LLC Reduced -226,820-226.8k
Balance Wealth Partners LLC Reduced -126,340-126.3k
Mesirow Financial Investment Management, Inc. Reduced -125,887-125.9k
Wealthspire Advisors, LLC Reduced -125,472-125.5k
WELLS FARGO & COMPANY/MN Reduced -113,635-113.6k
AMERIPRISE FINANCIAL INC Reduced -109,092-109.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -107,007-107.0k
Willis Johnson & Associates, Inc. Reduced -91,909-91.9k

Biggest calls

Optiver Holding B.V. Added $6.1bn26.3m shares
IMC-Chicago, LLC Added $1.4bn5.9m shares
JPMORGAN CHASE & CO Reduced $1.2bn6.6m shares
AKUNA SECURITIES LLC Added $473.6m1.9m shares
Bracebridge Capital, LLC Added $370.8m15.1k shares
Cartenna Capital, LP New $61.5m250.0k shares
Maven Securities LTD Added $42.6m172.8k shares
SG Americas Securities, LLC Reduced $31.0m3.4m shares
GROUP ONE TRADING LLC Added $15.6m158.8k shares
HRT FINANCIAL LP New $15.3m159.0k shares

Biggest puts

None

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 4,000,8614.0m $526.5m $526.5m 0.03% Reduced -27.2k -27,224
2 FMR LLC 0.03% of their portfolio BOSTON, MA 3,810,6053.8m $501.4m $501.4m 0.03% Added +264.5k +264,540
3 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 3,526,1743.5m $464.0m $464.0m 0.09% Reduced -113.6k -113,635
4 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,372,6592.4m $312.2m $312.2m 0.02% Added +2.7k +2,746
5 UBS Group AG 0.06% of their portfolio ZURICH, V8 2,139,6652.1m $281.6m $281.6m 0.06% Reduced -14.7k -14,659
6 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 1,861,5381.9m $245.0m $245.0m 0.07% Reduced -107.0k -107,007
7 PNC Financial Services Group, Inc. 0.10% of their portfolio Pittsburgh, PA 1,340,6431.3m $176.4m $176.4m 0.10% Added +22.2k +22,215
8 D.A. DAVIDSON & CO. 0.85% of their portfolio GREAT FALLS, MT 1,053,1081.1m $138.6m $138.6m 0.85% Added +44.8k +44,836
9 Cullen/Frost Bankers, Inc. 1.20% of their portfolio San Antonio, TX 831,369831.4k $109.4m $109.4m 1.20% Reduced -3.5k -3,493
10 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 798,608798.6k $105.1m $105.1m 0.03% Added +10.2k +10,175
11 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 796,195796.2k $104.8m $104.8m 0.03% Reduced -71.0k -70,994
12 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 705,205705.2k $92.8m $92.8m 0.02% Reduced -109.1k -109,092
13 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 672,413672.4k $88.5m $88.5m 0.01% Reduced -3.2k -3,230
14 Financial Engines Advisors L.L.C. 0.17% of their portfolio SANTA CLARA, CA 662,537662.5k $87.2m $87.2m 0.17% Reduced -13.0k -13,009
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 633,518633.5k $83.4m $83.4m 0.05% Added +5.8k +5,830
16 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 538,114538.1k $70.8m $70.8m 0.01% Reduced -7.7k -7,732
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 432,938432.9k $57.0m $57.0m 0.00% Reduced -425.4k -425,360
18 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 423,207423.2k $55.7m $55.7m 0.06% Added +7.4k +7,387
19 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 415,135415.1k $54.6m $54.6m 0.01% Reduced -5.7k -5,734
20 Evensky & Katz LLC 2.57% of their portfolio CORAL GABLES, FL 345,893345.9k $45.5m $45.5m 2.57% Added +16 +16
21 Baird Financial Group, Inc. 0.07% of their portfolio MILWAUKEE, WI 344,298344.3k $45.3m $45.3m 0.07% Reduced -3.7k -3,697
22 MAI Capital Management 0.25% of their portfolio INDEPENDENCE, OH 329,790329.8k $43.4m $43.4m 0.25% Added +3.2k +3,249
23 MIDLAND WEALTH ADVISORS, LLC 2.11% of their portfolio EFFINGHAM, IL 307,707307.7k $40.5m $40.5m 2.11% Reduced -28.0k -28,022
24 Wilmington Savings Fund Society, FSB 0.91% of their portfolio WILMINGTON, DE 296,166296.2k $39.0m $39.0m 0.91% Reduced -12.8k -12,763
25 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 288,894288.9k $38.0m $38.0m 0.02% Added +34.7k +34,684
26 BOKF, NA 0.54% of their portfolio TULSA, OK 268,394268.4k $35.3m $35.3m 0.54% Reduced -44.7k -44,741
27 World Investment Advisors 0.55% of their portfolio LINCROFT, NJ 255,860255.9k $33.7m $33.7m 0.55% Added +40.8k +40,816
28 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 251,428251.4k $33.1m $33.1m 0.04% Reduced -11.0k -11,025
29 Willis Johnson & Associates, Inc. 1.99% of their portfolio Houston, TX 245,229245.2k $32.3m $32.3m 1.99% Reduced -91.9k -91,909
30 COURIER CAPITAL LLC 1.80% of their portfolio BUFFALO, NY 243,878243.9k $32.1m $32.1m 1.80% Added +2.9k +2,867
31 Rehmann Capital Advisory Group 1.64% of their portfolio LANSING, MI 237,719237.7k $31.5m $31.5m 1.64% Added +10.5k +10,453
32 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 229,945229.9k $30.3m $30.3m 0.04% Added +974 +974
33 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 223,421223.4k $29.4m $29.4m 0.04% Reduced -5.2k -5,220
34 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 219,208219.2k $28.8m $28.8m 0.02% Reduced -2.5k -2,488
35 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 218,892218.9k $28.8m $28.8m 0.02% Added +108.5k +108,457
36 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 218,225218.2k $28.7m $28.7m 0.05% Added +1.9k +1,891
37 Align Financial, LLC 0.12% of their portfolio HERMANTOWN, MN 203,701203.7k $203.7k $203.7k 0.12% First filing
38 KEYBANK NATIONAL ASSOCIATION/OH 0.09% of their portfolio BROOKLYN, OH 181,526181.5k $23.9m $23.9m 0.09% Reduced -1.9k -1,912
39 GW HENSSLER & ASSOCIATES LTD 1.15% of their portfolio KENNESAW, GA 181,178181.2k $23.8m $23.8m 1.15% Reduced -277.2k -277,166
40 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 175,306175.3k $23.1m $23.1m 0.01% Added +815 +815
41 Mariner, LLC 0.03% of their portfolio Overland Park, KS 171,956172.0k $22.6m $22.6m 0.03% Added +3.2k +3,242
42 AlphaCore Capital LLC 0.49% of their portfolio LA JOLLA, CA 165,351165.4k $21.8m $21.8m 0.49% Added +162.3k +162,257
43 Lido Advisors, LLC 0.08% of their portfolio Los Angeles, CA 164,394164.4k $21.4m $21.4m 0.08% Added +7.0k +7,001
44 Sterling Financial Planning, Inc. 6.07% of their portfolio SPARTA, NJ 152,975153.0k $20.1m $20.1m 6.07% Added +5.1k +5,107
45 Vestmark Advisory Solutions, Inc. 0.25% of their portfolio Wakefield, MA 143,493143.5k $18.9m $18.9m 0.25% Added +11.9k +11,884
46 Wealthspire Advisors, LLC 0.15% of their portfolio NEW YORK, NY 140,040140.0k $18.4m $18.4m 0.15% Reduced -125.5k -125,472
47 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 130,618130.6k $17.2m $17.2m 0.02% Added +11.1k +11,073
48 Balance Wealth Partners LLC 5.27% of their portfolio WORTHINGTON, OH 124,851124.9k $16.4m $16.4m 5.27% Reduced -126.3k -126,340
49 Lutz Financial Services LLC 1.07% of their portfolio OMAHA, NE 120,056120.1k $15.8m $15.8m 1.07% Reduced -104 -104
50 Capital Advisors, Ltd. LLC 1.67% of their portfolio SHAKER HEIGHTS, OH 112,512112.5k $14.8m $14.8m 1.67% Reduced -528 -528
51 Texas Yale Capital Corp. 0.45% of their portfolio ST. PETERSBURG, FL 112,119112.1k $14.8m $14.8m 0.45% Added +1 +1
52 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 111,314111.3k $14.7m $14.7m 0.02% Added +3.7k +3,665
53 MONETA GROUP INVESTMENT ADVISORS LLC 0.10% of their portfolio ST LOUIS, MO 104,605104.6k $13.8m $13.8m 0.10% Added +4.1k +4,065
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 104,472104.5k $14.3m $14.3m 0.02% Added +442 +442
55 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 104,345104.3k $13.7m $13.7m 0.08% Reduced -2.0k -1,992
56 GHP Investment Advisors, Inc. 0.56% of their portfolio Denver, CO 103,497103.5k $13.6m $13.6m 0.56% Reduced -1.5k -1,451
57 NATIXIS ADVISORS, LLC 0.02% of their portfolio Boston, MA 101,575101.6k $13.4m $13.4m 0.02% Reduced -2.1k -2,115
58 Salomon & Ludwin, LLC 1.20% of their portfolio RICHMOND, VA 100,886100.9k $13.6m $13.6m 1.20% Reduced -2.3k -2,315
59 1834 INVESTMENT ADVISORS CO 1.64% of their portfolio Milwaukee, WI 99,47099.5k $13.1m $13.1m 1.64% Reduced -4.7k -4,726
60 Cassaday & Co Wealth Management LLC 0.27% of their portfolio MCLEAN, VA 98,59498.6k $13.0m $13.0m 0.27% Reduced -195 -195
61 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 97,61197.6k $12.8m $12.8m 0.05% Added +2.5k +2,488
62 FIRST MERCHANTS CORP 0.47% of their portfolio Muncie, IN 95,42895.4k $12.6m $12.6m 0.47% Reduced -10.5k -10,535
63 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 95,33995.3k $12.5m $12.5m 0.03% Added +3.8k +3,807
64 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 95,15095.2k $12.5m $12.5m 0.01% Reduced -744 -744
65 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 94,75994.8k $12.5m $12.5m 0.01% Reduced -4.9k -4,898
66 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 92,71692.7k $12.2m $12.2m 0.03% Added +5.3k +5,261
67 Asset Management Group, Inc. 1.91% of their portfolio STAMFORD, CT 89,67589.7k $11.8m $11.8m 1.91% Added +455 +455
68 Omega Financial Group, LLC 3.90% of their portfolio Santa Barbara, CA 89,03489.0k $11.7m $11.7m 3.90% Added +1.7k +1,653
69 COMERICA BANK 0.05% of their portfolio DALLAS, TX 88,86688.9k $11.7m $11.7m 0.05% Reduced -6.1k -6,063
70 Ellis Investment Partners, LLC 1.99% of their portfolio Berwyn, PA 86,65186.7k $11.4m $11.4m 1.99% Reduced -1.6k -1,608
71 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.57% of their portfolio CEDAR RAPIDS, IA 82,02082.0k $10.8m $10.8m 0.57% Added +2.4k +2,390
72 PW Nova Financial Services LLC 4.12% of their portfolio NEWTOWN, PA 81,82681.8k $10.9m $10.9m 4.12% First filing
73 Dakota Wealth Management 0.19% of their portfolio PALM BEACH GARDENS, FL 80,69680.7k $10.6m $10.6m 0.19% Added +22.0k +22,032
74 REGIONS FINANCIAL CORP 0.07% of their portfolio BIRMINGHAM, AL 77,37577.4k $10.2m $10.2m 0.07% Reduced -617 -617
75 Blue Edge Capital, LLC 1.31% of their portfolio RICHMOND, VA 74,51174.5k $9.8m $9.8m 1.31% Reduced -17.8k -17,793
76 Mill Creek Capital Advisors, LLC 0.19% of their portfolio Conshohocken, PA 72,18672.2k $9.5m $9.5m 0.19% Unchanged
77 FIFTH THIRD BANCORP 0.03% of their portfolio CINCINNATI, OH 72,07872.1k $9.5m $9.5m 0.03% Added +2.2k +2,248
78 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 68,91568.9k $9.1m $9.1m 0.01% Reduced -2.2k -2,192
79 Mesirow Financial Investment Management, Inc. 0.18% of their portfolio CHICAGO, IL 66,54066.5k $8.8m $8.8m 0.18% Reduced -125.9k -125,887
80 Causey Wealth LLC 3.95% of their portfolio GREENWOOD VILLAGE, CO 66,14066.1k $8.7m $8.7m 3.95% Added +1.2k +1,181
81 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 65,55565.6k $8.6m $8.6m 0.03% Reduced -1.3k -1,327
82 Oldfather Financial Services, LLC 2.48% of their portfolio KEARNEY, NE 63,18563.2k $8.3m $8.3m 2.48% Added +4.9k +4,929
83 LMG Wealth Partners, LLC 1.53% of their portfolio SHREVEPORT, LA 62,45962.5k $8.2m $8.2m 1.53% Added +3.3k +3,348
84 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 62,32262.3k $8.2m $8.2m 0.02% Added +1.5k +1,500
85 Flaharty Asset Management, LLC 0.99% of their portfolio CLEARWATER, FL 60,43760.4k $8.0m $8.0m 0.99% Reduced -43.0k -43,015
86 InvesTrust 3.03% of their portfolio OKLAHOMA CITY, OK 59,63359.6k $7.8m $7.8m 3.03% Unchanged
87 DDFG, Inc 1.65% of their portfolio THOUSAND OAKS, CA 57,20357.2k $7.5m $7.5m 1.65% Added +1.1k +1,119
88 Arkadios Wealth Advisors 0.15% of their portfolio ATLANTA, GA 55,82255.8k $7.3m $7.3m 0.15% Added +42.3k +42,308
89 Pinnacle Financial Partners, Inc. 0.06% of their portfolio ATLANTA, GA 55,36655.4k $7.3m $7.3m 0.06% First filing
90 MidFirst Bank 0.58% of their portfolio DENVER, CO 54,99355.0k $7.2m $7.2m 0.58% First filing
91 IFP Advisors, Inc 0.16% of their portfolio TAMPA, FL 54,24954.2k $7.1m $7.1m 0.16% Added +1.7k +1,672
92 BlackRock, Inc. 0.00% of their portfolio New York, NY 53,35053.4k $7.0m $7.0m 0.00% Added +6.8k +6,835
93 Summit Financial, LLC 0.10% of their portfolio PARSIPPANY, NJ 53,00153.0k $7.0m $7.0m 0.10% Added +4.8k +4,797
94 Ullmann Wealth Partners Group, LLC 0.70% of their portfolio JACKSONVILLE BEACH, FL 52,27252.3k $6.7m $6.7m 0.70% Reduced -759 -759
95 Asset Dedication, LLC 0.45% of their portfolio SAN FRANCISCO, CA 51,72551.7k $6.8m $6.8m 0.45% Reduced -467 -467
96 First Citizens Financial Corp 3.31% of their portfolio MASON CITY, IA 50,99351.0k $6.7m $6.7m 3.31% Reduced -289 -289
97 GREENLEAF TRUST 0.06% of their portfolio KALAMAZOO, MI 50,93350.9k $6.7m $6.7m 0.06% Reduced -371 -371
98 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 50,30050.3k $6.6m $6.6m 0.00% Reduced -49.7k -49,700
99 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 49,70049.7k $6.5m $6.5m 0.01% Added +3.9k +3,863
100 MFA WEALTH ADVISORS, LLC 1.38% of their portfolio PITTSBURGH, PA 49,54349.5k $6.5m $6.5m 1.38% Added +2.6k +2,644