Vault-13

ISHARES TR IYZ

US TELECOM ETF · ETP · CUSIP 464287713

155 institutional holders +2 vs Q2 2025
17,949,14517.9m shares reported held*
$578.8mreported value*
19 new 59 added 46 reduced 17 sold out net bought ≈ $108.5m (+3.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $32.25. Options: 1 managers hold calls ($600.0k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 128Q4 22: 156Q1 23: 133Q2 23: 123Q3 23: 119Q4 23: 124Q1 24: 114Q2 24: 111Q3 24: 104Q4 24: 155Q1 25: 135Q2 25: 153Q3 25: 155155Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022128
Q4 2022156
Q1 2023133
Q2 2023123
Q3 2023119
Q4 2023124
Q1 2024114
Q2 2024111
Q3 2024104
Q4 2024155
Q1 2025135
Q2 2025153
Q3 2025155

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 57 bought or addedQ4 23: 51 cut or sold outQ1 24: 47 bought or addedQ1 24: 52 cut or sold outQ1 24Q2 24: 44 bought or addedQ2 24: 46 cut or sold outQ3 24: 37 bought or addedQ3 24: 53 cut or sold outQ3 24Q4 24: 83 bought or addedQ4 24: 39 cut or sold outQ1 25: 51 bought or addedQ1 25: 85 cut or sold outQ1 25Q2 25: 77 bought or addedQ2 25: 62 cut or sold outQ3 25: 78 bought or addedQ3 25: 63 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20235751
Q1 20244752
Q2 20244446
Q3 20243753
Q4 20248339
Q1 20255185
Q2 20257762
Q3 20257863

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ4 24 calls: $2.9mQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $1.6mQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $45.3mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $600.0kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$2.9m$00.00
Q1 2025$1.6m$00.00
Q2 2025$45.3m$00.00
Q3 2025$600.0k$00.00

Biggest buyers

CITIGROUP INC Added +1,217,487+1.2m
Cambridge Investment Research Advisors, Inc. Added +323,076+323.1k
Moloney Securities Asset Management, LLC New +287,914+287.9k
BNP PARIBAS FINANCIAL MARKETS Added +283,692+283.7k
Three Seasons Wealth, LLC New +270,687+270.7k
MORGAN STANLEY Added +261,247+261.2k
Strengthening Families & Communities, LLC Added +259,337+259.3k
RPS ADVISORY SOLUTIONS LLC Added +226,490+226.5k
BANK OF AMERICA CORP /DE/ Added +181,929+181.9k
CoreCap Advisors, LLC Added +175,339+175.3k

Biggest sellers

ROYAL BANK OF CANADA Reduced -754,152-754.2k
Qube Research & Technologies Ltd Reduced -184,307-184.3k
JANE STREET GROUP, LLC Sold out -135,327-135.3k
NATIONAL BANK OF CANADA /FI/ Reduced -78,318-78.3k
RENAISSANCE TECHNOLOGIES LLC Reduced -68,300-68.3k
RAYMOND JAMES FINANCIAL INC Reduced -35,150-35.1k
Camarda Financial Advisors, LLC Reduced -34,430-34.4k
Cetera Investment Advisers Reduced -33,616-33.6k
Kesler, Norman & Wride, LLC Sold out -32,775-32.8k
USA FINANCIAL FORMULAS Reduced -29,710-29.7k

Biggest calls

CITADEL ADVISORS LLC New $600.0k18.6k 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.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,088,1052.1m $67.4m $67.4m 0.00% Added +261.2k +261,247
2 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 2,085,5842.1m $67.3m $67.3m 0.05% Added +1.2m +1,217,487
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,617,6871.6m $52.2m $52.2m 0.00% Added +181.9k +181,929
4 PINKERTON WEALTH, LLC 4.16% of their portfolio COEUR D ALENE, ID 1,199,1981.2m $38.7m $38.7m 4.16% Added +45.2k +45,196
5 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 851,301851.3k $27.5m $27.5m 0.02% Added +283.7k +283,692
6 True Freedom Investing, LLC 9.42% of their portfolio COEUR D'ALENE, ID 817,539817.5k $26.4m $26.4m 9.42% Added +15.7k +15,728
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 594,206594.2k $19.2m $19.2m 0.01% Added +168.2k +168,224
8 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 593,702593.7k $19.2m $19.2m 0.05% Added +323.1k +323,076
9 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 475,604475.6k $15.3m $15.3m 0.01% Added +86.9k +86,933
10 Zurich Insurance Group Ltd/FI 0.11% of their portfolio ZURICH, V8 474,090474.1k $15.4m $15.4m 0.11% Added +123.8k +123,800
11 Camarda Financial Advisors, LLC 5.10% of their portfolio FLEMING ISLAND, FL 428,589428.6k $13.8m $13.8m 5.10% Reduced -34.4k -34,430
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 393,632393.6k $12.7m $12.7m 0.00% Reduced -35.1k -35,150
13 Orion Porfolio Solutions, LLC 0.08% of their portfolio OMAHA, NE 330,524330.5k $10.7m $10.7m 0.08% Reduced -4.2k -4,187
14 Moloney Securities Asset Management, LLC 1.11% of their portfolio MANCHESTER, MO 287,914287.9k $9.3m $9.3m 1.11% New
15 Three Seasons Wealth, LLC 0.87% of their portfolio SALT LAKE CITY, UT 270,687270.7k $8.7m $8.7m 0.87% New
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 265,375265.4k $8.6m $8.6m 0.00% Added +109.4k +109,359
17 Strengthening Families & Communities, LLC 1.86% of their portfolio BOSTON, MA 260,585260.6k $8.4m $8.4m 1.86% Added +259.3k +259,337
18 RPS ADVISORY SOLUTIONS LLC 3.88% of their portfolio LOUISVILLE, KY 244,977245.0k $7.9m $7.9m 3.88% Added +226.5k +226,490
19 Summit Financial Consulting LLC 5.43% of their portfolio STERLING HEIGHTS, MI 210,746210.7k $6.8m $6.8m 5.43% Reduced -12.4k -12,421
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 207,120207.1k $6.7m $6.7m 0.00% Added +13.9k +13,937
21 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 198,232198.2k $6.4m $6.4m 0.04% Added +29.6k +29,614
22 CoreCap Advisors, LLC 0.21% of their portfolio SOUTHFIELD, MI 182,552182.6k $5.9m $5.9m 0.21% Added +175.3k +175,339
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 176,638176.6k $5.7m $5.7m 0.00% Reduced -754.2k -754,152
24 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 167,540167.5k $5.4m $5.4m 0.01% Added +7.8k +7,815
25 Trek Financial, LLC 0.32% of their portfolio Scottsdale, AZ 165,233165.2k $5.3m $5.3m 0.32% New
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 145,829145.8k $4.7m $4.7m 0.00% Added +43.4k +43,378
27 EWG Elevate Inc. 1.44% of their portfolio ROSEVILLE, CA 142,963143.0k $4.6m $4.6m 1.44% Added +40.0k +39,976
28 Advisory Services Network, LLC 0.06% of their portfolio ATLANTA, GA 137,210137.2k $4.4m $4.4m 0.06% Reduced -3.2k -3,197
29 Baker Avenue Asset Management, LP 0.10% of their portfolio SAN FRANCISCO, CA 135,251135.3k $4.4m $4.4m 0.10% Added +3.2k +3,237
30 ALTFEST L J & CO INC 0.44% of their portfolio NEW YORK, NY 122,337122.3k $3.9m $3.9m 0.44% New
31 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 106,013106.0k $3.2m $3.2m 0.01% Added +54.2k +54,205
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 105,148105.1k $3.4m $3.4m 0.00% Added +41.4k +41,422
33 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 95,96096.0k $3.1m $3.1m 0.00% Reduced -33.6k -33,616
34 USA FINANCIAL FORMULAS 0.52% of their portfolio ADA, MI 92,29192.3k $3.0m $3.0m 0.52% Reduced -29.7k -29,710
35 Balboa Wealth Partners 0.50% of their portfolio SCOTTSDALE, AZ 89,58789.6k $2.9m $2.9m 0.50% Added +888 +888
36 PGIM Custom Harvest LLC 0.04% of their portfolio NEWARK, NJ 84,10184.1k $2.7m $2.7m 0.04% Unchanged
37 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 82,69482.7k $2.7m $2.7m 0.00% Added +1.1k +1,061
38 Lifestyle Asset Management, Inc. 0.83% of their portfolio FRIENDSWOOD, TX 75,36475.4k $2.4m $2.4m 0.83% Added +41.8k +41,821
39 CROBAN 1.62% of their portfolio FREMONT, OH 75,16275.2k $2.4m $2.4m 1.62% Reduced -472 -472
40 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 73,76473.8k $2.4m $2.4m 0.00% Added +49.8k +49,758
41 WESPAC Advisors, LLC 1.36% of their portfolio ORINDA, CA 72,08472.1k $2.3m $2.3m 1.36% Reduced -431 -431
42 Destination Wealth Management 0.06% of their portfolio Walnut Creek, CA 71,22371.2k $2.3m $2.3m 0.06% Reduced -405 -405
43 Integrated Advisors Network LLC 0.10% of their portfolio DALLAS, TX 70,48770.5k $2.3m $2.3m 0.10% Reduced -10.0k -9,982
44 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 67,56667.6k $2.2m $2.2m 0.02% Reduced -634 -634
45 INDEPENDENT FINANCIAL GROUP, LLC 0.05% of their portfolio SAN DIEGO, CA 61,02161.0k $2.0m $2.0m 0.05% Reduced -192 -192
46 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 54,93454.9k $1.8m $1.8m 0.02% New
47 Concurrent Investment Advisors, LLC 0.03% of their portfolio Tampa, FL 53,08053.1k $1.7m $1.7m 0.03% Added +1.8k +1,847
48 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 46,18846.2k $1.5m $1.5m 0.00% Added +26.5k +26,473
49 Mariner, LLC 0.00% of their portfolio Overland Park, KS 43,51443.5k $1.4m $1.4m 0.00% Added +35.4k +35,364
50 Nikulski Financial, Inc. 0.35% of their portfolio BETTENDORF, IA 43,19643.2k $1.4m $1.4m 0.35% Reduced -93 -93
51 LEUTHOLD GROUP, LLC 0.14% of their portfolio MINNEAPOLIS, MN 40,48740.5k $1.3m $1.3m 0.14% Reduced -1.5k -1,527
52 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 39,18439.2k $1.3m $1.3m 0.00% Added +3 +3
53 NBT BANK, N.A. 0.08% of their portfolio NORWICH, NY 37,50037.5k $1.2m $1.2m 0.08% Reduced -6 -6
54 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 37,38937.4k $1.2m $1.2m 0.00% Reduced -8.8k -8,750
55 Yeomans Consulting Group, Inc. 0.41% of their portfolio Marietta, GA 36,15136.2k $1.2m $1.2m 0.41% Added +920 +920
56 Buck Wealth Strategies, LLC 0.16% of their portfolio DENVER, CO 35,23535.2k $1.1m $1.1m 0.16% Reduced -999 -999
57 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 33,09133.1k $1.1m $1.1m 0.00% Reduced -444 -444
58 Lakeshore Capital Group, Inc. 0.81% of their portfolio Rolling Meadows, IL 31,15531.2k $1.0m $1.0m 0.81% Added +296 +296
59 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 31,13831.1k $1.0m $1.0m 0.00% Added +1.4k +1,391
60 Brendel Financial Advisors LLC 0.50% of their portfolio HANOVER, NH 30,45730.5k $982.5k $982.5k 0.50% New
61 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 29,72229.7k $958.8k $958.8k 0.01% Added +8.4k +8,442
62 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 27,73627.7k $894.8k $894.8k 0.01% Reduced -1.0k -1,014
63 Ausdal Financial Partners, Inc. 0.04% of their portfolio Davenport, IA 26,41226.4k $852.1k $852.1k 0.04% New
64 Koshinski Asset Management, Inc. 0.06% of their portfolio DECATUR, IL 25,96826.0k $837.7k $837.7k 0.06% Added +1 +1
65 Clear Creek Financial Management, LLC 0.07% of their portfolio SILVERDALE, WA 25,18725.2k $812.5k $812.5k 0.07% New
66 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 25,16625.2k $811.8k $811.8k 0.00% Added +574 +574
67 KKM Financial LLC 0.26% of their portfolio CHICAGO, IL 25,16025.2k $811.7k $811.7k 0.26% Reduced -3.2k -3,170
68 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 24,21524.2k $781.2k $781.2k 0.00% Reduced -24.2k -24,211
69 APS Management Group, Inc. 0.63% of their portfolio TORRANCE, CA 22,15522.2k $714.7k $714.7k 0.63% First filing
70 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 21,92421.9k $707.3k $707.3k 0.00% New
71 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 20,76420.8k $669.8k $669.8k 0.00% Unchanged
72 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 20,04420.0k $646.6k $646.6k 0.00% Reduced -9.0k -8,974
73 GSA CAPITAL PARTNERS LLP 0.05% of their portfolio LONDON, X0 19,61619.6k $633.0k $633.0k 0.05% Added +6.2k +6,217
74 Astoria Portfolio Advisors LLC. 0.17% of their portfolio NEW YORK, NY 19,33419.3k $639.8k $639.8k 0.17% New
75 VestGen Advisors, LLC 0.02% of their portfolio CHICAGO, IL 19,14419.1k $617.6k $617.6k 0.02% Added +124 +124
76 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 19,03119.0k $613.9k $613.9k 0.01% Reduced -11.5k -11,497
77 Retirement Planning Group, LLC 0.02% of their portfolio LEAWOOD, KS 18,95319.0k $611.4k $611.4k 0.02% Added +711 +711
78 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 18,09718.1k $583.8k $583.8k 0.00% Reduced -17.2k -17,215
79 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 17,55517.6k $566.3k $566.3k 0.00% New
80 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 17,16717.2k $553.8k $553.8k 0.00% Added +12.0k +11,964
81 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 16,49316.5k $527.9k $527.9k 0.00% Added +2.0k +2,033
82 WORLD EQUITY GROUP, INC. 0.12% of their portfolio SCHAUMBURG, IL 16,31016.3k $526.2k $526.2k 0.12% New
83 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 15,90215.9k $513.0k $513.0k 0.01% Reduced -770 -770
84 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 15,74015.7k $507.8k $507.8k 0.01% Reduced -1.7k -1,697
85 Freestone Capital Holdings, LLC 0.02% of their portfolio Seattle, WA 15,46215.5k $498.8k $498.8k 0.02% Reduced -1.7k -1,728
86 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 14,20014.2k $458.1k $458.1k 0.00% Reduced -68.3k -68,300
87 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 13,64713.6k $440.5k $440.5k 0.00% Reduced -10.1k -10,103
88 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 13,63013.6k $440.0k $440.0k 0.01% New
89 ST GERMAIN D J CO INC 0.02% of their portfolio SPRINGFIELD, MA 13,49613.5k $435.4k $435.4k 0.02% Unchanged
90 Alpha Cubed Investments, LLC 0.01% of their portfolio COSTA MESA, CA 12,93412.9k $417.3k $417.3k 0.01% Unchanged
91 OBSIDIAN CIO, LLC 0.05% of their portfolio NEW YORK, NY 12,12712.1k $391.2k $391.2k 0.05% Added +15 +15
92 Midwest Trust Co 0.00% of their portfolio Overland Park, KS 11,67111.7k $376.5k $376.5k 0.00% Reduced -300 -300
93 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 11,57311.6k $373.3k $373.3k 0.00% Added +7.3k +7,344
94 Williams & Novak, LLC 0.27% of their portfolio WESTLAKE VILLAGE, CA 10,86510.9k $350.5k $350.5k 0.27% Unchanged
95 Greenspring Advisors, LLC 0.06% of their portfolio Towson, MD 10,86110.9k $350.4k $350.4k 0.06% First filing
96 Stratos Investment Management, LLC 0.01% of their portfolio BEACHWOOD, OH 10,81610.8k $349.0k $349.0k 0.01% Added +3.0k +3,025
97 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 10,62110.6k $342.6k $342.6k 0.00% Unchanged
98 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.02% of their portfolio Westlake, OH 10,52310.5k $339.5k $339.5k 0.02% Reduced -25.9k -25,898
99 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 10,27810.3k $331.6k $331.6k 0.00% Reduced -217 -217
100 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 10,24010.2k $330.3k $330.3k 0.01% Added +23 +23