Vault-13

ISHARES TR IYZ

US TELECOM ETF · ETP · CUSIP 464287713

169 institutional holders +14 vs Q3 2025
16,974,57117.0m shares reported held*
$575.5mreported value*
24 new 54 added 51 reduced 16 sold out net sold ≈ $29.7m (-874.9k 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 ≈ $33.90. Options: 2 managers hold calls ($881.4k notional), 0 hold puts (—).

Trends to Q4 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: 155Q4 25: 169169Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025169

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 47 bought or addedQ1 24: 52 cut or sold outQ2 24: 44 bought or addedQ2 24: 46 cut or sold outQ2 24Q3 24: 37 bought or addedQ3 24: 53 cut or sold outQ4 24: 83 bought or addedQ4 24: 39 cut or sold outQ4 24Q1 25: 51 bought or addedQ1 25: 85 cut or sold outQ2 25: 77 bought or addedQ2 25: 62 cut or sold outQ2 25Q3 25: 78 bought or addedQ3 25: 63 cut or sold outQ4 25: 78 bought or addedQ4 25: 67 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244752
Q2 20244446
Q3 20243753
Q4 20248339
Q1 20255185
Q2 20257762
Q3 20257863
Q4 20257867

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 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 0.00Q4 25 calls: $881.4kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$1.6m$00.00
Q2 2025$45.3m$00.00
Q3 2025$600.0k$00.00
Q4 2025$881.4k$00.00

Biggest buyers

GOLDMAN SACHS GROUP INC Added +188,950+188.9k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +163,500+163.5k
ROYAL BANK OF CANADA Added +124,280+124.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +83,673+83.7k
UBS Group AG Added +79,153+79.2k
TD Waterhouse Canada Inc. New +76,994+77.0k
VestGen Advisors, LLC Added +74,237+74.2k
PINKERTON WEALTH, LLC Added +54,456+54.5k
Corient Private Wealth LP Added +52,965+53.0k
CITIGROUP INC Added +42,121+42.1k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Sold out -475,604-475.6k
True Freedom Investing, LLC Reduced -263,778-263.8k
Strengthening Families & Communities, LLC Sold out -260,585-260.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -205,495-205.5k
BANK OF AMERICA CORP /DE/ Reduced -194,658-194.7k
Trek Financial, LLC Sold out -165,233-165.2k
ALTFEST L J & CO INC Sold out -122,337-122.3k
MORGAN STANLEY Reduced -77,882-77.9k
Sanctuary Advisors, LLC Reduced -44,522-44.5k
JPMORGAN CHASE & CO Reduced -43,476-43.5k

Biggest calls

CITADEL ADVISORS LLC Reduced $454.3k13.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $427.1k12.6k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 2,127,7052.1m $72.1m $72.1m 0.05% Added +42.1k +42,121
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,010,2232.0m $68.1m $68.1m 0.00% Reduced -77.9k -77,882
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,423,0291.4m $48.2m $48.2m 0.00% Reduced -194.7k -194,658
4 PINKERTON WEALTH, LLC 4.36% of their portfolio COEUR D ALENE, ID 1,253,6541.3m $42.5m $42.5m 4.36% Added +54.5k +54,456
5 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 645,806645.8k $21.9m $21.9m 0.01% Reduced -205.5k -205,495
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 607,814607.8k $20.6m $20.6m 0.01% Added +13.6k +13,608
7 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 584,902584.9k $19.8m $19.8m 0.05% Reduced -8.8k -8,800
8 True Freedom Investing, LLC 1.28% of their portfolio COEUR D'ALENE, ID 553,761553.8k $18.8m $18.8m 1.28% Reduced -263.8k -263,778
9 Zurich Insurance Group Ltd/FI 0.11% of their portfolio ZURICH, V8 474,090474.1k $16.1m $16.1m 0.11% Unchanged
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 454,325454.3k $15.4m $15.4m 0.00% Added +188.9k +188,950
11 Camarda Financial Advisors, LLC 5.40% of their portfolio FLEMING ISLAND, FL 418,208418.2k $14.2m $14.2m 5.40% Reduced -10.4k -10,381
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 378,581378.6k $12.8m $12.8m 0.00% Reduced -15.1k -15,051
13 Orion Porfolio Solutions, LLC 0.08% of their portfolio OMAHA, NE 313,495313.5k $10.6m $10.6m 0.08% Reduced -17.0k -17,029
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 300,918300.9k $10.2m $10.2m 0.00% Added +124.3k +124,280
15 Three Seasons Wealth, LLC 0.95% of their portfolio SALT LAKE CITY, UT 292,582292.6k $9.9m $9.9m 0.95% Added +21.9k +21,895
16 RPS ADVISORY SOLUTIONS LLC 4.22% of their portfolio LOUISVILLE, KY 263,764263.8k $8.9m $8.9m 4.22% Added +18.8k +18,787
17 WealthCare Asset Management, LLC 7.27% of their portfolio SPRINGFIELD, MO 242,130242.1k $7.9m $7.9m 7.27% First filing
18 Summit Financial Consulting LLC 5.62% of their portfolio STERLING HEIGHTS, MI 228,255228.3k $7.7m $7.7m 5.62% Added +17.5k +17,509
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 224,982225.0k $7.6m $7.6m 0.00% Added +79.2k +79,153
20 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 217,383217.4k $7.4m $7.4m 0.00% Added +10.3k +10,263
21 AE Wealth Management LLC 0.04% of their portfolio TOPEKA, KS 193,132193.1k $6.5m $6.5m 0.04% Reduced -5.1k -5,100
22 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 165,620165.6k $5.6m $5.6m 0.01% Reduced -1.9k -1,920
23 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 163,500163.5k $5.5m $5.5m 0.01% New
24 CoreCap Advisors, LLC 0.19% of their portfolio SOUTHFIELD, MI 159,060159.1k $5.4m $5.4m 0.19% Reduced -23.5k -23,492
25 Advisory Services Network, LLC 0.07% of their portfolio ATLANTA, GA 141,791141.8k $4.8m $4.8m 0.07% Added +4.6k +4,581
26 Baker Avenue Asset Management, LP 0.11% of their portfolio SAN FRANCISCO, CA 136,737136.7k $4.6m $4.6m 0.11% Added +1.5k +1,486
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 105,597105.6k $3.6m $3.6m 0.00% Added +83.7k +83,673
28 Lifestyle Asset Management, Inc. 1.14% of their portfolio FRIENDSWOOD, TX 103,417103.4k $3.5m $3.5m 1.14% Added +28.1k +28,053
29 VestGen Advisors, LLC 0.13% of their portfolio CHICAGO, IL 93,38193.4k $3.2m $3.2m 0.13% Added +74.2k +74,237
30 Balboa Wealth Partners 0.50% of their portfolio SCOTTSDALE, AZ 88,96389.0k $3.0m $3.0m 0.50% Reduced -624 -624
31 PGIM Custom Harvest LLC 0.04% of their portfolio NEWARK, NJ 86,32586.3k $2.9m $2.9m 0.04% Added +2.2k +2,224
32 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 83,98684.0k $2.8m $2.8m 0.00% Added +1.3k +1,292
33 USA FINANCIAL FORMULAS 0.50% of their portfolio ADA, MI 80,88480.9k $2.7m $2.7m 0.50% Reduced -11.4k -11,407
34 TD Waterhouse Canada Inc. 0.02% of their portfolio TORONTO, A6 76,99477.0k $2.6m $2.6m 0.02% New
35 CROBAN 1.24% of their portfolio FREMONT, OH 75,97976.0k $2.6m $2.6m 1.24% Added +817 +817
36 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 74,19174.2k $2.5m $2.5m 0.00% Reduced -21.8k -21,769
37 Destination Wealth Management 0.06% of their portfolio Walnut Creek, CA 71,29871.3k $2.4m $2.4m 0.06% Added +75 +75
38 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 71,06271.1k $2.4m $2.4m 0.00% Added +53.0k +52,965
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 70,47570.5k $2.4m $2.4m 0.00% Reduced -3.3k -3,289
40 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 69,57669.6k $2.4m $2.4m 0.02% Added +2.0k +2,010
41 Integrated Advisors Network LLC 0.10% of their portfolio DALLAS, TX 69,07269.1k $2.3m $2.3m 0.10% Reduced -1.4k -1,415
42 WESPAC Advisors, LLC 1.20% of their portfolio ORINDA, CA 65,33565.3k $2.2m $2.2m 1.20% Reduced -6.7k -6,749
43 INDEPENDENT FINANCIAL GROUP, LLC 0.05% of their portfolio SAN DIEGO, CA 61,81861.8k $2.1m $2.1m 0.05% Added +797 +797
44 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 61,67261.7k $2.1m $2.1m 0.00% Reduced -43.5k -43,476
45 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 61,49161.5k $2.1m $2.1m 0.01% Reduced -44.5k -44,522
46 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 58,08558.1k $2.0m $2.0m 0.00% Added +20.7k +20,696
47 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 54,93454.9k $1.9m $1.9m 0.01% Unchanged
48 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 52,89452.9k $1.8m $1.8m 0.02% Reduced -186 -186
49 Wagner Wealth Management, Corp 1.59% of their portfolio CONYNGHAM, PA 47,47447.5k $1.6m $1.6m 1.59% First filing
50 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 46,60346.6k $1.6m $1.6m 0.00% Added +415 +415
51 ST GERMAIN D J CO INC 0.06% of their portfolio SPRINGFIELD, MA 43,92643.9k $1.5m $1.5m 0.06% Added +30.4k +30,430
52 Nikulski Financial, Inc. 0.34% of their portfolio BETTENDORF, IA 41,90741.9k $1.4m $1.4m 0.34% Reduced -1.3k -1,289
53 Yeomans Consulting Group, Inc. 0.39% of their portfolio Marietta, GA 39,67039.7k $1.3m $1.3m 0.39% Added +3.5k +3,519
54 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 39,61239.6k $1.3m $1.3m 0.00% Added +428 +428
55 Mariner, LLC 0.00% of their portfolio Overland Park, KS 37,54637.5k $1.3m $1.3m 0.00% Reduced -6.0k -5,968
56 NBT BANK, N.A. 0.08% of their portfolio NORWICH, NY 37,37037.4k $1.3m $1.3m 0.08% Reduced -130 -130
57 Kesler, Norman & Wride, LLC 0.21% of their portfolio OGDEN, UT 35,33535.3k $1.2m $1.2m 0.21% New
58 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 32,57732.6k $1.1m $1.1m 0.00% Reduced -514 -514
59 Lakeshore Capital Group, Inc. 0.84% of their portfolio Rolling Meadows, IL 30,90330.9k $1.0m $1.0m 0.84% Reduced -252 -252
60 Brendel Financial Advisors LLC 0.47% of their portfolio HANOVER, NH 28,44128.4k $964.1k $964.1k 0.47% Reduced -2.0k -2,016
61 Leo Wealth, LLC 0.07% of their portfolio HURST, TX 28,41828.4k $963.4k $963.4k 0.07% New
62 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 27,56427.6k $934.4k $934.4k 0.01% Reduced -172 -172
63 HARMONY ASSET MANAGEMENT LLC 0.31% of their portfolio SCOTTSDALE, AZ 27,41927.4k $929.5k $929.5k 0.31% New
64 Buck Wealth Strategies, LLC 0.12% of their portfolio DENVER, CO 27,31927.3k $926.1k $926.1k 0.12% Reduced -7.9k -7,916
65 Alpha Cubed Investments, LLC 0.03% of their portfolio COSTA MESA, CA 26,79726.8k $908.4k $908.4k 0.03% Added +13.9k +13,863
66 Koshinski Asset Management, Inc. 0.06% of their portfolio DECATUR, IL 26,57726.6k $901.0k $901.0k 0.06% Added +609 +609
67 KKM Financial LLC 0.16% of their portfolio CHICAGO, IL 26,17126.2k $887.2k $887.2k 0.16% Added +1.0k +1,011
68 Clear Creek Financial Management, LLC 0.07% of their portfolio SILVERDALE, WA 25,45125.5k $862.8k $862.8k 0.07% Added +264 +264
69 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 25,13425.1k $852.0k $852.0k 0.00% Reduced -32 -32
70 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 23,77423.8k $806.0k $806.0k 0.00% Reduced -441 -441
71 APS Management Group, Inc. 0.64% of their portfolio TORRANCE, CA 21,91321.9k $742.8k $742.8k 0.64% Reduced -242 -242
72 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 21,55321.6k $730.6k $730.6k 0.00% Reduced -9.6k -9,585
73 Astoria Portfolio Advisors LLC. 0.19% of their portfolio NEW YORK, NY 21,54521.5k $841.1k $841.1k 0.19% Added +2.2k +2,211
74 Retirement Planning Group, LLC 0.02% of their portfolio LEAWOOD, KS 21,14321.1k $716.7k $716.7k 0.02% Added +2.2k +2,190
75 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 20,76420.8k $703.9k $703.9k 0.00% Unchanged
76 SHP Wealth Management 0.05% of their portfolio PLYMOUTH, MA 20,29920.3k $688.1k $688.1k 0.05% First filing
77 Ausdal Financial Partners, Inc. 0.03% of their portfolio Davenport, IA 19,70819.7k $668.1k $668.1k 0.03% Reduced -6.7k -6,704
78 HARBOUR INVESTMENTS, INC. 0.01% of their portfolio MADISON, WI 19,09019.1k $647.2k $647.2k 0.01% Added +59 +59
79 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 18,27818.3k $619.6k $619.6k 0.00% Added +1.8k +1,785
80 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 17,58917.6k $596.3k $596.3k 0.00% Added +6.0k +6,016
81 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 17,39717.4k $589.8k $589.8k 0.00% Reduced -2.6k -2,647
82 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 16,22616.2k $550.1k $550.1k 0.01% New
83 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 15,00315.0k $508.6k $508.6k 0.01% Reduced -737 -737
84 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 14,37714.4k $487.4k $487.4k 0.01% Reduced -1.5k -1,525
85 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,25114.3k $483.1k $483.1k 0.00% Reduced -3.3k -3,304
86 Kovack Advisors, Inc. 0.02% of their portfolio FT. LAUDERDALE, FL 13,20413.2k $447.6k $447.6k 0.02% New
87 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 12,72812.7k $430.5k $430.5k 0.00% New
88 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 12,17912.2k $412.9k $412.9k 0.00% New
89 Midwest Trust Co 0.00% of their portfolio Overland Park, KS 11,67111.7k $395.6k $395.6k 0.00% Unchanged
90 Stratos Investment Management, LLC 0.01% of their portfolio BEACHWOOD, OH 11,01511.0k $373.4k $373.4k 0.01% Added +199 +199
91 GTS SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 10,97511.0k $372.1k $372.1k 0.01% New
92 Greenspring Advisors, LLC 0.02% of their portfolio Towson, MD 10,86110.9k $368.2k $368.2k 0.02% Unchanged
93 COMMERCE BANK 0.00% of their portfolio KANSAS CITY, MO 10,62110.6k $360.1k $360.1k 0.00% Unchanged
94 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,9399.9k $336.9k $336.9k 0.00% Reduced -7.2k -7,228
95 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 9,8809.9k $335.0k $335.0k 0.02% Added +1.1k +1,148
96 CX Institutional 0.01% of their portfolio AUBURN, IN 9,8769.9k $335.0k $335.0k 0.01% Added +2.5k +2,485
97 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 9,8649.9k $334.4k $334.4k 0.00% Reduced -414 -414
98 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 9,7239.7k $329.6k $329.6k 0.01% Reduced -517 -517
99 GSA CAPITAL PARTNERS LLP 0.03% of their portfolio LONDON, X0 9,5659.6k $324.0k $324.0k 0.03% Reduced -10.1k -10,051
100 Williams & Novak, LLC 0.24% of their portfolio WESTLAKE VILLAGE, CA 9,3659.4k $317.5k $317.5k 0.24% Reduced -1.5k -1,500