Vault-13

ISHARES TR IYR

U.S. REAL ES ETF · ETP · CUSIP 464287739

469 institutional holders -11 vs Q2 2025
45,534,80645.5m shares reported held*
$4.4bnreported value*
42 new 137 added 156 reduced 47 sold out net sold ≈ $121.8m (-2.8m 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 ($2.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $97.14. Options: 18 managers hold calls ($780.7m notional), 19 hold puts ($445.1m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 500Q4 22: 514Q1 23: 497Q2 23: 483Q3 23: 463Q4 23: 518Q1 24: 472Q2 24: 466Q3 24: 503Q4 24: 517Q1 25: 485Q2 25: 480Q3 25: 469469Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022500
Q4 2022514
Q1 2023497
Q2 2023483
Q3 2023463
Q4 2023518
Q1 2024472
Q2 2024466
Q3 2024503
Q4 2024517
Q1 2025485
Q2 2025480
Q3 2025469

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 216 bought or addedQ4 23: 203 cut or sold outQ1 24: 193 bought or addedQ1 24: 242 cut or sold outQ1 24Q2 24: 185 bought or addedQ2 24: 219 cut or sold outQ3 24: 230 bought or addedQ3 24: 183 cut or sold outQ3 24Q4 24: 224 bought or addedQ4 24: 214 cut or sold outQ1 25: 181 bought or addedQ1 25: 242 cut or sold outQ1 25Q2 25: 194 bought or addedQ2 25: 205 cut or sold outQ3 25: 179 bought or addedQ3 25: 203 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023216203
Q1 2024193242
Q2 2024185219
Q3 2024230183
Q4 2024224214
Q1 2025181242
Q2 2025194205
Q3 2025179203

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ4 24 calls: $851.2mQ4 24 puts: $1.0bnQ4 24P/C 1.22Q1 25 calls: $541.2mQ1 25 puts: $425.0mQ1 25P/C 0.79Q2 25 calls: $701.8mQ2 25 puts: $547.6mQ2 25P/C 0.78Q3 25 calls: $780.7mQ3 25 puts: $445.1mQ3 25P/C 0.57
Numbers
QuarterCallsPutsP/C
Q4 2024$851.2m$1.0bn1.22
Q1 2025$541.2m$425.0m0.79
Q2 2025$701.8m$547.6m0.78
Q3 2025$780.7m$445.1m0.57

Biggest buyers

BARCLAYS PLC Added +2,769,005+2.8m
BNP PARIBAS FINANCIAL MARKETS Added +1,106,364+1.1m
UBS Group AG Added +874,441+874.4k
Ilmarinen Mutual Pension Insurance Co Added +448,000+448.0k
WealthNavi Inc. Added +403,581+403.6k
WOLVERINE TRADING, LLC Added +338,099+338.1k
CIBC WORLD MARKET INC. Added +295,095+295.1k
Holocene Advisors, LP New +202,436+202.4k
Jain Global LLC New +128,767+128.8k
D. E. Shaw & Co., Inc. New +111,060+111.1k

Biggest sellers

MORGAN STANLEY Reduced -1,848,863-1.8m
Gallagher Fiduciary Advisors, LLC Sold out -1,554,040-1.6m
ROYAL BANK OF CANADA Reduced -925,099-925.1k
BANK OF AMERICA CORP /DE/ Reduced -810,986-811.0k
HSBC HOLDINGS PLC Sold out -790,403-790.4k
JPMORGAN CHASE & CO Reduced -729,174-729.2k
GOLDMAN SACHS GROUP INC Reduced -575,398-575.4k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -450,000-450.0k
CITIGROUP INC Reduced -446,644-446.6k
JANE STREET GROUP, LLC Reduced -190,939-190.9k

Biggest calls

JANE STREET GROUP, LLC Added $455.4m4.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $163.9m1.7m shares
CITADEL ADVISORS LLC Added $47.6m490.4k shares
UBS Group AG Added $39.9m411.5k shares
CAPITAL FUND MANAGEMENT S.A. Added $11.0m113.8k shares
Greenland Capital Management LP Added $8.7m90.0k shares
Anson Funds Management LP New $8.0m81.9k shares
BANK OF AMERICA CORP /DE/ Reduced $7.8m80.0k shares
PEAK6 LLC Reduced $7.4m76.6k shares
Centiva Capital, LP New $6.0m62.1k shares

Biggest puts

JANE STREET GROUP, LLC Reduced $98.5m1.0m shares
CITADEL ADVISORS LLC Added $93.9m966.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $91.5m942.1k shares
Anson Funds Management LP New $32.4m333.5k shares
GOLDMAN SACHS GROUP INC New $29.1m300.0k shares
TUDOR INVESTMENT CORP ET AL Added $25.2m259.4k shares
UBS Group AG Added $20.2m208.1k shares
BANK OF AMERICA CORP /DE/ Reduced $9.7m100.0k shares
WOLVERINE TRADING, LLC Added $7.9m81.8k shares
CITIGROUP INC New $7.3m75.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BARCLAYS PLC 0.22% of their portfolio LONDON, X0 6,161,2616.2m $598.1m $598.1m 0.22% Added +2.8m +2,769,005
2 WealthNavi Inc. 4.77% of their portfolio Shinagawa-ku, TOKYO, M0 5,298,6675.3m $514.4m $514.4m 4.77% Added +403.6k +403,581
3 CIBC Bancorp USA Inc. 2.14% of their portfolio CHICAGO, IL 3,661,4633.7m $355.5m $355.5m 2.14% First filing
4 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,169,2713.2m $307.7m $307.7m 0.02% Reduced -1.8m -1,848,863
5 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,671,8922.7m $259.4m $259.4m 0.04% Reduced -575.4k -575,398
6 UBS Group AG 0.05% of their portfolio ZURICH, V8 2,629,2352.6m $255.2m $255.2m 0.05% Added +874.4k +874,441
7 BNP PARIBAS FINANCIAL MARKETS 0.19% of their portfolio PARIS, I0 2,456,3212.5m $238.5m $238.5m 0.19% Added +1.1m +1,106,364
8 WOLVERINE TRADING, LLC 3.24% of their portfolio CHICAGO, IL 1,665,8151.7m $161.0m $161.0m 3.24% Added +338.1k +338,099
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,425,6251.4m $138.4m $138.4m 0.01% Reduced -811.0k -810,986
10 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 1,361,1311.4m $132.1m $132.1m 0.09% Reduced -446.6k -446,644
11 Ilmarinen Mutual Pension Insurance Co 0.95% of their portfolio HELSINKI, H9 1,302,9771.3m $126.5m $126.5m 0.95% Added +448.0k +448,000
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 621,913621.9k $60.4m $60.4m 0.00% Reduced -1.5k -1,494
13 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 590,025590.0k $57.3m $57.3m 0.05% Reduced -57.1k -57,082
14 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 566,441566.4k $55.0m $55.0m 0.01% Reduced -925.1k -925,099
15 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 513,162513.2k $49.8m $49.8m 0.01% Added +102.3k +102,278
16 PGIM Custom Harvest LLC 0.64% of their portfolio NEWARK, NJ 435,968436.0k $42.3m $42.3m 0.64% Reduced -1.2k -1,207
17 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 395,400395.4k $38.4m $38.4m 0.05% Reduced -23.3k -23,308
18 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 393,039393.0k $38.2m $38.2m 0.02% Reduced -2.2k -2,202
19 MERCER GLOBAL ADVISORS INC /ADV 0.06% of their portfolio DENVER, CO 367,967368.0k $35.7m $35.7m 0.06% Added +360 +360
20 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 346,929346.9k $33.7m $33.7m 0.01% Reduced -154.5k -154,458
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 325,077325.1k $31.6m $31.6m 0.02% Added +82.3k +82,256
22 CIBC WORLD MARKET INC. 0.06% of their portfolio TORONTO, A6 318,977319.0k $31.0m $31.0m 0.06% Added +295.1k +295,095
23 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.05% of their portfolio TORONTO, A6 300,000300.0k $29.1m $29.1m 0.05% Reduced -450.0k -450,000
24 CONNABLE OFFICE INC 2.65% of their portfolio KALAMAZOO, MI 294,445294.4k $28.6m $28.6m 2.65% Added +19.9k +19,926
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 285,712285.7k $27.7m $27.7m 0.00% Reduced -729.2k -729,174
26 FUKOKU MUTUAL LIFE INSURANCE Co 1.46% of their portfolio TOKYO, M0 243,000243.0k $23.6m $23.6m 1.46% Unchanged
27 Pathstone Holdings, LLC 0.09% of their portfolio ENGLEWOOD, NJ 239,108239.1k $23.2m $23.2m 0.09% Added +808 +808
28 J. Goldman & Co LP 0.84% of their portfolio NEW YORK, NY 227,791227.8k $22.1m $22.1m 0.84% Added +61.6k +61,591
29 Holocene Advisors, LP 0.05% of their portfolio New York, NY 202,436202.4k $19.7m $19.7m 0.05% New
30 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 202,028202.0k $19.6m $19.6m 0.01% Reduced -7.0k -7,028
31 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 191,536191.5k $18.6m $18.6m 0.00% Reduced -144.3k -144,282
32 Passaic Partners LLC 2.21% of their portfolio NEWARK, NJ 189,294189.3k $18.4m $18.4m 2.21% Reduced -27.8k -27,840
33 Mariner, LLC 0.02% of their portfolio Overland Park, KS 188,715188.7k $18.3m $18.3m 0.02% Reduced -208 -208
34 Sand Hill Global Advisors, LLC 0.54% of their portfolio Palo Alto, CA 157,651157.7k $15.3m $15.3m 0.54% Added +11.7k +11,723
35 Magnus Financial Group LLC 1.21% of their portfolio NEW YORK, NY 157,280157.3k $15.3m $15.3m 1.21% Added +6.0k +6,041
36 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 149,425149.4k $14.5m $14.5m 0.02% Added +66.5k +66,531
37 Financial Advisory Corp 2.04% of their portfolio Grand Rapids, MI 142,566142.6k $13.8m $13.8m 2.04% Added +683 +683
38 Global Endowment Management, LP 1.65% of their portfolio CHARLOTTE, NC 136,080136.1k $13.2m $13.2m 1.65% Added +42.2k +42,200
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 130,204130.2k $12.6m $12.6m 0.00% Added +8.4k +8,423
40 Jain Global LLC 0.16% of their portfolio NEW YORK, NY 128,767128.8k $12.5m $12.5m 0.16% New
41 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.22% of their portfolio TOKYO, M0 126,333126.3k $12.3m $12.3m 0.22% Reduced -2.0k -2,004
42 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 115,821115.8k $11.2m $11.2m 0.04% Reduced -1.5k -1,534
43 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 113,974114.0k $11.1m $11.1m 0.03% Added +8.3k +8,270
44 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 111,060111.1k $10.8m $10.8m 0.01% New
45 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 109,457109.5k $10.6m $10.6m 0.01% Reduced -190.9k -190,939
46 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 102,816102.8k $10.0m $10.0m 0.02% Reduced -81.2k -81,158
47 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 101,033101.0k $9.8m $9.8m 0.00% Reduced -2.7k -2,737
48 Maven Securities LTD 1.85% of their portfolio ST HELIER, Y9 99,62199.6k $9.7m $9.7m 1.85% Reduced -83.2k -83,225
49 NorthCoast Asset Management LLC 0.04% of their portfolio STAMFORD, CT 98,29998.3k $9.5m $9.5m 0.04% Added +3.0k +2,972
50 DDFG, Inc 2.03% of their portfolio THOUSAND OAKS, CA 90,44190.4k $8.8m $8.8m 2.03% New
51 UNIQUE WEALTH, LLC 1.12% of their portfolio TAMPA, FL 78,44378.4k $7.6m $7.6m 1.12% Added +2.3k +2,335
52 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 71,28271.3k $6.9m $6.9m 0.01% Added +65.0k +65,036
53 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 70,20070.2k $6.8m $6.8m 0.01% Added +31.2k +31,200
54 TUDOR INVESTMENT CORP ET AL 0.04% of their portfolio STAMFORD, CT 69,99370.0k $6.8m $6.8m 0.04% Reduced -21.6k -21,600
55 BAILARD, INC. 0.15% of their portfolio Foster City, CA 69,49469.5k $6.7m $6.7m 0.15% Unchanged
56 Matthew Goff Investment Advisor, LLC 1.15% of their portfolio HOUSTON, TX 69,23769.2k $6.7m $6.7m 1.15% Reduced -59 -59
57 SCS Capital Management LLC 0.07% of their portfolio BOSTON, MA 63,31463.3k $6.1m $6.1m 0.07% Unchanged
58 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 63,01663.0k $6.1m $6.1m 0.01% Added +16.3k +16,323
59 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 61,67161.7k $6.0m $6.0m 0.02% Reduced -56.7k -56,690
60 MISSION WEALTH MANAGEMENT, LP 0.12% of their portfolio Santa Barbara, CA 60,44460.4k $5.9m $5.9m 0.12% Reduced -2.9k -2,913
61 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 58,15458.2k $5.6m $5.6m 0.00% Reduced -59.3k -59,259
62 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 56,43256.4k $5.5m $5.5m 0.01% Reduced -19.2k -19,222
63 COURIER CAPITAL LLC 0.31% of their portfolio BUFFALO, NY 56,06556.1k $5.4m $5.4m 0.31% Added +2.6k +2,645
64 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 55,69655.7k $5.4m $5.4m 0.01% Reduced -4.3k -4,305
65 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 55,02655.0k $5.4m $5.4m 0.01% Reduced -30.6k -30,590
66 ARKANSAS FINANCIAL GROUP, INC. 0.77% of their portfolio LITTLE ROCK, AR 53,56253.6k $5.2m $5.2m 0.77% Added +1.6k +1,621
67 Measured Wealth Private Client Group, LLC 1.37% of their portfolio PORTSMOUTH, NH 52,25652.3k $5.1m $5.1m 1.37% Added +2.6k +2,574
68 Running Point Capital Advisors, LLC 1.33% of their portfolio EL SEGUNDO, CA 51,29151.3k $5.0m $5.0m 1.33% Added +1.8k +1,755
69 Allie Family Office LLC 2.32% of their portfolio MIAMI, FL 50,36850.4k $4.9m $4.9m 2.32% Added +12.5k +12,513
70 New Republic Capital, LLC 1.49% of their portfolio CHARLOTTE, NC 50,12350.1k $4.9m $4.9m 1.49% Unchanged
71 CarsonAllaria Wealth Management, Ltd. 2.51% of their portfolio GLEN CARBON, IL 49,63949.6k $4.8m $4.8m 2.51% Added +2.4k +2,403
72 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 49,43549.4k $4.8m $4.8m 0.01% Added +2.0k +2,003
73 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 49,36049.4k $4.8m $4.8m 0.01% Reduced -2.2k -2,206
74 REBALANCE, LLC 0.28% of their portfolio PALO ALTO, CA 47,25347.3k $4.6m $4.6m 0.28% Added +563 +563
75 Jump Financial, LLC 0.06% of their portfolio Chicago, IL 46,37246.4k $4.5m $4.5m 0.06% New
76 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 45,69945.7k $4.4m $4.4m 0.01% Added +4.4k +4,410
77 Modern Wealth Management, LLC 0.08% of their portfolio KANSAS CITY, MO 40,15740.2k $3.9m $3.9m 0.08% Reduced -14.7k -14,731
78 FOX RUN MANAGEMENT, L.L.C. 0.61% of their portfolio GREENWICH, CT 40,10040.1k $3.9m $3.9m 0.61% New
79 Rodgers & Associates, LTD 0.40% of their portfolio Lancaster, PA 39,63239.6k $3.8m $3.8m 0.40% Added +1.1k +1,141
80 Pictet North America Advisors SA 0.34% of their portfolio GENEVA 73, V8 37,43437.4k $3.6m $3.6m 0.34% Unchanged
81 Naviter Wealth, LLC 0.42% of their portfolio LITTLE ROCK, AR 37,04137.0k $3.6m $3.6m 0.42% Added +6 +6
82 SHEETS SMITH WEALTH MANAGEMENT 0.40% of their portfolio WINSTON-SALEM, NC 36,00036.0k $3.5m $3.5m 0.40% Unchanged
83 Whitegate Investment Counselors, Inc. 1.13% of their portfolio CONCORD, NH 35,22335.2k $3.4m $3.4m 1.13% Reduced -165 -165
84 Allegheny Financial Group 0.64% of their portfolio Pittsburgh, PA 35,14835.1k $3.4m $3.4m 0.64% Reduced -298 -298
85 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 34,94034.9k $3.4m $3.4m 0.04% Reduced -139 -139
86 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 34,91234.9k $3.4m $3.4m 0.03% Added +8.1k +8,107
87 Fairway Wealth LLC 0.94% of their portfolio INDEPENDENCE, OH 34,48134.5k $3.3m $3.3m 0.94% Added +25 +25
88 FORTE ASSET MANAGEMENT LLC 1.49% of their portfolio BEDFORD, NY 31,88931.9k $3.1m $3.1m 1.49% Added +25 +25
89 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 31,47931.5k $3.1m $3.1m 0.00% Reduced -384 -384
90 TCM Advisors, LLC 2.53% of their portfolio MARTINSBURG, WV 30,82130.8k $3.0m $3.0m 2.53% Reduced -1.8k -1,779
91 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.02% of their portfolio Madrid, U3 29,87229.9k $2.9m $2.9m 0.02% Reduced -975 -975
92 JFS WEALTH ADVISORS, LLC 0.17% of their portfolio HERMITAGE, PA 29,41029.4k $2.9m $2.9m 0.17% Added +1.7k +1,745
93 SBI Securities Co., Ltd. 0.07% of their portfolio TOKYO, M0 28,22528.2k $2.7m $2.7m 0.07% Reduced -793 -793
94 SILVER OAK SECURITIES, INCORPORATED 0.20% of their portfolio JACKSON, TN 28,14428.1k $2.7m $2.7m 0.20% Reduced -1.1k -1,065
95 Checchi Capital Advisers, LLC 0.19% of their portfolio BEVERLY HILLS, CA 28,02628.0k $2.7m $2.7m 0.19% Reduced -1.1k -1,110
96 Rakuten Investment Management, Inc. 0.01% of their portfolio TOKYO, M0 27,53627.5k $2.7m $2.7m 0.01% First filing
97 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 27,25927.3k $2.6m $2.6m 0.00% Added +817 +817
98 JMAC ENTERPRISES LLC 0.52% of their portfolio NEWTOWN, PA 27,20127.2k $2.6m $2.6m 0.52% Added +1.2k +1,160
99 Glenview Trust Co 0.04% of their portfolio Louisville, KY 26,74026.7k $2.6m $2.6m 0.04% Reduced -12.6k -12,622
100 GTS SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 26,37626.4k $2.6m $2.6m 0.10% New