Vault-13

ISHARES TR IYR

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

464 institutional holders -15 vs Q4 2025
44,199,87644.2m shares reported held*
$4.0bnreported value*
46 new 154 added 129 reduced 56 sold out net sold ≈ $1.1bn (-9.8m 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $90.96. Options: 14 managers hold calls ($744.5m notional), 16 hold puts ($347.6m).

Trends to Q1 2026

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: 469Q4 25: 479Q1 26: 464464Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025479
Q1 2026464

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 192 bought or addedQ4 25: 195 cut or sold outQ1 26: 200 bought or addedQ1 26: 185 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024185219
Q3 2024230183
Q4 2024224214
Q1 2025181242
Q2 2025194205
Q3 2025179203
Q4 2025192195
Q1 2026200185

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ2 25 calls: $701.8mQ2 25 puts: $547.6mQ2 25P/C 0.78Q3 25 calls: $780.7mQ3 25 puts: $445.1mQ3 25P/C 0.57Q4 25 calls: $785.8mQ4 25 puts: $425.2mQ4 25P/C 0.54Q1 26 calls: $744.5mQ1 26 puts: $347.6mQ1 26P/C 0.47
Numbers
QuarterCallsPutsP/C
Q2 2025$701.8m$547.6m0.78
Q3 2025$780.7m$445.1m0.57
Q4 2025$785.8m$425.2m0.54
Q1 2026$744.5m$347.6m0.47

Biggest buyers

Gallagher Fiduciary Advisors, LLC Added +1,712,335+1.7m
MORGAN STANLEY Added +1,131,297+1.1m
GOLDMAN SACHS GROUP INC Added +439,782+439.8k
Ilmarinen Mutual Pension Insurance Co Added +424,330+424.3k
JPMORGAN CHASE & CO Added +292,741+292.7k
SG Americas Securities, LLC Added +222,825+222.8k
STIFEL FINANCIAL CORP Added +221,142+221.1k
Passaic Partners LLC New +183,304+183.3k
WealthNavi Inc. Added +171,312+171.3k
Walleye Capital LLC Added +169,556+169.6k

Biggest sellers

HSBC HOLDINGS PLC Reduced -8,489,304-8.5m
BARCLAYS PLC Reduced -1,859,627-1.9m
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -1,423,964-1.4m
CITIGROUP INC Reduced -919,133-919.1k
TWO SIGMA INVESTMENTS, LP Reduced -729,200-729.2k
JANE STREET GROUP, LLC Reduced -368,133-368.1k
BNP PARIBAS FINANCIAL MARKETS Reduced -319,417-319.4k
UBS Group AG Reduced -304,388-304.4k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -300,000-300.0k
CITADEL ADVISORS LLC Reduced -190,692-190.7k

Biggest calls

JANE STREET GROUP, LLC Reduced $421.6m4.5m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $246.7m2.6m shares
Parallax Volatility Advisers, L.P. Added $18.8m185.8k shares
MILLENNIUM MANAGEMENT LLC Unchanged $11.1m117.2k shares
CITADEL ADVISORS LLC Reduced $9.8m103.5k shares
Jain Global LLC Added $9.5m100.0k shares
Greenland Capital Management LP Added $8.5m90.0k shares
Balyasny Asset Management L.P. New $6.7m70.4k shares
ROYAL BANK OF CANADA Added $5.1m54.0k shares
Walleye Trading LLC Added $2.8m30.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $97.5m1.0m shares
CITADEL ADVISORS LLC Reduced $84.8m896.5k shares
JANE STREET GROUP, LLC Reduced $70.5m745.6k shares
TUDOR INVESTMENT CORP ET AL Added $24.3m256.9k shares
MILLENNIUM MANAGEMENT LLC Unchanged $18.2m192.2k shares
Balyasny Asset Management L.P. Added $13.0m137.1k shares
Flat Footed LLC New $10.4m110.0k shares
Jain Global LLC Reduced $9.5m100.0k shares
ROYAL BANK OF CANADA New $5.1m54.0k shares
Parallax Volatility Advisers, L.P. Reduced $5.1m50.0k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WealthNavi Inc. 4.93% of their portfolio Shinagawa-ku, TOKYO, M0 6,010,2496.0m $568.3m $568.3m 4.93% Added +171.3k +171,312
2 BARCLAYS PLC 0.15% of their portfolio LONDON, X0 4,400,4984.4m $416.1m $416.1m 0.15% Reduced -1.9m -1,859,627
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,818,7313.8m $361.1m $361.1m 0.02% Added +1.1m +1,131,297
4 CIBC Bancorp USA Inc. 0.38% of their portfolio CHICAGO, IL 2,969,6583.0m $280.8m $280.8m 0.38% First filing
5 BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio PARIS, I0 1,806,9171.8m $170.9m $170.9m 0.11% Reduced -319.4k -319,417
6 Gallagher Fiduciary Advisors, LLC 0.00% of their portfolio ROLLING MEADOWS, IL 1,730,6371.7m $18.3k $18.3k 0.00% Added +1.7m +1,712,335
7 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,640,6041.6m $155.1m $155.1m 0.02% Added +439.8k +439,782
8 Ilmarinen Mutual Pension Insurance Co 1.21% of their portfolio HELSINKI, H9 1,620,9071.6m $153.3m $153.3m 1.21% Added +424.3k +424,330
9 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 1,518,9641.5m $143.6m $143.6m 0.02% Reduced -1.4m -1,423,964
10 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,390,7051.4m $131.5m $131.5m 0.02% Reduced -304.4k -304,388
11 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,292,4911.3m $122.2m $122.2m 0.01% Added +145.8k +145,840
12 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 1,039,0211.0m $98.2m $98.2m 0.06% Reduced -919.1k -919,133
13 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 984,203984.2k $93.1m $93.1m 0.08% Reduced -729.2k -729,200
14 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 955,520955.5k $90.4m $90.4m 0.08% Added +221.1k +221,142
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 638,133638.1k $60.3m $60.3m 0.00% Reduced -322 -322
16 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 624,983625.0k $59.1m $59.1m 0.01% Added +7.1k +7,056
17 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 453,346453.3k $42.9m $42.9m 0.01% Reduced -171.2k -171,202
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 436,650436.6k $40.6m $40.6m 0.00% Added +292.7k +292,741
19 SG Americas Securities, LLC 0.04% of their portfolio NEW YORK, NY 403,457403.5k $38.2m $38.2m 0.04% Added +222.8k +222,825
20 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 371,109371.1k $35.1m $35.1m 0.02% Reduced -5.2k -5,250
21 US BANCORP \DE\ 0.04% of their portfolio MINNEAPOLIS, MN 362,136362.1k $34.2m $34.2m 0.04% Reduced -17.4k -17,423
22 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 360,425360.4k $34.1m $34.1m 0.05% Reduced -13.1k -13,099
23 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 359,939359.9k $34.0m $34.0m 0.01% Added +19.1k +19,050
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 349,531349.5k $33.1m $33.1m 0.02% Added +23.5k +23,534
25 CIBC WORLD MARKET INC. 0.05% of their portfolio TORONTO, A6 327,767327.8k $31.0m $31.0m 0.05% Added +81.3k +81,333
26 CONNABLE OFFICE INC 2.86% of their portfolio KALAMAZOO, MI 307,253307.3k $29.1m $29.1m 2.86% Added +7.7k +7,696
27 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 300,815300.8k $28.4m $28.4m 0.02% Reduced -190.7k -190,692
28 FUKOKU MUTUAL LIFE INSURANCE Co 1.50% of their portfolio TOKYO, M0 243,000243.0k $23.0m $23.0m 1.50% Unchanged
29 Pathstone Holdings, LLC 0.09% of their portfolio ENGLEWOOD, NJ 233,799233.8k $22.1m $22.1m 0.09% Reduced -2.9k -2,921
30 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 206,361206.4k $19.5m $19.5m 0.01% Added +151.7k +151,722
31 Global Endowment Management, LP 2.15% of their portfolio CHARLOTTE, NC 204,000204.0k $19.3m $19.3m 2.15% Added +45.1k +45,060
32 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 202,426202.4k $19.1m $19.1m 0.01% Reduced -1.7k -1,677
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 186,033186.0k $17.6m $17.6m 0.00% Reduced -15.2k -15,154
34 Sand Hill Global Advisors, LLC 0.59% of their portfolio Palo Alto, CA 185,028185.0k $17.5m $17.5m 0.59% Added +1.2k +1,227
35 Passaic Partners LLC 2.10% of their portfolio NEWARK, NJ 183,304183.3k $17.3m $17.3m 2.10% New
36 Walleye Capital LLC 0.10% of their portfolio NEW YORK, NY 180,000180.0k $17.0m $17.0m 0.10% Added +169.6k +169,556
37 Magnus Financial Group LLC 1.35% of their portfolio NEW YORK, NY 175,501175.5k $16.6m $16.6m 1.35% Added +9.6k +9,550
38 Financial Advisory Corp 1.97% of their portfolio Grand Rapids, MI 150,315150.3k $14.2m $14.2m 1.97% Added +3.0k +2,960
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 136,630136.6k $12.9m $12.9m 0.00% Added +13.4k +13,421
40 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.24% of their portfolio TOKYO, M0 126,057126.1k $11.9m $11.9m 0.24% Reduced -1.1k -1,094
41 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 120,362120.4k $11.4m $11.4m 0.01% Reduced -2.0k -2,018
42 Mariner, LLC 0.01% of their portfolio Overland Park, KS 113,052113.1k $10.7m $10.7m 0.01% Added +609 +609
43 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 112,868112.9k $10.7m $10.7m 0.02% Added +24.1k +24,086
44 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 103,438103.4k $9.8m $9.8m 0.00% Reduced -8.6k -8,625
45 Maven Securities LTD 0.88% of their portfolio ST HELIER, Y9 102,668102.7k $9.7m $9.7m 0.88% Added +22.8k +22,797
46 DDFG, Inc 2.02% of their portfolio THOUSAND OAKS, CA 99,02599.0k $9.4m $9.4m 2.02% Added +6.5k +6,504
47 UNIQUE WEALTH, LLC 1.20% of their portfolio TAMPA, FL 91,53791.5k $8.7m $8.7m 1.20% Added +5.4k +5,397
48 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 90,68090.7k $8.6m $8.6m 0.02% Reduced -31.9k -31,934
49 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 81,81381.8k $7.7m $7.7m 0.01% Added +24.2k +24,249
50 PGIM Custom Harvest LLC 0.12% of their portfolio NEWARK, NJ 80,69980.7k $7.6m $7.6m 0.12% Added +9.5k +9,515
51 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 79,46179.5k $7.5m $7.5m 0.01% Added +30.1k +30,136
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 70,99971.0k $6.7m $6.7m 0.01% Reduced -99.1k -99,073
53 Jefferies Financial Group Inc. 0.08% of their portfolio NEW YORK, NY 69,99570.0k $6.6m $6.6m 0.08% New
54 Virtu Financial LLC 0.27% of their portfolio New York, NY 68,21768.2k $6.5m $6.5m 0.27% New
55 Walleye Trading LLC 0.13% of their portfolio NEW YORK, NY 66,60966.6k $6.3m $6.3m 0.13% New
56 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 66,21166.2k $6.3m $6.3m 0.01% Reduced -368.1k -368,133
57 Omega Financial Group, LLC 1.98% of their portfolio Santa Barbara, CA 63,58763.6k $6.0m $6.0m 1.98% Reduced -2.5k -2,485
58 GTS SECURITIES LLC 0.21% of their portfolio NEW YORK, NY 63,33663.3k $6.0m $6.0m 0.21% Added +41.6k +41,572
59 SCS Capital Management LLC 0.06% of their portfolio BOSTON, MA 63,24463.2k $6.0m $6.0m 0.06% Unchanged
60 COURIER CAPITAL LLC 0.32% of their portfolio BUFFALO, NY 60,77560.8k $5.7m $5.7m 0.32% Added +3.1k +3,079
61 CONSOLIDATED CAPITAL MANAGEMENT, LLC 1.82% of their portfolio BURBANK, CA 59,56559.6k $5.6m $5.6m 1.82% Added +7.8k +7,768
62 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 57,90757.9k $5.5m $5.5m 0.01% Added +4.6k +4,604
63 Rakuten Investment Management, Inc. 0.01% of their portfolio TOKYO, M0 55,07255.1k $5.3m $5.3m 0.01% Added +27.5k +27,536
64 CarsonAllaria Wealth Management, Ltd. 2.53% of their portfolio GLEN CARBON, IL 54,10454.1k $5.1m $5.1m 2.53% Added +1.0k +1,039
65 ARKANSAS FINANCIAL GROUP, INC. 0.73% of their portfolio LITTLE ROCK, AR 53,06353.1k $5.2m $5.2m 0.73% Reduced -468 -468
66 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 51,86151.9k $4.9m $4.9m 0.01% Added +44.1k +44,141
67 MISSION WEALTH MANAGEMENT, LP 0.10% of their portfolio Santa Barbara, CA 51,31551.3k $4.9m $4.9m 0.10% Reduced -3.3k -3,307
68 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 50,04150.0k $4.7m $4.7m 0.01% Added +833 +833
69 Allie Family Office LLC 2.07% of their portfolio MIAMI, FL 49,87349.9k $4.7m $4.7m 2.07% Reduced -626 -626
70 MYDA Advisors LLC 1.07% of their portfolio WOODMERE, NY 48,00048.0k $4.5m $4.5m 1.07% New
71 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 47,57647.6k $4.5m $4.5m 0.00% Added +7.8k +7,771
72 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 45,96046.0k $4.3m $4.3m 0.01% New
73 REBALANCE, LLC 0.25% of their portfolio PALO ALTO, CA 45,93545.9k $4.3m $4.3m 0.25% Added +497 +497
74 Modern Wealth Management, LLC 0.07% of their portfolio KANSAS CITY, MO 45,04145.0k $4.3m $4.3m 0.07% Added +3.7k +3,720
75 J. Goldman & Co LP 0.19% of their portfolio NEW YORK, NY 44,29744.3k $4.2m $4.2m 0.19% Reduced -2.0k -2,045
76 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 43,21043.2k $4.1m $4.1m 0.01% Added +37.6k +37,639
77 Rodgers & Associates, LTD 0.40% of their portfolio Lancaster, PA 41,13441.1k $3.9m $3.9m 0.40% Added +1.1k +1,139
78 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 40,95041.0k $3.9m $3.9m 0.01% Reduced -9.1k -9,064
79 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 40,15840.2k $3.8m $3.8m 0.01% Reduced -199 -199
80 Stamos Capital Partners, L.P. 0.57% of their portfolio Menlo Park, CA 38,30038.3k $3.6m $3.6m 0.57% Added +5.5k +5,489
81 Pictet North America Advisors SA 0.35% of their portfolio GENEVA 73, V8 37,43437.4k $3.5m $3.5m 0.35% Unchanged
82 FORTE ASSET MANAGEMENT LLC 1.49% of their portfolio BEDFORD, NY 36,00836.0k $3.4m $3.4m 1.49% Added +1.9k +1,867
83 SHEETS SMITH WEALTH MANAGEMENT 0.38% of their portfolio WINSTON-SALEM, NC 36,00036.0k $3.4m $3.4m 0.38% Unchanged
84 Allegheny Financial Group 0.45% of their portfolio Pittsburgh, PA 35,67735.7k $3.4m $3.4m 0.45% Added +964 +964
85 Whitegate Investment Counselors, Inc. 1.05% of their portfolio CONCORD, NH 34,94034.9k $3.3m $3.3m 1.05% Reduced -96 -96
86 Checchi Capital Advisers, LLC 0.23% of their portfolio BEVERLY HILLS, CA 34,84334.8k $3.3m $3.3m 0.23% Reduced -2.1k -2,089
87 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 34,60134.6k $3.3m $3.3m 0.04% Reduced -341 -341
88 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 34,58334.6k $3.2m $3.2m 0.00% Reduced -41.6k -41,595
89 Fairway Wealth LLC 0.86% of their portfolio INDEPENDENCE, OH 34,52734.5k $3.3m $3.3m 0.86% Added +11 +11
90 SAGE RHINO CAPITAL LLC 0.56% of their portfolio MENLO PARK, CA 31,70631.7k $3.0m $3.0m 0.56% Added +6.2k +6,171
91 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 31,49331.5k $3.0m $3.0m 0.02% Added +2.5k +2,533
92 TCM Advisors, LLC 2.44% of their portfolio MARTINSBURG, WV 31,29331.3k $3.0m $3.0m 2.44% Added +700 +700
93 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.02% of their portfolio Madrid, U3 30,90930.9k $2.9m $2.9m 0.02% Added +10.7k +10,670
94 AXXCESS WEALTH MANAGEMENT, LLC 0.09% of their portfolio CARLSBAD, CA 30,09130.1k $2.8m $2.8m 0.09% Reduced -418 -418
95 JFS WEALTH ADVISORS, LLC 0.15% of their portfolio HERMITAGE, PA 29,07929.1k $2.7m $2.7m 0.15% Reduced -150 -150
96 JMAC ENTERPRISES LLC 0.52% of their portfolio NEWTOWN, PA 28,47528.5k $2.7m $2.7m 0.52% Added +113 +113
97 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 27,72327.7k $2.6m $2.6m 0.01% Added +2.7k +2,675
98 SBI Securities Co., Ltd. 0.07% of their portfolio TOKYO, M0 27,49827.5k $2.6m $2.6m 0.07% Reduced -542 -542
99 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 27,27827.3k $2.6m $2.6m 0.01% Added +6.8k +6,839
100 Measured Wealth Private Client Group, LLC 0.70% of their portfolio PORTSMOUTH, NH 27,17127.2k $2.6m $2.6m 0.70% Reduced -730 -730