Vault-13

ISHARES TR IJS

SP SMCP600VL ETF · ETP · CUSIP 464287879

786 institutional holders -19 vs Q1 2025
36,840,56936.8m shares reported held*
$3.7bnreported value*
40 new 230 added 313 reduced 66 sold out net sold ≈ $296.8m (-3.0m 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 ($2.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $99.70. Options: 3 managers hold calls ($2.9m notional), 2 hold puts ($3.8m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 701Q4 22: 730Q1 23: 729Q2 23: 737Q3 23: 718Q4 23: 802Q1 24: 759Q2 24: 740Q3 24: 781Q4 24: 826Q1 25: 805Q2 25: 786786Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022701
Q4 2022730
Q1 2023729
Q2 2023737
Q3 2023718
Q4 2023802
Q1 2024759
Q2 2024740
Q3 2024781
Q4 2024826
Q1 2025805
Q2 2025786

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 227 bought or addedQ3 23: 342 cut or sold outQ4 23: 313 bought or addedQ4 23: 301 cut or sold outQ4 23Q1 24: 261 bought or addedQ1 24: 391 cut or sold outQ2 24: 248 bought or addedQ2 24: 358 cut or sold outQ2 24Q3 24: 301 bought or addedQ3 24: 304 cut or sold outQ4 24: 325 bought or addedQ4 24: 300 cut or sold outQ4 24Q1 25: 298 bought or addedQ1 25: 353 cut or sold outQ2 25: 270 bought or addedQ2 25: 379 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023227342
Q4 2023313301
Q1 2024261391
Q2 2024248358
Q3 2024301304
Q4 2024325300
Q1 2025298353
Q2 2025270379

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 24 calls: $1.9mQ3 24 puts: $1.2mQ3 24P/C 0.65Q4 24 calls: $2.3mQ4 24 puts: $813.8kQ4 24P/C 0.36Q1 25 calls: $1.5mQ1 25 puts: $848.1kQ1 25P/C 0.56Q2 25 calls: $2.9mQ2 25 puts: $3.8mQ2 25P/C 1.32
Numbers
QuarterCallsPutsP/C
Q3 2024$1.9m$1.2m0.65
Q4 2024$2.3m$813.8k0.36
Q1 2025$1.5m$848.1k0.56
Q2 2025$2.9m$3.8m1.32

Biggest buyers

ROYAL BANK OF CANADA Added +604,313+604.3k
Arax Advisory Partners Added +225,841+225.8k
Rockefeller Capital Management L.P. Added +161,044+161.0k
Modera Wealth Management, LLC Added +139,194+139.2k
MORGAN STANLEY Added +106,641+106.6k
Redwood Investment Management, LLC New +102,728+102.7k
BROWN ADVISORY INC Added +94,719+94.7k
Coastal Bridge Advisors, LLC New +81,936+81.9k
LPL Financial LLC Added +64,617+64.6k
Empowered Funds, LLC New +61,394+61.4k

Biggest sellers

FMR LLC Reduced -1,162,089-1.2m
REGIONS FINANCIAL CORP Reduced -978,049-978.0k
AMERIPRISE FINANCIAL INC Reduced -249,589-249.6k
World Investment Advisors Reduced -185,965-186.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -148,317-148.3k
Michelson Medical Research Foundation, Inc. Sold out -129,990-130.0k
Camarda Financial Advisors, LLC Sold out -114,721-114.7k
TWO SIGMA INVESTMENTS, LP Sold out -94,100-94.1k
Cetera Investment Advisers Reduced -82,606-82.6k
Ascension Capital Advisors, Inc. Sold out -78,215-78.2k

Biggest calls

Cubist Systematic Strategies, LLC New $1.6m16.1k shares
CITADEL ADVISORS LLC Unchanged $676.5k6.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $616.8k6.2k shares

Biggest puts

Cubist Systematic Strategies, LLC New $3.6m35.7k shares
CITADEL ADVISORS LLC Reduced $258.7k2.6k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,564,5303.6m $354.6m $354.6m 0.02% Added +106.6k +106,641
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,264,4423.3m $324.8m $324.8m 0.03% Added +41.2k +41,249
3 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,323,2631.3m $131.7m $131.7m 0.03% Reduced -61.8k -61,760
4 FMR LLC 0.01% of their portfolio BOSTON, MA 1,151,0371.2m $114.5m $114.5m 0.01% Reduced -1.2m -1,162,089
5 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,063,6361.1m $105.8m $105.8m 0.01% Added +604.3k +604,313
6 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,040,2811.0m $103.5m $103.5m 0.02% Reduced -48.6k -48,628
7 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 929,734929.7k $92.5m $92.5m 0.03% Added +64.6k +64,617
8 Prime Capital Investment Advisors, LLC 1.13% of their portfolio OVERLAND PARK, KS 855,227855.2k $85.1m $85.1m 1.13% Reduced -30.7k -30,731
9 Modera Wealth Management, LLC 1.05% of their portfolio WESTWOOD, NJ 849,875849.9k $84.6m $84.6m 1.05% Added +139.2k +139,194
10 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 672,573672.6k $66.9m $66.9m 0.02% Reduced -249.6k -249,589
11 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 654,365654.4k $65.1m $65.1m 0.09% Reduced -33.5k -33,473
12 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 607,573607.6k $60.4m $60.4m 0.02% Reduced -24.2k -24,213
13 M&T Bank Corp 0.20% of their portfolio BUFFALO, NY 595,125595.1k $59.2m $59.2m 0.20% Reduced -56.9k -56,894
14 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 590,875590.9k $58.8m $58.8m 0.04% Reduced -65.1k -65,062
15 REGIONS FINANCIAL CORP 0.34% of their portfolio BIRMINGHAM, AL 494,648494.6k $49.2m $49.2m 0.34% Reduced -978.0k -978,049
16 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 379,040379.0k $37.7m $37.7m 0.04% Added +161.0k +161,044
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 378,421378.4k $37.6m $37.6m 0.03% Added +958 +958
18 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 371,916371.9k $37.0m $37.0m 0.05% Reduced -53.1k -53,068
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 355,716355.7k $35.4m $35.4m 0.00% Reduced -52.8k -52,847
20 GW HENSSLER & ASSOCIATES LTD 1.82% of their portfolio KENNESAW, GA 342,838342.8k $34.1m $34.1m 1.82% Added +9.1k +9,115
21 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 339,292339.3k $33.8m $33.8m 0.01% Reduced -77.6k -77,612
22 One Capital Management, LLC 1.14% of their portfolio WESTLAKE VILLAGE, CA 330,573330.6k $32.9m $32.9m 1.14% Reduced -58.8k -58,767
23 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 325,179325.2k $32.4m $32.4m 0.03% Reduced -2.3k -2,275
24 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 310,458310.5k $30.9m $30.9m 0.02% Added +31.4k +31,397
25 Palisades Hudson Asset Management, L.P. 11.71% of their portfolio FORT LAUDERDALE, FL 300,861300.9k $29.9m $29.9m 11.71% Added +19.3k +19,262
26 EXENCIAL WEALTH ADVISORS, LLC 1.02% of their portfolio OKLAHOMA CITY, OK 290,218290.2k $28.9m $28.9m 1.02% Reduced -5.5k -5,518
27 BAILARD, INC. 0.64% of their portfolio Foster City, CA 276,415276.4k $27.5m $27.5m 0.64% Reduced -11.5k -11,527
28 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 273,704273.7k $28.4m $28.4m 0.05% Reduced -148.3k -148,317
29 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 264,124264.1k $26.3m $26.3m 0.01% Reduced -26.1k -26,138
30 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 262,539262.5k $26.1m $26.1m 0.05% Reduced -42.9k -42,925
31 SPC Financial, Inc. 2.07% of their portfolio ROCKVILLE, MD 248,243248.2k $24.7m $24.7m 2.07% Added +5.3k +5,282
32 Arax Advisory Partners 1.03% of their portfolio NEW YORK, NY 225,907225.9k $22.5m $22.5m 1.03% Added +225.8k +225,841
33 Mariner, LLC 0.03% of their portfolio Overland Park, KS 225,686225.7k $22.5m $22.5m 0.03% Reduced -20.1k -20,117
34 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 221,205221.2k $22.0m $22.0m 0.00% Added +33.0k +33,024
35 Heartwood Wealth Advisors LLC 2.25% of their portfolio RICHMOND, VA 216,588216.6k $21.5m $21.5m 2.25% Added +2.5k +2,541
36 GHP Investment Advisors, Inc. 0.88% of their portfolio Denver, CO 199,510199.5k $19.8m $19.8m 0.88% Reduced -4.4k -4,408
37 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.16% of their portfolio IRVING, TX 198,678198.7k $19.8m $19.8m 0.16% Added +134 +134
38 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 194,367194.4k $19.3m $19.3m 0.03% Reduced -244 -244
39 MAI Capital Management 0.13% of their portfolio INDEPENDENCE, OH 180,975181.0k $18.0m $18.0m 0.13% Added +1.6k +1,626
40 Probity Advisors, Inc. 3.02% of their portfolio DALLAS, TX 172,767172.8k $17.2m $17.2m 3.02% Reduced -792 -792
41 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 165,946165.9k $16.5m $16.5m 0.03% Reduced -50.7k -50,746
42 MONETA GROUP INVESTMENT ADVISORS LLC 0.19% of their portfolio ST LOUIS, MO 159,133159.1k $15.8m $15.8m 0.19% Added +10.4k +10,437
43 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 158,403158.4k $15.8m $15.8m 0.02% Reduced -13.5k -13,510
44 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 151,569151.6k $15.1m $15.1m 0.01% Reduced -9.3k -9,339
45 AVANTAX ADVISORY SERVICES, INC. 0.08% of their portfolio DALLAS, TX 148,729148.7k $14.8m $14.8m 0.08% Added +51.3k +51,300
46 Ellis Investment Partners, LLC 2.85% of their portfolio Berwyn, PA 147,294147.3k $14.7m $14.7m 2.85% Reduced -1.1k -1,064
47 KEYBANK NATIONAL ASSOCIATION/OH 0.05% of their portfolio BROOKLYN, OH 146,374146.4k $14.6m $14.6m 0.05% Added +15.8k +15,806
48 Savant Capital, LLC 0.10% of their portfolio ROCKFORD, IL 144,303144.3k $14.4m $14.4m 0.10% Reduced -21.5k -21,476
49 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 141,373141.4k $14.1m $14.1m 0.03% Reduced -7.7k -7,731
50 Waverly Advisors, LLC 0.15% of their portfolio BIRMINGHAM, AL 139,916139.9k $13.9m $13.9m 0.15% Reduced -14.6k -14,638
51 NorthCoast Asset Management LLC 0.06% of their portfolio STAMFORD, CT 136,544136.5k $13.6m $13.6m 0.06% Reduced -62.0k -62,040
52 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.93% of their portfolio FORT WAYNE, IN 129,257129.3k $12.9m $12.9m 0.93% Reduced -2.2k -2,245
53 Financial Advisors Network, Inc. 1.91% of their portfolio TUSTIN, CA 127,215127.2k $12.7m $12.7m 1.91% Added +13.7k +13,651
54 Wealth Architects, LLC 1.14% of their portfolio MOUNTAIN VIEW, CA 112,540112.5k $11.2m $11.2m 1.14% Added +11.4k +11,427
55 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 112,023112.0k $11.2m $11.2m 0.03% Reduced -6.8k -6,764
56 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 108,548108.5k $10.8m $10.8m 0.01% Added +94.7k +94,719
57 KESTRA PRIVATE WEALTH SERVICES, LLC 0.15% of their portfolio AUSTIN, TX 105,200105.2k $10.5m $10.5m 0.15% Added +1.2k +1,190
58 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 103,510103.5k $10.3m $10.3m 0.03% Reduced -5.9k -5,885
59 Redwood Investment Management, LLC 1.08% of their portfolio SCOTTSDALE, AZ 102,728102.7k $10.2m $10.2m 1.08% New
60 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 100,776100.8k $10.0m $10.0m 0.02% Added +679 +679
61 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 96,51896.5k $9.6m $9.6m 0.02% Reduced -82.6k -82,606
62 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 93,45893.5k $9.3m $9.3m 0.05% Added +5.6k +5,610
63 COMERICA BANK 0.04% of their portfolio DALLAS, TX 91,87691.9k $9.1m $9.1m 0.04% Reduced -18.2k -18,230
64 LAKE STREET PRIVATE WEALTH, LLC 1.27% of their portfolio CHICAGO, IL 89,35989.4k $8.9m $8.9m 1.27% Added +737 +737
65 RTD Financial Advisors, Inc. 1.13% of their portfolio Philadelphia, PA 88,87388.9k $8.8m $8.8m 1.13% Reduced -1.7k -1,711
66 Asset Management Group, Inc. 1.53% of their portfolio STAMFORD, CT 88,13388.1k $8.8m $8.8m 1.53% Reduced -732 -732
67 Pinnacle Financial Partners Inc 0.18% of their portfolio Nashville, TN 87,76487.8k $8.7m $8.7m 0.18% Added +8.4k +8,435
68 BOKF, NA 0.14% of their portfolio TULSA, OK 87,26887.3k $8.7m $8.7m 0.14% Reduced -2.1k -2,144
69 HOME FEDERAL BANK OF TENNESSEE 2.38% of their portfolio KNOXVILLE, TN 84,37884.4k $8.4m $8.4m 2.38% Added +358 +358
70 Coastal Bridge Advisors, LLC 0.68% of their portfolio WESTPORT, CT 81,93681.9k $8.2m $8.2m 0.68% New
71 JFS WEALTH ADVISORS, LLC 0.52% of their portfolio HERMITAGE, PA 81,40381.4k $8.1m $8.1m 0.52% Reduced -3.4k -3,381
72 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 81,19581.2k $8.1m $8.1m 0.02% Reduced -9.6k -9,570
73 Glenmede Investment Management, LP 0.04% of their portfolio PHILADELPHIA, PA 80,67180.7k $8.0m $8.0m 0.04% First filing
74 Sterling Financial Planning, Inc. 2.68% of their portfolio SPARTA, NJ 80,64780.6k $8.0m $8.0m 2.68% Added +567 +567
75 Asset Dedication, LLC 0.58% of their portfolio SAN FRANCISCO, CA 79,86079.9k $7.9m $7.9m 0.58% Reduced -1.8k -1,803
76 Cassaday & Co Wealth Management LLC 0.20% of their portfolio MCLEAN, VA 79,43179.4k $7.9m $7.9m 0.20% Added +16.2k +16,226
77 Evanson Asset Management, LLC 0.48% of their portfolio CARMEL, CA 77,39277.4k $7.7m $7.7m 0.48% Reduced -535 -535
78 Councilor Wealth, LLC 3.56% of their portfolio BETHESDA, MD 76,61376.6k $7.6m $7.6m 3.56% Reduced -342 -342
79 Family Firm, Inc. 1.82% of their portfolio BETHESDA, MD 75,95476.0k $7.6m $7.6m 1.82% Added +2.7k +2,712
80 Integrated Wealth Concepts LLC 0.07% of their portfolio WALTHAM, MA 72,80272.8k $7.2m $7.2m 0.07% Added +11.1k +11,140
81 Steward Partners Investment Advisory, LLC 0.06% of their portfolio STAMFORD, CT 72,71672.7k $7.2m $7.2m 0.06% Added +276 +276
82 Financial Engines Advisors L.L.C. 0.01% of their portfolio SANTA CLARA, CA 72,51172.5k $7.2m $7.2m 0.01% Reduced -56.7k -56,694
83 Capital Advisors, Ltd. LLC 0.88% of their portfolio SHAKER HEIGHTS, OH 72,08672.1k $7.2m $7.2m 0.88% Reduced -1.1k -1,074
84 One Day In July LLC 0.65% of their portfolio BURLINGTON, VT 71,86771.9k $7.2m $7.2m 0.65% Reduced -10.4k -10,408
85 Compound Planning, Inc. 0.27% of their portfolio NEW YORK, NY 70,99071.0k $7.1m $7.1m 0.27% Added +6.7k +6,661
86 IFP Advisors, Inc 0.20% of their portfolio TAMPA, FL 70,13970.1k $7.0m $7.0m 0.20% Added +49.2k +49,160
87 Chicago Partners Investment Group LLC 0.20% of their portfolio CHICAGO, IL 67,22267.2k $7.1m $7.1m 0.20% Reduced -532 -532
88 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 67,17467.2k $6.7m $6.7m 0.01% Reduced -10.2k -10,189
89 Ifrah Financial Services, Inc. 1.81% of their portfolio Little Rock, AR 66,50066.5k $6.6m $6.6m 1.81% Added +1.6k +1,641
90 SAX WEALTH ADVISORS, LLC 0.39% of their portfolio PARSIPPANY, NJ 65,12065.1k $6.5m $6.5m 0.39% Reduced -13.9k -13,925
91 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 64,51864.5k $6.4m $6.4m 0.01% Added +22.3k +22,310
92 NorthCrest Asset Manangement, LLC 0.18% of their portfolio PLYMOUTH, MN 63,17863.2k $6.6m $6.6m 0.18% Added +592 +592
93 Allworth Financial LP 0.03% of their portfolio FOLSOM, CA 62,92762.9k $6.3m $6.3m 0.03% Reduced -2.1k -2,107
94 Empowered Funds, LLC 0.07% of their portfolio NEWTOWN SQUARE, PA 61,39461.4k $6.1m $6.1m 0.07% New
95 Occidental Asset Management, LLC 0.83% of their portfolio Burlingame, CA 60,80660.8k $6.0m $6.0m 0.83% Added +8.0k +7,979
96 FIFTH THIRD BANCORP 0.02% of their portfolio CINCINNATI, OH 59,30959.3k $5.9m $5.9m 0.02% Reduced -4.8k -4,785
97 FORTRESS FINANCIAL GROUP, LLC 4.86% of their portfolio ROCHESTER, MN 57,63657.6k $5.7m $5.7m 4.86% Added +18.8k +18,756
98 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 57,31857.3k $5.7m $5.7m 0.01% Added +540 +540
99 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 57,20957.2k $5.6m $5.6m 0.02% Added +4.0k +3,965
100 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 56,65956.7k $5.6m $5.6m 0.01% Added +11.5k +11,459