Vault-13

ISHARES TR IJS

SP SMCP600VL ETF · ETP · CUSIP 464287879

797 institutional holders +11 vs Q2 2025
35,775,92935.8m shares reported held*
$4.0bnreported value*
63 new 224 added 291 reduced 49 sold out net sold ≈ $51.4m (-463.4k 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 ($26.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $110.70. Options: 4 managers hold calls ($2.8m notional), 2 hold puts ($1.6m).

Trends to Q3 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: 786Q3 25: 797797Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025797

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 313 bought or addedQ4 23: 301 cut or sold outQ1 24: 261 bought or addedQ1 24: 391 cut or sold outQ1 24Q2 24: 248 bought or addedQ2 24: 358 cut or sold outQ3 24: 301 bought or addedQ3 24: 304 cut or sold outQ3 24Q4 24: 325 bought or addedQ4 24: 300 cut or sold outQ1 25: 298 bought or addedQ1 25: 353 cut or sold outQ1 25Q2 25: 270 bought or addedQ2 25: 379 cut or sold outQ3 25: 287 bought or addedQ3 25: 340 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023313301
Q1 2024261391
Q2 2024248358
Q3 2024301304
Q4 2024325300
Q1 2025298353
Q2 2025270379
Q3 2025287340

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ4 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 1.32Q3 25 calls: $2.8mQ3 25 puts: $1.6mQ3 25P/C 0.58
Numbers
QuarterCallsPutsP/C
Q4 2024$2.3m$813.8k0.36
Q1 2025$1.5m$848.1k0.56
Q2 2025$2.9m$3.8m1.32
Q3 2025$2.8m$1.6m0.58

Biggest buyers

World Investment Advisors Added +354,776+354.8k
JPMORGAN CHASE & CO Added +256,266+256.3k
Vestmark Advisory Solutions, Inc. New +209,044+209.0k
Cetera Investment Advisers Added +131,391+131.4k
BNP PARIBAS FINANCIAL MARKETS Added +119,451+119.5k
UBS Group AG Added +80,921+80.9k
Cordatus Wealth Management LLC New +78,406+78.4k
Polianta Ltd New +72,600+72.6k
Prospera Financial Services Inc Added +70,930+70.9k
KESTRA PRIVATE WEALTH SERVICES, LLC Added +56,980+57.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -579,156-579.2k
Arax Advisory Partners Sold out -225,907-225.9k
MORGAN STANLEY Reduced -222,261-222.3k
Rockefeller Capital Management L.P. Reduced -189,371-189.4k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -127,566-127.6k
Redwood Investment Management, LLC Sold out -102,728-102.7k
GOLDMAN SACHS GROUP INC Reduced -85,756-85.8k
REGIONS FINANCIAL CORP Reduced -82,473-82.5k
Compound Planning, Inc. Reduced -58,734-58.7k
CITADEL ADVISORS LLC Reduced -45,358-45.4k

Biggest calls

CITADEL ADVISORS LLC Added $1.3m11.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $818.4k7.4k shares
Cubist Systematic Strategies, LLC Reduced $475.5k4.3k shares
JANE STREET GROUP, LLC New $221.2k2.0k shares

Biggest puts

Cubist Systematic Strategies, LLC Reduced $1.3m11.4k shares
CITADEL ADVISORS LLC Added $387.1k3.5k 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 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,342,2693.3m $369.6m $369.6m 0.02% Reduced -222.3k -222,261
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,285,5643.3m $363.4m $363.4m 0.03% Added +21.1k +21,122
3 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,302,1441.3m $144.0m $144.0m 0.03% Reduced -21.1k -21,119
4 FMR LLC 0.01% of their portfolio BOSTON, MA 1,131,3481.1m $125.1m $125.1m 0.01% Reduced -19.7k -19,689
5 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,121,2021.1m $124.0m $124.0m 0.02% Added +80.9k +80,921
6 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 896,296896.3k $99.1m $99.1m 0.03% Reduced -33.4k -33,438
7 Prime Capital Investment Advisors, LLC 1.16% of their portfolio OVERLAND PARK, KS 833,295833.3k $92.2m $92.2m 1.16% Reduced -21.9k -21,932
8 Modera Wealth Management, LLC 1.06% of their portfolio WESTWOOD, NJ 829,674829.7k $91.8m $91.8m 1.06% Reduced -20.2k -20,201
9 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 713,490713.5k $79.1m $79.1m 0.02% Added +40.9k +40,917
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 611,982612.0k $67.7m $67.7m 0.00% Added +256.3k +256,266
11 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 599,325599.3k $66.3m $66.3m 0.02% Reduced -8.2k -8,248
12 M&T Bank Corp 0.22% of their portfolio BUFFALO, NY 586,651586.7k $64.9m $64.9m 0.22% Reduced -8.5k -8,474
13 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 569,168569.2k $62.9m $62.9m 0.04% Reduced -21.7k -21,707
14 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 526,799526.8k $58.3m $58.3m 0.08% Reduced -127.6k -127,566
15 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 484,480484.5k $53.6m $53.6m 0.01% Reduced -579.2k -579,156
16 REGIONS FINANCIAL CORP 0.15% of their portfolio BIRMINGHAM, AL 412,175412.2k $45.6m $45.6m 0.15% Reduced -82.5k -82,473
17 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 388,201388.2k $42.9m $42.9m 0.05% Added +16.3k +16,285
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 380,488380.5k $42.1m $42.1m 0.03% Added +2.1k +2,067
19 World Investment Advisors 0.82% of their portfolio LINCROFT, NJ 362,321362.3k $40.1m $40.1m 0.82% Added +354.8k +354,776
20 GW HENSSLER & ASSOCIATES LTD 1.93% of their portfolio KENNESAW, GA 348,628348.6k $38.6m $38.6m 1.93% Added +5.8k +5,790
21 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 336,127336.1k $37.2m $37.2m 0.01% Reduced -3.2k -3,165
22 One Capital Management, LLC 1.16% of their portfolio WESTLAKE VILLAGE, CA 328,958329.0k $36.4m $36.4m 1.16% Reduced -1.6k -1,615
23 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 325,609325.6k $35.9m $35.9m 0.02% Added +15.2k +15,151
24 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 310,111310.1k $34.3m $34.3m 0.03% Reduced -15.1k -15,068
25 Palisades Hudson Asset Management, L.P. 12.24% of their portfolio FORT LAUDERDALE, FL 305,007305.0k $33.7m $33.7m 12.24% Added +4.1k +4,146
26 EXENCIAL WEALTH ADVISORS, LLC 1.03% of their portfolio OKLAHOMA CITY, OK 286,304286.3k $31.7m $31.7m 1.03% Reduced -3.9k -3,914
27 BAILARD, INC. 0.66% of their portfolio Foster City, CA 273,214273.2k $30.2m $30.2m 0.66% Reduced -3.2k -3,201
28 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 260,401260.4k $28.8m $28.8m 0.05% Reduced -2.1k -2,138
29 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 255,439255.4k $28.2m $28.2m 0.01% Reduced -8.7k -8,685
30 SPC Financial, Inc. 2.14% of their portfolio ROCKVILLE, MD 248,201248.2k $27.4m $27.4m 2.14% Reduced -42 -42
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 241,149241.1k $26.6m $26.6m 0.04% Reduced -32.6k -32,555
32 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 227,909227.9k $25.2m $25.2m 0.03% Added +131.4k +131,391
33 Heartwood Wealth Advisors LLC 2.30% of their portfolio RICHMOND, VA 222,655222.7k $24.6m $24.6m 2.30% Added +6.1k +6,067
34 Mariner, LLC 0.03% of their portfolio Overland Park, KS 220,497220.5k $24.4m $24.4m 0.03% Reduced -5.2k -5,189
35 Vestmark Advisory Solutions, Inc. 0.44% of their portfolio Wakefield, MA 209,044209.0k $23.1m $23.1m 0.44% New
36 GHP Investment Advisors, Inc. 0.92% of their portfolio Denver, CO 197,897197.9k $21.9m $21.9m 0.92% Reduced -1.6k -1,613
37 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 195,884195.9k $21.7m $21.7m 0.04% Added +1.5k +1,517
38 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.15% of their portfolio IRVING, TX 193,136193.1k $21.4m $21.4m 0.15% Reduced -5.5k -5,542
39 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 189,669189.7k $21.0m $21.0m 0.04% Reduced -189.4k -189,371
40 MAI Capital Management 0.13% of their portfolio INDEPENDENCE, OH 185,805185.8k $20.5m $20.5m 0.13% Added +4.8k +4,830
41 Probity Advisors, Inc. 3.15% of their portfolio DALLAS, TX 175,558175.6k $19.4m $19.4m 3.15% Added +2.8k +2,791
42 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 169,741169.7k $18.7m $18.7m 0.03% Added +3.8k +3,795
43 MONETA GROUP INVESTMENT ADVISORS LLC 0.15% of their portfolio ST LOUIS, MO 166,427166.4k $18.4m $18.4m 0.15% Added +7.3k +7,294
44 KESTRA PRIVATE WEALTH SERVICES, LLC 0.23% of their portfolio AUSTIN, TX 162,180162.2k $17.9m $17.9m 0.23% Added +57.0k +56,980
45 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 156,870156.9k $17.3m $17.3m 0.02% Reduced -1.5k -1,533
46 Savant Capital, LLC 0.11% of their portfolio ROCKFORD, IL 156,724156.7k $17.3m $17.3m 0.11% Added +12.4k +12,421
47 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 150,222150.2k $16.6m $16.6m 0.01% Reduced -1.3k -1,347
48 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 150,180150.2k $16.6m $16.6m 0.03% Added +8.8k +8,807
49 KEYBANK NATIONAL ASSOCIATION/OH 0.06% of their portfolio BROOKLYN, OH 143,495143.5k $15.9m $15.9m 0.06% Reduced -2.9k -2,879
50 Ellis Investment Partners, LLC 2.85% of their portfolio Berwyn, PA 142,882142.9k $15.8m $15.8m 2.85% Reduced -4.4k -4,412
51 NorthCoast Asset Management LLC 0.06% of their portfolio STAMFORD, CT 142,815142.8k $15.8m $15.8m 0.06% Added +6.3k +6,271
52 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 135,449135.4k $15.0m $15.0m 0.00% Reduced -85.8k -85,756
53 Waverly Advisors, LLC 0.14% of their portfolio BIRMINGHAM, AL 130,836130.8k $14.5m $14.5m 0.14% Reduced -9.1k -9,080
54 Financial Advisors Network, Inc. 2.00% of their portfolio TUSTIN, CA 127,420127.4k $14.1m $14.1m 2.00% Added +205 +205
55 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.90% of their portfolio FORT WAYNE, IN 122,940122.9k $13.6m $13.6m 0.90% Reduced -6.3k -6,317
56 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 122,291122.3k $13.5m $13.5m 0.01% Added +119.5k +119,451
57 Wealth Architects, LLC 1.16% of their portfolio MOUNTAIN VIEW, CA 110,762110.8k $12.2m $12.2m 1.16% Reduced -1.8k -1,778
58 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 102,067102.1k $11.3m $11.3m 0.02% Added +1.3k +1,291
59 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 102,055102.1k $11.3m $11.3m 0.01% Reduced -6.5k -6,493
60 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 97,36397.4k $10.8m $10.8m 0.04% Added +3.9k +3,905
61 RTD Financial Advisors, Inc. 1.25% of their portfolio Philadelphia, PA 94,09094.1k $10.4m $10.4m 1.25% Added +5.2k +5,217
62 LAKE STREET PRIVATE WEALTH, LLC 1.31% of their portfolio CHICAGO, IL 91,57191.6k $10.1m $10.1m 1.31% Added +2.2k +2,212
63 Pinnacle Financial Partners Inc 0.24% of their portfolio Nashville, TN 90,35790.4k $10.0m $10.0m 0.24% Added +2.6k +2,593
64 COMERICA BANK 0.04% of their portfolio DALLAS, TX 89,55489.6k $9.9m $9.9m 0.04% Reduced -2.3k -2,322
65 BOKF, NA 0.15% of their portfolio TULSA, OK 89,43089.4k $9.9m $9.9m 0.15% Added +2.2k +2,162
66 Asset Management Group, Inc. 1.59% of their portfolio STAMFORD, CT 88,09788.1k $9.7m $9.7m 1.59% Reduced -36 -36
67 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 86,37486.4k $9.6m $9.6m 0.02% Reduced -25.6k -25,649
68 HOME FEDERAL BANK OF TENNESSEE 2.52% of their portfolio KNOXVILLE, TN 85,05985.1k $9.4m $9.4m 2.52% Added +681 +681
69 JFS WEALTH ADVISORS, LLC 0.54% of their portfolio HERMITAGE, PA 83,63483.6k $9.2m $9.2m 0.54% Added +2.2k +2,231
70 Coastal Bridge Advisors, LLC 0.69% of their portfolio WESTPORT, CT 82,76182.8k $9.2m $9.2m 0.69% Added +825 +825
71 Glenmede Investment Management, LP 0.04% of their portfolio PHILADELPHIA, PA 81,47481.5k $9.0m $9.0m 0.04% Added +803 +803
72 Prospera Financial Services Inc 0.15% of their portfolio Dallas, TX 80,66680.7k $8.9m $8.9m 0.15% Added +70.9k +70,930
73 Asset Dedication, LLC 0.59% of their portfolio SAN FRANCISCO, CA 79,52679.5k $8.8m $8.8m 0.59% Reduced -334 -334
74 Cassaday & Co Wealth Management LLC 0.20% of their portfolio MCLEAN, VA 79,36379.4k $8.8m $8.8m 0.20% Reduced -68 -68
75 Sterling Financial Planning, Inc. 2.76% of their portfolio SPARTA, NJ 79,24379.2k $8.8m $8.8m 2.76% Reduced -1.4k -1,404
76 Evanson Asset Management, LLC 0.49% of their portfolio CARMEL, CA 78,82178.8k $8.7m $8.7m 0.49% Added +1.4k +1,429
77 Cordatus Wealth Management LLC 2.04% of their portfolio NEWTOWN, PA 78,40678.4k $8.7m $8.7m 2.04% New
78 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 78,11178.1k $8.6m $8.6m 0.02% Reduced -3.1k -3,084
79 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 74,95775.0k $8.3m $8.3m 0.01% Added +17.6k +17,639
80 Integrated Wealth Concepts LLC 0.07% of their portfolio WALTHAM, MA 74,49074.5k $8.2m $8.2m 0.07% Added +1.7k +1,688
81 Councilor Wealth, LLC 3.76% of their portfolio BETHESDA, MD 73,38073.4k $8.1m $8.1m 3.76% Reduced -3.2k -3,233
82 Polianta Ltd 3.31% of their portfolio ST HELIER, Y9 72,60072.6k $8.0m $8.0m 3.31% New
83 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 72,17772.2k $8.0m $8.0m 0.05% Reduced -539 -539
84 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 72,11672.1k $8.0m $8.0m 0.02% Reduced -31.4k -31,394
85 Capital Advisors, Ltd. LLC 0.90% of their portfolio SHAKER HEIGHTS, OH 72,07272.1k $8.0m $8.0m 0.90% Reduced -14 -14
86 One Day In July LLC 0.67% of their portfolio BURLINGTON, VT 71,55771.6k $7.9m $7.9m 0.67% Reduced -310 -310
87 Financial Engines Advisors L.L.C. 0.01% of their portfolio SANTA CLARA, CA 69,79369.8k $7.7m $7.7m 0.01% Reduced -2.7k -2,718
88 Empowered Funds, LLC 0.08% of their portfolio NEWTOWN SQUARE, PA 69,76869.8k $7.7m $7.7m 0.08% Added +8.4k +8,374
89 Summit Financial, LLC 0.12% of their portfolio PARSIPPANY, NJ 68,23968.2k $7.5m $7.5m 0.12% Added +47.0k +46,976
90 Chicago Partners Investment Group LLC 0.20% of their portfolio CHICAGO, IL 66,80466.8k $7.5m $7.5m 0.20% Reduced -418 -418
91 Ifrah Financial Services, Inc. 1.91% of their portfolio Little Rock, AR 66,76266.8k $7.4m $7.4m 1.91% Added +262 +262
92 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 64,31664.3k $7.1m $7.1m 0.01% Reduced -2.9k -2,858
93 NorthCrest Asset Manangement, LLC 0.17% of their portfolio PLYMOUTH, MN 64,27464.3k $7.1m $7.1m 0.17% Added +1.1k +1,096
94 ROVIN CAPITAL /UT/ /ADV 1.00% of their portfolio MESA, AZ 63,79463.8k $6.9m $6.9m 1.00% Added +47.9k +47,873
95 Allworth Financial LP 0.03% of their portfolio FOLSOM, CA 61,78061.8k $6.8m $6.8m 0.03% Reduced -1.1k -1,147
96 Occidental Asset Management, LLC 0.86% of their portfolio Burlingame, CA 61,69261.7k $6.8m $6.8m 0.86% Added +886 +886
97 SAX WEALTH ADVISORS, LLC 0.37% of their portfolio PARSIPPANY, NJ 61,61461.6k $6.8m $6.8m 0.37% Reduced -3.5k -3,506
98 FORTRESS FINANCIAL GROUP, LLC 5.14% of their portfolio ROCHESTER, MN 60,64660.6k $6.7m $6.7m 5.14% Added +3.0k +3,010
99 PEAPACK GLADSTONE FINANCIAL CORP 0.08% of their portfolio BEDMINSTER, NJ 57,78157.8k $6.4m $6.4m 0.08% Added +2.1k +2,127
100 FIFTH THIRD BANCORP 0.02% of their portfolio CINCINNATI, OH 57,64957.6k $6.4m $6.4m 0.02% Reduced -1.7k -1,660