Vault-13

ISHARES TR IJS

SP SMCP600VL ETF · ETP · CUSIP 464287879

840 institutional holders +43 vs Q3 2025
34,848,94134.8m shares reported held*
$4.0bnreported value*
45 new 227 added 297 reduced 40 sold out net sold ≈ $111.3m (-978.2k 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 ($22.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $113.92. Options: 3 managers hold calls ($3.0m notional), 1 hold puts ($352.5k).

Trends to Q4 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: 797Q4 25: 840840Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025840

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 287 bought or addedQ3 25: 340 cut or sold outQ4 25: 272 bought or addedQ4 25: 337 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024261391
Q2 2024248358
Q3 2024301304
Q4 2024325300
Q1 2025298353
Q2 2025270379
Q3 2025287340
Q4 2025272337

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 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 0.58Q4 25 calls: $3.0mQ4 25 puts: $352.5kQ4 25P/C 0.12
Numbers
QuarterCallsPutsP/C
Q1 2025$1.5m$848.1k0.56
Q2 2025$2.9m$3.8m1.32
Q3 2025$2.8m$1.6m0.58
Q4 2025$3.0m$352.5k0.12

Biggest buyers

AlphaCore Capital LLC Added +242,975+243.0k
FMR LLC Added +191,359+191.4k
Focus Partners Wealth Added +144,571+144.6k
HighTower Advisors, LLC Added +113,896+113.9k
Corient Private Wealth LP Added +105,826+105.8k
BROWN ADVISORY INC Added +81,201+81.2k
Beacon Pointe Advisors, LLC Added +73,059+73.1k
Ausdal Financial Partners, Inc. Added +54,719+54.7k
TWO SIGMA INVESTMENTS, LP Added +54,600+54.6k
Arkadios Wealth Advisors Added +50,234+50.2k

Biggest sellers

JPMORGAN CHASE & CO Reduced -292,040-292.0k
MORGAN STANLEY Reduced -241,344-241.3k
One Capital Management, LLC Reduced -233,034-233.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -230,357-230.4k
GW HENSSLER & ASSOCIATES LTD Reduced -215,857-215.9k
NorthCoast Asset Management LLC Sold out -142,815-142.8k
BNP PARIBAS FINANCIAL MARKETS Reduced -119,938-119.9k
Modera Wealth Management, LLC Reduced -90,519-90.5k
Empowered Funds, LLC Sold out -69,768-69.8k
UBS Group AG Reduced -67,451-67.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.8m15.5k shares
CITADEL ADVISORS LLC Reduced $1.1m9.3k shares
JANE STREET GROUP, LLC Reduced $216.1k1.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $352.5k3.1k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,242,7493.2m $368.8m $368.8m 0.03% Reduced -42.8k -42,815
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,100,9253.1m $352.6m $352.6m 0.02% Reduced -241.3k -241,344
3 FMR LLC 0.01% of their portfolio BOSTON, MA 1,322,7071.3m $150.4m $150.4m 0.01% Added +191.4k +191,359
4 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,259,4291.3m $143.2m $143.2m 0.03% Reduced -42.7k -42,715
5 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,053,7511.1m $119.8m $119.8m 0.02% Reduced -67.5k -67,451
6 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 896,028896.0k $101.9m $101.9m 0.03% Reduced -268 -268
7 Prime Capital Investment Advisors, LLC 1.09% of their portfolio OVERLAND PARK, KS 784,680784.7k $89.2m $89.2m 1.09% Reduced -48.6k -48,615
8 Modera Wealth Management, LLC 0.97% of their portfolio WESTWOOD, NJ 739,155739.2k $84.1m $84.1m 0.97% Reduced -90.5k -90,519
9 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 709,768709.8k $80.7m $80.7m 0.02% Reduced -3.7k -3,722
10 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 557,667557.7k $63.4m $63.4m 0.03% Reduced -11.5k -11,501
11 M&T Bank Corp 0.20% of their portfolio BUFFALO, NY 553,768553.8k $63.0m $63.0m 0.20% Reduced -32.9k -32,883
12 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 517,480517.5k $58.8m $58.8m 0.01% Added +33.0k +33,000
13 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 502,097502.1k $57.1m $57.1m 0.06% Added +113.9k +113,896
14 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 492,150492.1k $56.0m $56.0m 0.07% Reduced -34.6k -34,649
15 REGIONS FINANCIAL CORP 0.28% of their portfolio BIRMINGHAM, AL 382,599382.6k $43.5m $43.5m 0.28% Reduced -29.6k -29,576
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 382,223382.2k $43.5m $43.5m 0.03% Added +1.7k +1,735
17 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 368,968369.0k $42.0m $42.0m 0.01% Reduced -230.4k -230,357
18 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 336,729336.7k $38.3m $38.3m 0.02% Added +11.1k +11,120
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 319,942319.9k $36.4m $36.4m 0.00% Reduced -292.0k -292,040
20 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 314,696314.7k $35.8m $35.8m 0.01% Reduced -21.4k -21,431
21 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 305,723305.7k $34.8m $34.8m 0.03% Reduced -4.4k -4,388
22 World Investment Advisors 0.56% of their portfolio LINCROFT, NJ 300,601300.6k $34.2m $34.2m 0.56% Reduced -61.7k -61,720
23 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 294,751294.8k $33.5m $33.5m 0.04% Added +144.6k +144,571
24 Palisades Hudson Asset Management, L.P. 12.53% of their portfolio FORT LAUDERDALE, FL 284,157284.2k $32.3m $32.3m 12.53% Reduced -20.9k -20,850
25 EXENCIAL WEALTH ADVISORS, LLC 1.02% of their portfolio OKLAHOMA CITY, OK 282,914282.9k $32.2m $32.2m 1.02% Reduced -3.4k -3,390
26 BAILARD, INC. 0.68% of their portfolio Foster City, CA 270,840270.8k $30.8m $30.8m 0.68% Reduced -2.4k -2,374
27 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 254,344254.3k $28.9m $28.9m 0.01% Reduced -1.1k -1,095
28 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 253,244253.2k $28.8m $28.8m 0.04% Reduced -7.2k -7,157
29 AlphaCore Capital LLC 0.62% of their portfolio LA JOLLA, CA 243,308243.3k $27.7m $27.7m 0.62% Added +243.0k +242,975
30 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 233,428233.4k $27.7m $27.7m 0.04% Reduced -7.7k -7,721
31 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 227,872227.9k $25.9m $25.9m 0.03% Reduced -37 -37
32 Heartwood Wealth Advisors LLC 2.36% of their portfolio RICHMOND, VA 225,211225.2k $25.6m $25.6m 2.36% Added +2.6k +2,556
33 Mariner, LLC 0.03% of their portfolio Overland Park, KS 219,235219.2k $24.9m $24.9m 0.03% Reduced -1.3k -1,262
34 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 199,162199.2k $22.6m $22.6m 0.04% Added +9.5k +9,493
35 GHP Investment Advisors, Inc. 0.92% of their portfolio Denver, CO 197,265197.3k $22.4m $22.4m 0.92% Reduced -632 -632
36 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 194,462194.5k $22.1m $22.1m 0.03% Reduced -1.4k -1,422
37 MAI Capital Management 0.12% of their portfolio INDEPENDENCE, OH 184,933184.9k $21.0m $21.0m 0.12% Reduced -872 -872
38 BROWN ADVISORY INC 0.03% of their portfolio BALTIMORE, MD 183,256183.3k $20.8m $20.8m 0.03% Added +81.2k +81,201
39 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 180,783180.8k $20.6m $20.6m 0.01% Added +105.8k +105,826
40 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.12% of their portfolio IRVING, TX 179,276179.3k $20.4m $20.4m 0.12% Reduced -13.9k -13,860
41 Vestmark Advisory Solutions, Inc. 0.27% of their portfolio Wakefield, MA 174,867174.9k $19.9m $19.9m 0.27% Reduced -34.2k -34,177
42 Probity Advisors, Inc. 3.15% of their portfolio DALLAS, TX 173,140173.1k $19.7m $19.7m 3.15% Reduced -2.4k -2,418
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.24% of their portfolio AUSTIN, TX 169,657169.7k $19.3m $19.3m 0.24% Added +7.5k +7,477
44 MONETA GROUP INVESTMENT ADVISORS LLC 0.14% of their portfolio ST LOUIS, MO 165,267165.3k $18.8m $18.8m 0.14% Reduced -1.2k -1,160
45 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 157,316157.3k $17.9m $17.9m 0.03% Reduced -12.4k -12,425
46 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 152,393152.4k $17.3m $17.3m 0.01% Added +2.2k +2,171
47 Savant Capital, LLC 0.10% of their portfolio ROCKFORD, IL 149,296149.3k $17.0m $17.0m 0.10% Reduced -7.4k -7,428
48 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 148,571148.6k $16.9m $16.9m 0.02% Reduced -8.3k -8,299
49 Ellis Investment Partners, LLC 2.81% of their portfolio Berwyn, PA 141,884141.9k $16.1m $16.1m 2.81% Reduced -998 -998
50 KEYBANK NATIONAL ASSOCIATION/OH 0.06% of their portfolio BROOKLYN, OH 141,133141.1k $16.0m $16.0m 0.06% Reduced -2.4k -2,362
51 GW HENSSLER & ASSOCIATES LTD 0.73% of their portfolio KENNESAW, GA 132,771132.8k $15.1m $15.1m 0.73% Reduced -215.9k -215,857
52 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 128,338128.3k $14.6m $14.6m 0.00% Reduced -7.1k -7,111
53 Financial Advisors Network, Inc. 1.98% of their portfolio TUSTIN, CA 127,046127.0k $14.4m $14.4m 1.98% Reduced -374 -374
54 Waverly Advisors, LLC 0.12% of their portfolio BIRMINGHAM, AL 125,651125.7k $14.3m $14.3m 0.12% Reduced -5.2k -5,185
55 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.83% of their portfolio FORT WAYNE, IN 113,865113.9k $12.9m $12.9m 0.83% Reduced -9.1k -9,075
56 Wealth Architects, LLC 1.13% of their portfolio MOUNTAIN VIEW, CA 110,336110.3k $12.5m $12.5m 1.13% Reduced -426 -426
57 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 108,392108.4k $12.3m $12.3m 0.02% Added +6.3k +6,325
58 Coastal Bridge Advisors, LLC 0.90% of their portfolio WESTPORT, CT 106,267106.3k $12.1m $12.1m 0.90% Added +23.5k +23,506
59 Pinnacle Financial Partners, Inc. 0.09% of their portfolio ATLANTA, GA 103,467103.5k $11.8m $11.8m 0.09% First filing
60 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 101,528101.5k $11.2m $11.2m 0.04% Added +4.2k +4,165
61 LAKE STREET PRIVATE WEALTH, LLC 1.40% of their portfolio CHICAGO, IL 100,973101.0k $11.5m $11.5m 1.40% Added +9.4k +9,402
62 One Capital Management, LLC 0.33% of their portfolio WESTLAKE VILLAGE, CA 95,92495.9k $10.9m $10.9m 0.33% Reduced -233.0k -233,034
63 COMERICA BANK 0.04% of their portfolio DALLAS, TX 95,51295.5k $10.9m $10.9m 0.04% Added +6.0k +5,958
64 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 89,49089.5k $10.2m $10.2m 0.02% Added +3.1k +3,116
65 RTD Financial Advisors, Inc. 1.23% of their portfolio Philadelphia, PA 88,50688.5k $10.1m $10.1m 1.23% Reduced -5.6k -5,584
66 Asset Management Group, Inc. 1.62% of their portfolio STAMFORD, CT 87,85587.9k $10.0m $10.0m 1.62% Reduced -242 -242
67 HOME FEDERAL BANK OF TENNESSEE 2.52% of their portfolio KNOXVILLE, TN 85,33485.3k $9.7m $9.7m 2.52% Added +275 +275
68 GLENMEDE TRUST CO NA 0.04% of their portfolio PHILADELPHIA, PA 83,23183.2k $9.5m $9.5m 0.04% First filing
69 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 82,75282.8k $9.4m $9.4m 0.02% Added +4.6k +4,641
70 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 82,27882.3k $9.4m $9.4m 0.02% Added +10.2k +10,162
71 Prospera Financial Services Inc 0.15% of their portfolio Dallas, TX 80,11480.1k $9.1m $9.1m 0.15% Reduced -552 -552
72 Cassaday & Co Wealth Management LLC 0.19% of their portfolio MCLEAN, VA 79,19279.2k $9.0m $9.0m 0.19% Reduced -171 -171
73 Sterling Financial Planning, Inc. 2.71% of their portfolio SPARTA, NJ 79,06679.1k $9.0m $9.0m 2.71% Reduced -177 -177
74 Arkadios Wealth Advisors 0.18% of their portfolio ATLANTA, GA 78,79778.8k $9.0m $9.0m 0.18% Added +50.2k +50,234
75 Polianta Ltd 1.17% of their portfolio ST HELIER, Y9 78,30078.3k $8.9m $8.9m 1.17% Added +5.7k +5,700
76 Beacon Pointe Advisors, LLC 0.06% of their portfolio NEWPORT BEACH, CA 78,28378.3k $8.9m $8.9m 0.06% Added +73.1k +73,059
77 Cordatus Wealth Management LLC 2.06% of their portfolio NEWTOWN, PA 78,22478.2k $8.9m $8.9m 2.06% Reduced -182 -182
78 Evanson Asset Management, LLC 0.48% of their portfolio CARMEL, CA 77,87177.9k $8.9m $8.9m 0.48% Reduced -950 -950
79 Asset Dedication, LLC 0.58% of their portfolio SAN FRANCISCO, CA 77,42477.4k $8.8m $8.8m 0.58% Reduced -2.1k -2,102
80 JFS WEALTH ADVISORS, LLC 0.49% of their portfolio HERMITAGE, PA 76,76676.8k $8.7m $8.7m 0.49% Reduced -6.9k -6,868
81 Summit Financial, LLC 0.12% of their portfolio PARSIPPANY, NJ 73,82373.8k $8.4m $8.4m 0.12% Added +5.6k +5,584
82 BOKF, NA 0.13% of their portfolio TULSA, OK 73,65973.7k $8.4m $8.4m 0.13% Reduced -15.8k -15,771
83 Integrated Wealth Concepts LLC 0.10% of their portfolio WALTHAM, MA 73,40273.4k $8.3m $8.3m 0.10% Reduced -1.1k -1,088
84 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 73,10073.1k $8.3m $8.3m 0.01% Added +54.6k +54,600
85 Capital Advisors, Ltd. LLC 0.92% of their portfolio SHAKER HEIGHTS, OH 71,48471.5k $8.1m $8.1m 0.92% Reduced -588 -588
86 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 71,00871.0k $8.1m $8.1m 0.04% Reduced -1.2k -1,169
87 Councilor Wealth, LLC 3.77% of their portfolio BETHESDA, MD 70,15570.2k $8.0m $8.0m 3.77% Reduced -3.2k -3,225
88 One Day In July LLC 0.65% of their portfolio BURLINGTON, VT 69,90769.9k $7.9m $7.9m 0.65% Reduced -1.6k -1,650
89 Chicago Partners Investment Group LLC 0.20% of their portfolio CHICAGO, IL 66,88966.9k $8.1m $8.1m 0.20% Added +85 +85
90 Ifrah Financial Services, Inc. 1.94% of their portfolio Little Rock, AR 66,40666.4k $7.6m $7.6m 1.94% Reduced -356 -356
91 PEAPACK GLADSTONE FINANCIAL CORP 0.09% of their portfolio BEDMINSTER, NJ 63,83063.8k $7.3m $7.3m 0.09% Added +6.0k +6,049
92 Financial Engines Advisors L.L.C. 0.01% of their portfolio SANTA CLARA, CA 63,19963.2k $7.2m $7.2m 0.01% Reduced -6.6k -6,594
93 FORTRESS FINANCIAL GROUP, LLC 5.27% of their portfolio ROCHESTER, MN 62,80062.8k $7.1m $7.1m 5.27% Added +2.2k +2,154
94 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 62,56062.6k $7.1m $7.1m 0.01% Reduced -1.8k -1,756
95 Occidental Asset Management, LLC 0.85% of their portfolio Burlingame, CA 62,53562.5k $7.1m $7.1m 0.85% Added +843 +843
96 Farther Finance Advisors, LLC 0.08% of their portfolio SAN FRANCISCO, CA 62,03562.0k $7.1m $7.1m 0.08% Added +8.3k +8,318
97 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 62,02362.0k $7.1m $7.1m 0.03% Added +5.7k +5,693
98 NorthCrest Asset Manangement, LLC 0.16% of their portfolio PLYMOUTH, MN 61,99762.0k $7.2m $7.2m 0.16% Reduced -2.3k -2,277
99 SAX WEALTH ADVISORS, LLC 0.33% of their portfolio PARSIPPANY, NJ 60,93060.9k $6.9m $6.9m 0.33% Reduced -684 -684
100 Concurrent Investment Advisors, LLC 0.08% of their portfolio Tampa, FL 60,73060.7k $6.9m $6.9m 0.08% Added +24.1k +24,140