Vault-13

ISHARES TR IJS

SP SMCP600VL ETF · ETP · CUSIP 464287879

853 institutional holders +13 vs Q4 2025
40,077,68940.1m shares reported held*
$4.7bnreported value*
72 new 237 added 294 reduced 52 sold out net bought ≈ $632.8m (+5.4m 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 ($25.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $118.18. Options: 3 managers hold calls ($1.8m notional), 1 hold puts ($272.4k).

Trends to Q1 2026

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: 840Q1 26: 853853Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026853

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 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 25Q4 25: 272 bought or addedQ4 25: 337 cut or sold outQ1 26: 309 bought or addedQ1 26: 346 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024248358
Q3 2024301304
Q4 2024325300
Q1 2025298353
Q2 2025270379
Q3 2025287340
Q4 2025272337
Q1 2026309346

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ2 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 0.12Q1 26 calls: $1.8mQ1 26 puts: $272.4kQ1 26P/C 0.15
Numbers
QuarterCallsPutsP/C
Q2 2025$2.9m$3.8m1.32
Q3 2025$2.8m$1.6m0.58
Q4 2025$3.0m$352.5k0.12
Q1 2026$1.8m$272.4k0.15

Biggest buyers

True Freedom Investing, LLC New +1,940,467+1.9m
USA FINANCIAL FORMULAS New +927,820+927.8k
Modern Wealth Management, LLC Added +408,412+408.4k
FMR LLC Added +309,552+309.6k
Sharp Wealth Advisory, LLC New +272,120+272.1k
ENVESTNET ASSET MANAGEMENT INC Added +220,567+220.6k
WELLS FARGO & COMPANY/MN Added +173,373+173.4k
AMERIPRISE FINANCIAL INC Added +136,605+136.6k
CoreCap Advisors, LLC Added +132,532+132.5k
OSAIC HOLDINGS, INC. Added +119,919+119.9k

Biggest sellers

GW HENSSLER & ASSOCIATES LTD Reduced -128,653-128.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -123,283-123.3k
BANK OF AMERICA CORP /DE/ Reduced -93,761-93.8k
Corient Private Wealth LP Reduced -87,567-87.6k
Polianta Ltd Sold out -78,300-78.3k
Janney Montgomery Scott LLC Sold out -48,761-48.8k
TWO SIGMA INVESTMENTS, LP Reduced -47,400-47.4k
Asset Dedication, LLC Reduced -35,735-35.7k
BROWN ADVISORY INC Reduced -31,105-31.1k
PHILLIPS FINANCIAL MANAGEMENT, LLC Reduced -30,160-30.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m8.5k shares
CITADEL ADVISORS LLC Reduced $556.7k4.7k shares
JANE STREET GROUP, LLC Reduced $201.4k1.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $272.4k2.3k 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 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,210,2403.2m $380.3m $380.3m 0.02% Added +109.3k +109,315
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,148,9883.1m $373.0m $373.0m 0.03% Reduced -93.8k -93,761
3 True Freedom Investing, LLC 17.63% of their portfolio COEUR D'ALENE, ID 1,940,4671.9m $229.8m $229.8m 17.63% New
4 FMR LLC 0.01% of their portfolio BOSTON, MA 1,632,2591.6m $193.3m $193.3m 0.01% Added +309.6k +309,552
5 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,432,8021.4m $169.7m $169.7m 0.03% Added +173.4k +173,373
6 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,092,9441.1m $129.5m $129.5m 0.02% Added +39.2k +39,193
7 USA FINANCIAL FORMULAS 20.72% of their portfolio ADA, MI 927,820927.8k $109.9m $109.9m 20.72% New
8 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 869,840869.8k $103.0m $103.0m 0.03% Reduced -26.2k -26,188
9 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 846,373846.4k $100.3m $100.3m 0.02% Added +136.6k +136,605
10 Prime Capital Investment Advisors, LLC 1.06% of their portfolio OVERLAND PARK, KS 775,003775.0k $91.8m $91.8m 1.06% Reduced -9.7k -9,677
11 Modera Wealth Management, LLC 1.01% of their portfolio WESTWOOD, NJ 711,589711.6k $84.3m $84.3m 1.01% Reduced -27.6k -27,566
12 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 589,535589.5k $69.8m $69.8m 0.02% Added +220.6k +220,567
13 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 554,609554.6k $65.7m $65.7m 0.04% Reduced -3.1k -3,058
14 M&T Bank Corp 0.22% of their portfolio BUFFALO, NY 551,477551.5k $65.3m $65.3m 0.22% Reduced -2.3k -2,291
15 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 550,910550.9k $65.3m $65.3m 0.01% Added +33.4k +33,430
16 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 503,966504.0k $59.7m $59.7m 0.06% Added +1.9k +1,869
17 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 473,681473.7k $56.1m $56.1m 0.08% Reduced -18.5k -18,469
18 Modern Wealth Management, LLC 0.84% of their portfolio KANSAS CITY, MO 411,838411.8k $48.9m $48.9m 0.84% Added +408.4k +408,412
19 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 399,861399.9k $47.4m $47.4m 0.01% Added +85.2k +85,165
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 375,660375.7k $44.5m $44.5m 0.03% Reduced -6.6k -6,563
21 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 374,664374.7k $43.7m $43.7m 0.02% Added +37.9k +37,935
22 REGIONS FINANCIAL CORP 0.28% of their portfolio BIRMINGHAM, AL 367,261367.3k $43.5m $43.5m 0.28% Reduced -15.3k -15,338
23 World Investment Advisors 0.65% of their portfolio LINCROFT, NJ 342,789342.8k $40.6m $40.6m 0.65% Added +42.2k +42,188
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 327,688327.7k $38.0m $38.0m 0.00% Added +7.7k +7,746
25 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 302,770302.8k $35.9m $35.9m 0.03% Reduced -3.0k -2,953
26 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 300,334300.3k $35.6m $35.6m 0.04% Added +5.6k +5,583
27 Palisades Hudson Asset Management, L.P. 13.00% of their portfolio FORT LAUDERDALE, FL 281,640281.6k $33.4m $33.4m 13.00% Reduced -2.5k -2,517
28 EXENCIAL WEALTH ADVISORS, LLC 1.03% of their portfolio OKLAHOMA CITY, OK 279,650279.6k $33.1m $33.1m 1.03% Reduced -3.3k -3,264
29 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 277,235277.2k $32.9m $32.9m 0.05% Added +119.9k +119,919
30 Sharp Wealth Advisory, LLC 15.92% of their portfolio HORSHAM, PA 272,120272.1k $32.2m $32.2m 15.92% New
31 BAILARD, INC. 0.73% of their portfolio Foster City, CA 269,055269.1k $31.9m $31.9m 0.73% Reduced -1.8k -1,785
32 Mariner, LLC 0.04% of their portfolio Overland Park, KS 255,162255.2k $30.2m $30.2m 0.04% Added +35.9k +35,927
33 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 253,249253.2k $30.0m $30.0m 0.01% Reduced -1.1k -1,095
34 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 251,891251.9k $29.8m $29.8m 0.05% Reduced -1.4k -1,353
35 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 250,385250.4k $29.7m $29.7m 0.03% Added +22.5k +22,513
36 Heartwood Wealth Advisors LLC 2.46% of their portfolio RICHMOND, VA 237,895237.9k $28.2m $28.2m 2.46% Added +12.7k +12,684
37 AlphaCore Capital LLC 0.65% of their portfolio LA JOLLA, CA 231,885231.9k $27.5m $27.5m 0.65% Reduced -11.4k -11,423
38 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 197,334197.3k $23.4m $23.4m 0.04% Reduced -1.8k -1,828
39 GHP Investment Advisors, Inc. 0.96% of their portfolio Denver, CO 197,058197.1k $23.3m $23.3m 0.96% Reduced -207 -207
40 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 196,117196.1k $23.2m $23.2m 0.03% Added +1.7k +1,655
41 Vestmark Advisory Solutions, Inc. 0.25% of their portfolio Wakefield, MA 189,997190.0k $22.5m $22.5m 0.25% Added +15.1k +15,130
42 MAI Capital Management 0.12% of their portfolio INDEPENDENCE, OH 184,883184.9k $21.9m $21.9m 0.12% Reduced -50 -50
43 KESTRA PRIVATE WEALTH SERVICES, LLC 0.26% of their portfolio AUSTIN, TX 176,811176.8k $20.9m $20.9m 0.26% Added +7.2k +7,154
44 MONETA GROUP INVESTMENT ADVISORS LLC 0.16% of their portfolio ST LOUIS, MO 174,677174.7k $20.7m $20.7m 0.16% Added +9.4k +9,410
45 Probity Advisors, Inc. 3.22% of their portfolio DALLAS, TX 171,374171.4k $20.3m $20.3m 3.22% Reduced -1.8k -1,766
46 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 168,133168.1k $19.9m $19.9m 0.01% Added +15.7k +15,740
47 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.12% of their portfolio IRVING, TX 166,774166.8k $19.8m $19.8m 0.12% Reduced -12.5k -12,502
48 BROWN ADVISORY INC 0.03% of their portfolio BALTIMORE, MD 152,151152.2k $18.0m $18.0m 0.03% Reduced -31.1k -31,105
49 Savant Capital, LLC 0.08% of their portfolio ROCKFORD, IL 143,902143.9k $17.0m $17.0m 0.08% Reduced -5.4k -5,394
50 FIFTH THIRD BANCORP 0.03% of their portfolio CINCINNATI, OH 143,255143.3k $17.0m $17.0m 0.03% Added +89.2k +89,160
51 KEYBANK NATIONAL ASSOCIATION/OH 0.06% of their portfolio BROOKLYN, OH 139,869139.9k $16.6m $16.6m 0.06% Reduced -1.3k -1,264
52 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 138,278138.3k $16.4m $16.4m 0.04% Added +56.0k +56,000
53 Ellis Investment Partners, LLC 2.83% of their portfolio Berwyn, PA 137,472137.5k $16.3m $16.3m 2.83% Reduced -4.4k -4,412
54 CoreCap Advisors, LLC 0.54% of their portfolio SOUTHFIELD, MI 132,859132.9k $15.7m $15.7m 0.54% Added +132.5k +132,532
55 Waverly Advisors, LLC 0.11% of their portfolio BIRMINGHAM, AL 128,124128.1k $15.2m $15.2m 0.11% Added +2.5k +2,473
56 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 127,605127.6k $15.1m $15.1m 0.00% Reduced -733 -733
57 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 123,487123.5k $14.6m $14.6m 0.02% Reduced -25.1k -25,084
58 Coastal Bridge Advisors, LLC 0.99% of their portfolio WESTPORT, CT 117,833117.8k $14.0m $14.0m 0.99% Added +11.6k +11,566
59 Financial Advisors Network, Inc. 1.92% of their portfolio TUSTIN, CA 117,453117.5k $13.9m $13.9m 1.92% Reduced -9.6k -9,593
60 Royal Fund Management, LLC 1.29% of their portfolio Lady Lake, FL 113,743113.7k $13.5m $13.5m 1.29% New
61 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 110,432110.4k $13.1m $13.1m 0.02% Added +20.9k +20,942
62 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 110,145110.1k $7.4m $7.4m 0.02% Reduced -123.3k -123,283
63 Wealth Architects, LLC 1.16% of their portfolio MOUNTAIN VIEW, CA 110,103110.1k $13.0m $13.0m 1.16% Reduced -233 -233
64 INDEPENDENT FINANCIAL GROUP, LLC 0.29% of their portfolio SAN DIEGO, CA 108,686108.7k $12.9m $12.9m 0.29% Added +79.3k +79,265
65 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 108,067108.1k $12.8m $12.8m 0.05% Added +6.5k +6,539
66 Pinnacle Financial Partners, Inc. 0.09% of their portfolio ATLANTA, GA 104,318104.3k $12.4m $12.4m 0.09% Added +851 +851
67 CENTAURUS FINANCIAL, INC. 0.57% of their portfolio ANAHEIM, CA 101,813101.8k $12.1m $12.1m 0.57% New
68 Farther Finance Advisors, LLC 0.11% of their portfolio SAN FRANCISCO, CA 99,33599.3k $11.8m $11.8m 0.11% Added +37.3k +37,300
69 Merit Financial Group, LLC 0.08% of their portfolio ALPHARETTA, GA 96,17396.2k $11.4m $11.4m 0.08% New
70 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 95,29595.3k $11.3m $11.3m 0.02% Reduced -13.1k -13,097
71 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 93,21693.2k $11.0m $11.0m 0.02% Reduced -87.6k -87,567
72 LAKE STREET PRIVATE WEALTH, LLC 1.28% of their portfolio CHICAGO, IL 85,09085.1k $10.1m $10.1m 1.28% Reduced -15.9k -15,883
73 Asset Management Group, Inc. 1.62% of their portfolio STAMFORD, CT 84,40684.4k $10.0m $10.0m 1.62% Reduced -3.4k -3,449
74 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.72% of their portfolio FORT WAYNE, IN 83,70583.7k $9.9m $9.9m 0.72% Reduced -30.2k -30,160
75 HOME FEDERAL BANK OF TENNESSEE 2.47% of their portfolio KNOXVILLE, TN 83,51083.5k $9.9m $9.9m 2.47% Reduced -1.8k -1,824
76 GLENMEDE TRUST CO NA 0.05% of their portfolio PHILADELPHIA, PA 83,19483.2k $9.9m $9.9m 0.05% Reduced -37 -37
77 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 82,91982.9k $9.8m $9.8m 0.02% Added +167 +167
78 One Capital Management, LLC 0.27% of their portfolio WESTLAKE VILLAGE, CA 82,50982.5k $9.8m $9.8m 0.27% Reduced -13.4k -13,415
79 Prospera Financial Services Inc 0.16% of their portfolio Dallas, TX 81,99382.0k $9.7m $9.7m 0.16% Added +1.9k +1,879
80 RTD Financial Advisors, Inc. 1.19% of their portfolio Philadelphia, PA 81,89881.9k $9.7m $9.7m 1.19% Reduced -6.6k -6,608
81 Marin Bay Wealth Advisors, LLC 0.74% of their portfolio SAN ANSELMO, CA 81,76981.8k $1.2m $1.2m 0.74% New
82 Cordatus Wealth Management LLC 2.26% of their portfolio NEWTOWN, PA 80,11080.1k $9.5m $9.5m 2.26% Added +1.9k +1,886
83 Cassaday & Co Wealth Management LLC 0.20% of their portfolio MCLEAN, VA 78,56578.6k $9.3m $9.3m 0.20% Reduced -627 -627
84 Evanson Asset Management, LLC 0.50% of their portfolio CARMEL, CA 77,89877.9k $9.2m $9.2m 0.50% Added +27 +27
85 Arkadios Wealth Advisors 0.15% of their portfolio ATLANTA, GA 77,21677.2k $9.1m $9.1m 0.15% Reduced -1.6k -1,581
86 Sterling Financial Planning, Inc. 2.69% of their portfolio SPARTA, NJ 76,70776.7k $9.1m $9.1m 2.69% Reduced -2.4k -2,359
87 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 76,54376.5k $9.1m $9.1m 0.01% Added +68.7k +68,694
88 Stratos Wealth Partners, LTD. 0.10% of their portfolio BEACHWOOD, OH 76,42576.4k $9.1m $9.1m 0.10% Added +68.3k +68,260
89 Summit Financial, LLC 0.12% of their portfolio PARSIPPANY, NJ 76,30376.3k $9.0m $9.0m 0.12% Added +2.5k +2,480
90 Integrated Wealth Concepts LLC 0.07% of their portfolio WALTHAM, MA 75,59075.6k $9.0m $9.0m 0.07% Added +2.2k +2,188
91 BOKF, NA 0.13% of their portfolio TULSA, OK 72,89172.9k $8.6m $8.6m 0.13% Reduced -768 -768
92 JFS WEALTH ADVISORS, LLC 0.48% of their portfolio HERMITAGE, PA 72,33772.3k $8.6m $8.6m 0.48% Reduced -4.4k -4,429
93 Capital Advisors, Ltd. LLC 0.96% of their portfolio SHAKER HEIGHTS, OH 71,34271.3k $8.5m $8.5m 0.96% Reduced -142 -142
94 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 69,96270.0k $8.3m $8.3m 0.04% Reduced -1.0k -1,046
95 Occidental Asset Management, LLC 0.98% of their portfolio Burlingame, CA 69,65369.7k $8.3m $8.3m 0.98% Added +7.1k +7,118
96 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 69,32469.3k $8.2m $8.2m 0.03% Added +7.3k +7,301
97 Clear Creek Financial Management, LLC 0.63% of their portfolio SILVERDALE, WA 69,27069.3k $8.2m $8.2m 0.63% New
98 CASTLEKEEP INVESTMENT ADVISORS LLC 4.38% of their portfolio WESTPORT, CT 68,23168.2k $8.1m $8.1m 4.38% Added +12.6k +12,646
99 PEAPACK GLADSTONE FINANCIAL CORP 0.10% of their portfolio BEDMINSTER, NJ 67,66467.7k $8.0m $8.0m 0.10% Added +3.8k +3,834
100 Councilor Wealth, LLC 3.88% of their portfolio BETHESDA, MD 67,42967.4k $8.0m $8.0m 3.88% Reduced -2.7k -2,726