Vault-13

ISHARES TR ILCV

MORNINGSTAR VALU · ETP · CUSIP 464288109

169 institutional holders -5 vs Q1 2025
9,092,9019.1m shares reported held*
$758.7mreported value*
16 new 61 added 55 reduced 22 sold out net bought ≈ $15.2m (+182.7k 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. Holder counts are more reliable. Implied quarter-end price ≈ $83.43. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 95Q4 22: 106Q1 23: 107Q2 23: 105Q3 23: 113Q4 23: 119Q1 24: 120Q2 24: 125Q3 24: 127Q4 24: 145Q1 25: 174Q2 25: 169169Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202295
Q4 2022106
Q1 2023107
Q2 2023105
Q3 2023113
Q4 2023119
Q1 2024120
Q2 2024125
Q3 2024127
Q4 2024145
Q1 2025174
Q2 2025169

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 42 bought or addedQ3 23: 43 cut or sold outQ4 23: 47 bought or addedQ4 23: 47 cut or sold outQ4 23Q1 24: 36 bought or addedQ1 24: 46 cut or sold outQ2 24: 47 bought or addedQ2 24: 42 cut or sold outQ2 24Q3 24: 49 bought or addedQ3 24: 41 cut or sold outQ4 24: 66 bought or addedQ4 24: 37 cut or sold outQ4 24Q1 25: 101 bought or addedQ1 25: 40 cut or sold outQ2 25: 77 bought or addedQ2 25: 77 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234243
Q4 20234747
Q1 20243646
Q2 20244742
Q3 20244941
Q4 20246637
Q1 202510140
Q2 20257777

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $76.8kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$76.8k$00.00
Q2 2025$0$0—

Biggest buyers

ROYAL BANK OF CANADA Added +237,797+237.8k
GOLDMAN SACHS GROUP INC Added +82,145+82.1k
JPMORGAN CHASE & CO Added +51,901+51.9k
Janney Montgomery Scott LLC Added +26,841+26.8k
Equitable Holdings, Inc. Added +25,171+25.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +21,377+21.4k
BANK OF AMERICA CORP /DE/ Added +20,110+20.1k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +14,019+14.0k
Rockefeller Capital Management L.P. New +12,463+12.5k
WELLS FARGO & COMPANY/MN Added +12,301+12.3k

Biggest sellers

LPL Financial LLC Reduced -91,112-91.1k
ASSETMARK, INC Reduced -73,764-73.8k
MORGAN STANLEY Reduced -24,909-24.9k
Security Financial Services, INC. Reduced -22,919-22.9k
TRUIST FINANCIAL CORP Reduced -22,588-22.6k
WEALTH ALLIANCE, LLC Reduced -21,166-21.2k
One Wealth Advisors, LLC Reduced -20,144-20.1k
Quadrant Private Wealth Management, LLC Reduced -10,568-10.6k
Kelly Financial Services LLC Reduced -9,630-9.6k
Ascent Group, LLC Sold out -9,607-9.6k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

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 Equitable Holdings, Inc. 0.62% of their portfolio NEW YORK, NY 904,531904.5k $75.4m $75.4m 0.62% Added +25.2k +25,171
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 812,173812.2k $67.7m $67.7m 0.01% Added +20.1k +20,110
3 Steele Capital Management, Inc. 2.81% of their portfolio DUBUQUE, IA 702,675702.7k $58.6m $58.6m 2.81% Added +11.5k +11,531
4 Matrix Trust Co 9.30% of their portfolio DENVER, CO 700,341700.3k $58.4m $58.4m 9.30% Added +10.8k +10,783
5 UBS Group AG 0.01% of their portfolio ZURICH, V8 496,889496.9k $41.4m $41.4m 0.01% Reduced -4.5k -4,461
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 463,048463.0k $38.6m $38.6m 0.00% Added +237.8k +237,797
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 436,197436.2k $36.4m $36.4m 0.01% Reduced -91.1k -91,112
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 410,991411.0k $34.3m $34.3m 0.01% Added +8.0k +7,955
9 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 376,525376.5k $31.4m $31.4m 0.00% Reduced -24.9k -24,909
10 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 4.45% of their portfolio BERMUDA RUN, NC 290,457290.5k $24.2m $24.2m 4.45% Added +1.1k +1,109
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 280,679280.7k $23.4m $23.4m 0.00% Added +51.9k +51,901
12 SPC Financial, Inc. 1.72% of their portfolio ROCKVILLE, MD 246,737246.7k $20.6m $20.6m 1.72% Reduced -2.2k -2,206
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 203,897203.9k $17.0m $17.0m 0.00% Added +12.3k +12,301
14 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 141,788141.8k $11.8m $11.8m 0.02% Added +525 +525
15 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 140,745140.7k $11.7m $11.7m 0.02% Added +6.5k +6,532
16 Lauer Wealth, LLC 9.80% of their portfolio VALPARAISO, IN 137,844137.8k $11.7m $11.7m 9.80% Reduced -5.9k -5,879
17 AVANTAX ADVISORY SERVICES, INC. 0.06% of their portfolio DALLAS, TX 135,984136.0k $11.3m $11.3m 0.06% Added +2.8k +2,799
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 116,842116.8k $9.9m $9.9m 0.02% Reduced -1.9k -1,896
19 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 113,090113.1k $9.4m $9.4m 0.01% Added +14.0k +14,019
20 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 104,589104.6k $8.7m $8.7m 0.01% Reduced -6.7k -6,692
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 103,665103.7k $8.6m $8.6m 0.00% Added +82.1k +82,145
22 BARRETT & COMPANY, INC. 2.89% of their portfolio PROVIDENCE, RI 92,31792.3k $7.7m $7.7m 2.89% Reduced -780 -780
23 KILEY JUERGENS WEALTH MANAGEMENT, LLC 1.72% of their portfolio OLYMPIA, WA 89,18489.2k $7.4m $7.4m 1.72% Added +612 +612
24 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 88,53288.5k $7.4m $7.4m 0.02% Added +2.1k +2,061
25 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 79,69179.7k $6.6m $6.6m 0.02% Added +26.8k +26,841
26 NorthStar Asset Management LLC /NJ/ 2.86% of their portfolio BERKELEY HEIGHTS, NJ 64,95765.0k $5.4m $5.4m 2.86% Added +4.1k +4,120
27 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 59,73359.7k $5.0m $5.0m 0.01% Added +4.5k +4,478
28 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 59,04459.0k $4.9m $4.9m 0.01% Added +36 +36
29 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 59,01059.0k $4.9m $4.9m 0.00% Reduced -8.1k -8,140
30 Sheridan Capital Management, LLC 3.36% of their portfolio San Rafael, CA 58,44558.4k $4.9m $4.9m 3.36% Added +1.0k +1,000
31 Apex Wealth Management, LLC 3.38% of their portfolio BEDFORD, NH 50,50950.5k $4.2m $4.2m 3.38% Added +248 +248
32 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 39,87339.9k $3.3m $3.3m 0.02% Added +1.3k +1,343
33 JIM SAULNIER & ASSOCIATES, LLC 2.20% of their portfolio FORT COLLINS, CO 38,65538.7k $3.2m $3.2m 2.20% Reduced -2.6k -2,559
34 MATHER GROUP, LLC. 0.03% of their portfolio CHICAGO, IL 37,89137.9k $3.2m $3.2m 0.03% Reduced -45 -45
35 Mariner, LLC 0.00% of their portfolio Overland Park, KS 37,47537.5k $3.1m $3.1m 0.00% Added +608 +608
36 Madison Wealth Partners, Inc 0.62% of their portfolio MADISON, WI 34,26734.3k $2.9m $2.9m 0.62% Reduced -831 -831
37 Dentgroup LLC 1.80% of their portfolio BATON ROUGE, LA 31,05331.1k $2.6m $2.6m 1.80% Reduced -5.0k -5,018
38 Prime Capital Investment Advisors, LLC 0.03% of their portfolio OVERLAND PARK, KS 29,50429.5k $2.5m $2.5m 0.03% Reduced -8.4k -8,378
39 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 26,86926.9k $2.2m $2.2m 0.00% Reduced -437 -437
40 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 26,36926.4k $2.2m $2.2m 0.00% Reduced -208 -208
41 Savant Capital, LLC 0.02% of their portfolio ROCKFORD, IL 25,96126.0k $2.2m $2.2m 0.02% Added +19 +19
42 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 25,72925.7k $2.1m $2.1m 0.00% Reduced -22.6k -22,588
43 CWM, LLC 0.01% of their portfolio OMAHA, NE 23,38323.4k $1.9m $1.9m 0.01% Added +170 +170
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 21,37721.4k $1.8m $1.8m 0.00% New
45 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.86% of their portfolio Pittsburgh, PA 20,50020.5k $1.7m $1.7m 0.86% Unchanged
46 GenWealth Group, Inc. 0.30% of their portfolio Maplewood, NJ 17,99418.0k $1.5m $1.5m 0.30% Reduced -486 -486
47 FLAGSHIP HARBOR ADVISORS, LLC 0.07% of their portfolio BOSTON, MA 17,58617.6k $1.5m $1.5m 0.07% Reduced -976 -976
48 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 16,96717.0k $1.4m $1.4m 0.02% Added +6.7k +6,668
49 Caliber Wealth Management, LLC / KS 0.15% of their portfolio Overland Park, KS 16,48016.5k $1.4m $1.4m 0.15% Added +1 +1
50 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 15,78315.8k $1.3m $1.3m 0.01% Added +500 +500
51 Brand Asset Management Group, Inc. 0.47% of their portfolio CHESTERFIELD, MO 15,23315.2k $1.3m $1.3m 0.47% Added +605 +605
52 Ellis Investment Partners, LLC 0.25% of their portfolio Berwyn, PA 15,15315.2k $1.3m $1.3m 0.25% Reduced -78 -78
53 ANB BANK 0.54% of their portfolio DENVER, CO 14,54814.5k $1.2m $1.2m 0.54% Added +307 +307
54 Atria Wealth Solutions, Inc. 0.03% of their portfolio NEW YORK, NY 14,03614.0k $1.2m $1.2m 0.03% Added +961 +961
55 COMERICA BANK 0.00% of their portfolio DALLAS, TX 13,60413.6k $1.1m $1.1m 0.00% Reduced -343 -343
56 Full Sail Capital, LLC 0.06% of their portfolio OKLAHOMA CITY, OK 12,97713.0k $1.1m $1.1m 0.06% Reduced -196 -196
57 Ipsen Advisor Group LLC 0.82% of their portfolio LITTLE ROCK, AR 12,97013.0k $1.1m $1.1m 0.82% Added +253 +253
58 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 12,46312.5k $1.0m $1.0m 0.00% New
59 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 12,41212.4k $1.0m $1.0m 0.00% Added +2.1k +2,109
60 Verum Partners LLC 0.24% of their portfolio CHARLOTTE, NC 12,40012.4k $1.0m $1.0m 0.24% Unchanged
61 Horst & Graben Wealth Management LLC 0.17% of their portfolio PORTLAND, OR 11,96412.0k $997.7k $997.7k 0.17% Added +1.8k +1,776
62 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 11,81311.8k $985.1k $985.1k 0.02% First filing
63 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 11,80411.8k $984.3k $984.3k 0.01% Reduced -273 -273
64 GTS SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 11,42211.4k $952.5k $952.5k 0.04% Reduced -7.5k -7,505
65 SAXON INTERESTS, INC. 0.43% of their portfolio HOUSTON, TX 11,28311.3k $919.0k $919.0k 0.43% Unchanged
66 Detalus Advisors, LLC 0.26% of their portfolio ST. LOUIS, MO 10,82510.8k $902.7k $902.7k 0.26% Added +2.7k +2,748
67 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 10,12410.1k $844.2k $844.2k 0.01% Reduced -1.4k -1,360
68 Robertson Stephens Wealth Management, LLC 0.03% of their portfolio San Francisco, CA 10,01610.0k $835.2k $835.2k 0.03% New
69 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 9,8789.9k $823.8k $823.8k 0.00% Added +33 +33
70 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 9,1969.2k $766.8k $766.8k 0.02% Added +192 +192
71 Shared Vision Wealth Group LLC 0.38% of their portfolio CARLSBAD, X1 9,0659.1k $761.5k $761.5k 0.38% Reduced -2.0k -2,016
72 MONOGRAPH WEALTH ADVISORS, LLC 0.09% of their portfolio MANHATTAN BEACH, CA 8,9158.9k $743.4k $743.4k 0.09% New
73 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 8,8988.9k $742.0k $742.0k 0.01% Added +3 +3
74 Cedar Point Capital Partners, LLC 0.52% of their portfolio Cedar Rapids, IA 8,7768.8k $731.9k $731.9k 0.52% Reduced -131 -131
75 Chesley Taft & Associates LLC 0.03% of their portfolio CHICAGO, IL 8,7428.7k $729.0k $729.0k 0.03% Unchanged
76 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 8,6098.6k $717.9k $717.9k 0.00% Reduced -782 -782
77 FMR LLC 0.00% of their portfolio BOSTON, MA 8,3638.4k $697.4k $697.4k 0.00% Reduced -428 -428
78 Key Financial Inc 0.14% of their portfolio WEST CHESTER, PA 8,0898.1k $674.5k $674.5k 0.14% Added +1.8k +1,785
79 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 7,9107.9k $659.7k $659.7k 0.01% Added +5.1k +5,127
80 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 7,8427.8k $654.0k $654.0k 0.00% New
81 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,2177.2k $601.8k $601.8k 0.00% Reduced -13 -13
82 Ullmann Wealth Partners Group, LLC 0.07% of their portfolio JACKSONVILLE BEACH, FL 7,0307.0k $586.2k $586.2k 0.07% Unchanged
83 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 6,7706.8k $564.5k $564.5k 0.01% New
84 Edge Financial Advisors LLC 0.30% of their portfolio WHEATON, IL 6,7506.8k $568.9k $568.9k 0.30% New
85 Tyler-Stone Wealth Management 0.09% of their portfolio Beachwood, OH 6,6986.7k $558.5k $558.5k 0.09% Unchanged
86 One Wealth Advisors, LLC 0.08% of their portfolio SAN FRANCISCO, CA 6,5996.6k $550.3k $550.3k 0.08% Reduced -20.1k -20,144
87 Perennial Investment Advisors, LLC 0.05% of their portfolio Los Angeles, CA 6,3956.4k $533.3k $533.3k 0.05% Added +1.1k +1,146
88 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 5,9766.0k $498.3k $498.3k 0.00% Reduced -245 -245
89 Kelly Financial Services LLC 0.14% of their portfolio BRAINTREE, MA 5,8315.8k $486.3k $486.3k 0.14% Reduced -9.6k -9,630
90 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,6255.6k $469.1k $469.1k 0.00% Added +181 +181
91 FLAGSTAR SECURITIES, INC 0.13% of their portfolio New York, NY 5,5795.6k $465.2k $465.2k 0.13% Reduced -84 -84
92 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,4855.5k $457.4k $457.4k 0.00% Added +423 +423
93 Stephens Consulting, LLC 0.11% of their portfolio FLINT, MI 5,2795.3k $440.2k $440.2k 0.11% Unchanged
94 WEALTH ALLIANCE, LLC 0.05% of their portfolio MELLVILLE, NY 5,2475.2k $437.5k $437.5k 0.05% Reduced -21.2k -21,166
95 Quadrant Private Wealth Management, LLC 0.09% of their portfolio Center Valley, PA 5,1405.1k $428.6k $428.6k 0.09% Reduced -10.6k -10,568
96 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,1055.1k $425.7k $425.7k 0.00% Added +453 +453
97 Summit Asset Management, LLC 0.07% of their portfolio MEMPHIS, TN 5,0905.1k $424.5k $424.5k 0.07% Unchanged
98 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 5,0005.0k $416.9k $416.9k 0.00% Unchanged
99 Towerpoint Wealth, LLC 0.18% of their portfolio SACRAMENTO, CA 4,8034.8k $400.5k $400.5k 0.18% Reduced -19 -19
100 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 4,6014.6k $383.7k $383.7k 0.01% Added +3.5k +3,496