Vault-13

ISHARES TR ILCV

MORNINGSTAR VALU · ETP · CUSIP 464288109

170 institutional holders +1 vs Q2 2025
9,010,8979.0m shares reported held*
$810.6mreported value*
16 new 47 added 60 reduced 10 sold out net bought ≈ $7.0m (+77.7k 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 ≈ $89.96.

Trends to Q3 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: 169Q3 25: 170170Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025170

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 47 bought or addedQ4 23: 47 cut or sold outQ1 24: 36 bought or addedQ1 24: 46 cut or sold outQ1 24Q2 24: 47 bought or addedQ2 24: 42 cut or sold outQ3 24: 49 bought or addedQ3 24: 41 cut or sold outQ3 24Q4 24: 66 bought or addedQ4 24: 37 cut or sold outQ1 25: 101 bought or addedQ1 25: 40 cut or sold outQ1 25Q2 25: 77 bought or addedQ2 25: 77 cut or sold outQ3 25: 63 bought or addedQ3 25: 70 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20234747
Q1 20243646
Q2 20244742
Q3 20244941
Q4 20246637
Q1 202510140
Q2 20257777
Q3 20256370

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ4 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 —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$76.8k$00.00
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +284,365+284.4k
Cetera Investment Advisers Added +133,428+133.4k
AMERIPRISE FINANCIAL INC Added +94,862+94.9k
Tandem Financial, LLC New +65,638+65.6k
Sanctuary Advisors, LLC Added +41,896+41.9k
UBS Group AG Added +39,138+39.1k
ASHTON THOMAS SECURITIES, LLC New +28,528+28.5k
Strategic Blueprint, LLC New +27,176+27.2k
MERCER GLOBAL ADVISORS INC /ADV Added +22,018+22.0k
BANK OF AMERICA CORP /DE/ Added +13,548+13.5k

Biggest sellers

ROYAL BANK OF CANADA Reduced -223,626-223.6k
Equitable Holdings, Inc. Reduced -175,897-175.9k
LPL Financial LLC Reduced -89,947-89.9k
Steele Capital Management, Inc. Reduced -39,416-39.4k
Matrix Trust Co Reduced -39,231-39.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -24,846-24.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -21,377-21.4k
MORGAN STANLEY Reduced -16,851-16.9k
OSAIC HOLDINGS, INC. Reduced -15,908-15.9k
GTS SECURITIES LLC Sold out -11,422-11.4k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 825,721825.7k $74.3m $74.3m 0.01% Added +13.5k +13,548
2 Equitable Holdings, Inc. 0.48% of their portfolio NEW YORK, NY 728,634728.6k $65.6m $65.6m 0.48% Reduced -175.9k -175,897
3 Steele Capital Management, Inc. 2.65% of their portfolio DUBUQUE, IA 663,259663.3k $59.7m $59.7m 2.65% Reduced -39.4k -39,416
4 Matrix Trust Co 9.32% of their portfolio DENVER, CO 661,110661.1k $59.5m $59.5m 9.32% Reduced -39.2k -39,231
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 565,044565.0k $50.9m $50.9m 0.00% Added +284.4k +284,365
6 UBS Group AG 0.01% of their portfolio ZURICH, V8 536,027536.0k $48.3m $48.3m 0.01% Added +39.1k +39,138
7 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 412,651412.7k $37.1m $37.1m 0.01% Added +1.7k +1,660
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 359,674359.7k $32.4m $32.4m 0.00% Reduced -16.9k -16,851
9 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 346,250346.2k $31.2m $31.2m 0.01% Reduced -89.9k -89,947
10 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 4.12% of their portfolio BERMUDA RUN, NC 281,597281.6k $25.3m $25.3m 4.12% Reduced -8.9k -8,860
11 SPC Financial, Inc. 1.73% of their portfolio ROCKVILLE, MD 245,889245.9k $22.1m $22.1m 1.73% Reduced -848 -848
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 239,422239.4k $21.6m $21.6m 0.00% Reduced -223.6k -223,626
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 206,025206.0k $18.5m $18.5m 0.00% Added +2.1k +2,128
14 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 193,161193.2k $17.4m $17.4m 0.02% Added +133.4k +133,428
15 Lauer Wealth, LLC 9.21% of their portfolio VALPARAISO, IN 139,316139.3k $12.5m $12.5m 9.21% Added +1.5k +1,472
16 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 125,880125.9k $11.1m $11.1m 0.02% Reduced -15.9k -15,908
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 121,231121.2k $10.9m $10.9m 0.00% Added +94.9k +94,862
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 119,157119.2k $10.8m $10.8m 0.02% Added +2.3k +2,315
19 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 115,899115.9k $10.4m $10.4m 0.01% Reduced -24.8k -24,846
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 115,544115.5k $10.4m $10.4m 0.01% Added +2.5k +2,454
21 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 110,985111.0k $10.0m $10.0m 0.02% Added +6.4k +6,396
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 99,02299.0k $8.9m $8.9m 0.00% Reduced -4.6k -4,643
23 BARRETT & COMPANY, INC. 2.94% of their portfolio PROVIDENCE, RI 95,40895.4k $8.6m $8.6m 2.94% Added +3.1k +3,091
24 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 92,62792.6k $8.3m $8.3m 0.02% Added +4.1k +4,095
25 KILEY JUERGENS WEALTH MANAGEMENT, LLC 1.74% of their portfolio OLYMPIA, WA 87,98288.0k $7.9m $7.9m 1.74% Reduced -1.2k -1,202
26 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 81,76981.8k $7.0m $7.0m 0.02% Added +41.9k +41,896
27 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 73,25773.3k $6.6m $6.6m 0.02% Reduced -6.4k -6,434
28 NorthStar Asset Management LLC /NJ/ 2.94% of their portfolio BERKELEY HEIGHTS, NJ 68,08968.1k $6.1m $6.1m 2.94% Added +3.1k +3,132
29 Tandem Financial, LLC 2.20% of their portfolio GREENWOOD VILLAGE, CO 65,63865.6k $5.9m $5.9m 2.20% New
30 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 59,53959.5k $5.4m $5.4m 0.01% Added +495 +495
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 57,45557.5k $5.2m $5.2m 0.00% Reduced -1.6k -1,555
32 Sheridan Capital Management, LLC 2.62% of their portfolio San Rafael, CA 55,13155.1k $5.0m $5.0m 2.62% Reduced -3.3k -3,314
33 Apex Wealth Management, LLC 3.27% of their portfolio BEDFORD, NH 50,73750.7k $4.6m $4.6m 3.27% Added +228 +228
34 MATHER GROUP, LLC. 0.03% of their portfolio CHICAGO, IL 37,89137.9k $3.4m $3.4m 0.03% Unchanged
35 Mariner, LLC 0.00% of their portfolio Overland Park, KS 37,59037.6k $3.4m $3.4m 0.00% Added +115 +115
36 JIM SAULNIER & ASSOCIATES, LLC 1.82% of their portfolio FORT COLLINS, CO 36,27136.3k $3.3m $3.3m 1.82% Reduced -2.4k -2,384
37 Madison Wealth Partners, Inc 0.61% of their portfolio MADISON, WI 34,39234.4k $3.1m $3.1m 0.61% Added +125 +125
38 Dentgroup LLC 1.78% of their portfolio BATON ROUGE, LA 30,60830.6k $2.8m $2.8m 1.78% Reduced -445 -445
39 Prime Capital Investment Advisors, LLC 0.03% of their portfolio OVERLAND PARK, KS 29,49029.5k $2.7m $2.7m 0.03% Reduced -14 -14
40 ASHTON THOMAS SECURITIES, LLC 0.36% of their portfolio ROCHESTER, NY 28,52828.5k $2.6m $2.6m 0.36% New
41 Strategic Blueprint, LLC 0.11% of their portfolio ATLANTA, GA 27,17627.2k $2.4m $2.4m 0.11% New
42 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 26,00126.0k $2.3m $2.3m 0.00% Reduced -868 -868
43 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 25,30525.3k $2.3m $2.3m 0.01% Reduced -656 -656
44 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 24,76024.8k $2.2m $2.2m 0.00% Added +22.0k +22,018
45 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 23,35023.4k $2.1m $2.1m 0.00% Reduced -2.4k -2,379
46 CWM, LLC 0.01% of their portfolio OMAHA, NE 22,53322.5k $2.0m $2.0m 0.01% Reduced -850 -850
47 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 20,55420.6k $1.9m $1.9m 0.01% Added +4.8k +4,771
48 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.79% of their portfolio Pittsburgh, PA 20,50020.5k $1.8m $1.8m 0.79% Unchanged
49 Edge Financial Advisors LLC 0.82% of their portfolio WHEATON, IL 20,26220.3k $1.8m $1.8m 0.82% Added +13.5k +13,512
50 FLAGSHIP HARBOR ADVISORS, LLC 0.07% of their portfolio BOSTON, MA 18,74718.7k $1.7m $1.7m 0.07% Added +1.2k +1,161
51 GenWealth Group, Inc. 0.30% of their portfolio Maplewood, NJ 17,81217.8k $1.6m $1.6m 0.30% Reduced -182 -182
52 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 16,57216.6k $1.5m $1.5m 0.02% Reduced -395 -395
53 Caliber Wealth Management, LLC / KS 0.16% of their portfolio Overland Park, KS 16,02016.0k $1.4m $1.4m 0.16% Reduced -460 -460
54 Brand Asset Management Group, Inc. 0.39% of their portfolio CHESTERFIELD, MO 15,23315.2k $1.4m $1.4m 0.39% Unchanged
55 Ellis Investment Partners, LLC 0.23% of their portfolio Berwyn, PA 14,16214.2k $1.3m $1.3m 0.23% Reduced -991 -991
56 COMERICA BANK 0.00% of their portfolio DALLAS, TX 13,59613.6k $1.2m $1.2m 0.00% Reduced -8 -8
57 Full Sail Capital, LLC 0.06% of their portfolio OKLAHOMA CITY, OK 12,97713.0k $1.2m $1.2m 0.06% Unchanged
58 Ipsen Advisor Group LLC 0.80% of their portfolio LITTLE ROCK, AR 12,41412.4k $1.1m $1.1m 0.80% Reduced -556 -556
59 Verum Partners LLC 0.24% of their portfolio CHARLOTTE, NC 12,40012.4k $1.1m $1.1m 0.24% Unchanged
60 Horst & Graben Wealth Management LLC 0.16% of their portfolio PORTLAND, OR 11,95812.0k $1.1m $1.1m 0.16% Reduced -6 -6
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11,72311.7k $1.1m $1.1m 0.00% Reduced -689 -689
62 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 11,36111.4k $1.0m $1.0m 0.02% Reduced -452 -452
63 SAXON INTERESTS, INC. 0.39% of their portfolio HOUSTON, TX 11,28311.3k $991.6k $991.6k 0.39% Unchanged
64 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 11,16911.2k $1.0m $1.0m 0.01% Reduced -635 -635
65 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 10,67410.7k $960.9k $960.9k 0.01% Added +550 +550
66 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,36210.4k $932.8k $932.8k 0.00% Added +1.8k +1,753
67 Detalus Advisors, LLC 0.24% of their portfolio ST. LOUIS, MO 10,27210.3k $924.7k $924.7k 0.24% Reduced -553 -553
68 ANB BANK 0.37% of their portfolio DENVER, CO 10,14510.1k $913.3k $913.3k 0.37% Reduced -4.4k -4,403
69 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 9,9099.9k $892.0k $892.0k 0.00% Added +31 +31
70 FMR LLC 0.00% of their portfolio BOSTON, MA 9,4239.4k $848.2k $848.2k 0.00% Added +1.1k +1,060
71 Key Financial Inc 0.15% of their portfolio WEST CHESTER, PA 9,1189.1k $824.0k $824.0k 0.15% Added +1.0k +1,029
72 Shared Vision Wealth Group LLC 0.35% of their portfolio CARLSBAD, X1 9,0659.1k $820.3k $820.3k 0.35% Unchanged
73 Cedar Point Capital Partners, LLC 0.53% of their portfolio Cedar Rapids, IA 8,9488.9k $805.5k $805.5k 0.53% Added +172 +172
74 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 8,9008.9k $801.2k $801.2k 0.01% Added +2 +2
75 Chesley Taft & Associates LLC 0.03% of their portfolio CHICAGO, IL 8,7428.7k $787.0k $787.0k 0.03% Unchanged
76 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 8,0638.1k $725.9k $725.9k 0.01% Added +153 +153
77 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,1057.1k $639.7k $639.7k 0.00% Reduced -112 -112
78 Ullmann Wealth Partners Group, LLC 0.07% of their portfolio JACKSONVILLE BEACH, FL 7,0307.0k $632.8k $632.8k 0.07% Unchanged
79 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 6,9346.9k $624.2k $624.2k 0.00% Reduced -908 -908
80 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 6,8736.9k $618.8k $618.8k 0.00% Reduced -5.6k -5,590
81 One Wealth Advisors, LLC 0.08% of their portfolio SAN FRANCISCO, CA 6,7296.7k $605.7k $605.7k 0.08% Added +130 +130
82 Sound Income Strategies, LLC 0.03% of their portfolio FT LAUDERDALE, FL 6,3546.4k $571.1k $571.1k 0.03% Added +2.2k +2,179
83 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 6,2596.3k $563.5k $563.5k 0.01% Reduced -511 -511
84 Perennial Investment Advisors, LLC 0.05% of their portfolio Los Angeles, CA 6,2346.2k $561.2k $561.2k 0.05% Reduced -161 -161
85 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 5,9766.0k $538.0k $538.0k 0.00% Unchanged
86 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 5,9586.0k $536.3k $536.3k 0.00% New
87 Kelly Financial Services LLC 0.13% of their portfolio BRAINTREE, MA 5,6645.7k $509.9k $509.9k 0.13% Reduced -167 -167
88 FLAGSTAR SECURITIES, INC 0.15% of their portfolio New York, NY 5,5405.5k $498.7k $498.7k 0.15% Reduced -39 -39
89 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,4855.5k $493.8k $493.8k 0.00% Unchanged
90 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,4505.5k $490.6k $490.6k 0.00% Reduced -175 -175
91 Summit Asset Management, LLC 0.07% of their portfolio MEMPHIS, TN 5,0905.1k $458.2k $458.2k 0.07% Unchanged
92 Quadrant Private Wealth Management, LLC 0.08% of their portfolio Center Valley, PA 5,0495.0k $454.5k $454.5k 0.08% Reduced -91 -91
93 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 5,0005.0k $450.1k $450.1k 0.00% Unchanged
94 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 4,9364.9k $444.4k $444.4k 0.01% Reduced -4.3k -4,260
95 WEALTH ALLIANCE, LLC 0.05% of their portfolio MELLVILLE, NY 4,8994.9k $441.0k $441.0k 0.05% Reduced -348 -348
96 Towerpoint Wealth, LLC 0.18% of their portfolio SACRAMENTO, CA 4,7674.8k $429.1k $429.1k 0.18% Reduced -36 -36
97 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,6184.6k $415.7k $415.7k 0.00% Reduced -487 -487
98 Proactive Wealth Strategies LLC 0.17% of their portfolio MARIETTA, GA 4,3834.4k $394.6k $394.6k 0.17% Reduced -9 -9
99 Nvest Financial, LLC 0.23% of their portfolio PORTSMOUTH, NH 4,3604.4k $392.5k $392.5k 0.23% New
100 EWA, LLC 0.11% of their portfolio PITTSBURGH, PA 4,2724.3k $384.5k $384.5k 0.11% Reduced -259 -259