Vault-13

ISHARES TR ILCV

MORNINGSTAR VALU · ETP · CUSIP 464288109

193 institutional holders +20 vs Q4 2025
8,928,6708.9m shares reported held*
$832.5mreported value*
34 new 70 added 47 reduced 9 sold out net bought ≈ $23.1m (+143.2k 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 ($347.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.24.

Trends to Q1 2026

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: 170Q4 25: 173Q1 26: 193193Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q4 2025173
Q1 2026193

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 66 bought or addedQ4 25: 71 cut or sold outQ1 26: 104 bought or addedQ1 26: 56 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20244742
Q3 20244941
Q4 20246637
Q1 202510140
Q2 20257777
Q3 20256370
Q4 20256671
Q1 202610456

Biggest buyers

Systelligence, LLC New +122,186+122.2k
Tandem Financial, LLC New +80,837+80.8k
RAYMOND JAMES FINANCIAL INC Added +61,455+61.5k
AssuredPartners Investment Advisors, LLC New +56,112+56.1k
Sigma Planning Corp New +53,116+53.1k
Apex Wealth Management, LLC New +51,195+51.2k
ABSOLUTE CAPITAL MANAGEMENT, LLC Added +51,000+51.0k
Kingsview Wealth Management, LLC Added +48,700+48.7k
JPMORGAN CHASE & CO Added +43,221+43.2k
LPL Financial LLC Added +33,917+33.9k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -233,195-233.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -122,045-122.0k
Corient Private Wealth LP Reduced -116,053-116.1k
UBS Group AG Reduced -100,055-100.1k
GOLDMAN SACHS GROUP INC Reduced -61,675-61.7k
Global View Capital Management LLC Sold out -28,382-28.4k
Janney Montgomery Scott LLC Reduced -19,577-19.6k
Orion Porfolio Solutions, LLC Reduced -17,174-17.2k
MORGAN STANLEY Reduced -8,398-8.4k
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV Reduced -7,854-7.9k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Steele Capital Management, Inc. 2.59% of their portfolio DUBUQUE, IA 670,175670.2k $62.4m $62.4m 2.59% Added +94 +94
2 Matrix Trust Co 10.31% of their portfolio DENVER, CO 666,400666.4k $62.1m $62.1m 10.31% Added +7 +7
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 621,165621.2k $57.9m $57.9m 0.00% Reduced -233.2k -233,195
4 Equitable Holdings, Inc. 0.38% of their portfolio NEW YORK, NY 619,140619.1k $58.4m $58.4m 0.38% Added +8.8k +8,754
5 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 461,353461.4k $43.0m $43.0m 0.01% Added +61.5k +61,455
6 UBS Group AG 0.01% of their portfolio ZURICH, V8 436,777436.8k $40.7m $40.7m 0.01% Reduced -100.1k -100,055
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 428,345428.3k $39.9m $39.9m 0.01% Added +33.9k +33,917
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 351,968352.0k $32.8m $32.8m 0.00% Reduced -8.4k -8,398
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 323,759323.8k $29.6m $29.6m 0.00% Added +43.2k +43,221
10 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 3.56% of their portfolio BERMUDA RUN, NC 238,624238.6k $22.2m $22.2m 3.56% Reduced -7.9k -7,854
11 AlphaCore Capital LLC 0.52% of their portfolio LA JOLLA, CA 234,129234.1k $21.8m $21.8m 0.52% Reduced -5.8k -5,844
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 217,765217.8k $20.3m $20.3m 0.00% Added +2.7k +2,706
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 213,510213.5k $19.9m $19.9m 0.00% Added +11.4k +11,414
14 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 197,023197.0k $18.4m $18.4m 0.02% Added +13.2k +13,191
15 Northwest Wealth Advisors, LLC 10.28% of their portfolio BELLINGHAM, WA 154,510154.5k $14.4m $14.4m 10.28% Added +23.9k +23,950
16 Lauer Wealth, LLC 11.02% of their portfolio VALPARAISO, IN 143,906143.9k $13.8m $13.8m 11.02% Added +2.0k +2,005
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.03% of their portfolio PLYMOUTH, MN 138,049138.0k $12.9m $12.9m 0.03% Added +20.2k +20,221
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 129,284129.3k $12.0m $12.0m 0.01% Reduced -122.0k -122,045
19 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 125,388125.4k $11.7m $11.7m 0.00% Added +7.7k +7,712
20 Systelligence, LLC 2.21% of their portfolio BLOOMINGTON, MN 122,186122.2k $11.4m $11.4m 2.21% New
21 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 117,759117.8k $11.0m $11.0m 0.02% Reduced -116.1k -116,053
22 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 112,437112.4k $10.5m $10.5m 0.01% Reduced -1.6k -1,602
23 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 110,482110.5k $10.3m $10.3m 0.02% Added +18.9k +18,948
24 BARRETT & COMPANY, INC. 3.00% of their portfolio PROVIDENCE, RI 93,58893.6k $8.7m $8.7m 3.00% Reduced -1.0k -1,044
25 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 92,48792.5k $8.6m $8.6m 0.02% Reduced -2.2k -2,195
26 KILEY JUERGENS WEALTH MANAGEMENT, LLC 1.44% of their portfolio OLYMPIA, WA 87,59287.6k $8.2m $8.2m 1.44% Reduced -102 -102
27 ABSOLUTE CAPITAL MANAGEMENT, LLC 2.60% of their portfolio Pittsburgh, PA 83,90083.9k $7.8m $7.8m 2.60% Added +51.0k +51,000
28 Tandem Financial, LLC 2.55% of their portfolio GREENWOOD VILLAGE, CO 80,83780.8k $7.5m $7.5m 2.55% New
29 NorthStar Asset Management LLC /NJ/ 3.29% of their portfolio BERKELEY HEIGHTS, NJ 73,22473.2k $6.8m $6.8m 3.29% Added +2.9k +2,920
30 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 60,45260.5k $5.6m $5.6m 0.00% Added +635 +635
31 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 58,88358.9k $5.5m $5.5m 0.02% Reduced -866 -866
32 AssuredPartners Investment Advisors, LLC 0.57% of their portfolio Tampa, FL 56,11256.1k $5.3m $5.3m 0.57% New
33 Sheridan Capital Management, LLC 2.73% of their portfolio San Rafael, CA 55,63955.6k $5.2m $5.2m 2.73% Added +1.8k +1,768
34 Kingsview Wealth Management, LLC 0.07% of their portfolio GRANTS PASS, OR 55,29255.3k $5.1m $5.1m 0.07% Added +48.7k +48,700
35 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 54,20754.2k $5.0m $5.0m 0.01% Reduced -19.6k -19,577
36 Sigma Planning Corp 0.14% of their portfolio ANN ARBOR, MI 53,11653.1k $4.9m $4.9m 0.14% New
37 Apex Wealth Management, LLC 3.27% of their portfolio BEDFORD, NH 51,19551.2k $4.8m $4.8m 3.27% New
38 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 44,81744.8k $4.2m $4.2m 0.02% Added +758 +758
39 MATHER GROUP, LLC. 0.04% of their portfolio CHICAGO, IL 37,89137.9k $3.5m $3.5m 0.04% Unchanged
40 Mariner, LLC 0.00% of their portfolio Overland Park, KS 37,50637.5k $3.5m $3.5m 0.00% Reduced -183 -183
41 Strategic Blueprint, LLC 0.19% of their portfolio ATLANTA, GA 35,92235.9k $3.3m $3.3m 0.19% Added +2.3k +2,272
42 JIM SAULNIER & ASSOCIATES, LLC 1.59% of their portfolio FORT COLLINS, CO 35,16435.2k $3.3m $3.3m 1.59% Reduced -622 -622
43 Madison Wealth Partners, Inc 0.52% of their portfolio MADISON, WI 35,06435.1k $3.3m $3.3m 0.52% Added +336 +336
44 Prime Capital Investment Advisors, LLC 0.03% of their portfolio OVERLAND PARK, KS 32,44732.4k $3.0m $3.0m 0.03% Added +3.9k +3,919
45 ASHTON THOMAS SECURITIES, LLC 0.33% of their portfolio ROCHESTER, NY 28,23228.2k $2.6m $2.6m 0.33% New
46 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 24,42124.4k $2.3m $2.3m 0.00% Reduced -1.6k -1,580
47 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 22,22322.2k $2.1m $2.1m 0.02% Added +8.1k +8,054
48 CWM, LLC 0.01% of their portfolio OMAHA, NE 21,95122.0k $2.0m $2.0m 0.01% Reduced -92 -92
49 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 21,40921.4k $2.0m $2.0m 0.01% Reduced -1.4k -1,436
50 Van Diest Capital, LLC 1.54% of their portfolio POLY CITY, IA 21,00321.0k $2.0m $2.0m 1.54% Added +15.8k +15,828
51 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 20,77420.8k $1.9m $1.9m 0.00% Reduced -61.7k -61,675
52 Asset One Wealth Management LLC 0.22% of their portfolio BELLEVUE, WA 20,70220.7k $2.0m $2.0m 0.22% Unchanged
53 FLAGSHIP HARBOR ADVISORS, LLC 0.08% of their portfolio BOSTON, MA 18,62018.6k $1.7m $1.7m 0.08% Reduced -121 -121
54 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 17,97218.0k $1.7m $1.7m 0.00% Added +47 +47
55 GenWealth Group, Inc. 0.28% of their portfolio Maplewood, NJ 17,49517.5k $1.6m $1.6m 0.28% Reduced -29 -29
56 Asempa Wealth Advisors 1.42% of their portfolio BATON ROUGE, LA 17,42317.4k $1.6m $1.6m 1.42% Reduced -450 -450
57 Caliber Wealth Management, LLC / KS 0.16% of their portfolio Overland Park, KS 15,91215.9k $1.5m $1.5m 0.16% Added +1 +1
58 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 15,66415.7k $1.5m $1.5m 0.00% Reduced -977 -977
59 Brand Asset Management Group, Inc. 0.36% of their portfolio CHESTERFIELD, MO 14,95915.0k $1.4m $1.4m 0.36% Reduced -56 -56
60 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 14,04814.0k $1.3m $1.3m 0.00% Reduced -906 -906
61 Ellis Investment Partners, LLC 0.22% of their portfolio Berwyn, PA 13,79713.8k $1.3m $1.3m 0.22% Reduced -215 -215
62 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 12,89112.9k $1.2m $1.2m 0.00% New
63 Horst & Graben Wealth Management LLC 0.17% of their portfolio PORTLAND, OR 12,85712.9k $1.3m $1.3m 0.17% Added +903 +903
64 Verum Partners LLC 0.22% of their portfolio CHARLOTTE, NC 12,40012.4k $1.2m $1.2m 0.22% Unchanged
65 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 12,26112.3k $1.1m $1.1m 0.01% New
66 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 12,21212.2k $1.1m $1.1m 0.00% Added +511 +511
67 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 12,19612.2k $1.1m $1.1m 0.01% Added +3.2k +3,207
68 Ipsen Advisor Group LLC 0.76% of their portfolio LITTLE ROCK, AR 11,62211.6k $1.1m $1.1m 0.76% Reduced -641 -641
69 FMR LLC 0.00% of their portfolio BOSTON, MA 11,41211.4k $1.1m $1.1m 0.00% Added +1.2k +1,172
70 SAXON INTERESTS, INC. 0.36% of their portfolio HOUSTON, TX 11,28311.3k $1.1m $1.1m 0.36% Unchanged
71 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 11,06011.1k $1.0m $1.0m 0.01% Unchanged
72 HB Wealth Management, LLC 0.01% of their portfolio Atlanta, GA 10,67410.7k $994.2k $994.2k 0.01% Unchanged
73 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,45810.5k $974.1k $974.1k 0.00% New
74 Detalus Advisors, LLC 0.22% of their portfolio ST. LOUIS, MO 10,37310.4k $966.1k $966.1k 0.22% Added +39 +39
75 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 10,02710.0k $933.9k $933.9k 0.01% Reduced -17.2k -17,174
76 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 9,97010.0k $928.6k $928.6k 0.00% Added +61 +61
77 ANB BANK 0.37% of their portfolio DENVER, CO 9,7609.8k $909.0k $909.0k 0.37% Reduced -77 -77
78 Key Financial Inc 0.16% of their portfolio WEST CHESTER, PA 9,4829.5k $883.2k $883.2k 0.16% Added +275 +275
79 Shared Vision Wealth Group LLC 0.35% of their portfolio CARLSBAD, X1 9,1039.1k $847.9k $847.9k 0.35% Added +38 +38
80 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 9,0059.0k $822.6k $822.6k 0.00% Added +1.5k +1,474
81 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 8,9058.9k $829.4k $829.4k 0.01% Added +2 +2
82 Proactive Wealth Strategies LLC 0.15% of their portfolio MARIETTA, GA 8,8448.8k $823.8k $823.8k 0.15% Added +4.4k +4,438
83 Chesley Taft & Associates LLC 0.03% of their portfolio CHICAGO, IL 8,7428.7k $814.2k $814.2k 0.03% Unchanged
84 Cedar Point Capital Partners, LLC 0.49% of their portfolio Cedar Rapids, IA 8,0858.1k $753.1k $753.1k 0.49% Added +97 +97
85 Perennial Investment Advisors, LLC 0.05% of their portfolio Los Angeles, CA 7,2637.3k $676.5k $676.5k 0.05% Added +1.2k +1,182
86 Key Capital Management, INC 0.44% of their portfolio HENDERSONVILLE, TN 37075, TN 7,1617.2k $667.0k $667.0k 0.44% Added +27 +27
87 One Wealth Advisors, LLC 0.08% of their portfolio SAN FRANCISCO, CA 7,1447.1k $665.4k $665.4k 0.08% Added +196 +196
88 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 7,1357.1k $664.5k $664.5k 0.00% Added +2.7k +2,713
89 Ullmann Wealth Partners Group, LLC 0.07% of their portfolio JACKSONVILLE BEACH, FL 7,0307.0k $654.8k $654.8k 0.07% Unchanged
90 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 6,8166.8k $634.8k $634.8k 0.00% Reduced -259 -259
91 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 6,6166.6k $616.2k $616.2k 0.00% New
92 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 6,2276.2k $580.0k $580.0k 0.00% Reduced -592 -592
93 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 6,0986.1k $568.0k $568.0k 0.00% Reduced -503 -503
94 Quadrant Private Wealth Management, LLC 0.09% of their portfolio Center Valley, PA 6,0676.1k $565.1k $565.1k 0.09% Added +551 +551
95 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 5,9586.0k $554.9k $554.9k 0.00% Unchanged
96 Kelly Financial Services LLC 0.13% of their portfolio BRAINTREE, MA 5,7885.8k $539.1k $539.1k 0.13% Added +621 +621
97 Security Financial Services, INC. 0.08% of their portfolio Fort Wayne, IN 5,6075.6k $522.2k $522.2k 0.08% Added +2.6k +2,621
98 FLAGSTAR SECURITIES, INC 0.19% of their portfolio New York, NY 5,5355.5k $515.6k $515.6k 0.19% Added +162 +162
99 KICKSTAND VENTURES, LLC. 0.11% of their portfolio PITTSFORD, NY 5,5085.5k $513.0k $513.0k 0.11% Added +1.6k +1,553
100 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,4675.5k $509.2k $509.2k 0.00% Reduced -398 -398