Vault-13

ISHARES TR SUB

SHRT NAT MUN ETF · ETP · CUSIP 464288158

840 institutional holders -18 vs Q2 2025
77,716,15677.7m shares reported held*
$8.3bnreported value*
43 new 373 added 263 reduced 56 sold out net sold ≈ $524.0m (-4.9m 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 ($8.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.91.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 718Q4 22: 789Q1 23: 764Q2 23: 759Q3 23: 758Q4 23: 793Q1 24: 765Q2 24: 766Q3 24: 769Q4 24: 841Q1 25: 843Q2 25: 858Q3 25: 840840Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022718
Q4 2022789
Q1 2023764
Q2 2023759
Q3 2023758
Q4 2023793
Q1 2024765
Q2 2024766
Q3 2024769
Q4 2024841
Q1 2025843
Q2 2025858
Q3 2025840

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 23: 332 bought or addedQ4 23: 394 cut or sold outQ1 24: 337 bought or addedQ1 24: 377 cut or sold outQ1 24Q2 24: 339 bought or addedQ2 24: 359 cut or sold outQ3 24: 351 bought or addedQ3 24: 339 cut or sold outQ3 24Q4 24: 404 bought or addedQ4 24: 298 cut or sold outQ1 25: 390 bought or addedQ1 25: 365 cut or sold outQ1 25Q2 25: 431 bought or addedQ2 25: 339 cut or sold outQ3 25: 416 bought or addedQ3 25: 319 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023332394
Q1 2024337377
Q2 2024339359
Q3 2024351339
Q4 2024404298
Q1 2025390365
Q2 2025431339
Q3 2025416319

Biggest buyers

MERCER GLOBAL ADVISORS INC /ADV Added +867,508+867.5k
JPMORGAN CHASE & CO Added +641,713+641.7k
NISA INVESTMENT ADVISORS, LLC Added +442,145+442.1k
BANK OF AMERICA CORP /DE/ Added +302,175+302.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +183,635+183.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +167,859+167.9k
GOLDMAN SACHS GROUP INC Added +162,061+162.1k
BANK OF HAWAII Added +151,046+151.0k
BIP Wealth, LLC Added +132,053+132.1k
MORGAN STANLEY Added +121,432+121.4k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -4,834,581-4.8m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -1,983,222-2.0m
GRIMES & Co WEALTH MANAGEMENT, LLC Reduced -541,857-541.9k
ROYAL BANK OF CANADA Reduced -523,109-523.1k
Composition Wealth, LLC Reduced -379,488-379.5k
Rockefeller Capital Management L.P. Reduced -267,811-267.8k
CAPTRUST FINANCIAL ADVISORS Reduced -193,618-193.6k
Thrivent Financial for Lutherans Reduced -189,596-189.6k
RAYMOND JAMES FINANCIAL INC Reduced -154,404-154.4k
Waterway Wealth Management, LLC Reduced -121,917-121.9k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: Bank of New York Mellon Corp (4.8%, 2026-04-28)

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MERCER GLOBAL ADVISORS INC /ADV 1.38% of their portfolio DENVER, CO 7,766,1297.8m $829.3m $829.3m 1.38% Added +867.5k +867,508
2 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 7,529,7747.5m $804.0m $804.0m 0.06% Added +302.2k +302,175
3 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 6,492,3066.5m $693.2m $693.2m 0.04% Added +121.4k +121,432
4 Bank of New York Mellon Corp 0.10% of their portfolio NEW YORK, NY 5,309,7075.3m $567.0m $567.0m 0.10% Added +112.4k +112,381
5 SEI INVESTMENTS CO 0.32% of their portfolio OAKS, PA 2,754,6372.8m $294.1m $294.1m 0.32% Added +60.9k +60,899
6 Creative Planning 0.22% of their portfolio OVERLAND PARK, KS 2,753,4942.8m $294.0m $294.0m 0.22% Added +117.1k +117,059
7 TIAA TRUST, NATIONAL ASSOCIATION 0.37% of their portfolio CHARLOTTE, NC 1,429,0551.4m $152.6m $152.6m 0.37% Reduced -2.0m -1,983,222
8 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 1,322,8981.3m $141.3m $141.3m 0.09% Added +167.9k +167,859
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,269,5261.3m $135.6m $135.6m 0.00% Added +641.7k +641,713
10 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 1,255,6291.3m $134.1m $134.1m 0.03% Added +11.5k +11,548
11 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 1,242,8531.2m $132.7m $132.7m 0.09% Reduced -34.6k -34,554
12 CAPTRUST FINANCIAL ADVISORS 0.27% of their portfolio RALEIGH, NC 1,224,5961.2m $130.8m $130.8m 0.27% Reduced -193.6k -193,618
13 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,114,3681.1m $119.0m $119.0m 0.02% Reduced -16.2k -16,159
14 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,019,8711.0m $108.6m $108.6m 0.02% Added +29.8k +29,842
15 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 928,343928.3k $99.1m $99.1m 0.03% Reduced -42.0k -42,035
16 Mariner, LLC 0.12% of their portfolio Overland Park, KS 837,819837.8k $89.5m $89.5m 0.12% Added +19.3k +19,315
17 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 669,413669.4k $71.5m $71.5m 0.02% Reduced -4.8m -4,834,581
18 NISA INVESTMENT ADVISORS, LLC 0.26% of their portfolio ST. LOUIS, MO 642,650642.6k $68.6m $68.6m 0.26% Added +442.1k +442,145
19 Salomon & Ludwin, LLC 6.10% of their portfolio RICHMOND, VA 635,915635.9k $67.8m $67.8m 6.10% Added +36.7k +36,668
20 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 609,806609.8k $65.1m $65.1m 0.03% Reduced -3.6k -3,602
21 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 609,714609.7k $65.1m $65.1m 0.08% Reduced -59.3k -59,283
22 Allworth Financial LP 0.28% of their portfolio FOLSOM, CA 591,086591.1k $63.1m $63.1m 0.28% Added +6.4k +6,354
23 US BANCORP \DE\ 0.07% of their portfolio MINNEAPOLIS, MN 538,951539.0k $57.5m $57.5m 0.07% Reduced -5.6k -5,578
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 521,663521.7k $55.7m $55.7m 0.01% Reduced -523.1k -523,109
25 Focus Partners Wealth 0.09% of their portfolio ST LOUIS, MO 515,800515.8k $55.1m $55.1m 0.09% Reduced -2.7k -2,720
26 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 513,761513.8k $54.9m $54.9m 0.02% Reduced -154.4k -154,404
27 Heritage Investment Group, Inc. 8.43% of their portfolio POMPANO BEACH, FL 493,210493.2k $52.7m $52.7m 8.43% Added +6.7k +6,718
28 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 476,914476.9k $50.9m $50.9m 0.06% Reduced -49.1k -49,101
29 Crestwood Advisors Group, LLC 0.84% of their portfolio BOSTON, MA 462,094462.1k $49.3m $49.3m 0.84% Added +64.3k +64,271
30 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 428,692428.7k $45.8m $45.8m 0.01% Added +162.1k +162,061
31 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 426,875426.9k $45.6m $45.6m 0.07% Added +15.6k +15,590
32 Willow Creek Wealth Management Inc. 3.71% of their portfolio Sebastopol, CA 421,947421.9k $45.1m $45.1m 3.71% Added +40.7k +40,670
33 WIT, LLC 1.01% of their portfolio DISTRICT OF COLUMBIA, DC 418,588418.6k $44.7m $44.7m 1.01% Unchanged
34 RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio NEW YORK, NY 415,800415.8k $44.4m $44.4m 0.06% Reduced -78.0k -78,000
35 Truepoint, Inc. 1.03% of their portfolio CINCINNATI, OH 413,033413.0k $44.1m $44.1m 1.03% Added +30.8k +30,812
36 Apella Capital, LLC 0.95% of their portfolio WEST HARTFORD, CT 397,670397.7k $42.5m $42.5m 0.95% Added +65.4k +65,447
37 OLD NATIONAL BANCORP /IN/ 0.66% of their portfolio EVANSVILLE, IN 362,802362.8k $38.7m $38.7m 0.66% Added +52.6k +52,583
38 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 362,273362.3k $38.7m $38.7m 0.01% Reduced -24.0k -24,024
39 Beacon Pointe Advisors, LLC 0.31% of their portfolio NEWPORT BEACH, CA 341,693341.7k $36.5m $36.5m 0.31% Added +42.8k +42,797
40 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 327,086327.1k $34.9m $34.9m 0.03% Reduced -18.7k -18,710
41 Orion Porfolio Solutions, LLC 0.27% of their portfolio OMAHA, NE 321,504321.5k $34.3m $34.3m 0.27% Added +19.4k +19,388
42 DGS Capital Management, LLC 6.08% of their portfolio JERSEY CITY, NJ 312,151312.2k $33.3m $33.3m 6.08% Added +7.8k +7,822
43 Willis Johnson & Associates, Inc. 1.89% of their portfolio Houston, TX 285,594285.6k $30.5m $30.5m 1.89% Added +7.5k +7,529
44 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 278,563278.6k $29.8m $29.8m 0.04% Reduced -800 -800
45 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 272,343272.3k $29.1m $29.1m 0.06% Reduced -267.8k -267,811
46 RMR Wealth Builders 2.42% of their portfolio Montclair, NJ 271,309271.3k $29.0m $29.0m 2.42% Added +16.3k +16,269
47 CITIZENS FINANCIAL GROUP INC/RI 0.39% of their portfolio PROVIDENCE, RI 263,251263.3k $28.1m $28.1m 0.39% Reduced -1.1k -1,091
48 RITHOLTZ WEALTH MANAGEMENT 0.54% of their portfolio NEW YORK, NY 259,087259.1k $27.7m $27.7m 0.54% Added +4.8k +4,770
49 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 250,917250.9k $26.8m $26.8m 0.03% Added +37.6k +37,558
50 CAHABA WEALTH MANAGEMENT, INC. 1.90% of their portfolio Atlanta, GA 246,274246.3k $26.3m $26.3m 1.90% Added +10.5k +10,543
51 Modera Wealth Management, LLC 0.30% of their portfolio WESTWOOD, NJ 245,039245.0k $26.2m $26.2m 0.30% Added +1.3k +1,285
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 241,871241.9k $25.8m $25.8m 0.04% Added +10.3k +10,314
53 CIBC Private Wealth Group LLC 0.04% of their portfolio ATLANTA, GA 221,047221.0k $23.6m $23.6m 0.04% Reduced -112.2k -112,216
54 LVW Advisors, LLC 2.39% of their portfolio PITTSFORD, NY 216,105216.1k $23.1m $23.1m 2.39% Added +18.0k +18,000
55 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.91% of their portfolio BOSTON, MA 213,956214.0k $22.8m $22.8m 0.91% Added +56.1k +56,086
56 Betterment LLC 0.04% of their portfolio NEW YORK, NY 205,744205.7k $22.0m $22.0m 0.04% Reduced -10.3k -10,288
57 Carnegie Investment Counsel 0.40% of their portfolio PEPPER PIKE, OH 196,836196.8k $21.0m $21.0m 0.40% Reduced -4.0k -3,989
58 Composition Wealth, LLC 0.30% of their portfolio LOS ANGELES, CA 190,196190.2k $20.3m $20.3m 0.30% Reduced -379.5k -379,488
59 Legacy Edge Advisors, LLC 2.38% of their portfolio SYOSSET, NY 189,075189.1k $20.2m $20.2m 2.38% Added +1.7k +1,670
60 MATHER GROUP, LLC. 0.20% of their portfolio CHICAGO, IL 184,500184.5k $19.7m $19.7m 0.20% Added +12.9k +12,859
61 COMERICA BANK 0.07% of their portfolio DALLAS, TX 184,157184.2k $19.7m $19.7m 0.07% Reduced -10.4k -10,379
62 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 183,635183.6k $19.6m $19.6m 0.03% New
63 Members Trust Co 0.63% of their portfolio TAMPA, FL 180,642180.6k $19.3m $19.3m 0.63% Added +1.2k +1,232
64 BIP Wealth, LLC 0.90% of their portfolio ATLANTA, GA 171,057171.1k $18.3m $18.3m 0.90% Added +132.1k +132,053
65 ARKANSAS FINANCIAL GROUP, INC. 2.67% of their portfolio LITTLE ROCK, AR 169,858169.9k $18.1m $18.1m 2.67% Reduced -2.7k -2,688
66 Alesco Advisors, LLC, An ESL Co 0.48% of their portfolio Pittsford, NY 164,691164.7k $17.6m $17.6m 0.48% Added +4.7k +4,697
67 BANK OF HAWAII 0.87% of their portfolio HONOLULU, HI 162,441162.4k $17.3m $17.3m 0.87% Added +151.0k +151,046
68 Freestone Capital Holdings, LLC 0.53% of their portfolio Seattle, WA 160,498160.5k $17.1m $17.1m 0.53% Added +4.1k +4,055
69 Ascent Group, LLC 0.60% of their portfolio VIRGINIA BEACH, VA 159,626159.6k $17.0m $17.0m 0.60% Reduced -10.4k -10,440
70 One Capital Management, LLC 0.54% of their portfolio WESTLAKE VILLAGE, CA 158,730158.7k $16.9m $16.9m 0.54% Added +16.1k +16,050
71 GAMMA Investing LLC 0.90% of their portfolio FOSTER CITY, CA 153,373153.4k $16.4m $16.4m 0.90% Added +12.8k +12,763
72 Merit Financial Group, LLC 0.15% of their portfolio ALPHARETTA, GA 149,926149.9k $16.0m $16.0m 0.15% Added +12.0k +12,049
73 Ellevest, Inc. 2.27% of their portfolio NEW YORK, NY 148,758148.8k $15.9m $15.9m 2.27% Reduced -8.9k -8,860
74 Prime Capital Investment Advisors, LLC 0.19% of their portfolio OVERLAND PARK, KS 141,259141.3k $15.1m $15.1m 0.19% Added +7.2k +7,222
75 BRANDYWINE OAK PRIVATE WEALTH LLC 1.30% of their portfolio Kennett Square, PA 139,819139.8k $14.9m $14.9m 1.30% Reduced -3.5k -3,514
76 Slow Capital, Inc. 1.72% of their portfolio GREENBRAE, CA 136,837136.8k $14.6m $14.6m 1.72% Added +11.0k +10,955
77 BROWN WEALTH MANAGEMENT, LLC 4.05% of their portfolio NAPERVILLE, IL 134,995135.0k $14.4m $14.4m 4.05% Added +9.0k +9,011
78 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.03% of their portfolio London, X0 130,304130.3k $13.9m $13.9m 1.03% Unchanged
79 Sequoia Financial Advisors, LLC 0.08% of their portfolio Akron, OH 128,691128.7k $13.7m $13.7m 0.08% Reduced -6.8k -6,794
80 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 123,396123.4k $13.2m $13.2m 0.01% Added +40.4k +40,376
81 BAILARD, INC. 0.28% of their portfolio Foster City, CA 122,291122.3k $13.1m $13.1m 0.28% Reduced -63.5k -63,454
82 Quantinno Capital Management LP 0.03% of their portfolio NEW YORK, NY 119,950120.0k $12.8m $12.8m 0.03% Added +107.3k +107,281
83 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 119,816119.8k $12.8m $12.8m 0.04% Added +82.7k +82,679
84 COUNTRY CLUB BANK 0.76% of their portfolio KANSAS CITY, MO 119,511119.5k $12.8m $12.8m 0.76% Added +17.3k +17,288
85 Dakota Wealth Management 0.25% of their portfolio PALM BEACH GARDENS, FL 116,236116.2k $12.4m $12.4m 0.25% Reduced -819 -819
86 FLPUTNAM INVESTMENT MANAGEMENT CO 0.18% of their portfolio PORTLAND, ME 115,487115.5k $12.3m $12.3m 0.18% Added +1.2k +1,167
87 Oak Harvest Investment Services 1.40% of their portfolio HOUSTON, TX 112,135112.1k $12.0m $12.0m 1.40% Added +2.6k +2,639
88 Abundance Wealth Counselors 2.04% of their portfolio STATE COLLEGE, PA 111,584111.6k $11.9m $11.9m 2.04% Reduced -12.0k -11,955
89 Grove Bank & Trust 1.36% of their portfolio Miami, FL 109,263109.3k $11.7m $11.7m 1.36% Added +1.8k +1,756
90 Mesirow Financial Investment Management, Inc. 0.21% of their portfolio CHICAGO, IL 108,573108.6k $11.6m $11.6m 0.21% Added +1.1k +1,070
91 Waterway Wealth Management, LLC 2.75% of their portfolio THE WOODLANDS, TX 108,102108.1k $11.5m $11.5m 2.75% Reduced -121.9k -121,917
92 TD PRIVATE CLIENT WEALTH LLC 0.25% of their portfolio NEW YORK, NY 104,286104.3k $11.1m $11.1m 0.25% Added +16.3k +16,279
93 TD Capital Management LLC 0.99% of their portfolio MEMPHIS, TN 103,376103.4k $11.0m $11.0m 0.99% Reduced -10.5k -10,530
94 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 101,526101.5k $10.8m $10.8m 0.03% Reduced -32.1k -32,136
95 Brookstone Capital Management 0.13% of their portfolio WHEATON, IL 100,896100.9k $10.8m $10.8m 0.13% Added +22.9k +22,926
96 SHEETS SMITH WEALTH MANAGEMENT 1.21% of their portfolio WINSTON-SALEM, NC 100,333100.3k $10.7m $10.7m 1.21% Reduced -15.7k -15,734
97 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 98,80598.8k $10.6m $10.6m 0.05% Reduced -36 -36
98 Partners in Financial Planning 1.81% of their portfolio SALEM, VA 97,95598.0k $10.5m $10.5m 1.81% Added +6.5k +6,504
99 FLOW TRADERS U.S. LLC 0.42% of their portfolio NEW YORK, NY 97,42197.4k $10.4m $10.4m 0.42% New
100 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 97,05997.1k $10.4m $10.4m 0.02% Reduced -5.7k -5,716