Vault-13

ISHARES TR SUB

SHRT NAT MUN ETF · ETP · CUSIP 464288158

868 institutional holders +28 vs Q3 2025
81,910,99981.9m shares reported held*
$8.7bnreported value*
49 new 393 added 251 reduced 49 sold out net bought ≈ $267.6m (+2.5m 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 ($22.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.21.

Trends to Q4 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: 840Q4 25: 868868Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025868

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 24: 337 bought or addedQ1 24: 377 cut or sold outQ2 24: 339 bought or addedQ2 24: 359 cut or sold outQ2 24Q3 24: 351 bought or addedQ3 24: 339 cut or sold outQ4 24: 404 bought or addedQ4 24: 298 cut or sold outQ4 24Q1 25: 390 bought or addedQ1 25: 365 cut or sold outQ2 25: 431 bought or addedQ2 25: 339 cut or sold outQ2 25Q3 25: 416 bought or addedQ3 25: 319 cut or sold outQ4 25: 442 bought or addedQ4 25: 300 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024337377
Q2 2024339359
Q3 2024351339
Q4 2024404298
Q1 2025390365
Q2 2025431339
Q3 2025416319
Q4 2025442300

Biggest buyers

ALLSTATE CORP Added +1,500,244+1.5m
BANK OF AMERICA CORP /DE/ Added +796,577+796.6k
MERCER GLOBAL ADVISORS INC /ADV Added +723,145+723.1k
CITIGROUP INC Added +149,905+149.9k
FIRST NATIONAL BANK OF OMAHA New +124,661+124.7k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +113,764+113.8k
LPL Financial LLC Added +105,119+105.1k
Corient Private Wealth LP Added +92,461+92.5k
BAILARD, INC. Added +77,237+77.2k
Altiora Financial Group, LLC Added +76,229+76.2k

Biggest sellers

MORGAN STANLEY Reduced -818,445-818.4k
JPMORGAN CHASE & CO Reduced -628,867-628.9k
RENAISSANCE TECHNOLOGIES LLC Sold out -415,800-415.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -183,635-183.6k
Bank of New York Mellon Corp Reduced -163,072-163.1k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -141,708-141.7k
FLOW TRADERS U.S. LLC Reduced -93,954-94.0k
JANE STREET GROUP, LLC Sold out -86,303-86.3k
OLD NATIONAL BANCORP /IN/ Reduced -81,216-81.2k
Tower Research Capital LLC (TRC) Reduced -55,695-55.7k

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MERCER GLOBAL ADVISORS INC /ADV 1.38% of their portfolio DENVER, CO 8,489,2748.5m $905.8m $905.8m 1.38% Added +723.1k +723,145
2 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 8,326,3518.3m $888.4m $888.4m 0.06% Added +796.6k +796,577
3 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 5,673,8615.7m $605.4m $605.4m 0.04% Reduced -818.4k -818,445
4 Bank of New York Mellon Corp 0.10% of their portfolio NEW YORK, NY 5,146,6355.1m $549.1m $549.1m 0.10% Reduced -163.1k -163,072
5 Creative Planning 0.21% of their portfolio OVERLAND PARK, KS 2,813,4392.8m $300.2m $300.2m 0.21% Added +59.9k +59,945
6 SEI INVESTMENTS CO 0.29% of their portfolio OAKS, PA 2,797,8262.8m $298.5m $298.5m 0.29% Added +43.2k +43,189
7 ALLSTATE CORP 2.26% of their portfolio NORTHBROOK, IL 1,547,7441.5m $165.1m $165.1m 2.26% Added +1.5m +1,500,244
8 CITIGROUP INC 0.10% of their portfolio NEW YORK, NY 1,392,7581.4m $148.6m $148.6m 0.10% Added +149.9k +149,905
9 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 1,388,3451.4m $148.1m $148.1m 0.09% Added +65.4k +65,447
10 TIAA TRUST, NATIONAL ASSOCIATION 0.33% of their portfolio CHARLOTTE, NC 1,287,3471.3m $137.4m $137.4m 0.33% Reduced -141.7k -141,708
11 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 1,270,0791.3m $135.5m $135.5m 0.03% Added +14.4k +14,450
12 CAPTRUST FINANCIAL ADVISORS 0.25% of their portfolio RALEIGH, NC 1,252,4351.3m $133.6m $133.6m 0.25% Added +27.8k +27,839
13 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,179,0851.2m $125.8m $125.8m 0.02% Added +64.7k +64,717
14 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,033,4621.0m $110.3m $110.3m 0.03% Added +105.1k +105,119
15 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,026,1041.0m $109.6m $109.6m 0.02% Added +6.2k +6,233
16 Mariner, LLC 0.11% of their portfolio Overland Park, KS 873,911873.9k $93.2m $93.2m 0.11% Added +36.1k +36,092
17 Robinhood Asset Management, LLC 6.53% of their portfolio MENLO PARK, CA 767,635767.6k $81.9m $81.9m 6.53% First filing
18 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 694,485694.5k $74.1m $74.1m 0.02% Added +25.1k +25,072
19 NISA INVESTMENT ADVISORS, LLC 0.24% of their portfolio ST. LOUIS, MO 674,815674.8k $72.0m $72.0m 0.24% Added +32.2k +32,165
20 Salomon & Ludwin, LLC 6.26% of their portfolio RICHMOND, VA 663,262663.3k $70.9m $70.9m 6.26% Added +27.3k +27,347
21 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 662,627662.6k $70.7m $70.7m 0.03% Added +52.8k +52,821
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 640,659640.7k $68.4m $68.4m 0.00% Reduced -628.9k -628,867
23 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 614,591614.6k $65.6m $65.6m 0.09% Added +4.9k +4,877
24 Allworth Financial LP 0.26% of their portfolio FOLSOM, CA 600,735600.7k $64.1m $64.1m 0.26% Added +9.6k +9,649
25 Focus Partners Wealth 0.07% of their portfolio ST LOUIS, MO 547,619547.6k $58.4m $58.4m 0.07% Added +31.8k +31,819
26 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 540,978541.0k $57.7m $57.7m 0.01% Added +19.3k +19,315
27 US BANCORP \DE\ 0.07% of their portfolio MINNEAPOLIS, MN 530,406530.4k $56.6m $56.6m 0.07% Reduced -8.5k -8,545
28 Heritage Investment Group, Inc. 8.51% of their portfolio POMPANO BEACH, FL 524,218524.2k $55.9m $55.9m 8.51% Added +31.0k +31,008
29 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 521,665521.7k $55.7m $55.7m 0.02% Added +7.9k +7,904
30 Crestwood Advisors Group, LLC 0.90% of their portfolio BOSTON, MA 508,002508.0k $54.2m $54.2m 0.90% Added +45.9k +45,908
31 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 496,911496.9k $53.0m $53.0m 0.06% Added +20.0k +19,997
32 John A. Wolfe & Associates, Inc. 0.15% of their portfolio PORTAGE, MI 486,884486.9k $270.6k $270.6k 0.15% First filing
33 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 477,090477.1k $50.9m $50.9m 0.07% Added +50.2k +50,215
34 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 426,330426.3k $45.5m $45.5m 0.01% Reduced -2.4k -2,362
35 Truepoint, Inc. 1.02% of their portfolio CINCINNATI, OH 425,683425.7k $45.4m $45.4m 1.02% Added +12.7k +12,650
36 WIT, LLC 0.90% of their portfolio DISTRICT OF COLUMBIA, DC 418,588418.6k $44.7m $44.7m 0.90% Unchanged
37 Apella Capital, LLC 0.87% of their portfolio WEST HARTFORD, CT 411,059411.1k $43.9m $43.9m 0.87% Added +13.4k +13,389
38 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 354,080354.1k $37.8m $37.8m 0.01% Reduced -8.2k -8,193
39 Orion Porfolio Solutions, LLC 0.27% of their portfolio OMAHA, NE 349,645349.6k $37.3m $37.3m 0.27% Added +28.1k +28,141
40 Beacon Pointe Advisors, LLC 0.26% of their portfolio NEWPORT BEACH, CA 344,839344.8k $36.8m $36.8m 0.26% Added +3.1k +3,146
41 DGS Capital Management, LLC 6.17% of their portfolio JERSEY CITY, NJ 337,218337.2k $36.0m $36.0m 6.17% Added +25.1k +25,067
42 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 315,642315.6k $33.7m $33.7m 0.03% Reduced -11.4k -11,444
43 Rockefeller Capital Management L.P. 0.06% of their portfolio NEW YORK, NY 292,949292.9k $31.3m $31.3m 0.06% Added +20.6k +20,606
44 RMR Wealth Builders 2.46% of their portfolio Montclair, NJ 288,038288.0k $30.7m $30.7m 2.46% Added +16.7k +16,729
45 Willis Johnson & Associates, Inc. 1.89% of their portfolio Houston, TX 287,811287.8k $30.7m $30.7m 1.89% Added +2.2k +2,217
46 OLD NATIONAL BANCORP /IN/ 0.50% of their portfolio EVANSVILLE, IN 281,586281.6k $30.0m $30.0m 0.50% Reduced -81.2k -81,216
47 Gross & Hartman Investments LLC 16.77% of their portfolio LEOLA, PA 275,798275.8k $29.4m $29.4m 16.77% First filing
48 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 264,654264.7k $28.3m $28.3m 0.04% Added +22.8k +22,783
49 CITIZENS FINANCIAL GROUP INC/RI 0.38% of their portfolio PROVIDENCE, RI 262,501262.5k $28.0m $28.0m 0.38% Reduced -750 -750
50 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 262,290262.3k $28.0m $28.0m 0.04% Reduced -16.3k -16,273
51 CAHABA WEALTH MANAGEMENT, INC. 1.94% of their portfolio Atlanta, GA 261,553261.6k $27.9m $27.9m 1.94% Added +15.3k +15,279
52 RITHOLTZ WEALTH MANAGEMENT 0.51% of their portfolio NEW YORK, NY 261,430261.4k $27.9m $27.9m 0.51% Added +2.3k +2,343
53 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 260,295260.3k $27.8m $27.8m 0.03% Added +9.4k +9,378
54 Modera Wealth Management, LLC 0.31% of their portfolio WESTWOOD, NJ 252,622252.6k $27.0m $27.0m 0.31% Added +7.6k +7,583
55 EP Wealth Advisors, LLC 0.14% of their portfolio TORRANCE, CA 245,347245.3k $26.2m $26.2m 0.14% First filing
56 Safe Harbor Family Capital, LLC 21.64% of their portfolio CHAPEL HILL, NC 230,806230.8k $24.6m $24.6m 21.64% First filing
57 CIBC Private Wealth Group LLC 0.04% of their portfolio ATLANTA, GA 225,669225.7k $24.1m $24.1m 0.04% Added +4.6k +4,622
58 LVW Advisors, LLC 2.35% of their portfolio PITTSFORD, NY 217,652217.7k $23.2m $23.2m 2.35% Added +1.5k +1,547
59 Freestone Capital Holdings, LLC 0.63% of their portfolio Seattle, WA 200,560200.6k $21.4m $21.4m 0.63% Added +40.1k +40,062
60 BAILARD, INC. 0.47% of their portfolio Foster City, CA 199,528199.5k $21.3m $21.3m 0.47% Added +77.2k +77,237
61 Betterment LLC 0.04% of their portfolio NEW YORK, NY 199,422199.4k $21.3m $21.3m 0.04% Reduced -6.3k -6,322
62 Composition Wealth, LLC 0.30% of their portfolio LOS ANGELES, CA 197,312197.3k $21.1m $21.1m 0.30% Added +7.1k +7,116
63 Carnegie Investment Counsel 0.39% of their portfolio PEPPER PIKE, OH 195,892195.9k $20.9m $20.9m 0.39% Reduced -944 -944
64 MATHER GROUP, LLC. 0.21% of their portfolio CHICAGO, IL 193,926193.9k $20.7m $20.7m 0.21% Added +9.4k +9,426
65 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 189,520189.5k $20.2m $20.2m 0.01% Added +92.5k +92,461
66 Legacy Edge Advisors, LLC 2.20% of their portfolio SYOSSET, NY 188,645188.6k $20.1m $20.1m 2.20% Reduced -430 -430
67 Members Trust Co 0.63% of their portfolio TAMPA, FL 179,789179.8k $19.2m $19.2m 0.63% Reduced -853 -853
68 BIP Wealth, LLC 0.67% of their portfolio ATLANTA, GA 178,009178.0k $19.0m $19.0m 0.67% Added +7.0k +6,952
69 Ascent Group, LLC 0.64% of their portfolio VIRGINIA BEACH, VA 176,345176.3k $18.8m $18.8m 0.64% Added +16.7k +16,719
70 Alesco Advisors, LLC, An ESL Co 0.48% of their portfolio Pittsford, NY 175,005175.0k $18.7m $18.7m 0.48% Added +10.3k +10,314
71 ARKANSAS FINANCIAL GROUP, INC. 2.68% of their portfolio LITTLE ROCK, AR 174,281174.3k $18.6m $18.6m 2.68% Added +4.4k +4,423
72 One Capital Management, LLC 0.54% of their portfolio WESTLAKE VILLAGE, CA 168,082168.1k $17.9m $17.9m 0.54% Added +9.4k +9,352
73 Ellevest, Inc. 2.35% of their portfolio NEW YORK, NY 159,210159.2k $17.0m $17.0m 2.35% Added +10.5k +10,452
74 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.63% of their portfolio BOSTON, MA 159,194159.2k $17.0m $17.0m 0.63% Reduced -54.8k -54,762
75 Merit Financial Group, LLC 0.14% of their portfolio ALPHARETTA, GA 158,478158.5k $16.9m $16.9m 0.14% Added +8.6k +8,552
76 COMERICA BANK 0.07% of their portfolio DALLAS, TX 156,602156.6k $16.7m $16.7m 0.07% Reduced -27.6k -27,555
77 GAMMA Investing LLC 0.83% of their portfolio FOSTER CITY, CA 154,590154.6k $16.5m $16.5m 0.83% Added +1.2k +1,217
78 BANK OF HAWAII 0.80% of their portfolio HONOLULU, HI 151,440151.4k $16.2m $16.2m 0.80% Reduced -11.0k -11,001
79 BROWN WEALTH MANAGEMENT, LLC 4.21% of their portfolio NAPERVILLE, IL 150,034150.0k $16.0m $16.0m 4.21% Added +15.0k +15,039
80 Prime Capital Investment Advisors, LLC 0.19% of their portfolio OVERLAND PARK, KS 146,677146.7k $15.7m $15.7m 0.19% Added +5.4k +5,418
81 Dakota Wealth Management 0.27% of their portfolio PALM BEACH GARDENS, FL 144,633144.6k $15.4m $15.4m 0.27% Added +28.4k +28,397
82 Slow Capital, Inc. 1.79% of their portfolio GREENBRAE, CA 140,319140.3k $15.0m $15.0m 1.79% Added +3.5k +3,482
83 BRANDYWINE OAK PRIVATE WEALTH LLC 1.23% of their portfolio Kennett Square, PA 136,832136.8k $14.6m $14.6m 1.23% Reduced -3.0k -2,987
84 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 136,201136.2k $14.5m $14.5m 0.01% Added +12.8k +12,805
85 TD PRIVATE CLIENT WEALTH LLC 0.30% of their portfolio NEW YORK, NY 132,212132.2k $14.1m $14.1m 0.30% Added +27.9k +27,926
86 Glenview Trust Co 0.22% of their portfolio Louisville, KY 130,662130.7k $13.9m $13.9m 0.22% Added +70.6k +70,621
87 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.04% of their portfolio London, X0 130,304130.3k $13.9m $13.9m 1.04% Unchanged
88 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 128,990129.0k $13.8m $13.8m 0.03% Added +27.5k +27,464
89 FIRST NATIONAL BANK OF OMAHA 0.39% of their portfolio OMAHA, NE 124,661124.7k $13.3m $13.3m 0.39% New
90 Sequoia Financial Advisors, LLC 0.07% of their portfolio Akron, OH 122,239122.2k $13.0m $13.0m 0.07% Reduced -6.5k -6,452
91 Oak Harvest Investment Services 1.41% of their portfolio HOUSTON, TX 120,817120.8k $12.9m $12.9m 1.41% Added +8.7k +8,682
92 FLPUTNAM INVESTMENT MANAGEMENT CO 0.18% of their portfolio PORTLAND, ME 118,892118.9k $12.7m $12.7m 0.18% Added +3.4k +3,405
93 M&T Bank Corp 0.04% of their portfolio BUFFALO, NY 118,032118.0k $12.6m $12.6m 0.04% Added +30.1k +30,150
94 Abundance Wealth Counselors 2.12% of their portfolio STATE COLLEGE, PA 117,465117.5k $12.5m $12.5m 2.12% Added +5.9k +5,881
95 Quantinno Capital Management LP 0.02% of their portfolio NEW YORK, NY 115,639115.6k $12.3m $12.3m 0.02% Reduced -4.3k -4,311
96 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 113,764113.8k $12.1m $12.1m 0.00% New
97 Grove Bank & Trust 1.36% of their portfolio Miami, FL 113,700113.7k $12.1m $12.1m 1.36% Added +4.4k +4,437
98 Brookstone Capital Management 0.14% of their portfolio WHEATON, IL 111,061111.1k $11.9m $11.9m 0.14% Added +10.2k +10,165
99 Mesirow Financial Investment Management, Inc. 0.24% of their portfolio CHICAGO, IL 110,894110.9k $11.8m $11.8m 0.24% Added +2.3k +2,321
100 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 110,682110.7k $11.8m $11.8m 0.03% Added +19.2k +19,238