Vault-13

ISHARES TR IMCB

MRGSTR MD CP ETF · ETP · CUSIP 464288208

203 institutional holders +11 vs Q3 2025
10,529,81810.5m shares reported held*
$871.4mreported value*
17 new 78 added 50 reduced 14 sold out net bought ≈ $120.9m (+1.5m 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 ($279.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $82.75. Options: 1 managers hold calls ($169.4k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 143Q4 22: 152Q1 23: 150Q2 23: 155Q3 23: 157Q4 23: 164Q1 24: 167Q2 24: 183Q3 24: 188Q4 24: 184Q1 25: 176Q2 25: 185Q3 25: 192Q4 25: 203203Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022143
Q4 2022152
Q1 2023150
Q2 2023155
Q3 2023157
Q4 2023164
Q1 2024167
Q2 2024183
Q3 2024188
Q4 2024184
Q1 2025176
Q2 2025185
Q3 2025192
Q4 2025203

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 61 bought or addedQ1 24: 53 cut or sold outQ2 24: 68 bought or addedQ2 24: 66 cut or sold outQ2 24Q3 24: 73 bought or addedQ3 24: 65 cut or sold outQ4 24: 68 bought or addedQ4 24: 71 cut or sold outQ4 24Q1 25: 65 bought or addedQ1 25: 67 cut or sold outQ2 25: 85 bought or addedQ2 25: 51 cut or sold outQ2 25Q3 25: 95 bought or addedQ3 25: 56 cut or sold outQ4 25: 95 bought or addedQ4 25: 64 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246153
Q2 20246866
Q3 20247365
Q4 20246871
Q1 20256567
Q2 20258551
Q3 20259556
Q4 20259564

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 25 calls: $238.5kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $380.1kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $383.4kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $169.4kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$238.5k$00.00
Q2 2025$380.1k$00.00
Q3 2025$383.4k$00.00
Q4 2025$169.4k$00.00

Biggest buyers

HighTower Advisors, LLC Added +1,799,387+1.8m
MORGAN STANLEY Added +228,216+228.2k
RAYMOND JAMES FINANCIAL INC Added +181,661+181.7k
Fortitude Financial, LLC New +174,666+174.7k
WELLS FARGO & COMPANY/MN Added +122,352+122.4k
Stratos Wealth Partners, LTD. Added +56,413+56.4k
Kestra Advisory Services, LLC Added +55,978+56.0k
ROYAL BANK OF CANADA Added +36,281+36.3k
JANE STREET GROUP, LLC New +19,834+19.8k
MEANS INVESTMENT CO., INC. Added +16,966+17.0k

Biggest sellers

RMG Wealth Management LLC Sold out -1,129,819-1.1m
VestGen Advisors, LLC Reduced -53,080-53.1k
Cetera Investment Advisers Reduced -42,878-42.9k
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV Reduced -23,283-23.3k
JPMORGAN CHASE & CO Reduced -22,643-22.6k
LPL Financial LLC Reduced -15,558-15.6k
FLAGSTAR SECURITIES, INC Reduced -12,255-12.3k
AMERIPRISE FINANCIAL INC Reduced -11,411-11.4k
ENVESTNET ASSET MANAGEMENT INC Reduced -11,338-11.3k
CITADEL ADVISORS LLC Sold out -7,829-7.8k

Biggest calls

GROUP ONE TRADING LLC Reduced $169.4k3.1k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HighTower Advisors, LLC 0.17% of their portfolio CHICAGO, IL 1,846,3271.8m $152.7m $152.7m 0.17% Added +1.8m +1,799,387
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,501,5491.5m $124.2m $124.2m 0.01% Added +228.2k +228,216
3 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,331,7601.3m $110.2m $110.2m 0.02% Added +10.4k +10,355
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 498,208498.2k $41.2m $41.2m 0.01% Added +181.7k +181,661
5 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 456,261456.3k $37.7m $37.7m 0.01% Reduced -15.6k -15,558
6 MEANS INVESTMENT CO., INC. 2.98% of their portfolio BANGOR, ME 428,013428.0k $35.4m $35.4m 2.98% Added +17.0k +16,966
7 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 237,483237.5k $19.6m $19.6m 0.02% Reduced -42.9k -42,878
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 204,827204.8k $16.9m $16.9m 0.00% Added +122.4k +122,352
9 Steele Capital Management, Inc. 0.67% of their portfolio DUBUQUE, IA 189,190189.2k $15.7m $15.7m 0.67% Added +2.2k +2,190
10 Matrix Trust Co 2.58% of their portfolio DENVER, CO 189,190189.2k $15.7m $15.7m 2.58% Added +2.2k +2,192
11 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 179,461179.5k $14.8m $14.8m 0.02% Reduced -6.5k -6,528
12 CREATIVE FINANCIAL DESIGNS INC /ADV 0.94% of their portfolio KOKOMO, IN 179,442179.4k $14.8m $14.8m 0.94% Added +11.2k +11,167
13 Fortitude Financial, LLC 12.26% of their portfolio Spokane, WA 174,666174.7k $14.5m $14.5m 12.26% New
14 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 161,135161.1k $13.3m $13.3m 0.00% Reduced -11.4k -11,411
15 Stratos Wealth Partners, LTD. 0.13% of their portfolio BEACHWOOD, OH 137,663137.7k $11.4m $11.4m 0.13% Added +56.4k +56,413
16 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 123,175123.2k $10.2m $10.2m 0.02% Reduced -1.1k -1,100
17 Northwest Wealth Advisors, LLC 7.60% of their portfolio BELLINGHAM, WA 117,988118.0k $9.8m $9.8m 7.60% First filing
18 Aptus Capital Advisors, LLC 0.08% of their portfolio FAIRHOPE, AL 116,957117.0k $9.7m $9.7m 0.08% Added +3.7k +3,723
19 Sunburst Financial Group, LLC 1.93% of their portfolio VESTAVIA HILLS, AL 115,163115.2k $9.5m $9.5m 1.93% Added +3.7k +3,723
20 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 112,761112.8k $9.3m $9.3m 0.01% Reduced -5.8k -5,811
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 109,533109.5k $9.1m $9.1m 0.00% Added +13.1k +13,076
22 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 106,973107.0k $8.8m $8.8m 0.00% Added +36.3k +36,281
23 Farther Finance Advisors, LLC 0.09% of their portfolio SAN FRANCISCO, CA 105,378105.4k $8.7m $8.7m 0.09% Added +16.7k +16,657
24 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 101,891101.9k $8.4m $8.4m 0.03% Added +56.0k +55,978
25 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 83,39283.4k $6.9m $6.9m 0.02% Reduced -4.5k -4,471
26 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 73,95774.0k $6.1m $6.1m 0.01% Added +339 +339
27 PACIFIC FINANCIAL GROUP INC 3.14% of their portfolio NASHVILLE, TN 68,22068.2k $5.6m $5.6m 3.14% Added +8.1k +8,105
28 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 66,41966.4k $5.5m $5.5m 0.00% Reduced -11.3k -11,338
29 YARGER WEALTH STRATEGIES, LLC 2.36% of their portfolio WESTERVILLE, OH 66,27866.3k $5.5m $5.5m 2.36% Reduced -2.9k -2,875
30 Gladstone Institutional Advisory LLC 0.20% of their portfolio Bedminster, NJ 64,13064.1k $5.3m $5.3m 0.20% Reduced -2.5k -2,492
31 Carnegie Investment Counsel 0.09% of their portfolio PEPPER PIKE, OH 60,46860.5k $5.0m $5.0m 0.09% Added +4.8k +4,792
32 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 54,15354.2k $4.5m $4.5m 0.01% Reduced -4.3k -4,330
33 Bedel Financial Consulting, Inc. 0.48% of their portfolio INDIANAPOLIS, IN 53,73553.7k $4.4m $4.4m 0.48% Added +3.4k +3,433
34 Summit Financial, LLC 0.05% of their portfolio PARSIPPANY, NJ 44,87844.9k $3.7m $3.7m 0.05% Added +4.0k +3,959
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 43,38043.4k $3.6m $3.6m 0.00% Unchanged
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 41,25441.3k $3.4m $3.4m 0.00% Added +6.6k +6,597
37 Goldstein Advisors, LLC 0.36% of their portfolio Madison, WI 38,34138.3k $3.2m $3.2m 0.36% Reduced -1.2k -1,156
38 Sowell Financial Services LLC 0.12% of their portfolio NORTH LITTLE ROCK, AR 37,89137.9k $3.1m $3.1m 0.12% Reduced -46 -46
39 Brand Asset Management Group, Inc. 0.83% of their portfolio CHESTERFIELD, MO 36,08036.1k $3.0m $3.0m 0.83% Reduced -678 -678
40 GTS SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 35,16835.2k $2.9m $2.9m 0.10% Reduced -1.5k -1,488
41 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 34,80234.8k $2.9m $2.9m 0.02% Reduced -1.2k -1,198
42 United Advisor Group, LLC 0.33% of their portfolio CINCINNATI, OH 31,22331.2k $2.6m $2.6m 0.33% Added +667 +667
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 30,45730.5k $2.6m $2.6m 0.00% Added +20 +20
44 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 29,70029.7k $2.5m $2.5m 0.00% Added +364 +364
45 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 28,90628.9k $2.4m $2.4m 0.00% Added +5.1k +5,092
46 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 27,65927.7k $2.3m $2.3m 0.02% Added +311 +311
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 27,31127.3k $2.3m $2.3m 0.00% Reduced -22.6k -22,643
48 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 0.32% of their portfolio BERMUDA RUN, NC 24,51424.5k $2.0m $2.0m 0.32% Reduced -23.3k -23,283
49 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 20,97921.0k $1.7m $1.7m 0.00% Added +48 +48
50 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 19,83419.8k $1.6m $1.6m 0.00% New
51 PARSONS CAPITAL MANAGEMENT INC/RI 0.08% of their portfolio PROVIDENCE, RI 17,19817.2k $1.4m $1.4m 0.08% Reduced -300 -300
52 JIM SAULNIER & ASSOCIATES, LLC 0.72% of their portfolio FORT COLLINS, CO 16,79716.8k $1.4m $1.4m 0.72% Added +208 +208
53 Pitti Group Wealth Management, LLC 1.11% of their portfolio VICTOR, NY 16,26616.3k $1.3m $1.3m 1.11% Added +238 +238
54 VestGen Advisors, LLC 0.06% of their portfolio CHICAGO, IL 15,76715.8k $1.3m $1.3m 0.06% Reduced -53.1k -53,080
55 FMR LLC 0.00% of their portfolio BOSTON, MA 15,63215.6k $1.3m $1.3m 0.00% Added +957 +957
56 CWM, LLC 0.00% of their portfolio OMAHA, NE 14,37714.4k $1.2m $1.2m 0.00% Added +444 +444
57 Bleakley Financial Group, LLC 0.02% of their portfolio PARSIPPANY, NJ 14,28314.3k $1.2m $1.2m 0.02% New
58 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 13,07513.1k $1.1m $1.1m 0.03% Reduced -70 -70
59 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 13,04113.0k $1.1m $1.1m 0.00% Added +6.3k +6,305
60 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 11,90811.9k $985.2k $985.2k 0.01% Added +26 +26
61 S.A. Mason LLC 0.38% of their portfolio HOLLAND, MI 11,66811.7k $965.3k $965.3k 0.38% Reduced -375 -375
62 Apella Capital, LLC 0.02% of their portfolio WEST HARTFORD, CT 11,53211.5k $954.0k $954.0k 0.02% Unchanged
63 FLAGSTAR SECURITIES, INC 0.32% of their portfolio New York, NY 11,40911.4k $943.9k $943.9k 0.32% Reduced -12.3k -12,255
64 Rede Wealth, LLC 0.33% of their portfolio CHARLOTTESVILLE, VA 11,35711.4k $939.6k $939.6k 0.33% New
65 American Trust 0.07% of their portfolio LEXINGTON, KY 10,44310.4k $863.9k $863.9k 0.07% Reduced -1.7k -1,687
66 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,22910.2k $846.0k $846.0k 0.00% Reduced -1.3k -1,260
67 Liberty Capital Management, Inc. 0.16% of their portfolio BIRMINGHAM, MI 10,20010.2k $843.8k $843.8k 0.16% Unchanged
68 Edge Financial Advisors LLC 0.35% of their portfolio WHEATON, IL 10,13210.1k $838.2k $838.2k 0.35% Added +261 +261
69 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 9,7339.7k $805.2k $805.2k 0.01% Reduced -29 -29
70 Summit Asset Management, LLC 0.11% of their portfolio MEMPHIS, TN 9,5549.6k $790.4k $790.4k 0.11% Reduced -301 -301
71 Ameritas Investment Partners, Inc. 0.02% of their portfolio LINCOLN, NE 9,4079.4k $778.2k $778.2k 0.02% Added +15 +15
72 Opulen Financial Group LLC 0.56% of their portfolio ARLINGTON, VA 9,2869.3k $768.2k $768.2k 0.56% Added +2.1k +2,134
73 TRUEFG, LLC 0.19% of their portfolio CEDAR PARK, TX 8,6198.6k $713.0k $713.0k 0.19% Reduced -190 -190
74 Diversify Advisory Services, LLC 0.02% of their portfolio SANDY, UT 8,5408.5k $735.3k $735.3k 0.02% Reduced -20 -20
75 Capital Planning Advisors, LLC 0.09% of their portfolio Roseville, CA 8,5378.5k $706.3k $706.3k 0.09% Added +522 +522
76 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 8,0378.0k $664.9k $664.9k 0.01% Reduced -3.7k -3,749
77 Financial Perspectives, Inc 0.18% of their portfolio MINNEAPOLIS, MN 8,0368.0k $664.9k $664.9k 0.18% Added +1.7k +1,653
78 Geneos Wealth Management Inc. 0.02% of their portfolio ENGLEWOOD, CO 8,0198.0k $663.4k $663.4k 0.02% Added +2.7k +2,659
79 Triad Wealth Partners, LLC 0.06% of their portfolio LAWRENCE, KS 8,0048.0k $662.2k $662.2k 0.06% Added +372 +372
80 Hilltop Holdings Inc. 0.04% of their portfolio DALLAS, TX 7,9538.0k $658.0k $658.0k 0.04% Added +282 +282
81 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 7,7287.7k $639.3k $639.3k 0.01% Reduced -2.2k -2,180
82 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,3167.3k $605.3k $605.3k 0.00% Added +195 +195
83 Three Seasons Wealth, LLC 0.05% of their portfolio SALT LAKE CITY, UT 6,8616.9k $567.6k $567.6k 0.05% Added +112 +112
84 SB Capital Management Inc 0.20% of their portfolio ENCINO, CA 6,7566.8k $558.9k $558.9k 0.20% First filing
85 LAWOOD & CO 0.53% of their portfolio WILLIAMSPORT, PA 6,7366.7k $557.3k $557.3k 0.53% First filing
86 Compound Planning, Inc. 0.02% of their portfolio NEW YORK, NY 6,6376.6k $549.1k $549.1k 0.02% Unchanged
87 Haverford Trust Co 0.00% of their portfolio Radnor, PA 6,6016.6k $546.1k $546.1k 0.00% Added +44 +44
88 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 6,5436.5k $541.3k $541.3k 0.00% Reduced -1.2k -1,160
89 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 6,4966.5k $537.4k $537.4k 0.01% Unchanged
90 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 6,4626.5k $534.6k $534.6k 0.01% Reduced -402 -402
91 COMERICA BANK 0.00% of their portfolio DALLAS, TX 6,4076.4k $530.1k $530.1k 0.00% Added +389 +389
92 GWN SECURITIES INC. 0.11% of their portfolio Palm Beach Gardens, FL 6,3656.4k $526.6k $526.6k 0.11% New
93 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 6,1546.2k $509.1k $509.1k 0.02% Unchanged
94 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 5,6655.7k $468.7k $468.7k 0.01% Added +158 +158
95 Financial Futures Ltd Liability Co. 0.21% of their portfolio BRIELLE, NJ 5,5615.6k $460.1k $460.1k 0.21% Reduced -25 -25
96 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 5,3945.4k $446.2k $446.2k 0.00% Unchanged
97 Kaydan Wealth Management, Inc. 0.13% of their portfolio FENTON, MI 5,3925.4k $446.1k $446.1k 0.13% Unchanged
98 STEINBERGANNA WEALTH MANAGEMENT 0.21% of their portfolio HUNTINGTON, NY 5,3375.3k $441.5k $441.5k 0.21% Added +4 +4
99 Hoxton Planning & Management, LLC 0.13% of their portfolio SHEPHERDSTOWN, WV 5,1975.2k $429.9k $429.9k 0.13% Added +177 +177
100 Vise Technologies, Inc. 0.01% of their portfolio NEW YORK, NY 4,9785.0k $411.8k $411.8k 0.01% Unchanged