Vault-13

ISHARES TR ACWX

MSCI ACWI EX US · ETP · CUSIP 464288240

537 institutional holders +37 vs Q1 2025
72,695,92972.7m shares reported held*
$4.4bnreported value*
55 new 198 added 152 reduced 22 sold out net bought ≈ $399.1m (+6.4m 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 ($3.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.09.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 367Q4 22: 424Q1 23: 409Q2 23: 418Q3 23: 427Q4 23: 462Q1 24: 443Q2 24: 454Q3 24: 461Q4 24: 501Q1 25: 500Q2 25: 537537Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022367
Q4 2022424
Q1 2023409
Q2 2023418
Q3 2023427
Q4 2023462
Q1 2024443
Q2 2024454
Q3 2024461
Q4 2024501
Q1 2025500
Q2 2025537

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 161 bought or addedQ3 23: 155 cut or sold outQ4 23: 197 bought or addedQ4 23: 165 cut or sold outQ4 23Q1 24: 142 bought or addedQ1 24: 209 cut or sold outQ2 24: 207 bought or addedQ2 24: 167 cut or sold outQ2 24Q3 24: 156 bought or addedQ3 24: 185 cut or sold outQ4 24: 245 bought or addedQ4 24: 155 cut or sold outQ4 24Q1 25: 184 bought or addedQ1 25: 212 cut or sold outQ2 25: 253 bought or addedQ2 25: 174 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023161155
Q4 2023197165
Q1 2024142209
Q2 2024207167
Q3 2024156185
Q4 2024245155
Q1 2025184212
Q2 2025253174

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ3 24 calls: $0Q3 24 puts: $309.0kQ3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $5.5kQ1 25 puts: $72.1kQ1 25P/C 13.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$309.0k—
Q4 2024$0$0—
Q1 2025$5.5k$72.1k13.00
Q2 2025$0$0—

Biggest buyers

ROYAL BANK OF CANADA Added +2,575,304+2.6m
Merit Financial Group, LLC Added +898,849+898.8k
CITADEL ADVISORS LLC Added +597,054+597.1k
MORGAN STANLEY Added +455,614+455.6k
Resolute Advisors LLC New +455,000+455.0k
AMERIPRISE FINANCIAL INC Added +390,483+390.5k
Ensign Peak Advisors, Inc New +371,531+371.5k
FLOW TRADERS U.S. LLC New +331,661+331.7k
JPMORGAN CHASE & CO Added +321,797+321.8k
Atlantic Union Bankshares Corp New +293,995+294.0k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -565,883-565.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -541,293-541.3k
BlackRock, Inc. Reduced -430,916-430.9k
JANE STREET GROUP, LLC Reduced -278,685-278.7k
OLD MISSION CAPITAL LLC Reduced -175,775-175.8k
CAPTRUST FINANCIAL ADVISORS Reduced -170,391-170.4k
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Reduced -170,010-170.0k
THORNBURG INVESTMENT MANAGEMENT INC Reduced -168,034-168.0k
UBS Group AG Reduced -151,267-151.3k
FMR LLC Reduced -141,930-141.9k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 5,351,8185.4m $326.1m $326.1m 0.03% Reduced -565.9k -565,883
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 4,476,3544.5m $272.8m $272.8m 0.02% Added +455.6k +455,614
3 BlackRock, Inc. 0.01% of their portfolio New York, NY 4,312,7574.3m $262.8m $262.8m 0.01% Reduced -430.9k -430,916
4 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 2,839,0742.8m $173.0m $173.0m 0.02% Added +2.6m +2,575,304
5 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,692,9352.7m $164.1m $164.1m 0.03% Reduced -151.3k -151,267
6 Merit Financial Group, LLC 1.78% of their portfolio ALPHARETTA, GA 2,611,5492.6m $159.1m $159.1m 1.78% Added +898.8k +898,849
7 GERMAN AMERICAN BANCORP, INC. 9.34% of their portfolio JASPER, IN 1,569,7541.6m $95.7m $95.7m 9.34% Reduced -6.8k -6,757
8 Focus Partners Wealth 0.20% of their portfolio ST LOUIS, MO 1,497,9151.5m $91.3m $91.3m 0.20% Added +76.7k +76,661
9 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,459,6691.5m $88.9m $88.9m 0.02% Added +390.5k +390,483
10 Sageworth Trust Co 4.92% of their portfolio LANCASTER, PA 1,456,8711.5m $88.8m $88.8m 4.92% Reduced -22.7k -22,719
11 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,184,3961.2m $72.2m $72.2m 0.01% Reduced -38.1k -38,139
12 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,177,7091.2m $71.8m $71.8m 0.02% Added +131.1k +131,071
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,159,7331.2m $70.7m $70.7m 0.00% Added +321.8k +321,797
14 REGIONS FINANCIAL CORP 0.44% of their portfolio BIRMINGHAM, AL 1,055,9571.1m $64.4m $64.4m 0.44% Reduced -80.0k -80,032
15 Cliffwater LLC 13.14% of their portfolio MARINA DEL REY, CA 1,048,6211.0m $63.9m $63.9m 13.14% Reduced -50.1k -50,056
16 Glenmede Investment Management, LP 0.32% of their portfolio PHILADELPHIA, PA 1,041,1961.0m $63.5m $63.5m 0.32% First filing
17 Winthrop Advisory Group LLC 5.69% of their portfolio BOSTON, MA 968,519968.5k $59.0m $59.0m 5.69% Added +48.1k +48,116
18 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 920,268920.3k $56.1m $56.1m 0.09% Reduced -278.7k -278,685
19 Calamos Wealth Management LLC 2.32% of their portfolio NAPERVILLE, IL 896,900896.9k $54.7m $54.7m 2.32% Added +30.8k +30,761
20 CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio RALEIGH, NC 877,365877.4k $53.5m $53.5m 0.12% Reduced -170.4k -170,391
21 Cerity Partners LLC 0.09% of their portfolio NEW YORK, NY 852,447852.4k $51.9m $51.9m 0.09% Reduced -24.0k -23,994
22 GM Advisory Group, LLC 2.50% of their portfolio MELVILLE, NY 829,324829.3k $50.5m $50.5m 2.50% Added +57.0k +57,035
23 TLWM 9.40% of their portfolio SAN ANTONIO, TX 812,122812.1k $49.5m $49.5m 9.40% Reduced -10.7k -10,701
24 MML INVESTORS SERVICES, LLC 0.13% of their portfolio SPRINGFIELD, MA 747,363747.4k $45.5m $45.5m 0.13% Added +270.8k +270,804
25 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 717,850717.9k $43.7m $43.7m 0.06% Reduced -28.4k -28,370
26 AMG National Trust Bank 1.12% of their portfolio GREENWOOD VILLAGE, CO 697,291697.3k $42.5m $42.5m 1.12% Reduced -11.4k -11,446
27 WESBANCO BANK INC 1.23% of their portfolio WHEELING, WV 677,553677.6k $41.3m $41.3m 1.23% Reduced -5.3k -5,342
28 Johnson Financial Group, Inc. 1.75% of their portfolio RACINE, WI 639,512639.5k $39.0m $39.0m 1.75% Added +14.3k +14,290
29 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 620,781620.8k $37.8m $37.8m 0.03% Added +597.1k +597,054
30 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 555,390555.4k $33.8m $33.8m 0.01% Added +109.4k +109,397
31 Kestra Advisory Services, LLC 0.16% of their portfolio AUSTIN, TX 527,478527.5k $32.1m $32.1m 0.16% Added +66.7k +66,734
32 Abundance Wealth Counselors 5.92% of their portfolio STATE COLLEGE, PA 519,369519.4k $31.6m $31.6m 5.92% Added +11.1k +11,104
33 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 491,180491.2k $29.9m $29.9m 0.01% Added +5.8k +5,782
34 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 463,246463.2k $28.2m $28.2m 0.01% Added +117.8k +117,781
35 Advus Financial Partners, LLC 7.10% of their portfolio WINTER PARK, FL 455,789455.8k $27.8m $27.8m 7.10% Reduced -9.7k -9,654
36 Resolute Advisors LLC 6.89% of their portfolio SAN FRANCISCO, CA 455,000455.0k $27.7m $27.7m 6.89% New
37 Itau Unibanco Holding S.A. 1.05% of their portfolio SAO PAULO, D5 454,513454.5k $27.7m $27.7m 1.05% Reduced -200 -200
38 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 451,707451.7k $27.5m $27.5m 0.01% Reduced -38.2k -38,161
39 Clal Insurance Enterprises Holdings Ltd 0.26% of their portfolio Tel-aviv, L3 441,920441.9k $26.9m $26.9m 0.26% Unchanged
40 Capital Investment Advisors, LLC 0.48% of their portfolio ATLANTA, GA 439,593439.6k $27.2m $27.2m 0.48% Reduced -2.6k -2,580
41 Cadence Bank 1.66% of their portfolio Tupelo, MS 414,544414.5k $25.3m $25.3m 1.66% Reduced -1.8k -1,790
42 Ensign Peak Advisors, Inc 0.04% of their portfolio SALT LAKE CITY, UT 371,531371.5k $22.6m $22.6m 0.04% New
43 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 357,916357.9k $21.8m $21.8m 0.01% Reduced -38.8k -38,845
44 BLAIR WILLIAM & CO/IL 0.06% of their portfolio CHICAGO, IL 340,436340.4k $20.7m $20.7m 0.06% Added +44.0k +43,977
45 FLOW TRADERS U.S. LLC 0.75% of their portfolio NEW YORK, NY 331,661331.7k $20.2m $20.2m 0.75% New
46 Federation des caisses Desjardins du Quebec 0.09% of their portfolio LEVIS, A8 328,461328.5k $20.0m $20.0m 0.09% Added +13.1k +13,069
47 Cornerstone Wealth Group, LLC 1.46% of their portfolio HUNTERSVILLE, NC 318,293318.3k $19.4m $19.4m 1.46% Reduced -18.3k -18,284
48 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 310,639310.6k $18.9m $18.9m 0.01% Reduced -541.3k -541,293
49 Heritage Wealth Advisors 0.90% of their portfolio RICHMOND, VA 309,464309.5k $18.9m $18.9m 0.90% Unchanged
50 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 300,093300.1k $18.3m $18.3m 0.02% Added +18.3k +18,311
51 COMERICA BANK 0.07% of their portfolio DALLAS, TX 295,256295.3k $18.0m $18.0m 0.07% Added +29.9k +29,895
52 Sequoia Financial Advisors, LLC 0.12% of their portfolio Akron, OH 294,254294.3k $17.9m $17.9m 0.12% Added +25.3k +25,314
53 Atlantic Union Bankshares Corp 0.41% of their portfolio GLEN ALLEN, VA 293,995294.0k $17.9m $17.9m 0.41% New
54 Mariner, LLC 0.02% of their portfolio Overland Park, KS 277,215277.2k $16.9m $16.9m 0.02% Added +4.7k +4,735
55 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 275,868275.9k $16.8m $16.8m 0.03% Added +10.7k +10,680
56 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 274,257274.3k $16.7m $16.7m 0.02% Added +93.1k +93,112
57 Legacy Private Trust Co. 1.03% of their portfolio NEENAH, WI 260,979261.0k $15.9m $15.9m 1.03% Reduced -21.7k -21,690
58 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 249,704249.7k $15.2m $15.2m 0.02% Added +128.9k +128,925
59 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 249,249249.2k $15.2m $15.2m 0.02% Added +1.1k +1,139
60 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 247,240247.2k $15.1m $15.1m 0.00% Unchanged
61 Mill Creek Capital Advisors, LLC 0.33% of their portfolio Conshohocken, PA 245,325245.3k $15.0m $15.0m 0.33% Reduced -3.7k -3,693
62 FSA WEALTH PARTNERS, INC. 7.20% of their portfolio Rockville, MD 244,728244.7k $14.9m $14.9m 7.20% Added +231.6k +231,571
63 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 238,180238.2k $14.5m $14.5m 0.04% Added +50.9k +50,926
64 Spire Wealth Management 0.49% of their portfolio MCLEAN, VA 233,581233.6k $13.6m $13.6m 0.49% Reduced -67.3k -67,282
65 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 222,884222.9k $13.6m $13.6m 0.02% Added +41.7k +41,721
66 Gotham Asset Management, LLC 0.08% of their portfolio NEW YORK, NY 215,241215.2k $13.1m $13.1m 0.08% Added +191.9k +191,900
67 BAILARD, INC. 0.29% of their portfolio Foster City, CA 206,049206.0k $12.6m $12.6m 0.29% Reduced -45 -45
68 FMR LLC 0.00% of their portfolio BOSTON, MA 201,864201.9k $12.3m $12.3m 0.00% Reduced -141.9k -141,930
69 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 199,557199.6k $12.2m $12.2m 0.04% Added +165.6k +165,557
70 Madrona Financial Services, LLC 2.83% of their portfolio EVERETT, WA 193,407193.4k $11.8m $11.8m 2.83% Added +23.1k +23,124
71 CMH Wealth Management LLC 2.72% of their portfolio PORTSMOUTH, NH 191,772191.8k $11.7m $11.7m 2.72% Reduced -42.0k -42,035
72 PARK AVENUE SECURITIES LLC 0.11% of their portfolio NEW YORK, NY 189,770189.8k $11.6m $11.6m 0.11% Added +9.3k +9,256
73 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 188,749188.7k $11.5m $11.5m 0.02% Reduced -45.8k -45,814
74 KING LUTHER CAPITAL MANAGEMENT CORP 0.05% of their portfolio FORT WORTH, TX 186,532186.5k $11.4m $11.4m 0.05% Added +123.8k +123,842
75 Premier Path Wealth Partners, LLC 1.53% of their portfolio MADISON, NJ 180,568180.6k $11.0m $11.0m 1.53% Added +27.6k +27,639
76 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 176,268176.3k $10.7m $10.7m 0.06% Reduced -3.6k -3,649
77 CUMBERLAND ADVISORS INC 4.34% of their portfolio SARASOTA, FL 169,465169.5k $10.3m $10.3m 4.34% Added +20.3k +20,300
78 WHITTIER TRUST CO 0.12% of their portfolio SOUTH PASADENA, CA 167,817167.8k $10.2m $10.2m 0.12% Added +8.5k +8,546
79 JENNISON ASSOCIATES LLC 0.01% of their portfolio NEW YORK, NY 163,883163.9k $10.0m $10.0m 0.01% Added +119.9k +119,854
80 Coppell Advisory Solutions LLC 0.70% of their portfolio COPPELL, TX 160,990161.0k $9.8m $9.8m 0.70% New
81 Trust Co 1.09% of their portfolio MANHATTAN, KS 157,773157.8k $9.6m $9.6m 1.09% Added +2.3k +2,257
82 Arcadia Wealth Management, LLC 4.10% of their portfolio Manchester, NH 154,066154.1k $9.4m $9.4m 4.10% Added +3.9k +3,880
83 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 153,799153.8k $9.4m $9.4m 0.05% Reduced -14.0k -13,953
84 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 153,085153.1k $9.3m $9.3m 0.01% Added +6.0k +6,036
85 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.06% of their portfolio Stamford, CT 152,492152.5k $9.3m $9.3m 0.06% Reduced -13.1k -13,139
86 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 152,243152.2k $9.3m $9.3m 0.01% Added +19.2k +19,221
87 Beacon Pointe Advisors, LLC 0.10% of their portfolio NEWPORT BEACH, CA 151,430151.4k $9.2m $9.2m 0.10% Reduced -17.3k -17,340
88 PITCAIRN CO 0.59% of their portfolio CONSHOHOCKEN, PA 148,307148.3k $9.0m $9.0m 0.59% Reduced -26.1k -26,129
89 JOHNSON INVESTMENT COUNSEL INC 0.08% of their portfolio Cincinnati, OH 145,902145.9k $8.9m $8.9m 0.08% Added +732 +732
90 ICONIQ Capital, LLC 0.15% of their portfolio SAN FRANCISCO, CA 144,201144.2k $8.8m $8.8m 0.15% Added +2.0k +2,027
91 Charter Oak Capital Management, LLC 0.72% of their portfolio PORTSMOUTH, NH 140,531140.5k $8.6m $8.6m 0.72% Reduced -7.7k -7,650
92 Cassia Capital Partners, LLC 5.10% of their portfolio WINSTON SALEM, NC 139,177139.2k $8.5m $8.5m 5.10% Reduced -4.8k -4,817
93 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.45% of their portfolio SAN FRANCISCO, CA 138,775138.8k $8.5m $8.5m 0.45% Reduced -170.0k -170,010
94 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 138,518138.5k $8.4m $8.4m 0.01% Added +31.3k +31,337
95 NISA INVESTMENT ADVISORS, LLC 0.04% of their portfolio ST. LOUIS, MO 135,300135.3k $8.2m $8.2m 0.04% Unchanged
96 GLOBALT Investments LLC / GA 0.32% of their portfolio Atlanta, GA 135,205135.2k $8.2m $8.2m 0.32% Reduced -19.9k -19,850
97 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 133,166133.2k $8.1m $8.1m 0.01% Added +30.7k +30,734
98 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 133,040133.0k $8.1m $8.1m 0.00% Added +84.9k +84,857
99 SSI INVESTMENT MANAGEMENT LLC 0.56% of their portfolio Los Angeles, CA 130,951131.0k $8.0m $8.0m 0.56% Reduced -7.9k -7,871
100 SENTINEL TRUST CO LBA 0.83% of their portfolio HOUSTON, TX 125,211125.2k $7.6m $7.6m 0.83% Reduced -1.2k -1,152