Vault-13

ISHARES TR ACWX

MSCI ACWI EX US · ETP · CUSIP 464288240

551 institutional holders +14 vs Q2 2025
70,008,18870.0m shares reported held*
$4.6bnreported value*
42 new 188 added 153 reduced 26 sold out net sold ≈ $178.7m (-2.8m 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 ($3.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $65.18.

Trends to Q3 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: 537Q3 25: 551551Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025551

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 197 bought or addedQ4 23: 165 cut or sold outQ1 24: 142 bought or addedQ1 24: 209 cut or sold outQ1 24Q2 24: 207 bought or addedQ2 24: 167 cut or sold outQ3 24: 156 bought or addedQ3 24: 185 cut or sold outQ3 24Q4 24: 245 bought or addedQ4 24: 155 cut or sold outQ1 25: 184 bought or addedQ1 25: 212 cut or sold outQ1 25Q2 25: 253 bought or addedQ2 25: 174 cut or sold outQ3 25: 230 bought or addedQ3 25: 179 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023197165
Q1 2024142209
Q2 2024207167
Q3 2024156185
Q4 2024245155
Q1 2025184212
Q2 2025253174
Q3 2025230179

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ4 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 —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$5.5k$72.1k13.00
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

MORGAN STANLEY Added +825,379+825.4k
JPMORGAN CHASE & CO Added +599,639+599.6k
AMERIPRISE FINANCIAL INC Added +355,253+355.3k
BANK OF AMERICA CORP /DE/ Added +284,654+284.7k
THORNBURG INVESTMENT MANAGEMENT INC Added +181,731+181.7k
Atwater Malick LLC Added +158,498+158.5k
Dixon Mitchell Investment Counsel Inc. New +147,500+147.5k
Cullen Capital Management, LLC New +119,661+119.7k
BANK OF MONTREAL /CAN/ Added +116,871+116.9k
ENVESTNET ASSET MANAGEMENT INC Added +111,236+111.2k

Biggest sellers

ROYAL BANK OF CANADA Reduced -2,472,638-2.5m
Merit Financial Group, LLC Reduced -2,229,940-2.2m
JANE STREET GROUP, LLC Reduced -839,320-839.3k
CITADEL ADVISORS LLC Reduced -420,775-420.8k
FLOW TRADERS U.S. LLC Sold out -331,661-331.7k
BNP PARIBAS FINANCIAL MARKETS Reduced -130,693-130.7k
LAZARD ASSET MANAGEMENT LLC Reduced -129,779-129.8k
Beacon Pointe Advisors, LLC Reduced -127,976-128.0k
Rockefeller Capital Management L.P. Reduced -104,331-104.3k
Atlantic Union Bankshares Corp Reduced -95,922-95.9k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 5,636,4725.6m $366.4m $366.4m 0.03% Added +284.7k +284,654
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 5,301,7335.3m $344.7m $344.7m 0.02% Added +825.4k +825,379
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,303,7264.3m $279.8m $279.8m 0.00% Reduced -9.0k -9,031
4 UBS Group AG 0.03% of their portfolio ZURICH, V8 2,682,3972.7m $174.4m $174.4m 0.03% Reduced -10.5k -10,538
5 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,814,9221.8m $118.0m $118.0m 0.03% Added +355.3k +355,253
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,759,3721.8m $114.4m $114.4m 0.00% Added +599.6k +599,639
7 GERMAN AMERICAN BANCORP, INC. 9.30% of their portfolio JASPER, IN 1,619,7161.6m $105.3m $105.3m 9.30% Added +50.0k +49,962
8 Focus Partners Wealth 0.16% of their portfolio ST LOUIS, MO 1,569,4461.6m $102.1m $102.1m 0.16% Added +71.5k +71,531
9 Sageworth Trust Co 4.33% of their portfolio LANCASTER, PA 1,428,5941.4m $92.9m $92.9m 4.33% Reduced -28.3k -28,277
10 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 1,288,9451.3m $83.8m $83.8m 0.02% Added +111.2k +111,236
11 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,240,6781.2m $80.7m $80.7m 0.01% Added +56.3k +56,282
12 Glenmede Investment Management, LP 0.34% of their portfolio PHILADELPHIA, PA 1,070,8611.1m $69.6m $69.6m 0.34% Added +29.7k +29,665
13 Cliffwater LLC 14.36% of their portfolio MARINA DEL REY, CA 1,048,6211.0m $68.2m $68.2m 14.36% Unchanged
14 Winthrop Advisory Group LLC 5.96% of their portfolio BOSTON, MA 1,047,5011.0m $68.1m $68.1m 5.96% Added +79.0k +78,982
15 REGIONS FINANCIAL CORP 0.21% of their portfolio BIRMINGHAM, AL 1,013,1611.0m $65.9m $65.9m 0.21% Reduced -42.8k -42,796
16 Calamos Wealth Management LLC 2.26% of their portfolio NAPERVILLE, IL 959,548959.5k $62.4m $62.4m 2.26% Added +62.6k +62,648
17 CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio RALEIGH, NC 893,012893.0k $58.1m $58.1m 0.12% Added +15.6k +15,647
18 GM Advisory Group, LLC 2.45% of their portfolio MELVILLE, NY 887,295887.3k $57.7m $57.7m 2.45% Added +58.0k +57,971
19 Cerity Partners LLC 0.09% of their portfolio NEW YORK, NY 828,587828.6k $53.9m $53.9m 0.09% Reduced -23.9k -23,860
20 TLWM 9.52% of their portfolio SAN ANTONIO, TX 814,870814.9k $53.0m $53.0m 9.52% Added +2.7k +2,748
21 MML INVESTORS SERVICES, LLC 0.13% of their portfolio SPRINGFIELD, MA 747,129747.1k $48.6m $48.6m 0.13% Reduced -234 -234
22 Johnson Financial Group, Inc. 1.78% of their portfolio RACINE, WI 729,551729.6k $47.4m $47.4m 1.78% Added +90.0k +90,039
23 WESBANCO BANK INC 1.26% of their portfolio WHEELING, WV 696,495696.5k $45.3m $45.3m 1.26% Added +18.9k +18,942
24 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 693,961694.0k $45.1m $45.1m 0.05% Reduced -23.9k -23,889
25 AMG National Trust Bank 1.10% of their portfolio GREENWOOD VILLAGE, CO 693,955694.0k $45.1m $45.1m 1.10% Reduced -3.3k -3,336
26 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 593,871593.9k $38.6m $38.6m 0.01% Added +38.5k +38,481
27 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 562,779562.8k $36.6m $36.6m 0.01% Added +71.6k +71,599
28 Kestra Advisory Services, LLC 0.16% of their portfolio AUSTIN, TX 522,009522.0k $33.9m $33.9m 0.16% Reduced -5.5k -5,469
29 Abundance Wealth Counselors 5.68% of their portfolio STATE COLLEGE, PA 509,523509.5k $33.1m $33.1m 5.68% Reduced -9.8k -9,846
30 Resolute Advisors LLC 7.94% of their portfolio SAN FRANCISCO, CA 475,922475.9k $30.9m $30.9m 7.94% Added +20.9k +20,922
31 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 475,217475.2k $30.9m $30.9m 0.01% Added +12.0k +11,971
32 Itau Unibanco Holding S.A. 1.01% of their portfolio SAO PAULO, D5 455,513455.5k $29.6m $29.6m 1.01% Added +1.0k +1,000
33 Advus Financial Partners, LLC 7.05% of their portfolio WINTER PARK, FL 451,594451.6k $29.4m $29.4m 7.05% Reduced -4.2k -4,195
34 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 436,938436.9k $28.4m $28.4m 0.01% Reduced -14.8k -14,769
35 Federation des caisses Desjardins du Quebec 0.11% of their portfolio LEVIS, A8 435,753435.8k $28.3m $28.3m 0.11% Added +107.3k +107,292
36 Capital Investment Advisors, LLC 0.47% of their portfolio ATLANTA, GA 435,317435.3k $28.3m $28.3m 0.47% Reduced -4.3k -4,276
37 Cadence Bank 1.67% of their portfolio Tupelo, MS 423,975424.0k $27.6m $27.6m 1.67% Added +9.4k +9,431
38 Clal Insurance Enterprises Holdings Ltd 0.21% of their portfolio Tel-aviv, L3 415,420415.4k $27.0m $27.0m 0.21% Reduced -26.5k -26,500
39 Merit Financial Group, LLC 0.23% of their portfolio ALPHARETTA, GA 381,609381.6k $24.8m $24.8m 0.23% Reduced -2.2m -2,229,940
40 BLAIR WILLIAM & CO/IL 0.06% of their portfolio CHICAGO, IL 373,532373.5k $24.3m $24.3m 0.06% Added +33.1k +33,096
41 Ensign Peak Advisors, Inc 0.04% of their portfolio SALT LAKE CITY, UT 371,531371.5k $24.2m $24.2m 0.04% Unchanged
42 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 370,469370.5k $24.1m $24.1m 0.01% Added +12.6k +12,553
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 366,436366.4k $23.8m $23.8m 0.00% Reduced -2.5m -2,472,638
44 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 321,368321.4k $20.9m $20.9m 0.03% Added +47.1k +47,111
45 Cornerstone Wealth Group, LLC 1.37% of their portfolio HUNTERSVILLE, NC 312,087312.1k $20.3m $20.3m 1.37% Reduced -6.2k -6,206
46 Heritage Wealth Advisors 0.88% of their portfolio RICHMOND, VA 308,971309.0k $20.1m $20.1m 0.88% Reduced -493 -493
47 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 307,071307.1k $20.0m $20.0m 0.02% Added +31.2k +31,203
48 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 301,236301.2k $19.6m $19.6m 0.02% Added +1.1k +1,143
49 Sequoia Financial Advisors, LLC 0.12% of their portfolio Akron, OH 291,584291.6k $19.0m $19.0m 0.12% Reduced -2.7k -2,670
50 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 275,261275.3k $17.9m $17.9m 0.04% Added +37.1k +37,081
51 COMERICA BANK 0.07% of their portfolio DALLAS, TX 269,054269.1k $17.5m $17.5m 0.07% Reduced -26.2k -26,202
52 Mariner, LLC 0.02% of their portfolio Overland Park, KS 262,427262.4k $17.1m $17.1m 0.02% Reduced -14.8k -14,788
53 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 255,928255.9k $16.3m $16.3m 0.02% Added +33.0k +33,044
54 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 254,977255.0k $16.6m $16.6m 0.02% Added +5.7k +5,728
55 NewEdge Advisors, LLC 0.07% of their portfolio NEW ORLEANS, LA 253,484253.5k $16.5m $16.5m 0.07% Added +99.7k +99,685
56 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 249,911249.9k $16.2m $16.2m 0.01% Added +116.9k +116,871
57 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 248,900248.9k $16.2m $16.2m 0.05% Added +49.3k +49,343
58 Legacy Private Trust Co. 0.96% of their portfolio NEENAH, WI 247,492247.5k $16.1m $16.1m 0.96% Reduced -13.5k -13,487
59 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 247,240247.2k $16.1m $16.1m 0.00% Unchanged
60 Mill Creek Capital Advisors, LLC 0.33% of their portfolio Conshohocken, PA 245,036245.0k $15.9m $15.9m 0.33% Reduced -289 -289
61 FSA WEALTH PARTNERS, INC. 6.10% of their portfolio Rockville, MD 243,385243.4k $15.8m $15.8m 6.10% Reduced -1.3k -1,343
62 THORNBURG INVESTMENT MANAGEMENT INC 0.19% of their portfolio SANTA FE, NM 229,362229.4k $14.9m $14.9m 0.19% Added +181.7k +181,731
63 Spire Wealth Management 0.50% of their portfolio MCLEAN, VA 224,176224.2k $14.6m $14.6m 0.50% Reduced -9.4k -9,405
64 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.09% of their portfolio Stamford, CT 223,135223.1k $14.5m $14.5m 0.09% Added +70.6k +70,643
65 Gotham Asset Management, LLC 0.06% of their portfolio NEW YORK, NY 215,241215.2k $14.0m $14.0m 0.06% Unchanged
66 BAILARD, INC. 0.29% of their portfolio Foster City, CA 206,804206.8k $13.4m $13.4m 0.29% Added +755 +755
67 Premier Path Wealth Partners, LLC 1.73% of their portfolio MADISON, NJ 206,478206.5k $13.4m $13.4m 1.73% Added +25.9k +25,910
68 PARK AVENUE SECURITIES LLC 0.10% of their portfolio NEW YORK, NY 204,937204.9k $13.3m $13.3m 0.10% Added +15.2k +15,167
69 FMR LLC 0.00% of their portfolio BOSTON, MA 201,961202.0k $13.1m $13.1m 0.00% Added +97 +97
70 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 200,006200.0k $13.0m $13.0m 0.01% Reduced -420.8k -420,775
71 Atlantic Union Bankshares Corp 0.24% of their portfolio GLEN ALLEN, VA 198,073198.1k $12.9m $12.9m 0.24% Reduced -95.9k -95,922
72 Madrona Financial Services, LLC 2.80% of their portfolio EVERETT, WA 195,309195.3k $12.7m $12.7m 2.80% Added +1.9k +1,902
73 CMH Wealth Management LLC 2.66% of their portfolio PORTSMOUTH, NH 191,664191.7k $12.5m $12.5m 2.66% Reduced -108 -108
74 KING LUTHER CAPITAL MANAGEMENT CORP 0.05% of their portfolio FORT WORTH, TX 187,888187.9k $12.2m $12.2m 0.05% Added +1.4k +1,356
75 Atwater Malick LLC 3.47% of their portfolio LANCASTER, PA 183,958184.0k $12.0m $12.0m 3.47% Added +158.5k +158,498
76 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 183,220183.2k $11.9m $11.9m 0.02% Added +79.1k +79,095
77 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 179,946179.9k $11.7m $11.7m 0.01% Reduced -130.7k -130,693
78 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 179,038179.0k $11.6m $11.6m 0.05% Added +2.8k +2,770
79 WHITTIER TRUST CO 0.13% of their portfolio SOUTH PASADENA, CA 171,453171.5k $11.3m $11.3m 0.13% Added +3.6k +3,636
80 CUMBERLAND ADVISORS INC 4.26% of their portfolio SARASOTA, FL 170,695170.7k $11.1m $11.1m 4.26% Added +1.2k +1,230
81 IEQ CAPITAL, LLC 0.03% of their portfolio Foster City, CA 162,166162.2k $10.5m $10.5m 0.03% Added +100.7k +100,704
82 Trust Co 1.07% of their portfolio MANHATTAN, KS 160,336160.3k $10.4m $10.4m 1.07% Added +2.6k +2,563
83 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 151,410151.4k $9.8m $9.8m 0.01% Reduced -833 -833
84 Arcadia Wealth Management, LLC 3.86% of their portfolio Manchester, NH 149,676149.7k $9.7m $9.7m 3.86% Reduced -4.4k -4,390
85 Dixon Mitchell Investment Counsel Inc. 0.34% of their portfolio VANCOUVER, A1 147,500147.5k $9.6m $9.6m 0.34% New
86 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 145,788145.8k $9.5m $9.5m 0.01% Reduced -7.3k -7,297
87 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 145,373145.4k $9.5m $9.5m 0.02% Reduced -104.3k -104,331
88 PITCAIRN CO 0.74% of their portfolio CONSHOHOCKEN, PA 144,693144.7k $9.4m $9.4m 0.74% Reduced -3.6k -3,614
89 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 144,218144.2k $9.4m $9.4m 0.01% Added +11.1k +11,052
90 ICONIQ Capital, LLC 0.12% of their portfolio SAN FRANCISCO, CA 144,201144.2k $9.4m $9.4m 0.12% Unchanged
91 Cassia Capital Partners, LLC 4.96% of their portfolio WINSTON SALEM, NC 139,814139.8k $9.1m $9.1m 4.96% Added +637 +637
92 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.46% of their portfolio SAN FRANCISCO, CA 138,775138.8k $9.0m $9.0m 0.46% Unchanged
93 Charter Oak Capital Management, LLC 0.70% of their portfolio PORTSMOUTH, NH 138,160138.2k $9.0m $9.0m 0.70% Reduced -2.4k -2,371
94 JOHNSON INVESTMENT COUNSEL INC 0.07% of their portfolio Cincinnati, OH 136,007136.0k $8.8m $8.8m 0.07% Reduced -9.9k -9,895
95 NISA INVESTMENT ADVISORS, LLC 0.03% of their portfolio ST. LOUIS, MO 135,300135.3k $8.8m $8.8m 0.03% Unchanged
96 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 134,761134.8k $8.8m $8.8m 0.01% Reduced -3.8k -3,757
97 GLOBALT Investments LLC / GA 0.30% of their portfolio Atlanta, GA 125,055125.1k $8.1m $8.1m 0.30% Reduced -10.2k -10,150
98 SENTINEL TRUST CO LBA 0.82% of their portfolio HOUSTON, TX 124,498124.5k $8.1m $8.1m 0.82% Reduced -713 -713
99 JENNISON ASSOCIATES LLC 0.00% of their portfolio NEW YORK, NY 120,792120.8k $7.9m $7.9m 0.00% Reduced -43.1k -43,091
100 Cullen Capital Management, LLC 0.09% of their portfolio New York, NY 119,661119.7k $7.8m $7.8m 0.09% New