Vault-13

ISHARES TR ACWX

MSCI ACWI EX US · ETP · CUSIP 464288240

608 institutional holders +57 vs Q3 2025
86,438,93586.4m shares reported held*
$5.8bnreported value*
61 new 257 added 124 reduced 25 sold out net bought ≈ $1.0bn (+15.4m 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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $67.03. Options: 1 managers hold calls ($214.8k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 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: 551Q4 25: 608608Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025608

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 230 bought or addedQ3 25: 179 cut or sold outQ4 25: 318 bought or addedQ4 25: 149 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024142209
Q2 2024207167
Q3 2024156185
Q4 2024245155
Q1 2025184212
Q2 2025253174
Q3 2025230179
Q4 2025318149

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ1 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 —Q4 25 calls: $214.8kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$5.5k$72.1k13.00
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$214.8k$00.00

Biggest buyers

JANE STREET GROUP, LLC Added +2,319,101+2.3m
ACADIAN ASSET MANAGEMENT LLC New +2,252,690+2.3m
BANK OF AMERICA CORP /DE/ Added +1,601,956+1.6m
CIBC Private Wealth Group LLC Added +1,281,794+1.3m
JENNISON ASSOCIATES LLC Added +716,382+716.4k
Waverly Advisors, LLC Added +708,682+708.7k
Select Equity Group, L.P. New +600,269+600.3k
BNP PARIBAS FINANCIAL MARKETS Added +520,032+520.0k
ROYAL BANK OF CANADA Added +487,082+487.1k
TOMPKINS FINANCIAL CORP New +463,601+463.6k

Biggest sellers

JPMORGAN CHASE & CO Reduced -905,122-905.1k
BANK OF NOVA SCOTIA Sold out -183,220-183.2k
CITADEL ADVISORS LLC Reduced -164,972-165.0k
PITCAIRN CO Sold out -144,693-144.7k
RHUMBLINE ADVISERS Reduced -116,989-117.0k
NorthCoast Asset Management LLC Reduced -75,360-75.4k
REGIONS FINANCIAL CORP Reduced -74,381-74.4k
DRW Securities, LLC Sold out -60,571-60.6k
State of Wyoming Reduced -59,193-59.2k
Savant Capital, LLC Sold out -55,395-55.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $214.8k3.2k 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 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 7,238,4287.2m $485.9m $485.9m 0.04% Added +1.6m +1,601,956
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 5,336,6865.3m $358.3m $358.3m 0.02% Added +35.0k +34,953
3 BlackRock, Inc. 0.01% of their portfolio New York, NY 4,443,3684.4m $298.3m $298.3m 0.01% Added +139.6k +139,642
4 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,761,5182.8m $185.4m $185.4m 0.04% Added +79.1k +79,121
5 JANE STREET GROUP, LLC 0.19% of their portfolio NEW YORK, NY 2,400,0492.4m $161.1m $161.1m 0.19% Added +2.3m +2,319,101
6 ACADIAN ASSET MANAGEMENT LLC 0.25% of their portfolio Boston, MA 2,252,6902.3m $151.2m $151.2m 0.25% New
7 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,903,7561.9m $127.8m $127.8m 0.03% Added +88.8k +88,834
8 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,701,5501.7m $114.2m $114.2m 0.03% Added +412.6k +412,605
9 Focus Partners Wealth 0.13% of their portfolio ST LOUIS, MO 1,682,5811.7m $113.0m $113.0m 0.13% Added +113.1k +113,135
10 GERMAN AMERICAN BANCORP, INC. 9.22% of their portfolio JASPER, IN 1,612,1031.6m $108.2m $108.2m 9.22% Reduced -7.6k -7,613
11 Sageworth Trust Co 4.09% of their portfolio LANCASTER, PA 1,423,7781.4m $95.6m $95.6m 4.09% Reduced -4.8k -4,816
12 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,319,2041.3m $88.6m $88.6m 0.01% Added +78.5k +78,526
13 CIBC Private Wealth Group LLC 0.15% of their portfolio ATLANTA, GA 1,294,4831.3m $86.9m $86.9m 0.15% Added +1.3m +1,281,794
14 Winthrop Advisory Group LLC 6.40% of their portfolio BOSTON, MA 1,125,2121.1m $75.5m $75.5m 6.40% Added +77.7k +77,711
15 GLENMEDE TRUST CO NA 0.34% of their portfolio PHILADELPHIA, PA 1,077,2231.1m $72.3m $72.3m 0.34% First filing
16 MML INVESTORS SERVICES, LLC 0.17% of their portfolio SPRINGFIELD, MA 1,048,8161.0m $70.4m $70.4m 0.17% Added +301.7k +301,687
17 Cliffwater LLC 14.78% of their portfolio MARINA DEL REY, CA 1,048,6211.0m $70.4m $70.4m 14.78% Unchanged
18 GM Advisory Group, LLC 2.68% of their portfolio MELVILLE, NY 1,018,2551.0m $68.4m $68.4m 2.68% Added +131.0k +130,960
19 Calamos Wealth Management LLC 2.28% of their portfolio NAPERVILLE, IL 980,397980.4k $65.8m $65.8m 2.28% Added +20.8k +20,849
20 REGIONS FINANCIAL CORP 0.40% of their portfolio BIRMINGHAM, AL 938,780938.8k $63.0m $63.0m 0.40% Reduced -74.4k -74,381
21 Cerity Partners LLC 0.09% of their portfolio NEW YORK, NY 938,202938.2k $63.0m $63.0m 0.09% Added +109.6k +109,615
22 CAPTRUST FINANCIAL ADVISORS 0.11% of their portfolio RALEIGH, NC 890,871890.9k $59.8m $59.8m 0.11% Reduced -2.1k -2,141
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 854,250854.2k $57.3m $57.3m 0.00% Reduced -905.1k -905,122
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 853,518853.5k $57.3m $57.3m 0.01% Added +487.1k +487,082
25 JENNISON ASSOCIATES LLC 0.03% of their portfolio NEW YORK, NY 837,174837.2k $56.2m $56.2m 0.03% Added +716.4k +716,382
26 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 778,618778.6k $52.3m $52.3m 0.01% Added +184.7k +184,747
27 TLWM 9.54% of their portfolio SAN ANTONIO, TX 776,716776.7k $52.1m $52.1m 9.54% Reduced -38.2k -38,154
28 WESBANCO BANK INC 1.39% of their portfolio WHEELING, WV 754,463754.5k $50.6m $50.6m 1.39% Added +58.0k +57,968
29 Waverly Advisors, LLC 0.39% of their portfolio BIRMINGHAM, AL 722,543722.5k $48.5m $48.5m 0.39% Added +708.7k +708,682
30 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 719,444719.4k $44.4m $44.4m 0.03% Added +398.1k +398,076
31 Johnson Financial Group, Inc. 1.81% of their portfolio RACINE, WI 718,986719.0k $48.3m $48.3m 1.81% Reduced -10.6k -10,565
32 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 699,978700.0k $47.0m $47.0m 0.03% Added +520.0k +520,032
33 AMG National Trust Bank 1.10% of their portfolio GREENWOOD VILLAGE, CO 696,149696.1k $46.7m $46.7m 1.10% Added +2.2k +2,194
34 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 665,175665.2k $44.7m $44.7m 0.05% Reduced -28.8k -28,786
35 Select Equity Group, L.P. 0.19% of their portfolio NEW YORK, NY 600,269600.3k $40.3m $40.3m 0.19% New
36 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 556,062556.1k $37.3m $37.3m 0.01% Reduced -6.7k -6,717
37 WHI TRUST Co LLC 27.33% of their portfolio CHICAGO, IL 528,165528.2k $35.5m $35.5m 27.33% First filing
38 Abundance Wealth Counselors 5.86% of their portfolio STATE COLLEGE, PA 516,649516.6k $34.7m $34.7m 5.86% Added +7.1k +7,126
39 Federation des caisses Desjardins du Quebec 0.13% of their portfolio LEVIS, A8 507,170507.2k $34.0m $34.0m 0.13% Added +71.4k +71,417
40 Resolute Advisors LLC 10.37% of their portfolio SAN FRANCISCO, CA 473,497473.5k $31.8m $31.8m 10.37% Reduced -2.4k -2,425
41 Kestra Advisory Services, LLC 0.13% of their portfolio AUSTIN, TX 467,705467.7k $31.4m $31.4m 0.13% Reduced -54.3k -54,304
42 TOMPKINS FINANCIAL CORP 2.42% of their portfolio ITHACA, NY 463,601463.6k $31.1m $31.1m 2.42% New
43 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 463,279463.3k $31.1m $31.1m 0.01% Added +26.3k +26,341
44 Clal Insurance Enterprises Holdings Ltd 0.20% of their portfolio Tel-aviv, L3 457,880457.9k $30.7m $30.7m 0.20% Added +42.5k +42,460
45 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 444,048444.0k $29.8m $29.8m 0.01% Reduced -31.2k -31,169
46 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 444,047444.0k $29.8m $29.8m 0.03% Added +137.0k +136,976
47 Advus Financial Partners, LLC 7.15% of their portfolio WINTER PARK, FL 439,452439.5k $29.5m $29.5m 7.15% Reduced -12.1k -12,142
48 Cadence Bank 1.72% of their portfolio Tupelo, MS 437,986438.0k $29.4m $29.4m 1.72% Added +14.0k +14,011
49 Ensign Peak Advisors, Inc 0.05% of their portfolio SALT LAKE CITY, UT 436,044436.0k $29.3m $29.3m 0.05% Added +64.5k +64,513
50 Itau Unibanco Holding S.A. 0.71% of their portfolio SAO PAULO, D5 433,100433.1k $29.1m $29.1m 0.71% Reduced -22.4k -22,413
51 Capital Investment Advisors, LLC 0.44% of their portfolio ATLANTA, GA 432,828432.8k $29.1m $29.1m 0.44% Reduced -2.5k -2,489
52 BLAIR WILLIAM & CO/IL 0.08% of their portfolio CHICAGO, IL 430,861430.9k $28.9m $28.9m 0.08% Added +57.3k +57,329
53 Goelzer Investment Management, Inc. 1.32% of their portfolio CARMEL, IN 425,029425.0k $28.5m $28.5m 1.32% Added +325.5k +325,548
54 FSA WEALTH PARTNERS, INC. 10.00% of their portfolio Rockville, MD 414,524414.5k $27.8m $27.8m 10.00% Added +171.1k +171,139
55 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 397,769397.8k $26.7m $26.7m 0.01% Added +147.9k +147,858
56 Integrated Advisors Network LLC 1.13% of their portfolio DALLAS, TX 380,959381.0k $25.6m $25.6m 1.13% Added +367.6k +367,572
57 Merit Financial Group, LLC 0.20% of their portfolio ALPHARETTA, GA 368,276368.3k $24.7m $24.7m 0.20% Reduced -13.3k -13,333
58 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 354,728354.7k $23.8m $23.8m 0.01% Reduced -15.7k -15,741
59 Sequoia Financial Advisors, LLC 0.13% of their portfolio Akron, OH 337,299337.3k $22.6m $22.6m 0.13% Added +45.7k +45,715
60 Heritage Wealth Advisors 0.79% of their portfolio RICHMOND, VA 308,971309.0k $20.7m $20.7m 0.79% Unchanged
61 Cornerstone Wealth Group, LLC 1.41% of their portfolio HUNTERSVILLE, NC 306,733306.7k $20.6m $20.6m 1.41% Reduced -5.4k -5,354
62 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 303,539303.5k $20.4m $20.4m 0.02% Added +2.3k +2,303
63 Align Financial, LLC 0.17% of their portfolio HERMANTOWN, MN 296,245296.2k $296.2k $296.2k 0.17% First filing
64 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.11% of their portfolio Stamford, CT 293,985294.0k $19.7m $19.7m 0.11% Added +70.8k +70,850
65 PARK AVENUE SECURITIES LLC 0.16% of their portfolio NEW YORK, NY 288,124288.1k $19.3m $19.3m 0.16% Added +83.2k +83,187
66 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 287,200287.2k $19.3m $19.3m 0.05% Added +38.3k +38,300
67 COMERICA BANK 0.08% of their portfolio DALLAS, TX 286,298286.3k $19.2m $19.2m 0.08% Added +17.2k +17,244
68 Harding Loevner LP 0.17% of their portfolio Bridgewater, NJ 283,184283.2k $19.0m $19.0m 0.17% Added +263.4k +263,361
69 CWM, LLC 0.05% of their portfolio OMAHA, NE 279,099279.1k $18.7m $18.7m 0.05% Added +274.1k +274,064
70 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 277,948277.9k $18.7m $18.7m 0.04% Added +2.7k +2,687
71 Premier Path Wealth Partners, LLC 2.35% of their portfolio MADISON, NJ 270,551270.6k $18.2m $18.2m 2.35% Added +64.1k +64,073
72 Mariner, LLC 0.02% of their portfolio Overland Park, KS 264,282264.3k $17.7m $17.7m 0.02% Added +1.9k +1,855
73 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 255,621255.6k $17.2m $17.2m 0.06% Added +2.1k +2,137
74 Dixon Mitchell Investment Counsel Inc. 0.56% of their portfolio VANCOUVER, A1 254,500254.5k $17.1m $17.1m 0.56% Added +107.0k +107,000
75 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 251,702251.7k $16.9m $16.9m 0.02% Reduced -3.3k -3,275
76 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 247,240247.2k $16.6m $16.6m 0.00% Unchanged
77 Mill Creek Capital Advisors, LLC 0.34% of their portfolio Conshohocken, PA 246,494246.5k $16.5m $16.5m 0.34% Added +1.5k +1,458
78 Legacy Private Trust Co. 0.98% of their portfolio NEENAH, WI 246,493246.5k $16.5m $16.5m 0.98% Reduced -999 -999
79 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 244,122244.1k $16.4m $16.4m 0.02% Reduced -11.8k -11,806
80 THORNBURG INVESTMENT MANAGEMENT INC 0.20% of their portfolio SANTA FE, NM 240,341240.3k $16.1m $16.1m 0.20% Added +11.0k +10,979
81 Spire Wealth Management 0.51% of their portfolio MCLEAN, VA 227,430227.4k $15.3m $15.3m 0.51% Added +3.3k +3,254
82 Atwater Malick LLC 4.20% of their portfolio LANCASTER, PA 226,820226.8k $15.2m $15.2m 4.20% Added +42.9k +42,862
83 Gotham Asset Management, LLC 0.05% of their portfolio NEW YORK, NY 215,241215.2k $14.4m $14.4m 0.05% Unchanged
84 KING LUTHER CAPITAL MANAGEMENT CORP 0.06% of their portfolio FORT WORTH, TX 214,931214.9k $14.4m $14.4m 0.06% Added +27.0k +27,043
85 BAILARD, INC. 0.32% of their portfolio Foster City, CA 212,394212.4k $14.3m $14.3m 0.32% Added +5.6k +5,590
86 Financial Council, LLC 5.65% of their portfolio TOWSON, MD 210,729210.7k $14.1m $14.1m 5.65% Added +159.2k +159,189
87 Atlantic Union Bankshares Corp 0.26% of their portfolio GLEN ALLEN, VA 207,656207.7k $13.9m $13.9m 0.26% Added +9.6k +9,583
88 FMR LLC 0.00% of their portfolio BOSTON, MA 204,945204.9k $13.8m $13.8m 0.00% Added +3.0k +2,984
89 Callan Family Office, LLC 0.28% of their portfolio RADNOR, PA 197,582197.6k $13.3m $13.3m 0.28% Added +150.6k +150,616
90 Madrona Financial Services, LLC 2.82% of their portfolio EVERETT, WA 196,595196.6k $13.2m $13.2m 2.82% Added +1.3k +1,286
91 BROWN ADVISORY INC 0.02% of their portfolio BALTIMORE, MD 192,612192.6k $12.9m $12.9m 0.02% Added +57.9k +57,851
92 CMH Wealth Management LLC 2.75% of their portfolio PORTSMOUTH, NH 191,129191.1k $12.8m $12.8m 2.75% Reduced -535 -535
93 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 187,718187.7k $12.2m $12.2m 0.05% Added +8.7k +8,680
94 Cullen Capital Management, LLC 0.14% of their portfolio New York, NY 186,200186.2k $12.5m $12.5m 0.14% Added +66.5k +66,539
95 WHITTIER TRUST CO 0.13% of their portfolio SOUTH PASADENA, CA 177,343177.3k $12.3m $12.3m 0.13% Added +5.9k +5,890
96 Pitcairn Wealth Advisors LLC 1.05% of their portfolio CONSHOHOCKEN, PA 174,436174.4k $11.7m $11.7m 1.05% First filing
97 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 173,802173.8k $11.7m $11.7m 0.02% Added +28.4k +28,429
98 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 173,481173.5k $11.6m $11.6m 0.01% Added +29.3k +29,263
99 CUMBERLAND ADVISORS INC 4.27% of their portfolio SARASOTA, FL 167,785167.8k $11.3m $11.3m 4.27% Reduced -2.9k -2,910
100 Trust Co 1.02% of their portfolio MANHATTAN, KS 161,659161.7k $10.9m $10.9m 1.02% Added +1.3k +1,323