Vault-13

ISHARES TR ACWI

MSCI ACWI ETF · ETP · CUSIP 464288257 · ISIN US4642882579

812 institutional holders +53 vs Q3 2025
83,071,22783.1m shares reported held*
$11.7bnreported value*
74 new 271 added 228 reduced 45 sold out net bought ≈ $445.1m (+3.2m 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 ($25.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $141.31. Options: 8 managers hold calls ($76.7m notional), 6 hold puts ($123.3m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 550Q4 22: 605Q1 23: 596Q2 23: 602Q3 23: 605Q4 23: 685Q1 24: 660Q2 24: 685Q3 24: 674Q4 24: 721Q1 25: 683Q2 25: 715Q3 25: 759Q4 25: 812812Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022550
Q4 2022605
Q1 2023596
Q2 2023602
Q3 2023605
Q4 2023685
Q1 2024660
Q2 2024685
Q3 2024674
Q4 2024721
Q1 2025683
Q2 2025715
Q3 2025759
Q4 2025812

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 212 bought or addedQ1 24: 327 cut or sold outQ2 24: 282 bought or addedQ2 24: 257 cut or sold outQ2 24Q3 24: 236 bought or addedQ3 24: 266 cut or sold outQ4 24: 322 bought or addedQ4 24: 230 cut or sold outQ4 24Q1 25: 229 bought or addedQ1 25: 338 cut or sold outQ2 25: 333 bought or addedQ2 25: 239 cut or sold outQ2 25Q3 25: 294 bought or addedQ3 25: 259 cut or sold outQ4 25: 345 bought or addedQ4 25: 273 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024212327
Q2 2024282257
Q3 2024236266
Q4 2024322230
Q1 2025229338
Q2 2025333239
Q3 2025294259
Q4 2025345273

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ1 25 calls: $211.4mQ1 25 puts: $43.5mQ1 25P/C 0.21Q2 25 calls: $325.5mQ2 25 puts: $168.3mQ2 25P/C 0.52Q3 25 calls: $295.2mQ3 25 puts: $30.7mQ3 25P/C 0.10Q4 25 calls: $76.7mQ4 25 puts: $123.3mQ4 25P/C 1.61
Numbers
QuarterCallsPutsP/C
Q1 2025$211.4m$43.5m0.21
Q2 2025$325.5m$168.3m0.52
Q3 2025$295.2m$30.7m0.10
Q4 2025$76.7m$123.3m1.61

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +1,911,879+1.9m
MORGAN STANLEY Added +1,438,226+1.4m
NORTHERN TRUST CORP Added +1,428,317+1.4m
Granger Management LLC Added +993,300+993.3k
Corient Private Wealth LP Added +880,184+880.2k
HSBC HOLDINGS PLC Added +781,518+781.5k
GOLDMAN SACHS GROUP INC Added +600,942+600.9k
Capital International Investors Added +570,493+570.5k
COMMON FUND FOR NONPROFIT ORGANIZATIONS Added +502,188+502.2k
BlackRock, Inc. Added +440,786+440.8k

Biggest sellers

Phoenix Financial Ltd. Reduced -5,094,612-5.1m
JPMORGAN CHASE & CO Reduced -1,248,993-1.2m
NATIONAL BANK OF CANADA /FI/ Reduced -722,608-722.6k
NOMURA ASSET MANAGEMENT CO LTD Reduced -622,469-622.5k
OVERSEA-CHINESE BANKING Corp Ltd Reduced -525,500-525.5k
Bank Julius Baer & Co. Ltd, Zurich Reduced -384,528-384.5k
ASSETMARK, INC Reduced -355,872-355.9k
P/E Global LLC Reduced -355,488-355.5k
Privium Fund Management (UK) Ltd Sold out -206,560-206.6k
Johns Hopkins University Reduced -193,053-193.1k

Biggest calls

BlackRock, Inc. Reduced $66.6m471.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.5m31.5k shares
JANE STREET GROUP, LLC Reduced $2.3m16.2k shares
FRANKLIN RESOURCES INC Unchanged $1.4m10.0k shares
Avestar Capital, LLC Unchanged $1.4m10.0k shares
CITADEL ADVISORS LLC New $353.7k2.5k shares
OLD MISSION CAPITAL LLC Reduced $91.3k12.0k shares
Smith & Howard Wealth Management, LLC New $31.0k200 shares

Biggest puts

GOLDMAN SACHS GROUP INC New $43.7m308.8k shares
Centiva Capital, LP New $24.3m171.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $21.7m153.1k shares
CITADEL ADVISORS LLC Added $17.4m123.2k shares
JANE STREET GROUP, LLC Added $16.2m114.4k shares
OLD MISSION CAPITAL LLC Added $9.9k75.7k shares

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 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 8,437,4308.4m $1.2bn $1.2bn 0.07% Added +1.4m +1,438,226
2 Mass General Brigham, Inc 80.62% of their portfolio SOMERVILLE, MA 4,613,9554.6m $652.8m $652.8m 80.62% First filing
3 BNP PARIBAS FINANCIAL MARKETS 0.23% of their portfolio PARIS, I0 2,620,1102.6m $370.7m $370.7m 0.23% Added +1.9m +1,911,879
4 Granger Management LLC 69.49% of their portfolio New York, NY 1,858,1211.9m $262.9m $262.9m 69.49% Added +993.3k +993,300
5 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 1,779,0851.8m $251.7m $251.7m 0.05% Added +89.9k +89,940
6 P/E Global LLC 18.00% of their portfolio BOSTON, MA 1,765,6191.8m $249.8m $249.8m 18.00% Reduced -355.5k -355,488
7 Sageworth Trust Co 10.48% of their portfolio LANCASTER, PA 1,729,8901.7m $244.8m $244.8m 10.48% Reduced -2.1k -2,060
8 Corient Private Wealth LP 0.15% of their portfolio MIAMI, FL 1,647,7571.6m $221.2m $221.2m 0.15% Added +880.2k +880,184
9 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 1,492,5811.5m $211.2m $211.2m 0.03% Added +1.4m +1,428,317
10 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 1,480,9441.5m $209.5m $209.5m 0.06% Added +781.5k +781,518
11 Phoenix Financial Ltd. 2.15% of their portfolio Givatayim, L3 1,401,3381.4m $198.3m $198.3m 2.15% Reduced -5.1m -5,094,612
12 PNC Financial Services Group, Inc. 0.11% of their portfolio Pittsburgh, PA 1,386,9901.4m $196.2m $196.2m 0.11% Added +12.6k +12,647
13 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,360,0201.4m $192.4m $192.4m 0.03% Added +600.9k +600,942
14 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,352,6951.4m $191.4m $191.4m 0.01% Reduced -1.2m -1,248,993
15 ICONIQ Capital, LLC 2.81% of their portfolio SAN FRANCISCO, CA 1,315,8601.3m $186.2m $186.2m 2.81% Reduced -36.9k -36,882
16 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,261,7351.3m $178.5m $178.5m 0.01% Added +186.1k +186,099
17 Sequoia Financial Advisors, LLC 0.99% of their portfolio Akron, OH 1,246,4141.2m $176.4m $176.4m 0.99% Reduced -46.9k -46,910
18 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,216,0461.2m $172.1m $172.1m 0.03% Added +433.0k +432,985
19 PRUDENTIAL PLC 1.25% of their portfolio LONDON, X0 1,100,5041.1m $155.7m $155.7m 1.25% Reduced -42.8k -42,798
20 Allianz Asset Management GmbH 0.18% of their portfolio MUNICH, 2M 1,097,8681.1m $155.3m $155.3m 0.18% Reduced -23.8k -23,787
21 COMMON FUND FOR NONPROFIT ORGANIZATIONS 11.48% of their portfolio NORWALK, CT 998,747998.7k $141.3m $141.3m 11.48% Added +502.2k +502,188
22 BlackRock, Inc. 0.00% of their portfolio New York, NY 924,717924.7k $130.8m $130.8m 0.00% Added +440.8k +440,786
23 Bogart Wealth, LLC 5.17% of their portfolio MCLEAN, VA 910,093910.1k $128.8m $128.8m 5.17% Reduced -8.1k -8,112
24 DIMENSION CAPITAL MANAGEMENT LLC 16.91% of their portfolio Coral Gables, FL 852,915852.9k $120.7m $120.7m 16.91% Reduced -11.3k -11,274
25 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 845,692845.7k $119.7m $119.7m 0.05% Added +118.7k +118,662
26 EVOKE WEALTH, LLC 2.21% of their portfolio Los Angeles, CA 810,919810.9k $114.7m $114.7m 2.21% Reduced -1.9k -1,947
27 CAPITAL ADVISORS INC/OK 1.75% of their portfolio TULSA, OK 769,701769.7k $108.9m $108.9m 1.75% Reduced -187.8k -187,827
28 Capital International Investors 0.02% of their portfolio Los Angeles, CA 762,501762.5k $108.6m $108.6m 0.02% Added +570.5k +570,493
29 Rector, Church-Wardens & Vestrymen of Trinity Church in the City of New-York 43.03% of their portfolio New York, NY 734,331734.3k $103.9m $103.9m 43.03% Unchanged
30 BESSEMER GROUP INC 0.16% of their portfolio WOODBRIDGE, NJ 717,923717.9k $101.6m $101.6m 0.16% Added +228.0k +227,957
31 BROWN ADVISORY INC 0.14% of their portfolio BALTIMORE, MD 705,243705.2k $99.8m $99.8m 0.14% Added +104.8k +104,784
32 IEQ CAPITAL, LLC 0.29% of their portfolio Foster City, CA 689,106689.1k $97.5m $97.5m 0.29% Added +74.5k +74,463
33 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 685,620685.6k $97.0m $97.0m 0.02% Added +15.7k +15,727
34 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.66% of their portfolio Madrid, U3 671,572671.6k $95.3m $95.3m 0.66% Added +167.3k +167,327
35 LOWE BROCKENBROUGH & CO INC 4.52% of their portfolio RICHMOND, VA 649,002649.0k $91.8m $91.8m 4.52% Reduced -61.7k -61,693
36 Verger Capital Management LLC 25.81% of their portfolio Winston-Salem, NC 616,043616.0k $87.2m $87.2m 25.81% Added +67.7k +67,738
37 POLEN CAPITAL MANAGEMENT LLC 0.37% of their portfolio Boca Raton, FL 610,133610.1k $86.3m $86.3m 0.37% Added +419.7k +419,684
38 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 561,722561.7k $79.5m $79.5m 0.05% Added +354.4k +354,380
39 HF Capital, LLC 44.67% of their portfolio KNOXVILLE, TN 529,425529.4k $74.9m $74.9m 44.67% First filing
40 Allianz SE 0.95% of their portfolio Munich, 2M 519,175519.2k $73.5m $73.5m 0.95% Reduced -6.8k -6,756
41 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 516,347516.3k $73.1m $73.1m 0.02% Added +94.4k +94,390
42 OVERSEA-CHINESE BANKING Corp Ltd 1.92% of their portfolio SINGAPORE, U0 491,054491.1k $69.5m $69.5m 1.92% Reduced -525.5k -525,500
43 Mirae Asset Global Investments Co., Ltd. 0.19% of their portfolio SEOUL, M5 483,180483.2k $68.4m $68.4m 0.19% Added +347.1k +347,070
44 Bernicke Wealth Management, Ltd. 8.55% of their portfolio ALTOONA, WI 470,715470.7k $66.6m $66.6m 8.55% First filing
45 CANADA LIFE ASSURANCE Co 0.12% of their portfolio WINNIPEG, A2 467,617467.6k $66.2m $66.2m 0.12% Unchanged
46 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 432,964433.0k $61.3m $61.3m 0.07% Reduced -30.3k -30,253
47 ASSETMARK, INC 0.12% of their portfolio CONCORD, CA 432,461432.5k $61.2m $61.2m 0.12% Reduced -355.9k -355,872
48 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 428,498428.5k $60.6m $60.6m 0.02% Added +64.0k +63,957
49 Blue Trust, Inc. 0.68% of their portfolio BRENTWOOD, TN 422,395422.4k $59.8m $59.8m 0.68% Reduced -2.5k -2,458
50 Mill Creek Capital Advisors, LLC 1.20% of their portfolio Conshohocken, PA 417,884417.9k $59.1m $59.1m 1.20% Reduced -18.6k -18,650
51 Three Bridge Wealth Advisors, LLC 15.46% of their portfolio LOS ALTOS, CA 414,254414.3k $58.6m $58.6m 15.46% Added +2.1k +2,071
52 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 406,085406.1k $57.5m $57.5m 0.01% Added +48.7k +48,740
53 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 364,135364.1k $51.5m $51.5m 0.01% Reduced -66.8k -66,763
54 Lido Advisors, LLC 0.18% of their portfolio Los Angeles, CA 336,645336.6k $46.9m $46.9m 0.18% Reduced -7.0k -6,985
55 Federation des caisses Desjardins du Quebec 0.18% of their portfolio LEVIS, A8 326,330326.3k $46.2m $46.2m 0.18% Added +117.4k +117,367
56 Banco Santander, S.A. 0.34% of their portfolio Madrid, U3 321,149321.1k $45.4m $45.4m 0.34% Added +19.9k +19,932
57 Pathstone Holdings, LLC 0.17% of their portfolio ENGLEWOOD, NJ 317,409317.4k $44.9m $44.9m 0.17% Reduced -288 -288
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 305,603305.6k $44.1m $44.1m 0.06% Added +4.9k +4,934
59 Ayalon Insurance Comp Ltd. 10.17% of their portfolio Ramat Gan, L3 296,297296.3k $41.9m $41.9m 10.17% Added +15.7k +15,726
60 BRANDYWINE MANAGERS, LLC 20.54% of their portfolio HOCKESSIN, DE 293,679293.7k $41.6m $41.6m 20.54% Unchanged
61 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 289,345289.3k $40.9m $40.9m 0.05% Added +114.2k +114,189
62 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 288,803288.8k $40.9m $40.9m 0.05% Reduced -20.4k -20,395
63 PARTNERS CAPITAL INVESTMENT GROUP, LLP 1.52% of their portfolio BOSTON, MA 288,213288.2k $40.8m $40.8m 1.52% Reduced -117.8k -117,751
64 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 284,214284.2k $40.2m $40.2m 0.05% Added +1.2k +1,179
65 Birnam Oak Advisors, LP 8.77% of their portfolio New York, NY 276,800276.8k $39.2m $39.2m 8.77% Unchanged
66 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.62% of their portfolio BOSTON, MA 267,543267.5k $37.9m $37.9m 0.62% Added +7.1k +7,066
67 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 265,663265.7k $37.6m $37.6m 0.05% Reduced -14.3k -14,288
68 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 262,973263.0k $37.2m $37.2m 0.05% Added +47.4k +47,350
69 Erste Asset Management GmbH 0.30% of their portfolio VIENNA, C4 251,802251.8k $35.6m $35.6m 0.30% Reduced -13.0k -13,030
70 Pathway Financial Advisors LLC 4.45% of their portfolio SOUTH BURLINGTON, VT 245,406245.4k $35.4m $35.4m 4.45% Added +1.1k +1,075
71 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 244,699244.7k $34.6m $34.6m 0.05% Reduced -103.3k -103,316
72 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 232,544232.5k $32.9m $32.9m 0.02% Added +22.6k +22,562
73 Drake & Associates, LLC 6.30% of their portfolio WAUKESHA, WI 223,385223.4k $31.6m $31.6m 6.30% Added +19.2k +19,161
74 Purpose Unlimited Inc. 1.44% of their portfolio TORONTO, A6 222,800222.8k $31.5m $31.5m 1.44% First filing
75 OLD NATIONAL BANCORP /IN/ 0.50% of their portfolio EVANSVILLE, IN 211,172211.2k $29.9m $29.9m 0.50% Added +4.3k +4,265
76 SENTINEL TRUST CO LBA 2.89% of their portfolio HOUSTON, TX 207,698207.7k $29.4m $29.4m 2.89% Unchanged
77 BANK HAPOALIM BM 2.48% of their portfolio TEL AVIV, L3 201,782201.8k $28.6m $28.6m 2.48% Added +174.8k +174,782
78 Clal Insurance Enterprises Holdings Ltd 0.18% of their portfolio Tel-aviv, L3 200,000200.0k $28.3m $28.3m 0.18% Added +135.0k +135,000
79 OXFORD FINANCIAL GROUP, LTD. LLC 1.55% of their portfolio INDIANAPOLIS, IN 199,890199.9k $28.3m $28.3m 1.55% Reduced -10.2k -10,198
80 Circle Wealth Management, LLC 0.43% of their portfolio SUMMIT, NJ 199,113199.1k $28.2m $28.2m 0.43% Added +11.5k +11,503
81 Waldron Private Wealth LLC 1.11% of their portfolio BRIDGEVILLE, PA 199,089199.1k $28.2m $28.2m 1.11% Added +11 +11
82 Gotham Asset Management, LLC 0.10% of their portfolio NEW YORK, NY 195,402195.4k $27.6m $27.6m 0.10% Added +13.3k +13,255
83 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 194,677194.7k $27.5m $27.5m 0.05% Added +15.6k +15,575
84 GFS Advisors, LLC 3.26% of their portfolio HOUSTON, TX 194,095194.1k $27.5m $27.5m 3.26% Reduced -3.8k -3,775
85 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 192,668192.7k $27.4m $27.4m 0.02% Reduced -50.6k -50,625
86 Naviter Wealth, LLC 3.52% of their portfolio LITTLE ROCK, AR 190,719190.7k $27.0m $27.0m 3.52% Reduced -121.1k -121,080
87 Quantinno Capital Management LP 0.05% of their portfolio NEW YORK, NY 189,758189.8k $26.8m $26.8m 0.05% Reduced -25.6k -25,572
88 Jasper Ridge Partners, L.P. 0.59% of their portfolio MENLO PARK, CA 188,229188.2k $26.6m $26.6m 0.59% Reduced -23.2k -23,152
89 JENNISON ASSOCIATES LLC 0.02% of their portfolio NEW YORK, NY 181,265181.3k $25.6m $25.6m 0.02% Added +154.8k +154,778
90 Johns Hopkins University 1.87% of their portfolio BALTIMORE, MD 181,055181.1k $25.6m $25.6m 1.87% Reduced -193.1k -193,053
91 EQUITABLE TRUST CO 1.09% of their portfolio NASHVILLE, TN 172,620172.6k $24.4m $24.4m 1.09% Reduced -4.7k -4,741
92 Bricktown Capital, LLC 3.91% of their portfolio DETROIT, MI 164,318164.3k $23.2m $23.2m 3.91% Reduced -13.1k -13,111
93 Allen Investment Management, LLC 0.25% of their portfolio NEW YORK, NY 158,528158.5k $22.4m $22.4m 0.25% Added +2.0k +2,034
94 Cresset Asset Management, LLC 0.09% of their portfolio Chicago, IL 156,652156.7k $22.2m $22.2m 0.09% Added +7.3k +7,291
95 Topor & Co. Korea 16.46% of their portfolio SEOUL, M5 154,434154.4k $21.9m $21.9m 16.46% First filing
96 PRUDENTIAL FINANCIAL INC 0.03% of their portfolio NEWARK, NJ 148,900148.9k $21.1m $21.1m 0.03% Added +119.2k +119,200
97 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 148,259148.3k $21.0m $21.0m 0.00% Reduced -14.7k -14,684
98 WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio LAGUNA BEACH, CA 139,895139.9k $19.9m $19.9m 0.04% New
99 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 136,321136.3k $19.3m $19.3m 0.02% Added +84.8k +84,842
100 Sepio Capital, LP 1.05% of their portfolio Salt Lake City, UT 135,697135.7k $19.2m $19.2m 1.05% Reduced -6.1k -6,118