Vault-13

ISHARES TR SCZ

EAFE SML CP ETF · ETP · CUSIP 464288273

708 institutional holders -12 vs Q2 2025
102,796,067102.8m shares reported held*
$7.9bnreported value*
37 new 184 added 289 reduced 42 sold out net bought ≈ $49.9m (+595.8k 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 ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.66. Options: 1 managers hold calls ($483.3k notional), 1 hold puts ($487.1k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 633Q4 22: 685Q1 23: 682Q2 23: 670Q3 23: 654Q4 23: 710Q1 24: 684Q2 24: 664Q3 24: 695Q4 24: 710Q1 25: 691Q2 25: 720Q3 25: 708708Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022633
Q4 2022685
Q1 2023682
Q2 2023670
Q3 2023654
Q4 2023710
Q1 2024684
Q2 2024664
Q3 2024695
Q4 2024710
Q1 2025691
Q2 2025720
Q3 2025708

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 276 bought or addedQ4 23: 309 cut or sold outQ1 24: 236 bought or addedQ1 24: 336 cut or sold outQ1 24Q2 24: 275 bought or addedQ2 24: 322 cut or sold outQ3 24: 238 bought or addedQ3 24: 313 cut or sold outQ3 24Q4 24: 311 bought or addedQ4 24: 293 cut or sold outQ1 25: 234 bought or addedQ1 25: 344 cut or sold outQ1 25Q2 25: 309 bought or addedQ2 25: 305 cut or sold outQ3 25: 221 bought or addedQ3 25: 331 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023276309
Q1 2024236336
Q2 2024275322
Q3 2024238313
Q4 2024311293
Q1 2025234344
Q2 2025309305
Q3 2025221331

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ4 24 calls: $656.1kQ4 24 puts: $285.5kQ4 24P/C 0.44Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $483.3kQ3 25 puts: $487.1kQ3 25P/C 1.01
Numbers
QuarterCallsPutsP/C
Q4 2024$656.1k$285.5k0.44
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$483.3k$487.1k1.01

Biggest buyers

JPMORGAN CHASE & CO Added +1,811,212+1.8m
Global Alpha Capital Management Ltd. New +893,600+893.6k
Cetera Investment Advisers Added +764,375+764.4k
JONES FINANCIAL COMPANIES LLLP Added +655,170+655.2k
TIAA TRUST, NATIONAL ASSOCIATION Added +495,854+495.9k
MORGAN STANLEY Added +449,170+449.2k
MERCER GLOBAL ADVISORS INC /ADV Added +342,521+342.5k
State of New Jersey Common Pension Fund D Added +142,269+142.3k
Wilmington Savings Fund Society, FSB Added +121,771+121.8k
BlackRock, Inc. Added +104,664+104.7k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,407,851-1.4m
NATIXIS ADVISORS, LLC Reduced -505,570-505.6k
JANE STREET GROUP, LLC Reduced -391,814-391.8k
UBS Group AG Reduced -382,028-382.0k
BANK OF AMERICA CORP /DE/ Reduced -365,743-365.7k
FLOW TRADERS U.S. LLC Reduced -318,527-318.5k
Mariner, LLC Reduced -225,741-225.7k
WELLINGTON MANAGEMENT GROUP LLP Reduced -217,610-217.6k
Cambridge Investment Research Advisors, Inc. Reduced -175,588-175.6k
FRANKLIN RESOURCES INC Reduced -173,686-173.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $483.3k6.3k shares

Biggest puts

BOOTHBAY FUND MANAGEMENT, LLC New $487.1k6.0k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TIAA TRUST, NATIONAL ASSOCIATION 2.84% of their portfolio CHARLOTTE, NC 15,303,73615.3m $1.2bn $1.2bn 2.84% Added +495.9k +495,854
2 JONES FINANCIAL COMPANIES LLLP 0.59% of their portfolio DES PERES, MO 11,290,25511.3m $860.5m $860.5m 0.59% Added +655.2k +655,170
3 NATIXIS ADVISORS, LLC 1.08% of their portfolio Boston, MA 9,640,9909.6m $739.7m $739.7m 1.08% Reduced -505.6k -505,570
4 Creative Planning 0.24% of their portfolio OVERLAND PARK, KS 4,145,7734.1m $318.1m $318.1m 0.24% Reduced -133.5k -133,499
5 State of New Jersey Common Pension Fund D 1.05% of their portfolio TRENTON, NJ 3,702,8263.7m $284.1m $284.1m 1.05% Added +142.3k +142,269
6 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 3,583,6243.6m $274.9m $274.9m 0.01% Added +1.8m +1,811,212
7 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,421,6563.4m $262.5m $262.5m 0.00% Added +104.7k +104,664
8 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 3,159,7473.2m $242.4m $242.4m 0.04% Reduced -84.1k -84,132
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,815,9402.8m $216.0m $216.0m 0.01% Added +449.2k +449,170
10 FMR LLC 0.01% of their portfolio BOSTON, MA 2,759,1582.8m $211.7m $211.7m 0.01% Added +78.7k +78,696
11 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,755,8682.8m $211.4m $211.4m 0.03% Reduced -93.6k -93,585
12 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,639,7271.6m $125.8m $125.8m 0.01% Reduced -365.7k -365,743
13 Focus Partners Wealth 0.16% of their portfolio ST LOUIS, MO 1,315,0691.3m $100.9m $100.9m 0.16% Added +19.8k +19,756
14 Cassaday & Co Wealth Management LLC 2.22% of their portfolio MCLEAN, VA 1,253,1781.3m $96.1m $96.1m 2.22% Reduced -9.5k -9,458
15 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,231,7031.2m $94.5m $94.5m 0.01% Added +32.4k +32,437
16 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 1,038,7811.0m $79.7m $79.7m 0.09% Added +764.4k +764,375
17 Modera Wealth Management, LLC 0.88% of their portfolio WESTWOOD, NJ 990,947990.9k $76.0m $76.0m 0.88% Reduced -22.8k -22,790
18 Global Alpha Capital Management Ltd. 3.92% of their portfolio MONTREAL, A8 893,600893.6k $68.6m $68.6m 3.92% New
19 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 850,561850.6k $65.3m $65.3m 0.02% Added +48.1k +48,058
20 UBS Group AG 0.01% of their portfolio ZURICH, V8 824,546824.5k $63.3m $63.3m 0.01% Reduced -382.0k -382,028
21 Wilmington Savings Fund Society, FSB 1.44% of their portfolio WILMINGTON, DE 777,653777.7k $59.7m $59.7m 1.44% Added +121.8k +121,771
22 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 707,588707.6k $54.3m $54.3m 0.06% Reduced -20.1k -20,122
23 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 690,821690.8k $53.0m $53.0m 0.02% Added +1.8k +1,820
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 630,381630.4k $48.4m $48.4m 0.03% Added +39.3k +39,319
25 State of Tennessee, Department of Treasury 0.16% of their portfolio NASHVILLE, TN 624,292624.3k $47.9m $47.9m 0.16% Reduced -13.4k -13,356
26 Forvis Mazars Wealth Advisors, LLC 0.94% of their portfolio Springfield, MO 616,049616.0k $47.3m $47.3m 0.94% Reduced -33.1k -33,068
27 Financial Advisory Corp 6.75% of their portfolio Grand Rapids, MI 597,672597.7k $45.9m $45.9m 6.75% Reduced -41.9k -41,901
28 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 586,229586.2k $45.0m $45.0m 0.01% Reduced -4.4k -4,394
29 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 536,602536.6k $41.2m $41.2m 0.02% Reduced -74.4k -74,366
30 Baker Avenue Asset Management, LP 0.87% of their portfolio SAN FRANCISCO, CA 473,346473.3k $36.3m $36.3m 0.87% Added +603 +603
31 MONETA GROUP INVESTMENT ADVISORS LLC 0.29% of their portfolio ST LOUIS, MO 468,555468.6k $35.9m $35.9m 0.29% Reduced -2.1k -2,124
32 Plancorp, LLC 1.00% of their portfolio SAINT LOUIS, MO 413,610413.6k $31.7m $31.7m 1.00% Reduced -571 -571
33 Ballentine Partners, LLC 0.42% of their portfolio Waltham, MA 398,696398.7k $30.6m $30.6m 0.42% Reduced -4.2k -4,224
34 Wealthcare Advisory Partners LLC 0.63% of their portfolio WEST CHESTER, PA 393,932393.9k $30.2m $30.2m 0.63% Reduced -1.1k -1,085
35 HALBERT HARGROVE GLOBAL ADVISORS, LLC 1.45% of their portfolio LONG BEACH, CA 385,169385.2k $29.6m $29.6m 1.45% Reduced -13.4k -13,384
36 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 381,567381.6k $29.3m $29.3m 0.05% Added +342.5k +342,521
37 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 362,922362.9k $27.8m $27.8m 0.04% Reduced -25.2k -25,195
38 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 358,100358.1k $27.5m $27.5m 0.01% Added +27.3k +27,279
39 MAI Capital Management 0.17% of their portfolio INDEPENDENCE, OH 348,482348.5k $26.7m $26.7m 0.17% Added +8.1k +8,141
40 CHOREO, LLC 0.34% of their portfolio ROCKFORD, IL 339,984340.0k $26.1m $26.1m 0.34% Reduced -9.5k -9,459
41 Arvest Bank Trust Division 1.37% of their portfolio DEWEY, OK 322,091322.1k $24.7m $24.7m 1.37% Reduced -10.1k -10,082
42 Bear Mountain Capital, Inc. 8.15% of their portfolio SEATTLE, WA 319,306319.3k $24.4m $24.4m 8.15% Reduced -660 -660
43 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 317,131317.1k $24.3m $24.3m 0.00% Reduced -217.6k -217,610
44 Shakespeare Wealth Management, LLC 5.05% of their portfolio Pewaukee, WI 289,424289.4k $22.2m $22.2m 5.05% Reduced -2 -2
45 GREAT LAKES ADVISORS, LLC 0.18% of their portfolio CHICAGO, IL 286,116286.1k $22.0m $22.0m 0.18% Reduced -546 -546
46 Pure Financial Advisors, LLC 0.35% of their portfolio SAN DIEGO, CA 283,409283.4k $21.7m $21.7m 0.35% Reduced -777 -777
47 Mill Creek Capital Advisors, LLC 0.45% of their portfolio Conshohocken, PA 283,037283.0k $21.7m $21.7m 0.45% Added +527 +527
48 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 274,993275.0k $21.1m $21.1m 0.02% Reduced -391.8k -391,814
49 Full Sail Capital, LLC 1.11% of their portfolio OKLAHOMA CITY, OK 261,386261.4k $20.1m $20.1m 1.11% Reduced -16.7k -16,680
50 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 248,198248.2k $19.0m $19.0m 0.02% Added +1.2k +1,160
51 Savant Capital, LLC 0.11% of their portfolio ROCKFORD, IL 242,604242.6k $18.6m $18.6m 0.11% Added +48.6k +48,645
52 Shore Point Advisors, LLC 7.88% of their portfolio BRIELLE, NJ 232,245232.2k $17.8m $17.8m 7.88% Reduced -15.7k -15,735
53 Aspect Partners, LLC 8.09% of their portfolio FAIRFAX, VA 232,111232.1k $17.8m $17.8m 8.09% Reduced -3.4k -3,438
54 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 221,820221.8k $17.0m $17.0m 0.02% Reduced -9.0k -9,020
55 FIFTH THIRD BANCORP 0.05% of their portfolio CINCINNATI, OH 218,856218.9k $16.8m $16.8m 0.05% Added +14.8k +14,849
56 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 218,745218.7k $16.8m $16.8m 0.02% Reduced -32.5k -32,517
57 MISSION WEALTH MANAGEMENT, LP 0.33% of their portfolio Santa Barbara, CA 211,890211.9k $16.3m $16.3m 0.33% Added +6.4k +6,399
58 FSM Wealth Advisors, LLC 2.27% of their portfolio CLEVELAND, OH 209,009209.0k $16.0m $16.0m 2.27% Added +37.5k +37,535
59 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 204,783204.8k $15.7m $15.7m 0.00% Reduced -173.7k -173,686
60 Envestnet Portfolio Solutions, Inc. 0.06% of their portfolio BERWYN, PA 201,145201.1k $15.4m $15.4m 0.06% Added +30.7k +30,674
61 FIRST CITIZENS BANK & TRUST CO 0.33% of their portfolio RALEIGH, NC 198,314198.3k $15.2m $15.2m 0.33% Added +28.2k +28,181
62 Checchi Capital Advisers, LLC 1.01% of their portfolio BEVERLY HILLS, CA 191,068191.1k $14.7m $14.7m 1.01% Reduced -1.7k -1,744
63 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 191,017191.0k $14.7m $14.7m 0.00% Reduced -91.2k -91,191
64 EXENCIAL WEALTH ADVISORS, LLC 0.46% of their portfolio OKLAHOMA CITY, OK 182,280182.3k $14.0m $14.0m 0.46% Reduced -3.0k -3,018
65 Wealth Architects, LLC 1.31% of their portfolio MOUNTAIN VIEW, CA 180,963181.0k $13.9m $13.9m 1.31% Reduced -7.5k -7,513
66 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 177,696177.7k $13.6m $13.6m 0.02% Added +11.5k +11,503
67 RTD Financial Advisors, Inc. 1.62% of their portfolio Philadelphia, PA 175,624175.6k $13.5m $13.5m 1.62% Added +1.9k +1,869
68 Bryn Mawr Trust Advisors, LLC 0.63% of their portfolio PHILADELPHIA, PA 164,832164.8k $12.6m $12.6m 0.63% Added +37.1k +37,083
69 Klingman & Associates, LLC 0.62% of their portfolio New York, NY 159,550159.6k $12.2m $12.2m 0.62% Reduced -3.1k -3,118
70 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 159,337159.3k $12.3m $12.3m 0.02% Reduced -24.0k -24,022
71 Financiere des Professionnels - Fonds d'investissement inc. 0.69% of their portfolio MONTREAL, A8 156,900156.9k $12.0m $12.0m 0.69% Reduced -85.0k -85,000
72 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 155,842155.8k $12.0m $12.0m 0.05% Added +5.6k +5,615
73 Mariner, LLC 0.02% of their portfolio Overland Park, KS 155,491155.5k $11.9m $11.9m 0.02% Reduced -225.7k -225,741
74 Brand Asset Management Group, Inc. 3.33% of their portfolio CHESTERFIELD, MO 154,236154.2k $11.8m $11.8m 3.33% Reduced -23.7k -23,738
75 Pathstone Holdings, LLC 0.04% of their portfolio ENGLEWOOD, NJ 152,713152.7k $11.7m $11.7m 0.04% Reduced -102.9k -102,890
76 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 149,987150.0k $11.5m $11.5m 0.02% Reduced -7.6k -7,570
77 Alesco Advisors, LLC, An ESL Co 0.31% of their portfolio Pittsford, NY 148,059148.1k $11.4m $11.4m 0.31% Reduced -4.1k -4,103
78 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 147,347147.3k $11.3m $11.3m 0.00% Reduced -1.4m -1,407,851
79 Omega Financial Group, LLC 3.60% of their portfolio Santa Barbara, CA 139,386139.4k $10.7m $10.7m 3.60% Reduced -264 -264
80 Shoker Investment Counsel, Inc. 3.10% of their portfolio OXFORD, OH 136,829136.8k $10.5m $10.5m 3.10% Reduced -146 -146
81 DORVAL Corp 3.38% of their portfolio MAPLE GROVE, MN 133,201133.2k $10.2m $10.2m 3.38% Added +2.5k +2,478
82 IMA Advisory Services, Inc. 1.02% of their portfolio DENVER, CO 132,707132.7k $10.2m $10.2m 1.02% Reduced -3.7k -3,693
83 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 131,210131.2k $10.1m $10.1m 0.00% Reduced -12.6k -12,563
84 WESCAP Management Group, Inc. 2.10% of their portfolio Glendale, CA 130,330130.3k $10.0m $10.0m 2.10% Reduced -813 -813
85 Sound Stewardship, LLC 4.74% of their portfolio Overland Park, KS 128,812128.8k $9.9m $9.9m 4.74% Reduced -720 -720
86 M&T Bank Corp 0.03% of their portfolio BUFFALO, NY 128,063128.1k $9.8m $9.8m 0.03% Reduced -9.2k -9,161
87 Cullen/Frost Bankers, Inc. 0.11% of their portfolio San Antonio, TX 123,994124.0k $9.5m $9.5m 0.11% Added +1.5k +1,519
88 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 123,213123.2k $9.4m $9.4m 0.00% Added +11.5k +11,457
89 Focus Partners Advisor Solutions, LLC 0.11% of their portfolio SAINT LOUIS, MO 122,901122.9k $9.4m $9.4m 0.11% Added +29.2k +29,157
90 Sterling Capital Management LLC 0.13% of their portfolio CHARLOTTE, NC 119,563119.6k $9.2m $9.2m 0.13% Reduced -8.0k -7,969
91 Charles Schwab Trust Co 0.62% of their portfolio HENDERSON, NV 119,391119.4k $9.2m $9.2m 0.62% Added +2.3k +2,299
92 Ifrah Financial Services, Inc. 2.37% of their portfolio Little Rock, AR 119,353119.4k $9.2m $9.2m 2.37% Reduced -1.2k -1,232
93 SACHEM HILL LLC 1.82% of their portfolio DENVER, CO 118,798118.8k $9.1m $9.1m 1.82% Reduced -10.0k -10,041
94 BRIGHTON JONES LLC 0.21% of their portfolio SEATTLE, WA 116,681116.7k $9.0m $9.0m 0.21% Reduced -1.3k -1,341
95 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 114,534114.5k $8.8m $8.8m 0.02% Reduced -175.6k -175,588
96 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 112,426112.4k $8.6m $8.6m 0.01% Reduced -6.2k -6,239
97 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 111,259111.3k $8.5m $8.5m 0.01% Reduced -11.1k -11,123
98 Waverly Advisors, LLC 0.08% of their portfolio BIRMINGHAM, AL 108,948108.9k $8.4m $8.4m 0.08% Reduced -1.7k -1,664
99 Integrated Wealth Concepts LLC 0.07% of their portfolio WALTHAM, MA 108,937108.9k $8.4m $8.4m 0.07% Added +10.9k +10,900
100 Fonville Wealth Management LLC 1.84% of their portfolio RICHMOND, VA 106,526106.5k $8.2m $8.2m 1.84% Added +4.9k +4,934