Vault-13

ISHARES TR SCZ

EAFE SML CP ETF · ETP · CUSIP 464288273

754 institutional holders +46 vs Q3 2025
125,289,233125.3m shares reported held*
$9.7bnreported value*
57 new 256 added 230 reduced 47 sold out net bought ≈ $1.7bn (+22.4m 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.56. Options: 1 managers hold calls ($310.1k notional), 1 hold puts ($3.0m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 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: 708Q4 25: 754754Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025754

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 236 bought or addedQ1 24: 336 cut or sold outQ2 24: 275 bought or addedQ2 24: 322 cut or sold outQ2 24Q3 24: 238 bought or addedQ3 24: 313 cut or sold outQ4 24: 311 bought or addedQ4 24: 293 cut or sold outQ4 24Q1 25: 234 bought or addedQ1 25: 344 cut or sold outQ2 25: 309 bought or addedQ2 25: 305 cut or sold outQ2 25Q3 25: 221 bought or addedQ3 25: 331 cut or sold outQ4 25: 313 bought or addedQ4 25: 277 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024236336
Q2 2024275322
Q3 2024238313
Q4 2024311293
Q1 2025234344
Q2 2025309305
Q3 2025221331
Q4 2025313277

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 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 1.01Q4 25 calls: $310.1kQ4 25 puts: $3.0mQ4 25P/C 9.75
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$483.3k$487.1k1.01
Q4 2025$310.1k$3.0m9.75

Biggest buyers

JONES FINANCIAL COMPANIES LLLP Added +23,794,915+23.8m
NATIXIS ADVISORS, LLC Added +1,490,692+1.5m
WELLINGTON MANAGEMENT GROUP LLP Added +875,704+875.7k
Corient Private Wealth LP Added +614,404+614.4k
TIAA TRUST, NATIONAL ASSOCIATION Added +216,767+216.8k
BANK OF AMERICA CORP /DE/ Added +172,772+172.8k
Sequoia Financial Advisors, LLC Added +170,001+170.0k
Nuveen, LLC Added +120,294+120.3k
Wilmington Savings Fund Society, FSB Added +98,743+98.7k
CWM, LLC Added +74,409+74.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -2,261,886-2.3m
Global Alpha Capital Management Ltd. Sold out -893,600-893.6k
MORGAN STANLEY Reduced -426,602-426.6k
GREAT LAKES ADVISORS, LLC Sold out -286,116-286.1k
JANE STREET GROUP, LLC Sold out -274,993-275.0k
Aspect Partners, LLC Reduced -216,907-216.9k
Creative Planning Reduced -144,669-144.7k
FRANKLIN RESOURCES INC Reduced -124,764-124.8k
Lido Advisors, LLC Reduced -123,322-123.3k
Shore Point Advisors, LLC Reduced -110,505-110.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $310.1k4.0k shares

Biggest puts

BOOTHBAY FUND MANAGEMENT, LLC Added $3.0m37.5k 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 JONES FINANCIAL COMPANIES LLLP 1.66% of their portfolio DES PERES, MO 35,085,17035.1m $2.7bn $2.7bn 1.66% Added +23.8m +23,794,915
2 TIAA TRUST, NATIONAL ASSOCIATION 2.89% of their portfolio CHARLOTTE, NC 15,520,50315.5m $1.2bn $1.2bn 2.89% Added +216.8k +216,767
3 NATIXIS ADVISORS, LLC 1.22% of their portfolio Boston, MA 11,131,68211.1m $863.0m $863.0m 1.22% Added +1.5m +1,490,692
4 Creative Planning 0.22% of their portfolio OVERLAND PARK, KS 4,001,1044.0m $310.2m $310.2m 0.22% Reduced -144.7k -144,669
5 State of New Jersey Common Pension Fund D 1.04% of their portfolio TRENTON, NJ 3,702,8263.7m $287.1m $287.1m 1.04% Unchanged
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,405,7643.4m $264.0m $264.0m 0.00% Reduced -15.9k -15,892
7 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 3,153,6293.2m $244.5m $244.5m 0.04% Reduced -6.1k -6,118
8 FMR LLC 0.01% of their portfolio BOSTON, MA 2,711,8582.7m $210.3m $210.3m 0.01% Reduced -47.3k -47,300
9 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,691,6962.7m $208.7m $208.7m 0.03% Reduced -64.2k -64,172
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,389,3382.4m $185.2m $185.2m 0.01% Reduced -426.6k -426,602
11 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,812,4991.8m $140.5m $140.5m 0.01% Added +172.8k +172,772
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,321,7381.3m $102.5m $102.5m 0.01% Reduced -2.3m -2,261,886
13 Focus Partners Wealth 0.11% of their portfolio ST LOUIS, MO 1,295,8331.3m $100.2m $100.2m 0.11% Reduced -19.2k -19,236
14 Cassaday & Co Wealth Management LLC 2.08% of their portfolio MCLEAN, VA 1,271,3101.3m $98.6m $98.6m 2.08% Added +18.1k +18,132
15 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,265,6191.3m $98.1m $98.1m 0.01% Added +33.9k +33,916
16 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 1,192,8351.2m $92.5m $92.5m 0.02% Added +875.7k +875,704
17 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 1,076,5331.1m $83.5m $83.5m 0.09% Added +37.8k +37,752
18 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 977,326977.3k $75.8m $75.8m 0.05% Added +614.4k +614,404
19 Modera Wealth Management, LLC 0.82% of their portfolio WESTWOOD, NJ 916,255916.3k $71.0m $71.0m 0.82% Reduced -74.7k -74,692
20 Wilmington Savings Fund Society, FSB 1.59% of their portfolio WILMINGTON, DE 876,396876.4k $67.9m $67.9m 1.59% Added +98.7k +98,743
21 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 856,401856.4k $66.4m $66.4m 0.02% Added +5.8k +5,840
22 UBS Group AG 0.01% of their portfolio ZURICH, V8 775,701775.7k $60.1m $60.1m 0.01% Reduced -48.8k -48,845
23 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 718,260718.3k $55.7m $55.7m 0.02% Added +27.4k +27,439
24 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 691,409691.4k $53.6m $53.6m 0.06% Reduced -16.2k -16,179
25 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 663,595663.6k $51.4m $51.4m 0.03% Added +33.2k +33,214
26 State of Tennessee, Department of Treasury 0.16% of their portfolio NASHVILLE, TN 625,957626.0k $51.2m $51.2m 0.16% Added +1.7k +1,665
27 Forvis Mazars Wealth Advisors, LLC 0.87% of their portfolio Springfield, MO 594,386594.4k $46.1m $46.1m 0.87% Reduced -21.7k -21,663
28 Financial Advisory Corp 6.69% of their portfolio Grand Rapids, MI 592,938592.9k $46.0m $46.0m 6.69% Reduced -4.7k -4,734
29 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 586,124586.1k $45.4m $45.4m 0.01% Reduced -105 -105
30 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 512,070512.1k $39.7m $39.7m 0.02% Reduced -24.5k -24,532
31 MONETA GROUP INVESTMENT ADVISORS LLC 0.26% of their portfolio ST LOUIS, MO 446,904446.9k $34.6m $34.6m 0.26% Reduced -21.7k -21,651
32 Baker Avenue Asset Management, LP 0.80% of their portfolio SAN FRANCISCO, CA 444,946444.9k $34.5m $34.5m 0.80% Reduced -28.4k -28,400
33 Plancorp, LLC 0.97% of their portfolio SAINT LOUIS, MO 414,803414.8k $32.2m $32.2m 0.97% Added +1.2k +1,193
34 Wealthcare Advisory Partners LLC 0.61% of their portfolio WEST CHESTER, PA 403,688403.7k $31.3m $31.3m 0.61% Added +9.8k +9,756
35 HALBERT HARGROVE GLOBAL ADVISORS, LLC 1.42% of their portfolio LONG BEACH, CA 382,888382.9k $29.7m $29.7m 1.42% Reduced -2.3k -2,281
36 MAI Capital Management 0.16% of their portfolio INDEPENDENCE, OH 366,825366.8k $28.4m $28.4m 0.16% Added +18.3k +18,343
37 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 362,499362.5k $28.1m $28.1m 0.01% Added +4.4k +4,399
38 Bear Mountain Capital, Inc. 8.45% of their portfolio SEATTLE, WA 325,320325.3k $26.2m $26.2m 8.45% Added +6.0k +6,014
39 CHOREO, LLC 0.32% of their portfolio ROCKFORD, IL 325,234325.2k $25.3m $25.3m 0.32% Reduced -14.8k -14,750
40 Arvest Bank Trust Division 1.34% of their portfolio DEWEY, OK 318,514318.5k $24.7m $24.7m 1.34% Reduced -3.6k -3,577
41 MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio DENVER, CO 302,170302.2k $23.4m $23.4m 0.04% Reduced -79.4k -79,397
42 Shakespeare Wealth Management, LLC 5.05% of their portfolio Pewaukee, WI 294,944294.9k $22.9m $22.9m 5.05% Added +5.5k +5,520
43 Ballentine Partners, LLC 0.32% of their portfolio Waltham, MA 292,689292.7k $22.7m $22.7m 0.32% Reduced -106.0k -106,007
44 Pure Financial Advisors, LLC 0.33% of their portfolio SAN DIEGO, CA 289,090289.1k $22.4m $22.4m 0.33% Added +5.7k +5,681
45 Mill Creek Capital Advisors, LLC 0.42% of their portfolio Conshohocken, PA 267,491267.5k $20.7m $20.7m 0.42% Reduced -15.5k -15,546
46 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 251,504251.5k $19.5m $19.5m 0.01% Added +120.3k +120,294
47 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 248,964249.0k $19.3m $19.3m 0.02% Added +766 +766
48 MISSION WEALTH MANAGEMENT, LP 0.35% of their portfolio Santa Barbara, CA 223,998224.0k $17.4m $17.4m 0.35% Added +12.1k +12,108
49 FIFTH THIRD BANCORP 0.05% of their portfolio CINCINNATI, OH 221,491221.5k $17.2m $17.2m 0.05% Added +2.6k +2,635
50 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 220,771220.8k $17.1m $17.1m 0.02% Reduced -1.0k -1,049
51 FSM Wealth Advisors, LLC 2.32% of their portfolio CLEVELAND, OH 218,421218.4k $16.9m $16.9m 2.32% Added +9.4k +9,412
52 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 213,922213.9k $16.6m $16.6m 0.02% Reduced -4.8k -4,823
53 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 203,887203.9k $15.8m $15.8m 0.00% Added +12.9k +12,870
54 Envestnet Portfolio Solutions, Inc. 0.06% of their portfolio BERWYN, PA 203,142203.1k $15.7m $15.7m 0.06% Added +2.0k +1,997
55 FIRST CITIZENS BANK & TRUST CO 0.33% of their portfolio RALEIGH, NC 201,370201.4k $15.6m $15.6m 0.33% Added +3.1k +3,056
56 Bryn Mawr Trust Advisors, LLC 0.75% of their portfolio PHILADELPHIA, PA 199,856199.9k $15.5m $15.5m 0.75% Added +35.0k +35,024
57 Savant Capital, LLC 0.08% of their portfolio ROCKFORD, IL 189,191189.2k $14.7m $14.7m 0.08% Reduced -53.4k -53,413
58 Sequoia Financial Advisors, LLC 0.08% of their portfolio Akron, OH 187,107187.1k $14.5m $14.5m 0.08% Added +170.0k +170,001
59 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 185,244185.2k $14.4m $14.4m 0.02% Added +7.5k +7,548
60 Checchi Capital Advisers, LLC 0.97% of their portfolio BEVERLY HILLS, CA 184,372184.4k $14.3m $14.3m 0.97% Reduced -6.7k -6,696
61 EXENCIAL WEALTH ADVISORS, LLC 0.45% of their portfolio OKLAHOMA CITY, OK 182,064182.1k $14.1m $14.1m 0.45% Reduced -216 -216
62 Wealth Architects, LLC 1.26% of their portfolio MOUNTAIN VIEW, CA 179,965180.0k $14.0m $14.0m 1.26% Reduced -998 -998
63 RTD Financial Advisors, Inc. 1.63% of their portfolio Philadelphia, PA 172,300172.3k $13.4m $13.4m 1.63% Reduced -3.3k -3,324
64 Mariner, LLC 0.01% of their portfolio Overland Park, KS 159,401159.4k $12.4m $12.4m 0.01% Added +3.9k +3,910
65 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 157,743157.7k $12.2m $12.2m 0.02% Added +7.8k +7,756
66 Klingman & Associates, LLC 0.59% of their portfolio New York, NY 157,675157.7k $12.2m $12.2m 0.59% Reduced -1.9k -1,875
67 Financiere des Professionnels - Fonds d'investissement inc. 0.69% of their portfolio MONTREAL, A8 156,900156.9k $12.2m $12.2m 0.69% Unchanged
68 Pathstone Holdings, LLC 0.05% of their portfolio ENGLEWOOD, NJ 153,204153.2k $11.9m $11.9m 0.05% Added +491 +491
69 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 152,565152.6k $11.8m $11.8m 0.00% Added +5.2k +5,218
70 Brand Asset Management Group, Inc. 3.22% of their portfolio CHESTERFIELD, MO 148,566148.6k $11.5m $11.5m 3.22% Reduced -5.7k -5,670
71 Cullen/Frost Bankers, Inc. 0.13% of their portfolio San Antonio, TX 147,822147.8k $11.5m $11.5m 0.13% Added +23.8k +23,828
72 Alesco Advisors, LLC, An ESL Co 0.29% of their portfolio Pittsford, NY 146,373146.4k $11.3m $11.3m 0.29% Reduced -1.7k -1,686
73 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 146,134146.1k $11.3m $11.3m 0.00% Added +22.9k +22,921
74 Shoker Investment Counsel, Inc. 3.21% of their portfolio OXFORD, OH 141,157141.2k $10.9m $10.9m 3.21% Added +4.3k +4,328
75 Omega Financial Group, LLC 3.63% of their portfolio Santa Barbara, CA 140,796140.8k $10.9m $10.9m 3.63% Added +1.4k +1,410
76 DORVAL Corp 3.35% of their portfolio MAPLE GROVE, MN 135,369135.4k $10.5m $10.5m 3.35% Added +2.2k +2,168
77 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 134,043134.0k $10.5m $10.5m 0.02% Reduced -25.3k -25,294
78 Sound Stewardship, LLC 4.88% of their portfolio Overland Park, KS 131,280131.3k $10.2m $10.2m 4.88% Added +2.5k +2,468
79 WESCAP Management Group, Inc. 2.02% of their portfolio Glendale, CA 128,607128.6k $10.0m $10.0m 2.02% Reduced -1.7k -1,723
80 M&T Bank Corp 0.03% of their portfolio BUFFALO, NY 128,044128.0k $9.9m $9.9m 0.03% Reduced -19 -19
81 IMA Advisory Services, Inc. 0.93% of their portfolio DENVER, CO 124,917124.9k $9.7m $9.7m 0.93% Reduced -7.8k -7,790
82 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 122,549122.5k $9.5m $9.5m 0.03% Added +19.6k +19,605
83 Shore Point Advisors, LLC 3.99% of their portfolio BRIELLE, NJ 121,740121.7k $9.4m $9.4m 3.99% Reduced -110.5k -110,505
84 Charles Schwab Trust Co 0.61% of their portfolio HENDERSON, NV 118,742118.7k $9.2m $9.2m 0.61% Reduced -649 -649
85 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 118,509118.5k $9.2m $9.2m 0.01% Added +7.2k +7,250
86 BRIGHTON JONES LLC 0.34% of their portfolio SEATTLE, WA 117,885117.9k $9.1m $9.1m 0.34% Added +1.2k +1,204
87 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 117,549117.5k $9.1m $9.1m 0.02% Added +3.0k +3,015
88 Ifrah Financial Services, Inc. 2.33% of their portfolio Little Rock, AR 116,948116.9k $9.1m $9.1m 2.33% Reduced -2.4k -2,405
89 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 116,487116.5k $9.2m $9.2m 0.01% Added +4.1k +4,061
90 Curi Capital, LLC 0.15% of their portfolio CHICAGO, IL 114,946114.9k $8.9m $8.9m 0.15% Added +30.3k +30,281
91 SACHEM HILL LLC 1.72% of their portfolio DENVER, CO 114,238114.2k $8.9m $8.9m 1.72% Reduced -4.6k -4,560
92 Fonville Wealth Management LLC 1.80% of their portfolio RICHMOND, VA 113,735113.7k $8.8m $8.8m 1.80% Added +7.2k +7,209
93 Brooklyn FI, LLC 1.72% of their portfolio NEW YORK, NY 103,856103.9k $8.1m $8.1m 1.72% Reduced -31 -31
94 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 102,295102.3k $7.9m $7.9m 0.05% Reduced -798 -798
95 LTG Capital LLC 6.12% of their portfolio FRAMINGHAM, MA 101,345101.3k $7.9m $7.9m 6.12% Added +30.3k +30,331
96 Beacon Pointe Advisors, LLC 0.05% of their portfolio NEWPORT BEACH, CA 100,790100.8k $7.8m $7.8m 0.05% Added +22.1k +22,082
97 IFG Advisors, LLC 1.30% of their portfolio ST. LOUIS, MO 100,577100.6k $7.8m $7.8m 1.30% Added +6.3k +6,265
98 BESSEMER GROUP INC 0.01% of their portfolio WOODBRIDGE, NJ 100,489100.5k $7.8m $7.8m 0.01% Added +3.9k +3,930
99 Integrated Wealth Concepts LLC 0.09% of their portfolio WALTHAM, MA 99,12999.1k $7.7m $7.7m 0.09% Reduced -9.8k -9,808
100 Bleakley Financial Group, LLC 0.13% of their portfolio PARSIPPANY, NJ 98,64798.6k $7.6m $7.6m 0.13% Added +31.4k +31,393