Vault-13

ISHARES TR MUB

NATIONAL MUN ETF · ETP · CUSIP 464288414

1,224 institutional holders +11 vs Q1 2023
256,815,989256.8m shares reported held*
$27.5bnreported value*
69 new 523 added 434 reduced 71 sold out net sold ≈ $1.8bn (-19.6m 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 ($28.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $107.13. Options: 3 managers hold calls ($1.3m notional), 3 hold puts ($3.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,137Q4 22: 1,213Q1 23: 1,213Q2 23: 1,2241,224Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,137
Q4 20221,213
Q1 20231,213
Q2 20231,224

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 606 bought or addedQ4 22: 535 cut or sold outQ4 22Q1 23: 618 bought or addedQ1 23: 508 cut or sold outQ1 23Q2 23: 592 bought or addedQ2 23: 505 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022606535
Q1 2023618508
Q2 2023592505

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 22 calls: $6.2mQ3 22 puts: $30.1mQ3 22P/C 4.82Q4 22 calls: $8.7mQ4 22 puts: $11.7mQ4 22P/C 1.35Q1 23 calls: $1.9mQ1 23 puts: $2.4mQ1 23P/C 1.26Q2 23 calls: $1.3mQ2 23 puts: $3.2mQ2 23P/C 2.36
Numbers
QuarterCallsPutsP/C
Q3 2022$6.2m$30.1m4.82
Q4 2022$8.7m$11.7m1.35
Q1 2023$1.9m$2.4m1.26
Q2 2023$1.3m$3.2m2.36

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +2,019,517+2.0m
Creative Planning Added +1,106,336+1.1m
MERCER GLOBAL ADVISORS INC /ADV Added +814,095+814.1k
ALLSTATE CORP Added +600,795+600.8k
LPL Financial LLC Added +519,235+519.2k
US BANCORP \DE\ Added +452,149+452.1k
PNC Financial Services Group, Inc. Added +440,733+440.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +379,948+379.9k
BARCLAYS PLC Added +344,759+344.8k
TIAA, FSB Added +312,253+312.3k

Biggest sellers

FMR LLC Reduced -24,045,714-24.0m
Summit Wealth Group, LLC Reduced -2,421,770-2.4m
Wealthfront Advisers LLC Reduced -1,838,890-1.8m
Facet Wealth, Inc. Reduced -654,714-654.7k
UBS Group AG Reduced -408,527-408.5k
Bank of New York Mellon Corp Reduced -365,917-365.9k
BlackRock Inc. Reduced -332,388-332.4k
BlueCrest Capital Management Ltd Sold out -259,384-259.4k
Kapitalo Investimentos Ltda Sold out -189,081-189.1k
Single Point Partners, LLC Sold out -144,614-144.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1m9.9k shares
CITADEL ADVISORS LLC Reduced $288.2k2.7k shares
Cutler Group LLC / CA Unchanged $0800 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.8m26.3k shares
CITADEL ADVISORS LLC Reduced $362.9k3.4k shares
Cutler Group LLC / CA Reduced $0400 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution new · filed 2025-11-05 6.0% new 22.2m≈ $2.4bn 2025-11-05

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.22% of their portfolio BOSTON, MA 24,163,23024.2m $2.6bn $2.6bn 0.22% Reduced -24.0m -24,045,714
2 BANK OF AMERICA CORP /DE/ 0.26% of their portfolio CHARLOTTE, NC 20,889,93520.9m $2.2bn $2.2bn 0.26% Added +295.9k +295,898
3 ENVESTNET ASSET MANAGEMENT INC 0.94% of their portfolio Berwyn, PA 19,860,71119.9m $2.1bn $2.1bn 0.94% Added +2.0m +2,019,517
4 Creative Planning 1.58% of their portfolio OVERLAND PARK, KS 11,101,77711.1m $1.2bn $1.2bn 1.58% Added +1.1m +1,106,336
5 Bank of New York Mellon Corp 0.23% of their portfolio NEW YORK, NY 10,152,11310.2m $1.1bn $1.1bn 0.23% Reduced -365.9k -365,917
6 Betterment LLC 3.26% of their portfolio NEW YORK, NY 9,844,9409.8m $1.1bn $1.1bn 3.26% Added +94.7k +94,686
7 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 7,744,0807.7m $826.5m $826.5m 0.09% Added +125.6k +125,588
8 WELLS FARGO & COMPANY/MN 0.21% of their portfolio SAN FRANCISCO, CA 6,865,7486.9m $732.8m $732.8m 0.21% Reduced -41.0k -40,958
9 US BANCORP \DE\ 1.17% of their portfolio MINNEAPOLIS, MN 6,725,3206.7m $717.8m $717.8m 1.17% Added +452.1k +452,149
10 PNC Financial Services Group, Inc. 0.54% of their portfolio Pittsburgh, PA 5,920,5515.9m $631.9m $631.9m 0.54% Added +440.7k +440,733
11 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 5,713,0635.7m $609.8m $609.8m 0.06% Added +54.7k +54,682
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.76% of their portfolio MILWAUKEE, WI 5,474,9825.5m $584.3m $584.3m 0.76% Added +379.9k +379,948
13 Charles Schwab Investment Advisory, Inc. 0.88% of their portfolio SAN FRANCISCO, CA 5,320,5875.3m $567.9m $567.9m 0.88% Added +116.9k +116,940
14 LPL Financial LLC 0.37% of their portfolio FORT MILL, SC 4,865,2544.9m $519.3m $519.3m 0.37% Added +519.2k +519,235
15 SEI INVESTMENTS CO 0.79% of their portfolio OAKS, PA 4,220,2064.2m $450.4m $450.4m 0.79% Added +300.0k +299,992
16 Fisher Asset Management, LLC 0.21% of their portfolio PLANO, TX 3,619,7983.6m $386.3m $386.3m 0.21% Added +242.5k +242,512
17 FIRST CITIZENS BANK & TRUST CO 6.79% of their portfolio RALEIGH, NC 3,463,6563.5m $369.7m $369.7m 6.79% Added +199.3k +199,251
18 MERCER GLOBAL ADVISORS INC /ADV 1.41% of their portfolio DENVER, CO 3,327,4493.3m $355.1m $355.1m 1.41% Added +814.1k +814,095
19 TIAA, FSB 1.21% of their portfolio ST. LOUIS, MO 3,125,4583.1m $333.6m $333.6m 1.21% Added +312.3k +312,253
20 UBS Group AG 0.13% of their portfolio ZURICH, V8 2,827,9402.8m $301.8m $301.8m 0.13% Reduced -408.5k -408,527
21 COMMONWEALTH EQUITY SERVICES, LLC 0.51% of their portfolio WALTHAM, MA 2,331,3562.3m $248.8m $248.8m 0.51% Added +87.9k +87,942
22 ASSETMARK, INC 0.82% of their portfolio CONCORD, CA 1,966,5662.0m $209.9m $209.9m 0.82% Added +55.7k +55,715
23 OSAIC HOLDINGS, INC. 0.29% of their portfolio SCOTTSDALE, AZ 1,535,8201.5m $163.9m $163.9m 0.29% Reduced -52.1k -52,146
24 MML INVESTORS SERVICES, LLC 0.87% of their portfolio SPRINGFIELD, MA 1,472,2661.5m $157.1m $157.1m 0.87% Added +290.8k +290,763
25 Mariner, LLC 0.38% of their portfolio Overland Park, KS 1,342,2701.3m $143.3m $143.3m 0.38% Added +81.5k +81,533
26 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,265,8741.3m $135.1m $135.1m 0.03% Added +19.2k +19,171
27 Choate Investment Advisors 5.63% of their portfolio BOSTON, MA 1,260,8571.3m $134.6m $134.6m 5.63% Added +162.7k +162,733
28 ALLSTATE CORP 8.28% of their portfolio NORTHBROOK, IL 1,218,5811.2m $130.1m $130.1m 8.28% Added +600.8k +600,795
29 SIGNATUREFD, LLC 3.23% of their portfolio ATLANTA, GA 1,185,8631.2m $126.6m $126.6m 3.23% Reduced -25.1k -25,118
30 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.69% of their portfolio IRVING, TX 1,180,7381.2m $126.0m $126.0m 0.69% Added +30.9k +30,859
31 Sequoia Financial Advisors, LLC 2.05% of their portfolio Akron, OH 1,120,4571.1m $119.6m $119.6m 2.05% Reduced -9.0k -9,041
32 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,099,1771.1m $117.3m $117.3m 0.03% Reduced -96.0k -95,988
33 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,097,5171.1m $117.0m $117.0m 0.04% Added +32.3k +32,349
34 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 1,072,6841.1m $114.5m $114.5m 0.23% Added +190.3k +190,289
35 Wealthfront Advisers LLC 0.48% of their portfolio Palo Alto, CA 1,051,8071.1m $112.3m $112.3m 0.48% Reduced -1.8m -1,838,890
36 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.11% of their portfolio MINNEAPOLIS, MN 1,040,5271.0m $111.1m $111.1m 3.11% Added +15.0k +15,039
37 OXFORD FINANCIAL GROUP, LTD. LLC 10.00% of their portfolio INDIANAPOLIS, IN 985,557985.6k $105.2m $105.2m 10.00% Added +22.4k +22,390
38 JONES FINANCIAL COMPANIES LLLP 0.16% of their portfolio DES PERES, MO 918,226918.2k $98.0m $98.0m 0.16% Added +147 +147
39 PARK AVENUE SECURITIES LLC 1.52% of their portfolio NEW YORK, NY 899,747899.7k $96.0m $96.0m 1.52% Added +80.6k +80,558
40 Foster Group, Inc. 5.63% of their portfolio WEST DES MOINES, IA 878,964879.0k $93.8m $93.8m 5.63% Added +14.9k +14,912
41 CITIGROUP INC 0.12% of their portfolio NEW YORK, NY 870,232870.2k $92.9m $92.9m 0.12% Added +24.7k +24,722
42 Ackerman Capital Advisors, LLC 23.85% of their portfolio DALLAS, TX 861,424861.4k $91.9m $91.9m 23.85% Reduced -7.9k -7,856
43 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 844,780844.8k $90.2m $90.2m 0.15% Added +19.1k +19,065
44 STATE OF WISCONSIN INVESTMENT BOARD 0.24% of their portfolio MADISON, WI 812,900812.9k $86.8m $86.8m 0.24% Unchanged
45 Ellevest, Inc. 6.35% of their portfolio NEW YORK, NY 791,094791.1k $84.4m $84.4m 6.35% Added +23.4k +23,378
46 One Capital Management, LLC 3.68% of their portfolio WESTLAKE VILLAGE, CA 763,339763.3k $81.5m $81.5m 3.68% Added +143.8k +143,794
47 Corient Private Wealth LP 0.18% of their portfolio MIAMI, FL 722,957723.0k $77.2m $77.2m 0.18% Reduced -18.2k -18,216
48 Crestwood Advisors Group, LLC 2.42% of their portfolio BOSTON, MA 722,054722.1k $77.1m $77.1m 2.42% Added +147.2k +147,150
49 Raymond James Financial Services Advisors, Inc. 0.13% of their portfolio ST. PETERSBURG, FL 698,069698.1k $74.5m $74.5m 0.13% Added +66.3k +66,316
50 Cetera Investment Advisers 0.62% of their portfolio SCHAUMBURG, IL 692,693692.7k $73.9m $73.9m 0.62% Reduced -119.8k -119,811
51 Beacon Pointe Advisors, LLC 1.18% of their portfolio NEWPORT BEACH, CA 673,500673.5k $71.9m $71.9m 1.18% Added +128.4k +128,399
52 Arkos Global Advisors 13.38% of their portfolio HOUSTON, TX 649,810649.8k $69.4m $69.4m 13.38% Added +97.9k +97,944
53 BlackRock Inc. 0.00% of their portfolio New York, NY 647,399647.4k $69.1m $69.1m 0.00% Reduced -332.4k -332,388
54 AVANTAX ADVISORY SERVICES, INC. 0.79% of their portfolio DALLAS, TX 646,428646.4k $69.0m $69.0m 0.79% Added +59.3k +59,330
55 Cetera Advisor Networks LLC 0.44% of their portfolio EL SEGUNDO, CA 590,911590.9k $63.1m $63.1m 0.44% Added +10.5k +10,502
56 Alaska Wealth Advisors, LLC 9.63% of their portfolio ANCHORAGE, AK 572,238572.2k $61.1m $61.1m 9.63% Added +41.5k +41,466
57 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 559,024559.0k $59.7m $59.7m 0.08% Added +2.2k +2,245
58 RWA WEALTH PARTNERS, LLC 1.30% of their portfolio BOSTON, MA 555,137555.1k $59.2m $59.2m 1.30% Reduced -11.7k -11,688
59 CAPTRUST FINANCIAL ADVISORS 0.23% of their portfolio RALEIGH, NC 552,196552.2k $58.9m $58.9m 0.23% Reduced -14.5k -14,500
60 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 550,255550.3k $58.7m $58.7m 0.02% Added +82.1k +82,057
61 Orion Porfolio Solutions, LLC 0.61% of their portfolio OMAHA, NE 535,063535.1k $57.1m $57.1m 0.61% Added +65.7k +65,746
62 Orion Portfolio Solutions, LLC 0.61% of their portfolio Omaha, NE 535,063535.1k $57.1m $57.1m 0.61% Added +65.7k +65,746
63 AE Wealth Management LLC 0.34% of their portfolio TOPEKA, KS 527,463527.5k $56.3m $56.3m 0.34% Added +39.7k +39,726
64 Meeder Advisory Services, Inc. 5.83% of their portfolio DUBLIN, OH 506,864506.9k $54.1m $54.1m 5.83% Added +23.9k +23,852
65 Plante Moran Financial Advisors, LLC 6.32% of their portfolio SOUTHFIELD, MI 500,738500.7k $53.4m $53.4m 6.32% Reduced -35.1k -35,115
66 Financial Engines Advisors L.L.C. 0.13% of their portfolio SANTA CLARA, CA 476,587476.6k $50.9m $50.9m 0.13% Added +35.2k +35,184
67 Wealthspire Advisors, LLC 0.82% of their portfolio NEW YORK, NY 472,043472.0k $50.4m $50.4m 0.82% Reduced -14.3k -14,342
68 AJ WEALTH STRATEGIES, LLC 2.40% of their portfolio NEW YORK, NY 465,142465.1k $49.6m $49.6m 2.40% Reduced -5.0k -5,035
69 COLDSTREAM CAPITAL MANAGEMENT INC 1.54% of their portfolio BELLEVUE, WA 455,885455.9k $48.7m $48.7m 1.54% Reduced -24.6k -24,644
70 Forvis Mazars Wealth Advisors, LLC 1.41% of their portfolio Springfield, MO 449,459449.5k $48.0m $48.0m 1.41% Added +103.1k +103,088
71 Manning & Napier Group, LLC 0.53% of their portfolio Fairport, NY 435,587435.6k $46.5m $46.5m 0.53% Added +41.2k +41,159
72 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 433,159433.2k $46.2m $46.2m 0.03% Added +344.8k +344,759
73 BESSEMER GROUP INC 0.10% of their portfolio WOODBRIDGE, NJ 430,735430.7k $46.0m $46.0m 0.10% Reduced -80.0k -79,986
74 Column Capital Advisors, LLC 6.44% of their portfolio INDIANAPOLIS, IN 428,924428.9k $45.8m $45.8m 6.44% Reduced -21.4k -21,366
75 JFS WEALTH ADVISORS, LLC 4.11% of their portfolio HERMITAGE, PA 427,679427.7k $45.6m $45.6m 4.11% Added +8.4k +8,408
76 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 420,203420.2k $44.8m $44.8m 0.02% Added +34.4k +34,421
77 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 417,712417.7k $44.6m $44.6m 0.02% Added +107.1k +107,118
78 Wealthcare Advisory Partners LLC 1.96% of their portfolio WEST CHESTER, PA 411,551411.6k $43.9m $43.9m 1.96% Reduced -84.8k -84,820
79 OneDigital Investment Advisors LLC 0.95% of their portfolio OVERLAND PARK, KS 400,443400.4k $42.7m $42.7m 0.95% Added +27.7k +27,705
80 Waldron Private Wealth LLC 2.10% of their portfolio BRIDGEVILLE, PA 395,043395.0k $42.2m $42.2m 2.10% Reduced -1.0k -1,039
81 Symmetry Partners, LLC 2.15% of their portfolio GLASTONBURY, CT 380,039380.0k $40.6m $40.6m 2.15% Added +1.1k +1,075
82 CITIZENS FINANCIAL GROUP INC/RI 1.47% of their portfolio PROVIDENCE, RI 377,347377.3k $40.3m $40.3m 1.47% Reduced -68.0k -68,030
83 SOFI WEALTH, LLC 4.87% of their portfolio SAN FRANCISCO, CA 369,294369.3k $39.4m $39.4m 4.87% Added +5.2k +5,182
84 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 363,776363.8k $38.8m $38.8m 0.04% Reduced -38.2k -38,243
85 CWM, LLC 0.24% of their portfolio OMAHA, NE 362,333362.3k $38.7m $38.7m 0.24% Added +21.0k +21,007
86 PFS INVESTMENTS INC. 0.63% of their portfolio DULUTH, GA 360,653360.7k $38.5m $38.5m 0.63% Added +2.2k +2,230
87 PATHSTONE FAMILY OFFICE, LLC 0.54% of their portfolio ENGLEWOOD, NJ 358,598358.6k $38.3m $38.3m 0.54% Reduced -16.0k -15,968
88 Rockefeller Capital Management L.P. 0.15% of their portfolio NEW YORK, NY 353,979354.0k $37.8m $37.8m 0.15% First filing
89 PRUDENTIAL FINANCIAL INC 0.05% of their portfolio NEWARK, NJ 349,892349.9k $37.3m $37.3m 0.05% Added +44.2k +44,213
90 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 344,075344.1k $36.7m $36.7m 0.08% Reduced -1.0k -1,048
91 LAKE STREET ADVISORS GROUP, LLC 2.01% of their portfolio PORTSMOUTH, NH 340,641340.6k $36.4m $36.4m 2.01% Added +2.9k +2,889
92 Full Sail Capital, LLC 3.09% of their portfolio OKLAHOMA CITY, OK 339,498339.5k $36.2m $36.2m 3.09% Added +54.4k +54,393
93 Allworth Financial LP 0.29% of their portfolio FOLSOM, CA 323,705323.7k $34.5m $34.5m 0.29% Reduced -14.0k -14,047
94 BAILARD, INC. 1.19% of their portfolio Foster City, CA 319,041319.0k $34.1m $34.1m 1.19% Reduced -9.9k -9,924
95 Retirement Investment Advisors, Inc. 4.05% of their portfolio OKLAHOMA CITY, OK 316,418316.4k $33.8m $33.8m 4.05% Added +60.2k +60,160
96 MATHER GROUP, LLC. 0.54% of their portfolio CHICAGO, IL 316,335316.3k $33.8m $33.8m 0.54% Added +8.1k +8,062
97 Orgel Wealth Management, LLC 1.09% of their portfolio ALTOONA, WI 309,781309.8k $33.1m $33.1m 1.09% Added +3.2k +3,154
98 Austin Private Wealth, LLC 4.76% of their portfolio Austin, TX 308,801308.8k $33.0m $33.0m 4.76% Added +20.4k +20,445
99 Meridian Wealth Partners, LLC 6.44% of their portfolio EXTON, PA 293,668293.7k $31.3m $31.3m 6.44% Reduced -2.1k -2,068
100 Cerity Partners LLC 0.12% of their portfolio NEW YORK, NY 292,644292.6k $31.2m $31.2m 0.12% Added +29.1k +29,101