Vault-13

ISHARES TR MUB

NATIONAL MUN ETF · ETP · CUSIP 464288414

1,229 institutional holders +5 vs Q2 2023
292,050,132292.1m shares reported held*
$30.0bnreported value*
88 new 526 added 432 reduced 82 sold out net bought ≈ $2.3bn (+22.3m 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 ($146.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $102.83. Options: 4 managers hold calls ($21.8m notional), 4 hold puts ($3.1m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,137Q4 22: 1,213Q1 23: 1,213Q2 23: 1,224Q3 23: 1,2291,229Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 20221,137
Q4 20221,213
Q1 20231,213
Q2 20231,224
Q3 20231,229

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 23Q3 23: 614 bought or addedQ3 23: 514 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022606535
Q1 2023618508
Q2 2023592505
Q3 2023614514

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ4 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 2.36Q3 23 calls: $21.8mQ3 23 puts: $3.1mQ3 23P/C 0.14
Numbers
QuarterCallsPutsP/C
Q4 2022$8.7m$11.7m1.35
Q1 2023$1.9m$2.4m1.26
Q2 2023$1.3m$3.2m2.36
Q3 2023$21.8m$3.1m0.14

Biggest buyers

Wealthfront Advisers LLC Added +7,569,304+7.6m
Charles Schwab Investment Advisory, Inc. Added +4,234,737+4.2m
Centiva Capital, LP New +2,420,000+2.4m
JPMORGAN CHASE & CO Added +2,106,010+2.1m
ALLSTATE CORP Added +1,941,725+1.9m
BANK OF AMERICA CORP /DE/ Added +1,561,926+1.6m
MERCER GLOBAL ADVISORS INC /ADV Added +744,168+744.2k
WELLS FARGO & COMPANY/MN Added +595,111+595.1k
Creative Planning Added +585,104+585.1k
BlackRock Inc. Added +555,655+555.7k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -4,714,976-4.7m
BARCLAYS PLC Sold out -433,159-433.2k
SEI INVESTMENTS CO Reduced -373,065-373.1k
FRANKLIN RESOURCES INC Reduced -304,475-304.5k
PATHSTONE FAMILY OFFICE, LLC Reduced -275,756-275.8k
Ocean Park Asset Management, LLC Sold out -262,200-262.2k
Ackerman Capital Advisors, LLC Reduced -242,197-242.2k
JANE STREET GROUP, LLC Reduced -210,694-210.7k
CITIZENS FINANCIAL GROUP INC/RI Reduced -185,024-185.0k
Pallas Capital Advisors LLC Reduced -166,815-166.8k

Biggest calls

BANK OF AMERICA CORP /DE/ New $20.5m200.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Unchanged $1.0m9.9k shares
Private Advisor Group, LLC New $168.6k164.4k shares
CITADEL ADVISORS LLC Reduced $61.5k600 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.2m21.8k shares
WOLVERINE TRADING, LLC New $440.9k4.3k shares
CITADEL ADVISORS LLC Added $399.9k3.9k shares
Private Advisor Group, LLC New $16.5k16.1k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.22% of their portfolio BOSTON, MA 24,479,22924.5m $2.5bn $2.5bn 0.22% Added +316.0k +315,999
2 BANK OF AMERICA CORP /DE/ 0.28% of their portfolio CHARLOTTE, NC 22,451,86122.5m $2.3bn $2.3bn 0.28% Added +1.6m +1,561,926
3 ENVESTNET ASSET MANAGEMENT INC 0.71% of their portfolio Berwyn, PA 15,145,73515.1m $1.6bn $1.6bn 0.71% Reduced -4.7m -4,714,976
4 TIAA TRUST, NATIONAL ASSOCIATION 4.58% of their portfolio CHARLOTTE, NC 12,398,61412.4m $1.3bn $1.3bn 4.58% First filing
5 Creative Planning 1.60% of their portfolio OVERLAND PARK, KS 11,686,88111.7m $1.2bn $1.2bn 1.60% Added +585.1k +585,104
6 Bank of New York Mellon Corp 0.23% of their portfolio NEW YORK, NY 10,354,93310.4m $1.1bn $1.1bn 0.23% Added +202.8k +202,820
7 Betterment LLC 3.33% of their portfolio NEW YORK, NY 10,261,12610.3m $1.1bn $1.1bn 3.33% Added +416.2k +416,186
8 JPMORGAN CHASE & CO 0.12% of their portfolio NEW YORK, NY 9,850,0909.9m $1.0bn $1.0bn 0.12% Added +2.1m +2,106,010
9 Charles Schwab Investment Advisory, Inc. 1.55% of their portfolio SAN FRANCISCO, CA 9,555,3249.6m $979.8m $979.8m 1.55% Added +4.2m +4,234,737
10 Wealthfront Advisers LLC 3.81% of their portfolio Palo Alto, CA 8,621,1118.6m $884.0m $884.0m 3.81% Added +7.6m +7,569,304
11 WELLS FARGO & COMPANY/MN 0.24% of their portfolio SAN FRANCISCO, CA 7,460,8597.5m $765.0m $765.0m 0.24% Added +595.1k +595,111
12 US BANCORP \DE\ 1.20% of their portfolio MINNEAPOLIS, MN 7,144,8297.1m $732.6m $732.6m 1.20% Added +419.5k +419,509
13 PNC Financial Services Group, Inc. 0.53% of their portfolio Pittsburgh, PA 6,019,3716.0m $617.2m $617.2m 0.53% Added +98.8k +98,820
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.80% of their portfolio MILWAUKEE, WI 5,965,8046.0m $611.7m $611.7m 0.80% Added +490.8k +490,822
15 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 5,773,1775.8m $592.0m $592.0m 0.06% Added +60.1k +60,114
16 Envestnet Portfolio Solutions, Inc. 2.73% of their portfolio BERWYN, PA 5,634,8775.6m $577.8m $577.8m 2.73% First filing
17 LPL Financial LLC 0.37% of their portfolio FORT MILL, SC 5,159,8675.2m $529.1m $529.1m 0.37% Added +294.6k +294,613
18 MERCER GLOBAL ADVISORS INC /ADV 1.59% of their portfolio DENVER, CO 4,071,6174.1m $417.5m $417.5m 1.59% Added +744.2k +744,168
19 Fisher Asset Management, LLC 0.23% of their portfolio PLANO, TX 3,872,9183.9m $397.1m $397.1m 0.23% Added +253.1k +253,120
20 SEI INVESTMENTS CO 0.71% of their portfolio OAKS, PA 3,847,1413.8m $394.5m $394.5m 0.71% Reduced -373.1k -373,065
21 FIRST CITIZENS BANK & TRUST CO 7.22% of their portfolio RALEIGH, NC 3,614,4133.6m $370.6m $370.6m 7.22% Added +150.8k +150,757
22 ALLSTATE CORP 18.94% of their portfolio NORTHBROOK, IL 3,160,3063.2m $324.1m $324.1m 18.94% Added +1.9m +1,941,725
23 UBS Group AG 0.13% of their portfolio ZURICH, V8 2,791,1592.8m $286.2m $286.2m 0.13% Reduced -36.8k -36,781
24 COMMONWEALTH EQUITY SERVICES, LLC 0.53% of their portfolio WALTHAM, MA 2,504,8252.5m $256.8m $256.8m 0.53% Added +173.5k +173,469
25 Centiva Capital, LP 12.34% of their portfolio New York, NY 2,420,0002.4m $248.1m $248.1m 12.34% New
26 ASSETMARK, INC 0.81% of their portfolio CONCORD, CA 1,977,7342.0m $202.8m $202.8m 0.81% Added +11.2k +11,168
27 OSAIC HOLDINGS, INC. 0.27% of their portfolio SCOTTSDALE, AZ 1,794,1951.8m $184.0m $184.0m 0.27% Added +258.4k +258,375
28 MML INVESTORS SERVICES, LLC 0.85% of their portfolio SPRINGFIELD, MA 1,503,0061.5m $154.1m $154.1m 0.85% Added +30.7k +30,740
29 Mariner, LLC 0.39% of their portfolio Overland Park, KS 1,408,2741.4m $144.4m $144.4m 0.39% Added +66.0k +66,004
30 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,319,8091.3m $135.3m $135.3m 0.03% Added +53.9k +53,935
31 BlackRock Inc. 0.00% of their portfolio New York, NY 1,203,0541.2m $123.4m $123.4m 0.00% Added +555.7k +555,655
32 Choate Investment Advisors 4.78% of their portfolio BOSTON, MA 1,188,6511.2m $121.9m $121.9m 4.78% Reduced -72.2k -72,206
33 SIGNATUREFD, LLC 3.11% of their portfolio ATLANTA, GA 1,162,9701.2m $119.3m $119.3m 3.11% Reduced -22.9k -22,893
34 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,151,8631.2m $117.9m $117.9m 0.04% Added +54.3k +54,346
35 HighTower Advisors, LLC 0.22% of their portfolio CHICAGO, IL 1,142,8921.1m $117.2m $117.2m 0.22% Added +70.2k +70,208
36 Sequoia Financial Advisors, LLC 1.92% of their portfolio Akron, OH 1,067,6541.1m $109.5m $109.5m 1.92% Reduced -52.8k -52,803
37 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.70% of their portfolio IRVING, TX 1,035,2021.0m $106.1m $106.1m 0.70% Reduced -145.5k -145,536
38 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.96% of their portfolio MINNEAPOLIS, MN 1,031,2791.0m $105.7m $105.7m 2.96% Reduced -9.2k -9,248
39 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,006,2351.0m $103.2m $103.2m 0.03% Reduced -92.9k -92,942
40 OXFORD FINANCIAL GROUP, LTD. LLC 8.80% of their portfolio INDIANAPOLIS, IN 983,581983.6k $100.9m $100.9m 8.80% Reduced -2.0k -1,976
41 STATE OF WISCONSIN INVESTMENT BOARD 0.30% of their portfolio MADISON, WI 932,900932.9k $95.7m $95.7m 0.30% Added +120.0k +120,000
42 JONES FINANCIAL COMPANIES LLLP 0.15% of their portfolio DES PERES, MO 914,724914.7k $93.8m $93.8m 0.15% Reduced -3.5k -3,502
43 Foster Group, Inc. 5.68% of their portfolio WEST DES MOINES, IA 905,251905.3k $92.8m $92.8m 5.68% Added +26.3k +26,287
44 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 890,483890.5k $91.3m $91.3m 0.15% Added +45.7k +45,703
45 PARK AVENUE SECURITIES LLC 1.40% of their portfolio NEW YORK, NY 880,317880.3k $90.3m $90.3m 1.40% Reduced -19.4k -19,430
46 CITIGROUP INC 0.13% of their portfolio NEW YORK, NY 864,676864.7k $88.7m $88.7m 0.13% Reduced -5.6k -5,556
47 Ellevest, Inc. 6.57% of their portfolio NEW YORK, NY 834,194834.2k $85.5m $85.5m 6.57% Added +43.1k +43,100
48 One Capital Management, LLC 3.65% of their portfolio WESTLAKE VILLAGE, CA 801,539801.5k $82.2m $82.2m 3.65% Added +38.2k +38,200
49 Corient Private Wealth LP 0.18% of their portfolio MIAMI, FL 755,333755.3k $77.5m $77.5m 0.18% Added +32.4k +32,376
50 Crestwood Advisors Group, LLC 1.99% of their portfolio BOSTON, MA 741,443741.4k $76.0m $76.0m 1.99% Added +19.4k +19,389
51 Raymond James Financial Services Advisors, Inc. 0.13% of their portfolio ST. PETERSBURG, FL 721,875721.9k $74.0m $74.0m 0.13% Added +23.8k +23,806
52 AVANTAX ADVISORY SERVICES, INC. 0.82% of their portfolio DALLAS, TX 718,230718.2k $73.6m $73.6m 0.82% Added +71.8k +71,802
53 Arkos Global Advisors 14.80% of their portfolio HOUSTON, TX 708,556708.6k $72.7m $72.7m 14.80% Added +58.7k +58,746
54 Beacon Pointe Advisors, LLC 0.90% of their portfolio NEWPORT BEACH, CA 703,036703.0k $72.1m $72.1m 0.90% Added +29.5k +29,536
55 Cetera Advisor Networks LLC 0.45% of their portfolio EL SEGUNDO, CA 699,767699.8k $71.8m $71.8m 0.45% Added +108.9k +108,856
56 Cetera Investment Advisers 0.55% of their portfolio SCHAUMBURG, IL 620,568620.6k $63.6m $63.6m 0.55% Reduced -72.1k -72,125
57 Ackerman Capital Advisors, LLC 17.68% of their portfolio DALLAS, TX 619,227619.2k $63.5m $63.5m 17.68% Reduced -242.2k -242,197
58 Cerity Partners LLC 0.30% of their portfolio NEW YORK, NY 604,665604.7k $62.0m $62.0m 0.30% Added +312.0k +312,021
59 CAPTRUST FINANCIAL ADVISORS 0.23% of their portfolio RALEIGH, NC 582,167582.2k $59.7m $59.7m 0.23% Added +30.0k +29,971
60 AE Wealth Management LLC 0.35% of their portfolio TOPEKA, KS 570,552570.6k $58.5m $58.5m 0.35% Added +43.1k +43,089
61 RWA WEALTH PARTNERS, LLC 1.27% of their portfolio BOSTON, MA 566,817566.8k $58.1m $58.1m 1.27% Added +11.7k +11,680
62 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 542,716542.7k $57.4m $57.4m 0.02% Reduced -7.5k -7,539
63 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 537,169537.2k $55.1m $55.1m 0.08% Reduced -21.9k -21,855
64 Orion Porfolio Solutions, LLC 0.65% of their portfolio OMAHA, NE 525,889525.9k $53.9m $53.9m 0.65% Reduced -9.2k -9,174
65 Orion Portfolio Solutions, LLC 0.65% of their portfolio Omaha, NE 525,889525.9k $53.9m $53.9m 0.65% Reduced -9.2k -9,174
66 Forvis Mazars Wealth Advisors, LLC 1.56% of their portfolio Springfield, MO 504,026504.0k $51.7m $51.7m 1.56% Added +54.6k +54,567
67 Alaska Wealth Advisors, LLC 8.22% of their portfolio ANCHORAGE, AK 503,065503.1k $51.6m $51.6m 8.22% Reduced -69.2k -69,173
68 Rockefeller Capital Management L.P. 0.19% of their portfolio NEW YORK, NY 486,429486.4k $49.9m $49.9m 0.19% Added +132.4k +132,450
69 Plante Moran Financial Advisors, LLC 5.99% of their portfolio SOUTHFIELD, MI 486,379486.4k $49.9m $49.9m 5.99% Reduced -14.4k -14,359
70 Wealthspire Advisors, LLC 0.81% of their portfolio NEW YORK, NY 478,439478.4k $49.1m $49.1m 0.81% Added +6.4k +6,396
71 Financial Engines Advisors L.L.C. 0.13% of their portfolio SANTA CLARA, CA 475,611475.6k $48.8m $48.8m 0.13% Reduced -976 -976
72 COLDSTREAM CAPITAL MANAGEMENT INC 1.59% of their portfolio BELLEVUE, WA 475,116475.1k $48.7m $48.7m 1.59% Added +19.2k +19,231
73 Meeder Advisory Services, Inc. 6.05% of their portfolio DUBLIN, OH 469,363469.4k $48.1m $48.1m 6.05% Reduced -37.5k -37,501
74 FLOW TRADERS U.S. LLC 2.21% of their portfolio NEW YORK, NY 460,629460.6k $47.2m $47.2m 2.21% New
75 Manning & Napier Group, LLC 0.56% of their portfolio Fairport, NY 442,829442.8k $45.4m $45.4m 0.56% Added +7.2k +7,242
76 Full Sail Capital, LLC 3.90% of their portfolio OKLAHOMA CITY, OK 437,895437.9k $44.9m $44.9m 3.90% Added +98.4k +98,397
77 Column Capital Advisors, LLC 6.42% of their portfolio INDIANAPOLIS, IN 425,485425.5k $43.6m $43.6m 6.42% Reduced -3.4k -3,439
78 OneDigital Investment Advisors LLC 0.93% of their portfolio OVERLAND PARK, KS 417,616417.6k $42.8m $42.8m 0.93% Added +17.2k +17,173
79 JFS WEALTH ADVISORS, LLC 4.03% of their portfolio HERMITAGE, PA 416,655416.7k $42.7m $42.7m 4.03% Reduced -11.0k -11,024
80 Wealthcare Advisory Partners LLC 1.90% of their portfolio WEST CHESTER, PA 403,787403.8k $41.4m $41.4m 1.90% Reduced -7.8k -7,764
81 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 395,473395.5k $40.6m $40.6m 0.02% Reduced -24.7k -24,730
82 Symmetry Partners, LLC 2.18% of their portfolio GLASTONBURY, CT 393,032393.0k $40.3m $40.3m 2.18% Added +13.0k +12,993
83 Retirement Investment Advisors, Inc. 3.54% of their portfolio OKLAHOMA CITY, OK 378,916378.9k $38.9m $38.9m 3.54% Added +62.5k +62,498
84 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 376,353376.4k $38.6m $38.6m 0.04% Added +12.6k +12,577
85 SOFI WEALTH, LLC 4.61% of their portfolio SAN FRANCISCO, CA 369,052369.1k $37.8m $37.8m 4.61% Reduced -242 -242
86 BAILARD, INC. 1.25% of their portfolio Foster City, CA 366,822366.8k $37.6m $37.6m 1.25% Added +47.8k +47,781
87 CWM, LLC 0.23% of their portfolio OMAHA, NE 366,608366.6k $37.6m $37.6m 0.23% Added +4.3k +4,275
88 MATHER GROUP, LLC. 0.67% of their portfolio CHICAGO, IL 366,537366.5k $37.6m $37.6m 0.67% Added +50.2k +50,202
89 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 365,299365.3k $37.5m $37.5m 0.09% Added +21.2k +21,224
90 LMR Partners LLP 0.80% of their portfolio LONDON, X0 350,000350.0k $35.9m $35.9m 0.80% Added +348.3k +348,309
91 Waldron Private Wealth LLC 1.84% of their portfolio BRIDGEVILLE, PA 346,530346.5k $35.5m $35.5m 1.84% Reduced -48.5k -48,513
92 PRUDENTIAL FINANCIAL INC 0.06% of their portfolio NEWARK, NJ 344,051344.1k $35.3m $35.3m 0.06% Reduced -5.8k -5,841
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.11% of their portfolio PLYMOUTH, MN 333,723333.7k $34.2m $34.2m 0.11% Added +212.0k +211,985
94 LAKE STREET ADVISORS GROUP, LLC 2.01% of their portfolio PORTSMOUTH, NH 329,354329.4k $33.8m $33.8m 2.01% Reduced -11.3k -11,287
95 Austin Private Wealth, LLC 4.88% of their portfolio Austin, TX 328,934328.9k $33.7m $33.7m 4.88% Added +20.1k +20,133
96 Allworth Financial LP 0.28% of their portfolio FOLSOM, CA 323,853323.9k $33.2m $33.2m 0.28% Added +148 +148
97 COMERICA BANK 0.17% of their portfolio DALLAS, TX 313,333313.3k $32.1m $32.1m 0.17% New
98 Avantax Planning Partners, Inc. 1.32% of their portfolio DUBUQUE, IA 308,334308.3k $31.6m $31.6m 1.32% Added +36.5k +36,521
99 BESSEMER GROUP INC 0.07% of their portfolio WOODBRIDGE, NJ 292,383292.4k $30.0m $30.0m 0.07% Reduced -138.4k -138,352
100 OLD MISSION CAPITAL LLC 0.99% of their portfolio CHICAGO, IL 289,896289.9k $29.7m $29.7m 0.99% Added +223.2k +223,189