Vault-13

ISHARES TR MUB

NATIONAL MUN ETF · ETP · CUSIP 464288414

1,377 institutional holders -4 vs Q4 2023
324,934,256324.9m shares reported held*
$35.1bnreported value*
98 new 606 added 457 reduced 99 sold out net sold ≈ $521.3m (-4.8m 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 ($51.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $107.90. Options: 2 managers hold calls ($186.1m notional), 6 hold puts ($237.1m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,137Q4 22: 1,213Q1 23: 1,213Q2 23: 1,224Q3 23: 1,229Q4 23: 1,381Q1 24: 1,3771,377Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20221,137
Q4 20221,213
Q1 20231,213
Q2 20231,224
Q3 20231,229
Q4 20231,381
Q1 20241,377

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 23Q4 23: 637 bought or addedQ4 23: 599 cut or sold outQ4 23Q1 24: 704 bought or addedQ1 24: 556 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022606535
Q1 2023618508
Q2 2023592505
Q3 2023614514
Q4 2023637599
Q1 2024704556

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 23 calls: $1.3mQ2 23 puts: $3.2mQ2 23P/C 2.36Q3 23 calls: $21.8mQ3 23 puts: $3.1mQ3 23P/C 0.14Q4 23 calls: $178.6mQ4 23 puts: $97.9mQ4 23P/C 0.55Q1 24 calls: $186.1mQ1 24 puts: $237.1mQ1 24P/C 1.27
Numbers
QuarterCallsPutsP/C
Q2 2023$1.3m$3.2m2.36
Q3 2023$21.8m$3.1m0.14
Q4 2023$178.6m$97.9m0.55
Q1 2024$186.1m$237.1m1.27

Biggest buyers

MORGAN STANLEY Added +5,891,219+5.9m
Betterment LLC Added +3,662,109+3.7m
D. E. Shaw & Co., Inc. Added +1,433,400+1.4m
Creative Planning Added +1,190,172+1.2m
Cetera Investment Advisers Added +832,342+832.3k
WELLS FARGO & COMPANY/MN Added +784,394+784.4k
MERCER GLOBAL ADVISORS INC /ADV Added +743,378+743.4k
ENVESTNET ASSET MANAGEMENT INC Added +715,070+715.1k
BNP PARIBAS FINANCIAL MARKETS Added +630,515+630.5k
LPL Financial LLC Added +597,886+597.9k

Biggest sellers

JANE STREET GROUP, LLC Reduced -2,373,181-2.4m
BlackRock Inc. Reduced -2,235,473-2.2m
JPMORGAN CHASE & CO Reduced -1,996,750-2.0m
CITADEL ADVISORS LLC Sold out -1,698,326-1.7m
Centiva Capital, LP Reduced -1,344,600-1.3m
Allspring Global Investments Holdings, LLC Reduced -1,168,348-1.2m
ALLSTATE CORP Reduced -1,045,751-1.0m
BARCLAYS PLC Reduced -928,068-928.1k
BANK OF AMERICA CORP /DE/ Reduced -923,966-924.0k
GOLDMAN SACHS GROUP INC Reduced -876,713-876.7k

Biggest calls

CITADEL ADVISORS LLC Added $182.9m1.7m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.1m29.2k shares

Biggest puts

LMR Partners LLP New $196.4m1.8m shares
CITADEL ADVISORS LLC Reduced $24.1m223.9k shares
BANK OF AMERICA CORP /DE/ New $10.8m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.3m49.0k shares
BOOTHBAY FUND MANAGEMENT, LLC Added $559.5k5.2k shares
Cutler Group LLC / CA Reduced $1.0k700 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.25% of their portfolio CHARLOTTE, NC 23,207,14223.2m $2.5bn $2.5bn 0.25% Reduced -924.0k -923,966
2 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 20,719,49120.7m $2.2bn $2.2bn 0.06% Added +5.9m +5,891,219
3 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 19,636,36419.6m $2.1bn $2.1bn 0.09% Reduced -2.0m -1,996,750
4 FMR LLC 0.13% of their portfolio BOSTON, MA 18,317,17518.3m $2.0bn $2.0bn 0.13% Reduced -561.4k -561,371
5 ENVESTNET ASSET MANAGEMENT INC 0.68% of their portfolio Berwyn, PA 17,005,63417.0m $1.8bn $1.8bn 0.68% Added +715.1k +715,070
6 Betterment LLC 3.88% of their portfolio NEW YORK, NY 13,425,07713.4m $1.4bn $1.4bn 3.88% Added +3.7m +3,662,109
7 Creative Planning 1.42% of their portfolio OVERLAND PARK, KS 11,867,81711.9m $1.3bn $1.3bn 1.42% Added +1.2m +1,190,172
8 Bank of New York Mellon Corp 0.21% of their portfolio NEW YORK, NY 10,245,55210.2m $1.1bn $1.1bn 0.21% Reduced -627.7k -627,717
9 Wealthfront Advisers LLC 3.45% of their portfolio Palo Alto, CA 9,155,0129.2m $985.1m $985.1m 3.45% Reduced -454.4k -454,430
10 WELLS FARGO & COMPANY/MN 0.25% of their portfolio SAN FRANCISCO, CA 8,762,7918.8m $942.9m $942.9m 0.25% Added +784.4k +784,394
11 Charles Schwab Investment Advisory, Inc. 1.27% of their portfolio SAN FRANCISCO, CA 8,618,7228.6m $927.4m $927.4m 1.27% Reduced -361.3k -361,309
12 US BANCORP \DE\ 1.09% of their portfolio MINNEAPOLIS, MN 7,264,3397.3m $781.6m $781.6m 1.09% Added +186.4k +186,369
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.72% of their portfolio MILWAUKEE, WI 6,531,3536.5m $702.8m $702.8m 0.72% Added +305.6k +305,576
14 LPL Financial LLC 0.37% of their portfolio FORT MILL, SC 6,414,6896.4m $690.2m $690.2m 0.37% Added +597.9k +597,886
15 PNC Financial Services Group, Inc. 0.47% of their portfolio Pittsburgh, PA 6,285,4566.3m $676.3m $676.3m 0.47% Added +54.1k +54,139
16 Envestnet Portfolio Solutions, Inc. 2.13% of their portfolio BERWYN, PA 5,263,7725.3m $566.4m $566.4m 2.13% Reduced -648.2k -648,190
17 MERCER GLOBAL ADVISORS INC /ADV 1.60% of their portfolio DENVER, CO 5,220,6825.2m $563.3m $563.3m 1.60% Added +743.4k +743,378
18 Fisher Asset Management, LLC 0.22% of their portfolio PLANO, TX 4,383,8824.4m $471.7m $471.7m 0.22% Added +337.4k +337,353
19 TIAA TRUST, NATIONAL ASSOCIATION 1.41% of their portfolio CHARLOTTE, NC 4,269,1204.3m $459.4m $459.4m 1.41% Added +271.8k +271,822
20 Orgel Wealth Management, LLC 11.12% of their portfolio ALTOONA, WI 3,768,3473.8m $405.5m $405.5m 11.12% Reduced -59.1k -59,088
21 SEI INVESTMENTS CO 0.58% of their portfolio OAKS, PA 3,681,5593.7m $396.1m $396.1m 0.58% Added +509.0k +508,977
22 FIRST CITIZENS BANK & TRUST CO 5.92% of their portfolio RALEIGH, NC 2,873,0122.9m $309.1m $309.1m 5.92% Reduced -664.1k -664,063
23 JANE STREET GROUP, LLC 0.39% of their portfolio NEW YORK, NY 2,777,1112.8m $298.8m $298.8m 0.39% Reduced -2.4m -2,373,181
24 RWA WEALTH PARTNERS, LLC 4.00% of their portfolio BOSTON, MA 2,765,2102.8m $297.5m $297.5m 4.00% Added +35.9k +35,935
25 D. E. Shaw & Co., Inc. 0.38% of their portfolio New York, NY 2,731,2002.7m $293.9m $293.9m 0.38% Added +1.4m +1,433,400
26 UBS Group AG 0.10% of their portfolio ZURICH, V8 2,675,6322.7m $287.9m $287.9m 0.10% Reduced -139.9k -139,888
27 COMMONWEALTH EQUITY SERVICES, LLC 0.44% of their portfolio WALTHAM, MA 2,479,4352.5m $266.8m $266.8m 0.44% Added +51.4k +51,410
28 ASSETMARK, INC 0.75% of their portfolio CONCORD, CA 2,151,6432.2m $231.5m $231.5m 0.75% Added +122.6k +122,609
29 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 1,845,6441.8m $198.6m $198.6m 0.04% Reduced -876.7k -876,713
30 Mariner, LLC 0.34% of their portfolio Overland Park, KS 1,541,4251.5m $165.9m $165.9m 0.34% Added +162.3k +162,277
31 MML INVESTORS SERVICES, LLC 0.67% of their portfolio SPRINGFIELD, MA 1,517,2781.5m $163.3m $163.3m 0.67% Added +17.3k +17,273
32 Cetera Investment Advisers 0.38% of their portfolio SCHAUMBURG, IL 1,494,6911.5m $160.8m $160.8m 0.38% Added +832.3k +832,342
33 HighTower Advisors, LLC 0.25% of their portfolio CHICAGO, IL 1,438,0261.4m $154.7m $154.7m 0.25% Added +79.8k +79,821
34 Choate Investment Advisors 4.14% of their portfolio BOSTON, MA 1,429,3241.4m $153.8m $153.8m 4.14% Added +201.0k +201,000
35 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,375,6791.4m $148.3m $148.3m 0.04% Added +17.7k +17,653
36 SIGNATUREFD, LLC 3.10% of their portfolio ATLANTA, GA 1,362,5431.4m $146.6m $146.6m 3.10% Added +19.6k +19,612
37 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.74% of their portfolio MINNEAPOLIS, MN 1,119,6611.1m $120.5m $120.5m 2.74% Added +28.0k +28,027
38 Sequoia Financial Advisors, LLC 1.42% of their portfolio Akron, OH 1,061,0341.1m $114.2m $114.2m 1.42% Added +20.8k +20,780
39 TRUIST FINANCIAL CORP 0.17% of their portfolio CHARLOTTE, NC 1,016,7711.0m $109.4m $109.4m 0.17% Reduced -89.5k -89,462
40 JONES FINANCIAL COMPANIES LLLP 0.14% of their portfolio DES PERES, MO 981,431981.4k $105.6m $105.6m 0.14% Added +13.7k +13,697
41 AVANTAX ADVISORY SERVICES, INC. 0.92% of their portfolio DALLAS, TX 966,004966.0k $103.9m $103.9m 0.92% Added +111.5k +111,465
42 OXFORD FINANCIAL GROUP, LTD. LLC 7.14% of their portfolio INDIANAPOLIS, IN 956,554956.6k $102.9m $102.9m 7.14% Reduced -17.9k -17,855
43 EP Wealth Advisors, LLC 1.20% of their portfolio TORRANCE, CA 951,324951.3k $102.4m $102.4m 1.20% Reduced -94.6k -94,615
44 PARK AVENUE SECURITIES LLC 1.32% of their portfolio NEW YORK, NY 951,272951.3k $102.4m $102.4m 1.32% Added +18.0k +17,997
45 One Capital Management, LLC 3.60% of their portfolio WESTLAKE VILLAGE, CA 921,877921.9k $99.2m $99.2m 3.60% Added +117.3k +117,315
46 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 893,979894.0k $96.2m $96.2m 0.02% Reduced -264.7k -264,744
47 CAPTRUST FINANCIAL ADVISORS 0.35% of their portfolio RALEIGH, NC 889,970890.0k $95.8m $95.8m 0.35% Added +199.5k +199,493
48 Ellevest, Inc. 5.89% of their portfolio NEW YORK, NY 881,732881.7k $94.9m $94.9m 5.89% Added +43.0k +42,963
49 CITIGROUP INC 0.10% of their portfolio NEW YORK, NY 870,527870.5k $93.7m $93.7m 0.10% Reduced -98.9k -98,860
50 Corient Private Wealth LP 0.15% of their portfolio MIAMI, FL 806,521806.5k $86.8m $86.8m 0.15% Reduced -16.3k -16,327
51 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 796,289796.3k $85.7m $85.7m 0.19% Reduced -663.9k -663,932
52 BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio PARIS, I0 772,835772.8k $83.2m $83.2m 0.10% Added +630.5k +630,515
53 Cerity Partners LLC 0.22% of their portfolio NEW YORK, NY 759,289759.3k $81.7m $81.7m 0.22% Added +48.5k +48,514
54 OneDigital Investment Advisors LLC 1.19% of their portfolio OVERLAND PARK, KS 701,546701.5k $75.5m $75.5m 1.19% Added +145.5k +145,541
55 Raymond James Financial Services Advisors, Inc. 0.11% of their portfolio ST. PETERSBURG, FL 667,742667.7k $71.8m $71.8m 0.11% Reduced -49.9k -49,912
56 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.18% of their portfolio PLYMOUTH, MN 651,629651.6k $70.1m $70.1m 0.18% Added +73.2k +73,249
57 Crestwood Advisors Group, LLC 1.51% of their portfolio BOSTON, MA 642,061642.1k $69.1m $69.1m 1.51% Added +18.1k +18,111
58 Arkos Global Advisors 11.51% of their portfolio HOUSTON, TX 641,709641.7k $69.0m $69.0m 11.51% Added +6.4k +6,437
59 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.55% of their portfolio IRVING, TX 617,697617.7k $66.5m $66.5m 0.55% Reduced -15.9k -15,924
60 STATE OF WISCONSIN INVESTMENT BOARD 0.17% of their portfolio MADISON, WI 607,800607.8k $65.4m $65.4m 0.17% Added +49.9k +49,900
61 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 591,325591.3k $63.6m $63.6m 0.07% Added +42.7k +42,683
62 Prime Capital Investment Advisors, LLC 0.88% of their portfolio OVERLAND PARK, KS 585,608585.6k $63.0m $63.0m 0.88% Added +14.4k +14,416
63 Forvis Mazars Wealth Advisors, LLC 1.58% of their portfolio Springfield, MO 576,311576.3k $62.0m $62.0m 1.58% Added +39.3k +39,276
64 Wealthspire Advisors, LLC 0.81% of their portfolio NEW YORK, NY 565,103565.1k $60.8m $60.8m 0.81% Reduced -28.0k -27,968
65 Beacon Pointe Advisors, LLC 0.67% of their portfolio NEWPORT BEACH, CA 562,904562.9k $60.6m $60.6m 0.67% Added +7.2k +7,160
66 Orion Porfolio Solutions, LLC 0.64% of their portfolio OMAHA, NE 552,663552.7k $59.5m $59.5m 0.64% Added +8.4k +8,365
67 Orion Portfolio Solutions, LLC 0.64% of their portfolio Omaha, NE 552,663552.7k $59.5m $59.5m 0.64% Added +8.4k +8,365
68 PRUDENTIAL FINANCIAL INC 0.08% of their portfolio NEWARK, NJ 548,065548.1k $59.0m $59.0m 0.08% Reduced -46.6k -46,630
69 Financial Engines Advisors L.L.C. 0.13% of their portfolio SANTA CLARA, CA 542,675542.7k $58.4m $58.4m 0.13% Added +39.8k +39,846
70 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 538,164538.2k $57.9m $57.9m 0.02% Reduced -109.7k -109,689
71 COLDSTREAM CAPITAL MANAGEMENT INC 1.46% of their portfolio BELLEVUE, WA 533,635533.6k $57.4m $57.4m 1.46% Reduced -43.0k -42,976
72 Meeder Advisory Services, Inc. 5.69% of their portfolio DUBLIN, OH 520,003520.0k $56.0m $56.0m 5.69% Added +27.2k +27,225
73 BESSEMER GROUP INC 0.10% of their portfolio WOODBRIDGE, NJ 503,565503.6k $54.2m $54.2m 0.10% Reduced -286.6k -286,642
74 Pathstone Holdings, LLC 0.25% of their portfolio ENGLEWOOD, NJ 498,991499.0k $53.7m $53.7m 0.25% Reduced -5.5k -5,507
75 CWM, LLC 0.24% of their portfolio OMAHA, NE 455,562455.6k $49.0m $49.0m 0.24% Added +126.2k +126,223
76 Manning & Napier Group, LLC 0.54% of their portfolio Fairport, NY 440,878440.9k $47.4m $47.4m 0.54% Added +2.1k +2,056
77 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 439,348439.3k $47.3m $47.3m 0.03% Reduced -19.1k -19,089
78 Forum Financial Management, LP 0.81% of their portfolio LOMBARD, IL 438,809438.8k $47.2m $47.2m 0.81% Added +48.3k +48,260
79 JFS WEALTH ADVISORS, LLC 3.71% of their portfolio HERMITAGE, PA 434,400434.4k $46.7m $46.7m 3.71% Added +5.3k +5,310
80 Plante Moran Financial Advisors, LLC 4.91% of their portfolio SOUTHFIELD, MI 424,799424.8k $45.7m $45.7m 4.91% Reduced -60.2k -60,158
81 Foster Group, Inc. 2.20% of their portfolio WEST DES MOINES, IA 411,392411.4k $44.3m $44.3m 2.20% Reduced -493.9k -493,859
82 SOFI WEALTH, LLC 4.03% of their portfolio SAN FRANCISCO, CA 402,407402.4k $43.3m $43.3m 4.03% Added +25.7k +25,703
83 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 397,211397.2k $42.7m $42.7m 0.02% Reduced -5.0k -4,950
84 Wealthcare Advisory Partners LLC 1.39% of their portfolio WEST CHESTER, PA 393,903393.9k $42.4m $42.4m 1.39% Added +46.3k +46,264
85 Rockefeller Capital Management L.P. 0.12% of their portfolio NEW YORK, NY 383,025383.0k $41.2m $41.2m 0.12% Added +13.2k +13,178
86 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 378,940378.9k $40.8m $40.8m 0.03% Added +10.1k +10,099
87 COMERICA BANK 0.16% of their portfolio DALLAS, TX 354,091354.1k $38.1m $38.1m 0.16% Reduced -4.6k -4,649
88 Focus Partners Wealth 0.31% of their portfolio ST LOUIS, MO 349,757349.8k $37.6m $37.6m 0.31% Reduced -27.3k -27,313
89 Waldron Private Wealth LLC 1.65% of their portfolio BRIDGEVILLE, PA 339,351339.4k $36.5m $36.5m 1.65% Added +55 +55
90 Johnson Financial Group, Inc. 1.96% of their portfolio RACINE, WI 338,398338.4k $36.4m $36.4m 1.96% Reduced -8.6k -8,572
91 Centiva Capital, LP 2.02% of their portfolio New York, NY 332,500332.5k $35.8m $35.8m 2.02% Reduced -1.3m -1,344,600
92 Austin Private Wealth, LLC 3.97% of their portfolio Austin, TX 323,276323.3k $34.5m $34.5m 3.97% Reduced -8.8k -8,830
93 Mosaic Advisors LLC 28.08% of their portfolio HOUSTON, TX 319,533319.5k $34.4m $34.4m 28.08% Added +1.0k +1,011
94 Full Sail Capital, LLC 2.35% of their portfolio OKLAHOMA CITY, OK 313,455313.5k $33.7m $33.7m 2.35% Added +271 +271
95 Avantax Planning Partners, Inc. 1.09% of their portfolio DUBUQUE, IA 313,386313.4k $33.7m $33.7m 1.09% Added +67.5k +67,462
96 LAKE STREET ADVISORS GROUP, LLC 1.57% of their portfolio PORTSMOUTH, NH 313,118313.1k $33.7m $33.7m 1.57% Added +124 +124
97 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 310,941310.9k $33.5m $33.5m 0.07% Added +4.9k +4,936
98 M&T Bank Corp 0.11% of their portfolio BUFFALO, NY 303,746303.7k $32.7m $32.7m 0.11% Reduced -228.0k -228,033
99 Facet Wealth, Inc. 1.09% of their portfolio WEST PALM BEACH, FL 301,306301.3k $32.2m $32.2m 1.09% Added +96.0k +95,996
100 BlackRock Inc. 0.00% of their portfolio New York, NY 300,924300.9k $32.4m $32.4m 0.00% Reduced -2.2m -2,235,473