Vault-13

ISHARES TR MUB

NATIONAL MUN ETF · ETP · CUSIP 464288414

1,534 institutional holders +130 vs Q3 2024
340,161,108340.2m shares reported held*
$36.3bnreported value*
98 new 660 added 469 reduced 73 sold out net bought ≈ $1.2bn (+11.9m 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 ($54.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.63. Options: 3 managers hold calls ($74.3m notional), 5 hold puts ($144.4m).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,137Q4 22: 1,213Q1 23: 1,213Q2 23: 1,224Q3 23: 1,229Q4 23: 1,381Q1 24: 1,377Q2 24: 1,354Q3 24: 1,404Q4 24: 1,5341,534Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 20221,137
Q4 20221,213
Q1 20231,213
Q2 20231,224
Q3 20231,229
Q4 20231,381
Q1 20241,377
Q2 20241,354
Q3 20241,404
Q4 20241,534

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 23: 618 bought or addedQ1 23: 508 cut or sold outQ2 23: 592 bought or addedQ2 23: 505 cut or sold outQ2 23Q3 23: 614 bought or addedQ3 23: 514 cut or sold outQ4 23: 637 bought or addedQ4 23: 599 cut or sold outQ4 23Q1 24: 704 bought or addedQ1 24: 556 cut or sold outQ2 24: 726 bought or addedQ2 24: 550 cut or sold outQ2 24Q3 24: 748 bought or addedQ3 24: 495 cut or sold outQ4 24: 758 bought or addedQ4 24: 542 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023618508
Q2 2023592505
Q3 2023614514
Q4 2023637599
Q1 2024704556
Q2 2024726550
Q3 2024748495
Q4 2024758542

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ1 24 calls: $186.1mQ1 24 puts: $237.1mQ1 24P/C 1.27Q2 24 calls: $6.1mQ2 24 puts: $186.6mQ2 24P/C 30.51Q3 24 calls: $55.0mQ3 24 puts: $46.3mQ3 24P/C 0.84Q4 24 calls: $74.3mQ4 24 puts: $144.4mQ4 24P/C 1.94
Numbers
QuarterCallsPutsP/C
Q1 2024$186.1m$237.1m1.27
Q2 2024$6.1m$186.6m30.51
Q3 2024$55.0m$46.3m0.84
Q4 2024$74.3m$144.4m1.94

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +5,297,542+5.3m
JANE STREET GROUP, LLC Added +2,143,876+2.1m
LPL Financial LLC Added +2,053,687+2.1m
WELLS FARGO & COMPANY/MN Added +1,608,092+1.6m
Betterment LLC Added +1,371,663+1.4m
D. E. Shaw & Co., Inc. Added +1,348,400+1.3m
MORGAN STANLEY Added +1,238,783+1.2m
ENVESTNET ASSET MANAGEMENT INC Added +1,138,987+1.1m
Focus Partners Wealth Added +1,081,963+1.1m
ALLSTATE CORP Added +836,945+836.9k

Biggest sellers

JPMORGAN CHASE & CO Reduced -9,290,462-9.3m
Wealthfront Advisers LLC Reduced -2,163,852-2.2m
US BANCORP \DE\ Reduced -1,282,076-1.3m
Centiva Capital, LP Reduced -661,189-661.2k
FMR LLC Reduced -530,753-530.8k
CIBC WORLD MARKET INC. Sold out -500,160-500.2k
Envestnet Portfolio Solutions, Inc. Reduced -470,156-470.2k
Orgel Wealth Management, LLC Reduced -306,126-306.1k
Bank of New York Mellon Corp Reduced -293,544-293.5k
Mosaic Advisors LLC Reduced -289,844-289.8k

Biggest calls

LMR Partners LLP Added $73.5m690.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $692.6k6.5k shares
CITADEL ADVISORS LLC Reduced $53.3k500 shares

Biggest puts

LMR Partners LLP New $106.5m1.0m shares
CITADEL ADVISORS LLC Reduced $30.0m281.1k shares
JANE STREET GROUP, LLC Reduced $3.3m30.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.5m23.7k shares
Walleye Trading LLC Unchanged $2.1m20.0k 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.

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, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.30% of their portfolio CHARLOTTE, NC 30,881,18930.9m $3.3bn $3.3bn 0.30% Added +5.3m +5,297,542
2 ENVESTNET ASSET MANAGEMENT INC 0.70% of their portfolio Berwyn, PA 20,358,58520.4m $2.2bn $2.2bn 0.70% Added +1.1m +1,138,987
3 Betterment LLC 4.64% of their portfolio NEW YORK, NY 18,258,25918.3m $1.9bn $1.9bn 4.64% Added +1.4m +1,371,663
4 FMR LLC 0.09% of their portfolio BOSTON, MA 13,682,37213.7m $1.5bn $1.5bn 0.09% Reduced -530.8k -530,753
5 Creative Planning 1.37% of their portfolio OVERLAND PARK, KS 13,224,76413.2m $1.4bn $1.4bn 1.37% Added +597.2k +597,184
6 WELLS FARGO & COMPANY/MN 0.27% of their portfolio SAN FRANCISCO, CA 10,606,14610.6m $1.1bn $1.1bn 0.27% Added +1.6m +1,608,092
7 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 10,105,96210.1m $1.1bn $1.1bn 0.09% Reduced -9.3m -9,290,462
8 LPL Financial LLC 0.42% of their portfolio FORT MILL, SC 9,636,6109.6m $1.0bn $1.0bn 0.42% Added +2.1m +2,053,687
9 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 9,061,3689.1m $965.5m $965.5m 0.07% Added +1.2m +1,238,783
10 Bank of New York Mellon Corp 0.18% of their portfolio NEW YORK, NY 9,020,0299.0m $961.1m $961.1m 0.18% Reduced -293.5k -293,544
11 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.16% of their portfolio SAN FRANCISCO, CA 8,397,8188.4m $894.8m $894.8m 0.16% Added +140.3k +140,255
12 Wealthfront Advisers LLC 2.36% of their portfolio Palo Alto, CA 7,576,5797.6m $807.3m $807.3m 2.36% Reduced -2.2m -2,163,852
13 PNC Financial Services Group, Inc. 0.52% of their portfolio Pittsburgh, PA 7,338,3947.3m $781.9m $781.9m 0.52% Reduced -28.4k -28,368
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.63% of their portfolio MILWAUKEE, WI 7,037,5197.0m $749.8m $749.8m 0.63% Added +725.2k +725,232
15 MERCER GLOBAL ADVISORS INC /ADV 1.67% of their portfolio DENVER, CO 6,435,4816.4m $685.7m $685.7m 1.67% Reduced -6.6k -6,555
16 Fisher Asset Management, LLC 0.24% of their portfolio PLANO, TX 5,745,6545.7m $612.2m $612.2m 0.24% Added +470.7k +470,739
17 US BANCORP \DE\ 0.78% of their portfolio MINNEAPOLIS, MN 5,573,4385.6m $593.9m $593.9m 0.78% Reduced -1.3m -1,282,076
18 SEI INVESTMENTS CO 0.76% of their portfolio OAKS, PA 5,523,1285.5m $588.5m $588.5m 0.76% Added +692.4k +692,406
19 TIAA TRUST, NATIONAL ASSOCIATION 1.58% of their portfolio CHARLOTTE, NC 4,882,6754.9m $520.2m $520.2m 1.58% Reduced -86.7k -86,744
20 Envestnet Portfolio Solutions, Inc. 1.68% of their portfolio BERWYN, PA 4,832,3444.8m $514.9m $514.9m 1.68% Reduced -470.2k -470,156
21 Orgel Wealth Management, LLC 9.36% of their portfolio ALTOONA, WI 3,366,6293.4m $358.7m $358.7m 9.36% Reduced -306.1k -306,126
22 COMMONWEALTH EQUITY SERVICES, LLC 0.46% of their portfolio WALTHAM, MA 2,931,6262.9m $312.4m $312.4m 0.46% Added +70.6k +70,585
23 RWA WEALTH PARTNERS, LLC 3.65% of their portfolio BOSTON, MA 2,780,5962.8m $296.3m $296.3m 3.65% Reduced -13.3k -13,279
24 FIRST CITIZENS BANK & TRUST CO 5.16% of their portfolio RALEIGH, NC 2,639,3782.6m $281.2m $281.2m 5.16% Reduced -25.9k -25,878
25 UBS Group AG 0.06% of their portfolio ZURICH, V8 2,628,0622.6m $280.0m $280.0m 0.06% Reduced -125.7k -125,748
26 ASSETMARK, INC 0.75% of their portfolio CONCORD, CA 2,595,1592.6m $276.5m $276.5m 0.75% Added +145.5k +145,508
27 JANE STREET GROUP, LLC 0.38% of their portfolio NEW YORK, NY 2,241,3802.2m $238.8m $238.8m 0.38% Added +2.1m +2,143,876
28 Mariner, LLC 0.35% of their portfolio Overland Park, KS 1,932,0891.9m $205.9m $205.9m 0.35% Added +226.4k +226,353
29 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,817,1411.8m $193.6m $193.6m 0.04% Reduced -170.7k -170,662
30 MML INVESTORS SERVICES, LLC 0.63% of their portfolio SPRINGFIELD, MA 1,717,1371.7m $183.0m $183.0m 0.63% Added +211.4k +211,408
31 Cetera Investment Advisers 0.36% of their portfolio SCHAUMBURG, IL 1,623,0431.6m $172.9m $172.9m 0.36% Added +128.7k +128,651
32 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 1,593,4231.6m $169.8m $169.8m 0.23% Reduced -84.0k -83,990
33 ALLSTATE CORP 4.95% of their portfolio NORTHBROOK, IL 1,578,3801.6m $168.2m $168.2m 4.95% Added +836.9k +836,945
34 Facet Wealth, Inc. 4.39% of their portfolio WEST PALM BEACH, FL 1,549,9551.5m $165.4m $165.4m 4.39% Added +86.2k +86,153
35 OSAIC HOLDINGS, INC. 0.24% of their portfolio SCOTTSDALE, AZ 1,518,8351.5m $107.4m $107.4m 0.24% Added +732.6k +732,628
36 JONES FINANCIAL COMPANIES LLLP 0.15% of their portfolio DES PERES, MO 1,516,7301.5m $161.6m $161.6m 0.15% Added +308.7k +308,689
37 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,463,5341.5m $155.9m $155.9m 0.04% Added +69.4k +69,391
38 Focus Partners Wealth 0.20% of their portfolio ST LOUIS, MO 1,451,7901.5m $154.8m $154.8m 0.20% Added +1.1m +1,081,963
39 D. E. Shaw & Co., Inc. 0.16% of their portfolio New York, NY 1,356,8001.4m $144.6m $144.6m 0.16% Added +1.3m +1,348,400
40 SIGNATUREFD, LLC 2.72% of their portfolio ATLANTA, GA 1,346,4041.3m $143.5m $143.5m 2.72% Reduced -8.3k -8,327
41 Sequoia Financial Advisors, LLC 1.35% of their portfolio Akron, OH 1,312,9021.3m $139.9m $139.9m 1.35% Added +289.4k +289,407
42 Choate Investment Advisors 3.26% of their portfolio BOSTON, MA 1,272,1751.3m $135.6m $135.6m 3.26% Reduced -110.4k -110,440
43 One Capital Management, LLC 4.22% of their portfolio WESTLAKE VILLAGE, CA 1,196,5251.2m $127.5m $127.5m 4.22% Reduced -42.6k -42,591
44 TRUIST FINANCIAL CORP 0.20% of their portfolio CHARLOTTE, NC 1,177,6511.2m $125.5m $125.5m 0.20% Added +281.4k +281,364
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.24% of their portfolio PLYMOUTH, MN 1,166,3871.2m $124.3m $124.3m 0.24% Added +492.6k +492,585
46 AVANTAX ADVISORY SERVICES, INC. 0.78% of their portfolio DALLAS, TX 1,160,5611.2m $123.7m $123.7m 0.78% Added +181.7k +181,695
47 CAPTRUST FINANCIAL ADVISORS 0.35% of their portfolio RALEIGH, NC 1,136,1811.1m $121.1m $121.1m 0.35% Added +87.9k +87,863
48 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.32% of their portfolio MINNEAPOLIS, MN 1,124,6991.1m $119.8m $119.8m 2.32% Added +16.6k +16,633
49 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,117,1251.1m $119.0m $119.0m 0.02% Reduced -79.1k -79,114
50 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 1,109,7331.1m $118.2m $118.2m 0.04% First filing
51 CITIGROUP INC 0.11% of their portfolio NEW YORK, NY 1,101,6761.1m $117.4m $117.4m 0.11% Added +238.3k +238,296
52 EP Wealth Advisors, LLC 0.91% of their portfolio TORRANCE, CA 1,050,5111.1m $111.9m $111.9m 0.91% Added +110.2k +110,174
53 PARK AVENUE SECURITIES LLC 1.13% of their portfolio NEW YORK, NY 1,033,6111.0m $110.1m $110.1m 1.13% Added +85.2k +85,183
54 OXFORD FINANCIAL GROUP, LTD. LLC 6.59% of their portfolio INDIANAPOLIS, IN 955,656955.7k $101.8m $101.8m 6.59% Reduced -11.9k -11,922
55 Ellevest, Inc. 5.76% of their portfolio NEW YORK, NY 936,540936.5k $99.8m $99.8m 5.76% Reduced -7.7k -7,691
56 NATIXIS ADVISORS, LLC 0.18% of their portfolio Boston, MA 889,955890.0k $94.8m $94.8m 0.18% Added +748.8k +748,766
57 Balentine LLC 3.80% of their portfolio ATLANTA, GA 879,575879.6k $93.7m $93.7m 3.80% Reduced -6.2k -6,228
58 OneDigital Investment Advisors LLC 0.99% of their portfolio OVERLAND PARK, KS 797,590797.6k $85.0m $85.0m 0.99% Reduced -12.8k -12,790
59 Meeder Advisory Services, Inc. 5.25% of their portfolio DUBLIN, OH 789,869789.9k $84.2m $84.2m 5.25% Added +71.8k +71,813
60 Cerity Partners LLC 0.17% of their portfolio NEW YORK, NY 755,548755.5k $80.5m $80.5m 0.17% Added +27.3k +27,273
61 Arkos Global Advisors 11.38% of their portfolio HOUSTON, TX 727,982728.0k $77.6m $77.6m 11.38% Added +16.2k +16,169
62 Orion Porfolio Solutions, LLC 0.77% of their portfolio OMAHA, NE 726,230726.2k $77.4m $77.4m 0.77% Added +72.4k +72,365
63 Orion Portfolio Solutions, LLC 0.77% of their portfolio Omaha, NE 726,230726.2k $77.4m $77.4m 0.77% Added +72.4k +72,365
64 Corient Private Wealth LP 0.12% of their portfolio MIAMI, FL 687,472687.5k $73.3m $73.3m 0.12% Reduced -83.3k -83,295
65 CWM, LLC 0.30% of their portfolio OMAHA, NE 683,531683.5k $72.8m $72.8m 0.30% Reduced -108.8k -108,826
66 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 660,474660.5k $70.4m $70.4m 0.07% Reduced -14.1k -14,073
67 Forvis Mazars Wealth Advisors, LLC 1.57% of their portfolio Springfield, MO 637,905637.9k $68.0m $68.0m 1.57% Added +53.5k +53,544
68 Crestwood Advisors Group, LLC 1.27% of their portfolio BOSTON, MA 634,334634.3k $67.6m $67.6m 1.27% Reduced -19.8k -19,786
69 STATE OF WISCONSIN INVESTMENT BOARD 0.17% of their portfolio MADISON, WI 607,800607.8k $64.8m $64.8m 0.17% Unchanged
70 Prime Capital Investment Advisors, LLC 0.92% of their portfolio OVERLAND PARK, KS 597,523597.5k $63.7m $63.7m 0.92% Added +4.0k +3,954
71 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.54% of their portfolio IRVING, TX 597,477597.5k $63.7m $63.7m 0.54% Reduced -26.9k -26,874
72 Wealthspire Advisors, LLC 0.62% of their portfolio NEW YORK, NY 584,735584.7k $62.3m $62.3m 0.62% Reduced -13.1k -13,148
73 Financial Engines Advisors L.L.C. 0.13% of their portfolio SANTA CLARA, CA 582,827582.8k $62.1m $62.1m 0.13% Added +7.6k +7,582
74 Wealthcare Advisory Partners LLC 1.67% of their portfolio WEST CHESTER, PA 565,380565.4k $60.2m $60.2m 1.67% Added +105.3k +105,343
75 BESSEMER GROUP INC 0.10% of their portfolio WOODBRIDGE, NJ 558,358558.4k $59.5m $59.5m 0.10% Added +105.7k +105,720
76 SOFI WEALTH, LLC 4.01% of their portfolio SAN FRANCISCO, CA 549,510549.5k $58.6m $58.6m 4.01% Added +64.3k +64,274
77 Beacon Pointe Advisors, LLC 0.64% of their portfolio NEWPORT BEACH, CA 545,336545.3k $58.1m $58.1m 0.64% Reduced -3.3k -3,336
78 Foster Group, Inc. 2.16% of their portfolio WEST DES MOINES, IA 532,674532.7k $56.8m $56.8m 2.16% Added +48.0k +47,988
79 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 500,694500.7k $53.3m $53.3m 0.03% Added +44.9k +44,937
80 JFS WEALTH ADVISORS, LLC 3.61% of their portfolio HERMITAGE, PA 495,989496.0k $52.8m $52.8m 3.61% Added +30.6k +30,600
81 Kestra Investment Management, LLC 2.06% of their portfolio AUSTIN, TX 493,112493.1k $52.5m $52.5m 2.06% Added +90.4k +90,378
82 MANNING & NAPIER ADVISORS LLC 0.60% of their portfolio Fairport, NY 490,539490.5k $52.3m $52.3m 0.60% Reduced -9.9k -9,913
83 COLDSTREAM CAPITAL MANAGEMENT INC 1.10% of their portfolio BELLEVUE, WA 485,287485.3k $51.7m $51.7m 1.10% Reduced -13.2k -13,197
84 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 463,155463.2k $49.3m $49.3m 0.02% Added +34.3k +34,322
85 COMERICA BANK 0.19% of their portfolio DALLAS, TX 434,512434.5k $46.3m $46.3m 0.19% Added +67.4k +67,438
86 ANGELES WEALTH MANAGEMENT, LLC 3.72% of their portfolio SANTA MONICA, CA 423,985424.0k $45.2m $45.2m 3.72% Reduced -160.1k -160,138
87 Farther Finance Advisors, LLC 1.63% of their portfolio SAN FRANCISCO, CA 422,029422.0k $45.0m $45.0m 1.63% Added +121.7k +121,681
88 Pathstone Holdings, LLC 0.20% of their portfolio ENGLEWOOD, NJ 421,747421.7k $44.9m $44.9m 0.20% Reduced -7.0k -7,018
89 Global Strategic Investment Solutions, LLC 5.08% of their portfolio Scottsdale, AZ 407,601407.6k $43.4m $43.4m 5.08% Added +129.8k +129,827
90 Rockefeller Capital Management L.P. 0.11% of their portfolio NEW YORK, NY 396,449396.4k $42.2m $42.2m 0.11% Added +3.3k +3,260
91 Baird Financial Group, Inc. 0.08% of their portfolio MILWAUKEE, WI 386,368386.4k $41.2m $41.2m 0.08% Added +77.7k +77,715
92 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 371,899371.9k $39.9m $39.9m 0.08% Added +7.3k +7,310
93 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 364,236364.2k $38.8m $38.8m 0.02% Reduced -3.1k -3,096
94 Allworth Financial LP 0.21% of their portfolio FOLSOM, CA 355,638355.6k $37.8m $37.8m 0.21% Added +101.7k +101,692
95 Waldron Private Wealth LLC 1.52% of their portfolio BRIDGEVILLE, PA 355,064355.1k $37.8m $37.8m 1.52% Added +11.6k +11,602
96 AE Wealth Management LLC 0.32% of their portfolio TOPEKA, KS 353,862353.9k $37.7m $37.7m 0.32% Added +17.8k +17,815
97 Sanctuary Advisors, LLC 0.23% of their portfolio INDIANAPOLIS, IN 345,357345.4k $36.9m $36.9m 0.23% Reduced -22.0k -22,023
98 COMMERCE BANK 0.22% of their portfolio KANSAS CITY, MO 342,393342.4k $36.5m $36.5m 0.22% Added +36.5k +36,468
99 Plante Moran Financial Advisors, LLC 3.00% of their portfolio SOUTHFIELD, MI 339,112339.1k $36.1m $36.1m 3.00% Reduced -37.5k -37,468
100 NISA INVESTMENT ADVISORS, LLC 0.14% of their portfolio ST. LOUIS, MO 338,995339.0k $36.1m $36.1m 0.14% Reduced -35.9k -35,945