Vault-13

ISHARES TR USRT

CRE U S REIT ETF · ETP · CUSIP 464288521

396 institutional holders +33 vs Q3 2025
39,915,73739.9m shares reported held*
$2.3bnreported value*
36 new 175 added 98 reduced 22 sold out net bought ≈ $216.7m (+3.8m 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 ($6.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.07.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 300Q4 22: 328Q1 23: 322Q2 23: 328Q3 23: 326Q4 23: 346Q1 24: 330Q2 24: 323Q3 24: 352Q4 24: 373Q1 25: 379Q2 25: 370Q3 25: 363Q4 25: 396396Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022300
Q4 2022328
Q1 2023322
Q2 2023328
Q3 2023326
Q4 2023346
Q1 2024330
Q2 2024323
Q3 2024352
Q4 2024373
Q1 2025379
Q2 2025370
Q3 2025363
Q4 2025396

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 144 bought or addedQ1 24: 165 cut or sold outQ2 24: 148 bought or addedQ2 24: 143 cut or sold outQ2 24Q3 24: 172 bought or addedQ3 24: 150 cut or sold outQ4 24: 176 bought or addedQ4 24: 153 cut or sold outQ4 24Q1 25: 177 bought or addedQ1 25: 161 cut or sold outQ2 25: 171 bought or addedQ2 25: 166 cut or sold outQ2 25Q3 25: 180 bought or addedQ3 25: 141 cut or sold outQ4 25: 211 bought or addedQ4 25: 120 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024144165
Q2 2024148143
Q3 2024172150
Q4 2024176153
Q1 2025177161
Q2 2025171166
Q3 2025180141
Q4 2025211120

Calls vs puts

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

CallsPuts
$0$2k$4k$6kQ1 25 calls: $5.8kQ1 25 puts: $5.8kQ1 25P/C 1.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$5.8k$5.8k1.00
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,151,914+1.2m
MORGAN STANLEY Added +1,136,903+1.1m
Corient Private Wealth LP Added +692,619+692.6k
TWO SIGMA INVESTMENTS, LP New +624,700+624.7k
BlackRock, Inc. Added +252,286+252.3k
ENVESTNET ASSET MANAGEMENT INC Added +147,838+147.8k
Smartleaf Asset Management LLC Added +145,666+145.7k
Wealthcare Advisory Partners LLC New +100,663+100.7k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +92,589+92.6k
Heritage Financial Services, LLC Added +89,348+89.3k

Biggest sellers

Johns Hopkins University Sold out -868,007-868.0k
JPMORGAN CHASE & CO Reduced -270,248-270.2k
FIDUCIENT ADVISORS LLC Reduced -150,630-150.6k
UBS Group AG Reduced -134,497-134.5k
OSAIC HOLDINGS, INC. Reduced -59,823-59.8k
MOODY NATIONAL BANK TRUST DIVISION Reduced -52,084-52.1k
Thrivent Financial for Lutherans Reduced -48,284-48.3k
Sanctuary Advisors, LLC Reduced -41,479-41.5k
AXS Investments LLC Reduced -38,787-38.8k
US BANCORP \DE\ Reduced -38,478-38.5k

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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: BlackRock Portfolio Management LLC (5.0%, 2026-10-27)

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,672,6364.7m $266.2m $266.2m 0.00% Added +252.3k +252,286
2 US BANCORP \DE\ 0.19% of their portfolio MINNEAPOLIS, MN 2,811,8462.8m $160.2m $160.2m 0.19% Reduced -38.5k -38,478
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,164,3472.2m $123.3m $123.3m 0.01% Added +1.1m +1,136,903
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,841,0871.8m $104.9m $104.9m 0.07% Added +92.6k +92,589
5 GLENMEDE TRUST CO NA 0.47% of their portfolio PHILADELPHIA, PA 1,746,0311.7m $99.5m $99.5m 0.47% First filing
6 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,433,3581.4m $81.6m $81.6m 0.01% Added +1.2m +1,151,914
7 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 1,274,9961.3m $74.5m $74.5m 0.05% Added +692.6k +692,619
8 Trust Co of Tennessee 12.53% of their portfolio KNOXVILLE, TN 1,107,4891.1m $63.1m $63.1m 12.53% Added +23.1k +23,120
9 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 871,899871.9k $49.7m $49.7m 0.07% Added +1.2k +1,240
10 Heritage Financial Services, LLC 4.13% of their portfolio Westwood, MA 867,698867.7k $49.4m $49.4m 4.13% Added +89.3k +89,348
11 Disciplina Capital Management LLC 5.01% of their portfolio NASHVILLE, TN 768,873768.9k $43.8m $43.8m 5.01% Added +82.8k +82,788
12 Rakuten Investment Management, Inc. 0.15% of their portfolio TOKYO, M0 741,871741.9k $43.2m $43.2m 0.15% Unchanged
13 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 682,884682.9k $38.9m $38.9m 0.01% Reduced -7.1k -7,064
14 TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio NEW YORK, NY 624,700624.7k $35.6m $35.6m 0.05% New
15 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 589,379589.4k $33.6m $33.6m 0.01% Added +147.8k +147,838
16 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 564,160564.2k $32.1m $32.1m 0.04% Added +41.0k +41,028
17 Apollon Wealth Management, LLC 0.53% of their portfolio MOUNT PLEASANT, SC 537,928537.9k $30.6m $30.6m 0.53% Added +19.1k +19,119
18 MISSION WEALTH MANAGEMENT, LP 0.61% of their portfolio Santa Barbara, CA 527,722527.7k $30.1m $30.1m 0.61% Added +3.0k +3,030
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 488,351488.4k $28.1m $28.1m 0.04% Added +19.5k +19,467
20 CHOREO, LLC 0.32% of their portfolio ROCKFORD, IL 441,001441.0k $25.3m $25.3m 0.32% Reduced -12.9k -12,877
21 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 418,898418.9k $24.0m $24.0m 0.04% Reduced -48.3k -48,284
22 Charles Schwab Trust Co 1.57% of their portfolio HENDERSON, NV 418,341418.3k $23.8m $23.8m 1.57% Reduced -6.7k -6,683
23 Rodgers & Associates, LTD 2.17% of their portfolio Lancaster, PA 376,251376.3k $21.4m $21.4m 2.17% Added +22.3k +22,274
24 93 Financial Group, LLC 9.06% of their portfolio WOBURN, MA 365,381365.4k $20.8m $20.8m 9.06% First filing
25 STEPHENS INC /AR/ 0.26% of their portfolio LITTLE ROCK, AR 360,652360.7k $20.5m $20.5m 0.26% Added +35.3k +35,324
26 S. R. Schill & Associates 13.99% of their portfolio MERCER ISLAND, WA 347,953348.0k $19.8m $19.8m 13.99% Reduced -2.4k -2,357
27 Financial & Tax Architects, LLC 4.20% of their portfolio ST LOUIS, MO 328,323328.3k $18.7m $18.7m 4.20% Reduced -19.2k -19,180
28 Kestra Investment Management, LLC 0.44% of their portfolio AUSTIN, TX 318,466318.5k $18.1m $18.1m 0.44% Added +32.2k +32,168
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 300,991301.0k $17.1m $17.1m 0.00% Reduced -134.5k -134,497
30 Pacific Life Fund Advisors LLC 1.75% of their portfolio NEWPORT BEACH, CA 298,031298.0k $17.0m $17.0m 1.75% Reduced -23.4k -23,356
31 SUMITOMO LIFE INSURANCE CO 0.46% of their portfolio TOKYO, M0 293,300293.3k $16.7m $16.7m 0.46% Added +11.0k +11,000
32 Rockbridge Investment Management, LCC 1.48% of their portfolio Syracuse, NY 279,540279.5k $15.9m $15.9m 1.48% Added +6.5k +6,506
33 PGIM Custom Harvest LLC 0.23% of their portfolio NEWARK, NJ 276,815276.8k $15.8m $15.8m 0.23% Reduced -14.9k -14,868
34 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 252,200252.2k $14.4m $14.4m 0.01% Added +56.7k +56,700
35 MPS Loria Financial Planners, LLC 3.67% of their portfolio Burr Ridge, IL 250,649250.6k $14.3m $14.3m 3.67% Added +3.9k +3,938
36 FIDUCIENT ADVISORS LLC 1.75% of their portfolio Chicago, IL 247,263247.3k $14.1m $14.1m 1.75% Reduced -150.6k -150,630
37 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 245,358245.4k $14.3m $14.3m 0.06% Reduced -2.5k -2,519
38 Pure Financial Advisors, LLC 0.21% of their portfolio SAN DIEGO, CA 245,340245.3k $14.0m $14.0m 0.21% Added +9.4k +9,417
39 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 244,201244.2k $13.9m $13.9m 0.03% Added +18.3k +18,323
40 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 237,501237.5k $13.5m $13.5m 0.02% Reduced -59.8k -59,823
41 TECTONIC ADVISORS LLC 0.69% of their portfolio FRISCO, TX 229,606229.6k $13.1m $13.1m 0.69% Added +34.3k +34,300
42 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 215,121215.1k $12.3m $12.3m 0.00% Added +6.5k +6,533
43 Biltmore Wealth Management, LLC 4.61% of their portfolio TEMPE, AZ 214,513214.5k $12.2m $12.2m 4.61% Added +5.2k +5,187
44 Cannon Financial Strategists, Inc. 1.62% of their portfolio ATHENS, GA 204,279204.3k $11.6m $11.6m 1.62% Added +10.8k +10,815
45 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 198,559198.6k $11.3m $11.3m 0.01% Added +38.0k +38,016
46 Glenview Trust Co 0.17% of their portfolio Louisville, KY 194,654194.7k $11.1m $11.1m 0.17% Reduced -4.5k -4,518
47 Blueprint Investment Partners LLC 1.09% of their portfolio GREENSBORO, NC 178,154178.2k $10.1m $10.1m 1.09% Added +29.7k +29,704
48 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.05% of their portfolio Stamford, CT 167,074167.1k $9.5m $9.5m 0.05% Reduced -3.7k -3,668
49 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.60% of their portfolio FORT WAYNE, IN 164,557164.6k $9.4m $9.4m 0.60% Reduced -837 -837
50 EARNED WEALTH ADVISORS, LLC 0.66% of their portfolio WALNUT CREEK, CA 163,822163.8k $9.3m $9.3m 0.66% Added +81.6k +81,633
51 Freedom Day Solutions, LLC 2.48% of their portfolio HOUSTON, TX 160,334160.3k $9.1m $9.1m 2.48% Added +1.5k +1,538
52 Cornerstone Management, Inc. 1.43% of their portfolio DULUTH, GA 154,237154.2k $8.8m $8.8m 1.43% Added +7.2k +7,161
53 Smartleaf Asset Management LLC 0.32% of their portfolio BOSTON, MA 147,288147.3k $8.5m $8.5m 0.32% Added +145.7k +145,666
54 Compound Planning, Inc. 0.24% of their portfolio NEW YORK, NY 141,106141.1k $8.0m $8.0m 0.24% Reduced -11.5k -11,485
55 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 137,472137.5k $7.8m $7.8m 0.00% Reduced -270.2k -270,248
56 ERn Financial, LLC 1.38% of their portfolio MIDDLETON, WI 128,841128.8k $7.3m $7.3m 1.38% Added +2.3k +2,320
57 MOODY NATIONAL BANK TRUST DIVISION 0.71% of their portfolio GALVESTON, TX 128,759128.8k $7.3m $7.3m 0.71% Reduced -52.1k -52,084
58 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 125,974126.0k $7.2m $7.2m 0.01% Added +1.8k +1,806
59 TPG Financial Advisors, LLC 2.17% of their portfolio PORTLAND, OR 114,062114.1k $6.5m $6.5m 2.17% Added +10.3k +10,326
60 Avior Wealth Management, LLC 0.20% of their portfolio OMAHA, NE 112,703112.7k $6.4m $6.4m 0.20% Reduced -22.4k -22,362
61 Legacy Financial Group LLC 0.82% of their portfolio DES MOINES, IA 111,380111.4k $6.6m $6.6m 0.82% Reduced -8.8k -8,793
62 Blueprint Financial Advisors LLC 0.94% of their portfolio GREENSBOTO, NC 107,840107.8k $6.1m $6.1m 0.94% Added +23.7k +23,746
63 Mariner, LLC 0.01% of their portfolio Overland Park, KS 107,134107.1k $6.1m $6.1m 0.01% Added +4.5k +4,532
64 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 106,787106.8k $6.1m $6.1m 0.01% Added +2.9k +2,853
65 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 102,469102.5k $5.8m $5.8m 0.00% Added +54.4k +54,394
66 Wealthcare Advisory Partners LLC 0.11% of their portfolio WEST CHESTER, PA 100,663100.7k $5.7m $5.7m 0.11% New
67 Peak Financial Management, Inc. 1.45% of their portfolio WELLESLEY, MA 98,79198.8k $5.6m $5.6m 1.45% Added +1.8k +1,753
68 Rialto Wealth Management, LLC 1.34% of their portfolio SYRACUSE, NY 98,52198.5k $5.6m $5.6m 1.34% Added +9.6k +9,623
69 CORNERSTONE PARTNERS CAPITAL MANAGEMENT, LLC 15.25% of their portfolio CHARLOTTESVILLE, VA 97,08097.1k $5.5m $5.5m 15.25% Unchanged
70 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 86,54286.5k $4.9m $4.9m 0.01% Added +15.2k +15,216
71 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 84,89884.9k $4.8m $4.8m 0.01% Added +10.7k +10,655
72 Topel & Distasi Wealth Management, LLC 2.21% of their portfolio BERKELEY, CA 79,58579.6k $4.5m $4.5m 2.21% Added +5.3k +5,345
73 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 76,33776.3k $4.3m $4.3m 0.00% Added +8.0k +8,022
74 Visionary Wealth Advisors 0.19% of their portfolio O'FALLON, IL 75,75575.8k $4.3m $4.3m 0.19% Reduced -2.7k -2,689
75 Prosperity Planning, Inc. 1.12% of their portfolio NORTH KANSAS CITY, MO 75,11775.1k $4.3m $4.3m 1.12% Added +4.7k +4,684
76 Envision Financial LLC 2.09% of their portfolio BROOKFIELD, WI 69,32769.3k $3.9m $3.9m 2.09% Added +6.0k +6,025
77 AXS Investments LLC 1.35% of their portfolio PORT CHESTER, NY 68,62868.6k $3.9m $3.9m 1.35% Reduced -38.8k -38,787
78 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 68,38768.4k $3.9m $3.9m 0.00% Added +8.6k +8,639
79 Modern Wealth Management, LLC 0.07% of their portfolio KANSAS CITY, MO 67,86867.9k $3.9m $3.9m 0.07% Reduced -2.6k -2,633
80 CoreCap Advisors, LLC 0.13% of their portfolio SOUTHFIELD, MI 66,91666.9k $3.8m $3.8m 0.13% Reduced -586 -586
81 Windsor Capital Management, LLC 1.03% of their portfolio Phoenix, AZ 65,26165.3k $3.7m $3.7m 1.03% Added +477 +477
82 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 63,60963.6k $3.6m $3.6m 0.00% Added +11.6k +11,566
83 Naviter Wealth, LLC 0.47% of their portfolio LITTLE ROCK, AR 62,87162.9k $3.6m $3.6m 0.47% Added +22.5k +22,498
84 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 62,10662.1k $3.5m $3.5m 0.03% Reduced -187 -187
85 Fund Evaluation Group, LLC 0.12% of their portfolio CINCINNATI, OH 62,01062.0k $3.5m $3.5m 0.12% Unchanged
86 Walkner Condon Financial Advisors LLC 0.47% of their portfolio MADISON, WI 59,47259.5k $3.4m $3.4m 0.47% Added +13.8k +13,763
87 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 58,58058.6k $3.3m $3.3m 0.01% Added +8.7k +8,733
88 ALONGSIDE, LLC 1.07% of their portfolio AUSTIN, TX 56,53556.5k $3.2m $3.2m 1.07% First filing
89 U.S. Capital Wealth Advisors, LLC 0.08% of their portfolio AUSTIN, TX 55,99156.0k $3.2m $3.2m 0.08% Added +3.6k +3,555
90 Millington Financial Advisors, LLC 1.48% of their portfolio NAPERVILLE, IL 55,34555.3k $3.3m $3.3m 1.48% Added +6.0k +6,033
91 PRIVATE CLIENT SERVICES, LLC 0.97% of their portfolio LOUISVILLE, KY 54,21154.2k $3.1m $3.1m 0.97% Added +9.7k +9,727
92 Stamos Capital Partners, L.P. 0.50% of their portfolio Menlo Park, CA 54,09254.1k $3.1m $3.1m 0.50% Added +22.7k +22,709
93 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 53,94753.9k $3.1m $3.1m 0.00% Reduced -1.7k -1,677
94 Financial Management, Inc. 2.81% of their portfolio LITTLE ROCK, AR 51,91651.9k $3.0m $3.0m 2.81% First filing
95 Independent Wealth Network Inc. 0.87% of their portfolio URBANDALE, IA 50,15550.2k $2.9m $2.9m 0.87% Added +2.3k +2,284
96 COMMERCE BANK 0.02% of their portfolio KANSAS CITY, MO 50,01450.0k $2.8m $2.8m 0.02% Added +4.2k +4,195
97 CREATIVE FINANCIAL DESIGNS INC /ADV 0.17% of their portfolio KOKOMO, IN 48,20748.2k $2.7m $2.7m 0.17% Added +1.3k +1,336
98 Post Resch Tallon Group Inc. 2.31% of their portfolio PITTSFORD, NY 47,94747.9k $2.7m $2.7m 2.31% Added +11.7k +11,693
99 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 47,23447.2k $2.7m $2.7m 0.01% Added +7.8k +7,779
100 Financial Planning Fort Collins, LLC 2.31% of their portfolio FORT COLLINS, CO 46,19646.2k $2.6m $2.6m 2.31% First filing