Vault-13

ISHARES TR MBB

MBS ETF · ETP · CUSIP 464288588

935 institutional holders -10 vs Q2 2025
433,979,932434.0m shares reported held*
$41.4bnreported value*
78 new 449 added 285 reduced 85 sold out net bought ≈ $6.4bn (+66.8m 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 ($49.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $95.32. Options: 3 managers hold calls ($12.3m notional), 3 hold puts ($2.8m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 687Q4 22: 757Q1 23: 750Q2 23: 785Q3 23: 769Q4 23: 867Q1 24: 845Q2 24: 842Q3 24: 880Q4 24: 933Q1 25: 941Q2 25: 945Q3 25: 935935Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022687
Q4 2022757
Q1 2023750
Q2 2023785
Q3 2023769
Q4 2023867
Q1 2024845
Q2 2024842
Q3 2024880
Q4 2024933
Q1 2025941
Q2 2025945
Q3 2025935

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 430 bought or addedQ4 23: 360 cut or sold outQ1 24: 464 bought or addedQ1 24: 369 cut or sold outQ1 24Q2 24: 447 bought or addedQ2 24: 371 cut or sold outQ3 24: 510 bought or addedQ3 24: 329 cut or sold outQ3 24Q4 24: 492 bought or addedQ4 24: 370 cut or sold outQ1 25: 425 bought or addedQ1 25: 481 cut or sold outQ1 25Q2 25: 493 bought or addedQ2 25: 399 cut or sold outQ3 25: 527 bought or addedQ3 25: 370 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023430360
Q1 2024464369
Q2 2024447371
Q3 2024510329
Q4 2024492370
Q1 2025425481
Q2 2025493399
Q3 2025527370

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ4 24 calls: $16.5mQ4 24 puts: $2.7mQ4 24P/C 0.16Q1 25 calls: $57.7mQ1 25 puts: $4.4mQ1 25P/C 0.08Q2 25 calls: $9.2mQ2 25 puts: $1.6mQ2 25P/C 0.18Q3 25 calls: $12.3mQ3 25 puts: $2.8mQ3 25P/C 0.23
Numbers
QuarterCallsPutsP/C
Q4 2024$16.5m$2.7m0.16
Q1 2025$57.7m$4.4m0.08
Q2 2025$9.2m$1.6m0.18
Q3 2025$12.3m$2.8m0.23

Biggest buyers

JPMORGAN CHASE & CO Added +52,860,294+52.9m
BANK OF AMERICA CORP /DE/ Added +7,566,099+7.6m
BARCLAYS PLC Added +3,322,737+3.3m
LPL Financial LLC Added +1,447,255+1.4m
TIAA TRUST, NATIONAL ASSOCIATION Added +1,399,487+1.4m
Fisher Asset Management, LLC Added +1,206,273+1.2m
RENAISSANCERE HOLDINGS LTD Added +997,000+997.0k
Annex Advisory Services, LLC New +860,417+860.4k
MIDLAND WEALTH ADVISORS, LLC Added +797,198+797.2k
ENVESTNET ASSET MANAGEMENT INC Added +727,070+727.1k

Biggest sellers

ROYAL BANK OF CANADA Reduced -3,950,565-4.0m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -1,040,098-1.0m
Bank of New York Mellon Corp Reduced -1,031,479-1.0m
ASSETMARK, INC Reduced -852,752-852.8k
Sumitomo Mitsui Trust Group, Inc. Reduced -544,326-544.3k
STIFEL FINANCIAL CORP Reduced -411,536-411.5k
Kestra Investment Management, LLC Reduced -373,225-373.2k
Rockefeller Capital Management L.P. Reduced -367,258-367.3k
CreativeOne Wealth, LLC Reduced -282,938-282.9k
Mitsubishi UFJ Trust & Banking Corp Reduced -266,160-266.2k

Biggest calls

CITADEL ADVISORS LLC Added $7.4m77.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m30.8k shares
JANE STREET GROUP, LLC New $2.0m21.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m11.0k shares
CITADEL ADVISORS LLC Added $951.5k10.0k shares
Meteora Capital, LLC New $812.5k250.0k 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.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.31% of their portfolio NEW YORK, NY 103,355,348103.4m $9.8bn $9.8bn 0.31% Added +52.9m +52,860,294
2 BANK OF AMERICA CORP /DE/ 0.51% of their portfolio CHARLOTTE, NC 71,895,72571.9m $6.8bn $6.8bn 0.51% Added +7.6m +7,566,099
3 ENVESTNET ASSET MANAGEMENT INC 0.75% of their portfolio Berwyn, PA 27,494,51927.5m $2.6bn $2.6bn 0.75% Added +727.1k +727,070
4 LPL Financial LLC 0.74% of their portfolio FORT MILL, SC 26,798,27426.8m $2.5bn $2.5bn 0.74% Added +1.4m +1,447,255
5 TIAA TRUST, NATIONAL ASSOCIATION 5.86% of their portfolio CHARLOTTE, NC 25,364,39625.4m $2.4bn $2.4bn 5.86% Added +1.4m +1,399,487
6 Fisher Asset Management, LLC 0.78% of their portfolio PLANO, TX 22,503,90022.5m $2.1bn $2.1bn 0.78% Added +1.2m +1,206,273
7 AMERIPRISE FINANCIAL INC 0.31% of their portfolio MINNEAPOLIS, MN 14,290,04414.3m $1.4bn $1.4bn 0.31% Added +284.5k +284,484
8 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 9,468,7339.5m $900.9m $900.9m 0.05% Added +278.5k +278,507
9 BARCLAYS PLC 0.27% of their portfolio LONDON, X0 7,632,7847.6m $726.3m $726.3m 0.27% Added +3.3m +3,322,737
10 RENAISSANCERE HOLDINGS LTD 49.46% of their portfolio PEMBROKE, D0 3,852,4313.9m $366.6m $366.6m 49.46% Added +997.0k +997,000
11 TRUIST FINANCIAL CORP 0.47% of their portfolio CHARLOTTE, NC 3,620,6673.6m $344.5m $344.5m 0.47% Reduced -28.2k -28,169
12 STIFEL FINANCIAL CORP 0.31% of their portfolio ST. LOUIS, MO 3,559,4603.6m $338.7m $338.7m 0.31% Reduced -411.5k -411,536
13 Allworth Financial LP 1.34% of their portfolio FOLSOM, CA 3,193,2163.2m $303.8m $303.8m 1.34% Added +91.9k +91,900
14 PNC Financial Services Group, Inc. 0.17% of their portfolio Pittsburgh, PA 2,884,1912.9m $274.4m $274.4m 0.17% Reduced -32.5k -32,532
15 MIDLAND WEALTH ADVISORS, LLC 13.51% of their portfolio EFFINGHAM, IL 2,654,4832.7m $252.6m $252.6m 13.51% Added +797.2k +797,198
16 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 2,543,6792.5m $242.0m $242.0m 0.05% Reduced -37.3k -37,308
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,379,8452.4m $226.4m $226.4m 0.00% Added +61.8k +61,805
18 State of Tennessee, Department of Treasury 0.74% of their portfolio NASHVILLE, TN 2,338,9002.3m $222.5m $222.5m 0.74% Added +69.5k +69,461
19 SEI INVESTMENTS CO 0.22% of their portfolio OAKS, PA 2,176,2542.2m $207.1m $207.1m 0.22% Added +240.8k +240,833
20 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 2,037,4552.0m $193.9m $193.9m 0.03% Reduced -1.0m -1,031,479
21 Cetera Investment Advisers 0.22% of their portfolio SCHAUMBURG, IL 2,019,9522.0m $192.2m $192.2m 0.22% Added +150.2k +150,165
22 CWM, LLC 0.54% of their portfolio OMAHA, NE 1,902,9031.9m $181.1m $181.1m 0.54% Reduced -34.9k -34,919
23 Envestnet Portfolio Solutions, Inc. 0.67% of their portfolio BERWYN, PA 1,896,4941.9m $180.5m $180.5m 0.67% Added +8.9k +8,869
24 MML INVESTORS SERVICES, LLC 0.47% of their portfolio SPRINGFIELD, MA 1,858,1261.9m $176.8m $176.8m 0.47% Reduced -51.4k -51,418
25 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,788,4971.8m $170.2m $170.2m 0.03% Reduced -4.0m -3,950,565
26 Composition Wealth, LLC 2.54% of their portfolio LOS ANGELES, CA 1,782,1861.8m $169.6m $169.6m 2.54% Reduced -63.8k -63,803
27 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,768,7401.8m $168.3m $168.3m 0.03% Added +52.6k +52,554
28 Dynasty Wealth Management, LLC 2.09% of their portfolio ST. PETERSBURG, FL 1,649,1461.6m $156.9m $156.9m 2.09% Added +160.9k +160,926
29 OneDigital Investment Advisors LLC 1.55% of their portfolio OVERLAND PARK, KS 1,583,8291.6m $150.7m $150.7m 1.55% Added +39.9k +39,920
30 Quotient Wealth Partners, LLC 4.10% of their portfolio DALLAS, TX 1,572,6151.6m $149.6m $149.6m 4.10% Added +80.0k +79,974
31 PRUDENTIAL FINANCIAL INC 0.17% of their portfolio NEWARK, NJ 1,475,7191.5m $140.4m $140.4m 0.17% Added +12.0k +12,000
32 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 1,422,9791.4m $135.4m $135.4m 0.06% Added +162.2k +162,150
33 BESSEMER GROUP INC 0.20% of their portfolio WOODBRIDGE, NJ 1,401,4141.4m $133.3m $133.3m 0.20% Added +1.1k +1,149
34 Mirae Asset Global Investments Co., Ltd. 0.41% of their portfolio SEOUL, M5 1,370,4211.4m $130.4m $130.4m 0.41% Reduced -3.4k -3,383
35 Bridgewater Associates, LP 0.51% of their portfolio Westport, CT 1,355,1001.4m $128.9m $128.9m 0.51% Reduced -105.1k -105,100
36 PARK AVENUE SECURITIES LLC 1.00% of their portfolio NEW YORK, NY 1,353,3221.4m $128.8m $128.8m 1.00% Added +25.5k +25,480
37 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 1,344,4901.3m $127.9m $127.9m 0.04% Reduced -204.0k -203,972
38 Janney Montgomery Scott LLC 0.29% of their portfolio PHILADELPHIA, PA 1,303,3711.3m $124.0m $124.0m 0.29% Added +80.3k +80,329
39 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.89% of their portfolio IRVING, TX 1,299,0501.3m $123.6m $123.6m 0.89% Added +22.1k +22,144
40 Blue Trust, Inc. 1.37% of their portfolio BRENTWOOD, TN 1,284,2721.3m $122.2m $122.2m 1.37% Added +41.2k +41,201
41 Merit Financial Group, LLC 1.04% of their portfolio ALPHARETTA, GA 1,184,0901.2m $112.7m $112.7m 1.04% Added +44.5k +44,468
42 HANCOCK WHITNEY CORP 2.00% of their portfolio GULFPORT, MS 1,154,4231.2m $109.8m $109.8m 2.00% Reduced -80.4k -80,388
43 Asset Management One Co., Ltd. 0.29% of their portfolio TOKYO, M0 1,048,2741.0m $99.7m $99.7m 0.29% Added +85.5k +85,476
44 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.53% of their portfolio MINNEAPOLIS, MN 1,015,5891.0m $96.6m $96.6m 1.53% Added +55.4k +55,394
45 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.23% of their portfolio Paris, I0 975,687975.7k $88.8m $88.8m 0.23% Unchanged
46 Annex Advisory Services, LLC 1.74% of their portfolio BROOKFIELD, WI 860,417860.4k $81.9m $81.9m 1.74% New
47 Sensible Financial Planning & Management, LLC. 13.76% of their portfolio WALTHAM, MA 796,082796.1k $75.7m $75.7m 13.76% Added +58.0k +57,954
48 EVOKE WEALTH, LLC 1.46% of their portfolio Los Angeles, CA 733,887733.9k $69.8m $69.8m 1.46% Added +29.5k +29,495
49 Avidian Wealth Enterprises, LLC 2.54% of their portfolio Houston, TX 709,399709.4k $67.5m $67.5m 2.54% Added +23.5k +23,459
50 NewEdge Advisors, LLC 0.30% of their portfolio NEW ORLEANS, LA 701,493701.5k $66.7m $66.7m 0.30% Added +51.7k +51,723
51 Mill Creek Capital Advisors, LLC 1.36% of their portfolio Conshohocken, PA 694,788694.8k $66.1m $66.1m 1.36% Added +37.5k +37,535
52 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 687,902687.9k $65.5m $65.5m 0.02% Added +12.0k +11,992
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 668,098668.1k $63.6m $63.6m 0.01% New
54 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 668,057668.1k $63.6m $63.6m 0.08% Added +26.4k +26,354
55 CIBC Asset Management Inc 0.18% of their portfolio TORONTO, Z4 662,680662.7k $63.1m $63.1m 0.18% Added +36.7k +36,711
56 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 661,076661.1k $62.9m $62.9m 0.08% Added +76.7k +76,683
57 NorthCoast Asset Management LLC 0.24% of their portfolio STAMFORD, CT 644,563644.6k $61.3m $61.3m 0.24% Reduced -58.6k -58,596
58 Willis Johnson & Associates, Inc. 3.72% of their portfolio Houston, TX 631,260631.3k $60.1m $60.1m 3.72% Added +51.5k +51,464
59 NOTTINGHAM ADVISORS, INC. 8.28% of their portfolio AMHERST, NY 626,574626.6k $59.6m $59.6m 8.28% Added +58.9k +58,873
60 Sanctuary Advisors, LLC 0.18% of their portfolio INDIANAPOLIS, IN 618,868618.9k $58.5m $58.5m 0.18% Added +306.2k +306,165
61 Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio CHIYODA-KU, TOKYO, M0 615,731615.7k $58.6m $58.6m 0.03% Reduced -544.3k -544,326
62 STATE OF MICHIGAN RETIREMENT SYSTEM 0.27% of their portfolio EAST LANSING, MI 600,000600.0k $57.1m $57.1m 0.27% Unchanged
63 ROCKLAND TRUST CO 2.33% of their portfolio HANOVER, MA 596,579596.6k $56.8m $56.8m 2.33% Reduced -5.0k -4,964
64 EXCHANGE TRADED CONCEPTS, LLC 0.54% of their portfolio Oklahoma City, OK 590,583590.6k $56.2m $56.2m 0.54% Added +202.9k +202,936
65 Hilton Capital Management, LLC 4.40% of their portfolio Garden City, NY 571,842571.8k $54.4m $54.4m 4.40% Added +265.8k +265,771
66 Kestra Investment Management, LLC 1.41% of their portfolio AUSTIN, TX 550,887550.9k $52.4m $52.4m 1.41% Reduced -373.2k -373,225
67 Lutz Financial Services LLC 3.71% of their portfolio OMAHA, NE 538,957539.0k $51.3m $51.3m 3.71% Added +48.5k +48,542
68 AE Wealth Management LLC 0.33% of their portfolio TOPEKA, KS 536,585536.6k $51.1m $51.1m 0.33% Added +65.9k +65,857
69 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 525,828525.8k $50.0m $50.0m 0.07% Reduced -43 -43
70 DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. 20.05% of their portfolio Singapore, U0 523,700523.7k $49.8m $49.8m 20.05% New
71 Korea Investment CORP 0.10% of their portfolio SEOUL, M5 500,000500.0k $47.6m $47.6m 0.10% Unchanged
72 Constellation Investments, Inc. 2.20% of their portfolio MONTGOMERY, OH 495,924495.9k $47.2m $47.2m 2.20% Reduced -52.1k -52,076
73 Stockman Wealth Management, Inc. 5.83% of their portfolio BILLINGS, MT 493,525493.5k $47.0m $47.0m 5.83% Added +69.6k +69,649
74 SkyView Investment Advisors, LLC 5.91% of their portfolio SHREWSBURY, NJ 492,229492.2k $46.8m $46.8m 5.91% Added +2.8k +2,816
75 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 461,434461.4k $43.9m $43.9m 0.05% Reduced -1.5k -1,463
76 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 459,792459.8k $43.7m $43.7m 0.07% Added +20.5k +20,518
77 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 455,738455.7k $43.4m $43.4m 0.09% Added +322.1k +322,061
78 State of New Jersey Common Pension Fund D 0.16% of their portfolio TRENTON, NJ 450,000450.0k $42.8m $42.8m 0.16% Reduced -100.0k -100,000
79 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.73% of their portfolio TOKYO, M0 440,388440.4k $41.9m $41.9m 0.73% Added +6.4k +6,440
80 Foundations Investment Advisors, LLC 0.58% of their portfolio PHOENIX, AZ 422,372422.4k $40.2m $40.2m 0.58% Reduced -26.8k -26,832
81 Strategic Wealth Partners, Ltd. 2.97% of their portfolio INDEPENDENCE, OH 417,724417.7k $39.7m $39.7m 2.97% Added +20.3k +20,332
82 Ocean Park Asset Management, LLC 1.63% of their portfolio SANTA MONICA, CA 416,463416.5k $39.6m $39.6m 1.63% Added +403.3k +403,274
83 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 403,445403.4k $38.4m $38.4m 0.00% Added +4.6k +4,581
84 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 401,074401.1k $38.2m $38.2m 0.01% Added +30.7k +30,719
85 CONNING INC. 1.23% of their portfolio HARTFORD, CT 387,672387.7k $36.9m $36.9m 1.23% Unchanged
86 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 383,424383.4k $36.5m $36.5m 0.10% Reduced -5.9k -5,859
87 Cerity Partners OCIO LLC 1.82% of their portfolio New York, NY 375,228375.2k $35.7m $35.7m 1.82% Added +53.7k +53,661
88 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.50% of their portfolio ST. LOUIS, MO 366,497366.5k $34.9m $34.9m 0.50% Added +78.1k +78,136
89 Dakota Wealth Management 0.70% of their portfolio PALM BEACH GARDENS, FL 363,649363.6k $34.6m $34.6m 0.70% Added +62.9k +62,909
90 ST GERMAIN D J CO INC 1.37% of their portfolio SPRINGFIELD, MA 359,376359.4k $34.2m $34.2m 1.37% Added +13.0k +12,992
91 FMR LLC 0.00% of their portfolio BOSTON, MA 354,121354.1k $33.7m $33.7m 0.00% Reduced -12.9k -12,856
92 Parkside Investments, LLC 4.12% of their portfolio DEERFIELD, IL 346,303346.3k $33.0m $33.0m 4.12% Added +97.9k +97,942
93 Bangor Savings Bank 2.73% of their portfolio BANGOR, ME 344,037344.0k $32.7m $32.7m 2.73% Added +13.2k +13,247
94 Zurich Insurance Group Ltd/FI 0.23% of their portfolio ZURICH, V8 338,060338.1k $32.2m $32.2m 0.23% Unchanged
95 Integrated Wealth Concepts LLC 0.28% of their portfolio WALTHAM, MA 333,139333.1k $31.7m $31.7m 0.28% Added +25.5k +25,541
96 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 330,218330.2k $31.4m $31.4m 0.01% Added +9.4k +9,419
97 MANNING & NAPIER ADVISORS LLC 0.40% of their portfolio Fairport, NY 328,643328.6k $31.3m $31.3m 0.40% Reduced -22.0k -21,994
98 Clearwater Capital Advisors, LLC 2.61% of their portfolio HOFFMAN ESTATES, IL 321,673321.7k $30.6m $30.6m 2.61% Added +21.8k +21,828
99 ALLSTATE CORP 0.69% of their portfolio NORTHBROOK, IL 317,413317.4k $30.2m $30.2m 0.69% Added +100.7k +100,744
100 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 313,788313.8k $29.9m $29.9m 0.05% Added +30.9k +30,913