Vault-13

ISHARES TR MBB

MBS ETF · ETP · CUSIP 464288588

1,024 institutional holders +89 vs Q3 2025
344,996,238345.0m shares reported held*
$32.9bnreported value*
92 new 475 added 284 reduced 60 sold out net sold ≈ $8.4bn (-87.1m 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 ($214.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $95.25. Options: 2 managers hold calls ($4.4m notional), 2 hold puts ($2.6m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 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: 935Q4 25: 1,0241,024Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,024

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 464 bought or addedQ1 24: 369 cut or sold outQ2 24: 447 bought or addedQ2 24: 371 cut or sold outQ2 24Q3 24: 510 bought or addedQ3 24: 329 cut or sold outQ4 24: 492 bought or addedQ4 24: 370 cut or sold outQ4 24Q1 25: 425 bought or addedQ1 25: 481 cut or sold outQ2 25: 493 bought or addedQ2 25: 399 cut or sold outQ2 25Q3 25: 527 bought or addedQ3 25: 370 cut or sold outQ4 25: 567 bought or addedQ4 25: 344 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024464369
Q2 2024447371
Q3 2024510329
Q4 2024492370
Q1 2025425481
Q2 2025493399
Q3 2025527370
Q4 2025567344

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 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 0.23Q4 25 calls: $4.4mQ4 25 puts: $2.6mQ4 25P/C 0.60
Numbers
QuarterCallsPutsP/C
Q1 2025$57.7m$4.4m0.08
Q2 2025$9.2m$1.6m0.18
Q3 2025$12.3m$2.8m0.23
Q4 2025$4.4m$2.6m0.60

Biggest buyers

BANK OF MONTREAL /CAN/ Added +1,460,545+1.5m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +1,443,343+1.4m
LPL Financial LLC Added +1,104,895+1.1m
Beacon Pointe Advisors, LLC Added +801,103+801.1k
TIAA TRUST, NATIONAL ASSOCIATION Added +646,390+646.4k
MORGAN STANLEY Added +383,629+383.6k
AMERIPRISE FINANCIAL INC Added +362,559+362.6k
Corient Private Wealth LP Added +353,674+353.7k
NAN FUNG TRINITY (HK) LTD New +349,200+349.2k
TRUIST FINANCIAL CORP Added +316,717+316.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -68,264,989-68.3m
Fisher Asset Management, LLC Reduced -21,448,046-21.4m
BARCLAYS PLC Reduced -3,239,354-3.2m
PRUDENTIAL FINANCIAL INC Reduced -1,462,000-1.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,435,887-1.4m
BANK OF AMERICA CORP /DE/ Reduced -845,665-845.7k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -668,098-668.1k
ROYAL BANK OF CANADA Reduced -403,256-403.3k
Cerity Partners OCIO LLC Sold out -375,228-375.2k
Sanctuary Advisors, LLC Reduced -304,022-304.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.6m37.3k shares
JANE STREET GROUP, LLC Reduced $847.5k8.9k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.9m20.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $723.7k7.6k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.49% of their portfolio CHARLOTTE, NC 71,050,06071.1m $6.8bn $6.8bn 0.49% Reduced -845.7k -845,665
2 JPMORGAN CHASE & CO 0.22% of their portfolio NEW YORK, NY 35,090,35935.1m $3.3bn $3.3bn 0.22% Reduced -68.3m -68,264,989
3 LPL Financial LLC 0.73% of their portfolio FORT MILL, SC 27,903,16927.9m $2.7bn $2.7bn 0.73% Added +1.1m +1,104,895
4 ENVESTNET ASSET MANAGEMENT INC 0.74% of their portfolio Berwyn, PA 26,058,63226.1m $2.5bn $2.5bn 0.74% Reduced -1.4m -1,435,887
5 TIAA TRUST, NATIONAL ASSOCIATION 5.94% of their portfolio CHARLOTTE, NC 26,010,78626.0m $2.5bn $2.5bn 5.94% Added +646.4k +646,390
6 AMERIPRISE FINANCIAL INC 0.32% of their portfolio MINNEAPOLIS, MN 14,652,60314.7m $1.4bn $1.4bn 0.32% Added +362.6k +362,559
7 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 9,852,3629.9m $938.1m $938.1m 0.06% Added +383.6k +383,629
8 BARCLAYS PLC 0.17% of their portfolio LONDON, X0 4,393,4304.4m $418.3m $418.3m 0.17% Reduced -3.2m -3,239,354
9 TRUIST FINANCIAL CORP 0.50% of their portfolio CHARLOTTE, NC 3,937,3843.9m $374.9m $374.9m 0.50% Added +316.7k +316,717
10 RENAISSANCERE HOLDINGS LTD 49.29% of their portfolio PEMBROKE, D0 3,852,4313.9m $366.8m $366.8m 49.29% Unchanged
11 STIFEL FINANCIAL CORP 0.32% of their portfolio ST. LOUIS, MO 3,699,3213.7m $352.2m $352.2m 0.32% Added +139.9k +139,861
12 Allworth Financial LP 1.29% of their portfolio FOLSOM, CA 3,291,6953.3m $313.4m $313.4m 1.29% Added +98.5k +98,479
13 PNC Financial Services Group, Inc. 0.16% of their portfolio Pittsburgh, PA 3,000,3263.0m $285.7m $285.7m 0.16% Added +116.1k +116,135
14 BANK OF MONTREAL /CAN/ 0.11% of their portfolio TORONTO, A6 2,883,5242.9m $274.6m $274.6m 0.11% Added +1.5m +1,460,545
15 MIDLAND WEALTH ADVISORS, LLC 13.70% of their portfolio EFFINGHAM, IL 2,764,7052.8m $263.3m $263.3m 13.70% Added +110.2k +110,222
16 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 2,716,6652.7m $258.7m $258.7m 0.05% Added +173.0k +172,986
17 State of Tennessee, Department of Treasury 0.76% of their portfolio NASHVILLE, TN 2,486,8722.5m $238.0m $238.0m 0.76% Added +148.0k +147,972
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,250,6072.3m $214.3m $214.3m 0.00% Reduced -129.2k -129,238
19 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 2,113,3712.1m $201.2m $201.2m 0.04% Added +75.9k +75,916
20 SEI INVESTMENTS CO 0.20% of their portfolio OAKS, PA 2,086,0862.1m $198.6m $198.6m 0.20% Reduced -90.2k -90,168
21 Envestnet Portfolio Solutions, Inc. 0.67% of their portfolio BERWYN, PA 2,003,3072.0m $190.8m $190.8m 0.67% Added +106.8k +106,813
22 Cetera Investment Advisers 0.21% of their portfolio SCHAUMBURG, IL 1,981,4272.0m $188.7m $188.7m 0.21% Reduced -38.5k -38,525
23 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,935,1671.9m $184.3m $184.3m 0.04% Added +166.4k +166,427
24 CWM, LLC 0.49% of their portfolio OMAHA, NE 1,910,1101.9m $181.9m $181.9m 0.49% Added +7.2k +7,207
25 Composition Wealth, LLC 2.45% of their portfolio LOS ANGELES, CA 1,796,0511.8m $171.0m $171.0m 2.45% Added +13.9k +13,865
26 MML INVESTORS SERVICES, LLC 0.41% of their portfolio SPRINGFIELD, MA 1,746,5731.7m $166.3m $166.3m 0.41% Reduced -111.6k -111,553
27 OneDigital Investment Advisors LLC 1.53% of their portfolio OVERLAND PARK, KS 1,635,7741.6m $155.8m $155.8m 1.53% Added +51.9k +51,945
28 Mirae Asset Global Investments Co., Ltd. 0.41% of their portfolio SEOUL, M5 1,538,5351.5m $146.5m $146.5m 0.41% Added +168.1k +168,114
29 BESSEMER GROUP INC 0.22% of their portfolio WOODBRIDGE, NJ 1,498,8031.5m $142.7m $142.7m 0.22% Added +97.4k +97,389
30 Dynasty Wealth Management, LLC 1.36% of their portfolio ST. PETERSBURG, FL 1,457,0761.5m $138.7m $138.7m 1.36% Reduced -192.1k -192,070
31 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 1,443,3431.4m $137.4m $137.4m 0.03% New
32 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 1,421,4091.4m $135.3m $135.3m 0.04% Added +76.9k +76,919
33 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,385,2411.4m $131.9m $131.9m 0.02% Reduced -403.3k -403,256
34 Bridgewater Associates, LP 0.48% of their portfolio Westport, CT 1,375,4001.4m $131.0m $131.0m 0.48% Added +20.3k +20,300
35 Quotient Wealth Partners, LLC 3.48% of their portfolio DALLAS, TX 1,374,2991.4m $130.9m $130.9m 3.48% Reduced -198.3k -198,316
36 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.78% of their portfolio IRVING, TX 1,355,6961.4m $129.1m $129.1m 0.78% Added +56.6k +56,646
37 Janney Montgomery Scott LLC 0.29% of their portfolio PHILADELPHIA, PA 1,348,8031.3m $128.4m $128.4m 0.29% Added +45.4k +45,432
38 PARK AVENUE SECURITIES LLC 1.07% of their portfolio NEW YORK, NY 1,323,6311.3m $126.0m $126.0m 1.07% Reduced -29.7k -29,691
39 Blue Trust, Inc. 1.40% of their portfolio BRENTWOOD, TN 1,305,0731.3m $124.3m $124.3m 1.40% Added +20.8k +20,801
40 Merit Financial Group, LLC 0.97% of their portfolio ALPHARETTA, GA 1,271,0851.3m $121.0m $121.0m 0.97% Added +87.0k +86,995
41 HANCOCK WHITNEY CORP 1.96% of their portfolio GULFPORT, MS 1,139,9301.1m $108.5m $108.5m 1.96% Reduced -14.5k -14,493
42 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.53% of their portfolio MINNEAPOLIS, MN 1,064,6041.1m $101.4m $101.4m 1.53% Added +49.0k +49,015
43 Fisher Asset Management, LLC 0.03% of their portfolio PLANO, TX 1,055,8541.1m $100.5m $100.5m 0.03% Reduced -21.4m -21,448,046
44 Asset Management One Co., Ltd. 0.27% of their portfolio TOKYO, M0 1,013,1561.0m $96.7m $96.7m 0.27% Reduced -35.1k -35,118
45 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% of their portfolio Paris, I0 932,987933.0k $88.8m $88.8m 0.10% Reduced -42.7k -42,700
46 Annex Advisory Services, LLC 1.64% of their portfolio BROOKFIELD, WI 903,008903.0k $86.0m $86.0m 1.64% Added +42.6k +42,591
47 Beacon Pointe Advisors, LLC 0.57% of their portfolio NEWPORT BEACH, CA 851,186851.2k $81.0m $81.0m 0.57% Added +801.1k +801,103
48 EVOKE WEALTH, LLC 1.53% of their portfolio Los Angeles, CA 836,786836.8k $79.7m $79.7m 1.53% Added +102.9k +102,899
49 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 813,466813.5k $68.1m $68.1m 0.05% Added +353.7k +353,674
50 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 768,215768.2k $73.1m $73.1m 0.02% Added +80.3k +80,313
51 NewEdge Advisors, LLC 0.26% of their portfolio NEW ORLEANS, LA 766,038766.0k $72.9m $72.9m 0.26% Added +64.5k +64,545
52 Mill Creek Capital Advisors, LLC 1.45% of their portfolio Conshohocken, PA 746,585746.6k $71.1m $71.1m 1.45% Added +51.8k +51,797
53 Avidian Wealth Enterprises, LLC 2.58% of their portfolio Houston, TX 743,187743.2k $70.8m $70.8m 2.58% Added +33.8k +33,788
54 Allianz Asset Management GmbH 0.08% of their portfolio MUNICH, 2M 708,348708.3k $67.4m $67.4m 0.08% Added +47.3k +47,272
55 EXCHANGE TRADED CONCEPTS, LLC 0.55% of their portfolio Oklahoma City, OK 688,174688.2k $65.5m $65.5m 0.55% Added +97.6k +97,591
56 NOTTINGHAM ADVISORS, INC. 9.04% of their portfolio AMHERST, NY 680,370680.4k $64.8m $64.8m 9.04% Added +53.8k +53,796
57 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 675,765675.8k $64.3m $64.3m 0.09% Added +7.7k +7,708
58 CIBC Asset Management Inc 0.15% of their portfolio TORONTO, Z4 649,680649.7k $61.9m $61.9m 0.15% Reduced -13.0k -13,000
59 NorthCoast Asset Management LLC 1.36% of their portfolio STAMFORD, CT 646,897646.9k $61.6m $61.6m 1.36% Added +2.3k +2,334
60 Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio CHIYODA-KU, TOKYO, M0 638,653638.7k $60.8m $60.8m 0.04% Added +22.9k +22,922
61 Willis Johnson & Associates, Inc. 3.56% of their portfolio Houston, TX 605,432605.4k $57.6m $57.6m 3.56% Reduced -25.8k -25,828
62 STATE OF MICHIGAN RETIREMENT SYSTEM 0.28% of their portfolio EAST LANSING, MI 600,000600.0k $57.1m $57.1m 0.28% Unchanged
63 Lutz Financial Services LLC 3.87% of their portfolio OMAHA, NE 597,581597.6k $56.9m $56.9m 3.87% Added +58.6k +58,624
64 Kestra Investment Management, LLC 1.38% of their portfolio AUSTIN, TX 593,590593.6k $56.5m $56.5m 1.38% Added +42.7k +42,703
65 ROCKLAND TRUST CO 2.21% of their portfolio HANOVER, MA 590,514590.5k $56.2m $56.2m 2.21% Reduced -6.1k -6,065
66 Hilton Capital Management, LLC 4.13% of their portfolio Garden City, NY 576,585576.6k $54.9m $54.9m 4.13% Added +4.7k +4,743
67 AE Wealth Management LLC 0.31% of their portfolio TOPEKA, KS 572,311572.3k $54.5m $54.5m 0.31% Added +35.7k +35,726
68 Stockman Wealth Management, Inc. 6.10% of their portfolio BILLINGS, MT 549,731549.7k $52.3m $52.3m 6.10% Added +56.2k +56,206
69 Dakota Wealth Management 0.92% of their portfolio PALM BEACH GARDENS, FL 546,355546.4k $52.0m $52.0m 0.92% Added +182.7k +182,706
70 DYMON ASIA CAPITAL (SINGAPORE) PTE. LTD. 11.06% of their portfolio Singapore, U0 523,700523.7k $49.9m $49.9m 11.06% Unchanged
71 SkyView Investment Advisors, LLC 6.12% of their portfolio SHREWSBURY, NJ 508,800508.8k $48.4m $48.4m 6.12% Added +16.6k +16,571
72 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 500,993501.0k $47.7m $47.7m 0.06% Added +39.6k +39,559
73 Korea Investment CORP 0.09% of their portfolio SEOUL, M5 500,000500.0k $47.6m $47.6m 0.09% Unchanged
74 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 496,927496.9k $47.4m $47.4m 0.07% Reduced -28.9k -28,901
75 Constellation Investments, Inc. 1.46% of their portfolio MONTGOMERY, OH 495,924495.9k $47.2m $47.2m 1.46% Unchanged
76 Strategic Wealth Partners, Ltd. 3.05% of their portfolio INDEPENDENCE, OH 466,791466.8k $44.4m $44.4m 3.05% Added +49.1k +49,067
77 NorthRock Partners, LLC 0.73% of their portfolio MINNEAPOLIS, MN 455,861455.9k $43.4m $43.4m 0.73% Added +150.7k +150,656
78 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.76% of their portfolio TOKYO, M0 453,542453.5k $43.2m $43.2m 0.76% Added +13.2k +13,154
79 State of New Jersey Common Pension Fund D 0.15% of their portfolio TRENTON, NJ 450,000450.0k $42.8m $42.8m 0.15% Unchanged
80 Foundations Investment Advisors, LLC 0.56% of their portfolio PHOENIX, AZ 449,470449.5k $42.8m $42.8m 0.56% Added +27.1k +27,098
81 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 448,655448.7k $42.8m $42.8m 0.08% Reduced -7.1k -7,083
82 Ocean Park Asset Management, LLC 1.90% of their portfolio SANTA MONICA, CA 424,335424.3k $40.4m $40.4m 1.90% Added +7.9k +7,872
83 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 408,459408.5k $38.9m $38.9m 0.10% Added +25.0k +25,035
84 ST GERMAIN D J CO INC 1.46% of their portfolio SPRINGFIELD, MA 393,474393.5k $37.5m $37.5m 1.46% Added +34.1k +34,098
85 CONNING INC. 1.24% of their portfolio HARTFORD, CT 387,672387.7k $36.9m $36.9m 1.24% Unchanged
86 Bangor Savings Bank 2.90% of their portfolio BANGOR, ME 378,823378.8k $36.1m $36.1m 2.90% Added +34.8k +34,786
87 FMR LLC 0.00% of their portfolio BOSTON, MA 351,630351.6k $33.5m $33.5m 0.00% Reduced -2.5k -2,491
88 NAN FUNG TRINITY (HK) LTD 2.63% of their portfolio CENTRAL, HONG KONG, K3 349,200349.2k $33.3m $33.3m 2.63% New
89 Parkside Investments, LLC 4.13% of their portfolio DEERFIELD, IL 344,813344.8k $32.8m $32.8m 4.13% Reduced -1.5k -1,490
90 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.49% of their portfolio ST. LOUIS, MO 344,690344.7k $32.8m $32.8m 0.49% Reduced -21.8k -21,807
91 Zurich Insurance Group Ltd/FI 0.22% of their portfolio ZURICH, V8 338,060338.1k $32.2m $32.2m 0.22% Unchanged
92 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 337,725337.7k $32.2m $32.2m 0.01% Added +7.5k +7,507
93 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 336,828336.8k $32.1m $32.1m 0.05% Added +23.0k +23,040
94 CABOT WEALTH MANAGEMENT INC 3.53% of their portfolio BEVERLY, MA 335,234335.2k $31.9m $31.9m 3.53% Added +30.9k +30,917
95 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 333,806333.8k $31.8m $31.8m 0.00% Reduced -67.3k -67,268
96 JB Capital LLC 1.24% of their portfolio WETHERSFIELD, CT 318,485318.5k $30.3m $30.3m 1.24% Added +10.2k +10,181
97 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 316,164316.2k $30.1m $30.1m 0.05% Added +11.5k +11,544
98 Sanctuary Advisors, LLC 0.16% of their portfolio INDIANAPOLIS, IN 314,846314.8k $30.0m $30.0m 0.16% Reduced -304.0k -304,022
99 Clearwater Capital Advisors, LLC 2.47% of their portfolio HOFFMAN ESTATES, IL 311,265311.3k $29.6m $29.6m 2.47% Reduced -10.4k -10,408
100 Brookstone Capital Management 0.34% of their portfolio WHEATON, IL 308,428308.4k $29.4m $29.4m 0.34% Added +9.5k +9,547