Vault-13

ISHARES TR USIG

USD INV GRDE ETF · ETP · CUSIP 464288620

407 institutional holders -20 vs Q1 2025
194,879,795194.9m shares reported held*
$10.0bnreported value*
45 new 179 added 105 reduced 67 sold out net bought ≈ $1.1bn (+21.1m 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 ($475.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $51.40. Options: 1 managers hold calls ($406.4k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 267Q4 22: 291Q1 23: 313Q2 23: 332Q3 23: 340Q4 23: 384Q1 24: 378Q2 24: 400Q3 24: 401Q4 24: 440Q1 25: 427Q2 25: 407407Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022267
Q4 2022291
Q1 2023313
Q2 2023332
Q3 2023340
Q4 2023384
Q1 2024378
Q2 2024400
Q3 2024401
Q4 2024440
Q1 2025427
Q2 2025407

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 186 bought or addedQ3 23: 123 cut or sold outQ4 23: 179 bought or addedQ4 23: 157 cut or sold outQ4 23Q1 24: 198 bought or addedQ1 24: 163 cut or sold outQ2 24: 216 bought or addedQ2 24: 153 cut or sold outQ2 24Q3 24: 196 bought or addedQ3 24: 170 cut or sold outQ4 24: 207 bought or addedQ4 24: 143 cut or sold outQ4 24Q1 25: 215 bought or addedQ1 25: 182 cut or sold outQ2 25: 224 bought or addedQ2 25: 172 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023186123
Q4 2023179157
Q1 2024198163
Q2 2024216153
Q3 2024196170
Q4 2024207143
Q1 2025215182
Q2 2025224172

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 24 calls: $1.1mQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $1.1mQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $408.6kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $406.4kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$1.1m$00.00
Q4 2024$1.1m$00.00
Q1 2025$408.6k$00.00
Q2 2025$406.4k$00.00

Biggest buyers

TIAA TRUST, NATIONAL ASSOCIATION Added +17,621,424+17.6m
AMERIPRISE FINANCIAL INC Added +1,735,043+1.7m
ENVESTNET ASSET MANAGEMENT INC Added +1,418,849+1.4m
TRUIST FINANCIAL CORP Added +1,405,516+1.4m
BlackRock, Inc. Added +1,346,127+1.3m
BANK OF AMERICA CORP /DE/ Added +962,124+962.1k
Empower Advisory Group, LLC Added +821,669+821.7k
SEI INVESTMENTS CO Added +818,864+818.9k
FRANKLIN RESOURCES INC Added +415,425+415.4k
OSAIC HOLDINGS, INC. Added +358,855+358.9k

Biggest sellers

UBS Group AG Reduced -2,665,974-2.7m
MATHER GROUP, LLC. Reduced -1,355,875-1.4m
Japan Science & Technology Agency Reduced -778,000-778.0k
AE Wealth Management LLC Reduced -733,178-733.2k
MORGAN STANLEY Reduced -341,565-341.6k
Banco Santander, S.A. Reduced -256,161-256.2k
Saiph Capital, LLC Reduced -241,297-241.3k
One Capital Management, LLC Sold out -213,632-213.6k
Kingdom Financial Group LLC. Sold out -193,777-193.8k
GOLDMAN SACHS GROUP INC Reduced -179,408-179.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $406.4k7.9k shares

Biggest puts

None

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.18% of their portfolio CHARLOTTE, NC 43,524,25843.5m $2.2bn $2.2bn 0.18% Added +962.1k +962,124
2 TIAA TRUST, NATIONAL ASSOCIATION 3.10% of their portfolio CHARLOTTE, NC 23,177,95023.2m $1.2bn $1.2bn 3.10% Added +17.6m +17,621,424
3 Empower Advisory Group, LLC 2.54% of their portfolio Greenwood Village, CO 16,517,71316.5m $849.7m $849.7m 2.54% Added +821.7k +821,669
4 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 9,978,17610.0m $509.9m $509.9m 0.13% Added +1.7m +1,735,043
5 TRUIST FINANCIAL CORP 0.69% of their portfolio CHARLOTTE, NC 9,078,8759.1m $467.0m $467.0m 0.69% Added +1.4m +1,405,516
6 ASSETMARK, INC 0.88% of their portfolio CONCORD, CA 7,219,1177.2m $371.4m $371.4m 0.88% Added +64.6k +64,606
7 BlackRock, Inc. 0.01% of their portfolio New York, NY 7,045,6047.0m $362.4m $362.4m 0.01% Added +1.3m +1,346,127
8 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 6,959,4657.0m $358.0m $358.0m 0.10% Added +1.4m +1,418,849
9 Allworth Financial LP 1.35% of their portfolio FOLSOM, CA 5,458,6195.5m $280.8m $280.8m 1.35% Added +93.9k +93,891
10 FRANKLIN RESOURCES INC 0.07% of their portfolio San Mateo, CA 4,985,7505.0m $256.5m $256.5m 0.07% Added +415.4k +415,425
11 STIFEL FINANCIAL CORP 0.22% of their portfolio ST. LOUIS, MO 4,467,9244.5m $229.8m $229.8m 0.22% Added +45.5k +45,458
12 Japan Science & Technology Agency 3.10% of their portfolio TOKYO, M0 3,800,0003.8m $195.5m $195.5m 3.10% Reduced -778.0k -778,000
13 UBS Group AG 0.04% of their portfolio ZURICH, V8 3,740,9043.7m $192.4m $192.4m 0.04% Reduced -2.7m -2,665,974
14 1832 Asset Management L.P. 0.32% of their portfolio TORONTO, A6 3,580,3243.6m $184.2m $184.2m 0.32% Added +131.4k +131,444
15 SEI INVESTMENTS CO 0.18% of their portfolio OAKS, PA 3,012,3433.0m $155.0m $155.0m 0.18% Added +818.9k +818,864
16 Valmark Advisers, Inc. 1.99% of their portfolio AKRON, OH 2,779,4552.8m $143.0m $143.0m 1.99% Added +89.0k +89,026
17 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,519,4362.5m $129.6m $129.6m 0.01% Reduced -341.6k -341,565
18 Asset Management One Co., Ltd. 0.36% of their portfolio TOKYO, M0 2,214,0302.2m $113.9m $113.9m 0.36% Reduced -59.4k -59,446
19 Kestra Investment Management, LLC 1.24% of their portfolio AUSTIN, TX 1,572,3731.6m $80.6m $80.6m 1.24% Added +61.9k +61,931
20 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,557,6531.6m $80.1m $80.1m 0.03% Added +227.9k +227,939
21 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,478,7901.5m $76.1m $76.1m 0.01% Added +2.7k +2,686
22 Sensible Financial Planning & Management, LLC. 13.60% of their portfolio WALTHAM, MA 1,392,4261.4m $71.6m $71.6m 13.60% Reduced -28.3k -28,308
23 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,376,5441.4m $70.8m $70.8m 0.00% Added +34.1k +34,085
24 Avidian Wealth Enterprises, LLC 2.85% of their portfolio Houston, TX 1,360,3961.4m $70.0m $70.0m 2.85% Added +86.7k +86,746
25 Merit Financial Group, LLC 0.69% of their portfolio ALPHARETTA, GA 1,202,6371.2m $61.9m $61.9m 0.69% Added +50.7k +50,749
26 Trilogy Capital Inc. 2.88% of their portfolio IRVINE, CA 1,150,2081.2m $59.2m $59.2m 2.88% Added +51.1k +51,073
27 Long Run Wealth Advisors, LLC 11.53% of their portfolio Lake Placid, NY 1,068,8991.1m $55.0m $55.0m 11.53% Added +36.4k +36,445
28 Voya Financial Advisors, Inc. 4.41% of their portfolio WINDSOR, CT 853,581853.6k $43.7m $43.7m 4.41% Reduced -82.0k -81,956
29 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 824,852824.9k $42.4m $42.4m 0.07% Added +25.7k +25,699
30 Mirae Asset Global Investments Co., Ltd. 0.14% of their portfolio SEOUL, M5 762,635762.6k $39.2m $39.2m 0.14% Reduced -104.1k -104,106
31 Americana Partners, LLC 1.34% of their portfolio Houston, TX 755,652755.7k $38.9m $38.9m 1.34% Added +17.3k +17,331
32 New Jersey Better Educational Savings Trust 92.32% of their portfolio TRENTON, NJ 698,945698.9k $36.0m $36.0m 92.32% Unchanged
33 MCF Advisors LLC 2.30% of their portfolio LEXINGTON, KY 676,819676.8k $34.8m $34.8m 2.30% Reduced -43.1k -43,123
34 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 671,205671.2k $34.5m $34.5m 0.01% Added +243.2k +243,199
35 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 626,845626.8k $32.2m $32.2m 0.01% Reduced -81.2k -81,237
36 FULTON BREAKEFIELD BROENNIMAN LLC 2.17% of their portfolio Bethesda, MD 624,813624.8k $32.1m $32.1m 2.17% Reduced -7.4k -7,433
37 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 539,087539.1k $27.7m $27.7m 0.06% Added +13.5k +13,481
38 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 531,091531.1k $27.2m $27.2m 0.05% Added +358.9k +358,855
39 Crestwood Advisors Group, LLC 0.42% of their portfolio BOSTON, MA 455,275455.3k $23.4m $23.4m 0.42% Added +18.6k +18,599
40 Santa Clara Valley Transportation Authority 21.56% of their portfolio SAN JOSE, CA 441,930441.9k $22.7m $22.7m 21.56% Unchanged
41 MANNING & NAPIER ADVISORS LLC 0.26% of their portfolio Fairport, NY 428,414428.4k $22.0m $22.0m 0.26% Reduced -709 -709
42 OneDigital Investment Advisors LLC 0.23% of their portfolio OVERLAND PARK, KS 410,982411.0k $21.1m $21.1m 0.23% Added +60.9k +60,936
43 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 395,916395.9k $20.4m $20.4m 0.00% Added +191.1k +191,144
44 ST GERMAIN D J CO INC 0.86% of their portfolio SPRINGFIELD, MA 385,500385.5k $19.8m $19.8m 0.86% Added +46.2k +46,191
45 SECURIAN ASSET MANAGEMENT, INC 0.53% of their portfolio ST PAUL, MN 360,017360.0k $18.5m $18.5m 0.53% Unchanged
46 Blue Edge Capital, LLC 2.71% of their portfolio RICHMOND, VA 354,006354.0k $18.2m $18.2m 2.71% Reduced -8.6k -8,630
47 McKinley Carter Wealth Services, Inc. 0.91% of their portfolio WHEELING, WV 317,283317.3k $16.3m $16.3m 0.91% Added +8.2k +8,166
48 Cosner Financial Group, LLC 8.98% of their portfolio WINDSOR, CO 313,541313.5k $16.1m $16.1m 8.98% Added +19.4k +19,424
49 Pallas Capital Advisors LLC 0.61% of their portfolio BRAINTREE, MA 310,087310.1k $16.0m $16.0m 0.61% Added +40.3k +40,290
50 Advisors Capital Management, LLC 0.21% of their portfolio RIDGEWOOD, NJ 300,511300.5k $15.5m $15.5m 0.21% Added +44.4k +44,427
51 Modern Wealth Management, LLC 0.37% of their portfolio KANSAS CITY, MO 295,893295.9k $15.2m $15.2m 0.37% Added +149.4k +149,442
52 Shelter Mutual Insurance Co 3.43% of their portfolio COLUMBIA, MO 287,810287.8k $14.8m $14.8m 3.43% Added +3.0k +3,000
53 Diversify Advisory Services, LLC 0.56% of their portfolio SANDY, UT 281,756281.8k $14.5m $14.5m 0.56% Added +169.7k +169,687
54 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.20% of their portfolio CINCINNATI, OH 276,349276.3k $14.2m $14.2m 0.20% Added +28.4k +28,389
55 New York Life Investment Management LLC 0.13% of their portfolio New York, NY 266,028266.0k $13.7m $13.7m 0.13% Added +25.5k +25,491
56 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 252,553252.6k $13.0m $13.0m 0.10% Added +10.5k +10,469
57 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 249,127249.1k $12.8m $12.8m 0.01% Added +6.3k +6,254
58 Destination Wealth Management 0.37% of their portfolio Walnut Creek, CA 247,122247.1k $12.7m $12.7m 0.37% Added +5.0k +5,031
59 Robertson Stephens Wealth Management, LLC 0.43% of their portfolio San Francisco, CA 240,233240.2k $12.4m $12.4m 0.43% Reduced -26.1k -26,066
60 Premier Path Wealth Partners, LLC 1.58% of their portfolio MADISON, NJ 221,033221.0k $11.4m $11.4m 1.58% Added +8.5k +8,463
61 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 218,000218.0k $11.2m $11.2m 0.01% Added +152.0k +152,033
62 Westover Capital Advisors, LLC 2.15% of their portfolio WILMINGTON, DE 209,536209.5k $10.8m $10.8m 2.15% Reduced -4.9k -4,925
63 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 202,614202.6k $10.4m $10.4m 0.00% Reduced -179.4k -179,408
64 Glassy Mountain Advisors, Inc. 3.19% of their portfolio BETHESDA, MD 192,807192.8k $9.9m $9.9m 3.19% Added +2.1k +2,052
65 Simplicity Wealth,LLC 0.39% of their portfolio SUMMIT, NJ 179,816179.8k $9.2m $9.2m 0.39% Added +73.7k +73,659
66 Trivant Custom Portfolio Group, LLC 4.91% of their portfolio SAN DIEGO, CA 173,697173.7k $8.9m $8.9m 4.91% Reduced -1.5k -1,506
67 SIMA Wealth Partners, LLC 7.18% of their portfolio NORTH CHESTERFIELD, VA 172,860172.9k $8.9m $8.9m 7.18% Added +18.5k +18,465
68 DIVERSIFY WEALTH MANAGEMENT, LLC 0.51% of their portfolio SANDY, UT 160,202160.2k $8.3m $8.3m 0.51% Added +19.4k +19,448
69 Sigma Planning Corp 0.25% of their portfolio ANN ARBOR, MI 158,999159.0k $8.2m $8.2m 0.25% Reduced -8.2k -8,224
70 COMERICA BANK 0.03% of their portfolio DALLAS, TX 158,659158.7k $8.2m $8.2m 0.03% Added +10.9k +10,943
71 Strategic Investment Advisors / MI 0.78% of their portfolio FARMINGTON HILLS, MI 156,959157.0k $8.1m $8.1m 0.78% Added +16.9k +16,882
72 CNO Financial Group, Inc. 4.77% of their portfolio Carmel, IN 150,000150.0k $7.7m $7.7m 4.77% Unchanged
73 IVC Wealth Advisors LLC 3.43% of their portfolio SILVERDALE, PA 136,590136.6k $7.0m $7.0m 3.43% Added +29.6k +29,558
74 Columbus Macro, LLC 0.81% of their portfolio NEW CASTLE, PA 127,929127.9k $6.6m $6.6m 0.81% Added +27.8k +27,790
75 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 126,468126.5k $6.5m $6.5m 0.01% Added +12.3k +12,287
76 Vontobel Holding Ltd. 0.02% of their portfolio ZURICH, V8 125,000125.0k $6.4m $6.4m 0.02% Unchanged
77 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.10% of their portfolio MINNEAPOLIS, MN 120,566120.6k $6.2m $6.2m 0.10% Reduced -19.3k -19,340
78 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 111,805111.8k $5.8m $5.8m 0.01% Added +4.6k +4,598
79 Center For Asset Management LLC 3.31% of their portfolio PALM BEACH GARDENS, FL 106,605106.6k $5.4m $5.4m 3.31% Added +26.8k +26,786
80 Wealthspire Retirement, LLC 0.35% of their portfolio ALISO VIEJO, CA 102,823102.8k $5.3m $5.3m 0.35% Reduced -7.1k -7,070
81 M&T Bank Corp 0.02% of their portfolio BUFFALO, NY 100,349100.3k $5.2m $5.2m 0.02% Reduced -7.3k -7,290
82 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 90,64790.6k $4.7m $4.7m 0.01% Reduced -47.0k -47,040
83 AIRE ADVISORS, LLC 0.89% of their portfolio BEVERLY HILLS, CA 89,81189.8k $4.6m $4.6m 0.89% Added +261 +261
84 Erickson Financial Group, LLC 3.12% of their portfolio ALLENTOWN, PA 89,76689.8k $4.6m $4.6m 3.12% Added +2.3k +2,309
85 TD Waterhouse Canada Inc. 0.03% of their portfolio TORONTO, A6 89,48089.5k $4.6m $4.6m 0.03% Reduced -620 -620
86 Kraft, Davis & Associates, LLC 1.25% of their portfolio St. Louis, MO 89,23089.2k $4.6m $4.6m 1.25% Reduced -50.4k -50,363
87 Motiv8 Investments LLC 2.80% of their portfolio PORT ST. LUCIE, FL 89,09489.1k $4.6m $4.6m 2.80% Reduced -5.7k -5,739
88 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 88,54488.5k $4.6m $4.6m 0.03% Added +10.3k +10,273
89 AVANTAX ADVISORY SERVICES, INC. 0.02% of their portfolio DALLAS, TX 87,66987.7k $4.5m $4.5m 0.02% Added +8.0k +7,958
90 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 87,61787.6k $4.5m $4.5m 0.01% Added +30.9k +30,933
91 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 86,52186.5k $4.5m $4.5m 0.02% Reduced -22.7k -22,735
92 CWM, LLC 0.02% of their portfolio OMAHA, NE 85,89685.9k $4.4m $4.4m 0.02% Added +1.9k +1,873
93 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 82,31882.3k $4.2m $4.2m 0.00% Added +10.3k +10,342
94 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 80,10080.1k $4.1m $4.1m 0.00% Added +14.8k +14,800
95 Fjell Capital, LLC 3.75% of their portfolio FARGO, ND 78,72178.7k $4.0m $4.0m 3.75% Added +1.8k +1,825
96 Checchi Capital Advisers, LLC 0.28% of their portfolio BEVERLY HILLS, CA 76,96877.0k $4.0m $4.0m 0.28% Reduced -5.4k -5,447
97 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 76,13276.1k $3.9m $3.9m 0.01% Added +59.1k +59,125
98 KEYBANK NATIONAL ASSOCIATION/OH 0.01% of their portfolio BROOKLYN, OH 75,80175.8k $3.9m $3.9m 0.01% Reduced -1.9k -1,903
99 Landing Point Financial Group, LLC 2.41% of their portfolio AVON, OH 74,29174.3k $3.8m $3.8m 2.41% Added +4.7k +4,668
100 Financial Avengers, Inc. 1.53% of their portfolio OAKLAND, CA 64,26264.3k $3.3m $3.3m 1.53% Added +9.6k +9,642