Vault-13

ISHARES TR TLH

10-20 YR TRS ETF · ETP · CUSIP 464288653

348 institutional holders -50 vs Q2 2023
60,669,52260.7m shares reported held*
$6.0bnreported value*
45 new 86 added 176 reduced 98 sold out net sold ≈ $1.1bn (-11.1m 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 ($10.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $99.30. Options: 2 managers hold calls ($1.1m notional), 2 hold puts ($1.4m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 309Q4 22: 353Q1 23: 374Q2 23: 398Q3 23: 348348Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022309
Q4 2022353
Q1 2023374
Q2 2023398
Q3 2023348

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 251 bought or addedQ4 22: 100 cut or sold outQ4 22Q1 23: 225 bought or addedQ1 23: 166 cut or sold outQ1 23Q2 23: 259 bought or addedQ2 23: 143 cut or sold outQ2 23Q3 23: 131 bought or addedQ3 23: 274 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022251100
Q1 2023225166
Q2 2023259143
Q3 2023131274

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ4 22 calls: $703.2kQ4 22 puts: $649.4kQ4 22P/C 0.92Q1 23 calls: $664.3kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $443.1kQ2 23 puts: $686.8kQ2 23P/C 1.55Q3 23 calls: $1.1mQ3 23 puts: $1.4mQ3 23P/C 1.30
Numbers
QuarterCallsPutsP/C
Q4 2022$703.2k$649.4k0.92
Q1 2023$664.3k$00.00
Q2 2023$443.1k$686.8k1.55
Q3 2023$1.1m$1.4m1.30

Biggest buyers

WELLS FARGO & COMPANY/MN Added +1,450,247+1.5m
TRUIST FINANCIAL CORP Added +1,357,503+1.4m
Itau Unibanco Holding S.A. Added +991,277+991.3k
JPMORGAN CHASE & CO Added +689,913+689.9k
JANE STREET GROUP, LLC Added +667,772+667.8k
Forum Financial Management, LP Added +465,570+465.6k
PATHSTONE FAMILY OFFICE, LLC Added +401,535+401.5k
GOLDMAN SACHS GROUP INC Added +398,569+398.6k
Corient Private Wealth LP New +352,035+352.0k
Prime Capital Investment Advisors, LLC New +301,809+301.8k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -5,089,828-5.1m
BANK OF AMERICA CORP /DE/ Reduced -3,136,385-3.1m
Richard Bernstein Advisors LLC Reduced -1,858,416-1.9m
BlackRock Inc. Reduced -1,146,074-1.1m
Annex Advisory Services, LLC Reduced -763,749-763.7k
CWM, LLC Reduced -683,550-683.5k
LPL Financial LLC Reduced -683,417-683.4k
AMERIPRISE FINANCIAL INC Reduced -603,622-603.6k
MORGAN STANLEY Reduced -485,911-485.9k
PARK AVENUE SECURITIES LLC Reduced -432,884-432.9k

Biggest calls

CITADEL ADVISORS LLC Added $551.4k5.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $502.2k5.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $748.4k7.6k shares
CITADEL ADVISORS LLC Added $620.4k6.3k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.16% of their portfolio CHARLOTTE, NC 13,005,19013.0m $1.3bn $1.3bn 0.16% Reduced -3.1m -3,136,385
2 Forum Financial Management, LP 14.06% of their portfolio LOMBARD, IL 6,457,2366.5m $635.8m $635.8m 14.06% Added +465.6k +465,570
3 Richard Bernstein Advisors LLC 11.98% of their portfolio NEW YORK, NY 5,453,5755.5m $537.0m $537.0m 11.98% Reduced -1.9m -1,858,416
4 AMERIPRISE FINANCIAL INC 0.17% of their portfolio MINNEAPOLIS, MN 4,976,0825.0m $530.6m $530.6m 0.17% Reduced -603.6k -603,622
5 ENVESTNET ASSET MANAGEMENT INC 0.17% of their portfolio Berwyn, PA 3,699,0033.7m $364.2m $364.2m 0.17% Reduced -5.1m -5,089,828
6 TRUIST FINANCIAL CORP 0.53% of their portfolio CHARLOTTE, NC 3,218,0803.2m $316.9m $316.9m 0.53% Added +1.4m +1,357,503
7 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 2,016,5042.0m $198.6m $198.6m 0.06% Added +1.5m +1,450,247
8 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 1,575,0661.6m $155.1m $155.1m 0.02% Reduced -485.9k -485,911
9 CW Advisors, LLC 2.20% of their portfolio BOSTON, MA 1,083,1541.1m $106.7m $106.7m 2.20% Added +12.2k +12,162
10 Itau Unibanco Holding S.A. 4.53% of their portfolio SAO PAULO, D5 1,033,3031.0m $101.7m $101.7m 4.53% Added +991.3k +991,277
11 UBS Group AG 0.04% of their portfolio ZURICH, V8 875,936875.9k $86.3m $86.3m 0.04% Added +112.2k +112,167
12 Envestnet Portfolio Solutions, Inc. 0.37% of their portfolio BERWYN, PA 797,741797.7k $78.6m $78.6m 0.37% First filing
13 FIRST CITIZENS BANK & TRUST CO 1.42% of their portfolio RALEIGH, NC 741,244741.2k $73.0m $73.0m 1.42% Reduced -114.5k -114,541
14 PATHSTONE FAMILY OFFICE, LLC 0.55% of their portfolio ENGLEWOOD, NJ 717,295717.3k $70.6m $70.6m 0.55% Added +401.5k +401,535
15 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 703,901703.9k $69.3m $69.3m 0.01% Added +689.9k +689,913
16 JANE STREET GROUP, LLC 0.11% of their portfolio NEW YORK, NY 700,065700.1k $68.9m $68.9m 0.11% Added +667.8k +667,772
17 RiverFront Investment Group, LLC 2.29% of their portfolio RICHMOND, VA 655,058655.1k $64.5m $64.5m 2.29% Reduced -15.3k -15,318
18 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 647,554647.6k $63.8m $63.8m 0.02% Reduced -99.4k -99,433
19 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 625,541625.5k $61.6m $61.6m 0.04% Reduced -683.4k -683,417
20 BlackRock Inc. 0.00% of their portfolio New York, NY 620,816620.8k $61.1m $61.1m 0.00% Reduced -1.1m -1,146,074
21 RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio ST PETERSBURG, FL 582,517582.5k $57.4m $57.4m 0.05% Added +2.8k +2,844
22 Sequoia Financial Advisors, LLC 0.89% of their portfolio Akron, OH 518,051518.1k $51.0m $51.0m 0.89% Added +20.7k +20,689
23 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 420,077420.1k $41.4m $41.4m 0.01% Added +398.6k +398,569
24 Janney Montgomery Scott LLC 0.14% of their portfolio PHILADELPHIA, PA 378,417378.4k $37.3m $37.3m 0.14% Reduced -263.5k -263,520
25 Parallel Advisors, LLC 1.17% of their portfolio SAN FRANCISCO, CA 356,871356.9k $35.1m $35.1m 1.17% Added +3.5k +3,504
26 Corient Private Wealth LP 0.10% of their portfolio MIAMI, FL 352,035352.0k $43.5m $43.5m 0.10% New
27 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 349,012349.0k $34.4m $34.4m 0.05% Reduced -397.7k -397,672
28 SYON CAPITAL LLC 4.26% of their portfolio SAN FRANCISCO, CA 347,894347.9k $34.3m $34.3m 4.26% First filing
29 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 325,369325.4k $32.0m $32.0m 0.05% Reduced -73.9k -73,917
30 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 310,210310.2k $32.0m $32.0m 0.01% Added +124.3k +124,277
31 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 302,947302.9k $29.8m $29.8m 0.05% Added +75.8k +75,775
32 Prime Capital Investment Advisors, LLC 0.61% of their portfolio OVERLAND PARK, KS 301,809301.8k $29.7m $29.7m 0.61% New
33 Cetera Advisors LLC 0.38% of their portfolio DENVER, CO 248,191248.2k $24.4m $24.4m 0.38% Reduced -60.6k -60,627
34 Gradient Investments LLC 0.50% of their portfolio ARDEN HILLS, MN 193,878193.9k $19.1m $19.1m 0.50% Added +5.6k +5,610
35 TD Waterhouse Canada Inc. 0.26% of their portfolio TORONTO, A6 190,594190.6k $25.2m $25.2m 0.26% Added +18.5k +18,452
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 190,159190.2k $18.7m $18.7m 0.02% Added +86.8k +86,782
37 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 160,342160.3k $15.8m $15.8m 0.07% Reduced -126.7k -126,747
38 TD PRIVATE CLIENT WEALTH LLC 0.65% of their portfolio NEW YORK, NY 152,569152.6k $15.0m $15.0m 0.65% Added +69.8k +69,818
39 Members Advisory Group LLC 9.70% of their portfolio WILLIAMSVILLE, NY 152,554152.6k $15.0m $15.0m 9.70% Added +4.1k +4,074
40 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 147,333147.3k $14.5m $14.5m 0.03% Reduced -125.3k -125,266
41 FLOW TRADERS U.S. LLC 0.67% of their portfolio NEW YORK, NY 145,228145.2k $14.3m $14.3m 0.67% New
42 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 132,181132.2k $13.0m $13.0m 0.00% Reduced -188.3k -188,291
43 AVALON CAPITAL MANAGEMENT 6.56% of their portfolio Port Of Redwood City, CA 130,639130.6k $12.9m $12.9m 6.56% Reduced -33.0k -33,023
44 FIRST FINANCIAL BANK - TRUST DIVISION 1.39% of their portfolio HAMILTON, OH 128,682128.7k $12.7m $12.7m 1.39% Reduced -91.3k -91,325
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 127,868127.9k $12.6m $12.6m 0.04% New
46 Johnson Bixby & Associates, LLC 2.56% of their portfolio VANCOUVER, WA 124,725124.7k $12.3m $12.3m 2.56% New
47 GTS SECURITIES LLC 0.25% of their portfolio NEW YORK, NY 124,063124.1k $12.2m $12.2m 0.25% New
48 Financial Gravity Asset Management, Inc. 0.06% of their portfolio Lakeway, TX 123,550123.5k $5.3m $5.3m 0.06% Added +111.3k +111,310
49 Arrow Financial Corp 1.39% of their portfolio Glens Falls, NY 120,831120.8k $11.9m $11.9m 1.39% New
50 CWM, LLC 0.07% of their portfolio OMAHA, NE 120,467120.5k $11.9m $11.9m 0.07% Reduced -683.5k -683,550
51 Cetera Investment Advisers 0.10% of their portfolio SCHAUMBURG, IL 113,809113.8k $11.2m $11.2m 0.10% Reduced -165.4k -165,416
52 Vestmark Advisory Solutions, Inc. 0.76% of their portfolio Wakefield, MA 105,700105.7k $10.4m $10.4m 0.76% Reduced -14.5k -14,501
53 Quantitative Strategies, Inc. 6.77% of their portfolio CALABASAS, CA 102,239102.2k $10.1m $10.1m 6.77% Added +4.9k +4,903
54 TRANSCEND CAPITAL ADVISORS, LLC 0.93% of their portfolio MADISON, NJ 96,63596.6k $9.5m $9.5m 0.93% Reduced -37.5k -37,525
55 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 94,10394.1k $9.3m $9.3m 0.04% Added +14.3k +14,346
56 HENGEHOLD CAPITAL MANAGEMENT LLC 1.15% of their portfolio CINCINNATI, OH 89,58989.6k $8.8m $8.8m 1.15% New
57 Bridge Advisory, LLC 2.85% of their portfolio PASADENA, CA 82,48382.5k $8.1m $8.1m 2.85% Added +15.1k +15,113
58 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 78,03378.0k $7.7m $7.7m 0.03% Added +17.0k +16,953
59 RS CRUM INC. 2.75% of their portfolio Newport Beach, CA 77,67077.7k $7.6m $7.6m 2.75% Added +2.6k +2,645
60 Trek Financial, LLC 0.69% of their portfolio Scottsdale, AZ 76,42876.4k $7.5m $7.5m 0.69% Reduced -7.6k -7,640
61 Krilogy Financial LLC 0.65% of their portfolio ST. LOUIS, MO 72,00672.0k $7.1m $7.1m 0.65% Reduced -23.1k -23,088
62 CAMBRIDGE TRUST CO 0.31% of their portfolio BOSTON, MA 68,79668.8k $6.8m $6.8m 0.31% Added +66.9k +66,925
63 ADVISOR PARTNERS II, LLC 0.27% of their portfolio WALNUT CREEK, CA 68,41668.4k $6.7m $6.7m 0.27% Added +52.5k +52,457
64 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 67,99368.0k $6.7m $6.7m 0.06% Reduced -10.0k -10,045
65 Annex Advisory Services, LLC 0.40% of their portfolio BROOKFIELD, WI 66,44266.4k $6.5m $6.5m 0.40% Reduced -763.7k -763,749
66 DAYMARK WEALTH PARTNERS, LLC 0.42% of their portfolio CINCINNATI, OH 61,84861.8k $6.1m $6.1m 0.42% Added +19.8k +19,847
67 Royal Harbor Partners, LLC 3.09% of their portfolio HOUSTON, TX 60,34860.3k $5.9m $5.9m 3.09% New
68 Benedetti & Gucer, Inc. 3.22% of their portfolio ATLANTA, GA 59,80959.8k $5.9m $5.9m 3.22% Added +1.3k +1,267
69 Cetera Advisor Networks LLC 0.04% of their portfolio EL SEGUNDO, CA 58,80058.8k $5.8m $5.8m 0.04% Reduced -75.5k -75,505
70 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 57,58757.6k $5.7m $5.7m 0.04% Added +5.4k +5,445
71 Atria Investments, Inc 0.10% of their portfolio Charlotte, NC 57,25857.3k $5.6m $5.6m 0.10% Reduced -39.7k -39,725
72 Connectus Wealth, LLC 0.12% of their portfolio CINCINNATI, OH 54,14854.1k $5.4m $5.4m 0.12% Reduced -2.3k -2,261
73 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 52,10252.1k $5.1m $5.1m 0.03% Reduced -265.0k -265,040
74 GREAT VALLEY ADVISOR GROUP, INC. 0.21% of their portfolio WILMINGTON, DE 50,73150.7k $5.0m $5.0m 0.21% New
75 Heck Capital Advisors, LLC 0.89% of their portfolio Rhinelander, WI 48,78948.8k $4.8m $4.8m 0.89% Added +28.9k +28,905
76 BEAM WEALTH ADVISORS, INC. 3.39% of their portfolio COVINGTON, LA 48,38048.4k $4.8m $4.8m 3.39% Reduced -14.0k -14,004
77 OneDigital Investment Advisors LLC 0.10% of their portfolio OVERLAND PARK, KS 47,55447.6k $4.7m $4.7m 0.10% Added +33.7k +33,735
78 Cresta Advisors, Ltd. 3.45% of their portfolio LAREDO, TX 45,26745.3k $4.5m $4.5m 3.45% Added +6.8k +6,794
79 First Citizens Asset Management, Inc. 1.85% of their portfolio RALEIGH, NC 44,16944.2k $4.3m $4.3m 1.85% Reduced -5.6k -5,646
80 KICKSTAND VENTURES, LLC. 1.25% of their portfolio PITTSFORD, NY 41,14541.1k $4.1m $4.1m 1.25% First filing
81 CARY STREET PARTNERS ASSET MANAGEMENT LLC 0.74% of their portfolio RICHMOND, VA 40,21640.2k $4.0m $4.0m 0.74% Added +720 +720
82 Blue Trust, Inc. 0.07% of their portfolio BRENTWOOD, TN 39,80639.8k $4.4m $4.4m 0.07% Reduced -1.8k -1,791
83 LFA - Lugano Financial Advisors SA 3.31% of their portfolio LUGANO, V8 39,28139.3k $3.9m $3.9m 3.31% Reduced -6.5k -6,528
84 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 37,57437.6k $3.7m $3.7m 0.01% Added +22.3k +22,275
85 Geneos Wealth Management Inc. 0.19% of their portfolio ENGLEWOOD, CO 37,08437.1k $3.7m $3.7m 0.19% Added +1.5k +1,504
86 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 36,93036.9k $3.6m $3.6m 0.01% Reduced -20.3k -20,341
87 Columbia Trust Co 01012016 1.96% of their portfolio PORTLAND, OR 34,32234.3k $3.4m $3.4m 1.96% New
88 LINCOLN CAPITAL CORP 1.78% of their portfolio EAST GREENWICH, RI 33,65333.7k $3.3m $3.3m 1.78% Added +1.6k +1,575
89 Alternative Investment Advisors, LLC. 2.23% of their portfolio Maitland, FL 32,45832.5k $3.2m $3.2m 2.23% First filing
90 COMERICA BANK 0.02% of their portfolio DALLAS, TX 30,40330.4k $3.0m $3.0m 0.02% New
91 Ascentis Independent Advisors 0.79% of their portfolio DALLAS, TX 28,84328.8k $2.8m $2.8m 0.79% Reduced -3.0k -2,955
92 AVAII WEALTH MANAGEMENT, LLC 2.13% of their portfolio APPLETON, WI 28,61428.6k $2.8m $2.8m 2.13% Added +2.6k +2,606
93 MA Private Wealth 0.64% of their portfolio SAN CARLOS, CA 27,31827.3k $2.7m $2.7m 0.64% Reduced -69.4k -69,442
94 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 27,21227.2k $2.7m $2.7m 0.05% Reduced -65.7k -65,685
95 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 27,12627.1k $2.7m $2.7m 0.01% Reduced -18.6k -18,618
96 Financial Advocates Investment Management 0.18% of their portfolio OLYMPIA, WA 26,09826.1k $2.4m $2.4m 0.18% Added +16.9k +16,882
97 Cedrus LLC 1.81% of their portfolio Littleton, CO 25,91225.9k $2.6m $2.6m 1.81% New
98 LVW Advisors, LLC 0.53% of their portfolio PITTSFORD, NY 25,20325.2k $2.5m $2.5m 0.53% Added +832 +832
99 PATRON PARTNERS, LLC 1.73% of their portfolio HOUSTON, TX 23,86923.9k $2.4m $2.4m 1.73% Reduced -4.9k -4,857
100 PARK AVENUE SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 23,55623.6k $2.3m $2.3m 0.04% Reduced -432.9k -432,884