Vault-13

ISHARES TR TLH

10-20 YR TRS ETF · ETP · CUSIP 464288653

408 institutional holders -13 vs Q4 2023
72,396,28472.4m shares reported held*
$7.6bnreported value*
49 new 190 added 122 reduced 59 sold out net bought ≈ $692.2m (+6.6m 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 ($19.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $105.02. Options: 2 managers hold calls ($10.6m notional), 2 hold puts ($4.3m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 309Q4 22: 353Q1 23: 374Q2 23: 398Q3 23: 348Q4 23: 421Q1 24: 408408Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022309
Q4 2022353
Q1 2023374
Q2 2023398
Q3 2023348
Q4 2023421
Q1 2024408

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 23Q4 23: 249 bought or addedQ4 23: 166 cut or sold outQ4 23Q1 24: 239 bought or addedQ1 24: 181 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022251100
Q1 2023225166
Q2 2023259143
Q3 2023131274
Q4 2023249166
Q1 2024239181

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 23 calls: $443.1kQ2 23 puts: $686.8kQ2 23P/C 1.55Q3 23 calls: $1.1mQ3 23 puts: $1.4mQ3 23P/C 1.30Q4 23 calls: $11.1mQ4 23 puts: $2.8mQ4 23P/C 0.26Q1 24 calls: $10.6mQ1 24 puts: $4.3mQ1 24P/C 0.40
Numbers
QuarterCallsPutsP/C
Q2 2023$443.1k$686.8k1.55
Q3 2023$1.1m$1.4m1.30
Q4 2023$11.1m$2.8m0.26
Q1 2024$10.6m$4.3m0.40

Biggest buyers

MORGAN STANLEY Added +2,384,969+2.4m
Annex Advisory Services, LLC Added +1,111,995+1.1m
JPMORGAN CHASE & CO Added +851,612+851.6k
ASSETMARK, INC Added +687,673+687.7k
LPL Financial LLC Added +395,951+396.0k
CAPTRUST FINANCIAL ADVISORS Added +362,060+362.1k
Cetera Investment Advisers Added +317,064+317.1k
BANK OF AMERICA CORP /DE/ Added +298,239+298.2k
ENVESTNET ASSET MANAGEMENT INC Added +254,386+254.4k
Financial Engines Advisors L.L.C. New +249,985+250.0k

Biggest sellers

COLDSTREAM CAPITAL MANAGEMENT INC Reduced -641,059-641.1k
STIFEL FINANCIAL CORP Reduced -570,447-570.4k
BENJAMIN F. EDWARDS & COMPANY, INC. Reduced -412,599-412.6k
Marks Wealth, LLC Sold out -294,006-294.0k
CONFLUENCE INVESTMENT MANAGEMENT LLC Reduced -181,244-181.2k
Gradient Investments LLC Reduced -166,034-166.0k
Connectus Wealth, LLC Sold out -146,837-146.8k
Financial Gravity Asset Management, Inc. Reduced -122,436-122.4k
OSAIC HOLDINGS, INC. Reduced -115,364-115.4k
Richard Bernstein Advisors LLC Reduced -114,346-114.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.5m90.3k shares
CITADEL ADVISORS LLC Reduced $1.1m10.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.0m28.4k shares
CITADEL ADVISORS LLC Added $1.3m12.3k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 10,715,91310.7m $1.1bn $1.1bn 0.11% Added +298.2k +298,239
2 Forum Financial Management, LP 12.75% of their portfolio LOMBARD, IL 7,103,5087.1m $746.1m $746.1m 12.75% Added +142.1k +142,063
3 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 5,781,0395.8m $607.2m $607.2m 0.02% Added +2.4m +2,384,969
4 ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio Berwyn, PA 4,962,3485.0m $521.2m $521.2m 0.19% Added +254.4k +254,386
5 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 3,794,9783.8m $398.6m $398.6m 0.11% Added +121.5k +121,458
6 AMERIPRISE FINANCIAL INC 0.10% of their portfolio MINNEAPOLIS, MN 3,466,4563.5m $364.2m $364.2m 0.10% Reduced -45.4k -45,428
7 TRUIST FINANCIAL CORP 0.54% of their portfolio CHARLOTTE, NC 3,413,8363.4m $358.6m $358.6m 0.54% Added +109.5k +109,465
8 Richard Bernstein Advisors LLC 7.40% of their portfolio NEW YORK, NY 3,283,3493.3m $344.9m $344.9m 7.40% Reduced -114.3k -114,346
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,921,6662.9m $306.9m $306.9m 0.01% Added +851.6k +851,612
10 Annex Advisory Services, LLC 6.57% of their portfolio BROOKFIELD, WI 1,761,1921.8m $185.0m $185.0m 6.57% Added +1.1m +1,111,995
11 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 1,535,9561.5m $161.3m $161.3m 0.09% Added +396.0k +395,951
12 Itau Unibanco Holding S.A. 5.11% of their portfolio SAO PAULO, D5 1,134,0681.1m $119.1m $119.1m 5.11% Added +69.5k +69,511
13 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,061,8741.1m $111.5m $111.5m 0.04% Added +67.3k +67,302
14 Johns Hopkins University 4.20% of their portfolio BALTIMORE, MD 1,025,3801.0m $107.7m $107.7m 4.20% Unchanged
15 Pathstone Holdings, LLC 0.48% of their portfolio ENGLEWOOD, NJ 962,462962.5k $101.1m $101.1m 0.48% Added +161.9k +161,913
16 Envestnet Portfolio Solutions, Inc. 0.32% of their portfolio BERWYN, PA 811,568811.6k $85.2m $85.2m 0.32% Added +59.7k +59,685
17 ASSETMARK, INC 0.26% of their portfolio CONCORD, CA 761,698761.7k $80.0m $80.0m 0.26% Added +687.7k +687,673
18 Destination Wealth Management 2.49% of their portfolio Walnut Creek, CA 711,799711.8k $74.8m $74.8m 2.49% Added +143.9k +143,937
19 FAS Wealth Partners, Inc. 6.10% of their portfolio LEAWOOD, KS 655,832655.8k $68.9m $68.9m 6.10% Added +45.1k +45,143
20 CAPTRUST FINANCIAL ADVISORS 0.25% of their portfolio RALEIGH, NC 640,489640.5k $67.3m $67.3m 0.25% Added +362.1k +362,060
21 Sequoia Financial Advisors, LLC 0.77% of their portfolio Akron, OH 590,079590.1k $62.0m $62.0m 0.77% Added +32.2k +32,211
22 BlackRock Inc. 0.00% of their portfolio New York, NY 557,402557.4k $58.5m $58.5m 0.00% Added +58.7k +58,665
23 RiverFront Investment Group, LLC 1.61% of their portfolio RICHMOND, VA 542,672542.7k $57.0m $57.0m 1.61% Added +29.0k +29,045
24 FIRST CITIZENS BANK & TRUST CO 1.08% of their portfolio RALEIGH, NC 536,219536.2k $56.3m $56.3m 1.08% Added +39.7k +39,670
25 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 521,320521.3k $54.8m $54.8m 0.01% Reduced -58.1k -58,148
26 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 470,764470.8k $49.4m $49.4m 0.12% Added +317.1k +317,064
27 Smith Anglin Financial, LLC 4.86% of their portfolio DALLAS, TX 448,209448.2k $47.1m $47.1m 4.86% Added +45.2k +45,192
28 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 428,108428.1k $45.0m $45.0m 0.05% Reduced -570.4k -570,447
29 Janney Montgomery Scott LLC 0.12% of their portfolio PHILADELPHIA, PA 381,451381.5k $40.1m $40.1m 0.12% Added +59.0k +58,969
30 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 364,236364.2k $38.3m $38.3m 0.03% Reduced -12.1k -12,126
31 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 358,690358.7k $37.7m $37.7m 0.06% Added +4.7k +4,676
32 Prime Capital Investment Advisors, LLC 0.52% of their portfolio OVERLAND PARK, KS 354,912354.9k $37.3m $37.3m 0.52% Added +42.4k +42,353
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 324,232324.2k $34.1m $34.1m 0.03% Added +90.9k +90,870
34 CWM, LLC 0.16% of their portfolio OMAHA, NE 303,422303.4k $31.9m $31.9m 0.16% Reduced -29.4k -29,353
35 MML INVESTORS SERVICES, LLC 0.13% of their portfolio SPRINGFIELD, MA 288,775288.8k $30.3m $30.3m 0.13% Added +39.9k +39,915
36 TD PRIVATE CLIENT WEALTH LLC 0.94% of their portfolio NEW YORK, NY 271,846271.8k $28.6m $28.6m 0.94% Added +35.8k +35,771
37 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 269,844269.8k $28.3m $28.3m 0.06% Reduced -115.4k -115,364
38 Financial Engines Advisors L.L.C. 0.06% of their portfolio SANTA CLARA, CA 249,985250.0k $26.3m $26.3m 0.06% New
39 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 244,304244.3k $25.7m $25.7m 0.04% Added +45.5k +45,468
40 Arrow Financial Corp 2.40% of their portfolio Glens Falls, NY 229,999230.0k $24.2m $24.2m 2.40% Reduced -2.6k -2,591
41 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 215,467215.5k $22.6m $22.6m 0.07% Added +115.0k +115,040
42 TD Waterhouse Canada Inc. 0.21% of their portfolio TORONTO, A6 204,930204.9k $28.6m $28.6m 0.21% Added +10.8k +10,785
43 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 190,242190.2k $20.0m $20.0m 0.08% Added +66.9k +66,878
44 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 189,520189.5k $19.9m $19.9m 0.04% Added +19.5k +19,454
45 Vestmark Advisory Solutions, Inc. 0.84% of their portfolio Wakefield, MA 184,614184.6k $19.4m $19.4m 0.84% Added +92.3k +92,263
46 Private Advisor Group, LLC 0.14% of their portfolio MORRISTOWN, NJ 183,453183.5k $19.3m $19.3m 0.14% Added +127.6k +127,602
47 Pinnacle Financial Partners Inc 0.41% of their portfolio Nashville, TN 180,812180.8k $19.0m $19.0m 0.41% New
48 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 176,024176.0k $18.5m $18.5m 0.01% Reduced -18.5k -18,495
49 PARK AVENUE SECURITIES LLC 0.24% of their portfolio NEW YORK, NY 174,817174.8k $18.4m $18.4m 0.24% Added +10.6k +10,602
50 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 168,741168.7k $17.7m $17.7m 0.05% Added +12.2k +12,184
51 Johnson Bixby & Associates, LLC 2.98% of their portfolio VANCOUVER, WA 163,449163.4k $17.2m $17.2m 2.98% Added +30.8k +30,842
52 Members Advisory Group LLC 9.53% of their portfolio WILLIAMSVILLE, NY 160,184160.2k $16.8m $16.8m 9.53% Added +1.0k +1,030
53 Goelzer Investment Management, Inc. 0.93% of their portfolio CARMEL, IN 156,910156.9k $16.5m $16.5m 0.93% Added +38.5k +38,486
54 REGATTA CAPITAL GROUP, LLC 3.64% of their portfolio EL SEGUNDO, CA 153,932153.9k $16.2m $16.2m 3.64% Added +90.8k +90,829
55 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 142,513142.5k $15.0m $15.0m 0.02% Added +141.7k +141,652
56 FIRST FINANCIAL BANK - TRUST DIVISION 1.36% of their portfolio HAMILTON, OH 134,374134.4k $14.1m $14.1m 1.36% Added +37.5k +37,505
57 NICOLET ADVISORY SERVICES, LLC 1.40% of their portfolio GREEN BAY, WI 134,223134.2k $13.8m $13.8m 1.40% Added +8.2k +8,230
58 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 120,200120.2k $12.6m $12.6m 0.02% Added +14.4k +14,419
59 Quantitative Strategies, Inc. 6.85% of their portfolio CALABASAS, CA 113,248113.2k $11.9m $11.9m 6.85% Added +3.8k +3,822
60 DAYMARK WEALTH PARTNERS, LLC 0.56% of their portfolio CINCINNATI, OH 99,65899.7k $10.5m $10.5m 0.56% Added +43.5k +43,488
61 SageView Advisory Group, LLC 0.21% of their portfolio Newport Beach, CA 97,06397.1k $4.1m $4.1m 0.21% New
62 Columbia Bank 4.09% of their portfolio Lake Oswego, OR 94,85694.9k $10.0m $10.0m 4.09% First filing
63 HENGEHOLD CAPITAL MANAGEMENT LLC 1.05% of their portfolio CINCINNATI, OH 93,70493.7k $9.8m $9.8m 1.05% Added +931 +931
64 Harvest Portfolios Group Inc. 0.38% of their portfolio Oakville, A6 93,60593.6k $9.8m $9.8m 0.38% Added +39.9k +39,881
65 FINANCIAL LIFE ADVISORS 4.05% of their portfolio SAN ANTONIO, TX 92,13592.1k $9.7m $9.7m 4.05% Added +19.5k +19,471
66 COLDSTREAM CAPITAL MANAGEMENT INC 0.24% of their portfolio BELLEVUE, WA 91,82791.8k $9.6m $9.6m 0.24% Reduced -641.1k -641,059
67 Beacon Pointe Advisors, LLC 0.11% of their portfolio NEWPORT BEACH, CA 90,26690.3k $9.5m $9.5m 0.11% Added +3.1k +3,096
68 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 90,03190.0k $9.5m $9.5m 0.10% Added +37.9k +37,880
69 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 86,79886.8k $9.1m $9.1m 0.00% Reduced -10.9k -10,862
70 SYON CAPITAL LLC 0.84% of their portfolio SAN FRANCISCO, CA 84,60984.6k $8.9m $8.9m 0.84% Reduced -47.8k -47,769
71 CAMBRIDGE TRUST CO 0.32% of their portfolio BOSTON, MA 79,94479.9k $8.4m $8.4m 0.32% Reduced -463 -463
72 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ST. LOUIS, MO 79,32979.3k $8.3m $8.3m 0.11% Reduced -181.2k -181,244
73 Benedetti & Gucer, Inc. 4.01% of their portfolio ATLANTA, GA 76,83576.8k $8.1m $8.1m 4.01% Added +6.7k +6,706
74 Tidal Investments LLC 0.14% of their portfolio Milwaukee, WI 76,52676.5k $8.0m $8.0m 0.14% New
75 OneDigital Investment Advisors LLC 0.13% of their portfolio OVERLAND PARK, KS 76,13876.1k $8.0m $8.0m 0.13% Added +10.7k +10,705
76 ARVEST INVESTMENTS, INC. 1.26% of their portfolio LOWELL, AR 75,67575.7k $7.9m $7.9m 1.26% Added +16.1k +16,106
77 PRINCIPAL SECURITIES, INC. 0.22% of their portfolio DES MOINES, IA 65,97766.0k $6.9m $6.9m 0.22% Added +4.6k +4,601
78 Trek Financial, LLC 0.55% of their portfolio Scottsdale, AZ 65,55165.6k $6.9m $6.9m 0.55% Reduced -17.3k -17,344
79 Royal Harbor Partners, LLC 2.96% of their portfolio HOUSTON, TX 64,76364.8k $6.8m $6.8m 2.96% Added +207 +207
80 Affinity Capital Advisors, LLC 1.45% of their portfolio BERKELEY, CA 61,73461.7k $6.5m $6.5m 1.45% Added +12.9k +12,878
81 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 60,85660.9k $6.4m $6.4m 0.04% Added +1.5k +1,486
82 TRANSCEND CAPITAL ADVISORS, LLC 0.51% of their portfolio MADISON, NJ 60,43660.4k $6.3m $6.3m 0.51% Added +77 +77
83 Atria Investments, Inc 0.09% of their portfolio Charlotte, NC 60,35460.4k $6.3m $6.3m 0.09% Reduced -9.8k -9,761
84 Krilogy Financial LLC 0.48% of their portfolio ST. LOUIS, MO 59,12859.1k $6.2m $6.2m 0.48% Added +4.3k +4,294
85 EWA, LLC 2.59% of their portfolio PITTSBURGH, PA 57,14357.1k $5.8m $5.8m 2.59% Reduced -10.3k -10,321
86 Focus Financial Network, Inc. 0.26% of their portfolio MINNEAPOLIS, MN 54,07054.1k $5.4m $5.4m 0.26% First filing
87 SVB WEALTH LLC 0.13% of their portfolio BOSTON, MA 53,42653.4k $5.6m $5.6m 0.13% Added +21.5k +21,496
88 TRUSTMARK BANK TRUST DEPARTMENT 0.45% of their portfolio JACKSON, MS 52,10052.1k $5.5m $5.5m 0.45% Added +366 +366
89 Atria Wealth Solutions, Inc. 0.06% of their portfolio NEW YORK, NY 49,32449.3k $5.2m $5.2m 0.06% Reduced -21 -21
90 Cresta Advisors, Ltd. 3.26% of their portfolio LAREDO, TX 48,94948.9k $5.1m $5.1m 3.26% Added +1.9k +1,932
91 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 48,83548.8k $5.1m $5.1m 0.03% Added +24.7k +24,686
92 AVAII WEALTH MANAGEMENT, LLC 2.87% of their portfolio APPLETON, WI 46,48446.5k $4.9m $4.9m 2.87% Added +4.2k +4,180
93 Premier Path Wealth Partners, LLC 0.85% of their portfolio MADISON, NJ 44,32944.3k $4.5m $4.5m 0.85% New
94 Icon Wealth Advisors, LLC 0.43% of their portfolio HOUSTON, TX 44,17044.2k $4.6m $4.6m 0.43% Reduced -1.4k -1,411
95 Smartleaf Asset Management LLC 0.86% of their portfolio BOSTON, MA 42,17042.2k $4.4m $4.4m 0.86% Added +11.9k +11,879
96 COMERICA BANK 0.02% of their portfolio DALLAS, TX 41,24741.2k $4.3m $4.3m 0.02% Reduced -4.4k -4,384
97 Evergreen Private Wealth LLC 2.15% of their portfolio GREENWOOD VILLAGE, CO 40,93240.9k $4.3m $4.3m 2.15% Added +9.5k +9,483
98 Avid Wealth Partners LLC 3.38% of their portfolio SAN ANTONIO, TX 40,01140.0k $4.2m $4.2m 3.38% New
99 BEAM WEALTH ADVISORS, INC. 2.50% of their portfolio COVINGTON, LA 39,59739.6k $4.2m $4.2m 2.50% Reduced -5.5k -5,464
100 SPC Financial, Inc. 0.38% of their portfolio ROCKVILLE, MD 38,82138.8k $4.1m $4.1m 0.38% New