Vault-13

ISHARES TR TLH

10-20 YR TRS ETF · ETP · CUSIP 464288653

483 institutional holders +2 vs Q3 2024
66,366,51566.4m shares reported held*
$5.9bnreported value*
49 new 185 added 171 reduced 61 sold out net sold ≈ $529.4m (+1.6m 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 ($5.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $88.99. Options: 2 managers hold calls ($5.0m notional), 2 hold puts ($3.6m).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 309Q4 22: 353Q1 23: 374Q2 23: 398Q3 23: 348Q4 23: 421Q1 24: 408Q2 24: 442Q3 24: 481Q4 24: 483483Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022309
Q4 2022353
Q1 2023374
Q2 2023398
Q3 2023348
Q4 2023421
Q1 2024408
Q2 2024442
Q3 2024481
Q4 2024483

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 23: 225 bought or addedQ1 23: 166 cut or sold outQ2 23: 259 bought or addedQ2 23: 143 cut or sold outQ2 23Q3 23: 131 bought or addedQ3 23: 274 cut or sold outQ4 23: 249 bought or addedQ4 23: 166 cut or sold outQ4 23Q1 24: 239 bought or addedQ1 24: 181 cut or sold outQ2 24: 243 bought or addedQ2 24: 200 cut or sold outQ2 24Q3 24: 283 bought or addedQ3 24: 190 cut or sold outQ4 24: 234 bought or addedQ4 24: 232 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023225166
Q2 2023259143
Q3 2023131274
Q4 2023249166
Q1 2024239181
Q2 2024243200
Q3 2024283190
Q4 2024234232

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 24 calls: $10.6mQ1 24 puts: $4.3mQ1 24P/C 0.40Q2 24 calls: $2.8mQ2 24 puts: $1.9mQ2 24P/C 0.66Q3 24 calls: $3.2mQ3 24 puts: $1.8mQ3 24P/C 0.57Q4 24 calls: $5.0mQ4 24 puts: $3.6mQ4 24P/C 0.72
Numbers
QuarterCallsPutsP/C
Q1 2024$10.6m$4.3m0.40
Q2 2024$2.8m$1.9m0.66
Q3 2024$3.2m$1.8m0.57
Q4 2024$5.0m$3.6m0.72

Biggest buyers

Demars Financial Group, LLC Added +6,979,136+7.0m
JANE STREET GROUP, LLC Added +533,457+533.5k
Janney Montgomery Scott LLC New +471,231+471.2k
LPL Financial LLC Added +389,576+389.6k
Forum Financial Management, LP Added +380,859+380.9k
US BANCORP \DE\ Added +311,396+311.4k
MAI Capital Management New +304,010+304.0k
GOLDMAN SACHS GROUP INC Added +265,944+265.9k
GenTrust, LLC New +226,527+226.5k
CASTLEARK MANAGEMENT LLC New +215,592+215.6k

Biggest sellers

JPMORGAN CHASE & CO Reduced -2,560,117-2.6m
Johns Hopkins University Sold out -1,196,677-1.2m
Itau Unibanco Holding S.A. Sold out -1,086,437-1.1m
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Reduced -731,139-731.1k
FAS Wealth Partners, Inc. Reduced -698,500-698.5k
BANK OF AMERICA CORP /DE/ Reduced -673,654-673.7k
UBS Group AG Reduced -382,618-382.6k
TRUIST FINANCIAL CORP Reduced -318,601-318.6k
Richard Bernstein Advisors LLC Reduced -255,892-255.9k
Members Advisory Group LLC Reduced -168,053-168.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.8m48.3k shares
CITADEL ADVISORS LLC Unchanged $169.2k1.7k shares

Biggest puts

CITADEL ADVISORS LLC Added $3.0m30.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $577.3k5.8k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 9,112,8129.1m $907.1m $907.1m 0.08% Reduced -673.7k -673,654
2 Forum Financial Management, LP 12.40% of their portfolio LOMBARD, IL 7,518,3297.5m $748.4m $748.4m 12.40% Added +380.9k +380,859
3 Demars Financial Group, LLC 0.72% of their portfolio SPOKANE VALLEY, WA 7,045,4417.0m $70.8k $70.8k 0.72% Added +7.0m +6,979,136
4 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 4,040,1884.0m $402.2m $402.2m 0.10% Added +182.5k +182,534
5 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 3,346,0793.3m $333.1m $333.1m 0.11% Reduced -99.5k -99,543
6 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 2,951,4523.0m $293.5m $293.5m 0.08% Reduced -19.9k -19,913
7 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 2,210,3352.2m $220.0m $220.0m 0.09% Added +389.6k +389,576
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,075,5702.1m $206.6m $206.6m 0.01% Added +131.0k +131,023
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,738,9231.7m $173.1m $173.1m 0.01% Reduced -2.6m -2,560,117
10 ASSETMARK, INC 0.46% of their portfolio CONCORD, CA 1,707,9961.7m $170.0m $170.0m 0.46% Added +173.5k +173,452
11 Richard Bernstein Advisors LLC 3.75% of their portfolio NEW YORK, NY 1,662,2151.7m $165.5m $165.5m 3.75% Reduced -255.9k -255,892
12 TRUIST FINANCIAL CORP 0.17% of their portfolio CHARLOTTE, NC 1,118,0941.1m $111.3m $111.3m 0.17% Reduced -318.6k -318,601
13 Envestnet Portfolio Solutions, Inc. 0.30% of their portfolio BERWYN, PA 922,037922.0k $91.8m $91.8m 0.30% Added +41.7k +41,685
14 Destination Wealth Management 2.26% of their portfolio Walnut Creek, CA 724,813724.8k $72.1m $72.1m 2.26% Reduced -20.3k -20,316
15 FIRST CITIZENS BANK & TRUST CO 1.30% of their portfolio RALEIGH, NC 709,967710.0k $70.7m $70.7m 1.30% Added +114.8k +114,803
16 UBS Group AG 0.02% of their portfolio ZURICH, V8 697,835697.8k $69.5m $69.5m 0.02% Reduced -382.6k -382,618
17 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 665,173665.2k $66.2m $66.2m 0.14% Reduced -10.1k -10,145
18 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 643,498643.5k $64.1m $64.1m 0.02% First filing
19 Smith Anglin Financial, LLC 5.72% of their portfolio DALLAS, TX 612,421612.4k $61.0m $61.0m 5.72% Added +7.6k +7,607
20 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 538,648538.6k $53.6m $53.6m 0.09% Added +533.5k +533,457
21 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 488,231488.2k $48.6m $48.6m 0.06% Added +311.4k +311,396
22 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 471,231471.2k $46.9m $46.9m 0.13% New
23 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 454,967455.0k $45.3m $45.3m 0.05% Added +5.0k +4,998
24 RiverFront Investment Group, LLC 0.97% of their portfolio RICHMOND, VA 427,132427.1k $42.5m $42.5m 0.97% Reduced -56.1k -56,140
25 CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio RALEIGH, NC 404,820404.8k $40.3m $40.3m 0.12% Reduced -45.8k -45,847
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 400,782400.8k $39.9m $39.9m 0.03% Added +23.2k +23,223
27 MML INVESTORS SERVICES, LLC 0.13% of their portfolio SPRINGFIELD, MA 378,246378.2k $37.7m $37.7m 0.13% Added +40.6k +40,567
28 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 368,132368.1k $36.6m $36.6m 0.01% Added +265.9k +265,944
29 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 324,243324.2k $32.3m $32.3m 0.06% Added +144.3k +144,316
30 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 308,043308.0k $30.7m $30.7m 0.01% Added +11.8k +11,786
31 MAI Capital Management 0.23% of their portfolio INDEPENDENCE, OH 304,010304.0k $30.3m $30.3m 0.23% New
32 Vestmark Advisory Solutions, Inc. 1.01% of their portfolio Wakefield, MA 295,618295.6k $29.4m $29.4m 1.01% Added +70.7k +70,688
33 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 288,042288.0k $28.7m $28.7m 0.06% Reduced -64.5k -64,482
34 Dynasty Wealth Management, LLC 0.46% of their portfolio ST. PETERSBURG, FL 270,722270.7k $26.9m $26.9m 0.46% Added +170.9k +170,874
35 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 257,170257.2k $25.6m $25.6m 0.04% Added +10.0k +9,992
36 Sanctuary Advisors, LLC 0.16% of their portfolio INDIANAPOLIS, IN 245,329245.3k $24.7m $24.7m 0.16% Reduced -14.9k -14,851
37 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 233,001233.0k $23.2m $23.2m 0.08% Reduced -19.3k -19,318
38 GenTrust, LLC 0.98% of their portfolio MIAMI, FL 226,527226.5k $22.5m $22.5m 0.98% New
39 Johnson Bixby & Associates, LLC 3.33% of their portfolio VANCOUVER, WA 219,324219.3k $21.8m $21.8m 3.33% Added +5.2k +5,235
40 CASTLEARK MANAGEMENT LLC 0.75% of their portfolio CHICAGO, IL 215,592215.6k $21.5m $21.5m 0.75% New
41 SAGESPRING WEALTH PARTNERS, LLC 0.55% of their portfolio FRANKLIN, TN 210,686210.7k $21.0m $21.0m 0.55% First filing
42 BRIDGE GENERATIONS WEALTH MANAGEMENT LLC 13.82% of their portfolio South Miami, FL 210,198210.2k $20.9m $20.9m 13.82% First filing
43 CWM, LLC 0.09% of their portfolio OMAHA, NE 209,829209.8k $20.9m $20.9m 0.09% Reduced -24.4k -24,380
44 Steward Partners Investment Advisory, LLC 0.18% of their portfolio STAMFORD, CT 207,333207.3k $20.6m $20.6m 0.18% Added +33.5k +33,472
45 PARK AVENUE SECURITIES LLC 0.21% of their portfolio NEW YORK, NY 204,710204.7k $20.4m $20.4m 0.21% Added +22.3k +22,335
46 HENGEHOLD CAPITAL MANAGEMENT LLC 1.79% of their portfolio CINCINNATI, OH 190,649190.6k $19.0m $19.0m 1.79% Added +8.7k +8,743
47 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 189,059189.1k $18.8m $18.8m 0.00% Added +2.3k +2,315
48 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 181,196181.2k $18.0m $18.0m 0.05% Added +393 +393
49 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 177,266177.3k $17.6m $17.6m 0.02% Added +42.4k +42,365
50 Financial Engines Advisors L.L.C. 0.04% of their portfolio SANTA CLARA, CA 170,062170.1k $16.9m $16.9m 0.04% Added +45.4k +45,353
51 EASTERN BANK 0.30% of their portfolio BOSTON, MA 163,052163.1k $16.2m $16.2m 0.30% Added +15.4k +15,428
52 TD Waterhouse Canada Inc. 0.13% of their portfolio TORONTO, A6 162,055162.1k $16.1m $16.1m 0.13% Added +81.8k +81,825
53 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 153,770153.8k $15.5m $15.5m 0.03% Added +7.2k +7,208
54 NICOLET ADVISORY SERVICES, LLC 1.37% of their portfolio GREEN BAY, WI 153,087153.1k $15.0m $15.0m 1.37% Added +12.8k +12,847
55 Goelzer Investment Management, Inc. 0.88% of their portfolio CARMEL, IN 151,809151.8k $15.1m $15.1m 0.88% Reduced -11.4k -11,405
56 Keel Point, LLC 1.13% of their portfolio HUNTSVILLE, AL 142,164142.2k $14.2m $14.2m 1.13% Added +16.6k +16,557
57 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 139,602139.6k $13.9m $13.9m 0.08% Reduced -33.0k -32,951
58 Harvest Portfolios Group Inc. 0.46% of their portfolio Oakville, A6 137,424137.4k $13.7m $13.7m 0.46% Added +15.9k +15,920
59 DAYMARK WEALTH PARTNERS, LLC 0.53% of their portfolio CINCINNATI, OH 126,605126.6k $12.6m $12.6m 0.53% Added +15.4k +15,427
60 NewEdge Advisors, LLC 0.07% of their portfolio NEW ORLEANS, LA 119,932119.9k $11.9m $11.9m 0.07% Added +9.5k +9,515
61 Quantitative Strategies, Inc. 6.32% of their portfolio CALABASAS, CA 118,825118.8k $11.8m $11.8m 6.32% Added +2.1k +2,138
62 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 109,578109.6k $10.9m $10.9m 0.01% Added +87.8k +87,770
63 FINANCIAL LIFE ADVISORS 4.04% of their portfolio SAN ANTONIO, TX 108,180108.2k $10.8m $10.8m 4.04% Added +2.3k +2,270
64 NorthCoast Asset Management LLC 0.05% of their portfolio STAMFORD, CT 101,727101.7k $10.2m $10.2m 0.05% Reduced -54.1k -54,057
65 Mariner, LLC 0.02% of their portfolio Overland Park, KS 93,95094.0k $9.4m $9.4m 0.02% Added +32.3k +32,299
66 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 93,83893.8k $9.3m $9.3m 0.02% Added +84.9k +84,895
67 Pinnacle Financial Partners Inc 0.19% of their portfolio Nashville, TN 92,94092.9k $9.3m $9.3m 0.19% Reduced -37.5k -37,522
68 Systelligence, LLC 2.24% of their portfolio BLOOMINGTON, MN 91,07991.1k $9.1m $9.1m 2.24% Reduced -11.9k -11,867
69 ARVEST INVESTMENTS, INC. 1.43% of their portfolio LOWELL, AR 89,72389.7k $8.9m $8.9m 1.43% Reduced -1.1k -1,094
70 Blue Oak Capital, LLC 5.35% of their portfolio MENLO PARK, CA 88,48588.5k $8.8m $8.8m 5.35% First filing
71 Atria Wealth Solutions, Inc. 0.09% of their portfolio NEW YORK, NY 85,64685.6k $8.5m $8.5m 0.09% Added +21.9k +21,855
72 Affinity Capital Advisors, LLC 1.56% of their portfolio BERKELEY, CA 84,21584.2k $8.3m $8.3m 1.56% Added +7.8k +7,780
73 SVB WEALTH LLC 0.16% of their portfolio BOSTON, MA 83,98184.0k $8.4m $8.4m 0.16% Added +73.0k +72,993
74 Arrow Financial Corp 0.77% of their portfolio Glens Falls, NY 81,46781.5k $8.1m $8.1m 0.77% Reduced -133.4k -133,382
75 Net Worth Advisory Group 2.46% of their portfolio SANDY, UT 81,44281.4k $8.1m $8.1m 2.46% Added +213 +213
76 1 NORTH WEALTH SERVICES LLC 3.36% of their portfolio ANNAPOLIS, MD 79,76279.8k $7.9m $7.9m 3.36% First filing
77 COLDSTREAM CAPITAL MANAGEMENT INC 0.17% of their portfolio BELLEVUE, WA 79,19879.2k $7.9m $7.9m 0.17% Reduced -2.3k -2,253
78 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.11% of their portfolio ST. LOUIS, MO 76,90676.9k $7.7m $7.7m 0.11% Added +917 +917
79 BlackRock, Inc. 0.00% of their portfolio New York, NY 73,79273.8k $7.3m $7.3m 0.00% Reduced -37.1k -37,101
80 OneDigital Investment Advisors LLC 0.08% of their portfolio OVERLAND PARK, KS 72,96773.0k $7.3m $7.3m 0.08% Added +13.3k +13,275
81 Trek Financial, LLC 0.54% of their portfolio Scottsdale, AZ 72,50372.5k $7.2m $7.2m 0.54% Added +3.3k +3,343
82 Integrated Wealth Concepts LLC 0.08% of their portfolio WALTHAM, MA 70,46570.5k $7.0m $7.0m 0.08% Added +6.2k +6,153
83 Evergreen Private Wealth LLC 3.22% of their portfolio GREENWOOD VILLAGE, CO 68,95169.0k $6.9m $6.9m 3.22% Added +27.9k +27,871
84 Hughes Financial Services, LLC 1.40% of their portfolio HERNDON, VA 68,45268.5k $6.8m $6.8m 1.40% First filing
85 SCOTIA CAPITAL INC. 0.03% of their portfolio TORONTO, A6 64,85964.9k $6.5m $6.5m 0.03% Added +417 +417
86 IHT Wealth Management, LLC 0.20% of their portfolio Chicago, IL 63,50363.5k $6.3m $6.3m 0.20% Added +29.3k +29,272
87 Migdal Insurance & Financial Holdings Ltd. 0.09% of their portfolio Petach Tikva, L3 60,32860.3k $6.0m $6.0m 0.09% Added +32.7k +32,670
88 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 60,19960.2k $6.0m $6.0m 0.00% Added +47.6k +47,642
89 Modern Wealth Management, LLC 0.22% of their portfolio KANSAS CITY, MO 59,18759.2k $5.9m $5.9m 0.22% New
90 Nan Shan Life Insurance Co., Ltd. 0.13% of their portfolio Taipei City, F5 54,70054.7k $5.4m $5.4m 0.13% Unchanged
91 Atria Investments, Inc 0.07% of their portfolio Charlotte, NC 54,25254.3k $5.4m $5.4m 0.07% Added +50 +50
92 Cresta Advisors, Ltd. 3.03% of their portfolio LAREDO, TX 52,92052.9k $5.8m $5.8m 3.03% Unchanged
93 NICOLET BANKSHARES INC 1.02% of their portfolio GREEN BAY, WI 52,73252.7k $5.2m $5.2m 1.02% Added +7.3k +7,291
94 Premier Path Wealth Partners, LLC 0.79% of their portfolio MADISON, NJ 52,30352.3k $5.2m $5.2m 0.79% Added +3.2k +3,163
95 Foundations Investment Advisors, LLC 0.10% of their portfolio PHOENIX, AZ 50,69250.7k $5.0m $5.0m 0.10% Added +5.3k +5,337
96 Prospera Financial Services Inc 0.12% of their portfolio Dallas, TX 50,29750.3k $5.0m $5.0m 0.12% Added +41.8k +41,784
97 AllGen Financial Advisors, Inc. 1.68% of their portfolio ORLANDO, FL 50,23350.2k $5.0m $5.0m 1.68% Reduced -98.5k -98,509
98 Quotient Wealth Partners, LLC 0.16% of their portfolio DALLAS, TX 49,94649.9k $5.0m $5.0m 0.16% Added +7.7k +7,728
99 SPC Financial, Inc. 0.42% of their portfolio ROCKVILLE, MD 48,47548.5k $4.8m $4.8m 0.42% Added +3.6k +3,575
100 AVAII WEALTH MANAGEMENT, LLC 2.32% of their portfolio APPLETON, WI 47,41447.4k $4.7m $4.7m 2.32% Reduced -2.7k -2,704