Vault-13

ISHARES TR IEI

3 7 YR TREAS BD · ETP · CUSIP 464288661

611 institutional holders +26 vs Q1 2023
92,159,45192.2m shares reported held*
$10.7bnreported value*
75 new 227 added 208 reduced 59 sold out net bought ≈ $225.7m (+3.0m 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 ($17.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $115.86. Options: 5 managers hold calls ($331.8m notional), 9 hold puts ($236.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 545Q4 22: 574Q1 23: 585Q2 23: 611611Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022545
Q4 2022574
Q1 2023585
Q2 2023611

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 250 bought or addedQ4 22: 276 cut or sold outQ4 22Q1 23: 300 bought or addedQ1 23: 250 cut or sold outQ1 23Q2 23: 302 bought or addedQ2 23: 267 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022250276
Q1 2023300250
Q2 2023302267

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 22 calls: $156.4mQ3 22 puts: $114.0mQ3 22P/C 0.73Q4 22 calls: $243.2mQ4 22 puts: $280.7mQ4 22P/C 1.15Q1 23 calls: $381.3mQ1 23 puts: $478.5mQ1 23P/C 1.25Q2 23 calls: $331.8mQ2 23 puts: $236.2mQ2 23P/C 0.71
Numbers
QuarterCallsPutsP/C
Q3 2022$156.4m$114.0m0.73
Q4 2022$243.2m$280.7m1.15
Q1 2023$381.3m$478.5m1.25
Q2 2023$331.8m$236.2m0.71

Biggest buyers

WestEnd Advisors, LLC New +1,299,140+1.3m
Cerity Partners LLC Added +1,261,780+1.3m
Johnson Financial Group, Inc. New +1,067,694+1.1m
JPMORGAN CHASE & CO Added +899,859+899.9k
AMERIPRISE FINANCIAL INC Added +728,141+728.1k
Hilton Capital Management, LLC New +562,881+562.9k
UBS Group AG Added +428,473+428.5k
Facet Wealth, Inc. New +359,974+360.0k
BANK OF MONTREAL /CAN/ Added +294,064+294.1k
Voya Financial Advisors, Inc. Added +280,675+280.7k

Biggest sellers

FMR LLC Reduced -1,450,750-1.5m
WestEnd Advisors, LLC Sold out -1,242,034-1.2m
M&T Bank Corp Reduced -889,258-889.3k
BTS Asset Management, Inc. Sold out -806,289-806.3k
BANK OF AMERICA CORP /DE/ Reduced -639,331-639.3k
MORGAN STANLEY Reduced -561,400-561.4k
Fullerton Fund Management Co Ltd. Reduced -449,815-449.8k
JANE STREET GROUP, LLC Reduced -426,170-426.2k
CITADEL ADVISORS LLC Reduced -347,065-347.1k
New York Life Investment Management LLC Sold out -259,700-259.7k

Biggest calls

BANK OF AMERICA CORP /DE/ Added $198.8m1.7m shares
Lombard Odier Asset Management (USA) Corp Reduced $115.3m1.0m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.7m75.3k shares
CITADEL ADVISORS LLC Reduced $7.2m62.7k shares
WOLVERINE TRADING, LLC Added $1.8m15.7k shares

Biggest puts

UBS Group AG New $115.3m1.0m shares
BANK OF AMERICA CORP /DE/ New $43.2m375.0k shares
Parallax Volatility Advisers, L.P. Unchanged $34.6m300.0k shares
BOOTHBAY FUND MANAGEMENT, LLC Reduced $29.1m252.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.9m77.4k shares
CITADEL ADVISORS LLC Reduced $2.9m25.5k shares
IAMS WEALTH MANAGEMENT, LLC New $1.2m10.6k shares
WOLVERINE TRADING, LLC Added $956.4k8.3k shares
HAP Trading, LLC Unchanged $15.9k200.0k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.13% of their portfolio NEW YORK, NY 9,889,3429.9m $1.1bn $1.1bn 0.13% Added +899.9k +899,859
2 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 4,775,5704.8m $550.4m $550.4m 0.07% Reduced -639.3k -639,331
3 Financial Engines Advisors L.L.C. 1.20% of their portfolio SANTA CLARA, CA 4,120,1834.1m $474.9m $474.9m 1.20% Added +243.7k +243,660
4 ENVESTNET ASSET MANAGEMENT INC 0.20% of their portfolio Berwyn, PA 3,972,7384.0m $457.9m $457.9m 0.20% Added +215.0k +214,951
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 2,996,1753.0m $345.3m $345.3m 0.03% Reduced -561.4k -561,400
6 Charles Schwab Investment Advisory, Inc. 0.43% of their portfolio SAN FRANCISCO, CA 2,419,9482.4m $278.9m $278.9m 0.43% Reduced -34.3k -34,261
7 TRUIST FINANCIAL CORP 0.45% of their portfolio CHARLOTTE, NC 2,369,0372.4m $273.1m $273.1m 0.45% Added +133.1k +133,057
8 AMERIPRISE FINANCIAL INC 0.09% of their portfolio MINNEAPOLIS, MN 2,361,7172.4m $272.5m $272.5m 0.09% Added +728.1k +728,141
9 Janney Montgomery Scott LLC 0.91% of their portfolio PHILADELPHIA, PA 2,275,0212.3m $262.2m $262.2m 0.91% Added +103.1k +103,090
10 FMR LLC 0.02% of their portfolio BOSTON, MA 2,235,3042.2m $257.6m $257.6m 0.02% Reduced -1.5m -1,450,750
11 UBS Group AG 0.11% of their portfolio ZURICH, V8 2,104,6342.1m $242.6m $242.6m 0.11% Added +428.5k +428,473
12 Creative Planning 0.32% of their portfolio OVERLAND PARK, KS 2,073,5312.1m $239.0m $239.0m 0.32% Reduced -49.2k -49,177
13 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio SAN FRANCISCO, CA 1,992,2832.0m $229.6m $229.6m 0.07% Reduced -34.1k -34,107
14 Bank Julius Baer & Co. Ltd, Zurich 1.35% of their portfolio ZURICH, V8 1,976,3162.0m $227.8m $227.8m 1.35% Added +64.4k +64,387
15 ASSETMARK, INC 0.86% of their portfolio CONCORD, CA 1,898,0211.9m $218.8m $218.8m 0.86% Reduced -94.6k -94,586
16 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 1,862,6081.9m $214.7m $214.7m 0.06% Added +68.0k +68,026
17 STIFEL FINANCIAL CORP 0.23% of their portfolio ST. LOUIS, MO 1,458,9811.5m $168.2m $168.2m 0.23% Reduced -10.7k -10,697
18 Matson Money. Inc. 5.86% of their portfolio MASON, OH 1,423,4721.4m $164.1m $164.1m 5.86% Added +78.7k +78,693
19 Tanglewood Wealth Management, Inc. 23.22% of their portfolio HOUSTON, TX 1,409,8461.4m $162.4m $162.4m 23.22% Added +1.1k +1,121
20 RAYMOND JAMES & ASSOCIATES 0.13% of their portfolio ST PETERSBURG, FL 1,398,8151.4m $161.2m $161.2m 0.13% Added +53.4k +53,377
21 WestEnd Advisors, LLC 4.41% of their portfolio CHARLOTTE, NC 1,299,1401.3m $149.7m $149.7m 4.41% New
22 Cerity Partners LLC 0.57% of their portfolio NEW YORK, NY 1,273,9361.3m $146.8m $146.8m 0.57% Added +1.3m +1,261,780
23 Mariner, LLC 0.37% of their portfolio Overland Park, KS 1,198,3281.2m $138.1m $138.1m 0.37% Added +38.9k +38,910
24 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 1,084,4761.1m $125.0m $125.0m 0.09% Reduced -34.9k -34,906
25 Johnson Financial Group, Inc. 8.51% of their portfolio RACINE, WI 1,067,6941.1m $123.1m $123.1m 8.51% New
26 FIFTH THIRD BANCORP 0.48% of their portfolio CINCINNATI, OH 948,493948.5k $109.3m $109.3m 0.48% Added +58.6k +58,580
27 BlackRock Inc. 0.00% of their portfolio New York, NY 808,347808.3k $93.2m $93.2m 0.00% Added +77.5k +77,520
28 Voya Financial Advisors, Inc. 10.22% of their portfolio WINDSOR, CT 761,705761.7k $87.8m $87.8m 10.22% Added +280.7k +280,675
29 PNC Financial Services Group, Inc. 0.07% of their portfolio Pittsburgh, PA 699,808699.8k $80.7m $80.7m 0.07% Added +43.6k +43,566
30 M&T Bank Corp 0.28% of their portfolio BUFFALO, NY 639,323639.3k $73.7m $73.7m 0.28% Reduced -889.3k -889,258
31 CANTOR FITZGERALD, L. P. 1.62% of their portfolio NEW YORK, NY 611,483611.5k $70.5m $70.5m 1.62% Reduced -16.5k -16,543
32 Hilton Capital Management, LLC 7.79% of their portfolio Garden City, NY 562,881562.9k $64.9m $64.9m 7.79% New
33 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 526,223526.2k $60.7m $60.7m 0.02% Reduced -30.7k -30,672
34 Bluespring Wealth Management, LLC 7.58% of their portfolio AUSTIN, TX 504,496504.5k $58.1m $58.1m 7.58% Reduced -39.3k -39,305
35 CWA Asset Management Group, LLC 3.69% of their portfolio NAPLES, FL 465,322465.3k $53.6m $53.6m 3.69% Added +45.8k +45,771
36 VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio San Antonio, TX 461,804461.8k $53.2m $53.2m 0.06% Added +15.7k +15,683
37 HUNTINGTON NATIONAL BANK 0.48% of their portfolio COLUMBUS, OH 453,198453.2k $52.2m $52.2m 0.48% Added +57.5k +57,497
38 ANCHOR CAPITAL ADVISORS LLC 1.28% of their portfolio Boston, MA 428,004428.0k $49.3m $49.3m 1.28% Added +45.8k +45,830
39 KEYBANK NATIONAL ASSOCIATION/OH 0.22% of their portfolio BROOKLYN, OH 427,675427.7k $49.3m $49.3m 0.22% Reduced -12.2k -12,178
40 TRAPHAGEN INVESTMENT ADVISORS LLC 6.19% of their portfolio ORADELL, NJ 413,882413.9k $47.7m $47.7m 6.19% Added +11.0k +11,033
41 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 389,331389.3k $45.1m $45.1m 0.02% Added +294.1k +294,064
42 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 379,091379.1k $43.7m $43.7m 0.06% Reduced -426.2k -426,170
43 AE Wealth Management LLC 0.26% of their portfolio TOPEKA, KS 375,385375.4k $43.3m $43.3m 0.26% Reduced -109.2k -109,171
44 Facet Wealth, Inc. 2.10% of their portfolio WEST PALM BEACH, FL 359,974360.0k $41.2m $41.2m 2.10% New
45 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 359,820359.8k $41.4m $41.4m 0.07% Reduced -77.1k -77,091
46 Connectus Wealth, LLC 0.95% of their portfolio CINCINNATI, OH 356,382356.4k $41.1m $41.1m 0.95% Added +100.9k +100,897
47 Pacific Sage Partners, LLC 12.04% of their portfolio EDMONDS, WA 352,985353.0k $40.7m $40.7m 12.04% Added +57.6k +57,565
48 Thrivent Financial for Lutherans 0.09% of their portfolio Minneapolis, MN 345,570345.6k $39.8m $39.8m 0.09% Added +244.6k +244,584
49 EVERGREEN CAPITAL MANAGEMENT LLC 1.64% of their portfolio Bellevue, WA 341,891341.9k $39.4m $39.4m 1.64% Added +84.6k +84,556
50 BUCKINGHAM STRATEGIC WEALTH, LLC 0.56% of their portfolio CLAYTON, MO 340,564340.6k $39.3m $39.3m 0.56% Reduced -20.2k -20,193
51 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 329,264329.3k $38.0m $38.0m 0.07% Added +484 +484
52 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 310,735310.7k $35.8m $35.8m 0.04% Added +189.6k +189,585
53 Orion Porfolio Solutions, LLC 0.35% of their portfolio OMAHA, NE 288,649288.6k $33.3m $33.3m 0.35% Reduced -14.9k -14,859
54 Orion Portfolio Solutions, LLC 0.35% of their portfolio Omaha, NE 288,649288.6k $33.3m $33.3m 0.35% Reduced -14.9k -14,859
55 Allworth Financial LP 0.28% of their portfolio FOLSOM, CA 286,740286.7k $33.0m $33.0m 0.28% Reduced -21.9k -21,891
56 Polaris Wealth Advisory Group, LLC 2.50% of their portfolio SAN RAFAEL, CA 285,640285.6k $32.9m $32.9m 2.50% Reduced -8.1k -8,056
57 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 279,879279.9k $32.3m $32.3m 0.04% Added +24.2k +24,187
58 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 274,498274.5k $31.6m $31.6m 0.02% Reduced -90.0k -89,969
59 Cetera Advisor Networks LLC 0.22% of their portfolio EL SEGUNDO, CA 270,236270.2k $31.1m $31.1m 0.22% Added +55.4k +55,433
60 Allianz Asset Management GmbH 0.06% of their portfolio MUNICH, 2M 267,900267.9k $30.9m $30.9m 0.06% Added +45.0k +45,000
61 Madison Asset Management, LLC 0.44% of their portfolio MADISON, WI 264,026264.0k $30.4m $30.4m 0.44% Added +39.4k +39,370
62 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 250,147250.1k $28.8m $28.8m 0.05% Added +57.9k +57,883
63 PROFFITT & GOODSON INC 5.64% of their portfolio KNOXVILLE, TN 248,195248.2k $28.6m $28.6m 5.64% Added +3.7k +3,730
64 Clarity Financial LLC 4.25% of their portfolio Houston, TX 247,725247.7k $28.6m $28.6m 4.25% New
65 Banco Santander, S.A. 0.37% of their portfolio Madrid, U3 245,765245.8k $28.3m $28.3m 0.37% Added +89.1k +89,142
66 Horizon Investments, LLC 0.80% of their portfolio Charlotte, NC 241,173241.2k $27.7m $27.7m 0.80% Reduced -60.4k -60,412
67 Parkside Advisors LLC 8.08% of their portfolio BERKELEY, CA 226,191226.2k $26.1m $26.1m 8.08% Reduced -18.6k -18,552
68 Strategic Point Investment Advisors, LLC 5.35% of their portfolio PROVIDENCE, RI 226,180226.2k $26.1m $26.1m 5.35% New
69 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.83% of their portfolio NORFOLK, VA 218,085218.1k $25.1m $25.1m 0.83% Reduced -130.7k -130,663
70 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 215,438215.4k $24.8m $24.8m 0.11% Added +142.9k +142,888
71 Trilogy Capital Inc. 1.56% of their portfolio IRVINE, CA 212,603212.6k $24.5m $24.5m 1.56% Reduced -10.1k -10,148
72 One Day In July LLC 4.39% of their portfolio BURLINGTON, VT 210,298210.3k $24.2m $24.2m 4.39% Added +4.1k +4,142
73 High Probability Advisors, LLC 5.18% of their portfolio Pittsford, NY 209,614209.6k $24.2m $24.2m 5.18% Added +15.4k +15,435
74 TD PRIVATE CLIENT WEALTH LLC 1.02% of their portfolio NEW YORK, NY 204,734204.7k $23.6m $23.6m 1.02% Added +32.9k +32,933
75 PFS INVESTMENTS INC. 0.38% of their portfolio DULUTH, GA 200,255200.3k $23.1m $23.1m 0.38% Added +14.4k +14,373
76 Curi Wealth Management, LLC 2.96% of their portfolio Raleigh, NC 189,559189.6k $21.8m $21.8m 2.96% Added +16.9k +16,869
77 Klaas Financial Asset Advisors, LLC 4.85% of their portfolio LOVES PARK, IL 188,701188.7k $21.7m $21.7m 4.85% Added +3.0k +2,988
78 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 187,836187.8k $21.7m $21.7m 0.00% Reduced -1.1k -1,079
79 Beacon Bank & Trust 5.88% of their portfolio Boston, MA 184,717184.7k $21.3m $21.3m 5.88% Added +62.7k +62,744
80 Principle Wealth Partners LLC 2.11% of their portfolio MADISON, CT 182,355182.4k $21.0m $21.0m 2.11% Added +1.8k +1,822
81 HANTZ FINANCIAL SERVICES, INC. 0.51% of their portfolio SOUTHFIELD, MI 175,423175.4k $20.2m $20.2m 0.51% Added +66.1k +66,118
82 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 175,175175.2k $20.2m $20.2m 0.04% Added +8.1k +8,136
83 Highview Capital Management LLC/DE/ 10.57% of their portfolio BUFFALO GROVE, IL 170,264170.3k $19.6m $19.6m 10.57% Added +13.6k +13,603
84 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 168,185168.2k $19.4m $19.4m 0.03% Added +15.2k +15,182
85 Raub Brock Capital Management LP 3.59% of their portfolio LARKSPUR, CA 166,095166.1k $19.1m $19.1m 3.59% Reduced -215 -215
86 Willis Johnson & Associates, Inc. 1.94% of their portfolio Houston, TX 158,069158.1k $18.2m $18.2m 1.94% Added +32.9k +32,913
87 Juniper Hill Capital Management LP 5.89% of their portfolio Menlo Park, CA 153,297153.3k $17.7m $17.7m 5.89% Unchanged
88 Keel Point, LLC 2.35% of their portfolio HUNTSVILLE, AL 152,759152.8k $17.6m $17.6m 2.35% Added +25.2k +25,170
89 ING GROEP NV 0.13% of their portfolio AMSTERDAM, P7 151,800151.8k $17.5m $17.5m 0.13% New
90 DDFG, Inc 6.18% of their portfolio THOUSAND OAKS, CA 145,775145.8k $16.8m $16.8m 6.18% Added +4.4k +4,357
91 Heirloom Wealth Management 7.28% of their portfolio GREENWOOD VILLAGE, CO 145,301145.3k $16.7m $16.7m 7.28% Added +817 +817
92 Pinnacle Financial Partners Inc 0.41% of their portfolio Nashville, TN 141,442141.4k $16.3m $16.3m 0.41% Added +46.1k +46,070
93 Atria Wealth Solutions, Inc. 0.22% of their portfolio NEW YORK, NY 138,871138.9k $16.0m $16.0m 0.22% Added +14.8k +14,773
94 Eley Financial Management, Inc 7.69% of their portfolio SOUTH BURLINGTON, VT 136,979137.0k $15.8m $15.8m 7.69% Added +7.6k +7,642
95 Orange Investment Advisors, Inc. 2.13% of their portfolio GOSHEN, NY 136,449136.4k $15.7m $15.7m 2.13% Reduced -1.1k -1,095
96 Strategic Wealth Partners, Ltd. 2.00% of their portfolio INDEPENDENCE, OH 133,870133.9k $15.4m $15.4m 2.00% Added +7.1k +7,099
97 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.32% of their portfolio BOSTON, MA 131,193131.2k $15.1m $15.1m 0.32% Added +64.3k +64,312
98 CITIZENS FINANCIAL GROUP INC/RI 0.54% of their portfolio PROVIDENCE, RI 129,714129.7k $15.0m $15.0m 0.54% Added +23.4k +23,440
99 CWM, LLC 0.09% of their portfolio OMAHA, NE 129,590129.6k $14.9m $14.9m 0.09% Added +28.1k +28,124
100 NorthCrest Asset Manangement, LLC 0.58% of their portfolio PLYMOUTH, MN 127,699127.7k $14.7m $14.7m 0.58% Added +1.1k +1,124