Vault-13

ISHARES TR IEI

3 7 YR TREAS BD · ETP · CUSIP 464288661

667 institutional holders +69 vs Q3 2023
100,244,232100.2m shares reported held*
$11.8bnreported value*
105 new 214 added 235 reduced 66 sold out net sold ≈ $237.9m (-2.1m 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 ($1.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $117.87. Options: 6 managers hold calls ($85.0m notional), 6 hold puts ($51.5m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 545Q4 22: 574Q1 23: 585Q2 23: 611Q3 23: 598Q4 23: 667667Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022545
Q4 2022574
Q1 2023585
Q2 2023611
Q3 2023598
Q4 2023667

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 23Q3 23: 258 bought or addedQ3 23: 307 cut or sold outQ3 23Q4 23: 319 bought or addedQ4 23: 301 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022250276
Q1 2023300250
Q2 2023302267
Q3 2023258307
Q4 2023319301

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 23 calls: $381.3mQ1 23 puts: $478.5mQ1 23P/C 1.25Q2 23 calls: $331.8mQ2 23 puts: $236.2mQ2 23P/C 0.71Q3 23 calls: $358.9mQ3 23 puts: $388.3mQ3 23P/C 1.08Q4 23 calls: $85.0mQ4 23 puts: $51.5mQ4 23P/C 0.61
Numbers
QuarterCallsPutsP/C
Q1 2023$381.3m$478.5m1.25
Q2 2023$331.8m$236.2m0.71
Q3 2023$358.9m$388.3m1.08
Q4 2023$85.0m$51.5m0.61

Biggest buyers

JPMORGAN CHASE & CO Added +1,706,183+1.7m
MORGAN STANLEY Added +1,369,659+1.4m
Cerity Partners LLC Added +960,139+960.1k
Marks Wealth, LLC New +309,172+309.2k
Jefferies Financial Group Inc. Added +290,000+290.0k
FMR LLC Added +267,096+267.1k
Banco Santander, S.A. Added +184,217+184.2k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Added +175,375+175.4k
CFO4Life Group, LLC New +150,036+150.0k
Buckingham Capital Management, Inc. Added +144,597+144.6k

Biggest sellers

Mariner, LLC Reduced -1,233,513-1.2m
JANE STREET GROUP, LLC Sold out -925,350-925.4k
BANK OF AMERICA CORP /DE/ Reduced -890,701-890.7k
UBS Group AG Reduced -779,391-779.4k
Tanglewood Wealth Management, Inc. Reduced -549,027-549.0k
CANTOR FITZGERALD, L. P. Sold out -520,708-520.7k
Voya Financial Advisors, Inc. Sold out -474,174-474.2k
GOLDMAN SACHS GROUP INC Reduced -446,858-446.9k
Charles Schwab Investment Advisory, Inc. Reduced -434,379-434.4k
Pacific Sage Partners, LLC Reduced -354,985-355.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $37.6m320.9k shares
BANK OF AMERICA CORP /DE/ Reduced $23.4m200.0k shares
CITADEL ADVISORS LLC Added $20.8m177.5k shares
WOLVERINE TRADING, LLC New $3.1m26.5k shares
Belvedere Trading LLC New $58.6k500 shares
Cutler Group LLC / CA New $15.0k2.9k shares

Biggest puts

BANK OF AMERICA CORP /DE/ Reduced $23.5m200.3k shares
CITADEL ADVISORS LLC Reduced $12.9m110.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.0m67.9k shares
Centiva Capital, LP Unchanged $5.9m50.0k shares
WOLVERINE TRADING, LLC New $1.4m11.6k shares
Cutler Group LLC / CA New $01.8k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.11% of their portfolio NEW YORK, NY 18,814,17818.8m $2.2bn $2.2bn 0.11% Added +1.7m +1,706,183
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 5,002,3265.0m $585.9m $585.9m 0.03% Added +1.4m +1,369,659
3 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 4,994,7525.0m $585.0m $585.0m 0.07% Reduced -890.7k -890,701
4 Financial Engines Advisors L.L.C. 1.15% of their portfolio SANTA CLARA, CA 4,154,0954.2m $486.6m $486.6m 1.15% Reduced -80.9k -80,942
5 ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio Berwyn, PA 3,888,6483.9m $455.5m $455.5m 0.19% Reduced -151.0k -150,957
6 FMR LLC 0.03% of their portfolio BOSTON, MA 3,003,6383.0m $351.8m $351.8m 0.03% Added +267.1k +267,096
7 Charles Schwab Investment Advisory, Inc. 0.47% of their portfolio SAN FRANCISCO, CA 2,784,9982.8m $326.2m $326.2m 0.47% Reduced -434.4k -434,379
8 TRUIST FINANCIAL CORP 0.48% of their portfolio CHARLOTTE, NC 2,600,7092.6m $304.6m $304.6m 0.48% Reduced -26.0k -26,041
9 Cerity Partners LLC 0.87% of their portfolio NEW YORK, NY 2,229,4352.2m $261.1m $261.1m 0.87% Added +960.1k +960,139
10 Janney Montgomery Scott LLC 0.81% of their portfolio PHILADELPHIA, PA 2,136,1672.1m $250.2m $250.2m 0.81% Reduced -65.8k -65,819
11 ASSETMARK, INC 0.89% of their portfolio CONCORD, CA 2,094,3902.1m $245.3m $245.3m 0.89% Added +128.4k +128,421
12 Bank Julius Baer & Co. Ltd, Zurich 1.03% of their portfolio ZURICH, V8 2,078,8192.1m $243.5m $243.5m 1.03% Reduced -24.3k -24,260
13 Creative Planning 0.43% of their portfolio OVERLAND PARK, KS 1,960,3852.0m $229.6m $229.6m 0.43% Reduced -64.0k -64,030
14 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 1,874,5541.9m $219.2m $219.2m 0.07% Reduced -294.5k -294,495
15 UBS Group AG 0.09% of their portfolio ZURICH, V8 1,823,6561.8m $213.6m $213.6m 0.09% Reduced -779.4k -779,391
16 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 1,776,7531.8m $208.1m $208.1m 0.06% Reduced -96.0k -95,995
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 1,692,8501.7m $198.3m $198.3m 0.05% Reduced -65.4k -65,362
18 Matson Money. Inc. 5.73% of their portfolio MASON, OH 1,434,9671.4m $168.1m $168.1m 5.73% Reduced -30.3k -30,338
19 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 1,308,2041.3m $153.2m $153.2m 0.19% Reduced -23.3k -23,306
20 WestEnd Advisors, LLC 4.15% of their portfolio CHARLOTTE, NC 1,292,4291.3m $151.4m $151.4m 4.15% Reduced -27.2k -27,154
21 RAYMOND JAMES & ASSOCIATES 0.11% of their portfolio ST PETERSBURG, FL 1,255,7531.3m $147.1m $147.1m 0.11% Reduced -27.8k -27,843
22 Tanglewood Wealth Management, Inc. 17.25% of their portfolio HOUSTON, TX 1,203,2111.2m $140.9m $140.9m 17.25% Reduced -549.0k -549,027
23 Johnson Financial Group, Inc. 7.56% of their portfolio RACINE, WI 1,179,7671.2m $138.2m $138.2m 7.56% Reduced -46.8k -46,779
24 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,136,3741.1m $133.1m $133.1m 0.08% Added +34.0k +34,037
25 BlackRock Inc. 0.00% of their portfolio New York, NY 1,011,9701.0m $118.5m $118.5m 0.00% Added +111.3k +111,338
26 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 649,953650.0k $76.1m $76.1m 0.02% Added +41.1k +41,069
27 HUNTINGTON NATIONAL BANK 0.67% of their portfolio COLUMBUS, OH 628,778628.8k $73.6m $73.6m 0.67% Added +68.5k +68,494
28 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 542,413542.4k $63.5m $63.5m 0.11% Added +31.8k +31,835
29 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 494,705494.7k $57.9m $57.9m 0.05% Reduced -17.8k -17,772
30 EVERGREEN CAPITAL MANAGEMENT LLC 2.26% of their portfolio Bellevue, WA 472,485472.5k $55.3m $55.3m 2.26% Added +32.6k +32,630
31 Bluespring Wealth Management, LLC 6.54% of their portfolio AUSTIN, TX 471,115471.1k $55.2m $55.2m 6.54% Reduced -26.7k -26,662
32 Facet Wealth, Inc. 2.10% of their portfolio WEST PALM BEACH, FL 470,491470.5k $54.7m $54.7m 2.10% Added +73.6k +73,643
33 M&T Bank Corp 0.20% of their portfolio BUFFALO, NY 461,938461.9k $54.1m $54.1m 0.20% Reduced -25.7k -25,663
34 VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio San Antonio, TX 459,944459.9k $53.9m $53.9m 0.06% Added +1.1k +1,117
35 TRAPHAGEN INVESTMENT ADVISORS LLC 6.03% of their portfolio ORADELL, NJ 438,951439.0k $51.4m $51.4m 6.03% Reduced -2.6k -2,551
36 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 3.72% of their portfolio NEW YORK, NY 410,746410.7k $48.1m $48.1m 3.72% First filing
37 KEYBANK NATIONAL ASSOCIATION/OH 0.21% of their portfolio BROOKLYN, OH 405,915405.9k $47.5m $47.5m 0.21% Reduced -11.4k -11,386
38 BUCKINGHAM STRATEGIC WEALTH, LLC 0.56% of their portfolio CLAYTON, MO 403,006403.0k $47.2m $47.2m 0.56% Added +47.1k +47,057
39 Hilton Capital Management, LLC 4.77% of their portfolio Garden City, NY 379,850379.9k $44.5m $44.5m 4.77% Reduced -93.5k -93,458
40 Strategic Point Investment Advisors, LLC 8.50% of their portfolio PROVIDENCE, RI 375,589375.6k $44.0m $44.0m 8.50% Added +143.7k +143,690
41 ANCHOR CAPITAL ADVISORS LLC 1.14% of their portfolio Boston, MA 368,038368.0k $43.1m $43.1m 1.14% Reduced -29.3k -29,307
42 Banco Santander, S.A. 0.51% of their portfolio Madrid, U3 366,632366.6k $42.9m $42.9m 0.51% Added +184.2k +184,217
43 NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio MONTREAL, A8 365,207365.2k $42.7m $42.7m 0.08% Added +53.7k +53,701
44 AE Wealth Management LLC 0.20% of their portfolio TOPEKA, KS 342,488342.5k $39.9m $39.9m 0.20% Reduced -11.2k -11,194
45 Marks Wealth, LLC 19.46% of their portfolio ELLICOTT CITY, MD 309,172309.2k $36.2m $36.2m 19.46% New
46 Buckingham Capital Management, Inc. 4.71% of their portfolio DAYTON, OH 300,463300.5k $35.2m $35.2m 4.71% Added +144.6k +144,597
47 Jefferies Financial Group Inc. 0.54% of their portfolio NEW YORK, NY 295,550295.6k $34.6m $34.6m 0.54% Added +290.0k +290,000
48 TD PRIVATE CLIENT WEALTH LLC 1.21% of their portfolio NEW YORK, NY 285,833285.8k $33.5m $33.5m 1.21% Added +74.7k +74,713
49 ARMSTRONG ADVISORY GROUP, INC 3.22% of their portfolio NEEDHAM, MA 283,123283.1k $33.2m $33.2m 3.22% Added +75.3k +75,261
50 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 280,008280.0k $32.8m $32.8m 0.03% Reduced -20.5k -20,499
51 Madison Asset Management, LLC 0.40% of their portfolio MADISON, WI 253,536253.5k $29.7m $29.7m 0.40% Reduced -9.2k -9,153
52 Clarity Financial LLC 5.14% of their portfolio Houston, TX 249,751249.8k $29.3m $29.3m 5.14% Added +687 +687
53 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.35% of their portfolio Madrid, U3 249,429249.4k $29.2m $29.2m 0.35% Added +175.4k +175,375
54 Cetera Investment Advisers 0.23% of their portfolio SCHAUMBURG, IL 241,544241.5k $28.3m $28.3m 0.23% Added +52.4k +52,418
55 Orion Porfolio Solutions, LLC 0.32% of their portfolio OMAHA, NE 238,671238.7k $27.8m $27.8m 0.32% Reduced -25.6k -25,604
56 Orion Portfolio Solutions, LLC 0.32% of their portfolio Omaha, NE 238,671238.7k $27.8m $27.8m 0.32% Reduced -25.6k -25,604
57 Parkside Advisors LLC 7.56% of their portfolio BERKELEY, CA 233,146233.1k $27.3m $27.3m 7.56% Added +11.9k +11,927
58 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 231,214231.2k $27.1m $27.1m 0.05% Reduced -69.8k -69,768
59 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 221,092221.1k $25.9m $25.9m 0.12% Added +48.6k +48,580
60 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 216,840216.8k $25.4m $25.4m 0.05% Added +673 +673
61 Connectus Wealth, LLC 0.51% of their portfolio CINCINNATI, OH 214,537214.5k $25.2m $25.2m 0.51% Reduced -100.1k -100,125
62 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 212,074212.1k $24.8m $24.8m 0.04% Reduced -90.1k -90,123
63 Trilogy Capital Inc. 1.52% of their portfolio IRVINE, CA 210,305210.3k $24.6m $24.6m 1.52% Reduced -25.5k -25,488
64 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 209,531209.5k $24.5m $24.5m 0.02% Added +141.3k +141,326
65 DDFG, Inc 8.22% of their portfolio THOUSAND OAKS, CA 207,321207.3k $24.3m $24.3m 8.22% Added +88 +88
66 High Probability Advisors, LLC 4.89% of their portfolio Pittsford, NY 206,792206.8k $24.2m $24.2m 4.89% Reduced -10.2k -10,194
67 Allianz Asset Management GmbH 0.04% of their portfolio MUNICH, 2M 204,800204.8k $24.0m $24.0m 0.04% Reduced -53.1k -53,100
68 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 197,257197.3k $23.1m $23.1m 0.04% Added +1.9k +1,933
69 Klaas Financial Asset Advisors, LLC 4.81% of their portfolio LOVES PARK, IL 196,716196.7k $23.0m $23.0m 4.81% Added +4.2k +4,198
70 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 187,241187.2k $21.9m $21.9m 0.03% Reduced -2.6k -2,592
71 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 187,061187.1k $21.9m $21.9m 0.06% Added +4.1k +4,112
72 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 186,727186.7k $21.9m $21.9m 0.01% Added +57.7k +57,727
73 One Day In July LLC 3.29% of their portfolio BURLINGTON, VT 185,516185.5k $21.7m $21.7m 3.29% Reduced -25.5k -25,509
74 FIRST FINANCIAL BANK - TRUST DIVISION 2.17% of their portfolio HAMILTON, OH 182,199182.2k $21.3m $21.3m 2.17% Added +1.1k +1,087
75 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 180,668180.7k $21.2m $21.2m 0.00% Reduced -278 -278
76 HANTZ FINANCIAL SERVICES, INC. 0.45% of their portfolio SOUTHFIELD, MI 176,723176.7k $20.7m $20.7m 0.45% Reduced -15.6k -15,613
77 Keel Point, LLC 2.47% of their portfolio HUNTSVILLE, AL 176,449176.4k $20.7m $20.7m 2.47% Added +11.5k +11,490
78 Curi Wealth Management, LLC 2.80% of their portfolio Raleigh, NC 173,270173.3k $20.3m $20.3m 2.80% Added +1.3k +1,328
79 Beacon Bank & Trust 5.37% of their portfolio Boston, MA 173,203173.2k $20.3m $20.3m 5.37% Reduced -4.2k -4,206
80 MBL Wealth, LLC 2.48% of their portfolio CHARLOTTE, NC 169,389169.4k $19.8m $19.8m 2.48% Added +19.8k +19,819
81 Juniper Hill Capital Management LP 4.96% of their portfolio Menlo Park, CA 153,297153.3k $18.0m $18.0m 4.96% Unchanged
82 Willis Johnson & Associates, Inc. 1.69% of their portfolio Houston, TX 150,210150.2k $17.6m $17.6m 1.69% Reduced -23.0k -22,998
83 CFO4Life Group, LLC 3.36% of their portfolio COPPELL, TX 150,036150.0k $17.6m $17.6m 3.36% New
84 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 149,968150.0k $17.6m $17.6m 0.00% Reduced -57.9k -57,876
85 Raub Brock Capital Management LP 3.68% of their portfolio LARKSPUR, CA 149,908149.9k $17.6m $17.6m 3.68% Reduced -18.1k -18,141
86 CITIZENS FINANCIAL GROUP INC/RI 0.58% of their portfolio PROVIDENCE, RI 144,345144.3k $16.9m $16.9m 0.58% Added +142.3k +142,277
87 Strategic Wealth Partners, Ltd. 2.08% of their portfolio INDEPENDENCE, OH 144,298144.3k $16.9m $16.9m 2.08% Added +540 +540
88 Capital Investment Services of America, Inc. 1.67% of their portfolio MILWAUKEE, WI 136,177136.2k $16.0m $16.0m 1.67% Added +18.4k +18,430
89 NewEdge Advisors, LLC 0.15% of their portfolio NEW ORLEANS, LA 134,992135.0k $15.7m $15.7m 0.15% Added +43.4k +43,442
90 1832 Asset Management L.P. 0.03% of their portfolio TORONTO, A6 133,350133.3k $15.6m $15.6m 0.03% Reduced -5.7k -5,734
91 Pinnacle Financial Partners Inc 0.37% of their portfolio Nashville, TN 133,036133.0k $15.6m $15.6m 0.37% Reduced -19.2k -19,246
92 Atria Wealth Solutions, Inc. 0.19% of their portfolio NEW YORK, NY 129,985130.0k $15.2m $15.2m 0.19% Reduced -5.8k -5,766
93 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.44% of their portfolio NORFOLK, VA 123,072123.1k $14.4m $14.4m 0.44% Added +98.3k +98,254
94 Krilogy Financial LLC 1.22% of their portfolio ST. LOUIS, MO 122,687122.7k $14.4m $14.4m 1.22% Added +110.4k +110,360
95 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.31% of their portfolio BOSTON, MA 120,010120.0k $14.1m $14.1m 0.31% Added +1.1k +1,127
96 Mirabaud & Cie SA 4.66% of their portfolio GENEVA, V8 119,442119.4k $14.0m $14.0m 4.66% First filing
97 Haverford Trust Co 0.15% of their portfolio Radnor, PA 119,121119.1k $14.0m $14.0m 0.15% Added +4.4k +4,448
98 Envestnet Portfolio Solutions, Inc. 0.06% of their portfolio BERWYN, PA 118,402118.4k $13.9m $13.9m 0.06% Reduced -17.9k -17,889
99 Capital Investment Advisory Services, LLC 1.27% of their portfolio RALEIGH, NC 116,508116.5k $13.6m $13.6m 1.27% Added +270 +270
100 LEAVELL INVESTMENT MANAGEMENT, INC. 0.86% of their portfolio MOBILE, AL 115,441115.4k $13.5m $13.5m 0.86% Added +35.2k +35,231