Vault-13

ISHARES TR IEI

3 7 YR TREAS BD · ETP · CUSIP 464288661

777 institutional holders +39 vs Q4 2024
110,594,757110.6m shares reported held*
$12.8bnreported value*
101 new 305 added 248 reduced 53 sold out net bought ≈ $625.8m (+7.6m 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 ($9.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $115.51. Options: 8 managers hold calls ($276.4m notional), 5 hold puts ($78.6m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 545Q4 22: 574Q1 23: 585Q2 23: 611Q3 23: 598Q4 23: 667Q1 24: 671Q2 24: 673Q3 24: 729Q4 24: 738Q1 25: 777777Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022545
Q4 2022574
Q1 2023585
Q2 2023611
Q3 2023598
Q4 2023667
Q1 2024671
Q2 2024673
Q3 2024729
Q4 2024738
Q1 2025777

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 23: 302 bought or addedQ2 23: 267 cut or sold outQ3 23: 258 bought or addedQ3 23: 307 cut or sold outQ3 23Q4 23: 319 bought or addedQ4 23: 301 cut or sold outQ1 24: 311 bought or addedQ1 24: 323 cut or sold outQ1 24Q2 24: 329 bought or addedQ2 24: 304 cut or sold outQ3 24: 397 bought or addedQ3 24: 274 cut or sold outQ3 24Q4 24: 345 bought or addedQ4 24: 316 cut or sold outQ1 25: 406 bought or addedQ1 25: 301 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023302267
Q3 2023258307
Q4 2023319301
Q1 2024311323
Q2 2024329304
Q3 2024397274
Q4 2024345316
Q1 2025406301

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 24 calls: $16.3mQ2 24 puts: $206.5mQ2 24P/C 12.66Q3 24 calls: $20.5mQ3 24 puts: $6.6mQ3 24P/C 0.32Q4 24 calls: $135.1mQ4 24 puts: $61.0mQ4 24P/C 0.45Q1 25 calls: $276.4mQ1 25 puts: $78.6mQ1 25P/C 0.28
Numbers
QuarterCallsPutsP/C
Q2 2024$16.3m$206.5m12.66
Q3 2024$20.5m$6.6m0.32
Q4 2024$135.1m$61.0m0.45
Q1 2025$276.4m$78.6m0.28

Biggest buyers

WIT, LLC Added +3,045,465+3.0m
JPMORGAN CHASE & CO Added +1,652,996+1.7m
BANK OF AMERICA CORP /DE/ Added +928,470+928.5k
NATIONAL BANK OF CANADA /FI/ Added +681,364+681.4k
Bank Julius Baer & Co. Ltd, Zurich Added +499,841+499.8k
MORGAN STANLEY Added +417,242+417.2k
Waverly Advisors, LLC Added +303,493+303.5k
CAPTRUST FINANCIAL ADVISORS Added +275,886+275.9k
Dynasty Wealth Management, LLC New +272,960+273.0k
Capitolis Liquid Global Markets LLC New +265,900+265.9k

Biggest sellers

FMR LLC Reduced -1,892,976-1.9m
Focus Partners Wealth Reduced -604,153-604.2k
Tanglewood Wealth Management, Inc. Reduced -393,682-393.7k
Silicon Valley Capital Partners Sold out -285,429-285.4k
SYNOVUS FINANCIAL CORP Reduced -254,841-254.8k
FAS Wealth Partners, Inc. Reduced -249,493-249.5k
CSM Advisors, LLC Reduced -226,700-226.7k
BlackRock, Inc. Reduced -167,672-167.7k
Juniper Hill Capital Management LP Sold out -153,297-153.3k
Mason & Associates Inc Sold out -147,170-147.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $106.1m897.8k shares
MILLENNIUM MANAGEMENT LLC Added $70.9m600.0k shares
WELLS FARGO & COMPANY/MN Reduced $30.3m256.5k shares
BANK OF AMERICA CORP /DE/ New $30.1m255.0k shares
BARCLAYS PLC New $23.6m200.0k shares
CITADEL ADVISORS LLC Added $11.7m98.8k shares
WOLVERINE TRADING, LLC Added $2.2m19.0k shares
JANE STREET GROUP, LLC Reduced $1.5m12.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $39.4m333.9k shares
MILLENNIUM MANAGEMENT LLC Added $29.5m250.0k shares
WELLS FARGO & COMPANY/MN Unchanged $5.9m50.0k shares
CITADEL ADVISORS LLC Reduced $3.7m31.0k shares
Quaker Wealth Management, LLC First filing $4.7k40 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.11% of their portfolio NEW YORK, NY 12,118,30912.1m $1.4bn $1.4bn 0.11% Added +1.7m +1,652,996
2 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 7,729,3347.7m $913.1m $913.1m 0.08% Added +928.5k +928,470
3 Invesco Ltd. 0.14% of their portfolio ATLANTA, GA 6,397,9006.4m $755.8m $755.8m 0.14% Unchanged
4 WIT, LLC 4.78% of their portfolio DISTRICT OF COLUMBIA, DC 4,802,5484.8m $167.8m $167.8m 4.78% Added +3.0m +3,045,465
5 Financial Engines Advisors L.L.C. 1.04% of their portfolio SANTA CLARA, CA 4,101,5264.1m $484.5m $484.5m 1.04% Reduced -65.6k -65,633
6 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 3,747,7473.7m $442.7m $442.7m 0.14% Added +62.5k +62,496
7 CAPTRUST FINANCIAL ADVISORS 1.04% of their portfolio RALEIGH, NC 3,508,5883.5m $414.5m $414.5m 1.04% Added +275.9k +275,886
8 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,165,1283.2m $373.9m $373.9m 0.03% Added +417.2k +417,242
9 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 2,451,5772.5m $289.6m $289.6m 0.08% Added +262.0k +262,017
10 Bank Julius Baer & Co. Ltd, Zurich 0.93% of their portfolio ZURICH, V8 2,421,1672.4m $286.0m $286.0m 0.93% Added +499.8k +499,841
11 Cerity Partners LLC 0.57% of their portfolio NEW YORK, NY 2,329,8572.3m $275.2m $275.2m 0.57% Added +120.9k +120,856
12 ASSETMARK, INC 0.75% of their portfolio CONCORD, CA 2,296,1812.3m $271.3m $271.3m 0.75% Added +148.8k +148,796
13 TRUIST FINANCIAL CORP 0.42% of their portfolio CHARLOTTE, NC 2,219,7342.2m $262.2m $262.2m 0.42% Reduced -33.2k -33,166
14 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 2,076,6822.1m $245.3m $245.3m 0.06% Added +230.3k +230,337
15 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 1,893,5391.9m $223.7m $223.7m 0.09% Added +144.3k +144,253
16 NATIONAL BANK OF CANADA /FI/ 0.26% of their portfolio MONTREAL, A8 1,892,8951.9m $223.6m $223.6m 0.26% Added +681.4k +681,364
17 Janney Montgomery Scott LLC 0.61% of their portfolio PHILADELPHIA, PA 1,811,6651.8m $214.0m $214.0m 0.61% Reduced -34.9k -34,891
18 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,705,5431.7m $201.5m $201.5m 0.04% Reduced -31.9k -31,891
19 Creative Planning 0.17% of their portfolio OVERLAND PARK, KS 1,543,6631.5m $182.4m $182.4m 0.17% Reduced -102.9k -102,851
20 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 1,534,4681.5m $181.3m $181.3m 0.19% Added +38.5k +38,467
21 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 1,383,1921.4m $163.4m $163.4m 0.06% Reduced -48.4k -48,358
22 WestEnd Advisors, LLC 3.57% of their portfolio CHARLOTTE, NC 1,138,4271.1m $134.5m $134.5m 3.57% Reduced -15.0k -15,048
23 FMR LLC 0.01% of their portfolio BOSTON, MA 1,111,5271.1m $131.3m $131.3m 0.01% Reduced -1.9m -1,892,976
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,061,9701.1m $125.5m $125.5m 0.02% Reduced -13.3k -13,264
25 Tanglewood Wealth Management, Inc. 14.10% of their portfolio HOUSTON, TX 1,060,6961.1m $125.3m $125.3m 14.10% Reduced -393.7k -393,682
26 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,034,6631.0m $122.2m $122.2m 0.03% Added +51.5k +51,452
27 HUNTINGTON NATIONAL BANK 0.79% of their portfolio COLUMBUS, OH 920,096920.1k $108.7m $108.7m 0.79% Added +78.8k +78,837
28 Focus Partners Wealth 0.22% of their portfolio ST LOUIS, MO 739,206739.2k $87.3m $87.3m 0.22% Reduced -604.2k -604,153
29 Facet Wealth, Inc. 2.16% of their portfolio WEST PALM BEACH, FL 706,949706.9k $83.4m $83.4m 2.16% Added +40.1k +40,115
30 Strategic Point Investment Advisors, LLC 11.43% of their portfolio PROVIDENCE, RI 580,975581.0k $68.6m $68.6m 11.43% Reduced -3.5k -3,470
31 Clarity Financial LLC 7.81% of their portfolio Houston, TX 574,691574.7k $67.9m $67.9m 7.81% Added +19.4k +19,425
32 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 563,295563.3k $66.5m $66.5m 0.03% Added +22.8k +22,844
33 Bluespring Wealth Management, LLC 6.74% of their portfolio AUSTIN, TX 559,914559.9k $66.1m $66.1m 6.74% Added +19.8k +19,825
34 Johnson Financial Group, Inc. 3.23% of their portfolio RACINE, WI 559,260559.3k $66.1m $66.1m 3.23% Reduced -46.6k -46,628
35 BlackRock, Inc. 0.00% of their portfolio New York, NY 555,979556.0k $65.7m $65.7m 0.00% Reduced -167.7k -167,672
36 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 545,228545.2k $64.4m $64.4m 0.12% Added +167.3k +167,318
37 EVERGREEN CAPITAL MANAGEMENT LLC 2.12% of their portfolio Bellevue, WA 535,161535.2k $63.2m $63.2m 2.12% Added +43.6k +43,618
38 NorthCoast Asset Management LLC 0.28% of their portfolio STAMFORD, CT 473,839473.8k $56.0m $56.0m 0.28% Added +110.4k +110,377
39 Mariner, LLC 0.09% of their portfolio Overland Park, KS 472,558472.6k $55.8m $55.8m 0.09% Reduced -110.5k -110,474
40 Waverly Advisors, LLC 0.68% of their portfolio BIRMINGHAM, AL 469,774469.8k $55.5m $55.5m 0.68% Added +303.5k +303,493
41 CSM Advisors, LLC 2.92% of their portfolio WARRENDALE, PA 453,400453.4k $53.6m $53.6m 2.92% Reduced -226.7k -226,700
42 Curi Capital, LLC 1.32% of their portfolio CHICAGO, IL 452,838452.8k $53.5m $53.5m 1.32% Added +144.3k +144,305
43 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 3.80% of their portfolio NEW YORK, NY 442,124442.1k $52.2m $52.2m 3.80% Added +19.0k +18,970
44 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 437,741437.7k $51.7m $51.7m 0.05% Reduced -526 -526
45 ARMSTRONG ADVISORY GROUP, INC 3.60% of their portfolio NEEDHAM, MA 390,284390.3k $45.1m $45.1m 3.60% Unchanged
46 KEYBANK NATIONAL ASSOCIATION/OH 0.18% of their portfolio BROOKLYN, OH 381,733381.7k $45.1m $45.1m 0.18% Reduced -17.3k -17,345
47 TD PRIVATE CLIENT WEALTH LLC 1.19% of their portfolio NEW YORK, NY 364,598364.6k $43.1m $43.1m 1.19% Reduced -8.8k -8,798
48 Orion Portfolio Solutions, LLC 0.20% of their portfolio Omaha, NE 342,378342.4k $40.0m $40.0m 0.20% Added +177.8k +177,791
49 Capula Management Ltd 0.30% of their portfolio Grand Cayman, E9 340,510340.5k $40.2m $40.2m 0.30% Not comparable
50 DDFG, Inc 10.89% of their portfolio THOUSAND OAKS, CA 332,532332.5k $39.3m $39.3m 10.89% Reduced -12.2k -12,219
51 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 318,560318.6k $37.6m $37.6m 0.01% Added +111.8k +111,822
52 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 301,596301.6k $35.6m $35.6m 0.01% Added +23.0k +22,956
53 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 298,088298.1k $35.2m $35.2m 0.05% Added +25.2k +25,222
54 SkyView Investment Advisors, LLC 5.27% of their portfolio SHREWSBURY, NJ 296,724296.7k $35.1m $35.1m 5.27% Added +32.6k +32,620
55 OneDigital Investment Advisors LLC 0.40% of their portfolio OVERLAND PARK, KS 286,924286.9k $33.9m $33.9m 0.40% Added +5.4k +5,370
56 Dynasty Wealth Management, LLC 0.54% of their portfolio ST. PETERSBURG, FL 272,960273.0k $32.2m $32.2m 0.54% New
57 Capitolis Liquid Global Markets LLC 0.28% of their portfolio NEW YORK, NY 265,900265.9k $31.4m $31.4m 0.28% New
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 261,940261.9k $30.9m $30.9m 0.06% Added +135.4k +135,402
59 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 255,939255.9k $30.2m $30.2m 0.07% Added +41.7k +41,684
60 CABOT WEALTH MANAGEMENT INC 3.78% of their portfolio BEVERLY, MA 251,278251.3k $29.7m $29.7m 3.78% Added +137.1k +137,109
61 SAGESPRING WEALTH PARTNERS, LLC 0.72% of their portfolio FRANKLIN, TN 242,067242.1k $28.6m $28.6m 0.72% New
62 Lido Advisors, LLC 0.17% of their portfolio Los Angeles, CA 237,521237.5k $28.1m $28.1m 0.17% Reduced -82.6k -82,573
63 Klaas Financial Asset Advisors, LLC 4.82% of their portfolio LOVES PARK, IL 236,827236.8k $28.0m $28.0m 4.82% Added +3.2k +3,225
64 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.28% of their portfolio Madrid, U3 232,879232.9k $27.6m $27.6m 0.28% Added +53.6k +53,582
65 Clearstead Advisors, LLC 0.43% of their portfolio CLEVELAND, OH 231,983232.0k $27.4m $27.4m 0.43% Added +177.5k +177,478
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 230,265230.3k $27.2m $27.2m 0.02% Reduced -2.8k -2,776
67 Willis Johnson & Associates, Inc. 2.03% of their portfolio Houston, TX 227,247227.2k $26.8m $26.8m 2.03% Added +6.1k +6,086
68 Banco Santander, S.A. 0.29% of their portfolio Madrid, U3 223,929223.9k $26.5m $26.5m 0.29% Added +3.6k +3,642
69 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 223,311223.3k $26.4m $26.4m 0.04% Reduced -16.3k -16,288
70 Atlas Merchant Capital LLC 65.88% of their portfolio New York, NY 222,222222.2k $26.3m $26.3m 65.88% Unchanged
71 New Harbor Financial Group, LLC 6.62% of their portfolio WORCESTER, MA 210,656210.7k $24.9m $24.9m 6.62% New
72 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 210,210210.2k $24.8m $24.8m 0.03% Reduced -23.5k -23,495
73 MBL Wealth, LLC 2.49% of their portfolio CHARLOTTE, NC 208,387208.4k $24.6m $24.6m 2.49% Added +3.6k +3,618
74 ANCHOR CAPITAL ADVISORS LLC 0.73% of their portfolio Boston, MA 206,849206.8k $24.4m $24.4m 0.73% Added +665 +665
75 Hilton Capital Management, LLC 2.06% of their portfolio Garden City, NY 204,751204.8k $24.2m $24.2m 2.06% Added +75.1k +75,119
76 RWA WEALTH PARTNERS, LLC 0.29% of their portfolio BOSTON, MA 195,684195.7k $23.1m $23.1m 0.29% Reduced -103.8k -103,761
77 Hoese & Co LLP 19.35% of their portfolio GLENCOE, MN 188,909188.9k $22.3m $22.3m 19.35% Reduced -1.4k -1,369
78 LEAVELL INVESTMENT MANAGEMENT, INC. 1.06% of their portfolio MOBILE, AL 181,021181.0k $21.4m $21.4m 1.06% Added +7.2k +7,186
79 Orion Porfolio Solutions, LLC 0.21% of their portfolio OMAHA, NE 177,791177.8k $21.0m $21.0m 0.21% Added +13.2k +13,204
80 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.39% of their portfolio MINNEAPOLIS, MN 175,865175.9k $20.8m $20.8m 0.39% New
81 Checchi Capital Advisers, LLC 1.46% of their portfolio BEVERLY HILLS, CA 174,832174.8k $20.7m $20.7m 1.46% Added +101.0k +101,008
82 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 172,909172.9k $20.4m $20.4m 0.07% Reduced -25.8k -25,824
83 AE Wealth Management LLC 0.17% of their portfolio TOPEKA, KS 169,771169.8k $20.1m $20.1m 0.17% Added +15.7k +15,694
84 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 169,527169.5k $20.0m $20.0m 0.07% Reduced -10.8k -10,774
85 Beacon Bank & Trust 4.76% of their portfolio Boston, MA 165,514165.5k $19.6m $19.6m 4.76% Added +2.9k +2,873
86 AmeriServ Wealth Advisors 11.19% of their portfolio Johnstown, PA 163,884163.9k $19.4m $19.4m 11.19% Reduced -5.7k -5,693
87 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 154,200154.2k $18.2m $18.2m 0.03% Added +23.6k +23,600
88 Gunma Bank,Ltd. 5.71% of their portfolio GUNMA, M0 150,000150.0k $17.7m $17.7m 5.71% Unchanged
89 J. Goldman & Co LP 0.62% of their portfolio NEW YORK, NY 147,360147.4k $17.4m $17.4m 0.62% Added +78.9k +78,910
90 Capital Investment Services of America, Inc. 1.73% of their portfolio MILWAUKEE, WI 144,517144.5k $17.1m $17.1m 1.73% Reduced -1.3k -1,300
91 Madison Asset Management, LLC 0.19% of their portfolio MADISON, WI 143,739143.7k $17.0m $17.0m 0.19% Reduced -96.1k -96,105
92 Watchman Group, Inc. 4.75% of their portfolio PLANO, TX 143,492143.5k $17.0m $17.0m 4.75% New
93 1832 Asset Management L.P. 0.03% of their portfolio TORONTO, A6 141,181141.2k $16.7m $16.7m 0.03% Reduced -3.4k -3,425
94 Haverford Trust Co 0.17% of their portfolio Radnor, PA 139,405139.4k $16.5m $16.5m 0.17% Added +2.4k +2,362
95 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.13% of their portfolio Stamford, CT 138,567138.6k $16.4m $16.4m 0.13% Reduced -260 -260
96 Atria Wealth Solutions, Inc. 0.20% of their portfolio NEW YORK, NY 138,090138.1k $16.3m $16.3m 0.20% Reduced -644 -644
97 CFS Investment Advisory Services, LLC 1.44% of their portfolio TOTOWA, NJ 136,867136.9k $16.2m $16.2m 1.44% Added +2.9k +2,923
98 Mirabaud & Cie SA 5.32% of their portfolio GENEVA, V8 131,926131.9k $15.6m $15.6m 5.32% Added +13.9k +13,935
99 Canal Capital Management, LLC 2.58% of their portfolio Richmond, VA 130,695130.7k $15.4m $15.4m 2.58% Added +12.5k +12,473
100 Stratos Wealth Partners, LTD. 0.23% of their portfolio BEACHWOOD, OH 126,654126.7k $15.0m $15.0m 0.23% Added +118.2k +118,192