Vault-13

ISHARES TR SHV

SHORT TREAS BD · ETP · CUSIP 464288679

715 institutional holders +25 vs Q3 2025
85,259,71585.3m shares reported held*
$9.4bnreported value*
56 new 250 added 279 reduced 61 sold out net sold ≈ $299.1m (-2.8m 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 ($9.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $110.27. Options: 1 managers hold calls ($11.0k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 554Q4 22: 596Q1 23: 615Q2 23: 639Q3 23: 656Q4 23: 703Q1 24: 684Q2 24: 679Q3 24: 680Q4 24: 728Q1 25: 729Q2 25: 719Q3 25: 690Q4 25: 715715Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022554
Q4 2022596
Q1 2023615
Q2 2023639
Q3 2023656
Q4 2023703
Q1 2024684
Q2 2024679
Q3 2024680
Q4 2024728
Q1 2025729
Q2 2025719
Q3 2025690
Q4 2025715

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 280 bought or addedQ1 24: 387 cut or sold outQ2 24: 302 bought or addedQ2 24: 324 cut or sold outQ2 24Q3 24: 322 bought or addedQ3 24: 317 cut or sold outQ4 24: 312 bought or addedQ4 24: 324 cut or sold outQ4 24Q1 25: 364 bought or addedQ1 25: 350 cut or sold outQ2 25: 349 bought or addedQ2 25: 335 cut or sold outQ2 25Q3 25: 285 bought or addedQ3 25: 369 cut or sold outQ4 25: 306 bought or addedQ4 25: 340 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024280387
Q2 2024302324
Q3 2024322317
Q4 2024312324
Q1 2025364350
Q2 2025349335
Q3 2025285369
Q4 2025306340

Calls vs puts

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

CallsPuts
$0$5k$10k$15kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $11.0kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$11.0k$00.00

Biggest buyers

LPL Financial LLC Added +479,397+479.4k
MASECO LLP New +340,625+340.6k
OAKWORTH CAPITAL, INC. Added +324,227+324.2k
ZEVIN ASSET MANAGEMENT LLC New +211,520+211.5k
HSBC HOLDINGS PLC Added +192,281+192.3k
STIFEL FINANCIAL CORP Added +164,036+164.0k
Wealthspire Retirement, LLC Added +156,681+156.7k
Able Wealth Management LLC Added +154,913+154.9k
White Lighthouse Investment Management Inc. Added +148,883+148.9k
Focus Partners Wealth Added +144,443+144.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,483,451-1.5m
BlackRock, Inc. Reduced -613,998-614.0k
Cynosure Group, LLC Reduced -559,335-559.3k
WELLS FARGO & COMPANY/MN Reduced -552,343-552.3k
UBS Group AG Reduced -345,462-345.5k
Wealthfront Advisers LLC Reduced -343,212-343.2k
Marks Wealth, LLC Reduced -304,361-304.4k
SG Americas Securities, LLC Sold out -252,175-252.2k
Cambridge Investment Research Advisors, Inc. Sold out -223,814-223.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -198,761-198.8k

Biggest calls

Belvedere Trading LLC New $11.0k100 shares

Biggest puts

None

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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock Portfolio Management LLC 13G · institution -2.5 pts · filed 2026-10-27 7.8% -2.5 pts 16.2m≈ $1.8bn 2026-10-27

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.03% of their portfolio New York, NY 17,948,71217.9m $2.0bn $2.0bn 0.03% Reduced -614.0k -613,998
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 5,973,5256.0m $658.0m $658.0m 0.04% Reduced -572 -572
3 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 4,949,9564.9m $545.2m $545.2m 0.11% Reduced -552.3k -552,343
4 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,104,9943.1m $342.0m $342.0m 0.02% Reduced -90.0k -90,042
5 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 3,063,3423.1m $337.4m $337.4m 0.09% Added +479.4k +479,397
6 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,809,4011.8m $199.3m $199.3m 0.04% Reduced -345.5k -345,462
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.24% of their portfolio PLYMOUTH, MN 1,630,5671.6m $179.7m $179.7m 0.24% Added +126.7k +126,707
8 Wealthfront Advisers LLC 0.40% of their portfolio Palo Alto, CA 1,617,4651.6m $178.2m $178.2m 0.40% Reduced -343.2k -343,212
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,533,7471.5m $168.9m $168.9m 0.01% Reduced -1.5m -1,483,451
10 Wealthspire Retirement, LLC 9.48% of their portfolio ALISO VIEJO, CA 1,416,3211.4m $156.0m $156.0m 9.48% Added +156.7k +156,681
11 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 1,389,5891.4m $153.1m $153.1m 0.05% Added +38.1k +38,067
12 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 1.02% of their portfolio Madrid, U3 1,331,7051.3m $147.0m $147.0m 1.02% Added +86.6k +86,634
13 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,108,5671.1m $122.1m $122.1m 0.04% Added +79.9k +79,900
14 OAKWORTH CAPITAL, INC. 6.09% of their portfolio BIRMINGHAM, AL 1,013,3931.0m $111.6m $111.6m 6.09% Added +324.2k +324,227
15 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 892,597892.6k $98.3m $98.3m 0.02% Reduced -53.3k -53,259
16 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 873,059873.1k $96.2m $96.2m 0.09% Added +164.0k +164,036
17 Trust Co 7.91% of their portfolio MANHATTAN, KS 765,704765.7k $84.3m $84.3m 7.91% Added +1.2k +1,249
18 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 762,509762.5k $84.0m $84.0m 0.09% Reduced -105.9k -105,919
19 Betterment LLC 0.15% of their portfolio NEW YORK, NY 706,145706.1k $77.8m $77.8m 0.15% Reduced -75.7k -75,692
20 ASSETMARK, INC 0.15% of their portfolio CONCORD, CA 686,636686.6k $75.6m $75.6m 0.15% Added +12.7k +12,683
21 Townsend & Associates, Inc 6.14% of their portfolio WESTMINSTER, CO 624,339624.3k $68.9m $68.9m 6.14% Added +9.7k +9,668
22 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 587,530587.5k $64.8m $64.8m 0.01% Added +49.6k +49,646
23 TRUIST FINANCIAL CORP 0.08% of their portfolio CHARLOTTE, NC 562,788562.8k $62.0m $62.0m 0.08% Reduced -778 -778
24 Cynosure Group, LLC 6.26% of their portfolio Salt Lake City, UT 558,429558.4k $61.5m $61.5m 6.26% Reduced -559.3k -559,335
25 Rockefeller Capital Management L.P. 0.10% of their portfolio NEW YORK, NY 528,070528.1k $58.2m $58.2m 0.10% Added +56.2k +56,247
26 Ausdal Financial Partners, Inc. 2.68% of their portfolio Davenport, IA 523,880523.9k $57.7m $57.7m 2.68% Added +75.6k +75,628
27 Hansen & Associates Financial Group, Inc. 29.71% of their portfolio ROSEVILLE, CA 493,478493.5k $54.4m $54.4m 29.71% Reduced -35.4k -35,441
28 COMMONWEALTH EQUITY SERVICES, LLC 0.07% of their portfolio WALTHAM, MA 488,746488.7k $53.8m $53.8m 0.07% Added +5.3k +5,349
29 Global Retirement Partners, LLC 0.95% of their portfolio San Rafael, CA 484,488484.5k $53.4m $53.4m 0.95% Added +85.6k +85,600
30 White Lighthouse Investment Management Inc. 7.26% of their portfolio BEDFORD, MA 472,420472.4k $52.0m $52.0m 7.26% Added +148.9k +148,883
31 Cerity Partners LLC 0.08% of their portfolio NEW YORK, NY 469,143469.1k $51.7m $51.7m 0.08% Reduced -48.5k -48,512
32 Acorns Advisers, LLC 0.39% of their portfolio IRVINE, CA 467,044467.0k $51.4m $51.4m 0.39% Added +13.1k +13,074
33 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 462,066462.1k $50.9m $50.9m 0.01% Added +192.3k +192,281
34 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.28% of their portfolio Stamford, CT 455,567455.6k $50.2m $50.2m 0.28% Added +130.2k +130,230
35 Banco Santander, S.A. 0.37% of their portfolio Madrid, U3 449,776449.8k $49.5m $49.5m 0.37% Added +93.9k +93,871
36 Americana Partners, LLC 1.24% of their portfolio Houston, TX 411,460411.5k $45.3m $45.3m 1.24% Reduced -80.7k -80,744
37 BANK OF NOVA SCOTIA 0.06% of their portfolio TORONTO, A6 396,898396.9k $43.7m $43.7m 0.06% Added +23.8k +23,821
38 True Link Financial Advisors, LLC 2.56% of their portfolio SAN FRANCISCO, CA 382,565382.6k $42.1m $42.1m 2.56% Added +17.0k +17,025
39 Able Wealth Management LLC 12.90% of their portfolio Toms River, NJ 370,179370.2k $40.8m $40.8m 12.90% Added +154.9k +154,913
40 MML INVESTORS SERVICES, LLC 0.10% of their portfolio SPRINGFIELD, MA 369,730369.7k $40.7m $40.7m 0.10% Added +26.2k +26,176
41 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 364,699364.7k $40.2m $40.2m 0.05% Added +144.4k +144,443
42 Foundations Investment Advisors, LLC 0.52% of their portfolio PHOENIX, AZ 356,543356.5k $39.3m $39.3m 0.52% Reduced -118.9k -118,881
43 MASECO LLP 1.63% of their portfolio LONDON, X0 340,625340.6k $37.5m $37.5m 1.63% New
44 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 336,097336.1k $37.0m $37.0m 0.01% Reduced -87.4k -87,410
45 Client First Capital LLC 15.45% of their portfolio SAN DIEGO, CA 328,276328.3k $36.2m $36.2m 15.45% Reduced -9.1k -9,117
46 Bulltick Wealth Management, LLC 7.18% of their portfolio Miami, FL 306,905306.9k $33.8m $33.8m 7.18% Reduced -84.5k -84,479
47 Advisory Services Network, LLC 0.48% of their portfolio ATLANTA, GA 304,917304.9k $33.6m $33.6m 0.48% Reduced -2.6k -2,587
48 LaSalle St. Investment Advisors, LLC 5.37% of their portfolio ELMHURST, IL 302,631302.6k $33.3m $33.3m 5.37% Added +771 +771
49 Family Manage LLC 4.19% of their portfolio NEW YORK, NY 300,859300.9k $33.1m $33.1m 4.19% Reduced -31.4k -31,360
50 OPPENHEIMER & CO INC 0.46% of their portfolio NEW YORK, NY 295,526295.5k $32.6m $32.6m 0.46% Added +19.3k +19,283
51 Concord Wealth Partners 4.18% of their portfolio ABINGDON, VA 291,782291.8k $32.1m $32.1m 4.18% Added +10.2k +10,157
52 Concord Asset Management, LLC/VA 5.38% of their portfolio ABINGDON, VA 282,211282.2k $31.1m $31.1m 5.38% Added +8.5k +8,517
53 Modern Wealth Management, LLC 0.56% of their portfolio KANSAS CITY, MO 277,393277.4k $30.6m $30.6m 0.56% Added +15.9k +15,887
54 Fund Evaluation Group, LLC 0.99% of their portfolio CINCINNATI, OH 271,094271.1k $29.9m $29.9m 0.99% Added +3.8k +3,824
55 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 261,805261.8k $28.8m $28.8m 0.04% Reduced -56.8k -56,798
56 Northwest Quadrant Wealth Management, LLC 5.79% of their portfolio BEND, OR 254,185254.2k $28.0m $28.0m 5.79% Reduced -3.2k -3,225
57 Legacy Advisory Services, LLC 20.25% of their portfolio Exton, PA 244,533244.5k $26.9m $26.9m 20.25% Reduced -7.7k -7,706
58 Allred Capital Management, LLC 9.63% of their portfolio Dallas, TX 241,701241.7k $26.6m $26.6m 9.63% Reduced -15.6k -15,632
59 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 239,356239.4k $26.4m $26.4m 0.03% Added +70.5k +70,461
60 Sulzberger Capital Advisors, Inc. 25.16% of their portfolio MIAMI, FL 226,167226.2k $24.9m $24.9m 25.16% Reduced -5.3k -5,255
61 Summit Financial, LLC 0.36% of their portfolio PARSIPPANY, NJ 225,240225.2k $24.8m $24.8m 0.36% Reduced -499 -499
62 Mullooly Asset Management, Inc. 8.96% of their portfolio WALL TOWNSHIP, NJ 222,468222.5k $24.5m $24.5m 8.96% Added +13.5k +13,527
63 Bull Oak Capital, LLC 9.96% of their portfolio RANCHO SANTA FE, CA 221,264221.3k $24.4m $24.4m 9.96% Added +7.6k +7,575
64 Mariner, LLC 0.03% of their portfolio Overland Park, KS 212,945212.9k $23.5m $23.5m 0.03% Added +52.5k +52,513
65 ZEVIN ASSET MANAGEMENT LLC 3.12% of their portfolio BOSTON, MA 211,520211.5k $23.3m $23.3m 3.12% New
66 Strategic Point Investment Advisors, LLC 3.03% of their portfolio PROVIDENCE, RI 198,740198.7k $21.9m $21.9m 3.03% Added +7.9k +7,892
67 Crescent Grove Advisors, LLC 2.06% of their portfolio LAKE FOREST, IL 196,589196.6k $21.7m $21.7m 2.06% Added +18.7k +18,712
68 Sierra Legacy Group 15.78% of their portfolio Scottsdale, AZ 195,143195.1k $21.5m $21.5m 15.78% Reduced -9.9k -9,948
69 Mascoma Wealth Management LLC 4.60% of their portfolio HANOVER, NH 194,764194.8k $21.5m $21.5m 4.60% Added +6.2k +6,175
70 SIMON QUICK ADVISORS, LLC 0.88% of their portfolio MORRISTOWN, NJ 183,859183.9k $20.3m $20.3m 0.88% Reduced -448 -448
71 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 176,755176.8k $19.5m $19.5m 0.02% Reduced -86.6k -86,586
72 COMERICA BANK 0.08% of their portfolio DALLAS, TX 176,163176.2k $19.4m $19.4m 0.08% Reduced -4.6k -4,620
73 Farther Finance Advisors, LLC 0.20% of their portfolio SAN FRANCISCO, CA 172,022172.0k $18.9m $18.9m 0.20% Added +15.8k +15,766
74 CAPSTONE WEALTH MANAGEMENT GROUP, LLC 7.52% of their portfolio DUNMORE, PA 162,968163.0k $18.0m $18.0m 7.52% Reduced -42.5k -42,518
75 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 162,339162.3k $17.9m $17.9m 0.04% Reduced -54.2k -54,162
76 M. Kulyk & Associates, LLC 3.41% of their portfolio DECATUR, GA 162,149162.1k $17.9m $17.9m 3.41% Added +951 +951
77 KFA Private Wealth Group, LLC 4.24% of their portfolio Tysons, VA 158,095158.1k $17.4m $17.4m 4.24% Added +54.7k +54,724
78 Strategic Wealth Partners, Ltd. 1.16% of their portfolio INDEPENDENCE, OH 154,125154.1k $17.0m $17.0m 1.16% Added +19.3k +19,307
79 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 153,573153.6k $16.9m $16.9m 0.01% Reduced -198.8k -198,761
80 AdvisorNet Financial, Inc 0.90% of their portfolio MINNETONKA, MN 153,207153.2k $16.9m $16.9m 0.90% Added +5.9k +5,921
81 Financial Engines Advisors L.L.C. 0.03% of their portfolio SANTA CLARA, CA 151,479151.5k $16.7m $16.7m 0.03% Reduced -2.7k -2,697
82 Presidio Capital Management, LLC 4.99% of their portfolio SAN DIEGO, CA 150,711150.7k $16.6m $16.6m 4.99% Reduced -4.0k -3,976
83 Lee Financial Co 2.20% of their portfolio Dallas, TX 147,824147.8k $16.3m $16.3m 2.20% Reduced -52.5k -52,483
84 IPG Investment Advisors LLC 2.83% of their portfolio SAN DIEGO, CA 146,375146.4k $16.1m $16.1m 2.83% Added +79.7k +79,725
85 Beacon Pointe Advisors, LLC 0.11% of their portfolio NEWPORT BEACH, CA 145,171145.2k $16.0m $16.0m 0.11% Added +11.2k +11,237
86 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 143,466143.5k $15.8m $15.8m 0.06% Reduced -2.1k -2,108
87 Midwest Professional Planners, LTD. 3.70% of their portfolio WAUSAU, WI 141,726141.7k $15.6m $15.6m 3.70% Reduced -8.4k -8,416
88 Trajan Wealth LLC 0.64% of their portfolio SCOTTSDALE, AZ 139,011139.0k $15.3m $15.3m 0.64% Added +22.5k +22,514
89 NerdWallet Wealth Partners, LLC 6.72% of their portfolio NEW YORK, NY 136,198136.2k $15.0m $15.0m 6.72% Added +54 +54
90 ANCHOR CAPITAL ADVISORS LLC 0.43% of their portfolio Boston, MA 136,116136.1k $15.0m $15.0m 0.43% Reduced -19.0k -18,998
91 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 134,894134.9k $14.9m $14.9m 0.01% Added +84.6k +84,555
92 Fairvoy Private Wealth, LLC 3.30% of their portfolio BIRMINGHAM, AL 133,792133.8k $14.7m $14.7m 3.30% Reduced -2.5k -2,503
93 Smithfield Trust Co 0.65% of their portfolio PITTSBURGH, PA 132,745132.7k $14.6m $14.6m 0.65% Reduced -6.0k -5,956
94 Silicon Valley Capital Partners 1.32% of their portfolio SAN JOSE, CA 131,982132.0k $14.5m $14.5m 1.32% Added +4.9k +4,921
95 GFS Advisors, LLC 1.67% of their portfolio HOUSTON, TX 127,339127.3k $14.0m $14.0m 1.67% Reduced -15.5k -15,529
96 Twelve Points Wealth Management LLC 3.10% of their portfolio CONCORD, MA 124,876124.9k $13.8m $13.8m 3.10% New
97 KWMG, LLC 1.14% of their portfolio OVERLAND PARK, KS 120,581120.6k $13.3m $13.3m 1.14% Reduced -3.4k -3,359
98 BANQUE PICTET & CIE SA 0.13% of their portfolio GENEVA 73, V8 119,075119.1k $13.1m $13.1m 0.13% Added +25.9k +25,930
99 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 117,900117.9k $13.0m $13.0m 0.00% Added +32.9k +32,850
100 Alpha Zero LLC 6.97% of their portfolio BOCA RATON, FL 115,842115.8k $12.8m $12.8m 6.97% Added +5.5k +5,526