Vault-13

ISHARES TR PFF

PFD AND INCM SEC · ETP · CUSIP 464288687

967 institutional holders +11 vs Q1 2023
161,681,142161.7m shares reported held*
$5.0bnreported value*
70 new 321 added 407 reduced 74 sold out net bought ≈ $92.4m (+2.9m 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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.98. Options: 6 managers hold calls ($14.6m notional), 5 hold puts ($14.9m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 954Q4 22: 980Q1 23: 956Q2 23: 967967Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022954
Q4 2022980
Q1 2023956
Q2 2023967

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 332 bought or addedQ4 22: 564 cut or sold outQ4 22Q1 23: 407 bought or addedQ1 23: 480 cut or sold outQ1 23Q2 23: 391 bought or addedQ2 23: 481 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022332564
Q1 2023407480
Q2 2023391481

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ3 22 calls: $20.7mQ3 22 puts: $69.3mQ3 22P/C 3.35Q4 22 calls: $8.9mQ4 22 puts: $66.7mQ4 22P/C 7.47Q1 23 calls: $11.7mQ1 23 puts: $46.8mQ1 23P/C 3.99Q2 23 calls: $14.6mQ2 23 puts: $14.9mQ2 23P/C 1.02
Numbers
QuarterCallsPutsP/C
Q3 2022$20.7m$69.3m3.35
Q4 2022$8.9m$66.7m7.47
Q1 2023$11.7m$46.8m3.99
Q2 2023$14.6m$14.9m1.02

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,453,338+1.5m
Ocean Park Asset Management, LLC New +1,087,178+1.1m
Dakota Wealth Management Added +1,010,275+1.0m
CITIGROUP INC Added +528,559+528.6k
BlueCrest Capital Management Ltd New +433,122+433.1k
Corient Private Wealth LP Added +353,596+353.6k
PINEBRIDGE INVESTMENTS, L.P. New +326,508+326.5k
ForthRight Wealth Management, LLC New +301,648+301.6k
DAVIDSON INVESTMENT ADVISORS New +273,056+273.1k
Hilton Capital Management, LLC Added +260,722+260.7k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -1,346,015-1.3m
FUKOKU MUTUAL LIFE INSURANCE Co Reduced -567,500-567.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -469,292-469.3k
Quaker Wealth Management, LLC Sold out -407,028-407.0k
WELLS FARGO & COMPANY/MN Reduced -360,086-360.1k
JPMORGAN CHASE & CO Reduced -353,285-353.3k
FIFTH THIRD BANCORP Reduced -275,081-275.1k
LPL Financial LLC Reduced -271,577-271.6k
Taconic Capital Advisors LP Reduced -265,000-265.0k
SVB WEALTH LLC Reduced -263,205-263.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.9m254.9k shares
CITADEL ADVISORS LLC Reduced $5.3m170.5k shares
WOLVERINE TRADING, LLC Reduced $971.6k31.7k shares
CAPITAL FUND MANAGEMENT S.A. New $482.5k15.6k shares
Cutler Group LLC / CA Added $2.0k5.8k shares
HAP Trading, LLC Reduced $1.9k15.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.7m378.5k shares
CITADEL ADVISORS LLC Added $2.2m71.4k shares
WOLVERINE TRADING, LLC Reduced $1.0m33.0k shares
Cutler Group LLC / CA Reduced $7.0k16.3k shares
HAP Trading, LLC Reduced $3.9k20.1k 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 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 17,463,70317.5m $540.2m $540.2m 0.06% Added +1.5m +1,453,338
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 12,596,19412.6m $389.6m $389.6m 0.04% Added +254.5k +254,498
3 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 6,559,9116.6m $202.9m $202.9m 0.06% Reduced -360.1k -360,086
4 UBS Group AG 0.07% of their portfolio ZURICH, V8 5,190,3595.2m $160.5m $160.5m 0.07% Added +174.6k +174,602
5 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 4,659,3654.7m $144.1m $144.1m 0.06% Reduced -469.3k -469,292
6 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 4,634,0684.6m $143.3m $143.3m 0.10% Reduced -271.6k -271,577
7 AOZORA BANK, LTD. 46.28% of their portfolio TOKYO, M0 4,460,0004.5m $137.9m $137.9m 46.28% Unchanged
8 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 3,656,4003.7m $113.1m $113.1m 0.03% Added +103.6k +103,639
9 BlackRock Inc. 0.00% of their portfolio New York, NY 3,082,3753.1m $95.3m $95.3m 0.00% Reduced -55.6k -55,642
10 Mariner, LLC 0.25% of their portfolio Overland Park, KS 2,981,8823.0m $92.2m $92.2m 0.25% Added +216.6k +216,569
11 US BANCORP \DE\ 0.12% of their portfolio MINNEAPOLIS, MN 2,396,7382.4m $74.1m $74.1m 0.12% Reduced -132.1k -132,143
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 2,236,9242.2m $69.2m $69.2m 0.09% Added +33.8k +33,755
13 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,992,0522.0m $61.6m $61.6m 0.02% Reduced -1.3m -1,346,015
14 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,948,1351.9m $60.3m $60.3m 0.02% Added +88.2k +88,195
15 COMMONWEALTH EQUITY SERVICES, LLC 0.11% of their portfolio WALTHAM, MA 1,787,9161.8m $55.3m $55.3m 0.11% Reduced -52.7k -52,711
16 FIFTH THIRD BANCORP 0.24% of their portfolio CINCINNATI, OH 1,780,9411.8m $55.1m $55.1m 0.24% Reduced -275.1k -275,081
17 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 1,723,9461.7m $53.3m $53.3m 0.09% Reduced -30.4k -30,445
18 SVB WEALTH LLC 0.94% of their portfolio BOSTON, MA 1,673,7451.7m $51.8m $51.8m 0.94% Reduced -263.2k -263,205
19 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 1,654,4891.7m $51.2m $51.2m 0.09% Reduced -238.1k -238,102
20 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 1,557,7981.6m $48.2m $48.2m 0.03% Added +36.7k +36,748
21 Rockefeller Capital Management L.P. 0.18% of their portfolio NEW YORK, NY 1,536,4621.5m $47.5m $47.5m 0.18% First filing
22 Edge Wealth Management LLC 10.36% of their portfolio NEW YORK, NY 1,535,0731.5m $47.5m $47.5m 10.36% Reduced -26.8k -26,770
23 KEYBANK NATIONAL ASSOCIATION/OH 0.18% of their portfolio BROOKLYN, OH 1,273,3381.3m $39.4m $39.4m 0.18% Reduced -26.3k -26,311
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,220,1081.2m $37.7m $37.7m 0.00% Reduced -353.3k -353,285
25 TRUE Private Wealth Advisors 5.23% of their portfolio Salem, OR 1,144,0431.1m $35.4m $35.4m 5.23% Added +165.8k +165,846
26 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.95% of their portfolio MINNEAPOLIS, MN 1,100,5701.1m $34.0m $34.0m 0.95% Reduced -43.1k -43,133
27 SP Asset Management LLC 3.76% of their portfolio CUPERTINO, CA 1,089,1821.1m $33.7m $33.7m 3.76% Reduced -31.0k -31,004
28 Ocean Park Asset Management, LLC 1.15% of their portfolio SANTA MONICA, CA 1,087,1781.1m $33.6m $33.6m 1.15% New
29 Dakota Wealth Management 1.51% of their portfolio PALM BEACH GARDENS, FL 1,037,2491.0m $32.1m $32.1m 1.51% Added +1.0m +1,010,275
30 Janney Montgomery Scott LLC 0.11% of their portfolio PHILADELPHIA, PA 982,602982.6k $30.4m $30.4m 0.11% Reduced -87.8k -87,789
31 STEPHENS INC /AR/ 0.52% of their portfolio LITTLE ROCK, AR 943,107943.1k $29.2m $29.2m 0.52% Added +7.3k +7,335
32 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.88% of their portfolio TOKYO, M0 891,181891.2k $27.6m $27.6m 0.88% Reduced -40.2k -40,237
33 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 874,053874.1k $27.0m $27.0m 0.05% Reduced -204.7k -204,682
34 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 863,824863.8k $26.7m $26.7m 0.03% Added +528.6k +528,559
35 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 862,217862.2k $26.7m $26.7m 0.01% Added +90.9k +90,876
36 Insight Wealth Strategies, LLC 5.04% of their portfolio SAN RAMON, CA 851,632851.6k $26.3m $26.3m 5.04% Added +14.9k +14,907
37 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 849,316849.3k $26.3m $26.3m 0.05% Reduced -3.6k -3,646
38 Welch & Forbes LLC 0.38% of their portfolio Boston, MA 784,752784.8k $24.3m $24.3m 0.38% Reduced -47.2k -47,213
39 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 776,490776.5k $24.0m $24.0m 0.11% Reduced -18.6k -18,572
40 CW Advisors, LLC 0.51% of their portfolio BOSTON, MA 704,637704.6k $21.8m $21.8m 0.51% Reduced -15.9k -15,936
41 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 653,427653.4k $20.2m $20.2m 0.05% Added +353.6k +353,596
42 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 640,522640.5k $19.8m $19.8m 0.02% Added +32.7k +32,657
43 Strategic Wealth Investment Group, LLC 2.99% of their portfolio LOUISVILLE, KY 609,276609.3k $18.8m $18.8m 2.99% Added +100.0k +100,050
44 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 596,938596.9k $18.5m $18.5m 0.05% Reduced -7.6k -7,632
45 Cetera Advisor Networks LLC 0.12% of their portfolio EL SEGUNDO, CA 579,028579.0k $17.9m $17.9m 0.12% Added +43.7k +43,731
46 COUNTRY TRUST BANK 0.48% of their portfolio Bloomington, IL 568,984569.0k $17.6m $17.6m 0.48% Unchanged
47 FUKOKU MUTUAL LIFE INSURANCE Co 1.65% of their portfolio TOKYO, M0 567,500567.5k $17.6m $17.6m 1.65% Reduced -567.5k -567,500
48 Pallas Capital Advisors LLC 0.78% of their portfolio BRAINTREE, MA 563,967564.0k $17.3m $17.3m 0.78% Added +177.0k +176,993
49 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 563,046563.0k $17.4m $17.4m 0.02% Reduced -70.4k -70,425
50 Summit Financial Wealth Advisors, LLC 3.97% of their portfolio Lafayette, LA 555,055555.1k $17.2m $17.2m 3.97% Added +39.0k +39,030
51 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 532,741532.7k $16.5m $16.5m 0.03% Added +39.0k +39,031
52 RS CRUM INC. 5.86% of their portfolio Newport Beach, CA 524,123524.1k $16.2m $16.2m 5.86% Added +12.7k +12,701
53 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 522,374522.4k $16.2m $16.2m 0.09% Reduced -12.9k -12,880
54 Family Investment Center, Inc. 10.21% of their portfolio Saint Joseph, MO 515,823515.8k $16.0m $16.0m 10.21% Reduced -462 -462
55 Regal Investment Advisors LLC 1.28% of their portfolio KENTWOOD, MI 494,152494.2k $15.3m $15.3m 1.28% Added +27.7k +27,696
56 SYNOVUS FINANCIAL CORP 0.17% of their portfolio Columbus, GA 493,531493.5k $15.3m $15.3m 0.17% Reduced -34.0k -34,030
57 BOKF, NA 0.31% of their portfolio TULSA, OK 489,652489.7k $15.1m $15.1m 0.31% Reduced -9.3k -9,265
58 REBALANCE, LLC 1.39% of their portfolio PALO ALTO, CA 474,975475.0k $14.7m $14.7m 1.39% Reduced -7.0k -7,025
59 Wharton Business Group, LLC 0.97% of their portfolio MALVERN, PA 473,740473.7k $14.7m $14.7m 0.97% Added +7.0k +6,970
60 FULTON BREAKEFIELD BROENNIMAN LLC 1.17% of their portfolio Bethesda, MD 456,702456.7k $14.1m $14.1m 1.17% Added +17.6k +17,646
61 TOBIAS FINANCIAL ADVISORS, INC. 3.80% of their portfolio Plantation, FL 456,468456.5k $14.1m $14.1m 3.80% Added +22.2k +22,235
62 BlueCrest Capital Management Ltd 1.75% of their portfolio ST HELIER, Y9 433,122433.1k $13.4m $13.4m 1.75% New
63 ADVISORS MANAGEMENT GROUP INC /ADV 3.87% of their portfolio LA CROSSE, WI 419,891419.9k $13.0m $13.0m 3.87% Added +3.3k +3,260
64 Kestra Advisory Services, LLC 0.13% of their portfolio AUSTIN, TX 411,282411.3k $12.7m $12.7m 0.13% Added +27.9k +27,896
65 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 398,394398.4k $12.3m $12.3m 0.05% Reduced -33.2k -33,247
66 Jaffetilchin Investment Partners, LLC 1.29% of their portfolio TAMPA, FL 396,348396.3k $12.3m $12.3m 1.29% Added +66.5k +66,530
67 CONNING INC. 0.40% of their portfolio HARTFORD, CT 390,500390.5k $12.1m $12.1m 0.40% Unchanged
68 COHEN & STEERS, INC. 0.03% of their portfolio NEW YORK, NY 384,768384.8k $11.9m $11.9m 0.03% Added +243.3k +243,261
69 Northside Capital Management, LLC 4.01% of their portfolio Hood River, OR 374,601374.6k $11.6m $11.6m 4.01% Added +158.5k +158,507
70 AE Wealth Management LLC 0.07% of their portfolio TOPEKA, KS 374,600374.6k $11.6m $11.6m 0.07% Added +56.0k +55,967
71 Bard Financial Services, Inc. 0.86% of their portfolio BRANFORD, CT 367,120367.1k $11.4m $11.4m 0.86% Reduced -123.0k -123,040
72 CIBC Private Wealth Group LLC 0.01% of their portfolio ATLANTA, GA 355,631355.6k $11.0m $11.0m 0.01% Reduced -6.5k -6,499
73 Baker Avenue Asset Management, LP 0.55% of their portfolio SAN FRANCISCO, CA 354,332354.3k $11.0m $11.0m 0.55% Added +14.3k +14,314
74 Crewe Advisors LLC 1.48% of their portfolio SALT LAKE CITY, UT 340,545340.5k $10.5m $10.5m 1.48% Added +29.8k +29,833
75 Hilton Capital Management, LLC 1.26% of their portfolio Garden City, NY 340,385340.4k $10.5m $10.5m 1.26% Added +260.7k +260,722
76 Pure Financial Advisors, LLC 0.44% of their portfolio SAN DIEGO, CA 338,124338.1k $10.5m $10.5m 0.44% Added +30.6k +30,603
77 Montis Financial, LLC 6.84% of their portfolio WALTHAM, MA 335,510335.5k $10.4m $10.4m 6.84% Added +229.3k +229,294
78 EXENCIAL WEALTH ADVISORS, LLC 0.47% of their portfolio OKLAHOMA CITY, OK 333,556333.6k $10.3m $10.3m 0.47% Reduced -17.4k -17,410
79 PINEBRIDGE INVESTMENTS, L.P. 0.11% of their portfolio NEW YORK, NY 326,508326.5k $10.1m $10.1m 0.11% New
80 Parkside Investments, LLC 1.84% of their portfolio DEERFIELD, IL 318,768318.8k $9.9m $9.9m 1.84% Added +4.1k +4,104
81 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 317,571317.6k $9.8m $9.8m 0.02% Reduced -223.5k -223,489
82 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 310,763310.8k $9.6m $9.6m 0.08% Reduced -20.7k -20,714
83 MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio DENVER, CO 305,795305.8k $9.5m $9.5m 0.04% Added +109 +109
84 Sowa Financial Group, Inc. 6.42% of their portfolio LINCOLN, RI 302,589302.6k $9.4m $9.4m 6.42% Reduced -4.0k -3,958
85 ForthRight Wealth Management, LLC 3.90% of their portfolio ALPHARETTA, GA 301,648301.6k $9.3m $9.3m 3.90% New
86 Ballast, Inc. 3.57% of their portfolio Lexington, KY 301,188301.2k $9.3m $9.3m 3.57% Added +7.7k +7,697
87 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 300,422300.4k $9.3m $9.3m 0.01% Reduced -6.2k -6,166
88 Atria Wealth Solutions, Inc. 0.13% of their portfolio NEW YORK, NY 299,538299.5k $9.3m $9.3m 0.13% Added +9.1k +9,065
89 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 295,138295.1k $9.1m $9.1m 0.01% Added +56.0k +55,995
90 Falcon Wealth Planning 2.02% of their portfolio Ontario, CA 293,015293.0k $9.1m $9.1m 2.02% Added +38.3k +38,340
91 GREENWOOD CAPITAL ASSOCIATES LLC 1.21% of their portfolio GREENWOOD, SC 278,862278.9k $8.6m $8.6m 1.21% Added +29 +29
92 NewEdge Wealth, LLC 0.29% of their portfolio STAMFORD, CT 277,404277.4k $8.6m $8.6m 0.29% Added +157.7k +157,693
93 DAVIDSON INVESTMENT ADVISORS 0.53% of their portfolio GREAT FALLS, MT 273,056273.1k $8.4m $8.4m 0.53% New
94 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 272,228272.2k $8.4m $8.4m 0.03% Added +39.9k +39,945
95 GDS Wealth Management 1.35% of their portfolio FLOWER MOUND, TX 269,259269.3k $8.3m $8.3m 1.35% Added +19.6k +19,567
96 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 266,948266.9k $8.3m $8.3m 0.01% Reduced -12.8k -12,793
97 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 262,115262.1k $8.1m $8.1m 0.07% Added +22.1k +22,112
98 AMG National Trust Bank 0.27% of their portfolio GREENWOOD VILLAGE, CO 261,386261.4k $8.1m $8.1m 0.27% Reduced -21.0k -21,004
99 Cetera Advisors LLC 0.13% of their portfolio DENVER, CO 260,717260.7k $8.1m $8.1m 0.13% Reduced -7.2k -7,205
100 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 260,255260.3k $8.0m $8.0m 0.00% Added +715 +715