Vault-13

ISHARES TR PFF

PFD AND INCM SEC · ETP · CUSIP 464288687

1,012 institutional holders -36 vs Q1 2024
180,579,318180.6m shares reported held*
$5.7bnreported value*
59 new 379 added 401 reduced 95 sold out net sold ≈ $1.4bn (-44.5m 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 ($5.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.39. Options: 3 managers hold calls ($11.7m notional), 7 hold puts ($40.6m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 954Q4 22: 980Q1 23: 956Q2 23: 967Q3 23: 964Q4 23: 1,037Q1 24: 1,048Q2 24: 1,0121,012Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022954
Q4 2022980
Q1 2023956
Q2 2023967
Q3 2023964
Q4 20231,037
Q1 20241,048
Q2 20241,012

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 outQ2 23: 391 bought or addedQ2 23: 481 cut or sold outQ2 23Q3 23: 406 bought or addedQ3 23: 481 cut or sold outQ4 23: 428 bought or addedQ4 23: 509 cut or sold outQ4 23Q1 24: 482 bought or addedQ1 24: 473 cut or sold outQ2 24: 438 bought or addedQ2 24: 496 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022332564
Q1 2023407480
Q2 2023391481
Q3 2023406481
Q4 2023428509
Q1 2024482473
Q2 2024438496

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 23 calls: $17.0mQ3 23 puts: $12.0mQ3 23P/C 0.71Q4 23 calls: $16.6mQ4 23 puts: $16.6mQ4 23P/C 1.00Q1 24 calls: $14.5mQ1 24 puts: $24.0mQ1 24P/C 1.65Q2 24 calls: $11.7mQ2 24 puts: $40.6mQ2 24P/C 3.46
Numbers
QuarterCallsPutsP/C
Q3 2023$17.0m$12.0m0.71
Q4 2023$16.6m$16.6m1.00
Q1 2024$14.5m$24.0m1.65
Q2 2024$11.7m$40.6m3.46

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC New +1,555,917+1.6m
BANK OF AMERICA CORP /DE/ Added +1,389,616+1.4m
Strategic Financial Concepts, LLC Added +1,022,267+1.0m
Redwood Investment Management, LLC New +929,143+929.1k
Horizon Wealth Management, LLC New +890,901+890.9k
New York Life Investment Management LLC Added +677,292+677.3k
WELLS FARGO & COMPANY/MN Added +532,451+532.5k
Centiva Capital, LP New +500,000+500.0k
CAMPBELL CAPITAL MANAGEMENT INC New +285,256+285.3k
Focus Partners Wealth Added +247,657+247.7k

Biggest sellers

MORGAN STANLEY Reduced -27,506,429-27.5m
JPMORGAN CHASE & CO Reduced -9,329,464-9.3m
GOLDMAN SACHS GROUP INC Reduced -2,999,369-3.0m
Global Assets Advisory, LLC Reduced -2,560,504-2.6m
HRT FINANCIAL LP Sold out -1,606,364-1.6m
COHEN & STEERS, INC. Reduced -1,537,073-1.5m
Charles Schwab Investment Advisory, Inc. Sold out -1,399,411-1.4m
Ocean Park Asset Management, LLC Reduced -1,317,727-1.3m
Rockefeller Capital Management L.P. Reduced -1,150,643-1.2m
TRUE Private Wealth Advisors Reduced -489,767-489.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $8.2m258.9k shares
CITADEL ADVISORS LLC Added $3.0m96.4k shares
WOLVERINE TRADING, LLC Reduced $517.4k16.4k shares

Biggest puts

Centiva Capital, LP New $19.2m609.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.0m348.4k shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Unchanged $6.3m200.0k shares
DigitalBridge Group, Inc. Unchanged $1.6m50.5k shares
WOLVERINE TRADING, LLC Reduced $1.5m48.6k shares
CITADEL ADVISORS LLC Reduced $608.9k19.3k shares
PRELUDE CAPITAL MANAGEMENT, LLC Unchanged $347.1k11.0k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 23,871,88423.9m $753.2m $753.2m 0.07% Added +1.4m +1,389,616
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 13,798,39313.8m $435.3m $435.3m 0.03% Reduced -27.5m -27,506,429
3 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 8,325,9258.3m $262.7m $262.7m 0.07% Added +532.5k +532,451
4 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 6,521,9386.5m $205.8m $205.8m 0.10% Reduced -181.0k -181,043
5 UBS Group AG 0.06% of their portfolio ZURICH, V8 6,354,5736.4m $200.5m $200.5m 0.06% Added +21.4k +21,373
6 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 4,672,1154.7m $147.4m $147.4m 0.04% Added +88.0k +88,010
7 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 4,522,3114.5m $142.7m $142.7m 0.05% Reduced -299.9k -299,853
8 Mariner, LLC 0.21% of their portfolio Overland Park, KS 3,407,5743.4m $107.5m $107.5m 0.21% Reduced -206.4k -206,403
9 BlackRock Inc. 0.00% of their portfolio New York, NY 3,097,4483.1m $97.7m $97.7m 0.00% Reduced -112.0k -112,016
10 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 2,434,7282.4m $76.8m $76.8m 0.02% Reduced -139.5k -139,505
11 US BANCORP \DE\ 0.10% of their portfolio MINNEAPOLIS, MN 2,266,9772.3m $71.5m $71.5m 0.10% Reduced -194.0k -193,982
12 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 2,031,3732.0m $64.1m $64.1m 0.10% Added +10.5k +10,511
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,925,8501.9m $60.8m $60.8m 0.00% Reduced -9.3m -9,329,464
14 Orgel Wealth Management, LLC 1.50% of their portfolio ALTOONA, WI 1,766,7791.8m $55.7m $55.7m 1.50% Reduced -55.0k -54,957
15 First Interstate Bank 3.44% of their portfolio Billings, MT 1,641,0621.6m $51.8m $51.8m 3.44% Added +29.0k +28,994
16 TRUIST FINANCIAL CORP 0.08% of their portfolio CHARLOTTE, NC 1,630,1291.6m $51.4m $51.4m 0.08% Reduced -70.3k -70,311
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,585,8831.6m $50.0m $50.0m 0.05% Reduced -55.5k -55,491
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,555,9171.6m $49.1m $49.1m 0.01% New
19 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 1,555,5251.6m $49.1m $49.1m 0.02% Reduced -1.7k -1,670
20 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.04% of their portfolio MINNEAPOLIS, MN 1,529,6861.5m $48.3m $48.3m 1.04% Added +89.1k +89,057
21 Rockefeller Capital Management L.P. 0.13% of their portfolio NEW YORK, NY 1,444,5531.4m $45.6m $45.6m 0.13% Reduced -1.2m -1,150,643
22 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 1,419,5131.4m $44.8m $44.8m 0.11% Reduced -37.9k -37,913
23 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 1,360,6321.4m $42.9m $42.9m 0.13% Reduced -31.3k -31,334
24 Edge Wealth Management LLC 9.02% of their portfolio NEW YORK, NY 1,358,2521.4m $42.9m $42.9m 9.02% Reduced -30.9k -30,851
25 Raymond James Financial Services Advisors, Inc. 0.06% of their portfolio ST. PETERSBURG, FL 1,346,0371.3m $42.5m $42.5m 0.06% Added +89.3k +89,261
26 FIFTH THIRD BANCORP 0.15% of their portfolio CINCINNATI, OH 1,225,4341.2m $38.7m $38.7m 0.15% Added +958 +958
27 Hilton Capital Management, LLC 3.21% of their portfolio Garden City, NY 1,205,0821.2m $38.0m $38.0m 3.21% Added +70.2k +70,218
28 Dakota Wealth Management 0.87% of their portfolio PALM BEACH GARDENS, FL 1,169,4901.2m $36.9m $36.9m 0.87% Added +29 +29
29 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 1,127,6781.1m $35.6m $35.6m 0.08% Reduced -136.5k -136,471
30 Strategic Financial Concepts, LLC 0.05% of their portfolio SAN ANTONIO, TX 1,055,7971.1m $87.0k $87.0k 0.05% Added +1.0m +1,022,267
31 KEYBANK NATIONAL ASSOCIATION/OH 0.13% of their portfolio BROOKLYN, OH 1,034,1291.0m $32.6m $32.6m 0.13% Reduced -33.7k -33,683
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 1,000,5301.0m $31.6m $31.6m 0.07% Reduced -26.6k -26,559
33 COHEN & STEERS, INC. 0.07% of their portfolio NEW YORK, NY 997,941997.9k $31.5m $31.5m 0.07% Reduced -1.5m -1,537,073
34 GREENLEAF TRUST 0.30% of their portfolio KALAMAZOO, MI 990,792990.8k $31.3m $31.3m 0.30% Added +32.3k +32,272
35 Insight Wealth Strategies, LLC 4.37% of their portfolio SAN RAMON, CA 973,190973.2k $30.7m $30.7m 4.37% Added +13.2k +13,172
36 Redwood Investment Management, LLC 2.53% of their portfolio SCOTTSDALE, AZ 929,143929.1k $29.3m $29.3m 2.53% New
37 SG Americas Securities, LLC 0.18% of their portfolio NEW YORK, NY 924,696924.7k $29.2m $29.2m 0.18% Unchanged
38 STEPHENS INC /AR/ 0.44% of their portfolio LITTLE ROCK, AR 905,630905.6k $28.6m $28.6m 0.44% Reduced -9.3k -9,291
39 Horizon Wealth Management, LLC 6.70% of their portfolio LA GRANGE, IL 890,901890.9k $28.1m $28.1m 6.70% New
40 TRUE Private Wealth Advisors 3.17% of their portfolio Salem, OR 888,366888.4k $28.0m $28.0m 3.17% Reduced -489.8k -489,767
41 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 839,791839.8k $26.5m $26.5m 0.05% Added +52.0k +51,955
42 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 823,419823.4k $26.0m $26.0m 0.05% Added +34.9k +34,892
43 Ocean Park Asset Management, LLC 1.22% of their portfolio SANTA MONICA, CA 814,436814.4k $25.7m $25.7m 1.22% Reduced -1.3m -1,317,727
44 Montis Financial, LLC 11.29% of their portfolio WALTHAM, MA 780,423780.4k $24.6m $24.6m 11.29% Added +8.0k +8,033
45 Townsend & Associates, Inc 2.68% of their portfolio WESTMINSTER, CO 759,024759.0k $24.1m $24.1m 2.68% Added +18.8k +18,768
46 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 753,568753.6k $23.8m $23.8m 0.04% Added +149.0k +148,989
47 SVB WEALTH LLC 0.58% of their portfolio BOSTON, MA 744,062744.1k $23.5m $23.5m 0.58% Reduced -81.4k -81,354
48 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 721,630721.6k $22.8m $22.8m 0.01% Added +48.7k +48,672
49 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.70% of their portfolio TOKYO, M0 714,106714.1k $22.5m $22.5m 0.70% Reduced -6.4k -6,405
50 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 704,328704.3k $22.2m $22.2m 0.00% Reduced -3.0m -2,999,369
51 Welch & Forbes LLC 0.29% of their portfolio Boston, MA 703,013703.0k $22.1m $22.1m 0.29% Added +18.2k +18,195
52 Jaffetilchin Investment Partners, LLC 1.88% of their portfolio TAMPA, FL 698,831698.8k $22.0m $22.0m 1.88% Added +30.2k +30,178
53 New York Life Investment Management LLC 0.22% of their portfolio New York, NY 695,651695.7k $21.9m $21.9m 0.22% Added +677.3k +677,292
54 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 682,637682.6k $21.5m $21.5m 0.08% Added +68.2k +68,200
55 Summit Financial Wealth Advisors, LLC 4.28% of their portfolio Lafayette, LA 669,855669.9k $21.1m $21.1m 4.28% Added +21.1k +21,112
56 Falcon Wealth Planning 2.74% of their portfolio Ontario, CA 669,242669.2k $21.1m $21.1m 2.74% Added +209.3k +209,325
57 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 663,011663.0k $20.9m $20.9m 0.02% Added +1.9k +1,900
58 COUNTRY TRUST BANK 0.45% of their portfolio Bloomington, IL 568,984569.0k $18.0m $18.0m 0.45% Unchanged
59 FUKOKU MUTUAL LIFE INSURANCE Co 1.38% of their portfolio TOKYO, M0 567,500567.5k $17.9m $17.9m 1.38% Unchanged
60 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 525,074525.1k $16.6m $16.6m 0.07% Reduced -49.9k -49,948
61 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 512,201512.2k $16.2m $16.2m 0.04% Added +5.6k +5,609
62 Centiva Capital, LP 0.76% of their portfolio New York, NY 500,000500.0k $15.8m $15.8m 0.76% New
63 GDS Wealth Management 1.72% of their portfolio FLOWER MOUND, TX 496,898496.9k $15.7m $15.7m 1.72% Added +70.3k +70,276
64 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 493,546493.5k $15.6m $15.6m 0.05% Added +247.7k +247,657
65 SP Asset Management LLC 1.42% of their portfolio CUPERTINO, CA 492,797492.8k $15.5m $15.5m 1.42% Reduced -7.2k -7,233
66 FULTON BREAKEFIELD BROENNIMAN LLC 1.15% of their portfolio Bethesda, MD 492,518492.5k $15.5m $15.5m 1.15% Added +7.4k +7,384
67 Kestra Advisory Services, LLC 0.08% of their portfolio AUSTIN, TX 491,855491.9k $15.0m $15.0m 0.08% Added +62.6k +62,637
68 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 483,151483.2k $15.2m $15.2m 0.01% Added +39.7k +39,735
69 Sanctuary Advisors, LLC 0.10% of their portfolio INDIANAPOLIS, IN 464,104464.1k $14.4m $14.4m 0.10% First filing
70 ADVISORS MANAGEMENT GROUP INC /ADV 3.60% of their portfolio LA CROSSE, WI 457,283457.3k $14.4m $14.4m 3.60% Added +19.8k +19,769
71 Pure Financial Advisors, LLC 0.40% of their portfolio SAN DIEGO, CA 457,240457.2k $14.4m $14.4m 0.40% Added +26.0k +25,954
72 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 457,000457.0k $14.4m $14.4m 0.02% Reduced -113.2k -113,200
73 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 452,684452.7k $14.3m $14.3m 0.00% Reduced -74.1k -74,095
74 Florida Trust Wealth Management Co 0.46% of their portfolio SANIBEL, FL 422,566422.6k $13.3m $13.3m 0.46% Reduced -5.7k -5,711
75 CONNING INC. 0.44% of their portfolio HARTFORD, CT 390,500390.5k $12.3m $12.3m 0.44% Unchanged
76 NewEdge Advisors, LLC 0.09% of their portfolio NEW ORLEANS, LA 385,392385.4k $12.2m $12.2m 0.09% Added +90.5k +90,519
77 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 376,126376.1k $11.9m $11.9m 0.01% Added +108.9k +108,912
78 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 371,998372.0k $11.7m $11.7m 0.03% Reduced -19.7k -19,717
79 Ballast, Inc. 3.48% of their portfolio Lexington, KY 358,289358.3k $11.3m $11.3m 3.48% Added +20.1k +20,095
80 SYNOVUS FINANCIAL CORP 0.15% of their portfolio Columbus, GA 357,646357.6k $11.3m $11.3m 0.15% Reduced -6.8k -6,839
81 Northside Capital Management, LLC 1.92% of their portfolio Hood River, OR 354,334354.3k $11.2m $11.2m 1.92% Added +50 +50
82 Parkside Investments, LLC 1.72% of their portfolio DEERFIELD, IL 346,428346.4k $10.9m $10.9m 1.72% Added +38.5k +38,461
83 DAVIDSON INVESTMENT ADVISORS 0.55% of their portfolio GREAT FALLS, MT 338,202338.2k $10.7m $10.7m 0.55% Added +8.0k +7,956
84 AVANTAX ADVISORY SERVICES, INC. 0.07% of their portfolio DALLAS, TX 331,571331.6k $10.5m $10.5m 0.07% Added +30.6k +30,583
85 Regal Investment Advisors LLC 0.68% of their portfolio KENTWOOD, MI 324,892324.9k $10.3m $10.3m 0.68% Added +6.4k +6,449
86 Atria Wealth Solutions, Inc. 0.11% of their portfolio NEW YORK, NY 318,396318.4k $10.0m $10.0m 0.11% Reduced -16.3k -16,344
87 Spectrum Asset Management, Inc. 35.44% of their portfolio STAMFORD, CT 317,263317.3k $10.0m $10.0m 35.44% Added +54.0k +53,995
88 Capital Square, LLC 6.55% of their portfolio ATHENS, TN 315,807315.8k $10.1m $10.1m 6.55% Added +35.1k +35,074
89 AMG National Trust Bank 0.27% of their portfolio GREENWOOD VILLAGE, CO 310,431310.4k $9.8m $9.8m 0.27% Added +116.9k +116,886
90 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 306,765306.8k $9.7m $9.7m 0.10% Added +36.8k +36,751
91 COLLECTIVE FAMILY OFFICE LLC 2.71% of their portfolio YORK, PA 292,148292.1k $9.2m $9.2m 2.71% Reduced -4.9k -4,926
92 CAMPBELL CAPITAL MANAGEMENT INC 3.87% of their portfolio MIAMI, FL 285,256285.3k $9.0m $9.0m 3.87% New
93 Westover Capital Advisors, LLC 2.31% of their portfolio WILMINGTON, DE 284,135284.1k $9.0m $9.0m 2.31% Reduced -12.0k -12,033
94 Strategic Wealth Investment Group, LLC 1.10% of their portfolio LOUISVILLE, KY 277,732277.7k $8.7m $8.7m 1.10% First filing
95 Hilltop Holdings Inc. 1.01% of their portfolio DALLAS, TX 274,822274.8k $8.7m $8.7m 1.01% Reduced -98.8k -98,848
96 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 273,891273.9k $8.6m $8.6m 0.03% Reduced -33.2k -33,156
97 VANTAGE WEALTH 1.93% of their portfolio Pasadena, CA 265,700265.7k $8.4m $8.4m 1.93% Added +11.8k +11,800
98 NewEdge Wealth, LLC 0.17% of their portfolio STAMFORD, CT 251,716251.7k $7.9m $7.9m 0.17% Reduced -452 -452
99 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 247,449247.4k $7.8m $7.8m 0.05% Reduced -3.8k -3,816
100 ANGELES WEALTH MANAGEMENT, LLC 0.72% of their portfolio SANTA MONICA, CA 242,150242.2k $7.6m $7.6m 0.72% Added +1.8k +1,760