Vault-13

ISHARES TR ISCV

MRNING SM CP ETF · ETP · CUSIP 464288703

110 institutional holders -5 vs Q1 2025
3,968,9924.0m shares reported held*
$244.1mreported value*
8 new 43 added 26 reduced 13 sold out net bought ≈ $52.6m (+857.5k 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 ($4.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.49. Options: 10 managers hold calls ($1.2bn notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 96Q4 22: 99Q1 23: 98Q2 23: 98Q3 23: 103Q4 23: 112Q1 24: 110Q2 24: 106Q3 24: 112Q4 24: 116Q1 25: 115Q2 25: 110110Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202296
Q4 202299
Q1 202398
Q2 202398
Q3 2023103
Q4 2023112
Q1 2024110
Q2 2024106
Q3 2024112
Q4 2024116
Q1 2025115
Q2 2025110

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 39 bought or addedQ3 23: 31 cut or sold outQ4 23: 48 bought or addedQ4 23: 38 cut or sold outQ4 23Q1 24: 39 bought or addedQ1 24: 42 cut or sold outQ2 24: 35 bought or addedQ2 24: 44 cut or sold outQ2 24Q3 24: 33 bought or addedQ3 24: 43 cut or sold outQ4 24: 45 bought or addedQ4 24: 36 cut or sold outQ4 24Q1 25: 53 bought or addedQ1 25: 37 cut or sold outQ2 25: 51 bought or addedQ2 25: 39 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233931
Q4 20234838
Q1 20243942
Q2 20243544
Q3 20243343
Q4 20244536
Q1 20255337
Q2 20255139

Calls vs puts

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

CallsPuts
$0$500m$1bn$1.5bnQ3 24 calls: $1.3bnQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $583.2mQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $1.5bnQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $1.2bnQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$1.3bn$00.00
Q4 2024$583.2m$00.00
Q1 2025$1.5bn$00.00
Q2 2025$1.2bn$00.00

Biggest buyers

EXCHANGE TRADED CONCEPTS, LLC New +317,150+317.1k
ROYAL BANK OF CANADA Added +206,216+206.2k
Focus Partners Wealth Added +159,775+159.8k
ENVESTNET ASSET MANAGEMENT INC Added +50,864+50.9k
Advisory Services Network, LLC New +45,910+45.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +40,516+40.5k
LPL Financial LLC Added +37,351+37.4k
WELLS FARGO & COMPANY/MN Added +21,635+21.6k
Aptus Capital Advisors, LLC New +17,329+17.3k
AMERIPRISE FINANCIAL INC Added +16,680+16.7k

Biggest sellers

MORGAN STANLEY Reduced -34,918-34.9k
TWO SIGMA INVESTMENTS, LP Sold out -24,800-24.8k
RAYMOND JAMES FINANCIAL INC Reduced -15,178-15.2k
UBS Group AG Reduced -10,303-10.3k
STIFEL FINANCIAL CORP Sold out -6,298-6.3k
Black Diamond Financial, LLC Reduced -5,269-5.3k
CAPTRUST FINANCIAL ADVISORS Reduced -4,060-4.1k
Gryphon Financial Partners LLC Sold out -3,772-3.8k
RMR Capital Management, LLC Sold out -3,699-3.7k
Geneos Wealth Management Inc. Reduced -3,658-3.7k

Biggest calls

PICTON MAHONEY ASSET MANAGEMENT Added $806.5m10.0m shares
JPMORGAN CHASE & CO Reduced $228.6m2.8m shares
Permian Investment Partners, LP New $121.0m1.5m shares
IMC-Chicago, LLC Reduced $37.7m467.0k shares
Cruiser Capital Advisors, LLC New $28.3m3.5k shares
Optiver Holding B.V. Added $24.5m304.1k shares
GROUP ONE TRADING LLC Reduced $854.9k10.6k shares
HRT FINANCIAL LP New $282.0k3.5k shares
SG Americas Securities, LLC Reduced $10.0k250.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 395,792395.8k $24.3m $24.3m 0.05% Added +159.8k +159,775
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 352,812352.8k $21.7m $21.7m 0.00% Reduced -34.9k -34,918
3 EXCHANGE TRADED CONCEPTS, LLC 0.25% of their portfolio Oklahoma City, OK 317,150317.1k $19.5m $19.5m 0.25% New
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 316,630316.6k $19.4m $19.4m 0.00% Added +206.2k +206,216
5 VAUGHAN & Co SECURITIES, INC. 9.92% of their portfolio Ridgewood, NJ 281,895281.9k $17.3m $17.3m 9.92% Added +16.2k +16,207
6 Steele Capital Management, Inc. 0.56% of their portfolio DUBUQUE, IA 189,512189.5k $11.6m $11.6m 0.56% Added +3.2k +3,186
7 Matrix Trust Co 1.85% of their portfolio DENVER, CO 189,512189.5k $11.6m $11.6m 1.85% Added +3.2k +3,186
8 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 187,790187.8k $11.5m $11.5m 0.00% Added +37.4k +37,351
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 162,873162.9k $10.0m $10.0m 0.00% Added +14.0k +13,955
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 130,493130.5k $8.0m $8.0m 0.00% Added +21.6k +21,635
11 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 129,154129.2k $7.9m $7.9m 0.00% Reduced -15.2k -15,178
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 84,95885.0k $5.2m $5.2m 0.00% Reduced -10.3k -10,303
13 AVANTAX ADVISORY SERVICES, INC. 0.02% of their portfolio DALLAS, TX 64,19764.2k $3.9m $3.9m 0.02% Reduced -249 -249
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 62,11762.1k $3.8m $3.8m 0.00% Added +5.1k +5,139
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 60,27060.3k $3.7m $3.7m 0.00% Added +50.9k +50,864
16 Ipsen Advisor Group LLC 2.62% of their portfolio LITTLE ROCK, AR 56,03456.0k $3.4m $3.4m 2.62% Added +1.5k +1,503
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 50,33250.3k $3.2m $3.2m 0.00% Added +16.7k +16,680
18 Chicago Partners Investment Group LLC 0.09% of their portfolio CHICAGO, IL 49,89349.9k $3.2m $3.2m 0.09% Reduced -7 -7
19 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 47,26847.3k $2.9m $2.9m 0.00% Added +591 +591
20 Advisory Services Network, LLC 0.05% of their portfolio ATLANTA, GA 45,91045.9k $2.9m $2.9m 0.05% New
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 45,39945.4k $2.8m $2.8m 0.00% Reduced -553 -553
22 Viewpoint Capital Management LLC 1.36% of their portfolio SEATTLE, WA 45,27445.3k $2.8m $2.8m 1.36% Reduced -123 -123
23 Prosperity Consulting Group, LLC 0.20% of their portfolio OWINGS MILLS, MD 44,19044.2k $2.7m $2.7m 0.20% Reduced -2.5k -2,510
24 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 43,43043.4k $2.7m $2.7m 0.01% Added +458 +458
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 43,42043.4k $2.7m $2.7m 0.00% Unchanged
26 Rodgers & Associates, LTD 0.29% of their portfolio Lancaster, PA 43,07843.1k $2.6m $2.6m 0.29% Added +11.4k +11,388
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 40,51640.5k $2.5m $2.5m 0.00% New
28 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 40,50640.5k $2.5m $2.5m 0.00% Added +1.9k +1,948
29 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 35,56335.6k $2.2m $2.2m 0.01% Added +672 +672
30 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 33,83933.8k $2.1m $2.1m 0.01% Reduced -1.4k -1,365
31 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 29,60429.6k $1.8m $1.8m 0.00% Reduced -4.1k -4,060
32 IHT Wealth Management, LLC 0.05% of their portfolio Chicago, IL 27,55527.6k $1.7m $1.7m 0.05% Added +579 +579
33 Kohmann Bosshard Financial Services, LLC 0.13% of their portfolio FAIRLAWN, OH 19,50619.5k $1.2m $1.2m 0.13% Unchanged
34 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 19,31819.3k $1.2m $1.2m 0.01% Added +707 +707
35 LRI Investments, LLC 0.09% of their portfolio PALM BEACH GARDENS, FL 17,97618.0k $1.1m $1.1m 0.09% Unchanged
36 COMERICA BANK 0.00% of their portfolio DALLAS, TX 17,74017.7k $1.1m $1.1m 0.00% Added +461 +461
37 Aptus Capital Advisors, LLC 0.01% of their portfolio FAIRHOPE, AL 17,32917.3k $1.1m $1.1m 0.01% New
38 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,32217.3k $1.1m $1.1m 0.00% Added +5.3k +5,344
39 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 14,22614.2k $873.0k $873.0k 0.00% Reduced -343 -343
40 PANORAMIC INVESTMENT ADVISORS, LLC 0.50% of their portfolio DENVER, CO 13,38013.4k $821.4k $821.4k 0.50% Reduced -374 -374
41 Abel Hall, LLC 0.30% of their portfolio BATON ROUGE, LA 10,65210.7k $653.9k $653.9k 0.30% Added +6.4k +6,444
42 Black Diamond Financial, LLC 0.10% of their portfolio TOWSON, MD 10,57410.6k $649.1k $649.1k 0.10% Reduced -5.3k -5,269
43 Pacific Sun Financial Corp 0.33% of their portfolio LOS ANGELES, CA 10,19910.2k $626.1k $626.1k 0.33% Unchanged
44 JIM SAULNIER & ASSOCIATES, LLC 0.42% of their portfolio FORT COLLINS, CO 10,07510.1k $618.5k $618.5k 0.42% Reduced -527 -527
45 Courage Miller Partners, LLC 0.19% of their portfolio NORFOLK, VA 9,9049.9k $608.0k $608.0k 0.19% Reduced -325 -325
46 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 9,8549.9k $630.5k $630.5k 0.00% Added +6 +6
47 Merit Financial Group, LLC 0.01% of their portfolio ALPHARETTA, GA 9,6709.7k $593.7k $593.7k 0.01% Added +505 +505
48 Mill Creek Capital Advisors, LLC 0.01% of their portfolio Conshohocken, PA 9,3999.4k $577.0k $577.0k 0.01% Reduced -33 -33
49 Key Financial Inc 0.12% of their portfolio WEST CHESTER, PA 9,3119.3k $571.6k $571.6k 0.12% Added +735 +735
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 9,1909.2k $563.0k $563.0k 0.00% Added +3.3k +3,300
51 KELLY FINANCIAL GROUP LLC 0.14% of their portfolio Wethersfield, CT 7,7807.8k $477.6k $477.6k 0.14% Added +1.1k +1,136
52 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 7,2557.3k $445.4k $445.4k 0.01% Reduced -3.7k -3,658
53 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 7,1967.2k $441.8k $441.8k 0.00% Reduced -3.2k -3,208
54 Sigma Planning Corp 0.01% of their portfolio ANN ARBOR, MI 7,0517.1k $432.9k $432.9k 0.01% Unchanged
55 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 6,7936.8k $417.0k $417.0k 0.00% Added +1.3k +1,279
56 rebel Financial LLC 0.18% of their portfolio GROVEPORT, OH 6,3796.4k $391.6k $391.6k 0.18% First filing
57 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 6,0216.0k $370.5k $370.5k 0.00% Added +153 +153
58 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 6,0046.0k $368.6k $368.6k 0.02% Unchanged
59 Asset Dedication, LLC 0.03% of their portfolio SAN FRANCISCO, CA 5,7415.7k $352.4k $352.4k 0.03% Added +28 +28
60 TRANSCEND CAPITAL ADVISORS, LLC 0.03% of their portfolio MADISON, NJ 5,7275.7k $351.6k $351.6k 0.03% Unchanged
61 Towerpoint Wealth, LLC 0.15% of their portfolio SACRAMENTO, CA 5,6675.7k $347.9k $347.9k 0.15% Reduced -2 -2
62 Sensible Money, LLC 0.13% of their portfolio SCOTTSDALE, AZ 5,6395.6k $346.2k $346.2k 0.13% Added +28 +28
63 Lansing Street Advisors 0.10% of their portfolio AMBLER, PA 5,5615.6k $341.4k $341.4k 0.10% Added +1.4k +1,406
64 Madison Wealth Partners, Inc 0.07% of their portfolio MADISON, WI 5,3075.3k $325.8k $325.8k 0.07% Added +184 +184
65 MONECO ADVISORS, LLC 0.03% of their portfolio FAIRFIELD, CT 5,1605.2k $316.8k $316.8k 0.03% Reduced -949 -949
66 GWN SECURITIES INC. 0.06% of their portfolio Palm Beach Gardens, FL 5,0385.0k $309.8k $309.8k 0.06% Added +565 +565
67 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,9555.0k $304.2k $304.2k 0.00% Added +842 +842
68 Argent Trust Co 0.01% of their portfolio NASHVILLE, TN 4,8894.9k $300.1k $300.1k 0.01% Unchanged
69 LANARK FINANCIAL, INC. 0.02% of their portfolio BIRMINGHAM, AL 4,7354.7k $290.0k $290.0k 0.02% Added +10 +10
70 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 4,3554.4k $267.4k $267.4k 0.01% Added +304 +304
71 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,3244.3k $265.4k $265.4k 0.00% Added +124 +124
72 Unified Investment Management 0.27% of their portfolio Atlanta, GA 4,0474.0k $248.4k $248.4k 0.27% Unchanged
73 FMR LLC 0.00% of their portfolio BOSTON, MA 3,7083.7k $227.7k $227.7k 0.00% Reduced -1.2k -1,196
74 Summit Financial, LLC 0.01% of their portfolio PARSIPPANY, NJ 3,6763.7k $225.7k $225.7k 0.01% Added +4 +4
75 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,6423.6k $224.0k $224.0k 0.00% Reduced -300 -300
76 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 3,3563.4k $206.0k $206.0k 0.00% New
77 BARRETT & COMPANY, INC. 0.08% of their portfolio PROVIDENCE, RI 3,2763.3k $201.1k $201.1k 0.08% Unchanged
78 Smartleaf Asset Management LLC 0.01% of their portfolio BOSTON, MA 2,6212.6k $161.3k $161.3k 0.01% Added +201 +201
79 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 2,5652.6k $157.5k $157.5k 0.00% Unchanged
80 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,5002.5k $153.5k $153.5k 0.00% Unchanged
81 City State Bank 0.04% of their portfolio NORWALK, IA 2,1962.2k $134.8k $134.8k 0.04% Unchanged
82 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,4401.4k $88.4k $88.4k 0.00% Unchanged
83 Sunbelt Securities, Inc. 0.01% of their portfolio HOUSTON, TX 1,0751.1k $68.2k $68.2k 0.01% Unchanged
84 Brentview Investment Management LLC 0.03% of their portfolio NORTHFIELD, IL 1,0001.0k $61.4k $61.4k 0.03% Unchanged
85 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 870870 $53.4k $53.4k 0.00% Added +351 +351
86 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 800800 $49.1k $49.1k 0.00% Reduced -400 -400
87 HARBOR INVESTMENT ADVISORY, LLC 0.00% of their portfolio LUTHERVILLE, MD 759759 $46.6k $46.6k 0.00% Unchanged
88 Cedar Mountain Advisors, LLC 0.01% of their portfolio LAKE OSWEGO, OR 727727 $44.6k $44.6k 0.01% Unchanged
89 Wealth Preservation Advisors, LLC 0.02% of their portfolio CHATTANOOGA, TN 480480 $29.5k $29.5k 0.02% Unchanged
90 Archer Investment Corp 0.01% of their portfolio Carmel, IN 468468 $28.7k $28.7k 0.01% Unchanged
91 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 467467 $28.7k $28.7k 0.00% Reduced -938 -938
92 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 450450 $28.8k $28.8k 0.00% New
93 Rise Advisors, LLC 0.01% of their portfolio ROCHESTER, NY 411411 $25.3k $25.3k 0.01% Reduced -246 -246
94 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 372372 $22.8k $22.8k 0.00% Unchanged
95 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 351351 $21.5k $21.5k 0.00% Unchanged
96 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 330330 $20.3k $20.3k 0.00% Unchanged
97 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 222222 $13.6k $13.6k 0.00% Unchanged
98 Atlantic Union Bankshares Corp 0.00% of their portfolio GLEN ALLEN, VA 204204 $12.5k $12.5k 0.00% New
99 MGB Wealth Management, LLC 0.00% of their portfolio ADDISON, TX 175175 $10.7k $10.7k 0.00% Unchanged
100 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 136136 $8.3k $8.3k 0.00% New