Vault-13

ISHARES TR ISCV

MRNING SM CP ETF · ETP · CUSIP 464288703

127 institutional holders -8 vs Q4 2025
4,745,1214.7m shares reported held*
$330.0mreported value*
11 new 47 added 37 reduced 13 sold out net bought ≈ $11.7m (+168.2k 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 ($13.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $69.55. Options: 7 managers hold calls ($2.0bn notional), 0 hold puts (—).

Trends to Q1 2026

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: 110Q3 25: 120Q4 25: 135Q1 26: 127127Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025120
Q4 2025135
Q1 2026127

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 35 bought or addedQ2 24: 44 cut or sold outQ3 24: 33 bought or addedQ3 24: 43 cut or sold outQ3 24Q4 24: 45 bought or addedQ4 24: 36 cut or sold outQ1 25: 53 bought or addedQ1 25: 37 cut or sold outQ1 25Q2 25: 51 bought or addedQ2 25: 39 cut or sold outQ3 25: 48 bought or addedQ3 25: 48 cut or sold outQ3 25Q4 25: 72 bought or addedQ4 25: 29 cut or sold outQ1 26: 58 bought or addedQ1 26: 50 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20243544
Q3 20243343
Q4 20244536
Q1 20255337
Q2 20255139
Q3 20254848
Q4 20257229
Q1 20265850

Calls vs puts

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

CallsPuts
$0$1bn$2bn$3bnQ2 25 calls: $1.2bnQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $2.7bnQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $1.9bnQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $2.0bnQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$1.2bn$00.00
Q3 2025$2.7bn$00.00
Q4 2025$1.9bn$00.00
Q1 2026$2.0bn$00.00

Biggest buyers

ROYAL BANK OF CANADA Added +79,297+79.3k
ENVESTNET ASSET MANAGEMENT INC Added +78,497+78.5k
EXCHANGE TRADED CONCEPTS, LLC Added +37,750+37.8k
BANK OF AMERICA CORP /DE/ Added +29,497+29.5k
FIFTH THIRD BANCORP New +16,836+16.8k
Independent Advisor Alliance New +12,695+12.7k
GRANVILLE CAPITAL, INC. Added +8,929+8.9k
JANE STREET GROUP, LLC New +8,778+8.8k
WELLS FARGO & COMPANY/MN Added +7,774+7.8k
Tower Research Capital LLC (TRC) New +5,591+5.6k

Biggest sellers

GOLDMAN SACHS GROUP INC Sold out -43,969-44.0k
Black Diamond Financial, LLC Reduced -26,608-26.6k
MORGAN STANLEY Reduced -16,696-16.7k
TWO SIGMA INVESTMENTS, LP Sold out -15,000-15.0k
VAUGHAN & Co SECURITIES, INC. Reduced -7,557-7.6k
AMERIPRISE FINANCIAL INC Reduced -6,740-6.7k
CITIGROUP INC Reduced -5,689-5.7k
LPL Financial LLC Reduced -4,304-4.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -4,036-4.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -3,784-3.8k

Biggest calls

JPMORGAN CHASE & CO Reduced $924.0m11.7m shares
COMPASS ROSE ASSET MANAGEMENT, LP New $636.5m8.0m shares
HRT FINANCIAL LP Added $245.4m3.1m shares
IMC-Chicago, LLC Added $97.7m1.2m shares
Optiver Holding B.V. Added $80.2m1.0m shares
GROUP ONE TRADING LLC Reduced $4.7m59.3k shares
Marathon Trading Investment Management LLC New $15.9k200 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 EXCHANGE TRADED CONCEPTS, LLC 0.51% of their portfolio Oklahoma City, OK 946,217946.2k $65.8m $65.8m 0.51% Added +37.8k +37,750
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 299,793299.8k $20.8m $20.8m 0.00% Reduced -16.7k -16,696
3 VAUGHAN & Co SECURITIES, INC. 10.66% of their portfolio Ridgewood, NJ 293,423293.4k $20.4m $20.4m 10.66% Reduced -7.6k -7,557
4 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 288,137288.1k $20.0m $20.0m 0.02% Added +2.8k +2,814
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 234,525234.5k $16.3m $16.3m 0.00% Added +79.3k +79,297
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 226,955227.0k $15.8m $15.8m 0.00% Reduced -4.3k -4,304
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 201,871201.9k $14.0m $14.0m 0.00% Added +29.5k +29,497
8 Steele Capital Management, Inc. 0.54% of their portfolio DUBUQUE, IA 187,603187.6k $13.0m $13.0m 0.54% Added +424 +424
9 Matrix Trust Co 2.17% of their portfolio DENVER, CO 187,603187.6k $13.0m $13.0m 2.17% Added +424 +424
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 148,789148.8k $10.3m $10.3m 0.00% Added +7.8k +7,774
11 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 133,805133.8k $9.3m $9.3m 0.00% Added +78.5k +78,497
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 132,478132.5k $9.2m $9.2m 0.00% Reduced -2.0k -1,961
13 GRANVILLE CAPITAL, INC. 4.33% of their portfolio GREENSBORO, NC 119,235119.2k $8.3m $8.3m 4.33% Added +8.9k +8,929
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 111,685111.7k $7.8m $7.8m 0.00% Reduced -2.3k -2,326
15 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 102,633102.6k $7.1m $7.1m 0.01% Added +3.4k +3,352
16 MB Generational Wealth, LLC 3.38% of their portfolio SPOKANE, WA 88,01588.0k $6.1m $6.1m 3.38% Unchanged
17 Advisory Services Network, LLC 0.05% of their portfolio ATLANTA, GA 58,35658.4k $4.1m $4.1m 0.05% Added +1.5k +1,540
18 Aptus Capital Advisors, LLC 0.03% of their portfolio FAIRHOPE, AL 57,30057.3k $4.0m $4.0m 0.03% Added +1.5k +1,527
19 Ipsen Advisor Group LLC 2.71% of their portfolio LITTLE ROCK, AR 55,81155.8k $3.9m $3.9m 2.71% Reduced -171 -171
20 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 51,10751.1k $3.6m $3.6m 0.00% Reduced -4.0k -4,036
21 Chicago Partners Investment Group LLC 0.08% of their portfolio CHICAGO, IL 50,38450.4k $3.7m $3.7m 0.08% Added +45 +45
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 46,86746.9k $3.2m $3.2m 0.00% Added +1.1k +1,120
23 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 46,23346.2k $3.2m $3.2m 0.01% Added +1.8k +1,846
24 Viewpoint Capital Management LLC 1.47% of their portfolio SEATTLE, WA 45,39445.4k $3.2m $3.2m 1.47% Unchanged
25 Rodgers & Associates, LTD 0.30% of their portfolio Lancaster, PA 41,83541.8k $2.9m $2.9m 0.30% Reduced -2.2k -2,193
26 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 38,40638.4k $2.7m $2.7m 0.00% Reduced -6.7k -6,740
27 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 36,53536.5k $2.5m $2.5m 0.01% Added +1.8k +1,810
28 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 34,73034.7k $2.4m $2.4m 0.00% Reduced -1.5k -1,534
29 Prosperity Consulting Group, LLC 0.11% of their portfolio OWINGS MILLS, MD 34,63734.6k $2.4m $2.4m 0.11% Reduced -2.6k -2,561
30 IHT Wealth Management, LLC 0.06% of their portfolio Chicago, IL 33,66433.7k $2.3m $2.3m 0.06% Reduced -142 -142
31 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 33,62833.6k $2.3m $2.3m 0.01% Unchanged
32 Twin Cities Retirement Group LLC 1.85% of their portfolio PLYMOUTH, MN 29,09329.1k $2.0m $2.0m 1.85% Reduced -677 -677
33 Perennial Investment Advisors, LLC 0.15% of their portfolio Los Angeles, CA 27,89527.9k $1.9m $1.9m 0.15% Reduced -237 -237
34 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 22,29022.3k $1.5m $1.5m 0.01% Added +803 +803
35 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 20,73020.7k $1.4m $1.4m 0.01% Added +844 +844
36 Black Diamond Financial, LLC 0.15% of their portfolio TOWSON, MD 19,62919.6k $1.4m $1.4m 0.15% Reduced -26.6k -26,608
37 LRI Investments, LLC 0.11% of their portfolio PALM BEACH GARDENS, FL 17,97618.0k $1.2m $1.2m 0.11% Unchanged
38 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 16,83616.8k $1.2m $1.2m 0.00% New
39 SGL Investment Advisors, Inc. 0.44% of their portfolio MISSOULA, MT 15,95116.0k $1.2m $1.2m 0.44% Added +2.1k +2,137
40 Mariner, LLC 0.00% of their portfolio Overland Park, KS 15,63115.6k $1.1m $1.1m 0.00% Reduced -1.4k -1,418
41 MGO ONE SEVEN LLC 0.02% of their portfolio Beachwood, OH 15,56815.6k $1.1m $1.1m 0.02% Added +1.5k +1,480
42 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 13,98814.0k $972.0k $972.0k 0.00% Reduced -209 -209
43 PANORAMIC INVESTMENT ADVISORS, LLC 0.51% of their portfolio DENVER, CO 13,57213.6k $943.4k $943.4k 0.51% Added +47 +47
44 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 13,11313.1k $911.5k $911.5k 0.00% Added +313 +313
45 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 12,69512.7k $882.4k $882.4k 0.01% New
46 Key Financial Inc 0.14% of their portfolio WEST CHESTER, PA 11,03111.0k $766.8k $766.8k 0.14% Added +282 +282
47 JIM SAULNIER & ASSOCIATES, LLC 0.34% of their portfolio FORT COLLINS, CO 10,05210.1k $698.7k $698.7k 0.34% Reduced -12 -12
48 Abel Hall, LLC 0.15% of their portfolio BATON ROUGE, LA 9,8179.8k $682.4k $682.4k 0.15% Reduced -87 -87
49 HighPoint Advisor Group LLC 0.03% of their portfolio DOWNERS GROVE, IL 9,6319.6k $669.5k $669.5k 0.03% Reduced -773 -773
50 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 9,4169.4k $654.5k $654.5k 0.00% Added +36 +36
51 Mill Creek Capital Advisors, LLC 0.01% of their portfolio Conshohocken, PA 9,3999.4k $653.3k $653.3k 0.01% Unchanged
52 Pacific Sun Financial Corp 0.31% of their portfolio LOS ANGELES, CA 9,3199.3k $647.8k $647.8k 0.31% Reduced -240 -240
53 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 8,7788.8k $610.2k $610.2k 0.00% New
54 KELLY FINANCIAL GROUP LLC 0.15% of their portfolio Wethersfield, CT 8,5868.6k $596.8k $596.8k 0.15% Added +962 +962
55 Courage Miller Partners, LLC 0.15% of their portfolio NORFOLK, VA 7,7747.8k $540.4k $540.4k 0.15% Reduced -56 -56
56 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 7,7527.8k $528.2k $528.2k 0.00% Added +1.2k +1,158
57 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 7,2557.3k $504.3k $504.3k 0.01% Unchanged
58 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 6,9507.0k $483.1k $483.1k 0.00% Unchanged
59 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 6,8466.8k $475.9k $475.9k 0.00% Added +405 +405
60 Madison Wealth Partners, Inc 0.07% of their portfolio MADISON, WI 6,6566.7k $462.7k $462.7k 0.07% Added +800 +800
61 Northwest Wealth Advisors, LLC 0.33% of their portfolio BELLINGHAM, WA 6,5886.6k $457.9k $457.9k 0.33% Added +20 +20
62 rebel Financial LLC 0.20% of their portfolio GROVEPORT, OH 6,5246.5k $453.5k $453.5k 0.20% Reduced -273 -273
63 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 6,5096.5k $454.8k $454.8k 0.00% Reduced -3.8k -3,784
64 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 5,8485.8k $406.5k $406.5k 0.02% Unchanged
65 Asset Dedication, LLC 0.03% of their portfolio SAN FRANCISCO, CA 5,8335.8k $405.5k $405.5k 0.03% Added +22 +22
66 Sensible Money, LLC 0.12% of their portfolio SCOTTSDALE, AZ 5,7315.7k $398.4k $398.4k 0.12% Added +22 +22
67 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 5,5915.6k $388.6k $388.6k 0.01% New
68 GWN SECURITIES INC. 0.07% of their portfolio Palm Beach Gardens, FL 5,5395.5k $385.1k $385.1k 0.07% Added +184 +184
69 John A. Wolfe & Associates, Inc. 0.55% of their portfolio PORTAGE, MI 5,1285.1k $356.5k $356.5k 0.55% Added +14 +14
70 Towerpoint Wealth, LLC 0.14% of their portfolio SACRAMENTO, CA 5,0105.0k $348.2k $348.2k 0.14% Reduced -874 -874
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,9615.0k $344.9k $344.9k 0.00% Added +1 +1
72 FMR LLC 0.00% of their portfolio BOSTON, MA 4,9114.9k $341.4k $341.4k 0.00% Added +1.2k +1,222
73 Argent Trust Co 0.01% of their portfolio NASHVILLE, TN 4,8894.9k $339.8k $339.8k 0.01% Unchanged
74 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,8864.9k $340.8k $340.8k 0.00% Added +3.4k +3,446
75 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,8824.9k $339.5k $339.5k 0.00% Added +1.0k +1,010
76 Lansing Street Advisors 0.09% of their portfolio AMBLER, PA 4,8734.9k $338.7k $338.7k 0.09% Added +10 +10
77 TRANSCEND CAPITAL ADVISORS, LLC 0.03% of their portfolio MADISON, NJ 4,6494.6k $323.2k $323.2k 0.03% Reduced -1.1k -1,078
78 MONECO ADVISORS, LLC 0.02% of their portfolio FAIRFIELD, CT 4,5044.5k $313.1k $313.1k 0.02% Reduced -346 -346
79 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 4,5024.5k $312.9k $312.9k 0.00% Reduced -5.7k -5,689
80 LANARK FINANCIAL, INC. 0.02% of their portfolio BIRMINGHAM, AL 4,5014.5k $312.9k $312.9k 0.02% Reduced -36 -36
81 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 4,4504.5k $309.3k $309.3k 0.00% Reduced -400 -400
82 Unified Investment Management 0.29% of their portfolio Atlanta, GA 4,0474.0k $281.3k $281.3k 0.29% Unchanged
83 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 3,8963.9k $270.8k $270.8k 0.00% New
84 Kohmann Bosshard Financial Services, LLC 0.02% of their portfolio FAIRLAWN, OH 3,6813.7k $255.9k $255.9k 0.02% Unchanged
85 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 3,6403.6k $253.0k $253.0k 0.00% Reduced -60 -60
86 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 3,6343.6k $252.6k $252.6k 0.01% Added +376 +376
87 RMR Capital Management, LLC 0.18% of their portfolio Tustin, CA 3,6213.6k $251.7k $251.7k 0.18% Unchanged
88 ASHTON THOMAS SECURITIES, LLC 0.03% of their portfolio ROCHESTER, NY 3,5503.5k $246.8k $246.8k 0.03% New
89 CWM, LLC 0.00% of their portfolio OMAHA, NE 3,4973.5k $243.1k $243.1k 0.00% Reduced -24 -24
90 Vise Technologies, Inc. 0.00% of their portfolio NEW YORK, NY 3,3763.4k $231.3k $231.3k 0.00% Unchanged
91 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 3,2983.3k $229.3k $229.3k 0.00% Added +2.2k +2,225
92 BARRETT & COMPANY, INC. 0.08% of their portfolio PROVIDENCE, RI 3,1543.2k $219.3k $219.3k 0.08% Reduced -122 -122
93 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 3,0313.0k $210.7k $210.7k 0.00% Added +76 +76
94 Smartleaf Asset Management LLC 0.01% of their portfolio BOSTON, MA 3,0093.0k $204.2k $204.2k 0.01% Added +170 +170
95 Western Wealth Management, LLC 0.01% of their portfolio GOLDEN, CO 2,9553.0k $205.4k $205.4k 0.01% Reduced -750 -750
96 Eagle Strategies LLC 0.02% of their portfolio NEW YORK, NY 2,9533.0k $205.2k $205.2k 0.02% New
97 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 2,9252.9k $203.3k $203.3k 0.00% New
98 Greykasell Wealth Strategies, Inc. 0.07% of their portfolio DANVILLE, CA 2,5462.5k $177.0k $177.0k 0.07% Added +10 +10
99 City State Bank 0.04% of their portfolio NORWALK, IA 2,1962.2k $152.6k $152.6k 0.04% Unchanged
100 Basepoint Wealth LLC 0.07% of their portfolio CEDAR RAPIDS, IA 1,7641.8k $122.6k $122.6k 0.07% Added +2 +2