Vault-13

ISHARES TR ITA

US AER DEF ETF · ETP · CUSIP 464288760

628 institutional holders +85 vs Q3 2023
28,211,51728.2m shares reported held*
$3.6bnreported value*
92 new 227 added 174 reduced 44 sold out net bought ≈ $551.2m (+4.3m 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 ($747.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $127.27. Options: 7 managers hold calls ($94.8m notional), 6 hold puts ($25.6m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 423Q4 22: 515Q1 23: 549Q2 23: 559Q3 23: 543Q4 23: 628628Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022423
Q4 2022515
Q1 2023549
Q2 2023559
Q3 2023543
Q4 2023628

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 299 bought or addedQ4 22: 124 cut or sold outQ4 22Q1 23: 313 bought or addedQ1 23: 173 cut or sold outQ1 23Q2 23: 257 bought or addedQ2 23: 230 cut or sold outQ2 23Q3 23: 209 bought or addedQ3 23: 252 cut or sold outQ3 23Q4 23: 319 bought or addedQ4 23: 218 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022299124
Q1 2023313173
Q2 2023257230
Q3 2023209252
Q4 2023319218

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 23 calls: $114.2mQ1 23 puts: $61.2mQ1 23P/C 0.54Q2 23 calls: $121.9mQ2 23 puts: $74.7mQ2 23P/C 0.61Q3 23 calls: $77.8mQ3 23 puts: $45.5mQ3 23P/C 0.58Q4 23 calls: $94.8mQ4 23 puts: $25.6mQ4 23P/C 0.27
Numbers
QuarterCallsPutsP/C
Q1 2023$114.2m$61.2m0.54
Q2 2023$121.9m$74.7m0.61
Q3 2023$77.8m$45.5m0.58
Q4 2023$94.8m$25.6m0.27

Biggest buyers

MORGAN STANLEY Added +2,256,307+2.3m
JPMORGAN CHASE & CO Added +1,051,235+1.1m
BANK OF AMERICA CORP /DE/ Added +589,863+589.9k
BNP PARIBAS FINANCIAL MARKETS Added +250,970+251.0k
ENVESTNET ASSET MANAGEMENT INC Added +184,937+184.9k
WELLS FARGO & COMPANY/MN Added +109,357+109.4k
HighTower Advisors, LLC Added +88,311+88.3k
Clark Capital Management Group, Inc. New +73,080+73.1k
MML INVESTORS SERVICES, LLC Added +70,468+70.5k
Ocean Park Asset Management, LLC New +68,736+68.7k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -302,760-302.8k
TWO SIGMA INVESTMENTS, LP Reduced -221,000-221.0k
TWO SIGMA ADVISERS, LP Sold out -119,400-119.4k
MILLENNIUM MANAGEMENT LLC Sold out -119,365-119.4k
Blue Chip Partners, LLC Sold out -105,843-105.8k
Financial Advocates Investment Management Reduced -97,293-97.3k
OSAIC HOLDINGS, INC. Reduced -63,893-63.9k
Richard Bernstein Advisors LLC Reduced -52,412-52.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -45,472-45.5k
Norris Financial Group, LLC Sold out -41,223-41.2k

Biggest calls

GOLDMAN SACHS GROUP INC Unchanged $33.1m261.3k shares
CITADEL ADVISORS LLC Added $20.2m159.4k shares
CITIGROUP INC Unchanged $16.5m130.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $13.3m104.8k shares
WOLVERINE TRADING, LLC Added $9.1m71.8k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $2.5m19.9k shares
Cutler Group LLC / CA Added $160.0k24.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.1m95.6k shares
CITADEL ADVISORS LLC Reduced $9.3m73.1k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $3.0m23.6k shares
WOLVERINE TRADING, LLC Reduced $1.1m8.9k shares
Lido Advisors, LLC New $164.6k1.3k shares
Cutler Group LLC / CA Reduced $1.0k2.6k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 8,655,0168.7m $1.1bn $1.1bn 0.12% Added +589.9k +589,863
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 4,000,5824.0m $506.5m $506.5m 0.02% Added +2.3m +2,256,307
3 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,006,0862.0m $254.0m $254.0m 0.01% Added +1.1m +1,051,235
4 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 918,917918.9k $116.3m $116.3m 0.07% Reduced -36.2k -36,174
5 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 792,684792.7k $100.3m $100.3m 0.03% Reduced -24.6k -24,621
6 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 717,227717.2k $90.8m $90.8m 0.03% Added +109.4k +109,357
7 UBS Group AG 0.03% of their portfolio ZURICH, V8 597,966598.0k $75.7m $75.7m 0.03% Reduced -20.4k -20,365
8 Richard Bernstein Advisors LLC 1.57% of their portfolio NEW YORK, NY 558,902558.9k $70.8m $70.8m 1.57% Reduced -52.4k -52,412
9 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 500,193500.2k $63.3m $63.3m 0.02% Added +42.6k +42,619
10 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 478,181478.2k $60.5m $60.5m 0.03% Added +184.9k +184,937
11 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 377,891377.9k $47.9m $47.9m 0.08% Reduced -63.9k -63,893
12 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 300,053300.1k $38.0m $38.0m 0.07% Added +251.0k +250,970
13 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 285,114285.1k $36.1m $36.1m 0.05% Added +19.1k +19,123
14 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 264,116264.1k $33.4m $33.4m 0.06% Added +8.3k +8,322
15 MML INVESTORS SERVICES, LLC 0.15% of their portfolio SPRINGFIELD, MA 263,355263.4k $33.3m $33.3m 0.15% Added +70.5k +70,468
16 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 187,304187.3k $23.7m $23.7m 0.02% Added +23.8k +23,775
17 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 177,199177.2k $22.4m $22.4m 0.04% Added +88.3k +88,311
18 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 176,741176.7k $22.4m $22.4m 0.04% Added +20.1k +20,145
19 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.48% of their portfolio PORTLAND, OR 168,250168.2k $21.3m $21.3m 0.48% Reduced -8.5k -8,451
20 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 154,817154.8k $19.6m $19.6m 0.03% Added +17.3k +17,263
21 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 148,595148.6k $18.8m $18.8m 0.02% Added +29.8k +29,781
22 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 145,372145.4k $18.4m $18.4m 0.08% Added +2.9k +2,920
23 SPC Financial, Inc. 1.75% of their portfolio ROCKVILLE, MD 135,818135.8k $17.2m $17.2m 1.75% Reduced -2.3k -2,327
24 Cetera Advisor Networks LLC 0.09% of their portfolio EL SEGUNDO, CA 133,788133.8k $16.9m $16.9m 0.09% Added +7.2k +7,232
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 132,179132.2k $16.7m $16.7m 0.00% Reduced -302.8k -302,760
26 Janney Capital Management LLC 1.11% of their portfolio PITTSBURGH, PA 130,297130.3k $16.5m $16.5m 1.11% Reduced -8.0k -8,028
27 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 126,998127.0k $16.1m $16.1m 0.05% Added +9.5k +9,464
28 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 120,654120.7k $15.3m $15.3m 0.02% Added +63.8k +63,825
29 Cetera Advisors LLC 0.17% of their portfolio DENVER, CO 98,07198.1k $12.4m $12.4m 0.17% Added +11.4k +11,352
30 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 97,67297.7k $12.4m $12.4m 0.01% Added +41.0k +40,960
31 Advisory Services Network, LLC 0.29% of their portfolio ATLANTA, GA 92,98593.0k $11.8m $11.8m 0.29% Added +11.6k +11,573
32 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 85,94985.9k $10.9m $10.9m 0.03% Reduced -2.6k -2,613
33 BENJAMIN F. EDWARDS & COMPANY, INC. 0.22% of their portfolio ST. LOUIS, MO 85,22085.2k $10.8m $10.8m 0.22% Added +2.9k +2,891
34 MinichMacGregor Wealth Management, LLC 2.99% of their portfolio Saratoga Springs, NY 81,65781.7k $10.3m $10.3m 2.99% Reduced -5.1k -5,100
35 Evolution Wealth Advisors, LLC 2.00% of their portfolio AVENTURA, FL 78,58178.6k $9.9m $9.9m 2.00% Reduced -190 -190
36 Perigon Wealth Management, LLC 0.33% of their portfolio SAN FRANCISCO, CA 78,51278.5k $9.9m $9.9m 0.33% Added +3.4k +3,397
37 Clark Capital Management Group, Inc. 0.08% of their portfolio PHILADELPHIA, PA 73,08073.1k $9.3m $9.3m 0.08% New
38 Chicago Wealth Management, Inc. 6.09% of their portfolio CHICAGO, IL 70,42170.4k $8.9m $8.9m 6.09% Reduced -535 -535
39 Ocean Park Asset Management, LLC 0.43% of their portfolio SANTA MONICA, CA 68,73668.7k $8.7m $8.7m 0.43% New
40 AVANTAX ADVISORY SERVICES, INC. 0.09% of their portfolio DALLAS, TX 67,70767.7k $8.6m $8.6m 0.09% Reduced -2.0k -1,966
41 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 63,50663.5k $8.0m $8.0m 0.07% Added +20.2k +20,184
42 Accurate Wealth Management, LLC 2.24% of their portfolio WESLEY CHAPEL, FL 59,33659.3k $7.2m $7.2m 2.24% New
43 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 58,92858.9k $7.5m $7.5m 0.02% Added +5.6k +5,605
44 INTERACTIVE FINANCIAL ADVISORS, INC. 14.94% of their portfolio New Lenox, IL 58,35658.4k $27.9m $27.9m 14.94% Added +38.6k +38,566
45 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 57,71057.7k $7.3m $7.3m 0.06% Added +1.2k +1,188
46 Kraft, Davis & Associates, LLC 2.06% of their portfolio St. Louis, MO 56,25156.3k $6.8m $6.8m 2.06% New
47 INDEPENDENT FINANCIAL GROUP, LLC 0.38% of their portfolio SAN DIEGO, CA 55,90355.9k $7.1m $7.1m 0.38% Reduced -865 -865
48 Mariner, LLC 0.02% of their portfolio Overland Park, KS 53,19853.2k $6.7m $6.7m 0.02% Added +18.7k +18,720
49 MEITAV INVESTMENT HOUSE LTD 0.10% of their portfolio BENE-BERAQ, L3 52,12252.1k $6.6m $6.6m 0.10% Reduced -314 -314
50 ARRIEN INVESTMENTS, INC. 5.57% of their portfolio BOISE, ID 50,11250.1k $6.3m $6.3m 5.57% Added +3.5k +3,456
51 Fifth Third Securities, Inc. 0.64% of their portfolio Cincinnati, OH 48,72848.7k $6.2m $6.2m 0.64% Reduced -28.4k -28,435
52 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 48,57148.6k $6.1m $6.1m 0.05% Reduced -2.4k -2,437
53 DFPG INVESTMENTS, LLC 0.46% of their portfolio SANDY, UT 48,07248.1k $5.9m $5.9m 0.46% Reduced -841 -841
54 Atria Wealth Solutions, Inc. 0.08% of their portfolio NEW YORK, NY 47,25447.3k $6.0m $6.0m 0.08% Added +5.9k +5,938
55 Granite Bay Wealth Management, LLC 0.05% of their portfolio PORTSMOUTH, NH 46,45646.5k $5.4m $5.4m 0.05% Added +30.0k +30,036
56 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 45,32245.3k $5.7m $5.7m 0.01% Added +13.4k +13,390
57 Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD 1.11% of their portfolio Tel Aviv, L3 44,30044.3k $5.6m $5.6m 1.11% Unchanged
58 J.W. COLE ADVISORS, INC. 0.33% of their portfolio TAMPA, FL 44,19344.2k $5.6m $5.6m 0.33% Added +37.2k +37,156
59 HERBST GROUP, LLC 3.45% of their portfolio WESTPORT, CT 42,53042.5k $5.4m $5.4m 3.45% Reduced -265 -265
60 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 41,14941.1k $5.2m $5.2m 0.01% Reduced -2.7k -2,744
61 Jefferies Financial Group Inc. 0.08% of their portfolio NEW YORK, NY 40,32440.3k $5.1m $5.1m 0.08% New
62 Bedell Frazier Investment Counselling, LLC 1.40% of their portfolio Walnut Creek, CA 40,20140.2k $5.1m $5.1m 1.40% Reduced -1.1k -1,111
63 WEXFORD CAPITAL LP 1.07% of their portfolio WEST PALM BEACH, FL 39,47639.5k $5.0m $5.0m 1.07% New
64 Veltria Advisors Corp. 1.61% of their portfolio MIAMI, FL 38,06638.1k $4.8m $4.8m 1.61% Added +975 +975
65 OPPENHEIMER & CO INC 0.09% of their portfolio NEW YORK, NY 37,99038.0k $4.8m $4.8m 0.09% Added +7.2k +7,222
66 CONFLUENCE INVESTMENT MANAGEMENT LLC 0.07% of their portfolio ST. LOUIS, MO 37,63437.6k $4.8m $4.8m 0.07% Reduced -768 -768
67 Phoenix Financial Ltd. 0.08% of their portfolio Givatayim, L3 36,24736.2k $4.6m $4.6m 0.08% Added +3.2k +3,191
68 WealthCare Investment Partners, LLC 2.41% of their portfolio PORTSMOUTH, RI 36,01336.0k $4.4m $4.4m 2.41% Added +42 +42
69 NWAM LLC 0.36% of their portfolio MERCER ISLAND, WA 35,10935.1k $4.4m $4.4m 0.36% New
70 Bluesphere Advisors LLC 2.76% of their portfolio EAST NORRITON, PA 35,10035.1k $4.4m $4.4m 2.76% Added +2.8k +2,787
71 FOCUS Wealth Advisors, LLC 2.78% of their portfolio HOUSTON, TX 34,65234.7k $4.4m $4.4m 2.78% Added +6 +6
72 MRA Advisory Group 2.86% of their portfolio PARSIPPANY, NJ 34,29234.3k $4.3m $4.3m 2.86% Added +7.6k +7,556
73 Cadent Capital Advisors, LLC 2.08% of their portfolio TULSA, OK 32,40032.4k $4.1m $4.1m 2.08% Added +95 +95
74 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 32,27232.3k $4.1m $4.1m 0.05% Added +719 +719
75 Well Done, LLC 0.79% of their portfolio HOLLAND, MI 31,93031.9k $4.0m $4.0m 0.79% Reduced -2.0k -2,046
76 Prime Capital Investment Advisors, LLC 0.06% of their portfolio OVERLAND PARK, KS 30,82830.8k $3.9m $3.9m 0.06% Reduced -20.2k -20,244
77 Yarbrough Capital, LLC 0.20% of their portfolio FRANKLIN, TN 30,39330.4k $3.8m $3.8m 0.20% Unchanged
78 GARNET EQUITY CAPITAL HOLDINGS, INC. 3.81% of their portfolio NEW YORK, NY 30,00030.0k $3.8m $3.8m 3.81% Added +7.0k +7,000
79 PARAGON FINANCIAL PARTNERS, INC. 3.62% of their portfolio WOODLAND HILLS, CA 29,78829.8k $3.8m $3.8m 3.62% Reduced -542 -542
80 5th Street Advisors, LLC 2.32% of their portfolio Southport, CT 29,57029.6k $3.7m $3.7m 2.32% Added +2.1k +2,144
81 Tower Research Capital LLC (TRC) 0.04% of their portfolio NEW YORK, NY 28,13528.1k $3.6m $3.6m 0.04% Added +17.7k +17,726
82 CWM, LLC 0.02% of their portfolio OMAHA, NE 27,64127.6k $3.5m $3.5m 0.02% Added +663 +663
83 Prospera Financial Services Inc 0.11% of their portfolio Dallas, TX 27,38327.4k $3.5m $3.5m 0.11% Added +25.1k +25,132
84 Principle Wealth Partners LLC 0.27% of their portfolio MADISON, CT 25,03225.0k $3.2m $3.2m 0.27% Added +8.3k +8,275
85 Atria Investments, Inc 0.05% of their portfolio Charlotte, NC 24,85824.9k $3.1m $3.1m 0.05% Reduced -3.7k -3,715
86 Hamilton Wealth, LLC 0.98% of their portfolio LOS ANGELES, CA 24,56824.6k $3.1m $3.1m 0.98% New
87 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 23,56823.6k $3.0m $3.0m 0.00% Reduced -16.7k -16,665
88 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 23,41423.4k $3.0m $3.0m 0.03% Reduced -1.9k -1,911
89 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 23,40023.4k $3.0m $3.0m 0.00% New
90 LINCOLN NATIONAL CORP 0.05% of their portfolio RADNOR, PA 23,35923.4k $3.0m $3.0m 0.05% Added +713 +713
91 JMAC ENTERPRISES LLC 0.63% of their portfolio NEWTOWN, PA 23,18723.2k $2.9m $2.9m 0.63% Added +341 +341
92 WESPAC Advisors, LLC 2.00% of their portfolio ORINDA, CA 22,79122.8k $2.9m $2.9m 2.00% Reduced -292 -292
93 PARK AVENUE SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 22,69222.7k $2.9m $2.9m 0.04% Added +3.6k +3,607
94 BigSur Wealth Management LLC 1.37% of their portfolio MIAMI, FL 22,68522.7k $2.9m $2.9m 1.37% Added +950 +950
95 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 22,59522.6k $2.8m $2.8m 0.03% Added +4.3k +4,315
96 PHILADELPHIA TRUST CO 0.27% of their portfolio PHILADELPHIA, PA 22,59222.6k $2.9m $2.9m 0.27% Reduced -5.0k -4,961
97 B. Riley Wealth Advisors, Inc. 0.08% of their portfolio MEMPHIS, TN 22,57622.6k $2.9m $2.9m 0.08% Added +889 +889
98 Geneos Wealth Management Inc. 0.14% of their portfolio ENGLEWOOD, CO 22,53722.5k $2.9m $2.9m 0.14% Reduced -1.1k -1,100
99 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 22,36022.4k $2.8m $2.8m 0.02% Added +710 +710
100 Financial Partners Group, Inc 0.50% of their portfolio Overland Park, KS 22,04022.0k $2.8m $2.8m 0.50% Reduced -132 -132