Vault-13

ISHARES TR ITA

US AER DEF ETF · ETP · CUSIP 464288760

701 institutional holders +2 vs Q4 2024
18,121,84318.1m shares reported held*
$2.8bnreported value*
66 new 210 added 256 reduced 61 sold out net sold ≈ $182.8m (-1.2m 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 ($1.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $152.83. Options: 8 managers hold calls ($130.1m notional), 9 hold puts ($80.0m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 423Q4 22: 515Q1 23: 549Q2 23: 559Q3 23: 543Q4 23: 628Q1 24: 614Q2 24: 622Q3 24: 654Q4 24: 699Q1 25: 701701Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022423
Q4 2022515
Q1 2023549
Q2 2023559
Q3 2023543
Q4 2023628
Q1 2024614
Q2 2024622
Q3 2024654
Q4 2024699
Q1 2025701

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 257 bought or addedQ2 23: 230 cut or sold outQ3 23: 209 bought or addedQ3 23: 252 cut or sold outQ3 23Q4 23: 319 bought or addedQ4 23: 218 cut or sold outQ1 24: 247 bought or addedQ1 24: 278 cut or sold outQ1 24Q2 24: 273 bought or addedQ2 24: 235 cut or sold outQ3 24: 291 bought or addedQ3 24: 259 cut or sold outQ3 24Q4 24: 310 bought or addedQ4 24: 251 cut or sold outQ1 25: 276 bought or addedQ1 25: 317 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023257230
Q3 2023209252
Q4 2023319218
Q1 2024247278
Q2 2024273235
Q3 2024291259
Q4 2024310251
Q1 2025276317

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 24 calls: $21.1mQ2 24 puts: $23.4mQ2 24P/C 1.11Q3 24 calls: $44.7mQ3 24 puts: $26.1mQ3 24P/C 0.58Q4 24 calls: $100.9mQ4 24 puts: $62.8mQ4 24P/C 0.62Q1 25 calls: $130.1mQ1 25 puts: $80.0mQ1 25P/C 0.61
Numbers
QuarterCallsPutsP/C
Q2 2024$21.1m$23.4m1.11
Q3 2024$44.7m$26.1m0.58
Q4 2024$100.9m$62.8m0.62
Q1 2025$130.1m$80.0m0.61

Biggest buyers

GOLDMAN SACHS GROUP INC Added +151,757+151.8k
Marks Wealth, LLC New +81,901+81.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +71,558+71.6k
ENVESTNET ASSET MANAGEMENT INC Added +65,889+65.9k
UBS Group AG Added +55,823+55.8k
Geneos Wealth Management Inc. Added +50,013+50.0k
BARCLAYS PLC Added +36,998+37.0k
FOUNDERS FINANCIAL SECURITIES LLC Added +33,251+33.3k
HighTower Advisors, LLC Added +31,536+31.5k
SOA Wealth Advisors, LLC. Added +31,231+31.2k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -852,998-853.0k
TWO SIGMA INVESTMENTS, LP Sold out -268,400-268.4k
MORGAN STANLEY Reduced -125,681-125.7k
STIFEL FINANCIAL CORP Reduced -122,819-122.8k
BENJAMIN EDWARDS INC Reduced -90,069-90.1k
AMERIPRISE FINANCIAL INC Reduced -52,569-52.6k
Essential Planning, LLC. Sold out -49,172-49.2k
CIBC WORLD MARKET INC. Reduced -42,899-42.9k
CONFLUENCE INVESTMENT MANAGEMENT LLC Sold out -41,178-41.2k
San Luis Wealth Advisors LLC Reduced -40,986-41.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $52.9m345.6k shares
Twin Tree Management, LP Reduced $38.5m251.2k shares
JANE STREET GROUP, LLC Reduced $20.9m136.8k shares
CITADEL ADVISORS LLC Added $10.5m68.5k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $4.0m26.4k shares
WOLVERINE TRADING, LLC Added $2.6m17.1k shares
Squarepoint Ops LLC New $459.3k3.0k shares
Cubist Systematic Strategies, LLC Reduced $214.3k1.4k shares

Biggest puts

Twin Tree Management, LP Unchanged $29.4m191.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.1m118.2k shares
CITADEL ADVISORS LLC Added $16.5m107.7k shares
JANE STREET GROUP, LLC Added $7.9m51.5k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $3.8m24.6k shares
WOLVERINE TRADING, LLC Added $3.1m20.0k shares
Cubist Systematic Strategies, LLC Reduced $627.7k4.1k shares
Squarepoint Ops LLC New $459.3k3.0k shares
BANK OF NOVA SCOTIA Unchanged $183.7k1.2k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 3,242,6923.2m $496.5m $496.5m 0.04% Reduced -853.0k -852,998
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 1,789,1481.8m $273.9m $273.9m 0.02% Reduced -125.7k -125,681
3 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 1,111,2051.1m $170.1m $170.1m 0.07% Reduced -2.7k -2,656
4 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 839,283839.3k $128.5m $128.5m 0.03% Added +12.0k +12,011
5 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 723,956724.0k $110.9m $110.9m 0.03% Reduced -52.6k -52,569
6 UBS Group AG 0.02% of their portfolio ZURICH, V8 605,993606.0k $92.8m $92.8m 0.02% Added +55.8k +55,823
7 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 450,709450.7k $69.0m $69.0m 0.03% Reduced -20.2k -20,195
8 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 424,645424.6k $65.0m $65.0m 0.01% Added +151.8k +151,757
9 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 379,424379.4k $58.1m $58.1m 0.01% Reduced -33.7k -33,659
10 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 297,302297.3k $45.5m $45.5m 0.06% Reduced -13.8k -13,799
11 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 279,711279.7k $42.8m $42.8m 0.10% Added +18.2k +18,197
12 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 250,167250.2k $38.3m $38.3m 0.07% Added +22.9k +22,941
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 227,195227.2k $34.8m $34.8m 0.01% Added +65.9k +65,889
14 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 216,988217.0k $33.2m $33.2m 0.11% Reduced -28.4k -28,373
15 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 202,983203.0k $31.1m $31.1m 0.00% Reduced -4.2k -4,188
16 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 179,543179.5k $27.5m $27.5m 0.04% Added +31.5k +31,536
17 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 174,358174.4k $26.7m $26.7m 0.03% Reduced -122.8k -122,819
18 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 172,946172.9k $26.5m $26.5m 0.07% Added +26.0k +26,015
19 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 159,700159.7k $24.5m $24.5m 0.04% Added +2.8k +2,750
20 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 159,076159.1k $24.4m $24.4m 0.02% First filing
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 140,045140.0k $21.4m $21.4m 0.02% Added +4.3k +4,337
22 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 133,627133.6k $20.5m $20.5m 0.04% Added +11.8k +11,768
23 SPC Financial, Inc. 1.76% of their portfolio ROCKVILLE, MD 130,969131.0k $20.1m $20.1m 1.76% Reduced -916 -916
24 Janney Capital Management LLC 1.17% of their portfolio PITTSBURGH, PA 111,528111.5k $17.1m $17.1m 1.17% Reduced -2.3k -2,256
25 Cadent Capital Advisors, LLC 6.23% of their portfolio TULSA, OK 107,111107.1k $16.4m $16.4m 6.23% Reduced -2.6k -2,595
26 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 104,852104.9k $16.1m $16.1m 0.05% Added +15.7k +15,715
27 Advisory Services Network, LLC 0.28% of their portfolio ATLANTA, GA 94,46094.5k $14.5m $14.5m 0.28% Added +2.3k +2,261
28 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 83,94683.9k $12.9m $12.9m 0.02% Reduced -23.6k -23,554
29 MinichMacGregor Wealth Management, LLC 2.86% of their portfolio Saratoga Springs, NY 83,25683.3k $12.7m $12.7m 2.86% Added +8.4k +8,441
30 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.25% of their portfolio PORTLAND, OR 82,69982.7k $12.7m $12.7m 0.25% Reduced -2.2k -2,228
31 Marks Wealth, LLC 4.60% of their portfolio ELLICOTT CITY, MD 81,90181.9k $12.5m $12.5m 4.60% New
32 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 77,49277.5k $11.9m $11.9m 0.02% Added +71.6k +71,558
33 Diversify Advisory Services, LLC 0.75% of their portfolio SANDY, UT 76,83776.8k $12.0m $12.0m 0.75% Added +2.0k +2,030
34 Chicago Wealth Management, Inc. 6.09% of their portfolio CHICAGO, IL 75,89075.9k $11.6m $11.6m 6.09% Added +1.3k +1,259
35 Prospera Financial Services Inc 0.23% of their portfolio Dallas, TX 65,08665.1k $10.0m $10.0m 0.23% Added +4.6k +4,553
36 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 60,86560.9k $9.3m $9.3m 0.01% Added +19.8k +19,787
37 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 60,67660.7k $9.4m $9.4m 0.02% Added +28.1k +28,054
38 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 58,59758.6k $9.0m $9.0m 0.02% Added +377 +377
39 Geneos Wealth Management Inc. 0.12% of their portfolio ENGLEWOOD, CO 55,58055.6k $8.5m $8.5m 0.12% Added +50.0k +50,013
40 FOUNDERS FINANCIAL SECURITIES LLC 0.70% of their portfolio TOWSON, MD 53,25853.3k $8.3m $8.3m 0.70% Added +33.3k +33,251
41 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 52,19152.2k $8.0m $8.0m 0.02% Reduced -8.3k -8,288
42 INDEPENDENT FINANCIAL GROUP, LLC 0.27% of their portfolio SAN DIEGO, CA 51,39651.4k $7.9m $7.9m 0.27% Reduced -22.6k -22,641
43 Ocean Park Asset Management, LLC 0.27% of their portfolio SANTA MONICA, CA 50,17750.2k $7.7m $7.7m 0.27% Added +6.1k +6,123
44 AVANTAX ADVISORY SERVICES, INC. 0.05% of their portfolio DALLAS, TX 49,80049.8k $7.6m $7.6m 0.05% Reduced -31.1k -31,067
45 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 49,07149.1k $7.5m $7.5m 0.04% Added +4.4k +4,444
46 Richard Bernstein Advisors LLC 0.17% of their portfolio NEW YORK, NY 47,18047.2k $7.2m $7.2m 0.17% Reduced -4.9k -4,931
47 ARRIEN INVESTMENTS, INC. 5.09% of their portfolio BOISE, ID 46,32746.3k $7.1m $7.1m 5.09% Reduced -650 -650
48 WealthCare Investment Partners, LLC 2.87% of their portfolio PORTSMOUTH, RI 46,28846.3k $6.8m $6.8m 2.87% Added +3.2k +3,156
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 44,60044.6k $6.8m $6.8m 0.00% Added +37.0k +36,998
50 Arkadios Wealth Advisors 0.24% of their portfolio ATLANTA, GA 41,14441.1k $6.3m $6.3m 0.24% Added +12.0k +11,951
51 OPPENHEIMER & CO INC 0.09% of their portfolio NEW YORK, NY 38,86738.9k $6.0m $6.0m 0.09% Reduced -1.7k -1,732
52 Mariner, LLC 0.01% of their portfolio Overland Park, KS 38,08938.1k $5.8m $5.8m 0.01% Reduced -138 -138
53 Atria Investments, Inc 0.07% of their portfolio Charlotte, NC 37,09437.1k $5.7m $5.7m 0.07% Added +12.7k +12,721
54 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 36,47836.5k $5.6m $5.6m 0.03% Reduced -21.9k -21,903
55 FOCUS Wealth Advisors, LLC 3.08% of their portfolio HOUSTON, TX 36,39036.4k $5.6m $5.6m 3.08% Reduced -804 -804
56 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 36,11336.1k $5.5m $5.5m 0.05% Added +1.1k +1,133
57 5th Street Advisors, LLC 2.66% of their portfolio Southport, CT 35,98436.0k $5.5m $5.5m 2.66% Added +127 +127
58 CASTLEARK MANAGEMENT LLC 0.19% of their portfolio CHICAGO, IL 35,26035.3k $5.4m $5.4m 0.19% Unchanged
59 Waverly Advisors, LLC 0.07% of their portfolio BIRMINGHAM, AL 34,96235.0k $5.4m $5.4m 0.07% Added +17.6k +17,555
60 MRA Advisory Group 2.80% of their portfolio PARSIPPANY, NJ 34,30334.3k $5.3m $5.3m 2.80% Added +2.0k +2,022
61 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 34,30034.3k $5.3m $5.3m 0.00% Added +783 +783
62 IFP Advisors, Inc 0.16% of their portfolio TAMPA, FL 33,83033.8k $5.2m $5.2m 0.16% Added +29.4k +29,371
63 Well Done, LLC 0.88% of their portfolio HOLLAND, MI 33,29633.3k $4.8m $4.8m 0.88% Added +1.2k +1,180
64 Bluesphere Advisors LLC 2.88% of their portfolio EAST NORRITON, PA 32,90132.9k $5.0m $5.0m 2.88% Reduced -100 -100
65 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 32,35032.4k $5.0m $5.0m 0.01% Added +19.2k +19,154
66 SOA Wealth Advisors, LLC. 0.04% of their portfolio NEW YORK, NY 32,26532.3k $189.5k $189.5k 0.04% Added +31.2k +31,231
67 Atria Wealth Solutions, Inc. 0.06% of their portfolio NEW YORK, NY 32,18432.2k $4.9m $4.9m 0.06% Reduced -7.6k -7,621
68 LITTLEJOHN FINANCIAL SERVICES, INC. 3.84% of their portfolio ROSEBURG, OR 31,73931.7k $4.9m $4.9m 3.84% Reduced -117 -117
69 BANQUE PICTET & CIE SA 0.05% of their portfolio GENEVA 73, V8 30,53530.5k $4.7m $4.7m 0.05% Reduced -215 -215
70 Yarbrough Capital, LLC 0.20% of their portfolio FRANKLIN, TN 30,39330.4k $4.7m $4.7m 0.20% Unchanged
71 FLOW TRADERS U.S. LLC 0.20% of their portfolio NEW YORK, NY 30,35930.4k $4.6m $4.6m 0.20% New
72 BigSur Wealth Management LLC 1.19% of their portfolio MIAMI, FL 28,75328.8k $4.4m $4.4m 1.19% Reduced -142 -142
73 Prime Capital Investment Advisors, LLC 0.05% of their portfolio OVERLAND PARK, KS 28,70328.7k $4.4m $4.4m 0.05% Added +2.7k +2,664
74 Phoenix Financial Ltd. 0.07% of their portfolio Givatayim, L3 28,59328.6k $4.4m $4.4m 0.07% Reduced -9.5k -9,500
75 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 28,56228.6k $4.4m $4.4m 0.04% Added +3.2k +3,201
76 PARAGON FINANCIAL PARTNERS, INC. 3.38% of their portfolio WOODLAND HILLS, CA 28,22328.2k $4.3m $4.3m 3.38% Added +43 +43
77 Quantitative Investment Management, LLC 0.39% of their portfolio CHARLOTTESVILLE, VA 27,81627.8k $4.3m $4.3m 0.39% Added +496 +496
78 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 27,47927.5k $4.2m $4.2m 0.00% Added +5.2k +5,230
79 Principle Wealth Partners LLC 0.30% of their portfolio MADISON, CT 27,33027.3k $4.2m $4.2m 0.30% Reduced -332 -332
80 NewEdge Wealth, LLC 0.08% of their portfolio STAMFORD, CT 27,17027.2k $4.2m $4.2m 0.08% Reduced -2.8k -2,772
81 TD Waterhouse Canada Inc. 0.03% of their portfolio TORONTO, A6 27,00627.0k $4.1m $4.1m 0.03% Added +25.5k +25,530
82 CWM, LLC 0.02% of their portfolio OMAHA, NE 26,97427.0k $4.1m $4.1m 0.02% Added +245 +245
83 Fifth Third Securities, Inc. 0.35% of their portfolio Cincinnati, OH 26,88526.9k $4.1m $4.1m 0.35% Reduced -3.8k -3,826
84 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 26,58526.6k $4.1m $4.1m 0.02% Reduced -25 -25
85 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 25,58225.6k $3.9m $3.9m 0.06% Added +4.1k +4,098
86 Bristlecone Advisors, LLC 0.30% of their portfolio BELLEVUE, WA 24,06624.1k $3.7m $3.7m 0.30% Added +1.8k +1,830
87 Stratos Wealth Partners, LTD. 0.06% of their portfolio BEACHWOOD, OH 23,88823.9k $3.7m $3.7m 0.06% Added +6.5k +6,506
88 SCOTIA CAPITAL INC. 0.02% of their portfolio TORONTO, A6 23,22823.2k $3.6m $3.6m 0.02% Reduced -1.1k -1,092
89 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 23,15623.2k $3.5m $3.5m 0.01% Reduced -283 -283
90 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 23,02423.0k $3.5m $3.5m 0.02% Added +5.1k +5,126
91 COTTONWOOD CAPITAL ADVISORS, LLC 2.56% of their portfolio SALT LAKE CITY, UT 22,76022.8k $3.5m $3.5m 2.56% Added +2.3k +2,263
92 Global Assets Advisory, LLC 0.63% of their portfolio ORLANDO, FL 22,66422.7k $3.3m $3.3m 0.63% Added +16.2k +16,192
93 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 22,54622.5k $3.5m $3.5m 0.01% Reduced -26.0k -26,016
94 Ignite Planners, LLC 0.69% of their portfolio SAN CLEMENTE, CA 22,38722.4k $3.5m $3.5m 0.69% Added +8.6k +8,613
95 Sanctuary Advisors, LLC 0.02% of their portfolio INDIANAPOLIS, IN 21,98422.0k $3.4m $3.4m 0.02% Reduced -605 -605
96 Financial Partners Group, Inc 0.51% of their portfolio Overland Park, KS 21,75021.8k $3.3m $3.3m 0.51% Reduced -1.4k -1,373
97 Capstone Wealth Management Group LLC 2.66% of their portfolio Bend, OR 21,73921.7k $3.3m $3.3m 2.66% Reduced -810 -810
98 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 21,25621.3k $3.3m $3.3m 0.02% Added +351 +351
99 HARBOUR INVESTMENTS, INC. 0.09% of their portfolio MADISON, WI 21,14021.1k $3.2m $3.2m 0.09% Reduced -2.4k -2,410
100 WNY Asset Management, LLC 0.38% of their portfolio Williamsville, NY 20,75020.8k $3.2m $3.2m 0.38% Added +16.4k +16,362