Vault-13

ISHARES TR ITA

US AER DEF ETF · ETP · CUSIP 464288760

1,031 institutional holders +40 vs Q4 2025
29,037,10629.0m shares reported held*
$6.3bnreported value*
149 new 403 added 280 reduced 104 sold out net sold ≈ $1.2bn (-6.9m 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 ($9.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $218.60. Options: 12 managers hold calls ($147.6m notional), 7 hold puts ($165.6m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 423Q4 22: 515Q1 23: 549Q2 23: 559Q3 23: 543Q4 23: 628Q1 24: 614Q2 24: 622Q3 24: 654Q4 24: 699Q1 25: 701Q2 25: 756Q3 25: 882Q4 25: 991Q1 26: 1,0311,031Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022423
Q4 2022515
Q1 2023549
Q2 2023559
Q3 2023543
Q4 2023628
Q1 2024614
Q2 2024622
Q3 2024654
Q4 2024699
Q1 2025701
Q2 2025756
Q3 2025882
Q4 2025991
Q1 20261,031

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q2 25: 363 bought or addedQ2 25: 256 cut or sold outQ3 25: 524 bought or addedQ3 25: 230 cut or sold outQ3 25Q4 25: 465 bought or addedQ4 25: 290 cut or sold outQ1 26: 552 bought or addedQ1 26: 384 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024273235
Q3 2024291259
Q4 2024310251
Q1 2025276317
Q2 2025363256
Q3 2025524230
Q4 2025465290
Q1 2026552384

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ2 25 calls: $193.6mQ2 25 puts: $75.9mQ2 25P/C 0.39Q3 25 calls: $134.8mQ3 25 puts: $109.0mQ3 25P/C 0.81Q4 25 calls: $57.5mQ4 25 puts: $108.6mQ4 25P/C 1.89Q1 26 calls: $147.6mQ1 26 puts: $165.6mQ1 26P/C 1.12
Numbers
QuarterCallsPutsP/C
Q2 2025$193.6m$75.9m0.39
Q3 2025$134.8m$109.0m0.81
Q4 2025$57.5m$108.6m1.89
Q1 2026$147.6m$165.6m1.12

Biggest buyers

UBS Group AG Added +1,085,446+1.1m
BlackRock, Inc. Added +257,411+257.4k
AMERIPRISE FINANCIAL INC Added +170,797+170.8k
Qube Research & Technologies Ltd Added +135,857+135.9k
DIVERSIFY WEALTH MANAGEMENT, LLC Added +129,468+129.5k
D. E. Shaw & Co., Inc. New +127,774+127.8k
BANK OF AMERICA CORP /DE/ Added +104,802+104.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +100,628+100.6k
WELLS FARGO & COMPANY/MN Added +94,036+94.0k
Dynasty Wealth Management, LLC Added +90,896+90.9k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -4,018,072-4.0m
BAROMETER CAPITAL MANAGEMENT INC. Sold out -1,569,380-1.6m
LPL Financial LLC Reduced -830,712-830.7k
CWM, LLC Reduced -415,867-415.9k
PARK AVENUE SECURITIES LLC Reduced -407,107-407.1k
Envestnet Portfolio Solutions, Inc. Reduced -395,688-395.7k
MML INVESTORS SERVICES, LLC Reduced -390,843-390.8k
Cetera Investment Advisers Reduced -251,945-251.9k
BNP PARIBAS FINANCIAL MARKETS Reduced -203,318-203.3k
Quadrature Capital Ltd Reduced -202,473-202.5k

Biggest calls

CITADEL ADVISORS LLC Added $54.7m250.0k shares
JANE STREET GROUP, LLC Added $24.3m111.2k shares
CITIGROUP INC New $23.8m108.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $22.3m101.8k shares
Point72 Asset Management, L.P. Added $15.9m72.9k shares
CAPITAL FUND MANAGEMENT S.A. New $2.7m12.2k shares
Belvedere Trading LLC Added $2.3m10.5k shares
Squarepoint Ops LLC Reduced $1.6m7.3k shares
B. Riley Wealth Advisors, Inc. New $42.2k20.0k shares
Orion Porfolio Solutions, LLC New $2191 shares

Biggest puts

CITADEL ADVISORS LLC Added $57.7m263.7k shares
JANE STREET GROUP, LLC Added $34.0m155.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $25.7m117.6k shares
Point72 Asset Management, L.P. Reduced $23.2m106.2k shares
Squarepoint Ops LLC Added $22.5m102.8k shares
Belvedere Trading LLC New $2.5m11.2k shares
MARINER INVESTMENT GROUP LLC New $26.0k10.0k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 3,001,1573.0m $656.5m $656.5m 0.04% Added +7.7k +7,660
2 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 2,997,9743.0m $655.8m $655.8m 0.05% Added +104.8k +104,802
3 LPL Financial LLC 0.14% of their portfolio FORT MILL, SC 2,321,6852.3m $507.9m $507.9m 0.14% Reduced -830.7k -830,712
4 UBS Group AG 0.07% of their portfolio ZURICH, V8 1,729,5641.7m $378.3m $378.3m 0.07% Added +1.1m +1,085,446
5 WELLS FARGO & COMPANY/MN 0.06% of their portfolio SAN FRANCISCO, CA 1,364,6221.4m $298.5m $298.5m 0.06% Added +94.0k +94,036
6 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 943,175943.2k $204.8m $204.8m 0.05% Added +170.8k +170,797
7 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 773,234773.2k $169.1m $169.1m 0.05% Added +55.3k +55,318
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 718,807718.8k $157.2m $157.2m 0.00% Added +257.4k +257,411
9 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 697,903697.9k $152.7m $152.7m 0.04% Reduced -4.0m -4,018,072
10 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 578,027578.0k $121.8m $121.8m 0.01% Reduced -105.2k -105,188
11 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 559,124559.1k $122.3m $122.3m 0.02% Added +59.3k +59,323
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 531,976532.0k $116.4m $116.4m 0.07% Added +100.6k +100,628
13 OSAIC HOLDINGS, INC. 0.16% of their portfolio SCOTTSDALE, AZ 499,791499.8k $109.4m $109.4m 0.16% Added +78.5k +78,533
14 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 381,674381.7k $83.5m $83.5m 0.09% Reduced -251.9k -251,945
15 MML INVESTORS SERVICES, LLC 0.20% of their portfolio SPRINGFIELD, MA 334,192334.2k $73.1m $73.1m 0.20% Reduced -390.8k -390,843
16 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 333,668333.7k $73.0m $73.0m 0.10% Reduced -92.4k -92,365
17 Dynasty Wealth Management, LLC 0.60% of their portfolio ST. PETERSBURG, FL 313,175313.2k $68.5m $68.5m 0.60% Added +90.9k +90,896
18 Rockefeller Capital Management L.P. 0.09% of their portfolio NEW YORK, NY 229,990230.0k $50.3m $50.3m 0.09% Added +40.5k +40,506
19 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 215,949215.9k $47.2m $47.2m 0.04% Reduced -107.8k -107,801
20 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 215,251215.3k $46.5m $46.5m 0.02% Added +84.5k +84,476
21 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 188,154188.2k $41.2m $41.2m 0.10% Reduced -95.3k -95,333
22 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 186,144186.1k $40.7m $40.7m 0.05% Reduced -46.7k -46,719
23 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 177,817177.8k $38.9m $38.9m 0.04% Added +3.1k +3,117
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 173,088173.1k $37.9m $37.9m 0.00% Reduced -24.1k -24,106
25 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 167,916167.9k $36.7m $36.7m 0.09% Reduced -220 -220
26 Equitable Holdings, Inc. 0.23% of their portfolio NEW YORK, NY 167,739167.7k $36.2m $36.2m 0.23% Added +70.9k +70,913
27 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 148,508148.5k $32.5m $32.5m 0.01% Added +11.1k +11,075
28 SAGESPRING WEALTH PARTNERS, LLC 0.58% of their portfolio FRANKLIN, TN 146,539146.5k $32.1m $32.1m 0.58% Added +44.7k +44,652
29 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 145,342145.3k $31.8m $31.8m 0.05% Added +135.9k +135,857
30 DIVERSIFY WEALTH MANAGEMENT, LLC 0.54% of their portfolio SANDY, UT 140,861140.9k $30.0m $30.0m 0.54% Added +129.5k +129,468
31 OpenArc Corporate Advisory, LLC 0.43% of their portfolio ATLANTA, GA 136,311136.3k $29.8m $29.8m 0.43% Added +23.0k +23,018
32 AlphaCore Capital LLC 0.70% of their portfolio LA JOLLA, CA 134,383134.4k $29.4m $29.4m 0.70% Reduced -9.0k -8,989
33 MinichMacGregor Wealth Management, LLC 4.96% of their portfolio Saratoga Springs, NY 128,568128.6k $28.1m $28.1m 4.96% Added +23.7k +23,723
34 D. E. Shaw & Co., Inc. 0.02% of their portfolio New York, NY 127,774127.8k $27.9m $27.9m 0.02% New
35 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 114,778114.8k $25.1m $25.1m 0.02% Reduced -59.6k -59,567
36 IFP Advisors, Inc 0.49% of their portfolio TAMPA, FL 107,384107.4k $23.5m $23.5m 0.49% Reduced -6.2k -6,245
37 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 105,077105.1k $23.0m $23.0m 0.04% Added +5.1k +5,119
38 TD Waterhouse Canada Inc. 0.06% of their portfolio TORONTO, A6 94,12394.1k $21.0m $21.0m 0.06% Added +11.4k +11,360
39 Stratos Wealth Partners, LTD. 0.23% of their portfolio BEACHWOOD, OH 93,21793.2k $20.4m $20.4m 0.23% Added +18.9k +18,920
40 Mariner, LLC 0.02% of their portfolio Overland Park, KS 89,69789.7k $19.6m $19.6m 0.02% Added +3.9k +3,928
41 Cadent Capital Advisors, LLC 4.96% of their portfolio TULSA, OK 85,74485.7k $18.8m $18.8m 4.96% Reduced -10.5k -10,544
42 PARK AVENUE SECURITIES LLC 0.15% of their portfolio NEW YORK, NY 85,10785.1k $18.6m $18.6m 0.15% Reduced -407.1k -407,107
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 82,80882.8k $18.4m $18.4m 0.04% Reduced -69.4k -69,388
44 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 79,32279.3k $17.3m $17.3m 0.03% Reduced -10.9k -10,902
45 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 76,93776.9k $16.8m $16.8m 0.06% Added +6.9k +6,893
46 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 75,81975.8k $16.6m $16.6m 0.08% Reduced -14.8k -14,846
47 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 75,20975.2k $16.5m $16.5m 0.01% New
48 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 74,84274.8k $16.4m $16.4m 0.01% Added +22.8k +22,763
49 Chicago Wealth Management, Inc. 6.49% of their portfolio CHICAGO, IL 74,34074.3k $16.3m $16.3m 6.49% Reduced -904 -904
50 POTOMAC FUND MANAGEMENT INC /ADV 0.54% of their portfolio BETHESDA, MD 70,90070.9k $15.5m $15.5m 0.54% New
51 Prospera Financial Services Inc 0.24% of their portfolio Dallas, TX 69,13169.1k $15.1m $15.1m 0.24% Added +2.0k +2,003
52 PRUDENTIAL PLC 0.11% of their portfolio LONDON, X0 68,08368.1k $14.9m $14.9m 0.11% Added +30.3k +30,283
53 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 67,64067.6k $14.8m $14.8m 0.02% Added +10 +10
54 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.20% of their portfolio PORTLAND, OR 66,67966.7k $14.6m $14.6m 0.20% Reduced -1.4k -1,423
55 360 Financial, Inc. 4.34% of their portfolio WAYZATA, MN 65,86965.9k $14.4m $14.4m 4.34% New
56 FOUNDERS FINANCIAL SECURITIES LLC 0.80% of their portfolio TOWSON, MD 61,10261.1k $14.2m $14.2m 0.80% Added +3.6k +3,612
57 Advisory Services Network, LLC 0.17% of their portfolio ATLANTA, GA 59,43259.4k $13.0m $13.0m 0.17% Reduced -34.8k -34,807
58 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 59,38859.4k $13.0m $13.0m 0.01% Reduced -203.3k -203,318
59 Royal Fund Management, LLC 1.24% of their portfolio Lady Lake, FL 59,20259.2k $13.0m $13.0m 1.24% New
60 Arkadios Wealth Advisors 0.21% of their portfolio ATLANTA, GA 59,01559.0k $12.9m $12.9m 0.21% Added +19.4k +19,351
61 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 57,57257.6k $12.6m $12.6m 0.06% Reduced -31 -31
62 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 56,11256.1k $12.3m $12.3m 0.00% Reduced -124.3k -124,290
63 INDEPENDENT FINANCIAL GROUP, LLC 0.27% of their portfolio SAN DIEGO, CA 55,94455.9k $12.2m $12.2m 0.27% Added +1.1k +1,078
64 Diversify Advisory Services, LLC 1.73% of their portfolio SANDY, UT 53,09453.1k $11.3m $11.3m 1.73% Reduced -31.4k -31,350
65 WealthCare Investment Partners, LLC 3.27% of their portfolio PORTSMOUTH, RI 52,15352.2k $11.8m $11.8m 3.27% Added +155 +155
66 NorthRock Partners, LLC 0.18% of their portfolio MINNEAPOLIS, MN 51,09551.1k $11.2m $11.2m 0.18% Added +19.5k +19,515
67 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 50,97651.0k $11.2m $11.2m 0.01% Added +17.3k +17,265
68 Stone House Investment Management, LLC 1.93% of their portfolio TUNKHANNOCK, PA 49,13849.1k $10.7m $10.7m 1.93% Added +21.0k +20,964
69 Concurrent Investment Advisors, LLC 0.11% of their portfolio Tampa, FL 48,04148.0k $10.5m $10.5m 0.11% Added +3.2k +3,235
70 NEW WAVE WEALTH ADVISORS LLC 3.63% of their portfolio SPRINGDALE, AR 47,38647.4k $10.4m $10.4m 3.63% Added +36.4k +36,386
71 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 45,96746.0k $10.1m $10.1m 0.04% Reduced -105.1k -105,143
72 Atria Investments, Inc 0.11% of their portfolio Charlotte, NC 45,38145.4k $9.9m $9.9m 0.11% Reduced -47.4k -47,375
73 EFG International AG 0.21% of their portfolio Zurich, V8 44,71144.7k $9.8m $9.8m 0.21% Added +15.7k +15,690
74 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 43,21143.2k $9.5m $9.5m 0.01% Added +5.6k +5,609
75 Merit Financial Group, LLC 0.07% of their portfolio ALPHARETTA, GA 43,16443.2k $9.4m $9.4m 0.07% Reduced -8.5k -8,490
76 SCOTIA CAPITAL INC. 0.04% of their portfolio TORONTO, A6 42,93242.9k $9.4m $9.4m 0.04% Added +5.8k +5,810
77 Well Done, LLC 1.30% of their portfolio HOLLAND, MI 40,46840.5k $8.9m $8.9m 1.30% Added +1.5k +1,456
78 OPPENHEIMER & CO INC 0.10% of their portfolio NEW YORK, NY 39,22739.2k $8.6m $8.6m 0.10% Added +2.3k +2,266
79 Ignite Planners, LLC 1.31% of their portfolio SAN CLEMENTE, CA 38,92738.9k $8.5m $8.5m 1.31% Added +5.6k +5,554
80 Kraft, Davis & Associates, LLC 1.76% of their portfolio St. Louis, MO 38,01438.0k $8.3m $8.3m 1.76% Added +29.0k +29,003
81 CWM, LLC 0.02% of their portfolio OMAHA, NE 37,98638.0k $8.3m $8.3m 0.02% Reduced -415.9k -415,867
82 MRA Advisory Group 3.36% of their portfolio PARSIPPANY, NJ 37,59337.6k $8.2m $8.2m 3.36% Reduced -40 -40
83 CLEAR WAVE WEALTH MANAGEMENT LLC 2.07% of their portfolio RED BANK, NJ 37,21237.2k $8.1m $8.1m 2.07% First filing
84 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 36,90036.9k $8.1m $8.1m 0.01% New
85 HARBOUR INVESTMENTS, INC. 0.12% of their portfolio MADISON, WI 36,68036.7k $8.0m $8.0m 0.12% Added +12.3k +12,337
86 Quantitative Investment Management, LLC 0.83% of their portfolio CHARLOTTESVILLE, VA 36,54136.5k $8.0m $8.0m 0.83% New
87 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 35,95336.0k $7.9m $7.9m 0.02% New
88 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 35,06935.1k $7.7m $7.7m 0.03% Added +4.2k +4,242
89 CADINHA & CO LLC 1.40% of their portfolio HONOLULU, HI 34,38834.4k $7.5m $7.5m 1.40% New
90 FOCUS Wealth Advisors, LLC 3.64% of their portfolio HOUSTON, TX 34,01834.0k $7.4m $7.4m 3.64% Reduced -1.5k -1,493
91 WNY Asset Management, LLC 0.77% of their portfolio Williamsville, NY 33,98334.0k $7.4m $7.4m 0.77% First filing
92 Deane Retirement Strategies, Inc. 2.98% of their portfolio NEW ORLEANS, LA 33,87633.9k $7.4m $7.4m 2.98% New
93 ARRIEN INVESTMENTS, INC. 3.92% of their portfolio BOISE, ID 33,06133.1k $7.2m $7.2m 3.92% Reduced -105 -105
94 WCG Wealth Advisors LLC 0.20% of their portfolio LAS VEGAS, NV 32,86332.9k $7.2m $7.2m 0.20% Reduced -487 -487
95 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 32,82632.8k $7.1m $7.1m 0.01% Reduced -30.9k -30,896
96 Point72 Asset Management, L.P. 0.01% of their portfolio STAMFORD, CT 31,39831.4k $6.9m $6.9m 0.01% New
97 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 31,18031.2k $6.8m $6.8m 0.04% Reduced -31.7k -31,732
98 Bluesphere Advisors LLC 2.42% of their portfolio EAST NORRITON, PA 31,18031.2k $6.8m $6.8m 2.42% Added +4.7k +4,739
99 Fifth Third Securities, Inc. 0.43% of their portfolio Cincinnati, OH 30,48130.5k $6.7m $6.7m 0.43% Added +6.6k +6,594
100 Yarbrough Capital, LLC 0.23% of their portfolio FRANKLIN, TN 30,39330.4k $6.6m $6.6m 0.23% Unchanged