Vault-13

ISHARES TR IAT

US REGNL BKS ETF · ETP · CUSIP 464288778

172 institutional holders +7 vs Q3 2025
4,647,0204.6m shares reported held*
$256.4mreported value*
20 new 48 added 54 reduced 17 sold out net sold ≈ $52.9m (-959.7k 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. Holder counts are more reliable. Implied quarter-end price ≈ $55.17. Options: 2 managers hold calls ($2.1m notional), 3 hold puts ($2.6m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 136Q4 22: 140Q1 23: 155Q2 23: 157Q3 23: 159Q4 23: 184Q1 24: 158Q2 24: 150Q3 24: 158Q4 24: 196Q1 25: 186Q2 25: 167Q3 25: 165Q4 25: 172172Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022136
Q4 2022140
Q1 2023155
Q2 2023157
Q3 2023159
Q4 2023184
Q1 2024158
Q2 2024150
Q3 2024158
Q4 2024196
Q1 2025186
Q2 2025167
Q3 2025165
Q4 2025172

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 63 bought or addedQ1 24: 94 cut or sold outQ2 24: 53 bought or addedQ2 24: 76 cut or sold outQ2 24Q3 24: 67 bought or addedQ3 24: 62 cut or sold outQ4 24: 88 bought or addedQ4 24: 62 cut or sold outQ4 24Q1 25: 74 bought or addedQ1 25: 78 cut or sold outQ2 25: 66 bought or addedQ2 25: 88 cut or sold outQ2 25Q3 25: 64 bought or addedQ3 25: 69 cut or sold outQ4 25: 68 bought or addedQ4 25: 71 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246394
Q2 20245376
Q3 20246762
Q4 20248862
Q1 20257478
Q2 20256688
Q3 20256469
Q4 20256871

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ1 25 calls: $1.8mQ1 25 puts: $2.5mQ1 25P/C 1.40Q2 25 calls: $2.3mQ2 25 puts: $2.7mQ2 25P/C 1.20Q3 25 calls: $2.2mQ3 25 puts: $1.9mQ3 25P/C 0.86Q4 25 calls: $2.1mQ4 25 puts: $2.6mQ4 25P/C 1.24
Numbers
QuarterCallsPutsP/C
Q1 2025$1.8m$2.5m1.40
Q2 2025$2.3m$2.7m1.20
Q3 2025$2.2m$1.9m0.86
Q4 2025$2.1m$2.6m1.24

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +49,891+49.9k
Equitable Holdings, Inc. New +49,307+49.3k
TRUIST FINANCIAL CORP Added +46,477+46.5k
Game Plan Financial Advisors, LLC Added +38,311+38.3k
Beacon Pointe Advisors, LLC New +30,456+30.5k
Tower Research Capital LLC (TRC) Added +26,326+26.3k
RAYMOND JAMES FINANCIAL INC Added +24,901+24.9k
WELLS FARGO & COMPANY/MN Added +16,723+16.7k
Cetera Investment Advisers Added +14,952+15.0k
Point72 Asset Management, L.P. New +14,349+14.3k

Biggest sellers

JPMORGAN CHASE & CO Reduced -379,516-379.5k
TWO SIGMA INVESTMENTS, LP Sold out -193,000-193.0k
OSAIC HOLDINGS, INC. Reduced -153,892-153.9k
ROYAL BANK OF CANADA Reduced -120,825-120.8k
Advisory Services Network, LLC Reduced -82,420-82.4k
Jain Global LLC Sold out -67,469-67.5k
GOLDMAN SACHS GROUP INC Reduced -50,000-50.0k
AMERIPRISE FINANCIAL INC Reduced -38,144-38.1k
BANQUE PICTET & CIE SA Reduced -31,734-31.7k
Mariner, LLC Reduced -25,683-25.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.4m25.8k shares
CITADEL ADVISORS LLC Reduced $694.9k12.6k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.4m24.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $755.6k13.7k shares
JANE STREET GROUP, LLC Reduced $523.9k9.5k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 481,700481.7k $26.6m $26.6m 0.01% Added +16.7k +16,723
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 423,660423.7k $23.4m $23.4m 0.00% Added +5.7k +5,653
3 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 372,092372.1k $20.5m $20.5m 0.00% Reduced -379.5k -379,516
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 274,140274.1k $15.1m $15.1m 0.00% Reduced -20.8k -20,827
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 239,451239.5k $13.2m $13.2m 0.00% Reduced -1.9k -1,850
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 221,833221.8k $12.2m $12.2m 0.00% Reduced -120.8k -120,825
7 GW HENSSLER & ASSOCIATES LTD 0.50% of their portfolio KENNESAW, GA 186,550186.6k $10.3m $10.3m 0.50% Reduced -4.6k -4,567
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 140,853140.9k $7.8m $7.8m 0.00% Added +4.7k +4,717
9 US BANCORP \DE\ 0.01% of their portfolio MINNEAPOLIS, MN 129,261129.3k $7.1m $7.1m 0.01% Reduced -24.2k -24,229
10 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 111,981112.0k $6.2m $6.2m 0.00% Added +24.9k +24,901
11 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 110,873110.9k $6.1m $6.1m 0.01% Added +46.5k +46,477
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 100,111100.1k $5.5m $5.5m 0.00% Reduced -50.0k -50,000
13 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 96,50596.5k $5.3m $5.3m 0.01% Reduced -4.3k -4,315
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 86,27686.3k $4.8m $4.8m 0.00% Added +1.5k +1,457
15 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 80,28380.3k $4.4m $4.4m 0.00% Added +1.9k +1,923
16 Steward Partners Investment Advisory, LLC 0.02% of their portfolio STAMFORD, CT 78,95479.0k $4.4m $4.4m 0.02% Added +609 +609
17 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 77,65277.7k $4.3m $4.3m 0.00% Reduced -38.1k -38,144
18 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 69,90969.9k $3.9m $3.9m 0.00% Added +15.0k +14,952
19 MARTIN & CO INC /TN/ 0.58% of their portfolio Knoxville, TN 61,42161.4k $3.4m $3.4m 0.58% Added +1.2k +1,182
20 KCM INVESTMENT ADVISORS LLC 0.10% of their portfolio GREENBRAE, CA 57,07757.1k $3.1m $3.1m 0.10% Added +742 +742
21 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 50,10050.1k $2.8m $2.8m 0.00% Added +49.9k +49,891
22 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 49,55649.6k $2.7m $2.7m 0.00% Reduced -153.9k -153,892
23 Equitable Holdings, Inc. 0.02% of their portfolio NEW YORK, NY 49,30749.3k $2.7m $2.7m 0.02% New
24 Crestwood Advisors Group, LLC 0.04% of their portfolio BOSTON, MA 46,02646.0k $2.5m $2.5m 0.04% Reduced -835 -835
25 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 45,62045.6k $2.5m $2.5m 0.01% Unchanged
26 Game Plan Financial Advisors, LLC 0.96% of their portfolio WESTLAKE, OH 43,37943.4k $2.4m $2.4m 0.96% Added +38.3k +38,311
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 40,87540.9k $2.3m $2.3m 0.00% Added +2.1k +2,096
28 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 37,46137.5k $2.1m $2.1m 0.05% Added +26.3k +26,326
29 SCS Capital Management LLC 0.02% of their portfolio BOSTON, MA 34,17334.2k $1.9m $1.9m 0.02% Reduced -7.8k -7,833
30 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 33,47533.5k $1.8m $1.8m 0.00% Reduced -4.2k -4,152
31 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 30,45630.5k $1.7m $1.7m 0.01% New
32 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 26,87226.9k $1.5m $1.5m 0.00% Reduced -7.5k -7,534
33 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 26,64226.6k $1.5m $1.5m 0.00% Reduced -21 -21
34 CARRET ASSET MANAGEMENT, LLC 0.12% of their portfolio NEW YORK, NY 23,81023.8k $1.3m $1.3m 0.12% Reduced -500 -500
35 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 23,30023.3k $1.3m $1.3m 0.00% Reduced -1.7k -1,660
36 Cadent Capital Advisors, LLC 0.32% of their portfolio TULSA, OK 22,15222.2k $1.2m $1.2m 0.32% Reduced -10 -10
37 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 21,76621.8k $1.2m $1.2m 0.00% Added +739 +739
38 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 21,11321.1k $1.2m $1.2m 0.00% Added +1.4k +1,360
39 AUGUSTINE ASSET MANAGEMENT INC 0.22% of their portfolio JACKSONVILLE, FL 20,00020.0k $1.1m $1.1m 0.22% Unchanged
40 Fearless Solutions, LLC dba Best Invest 0.64% of their portfolio SAN ANTONIO, TX 19,15719.2k $1.1m $1.1m 0.64% Reduced -1.6k -1,611
41 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 18,48418.5k $1.0m $1.0m 0.02% Unchanged
42 Heritage Wealth Management, Inc. 0.27% of their portfolio CINCINNATI, OH 17,85017.9k $984.4k $984.4k 0.27% Unchanged
43 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,75515.8k $868.9k $868.9k 0.00% Added +240 +240
44 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,48015.5k $854.0k $854.0k 0.00% Reduced -14.8k -14,836
45 Asempa Wealth Advisors 0.73% of their portfolio BATON ROUGE, LA 15,29315.3k $843.4k $843.4k 0.73% First filing
46 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 14,97015.0k $825.6k $825.6k 0.02% Reduced -2.1k -2,080
47 TRANSCEND CAPITAL ADVISORS, LLC 0.06% of their portfolio MADISON, NJ 14,50014.5k $799.7k $799.7k 0.06% Unchanged
48 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 14,34914.3k $791.3k $791.3k 0.00% New
49 CWM, LLC 0.00% of their portfolio OMAHA, NE 14,32114.3k $790.0k $790.0k 0.00% Reduced -539 -539
50 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 14,25114.3k $785.9k $785.9k 0.00% New
51 Cutler Capital Management, LLC 0.23% of their portfolio WORCESTER, MA 14,00014.0k $772.1k $772.1k 0.23% Added +5.4k +5,400
52 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 13,69013.7k $755.0k $755.0k 0.02% Added +3.5k +3,525
53 Jump Financial, LLC 0.01% of their portfolio Chicago, IL 12,89812.9k $711.3k $711.3k 0.01% New
54 MONETA GROUP INVESTMENT ADVISORS LLC 0.00% of their portfolio ST LOUIS, MO 11,15611.2k $615.2k $615.2k 0.00% Reduced -247 -247
55 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 10,35510.4k $571.1k $571.1k 0.00% Reduced -1.6k -1,647
56 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 10,26910.3k $566.0k $566.0k 0.00% Reduced -2.1k -2,103
57 SAGE FINANCIAL GROUP INC 0.04% of their portfolio W. CONSHOHOCKEN, PA 10,19810.2k $562.4k $562.4k 0.04% Added +91 +91
58 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 9,7969.8k $540.2k $540.2k 0.01% Reduced -1.2k -1,187
59 Gallagher Capital Advisors, LLC 0.34% of their portfolio Argyle, TX 9,5689.6k $527.7k $527.7k 0.34% Added +99 +99
60 COMERICA BANK 0.00% of their portfolio DALLAS, TX 9,3309.3k $514.5k $514.5k 0.00% Added +7.4k +7,352
61 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 9,2009.2k $507.4k $507.4k 0.00% Reduced -9.5k -9,500
62 High Net Worth Advisory Group LLC 0.12% of their portfolio NAPLES, FL 9,1409.1k $504.1k $504.1k 0.12% Added +2.0k +2,000
63 PATTEN & PATTEN INC/TN 0.03% of their portfolio CHATTANOOGA, TN 8,9709.0k $494.7k $494.7k 0.03% Unchanged
64 Ellis Investment Partners, LLC 0.09% of their portfolio Berwyn, PA 8,9358.9k $492.8k $492.8k 0.09% Added +554 +554
65 Pinnacle Financial Partners, Inc. 0.00% of their portfolio ATLANTA, GA 8,5968.6k $474.5k $474.5k 0.00% First filing
66 North Star Investment Management Corp. 0.03% of their portfolio CHICAGO, IL 8,2358.2k $454.2k $454.2k 0.03% Reduced -800 -800
67 Dentgroup LLC 0.31% of their portfolio BATON ROUGE, LA 8,0898.1k $446.1k $446.1k 0.31% Reduced -5.2k -5,235
68 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,6897.7k $424.1k $424.1k 0.00% Added +701 +701
69 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 7,4357.4k $410.0k $410.0k 0.01% Added +332 +332
70 Cordoba Advisory Partners LLC 0.10% of their portfolio NEW YORK, NY 7,4017.4k $408.8k $408.8k 0.10% First filing
71 Viewpoint Capital Management LLC 0.17% of their portfolio SEATTLE, WA 7,2907.3k $402.0k $402.0k 0.17% Unchanged
72 Fiduciary Alliance LLC 0.03% of their portfolio GREENVILLE, SC 7,2507.2k $399.8k $399.8k 0.03% Reduced -5.2k -5,165
73 Investment Research Partners LLC 0.16% of their portfolio LEMONT, PA 6,8466.8k $377.6k $377.6k 0.16% Unchanged
74 TWO SIGMA SECURITIES, LLC 0.05% of their portfolio NEW YORK, NY 6,6006.6k $364.0k $364.0k 0.05% Added +1.8k +1,846
75 NEVILLE RODIE & SHAW INC 0.03% of their portfolio NEW YORK, NY 6,4906.5k $358.0k $358.0k 0.03% Unchanged
76 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 6,1246.1k $337.7k $337.7k 0.00% Added +422 +422
77 Oakmont Investment Advisors, Inc. 0.24% of their portfolio PITTSBURGH, PA 6,0006.0k $330.9k $330.9k 0.24% First filing
78 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 5,9806.0k $329.8k $329.8k 0.00% New
79 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 5,8745.9k $324.0k $324.0k 0.00% Reduced -2.6k -2,626
80 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 5,8465.8k $322.4k $322.4k 0.00% New
81 Breakwater Capital Group 0.04% of their portfolio PARAMUS, NJ 5,5435.5k $305.7k $305.7k 0.04% Unchanged
82 Sunbelt Securities, Inc. 0.02% of their portfolio HOUSTON, TX 5,4605.5k $301.1k $301.1k 0.02% New
83 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 5,4305.4k $299.5k $299.5k 0.01% Reduced -4.3k -4,332
84 CX Institutional 0.01% of their portfolio AUBURN, IN 5,4105.4k $298.0k $298.0k 0.01% Added +35 +35
85 FIRST HORIZON CORP 0.01% of their portfolio MEMPHIS, TN 5,3675.4k $296.0k $296.0k 0.01% Unchanged
86 QTR Family Wealth, LLC 0.15% of their portfolio LAKE MARY, FL 5,3195.3k $330.6k $330.6k 0.15% Reduced -248 -248
87 Chicago Partners Investment Group LLC 0.01% of their portfolio CHICAGO, IL 5,3115.3k $302.9k $302.9k 0.01% Added +55 +55
88 BANQUE PICTET & CIE SA 0.00% of their portfolio GENEVA 73, V8 5,2135.2k $287.5k $287.5k 0.00% Reduced -31.7k -31,734
89 PFG Advisors 0.01% of their portfolio Phoenix, AZ 5,0895.1k $280.7k $280.7k 0.01% Added +17 +17
90 Mariner, LLC 0.00% of their portfolio Overland Park, KS 4,7764.8k $263.4k $263.4k 0.00% Reduced -25.7k -25,683
91 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 4,6024.6k $253.8k $253.8k 0.00% Reduced -526 -526
92 Joel Isaacson & Co., LLC 0.01% of their portfolio NEW YORK, NY 4,5804.6k $252.6k $252.6k 0.01% Reduced -110 -110
93 One Capital Management, LLC 0.01% of their portfolio WESTLAKE VILLAGE, CA 4,5384.5k $250.3k $250.3k 0.01% Reduced -1.2k -1,218
94 LRI Investments, LLC 0.02% of their portfolio PALM BEACH GARDENS, FL 4,4504.5k $245.4k $245.4k 0.02% Unchanged
95 CAPE COD FIVE CENTS SAVINGS BANK 0.02% of their portfolio HYANNIS, MA 4,2494.2k $202.0k $202.0k 0.02% Unchanged
96 Sand Hill Global Advisors, LLC 0.01% of their portfolio Palo Alto, CA 4,0904.1k $225.6k $225.6k 0.01% Unchanged
97 PETTYJOHN, WOOD & WHITE, INC 0.04% of their portfolio LYNCHBURG, VA 4,0754.1k $224.7k $224.7k 0.04% Reduced -200 -200
98 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 3,9614.0k $218.5k $218.5k 0.00% Reduced -82.4k -82,420
99 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 3,9293.9k $216.7k $216.7k 0.00% New
100 FLC Capital Advisors 0.04% of their portfolio PALM DESERT, CA 3,8763.9k $213.8k $213.8k 0.04% Unchanged