Vault-13

ISHARES TR IAK

U.S. INSRNCE ETF · ETP · CUSIP 464288786

157 institutional holders -20 vs Q2 2025
3,456,0443.5m shares reported held*
$463.1mreported value*
19 new 58 added 56 reduced 34 sold out net sold ≈ $74.8m (-557.9k 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 ≈ $133.99. Options: 1 managers hold calls ($26.8k notional), 1 hold puts ($53.6k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 76Q4 22: 96Q1 23: 95Q2 23: 82Q3 23: 83Q4 23: 101Q1 24: 111Q2 24: 134Q3 24: 149Q4 24: 157Q1 25: 168Q2 25: 177Q3 25: 157157Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202276
Q4 202296
Q1 202395
Q2 202382
Q3 202383
Q4 2023101
Q1 2024111
Q2 2024134
Q3 2024149
Q4 2024157
Q1 2025168
Q2 2025177
Q3 2025157

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 23: 59 bought or addedQ4 23: 40 cut or sold outQ1 24: 65 bought or addedQ1 24: 45 cut or sold outQ1 24Q2 24: 81 bought or addedQ2 24: 41 cut or sold outQ3 24: 86 bought or addedQ3 24: 57 cut or sold outQ3 24Q4 24: 79 bought or addedQ4 24: 73 cut or sold outQ1 25: 76 bought or addedQ1 25: 77 cut or sold outQ1 25Q2 25: 98 bought or addedQ2 25: 74 cut or sold outQ3 25: 77 bought or addedQ3 25: 90 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20235940
Q1 20246545
Q2 20248141
Q3 20248657
Q4 20247973
Q1 20257677
Q2 20259874
Q3 20257790

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 24 calls: $531.2kQ4 24 puts: $215.0kQ4 24P/C 0.40Q1 25 calls: $275.6kQ1 25 puts: $275.6kQ1 25P/C 1.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $26.8kQ3 25 puts: $53.6kQ3 25P/C 2.00
Numbers
QuarterCallsPutsP/C
Q4 2024$531.2k$215.0k0.40
Q1 2025$275.6k$275.6k1.00
Q2 2025$0$0—
Q3 2025$26.8k$53.6k2.00

Biggest buyers

COMMONWEALTH EQUITY SERVICES, LLC Added +84,134+84.1k
Composition Wealth, LLC Added +25,249+25.2k
MML INVESTORS SERVICES, LLC Added +16,896+16.9k
PFG Advisors New +13,405+13.4k
HRT FINANCIAL LP New +12,279+12.3k
GOLDMAN SACHS GROUP INC Added +11,485+11.5k
Janney Montgomery Scott LLC Added +10,349+10.3k
CITIGROUP INC New +9,917+9.9k
Advisory Services Network, LLC Added +9,617+9.6k
Cambridge Investment Research Advisors, Inc. Added +9,455+9.5k

Biggest sellers

ROYAL BANK OF CANADA Reduced -144,174-144.2k
LPL Financial LLC Reduced -94,903-94.9k
WELLS FARGO & COMPANY/MN Reduced -75,162-75.2k
ADAPT WEALTH ADVISORS, LLC Sold out -64,165-64.2k
CASTLEARK MANAGEMENT LLC Sold out -54,070-54.1k
FOUNDERS FINANCIAL SECURITIES LLC Sold out -36,444-36.4k
Focus Partners Wealth Reduced -29,345-29.3k
PETERSON WEALTH MANAGEMENT Sold out -25,478-25.5k
RAYMOND JAMES FINANCIAL INC Reduced -24,411-24.4k
BANK OF AMERICA CORP /DE/ Reduced -23,004-23.0k

Biggest calls

Belvedere Trading LLC New $26.8k200 shares

Biggest puts

Belvedere Trading LLC New $53.6k400 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 303,137303.1k $40.6m $40.6m 0.00% Reduced -6.7k -6,657
2 Composition Wealth, LLC 0.49% of their portfolio LOS ANGELES, CA 244,175244.2k $32.7m $32.7m 0.49% Added +25.2k +25,249
3 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 235,840235.8k $31.6m $31.6m 0.08% Added +16.9k +16,896
4 SPC Financial, Inc. 1.63% of their portfolio ROCKVILLE, MD 155,943155.9k $20.9m $20.9m 1.63% Reduced -1.4k -1,376
5 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 152,249152.2k $20.4m $20.4m 0.00% Reduced -75.2k -75,162
6 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 148,831148.8k $19.9m $19.9m 0.02% Added +5.8k +5,817
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 120,236120.2k $16.1m $16.1m 0.00% Reduced -144.2k -144,174
8 Advisory Services Network, LLC 0.23% of their portfolio ATLANTA, GA 116,213116.2k $15.6m $15.6m 0.23% Added +9.6k +9,617
9 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 113,463113.5k $15.1m $15.1m 0.02% Reduced -15.8k -15,775
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 100,112100.1k $13.4m $13.4m 0.00% Reduced -23.0k -23,004
11 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 93,38093.4k $12.5m $12.5m 0.02% Added +84.1k +84,134
12 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 90,25290.3k $12.1m $12.1m 0.00% Reduced -94.9k -94,903
13 WESPAC Advisors SoCal, LLC 2.44% of their portfolio Pasadena, CA 89,54789.5k $12.0m $12.0m 2.44% Reduced -45 -45
14 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 85,60085.6k $11.5m $11.5m 0.02% Unchanged
15 Prospera Financial Services Inc 0.18% of their portfolio Dallas, TX 78,66378.7k $10.5m $10.5m 0.18% Added +6.8k +6,753
16 MinichMacGregor Wealth Management, LLC 1.87% of their portfolio Saratoga Springs, NY 71,55971.6k $9.6m $9.6m 1.87% Added +2.4k +2,417
17 GGM Financial LLC 4.81% of their portfolio COLUMBUS, OH 71,22871.2k $9.5m $9.5m 4.81% Added +7.7k +7,665
18 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 69,83569.8k $9.4m $9.4m 0.00% Reduced -24.4k -24,411
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 68,33768.3k $9.2m $9.2m 0.00% Reduced -2.5k -2,508
20 Schorn Wealth LLC 2.23% of their portfolio ENGLEWOOD, FL 54,51354.5k $7.3m $7.3m 2.23% Added +1.8k +1,795
21 Legend Financial Advisors, Inc. 4.28% of their portfolio PITTSBURGH, PA 52,03652.0k $7.0m $7.0m 4.28% Added +1.2k +1,157
22 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 49,64849.6k $6.7m $6.7m 0.03% Added +1.1k +1,098
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 45,33245.3k $6.1m $6.1m 0.00% Added +11.5k +11,485
24 Well Done, LLC 1.03% of their portfolio HOLLAND, MI 45,27745.3k $6.1m $6.1m 1.03% Added +3.3k +3,287
25 Cadent Capital Advisors, LLC 1.39% of their portfolio TULSA, OK 39,10439.1k $5.2m $5.2m 1.39% Added +522 +522
26 LEE DANNER & BASS INC 0.35% of their portfolio NASHVILLE, TN 35,60835.6k $4.8m $4.8m 0.35% Reduced -2.7k -2,730
27 JMAC ENTERPRISES LLC 0.87% of their portfolio NEWTOWN, PA 32,79632.8k $4.4m $4.4m 0.87% Added +1.2k +1,249
28 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 32,63032.6k $4.4m $4.4m 0.01% Added +9.5k +9,455
29 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 32,39832.4k $4.3m $4.3m 0.01% Added +10.3k +10,349
30 RFG Advisory, LLC 0.09% of their portfolio BIRMINGHAM, AL 30,76530.8k $4.1m $4.1m 0.09% Added +4.4k +4,411
31 MARTIN & CO INC /TN/ 0.64% of their portfolio Knoxville, TN 27,01427.0k $3.6m $3.6m 0.64% Reduced -65 -65
32 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 1.10% of their portfolio Phoenix, AZ 26,32626.3k $3.5m $3.5m 1.10% Reduced -80 -80
33 COTTONWOOD CAPITAL ADVISORS, LLC 2.51% of their portfolio SALT LAKE CITY, UT 25,73925.7k $3.4m $3.4m 2.51% Added +2.2k +2,202
34 Tudor Financial Inc. 1.72% of their portfolio DAYTON, OH 24,13524.1k $3.2m $3.2m 1.72% Added +376 +376
35 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 23,79123.8k $3.2m $3.2m 0.00% Added +8.9k +8,937
36 SP Asset Management LLC 0.21% of their portfolio CUPERTINO, CA 19,53519.5k $2.6m $2.6m 0.21% Added +30 +30
37 Stonebridge Financial Planning Group, LLC 0.85% of their portfolio ORLANDO, FL 16,84016.8k $2.3m $2.3m 0.85% Reduced -351 -351
38 Hills Bank & Trust Co 0.11% of their portfolio North Liberty, IA 13,63013.6k $1.8m $1.8m 0.11% Reduced -64 -64
39 PFG Advisors 0.07% of their portfolio Phoenix, AZ 13,40513.4k $1.8m $1.8m 0.07% New
40 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 13,12413.1k $1.8m $1.8m 0.03% Added +308 +308
41 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 12,27912.3k $1.6m $1.6m 0.01% New
42 Outlook Wealth Advisors, LLC 0.40% of their portfolio SHENANDOAH, TX 12,05812.1k $1.6m $1.6m 0.40% Added +379 +379
43 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,94411.9k $1.6m $1.6m 0.00% Added +8.2k +8,228
44 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 11,21511.2k $1.5m $1.5m 0.00% Reduced -540 -540
45 Genesee Capital Advisors, LLC 0.63% of their portfolio AUBURN, NY 10,76210.8k $1.4m $1.4m 0.63% Added +194 +194
46 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 10,33110.3k $1.4m $1.4m 0.01% Reduced -5.1k -5,146
47 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,13910.1k $1.4m $1.4m 0.00% Reduced -12.2k -12,223
48 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,06010.1k $1.3m $1.3m 0.00% Added +995 +995
49 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 9,9179.9k $1.3m $1.3m 0.00% New
50 Geneos Wealth Management Inc. 0.03% of their portfolio ENGLEWOOD, CO 9,8299.8k $1.3m $1.3m 0.03% Unchanged
51 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 9,5359.5k $1.3m $1.3m 0.00% Added +3.5k +3,485
52 KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio AUSTIN, TX 9,1119.1k $1.2m $1.2m 0.02% Reduced -239 -239
53 GREAT VALLEY ADVISOR GROUP, INC. 0.02% of their portfolio WILMINGTON, DE 9,0459.0k $1.2m $1.2m 0.02% Reduced -3.4k -3,353
54 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 8,7788.8k $1.2m $1.2m 0.00% Added +4.4k +4,380
55 Delos Wealth Advisors, LLC 0.75% of their portfolio DALLAS, TX 8,3238.3k $1.1m $1.1m 0.75% Added +1.3k +1,324
56 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 7,8087.8k $1.0m $1.0m 0.01% Reduced -19 -19
57 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 7,6817.7k $1.0m $1.0m 0.00% Added +654 +654
58 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 7,1727.2k $961.2k $961.2k 0.01% Added +564 +564
59 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 7,1197.1k $954.2k $954.2k 0.00% Reduced -950 -950
60 LEUTHOLD GROUP, LLC 0.10% of their portfolio MINNEAPOLIS, MN 7,0437.0k $944.0k $944.0k 0.10% Reduced -265 -265
61 KKM Financial LLC 0.29% of their portfolio CHICAGO, IL 6,8586.9k $919.2k $919.2k 0.29% Reduced -2.2k -2,203
62 Regal Investment Advisors LLC 0.06% of their portfolio KENTWOOD, MI 6,3366.3k $849.2k $849.2k 0.06% New
63 Tepp RIA, LLC 0.94% of their portfolio WESTFIELD, NJ 6,2096.2k $832.2k $832.2k 0.94% Reduced -9.1k -9,063
64 ACCESS FINANCIAL SERVICES, INC. 0.29% of their portfolio MINNEAPOLIS, MN 6,0756.1k $814.2k $814.2k 0.29% New
65 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 5,8165.8k $779.5k $779.5k 0.03% Added +775 +775
66 Apeiron RIA LLC 0.17% of their portfolio Dallas, TX 5,8025.8k $764.8k $764.8k 0.17% Added +356 +356
67 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5,7775.8k $774.3k $774.3k 0.00% Added +162 +162
68 IFG Advisory, LLC 0.03% of their portfolio ATLANTA, GA 5,5965.6k $750.0k $750.0k 0.03% Unchanged
69 SFMG, LLC 0.05% of their portfolio PLANO, TX 5,3955.4k $723.1k $723.1k 0.05% Added +690 +690
70 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 4,9354.9k $661.4k $661.4k 0.02% Added +2.1k +2,088
71 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 4,9004.9k $656.8k $656.8k 0.00% Added +285 +285
72 KINGSWOOD WEALTH ADVISORS, LLC 0.04% of their portfolio SAN DIEGO, CA 4,8704.9k $652.8k $652.8k 0.04% Reduced -118 -118
73 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 4,6544.7k $623.8k $623.8k 0.00% Added +193 +193
74 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,5284.5k $606.9k $606.9k 0.00% Reduced -22.3k -22,255
75 MUIRFIELD WEALTH ADVISORS LLC 0.44% of their portfolio CHARLOTTE, NC 4,3934.4k $588.9k $588.9k 0.44% Added +17 +17
76 Retirement Planning Co of New England, Inc. 0.23% of their portfolio Warwick, RI 4,2844.3k $574.2k $574.2k 0.23% Reduced -19 -19
77 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,2274.2k $566.5k $566.5k 0.00% Unchanged
78 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 4,0714.1k $545.7k $545.7k 0.00% New
79 WT Wealth Management 0.15% of their portfolio SCOTTSDALE, AZ 3,9784.0k $533.1k $533.1k 0.15% Reduced -180 -180
80 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 3,9113.9k $524.1k $524.1k 0.01% Reduced -268 -268
81 SONATA CAPITAL GROUP INC 0.17% of their portfolio SEATTLE, WA 3,5003.5k $469.0k $469.0k 0.17% Reduced -300 -300
82 CARDIFF PARK ADVISORS, LLC 0.04% of their portfolio SAN MARCOS, CA 3,5003.5k $469.1k $469.1k 0.04% Unchanged
83 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 3,3963.4k $455.2k $455.2k 0.01% Added +11 +11
84 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,2833.3k $440.0k $440.0k 0.00% Added +1.4k +1,350
85 BANK HAPOALIM BM 0.05% of their portfolio TEL AVIV, L3 3,2203.2k $432.0k $432.0k 0.05% Reduced -40 -40
86 AlphaCore Capital LLC 0.01% of their portfolio LA JOLLA, CA 3,1583.2k $423.3k $423.3k 0.01% Unchanged
87 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 3,0523.1k $409.1k $409.1k 0.02% Reduced -22.0k -21,988
88 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 2,9382.9k $393.8k $393.8k 0.01% Reduced -6.0k -6,037
89 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,8722.9k $384.9k $384.9k 0.00% Added +2.8k +2,822
90 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,8332.8k $379.7k $379.7k 0.00% Reduced -205 -205
91 Strategic Blueprint, LLC 0.02% of their portfolio ATLANTA, GA 2,7872.8k $373.6k $373.6k 0.02% Reduced -351 -351
92 Csenge Advisory Group 0.02% of their portfolio CLEARWATER, FL 2,7842.8k $373.1k $373.1k 0.02% Unchanged
93 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 2,7172.7k $364.1k $364.1k 0.01% Added +387 +387
94 TFB Advisors LLC 0.10% of their portfolio OVERLAND PARK, KS 2,5252.5k $338.1k $338.1k 0.10% Reduced -195 -195
95 Redwood Financial Network Corp 0.21% of their portfolio SOLON, OH 2,4772.5k $332.0k $332.0k 0.21% Added +820 +820
96 Winthrop Advisory Group LLC 0.03% of their portfolio BOSTON, MA 2,4592.5k $329.5k $329.5k 0.03% Reduced -1.3k -1,263
97 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 2,4312.4k $325.8k $325.8k 0.00% Reduced -29.3k -29,345
98 Glenview Trust Co 0.00% of their portfolio Louisville, KY 2,3502.4k $315.0k $315.0k 0.00% Unchanged
99 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 2,3472.3k $314.6k $314.6k 0.00% Reduced -1.1k -1,097
100 Belvedere Trading LLC 0.02% of their portfolio CHICAGO, IL 2,2362.2k $299.7k $299.7k 0.02% New