Vault-13

ISHARES TR IAK

U.S. INSRNCE ETF · ETP · CUSIP 464288786

149 institutional holders -8 vs Q3 2025
1,873,2081.9m shares reported held*
$255.4mreported value*
18 new 42 added 63 reduced 29 sold out net sold ≈ $195.0m (-1.4m 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 ≈ $136.33. Options: 1 managers hold calls ($313.1k notional), 0 hold puts (—).

Trends to Q4 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: 157Q4 25: 149149Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025149

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 65 bought or addedQ1 24: 45 cut or sold outQ2 24: 81 bought or addedQ2 24: 41 cut or sold outQ2 24Q3 24: 86 bought or addedQ3 24: 57 cut or sold outQ4 24: 79 bought or addedQ4 24: 73 cut or sold outQ4 24Q1 25: 76 bought or addedQ1 25: 77 cut or sold outQ2 25: 98 bought or addedQ2 25: 74 cut or sold outQ2 25Q3 25: 77 bought or addedQ3 25: 90 cut or sold outQ4 25: 60 bought or addedQ4 25: 92 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246545
Q2 20248141
Q3 20248657
Q4 20247973
Q1 20257677
Q2 20259874
Q3 20257790
Q4 20256092

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 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 2.00Q4 25 calls: $313.1kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$275.6k$275.6k1.00
Q2 2025$0$0—
Q3 2025$26.8k$53.6k2.00
Q4 2025$313.1k$00.00

Biggest buyers

JANE STREET GROUP, LLC New +16,066+16.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +13,760+13.8k
Concentric Capital Strategies, LP New +13,423+13.4k
AlphaCore Capital LLC Added +10,320+10.3k
Well Done, LLC Added +7,181+7.2k
Northstar Financial Companies, Inc. New +6,893+6.9k
TWO SIGMA INVESTMENTS, LP Added +4,100+4.1k
Arkadios Wealth Advisors Added +3,378+3.4k
FLOW TRADERS U.S. LLC New +3,241+3.2k
BIP Wealth, LLC New +2,820+2.8k

Biggest sellers

Composition Wealth, LLC Reduced -237,274-237.3k
MML INVESTORS SERVICES, LLC Reduced -233,592-233.6k
STIFEL FINANCIAL CORP Reduced -102,165-102.2k
OSAIC HOLDINGS, INC. Reduced -92,925-92.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -90,509-90.5k
MORGAN STANLEY Reduced -90,112-90.1k
WESPAC Advisors SoCal, LLC Sold out -89,547-89.5k
Advisory Services Network, LLC Reduced -84,786-84.8k
Prospera Financial Services Inc Reduced -75,794-75.8k
MinichMacGregor Wealth Management, LLC Reduced -70,020-70.0k

Biggest calls

CITADEL ADVISORS LLC New $313.1k2.3k shares

Biggest puts

None

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 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 213,025213.0k $29.0m $29.0m 0.00% Reduced -90.1k -90,112
2 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 143,321143.3k $19.5m $19.5m 0.00% Reduced -8.9k -8,928
3 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 89,70089.7k $12.2m $12.2m 0.02% Added +4.1k +4,100
4 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 86,86286.9k $11.8m $11.8m 0.00% Reduced -3.4k -3,390
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 75,68775.7k $10.3m $10.3m 0.00% Reduced -44.5k -44,549
6 GGM Financial LLC 4.81% of their portfolio COLUMBUS, OH 72,78172.8k $9.9m $9.9m 4.81% Added +1.6k +1,553
7 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 68,06668.1k $9.3m $9.3m 0.00% Reduced -1.8k -1,769
8 UBS Group AG 0.00% of their portfolio ZURICH, V8 60,30260.3k $8.2m $8.2m 0.00% Reduced -8.0k -8,035
9 Schorn Wealth LLC 2.32% of their portfolio ENGLEWOOD, FL 56,25056.2k $7.7m $7.7m 2.32% Added +1.7k +1,737
10 Legend Financial Advisors, Inc. 4.50% of their portfolio PITTSBURGH, PA 54,56054.6k $7.4m $7.4m 4.50% Added +2.5k +2,524
11 Well Done, LLC 1.07% of their portfolio HOLLAND, MI 52,45852.5k $7.1m $7.1m 1.07% Added +7.2k +7,181
12 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 50,19450.2k $6.8m $6.8m 0.03% Added +546 +546
13 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 46,66646.7k $6.4m $6.4m 0.01% Reduced -102.2k -102,165
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 42,47542.5k $5.8m $5.8m 0.00% Reduced -57.6k -57,637
15 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 37,55137.6k $5.1m $5.1m 0.01% Added +13.8k +13,760
16 LEE DANNER & BASS INC 0.34% of their portfolio NASHVILLE, TN 35,20835.2k $4.8m $4.8m 0.34% Reduced -400 -400
17 JMAC ENTERPRISES LLC 0.88% of their portfolio NEWTOWN, PA 33,96934.0k $4.6m $4.6m 0.88% Added +1.2k +1,173
18 RFG Advisory, LLC 0.08% of their portfolio BIRMINGHAM, AL 32,48632.5k $4.4m $4.4m 0.08% Added +1.7k +1,721
19 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 32,44632.4k $4.4m $4.4m 0.01% Added +48 +48
20 Advisory Services Network, LLC 0.06% of their portfolio ATLANTA, GA 31,42731.4k $4.3m $4.3m 0.06% Reduced -84.8k -84,786
21 MARTIN & CO INC /TN/ 0.65% of their portfolio Knoxville, TN 27,91227.9k $3.8m $3.8m 0.65% Added +898 +898
22 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 1.06% of their portfolio Phoenix, AZ 26,37026.4k $3.6m $3.6m 1.06% Added +44 +44
23 COTTONWOOD CAPITAL ADVISORS, LLC 2.53% of their portfolio SALT LAKE CITY, UT 26,11726.1k $3.6m $3.6m 2.53% Added +378 +378
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 21,66521.7k $2.9m $2.9m 0.00% Reduced -23.7k -23,667
25 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 20,53820.5k $2.8m $2.8m 0.00% Reduced -92.9k -92,925
26 SP Asset Management LLC 0.21% of their portfolio CUPERTINO, CA 19,08419.1k $2.6m $2.6m 0.21% Reduced -451 -451
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 16,06616.1k $2.2m $2.2m 0.00% New
28 Stonebridge Financial Planning Group, LLC 0.78% of their portfolio ORLANDO, FL 15,86215.9k $2.2m $2.2m 0.78% Reduced -978 -978
29 Hills Bank & Trust Co 0.12% of their portfolio North Liberty, IA 15,39215.4k $2.1m $2.1m 0.12% Added +1.8k +1,762
30 PFG Advisors 0.10% of their portfolio Phoenix, AZ 14,92714.9k $2.0m $2.0m 0.10% Added +1.5k +1,522
31 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 14,73314.7k $2.0m $2.0m 0.01% Reduced -17.9k -17,897
32 AlphaCore Capital LLC 0.04% of their portfolio LA JOLLA, CA 13,47813.5k $1.8m $1.8m 0.04% Added +10.3k +10,320
33 Concentric Capital Strategies, LP 0.09% of their portfolio Stamford, CT 13,42313.4k $1.8m $1.8m 0.09% New
34 J.W. COLE ADVISORS, INC. 0.05% of their portfolio TAMPA, FL 12,93912.9k $2.1m $2.1m 0.05% Reduced -185 -185
35 Outlook Wealth Advisors, LLC 0.36% of their portfolio SHENANDOAH, TX 11,82211.8k $1.6m $1.6m 0.36% Reduced -236 -236
36 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 11,14011.1k $1.5m $1.5m 0.00% Reduced -75 -75
37 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,35910.4k $1.4m $1.4m 0.00% Added +824 +824
38 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,27110.3k $1.4m $1.4m 0.00% Added +132 +132
39 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,05310.1k $1.4m $1.4m 0.00% Reduced -7 -7
40 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 9,0829.1k $1.2m $1.2m 0.01% Reduced -1.2k -1,249
41 Delos Wealth Advisors, LLC 0.80% of their portfolio DALLAS, TX 8,8758.9k $1.2m $1.2m 0.80% Added +552 +552
42 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 8,8448.8k $1.2m $1.2m 0.01% Reduced -267 -267
43 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,1808.2k $1.1m $1.1m 0.00% Added +499 +499
44 Genesee Capital Advisors, LLC 0.44% of their portfolio AUBURN, NY 8,0348.0k $1.1m $1.1m 0.44% Reduced -2.7k -2,728
45 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 7,2897.3k $992.4k $992.4k 0.02% Added +3.4k +3,378
46 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 7,2007.2k $980.3k $980.3k 0.01% Added +28 +28
47 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 6,9016.9k $939.5k $939.5k 0.01% Reduced -237.3k -237,274
48 Northstar Financial Companies, Inc. 0.75% of their portfolio CONSHOHOCKEN, PA 6,8936.9k $938.5k $938.5k 0.75% New
49 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 6,8096.8k $927.1k $927.1k 0.00% Reduced -310 -310
50 LEUTHOLD GROUP, LLC 0.10% of their portfolio MINNEAPOLIS, MN 6,7966.8k $925.3k $925.3k 0.10% Reduced -247 -247
51 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 6,2016.2k $844.3k $844.3k 0.03% Added +385 +385
52 ACCESS FINANCIAL SERVICES, INC. 0.27% of their portfolio MINNEAPOLIS, MN 5,4495.4k $741.9k $741.9k 0.27% Reduced -626 -626
53 SFMG, LLC 0.05% of their portfolio PLANO, TX 5,3095.3k $722.8k $722.8k 0.05% Reduced -86 -86
54 Tepp RIA, LLC 0.62% of their portfolio WESTFIELD, NJ 4,5964.6k $625.7k $625.7k 0.62% Reduced -1.6k -1,613
55 IFG Advisory, LLC 0.03% of their portfolio ATLANTA, GA 4,5514.6k $619.6k $619.6k 0.03% Reduced -1.0k -1,045
56 Retirement Planning Co of New England, Inc. 0.24% of their portfolio Warwick, RI 4,3034.3k $585.9k $585.9k 0.24% Added +19 +19
57 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,2274.2k $575.5k $575.5k 0.00% Unchanged
58 WT Wealth Management 0.16% of their portfolio SCOTTSDALE, AZ 4,2104.2k $573.1k $573.1k 0.16% Added +232 +232
59 CARDIFF PARK ADVISORS, LLC 0.04% of their portfolio SAN MARCOS, CA 3,5003.5k $476.5k $476.5k 0.04% Unchanged
60 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 3,4103.4k $464.2k $464.2k 0.01% Added +14 +14
61 SONATA CAPITAL GROUP INC 0.16% of their portfolio SEATTLE, WA 3,3003.3k $449.3k $449.3k 0.16% Reduced -200 -200
62 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 3,2413.2k $441.0k $441.0k 0.01% New
63 Redwood Financial Network Corp 0.28% of their portfolio SOLON, OH 3,2223.2k $438.7k $438.7k 0.28% Added +745 +745
64 KKM Financial LLC 0.08% of their portfolio CHICAGO, IL 3,2123.2k $437.3k $437.3k 0.08% Reduced -3.6k -3,646
65 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 3,0023.0k $408.7k $408.7k 0.01% Added +2.3k +2,336
66 BANK HAPOALIM BM 0.03% of their portfolio TEL AVIV, L3 2,9302.9k $399.0k $399.0k 0.03% Reduced -290 -290
67 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 2,8712.9k $390.9k $390.9k 0.00% Reduced -90.5k -90,509
68 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 2,8692.9k $390.7k $390.7k 0.01% Reduced -75.8k -75,794
69 BIP Wealth, LLC 0.01% of their portfolio ATLANTA, GA 2,8202.8k $384.0k $384.0k 0.01% New
70 TRANSCEND CAPITAL ADVISORS, LLC 0.03% of their portfolio MADISON, NJ 2,7942.8k $380.4k $380.4k 0.03% New
71 Csenge Advisory Group 0.02% of their portfolio CLEARWATER, FL 2,7842.8k $379.0k $379.0k 0.02% Unchanged
72 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 2,6252.6k $357.3k $357.3k 0.01% Reduced -92 -92
73 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 2,6132.6k $355.8k $355.8k 0.00% Added +2.2k +2,175
74 FMR LLC 0.00% of their portfolio BOSTON, MA 2,5772.6k $350.8k $350.8k 0.00% Added +618 +618
75 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 2,5342.5k $345.0k $345.0k 0.00% Added +103 +103
76 TFB Advisors LLC 0.09% of their portfolio OVERLAND PARK, KS 2,4532.5k $334.0k $334.0k 0.09% Reduced -72 -72
77 Glenview Trust Co 0.00% of their portfolio Louisville, KY 2,3502.4k $320.0k $320.0k 0.00% Unchanged
78 ProCore Advisors, LLC 0.33% of their portfolio NEWPORT BEACH, CA 2,3462.3k $319.4k $319.4k 0.33% First filing
79 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,3402.3k $318.6k $318.6k 0.00% Reduced -493 -493
80 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 2,3292.3k $317.2k $317.2k 0.00% Reduced -1.7k -1,742
81 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 2,3152.3k $315.3k $315.3k 0.00% Reduced -32 -32
82 Odyssey Capital Advisors, Inc. 0.27% of their portfolio BALA CYNWYD, PA 2,2692.3k $308.9k $308.9k 0.27% First filing
83 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 2,2482.2k $306.0k $306.0k 0.00% Reduced -233.6k -233,592
84 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 2,2432.2k $305.4k $305.4k 0.01% Added +15 +15
85 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 2,1092.1k $287.1k $287.1k 0.00% Reduced -1.2k -1,174
86 Interchange Capital Partners, LLC 0.05% of their portfolio PITTSBURGH, PA 2,0602.1k $280.5k $280.5k 0.05% Added +3 +3
87 Regal Investment Advisors LLC 0.02% of their portfolio KENTWOOD, MI 2,0552.1k $279.9k $279.9k 0.02% Reduced -4.3k -4,281
88 FIRST HORIZON CORP 0.01% of their portfolio MEMPHIS, TN 2,0382.0k $277.5k $277.5k 0.01% Unchanged
89 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 2,0002.0k $272.3k $272.3k 0.00% Unchanged
90 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,9381.9k $263.9k $263.9k 0.00% Reduced -1.0k -1,000
91 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 1,9191.9k $261.3k $261.3k 0.00% New
92 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.00% of their portfolio PORTLAND, OR 1,9051.9k $259.4k $259.4k 0.00% Unchanged
93 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 1,8811.9k $256.0k $256.0k 0.00% Unchanged
94 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 1,8331.8k $249.6k $249.6k 0.00% Reduced -2.8k -2,821
95 Sowell Financial Services LLC 0.01% of their portfolio NORTH LITTLE ROCK, AR 1,7621.8k $239.9k $239.9k 0.01% Unchanged
96 Winthrop Advisory Group LLC 0.02% of their portfolio BOSTON, MA 1,6921.7k $230.4k $230.4k 0.02% Reduced -767 -767
97 Councilmark Asset Management, LLC 0.12% of their portfolio KNOXVILLE, TN 1,6251.6k $221.2k $221.2k 0.12% Unchanged
98 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 1,5851.6k $215.8k $215.8k 0.00% Reduced -23 -23
99 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 1,5561.6k $211.8k $211.8k 0.00% Reduced -177 -177
100 MinichMacGregor Wealth Management, LLC 0.04% of their portfolio Saratoga Springs, NY 1,5391.5k $209.5k $209.5k 0.04% Reduced -70.0k -70,020