Vault-13

ISHARES TR IAK

U.S. INSRNCE ETF · ETP · CUSIP 464288786

132 institutional holders -17 vs Q4 2025
1,427,9651.4m shares reported held*
$183.3mreported value*
15 new 41 added 49 reduced 29 sold out net sold ≈ $57.1m (-444.8k 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 ≈ $128.35. Options: 1 managers hold calls ($295.1k notional), 1 hold puts ($218.1k).

Trends to Q1 2026

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: 149Q1 26: 132132Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026132

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 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 25Q4 25: 60 bought or addedQ4 25: 92 cut or sold outQ1 26: 56 bought or addedQ1 26: 78 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20248141
Q3 20248657
Q4 20247973
Q1 20257677
Q2 20259874
Q3 20257790
Q4 20256092
Q1 20265678

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ2 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 0.00Q1 26 calls: $295.1kQ1 26 puts: $218.1kQ1 26P/C 0.74
Numbers
QuarterCallsPutsP/C
Q2 2025$0$0—
Q3 2025$26.8k$53.6k2.00
Q4 2025$313.1k$00.00
Q1 2026$295.1k$218.1k0.74

Biggest buyers

Cavalier Investments, LLC New +45,960+46.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +20,832+20.8k
Baird Financial Group, Inc. New +20,444+20.4k
LPL Financial LLC Added +15,225+15.2k
CITADEL ADVISORS LLC New +14,194+14.2k
Cetera Investment Advisers Added +10,366+10.4k
Northstar Financial Companies, Inc. Added +7,393+7.4k
Schorn Wealth LLC Added +6,030+6.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +3,152+3.2k
Belpointe Asset Management LLC Added +2,706+2.7k

Biggest sellers

MORGAN STANLEY Reduced -74,926-74.9k
GGM Financial LLC Reduced -72,535-72.5k
WELLS FARGO & COMPANY/MN Reduced -61,711-61.7k
Well Done, LLC Sold out -52,458-52.5k
RAYMOND JAMES FINANCIAL INC Reduced -39,272-39.3k
TWO SIGMA INVESTMENTS, LP Reduced -30,600-30.6k
ROYAL BANK OF CANADA Reduced -29,515-29.5k
CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC Sold out -26,370-26.4k
COTTONWOOD CAPITAL ADVISORS, LLC Sold out -26,117-26.1k
Federation des caisses Desjardins du Quebec Reduced -22,091-22.1k

Biggest calls

CITADEL ADVISORS LLC Unchanged $295.1k2.3k shares

Biggest puts

CITADEL ADVISORS LLC New $218.1k1.7k 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 0.00% of their portfolio NEW YORK, NY 138,099138.1k $17.7m $17.7m 0.00% Reduced -74.9k -74,926
2 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 102,087102.1k $13.1m $13.1m 0.00% Added +15.2k +15,225
3 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 81,61081.6k $10.5m $10.5m 0.00% Reduced -61.7k -61,711
4 Schorn Wealth LLC 2.41% of their portfolio ENGLEWOOD, FL 62,28062.3k $8.0m $8.0m 2.41% Added +6.0k +6,030
5 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 59,10059.1k $7.6m $7.6m 0.01% Reduced -30.6k -30,600
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 58,38358.4k $7.5m $7.5m 0.01% Added +20.8k +20,832
7 Legend Financial Advisors, Inc. 4.59% of their portfolio PITTSBURGH, PA 55,50755.5k $7.1m $7.1m 4.59% Added +947 +947
8 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 46,17246.2k $5.9m $5.9m 0.00% Reduced -29.5k -29,515
9 Cavalier Investments, LLC 1.52% of their portfolio ALPHARETTA, GA 45,96046.0k $5.9m $5.9m 1.52% New
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 43,32143.3k $5.6m $5.6m 0.00% Reduced -17.0k -16,981
11 JMAC ENTERPRISES LLC 0.86% of their portfolio NEWTOWN, PA 35,03935.0k $4.5m $4.5m 0.86% Added +1.1k +1,070
12 RFG Advisory, LLC 0.08% of their portfolio BIRMINGHAM, AL 34,88734.9k $4.5m $4.5m 0.08% Added +2.4k +2,401
13 LEE DANNER & BASS INC 0.28% of their portfolio NASHVILLE, TN 34,57834.6k $4.4m $4.4m 0.28% Reduced -630 -630
14 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 32,21432.2k $4.1m $4.1m 0.00% Reduced -14.5k -14,452
15 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 31,65031.6k $4.1m $4.1m 0.01% Reduced -796 -796
16 MARTIN & CO INC /TN/ 0.64% of their portfolio Knoxville, TN 29,15629.2k $3.7m $3.7m 0.64% Added +1.2k +1,244
17 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 28,79428.8k $3.7m $3.7m 0.00% Reduced -39.3k -39,272
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 28,11928.1k $3.6m $3.6m 0.00% Reduced -14.4k -14,356
19 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 28,10328.1k $3.6m $3.6m 0.01% Reduced -22.1k -22,091
20 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 20,72520.7k $2.7m $2.7m 0.00% Added +10.4k +10,366
21 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 20,44420.4k $2.6m $2.6m 0.00% New
22 SP Asset Management LLC 0.22% of their portfolio CUPERTINO, CA 19,21419.2k $2.5m $2.5m 0.22% Added +130 +130
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 19,18019.2k $2.5m $2.5m 0.00% Reduced -2.5k -2,485
24 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 17,59617.6k $2.3m $2.3m 0.03% Reduced -13.8k -13,831
25 Hills Bank & Trust Co 0.11% of their portfolio North Liberty, IA 17,16017.2k $2.2m $2.2m 0.11% Added +1.8k +1,768
26 PFG Advisors 0.09% of their portfolio Phoenix, AZ 15,12115.1k $1.9m $1.9m 0.09% Added +194 +194
27 Northstar Financial Companies, Inc. 1.46% of their portfolio CONSHOHOCKEN, PA 14,28614.3k $1.8m $1.8m 1.46% Added +7.4k +7,393
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,19414.2k $1.8m $1.8m 0.00% New
29 Stonebridge Financial Planning Group, LLC 0.67% of their portfolio ORLANDO, FL 14,13814.1k $1.8m $1.8m 0.67% Reduced -1.7k -1,724
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 13,50413.5k $1.7m $1.7m 0.00% Reduced -1.2k -1,229
31 Outlook Wealth Advisors, LLC 0.36% of their portfolio SHENANDOAH, TX 11,47411.5k $1.5m $1.5m 0.36% Reduced -348 -348
32 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 11,02011.0k $1.4m $1.4m 0.00% Reduced -120 -120
33 Delos Wealth Advisors, LLC 0.79% of their portfolio DALLAS, TX 10,78910.8k $1.4m $1.4m 0.79% Added +1.9k +1,914
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 10,64110.6k $1.4m $1.4m 0.00% Reduced -9.9k -9,897
35 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,11310.1k $1.3m $1.3m 0.00% Added +60 +60
36 Mariner, LLC 0.00% of their portfolio Overland Park, KS 9,99110.0k $1.3m $1.3m 0.00% Reduced -280 -280
37 AlphaCore Capital LLC 0.03% of their portfolio LA JOLLA, CA 9,7159.7k $1.2m $1.2m 0.03% Reduced -3.8k -3,763
38 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 9,4579.5k $1.2m $1.2m 0.01% Added +613 +613
39 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 9,4059.4k $1.3m $1.3m 0.01% Added +323 +323
40 Belpointe Asset Management LLC 0.04% of their portfolio RENO, NV 8,9078.9k $1.1m $1.1m 0.04% Added +2.7k +2,706
41 Arkadios Wealth Advisors 0.02% of their portfolio ATLANTA, GA 7,6387.6k $979.9k $979.9k 0.02% Added +349 +349
42 Genesee Capital Advisors, LLC 0.40% of their portfolio AUBURN, NY 7,4997.5k $962.0k $962.0k 0.40% Reduced -535 -535
43 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 6,3756.4k $816.6k $816.6k 0.00% Reduced -825 -825
44 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 6,1546.2k $789.6k $789.6k 0.00% Reduced -655 -655
45 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 6,0826.1k $780.2k $780.2k 0.01% Reduced -819 -819
46 LEUTHOLD GROUP, LLC 0.08% of their portfolio MINNEAPOLIS, MN 5,7865.8k $742.3k $742.3k 0.08% Reduced -1.0k -1,010
47 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 5,7105.7k $716.8k $716.8k 0.00% Reduced -2.5k -2,470
48 SFMG, LLC 0.04% of their portfolio PLANO, TX 5,1085.1k $655.3k $655.3k 0.04% Reduced -201 -201
49 Retirement Planning Co of New England, Inc. 0.23% of their portfolio Warwick, RI 4,3964.4k $564.0k $564.0k 0.23% Added +93 +93
50 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,2274.2k $542.3k $542.3k 0.00% Unchanged
51 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 4,0044.0k $513.7k $513.7k 0.00% Added +1.7k +1,675
52 Redwood Financial Network Corp 0.30% of their portfolio SOLON, OH 3,5103.5k $450.4k $450.4k 0.30% Added +288 +288
53 CARDIFF PARK ADVISORS, LLC 0.04% of their portfolio SAN MARCOS, CA 3,5003.5k $449.0k $449.0k 0.04% Unchanged
54 TRANSCEND CAPITAL ADVISORS, LLC 0.04% of their portfolio MADISON, NJ 3,4263.4k $439.6k $439.6k 0.04% Added +632 +632
55 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 3,3423.3k $428.7k $428.7k 0.01% Reduced -68 -68
56 KKM Financial LLC 0.08% of their portfolio CHICAGO, IL 3,2123.2k $437.3k $437.3k 0.08% Unchanged
57 SONATA CAPITAL GROUP INC 0.15% of their portfolio SEATTLE, WA 3,2003.2k $410.5k $410.5k 0.15% Reduced -100 -100
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 3,1523.2k $404.8k $404.8k 0.00% New
59 BANK HAPOALIM BM 0.06% of their portfolio TEL AVIV, L3 2,9302.9k $376.0k $376.0k 0.06% Unchanged
60 Csenge Advisory Group 0.02% of their portfolio CLEARWATER, FL 2,8042.8k $359.7k $359.7k 0.02% Added +20 +20
61 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 2,7752.8k $356.0k $356.0k 0.01% Reduced -227 -227
62 BIP Wealth, LLC 0.01% of their portfolio ATLANTA, GA 2,7452.7k $352.2k $352.2k 0.01% Reduced -75 -75
63 FMR LLC 0.00% of their portfolio BOSTON, MA 2,5712.6k $329.8k $329.8k 0.00% Reduced -6 -6
64 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 2,4502.5k $314.3k $314.3k 0.00% Added +110 +110
65 Gateway Wealth Partners, LLC 0.01% of their portfolio APPLETON, WI 2,3962.4k $307.5k $307.5k 0.01% New
66 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 2,3902.4k $306.7k $306.7k 0.01% Reduced -235 -235
67 Larson Financial Group LLC 0.01% of their portfolio ST LOUIS, MO 2,3832.4k $305.7k $305.7k 0.01% Added +140 +140
68 Glenview Trust Co 0.00% of their portfolio Louisville, KY 2,3502.4k $301.5k $301.5k 0.00% Unchanged
69 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 2,3342.3k $299.5k $299.5k 0.00% Reduced -537 -537
70 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 2,2582.3k $289.7k $289.7k 0.00% Reduced -355 -355
71 Summit Financial, LLC 0.00% of their portfolio PARSIPPANY, NJ 2,2482.2k $288.4k $288.4k 0.00% Reduced -67 -67
72 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 2,2192.2k $284.7k $284.7k 0.00% Added +300 +300
73 Fortis Capital Advisors, LLC 0.04% of their portfolio PRAIRIE VILLAGE, KS 2,2102.2k $283.5k $283.5k 0.04% New
74 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 2,1292.1k $273.2k $273.2k 0.00% Added +20 +20
75 Odyssey Capital Advisors, Inc. 0.24% of their portfolio BALA CYNWYD, PA 2,1272.1k $272.9k $272.9k 0.24% Reduced -142 -142
76 FIRST HORIZON CORP 0.01% of their portfolio MEMPHIS, TN 2,0382.0k $261.5k $261.5k 0.01% Unchanged
77 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 2,0002.0k $256.6k $256.6k 0.00% Unchanged
78 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 1,9632.0k $251.9k $251.9k 0.00% Reduced -906 -906
79 Perigon Wealth Management, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,9381.9k $248.6k $248.6k 0.00% Unchanged
80 FERGUSON WELLMAN CAPITAL MANAGEMENT, INC 0.00% of their portfolio PORTLAND, OR 1,9051.9k $244.4k $244.4k 0.00% Unchanged
81 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 1,8991.9k $243.6k $243.6k 0.01% Added +757 +757
82 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 1,8811.9k $241.0k $241.0k 0.00% Unchanged
83 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 1,7771.8k $228.1k $228.1k 0.00% Reduced -757 -757
84 Sowell Financial Services LLC 0.01% of their portfolio NORTH LITTLE ROCK, AR 1,7621.8k $226.0k $226.0k 0.01% Unchanged
85 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 1,6751.7k $214.9k $214.9k 0.00% Added +90 +90
86 Councilmark Asset Management, LLC 0.12% of their portfolio KNOXVILLE, TN 1,6251.6k $208.5k $208.5k 0.12% Unchanged
87 Regal Investment Advisors LLC 0.01% of their portfolio KENTWOOD, MI 1,6231.6k $208.3k $208.3k 0.01% Reduced -432 -432
88 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 1,6121.6k $206.7k $206.7k 0.00% Reduced -221 -221
89 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 1,5611.6k $200.2k $200.2k 0.00% Added +306 +306
90 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,4921.5k $191.4k $191.4k 0.00% Reduced -16 -16
91 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,0211.0k $131.0k $131.0k 0.00% Added +132 +132
92 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 992992 $127.3k $127.3k 0.00% Added +128 +128
93 LANARK FINANCIAL, INC. 0.01% of their portfolio BIRMINGHAM, AL 785785 $100.7k $100.7k 0.01% Unchanged
94 Harbor Asset Planning, Inc. 0.08% of their portfolio BELMONT, MA 749749 $96.1k $96.1k 0.08% Added +12 +12
95 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 678678 $87.0k $87.0k 0.00% Reduced -4 -4
96 Vision Retirement, LLC 0.02% of their portfolio RIDGEWOOD, NJ 645645 $82.7k $82.7k 0.02% Added +10 +10
97 Y.D. More Investments Ltd 0.00% of their portfolio Ramat Gan, L3 630630 $80.8k $80.8k 0.00% Unchanged
98 Bulwark Capital Corp 0.05% of their portfolio FERNANDINA BEACH, FL 585585 $75.0k $75.0k 0.05% Reduced -338 -338
99 Osbon Capital Management LLC 0.05% of their portfolio BOSTON, MA 452452 $57.9k $57.9k 0.05% Added +2 +2
100 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 440440 $56.4k $56.4k 0.00% Added +151 +151