Vault-13

ISHARES TR IAI

US BR DEL SE ETF · ETP · CUSIP 464288794

180 institutional holders -5 vs Q4 2024
5,810,1995.8m shares reported held*
$814.1mreported value*
34 new 44 added 74 reduced 38 sold out net sold ≈ $557.9m (-4.0m 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 ($591.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $140.12. Options: 5 managers hold calls ($5.3m notional), 4 hold puts ($14.3m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 95Q4 22: 115Q1 23: 112Q2 23: 86Q3 23: 85Q4 23: 87Q1 24: 92Q2 24: 136Q3 24: 153Q4 24: 185Q1 25: 180180Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202295
Q4 2022115
Q1 2023112
Q2 202386
Q3 202385
Q4 202387
Q1 202492
Q2 2024136
Q3 2024153
Q4 2024185
Q1 2025180

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 23: 28 bought or addedQ2 23: 82 cut or sold outQ3 23: 24 bought or addedQ3 23: 43 cut or sold outQ3 23Q4 23: 33 bought or addedQ4 23: 44 cut or sold outQ1 24: 39 bought or addedQ1 24: 50 cut or sold outQ1 24Q2 24: 85 bought or addedQ2 24: 29 cut or sold outQ3 24: 89 bought or addedQ3 24: 54 cut or sold outQ3 24Q4 24: 100 bought or addedQ4 24: 75 cut or sold outQ1 25: 78 bought or addedQ1 25: 112 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20232882
Q3 20232443
Q4 20233344
Q1 20243950
Q2 20248529
Q3 20248954
Q4 202410075
Q1 202578112

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 24 calls: $549.6kQ2 24 puts: $35.1kQ2 24P/C 0.06Q3 24 calls: $694.2kQ3 24 puts: $38.6kQ3 24P/C 0.06Q4 24 calls: $3.8mQ4 24 puts: $1.0mQ4 24P/C 0.26Q1 25 calls: $5.3mQ1 25 puts: $14.3mQ1 25P/C 2.72
Numbers
QuarterCallsPutsP/C
Q2 2024$549.6k$35.1k0.06
Q3 2024$694.2k$38.6k0.06
Q4 2024$3.8m$1.0m0.26
Q1 2025$5.3m$14.3m2.72

Biggest buyers

Harel Insurance Investments & Financial Services Ltd. New +640,000+640.0k
ASSETMARK, INC Added +479,981+480.0k
AFFINITY WEALTH MANAGEMENT LLC New +206,352+206.4k
TWO SIGMA INVESTMENTS, LP Added +169,500+169.5k
MORGAN STANLEY Added +85,023+85.0k
AMERIPRISE FINANCIAL INC Added +56,635+56.6k
WELLS FARGO & COMPANY/MN Added +49,104+49.1k
Quadrature Capital Ltd New +27,581+27.6k
HighTower Advisors, LLC Added +22,858+22.9k
Qube Research & Technologies Ltd Added +18,782+18.8k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -1,066,697-1.1m
BANK OF AMERICA CORP /DE/ Reduced -958,255-958.3k
RAYMOND JAMES FINANCIAL INC Reduced -770,496-770.5k
Janney Montgomery Scott LLC Reduced -718,896-718.9k
TRUIST FINANCIAL CORP Reduced -708,057-708.1k
WestEnd Advisors, LLC Reduced -702,807-702.8k
VICTORY CAPITAL MANAGEMENT INC Sold out -232,399-232.4k
LPL Financial LLC Reduced -91,857-91.9k
POTOMAC FUND MANAGEMENT INC /ADV Sold out -61,030-61.0k
MML INVESTORS SERVICES, LLC Reduced -57,096-57.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m20.4k shares
WOLVERINE TRADING, LLC New $1.2m8.3k shares
PEAK6 LLC Unchanged $1.0m7.3k shares
CITADEL ADVISORS LLC Reduced $238.2k1.7k shares
HighTower Advisors, LLC Added $1.7k300 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $13.5m96.7k shares
WOLVERINE TRADING, LLC Added $529.8k3.8k shares
CITADEL ADVISORS LLC Added $266.2k1.9k shares
HighTower Advisors, LLC Unchanged $132100 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fisher Asset Management, LLC 0.04% of their portfolio PLANO, TX 710,200710.2k $99.5m $99.5m 0.04% Reduced -35.8k -35,756
2 Harel Insurance Investments & Financial Services Ltd. 1.17% of their portfolio Ramat Gan, L3 640,000640.0k $89.7m $89.7m 1.17% New
3 ASSETMARK, INC 0.22% of their portfolio CONCORD, CA 574,806574.8k $80.5m $80.5m 0.22% Added +480.0k +479,981
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 470,271470.3k $65.9m $65.9m 0.00% Added +85.0k +85,023
5 AFFINITY WEALTH MANAGEMENT LLC 5.36% of their portfolio WILMINGTON, DE 206,352206.4k $28.9m $28.9m 5.36% New
6 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 196,900196.9k $27.6m $27.6m 0.06% Added +169.5k +169,500
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 177,926177.9k $24.9m $24.9m 0.00% Reduced -958.3k -958,255
8 SPC Financial, Inc. 2.09% of their portfolio ROCKVILLE, MD 169,714169.7k $23.8m $23.8m 2.09% Added +31 +31
9 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 165,521165.5k $23.2m $23.2m 0.01% Added +49.1k +49,104
10 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 161,980162.0k $22.7m $22.7m 0.01% Added +56.6k +56,635
11 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 149,312149.3k $20.9m $20.9m 0.07% Reduced -57.1k -57,096
12 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 128,535128.5k $18.0m $18.0m 0.01% Reduced -1.1m -1,066,697
13 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 111,081111.1k $15.6m $15.6m 0.01% Reduced -91.9k -91,857
14 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 101,652101.7k $14.2m $14.2m 0.01% Reduced -770.5k -770,496
15 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 101,056101.1k $14.2m $14.2m 0.02% Reduced -54.2k -54,238
16 WESPAC Advisors SoCal, LLC 3.59% of their portfolio Pasadena, CA 98,47798.5k $13.8m $13.8m 3.59% Added +6.0k +6,005
17 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 92,29592.3k $12.9m $12.9m 0.03% Reduced -6.0k -5,988
18 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 90,32190.3k $12.7m $12.7m 0.00% Reduced -37.6k -37,581
19 Advisory Services Network, LLC 0.22% of their portfolio ATLANTA, GA 81,86481.9k $11.5m $11.5m 0.22% Added +4.5k +4,536
20 Chicago Wealth Management, Inc. 5.81% of their portfolio CHICAGO, IL 79,15079.2k $11.1m $11.1m 5.81% Added +2.0k +1,967
21 UBS Group AG 0.00% of their portfolio ZURICH, V8 70,45470.5k $9.9m $9.9m 0.00% Reduced -38.8k -38,841
22 Prospera Financial Services Inc 0.20% of their portfolio Dallas, TX 61,77861.8k $8.7m $8.7m 0.20% Added +6.7k +6,698
23 EWG Elevate Inc. 3.15% of their portfolio ROSEVILLE, CA 59,35259.4k $8.3m $8.3m 3.15% Reduced -26.1k -26,123
24 MinichMacGregor Wealth Management, LLC 1.60% of their portfolio Saratoga Springs, NY 51,10451.1k $7.2m $7.2m 1.60% Reduced -28.7k -28,677
25 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 50,00050.0k $7.0m $7.0m 0.01% First filing
26 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 46,51946.5k $6.5m $6.5m 0.02% Reduced -718.9k -718,896
27 SFI Advisors, LLC 4.49% of their portfolio Montclair, NJ 43,32143.3k $6.1m $6.1m 4.49% Reduced -1.1k -1,071
28 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 38,64238.6k $5.4m $5.4m 0.01% Added +22.9k +22,858
29 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 37,65137.7k $5.3m $5.3m 0.01% Reduced -21.3k -21,285
30 Well Done, LLC 0.98% of their portfolio HOLLAND, MI 37,59037.6k $5.4m $5.4m 0.98% Added +786 +786
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 36,46636.5k $5.1m $5.1m 0.00% Added +17.6k +17,560
32 McGuire Investment Group, LLC 0.66% of their portfolio WAKEFIELD, RI 31,54631.5k $4.4m $4.4m 0.66% Reduced -944 -944
33 Steward Partners Investment Advisory, LLC 0.03% of their portfolio STAMFORD, CT 27,66027.7k $3.9m $3.9m 0.03% Reduced -788 -788
34 Quadrature Capital Ltd 0.09% of their portfolio LONDON, X0 27,58127.6k $3.9m $3.9m 0.09% New
35 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 25,89225.9k $3.6m $3.6m 0.01% Reduced -14.4k -14,351
36 Atria Wealth Solutions, Inc. 0.04% of their portfolio NEW YORK, NY 25,20625.2k $3.5m $3.5m 0.04% Reduced -14.3k -14,350
37 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 22,75622.8k $3.2m $3.2m 0.02% Reduced -2.7k -2,748
38 GTS SECURITIES LLC 0.13% of their portfolio NEW YORK, NY 21,21321.2k $3.0m $3.0m 0.13% Added +16.3k +16,272
39 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 19,83719.8k $2.8m $2.8m 0.00% Added +18.8k +18,782
40 COTTONWOOD CAPITAL ADVISORS, LLC 2.03% of their portfolio SALT LAKE CITY, UT 19,69919.7k $2.8m $2.8m 2.03% Reduced -235 -235
41 1 NORTH WEALTH SERVICES LLC 1.27% of their portfolio ANNAPOLIS, MD 19,58819.6k $2.7m $2.7m 1.27% Reduced -17.3k -17,253
42 Tudor Financial Inc. 1.59% of their portfolio DAYTON, OH 18,85118.9k $2.6m $2.6m 1.59% Added +166 +166
43 Mariner, LLC 0.00% of their portfolio Overland Park, KS 17,48317.5k $2.4m $2.4m 0.00% Added +9.5k +9,539
44 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 16,26116.3k $2.3m $2.3m 0.02% New
45 Great Diamond Partners, LLC 0.61% of their portfolio Portland, ME 15,85215.9k $2.2m $2.2m 0.61% Reduced -31 -31
46 Cadent Capital Advisors, LLC 0.82% of their portfolio TULSA, OK 15,33615.3k $2.1m $2.1m 0.82% Reduced -1.4k -1,440
47 Tower Research Capital LLC (TRC) 0.06% of their portfolio NEW YORK, NY 15,28915.3k $2.1m $2.1m 0.06% Added +15.3k +15,269
48 VestGen Advisors, LLC 0.10% of their portfolio CHICAGO, IL 15,07115.1k $2.1m $2.1m 0.10% First filing
49 HERITAGE OAK WEALTH ADVISORS LLC 0.92% of their portfolio SANTA ROSA BEACH, FL 14,86814.9k $2.1m $2.1m 0.92% New
50 Baker Avenue Asset Management, LP 0.06% of their portfolio SAN FRANCISCO, CA 14,61114.6k $2.0m $2.0m 0.06% Added +435 +435
51 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 14,29414.3k $2.0m $2.0m 0.00% Reduced -708.1k -708,057
52 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 13,83113.8k $1.9m $1.9m 0.00% Added +10.0k +9,989
53 GREAT VALLEY ADVISOR GROUP, INC. 0.04% of their portfolio WILMINGTON, DE 12,26512.3k $1.7m $1.7m 0.04% Added +133 +133
54 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 11,25411.3k $1.6m $1.6m 0.00% New
55 One Capital Management, LLC 0.05% of their portfolio WESTLAKE VILLAGE, CA 11,00011.0k $1.5m $1.5m 0.05% New
56 Csenge Advisory Group 0.08% of their portfolio CLEARWATER, FL 10,18410.2k $1.3m $1.3m 0.08% Added +8.4k +8,368
57 Atria Investments, Inc 0.02% of their portfolio Charlotte, NC 10,17710.2k $1.4m $1.4m 0.02% Reduced -11.6k -11,587
58 PRELUDE CAPITAL MANAGEMENT, LLC 0.14% of their portfolio NEW YORK, NY 9,7679.8k $1.4m $1.4m 0.14% New
59 SEAVIEW INVESTMENT MANAGERS LLC 0.31% of their portfolio MIAMI, FL 9,0619.1k $1.3m $1.3m 0.31% Added +350 +350
60 Robinson Value Management, Ltd. 0.82% of their portfolio SAN ANTONIO, TX 9,0479.0k $1.3m $1.3m 0.82% Reduced -50 -50
61 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 8,8808.9k $1.2m $1.2m 0.01% Reduced -28.7k -28,672
62 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 8,6358.6k $1.2m $1.2m 0.01% Reduced -619 -619
63 Belpointe Asset Management LLC 0.06% of their portfolio RENO, NV 8,0748.1k $1.1m $1.1m 0.06% New
64 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 7,8577.9k $1.1m $1.1m 0.00% Reduced -1 -1
65 SYNOVUS FINANCIAL CORP 0.01% of their portfolio Columbus, GA 7,8127.8k $1.1m $1.1m 0.01% Added +28 +28
66 AVALON CAPITAL MANAGEMENT 0.32% of their portfolio Port Of Redwood City, CA 7,7527.8k $1.1m $1.1m 0.32% Reduced -6.6k -6,634
67 Black Swift Group, LLC 0.24% of their portfolio BOULDER, CO 7,6957.7k $1.1m $1.1m 0.24% New
68 Allworth Financial LP 0.01% of their portfolio FOLSOM, CA 7,5477.5k $1.0m $1.0m 0.01% Reduced -3.2k -3,175
69 ALTFEST L J & CO INC 0.13% of their portfolio NEW YORK, NY 7,5337.5k $1.1m $1.1m 0.13% Reduced -9.4k -9,423
70 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 7,0167.0k $978.1k $978.1k 0.00% Added +2.0k +1,955
71 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 6,7566.8k $946.6k $946.6k 0.00% Reduced -13.5k -13,466
72 Fifth Third Securities, Inc. 0.08% of their portfolio Cincinnati, OH 6,6166.6k $927.0k $927.0k 0.08% Added +2.8k +2,805
73 INTEGRITY ALLIANCE, LLC. 0.03% of their portfolio Urbandale, IA 6,1346.1k $859.4k $859.4k 0.03% New
74 Genesee Capital Advisors, LLC 0.41% of their portfolio AUBURN, NY 5,8995.9k $826.6k $826.6k 0.41% Reduced -2.3k -2,305
75 Aprio Wealth Management, LLC 0.10% of their portfolio ATLANTA, GA 5,7685.8k $808.1k $808.1k 0.10% Added +2.2k +2,156
76 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 5,6045.6k $785.2k $785.2k 0.00% Reduced -1.4k -1,441
77 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,5465.5k $777.1k $777.1k 0.00% Reduced -14.3k -14,345
78 Apeiron RIA LLC 0.23% of their portfolio Dallas, TX 5,4705.5k $766.4k $766.4k 0.23% Reduced -144 -144
79 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 5,4345.4k $761.4k $761.4k 0.01% Reduced -13.9k -13,878
80 WestEnd Advisors, LLC 0.02% of their portfolio CHARLOTTE, NC 5,2075.2k $729.5k $729.5k 0.02% Reduced -702.8k -702,807
81 Jackson Wealth Management, LLC 0.08% of their portfolio LAKE MARY, FL 4,9815.0k $698.0k $698.0k 0.08% Added +27 +27
82 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,8974.9k $686.1k $686.1k 0.00% Reduced -194 -194
83 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 4,8444.8k $678.7k $678.7k 0.00% New
84 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 4,7194.7k $661.0k $661.0k 0.00% Reduced -221 -221
85 MUIRFIELD WEALTH ADVISORS LLC 0.54% of their portfolio CHARLOTTE, NC 4,5244.5k $633.8k $633.8k 0.54% Reduced -2.5k -2,514
86 Hudson Value Partners, LLC 0.24% of their portfolio PALM BEACH, FL 4,4904.5k $629.1k $629.1k 0.24% Added +621 +621
87 Ascent Group, LLC 0.03% of their portfolio VIRGINIA BEACH, VA 4,1824.2k $585.9k $585.9k 0.03% Added +2.6k +2,642
88 Algorithmic Investment Models, LLC 0.42% of their portfolio Boston, MA 4,0904.1k $573.0k $573.0k 0.42% New
89 FMR LLC 0.00% of their portfolio BOSTON, MA 3,8853.9k $544.3k $544.3k 0.00% Reduced -448 -448
90 SOUTHERN CAPITAL ADVISORS, LLC 0.29% of their portfolio Jackson, TN 3,7713.8k $528.4k $528.4k 0.29% New
91 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 3,7673.8k $527.8k $527.8k 0.01% Added +275 +275
92 Global Financial Private Client, LLC 0.19% of their portfolio Sarasota, FL 3,6263.6k $508.0k $508.0k 0.19% New
93 VestGen Investment Management 0.37% of their portfolio EGG HARBOR TOWNSHIP, NJ 3,4883.5k $488.7k $488.7k 0.37% New
94 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 3,4313.4k $481.0k $481.0k 0.01% Reduced -878 -878
95 HBW ADVISORY SERVICES LLC 0.07% of their portfolio SIMI VALLEY, CA 3,2953.3k $461.7k $461.7k 0.07% Reduced -407 -407
96 Janney Capital Management LLC 0.03% of their portfolio PITTSBURGH, PA 3,2093.2k $450.0k $450.0k 0.03% New
97 ALPINE WOODS CAPITAL INVESTORS, LLC 0.11% of their portfolio PURCHASE, NY 3,0003.0k $420.3k $420.3k 0.11% Unchanged
98 Maxele Advisors, LLC 0.40% of their portfolio WEBSTER GROVES, MO 2,9262.9k $409.9k $409.9k 0.40% Reduced -25 -25
99 TWO SIGMA SECURITIES, LLC 0.06% of their portfolio NEW YORK, NY 2,8612.9k $400.9k $400.9k 0.06% New
100 Kesler, Norman & Wride, LLC 0.08% of their portfolio OGDEN, UT 2,8442.8k $398.5k $398.5k 0.08% Reduced -151 -151