Vault-13

ISHARES TR IHE

U.S. PHARMA ETF · ETP · CUSIP 464288836

179 institutional holders +28 vs Q3 2025
6,491,2696.5m shares reported held*
$550.7mreported value*
37 new 60 added 27 reduced 14 sold out net bought ≈ $140.7m (+1.7m 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 ($24.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $84.83.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 114Q4 22: 130Q1 23: 127Q2 23: 121Q3 23: 130Q4 23: 138Q1 24: 142Q2 24: 145Q3 24: 144Q4 24: 156Q1 25: 152Q2 25: 142Q3 25: 151Q4 25: 179179Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022114
Q4 2022130
Q1 2023127
Q2 2023121
Q3 2023130
Q4 2023138
Q1 2024142
Q2 2024145
Q3 2024144
Q4 2024156
Q1 2025152
Q2 2025142
Q3 2025151
Q4 2025179

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 52 bought or addedQ1 24: 65 cut or sold outQ2 24: 69 bought or addedQ2 24: 50 cut or sold outQ2 24Q3 24: 59 bought or addedQ3 24: 58 cut or sold outQ4 24: 64 bought or addedQ4 24: 48 cut or sold outQ4 24Q1 25: 52 bought or addedQ1 25: 65 cut or sold outQ2 25: 53 bought or addedQ2 25: 63 cut or sold outQ2 25Q3 25: 50 bought or addedQ3 25: 52 cut or sold outQ4 25: 97 bought or addedQ4 25: 41 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245265
Q2 20246950
Q3 20245958
Q4 20246448
Q1 20255265
Q2 20255363
Q3 20255052
Q4 20259741

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ1 25 calls: $211.7kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $296.8kQ3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$211.7k$00.00
Q2 2025$0$0—
Q3 2025$0$296.8k—
Q4 2025$0$0—

Biggest buyers

Foundations Investment Advisors, LLC New +642,617+642.6k
BANK OF AMERICA CORP /DE/ Added +329,332+329.3k
MORGAN STANLEY Added +284,821+284.8k
Anfield Capital Management, LLC New +117,965+118.0k
Accurate Wealth Management, LLC New +75,126+75.1k
ROYAL BANK OF CANADA Added +53,661+53.7k
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC New +53,387+53.4k
AdvisorNet Financial, Inc New +40,010+40.0k
OSAIC HOLDINGS, INC. Added +33,110+33.1k
Banque Cantonale Vaudoise New +24,500+24.5k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -62,887-62.9k
Fisher Asset Management, LLC Reduced -60,698-60.7k
JANE STREET GROUP, LLC Sold out -13,513-13.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -12,123-12.1k
JPMORGAN CHASE & CO Reduced -11,953-12.0k
Tower Research Capital LLC (TRC) Sold out -8,159-8.2k
Advus Financial Partners, LLC Sold out -4,798-4.8k
JONES FINANCIAL COMPANIES LLLP Reduced -4,684-4.7k
PFG Advisors Sold out -4,523-4.5k
Rockefeller Capital Management L.P. Reduced -4,246-4.2k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fisher Asset Management, LLC 0.08% of their portfolio PLANO, TX 2,825,6442.8m $239.7m $239.7m 0.08% Reduced -60.7k -60,698
2 Foundations Investment Advisors, LLC 0.71% of their portfolio PHOENIX, AZ 642,617642.6k $54.5m $54.5m 0.71% New
3 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 472,581472.6k $40.1m $40.1m 0.00% Added +284.8k +284,821
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 444,041444.0k $37.7m $37.7m 0.00% Added +329.3k +329,332
5 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 212,805212.8k $18.1m $18.1m 0.00% Reduced -12.0k -11,953
6 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 156,973157.0k $13.3m $13.3m 0.00% Added +53.7k +53,661
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 137,747137.7k $11.7m $11.7m 0.00% Added +24.2k +24,214
8 Anfield Capital Management, LLC 3.16% of their portfolio IRVINE, CA 117,965118.0k $10.0m $10.0m 3.16% New
9 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 103,016103.0k $8.7m $8.7m 0.01% Added +3.0k +3,016
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 82,87882.9k $7.0m $7.0m 0.00% Reduced -62.9k -62,887
11 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 75,43275.4k $6.4m $6.4m 0.01% Unchanged
12 Accurate Wealth Management, LLC 0.81% of their portfolio WESLEY CHAPEL, FL 75,12675.1k $6.4m $6.4m 0.81% New
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 56,06556.1k $4.8m $4.8m 0.00% Added +1.4k +1,421
14 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.81% of their portfolio LEAWOOD, KS 53,38753.4k $4.5m $4.5m 0.81% New
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 50,90750.9k $4.3m $4.3m 0.00% Added +10.3k +10,263
16 Concord Investment Counsel Inc. 1.38% of their portfolio IRVINE, CA 50,02250.0k $4.2m $4.2m 1.38% Reduced -1.7k -1,707
17 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 42,67242.7k $3.6m $3.6m 0.01% Added +33.1k +33,110
18 AdvisorNet Financial, Inc 0.18% of their portfolio MINNETONKA, MN 40,01040.0k $3.4m $3.4m 0.18% New
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 38,81038.8k $3.3m $3.3m 0.00% Added +5.1k +5,063
20 PEAPACK GLADSTONE FINANCIAL CORP 0.03% of their portfolio BEDMINSTER, NJ 31,46331.5k $2.7m $2.7m 0.03% Reduced -758 -758
21 Merit Financial Group, LLC 0.02% of their portfolio ALPHARETTA, GA 31,32331.3k $2.7m $2.7m 0.02% Unchanged
22 PATTEN & PATTEN INC/TN 0.13% of their portfolio CHATTANOOGA, TN 26,75526.8k $2.3m $2.3m 0.13% Added +372 +372
23 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 26,62126.6k $2.3m $2.3m 0.02% Added +8.9k +8,921
24 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 26,51526.5k $2.2m $2.2m 0.00% Reduced -2.6k -2,619
25 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 25,55325.6k $2.2m $2.2m 0.00% Added +332 +332
26 Mariner, LLC 0.00% of their portfolio Overland Park, KS 25,36725.4k $2.2m $2.2m 0.00% Reduced -1.1k -1,069
27 Banque Cantonale Vaudoise 0.07% of their portfolio LAUSANNE, V8 24,50024.5k $2.1m $2.1m 0.07% New
28 VestGen Advisors, LLC 0.09% of their portfolio CHICAGO, IL 23,54923.5k $2.0m $2.0m 0.09% New
29 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 22,47322.5k $1.9m $1.9m 0.00% Added +4.8k +4,781
30 GRIMES & Co WEALTH MANAGEMENT, LLC 0.05% of their portfolio WESTBOROUGH, MA 22,42922.4k $1.9m $1.9m 0.05% Added +929 +929
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 21,39121.4k $1.8m $1.8m 0.00% Added +14.6k +14,557
32 CAHILL FINANCIAL ADVISORS INC 0.19% of their portfolio EDINA, MN 20,30920.3k $1.7m $1.7m 0.19% Added +55 +55
33 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 20,14820.1k $1.7m $1.7m 0.01% New
34 SPINNAKER TRUST 0.07% of their portfolio PORTLAND, ME 15,84915.8k $1.3m $1.3m 0.07% Reduced -2.3k -2,305
35 One Capital Management, LLC 0.04% of their portfolio WESTLAKE VILLAGE, CA 15,25215.3k $1.3m $1.3m 0.04% Reduced -1.7k -1,742
36 Massachusetts Wealth Management 0.60% of their portfolio NORTH ANDOVER, MA 15,23015.2k $1.3m $1.3m 0.60% Reduced -245 -245
37 FMR LLC 0.00% of their portfolio BOSTON, MA 14,79214.8k $1.3m $1.3m 0.00% Added +1.9k +1,890
38 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 14,69314.7k $1.2m $1.2m 0.00% Reduced -4.7k -4,684
39 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 14,33814.3k $1.2m $1.2m 0.00% New
40 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,11814.1k $1.2m $1.2m 0.00% Added +1.0k +1,039
41 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 13,01213.0k $1.1m $1.1m 0.00% Added +6.7k +6,704
42 Asset Management Group, Inc. 0.18% of their portfolio STAMFORD, CT 12,91312.9k $1.1m $1.1m 0.18% Added +88 +88
43 Texas Yale Capital Corp. 0.03% of their portfolio ST. PETERSBURG, FL 12,22512.2k $1.0m $1.0m 0.03% Unchanged
44 CHILDRESS CAPITAL ADVISORS, LLC 0.16% of their portfolio HOUSTON, TX 12,00012.0k $1.0m $1.0m 0.16% New
45 Institute for Wealth Management, LLC. 0.10% of their portfolio DENVER, CO 11,27311.3k $956.2k $956.2k 0.10% Added +708 +708
46 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,40110.4k $882.0k $882.0k 0.00% Added +3.7k +3,656
47 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 9,0809.1k $770.2k $770.2k 0.00% Reduced -198 -198
48 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 9,0629.1k $768.7k $768.7k 0.01% Added +2.0k +1,968
49 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 8,6138.6k $730.7k $730.7k 0.00% Reduced -251 -251
50 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 8,4678.5k $718.2k $718.2k 0.00% Reduced -24 -24
51 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 8,2088.2k $696.2k $696.2k 0.00% Reduced -103 -103
52 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 7,6087.6k $645.3k $645.3k 0.02% Added +204 +204
53 ARKANSAS FINANCIAL GROUP, INC. 0.09% of their portfolio LITTLE ROCK, AR 7,1357.1k $605.3k $605.3k 0.09% Reduced -280 -280
54 OPPENHEIMER & CO INC 0.01% of their portfolio NEW YORK, NY 6,7866.8k $575.7k $575.7k 0.01% Unchanged
55 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,6056.6k $560.3k $560.3k 0.00% Reduced -1.4k -1,364
56 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 6,5866.6k $558.6k $558.6k 0.00% Added +70 +70
57 Stratos Wealth Advisors, LLC 0.03% of their portfolio BEACHWOOD, OH 6,5466.5k $555.3k $555.3k 0.03% New
58 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 6,4156.4k $544.2k $544.2k 0.00% Reduced -4.2k -4,246
59 FIRST FINANCIAL BANK - TRUST DIVISION 0.04% of their portfolio HAMILTON, OH 6,3966.4k $542.6k $542.6k 0.04% Unchanged
60 COMERICA BANK 0.00% of their portfolio DALLAS, TX 6,3306.3k $537.0k $537.0k 0.00% Added +4.2k +4,248
61 Commonwealth Retirement Investments LLC 0.17% of their portfolio RICHMOND, VA 6,1466.1k $521.4k $521.4k 0.17% New
62 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,7325.7k $486.3k $486.3k 0.00% Added +1.0k +1,012
63 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 5,6025.6k $475.2k $475.2k 0.01% Reduced -1.8k -1,835
64 WOODMONT INVESTMENT COUNSEL LLC 0.03% of their portfolio NASHVILLE, TN 5,5745.6k $472.8k $472.8k 0.03% Unchanged
65 Lynx Investment Advisory 0.24% of their portfolio WASHINGTON, DC, DC 5,2445.2k $444.9k $444.9k 0.24% New
66 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 5,1265.1k $434.9k $434.9k 0.01% Added +11 +11
67 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 4,9354.9k $418.6k $418.6k 0.00% Added +295 +295
68 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 4,9134.9k $416.7k $416.7k 0.00% Added +2 +2
69 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 4,6964.7k $397.3k $397.3k 0.00% Added +489 +489
70 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 4,2084.2k $357.0k $357.0k 0.01% Added +30 +30
71 Raab & Moskowitz Asset Management LLC 0.08% of their portfolio Chatham, NJ 4,0724.1k $345.4k $345.4k 0.08% Unchanged
72 Waverly Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 4,0454.0k $343.2k $343.2k 0.00% Added +135 +135
73 KINGSWOOD WEALTH ADVISORS, LLC 0.02% of their portfolio SAN DIEGO, CA 3,9003.9k $330.8k $330.8k 0.02% Added +800 +800
74 Financial Partners Group, Inc 0.04% of their portfolio Overland Park, KS 3,7533.8k $325.3k $325.3k 0.04% New
75 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 3,6663.7k $311.0k $311.0k 0.00% Added +110 +110
76 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 3,5503.5k $301.1k $301.1k 0.00% Added +63 +63
77 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.00% of their portfolio IRVING, TX 3,5493.5k $301.1k $301.1k 0.00% New
78 AFT, FORSYTH & COMPANY, INC. 0.13% of their portfolio JUPITER, FL 3,4403.4k $291.8k $291.8k 0.13% Added +15 +15
79 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 3,4293.4k $291.0k $291.0k 0.00% Reduced -188 -188
80 Private Capital Management, LLC 0.03% of their portfolio NAPLES, FL 3,4253.4k $290.5k $290.5k 0.03% Unchanged
81 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 3,3273.3k $282.2k $282.2k 0.01% Unchanged
82 Essex Bank 0.06% of their portfolio Essex, CT 3,3003.3k $279.9k $279.9k 0.06% Unchanged
83 V2 Financial group LLC 0.14% of their portfolio NAPERVILLE, IL 3,3003.3k $279.9k $279.9k 0.14% Unchanged
84 Csenge Advisory Group 0.01% of their portfolio CLEARWATER, FL 3,2003.2k $271.5k $271.5k 0.01% New
85 AlphaCore Capital LLC 0.01% of their portfolio LA JOLLA, CA 3,0903.1k $262.1k $262.1k 0.01% New
86 BEACON INVESTMENT ADVISORY SERVICES, INC. 0.01% of their portfolio MORRISTOWN, NJ 3,0603.1k $259.6k $259.6k 0.01% New
87 Hudock, Inc. 0.04% of their portfolio Williamsport, PA 3,0343.0k $257.4k $257.4k 0.04% Added +114 +114
88 Manchester Capital Management LLC 0.03% of their portfolio MANCHESTER, VT 3,0003.0k $254.5k $254.5k 0.03% Unchanged
89 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 2,8772.9k $244.1k $244.1k 0.00% Unchanged
90 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 2,8652.9k $243.0k $243.0k 0.00% New
91 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 2,8622.9k $242.8k $242.8k 0.00% New
92 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 2,7102.7k $229.9k $229.9k 0.00% Reduced -12.1k -12,123
93 Y.D. More Investments Ltd 0.01% of their portfolio Ramat Gan, L3 2,7002.7k $229.0k $229.0k 0.01% Unchanged
94 ELLERSON GROUP INC /ADV 0.15% of their portfolio ANNAPOLIS, MD 2,6192.6k $222.2k $222.2k 0.15% New
95 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,5532.6k $216.6k $216.6k 0.00% Added +567 +567
96 GSA CAPITAL PARTNERS LLP 0.02% of their portfolio LONDON, X0 2,5472.5k $216.0k $216.0k 0.02% Reduced -1.6k -1,593
97 Cornerstone Wealth Group, LLC 0.01% of their portfolio HUNTERSVILLE, NC 2,5052.5k $212.5k $212.5k 0.01% New
98 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 2,4162.4k $204.9k $204.9k 0.00% Reduced -1.7k -1,658
99 Aviance Capital Partners, LLC 0.02% of their portfolio NAPLES, FL 2,4122.4k $204.6k $204.6k 0.02% New
100 BROWN, LISLE/CUMMINGS, INC. 0.05% of their portfolio PROVIDENCE, RI 2,3762.4k $201.6k $201.6k 0.05% Unchanged