Vault-13

ISHARES TR IWC

MICRO-CAP ETF · ETP · CUSIP 464288869

209 institutional holders -2 vs Q1 2025
3,613,7823.6m shares reported held*
$462.3mreported value*
21 new 34 added 81 reduced 24 sold out net sold ≈ $10.6m (-83.4k 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 ($679.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $127.92. Options: 2 managers hold calls ($2.8m notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 195Q4 22: 197Q1 23: 189Q2 23: 194Q3 23: 192Q4 23: 210Q1 24: 208Q2 24: 204Q3 24: 223Q4 24: 239Q1 25: 211Q2 25: 209209Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022195
Q4 2022197
Q1 2023189
Q2 2023194
Q3 2023192
Q4 2023210
Q1 2024208
Q2 2024204
Q3 2024223
Q4 2024239
Q1 2025211
Q2 2025209

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 61 bought or addedQ3 23: 87 cut or sold outQ4 23: 72 bought or addedQ4 23: 81 cut or sold outQ4 23Q1 24: 63 bought or addedQ1 24: 94 cut or sold outQ2 24: 80 bought or addedQ2 24: 85 cut or sold outQ2 24Q3 24: 91 bought or addedQ3 24: 76 cut or sold outQ4 24: 85 bought or addedQ4 24: 82 cut or sold outQ4 24Q1 25: 72 bought or addedQ1 25: 114 cut or sold outQ2 25: 55 bought or addedQ2 25: 105 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236187
Q4 20237281
Q1 20246394
Q2 20248085
Q3 20249176
Q4 20248582
Q1 202572114
Q2 202555105

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 24 calls: $1.7mQ3 24 puts: $123.3kQ3 24P/C 0.07Q4 24 calls: $1.6mQ4 24 puts: $221.6kQ4 24P/C 0.14Q1 25 calls: $1.0mQ1 25 puts: $144.2kQ1 25P/C 0.14Q2 25 calls: $2.8mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$1.7m$123.3k0.07
Q4 2024$1.6m$221.6k0.14
Q1 2025$1.0m$144.2k0.14
Q2 2025$2.8m$00.00

Biggest buyers

ROYAL BANK OF CANADA Added +77,145+77.1k
PARK AVENUE SECURITIES LLC New +50,599+50.6k
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management Added +32,082+32.1k
BARCLAYS PLC Added +30,257+30.3k
GTS SECURITIES LLC Added +28,919+28.9k
M1 Capital Management LLC New +17,430+17.4k
LVZ, Inc. New +14,637+14.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +10,482+10.5k
TWO SIGMA INVESTMENTS, LP New +6,200+6.2k
Haven Private, LLC New +6,072+6.1k

Biggest sellers

Private Advisory Group LLC Sold out -77,254-77.3k
Corient Private Wealth LP Reduced -38,816-38.8k
BANK OF AMERICA CORP /DE/ Reduced -28,234-28.2k
JANE STREET GROUP, LLC Sold out -22,012-22.0k
STIFEL FINANCIAL CORP Sold out -20,068-20.1k
Kestra Advisory Services, LLC Reduced -14,276-14.3k
MORGAN STANLEY Reduced -14,095-14.1k
Alesco Advisors, LLC, An ESL Co Reduced -12,830-12.8k
Cambridge Investment Research Advisors, Inc. Reduced -12,092-12.1k
CITADEL ADVISORS LLC Reduced -9,748-9.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.3m18.2k shares
CITADEL ADVISORS LLC Added $434.0k3.4k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 1832 Asset Management L.P. 0.12% of their portfolio TORONTO, A6 541,921541.9k $69.2m $69.2m 0.12% Reduced -4.0k -3,969
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 202,001202.0k $25.8m $25.8m 0.00% Reduced -28.2k -28,234
3 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 184,821184.8k $23.6m $23.6m 0.03% Reduced -38.8k -38,816
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 166,967167.0k $21.3m $21.3m 0.00% Reduced -14.1k -14,095
5 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.42% of their portfolio Seattle, WA 146,444146.4k $18.7m $18.7m 0.42% Added +32.1k +32,082
6 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 133,371133.4k $17.0m $17.0m 0.01% Reduced -2.8k -2,767
7 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 129,896129.9k $16.6m $16.6m 0.00% Added +77.1k +77,145
8 HALBERT HARGROVE GLOBAL ADVISORS, LLC 0.62% of their portfolio LONG BEACH, CA 92,14992.1k $11.8m $11.8m 0.62% Reduced -9.0k -9,018
9 Chicago Partners Investment Group LLC 0.36% of their portfolio CHICAGO, IL 89,99090.0k $12.4m $12.4m 0.36% Added +807 +807
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 87,85987.9k $11.2m $11.2m 0.00% Reduced -2.3k -2,295
11 UBS Group AG 0.00% of their portfolio ZURICH, V8 86,77386.8k $11.1m $11.1m 0.00% Reduced -4.8k -4,837
12 AVANTAX ADVISORY SERVICES, INC. 0.05% of their portfolio DALLAS, TX 72,44372.4k $9.2m $9.2m 0.05% Reduced -6.6k -6,574
13 SACHEM HILL LLC 1.62% of their portfolio DENVER, CO 62,28362.3k $8.0m $8.0m 1.62% Reduced -945 -945
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 61,50261.5k $7.9m $7.9m 0.01% Added +10.5k +10,482
15 SENTINEL TRUST CO LBA 0.82% of their portfolio HOUSTON, TX 59,26059.3k $7.6m $7.6m 0.82% Unchanged
16 ARKANSAS FINANCIAL GROUP, INC. 1.16% of their portfolio LITTLE ROCK, AR 58,63158.6k $7.5m $7.5m 1.16% Reduced -1.8k -1,799
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 57,19757.2k $7.3m $7.3m 0.00% Reduced -4.9k -4,924
18 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 55,00955.0k $7.0m $7.0m 0.01% Reduced -5.5k -5,471
19 PARK AVENUE SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 50,59950.6k $6.5m $6.5m 0.06% New
20 Alesco Advisors, LLC, An ESL Co 0.17% of their portfolio Pittsford, NY 47,45247.5k $6.1m $6.1m 0.17% Reduced -12.8k -12,830
21 Frank, Rimerman Advisors LLC 0.41% of their portfolio Palo Alto, CA 47,34047.3k $6.0m $6.0m 0.41% Reduced -8.2k -8,189
22 GTS SECURITIES LLC 0.27% of their portfolio NEW YORK, NY 47,09747.1k $6.0m $6.0m 0.27% Added +28.9k +28,919
23 SMITH, MOORE & CO. 0.50% of their portfolio CLAYTON, MO 46,54046.5k $5.9m $5.9m 0.50% Reduced -530 -530
24 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 43,59443.6k $5.6m $5.6m 0.00% Reduced -8.0k -8,006
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 41,56141.6k $5.3m $5.3m 0.00% Reduced -4.1k -4,138
26 DUMONT & BLAKE INVESTMENT ADVISORS LLC 1.38% of their portfolio PRINCETON, NJ 41,30641.3k $5.3m $5.3m 1.38% Added +108 +108
27 Michelson Medical Research Foundation, Inc. 4.33% of their portfolio Los Angeles, CA 35,38535.4k $4.5m $4.5m 4.33% Unchanged
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 35,24935.2k $4.5m $4.5m 0.00% Added +30.3k +30,257
29 Finley Financial, LLC 2.14% of their portfolio LAS VEGAS, NV 33,34033.3k $4.3m $4.3m 2.14% Reduced -1.0k -1,040
30 WealthShield Partners, LLC 0.46% of their portfolio CARY, NC 30,11130.1k $3.8m $3.8m 0.46% Added +690 +690
31 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 29,03029.0k $3.7m $3.7m 0.00% Reduced -9.7k -9,748
32 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 27,64927.6k $3.5m $3.5m 0.01% Reduced -1.5k -1,456
33 JOHNSON INVESTMENT COUNSEL INC 0.03% of their portfolio Cincinnati, OH 26,08026.1k $3.3m $3.3m 0.03% Reduced -3.5k -3,534
34 Efficient Advisors, LLC 0.18% of their portfolio BEAVERTON, OR 23,47623.5k $3.0m $3.0m 0.18% Reduced -107 -107
35 Regal Investment Advisors LLC 0.22% of their portfolio KENTWOOD, MI 23,27423.3k $3.0m $3.0m 0.22% Reduced -201 -201
36 CAMELOT TECHNOLOGY ADVISORS, INC. 2.37% of their portfolio SAN FRANCISCO, CA 21,46421.5k $2.7m $2.7m 2.37% Reduced -1.5k -1,524
37 Noble Family Wealth, LLC 0.65% of their portfolio Clearwater, FL 20,88720.9k $2.7m $2.7m 0.65% Added +3.4k +3,418
38 Institute for Wealth Management, LLC. 0.29% of their portfolio DENVER, CO 20,18120.2k $2.6m $2.6m 0.29% Unchanged
39 STEPHENS INC /AR/ 0.03% of their portfolio LITTLE ROCK, AR 19,31719.3k $2.5m $2.5m 0.03% Reduced -286 -286
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 19,00919.0k $2.4m $2.4m 0.00% Reduced -7 -7
41 Family Firm, Inc. 0.56% of their portfolio BETHESDA, MD 18,32518.3k $2.3m $2.3m 0.56% Added +804 +804
42 Kendall Capital Management 0.60% of their portfolio ROCKVILLE, MD 17,63917.6k $2.3m $2.3m 0.60% Reduced -4.0k -4,021
43 M1 Capital Management LLC 1.12% of their portfolio TROY, MI 17,43017.4k $2.2m $2.2m 1.12% New
44 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 15,81315.8k $2.0m $2.0m 0.00% Reduced -3.6k -3,647
45 LVZ, Inc. 0.22% of their portfolio Holland, MI 14,63714.6k $1.9m $1.9m 0.22% New
46 Texas Yale Capital Corp. 0.06% of their portfolio ST. PETERSBURG, FL 14,62914.6k $1.9m $1.9m 0.06% Reduced -3.0k -3,018
47 Rockbridge Investment Management, LCC 0.20% of their portfolio Syracuse, NY 14,42114.4k $1.8m $1.8m 0.20% Added +22 +22
48 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 14,22314.2k $1.8m $1.8m 0.01% Added +902 +902
49 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 13,90213.9k $1.8m $1.8m 0.00% Reduced -1.1k -1,132
50 Indiana Trust & Investment Management Co 0.58% of their portfolio MISHAWAKA, IN 13,83013.8k $1.8m $1.8m 0.58% Reduced -900 -900
51 Evanson Asset Management, LLC 0.11% of their portfolio CARMEL, CA 13,54713.5k $1.7m $1.7m 0.11% Added +9 +9
52 Endowment Wealth Management, Inc. 0.88% of their portfolio APPLETON, WI 13,30613.3k $1.7m $1.7m 0.88% Added +1.7k +1,735
53 Archer Investment Management, LLC 1.12% of their portfolio AUSTIN, TX 12,09012.1k $1.5m $1.5m 1.12% Added +1.0k +1,002
54 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,82311.8k $1.5m $1.5m 0.00% Reduced -564 -564
55 One Capital Management, LLC 0.05% of their portfolio WESTLAKE VILLAGE, CA 11,11111.1k $1.4m $1.4m 0.05% Reduced -1.5k -1,479
56 GHP Investment Advisors, Inc. 0.06% of their portfolio Denver, CO 11,06211.1k $1.4m $1.4m 0.06% Reduced -278 -278
57 CERTUITY, LLC 0.12% of their portfolio NORTH PALM BEACH, FL 9,9399.9k $1.3m $1.3m 0.12% Added +26 +26
58 SFI Advisors, LLC 0.86% of their portfolio Montclair, NJ 9,7849.8k $1.2m $1.2m 0.86% Reduced -2.4k -2,364
59 Level Financial Advisors 0.37% of their portfolio EAST AMHERST, NY 9,3689.4k $1.2m $1.2m 0.37% Reduced -740 -740
60 Moisand Fitzgerald Tamayo, LLC 0.15% of their portfolio ORLANDO, FL 9,2639.3k $1.2m $1.2m 0.15% Reduced -354 -354
61 Physician Wealth Advisors, Inc. 0.18% of their portfolio MIDVALE, UT 8,9709.0k $1.1m $1.1m 0.18% Added +114 +114
62 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 8,4628.5k $1.1m $1.1m 0.00% Added +724 +724
63 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,3218.3k $1.1m $1.1m 0.00% Reduced -12.1k -12,092
64 Modera Wealth Management, LLC 0.01% of their portfolio WESTWOOD, NJ 7,9878.0k $1.0m $1.0m 0.01% Unchanged
65 Mariner, LLC 0.00% of their portfolio Overland Park, KS 7,5007.5k $957.5k $957.5k 0.00% Reduced -178 -178
66 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 6,3836.4k $849.9k $849.9k 0.00% Reduced -3 -3
67 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 6,3716.4k $813.3k $813.3k 0.00% Reduced -104 -104
68 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 6,2006.2k $791.5k $791.5k 0.00% New
69 Biltmore Family Office, LLC 0.13% of their portfolio CHARLOTTE, NC 6,0786.1k $775.9k $775.9k 0.13% Reduced -2.5k -2,460
70 Haven Private, LLC 0.34% of their portfolio ORLANDO, FL 6,0726.1k $775.2k $775.2k 0.34% New
71 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 6,0156.0k $767.8k $767.8k 0.00% Reduced -14.3k -14,276
72 Davies Financial Advisors, Inc. 0.58% of their portfolio MURRIETA, CA 5,8165.8k $742.4k $742.4k 0.58% Reduced -3.3k -3,338
73 Ellis Investment Partners, LLC 0.14% of their portfolio Berwyn, PA 5,7485.7k $733.8k $733.8k 0.14% Reduced -487 -487
74 Urban Financial Advisory Corp 0.37% of their portfolio CHICAGO, IL 5,7045.7k $728.2k $728.2k 0.37% Reduced -2.2k -2,219
75 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 5,6995.7k $727.6k $727.6k 0.00% Reduced -3.8k -3,761
76 WESCAP Management Group, Inc. 0.16% of their portfolio Glendale, CA 5,6275.6k $718.3k $718.3k 0.16% Unchanged
77 Jackson, Grant Investment Advisers, Inc. 0.26% of their portfolio STAMFORD, CT 5,4985.5k $701.8k $701.8k 0.26% Added +11 +11
78 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,3955.4k $688.8k $688.8k 0.00% Reduced -4.0k -3,985
79 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 5,3225.3k $679.4k $679.4k 0.00% Reduced -285 -285
80 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 5,2155.2k $665.8k $665.8k 0.01% New
81 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 5,0965.1k $650.6k $650.6k 0.00% Added +1 +1
82 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 5,0475.0k $644.3k $644.3k 0.01% Unchanged
83 VISTA CAPITAL PARTNERS, INC. 0.07% of their portfolio PORTLAND, OR 4,9935.0k $637.4k $637.4k 0.07% Unchanged
84 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 4,9444.9k $631.0k $631.0k 0.00% Added +2.3k +2,312
85 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4,9254.9k $628.7k $628.7k 0.00% Reduced -189 -189
86 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 4,8994.9k $625.4k $625.4k 0.00% Reduced -137 -137
87 Clear Creek Financial Management, LLC 0.06% of their portfolio SILVERDALE, WA 4,6564.7k $594.4k $594.4k 0.06% Reduced -784 -784
88 FLOW TRADERS U.S. LLC 0.02% of their portfolio NEW YORK, NY 4,6494.6k $593.0k $593.0k 0.02% New
89 Legacy Financial Group LLC 0.08% of their portfolio DES MOINES, IA 4,4184.4k $563.9k $563.9k 0.08% Reduced -90 -90
90 FIL Ltd 0.00% of their portfolio HAMILTON, D0 4,2234.2k $539.1k $539.1k 0.00% Unchanged
91 Discipline Wealth Solutions, LLC 0.21% of their portfolio GREENVILLE, SC 4,2064.2k $536.9k $536.9k 0.21% Added +1.5k +1,460
92 Brand Asset Management Group, Inc. 0.20% of their portfolio CHESTERFIELD, MO 4,1164.1k $525.4k $525.4k 0.20% Unchanged
93 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 4,0854.1k $521.5k $521.5k 0.01% New
94 Peoples Bank/KS 0.34% of their portfolio PRATT, KS 4,0004.0k $510.6k $510.6k 0.34% Unchanged
95 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 3,9684.0k $506.0k $506.0k 0.00% New
96 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 3,8973.9k $497.5k $497.5k 0.01% Reduced -774 -774
97 SENTINEL WEALTH MANAGEMENT, INC. 0.46% of their portfolio RESTON, VA 3,8153.8k $487.0k $487.0k 0.46% First filing
98 NTV Asset Management LLC 0.06% of their portfolio Charleston, WV 3,8103.8k $486.4k $486.4k 0.06% Unchanged
99 KEYBANK NATIONAL ASSOCIATION/OH 0.00% of their portfolio BROOKLYN, OH 3,6923.7k $471.3k $471.3k 0.00% Added +682 +682
100 Spire Wealth Management 0.02% of their portfolio MCLEAN, VA 3,4383.4k $438.9k $438.9k 0.02% Reduced -5 -5