Vault-13

ISHARES TR IWC

MICRO-CAP ETF · ETP · CUSIP 464288869

259 institutional holders +32 vs Q3 2025
4,307,9564.3m shares reported held*
$681.9mreported value*
43 new 61 added 71 reduced 22 sold out net bought ≈ $61.7m (+391.3k 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 ($858.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $158.28. Options: 2 managers hold calls ($1.3m notional), 1 hold puts ($283.9k).

Trends to Q4 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: 209Q3 25: 227Q4 25: 259259Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025227
Q4 2025259

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 90 bought or addedQ3 25: 82 cut or sold outQ4 25: 104 bought or addedQ4 25: 93 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246394
Q2 20248085
Q3 20249176
Q4 20248582
Q1 202572114
Q2 202555105
Q3 20259082
Q4 202510493

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ1 25 calls: $1.0mQ1 25 puts: $144.2kQ1 25P/C 0.14Q2 25 calls: $2.8mQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $2.6mQ3 25 puts: $626.2kQ3 25P/C 0.24Q4 25 calls: $1.3mQ4 25 puts: $283.9kQ4 25P/C 0.21
Numbers
QuarterCallsPutsP/C
Q1 2025$1.0m$144.2k0.14
Q2 2025$2.8m$00.00
Q3 2025$2.6m$626.2k0.24
Q4 2025$1.3m$283.9k0.21

Biggest buyers

Corient Private Wealth LP Added +205,442+205.4k
WHITTIER TRUST CO New +120,509+120.5k
WHITTIER TRUST CO OF NEVADA INC Added +70,156+70.2k
Yeomans Consulting Group, Inc. New +66,718+66.7k
FIL Ltd Added +57,048+57.0k
Kingsview Wealth Management, LLC Added +40,738+40.7k
RICE HALL JAMES & ASSOCIATES, LLC New +28,750+28.8k
RAYMOND JAMES FINANCIAL INC Added +25,810+25.8k
Beacon Pointe Advisors, LLC New +16,051+16.1k
Geneos Wealth Management Inc. Added +12,387+12.4k

Biggest sellers

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -52,684-52.7k
PARK AVENUE SECURITIES LLC Sold out -50,974-51.0k
JPMORGAN CHASE & CO Reduced -39,736-39.7k
MORGAN STANLEY Reduced -30,504-30.5k
CITADEL ADVISORS LLC Sold out -24,302-24.3k
1832 Asset Management L.P. Reduced -15,605-15.6k
Del-Sette Capital Management, LLC Sold out -14,619-14.6k
TWO SIGMA INVESTMENTS, LP Sold out -12,100-12.1k
TABR Capital Management, LLC Reduced -9,633-9.6k
UBS Group AG Reduced -7,781-7.8k

Biggest calls

CITADEL ADVISORS LLC Added $835.8k5.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $504.6k3.2k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $283.9k1.8k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 1832 Asset Management L.P. 0.09% of their portfolio TORONTO, A6 452,756452.8k $71.4m $71.4m 0.09% Reduced -15.6k -15,605
2 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 355,348355.3k $56.0m $56.0m 0.04% Added +205.4k +205,442
3 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 312,964313.0k $49.4m $49.4m 0.01% Reduced -6.0k -6,045
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 212,812212.8k $33.6m $33.6m 0.00% Reduced -1.9k -1,920
5 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.41% of their portfolio Seattle, WA 146,016146.0k $23.0m $23.0m 0.41% Added +211 +211
6 WHITTIER TRUST CO 0.21% of their portfolio SOUTH PASADENA, CA 120,509120.5k $19.6m $19.6m 0.21% New
7 TABR Capital Management, LLC 12.50% of their portfolio ORANGE, CA 118,815118.8k $18.7m $18.7m 12.50% Reduced -9.6k -9,633
8 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 114,239114.2k $18.0m $18.0m 0.01% Reduced -1.7k -1,704
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 112,004112.0k $17.7m $17.7m 0.00% Reduced -4.0k -3,960
10 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 96,88696.9k $15.3m $15.3m 0.00% Added +3.8k +3,787
11 Chicago Partners Investment Group LLC 0.41% of their portfolio CHICAGO, IL 95,37295.4k $16.4m $16.4m 0.41% Added +1.7k +1,746
12 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 94,69994.7k $14.9m $14.9m 0.02% Reduced -1.6k -1,562
13 HALBERT HARGROVE GLOBAL ADVISORS, LLC 0.66% of their portfolio LONG BEACH, CA 87,23587.2k $13.8m $13.8m 0.66% Reduced -2.7k -2,675
14 WHITTIER TRUST CO OF NEVADA INC 0.24% of their portfolio RENO, NV 70,22170.2k $11.4m $11.4m 0.24% Added +70.2k +70,156
15 Yeomans Consulting Group, Inc. 3.08% of their portfolio Marietta, GA 66,71866.7k $10.5m $10.5m 3.08% New
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 66,00466.0k $10.4m $10.4m 0.00% Reduced -30.5k -30,504
17 FIL Ltd 0.01% of their portfolio HAMILTON, D0 61,27161.3k $9.7m $9.7m 0.01% Added +57.0k +57,048
18 SACHEM HILL LLC 1.87% of their portfolio DENVER, CO 61,03461.0k $9.6m $9.6m 1.87% Reduced -258 -258
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 58,41158.4k $9.2m $9.2m 0.00% Reduced -446 -446
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 55,99056.0k $8.8m $8.8m 0.00% Reduced -7.8k -7,781
21 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 53,08153.1k $8.4m $8.4m 0.01% Reduced -1.3k -1,289
22 SENTINEL TRUST CO LBA 0.82% of their portfolio HOUSTON, TX 52,95653.0k $8.4m $8.4m 0.82% Unchanged
23 ARKANSAS FINANCIAL GROUP, INC. 1.20% of their portfolio LITTLE ROCK, AR 52,66052.7k $8.3m $8.3m 1.20% Reduced -3.7k -3,736
24 Frank, Rimerman Advisors LLC 0.49% of their portfolio Palo Alto, CA 48,76148.8k $7.7m $7.7m 0.49% Added +1.7k +1,664
25 SMITH, MOORE & CO. 0.57% of their portfolio CLAYTON, MO 47,64747.6k $7.5m $7.5m 0.57% Added +780 +780
26 NORDEN GROUP LLC 0.71% of their portfolio PROVO, UT 45,93245.9k $7.2m $7.2m 0.71% Reduced -1.3k -1,331
27 Alesco Advisors, LLC, An ESL Co 0.18% of their portfolio Pittsford, NY 43,46743.5k $6.9m $6.9m 0.18% Added +2.0k +2,014
28 Kingsview Wealth Management, LLC 0.10% of their portfolio GRANTS PASS, OR 42,10942.1k $6.6m $6.6m 0.10% Added +40.7k +40,738
29 DUMONT & BLAKE INVESTMENT ADVISORS LLC 1.54% of their portfolio PRINCETON, NJ 40,68240.7k $6.4m $6.4m 1.54% Reduced -649 -649
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 39,12439.1k $6.2m $6.2m 0.00% Reduced -39.7k -39,736
31 Michelson Medical Research Foundation, Inc. 5.59% of their portfolio Los Angeles, CA 35,38535.4k $5.6m $5.6m 5.59% Unchanged
32 Finley Financial, LLC 2.34% of their portfolio LAS VEGAS, NV 32,45032.5k $5.1m $5.1m 2.34% Reduced -695 -695
33 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 31,60531.6k $5.0m $5.0m 0.00% Added +25.8k +25,810
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 30,17930.2k $4.8m $4.8m 0.00% Added +2.5k +2,523
35 RICE HALL JAMES & ASSOCIATES, LLC 0.25% of their portfolio San Diego, CA 28,75028.8k $4.5m $4.5m 0.25% New
36 JOHNSON INVESTMENT COUNSEL INC 0.03% of their portfolio Cincinnati, OH 25,58825.6k $4.0m $4.0m 0.03% Reduced -315 -315
37 WealthShield Partners, LLC 0.39% of their portfolio CARY, NC 22,63422.6k $3.6m $3.6m 0.39% Reduced -5.3k -5,320
38 Regal Investment Advisors LLC 0.20% of their portfolio KENTWOOD, MI 21,66321.7k $3.4m $3.4m 0.20% Reduced -1.3k -1,301
39 Noble Family Wealth, LLC 0.71% of their portfolio Clearwater, FL 21,32721.3k $3.4m $3.4m 0.71% Added +517 +517
40 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 20,55920.6k $3.2m $3.2m 0.01% Reduced -707 -707
41 Institute for Wealth Management, LLC. 0.34% of their portfolio DENVER, CO 20,08220.1k $3.2m $3.2m 0.34% Added +107 +107
42 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 19,30419.3k $3.0m $3.0m 0.00% Added +5.0k +5,006
43 STEPHENS INC /AR/ 0.04% of their portfolio LITTLE ROCK, AR 19,03819.0k $3.0m $3.0m 0.04% Reduced -279 -279
44 CAMELOT TECHNOLOGY ADVISORS, INC. 2.22% of their portfolio SAN FRANCISCO, CA 18,70818.7k $3.0m $3.0m 2.22% Added +1.1k +1,079
45 Texas Yale Capital Corp. 0.09% of their portfolio ST. PETERSBURG, FL 18,04918.0k $2.8m $2.8m 0.09% Added +2.8k +2,820
46 WEBER CAPITAL MANAGEMENT LLC /ADV 2.68% of their portfolio Dover, MA 17,98318.0k $2.8m $2.8m 2.68% First filing
47 Efficient Advisors, LLC 0.16% of their portfolio BEAVERTON, OR 17,47517.5k $2.8m $2.8m 0.16% Reduced -2.2k -2,208
48 Kendall Capital Management 0.57% of their portfolio ROCKVILLE, MD 17,19517.2k $2.7m $2.7m 0.57% Added +121 +121
49 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 17,15817.2k $2.7m $2.7m 0.00% Reduced -1.3k -1,275
50 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 16,57116.6k $2.6m $2.6m 0.01% Added +91 +91
51 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 16,05116.1k $2.5m $2.5m 0.02% New
52 M1 Capital Management LLC 1.01% of their portfolio TROY, MI 15,30915.3k $2.4m $2.4m 1.01% Reduced -1.1k -1,061
53 Evanson Asset Management, LLC 0.12% of their portfolio CARMEL, CA 14,25314.3k $2.2m $2.2m 0.12% Added +556 +556
54 Indiana Trust & Investment Management Co 0.64% of their portfolio MISHAWAKA, IN 13,83013.8k $2.2m $2.2m 0.64% Unchanged
55 Rockbridge Investment Management, LCC 0.20% of their portfolio Syracuse, NY 13,30413.3k $2.1m $2.1m 0.20% Reduced -1.1k -1,140
56 Geneos Wealth Management Inc. 0.05% of their portfolio ENGLEWOOD, CO 13,14113.1k $2.1m $2.1m 0.05% Added +12.4k +12,387
57 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 12,90512.9k $2.0m $2.0m 0.00% Reduced -3.4k -3,387
58 EMC Capital Management 0.82% of their portfolio HOUSTON, TX 11,74111.7k $1.9m $1.9m 0.82% New
59 GHP Investment Advisors, Inc. 0.07% of their portfolio Denver, CO 10,92910.9k $1.7m $1.7m 0.07% Added +173 +173
60 Global Retirement Partners, LLC 0.03% of their portfolio San Rafael, CA 10,91710.9k $1.7m $1.7m 0.03% Reduced -3.1k -3,112
61 LVZ, Inc. 0.19% of their portfolio Holland, MI 10,68710.7k $1.7m $1.7m 0.19% Reduced -3.4k -3,400
62 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 10,55710.6k $1.7m $1.7m 0.00% Added +583 +583
63 Endowment Wealth Management, Inc. 0.76% of their portfolio APPLETON, WI 10,46010.5k $1.6m $1.6m 0.76% Reduced -4.7k -4,669
64 CERTUITY, LLC 0.10% of their portfolio NORTH PALM BEACH, FL 10,04010.0k $1.6m $1.6m 0.10% Added +45 +45
65 Level Financial Advisors 0.41% of their portfolio EAST AMHERST, NY 9,9489.9k $1.6m $1.6m 0.41% Reduced -23 -23
66 JAMES INVESTMENT RESEARCH, INC. 0.16% of their portfolio ALPHA, OH 9,4039.4k $1.5m $1.5m 0.16% New
67 Optivise Advisory Services LLC 0.82% of their portfolio FRANKLIN, TN 9,0279.0k $1.4m $1.4m 0.82% Reduced -238 -238
68 Moisand Fitzgerald Tamayo, LLC 0.16% of their portfolio ORLANDO, FL 8,9178.9k $1.4m $1.4m 0.16% Reduced -346 -346
69 Archer Investment Management, LLC 0.69% of their portfolio AUSTIN, TX 8,1688.2k $1.3m $1.3m 0.69% Reduced -3.8k -3,802
70 SFI Advisors, LLC 0.80% of their portfolio Montclair, NJ 7,9247.9k $1.2m $1.2m 0.80% Reduced -829 -829
71 Physician Wealth Advisors, Inc. 0.17% of their portfolio MIDVALE, UT 7,9207.9k $1.2m $1.2m 0.17% Reduced -573 -573
72 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 7,4257.4k $1.2m $1.2m 0.00% Added +339 +339
73 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 7,2707.3k $1.1m $1.1m 0.00% Added +800 +800
74 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,9196.9k $1.1m $1.1m 0.00% Reduced -952 -952
75 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 6,8466.8k $1.1m $1.1m 0.00% Reduced -52.7k -52,684
76 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 6,5886.6k $1.1m $1.1m 0.00% Added +439 +439
77 Modera Wealth Management, LLC 0.01% of their portfolio WESTWOOD, NJ 6,5136.5k $1.0m $1.0m 0.01% Added +1 +1
78 CAPSTONE INVESTMENT ADVISORS, LLC 0.01% of their portfolio NEW YORK, NY 6,4016.4k $1.0m $1.0m 0.01% Unchanged
79 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 6,3206.3k $996.6k $996.6k 0.00% Added +2.8k +2,819
80 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 6,2866.3k $991.4k $991.4k 0.01% Added +265 +265
81 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 6,2576.3k $942.8k $942.8k 0.00% Added +1.2k +1,160
82 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 6,2316.2k $982.7k $982.7k 0.01% Added +253 +253
83 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 6,1036.1k $962.5k $962.5k 0.00% Added +422 +422
84 Haven Private, LLC 0.42% of their portfolio ORLANDO, FL 6,0726.1k $957.6k $957.6k 0.42% Unchanged
85 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 5,7225.7k $902.3k $902.3k 0.00% Added +251 +251
86 Jackson, Grant Investment Advisers, Inc. 0.29% of their portfolio STAMFORD, CT 5,5285.5k $871.7k $871.7k 0.29% Added +19 +19
87 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 5,4915.5k $866.0k $866.0k 0.00% Added +2.2k +2,153
88 Ellis Investment Partners, LLC 0.15% of their portfolio Berwyn, PA 5,3615.4k $845.4k $845.4k 0.15% Reduced -300 -300
89 Discipline Wealth Solutions, LLC 0.16% of their portfolio GREENVILLE, SC 5,3205.3k $838.9k $838.9k 0.16% Reduced -1.8k -1,776
90 WESCAP Management Group, Inc. 0.17% of their portfolio Glendale, CA 5,2345.2k $825.4k $825.4k 0.17% Unchanged
91 VISTA CAPITAL PARTNERS, INC. 0.08% of their portfolio PORTLAND, OR 4,9935.0k $787.4k $787.4k 0.08% Unchanged
92 B. Riley Wealth Advisors, Inc. 0.04% of their portfolio MEMPHIS, TN 4,9264.9k $776.8k $776.8k 0.04% New
93 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 4,7844.8k $754.4k $754.4k 0.01% Reduced -254 -254
94 BAILARD, INC. 0.02% of their portfolio Foster City, CA 4,7214.7k $744.5k $744.5k 0.02% New
95 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 4,6774.7k $737.6k $737.6k 0.00% Reduced -148 -148
96 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 4,6014.6k $725.0k $725.0k 0.00% Added +406 +406
97 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 4,5784.6k $722.0k $722.0k 0.01% Added +1.3k +1,328
98 Acropolis Investment Management, LLC 0.03% of their portfolio ST. LOUIS, MO 4,4854.5k $707.3k $707.3k 0.03% Reduced -17 -17
99 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 4,3924.4k $692.6k $692.6k 0.01% Reduced -27 -27
100 Genesis Financial Group, LLC 0.40% of their portfolio PARAMUS, NJ 4,3754.4k $689.9k $689.9k 0.40% First filing