Vault-13

ISHARES TR IWL

RUS TOP 200 ETF · ETP · CUSIP 464289446

221 institutional holders +18 vs Q3 2025
8,377,3168.4m shares reported held*
$1.4bnreported value*
20 new 63 added 79 reduced 13 sold out net bought ≈ $41.8m (+245.0k 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 ($2.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $170.67.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 118Q4 22: 126Q1 23: 126Q2 23: 133Q3 23: 138Q4 23: 144Q1 24: 147Q2 24: 161Q3 24: 162Q4 24: 190Q1 25: 191Q2 25: 201Q3 25: 203Q4 25: 221221Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022118
Q4 2022126
Q1 2023126
Q2 2023133
Q3 2023138
Q4 2023144
Q1 2024147
Q2 2024161
Q3 2024162
Q4 2024190
Q1 2025191
Q2 2025201
Q3 2025203
Q4 2025221

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 63 bought or addedQ1 24: 66 cut or sold outQ2 24: 67 bought or addedQ2 24: 67 cut or sold outQ2 24Q3 24: 68 bought or addedQ3 24: 75 cut or sold outQ4 24: 88 bought or addedQ4 24: 66 cut or sold outQ4 24Q1 25: 89 bought or addedQ1 25: 79 cut or sold outQ2 25: 90 bought or addedQ2 25: 82 cut or sold outQ2 25Q3 25: 89 bought or addedQ3 25: 84 cut or sold outQ4 25: 83 bought or addedQ4 25: 92 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20246366
Q2 20246767
Q3 20246875
Q4 20248866
Q1 20258979
Q2 20259082
Q3 20258984
Q4 20258392

Biggest buyers

COMMERCE BANK New +173,607+173.6k
Annex Advisory Services, LLC New +75,809+75.8k
BANK OF AMERICA CORP /DE/ Added +62,109+62.1k
Lido Advisors, LLC Added +49,404+49.4k
MORGAN STANLEY Added +45,442+45.4k
FIRST AMERICAN TRUST, FSB New +31,762+31.8k
LPL Financial LLC Added +22,292+22.3k
TOMPKINS FINANCIAL CORP Added +18,292+18.3k
COMMONWEALTH EQUITY SERVICES, LLC Added +13,389+13.4k
BOKF, NA New +13,045+13.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -168,677-168.7k
FreeGulliver LLC Reduced -22,005-22.0k
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV Reduced -18,404-18.4k
BANK OF NOVA SCOTIA Sold out -17,000-17.0k
TWO SIGMA INVESTMENTS, LP Sold out -15,900-15.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -15,566-15.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -13,218-13.2k
KM Capital Management Ltd. Reduced -12,722-12.7k
ROYAL BANK OF CANADA Reduced -11,796-11.8k
McKinley Carter Wealth Services, Inc. Reduced -6,618-6.6k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 728,697728.7k $124.3m $124.3m 0.01% Added +45.4k +45,442
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 684,447684.4k $116.8m $116.8m 0.01% Added +62.1k +62,109
3 TOMPKINS FINANCIAL CORP 7.58% of their portfolio ITHACA, NY 571,143571.1k $97.5m $97.5m 7.58% Added +18.3k +18,292
4 Gilbert & Cook, Inc. 10.92% of their portfolio WEST DES MOINES, IA 509,259509.3k $86.9m $86.9m 10.92% Reduced -6.4k -6,354
5 Richmond Investment Services, LLC 11.69% of their portfolio Mequon, WI 396,436396.4k $67.6m $67.6m 11.69% Added +10.4k +10,424
6 Lido Advisors, LLC 0.26% of their portfolio Los Angeles, CA 382,370382.4k $65.2m $65.2m 0.26% Added +49.4k +49,404
7 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 366,923366.9k $62.6m $62.6m 0.01% Added +8.8k +8,791
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 283,567283.6k $48.4m $48.4m 0.01% Added +22.3k +22,292
9 FreeGulliver LLC 16.72% of their portfolio NEW ORLEANS, LA 219,255219.3k $37.4m $37.4m 16.72% Reduced -22.0k -22,005
10 Heck Capital Advisors, LLC 2.60% of their portfolio Rhinelander, WI 204,621204.6k $34.9m $34.9m 2.60% Added +814 +814
11 Reliant Wealth Planning 10.62% of their portfolio LOUISVILLE, KY 199,143199.1k $34.0m $34.0m 10.62% Reduced -2.5k -2,479
12 SEARCY FINANCIAL SERVICES INC /ADV 11.26% of their portfolio OVERLAND PARK, KS 177,992178.0k $30.4m $30.4m 11.26% Reduced -494 -494
13 COMMERCE BANK 0.16% of their portfolio KANSAS CITY, MO 173,607173.6k $29.6m $29.6m 0.16% New
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 156,027156.0k $26.6m $26.6m 0.00% Reduced -168.7k -168,677
15 Prescott Group Capital Management, L.L.C. 2.13% of their portfolio Tulsa, OK 134,450134.4k $22.9m $22.9m 2.13% Unchanged
16 George Kaiser Family Foundation 3.07% of their portfolio TULSA, OK 134,450134.4k $22.9m $22.9m 3.07% Unchanged
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 133,395133.4k $22.8m $22.8m 0.00% Reduced -11.8k -11,796
18 McKinley Carter Wealth Services, Inc. 1.23% of their portfolio WHEELING, WV 129,261129.3k $22.1m $22.1m 1.23% Reduced -6.6k -6,618
19 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 123,432123.4k $21.1m $21.1m 0.06% Reduced -2.7k -2,745
20 MANCHESTER FINANCIAL INC 3.78% of their portfolio Westlake Village, CA 118,491118.5k $20.2m $20.2m 3.78% Added +2.2k +2,178
21 Equitable Holdings, Inc. 0.12% of their portfolio NEW YORK, NY 102,214102.2k $17.4m $17.4m 0.12% Reduced -870 -870
22 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 99,55099.5k $17.0m $17.0m 0.02% Added +13.4k +13,389
23 Composition Wealth, LLC 0.20% of their portfolio LOS ANGELES, CA 82,00882.0k $14.0m $14.0m 0.20% Reduced -2.3k -2,344
24 KM Capital Management Ltd. 6.78% of their portfolio AUSTIN, TX 77,78777.8k $13.3m $13.3m 6.78% Reduced -12.7k -12,722
25 Annex Advisory Services, LLC 0.25% of their portfolio BROOKFIELD, WI 75,80975.8k $12.9m $12.9m 0.25% New
26 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 1.98% of their portfolio BERMUDA RUN, NC 73,44073.4k $12.5m $12.5m 1.98% Reduced -18.4k -18,404
27 ARCADIA INVESTMENT ADVISORS LLC 5.75% of their portfolio EAGLE, ID 72,43572.4k $12.4m $12.4m 5.75% Reduced -764 -764
28 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 69,06369.1k $11.8m $11.8m 0.01% Reduced -1.5k -1,467
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 68,40068.4k $11.7m $11.7m 0.00% Reduced -4.9k -4,888
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 58,44058.4k $10.0m $10.0m 0.00% Added +1.1k +1,121
31 FIRST CITIZENS BANK & TRUST CO 0.20% of their portfolio RALEIGH, NC 56,32856.3k $9.6m $9.6m 0.20% Reduced -2.5k -2,546
32 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 56,32856.3k $9.6m $9.6m 0.03% Reduced -2.1k -2,067
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 55,66855.7k $9.5m $9.5m 0.00% Reduced -5.7k -5,715
34 Stratos Wealth Partners, LTD. 0.10% of their portfolio BEACHWOOD, OH 52,30052.3k $8.9m $8.9m 0.10% Added +9.5k +9,484
35 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 52,12852.1k $8.9m $8.9m 0.01% Reduced -1.3k -1,339
36 Capital Developers, LLC 7.72% of their portfolio Greenville, NC 50,50150.5k $8.6m $8.6m 7.72% First filing
37 Nicollet Investment Management, Inc. 2.57% of their portfolio MINNEAPOLIS, MN 47,63247.6k $8.1m $8.1m 2.57% Added +75 +75
38 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 41,63341.6k $7.1m $7.1m 0.01% Added +1.3k +1,286
39 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 41,49341.5k $7.1m $7.1m 0.06% Added +807 +807
40 ShoreHaven Wealth Partners, LLC 2.35% of their portfolio Red Bank, NJ 38,31038.3k $6.5m $6.5m 2.35% Reduced -42 -42
41 Integrated Wealth Concepts LLC 0.08% of their portfolio WALTHAM, MA 38,10938.1k $6.5m $6.5m 0.08% Added +446 +446
42 Strategic Equity Management 2.15% of their portfolio TUCSON, AZ 37,15637.2k $6.3m $6.3m 2.15% Reduced -2.9k -2,905
43 SageView Advisory Group, LLC 0.21% of their portfolio Newport Beach, CA 37,09937.1k $6.3m $6.3m 0.21% Reduced -827 -827
44 Veridan Wealth LLC 2.08% of their portfolio WEST LINN, OR 36,25936.3k $6.2m $6.2m 2.08% Added +41 +41
45 Holos Integrated Wealth LLC 3.39% of their portfolio KENNETT SQUARE, PA 35,64135.6k $6.1m $6.1m 3.39% Reduced -1.5k -1,477
46 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 35,26835.3k $6.0m $6.0m 0.01% Added +1.6k +1,600
47 FIRST AMERICAN TRUST, FSB 0.37% of their portfolio SANTA ANA, CA 31,76231.8k $5.4m $5.4m 0.37% New
48 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 31,45831.5k $5.4m $5.4m 0.02% Added +6.4k +6,406
49 Waverly Advisors, LLC 0.04% of their portfolio BIRMINGHAM, AL 31,39431.4k $5.4m $5.4m 0.04% Added +1.8k +1,845
50 OXFORD FINANCIAL GROUP, LTD. LLC 0.27% of their portfolio INDIANAPOLIS, IN 29,25229.3k $5.0m $5.0m 0.27% Unchanged
51 Valmark Advisers, Inc. 0.06% of their portfolio AKRON, OH 27,71327.7k $4.7m $4.7m 0.06% Reduced -22 -22
52 GREAT VALLEY ADVISOR GROUP, INC. 0.08% of their portfolio WILMINGTON, DE 25,91625.9k $4.4m $4.4m 0.08% Added +1.0k +1,003
53 THOROUGHBRED FINANCIAL SERVICES, LLC 0.26% of their portfolio BRENTWOOD, TN 25,52925.5k $4.4m $4.4m 0.26% Added +1.0k +1,037
54 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 24,73124.7k $4.2m $4.2m 0.02% Unchanged
55 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 22,94022.9k $3.9m $3.9m 0.00% Reduced -34 -34
56 Grant Street Asset Management, Inc. 0.77% of their portfolio CANONSBURG, PA 22,38222.4k $3.8m $3.8m 0.77% Added +664 +664
57 Noble Family Wealth, LLC 0.79% of their portfolio Clearwater, FL 22,00722.0k $3.8m $3.8m 0.79% Reduced -3.0k -2,954
58 CreativeOne Wealth, LLC 0.09% of their portfolio OVERLAND PARK, KS 21,58521.6k $3.7m $3.7m 0.09% Added +2.7k +2,717
59 CREATIVE FINANCIAL DESIGNS INC /ADV 0.22% of their portfolio KOKOMO, IN 20,80720.8k $3.6m $3.6m 0.22% Reduced -3.2k -3,206
60 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 20,16720.2k $3.4m $3.4m 0.00% Added +592 +592
61 Wealthfront Advisers LLC 0.01% of their portfolio Palo Alto, CA 19,14119.1k $3.3m $3.3m 0.01% Reduced -168 -168
62 SOA Wealth Advisors, LLC. 0.55% of their portfolio NEW YORK, NY 19,07819.1k $3.3m $3.3m 0.55% Reduced -676 -676
63 Mariner, LLC 0.00% of their portfolio Overland Park, KS 18,35218.4k $3.1m $3.1m 0.00% Reduced -48 -48
64 Capital Analysts, LLC 0.09% of their portfolio FORT WASHINGTON, PA 18,35018.4k $3.1m $3.1m 0.09% Reduced -1.5k -1,535
65 Mason & Associates, LLC 0.70% of their portfolio NEWPORT NEWS, VA 18,06518.1k $3.1m $3.1m 0.70% Reduced -921 -921
66 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 17,88917.9k $3.1m $3.1m 0.00% Unchanged
67 REDSTONE WEALTH MANAGEMENT, LLC 2.10% of their portfolio OKLAHOMA CITY, OK 15,55015.6k $2.7m $2.7m 2.10% First filing
68 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 15,12515.1k $2.6m $2.6m 0.00% Added +9.1k +9,133
69 Family Capital Management, Inc. 1.12% of their portfolio GRAND RAPIDS, MI 14,71514.7k $2.5m $2.5m 1.12% Reduced -3 -3
70 LEAVELL INVESTMENT MANAGEMENT, INC. 0.10% of their portfolio MOBILE, AL 14,62414.6k $2.5m $2.5m 0.10% Reduced -16 -16
71 Legacy Advisory Services, LLC 1.83% of their portfolio Exton, PA 14,29514.3k $2.4m $2.4m 1.83% Added +8 +8
72 Boyd Wealth Management, LLC 1.02% of their portfolio SACRAMENTO, CA 14,09314.1k $2.4m $2.4m 1.02% Reduced -4 -4
73 GeoWealth Management, LLC 0.09% of their portfolio CHICAGO, IL 13,89213.9k $2.4m $2.4m 0.09% Reduced -403 -403
74 Focus Partners Advisor Solutions, LLC 0.03% of their portfolio SAINT LOUIS, MO 13,57713.6k $2.3m $2.3m 0.03% Reduced -4.4k -4,390
75 Winter & Associates, Inc. 2.10% of their portfolio ST. PAUL, MN 13,34413.3k $2.3m $2.3m 2.10% First filing
76 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 13,21013.2k $2.3m $2.3m 0.01% Added +494 +494
77 BOKF, NA 0.03% of their portfolio TULSA, OK 13,04513.0k $2.2m $2.2m 0.03% New
78 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 13,00013.0k $2.2m $2.2m 0.00% Reduced -13.2k -13,218
79 SILVER OAK SECURITIES, INCORPORATED 0.15% of their portfolio JACKSON, TN 12,96813.0k $2.2m $2.2m 0.15% Added +4.5k +4,530
80 Compton Wealth Advisory Group, LLC 0.48% of their portfolio VIRGINIA BEACH, VA 12,89712.9k $2.2m $2.2m 0.48% Unchanged
81 FMR LLC 0.00% of their portfolio BOSTON, MA 12,76512.8k $2.2m $2.2m 0.00% Reduced -192 -192
82 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,17312.2k $2.1m $2.1m 0.00% Reduced -1.5k -1,464
83 Bison Wealth, LLC 0.22% of their portfolio ATLANTA, GA 12,07412.1k $1.9m $1.9m 0.22% New
84 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,68811.7k $2.0m $2.0m 0.00% Reduced -15.6k -15,566
85 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 11,57411.6k $2.0m $2.0m 0.00% Reduced -213 -213
86 WIN ADVISORS, INC 0.81% of their portfolio PALM BEACH GARDENS, FL 11,21711.2k $1.9m $1.9m 0.81% Reduced -182 -182
87 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 10,99311.0k $1.9m $1.9m 0.00% Reduced -3.0k -3,026
88 Forefront Wealth Partners, LLC 0.87% of their portfolio AUSTIN, TX 10,73810.7k $1.8m $1.8m 0.87% Added +1.1k +1,117
89 PATTEN & PATTEN INC/TN 0.10% of their portfolio CHATTANOOGA, TN 9,9099.9k $1.7m $1.7m 0.10% Unchanged
90 MONEYWISE, INC. 0.60% of their portfolio FOREST, VA 8,4258.4k $1.4m $1.4m 0.60% New
91 Avior Wealth Management, LLC 0.04% of their portfolio OMAHA, NE 8,2238.2k $1.4m $1.4m 0.04% Reduced -212 -212
92 Fifth Third Securities, Inc. 0.09% of their portfolio Cincinnati, OH 7,9688.0k $1.4m $1.4m 0.09% Reduced -182 -182
93 PRINCIPAL SECURITIES, INC. 0.02% of their portfolio DES MOINES, IA 7,9367.9k $1.4m $1.4m 0.02% Reduced -819 -819
94 COZAD ASSET MANAGEMENT INC 0.10% of their portfolio CHAMPAIGN, IL 7,6737.7k $1.3m $1.3m 0.10% Added +792 +792
95 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 7,6677.7k $1.3m $1.3m 0.01% Added +407 +407
96 CWM, LLC 0.00% of their portfolio OMAHA, NE 7,1887.2k $1.2m $1.2m 0.00% Added +453 +453
97 Procyon Advisors, LLC 0.06% of their portfolio SHELTON, CT 7,1277.1k $1.2m $1.2m 0.06% Reduced -34 -34
98 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 7,1157.1k $1.2m $1.2m 0.00% Added +1.4k +1,350
99 Asset Allocation Strategies LLC 0.20% of their portfolio FARMINGTON, MI 6,2956.3k $1.1m $1.1m 0.20% Reduced -496 -496
100 Expressive Wealth LLC 1.13% of their portfolio CHICAGO, IL 6,1556.2k $1.1m $1.1m 1.13% First filing