Vault-13

ISHARES TR CMBS

CMBS ETF · ETP · CUSIP 46429B366

89 institutional holders -7 vs Q4 2024
5,260,7015.3m shares reported held*
$251.8mreported value*
13 new 36 added 22 reduced 21 sold out net bought ≈ $11.7m (+257.5k 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 ($375.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.87. Options: 0 managers hold calls (— notional), 1 hold puts ($235.5k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 86Q4 22: 76Q1 23: 81Q2 23: 85Q3 23: 82Q4 23: 79Q1 24: 85Q2 24: 84Q3 24: 85Q4 24: 96Q1 25: 8989Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202286
Q4 202276
Q1 202381
Q2 202385
Q3 202382
Q4 202379
Q1 202485
Q2 202484
Q3 202485
Q4 202496
Q1 202589

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q2 23: 34 bought or addedQ2 23: 46 cut or sold outQ3 23: 32 bought or addedQ3 23: 45 cut or sold outQ3 23Q4 23: 31 bought or addedQ4 23: 46 cut or sold outQ1 24: 50 bought or addedQ1 24: 28 cut or sold outQ1 24Q2 24: 46 bought or addedQ2 24: 35 cut or sold outQ3 24: 39 bought or addedQ3 24: 40 cut or sold outQ3 24Q4 24: 45 bought or addedQ4 24: 29 cut or sold outQ1 25: 49 bought or addedQ1 25: 43 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20233446
Q3 20233245
Q4 20233146
Q1 20245028
Q2 20244635
Q3 20243940
Q4 20244529
Q1 20254943

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ2 24 calls: $0Q2 24 puts: $380.3kQ2 24P/C —Q3 24 calls: $0Q3 24 puts: $278.0kQ3 24P/C —Q4 24 calls: $0Q4 24 puts: $948.6kQ4 24P/C —Q1 25 calls: $0Q1 25 puts: $235.5kQ1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$0$380.3k—
Q3 2024$0$278.0k—
Q4 2024$0$948.6k—
Q1 2025$0$235.5k—

Biggest buyers

HANCOCK WHITNEY CORP New +219,110+219.1k
LPL Financial LLC Added +130,786+130.8k
Systelligence, LLC New +123,204+123.2k
Prepared Retirement Institute LLC New +60,069+60.1k
BANK OF AMERICA CORP /DE/ Added +55,895+55.9k
OSAIC HOLDINGS, INC. Added +40,852+40.9k
HighTower Advisors, LLC Added +38,000+38.0k
AVANTAX ADVISORY SERVICES, INC. New +37,612+37.6k
Coppell Advisory Solutions LLC Added +28,243+28.2k
AE Wealth Management LLC Added +23,293+23.3k

Biggest sellers

Pathstone Holdings, LLC Reduced -217,620-217.6k
CITADEL ADVISORS LLC Sold out -181,996-182.0k
MORGAN STANLEY Reduced -48,499-48.5k
Laidlaw Wealth Management LLC Sold out -47,764-47.8k
GEN Financial Management, INC. Sold out -15,385-15.4k
Tortoise Investment Management, LLC Reduced -14,706-14.7k
Envestnet Portfolio Solutions, Inc. Reduced -14,147-14.1k
CENTRAL BANK & TRUST CO Reduced -13,252-13.3k
BlackRock, Inc. Reduced -11,249-11.2k
PKS Advisory Services, LLC Sold out -11,015-11.0k

Biggest calls

None

Biggest puts

WOLVERINE TRADING, LLC Reduced $235.5k4.9k 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 State of New Jersey Common Pension Fund D 0.11% of their portfolio TRENTON, NJ 521,932521.9k $25.1m $25.1m 0.11% Unchanged
2 ARVEST INVESTMENTS, INC. 3.37% of their portfolio LOWELL, AR 444,995445.0k $21.4m $21.4m 3.37% Added +8.0k +7,957
3 UBS Group AG 0.00% of their portfolio ZURICH, V8 440,939440.9k $21.2m $21.2m 0.00% Added +3.3k +3,328
4 AE Wealth Management LLC 0.15% of their portfolio TOPEKA, KS 374,007374.0k $18.0m $18.0m 0.15% Added +23.3k +23,293
5 Tortoise Investment Management, LLC 1.65% of their portfolio WHITE PLAINS, NY 329,848329.8k $15.8m $15.8m 1.65% Reduced -14.7k -14,706
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 306,459306.5k $14.7m $14.7m 0.00% Added +55.9k +55,895
7 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 298,339298.3k $14.3m $14.3m 0.00% Reduced -48.5k -48,499
8 HANCOCK WHITNEY CORP 0.34% of their portfolio GULFPORT, MS 219,110219.1k $10.5m $10.5m 0.34% New
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 205,193205.2k $9.8m $9.8m 0.00% Added +20.3k +20,329
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 204,474204.5k $9.8m $9.8m 0.00% Added +130.8k +130,786
11 CENTRAL BANK & TRUST CO 1.56% of their portfolio LEXINGTON, KY 194,449194.4k $9.3m $9.3m 1.56% Reduced -13.3k -13,252
12 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 138,329138.3k $6.6m $6.6m 0.01% Added +40.9k +40,852
13 Krilogy Financial LLC 0.42% of their portfolio ST. LOUIS, MO 135,802135.8k $6.5m $6.5m 0.42% Reduced -968 -968
14 Systelligence, LLC 1.42% of their portfolio BLOOMINGTON, MN 123,204123.2k $5.9m $5.9m 1.42% New
15 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 111,886111.9k $5.4m $5.4m 0.02% Reduced -217.6k -217,620
16 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 110,940110.9k $5.3m $5.3m 0.01% Added +38.0k +38,000
17 SYKON CAPITAL LLC 1.32% of their portfolio HARRISON, NY 72,18372.2k $3.5m $3.5m 1.32% Added +16.6k +16,630
18 U.S. Capital Wealth Advisors, LLC 0.09% of their portfolio AUSTIN, TX 63,63563.6k $3.1m $3.1m 0.09% Added +18.1k +18,117
19 Ocean Park Asset Management, LLC 0.11% of their portfolio SANTA MONICA, CA 63,28663.3k $3.0m $3.0m 0.11% Added +16.7k +16,700
20 Prepared Retirement Institute LLC 1.84% of their portfolio LANSDALE, PA 60,06960.1k $2.9m $2.9m 1.84% New
21 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 56,75156.8k $2.7m $2.7m 0.00% Added +1.0k +1,044
22 Insight Wealth Partners, LLC 1.50% of their portfolio Plano, TX 52,07352.1k $2.5m $2.5m 1.50% Added +313 +313
23 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 43,85943.9k $2.1m $2.1m 0.00% Reduced -631 -631
24 Advisory Alpha, LLC 0.07% of their portfolio HOLLAND, MI 40,60740.6k $1.9m $1.9m 0.07% Reduced -1.4k -1,439
25 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 38,52738.5k $1.8m $1.8m 0.00% Reduced -1.4k -1,393
26 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 37,61237.6k $1.8m $1.8m 0.01% New
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 37,04537.0k $1.8m $1.8m 0.00% Reduced -7.3k -7,263
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 35,39135.4k $1.7m $1.7m 0.00% Added +5.7k +5,692
29 BlackRock, Inc. 0.00% of their portfolio New York, NY 34,74234.7k $1.7m $1.7m 0.00% Reduced -11.2k -11,249
30 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 33,46733.5k $1.6m $1.6m 0.00% Added +2.6k +2,561
31 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 32,28132.3k $1.5m $1.5m 0.00% Added +3.1k +3,053
32 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 29,34729.3k $1.4m $1.4m 0.01% Reduced -2.6k -2,557
33 Coppell Advisory Solutions LLC 0.09% of their portfolio COPPELL, TX 28,40828.4k $655.1k $655.1k 0.09% Added +28.2k +28,243
34 Palogic Value Management, L.P. 0.50% of their portfolio DALLAS, TX 23,83023.8k $1.1m $1.1m 0.50% Added +692 +692
35 DARK FOREST CAPITAL MANAGEMENT LP 0.05% of their portfolio NEW YORK, NY 23,71523.7k $1.1m $1.1m 0.05% Reduced -473 -473
36 FLOW TRADERS U.S. LLC 0.05% of their portfolio NEW YORK, NY 23,20623.2k $1.1m $1.1m 0.05% Added +8.1k +8,097
37 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 23,12723.1k $1.1m $1.1m 0.01% Reduced -8.1k -8,053
38 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 21,45321.5k $1.0m $1.0m 0.00% Reduced -14.1k -14,147
39 Goldstone Financial Group, LLC 0.16% of their portfolio OAKBROOK TERRACE, IL 21,42021.4k $1.0m $1.0m 0.16% Reduced -4.2k -4,185
40 Columbus Macro, LLC 0.12% of their portfolio NEW CASTLE, PA 18,63118.6k $894.3k $894.3k 0.12% Added +6.8k +6,778
41 Rosenberg Matthew Hamilton 0.21% of their portfolio GRAND JUNCTION, CO 17,65517.7k $847.4k $847.4k 0.21% Added +2.6k +2,558
42 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 17,48317.5k $839.2k $839.2k 0.00% Added +5.0k +5,001
43 Willis Johnson & Associates, Inc. 0.06% of their portfolio Houston, TX 15,16415.2k $727.9k $727.9k 0.06% Added +175 +175
44 TOUNJIAN ADVISORY PARTNERS, LLC 0.13% of their portfolio FORT MYERS, FL 14,50814.5k $696.4k $696.4k 0.13% First filing
45 COMERICA BANK 0.00% of their portfolio DALLAS, TX 13,20513.2k $633.8k $633.8k 0.00% Added +418 +418
46 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 11,97712.0k $575.7k $575.7k 0.00% Added +1.2k +1,158
47 Elevated Capital Advisors, LLC 0.15% of their portfolio SANDY, UT 11,19211.2k $537.2k $537.2k 0.15% Reduced -1.6k -1,620
48 OLD MISSION CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 9,3949.4k $450.9k $450.9k 0.01% New
49 Ridgewood Investments LLC 0.19% of their portfolio SPRINGFIELD, NJ 8,6758.7k $416.4k $416.4k 0.19% Reduced -578 -578
50 Mach-1 Financial Group, LLC 0.10% of their portfolio Rogers, AR 7,1557.2k $343.4k $343.4k 0.10% New
51 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 6,4316.4k $309.0k $309.0k 0.01% New
52 Cullen/Frost Bankers, Inc. 0.00% of their portfolio San Antonio, TX 5,9906.0k $287.5k $287.5k 0.00% Added +409 +409
53 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 5,8275.8k $279.7k $279.7k 0.01% Reduced -2 -2
54 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 5,6995.7k $274.0k $274.0k 0.00% New
55 HORIZON FINANCIAL SERVICES, LLC 0.15% of their portfolio WINSTON SALEM, NC 5,5425.5k $266.0k $266.0k 0.15% Added +69 +69
56 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,4925.5k $263.6k $263.6k 0.00% Reduced -947 -947
57 City Center Advisors, LLC 0.29% of their portfolio TROY, MI 5,2295.2k $251.0k $251.0k 0.29% Added +514 +514
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 5,0665.1k $243.2k $243.2k 0.00% Reduced -6.8k -6,795
59 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 4,6284.6k $222.1k $222.1k 0.00% Added +60 +60
60 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2,9302.9k $140.7k $140.7k 0.00% Added +168 +168
61 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,2152.2k $107.0k $107.0k 0.00% Added +234 +234
62 CENTAURUS FINANCIAL, INC. 0.01% of their portfolio ANAHEIM, CA 2,0942.1k $101.0k $101.0k 0.01% New
63 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 1,5601.6k $74.9k $74.9k 0.00% Reduced -501 -501
64 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,0001.0k $48.0k $48.0k 0.00% Unchanged
65 LGT Financial Advisors LLC 0.13% of their portfolio DALLAS, TX 908908 $43.6k $43.6k 0.13% Added +4 +4
66 Wagner Wealth Management, LLC 0.01% of their portfolio GREENVILLE, SC 880880 $42.2k $42.2k 0.01% Added +5 +5
67 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 848848 $40.7k $40.7k 0.00% Unchanged
68 FMR LLC 0.00% of their portfolio BOSTON, MA 846846 $40.6k $40.6k 0.00% Added +51 +51
69 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 677677 $32.0k $32.0k 0.00% Unchanged
70 Decker Retirement Planning Inc. 0.02% of their portfolio LEVI, UT 601601 $28.8k $28.8k 0.02% Unchanged
71 BOYD WATTERSON ASSET MANAGEMENT LLC/OH 0.01% of their portfolio CLEVELAND, OH 580580 $27.8k $27.8k 0.01% New
72 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 441441 $21.2k $21.2k 0.00% Unchanged
73 Strengthening Families & Communities, LLC 0.01% of their portfolio BOSTON, MA 437437 $21.0k $21.0k 0.01% Added +2 +2
74 Transce3nd, LLC 0.01% of their portfolio BUDA, TX 377377 $18.1k $18.1k 0.01% Unchanged
75 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 306306 $14.7k $14.7k 0.00% Unchanged
76 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 286286 $13.0k $13.0k 0.00% Unchanged
77 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 200200 $9.6k $9.6k 0.00% Reduced -10 -10
78 Jackson Hole Capital Partners, LLC 0.00% of their portfolio TULSA, OK 136136 $6.5k $6.5k 0.00% Unchanged
79 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 7575 $3.6k $3.6k 0.00% New
80 Laurel Wealth Advisors LLC 0.00% of their portfolio CHARLOTTE, NC 6666 $3.2k $3.2k 0.00% Unchanged
81 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 4646 $2.2k $2.2k 0.00% Unchanged
82 Quest 10 Wealth Builders, Inc. 0.00% of their portfolio Fuquay-Varina, VA 4242 $2.0k $2.0k 0.00% Added +13 +13
83 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 3232 $1.5k $1.5k 0.00% Unchanged
84 IMG Wealth Management, Inc. 0.00% of their portfolio JACKSONVILLE, FL 3131 $1.5k $1.5k 0.00% Unchanged
85 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1313 $624 $624 0.00% New
86 Capital A Wealth Management, LLC 0.00% of their portfolio CRANBERRY TWP, PA 88 $384 $384 0.00% Unchanged
87 Spurstone Advisory Services, LLC 0.00% of their portfolio HIGGANUM, CT 22 $96 $96 0.00% New
88 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
89 Financial Management Professionals, Inc. 0.00% of their portfolio AUSTIN, TX 00 $9 $9 0.00% Unchanged