Vault-13

ISHARES TR INDA

MSCI INDIA ETF · ETP · CUSIP 46429B598

643 institutional holders +61 vs Q1 2025
159,177,833159.2m shares reported held*
$9.1bnreported value*
118 new 220 added 163 reduced 59 sold out net sold ≈ $20.0m (-818.3k 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.90. Options: 16 managers hold calls ($222.4m notional), 12 hold puts ($90.7m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 314Q4 22: 330Q1 23: 320Q2 23: 367Q3 23: 422Q4 23: 473Q1 24: 556Q2 24: 609Q3 24: 634Q4 24: 618Q1 25: 582Q2 25: 643643Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022314
Q4 2022330
Q1 2023320
Q2 2023367
Q3 2023422
Q4 2023473
Q1 2024556
Q2 2024609
Q3 2024634
Q4 2024618
Q1 2025582
Q2 2025643

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 242 bought or addedQ3 23: 110 cut or sold outQ4 23: 245 bought or addedQ4 23: 153 cut or sold outQ4 23Q1 24: 340 bought or addedQ1 24: 163 cut or sold outQ2 24: 366 bought or addedQ2 24: 193 cut or sold outQ2 24Q3 24: 327 bought or addedQ3 24: 216 cut or sold outQ4 24: 269 bought or addedQ4 24: 317 cut or sold outQ4 24Q1 25: 227 bought or addedQ1 25: 322 cut or sold outQ2 25: 338 bought or addedQ2 25: 222 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023242110
Q4 2023245153
Q1 2024340163
Q2 2024366193
Q3 2024327216
Q4 2024269317
Q1 2025227322
Q2 2025338222

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ3 24 calls: $198.0mQ3 24 puts: $270.3mQ3 24P/C 1.36Q4 24 calls: $67.1mQ4 24 puts: $14.6mQ4 24P/C 0.22Q1 25 calls: $485.0mQ1 25 puts: $107.2mQ1 25P/C 0.22Q2 25 calls: $222.4mQ2 25 puts: $90.7mQ2 25P/C 0.41
Numbers
QuarterCallsPutsP/C
Q3 2024$198.0m$270.3m1.36
Q4 2024$67.1m$14.6m0.22
Q1 2025$485.0m$107.2m0.22
Q2 2025$222.4m$90.7m0.41

Biggest buyers

State of New Jersey Common Pension Fund D Added +6,610,000+6.6m
ROYAL BANK OF CANADA Added +5,095,804+5.1m
JPMORGAN CHASE & CO Added +3,702,760+3.7m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +2,762,173+2.8m
Vontobel Holding Ltd. Added +2,658,509+2.7m
Man Group plc Added +1,839,360+1.8m
WELLINGTON MANAGEMENT GROUP LLP Added +1,467,462+1.5m
GEODE CAPITAL MANAGEMENT, LLC Added +1,405,731+1.4m
HSBC HOLDINGS PLC Added +1,295,222+1.3m
Fosun International Ltd New +1,215,400+1.2m

Biggest sellers

Police & Firemen's Retirement System of New Jersey Sold out -9,684,385-9.7m
Bank of New York Mellon Corp Reduced -7,336,888-7.3m
TEACHER RETIREMENT SYSTEM OF TEXAS Reduced -3,817,538-3.8m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -2,482,978-2.5m
BlackRock, Inc. Reduced -2,168,380-2.2m
DEUTSCHE BANK AG\ Reduced -1,856,626-1.9m
Legal & General Group Plc Reduced -1,793,070-1.8m
FMR LLC Reduced -1,254,349-1.3m
NORTHERN TRUST CORP Reduced -930,846-930.8k
Russell Investments Group, Ltd. Reduced -722,930-722.9k

Biggest calls

TUDOR INVESTMENT CORP ET AL New $69.6m1.2m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $62.1m1.1m shares
CITADEL ADVISORS LLC Added $16.8m301.9k shares
MOORE CAPITAL MANAGEMENT, LP New $16.3m292.0k shares
BANK OF AMERICA CORP /DE/ Reduced $13.9m250.0k shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New $13.9m250.0k shares
CAPITAL FUND MANAGEMENT S.A. Added $8.9m159.0k shares
NOMURA HOLDINGS INC Reduced $6.3m113.5k shares
JANE STREET GROUP, LLC Added $5.2m93.5k shares
WOLVERINE TRADING, LLC Added $3.0m52.9k shares

Biggest puts

Squarepoint Ops LLC New $21.9m393.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $20.4m366.8k shares
BANK OF AMERICA CORP /DE/ New $13.9m250.0k shares
CITADEL ADVISORS LLC Added $11.9m213.7k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $5.9m106.6k shares
WELLS FARGO & COMPANY/MN Reduced $4.2m75.0k shares
Twin Tree Management, LP New $3.1m55.0k shares
WOLVERINE TRADING, LLC Reduced $2.9m51.4k shares
Parallax Volatility Advisers, L.P. New $2.8m50.0k shares
BNP PARIBAS FINANCIAL MARKETS New $1.4m250 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution -5.6 pts · filed 2026-10-05 5.9% -5.6 pts 7.3m≈ $361.8m 2026-10-05

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 State of Tennessee, Department of Treasury 3.12% of their portfolio NASHVILLE, TN 15,666,36715.7m $872.3m $872.3m 3.12% Added +37.0k +37,038
2 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 10,799,63010.8m $601.3m $601.3m 0.04% Added +1.1m +1,083,817
3 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 7,518,4097.5m $418.6m $418.6m 0.03% Added +3.7m +3,702,760
4 BlackRock, Inc. 0.01% of their portfolio New York, NY 7,292,8467.3m $406.1m $406.1m 0.01% Reduced -2.2m -2,168,380
5 State of New Jersey Common Pension Fund D 1.50% of their portfolio TRENTON, NJ 6,929,7466.9m $385.8m $385.8m 1.50% Added +6.6m +6,610,000
6 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 6,265,7856.3m $348.9m $348.9m 0.05% Reduced -930.8k -930,846
7 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 5,841,6485.8m $325.3m $325.3m 0.03% Added +5.1m +5,095,804
8 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 4,993,9295.0m $278.1m $278.1m 0.02% Reduced -20.1k -20,093
9 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 4,541,6784.5m $252.9m $252.9m 0.02% Added +1.4m +1,405,731
10 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.17% of their portfolio BOSTON, MA 4,215,5754.2m $234.7m $234.7m 0.17% Added +406.2k +406,176
11 UBS Group AG 0.05% of their portfolio ZURICH, V8 4,199,1724.2m $233.8m $233.8m 0.05% Added +163.6k +163,601
12 Man Group plc 0.45% of their portfolio LONDON, X0 3,755,5003.8m $209.1m $209.1m 0.45% Added +1.8m +1,839,360
13 Legal & General Group Plc 0.04% of their portfolio London, X0 3,246,9883.2m $180.7m $180.7m 0.04% Reduced -1.8m -1,793,070
14 Vontobel Holding Ltd. 0.51% of their portfolio ZURICH, V8 2,771,7782.8m $154.2m $154.2m 0.51% Added +2.7m +2,658,509
15 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 2,762,1732.8m $153.8m $153.8m 0.03% New
16 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 2,751,4392.8m $153.2m $153.2m 0.03% Added +1.5m +1,467,462
17 Euclidean Capital LLC 44.17% of their portfolio NEW YORK, NY 2,425,1442.4m $135.0m $135.0m 44.17% Unchanged
18 Millburn Ridgefield LLC /DE/ 3.05% of their portfolio New York, NY 2,276,3922.3m $126.7m $126.7m 3.05% Reduced -208.1k -208,089
19 Catalyst Capital Advisors LLC 2.56% of their portfolio San Juan, PR 2,276,3922.3m $126.7m $126.7m 2.56% Reduced -208.1k -208,089
20 Ensign Peak Advisors, Inc 0.21% of their portfolio SALT LAKE CITY, UT 2,165,8872.2m $120.6m $120.6m 0.21% Reduced -203.9k -203,852
21 FMR LLC 0.01% of their portfolio BOSTON, MA 1,940,9811.9m $108.1m $108.1m 0.01% Reduced -1.3m -1,254,349
22 TEACHER RETIREMENT SYSTEM OF TEXAS 0.44% of their portfolio AUSTIN, TX 1,874,0381.9m $104.3m $104.3m 0.44% Reduced -3.8m -3,817,538
23 Nipun Capital, L.P. 53.56% of their portfolio Foster City, CA 1,772,9451.8m $98.7m $98.7m 53.56% Added +23.0k +23,000
24 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,689,0101.7m $94.0m $94.0m 0.02% Reduced -21.5k -21,481
25 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,647,5121.6m $91.7m $91.7m 0.01% Added +276.2k +276,244
26 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 1,578,9931.6m $87.9m $87.9m 0.06% Added +1.3m +1,295,222
27 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,575,0321.6m $87.7m $87.7m 0.02% Reduced -113.2k -113,220
28 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 1,489,3361.5m $82.9m $82.9m 0.03% Reduced -34.3k -34,327
29 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 1,407,1651.4m $78.4m $78.4m 0.05% Reduced -677.7k -677,675
30 PANAGORA ASSET MANAGEMENT INC 0.35% of their portfolio BOSTON, MA 1,405,1641.4m $78.2m $78.2m 0.35% Added +1.0m +1,028,967
31 Fosun International Ltd 3.39% of their portfolio HONG KONG, F4 1,215,4001.2m $12.2m $12.2m 3.39% New
32 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,212,6271.2m $67.5m $67.5m 0.01% Reduced -7.3m -7,336,888
33 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.13% of their portfolio TORONTO, A6 1,200,0001.2m $66.8m $66.8m 0.13% Unchanged
34 BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.21% of their portfolio DALLAS, TX 1,113,1681.1m $62.0m $62.0m 0.21% Reduced -79.3k -79,295
35 Varma Mutual Pension Insurance Co 0.43% of their portfolio Varma, H9 1,051,6401.1m $58.6m $58.6m 0.43% New
36 Amundi 0.02% of their portfolio Paris, I0 971,394971.4k $53.2m $53.2m 0.02% Reduced -126.9k -126,880
37 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 962,712962.7k $53.6m $53.6m 0.01% Reduced -145.3k -145,344
38 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 883,899883.9k $49.2m $49.2m 0.02% Added +198.8k +198,811
39 COMERICA BANK 0.18% of their portfolio DALLAS, TX 852,942852.9k $47.5m $47.5m 0.18% Added +108.5k +108,542
40 YOUSIF CAPITAL MANAGEMENT, LLC 0.50% of their portfolio BLOOMFIELD HILLS, MI 829,075829.1k $46.2m $46.2m 0.50% Added +102.0k +101,950
41 Qtron Investments LLC 5.67% of their portfolio Boston, MA 797,189797.2k $44.4m $44.4m 5.67% Added +374.8k +374,835
42 PRUDENTIAL FINANCIAL INC 0.05% of their portfolio NEWARK, NJ 734,018734.0k $38.9m $38.9m 0.05% Added +23.3k +23,326
43 3EDGE Asset Management, LP 2.34% of their portfolio Naples, FL 675,673675.7k $37.6m $37.6m 2.34% Added +663.8k +663,786
44 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 675,141675.1k $37.6m $37.6m 0.03% Added +27.4k +27,380
45 MARSHALL WACE, LLP 0.04% of their portfolio LONDON, X0 666,378666.4k $37.1m $37.1m 0.04% New
46 Rafferty Asset Management, LLC 0.12% of their portfolio New York, NY 635,902635.9k $35.4m $35.4m 0.12% Reduced -150.2k -150,221
47 Ninety One North America, Inc. 1.63% of their portfolio New York, NY 596,188596.2k $33.2m $33.2m 1.63% Added +14.5k +14,525
48 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 584,503584.5k $32.5m $32.5m 0.04% Added +123.5k +123,533
49 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 583,029583.0k $32.5m $32.5m 0.01% Added +38.2k +38,190
50 Ninety One UK Ltd 0.07% of their portfolio London, X0 564,774564.8k $31.4m $31.4m 0.07% Reduced -19.8k -19,837
51 CSM Advisors, LLC 0.88% of their portfolio WARRENDALE, PA 544,586544.6k $30.3m $30.3m 0.88% New
52 Temasek Holdings (Private) Ltd 0.12% of their portfolio SINGAPORE, U0 538,508538.5k $30.0m $30.0m 0.12% Unchanged
53 AXIOM INVESTORS LLC /DE 0.24% of their portfolio GREENWICH, CT 522,700522.7k $29.1m $29.1m 0.24% Reduced -582.5k -582,500
54 Rice Partnership, LLC 4.94% of their portfolio HONOLULU, HI 510,333510.3k $28.4m $28.4m 4.94% Added +1.7k +1,712
55 ACADIAN ASSET MANAGEMENT LLC 0.06% of their portfolio Boston, MA 495,550495.6k $27.6m $27.6m 0.06% Reduced -362.7k -362,688
56 Gray Foundation 7.74% of their portfolio Cohoes, NY 490,948490.9k $27.3m $27.3m 7.74% Unchanged
57 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 481,985482.0k $26.8m $26.8m 0.03% Added +70.0k +69,953
58 Bank Julius Baer & Co. Ltd, Zurich 0.08% of their portfolio ZURICH, V8 459,880459.9k $25.6m $25.6m 0.08% Added +424.0k +424,020
59 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 442,133442.1k $24.6m $24.6m 0.04% Reduced -25.8k -25,825
60 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.26% of their portfolio New York, NY 441,366441.4k $24.6m $24.6m 0.26% Unchanged
61 Richard Bernstein Advisors LLC 0.59% of their portfolio NEW YORK, NY 429,008429.0k $23.9m $23.9m 0.59% Reduced -346.7k -346,721
62 NWI MANAGEMENT LP 1.09% of their portfolio NEW YORK, NY 420,000420.0k $23.4m $23.4m 1.09% Added +210.0k +210,000
63 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 409,129409.1k $22.8m $22.8m 0.02% Reduced -300.7k -300,709
64 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 389,675389.7k $21.7m $21.7m 0.01% Unchanged
65 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 378,341378.3k $21.1m $21.1m 0.02% New
66 M&T Bank Corp 0.07% of their portfolio BUFFALO, NY 351,070351.1k $19.5m $19.5m 0.07% Added +23.5k +23,545
67 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 348,306348.3k $19.4m $19.4m 0.01% Added +12.6k +12,562
68 STRS OHIO 0.07% of their portfolio COLUMBUS, OH 339,398339.4k $18.9m $18.9m 0.07% Unchanged
69 FIL Ltd 0.02% of their portfolio HAMILTON, D0 328,669328.7k $18.3m $18.3m 0.02% New
70 SUN LIFE FINANCIAL INC 0.96% of their portfolio Toronto, A6 316,000316.0k $17.6m $17.6m 0.96% Added +9.9k +9,900
71 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 314,400314.4k $17.5m $17.5m 0.03% Reduced -22.4k -22,365
72 SHELL ASSET MANAGEMENT CO 0.52% of their portfolio THE HAGUE, P7 271,759271.8k $15.1m $15.1m 0.52% Added +259 +259
73 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 270,154270.2k $15.0m $15.0m 0.02% Added +9.5k +9,500
74 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 266,199266.2k $14.8m $14.8m 0.03% Added +96.6k +96,601
75 Twin Tree Management, LP 0.37% of their portfolio DALLAS, TX 264,135264.1k $14.7m $14.7m 0.37% Added +251.0k +251,021
76 Squarepoint Ops LLC 0.03% of their portfolio NEW YORK, NY 258,954259.0k $14.4m $14.4m 0.03% New
77 Blackstone Inc. 0.06% of their portfolio NEW YORK, NY 255,895255.9k $14.2m $14.2m 0.06% Added +81.3k +81,295
78 Caption Management, LLC 1.30% of their portfolio OKLAHOMA CITY, OK 255,280255.3k $14.2m $14.2m 1.30% New
79 Vestcor Inc 0.43% of their portfolio FREDERICTON, A3 253,674253.7k $14.1m $14.1m 0.43% Reduced -17.1k -17,136
80 New Vernon Capital Holdings II LLC 6.45% of their portfolio Morristown, NJ 241,387241.4k $13.4m $13.4m 6.45% New
81 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 241,007241.0k $13.4m $13.4m 0.04% Added +209.4k +209,418
82 MBB PUBLIC MARKETS I LLC 1.50% of their portfolio CHICAGO, IL 233,724233.7k $13.0m $13.0m 1.50% Unchanged
83 CAUSEWAY CAPITAL MANAGEMENT LLC 0.19% of their portfolio LOS ANGELES, CA 217,240217.2k $12.1m $12.1m 0.19% Added +74.1k +74,071
84 Oaktree Fund Advisors, LLC 20.87% of their portfolio LOS ANGLES, CA 216,039216.0k $12.0m $12.0m 20.87% Reduced -27.0k -26,984
85 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 212,059212.1k $11.8m $11.8m 0.01% Added +44.0k +44,032
86 AIA Group Ltd 0.24% of their portfolio HONG KONG, K3 201,835201.8k $11.2m $11.2m 0.24% Added +170.0k +170,000
87 Randolph Co Inc 0.99% of their portfolio Cincinnati, OH 172,528172.5k $9.6m $9.6m 0.99% Added +2.9k +2,861
88 SPINNAKER TRUST 0.56% of their portfolio PORTLAND, ME 168,095168.1k $9.4m $9.4m 0.56% Reduced -757 -757
89 FOURPATH CAPITAL MANAGEMENT, LLC 1.46% of their portfolio OKLAHOMA CITY, OK 166,438166.4k $9.3m $9.3m 1.46% New
90 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 164,096164.1k $9.1m $9.1m 0.01% Reduced -84.5k -84,516
91 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 163,898163.9k $9.1m $9.1m 0.01% Reduced -350.3k -350,272
92 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 162,108162.1k $9.0m $9.0m 0.01% Added +62.5k +62,471
93 Harding Loevner LP 0.06% of their portfolio Bridgewater, NJ 157,699157.7k $8.8m $8.8m 0.06% Unchanged
94 Cornerstone Capital, Inc. 0.90% of their portfolio Palo Alto, CA 155,142155.1k $8.6m $8.6m 0.90% Added +2.0k +1,955
95 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 154,326154.3k $8.6m $8.6m 0.01% Added +22.6k +22,591
96 Stratos Wealth Advisors, LLC 0.45% of their portfolio BEACHWOOD, OH 154,303154.3k $8.6m $8.6m 0.45% Added +5.5k +5,525
97 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 146,833146.8k $8.2m $8.2m 0.01% Added +36.7k +36,693
98 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio CAUSEWAY BAY, K3 146,517146.5k $8.2m $8.2m 0.02% Added +19.9k +19,878
99 Royal Fund Management, LLC 0.84% of their portfolio Lady Lake, FL 142,013142.0k $7.9m $7.9m 0.84% Added +2.6k +2,589
100 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 139,058139.1k $7.7m $7.7m 0.00% Reduced -205.0k -205,000