Vault-13

ISHARES TR INDA

MSCI INDIA ETF · ETP · CUSIP 46429B598

589 institutional holders -54 vs Q2 2025
154,108,516154.1m shares reported held*
$8.0bnreported value*
49 new 197 added 202 reduced 96 sold out net sold ≈ $420.1m (-4.7m 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 ($13.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $52.13. Options: 17 managers hold calls ($276.3m notional), 8 hold puts ($113.9m).

Trends to Q3 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: 643Q3 25: 589589Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025589

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 245 bought or addedQ4 23: 153 cut or sold outQ1 24: 340 bought or addedQ1 24: 163 cut or sold outQ1 24Q2 24: 366 bought or addedQ2 24: 193 cut or sold outQ3 24: 327 bought or addedQ3 24: 216 cut or sold outQ3 24Q4 24: 269 bought or addedQ4 24: 317 cut or sold outQ1 25: 227 bought or addedQ1 25: 322 cut or sold outQ1 25Q2 25: 338 bought or addedQ2 25: 222 cut or sold outQ3 25: 246 bought or addedQ3 25: 298 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023245153
Q1 2024340163
Q2 2024366193
Q3 2024327216
Q4 2024269317
Q1 2025227322
Q2 2025338222
Q3 2025246298

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ4 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 0.41Q3 25 calls: $276.3mQ3 25 puts: $113.9mQ3 25P/C 0.41
Numbers
QuarterCallsPutsP/C
Q4 2024$67.1m$14.6m0.22
Q1 2025$485.0m$107.2m0.22
Q2 2025$222.4m$90.7m0.41
Q3 2025$276.3m$113.9m0.41

Biggest buyers

BlackRock, Inc. Added +9,314,139+9.3m
ALLIANCEBERNSTEIN L.P. New +2,309,205+2.3m
Phoenix Financial Ltd. Added +1,946,393+1.9m
IFM Investors Pty Ltd New +1,780,559+1.8m
FMR LLC Added +1,687,519+1.7m
JPMORGAN CHASE & CO Added +1,521,805+1.5m
Ninety One North America, Inc. Added +1,112,462+1.1m
CAUSEWAY CAPITAL MANAGEMENT LLC Added +836,765+836.8k
Man Group plc Added +669,410+669.4k
Qube Research & Technologies Ltd Added +640,468+640.5k

Biggest sellers

GEODE CAPITAL MANAGEMENT, LLC Sold out -4,541,678-4.5m
State of Tennessee, Department of Treasury Reduced -3,927,424-3.9m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -2,762,173-2.8m
ROYAL BANK OF CANADA Reduced -2,273,649-2.3m
Euclidean Capital LLC Reduced -2,055,544-2.1m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -1,958,151-2.0m
UBS Group AG Reduced -1,899,155-1.9m
State of New Jersey Common Pension Fund D Reduced -1,886,374-1.9m
TEACHER RETIREMENT SYSTEM OF TEXAS Sold out -1,874,038-1.9m
HSBC HOLDINGS PLC Reduced -1,310,807-1.3m

Biggest calls

NWI MANAGEMENT LP New $59.0m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $54.8m1.1m shares
MILLENNIUM MANAGEMENT LLC New $52.1m1.0m shares
CITADEL ADVISORS LLC Added $45.5m874.6k shares
Eisler Capital Management Ltd. New $15.7m300.0k shares
CAPITAL FUND MANAGEMENT S.A. Added $13.5m258.6k shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Unchanged $13.0m250.0k shares
NOMURA HOLDINGS INC Unchanged $5.9m113.5k shares
BANK OF AMERICA CORP /DE/ Reduced $5.7m110.0k shares
JANE STREET GROUP, LLC Reduced $4.2m80.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $45.5m874.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $19.7m377.6k shares
Eisler Capital Management Ltd. New $15.7m300.0k shares
Centiva Capital, LP New $13.2m254.4k shares
CAPITAL FUND MANAGEMENT S.A. Added $9.5m182.5k shares
Cubist Systematic Strategies, LLC New $5.3m102.5k shares
WOLVERINE TRADING, LLC Added $3.4m65.4k shares
JANE STREET GROUP, LLC Added $1.5m29.5k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.02% of their portfolio New York, NY 16,606,98516.6m $864.6m $864.6m 0.02% Added +9.3m +9,314,139
2 State of Tennessee, Department of Treasury 2.03% of their portfolio NASHVILLE, TN 11,738,94311.7m $611.1m $611.1m 2.03% Reduced -3.9m -3,927,424
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 10,635,87110.6m $553.7m $553.7m 0.03% Reduced -163.8k -163,759
4 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 9,040,2149.0m $470.6m $470.6m 0.01% Added +1.5m +1,521,805
5 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 5,786,2335.8m $301.2m $301.2m 0.04% Reduced -479.6k -479,552
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 5,557,7945.6m $289.3m $289.3m 0.02% Added +563.9k +563,865
7 State of New Jersey Common Pension Fund D 0.97% of their portfolio TRENTON, NJ 5,043,3725.0m $262.6m $262.6m 0.97% Reduced -1.9m -1,886,374
8 Man Group plc 0.45% of their portfolio LONDON, X0 4,424,9104.4m $230.4m $230.4m 0.45% Added +669.4k +669,410
9 FMR LLC 0.01% of their portfolio BOSTON, MA 3,628,5003.6m $188.9m $188.9m 0.01% Added +1.7m +1,687,519
10 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 3,567,9993.6m $185.8m $185.8m 0.03% Reduced -2.3m -2,273,649
11 Legal & General Group Plc 0.03% of their portfolio London, X0 2,965,4663.0m $154.4m $154.4m 0.03% Reduced -281.5k -281,522
12 Vontobel Holding Ltd. 0.45% of their portfolio ZURICH, V8 2,780,6682.8m $144.8m $144.8m 0.45% Added +8.9k +8,890
13 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 2,657,3162.7m $138.3m $138.3m 0.02% Reduced -94.1k -94,123
14 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 2,309,2052.3m $120.2m $120.2m 0.04% New
15 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,300,0172.3m $119.7m $119.7m 0.02% Reduced -1.9m -1,899,155
16 Millburn Ridgefield LLC /DE/ 2.83% of their portfolio New York, NY 2,276,3922.3m $118.5m $118.5m 2.83% Unchanged
17 Catalyst Capital Advisors LLC 2.39% of their portfolio San Juan, PR 2,276,3922.3m $118.5m $118.5m 2.39% Unchanged
18 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio BOSTON, MA 2,257,4242.3m $117.5m $117.5m 0.07% Reduced -2.0m -1,958,151
19 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,069,6722.1m $107.7m $107.7m 0.02% Added +422.2k +422,160
20 Phoenix Financial Ltd. 0.66% of their portfolio Givatayim, L3 2,004,9242.0m $104.4m $104.4m 0.66% Added +1.9m +1,946,393
21 IFM Investors Pty Ltd 0.82% of their portfolio MELBOURNE, C3 1,780,5591.8m $93.0m $93.0m 0.82% New
22 Ninety One North America, Inc. 2.04% of their portfolio New York, NY 1,708,6501.7m $89.0m $89.0m 2.04% Added +1.1m +1,112,462
23 Nipun Capital, L.P. 58.94% of their portfolio Foster City, CA 1,594,3451.6m $93.3m $93.3m 58.94% Reduced -178.6k -178,600
24 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,546,8581.5m $80.5m $80.5m 0.02% Reduced -142.2k -142,152
25 Ensign Peak Advisors, Inc 0.13% of their portfolio SALT LAKE CITY, UT 1,539,0671.5m $80.1m $80.1m 0.13% Reduced -626.8k -626,820
26 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,479,8111.5m $77.0m $77.0m 0.02% Reduced -9.5k -9,525
27 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,437,7781.4m $74.9m $74.9m 0.01% Added +225.2k +225,151
28 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,388,1301.4m $72.3m $72.3m 0.02% Reduced -186.9k -186,902
29 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,115,9641.1m $58.1m $58.1m 0.02% Added +232.1k +232,065
30 Ninety One UK Ltd 0.06% of their portfolio London, X0 1,111,7921.1m $57.9m $57.9m 0.06% Added +547.0k +547,018
31 BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.18% of their portfolio DALLAS, TX 1,096,4801.1m $57.1m $57.1m 0.18% Reduced -16.7k -16,688
32 CAUSEWAY CAPITAL MANAGEMENT LLC 0.72% of their portfolio LOS ANGELES, CA 1,054,0051.1m $54.9m $54.9m 0.72% Added +836.8k +836,765
33 Amundi 0.02% of their portfolio Paris, I0 986,319986.3k $51.9m $51.9m 0.02% Added +14.9k +14,925
34 3EDGE Asset Management, LP 2.56% of their portfolio Naples, FL 869,607869.6k $45.3m $45.3m 2.56% Added +193.9k +193,934
35 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 825,051825.1k $42.9m $42.9m 0.01% Reduced -137.7k -137,661
36 ACADIAN ASSET MANAGEMENT LLC 0.07% of their portfolio Boston, MA 771,576771.6k $40.2m $40.2m 0.07% Added +276.0k +276,026
37 COMERICA BANK 0.15% of their portfolio DALLAS, TX 768,837768.8k $40.0m $40.0m 0.15% Reduced -84.1k -84,105
38 YOUSIF CAPITAL MANAGEMENT, LLC 0.42% of their portfolio BLOOMFIELD HILLS, MI 747,145747.1k $38.9m $38.9m 0.42% Reduced -81.9k -81,930
39 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 727,016727.0k $37.8m $37.8m 0.03% Reduced -680.1k -680,149
40 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.07% of their portfolio TORONTO, A6 713,933713.9k $37.2m $37.2m 0.07% Reduced -486.1k -486,067
41 PRUDENTIAL FINANCIAL INC 0.04% of their portfolio NEWARK, NJ 708,241708.2k $36.9m $36.9m 0.04% Reduced -25.8k -25,777
42 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 669,523669.5k $34.9m $34.9m 0.01% Added +86.5k +86,494
43 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 646,819646.8k $33.7m $33.7m 0.05% Added +640.5k +640,468
44 Varma Mutual Pension Insurance Co 0.20% of their portfolio Varma, H9 607,910607.9k $31.6m $31.6m 0.20% Reduced -443.7k -443,730
45 OLD MISSION CAPITAL LLC 1.09% of their portfolio CHICAGO, IL 587,068587.1k $30.6m $30.6m 1.09% New
46 Rafferty Asset Management, LLC 0.10% of their portfolio New York, NY 582,608582.6k $30.3m $30.3m 0.10% Reduced -53.3k -53,294
47 Rice Partnership, LLC 4.24% of their portfolio HONOLULU, HI 573,033573.0k $29.8m $29.8m 4.24% Added +62.7k +62,700
48 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 552,212552.2k $28.7m $28.7m 0.01% Added +203.9k +203,906
49 AXIOM INVESTORS LLC /DE 0.21% of their portfolio GREENWICH, CT 546,000546.0k $28.4m $28.4m 0.21% Added +23.3k +23,300
50 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 533,163533.2k $27.8m $27.8m 0.04% Added +91.0k +91,030
51 Qtron Investments LLC 3.11% of their portfolio Boston, MA 481,684481.7k $25.1m $25.1m 3.11% Reduced -315.5k -315,505
52 Bank Julius Baer & Co. Ltd, Zurich 0.07% of their portfolio ZURICH, V8 462,497462.5k $24.1m $24.1m 0.07% Added +2.6k +2,617
53 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 454,169454.2k $23.6m $23.6m 0.02% Reduced -221.0k -220,972
54 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 442,985443.0k $23.1m $23.1m 0.03% Reduced -39.0k -39,000
55 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.24% of their portfolio New York, NY 438,420438.4k $22.8m $22.8m 0.24% Reduced -2.9k -2,946
56 Gray Foundation 6.31% of their portfolio Cohoes, NY 425,748425.7k $22.2m $22.2m 6.31% Reduced -65.2k -65,200
57 NWI MANAGEMENT LP 1.11% of their portfolio NEW YORK, NY 420,000420.0k $21.9m $21.9m 1.11% Unchanged
58 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 393,232393.2k $20.5m $20.5m 0.03% Added +327.7k +327,729
59 GTS SECURITIES LLC 0.78% of their portfolio NEW YORK, NY 389,868389.9k $20.3m $20.3m 0.78% New
60 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 383,259383.3k $20.0m $20.0m 0.01% Reduced -6.4k -6,416
61 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 382,159382.2k $19.9m $19.9m 0.02% Added +3.8k +3,818
62 PANAGORA ASSET MANAGEMENT INC 0.08% of their portfolio BOSTON, MA 378,695378.7k $19.7m $19.7m 0.08% Reduced -1.0m -1,026,469
63 Euclidean Capital LLC 8.08% of their portfolio NEW YORK, NY 369,600369.6k $19.2m $19.2m 8.08% Reduced -2.1m -2,055,544
64 Blackstone Inc. 0.08% of their portfolio NEW YORK, NY 350,872350.9k $18.3m $18.3m 0.08% Added +95.0k +94,977
65 STRS OHIO 0.06% of their portfolio COLUMBUS, OH 339,398339.4k $17.7m $17.7m 0.06% Unchanged
66 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 333,647333.6k $17.4m $17.4m 0.02% Added +291.9k +291,874
67 CANADA LIFE ASSURANCE Co 0.02% of their portfolio WINNIPEG, A2 326,154326.2k $17.0m $17.0m 0.02% Added +235.4k +235,377
68 DARK FOREST CAPITAL MANAGEMENT LP 0.64% of their portfolio NEW YORK, NY 324,340324.3k $16.9m $16.9m 0.64% New
69 Squarepoint Ops LLC 0.04% of their portfolio NEW YORK, NY 317,941317.9k $16.6m $16.6m 0.04% Added +59.0k +58,987
70 SUN LIFE FINANCIAL INC 0.83% of their portfolio Toronto, A6 314,300314.3k $16.4m $16.4m 0.83% Reduced -1.7k -1,700
71 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 1.13% of their portfolio London, X0 293,269293.3k $15.3m $15.3m 1.13% Added +269.6k +269,551
72 SHELL ASSET MANAGEMENT CO 1.51% of their portfolio THE HAGUE, P7 287,959288.0k $15.0m $15.0m 1.51% Added +16.2k +16,200
73 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 268,186268.2k $14.0m $14.0m 0.01% Reduced -1.3m -1,310,807
74 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 263,976264.0k $13.7m $13.7m 0.02% Reduced -2.2k -2,223
75 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 263,027263.0k $13.7m $13.7m 0.01% Added +179.5k +179,491
76 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 260,654260.7k $13.6m $13.6m 0.02% Reduced -9.5k -9,500
77 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.02% of their portfolio CAUSEWAY BAY, K3 252,481252.5k $13.1m $13.1m 0.02% Added +106.0k +105,964
78 Quadrature Capital Ltd 0.15% of their portfolio LONDON, X0 243,579243.6k $12.7m $12.7m 0.15% New
79 Vestcor Inc 0.37% of their portfolio FREDERICTON, A3 235,264235.3k $12.2m $12.2m 0.37% Reduced -18.4k -18,410
80 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 234,383234.4k $12.2m $12.2m 0.04% Added +194.1k +194,083
81 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 231,533231.5k $12.1m $12.1m 0.03% Reduced -9.5k -9,474
82 NEW WAVE WEALTH ADVISORS LLC 2.53% of their portfolio SPRINGDALE, AR 229,175229.2k $12.3m $12.3m 2.53% Added +118.9k +118,928
83 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 207,425207.4k $10.8m $10.8m 0.01% Added +70.2k +70,204
84 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 204,650204.7k $10.7m $10.7m 0.02% Reduced -109.8k -109,750
85 AIA Group Ltd 0.19% of their portfolio HONG KONG, K3 201,835201.8k $10.5m $10.5m 0.19% Unchanged
86 New Vernon Capital Holdings II LLC 4.71% of their portfolio Morristown, NJ 196,459196.5k $10.2m $10.2m 4.71% Reduced -44.9k -44,928
87 Randolph Co Inc 0.88% of their portfolio Cincinnati, OH 172,938172.9k $9.0m $9.0m 0.88% Added +410 +410
88 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 172,375172.4k $9.0m $9.0m 0.01% Reduced -39.7k -39,684
89 SPINNAKER TRUST 0.49% of their portfolio PORTLAND, ME 168,125168.1k $8.8m $8.8m 0.49% Added +30 +30
90 Stratos Wealth Advisors, LLC 0.42% of their portfolio BEACHWOOD, OH 168,110168.1k $8.8m $8.8m 0.42% Added +13.8k +13,807
91 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 164,614164.6k $8.7m $8.7m 0.01% Added +10.3k +10,288
92 Aspen Grove Capital, LLC 1.39% of their portfolio AVON, CO 158,199158.2k $8.2m $8.2m 1.39% Added +59.5k +59,504
93 Harding Loevner LP 0.06% of their portfolio Bridgewater, NJ 157,699157.7k $8.2m $8.2m 0.06% Unchanged
94 Cornerstone Capital, Inc. 0.80% of their portfolio Palo Alto, CA 156,505156.5k $8.1m $8.1m 0.80% Added +1.4k +1,363
95 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 146,675146.7k $7.6m $7.6m 0.03% Added +67.6k +67,614
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 143,150143.2k $7.5m $7.5m 0.00% Reduced -3.7k -3,683
97 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.13% of their portfolio TOKYO, M0 138,129138.1k $7.2m $7.2m 0.13% Added +18.8k +18,751
98 Polianta Ltd 2.94% of their portfolio ST HELIER, Y9 137,100137.1k $7.1m $7.1m 2.94% Added +7.9k +7,900
99 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 134,558134.6k $7.0m $7.0m 0.00% Reduced -4.5k -4,500
100 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 134,204134.2k $7.0m $7.0m 0.02% Added +1.6k +1,617