Vault-13

ISHARES TR INDA

MSCI INDIA ETF · ETP · CUSIP 46429B598

610 institutional holders +21 vs Q3 2025
154,685,168154.7m shares reported held*
$8.3bnreported value*
66 new 195 added 194 reduced 55 sold out net sold ≈ $1.1m (+55.6k 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.85. Options: 15 managers hold calls ($395.2m notional), 7 hold puts ($54.3m).

Trends to Q4 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: 589Q4 25: 610610Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025610

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 246 bought or addedQ3 25: 298 cut or sold outQ4 25: 261 bought or addedQ4 25: 249 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024340163
Q2 2024366193
Q3 2024327216
Q4 2024269317
Q1 2025227322
Q2 2025338222
Q3 2025246298
Q4 2025261249

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 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 0.41Q4 25 calls: $395.2mQ4 25 puts: $54.3mQ4 25P/C 0.14
Numbers
QuarterCallsPutsP/C
Q1 2025$485.0m$107.2m0.22
Q2 2025$222.4m$90.7m0.41
Q3 2025$276.3m$113.9m0.41
Q4 2025$395.2m$54.3m0.14

Biggest buyers

JANE STREET GROUP, LLC New +4,400,850+4.4m
MANUFACTURERS LIFE INSURANCE COMPANY, THE New +1,891,541+1.9m
BlackRock, Inc. Added +1,581,355+1.6m
USS Investment Management Ltd New +1,310,424+1.3m
BESSEMER GROUP INC Added +880,865+880.9k
STATE STREET CORP Added +686,700+686.7k
GOLDMAN SACHS GROUP INC Added +547,738+547.7k
OSTRUM ASSET MANAGEMENT New +520,000+520.0k
Temasek Holdings (Private) Ltd New +512,000+512.0k
WCM INVESTMENT MANAGEMENT, LLC New +503,660+503.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -4,128,674-4.1m
ROYAL BANK OF CANADA Reduced -2,491,037-2.5m
BANK OF AMERICA CORP /DE/ Reduced -1,805,492-1.8m
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Reduced -1,324,780-1.3m
MORGAN STANLEY Reduced -936,172-936.2k
State of Tennessee, Department of Treasury Reduced -813,540-813.5k
Ninety One UK Ltd Reduced -802,029-802.0k
CAUSEWAY CAPITAL MANAGEMENT LLC Reduced -667,800-667.8k
Ninety One North America, Inc. Reduced -600,873-600.9k
FMR LLC Reduced -526,987-527.0k

Biggest calls

MILLENNIUM MANAGEMENT LLC Added $135.1m2.5m shares
BARCLAYS PLC New $75.9m1.4m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $40.3m744.7k shares
UBS Group AG Added $27.3m504.5k shares
CITADEL ADVISORS LLC Reduced $25.1m464.7k shares
BlueCrest Capital Management Ltd New $21.6m400.0k shares
WELLS FARGO & COMPANY/MN New $18.9m350.0k shares
Capula Management Ltd Not comparable $18.9m350.0k shares
Calamos Advisors LLC New $12.9m247.8k shares
NOMURA HOLDINGS INC Unchanged $6.1m113.5k shares

Biggest puts

WELLS FARGO & COMPANY/MN New $18.9m350.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $18.0m333.1k shares
CITADEL ADVISORS LLC Reduced $9.3m172.8k shares
CAPITAL FUND MANAGEMENT S.A. Reduced $3.1m57.8k shares
Squarepoint Ops LLC New $2.1m39.4k shares
JANE STREET GROUP, LLC Added $1.8m33.5k shares
Point72 Asset Management, L.P. New $929.7k17.2k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.02% of their portfolio New York, NY 18,188,34018.2m $983.1m $983.1m 0.02% Added +1.6m +1,581,355
2 State of Tennessee, Department of Treasury 1.81% of their portfolio NASHVILLE, TN 10,925,40310.9m $565.3m $565.3m 1.81% Reduced -813.5k -813,540
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 9,699,6999.7m $524.3m $524.3m 0.03% Reduced -936.2k -936,172
4 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 5,726,0335.7m $309.5m $309.5m 0.04% Reduced -60.2k -60,200
5 State of New Jersey Common Pension Fund D 0.97% of their portfolio TRENTON, NJ 4,965,9955.0m $268.4m $268.4m 0.97% Reduced -77.4k -77,377
6 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 4,911,5404.9m $265.5m $265.5m 0.02% Reduced -4.1m -4,128,674
7 Man Group plc 0.46% of their portfolio LONDON, X0 4,501,1074.5m $243.3m $243.3m 0.46% Added +76.2k +76,197
8 JANE STREET GROUP, LLC 0.28% of their portfolio NEW YORK, NY 4,400,8504.4m $237.9m $237.9m 0.28% New
9 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,752,3023.8m $202.8m $202.8m 0.01% Reduced -1.8m -1,805,492
10 FMR LLC 0.01% of their portfolio BOSTON, MA 3,101,5133.1m $167.6m $167.6m 0.01% Reduced -527.0k -526,987
11 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 2,911,6712.9m $157.4m $157.4m 0.03% Added +254.4k +254,355
12 Legal & General Group Plc 0.03% of their portfolio London, X0 2,756,7392.8m $149.0m $149.0m 0.03% Reduced -208.7k -208,727
13 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 2,617,4102.6m $141.5m $141.5m 0.02% Added +547.7k +547,738
14 Vontobel Holding Ltd. 0.46% of their portfolio ZURICH, V8 2,580,2662.6m $139.6m $139.6m 0.46% Reduced -200.4k -200,402
15 Millburn Ridgefield LLC /DE/ 3.08% of their portfolio New York, NY 2,393,4262.4m $129.4m $129.4m 3.08% Added +117.0k +117,034
16 Catalyst Capital Advisors LLC 2.66% of their portfolio San Juan, PR 2,393,4262.4m $129.4m $129.4m 2.66% Added +117.0k +117,034
17 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 2,351,7152.4m $127.1m $127.1m 0.04% Added +42.5k +42,510
18 IFM Investors Pty Ltd 0.87% of their portfolio MELBOURNE, C3 1,930,0591.9m $104.3m $104.3m 0.87% Added +149.5k +149,500
19 Phoenix Financial Ltd. 1.12% of their portfolio Givatayim, L3 1,916,7721.9m $103.6m $103.6m 1.12% Reduced -88.2k -88,152
20 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio Toronto, A6 1,891,5411.9m $102.2m $102.2m 0.08% New
21 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,793,7251.8m $97.0m $97.0m 0.02% Reduced -506.3k -506,292
22 Nipun Capital, L.P. 41.43% of their portfolio Foster City, CA 1,679,5551.7m $90.8m $90.8m 41.43% Added +85.2k +85,210
23 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,617,3411.6m $87.4m $87.4m 0.02% Added +70.5k +70,483
24 Ensign Peak Advisors, Inc 0.15% of their portfolio SALT LAKE CITY, UT 1,542,6171.5m $83.4m $83.4m 0.15% Added +3.5k +3,550
25 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 1,536,2071.5m $83.0m $83.0m 0.03% Added +56.4k +56,396
26 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,466,3051.5m $79.3m $79.3m 0.01% Added +28.5k +28,527
27 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,362,6461.4m $73.7m $73.7m 0.02% Reduced -25.5k -25,484
28 USS Investment Management Ltd 0.35% of their portfolio London, X0 1,310,4241.3m $70.8m $70.8m 0.35% New
29 Ninety One North America, Inc. 2.43% of their portfolio New York, NY 1,107,7771.1m $59.9m $59.9m 2.43% Reduced -600.9k -600,873
30 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,101,4241.1m $59.5m $59.5m 0.01% Added +431.9k +431,901
31 BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.20% of their portfolio DALLAS, TX 1,098,7141.1m $59.4m $59.4m 0.20% Added +2.2k +2,234
32 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,076,9621.1m $58.2m $58.2m 0.01% Reduced -2.5m -2,491,037
33 Amundi 0.01% of their portfolio Paris, I0 969,514969.5k $52.4m $52.4m 0.01% Reduced -16.8k -16,805
34 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 932,644932.6k $50.4m $50.4m 0.03% Reduced -1.3m -1,324,780
35 BESSEMER GROUP INC 0.07% of their portfolio WOODBRIDGE, NJ 881,070881.1k $47.6m $47.6m 0.07% Added +880.9k +880,865
36 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 878,900878.9k $47.5m $47.5m 0.01% Reduced -237.1k -237,064
37 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio BALA CYNWYD, PA 874,128874.1k $47.2m $47.2m 0.06% Added +480.9k +480,896
38 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 821,258821.3k $44.4m $44.4m 0.00% Added +686.7k +686,700
39 3EDGE Asset Management, LP 2.25% of their portfolio Naples, FL 801,706801.7k $43.3m $43.3m 2.25% Reduced -67.9k -67,901
40 ACADIAN ASSET MANAGEMENT LLC 0.07% of their portfolio Boston, MA 771,576771.6k $41.7m $41.7m 0.07% Unchanged
41 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 761,977762.0k $41.2m $41.2m 0.02% Added +209.8k +209,765
42 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 719,476719.5k $38.9m $38.9m 0.01% Reduced -105.6k -105,575
43 COMERICA BANK 0.15% of their portfolio DALLAS, TX 703,629703.6k $38.0m $38.0m 0.15% Reduced -65.2k -65,208
44 YOUSIF CAPITAL MANAGEMENT, LLC 0.40% of their portfolio BLOOMFIELD HILLS, MI 696,677696.7k $36.0m $36.0m 0.40% Reduced -50.5k -50,468
45 GTS SECURITIES LLC 1.21% of their portfolio NEW YORK, NY 656,243656.2k $35.5m $35.5m 1.21% Added +266.4k +266,375
46 SEI INVESTMENTS CO 0.03% of their portfolio OAKS, PA 637,141637.1k $34.4m $34.4m 0.03% Added +303.5k +303,494
47 Qube Research & Technologies Ltd 0.05% of their portfolio LONDON, X0 623,693623.7k $33.7m $33.7m 0.05% Reduced -23.1k -23,126
48 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 617,404617.4k $33.4m $33.4m 0.02% Reduced -109.6k -109,612
49 Varma Mutual Pension Insurance Co 0.20% of their portfolio Varma, H9 607,910607.9k $32.9m $32.9m 0.20% Unchanged
50 Rice Partnership, LLC 4.42% of their portfolio HONOLULU, HI 604,901604.9k $32.7m $32.7m 4.42% Added +31.9k +31,868
51 Rafferty Asset Management, LLC 0.11% of their portfolio New York, NY 583,205583.2k $31.5m $31.5m 0.11% Added +597 +597
52 DRW Securities, LLC 2.38% of their portfolio CHICAGO, IL 578,179578.2k $31.3m $31.3m 2.38% Added +481.6k +481,624
53 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 551,737551.7k $29.8m $29.8m 0.04% Added +18.6k +18,574
54 MACKENZIE FINANCIAL CORP 0.03% of their portfolio TORONTO ONTARIO, A6 527,788527.8k $28.3m $28.3m 0.03% Added +84.8k +84,803
55 Driehaus Capital Management LLC 0.19% of their portfolio Chicago, IL 521,953522.0k $28.2m $28.2m 0.19% Added +427.0k +426,967
56 OSTRUM ASSET MANAGEMENT 1.35% of their portfolio PARIS, I0 520,000520.0k $28.1m $28.1m 1.35% New
57 OLD MISSION CAPITAL LLC 1.07% of their portfolio CHICAGO, IL 512,575512.6k $27.7m $27.7m 1.07% Reduced -74.5k -74,493
58 AXIOM INVESTORS LLC /DE 0.24% of their portfolio GREENWICH, CT 512,300512.3k $27.7m $27.7m 0.24% Reduced -33.7k -33,700
59 Temasek Holdings (Private) Ltd 0.09% of their portfolio SINGAPORE, U0 512,000512.0k $27.7m $27.7m 0.09% New
60 WCM INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio LAGUNA BEACH, CA 503,660503.7k $27.0m $27.0m 0.06% New
61 Bank Julius Baer & Co. Ltd, Zurich 0.07% of their portfolio ZURICH, V8 486,511486.5k $26.3m $26.3m 0.07% Added +24.0k +24,014
62 Squarepoint Ops LLC 0.05% of their portfolio NEW YORK, NY 482,717482.7k $26.1m $26.1m 0.05% Added +164.8k +164,776
63 Qtron Investments LLC 3.29% of their portfolio Boston, MA 468,284468.3k $25.3m $25.3m 3.29% Reduced -13.4k -13,400
64 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 459,268459.3k $24.8m $24.8m 0.02% Added +5.1k +5,099
65 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.04% of their portfolio TORONTO, A6 429,842429.8k $23.2m $23.2m 0.04% Reduced -284.1k -284,091
66 Gray Foundation 5.77% of their portfolio Cohoes, NY 425,748425.7k $23.0m $23.0m 5.77% Unchanged
67 NWI MANAGEMENT LP 0.69% of their portfolio NEW YORK, NY 420,000420.0k $22.7m $22.7m 0.69% Unchanged
68 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.24% of their portfolio New York, NY 413,485413.5k $22.4m $22.4m 0.24% Reduced -24.9k -24,935
69 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 403,088403.1k $21.8m $21.8m 0.01% Added +134.9k +134,902
70 CAUSEWAY CAPITAL MANAGEMENT LLC 0.29% of their portfolio LOS ANGELES, CA 386,205386.2k $20.9m $20.9m 0.29% Reduced -667.8k -667,800
71 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 383,259383.3k $20.7m $20.7m 0.01% Unchanged
72 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 383,021383.0k $20.7m $20.7m 0.02% Reduced -325.2k -325,220
73 PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio BOSTON, MA 378,681378.7k $20.5m $20.5m 0.07% Reduced -14 -14
74 Euclidean Capital LLC 5.41% of their portfolio NEW YORK, NY 369,600369.6k $20.0m $20.0m 5.41% Unchanged
75 Blackstone Inc. 0.08% of their portfolio NEW YORK, NY 350,872350.9k $19.0m $19.0m 0.08% Unchanged
76 SUN LIFE FINANCIAL INC 0.97% of their portfolio Toronto, A6 341,900341.9k $18.5m $18.5m 0.97% Added +27.6k +27,600
77 STRS OHIO 0.07% of their portfolio COLUMBUS, OH 339,398339.4k $18.3m $18.3m 0.07% Unchanged
78 M&T Bank Corp 0.05% of their portfolio BUFFALO, NY 312,466312.5k $16.9m $16.9m 0.05% Added +308.5k +308,469
79 Ninety One UK Ltd 0.04% of their portfolio London, X0 309,763309.8k $16.7m $16.7m 0.04% Reduced -802.0k -802,029
80 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 294,385294.4k $15.9m $15.9m 0.04% Added +62.9k +62,852
81 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 286,006286.0k $15.5m $15.5m 0.04% Added +51.6k +51,623
82 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 263,027263.0k $14.2m $14.2m 0.01% Unchanged
83 LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 260,654260.7k $14.1m $14.1m 0.02% Unchanged
84 Harding Loevner LP 0.12% of their portfolio Bridgewater, NJ 253,039253.0k $13.7m $13.7m 0.12% Added +95.3k +95,340
85 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 242,200242.2k $13.1m $13.1m 0.01% Reduced -140.0k -139,959
86 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 217,155217.2k $11.7m $11.7m 0.01% Added +9.7k +9,730
87 DUMAC, INC. 1.68% of their portfolio DURHAM, NC 201,973202.0k $10.9m $10.9m 1.68% First filing
88 AIA Group Ltd 0.16% of their portfolio HONG KONG, K3 201,835201.8k $10.9m $10.9m 0.16% Unchanged
89 New Vernon Capital Holdings II LLC 5.03% of their portfolio Morristown, NJ 196,459196.5k $10.6m $10.6m 5.03% Unchanged
90 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 194,512194.5k $10.5m $10.5m 0.02% Reduced -10.1k -10,138
91 CITY OF LONDON INVESTMENT MANAGEMENT CO LTD 0.74% of their portfolio London, X0 183,073183.1k $9.9m $9.9m 0.74% Reduced -110.2k -110,196
92 Pekin Hardy Strauss, Inc. 0.91% of their portfolio CHICAGO, IL 181,138181.1k $9.8m $9.8m 0.91% Added +85.0k +84,961
93 Stratos Wealth Advisors, LLC 0.47% of their portfolio BEACHWOOD, OH 179,544179.5k $9.7m $9.7m 0.47% Added +11.4k +11,434
94 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 178,593178.6k $9.7m $9.7m 0.01% Reduced -85.4k -85,383
95 Randolph Co Inc 0.91% of their portfolio Cincinnati, OH 175,306175.3k $9.5m $9.5m 0.91% Added +2.4k +2,368
96 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 171,716171.7k $9.3m $9.3m 0.01% Added +72.0k +71,985
97 SPINNAKER TRUST 0.49% of their portfolio PORTLAND, ME 168,025168.0k $9.1m $9.1m 0.49% Reduced -100 -100
98 Vestcor Inc 0.26% of their portfolio FREDERICTON, A3 166,364166.4k $9.0m $9.0m 0.26% Reduced -68.9k -68,900
99 EXCHANGE TRADED CONCEPTS, LLC 0.07% of their portfolio Oklahoma City, OK 164,736164.7k $8.9m $8.9m 0.07% New
100 Horizon Investments, LLC 0.11% of their portfolio Charlotte, NC 164,736164.7k $8.9m $8.9m 0.11% New