Vault-13

ISHARES TR SMIN

MSCI INDIA SM CP · ETP · CUSIP 46429B614

137 institutional holders -18 vs Q4 2024
7,477,5037.5m shares reported held*
$509.5mreported value*
22 new 42 added 44 reduced 41 sold out net sold ≈ $10.6m (-158.8k 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 ($381.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $68.14. Options: 2 managers hold calls ($2.0m notional), 3 hold puts ($531.1k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 66Q4 22: 69Q1 23: 65Q2 23: 66Q3 23: 82Q4 23: 121Q1 24: 140Q2 24: 153Q3 24: 161Q4 24: 155Q1 25: 137137Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202266
Q4 202269
Q1 202365
Q2 202366
Q3 202382
Q4 2023121
Q1 2024140
Q2 2024153
Q3 2024161
Q4 2024155
Q1 2025137

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 28 bought or addedQ2 23: 28 cut or sold outQ3 23: 48 bought or addedQ3 23: 15 cut or sold outQ3 23Q4 23: 76 bought or addedQ4 23: 32 cut or sold outQ1 24: 94 bought or addedQ1 24: 46 cut or sold outQ1 24Q2 24: 88 bought or addedQ2 24: 46 cut or sold outQ3 24: 84 bought or addedQ3 24: 60 cut or sold outQ3 24Q4 24: 72 bought or addedQ4 24: 78 cut or sold outQ1 25: 64 bought or addedQ1 25: 85 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20232828
Q3 20234815
Q4 20237632
Q1 20249446
Q2 20248846
Q3 20248460
Q4 20247278
Q1 20256485

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 24 calls: $291.2kQ2 24 puts: $913.9kQ2 24P/C 3.14Q3 24 calls: $1.1mQ3 24 puts: $31.1mQ3 24P/C 27.85Q4 24 calls: $955.6kQ4 24 puts: $1.9mQ4 24P/C 1.99Q1 25 calls: $2.0mQ1 25 puts: $531.1kQ1 25P/C 0.27
Numbers
QuarterCallsPutsP/C
Q2 2024$291.2k$913.9k3.14
Q3 2024$1.1m$31.1m27.85
Q4 2024$955.6k$1.9m1.99
Q1 2025$2.0m$531.1k0.27

Biggest buyers

ALLIANCEBERNSTEIN L.P. Added +713,061+713.1k
GOLDMAN SACHS GROUP INC Added +280,891+280.9k
MORGAN STANLEY Added +222,587+222.6k
Driehaus Capital Management LLC New +217,174+217.2k
MILLENNIUM MANAGEMENT LLC New +83,181+83.2k
LPL Financial LLC Added +58,364+58.4k
BlackRock, Inc. Added +50,000+50.0k
Police & Firemen's Retirement System of New Jersey Added +50,000+50.0k
Concord Wealth Partners New +49,274+49.3k
Concord Asset Management, LLC/VA New +46,073+46.1k

Biggest sellers

JENNISON ASSOCIATES LLC Sold out -668,286-668.3k
FFG Partners, LLC Sold out -171,770-171.8k
JANE STREET GROUP, LLC Reduced -169,584-169.6k
Adams Wealth Management Sold out -120,900-120.9k
CacheTech Inc. Sold out -120,900-120.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -118,510-118.5k
Kera Capital Partners, Inc. Sold out -108,364-108.4k
BANK OF AMERICA CORP /DE/ Reduced -84,008-84.0k
Calamos Advisors LLC Sold out -75,273-75.3k
Main Management ETF Advisors, LLC Sold out -49,600-49.6k

Biggest calls

CITADEL ADVISORS LLC Added $1.1m16.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $871.6k12.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $408.5k6.0k shares
CITADEL ADVISORS LLC Reduced $122.6k1.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 945,246945.2k $64.4m $64.4m 0.02% Added +713.1k +713,061
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 814,951815.0k $55.5m $55.5m 0.00% Added +222.6k +222,587
3 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 737,730737.7k $50.2m $50.2m 0.01% Added +14.5k +14,532
4 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 684,319684.3k $46.6m $46.6m 0.01% Added +280.9k +280,891
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 386,261386.3k $26.3m $26.3m 0.00% Reduced -84.0k -84,008
6 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 378,261378.3k $25.8m $25.8m 0.05% Reduced -169.6k -169,584
7 State of New Jersey Common Pension Fund D 0.08% of their portfolio TRENTON, NJ 256,399256.4k $17.5m $17.5m 0.08% Reduced -27.3k -27,295
8 Driehaus Capital Management LLC 0.14% of their portfolio Chicago, IL 217,174217.2k $14.8m $14.8m 0.14% New
9 UBS Group AG 0.00% of their portfolio ZURICH, V8 207,853207.9k $14.2m $14.2m 0.00% Reduced -32.6k -32,631
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 203,505203.5k $13.9m $13.9m 0.01% Added +38.4k +38,354
11 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 192,135192.1k $13.1m $13.1m 0.01% Added +58.4k +58,364
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 165,000165.0k $11.2m $11.2m 0.00% Added +50.0k +50,000
13 Police & Firemen's Retirement System of New Jersey 0.11% of their portfolio TRENTON, NJ 165,000165.0k $11.2m $11.2m 0.11% Added +50.0k +50,000
14 Nipun Capital, L.P. 6.14% of their portfolio Foster City, CA 153,854153.9k $10.5m $10.5m 6.14% Unchanged
15 Randolph Co Inc 1.09% of their portfolio Cincinnati, OH 137,029137.0k $9.3m $9.3m 1.09% Reduced -1.4k -1,400
16 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 106,864106.9k $7.3m $7.3m 0.00% Added +18.0k +17,988
17 Hillsdale Investment Management Inc. 0.35% of their portfolio Toronto, A6 101,700101.7k $6.9m $6.9m 0.35% Added +39.6k +39,600
18 Crumly & Associates Inc. 1.75% of their portfolio SPRINGFIELD, IL 93,31893.3k $6.4m $6.4m 1.75% Added +17.1k +17,128
19 Mainsail Financial Group, LLC 3.32% of their portfolio BELLEVUE, WA 86,11386.1k $5.9m $5.9m 3.32% Added +8.1k +8,136
20 CAUSEWAY CAPITAL MANAGEMENT LLC 0.12% of their portfolio LOS ANGELES, CA 84,76584.8k $5.8m $5.8m 0.12% Reduced -36.1k -36,112
21 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 83,18183.2k $5.7m $5.7m 0.01% New
22 OLD MISSION CAPITAL LLC 0.11% of their portfolio CHICAGO, IL 81,16181.2k $5.5m $5.5m 0.11% Reduced -27.4k -27,424
23 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 62,71062.7k $4.3m $4.3m 0.00% Reduced -8.6k -8,597
24 SHELL ASSET MANAGEMENT CO 0.16% of their portfolio THE HAGUE, P7 50,85250.9k $3.5m $3.5m 0.16% Added +196 +196
25 Concord Wealth Partners 0.55% of their portfolio ABINGDON, VA 49,27449.3k $3.4m $3.4m 0.55% New
26 Leibman Financial Services, Inc. 2.46% of their portfolio LOUISVILLE, NE 46,55246.6k $3.2m $3.2m 2.46% Added +8.7k +8,742
27 Concord Asset Management, LLC/VA 0.72% of their portfolio ABINGDON, VA 46,07346.1k $3.2m $3.2m 0.72% New
28 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 43,11943.1k $2.9m $2.9m 0.00% Reduced -34.4k -34,417
29 Highland Financial Advisors, LLC 0.91% of their portfolio WAYNE, NJ 37,41437.4k $2.5m $2.5m 0.91% Added +6.2k +6,214
30 626 Financial, LLC 1.25% of their portfolio PORTAGE, MI 35,60135.6k $2.4m $2.4m 1.25% Added +1.9k +1,874
31 Patriot Financial Group Insurance Agency, LLC 0.30% of their portfolio Westborough, MA 32,79432.8k $2.2m $2.2m 0.30% New
32 Legal & General Group Plc 0.00% of their portfolio London, X0 32,45032.5k $2.2m $2.2m 0.00% Reduced -10.0k -10,000
33 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 32,28932.3k $2.2m $2.2m 0.00% Reduced -1.5k -1,512
34 Federation des caisses Desjardins du Quebec 0.01% of their portfolio LEVIS, A8 31,07731.1k $2.1m $2.1m 0.01% Added +25.2k +25,226
35 WASATCH ADVISORS LP 0.01% of their portfolio SALT LAKE CITY, UT 29,91429.9k $2.0m $2.0m 0.01% Unchanged
36 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 26,58226.6k $1.9m $1.9m 0.01% Added +16.4k +16,388
37 MANNING & NAPIER ADVISORS LLC 0.02% of their portfolio Fairport, NY 24,33124.3k $1.7m $1.7m 0.02% Reduced -1.8k -1,825
38 ERn Financial, LLC 0.24% of their portfolio MIDDLETON, WI 22,74022.7k $1.5m $1.5m 0.24% Added +1.3k +1,269
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 22,56722.6k $1.5m $1.5m 0.00% Reduced -3.5k -3,458
40 Aberdeen Group plc 0.00% of their portfolio EDINBURGH, X0 21,70021.7k $1.5m $1.5m 0.00% New
41 Banco BTG Pactual S.A. 0.36% of their portfolio RIO DE JANEIRO, D5 21,00021.0k $1.4m $1.4m 0.36% New
42 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 20,59120.6k $1.4m $1.4m 0.00% Added +221 +221
43 ADVISORS MANAGEMENT GROUP INC /ADV 0.30% of their portfolio LA CROSSE, WI 20,08420.1k $1.4m $1.4m 0.30% Added +5.2k +5,218
44 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 20,01620.0k $1.4m $1.4m 0.01% Reduced -1.8k -1,843
45 Proficio Capital Partners LLC 0.12% of their portfolio NEWTON, MA 20,00020.0k $1.5m $1.5m 0.12% Reduced -4.7k -4,685
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,17419.2k $1.3m $1.3m 0.00% Reduced -118.5k -118,510
47 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 18,88418.9k $1.3m $1.3m 0.00% New
48 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 18,87818.9k $1.3m $1.3m 0.00% Reduced -868 -868
49 DHK Financial Advisors, Inc. 0.64% of their portfolio PORTSMOUTH, NH 17,10217.1k $1.2m $1.2m 0.64% Unchanged
50 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 16,72816.7k $1.1m $1.1m 0.00% Reduced -2.5k -2,450
51 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 16,38816.4k $1.1m $1.1m 0.01% Added +6.2k +6,194
52 Channing Global Advisors, LLC 0.72% of their portfolio Miami, FL 15,55215.6k $1.1m $1.1m 0.72% Added +2.7k +2,736
53 Banque Cantonale Vaudoise 0.05% of their portfolio LAUSANNE, V8 15,00015.0k $1.0m $1.0m 0.05% First filing
54 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 14,00614.0k $953.7k $953.7k 0.00% Reduced -2.1k -2,067
55 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 12,65312.7k $861.5k $861.5k 0.00% New
56 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 12,08912.1k $823.2k $823.2k 0.00% New
57 Belpointe Asset Management LLC 0.04% of their portfolio RENO, NV 11,93711.9k $812.9k $812.9k 0.04% Reduced -9.1k -9,086
58 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 11,89611.9k $810.1k $810.1k 0.00% Added +1.8k +1,758
59 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio CHICAGO, IL 11,79211.8k $802.9k $802.9k 0.00% Reduced -4.9k -4,858
60 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 11,46011.5k $780.3k $780.3k 0.00% Reduced -8.0k -7,991
61 Lingohr Asset Management GmbH 0.19% of their portfolio DUESSELDORF, 2M 11,00011.0k $749.0k $749.0k 0.19% Added +1.3k +1,300
62 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 10,82810.8k $737.0k $737.0k 0.00% Reduced -1.2k -1,213
63 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 10,53210.5k $717.1k $717.1k 0.00% Unchanged
64 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 9,7289.7k $662.5k $662.5k 0.00% Added +3.8k +3,799
65 Bryn Mawr Trust Advisors, LLC 0.04% of their portfolio PHILADELPHIA, PA 9,1679.2k $624.2k $624.2k 0.04% Reduced -1 -1
66 LOOMIS SAYLES & CO L P 0.00% of their portfolio BOSTON, MA 8,8698.9k $604.0k $604.0k 0.00% Reduced -2.5k -2,548
67 CALTON & ASSOCIATES, INC. 0.14% of their portfolio Tampa, FL 8,8118.8k $600.0k $600.0k 0.14% Added +4.7k +4,743
68 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 8,3018.3k $565.2k $565.2k 0.00% Added +2.4k +2,370
69 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 8,2858.3k $564.2k $564.2k 0.00% Added +390 +390
70 Henshaw Capital LLC 0.02% of their portfolio WOBURN, MA 8,1008.1k $551.5k $551.5k 0.02% Added +3.3k +3,336
71 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 7,6687.7k $522.0k $522.0k 0.00% Added +1.0k +1,013
72 Texas Yale Capital Corp. 0.02% of their portfolio ST. PETERSBURG, FL 7,6457.6k $520.5k $520.5k 0.02% New
73 Perennial Investment Advisors, LLC 0.06% of their portfolio Los Angeles, CA 7,6207.6k $518.8k $518.8k 0.06% Reduced -4.9k -4,867
74 Blue Trust, Inc. 0.01% of their portfolio BRENTWOOD, TN 6,0256.0k $410.2k $410.2k 0.01% Added +3.1k +3,110
75 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 5,8445.8k $397.9k $397.9k 0.00% Reduced -25.6k -25,613
76 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 5,5955.6k $381.0k $381.0k 0.00% Added +1.2k +1,207
77 GHP Investment Advisors, Inc. 0.02% of their portfolio Denver, CO 5,5655.6k $378.9k $378.9k 0.02% Unchanged
78 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 5,4985.5k $375.0k $375.0k 0.00% Reduced -13.4k -13,410
79 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,4085.4k $368.2k $368.2k 0.00% Reduced -8.7k -8,706
80 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,3305.3k $362.9k $362.9k 0.00% Unchanged
81 CAPITAL MANAGEMENT CORP /VA 0.06% of their portfolio GLEN ALLEN, VA 5,2005.2k $354.1k $354.1k 0.06% Unchanged
82 Knollwood Investment Advisory, LLC 0.04% of their portfolio HUNT VALLEY, MD 5,0005.0k $340.4k $340.4k 0.04% Unchanged
83 GOULD ASSET MANAGEMENT LLC /CA/ 0.07% of their portfolio CLAREMONT, CA 4,9304.9k $335.7k $335.7k 0.07% Unchanged
84 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 4,8544.9k $330.5k $330.5k 0.00% Reduced -3.9k -3,921
85 Grey Ledge Advisors, LLC 0.09% of their portfolio GUILFORD, CT 4,8064.8k $327.2k $327.2k 0.09% Unchanged
86 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,7894.8k $326.1k $326.1k 0.00% Added +451 +451
87 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 4,0874.1k $278.0k $278.0k 0.00% New
88 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 4,0174.0k $273.5k $273.5k 0.00% Unchanged
89 Elm3 Financial Group, LLC 0.23% of their portfolio ALPHARETTA, GA 3,8423.8k $261.6k $261.6k 0.23% Reduced -1.7k -1,654
90 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 3,4573.5k $235.4k $235.4k 0.00% New
91 SAX WEALTH ADVISORS, LLC 0.01% of their portfolio PARSIPPANY, NJ 2,9863.0k $203.3k $203.3k 0.01% Unchanged
92 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 2,8112.8k $191.4k $191.4k 0.00% Reduced -4.3k -4,300
93 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,7772.8k $189.1k $189.1k 0.00% New
94 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,6692.7k $181.8k $181.8k 0.00% Reduced -1.8k -1,794
95 THOMPSON INVESTMENT MANAGEMENT, INC. 0.02% of their portfolio MADISON, WI 2,0032.0k $136.4k $136.4k 0.02% Unchanged
96 FMR LLC 0.00% of their portfolio BOSTON, MA 1,8821.9k $128.1k $128.1k 0.00% Added +398 +398
97 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,5001.5k $102.1k $102.1k 0.00% Reduced -100 -100
98 Glass Jacobson Investment Advisors llc 0.04% of their portfolio OWINGS MILLS, MD 1,4391.4k $110.0k $110.0k 0.04% Unchanged
99 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,3451.3k $90.2k $90.2k 0.00% Unchanged
100 HARBOR INVESTMENT ADVISORY, LLC 0.01% of their portfolio LUTHERVILLE, MD 1,0131.0k $69.0k $69.0k 0.01% Reduced -3.2k -3,200