Vault-13

ISHARES TR HDV

CORE HIGH DV ETF · ETP · CUSIP 46429B663

762 institutional holders -18 vs Q1 2025
40,913,11740.9m shares reported held*
$4.8bnreported value*
40 new 280 added 259 reduced 57 sold out net bought ≈ $55.6m (+288.6k 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 ($11.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $117.26. Options: 4 managers hold calls ($101.5m notional), 2 hold puts ($1.6m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 711Q4 22: 752Q1 23: 722Q2 23: 717Q3 23: 706Q4 23: 730Q1 24: 717Q2 24: 710Q3 24: 740Q4 24: 782Q1 25: 780Q2 25: 762762Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022711
Q4 2022752
Q1 2023722
Q2 2023717
Q3 2023706
Q4 2023730
Q1 2024717
Q2 2024710
Q3 2024740
Q4 2024782
Q1 2025780
Q2 2025762

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 206 bought or addedQ3 23: 355 cut or sold outQ4 23: 267 bought or addedQ4 23: 350 cut or sold outQ4 23Q1 24: 294 bought or addedQ1 24: 335 cut or sold outQ2 24: 274 bought or addedQ2 24: 314 cut or sold outQ2 24Q3 24: 347 bought or addedQ3 24: 265 cut or sold outQ4 24: 299 bought or addedQ4 24: 323 cut or sold outQ4 24Q1 25: 327 bought or addedQ1 25: 324 cut or sold outQ2 25: 320 bought or addedQ2 25: 316 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023206355
Q4 2023267350
Q1 2024294335
Q2 2024274314
Q3 2024347265
Q4 2024299323
Q1 2025327324
Q2 2025320316

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 24 calls: $96.7mQ3 24 puts: $6.6mQ3 24P/C 0.07Q4 24 calls: $10.3mQ4 24 puts: $1.4mQ4 24P/C 0.13Q1 25 calls: $105.9mQ1 25 puts: $1.4mQ1 25P/C 0.01Q2 25 calls: $101.5mQ2 25 puts: $1.6mQ2 25P/C 0.02
Numbers
QuarterCallsPutsP/C
Q3 2024$96.7m$6.6m0.07
Q4 2024$10.3m$1.4m0.13
Q1 2025$105.9m$1.4m0.01
Q2 2025$101.5m$1.6m0.02

Biggest buyers

ROYAL BANK OF CANADA Added +1,220,824+1.2m
LPL Financial LLC Added +281,719+281.7k
Rockefeller Capital Management L.P. Added +204,065+204.1k
JONES FINANCIAL COMPANIES LLLP Added +178,378+178.4k
BANK OF AMERICA CORP /DE/ Added +155,098+155.1k
CWM, LLC Added +106,917+106.9k
Capital Advisors Wealth Management, LLC Added +92,273+92.3k
MORGAN STANLEY Added +67,566+67.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +67,007+67.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +62,189+62.2k

Biggest sellers

CSM Advisors, LLC Sold out -461,800-461.8k
Piedmont Capital Management, LLC Sold out -333,398-333.4k
Auto-Owners Insurance Co Reduced -264,460-264.5k
PRUDENTIAL PLC Sold out -225,400-225.4k
Thrivent Financial for Lutherans Reduced -180,306-180.3k
Angeles Investment Advisors, LLC Sold out -164,000-164.0k
Valeo Financial Advisors, LLC Reduced -155,006-155.0k
Allianz Asset Management GmbH Sold out -97,400-97.4k
SYKON CAPITAL LLC Sold out -74,026-74.0k
SECURIAN ASSET MANAGEMENT, INC Reduced -64,000-64.0k

Biggest calls

CITADEL ADVISORS LLC Added $83.8m715.0k shares
JANE STREET GROUP, LLC Reduced $9.4m80.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $7.5m64.4k shares
WOLVERINE TRADING, LLC Added $770.2k6.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.4m11.7k shares
CITADEL ADVISORS LLC Reduced $269.5k2.3k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 4,501,8714.5m $527.5m $527.5m 0.04% Added +155.1k +155,098
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,299,7663.3m $386.6m $386.6m 0.03% Added +67.6k +67,566
3 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 2,763,3142.8m $323.8m $323.8m 0.11% Added +281.7k +281,719
4 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 2,367,2242.4m $277.4m $277.4m 0.03% Added +1.2m +1,220,824
5 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,419,3701.4m $166.3m $166.3m 0.03% Reduced -7.4k -7,403
6 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,282,1111.3m $150.2m $150.2m 0.03% Added +5.2k +5,208
7 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,203,6611.2m $141.0m $141.0m 0.01% Added +43.9k +43,852
8 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 918,491918.5k $107.6m $107.6m 0.04% Reduced -63.0k -62,962
9 COMMONWEALTH EQUITY SERVICES, LLC 0.13% of their portfolio WALTHAM, MA 837,859837.9k $98.2m $98.2m 0.13% Added +46.4k +46,414
10 Janney Montgomery Scott LLC 0.24% of their portfolio PHILADELPHIA, PA 778,605778.6k $91.2m $91.2m 0.24% Added +25.5k +25,519
11 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 770,855770.9k $90.3m $90.3m 0.03% Added +21.5k +21,454
12 SECURIAN ASSET MANAGEMENT, INC 2.55% of their portfolio ST PAUL, MN 763,802763.8k $89.5m $89.5m 2.55% Reduced -64.0k -64,000
13 M&T Bank Corp 0.30% of their portfolio BUFFALO, NY 742,387742.4k $87.0m $87.0m 0.30% Added +13.0k +12,971
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 663,655663.7k $77.8m $77.8m 0.00% Reduced -5.3k -5,299
15 JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio DES PERES, MO 653,620653.6k $76.3m $76.3m 0.06% Added +178.4k +178,378
16 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 637,677637.7k $74.6m $74.6m 0.02% Added +9.3k +9,324
17 TRUIST FINANCIAL CORP 0.11% of their portfolio CHARLOTTE, NC 636,410636.4k $74.6m $74.6m 0.11% Added +14.6k +14,571
18 FMR LLC 0.00% of their portfolio BOSTON, MA 525,759525.8k $61.6m $61.6m 0.00% Reduced -40.8k -40,756
19 LBMC INVESTMENT ADVISORS, LLC 3.83% of their portfolio BRENTWOOD, TN 458,651458.7k $53.7m $53.7m 3.83% Added +671 +671
20 Mariner, LLC 0.08% of their portfolio Overland Park, KS 454,551454.6k $53.3m $53.3m 0.08% Added +16.6k +16,598
21 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 400,622400.6k $46.9m $46.9m 0.05% Added +204.1k +204,065
22 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 359,978360.0k $42.2m $42.2m 0.07% Added +9.8k +9,756
23 Townsend & Associates, Inc 4.23% of their portfolio WESTMINSTER, CO 355,629355.6k $42.6m $42.6m 4.23% Reduced -17.5k -17,517
24 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 332,253332.3k $38.9m $38.9m 0.07% Reduced -8.3k -8,314
25 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 327,360327.4k $38.4m $38.4m 0.11% Added +23.8k +23,792
26 Steward Partners Investment Advisory, LLC 0.26% of their portfolio STAMFORD, CT 287,213287.2k $33.7m $33.7m 0.26% Added +7.5k +7,497
27 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 256,129256.1k $30.0m $30.0m 0.01% Reduced -10.8k -10,838
28 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.05% of their portfolio PLYMOUTH, MN 249,621249.6k $29.8m $29.8m 0.05% Reduced -10.0k -10,047
29 SBI Securities Co., Ltd. 0.82% of their portfolio TOKYO, M0 242,909242.9k $28.5m $28.5m 0.82% Reduced -804 -804
30 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 236,618236.6k $27.7m $27.7m 0.02% Added +67.0k +67,007
31 REGIMEN WEALTH, LLC 8.29% of their portfolio ATLANTA, GA 227,877227.9k $26.7m $26.7m 8.29% Reduced -35.5k -35,465
32 Simmons Bank 1.68% of their portfolio Pine Bluff, AR 200,913200.9k $23.5m $23.5m 1.68% Reduced -5.0k -5,045
33 Wharton Business Group, LLC 0.97% of their portfolio MALVERN, PA 195,333195.3k $22.9m $22.9m 0.97% Added +24.5k +24,506
34 DAVENPORT & Co LLC 0.12% of their portfolio RICHMOND, VA 186,193186.2k $21.8m $21.8m 0.12% Added +30.9k +30,875
35 CWM, LLC 0.08% of their portfolio OMAHA, NE 182,691182.7k $21.4m $21.4m 0.08% Added +106.9k +106,917
36 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 181,909181.9k $21.3m $21.3m 0.02% Reduced -20.1k -20,101
37 Waverly Advisors, LLC 0.23% of their portfolio BIRMINGHAM, AL 175,512175.5k $20.6m $20.6m 0.23% Reduced -318 -318
38 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 173,111173.1k $20.3m $20.3m 0.10% Added +29.1k +29,084
39 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 172,257172.3k $20.2m $20.2m 0.02% Added +6.2k +6,176
40 VAUGHAN & Co SECURITIES, INC. 11.26% of their portfolio Ridgewood, NJ 167,532167.5k $19.6m $19.6m 11.26% Added +6.2k +6,250
41 Meiji Yasuda Life Insurance Co 0.58% of their portfolio TOKYO, M0 166,097166.1k $19.5m $19.5m 0.58% Unchanged
42 HB Wealth Management, LLC 0.15% of their portfolio Atlanta, GA 160,896160.9k $18.9m $18.9m 0.15% Added +353 +353
43 COMERICA BANK 0.07% of their portfolio DALLAS, TX 159,974160.0k $18.7m $18.7m 0.07% Reduced -8.4k -8,433
44 Kohmann Bosshard Financial Services, LLC 2.08% of their portfolio FAIRLAWN, OH 158,884158.9k $18.6m $18.6m 2.08% Added +5.5k +5,520
45 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 156,934156.9k $18.4m $18.4m 0.06% Added +530 +530
46 SWEENEY & MICHEL, LLC 6.29% of their portfolio CHICO, CA 147,755147.8k $17.7m $17.7m 6.29% Added +6.0k +6,019
47 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 143,051143.1k $16.8m $16.8m 0.00% Added +39.4k +39,372
48 Advisory Services Network, LLC 0.27% of their portfolio ATLANTA, GA 141,620141.6k $16.8m $16.8m 0.27% Added +22.0k +21,970
49 AVANTAX ADVISORY SERVICES, INC. 0.09% of their portfolio DALLAS, TX 138,386138.4k $16.2m $16.2m 0.09% Added +12.8k +12,751
50 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 129,401129.4k $15.2m $15.2m 0.02% Added +80 +80
51 Columbia River Financial Group, LLC 8.90% of their portfolio VANCOUVER, WA 115,531115.5k $13.8m $13.8m 8.90% Added +6.8k +6,788
52 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 106,093106.1k $12.4m $12.4m 0.03% Reduced -1.8k -1,846
53 Capital Advisors Wealth Management, LLC 1.92% of their portfolio YAKIMA, WA 104,075104.1k $12.2m $12.2m 1.92% Added +92.3k +92,273
54 Lantz Financial LLC 3.00% of their portfolio NAPERVILLE, IL 102,663102.7k $12.0m $12.0m 3.00% Added +2.0k +2,036
55 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 101,266101.3k $11.9m $11.9m 0.06% Reduced -14 -14
56 Kapstone Financial Advisors LLC 5.83% of their portfolio LEBANON, OH 99,75199.8k $11.7m $11.7m 5.83% Reduced -3.1k -3,126
57 Graypoint LLC 0.65% of their portfolio Albany, NY 98,87698.9k $11.6m $11.6m 0.65% Added +5.9k +5,895
58 Global Strategic Investment Solutions, LLC 1.18% of their portfolio Scottsdale, AZ 94,18694.2k $11.0m $11.0m 1.18% Reduced -2.4k -2,379
59 Wealthspire Advisors, LLC 0.06% of their portfolio NEW YORK, NY 92,38092.4k $10.8m $10.8m 0.06% Added +2.5k +2,470
60 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 91,85691.9k $10.8m $10.8m 0.02% Reduced -531 -531
61 Atria Investments, Inc 0.13% of their portfolio Charlotte, NC 90,43290.4k $10.6m $10.6m 0.13% Reduced -1.3k -1,267
62 NTV Asset Management LLC 1.26% of their portfolio Charleston, WV 90,07690.1k $10.6m $10.6m 1.26% Added +1.8k +1,751
63 Orion Porfolio Solutions, LLC 0.09% of their portfolio OMAHA, NE 89,88289.9k $10.5m $10.5m 0.09% Reduced -3.0k -3,003
64 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.02% of their portfolio LOS ANGELES, CA 88,50388.5k $10.4m $10.4m 0.02% Reduced -171 -171
65 Glenmede Investment Management, LP 0.05% of their portfolio PHILADELPHIA, PA 85,73185.7k $10.0m $10.0m 0.05% First filing
66 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 1.72% of their portfolio FORT WORTH, TX 85,36485.4k $10.0m $10.0m 1.72% Reduced -47.8k -47,750
67 FAS Wealth Partners, Inc. 0.73% of their portfolio LEAWOOD, KS 83,84983.8k $9.8m $9.8m 0.73% Added +447 +447
68 Beaumont Financial Advisors, LLC 0.68% of their portfolio NEEDHAM, MA 79,88679.9k $9.4m $9.4m 0.68% Reduced -135 -135
69 Gallagher Fiduciary Advisors, LLC 0.35% of their portfolio ROLLING MEADOWS, IL 76,47776.5k $9.0m $9.0m 0.35% Reduced -207 -207
70 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 76,45376.5k $9.0m $9.0m 0.05% Added +2.3k +2,258
71 PFG Advisors 0.41% of their portfolio Phoenix, AZ 75,85275.9k $8.9m $8.9m 0.41% Added +13.0k +12,969
72 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 73,67873.7k $8.6m $8.6m 0.01% Added +62.2k +62,189
73 Base Wealth Management LLC 5.51% of their portfolio LAKEWOOD RANCH, FL 73,33873.3k $8.6m $8.6m 5.51% Added +5.6k +5,622
74 COURIER CAPITAL LLC 0.52% of their portfolio BUFFALO, NY 72,80572.8k $8.5m $8.5m 0.52% Added +11.4k +11,433
75 Financial Perspectives, Inc 2.55% of their portfolio MINNEAPOLIS, MN 71,85271.9k $8.4m $8.4m 2.55% Added +1.2k +1,180
76 IFP Advisors, Inc 0.24% of their portfolio TAMPA, FL 70,82270.8k $8.3m $8.3m 0.24% Reduced -853 -853
77 REGIONS FINANCIAL CORP 0.06% of their portfolio BIRMINGHAM, AL 69,84069.8k $8.2m $8.2m 0.06% Added +385 +385
78 Smithfield Trust Co 0.37% of their portfolio PITTSBURGH, PA 67,47367.5k $7.9m $7.9m 0.37% Added +1.5k +1,547
79 Advus Financial Partners, LLC 1.97% of their portfolio WINTER PARK, FL 65,87065.9k $7.7m $7.7m 1.97% Reduced -1.3k -1,268
80 Gunma Bank,Ltd. 2.49% of their portfolio GUNMA, M0 65,00065.0k $7.6m $7.6m 2.49% Reduced -10.0k -10,000
81 CITIZENS FINANCIAL GROUP INC/RI 0.12% of their portfolio PROVIDENCE, RI 63,00963.0k $7.4m $7.4m 0.12% Reduced -1.7k -1,660
82 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 57,42057.4k $6.7m $6.7m 0.00% Reduced -19.1k -19,116
83 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 55,92255.9k $6.6m $6.6m 0.00% Reduced -593 -593
84 LEVEL FOUR ADVISORY SERVICES, LLC 0.24% of their portfolio DALLAS, TX 55,11755.1k $6.5m $6.5m 0.24% Added +62 +62
85 Sigma Planning Corp 0.19% of their portfolio ANN ARBOR, MI 54,81254.8k $6.4m $6.4m 0.19% Reduced -4.0k -3,973
86 COWA, LLC 2.43% of their portfolio Tulsa, OK 54,38254.4k $6.4m $6.4m 2.43% Reduced -4 -4
87 MJP ASSOCIATES INC /ADV 0.94% of their portfolio FARMINGTON, CT 53,95254.0k $6.3m $6.3m 0.94% Added +3.2k +3,152
88 Advisor OS, LLC 0.61% of their portfolio CHICAGO, IL 53,15853.2k $6.2m $6.2m 0.61% Added +1.5k +1,535
89 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 51,24151.2k $6.0m $6.0m 0.00% Added +5.6k +5,647
90 Global Retirement Partners, LLC 0.15% of their portfolio San Rafael, CA 50,92250.9k $6.0m $6.0m 0.15% First filing
91 Maltin Wealth Management, Inc. 2.68% of their portfolio RIDGEWOOD, NJ 50,87550.9k $6.0m $6.0m 2.68% Added +5.2k +5,238
92 OLD NATIONAL BANCORP /IN/ 0.11% of their portfolio EVANSVILLE, IN 50,46250.5k $5.9m $5.9m 0.11% Reduced -231 -231
93 Kentucky Farm Bureau Mutual Insurance Co 1.25% of their portfolio LOUISVILLE, KY 50,00050.0k $5.9m $5.9m 1.25% Unchanged
94 Gray Private Wealth, LLC 3.10% of their portfolio CANTON, MA 49,23949.2k $5.8m $5.8m 3.10% Added +1.8k +1,811
95 Summit Wealth Partners, LLC 1.09% of their portfolio Orlando, FL 48,68948.7k $5.7m $5.7m 1.09% Added +5.1k +5,139
96 FLAGSHIP HARBOR ADVISORS, LLC 0.27% of their portfolio BOSTON, MA 47,77247.8k $5.6m $5.6m 0.27% Added +34.2k +34,179
97 Foundry Financial Group, Inc. 3.05% of their portfolio LACONIA, NH 45,70445.7k $5.4m $5.4m 3.05% Added +517 +517
98 SteelPeak Wealth, LLC 0.21% of their portfolio WOODLAND HILLS, CA 45,11945.1k $5.3m $5.3m 0.21% New
99 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 44,40044.4k $5.2m $5.2m 0.06% Added +36.8k +36,766
100 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 43,67143.7k $5.1m $5.1m 0.01% Added +1.4k +1,406