Vault-13

ISHARES TR USMV

MSCI USA MIN VOL · ETP · CUSIP 46429B697

1,158 institutional holders +92 vs Q3 2022
310,899,363310.9m shares reported held*
$22.4bnreported value*
77 new 405 added 454 reduced 56 sold out net bought ≈ $533.2m (-128.9k 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 ($37.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.11. Options: 2 managers hold calls ($2.3m notional), 2 hold puts ($3.4m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,066Q4 22: 1,1581,158Q3 22Q4 22
Numbers
QuarterHolders
Q3 20221,066
Q4 20221,158

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $2.2mQ3 22 puts: $212.0kQ3 22P/C 0.10Q4 22 calls: $2.3mQ4 22 puts: $3.4mQ4 22P/C 1.49
Numbers
QuarterCallsPutsP/C
Q3 2022$2.2m$212.0k0.10
Q4 2022$2.3m$3.4m1.49

Biggest buyers

Alaska Permanent Fund Corp New +3,257,078+3.3m
ALLSTATE CORP Added +2,850,000+2.9m
FMR LLC Added +1,482,219+1.5m
JPMORGAN CHASE & CO Added +1,396,259+1.4m
MORGAN STANLEY Added +1,111,338+1.1m
CAPTRUST FINANCIAL ADVISORS Added +913,053+913.1k
CAPSTONE INVESTMENT ADVISORS, LLC New +643,380+643.4k
Advocacy Wealth Management, LLC Added +578,711+578.7k
MERCER GLOBAL ADVISORS INC /ADV Added +555,944+555.9k
FIRST CITIZENS BANK & TRUST CO Added +542,516+542.5k

Biggest sellers

CFS Investment Advisory Services, LLC Reduced -7,405,819-7.4m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,386,301-2.4m
OSAIC HOLDINGS, INC. Reduced -1,872,604-1.9m
Clark Capital Management Group, Inc. Sold out -1,490,823-1.5m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -705,931-705.9k
BANK OF AMERICA CORP /DE/ Reduced -568,581-568.6k
TWO SIGMA ADVISERS, LP Reduced -521,100-521.1k
Orion Portfolio Solutions, LLC Reduced -479,235-479.2k
RAYMOND JAMES & ASSOCIATES Reduced -462,795-462.8k
Cerity Partners OCIO LLC Reduced -273,100-273.1k

Biggest calls

CITADEL ADVISORS LLC Reduced $1.6m21.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $735.4k10.2k shares

Biggest puts

CITADEL ADVISORS LLC Added $3.4m46.5k shares
UBS Group AG New $50.5k700 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
FMR LLC 13G · institution +1.3 pts · filed 2026-05-06 6.3% +1.3 pts 15.4m≈ $1.5bn 2026-05-06

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.36% of their portfolio CHARLOTTE, NC 40,185,20840.2m $2.9bn $2.9bn 0.36% Reduced -568.6k -568,581
2 RAYMOND JAMES & ASSOCIATES 2.07% of their portfolio ST PETERSBURG, FL 31,259,35131.3m $2.3bn $2.3bn 2.07% Reduced -462.8k -462,795
3 ENVESTNET ASSET MANAGEMENT INC 0.84% of their portfolio Berwyn, PA 22,631,26122.6m $1.6bn $1.6bn 0.84% Reduced -2.4m -2,386,301
4 FMR LLC 0.15% of their portfolio BOSTON, MA 20,504,95420.5m $1.5bn $1.5bn 0.15% Added +1.5m +1,482,219
5 MORGAN STANLEY 0.13% of their portfolio NEW YORK, NY 15,673,11215.7m $1.1bn $1.1bn 0.13% Added +1.1m +1,111,338
6 BlackRock Inc. 0.03% of their portfolio New York, NY 13,109,94413.1m $945.2m $945.2m 0.03% Added +121.7k +121,694
7 LPL Financial LLC 0.48% of their portfolio FORT MILL, SC 7,695,2807.7m $554.8m $554.8m 0.48% Reduced -219.3k -219,325
8 FIRST CITIZENS BANK & TRUST CO 11.93% of their portfolio RALEIGH, NC 5,460,6445.5m $393.7m $393.7m 11.93% Added +542.5k +542,516
9 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 5,147,2735.1m $371.1m $371.1m 0.12% Added +360.0k +359,978
10 UBS Group AG 0.17% of their portfolio ZURICH, V8 4,951,9005.0m $357.0m $357.0m 0.17% Added +91.8k +91,783
11 CAPTRUST FINANCIAL ADVISORS 1.73% of their portfolio RALEIGH, NC 4,771,9314.8m $344.1m $344.1m 1.73% Added +913.1k +913,053
12 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 4,764,5284.8m $344.9m $344.9m 0.12% Reduced -209.0k -208,956
13 Raymond James Financial Services Advisors, Inc. 0.64% of their portfolio ST. PETERSBURG, FL 4,433,3504.4m $319.6m $319.6m 0.64% Reduced -265.4k -265,420
14 ALLSTATE CORP 9.38% of their portfolio NORTHBROOK, IL 4,280,0004.3m $308.6m $308.6m 9.38% Added +2.9m +2,850,000
15 MERCER GLOBAL ADVISORS INC /ADV 1.53% of their portfolio DENVER, CO 4,249,1934.2m $306.4m $306.4m 1.53% Added +555.9k +555,944
16 PNC Financial Services Group, Inc. 0.27% of their portfolio Pittsburgh, PA 3,854,9993.9m $277.9m $277.9m 0.27% Added +4.4k +4,357
17 Alaska Permanent Fund Corp 3.83% of their portfolio JUNEAU, AK 3,257,0783.3m $234.8m $234.8m 3.83% New
18 COMMONWEALTH EQUITY SERVICES, LLC 0.54% of their portfolio WALTHAM, MA 3,125,0233.1m $225.3m $225.3m 0.54% Added +55.5k +55,540
19 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.33% of their portfolio MILWAUKEE, WI 3,021,1583.0m $217.8m $217.8m 0.33% Added +35.9k +35,946
20 CWM, LLC 1.54% of their portfolio OMAHA, NE 2,903,6902.9m $209.4m $209.4m 1.54% Reduced -91.4k -91,409
21 SEI INVESTMENTS CO 0.46% of their portfolio OAKS, PA 2,856,0652.9m $205.9m $205.9m 0.46% Reduced -31.9k -31,931
22 OSAIC HOLDINGS, INC. 0.40% of their portfolio SCOTTSDALE, AZ 2,738,0122.7m $197.5m $197.5m 0.40% Reduced -1.9m -1,872,604
23 Brookstone Capital Management 3.50% of their portfolio WHEATON, IL 2,353,8862.4m $172.9m $172.9m 3.50% Added +439.4k +439,370
24 SG Americas Securities, LLC 2.21% of their portfolio NEW YORK, NY 2,079,3912.1m $149.9m $149.9m 2.21% Added +301.5k +301,473
25 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 2,045,7452.0m $147.5m $147.5m 0.04% Reduced -3.6k -3,554
26 US BANCORP \DE\ 0.24% of their portfolio MINNEAPOLIS, MN 1,889,3931.9m $136.2m $136.2m 0.24% Added +12.1k +12,066
27 Allianz Asset Management GmbH 0.29% of their portfolio MUNICH, 2M 1,806,5771.8m $130.3m $130.3m 0.29% Reduced -39.0k -39,040
28 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,685,2471.7m $121.5m $121.5m 0.02% Added +1.4m +1,396,259
29 Mariner, LLC 0.39% of their portfolio Overland Park, KS 1,681,3651.7m $121.2m $121.2m 0.39% Added +178.6k +178,597
30 Cambridge Investment Research Advisors, Inc. 0.61% of their portfolio FAIRFIELD, IA 1,628,5821.6m $117.4m $117.4m 0.61% Reduced -9.5k -9,452
31 SECURIAN ASSET MANAGEMENT, INC 3.06% of their portfolio ST PAUL, MN 1,518,9311.5m $109.5m $109.5m 3.06% Reduced -37.4k -37,355
32 ASSETMARK, INC 0.46% of their portfolio CONCORD, CA 1,481,8101.5m $106.8m $106.8m 0.46% Added +152.0k +151,994
33 Cerity Partners OCIO LLC 3.33% of their portfolio New York, NY 1,438,0621.4m $103.7m $103.7m 3.33% Reduced -273.1k -273,100
34 MML INVESTORS SERVICES, LLC 0.65% of their portfolio SPRINGFIELD, MA 1,370,4591.4m $98.8m $98.8m 0.65% Added +85.3k +85,253
35 Cetera Advisors LLC 1.75% of their portfolio DENVER, CO 1,342,2151.3m $96.8m $96.8m 1.75% Added +11.9k +11,937
36 Janney Montgomery Scott LLC 0.36% of their portfolio PHILADELPHIA, PA 1,269,8711.3m $91.6m $91.6m 0.36% Reduced -8.6k -8,582
37 WADE G W & INC 3.31% of their portfolio Wellesley, MA 1,121,7631.1m $80.9m $80.9m 3.31% Added +224.0k +223,951
38 JOHNSON INVESTMENT COUNSEL INC 1.09% of their portfolio Cincinnati, OH 1,110,9071.1m $80.1m $80.1m 1.09% Reduced -34.6k -34,625
39 J.P. Morgan Private Wealth Advisors LLC 0.17% of their portfolio SAN FRANCISCO, CA 1,053,0731.1m $75.9m $75.9m 0.17% Added +164.3k +164,259
40 AJ WEALTH STRATEGIES, LLC 3.98% of their portfolio NEW YORK, NY 1,049,5071.0m $75.7m $75.7m 3.98% Reduced -228.1k -228,103
41 Financial Advisors, LLC 20.66% of their portfolio ANDOVER, MA 1,048,4361.0m $75.6m $75.6m 20.66% Added +5.8k +5,781
42 Integrated Wealth Concepts LLC 1.87% of their portfolio WALTHAM, MA 955,476955.5k $68.9m $68.9m 1.87% Added +23.6k +23,599
43 Symmetry Partners, LLC 3.83% of their portfolio GLASTONBURY, CT 897,930897.9k $64.7m $64.7m 3.83% Reduced -26.6k -26,648
44 PARK AVENUE SECURITIES LLC 1.11% of their portfolio NEW YORK, NY 863,840863.8k $62.3m $62.3m 1.11% Added +2.9k +2,930
45 Private Advisor Group, LLC 0.08% of their portfolio MORRISTOWN, NJ 757,823757.8k $2.8m $2.8m 0.08% Added +70.9k +70,895
46 Steward Partners Investment Advisory, LLC 0.87% of their portfolio STAMFORD, CT 709,261709.3k $51.1m $51.1m 0.87% Reduced -7.9k -7,925
47 Cetera Investment Advisers 0.46% of their portfolio SCHAUMBURG, IL 692,205692.2k $49.9m $49.9m 0.46% Added +418.6k +418,582
48 Wealth Advisors of Iowa, LLC 38.43% of their portfolio WEST DES MOINES, IA 652,073652.1k $47.0m $47.0m 38.43% Added +56.1k +56,083
49 Legacy Financial Advisors, Inc. 10.03% of their portfolio COVINGTON, KY 645,936645.9k $46.6m $46.6m 10.03% Reduced -32.0k -31,989
50 CAPSTONE INVESTMENT ADVISORS, LLC 1.22% of their portfolio NEW YORK, NY 643,380643.4k $46.4m $46.4m 1.22% New
51 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 640,696640.7k $46.2m $46.2m 0.07% Reduced -15.4k -15,380
52 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 608,679608.7k $43.9m $43.9m 0.01% Added +186.0k +185,978
53 Halpern Financial, Inc. 15.72% of their portfolio ASHBURN, VA 594,810594.8k $42.9m $42.9m 15.72% Reduced -114.3k -114,322
54 AE Wealth Management LLC 0.31% of their portfolio TOPEKA, KS 593,831593.8k $42.8m $42.8m 0.31% Reduced -91.2k -91,211
55 M&T Bank Corp 0.17% of their portfolio BUFFALO, NY 593,646593.6k $42.8m $42.8m 0.17% Added +54.2k +54,180
56 Horizon Investments, LLC 1.21% of their portfolio Charlotte, NC 585,899585.9k $42.2m $42.2m 1.21% Added +3.4k +3,372
57 SageView Advisory Group, LLC 3.43% of their portfolio Newport Beach, CA 585,302585.3k $42.2m $42.2m 3.43% First filing
58 Advocacy Wealth Management, LLC 5.54% of their portfolio ATLANTA, GA 582,140582.1k $42.0m $42.0m 5.54% Added +578.7k +578,711
59 KEYBANK NATIONAL ASSOCIATION/OH 0.20% of their portfolio BROOKLYN, OH 557,584557.6k $40.2m $40.2m 0.20% Added +3.6k +3,560
60 TWO SIGMA INVESTMENTS, LP 0.13% of their portfolio NEW YORK, NY 543,900543.9k $39.2m $39.2m 0.13% Reduced -271.9k -271,900
61 Fragasso Financial Advisors Inc 4.47% of their portfolio SEWICKLEY, PA 534,114534.1k $38.5m $38.5m 4.47% Reduced -14.0k -13,975
62 Stratos Wealth Partners, LTD. 0.95% of their portfolio BEACHWOOD, OH 522,524522.5k $37.7m $37.7m 0.95% Added +5.6k +5,569
63 DAIDO LIFE INSURANCE CO 3.48% of their portfolio TOKYO, M0 513,412513.4k $37.0m $37.0m 3.48% Unchanged
64 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 508,077508.1k $36.6m $36.6m 0.06% Added +34.7k +34,696
65 Cetera Advisor Networks LLC 0.30% of their portfolio EL SEGUNDO, CA 507,620507.6k $36.6m $36.6m 0.30% Added +172.4k +172,449
66 Intelligence Driven Advisers, LLC 6.76% of their portfolio CARLSBAD, CA 501,411501.4k $36.8m $36.8m 6.76% Added +15.6k +15,558
67 ARS Wealth Advisors Group, LLC 5.90% of their portfolio St. Petersburg, FL 497,156497.2k $35.8m $35.8m 5.90% Reduced -46.7k -46,687
68 Geneos Wealth Management Inc. 2.16% of their portfolio ENGLEWOOD, CO 495,273495.3k $35.7m $35.7m 2.16% Added +13.6k +13,642
69 OneDigital Investment Advisors LLC 1.02% of their portfolio OVERLAND PARK, KS 486,977487.0k $35.1m $35.1m 1.02% Added +273.6k +273,600
70 Executive Wealth Management, LLC 4.19% of their portfolio BRIGHTON, MI 473,287473.3k $34.1m $34.1m 4.19% Added +441.3k +441,293
71 Sanford Advisory Services, LLC 8.11% of their portfolio PORTAGE, MI 472,229472.2k $34.1m $34.1m 8.11% Added +7.2k +7,161
72 Kestra Advisory Services, LLC 0.30% of their portfolio AUSTIN, TX 461,331461.3k $33.3m $33.3m 0.30% Reduced -42.2k -42,215
73 Klingman & Associates, LLC 2.91% of their portfolio New York, NY 459,612459.6k $33.1m $33.1m 2.91% Reduced -2.7k -2,686
74 Crestwood Advisors Group, LLC 1.10% of their portfolio BOSTON, MA 449,142449.1k $32.4m $32.4m 1.10% Added +14.5k +14,474
75 Parallel Advisors, LLC 1.39% of their portfolio SAN FRANCISCO, CA 445,247445.2k $32.1m $32.1m 1.39% Added +25.9k +25,946
76 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 433,818433.8k $31.3m $31.3m 0.01% Reduced -10.5k -10,455
77 Atria Wealth Solutions, Inc. 0.49% of their portfolio NEW YORK, NY 422,325422.3k $30.4m $30.4m 0.49% Reduced -27.8k -27,806
78 NewEdge Advisors, LLC 0.36% of their portfolio NEW ORLEANS, LA 416,484416.5k $13.8m $13.8m 0.36% Added +53.8k +53,791
79 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 412,648412.6k $29.7m $29.7m 0.07% Reduced -120.2k -120,167
80 GLENMEDE TRUST CO NA 0.17% of their portfolio PHILADELPHIA, PA 392,922392.9k $28.3m $28.3m 0.17% Reduced -20.1k -20,055
81 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 386,543386.5k $27.9m $27.9m 0.04% Added +62.0k +61,965
82 Beacon Pointe Advisors, LLC 0.54% of their portfolio NEWPORT BEACH, CA 382,646382.6k $27.6m $27.6m 0.54% Added +13.1k +13,067
83 Sovereign Investment Advisors, LLC 11.55% of their portfolio PHOENIX, AZ 381,709381.7k $27.5m $27.5m 11.55% Added +3.2k +3,169
84 Equitable Holdings, Inc. 0.46% of their portfolio NEW YORK, NY 367,377367.4k $26.5m $26.5m 0.46% Added +83.6k +83,566
85 Leelyn Smith, LLC 6.83% of their portfolio GENEVA, IL 354,988355.0k $25.6m $25.6m 6.83% Added +33.1k +33,106
86 FIRST HAWAIIAN BANK 0.91% of their portfolio HONOLULU, HI 349,488349.5k $25.2m $25.2m 0.91% Unchanged
87 NOTTINGHAM ADVISORS, INC. 3.41% of their portfolio AMHERST, NY 348,552348.6k $25.1m $25.1m 3.41% Reduced -5.1k -5,129
88 Cassia Capital Partners, LLC 20.61% of their portfolio WINSTON SALEM, NC 347,707347.7k $25.1m $25.1m 20.61% Added +30.3k +30,339
89 AVANTAX ADVISORY SERVICES, INC. 0.33% of their portfolio DALLAS, TX 344,524344.5k $24.8m $24.8m 0.33% Reduced -10.1k -10,140
90 Insight Wealth Strategies, LLC 4.78% of their portfolio SAN RAMON, CA 342,574342.6k $24.7m $24.7m 4.78% Reduced -32.0k -32,025
91 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 339,318339.3k $24.5m $24.5m 0.06% Added +199.2k +199,231
92 Lineweaver Wealth Advisors, LLC 7.25% of their portfolio VALLEY VIEW, OH 331,625331.6k $23.9m $23.9m 7.25% Added +1.2k +1,206
93 Rakuten Investment Management, Inc. 0.32% of their portfolio TOKYO, M0 322,103322.1k $23.4m $23.4m 0.32% Added +28.0k +28,000
94 Gateway Wealth Partners, LLC 3.92% of their portfolio APPLETON, WI 316,291316.3k $22.8m $22.8m 3.92% First filing
95 CITIZENS FINANCIAL GROUP INC/RI 0.88% of their portfolio PROVIDENCE, RI 313,555313.6k $22.6m $22.6m 0.88% Reduced -4.3k -4,319
96 MV CAPITAL MANAGEMENT, INC. 3.44% of their portfolio BETHESDA, MD 309,152309.2k $22.3m $22.3m 3.44% Reduced -7.7k -7,715
97 Magnus Financial Group LLC 3.62% of their portfolio NEW YORK, NY 308,316308.3k $22.2m $22.2m 3.62% Reduced -27.2k -27,240
98 Rehmann Capital Advisory Group 2.28% of their portfolio LANSING, MI 308,141308.1k $22.2m $22.2m 2.28% Reduced -17.4k -17,392
99 Dakota Wealth Management 1.57% of their portfolio PALM BEACH GARDENS, FL 305,251305.3k $22.0m $22.0m 1.57% Added +33.7k +33,654
100 AGILIS PARTNERS LLC 9.87% of their portfolio WALTHAM, MA 294,927294.9k $21.3m $21.3m 9.87% Reduced -9.7k -9,711