Vault-13

ISHARES TR USMV

MSCI USA MIN VOL · ETP · CUSIP 46429B697

1,169 institutional holders -4 vs Q1 2024
221,449,227221.4m shares reported held*
$18.6bnreported value*
66 new 283 added 602 reduced 85 sold out net sold ≈ $4.2bn (-50.5m 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 ($36.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $84.01. Options: 2 managers hold calls ($1.2m notional), 3 hold puts ($8.6m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,066Q4 22: 1,158Q1 23: 1,132Q2 23: 1,154Q3 23: 1,152Q4 23: 1,230Q1 24: 1,173Q2 24: 1,1691,169Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 20221,066
Q4 20221,158
Q1 20231,132
Q2 20231,154
Q3 20231,152
Q4 20231,230
Q1 20241,173
Q2 20241,169

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 482 bought or addedQ4 22: 510 cut or sold outQ4 22Q1 23: 510 bought or addedQ1 23: 526 cut or sold outQ2 23: 501 bought or addedQ2 23: 548 cut or sold outQ2 23Q3 23: 371 bought or addedQ3 23: 660 cut or sold outQ4 23: 345 bought or addedQ4 23: 720 cut or sold outQ4 23Q1 24: 325 bought or addedQ1 24: 771 cut or sold outQ2 24: 349 bought or addedQ2 24: 687 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022482510
Q1 2023510526
Q2 2023501548
Q3 2023371660
Q4 2023345720
Q1 2024325771
Q2 2024349687

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 23 calls: $1.5mQ3 23 puts: $767.2kQ3 23P/C 0.52Q4 23 calls: $1.0mQ4 23 puts: $398.0kQ4 23P/C 0.40Q1 24 calls: $1.9mQ1 24 puts: $40.0mQ1 24P/C 21.30Q2 24 calls: $1.2mQ2 24 puts: $8.6mQ2 24P/C 6.99
Numbers
QuarterCallsPutsP/C
Q3 2023$1.5m$767.2k0.52
Q4 2023$1.0m$398.0k0.40
Q1 2024$1.9m$40.0m21.30
Q2 2024$1.2m$8.6m6.99

Biggest buyers

CAPTRUST FINANCIAL ADVISORS Added +3,710,811+3.7m
JPMORGAN CHASE & CO Added +3,255,630+3.3m
Alaska Permanent Fund Corp Added +830,134+830.1k
Symmetry Partners, LLC Added +331,096+331.1k
PNC Financial Services Group, Inc. Added +304,684+304.7k
Cambridge Investment Research Advisors, Inc. Added +245,541+245.5k
BANK OF MONTREAL /CAN/ Added +213,145+213.1k
Millburn Ridgefield LLC /DE/ Added +182,050+182.1k
Catalyst Capital Advisors LLC Added +182,050+182.1k
Focus Partners Wealth Added +169,200+169.2k

Biggest sellers

MORGAN STANLEY Reduced -46,308,146-46.3m
FMR LLC Reduced -2,668,620-2.7m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,418,917-1.4m
BANK OF AMERICA CORP /DE/ Reduced -1,314,764-1.3m
MERCER GLOBAL ADVISORS INC /ADV Reduced -659,317-659.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -521,201-521.2k
FIL Ltd Sold out -463,861-463.9k
CWM, LLC Reduced -433,248-433.2k
Pineridge Advisors LLC Reduced -419,676-419.7k
LPL Financial LLC Reduced -398,949-398.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m13.2k shares
CITADEL ADVISORS LLC Reduced $117.5k1.4k shares

Biggest puts

Teilinger Capital Ltd. Reduced $8.2m98.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $243.5k2.9k shares
CITADEL ADVISORS LLC Added $84.0k1.0k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.14% of their portfolio NEW YORK, NY 21,254,16421.3m $1.8bn $1.8bn 0.14% Reduced -46.3m -46,308,146
2 RAYMOND JAMES & ASSOCIATES 0.89% of their portfolio ST PETERSBURG, FL 16,095,73516.1m $1.4bn $1.4bn 0.89% Added +146.6k +146,632
3 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 15,982,55716.0m $1.3bn $1.3bn 0.13% Reduced -1.3m -1,314,764
4 FMR LLC 0.08% of their portfolio BOSTON, MA 14,529,71814.5m $1.2bn $1.2bn 0.08% Reduced -2.7m -2,668,620
5 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 11,408,35211.4m $957.8m $957.8m 0.04% Added +3.3m +3,255,630
6 PNC Financial Services Group, Inc. 0.55% of their portfolio Pittsburgh, PA 9,813,0609.8m $823.9m $823.9m 0.55% Added +304.7k +304,684
7 CAPTRUST FINANCIAL ADVISORS 1.62% of their portfolio RALEIGH, NC 5,999,6266.0m $503.7m $503.7m 1.62% Added +3.7m +3,710,811
8 BlackRock Inc. 0.01% of their portfolio New York, NY 5,221,4175.2m $438.4m $438.4m 0.01% Reduced -302.3k -302,327
9 LPL Financial LLC 0.21% of their portfolio FORT MILL, SC 5,011,2095.0m $420.7m $420.7m 0.21% Reduced -398.9k -398,949
10 ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio Berwyn, PA 4,969,6495.0m $417.3m $417.3m 0.15% Reduced -1.4m -1,418,917
11 Alaska Permanent Fund Corp 6.16% of their portfolio JUNEAU, AK 4,777,9544.8m $415.9m $415.9m 6.16% Added +830.1k +830,134
12 Raymond James Financial Services Advisors, Inc. 0.51% of their portfolio ST. PETERSBURG, FL 4,243,1644.2m $356.3m $356.3m 0.51% Reduced -192.1k -192,056
13 UBS Group AG 0.10% of their portfolio ZURICH, V8 3,917,9653.9m $329.0m $329.0m 0.10% Reduced -147.0k -147,007
14 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 3,845,8113.8m $322.9m $322.9m 0.08% Reduced -185.4k -185,379
15 Millburn Ridgefield LLC /DE/ 8.19% of their portfolio New York, NY 3,658,7073.7m $307.2m $307.2m 8.19% Added +182.1k +182,050
16 Catalyst Capital Advisors LLC 7.09% of their portfolio San Juan, PR 3,658,7073.7m $307.2m $307.2m 7.09% Added +182.1k +182,050
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.64% of their portfolio PLYMOUTH, MN 3,202,0433.2m $268.8m $268.8m 0.64% Added +31.6k +31,625
18 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 2,556,6642.6m $214.8m $214.8m 0.06% Reduced -64.0k -64,006
19 COMMONWEALTH EQUITY SERVICES, LLC 0.31% of their portfolio WALTHAM, MA 2,321,2332.3m $194.9m $194.9m 0.31% Reduced -99.6k -99,573
20 MERCER GLOBAL ADVISORS INC /ADV 0.50% of their portfolio DENVER, CO 2,165,1642.2m $181.8m $181.8m 0.50% Reduced -659.3k -659,317
21 Cerity Partners LLC 0.48% of their portfolio NEW YORK, NY 2,116,9112.1m $177.7m $177.7m 0.48% Added +23.0k +23,040
22 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.17% of their portfolio MILWAUKEE, WI 2,105,7602.1m $176.8m $176.8m 0.17% Reduced -521.2k -521,201
23 Cetera Investment Advisers 0.36% of their portfolio SCHAUMBURG, IL 1,844,5251.8m $154.9m $154.9m 0.36% Reduced -51.4k -51,449
24 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,746,2251.7m $146.6m $146.6m 0.04% Reduced -95.9k -95,898
25 ASSETMARK, INC 0.41% of their portfolio CONCORD, CA 1,594,2691.6m $133.9m $133.9m 0.41% Added +22.4k +22,436
26 Cambridge Investment Research Advisors, Inc. 0.46% of their portfolio FAIRFIELD, IA 1,485,8301.5m $124.8m $124.8m 0.46% Added +245.5k +245,541
27 US BANCORP \DE\ 0.16% of their portfolio MINNEAPOLIS, MN 1,417,2971.4m $119.0m $119.0m 0.16% Added +48.2k +48,191
28 SEI INVESTMENTS CO 0.15% of their portfolio OAKS, PA 1,278,8161.3m $107.4m $107.4m 0.15% Reduced -27.4k -27,377
29 Mariner, LLC 0.20% of their portfolio Overland Park, KS 1,207,1871.2m $101.4m $101.4m 0.20% Reduced -60.8k -60,834
30 SECURIAN ASSET MANAGEMENT, INC 2.89% of their portfolio ST PAUL, MN 1,178,9621.2m $99.0m $99.0m 2.89% Reduced -52.8k -52,800
31 Focus Partners Wealth 0.31% of their portfolio ST LOUIS, MO 1,104,8651.1m $92.8m $92.8m 0.31% Added +169.2k +169,200
32 Financial Advisors, LLC 18.76% of their portfolio ANDOVER, MA 1,092,6331.1m $91.7m $91.7m 18.76% Added +5.8k +5,790
33 JOHNSON INVESTMENT COUNSEL INC 0.92% of their portfolio Cincinnati, OH 1,044,2791.0m $87.7m $87.7m 0.92% Reduced -7.0k -6,972
34 Dynasty Wealth Management, LLC 2.55% of their portfolio ST. PETERSBURG, FL 1,031,4091.0m $86.6m $86.6m 2.55% Added +37.8k +37,793
35 Brookstone Capital Management 1.48% of their portfolio WHEATON, IL 1,025,6631.0m $89.0m $89.0m 1.48% Reduced -63.5k -63,482
36 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,002,0691.0m $84.1m $84.1m 0.02% Reduced -96.7k -96,744
37 OSAIC HOLDINGS, INC. 0.20% of their portfolio SCOTTSDALE, AZ 995,273995.3k $83.6m $83.6m 0.20% Reduced -146.2k -146,172
38 Quotient Wealth Partners, LLC 2.90% of their portfolio DALLAS, TX 985,076985.1k $82.7m $82.7m 2.90% Added +45.2k +45,247
39 Horizon Investments, LLC 1.99% of their portfolio Charlotte, NC 855,368855.4k $71.8m $71.8m 1.99% Reduced -32.0k -31,985
40 Symmetry Partners, LLC 3.32% of their portfolio GLASTONBURY, CT 769,232769.2k $64.6m $64.6m 3.32% Added +331.1k +331,096
41 HighTower Advisors, LLC 0.10% of their portfolio CHICAGO, IL 747,264747.3k $62.7m $62.7m 0.10% Reduced -3.2k -3,163
42 MML INVESTORS SERVICES, LLC 0.23% of their portfolio SPRINGFIELD, MA 667,152667.2k $56.0m $56.0m 0.23% Reduced -86.3k -86,338
43 CWM, LLC 0.26% of their portfolio OMAHA, NE 658,139658.1k $55.3m $55.3m 0.26% Reduced -433.2k -433,248
44 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 648,274648.3k $54.4m $54.4m 0.02% Added +9.8k +9,808
45 Integrated Wealth Concepts LLC 0.68% of their portfolio WALTHAM, MA 590,663590.7k $49.6m $49.6m 0.68% Reduced -277.7k -277,671
46 Janney Montgomery Scott LLC 0.15% of their portfolio PHILADELPHIA, PA 589,371589.4k $49.5m $49.5m 0.15% Reduced -25.3k -25,279
47 Private Advisor Group, LLC 0.32% of their portfolio MORRISTOWN, NJ 569,176569.2k $47.8m $47.8m 0.32% Reduced -51.6k -51,564
48 Qube Research & Technologies Ltd 0.09% of their portfolio LONDON, X0 554,229554.2k $46.5m $46.5m 0.09% Added +43.1k +43,144
49 CAPSTONE INVESTMENT ADVISORS, LLC 1.00% of their portfolio NEW YORK, NY 547,018547.0k $45.9m $45.9m 1.00% Reduced -313.7k -313,711
50 Geneos Wealth Management Inc. 2.03% of their portfolio ENGLEWOOD, CO 545,903545.9k $45.8m $45.8m 2.03% Added +24.3k +24,293
51 Steward Partners Investment Advisory, LLC 0.48% of their portfolio STAMFORD, CT 539,211539.2k $45.3m $45.3m 0.48% Reduced -1.5k -1,510
52 Fragasso Financial Advisors Inc 3.63% of their portfolio SEWICKLEY, PA 524,565524.6k $44.0m $44.0m 3.63% Reduced -24.4k -24,383
53 ARS Wealth Advisors Group, LLC 5.66% of their portfolio St. Petersburg, FL 519,610519.6k $43.6m $43.6m 5.66% Reduced -788 -788
54 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 500,000500.0k $42.1m $42.1m 0.03% Unchanged
55 NewEdge Advisors, LLC 0.30% of their portfolio NEW ORLEANS, LA 498,951499.0k $41.9m $41.9m 0.30% Added +87.0k +86,990
56 GLENMEDE TRUST CO NA 0.20% of their portfolio PHILADELPHIA, PA 458,956459.0k $38.5m $38.5m 0.20% Added +62 +62
57 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 409,309409.3k $34.4m $34.4m 0.04% Reduced -10.8k -10,773
58 KEYBANK NATIONAL ASSOCIATION/OH 0.14% of their portfolio BROOKLYN, OH 404,150404.1k $33.9m $33.9m 0.14% Reduced -20.4k -20,373
59 Carrera Capital Advisors 10.83% of their portfolio TROY, MI 394,809394.8k $33.1m $33.1m 10.83% First filing
60 Klingman & Associates, LLC 2.21% of their portfolio New York, NY 388,341388.3k $32.6m $32.6m 2.21% Reduced -5.4k -5,393
61 Equitable Holdings, Inc. 0.34% of their portfolio NEW YORK, NY 380,164380.2k $31.9m $31.9m 0.34% Added +8.4k +8,414
62 Halpern Financial, Inc. 8.64% of their portfolio ASHBURN, VA 374,389374.4k $31.4m $31.4m 8.64% Reduced -4.7k -4,699
63 Allianz Asset Management GmbH 0.05% of their portfolio MUNICH, 2M 364,017364.0k $30.6m $30.6m 0.05% Reduced -154.1k -154,106
64 Kestra Advisory Services, LLC 0.16% of their portfolio AUSTIN, TX 342,847342.8k $28.8m $28.8m 0.16% Added +16.2k +16,188
65 High Probability Advisors, LLC 5.18% of their portfolio Pittsford, NY 340,361340.4k $28.6m $28.6m 5.18% Reduced -12.5k -12,452
66 GDS Wealth Management 3.10% of their portfolio FLOWER MOUND, TX 336,900336.9k $28.3m $28.3m 3.10% Reduced -9.2k -9,197
67 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 328,868328.9k $27.6m $27.6m 0.04% Reduced -50.5k -50,545
68 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 325,633325.6k $27.3m $27.3m 0.03% Added +4.8k +4,793
69 Sovereign Investment Advisors, LLC 9.42% of their portfolio PHOENIX, AZ 323,837323.8k $25.3m $25.3m 9.42% Added +2.4k +2,365
70 NorthCoast Asset Management LLC 0.23% of their portfolio STAMFORD, CT 321,201321.2k $27.0m $27.0m 0.23% Reduced -15.4k -15,424
71 Atria Wealth Solutions, Inc. 0.30% of their portfolio NEW YORK, NY 317,266317.3k $26.6m $26.6m 0.30% Reduced -10.2k -10,242
72 Facet Wealth, Inc. 0.84% of their portfolio WEST PALM BEACH, FL 316,357316.4k $27.5m $27.5m 0.84% Added +29.7k +29,740
73 Apella Capital, LLC 1.18% of their portfolio WEST HARTFORD, CT 314,231314.2k $26.4m $26.4m 1.18% Added +4.9k +4,864
74 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 311,758311.8k $26.2m $26.2m 0.01% Reduced -11.3k -11,293
75 Insight Wealth Strategies, LLC 3.68% of their portfolio SAN RAMON, CA 307,893307.9k $25.9m $25.9m 3.68% Added +12.4k +12,399
76 Stratos Wealth Partners, LTD. 0.41% of their portfolio BEACHWOOD, OH 307,802307.8k $25.8m $25.8m 0.41% Reduced -26.4k -26,435
77 CHOREO, LLC 0.43% of their portfolio ROCKFORD, IL 304,999305.0k $25.5m $25.5m 0.43% Added +16.4k +16,412
78 OneDigital Investment Advisors LLC 0.32% of their portfolio OVERLAND PARK, KS 304,963305.0k $25.6m $25.6m 0.32% Added +62.7k +62,739
79 Trilogy Capital Inc. 1.36% of their portfolio IRVINE, CA 297,602297.6k $25.0m $25.0m 1.36% Added +77.1k +77,120
80 Rakuten Investment Management, Inc. 0.16% of their portfolio TOKYO, M0 296,603296.6k $24.9m $24.9m 0.16% Reduced -36.1k -36,100
81 Allianz SE 0.71% of their portfolio Munich, 2M 288,295288.3k $24.2m $24.2m 0.71% Unchanged
82 CITIZENS FINANCIAL GROUP INC/RI 0.53% of their portfolio PROVIDENCE, RI 282,721282.7k $23.7m $23.7m 0.53% Reduced -1.2k -1,212
83 Rehmann Capital Advisory Group 1.68% of their portfolio LANSING, MI 280,091280.1k $23.5m $23.5m 1.68% Added +1.7k +1,742
84 MA Private Wealth 4.58% of their portfolio SAN CARLOS, CA 275,741275.7k $23.2m $23.2m 4.58% Added +1.2k +1,231
85 Capital Advisors, Ltd. LLC 2.86% of their portfolio SHAKER HEIGHTS, OH 262,726262.7k $22.1m $22.1m 2.86% Reduced -3.5k -3,501
86 MV CAPITAL MANAGEMENT, INC. 2.47% of their portfolio BETHESDA, MD 261,746261.7k $22.0m $22.0m 2.47% Reduced -10.8k -10,836
87 Cornerstone Wealth Management, LLC 1.67% of their portfolio ST. PETERS, MO 258,639258.6k $21.7m $21.7m 1.67% Reduced -1.1k -1,050
88 Executive Wealth Management, LLC 3.97% of their portfolio BRIGHTON, MI 258,044258.0k $21.7m $21.7m 3.97% Reduced -14.3k -14,263
89 Lineweaver Wealth Advisors, LLC 4.44% of their portfolio VALLEY VIEW, OH 254,908254.9k $21.4m $21.4m 4.44% Reduced -4.4k -4,351
90 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 250,380250.4k $21.1m $21.1m 0.01% Added +213.1k +213,145
91 Beacon Pointe Advisors, LLC 0.25% of their portfolio NEWPORT BEACH, CA 249,534249.5k $21.0m $21.0m 0.25% Reduced -8.6k -8,608
92 Teilinger Capital Ltd. 9.64% of their portfolio HOUSTON, TX 241,000241.0k $20.2m $20.2m 9.64% Reduced -239.0k -239,000
93 Envestnet Portfolio Solutions, Inc. 0.07% of their portfolio BERWYN, PA 240,547240.5k $20.2m $20.2m 0.07% Reduced -114.5k -114,542
94 Journey Advisory Group, LLC 2.39% of their portfolio COVINGTON, KY 238,304238.3k $20.0m $20.0m 2.39% Added +7.1k +7,082
95 Cassia Capital Partners, LLC 13.19% of their portfolio WINSTON SALEM, NC 238,264238.3k $20.0m $20.0m 13.19% Added +1.9k +1,925
96 RAYMOND JAMES TRUST N.A. 0.47% of their portfolio ST. PETERSBURG, FL 237,035237.0k $19.9m $19.9m 0.47% Added +9.5k +9,545
97 AVANTAX ADVISORY SERVICES, INC. 0.14% of their portfolio DALLAS, TX 234,096234.1k $19.7m $19.7m 0.14% Reduced -12.3k -12,343
98 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 232,184232.2k $19.5m $19.5m 0.04% Added +1.8k +1,785
99 Lowe Wealth Advisors, LLC 8.86% of their portfolio COLUMBIA, MD 231,723231.7k $19.5m $19.5m 8.86% Reduced -4.6k -4,569
100 Sanctuary Advisors, LLC 0.13% of their portfolio INDIANAPOLIS, IN 227,629227.6k $18.4m $18.4m 0.13% First filing