Vault-13

ISHARES TR QUAL

MSCI USA QLT FCT · ETP · CUSIP 46432F339

918 institutional holders +93 vs Q4 2022
198,429,627198.4m shares reported held*
$24.6bnreported value*
154 new 361 added 271 reduced 54 sold out net bought ≈ $10.0bn (+80.4m 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 ($15.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $123.92. Options: 4 managers hold calls ($3.8m notional), 5 hold puts ($1.6m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 807Q4 22: 825Q1 23: 918918Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022807
Q4 2022825
Q1 2023918

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 299 bought or addedQ4 22: 424 cut or sold outQ4 22Q1 23: 515 bought or addedQ1 23: 325 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022299424
Q1 2023515325

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 22 calls: $1.7mQ3 22 puts: $239.0kQ3 22P/C 0.14Q4 22 calls: $2.2mQ4 22 puts: $7.7mQ4 22P/C 3.51Q1 23 calls: $3.8mQ1 23 puts: $1.6mQ1 23P/C 0.43
Numbers
QuarterCallsPutsP/C
Q3 2022$1.7m$239.0k0.14
Q4 2022$2.2m$7.7m3.51
Q1 2023$3.8m$1.6m0.43

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +24,582,578+24.6m
FMR LLC Added +13,084,468+13.1m
BlackRock Inc. Added +4,051,296+4.1m
LPL Financial LLC Added +3,901,463+3.9m
CWM, LLC Added +3,583,785+3.6m
PNC Financial Services Group, Inc. Added +3,372,804+3.4m
PARK AVENUE SECURITIES LLC Added +2,421,573+2.4m
OSAIC HOLDINGS, INC. Added +2,259,296+2.3m
JPMORGAN CHASE & CO Added +2,085,944+2.1m
MORGAN STANLEY Added +2,082,083+2.1m

Biggest sellers

PAR CAPITAL MANAGEMENT INC Sold out -1,637,000-1.6m
ROYAL BANK OF CANADA Reduced -481,217-481.2k
Advisors Capital Management, LLC Reduced -377,837-377.8k
BARINGS LLC Reduced -315,707-315.7k
AJ WEALTH STRATEGIES, LLC Reduced -259,563-259.6k
Sage Advisory Services, Ltd.Co. Sold out -218,576-218.6k
HighTower Advisors, LLC Reduced -168,262-168.3k
GOLDMAN SACHS GROUP INC Reduced -166,572-166.6k
Tillar-Wenstrup Advisors, LLC Sold out -165,511-165.5k
MERCER GLOBAL ADVISORS INC /ADV Reduced -163,368-163.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.1m17.1k shares
CITADEL ADVISORS LLC Added $1.2m9.3k shares
Belvedere Trading LLC New $545.9k4.4k shares
Cutler Group LLC / CA Reduced $01.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $1.0m8.2k shares
WOLVERINE TRADING, LLC New $416.0k3.4k shares
CITADEL ADVISORS LLC Reduced $136.5k1.1k shares
UBS Group AG New $62.0k500 shares
Cutler Group LLC / CA Added $0300 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 +1.1 pts · filed 2026-08-07 10.4% +1.1 pts 22.0m≈ $4.8bn 2026-08-07

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 1.77% of their portfolio Berwyn, PA 29,707,92929.7m $3.7bn $3.7bn 1.77% Added +24.6m +24,582,578
2 FMR LLC 0.15% of their portfolio BOSTON, MA 25,654,65825.7m $3.2bn $3.2bn 0.15% Added +13.1m +13,084,468
3 LPL Financial LLC 1.19% of their portfolio FORT MILL, SC 12,348,35812.3m $1.5bn $1.5bn 1.19% Added +3.9m +3,901,463
4 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 6,901,1716.9m $856.2m $856.2m 0.09% Added +2.1m +2,082,083
5 BlackRock Inc. 0.03% of their portfolio New York, NY 6,831,6146.8m $847.6m $847.6m 0.03% Added +4.1m +4,051,296
6 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 6,243,6706.2m $774.6m $774.6m 0.09% Added +1.3m +1,340,899
7 CWM, LLC 4.70% of their portfolio OMAHA, NE 5,609,1515.6m $695.9m $695.9m 4.70% Added +3.6m +3,583,785
8 PNC Financial Services Group, Inc. 0.60% of their portfolio Pittsburgh, PA 5,555,5855.6m $689.3m $689.3m 0.60% Added +3.4m +3,372,804
9 MERCER GLOBAL ADVISORS INC /ADV 2.22% of their portfolio DENVER, CO 3,940,9513.9m $488.9m $488.9m 2.22% Reduced -163.4k -163,368
10 UBS Group AG 0.22% of their portfolio ZURICH, V8 3,904,6353.9m $484.4m $484.4m 0.22% Reduced -45.8k -45,844
11 KEYBANK NATIONAL ASSOCIATION/OH 2.13% of their portfolio BROOKLYN, OH 3,599,8493.6m $446.6m $446.6m 2.13% Reduced -46.8k -46,757
12 OSAIC HOLDINGS, INC. 0.74% of their portfolio SCOTTSDALE, AZ 3,179,9023.2m $394.6m $394.6m 0.74% Added +2.3m +2,259,296
13 M&T Bank Corp 1.52% of their portfolio BUFFALO, NY 3,171,6713.2m $393.5m $393.5m 1.52% Added +1.3m +1,259,636
14 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 2,913,4852.9m $361.5m $361.5m 0.05% Added +2.1m +2,085,944
15 Blue Trust, Inc. 4.67% of their portfolio BRENTWOOD, TN 2,499,1802.5m $284.8m $284.8m 4.67% Added +279.1k +279,142
16 PARK AVENUE SECURITIES LLC 5.22% of their portfolio NEW YORK, NY 2,444,8092.4m $303.3m $303.3m 5.22% Added +2.4m +2,421,573
17 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 2,437,4262.4m $302.4m $302.4m 0.09% Reduced -159.5k -159,501
18 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 1,924,9351.9m $238.8m $238.8m 0.08% Added +247.8k +247,797
19 Horizon Investments, LLC 6.60% of their portfolio Charlotte, NC 1,796,6451.8m $222.9m $222.9m 6.60% Added +841.2k +841,223
20 Janney Montgomery Scott LLC 0.79% of their portfolio PHILADELPHIA, PA 1,551,6391.6m $192.5m $192.5m 0.79% Added +1.3m +1,280,063
21 Facet Wealth, Inc. 11.40% of their portfolio WEST PALM BEACH, FL 1,518,4281.5m $188.4m $188.4m 11.40% Added +73.9k +73,918
22 MML INVESTORS SERVICES, LLC 1.27% of their portfolio SPRINGFIELD, MA 1,444,2381.4m $179.2m $179.2m 1.27% Added +1.2m +1,188,272
23 Connecticut Wealth Management, LLC 13.53% of their portfolio FARMINGTON, CT 1,442,1821.4m $178.9m $178.9m 13.53% Added +46.9k +46,873
24 Wharton Business Group, LLC 10.09% of their portfolio MALVERN, PA 1,356,1731.4m $168.3m $168.3m 10.09% Added +76.3k +76,275
25 STIFEL FINANCIAL CORP 0.23% of their portfolio ST. LOUIS, MO 1,267,2401.3m $157.2m $157.2m 0.23% Added +284.5k +284,548
26 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,054,3651.1m $130.8m $130.8m 0.03% Added +1.0m +1,027,613
27 COMMONWEALTH EQUITY SERVICES, LLC 0.25% of their portfolio WALTHAM, MA 964,718964.7k $119.7m $119.7m 0.25% Added +315.0k +314,965
28 SVB WEALTH LLC 1.59% of their portfolio BOSTON, MA 915,288915.3k $113.6m $113.6m 1.59% Reduced -134.3k -134,310
29 Savant Capital, LLC 2.06% of their portfolio ROCKFORD, IL 891,499891.5k $110.6m $110.6m 2.06% Added +60.0k +60,018
30 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 875,829875.8k $108.7m $108.7m 0.03% Reduced -481.2k -481,217
31 Integrated Wealth Concepts LLC 2.20% of their portfolio WALTHAM, MA 862,195862.2k $107.0m $107.0m 2.20% Added +124.8k +124,763
32 RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio ST PETERSBURG, FL 852,202852.2k $105.7m $105.7m 0.09% Added +129.0k +129,016
33 Cetera Investment Advisers 0.87% of their portfolio SCHAUMBURG, IL 805,253805.3k $99.9m $99.9m 0.87% Added +674.1k +674,051
34 PFS INVESTMENTS INC. 1.66% of their portfolio DULUTH, GA 775,911775.9k $95.9m $95.9m 1.66% Added +188.4k +188,416
35 Corient Private Wealth LP 0.24% of their portfolio MIAMI, FL 723,605723.6k $89.8m $89.8m 0.24% Added +51.4k +51,411
36 Bluespring Wealth Management, LLC 11.57% of their portfolio AUSTIN, TX 709,671709.7k $88.0m $88.0m 11.57% Added +9.8k +9,809
37 Balentine LLC 2.94% of their portfolio ATLANTA, GA 703,390703.4k $87.3m $87.3m 2.94% Reduced -2.3k -2,275
38 GYL Financial Synergies, LLC 9.72% of their portfolio West Hartford, CT 653,725653.7k $81.1m $81.1m 9.72% Added +54.4k +54,364
39 JB Capital LLC 7.38% of their portfolio WETHERSFIELD, CT 651,412651.4k $80.8m $80.8m 7.38% New
40 HighTower Advisors, LLC 0.17% of their portfolio CHICAGO, IL 615,471615.5k $76.3m $76.3m 0.17% Reduced -168.3k -168,262
41 OneDigital Investment Advisors LLC 1.78% of their portfolio OVERLAND PARK, KS 611,139611.1k $75.8m $75.8m 1.78% Added +240.9k +240,882
42 J.P. Morgan Private Wealth Advisors LLC 0.15% of their portfolio SAN FRANCISCO, CA 561,153561.2k $69.6m $69.6m 0.15% Added +210.4k +210,351
43 WEALTHSOURCE PARTNERS, LLC 4.55% of their portfolio SAN LUIS OBISPO, CA 542,039542.0k $67.2m $67.2m 4.55% Added +418.0k +417,959
44 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 2.87% of their portfolio Seattle, WA 532,463532.5k $66.1m $66.1m 2.87% Added +80.0k +79,975
45 Sage Mountain Advisors LLC 10.61% of their portfolio ATLANTA, GA 530,492530.5k $65.8m $65.8m 10.61% Reduced -21.6k -21,616
46 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 508,332508.3k $63.1m $63.1m 0.09% Added +19.5k +19,493
47 TIAA, FSB 0.23% of their portfolio ST. LOUIS, MO 500,546500.5k $62.1m $62.1m 0.23% Added +45.9k +45,911
48 Cerity Partners LLC 0.16% of their portfolio NEW YORK, NY 490,359490.4k $60.5m $60.5m 0.16% Added +297.9k +297,950
49 Cambridge Investment Research Advisors, Inc. 0.29% of their portfolio FAIRFIELD, IA 477,304477.3k $59.2m $59.2m 0.29% Added +221.1k +221,063
50 SYNOVUS FINANCIAL CORP 0.67% of their portfolio Columbus, GA 476,926476.9k $59.2m $59.2m 0.67% Added +44.6k +44,583
51 CAPTRUST FINANCIAL ADVISORS 0.25% of their portfolio RALEIGH, NC 462,288462.3k $57.4m $57.4m 0.25% Added +23.5k +23,524
52 D.A. DAVIDSON & CO. 0.63% of their portfolio GREAT FALLS, MT 453,137453.1k $56.2m $56.2m 0.63% Added +3.2k +3,176
53 Atria Wealth Solutions, Inc. 0.83% of their portfolio NEW YORK, NY 452,551452.6k $56.1m $56.1m 0.83% Added +256.9k +256,915
54 Unison Advisors LLC 6.13% of their portfolio PROVIDENCE, RI 444,913444.9k $55.2m $55.2m 6.13% Added +195.3k +195,323
55 NewEdge Advisors, LLC 0.68% of their portfolio NEW ORLEANS, LA 440,132440.1k $54.6m $54.6m 0.68% Added +361.0k +360,982
56 Cetera Advisor Networks LLC 0.40% of their portfolio EL SEGUNDO, CA 438,535438.5k $54.4m $54.4m 0.40% Added +301.8k +301,768
57 1900 WEALTH MANAGEMENT LLC 5.50% of their portfolio SAN ANTONIO, TX 437,627437.6k $51.2m $51.2m 5.50% Reduced -3.0k -3,047
58 JOHNSON INVESTMENT COUNSEL INC 0.70% of their portfolio Cincinnati, OH 427,416427.4k $53.0m $53.0m 0.70% Reduced -9.9k -9,949
59 AE Wealth Management LLC 0.34% of their portfolio TOPEKA, KS 423,493423.5k $52.5m $52.5m 0.34% Added +303.3k +303,322
60 STATE OF MICHIGAN RETIREMENT SYSTEM 0.34% of their portfolio EAST LANSING, MI 422,300422.3k $52.4m $52.4m 0.34% Reduced -40.0k -40,050
61 Gradient Investments LLC 1.40% of their portfolio ARDEN HILLS, MN 413,841413.8k $51.3m $51.3m 1.40% Reduced -13.4k -13,378
62 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 411,565411.6k $51.1m $51.1m 0.09% Reduced -102.7k -102,739
63 SACHEM HILL LLC 14.22% of their portfolio DENVER, CO 398,202398.2k $49.4m $49.4m 14.22% Added +1.2k +1,249
64 Intelligence Driven Advisers, LLC 8.73% of their portfolio CARLSBAD, CA 393,498393.5k $48.5m $48.5m 8.73% Added +5.7k +5,676
65 Raymond James Financial Services Advisors, Inc. 0.09% of their portfolio ST. PETERSBURG, FL 386,446386.4k $47.9m $47.9m 0.09% Added +3.5k +3,497
66 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.42% of their portfolio Tokyo, M0 380,396380.4k $47.2m $47.2m 0.42% Added +244.8k +244,750
67 Baker Avenue Asset Management, LP 2.47% of their portfolio SAN FRANCISCO, CA 368,824368.8k $45.8m $45.8m 2.47% Added +13.6k +13,557
68 Trilogy Capital Inc. 3.21% of their portfolio IRVINE, CA 363,990364.0k $45.2m $45.2m 3.21% Added +9.3k +9,276
69 Cable Hill Partners, LLC 7.33% of their portfolio PORTLAND, OR 363,271363.3k $45.1m $45.1m 7.33% Added +43.3k +43,345
70 Angeles Investment Advisors, LLC 3.68% of their portfolio SANTA MONICA, CA 360,500360.5k $44.7m $44.7m 3.68% New
71 PINNACLE ASSOCIATES LTD 0.89% of their portfolio NEW YORK, NY 350,371350.4k $43.5m $43.5m 0.89% Added +3.8k +3,818
72 Orgel Wealth Management, LLC 1.55% of their portfolio ALTOONA, WI 348,520348.5k $43.2m $43.2m 1.55% Added +8.9k +8,917
73 HOWARD FINANCIAL SERVICES, LTD. 10.49% of their portfolio DALLAS, TX 346,775346.8k $43.0m $43.0m 10.49% Reduced -9.6k -9,588
74 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 336,675336.7k $41.5m $41.5m 0.10% Added +131.0k +131,039
75 Financial Advisors, LLC 10.49% of their portfolio ANDOVER, MA 333,819333.8k $41.4m $41.4m 10.49% Added +9.1k +9,058
76 Cresset Asset Management, LLC 0.82% of their portfolio Chicago, IL 329,076329.1k $40.8m $40.8m 0.82% Added +3.0k +3,032
77 CreativeOne Wealth, LLC 1.99% of their portfolio OVERLAND PARK, KS 324,561324.6k $40.3m $40.3m 1.99% Added +321.9k +321,946
78 Well Done, LLC 8.46% of their portfolio HOLLAND, MI 315,515315.5k $39.1m $39.1m 8.46% Reduced -8.9k -8,893
79 Steward Partners Investment Advisory, LLC 0.62% of their portfolio STAMFORD, CT 311,476311.5k $38.6m $38.6m 0.62% Added +76.2k +76,205
80 Merriman Wealth Management, LLC 1.99% of their portfolio SEATTLE, WA 310,723310.7k $38.5m $38.5m 1.99% Reduced -18.2k -18,188
81 Private Ocean, LLC 5.04% of their portfolio SAN RAFAEL, CA 305,665305.7k $37.9m $37.9m 5.04% Reduced -69.4k -69,358
82 Equitable Holdings, Inc. 0.55% of their portfolio NEW YORK, NY 279,230279.2k $34.6m $34.6m 0.55% Reduced -5.2k -5,172
83 Baron Wealth Management LLC 23.90% of their portfolio TROY, MI 272,086272.1k $33.8m $33.8m 23.90% Added +58.1k +58,067
84 TMD Wealth Management, LLC 9.40% of their portfolio SCOTTSDALE, AZ 268,282268.3k $33.3m $33.3m 9.40% Added +9.5k +9,472
85 Allworth Financial LP 0.33% of their portfolio FOLSOM, CA 263,989264.0k $32.8m $32.8m 0.33% Added +97.7k +97,663
86 Brookstone Capital Management 0.64% of their portfolio WHEATON, IL 261,989262.0k $32.8m $32.8m 0.64% Reduced -75.0k -75,012
87 Cetera Advisors LLC 0.54% of their portfolio DENVER, CO 261,879261.9k $32.5m $32.5m 0.54% Added +186.1k +186,055
88 Atria Investments, Inc 0.61% of their portfolio Charlotte, NC 260,207260.2k $32.3m $32.3m 0.61% Added +240.6k +240,617
89 Heck Capital Advisors, LLC 6.19% of their portfolio Rhinelander, WI 260,155260.2k $32.3m $32.3m 6.19% Added +7.3k +7,287
90 Symmetry Partners, LLC 1.71% of their portfolio GLASTONBURY, CT 251,842251.8k $31.1m $31.1m 1.71% Added +17.0k +17,007
91 Capital Investment Advisory Services, LLC 3.58% of their portfolio RALEIGH, NC 244,177244.2k $30.3m $30.3m 3.58% Reduced -2.6k -2,595
92 TD Capital Management LLC 3.71% of their portfolio MEMPHIS, TN 241,353241.4k $29.9m $29.9m 3.71% Reduced -10.9k -10,858
93 Austin Private Wealth, LLC 4.73% of their portfolio Austin, TX 238,784238.8k $29.6m $29.6m 4.73% New
94 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 1.02% of their portfolio NORFOLK, VA 236,832236.8k $29.4m $29.4m 1.02% Added +158.1k +158,139
95 PRUDENTIAL FINANCIAL INC 0.05% of their portfolio NEWARK, NJ 235,640235.6k $29.2m $29.2m 0.05% Added +206.4k +206,436
96 Bogart Wealth, LLC 1.95% of their portfolio MCLEAN, VA 235,479235.5k $29.2m $29.2m 1.95% Added +4.6k +4,555
97 CFS Investment Advisory Services, LLC 5.20% of their portfolio TOTOWA, NJ 230,587230.6k $28.6m $28.6m 5.20% Added +205.6k +205,570
98 RVW Wealth, LLC 3.38% of their portfolio LOS ANGELES, CA 219,918219.9k $27.3m $27.3m 3.38% Reduced -67.9k -67,882
99 Sharkey, Howes & Javer 5.77% of their portfolio DENVER, CO 216,743216.7k $26.9m $26.9m 5.77% Added +212.9k +212,914
100 Fragasso Financial Advisors Inc 3.03% of their portfolio SEWICKLEY, PA 214,315214.3k $26.6m $26.6m 3.03% Added +10.2k +10,247