Vault-13

ISHARES TR QUAL

MSCI USA QLT FCT · ETP · CUSIP 46432F339

1,008 institutional holders +90 vs Q1 2023
209,973,622210.0m shares reported held*
$28.3bnreported value*
112 new 449 added 300 reduced 43 sold out net bought ≈ $1.5bn (+11.2m 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 ($73.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $134.72. Options: 4 managers hold calls ($5.3m notional), 3 hold puts ($3.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 807Q4 22: 825Q1 23: 918Q2 23: 1,0081,008Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022807
Q4 2022825
Q1 2023918
Q2 20231,008

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 23Q2 23: 561 bought or addedQ2 23: 343 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022299424
Q1 2023515325
Q2 2023561343

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 0.43Q2 23 calls: $5.3mQ2 23 puts: $3.2mQ2 23P/C 0.61
Numbers
QuarterCallsPutsP/C
Q3 2022$1.7m$239.0k0.14
Q4 2022$2.2m$7.7m3.51
Q1 2023$3.8m$1.6m0.43
Q2 2023$5.3m$3.2m0.61

Biggest buyers

PNC Financial Services Group, Inc. Added +6,476,112+6.5m
ENVESTNET ASSET MANAGEMENT INC Added +4,774,467+4.8m
Cerity Partners LLC Added +2,055,458+2.1m
AMERIPRISE FINANCIAL INC Added +952,193+952.2k
MML INVESTORS SERVICES, LLC Added +734,802+734.8k
JPMORGAN CHASE & CO Added +639,649+639.6k
Parallel Advisors, LLC Added +568,853+568.9k
Horizon Investments, LLC Added +511,077+511.1k
BANK OF AMERICA CORP /DE/ Added +510,710+510.7k
MORGAN STANLEY Added +427,463+427.5k

Biggest sellers

FMR LLC Reduced -11,962,525-12.0m
MERCER GLOBAL ADVISORS INC /ADV Reduced -1,075,538-1.1m
SVB WEALTH LLC Reduced -396,112-396.1k
Angeles Investment Advisors, LLC Sold out -360,500-360.5k
BlackRock Inc. Reduced -320,820-320.8k
NISSAY ASSET MANAGEMENT CORP /JAPAN Reduced -254,342-254.3k
STATE OF MICHIGAN RETIREMENT SYSTEM Reduced -215,000-215.0k
Ameritas Advisory Services, LLC Reduced -179,095-179.1k
Brookstone Capital Management Reduced -154,003-154.0k
Hennion & Walsh Asset Management, Inc. Sold out -124,461-124.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.3m31.8k shares
Belvedere Trading LLC Added $714.8k5.3k shares
CITADEL ADVISORS LLC Reduced $310.2k2.3k shares
Cutler Group LLC / CA Reduced $0100 shares

Biggest puts

IAMS WEALTH MANAGEMENT, LLC New $2.0m14.9k shares
CITADEL ADVISORS LLC Added $647.4k4.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $606.9k4.5k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 2.06% of their portfolio Berwyn, PA 34,482,39634.5m $4.7bn $4.7bn 2.06% Added +4.8m +4,774,467
2 FMR LLC 0.15% of their portfolio BOSTON, MA 13,692,13313.7m $1.8bn $1.8bn 0.15% Reduced -12.0m -11,962,525
3 LPL Financial LLC 1.22% of their portfolio FORT MILL, SC 12,673,70912.7m $1.7bn $1.7bn 1.22% Added +325.4k +325,351
4 PNC Financial Services Group, Inc. 1.38% of their portfolio Pittsburgh, PA 12,031,69712.0m $1.6bn $1.6bn 1.38% Added +6.5m +6,476,112
5 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 7,328,6347.3m $988.4m $988.4m 0.10% Added +427.5k +427,463
6 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 6,754,3806.8m $911.0m $911.0m 0.11% Added +510.7k +510,710
7 BlackRock Inc. 0.02% of their portfolio New York, NY 6,510,7946.5m $878.1m $878.1m 0.02% Reduced -320.8k -320,820
8 CWM, LLC 4.67% of their portfolio OMAHA, NE 5,605,1275.6m $756.0m $756.0m 4.67% Reduced -4.0k -4,024
9 UBS Group AG 0.24% of their portfolio ZURICH, V8 4,144,4144.1m $559.0m $559.0m 0.24% Added +239.8k +239,779
10 KEYBANK NATIONAL ASSOCIATION/OH 2.20% of their portfolio BROOKLYN, OH 3,593,5133.6m $484.7m $484.7m 2.20% Reduced -6.3k -6,336
11 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 3,553,1343.6m $479.2m $479.2m 0.05% Added +639.6k +639,649
12 M&T Bank Corp 1.75% of their portfolio BUFFALO, NY 3,481,2643.5m $469.5m $469.5m 1.75% Added +309.6k +309,593
13 OSAIC HOLDINGS, INC. 0.80% of their portfolio SCOTTSDALE, AZ 3,314,4563.3m $447.1m $447.1m 0.80% Added +134.6k +134,554
14 Blue Trust, Inc. 5.68% of their portfolio BRENTWOOD, TN 2,884,3702.9m $357.8m $357.8m 5.68% Added +385.2k +385,190
15 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 2,877,1282.9m $388.1m $388.1m 0.12% Added +952.2k +952,193
16 MERCER GLOBAL ADVISORS INC /ADV 1.53% of their portfolio DENVER, CO 2,865,4132.9m $386.5m $386.5m 1.53% Reduced -1.1m -1,075,538
17 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 2,853,1102.9m $384.8m $384.8m 0.11% Added +415.7k +415,684
18 Cerity Partners LLC 1.34% of their portfolio NEW YORK, NY 2,545,8172.5m $343.4m $343.4m 1.34% Added +2.1m +2,055,458
19 PARK AVENUE SECURITIES LLC 5.33% of their portfolio NEW YORK, NY 2,494,5232.5m $336.4m $336.4m 5.33% Added +49.7k +49,714
20 Horizon Investments, LLC 8.95% of their portfolio Charlotte, NC 2,307,7222.3m $311.2m $311.2m 8.95% Added +511.1k +511,077
21 MML INVESTORS SERVICES, LLC 1.62% of their portfolio SPRINGFIELD, MA 2,179,0402.2m $293.9m $293.9m 1.62% Added +734.8k +734,802
22 Facet Wealth, Inc. 11.81% of their portfolio WEST PALM BEACH, FL 1,684,9271.7m $232.2m $232.2m 11.81% Added +166.5k +166,499
23 Janney Montgomery Scott LLC 0.77% of their portfolio PHILADELPHIA, PA 1,630,9811.6m $220.0m $220.0m 0.77% Added +79.3k +79,342
24 Connecticut Wealth Management, LLC 13.69% of their portfolio FARMINGTON, CT 1,459,7171.5m $196.9m $196.9m 13.69% Added +17.5k +17,535
25 STIFEL FINANCIAL CORP 0.26% of their portfolio ST. LOUIS, MO 1,408,2301.4m $189.9m $189.9m 0.26% Added +141.0k +140,990
26 Wharton Business Group, LLC 11.75% of their portfolio MALVERN, PA 1,321,4641.3m $178.2m $178.2m 11.75% Reduced -34.7k -34,709
27 Bank of New York Mellon Corp 0.03% of their portfolio NEW YORK, NY 1,164,9591.2m $157.1m $157.1m 0.03% Added +110.6k +110,594
28 Integrated Wealth Concepts LLC 2.46% of their portfolio WALTHAM, MA 1,062,8571.1m $143.3m $143.3m 2.46% Added +200.7k +200,662
29 COMMONWEALTH EQUITY SERVICES, LLC 0.28% of their portfolio WALTHAM, MA 1,028,4511.0m $138.7m $138.7m 0.28% Added +63.7k +63,733
30 Savant Capital, LLC 2.06% of their portfolio ROCKFORD, IL 975,325975.3k $131.5m $131.5m 2.06% Added +83.8k +83,826
31 RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio ST PETERSBURG, FL 912,220912.2k $123.0m $123.0m 0.10% Added +60.0k +60,018
32 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 904,838904.8k $122.0m $122.0m 0.03% Added +29.0k +29,009
33 PFS INVESTMENTS INC. 1.98% of their portfolio DULUTH, GA 900,552900.6k $121.5m $121.5m 1.98% Added +124.6k +124,641
34 Cetera Investment Advisers 0.93% of their portfolio SCHAUMBURG, IL 816,777816.8k $110.2m $110.2m 0.93% Added +11.5k +11,524
35 Corient Private Wealth LP 0.23% of their portfolio MIAMI, FL 742,156742.2k $100.1m $100.1m 0.23% Added +18.6k +18,551
36 Bluespring Wealth Management, LLC 12.22% of their portfolio AUSTIN, TX 695,221695.2k $93.8m $93.8m 12.22% Reduced -14.4k -14,450
37 JB Capital LLC 7.80% of their portfolio WETHERSFIELD, CT 685,384685.4k $92.4m $92.4m 7.80% Added +34.0k +33,972
38 Balentine LLC 3.03% of their portfolio ATLANTA, GA 682,212682.2k $91.5m $91.5m 3.03% Reduced -21.2k -21,178
39 OneDigital Investment Advisors LLC 2.02% of their portfolio OVERLAND PARK, KS 678,100678.1k $91.5m $91.5m 2.02% Added +67.0k +66,961
40 HighTower Advisors, LLC 0.17% of their portfolio CHICAGO, IL 657,745657.7k $88.6m $88.6m 0.17% Added +42.3k +42,274
41 AE Wealth Management LLC 0.53% of their portfolio TOPEKA, KS 655,323655.3k $88.4m $88.4m 0.53% Added +231.8k +231,830
42 GYL Financial Synergies, LLC 8.03% of their portfolio West Hartford, CT 654,092654.1k $88.2m $88.2m 8.03% Added +367 +367
43 Thrivent Financial for Lutherans 0.20% of their portfolio Minneapolis, MN 641,958642.0k $86.2m $86.2m 0.20% Added +305.3k +305,283
44 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.11% of their portfolio MILWAUKEE, WI 622,295622.3k $83.9m $83.9m 0.11% Added +114.0k +113,963
45 Parallel Advisors, LLC 2.67% of their portfolio SAN FRANCISCO, CA 613,746613.7k $82.8m $82.8m 2.67% Added +568.9k +568,853
46 TIAA, FSB 0.30% of their portfolio ST. LOUIS, MO 612,472612.5k $82.6m $82.6m 0.30% Added +111.9k +111,926
47 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 593,153593.2k $80.0m $80.0m 0.04% Added +389.9k +389,895
48 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 3.11% of their portfolio Seattle, WA 571,533571.5k $77.1m $77.1m 3.11% Added +39.1k +39,070
49 WEALTHSOURCE PARTNERS, LLC 4.79% of their portfolio SAN LUIS OBISPO, CA 539,419539.4k $72.8m $72.8m 4.79% Reduced -2.6k -2,620
50 Sage Mountain Advisors LLC 10.06% of their portfolio ATLANTA, GA 523,505523.5k $70.6m $70.6m 10.06% Reduced -7.0k -6,987
51 SVB WEALTH LLC 1.27% of their portfolio BOSTON, MA 519,176519.2k $70.0m $70.0m 1.27% Reduced -396.1k -396,112
52 Foundations Investment Advisors, LLC 2.31% of their portfolio PHOENIX, AZ 516,985517.0k $69.7m $69.7m 2.31% Added +324.3k +324,319
53 Atria Wealth Solutions, Inc. 0.91% of their portfolio NEW YORK, NY 492,293492.3k $66.4m $66.4m 0.91% Added +39.7k +39,742
54 NewEdge Advisors, LLC 0.73% of their portfolio NEW ORLEANS, LA 479,612479.6k $64.7m $64.7m 0.73% Added +39.5k +39,480
55 SYNOVUS FINANCIAL CORP 0.69% of their portfolio Columbus, GA 470,186470.2k $63.4m $63.4m 0.69% Reduced -6.7k -6,740
56 J.P. Morgan Private Wealth Advisors LLC 0.33% of their portfolio SAN FRANCISCO, CA 469,544469.5k $63.3m $63.3m 0.33% Reduced -91.6k -91,609
57 CreativeOne Wealth, LLC 1.58% of their portfolio OVERLAND PARK, KS 469,242469.2k $63.3m $63.3m 1.58% Added +144.7k +144,681
58 D.A. DAVIDSON & CO. 0.66% of their portfolio GREAT FALLS, MT 463,838463.8k $62.6m $62.6m 0.66% Added +10.7k +10,701
59 Cetera Advisor Networks LLC 0.42% of their portfolio EL SEGUNDO, CA 447,716447.7k $60.4m $60.4m 0.42% Added +9.2k +9,181
60 CAPTRUST FINANCIAL ADVISORS 0.24% of their portfolio RALEIGH, NC 447,078447.1k $60.3m $60.3m 0.24% Reduced -15.2k -15,210
61 Unison Advisors LLC 6.65% of their portfolio PROVIDENCE, RI 444,366444.4k $59.9m $59.9m 6.65% Reduced -547 -547
62 Cambridge Investment Research Advisors, Inc. 0.27% of their portfolio FAIRFIELD, IA 444,164444.2k $59.9m $59.9m 0.27% Reduced -33.1k -33,140
63 Cresset Asset Management, LLC 0.41% of their portfolio Chicago, IL 427,561427.6k $57.7m $57.7m 0.41% Added +98.5k +98,485
64 JOHNSON INVESTMENT COUNSEL INC 0.71% of their portfolio Cincinnati, OH 425,702425.7k $57.4m $57.4m 0.71% Reduced -1.7k -1,714
65 Raymond James Financial Services Advisors, Inc. 0.10% of their portfolio ST. PETERSBURG, FL 418,087418.1k $56.4m $56.4m 0.10% Added +31.6k +31,641
66 Baker Avenue Asset Management, LP 2.80% of their portfolio SAN FRANCISCO, CA 411,964412.0k $55.6m $55.6m 2.80% Added +43.1k +43,140
67 1900 WEALTH MANAGEMENT LLC 5.63% of their portfolio SAN ANTONIO, TX 405,893405.9k $54.7m $54.7m 5.63% Reduced -31.7k -31,734
68 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 391,104391.1k $52.7m $52.7m 0.09% Reduced -20.5k -20,461
69 Obermeyer Wealth Partners 3.78% of their portfolio ASPEN, CO 389,788389.8k $52.6m $52.6m 3.78% Added +297.4k +297,429
70 SACHEM HILL LLC 14.27% of their portfolio DENVER, CO 385,798385.8k $52.0m $52.0m 14.27% Reduced -12.4k -12,404
71 Intelligence Driven Advisers, LLC 8.71% of their portfolio CARLSBAD, CA 372,449372.4k $49.7m $49.7m 8.71% Reduced -21.0k -21,049
72 Cable Hill Partners, LLC 6.50% of their portfolio PORTLAND, OR 369,320369.3k $49.8m $49.8m 6.50% Added +6.0k +6,049
73 PINNACLE ASSOCIATES LTD 0.86% of their portfolio NEW YORK, NY 366,319366.3k $49.4m $49.4m 0.86% Added +15.9k +15,948
74 Orgel Wealth Management, LLC 1.62% of their portfolio ALTOONA, WI 363,520363.5k $49.0m $49.0m 1.62% Added +15.0k +15,000
75 Trilogy Capital Inc. 3.04% of their portfolio IRVINE, CA 345,909345.9k $47.7m $47.7m 3.04% Reduced -18.1k -18,081
76 Financial Advisors, LLC 10.84% of their portfolio ANDOVER, MA 337,186337.2k $45.5m $45.5m 10.84% Added +3.4k +3,367
77 HOWARD FINANCIAL SERVICES, LTD. 10.78% of their portfolio DALLAS, TX 334,640334.6k $45.1m $45.1m 10.78% Reduced -12.1k -12,135
78 Steward Partners Investment Advisory, LLC 0.68% of their portfolio STAMFORD, CT 334,567334.6k $45.1m $45.1m 0.68% Added +23.1k +23,091
79 PRUDENTIAL FINANCIAL INC 0.07% of their portfolio NEWARK, NJ 332,077332.1k $44.8m $44.8m 0.07% Added +96.4k +96,437
80 Prime Capital Investment Advisors, LLC 0.87% of their portfolio OVERLAND PARK, KS 327,797327.8k $44.2m $44.2m 0.87% Added +322.5k +322,519
81 Gradient Investments LLC 1.14% of their portfolio ARDEN HILLS, MN 326,968327.0k $44.1m $44.1m 1.14% Reduced -86.9k -86,873
82 Well Done, LLC 8.68% of their portfolio HOLLAND, MI 302,736302.7k $40.8m $40.8m 8.68% Reduced -12.8k -12,779
83 Merriman Wealth Management, LLC 1.99% of their portfolio SEATTLE, WA 299,003299.0k $40.3m $40.3m 1.99% Reduced -11.7k -11,720
84 Atria Investments, Inc 0.72% of their portfolio Charlotte, NC 297,160297.2k $40.1m $40.1m 0.72% Added +37.0k +36,953
85 Baron Wealth Management LLC 25.04% of their portfolio TROY, MI 292,415292.4k $39.4m $39.4m 25.04% Added +20.3k +20,329
86 Equitable Holdings, Inc. 0.56% of their portfolio NEW YORK, NY 286,760286.8k $38.7m $38.7m 0.56% Added +7.5k +7,530
87 Sharkey, Howes & Javer 7.28% of their portfolio DENVER, CO 285,362285.4k $38.5m $38.5m 7.28% Added +68.6k +68,619
88 UMB Bank, n.a. 0.58% of their portfolio Kansas City, MO 284,190284.2k $38.3m $38.3m 0.58% Added +283.6k +283,619
89 Cetera Advisors LLC 0.60% of their portfolio DENVER, CO 279,952280.0k $37.8m $37.8m 0.60% Added +18.1k +18,073
90 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 1.22% of their portfolio NORFOLK, VA 274,010274.0k $37.0m $37.0m 1.22% Added +37.2k +37,178
91 Bogart Wealth, LLC 2.31% of their portfolio MCLEAN, VA 270,709270.7k $36.5m $36.5m 2.31% Added +35.2k +35,230
92 TMD Wealth Management, LLC 9.48% of their portfolio SCOTTSDALE, AZ 269,576269.6k $36.4m $36.4m 9.48% Added +1.3k +1,294
93 Heck Capital Advisors, LLC 6.14% of their portfolio Rhinelander, WI 264,212264.2k $35.6m $35.6m 6.14% Added +4.1k +4,057
94 Austin Private Wealth, LLC 5.08% of their portfolio Austin, TX 260,556260.6k $35.1m $35.1m 5.08% Added +21.8k +21,772
95 Wilmington Savings Fund Society, FSB 1.46% of their portfolio WILMINGTON, DE 260,256260.3k $35.1m $35.1m 1.46% Not comparable
96 Symmetry Partners, LLC 1.84% of their portfolio GLASTONBURY, CT 257,040257.0k $34.7m $34.7m 1.84% Added +5.2k +5,198
97 Capital Investment Advisory Services, LLC 3.33% of their portfolio RALEIGH, NC 249,390249.4k $33.6m $33.6m 3.33% Added +5.2k +5,213
98 Private Ocean, LLC 4.18% of their portfolio SAN RAFAEL, CA 244,859244.9k $33.0m $33.0m 4.18% Reduced -60.8k -60,806
99 CFS Investment Advisory Services, LLC 4.01% of their portfolio TOTOWA, NJ 232,820232.8k $31.4m $31.4m 4.01% Added +2.2k +2,233
100 TD Capital Management LLC 3.73% of their portfolio MEMPHIS, TN 231,498231.5k $31.2m $31.2m 3.73% Reduced -9.9k -9,855