Vault-13

ISHARES TR QUAL

MSCI USA QLT FCT · ETP · CUSIP 46432F339

1,049 institutional holders +41 vs Q2 2023
204,534,298204.5m shares reported held*
$26.9bnreported value*
92 new 337 added 448 reduced 55 sold out net sold ≈ $927.7m (-6.9m 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 ($99.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $131.70. Options: 3 managers hold calls ($3.7m notional), 4 hold puts ($3.2m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 807Q4 22: 825Q1 23: 918Q2 23: 1,008Q3 23: 1,0491,049Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022807
Q4 2022825
Q1 2023918
Q2 20231,008
Q3 20231,049

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 23Q3 23: 429 bought or addedQ3 23: 503 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022299424
Q1 2023515325
Q2 2023561343
Q3 2023429503

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ4 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 0.61Q3 23 calls: $3.7mQ3 23 puts: $3.2mQ3 23P/C 0.86
Numbers
QuarterCallsPutsP/C
Q4 2022$2.2m$7.7m3.51
Q1 2023$3.8m$1.6m0.43
Q2 2023$5.3m$3.2m0.61
Q3 2023$3.7m$3.2m0.86

Biggest buyers

Merriman Wealth Management, LLC Added +966,750+966.8k
FMR LLC Added +923,875+923.9k
Bank of New York Mellon Corp Added +882,291+882.3k
OSAIC HOLDINGS, INC. Added +678,815+678.8k
MANUFACTURERS LIFE INSURANCE COMPANY, THE New +505,726+505.7k
TWO SIGMA INVESTMENTS, LP Added +407,500+407.5k
RESOURCE CONSULTING GROUP INC Added +366,692+366.7k
AMERIPRISE FINANCIAL INC Added +349,044+349.0k
GOLDMAN SACHS GROUP INC Added +299,621+299.6k
TWO SIGMA ADVISERS, LP Added +246,200+246.2k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -8,475,229-8.5m
PNC Financial Services Group, Inc. Reduced -1,254,028-1.3m
CWM, LLC Reduced -1,024,835-1.0m
LPL Financial LLC Reduced -846,890-846.9k
BlackRock Inc. Reduced -843,551-843.6k
PARK AVENUE SECURITIES LLC Reduced -639,321-639.3k
Janney Montgomery Scott LLC Reduced -322,228-322.2k
MORGAN STANLEY Reduced -312,839-312.8k
CreativeOne Wealth, LLC Reduced -307,935-307.9k
JPMORGAN CHASE & CO Reduced -299,618-299.6k

Biggest calls

CITADEL ADVISORS LLC Added $1.9m14.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m9.5k shares
Belvedere Trading LLC Reduced $593.1k4.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.1m23.5k shares
CITADEL ADVISORS LLC Reduced $79.1k600 shares
Private Advisor Group, LLC New $1.4k1.1k shares
Cutler Group LLC / CA New $0200 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 1.57% of their portfolio Berwyn, PA 26,007,16726.0m $3.4bn $3.4bn 1.57% Reduced -8.5m -8,475,229
2 FMR LLC 0.17% of their portfolio BOSTON, MA 14,616,00814.6m $1.9bn $1.9bn 0.17% Added +923.9k +923,875
3 LPL Financial LLC 1.09% of their portfolio FORT MILL, SC 11,826,81911.8m $1.6bn $1.6bn 1.09% Reduced -846.9k -846,890
4 PNC Financial Services Group, Inc. 1.22% of their portfolio Pittsburgh, PA 10,777,66910.8m $1.4bn $1.4bn 1.22% Reduced -1.3m -1,254,028
5 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 7,015,7957.0m $924.6m $924.6m 0.09% Reduced -312.8k -312,839
6 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 6,639,4266.6m $875.0m $875.0m 0.11% Reduced -115.0k -114,954
7 BlackRock Inc. 0.02% of their portfolio New York, NY 5,667,2435.7m $746.9m $746.9m 0.02% Reduced -843.6k -843,551
8 CWM, LLC 3.70% of their portfolio OMAHA, NE 4,580,2924.6m $603.6m $603.6m 3.70% Reduced -1.0m -1,024,835
9 UBS Group AG 0.25% of their portfolio ZURICH, V8 4,075,3744.1m $537.1m $537.1m 0.25% Reduced -69.0k -69,040
10 OSAIC HOLDINGS, INC. 0.78% of their portfolio SCOTTSDALE, AZ 3,993,2714.0m $526.4m $526.4m 0.78% Added +678.8k +678,815
11 M&T Bank Corp 1.90% of their portfolio BUFFALO, NY 3,606,2153.6m $475.3m $475.3m 1.90% Added +125.0k +124,951
12 KEYBANK NATIONAL ASSOCIATION/OH 2.23% of their portfolio BROOKLYN, OH 3,532,3313.5m $465.5m $465.5m 2.23% Reduced -61.2k -61,182
13 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 3,253,5163.3m $428.8m $428.8m 0.05% Reduced -299.6k -299,618
14 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 3,226,1723.2m $425.3m $425.3m 0.14% Added +349.0k +349,044
15 WELLS FARGO & COMPANY/MN 0.12% of their portfolio SAN FRANCISCO, CA 2,989,7293.0m $394.0m $394.0m 0.12% Added +136.6k +136,619
16 Blue Trust, Inc. 6.07% of their portfolio BRENTWOOD, TN 2,950,8493.0m $398.0m $398.0m 6.07% Added +66.5k +66,479
17 MERCER GLOBAL ADVISORS INC /ADV 1.33% of their portfolio DENVER, CO 2,652,8372.7m $349.6m $349.6m 1.33% Reduced -212.6k -212,576
18 Envestnet Portfolio Solutions, Inc. 1.59% of their portfolio BERWYN, PA 2,558,0912.6m $337.1m $337.1m 1.59% First filing
19 Horizon Investments, LLC 10.19% of their portfolio Charlotte, NC 2,540,4152.5m $334.8m $334.8m 10.19% Added +232.7k +232,693
20 Cerity Partners LLC 1.50% of their portfolio NEW YORK, NY 2,330,5902.3m $307.7m $307.7m 1.50% Reduced -215.2k -215,227
21 Bank of New York Mellon Corp 0.06% of their portfolio NEW YORK, NY 2,047,2502.0m $269.8m $269.8m 0.06% Added +882.3k +882,291
22 MML INVESTORS SERVICES, LLC 1.43% of their portfolio SPRINGFIELD, MA 1,965,2652.0m $259.0m $259.0m 1.43% Reduced -213.8k -213,775
23 PARK AVENUE SECURITIES LLC 3.79% of their portfolio NEW YORK, NY 1,855,2021.9m $244.5m $244.5m 3.79% Reduced -639.3k -639,321
24 Facet Wealth, Inc. 11.66% of their portfolio WEST PALM BEACH, FL 1,826,9481.8m $237.2m $237.2m 11.66% Added +142.0k +142,021
25 Connecticut Wealth Management, LLC 13.26% of their portfolio FARMINGTON, CT 1,473,7321.5m $194.2m $194.2m 13.26% Added +14.0k +14,015
26 Janney Montgomery Scott LLC 0.64% of their portfolio PHILADELPHIA, PA 1,308,7531.3m $172.5m $172.5m 0.64% Reduced -322.2k -322,228
27 Wharton Business Group, LLC 9.50% of their portfolio MALVERN, PA 1,297,3091.3m $171.0m $171.0m 9.50% Reduced -24.2k -24,155
28 Merriman Wealth Management, LLC 8.64% of their portfolio SEATTLE, WA 1,265,7531.3m $167.0m $167.0m 8.64% Added +966.8k +966,750
29 STIFEL FINANCIAL CORP 0.23% of their portfolio ST. LOUIS, MO 1,233,0261.2m $162.5m $162.5m 0.23% Reduced -175.2k -175,204
30 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,072,9091.1m $141.4m $141.4m 0.04% Added +168.1k +168,071
31 Savant Capital, LLC 2.08% of their portfolio ROCKFORD, IL 1,057,4101.1m $139.4m $139.4m 2.08% Added +82.1k +82,085
32 COMMONWEALTH EQUITY SERVICES, LLC 0.28% of their portfolio WALTHAM, MA 1,019,8071.0m $134.4m $134.4m 0.28% Reduced -8.6k -8,644
33 Integrated Wealth Concepts LLC 2.36% of their portfolio WALTHAM, MA 1,017,0371.0m $134.0m $134.0m 2.36% Reduced -45.8k -45,820
34 RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio ST PETERSBURG, FL 829,021829.0k $109.3m $109.3m 0.09% Reduced -83.2k -83,199
35 Thrivent Financial for Lutherans 0.24% of their portfolio Minneapolis, MN 753,536753.5k $99.4m $99.4m 0.24% Added +111.6k +111,578
36 Corient Private Wealth LP 0.23% of their portfolio MIAMI, FL 751,296751.3k $99.0m $99.0m 0.23% Added +9.1k +9,140
37 HighTower Advisors, LLC 0.18% of their portfolio CHICAGO, IL 722,460722.5k $95.2m $95.2m 0.18% Added +64.7k +64,715
38 Balentine LLC 3.18% of their portfolio ATLANTA, GA 721,527721.5k $95.1m $95.1m 3.18% Added +39.3k +39,315
39 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.12% of their portfolio MILWAUKEE, WI 699,543699.5k $92.2m $92.2m 0.12% Added +77.2k +77,248
40 Bluespring Wealth Management, LLC 12.15% of their portfolio AUSTIN, TX 695,955696.0k $92.1m $92.1m 12.15% Added +734 +734
41 OneDigital Investment Advisors LLC 1.88% of their portfolio OVERLAND PARK, KS 657,249657.2k $86.6m $86.6m 1.88% Reduced -20.9k -20,851
42 Cetera Investment Advisers 0.75% of their portfolio SCHAUMBURG, IL 657,194657.2k $86.6m $86.6m 0.75% Reduced -159.6k -159,583
43 Parallel Advisors, LLC 2.79% of their portfolio SAN FRANCISCO, CA 634,451634.5k $83.6m $83.6m 2.79% Added +20.7k +20,705
44 GYL Financial Synergies, LLC 8.12% of their portfolio West Hartford, CT 634,354634.4k $83.6m $83.6m 8.12% Reduced -19.7k -19,738
45 TIAA TRUST, NATIONAL ASSOCIATION 0.30% of their portfolio CHARLOTTE, NC 632,649632.6k $83.4m $83.4m 0.30% First filing
46 WEALTHSOURCE PARTNERS, LLC 5.32% of their portfolio SAN LUIS OBISPO, CA 591,051591.1k $77.9m $77.9m 5.32% Added +51.6k +51,632
47 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 3.06% of their portfolio Seattle, WA 590,074590.1k $77.8m $77.8m 3.06% Added +18.5k +18,541
48 TWO SIGMA INVESTMENTS, LP 0.21% of their portfolio NEW YORK, NY 574,000574.0k $75.6m $75.6m 0.21% Added +407.5k +407,500
49 AE Wealth Management LLC 0.44% of their portfolio TOPEKA, KS 563,521563.5k $74.3m $74.3m 0.44% Reduced -91.8k -91,802
50 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 558,757558.8k $73.6m $73.6m 0.04% Reduced -34.4k -34,396
51 Sage Mountain Advisors LLC 9.95% of their portfolio ATLANTA, GA 548,838548.8k $72.3m $72.3m 9.95% Added +25.3k +25,333
52 Raymond James Financial Services Advisors, Inc. 0.13% of their portfolio ST. PETERSBURG, FL 543,349543.3k $71.6m $71.6m 0.13% Added +125.3k +125,262
53 JB Capital LLC 5.96% of their portfolio WETHERSFIELD, CT 535,551535.6k $70.6m $70.6m 5.96% Reduced -149.8k -149,833
54 Obermeyer Wealth Partners 5.17% of their portfolio ASPEN, CO 528,077528.1k $69.6m $69.6m 5.17% Added +138.3k +138,289
55 J.P. Morgan Private Wealth Advisors LLC 0.19% of their portfolio SAN FRANCISCO, CA 509,670509.7k $67.2m $67.2m 0.19% Added +40.1k +40,126
56 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 505,726505.7k $66.6m $66.6m 0.04% New
57 Foundations Investment Advisors, LLC 1.98% of their portfolio PHOENIX, AZ 487,586487.6k $64.3m $64.3m 1.98% Reduced -29.4k -29,399
58 Cambridge Investment Research Advisors, Inc. 0.30% of their portfolio FAIRFIELD, IA 485,976486.0k $64.0m $64.0m 0.30% Added +41.8k +41,812
59 US BANCORP \DE\ 0.10% of their portfolio MINNEAPOLIS, MN 480,752480.8k $63.4m $63.4m 0.10% Added +89.6k +89,648
60 D.A. DAVIDSON & CO. 0.67% of their portfolio GREAT FALLS, MT 467,844467.8k $61.7m $61.7m 0.67% Added +4.0k +4,006
61 NewEdge Advisors, LLC 0.67% of their portfolio NEW ORLEANS, LA 460,579460.6k $60.7m $60.7m 0.67% Reduced -19.0k -19,033
62 Prime Capital Investment Advisors, LLC 1.22% of their portfolio OVERLAND PARK, KS 453,837453.8k $59.8m $59.8m 1.22% Added +126.0k +126,040
63 RESOURCE CONSULTING GROUP INC 11.42% of their portfolio ORLANDO, FL 446,677446.7k $58.9m $58.9m 11.42% Added +366.7k +366,692
64 Gradient Investments LLC 1.55% of their portfolio ARDEN HILLS, MN 444,399444.4k $58.6m $58.6m 1.55% Added +117.4k +117,431
65 Cetera Advisor Networks LLC 0.37% of their portfolio EL SEGUNDO, CA 440,465440.5k $58.0m $58.0m 0.37% Reduced -7.3k -7,251
66 JOHNSON INVESTMENT COUNSEL INC 0.74% of their portfolio Cincinnati, OH 434,562434.6k $57.3m $57.3m 0.74% Added +8.9k +8,860
67 Cresset Asset Management, LLC 0.39% of their portfolio Chicago, IL 430,350430.4k $56.9m $56.9m 0.39% Added +2.8k +2,789
68 Unison Advisors LLC 6.66% of their portfolio PROVIDENCE, RI 428,409428.4k $56.6m $56.6m 6.66% Reduced -16.0k -15,957
69 Baker Avenue Asset Management, LP 2.83% of their portfolio SAN FRANCISCO, CA 428,322428.3k $56.4m $56.4m 2.83% Added +16.4k +16,358
70 Atria Wealth Solutions, Inc. 0.79% of their portfolio NEW YORK, NY 428,248428.2k $56.6m $56.6m 0.79% Reduced -64.0k -64,045
71 CAPTRUST FINANCIAL ADVISORS 0.21% of their portfolio RALEIGH, NC 422,785422.8k $55.7m $55.7m 0.21% Reduced -24.3k -24,293
72 SVB WEALTH LLC 1.21% of their portfolio BOSTON, MA 419,401419.4k $55.3m $55.3m 1.21% Reduced -99.8k -99,775
73 SYNOVUS FINANCIAL CORP 0.61% of their portfolio Columbus, GA 406,814406.8k $53.6m $53.6m 0.61% Reduced -63.4k -63,372
74 Bogart Wealth, LLC 3.17% of their portfolio MCLEAN, VA 388,878388.9k $51.3m $51.3m 3.17% Added +118.2k +118,169
75 Cable Hill Partners, LLC 6.85% of their portfolio PORTLAND, OR 384,845384.8k $50.7m $50.7m 6.85% Added +15.5k +15,525
76 Composition Wealth, LLC 1.56% of their portfolio LOS ANGELES, CA 384,098384.1k $50.6m $50.6m 1.56% Added +183.9k +183,902
77 SACHEM HILL LLC 14.11% of their portfolio DENVER, CO 379,685379.7k $50.0m $50.0m 14.11% Reduced -6.1k -6,113
78 Orgel Wealth Management, LLC 1.67% of their portfolio ALTOONA, WI 375,878375.9k $49.5m $49.5m 1.67% Added +12.4k +12,358
79 PINNACLE ASSOCIATES LTD 0.90% of their portfolio NEW YORK, NY 368,873368.9k $48.6m $48.6m 0.90% Added +2.6k +2,554
80 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 351,909351.9k $46.4m $46.4m 0.01% Added +299.6k +299,621
81 TWO SIGMA ADVISERS, LP 0.12% of their portfolio NEW YORK, NY 344,600344.6k $45.4m $45.4m 0.12% Added +246.2k +246,200
82 Financial Advisors, LLC 11.17% of their portfolio ANDOVER, MA 342,257342.3k $45.1m $45.1m 11.17% Added +5.1k +5,071
83 HOWARD FINANCIAL SERVICES, LTD. 10.15% of their portfolio DALLAS, TX 335,887335.9k $44.3m $44.3m 10.15% Added +1.2k +1,247
84 Intelligence Driven Advisers, LLC 7.76% of their portfolio CARLSBAD, CA 332,271332.3k $43.7m $43.7m 7.76% Reduced -40.2k -40,178
85 Steward Partners Investment Advisory, LLC 0.66% of their portfolio STAMFORD, CT 325,466325.5k $42.9m $42.9m 0.66% Reduced -9.1k -9,101
86 Trilogy Capital Inc. 2.89% of their portfolio IRVINE, CA 323,965324.0k $42.7m $42.7m 2.89% Reduced -21.9k -21,944
87 PRUDENTIAL FINANCIAL INC 0.07% of their portfolio NEWARK, NJ 314,937314.9k $41.5m $41.5m 0.07% Reduced -17.1k -17,140
88 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 309,849309.8k $40.8m $40.8m 0.13% Added +219.5k +219,478
89 UMB Bank, n.a. 0.65% of their portfolio Kansas City, MO 309,088309.1k $40.7m $40.7m 0.65% Added +24.9k +24,898
90 Fragasso Financial Advisors Inc 4.24% of their portfolio SEWICKLEY, PA 306,322306.3k $40.4m $40.4m 4.24% Added +84.7k +84,681
91 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 1.38% of their portfolio NORFOLK, VA 303,512303.5k $40.0m $40.0m 1.38% Added +29.5k +29,502
92 Baron Wealth Management LLC 25.52% of their portfolio TROY, MI 303,328303.3k $40.0m $40.0m 25.52% Added +10.9k +10,913
93 Equitable Holdings, Inc. 0.57% of their portfolio NEW YORK, NY 300,826300.8k $39.6m $39.6m 0.57% Added +14.1k +14,066
94 1900 WEALTH MANAGEMENT LLC 3.88% of their portfolio SAN ANTONIO, TX 295,145295.1k $38.9m $38.9m 3.88% Reduced -110.7k -110,748
95 Well Done, LLC 8.42% of their portfolio HOLLAND, MI 288,316288.3k $38.0m $38.0m 8.42% Reduced -14.4k -14,420
96 Wilmington Savings Fund Society, FSB 1.59% of their portfolio WILMINGTON, DE 274,498274.5k $36.2m $36.2m 1.59% Added +14.2k +14,242
97 Heck Capital Advisors, LLC 6.55% of their portfolio Rhinelander, WI 268,057268.1k $35.3m $35.3m 6.55% Added +3.8k +3,845
98 Symmetry Partners, LLC 1.87% of their portfolio GLASTONBURY, CT 262,189262.2k $34.6m $34.6m 1.87% Added +5.1k +5,149
99 Private Advisor Group, LLC 0.31% of their portfolio MORRISTOWN, NJ 258,399258.4k $34.1m $34.1m 0.31% Added +44.8k +44,775
100 Sharkey, Howes & Javer 6.46% of their portfolio DENVER, CO 255,847255.8k $33.7m $33.7m 6.46% Reduced -29.5k -29,515