Vault-13

ISHARES TR QUAL

MSCI USA QLT FCT · ETP · CUSIP 46432F339

1,170 institutional holders +121 vs Q3 2023
227,582,044227.6m shares reported held*
$33.4bnreported value*
106 new 508 added 354 reduced 55 sold out net bought ≈ $3.3bn (+22.5m 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 ($128.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $146.89. Options: 3 managers hold calls ($4.9m notional), 3 hold puts ($3.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 807Q4 22: 825Q1 23: 918Q2 23: 1,008Q3 23: 1,049Q4 23: 1,1701,170Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022807
Q4 2022825
Q1 2023918
Q2 20231,008
Q3 20231,049
Q4 20231,170

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 23Q4 23: 614 bought or addedQ4 23: 409 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022299424
Q1 2023515325
Q2 2023561343
Q3 2023429503
Q4 2023614409

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ1 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 0.86Q4 23 calls: $4.9mQ4 23 puts: $3.3mQ4 23P/C 0.67
Numbers
QuarterCallsPutsP/C
Q1 2023$3.8m$1.6m0.43
Q2 2023$5.3m$3.2m0.61
Q3 2023$3.7m$3.2m0.86
Q4 2023$4.9m$3.3m0.67

Biggest buyers

MORGAN STANLEY Added +8,725,763+8.7m
JPMORGAN CHASE & CO Added +6,371,202+6.4m
LPL Financial LLC Added +966,687+966.7k
WELLS FARGO & COMPANY/MN Added +897,256+897.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +875,947+875.9k
ENVESTNET ASSET MANAGEMENT INC Added +744,380+744.4k
FMR LLC Added +712,957+713.0k
UNITED CAPITAL FINANCIAL ADVISORS, LLC Added +604,390+604.4k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +550,321+550.3k
Composition Wealth, LLC Added +422,241+422.2k

Biggest sellers

PNC Financial Services Group, Inc. Reduced -1,638,843-1.6m
OSAIC HOLDINGS, INC. Reduced -1,229,975-1.2m
Horizon Investments, LLC Reduced -699,197-699.2k
Savant Capital, LLC Reduced -531,410-531.4k
BlackRock Inc. Reduced -361,057-361.1k
GOLDMAN SACHS GROUP INC Reduced -294,835-294.8k
CWM, LLC Reduced -234,572-234.6k
MERCER GLOBAL ADVISORS INC /ADV Reduced -221,572-221.6k
TWO SIGMA INVESTMENTS, LP Reduced -149,200-149.2k
Intelligence Driven Advisers, LLC Reduced -145,655-145.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m19.9k shares
CITADEL ADVISORS LLC Reduced $1.8m12.0k shares
WOLVERINE TRADING, LLC New $235.4k1.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2m22.0k shares
CITADEL ADVISORS LLC Reduced $58.9k400 shares
Cutler Group LLC / CA Reduced $0100 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 1.63% of their portfolio Berwyn, PA 26,751,54726.8m $3.9bn $3.9bn 1.63% Added +744.4k +744,380
2 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 15,741,55815.7m $2.3bn $2.3bn 0.10% Added +8.7m +8,725,763
3 FMR LLC 0.17% of their portfolio BOSTON, MA 15,328,96515.3m $2.3bn $2.3bn 0.17% Added +713.0k +712,957
4 LPL Financial LLC 1.14% of their portfolio FORT MILL, SC 12,793,50612.8m $1.9bn $1.9bn 1.14% Added +966.7k +966,687
5 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 9,624,7189.6m $1.4bn $1.4bn 0.07% Added +6.4m +6,371,202
6 PNC Financial Services Group, Inc. 1.06% of their portfolio Pittsburgh, PA 9,138,8269.1m $1.3bn $1.3bn 1.06% Reduced -1.6m -1,638,843
7 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 7,048,2117.0m $1.0bn $1.0bn 0.12% Added +408.8k +408,785
8 BlackRock Inc. 0.02% of their portfolio New York, NY 5,306,1865.3m $780.8m $780.8m 0.02% Reduced -361.1k -361,057
9 CWM, LLC 3.44% of their portfolio OMAHA, NE 4,345,7204.3m $639.4m $639.4m 3.44% Reduced -234.6k -234,572
10 UBS Group AG 0.25% of their portfolio ZURICH, V8 4,276,0294.3m $629.2m $629.2m 0.25% Added +200.7k +200,655
11 WELLS FARGO & COMPANY/MN 0.16% of their portfolio SAN FRANCISCO, CA 3,886,9853.9m $571.9m $571.9m 0.16% Added +897.3k +897,256
12 KEYBANK NATIONAL ASSOCIATION/OH 2.42% of their portfolio BROOKLYN, OH 3,694,4453.7m $543.6m $543.6m 2.42% Added +162.1k +162,114
13 M&T Bank Corp 1.98% of their portfolio BUFFALO, NY 3,665,9863.7m $539.4m $539.4m 1.98% Added +59.8k +59,771
14 AMERIPRISE FINANCIAL INC 0.16% of their portfolio MINNEAPOLIS, MN 3,592,5603.6m $528.5m $528.5m 0.16% Added +366.4k +366,388
15 Envestnet Portfolio Solutions, Inc. 1.72% of their portfolio BERWYN, PA 2,816,1952.8m $414.4m $414.4m 1.72% Added +258.1k +258,104
16 Blue Trust, Inc. 5.95% of their portfolio BRENTWOOD, TN 2,814,7272.8m $371.0m $371.0m 5.95% Reduced -136.1k -136,122
17 OSAIC HOLDINGS, INC. 0.71% of their portfolio SCOTTSDALE, AZ 2,763,2962.8m $406.8m $406.8m 0.71% Reduced -1.2m -1,229,975
18 MERCER GLOBAL ADVISORS INC /ADV 1.08% of their portfolio DENVER, CO 2,431,2652.4m $357.7m $357.7m 1.08% Reduced -221.6k -221,572
19 Cerity Partners LLC 1.17% of their portfolio NEW YORK, NY 2,380,1112.4m $350.3m $350.3m 1.17% Added +49.5k +49,521
20 MML INVESTORS SERVICES, LLC 1.54% of their portfolio SPRINGFIELD, MA 2,268,4012.3m $333.8m $333.8m 1.54% Added +303.1k +303,136
21 Bank of New York Mellon Corp 0.06% of their portfolio NEW YORK, NY 2,136,0032.1m $314.3m $314.3m 0.06% Added +88.8k +88,753
22 Facet Wealth, Inc. 11.71% of their portfolio WEST PALM BEACH, FL 1,977,0732.0m $305.4m $305.4m 11.71% Added +150.1k +150,125
23 PARK AVENUE SECURITIES LLC 3.96% of their portfolio NEW YORK, NY 1,949,7461.9m $286.9m $286.9m 3.96% Added +94.5k +94,544
24 Horizon Investments, LLC 7.54% of their portfolio Charlotte, NC 1,841,2181.8m $270.9m $270.9m 7.54% Reduced -699.2k -699,197
25 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.26% of their portfolio MILWAUKEE, WI 1,575,4901.6m $231.8m $231.8m 0.26% Added +875.9k +875,947
26 Connecticut Wealth Management, LLC 12.79% of their portfolio FARMINGTON, CT 1,513,1541.5m $222.6m $222.6m 12.79% Added +39.4k +39,422
27 Merriman Wealth Management, LLC 9.71% of their portfolio SEATTLE, WA 1,355,4441.4m $199.5m $199.5m 9.71% Added +89.7k +89,691
28 Janney Montgomery Scott LLC 0.64% of their portfolio PHILADELPHIA, PA 1,341,8171.3m $197.4m $197.4m 0.64% Added +33.1k +33,064
29 STIFEL FINANCIAL CORP 0.25% of their portfolio ST. LOUIS, MO 1,326,0861.3m $195.1m $195.1m 0.25% Added +93.1k +93,060
30 Wharton Business Group, LLC 9.52% of their portfolio MALVERN, PA 1,285,3761.3m $189.1m $189.1m 9.52% Reduced -11.9k -11,933
31 COMMONWEALTH EQUITY SERVICES, LLC 0.32% of their portfolio WALTHAM, MA 1,198,6701.2m $176.4m $176.4m 0.32% Added +178.9k +178,863
32 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,179,0161.2m $173.5m $173.5m 0.04% Added +106.1k +106,107
33 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio Toronto, A6 1,056,0471.1m $155.4m $155.4m 0.09% Added +550.3k +550,321
34 Integrated Wealth Concepts LLC 2.41% of their portfolio WALTHAM, MA 999,043999.0k $147.0m $147.0m 2.41% Reduced -18.0k -17,994
35 RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio ST PETERSBURG, FL 871,323871.3k $128.2m $128.2m 0.10% Added +42.3k +42,302
36 Corient Private Wealth LP 0.23% of their portfolio MIAMI, FL 857,051857.1k $126.1m $126.1m 0.23% Added +105.8k +105,755
37 Thrivent Financial for Lutherans 0.27% of their portfolio Minneapolis, MN 853,450853.5k $125.6m $125.6m 0.27% Added +99.9k +99,914
38 OneDigital Investment Advisors LLC 2.14% of their portfolio OVERLAND PARK, KS 831,153831.2k $122.3m $122.3m 2.14% Added +173.9k +173,904
39 Composition Wealth, LLC 3.25% of their portfolio LOS ANGELES, CA 806,339806.3k $118.6m $118.6m 3.25% Added +422.2k +422,241
40 HighTower Advisors, LLC 0.19% of their portfolio CHICAGO, IL 781,194781.2k $114.9m $114.9m 0.19% Added +58.7k +58,734
41 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 3.75% of their portfolio Seattle, WA 749,636749.6k $110.3m $110.3m 3.75% Added +159.6k +159,562
42 Raymond James Financial Services Advisors, Inc. 0.18% of their portfolio ST. PETERSBURG, FL 742,812742.8k $109.3m $109.3m 0.18% Added +199.5k +199,463
43 Balentine LLC 3.37% of their portfolio ATLANTA, GA 717,556717.6k $105.6m $105.6m 3.37% Reduced -4.0k -3,971
44 Bluespring Wealth Management, LLC 12.40% of their portfolio AUSTIN, TX 710,790710.8k $104.7m $104.7m 12.40% Added +14.8k +14,835
45 Cetera Investment Advisers 0.83% of their portfolio SCHAUMBURG, IL 695,341695.3k $102.3m $102.3m 0.83% Added +38.1k +38,147
46 TIAA TRUST, NATIONAL ASSOCIATION 0.31% of their portfolio CHARLOTTE, NC 637,135637.1k $93.7m $93.7m 0.31% Added +4.5k +4,486
47 GYL Financial Synergies, LLC 7.62% of their portfolio West Hartford, CT 625,806625.8k $92.1m $92.1m 7.62% Reduced -8.5k -8,548
48 WEALTHSOURCE PARTNERS, LLC 5.99% of their portfolio SAN LUIS OBISPO, CA 625,172625.2k $92.0m $92.0m 5.99% Added +34.1k +34,121
49 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.76% of their portfolio IRVING, TX 623,657623.7k $91.8m $91.8m 0.76% Added +604.4k +604,390
50 Bogart Wealth, LLC 5.12% of their portfolio MCLEAN, VA 616,236616.2k $90.7m $90.7m 5.12% Added +227.4k +227,358
51 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 591,196591.2k $87.0m $87.0m 0.04% Added +32.4k +32,439
52 AE Wealth Management LLC 0.45% of their portfolio TOPEKA, KS 583,042583.0k $88.2m $88.2m 0.45% Added +19.5k +19,521
53 JB Capital LLC 6.04% of their portfolio WETHERSFIELD, CT 556,503556.5k $81.9m $81.9m 6.04% Added +21.0k +20,952
54 Sage Mountain Advisors LLC 9.48% of their portfolio ATLANTA, GA 555,160555.2k $81.7m $81.7m 9.48% Added +6.3k +6,322
55 Obermeyer Wealth Partners 5.44% of their portfolio ASPEN, CO 541,748541.7k $79.7m $79.7m 5.44% Added +13.7k +13,671
56 Cambridge Investment Research Advisors, Inc. 0.34% of their portfolio FAIRFIELD, IA 537,818537.8k $79.1m $79.1m 0.34% Added +51.8k +51,842
57 Parallel Advisors, LLC 2.32% of their portfolio SAN FRANCISCO, CA 531,146531.1k $78.2m $78.2m 2.32% Reduced -103.3k -103,305
58 Savant Capital, LLC 1.00% of their portfolio ROCKFORD, IL 526,000526.0k $77.4m $77.4m 1.00% Reduced -531.4k -531,410
59 US BANCORP \DE\ 0.11% of their portfolio MINNEAPOLIS, MN 494,942494.9k $72.8m $72.8m 0.11% Added +14.2k +14,190
60 RESOURCE CONSULTING GROUP INC 12.28% of their portfolio ORLANDO, FL 487,446487.4k $71.7m $71.7m 12.28% Added +40.8k +40,769
61 Prime Capital Investment Advisors, LLC 1.07% of their portfolio OVERLAND PARK, KS 483,847483.8k $71.2m $71.2m 1.07% Added +30.0k +30,010
62 Cetera Advisor Networks LLC 0.39% of their portfolio EL SEGUNDO, CA 476,934476.9k $70.2m $70.2m 0.39% Added +36.5k +36,469
63 D.A. DAVIDSON & CO. 0.69% of their portfolio GREAT FALLS, MT 475,441475.4k $70.0m $70.0m 0.69% Added +7.6k +7,597
64 NewEdge Advisors, LLC 0.66% of their portfolio NEW ORLEANS, LA 472,128472.1k $70.0m $70.0m 0.66% Added +11.5k +11,549
65 Cresset Asset Management, LLC 0.42% of their portfolio Chicago, IL 469,835469.8k $69.2m $69.2m 0.42% Added +39.5k +39,485
66 Gradient Investments LLC 1.62% of their portfolio ARDEN HILLS, MN 455,411455.4k $67.0m $67.0m 1.62% Added +11.0k +11,012
67 Atria Wealth Solutions, Inc. 0.84% of their portfolio NEW YORK, NY 453,721453.7k $66.8m $66.8m 0.84% Added +25.5k +25,473
68 Baker Avenue Asset Management, LP 2.92% of their portfolio SAN FRANCISCO, CA 450,806450.8k $66.3m $66.3m 2.92% Added +22.5k +22,484
69 JOHNSON INVESTMENT COUNSEL INC 0.76% of their portfolio Cincinnati, OH 440,450440.4k $64.8m $64.8m 0.76% Added +5.9k +5,888
70 Unison Advisors LLC 6.78% of their portfolio PROVIDENCE, RI 434,525434.5k $64.0m $64.0m 6.78% Added +6.1k +6,116
71 Orgel Wealth Management, LLC 1.87% of their portfolio ALTOONA, WI 430,211430.2k $63.3m $63.3m 1.87% Added +54.3k +54,333
72 TWO SIGMA INVESTMENTS, LP 0.15% of their portfolio NEW YORK, NY 424,800424.8k $62.5m $62.5m 0.15% Reduced -149.2k -149,200
73 Kestra Advisory Services, LLC 0.51% of their portfolio AUSTIN, TX 423,167423.2k $62.3m $62.3m 0.51% Added +181.7k +181,678
74 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 1.88% of their portfolio NORFOLK, VA 418,689418.7k $61.6m $61.6m 1.88% Added +115.2k +115,177
75 SYNOVUS FINANCIAL CORP 0.85% of their portfolio Columbus, GA 407,629407.6k $60.0m $60.0m 0.85% Added +815 +815
76 Foundations Investment Advisors, LLC 1.64% of their portfolio PHOENIX, AZ 401,815401.8k $61.2m $61.2m 1.64% Reduced -85.8k -85,771
77 CAPTRUST FINANCIAL ADVISORS 0.20% of their portfolio RALEIGH, NC 401,147401.1k $59.0m $59.0m 0.20% Reduced -21.6k -21,638
78 Cable Hill Partners, LLC 7.16% of their portfolio PORTLAND, OR 397,694397.7k $58.4m $58.4m 7.16% Added +12.8k +12,849
79 TWO SIGMA ADVISERS, LP 0.14% of their portfolio NEW YORK, NY 396,800396.8k $58.4m $58.4m 0.14% Added +52.2k +52,200
80 SACHEM HILL LLC 14.14% of their portfolio DENVER, CO 380,601380.6k $56.0m $56.0m 14.14% Added +916 +916
81 PINNACLE ASSOCIATES LTD 0.93% of their portfolio NEW YORK, NY 375,104375.1k $55.2m $55.2m 0.93% Added +6.2k +6,231
82 HOWARD FINANCIAL SERVICES, LTD. 10.53% of their portfolio DALLAS, TX 370,835370.8k $54.6m $54.6m 10.53% Added +34.9k +34,948
83 BARINGS LLC 1.73% of their portfolio CHARLOTTE, NC 368,064368.1k $54.2m $54.2m 1.73% Added +327.8k +327,813
84 Financial Advisors, LLC 11.30% of their portfolio ANDOVER, MA 342,472342.5k $50.4m $50.4m 11.30% Added +215 +215
85 UMB Bank, n.a. 0.74% of their portfolio Kansas City, MO 342,335342.3k $50.4m $50.4m 0.74% Added +33.2k +33,247
86 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.14% of their portfolio PLYMOUTH, MN 323,108323.1k $47.5m $47.5m 0.14% Added +13.3k +13,259
87 Equitable Holdings, Inc. 0.58% of their portfolio NEW YORK, NY 316,889316.9k $46.6m $46.6m 0.58% Added +16.1k +16,063
88 PRUDENTIAL FINANCIAL INC 0.07% of their portfolio NEWARK, NJ 316,567316.6k $46.6m $46.6m 0.07% Added +1.6k +1,630
89 Fragasso Financial Advisors Inc 4.23% of their portfolio SEWICKLEY, PA 315,705315.7k $46.5m $46.5m 4.23% Added +9.4k +9,383
90 Private Advisor Group, LLC 0.36% of their portfolio MORRISTOWN, NJ 314,463314.5k $46.3m $46.3m 0.36% Added +56.1k +56,064
91 Cetera Advisors LLC 0.64% of their portfolio DENVER, CO 314,111314.1k $46.2m $46.2m 0.64% Added +73.9k +73,939
92 Baron Wealth Management LLC 24.73% of their portfolio TROY, MI 306,830306.8k $45.1m $45.1m 24.73% Added +3.5k +3,502
93 Mill Creek Capital Advisors, LLC 1.31% of their portfolio Conshohocken, PA 300,930300.9k $44.3m $44.3m 1.31% Added +80.2k +80,216
94 SVB WEALTH LLC 1.07% of their portfolio BOSTON, MA 299,209299.2k $44.0m $44.0m 1.07% Reduced -120.2k -120,192
95 Trilogy Capital Inc. 2.72% of their portfolio IRVINE, CA 298,614298.6k $43.9m $43.9m 2.72% Reduced -25.4k -25,351
96 Sharkey, Howes & Javer 7.58% of their portfolio DENVER, CO 292,094292.1k $43.0m $43.0m 7.58% Added +36.2k +36,247
97 Steward Partners Investment Advisory, LLC 0.58% of their portfolio STAMFORD, CT 289,407289.4k $42.6m $42.6m 0.58% Reduced -36.1k -36,059
98 Well Done, LLC 8.10% of their portfolio HOLLAND, MI 281,337281.3k $41.4m $41.4m 8.10% Reduced -7.0k -6,979
99 Valence8 US LP 23.87% of their portfolio Cambridge, MA 277,864277.9k $40.9m $40.9m 23.87% New
100 Symmetry Partners, LLC 2.21% of their portfolio GLASTONBURY, CT 277,697277.7k $40.9m $40.9m 2.21% Added +15.5k +15,508