Vault-13

ISHARES TR QUAL

MSCI USA QLT FCT · ETP · CUSIP 46432F339

1,248 institutional holders +78 vs Q4 2023
243,703,380243.7m shares reported held*
$40.0bnreported value*
136 new 517 added 429 reduced 59 sold out net bought ≈ $2.8bn (+16.8m 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 ($153.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $164.29. Options: 3 managers hold calls ($6.0m notional), 3 hold puts ($875.1k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 807Q4 22: 825Q1 23: 918Q2 23: 1,008Q3 23: 1,049Q4 23: 1,170Q1 24: 1,2481,248Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022807
Q4 2022825
Q1 2023918
Q2 20231,008
Q3 20231,049
Q4 20231,170
Q1 20241,248

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 23Q1 24: 653 bought or addedQ1 24: 488 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022299424
Q1 2023515325
Q2 2023561343
Q3 2023429503
Q4 2023614409
Q1 2024653488

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 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 0.67Q1 24 calls: $6.0mQ1 24 puts: $875.1kQ1 24P/C 0.15
Numbers
QuarterCallsPutsP/C
Q2 2023$5.3m$3.2m0.61
Q3 2023$3.7m$3.2m0.86
Q4 2023$4.9m$3.3m0.67
Q1 2024$6.0m$875.1k0.15

Biggest buyers

MORGAN STANLEY Added +8,711,433+8.7m
Cetera Investment Advisers Added +982,323+982.3k
WELLS FARGO & COMPANY/MN Added +923,312+923.3k
SCS Capital Management LLC Added +909,024+909.0k
JPMORGAN CHASE & CO Added +852,620+852.6k
BANK OF AMERICA CORP /DE/ Added +812,794+812.8k
3EDGE Asset Management, LP New +617,423+617.4k
HighTower Advisors, LLC Added +496,081+496.1k
M&T Bank Corp Added +396,759+396.8k
ROYAL BANK OF CANADA Added +373,646+373.6k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -1,780,889-1.8m
FMR LLC Reduced -582,016-582.0k
Blue Trust, Inc. Reduced -502,696-502.7k
Cetera Advisor Networks LLC Sold out -476,934-476.9k
PNC Financial Services Group, Inc. Reduced -324,003-324.0k
Cetera Advisors LLC Sold out -314,111-314.1k
Mill Creek Capital Advisors, LLC Reduced -283,744-283.7k
TWO SIGMA ADVISERS, LP Reduced -248,600-248.6k
Financial Gravity Asset Management, Inc. Reduced -224,044-224.0k
CWM, LLC Reduced -191,874-191.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.7m28.7k shares
CITADEL ADVISORS LLC Reduced $1.0m6.1k shares
WOLVERINE TRADING, LLC Added $279.4k1.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $624.5k3.8k shares
CITADEL ADVISORS LLC Added $246.5k1.5k shares
Cutler Group LLC / CA Added $4.0k4.2k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 1.66% of their portfolio Berwyn, PA 27,038,27927.0m $4.4bn $4.4bn 1.66% Added +286.7k +286,732
2 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 24,452,99124.5m $4.0bn $4.0bn 0.11% Added +8.7m +8,711,433
3 FMR LLC 0.16% of their portfolio BOSTON, MA 14,746,94914.7m $2.4bn $2.4bn 0.16% Reduced -582.0k -582,016
4 LPL Financial LLC 1.15% of their portfolio FORT MILL, SC 13,047,20713.0m $2.1bn $2.1bn 1.15% Added +253.7k +253,701
5 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 10,477,33810.5m $1.7bn $1.7bn 0.08% Added +852.6k +852,620
6 PNC Financial Services Group, Inc. 1.01% of their portfolio Pittsburgh, PA 8,814,8238.8m $1.4bn $1.4bn 1.01% Reduced -324.0k -324,003
7 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 7,861,0057.9m $1.3bn $1.3bn 0.13% Added +812.8k +812,794
8 BlackRock Inc. 0.02% of their portfolio New York, NY 5,560,7815.6m $913.9m $913.9m 0.02% Added +254.6k +254,595
9 WELLS FARGO & COMPANY/MN 0.21% of their portfolio SAN FRANCISCO, CA 4,810,2974.8m $790.6m $790.6m 0.21% Added +923.3k +923,312
10 UBS Group AG 0.23% of their portfolio ZURICH, V8 4,298,4624.3m $706.5m $706.5m 0.23% Added +22.4k +22,433
11 CWM, LLC 3.32% of their portfolio OMAHA, NE 4,153,8464.2m $682.7m $682.7m 3.32% Reduced -191.9k -191,874
12 M&T Bank Corp 2.32% of their portfolio BUFFALO, NY 4,062,7454.1m $667.7m $667.7m 2.32% Added +396.8k +396,759
13 AMERIPRISE FINANCIAL INC 0.18% of their portfolio MINNEAPOLIS, MN 3,945,7753.9m $648.9m $648.9m 0.18% Added +353.2k +353,215
14 KEYBANK NATIONAL ASSOCIATION/OH 2.68% of their portfolio BROOKLYN, OH 3,944,0743.9m $648.2m $648.2m 2.68% Added +249.6k +249,629
15 Envestnet Portfolio Solutions, Inc. 1.81% of their portfolio BERWYN, PA 2,934,1352.9m $482.2m $482.2m 1.81% Added +117.9k +117,940
16 MML INVESTORS SERVICES, LLC 1.65% of their portfolio SPRINGFIELD, MA 2,441,4342.4m $401.2m $401.2m 1.65% Added +173.0k +173,033
17 Cerity Partners LLC 1.03% of their portfolio NEW YORK, NY 2,362,9402.4m $388.3m $388.3m 1.03% Reduced -17.2k -17,171
18 MERCER GLOBAL ADVISORS INC /ADV 1.10% of their portfolio DENVER, CO 2,347,3602.3m $385.8m $385.8m 1.10% Reduced -83.9k -83,905
19 Blue Trust, Inc. 5.35% of their portfolio BRENTWOOD, TN 2,312,0312.3m $380.0m $380.0m 5.35% Reduced -502.7k -502,696
20 Bank of New York Mellon Corp 0.07% of their portfolio NEW YORK, NY 2,298,7572.3m $377.8m $377.8m 0.07% Added +162.8k +162,754
21 Horizon Investments, LLC 9.28% of their portfolio Charlotte, NC 2,150,9602.2m $353.5m $353.5m 9.28% Added +309.7k +309,742
22 Facet Wealth, Inc. 11.42% of their portfolio WEST PALM BEACH, FL 2,098,7592.1m $338.6m $338.6m 11.42% Added +121.7k +121,686
23 PARK AVENUE SECURITIES LLC 4.14% of their portfolio NEW YORK, NY 1,952,1042.0m $320.8m $320.8m 4.14% Added +2.4k +2,358
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.32% of their portfolio MILWAUKEE, WI 1,912,7391.9m $314.4m $314.4m 0.32% Added +337.2k +337,249
25 Cetera Investment Advisers 0.65% of their portfolio SCHAUMBURG, IL 1,677,6641.7m $275.7m $275.7m 0.65% Added +982.3k +982,323
26 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 1,552,6621.6m $255.2m $255.2m 0.06% Added +373.6k +373,646
27 Connecticut Wealth Management, LLC 13.36% of their portfolio FARMINGTON, CT 1,527,6651.5m $251.1m $251.1m 13.36% Added +14.5k +14,511
28 Merriman Wealth Management, LLC 10.10% of their portfolio SEATTLE, WA 1,378,2771.4m $226.5m $226.5m 10.10% Added +22.8k +22,833
29 COMMONWEALTH EQUITY SERVICES, LLC 0.38% of their portfolio WALTHAM, MA 1,375,2511.4m $226.0m $226.0m 0.38% Added +176.6k +176,581
30 STIFEL FINANCIAL CORP 0.25% of their portfolio ST. LOUIS, MO 1,358,8901.4m $223.3m $223.3m 0.25% Added +32.8k +32,804
31 Janney Montgomery Scott LLC 0.66% of their portfolio PHILADELPHIA, PA 1,347,9191.3m $221.5m $221.5m 0.66% Added +6.1k +6,102
32 HighTower Advisors, LLC 0.34% of their portfolio CHICAGO, IL 1,277,2751.3m $209.9m $209.9m 0.34% Added +496.1k +496,081
33 Wharton Business Group, LLC 10.05% of their portfolio MALVERN, PA 1,271,3321.3m $208.9m $208.9m 10.05% Reduced -14.0k -14,044
34 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.17% of their portfolio Toronto, A6 1,086,9911.1m $178.6m $178.6m 0.17% Added +30.9k +30,944
35 Composition Wealth, LLC 4.43% of their portfolio LOS ANGELES, CA 1,071,7801.1m $176.1m $176.1m 4.43% Added +265.4k +265,441
36 Integrated Wealth Concepts LLC 2.53% of their portfolio WALTHAM, MA 1,064,5171.1m $175.0m $175.0m 2.53% Added +65.5k +65,474
37 SCS Capital Management LLC 1.83% of their portfolio BOSTON, MA 1,044,8621.0m $171.7m $171.7m 1.83% Added +909.0k +909,024
38 OSAIC HOLDINGS, INC. 0.36% of their portfolio SCOTTSDALE, AZ 982,407982.4k $161.5m $161.5m 0.36% Reduced -1.8m -1,780,889
39 Thrivent Financial for Lutherans 0.31% of their portfolio Minneapolis, MN 933,593933.6k $153.4m $153.4m 0.31% Added +80.1k +80,143
40 RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio ST PETERSBURG, FL 852,045852.0k $140.0m $140.0m 0.09% Reduced -19.3k -19,278
41 Corient Private Wealth LP 0.24% of their portfolio MIAMI, FL 835,909835.9k $137.4m $137.4m 0.24% Reduced -21.1k -21,142
42 Raymond James Financial Services Advisors, Inc. 0.19% of their portfolio ST. PETERSBURG, FL 781,525781.5k $128.4m $128.4m 0.19% Added +38.7k +38,713
43 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 3.97% of their portfolio Seattle, WA 777,913777.9k $127.8m $127.8m 3.97% Added +28.3k +28,277
44 OneDigital Investment Advisors LLC 1.92% of their portfolio OVERLAND PARK, KS 742,628742.6k $122.1m $122.1m 1.92% Reduced -88.5k -88,525
45 Bluespring Wealth Management, LLC 12.79% of their portfolio AUSTIN, TX 709,497709.5k $116.6m $116.6m 12.79% Reduced -1.3k -1,293
46 Balentine LLC 3.42% of their portfolio ATLANTA, GA 697,952698.0k $114.7m $114.7m 3.42% Reduced -19.6k -19,604
47 TIAA TRUST, NATIONAL ASSOCIATION 0.34% of their portfolio CHARLOTTE, NC 682,565682.6k $112.2m $112.2m 0.34% Added +45.4k +45,430
48 Orgel Wealth Management, LLC 3.00% of their portfolio ALTOONA, WI 666,298666.3k $109.5m $109.5m 3.00% Added +236.1k +236,087
49 GYL Financial Synergies, LLC 8.11% of their portfolio West Hartford, CT 629,036629.0k $103.4m $103.4m 8.11% Added +3.2k +3,230
50 3EDGE Asset Management, LP 7.91% of their portfolio Naples, FL 617,423617.4k $101.5m $101.5m 7.91% New
51 Bogart Wealth, LLC 5.18% of their portfolio MCLEAN, VA 612,536612.5k $100.7m $100.7m 5.18% Reduced -3.7k -3,700
52 Foundations Investment Advisors, LLC 2.53% of their portfolio PHOENIX, AZ 587,885587.9k $96.6m $96.6m 2.53% Added +186.1k +186,070
53 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.79% of their portfolio IRVING, TX 583,833583.8k $96.0m $96.0m 0.79% Reduced -39.8k -39,824
54 Sage Mountain Advisors LLC 9.87% of their portfolio ATLANTA, GA 577,699577.7k $94.9m $94.9m 9.87% Added +22.5k +22,539
55 Obermeyer Wealth Partners 5.45% of their portfolio ASPEN, CO 563,454563.5k $92.6m $92.6m 5.45% Added +21.7k +21,706
56 Prime Capital Investment Advisors, LLC 1.27% of their portfolio OVERLAND PARK, KS 555,141555.1k $91.2m $91.2m 1.27% Added +71.3k +71,294
57 JB Capital LLC 6.07% of their portfolio WETHERSFIELD, CT 555,016555.0k $91.2m $91.2m 6.07% Reduced -1.5k -1,487
58 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 554,006554.0k $91.1m $91.1m 0.03% Reduced -37.2k -37,190
59 Parallel Advisors, LLC 2.40% of their portfolio SAN FRANCISCO, CA 537,889537.9k $88.4m $88.4m 2.40% Added +6.7k +6,743
60 Cambridge Investment Research Advisors, Inc. 0.34% of their portfolio FAIRFIELD, IA 537,346537.3k $88.3m $88.3m 0.34% Reduced -472 -472
61 TWO SIGMA INVESTMENTS, LP 0.22% of their portfolio NEW YORK, NY 536,300536.3k $88.1m $88.1m 0.22% Added +111.5k +111,500
62 Cresset Asset Management, LLC 0.42% of their portfolio Chicago, IL 525,605525.6k $86.4m $86.4m 0.42% Added +55.8k +55,770
63 Savant Capital, LLC 0.97% of their portfolio ROCKFORD, IL 515,144515.1k $84.7m $84.7m 0.97% Reduced -10.9k -10,856
64 AE Wealth Management LLC 0.92% of their portfolio TOPEKA, KS 493,568493.6k $81.1m $81.1m 0.92% Reduced -89.5k -89,474
65 Kestra Advisory Services, LLC 0.54% of their portfolio AUSTIN, TX 492,753492.8k $81.0m $81.0m 0.54% Added +69.6k +69,586
66 US BANCORP \DE\ 0.11% of their portfolio MINNEAPOLIS, MN 486,337486.3k $79.9m $79.9m 0.11% Reduced -8.6k -8,605
67 NewEdge Advisors, LLC 0.69% of their portfolio NEW ORLEANS, LA 480,921480.9k $79.0m $79.0m 0.69% Added +8.8k +8,793
68 Unison Advisors LLC 7.64% of their portfolio PROVIDENCE, RI 470,763470.8k $77.4m $77.4m 7.64% Added +36.2k +36,238
69 Baker Avenue Asset Management, LP 2.99% of their portfolio SAN FRANCISCO, CA 460,790460.8k $75.7m $75.7m 2.99% Added +10.0k +9,984
70 D.A. DAVIDSON & CO. 0.67% of their portfolio GREAT FALLS, MT 455,413455.4k $74.8m $74.8m 0.67% Reduced -20.0k -20,028
71 Atria Wealth Solutions, Inc. 0.84% of their portfolio NEW YORK, NY 454,084454.1k $74.6m $74.6m 0.84% Added +363 +363
72 JOHNSON INVESTMENT COUNSEL INC 0.80% of their portfolio Cincinnati, OH 448,224448.2k $73.7m $73.7m 0.80% Added +7.8k +7,774
73 Haverford Trust Co 0.76% of their portfolio Radnor, PA 443,753443.8k $72.9m $72.9m 0.76% Added +270.6k +270,550
74 CAPTRUST FINANCIAL ADVISORS 0.26% of their portfolio RALEIGH, NC 437,435437.4k $71.9m $71.9m 0.26% Added +36.3k +36,288
75 Gradient Investments LLC 1.65% of their portfolio ARDEN HILLS, MN 432,782432.8k $71.1m $71.1m 1.65% Reduced -22.6k -22,629
76 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 1.91% of their portfolio NORFOLK, VA 415,488415.5k $68.3m $68.3m 1.91% Reduced -3.2k -3,201
77 SYNOVUS FINANCIAL CORP 0.87% of their portfolio Columbus, GA 407,911407.9k $67.0m $67.0m 0.87% Added +282 +282
78 Equitable Holdings, Inc. 0.74% of their portfolio NEW YORK, NY 400,544400.5k $65.8m $65.8m 0.74% Added +83.7k +83,655
79 Cable Hill Partners, LLC 7.16% of their portfolio PORTLAND, OR 397,694397.7k $58.4m $58.4m 7.16% Unchanged
80 Mariner, LLC 0.13% of their portfolio Overland Park, KS 384,791384.8k $63.2m $63.2m 0.13% Added +240.4k +240,357
81 PINNACLE ASSOCIATES LTD 0.99% of their portfolio NEW YORK, NY 382,309382.3k $62.8m $62.8m 0.99% Added +7.2k +7,205
82 SACHEM HILL LLC 14.57% of their portfolio DENVER, CO 378,010378.0k $62.1m $62.1m 14.57% Reduced -2.6k -2,591
83 HOWARD FINANCIAL SERVICES, LTD. 10.45% of their portfolio DALLAS, TX 369,040369.0k $60.7m $60.7m 10.45% Reduced -1.8k -1,795
84 UMB Bank, n.a. 0.93% of their portfolio Kansas City, MO 357,829357.8k $58.8m $58.8m 0.93% Added +15.5k +15,494
85 SAX WEALTH ADVISORS, LLC 6.65% of their portfolio PARSIPPANY, NJ 346,285346.3k $56.9m $56.9m 6.65% Added +155.0k +155,039
86 Private Advisor Group, LLC 0.41% of their portfolio MORRISTOWN, NJ 342,986343.0k $56.4m $56.4m 0.41% Added +28.5k +28,523
87 Financial Advisors, LLC 11.61% of their portfolio ANDOVER, MA 341,147341.1k $56.1m $56.1m 11.61% Reduced -1.3k -1,325
88 BARINGS LLC 1.35% of their portfolio CHARLOTTE, NC 327,813327.8k $53.9m $53.9m 1.35% Reduced -40.3k -40,251
89 Wilmington Savings Fund Society, FSB 2.06% of their portfolio WILMINGTON, DE 326,697326.7k $53.7m $53.7m 2.06% First filing
90 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.14% of their portfolio PLYMOUTH, MN 326,151326.2k $53.6m $53.6m 0.14% Added +3.0k +3,043
91 Fragasso Financial Advisors Inc 4.46% of their portfolio SEWICKLEY, PA 320,759320.8k $52.7m $52.7m 4.46% Added +5.1k +5,054
92 Baron Wealth Management LLC 26.54% of their portfolio TROY, MI 304,155304.2k $50.0m $50.0m 26.54% Reduced -2.7k -2,675
93 Advocacy Wealth Management, LLC 4.29% of their portfolio ATLANTA, GA 303,971304.0k $50.0m $50.0m 4.29% Added +180.0k +179,982
94 SVB WEALTH LLC 1.08% of their portfolio BOSTON, MA 294,799294.8k $48.5m $48.5m 1.08% Reduced -4.4k -4,410
95 Steward Partners Investment Advisory, LLC 0.52% of their portfolio STAMFORD, CT 285,776285.8k $47.0m $47.0m 0.52% Reduced -3.6k -3,631
96 MA Private Wealth 9.46% of their portfolio SAN CARLOS, CA 283,939283.9k $46.7m $46.7m 9.46% Added +11.3k +11,343
97 Trilogy Capital Inc. 2.67% of their portfolio IRVINE, CA 282,782282.8k $46.5m $46.5m 2.67% Reduced -15.8k -15,832
98 Valence8 US LP 24.15% of their portfolio Cambridge, MA 281,758281.8k $46.3m $46.3m 24.15% Added +3.9k +3,894
99 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 275,061275.1k $45.2m $45.2m 0.07% Added +46.5k +46,502
100 Atria Investments, Inc 0.60% of their portfolio Charlotte, NC 265,125265.1k $43.6m $43.6m 0.60% Added +796 +796