Vault-13

ISHARES TR QUAL

MSCI USA QLT FCT · ETP · CUSIP 46432F339

1,490 institutional holders +117 vs Q3 2024
244,839,808244.8m shares reported held*
$43.6bnreported value*
77 new 640 added 451 reduced 67 sold out net bought ≈ $24.8m (-118.8k 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 ($73.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $178.09. Options: 3 managers hold calls ($4.2m notional), 3 hold puts ($1.3m).

Trends to Q4 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: 1,248Q2 24: 1,297Q3 24: 1,373Q4 24: 1,4901,490Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022807
Q4 2022825
Q1 2023918
Q2 20231,008
Q3 20231,049
Q4 20231,170
Q1 20241,248
Q2 20241,297
Q3 20241,373
Q4 20241,490

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 23: 515 bought or addedQ1 23: 325 cut or sold outQ2 23: 561 bought or addedQ2 23: 343 cut or sold outQ2 23Q3 23: 429 bought or addedQ3 23: 503 cut or sold outQ4 23: 614 bought or addedQ4 23: 409 cut or sold outQ4 23Q1 24: 653 bought or addedQ1 24: 488 cut or sold outQ2 24: 722 bought or addedQ2 24: 435 cut or sold outQ2 24Q3 24: 733 bought or addedQ3 24: 459 cut or sold outQ4 24: 717 bought or addedQ4 24: 518 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023515325
Q2 2023561343
Q3 2023429503
Q4 2023614409
Q1 2024653488
Q2 2024722435
Q3 2024733459
Q4 2024717518

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ1 24 calls: $6.0mQ1 24 puts: $875.1kQ1 24P/C 0.15Q2 24 calls: $3.9mQ2 24 puts: $1.2mQ2 24P/C 0.32Q3 24 calls: $2.9mQ3 24 puts: $896.5kQ3 24P/C 0.31Q4 24 calls: $4.2mQ4 24 puts: $1.3mQ4 24P/C 0.32
Numbers
QuarterCallsPutsP/C
Q1 2024$6.0m$875.1k0.15
Q2 2024$3.9m$1.2m0.32
Q3 2024$2.9m$896.5k0.31
Q4 2024$4.2m$1.3m0.32

Biggest buyers

LPL Financial LLC Added +2,141,996+2.1m
Caisse de depot et placement du Quebec New +1,962,000+2.0m
Focus Partners Wealth Added +1,180,295+1.2m
ENVESTNET ASSET MANAGEMENT INC Added +596,515+596.5k
Dynasty Wealth Management, LLC Added +298,402+298.4k
FMR LLC Added +292,539+292.5k
NewEdge Advisors, LLC Added +210,633+210.6k
Blue Trust, Inc. Added +209,386+209.4k
MML INVESTORS SERVICES, LLC Added +207,543+207.5k
LIFE LINE WEALTH MANAGEMENT LLC Added +204,693+204.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -4,904,772-4.9m
Horizon Investments, LLC Reduced -1,358,745-1.4m
Balentine LLC Reduced -660,798-660.8k
Bank of New York Mellon Corp Reduced -473,645-473.6k
MERCER GLOBAL ADVISORS INC /ADV Reduced -472,053-472.1k
3EDGE Asset Management, LP Reduced -401,387-401.4k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -378,695-378.7k
PRUDENTIAL FINANCIAL INC Sold out -370,401-370.4k
M&T Bank Corp Reduced -244,792-244.8k
Integrated Wealth Concepts LLC Reduced -209,539-209.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.3m13.0k shares
CITADEL ADVISORS LLC Added $1.5m8.3k shares
WOLVERINE TRADING, LLC New $357.2k2.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $765.7k4.3k shares
WOLVERINE TRADING, LLC New $375.0k2.1k shares
CITADEL ADVISORS LLC Added $178.1k1.0k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 1.67% of their portfolio Berwyn, PA 29,141,75129.1m $5.2bn $5.2bn 1.67% Added +596.5k +596,515
2 LPL Financial LLC 1.22% of their portfolio FORT MILL, SC 16,867,82016.9m $3.0bn $3.0bn 1.22% Added +2.1m +2,141,996
3 FMR LLC 0.17% of their portfolio BOSTON, MA 16,141,30016.1m $2.9bn $2.9bn 0.17% Added +292.5k +292,539
4 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 9,093,3719.1m $1.6bn $1.6bn 0.11% Added +18.9k +18,884
5 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 7,721,0377.7m $1.4bn $1.4bn 0.13% Added +113.6k +113,633
6 PNC Financial Services Group, Inc. 0.91% of their portfolio Pittsburgh, PA 7,679,3987.7m $1.4bn $1.4bn 0.91% Reduced -152.6k -152,557
7 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 6,580,5466.6m $1.2bn $1.2bn 0.09% Reduced -4.9m -4,904,772
8 WELLS FARGO & COMPANY/MN 0.23% of their portfolio SAN FRANCISCO, CA 5,349,4395.3m $952.6m $952.6m 0.23% Added +100.2k +100,243
9 AMERIPRISE FINANCIAL INC 0.22% of their portfolio MINNEAPOLIS, MN 4,818,9134.8m $857.9m $857.9m 0.22% Added +58.0k +57,966
10 BlackRock, Inc. 0.02% of their portfolio New York, NY 4,603,4124.6m $819.8m $819.8m 0.02% Reduced -99.4k -99,354
11 UBS Group AG 0.18% of their portfolio ZURICH, V8 4,574,4634.6m $814.6m $814.6m 0.18% Reduced -9.5k -9,513
12 KEYBANK NATIONAL ASSOCIATION/OH 2.71% of their portfolio BROOKLYN, OH 3,964,3844.0m $706.0m $706.0m 2.71% Added +64.8k +64,819
13 M&T Bank Corp 2.27% of their portfolio BUFFALO, NY 3,805,4003.8m $677.7m $677.7m 2.27% Reduced -244.8k -244,792
14 CWM, LLC 2.78% of their portfolio OMAHA, NE 3,759,6923.8m $669.5m $669.5m 2.78% Reduced -192.9k -192,860
15 Envestnet Portfolio Solutions, Inc. 1.87% of their portfolio BERWYN, PA 3,218,9653.2m $573.2m $573.2m 1.87% Added +11.7k +11,653
16 MML INVESTORS SERVICES, LLC 1.88% of their portfolio SPRINGFIELD, MA 3,067,1903.1m $546.2m $546.2m 1.88% Added +207.5k +207,543
17 Cerity Partners LLC 1.04% of their portfolio NEW YORK, NY 2,690,9562.7m $479.2m $479.2m 1.04% Added +107.7k +107,659
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.37% of their portfolio MILWAUKEE, WI 2,430,8652.4m $432.9m $432.9m 0.37% Added +152.9k +152,937
19 Facet Wealth, Inc. 11.63% of their portfolio WEST PALM BEACH, FL 2,397,4612.4m $438.5m $438.5m 11.63% Added +53.9k +53,888
20 Blue Trust, Inc. 5.02% of their portfolio BRENTWOOD, TN 2,200,9582.2m $391.9m $391.9m 5.02% Added +209.4k +209,386
21 PARK AVENUE SECURITIES LLC 4.01% of their portfolio NEW YORK, NY 2,190,1212.2m $390.0m $390.0m 4.01% Added +152.9k +152,924
22 Bank of New York Mellon Corp 0.07% of their portfolio NEW YORK, NY 2,146,0842.1m $382.2m $382.2m 0.07% Reduced -473.6k -473,645
23 Cetera Investment Advisers 0.75% of their portfolio SCHAUMBURG, IL 2,013,4662.0m $358.6m $358.6m 0.75% Added +40.5k +40,500
24 Caisse de depot et placement du Quebec 0.73% of their portfolio Montreal, A8 1,962,0002.0m $349.4m $349.4m 0.73% New
25 RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio ST. PETERSBURG, FL 1,861,0281.9m $331.4m $331.4m 0.12% First filing
26 COMMONWEALTH EQUITY SERVICES, LLC 0.47% of their portfolio WALTHAM, MA 1,799,6041.8m $320.5m $320.5m 0.47% Added +55.2k +55,223
27 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 1,728,8831.7m $307.9m $307.9m 0.07% Added +22.2k +22,240
28 STIFEL FINANCIAL CORP 0.30% of their portfolio ST. LOUIS, MO 1,614,9641.6m $287.6m $287.6m 0.30% Added +117.3k +117,294
29 Connecticut Wealth Management, LLC 14.01% of their portfolio FARMINGTON, CT 1,600,4801.6m $285.0m $285.0m 14.01% Added +26.6k +26,634
30 OSAIC HOLDINGS, INC. 0.54% of their portfolio SCOTTSDALE, AZ 1,488,3171.5m $239.8m $239.8m 0.54% Added +191.4k +191,434
31 Janney Montgomery Scott LLC 0.73% of their portfolio PHILADELPHIA, PA 1,471,3871.5m $262.0m $262.0m 0.73% Added +46.5k +46,482
32 HighTower Advisors, LLC 0.34% of their portfolio CHICAGO, IL 1,410,7091.4m $251.2m $251.2m 0.34% Added +54.9k +54,902
33 Haverford Trust Co 2.44% of their portfolio Radnor, PA 1,382,4841.4m $246.2m $246.2m 2.44% Added +87.1k +87,118
34 Merriman Wealth Management, LLC 10.11% of their portfolio SEATTLE, WA 1,363,7481.4m $242.9m $242.9m 10.11% Reduced -25.2k -25,199
35 MERCER GLOBAL ADVISORS INC /ADV 0.58% of their portfolio DENVER, CO 1,341,2561.3m $238.9m $238.9m 0.58% Reduced -472.1k -472,053
36 Orgel Wealth Management, LLC 5.96% of their portfolio ALTOONA, WI 1,282,8281.3m $228.4m $228.4m 5.96% Added +46.0k +46,036
37 Wharton Business Group, LLC 10.08% of their portfolio MALVERN, PA 1,254,4941.3m $223.4m $223.4m 10.08% Reduced -13.0k -12,974
38 Composition Wealth, LLC 4.42% of their portfolio LOS ANGELES, CA 1,223,8801.2m $217.9m $217.9m 4.42% Reduced -21.1k -21,072
39 Focus Partners Wealth 0.28% of their portfolio ST LOUIS, MO 1,206,7241.2m $215.0m $215.0m 0.28% Added +1.2m +1,180,295
40 Integrated Wealth Concepts LLC 2.37% of their portfolio WALTHAM, MA 1,147,1641.1m $204.3m $204.3m 2.37% Reduced -209.5k -209,539
41 Horizon Investments, LLC 5.62% of their portfolio Charlotte, NC 1,100,7021.1m $196.0m $196.0m 5.62% Reduced -1.4m -1,358,745
42 OneDigital Investment Advisors LLC 2.16% of their portfolio OVERLAND PARK, KS 1,046,8511.0m $186.4m $186.4m 2.16% Reduced -30.6k -30,604
43 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 4.64% of their portfolio Seattle, WA 958,349958.3k $170.7m $170.7m 4.64% Added +116.2k +116,187
44 NewEdge Advisors, LLC 1.02% of their portfolio NEW ORLEANS, LA 957,359957.4k $170.5m $170.5m 1.02% Added +210.6k +210,633
45 SCS Capital Management LLC 3.40% of their portfolio BOSTON, MA 926,103926.1k $164.9m $164.9m 3.40% Reduced -29.9k -29,889
46 Sanctuary Advisors, LLC 0.92% of their portfolio INDIANAPOLIS, IN 783,589783.6k $144.9m $144.9m 0.92% Added +4.1k +4,130
47 Bluespring Wealth Management, LLC 13.60% of their portfolio AUSTIN, TX 744,106744.1k $132.5m $132.5m 13.60% Added +27.8k +27,788
48 Foundations Investment Advisors, LLC 2.38% of their portfolio PHOENIX, AZ 692,942692.9k $123.4m $123.4m 2.38% Added +32.6k +32,573
49 Corient Private Wealth LP 0.20% of their portfolio MIAMI, FL 674,046674.0k $120.0m $120.0m 0.20% Reduced -107.3k -107,287
50 Foster Group, Inc. 4.46% of their portfolio WEST DES MOINES, IA 657,271657.3k $117.0m $117.0m 4.46% Added +14.6k +14,615
51 Thrivent Financial for Lutherans 0.23% of their portfolio Minneapolis, MN 636,644636.6k $116.3m $116.3m 0.23% Reduced -86.3k -86,325
52 TIAA TRUST, NATIONAL ASSOCIATION 0.34% of their portfolio CHARLOTTE, NC 627,208627.2k $111.7m $111.7m 0.34% Reduced -104.1k -104,145
53 JB Capital LLC 6.15% of their portfolio WETHERSFIELD, CT 617,549617.5k $110.0m $110.0m 6.15% Added +18.3k +18,319
54 Kestra Investment Management, LLC 4.20% of their portfolio AUSTIN, TX 600,125600.1k $106.9m $106.9m 4.20% Added +68.2k +68,219
55 Bogart Wealth, LLC 5.06% of their portfolio MCLEAN, VA 599,287599.3k $106.7m $106.7m 5.06% Reduced -14.4k -14,408
56 Sage Mountain Advisors LLC 7.65% of their portfolio ATLANTA, GA 588,141588.1k $104.7m $104.7m 7.65% Reduced -3.1k -3,106
57 TWO SIGMA INVESTMENTS, LP 0.24% of their portfolio NEW YORK, NY 582,700582.7k $103.8m $103.8m 0.24% Added +167.8k +167,800
58 Cambridge Investment Research Advisors, Inc. 0.34% of their portfolio FAIRFIELD, IA 574,129574.1k $102.2m $102.2m 0.34% Reduced -33.9k -33,915
59 Kestra Advisory Services, LLC 0.56% of their portfolio AUSTIN, TX 571,071571.1k $101.7m $101.7m 0.56% Added +23.3k +23,262
60 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.84% of their portfolio IRVING, TX 557,580557.6k $99.3m $99.3m 0.84% Reduced -12.7k -12,745
61 Obermeyer Wealth Partners 4.89% of their portfolio ASPEN, CO 527,450527.5k $93.9m $93.9m 4.89% Reduced -44.7k -44,652
62 Dynasty Wealth Management, LLC 1.61% of their portfolio ST. PETERSBURG, FL 523,946523.9k $93.3m $93.3m 1.61% Added +298.4k +298,402
63 Cresset Asset Management, LLC 0.44% of their portfolio Chicago, IL 517,115517.1k $92.1m $92.1m 0.44% Reduced -38.7k -38,704
64 D.A. DAVIDSON & CO. 0.73% of their portfolio GREAT FALLS, MT 505,661505.7k $90.0m $90.0m 0.73% Added +27.7k +27,741
65 Clearstead Advisors, LLC 1.34% of their portfolio CLEVELAND, OH 495,972496.0k $88.3m $88.3m 1.34% Added +21.6k +21,612
66 Savant Capital, LLC 0.69% of their portfolio ROCKFORD, IL 494,941494.9k $88.1m $88.1m 0.69% Added +3.9k +3,933
67 Atria Wealth Solutions, Inc. 0.96% of their portfolio NEW YORK, NY 490,165490.2k $87.3m $87.3m 0.96% Reduced -5.1k -5,097
68 AE Wealth Management LLC 0.74% of their portfolio TOPEKA, KS 487,282487.3k $86.8m $86.8m 0.74% Added +22.1k +22,123
69 JOHNSON INVESTMENT COUNSEL INC 0.83% of their portfolio Cincinnati, OH 477,473477.5k $85.0m $85.0m 0.83% Added +16.0k +16,040
70 Prime Capital Investment Advisors, LLC 1.23% of their portfolio OVERLAND PARK, KS 475,731475.7k $84.7m $84.7m 1.23% Reduced -10.6k -10,638
71 Mariner, LLC 0.14% of their portfolio Overland Park, KS 469,145469.1k $83.5m $83.5m 0.14% Added +43.3k +43,343
72 SAX WEALTH ADVISORS, LLC 6.49% of their portfolio PARSIPPANY, NJ 465,488465.5k $82.9m $82.9m 6.49% Added +70.3k +70,262
73 Private Advisor Group, LLC 0.46% of their portfolio MORRISTOWN, NJ 463,077463.1k $82.5m $82.5m 0.46% Added +25.7k +25,705
74 Equitable Holdings, Inc. 0.78% of their portfolio NEW YORK, NY 457,908457.9k $81.5m $81.5m 0.78% Added +9.1k +9,126
75 HOWARD FINANCIAL SERVICES, LTD. 11.02% of their portfolio DALLAS, TX 454,955455.0k $81.0m $81.0m 11.02% Added +17.2k +17,186
76 Baker Avenue Asset Management, LP 2.36% of their portfolio SAN FRANCISCO, CA 432,354432.4k $77.0m $77.0m 2.36% Reduced -31.3k -31,290
77 UMB Bank, n.a. 1.21% of their portfolio Kansas City, MO 430,332430.3k $76.6m $76.6m 1.21% Added +32.5k +32,536
78 Austin Private Wealth, LLC 7.09% of their portfolio Austin, TX 424,339424.3k $75.6m $75.6m 7.09% Added +9.1k +9,119
79 Cable Hill Partners, LLC 7.50% of their portfolio PORTLAND, OR 417,816417.8k $74.4m $74.4m 7.50% Added +7.2k +7,227
80 PINNACLE ASSOCIATES LTD 1.00% of their portfolio NEW YORK, NY 412,727412.7k $73.5m $73.5m 1.00% Added +37.6k +37,623
81 CAPTRUST FINANCIAL ADVISORS 0.21% of their portfolio RALEIGH, NC 406,894406.9k $72.5m $72.5m 0.21% Added +1.3k +1,329
82 SYNOVUS FINANCIAL CORP 0.91% of their portfolio Columbus, GA 402,217402.2k $71.6m $71.6m 0.91% Added +2.7k +2,667
83 Fragasso Financial Advisors Inc 5.42% of their portfolio SEWICKLEY, PA 398,770398.8k $71.0m $71.0m 5.42% Added +7.5k +7,476
84 SACHEM HILL LLC 14.72% of their portfolio DENVER, CO 396,032396.0k $70.5m $70.5m 14.72% Reduced -5.0k -4,988
85 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 386,400386.4k $68.8m $68.8m 0.09% Reduced -11.8k -11,796
86 Advocacy Wealth Management, LLC 4.97% of their portfolio ATLANTA, GA 367,169367.2k $65.4m $65.4m 4.97% Added +18.5k +18,509
87 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 366,432366.4k $65.3m $65.3m 0.02% Reduced -155.7k -155,739
88 SAGESPRING WEALTH PARTNERS, LLC 1.65% of their portfolio FRANKLIN, TN 351,020351.0k $62.5m $62.5m 1.65% First filing
89 Summit Trail Advisors, LLC 2.30% of their portfolio NEW YORK, NY 349,459349.5k $62.2m $62.2m 2.30% Added +14.4k +14,398
90 LANDAAS & CO /WI /ADV 16.87% of their portfolio MILWAUKEE, WI 342,221342.2k $60.9m $60.9m 16.87% Added +25.1k +25,136
91 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 340,343340.3k $60.6m $60.6m 0.10% Added +31.3k +31,260
92 Gradient Investments LLC 1.22% of their portfolio ARDEN HILLS, MN 339,539339.5k $60.5m $60.5m 1.22% Added +7.5k +7,455
93 Wilmington Savings Fund Society, FSB 1.08% of their portfolio WILMINGTON, DE 335,395335.4k $59.7m $59.7m 1.08% Added +6.4k +6,366
94 Financial Advisors, LLC 11.42% of their portfolio ANDOVER, MA 334,428334.4k $59.6m $59.6m 11.42% Reduced -3.8k -3,803
95 Valence8 US LP 27.96% of their portfolio Cambridge, MA 326,910326.9k $58.2m $58.2m 27.96% Reduced -10.6k -10,562
96 Trilogy Capital Inc. 2.96% of their portfolio IRVINE, CA 323,682323.7k $57.6m $57.6m 2.96% Reduced -4.0k -3,950
97 NorthCoast Asset Management LLC 0.28% of their portfolio STAMFORD, CT 321,077321.1k $57.2m $57.2m 0.28% Added +2.1k +2,097
98 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.11% of their portfolio PLYMOUTH, MN 318,748318.7k $56.8m $56.8m 0.11% Added +3.8k +3,849
99 Ameritas Advisory Services, LLC 1.94% of their portfolio Lincoln, NE 315,093315.1k $56.1m $56.1m 1.94% Added +68.8k +68,835
100 3EDGE Asset Management, LP 3.46% of their portfolio Naples, FL 315,091315.1k $56.1m $56.1m 3.46% Reduced -401.4k -401,387