Vault-13

ISHARES TR QUAL

MSCI USA QLT FCT · ETP · CUSIP 46432F339

1,642 institutional holders -12 vs Q1 2026
171,220,163171.2m shares reported held*
$37.5bnreported value*
107 new 495 added 762 reduced 109 sold out net sold ≈ $7.6bn (-37.3m 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 ($128.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $218.83. Options: 3 managers hold calls ($3.4m notional), 2 hold puts ($44.4m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 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: 1,490Q1 25: 1,475Q2 25: 1,511Q3 25: 1,521Q4 25: 1,632Q1 26: 1,654Q2 26: 1,6421,642Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q1 20251,475
Q2 20251,511
Q3 20251,521
Q4 20251,632
Q1 20261,654
Q2 20261,642

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 733 bought or addedQ3 24: 459 cut or sold outQ4 24: 717 bought or addedQ4 24: 518 cut or sold outQ4 24Q1 25: 784 bought or addedQ1 25: 558 cut or sold outQ2 25: 780 bought or addedQ2 25: 577 cut or sold outQ2 25Q3 25: 580 bought or addedQ3 25: 770 cut or sold outQ4 25: 534 bought or addedQ4 25: 815 cut or sold outQ4 25Q1 26: 731 bought or addedQ1 26: 713 cut or sold outQ2 26: 602 bought or addedQ2 26: 871 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024733459
Q4 2024717518
Q1 2025784558
Q2 2025780577
Q3 2025580770
Q4 2025534815
Q1 2026731713
Q2 2026602871

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 25 calls: $4.4mQ3 25 puts: $2.6mQ3 25P/C 0.59Q4 25 calls: $2.0mQ4 25 puts: $1.7mQ4 25P/C 0.83Q1 26 calls: $3.0mQ1 26 puts: $40.3mQ1 26P/C 13.64Q2 26 calls: $3.4mQ2 26 puts: $44.4mQ2 26P/C 12.88
Numbers
QuarterCallsPutsP/C
Q3 2025$4.4m$2.6m0.59
Q4 2025$2.0m$1.7m0.83
Q1 2026$3.0m$40.3m13.64
Q2 2026$3.4m$44.4m12.88

Biggest buyers

FMR LLC Added +1,426,019+1.4m
Facet Wealth, Inc. Added +334,234+334.2k
Beacon Pointe Advisors, LLC Added +278,292+278.3k
Bluespring Wealth Management, LLC Added +266,527+266.5k
Cambridge Investment Research Advisors, Inc. Added +255,182+255.2k
M&T Bank Corp Added +209,920+209.9k
Qube Research & Technologies Ltd Added +188,985+189.0k
Integrated Wealth Concepts LLC Added +131,773+131.8k
STATE OF MICHIGAN RETIREMENT SYSTEM Added +95,100+95.1k
Tradewinds, LLC. New +89,609+89.6k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -10,213,485-10.2m
LPL Financial LLC Reduced -2,820,843-2.8m
Gallagher Fiduciary Advisors, LLC Reduced -2,585,813-2.6m
JPMORGAN CHASE & CO Reduced -1,785,451-1.8m
MORGAN STANLEY Reduced -1,302,676-1.3m
BlackRock, Inc. Reduced -1,226,570-1.2m
STIFEL FINANCIAL CORP Reduced -1,183,065-1.2m
Focus Partners Wealth Reduced -923,224-923.2k
Envestnet Portfolio Solutions, Inc. Reduced -890,580-890.6k
PARK AVENUE SECURITIES LLC Reduced -879,829-879.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7m7.6k shares
CITADEL ADVISORS LLC Reduced $965.5k4.4k shares
JANE STREET GROUP, LLC Reduced $811.9k3.7k shares

Biggest puts

JANE STREET GROUP, LLC Added $43.9m200.2k shares
CITADEL ADVISORS LLC Reduced $438.9k2.0k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.19% of their portfolio BOSTON, MA 19,505,60819.5m $4.3bn $4.3bn 0.19% Added +1.4m +1,426,019
2 LPL Financial LLC 0.66% of their portfolio FORT MILL, SC 13,335,52913.3m $2.9bn $2.9bn 0.66% Reduced -2.8m -2,820,843
3 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 8,485,3388.5m $1.9bn $1.9bn 0.12% Reduced -256.3k -256,303
4 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 7,762,9687.8m $1.7bn $1.7bn 0.09% Reduced -1.3m -1,302,676
5 ENVESTNET ASSET MANAGEMENT INC 0.39% of their portfolio Berwyn, PA 7,560,6767.6m $1.7bn $1.7bn 0.39% Reduced -10.2m -10,213,485
6 PNC Financial Services Group, Inc. 0.62% of their portfolio Pittsburgh, PA 5,712,4585.7m $1.3bn $1.3bn 0.62% Reduced -425.7k -425,693
7 AMERIPRISE FINANCIAL INC 0.21% of their portfolio MINNEAPOLIS, MN 4,901,5064.9m $1.0bn $1.0bn 0.21% Reduced -521.1k -521,095
8 WELLS FARGO & COMPANY/MN 0.15% of their portfolio SAN FRANCISCO, CA 3,856,3663.9m $846.2m $846.2m 0.15% Reduced -112.8k -112,821
9 Cerity Partners LLC 1.03% of their portfolio NEW YORK, NY 3,854,4243.9m $845.8m $845.8m 1.03% Reduced -146.1k -146,068
10 UBS Group AG 0.12% of their portfolio ZURICH, V8 3,552,1963.6m $779.5m $779.5m 0.12% Reduced -220.6k -220,647
11 Orgel Wealth Management, LLC 13.98% of their portfolio ALTOONA, WI 3,358,2103.4m $736.9m $736.9m 13.98% Added +65.5k +65,534
12 Facet Wealth, Inc. 10.38% of their portfolio WEST PALM BEACH, FL 3,300,1803.3m $724.2m $724.2m 10.38% Added +334.2k +334,234
13 M&T Bank Corp 1.97% of their portfolio BUFFALO, NY 3,065,7013.1m $672.7m $672.7m 1.97% Added +209.9k +209,920
14 Blue Trust, Inc. 6.23% of their portfolio BRENTWOOD, TN 2,709,9612.7m $594.6m $594.6m 6.23% Added +15.3k +15,301
15 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 2,399,3402.4m $521.4m $521.4m 0.03% Reduced -1.8m -1,785,451
16 KEYBANK NATIONAL ASSOCIATION/OH 1.65% of their portfolio BROOKLYN, OH 2,289,7432.3m $502.4m $502.4m 1.65% Reduced -233.2k -233,242
17 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,889,8101.9m $414.7m $414.7m 0.01% Reduced -1.2m -1,226,570
18 Haverford Trust Co 3.47% of their portfolio Radnor, PA 1,831,3811.8m $401.9m $401.9m 3.47% Added +53.4k +53,410
19 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 5.77% of their portfolio Seattle, WA 1,794,4521.8m $393.8m $393.8m 5.77% Added +27.8k +27,758
20 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 1,702,6751.7m $373.6m $373.6m 0.10% Reduced -200.2k -200,211
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.19% of their portfolio MILWAUKEE, WI 1,613,2341.6m $354.0m $354.0m 0.19% Reduced -287.7k -287,735
22 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 1,595,4321.6m $350.1m $350.1m 0.06% Reduced -181.6k -181,647
23 Focus Partners Wealth 0.33% of their portfolio ST LOUIS, MO 1,477,1081.5m $324.1m $324.1m 0.33% Reduced -923.2k -923,224
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 1,442,7371.4m $316.6m $316.6m 0.04% Reduced -57.8k -57,817
25 HighTower Advisors, LLC 0.28% of their portfolio CHICAGO, IL 1,348,3381.3m $295.9m $295.9m 0.28% Reduced -1.3k -1,333
26 Wharton Business Group, LLC 8.56% of their portfolio MALVERN, PA 1,167,2551.2m $256.1m $256.1m 8.56% Reduced -34.6k -34,555
27 MERCER GLOBAL ADVISORS INC /ADV 0.31% of their portfolio DENVER, CO 1,158,8671.2m $254.3m $254.3m 0.31% Reduced -2.5k -2,542
28 Jupiter Topco LLC 0.09% of their portfolio NEW YORK, NY 1,057,0161.1m $231.9m $231.9m 0.09% First filing
29 Bluespring Wealth Management, LLC 4.42% of their portfolio AUSTIN, TX 1,046,8761.0m $229.7m $229.7m 4.42% Added +266.5k +266,527
30 COMMONWEALTH EQUITY SERVICES, LLC 0.28% of their portfolio WALTHAM, MA 1,008,9461.0m $221.4m $221.4m 0.28% Reduced -331.1k -331,109
31 MML INVESTORS SERVICES, LLC 0.45% of their portfolio SPRINGFIELD, MA 998,944998.9k $219.2m $219.2m 0.45% Reduced -418.7k -418,720
32 Cetera Investment Advisers 0.20% of their portfolio SCHAUMBURG, IL 978,389978.4k $214.7m $214.7m 0.20% Reduced -595.7k -595,656
33 Connecticut Wealth Management, LLC 7.91% of their portfolio FARMINGTON, CT 975,098975.1k $214.0m $214.0m 7.91% Reduced -10.8k -10,792
34 Integrated Wealth Concepts LLC 0.98% of their portfolio WALTHAM, MA 916,823916.8k $201.2m $201.2m 0.98% Added +131.8k +131,773
35 Foster Group, Inc. 4.47% of their portfolio WEST DES MOINES, IA 765,906765.9k $168.1m $168.1m 4.47% Added +15.6k +15,611
36 Cambridge Investment Research Advisors, Inc. 0.18% of their portfolio FAIRFIELD, IA 716,907716.9k $157.3m $157.3m 0.18% Added +255.2k +255,182
37 OSAIC HOLDINGS, INC. 0.17% of their portfolio SCOTTSDALE, AZ 674,508674.5k $148.2m $148.2m 0.17% Reduced -133.1k -133,071
38 &PARTNERS 0.59% of their portfolio NASHVILLE, TN 653,307653.3k $143.5m $143.5m 0.59% Reduced -12.4k -12,405
39 Beacon Pointe Advisors, LLC 0.64% of their portfolio NEWPORT BEACH, CA 627,286627.3k $137.6m $137.6m 0.64% Added +278.3k +278,292
40 D.A. DAVIDSON & CO. 0.75% of their portfolio GREAT FALLS, MT 615,670615.7k $135.1m $135.1m 0.75% Added +10.1k +10,082
41 Unison Advisors LLC 9.37% of their portfolio PROVIDENCE, RI 612,288612.3k $134.4m $134.4m 9.37% Added +9.1k +9,071
42 Kestra Investment Management, LLC 2.52% of their portfolio AUSTIN, TX 593,900593.9k $130.3m $130.3m 2.52% Reduced -336.8k -336,765
43 Sage Mountain Advisors LLC 7.77% of their portfolio ATLANTA, GA 575,644575.6k $126.3m $126.3m 7.77% Reduced -2.0k -1,958
44 COLDSTREAM CAPITAL MANAGEMENT INC 1.55% of their portfolio BELLEVUE, WA 563,366563.4k $123.6m $123.6m 1.55% Reduced -546.7k -546,739
45 SCS Capital Management LLC 1.15% of their portfolio BOSTON, MA 552,891552.9k $121.3m $121.3m 1.15% Reduced -244.3k -244,261
46 Mariner, LLC 0.13% of their portfolio Overland Park, KS 546,042546.0k $119.8m $119.8m 0.13% Reduced -108.8k -108,812
47 JOHNSON INVESTMENT COUNSEL INC 0.87% of their portfolio Cincinnati, OH 539,969540.0k $118.5m $118.5m 0.87% Added +37.0k +36,993
48 Savant Capital, LLC 0.34% of their portfolio ROCKFORD, IL 530,640530.6k $116.5m $116.5m 0.34% Reduced -6.3k -6,294
49 HOWARD FINANCIAL SERVICES, LTD. 11.25% of their portfolio DALLAS, TX 513,557513.6k $112.7m $112.7m 11.25% Added +10.7k +10,693
50 Equitable Holdings, Inc. 0.67% of their portfolio NEW YORK, NY 510,432510.4k $112.0m $112.0m 0.67% Reduced -6.9k -6,898
51 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 479,253479.3k $102.4m $102.4m 0.04% Added +46.4k +46,355
52 SAX WEALTH ADVISORS, LLC 3.63% of their portfolio PARSIPPANY, NJ 465,970466.0k $89.4m $89.4m 3.63% Added +5.3k +5,317
53 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 449,019449.0k $98.5m $98.5m 0.08% Reduced -1.2m -1,183,065
54 Prime Capital Investment Advisors, LLC 0.93% of their portfolio OVERLAND PARK, KS 437,142437.1k $95.9m $95.9m 0.93% Reduced -22.3k -22,301
55 PINNACLE ASSOCIATES LTD 1.04% of their portfolio NEW YORK, NY 434,127434.1k $95.3m $95.3m 1.04% Added +4.7k +4,657
56 STATE OF MICHIGAN RETIREMENT SYSTEM 0.41% of their portfolio EAST LANSING, MI 419,649419.6k $92.1m $92.1m 0.41% Added +95.1k +95,100
57 Valence8 US LP 30.09% of their portfolio Cambridge, MA 412,060412.1k $90.4m $90.4m 30.09% Added +74.7k +74,724
58 Baker Avenue Asset Management, LP 1.70% of their portfolio SAN FRANCISCO, CA 407,272407.3k $89.4m $89.4m 1.70% Reduced -16.9k -16,907
59 Kestra Advisory Services, LLC 0.28% of their portfolio AUSTIN, TX 401,182401.2k $88.0m $88.0m 0.28% Reduced -42.2k -42,189
60 CAPTRUST FINANCIAL ADVISORS 0.13% of their portfolio RALEIGH, NC 398,832398.8k $87.5m $87.5m 0.13% Reduced -3.6k -3,610
61 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.46% of their portfolio IRVING, TX 376,567376.6k $82.8m $82.8m 0.46% Reduced -242.9k -242,856
62 Rockefeller Capital Management L.P. 0.12% of their portfolio NEW YORK, NY 370,959371.0k $81.4m $81.4m 0.12% Reduced -30.5k -30,485
63 Obermeyer Wealth Partners 3.20% of their portfolio ASPEN, CO 356,383356.4k $78.2m $78.2m 3.20% Reduced -99.4k -99,402
64 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 350,939350.9k $77.0m $77.0m 0.01% Reduced -505.2k -505,157
65 Cresset Asset Management, LLC 0.27% of their portfolio Chicago, IL 340,792340.8k $74.8m $74.8m 0.27% Added +1.0k +1,041
66 SACHEM HILL LLC 13.26% of their portfolio DENVER, CO 339,832339.8k $74.6m $74.6m 13.26% Reduced -6.2k -6,171
67 Modern Wealth Management, LLC 0.87% of their portfolio KANSAS CITY, MO 332,275332.3k $72.9m $72.9m 0.87% Reduced -121.8k -121,769
68 True Link Financial Advisors, LLC 4.11% of their portfolio SAN FRANCISCO, CA 323,641323.6k $71.0m $71.0m 4.11% Added +3.0k +3,034
69 Corient Private Wealth LP 0.10% of their portfolio MIAMI, FL 319,300319.3k $70.1m $70.1m 0.10% Reduced -324.0k -323,962
70 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 314,815314.8k $69.1m $69.1m 0.13% Reduced -550.4k -550,398
71 Horizon Investments, LLC 0.75% of their portfolio Charlotte, NC 311,991312.0k $68.5m $68.5m 0.75% Reduced -8.0k -8,003
72 LANDAAS & CO /WI /ADV 12.41% of their portfolio MILWAUKEE, WI 310,816310.8k $68.2m $68.2m 12.41% Added +2.8k +2,790
73 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 304,073304.1k $66.7m $66.7m 0.07% Added +189.0k +188,985
74 Composition Wealth, LLC 0.75% of their portfolio LOS ANGELES, CA 289,324289.3k $63.5m $63.5m 0.75% Reduced -11.4k -11,429
75 Pinnacle Wealth Management Advisory Group, LLC 3.77% of their portfolio RED BANK, NJ 288,906288.9k $63.4m $63.4m 3.77% Added +5.8k +5,773
76 Sanctuary Advisors, LLC 0.29% of their portfolio INDIANAPOLIS, IN 284,788284.8k $62.5m $62.5m 0.29% Reduced -319.5k -319,523
77 Baron Wealth Management LLC 16.04% of their portfolio TROY, MI 281,840281.8k $61.8m $61.8m 16.04% Added +1.1k +1,098
78 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.21% of their portfolio CHARLOTTE, NC 279,970280.0k $61.4m $61.4m 0.21% Reduced -8.8k -8,788
79 Strategies Wealth Advisors, LLC 5.44% of their portfolio GRAND RAPIDS, MI 277,042277.0k $60.8m $60.8m 5.44% Reduced -35.8k -35,773
80 Wilmington Savings Fund Society, FSB 1.35% of their portfolio WILMINGTON, DE 275,086275.1k $60.4m $60.4m 1.35% Reduced -29.0k -29,046
81 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.73% of their portfolio MINNEAPOLIS, MN 253,901253.9k $55.7m $55.7m 0.73% Reduced -14.3k -14,281
82 NewEdge Advisors, LLC 0.16% of their portfolio NEW ORLEANS, LA 248,757248.8k $54.6m $54.6m 0.16% Reduced -483.9k -483,925
83 Millburn Ridgefield LLC /DE/ 1.03% of their portfolio New York, NY 248,182248.2k $54.5m $54.5m 1.03% Reduced -1.5k -1,499
84 Catalyst Capital Advisors LLC 0.90% of their portfolio San Juan, PR 248,182248.2k $54.5m $54.5m 0.90% Reduced -1.5k -1,499
85 Kathmere Capital Management, LLC 2.87% of their portfolio WAYNE, PA 246,258246.3k $54.0m $54.0m 2.87% Added +10.0k +9,952
86 Aspen Wealth Management LLC 9.12% of their portfolio FORT WORTH, TX 244,746244.7k $53.7m $53.7m 9.12% Added +17.1k +17,084
87 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 243,745243.7k $53.5m $53.5m 0.09% Reduced -30.5k -30,472
88 Apollon Wealth Management, LLC 0.64% of their portfolio MOUNT PLEASANT, SC 238,441238.4k $52.3m $52.3m 0.64% Reduced -28.2k -28,198
89 Private Advisor Group, LLC 0.24% of their portfolio MORRISTOWN, NJ 238,302238.3k $52.3m $52.3m 0.24% Reduced -166.5k -166,514
90 Steward Partners Investment Advisory, LLC 0.26% of their portfolio STAMFORD, CT 235,175235.2k $51.6m $51.6m 0.26% Reduced -53.9k -53,946
91 OneDigital Investment Advisors LLC 0.43% of their portfolio OVERLAND PARK, KS 232,612232.6k $51.0m $51.0m 0.43% Reduced -458.5k -458,518
92 Baird Financial Group, Inc. 0.07% of their portfolio MILWAUKEE, WI 231,044231.0k $50.7m $50.7m 0.07% Reduced -11.9k -11,877
93 PARK AVENUE SECURITIES LLC 0.30% of their portfolio NEW YORK, NY 221,923221.9k $48.7m $48.7m 0.30% Reduced -879.8k -879,829
94 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 220,478220.5k $48.4m $48.4m 0.03% Added +84.9k +84,896
95 Wealth Group Ltd 9.07% of their portfolio EDEN PRAIRIE, MN 215,910215.9k $47.4m $47.4m 9.07% Added +6.3k +6,293
96 MCF Advisors LLC 1.66% of their portfolio LEXINGTON, KY 211,447211.4k $46.4m $46.4m 1.66% Reduced -3 -3
97 AlphaCore Capital LLC 0.85% of their portfolio LA JOLLA, CA 210,317210.3k $46.1m $46.1m 0.85% Added +4.1k +4,101
98 SlateStone Wealth, LLC 3.47% of their portfolio JUPITER, FL 206,345206.3k $45.3m $45.3m 3.47% Added +3.7k +3,691
99 Vestmark Advisory Solutions, Inc. 0.42% of their portfolio Wakefield, MA 204,628204.6k $44.9m $44.9m 0.42% Added +43.1k +43,081
100 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 202,427202.4k $44.4m $44.4m 0.00% Reduced -209.1k -209,090