Vault-13

ISHARES TR VLUE

MSCI USA VALUE · ETP · CUSIP 46432F388

445 institutional holders -23 vs Q4 2022
70,721,90570.7m shares reported held*
$5.8bnreported value*
39 new 111 added 214 reduced 53 sold out net sold ≈ $487.4m (+3.2m 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 ($4.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $81.63. Options: 1 managers hold calls ($203.7k notional), 1 hold puts ($9.3k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 468Q1 23: 445445Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022468
Q4 2022468
Q1 2023445

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 182 bought or addedQ4 22: 248 cut or sold outQ4 22Q1 23: 150 bought or addedQ1 23: 267 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022182248
Q1 2023150267

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 22 calls: $456.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $610.8kQ4 22 puts: $282.5kQ4 22P/C 0.46Q1 23 calls: $203.7kQ1 23 puts: $9.3kQ1 23P/C 0.05
Numbers
QuarterCallsPutsP/C
Q3 2022$456.0k$00.00
Q4 2022$610.8k$282.5k0.46
Q1 2023$203.7k$9.3k0.05

Biggest buyers

Summit Wealth Group, LLC Added +6,881,510+6.9m
GFG Capital, LLC Added +1,429,476+1.4m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +781,935+781.9k
FMR LLC Added +327,645+327.6k
EP Wealth Advisors, LLC Added +280,285+280.3k
Matson Money. Inc. Added +230,585+230.6k
Wharton Business Group, LLC Added +208,525+208.5k
COWA, LLC Added +172,112+172.1k
CFO4Life Group, LLC Added +97,997+98.0k
Relative Value Partners Group, LLC Added +78,720+78.7k

Biggest sellers

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Reduced -1,484,645-1.5m
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Reduced -1,109,483-1.1m
CWM, LLC Reduced -608,485-608.5k
ENVESTNET ASSET MANAGEMENT INC Reduced -598,718-598.7k
BANK OF AMERICA CORP /DE/ Reduced -373,474-373.5k
UBS Group AG Reduced -355,563-355.6k
MORGAN STANLEY Reduced -230,843-230.8k
JPMORGAN CHASE & CO Reduced -210,834-210.8k
BlackRock Inc. Reduced -200,973-201.0k
Stokes Family Office, LLC Reduced -165,860-165.9k

Biggest calls

Belvedere Trading LLC Added $203.7k2.2k shares

Biggest puts

Belvedere Trading LLC Reduced $9.3k100 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.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.12% of their portfolio MILWAUKEE, WI 16,436,73516.4m $1.5bn $1.5bn 2.12% Added +781.9k +781,935
2 Summit Wealth Group, LLC 0.20% of their portfolio WHITE RIVER JUNCTION, VT 6,920,8316.9m $75 $75 0.20% Added +6.9m +6,881,510
3 ENVESTNET ASSET MANAGEMENT INC 0.21% of their portfolio Berwyn, PA 4,733,8554.7m $438.3m $438.3m 0.21% Reduced -598.7k -598,718
4 MERCER GLOBAL ADVISORS INC /ADV 1.97% of their portfolio DENVER, CO 4,681,0254.7m $433.4m $433.4m 1.97% Reduced -153.0k -152,953
5 Mason Investment Advisory Services, Inc. 38.42% of their portfolio RESTON, VA 4,554,8094.6m $421.7m $421.7m 38.42% Added +39.5k +39,455
6 Matson Money. Inc. 11.52% of their portfolio MASON, OH 3,371,7253.4m $312.2m $312.2m 11.52% Added +230.6k +230,585
7 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 2,538,2352.5m $235.0m $235.0m 0.03% Reduced -373.5k -373,474
8 BlackRock Inc. 0.01% of their portfolio New York, NY 1,826,6001.8m $169.1m $169.1m 0.01% Reduced -201.0k -200,973
9 GFG Capital, LLC 0.49% of their portfolio MIAMI, FL 1,439,3651.4m $2.3m $2.3m 0.49% Added +1.4m +1,429,476
10 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 1,294,1741.3m $119.8m $119.8m 0.09% Reduced -107.3k -107,269
11 M&T Bank Corp 0.45% of their portfolio BUFFALO, NY 1,245,9641.2m $115.4m $115.4m 0.45% Reduced -74.2k -74,216
12 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,095,3531.1m $101.4m $101.4m 0.01% Reduced -230.8k -230,843
13 Wharton Business Group, LLC 5.59% of their portfolio MALVERN, PA 1,006,5761.0m $93.2m $93.2m 5.59% Added +208.5k +208,525
14 UBS Group AG 0.04% of their portfolio ZURICH, V8 997,790997.8k $92.4m $92.4m 0.04% Reduced -355.6k -355,563
15 FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 1.12% of their portfolio STOCKHOLM, V7 899,568899.6k $83.3m $83.3m 1.12% Unchanged
16 PNC Financial Services Group, Inc. 0.07% of their portfolio Pittsburgh, PA 823,199823.2k $76.2m $76.2m 0.07% Reduced -57.7k -57,667
17 FMR LLC 0.00% of their portfolio BOSTON, MA 675,198675.2k $62.5m $62.5m 0.00% Added +327.6k +327,645
18 COMMONWEALTH EQUITY SERVICES, LLC 0.13% of their portfolio WALTHAM, MA 658,578658.6k $61.0m $61.0m 0.13% Reduced -22.2k -22,184
19 Thrivent Financial for Lutherans 0.12% of their portfolio Minneapolis, MN 542,961543.0k $50.3m $50.3m 0.12% Added +12.0k +12,018
20 Provida Pension Fund Administrator 1.95% of their portfolio LAS CONDES, SANTIAGO, F3 536,033536.0k $49.0m $49.0m 1.95% Unchanged
21 PRUDENTIAL FINANCIAL INC 0.08% of their portfolio NEWARK, NJ 529,052529.1k $49.0m $49.0m 0.08% Reduced -150.7k -150,726
22 SVB WEALTH LLC 0.58% of their portfolio BOSTON, MA 450,706450.7k $41.7m $41.7m 0.58% Added +32.3k +32,252
23 CWM, LLC 0.28% of their portfolio OMAHA, NE 446,250446.2k $41.3m $41.3m 0.28% Reduced -608.5k -608,485
24 Integrated Wealth Concepts LLC 0.84% of their portfolio WALTHAM, MA 440,253440.3k $40.8m $40.8m 0.84% Reduced -47.9k -47,850
25 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 426,793426.8k $39.5m $39.5m 0.03% Reduced -39.6k -39,601
26 HUB Investment Partners, LLC 8.07% of their portfolio AUSTIN, TX 413,351413.4k $38.3m $38.3m 8.07% Added +10.8k +10,756
27 STATE OF MICHIGAN RETIREMENT SYSTEM 0.25% of their portfolio EAST LANSING, MI 412,550412.6k $38.2m $38.2m 0.25% Reduced -45.8k -45,800
28 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 400,382400.4k $37.1m $37.1m 0.01% Reduced -98.8k -98,804
29 Mariner Managed Account Solutions, LLC 3.14% of their portfolio Boston, MA 389,374389.4k $36.1m $36.1m 3.14% Added +17.2k +17,162
30 Strategic Financial Services, Inc. 2.69% of their portfolio UTICA, NY 376,140376.1k $34.8m $34.8m 2.69% Added +6.8k +6,808
31 Kathmere Capital Management, LLC 5.32% of their portfolio WAYNE, PA 350,235350.2k $32.4m $32.4m 5.32% Added +8.3k +8,339
32 EP Wealth Advisors, LLC 0.74% of their portfolio TORRANCE, CA 311,494311.5k $43.5m $43.5m 0.74% Added +280.3k +280,285
33 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 309,048309.0k $28.6m $28.6m 0.05% Reduced -8.1k -8,089
34 Janney Montgomery Scott LLC 0.12% of their portfolio PHILADELPHIA, PA 306,956307.0k $28.4m $28.4m 0.12% Reduced -1.8k -1,843
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 274,334274.3k $25.4m $25.4m 0.00% Reduced -210.8k -210,834
36 CFO4Life Group, LLC 5.01% of their portfolio COPPELL, TX 238,288238.3k $22.1m $22.1m 5.01% Added +98.0k +97,997
37 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 233,435233.4k $21.6m $21.6m 0.04% Reduced -85.3k -85,258
38 INTRUST BANK NA 2.46% of their portfolio WICHITA, KS 207,685207.7k $19.2m $19.2m 2.46% Added +78.4k +78,374
39 Stonehearth Capital Management, LLC 10.26% of their portfolio DANVERS, MA 206,163206.2k $19.1m $19.1m 10.26% Added +2.4k +2,380
40 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 190,991191.0k $17.7m $17.7m 0.09% Reduced -6.4k -6,435
41 True Link Financial Advisors, LLC 2.18% of their portfolio SAN FRANCISCO, CA 187,742187.7k $17.4m $17.4m 2.18% Added +7.5k +7,510
42 Well Done, LLC 3.64% of their portfolio HOLLAND, MI 182,052182.1k $16.8m $16.8m 3.64% Added +3.8k +3,820
43 HENGEHOLD CAPITAL MANAGEMENT LLC 2.30% of their portfolio CINCINNATI, OH 180,393180.4k $16.7m $16.7m 2.30% Reduced -72.9k -72,919
44 COWA, LLC 0.39% of their portfolio Tulsa, OK 179,276179.3k $495.1k $495.1k 0.39% Added +172.1k +172,112
45 Cresset Asset Management, LLC 0.31% of their portfolio Chicago, IL 167,330167.3k $15.5m $15.5m 0.31% Reduced -3.1k -3,101
46 Beaird Harris Wealth Management, LLC 2.69% of their portfolio DALLAS, TX 161,869161.9k $15.0m $15.0m 2.69% Reduced -5.2k -5,162
47 Trilogy Capital Inc. 1.01% of their portfolio IRVINE, CA 153,608153.6k $14.2m $14.2m 1.01% Added +5.5k +5,544
48 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 153,397153.4k $14.3m $14.3m 0.00% Reduced -98.0k -98,044
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 150,983151.0k $14.0m $14.0m 0.00% Reduced -43.2k -43,153
50 Elk River Wealth Management LLC 3.03% of their portfolio DENVER, CO 144,085144.1k $13.3m $13.3m 3.03% Added +26.8k +26,786
51 DAIDO LIFE INSURANCE CO 1.24% of their portfolio TOKYO, M0 134,268134.3k $12.4m $12.4m 1.24% Unchanged
52 Relative Value Partners Group, LLC 0.41% of their portfolio NORTHBROOK, IL 129,558129.6k $12.0m $12.0m 0.41% Added +78.7k +78,720
53 Meridian Wealth Partners, LLC 2.59% of their portfolio EXTON, PA 128,458128.5k $11.9m $11.9m 2.59% Added +7.2k +7,157
54 Merriman Wealth Management, LLC 0.59% of their portfolio SEATTLE, WA 124,723124.7k $11.5m $11.5m 0.59% Reduced -8.4k -8,413
55 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 120,148120.1k $11.1m $11.1m 0.08% Reduced -20.3k -20,286
56 Parallel Advisors, LLC 0.36% of their portfolio SAN FRANCISCO, CA 114,064114.1k $10.6m $10.6m 0.36% Reduced -23.1k -23,129
57 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 107,559107.6k $9.9m $9.9m 0.02% Reduced -7.8k -7,814
58 SIGNATUREFD, LLC 0.26% of their portfolio ATLANTA, GA 104,032104.0k $9.6m $9.6m 0.26% Reduced -62.1k -62,128
59 LS Investment Advisors, LLC 1.70% of their portfolio Bloomfield Hills, MI 98,97599.0k $9.2m $9.2m 1.70% Added +12.9k +12,880
60 Custos Family Office, LLC 6.36% of their portfolio AUSTIN, TX 97,52097.5k $9.0m $9.0m 6.36% Added +50.9k +50,895
61 WADDELL & ASSOCIATES, LLC 1.34% of their portfolio MEMPHIS, TN 92,65992.7k $8.6m $8.6m 1.34% Reduced -253 -253
62 Wolf Group Capital Advisors 4.21% of their portfolio FAIRFAX, VA 91,43291.4k $8.5m $8.5m 4.21% Reduced -2.9k -2,932
63 CAHILL FINANCIAL ADVISORS INC 1.46% of their portfolio EDINA, MN 89,00489.0k $8.2m $8.2m 1.46% Added +18.4k +18,394
64 Savant Capital, LLC 0.15% of their portfolio ROCKFORD, IL 88,85388.9k $8.2m $8.2m 0.15% Reduced -492 -492
65 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.29% of their portfolio LOS ANGELES, CA 87,99888.0k $8.1m $8.1m 0.29% Reduced -1.5m -1,484,645
66 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 82,73282.7k $7.7m $7.7m 0.00% Reduced -11.6k -11,606
67 Berkshire Money Management, Inc. 1.14% of their portfolio DALTON, MA 81,15281.2k $7.5m $7.5m 1.14% Reduced -18.5k -18,504
68 U.S. Capital Wealth Advisors, LLC 0.34% of their portfolio AUSTIN, TX 79,01379.0k $7.3m $7.3m 0.34% Reduced -475 -475
69 Haverford Trust Co 0.08% of their portfolio Radnor, PA 70,77670.8k $6.6m $6.6m 0.08% Added +16.7k +16,691
70 Kestra Advisory Services, LLC 0.07% of their portfolio AUSTIN, TX 70,68970.7k $6.5m $6.5m 0.07% Reduced -17.1k -17,057
71 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 70,29370.3k $6.5m $6.5m 0.10% Added +8.2k +8,166
72 Foster Group, Inc. 0.41% of their portfolio WEST DES MOINES, IA 69,56269.6k $6.4m $6.4m 0.41% Added +3.7k +3,729
73 ANDERSON HOAGLAND & CO 0.90% of their portfolio ST LOUIS, MO 67,82367.8k $6.3m $6.3m 0.90% Reduced -1.0k -1,031
74 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 67,73267.7k $6.3m $6.3m 0.01% Added +27.8k +27,802
75 D.A. DAVIDSON & CO. 0.07% of their portfolio GREAT FALLS, MT 67,48867.5k $6.2m $6.2m 0.07% Reduced -2.2k -2,194
76 Cerro Pacific Wealth Advisors LLC 3.41% of their portfolio San Luis Obispo, CA 66,63666.6k $6.2m $6.2m 3.41% Reduced -14.5k -14,490
77 BBJS FINANCIAL ADVISORS, LLC 2.46% of their portfolio SEATTLE, WA 65,08965.1k $6.0m $6.0m 2.46% Reduced -11.0k -10,958
78 Lido Advisors, LLC 0.08% of their portfolio Los Angeles, CA 62,13062.1k $5.8m $5.8m 0.08% Added +454 +454
79 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.23% of their portfolio BOSTON, MA 57,87757.9k $5.4m $5.4m 0.23% Reduced -30.8k -30,818
80 BUCKINGHAM STRATEGIC WEALTH, LLC 0.10% of their portfolio CLAYTON, MO 57,39557.4k $5.2m $5.2m 0.10% Unchanged
81 Atria Wealth Solutions, Inc. 0.08% of their portfolio NEW YORK, NY 55,84755.8k $5.2m $5.2m 0.08% Reduced -59.9k -59,881
82 Sigma Planning Corp 0.17% of their portfolio ANN ARBOR, MI 55,15455.2k $5.1m $5.1m 0.17% Reduced -5.8k -5,785
83 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.15% of their portfolio MINNEAPOLIS, MN 54,75654.8k $5.1m $5.1m 0.15% Reduced -1.1m -1,109,483
84 SIMON QUICK ADVISORS, LLC 0.53% of their portfolio MORRISTOWN, NJ 52,42252.4k $4.9m $4.9m 0.53% Added +191 +191
85 OneDigital Investment Advisors LLC 0.11% of their portfolio OVERLAND PARK, KS 52,38852.4k $4.9m $4.9m 0.11% Reduced -55.9k -55,905
86 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 51,36851.4k $4.8m $4.8m 0.01% Added +36.2k +36,168
87 Tower Research Capital LLC (TRC) 0.15% of their portfolio NEW YORK, NY 49,28149.3k $4.6m $4.6m 0.15% Added +46.2k +46,183
88 Financial & Tax Architects, LLC 1.42% of their portfolio ST LOUIS, MO 46,52646.5k $4.3m $4.3m 1.42% Reduced -5.6k -5,561
89 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 45,83045.8k $4.2m $4.2m 0.00% Unchanged
90 SageView Advisory Group, LLC 0.27% of their portfolio Newport Beach, CA 45,34645.3k $4.2m $4.2m 0.27% Reduced -78.4k -78,428
91 Bank Julius Baer & Co. Ltd, Zurich 0.03% of their portfolio ZURICH, V8 44,56744.6k $4.1m $4.1m 0.03% Reduced -616 -616
92 Equitable Holdings, Inc. 0.06% of their portfolio NEW YORK, NY 42,94942.9k $4.0m $4.0m 0.06% Reduced -50.8k -50,806
93 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 42,34042.3k $3.9m $3.9m 0.03% Reduced -14.9k -14,906
94 EFG Private Wealth Management (Americas) Corp. 0.91% of their portfolio MIAMI, FL 41,30541.3k $3.8m $3.8m 0.91% Reduced -7.5k -7,454
95 Interchange Capital Partners, LLC 2.04% of their portfolio PITTSBURGH, PA 40,91840.9k $3.7m $3.7m 2.04% Added +885 +885
96 WEALTHSOURCE PARTNERS, LLC 0.25% of their portfolio SAN LUIS OBISPO, CA 40,35840.4k $3.7m $3.7m 0.25% Reduced -25.6k -25,577
97 FDx Advisors, Inc. 0.16% of their portfolio BERWYN, PA 40,03340.0k $3.6m $3.6m 0.16% Unchanged
98 Foundations Investment Advisors, LLC 0.13% of their portfolio PHOENIX, AZ 39,42039.4k $3.6m $3.6m 0.13% Reduced -54.3k -54,284
99 Gunma Bank,Ltd. 1.59% of their portfolio GUNMA, M0 39,00039.0k $3.6m $3.6m 1.59% Added +14.0k +14,000
100 IFP Advisors, Inc 0.14% of their portfolio TAMPA, FL 38,84638.8k $3.3m $3.3m 0.14% Added +32.7k +32,696