Vault-13

ISHARES TR VLUE

MSCI USA VALUE · ETP · CUSIP 46432F388

432 institutional holders -13 vs Q1 2023
58,898,79158.9m shares reported held*
$5.4bnreported value*
27 new 99 added 217 reduced 52 sold out net sold ≈ $451.7m (-11.8m 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 ($3.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $91.48. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 468Q1 23: 445Q2 23: 432432Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022468
Q4 2022468
Q1 2023445
Q2 2023432

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 23Q2 23: 126 bought or addedQ2 23: 269 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022182248
Q1 2023150267
Q2 2023126269

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 0.05Q2 23 calls: $0Q2 23 puts: $0Q2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$456.0k$00.00
Q4 2022$610.8k$282.5k0.46
Q1 2023$203.7k$9.3k0.05
Q2 2023$0$0—

Biggest buyers

Cerity Partners LLC Added +792,129+792.1k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +741,249+741.2k
Matson Money. Inc. Added +127,605+127.6k
IFP Advisors, Inc Added +66,894+66.9k
US FINANCIAL ADVISORS, LLC Added +55,518+55.5k
Addison Advisors LLC Added +52,572+52.6k
Mason Investment Advisory Services, Inc. Added +50,841+50.8k
FLPUTNAM INVESTMENT MANAGEMENT CO New +47,690+47.7k
ASSETMARK, INC Added +42,310+42.3k
Stonehearth Capital Management, LLC Added +38,968+39.0k

Biggest sellers

Summit Wealth Group, LLC Reduced -6,838,131-6.8m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,287,107-1.3m
MERCER GLOBAL ADVISORS INC /ADV Reduced -1,233,158-1.2m
Thrivent Financial for Lutherans Reduced -448,543-448.5k
HUB Investment Partners, LLC Reduced -409,571-409.6k
FMR LLC Reduced -408,304-408.3k
LPL Financial LLC Reduced -366,341-366.3k
EP Wealth Advisors, LLC Reduced -246,619-246.6k
True Link Financial Advisors, LLC Sold out -187,742-187.7k
COWA, LLC Reduced -176,775-176.8k

Biggest calls

Cutler Group LLC / CA New $0200 shares

Biggest puts

None

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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.08% of their portfolio MILWAUKEE, WI 17,177,98417.2m $1.6bn $1.6bn 2.08% Added +741.2k +741,249
2 Mason Investment Advisory Services, Inc. 37.27% of their portfolio RESTON, VA 4,605,6504.6m $432.0m $432.0m 37.27% Added +50.8k +50,841
3 Matson Money. Inc. 11.73% of their portfolio MASON, OH 3,499,3303.5m $328.2m $328.2m 11.73% Added +127.6k +127,605
4 MERCER GLOBAL ADVISORS INC /ADV 1.28% of their portfolio DENVER, CO 3,447,8673.4m $323.4m $323.4m 1.28% Reduced -1.2m -1,233,158
5 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 3,446,7483.4m $323.3m $323.3m 0.14% Reduced -1.3m -1,287,107
6 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 2,364,9322.4m $221.8m $221.8m 0.03% Reduced -173.3k -173,303
7 BlackRock Inc. 0.00% of their portfolio New York, NY 1,798,2721.8m $168.7m $168.7m 0.00% Reduced -28.3k -28,328
8 GFG Capital, LLC 0.28% of their portfolio MIAMI, FL 1,437,5451.4m $1.5m $1.5m 0.28% Reduced -1.8k -1,820
9 M&T Bank Corp 0.40% of their portfolio BUFFALO, NY 1,154,1061.2m $108.2m $108.2m 0.40% Reduced -91.9k -91,858
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 999,196999.2k $93.7m $93.7m 0.01% Reduced -96.2k -96,157
11 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 927,833927.8k $87.0m $87.0m 0.06% Reduced -366.3k -366,341
12 FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 1.03% of their portfolio STOCKHOLM, V7 899,568899.6k $84.4m $84.4m 1.03% Unchanged
13 Wharton Business Group, LLC 5.53% of their portfolio MALVERN, PA 893,860893.9k $83.8m $83.8m 5.53% Reduced -112.7k -112,716
14 UBS Group AG 0.03% of their portfolio ZURICH, V8 851,328851.3k $79.8m $79.8m 0.03% Reduced -146.5k -146,462
15 Cerity Partners LLC 0.30% of their portfolio NEW YORK, NY 811,659811.7k $76.1m $76.1m 0.30% Added +792.1k +792,129
16 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 788,594788.6k $74.0m $74.0m 0.06% Reduced -34.6k -34,605
17 COMMONWEALTH EQUITY SERVICES, LLC 0.11% of their portfolio WALTHAM, MA 578,405578.4k $54.2m $54.2m 0.11% Reduced -80.2k -80,173
18 PRUDENTIAL FINANCIAL INC 0.07% of their portfolio NEWARK, NJ 488,068488.1k $45.8m $45.8m 0.07% Reduced -41.0k -40,984
19 Integrated Wealth Concepts LLC 0.70% of their portfolio WALTHAM, MA 433,140433.1k $40.6m $40.6m 0.70% Reduced -7.1k -7,113
20 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 405,273405.3k $38.0m $38.0m 0.03% Reduced -21.5k -21,520
21 Provida Pension Fund Administrator 1.33% of their portfolio LAS CONDES, SANTIAGO, F3 401,171401.2k $37.6m $37.6m 1.33% Reduced -134.9k -134,862
22 CWM, LLC 0.23% of their portfolio OMAHA, NE 393,094393.1k $36.9m $36.9m 0.23% Reduced -53.2k -53,156
23 Strategic Financial Services, Inc. 2.73% of their portfolio UTICA, NY 383,075383.1k $36.7m $36.7m 2.73% Added +6.9k +6,935
24 SVB WEALTH LLC 0.65% of their portfolio BOSTON, MA 383,048383.0k $35.9m $35.9m 0.65% Reduced -67.7k -67,658
25 STATE OF MICHIGAN RETIREMENT SYSTEM 0.22% of their portfolio EAST LANSING, MI 382,450382.4k $35.9m $35.9m 0.22% Reduced -30.1k -30,100
26 Kathmere Capital Management, LLC 5.38% of their portfolio WAYNE, PA 368,870368.9k $34.6m $34.6m 5.38% Added +18.6k +18,635
27 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 342,980343.0k $32.2m $32.2m 0.01% Reduced -57.4k -57,402
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 311,581311.6k $29.2m $29.2m 0.00% Added +37.2k +37,247
29 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 305,855305.9k $28.7m $28.7m 0.05% Reduced -3.2k -3,193
30 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 298,887298.9k $28.0m $28.0m 0.10% Reduced -8.1k -8,069
31 FMR LLC 0.00% of their portfolio BOSTON, MA 266,894266.9k $25.0m $25.0m 0.00% Reduced -408.3k -408,304
32 Stonehearth Capital Management, LLC 12.11% of their portfolio DANVERS, MA 245,131245.1k $23.0m $23.0m 12.11% Added +39.0k +38,968
33 Mariner Managed Account Solutions, LLC 1.86% of their portfolio Boston, MA 241,244241.2k $22.6m $22.6m 1.86% Reduced -148.1k -148,130
34 CFO4Life Group, LLC 4.75% of their portfolio COPPELL, TX 236,167236.2k $22.2m $22.2m 4.75% Reduced -2.1k -2,121
35 INTRUST BANK NA 2.55% of their portfolio WICHITA, KS 224,348224.3k $21.0m $21.0m 2.55% Added +16.7k +16,663
36 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 184,289184.3k $17.3m $17.3m 0.08% Reduced -6.7k -6,702
37 Well Done, LLC 3.53% of their portfolio HOLLAND, MI 176,943176.9k $16.6m $16.6m 3.53% Reduced -5.1k -5,109
38 HENGEHOLD CAPITAL MANAGEMENT LLC 2.20% of their portfolio CINCINNATI, OH 176,393176.4k $16.5m $16.5m 2.20% Reduced -4.0k -4,000
39 Trilogy Capital Inc. 0.92% of their portfolio IRVINE, CA 149,382149.4k $14.4m $14.4m 0.92% Reduced -4.2k -4,226
40 Elk River Wealth Management LLC 2.99% of their portfolio DENVER, CO 149,097149.1k $14.0m $14.0m 2.99% Added +5.0k +5,012
41 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 142,204142.2k $13.3m $13.3m 0.00% Reduced -11.2k -11,193
42 Meridian Wealth Partners, LLC 2.61% of their portfolio EXTON, PA 135,540135.5k $12.7m $12.7m 2.61% Added +7.1k +7,082
43 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 134,981135.0k $12.7m $12.7m 0.07% Added +14.8k +14,833
44 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 134,478134.5k $12.6m $12.6m 0.02% Reduced -99.0k -98,957
45 Merriman Wealth Management, LLC 0.55% of their portfolio SEATTLE, WA 119,047119.0k $11.2m $11.2m 0.55% Reduced -5.7k -5,676
46 Cresset Asset Management, LLC 0.07% of their portfolio Chicago, IL 110,322110.3k $10.3m $10.3m 0.07% Reduced -57.0k -57,008
47 Haverford Trust Co 0.11% of their portfolio Radnor, PA 107,789107.8k $10.1m $10.1m 0.11% Added +37.0k +37,013
48 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 107,335107.3k $10.0m $10.0m 0.02% Reduced -224 -224
49 LS Investment Advisors, LLC 1.74% of their portfolio Bloomfield Hills, MI 105,769105.8k $9.9m $9.9m 1.74% Added +6.8k +6,794
50 IFP Advisors, Inc 0.21% of their portfolio TAMPA, FL 105,740105.7k $9.4m $9.4m 0.21% Added +66.9k +66,894
51 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 103,745103.7k $9.7m $9.7m 0.00% Reduced -47.2k -47,238
52 Custos Family Office, LLC 6.10% of their portfolio AUSTIN, TX 100,361100.4k $9.4m $9.4m 6.10% Added +2.8k +2,841
53 CAHILL FINANCIAL ADVISORS INC 1.45% of their portfolio EDINA, MN 95,63495.6k $9.0m $9.0m 1.45% Added +6.6k +6,630
54 SIGNATUREFD, LLC 0.23% of their portfolio ATLANTA, GA 95,58495.6k $9.0m $9.0m 0.23% Reduced -8.4k -8,448
55 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 94,41894.4k $8.9m $8.9m 0.02% Reduced -448.5k -448,543
56 Wolf Group Capital Advisors 4.13% of their portfolio FAIRFAX, VA 93,22693.2k $8.3m $8.3m 4.13% Added +1.8k +1,794
57 Savant Capital, LLC 0.13% of their portfolio ROCKFORD, IL 88,41388.4k $8.3m $8.3m 0.13% Reduced -440 -440
58 Parallel Advisors, LLC 0.27% of their portfolio SAN FRANCISCO, CA 88,06688.1k $8.3m $8.3m 0.27% Reduced -26.0k -25,998
59 US FINANCIAL ADVISORS, LLC 3.51% of their portfolio BRAINTREE, MA 87,92287.9k $8.2m $8.2m 3.51% Added +55.5k +55,518
60 Summit Wealth Group, LLC 3.14% of their portfolio WHITE RIVER JUNCTION, VT 82,70082.7k $7.8m $7.8m 3.14% Reduced -6.8m -6,838,131
61 WADDELL & ASSOCIATES, LLC 1.11% of their portfolio MEMPHIS, TN 80,24980.2k $7.5m $7.5m 1.11% Reduced -12.4k -12,410
62 Relative Value Partners Group, LLC 0.48% of their portfolio NORTHBROOK, IL 78,60978.6k $7.4m $7.4m 0.48% Reduced -50.9k -50,949
63 Foster Group, Inc. 0.44% of their portfolio WEST DES MOINES, IA 78,04578.0k $7.3m $7.3m 0.44% Added +8.5k +8,483
64 Beaird Harris Wealth Management, LLC 0.87% of their portfolio DALLAS, TX 77,16077.2k $7.2m $7.2m 0.87% Reduced -84.7k -84,709
65 BUCKINGHAM STRATEGIC WEALTH, LLC 0.10% of their portfolio CLAYTON, MO 75,10175.1k $7.0m $7.0m 0.10% Added +17.7k +17,706
66 U.S. Capital Wealth Advisors, LLC 0.33% of their portfolio AUSTIN, TX 74,40474.4k $7.0m $7.0m 0.33% Reduced -4.6k -4,609
67 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 72,51272.5k $6.8m $6.8m 0.10% Added +2.2k +2,219
68 ANDERSON HOAGLAND & CO 0.80% of their portfolio ST LOUIS, MO 66,71466.7k $6.3m $6.3m 0.80% Reduced -1.1k -1,109
69 D.A. DAVIDSON & CO. 0.07% of their portfolio GREAT FALLS, MT 66,03466.0k $6.2m $6.2m 0.07% Reduced -1.5k -1,454
70 BBJS FINANCIAL ADVISORS, LLC 2.45% of their portfolio SEATTLE, WA 65,22365.2k $6.1m $6.1m 2.45% Added +134 +134
71 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 64,87564.9k $2.7m $2.7m 0.04% Reduced -246.6k -246,619
72 Addison Advisors LLC 2.96% of their portfolio MIDDLEBURY, VT 63,84263.8k $6.0m $6.0m 2.96% Added +52.6k +52,572
73 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 60,20560.2k $5.6m $5.6m 0.02% Added +42.3k +42,310
74 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.12% of their portfolio BOSTON, MA 57,87757.9k $5.4m $5.4m 0.12% Unchanged
75 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 56,72256.7k $5.3m $5.3m 0.06% Reduced -5.4k -5,408
76 OneDigital Investment Advisors LLC 0.11% of their portfolio OVERLAND PARK, KS 52,70452.7k $4.9m $4.9m 0.11% Added +316 +316
77 Orion Porfolio Solutions, LLC 0.05% of their portfolio OMAHA, NE 49,25049.2k $4.6m $4.6m 0.05% Added +16.6k +16,573
78 Orion Portfolio Solutions, LLC 0.05% of their portfolio Omaha, NE 49,25049.2k $4.6m $4.6m 0.05% Added +16.6k +16,573
79 FLPUTNAM INVESTMENT MANAGEMENT CO 0.12% of their portfolio PORTLAND, ME 47,69047.7k $4.5m $4.5m 0.12% New
80 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.12% of their portfolio MINNEAPOLIS, MN 46,61546.6k $4.4m $4.4m 0.12% Reduced -8.1k -8,141
81 SIMON QUICK ADVISORS, LLC 0.39% of their portfolio MORRISTOWN, NJ 45,23445.2k $4.2m $4.2m 0.39% Reduced -7.2k -7,188
82 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 43,36743.4k $4.1m $4.1m 0.01% Reduced -24.4k -24,365
83 Bank Julius Baer & Co. Ltd, Zurich 0.02% of their portfolio ZURICH, V8 43,11743.1k $4.0m $4.0m 0.02% Reduced -1.4k -1,450
84 Equitable Holdings, Inc. 0.06% of their portfolio NEW YORK, NY 42,41342.4k $4.0m $4.0m 0.06% Reduced -536 -536
85 Atria Wealth Solutions, Inc. 0.05% of their portfolio NEW YORK, NY 41,21741.2k $3.9m $3.9m 0.05% Reduced -14.6k -14,630
86 FDx Advisors, Inc. 0.21% of their portfolio BERWYN, PA 40,63440.6k $3.8m $3.8m 0.21% Added +601 +601
87 Interchange Capital Partners, LLC 2.91% of their portfolio PITTSBURGH, PA 40,63440.6k $3.8m $3.8m 2.91% Reduced -284 -284
88 EFG CAPITAL INTERNATIONAL CORP. 0.88% of their portfolio MIAMI, FL 40,62540.6k $3.8m $3.8m 0.88% First filing
89 EFG Private Wealth Management (Americas) Corp. 0.88% of their portfolio MIAMI, FL 40,62540.6k $3.8m $3.8m 0.88% Reduced -680 -680
90 WEALTHSOURCE PARTNERS, LLC 0.25% of their portfolio SAN LUIS OBISPO, CA 40,04840.0k $3.8m $3.8m 0.25% Reduced -310 -310
91 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 39,94339.9k $3.7m $3.7m 0.04% Reduced -30.7k -30,746
92 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 39,27039.3k $3.7m $3.7m 0.00% Reduced -6.6k -6,560
93 EVERGREEN CAPITAL MANAGEMENT LLC 0.15% of their portfolio Bellevue, WA 38,53838.5k $3.6m $3.6m 0.15% Added +2 +2
94 Foundations Investment Advisors, LLC 0.12% of their portfolio PHOENIX, AZ 37,85537.9k $3.6m $3.6m 0.12% Reduced -1.6k -1,565
95 Focus Financial Network, Inc. 0.20% of their portfolio MINNEAPOLIS, MN 37,52637.5k $3.5m $3.5m 0.20% Reduced -379 -379
96 Berkshire Money Management, Inc. 0.50% of their portfolio DALTON, MA 37,14437.1k $3.5m $3.5m 0.50% Reduced -44.0k -44,008
97 Gunma Bank,Ltd. 2.22% of their portfolio GUNMA, M0 35,00035.0k $3.3m $3.3m 2.22% Reduced -4.0k -4,000
98 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 34,92634.9k $3.3m $3.3m 0.00% Reduced -47.8k -47,806
99 Snider Financial Group 1.56% of their portfolio BELLEVUE, WA 34,81034.8k $3.3m $3.3m 1.56% Added +1.3k +1,307
100 DAIDO LIFE INSURANCE CO 0.36% of their portfolio TOKYO, M0 34,80534.8k $3.3m $3.3m 0.36% Reduced -99.5k -99,463