Vault-13

ISHARES TR VLUE

MSCI USA VALUE · ETP · CUSIP 46432F388

416 institutional holders -16 vs Q2 2023
55,201,96455.2m shares reported held*
$5.0bnreported value*
27 new 91 added 199 reduced 38 sold out net sold ≈ $206.5m (-3.7m 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 ≈ $90.73. Options: 1 managers hold calls ($1.0k notional), 0 hold puts (—).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 468Q1 23: 445Q2 23: 432Q3 23: 416416Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022468
Q4 2022468
Q1 2023445
Q2 2023432
Q3 2023416

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 23Q3 23: 118 bought or addedQ3 23: 237 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022182248
Q1 2023150267
Q2 2023126269
Q3 2023118237

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ4 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 —Q3 23 calls: $1.0kQ3 23 puts: $0Q3 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2022$610.8k$282.5k0.46
Q1 2023$203.7k$9.3k0.05
Q2 2023$0$0—
Q3 2023$1.0k$00.00

Biggest buyers

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +317,093+317.1k
Wharton Business Group, LLC Added +312,877+312.9k
Qube Research & Technologies Ltd Added +123,701+123.7k
Bank of New York Mellon Corp Added +118,585+118.6k
Matson Money. Inc. Added +116,708+116.7k
GOLDMAN SACHS GROUP INC Added +89,165+89.2k
MILLENNIUM MANAGEMENT LLC Added +53,560+53.6k
Cetera Advisor Networks LLC Added +48,373+48.4k
BNP PARIBAS FINANCIAL MARKETS Added +36,747+36.7k
HRT FINANCIAL LP Added +36,597+36.6k

Biggest sellers

GFG Capital, LLC Reduced -1,433,486-1.4m
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND Sold out -899,568-899.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -239,333-239.3k
MERCER GLOBAL ADVISORS INC /ADV Reduced -234,186-234.2k
BANK OF AMERICA CORP /DE/ Reduced -197,690-197.7k
Mason Investment Advisory Services, Inc. Reduced -176,084-176.1k
HENGEHOLD CAPITAL MANAGEMENT LLC Reduced -165,292-165.3k
Cambridge Investment Research Advisors, Inc. Reduced -139,796-139.8k
LPL Financial LLC Reduced -116,268-116.3k
PRUDENTIAL FINANCIAL INC Reduced -100,841-100.8k

Biggest calls

Cutler Group LLC / CA Added $1.0k1.9k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.06% of their portfolio MILWAUKEE, WI 17,495,07717.5m $1.6bn $1.6bn 2.06% Added +317.1k +317,093
2 Mason Investment Advisory Services, Inc. 36.94% of their portfolio RESTON, VA 4,429,5664.4m $401.9m $401.9m 36.94% Reduced -176.1k -176,084
3 Matson Money. Inc. 11.86% of their portfolio MASON, OH 3,616,0383.6m $328.0m $328.0m 11.86% Added +116.7k +116,708
4 MERCER GLOBAL ADVISORS INC /ADV 1.11% of their portfolio DENVER, CO 3,213,6813.2m $291.5m $291.5m 1.11% Reduced -234.2k -234,186
5 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 3,207,4153.2m $291.0m $291.0m 0.13% Reduced -239.3k -239,333
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,167,2422.2m $196.6m $196.6m 0.02% Reduced -197.7k -197,690
7 BlackRock Inc. 0.00% of their portfolio New York, NY 1,777,5871.8m $161.3m $161.3m 0.00% Reduced -20.7k -20,685
8 Wharton Business Group, LLC 6.08% of their portfolio MALVERN, PA 1,206,7371.2m $109.5m $109.5m 6.08% Added +312.9k +312,877
9 M&T Bank Corp 0.40% of their portfolio BUFFALO, NY 1,098,3761.1m $99.6m $99.6m 0.40% Reduced -55.7k -55,730
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 925,216925.2k $83.9m $83.9m 0.01% Reduced -74.0k -73,980
11 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 811,565811.6k $73.6m $73.6m 0.05% Reduced -116.3k -116,268
12 UBS Group AG 0.03% of their portfolio ZURICH, V8 804,456804.5k $73.0m $73.0m 0.03% Reduced -46.9k -46,872
13 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 767,820767.8k $69.7m $69.7m 0.06% Reduced -20.8k -20,774
14 Cerity Partners LLC 0.32% of their portfolio NEW YORK, NY 719,880719.9k $65.3m $65.3m 0.32% Reduced -91.8k -91,779
15 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 488,722488.7k $44.3m $44.3m 0.09% Reduced -89.7k -89,683
16 Integrated Wealth Concepts LLC 0.67% of their portfolio WALTHAM, MA 417,697417.7k $37.9m $37.9m 0.67% Reduced -15.4k -15,443
17 Provida Pension Fund Administrator 1.30% of their portfolio LAS CONDES, SANTIAGO, F3 401,171401.2k $36.4m $36.4m 1.30% Unchanged
18 PRUDENTIAL FINANCIAL INC 0.06% of their portfolio NEWARK, NJ 387,227387.2k $35.1m $35.1m 0.06% Reduced -100.8k -100,841
19 Strategic Financial Services, Inc. 2.73% of their portfolio UTICA, NY 386,333386.3k $35.0m $35.0m 2.73% Added +3.3k +3,258
20 Kathmere Capital Management, LLC 5.17% of their portfolio WAYNE, PA 384,175384.2k $34.9m $34.9m 5.17% Added +15.3k +15,305
21 CWM, LLC 0.21% of their portfolio OMAHA, NE 378,371378.4k $34.3m $34.3m 0.21% Reduced -14.7k -14,723
22 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 373,917373.9k $33.9m $33.9m 0.03% Reduced -31.4k -31,356
23 SVB WEALTH LLC 0.68% of their portfolio BOSTON, MA 341,890341.9k $31.0m $31.0m 0.68% Reduced -41.2k -41,158
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 311,183311.2k $28.2m $28.2m 0.00% Reduced -398 -398
25 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 298,998299.0k $27.1m $27.1m 0.10% Added +111 +111
26 STATE OF MICHIGAN RETIREMENT SYSTEM 0.17% of their portfolio EAST LANSING, MI 294,800294.8k $26.7m $26.7m 0.17% Reduced -87.7k -87,650
27 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 286,678286.7k $26.0m $26.0m 0.01% Reduced -56.3k -56,302
28 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 279,570279.6k $25.4m $25.4m 0.05% Reduced -26.3k -26,285
29 FMR LLC 0.00% of their portfolio BOSTON, MA 259,652259.7k $23.6m $23.6m 0.00% Reduced -7.2k -7,242
30 Stonehearth Capital Management, LLC 12.47% of their portfolio DANVERS, MA 251,963252.0k $22.9m $22.9m 12.47% Added +6.8k +6,832
31 Mariner Managed Account Solutions, LLC 1.86% of their portfolio Boston, MA 248,953249.0k $22.6m $22.6m 1.86% Added +7.7k +7,709
32 CFO4Life Group, LLC 5.01% of their portfolio COPPELL, TX 239,072239.1k $21.7m $21.7m 5.01% Added +2.9k +2,905
33 INTRUST BANK NA 2.64% of their portfolio WICHITA, KS 228,001228.0k $20.7m $20.7m 2.64% Added +3.7k +3,653
34 Well Done, LLC 3.40% of their portfolio HOLLAND, MI 169,189169.2k $15.3m $15.3m 3.40% Reduced -7.8k -7,754
35 Elk River Wealth Management LLC 3.21% of their portfolio DENVER, CO 158,608158.6k $14.5m $14.5m 3.21% Added +9.5k +9,511
36 Trilogy Capital Inc. 0.91% of their portfolio IRVINE, CA 147,983148.0k $13.4m $13.4m 0.91% Reduced -1.4k -1,399
37 Meridian Wealth Partners, LLC 2.57% of their portfolio EXTON, PA 136,231136.2k $12.4m $12.4m 2.57% Added +691 +691
38 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 131,179131.2k $11.9m $11.9m 0.00% Reduced -11.0k -11,025
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 129,680129.7k $11.8m $11.8m 0.00% Added +25.9k +25,935
40 Haverford Trust Co 0.14% of their portfolio Radnor, PA 126,226126.2k $11.5m $11.5m 0.14% Added +18.4k +18,437
41 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 124,740124.7k $11.3m $11.3m 0.03% Added +123.7k +123,701
42 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 124,091124.1k $11.3m $11.3m 0.00% Added +89.2k +89,165
43 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 121,997122.0k $11.1m $11.1m 0.00% Added +118.6k +118,585
44 Merriman Wealth Management, LLC 0.54% of their portfolio SEATTLE, WA 114,695114.7k $10.4m $10.4m 0.54% Reduced -4.4k -4,352
45 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 114,093114.1k $10.4m $10.4m 0.06% Reduced -20.9k -20,888
46 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 101,444101.4k $9.2m $9.2m 0.01% Reduced -33.0k -33,034
47 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 100,709100.7k $9.1m $9.1m 0.02% Added +6.3k +6,291
48 LS Investment Advisors, LLC 1.71% of their portfolio Bloomfield Hills, MI 100,385100.4k $9.1m $9.1m 1.71% Reduced -5.4k -5,384
49 US FINANCIAL ADVISORS, LLC 3.64% of their portfolio BRAINTREE, MA 96,50596.5k $8.8m $8.8m 3.64% Added +8.6k +8,583
50 Cresset Asset Management, LLC 0.06% of their portfolio Chicago, IL 96,42696.4k $8.8m $8.8m 0.06% Reduced -13.9k -13,896
51 Wolf Group Capital Advisors 4.03% of their portfolio FAIRFAX, VA 93,87693.9k $8.5m $8.5m 4.03% Added +650 +650
52 SIGNATUREFD, LLC 0.22% of their portfolio ATLANTA, GA 91,94991.9k $8.3m $8.3m 0.22% Reduced -3.6k -3,635
53 Savant Capital, LLC 0.12% of their portfolio ROCKFORD, IL 87,80687.8k $8.0m $8.0m 0.12% Reduced -607 -607
54 Summit Wealth Group, LLC 6.83% of their portfolio WHITE RIVER JUNCTION, VT 84,39884.4k $7.7m $7.7m 6.83% Added +1.7k +1,698
55 Foster Group, Inc. 0.46% of their portfolio WEST DES MOINES, IA 82,96983.0k $7.5m $7.5m 0.46% Added +4.9k +4,924
56 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 79,75079.8k $7.2m $7.2m 0.01% Reduced -27.6k -27,585
57 WADDELL & ASSOCIATES, LLC 1.05% of their portfolio MEMPHIS, TN 79,35579.4k $7.2m $7.2m 1.05% Reduced -894 -894
58 BUCKINGHAM STRATEGIC WEALTH, LLC 0.10% of their portfolio CLAYTON, MO 78,39478.4k $7.1m $7.1m 0.10% Added +3.3k +3,293
59 SYNTAX RESEARCH, INC. 5.74% of their portfolio BOCA RATON, FL 78,19678.2k $7.1m $7.1m 5.74% First filing
60 Cetera Advisor Networks LLC 0.04% of their portfolio EL SEGUNDO, CA 76,86976.9k $7.0m $7.0m 0.04% Added +48.4k +48,373
61 Parallel Advisors, LLC 0.23% of their portfolio SAN FRANCISCO, CA 76,70676.7k $7.0m $7.0m 0.23% Reduced -11.4k -11,360
62 Steward Partners Investment Advisory, LLC 0.11% of their portfolio STAMFORD, CT 75,83675.8k $6.9m $6.9m 0.11% Added +3.3k +3,324
63 Beaird Harris Wealth Management, LLC 0.81% of their portfolio DALLAS, TX 74,64374.6k $6.8m $6.8m 0.81% Reduced -2.5k -2,517
64 U.S. Capital Wealth Advisors, LLC 0.30% of their portfolio AUSTIN, TX 72,64572.6k $6.6m $6.6m 0.30% Reduced -1.8k -1,759
65 Addison Advisors LLC 3.01% of their portfolio MIDDLEBURY, VT 71,33271.3k $6.5m $6.5m 3.01% Added +7.5k +7,490
66 Relative Value Partners Group, LLC 0.43% of their portfolio NORTHBROOK, IL 69,86269.9k $6.3m $6.3m 0.43% Reduced -8.7k -8,747
67 OneDigital Investment Advisors LLC 0.13% of their portfolio OVERLAND PARK, KS 68,29668.3k $6.2m $6.2m 0.13% Added +15.6k +15,592
68 D.A. DAVIDSON & CO. 0.07% of their portfolio GREAT FALLS, MT 66,06566.1k $6.0m $6.0m 0.07% Added +31 +31
69 ANDERSON HOAGLAND & CO 0.80% of their portfolio ST LOUIS, MO 65,96566.0k $6.0m $6.0m 0.80% Reduced -749 -749
70 BBJS FINANCIAL ADVISORS, LLC 2.19% of their portfolio SEATTLE, WA 63,65063.6k $5.8m $5.8m 2.19% Reduced -1.6k -1,573
71 Gunma Bank,Ltd. 4.16% of their portfolio GUNMA, M0 63,00063.0k $5.7m $5.7m 4.16% Added +28.0k +28,000
72 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 59,26959.3k $5.4m $5.4m 0.01% Added +53.6k +53,560
73 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.13% of their portfolio BOSTON, MA 57,87757.9k $5.3m $5.3m 0.13% Unchanged
74 IFP Advisors, Inc 0.23% of their portfolio TAMPA, FL 57,04457.0k $5.2m $5.2m 0.23% Reduced -48.7k -48,696
75 FLPUTNAM INVESTMENT MANAGEMENT CO 0.14% of their portfolio PORTLAND, ME 55,87155.9k $5.1m $5.1m 0.14% Added +8.2k +8,181
76 HRT FINANCIAL LP 0.05% of their portfolio NEW YORK, NY 51,63751.6k $4.7m $4.7m 0.05% Added +36.6k +36,597
77 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 48,85448.9k $4.4m $4.4m 0.01% Added +36.7k +36,747
78 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 44,49344.5k $4.0m $4.0m 0.02% Reduced -139.8k -139,796
79 Bank Julius Baer & Co. Ltd, Zurich 0.02% of their portfolio ZURICH, V8 44,46544.5k $4.0m $4.0m 0.02% Added +1.3k +1,348
80 SIMON QUICK ADVISORS, LLC 0.37% of their portfolio MORRISTOWN, NJ 43,59043.6k $4.0m $4.0m 0.37% Reduced -1.6k -1,644
81 Equitable Holdings, Inc. 0.06% of their portfolio NEW YORK, NY 43,47443.5k $3.9m $3.9m 0.06% Added +1.1k +1,061
82 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 43,12443.1k $3.9m $3.9m 0.02% Reduced -17.1k -17,081
83 EFG Private Wealth Management (Americas) Corp. 0.89% of their portfolio MIAMI, FL 40,98241.0k $3.7m $3.7m 0.89% Added +357 +357
84 FDx Advisors, Inc. 0.31% of their portfolio BERWYN, PA 40,63440.6k $3.7m $3.7m 0.31% Unchanged
85 Interchange Capital Partners, LLC 2.93% of their portfolio PITTSBURGH, PA 40,63440.6k $3.7m $3.7m 2.93% Unchanged
86 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 40,54140.5k $3.7m $3.7m 0.04% Reduced -16.2k -16,181
87 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 39,58039.6k $3.6m $3.6m 0.00% Added +310 +310
88 EVERGREEN CAPITAL MANAGEMENT LLC 0.15% of their portfolio Bellevue, WA 38,53838.5k $3.5m $3.5m 0.15% Unchanged
89 Focus Financial Network, Inc. 0.19% of their portfolio MINNEAPOLIS, MN 37,46537.5k $3.4m $3.4m 0.19% Reduced -61 -61
90 Snider Financial Group 1.56% of their portfolio BELLEVUE, WA 35,49435.5k $3.2m $3.2m 1.56% Added +684 +684
91 Foundations Investment Advisors, LLC 0.10% of their portfolio PHOENIX, AZ 35,34935.3k $3.2m $3.2m 0.10% Reduced -2.5k -2,506
92 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 35,29235.3k $3.2m $3.2m 0.01% Added +30.6k +30,618
93 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.09% of their portfolio MINNEAPOLIS, MN 34,80234.8k $3.2m $3.2m 0.09% Reduced -11.8k -11,813
94 Orion Porfolio Solutions, LLC 0.04% of their portfolio OMAHA, NE 34,23334.2k $3.1m $3.1m 0.04% Reduced -15.0k -15,017
95 Orion Portfolio Solutions, LLC 0.04% of their portfolio Omaha, NE 34,23334.2k $3.1m $3.1m 0.04% Reduced -15.0k -15,017
96 STEPHENS INC /AR/ 0.05% of their portfolio LITTLE ROCK, AR 31,36831.4k $2.8m $2.8m 0.05% Reduced -2.3k -2,317
97 Focus Partners Advisor Solutions, LLC 0.14% of their portfolio SAINT LOUIS, MO 31,35731.4k $2.8m $2.8m 0.14% Reduced -1.7k -1,716
98 WEALTHSOURCE PARTNERS, LLC 0.19% of their portfolio SAN LUIS OBISPO, CA 29,95630.0k $2.7m $2.7m 0.19% Reduced -10.1k -10,092
99 Dorsey & Whitney Trust CO LLC 0.23% of their portfolio SIOUX FALLS, SD 29,62529.6k $2.7m $2.7m 0.23% Reduced -875 -875
100 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 29,51229.5k $2.7m $2.7m 0.00% Added +26.9k +26,939