Vault-13

ISHARES TR VLUE

MSCI USA VALUE · ETP · CUSIP 46432F388

435 institutional holders +19 vs Q3 2023
55,585,02555.6m shares reported held*
$5.6bnreported value*
36 new 95 added 200 reduced 38 sold out net sold ≈ $2.3m (-5.9k 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 ($3.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $101.11. Options: 2 managers hold calls ($362.1k notional), 0 hold puts (—).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 468Q1 23: 445Q2 23: 432Q3 23: 416Q4 23: 435435Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022468
Q4 2022468
Q1 2023445
Q2 2023432
Q3 2023416
Q4 2023435

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 23Q4 23: 131 bought or addedQ4 23: 238 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022182248
Q1 2023150267
Q2 2023126269
Q3 2023118237
Q4 2023131238

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ1 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 0.00Q4 23 calls: $362.1kQ4 23 puts: $0Q4 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2023$203.7k$9.3k0.05
Q2 2023$0$0—
Q3 2023$1.0k$00.00
Q4 2023$362.1k$00.00

Biggest buyers

MORGAN STANLEY Added +717,780+717.8k
JPMORGAN CHASE & CO Added +699,439+699.4k
Matson Money. Inc. Added +378,602+378.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +314,115+314.1k
Mason Investment Advisory Services, Inc. Added +70,598+70.6k
PFG Advisors Added +50,493+50.5k
AMERIPRISE FINANCIAL INC Added +42,154+42.2k
Financial Advocates Investment Management New +35,671+35.7k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +29,970+30.0k
Jefferies Financial Group Inc. New +29,955+30.0k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -255,152-255.2k
MERCER GLOBAL ADVISORS INC /ADV Reduced -236,857-236.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -233,018-233.0k
CWM, LLC Reduced -176,185-176.2k
Raymond James Financial Services Advisors, Inc. Reduced -144,972-145.0k
Bank of New York Mellon Corp Sold out -121,997-122.0k
UBS Group AG Reduced -88,586-88.6k
SVB WEALTH LLC Reduced -79,418-79.4k
PNC Financial Services Group, Inc. Reduced -71,029-71.0k
D.A. DAVIDSON & CO. Sold out -66,065-66.1k

Biggest calls

Belvedere Trading LLC New $354.1k3.5k shares
Cutler Group LLC / CA Reduced $8.0k1.7k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.03% of their portfolio MILWAUKEE, WI 17,809,19217.8m $1.8bn $1.8bn 2.03% Added +314.1k +314,115
2 Mason Investment Advisory Services, Inc. 33.50% of their portfolio RESTON, VA 4,500,1644.5m $455.2m $455.2m 33.50% Added +70.6k +70,598
3 Matson Money. Inc. 13.78% of their portfolio MASON, OH 3,994,6404.0m $404.1m $404.1m 13.78% Added +378.6k +378,602
4 MERCER GLOBAL ADVISORS INC /ADV 0.91% of their portfolio DENVER, CO 2,976,8243.0m $301.1m $301.1m 0.91% Reduced -236.9k -236,857
5 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 2,974,3973.0m $300.9m $300.9m 0.12% Reduced -233.0k -233,018
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,912,0901.9m $193.4m $193.4m 0.02% Reduced -255.2k -255,152
7 BlackRock Inc. 0.00% of their portfolio New York, NY 1,722,5381.7m $174.3m $174.3m 0.00% Reduced -55.0k -55,049
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,642,9961.6m $166.2m $166.2m 0.01% Added +717.8k +717,780
9 Wharton Business Group, LLC 6.15% of their portfolio MALVERN, PA 1,208,6471.2m $122.3m $122.3m 6.15% Added +1.9k +1,910
10 M&T Bank Corp 0.38% of their portfolio BUFFALO, NY 1,035,3831.0m $104.7m $104.7m 0.38% Reduced -63.0k -62,993
11 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,010,6221.0m $102.2m $102.2m 0.01% Added +699.4k +699,439
12 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 781,105781.1k $79.0m $79.0m 0.05% Reduced -30.5k -30,460
13 UBS Group AG 0.03% of their portfolio ZURICH, V8 715,870715.9k $72.4m $72.4m 0.03% Reduced -88.6k -88,586
14 Cerity Partners LLC 0.24% of their portfolio NEW YORK, NY 710,263710.3k $71.9m $71.9m 0.24% Reduced -9.6k -9,617
15 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 696,791696.8k $70.5m $70.5m 0.06% Reduced -71.0k -71,029
16 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 477,850477.9k $48.3m $48.3m 0.09% Reduced -10.9k -10,872
17 Provida Pension Fund Administrator 1.13% of their portfolio LAS CONDES, SANTIAGO, F3 401,171401.2k $40.6m $40.6m 1.13% Unchanged
18 PRUDENTIAL FINANCIAL INC 0.06% of their portfolio NEWARK, NJ 399,911399.9k $40.5m $40.5m 0.06% Added +12.7k +12,684
19 Strategic Financial Services, Inc. 2.83% of their portfolio UTICA, NY 397,739397.7k $40.2m $40.2m 2.83% Added +11.4k +11,406
20 Integrated Wealth Concepts LLC 0.65% of their portfolio WALTHAM, MA 393,603393.6k $39.8m $39.8m 0.65% Reduced -24.1k -24,094
21 Kathmere Capital Management, LLC 5.11% of their portfolio WAYNE, PA 389,515389.5k $39.4m $39.4m 5.11% Added +5.3k +5,340
22 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 345,763345.8k $35.0m $35.0m 0.03% Reduced -28.2k -28,154
23 STATE OF MICHIGAN RETIREMENT SYSTEM 0.19% of their portfolio EAST LANSING, MI 323,500323.5k $32.7m $32.7m 0.19% Added +28.7k +28,700
24 Spider Management Company, LLC 20.19% of their portfolio RICHMOND, VA 310,315310.3k $31.4m $31.4m 20.19% First filing
25 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 295,178295.2k $29.9m $29.9m 0.10% Reduced -3.8k -3,820
26 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 286,984287.0k $29.0m $29.0m 0.01% Added +306 +306
27 Stonehearth Capital Management, LLC 13.47% of their portfolio DANVERS, MA 270,981271.0k $27.4m $27.4m 13.47% Added +19.0k +19,018
28 SVB WEALTH LLC 0.65% of their portfolio BOSTON, MA 262,472262.5k $26.6m $26.6m 0.65% Reduced -79.4k -79,418
29 Mariner Managed Account Solutions, LLC 1.91% of their portfolio Boston, MA 258,138258.1k $26.1m $26.1m 1.91% Added +9.2k +9,185
30 FMR LLC 0.00% of their portfolio BOSTON, MA 256,265256.3k $25.9m $25.9m 0.00% Reduced -3.4k -3,387
31 CFO4Life Group, LLC 4.80% of their portfolio COPPELL, TX 248,449248.4k $25.1m $25.1m 4.80% Added +9.4k +9,377
32 INTRUST BANK NA 2.42% of their portfolio WICHITA, KS 206,390206.4k $20.9m $20.9m 2.42% Reduced -21.6k -21,611
33 CWM, LLC 0.11% of their portfolio OMAHA, NE 202,186202.2k $20.5m $20.5m 0.11% Reduced -176.2k -176,185
34 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 173,333173.3k $17.5m $17.5m 0.01% Added +42.2k +42,154
35 Well Done, LLC 3.22% of their portfolio HOLLAND, MI 162,454162.5k $16.4m $16.4m 3.22% Reduced -6.7k -6,735
36 Elk River Wealth Management LLC 3.12% of their portfolio DENVER, CO 160,740160.7k $16.3m $16.3m 3.12% Added +2.1k +2,132
37 Haverford Trust Co 0.16% of their portfolio Radnor, PA 144,740144.7k $14.6m $14.6m 0.16% Added +18.5k +18,514
38 Trilogy Capital Inc. 0.87% of their portfolio IRVINE, CA 138,928138.9k $14.1m $14.1m 0.87% Reduced -9.1k -9,055
39 Meridian Wealth Partners, LLC 2.68% of their portfolio EXTON, PA 138,895138.9k $14.1m $14.1m 2.68% Added +2.7k +2,664
40 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 134,598134.6k $13.6m $13.6m 0.02% Reduced -145.0k -144,972
41 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 124,740124.7k $12.6m $12.6m 0.03% Unchanged
42 Merriman Wealth Management, LLC 0.55% of their portfolio SEATTLE, WA 111,097111.1k $11.2m $11.2m 0.55% Reduced -3.6k -3,598
43 US FINANCIAL ADVISORS, LLC 3.81% of their portfolio BRAINTREE, MA 100,973101.0k $10.2m $10.2m 3.81% Added +4.5k +4,468
44 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 100,885100.9k $10.2m $10.2m 0.02% Added +176 +176
45 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 99,80399.8k $10.1m $10.1m 0.00% Reduced -24.3k -24,288
46 Wolf Group Capital Advisors 4.16% of their portfolio FAIRFAX, VA 93,50793.5k $8.8m $8.8m 4.16% Reduced -369 -369
47 Cresset Asset Management, LLC 0.06% of their portfolio Chicago, IL 92,69692.7k $9.4m $9.4m 0.06% Reduced -3.7k -3,730
48 BUCKINGHAM STRATEGIC WEALTH, LLC 0.11% of their portfolio CLAYTON, MO 91,98192.0k $9.3m $9.3m 0.11% Added +13.6k +13,587
49 Summit Wealth Group, LLC 6.93% of their portfolio WHITE RIVER JUNCTION, VT 87,54187.5k $8.9m $8.9m 6.93% Added +3.1k +3,143
50 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 87,02587.0k $8.8m $8.8m 0.00% Reduced -42.7k -42,655
51 SIGNATUREFD, LLC 0.20% of their portfolio ATLANTA, GA 86,64386.6k $8.8m $8.8m 0.20% Reduced -5.3k -5,306
52 Savant Capital, LLC 0.11% of their portfolio ROCKFORD, IL 85,36885.4k $8.6m $8.6m 0.11% Reduced -2.4k -2,438
53 Foster Group, Inc. 0.46% of their portfolio WEST DES MOINES, IA 82,96983.0k $7.5m $7.5m 0.46% Unchanged
54 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 76,99877.0k $7.8m $7.8m 0.01% Reduced -2.8k -2,752
55 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 76,58076.6k $7.7m $7.7m 0.10% Added +744 +744
56 Addison Advisors LLC 2.97% of their portfolio MIDDLEBURY, VT 75,39275.4k $7.6m $7.6m 2.97% Added +4.1k +4,060
57 ANDERSON HOAGLAND & CO 0.91% of their portfolio ST LOUIS, MO 74,97775.0k $7.4m $7.4m 0.91% Added +9.0k +9,012
58 OneDigital Investment Advisors LLC 0.13% of their portfolio OVERLAND PARK, KS 73,73673.7k $7.5m $7.5m 0.13% Added +5.4k +5,440
59 Beaird Harris Wealth Management, LLC 0.76% of their portfolio DALLAS, TX 71,57071.6k $7.2m $7.2m 0.76% Reduced -3.1k -3,073
60 WADDELL & ASSOCIATES, LLC 0.97% of their portfolio MEMPHIS, TN 71,26371.3k $7.2m $7.2m 0.97% Reduced -8.1k -8,092
61 U.S. Capital Wealth Advisors, LLC 0.28% of their portfolio AUSTIN, TX 69,77269.8k $7.1m $7.1m 0.28% Reduced -2.9k -2,873
62 Parallel Advisors, LLC 0.20% of their portfolio SAN FRANCISCO, CA 67,80667.8k $6.9m $6.9m 0.20% Reduced -8.9k -8,900
63 Relative Value Partners Group, LLC 0.42% of their portfolio NORTHBROOK, IL 67,19267.2k $6.8m $6.8m 0.42% Reduced -2.7k -2,670
64 SYNTAX RESEARCH, INC. 5.63% of their portfolio BOCA RATON, FL 66,50666.5k $6.7m $6.7m 5.63% Reduced -11.7k -11,690
65 BBJS FINANCIAL ADVISORS, LLC 2.27% of their portfolio SEATTLE, WA 64,48964.5k $6.5m $6.5m 2.27% Added +839 +839
66 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 63,53863.5k $6.4m $6.4m 0.03% Reduced -50.6k -50,555
67 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.13% of their portfolio BOSTON, MA 57,87757.9k $5.9m $5.9m 0.13% Unchanged
68 Cetera Advisor Networks LLC 0.03% of their portfolio EL SEGUNDO, CA 56,23356.2k $5.7m $5.7m 0.03% Reduced -20.6k -20,636
69 IFP Advisors, Inc 0.27% of their portfolio TAMPA, FL 56,06756.1k $5.7m $5.7m 0.27% Reduced -977 -977
70 PFG Advisors 0.46% of their portfolio Phoenix, AZ 56,03656.0k $5.7m $5.7m 0.46% Added +50.5k +50,493
71 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 55,50355.5k $5.6m $5.6m 0.01% Reduced -45.9k -45,941
72 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 50,32450.3k $5.1m $5.1m 0.01% Added +30.0k +29,970
73 SIMON QUICK ADVISORS, LLC 0.39% of their portfolio MORRISTOWN, NJ 44,15844.2k $4.5m $4.5m 0.39% Added +568 +568
74 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 41,77341.8k $4.2m $4.2m 0.05% Reduced -1.7k -1,701
75 FDx Advisors, Inc. 0.32% of their portfolio BERWYN, PA 40,96141.0k $4.1m $4.1m 0.32% Added +327 +327
76 Interchange Capital Partners, LLC 3.10% of their portfolio PITTSBURGH, PA 40,95841.0k $4.1m $4.1m 3.10% Added +324 +324
77 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 39,78039.8k $4.0m $4.0m 0.00% Added +200 +200
78 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 38,96539.0k $3.9m $3.9m 0.02% Reduced -5.5k -5,528
79 Bank Julius Baer & Co. Ltd, Zurich 0.02% of their portfolio ZURICH, V8 38,92538.9k $3.9m $3.9m 0.02% Reduced -5.5k -5,540
80 EVERGREEN CAPITAL MANAGEMENT LLC 0.16% of their portfolio Bellevue, WA 38,57138.6k $3.9m $3.9m 0.16% Added +33 +33
81 FOCUS FINANCIAL NETWORK INC /ADV 0.15% of their portfolio Minneapolis, MN 38,48338.5k $3.9m $3.9m 0.15% First filing
82 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 38,26438.3k $3.9m $3.9m 0.01% Added +3.0k +2,972
83 SARD WEALTH MANAGEMENT GROUP, LLC 3.87% of their portfolio ATLANTA, GA 37,86337.9k $3.8m $3.8m 3.87% First filing
84 FLPUTNAM INVESTMENT MANAGEMENT CO 0.09% of their portfolio PORTLAND, ME 37,72137.7k $3.8m $3.8m 0.09% Reduced -18.1k -18,150
85 Mariner, LLC 0.01% of their portfolio Overland Park, KS 36,06936.1k $3.6m $3.6m 0.01% Added +16.0k +16,029
86 Snider Financial Group 1.68% of their portfolio BELLEVUE, WA 35,99436.0k $3.6m $3.6m 1.68% Added +500 +500
87 LS Investment Advisors, LLC 0.63% of their portfolio Bloomfield Hills, MI 35,80535.8k $3.6m $3.6m 0.63% Reduced -64.6k -64,580
88 Financial Advocates Investment Management 0.12% of their portfolio OLYMPIA, WA 35,67135.7k $1.9m $1.9m 0.12% New
89 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 34,92934.9k $3.5m $3.5m 0.04% Reduced -5.6k -5,612
90 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 34,17534.2k $3.5m $3.5m 0.00% Added +19.9k +19,906
91 EFG Private Wealth Management (Americas) Corp. 0.70% of their portfolio MIAMI, FL 32,17032.2k $3.3m $3.3m 0.70% Reduced -8.8k -8,812
92 STEPHENS INC /AR/ 0.05% of their portfolio LITTLE ROCK, AR 31,36831.4k $3.2m $3.2m 0.05% Unchanged
93 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 29,95530.0k $3.0m $3.0m 0.05% New
94 Dorsey & Whitney Trust CO LLC 0.23% of their portfolio SIOUX FALLS, SD 29,62529.6k $3.0m $3.0m 0.23% Unchanged
95 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 29,43329.4k $3.0m $3.0m 0.04% Added +1.8k +1,756
96 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 28,74928.7k $2.9m $2.9m 0.00% Reduced -763 -763
97 INSIGNEO ADVISORY SERVICES, LLC 0.40% of their portfolio MIAMI, FL 28,15428.2k $2.8m $2.8m 0.40% Added +4 +4
98 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 27,71527.7k $2.8m $2.8m 0.02% Reduced -1.5k -1,504
99 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 26,71326.7k $2.7m $2.7m 0.01% Reduced -1.1k -1,105
100 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 26,40326.4k $2.7m $2.7m 0.00% Reduced -22.5k -22,451