Vault-13

ISHARES TR VLUE

MSCI USA VALUE · ETP · CUSIP 46432F388

421 institutional holders -14 vs Q4 2023
56,860,79656.9m shares reported held*
$6.0bnreported value*
40 new 110 added 183 reduced 48 sold out net bought ≈ $56.8m (+1.6m 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $106.17. Options: 1 managers hold calls ($1.0k notional), 0 hold puts (—).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 468Q1 23: 445Q2 23: 432Q3 23: 416Q4 23: 435Q1 24: 421421Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022468
Q4 2022468
Q1 2023445
Q2 2023432
Q3 2023416
Q4 2023435
Q1 2024421

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 23Q1 24: 150 bought or addedQ1 24: 231 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022182248
Q1 2023150267
Q2 2023126269
Q3 2023118237
Q4 2023131238
Q1 2024150231

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ2 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 0.00Q1 24 calls: $1.0kQ1 24 puts: $0Q1 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2023$0$0—
Q3 2023$1.0k$00.00
Q4 2023$362.1k$00.00
Q1 2024$1.0k$00.00

Biggest buyers

GFG Capital, LLC New +1,197,440+1.2m
MORGAN STANLEY Added +736,310+736.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +568,876+568.9k
LIFE LINE WEALTH MANAGEMENT LLC New +224,330+224.3k
Nan Shan Life Insurance Co., Ltd. New +178,027+178.0k
STATE OF MICHIGAN RETIREMENT SYSTEM Added +132,900+132.9k
Aptus Capital Advisors, LLC Added +128,072+128.1k
JOURNEY STRATEGIC WEALTH LLC Added +108,826+108.8k
Deane Retirement Strategies, Inc. New +76,447+76.4k
Gunma Bank,Ltd. Added +75,000+75.0k

Biggest sellers

PRUDENTIAL FINANCIAL INC Sold out -399,911-399.9k
BlackRock Inc. Reduced -183,150-183.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -175,588-175.6k
MERCER GLOBAL ADVISORS INC /ADV Reduced -174,323-174.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -166,893-166.9k
Well Done, LLC Reduced -102,690-102.7k
Wharton Business Group, LLC Reduced -100,436-100.4k
Strategic Financial Services, Inc. Reduced -83,580-83.6k
BANK OF AMERICA CORP /DE/ Reduced -77,305-77.3k
Matson Money. Inc. Reduced -75,924-75.9k

Biggest calls

Cutler Group LLC / CA Reduced $1.0k100 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.05% of their portfolio MILWAUKEE, WI 18,378,06818.4m $2.0bn $2.0bn 2.05% Added +568.9k +568,876
2 Mason Investment Advisory Services, Inc. 33.37% of their portfolio RESTON, VA 4,455,0634.5m $482.5m $482.5m 33.37% Reduced -45.1k -45,101
3 Matson Money. Inc. 14.07% of their portfolio MASON, OH 3,918,7163.9m $424.4m $424.4m 14.07% Reduced -75.9k -75,924
4 MERCER GLOBAL ADVISORS INC /ADV 0.86% of their portfolio DENVER, CO 2,802,5012.8m $303.5m $303.5m 0.86% Reduced -174.3k -174,323
5 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 2,798,8092.8m $303.1m $303.1m 0.11% Reduced -175.6k -175,588
6 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 2,379,3062.4m $257.7m $257.7m 0.01% Added +736.3k +736,310
7 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,834,7851.8m $198.7m $198.7m 0.02% Reduced -77.3k -77,305
8 BlackRock Inc. 0.00% of their portfolio New York, NY 1,539,3881.5m $166.7m $166.7m 0.00% Reduced -183.2k -183,150
9 GFG Capital, LLC 3.09% of their portfolio MIAMI, FL 1,197,4401.2m $12.0m $12.0m 3.09% New
10 Wharton Business Group, LLC 5.77% of their portfolio MALVERN, PA 1,108,2111.1m $120.0m $120.0m 5.77% Reduced -100.4k -100,436
11 M&T Bank Corp 0.39% of their portfolio BUFFALO, NY 1,024,5291.0m $111.0m $111.0m 0.39% Reduced -10.9k -10,854
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,012,9761.0m $109.7m $109.7m 0.00% Added +2.4k +2,354
13 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 764,513764.5k $82.8m $82.8m 0.04% Reduced -16.6k -16,592
14 Cerity Partners LLC 0.20% of their portfolio NEW YORK, NY 695,279695.3k $75.3m $75.3m 0.20% Reduced -15.0k -14,984
15 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 677,536677.5k $73.4m $73.4m 0.05% Reduced -19.3k -19,255
16 UBS Group AG 0.02% of their portfolio ZURICH, V8 659,804659.8k $71.5m $71.5m 0.02% Reduced -56.1k -56,066
17 STATE OF MICHIGAN RETIREMENT SYSTEM 0.27% of their portfolio EAST LANSING, MI 456,400456.4k $49.4m $49.4m 0.27% Added +132.9k +132,900
18 Integrated Wealth Concepts LLC 0.65% of their portfolio WALTHAM, MA 412,777412.8k $44.7m $44.7m 0.65% Added +19.2k +19,174
19 Provida Pension Fund Administrator 1.08% of their portfolio LAS CONDES, SANTIAGO, F3 401,171401.2k $43.5m $43.5m 1.08% Unchanged
20 Kathmere Capital Management, LLC 4.95% of their portfolio WAYNE, PA 399,125399.1k $43.2m $43.2m 4.95% Added +9.6k +9,610
21 Stonehearth Capital Management, LLC 16.04% of their portfolio DANVERS, MA 327,147327.1k $35.4m $35.4m 16.04% Added +56.2k +56,166
22 Strategic Financial Services, Inc. 2.20% of their portfolio UTICA, NY 314,159314.2k $34.0m $34.0m 2.20% Reduced -83.6k -83,580
23 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 310,957311.0k $33.7m $33.7m 0.06% Reduced -166.9k -166,893
24 Spider Management Company, LLC 12.38% of their portfolio RICHMOND, VA 310,315310.3k $33.6m $33.6m 12.38% Unchanged
25 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 307,988308.0k $33.4m $33.4m 0.02% Reduced -37.8k -37,775
26 FMR LLC 0.00% of their portfolio BOSTON, MA 301,034301.0k $32.6m $32.6m 0.00% Added +44.8k +44,769
27 Janney Montgomery Scott LLC 0.09% of their portfolio PHILADELPHIA, PA 292,802292.8k $31.7m $31.7m 0.09% Reduced -2.4k -2,376
28 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 262,780262.8k $28.5m $28.5m 0.01% Reduced -24.2k -24,204
29 CFO4Life Group, LLC 5.13% of their portfolio COPPELL, TX 261,200261.2k $28.3m $28.3m 5.13% Added +12.8k +12,751
30 SVB WEALTH LLC 0.58% of their portfolio BOSTON, MA 240,878240.9k $26.1m $26.1m 0.58% Reduced -21.6k -21,594
31 LIFE LINE WEALTH MANAGEMENT LLC 9.20% of their portfolio Beverly Hills, CA 224,330224.3k $24.3m $24.3m 9.20% New
32 CWM, LLC 0.11% of their portfolio OMAHA, NE 206,452206.5k $22.4m $22.4m 0.11% Added +4.3k +4,266
33 INTRUST BANK NA 2.39% of their portfolio WICHITA, KS 206,235206.2k $22.3m $22.3m 2.39% Reduced -155 -155
34 Nan Shan Life Insurance Co., Ltd. 0.45% of their portfolio Taipei City, F5 178,027178.0k $19.3m $19.3m 0.45% New
35 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 166,325166.3k $18.0m $18.0m 0.00% Reduced -7.0k -7,008
36 Haverford Trust Co 0.18% of their portfolio Radnor, PA 154,862154.9k $16.8m $16.8m 0.18% Added +10.1k +10,122
37 Elk River Wealth Management LLC 3.25% of their portfolio DENVER, CO 147,485147.5k $16.0m $16.0m 3.25% Reduced -13.3k -13,255
38 Meridian Wealth Partners, LLC 2.81% of their portfolio EXTON, PA 143,827143.8k $15.6m $15.6m 2.81% Added +4.9k +4,932
39 Trilogy Capital Inc. 0.82% of their portfolio IRVINE, CA 132,310132.3k $14.3m $14.3m 0.82% Reduced -6.6k -6,618
40 Aptus Capital Advisors, LLC 0.30% of their portfolio FAIRHOPE, AL 128,788128.8k $13.9m $13.9m 0.30% Added +128.1k +128,072
41 Qube Research & Technologies Ltd 0.02% of their portfolio LONDON, X0 124,740124.7k $13.5m $13.5m 0.02% Unchanged
42 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 120,655120.7k $13.1m $13.1m 0.02% Reduced -13.9k -13,943
43 JOURNEY STRATEGIC WEALTH LLC 0.57% of their portfolio SUMMIT, NJ 118,580118.6k $12.8m $12.8m 0.57% Added +108.8k +108,826
44 Merriman Wealth Management, LLC 0.52% of their portfolio SEATTLE, WA 108,268108.3k $11.7m $11.7m 0.52% Reduced -2.8k -2,829
45 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 107,578107.6k $11.7m $11.7m 0.02% Added +6.7k +6,693
46 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 106,426106.4k $11.5m $11.5m 0.00% Added +19.4k +19,401
47 Foster Group, Inc. 0.56% of their portfolio WEST DES MOINES, IA 104,725104.7k $11.3m $11.3m 0.56% Added +21.8k +21,756
48 US FINANCIAL ADVISORS, LLC 3.92% of their portfolio BRAINTREE, MA 104,602104.6k $11.3m $11.3m 3.92% Added +3.6k +3,629
49 Gunma Bank,Ltd. 5.53% of their portfolio GUNMA, M0 97,00097.0k $10.5m $10.5m 5.53% Added +75.0k +75,000
50 Cresset Asset Management, LLC 0.05% of their portfolio Chicago, IL 96,61196.6k $10.5m $10.5m 0.05% Added +3.9k +3,915
51 Addison Advisors LLC 3.52% of their portfolio MIDDLEBURY, VT 94,47594.5k $10.2m $10.2m 3.52% Added +19.1k +19,083
52 Mariner, LLC 0.02% of their portfolio Overland Park, KS 94,10294.1k $10.2m $10.2m 0.02% Added +58.0k +58,033
53 Wolf Group Capital Advisors 4.17% of their portfolio FAIRFAX, VA 93,50793.5k $8.8m $8.8m 4.17% Unchanged
54 BUCKINGHAM STRATEGIC WEALTH, LLC 0.10% of their portfolio CLAYTON, MO 91,31991.3k $9.9m $9.9m 0.10% Reduced -662 -662
55 Summit Wealth Group, LLC 6.62% of their portfolio WHITE RIVER JUNCTION, VT 89,74789.7k $9.7m $9.7m 6.62% Added +2.2k +2,206
56 SIGNATUREFD, LLC 0.19% of their portfolio ATLANTA, GA 84,37984.4k $9.1m $9.1m 0.19% Reduced -2.3k -2,264
57 Savant Capital, LLC 0.10% of their portfolio ROCKFORD, IL 80,84380.8k $8.8m $8.8m 0.10% Reduced -4.5k -4,525
58 Steward Partners Investment Advisory, LLC 0.10% of their portfolio STAMFORD, CT 80,75880.8k $8.7m $8.7m 0.10% Added +4.2k +4,178
59 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 79,96880.0k $8.7m $8.7m 0.01% Added +3.0k +2,970
60 ANDERSON HOAGLAND & CO 0.91% of their portfolio ST LOUIS, MO 78,03678.0k $8.1m $8.1m 0.91% Added +3.1k +3,059
61 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 76,64476.6k $8.3m $8.3m 0.02% Added +69.4k +69,377
62 Deane Retirement Strategies, Inc. 4.20% of their portfolio NEW ORLEANS, LA 76,44776.4k $8.3m $8.3m 4.20% New
63 Parallel Advisors, LLC 0.20% of their portfolio SAN FRANCISCO, CA 69,49569.5k $7.5m $7.5m 0.20% Added +1.7k +1,689
64 Beaird Harris Wealth Management, LLC 0.71% of their portfolio DALLAS, TX 66,87066.9k $7.2m $7.2m 0.71% Reduced -4.7k -4,700
65 SYNTAX RESEARCH, INC. 5.42% of their portfolio BOCA RATON, FL 65,56265.6k $7.1m $7.1m 5.42% Reduced -944 -944
66 Relative Value Partners Group, LLC 0.40% of their portfolio NORTHBROOK, IL 64,34364.3k $6.5m $6.5m 0.40% Reduced -2.8k -2,849
67 FIRST FINANCIAL BANK - TRUST DIVISION 0.65% of their portfolio HAMILTON, OH 62,62762.6k $6.8m $6.8m 0.65% Added +59.6k +59,563
68 WADDELL & ASSOCIATES, LLC 0.88% of their portfolio MEMPHIS, TN 59,86359.9k $6.5m $6.5m 0.88% Reduced -11.4k -11,400
69 Well Done, LLC 1.27% of their portfolio HOLLAND, MI 59,76459.8k $6.5m $6.5m 1.27% Reduced -102.7k -102,690
70 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 59,66059.7k $6.5m $6.5m 0.03% Reduced -3.9k -3,878
71 SageView Advisory Group, LLC 0.32% of their portfolio Newport Beach, CA 58,47558.5k $6.4m $6.4m 0.32% Added +41.4k +41,374
72 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.17% of their portfolio BOSTON, MA 57,87757.9k $6.3m $6.3m 0.17% Unchanged
73 BBJS FINANCIAL ADVISORS, LLC 2.15% of their portfolio SEATTLE, WA 55,71055.7k $6.0m $6.0m 2.15% Reduced -8.8k -8,779
74 IFP Advisors, Inc 0.26% of their portfolio TAMPA, FL 54,54854.5k $5.9m $5.9m 0.26% Reduced -1.5k -1,519
75 U.S. Capital Wealth Advisors, LLC 0.22% of their portfolio AUSTIN, TX 52,20952.2k $5.7m $5.7m 0.22% Reduced -17.6k -17,563
76 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 51,28951.3k $5.6m $5.6m 0.01% Reduced -4.2k -4,214
77 OneDigital Investment Advisors LLC 0.08% of their portfolio OVERLAND PARK, KS 49,51749.5k $5.4m $5.4m 0.08% Reduced -24.2k -24,219
78 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 43,90843.9k $4.8m $4.8m 0.04% Added +9.0k +8,979
79 FIRST CITIZENS BANK & TRUST CO 0.09% of their portfolio RALEIGH, NC 41,16941.2k $4.5m $4.5m 0.09% New
80 Interchange Capital Partners, LLC 2.99% of their portfolio PITTSBURGH, PA 40,94840.9k $4.4m $4.4m 2.99% Reduced -10 -10
81 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 40,70040.7k $4.4m $4.4m 0.01% Added +14.3k +14,297
82 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 39,86639.9k $4.3m $4.3m 0.02% New
83 Bank Julius Baer & Co. Ltd, Zurich 0.02% of their portfolio ZURICH, V8 38,92538.9k $4.2m $4.2m 0.02% Unchanged
84 EVERGREEN CAPITAL MANAGEMENT LLC 0.16% of their portfolio Bellevue, WA 38,67638.7k $4.2m $4.2m 0.16% Added +105 +105
85 Focus Financial Network, Inc. 0.19% of their portfolio MINNEAPOLIS, MN 38,44138.4k $3.9m $3.9m 0.19% First filing
86 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 38,03838.0k $4.1m $4.1m 0.02% Reduced -927 -927
87 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 37,79737.8k $4.1m $4.1m 0.05% Reduced -4.0k -3,976
88 Snider Financial Group 1.66% of their portfolio BELLEVUE, WA 36,72536.7k $4.0m $4.0m 1.66% Added +731 +731
89 SARD WEALTH MANAGEMENT GROUP, LLC 3.59% of their portfolio ATLANTA, GA 36,68136.7k $4.0m $4.0m 3.59% Reduced -1.2k -1,182
90 SIMON QUICK ADVISORS, LLC 0.28% of their portfolio MORRISTOWN, NJ 34,52134.5k $3.7m $3.7m 0.28% Reduced -9.6k -9,637
91 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 34,13034.1k $3.7m $3.7m 0.00% Reduced -5.7k -5,650
92 STEPHENS INC /AR/ 0.06% of their portfolio LITTLE ROCK, AR 34,11834.1k $3.7m $3.7m 0.06% Added +2.8k +2,750
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 33,55733.6k $3.6m $3.6m 0.01% Reduced -4.7k -4,707
94 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 28,94128.9k $3.1m $3.1m 0.04% Reduced -492 -492
95 Financial Advocates Investment Management 0.09% of their portfolio OLYMPIA, WA 28,33528.3k $1.6m $1.6m 0.09% Reduced -7.3k -7,336
96 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 27,68527.7k $3.0m $3.0m 0.02% Reduced -30 -30
97 Dorsey & Whitney Trust CO LLC 0.20% of their portfolio SIOUX FALLS, SD 27,17527.2k $2.9m $2.9m 0.20% Reduced -2.5k -2,450
98 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 26,42326.4k $2.9m $2.9m 0.00% Reduced -73.4k -73,380
99 EQ LLC 1.75% of their portfolio BELLEVUE, WA 26,21226.2k $2.8m $2.8m 1.75% Added +1.6k +1,622
100 Focus Partners Advisor Solutions, LLC 0.08% of their portfolio SAINT LOUIS, MO 25,79125.8k $2.8m $2.8m 0.08% Added +818 +818