Vault-13

ISHARES TR VLUE

MSCI USA VALUE · ETP · CUSIP 46432F388

403 institutional holders -3 vs Q2 2024
52,475,79052.5m shares reported held*
$5.7bnreported value*
27 new 105 added 177 reduced 31 sold out net sold ≈ $158.7m (-1.5m 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 ≈ $109.05.

Trends to Q3 2024

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 468Q4 22: 468Q1 23: 445Q2 23: 432Q3 23: 416Q4 23: 435Q1 24: 421Q2 24: 406Q3 24: 403403Q3 22Q1 23Q3 23Q1 24Q3 24
Numbers
QuarterHolders
Q3 2022468
Q4 2022468
Q1 2023445
Q2 2023432
Q3 2023416
Q4 2023435
Q1 2024421
Q2 2024406
Q3 2024403

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 outQ1 23: 150 bought or addedQ1 23: 267 cut or sold outQ1 23Q2 23: 126 bought or addedQ2 23: 269 cut or sold outQ3 23: 118 bought or addedQ3 23: 237 cut or sold outQ3 23Q4 23: 131 bought or addedQ4 23: 238 cut or sold outQ1 24: 150 bought or addedQ1 24: 231 cut or sold outQ1 24Q2 24: 146 bought or addedQ2 24: 219 cut or sold outQ3 24: 132 bought or addedQ3 24: 208 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022182248
Q1 2023150267
Q2 2023126269
Q3 2023118237
Q4 2023131238
Q1 2024150231
Q2 2024146219
Q3 2024132208

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 23 calls: $362.1kQ4 23 puts: $0Q4 23P/C 0.00Q1 24 calls: $1.0kQ1 24 puts: $0Q1 24P/C 0.00Q2 24 calls: $403.5kQ2 24 puts: $0Q2 24P/C 0.00Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —
Numbers
QuarterCallsPutsP/C
Q4 2023$362.1k$00.00
Q1 2024$1.0k$00.00
Q2 2024$403.5k$00.00
Q3 2024$0$0—

Biggest buyers

LIFE LINE WEALTH MANAGEMENT LLC New +688,195+688.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +598,073+598.1k
Wharton Business Group, LLC Added +174,330+174.3k
Focus Partners Wealth Added +81,305+81.3k
Gunma Bank,Ltd. New +78,000+78.0k
NorthCoast Asset Management LLC New +55,324+55.3k
NOMURA ASSET MANAGEMENT CO LTD New +33,600+33.6k
JACKSON THORNTON WEALTH MANAGEMENT, LLC New +22,407+22.4k
Mason Investment Advisory Services, Inc. Added +19,941+19.9k
Cerity Partners LLC Added +19,749+19.7k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -807,846-807.8k
MERCER GLOBAL ADVISORS INC /ADV Reduced -754,765-754.8k
Spider Management Company, LLC Reduced -233,329-233.3k
JPMORGAN CHASE & CO Reduced -205,208-205.2k
SVB WEALTH LLC Sold out -169,320-169.3k
Provida Pension Fund Administrator Reduced -167,590-167.6k
JOURNEY STRATEGIC WEALTH LLC Reduced -103,370-103.4k
GOLDMAN SACHS GROUP INC Reduced -91,617-91.6k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -79,512-79.5k
MORGAN STANLEY Reduced -72,121-72.1k

Holders, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 1.88% of their portfolio MILWAUKEE, WI 19,456,31819.5m $2.1bn $2.1bn 1.88% Added +598.1k +598,073
2 Mason Investment Advisory Services, Inc. 28.72% of their portfolio RESTON, VA 4,509,1844.5m $491.7m $491.7m 28.72% Added +19.9k +19,941
3 Matson Money. Inc. 13.85% of their portfolio MASON, OH 3,699,4723.7m $403.4m $403.4m 13.85% Unchanged
4 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,821,2591.8m $198.6m $198.6m 0.02% Reduced -44.1k -44,108
5 MERCER GLOBAL ADVISORS INC /ADV 0.45% of their portfolio DENVER, CO 1,778,1811.8m $192.7m $192.7m 0.45% Reduced -754.8k -754,765
6 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 1,707,3511.7m $186.2m $186.2m 0.06% Reduced -807.8k -807,846
7 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,526,3971.5m $166.4m $166.4m 0.00% First filing
8 FRANKLIN RESOURCES INC 0.05% of their portfolio San Mateo, CA 1,459,8021.5m $162.0m $162.0m 0.05% Reduced -52.1k -52,098
9 Wharton Business Group, LLC 6.32% of their portfolio MALVERN, PA 1,290,4211.3m $140.7m $140.7m 6.32% Added +174.3k +174,330
10 M&T Bank Corp 0.36% of their portfolio BUFFALO, NY 1,015,7491.0m $110.8m $110.8m 0.36% Reduced -9.6k -9,576
11 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 761,674761.7k $83.1m $83.1m 0.00% Reduced -205.2k -205,208
12 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 734,259734.3k $80.1m $80.1m 0.01% Reduced -72.1k -72,121
13 Cerity Partners LLC 0.18% of their portfolio NEW YORK, NY 729,032729.0k $79.5m $79.5m 0.18% Added +19.7k +19,749
14 LIFE LINE WEALTH MANAGEMENT LLC 26.83% of their portfolio Beverly Hills, CA 688,195688.2k $75.0m $75.0m 26.83% New
15 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 675,704675.7k $73.7m $73.7m 0.03% Reduced -24.2k -24,197
16 UBS Group AG 0.02% of their portfolio ZURICH, V8 630,076630.1k $68.7m $68.7m 0.02% Reduced -11.6k -11,594
17 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 620,126620.1k $67.6m $67.6m 0.04% Reduced -38.5k -38,459
18 Kathmere Capital Management, LLC 4.52% of their portfolio WAYNE, PA 441,233441.2k $48.1m $48.1m 4.52% Added +15.6k +15,558
19 Nan Shan Life Insurance Co., Ltd. 1.07% of their portfolio Taipei City, F5 414,688414.7k $45.2m $45.2m 1.07% Added +1.1k +1,060
20 STATE OF MICHIGAN RETIREMENT SYSTEM 0.21% of their portfolio EAST LANSING, MI 397,500397.5k $43.3m $43.3m 0.21% Reduced -700 -700
21 Stonehearth Capital Management, LLC 15.74% of their portfolio DANVERS, MA 363,098363.1k $39.6m $39.6m 15.74% Added +14.2k +14,196
22 FMR LLC 0.00% of their portfolio BOSTON, MA 312,273312.3k $34.1m $34.1m 0.00% Reduced -6.9k -6,890
23 Integrated Wealth Concepts LLC 0.36% of their portfolio WALTHAM, MA 270,951271.0k $29.5m $29.5m 0.36% Added +13.9k +13,946
24 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 264,489264.5k $28.8m $28.8m 0.08% Reduced -12.2k -12,221
25 CFO4Life Group, LLC 5.04% of their portfolio COPPELL, TX 261,308261.3k $28.5m $28.5m 5.04% Reduced -960 -960
26 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 236,293236.3k $25.8m $25.8m 0.01% Reduced -9.0k -8,965
27 Provida Pension Fund Administrator 0.56% of their portfolio LAS CONDES, SANTIAGO, F3 233,581233.6k $25.5m $25.5m 0.56% Reduced -167.6k -167,590
28 INTRUST BANK NA 2.40% of their portfolio WICHITA, KS 219,930219.9k $24.0m $24.0m 2.40% Added +8.7k +8,651
29 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 218,026218.0k $23.8m $23.8m 0.04% Reduced -79.5k -79,512
30 Trilogy Capital Inc. 1.03% of their portfolio IRVINE, CA 187,848187.8k $20.5m $20.5m 1.03% Added +3.9k +3,863
31 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 185,291185.3k $20.2m $20.2m 0.01% Reduced -70.2k -70,226
32 CWM, LLC 0.08% of their portfolio OMAHA, NE 178,131178.1k $19.4m $19.4m 0.08% Reduced -7.9k -7,920
33 Strategic Financial Services, Inc. 1.09% of their portfolio UTICA, NY 169,143169.1k $18.4m $18.4m 1.09% Reduced -4.5k -4,496
34 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 163,783163.8k $17.9m $17.9m 0.00% Reduced -12.0k -11,985
35 Meridian Wealth Partners, LLC 2.75% of their portfolio EXTON, PA 161,967162.0k $17.7m $17.7m 2.75% Added +9.9k +9,899
36 Elk River Wealth Management LLC 3.13% of their portfolio DENVER, CO 157,741157.7k $17.2m $17.2m 3.13% Added +5.2k +5,200
37 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 130,115130.1k $14.2m $14.2m 0.02% Added +15.5k +15,452
38 Foster Group, Inc. 0.49% of their portfolio WEST DES MOINES, IA 121,171121.2k $13.2m $13.2m 0.49% Added +7.1k +7,098
39 Addison Advisors LLC 3.40% of their portfolio MIDDLEBURY, VT 112,177112.2k $12.2m $12.2m 3.40% Added +8.0k +7,986
40 Merriman Wealth Management, LLC 0.46% of their portfolio SEATTLE, WA 104,638104.6k $11.4m $11.4m 0.46% Reduced -2.1k -2,088
41 Cresset Asset Management, LLC 0.04% of their portfolio Chicago, IL 94,50794.5k $10.3m $10.3m 0.04% Reduced -77 -77
42 Wolf Group Capital Advisors 4.17% of their portfolio FAIRFAX, VA 93,50793.5k $8.8m $8.8m 4.17% Added +3.8k +3,798
43 Haverford Trust Co 0.10% of their portfolio Radnor, PA 89,50389.5k $9.8m $9.8m 0.10% Reduced -501 -501
44 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 85,45385.5k $9.3m $9.3m 0.03% Added +81.3k +81,305
45 SIGNATUREFD, LLC 0.17% of their portfolio ATLANTA, GA 81,52181.5k $8.9m $8.9m 0.17% Reduced -1.7k -1,671
46 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 80,75380.8k $8.8m $8.8m 0.01% Reduced -1.2k -1,217
47 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 79,52079.5k $8.7m $8.7m 0.08% Reduced -2.3k -2,255
48 Savant Capital, LLC 0.07% of their portfolio ROCKFORD, IL 78,47178.5k $8.6m $8.6m 0.07% Reduced -3.1k -3,102
49 Gunma Bank,Ltd. 3.50% of their portfolio GUNMA, M0 78,00078.0k $8.5m $8.5m 3.50% New
50 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 77,36577.4k $8.4m $8.4m 0.02% Reduced -1.7k -1,658
51 Spider Management Company, LLC 4.10% of their portfolio RICHMOND, VA 76,98677.0k $8.4m $8.4m 4.10% Reduced -233.3k -233,329
52 Cerro Pacific Wealth Advisors LLC 2.99% of their portfolio San Luis Obispo, CA 76,37076.4k $7.9m $7.9m 2.99% Added +829 +829
53 SYNTAX RESEARCH, INC. 5.32% of their portfolio BOCA RATON, FL 72,17672.2k $7.9m $7.9m 5.32% Added +650 +650
54 Parallel Advisors, LLC 0.16% of their portfolio SAN FRANCISCO, CA 62,70062.7k $6.8m $6.8m 0.16% Reduced -4.6k -4,591
55 FIRST FINANCIAL BANK - TRUST DIVISION 0.62% of their portfolio HAMILTON, OH 62,46362.5k $6.8m $6.8m 0.62% Reduced -144 -144
56 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.10% of their portfolio BOSTON, MA 57,87757.9k $6.3m $6.3m 0.10% Unchanged
57 IFP Advisors, Inc 0.22% of their portfolio TAMPA, FL 57,11357.1k $6.2m $6.2m 0.22% Added +2.1k +2,069
58 OneDigital Investment Advisors LLC 0.07% of their portfolio OVERLAND PARK, KS 56,74756.7k $6.2m $6.2m 0.07% Reduced -2.1k -2,138
59 BBJS FINANCIAL ADVISORS, LLC 2.18% of their portfolio SEATTLE, WA 56,09556.1k $6.1m $6.1m 2.18% Added +418 +418
60 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 55,98856.0k $6.1m $6.1m 0.02% Reduced -1.9k -1,902
61 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 55,85155.9k $6.1m $6.1m 0.00% Reduced -26.6k -26,600
62 NorthCoast Asset Management LLC 0.04% of their portfolio STAMFORD, CT 55,32455.3k $5.9m $5.9m 0.04% New
63 Aptus Capital Advisors, LLC 0.09% of their portfolio FAIRHOPE, AL 54,37254.4k $5.9m $5.9m 0.09% Reduced -21.8k -21,798
64 WADDELL & ASSOCIATES, LLC 0.71% of their portfolio MEMPHIS, TN 53,49053.5k $5.8m $5.8m 0.71% Reduced -4.5k -4,497
65 Mariner, LLC 0.01% of their portfolio Overland Park, KS 52,48652.5k $5.7m $5.7m 0.01% Added +1.8k +1,833
66 Well Done, LLC 0.98% of their portfolio HOLLAND, MI 49,19649.2k $5.4m $5.4m 0.98% Reduced -3.9k -3,879
67 Summit Wealth Group, LLC 1.43% of their portfolio WHITE RIVER JUNCTION, VT 45,48045.5k $5.0m $5.0m 1.43% Reduced -43.7k -43,661
68 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 44,53044.5k $4.9m $4.9m 0.01% Reduced -2.4k -2,354
69 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 44,18144.2k $4.8m $4.8m 0.00% Reduced -91.6k -91,617
70 Interchange Capital Partners, LLC 1.61% of their portfolio PITTSBURGH, PA 41,50641.5k $4.5m $4.5m 1.61% Added +320 +320
71 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 40,49040.5k $4.4m $4.4m 0.03% Added +5.9k +5,923
72 STEPHENS INC /AR/ 0.06% of their portfolio LITTLE ROCK, AR 39,03639.0k $4.3m $4.3m 0.06% Added +5.0k +5,037
73 Focus Financial Network, Inc. 0.17% of their portfolio MINNEAPOLIS, MN 39,00739.0k $4.3m $4.3m 0.17% Added +357 +357
74 EVERGREEN CAPITAL MANAGEMENT LLC 0.14% of their portfolio Bellevue, WA 38,57538.6k $4.2m $4.2m 0.14% Added +2 +2
75 U.S. Capital Wealth Advisors, LLC 0.14% of their portfolio AUSTIN, TX 37,15037.1k $4.1m $4.1m 0.14% Reduced -6.1k -6,139
76 Bank Julius Baer & Co. Ltd, Zurich 0.02% of their portfolio ZURICH, V8 34,91534.9k $4.5m $4.5m 0.02% Reduced -62 -62
77 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 34,41934.4k $3.8m $3.8m 0.04% Reduced -202 -202
78 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 33,60033.6k $3.7m $3.7m 0.01% New
79 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 32,73932.7k $3.6m $3.6m 0.01% Reduced -6.0k -5,963
80 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 30,56230.6k $3.3m $3.3m 0.01% Reduced -1.5k -1,461
81 EFG Private Wealth Management (Americas) Corp. 0.65% of their portfolio MIAMI, FL 30,39130.4k $3.3m $3.3m 0.65% Reduced -3.3k -3,261
82 ANDERSON HOAGLAND & CO 0.34% of their portfolio ST LOUIS, MO 30,38230.4k $3.3m $3.3m 0.34% Reduced -46.8k -46,847
83 EQ LLC 1.65% of their portfolio BELLEVUE, WA 30,22630.2k $3.3m $3.3m 1.65% Added +2.8k +2,780
84 Dorsey & Whitney Trust CO LLC 0.17% of their portfolio SIOUX FALLS, SD 30,17530.2k $3.3m $3.3m 0.17% Added +3.0k +3,000
85 EP Wealth Advisors, LLC 0.03% of their portfolio TORRANCE, CA 27,57227.6k $3.0m $3.0m 0.03% Added +122 +122
86 JOURNEY STRATEGIC WEALTH LLC 0.10% of their portfolio SUMMIT, NJ 25,05925.1k $2.7m $2.7m 0.10% Reduced -103.4k -103,370
87 PEDDOCK CAPITAL ADVISORS, LLC 0.65% of their portfolio BRAINTREE, MA 24,79524.8k $2.7m $2.7m 0.65% Added +4.6k +4,564
88 SIMON QUICK ADVISORS, LLC 0.16% of their portfolio MORRISTOWN, NJ 23,34323.3k $2.5m $2.5m 0.16% Reduced -8.7k -8,729
89 BARON SILVER STEVENS FINANCIAL ADVISORS, LLC 0.44% of their portfolio Boca Raton, FL 23,11823.1k $2.5m $2.5m 0.44% Added +529 +529
90 Focus Partners Advisor Solutions, LLC 0.05% of their portfolio SAINT LOUIS, MO 23,11723.1k $2.5m $2.5m 0.05% Reduced -2.5k -2,519
91 Advisory Services Network, LLC 0.05% of their portfolio ATLANTA, GA 22,99523.0k $2.4m $2.4m 0.05% Unchanged
92 JACKSON THORNTON WEALTH MANAGEMENT, LLC 0.32% of their portfolio MONTGOMERY, AL 22,40722.4k $2.4m $2.4m 0.32% New
93 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 21,84421.8k $2.4m $2.4m 0.00% Added +2.6k +2,578
94 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 21,13421.1k $2.3m $2.3m 0.01% Reduced -467 -467
95 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 20,11020.1k $2.2m $2.2m 0.00% Added +1.2k +1,236
96 FLOW TRADERS U.S. LLC 0.11% of their portfolio NEW YORK, NY 19,52119.5k $2.1m $2.1m 0.11% Added +3.3k +3,295
97 GTS SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 19,50219.5k $2.1m $2.1m 0.04% Added +10.4k +10,363
98 Financial & Tax Architects, LLC 0.54% of their portfolio ST LOUIS, MO 19,18619.2k $2.1m $2.1m 0.54% Reduced -4.1k -4,137
99 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 18,58518.6k $2.0m $2.0m 0.00% Reduced -375 -375
100 RAYMOND JAMES TRUST N.A. 0.04% of their portfolio ST. PETERSBURG, FL 18,48718.5k $2.0m $2.0m 0.04% Added +913 +913