Vault-13

ISHARES TR VLUE

MSCI USA VALUE · ETP · CUSIP 46432F388

425 institutional holders +22 vs Q3 2024
51,318,86651.3m shares reported held*
$5.4bnreported value*
36 new 116 added 152 reduced 30 sold out net sold ≈ $116.6m (-1.1m 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 ($7.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $105.61.

Trends to Q4 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: 403Q4 24: 425425Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022468
Q4 2022468
Q1 2023445
Q2 2023432
Q3 2023416
Q4 2023435
Q1 2024421
Q2 2024406
Q3 2024403
Q4 2024425

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q1 23: 150 bought or addedQ1 23: 267 cut or sold outQ2 23: 126 bought or addedQ2 23: 269 cut or sold outQ2 23Q3 23: 118 bought or addedQ3 23: 237 cut or sold outQ4 23: 131 bought or addedQ4 23: 238 cut or sold outQ4 23Q1 24: 150 bought or addedQ1 24: 231 cut or sold outQ2 24: 146 bought or addedQ2 24: 219 cut or sold outQ2 24Q3 24: 132 bought or addedQ3 24: 208 cut or sold outQ4 24: 152 bought or addedQ4 24: 182 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023150267
Q2 2023126269
Q3 2023118237
Q4 2023131238
Q1 2024150231
Q2 2024146219
Q3 2024132208
Q4 2024152182

Calls vs puts

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

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

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +1,194,497+1.2m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +684,898+684.9k
Horizon Investments, LLC New +326,422+326.4k
SVB WEALTH LLC New +92,836+92.8k
Focus Partners Wealth Added +90,685+90.7k
Mason Investment Advisory Services, Inc. Added +78,917+78.9k
Bank of New York Mellon Corp New +72,487+72.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +52,599+52.6k
GTS SECURITIES LLC Added +40,491+40.5k
FMR LLC Added +38,800+38.8k

Biggest sellers

FRANKLIN RESOURCES INC Sold out -1,459,802-1.5m
LIFE LINE WEALTH MANAGEMENT LLC Sold out -688,195-688.2k
JPMORGAN CHASE & CO Reduced -353,722-353.7k
M&T Bank Corp Reduced -293,004-293.0k
MERCER GLOBAL ADVISORS INC /ADV Reduced -262,249-262.2k
Matson Money. Inc. Reduced -241,501-241.5k
Nan Shan Life Insurance Co., Ltd. Reduced -186,163-186.2k
LPL Financial LLC Reduced -144,949-144.9k
Strategic Financial Services, Inc. Reduced -143,863-143.9k
Integrated Wealth Concepts LLC Reduced -123,637-123.6k

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 1.79% of their portfolio MILWAUKEE, WI 20,141,21620.1m $2.1bn $2.1bn 1.79% Added +684.9k +684,898
2 Mason Investment Advisory Services, Inc. 28.41% of their portfolio RESTON, VA 4,588,1014.6m $484.5m $484.5m 28.41% Added +78.9k +78,917
3 Matson Money. Inc. 13.10% of their portfolio MASON, OH 3,457,9713.5m $365.2m $365.2m 13.10% Reduced -241.5k -241,501
4 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,844,4301.8m $194.8m $194.8m 0.02% Added +23.2k +23,171
5 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 1,694,0951.7m $178.9m $178.9m 0.06% Reduced -13.3k -13,256
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,519,5521.5m $160.5m $160.5m 0.00% Reduced -6.8k -6,845
7 MERCER GLOBAL ADVISORS INC /ADV 0.39% of their portfolio DENVER, CO 1,515,9321.5m $160.1m $160.1m 0.39% Reduced -262.2k -262,249
8 Wharton Business Group, LLC 6.18% of their portfolio MALVERN, PA 1,295,6661.3m $136.8m $136.8m 6.18% Added +5.2k +5,245
9 BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio PARIS, I0 1,207,0251.2m $127.5m $127.5m 0.10% Added +1.2m +1,194,497
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 756,364756.4k $79.9m $79.9m 0.01% Added +22.1k +22,105
11 Cerity Partners LLC 0.17% of their portfolio NEW YORK, NY 734,076734.1k $77.5m $77.5m 0.17% Added +5.0k +5,044
12 M&T Bank Corp 0.26% of their portfolio BUFFALO, NY 722,745722.7k $76.3m $76.3m 0.26% Reduced -293.0k -293,004
13 UBS Group AG 0.01% of their portfolio ZURICH, V8 625,647625.6k $66.1m $66.1m 0.01% Reduced -4.4k -4,429
14 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 601,813601.8k $63.6m $63.6m 0.04% Reduced -18.3k -18,313
15 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 530,755530.8k $56.1m $56.1m 0.02% Reduced -144.9k -144,949
16 Kathmere Capital Management, LLC 4.32% of their portfolio WAYNE, PA 455,056455.1k $48.1m $48.1m 4.32% Added +13.8k +13,823
17 STATE OF MICHIGAN RETIREMENT SYSTEM 0.23% of their portfolio EAST LANSING, MI 421,400421.4k $44.5m $44.5m 0.23% Added +23.9k +23,900
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 407,952408.0k $43.1m $43.1m 0.00% Reduced -353.7k -353,722
19 Stonehearth Capital Management, LLC 15.73% of their portfolio DANVERS, MA 371,508371.5k $39.2m $39.2m 15.73% Added +8.4k +8,410
20 FMR LLC 0.00% of their portfolio BOSTON, MA 351,073351.1k $37.1m $37.1m 0.00% Added +38.8k +38,800
21 Horizon Investments, LLC 0.99% of their portfolio Charlotte, NC 326,422326.4k $34.5m $34.5m 0.99% New
22 CFO4Life Group, LLC 4.96% of their portfolio COPPELL, TX 267,485267.5k $28.2m $28.2m 4.96% Added +6.2k +6,177
23 Janney Montgomery Scott LLC 0.08% of their portfolio PHILADELPHIA, PA 264,330264.3k $27.9m $27.9m 0.08% Reduced -159 -159
24 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 258,276258.3k $27.3m $27.3m 0.01% First filing
25 INTRUST BANK NA 2.67% of their portfolio WICHITA, KS 249,255249.3k $26.3m $26.3m 2.67% Added +29.3k +29,325
26 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 231,301231.3k $24.4m $24.4m 0.01% Reduced -5.0k -4,992
27 Nan Shan Life Insurance Co., Ltd. 0.58% of their portfolio Taipei City, F5 228,525228.5k $24.1m $24.1m 0.58% Reduced -186.2k -186,163
28 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 186,515186.5k $19.7m $19.7m 0.03% Reduced -31.5k -31,511
29 Trilogy Capital Inc. 1.01% of their portfolio IRVINE, CA 186,046186.0k $19.6m $19.6m 1.01% Reduced -1.8k -1,802
30 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 176,138176.1k $18.6m $18.6m 0.02% Added +90.7k +90,685
31 Provida Pension Fund Administrator 0.38% of their portfolio LAS CONDES, SANTIAGO, F3 174,536174.5k $18.4m $18.4m 0.38% Reduced -59.0k -59,045
32 CWM, LLC 0.07% of their portfolio OMAHA, NE 168,265168.3k $17.8m $17.8m 0.07% Reduced -9.9k -9,866
33 Meridian Wealth Partners, LLC 2.68% of their portfolio EXTON, PA 167,139167.1k $17.7m $17.7m 2.68% Added +5.2k +5,172
34 Elk River Wealth Management LLC 3.15% of their portfolio DENVER, CO 164,889164.9k $17.4m $17.4m 3.15% Added +7.1k +7,148
35 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 158,817158.8k $16.8m $16.8m 0.00% Reduced -5.0k -4,966
36 Integrated Wealth Concepts LLC 0.18% of their portfolio WALTHAM, MA 147,314147.3k $15.6m $15.6m 0.18% Reduced -123.6k -123,637
37 Foster Group, Inc. 0.53% of their portfolio WEST DES MOINES, IA 132,460132.5k $14.0m $14.0m 0.53% Added +11.3k +11,289
38 Addison Advisors LLC 3.40% of their portfolio MIDDLEBURY, VT 115,666115.7k $12.2m $12.2m 3.40% Added +3.5k +3,489
39 Cresset Asset Management, LLC 0.05% of their portfolio Chicago, IL 102,198102.2k $10.8m $10.8m 0.05% Added +7.7k +7,691
40 Merriman Wealth Management, LLC 0.44% of their portfolio SEATTLE, WA 99,93799.9k $10.6m $10.6m 0.44% Reduced -4.7k -4,701
41 Wolf Group Capital Advisors 4.25% of their portfolio FAIRFAX, VA 93,50793.5k $8.8m $8.8m 4.25% Unchanged
42 SVB WEALTH LLC 0.18% of their portfolio BOSTON, MA 92,83692.8k $9.8m $9.8m 0.18% New
43 Haverford Trust Co 0.09% of their portfolio Radnor, PA 89,36689.4k $9.4m $9.4m 0.09% Reduced -137 -137
44 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 85,90785.9k $9.1m $9.1m 0.01% Added +5.2k +5,154
45 SIGNATUREFD, LLC 0.16% of their portfolio ATLANTA, GA 80,40480.4k $8.5m $8.5m 0.16% Reduced -1.1k -1,117
46 Steward Partners Investment Advisory, LLC 0.07% of their portfolio STAMFORD, CT 79,56179.6k $8.4m $8.4m 0.07% Added +41 +41
47 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 77,21577.2k $8.2m $8.2m 0.02% Reduced -150 -150
48 Spider Management Company, LLC 3.37% of their portfolio RICHMOND, VA 76,98677.0k $8.1m $8.1m 3.37% Unchanged
49 Cerro Pacific Wealth Advisors LLC 2.76% of their portfolio San Luis Obispo, CA 76,36176.4k $8.3m $8.3m 2.76% Reduced -9 -9
50 Savant Capital, LLC 0.06% of their portfolio ROCKFORD, IL 74,70774.7k $7.9m $7.9m 0.06% Reduced -3.8k -3,764
51 SYNTAX RESEARCH, INC. 5.50% of their portfolio BOCA RATON, FL 72,68072.7k $7.7m $7.7m 5.50% Added +504 +504
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 72,48772.5k $7.7m $7.7m 0.00% New
53 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 65,29065.3k $6.9m $6.9m 0.00% Added +21.1k +21,109
54 Gunma Bank,Ltd. 2.27% of their portfolio GUNMA, M0 65,00065.0k $6.9m $6.9m 2.27% Reduced -13.0k -13,000
55 FIRST FINANCIAL BANK - TRUST DIVISION 0.62% of their portfolio HAMILTON, OH 63,32063.3k $6.7m $6.7m 0.62% Added +857 +857
56 GTS SECURITIES LLC 0.31% of their portfolio NEW YORK, NY 59,99360.0k $6.3m $6.3m 0.31% Added +40.5k +40,491
57 Parallel Advisors, LLC 0.14% of their portfolio SAN FRANCISCO, CA 58,71258.7k $6.2m $6.2m 0.14% Reduced -4.0k -3,988
58 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 57,95758.0k $6.1m $6.1m 0.00% Added +2.1k +2,106
59 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.17% of their portfolio BOSTON, MA 57,87757.9k $6.1m $6.1m 0.17% Unchanged
60 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 57,24457.2k $6.0m $6.0m 0.01% Added +52.6k +52,599
61 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 56,19056.2k $5.9m $5.9m 0.02% Added +202 +202
62 Bank Julius Baer & Co. Ltd, Zurich 0.02% of their portfolio ZURICH, V8 55,52755.5k $6.0m $6.0m 0.02% Added +20.6k +20,612
63 NorthCoast Asset Management LLC 0.03% of their portfolio STAMFORD, CT 55,45955.5k $5.9m $5.9m 0.03% Added +135 +135
64 OneDigital Investment Advisors LLC 0.07% of their portfolio OVERLAND PARK, KS 54,62654.6k $5.8m $5.8m 0.07% Reduced -2.1k -2,121
65 IFP Advisors, Inc 0.19% of their portfolio TAMPA, FL 54,36154.4k $5.7m $5.7m 0.19% Reduced -2.8k -2,752
66 Aptus Capital Advisors, LLC 0.07% of their portfolio FAIRHOPE, AL 52,90952.9k $5.6m $5.6m 0.07% Reduced -1.5k -1,463
67 Well Done, LLC 0.98% of their portfolio HOLLAND, MI 49,19649.2k $5.4m $5.4m 0.98% Unchanged
68 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 48,96249.0k $5.2m $5.2m 0.01% Added +4.4k +4,432
69 WADDELL & ASSOCIATES, LLC 0.53% of their portfolio MEMPHIS, TN 48,93348.9k $5.2m $5.2m 0.53% Reduced -4.6k -4,557
70 Mariner, LLC 0.01% of their portfolio Overland Park, KS 47,63447.6k $5.0m $5.0m 0.01% Reduced -4.9k -4,852
71 Summit Wealth Group, LLC 1.45% of their portfolio WHITE RIVER JUNCTION, VT 47,27047.3k $5.0m $5.0m 1.45% Added +1.8k +1,790
72 STEPHENS INC /AR/ 0.06% of their portfolio LITTLE ROCK, AR 43,79343.8k $4.6m $4.6m 0.06% Added +4.8k +4,757
73 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 40,06640.1k $4.2m $4.2m 0.00% Added +36.1k +36,142
74 Focus Financial Network, Inc. 0.16% of their portfolio MINNEAPOLIS, MN 38,78838.8k $4.1m $4.1m 0.16% Reduced -219 -219
75 EVERGREEN CAPITAL MANAGEMENT LLC 0.13% of their portfolio Bellevue, WA 38,61738.6k $4.1m $4.1m 0.13% Added +42 +42
76 Interchange Capital Partners, LLC 1.46% of their portfolio PITTSBURGH, PA 38,14738.1k $4.0m $4.0m 1.46% Reduced -3.4k -3,359
77 EFG Private Wealth Management (Americas) Corp. 0.74% of their portfolio MIAMI, FL 36,17836.2k $3.8m $3.8m 0.74% Added +5.8k +5,787
78 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 35,95836.0k $3.8m $3.8m 0.02% Reduced -4.5k -4,532
79 Family Manage LLC 0.57% of their portfolio NEW YORK, NY 33,12733.1k $3.5m $3.5m 0.57% New
80 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 32,96333.0k $3.5m $3.5m 0.03% Reduced -1.5k -1,456
81 U.S. Capital Wealth Advisors, LLC 0.11% of their portfolio AUSTIN, TX 32,96333.0k $3.5m $3.5m 0.11% Reduced -4.2k -4,187
82 EQ LLC 1.57% of their portfolio BELLEVUE, WA 31,64931.6k $3.3m $3.3m 1.57% Added +1.4k +1,423
83 NOMURA ASSET MANAGEMENT CO LTD 0.01% of their portfolio TOKYO, M0 31,30031.3k $3.3m $3.3m 0.01% Reduced -2.3k -2,300
84 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 31,02431.0k $3.3m $3.3m 0.01% Reduced -1.7k -1,715
85 ANDERSON HOAGLAND & CO 0.34% of their portfolio ST LOUIS, MO 29,74829.7k $3.3m $3.3m 0.34% Reduced -634 -634
86 Dorsey & Whitney Trust CO LLC 0.17% of their portfolio SIOUX FALLS, SD 28,67528.7k $3.0m $3.0m 0.17% Reduced -1.5k -1,500
87 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 28,44528.4k $3.0m $3.0m 0.00% Added +10.4k +10,404
88 Focus Partners Advisor Solutions, LLC 0.05% of their portfolio SAINT LOUIS, MO 26,60026.6k $2.8m $2.8m 0.05% Added +3.5k +3,483
89 EP Wealth Advisors, LLC 0.02% of their portfolio TORRANCE, CA 25,91525.9k $2.7m $2.7m 0.02% Reduced -1.7k -1,657
90 Strategic Financial Services, Inc. 0.16% of their portfolio UTICA, NY 25,28025.3k $2.7m $2.7m 0.16% Reduced -143.9k -143,863
91 Cannon Financial Strategists, Inc. 0.45% of their portfolio ATHENS, GA 25,12025.1k $2.7m $2.7m 0.45% Added +11.8k +11,782
92 PEDDOCK CAPITAL ADVISORS, LLC 0.63% of their portfolio BRAINTREE, MA 25,01025.0k $2.6m $2.6m 0.63% Added +215 +215
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 24,40324.4k $2.6m $2.6m 0.00% Reduced -6.2k -6,159
94 JOURNEY STRATEGIC WEALTH LLC 0.10% of their portfolio SUMMIT, NJ 24,13024.1k $2.5m $2.5m 0.10% Reduced -929 -929
95 FLOW TRADERS U.S. LLC 0.10% of their portfolio NEW YORK, NY 23,95624.0k $2.5m $2.5m 0.10% Added +4.4k +4,435
96 JACKSON THORNTON WEALTH MANAGEMENT, LLC 0.31% of their portfolio MONTGOMERY, AL 23,40723.4k $2.5m $2.5m 0.31% Added +1.0k +1,000
97 BARON SILVER STEVENS FINANCIAL ADVISORS, LLC 0.41% of their portfolio Boca Raton, FL 23,13323.1k $2.4m $2.4m 0.41% Added +15 +15
98 Tower Research Capital LLC (TRC) 0.05% of their portfolio NEW YORK, NY 22,81122.8k $2.4m $2.4m 0.05% New
99 Advisory Services Network, LLC 0.04% of their portfolio ATLANTA, GA 22,67522.7k $2.4m $2.4m 0.04% Reduced -320 -320
100 MAGNOLIA CAPITAL ADVISORS LLC 0.41% of their portfolio RIDGELAND, MS 22,57822.6k $2.4m $2.4m 0.41% Added +14.6k +14,619