Vault-13

ISHARES TR MTUM

MSCI USA MMENTM · ETP · CUSIP 46432F396

887 institutional holders +14 vs Q4 2024
64,857,88064.9m shares reported held*
$13.1bnreported value*
78 new 356 added 299 reduced 52 sold out net sold ≈ $76.8m (-383.6k 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 ($9.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $202.17. Options: 11 managers hold calls ($203.9m notional), 18 hold puts ($106.5m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 613Q4 22: 766Q1 23: 705Q2 23: 649Q3 23: 621Q4 23: 641Q1 24: 682Q2 24: 696Q3 24: 703Q4 24: 873Q1 25: 887887Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022613
Q4 2022766
Q1 2023705
Q2 2023649
Q3 2023621
Q4 2023641
Q1 2024682
Q2 2024696
Q3 2024703
Q4 2024873
Q1 2025887

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 23: 187 bought or addedQ2 23: 457 cut or sold outQ3 23: 182 bought or addedQ3 23: 383 cut or sold outQ3 23Q4 23: 189 bought or addedQ4 23: 370 cut or sold outQ1 24: 300 bought or addedQ1 24: 317 cut or sold outQ1 24Q2 24: 268 bought or addedQ2 24: 365 cut or sold outQ3 24: 255 bought or addedQ3 24: 353 cut or sold outQ3 24Q4 24: 468 bought or addedQ4 24: 230 cut or sold outQ1 25: 434 bought or addedQ1 25: 351 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023187457
Q3 2023182383
Q4 2023189370
Q1 2024300317
Q2 2024268365
Q3 2024255353
Q4 2024468230
Q1 2025434351

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ2 24 calls: $25.7mQ2 24 puts: $173.8mQ2 24P/C 6.76Q3 24 calls: $53.9mQ3 24 puts: $157.5mQ3 24P/C 2.92Q4 24 calls: $41.9mQ4 24 puts: $780.1mQ4 24P/C 18.61Q1 25 calls: $203.9mQ1 25 puts: $106.5mQ1 25P/C 0.52
Numbers
QuarterCallsPutsP/C
Q2 2024$25.7m$173.8m6.76
Q3 2024$53.9m$157.5m2.92
Q4 2024$41.9m$780.1m18.61
Q1 2025$203.9m$106.5m0.52

Biggest buyers

FMR LLC Added +2,200,049+2.2m
MERCER GLOBAL ADVISORS INC /ADV Added +512,679+512.7k
AMERIPRISE FINANCIAL INC Added +189,281+189.3k
RAYMOND JAMES FINANCIAL INC Added +151,872+151.9k
CITIGROUP INC Added +149,994+150.0k
Foundations Investment Advisors, LLC Added +141,897+141.9k
UBS Group AG Added +84,802+84.8k
Corient Private Wealth LP Added +69,145+69.1k
Merit Financial Group, LLC Added +65,488+65.5k
ASSETMARK, INC Added +61,915+61.9k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -1,062,995-1.1m
GOLDMAN SACHS GROUP INC Reduced -848,602-848.6k
PARK AVENUE SECURITIES LLC Sold out -507,294-507.3k
BANK OF AMERICA CORP /DE/ Reduced -468,221-468.2k
Summit Rock Advisors, LP Sold out -315,070-315.1k
JPMORGAN CHASE & CO Reduced -287,611-287.6k
Trilogy Capital Inc. Reduced -225,233-225.2k
Envestnet Portfolio Solutions, Inc. Reduced -183,391-183.4k
Provida Pension Fund Administrator Reduced -179,778-179.8k
Dynasty Wealth Management, LLC Reduced -176,040-176.0k

Biggest calls

UBS Group AG New $121.3m600.0k shares
Munro Partners New $32.6m161.3k shares
CITADEL ADVISORS LLC Added $18.5m91.3k shares
Squarepoint Ops LLC New $11.8m58.3k shares
Cubist Systematic Strategies, LLC Added $6.5m32.1k shares
JANE STREET GROUP, LLC New $4.9m24.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.7m18.2k shares
WOLVERINE TRADING, LLC Added $2.0m10.0k shares
Parallax Volatility Advisers, L.P. New $1.6m8.0k shares
Hunting Hill Global Capital, LLC New $1.0m5.0k shares

Biggest puts

JANE STREET GROUP, LLC Reduced $21.9m108.1k shares
UBS Group AG New $20.2m100.0k shares
CITADEL ADVISORS LLC Reduced $12.6m62.3k shares
Squarepoint Ops LLC New $11.6m57.2k shares
Point72 Asset Management, L.P. New $10.1m50.0k shares
TORONTO DOMINION BANK New $9.6m47.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.8m33.7k shares
IMC-Chicago, LLC Reduced $2.9m14.5k shares
Belvedere Trading LLC Added $2.7m13.2k shares
Cubist Systematic Strategies, LLC Reduced $2.1m10.3k shares

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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution +1.1 pts · filed 2026-05-06 6.5% +1.1 pts 5.5m≈ $1.9bn 2026-05-06

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.75% of their portfolio Berwyn, PA 11,545,59811.5m $2.3bn $2.3bn 0.75% Reduced -1.1m -1,062,995
2 MERCER GLOBAL ADVISORS INC /ADV 3.44% of their portfolio DENVER, CO 7,423,0297.4m $1.5bn $1.5bn 3.44% Added +512.7k +512,679
3 RAYMOND JAMES FINANCIAL INC 0.22% of their portfolio ST. PETERSBURG, FL 2,929,8742.9m $592.2m $592.2m 0.22% Added +151.9k +151,872
4 FMR LLC 0.04% of their portfolio BOSTON, MA 2,844,6672.8m $575.0m $575.0m 0.04% Added +2.2m +2,200,049
5 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 2,224,7342.2m $449.7m $449.7m 0.03% Added +28.1k +28,103
6 LPL Financial LLC 0.15% of their portfolio FORT MILL, SC 1,960,1102.0m $396.2m $396.2m 0.15% Added +5.5k +5,473
7 ASSETMARK, INC 1.01% of their portfolio CONCORD, CA 1,812,8201.8m $366.4m $366.4m 1.01% Added +61.9k +61,915
8 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,348,1381.3m $272.5m $272.5m 0.01% Added +24.2k +24,247
9 STATE OF MICHIGAN RETIREMENT SYSTEM 1.51% of their portfolio EAST LANSING, MI 1,295,0901.3m $261.8m $261.8m 1.51% Added +4.2k +4,200
10 Blue Trust, Inc. 3.11% of their portfolio BRENTWOOD, TN 1,202,0191.2m $243.0m $243.0m 3.11% Reduced -23.3k -23,289
11 Cerity Partners LLC 0.44% of their portfolio NEW YORK, NY 1,071,1061.1m $216.5m $216.5m 0.44% Reduced -92 -92
12 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 1,062,7021.1m $214.8m $214.8m 0.06% Added +189.3k +189,281
13 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,060,3801.1m $214.3m $214.3m 0.02% Reduced -468.2k -468,221
14 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 5.32% of their portfolio Seattle, WA 1,019,9041.0m $206.2m $206.2m 5.32% Added +23.9k +23,918
15 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.36% of their portfolio PLYMOUTH, MN 925,556925.6k $187.1m $187.1m 0.36% Reduced -17.7k -17,730
16 CWM, LLC 0.74% of their portfolio OMAHA, NE 917,388917.4k $185.4m $185.4m 0.74% Reduced -17.7k -17,744
17 CITIGROUP INC 0.14% of their portfolio NEW YORK, NY 901,342901.3k $182.2m $182.2m 0.14% Added +150.0k +149,994
18 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 840,493840.5k $169.9m $169.9m 0.01% Reduced -287.6k -287,611
19 UBS Group AG 0.03% of their portfolio ZURICH, V8 781,068781.1k $157.9m $157.9m 0.03% Added +84.8k +84,802
20 Corient Private Wealth LP 0.25% of their portfolio MIAMI, FL 752,698752.7k $152.1m $152.1m 0.25% Added +69.1k +69,145
21 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 704,551704.6k $142.4m $142.4m 0.03% Added +34.9k +34,858
22 BNP PARIBAS FINANCIAL MARKETS 0.10% of their portfolio PARIS, I0 642,494642.5k $129.9m $129.9m 0.10% First filing
23 Savant Capital, LLC 0.93% of their portfolio ROCKFORD, IL 545,371545.4k $110.2m $110.2m 0.93% Reduced -92.0k -92,049
24 Envestnet Portfolio Solutions, Inc. 0.39% of their portfolio BERWYN, PA 506,044506.0k $102.3m $102.3m 0.39% Reduced -183.4k -183,391
25 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 502,713502.7k $101.6m $101.6m 0.05% Added +5.5k +5,502
26 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 501,597501.6k $101.4m $101.4m 0.02% Added +25.4k +25,393
27 Janney Montgomery Scott LLC 0.25% of their portfolio PHILADELPHIA, PA 436,580436.6k $88.2m $88.2m 0.25% Added +11.5k +11,483
28 Cetera Investment Advisers 0.17% of their portfolio SCHAUMBURG, IL 425,986426.0k $86.1m $86.1m 0.17% Added +50.4k +50,438
29 MML INVESTORS SERVICES, LLC 0.25% of their portfolio SPRINGFIELD, MA 371,614371.6k $75.1m $75.1m 0.25% Reduced -17.9k -17,914
30 Foundations Investment Advisors, LLC 1.37% of their portfolio PHOENIX, AZ 366,930366.9k $74.2m $74.2m 1.37% Added +141.9k +141,897
31 Arizona PSPRS Trust 2.46% of their portfolio PHOENIX, AZ 358,499358.5k $72.5m $72.5m 2.46% Added +931 +931
32 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 355,082355.1k $71.8m $71.8m 0.10% Added +21.3k +21,283
33 OSAIC HOLDINGS, INC. 0.15% of their portfolio SCOTTSDALE, AZ 323,952324.0k $65.5m $65.5m 0.15% Added +47.6k +47,609
34 Foster Group, Inc. 2.26% of their portfolio WEST DES MOINES, IA 299,088299.1k $60.5m $60.5m 2.26% Added +1.1k +1,081
35 OneDigital Investment Advisors LLC 0.71% of their portfolio OVERLAND PARK, KS 296,646296.6k $60.0m $60.0m 0.71% Reduced -2.8k -2,778
36 High Probability Advisors, LLC 10.00% of their portfolio Pittsford, NY 296,479296.5k $59.9m $59.9m 10.00% Added +9.3k +9,317
37 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 288,246288.2k $58.3m $58.3m 0.01% Reduced -848.6k -848,602
38 AdvisorShares Investments LLC 10.72% of their portfolio BETHESDA, MD 269,052269.1k $54.8m $54.8m 10.72% Reduced -4.3k -4,300
39 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 244,641244.6k $49.4m $49.4m 0.04% Added +7.9k +7,878
40 Strategic Financial Services, Inc. 2.62% of their portfolio UTICA, NY 221,605221.6k $44.8m $44.8m 2.62% Added +400 +400
41 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 215,086215.1k $43.5m $43.5m 0.01% Added +11.7k +11,729
42 NewEdge Advisors, LLC 0.26% of their portfolio NEW ORLEANS, LA 214,996215.0k $43.5m $43.5m 0.26% Added +33.1k +33,056
43 Armbruster Capital Management, Inc. 8.29% of their portfolio PITTSFORD, NY 205,768205.8k $41.6m $41.6m 8.29% Added +4.4k +4,424
44 Symmetry Partners, LLC 5.76% of their portfolio GLASTONBURY, CT 205,090205.1k $41.5m $41.5m 5.76% Added +5.8k +5,840
45 KEYBANK NATIONAL ASSOCIATION/OH 0.17% of their portfolio BROOKLYN, OH 204,484204.5k $41.3m $41.3m 0.17% Reduced -7.1k -7,094
46 Apella Capital, LLC 1.39% of their portfolio WEST HARTFORD, CT 203,095203.1k $40.6m $40.6m 1.39% Reduced -63.9k -63,884
47 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 192,693192.7k $39.0m $39.0m 0.04% Added +2.1k +2,088
48 Ameritas Advisory Services, LLC 1.55% of their portfolio Lincoln, NE 189,799189.8k $38.4m $38.4m 1.55% Reduced -26.2k -26,201
49 Kathmere Capital Management, LLC 3.09% of their portfolio WAYNE, PA 179,935179.9k $36.4m $36.4m 3.09% Reduced -1.6k -1,595
50 JB Capital LLC 1.79% of their portfolio WETHERSFIELD, CT 160,682160.7k $32.5m $32.5m 1.79% Added +1.2k +1,218
51 Sanctuary Advisors, LLC 0.22% of their portfolio INDIANAPOLIS, IN 157,787157.8k $31.9m $31.9m 0.22% Added +2.9k +2,861
52 Stonehearth Capital Management, LLC 11.80% of their portfolio DANVERS, MA 141,112141.1k $28.5m $28.5m 11.80% Reduced -35.6k -35,560
53 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 140,208140.2k $28.3m $28.3m 0.10% Added +8.9k +8,950
54 Sequoia Financial Advisors, LLC 0.22% of their portfolio Akron, OH 139,903139.9k $28.3m $28.3m 0.22% Reduced -26.4k -26,364
55 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 1.52% of their portfolio ROCHESTER, NY 137,289137.3k $27.8m $27.8m 1.52% Reduced -1.1k -1,119
56 1900 WEALTH MANAGEMENT LLC 2.30% of their portfolio SAN ANTONIO, TX 137,128137.1k $27.7m $27.7m 2.30% Added +2.4k +2,404
57 Mullooly Asset Management, Inc. 12.49% of their portfolio WALL TOWNSHIP, NJ 136,122136.1k $27.5m $27.5m 12.49% First filing
58 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.23% of their portfolio IRVING, TX 135,398135.4k $27.4m $27.4m 0.23% Reduced -1.1k -1,094
59 Integrated Wealth Concepts LLC 0.31% of their portfolio WALTHAM, MA 132,283132.3k $26.7m $26.7m 0.31% Added +17.0k +16,961
60 Acropolis Investment Management, LLC 1.52% of their portfolio ST. LOUIS, MO 126,663126.7k $25.6m $25.6m 1.52% Added +1.3k +1,292
61 New York Life Investment Management LLC 0.26% of their portfolio New York, NY 125,956126.0k $25.5m $25.5m 0.26% Added +9.1k +9,117
62 Private Advisor Group, LLC 0.14% of their portfolio MORRISTOWN, NJ 111,867111.9k $22.6m $22.6m 0.14% Added +40.0k +40,025
63 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 109,844109.8k $22.1m $22.1m 0.02% Added +22.3k +22,308
64 Sanchez Wealth Management Group 5.92% of their portfolio JACKSONVILLE, FL 107,752107.8k $21.8m $21.8m 5.92% Added +8.3k +8,304
65 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 107,443107.4k $21.7m $21.7m 0.03% Added +8.4k +8,369
66 OPPENHEIMER & CO INC 0.31% of their portfolio NEW YORK, NY 103,213103.2k $20.9m $20.9m 0.31% Added +5.1k +5,120
67 Invst, LLC 2.84% of their portfolio INDIANAPOLIS, IN 103,022103.0k $20.8m $20.8m 2.84% Reduced -30.4k -30,392
68 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 101,538101.5k $20.5m $20.5m 0.05% Reduced -2.3k -2,284
69 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 99,11699.1k $20.0m $20.0m 0.04% Added +816 +816
70 Merit Financial Group, LLC 0.30% of their portfolio ALPHARETTA, GA 98,14698.1k $19.8m $19.8m 0.30% Added +65.5k +65,488
71 Lido Advisors, LLC 0.12% of their portfolio Los Angeles, CA 98,10498.1k $19.8m $19.8m 0.12% Added +58.1k +58,087
72 Sensible Financial Planning & Management, LLC. 3.87% of their portfolio WALTHAM, MA 95,85395.9k $19.4m $19.4m 3.87% Reduced -2.0k -1,960
73 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 95,30895.3k $19.3m $19.3m 0.01% Reduced -4.0k -3,961
74 Bell Investment Advisors, Inc 3.53% of their portfolio ORINDA, CA 94,59094.6k $19.1m $19.1m 3.53% Reduced -2.3k -2,256
75 AE Wealth Management LLC 0.16% of their portfolio TOPEKA, KS 92,86892.9k $18.8m $18.8m 0.16% Added +4.3k +4,294
76 Atria Investments, Inc 0.23% of their portfolio Charlotte, NC 89,80289.8k $18.2m $18.2m 0.23% Added +1.7k +1,703
77 Atria Wealth Solutions, Inc. 0.21% of their portfolio NEW YORK, NY 88,04588.0k $17.8m $17.8m 0.21% Reduced -6.1k -6,097
78 Trinity Wealth Management, LLC 7.98% of their portfolio BERWYN, PA 86,51786.5k $17.5m $17.5m 7.98% Added +5.8k +5,849
79 Glenview Trust Co 0.33% of their portfolio Louisville, KY 84,23784.2k $17.0m $17.0m 0.33% Reduced -4.5k -4,503
80 Advocacy Wealth Management, LLC 1.15% of their portfolio ATLANTA, GA 83,66483.7k $16.9m $16.9m 1.15% Added +10.5k +10,522
81 Meredith Wealth Planning 7.40% of their portfolio MARYVILLE, IL 83,01483.0k $16.8m $16.8m 7.40% Reduced -2.0k -2,049
82 Kestra Advisory Services, LLC 0.08% of their portfolio AUSTIN, TX 81,34781.3k $16.4m $16.4m 0.08% Reduced -566 -566
83 SAGESPRING WEALTH PARTNERS, LLC 0.40% of their portfolio FRANKLIN, TN 77,90377.9k $15.7m $15.7m 0.40% Reduced -168.8k -168,831
84 M&T Bank Corp 0.06% of their portfolio BUFFALO, NY 77,62377.6k $15.7m $15.7m 0.06% Added +12.0k +12,001
85 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 75,53275.5k $15.3m $15.3m 0.02% Reduced -511 -511
86 Advisory Services Network, LLC 0.29% of their portfolio ATLANTA, GA 75,34975.3k $15.2m $15.2m 0.29% Reduced -293 -293
87 OXFORD FINANCIAL GROUP, LTD. LLC 1.07% of their portfolio INDIANAPOLIS, IN 75,30575.3k $15.2m $15.2m 1.07% Reduced -5.1k -5,078
88 PRUDENT INVESTORS NETWORK, INC. 4.17% of their portfolio LAKE FOREST, CA 72,41672.4k $14.6m $14.6m 4.17% Reduced -9.4k -9,450
89 STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio MADISON, WI 71,74471.7k $14.5m $14.5m 0.04% Reduced -396 -396
90 CPC Advisors, LLC 1.97% of their portfolio Atlanta, GA 70,65370.7k $14.3m $14.3m 1.97% Added +602 +602
91 Journey Advisory Group, LLC 1.17% of their portfolio COVINGTON, KY 70,56070.6k $14.3m $14.3m 1.17% Reduced -13.6k -13,648
92 Mariner, LLC 0.02% of their portfolio Overland Park, KS 70,30870.3k $14.2m $14.2m 0.02% Reduced -24.1k -24,085
93 Kestra Investment Management, LLC 0.24% of their portfolio AUSTIN, TX 68,15268.2k $13.8m $13.8m 0.24% Reduced -21.3k -21,274
94 Convergence Financial, LLC 2.70% of their portfolio COLUMBIA, MO 68,08168.1k $13.8m $13.8m 2.70% Added +2.2k +2,175
95 CFO4Life Group, LLC 2.26% of their portfolio COPPELL, TX 66,34466.3k $13.4m $13.4m 2.26% Reduced -57.3k -57,253
96 Summit Wealth Group, LLC 3.90% of their portfolio WHITE RIVER JUNCTION, VT 66,04866.0k $13.3m $13.3m 3.90% Reduced -531 -531
97 Straight Path Wealth Management 5.23% of their portfolio Jenison, MI 63,97164.0k $12.9m $12.9m 5.23% Added +1.6k +1,647
98 INTRUST BANK NA 1.24% of their portfolio WICHITA, KS 62,07162.1k $12.5m $12.5m 1.24% Added +7.4k +7,420
99 JOURNEY STRATEGIC WEALTH LLC 0.43% of their portfolio SUMMIT, NJ 60,98661.0k $12.3m $12.3m 0.43% Added +50.5k +50,450
100 GeoWealth Management, LLC 0.49% of their portfolio CHICAGO, IL 59,77459.8k $12.1m $12.1m 0.49% Added +11.6k +11,551