Vault-13

ISHARES TR MTUM

MSCI USA MMENTM · ETP · CUSIP 46432F396

1,054 institutional holders +66 vs Q3 2025
74,358,64974.4m shares reported held*
$18.3bnreported value*
86 new 483 added 260 reduced 79 sold out net bought ≈ $1.7bn (+7.7m 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 ($23.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $246.57. Options: 5 managers hold calls ($28.4m notional), 10 hold puts ($100.0m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 613Q4 22: 766Q1 23: 705Q2 23: 649Q3 23: 621Q4 23: 641Q1 24: 682Q2 24: 696Q3 24: 703Q4 24: 873Q1 25: 887Q2 25: 962Q3 25: 988Q4 25: 1,0541,054Q3 22Q2 23Q1 24Q4 24Q4 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
Q2 2025962
Q3 2025988
Q4 20251,054

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 300 bought or addedQ1 24: 317 cut or sold outQ2 24: 268 bought or addedQ2 24: 365 cut or sold outQ2 24Q3 24: 255 bought or addedQ3 24: 353 cut or sold outQ4 24: 468 bought or addedQ4 24: 230 cut or sold outQ4 24Q1 25: 434 bought or addedQ1 25: 351 cut or sold outQ2 25: 472 bought or addedQ2 25: 382 cut or sold outQ2 25Q3 25: 505 bought or addedQ3 25: 379 cut or sold outQ4 25: 569 bought or addedQ4 25: 339 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024300317
Q2 2024268365
Q3 2024255353
Q4 2024468230
Q1 2025434351
Q2 2025472382
Q3 2025505379
Q4 2025569339

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ1 25 calls: $203.9mQ1 25 puts: $106.5mQ1 25P/C 0.52Q2 25 calls: $54.8mQ2 25 puts: $269.6mQ2 25P/C 4.92Q3 25 calls: $116.9mQ3 25 puts: $456.4mQ3 25P/C 3.90Q4 25 calls: $28.4mQ4 25 puts: $100.0mQ4 25P/C 3.52
Numbers
QuarterCallsPutsP/C
Q1 2025$203.9m$106.5m0.52
Q2 2025$54.8m$269.6m4.92
Q3 2025$116.9m$456.4m3.90
Q4 2025$28.4m$100.0m3.52

Biggest buyers

Corient Private Wealth LP Added +2,223,800+2.2m
ENVESTNET ASSET MANAGEMENT INC Added +1,689,334+1.7m
FMR LLC Added +694,166+694.2k
LPL Financial LLC Added +652,414+652.4k
BlackRock, Inc. Added +337,148+337.1k
Envestnet Portfolio Solutions, Inc. Added +256,639+256.6k
CWM, LLC Added +230,310+230.3k
MERCER GLOBAL ADVISORS INC /ADV Added +229,850+229.8k
CITIGROUP INC Added +203,562+203.6k
PARK AVENUE SECURITIES LLC Added +187,155+187.2k

Biggest sellers

Focus Partners Wealth Reduced -919,150-919.1k
JPMORGAN CHASE & CO Reduced -590,700-590.7k
MORGAN STANLEY Reduced -405,656-405.7k
GOLDMAN SACHS GROUP INC Reduced -369,297-369.3k
Strategic Investment Advisors / MI Reduced -110,076-110.1k
AdvisorShares Investments LLC Reduced -105,064-105.1k
OSAIC HOLDINGS, INC. Reduced -97,349-97.3k
B&D White Capital Company, LLC Sold out -83,781-83.8k
Jump Financial, LLC Sold out -74,132-74.1k
Sanctuary Advisors, LLC Reduced -70,113-70.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $19.6m78.5k shares
CITADEL ADVISORS LLC Reduced $6.3m25.0k shares
Point72 Asset Management, L.P. New $1.2m4.7k shares
JANE STREET GROUP, LLC Reduced $1.1m4.3k shares
Belvedere Trading LLC Reduced $275.3k1.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $48.3m192.8k shares
CITADEL ADVISORS LLC Reduced $23.6m94.1k shares
MILLENNIUM MANAGEMENT LLC New $12.5m50.0k shares
JANE STREET GROUP, LLC Reduced $6.4m25.4k shares
IMC-Chicago, LLC Added $3.8m15.2k shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Unchanged $1.6m6.5k shares
GROUP ONE TRADING LLC Reduced $1.4m5.4k shares
Point72 Asset Management, L.P. New $1.3m5.0k shares
Walleye Trading LLC Reduced $1.2m4.8k shares
Belvedere Trading LLC New $100.1k400 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.59% of their portfolio Berwyn, PA 7,883,3077.9m $2.0bn $2.0bn 0.59% Added +1.7m +1,689,334
2 MERCER GLOBAL ADVISORS INC /ADV 2.99% of their portfolio DENVER, CO 7,824,8907.8m $2.0bn $2.0bn 2.99% Added +229.8k +229,850
3 FMR LLC 0.06% of their portfolio BOSTON, MA 4,757,2724.8m $1.2bn $1.2bn 0.06% Added +694.2k +694,166
4 LPL Financial LLC 0.23% of their portfolio FORT MILL, SC 3,291,8573.3m $824.0m $824.0m 0.23% Added +652.4k +652,414
5 RAYMOND JAMES FINANCIAL INC 0.25% of their portfolio ST. PETERSBURG, FL 3,215,9743.2m $805.0m $805.0m 0.25% Added +152.7k +152,723
6 Corient Private Wealth LP 0.30% of their portfolio MIAMI, FL 2,940,5362.9m $445.5m $445.5m 0.30% Added +2.2m +2,223,800
7 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 2,854,6202.9m $714.5m $714.5m 0.04% Reduced -405.7k -405,656
8 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,596,4421.6m $399.6m $399.6m 0.01% Added +337.1k +337,148
9 ASSETMARK, INC 0.77% of their portfolio CONCORD, CA 1,502,4091.5m $376.1m $376.1m 0.77% Added +37.3k +37,278
10 AMERIPRISE FINANCIAL INC 0.08% of their portfolio MINNEAPOLIS, MN 1,375,4171.4m $344.1m $344.1m 0.08% Added +53.5k +53,534
11 STATE OF MICHIGAN RETIREMENT SYSTEM 1.57% of their portfolio EAST LANSING, MI 1,287,2901.3m $322.2m $322.2m 1.57% Added +63.8k +63,800
12 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,258,8171.3m $315.1m $315.1m 0.02% Added +19.8k +19,817
13 Blue Trust, Inc. 3.51% of their portfolio BRENTWOOD, TN 1,242,3901.2m $311.0m $311.0m 3.51% Added +108.8k +108,825
14 Cerity Partners LLC 0.42% of their portfolio NEW YORK, NY 1,156,3541.2m $289.4m $289.4m 0.42% Added +4.4k +4,402
15 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,151,0841.2m $288.1m $288.1m 0.02% Reduced -590.7k -590,700
16 CWM, LLC 0.77% of their portfolio OMAHA, NE 1,141,4251.1m $285.7m $285.7m 0.77% Added +230.3k +230,310
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.34% of their portfolio PLYMOUTH, MN 981,507981.5k $253.4m $253.4m 0.34% Reduced -19.8k -19,753
18 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 4.37% of their portfolio Seattle, WA 974,177974.2k $243.8m $243.8m 4.37% Reduced -56.5k -56,543
19 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 844,667844.7k $211.4m $211.4m 0.04% Reduced -21.2k -21,178
20 UBS Group AG 0.04% of their portfolio ZURICH, V8 773,553773.6k $193.6m $193.6m 0.04% Added +15.2k +15,191
21 Envestnet Portfolio Solutions, Inc. 0.63% of their portfolio BERWYN, PA 721,042721.0k $180.5m $180.5m 0.63% Added +256.6k +256,639
22 PARK AVENUE SECURITIES LLC 1.51% of their portfolio NEW YORK, NY 711,023711.0k $178.0m $178.0m 1.51% Added +187.2k +187,155
23 MML INVESTORS SERVICES, LLC 0.42% of their portfolio SPRINGFIELD, MA 694,449694.4k $173.8m $173.8m 0.42% Added +63.6k +63,584
24 Orgel Wealth Management, LLC 3.74% of their portfolio ALTOONA, WI 676,461676.5k $169.3m $169.3m 3.74% Added +12.4k +12,400
25 Cetera Investment Advisers 0.17% of their portfolio SCHAUMBURG, IL 607,290607.3k $152.0m $152.0m 0.17% Added +119.5k +119,528
26 Janney Montgomery Scott LLC 0.33% of their portfolio PHILADELPHIA, PA 572,521572.5k $143.3m $143.3m 0.33% Added +154.7k +154,687
27 PNC Financial Services Group, Inc. 0.07% of their portfolio Pittsburgh, PA 503,559503.6k $126.0m $126.0m 0.07% Reduced -5.1k -5,144
28 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 502,952503.0k $125.9m $125.9m 0.09% Added +203.6k +203,562
29 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 480,829480.8k $120.4m $120.4m 0.02% Added +64.4k +64,390
30 Savant Capital, LLC 0.61% of their portfolio ROCKFORD, IL 427,052427.1k $106.9m $106.9m 0.61% Reduced -30.5k -30,455
31 Symmetry Partners, LLC 6.17% of their portfolio GLASTONBURY, CT 416,566416.6k $104.3m $104.3m 6.17% Added +174.1k +174,074
32 COMMONWEALTH EQUITY SERVICES, LLC 0.14% of their portfolio WALTHAM, MA 406,692406.7k $101.8m $101.8m 0.14% Added +46.3k +46,310
33 OneDigital Investment Advisors LLC 0.99% of their portfolio OVERLAND PARK, KS 402,995403.0k $100.9m $100.9m 0.99% Added +132.1k +132,109
34 Foundations Investment Advisors, LLC 1.31% of their portfolio PHOENIX, AZ 400,402400.4k $100.2m $100.2m 1.31% Added +143.3k +143,329
35 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 384,273384.3k $96.2m $96.2m 0.02% Added +153.6k +153,571
36 NewEdge Advisors, LLC 0.34% of their portfolio NEW ORLEANS, LA 376,094376.1k $94.1m $94.1m 0.34% Added +155.9k +155,943
37 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 369,836369.8k $92.6m $92.6m 0.01% Reduced -369.3k -369,297
38 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 364,221364.2k $91.2m $91.2m 0.06% Added +68.4k +68,443
39 Arizona PSPRS Trust 3.33% of their portfolio PHOENIX, AZ 361,051361.1k $90.4m $90.4m 3.33% Added +974 +974
40 OSAIC HOLDINGS, INC. 0.13% of their portfolio SCOTTSDALE, AZ 341,876341.9k $85.7m $85.7m 0.13% Reduced -97.3k -97,349
41 High Probability Advisors, LLC 10.74% of their portfolio Pittsford, NY 321,764321.8k $80.5m $80.5m 10.74% Added +3.3k +3,326
42 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 315,235315.2k $78.9m $78.9m 0.07% Added +69.0k +69,000
43 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 311,428311.4k $78.0m $78.0m 0.05% Added +55.2k +55,168
44 Foster Group, Inc. 2.33% of their portfolio WEST DES MOINES, IA 308,335308.3k $77.2m $77.2m 2.33% Added +7.1k +7,094
45 Merit Financial Group, LLC 0.61% of their portfolio ALPHARETTA, GA 303,634303.6k $76.0m $76.0m 0.61% Added +143.0k +143,026
46 AdvisorShares Investments LLC 12.49% of their portfolio BETHESDA, MD 299,146299.1k $74.9m $74.9m 12.49% Reduced -105.1k -105,064
47 JB Capital LLC 2.83% of their portfolio WETHERSFIELD, CT 276,924276.9k $69.3m $69.3m 2.83% Added +109.3k +109,347
48 Sanctuary Advisors, LLC 0.32% of their portfolio INDIANAPOLIS, IN 233,841233.8k $58.5m $58.5m 0.32% Reduced -70.1k -70,113
49 CAPTRUST FINANCIAL ADVISORS 0.11% of their portfolio RALEIGH, NC 225,479225.5k $56.4m $56.4m 0.11% Added +101.6k +101,589
50 Strategic Financial Services, Inc. 2.60% of their portfolio UTICA, NY 222,511222.5k $56.4m $56.4m 2.60% Added +3.3k +3,289
51 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.32% of their portfolio IRVING, TX 212,205212.2k $53.1m $53.1m 0.32% Added +82.6k +82,567
52 Armbruster Capital Management, Inc. 8.92% of their portfolio PITTSFORD, NY 212,122212.1k $53.1m $53.1m 8.92% Added +1.0k +1,016
53 Cambridge Investment Research Advisors, Inc. 0.14% of their portfolio FAIRFIELD, IA 206,813206.8k $51.8m $51.8m 0.14% Reduced -4.9k -4,941
54 KEYBANK NATIONAL ASSOCIATION/OH 0.17% of their portfolio BROOKLYN, OH 193,003193.0k $48.3m $48.3m 0.17% Reduced -3.9k -3,937
55 Advocacy Wealth Management, LLC 1.98% of their portfolio ATLANTA, GA 188,869188.9k $47.3m $47.3m 1.98% Added +95.5k +95,544
56 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 177,954178.0k $44.5m $44.5m 0.03% Added +15.8k +15,816
57 Kathmere Capital Management, LLC 2.97% of their portfolio WAYNE, PA 175,897175.9k $44.0m $44.0m 2.97% Added +5.1k +5,057
58 New York Life Investment Management LLC 0.36% of their portfolio New York, NY 166,692166.7k $41.7m $41.7m 0.36% Added +15.4k +15,382
59 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 159,598159.6k $39.9m $39.9m 0.05% Added +35.2k +35,158
60 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 155,060155.1k $38.8m $38.8m 0.07% Added +99.1k +99,148
61 Lido Advisors, LLC 0.15% of their portfolio Los Angeles, CA 153,067153.1k $39.3m $39.3m 0.15% Reduced -554 -554
62 Sanchez Wealth Management Group 8.11% of their portfolio JACKSONVILLE, FL 151,553151.6k $37.9m $37.9m 8.11% Added +34.8k +34,808
63 Mullooly Asset Management, Inc. 12.86% of their portfolio WALL TOWNSHIP, NJ 140,424140.4k $35.1m $35.1m 12.86% Added +2.6k +2,568
64 Kestra Investment Management, LLC 0.86% of their portfolio AUSTIN, TX 139,788139.8k $35.0m $35.0m 0.86% Added +13.7k +13,653
65 Acropolis Investment Management, LLC 1.57% of their portfolio ST. LOUIS, MO 139,337139.3k $34.9m $34.9m 1.57% Added +4.7k +4,678
66 Atria Investments, Inc 0.38% of their portfolio Charlotte, NC 134,753134.8k $33.7m $33.7m 0.38% Added +36.4k +36,422
67 1900 WEALTH MANAGEMENT LLC 2.15% of their portfolio SAN ANTONIO, TX 133,839133.8k $33.5m $33.5m 2.15% Reduced -651 -651
68 Ameritas Advisory Services, LLC 1.25% of their portfolio Lincoln, NE 133,688133.7k $33.5m $33.5m 1.25% Added +115.7k +115,746
69 Apella Capital, LLC 0.66% of their portfolio WEST HARTFORD, CT 132,937132.9k $33.3m $33.3m 0.66% Reduced -19.7k -19,653
70 AE Wealth Management LLC 0.19% of their portfolio TOPEKA, KS 130,140130.1k $32.6m $32.6m 0.19% Added +38.5k +38,545
71 Stonehearth Capital Management, LLC 11.73% of their portfolio DANVERS, MA 126,674126.7k $31.7m $31.7m 11.73% Added +20 +20
72 Integrated Wealth Concepts LLC 0.36% of their portfolio WALTHAM, MA 122,528122.5k $30.7m $30.7m 0.36% Reduced -14.2k -14,197
73 Beacon Pointe Advisors, LLC 0.21% of their portfolio NEWPORT BEACH, CA 120,985121.0k $30.3m $30.3m 0.21% Added +84.5k +84,483
74 M&T Bank Corp 0.09% of their portfolio BUFFALO, NY 115,661115.7k $29.0m $29.0m 0.09% Added +4.9k +4,867
75 Provida Pension Fund Administrator 0.50% of their portfolio LAS CONDES, SANTIAGO, F3 115,122115.1k $28.8m $28.8m 0.50% Added +26.5k +26,470
76 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 105,849105.8k $26.5m $26.5m 0.11% Added +6.0k +6,042
77 OPPENHEIMER & CO INC 0.37% of their portfolio NEW YORK, NY 105,097105.1k $26.3m $26.3m 0.37% Reduced -7.0k -6,976
78 Mariner, LLC 0.03% of their portfolio Overland Park, KS 102,387102.4k $25.6m $25.6m 0.03% Added +2.6k +2,640
79 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 100,538100.5k $25.2m $25.2m 0.03% Added +25.9k +25,906
80 Savvy Advisors, Inc. 0.80% of their portfolio NEW YORK, NY 99,23799.2k $24.8m $24.8m 0.80% Added +5.2k +5,192
81 Sequoia Financial Advisors, LLC 0.14% of their portfolio Akron, OH 98,84298.8k $24.7m $24.7m 0.14% Reduced -9.7k -9,704
82 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 98,82898.8k $24.7m $24.7m 0.04% Reduced -1.5k -1,476
83 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 1.46% of their portfolio Westlake, OH 97,68897.7k $24.5m $24.5m 1.46% Added +43.2k +43,180
84 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 97,01397.0k $24.5m $24.5m 0.04% Added +8.3k +8,322
85 Bell Investment Advisors, Inc 3.65% of their portfolio ORINDA, CA 92,29992.3k $23.1m $23.1m 3.65% Reduced -2.1k -2,134
86 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 91,68191.7k $22.9m $22.9m 0.03% Added +51.2k +51,216
87 Meredith Wealth Planning 6.34% of their portfolio MARYVILLE, IL 85,04885.0k $21.3m $21.3m 6.34% Reduced -386 -386
88 Convergence Financial, LLC 3.06% of their portfolio COLUMBIA, MO 83,83883.8k $21.0m $21.0m 3.06% Added +2.2k +2,178
89 JOURNEY STRATEGIC WEALTH LLC 0.53% of their portfolio SUMMIT, NJ 80,65080.7k $20.2m $20.2m 0.53% Added +19.1k +19,053
90 SteelPeak Wealth, LLC 0.66% of their portfolio WOODLAND HILLS, CA 80,57980.6k $20.2m $20.2m 0.66% Added +33.2k +33,239
91 Private Advisor Group, LLC 0.09% of their portfolio MORRISTOWN, NJ 78,33078.3k $19.6m $19.6m 0.09% Added +4.0k +3,950
92 Icon Wealth Advisors, LLC 1.28% of their portfolio HOUSTON, TX 76,72476.7k $19.2m $19.2m 1.28% Added +27.0k +26,998
93 OPPENHEIMER ASSET MANAGEMENT INC. 0.23% of their portfolio NEW YORK, NY 75,67975.7k $18.9m $18.9m 0.23% Reduced -1.3k -1,345
94 Glenview Trust Co 0.29% of their portfolio Louisville, KY 74,74874.7k $18.7m $18.7m 0.29% Reduced -5.1k -5,061
95 Scarborough Advisors, LLC 3.14% of their portfolio ANNAPOLIS, MD 74,32274.3k $18.6m $18.6m 3.14% Added +25.8k +25,818
96 Straight Path Wealth Management 4.87% of their portfolio Jenison, MI 72,19572.2k $18.1m $18.1m 4.87% Added +2.4k +2,422
97 CPC Advisors, LLC 1.82% of their portfolio Atlanta, GA 72,18472.2k $18.1m $18.1m 1.82% Added +3.3k +3,325
98 Trinity Wealth Management, LLC 6.49% of their portfolio BERWYN, PA 70,34970.3k $17.6m $17.6m 6.49% Reduced -45 -45
99 OXFORD FINANCIAL GROUP, LTD. LLC 0.95% of their portfolio INDIANAPOLIS, IN 69,36669.4k $17.4m $17.4m 0.95% Reduced -1.2k -1,176
100 PRUDENT INVESTORS NETWORK, INC. 3.98% of their portfolio LAKE FOREST, CA 69,31269.3k $17.3m $17.3m 3.98% Reduced -4.5k -4,486