Vault-13

ISHARES TR IEFA

CORE MSCI EAFE · ETP · CUSIP 46432F842

1,585 institutional holders +30 vs Q1 2023
1,255,843,5401.3bn shares reported held*
$83.2bnreported value*
84 new 731 added 575 reduced 67 sold out net bought ≈ $2.3bn (+55.7m 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 ($108.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $66.28. Options: 4 managers hold calls ($9.9m notional), 6 hold puts ($26.4m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,416Q4 22: 1,527Q1 23: 1,555Q2 23: 1,5851,585Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,416
Q4 20221,527
Q1 20231,555
Q2 20231,585

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 722 bought or addedQ4 22: 685 cut or sold outQ4 22Q1 23: 754 bought or addedQ1 23: 655 cut or sold outQ1 23Q2 23: 815 bought or addedQ2 23: 642 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022722685
Q1 2023754655
Q2 2023815642

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 22 calls: $9.3mQ3 22 puts: $3.3mQ3 22P/C 0.36Q4 22 calls: $13.2mQ4 22 puts: $3.3mQ4 22P/C 0.25Q1 23 calls: $11.4mQ1 23 puts: $24.4mQ1 23P/C 2.13Q2 23 calls: $9.9mQ2 23 puts: $26.4mQ2 23P/C 2.67
Numbers
QuarterCallsPutsP/C
Q3 2022$9.3m$3.3m0.36
Q4 2022$13.2m$3.3m0.25
Q1 2023$11.4m$24.4m2.13
Q2 2023$9.9m$26.4m2.67

Biggest buyers

Bishop & Co Investment Management, LLC Added +21,602,147+21.6m
WELLS FARGO & COMPANY/MN Added +20,165,188+20.2m
Members Trust Co Added +4,773,041+4.8m
MORGAN STANLEY Added +3,065,728+3.1m
HighTower Advisors, LLC Added +2,341,621+2.3m
ENVESTNET ASSET MANAGEMENT INC Added +2,192,275+2.2m
GOLDMAN SACHS GROUP INC Added +2,122,406+2.1m
Balentine LLC Added +2,052,361+2.1m
NEPC LLC Added +1,969,554+2.0m
Nuveen Asset Management, LLC Added +1,888,868+1.9m

Biggest sellers

FMR LLC Reduced -13,675,391-13.7m
BANK OF MONTREAL /CAN/ Reduced -4,785,922-4.8m
JANE STREET GROUP, LLC Reduced -2,096,216-2.1m
TIAA, FSB Reduced -1,932,007-1.9m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,597,780-1.6m
BlackRock Inc. Reduced -1,594,466-1.6m
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Reduced -1,468,300-1.5m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -1,019,465-1.0m
WELLINGTON MANAGEMENT GROUP LLP Reduced -912,181-912.2k
Chan Zuckerberg Initiative, LLC Sold out -646,319-646.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $7.9m116.4k shares
CITADEL ADVISORS LLC Reduced $1.2m17.7k shares
WOLVERINE TRADING, LLC New $834.1k12.5k shares
Cutler Group LLC / CA Reduced $1.0k2.2k shares

Biggest puts

Bull Oak Capital, LLC Added $20.8m307.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.8m55.8k shares
CITADEL ADVISORS LLC Added $1.5m21.7k shares
WOLVERINE TRADING, LLC New $353.7k5.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $0100 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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 1.28% of their portfolio CHARLOTTE, NC 160,143,016160.1m $10.8bn $10.8bn 1.28% Added +1.4m +1,413,470
2 MORGAN STANLEY 0.58% of their portfolio NEW YORK, NY 86,781,05686.8m $5.9bn $5.9bn 0.58% Added +3.1m +3,065,728
3 JONES FINANCIAL COMPANIES LLLP 7.78% of their portfolio DES PERES, MO 72,336,25272.3m $4.9bn $4.9bn 7.78% Added +472.4k +472,382
4 TIAA, FSB 14.40% of their portfolio ST. LOUIS, MO 58,979,85159.0m $4.0bn $4.0bn 14.40% Reduced -1.9m -1,932,007
5 ENVESTNET ASSET MANAGEMENT INC 1.38% of their portfolio Berwyn, PA 45,989,01346.0m $3.1bn $3.1bn 1.38% Added +2.2m +2,192,275
6 WELLS FARGO & COMPANY/MN 0.82% of their portfolio SAN FRANCISCO, CA 41,583,01641.6m $2.8bn $2.8bn 0.82% Added +20.2m +20,165,188
7 BlackRock Inc. 0.07% of their portfolio New York, NY 39,598,50239.6m $2.7bn $2.7bn 0.07% Reduced -1.6m -1,594,466
8 LPL Financial LLC 1.55% of their portfolio FORT MILL, SC 32,003,63232.0m $2.2bn $2.2bn 1.55% Added +697.3k +697,334
9 RAYMOND JAMES & ASSOCIATES 1.57% of their portfolio ST PETERSBURG, FL 28,283,62928.3m $1.9bn $1.9bn 1.57% Added +396.6k +396,594
10 US BANCORP \DE\ 3.09% of their portfolio MINNEAPOLIS, MN 28,119,89628.1m $1.9bn $1.9bn 3.09% Added +1.5m +1,523,113
11 UBS Group AG 0.74% of their portfolio ZURICH, V8 25,110,71825.1m $1.7bn $1.7bn 0.74% Added +880.5k +880,467
12 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.18% of their portfolio MILWAUKEE, WI 24,985,17825.0m $1.7bn $1.7bn 2.18% Added +296.0k +296,029
13 GOLDMAN SACHS GROUP INC 0.43% of their portfolio NEW YORK, NY 24,958,68025.0m $1.7bn $1.7bn 0.43% Added +2.1m +2,122,406
14 Bishop & Co Investment Management, LLC 14.58% of their portfolio Erie, PA 21,930,07721.9m $324.9k $324.9k 14.58% Added +21.6m +21,602,147
15 Bank of New York Mellon Corp 0.25% of their portfolio NEW YORK, NY 17,889,66817.9m $1.2bn $1.2bn 0.25% Added +976.3k +976,296
16 M&T Bank Corp 3.83% of their portfolio BUFFALO, NY 15,191,27615.2m $1.0bn $1.0bn 3.83% Reduced -171.0k -170,973
17 PNC Financial Services Group, Inc. 0.87% of their portfolio Pittsburgh, PA 15,172,93615.2m $1.0bn $1.0bn 0.87% Reduced -188.4k -188,420
18 FMR LLC 0.08% of their portfolio BOSTON, MA 14,907,91914.9m $1.0bn $1.0bn 0.08% Reduced -13.7m -13,675,391
19 Betterment LLC 2.54% of their portfolio NEW YORK, NY 12,147,00912.1m $819.9m $819.9m 2.54% Reduced -278.4k -278,364
20 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 10,763,75210.8m $726.6m $726.6m 0.08% Reduced -236.8k -236,820
21 UNITED CAPITAL FINANCIAL ADVISORS, LLC 3.68% of their portfolio IRVING, TX 9,989,11010.0m $674.3m $674.3m 3.68% Added +49.8k +49,809
22 State of New Jersey Common Pension Fund D 2.17% of their portfolio TRENTON, NJ 9,500,4719.5m $641.3m $641.3m 2.17% Unchanged
23 AMERIPRISE FINANCIAL INC 0.20% of their portfolio MINNEAPOLIS, MN 9,243,9299.2m $624.0m $624.0m 0.20% Added +1.5m +1,514,907
24 Members Trust Co 8.65% of their portfolio TAMPA, FL 8,934,5178.9m $574.9m $574.9m 8.65% Added +4.8m +4,773,041
25 STIFEL FINANCIAL CORP 0.82% of their portfolio ST. LOUIS, MO 8,900,5798.9m $600.8m $600.8m 0.82% Added +77.3k +77,308
26 TRUIST FINANCIAL CORP 0.91% of their portfolio CHARLOTTE, NC 8,122,7088.1m $548.3m $548.3m 0.91% Added +450.9k +450,873
27 Mariner, LLC 1.43% of their portfolio Overland Park, KS 7,909,7997.9m $533.8m $533.8m 1.43% Added +1.4m +1,428,407
28 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 7,107,0037.1m $479.7m $479.7m 0.13% Added +332.3k +332,314
29 ASSETMARK, INC 1.83% of their portfolio CONCORD, CA 6,901,1506.9m $465.8m $465.8m 1.83% Added +98.4k +98,406
30 ALLIANCEBERNSTEIN L.P. 0.19% of their portfolio NASHVILLE, TN 6,885,9596.9m $464.8m $464.8m 0.19% Reduced -13.7k -13,667
31 Raymond James Financial Services Advisors, Inc. 0.82% of their portfolio ST. PETERSBURG, FL 6,885,6156.9m $464.8m $464.8m 0.82% Added +397.2k +397,190
32 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 11.98% of their portfolio MILWAUKEE, WI 6,797,7386.8m $458.8m $458.8m 11.98% Reduced -1.5m -1,468,300
33 HighTower Advisors, LLC 0.84% of their portfolio CHICAGO, IL 6,287,3626.3m $424.4m $424.4m 0.84% Added +2.3m +2,341,621
34 Cerity Partners LLC 1.59% of their portfolio NEW YORK, NY 6,035,7726.0m $407.4m $407.4m 1.59% Added +195.8k +195,816
35 Alaska Permanent Fund Corp 6.75% of their portfolio JUNEAU, AK 5,083,9945.1m $343.2m $343.2m 6.75% First filing
36 FRANKLIN RESOURCES INC 0.16% of their portfolio San Mateo, CA 5,081,9845.1m $343.0m $343.0m 0.16% Added +4.0k +3,996
37 KEYBANK NATIONAL ASSOCIATION/OH 1.54% of their portfolio BROOKLYN, OH 5,041,8165.0m $340.3m $340.3m 1.54% Reduced -126.1k -126,117
38 CORNERSTONE PARTNERS CAPITAL MANAGEMENT, LLC 23.67% of their portfolio CHARLOTTESVILLE, VA 5,019,6375.0m $338.8m $338.8m 23.67% Added +55.2k +55,155
39 Ballentine Partners, LLC 7.70% of their portfolio Waltham, MA 4,968,2635.0m $335.4m $335.4m 7.70% Added +193.8k +193,752
40 FIRST CITIZENS BANK & TRUST CO 6.11% of their portfolio RALEIGH, NC 4,922,6434.9m $332.3m $332.3m 6.11% Added +717.6k +717,601
41 BANK OF MONTREAL /CAN/ 0.12% of their portfolio TORONTO, A6 4,918,8814.9m $337.4m $337.4m 0.12% Reduced -4.8m -4,785,922
42 SEI INVESTMENTS CO 0.57% of their portfolio OAKS, PA 4,860,1464.9m $328.1m $328.1m 0.57% Reduced -213.7k -213,660
43 Baird Financial Group, Inc. 0.83% of their portfolio MILWAUKEE, WI 4,633,4404.6m $312.8m $312.8m 0.83% Reduced -64.1k -64,089
44 Alesco Advisors, LLC, An ESL Co 10.70% of their portfolio Pittsford, NY 4,412,8794.4m $297.9m $297.9m 10.70% Reduced -74.3k -74,311
45 OSAIC HOLDINGS, INC. 0.53% of their portfolio SCOTTSDALE, AZ 4,402,1134.4m $297.1m $297.1m 0.53% Reduced -86.7k -86,748
46 CWM, LLC 1.73% of their portfolio OMAHA, NE 4,142,4314.1m $279.6m $279.6m 1.73% Added +88.4k +88,396
47 Cresset Asset Management, LLC 1.97% of their portfolio Chicago, IL 4,120,9114.1m $278.2m $278.2m 1.97% Added +679.4k +679,363
48 SIGNATUREFD, LLC 7.06% of their portfolio ATLANTA, GA 4,095,1174.1m $276.4m $276.4m 7.06% Added +150.2k +150,176
49 GRIMES & Co WEALTH MANAGEMENT, LLC 9.11% of their portfolio WESTBOROUGH, MA 3,806,8703.8m $257.0m $257.0m 9.11% Added +52.3k +52,318
50 Nuveen Asset Management, LLC 0.09% of their portfolio CHICAGO, IL 3,796,5613.8m $256.3m $256.3m 0.09% Added +1.9m +1,888,868
51 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 2.61% of their portfolio OMAHA, NE 3,641,0613.6m $245.8m $245.8m 2.61% Reduced -143.9k -143,939
52 FIFTH THIRD BANCORP 1.07% of their portfolio CINCINNATI, OH 3,602,8023.6m $243.2m $243.2m 1.07% Reduced -14.9k -14,898
53 Hirtle & Co., LLC 11.42% of their portfolio WEST CONSHOHOCKEN, PA 3,546,0773.5m $239.4m $239.4m 11.42% Added +321.7k +321,726
54 AVANTAX ADVISORY SERVICES, INC. 2.70% of their portfolio DALLAS, TX 3,492,5273.5m $235.7m $235.7m 2.70% Added +63.0k +62,967
55 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 3,475,1643.5m $234.6m $234.6m 0.04% Reduced -912.2k -912,181
56 NATIONAL BANK OF CANADA /FI/ 0.43% of their portfolio MONTREAL, A8 3,168,4003.2m $213.9m $213.9m 0.43% Added +4.8k +4,812
57 RiverFront Investment Group, LLC 6.67% of their portfolio RICHMOND, VA 3,033,4943.0m $204.8m $204.8m 6.67% Added +184.0k +184,016
58 Bell Bank 21.50% of their portfolio FARGO, ND 3,004,9123.0m $202.8m $202.8m 21.50% Added +97.5k +97,483
59 Allspring Global Investments Holdings, LLC 0.31% of their portfolio CHARLOTTE, NC 2,843,4732.8m $191.9m $191.9m 0.31% Reduced -80.8k -80,822
60 Fiduciary Trust Co 3.33% of their portfolio Boston, MA 2,801,7722.8m $189.1m $189.1m 3.33% Added +724.5k +724,499
61 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 2,761,5572.8m $186.4m $186.4m 0.05% Reduced -106.0k -106,006
62 COMMONWEALTH EQUITY SERVICES, LLC 0.37% of their portfolio WALTHAM, MA 2,703,3172.7m $182.5m $182.5m 0.37% Added +21.4k +21,440
63 Haverford Trust Co 2.05% of their portfolio Radnor, PA 2,692,6302.7m $181.8m $181.8m 2.05% Added +30.3k +30,287
64 FLPUTNAM INVESTMENT MANAGEMENT CO 4.92% of their portfolio PORTLAND, ME 2,677,2032.7m $180.7m $180.7m 4.92% Added +900.0k +899,957
65 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 2,644,7292.6m $178.5m $178.5m 0.03% Reduced -295.1k -295,109
66 FIRST HAWAIIAN BANK 5.79% of their portfolio HONOLULU, HI 2,625,9212.6m $177.2m $177.2m 5.79% Reduced -21.5k -21,548
67 Creative Planning 0.23% of their portfolio OVERLAND PARK, KS 2,556,8902.6m $172.6m $172.6m 0.23% Added +20.5k +20,507
68 GREENLEAF TRUST 1.83% of their portfolio KALAMAZOO, MI 2,548,9082.5m $172.1m $172.1m 1.83% Added +29.1k +29,053
69 BROWN BROTHERS HARRIMAN & CO 1.38% of their portfolio NEW YORK, NY 2,540,2692.5m $171.5m $171.5m 1.38% Reduced -86.4k -86,448
70 CREDIT SUISSE AG/ 0.17% of their portfolio ZURICH, V8 2,474,0002.5m $167.0m $167.0m 0.17% Unchanged
71 Balentine LLC 5.26% of their portfolio ATLANTA, GA 2,351,4972.4m $158.5m $158.5m 5.26% Added +2.1m +2,052,361
72 First Command Bank 14.93% of their portfolio FORT WORTH, TX 2,351,1592.4m $158.7m $158.7m 14.93% Added +241.5k +241,530
73 First Command Financial Services, Inc. 14.93% of their portfolio FORT WORTH, TX 2,351,1592.4m $158.7m $158.7m 14.93% Added +241.5k +241,530
74 MISSION WEALTH MANAGEMENT, LP 5.91% of their portfolio Santa Barbara, CA 2,294,2082.3m $154.9m $154.9m 5.91% Added +334.1k +334,057
75 Passaic Partners LLC 26.19% of their portfolio NEWARK, NJ 2,269,6242.3m $153.2m $153.2m 26.19% Added +320.4k +320,424
76 Pure Financial Advisors, LLC 6.41% of their portfolio SAN DIEGO, CA 2,238,0302.2m $151.1m $151.1m 6.41% Added +173.1k +173,113
77 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 4.15% of their portfolio MINNEAPOLIS, MN 2,194,5312.2m $148.1m $148.1m 4.15% Reduced -41.9k -41,856
78 Modera Wealth Management, LLC 2.68% of their portfolio WESTWOOD, NJ 2,184,0712.2m $147.4m $147.4m 2.68% Added +340.4k +340,355
79 J.P. Morgan Private Wealth Advisors LLC 0.73% of their portfolio SAN FRANCISCO, CA 2,094,6732.1m $141.4m $141.4m 0.73% Reduced -498.9k -498,869
80 Matson Money. Inc. 5.02% of their portfolio MASON, OH 2,081,1802.1m $140.5m $140.5m 5.02% Reduced -1.8k -1,833
81 CITIZENS FINANCIAL GROUP INC/RI 5.05% of their portfolio PROVIDENCE, RI 2,054,7742.1m $138.7m $138.7m 5.05% Added +51.6k +51,633
82 NEPC LLC 15.69% of their portfolio Boston, MA 1,969,7792.0m $133.0m $133.0m 15.69% Added +2.0m +1,969,554
83 MML INVESTORS SERVICES, LLC 0.72% of their portfolio SPRINGFIELD, MA 1,934,5021.9m $130.6m $130.6m 0.72% Added +317.3k +317,282
84 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio Toronto, A6 1,860,2621.9m $125.6m $125.6m 0.07% Reduced -312.3k -312,313
85 Alaska Permanent Capital Management, LLC 10.50% of their portfolio ANCHORAGE, AK 1,844,7461.8m $124.5m $124.5m 10.50% Added +20.3k +20,311
86 Truepoint, Inc. 3.90% of their portfolio CINCINNATI, OH 1,742,8751.7m $117.6m $117.6m 3.90% Reduced -29.6k -29,636
87 HALBERT HARGROVE GLOBAL ADVISORS, LLC 8.51% of their portfolio LONG BEACH, CA 1,716,8831.7m $115.9m $115.9m 8.51% Added +18.4k +18,380
88 MACQUARIE GROUP LTD 0.13% of their portfolio Sydney, NSW 2000, C3 1,686,6761.7m $113.9m $113.9m 0.13% Added +844.2k +844,199
89 CKW FINANCIAL GROUP 16.96% of their portfolio HONOLULU, HI 1,682,6251.7m $113.6m $113.6m 16.96% Reduced -101.3k -101,340
90 Retirement Investment Advisors, Inc. 13.54% of their portfolio OKLAHOMA CITY, OK 1,672,2781.7m $112.9m $112.9m 13.54% Added +590.8k +590,812
91 Heritage Wealth Advisors 5.87% of their portfolio RICHMOND, VA 1,642,1751.6m $110.8m $110.8m 5.87% Reduced -15.7k -15,715
92 First Business Financial Services, Inc. 13.61% of their portfolio MADISON, WI 1,634,6861.6m $110.3m $110.3m 13.61% Reduced -24.0k -24,005
93 Janney Montgomery Scott LLC 0.38% of their portfolio PHILADELPHIA, PA 1,598,5581.6m $107.9m $107.9m 0.38% Reduced -4.5k -4,451
94 Mirae Asset Global Investments Co., Ltd. 0.23% of their portfolio SEOUL, M5 1,595,1481.6m $107.7m $107.7m 0.23% Reduced -24.9k -24,939
95 Corient Private Wealth LP 0.24% of their portfolio MIAMI, FL 1,563,2701.6m $105.5m $105.5m 0.24% Added +47.7k +47,746
96 Horizon Investments, LLC 3.01% of their portfolio Charlotte, NC 1,549,6281.5m $104.6m $104.6m 3.01% Added +1.4m +1,412,546
97 Avidian Wealth Enterprises, LLC 6.53% of their portfolio Houston, TX 1,473,3401.5m $99.5m $99.5m 6.53% Reduced -89.3k -89,342
98 Global Strategic Investment Solutions, LLC 12.30% of their portfolio Scottsdale, AZ 1,460,6211.5m $98.6m $98.6m 12.30% Added +205.2k +205,184
99 Capital Analysts, LLC 5.37% of their portfolio FORT WASHINGTON, PA 1,433,0681.4m $96.7m $96.7m 5.37% Added +236.7k +236,707
100 Cetera Advisor Networks LLC 0.65% of their portfolio EL SEGUNDO, CA 1,393,5801.4m $93.7m $93.7m 0.65% Reduced -74.6k -74,564