Vault-13

ISHARES TR IEFA

CORE MSCI EAFE · ETP · CUSIP 46432F842

1,748 institutional holders +160 vs Q3 2023
1,409,899,0171.4bn shares reported held*
$99.1bnreported value*
102 new 723 added 611 reduced 62 sold out net bought ≈ $10.1bn (+143.4m 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 ($122.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.31. Options: 5 managers hold calls ($12.2m notional), 6 hold puts ($4.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,416Q4 22: 1,527Q1 23: 1,555Q2 23: 1,585Q3 23: 1,588Q4 23: 1,7481,748Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20221,416
Q4 20221,527
Q1 20231,555
Q2 20231,585
Q3 20231,588
Q4 20231,748

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 23Q3 23: 796 bought or addedQ3 23: 630 cut or sold outQ3 23Q4 23: 825 bought or addedQ4 23: 673 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022722685
Q1 2023754655
Q2 2023815642
Q3 2023796630
Q4 2023825673

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ1 23 calls: $11.4mQ1 23 puts: $24.4mQ1 23P/C 2.13Q2 23 calls: $9.9mQ2 23 puts: $26.4mQ2 23P/C 2.67Q3 23 calls: $10.3mQ3 23 puts: $4.0mQ3 23P/C 0.38Q4 23 calls: $12.2mQ4 23 puts: $4.3mQ4 23P/C 0.35
Numbers
QuarterCallsPutsP/C
Q1 2023$11.4m$24.4m2.13
Q2 2023$9.9m$26.4m2.67
Q3 2023$10.3m$4.0m0.38
Q4 2023$12.2m$4.3m0.35

Biggest buyers

MORGAN STANLEY Added +87,057,532+87.1m
JPMORGAN CHASE & CO Added +23,169,193+23.2m
GOLDMAN SACHS GROUP INC Added +12,659,503+12.7m
BANK OF AMERICA CORP /DE/ Added +4,852,741+4.9m
WELLS FARGO & COMPANY/MN Added +3,893,711+3.9m
Cerity Partners LLC Added +3,879,901+3.9m
JONES FINANCIAL COMPANIES LLLP Added +3,655,216+3.7m
Bank of New York Mellon Corp Added +2,402,136+2.4m
FMR LLC Added +2,318,567+2.3m
US BANCORP \DE\ Added +1,543,838+1.5m

Biggest sellers

UNITED CAPITAL FINANCIAL ADVISORS, LLC Reduced -3,206,522-3.2m
BlackRock Inc. Reduced -2,466,643-2.5m
Balentine LLC Reduced -2,178,713-2.2m
UBS Group AG Reduced -1,842,001-1.8m
JANE STREET GROUP, LLC Sold out -1,804,506-1.8m
OSAIC HOLDINGS, INC. Reduced -1,418,636-1.4m
BANK OF MONTREAL /CAN/ Reduced -1,328,114-1.3m
UNIVERSITY OF CHICAGO Sold out -1,128,600-1.1m
Retirement Investment Advisors, Inc. Reduced -983,727-983.7k
FIFTH THIRD BANCORP Reduced -854,422-854.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.7m152.4k shares
CITADEL ADVISORS LLC Reduced $787.9k11.2k shares
WOLVERINE TRADING, LLC Reduced $436.2k6.2k shares
Belvedere Trading LLC Added $246.2k3.5k shares
Cutler Group LLC / CA Added $53.0k7.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.1m30.3k shares
CITADEL ADVISORS LLC Added $1.3m17.8k shares
WOLVERINE TRADING, LLC Added $872.3k12.4k shares
Belvedere Trading LLC New $14.1k200 shares
Cutler Group LLC / CA Added $2.0k8.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.54% of their portfolio NEW YORK, NY 175,421,674175.4m $12.3bn $12.3bn 0.54% Added +87.1m +87,057,532
2 BANK OF AMERICA CORP /DE/ 1.35% of their portfolio CHARLOTTE, NC 169,236,422169.2m $11.9bn $11.9bn 1.35% Added +4.9m +4,852,741
3 JONES FINANCIAL COMPANIES LLLP 8.13% of their portfolio DES PERES, MO 76,887,09776.9m $5.4bn $5.4bn 8.13% Added +3.7m +3,655,216
4 TIAA TRUST, NATIONAL ASSOCIATION 13.70% of their portfolio CHARLOTTE, NC 58,350,63358.4m $4.1bn $4.1bn 13.70% Added +81.8k +81,760
5 WELLS FARGO & COMPANY/MN 1.12% of their portfolio SAN FRANCISCO, CA 56,399,93556.4m $4.0bn $4.0bn 1.12% Added +3.9m +3,893,711
6 GOLDMAN SACHS GROUP INC 0.59% of their portfolio NEW YORK, NY 38,546,89638.5m $2.7bn $2.7bn 0.59% Added +12.7m +12,659,503
7 BlackRock Inc. 0.07% of their portfolio New York, NY 37,296,97737.3m $2.6bn $2.6bn 0.07% Reduced -2.5m -2,466,643
8 ENVESTNET ASSET MANAGEMENT INC 1.02% of their portfolio Berwyn, PA 34,921,51534.9m $2.5bn $2.5bn 1.02% Reduced -314.3k -314,295
9 JPMORGAN CHASE & CO 0.12% of their portfolio NEW YORK, NY 34,722,60034.7m $2.4bn $2.4bn 0.12% Added +23.2m +23,169,193
10 LPL Financial LLC 1.47% of their portfolio FORT MILL, SC 34,496,67134.5m $2.4bn $2.4bn 1.47% Added +1.1m +1,132,095
11 US BANCORP \DE\ 3.18% of their portfolio MINNEAPOLIS, MN 30,507,08230.5m $2.1bn $2.1bn 3.18% Added +1.5m +1,543,838
12 RAYMOND JAMES & ASSOCIATES 1.55% of their portfolio ST PETERSBURG, FL 29,518,12029.5m $2.1bn $2.1bn 1.55% Added +673.8k +673,843
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.15% of their portfolio MILWAUKEE, WI 27,083,64127.1m $1.9bn $1.9bn 2.15% Added +1.2m +1,195,586
14 UBS Group AG 0.67% of their portfolio ZURICH, V8 23,724,01223.7m $1.7bn $1.7bn 0.67% Reduced -1.8m -1,842,001
15 Bank of New York Mellon Corp 0.32% of their portfolio NEW YORK, NY 22,155,04722.2m $1.6bn $1.6bn 0.32% Added +2.4m +2,402,136
16 FMR LLC 0.09% of their portfolio BOSTON, MA 17,383,89917.4m $1.2bn $1.2bn 0.09% Added +2.3m +2,318,567
17 M&T Bank Corp 4.03% of their portfolio BUFFALO, NY 15,603,16815.6m $1.1bn $1.1bn 4.03% Added +231.1k +231,092
18 PNC Financial Services Group, Inc. 0.83% of their portfolio Pittsburgh, PA 15,056,78715.1m $1.1bn $1.1bn 0.83% Reduced -350.8k -350,787
19 Envestnet Portfolio Solutions, Inc. 3.61% of their portfolio BERWYN, PA 12,366,85712.4m $870.0m $870.0m 3.61% Added +401.0k +401,049
20 Betterment LLC 2.44% of their portfolio NEW YORK, NY 12,049,13212.0m $847.7m $847.7m 2.44% Reduced -246.3k -246,270
21 STIFEL FINANCIAL CORP 0.85% of their portfolio ST. LOUIS, MO 9,639,1149.6m $678.1m $678.1m 0.85% Added +224.1k +224,106
22 State of New Jersey Common Pension Fund D 2.24% of their portfolio TRENTON, NJ 9,500,4719.5m $668.4m $668.4m 2.24% Unchanged
23 AMERIPRISE FINANCIAL INC 0.19% of their portfolio MINNEAPOLIS, MN 8,987,3239.0m $633.4m $633.4m 0.19% Reduced -177.2k -177,174
24 TRUIST FINANCIAL CORP 0.86% of their portfolio CHARLOTTE, NC 7,713,8637.7m $542.7m $542.7m 0.86% Reduced -470.9k -470,931
25 Cerity Partners LLC 1.77% of their portfolio NEW YORK, NY 7,510,2337.5m $528.3m $528.3m 1.77% Added +3.9m +3,879,901
26 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 7,375,7637.4m $518.9m $518.9m 0.13% Added +220.8k +220,814
27 Mariner, LLC 1.23% of their portfolio Overland Park, KS 7,351,9917.4m $517.2m $517.2m 1.23% Added +301.8k +301,803
28 ASSETMARK, INC 1.87% of their portfolio CONCORD, CA 7,347,6107.3m $516.9m $516.9m 1.87% Added +63.9k +63,866
29 Raymond James Financial Services Advisors, Inc. 0.78% of their portfolio ST. PETERSBURG, FL 6,787,4536.8m $477.5m $477.5m 0.78% Reduced -37.3k -37,267
30 HighTower Advisors, LLC 0.78% of their portfolio CHICAGO, IL 6,598,7666.6m $464.2m $464.2m 0.78% Added +163.8k +163,850
31 ALLIANCEBERNSTEIN L.P. 0.18% of their portfolio NASHVILLE, TN 6,486,8986.5m $456.4m $456.4m 0.18% Reduced -238.6k -238,649
32 KEYBANK NATIONAL ASSOCIATION/OH 1.86% of their portfolio BROOKLYN, OH 5,941,8945.9m $418.0m $418.0m 1.86% Added +1.0m +1,001,061
33 FIRST CITIZENS BANK & TRUST CO 7.38% of their portfolio RALEIGH, NC 5,774,3415.8m $406.2m $406.2m 7.38% Added +189.5k +189,545
34 BANK OF MONTREAL /CAN/ 0.13% of their portfolio TORONTO, A6 5,706,5115.7m $402.7m $402.7m 0.13% Reduced -1.3m -1,328,114
35 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio SAN FRANCISCO, CA 5,499,2065.5m $386.9m $386.9m 0.10% Reduced -332.3k -332,339
36 Ballentine Partners, LLC 7.78% of their portfolio Waltham, MA 5,418,4545.4m $381.2m $381.2m 7.78% Added +172.2k +172,232
37 FRANKLIN RESOURCES INC 0.18% of their portfolio San Mateo, CA 5,387,0285.4m $379.0m $379.0m 0.18% Reduced -210.2k -210,213
38 Baird Financial Group, Inc. 0.83% of their portfolio MILWAUKEE, WI 5,194,6975.2m $365.4m $365.4m 0.83% Added +451.4k +451,382
39 UNITED CAPITAL FINANCIAL ADVISORS, LLC 2.69% of their portfolio IRVING, TX 4,603,1684.6m $323.8m $323.8m 2.69% Reduced -3.2m -3,206,522
40 OSAIC HOLDINGS, INC. 0.56% of their portfolio SCOTTSDALE, AZ 4,545,7574.5m $319.9m $319.9m 0.56% Reduced -1.4m -1,418,636
41 SEI INVESTMENTS CO 0.51% of their portfolio OAKS, PA 4,516,2054.5m $317.7m $317.7m 0.51% Reduced -189.2k -189,210
42 Cresset Asset Management, LLC 1.92% of their portfolio Chicago, IL 4,491,8704.5m $316.0m $316.0m 1.92% Reduced -257.5k -257,457
43 Allspring Global Investments Holdings, LLC 0.51% of their portfolio CHARLOTTE, NC 4,331,5524.3m $304.7m $304.7m 0.51% Added +1.5m +1,468,629
44 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 7.91% of their portfolio MILWAUKEE, WI 4,306,4384.3m $303.0m $303.0m 7.91% Reduced -744.5k -744,500
45 CORNERSTONE PARTNERS CAPITAL MANAGEMENT, LLC 22.62% of their portfolio CHARLOTTESVILLE, VA 4,226,9814.2m $297.4m $297.4m 22.62% Reduced -226.5k -226,513
46 Alesco Advisors, LLC, An ESL Co 10.42% of their portfolio Pittsford, NY 4,223,9984.2m $297.2m $297.2m 10.42% Added +108.8k +108,801
47 Alaska Permanent Fund Corp 4.44% of their portfolio JUNEAU, AK 3,832,0063.8m $269.6m $269.6m 4.44% Reduced -538.9k -538,895
48 GRIMES & Co WEALTH MANAGEMENT, LLC 8.91% of their portfolio WESTBOROUGH, MA 3,825,5833.8m $269.1m $269.1m 8.91% Added +22.3k +22,332
49 AVANTAX ADVISORY SERVICES, INC. 2.62% of their portfolio DALLAS, TX 3,755,8343.8m $264.2m $264.2m 2.62% Added +188.1k +188,076
50 Members Trust Co 7.51% of their portfolio TAMPA, FL 3,737,8023.7m $262.9m $262.9m 7.51% Reduced -437.2k -437,185
51 Nuveen Asset Management, LLC 0.08% of their portfolio CHICAGO, IL 3,711,0853.7m $261.1m $261.1m 0.08% Reduced -85.5k -85,476
52 Hirtle & Co., LLC 11.76% of their portfolio WEST CONSHOHOCKEN, PA 3,666,5363.7m $257.9m $257.9m 11.76% Added +23.9k +23,851
53 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 3,539,5853.5m $249.0m $249.0m 0.05% Added +1.2m +1,200,708
54 FLPUTNAM INVESTMENT MANAGEMENT CO 5.76% of their portfolio PORTLAND, ME 3,472,9743.5m $244.3m $244.3m 5.76% Added +597.4k +597,429
55 Fiduciary Trust Co 4.08% of their portfolio Boston, MA 3,470,7443.5m $244.2m $244.2m 4.08% Added +162.7k +162,728
56 CWM, LLC 1.31% of their portfolio OMAHA, NE 3,470,6843.5m $244.2m $244.2m 1.31% Reduced -772.0k -772,003
57 Creative Planning 0.42% of their portfolio OVERLAND PARK, KS 3,202,0823.2m $225.3m $225.3m 0.42% Added +346.2k +346,194
58 Bell Bank 20.79% of their portfolio FARGO, ND 3,066,5973.1m $215.7m $215.7m 20.79% Added +46.5k +46,466
59 MISSION WEALTH MANAGEMENT, LP 6.77% of their portfolio Santa Barbara, CA 2,920,0982.9m $205.4m $205.4m 6.77% Added +271.1k +271,141
60 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 2,872,1172.9m $202.1m $202.1m 0.04% Added +1.2m +1,247,226
61 COMMONWEALTH EQUITY SERVICES, LLC 0.37% of their portfolio WALTHAM, MA 2,851,8772.9m $200.6m $200.6m 0.37% Added +133.5k +133,514
62 SIGNATUREFD, LLC 4.60% of their portfolio ATLANTA, GA 2,834,1102.8m $199.4m $199.4m 4.60% Reduced -84.5k -84,514
63 FIFTH THIRD BANCORP 0.82% of their portfolio CINCINNATI, OH 2,735,3012.7m $192.4m $192.4m 0.82% Reduced -854.4k -854,422
64 Haverford Trust Co 2.09% of their portfolio Radnor, PA 2,676,2572.7m $188.3m $188.3m 2.09% Added +60.6k +60,601
65 GREENLEAF TRUST 2.00% of their portfolio KALAMAZOO, MI 2,645,2622.6m $186.1m $186.1m 2.00% Added +40.1k +40,099
66 First Command Advisory Services, Inc. 2.16% of their portfolio FORT WORTH, TX 2,618,9502.6m $184.2m $184.2m 2.16% Added +132.7k +132,712
67 FIRST HAWAIIAN BANK 5.79% of their portfolio HONOLULU, HI 2,616,5662.6m $184.1m $184.1m 5.79% Added +1.1k +1,059
68 Quotient Wealth Partners, LLC 6.97% of their portfolio DALLAS, TX 2,554,6282.6m $179.7m $179.7m 6.97% First filing
69 Passaic Partners LLC 29.70% of their portfolio NEWARK, NJ 2,494,0202.5m $175.5m $175.5m 29.70% Added +254.0k +254,020
70 CREDIT SUISSE AG/ 0.17% of their portfolio ZURICH, V8 2,474,0002.5m $174.0m $174.0m 0.17% Unchanged
71 Pure Financial Advisors, LLC 5.97% of their portfolio SAN DIEGO, CA 2,461,1802.5m $173.1m $173.1m 5.97% Added +204.4k +204,407
72 MML INVESTORS SERVICES, LLC 0.80% of their portfolio SPRINGFIELD, MA 2,454,3802.5m $172.7m $172.7m 0.80% Added +156.9k +156,882
73 Modera Wealth Management, LLC 2.86% of their portfolio WESTWOOD, NJ 2,453,0082.5m $172.6m $172.6m 2.86% Added +156.1k +156,120
74 RiverFront Investment Group, LLC 5.31% of their portfolio RICHMOND, VA 2,408,1622.4m $169.4m $169.4m 5.31% Reduced -12.6k -12,573
75 NATIONAL BANK OF CANADA /FI/ 0.28% of their portfolio MONTREAL, A8 2,230,3882.2m $155.2m $155.2m 0.28% Added +1.2m +1,208,935
76 BROWN BROTHERS HARRIMAN & CO 1.30% of their portfolio NEW YORK, NY 2,218,8122.2m $156.1m $156.1m 1.30% Reduced -220.1k -220,083
77 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.87% of their portfolio MINNEAPOLIS, MN 2,213,4352.2m $155.7m $155.7m 3.87% Added +14.1k +14,080
78 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio Toronto, A6 2,110,7682.1m $148.5m $148.5m 0.09% Added +140.8k +140,781
79 CITIZENS FINANCIAL GROUP INC/RI 5.10% of their portfolio PROVIDENCE, RI 2,103,7012.1m $148.0m $148.0m 5.10% Reduced -43.4k -43,415
80 Matson Money. Inc. 5.04% of their portfolio MASON, OH 2,098,5062.1m $147.6m $147.6m 5.04% Unchanged
81 NATIXIS ADVISORS, LLC 0.37% of their portfolio Boston, MA 2,017,7602.0m $141.9m $141.9m 0.37% Reduced -542.2k -542,244
82 MACQUARIE GROUP LTD 0.15% of their portfolio Sydney, NSW 2000, C3 1,903,4101.9m $133.9m $133.9m 0.15% Reduced -16.7k -16,706
83 Alaska Permanent Capital Management, LLC 11.01% of their portfolio ANCHORAGE, AK 1,891,8381.9m $133.0m $133.0m 11.01% Added +10.1k +10,087
84 MIDLAND WEALTH ADVISORS, LLC 9.07% of their portfolio EFFINGHAM, IL 1,881,9031.9m $132.4m $132.4m 9.07% First filing
85 Truepoint, Inc. 3.81% of their portfolio CINCINNATI, OH 1,847,7501.8m $130.0m $130.0m 3.81% Added +127.5k +127,506
86 CKW FINANCIAL GROUP 17.06% of their portfolio HONOLULU, HI 1,745,7721.7m $122.8m $122.8m 17.06% Added +6.1k +6,096
87 Rockefeller Capital Management L.P. 0.39% of their portfolio NEW YORK, NY 1,679,9091.7m $118.2m $118.2m 0.39% Added +273.2k +273,174
88 Mirae Asset Global Investments Co., Ltd. 0.24% of their portfolio SEOUL, M5 1,677,7281.7m $118.0m $118.0m 0.24% Reduced -14.8k -14,760
89 HALBERT HARGROVE GLOBAL ADVISORS, LLC 8.08% of their portfolio LONG BEACH, CA 1,654,2471.7m $116.4m $116.4m 8.08% Reduced -83.1k -83,109
90 Cetera Advisor Networks LLC 0.65% of their portfolio EL SEGUNDO, CA 1,649,9031.6m $116.1m $116.1m 0.65% Reduced -55.4k -55,375
91 Heritage Wealth Advisors 5.76% of their portfolio RICHMOND, VA 1,647,6591.6m $115.9m $115.9m 5.76% Reduced -3.3k -3,306
92 First Business Financial Services, Inc. 13.40% of their portfolio MADISON, WI 1,638,6501.6m $115.3m $115.3m 13.40% Added +3.6k +3,590
93 Avidian Wealth Enterprises, LLC 6.81% of their portfolio Houston, TX 1,550,0051.6m $109.0m $109.0m 6.81% Added +67.7k +67,688
94 Janney Montgomery Scott LLC 0.35% of their portfolio PHILADELPHIA, PA 1,538,2131.5m $108.2m $108.2m 0.35% Added +53.6k +53,559
95 MONETA GROUP INVESTMENT ADVISORS LLC 2.13% of their portfolio ST LOUIS, MO 1,530,2341.5m $107.7m $107.7m 2.13% Added +202.7k +202,739
96 CAPTRUST FINANCIAL ADVISORS 0.37% of their portfolio RALEIGH, NC 1,526,1921.5m $107.4m $107.4m 0.37% Added +166.1k +166,103
97 Capital Analysts, LLC 5.37% of their portfolio FORT WASHINGTON, PA 1,514,9911.5m $106.6m $106.6m 5.37% Added +26.1k +26,114
98 Connecticut Wealth Management, LLC 5.88% of their portfolio FARMINGTON, CT 1,454,9851.5m $102.4m $102.4m 5.88% Added +9.6k +9,585
99 Global Strategic Investment Solutions, LLC 12.53% of their portfolio Scottsdale, AZ 1,441,3581.4m $101.4m $101.4m 12.53% Reduced -10.6k -10,610
100 COMERICA BANK 0.47% of their portfolio DALLAS, TX 1,439,1491.4m $101.2m $101.2m 0.47% Reduced -296 -296