Vault-13

ISHARES TR IEFA

CORE MSCI EAFE · ETP · CUSIP 46432F842

1,788 institutional holders +40 vs Q4 2023
1,545,426,4421.5bn shares reported held*
$114.7bnreported value*
100 new 772 added 656 reduced 68 sold out net bought ≈ $11.8bn (+159.3m 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 ($1.9bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $74.25. Options: 5 managers hold calls ($14.4m notional), 5 hold puts ($3.7m).

Trends to Q1 2024

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: 1,748Q1 24: 1,7881,788Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20221,416
Q4 20221,527
Q1 20231,555
Q2 20231,585
Q3 20231,588
Q4 20231,748
Q1 20241,788

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 23Q1 24: 872 bought or addedQ1 24: 724 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022722685
Q1 2023754655
Q2 2023815642
Q3 2023796630
Q4 2023825673
Q1 2024872724

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 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 0.35Q1 24 calls: $14.4mQ1 24 puts: $3.7mQ1 24P/C 0.26
Numbers
QuarterCallsPutsP/C
Q2 2023$9.9m$26.4m2.67
Q3 2023$10.3m$4.0m0.38
Q4 2023$12.2m$4.3m0.35
Q1 2024$14.4m$3.7m0.26

Biggest buyers

MORGAN STANLEY Added +91,779,359+91.8m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +57,224,039+57.2m
NATIONAL BANK OF CANADA /FI/ Added +4,907,948+4.9m
BANK OF AMERICA CORP /DE/ Added +3,956,336+4.0m
BANK OF MONTREAL /CAN/ Added +3,023,700+3.0m
ENVESTNET ASSET MANAGEMENT INC Added +2,936,392+2.9m
Mill Creek Capital Advisors, LLC Added +2,289,940+2.3m
Cetera Investment Advisers Added +2,170,869+2.2m
JONES FINANCIAL COMPANIES LLLP Added +2,100,536+2.1m
AVANTAX ADVISORY SERVICES, INC. Added +1,753,843+1.8m

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -6,693,376-6.7m
CWM, LLC Reduced -3,260,868-3.3m
OSAIC HOLDINGS, INC. Reduced -2,951,285-3.0m
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Reduced -2,122,900-2.1m
BlackRock Inc. Reduced -1,893,858-1.9m
Cetera Advisor Networks LLC Sold out -1,649,903-1.6m
WELLINGTON MANAGEMENT GROUP LLP Reduced -1,405,097-1.4m
LPL Financial LLC Reduced -1,256,342-1.3m
NORTHERN TRUST CORP Reduced -1,157,005-1.2m
Horizon Investments, LLC Reduced -993,871-993.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.7m170.9k shares
CITADEL ADVISORS LLC Added $1.4m18.8k shares
Belvedere Trading LLC Reduced $148.4k2.0k shares
Twin Tree Management, LP New $74.2k1.0k shares
Cutler Group LLC / CA Reduced $64.0k5.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.3m44.7k shares
CITADEL ADVISORS LLC Reduced $348.8k4.7k shares
Belvedere Trading LLC Unchanged $14.8k200 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.53% of their portfolio NEW YORK, NY 267,201,033267.2m $19.8bn $19.8bn 0.53% Added +91.8m +91,779,359
2 BANK OF AMERICA CORP /DE/ 1.27% of their portfolio CHARLOTTE, NC 173,192,758173.2m $12.9bn $12.9bn 1.27% Added +4.0m +3,956,336
3 JONES FINANCIAL COMPANIES LLLP 7.99% of their portfolio DES PERES, MO 78,987,63379.0m $5.9bn $5.9bn 7.99% Added +2.1m +2,100,536
4 TIAA TRUST, NATIONAL ASSOCIATION 13.31% of their portfolio CHARLOTTE, NC 58,621,19858.6m $4.4bn $4.4bn 13.31% Added +270.6k +270,565
5 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 1.51% of their portfolio NEW YORK, NY 57,224,03957.2m $4.2bn $4.2bn 1.51% New
6 WELLS FARGO & COMPANY/MN 1.12% of their portfolio SAN FRANCISCO, CA 56,973,31757.0m $4.2bn $4.2bn 1.12% Added +573.4k +573,382
7 ENVESTNET ASSET MANAGEMENT INC 1.05% of their portfolio Berwyn, PA 37,857,90737.9m $2.8bn $2.8bn 1.05% Added +2.9m +2,936,392
8 JPMORGAN CHASE & CO 0.12% of their portfolio NEW YORK, NY 35,518,91435.5m $2.6bn $2.6bn 0.12% Added +796.3k +796,314
9 BlackRock Inc. 0.06% of their portfolio New York, NY 35,403,11935.4m $2.6bn $2.6bn 0.06% Reduced -1.9m -1,893,858
10 LPL Financial LLC 1.33% of their portfolio FORT MILL, SC 33,240,32933.2m $2.5bn $2.5bn 1.33% Reduced -1.3m -1,256,342
11 GOLDMAN SACHS GROUP INC 0.50% of their portfolio NEW YORK, NY 31,853,52031.9m $2.4bn $2.4bn 0.50% Reduced -6.7m -6,693,376
12 US BANCORP \DE\ 3.25% of their portfolio MINNEAPOLIS, MN 31,443,40331.4m $2.3bn $2.3bn 3.25% Added +936.3k +936,321
13 RAYMOND JAMES & ASSOCIATES 1.48% of their portfolio ST PETERSBURG, FL 29,384,29229.4m $2.2bn $2.2bn 1.48% Reduced -133.8k -133,828
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.13% of their portfolio MILWAUKEE, WI 27,898,43727.9m $2.1bn $2.1bn 2.13% Added +814.8k +814,796
15 UBS Group AG 0.59% of their portfolio ZURICH, V8 23,912,42723.9m $1.8bn $1.8bn 0.59% Added +188.4k +188,415
16 Bank of New York Mellon Corp 0.34% of their portfolio NEW YORK, NY 23,834,65723.8m $1.8bn $1.8bn 0.34% Added +1.7m +1,679,610
17 FMR LLC 0.09% of their portfolio BOSTON, MA 18,573,03818.6m $1.4bn $1.4bn 0.09% Added +1.2m +1,189,139
18 M&T Bank Corp 3.90% of their portfolio BUFFALO, NY 15,088,10415.1m $1.1bn $1.1bn 3.90% Reduced -515.1k -515,064
19 PNC Financial Services Group, Inc. 0.77% of their portfolio Pittsburgh, PA 15,009,84715.0m $1.1bn $1.1bn 0.77% Reduced -46.9k -46,940
20 Envestnet Portfolio Solutions, Inc. 3.56% of their portfolio BERWYN, PA 12,769,64912.8m $947.8m $947.8m 3.56% Added +402.8k +402,792
21 Betterment LLC 2.32% of their portfolio NEW YORK, NY 11,647,91511.6m $864.5m $864.5m 2.32% Reduced -401.2k -401,217
22 AMERIPRISE FINANCIAL INC 0.20% of their portfolio MINNEAPOLIS, MN 9,566,2569.6m $713.2m $713.2m 0.20% Added +578.9k +578,933
23 State of New Jersey Common Pension Fund D 2.13% of their portfolio TRENTON, NJ 9,500,4719.5m $705.1m $705.1m 2.13% Unchanged
24 STIFEL FINANCIAL CORP 0.78% of their portfolio ST. LOUIS, MO 9,271,1739.3m $688.1m $688.1m 0.78% Reduced -367.9k -367,941
25 BANK OF MONTREAL /CAN/ 0.20% of their portfolio TORONTO, A6 8,730,2118.7m $648.0m $648.0m 0.20% Added +3.0m +3,023,700
26 Mariner, LLC 1.27% of their portfolio Overland Park, KS 8,272,6058.3m $614.0m $614.0m 1.27% Added +920.6k +920,614
27 Cerity Partners LLC 1.56% of their portfolio NEW YORK, NY 8,021,5808.0m $592.5m $592.5m 1.56% Added +511.3k +511,347
28 ROYAL BANK OF CANADA 0.14% of their portfolio TORONTO, A6 7,738,6517.7m $574.4m $574.4m 0.14% Added +362.9k +362,888
29 ASSETMARK, INC 1.79% of their portfolio CONCORD, CA 7,428,3637.4m $551.3m $551.3m 1.79% Added +80.8k +80,753
30 TRUIST FINANCIAL CORP 0.81% of their portfolio CHARLOTTE, NC 7,208,0447.2m $535.0m $535.0m 0.81% Reduced -505.8k -505,819
31 NATIONAL BANK OF CANADA /FI/ 0.92% of their portfolio MONTREAL, A8 7,138,3367.1m $532.9m $532.9m 0.92% Added +4.9m +4,907,948
32 ALLIANCEBERNSTEIN L.P. 0.17% of their portfolio NASHVILLE, TN 6,523,1276.5m $484.1m $484.1m 0.17% Added +36.2k +36,229
33 Raymond James Financial Services Advisors, Inc. 0.72% of their portfolio ST. PETERSBURG, FL 6,519,6576.5m $483.9m $483.9m 0.72% Reduced -267.8k -267,796
34 KEYBANK NATIONAL ASSOCIATION/OH 1.94% of their portfolio BROOKLYN, OH 6,324,0206.3m $469.4m $469.4m 1.94% Added +382.1k +382,126
35 FIRST CITIZENS BANK & TRUST CO 8.27% of their portfolio RALEIGH, NC 5,815,0865.8m $431.6m $431.6m 8.27% Added +40.7k +40,745
36 HighTower Advisors, LLC 0.69% of their portfolio CHICAGO, IL 5,762,2685.8m $427.7m $427.7m 0.69% Reduced -836.5k -836,498
37 Ballentine Partners, LLC 7.85% of their portfolio Waltham, MA 5,571,6305.6m $413.5m $413.5m 7.85% Added +153.2k +153,176
38 AVANTAX ADVISORY SERVICES, INC. 3.63% of their portfolio DALLAS, TX 5,509,6775.5m $408.9m $408.9m 3.63% Added +1.8m +1,753,843
39 Baird Financial Group, Inc. 0.85% of their portfolio MILWAUKEE, WI 5,473,2055.5m $406.2m $406.2m 0.85% Added +278.5k +278,508
40 FRANKLIN RESOURCES INC 0.13% of their portfolio San Mateo, CA 5,392,3445.4m $400.2m $400.2m 0.13% Added +5.3k +5,316
41 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio SAN FRANCISCO, CA 5,085,9115.1m $377.5m $377.5m 0.09% Reduced -413.3k -413,295
42 CORNERSTONE PARTNERS CAPITAL MANAGEMENT, LLC 23.33% of their portfolio CHARLOTTESVILLE, VA 4,681,8624.7m $347.5m $347.5m 23.33% Added +454.9k +454,881
43 SEI INVESTMENTS CO 0.48% of their portfolio OAKS, PA 4,410,8884.4m $327.4m $327.4m 0.48% Reduced -105.3k -105,317
44 UNITED CAPITAL FINANCIAL ADVISORS, LLC 2.69% of their portfolio IRVING, TX 4,390,9954.4m $325.9m $325.9m 2.69% Reduced -212.2k -212,173
45 Cresset Asset Management, LLC 1.58% of their portfolio Chicago, IL 4,384,0604.4m $325.4m $325.4m 1.58% Reduced -107.8k -107,810
46 Alesco Advisors, LLC, An ESL Co 10.49% of their portfolio Pittsford, NY 4,296,8264.3m $318.9m $318.9m 10.49% Added +72.8k +72,828
47 Allspring Global Investments Holdings, LLC 0.48% of their portfolio CHARLOTTE, NC 4,184,3574.2m $310.6m $310.6m 0.48% Reduced -147.2k -147,195
48 Fiduciary Trust Co 4.38% of their portfolio Boston, MA 3,844,2543.8m $285.3m $285.3m 4.38% Added +373.5k +373,510
49 Hirtle & Co., LLC 12.00% of their portfolio WEST CONSHOHOCKEN, PA 3,792,5043.8m $281.5m $281.5m 12.00% Added +126.0k +125,968
50 GRIMES & Co WEALTH MANAGEMENT, LLC 8.64% of their portfolio WESTBOROUGH, MA 3,784,8853.8m $280.9m $280.9m 8.64% Reduced -40.7k -40,698
51 FLPUTNAM INVESTMENT MANAGEMENT CO 5.89% of their portfolio PORTLAND, ME 3,729,3733.7m $276.8m $276.8m 5.89% Added +256.4k +256,399
52 Members Trust Co 7.75% of their portfolio TAMPA, FL 3,501,1913.5m $259.9m $259.9m 7.75% Reduced -236.6k -236,611
53 Nuveen Asset Management, LLC 0.08% of their portfolio CHICAGO, IL 3,432,0963.4m $254.7m $254.7m 0.08% Reduced -279.0k -278,989
54 MISSION WEALTH MANAGEMENT, LP 6.66% of their portfolio Santa Barbara, CA 3,346,6593.3m $248.4m $248.4m 6.66% Added +426.6k +426,561
55 Cetera Investment Advisers 0.58% of their portfolio SCHAUMBURG, IL 3,339,3353.3m $247.8m $247.8m 0.58% Added +2.2m +2,170,869
56 Bell Bank 20.06% of their portfolio FARGO, ND 3,143,1093.1m $233.3m $233.3m 20.06% Added +76.5k +76,512
57 Creative Planning 0.25% of their portfolio OVERLAND PARK, KS 3,044,8593.0m $226.0m $226.0m 0.25% Reduced -157.2k -157,223
58 Alaska Permanent Fund Corp 3.29% of their portfolio JUNEAU, AK 3,008,0143.0m $223.3m $223.3m 3.29% Reduced -824.0k -823,992
59 COMMONWEALTH EQUITY SERVICES, LLC 0.36% of their portfolio WALTHAM, MA 2,951,5093.0m $219.1m $219.1m 0.36% Added +99.6k +99,632
60 SIGNATUREFD, LLC 4.61% of their portfolio ATLANTA, GA 2,941,2392.9m $218.3m $218.3m 4.61% Added +107.1k +107,129
61 Dynasty Wealth Management, LLC 6.80% of their portfolio ST. PETERSBURG, FL 2,872,7922.9m $213.2m $213.2m 6.80% First filing
62 Quotient Wealth Partners, LLC 7.46% of their portfolio DALLAS, TX 2,814,8202.8m $208.9m $208.9m 7.46% Added +260.2k +260,192
63 Modera Wealth Management, LLC 3.15% of their portfolio WESTWOOD, NJ 2,785,7392.8m $206.8m $206.8m 3.15% Added +332.7k +332,731
64 Haverford Trust Co 2.15% of their portfolio Radnor, PA 2,766,7912.8m $205.4m $205.4m 2.15% Added +90.5k +90,534
65 GREENLEAF TRUST 1.88% of their portfolio KALAMAZOO, MI 2,730,9222.7m $202.7m $202.7m 1.88% Added +85.7k +85,660
66 FIFTH THIRD BANCORP 0.78% of their portfolio CINCINNATI, OH 2,669,6452.7m $198.1m $198.1m 0.78% Reduced -65.7k -65,656
67 MML INVESTORS SERVICES, LLC 0.81% of their portfolio SPRINGFIELD, MA 2,659,1562.7m $197.4m $197.4m 0.81% Added +204.8k +204,776
68 Pure Financial Advisors, LLC 6.11% of their portfolio SAN DIEGO, CA 2,630,5462.6m $195.2m $195.2m 6.11% Added +169.4k +169,366
69 NATIXIS ADVISORS, LLC 0.43% of their portfolio Boston, MA 2,522,8592.5m $187.2m $187.2m 0.43% Added +505.1k +505,099
70 RiverFront Investment Group, LLC 5.26% of their portfolio RICHMOND, VA 2,515,7082.5m $186.7m $186.7m 5.26% Added +107.5k +107,546
71 CREDIT SUISSE AG/ 0.18% of their portfolio ZURICH, V8 2,474,0002.5m $183.6m $183.6m 0.18% Unchanged
72 Passaic Partners LLC 25.98% of their portfolio NEWARK, NJ 2,427,9922.4m $180.2m $180.2m 25.98% Reduced -66.0k -66,028
73 First Command Advisory Services, Inc. 1.88% of their portfolio FORT WORTH, TX 2,413,4942.4m $179.1m $179.1m 1.88% Reduced -205.5k -205,456
74 FIRST HAWAIIAN BANK 5.50% of their portfolio HONOLULU, HI 2,395,7182.4m $177.8m $177.8m 5.50% Reduced -220.8k -220,848
75 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 2,382,5802.4m $176.8m $176.8m 0.03% Reduced -1.2m -1,157,005
76 Mill Creek Capital Advisors, LLC 4.71% of their portfolio Conshohocken, PA 2,337,0112.3m $173.5m $173.5m 4.71% Added +2.3m +2,289,940
77 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.88% of their portfolio MINNEAPOLIS, MN 2,298,5862.3m $170.6m $170.6m 3.88% Added +85.2k +85,151
78 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 4.24% of their portfolio MILWAUKEE, WI 2,183,5382.2m $162.1m $162.1m 4.24% Reduced -2.1m -2,122,900
79 MACQUARIE GROUP LTD 0.18% of their portfolio Sydney, NSW 2000, C3 2,108,0292.1m $156.5m $156.5m 0.18% Added +204.6k +204,619
80 Matson Money. Inc. 5.11% of their portfolio MASON, OH 2,077,1292.1m $154.2m $154.2m 5.11% Reduced -21.4k -21,377
81 CKW FINANCIAL GROUP 19.78% of their portfolio HONOLULU, HI 2,056,4652.1m $152.0m $152.0m 19.78% Added +310.7k +310,693
82 BROWN BROTHERS HARRIMAN & CO 1.16% of their portfolio NEW YORK, NY 2,032,3532.0m $150.8m $150.8m 1.16% Reduced -186.5k -186,459
83 CITIZENS FINANCIAL GROUP INC/RI 5.02% of their portfolio PROVIDENCE, RI 2,027,0742.0m $150.4m $150.4m 5.02% Reduced -76.6k -76,627
84 MIDLAND WEALTH ADVISORS, LLC 8.87% of their portfolio EFFINGHAM, IL 1,941,7471.9m $144.1m $144.1m 8.87% Added +59.8k +59,844
85 Avidian Wealth Enterprises, LLC 7.64% of their portfolio Houston, TX 1,926,1511.9m $143.0m $143.0m 7.64% Added +376.1k +376,146
86 Merit Financial Group, LLC 3.29% of their portfolio ALPHARETTA, GA 1,878,1091.9m $137.8m $137.8m 3.29% Added +455.9k +455,854
87 MONETA GROUP INVESTMENT ADVISORS LLC 2.17% of their portfolio ST LOUIS, MO 1,791,0061.8m $132.9m $132.9m 2.17% Added +260.8k +260,772
88 Truepoint, Inc. 3.74% of their portfolio CINCINNATI, OH 1,774,2841.8m $131.7m $131.7m 3.74% Reduced -73.5k -73,466
89 Alaska Permanent Capital Management, LLC 9.85% of their portfolio ANCHORAGE, AK 1,709,6951.7m $126.6m $126.6m 9.85% Reduced -182.1k -182,143
90 Rockefeller Capital Management L.P. 0.37% of their portfolio NEW YORK, NY 1,701,0791.7m $126.3m $126.3m 0.37% Added +21.2k +21,170
91 Heritage Wealth Advisors 5.63% of their portfolio RICHMOND, VA 1,663,6461.7m $123.5m $123.5m 5.63% Added +16.0k +15,987
92 First Business Financial Services, Inc. 13.23% of their portfolio MADISON, WI 1,661,8091.7m $123.3m $123.3m 13.23% Added +23.2k +23,159
93 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio Toronto, A6 1,646,8241.6m $122.2m $122.2m 0.11% Reduced -463.9k -463,944
94 HALBERT HARGROVE GLOBAL ADVISORS, LLC 7.98% of their portfolio LONG BEACH, CA 1,622,5311.6m $120.4m $120.4m 7.98% Reduced -31.7k -31,716
95 MAI Capital Management 1.25% of their portfolio INDEPENDENCE, OH 1,613,9681.6m $119.8m $119.8m 1.25% Added +345.8k +345,808
96 OSAIC HOLDINGS, INC. 0.26% of their portfolio SCOTTSDALE, AZ 1,594,4721.6m $118.4m $118.4m 0.26% Reduced -3.0m -2,951,285
97 Janney Montgomery Scott LLC 0.35% of their portfolio PHILADELPHIA, PA 1,590,9681.6m $118.1m $118.1m 0.35% Added +52.8k +52,755
98 Connecticut Wealth Management, LLC 6.12% of their portfolio FARMINGTON, CT 1,549,9191.5m $115.0m $115.0m 6.12% Added +94.9k +94,934
99 COMERICA BANK 0.49% of their portfolio DALLAS, TX 1,534,1121.5m $113.9m $113.9m 0.49% Added +95.0k +94,963
100 WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio Boston, MA 1,467,0201.5m $108.9m $108.9m 0.02% Reduced -1.4m -1,405,097