Vault-13

ISHARES TR IEFA

CORE MSCI EAFE · ETP · CUSIP 46432F842

2,041 institutional holders +37 vs Q4 2024
1,438,069,4691.4bn shares reported held*
$108.8bnreported value*
121 new 808 added 797 reduced 75 sold out net bought ≈ $1.8bn (+23.4m 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 ($170.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.65. Options: 3 managers hold calls ($7.6m notional), 5 hold puts ($801.0k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,416Q4 22: 1,527Q1 23: 1,555Q2 23: 1,585Q3 23: 1,588Q4 23: 1,748Q1 24: 1,788Q2 24: 1,816Q3 24: 1,858Q4 24: 2,004Q1 25: 2,0412,041Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,416
Q4 20221,527
Q1 20231,555
Q2 20231,585
Q3 20231,588
Q4 20231,748
Q1 20241,788
Q2 20241,816
Q3 20241,858
Q4 20242,004
Q1 20252,041

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 23: 815 bought or addedQ2 23: 642 cut or sold outQ3 23: 796 bought or addedQ3 23: 630 cut or sold outQ3 23Q4 23: 825 bought or addedQ4 23: 673 cut or sold outQ1 24: 872 bought or addedQ1 24: 724 cut or sold outQ1 24Q2 24: 953 bought or addedQ2 24: 685 cut or sold outQ3 24: 900 bought or addedQ3 24: 716 cut or sold outQ3 24Q4 24: 1,015 bought or addedQ4 24: 698 cut or sold outQ1 25: 929 bought or addedQ1 25: 872 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023815642
Q3 2023796630
Q4 2023825673
Q1 2024872724
Q2 2024953685
Q3 2024900716
Q4 20241,015698
Q1 2025929872

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 24 calls: $10.0mQ2 24 puts: $38.8mQ2 24P/C 3.89Q3 24 calls: $12.4mQ3 24 puts: $4.1mQ3 24P/C 0.33Q4 24 calls: $5.7mQ4 24 puts: $421.7kQ4 24P/C 0.07Q1 25 calls: $7.6mQ1 25 puts: $801.0kQ1 25P/C 0.10
Numbers
QuarterCallsPutsP/C
Q2 2024$10.0m$38.8m3.89
Q3 2024$12.4m$4.1m0.33
Q4 2024$5.7m$421.7k0.07
Q1 2025$7.6m$801.0k0.10

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +22,873,405+22.9m
WELLS FARGO & COMPANY/MN Added +5,900,700+5.9m
Alaska Permanent Fund Corp Added +5,040,373+5.0m
BlackRock, Inc. Added +4,109,506+4.1m
NATIONAL BANK OF CANADA /FI/ Added +2,651,047+2.7m
Bank of New York Mellon Corp Added +2,175,194+2.2m
TRUIST FINANCIAL CORP Added +2,005,829+2.0m
Venturi Wealth Management, LLC Added +1,768,285+1.8m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,668,799+1.7m
GRIMES & Co WEALTH MANAGEMENT, LLC Added +1,475,731+1.5m

Biggest sellers

Envestnet Portfolio Solutions, Inc. Reduced -6,592,390-6.6m
FIRST CITIZENS BANK & TRUST CO Reduced -6,236,612-6.2m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -4,427,173-4.4m
OLD MISSION CAPITAL LLC Sold out -4,297,162-4.3m
Focus Partners Wealth Reduced -2,889,281-2.9m
LPL Financial LLC Reduced -2,602,060-2.6m
PRUDENTIAL FINANCIAL INC Reduced -1,556,717-1.6m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -1,490,517-1.5m
MORGAN STANLEY Reduced -1,441,004-1.4m
UBS Group AG Reduced -1,284,457-1.3m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.9m77.9k shares
CITADEL ADVISORS LLC Reduced $1.3m17.8k shares
JANE STREET GROUP, LLC New $400.9k5.3k shares

Biggest puts

CITADEL ADVISORS LLC Added $400.9k5.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $385.8k5.1k shares
Quaker Wealth Management, LLC First filing $14.1k186 shares
OSAIC HOLDINGS, INC. New $1801 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 1.44% of their portfolio CHARLOTTE, NC 214,611,479214.6m $16.2bn $16.2bn 1.44% Added +22.9m +22,873,405
2 MORGAN STANLEY 0.52% of their portfolio NEW YORK, NY 96,568,58496.6m $7.3bn $7.3bn 0.52% Reduced -1.4m -1,441,004
3 JONES FINANCIAL COMPANIES LLLP 6.11% of their portfolio DES PERES, MO 89,235,18889.2m $6.8bn $6.8bn 6.11% Added +663.7k +663,730
4 WELLS FARGO & COMPANY/MN 1.31% of their portfolio SAN FRANCISCO, CA 71,646,54771.6m $5.4bn $5.4bn 1.31% Added +5.9m +5,900,700
5 TIAA TRUST, NATIONAL ASSOCIATION 11.95% of their portfolio CHARLOTTE, NC 50,654,75250.7m $3.8bn $3.8bn 11.95% Reduced -4.4m -4,427,173
6 RAYMOND JAMES FINANCIAL INC 1.08% of their portfolio ST. PETERSBURG, FL 37,782,85437.8m $2.9bn $2.9bn 1.08% Added +258.6k +258,589
7 ENVESTNET ASSET MANAGEMENT INC 0.89% of their portfolio Berwyn, PA 36,560,01536.6m $2.8bn $2.8bn 0.89% Reduced -1.1m -1,079,395
8 LPL Financial LLC 1.07% of their portfolio FORT MILL, SC 36,222,49636.2m $2.7bn $2.7bn 1.07% Reduced -2.6m -2,602,060
9 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.11% of their portfolio MILWAUKEE, WI 34,156,33234.2m $2.6bn $2.6bn 2.11% Added +1.7m +1,668,799
10 US BANCORP \DE\ 3.45% of their portfolio MINNEAPOLIS, MN 34,147,18234.1m $2.6bn $2.6bn 3.45% Added +1.2m +1,232,333
11 Bank of New York Mellon Corp 0.48% of their portfolio NEW YORK, NY 32,276,42532.3m $2.4bn $2.4bn 0.48% Added +2.2m +2,175,194
12 BlackRock, Inc. 0.05% of their portfolio New York, NY 31,538,09531.5m $2.4bn $2.4bn 0.05% Added +4.1m +4,109,506
13 GOLDMAN SACHS GROUP INC 0.36% of their portfolio NEW YORK, NY 24,822,85924.8m $1.9bn $1.9bn 0.36% Reduced -487.5k -487,537
14 FMR LLC 0.11% of their portfolio BOSTON, MA 23,358,09223.4m $1.8bn $1.8bn 0.11% Added +553.9k +553,888
15 UBS Group AG 0.39% of their portfolio ZURICH, V8 23,136,92523.1m $1.8bn $1.8bn 0.39% Reduced -1.3m -1,284,457
16 JPMORGAN CHASE & CO 0.10% of their portfolio NEW YORK, NY 17,268,86317.3m $1.3bn $1.3bn 0.10% Reduced -897.5k -897,511
17 PNC Financial Services Group, Inc. 0.61% of their portfolio Pittsburgh, PA 15,359,04215.4m $1.2bn $1.2bn 0.61% Added +386.5k +386,481
18 M&T Bank Corp 3.87% of their portfolio BUFFALO, NY 14,053,09014.1m $1.1bn $1.1bn 3.87% Reduced -161.3k -161,275
19 TRUIST FINANCIAL CORP 1.32% of their portfolio CHARLOTTE, NC 10,883,70710.9m $823.4m $823.4m 1.32% Added +2.0m +2,005,829
20 Betterment LLC 1.92% of their portfolio NEW YORK, NY 10,672,57910.7m $807.4m $807.4m 1.92% Reduced -694.0k -693,970
21 STIFEL FINANCIAL CORP 0.82% of their portfolio ST. LOUIS, MO 10,155,61310.2m $768.3m $768.3m 0.82% Added +104.6k +104,564
22 BANK OF MONTREAL /CAN/ 0.40% of their portfolio TORONTO, A6 9,997,41210.0m $756.3m $756.3m 0.40% Added +923.7k +923,722
23 Cerity Partners LLC 1.53% of their portfolio NEW YORK, NY 9,832,1319.8m $743.8m $743.8m 1.53% Added +856.8k +856,790
24 AMERIPRISE FINANCIAL INC 0.19% of their portfolio MINNEAPOLIS, MN 9,202,0759.2m $696.2m $696.2m 0.19% Reduced -413.1k -413,139
25 Envestnet Portfolio Solutions, Inc. 2.62% of their portfolio BERWYN, PA 9,044,3099.0m $684.2m $684.2m 2.62% Reduced -6.6m -6,592,390
26 Mariner, LLC 1.09% of their portfolio Overland Park, KS 8,648,0448.6m $654.5m $654.5m 1.09% Reduced -126.5k -126,515
27 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 7,720,2947.7m $584.0m $584.0m 0.13% Added +315.5k +315,461
28 Alaska Permanent Fund Corp 8.39% of their portfolio JUNEAU, AK 7,583,4717.6m $596.9m $596.9m 8.39% Added +5.0m +5,040,373
29 ASSETMARK, INC 1.54% of their portfolio CONCORD, CA 7,388,9457.4m $559.0m $559.0m 1.54% Added +32.8k +32,765
30 KEYBANK NATIONAL ASSOCIATION/OH 2.19% of their portfolio BROOKLYN, OH 7,221,9237.2m $546.3m $546.3m 2.19% Added +288.9k +288,872
31 AVANTAX ADVISORY SERVICES, INC. 3.03% of their portfolio DALLAS, TX 6,590,9686.6m $498.6m $498.6m 3.03% Added +247.9k +247,909
32 State of New Jersey Common Pension Fund D 2.19% of their portfolio TRENTON, NJ 6,424,5876.4m $486.0m $486.0m 2.19% Unchanged
33 ALLIANCEBERNSTEIN L.P. 0.18% of their portfolio NASHVILLE, TN 6,396,4246.4m $483.9m $483.9m 0.18% Reduced -510.2k -510,169
34 Ballentine Partners, LLC 7.93% of their portfolio Waltham, MA 6,046,7836.0m $457.4m $457.4m 7.93% Added +79.9k +79,896
35 Baird Financial Group, Inc. 0.84% of their portfolio MILWAUKEE, WI 5,755,4955.8m $435.4m $435.4m 0.84% Added +296.2k +296,166
36 FRANKLIN RESOURCES INC 0.12% of their portfolio San Mateo, CA 5,435,7905.4m $411.2m $411.2m 0.12% Added +44.1k +44,120
37 HighTower Advisors, LLC 0.50% of their portfolio CHICAGO, IL 4,849,7054.8m $366.9m $366.9m 0.50% Added +193.7k +193,677
38 Cresset Asset Management, LLC 1.82% of their portfolio Chicago, IL 4,795,9574.8m $362.8m $362.8m 1.82% Added +243.1k +243,120
39 UNITED CAPITAL FINANCIAL ADVISORS, LLC 3.08% of their portfolio IRVING, TX 4,747,2454.7m $359.1m $359.1m 3.08% Added +390.1k +390,071
40 JANE STREET GROUP, LLC 0.63% of their portfolio NEW YORK, NY 4,660,4694.7m $352.6m $352.6m 0.63% Added +59.3k +59,297
41 MACQUARIE GROUP LTD 0.41% of their portfolio Sydney, NSW 2000, C3 4,380,3824.4m $331.4m $331.4m 0.41% Added +1.1m +1,050,874
42 Fiduciary Trust Co 4.18% of their portfolio Boston, MA 4,218,2454.2m $319.1m $319.1m 4.18% Reduced -84.0k -83,969
43 MISSION WEALTH MANAGEMENT, LP 7.97% of their portfolio Santa Barbara, CA 4,196,7054.2m $317.5m $317.5m 7.97% Added +302.3k +302,306
44 Allspring Global Investments Holdings, LLC 0.55% of their portfolio CHARLOTTE, NC 4,184,3244.2m $317.3m $317.3m 0.55% Reduced -200.8k -200,830
45 Mill Creek Capital Advisors, LLC 7.48% of their portfolio Conshohocken, PA 4,083,8694.1m $308.9m $308.9m 7.48% Added +315.6k +315,573
46 SEI INVESTMENTS CO 0.38% of their portfolio OAKS, PA 3,896,0323.9m $294.7m $294.7m 0.38% Reduced -70.4k -70,414
47 Cetera Investment Advisers 0.54% of their portfolio SCHAUMBURG, IL 3,718,3853.7m $281.3m $281.3m 0.54% Added +290.3k +290,314
48 Hirtle & Co., LLC 10.71% of their portfolio WEST CONSHOHOCKEN, PA 3,636,3843.6m $275.1m $275.1m 10.71% Added +8.0k +8,010
49 PRUDENTIAL FINANCIAL INC 0.39% of their portfolio NEWARK, NJ 3,610,3413.6m $273.1m $273.1m 0.39% Reduced -1.6m -1,556,717
50 Pure Financial Advisors, LLC 5.65% of their portfolio SAN DIEGO, CA 3,572,1043.6m $270.2m $270.2m 5.65% Added +242.6k +242,575
51 COMMONWEALTH EQUITY SERVICES, LLC 0.38% of their portfolio WALTHAM, MA 3,561,0433.6m $269.4m $269.4m 0.38% Added +481.2k +481,168
52 NATIONAL BANK OF CANADA /FI/ 0.31% of their portfolio MONTREAL, A8 3,509,1493.5m $265.4m $265.4m 0.31% Added +2.7m +2,651,047
53 Modera Wealth Management, LLC 3.59% of their portfolio WESTWOOD, NJ 3,503,2733.5m $265.0m $265.0m 3.59% Added +138.0k +138,010
54 Dynasty Wealth Management, LLC 4.24% of their portfolio ST. PETERSBURG, FL 3,360,5773.4m $254.2m $254.2m 4.24% Reduced -304.0k -304,008
55 MML INVESTORS SERVICES, LLC 0.83% of their portfolio SPRINGFIELD, MA 3,278,2563.3m $248.0m $248.0m 0.83% Added +181.1k +181,145
56 SIGNATUREFD, LLC 4.66% of their portfolio ATLANTA, GA 3,249,1973.2m $245.8m $245.8m 4.66% Added +123.6k +123,639
57 FLPUTNAM INVESTMENT MANAGEMENT CO 4.60% of their portfolio PORTLAND, ME 3,245,6753.2m $245.5m $245.5m 4.60% Added +85.2k +85,164
58 Members Trust Co 8.32% of their portfolio TAMPA, FL 3,155,8443.2m $238.7m $238.7m 8.32% Added +48.6k +48,570
59 Stairway Partners, LLC 14.60% of their portfolio MINNEAPOLIS, MN 3,131,0923.1m $236.9m $236.9m 14.60% Reduced -8.4k -8,411
60 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 3,077,2393.1m $232.8m $232.8m 0.03% Reduced -258.5k -258,474
61 Bell Bank 12.37% of their portfolio FARGO, ND 3,029,9803.0m $229.2m $229.2m 12.37% Reduced -516.9k -516,865
62 Creative Planning 0.21% of their portfolio OVERLAND PARK, KS 2,910,9992.9m $220.2m $220.2m 0.21% Added +141.7k +141,686
63 Nationwide Fund Advisors 18.55% of their portfolio COLUMBUS, OH 2,875,3152.9m $217.5m $217.5m 18.55% Added +1.0m +1,005,358
64 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 2,808,9412.8m $212.5m $212.5m 0.04% Reduced -1.5m -1,490,517
65 Haverford Trust Co 2.11% of their portfolio Radnor, PA 2,771,8852.8m $209.7m $209.7m 2.11% Reduced -59.2k -59,191
66 GREENLEAF TRUST 1.91% of their portfolio KALAMAZOO, MI 2,771,5092.8m $209.7m $209.7m 1.91% Reduced -50.5k -50,528
67 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 2,667,9272.7m $201.8m $201.8m 0.04% Reduced -358.8k -358,808
68 FIFTH THIRD BANCORP 0.76% of their portfolio CINCINNATI, OH 2,633,5352.6m $199.2m $199.2m 0.76% Added +176.7k +176,701
69 First Command Advisory Services, Inc. 1.87% of their portfolio FORT WORTH, TX 2,579,9152.6m $195.2m $195.2m 1.87% Added +167.6k +167,598
70 BROWN BROTHERS HARRIMAN & CO 1.35% of their portfolio NEW YORK, NY 2,562,8882.6m $193.9m $193.9m 1.35% Added +103.8k +103,784
71 TD PRIVATE CLIENT WEALTH LLC 5.20% of their portfolio NEW YORK, NY 2,494,4142.5m $188.7m $188.7m 5.20% Added +273.8k +273,781
72 &PARTNERS 1.93% of their portfolio NASHVILLE, TN 2,373,5532.4m $181.7m $181.7m 1.93% Added +455.3k +455,254
73 CITIZENS FINANCIAL GROUP INC/RI 3.31% of their portfolio PROVIDENCE, RI 2,219,5542.2m $167.9m $167.9m 3.31% Added +40.6k +40,584
74 Matson Money. Inc. 6.00% of their portfolio MASON, OH 2,179,8572.2m $164.9m $164.9m 6.00% Added +6.7k +6,741
75 CKW FINANCIAL GROUP 20.66% of their portfolio HONOLULU, HI 2,179,6182.2m $165.3m $165.3m 20.66% Added +50.3k +50,271
76 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio NEW YORK, NY 2,094,0002.1m $158.4m $158.4m 0.04% Unchanged
77 Sanctuary Advisors, LLC 1.10% of their portfolio INDIANAPOLIS, IN 2,076,9272.1m $157.1m $157.1m 1.10% Added +177.2k +177,199
78 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.26% of their portfolio BALA CYNWYD, PA 2,075,9752.1m $157.0m $157.0m 0.26% Added +414.0k +414,044
79 Quotient Wealth Partners, LLC 5.00% of their portfolio DALLAS, TX 2,068,1302.1m $156.5m $156.5m 5.00% Reduced -79.5k -79,522
80 MIDLAND WEALTH ADVISORS, LLC 9.12% of their portfolio EFFINGHAM, IL 2,046,5412.0m $154.8m $154.8m 9.12% Added +25.9k +25,922
81 FIRST CITIZENS BANK & TRUST CO 3.92% of their portfolio RALEIGH, NC 2,039,3322.0m $154.3m $154.3m 3.92% Reduced -6.2m -6,236,612
82 Passaic Partners LLC 23.33% of their portfolio NEWARK, NJ 2,034,6002.0m $153.9m $153.9m 23.33% Reduced -9.3k -9,300
83 MAI Capital Management 1.16% of their portfolio INDEPENDENCE, OH 2,029,2112.0m $153.5m $153.5m 1.16% Reduced -6.7k -6,716
84 MONETA GROUP INVESTMENT ADVISORS LLC 2.11% of their portfolio ST LOUIS, MO 2,024,9592.0m $153.2m $153.2m 2.11% Added +5.9k +5,917
85 Investure, LLC 10.12% of their portfolio CHARLOTTESVILLE, VA 2,022,5232.0m $153.0m $153.0m 10.12% Added +1.3m +1,333,408
86 Venturi Wealth Management, LLC 7.94% of their portfolio AUSTIN, TX 2,014,5482.0m $152.4m $152.4m 7.94% Added +1.8m +1,768,285
87 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.29% of their portfolio PLYMOUTH, MN 2,006,3762.0m $151.8m $151.8m 0.29% Reduced -83.9k -83,945
88 GRIMES & Co WEALTH MANAGEMENT, LLC 4.64% of their portfolio WESTBOROUGH, MA 1,985,5082.0m $150.2m $150.2m 4.64% Added +1.5m +1,475,731
89 Retirement Investment Advisors, Inc. 14.89% of their portfolio OKLAHOMA CITY, OK 1,943,7621.9m $147.0m $147.0m 14.89% Added +122.5k +122,508
90 Rockefeller Capital Management L.P. 0.35% of their portfolio NEW YORK, NY 1,891,0221.9m $143.1m $143.1m 0.35% Added +244.8k +244,750
91 Avidian Wealth Enterprises, LLC 6.31% of their portfolio Houston, TX 1,873,5071.9m $141.7m $141.7m 6.31% Reduced -250.5k -250,474
92 Dixon Mitchell Investment Counsel Inc. 6.34% of their portfolio VANCOUVER, A1 1,857,8341.9m $140.5m $140.5m 6.34% Added +1.1m +1,078,595
93 Nuveen, LLC 0.04% of their portfolio CHARLOTTE, NC 1,855,2331.9m $140.3m $140.3m 0.04% First filing
94 Focus Partners Wealth 0.35% of their portfolio ST LOUIS, MO 1,828,7731.8m $138.3m $138.3m 0.35% Reduced -2.9m -2,889,281
95 HALBERT HARGROVE GLOBAL ADVISORS, LLC 7.87% of their portfolio LONG BEACH, CA 1,826,0961.8m $138.1m $138.1m 7.87% Reduced -7.5k -7,496
96 Connecticut Wealth Management, LLC 7.03% of their portfolio FARMINGTON, CT 1,774,4411.8m $134.2m $134.2m 7.03% Added +92.2k +92,200
97 Heritage Wealth Advisors 6.61% of their portfolio RICHMOND, VA 1,725,0791.7m $130.5m $130.5m 6.61% Reduced -7.6k -7,601
98 First Business Financial Services, Inc. 12.73% of their portfolio MADISON, WI 1,710,9501.7m $129.4m $129.4m 12.73% Added +46.9k +46,874
99 Alesco Advisors, LLC, An ESL Co 3.86% of their portfolio Pittsford, NY 1,626,6091.6m $123.1m $123.1m 3.86% Reduced -18.5k -18,462
100 SCS Capital Management LLC 1.54% of their portfolio BOSTON, MA 1,602,4441.6m $121.2m $121.2m 1.54% Added +1.4m +1,407,929