Vault-13

ISHARES TR IEFA

CORE MSCI EAFE · ETP · CUSIP 46432F842

2,110 institutional holders +69 vs Q1 2025
1,457,757,4551.5bn shares reported held*
$121.5bnreported value*
151 new 1,004 added 708 reduced 70 sold out net bought ≈ $1.9bn (+22.6m 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 ($185.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $83.38. Options: 5 managers hold calls ($8.6m notional), 6 hold puts ($3.1m).

Trends to Q2 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: 2,041Q2 25: 2,1102,110Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 20252,110

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 23: 796 bought or addedQ3 23: 630 cut or sold outQ4 23: 825 bought or addedQ4 23: 673 cut or sold outQ4 23Q1 24: 872 bought or addedQ1 24: 724 cut or sold outQ2 24: 953 bought or addedQ2 24: 685 cut or sold outQ2 24Q3 24: 900 bought or addedQ3 24: 716 cut or sold outQ4 24: 1,015 bought or addedQ4 24: 698 cut or sold outQ4 24Q1 25: 929 bought or addedQ1 25: 872 cut or sold outQ2 25: 1,155 bought or addedQ2 25: 778 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023796630
Q4 2023825673
Q1 2024872724
Q2 2024953685
Q3 2024900716
Q4 20241,015698
Q1 2025929872
Q2 20251,155778

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 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 0.10Q2 25 calls: $8.6mQ2 25 puts: $3.1mQ2 25P/C 0.37
Numbers
QuarterCallsPutsP/C
Q3 2024$12.4m$4.1m0.33
Q4 2024$5.7m$421.7k0.07
Q1 2025$7.6m$801.0k0.10
Q2 2025$8.6m$3.1m0.37

Biggest buyers

ROYAL BANK OF CANADA Added +10,627,034+10.6m
BANK OF AMERICA CORP /DE/ Added +5,414,037+5.4m
NATIONAL BANK OF CANADA /FI/ Added +4,940,406+4.9m
TRUIST FINANCIAL CORP Added +4,362,206+4.4m
ENVESTNET ASSET MANAGEMENT INC Added +3,675,689+3.7m
AMERIPRISE FINANCIAL INC Added +2,956,387+3.0m
Rockefeller Capital Management L.P. Added +2,212,568+2.2m
MORGAN STANLEY Added +2,052,665+2.1m
Aptus Capital Advisors, LLC Added +1,942,058+1.9m
Cerity Partners LLC Added +1,848,563+1.8m

Biggest sellers

Alaska Permanent Fund Corp Sold out -7,583,471-7.6m
State of New Jersey Common Pension Fund D Sold out -6,424,587-6.4m
JANE STREET GROUP, LLC Sold out -4,660,469-4.7m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -3,865,180-3.9m
GOLDMAN SACHS GROUP INC Reduced -3,586,933-3.6m
BANK OF MONTREAL /CAN/ Reduced -3,477,733-3.5m
UBS Group AG Reduced -2,252,811-2.3m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -1,988,600-2.0m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -1,400,503-1.4m
CX Institutional Reduced -1,310,953-1.3m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.6m66.6k shares
JANE STREET GROUP, LLC Added $1.7m20.5k shares
WOLVERINE TRADING, LLC New $599.8k7.2k shares
CITADEL ADVISORS LLC Reduced $367.3k4.4k shares
Cubist Systematic Strategies, LLC New $317.2k3.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.4m17.2k shares
Cubist Systematic Strategies, LLC New $717.9k8.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $676.2k8.1k shares
WOLVERINE TRADING, LLC New $299.9k3.6k shares
OSAIC HOLDINGS, INC. Unchanged $101 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 1.48% of their portfolio CHARLOTTE, NC 220,025,516220.0m $18.4bn $18.4bn 1.48% Added +5.4m +5,414,037
2 MORGAN STANLEY 0.54% of their portfolio NEW YORK, NY 98,621,24998.6m $8.2bn $8.2bn 0.54% Added +2.1m +2,052,665
3 JONES FINANCIAL COMPANIES LLLP 5.67% of their portfolio DES PERES, MO 89,703,23989.7m $7.5bn $7.5bn 5.67% Added +468.1k +468,051
4 WELLS FARGO & COMPANY/MN 1.32% of their portfolio SAN FRANCISCO, CA 71,891,27371.9m $6.0bn $6.0bn 1.32% Added +244.7k +244,726
5 TIAA TRUST, NATIONAL ASSOCIATION 10.16% of their portfolio CHARLOTTE, NC 46,789,57246.8m $3.9bn $3.9bn 10.16% Reduced -3.9m -3,865,180
6 ENVESTNET ASSET MANAGEMENT INC 0.98% of their portfolio Berwyn, PA 40,235,70440.2m $3.4bn $3.4bn 0.98% Added +3.7m +3,675,689
7 RAYMOND JAMES FINANCIAL INC 1.12% of their portfolio ST. PETERSBURG, FL 38,892,51738.9m $3.2bn $3.2bn 1.12% Added +1.1m +1,109,663
8 LPL Financial LLC 1.06% of their portfolio FORT MILL, SC 37,945,26737.9m $3.2bn $3.2bn 1.06% Added +1.7m +1,722,771
9 US BANCORP \DE\ 3.61% of their portfolio MINNEAPOLIS, MN 34,386,26434.4m $2.9bn $2.9bn 3.61% Added +239.1k +239,082
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 1.99% of their portfolio MILWAUKEE, WI 32,755,82932.8m $2.7bn $2.7bn 1.99% Reduced -1.4m -1,400,503
11 Bank of New York Mellon Corp 0.51% of their portfolio NEW YORK, NY 32,560,68732.6m $2.7bn $2.7bn 0.51% Added +284.3k +284,262
12 BlackRock, Inc. 0.05% of their portfolio New York, NY 32,186,59832.2m $2.7bn $2.7bn 0.05% Added +648.5k +648,503
13 FMR LLC 0.11% of their portfolio BOSTON, MA 22,985,95523.0m $1.9bn $1.9bn 0.11% Reduced -372.1k -372,137
14 GOLDMAN SACHS GROUP INC 0.29% of their portfolio NEW YORK, NY 21,235,92621.2m $1.8bn $1.8bn 0.29% Reduced -3.6m -3,586,933
15 UBS Group AG 0.36% of their portfolio ZURICH, V8 20,884,11420.9m $1.7bn $1.7bn 0.36% Reduced -2.3m -2,252,811
16 ROYAL BANK OF CANADA 0.15% of their portfolio TORONTO, A6 18,347,32818.3m $1.5bn $1.5bn 0.15% Added +10.6m +10,627,034
17 JPMORGAN CHASE & CO 0.10% of their portfolio NEW YORK, NY 17,482,71717.5m $1.5bn $1.5bn 0.10% Added +213.9k +213,854
18 PNC Financial Services Group, Inc. 0.86% of their portfolio Pittsburgh, PA 16,039,61416.0m $1.3bn $1.3bn 0.86% Added +680.6k +680,572
19 TRUIST FINANCIAL CORP 1.87% of their portfolio CHARLOTTE, NC 15,245,91315.2m $1.3bn $1.3bn 1.87% Added +4.4m +4,362,206
20 M&T Bank Corp 4.06% of their portfolio BUFFALO, NY 14,151,32414.2m $1.2bn $1.2bn 4.06% Added +98.2k +98,234
21 AMERIPRISE FINANCIAL INC 0.25% of their portfolio MINNEAPOLIS, MN 12,158,46212.2m $1.0bn $1.0bn 0.25% Added +3.0m +2,956,387
22 Cerity Partners LLC 1.74% of their portfolio NEW YORK, NY 11,680,69411.7m $975.1m $975.1m 1.74% Added +1.8m +1,848,563
23 Betterment LLC 1.80% of their portfolio NEW YORK, NY 10,128,26210.1m $845.5m $845.5m 1.80% Reduced -544.3k -544,317
24 STIFEL FINANCIAL CORP 0.80% of their portfolio ST. LOUIS, MO 9,888,8909.9m $825.5m $825.5m 0.80% Reduced -266.7k -266,723
25 Mariner, LLC 1.08% of their portfolio Overland Park, KS 8,983,5049.0m $749.9m $749.9m 1.08% Added +335.5k +335,460
26 Envestnet Portfolio Solutions, Inc. 2.70% of their portfolio BERWYN, PA 8,802,0688.8m $734.8m $734.8m 2.70% Reduced -242.2k -242,241
27 NATIONAL BANK OF CANADA /FI/ 0.76% of their portfolio MONTREAL, A8 8,449,5558.4m $705.3m $705.3m 0.76% Added +4.9m +4,940,406
28 KEYBANK NATIONAL ASSOCIATION/OH 2.56% of their portfolio BROOKLYN, OH 8,239,4618.2m $687.8m $687.8m 2.56% Added +1.0m +1,017,538
29 ASSETMARK, INC 1.49% of their portfolio CONCORD, CA 7,582,4627.6m $633.0m $633.0m 1.49% Added +193.5k +193,517
30 AVANTAX ADVISORY SERVICES, INC. 3.02% of their portfolio DALLAS, TX 6,585,5586.6m $549.8m $549.8m 3.02% Reduced -5.4k -5,410
31 ALLIANCEBERNSTEIN L.P. 0.18% of their portfolio NASHVILLE, TN 6,570,2646.6m $548.5m $548.5m 0.18% Added +173.8k +173,840
32 BANK OF MONTREAL /CAN/ 0.27% of their portfolio TORONTO, A6 6,519,6796.5m $544.3m $544.3m 0.27% Reduced -3.5m -3,477,733
33 Ballentine Partners, LLC 8.01% of their portfolio Waltham, MA 6,366,2756.4m $531.5m $531.5m 8.01% Added +319.5k +319,492
34 Baird Financial Group, Inc. 0.79% of their portfolio MILWAUKEE, WI 5,407,9085.4m $451.5m $451.5m 0.79% Reduced -347.6k -347,587
35 FRANKLIN RESOURCES INC 0.12% of their portfolio San Mateo, CA 5,391,3015.4m $450.1m $450.1m 0.12% Reduced -44.5k -44,489
36 HighTower Advisors, LLC 0.51% of their portfolio CHICAGO, IL 4,892,4134.9m $408.4m $408.4m 0.51% Added +42.7k +42,708
37 UNITED CAPITAL FINANCIAL ADVISORS, LLC 3.29% of their portfolio IRVING, TX 4,871,8644.9m $406.7m $406.7m 3.29% Added +124.6k +124,619
38 Cresset Asset Management, LLC 1.97% of their portfolio Chicago, IL 4,711,7844.7m $393.3m $393.3m 1.97% Reduced -84.2k -84,173
39 Fiduciary Trust Co 4.62% of their portfolio Boston, MA 4,500,5994.5m $375.7m $375.7m 4.62% Added +282.4k +282,354
40 MISSION WEALTH MANAGEMENT, LP 8.09% of their portfolio Santa Barbara, CA 4,444,0404.4m $371.0m $371.0m 8.09% Added +247.3k +247,335
41 Allspring Global Investments Holdings, LLC 0.60% of their portfolio CHARLOTTE, NC 4,336,9864.3m $361.3m $361.3m 0.60% Added +152.7k +152,662
42 Pure Financial Advisors, LLC 6.12% of their portfolio SAN DIEGO, CA 4,163,0674.2m $347.5m $347.5m 6.12% Added +591.0k +590,963
43 Mill Creek Capital Advisors, LLC 7.65% of their portfolio Conshohocken, PA 4,133,5064.1m $345.1m $345.1m 7.65% Added +49.6k +49,637
44 Rockefeller Capital Management L.P. 0.40% of their portfolio NEW YORK, NY 4,103,5904.1m $342.6m $342.6m 0.40% Added +2.2m +2,212,568
45 FLPUTNAM INVESTMENT MANAGEMENT CO 5.84% of their portfolio PORTLAND, ME 4,076,3094.1m $340.3m $340.3m 5.84% Added +830.6k +830,634
46 Cetera Investment Advisers 0.56% of their portfolio SCHAUMBURG, IL 3,965,1684.0m $331.0m $331.0m 0.56% Added +246.8k +246,783
47 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 3,733,1623.7m $311.6m $311.6m 0.04% Added +655.9k +655,923
48 SEI INVESTMENTS CO 0.36% of their portfolio OAKS, PA 3,731,5823.7m $311.5m $311.5m 0.36% Reduced -164.4k -164,450
49 MML INVESTORS SERVICES, LLC 0.89% of their portfolio SPRINGFIELD, MA 3,676,4923.7m $306.9m $306.9m 0.89% Added +398.2k +398,236
50 Hirtle & Co., LLC 11.47% of their portfolio WEST CONSHOHOCKEN, PA 3,625,0843.6m $302.6m $302.6m 11.47% Reduced -11.3k -11,300
51 COMMONWEALTH EQUITY SERVICES, LLC 0.39% of their portfolio WALTHAM, MA 3,566,2163.6m $297.7m $297.7m 0.39% Added +5.2k +5,173
52 GRIMES & Co WEALTH MANAGEMENT, LLC 8.05% of their portfolio WESTBOROUGH, MA 3,542,2763.5m $295.7m $295.7m 8.05% Added +1.6m +1,556,768
53 Modera Wealth Management, LLC 3.57% of their portfolio WESTWOOD, NJ 3,450,3893.5m $288.0m $288.0m 3.57% Reduced -52.9k -52,884
54 Bell Bank 13.09% of their portfolio FARGO, ND 3,364,9153.4m $280.9m $280.9m 13.09% Added +334.9k +334,935
55 SIGNATUREFD, LLC 4.75% of their portfolio ATLANTA, GA 3,338,1163.3m $278.7m $278.7m 4.75% Added +88.9k +88,919
56 FIFTH THIRD BANCORP 0.94% of their portfolio CINCINNATI, OH 3,270,3183.3m $273.0m $273.0m 0.94% Added +636.8k +636,783
57 MACQUARIE GROUP LTD 0.33% of their portfolio Sydney, NSW 2000, C3 3,230,3953.2m $269.7m $269.7m 0.33% Reduced -1.1m -1,149,987
58 Stairway Partners, LLC 14.70% of their portfolio MINNEAPOLIS, MN 3,104,8633.1m $259.2m $259.2m 14.70% Reduced -26.2k -26,229
59 Members Trust Co 8.79% of their portfolio TAMPA, FL 3,055,9453.1m $255.1m $255.1m 8.79% Reduced -99.9k -99,899
60 Dynasty Wealth Management, LLC 4.27% of their portfolio ST. PETERSBURG, FL 3,005,1723.0m $250.9m $250.9m 4.27% Reduced -355.4k -355,405
61 Haverford Trust Co 2.25% of their portfolio Radnor, PA 2,838,1722.8m $236.9m $236.9m 2.25% Added +66.3k +66,287
62 MERCER GLOBAL ADVISORS INC /ADV 0.52% of their portfolio DENVER, CO 2,764,4542.8m $230.8m $230.8m 0.52% Added +1.3m +1,253,181
63 GREENLEAF TRUST 2.03% of their portfolio KALAMAZOO, MI 2,756,6932.8m $230.1m $230.1m 2.03% Reduced -14.8k -14,816
64 Creative Planning 0.20% of their portfolio OVERLAND PARK, KS 2,744,1722.7m $229.1m $229.1m 0.20% Reduced -166.8k -166,827
65 &PARTNERS 1.76% of their portfolio NASHVILLE, TN 2,742,0032.7m $229.2m $229.2m 1.76% Added +368.4k +368,450
66 PRUDENTIAL FINANCIAL INC 0.29% of their portfolio NEWARK, NJ 2,659,4912.7m $222.0m $222.0m 0.29% Reduced -950.9k -950,850
67 TD PRIVATE CLIENT WEALTH LLC 5.43% of their portfolio NEW YORK, NY 2,649,3442.6m $221.2m $221.2m 5.43% Added +154.9k +154,930
68 RiverFront Investment Group, LLC 4.29% of their portfolio RICHMOND, VA 2,632,5952.6m $219.8m $219.8m 4.29% Added +1.7m +1,699,453
69 Nationwide Fund Advisors 12.11% of their portfolio COLUMBUS, OH 2,591,5262.6m $216.3m $216.3m 12.11% Reduced -283.8k -283,789
70 First Command Advisory Services, Inc. 1.85% of their portfolio FORT WORTH, TX 2,575,4262.6m $215.0m $215.0m 1.85% Reduced -4.5k -4,489
71 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.35% of their portfolio PLYMOUTH, MN 2,555,2982.6m $213.5m $213.5m 0.35% Added +548.9k +548,922
72 Heritage Wealth Advisors 9.80% of their portfolio RICHMOND, VA 2,470,8192.5m $206.3m $206.3m 9.80% Added +745.7k +745,740
73 BROWN BROTHERS HARRIMAN & CO 1.32% of their portfolio NEW YORK, NY 2,463,0062.5m $205.6m $205.6m 1.32% Reduced -99.9k -99,882
74 OSAIC HOLDINGS, INC. 0.35% of their portfolio SCOTTSDALE, AZ 2,390,4822.4m $195.6m $195.6m 0.35% Added +959.0k +959,034
75 WELLINGTON MANAGEMENT GROUP LLP 0.04% of their portfolio Boston, MA 2,338,4902.3m $195.2m $195.2m 0.04% Reduced -329.4k -329,437
76 CITIZENS FINANCIAL GROUP INC/RI 3.01% of their portfolio PROVIDENCE, RI 2,240,9622.2m $187.1m $187.1m 3.01% Added +21.4k +21,408
77 MAI Capital Management 1.27% of their portfolio INDEPENDENCE, OH 2,188,2602.2m $182.7m $182.7m 1.27% Added +159.0k +159,049
78 Matson Money. Inc. 6.30% of their portfolio MASON, OH 2,179,3352.2m $181.9m $181.9m 6.30% Reduced -522 -522
79 CKW FINANCIAL GROUP 20.71% of their portfolio HONOLULU, HI 2,161,6722.2m $180.1m $180.1m 20.71% Reduced -17.9k -17,946
80 MONETA GROUP INVESTMENT ADVISORS LLC 2.13% of their portfolio ST LOUIS, MO 2,139,1182.1m $178.6m $178.6m 2.13% Added +114.2k +114,159
81 Sanctuary Advisors, LLC 1.09% of their portfolio INDIANAPOLIS, IN 2,104,7252.1m $175.7m $175.7m 1.09% Added +27.8k +27,798
82 Focus Partners Wealth 0.38% of their portfolio ST LOUIS, MO 2,102,0372.1m $175.5m $175.5m 0.38% Added +273.3k +273,264
83 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio NEW YORK, NY 2,094,0002.1m $174.8m $174.8m 0.04% Unchanged
84 Quotient Wealth Partners, LLC 5.13% of their portfolio DALLAS, TX 2,087,6162.1m $174.3m $174.3m 5.13% Added +19.5k +19,486
85 MIDLAND WEALTH ADVISORS, LLC 9.46% of their portfolio EFFINGHAM, IL 2,051,2442.1m $171.2m $171.2m 9.46% Added +4.7k +4,703
86 Balentine LLC 6.62% of their portfolio ATLANTA, GA 2,036,7702.0m $170.0m $170.0m 6.62% Added +1.8m +1,826,562
87 Retirement Investment Advisors, Inc. 15.19% of their portfolio OKLAHOMA CITY, OK 2,022,6692.0m $168.9m $168.9m 15.19% Added +78.9k +78,907
88 Passaic Partners LLC 20.37% of their portfolio NEWARK, NJ 2,017,5002.0m $168.4m $168.4m 20.37% Reduced -17.1k -17,100
89 Aptus Capital Advisors, LLC 1.65% of their portfolio FAIRHOPE, AL 1,997,0642.0m $166.7m $166.7m 1.65% Added +1.9m +1,942,058
90 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 1,961,7912.0m $163.8m $163.8m 0.03% Reduced -847.1k -847,150
91 Dixon Mitchell Investment Counsel Inc. 6.35% of their portfolio VANCOUVER, A1 1,957,5832.0m $163.4m $163.4m 6.35% Added +99.7k +99,749
92 Avidian Wealth Enterprises, LLC 6.52% of their portfolio Houston, TX 1,919,4241.9m $160.2m $160.2m 6.52% Added +45.9k +45,917
93 Investure, LLC 12.19% of their portfolio CHARLOTTESVILLE, VA 1,914,4451.9m $159.8m $159.8m 12.19% Reduced -108.1k -108,078
94 Connecticut Wealth Management, LLC 7.60% of their portfolio FARMINGTON, CT 1,911,6291.9m $159.6m $159.6m 7.60% Added +137.2k +137,188
95 FIRST CITIZENS BANK & TRUST CO 2.84% of their portfolio RALEIGH, NC 1,880,1081.9m $157.0m $157.0m 2.84% Reduced -159.2k -159,224
96 Nuveen, LLC 0.04% of their portfolio CHARLOTTE, NC 1,855,2331.9m $154.9m $154.9m 0.04% Unchanged
97 HALBERT HARGROVE GLOBAL ADVISORS, LLC 7.91% of their portfolio LONG BEACH, CA 1,803,2531.8m $150.5m $150.5m 7.91% Reduced -22.8k -22,843
98 CHOREO, LLC 2.01% of their portfolio ROCKFORD, IL 1,728,2861.7m $144.3m $144.3m 2.01% Added +328.2k +328,167
99 First Business Financial Services, Inc. 12.82% of their portfolio MADISON, WI 1,703,0051.7m $142.2m $142.2m 12.82% Reduced -7.9k -7,945
100 1832 Asset Management L.P. 0.24% of their portfolio TORONTO, A6 1,656,1191.7m $138.3m $138.3m 0.24% Added +684.5k +684,548