Vault-13

ISHARES TR IEFA

CORE MSCI EAFE · ETP · CUSIP 46432F842

2,136 institutional holders +26 vs Q2 2025
1,511,882,4591.5bn shares reported held*
$131.7bnreported value*
111 new 951 added 722 reduced 74 sold out net bought ≈ $5.4bn (+62.8m 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 ($191.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $87.11. Options: 4 managers hold calls ($9.2m notional), 6 hold puts ($2.2m).

Trends to Q3 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: 2,110Q3 25: 2,1362,136Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 20252,136

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ4 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 25Q2 25: 1,155 bought or addedQ2 25: 778 cut or sold outQ3 25: 1,062 bought or addedQ3 25: 796 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023825673
Q1 2024872724
Q2 2024953685
Q3 2024900716
Q4 20241,015698
Q1 2025929872
Q2 20251,155778
Q3 20251,062796

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ4 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 0.37Q3 25 calls: $9.2mQ3 25 puts: $2.2mQ3 25P/C 0.24
Numbers
QuarterCallsPutsP/C
Q4 2024$5.7m$421.7k0.07
Q1 2025$7.6m$801.0k0.10
Q2 2025$8.6m$3.1m0.37
Q3 2025$9.2m$2.2m0.24

Biggest buyers

JPMORGAN CHASE & CO Added +17,537,299+17.5m
BANK OF MONTREAL /CAN/ Added +7,107,210+7.1m
JONES FINANCIAL COMPANIES LLLP Added +6,837,301+6.8m
Cetera Investment Advisers Added +6,532,025+6.5m
BANK OF AMERICA CORP /DE/ Added +4,837,732+4.8m
WELLS FARGO & COMPANY/MN Added +4,329,141+4.3m
VANTAGEPOINT INVESTMENT ADVISERS LLC New +4,184,118+4.2m
GOLDMAN SACHS GROUP INC Added +2,186,944+2.2m
Steward Partners Investment Advisory, LLC Added +2,013,662+2.0m
Sanctuary Advisors, LLC Added +1,982,673+2.0m

Biggest sellers

ROYAL BANK OF CANADA Reduced -9,443,668-9.4m
NATIONAL BANK OF CANADA /FI/ Reduced -8,257,105-8.3m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sold out -2,094,000-2.1m
Rockefeller Capital Management L.P. Reduced -1,940,508-1.9m
RAYMOND JAMES FINANCIAL INC Reduced -1,383,276-1.4m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,145,635-1.1m
NORTHERN TRUST CORP Reduced -970,112-970.1k
WELLINGTON MANAGEMENT GROUP LLP Reduced -780,011-780.0k
Strategic Investment Advisors / MI Reduced -582,172-582.2k
VICUS CAPITAL Reduced -552,830-552.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.8m66.5k shares
JANE STREET GROUP, LLC Reduced $1.5m17.0k shares
WOLVERINE TRADING, LLC Added $1.3m14.5k shares
CITADEL ADVISORS LLC Added $681.0k7.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.1m13.0k shares
CITADEL ADVISORS LLC Reduced $375.4k4.3k shares
Cubist Systematic Strategies, LLC Reduced $296.9k3.4k shares
WOLVERINE TRADING, LLC Reduced $208.6k2.4k shares
Smith & Howard Wealth Management, LLC New $183.4k2.2k shares
OSAIC HOLDINGS, INC. Unchanged $01 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 1.47% of their portfolio CHARLOTTE, NC 224,863,248224.9m $19.6bn $19.6bn 1.47% Added +4.8m +4,837,732
2 MORGAN STANLEY 0.53% of their portfolio NEW YORK, NY 99,990,935100.0m $8.7bn $8.7bn 0.53% Added +1.4m +1,369,686
3 JONES FINANCIAL COMPANIES LLLP 5.69% of their portfolio DES PERES, MO 96,540,54096.5m $8.4bn $8.4bn 5.69% Added +6.8m +6,837,301
4 WELLS FARGO & COMPANY/MN 1.36% of their portfolio SAN FRANCISCO, CA 76,220,41476.2m $6.7bn $6.7bn 1.36% Added +4.3m +4,329,141
5 TIAA TRUST, NATIONAL ASSOCIATION 10.05% of their portfolio CHARLOTTE, NC 47,576,49047.6m $4.1bn $4.1bn 10.05% Added +786.9k +786,918
6 ENVESTNET ASSET MANAGEMENT INC 0.98% of their portfolio Berwyn, PA 39,090,06939.1m $3.4bn $3.4bn 0.98% Reduced -1.1m -1,145,635
7 LPL Financial LLC 0.99% of their portfolio FORT MILL, SC 38,989,20139.0m $3.4bn $3.4bn 0.99% Added +1.0m +1,043,934
8 RAYMOND JAMES FINANCIAL INC 1.05% of their portfolio ST. PETERSBURG, FL 37,509,24137.5m $3.3bn $3.3bn 1.05% Reduced -1.4m -1,383,276
9 US BANCORP \DE\ 3.67% of their portfolio MINNEAPOLIS, MN 35,451,67935.5m $3.1bn $3.1bn 3.67% Added +1.1m +1,065,415
10 JPMORGAN CHASE & CO 0.10% of their portfolio NEW YORK, NY 35,020,01635.0m $3.1bn $3.1bn 0.10% Added +17.5m +17,537,299
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 1.98% of their portfolio MILWAUKEE, WI 33,954,85334.0m $3.0bn $3.0bn 1.98% Added +1.2m +1,199,024
12 Bank of New York Mellon Corp 0.53% of their portfolio NEW YORK, NY 33,603,08933.6m $2.9bn $2.9bn 0.53% Added +1.0m +1,042,402
13 BlackRock, Inc. 0.05% of their portfolio New York, NY 32,609,23832.6m $2.8bn $2.8bn 0.05% Added +422.6k +422,640
14 FMR LLC 0.11% of their portfolio BOSTON, MA 24,767,40324.8m $2.2bn $2.2bn 0.11% Added +1.8m +1,781,448
15 GOLDMAN SACHS GROUP INC 0.30% of their portfolio NEW YORK, NY 23,422,87023.4m $2.0bn $2.0bn 0.30% Added +2.2m +2,186,944
16 UBS Group AG 0.36% of their portfolio ZURICH, V8 21,274,30721.3m $1.9bn $1.9bn 0.36% Added +390.2k +390,193
17 PNC Financial Services Group, Inc. 0.87% of their portfolio Pittsburgh, PA 16,362,80016.4m $1.4bn $1.4bn 0.87% Added +323.2k +323,186
18 TRUIST FINANCIAL CORP 1.93% of their portfolio CHARLOTTE, NC 16,324,11116.3m $1.4bn $1.4bn 1.93% Added +1.1m +1,078,198
19 M&T Bank Corp 4.04% of their portfolio BUFFALO, NY 13,765,06013.8m $1.2bn $1.2bn 4.04% Reduced -386.3k -386,264
20 BANK OF MONTREAL /CAN/ 0.50% of their portfolio TORONTO, A6 13,626,88913.6m $1.2bn $1.2bn 0.50% Added +7.1m +7,107,210
21 AMERIPRISE FINANCIAL INC 0.26% of their portfolio MINNEAPOLIS, MN 12,815,73812.8m $1.1bn $1.1bn 0.26% Added +657.3k +657,276
22 Cerity Partners LLC 1.64% of their portfolio NEW YORK, NY 11,600,72411.6m $1.0bn $1.0bn 1.64% Reduced -80.0k -79,970
23 Cetera Investment Advisers 1.07% of their portfolio SCHAUMBURG, IL 10,497,19310.5m $916.5m $916.5m 1.07% Added +6.5m +6,532,025
24 STIFEL FINANCIAL CORP 0.82% of their portfolio ST. LOUIS, MO 10,305,42010.3m $899.8m $899.8m 0.82% Added +416.5k +416,530
25 Betterment LLC 1.70% of their portfolio NEW YORK, NY 9,866,9209.9m $861.5m $861.5m 1.70% Reduced -261.3k -261,342
26 Mariner, LLC 1.04% of their portfolio Overland Park, KS 9,251,7509.3m $807.7m $807.7m 1.04% Added +268.2k +268,246
27 ROYAL BANK OF CANADA 0.14% of their portfolio TORONTO, A6 8,903,6608.9m $777.4m $777.4m 0.14% Reduced -9.4m -9,443,668
28 Envestnet Portfolio Solutions, Inc. 2.83% of their portfolio BERWYN, PA 8,798,8518.8m $768.2m $768.2m 2.83% Reduced -3.2k -3,217
29 KEYBANK NATIONAL ASSOCIATION/OH 2.66% of their portfolio BROOKLYN, OH 8,668,1358.7m $756.8m $756.8m 2.66% Added +428.7k +428,674
30 ASSETMARK, INC 1.50% of their portfolio CONCORD, CA 8,040,6398.0m $702.0m $702.0m 1.50% Added +458.2k +458,177
31 ALLIANCEBERNSTEIN L.P. 0.18% of their portfolio NASHVILLE, TN 6,571,5016.6m $573.8m $573.8m 0.18% Added +1.2k +1,237
32 Ballentine Partners, LLC 7.89% of their portfolio Waltham, MA 6,504,4426.5m $567.9m $567.9m 7.89% Added +138.2k +138,167
33 Baird Financial Group, Inc. 0.79% of their portfolio MILWAUKEE, WI 5,634,4595.6m $491.9m $491.9m 0.79% Added +226.6k +226,551
34 FRANKLIN RESOURCES INC 0.11% of their portfolio San Mateo, CA 5,193,3635.2m $453.4m $453.4m 0.11% Reduced -197.9k -197,938
35 Cresset Asset Management, LLC 1.97% of their portfolio Chicago, IL 5,125,2985.1m $447.5m $447.5m 1.97% Added +413.5k +413,514
36 UNITED CAPITAL FINANCIAL ADVISORS, LLC 3.10% of their portfolio IRVING, TX 4,940,9674.9m $431.4m $431.4m 3.10% Added +69.1k +69,103
37 FLPUTNAM INVESTMENT MANAGEMENT CO 6.32% of their portfolio PORTLAND, ME 4,843,9514.8m $422.9m $422.9m 6.32% Added +767.6k +767,642
38 HighTower Advisors, LLC 0.48% of their portfolio CHICAGO, IL 4,803,0754.8m $419.4m $419.4m 0.48% Reduced -89.3k -89,338
39 MISSION WEALTH MANAGEMENT, LP 8.12% of their portfolio Santa Barbara, CA 4,546,4104.5m $396.9m $396.9m 8.12% Added +102.4k +102,370
40 Fiduciary Trust Co 4.49% of their portfolio Boston, MA 4,544,0654.5m $396.7m $396.7m 4.49% Added +43.5k +43,466
41 Mill Creek Capital Advisors, LLC 7.90% of their portfolio Conshohocken, PA 4,395,2254.4m $383.7m $383.7m 7.90% Added +261.7k +261,719
42 Pure Financial Advisors, LLC 6.07% of their portfolio SAN DIEGO, CA 4,361,0624.4m $380.8m $380.8m 6.07% Added +198.0k +197,995
43 MERCER GLOBAL ADVISORS INC /ADV 0.61% of their portfolio DENVER, CO 4,220,1734.2m $368.5m $368.5m 0.61% Added +1.5m +1,455,719
44 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.98% of their portfolio WASHINGTON, DC 4,184,1184.2m $365.3m $365.3m 2.98% New
45 Sanctuary Advisors, LLC 1.01% of their portfolio INDIANAPOLIS, IN 4,087,3984.1m $332.7m $332.7m 1.01% Added +2.0m +1,982,673
46 Allspring Global Investments Holdings, LLC 0.56% of their portfolio CHARLOTTE, NC 3,956,1154.0m $347.7m $347.7m 0.56% Reduced -380.9k -380,871
47 Hirtle & Co., LLC 11.39% of their portfolio WEST CONSHOHOCKEN, PA 3,711,8933.7m $324.1m $324.1m 11.39% Added +86.8k +86,809
48 SEI INVESTMENTS CO 0.35% of their portfolio OAKS, PA 3,705,6253.7m $323.5m $323.5m 0.35% Reduced -26.0k -25,957
49 Dynasty Wealth Management, LLC 4.17% of their portfolio ST. PETERSBURG, FL 3,579,2543.6m $312.5m $312.5m 4.17% Added +574.1k +574,082
50 MML INVESTORS SERVICES, LLC 0.83% of their portfolio SPRINGFIELD, MA 3,542,4473.5m $309.3m $309.3m 0.83% Reduced -134.0k -134,045
51 GRIMES & Co WEALTH MANAGEMENT, LLC 7.63% of their portfolio WESTBOROUGH, MA 3,539,4463.5m $309.0m $309.0m 7.63% Reduced -2.8k -2,830
52 Modera Wealth Management, LLC 3.58% of their portfolio WESTWOOD, NJ 3,538,4733.5m $308.9m $308.9m 3.58% Added +88.1k +88,084
53 FIFTH THIRD BANCORP 0.98% of their portfolio CINCINNATI, OH 3,516,7613.5m $307.0m $307.0m 0.98% Added +246.4k +246,443
54 COMMONWEALTH EQUITY SERVICES, LLC 0.40% of their portfolio WALTHAM, MA 3,515,7903.5m $307.0m $307.0m 0.40% Reduced -50.4k -50,426
55 Bell Bank 13.01% of their portfolio FARGO, ND 3,440,6743.4m $300.4m $300.4m 13.01% Added +75.8k +75,759
56 SIGNATUREFD, LLC 4.72% of their portfolio ATLANTA, GA 3,427,5993.4m $299.3m $299.3m 4.72% Added +89.5k +89,483
57 MACQUARIE GROUP LTD 0.34% of their portfolio Sydney, NSW 2000, C3 3,367,5043.4m $294.0m $294.0m 0.34% Added +137.1k +137,109
58 Stairway Partners, LLC 14.62% of their portfolio MINNEAPOLIS, MN 3,152,3823.2m $275.2m $275.2m 14.62% Added +47.5k +47,519
59 Members Trust Co 8.79% of their portfolio TAMPA, FL 3,060,9203.1m $267.2m $267.2m 8.79% Added +5.0k +4,975
60 Corient Private Wealth LP 0.20% of their portfolio MIAMI, FL 3,031,1633.0m $124.8m $124.8m 0.20% Added +1.5m +1,520,451
61 &PARTNERS 1.66% of their portfolio NASHVILLE, TN 2,973,3383.0m $259.5m $259.5m 1.66% Added +231.3k +231,335
62 TD PRIVATE CLIENT WEALTH LLC 5.62% of their portfolio NEW YORK, NY 2,855,1802.9m $249.3m $249.3m 5.62% Added +205.8k +205,836
63 Dixon Mitchell Investment Counsel Inc. 8.82% of their portfolio VANCOUVER, A1 2,841,1092.8m $248.1m $248.1m 8.82% Added +883.5k +883,526
64 Steward Partners Investment Advisory, LLC 1.42% of their portfolio STAMFORD, CT 2,839,6342.8m $247.9m $247.9m 1.42% Added +2.0m +2,013,662
65 Haverford Trust Co 2.22% of their portfolio Radnor, PA 2,820,9482.8m $246.3m $246.3m 2.22% Reduced -17.2k -17,224
66 PRUDENTIAL FINANCIAL INC 0.29% of their portfolio NEWARK, NJ 2,787,2122.8m $243.4m $243.4m 0.29% Added +127.7k +127,721
67 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 2,763,0502.8m $241.2m $241.2m 0.03% Reduced -970.1k -970,112
68 GREENLEAF TRUST 2.16% of their portfolio KALAMAZOO, MI 2,726,8232.7m $238.1m $238.1m 2.16% Reduced -29.9k -29,870
69 Creative Planning 0.18% of their portfolio OVERLAND PARK, KS 2,699,5932.7m $235.7m $235.7m 0.18% Reduced -44.6k -44,579
70 RiverFront Investment Group, LLC 4.11% of their portfolio RICHMOND, VA 2,678,4692.7m $233.9m $233.9m 4.11% Added +45.9k +45,874
71 OSAIC HOLDINGS, INC. 0.32% of their portfolio SCOTTSDALE, AZ 2,626,6742.6m $227.6m $227.6m 0.32% Added +236.2k +236,192
72 First Command Advisory Services, Inc. 1.63% of their portfolio FORT WORTH, TX 2,580,3022.6m $225.3m $225.3m 1.63% Added +4.9k +4,876
73 Heritage Wealth Advisors 9.80% of their portfolio RICHMOND, VA 2,563,3372.6m $223.8m $223.8m 9.80% Added +92.5k +92,518
74 BROWN BROTHERS HARRIMAN & CO 1.36% of their portfolio NEW YORK, NY 2,554,9712.6m $223.1m $223.1m 1.36% Added +92.0k +91,965
75 Nationwide Fund Advisors 12.26% of their portfolio COLUMBUS, OH 2,546,0052.5m $222.3m $222.3m 12.26% Reduced -45.5k -45,521
76 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.33% of their portfolio PLYMOUTH, MN 2,503,3462.5m $220.8m $220.8m 0.33% Reduced -52.0k -51,952
77 MONETA GROUP INVESTMENT ADVISORS LLC 1.63% of their portfolio ST LOUIS, MO 2,349,8672.3m $205.2m $205.2m 1.63% Added +210.7k +210,749
78 CITIZENS FINANCIAL GROUP INC/RI 2.72% of their portfolio PROVIDENCE, RI 2,276,1672.3m $198.7m $198.7m 2.72% Added +35.2k +35,205
79 MAI Capital Management 1.22% of their portfolio INDEPENDENCE, OH 2,233,2442.2m $195.0m $195.0m 1.22% Added +45.0k +44,984
80 Matson Money. Inc. 6.39% of their portfolio MASON, OH 2,222,8802.2m $194.1m $194.1m 6.39% Added +43.5k +43,545
81 CKW FINANCIAL GROUP 20.77% of their portfolio HONOLULU, HI 2,168,1582.2m $190.6m $190.6m 20.77% Added +6.5k +6,486
82 Connecticut Wealth Management, LLC 8.39% of their portfolio FARMINGTON, CT 2,165,0492.2m $189.0m $189.0m 8.39% Added +253.4k +253,420
83 Rockefeller Capital Management L.P. 0.37% of their portfolio NEW YORK, NY 2,163,0822.2m $188.9m $188.9m 0.37% Reduced -1.9m -1,940,508
84 Quotient Wealth Partners, LLC 5.12% of their portfolio DALLAS, TX 2,141,4152.1m $187.0m $187.0m 5.12% Added +53.8k +53,799
85 Focus Partners Wealth 0.30% of their portfolio ST LOUIS, MO 2,136,1822.1m $186.5m $186.5m 0.30% Added +34.1k +34,145
86 Aptus Capital Advisors, LLC 1.68% of their portfolio FAIRHOPE, AL 2,108,7142.1m $184.1m $184.1m 1.68% Added +111.7k +111,650
87 Passaic Partners LLC 21.93% of their portfolio NEWARK, NJ 2,086,3002.1m $182.2m $182.2m 21.93% Added +68.8k +68,800
88 Retirement Investment Advisors, Inc. 14.94% of their portfolio OKLAHOMA CITY, OK 2,057,9992.1m $179.7m $179.7m 14.94% Added +35.3k +35,330
89 MIDLAND WEALTH ADVISORS, LLC 9.55% of their portfolio EFFINGHAM, IL 2,043,5052.0m $178.4m $178.4m 9.55% Reduced -7.7k -7,739
90 Balentine LLC 6.45% of their portfolio ATLANTA, GA 2,004,3272.0m $175.0m $175.0m 6.45% Reduced -32.4k -32,443
91 Investure, LLC 10.81% of their portfolio CHARLOTTESVILLE, VA 2,000,6452.0m $174.7m $174.7m 10.81% Added +86.2k +86,200
92 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.14% of their portfolio Toronto, A6 1,957,2332.0m $170.9m $170.9m 0.14% Added +1.4m +1,357,015
93 Avidian Wealth Enterprises, LLC 6.39% of their portfolio Houston, TX 1,943,2481.9m $169.7m $169.7m 6.39% Added +23.8k +23,824
94 HANTZ FINANCIAL SERVICES, INC. 2.53% of their portfolio SOUTHFIELD, MI 1,914,9071.9m $167.2m $167.2m 2.53% Added +321.4k +321,351
95 CHOREO, LLC 2.15% of their portfolio ROCKFORD, IL 1,885,6331.9m $164.6m $164.6m 2.15% Added +157.3k +157,347
96 FIRST CITIZENS BANK & TRUST CO 3.48% of their portfolio RALEIGH, NC 1,850,4011.9m $161.6m $161.6m 3.48% Reduced -29.7k -29,707
97 HALBERT HARGROVE GLOBAL ADVISORS, LLC 7.79% of their portfolio LONG BEACH, CA 1,823,8151.8m $159.2m $159.2m 7.79% Added +20.6k +20,562
98 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 1,799,4851.8m $157.1m $157.1m 0.03% Reduced -162.3k -162,306
99 Lido Advisors, LLC 0.64% of their portfolio Los Angeles, CA 1,789,5451.8m $156.2m $156.2m 0.64% Added +1.6m +1,561,419
100 Nuveen, LLC 0.04% of their portfolio CHARLOTTE, NC 1,748,8301.7m $152.7m $152.7m 0.04% Reduced -106.4k -106,403