Vault-13

ISHARES INC IEMG

CORE MSCI EMKT · ETP · CUSIP 46434G103

1,912 institutional holders +58 vs Q1 2025
1,390,968,5991.4bn shares reported held*
$83.4bnreported value*
134 new 969 added 613 reduced 77 sold out net bought ≈ $5.2bn (+86.7m 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 ($111.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.99. Options: 5 managers hold calls ($5.5m notional), 1 hold puts ($240.1k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,376Q4 22: 1,452Q1 23: 1,532Q2 23: 1,563Q3 23: 1,557Q4 23: 1,691Q1 24: 1,657Q2 24: 1,708Q3 24: 1,736Q4 24: 1,842Q1 25: 1,854Q2 25: 1,9121,912Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 20221,376
Q4 20221,452
Q1 20231,532
Q2 20231,563
Q3 20231,557
Q4 20231,691
Q1 20241,657
Q2 20241,708
Q3 20241,736
Q4 20241,842
Q1 20251,854
Q2 20251,912

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 23: 635 bought or addedQ3 23: 809 cut or sold outQ4 23: 762 bought or addedQ4 23: 738 cut or sold outQ4 23Q1 24: 704 bought or addedQ1 24: 871 cut or sold outQ2 24: 905 bought or addedQ2 24: 672 cut or sold outQ2 24Q3 24: 773 bought or addedQ3 24: 801 cut or sold outQ4 24: 937 bought or addedQ4 24: 691 cut or sold outQ4 24Q1 25: 963 bought or addedQ1 25: 767 cut or sold outQ2 25: 1,103 bought or addedQ2 25: 690 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023635809
Q4 2023762738
Q1 2024704871
Q2 2024905672
Q3 2024773801
Q4 2024937691
Q1 2025963767
Q2 20251,103690

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 24 calls: $7.7mQ3 24 puts: $1.1mQ3 24P/C 0.14Q4 24 calls: $7.3mQ4 24 puts: $1.2mQ4 24P/C 0.16Q1 25 calls: $3.8mQ1 25 puts: $86.4kQ1 25P/C 0.02Q2 25 calls: $5.5mQ2 25 puts: $240.1kQ2 25P/C 0.04
Numbers
QuarterCallsPutsP/C
Q3 2024$7.7m$1.1m0.14
Q4 2024$7.3m$1.2m0.16
Q1 2025$3.8m$86.4k0.02
Q2 2025$5.5m$240.1k0.04

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +21,784,748+21.8m
State of New Jersey Common Pension Fund D New +20,923,000+20.9m
ROYAL BANK OF CANADA Added +10,314,493+10.3m
LPL Financial LLC Added +8,451,688+8.5m
JPMORGAN CHASE & CO Added +5,997,621+6.0m
BlackRock, Inc. Added +5,810,527+5.8m
JANE STREET GROUP, LLC New +5,157,810+5.2m
MORGAN STANLEY Added +3,636,206+3.6m
PARK AVENUE SECURITIES LLC Added +2,095,305+2.1m
Envestnet Portfolio Solutions, Inc. Added +2,046,859+2.0m

Biggest sellers

OLD MISSION CAPITAL LLC Sold out -7,707,756-7.7m
GOLDMAN SACHS GROUP INC Reduced -6,414,783-6.4m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -3,614,920-3.6m
Invesco Ltd. Reduced -3,519,427-3.5m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -3,351,905-3.4m
Auto-Owners Insurance Co Reduced -2,978,000-3.0m
Corient Private Wealth LP Reduced -2,246,537-2.2m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -2,061,355-2.1m
Bridgewater Associates, LP Reduced -1,773,949-1.8m
UBS Group AG Reduced -1,588,151-1.6m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.1m52.0k shares
WOLVERINE TRADING, LLC New $1.4m23.5k shares
CITADEL ADVISORS LLC Reduced $918.5k15.3k shares
GROUP ONE TRADING LLC New $12.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $240.1k4.0k 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/ 0.85% of their portfolio CHARLOTTE, NC 175,179,338175.2m $10.5bn $10.5bn 0.85% Added +1.0m +1,046,949
2 MORGAN STANLEY 0.38% of their portfolio NEW YORK, NY 96,654,30296.7m $5.8bn $5.8bn 0.38% Added +3.6m +3,636,206
3 Creative Planning 3.76% of their portfolio OVERLAND PARK, KS 73,244,09773.2m $4.4bn $4.4bn 3.76% Added +773.5k +773,457
4 ENVESTNET ASSET MANAGEMENT INC 1.07% of their portfolio Berwyn, PA 61,140,38861.1m $3.7bn $3.7bn 1.07% Added +21.8m +21,784,748
5 WELLS FARGO & COMPANY/MN 0.68% of their portfolio SAN FRANCISCO, CA 51,848,44251.8m $3.1bn $3.1bn 0.68% Added +1.2m +1,221,421
6 LPL Financial LLC 0.86% of their portfolio FORT MILL, SC 42,885,14342.9m $2.6bn $2.6bn 0.86% Added +8.5m +8,451,688
7 JPMORGAN CHASE & CO 0.18% of their portfolio NEW YORK, NY 42,710,75842.7m $2.6bn $2.6bn 0.18% Added +6.0m +5,997,621
8 BlackRock, Inc. 0.05% of their portfolio New York, NY 41,329,51541.3m $2.5bn $2.5bn 0.05% Added +5.8m +5,810,527
9 Wealthfront Advisers LLC 5.93% of their portfolio Palo Alto, CA 38,349,29738.3m $2.3bn $2.3bn 5.93% Reduced -1.0m -1,020,264
10 TIAA TRUST, NATIONAL ASSOCIATION 5.16% of their portfolio CHARLOTTE, NC 33,093,73433.1m $2.0bn $2.0bn 5.16% Reduced -3.6m -3,614,920
11 GOLDMAN SACHS GROUP INC 0.28% of their portfolio NEW YORK, NY 29,349,35029.3m $1.8bn $1.8bn 0.28% Reduced -6.4m -6,414,783
12 US BANCORP \DE\ 2.09% of their portfolio MINNEAPOLIS, MN 27,716,65327.7m $1.7bn $1.7bn 2.09% Added +641.6k +641,594
13 State of New Jersey Common Pension Fund D 4.87% of their portfolio TRENTON, NJ 20,923,00020.9m $1.3bn $1.3bn 4.87% New
14 FMR LLC 0.07% of their portfolio BOSTON, MA 19,888,06719.9m $1.2bn $1.2bn 0.07% Added +1.5m +1,454,292
15 RAYMOND JAMES FINANCIAL INC 0.38% of their portfolio ST. PETERSBURG, FL 18,282,87218.3m $1.1bn $1.1bn 0.38% Added +350.6k +350,599
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.79% of their portfolio MILWAUKEE, WI 18,018,45218.0m $1.1bn $1.1bn 0.79% Reduced -267.1k -267,143
17 Bridgewater Associates, LP 4.16% of their portfolio Westport, CT 17,183,30917.2m $1.0bn $1.0bn 4.16% Reduced -1.8m -1,773,949
18 WIT, LLC 24.46% of their portfolio DISTRICT OF COLUMBIA, DC 16,436,99916.4m $986.7m $986.7m 24.46% Reduced -54.8k -54,785
19 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 15,568,37015.6m $934.6m $934.6m 0.09% Added +10.3m +10,314,493
20 Invesco Ltd. 0.14% of their portfolio ATLANTA, GA 13,987,07314.0m $839.6m $839.6m 0.14% Reduced -3.5m -3,519,427
21 UBS Group AG 0.17% of their portfolio ZURICH, V8 13,650,18713.7m $819.4m $819.4m 0.17% Reduced -1.6m -1,588,151
22 PNC Financial Services Group, Inc. 0.50% of their portfolio Pittsburgh, PA 12,852,94812.9m $771.6m $771.6m 0.50% Added +541.9k +541,926
23 Envestnet Portfolio Solutions, Inc. 2.41% of their portfolio BERWYN, PA 10,924,24810.9m $655.8m $655.8m 2.41% Added +2.0m +2,046,859
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.11% of their portfolio SAN FRANCISCO, CA 10,807,80610.8m $648.8m $648.8m 0.11% Reduced -3.4m -3,351,905
25 M&T Bank Corp 2.03% of their portfolio BUFFALO, NY 9,836,7439.8m $590.5m $590.5m 2.03% Reduced -32.5k -32,458
26 SEI INVESTMENTS CO 0.65% of their portfolio OAKS, PA 9,304,2399.3m $558.5m $558.5m 0.65% Added +463.4k +463,417
27 Bank of New York Mellon Corp 0.10% of their portfolio NEW YORK, NY 9,012,6059.0m $541.0m $541.0m 0.10% Added +1.4m +1,383,631
28 ASSETMARK, INC 1.24% of their portfolio CONCORD, CA 8,771,8158.8m $526.6m $526.6m 1.24% Reduced -282.0k -281,959
29 CAPTRUST FINANCIAL ADVISORS 1.09% of their portfolio RALEIGH, NC 8,141,3368.1m $488.7m $488.7m 1.09% Added +588.0k +587,966
30 Retirement Systems of Alabama 1.63% of their portfolio MONTGOMERY, AL 7,584,4317.6m $455.3m $455.3m 1.63% Unchanged
31 CITIGROUP INC 0.31% of their portfolio NEW YORK, NY 7,445,0427.4m $446.9m $446.9m 0.31% Reduced -170.2k -170,237
32 ALLIANCEBERNSTEIN L.P. 0.14% of their portfolio NASHVILLE, TN 7,224,1427.2m $433.7m $433.7m 0.14% Reduced -32.1k -32,136
33 Mariner, LLC 0.61% of their portfolio Overland Park, KS 7,090,5037.1m $425.6m $425.6m 0.61% Added +604.5k +604,453
34 Jordan Park Group LLC 25.99% of their portfolio SAN FRANCISCO, CA 6,673,1356.7m $400.6m $400.6m 25.99% Reduced -103.8k -103,769
35 Asset Management One Co., Ltd. 1.23% of their portfolio TOKYO, M0 6,531,7676.5m $392.1m $392.1m 1.23% Reduced -79.6k -79,609
36 Betterment LLC 0.82% of their portfolio NEW YORK, NY 6,383,2126.4m $383.2m $383.2m 0.82% Reduced -1.1m -1,084,028
37 BANK OF MONTREAL /CAN/ 0.18% of their portfolio TORONTO, A6 5,953,6896.0m $357.4m $357.4m 0.18% Added +232.3k +232,274
38 MONETA GROUP INVESTMENT ADVISORS LLC 3.93% of their portfolio ST LOUIS, MO 5,497,2555.5m $330.0m $330.0m 3.93% Reduced -245.6k -245,572
39 Cetera Investment Advisers 0.53% of their portfolio SCHAUMBURG, IL 5,232,4175.2m $314.1m $314.1m 0.53% Added +1.3m +1,276,834
40 JANE STREET GROUP, LLC 0.50% of their portfolio NEW YORK, NY 5,157,8105.2m $309.6m $309.6m 0.50% New
41 MML INVESTORS SERVICES, LLC 0.86% of their portfolio SPRINGFIELD, MA 4,964,7545.0m $298.0m $298.0m 0.86% Added +1.8m +1,782,345
42 NATIONAL BANK OF CANADA /FI/ 0.32% of their portfolio MONTREAL, A8 4,961,2005.0m $297.8m $297.8m 0.32% Added +2.0m +2,026,121
43 Municipal Employees' Retirement System of Michigan 3.45% of their portfolio LANSING, MI 4,773,1114.8m $286.5m $286.5m 3.45% Unchanged
44 TRUIST FINANCIAL CORP 0.42% of their portfolio CHARLOTTE, NC 4,761,4204.8m $285.8m $285.8m 0.42% Added +455.6k +455,608
45 Cerity Partners LLC 0.48% of their portfolio NEW YORK, NY 4,444,6364.4m $266.9m $266.9m 0.48% Added +359.5k +359,454
46 PARK AVENUE SECURITIES LLC 2.43% of their portfolio NEW YORK, NY 4,407,9184.4m $264.6m $264.6m 2.43% Added +2.1m +2,095,305
47 STIFEL FINANCIAL CORP 0.26% of their portfolio ST. LOUIS, MO 4,373,5564.4m $262.5m $262.5m 0.26% Added +536.3k +536,301
48 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,262,7054.3m $255.9m $255.9m 0.01% Reduced -1.4m -1,368,216
49 Ballentine Partners, LLC 3.76% of their portfolio Waltham, MA 4,156,9614.2m $249.5m $249.5m 3.76% Reduced -8.3k -8,344
50 CWM, LLC 0.88% of their portfolio OMAHA, NE 4,139,9664.1m $248.5m $248.5m 0.88% Added +1.6m +1,625,575
51 FRANKLIN RESOURCES INC 0.06% of their portfolio San Mateo, CA 3,724,5213.7m $223.6m $223.6m 0.06% Added +296.1k +296,144
52 Nationwide Fund Advisors 11.76% of their portfolio COLUMBUS, OH 3,499,8693.5m $210.1m $210.1m 11.76% Added +957.2k +957,222
53 Stairway Partners, LLC 11.89% of their portfolio MINNEAPOLIS, MN 3,491,7253.5m $209.6m $209.6m 11.89% Added +3.1k +3,101
54 Dynasty Wealth Management, LLC 3.55% of their portfolio ST. PETERSBURG, FL 3,465,8933.5m $208.1m $208.1m 3.55% Reduced -437.1k -437,084
55 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 3,450,8703.5m $207.4m $207.4m 0.05% Added +819.9k +819,923
56 UNITED CAPITAL FINANCIAL ADVISORS, LLC 1.64% of their portfolio IRVING, TX 3,369,1753.4m $202.3m $202.3m 1.64% Added +574.4k +574,416
57 Matson Money. Inc. 6.58% of their portfolio MASON, OH 3,165,3603.2m $190.0m $190.0m 6.58% Added +47.9k +47,864
58 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 3,065,6873.1m $184.0m $184.0m 0.23% Reduced -126.7k -126,668
59 OSAIC HOLDINGS, INC. 0.32% of their portfolio SCOTTSDALE, AZ 3,007,6533.0m $177.3m $177.3m 0.32% Added +1.0m +1,005,319
60 KEYBANK NATIONAL ASSOCIATION/OH 0.67% of their portfolio BROOKLYN, OH 2,996,9723.0m $179.9m $179.9m 0.67% Added +335.1k +335,079
61 Haverford Trust Co 1.69% of their portfolio Radnor, PA 2,970,7883.0m $178.3m $178.3m 1.69% Reduced -3.7k -3,724
62 Valeo Financial Advisors, LLC 4.30% of their portfolio CARMEL, IN 2,908,0072.9m $174.6m $174.6m 4.30% Added +60.3k +60,325
63 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 2,799,2952.8m $168.0m $168.0m 0.02% Reduced -305.9k -305,862
64 Mirae Asset Global Investments Co., Ltd. 0.57% of their portfolio SEOUL, M5 2,745,9432.7m $164.8m $164.8m 0.57% Added +570.2k +570,199
65 FIFTH THIRD BANCORP 0.56% of their portfolio CINCINNATI, OH 2,691,9082.7m $161.6m $161.6m 0.56% Added +645.3k +645,279
66 Janney Montgomery Scott LLC 0.42% of their portfolio PHILADELPHIA, PA 2,668,1472.7m $160.2m $160.2m 0.42% Added +857.7k +857,701
67 Blue Trust, Inc. 1.86% of their portfolio BRENTWOOD, TN 2,629,0132.6m $157.8m $157.8m 1.86% Added +112.3k +112,347
68 GRIMES & Co WEALTH MANAGEMENT, LLC 4.12% of their portfolio WESTBOROUGH, MA 2,524,9112.5m $151.6m $151.6m 4.12% Added +850.0k +849,969
69 Alesco Advisors, LLC, An ESL Co 4.34% of their portfolio Pittsford, NY 2,511,2492.5m $150.8m $150.8m 4.34% Reduced -42.6k -42,644
70 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 2,436,1952.4m $146.2m $146.2m 0.19% Added +178.1k +178,130
71 Nuveen, LLC 0.04% of their portfolio CHARLOTTE, NC 2,412,5532.4m $144.8m $144.8m 0.04% Reduced -695.4k -695,381
72 DEUTSCHE BANK AG\ 0.05% of their portfolio FRANKFURT AM MAIN, 2M 2,341,9672.3m $140.6m $140.6m 0.05% Reduced -136.9k -136,938
73 Federation des caisses Desjardins du Quebec 0.61% of their portfolio LEVIS, A8 2,314,2392.3m $138.9m $138.9m 0.61% Added +77.3k +77,286
74 PARTNERS CAPITAL INVESTMENT GROUP, LLP 5.48% of their portfolio BOSTON, MA 2,278,4842.3m $136.8m $136.8m 5.48% Reduced -2.1m -2,061,355
75 Mill Creek Capital Advisors, LLC 3.03% of their portfolio Conshohocken, PA 2,273,0612.3m $136.5m $136.5m 3.03% Added +1.0k +1,008
76 Baird Financial Group, Inc. 0.24% of their portfolio MILWAUKEE, WI 2,235,1272.2m $134.2m $134.2m 0.24% Added +55.6k +55,615
77 HALBERT HARGROVE GLOBAL ADVISORS, LLC 7.03% of their portfolio LONG BEACH, CA 2,229,0342.2m $133.8m $133.8m 7.03% Reduced -7.8k -7,790
78 Hackensack Meridian Health, Inc. 14.53% of their portfolio EDISON, NJ 2,185,0002.2m $131.2m $131.2m 14.53% Reduced -251.0k -251,000
79 Members Trust Co 4.50% of their portfolio TAMPA, FL 2,175,5942.2m $130.6m $130.6m 4.50% Reduced -280.7k -280,732
80 AVANTAX ADVISORY SERVICES, INC. 0.71% of their portfolio DALLAS, TX 2,145,0932.1m $128.8m $128.8m 0.71% Added +100.6k +100,609
81 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio Toronto, A6 2,115,1282.1m $127.0m $127.0m 0.11% Added +1.1m +1,119,891
82 MAI Capital Management 0.88% of their portfolio INDEPENDENCE, OH 2,108,9662.1m $126.6m $126.6m 0.88% Added +306.8k +306,811
83 Focus Partners Wealth 0.27% of their portfolio ST LOUIS, MO 2,071,1892.1m $124.3m $124.3m 0.27% Added +372.0k +372,007
84 Hirtle & Co., LLC 4.68% of their portfolio WEST CONSHOHOCKEN, PA 2,054,8022.1m $123.3m $123.3m 4.68% Reduced -11.7k -11,681
85 Quotient Wealth Partners, LLC 3.50% of their portfolio DALLAS, TX 1,981,5092.0m $118.9m $118.9m 3.50% Added +36.7k +36,731
86 Rockefeller Capital Management L.P. 0.14% of their portfolio NEW YORK, NY 1,925,7221.9m $115.6m $115.6m 0.14% Added +1.1m +1,055,923
87 University of Pittsburgh - Of the Commonwealth System of Higher Education 100.00% of their portfolio PITTSBURGH, PA 1,901,0181.9m $114.1m $114.1m 100.00% Added +23.0k +22,951
88 Elo Mutual Pension Insurance Co 2.28% of their portfolio ESPOO, H9 1,867,1001.9m $112.1m $112.1m 2.28% Reduced -84.0k -84,000
89 Kestra Investment Management, LLC 1.62% of their portfolio AUSTIN, TX 1,844,4651.8m $105.5m $105.5m 1.62% Added +107.1k +107,147
90 SAGESPRING WEALTH PARTNERS, LLC 2.38% of their portfolio FRANKLIN, TN 1,835,9481.8m $110.2m $110.2m 2.38% Added +61.4k +61,448
91 LINCOLN NATIONAL CORP 3.33% of their portfolio RADNOR, PA 1,829,6531.8m $109.8m $109.8m 3.33% Reduced -87.9k -87,931
92 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.18% of their portfolio PLYMOUTH, MN 1,818,4161.8m $110.2m $110.2m 0.18% Added +301.7k +301,740
93 SOUTHERN FARM BUREAU LIFE INSURANCE 13.85% of their portfolio JACKSON, MS 1,813,7591.8m $108.4m $108.4m 13.85% Added +842.6k +842,590
94 JONES FINANCIAL COMPANIES LLLP 0.08% of their portfolio DES PERES, MO 1,773,7291.8m $106.1m $106.1m 0.08% Added +625.4k +625,435
95 Corient Private Wealth LP 0.14% of their portfolio MIAMI, FL 1,759,9691.8m $104.2m $104.2m 0.14% Reduced -2.2m -2,246,537
96 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 2.39% of their portfolio Seattle, WA 1,758,2941.8m $105.6m $105.6m 2.39% Added +59.9k +59,876
97 Wealthspire Advisors, LLC 0.58% of their portfolio NEW YORK, NY 1,718,8541.7m $103.2m $103.2m 0.58% Added +64.6k +64,589
98 Financiere des Professionnels - Fonds d'investissement inc. 5.98% of their portfolio MONTREAL, A8 1,650,3481.7m $99.1m $99.1m 5.98% Reduced -116.0k -116,000
99 AE Wealth Management LLC 0.70% of their portfolio TOPEKA, KS 1,597,9171.6m $95.9m $95.9m 0.70% Added +332.5k +332,517
100 NEPC LLC 2.39% of their portfolio Boston, MA 1,571,2731.6m $94.3m $94.3m 2.39% Added +11.4k +11,360