Vault-13

ISHARES INC IEMG

CORE MSCI EMKT · ETP · CUSIP 46434G103

2,302 institutional holders +71 vs Q4 2025
1,676,535,7431.7bn shares reported held*
$116.7bnreported value*
178 new 1,007 added 827 reduced 97 sold out net bought ≈ $8.9bn (+126.4m 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 ($1.5bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $69.62. Options: 5 managers hold calls ($29.0m notional), 3 hold puts ($4.7m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 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: 1,912Q3 25: 1,977Q4 25: 2,231Q1 26: 2,3022,302Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 20251,977
Q4 20252,231
Q1 20262,302

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 24: 905 bought or addedQ2 24: 672 cut or sold outQ3 24: 773 bought or addedQ3 24: 801 cut or sold outQ3 24Q4 24: 937 bought or addedQ4 24: 691 cut or sold outQ1 25: 963 bought or addedQ1 25: 767 cut or sold outQ1 25Q2 25: 1,103 bought or addedQ2 25: 690 cut or sold outQ3 25: 1,059 bought or addedQ3 25: 688 cut or sold outQ3 25Q4 25: 1,248 bought or addedQ4 25: 672 cut or sold outQ1 26: 1,185 bought or addedQ1 26: 924 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024905672
Q3 2024773801
Q4 2024937691
Q1 2025963767
Q2 20251,103690
Q3 20251,059688
Q4 20251,248672
Q1 20261,185924

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 25 calls: $5.5mQ2 25 puts: $240.1kQ2 25P/C 0.04Q3 25 calls: $6.7mQ3 25 puts: $815.7kQ3 25P/C 0.12Q4 25 calls: $5.2mQ4 25 puts: $1.5mQ4 25P/C 0.29Q1 26 calls: $29.0mQ1 26 puts: $4.7mQ1 26P/C 0.16
Numbers
QuarterCallsPutsP/C
Q2 2025$5.5m$240.1k0.04
Q3 2025$6.7m$815.7k0.12
Q4 2025$5.2m$1.5m0.29
Q1 2026$29.0m$4.7m0.16

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +46,640,330+46.6m
MORGAN STANLEY Added +23,465,415+23.5m
UBS Group AG Added +23,258,989+23.3m
WELLS FARGO & COMPANY/MN Added +10,680,940+10.7m
OLD MISSION CAPITAL LLC New +8,920,272+8.9m
ENVESTNET ASSET MANAGEMENT INC Added +8,402,979+8.4m
TRUIST FINANCIAL CORP Added +4,853,132+4.9m
Bank of New York Mellon Corp Added +4,743,399+4.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +4,047,707+4.0m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +3,999,898+4.0m

Biggest sellers

TIAA TRUST, NATIONAL ASSOCIATION Reduced -31,667,289-31.7m
State of New Jersey Common Pension Fund D Reduced -10,102,316-10.1m
Envestnet Portfolio Solutions, Inc. Reduced -6,903,696-6.9m
Dynasty Wealth Management, LLC Reduced -4,143,961-4.1m
JPMORGAN CHASE & CO Reduced -2,966,192-3.0m
CWM, LLC Reduced -2,442,872-2.4m
GOLDMAN SACHS GROUP INC Reduced -2,308,863-2.3m
OpenArc Corporate Advisory, LLC Reduced -2,250,068-2.3m
SAGESPRING WEALTH PARTNERS, LLC Reduced -1,926,468-1.9m
Municipal Employees' Retirement System of Michigan Reduced -1,914,169-1.9m

Biggest calls

UBS Group AG New $13.0m186.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.3m176.2k shares
JANE STREET GROUP, LLC Added $2.5m36.4k shares
IMC-Chicago, LLC New $578.9k8.3k shares
CITADEL ADVISORS LLC Added $530.1k7.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.7m38.8k shares
CITADEL ADVISORS LLC Added $1.6m23.6k shares
JANE STREET GROUP, LLC New $313.9k4.5k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 1.12% of their portfolio CHARLOTTE, NC 219,869,621219.9m $15.3bn $15.3bn 1.12% Added +46.6m +46,640,330
2 MORGAN STANLEY 0.53% of their portfolio NEW YORK, NY 126,259,202126.3m $8.8bn $8.8bn 0.53% Added +23.5m +23,465,415
3 WELLS FARGO & COMPANY/MN 1.22% of their portfolio SAN FRANCISCO, CA 87,384,26087.4m $6.1bn $6.1bn 1.22% Added +10.7m +10,680,940
4 ENVESTNET ASSET MANAGEMENT INC 1.62% of their portfolio Berwyn, PA 86,783,23786.8m $6.1bn $6.1bn 1.62% Added +8.4m +8,402,979
5 Creative Planning 3.67% of their portfolio OVERLAND PARK, KS 77,654,85477.7m $5.4bn $5.4bn 3.67% Added +1.4m +1,378,212
6 LPL Financial LLC 0.97% of their portfolio FORT MILL, SC 52,231,52652.2m $3.6bn $3.6bn 0.97% Reduced -229.7k -229,673
7 BlackRock, Inc. 0.06% of their portfolio New York, NY 50,621,59150.6m $3.5bn $3.5bn 0.06% Added +1.2m +1,209,699
8 JPMORGAN CHASE & CO 0.21% of their portfolio NEW YORK, NY 45,035,77145.0m $3.0bn $3.0bn 0.21% Reduced -3.0m -2,966,192
9 Wealthfront Advisers LLC 6.23% of their portfolio Palo Alto, CA 40,686,19640.7m $2.8bn $2.8bn 6.23% Added +1.8m +1,790,462
10 UBS Group AG 0.47% of their portfolio ZURICH, V8 37,646,26737.6m $2.6bn $2.6bn 0.47% Added +23.3m +23,258,989
11 US BANCORP \DE\ 2.50% of their portfolio MINNEAPOLIS, MN 29,529,98529.5m $2.1bn $2.1bn 2.50% Added +588.7k +588,708
12 GOLDMAN SACHS GROUP INC 0.24% of their portfolio NEW YORK, NY 26,326,70126.3m $1.8bn $1.8bn 0.24% Reduced -2.3m -2,308,863
13 FMR LLC 0.08% of their portfolio BOSTON, MA 21,583,94421.6m $1.5bn $1.5bn 0.08% Reduced -1.0m -1,029,604
14 Bank of New York Mellon Corp 0.27% of their portfolio NEW YORK, NY 20,828,87220.8m $1.5bn $1.5bn 0.27% Added +4.7m +4,743,399
15 JONES FINANCIAL COMPANIES LLLP 0.65% of their portfolio DES PERES, MO 20,057,12520.1m $1.4bn $1.4bn 0.65% Added +1.5m +1,488,450
16 RAYMOND JAMES FINANCIAL INC 0.43% of their portfolio ST. PETERSBURG, FL 19,905,32519.9m $1.4bn $1.4bn 0.43% Added +354.7k +354,749
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.83% of their portfolio MILWAUKEE, WI 19,440,27519.4m $1.4bn $1.4bn 0.83% Added +1.1m +1,103,248
18 TIAA Wealth Investment Management LLC 9.21% of their portfolio New York, NY 17,919,36517.9m $1.2bn $1.2bn 9.21% First filing
19 WIT, LLC 21.37% of their portfolio DISTRICT OF COLUMBIA, DC 16,233,75916.2m $1.1bn $1.1bn 21.37% Reduced -116.9k -116,906
20 PNC Financial Services Group, Inc. 0.61% of their portfolio Pittsburgh, PA 15,024,43615.0m $1.0bn $1.0bn 0.61% Added +1.3m +1,269,059
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.15% of their portfolio SAN FRANCISCO, CA 13,889,17113.9m $968.8m $968.8m 0.15% Added +3.1m +3,071,586
22 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 3.42% of their portfolio CHARLOTTE, NC 12,751,93512.8m $889.4m $889.4m 3.42% First filing
23 State of New Jersey Common Pension Fund D 3.35% of their portfolio TRENTON, NJ 12,458,69212.5m $869.0m $869.0m 3.35% Reduced -10.1m -10,102,316
24 TRUIST FINANCIAL CORP 1.08% of their portfolio CHARLOTTE, NC 11,502,71511.5m $802.3m $802.3m 1.08% Added +4.9m +4,853,132
25 CAPTRUST FINANCIAL ADVISORS 1.22% of their portfolio RALEIGH, NC 10,028,02310.0m $699.4m $699.4m 1.22% Added +486.4k +486,435
26 ASSETMARK, INC 1.32% of their portfolio CONCORD, CA 9,297,0339.3m $648.5m $648.5m 1.32% Added +366.9k +366,914
27 M&T Bank Corp 2.22% of their portfolio BUFFALO, NY 9,289,8119.3m $648.0m $648.0m 2.22% Reduced -449.5k -449,512
28 SEI INVESTMENTS CO 0.58% of their portfolio OAKS, PA 9,074,8729.1m $633.0m $633.0m 0.58% Reduced -404.6k -404,604
29 BANK OF MONTREAL /CAN/ 0.26% of their portfolio TORONTO, A6 9,020,5989.0m $629.2m $629.2m 0.26% Added +2.1m +2,054,897
30 OLD MISSION CAPITAL LLC 14.76% of their portfolio CHICAGO, IL 8,920,2728.9m $622.2m $622.2m 14.76% New
31 ROYAL BANK OF CANADA 0.12% of their portfolio TORONTO, A6 8,868,2368.9m $618.6m $618.6m 0.12% Added +1.2m +1,185,418
32 Cetera Investment Advisers 0.65% of their portfolio SCHAUMBURG, IL 8,765,4438.8m $611.4m $611.4m 0.65% Reduced -593.4k -593,367
33 Mariner, LLC 0.71% of their portfolio Overland Park, KS 8,698,5528.7m $606.0m $606.0m 0.71% Added +360.4k +360,376
34 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 7,926,3027.9m $552.6m $552.6m 0.13% Added +1.2m +1,169,874
35 Retirement Systems of Alabama 1.76% of their portfolio MONTGOMERY, AL 7,584,4317.6m $529.0m $529.0m 1.76% Unchanged
36 Asset Management One Co., Ltd. 1.48% of their portfolio TOKYO, M0 7,184,4167.2m $501.1m $501.1m 1.48% Added +142.7k +142,701
37 JANE STREET GROUP, LLC 0.52% of their portfolio NEW YORK, NY 6,972,8667.0m $486.4m $486.4m 0.52% Added +2.2m +2,178,350
38 ALLIANCEBERNSTEIN L.P. 0.15% of their portfolio NASHVILLE, TN 6,947,5106.9m $467.0m $467.0m 0.15% Added +198.2k +198,205
39 FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 2.61% of their portfolio STOCKHOLM, V7 6,873,2676.9m $479.4m $479.4m 2.61% Added +3.8m +3,783,075
40 Jordan Park Group LLC 25.18% of their portfolio SAN FRANCISCO, CA 6,808,9596.8m $472.9m $472.9m 25.18% Reduced -17.5k -17,489
41 Invesco Ltd. 0.05% of their portfolio ATLANTA, GA 6,664,2736.7m $464.8m $464.8m 0.05% Added +179.9k +179,910
42 Cerity Partners LLC 0.62% of their portfolio NEW YORK, NY 6,279,0416.3m $438.0m $438.0m 0.62% Added +993.0k +992,967
43 MML INVESTORS SERVICES, LLC 1.20% of their portfolio SPRINGFIELD, MA 6,222,8666.2m $434.0m $434.0m 1.20% Reduced -1.1m -1,068,080
44 Envestnet Portfolio Solutions, Inc. 2.28% of their portfolio BERWYN, PA 5,901,1175.9m $411.6m $411.6m 2.28% Reduced -6.9m -6,903,696
45 FIFTH THIRD BANCORP 0.75% of their portfolio CINCINNATI, OH 5,867,9035.9m $409.3m $409.3m 0.75% Added +2.8m +2,803,229
46 PARK AVENUE SECURITIES LLC 3.14% of their portfolio NEW YORK, NY 5,758,4445.8m $401.7m $401.7m 3.14% Reduced -558.6k -558,602
47 Betterment LLC 0.75% of their portfolio NEW YORK, NY 5,653,4465.7m $394.3m $394.3m 0.75% Reduced -258.9k -258,866
48 MONETA GROUP INVESTMENT ADVISORS LLC 2.92% of their portfolio ST LOUIS, MO 5,559,7945.6m $387.8m $387.8m 2.92% Reduced -106.7k -106,704
49 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio NEW YORK, NY 5,287,2905.3m $368.8m $368.8m 0.08% Added +4.0m +3,999,898
50 CITIGROUP INC 0.23% of their portfolio NEW YORK, NY 5,194,7375.2m $362.3m $362.3m 0.23% Reduced -578.1k -578,110
51 STIFEL FINANCIAL CORP 0.32% of their portfolio ST. LOUIS, MO 4,951,9015.0m $345.4m $345.4m 0.32% Reduced -3.0k -2,962
52 FRANKLIN RESOURCES INC 0.08% of their portfolio San Mateo, CA 4,897,9974.9m $341.6m $341.6m 0.08% Added +950.4k +950,429
53 Japan Science & Technology Agency 6.70% of their portfolio TOKYO, M0 4,620,5134.6m $322.3m $322.3m 6.70% Added +1.6m +1,569,959
54 Steward Partners Investment Advisory, LLC 1.60% of their portfolio STAMFORD, CT 4,509,9974.5m $314.6m $314.6m 1.60% Added +1.2m +1,224,563
55 Ballentine Partners, LLC 4.15% of their portfolio Waltham, MA 4,271,3604.3m $297.9m $297.9m 4.15% Added +209.4k +209,357
56 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,264,3244.3m $297.4m $297.4m 0.01% Reduced -135.5k -135,505
57 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.38% of their portfolio BALA CYNWYD, PA 4,204,4204.2m $293.3m $293.3m 0.38% Added +4.0m +4,047,707
58 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.39% of their portfolio WASHINGTON, DC 4,047,5174.0m $282.3m $282.3m 2.39% Unchanged
59 KEYBANK NATIONAL ASSOCIATION/OH 1.01% of their portfolio BROOKLYN, OH 3,946,3683.9m $275.3m $275.3m 1.01% Added +406.1k +406,135
60 Nationwide Fund Advisors 11.61% of their portfolio COLUMBUS, OH 3,801,9043.8m $265.2m $265.2m 11.61% Reduced -288.2k -288,234
61 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 1.32% of their portfolio HARRISBURG, PA 3,718,4733.7m $259.4m $259.4m 1.32% New
62 UNITED CAPITAL FINANCIAL ADVISORS, LLC 1.55% of their portfolio IRVING, TX 3,609,5033.6m $251.8m $251.8m 1.55% Reduced -211.7k -211,677
63 Janney Montgomery Scott LLC 0.62% of their portfolio PHILADELPHIA, PA 3,605,9873.6m $251.5m $251.5m 0.62% Reduced -295.3k -295,283
64 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 3,591,6603.6m $250.5m $250.5m 0.03% Added +692.3k +692,272
65 OSAIC HOLDINGS, INC. 0.36% of their portfolio SCOTTSDALE, AZ 3,572,0023.6m $249.2m $249.2m 0.36% Added +523.5k +523,484
66 Municipal Employees' Retirement System of Michigan 2.62% of their portfolio LANSING, MI 3,313,8293.3m $231.1m $231.1m 2.62% Reduced -1.9m -1,914,169
67 CWM, LLC 0.60% of their portfolio OMAHA, NE 3,247,2163.2m $226.5m $226.5m 0.60% Reduced -2.4m -2,442,872
68 HighTower Advisors, LLC 0.24% of their portfolio CHICAGO, IL 3,192,7443.2m $222.7m $222.7m 0.24% Added +193.1k +193,097
69 Stairway Partners, LLC 11.49% of their portfolio MINNEAPOLIS, MN 3,180,6983.2m $221.9m $221.9m 11.49% Added +7.0k +7,010
70 Matson Money. Inc. 6.58% of their portfolio MASON, OH 3,077,4533.1m $214.7m $214.7m 6.58% Reduced -104.6k -104,644
71 Focus Partners Wealth 0.24% of their portfolio ST LOUIS, MO 3,061,8203.1m $213.6m $213.6m 0.24% Added +259.9k +259,896
72 Valeo Financial Advisors, LLC 4.93% of their portfolio CARMEL, IN 2,956,9843.0m $206.2m $206.2m 4.93% Added +26.8k +26,754
73 Haverford Trust Co 1.88% of their portfolio Radnor, PA 2,947,9802.9m $205.6m $205.6m 1.88% Added +65.5k +65,528
74 Mirae Asset Global Investments Co., Ltd. 0.59% of their portfolio SEOUL, M5 2,932,0742.9m $204.5m $204.5m 0.59% Added +471.2k +471,233
75 Choate Investment Advisors 3.85% of their portfolio BOSTON, MA 2,819,4852.8m $196.7m $196.7m 3.85% Added +2.8m +2,781,706
76 DEUTSCHE BANK AG\ 0.06% of their portfolio FRANKFURT AM MAIN, 2M 2,659,2282.7m $185.5m $185.5m 0.06% Added +105.8k +105,784
77 EVERGREEN CAPITAL MANAGEMENT LLC 4.00% of their portfolio Bellevue, WA 2,642,8552.6m $184.3m $184.3m 4.00% Added +1.0m +1,033,963
78 COMMONWEALTH EQUITY SERVICES, LLC 0.26% of their portfolio WALTHAM, MA 2,617,7422.6m $182.6m $182.6m 0.26% Reduced -209.0k -209,031
79 Dynasty Wealth Management, LLC 1.58% of their portfolio ST. PETERSBURG, FL 2,596,2992.6m $181.1m $181.1m 1.58% Reduced -4.1m -4,143,961
80 Investure, LLC 8.85% of their portfolio CHARLOTTESVILLE, VA 2,587,8972.6m $180.5m $180.5m 8.85% Added +2.0m +1,951,252
81 GRIMES & Co WEALTH MANAGEMENT, LLC 4.87% of their portfolio WESTBOROUGH, MA 2,520,2242.5m $175.8m $175.8m 4.87% Reduced -25.2k -25,193
82 Mill Creek Capital Advisors, LLC 3.59% of their portfolio Conshohocken, PA 2,508,4492.5m $175.0m $175.0m 3.59% Added +115.7k +115,744
83 Baird Financial Group, Inc. 0.27% of their portfolio MILWAUKEE, WI 2,432,7612.4m $169.7m $169.7m 0.27% Added +19.4k +19,388
84 MERCER GLOBAL ADVISORS INC /ADV 0.25% of their portfolio DENVER, CO 2,417,5212.4m $168.6m $168.6m 0.25% Added +88.1k +88,137
85 MAI Capital Management 0.93% of their portfolio INDEPENDENCE, OH 2,359,1052.4m $164.5m $164.5m 0.93% Added +96.2k +96,207
86 Blue Trust, Inc. 1.88% of their portfolio BRENTWOOD, TN 2,349,2812.3m $163.9m $163.9m 1.88% Reduced -115.1k -115,124
87 Alesco Advisors, LLC, An ESL Co 4.12% of their portfolio Pittsford, NY 2,314,4252.3m $161.4m $161.4m 4.12% Reduced -50.3k -50,268
88 Hirtle & Co., LLC 5.44% of their portfolio WEST CONSHOHOCKEN, PA 2,278,2732.3m $158.9m $158.9m 5.44% Reduced -2.4k -2,435
89 HALBERT HARGROVE GLOBAL ADVISORS, LLC 7.67% of their portfolio LONG BEACH, CA 2,262,6672.3m $157.8m $157.8m 7.67% Reduced -8.8k -8,835
90 NewEdge Advisors, LLC 0.56% of their portfolio NEW ORLEANS, LA 2,236,8232.2m $156.0m $156.0m 0.56% Reduced -186.7k -186,712
91 Nuveen, LLC 0.04% of their portfolio CHARLOTTE, NC 2,191,6642.2m $152.9m $152.9m 0.04% Added +74.4k +74,401
92 PARTNERS CAPITAL INVESTMENT GROUP, LLP 5.75% of their portfolio BOSTON, MA 2,187,1402.2m $152.6m $152.6m 5.75% Added +73.1k +73,058
93 Balentine LLC 6.11% of their portfolio ATLANTA, GA 2,173,0772.2m $151.6m $151.6m 6.11% Reduced -35.7k -35,706
94 NEUBERGER BERMAN GROUP LLC 0.11% of their portfolio NEW YORK, NY 2,121,4262.1m $148.0m $148.0m 0.11% Added +886.4k +886,375
95 Hackensack Meridian Health, Inc. 13.92% of their portfolio EDISON, NJ 2,115,0002.1m $147.5m $147.5m 13.92% Reduced -70.0k -70,000
96 BESSEMER GROUP INC 0.23% of their portfolio WOODBRIDGE, NJ 2,058,6652.1m $143.6m $143.6m 0.23% Added +154.9k +154,870
97 Connecticut Wealth Management, LLC 5.97% of their portfolio FARMINGTON, CT 2,042,0722.0m $142.4m $142.4m 5.97% Added +1.3m +1,290,206
98 SOUTHERN FARM BUREAU LIFE INSURANCE 14.86% of their portfolio JACKSON, MS 2,037,6592.0m $140.8m $140.8m 14.86% Added +73.4k +73,400
99 Corient Private Wealth LP 0.19% of their portfolio MIAMI, FL 2,003,4552.0m $135.9m $135.9m 0.19% Reduced -1.9m -1,858,640
100 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 2.41% of their portfolio Seattle, WA 1,984,6902.0m $138.4m $138.4m 2.41% Added +42.9k +42,946