Vault-13

ISHARES INC EMXC

MSCI EMRG CHN · ETP · CUSIP 46434G764

875 institutional holders +81 vs Q3 2025
139,938,265139.9m shares reported held*
$10.2bnreported value*
80 new 294 added 315 reduced 53 sold out net sold ≈ $264.6m (-4.0m 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 ($52.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.97. Options: 1 managers hold calls ($370.7k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 277Q4 22: 316Q1 23: 349Q2 23: 394Q3 23: 453Q4 23: 659Q1 24: 761Q2 24: 824Q3 24: 861Q4 24: 918Q1 25: 873Q2 25: 833Q3 25: 794Q4 25: 875875Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022277
Q4 2022316
Q1 2023349
Q2 2023394
Q3 2023453
Q4 2023659
Q1 2024761
Q2 2024824
Q3 2024861
Q4 2024918
Q1 2025873
Q2 2025833
Q3 2025794
Q4 2025875

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 570 bought or addedQ1 24: 139 cut or sold outQ2 24: 574 bought or addedQ2 24: 199 cut or sold outQ2 24Q3 24: 582 bought or addedQ3 24: 220 cut or sold outQ4 24: 535 bought or addedQ4 24: 275 cut or sold outQ4 24Q1 25: 344 bought or addedQ1 25: 511 cut or sold outQ2 25: 322 bought or addedQ2 25: 540 cut or sold outQ2 25Q3 25: 311 bought or addedQ3 25: 424 cut or sold outQ4 25: 374 bought or addedQ4 25: 368 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024570139
Q2 2024574199
Q3 2024582220
Q4 2024535275
Q1 2025344511
Q2 2025322540
Q3 2025311424
Q4 2025374368

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ1 25 calls: $677.6kQ1 25 puts: $429.7kQ1 25P/C 0.63Q2 25 calls: $1.5mQ2 25 puts: $258.9kQ2 25P/C 0.17Q3 25 calls: $803.4kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $370.7kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$677.6k$429.7k0.63
Q2 2025$1.5m$258.9k0.17
Q3 2025$803.4k$00.00
Q4 2025$370.7k$00.00

Biggest buyers

Invesco Ltd. New +2,150,000+2.1m
Facet Wealth, Inc. New +2,006,029+2.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Added +1,582,515+1.6m
BANK OF AMERICA CORP /DE/ Added +854,217+854.2k
BlackRock, Inc. Added +591,832+591.8k
Vident Advisory, LLC New +479,344+479.3k
CITADEL ADVISORS LLC Added +383,960+384.0k
LPL Financial LLC Added +298,524+298.5k
Vestmark Advisory Solutions, Inc. Added +273,140+273.1k
Corient Private Wealth LP Added +272,036+272.0k

Biggest sellers

JANE STREET GROUP, LLC Reduced -2,717,749-2.7m
JPMORGAN CHASE & CO Reduced -2,073,664-2.1m
FLOW TRADERS U.S. LLC Sold out -1,297,287-1.3m
Bank of New York Mellon Corp Reduced -1,152,475-1.2m
Sanctuary Advisors, LLC Reduced -1,012,753-1.0m
AMERIPRISE FINANCIAL INC Reduced -941,140-941.1k
CITIGROUP INC Reduced -796,257-796.3k
Absolute Gestao de Investimentos Ltda. Sold out -715,000-715.0k
UNITED BANK Reduced -683,323-683.3k
VICTORY CAPITAL MANAGEMENT INC Reduced -610,642-610.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $370.7k5.1k shares

Biggest puts

None

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.07% of their portfolio CHARLOTTE, NC 13,367,51613.4m $971.6m $971.6m 0.07% Added +854.2k +854,217
2 NORTHERN TRUST CORP 0.07% of their portfolio CHICAGO, IL 7,172,6897.2m $521.3m $521.3m 0.07% Added +115.6k +115,634
3 Bank of New York Mellon Corp 0.08% of their portfolio NEW YORK, NY 6,033,1386.0m $438.5m $438.5m 0.08% Reduced -1.2m -1,152,475
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.22% of their portfolio MILWAUKEE, WI 4,729,9764.7m $343.8m $343.8m 0.22% Added +45.0k +44,968
5 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 3,923,1133.9m $285.1m $285.1m 0.02% Added +190.6k +190,648
6 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 3,425,7963.4m $249.0m $249.0m 0.06% Reduced -941.1k -941,140
7 TEACHER RETIREMENT SYSTEM OF TEXAS 0.83% of their portfolio AUSTIN, TX 3,305,6443.3m $240.3m $240.3m 0.83% Added +66.0k +65,957
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 2,992,1973.0m $217.5m $217.5m 0.00% Added +591.8k +591,832
9 Richard Bernstein Advisors LLC 5.78% of their portfolio NEW YORK, NY 2,706,1172.7m $196.7m $196.7m 5.78% Reduced -125.2k -125,172
10 Cullen/Frost Bankers, Inc. 2.04% of their portfolio San Antonio, TX 2,555,6052.6m $185.7m $185.7m 2.04% Reduced -53.9k -53,869
11 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 2,385,6672.4m $173.4m $173.4m 0.05% Added +298.5k +298,524
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,336,5822.3m $169.8m $169.8m 0.01% Reduced -2.1m -2,073,664
13 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,150,0002.1m $156.3m $156.3m 0.01% New
14 Facet Wealth, Inc. 2.91% of their portfolio WEST PALM BEACH, FL 2,006,0292.0m $164.6m $164.6m 2.91% New
15 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,937,8631.9m $140.8m $140.8m 0.03% Reduced -151.8k -151,818
16 SCHRODER INVESTMENT MANAGEMENT GROUP 0.10% of their portfolio London, X0 1,886,2941.9m $137.2m $137.2m 0.10% Added +1.6m +1,582,515
17 VICTORY CAPITAL MANAGEMENT INC 0.08% of their portfolio San Antonio, TX 1,864,9641.9m $135.5m $135.5m 0.08% Reduced -610.6k -610,642
18 CENTRAL TRUST Co 2.60% of their portfolio JEFFERSON CITY, MO 1,824,8581.8m $132.6m $132.6m 2.60% Added +87.0k +86,998
19 Valmark Advisers, Inc. 1.58% of their portfolio AKRON, OH 1,757,8201.8m $127.8m $127.8m 1.58% Added +1.5k +1,540
20 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,651,1231.7m $120.0m $120.0m 0.02% Reduced -88.3k -88,311
21 US BANCORP \DE\ 0.14% of their portfolio MINNEAPOLIS, MN 1,623,9951.6m $118.0m $118.0m 0.14% Reduced -260 -260
22 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 1,505,2491.5m $109.4m $109.4m 0.03% Reduced -104.9k -104,866
23 Johns Hopkins University 7.54% of their portfolio BALTIMORE, MD 1,423,7441.4m $103.5m $103.5m 7.54% Unchanged
24 Russell Investments Group, Ltd. 0.11% of their portfolio Seattle, WA 1,396,4061.4m $101.5m $101.5m 0.11% Reduced -34.9k -34,926
25 EASTERN BANK 1.75% of their portfolio BOSTON, MA 1,393,3691.4m $101.3m $101.3m 1.75% Added +48.2k +48,187
26 STIFEL FINANCIAL CORP 0.09% of their portfolio ST. LOUIS, MO 1,342,1881.3m $97.5m $97.5m 0.09% Reduced -5.2k -5,219
27 PRUDENTIAL PLC 0.69% of their portfolio LONDON, X0 1,186,2001.2m $86.2m $86.2m 0.69% Added +146.6k +146,600
28 PARTNERS CAPITAL INVESTMENT GROUP, LLP 3.13% of their portfolio BOSTON, MA 1,155,4241.2m $84.0m $84.0m 3.13% Added +74.1k +74,131
29 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 1,133,3031.1m $82.4m $82.4m 0.09% Added +74.5k +74,496
30 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 1,088,4181.1m $79.1m $79.1m 0.05% Reduced -796.3k -796,257
31 Composition Wealth, LLC 1.07% of their portfolio LOS ANGELES, CA 1,030,4971.0m $74.9m $74.9m 1.07% Reduced -44.8k -44,842
32 JANE STREET GROUP, LLC 0.09% of their portfolio NEW YORK, NY 1,001,6581.0m $72.8m $72.8m 0.09% Reduced -2.7m -2,717,749
33 Avidian Wealth Enterprises, LLC 2.56% of their portfolio Houston, TX 968,498968.5k $70.4m $70.4m 2.56% Added +16.8k +16,832
34 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 864,276864.3k $62.8m $62.8m 0.02% Reduced -12.8k -12,841
35 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 827,378827.4k $60.1m $60.1m 0.01% Reduced -223.5k -223,481
36 RiverFront Investment Group, LLC 0.99% of their portfolio RICHMOND, VA 823,156823.2k $59.8m $59.8m 0.99% Reduced -867 -867
37 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 790,515790.5k $57.5m $57.5m 0.04% Reduced -4.4k -4,373
38 STATE OF WISCONSIN INVESTMENT BOARD 0.12% of their portfolio MADISON, WI 761,242761.2k $55.3m $55.3m 0.12% Added +14.4k +14,400
39 Mariner, LLC 0.07% of their portfolio Overland Park, KS 760,094760.1k $55.2m $55.2m 0.07% Reduced -9.3k -9,275
40 EVOKE WEALTH, LLC 1.01% of their portfolio Los Angeles, CA 725,962726.0k $52.8m $52.8m 1.01% Reduced -7.8k -7,802
41 1ST SOURCE BANK 2.76% of their portfolio SOUTH BEND, IN 722,812722.8k $52.5m $52.5m 2.76% Reduced -18.2k -18,218
42 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 721,330721.3k $52.4m $52.4m 0.04% Added +384.0k +383,960
43 Hughes Financial Services, LLC 8.10% of their portfolio HERNDON, VA 709,785709.8k $51.6m $51.6m 8.10% Reduced -27.4k -27,438
44 New York Life Investment Management LLC 0.44% of their portfolio New York, NY 705,488705.5k $51.3m $51.3m 0.44% Added +140.6k +140,648
45 Aprio Wealth Management, LLC 2.78% of their portfolio ATLANTA, GA 665,254665.3k $48.4m $48.4m 2.78% Added +25.4k +25,426
46 HANCOCK WHITNEY CORP 0.87% of their portfolio GULFPORT, MS 663,974664.0k $48.3m $48.3m 0.87% Reduced -3.5k -3,452
47 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 638,643638.6k $46.4m $46.4m 0.06% Reduced -57.6k -57,600
48 ANDERSON HOAGLAND & CO 3.86% of their portfolio ST LOUIS, MO 617,107617.1k $44.9m $44.9m 3.86% Unchanged
49 TRUE Private Wealth Advisors 4.26% of their portfolio Salem, OR 584,366584.4k $42.5m $42.5m 4.26% Added +10.9k +10,940
50 Advocacy Wealth Management, LLC 1.71% of their portfolio ATLANTA, GA 561,678561.7k $40.8m $40.8m 1.71% Added +18.7k +18,727
51 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 557,289557.3k $40.5m $40.5m 0.05% Added +6.9k +6,892
52 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 553,642553.6k $40.2m $40.2m 0.02% Reduced -9.8k -9,812
53 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 530,463530.5k $38.6m $38.6m 0.06% Reduced -123.0k -122,962
54 TIAA TRUST, NATIONAL ASSOCIATION 0.09% of their portfolio CHARLOTTE, NC 529,993530.0k $38.5m $38.5m 0.09% Reduced -85.6k -85,635
55 Farther Finance Advisors, LLC 0.40% of their portfolio SAN FRANCISCO, CA 512,026512.0k $37.2m $37.2m 0.40% Added +119.7k +119,737
56 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 498,427498.4k $36.2m $36.2m 0.06% Reduced -3.2k -3,163
57 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 497,768497.8k $36.2m $36.2m 0.02% Added +272.0k +272,036
58 OPPENHEIMER ASSET MANAGEMENT INC. 0.44% of their portfolio NEW YORK, NY 488,855488.9k $35.5m $35.5m 0.44% Reduced -9.2k -9,154
59 Clearwater Capital Advisors, LLC 2.91% of their portfolio HOFFMAN ESTATES, IL 479,442479.4k $34.8m $34.8m 2.91% Reduced -4.1k -4,122
60 Vident Advisory, LLC 0.33% of their portfolio Alpharetta, GA 479,344479.3k $34.8m $34.8m 0.33% New
61 Myriad Asset Management Advisors LLC 10.71% of their portfolio WEST PALM BEACH, FL 478,308478.3k $34.8m $34.8m 10.71% First filing
62 Legacy Edge Advisors, LLC 3.75% of their portfolio SYOSSET, NY 471,603471.6k $34.3m $34.3m 3.75% Added +38.7k +38,704
63 Crestwood Advisors Group, LLC 0.56% of their portfolio BOSTON, MA 459,120459.1k $33.4m $33.4m 0.56% Added +2.4k +2,403
64 SENTINEL TRUST CO LBA 3.26% of their portfolio HOUSTON, TX 456,200456.2k $33.2m $33.2m 3.26% Unchanged
65 ARMSTRONG ADVISORY GROUP, INC 2.23% of their portfolio NEEDHAM, MA 453,795453.8k $33.0m $33.0m 2.23% Added +3.1k +3,149
66 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 450,326450.3k $32.7m $32.7m 0.06% Added +19.0k +18,971
67 Janney Montgomery Scott LLC 0.07% of their portfolio PHILADELPHIA, PA 443,455443.5k $32.2m $32.2m 0.07% Added +7.0k +6,989
68 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 429,211429.2k $31.2m $31.2m 0.03% Reduced -7.6k -7,620
69 PROFESSIONAL ADVISORY SERVICES INC 4.03% of their portfolio VERO BEACH, FL 427,974428.0k $31.1m $31.1m 4.03% Reduced -8.1k -8,050
70 Artemis Wealth Advisors, LLC 5.00% of their portfolio Port Washington, NY 413,579413.6k $30.1m $30.1m 5.00% Added +7.7k +7,677
71 Legacy Financial Group LLC 4.08% of their portfolio DES MOINES, IA 412,470412.5k $33.1m $33.1m 4.08% Added +68.0k +68,002
72 Curi Capital, LLC 0.50% of their portfolio CHICAGO, IL 394,785394.8k $28.7m $28.7m 0.50% Reduced -9.6k -9,606
73 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 389,795389.8k $28.3m $28.3m 0.05% Added +70.5k +70,496
74 NOMURA ASSET MANAGEMENT CO LTD 0.07% of their portfolio TOKYO, M0 388,600388.6k $28.2m $28.2m 0.07% Added +142.7k +142,700
75 FORM Wealth Advisors, LLC 3.27% of their portfolio Lake Geneva, WI 384,179384.2k $27.9m $27.9m 3.27% First filing
76 Integrated Wealth Concepts LLC 0.32% of their portfolio WALTHAM, MA 370,670370.7k $26.9m $26.9m 0.32% Reduced -43.1k -43,135
77 SOROS FUND MANAGEMENT LLC 0.35% of their portfolio NEW YORK, NY 354,686354.7k $25.8m $25.8m 0.35% Unchanged
78 Sanctuary Advisors, LLC 0.14% of their portfolio INDIANAPOLIS, IN 353,840353.8k $25.7m $25.7m 0.14% Reduced -1.0m -1,012,753
79 Cardinal Strategic Wealth Guidance 6.43% of their portfolio LOUISVILLE, KY 338,726338.7k $24.6m $24.6m 6.43% Added +61.3k +61,277
80 Carr Financial Group Corp 6.30% of their portfolio WORCESTER, MA 325,506325.5k $23.7m $23.7m 6.30% Added +25.2k +25,238
81 Seascape Capital Management 6.64% of their portfolio PORTSMOUTH, NH 321,395321.4k $23.4m $23.4m 6.64% Added +19.5k +19,458
82 Stockman Wealth Management, Inc. 2.71% of their portfolio BILLINGS, MT 320,370320.4k $23.3m $23.3m 2.71% Added +6.4k +6,446
83 Prime Buchholz LLC 13.77% of their portfolio PORTSMOUTH, NH 319,235319.2k $23.2m $23.2m 13.77% Unchanged
84 BEAM WEALTH ADVISORS, INC. 6.33% of their portfolio COVINGTON, LA 317,152317.2k $23.1m $23.1m 6.33% Added +6.3k +6,251
85 Tradition Wealth Management, LLC 1.60% of their portfolio EDINA, MN 307,164307.2k $22.3m $22.3m 1.60% Added +3.2k +3,231
86 MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.23% of their portfolio New York, NY 304,769304.8k $22.2m $22.2m 0.23% Reduced -18.8k -18,835
87 Vestmark Advisory Solutions, Inc. 0.30% of their portfolio Wakefield, MA 303,981304.0k $22.1m $22.1m 0.30% Added +273.1k +273,140
88 McKinley Carter Wealth Services, Inc. 1.22% of their portfolio WHEELING, WV 299,207299.2k $21.7m $21.7m 1.22% Reduced -84.6k -84,592
89 CWM, LLC 0.06% of their portfolio OMAHA, NE 284,438284.4k $20.7m $20.7m 0.06% Reduced -37.2k -37,154
90 OpenArc Corporate Advisory, LLC 0.31% of their portfolio ATLANTA, GA 262,110262.1k $19.1m $19.1m 0.31% First filing
91 ES4, LLC 12.29% of their portfolio NEWPORT BEACH, CA 245,346245.3k $17.8m $17.8m 12.29% First filing
92 Cerity Partners LLC 0.03% of their portfolio NEW YORK, NY 242,701242.7k $17.6m $17.6m 0.03% Added +105.2k +105,157
93 Trail Ridge Investment Advisors, LLC 7.58% of their portfolio FORT COLLINS, CO 242,538242.5k $17.6m $17.6m 7.58% Added +14.8k +14,771
94 Ayalon Insurance Comp Ltd. 4.18% of their portfolio Ramat Gan, L3 236,812236.8k $17.2m $17.2m 4.18% Added +25.8k +25,750
95 Chicago Partners Investment Group LLC 0.46% of their portfolio CHICAGO, IL 236,527236.5k $18.8m $18.8m 0.46% Added +3.6k +3,613
96 Columbia Bank 4.67% of their portfolio Lake Oswego, OR 231,470231.5k $16.8m $16.8m 4.67% Added +814 +814
97 Focus Financial Network, Inc. 0.58% of their portfolio MINNEAPOLIS, MN 230,534230.5k $16.8m $16.8m 0.58% Added +14.8k +14,811
98 World Investment Advisors 0.27% of their portfolio LINCROFT, NJ 224,774224.8k $16.3m $16.3m 0.27% Added +14.2k +14,244
99 Wealthcare Advisory Partners LLC 0.32% of their portfolio WEST CHESTER, PA 221,999222.0k $16.1m $16.1m 0.32% Reduced -1.9k -1,943
100 Retirement Management Systems Inc. 4.08% of their portfolio STEVENSVILLE, MD 219,556219.6k $16.0m $16.0m 4.08% First filing