Vault-13

ISHARES TR SMLF

US SML CAP EQT · ETP · CUSIP 46434V290

216 institutional holders +21 vs Q1 2025
21,760,58521.8m shares reported held*
$1.5bnreported value*
38 new 86 added 53 reduced 16 sold out net sold ≈ $99.7m (-1.5m 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 ($823.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $68.00.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 90Q4 22: 104Q1 23: 100Q2 23: 103Q3 23: 116Q4 23: 124Q1 24: 140Q2 24: 148Q3 24: 157Q4 24: 183Q1 25: 195Q2 25: 216216Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202290
Q4 2022104
Q1 2023100
Q2 2023103
Q3 2023116
Q4 2023124
Q1 2024140
Q2 2024148
Q3 2024157
Q4 2024183
Q1 2025195
Q2 2025216

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 53 bought or addedQ3 23: 47 cut or sold outQ4 23: 55 bought or addedQ4 23: 54 cut or sold outQ4 23Q1 24: 74 bought or addedQ1 24: 52 cut or sold outQ2 24: 72 bought or addedQ2 24: 51 cut or sold outQ2 24Q3 24: 94 bought or addedQ3 24: 39 cut or sold outQ4 24: 93 bought or addedQ4 24: 53 cut or sold outQ4 24Q1 25: 103 bought or addedQ1 25: 74 cut or sold outQ2 25: 124 bought or addedQ2 25: 69 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20235347
Q4 20235554
Q1 20247452
Q2 20247251
Q3 20249439
Q4 20249353
Q1 202510374
Q2 202512469

Biggest buyers

AMERIPRISE FINANCIAL INC Added +421,138+421.1k
LPL Financial LLC Added +332,983+333.0k
River Wealth Advisors LLC New +328,683+328.7k
WELLS FARGO & COMPANY/MN Added +194,659+194.7k
BANK OF AMERICA CORP /DE/ Added +183,226+183.2k
PTM WEALTH MANAGEMENT, LLC New +163,062+163.1k
Janney Montgomery Scott LLC New +151,512+151.5k
Strategic Financial Services, Inc. Added +137,719+137.7k
RAYMOND JAMES FINANCIAL INC Added +125,896+125.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +85,001+85.0k

Biggest sellers

FMR LLC Reduced -3,575,585-3.6m
SEARCY FINANCIAL SERVICES INC /ADV Sold out -362,787-362.8k
INTEGRITY ALLIANCE, LLC. Reduced -120,252-120.3k
JANE STREET GROUP, LLC Reduced -105,218-105.2k
ROYAL BANK OF CANADA Reduced -60,251-60.3k
Ullmann Wealth Partners Group, LLC Reduced -51,444-51.4k
JPMORGAN CHASE & CO Reduced -49,984-50.0k
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Reduced -21,846-21.8k
Journey Advisory Group, LLC Reduced -21,181-21.2k
PHILLIPS FINANCIAL MANAGEMENT, LLC Reduced -17,220-17.2k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Strategic Financial Services, Inc. 13.69% of their portfolio UTICA, NY 3,744,6523.7m $254.4m $254.4m 13.69% Added +137.7k +137,719
2 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,075,3082.1m $141.0m $141.0m 0.03% Added +194.7k +194,659
3 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,568,2041.6m $106.6m $106.6m 0.03% Added +421.1k +421,138
4 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 963,855963.9k $65.5m $65.5m 0.02% Added +333.0k +332,983
5 Acropolis Investment Management, LLC 3.25% of their portfolio ST. LOUIS, MO 870,884870.9k $59.2m $59.2m 3.25% Added +33.5k +33,534
6 Financial Management Professionals, Inc. 3.98% of their portfolio AUSTIN, TX 520,851520.9k $35.4m $35.4m 3.98% Added +19.8k +19,829
7 Ullmann Wealth Partners Group, LLC 4.10% of their portfolio JACKSONVILLE BEACH, FL 510,064510.1k $34.7m $34.7m 4.10% Reduced -51.4k -51,444
8 BlackRock, Inc. 0.00% of their portfolio New York, NY 495,397495.4k $33.7m $33.7m 0.00% Added +16.1k +16,145
9 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 490,822490.8k $33.4m $33.4m 0.01% Added +49.7k +49,746
10 Clearwater Capital Advisors, LLC 2.89% of their portfolio HOFFMAN ESTATES, IL 466,151466.2k $31.7m $31.7m 2.89% Added +8.0k +7,978
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 463,250463.2k $31.5m $31.5m 0.00% Added +183.2k +183,226
12 Cornerstone Planning Group LLC 6.17% of their portfolio FAIRFIELD, NJ 435,547435.5k $30.2m $30.2m 6.17% Added +35.7k +35,724
13 Pacific Center for Financial Services 7.36% of their portfolio DANVILLE, CA 399,104399.1k $27.1m $27.1m 7.36% Reduced -4.3k -4,326
14 Valmark Advisers, Inc. 0.35% of their portfolio AKRON, OH 371,206371.2k $25.2m $25.2m 0.35% Added +5.6k +5,616
15 River Wealth Advisors LLC 2.78% of their portfolio CAMP HILL, PA 328,683328.7k $22.3m $22.3m 2.78% New
16 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 323,208323.2k $22.0m $22.0m 0.07% Added +44.5k +44,461
17 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 316,568316.6k $21.5m $21.5m 0.04% Added +83.2k +83,226
18 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 287,017287.0k $19.5m $19.5m 0.04% Added +12.8k +12,847
19 Fox Financial, Inc 16.46% of their portfolio WYOMISSING, PA 286,455286.5k $19.5m $19.5m 16.46% Added +4.1k +4,126
20 RESTON WEALTH MANAGEMENT LLC 6.21% of their portfolio Reston, VA 260,590260.6k $17.7m $17.7m 6.21% Added +7.1k +7,077
21 Foundations Investment Advisors, LLC 0.27% of their portfolio PHOENIX, AZ 249,612249.6k $17.0m $17.0m 0.27% Reduced -6.7k -6,714
22 Private Advisor Group, LLC 0.09% of their portfolio MORRISTOWN, NJ 236,009236.0k $16.0m $16.0m 0.09% Added +53.4k +53,443
23 INTEGRITY ALLIANCE, LLC. 0.78% of their portfolio Urbandale, IA 210,643210.6k $14.3m $14.3m 0.78% Reduced -120.3k -120,252
24 Family Office Research LLC 6.48% of their portfolio Bethesda, MD 201,512201.5k $13.7m $13.7m 6.48% Added +7.6k +7,571
25 EXCHANGE TRADED CONCEPTS, LLC 0.17% of their portfolio Oklahoma City, OK 198,569198.6k $13.5m $13.5m 0.17% Added +20.9k +20,851
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 195,096195.1k $13.3m $13.3m 0.00% Added +1.6k +1,557
27 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 193,569193.6k $13.2m $13.2m 0.03% Reduced -14.5k -14,454
28 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 193,276193.3k $13.1m $13.1m 0.00% Added +125.9k +125,896
29 First International Bank & Trust 4.26% of their portfolio WATFORD CITY, ND 180,244180.2k $12.2m $12.2m 4.26% Reduced -11.6k -11,552
30 PTM WEALTH MANAGEMENT, LLC 7.53% of their portfolio NORTH WALES, PA 163,062163.1k $11.4m $11.4m 7.53% New
31 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 161,473161.5k $11.0m $11.0m 0.02% Added +40.9k +40,873
32 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 157,180157.2k $10.7m $10.7m 0.00% Added +4.7k +4,739
33 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 151,512151.5k $10.3m $10.3m 0.03% New
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 148,603148.6k $10.1m $10.1m 0.01% Added +85.0k +85,001
35 Stratos Wealth Partners, LTD. 0.14% of their portfolio BEACHWOOD, OH 148,598148.6k $10.1m $10.1m 0.14% Added +4.4k +4,381
36 FMR LLC 0.00% of their portfolio BOSTON, MA 143,920143.9k $9.8m $9.8m 0.00% Reduced -3.6m -3,575,585
37 Integrated Wealth Concepts LLC 0.10% of their portfolio WALTHAM, MA 139,921139.9k $9.5m $9.5m 0.10% Reduced -12.7k -12,738
38 Denver PWM, LLC 2.78% of their portfolio DENVER, CO 131,398131.4k $8.9m $8.9m 2.78% Added +5.9k +5,932
39 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 130,422130.4k $8.9m $8.9m 0.03% Added +26.1k +26,118
40 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 130,070130.1k $8.8m $8.8m 0.01% Added +34.6k +34,642
41 WCG Wealth Advisors LLC 0.54% of their portfolio LAS VEGAS, NV 123,891123.9k $8.4m $8.4m 0.54% Added +3.4k +3,359
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 123,249123.2k $8.4m $8.4m 0.00% Reduced -50.0k -49,984
43 Anfield Capital Management, LLC 2.19% of their portfolio IRVINE, CA 97,28097.3k $6.6m $6.6m 2.19% Added +807 +807
44 CORA CAPITAL ADVISORS LLC 2.59% of their portfolio MARLTON, NJ 85,56685.6k $5.8m $5.8m 2.59% Reduced -1.2k -1,234
45 Journey Advisory Group, LLC 0.45% of their portfolio COVINGTON, KY 85,11085.1k $5.8m $5.8m 0.45% Reduced -21.2k -21,181
46 DDFG, Inc 1.44% of their portfolio THOUSAND OAKS, CA 84,02884.0k $5.7m $5.7m 1.44% Added +2.2k +2,160
47 GeoWealth Management, LLC 0.22% of their portfolio CHICAGO, IL 83,59483.6k $5.7m $5.7m 0.22% Added +7.9k +7,892
48 COZAD ASSET MANAGEMENT INC 0.48% of their portfolio CHAMPAIGN, IL 80,78080.8k $5.5m $5.5m 0.48% Added +19.3k +19,321
49 Addison Advisors LLC 1.29% of their portfolio MIDDLEBURY, VT 76,02976.0k $5.2m $5.2m 1.29% Reduced -1.8k -1,758
50 FMA Wealth Management, LLC 3.82% of their portfolio DUXBURY, MA 75,87775.9k $5.2m $5.2m 3.82% Added +750 +750
51 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 74,02374.0k $5.0m $5.0m 0.01% Reduced -1.5k -1,454
52 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 70,95571.0k $4.8m $4.8m 0.04% Reduced -13.9k -13,864
53 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 70,88770.9k $4.8m $4.8m 0.04% Added +4.3k +4,314
54 GEM Asset Management, LLC 2.44% of their portfolio Plymouth, MI 68,94768.9k $4.8m $4.8m 2.44% Added +2.0k +1,977
55 Modern Wealth Management, LLC 0.11% of their portfolio KANSAS CITY, MO 68,00668.0k $4.6m $4.6m 0.11% Added +13.6k +13,557
56 Aspen Wealth Strategies, LLC 2.74% of their portfolio ARVADA, CO 66,87166.9k $4.5m $4.5m 2.74% Added +1.7k +1,671
57 PEAPACK GLADSTONE FINANCIAL CORP 0.06% of their portfolio BEDMINSTER, NJ 66,35166.4k $4.5m $4.5m 0.06% Added +55.4k +55,409
58 Beirne Wealth Consulting Services, LLC 1.37% of their portfolio SHELTON, CT 62,11362.1k $4.2m $4.2m 1.37% Added +3.3k +3,254
59 Vista Cima Wealth Management LLC 3.77% of their portfolio SURPRISE, AZ 59,30459.3k $4.0m $4.0m 3.77% Added +1.9k +1,858
60 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 54,39854.4k $3.7m $3.7m 0.03% Added +4.2k +4,233
61 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 53,26653.3k $3.6m $3.6m 0.03% Reduced -1.4k -1,371
62 Apollon Financial, LLC 0.75% of their portfolio MOUNT PLEASANT, SC 53,17553.2k $3.6m $3.6m 0.75% Reduced -3.3k -3,289
63 Weil Company, Inc. 0.87% of their portfolio SAN DIEGO, CA 48,40948.4k $3.3m $3.3m 0.87% Added +26.9k +26,907
64 NOVEM GROUP 0.39% of their portfolio Rochester, NY 45,36645.4k $3.1m $3.1m 0.39% New
65 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.21% of their portfolio FORT WAYNE, IN 42,26842.3k $2.9m $2.9m 0.21% Reduced -17.2k -17,220
66 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 41,40241.4k $2.8m $2.8m 0.01% Added +7.8k +7,806
67 Premier Path Wealth Partners, LLC 0.35% of their portfolio MADISON, NJ 37,13437.1k $2.5m $2.5m 0.35% Added +710 +710
68 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 36,34636.3k $2.5m $2.5m 0.00% New
69 Parkside Financial Bank & Trust 0.27% of their portfolio SAINT LOUIS, MO 36,27436.3k $2.5m $2.5m 0.27% Added +103 +103
70 THOROUGHBRED FINANCIAL SERVICES, LLC 0.17% of their portfolio BRENTWOOD, TN 35,25435.3k $2.4m $2.4m 0.17% Added +1.3k +1,317
71 Harbor Asset Planning, Inc. 2.17% of their portfolio BELMONT, MA 33,48433.5k $2.3m $2.3m 2.17% First filing
72 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 32,42132.4k $2.2m $2.2m 0.00% Reduced -7.1k -7,069
73 LifeGoal Investments, LLC 2.06% of their portfolio SARATOGA SPRINGS, NY 31,93031.9k $2.2m $2.2m 2.06% Added +482 +482
74 MONTAG A & ASSOCIATES INC 0.10% of their portfolio ATLANTA, GA 29,50029.5k $2.0m $2.0m 0.10% Unchanged
75 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 29,22429.2k $2.0m $2.0m 0.00% Reduced -105.2k -105,218
76 Perigon Wealth Management, LLC 0.05% of their portfolio SAN FRANCISCO, CA 28,80028.8k $2.0m $2.0m 0.05% Added +3.7k +3,713
77 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 26,57626.6k $1.9m $1.9m 0.00% Reduced -655 -655
78 Pallas Capital Advisors LLC 0.07% of their portfolio BRAINTREE, MA 25,75625.8k $1.8m $1.8m 0.07% New
79 PRINCIPAL SECURITIES, INC. 0.03% of their portfolio DES MOINES, IA 25,50825.5k $1.7m $1.7m 0.03% Added +25.3k +25,288
80 SCHMIDT P J INVESTMENT MANAGEMENT INC 0.30% of their portfolio CEDARBURG, WI 25,25825.3k $1.7m $1.7m 0.30% Added +1.8k +1,848
81 BKM Wealth Management, LLC 0.66% of their portfolio BROOKFIELD, WI 24,69524.7k $1.7m $1.7m 0.66% Reduced -3.7k -3,676
82 Flagship Private Wealth, LLC 0.70% of their portfolio Woburn, MA 24,11424.1k $1.6m $1.6m 0.70% Added +8.6k +8,559
83 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 23,29723.3k $1.6m $1.6m 0.00% Reduced -1.2k -1,187
84 Wharton Business Group, LLC 0.06% of their portfolio MALVERN, PA 22,12522.1k $1.5m $1.5m 0.06% Unchanged
85 CWM, LLC 0.01% of their portfolio OMAHA, NE 22,09322.1k $1.5m $1.5m 0.01% Reduced -597 -597
86 Cyndeo Wealth Partners, LLC 0.09% of their portfolio ST. PETERSBURG, FL 21,43821.4k $1.5m $1.5m 0.09% Added +901 +901
87 Wedmont Private Capital 0.06% of their portfolio WEST CHESTER, PA 21,17021.2k $1.5m $1.5m 0.06% Unchanged
88 Dynamic Wealth Strategies, LLC 1.00% of their portfolio GRANITE BAY, CA 20,40220.4k $1.4m $1.4m 1.00% Added +1.7k +1,726
89 Westover Capital Advisors, LLC 0.27% of their portfolio WILMINGTON, DE 20,20620.2k $1.4m $1.4m 0.27% Reduced -145 -145
90 LWM Advisory Services, LLC 0.93% of their portfolio PLANTATION, FL 19,83619.8k $1.3m $1.3m 0.93% Added +2.0k +1,953
91 Empirical Asset Management, LLC 0.40% of their portfolio WELLESLEY, MA 18,88518.9k $1.3m $1.3m 0.40% Added +198 +198
92 J.W. COLE ADVISORS, INC. 0.03% of their portfolio TAMPA, FL 18,64718.6k $1.3m $1.3m 0.03% Reduced -3.1k -3,111
93 Hibernia Wealth Partners, LLC 0.44% of their portfolio BATON ROUGE, LA 17,77317.8k $1.2m $1.2m 0.44% Added +8.9k +8,895
94 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 17,46117.5k $1.2m $1.2m 0.01% New
95 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 17,33817.3k $1.2m $1.2m 0.00% Added +3.0k +2,974
96 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 16,79216.8k $1.1m $1.1m 0.00% Unchanged
97 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 15,28015.3k $1.0m $1.0m 0.01% Reduced -1.4k -1,439
98 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 15,21515.2k $1.0m $1.0m 0.00% Added +11.6k +11,636
99 Talisman Wealth Advisors LLC 0.84% of their portfolio MOUNTAINSIDE, NJ 13,57013.6k $922.1k $922.1k 0.84% Added +2.7k +2,687
100 Kingsview Wealth Management, LLC 0.02% of their portfolio GRANTS PASS, OR 13,17513.2k $895.2k $895.2k 0.02% Reduced -1.6k -1,558