Vault-13

ISHARES TR SMLF

US SML CAP EQT · ETP · CUSIP 46434V290

301 institutional holders +32 vs Q1 2026
39,185,19139.2m shares reported held*
$3.5bnreported value*
46 new 122 added 91 reduced 12 sold out net bought ≈ $264.6m (+3.0m 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $89.10. Options: 1 managers hold calls ($543.8k notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 90Q4 22: 104Q1 23: 100Q2 23: 103Q3 23: 116Q4 23: 124Q1 24: 140Q2 24: 148Q3 24: 157Q4 24: 183Q1 25: 195Q2 25: 216Q3 25: 237Q4 25: 265Q1 26: 269Q2 26: 301301Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 2025237
Q4 2025265
Q1 2026269
Q2 2026301

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 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 25Q3 25: 134 bought or addedQ3 25: 61 cut or sold outQ4 25: 152 bought or addedQ4 25: 70 cut or sold outQ4 25Q1 26: 149 bought or addedQ1 26: 95 cut or sold outQ2 26: 168 bought or addedQ2 26: 103 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20249439
Q4 20249353
Q1 202510374
Q2 202512469
Q3 202513461
Q4 202515270
Q1 202614995
Q2 2026168103

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $317.1kQ1 26 puts: $173.6kQ1 26P/C 0.55Q2 26 calls: $543.8kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$317.1k$173.6k0.55
Q2 2026$543.8k$00.00

Biggest buyers

CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +660,321+660.3k
BANK OF AMERICA CORP /DE/ Added +426,121+426.1k
Cambridge Investment Research Advisors, Inc. Added +411,727+411.7k
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC New +395,557+395.6k
AMERIPRISE FINANCIAL INC Added +189,242+189.2k
OSAIC HOLDINGS, INC. Added +172,952+173.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +121,566+121.6k
RAYMOND JAMES FINANCIAL INC Added +95,576+95.6k
MORGAN STANLEY Added +79,549+79.5k
WELLS FARGO & COMPANY/MN Added +78,738+78.7k

Biggest sellers

Systelligence, LLC Sold out -217,574-217.6k
Advance Capital Management, Inc. Reduced -69,274-69.3k
FMR LLC Reduced -61,628-61.6k
Strategic Financial Services, Inc. Reduced -58,658-58.7k
Valmark Advisers, Inc. Reduced -53,795-53.8k
Financial Management Professionals, Inc. Reduced -48,264-48.3k
Thrivent Financial for Lutherans Reduced -42,900-42.9k
Mariner, LLC Reduced -40,695-40.7k
Addison Advisors LLC Reduced -37,797-37.8k
EXCHANGE TRADED CONCEPTS, LLC Reduced -29,058-29.1k

Biggest calls

CITADEL ADVISORS LLC Added $543.8k6.1k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Strategic Financial Services, Inc. 14.76% of their portfolio UTICA, NY 3,777,7843.8m $336.8m $336.8m 14.76% Reduced -58.7k -58,658
2 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 3,244,7193.2m $289.2m $289.2m 0.04% Added +660.3k +660,321
3 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 3,047,5593.0m $271.7m $271.7m 0.05% Added +78.7k +78,738
4 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 2,175,6442.2m $194.2m $194.2m 0.04% Added +189.2k +189,242
5 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,593,4751.6m $142.0m $142.0m 0.03% Added +48.6k +48,633
6 Advance Capital Management, Inc. 4.25% of their portfolio SOUTHFIELD, MI 1,476,5121.5m $131.6m $131.6m 4.25% Reduced -69.3k -69,274
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,428,2581.4m $127.3m $127.3m 0.01% Added +426.1k +426,121
8 Valmark Advisers, Inc. 1.21% of their portfolio AKRON, OH 1,280,8401.3m $114.2m $114.2m 1.21% Reduced -53.8k -53,795
9 Acropolis Investment Management, LLC 3.46% of their portfolio ST. LOUIS, MO 982,634982.6k $87.6m $87.6m 3.46% Added +3.6k +3,589
10 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 832,049832.0k $74.2m $74.2m 0.07% Added +78.3k +78,300
11 Modern Wealth Management, LLC 0.86% of their portfolio KANSAS CITY, MO 809,068809.1k $72.1m $72.1m 0.86% Added +75.1k +75,094
12 Cambridge Investment Research Advisors, Inc. 0.08% of their portfolio FAIRFIELD, IA 789,936789.9k $70.4m $70.4m 0.08% Added +411.7k +411,727
13 FMR LLC 0.00% of their portfolio BOSTON, MA 720,940720.9k $64.3m $64.3m 0.00% Reduced -61.6k -61,628
14 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.44% of their portfolio WASHINGTON, DC 667,125667.1k $59.5m $59.5m 0.44% Unchanged
15 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 645,667645.7k $57.6m $57.6m 0.06% Added +54.6k +54,639
16 Annex Advisory Services, LLC 0.95% of their portfolio BROOKFIELD, WI 625,277625.3k $55.7m $55.7m 0.95% Added +64.3k +64,316
17 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 488,894488.9k $43.6m $43.6m 0.01% Added +95.6k +95,576
18 BlackRock, Inc. 0.00% of their portfolio New York, NY 481,475481.5k $42.9m $42.9m 0.00% Added +41.7k +41,672
19 Cornerstone Planning Group LLC 5.24% of their portfolio FAIRFIELD, NJ 481,038481.0k $41.6m $41.6m 5.24% Added +9.9k +9,891
20 Financial Management Professionals, Inc. 4.01% of their portfolio AUSTIN, TX 474,926474.9k $42.3m $42.3m 4.01% Reduced -48.3k -48,264
21 Clearwater Capital Advisors, LLC 3.10% of their portfolio HOFFMAN ESTATES, IL 474,741474.7k $42.3m $42.3m 3.10% Reduced -4.5k -4,468
22 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 464,450464.4k $41.4m $41.4m 0.05% Added +173.0k +172,952
23 Ullmann Wealth Partners Group, LLC 3.49% of their portfolio JACKSONVILLE BEACH, FL 430,738430.7k $38.4m $38.4m 3.49% Reduced -2.1k -2,091
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 413,988414.0k $36.9m $36.9m 0.02% Added +121.6k +121,566
25 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.11% of their portfolio LOS ANGELES, CA 395,557395.6k $35.2m $35.2m 0.11% New
26 Pacific Center for Financial Services 7.53% of their portfolio DANVILLE, CA 378,802378.8k $33.8m $33.8m 7.53% Added +515 +515
27 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 357,412357.4k $31.9m $31.9m 0.04% Added +32.1k +32,101
28 Madison Wealth Partners, Inc 3.62% of their portfolio MADISON, WI 319,045319.0k $28.4m $28.4m 3.62% Added +14.1k +14,111
29 River Wealth Advisors LLC 2.94% of their portfolio CAMP HILL, PA 315,394315.4k $28.1m $28.1m 2.94% Reduced -2.6k -2,580
30 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 294,229294.2k $26.2m $26.2m 0.00% Added +79.5k +79,549
31 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 291,939291.9k $26.0m $26.0m 0.03% Added +2.0k +2,050
32 Fox Financial, Inc 17.46% of their portfolio WYOMISSING, PA 281,234281.2k $25.1m $25.1m 17.46% Reduced -2.1k -2,142
33 Private Advisor Group, LLC 0.11% of their portfolio MORRISTOWN, NJ 277,468277.5k $24.7m $24.7m 0.11% Added +2.7k +2,740
34 RESTON WEALTH MANAGEMENT LLC 6.36% of their portfolio Reston, VA 264,869264.9k $23.6m $23.6m 6.36% Reduced -1.4k -1,419
35 INTEGRITY ALLIANCE, LLC. 0.73% of their portfolio Urbandale, IA 259,831259.8k $23.2m $23.2m 0.73% Reduced -1.0k -1,038
36 UBS Group AG 0.00% of their portfolio ZURICH, V8 222,938222.9k $19.9m $19.9m 0.00% Added +12.5k +12,528
37 YHB Investment Advisors, Inc. 1.27% of their portfolio West Hartford, CT 222,217222.2k $19.8m $19.8m 1.27% Added +32.4k +32,382
38 Family Office Research LLC 6.86% of their portfolio Bethesda, MD 205,028205.0k $18.3m $18.3m 6.86% Reduced -388 -388
39 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 202,079202.1k $18.0m $18.0m 0.04% Added +54.5k +54,451
40 PEAPACK GLADSTONE FINANCIAL CORP 0.20% of their portfolio BEDMINSTER, NJ 197,730197.7k $17.6m $17.6m 0.20% Added +19.1k +19,123
41 Beacon Pointe Advisors, LLC 0.08% of their portfolio NEWPORT BEACH, CA 187,571187.6k $16.7m $16.7m 0.08% Reduced -376 -376
42 Geneos Wealth Management Inc. 0.33% of their portfolio ENGLEWOOD, CO 180,426180.4k $16.1m $16.1m 0.33% Reduced -108 -108
43 AssuredPartners Investment Advisors, LLC 1.43% of their portfolio Tampa, FL 165,459165.5k $14.7m $14.7m 1.43% Added +2.3k +2,275
44 PTM WEALTH MANAGEMENT, LLC 6.23% of their portfolio NORTH WALES, PA 160,957161.0k $13.8m $13.8m 6.23% Added +9.4k +9,377
45 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 154,566154.6k $13.8m $13.8m 0.03% Reduced -6.0k -6,009
46 WCG Wealth Advisors LLC 0.32% of their portfolio LAS VEGAS, NV 152,433152.4k $13.6m $13.6m 0.32% Added +2.1k +2,097
47 AllGen Financial Advisors, Inc. 2.93% of their portfolio ORLANDO, FL 150,295150.3k $13.4m $13.4m 2.93% Reduced -3.4k -3,417
48 Stratos Wealth Partners, LTD. 0.13% of their portfolio BEACHWOOD, OH 150,187150.2k $13.4m $13.4m 0.13% Added +2.5k +2,479
49 EVOLVE PRIVATE WEALTH, LLC 0.81% of their portfolio LOS ANGELES, CA 148,407148.4k $13.2m $13.2m 0.81% Added +2.2k +2,155
50 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 147,559147.6k $13.2m $13.2m 0.02% Reduced -2.2k -2,192
51 Integrated Wealth Concepts LLC 0.06% of their portfolio WALTHAM, MA 138,975139.0k $12.4m $12.4m 0.06% Added +3.0k +3,030
52 EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio Oklahoma City, OK 137,682137.7k $12.3m $12.3m 0.06% Reduced -29.1k -29,058
53 TRB Wealth Management, LLC 1.50% of their portfolio HOUSTON, TX 126,394126.4k $11.3m $11.3m 1.50% Unchanged
54 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 125,857125.9k $11.2m $11.2m 0.00% Reduced -2.9k -2,895
55 Weil Company, Inc. 1.91% of their portfolio SAN DIEGO, CA 121,747121.7k $10.9m $10.9m 1.91% Added +11.7k +11,655
56 COZAD ASSET MANAGEMENT INC 0.67% of their portfolio CHAMPAIGN, IL 116,659116.7k $10.4m $10.4m 0.67% Added +1.7k +1,706
57 Wealth Enhancement Trust Services, Inc. 1.13% of their portfolio SIOUX FALLS, SD 114,523114.5k $10.2m $10.2m 1.13% Reduced -20.2k -20,199
58 Wingate Wealth Advisors, Inc. 4.24% of their portfolio LEXINGTON, MA 107,883107.9k $9.6m $9.6m 4.24% Added +6.5k +6,456
59 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 107,021107.0k $9.5m $9.5m 0.01% Added +1.7k +1,652
60 Denver PWM, LLC 3.17% of their portfolio DENVER, CO 106,982107.0k $9.7m $9.7m 3.17% Added +3.2k +3,208
61 Steward Partners Investment Advisory, LLC 0.05% of their portfolio STAMFORD, CT 106,216106.2k $9.5m $9.5m 0.05% Added +37.7k +37,706
62 PARK AVENUE SECURITIES LLC 0.06% of their portfolio NEW YORK, NY 104,888104.9k $9.3m $9.3m 0.06% Added +15.2k +15,197
63 FLC Capital Advisors 1.49% of their portfolio PALM DESERT, CA 102,093102.1k $9.1m $9.1m 1.49% Reduced -940 -940
64 SCHMIDT P J INVESTMENT MANAGEMENT INC 1.34% of their portfolio CEDARBURG, WI 96,52996.5k $8.6m $8.6m 1.34% Added +4.1k +4,059
65 Redhawk Wealth Advisors, Inc. 0.82% of their portfolio MINNEAPOLIS, MN 93,33193.3k $8.3m $8.3m 0.82% Added +64.8k +64,821
66 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 92,67992.7k $8.3m $8.3m 0.03% Added +13.2k +13,219
67 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 89,23489.2k $8.0m $8.0m 0.00% Added +17.4k +17,352
68 CORA CAPITAL ADVISORS LLC 2.22% of their portfolio MARLTON, NJ 88,71088.7k $7.9m $7.9m 2.22% Reduced -424 -424
69 Wealthcare Advisory Partners LLC 0.15% of their portfolio WEST CHESTER, PA 87,39987.4k $7.8m $7.8m 0.15% Added +2.1k +2,099
70 DDFG, Inc 1.53% of their portfolio THOUSAND OAKS, CA 86,31086.3k $7.7m $7.7m 1.53% Reduced -9 -9
71 D.A. DAVIDSON & CO. 0.04% of their portfolio GREAT FALLS, MT 76,83376.8k $6.8m $6.8m 0.04% Reduced -7.7k -7,724
72 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 76,34776.3k $6.8m $6.8m 0.01% Reduced -2 -2
73 Aspen Wealth Strategies, LLC 3.27% of their portfolio ARVADA, CO 75,83875.8k $6.8m $6.8m 3.27% Added +1.3k +1,253
74 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 74,84374.8k $6.7m $6.7m 0.04% Reduced -1.7k -1,744
75 GeoWealth Management, LLC 0.21% of their portfolio CHICAGO, IL 74,64874.6k $6.7m $6.7m 0.21% Reduced -1.9k -1,911
76 FMA Wealth Management, LLC 4.23% of their portfolio DUXBURY, MA 74,12574.1k $6.6m $6.6m 4.23% Reduced -1.8k -1,786
77 GEM Asset Management, LLC 2.51% of their portfolio Plymouth, MI 71,51271.5k $6.4m $6.4m 2.51% Added +1.1k +1,108
78 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 70,41070.4k $6.3m $6.3m 0.00% Added +17.9k +17,871
79 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 65,26965.3k $5.8m $5.8m 0.02% Added +3.5k +3,465
80 Equitable Holdings, Inc. 0.03% of their portfolio NEW YORK, NY 63,10463.1k $5.6m $5.6m 0.03% Reduced -5.1k -5,119
81 Perigon Wealth Management, LLC 0.09% of their portfolio SAN FRANCISCO, CA 62,80362.8k $5.6m $5.6m 0.09% Added +11.2k +11,221
82 Beirne Wealth Consulting Services, LLC 1.07% of their portfolio SHELTON, CT 60,30260.3k $5.4m $5.4m 1.07% Added +306 +306
83 Vista Cima Wealth Management LLC 4.00% of their portfolio SURPRISE, AZ 60,23960.2k $5.4m $5.4m 4.00% Added +532 +532
84 CARY STREET PARTNERS FINANCIAL LLC 0.12% of their portfolio RICHMOND, VA 59,59559.6k $5.3m $5.3m 0.12% Added +35.3k +35,296
85 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 59,40759.4k $5.3m $5.3m 0.04% Reduced -6.1k -6,087
86 Goldstone Financial Group, LLC 0.48% of their portfolio OAKBROOK TERRACE, IL 58,68658.7k $5.2m $5.2m 0.48% Added +31.6k +31,553
87 Santori & Peters, Inc. 1.44% of their portfolio CANONSBURG, PA 57,09657.1k $5.1m $5.1m 1.44% Added +370 +370
88 Live Oak Investment Partners 2.74% of their portfolio AUSTIN, TX 57,05157.1k $5.1m $5.1m 2.74% Added +1.9k +1,851
89 THOROUGHBRED FINANCIAL SERVICES, LLC 0.24% of their portfolio BRENTWOOD, TN 54,97555.0k $4.9m $4.9m 0.24% Added +3.9k +3,850
90 SUMMITPOINT CAPITAL MANAGEMENT 4.96% of their portfolio LITTLETON, CO 51,60451.6k $4.6m $4.6m 4.96% Added +21.2k +21,167
91 Williams Financial, LLC 2.34% of their portfolio NORTH BENNINGTON, VT 50,76150.8k $4.5m $4.5m 2.34% Added +2.2k +2,235
92 Tyche Wealth Partners LLC 0.62% of their portfolio PLANO, TX 49,28849.3k $4.4m $4.4m 0.62% Reduced -7 -7
93 Signal Advisors Wealth, LLC 0.23% of their portfolio DETROIT, MI 48,17448.2k $4.3m $4.3m 0.23% Added +24.9k +24,906
94 Apollon Financial, LLC 0.50% of their portfolio MOUNT PLEASANT, SC 47,58147.6k $4.2m $4.2m 0.50% Reduced -967 -967
95 NOVEM GROUP 0.42% of their portfolio Rochester, NY 46,92246.9k $4.2m $4.2m 0.42% Reduced -253 -253
96 Flagship Private Wealth, LLC 1.47% of their portfolio Woburn, MA 46,69646.7k $4.2m $4.2m 1.47% Added +1.9k +1,884
97 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 43,42143.4k $3.9m $3.9m 0.01% Reduced -1.6k -1,648
98 Ascent Wealth Partners, LLC 0.37% of their portfolio NEW HARTFORD, NY 41,35941.4k $3.7m $3.7m 0.37% Reduced -957 -957
99 Capital Analysts, LLC 0.08% of their portfolio FORT WASHINGTON, PA 38,46138.5k $3.4m $3.4m 0.08% Added +410 +410
100 Premier Path Wealth Partners, LLC 0.39% of their portfolio MADISON, NJ 38,13338.1k $3.4m $3.4m 0.39% Added +5.1k +5,068