Vault-13

ISHARES TR SHYG

0-5YR HI YL CP · ETP · CUSIP 46434V407

536 institutional holders +2 vs Q1 2025
129,143,909129.1m shares reported held*
$5.6bnreported value*
53 new 238 added 174 reduced 55 sold out net bought ≈ $589.0m (+13.7m 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 ($7.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $43.12. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 448Q4 22: 572Q1 23: 504Q2 23: 494Q3 23: 473Q4 23: 507Q1 24: 501Q2 24: 515Q3 24: 519Q4 24: 544Q1 25: 534Q2 25: 536536Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022448
Q4 2022572
Q1 2023504
Q2 2023494
Q3 2023473
Q4 2023507
Q1 2024501
Q2 2024515
Q3 2024519
Q4 2024544
Q1 2025534
Q2 2025536

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 211 bought or addedQ3 23: 255 cut or sold outQ4 23: 243 bought or addedQ4 23: 210 cut or sold outQ4 23Q1 24: 277 bought or addedQ1 24: 220 cut or sold outQ2 24: 267 bought or addedQ2 24: 213 cut or sold outQ2 24Q3 24: 274 bought or addedQ3 24: 206 cut or sold outQ4 24: 281 bought or addedQ4 24: 199 cut or sold outQ4 24Q1 25: 283 bought or addedQ1 25: 217 cut or sold outQ2 25: 291 bought or addedQ2 25: 229 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023211255
Q4 2023243210
Q1 2024277220
Q2 2024267213
Q3 2024274206
Q4 2024281199
Q1 2025283217
Q2 2025291229

Biggest buyers

ROYAL BANK OF CANADA Added +14,400,157+14.4m
ENVESTNET ASSET MANAGEMENT INC Added +1,552,427+1.6m
RiverFront Investment Group, LLC Added +917,031+917.0k
Permanens Capital L.P. New +881,749+881.7k
Bramshill Investments, LLC Added +783,821+783.8k
OSAIC HOLDINGS, INC. Added +732,422+732.4k
Hilton Capital Management, LLC New +685,212+685.2k
Empower Advisory Group, LLC Added +550,128+550.1k
PARK AVENUE SECURITIES LLC New +485,338+485.3k
MORGAN STANLEY Added +479,318+479.3k

Biggest sellers

GRIMES & Co WEALTH MANAGEMENT, LLC Reduced -4,811,024-4.8m
TOWNSQUARE CAPITAL LLC Reduced -1,850,463-1.9m
Atria Investments, Inc Reduced -706,595-706.6k
Gallagher Fiduciary Advisors, LLC Reduced -705,458-705.5k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -667,733-667.7k
Greystone Financial Group, LLC Sold out -647,491-647.5k
Mader & Shannon Wealth Management, Inc. Sold out -411,869-411.9k
Cetera Investment Advisers Reduced -282,014-282.0k
Partners Value Investments L.P. Sold out -241,302-241.3k
JANE STREET GROUP, LLC Sold out -217,196-217.2k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.11% of their portfolio TORONTO, A6 27,333,42427.3m $1.2bn $1.2bn 0.11% Added +14.4m +14,400,157
2 ASSETMARK, INC 1.06% of their portfolio CONCORD, CA 10,397,27210.4m $448.5m $448.5m 1.06% Added +424.4k +424,368
3 Empower Advisory Group, LLC 1.25% of their portfolio Greenwood Village, CO 9,687,4749.7m $417.9m $417.9m 1.25% Added +550.1k +550,128
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,046,9546.0m $260.9m $260.9m 0.00% Added +3.3k +3,289
5 Japan Science & Technology Agency 3.05% of their portfolio TOKYO, M0 4,450,0004.5m $192.0m $192.0m 3.05% Unchanged
6 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 4,008,1784.0m $172.9m $172.9m 0.05% Added +1.6m +1,552,427
7 COMMONWEALTH EQUITY SERVICES, LLC 0.18% of their portfolio WALTHAM, MA 3,167,3243.2m $136.6m $136.6m 0.18% Reduced -667.7k -667,733
8 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,009,9703.0m $129.9m $129.9m 0.01% Added +479.3k +479,318
9 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,589,5032.6m $111.7m $111.7m 0.04% Added +308.6k +308,641
10 State of New Jersey Common Pension Fund D 0.40% of their portfolio TRENTON, NJ 2,403,5192.4m $103.7m $103.7m 0.40% Unchanged
11 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,343,7642.3m $101.1m $101.1m 0.01% Added +222.9k +222,888
12 Wealthfront Advisers LLC 0.26% of their portfolio Palo Alto, CA 2,339,8042.3m $100.9m $100.9m 0.26% Reduced -42.6k -42,618
13 NEPC LLC 2.40% of their portfolio Boston, MA 2,200,9632.2m $94.9m $94.9m 2.40% Unchanged
14 MERCER GLOBAL ADVISORS INC /ADV 0.17% of their portfolio DENVER, CO 1,801,1711.8m $77.6m $77.6m 0.17% Reduced -103.7k -103,744
15 Bramshill Investments, LLC 7.95% of their portfolio NAPLES, FL 1,761,4811.8m $76.0m $76.0m 7.95% Added +783.8k +783,821
16 Ocean Park Asset Management, LLC 2.46% of their portfolio SANTA MONICA, CA 1,628,0001.6m $69.2m $69.2m 2.46% Unchanged
17 ARCH CAPITAL GROUP LTD. 22.52% of their portfolio PEMBROKE, D0 1,531,2501.5m $66.1m $66.1m 22.52% Unchanged
18 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,450,0071.5m $62.6m $62.6m 0.01% Added +150.5k +150,478
19 NOMURA ASSET MANAGEMENT CO LTD 0.17% of their portfolio TOKYO, M0 1,431,9001.4m $61.8m $61.8m 0.17% Added +314.3k +314,300
20 RiverFront Investment Group, LLC 1.02% of their portfolio RICHMOND, VA 1,216,9301.2m $52.5m $52.5m 1.02% Added +917.0k +917,031
21 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 1,174,2811.2m $50.2m $50.2m 0.09% Added +732.4k +732,422
22 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,148,1971.1m $49.5m $49.5m 0.02% Added +438.5k +438,520
23 Sound Income Strategies, LLC 2.52% of their portfolio FT LAUDERDALE, FL 1,020,2141.0m $44.0m $44.0m 2.52% Reduced -4.3k -4,298
24 Permanens Capital L.P. 5.19% of their portfolio NEW YORK, NY 881,749881.7k $38.0m $38.0m 5.19% New
25 Advisors Capital Management, LLC 0.52% of their portfolio RIDGEWOOD, NJ 874,294874.3k $37.7m $37.7m 0.52% Added +50.9k +50,913
26 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 818,046818.0k $35.3m $35.3m 0.01% Added +2.8k +2,795
27 UBS Group AG 0.01% of their portfolio ZURICH, V8 744,118744.1k $32.1m $32.1m 0.01% Reduced -43.4k -43,405
28 Hilton Capital Management, LLC 2.36% of their portfolio Garden City, NY 685,212685.2k $29.6m $29.6m 2.36% New
29 Mariner, LLC 0.04% of their portfolio Overland Park, KS 637,079637.1k $27.5m $27.5m 0.04% Reduced -20.4k -20,410
30 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 629,985630.0k $27.2m $27.2m 0.05% Reduced -282.0k -282,014
31 Betterment LLC 0.05% of their portfolio NEW YORK, NY 591,634591.6k $25.5m $25.5m 0.05% Added +50.2k +50,246
32 Motley Fool Wealth Management, LLC 1.51% of their portfolio ALEXANDRIA, VA 578,233578.2k $24.9m $24.9m 1.51% Reduced -61.8k -61,819
33 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 534,206534.2k $23.0m $23.0m 0.02% Reduced -23.2k -23,237
34 Baker Avenue Asset Management, LP 0.61% of their portfolio SAN FRANCISCO, CA 494,622494.6k $21.3m $21.3m 0.61% Added +11.9k +11,870
35 PARK AVENUE SECURITIES LLC 0.19% of their portfolio NEW YORK, NY 485,338485.3k $20.9m $20.9m 0.19% New
36 Financial Gravity Companies, Inc. 3.99% of their portfolio Lakeway, TX 471,100471.1k $20.3m $20.3m 3.99% First filing
37 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 465,337465.3k $20.1m $20.1m 0.03% Reduced -32.9k -32,872
38 Allspring Global Investments Holdings, LLC 0.03% of their portfolio CHARLOTTE, NC 447,528447.5k $19.3m $19.3m 0.03% Unchanged
39 ATWOOD & PALMER INC 1.18% of their portfolio KANSAS CITY, MO 436,172436.2k $18.8m $18.8m 1.18% Added +150.1k +150,149
40 Ninety One UK Ltd 0.04% of their portfolio London, X0 423,751423.8k $18.3m $18.3m 0.04% Unchanged
41 High Probability Advisors, LLC 2.68% of their portfolio Pittsford, NY 414,764414.8k $17.9m $17.9m 2.68% Added +23.6k +23,564
42 SCOTIA CAPITAL INC. 0.08% of their portfolio TORONTO, A6 406,648406.6k $17.5m $17.5m 0.08% Added +206.4k +206,443
43 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 404,290404.3k $17.4m $17.4m 0.03% Added +62.5k +62,477
44 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 397,693397.7k $17.2m $17.2m 0.00% Added +18.0k +18,016
45 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 383,821383.8k $16.6m $16.6m 0.02% Added +51.5k +51,491
46 Matthew Goff Investment Advisor, LLC 3.04% of their portfolio HOUSTON, TX 380,537380.5k $16.4m $16.4m 3.04% Reduced -42.8k -42,761
47 MAI Capital Management 0.11% of their portfolio INDEPENDENCE, OH 356,360356.4k $15.4m $15.4m 0.11% Reduced -17.4k -17,389
48 Trivium Point Advisory, LLC 1.63% of their portfolio WILTON, CT 348,131348.1k $15.0m $15.0m 1.63% Added +33.7k +33,663
49 Belpointe Asset Management LLC 0.60% of their portfolio RENO, NV 334,355334.4k $14.4m $14.4m 0.60% New
50 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 319,903319.9k $13.8m $13.8m 0.04% Reduced -109.6k -109,635
51 KilterHowling LLC 8.19% of their portfolio BOULDER, CO 318,795318.8k $13.8m $13.8m 8.19% Added +10.3k +10,342
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 316,759316.8k $13.7m $13.7m 0.00% Added +77.0k +77,000
53 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.19% of their portfolio CINCINNATI, OH 313,519313.5k $13.5m $13.5m 0.19% Reduced -6.2k -6,220
54 Pathstone Holdings, LLC 0.05% of their portfolio ENGLEWOOD, NJ 299,848299.8k $12.9m $12.9m 0.05% Reduced -90.5k -90,512
55 Gibbs Wealth Management 2.41% of their portfolio Alpharetta, GA 290,391290.4k $12.5m $12.5m 2.41% Added +22.5k +22,490
56 SWEENEY & MICHEL, LLC 4.37% of their portfolio CHICO, CA 287,658287.7k $12.3m $12.3m 4.37% Added +13.5k +13,541
57 Clearstead Advisors, LLC 0.16% of their portfolio CLEVELAND, OH 260,974261.0k $11.3m $11.3m 0.16% Added +108.0k +108,019
58 RETIREMENT FINANCIAL SOLUTIONS, LLC 3.90% of their portfolio KNOXVILLE, TN 257,021257.0k $11.1m $11.1m 3.90% Reduced -2.0k -1,963
59 Cascade Wealth Advisors, Inc 6.13% of their portfolio WENATCHEE, WA 252,550252.6k $10.8m $10.8m 6.13% Reduced -47.3k -47,338
60 OneDigital Investment Advisors LLC 0.12% of their portfolio OVERLAND PARK, KS 250,458250.5k $10.8m $10.8m 0.12% Reduced -19.4k -19,385
61 Legacy Financial Group LLC 1.51% of their portfolio DES MOINES, IA 250,077250.1k $10.8m $10.8m 1.51% Added +2.4k +2,447
62 Members Advisory Group LLC 3.92% of their portfolio WILLIAMSVILLE, NY 241,812241.8k $10.4m $10.4m 3.92% Reduced -309 -309
63 Freestate Advisors LLC 9.29% of their portfolio OVERLAND PARK, KS 241,057241.1k $10.4m $10.4m 9.29% Reduced -4.1k -4,115
64 FORONJY FINANCIAL LLC 4.78% of their portfolio Los Osos, CA 236,958237.0k $10.2m $10.2m 4.78% First filing
65 CAPSTONE INVESTMENT ADVISORS, LLC 0.09% of their portfolio NEW YORK, NY 234,101234.1k $10.1m $10.1m 0.09% Added +36.0k +36,000
66 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 231,390231.4k $10.0m $10.0m 0.03% Added +191.1k +191,135
67 Peak Financial Management, Inc. 2.84% of their portfolio WELLESLEY, MA 231,161231.2k $10.0m $10.0m 2.84% Added +5.4k +5,400
68 KITCHING PARTNERS, LLC 9.85% of their portfolio CONSHOHOCKEN, PA 225,023225.0k $9.7m $9.7m 9.85% Added +10.4k +10,384
69 Waterloo Capital, L.P. 0.76% of their portfolio AUSTIN, TX 219,280219.3k $9.5m $9.5m 0.76% Reduced -11.1k -11,051
70 Powers Advisory Group, LLC 4.13% of their portfolio Highland, IL 217,929217.9k $9.4m $9.4m 4.13% Added +5.6k +5,583
71 FINANCIAL ADVISORY PARTNERS, LLC 2.95% of their portfolio WINTER PARK, FL 217,415217.4k $9.4m $9.4m 2.95% Reduced -183.5k -183,477
72 MGO ONE SEVEN LLC 0.29% of their portfolio Beachwood, OH 205,574205.6k $8.9m $8.9m 0.29% Added +10.9k +10,945
73 Whitford Management LLC 9.25% of their portfolio NEW YORK, NY 202,000202.0k $8.7m $8.7m 9.25% Not comparable
74 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 196,241196.2k $8.5m $8.5m 0.00% New
75 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 195,411195.4k $8.4m $8.4m 0.03% Reduced -20.0k -20,028
76 SSI INVESTMENT MANAGEMENT LLC 0.57% of their portfolio Los Angeles, CA 187,827187.8k $8.1m $8.1m 0.57% New
77 FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC 0.41% of their portfolio Greenbrae, CA 185,457185.5k $8.0m $8.0m 0.41% Reduced -2.5k -2,530
78 Blue Barn Wealth, LLC 3.69% of their portfolio OREM, UT 181,417181.4k $7.8m $7.8m 3.69% Added +4.1k +4,090
79 Graypoint LLC 0.44% of their portfolio Albany, NY 181,200181.2k $7.8m $7.8m 0.44% Added +7.0k +6,972
80 Kestra Advisory Services, LLC 0.04% of their portfolio AUSTIN, TX 171,168171.2k $7.4m $7.4m 0.04% Added +2.5k +2,480
81 My Legacy Advisors, LLC 2.61% of their portfolio BEND, OR 171,103171.1k $7.3m $7.3m 2.61% Added +6.5k +6,505
82 Curtis Advisory Group, LLC 1.85% of their portfolio SANTA BARBARA, CA 170,818170.8k $7.4m $7.4m 1.85% Added +19.6k +19,622
83 AVANTAX ADVISORY SERVICES, INC. 0.04% of their portfolio DALLAS, TX 165,940165.9k $7.2m $7.2m 0.04% Added +11.0k +10,975
84 Western Asset Management Company, LLC 9.34% of their portfolio Pasadena, CA 165,300165.3k $7.1m $7.1m 9.34% New
85 Quadrature Capital Ltd 0.12% of their portfolio LONDON, X0 165,231165.2k $7.1m $7.1m 0.12% New
86 Ascent Group, LLC 0.26% of their portfolio VIRGINIA BEACH, VA 156,133156.1k $6.7m $6.7m 0.26% Reduced -56.7k -56,732
87 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 155,562155.6k $6.7m $6.7m 0.00% Added +968 +968
88 Financial Sense Advisors, Inc. 1.59% of their portfolio SAN DIEGO, CA 152,590152.6k $6.6m $6.6m 1.59% New
89 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.04% of their portfolio Stamford, CT 148,889148.9k $6.4m $6.4m 0.04% Added +76.4k +76,356
90 TOWNSQUARE CAPITAL LLC 0.61% of their portfolio Lehi, UT 144,287144.3k $6.2m $6.2m 0.61% Reduced -1.9m -1,850,463
91 Towercrest Capital Management 1.09% of their portfolio NEWTOWN, PA 141,807141.8k $6.1m $6.1m 1.09% Reduced -35 -35
92 Integrated Wealth Concepts LLC 0.06% of their portfolio WALTHAM, MA 135,890135.9k $5.9m $5.9m 0.06% Reduced -91.3k -91,301
93 Alesco Advisors, LLC, An ESL Co 0.17% of their portfolio Pittsford, NY 135,265135.3k $5.8m $5.8m 0.17% Added +72.1k +72,070
94 EFG Private Wealth Management (Americas) Corp. 1.05% of their portfolio MIAMI, FL 131,752131.8k $5.7m $5.7m 1.05% Added +102.4k +102,357
95 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 130,476130.5k $5.6m $5.6m 0.06% Reduced -101.9k -101,874
96 Hudock, Inc. 0.90% of their portfolio Williamsport, PA 130,429130.4k $5.6m $5.6m 0.90% Added +4.5k +4,524
97 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 1.88% of their portfolio WALTHAM, MA 130,045130.0k $5.6m $5.6m 1.88% Added +14.9k +14,942
98 Sage Advisory Services, Ltd.Co. 2.92% of their portfolio AUSTIN, TX 124,423124.4k $5.4m $5.4m 2.92% Added +7.1k +7,095
99 Avior Wealth Management, LLC 0.18% of their portfolio OMAHA, NE 123,202123.2k $5.3m $5.3m 0.18% Added +33.5k +33,525
100 ADELL HARRIMAN & CARPENTER INC 0.35% of their portfolio HOUSTON, TX 122,031122.0k $5.3m $5.3m 0.35% Reduced -3.6k -3,585