Vault-13

ISHARES TR REET

GLOBAL REIT ETF · ETP · CUSIP 46434V647

289 institutional holders +6 vs Q1 2025
76,311,97376.3m shares reported held*
$1.9bnreported value*
24 new 107 added 100 reduced 16 sold out net bought ≈ $18.9m (-96.1k 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 ($9.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $24.79. Options: 1 managers hold calls ($321.1k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 241Q4 22: 265Q1 23: 251Q2 23: 256Q3 23: 251Q4 23: 275Q1 24: 265Q2 24: 270Q3 24: 273Q4 24: 290Q1 25: 283Q2 25: 289289Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022241
Q4 2022265
Q1 2023251
Q2 2023256
Q3 2023251
Q4 2023275
Q1 2024265
Q2 2024270
Q3 2024273
Q4 2024290
Q1 2025283
Q2 2025289

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 119 bought or addedQ3 23: 111 cut or sold outQ4 23: 130 bought or addedQ4 23: 118 cut or sold outQ4 23Q1 24: 124 bought or addedQ1 24: 131 cut or sold outQ2 24: 117 bought or addedQ2 24: 132 cut or sold outQ2 24Q3 24: 115 bought or addedQ3 24: 133 cut or sold outQ4 24: 142 bought or addedQ4 24: 117 cut or sold outQ4 24Q1 25: 136 bought or addedQ1 25: 119 cut or sold outQ2 25: 131 bought or addedQ2 25: 116 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023119111
Q4 2023130118
Q1 2024124131
Q2 2024117132
Q3 2024115133
Q4 2024142117
Q1 2025136119
Q2 2025131116

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 24 calls: $723.3kQ3 24 puts: $360.3kQ3 24P/C 0.50Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $321.1kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$723.3k$360.3k0.50
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$321.1k$00.00

Biggest buyers

ROYAL BANK OF CANADA Added +1,065,862+1.1m
JANE STREET GROUP, LLC New +975,311+975.3k
BANK OF AMERICA CORP /DE/ Added +312,423+312.4k
NEPC LLC Added +289,566+289.6k
SageView Advisory Group, LLC Added +288,303+288.3k
Savant Capital, LLC Added +232,095+232.1k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Added +212,496+212.5k
TORONTO DOMINION BANK Added +146,920+146.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +132,509+132.5k
Modera Wealth Management, LLC Added +124,689+124.7k

Biggest sellers

PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -1,832,985-1.8m
Wilshire Advisors LLC Sold out -782,038-782.0k
BANK OF MONTREAL /CAN/ Reduced -756,418-756.4k
Waterford Advisors, LLC Reduced -265,092-265.1k
NICOLA WEALTH MANAGEMENT LTD. Reduced -225,000-225.0k
Money Design Co.,Ltd. Reduced -175,361-175.4k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -169,576-169.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -99,974-100.0k
NISA INVESTMENT ADVISORS, LLC Sold out -99,600-99.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -92,215-92.2k

Biggest calls

CITADEL ADVISORS LLC New $321.1k13.0k 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 Valmark Advisers, Inc. 2.00% of their portfolio AKRON, OH 5,816,9945.8m $143.7m $143.7m 2.00% Added +102.6k +102,585
2 HSBC HOLDINGS PLC 0.09% of their portfolio LONDON, X0 5,681,0215.7m $140.3m $140.3m 0.09% Unchanged
3 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 5,013,1695.0m $123.8m $123.8m 0.09% Added +132.5k +132,509
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,936,9964.9m $121.9m $121.9m 0.00% Added +297 +297
5 M&T Bank Corp 0.42% of their portfolio BUFFALO, NY 4,912,5714.9m $121.3m $121.3m 0.42% Reduced -4.5k -4,465
6 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,392,8073.4m $83.8m $83.8m 0.01% Reduced -2.1k -2,117
7 SageView Advisory Group, LLC 2.76% of their portfolio Newport Beach, CA 2,951,6903.0m $73.0m $73.0m 2.76% Added +288.3k +288,303
8 Savant Capital, LLC 0.46% of their portfolio ROCKFORD, IL 2,619,3882.6m $64.7m $64.7m 0.46% Added +232.1k +232,095
9 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 1,950,1762.0m $48.2m $48.2m 0.02% Reduced -756.4k -756,418
10 NEPC LLC 1.16% of their portfolio Boston, MA 1,851,6231.9m $45.7m $45.7m 1.16% Added +289.6k +289,566
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,778,7781.8m $43.9m $43.9m 0.00% Added +1.1m +1,065,862
12 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,617,9011.6m $40.0m $40.0m 0.01% Added +46.8k +46,834
13 Heritage Investment Group, Inc. 6.71% of their portfolio POMPANO BEACH, FL 1,575,2011.6m $38.9m $38.9m 6.71% Added +16.3k +16,308
14 PDS Planning, Inc 2.62% of their portfolio DUBLIN, OH 1,422,6621.4m $35.1m $35.1m 2.62% Added +63.1k +63,137
15 PARTNERS CAPITAL INVESTMENT GROUP, LLP 1.32% of their portfolio BOSTON, MA 1,338,0321.3m $33.0m $33.0m 1.32% Reduced -1.8m -1,832,985
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,203,5171.2m $29.7m $29.7m 0.00% Added +39.0k +38,956
17 Modera Wealth Management, LLC 0.36% of their portfolio WESTWOOD, NJ 1,181,5831.2m $29.2m $29.2m 0.36% Added +124.7k +124,689
18 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 1,164,9261.2m $28.8m $28.8m 0.04% Reduced -10.5k -10,521
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,053,7341.1m $26.0m $26.0m 0.00% Added +312.4k +312,423
20 Sumitomo Mitsui DS Asset Management Company, Ltd 0.23% of their portfolio TOKYO, M0 1,038,0211.0m $25.6m $25.6m 0.23% Added +21.4k +21,359
21 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 975,311975.3k $24.1m $24.1m 0.04% New
22 NICOLA WEALTH MANAGEMENT LTD. 2.09% of their portfolio VANCOUVER, A1 903,300903.3k $22.3m $22.3m 2.09% Reduced -225.0k -225,000
23 Diversified Portfolios, Inc. 2.01% of their portfolio Bloomfield Hills, MI 853,902853.9k $21.1m $21.1m 2.01% Added +38.1k +38,133
24 Capstone Financial Advisors, Inc. 1.20% of their portfolio DOWNERS GROVE, IL 841,329841.3k $20.8m $20.8m 1.20% Added +3.4k +3,385
25 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 792,184792.2k $19.6m $19.6m 0.01% Added +2.0k +1,965
26 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 716,662716.7k $17.7m $17.7m 0.00% Reduced -2.5k -2,515
27 Amundi 0.01% of their portfolio Paris, I0 700,000700.0k $17.4m $17.4m 0.01% Unchanged
28 BRANDYWINE OAK PRIVATE WEALTH LLC 1.43% of their portfolio Kennett Square, PA 624,804624.8k $15.4m $15.4m 1.43% Added +12.4k +12,425
29 Boston Standard Wealth Management, LLC 2.72% of their portfolio WINCHESTER, MA 612,418612.4k $15.1m $15.1m 2.72% Added +61.3k +61,261
30 One Capital Management, LLC 0.49% of their portfolio WESTLAKE VILLAGE, CA 577,488577.5k $14.3m $14.3m 0.49% Added +3.5k +3,539
31 COOPER/HAIMS ADVISORS, LLC 6.30% of their portfolio VICTOR, NY 517,646517.6k $12.8m $12.8m 6.30% Added +18.5k +18,455
32 Quent Capital, LLC 1.21% of their portfolio NEW YORK, NY 508,202508.2k $12.6m $12.6m 1.21% Added +19.3k +19,279
33 Money Design Co.,Ltd. 0.57% of their portfolio TOKYO, M0 492,368492.4k $12.2m $12.2m 0.57% Reduced -175.4k -175,361
34 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 453,964454.0k $11.2m $11.2m 0.01% Added +81.0k +81,001
35 BIP Wealth, LLC 0.68% of their portfolio ATLANTA, GA 448,210448.2k $11.1m $11.1m 0.68% Reduced -3.4k -3,350
36 Morton Brown Family Wealth, LLC 3.24% of their portfolio ALLENTOWN, PA 431,190431.2k $10.7m $10.7m 3.24% Added +24.8k +24,755
37 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.06% of their portfolio HARRISBURG, PA 430,936430.9k $10.6m $10.6m 0.06% Added +212.5k +212,496
38 FSM Wealth Advisors, LLC 1.73% of their portfolio CLEVELAND, OH 430,419430.4k $10.6m $10.6m 1.73% Added +91.3k +91,344
39 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 417,800417.8k $10.3m $10.3m 0.01% Reduced -92.2k -92,215
40 ERn Financial, LLC 2.15% of their portfolio MIDDLETON, WI 412,357412.4k $10.2m $10.2m 2.15% Reduced -659 -659
41 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 383,113383.1k $9.5m $9.5m 0.01% Reduced -169.6k -169,576
42 Waldron Private Wealth LLC 0.41% of their portfolio BRIDGEVILLE, PA 382,996383.0k $9.5m $9.5m 0.41% Reduced -8.5k -8,497
43 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 362,651362.7k $9.0m $9.0m 0.01% Reduced -33.6k -33,575
44 World Investment Advisors 0.18% of their portfolio LINCROFT, NJ 315,973316.0k $7.8m $7.8m 0.18% Reduced -8.2k -8,236
45 Vestmark Advisory Solutions, Inc. 0.11% of their portfolio Wakefield, MA 315,531315.5k $7.8m $7.8m 0.11% Reduced -19.5k -19,485
46 Brooklyn FI, LLC 1.96% of their portfolio NEW YORK, NY 309,953310.0k $7.7m $7.7m 1.96% Added +42.6k +42,568
47 Leading Edge Financial Planning LLC 2.13% of their portfolio KNOXVILLE, TN 309,613309.6k $7.6m $7.6m 2.13% Reduced -9.3k -9,264
48 Asset Management One Co., Ltd. 0.02% of their portfolio TOKYO, M0 309,000309.0k $7.6m $7.6m 0.02% Reduced -12.0k -12,000
49 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 304,892304.9k $7.5m $7.5m 0.01% Reduced -7.5k -7,546
50 BAILARD, INC. 0.18% of their portfolio Foster City, CA 304,540304.5k $7.5m $7.5m 0.18% Added +2.5k +2,483
51 NAPLES GLOBAL ADVISORS, LLC 0.61% of their portfolio NAPLES, FL 287,456287.5k $7.1m $7.1m 0.61% Added +20.7k +20,671
52 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 276,997277.0k $6.8m $6.8m 0.01% Added +42.2k +42,167
53 CUTLER INVESTMENT COUNSEL LLC 0.75% of their portfolio Jacksonville, OR 272,096272.1k $6.7m $6.7m 0.75% Added +24.3k +24,288
54 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 245,241245.2k $6.1m $6.1m 0.01% Reduced -2.7k -2,739
55 Prime Buchholz LLC 1.86% of their portfolio PORTSMOUTH, NH 235,330235.3k $5.8m $5.8m 1.86% Reduced -84.0k -84,000
56 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 196,002196.0k $4.9m $4.9m 0.01% Reduced -100.0k -99,974
57 Wealthspire Advisors, LLC 0.03% of their portfolio NEW YORK, NY 192,801192.8k $4.8m $4.8m 0.03% Reduced -7.6k -7,605
58 Causey Wealth LLC 2.44% of their portfolio GREENWOOD VILLAGE, CO 192,066192.1k $4.7m $4.7m 2.44% Added +10.1k +10,065
59 GP Brinson Investments LLC 1.96% of their portfolio Chicago, IL 186,339186.3k $4.6m $4.6m 1.96% Unchanged
60 Alhambra Investment Management LLC 2.12% of their portfolio PALMETTO BAY, FL 172,869172.9k $4.3m $4.3m 2.12% Reduced -231 -231
61 Lester Murray Antman dba SimplyRich 1.17% of their portfolio CARLSBAD, CA 169,422169.4k $4.2m $4.2m 1.17% Reduced -7.1k -7,099
62 FIDUCIARY FINANCIAL GROUP, LLC 0.71% of their portfolio SAN RAFAEL, CA 158,507158.5k $3.9m $3.9m 0.71% Added +6.5k +6,535
63 SOL Capital Management CO 0.36% of their portfolio ROCKVILLE, MD 150,600150.6k $3.7m $3.7m 0.36% Reduced -30 -30
64 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 150,000150.0k $3.7m $3.7m 0.01% Added +146.9k +146,920
65 RFP Financial Group LLC 1.43% of their portfolio ATLANTA, GA 140,404140.4k $3.5m $3.5m 1.43% Reduced -3.1k -3,098
66 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 135,406135.4k $3.3m $3.3m 0.01% Reduced -13.1k -13,080
67 Arkos Global Advisors 0.44% of their portfolio HOUSTON, TX 129,737129.7k $3.2m $3.2m 0.44% Reduced -7.2k -7,171
68 SC&H Financial Advisors, Inc. 0.53% of their portfolio HUNT VALLEY, MD 126,454126.5k $3.1m $3.1m 0.53% Reduced -782 -782
69 Manske Wealth Management 0.98% of their portfolio HOUSTON, TX 119,874119.9k $3.0m $3.0m 0.98% Added +5.2k +5,166
70 GREAT LAKES ADVISORS, LLC 0.02% of their portfolio CHICAGO, IL 115,379115.4k $2.8m $2.8m 0.02% Added +4.1k +4,094
71 Hills Bank & Trust Co 0.17% of their portfolio North Liberty, IA 108,843108.8k $2.7m $2.7m 0.17% New
72 COLLECTIVE FAMILY OFFICE LLC 0.65% of their portfolio YORK, PA 103,198103.2k $2.5m $2.5m 0.65% Added +20.1k +20,113
73 RS CRUM INC. 0.61% of their portfolio Newport Beach, CA 102,875102.9k $2.5m $2.5m 0.61% Reduced -28.4k -28,405
74 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.04% of their portfolio TOKYO, M0 100,850100.8k $2.5m $2.5m 0.04% Added +3.8k +3,843
75 Callan Family Office, LLC 0.08% of their portfolio RADNOR, PA 99,21699.2k $2.5m $2.5m 0.08% Reduced -16.7k -16,726
76 Aurelius Family Office LLC 1.12% of their portfolio BEDFORD, NH 96,38196.4k $2.4m $2.4m 1.12% Added +3.9k +3,938
77 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 93,89193.9k $2.3m $2.3m 0.01% Reduced -8.1k -8,095
78 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 93,83693.8k $2.3m $2.3m 0.00% Added +9.8k +9,829
79 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 93,62893.6k $2.3m $2.3m 0.01% Reduced -11.4k -11,404
80 UBS Group AG 0.00% of their portfolio ZURICH, V8 93,37193.4k $2.3m $2.3m 0.00% Added +44.0k +43,951
81 Emerald Advisors, LLC 0.29% of their portfolio BELLEVUE, WA 92,49292.5k $2.3m $2.3m 0.29% Added +2.2k +2,167
82 Apella Capital, LLC 0.06% of their portfolio WEST HARTFORD, CT 89,82289.8k $2.2m $2.2m 0.06% Reduced -25.1k -25,126
83 JFS WEALTH ADVISORS, LLC 0.13% of their portfolio HERMITAGE, PA 85,50085.5k $2.1m $2.1m 0.13% Reduced -11.0k -10,985
84 Focus Partners Advisor Solutions, LLC 0.03% of their portfolio SAINT LOUIS, MO 84,07484.1k $2.1m $2.1m 0.03% Added +37.5k +37,544
85 FAS Wealth Partners, Inc. 0.14% of their portfolio LEAWOOD, KS 79,28079.3k $2.0m $2.0m 0.14% Added +2.5k +2,511
86 Cornerstone Financial Group, LLC /NE/ 1.61% of their portfolio OMAHA, NE 76,63576.6k $1.9m $1.9m 1.61% Added +4.8k +4,850
87 Capasso Planning Partners LLC 1.06% of their portfolio CHARLESTON, SC 76,02476.0k $1.9m $1.9m 1.06% Reduced -28.8k -28,832
88 EXENCIAL WEALTH ADVISORS, LLC 0.06% of their portfolio OKLAHOMA CITY, OK 72,16272.2k $1.8m $1.8m 0.06% Reduced -6.6k -6,581
89 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 69,51769.5k $1.7m $1.7m 0.02% Unchanged
90 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 68,06068.1k $1.7m $1.7m 0.00% Added +7.1k +7,063
91 OLD MISSION CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 66,33466.3k $1.6m $1.6m 0.04% New
92 Wealthspire Retirement, LLC 0.11% of their portfolio ALISO VIEJO, CA 65,80465.8k $1.6m $1.6m 0.11% Reduced -10.8k -10,848
93 Factor Wealth Management LTD 0.44% of their portfolio CHICAGO, IL 64,78064.8k $1.6m $1.6m 0.44% Added +6.1k +6,117
94 SVB WEALTH LLC 0.08% of their portfolio BOSTON, MA 63,81763.8k $1.6m $1.6m 0.08% Reduced -76.4k -76,430
95 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 61,94561.9k $1.5m $1.5m 0.00% Added +20.2k +20,192
96 XY Planning Network, Inc. 0.49% of their portfolio BOZEMAN, MT 58,65158.7k $1.4m $1.4m 0.49% New
97 First National Advisers, LLC 0.21% of their portfolio OMAHA, NE 58,10058.1k $1.4m $1.4m 0.21% Unchanged
98 Matrix Trust Co 0.23% of their portfolio DENVER, CO 57,25957.3k $1.4m $1.4m 0.23% Added +510 +510
99 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 56,64956.6k $1.4m $1.4m 0.00% Unchanged
100 OXFORD FINANCIAL GROUP, LTD. LLC 0.08% of their portfolio INDIANAPOLIS, IN 56,35256.4k $1.4m $1.4m 0.08% Added +738 +738