Vault-13

ISHARES TR ICVT

CONV BD ETF · ETP · CUSIP 46435G102

347 institutional holders -9 vs Q1 2025
18,394,47018.4m shares reported held*
$1.7bnreported value*
29 new 89 added 194 reduced 44 sold out net sold ≈ $275.7m (-3.1m 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 ($13.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $90.10. Options: 4 managers hold calls ($2.3m notional), 1 hold puts ($261.3k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 303Q4 22: 319Q1 23: 224Q2 23: 212Q3 23: 212Q4 23: 232Q1 24: 274Q2 24: 303Q3 24: 304Q4 24: 350Q1 25: 356Q2 25: 347347Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022303
Q4 2022319
Q1 2023224
Q2 2023212
Q3 2023212
Q4 2023232
Q1 2024274
Q2 2024303
Q3 2024304
Q4 2024350
Q1 2025356
Q2 2025347

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 112 bought or addedQ3 23: 99 cut or sold outQ4 23: 116 bought or addedQ4 23: 101 cut or sold outQ4 23Q1 24: 186 bought or addedQ1 24: 88 cut or sold outQ2 24: 182 bought or addedQ2 24: 109 cut or sold outQ2 24Q3 24: 178 bought or addedQ3 24: 125 cut or sold outQ4 24: 226 bought or addedQ4 24: 85 cut or sold outQ4 24Q1 25: 209 bought or addedQ1 25: 131 cut or sold outQ2 25: 118 bought or addedQ2 25: 238 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202311299
Q4 2023116101
Q1 202418688
Q2 2024182109
Q3 2024178125
Q4 202422685
Q1 2025209131
Q2 2025118238

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 24 calls: $1.8mQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $1.6mQ4 24 puts: $543.8kQ4 24P/C 0.34Q1 25 calls: $2.8mQ1 25 puts: $861.2kQ1 25P/C 0.31Q2 25 calls: $2.3mQ2 25 puts: $261.3kQ2 25P/C 0.11
Numbers
QuarterCallsPutsP/C
Q3 2024$1.8m$00.00
Q4 2024$1.6m$543.8k0.34
Q1 2025$2.8m$861.2k0.31
Q2 2025$2.3m$261.3k0.11

Biggest buyers

Insight Wealth Strategies, LLC Added +116,343+116.3k
Advance Capital Management, Inc. New +109,099+109.1k
Systelligence, LLC Added +81,860+81.9k
Rockefeller Capital Management L.P. New +77,000+77.0k
Friedenthal Financial New +47,608+47.6k
ROYAL BANK OF CANADA Added +40,454+40.5k
RENAISSANCE TECHNOLOGIES LLC Added +37,600+37.6k
AE Wealth Management LLC Added +37,004+37.0k
BNP PARIBAS FINANCIAL MARKETS Added +31,263+31.3k
Florin Court Capital LLP Added +30,919+30.9k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -590,581-590.6k
Lebenthal Global Advisors, LLC Sold out -417,681-417.7k
DEUTSCHE BANK AG\ Sold out -248,000-248.0k
Pictet North America Advisors SA Reduced -247,134-247.1k
LPL Financial LLC Reduced -229,797-229.8k
BlackRock, Inc. Reduced -185,161-185.2k
BANK OF AMERICA CORP /DE/ Reduced -141,225-141.2k
Thrivent Financial for Lutherans Sold out -119,923-119.9k
TME FINANCIAL, INC. Reduced -114,150-114.2k
Onyx Bridge Wealth Group LLC Reduced -111,446-111.4k

Biggest calls

SIMPLEX TRADING, LLC Reduced $1.8m54.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $324.4k3.6k shares
GROUP ONE TRADING LLC Added $181.7k8.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $261.3k2.9k shares

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 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,564,9982.6m $231.1m $231.1m 0.02% Reduced -141.2k -141,225
2 Provida Pension Fund Administrator 2.60% of their portfolio LAS CONDES, SANTIAGO, F3 1,593,0601.6m $143.4m $143.4m 2.60% Not comparable
3 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,252,0001.3m $112.8m $112.8m 0.02% Unchanged
4 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 933,246933.2k $84.1m $84.1m 0.02% Reduced -590.6k -590,581
5 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 718,250718.2k $64.7m $64.7m 0.02% Reduced -229.8k -229,797
6 AMG National Trust Bank 1.15% of their portfolio GREENWOOD VILLAGE, CO 487,552487.6k $43.9m $43.9m 1.15% Reduced -1.4k -1,443
7 New York Life Investment Management LLC 0.38% of their portfolio New York, NY 456,391456.4k $41.1m $41.1m 0.38% Added +16.4k +16,440
8 GREENLEAF TRUST 0.35% of their portfolio KALAMAZOO, MI 445,280445.3k $40.1m $40.1m 0.35% Added +2.2k +2,151
9 Advisory Alpha, LLC 1.22% of their portfolio HOLLAND, MI 433,937433.9k $39.1m $39.1m 1.22% Reduced -10.4k -10,441
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 346,215346.2k $31.2m $31.2m 0.00% Reduced -29.4k -29,412
11 Howard Capital Management, LLC 0.43% of their portfolio Alpharetta, GA 320,536320.5k $28.9m $28.9m 0.43% Reduced -18.1k -18,070
12 Baker Avenue Asset Management, LP 0.81% of their portfolio SAN FRANCISCO, CA 316,779316.8k $28.5m $28.5m 0.81% Added +802 +802
13 Prestige Wealth Management Group LLC 5.82% of their portfolio FLEMINGTON, NJ 316,618316.6k $28.5m $28.5m 5.82% Reduced -2.2k -2,197
14 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 276,429276.4k $24.9m $24.9m 0.01% Added +29 +29
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 271,059271.1k $24.4m $24.4m 0.00% Reduced -185.2k -185,161
16 Insight Wealth Strategies, LLC 2.76% of their portfolio SAN RAMON, CA 245,103245.1k $21.9m $21.9m 2.76% Added +116.3k +116,343
17 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 208,641208.6k $18.7m $18.7m 0.03% Added +3.3k +3,330
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 189,271189.3k $17.1m $17.1m 0.00% Reduced -91.5k -91,502
19 CWM, LLC 0.06% of their portfolio OMAHA, NE 183,755183.8k $16.6m $16.6m 0.06% Reduced -42.0k -42,043
20 Cornerstone Planning Group LLC 3.26% of their portfolio FAIRFIELD, NJ 173,289173.3k $15.9m $15.9m 3.26% Added +8.4k +8,353
21 Certified Advisory Corp 1.59% of their portfolio ALTAMONTE SPRINGS, FL 169,384169.4k $15.3m $15.3m 1.59% Added +3.7k +3,748
22 CacheTech Inc. 2.78% of their portfolio LOGAN, UT 167,786167.8k $15.1m $15.1m 2.78% Reduced -7.2k -7,182
23 Adams Wealth Management 2.82% of their portfolio LOGAN, UT 164,598164.6k $14.8m $14.8m 2.82% Reduced -7.8k -7,818
24 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 162,070162.1k $14.6m $14.6m 0.00% Reduced -43.6k -43,562
25 Systelligence, LLC 2.69% of their portfolio BLOOMINGTON, MN 161,188161.2k $14.5m $14.5m 2.69% Added +81.9k +81,860
26 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.75% of their portfolio SAN FRANCISCO, CA 155,830155.8k $14.0m $14.0m 0.75% Added +593 +593
27 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 154,692154.7k $13.9m $13.9m 0.02% Reduced -49.0k -49,045
28 360 Financial, Inc. 4.27% of their portfolio WAYZATA, MN 150,298150.3k $13.5m $13.5m 4.27% Added +4.1k +4,081
29 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 143,831143.8k $13.0m $13.0m 0.04% Added +10.0k +9,991
30 1832 Asset Management L.P. 0.02% of their portfolio TORONTO, A6 128,432128.4k $11.6m $11.6m 0.02% Added +7.7k +7,739
31 BlueStem Wealth Partners, LLC 1.36% of their portfolio MINNETONKA, MN 123,186123.2k $11.1m $11.1m 1.36% Reduced -75.3k -75,330
32 OneDigital Investment Advisors LLC 0.12% of their portfolio OVERLAND PARK, KS 123,178123.2k $11.1m $11.1m 0.12% Reduced -60.0k -60,050
33 AIRE ADVISORS, LLC 2.12% of their portfolio BEVERLY HILLS, CA 121,568121.6k $11.0m $11.0m 2.12% Added +428 +428
34 NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio TOKYO, M0 119,059119.1k $10.7m $10.7m 0.03% Reduced -55.6k -55,577
35 Tradewinds Capital Management, LLC 2.69% of their portfolio BELLINGHAM, WA 118,553118.6k $10.7m $10.7m 2.69% Reduced -89.2k -89,238
36 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 118,220118.2k $10.7m $10.7m 0.09% Reduced -2.1k -2,132
37 Advance Capital Management, Inc. 0.45% of their portfolio SOUTHFIELD, MI 109,099109.1k $9.8m $9.8m 0.45% New
38 Envestnet Portfolio Solutions, Inc. 0.03% of their portfolio BERWYN, PA 96,94796.9k $8.7m $8.7m 0.03% Reduced -54.4k -54,350
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 95,22295.2k $8.6m $8.6m 0.00% Added +40.5k +40,454
40 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 92,35892.4k $8.3m $8.3m 0.01% Reduced -13.1k -13,057
41 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 92,00192.0k $8.3m $8.3m 0.00% Reduced -7.8k -7,792
42 Hilltop Partners LLC 2.50% of their portfolio MISHAWAKA, IN 91,79391.8k $8.3m $8.3m 2.50% Reduced -22.9k -22,944
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 91,60691.6k $8.3m $8.3m 0.00% Reduced -3.2k -3,242
44 Foundations Investment Advisors, LLC 0.12% of their portfolio PHOENIX, AZ 83,40783.4k $7.5m $7.5m 0.12% Reduced -8.2k -8,190
45 Financial Gravity Companies, Inc. 1.48% of their portfolio Lakeway, TX 83,38883.4k $7.5m $7.5m 1.48% First filing
46 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 80,10580.1k $7.2m $7.2m 0.02% Reduced -14.2k -14,242
47 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 77,00077.0k $6.9m $6.9m 0.01% New
48 SSI INVESTMENT MANAGEMENT LLC 0.46% of their portfolio Los Angeles, CA 73,09573.1k $6.6m $6.6m 0.46% Reduced -4.8k -4,759
49 Mascagni Wealth Management, Inc. 5.35% of their portfolio CLINTON, MS 69,67069.7k $6.3m $6.3m 5.35% Added +5.3k +5,278
50 FIG FINANCIAL ADVISORY SERVICES INC /ADV 4.19% of their portfolio OKLAHOMA CITY, OK 69,60569.6k $6.3m $6.3m 4.19% Added +21.7k +21,656
51 Florin Court Capital LLP 6.23% of their portfolio London, X0 67,62767.6k $6.1m $6.1m 6.23% Added +30.9k +30,919
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 64,06264.1k $5.8m $5.8m 0.01% Reduced -2.9k -2,859
53 Centerline Wealth Advisors, LLC 2.83% of their portfolio LOUISVILLE, KY 64,05164.1k $5.8m $5.8m 2.83% Added +243 +243
54 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 62,69362.7k $5.6m $5.6m 0.03% Reduced -28.5k -28,543
55 Ameritas Advisory Services, LLC 0.29% of their portfolio Lincoln, NE 62,10762.1k $5.6m $5.6m 0.29% Reduced -3.3k -3,278
56 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 59,96460.0k $5.4m $5.4m 0.01% Reduced -32.9k -32,866
57 Equitable Holdings, Inc. 0.04% of their portfolio NEW YORK, NY 58,45358.5k $5.3m $5.3m 0.04% Reduced -2.8k -2,838
58 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 56,01656.0k $5.0m $5.0m 0.01% Reduced -3.6k -3,577
59 Dynamic Advisor Solutions LLC 0.15% of their portfolio PHOENIX, AZ 55,59255.6k $5.0m $5.0m 0.15% Added +3.6k +3,649
60 Mariner, LLC 0.01% of their portfolio Overland Park, KS 54,84454.8k $4.9m $4.9m 0.01% Reduced -11.6k -11,553
61 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 54,06654.1k $4.9m $4.9m 0.00% Added +31.3k +31,263
62 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 52,10052.1k $4.7m $4.7m 0.01% Added +37.6k +37,600
63 Baron Financial Group, LLC 2.61% of their portfolio Fair Lawn, NJ 49,38149.4k $4.4m $4.4m 2.61% Added +310 +310
64 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 49,17149.2k $4.4m $4.4m 0.03% Reduced -10.0k -10,035
65 AE Wealth Management LLC 0.03% of their portfolio TOPEKA, KS 48,90548.9k $4.4m $4.4m 0.03% Added +37.0k +37,004
66 Friedenthal Financial 2.35% of their portfolio MARLTON, NJ 47,60847.6k $4.3m $4.3m 2.35% New
67 WETZEL INVESTMENT ADVISORS, INC. 1.91% of their portfolio INDIANAPOLIS, IN 46,46046.5k $4.2m $4.2m 1.91% Reduced -1.7k -1,653
68 Hershey Financial Advisers, LLC 3.69% of their portfolio LANCASTER, PA 45,70945.7k $4.1m $4.1m 3.69% First filing
69 PARK AVENUE SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 44,92144.9k $4.0m $4.0m 0.04% Reduced -35.2k -35,199
70 TME FINANCIAL, INC. 3.17% of their portfolio Huntington Beach, CA 43,49143.5k $3.9m $3.9m 3.17% Reduced -114.2k -114,150
71 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 43,43643.4k $3.9m $3.9m 0.01% Reduced -24.1k -24,063
72 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 43,05843.1k $3.9m $3.9m 0.00% Added +28.2k +28,158
73 HORIZON FINANCIAL SERVICES, LLC 1.98% of their portfolio WINSTON SALEM, NC 41,44441.4k $3.7m $3.7m 1.98% Reduced -568 -568
74 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.03% of their portfolio IRVING, TX 41,07341.1k $3.7m $3.7m 0.03% Reduced -34.8k -34,762
75 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 40,93640.9k $3.7m $3.7m 0.00% Reduced -27.9k -27,941
76 CAPITAL WEALTH MANAGEMENT, LLC 1.27% of their portfolio W. WARWICK, RI 37,82637.8k $3.4m $3.4m 1.27% Added +149 +149
77 Armor Investment Advisors, LLC 1.25% of their portfolio RALEIGH, NC 36,88236.9k $3.3m $3.3m 1.25% Reduced -1.6k -1,618
78 Central Pacific Bank - Trust Division 0.42% of their portfolio HONOLULU, HI 36,40136.4k $3.3m $3.3m 0.42% Reduced -4.0k -4,000
79 CreativeOne Wealth, LLC 0.08% of their portfolio OVERLAND PARK, KS 36,00036.0k $3.2m $3.2m 0.08% Reduced -22.2k -22,213
80 CW Advisors, LLC 0.03% of their portfolio BOSTON, MA 35,68435.7k $3.2m $3.2m 0.03% Added +180 +180
81 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 34,64834.6k $3.1m $3.1m 0.00% Reduced -10.6k -10,584
82 Independence Financial Advisors, LLC 1.20% of their portfolio FRANKLIN, NH 34,36934.4k $3.1m $3.1m 1.20% Added +28.2k +28,196
83 IFP Advisors, Inc 0.08% of their portfolio TAMPA, FL 31,41931.4k $2.8m $2.8m 0.08% Added +6.6k +6,585
84 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 31,30031.3k $2.8m $2.8m 0.00% Reduced -12.2k -12,200
85 Cambria Investment Management, L.P. 0.18% of their portfolio Manhattan Beach, CA 30,17330.2k $2.7m $2.7m 0.18% Added +25.7k +25,682
86 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 29,57629.6k $2.7m $2.7m 0.01% Reduced -24.4k -24,383
87 Plan Group Financial, LLC 0.87% of their portfolio OKLAHOMA CITY, OK 29,44429.4k $2.7m $2.7m 0.87% Added +15.9k +15,879
88 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 28,36528.4k $2.6m $2.6m 0.00% Reduced -4.0k -4,045
89 Spectrum Planning & Advisory Services Inc. 1.62% of their portfolio SAN DIEGO, CA 27,81927.8k $2.5m $2.5m 1.62% Added +23.5k +23,479
90 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 26,11826.1k $2.3m $2.3m 0.02% Added +16.6k +16,643
91 B. Riley Wealth Advisors, Inc. 0.11% of their portfolio MEMPHIS, TN 25,28125.3k $2.3m $2.3m 0.11% Reduced -4.0k -4,007
92 PLANWISER FINANCIAL, LLC 1.98% of their portfolio COLORADO SPRINGS, CO 25,03225.0k $2.3m $2.3m 1.98% New
93 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 24,44324.4k $2.2m $2.2m 0.02% Reduced -2.9k -2,852
94 Onyx Bridge Wealth Group LLC 0.28% of their portfolio TARRYTOWN, NY 23,56623.6k $2.1m $2.1m 0.28% Reduced -111.4k -111,446
95 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 23,00023.0k $2.1m $2.1m 0.01% Reduced -5.5k -5,538
96 IHT Wealth Management, LLC 0.06% of their portfolio Chicago, IL 22,67522.7k $2.0m $2.0m 0.06% Reduced -28.6k -28,612
97 Provident Wealth Management, LLC 0.65% of their portfolio BRENTWOOD, TN 22,17722.2k $2.0m $2.0m 0.65% Reduced -625 -625
98 Dynasty Wealth Management, LLC 0.03% of their portfolio ST. PETERSBURG, FL 21,58521.6k $1.9m $1.9m 0.03% Reduced -2.6k -2,643
99 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 20,79420.8k $1.9m $1.9m 0.01% New
100 Ascent Group, LLC 0.07% of their portfolio VIRGINIA BEACH, VA 20,60420.6k $1.9m $1.9m 0.07% Reduced -10.8k -10,807