Vault-13

ISHARES TR ICVT

CONV BD ETF · ETP · CUSIP 46435G102

387 institutional holders +34 vs Q3 2025
20,616,95020.6m shares reported held*
$2.0bnreported value*
39 new 191 added 87 reduced 29 sold out net bought ≈ $118.5m (+1.2m 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 ($15.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $98.41. Options: 2 managers hold calls ($916.8k notional), 0 hold puts (—).

Trends to Q4 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: 347Q3 25: 353Q4 25: 387387Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025353
Q4 2025387

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 226 bought or addedQ3 25: 120 cut or sold outQ4 25: 230 bought or addedQ4 25: 116 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202418688
Q2 2024182109
Q3 2024178125
Q4 202422685
Q1 2025209131
Q2 2025118238
Q3 2025226120
Q4 2025230116

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ1 25 calls: $2.8mQ1 25 puts: $861.2kQ1 25P/C 0.31Q2 25 calls: $2.3mQ2 25 puts: $261.3kQ2 25P/C 0.11Q3 25 calls: $1.4mQ3 25 puts: $370.2kQ3 25P/C 0.26Q4 25 calls: $916.8kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$2.8m$861.2k0.31
Q2 2025$2.3m$261.3k0.11
Q3 2025$1.4m$370.2k0.26
Q4 2025$916.8k$00.00

Biggest buyers

Provida Pension Fund Administrator Added +910,000+910.0k
ENVESTNET ASSET MANAGEMENT INC Added +217,376+217.4k
Tradewinds Capital Management, LLC Added +187,688+187.7k
LPL Financial LLC Added +174,077+174.1k
Systelligence, LLC Added +137,808+137.8k
JANE STREET GROUP, LLC New +137,710+137.7k
AMERIPRISE FINANCIAL INC Added +126,737+126.7k
Dynasty Wealth Management, LLC Added +101,954+102.0k
360 Financial, Inc. New +80,866+80.9k
TME FINANCIAL, INC. Added +73,313+73.3k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -236,416-236.4k
Ocean Park Asset Management, LLC Sold out -219,900-219.9k
JPMORGAN CHASE & CO Reduced -173,897-173.9k
OSAIC HOLDINGS, INC. Reduced -130,414-130.4k
New York Life Investment Management LLC Reduced -117,791-117.8k
GOLDMAN SACHS GROUP INC Reduced -73,600-73.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -68,100-68.1k
BNP PARIBAS FINANCIAL MARKETS Reduced -60,233-60.2k
Sanctuary Advisors, LLC Reduced -56,830-56.8k
Elevation Capital Advisory, LLC Sold out -56,277-56.3k

Biggest calls

SIMPLEX TRADING, LLC Reduced $621.3k17.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $295.5k3.0k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,410,9002.4m $237.5m $237.5m 0.02% Reduced -236.4k -236,416
2 Provida Pension Fund Administrator 3.35% of their portfolio LAS CONDES, SANTIAGO, F3 1,966,4202.0m $193.7m $193.7m 3.35% Added +910.0k +910,000
3 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,466,3071.5m $144.4m $144.4m 0.04% Added +217.4k +217,376
4 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,035,0831.0m $102.0m $102.0m 0.03% Added +174.1k +174,077
5 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 936,900936.9k $92.3m $92.3m 0.01% Reduced -73.6k -73,600
6 AMG National Trust Bank 1.22% of their portfolio GREENWOOD VILLAGE, CO 526,045526.0k $51.8m $51.8m 1.22% Added +29.8k +29,778
7 1832 Asset Management L.P. 0.06% of their portfolio TORONTO, A6 462,635462.6k $45.6m $45.6m 0.06% Added +11.6k +11,639
8 GREENLEAF TRUST 0.41% of their portfolio KALAMAZOO, MI 451,146451.1k $44.4m $44.4m 0.41% Added +3.6k +3,596
9 Advisory Alpha, LLC 1.18% of their portfolio HOLLAND, MI 438,397438.4k $43.2m $43.2m 1.18% Reduced -11.1k -11,106
10 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 380,382380.4k $37.5m $37.5m 0.01% Added +126.7k +126,737
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 350,628350.6k $34.5m $34.5m 0.00% Added +45.1k +45,092
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 341,624341.6k $33.7m $33.7m 0.00% Reduced -31.7k -31,718
13 Baker Avenue Asset Management, LP 0.76% of their portfolio SAN FRANCISCO, CA 336,190336.2k $33.1m $33.1m 0.76% Added +12.3k +12,333
14 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 302,086302.1k $29.8m $29.8m 0.07% Added +29.3k +29,271
15 Howard Capital Management, LLC 0.38% of their portfolio Alpharetta, GA 295,117295.1k $29.1m $29.1m 0.38% Reduced -9.8k -9,750
16 Prestige Wealth Management Group LLC 5.54% of their portfolio FLEMINGTON, NJ 295,019295.0k $29.1m $29.1m 5.54% Reduced -25.2k -25,173
17 New York Life Investment Management LLC 0.23% of their portfolio New York, NY 276,361276.4k $27.2m $27.2m 0.23% Reduced -117.8k -117,791
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 256,259256.3k $25.2m $25.2m 0.00% Reduced -173.9k -173,897
19 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 239,386239.4k $23.6m $23.6m 0.03% Added +38.4k +38,405
20 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 224,777224.8k $22.1m $22.1m 0.01% Reduced -16.4k -16,433
21 Systelligence, LLC 4.12% of their portfolio BLOOMINGTON, MN 219,777219.8k $21.6m $21.6m 4.12% Added +137.8k +137,808
22 Tradewinds Capital Management, LLC 3.94% of their portfolio BELLINGHAM, WA 189,666189.7k $18.7m $18.7m 3.94% Added +187.7k +187,688
23 ASSETMARK, INC 0.04% of their portfolio CONCORD, CA 178,326178.3k $17.6m $17.6m 0.04% Reduced -36.0k -35,972
24 Certified Advisory Corp 1.58% of their portfolio ALTAMONTE SPRINGS, FL 175,551175.6k $17.3m $17.3m 1.58% Added +2.2k +2,211
25 Cornerstone Planning Group LLC 2.81% of their portfolio FAIRFIELD, NJ 169,980170.0k $18.0m $18.0m 2.81% Reduced -6.1k -6,109
26 CWM, LLC 0.04% of their portfolio OMAHA, NE 166,618166.6k $16.4m $16.4m 0.04% Added +7.8k +7,770
27 Envestnet Portfolio Solutions, Inc. 0.05% of their portfolio BERWYN, PA 158,802158.8k $15.6m $15.6m 0.05% Added +36.2k +36,159
28 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.76% of their portfolio SAN FRANCISCO, CA 150,648150.6k $14.8m $14.8m 0.76% Reduced -2.2k -2,174
29 CacheTech Inc. 2.55% of their portfolio LOGAN, UT 139,508139.5k $13.7m $13.7m 2.55% Reduced -2.3k -2,345
30 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 137,710137.7k $13.6m $13.6m 0.02% New
31 OneDigital Investment Advisors LLC 0.13% of their portfolio OVERLAND PARK, KS 137,270137.3k $13.5m $13.5m 0.13% Added +9.9k +9,874
32 Adams Wealth Management 2.77% of their portfolio LOGAN, UT 131,998132.0k $13.0m $13.0m 2.77% Reduced -3.4k -3,381
33 GUGGENHEIM CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 128,579128.6k $12.7m $12.7m 0.09% Added +5.5k +5,473
34 OpenArc Corporate Advisory, LLC 0.21% of their portfolio ATLANTA, GA 128,170128.2k $12.6m $12.6m 0.21% First filing
35 Dynasty Wealth Management, LLC 0.12% of their portfolio ST. PETERSBURG, FL 126,688126.7k $12.5m $12.5m 0.12% Added +102.0k +101,954
36 AIRE ADVISORS, LLC 2.25% of their portfolio BEVERLY HILLS, CA 124,772124.8k $12.3m $12.3m 2.25% Added +1.6k +1,581
37 Independence Financial Advisors, LLC 3.34% of their portfolio FRANKLIN, NH 123,306123.3k $12.1m $12.1m 3.34% Added +5.1k +5,051
38 BlueStem Wealth Partners, LLC 1.29% of their portfolio MINNETONKA, MN 118,571118.6k $11.7m $11.7m 1.29% Reduced -18.8k -18,786
39 Advance Capital Management, Inc. 0.48% of their portfolio SOUTHFIELD, MI 114,793114.8k $11.3m $11.3m 0.48% Reduced -1.8k -1,843
40 NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio TOKYO, M0 112,849112.8k $11.1m $11.1m 0.03% Unchanged
41 TME FINANCIAL, INC. 7.72% of their portfolio Huntington Beach, CA 111,597111.6k $11.0m $11.0m 7.72% Added +73.3k +73,313
42 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 110,770110.8k $10.9m $10.9m 0.01% Added +15.2k +15,194
43 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 106,884106.9k $10.5m $10.5m 0.02% Reduced -130.4k -130,414
44 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 103,272103.3k $10.2m $10.2m 0.00% Added +8.6k +8,568
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 93,02293.0k $9.2m $9.2m 0.00% Added +5.1k +5,092
46 Hilltop Partners LLC 2.33% of their portfolio MISHAWAKA, IN 91,75491.8k $9.0m $9.0m 2.33% Reduced -1.7k -1,662
47 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 88,62688.6k $8.7m $8.7m 0.03% Added +17.0k +17,033
48 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 86,18586.2k $5.6m $5.6m 0.01% Added +52.2k +52,189
49 Financial Gravity Asset Management, Inc. 1.63% of their portfolio Lakeway, TX 85,92685.9k $8.5m $8.5m 1.63% Added +2.4k +2,392
50 Onyx Bridge Wealth Group LLC 0.87% of their portfolio TARRYTOWN, NY 82,96783.0k $8.2m $8.2m 0.87% Added +1.3k +1,309
51 360 Financial, Inc. 2.41% of their portfolio WAYZATA, MN 80,86680.9k $8.0m $8.0m 2.41% New
52 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 76,77776.8k $7.6m $7.6m 0.01% Added +2.8k +2,840
53 Mascagni Wealth Management, Inc. 5.46% of their portfolio CLINTON, MS 74,35074.3k $7.3m $7.3m 5.46% Added +1.9k +1,897
54 SSI INVESTMENT MANAGEMENT LLC 0.50% of their portfolio Los Angeles, CA 74,25374.3k $7.3m $7.3m 0.50% Added +323 +323
55 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 71,29671.3k $7.0m $7.0m 0.00% Added +17.4k +17,369
56 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 70,11370.1k $6.9m $6.9m 0.02% Added +2.7k +2,715
57 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 68,07168.1k $6.7m $6.7m 0.05% Added +6.7k +6,715
58 FIG FINANCIAL ADVISORY SERVICES INC /ADV 4.06% of their portfolio OKLAHOMA CITY, OK 65,10465.1k $6.4m $6.4m 4.06% Reduced -24.5k -24,451
59 Foundations Investment Advisors, LLC 0.08% of their portfolio PHOENIX, AZ 64,64564.6k $6.4m $6.4m 0.08% Added +1.3k +1,332
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 64,42164.4k $6.6m $6.6m 0.01% Reduced -4.1k -4,095
61 PARK AVENUE SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 63,86563.9k $6.3m $6.3m 0.05% Added +10.6k +10,584
62 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 61,78861.8k $6.1m $6.1m 0.04% Added +11.0k +10,981
63 IHT Wealth Management, LLC 0.15% of their portfolio Chicago, IL 61,24761.2k $6.0m $6.0m 0.15% Added +8.0k +8,044
64 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 58,98359.0k $5.8m $5.8m 0.01% Added +2.2k +2,228
65 Diversify Advisory Services, LLC 0.19% of their portfolio SANDY, UT 58,87158.9k $6.1m $6.1m 0.19% Added +17.5k +17,460
66 Plan Group Financial, LLC 1.47% of their portfolio OKLAHOMA CITY, OK 57,30957.3k $5.6m $5.6m 1.47% Added +10.8k +10,819
67 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 54,81554.8k $5.4m $5.4m 0.02% Added +45.9k +45,886
68 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 54,56054.6k $5.4m $5.4m 0.00% Added +11.5k +11,502
69 Merit Financial Group, LLC 0.04% of their portfolio ALPHARETTA, GA 54,13854.1k $5.3m $5.3m 0.04% Added +21.7k +21,670
70 B. Riley Wealth Advisors, Inc. 0.24% of their portfolio MEMPHIS, TN 52,08152.1k $5.1m $5.1m 0.24% Added +7.0k +7,047
71 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 51,51451.5k $5.1m $5.1m 0.03% Reduced -56.8k -56,830
72 Baron Financial Group, LLC 2.63% of their portfolio Fair Lawn, NJ 49,72049.7k $4.9m $4.9m 2.63% Reduced -315 -315
73 CAPITAL WEALTH MANAGEMENT, LLC 1.54% of their portfolio W. WARWICK, RI 48,48448.5k $4.8m $4.8m 1.54% Added +11.2k +11,178
74 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 46,53546.5k $4.6m $4.6m 0.00% Reduced -452 -452
75 WETZEL INVESTMENT ADVISORS, INC. 1.85% of their portfolio INDIANAPOLIS, IN 46,41646.4k $4.6m $4.6m 1.85% Added +50 +50
76 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 46,12446.1k $4.5m $4.5m 0.01% Added +10.0k +9,956
77 Mariner, LLC 0.01% of their portfolio Overland Park, KS 45,87545.9k $4.5m $4.5m 0.01% Added +1.5k +1,492
78 Cambria Investment Management, L.P. 0.26% of their portfolio Manhattan Beach, CA 44,59444.6k $4.4m $4.4m 0.26% Added +1.3k +1,311
79 CreativeOne Wealth, LLC 0.10% of their portfolio OVERLAND PARK, KS 42,61042.6k $4.2m $4.2m 0.10% Added +3.8k +3,802
80 Friedenthal Financial 2.16% of their portfolio MARLTON, NJ 42,55742.6k $4.2m $4.2m 2.16% New
81 Central Pacific Bank - Trust Division 0.51% of their portfolio HONOLULU, HI 41,90941.9k $4.1m $4.1m 0.51% Added +4.4k +4,403
82 HORIZON FINANCIAL SERVICES, LLC 1.87% of their portfolio WINSTON SALEM, NC 41,75041.8k $4.1m $4.1m 1.87% Added +11 +11
83 Florin Court Capital LLP 5.72% of their portfolio London, X0 41,72741.7k $4.1m $4.1m 5.72% Reduced -27.1k -27,100
84 BCV Asset Management Inc. 0.06% of their portfolio WINNIPEG, A2 39,63239.6k $2.5m $2.5m 0.06% First filing
85 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 36,43136.4k $3.7m $3.7m 0.00% Reduced -3.1k -3,066
86 Kestra Investment Management, LLC 0.08% of their portfolio AUSTIN, TX 34,04034.0k $3.4m $3.4m 0.08% New
87 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 30,85730.9k $3.0m $3.0m 0.00% Added +14.3k +14,272
88 Ascent Group, LLC 0.10% of their portfolio VIRGINIA BEACH, VA 30,81630.8k $3.0m $3.0m 0.10% Added +6.3k +6,314
89 IFP Advisors, Inc 0.07% of their portfolio TAMPA, FL 30,29430.3k $3.0m $3.0m 0.07% Reduced -406 -406
90 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 29,85529.9k $2.9m $2.9m 0.01% Added +3.3k +3,317
91 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 29,65429.7k $2.9m $2.9m 0.00% Added +2.5k +2,524
92 Spectrum Planning & Advisory Services Inc. 1.48% of their portfolio SAN DIEGO, CA 29,12729.1k $2.9m $2.9m 1.48% Added +1.2k +1,157
93 SteelPeak Wealth, LLC 0.09% of their portfolio WOODLAND HILLS, CA 27,43127.4k $2.7m $2.7m 0.09% Added +7.6k +7,627
94 Yorktown Management & Research Co Inc 2.13% of their portfolio Forest, VA 27,00027.0k $2.7m $2.7m 2.13% Reduced -23.0k -23,000
95 PLANWISER FINANCIAL, LLC 2.04% of their portfolio COLORADO SPRINGS, CO 26,34526.3k $2.7m $2.7m 2.04% Reduced -13.4k -13,404
96 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 26,34026.3k $2.6m $2.6m 0.01% Added +11.7k +11,732
97 Clark Capital Management Group, Inc. 0.02% of their portfolio PHILADELPHIA, PA 26,15126.2k $2.6m $2.6m 0.02% Added +72 +72
98 FFG RETIREMENT ADVISORS LLC 1.39% of their portfolio CENTENNIAL, CO 22,81922.8k $2.2m $2.2m 1.39% Reduced -103 -103
99 CROBAN 1.08% of their portfolio FREMONT, OH 22,64822.6k $2.2m $2.2m 1.08% Added +7.9k +7,898
100 J.W. COLE ADVISORS, INC. 0.05% of their portfolio TAMPA, FL 21,98022.0k $2.2m $2.2m 0.05% Added +1.6k +1,553