Vault-13

ISHARES TR FALN

FALN ANGLS USD · ETP · CUSIP 46435G474

276 institutional holders -6 vs Q1 2025
47,103,63447.1m shares reported held*
$1.3bnreported value*
26 new 89 added 106 reduced 31 sold out net sold ≈ $293.3m (-10.8m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.14. Options: 1 managers hold calls ($320.3k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 310Q4 22: 301Q1 23: 293Q2 23: 293Q3 23: 226Q4 23: 261Q1 24: 264Q2 24: 267Q3 24: 278Q4 24: 274Q1 25: 282Q2 25: 276276Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022310
Q4 2022301
Q1 2023293
Q2 2023293
Q3 2023226
Q4 2023261
Q1 2024264
Q2 2024267
Q3 2024278
Q4 2024274
Q1 2025282
Q2 2025276

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 79 bought or addedQ3 23: 218 cut or sold outQ4 23: 138 bought or addedQ4 23: 116 cut or sold outQ4 23Q1 24: 140 bought or addedQ1 24: 115 cut or sold outQ2 24: 116 bought or addedQ2 24: 126 cut or sold outQ2 24Q3 24: 137 bought or addedQ3 24: 121 cut or sold outQ4 24: 136 bought or addedQ4 24: 124 cut or sold outQ4 24Q1 25: 160 bought or addedQ1 25: 88 cut or sold outQ2 25: 115 bought or addedQ2 25: 137 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202379218
Q4 2023138116
Q1 2024140115
Q2 2024116126
Q3 2024137121
Q4 2024136124
Q1 202516088
Q2 2025115137

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $26.7kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $471.5kQ1 25 puts: $5.4kQ1 25P/C 0.01Q2 25 calls: $320.3kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$26.7k$00.00
Q1 2025$471.5k$5.4k0.01
Q2 2025$320.3k$00.00

Biggest buyers

Municipal Employees' Retirement System of Michigan New +3,476,559+3.5m
MORGAN STANLEY Added +855,450+855.5k
POTOMAC FUND MANAGEMENT INC /ADV New +722,012+722.0k
State of Tennessee, Department of Treasury Added +582,591+582.6k
TOEWS CORP /ADV New +347,100+347.1k
Thrivent Financial for Lutherans New +279,751+279.8k
Transamerica Financial Advisors, LLC New +187,751+187.8k
Betterment LLC Added +184,079+184.1k
Quadrature Capital Ltd New +163,947+163.9k
World Investment Advisors Added +115,866+115.9k

Biggest sellers

MATHER GROUP, LLC. Reduced -10,030,534-10.0m
AMERIPRISE FINANCIAL INC Reduced -1,388,895-1.4m
ENVESTNET ASSET MANAGEMENT INC Reduced -953,857-953.9k
Angeles Investment Advisors, LLC Reduced -928,400-928.4k
Procyon Advisors, LLC Reduced -572,235-572.2k
JANE STREET GROUP, LLC Reduced -450,722-450.7k
OneDigital Investment Advisors LLC Reduced -351,807-351.8k
LPL Financial LLC Reduced -300,210-300.2k
Independence Financial Advisors, LLC Reduced -282,135-282.1k
NOMURA ASSET MANAGEMENT CO LTD Reduced -267,284-267.3k

Biggest calls

CITADEL ADVISORS LLC Reduced $320.3k11.8k 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 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 5,993,5276.0m $162.7m $162.7m 0.01% Reduced -219.6k -219,550
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,674,0793.7m $99.7m $99.7m 0.01% Added +855.5k +855,450
3 Municipal Employees' Retirement System of Michigan 1.14% of their portfolio LANSING, MI 3,476,5593.5m $94.4m $94.4m 1.14% New
4 State of Tennessee, Department of Treasury 0.33% of their portfolio NASHVILLE, TN 3,428,8003.4m $93.1m $93.1m 0.33% Added +582.6k +582,591
5 Varma Mutual Pension Insurance Co 0.40% of their portfolio Varma, H9 2,000,0002.0m $54.3m $54.3m 0.40% Unchanged
6 Betterment LLC 0.11% of their portfolio NEW YORK, NY 1,818,8811.8m $49.4m $49.4m 0.11% Added +184.1k +184,079
7 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,764,5511.8m $47.9m $47.9m 0.02% Reduced -300.2k -300,210
8 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,553,7101.6m $42.2m $42.2m 0.01% Reduced -953.9k -953,857
9 Allworth Financial LP 0.17% of their portfolio FOLSOM, CA 1,281,6491.3m $34.8m $34.8m 0.17% Added +32.3k +32,272
10 ESL Trust Services, LLC 6.24% of their portfolio ROCHESTER, NY 1,126,1081.1m $30.6m $30.6m 6.24% Reduced -2.5k -2,500
11 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 1,040,0301.0m $28.2m $28.2m 0.01% Unchanged
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 879,742879.7k $23.9m $23.9m 0.00% Reduced -198.4k -198,374
13 Ocean Park Asset Management, LLC 0.76% of their portfolio SANTA MONICA, CA 799,500799.5k $21.4m $21.4m 0.76% Unchanged
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 779,221779.2k $21.1m $21.1m 0.00% Reduced -157.4k -157,417
15 POTOMAC FUND MANAGEMENT INC /ADV 1.12% of their portfolio BETHESDA, MD 722,012722.0k $19.6m $19.6m 1.12% New
16 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 679,932679.9k $18.5m $18.5m 0.00% Reduced -1.4m -1,388,895
17 NOVEM GROUP 1.97% of their portfolio Rochester, NY 572,052572.1k $15.5m $15.5m 1.97% Added +34.7k +34,706
18 OneDigital Investment Advisors LLC 0.17% of their portfolio OVERLAND PARK, KS 547,937547.9k $14.9m $14.9m 0.17% Reduced -351.8k -351,807
19 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 498,010498.0k $13.5m $13.5m 0.01% Reduced -1.7k -1,736
20 NOMURA ASSET MANAGEMENT CO LTD 0.04% of their portfolio TOKYO, M0 483,600483.6k $13.1m $13.1m 0.04% Reduced -267.3k -267,284
21 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 469,714469.7k $12.7m $12.7m 0.02% Reduced -62.9k -62,928
22 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 447,345447.3k $12.1m $12.1m 0.04% Reduced -202.9k -202,860
23 Angeles Investment Advisors, LLC 0.56% of their portfolio SANTA MONICA, CA 366,000366.0k $9.9m $9.9m 0.56% Reduced -928.4k -928,400
24 Breakwater Capital Group 1.54% of their portfolio PARAMUS, NJ 348,772348.8k $9.5m $9.5m 1.54% Added +779 +779
25 TOEWS CORP /ADV 1.37% of their portfolio NORTHFIELD, NJ 347,100347.1k $9.4m $9.4m 1.37% New
26 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 339,361339.4k $9.2m $9.2m 0.03% Reduced -99.3k -99,288
27 Baker Avenue Asset Management, LP 0.25% of their portfolio SAN FRANCISCO, CA 323,024323.0k $8.8m $8.8m 0.25% Added +106.5k +106,505
28 COUNTRY TRUST BANK 0.19% of their portfolio Bloomington, IL 306,000306.0k $8.3m $8.3m 0.19% Unchanged
29 CWM, LLC 0.03% of their portfolio OMAHA, NE 279,909279.9k $7.6m $7.6m 0.03% Added +3.4k +3,357
30 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 279,751279.8k $7.6m $7.6m 0.02% New
31 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 269,416269.4k $7.3m $7.3m 0.01% Added +21.5k +21,544
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 265,250265.2k $7.2m $7.2m 0.00% Reduced -36.3k -36,323
33 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 252,610252.6k $6.9m $6.9m 0.04% Reduced -119.6k -119,570
34 Prepared Retirement Institute LLC 3.95% of their portfolio LANSDALE, PA 246,709246.7k $6.7m $6.7m 3.95% Added +8.8k +8,771
35 Scarborough Advisors, LLC 1.31% of their portfolio ANNAPOLIS, MD 244,253244.3k $6.6m $6.6m 1.31% Added +30.7k +30,688
36 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 230,349230.3k $6.3m $6.3m 0.01% Reduced -55.8k -55,809
37 Asset Allocation Strategies LLC 1.37% of their portfolio FARMINGTON, MI 227,981228.0k $6.2m $6.2m 1.37% Reduced -32.9k -32,907
38 GREAT VALLEY ADVISOR GROUP, INC. 0.13% of their portfolio WILMINGTON, DE 222,190222.2k $6.0m $6.0m 0.13% Added +28.2k +28,215
39 TRUSTMARK BANK TRUST DEPARTMENT 0.41% of their portfolio JACKSON, MS 217,025217.0k $5.9m $5.9m 0.41% Unchanged
40 World Investment Advisors 0.13% of their portfolio LINCROFT, NJ 214,404214.4k $5.8m $5.8m 0.13% Added +115.9k +115,866
41 HF Advisory Group, LLC 2.22% of their portfolio Annapolis, MD 206,620206.6k $5.6m $5.6m 2.22% Added +23.6k +23,627
42 Transamerica Financial Advisors, LLC 0.48% of their portfolio CEDAR RAPIDS, IA 187,751187.8k $5.1m $5.1m 0.48% New
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 184,953185.0k $5.0m $5.0m 0.00% Reduced -185.3k -185,264
44 CAPITAL WEALTH MANAGEMENT, LLC 1.77% of their portfolio W. WARWICK, RI 174,798174.8k $4.7m $4.7m 1.77% Added +6.2k +6,169
45 Petix & Botte Co 1.11% of their portfolio LA MESA, CA 167,204167.2k $4.5m $4.5m 1.11% Added +24.9k +24,864
46 Independence Financial Advisors, LLC 1.73% of their portfolio FRANKLIN, NH 164,005164.0k $4.5m $4.5m 1.73% Reduced -282.1k -282,135
47 Quadrature Capital Ltd 0.08% of their portfolio LONDON, X0 163,947163.9k $4.5m $4.5m 0.08% New
48 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 162,094162.1k $4.4m $4.4m 0.02% Reduced -46.6k -46,641
49 CONTINUUM WEALTH ADVISORS, LLC 2.05% of their portfolio SARATOGA SPRINGS, NY 157,636157.6k $4.3m $4.3m 2.05% Reduced -15.1k -15,071
50 Coastline Trust Co 0.47% of their portfolio PROVIDENCE, RI 151,292151.3k $4.1m $4.1m 0.47% Reduced -15.6k -15,555
51 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 140,125140.1k $3.8m $3.8m 0.00% Reduced -46.7k -46,671
52 Hershey Financial Advisers, LLC 3.36% of their portfolio LANCASTER, PA 138,261138.3k $3.8m $3.8m 3.36% First filing
53 Insight Wealth Partners, LLC 2.02% of their portfolio Plano, TX 134,016134.0k $3.6m $3.6m 2.02% Added +5.6k +5,555
54 Martin Worley Group 1.76% of their portfolio COTTONWOOD HEIGHTS, UT 132,404132.4k $3.6m $3.6m 1.76% Added +14.5k +14,484
55 OLD MISSION CAPITAL LLC 0.09% of their portfolio CHICAGO, IL 130,334130.3k $3.5m $3.5m 0.09% Added +70.1k +70,131
56 KRAEMATON INVESTMENT ADVISORS, INC 3.32% of their portfolio BRAINTREE, MA 129,653129.7k $3.5m $3.5m 3.32% Added +2.1k +2,096
57 Ignite Planners, LLC 0.61% of their portfolio SAN CLEMENTE, CA 128,772128.8k $3.5m $3.5m 0.61% Added +8.5k +8,523
58 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 128,609128.6k $3.5m $3.5m 0.00% Reduced -19.8k -19,796
59 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 128,267128.3k $3.5m $3.5m 0.02% Added +56.3k +56,295
60 DIVERSIFY WEALTH MANAGEMENT, LLC 0.21% of their portfolio SANDY, UT 124,852124.9k $3.4m $3.4m 0.21% Added +3.6k +3,603
61 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 124,200124.2k $3.4m $3.4m 0.00% Unchanged
62 Glassy Mountain Advisors, Inc. 1.06% of their portfolio BETHESDA, MD 121,633121.6k $3.3m $3.3m 1.06% Added +1.5k +1,494
63 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 120,607120.6k $3.3m $3.3m 0.01% Reduced -450.7k -450,722
64 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 109,596109.6k $3.0m $3.0m 0.00% Added +96.0k +96,026
65 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 108,872108.9k $3.0m $3.0m 0.00% Added +10.2k +10,165
66 MATHER GROUP, LLC. 0.03% of their portfolio CHICAGO, IL 103,235103.2k $2.8m $2.8m 0.03% Reduced -10.0m -10,030,534
67 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 101,443101.4k $2.8m $2.8m 0.01% Reduced -5.7k -5,733
68 Cornerstone Planning Group LLC 0.55% of their portfolio FAIRFIELD, NJ 100,791100.8k $2.7m $2.7m 0.55% Added +6.7k +6,699
69 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 98,36798.4k $2.7m $2.7m 0.00% Reduced -8.5k -8,539
70 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 97,08497.1k $2.6m $2.6m 0.00% Added +78.9k +78,884
71 MANNING & NAPIER ADVISORS LLC 0.03% of their portfolio Fairport, NY 95,22995.2k $2.6m $2.6m 0.03% Added +4.0k +3,999
72 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 90,74690.7k $2.5m $2.5m 0.00% Reduced -7.7k -7,708
73 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.02% of their portfolio IRVING, TX 84,53184.5k $2.3m $2.3m 0.02% Reduced -150.6k -150,614
74 FIRST CITIZENS BANK & TRUST CO 0.04% of their portfolio RALEIGH, NC 81,51881.5k $2.2m $2.2m 0.04% Added +94 +94
75 AXS Investments LLC 0.88% of their portfolio PORT CHESTER, NY 79,45279.5k $2.2m $2.2m 0.88% New
76 FORTE ASSET MANAGEMENT LLC 1.09% of their portfolio BEDFORD, NY 78,48178.5k $2.1m $2.1m 1.09% Added +481 +481
77 Parcion Private Wealth LLC 0.15% of their portfolio BELLEVUE, WA 76,47876.5k $2.1m $2.1m 0.15% Reduced -1.2k -1,204
78 Perigon Wealth Management, LLC 0.05% of their portfolio SAN FRANCISCO, CA 74,82674.8k $2.0m $2.0m 0.05% Added +5.2k +5,165
79 IFG Advisory, LLC 0.10% of their portfolio ATLANTA, GA 74,79574.8k $2.0m $2.0m 0.10% Added +2.2k +2,221
80 FOCUS Wealth Advisors, LLC 1.04% of their portfolio HOUSTON, TX 73,75373.8k $2.0m $2.0m 1.04% Added +646 +646
81 NOVARE CAPITAL MANAGEMENT LLC 0.16% of their portfolio CHARLOTTE, NC 73,74973.7k $2.0m $2.0m 0.16% Added +3.0k +2,975
82 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 70,54170.5k $1.9m $1.9m 0.00% Reduced -2.7k -2,681
83 D L CARLSON INVESTMENT GROUP INC 0.34% of their portfolio CONCORD, NH 68,70168.7k $1.9m $1.9m 0.34% Reduced -14.2k -14,237
84 Impact Partnership Wealth, LLC 0.34% of their portfolio MARIETTA, GA 68,42668.4k $1.9m $1.9m 0.34% Reduced -27.8k -27,762
85 Mount Lucas Management LP 0.88% of their portfolio Newtown, PA 67,80667.8k $1.8m $1.8m 0.88% Added +467 +467
86 Orion Porfolio Solutions, LLC 0.02% of their portfolio OMAHA, NE 65,32065.3k $1.8m $1.8m 0.02% Added +33.1k +33,082
87 Marex Group Ltd 0.03% of their portfolio London, X0 65,13965.1k $1.8m $1.8m 0.03% Added +57.5k +57,463
88 Fifth Third Securities, Inc. 0.13% of their portfolio Cincinnati, OH 62,60562.6k $1.7m $1.7m 0.13% Reduced -10.0k -9,985
89 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 60,48460.5k $1.6m $1.6m 0.02% Added +1.3k +1,334
90 Addison Capital Co 0.55% of their portfolio Conshohocken, PA 58,66558.7k $1.6m $1.6m 0.55% Added +4.4k +4,404
91 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 52,45552.5k $1.4m $1.4m 0.00% Reduced -19.5k -19,517
92 Wealth Advisory Solutions, LLC 0.34% of their portfolio ZIONSVILLE, IN 49,77949.8k $1.4m $1.4m 0.34% Reduced -850 -850
93 Ausdal Financial Partners, Inc. 0.09% of their portfolio Davenport, IA 49,45549.5k $1.3m $1.3m 0.09% Reduced -41 -41
94 DDFG, Inc 0.34% of their portfolio THOUSAND OAKS, CA 49,12249.1k $1.3m $1.3m 0.34% Reduced -508 -508
95 M.E. ALLISON & CO., INC. 1.05% of their portfolio SAN ANTONIO, TX 47,92947.9k $1.3m $1.3m 1.05% Added +40 +40
96 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 45,91245.9k $1.2m $1.2m 0.00% Added +1.3k +1,269
97 Rialto Wealth Management, LLC 0.35% of their portfolio SYRACUSE, NY 45,57145.6k $1.2m $1.2m 0.35% Reduced -3.2k -3,164
98 Sovran Advisors, LLC 0.13% of their portfolio SAN DIEGO, CA 44,79944.8k $1.2m $1.2m 0.13% Added +19.7k +19,655
99 Insight Advisors, LLC/ PA 0.19% of their portfolio Newtown, PA 44,30344.3k $1.2m $1.2m 0.19% Reduced -2.2k -2,241
100 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 44,05744.1k $1.2m $1.2m 0.01% Added +9.7k +9,743