Vault-13

ISHARES TR FALN

FALN ANGLS USD · ETP · CUSIP 46435G474

303 institutional holders +32 vs Q3 2025
47,268,06547.3m shares reported held*
$1.3bnreported value*
33 new 125 added 73 reduced 20 sold out net sold ≈ $38.7m (-1.4m 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 ($864.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.32.

Trends to Q4 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: 276Q3 25: 271Q4 25: 303303Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025271
Q4 2025303

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 131 bought or addedQ3 25: 117 cut or sold outQ4 25: 158 bought or addedQ4 25: 93 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024140115
Q2 2024116126
Q3 2024137121
Q4 2024136124
Q1 202516088
Q2 2025115137
Q3 2025131117
Q4 202515893

Calls vs puts

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

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

Biggest buyers

LPL Financial LLC Added +858,396+858.4k
Baker Avenue Asset Management, LP Added +534,470+534.5k
JANE STREET GROUP, LLC New +521,524+521.5k
GOLDMAN SACHS GROUP INC Added +416,395+416.4k
BANK OF AMERICA CORP /DE/ Added +390,014+390.0k
Invesco Ltd. Added +353,615+353.6k
State of New Jersey Common Pension Fund D New +350,000+350.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +310,481+310.5k
Cetera Investment Advisers Added +293,510+293.5k
Thrivent Financial for Lutherans New +286,744+286.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -2,559,127-2.6m
MORGAN STANLEY Reduced -1,203,515-1.2m
Ocean Park Asset Management, LLC Sold out -1,133,100-1.1m
Betterment LLC Sold out -1,131,975-1.1m
POTOMAC FUND MANAGEMENT INC /ADV Sold out -805,526-805.5k
State of Tennessee, Department of Treasury Reduced -218,200-218.2k
COUNTRY TRUST BANK Sold out -170,000-170.0k
OneDigital Investment Advisors LLC Reduced -151,605-151.6k
Synergy Asset Management, LLC Sold out -139,716-139.7k
World Investment Advisors Reduced -117,909-117.9k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 7,267,2947.3m $198.4m $198.4m 0.01% Added +390.0k +390,014
2 Municipal Employees' Retirement System of Michigan 1.13% of their portfolio LANSING, MI 3,657,0643.7m $99.8m $99.8m 1.13% Added +180.5k +180,505
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,440,6403.4m $93.9m $93.9m 0.01% Reduced -1.2m -1,203,515
4 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,429,0522.4m $66.3m $66.3m 0.02% Added +858.4k +858,396
5 State of Tennessee, Department of Treasury 0.21% of their portfolio NASHVILLE, TN 2,328,3002.3m $64.2m $64.2m 0.21% Reduced -218.2k -218,200
6 Varma Mutual Pension Insurance Co 0.33% of their portfolio Varma, H9 2,000,0002.0m $54.6m $54.6m 0.33% Unchanged
7 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 1,411,4651.4m $38.5m $38.5m 0.00% Added +353.6k +353,615
8 Allworth Financial LP 0.15% of their portfolio FOLSOM, CA 1,333,4721.3m $36.4m $36.4m 0.15% Added +704 +704
9 ESL Trust Services, LLC 6.54% of their portfolio ROCHESTER, NY 1,248,4581.2m $34.1m $34.1m 6.54% Added +130.3k +130,297
10 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 1,040,0301.0m $28.4m $28.4m 0.01% Unchanged
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 922,336922.3k $25.2m $25.2m 0.00% Added +192.3k +192,265
12 Baker Avenue Asset Management, LP 0.46% of their portfolio SAN FRANCISCO, CA 729,905729.9k $19.9m $19.9m 0.46% Added +534.5k +534,470
13 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 684,359684.4k $18.7m $18.7m 0.00% Added +108.9k +108,928
14 NOVEM GROUP 1.99% of their portfolio Rochester, NY 629,614629.6k $17.2m $17.2m 1.99% Added +29.7k +29,685
15 NOMURA ASSET MANAGEMENT CO LTD 0.04% of their portfolio TOKYO, M0 594,300594.3k $16.2m $16.2m 0.04% Reduced -47.4k -47,400
16 TOEWS CORP /ADV 2.25% of their portfolio NORTHFIELD, NJ 566,900566.9k $15.5m $15.5m 2.25% Added +15.8k +15,800
17 UBS Group AG 0.00% of their portfolio ZURICH, V8 550,628550.6k $15.0m $15.0m 0.00% Reduced -23.8k -23,819
18 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 532,933532.9k $14.5m $14.5m 0.02% Added +293.5k +293,510
19 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 521,524521.5k $14.2m $14.2m 0.02% New
20 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 496,932496.9k $13.6m $13.6m 0.01% Reduced -10.9k -10,853
21 Independence Financial Advisors, LLC 3.57% of their portfolio FRANKLIN, NH 476,028476.0k $13.0m $13.0m 3.57% Added +24.8k +24,779
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 424,013424.0k $11.6m $11.6m 0.00% Added +416.4k +416,395
23 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 385,767385.8k $10.5m $10.5m 0.05% Added +140.2k +140,192
24 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 363,861363.9k $9.9m $9.9m 0.03% Added +68.0k +68,003
25 State of New Jersey Common Pension Fund D 0.03% of their portfolio TRENTON, NJ 350,000350.0k $9.6m $9.6m 0.03% New
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 344,730344.7k $9.5m $9.5m 0.01% Added +310.5k +310,481
27 Breakwater Capital Group 1.30% of their portfolio PARAMUS, NJ 341,816341.8k $9.3m $9.3m 1.30% Reduced -21.3k -21,274
28 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 334,712334.7k $9.1m $9.1m 0.00% Added +82.7k +82,725
29 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 330,776330.8k $9.0m $9.0m 0.01% Added +48.4k +48,379
30 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 286,744286.7k $7.8m $7.8m 0.01% New
31 Stratos Wealth Partners, LTD. 0.09% of their portfolio BEACHWOOD, OH 283,665283.7k $7.7m $7.7m 0.09% New
32 Prepared Retirement Institute LLC 3.69% of their portfolio LANSDALE, PA 268,833268.8k $7.3m $7.3m 3.69% Reduced -1.1k -1,131
33 Scarborough Advisors, LLC 1.24% of their portfolio ANNAPOLIS, MD 268,022268.0k $7.3m $7.3m 1.24% Added +9.3k +9,339
34 HF Advisory Group, LLC 2.34% of their portfolio Annapolis, MD 245,583245.6k $6.7m $6.7m 2.34% Added +20.9k +20,880
35 ASHFORD CAPITAL MANAGEMENT INC 0.73% of their portfolio WILMINGTON, DE 239,038239.0k $6.5m $6.5m 0.73% Added +100.2k +100,245
36 GREAT VALLEY ADVISOR GROUP, INC. 0.12% of their portfolio WILMINGTON, DE 229,833229.8k $6.3m $6.3m 0.12% Added +3.7k +3,710
37 Petix & Botte Co 1.37% of their portfolio LA MESA, CA 221,668221.7k $6.1m $6.1m 1.37% Added +31.7k +31,749
38 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 218,668218.7k $6.0m $6.0m 0.01% Reduced -8.3k -8,302
39 TRUSTMARK BANK TRUST DEPARTMENT 0.37% of their portfolio JACKSON, MS 216,016216.0k $5.9m $5.9m 0.37% Unchanged
40 CAPITAL WEALTH MANAGEMENT, LLC 1.71% of their portfolio W. WARWICK, RI 194,153194.2k $5.3m $5.3m 1.71% Added +19.5k +19,526
41 Marex Group Ltd 0.05% of their portfolio London, X0 182,742182.7k $5.0m $5.0m 0.05% Added +72.5k +72,462
42 CWM, LLC 0.01% of their portfolio OMAHA, NE 181,740181.7k $5.0m $5.0m 0.01% Reduced -73.4k -73,438
43 Bridgelight Financial Advisors, Inc. 4.16% of their portfolio SHELTON, CT 178,928178.9k $4.9m $4.9m 4.16% First filing
44 Asset Allocation Strategies LLC 0.90% of their portfolio FARMINGTON, MI 178,918178.9k $4.9m $4.9m 0.90% Reduced -6.1k -6,123
45 Insight Wealth Partners, LLC 1.98% of their portfolio Plano, TX 174,199174.2k $4.8m $4.8m 1.98% Added +18.3k +18,343
46 Transamerica Financial Advisors, LLC 0.39% of their portfolio CEDAR RAPIDS, IA 172,025172.0k $4.7m $4.7m 0.39% Reduced -17.0k -16,959
47 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 168,477168.5k $4.6m $4.6m 0.00% Added +140.7k +140,661
48 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 163,959164.0k $4.5m $4.5m 0.02% Added +28.9k +28,910
49 World Investment Advisors 0.07% of their portfolio LINCROFT, NJ 151,183151.2k $4.1m $4.1m 0.07% Reduced -117.9k -117,909
50 Coastline Trust Co 0.38% of their portfolio PROVIDENCE, RI 148,284148.3k $4.0m $4.0m 0.38% Reduced -4.6k -4,574
51 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 144,553144.6k $3.9m $3.9m 0.01% Added +125.1k +125,075
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 144,263144.3k $3.9m $3.9m 0.00% Reduced -1.7k -1,726
53 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 139,635139.6k $3.8m $3.8m 0.00% Reduced -20.0k -19,957
54 DIVERSIFY WEALTH MANAGEMENT, LLC 0.18% of their portfolio SANDY, UT 138,033138.0k $3.8m $3.8m 0.18% Added +7.8k +7,794
55 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 131,225131.2k $3.6m $3.6m 0.01% Added +8.0k +7,951
56 KRAEMATON INVESTMENT ADVISORS, INC 2.83% of their portfolio BRAINTREE, MA 130,066130.1k $3.6m $3.6m 2.83% Added +4.1k +4,078
57 CONTINUUM WEALTH ADVISORS, LLC 1.34% of their portfolio SARATOGA SPRINGS, NY 126,914126.9k $3.5m $3.5m 1.34% Reduced -25.9k -25,941
58 Ignite Planners, LLC 0.53% of their portfolio SAN CLEMENTE, CA 126,642126.6k $3.5m $3.5m 0.53% Added +3.1k +3,140
59 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 124,200124.2k $3.4m $3.4m 0.00% Unchanged
60 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 123,440123.4k $3.4m $3.4m 0.00% Added +9.7k +9,725
61 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 122,396122.4k $3.3m $3.3m 0.01% Added +12.3k +12,306
62 Impact Partnership Wealth, LLC 0.41% of their portfolio MARIETTA, GA 116,426116.4k $3.2m $3.2m 0.41% Reduced -8.8k -8,823
63 Glassy Mountain Advisors, Inc. 0.95% of their portfolio BETHESDA, MD 114,648114.6k $3.1m $3.1m 0.95% Added +4.0k +4,016
64 OneDigital Investment Advisors LLC 0.03% of their portfolio OVERLAND PARK, KS 113,966114.0k $3.1m $3.1m 0.03% Reduced -151.6k -151,605
65 Sequoia Financial Advisors, LLC 0.02% of their portfolio Akron, OH 111,488111.5k $3.0m $3.0m 0.02% Reduced -39.9k -39,901
66 Cornerstone Planning Group LLC 0.46% of their portfolio FAIRFIELD, NJ 106,937106.9k $2.9m $2.9m 0.46% Added +5.7k +5,689
67 AE Wealth Management LLC 0.02% of their portfolio TOPEKA, KS 100,798100.8k $2.8m $2.8m 0.02% Added +3.3k +3,274
68 MANNING & NAPIER ADVISORS LLC 0.04% of their portfolio Fairport, NY 99,05599.1k $2.7m $2.7m 0.04% Added +5.9k +5,922
69 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 97,02797.0k $2.6m $2.6m 0.00% Added +1.7k +1,680
70 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 95,92095.9k $2.6m $2.6m 0.03% Added +31.1k +31,080
71 D L CARLSON INVESTMENT GROUP INC 0.43% of their portfolio CONCORD, NH 92,51392.5k $2.5m $2.5m 0.43% Added +11.9k +11,918
72 Perigon Wealth Management, LLC 0.05% of their portfolio SAN FRANCISCO, CA 92,37192.4k $2.5m $2.5m 0.05% Added +7.5k +7,541
73 FIRST CITIZENS BANK & TRUST CO 0.05% of their portfolio RALEIGH, NC 91,85391.9k $2.5m $2.5m 0.05% Added +4.8k +4,829
74 Addison Capital Co 0.61% of their portfolio Conshohocken, PA 89,81389.8k $2.5m $2.5m 0.61% Added +19.6k +19,635
75 IFG Advisory, LLC 0.11% of their portfolio ATLANTA, GA 89,63989.6k $2.4m $2.4m 0.11% Added +13.4k +13,366
76 Parcion Private Wealth LLC 0.15% of their portfolio BELLEVUE, WA 89,38189.4k $2.4m $2.4m 0.15% Added +2.1k +2,075
77 Napier Financial, LLC 0.60% of their portfolio BRAINTREE, MA 87,87087.9k $2.4m $2.4m 0.60% First filing
78 Liberty Atlantic Advisors LLC 2.22% of their portfolio ALLEN, TX 82,83982.8k $2.3m $2.3m 2.22% First filing
79 NOVARE CAPITAL MANAGEMENT LLC 0.17% of their portfolio CHARLOTTE, NC 81,57981.6k $2.2m $2.2m 0.17% Added +3.3k +3,300
80 Sherry Group, Inc. 2.28% of their portfolio MOUNTAIN HOME, AR 79,69979.7k $2.2m $2.2m 2.28% First filing
81 FORTE ASSET MANAGEMENT LLC 0.97% of their portfolio BEDFORD, NY 78,48178.5k $2.1m $2.1m 0.97% Unchanged
82 FOCUS Wealth Advisors, LLC 0.95% of their portfolio HOUSTON, TX 74,99375.0k $2.0m $2.0m 0.95% Added +732 +732
83 Mount Lucas Management LP 0.87% of their portfolio Newtown, PA 72,37472.4k $2.0m $2.0m 0.87% Added +2.5k +2,477
84 MATHER GROUP, LLC. 0.02% of their portfolio CHICAGO, IL 72,34772.3k $2.0m $2.0m 0.02% Reduced -19.6k -19,586
85 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 71,81971.8k $2.0m $2.0m 0.00% Added +6.3k +6,299
86 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 70,29170.3k $1.9m $1.9m 0.01% Added +5.2k +5,168
87 Sovran Advisors, LLC 0.15% of their portfolio SAN DIEGO, CA 64,34264.3k $1.8m $1.8m 0.15% Added +3.5k +3,450
88 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 62,43262.4k $1.7m $1.7m 0.01% Added +51.9k +51,934
89 Fifth Third Securities, Inc. 0.11% of their portfolio Cincinnati, OH 62,39362.4k $1.7m $1.7m 0.11% Added +535 +535
90 Outlook Wealth Advisors, LLC 0.38% of their portfolio SHENANDOAH, TX 62,09662.1k $1.7m $1.7m 0.38% Reduced -1.4k -1,369
91 Tower Research Capital LLC (TRC) 0.04% of their portfolio NEW YORK, NY 57,51057.5k $1.6m $1.6m 0.04% New
92 ABSOLUTE CAPITAL MANAGEMENT, LLC 0.57% of their portfolio Pittsburgh, PA 57,41057.4k $1.6m $1.6m 0.57% New
93 AXS Investments LLC 0.54% of their portfolio PORT CHESTER, NY 57,25057.2k $1.6m $1.6m 0.54% Added +308 +308
94 INTEGRITY WEALTH ADVISORS, INC. 1.05% of their portfolio Ventura, CA 54,51054.5k $1.5m $1.5m 1.05% Added +46.9k +46,865
95 Ausdal Financial Partners, Inc. 0.07% of their portfolio Davenport, IA 53,85653.9k $1.5m $1.5m 0.07% Added +2.0k +2,033
96 OLD MISSION CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 53,67253.7k $1.5m $1.5m 0.06% New
97 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 52,48452.5k $1.4m $1.4m 0.00% Added +8.1k +8,053
98 Proficio Capital Partners LLC 0.10% of their portfolio NEWTON, MA 50,66550.7k $1.4m $1.4m 0.10% New
99 Wealth Advisory Solutions, LLC 0.32% of their portfolio ZIONSVILLE, IN 50,44850.4k $1.4m $1.4m 0.32% Added +130 +130
100 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 49,71149.7k $1.4m $1.4m 0.00% Reduced -2.6m -2,559,127