Vault-13

ISHARES TR IBDR

IBONDS DEC2026 · ETP · CUSIP 46435GAA0

426 institutional holders +1 vs Q2 2025
92,135,70192.1m shares reported held*
$2.4bnreported value*
42 new 222 added 93 reduced 34 sold out net sold ≈ $57.4m (-4.4m 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 ($631.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.39.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 174Q4 22: 206Q1 23: 231Q2 23: 232Q3 23: 260Q4 23: 318Q1 24: 333Q2 24: 347Q3 24: 358Q4 24: 390Q1 25: 409Q2 25: 425Q3 25: 426426Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022174
Q4 2022206
Q1 2023231
Q2 2023232
Q3 2023260
Q4 2023318
Q1 2024333
Q2 2024347
Q3 2024358
Q4 2024390
Q1 2025409
Q2 2025425
Q3 2025426

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 201 bought or addedQ4 23: 79 cut or sold outQ1 24: 232 bought or addedQ1 24: 73 cut or sold outQ1 24Q2 24: 222 bought or addedQ2 24: 94 cut or sold outQ3 24: 231 bought or addedQ3 24: 90 cut or sold outQ3 24Q4 24: 255 bought or addedQ4 24: 84 cut or sold outQ1 25: 256 bought or addedQ1 25: 114 cut or sold outQ1 25Q2 25: 234 bought or addedQ2 25: 133 cut or sold outQ3 25: 264 bought or addedQ3 25: 127 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202320179
Q1 202423273
Q2 202422294
Q3 202423190
Q4 202425584
Q1 2025256114
Q2 2025234133
Q3 2025264127

Biggest buyers

MERCER GLOBAL ADVISORS INC /ADV Added +759,242+759.2k
COWA, LLC New +682,472+682.5k
LPL Financial LLC Added +502,039+502.0k
IFS Advisors, LLC New +467,228+467.2k
Lido Advisors, LLC Added +457,205+457.2k
Sanctuary Advisors, LLC Added +457,188+457.2k
CITADEL ADVISORS LLC New +421,532+421.5k
Keeler Thomas Management LLC New +399,260+399.3k
HM PAYSON & CO Added +363,350+363.4k
Summit Financial, LLC New +333,054+333.1k

Biggest sellers

CAPITAL ADVISORS INC/OK Sold out -2,500,009-2.5m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,194,052-2.2m
ROYAL BANK OF CANADA Reduced -1,415,659-1.4m
WOODMONT INVESTMENT COUNSEL LLC Sold out -970,565-970.6k
RENAISSANCE TECHNOLOGIES LLC Sold out -689,186-689.2k
COWA, LLC Sold out -610,840-610.8k
MORGAN STANLEY Reduced -561,141-561.1k
NOVEM GROUP Reduced -523,291-523.3k
Keeler Thomas Management LLC Sold out -416,353-416.4k
Creative Planning Reduced -320,799-320.8k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 9,225,3249.2m $224.2m $224.2m 0.02% Added +250.8k +250,794
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,708,3703.7m $90.1m $90.1m 0.01% Reduced -561.1k -561,141
3 Lido Advisors, LLC 0.36% of their portfolio Los Angeles, CA 3,592,8333.6m $87.3m $87.3m 0.36% Added +457.2k +457,205
4 MERCER GLOBAL ADVISORS INC /ADV 0.15% of their portfolio DENVER, CO 3,580,6583.6m $87.0m $87.0m 0.15% Added +759.2k +759,242
5 HM PAYSON & CO 1.24% of their portfolio PORTLAND, ME 3,559,9633.6m $86.5m $86.5m 1.24% Added +363.4k +363,350
6 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 3,412,6553.4m $82.9m $82.9m 0.02% Added +502.0k +502,039
7 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 2,690,0402.7m $65.4m $65.4m 0.02% Added +66.6k +66,574
8 Sound View Wealth Advisors Group, LLC 3.01% of their portfolio SAVANNAH, GA 1,802,6971.8m $43.8m $43.8m 3.01% Added +91.9k +91,888
9 Sarver Vrooman Wealth Advisors 27.62% of their portfolio KANSAS CITY, MO 1,768,3831.8m $43.0m $43.0m 27.62% Added +15.0k +14,981
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,502,9711.5m $36.5m $36.5m 0.01% Reduced -1.4m -1,415,659
11 CAPTRUST FINANCIAL ADVISORS 0.07% of their portfolio RALEIGH, NC 1,498,4871.5m $36.4m $36.4m 0.07% Added +91.9k +91,867
12 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,456,9001.5m $35.4m $35.4m 0.01% Added +84.2k +84,190
13 Gratus Wealth Advisors, LLC 4.67% of their portfolio VIRGINIA BEACH, VA 1,366,3031.4m $33.2m $33.2m 4.67% Added +41.2k +41,240
14 HOWLAND CAPITAL MANAGEMENT LLC 1.23% of their portfolio BOSTON, MA 1,330,4021.3m $32.3m $32.3m 1.23% Added +94.3k +94,302
15 Kathmere Capital Management, LLC 2.23% of their portfolio WAYNE, PA 1,288,3431.3m $31.3m $31.3m 2.23% Added +153.1k +153,076
16 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,255,0721.3m $30.5m $30.5m 0.01% Reduced -56.2k -56,152
17 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 1,252,2191.3m $30.4m $30.4m 0.03% Added +171.3k +171,267
18 SIGMA INVESTMENT COUNSELORS INC 1.48% of their portfolio NORTHVILLE, MI 1,175,9261.2m $28.6m $28.6m 1.48% Added +46.3k +46,264
19 RVW Wealth, LLC 2.16% of their portfolio LOS ANGELES, CA 1,135,9751.1m $27.6m $27.6m 2.16% Added +44.0k +44,040
20 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 1,122,8671.1m $27.3m $27.3m 0.04% Added +68.6k +68,608
21 SHUFRO ROSE & CO LLC 2.16% of their portfolio NEW YORK, NY 1,086,4551.1m $26.3m $26.3m 2.16% Reduced -6.5k -6,544
22 TABR Capital Management, LLC 17.83% of their portfolio ORANGE, CA 1,071,6941.1m $26.0m $26.0m 17.83% Added +10.0k +9,956
23 Stratos Wealth Partners, LTD. 0.26% of their portfolio BEACHWOOD, OH 914,041914.0k $22.2m $22.2m 0.26% Added +37.1k +37,124
24 NewEdge Advisors, LLC 0.10% of their portfolio NEW ORLEANS, LA 905,180905.2k $22.0m $22.0m 0.10% Added +150.0k +150,018
25 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 890,530890.5k $21.6m $21.6m 0.01% Added +53.9k +53,940
26 Sanctuary Advisors, LLC 0.06% of their portfolio INDIANAPOLIS, IN 873,837873.8k $21.2m $21.2m 0.06% Added +457.2k +457,188
27 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 824,837824.8k $20.0m $20.0m 0.03% Reduced -32.9k -32,949
28 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 804,766804.8k $19.6m $19.6m 0.03% Added +33.0k +33,005
29 Klingman & Associates, LLC 0.98% of their portfolio New York, NY 802,857802.9k $19.5m $19.5m 0.98% Reduced -15.6k -15,584
30 Kestra Advisory Services, LLC 0.08% of their portfolio AUSTIN, TX 746,390746.4k $18.1m $18.1m 0.08% Added +23.2k +23,245
31 Venture Visionary Partners LLC 0.62% of their portfolio Sylvania, OH 745,038745.0k $18.1m $18.1m 0.62% Reduced -192.5k -192,522
32 BENJAMIN EDWARDS INC 0.20% of their portfolio Clayton, MO 723,855723.9k $17.6m $17.6m 0.20% Added +39.4k +39,422
33 Summit Asset Management, LLC 2.67% of their portfolio MEMPHIS, TN 714,154714.2k $17.4m $17.4m 2.67% Added +25.6k +25,579
34 REBALANCE, LLC 1.03% of their portfolio PALO ALTO, CA 702,629702.6k $17.1m $17.1m 1.03% Added +248.7k +248,724
35 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 702,156702.2k $17.1m $17.1m 0.02% Reduced -3.1k -3,122
36 Journey Advisory Group, LLC 1.25% of their portfolio COVINGTON, KY 694,316694.3k $16.9m $16.9m 1.25% Added +20.5k +20,511
37 COWA, LLC 5.50% of their portfolio Tulsa, OK 682,472682.5k $16.6m $16.6m 5.50% New
38 Glenview Trust Co 0.25% of their portfolio Louisville, KY 657,888657.9k $16.0m $16.0m 0.25% Added +35.8k +35,801
39 MV CAPITAL MANAGEMENT, INC. 1.53% of their portfolio BETHESDA, MD 654,500654.5k $15.9m $15.9m 1.53% Added +2.3k +2,287
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 648,532648.5k $15.7m $15.7m 0.02% Reduced -110.8k -110,769
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 636,880636.9k $15.5m $15.5m 0.00% Added +291.1k +291,119
42 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 626,085626.1k $15.2m $15.2m 0.01% Added +37.3k +37,314
43 CWM, LLC 0.04% of their portfolio OMAHA, NE 601,444601.4k $14.6m $14.6m 0.04% Reduced -11.5k -11,489
44 CENTRAL TRUST Co 0.30% of their portfolio JEFFERSON CITY, MO 586,700586.7k $14.3m $14.3m 0.30% Added +12.4k +12,395
45 Strid Group, LLC 1.77% of their portfolio NEWTOWN SQUARE, PA 574,486574.5k $14.0m $14.0m 1.77% Added +3.6k +3,634
46 Mesirow Financial Investment Management, Inc. 0.25% of their portfolio CHICAGO, IL 569,624569.6k $13.8m $13.8m 0.25% Added +12.7k +12,735
47 Arrow Financial Corp 1.39% of their portfolio Glens Falls, NY 559,148559.1k $13.6m $13.6m 1.39% Reduced -14.2k -14,226
48 Northstar Group, Inc. 1.87% of their portfolio NEW YORK, NY 529,674529.7k $12.9m $12.9m 1.87% Added +10.0k +10,000
49 Global Retirement Partners, LLC 0.28% of their portfolio San Rafael, CA 516,728516.7k $12.6m $12.6m 0.28% Added +31.4k +31,447
50 Beacon Pointe Advisors, LLC 0.10% of their portfolio NEWPORT BEACH, CA 501,531501.5k $12.2m $12.2m 0.10% Added +32.7k +32,740
51 Baltimore-Washington Financial Advisors, Inc. 0.51% of their portfolio Columbia, MD 490,596490.6k $11.9m $11.9m 0.51% Reduced -29.4k -29,431
52 SPINNAKER TRUST 0.66% of their portfolio PORTLAND, ME 485,872485.9k $11.8m $11.8m 0.66% Added +44.7k +44,655
53 IFS Advisors, LLC 6.64% of their portfolio OVERLAND PARK, KS 467,228467.2k $11.4m $11.4m 6.64% New
54 Bulltick Wealth Management, LLC 2.59% of their portfolio Miami, FL 450,515450.5k $10.9m $10.9m 2.59% Unchanged
55 LYELL WEALTH MANAGEMENT, LP 0.78% of their portfolio MENLO PARK, CA 434,861434.9k $10.6m $10.6m 0.78% Added +43.3k +43,278
56 Capital Investment Advisors, LLC 0.17% of their portfolio ATLANTA, GA 434,006434.0k $10.5m $10.5m 0.17% Added +56.6k +56,560
57 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 421,532421.5k $10.2m $10.2m 0.01% New
58 Windsor Capital Management, LLC 2.78% of their portfolio Phoenix, AZ 414,832414.8k $10.1m $10.1m 2.78% Added +10.3k +10,256
59 IFP Advisors, Inc 0.26% of their portfolio TAMPA, FL 409,918409.9k $10.0m $10.0m 0.26% Reduced -203 -203
60 MOSELEY INVESTMENT MANAGEMENT INC 2.97% of their portfolio BRADENTON, FL 402,007402.0k $9.8m $9.8m 2.97% Added +73.6k +73,580
61 Keeler Thomas Management LLC 3.96% of their portfolio Orem, UT 399,260399.3k $9.7m $9.7m 3.96% New
62 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 369,030369.0k $9.0m $9.0m 0.01% Added +58.9k +58,949
63 InvesTrust 3.07% of their portfolio OKLAHOMA CITY, OK 344,799344.8k $8.4m $8.4m 3.07% Added +9.4k +9,419
64 LEAVELL INVESTMENT MANAGEMENT, INC. 0.34% of their portfolio MOBILE, AL 336,411336.4k $8.2m $8.2m 0.34% Added +10.7k +10,710
65 ARCADIA INVESTMENT ADVISORS LLC 3.94% of their portfolio EAGLE, ID 333,871333.9k $8.1m $8.1m 3.94% Added +3.5k +3,512
66 Summit Financial, LLC 0.12% of their portfolio PARSIPPANY, NJ 333,054333.1k $8.1m $8.1m 0.12% New
67 McGuire Investment Group, LLC 0.91% of their portfolio WAKEFIELD, RI 331,783331.8k $8.1m $8.1m 0.91% Added +30.9k +30,940
68 Allworth Financial LP 0.04% of their portfolio FOLSOM, CA 328,684328.7k $8.0m $8.0m 0.04% Added +13.2k +13,160
69 First National Trust Co 0.27% of their portfolio Johnstown, PA 322,234322.2k $7.8m $7.8m 0.27% Added +12.2k +12,159
70 SAX WEALTH ADVISORS, LLC 0.41% of their portfolio PARSIPPANY, NJ 315,147315.1k $7.7m $7.7m 0.41% Added +41.9k +41,873
71 MCF Advisors LLC 0.46% of their portfolio LEXINGTON, KY 306,199306.2k $7.4m $7.4m 0.46% Added +18.3k +18,293
72 Peloton Wealth Strategists 2.91% of their portfolio INDIANAPOLIS, IN 304,120304.1k $7.4m $7.4m 2.91% Added +3.8k +3,800
73 Wick Capital Partners, LLC 1.73% of their portfolio WAYNE, PA 299,117299.1k $7.3m $7.3m 1.73% Added +291.6k +291,636
74 Madden Advisory Services, Inc. 2.75% of their portfolio Jacksonville, FL 292,524292.5k $7.1m $7.1m 2.75% New
75 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 288,627288.6k $7.0m $7.0m 0.01% Added +54.6k +54,612
76 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 283,136283.1k $6.9m $6.9m 0.00% Reduced -2.2m -2,194,052
77 Ironwood Financial, llc 1.19% of their portfolio TUCSON, AZ 276,222276.2k $6.7m $6.7m 1.19% Added +118.3k +118,268
78 FULTON BREAKEFIELD BROENNIMAN LLC 0.42% of their portfolio Bethesda, MD 266,206266.2k $6.5m $6.5m 0.42% Added +10.9k +10,884
79 Mariner, LLC 0.01% of their portfolio Overland Park, KS 261,674261.7k $6.4m $6.4m 0.01% Added +40.5k +40,450
80 Kesler, Norman & Wride, LLC 1.23% of their portfolio OGDEN, UT 260,723260.7k $6.3m $6.3m 1.23% Reduced -14.7k -14,674
81 Integras Partners LLC 5.09% of their portfolio Alpharetta, GA 259,248259.2k $6.3m $6.3m 5.09% New
82 Snowden Capital Advisors LLC 0.17% of their portfolio New York, NY 258,280258.3k $6.3m $6.3m 0.17% Added +324 +324
83 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 256,415256.4k $6.2m $6.2m 0.04% Added +34.5k +34,465
84 Private Advisor Group, LLC 0.03% of their portfolio MORRISTOWN, NJ 254,465254.5k $6.2m $6.2m 0.03% Added +2.5k +2,482
85 Laurel Wealth Advisors LLC 0.86% of their portfolio CHARLOTTE, NC 253,622253.6k $6.2m $6.2m 0.86% Added +5.6k +5,590
86 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 247,802247.8k $6.0m $6.0m 0.06% Added +16.0k +16,040
87 Resonant Capital Advisors, LLC 0.35% of their portfolio Madison, WI 247,176247.2k $6.0m $6.0m 0.35% Added +60.4k +60,362
88 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.09% of their portfolio MINNEAPOLIS, MN 243,334243.3k $5.9m $5.9m 0.09% Added +65.1k +65,053
89 Parallel Advisors, LLC 0.11% of their portfolio SAN FRANCISCO, CA 242,833242.8k $5.9m $5.9m 0.11% Added +12.4k +12,390
90 Praetorian Wealth Management, Inc. 1.21% of their portfolio CARMEL, CA 242,139242.1k $5.9m $5.9m 1.21% Added +4.0k +3,999
91 HAMEL ASSOCIATES, INC. 1.80% of their portfolio Center Valley, PA 240,379240.4k $5.8m $5.8m 1.80% Reduced -3.6k -3,640
92 Beaumont Asset Management, L.L.C. 2.94% of their portfolio BEAUMONT, TX 240,325240.3k $5.8m $5.8m 2.94% Added +6.4k +6,390
93 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 239,705239.7k $5.8m $5.8m 0.02% Added +11.7k +11,685
94 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 237,788237.8k $5.8m $5.8m 0.05% Added +43.8k +43,848
95 Atlantic Union Bankshares Corp 0.11% of their portfolio GLEN ALLEN, VA 235,629235.6k $5.7m $5.7m 0.11% Reduced -14.0k -14,044
96 Signature Wealth Management Group 2.22% of their portfolio ATLANTA, GA 235,291235.3k $5.7m $5.7m 2.22% Added +106 +106
97 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 225,924225.9k $5.5m $5.5m 0.01% Added +497 +497
98 Crews Bank & Trust 0.79% of their portfolio PORT CHARLOTTE, FL 223,280223.3k $5.4m $5.4m 0.79% Added +3.8k +3,775
99 Atria Investments, Inc 0.06% of their portfolio Charlotte, NC 211,812211.8k $5.1m $5.1m 0.06% Added +4.6k +4,562
100 DROMS STRAUSS ADVISORS INC /MO/ /ADV 1.47% of their portfolio ST. LOUIS, MO 208,029208.0k $5.1m $5.1m 1.47% Added +21.3k +21,297