Vault-13

ISHARES TR USHY

BROAD USD HIGH · ETP · CUSIP 46435U853

583 institutional holders +19 vs Q1 2025
538,617,926538.6m shares reported held*
$20.2bnreported value*
81 new 221 added 182 reduced 69 sold out net bought ≈ $2.8bn (+75.2m 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 ($25.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.52.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 347Q4 22: 383Q1 23: 393Q2 23: 394Q3 23: 410Q4 23: 453Q1 24: 455Q2 24: 476Q3 24: 504Q4 24: 551Q1 25: 564Q2 25: 583583Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022347
Q4 2022383
Q1 2023393
Q2 2023394
Q3 2023410
Q4 2023453
Q1 2024455
Q2 2024476
Q3 2024504
Q4 2024551
Q1 2025564
Q2 2025583

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 237 bought or addedQ3 23: 151 cut or sold outQ4 23: 234 bought or addedQ4 23: 179 cut or sold outQ4 23Q1 24: 250 bought or addedQ1 24: 198 cut or sold outQ2 24: 274 bought or addedQ2 24: 191 cut or sold outQ2 24Q3 24: 300 bought or addedQ3 24: 189 cut or sold outQ4 24: 320 bought or addedQ4 24: 191 cut or sold outQ4 24Q1 25: 291 bought or addedQ1 25: 249 cut or sold outQ2 25: 302 bought or addedQ2 25: 251 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023237151
Q4 2023234179
Q1 2024250198
Q2 2024274191
Q3 2024300189
Q4 2024320191
Q1 2025291249
Q2 2025302251

Calls vs puts

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

CallsPuts
$0$2k$4k$6k$8kQ3 24 calls: $7.5kQ3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $74Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$7.5k$00.00
Q4 2024$0$0—
Q1 2025$0$74—
Q2 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +17,091,459+17.1m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +12,100,000+12.1m
Counterpoint Mutual Funds LLC Added +7,944,772+7.9m
BlackRock, Inc. Added +7,208,734+7.2m
FMR LLC Added +6,891,302+6.9m
TOEWS CORP /ADV New +6,149,000+6.1m
ROYAL BANK OF CANADA Added +5,881,504+5.9m
TIAA TRUST, NATIONAL ASSOCIATION Added +4,689,028+4.7m
GRIMES & Co WEALTH MANAGEMENT, LLC New +4,445,406+4.4m
PRINCIPAL FINANCIAL GROUP INC Added +3,878,825+3.9m

Biggest sellers

NORTHERN TRUST CORP Reduced -5,207,590-5.2m
PRUDENTIAL PLC Reduced -4,421,717-4.4m
BNP PARIBAS FINANCIAL MARKETS Reduced -2,360,429-2.4m
Clark Capital Management Group, Inc. Sold out -2,059,568-2.1m
UBS Group AG Reduced -990,954-991.0k
Kensington Asset Management, LLC Reduced -855,660-855.7k
OLD MISSION CAPITAL LLC Sold out -793,334-793.3k
STATE STREET CORP Sold out -782,961-783.0k
Roberts Financial Services LLC Reduced -735,017-735.0k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -730,012-730.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: BlackRock Portfolio Management LLC (1.6%, 2026-10-27)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRUDENTIAL PLC 17.25% of their portfolio LONDON, X0 75,293,18575.3m $2.8bn $2.8bn 17.25% Reduced -4.4m -4,421,717
2 BlackRock, Inc. 0.03% of their portfolio New York, NY 45,973,30046.0m $1.7bn $1.7bn 0.03% Added +7.2m +7,208,734
3 WELLS FARGO & COMPANY/MN 0.33% of their portfolio SAN FRANCISCO, CA 39,789,44039.8m $1.5bn $1.5bn 0.33% Added +1.6m +1,555,458
4 NORTHERN TRUST CORP 0.18% of their portfolio CHICAGO, IL 35,043,22635.0m $1.3bn $1.3bn 0.18% Reduced -5.2m -5,207,590
5 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 29,365,21029.4m $1.1bn $1.1bn 0.09% Added +1.6m +1,595,037
6 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 25,278,57025.3m $948.2m $948.2m 0.07% Added +17.1m +17,091,459
7 JONES FINANCIAL COMPANIES LLLP 0.63% of their portfolio DES PERES, MO 22,299,57522.3m $834.0m $834.0m 0.63% Added +1.5m +1,491,520
8 Ilmarinen Mutual Pension Insurance Co 5.15% of their portfolio HELSINKI, H9 17,080,00017.1m $640.7m $640.7m 5.15% Reduced -100.0k -100,000
9 RAYMOND JAMES FINANCIAL INC 0.21% of their portfolio ST. PETERSBURG, FL 16,496,90216.5m $618.8m $618.8m 0.21% Added +605.0k +604,964
10 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 16,420,97316.4m $616.0m $616.0m 0.10% Added +747.9k +747,910
11 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.14% of their portfolio VICTORIA, A1 14,399,00014.4m $540.1m $540.1m 3.14% Added +12.1m +12,100,000
12 Counterpoint Mutual Funds LLC 43.77% of their portfolio San Diego, CA 13,188,55813.2m $494.7m $494.7m 43.77% Added +7.9m +7,944,772
13 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 12,555,51312.6m $471.0m $471.0m 0.03% Added +160.1k +160,119
14 Ocean Park Asset Management, LLC 15.19% of their portfolio SANTA MONICA, CA 11,630,69611.6m $428.1m $428.1m 15.19% Unchanged
15 TIAA TRUST, NATIONAL ASSOCIATION 0.86% of their portfolio CHARLOTTE, NC 8,868,1368.9m $332.0m $332.0m 0.86% Added +4.7m +4,689,028
16 Japan Science & Technology Agency 5.25% of their portfolio TOKYO, M0 8,819,9068.8m $330.8m $330.8m 5.25% Unchanged
17 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 7,026,1427.0m $263.6m $263.6m 0.03% Added +5.9m +5,881,504
18 FMR LLC 0.01% of their portfolio BOSTON, MA 6,984,5957.0m $262.0m $262.0m 0.01% Added +6.9m +6,891,302
19 TOEWS CORP /ADV 33.57% of their portfolio NORTHFIELD, NJ 6,149,0006.1m $230.6m $230.6m 33.57% New
20 Thrivent Financial for Lutherans 0.46% of their portfolio Minneapolis, MN 5,617,9105.6m $210.7m $210.7m 0.46% Reduced -561.5k -561,489
21 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 5,466,1515.5m $205.0m $205.0m 0.06% Added +908.4k +908,395
22 GRIMES & Co WEALTH MANAGEMENT, LLC 4.54% of their portfolio WESTBOROUGH, MA 4,445,4064.4m $166.7m $166.7m 4.54% New
23 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 4,376,3744.4m $164.2m $164.2m 0.05% Reduced -469.8k -469,783
24 PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio DES MOINES, IA 4,220,8394.2m $158.3m $158.3m 0.08% Added +3.9m +3,878,825
25 Kensington Asset Management, LLC 10.75% of their portfolio AUSTIN, TX 3,795,4503.8m $142.4m $142.4m 10.75% Reduced -855.7k -855,660
26 1832 Asset Management L.P. 0.23% of their portfolio TORONTO, A6 3,591,4453.6m $134.7m $134.7m 0.23% Added +1.3m +1,285,870
27 Silver Point Capital L.P. 7.77% of their portfolio Greenwich, CT 2,950,0003.0m $110.7m $110.7m 7.77% New
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,908,8682.9m $109.1m $109.1m 0.02% Reduced -315.9k -315,910
29 ASSETMARK, INC 0.24% of their portfolio CONCORD, CA 2,682,3672.7m $100.6m $100.6m 0.24% Added +1.2m +1,157,702
30 NEPC LLC 2.43% of their portfolio Boston, MA 2,563,3232.6m $96.2m $96.2m 2.43% Unchanged
31 SigFig Wealth Management, LLC 2.84% of their portfolio SAN FRANCISCO, CA 2,291,9102.3m $85.7m $85.7m 2.84% Added +47.2k +47,223
32 Alaska Permanent Fund Corp 5.07% of their portfolio JUNEAU, AK 2,286,6192.3m $85.5m $85.5m 5.07% Added +975.0k +975,000
33 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,185,6432.2m $82.0m $82.0m 0.02% Added +344.7k +344,651
34 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 2,124,0892.1m $79.7m $79.7m 0.06% Added +335.4k +335,391
35 1607 Capital Partners, LLC 6.15% of their portfolio Richmond, VA 2,021,2002.0m $75.8m $75.8m 6.15% Reduced -69.4k -69,400
36 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,010,9662.0m $75.4m $75.4m 0.02% Reduced -991.0k -990,954
37 One Capital Management, LLC 2.30% of their portfolio WESTLAKE VILLAGE, CA 1,767,6331.8m $66.3m $66.3m 2.30% Added +52.9k +52,917
38 REBALANCE, LLC 4.36% of their portfolio PALO ALTO, CA 1,711,2641.7m $64.2m $64.2m 4.36% Added +12.4k +12,435
39 Bricktown Capital, LLC 10.70% of their portfolio DETROIT, MI 1,574,9121.6m $59.1m $59.1m 10.70% Added +4.1k +4,066
40 Cerity Partners LLC 0.10% of their portfolio NEW YORK, NY 1,536,7171.5m $57.6m $57.6m 0.10% Reduced -37.6k -37,612
41 CWM, LLC 0.20% of their portfolio OMAHA, NE 1,519,3001.5m $57.0m $57.0m 0.20% Added +374.6k +374,556
42 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,480,5601.5m $55.5m $55.5m 0.03% Unchanged
43 FACTORY MUTUAL INSURANCE CO 0.56% of their portfolio WALTHAM, MA 1,355,0001.4m $50.8m $50.8m 0.56% Unchanged
44 Venturi Wealth Management, LLC 2.50% of their portfolio AUSTIN, TX 1,349,3301.3m $50.6m $50.6m 2.50% Added +1.3m +1,319,246
45 Betterment LLC 0.10% of their portfolio NEW YORK, NY 1,294,5111.3m $48.6m $48.6m 0.10% Added +111.2k +111,250
46 ALLSTATE CORP 3.44% of their portfolio NORTHBROOK, IL 1,274,0001.3m $47.8m $47.8m 3.44% Reduced -714.0k -714,000
47 Wealthfront Advisers LLC 0.12% of their portfolio Palo Alto, CA 1,225,6701.2m $46.0m $46.0m 0.12% Reduced -57.6k -57,558
48 Koss-Olinger Consulting, LLC 3.73% of their portfolio GAINESVILLE, FL 1,212,5101.2m $45.5m $45.5m 3.73% Reduced -101.1k -101,105
49 NEOS Investment Management LLC 0.55% of their portfolio Westport, CT 1,182,1741.2m $44.1m $44.1m 0.55% Added +221.2k +221,171
50 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 1,136,6431.1m $42.6m $42.6m 0.08% Added +116.5k +116,548
51 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 1,101,5151.1m $41.3m $41.3m 0.03% Reduced -2.4m -2,360,429
52 Roberts Financial Services LLC 13.74% of their portfolio MARQUETTE, MI 1,061,9401.1m $39.8m $39.8m 13.74% Reduced -735.0k -735,017
53 Angeles Investment Advisors, LLC 2.22% of their portfolio SANTA MONICA, CA 1,048,0001.0m $39.3m $39.3m 2.22% Reduced -556.0k -556,000
54 DSC Meridian Capital LP 20.82% of their portfolio NEW YORK, NY 1,013,1991.0m $38.0m $38.0m 20.82% Reduced -178.9k -178,853
55 MANNING & NAPIER ADVISORS LLC 0.45% of their portfolio Fairport, NY 1,003,0251.0m $37.6m $37.6m 0.45% Added +898.4k +898,373
56 Prime Capital Investment Advisors, LLC 0.49% of their portfolio OVERLAND PARK, KS 990,338990.3k $37.1m $37.1m 0.49% Reduced -53.2k -53,226
57 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 990,169990.2k $37.1m $37.1m 0.05% Added +27.3k +27,264
58 MERCER GLOBAL ADVISORS INC /ADV 0.08% of their portfolio DENVER, CO 981,399981.4k $36.8m $36.8m 0.08% Added +18.1k +18,114
59 Capital Asset Advisory Services LLC 1.53% of their portfolio Williamston, MI 879,733879.7k $32.8m $32.8m 1.53% Reduced -6.7k -6,727
60 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 875,803875.8k $32.9m $32.9m 0.06% Added +59.2k +59,242
61 AXXCESS WEALTH MANAGEMENT, LLC 0.79% of their portfolio CARLSBAD, CA 872,245872.2k $32.7m $32.7m 0.79% Reduced -17.7k -17,717
62 MACKENZIE FINANCIAL CORP 0.04% of their portfolio TORONTO ONTARIO, A6 840,484840.5k $31.5m $31.5m 0.04% Added +61.0k +61,023
63 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 835,552835.6k $31.3m $31.3m 0.05% Added +563.1k +563,125
64 BTS Asset Management, Inc. 36.38% of their portfolio Lincoln, MA 805,427805.4k $30.2m $30.2m 36.38% Added +590.4k +590,423
65 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 789,691789.7k $29.6m $29.6m 0.03% Added +12.0k +11,986
66 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 774,867774.9k $29.1m $29.1m 0.09% Added +631.3k +631,289
67 Prestige Wealth Management Group LLC 5.55% of their portfolio FLEMINGTON, NJ 725,945725.9k $27.2m $27.2m 5.55% Reduced -31.3k -31,258
68 &PARTNERS 0.18% of their portfolio NASHVILLE, TN 618,865618.9k $23.2m $23.2m 0.18% Reduced -31.8k -31,793
69 Santa Clara Valley Transportation Authority 21.85% of their portfolio SAN JOSE, CA 614,225614.2k $23.0m $23.0m 21.85% Unchanged
70 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 614,001614.0k $23.0m $23.0m 0.01% Added +472.9k +472,895
71 Clearstead Advisors, LLC 0.32% of their portfolio CLEVELAND, OH 610,653610.7k $22.9m $22.9m 0.32% Added +600.9k +600,942
72 OneDigital Investment Advisors LLC 0.25% of their portfolio OVERLAND PARK, KS 591,461591.5k $22.2m $22.2m 0.25% Reduced -114.0k -113,966
73 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.12% of their portfolio Cincinnati, OH 572,228572.2k $21.5m $21.5m 0.12% New
74 Baker Avenue Asset Management, LP 0.60% of their portfolio SAN FRANCISCO, CA 564,075564.1k $21.2m $21.2m 0.60% Added +13.0k +13,032
75 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 559,086559.1k $21.0m $21.0m 0.02% Added +13.5k +13,519
76 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.32% of their portfolio MILWAUKEE, WI 550,000550.0k $20.6m $20.6m 0.32% New
77 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 539,344539.3k $20.2m $20.2m 0.03% Added +185.0k +185,003
78 PHILLIPS FINANCIAL MANAGEMENT, LLC 1.42% of their portfolio FORT WAYNE, IN 523,249523.2k $19.6m $19.6m 1.42% Added +8.4k +8,408
79 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.75% of their portfolio BOSTON, MA 498,961499.0k $18.7m $18.7m 0.75% Reduced -730.0k -730,012
80 First Command Advisory Services, Inc. 0.16% of their portfolio FORT WORTH, TX 498,512498.5k $18.7m $18.7m 0.16% Added +66.5k +66,505
81 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 488,026488.0k $18.3m $18.3m 0.02% Added +363.8k +363,772
82 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 487,638487.6k $18.3m $18.3m 0.02% Reduced -60.3k -60,272
83 BARINGS LLC 0.39% of their portfolio CHARLOTTE, NC 445,500445.5k $16.7m $16.7m 0.39% New
84 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 421,457421.5k $15.8m $15.8m 0.02% New
85 Wedmont Private Capital 0.65% of their portfolio WEST CHESTER, PA 406,461406.5k $15.2m $15.2m 0.65% Reduced -3.3k -3,283
86 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 404,138404.1k $15.2m $15.2m 0.02% Reduced -10.0k -10,000
87 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 401,924401.9k $15.1m $15.1m 0.00% Added +13.8k +13,850
88 Focus Partners Advisor Solutions, LLC 0.20% of their portfolio SAINT LOUIS, MO 401,208401.2k $15.0m $15.0m 0.20% New
89 Allegiance Financial Group Advisory Services LLC 3.98% of their portfolio VIENNA, VA 400,305400.3k $15.0m $15.0m 3.98% Added +24.9k +24,908
90 State of New Jersey Common Pension Fund D 0.06% of their portfolio TRENTON, NJ 400,000400.0k $15.0m $15.0m 0.06% New
91 PRINCIPAL SECURITIES, INC. 0.28% of their portfolio DES MOINES, IA 390,542390.5k $14.6m $14.6m 0.28% Added +110.3k +110,272
92 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 386,653386.7k $14.5m $14.5m 0.01% Added +110.0k +109,959
93 Equitable Holdings, Inc. 0.12% of their portfolio NEW YORK, NY 379,065379.1k $14.2m $14.2m 0.12% Reduced -51.6k -51,612
94 ALPS ADVISORS INC 0.08% of their portfolio Denver, CO 373,988374.0k $14.0m $14.0m 0.08% Added +109.4k +109,410
95 SHENKMAN CAPITAL MANAGEMENT INC 1.28% of their portfolio NEW YORK, NY 344,380344.4k $12.9m $12.9m 1.28% Reduced -151.5k -151,470
96 HRT FINANCIAL LP 0.07% of their portfolio NEW YORK, NY 338,106338.1k $12.7m $12.7m 0.07% Reduced -154.5k -154,501
97 Summit Wealth Group, LLC 3.25% of their portfolio WHITE RIVER JUNCTION, VT 337,425337.4k $12.7m $12.7m 3.25% Added +306.3k +306,261
98 Trek Financial, LLC 0.83% of their portfolio Scottsdale, AZ 331,281331.3k $12.4m $12.4m 0.83% Added +242.9k +242,854
99 Northeast Financial Group, Inc. 3.85% of their portfolio Allentown, PA 324,016324.0k $12.2m $12.2m 3.85% Added +104.2k +104,189
100 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 311,410311.4k $11.7m $11.7m 0.01% Reduced -355.2k -355,170