Vault-13

ISHARES TR USHY

BROAD USD HIGH · ETP · CUSIP 46435U853

600 institutional holders +17 vs Q2 2025
562,752,707562.8m shares reported held*
$21.3bnreported value*
81 new 265 added 162 reduced 56 sold out net bought ≈ $918.7m (+24.3m 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 ($28.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.78.

Trends to Q3 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: 583Q3 25: 600600Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025600

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 234 bought or addedQ4 23: 179 cut or sold outQ1 24: 250 bought or addedQ1 24: 198 cut or sold outQ1 24Q2 24: 274 bought or addedQ2 24: 191 cut or sold outQ3 24: 300 bought or addedQ3 24: 189 cut or sold outQ3 24Q4 24: 320 bought or addedQ4 24: 191 cut or sold outQ1 25: 291 bought or addedQ1 25: 249 cut or sold outQ1 25Q2 25: 302 bought or addedQ2 25: 251 cut or sold outQ3 25: 346 bought or addedQ3 25: 218 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023234179
Q1 2024250198
Q2 2024274191
Q3 2024300189
Q4 2024320191
Q1 2025291249
Q2 2025302251
Q3 2025346218

Calls vs puts

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

CallsPuts
$0$20$40$60$80Q4 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 —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$74—
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

JONES FINANCIAL COMPANIES LLLP Added +39,467,713+39.5m
Caisse de depot et placement du Quebec New +7,557,165+7.6m
Japan Science & Technology Agency Added +4,000,000+4.0m
CITADEL ADVISORS LLC New +2,295,906+2.3m
BANK OF AMERICA CORP /DE/ Added +2,102,246+2.1m
WELLS FARGO & COMPANY/MN Added +1,996,943+2.0m
Angel Oak Capital Advisors, LLC Added +1,807,300+1.8m
NATIXIS ADVISORS, LLC Added +1,245,439+1.2m
Counterpoint Mutual Funds LLC Added +1,221,326+1.2m
State of New Jersey Common Pension Fund D Added +800,000+800.0k

Biggest sellers

PRUDENTIAL PLC Reduced -10,510,358-10.5m
JPMORGAN CHASE & CO Reduced -10,014,130-10.0m
BlackRock, Inc. Reduced -6,415,130-6.4m
Ocean Park Asset Management, LLC Reduced -3,915,353-3.9m
Silver Point Capital L.P. Sold out -2,950,000-3.0m
ROYAL BANK OF CANADA Reduced -2,893,395-2.9m
Alaska Permanent Fund Corp Sold out -2,286,619-2.3m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -1,916,219-1.9m
Venturi Wealth Management, LLC Reduced -1,322,398-1.3m
FMR LLC Reduced -1,254,573-1.3m

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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRUDENTIAL PLC 17.99% of their portfolio LONDON, X0 64,782,82764.8m $2.4bn $2.4bn 17.99% Reduced -10.5m -10,510,358
2 JONES FINANCIAL COMPANIES LLLP 1.59% of their portfolio DES PERES, MO 61,767,28861.8m $2.3bn $2.3bn 1.59% Added +39.5m +39,467,713
3 WELLS FARGO & COMPANY/MN 0.32% of their portfolio SAN FRANCISCO, CA 41,786,38341.8m $1.6bn $1.6bn 0.32% Added +2.0m +1,996,943
4 BlackRock, Inc. 0.03% of their portfolio New York, NY 39,558,17039.6m $1.5bn $1.5bn 0.03% Reduced -6.4m -6,415,130
5 NORTHERN TRUST CORP 0.17% of their portfolio CHICAGO, IL 34,385,94234.4m $1.3bn $1.3bn 0.17% Reduced -657.3k -657,284
6 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 31,467,45631.5m $1.2bn $1.2bn 0.09% Added +2.1m +2,102,246
7 Ilmarinen Mutual Pension Insurance Co 4.94% of their portfolio HELSINKI, H9 17,430,00017.4m $658.5m $658.5m 4.94% Added +350.0k +350,000
8 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 17,009,85217.0m $642.6m $642.6m 0.09% Added +588.9k +588,879
9 RAYMOND JAMES FINANCIAL INC 0.20% of their portfolio ST. PETERSBURG, FL 16,820,24616.8m $635.5m $635.5m 0.20% Added +323.3k +323,344
10 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 15,264,44015.3m $576.7m $576.7m 0.02% Reduced -10.0m -10,014,130
11 Counterpoint Mutual Funds LLC 42.99% of their portfolio San Diego, CA 14,409,88414.4m $544.4m $544.4m 42.99% Added +1.2m +1,221,326
12 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.12% of their portfolio VICTORIA, A1 14,399,00014.4m $544.0m $544.0m 3.12% Unchanged
13 Japan Science & Technology Agency 8.62% of their portfolio TOKYO, M0 12,819,90612.8m $484.3m $484.3m 8.62% Added +4.0m +4,000,000
14 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 12,706,99712.7m $480.1m $480.1m 0.03% Added +151.5k +151,484
15 TIAA TRUST, NATIONAL ASSOCIATION 0.86% of their portfolio CHARLOTTE, NC 9,364,9789.4m $353.9m $353.9m 0.86% Added +496.8k +496,842
16 Ocean Park Asset Management, LLC 12.02% of their portfolio SANTA MONICA, CA 7,715,3437.7m $291.5m $291.5m 12.02% Reduced -3.9m -3,915,353
17 Caisse de depot et placement du Quebec 0.51% of their portfolio Montreal, A8 7,557,1657.6m $285.5m $285.5m 0.51% New
18 Thrivent Financial for Lutherans 0.47% of their portfolio Minneapolis, MN 6,357,5076.4m $240.2m $240.2m 0.47% Added +739.6k +739,597
19 TOEWS CORP /ADV 34.01% of their portfolio NORTHFIELD, NJ 6,300,0006.3m $238.0m $238.0m 34.01% Added +151.0k +151,000
20 FMR LLC 0.01% of their portfolio BOSTON, MA 5,730,0225.7m $216.5m $216.5m 0.01% Reduced -1.3m -1,254,573
21 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 5,085,3625.1m $192.1m $192.1m 0.06% Reduced -380.8k -380,789
22 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 5,009,1975.0m $189.2m $189.2m 0.06% Added +632.8k +632,823
23 GRIMES & Co WEALTH MANAGEMENT, LLC 4.27% of their portfolio WESTBOROUGH, MA 4,579,2614.6m $173.0m $173.0m 4.27% Added +133.9k +133,855
24 PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio DES MOINES, IA 4,165,4444.2m $157.4m $157.4m 0.08% Reduced -55.4k -55,395
25 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 4,132,7474.1m $156.1m $156.1m 0.03% Reduced -2.9m -2,893,395
26 Kensington Asset Management, LLC 7.11% of their portfolio AUSTIN, TX 3,140,4503.1m $118.6m $118.6m 7.11% Reduced -655.0k -655,000
27 1832 Asset Management L.P. 0.18% of their portfolio TORONTO, A6 2,865,9392.9m $108.3m $108.3m 0.18% Reduced -725.5k -725,506
28 ASSETMARK, INC 0.21% of their portfolio CONCORD, CA 2,579,1712.6m $97.4m $97.4m 0.21% Reduced -103.2k -103,196
29 NEPC LLC 2.55% of their portfolio Boston, MA 2,563,3232.6m $96.8m $96.8m 2.55% Unchanged
30 SigFig Wealth Management, LLC 2.97% of their portfolio SAN FRANCISCO, CA 2,540,6652.5m $96.0m $96.0m 2.97% Added +248.8k +248,755
31 CITADEL ADVISORS LLC 0.07% of their portfolio MIAMI, FL 2,295,9062.3m $86.7m $86.7m 0.07% New
32 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,235,8932.2m $84.5m $84.5m 0.02% Added +50.2k +50,250
33 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 2,212,1322.2m $83.6m $83.6m 0.06% Added +88.0k +88,043
34 One Capital Management, LLC 2.54% of their portfolio WESTLAKE VILLAGE, CA 2,107,1822.1m $79.6m $79.6m 2.54% Added +339.5k +339,549
35 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,076,4132.1m $78.4m $78.4m 0.02% Added +65.4k +65,447
36 1607 Capital Partners, LLC 5.64% of their portfolio Richmond, VA 1,979,5002.0m $74.8m $74.8m 5.64% Reduced -41.7k -41,700
37 Angel Oak Capital Advisors, LLC 55.06% of their portfolio ATLANTA, GA 1,855,8001.9m $70.1m $70.1m 55.06% Added +1.8m +1,807,300
38 REBALANCE, LLC 4.07% of their portfolio PALO ALTO, CA 1,786,1701.8m $67.5m $67.5m 4.07% Added +74.9k +74,906
39 Cerity Partners LLC 0.10% of their portfolio NEW YORK, NY 1,698,7741.7m $64.2m $64.2m 0.10% Added +162.1k +162,057
40 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 1,575,3171.6m $59.5m $59.5m 0.03% Added +94.8k +94,757
41 Bricktown Capital, LLC 9.80% of their portfolio DETROIT, MI 1,574,9121.6m $59.5m $59.5m 9.80% Unchanged
42 CWM, LLC 0.17% of their portfolio OMAHA, NE 1,535,2741.5m $58.0m $58.0m 0.17% Added +16.0k +15,974
43 Betterment LLC 0.11% of their portfolio NEW YORK, NY 1,510,8201.5m $57.1m $57.1m 0.11% Added +216.3k +216,309
44 Wealthfront Advisers LLC 0.12% of their portfolio Palo Alto, CA 1,376,5611.4m $52.0m $52.0m 0.12% Added +150.9k +150,891
45 FACTORY MUTUAL INSURANCE CO 0.50% of their portfolio WALTHAM, MA 1,355,0001.4m $51.2m $51.2m 0.50% Unchanged
46 NATIXIS ADVISORS, LLC 0.07% of their portfolio Boston, MA 1,336,3021.3m $50.5m $50.5m 0.07% Added +1.2m +1,245,439
47 ALLSTATE CORP 1.12% of their portfolio NORTHBROOK, IL 1,302,7831.3m $49.2m $49.2m 1.12% Added +28.8k +28,783
48 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 1,289,2551.3m $48.5m $48.5m 0.07% Added +152.6k +152,612
49 NEOS Investment Management LLC 0.36% of their portfolio Westport, CT 1,276,7681.3m $48.0m $48.0m 0.36% Added +94.6k +94,594
50 MERCER GLOBAL ADVISORS INC /ADV 0.08% of their portfolio DENVER, CO 1,238,5131.2m $46.8m $46.8m 0.08% Added +257.1k +257,114
51 Koss-Olinger Consulting, LLC 3.74% of their portfolio GAINESVILLE, FL 1,207,4511.2m $45.3m $45.3m 3.74% Reduced -5.1k -5,059
52 State of New Jersey Common Pension Fund D 0.17% of their portfolio TRENTON, NJ 1,200,0001.2m $45.3m $45.3m 0.17% Added +800.0k +800,000
53 BARINGS LLC 0.85% of their portfolio CHARLOTTE, NC 1,183,0001.2m $44.7m $44.7m 0.85% Added +737.5k +737,500
54 Roberts Financial Services LLC 13.58% of their portfolio MARQUETTE, MI 1,113,3121.1m $42.1m $42.1m 13.58% Added +51.4k +51,372
55 Prime Capital Investment Advisors, LLC 0.48% of their portfolio OVERLAND PARK, KS 1,002,3311.0m $37.9m $37.9m 0.48% Added +12.0k +11,993
56 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 992,649992.6k $37.5m $37.5m 0.01% Reduced -1.9m -1,916,219
57 US BANCORP \DE\ 0.04% of their portfolio MINNEAPOLIS, MN 991,589991.6k $37.5m $37.5m 0.04% Added +1.4k +1,420
58 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 949,084949.1k $35.9m $35.9m 0.04% Added +73.3k +73,281
59 Ninety One UK Ltd 0.04% of their portfolio London, X0 928,342928.3k $35.1m $35.1m 0.04% Added +777.5k +777,531
60 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 919,530919.5k $34.7m $34.7m 0.03% Added +129.8k +129,839
61 AXXCESS WEALTH MANAGEMENT, LLC 0.73% of their portfolio CARLSBAD, CA 913,369913.4k $34.5m $34.5m 0.73% Added +41.1k +41,124
62 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 908,814908.8k $34.3m $34.3m 0.06% Added +73.3k +73,262
63 MACKENZIE FINANCIAL CORP 0.04% of their portfolio TORONTO ONTARIO, A6 908,564908.6k $34.3m $34.3m 0.04% Added +68.1k +68,080
64 Capital Asset Advisory Services LLC 1.48% of their portfolio Williamston, MI 907,040907.0k $34.3m $34.3m 1.48% Added +27.3k +27,307
65 Logan Stone Capital, LLC 15.09% of their portfolio CHICAGO, IL 879,417879.4k $33.2m $33.2m 15.09% Added +573.7k +573,684
66 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 865,186865.2k $32.7m $32.7m 0.09% Added +90.3k +90,319
67 Focus Partners Advisor Solutions, LLC 0.36% of their portfolio SAINT LOUIS, MO 848,610848.6k $31.8m $31.8m 0.36% Added +447.4k +447,402
68 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 809,800809.8k $30.6m $30.6m 0.01% Added +785.0k +785,000
69 Prestige Wealth Management Group LLC 5.43% of their portfolio FLEMINGTON, NJ 744,649744.6k $28.1m $28.1m 5.43% Added +18.7k +18,704
70 BTS Asset Management, Inc. 35.86% of their portfolio Lincoln, MA 740,413740.4k $28.0m $28.0m 35.86% Reduced -65.0k -65,014
71 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 717,577717.6k $27.4m $27.4m 0.01% Added +103.6k +103,576
72 &PARTNERS 0.17% of their portfolio NASHVILLE, TN 699,345699.3k $25.8m $25.8m 0.17% Added +80.5k +80,480
73 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 669,836669.8k $25.3m $25.3m 0.03% Added +182.2k +182,198
74 Santa Clara Valley Transportation Authority 20.92% of their portfolio SAN JOSE, CA 660,479660.5k $25.0m $25.0m 20.92% Added +46.3k +46,254
75 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 659,474659.5k $24.9m $24.9m 0.02% Reduced -442.0k -442,041
76 SUMITOMO LIFE INSURANCE CO 0.76% of their portfolio TOKYO, M0 651,200651.2k $24.6m $24.6m 0.76% Added +431.3k +431,300
77 Clearstead Advisors, LLC 0.33% of their portfolio CLEVELAND, OH 602,424602.4k $22.8m $22.8m 0.33% Reduced -8.2k -8,229
78 First Command Advisory Services, Inc. 0.16% of their portfolio FORT WORTH, TX 582,514582.5k $22.0m $22.0m 0.16% Added +84.0k +84,002
79 Baker Avenue Asset Management, LP 0.52% of their portfolio SAN FRANCISCO, CA 578,438578.4k $21.9m $21.9m 0.52% Added +14.4k +14,363
80 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 577,818577.8k $21.8m $21.8m 0.03% Added +38.5k +38,474
81 OneDigital Investment Advisors LLC 0.22% of their portfolio OVERLAND PARK, KS 556,094556.1k $21.0m $21.0m 0.22% Reduced -35.4k -35,367
82 PHILLIPS FINANCIAL MANAGEMENT, LLC 1.37% of their portfolio FORT WAYNE, IN 550,954551.0k $20.8m $20.8m 1.37% Added +27.7k +27,705
83 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 0.30% of their portfolio MILWAUKEE, WI 550,000550.0k $20.8m $20.8m 0.30% Unchanged
84 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.76% of their portfolio BOSTON, MA 504,949504.9k $19.1m $19.1m 0.76% Added +6.0k +5,988
85 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 498,302498.3k $18.8m $18.8m 0.01% Added +111.6k +111,649
86 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 485,358485.4k $18.3m $18.3m 0.01% Reduced -73.7k -73,728
87 DSC Meridian Capital LP 7.80% of their portfolio NEW YORK, NY 465,711465.7k $17.6m $17.6m 7.80% Reduced -547.5k -547,488
88 New York Life Investment Management LLC 0.15% of their portfolio New York, NY 459,392459.4k $17.4m $17.4m 0.15% Added +148.5k +148,539
89 Financiere des Professionnels - Fonds d'investissement inc. 0.99% of their portfolio MONTREAL, A8 453,600453.6k $17.1m $17.1m 0.99% Added +196.5k +196,500
90 Allegiance Financial Group Advisory Services LLC 3.87% of their portfolio VIENNA, VA 445,350445.4k $16.8m $16.8m 3.87% Added +45.0k +45,045
91 Pathstone Holdings, LLC 0.06% of their portfolio ENGLEWOOD, NJ 441,842441.8k $16.7m $16.7m 0.06% Added +185.5k +185,484
92 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 439,242439.2k $16.6m $16.6m 0.01% Added +37.3k +37,318
93 Equitable Holdings, Inc. 0.12% of their portfolio NEW YORK, NY 432,297432.3k $16.3m $16.3m 0.12% Added +53.2k +53,232
94 Wedmont Private Capital 0.59% of their portfolio WEST CHESTER, PA 422,652422.7k $15.9m $15.9m 0.59% Added +16.2k +16,191
95 NOMURA ASSET MANAGEMENT CO LTD 0.04% of their portfolio TOKYO, M0 393,000393.0k $14.8m $14.8m 0.04% Added +116.6k +116,600
96 Northeast Financial Group, Inc. 3.67% of their portfolio Allentown, PA 390,232390.2k $14.7m $14.7m 3.67% Added +66.2k +66,216
97 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 386,100386.1k $14.6m $14.6m 0.02% Added +74.7k +74,690
98 ALPS ADVISORS INC 0.08% of their portfolio Denver, CO 373,668373.7k $14.1m $14.1m 0.08% Reduced -320 -320
99 PRINCIPAL SECURITIES, INC. 0.23% of their portfolio DES MOINES, IA 371,463371.5k $14.0m $14.0m 0.23% Reduced -19.1k -19,079
100 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 370,481370.5k $13.8m $13.8m 0.04% Added +135.9k +135,856