Vault-13

ISHARES TR USHY

BROAD USD HIGH · ETP · CUSIP 46435U853

666 institutional holders +66 vs Q3 2025
601,361,585601.4m shares reported held*
$22.5bnreported value*
95 new 289 added 157 reduced 58 sold out net bought ≈ $1.5bn (+39.2m 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 ($95.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $37.40.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 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: 600Q4 25: 666666Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025666

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 346 bought or addedQ3 25: 218 cut or sold outQ4 25: 384 bought or addedQ4 25: 215 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024250198
Q2 2024274191
Q3 2024300189
Q4 2024320191
Q1 2025291249
Q2 2025302251
Q3 2025346218
Q4 2025384215

Calls vs puts

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

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

Biggest buyers

JONES FINANCIAL COMPANIES LLLP Added +26,243,810+26.2m
NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC Added +6,920,000+6.9m
Polianta Ltd New +4,877,000+4.9m
GOLDMAN SACHS GROUP INC Added +2,741,359+2.7m
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Added +2,561,000+2.6m
Caisse de depot et placement du Quebec Added +2,500,000+2.5m
NORTHERN TRUST CORP Added +2,157,220+2.2m
South Dakota Investment Council New +1,926,000+1.9m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +1,827,620+1.8m
WELLS FARGO & COMPANY/MN Added +1,760,513+1.8m

Biggest sellers

BlackRock, Inc. Reduced -18,626,528-18.6m
JPMORGAN CHASE & CO Reduced -3,359,991-3.4m
Ilmarinen Mutual Pension Insurance Co Reduced -3,350,000-3.4m
CITADEL ADVISORS LLC Sold out -2,295,906-2.3m
CITIGROUP INC Reduced -1,926,383-1.9m
PRUDENTIAL PLC Reduced -1,561,953-1.6m
Angel Oak Capital Advisors, LLC Reduced -1,493,908-1.5m
Logan Stone Capital, LLC Sold out -879,417-879.4k
Focus Partners Advisor Solutions, LLC Sold out -848,610-848.6k
TOEWS CORP /ADV Reduced -581,000-581.0k

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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JONES FINANCIAL COMPANIES LLLP 2.01% of their portfolio DES PERES, MO 88,011,09888.0m $3.3bn $3.3bn 2.01% Added +26.2m +26,243,810
2 PRUDENTIAL PLC 18.92% of their portfolio LONDON, X0 63,220,87463.2m $2.4bn $2.4bn 18.92% Reduced -1.6m -1,561,953
3 WELLS FARGO & COMPANY/MN 0.32% of their portfolio SAN FRANCISCO, CA 43,546,89643.5m $1.6bn $1.6bn 0.32% Added +1.8m +1,760,513
4 NORTHERN TRUST CORP 0.17% of their portfolio CHICAGO, IL 36,543,16236.5m $1.4bn $1.4bn 0.17% Added +2.2m +2,157,220
5 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 32,515,82532.5m $1.2bn $1.2bn 0.09% Added +1.0m +1,048,369
6 BlackRock, Inc. 0.01% of their portfolio New York, NY 20,931,64220.9m $782.7m $782.7m 0.01% Reduced -18.6m -18,626,528
7 GOLDMAN SACHS GROUP INC 0.11% of their portfolio NEW YORK, NY 19,751,21119.8m $738.6m $738.6m 0.11% Added +2.7m +2,741,359
8 RAYMOND JAMES FINANCIAL INC 0.21% of their portfolio ST. PETERSBURG, FL 18,341,55018.3m $685.9m $685.9m 0.21% Added +1.5m +1,521,304
9 BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 3.35% of their portfolio VICTORIA, A1 16,960,00017.0m $634.2m $634.2m 3.35% Added +2.6m +2,561,000
10 Counterpoint Mutual Funds LLC 41.77% of their portfolio San Diego, CA 15,079,41115.1m $563.9m $563.9m 41.77% Added +669.5k +669,527
11 Japan Science & Technology Agency 9.84% of their portfolio TOKYO, M0 14,319,90614.3m $535.5m $535.5m 9.84% Added +1.5m +1,500,000
12 Ilmarinen Mutual Pension Insurance Co 4.20% of their portfolio HELSINKI, H9 14,080,00014.1m $526.5m $526.5m 4.20% Reduced -3.4m -3,350,000
13 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 13,291,07013.3m $497.0m $497.0m 0.03% Added +584.1k +584,073
14 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 11,904,44911.9m $445.2m $445.2m 0.03% Reduced -3.4m -3,359,991
15 Caisse de depot et placement du Quebec 0.64% of their portfolio Montreal, A8 10,057,16510.1m $376.1m $376.1m 0.64% Added +2.5m +2,500,000
16 TIAA TRUST, NATIONAL ASSOCIATION 0.88% of their portfolio CHARLOTTE, NC 9,768,9129.8m $365.5m $365.5m 0.88% Added +403.9k +403,934
17 Ocean Park Asset Management, LLC 13.46% of their portfolio SANTA MONICA, CA 7,668,2247.7m $286.8m $286.8m 13.46% Reduced -47.1k -47,119
18 NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC 3.26% of their portfolio MILWAUKEE, WI 7,470,0007.5m $279.3m $279.3m 3.26% Added +6.9m +6,920,000
19 Thrivent Financial for Lutherans 0.42% of their portfolio Minneapolis, MN 6,336,0936.3m $236.9m $236.9m 0.42% Reduced -21.4k -21,414
20 FMR LLC 0.01% of their portfolio BOSTON, MA 5,745,8285.7m $214.9m $214.9m 0.01% Added +15.8k +15,806
21 TOEWS CORP /ADV 31.11% of their portfolio NORTHFIELD, NJ 5,719,0005.7m $213.9m $213.9m 31.11% Reduced -581.0k -581,000
22 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 5,462,6925.5m $204.3m $204.3m 0.06% Added +453.5k +453,495
23 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 5,391,1085.4m $201.6m $201.6m 0.06% Added +305.7k +305,746
24 PRINCIPAL FINANCIAL GROUP INC 0.10% of their portfolio DES MOINES, IA 5,344,0965.3m $199.8m $199.8m 0.10% Added +1.2m +1,178,652
25 Polianta Ltd 23.87% of their portfolio ST HELIER, Y9 4,877,0004.9m $182.4m $182.4m 23.87% New
26 GRIMES & Co WEALTH MANAGEMENT, LLC 4.12% of their portfolio WESTBOROUGH, MA 4,610,2334.6m $172.4m $172.4m 4.12% Added +31.0k +30,972
27 NEPC LLC 3.33% of their portfolio Boston, MA 4,179,2894.2m $156.3m $156.3m 3.33% Added +1.6m +1,615,966
28 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 4,053,5394.1m $151.6m $151.6m 0.03% Reduced -79.2k -79,208
29 Kensington Asset Management, LLC 7.40% of their portfolio AUSTIN, TX 3,828,1283.8m $143.3m $143.3m 7.40% Added +687.7k +687,678
30 1832 Asset Management L.P. 0.14% of their portfolio TORONTO, A6 2,930,7832.9m $109.6m $109.6m 0.14% Added +64.8k +64,844
31 SigFig Wealth Management, LLC 3.02% of their portfolio SAN FRANCISCO, CA 2,710,2052.7m $101.3m $101.3m 3.02% Added +169.5k +169,540
32 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,396,1512.4m $89.6m $89.6m 0.02% Added +160.3k +160,258
33 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 2,364,2132.4m $88.4m $88.4m 0.18% Reduced -215.0k -214,958
34 One Capital Management, LLC 2.64% of their portfolio WESTLAKE VILLAGE, CA 2,341,9852.3m $87.6m $87.6m 2.64% Added +234.8k +234,803
35 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,209,3162.2m $82.6m $82.6m 0.02% Added +132.9k +132,903
36 AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio KANSAS CITY, MO 1,992,9102.0m $74.5m $74.5m 0.04% Added +417.6k +417,593
37 South Dakota Investment Council 1.37% of their portfolio SIOUX FALLS, SD 1,926,0001.9m $72.0m $72.0m 1.37% New
38 State of New Jersey Common Pension Fund D 0.26% of their portfolio TRENTON, NJ 1,900,0001.9m $71.1m $71.1m 0.26% Added +700.0k +700,000
39 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 1,827,6201.8m $68.3m $68.3m 0.01% New
40 Betterment LLC 0.13% of their portfolio NEW YORK, NY 1,795,1761.8m $67.1m $67.1m 0.13% Added +284.4k +284,356
41 Cerity Partners LLC 0.10% of their portfolio NEW YORK, NY 1,789,3511.8m $66.9m $66.9m 0.10% Added +90.6k +90,577
42 REBALANCE, LLC 3.67% of their portfolio PALO ALTO, CA 1,680,4541.7m $62.8m $62.8m 3.67% Reduced -105.7k -105,716
43 NEOS Investment Management LLC 0.36% of their portfolio Westport, CT 1,674,3541.7m $62.6m $62.6m 0.36% Added +397.6k +397,586
44 CWM, LLC 0.17% of their portfolio OMAHA, NE 1,643,3931.6m $61.5m $61.5m 0.17% Added +108.1k +108,119
45 Bricktown Capital, LLC 10.17% of their portfolio DETROIT, MI 1,615,1481.6m $60.4m $60.4m 10.17% Added +40.2k +40,236
46 NATIXIS ADVISORS, LLC 0.08% of their portfolio Boston, MA 1,583,5061.6m $59.2m $59.2m 0.08% Added +247.2k +247,204
47 1607 Capital Partners, LLC 3.92% of their portfolio Richmond, VA 1,536,2251.5m $57.4m $57.4m 3.92% Reduced -443.3k -443,275
48 Koss-Olinger Consulting, LLC 4.28% of their portfolio GAINESVILLE, FL 1,478,3471.5m $55.3m $55.3m 4.28% Added +270.9k +270,896
49 Wealthfront Advisers LLC 0.12% of their portfolio Palo Alto, CA 1,404,1331.4m $52.5m $52.5m 0.12% Added +27.6k +27,572
50 MERCER GLOBAL ADVISORS INC /ADV 0.08% of their portfolio DENVER, CO 1,371,1801.4m $51.4m $51.4m 0.08% Added +132.7k +132,667
51 FACTORY MUTUAL INSURANCE CO 0.51% of their portfolio WALTHAM, MA 1,355,0001.4m $50.7m $50.7m 0.51% Unchanged
52 SHENKMAN CAPITAL MANAGEMENT INC 5.08% of their portfolio NEW YORK, NY 1,280,2251.3m $48.1m $48.1m 5.08% Added +959.3k +959,325
53 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 1,244,3891.2m $46.5m $46.5m 0.06% Added +1.0m +1,017,694
54 MACKENZIE FINANCIAL CORP 0.05% of their portfolio TORONTO ONTARIO, A6 1,233,1901.2m $46.1m $46.1m 0.05% Added +324.6k +324,626
55 BARINGS LLC 0.82% of their portfolio CHARLOTTE, NC 1,191,0001.2m $44.5m $44.5m 0.82% Added +8.0k +8,000
56 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 1,179,3151.2m $44.1m $44.1m 0.05% Added +230.2k +230,231
57 ALLSTATE CORP 0.60% of their portfolio NORTHBROOK, IL 1,172,7831.2m $43.9m $43.9m 0.60% Reduced -130.0k -130,000
58 Roberts Financial Services LLC 13.57% of their portfolio MARQUETTE, MI 1,156,0491.2m $43.2m $43.2m 13.57% Added +42.7k +42,737
59 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 1,145,0551.1m $42.8m $42.8m 0.06% Reduced -144.2k -144,200
60 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 1,076,5961.1m $40.3m $40.3m 0.05% Added +85.0k +85,007
61 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 1,070,5461.1m $40.0m $40.0m 0.06% Added +161.7k +161,732
62 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,054,1961.1m $39.4m $39.4m 0.01% Added +61.5k +61,547
63 Prime Capital Investment Advisors, LLC 0.47% of their portfolio OVERLAND PARK, KS 1,027,4201.0m $38.4m $38.4m 0.47% Added +25.1k +25,089
64 AXXCESS WEALTH MANAGEMENT, LLC 0.68% of their portfolio CARLSBAD, CA 1,020,0611.0m $38.1m $38.1m 0.68% Added +106.7k +106,692
65 Capital Asset Advisory Services LLC 1.54% of their portfolio Williamston, MI 1,018,2851.0m $38.2m $38.2m 1.54% Added +111.2k +111,245
66 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 958,623958.6k $35.8m $35.8m 0.03% Added +39.1k +39,093
67 Ninety One UK Ltd 0.07% of their portfolio London, X0 864,416864.4k $32.3m $32.3m 0.07% Reduced -63.9k -63,926
68 DSC Meridian Capital LP 13.17% of their portfolio NEW YORK, NY 851,675851.7k $31.8m $31.8m 13.17% Added +386.0k +385,964
69 New York Life Investment Management LLC 0.27% of their portfolio New York, NY 833,587833.6k $31.2m $31.2m 0.27% Added +374.2k +374,195
70 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 809,800809.8k $30.3m $30.3m 0.01% Unchanged
71 Prestige Wealth Management Group LLC 5.45% of their portfolio FLEMINGTON, NJ 763,521763.5k $28.6m $28.6m 5.45% Added +18.9k +18,872
72 SUMITOMO LIFE INSURANCE CO 0.77% of their portfolio TOKYO, M0 754,000754.0k $28.2m $28.2m 0.77% Added +102.8k +102,800
73 First Command Advisory Services, Inc. 0.18% of their portfolio FORT WORTH, TX 709,628709.6k $26.5m $26.5m 0.18% Added +127.1k +127,114
74 BTS Asset Management, Inc. 34.97% of their portfolio Lincoln, MA 691,112691.1k $25.9m $25.9m 34.97% Reduced -49.3k -49,301
75 PRUDENTIAL FINANCIAL INC 0.03% of their portfolio NEWARK, NJ 685,069685.1k $25.6m $25.6m 0.03% Added +495.0k +495,000
76 POTOMAC FUND MANAGEMENT INC /ADV 0.93% of their portfolio BETHESDA, MD 676,301676.3k $25.3m $25.3m 0.93% New
77 Liberty Mutual Group Asset Management Inc. 2.39% of their portfolio Boston, MA 671,051671.1k $25.1m $25.1m 2.39% New
78 Elo Mutual Pension Insurance Co 0.38% of their portfolio ESPOO, H9 670,000670.0k $25.1m $25.1m 0.38% New
79 Santa Clara Valley Transportation Authority 20.76% of their portfolio SAN JOSE, CA 660,479660.5k $24.7m $24.7m 20.76% Unchanged
80 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 654,243654.2k $24.5m $24.5m 0.03% Reduced -15.6k -15,593
81 &PARTNERS 0.13% of their portfolio NASHVILLE, TN 648,672648.7k $24.3m $24.3m 0.13% Reduced -50.7k -50,673
82 Baker Avenue Asset Management, LP 0.53% of their portfolio SAN FRANCISCO, CA 613,323613.3k $22.9m $22.9m 0.53% Added +34.9k +34,885
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 613,021613.0k $22.9m $22.9m 0.01% Added +114.7k +114,719
84 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 609,593609.6k $22.8m $22.8m 0.01% Reduced -108.0k -107,984
85 Clearstead Advisors, LLC 0.28% of their portfolio CLEVELAND, OH 585,072585.1k $21.9m $21.9m 0.28% Reduced -17.4k -17,352
86 PHILLIPS FINANCIAL MANAGEMENT, LLC 1.39% of their portfolio FORT WAYNE, IN 575,158575.2k $21.5m $21.5m 1.39% Added +24.2k +24,204
87 Equitable Holdings, Inc. 0.14% of their portfolio NEW YORK, NY 564,497564.5k $21.1m $21.1m 0.14% Added +132.2k +132,200
88 TRUIST FINANCIAL CORP 0.03% of their portfolio CHARLOTTE, NC 563,550563.5k $21.1m $21.1m 0.03% Reduced -14.3k -14,268
89 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 554,247554.2k $20.7m $20.7m 0.01% Reduced -105.2k -105,227
90 OneDigital Investment Advisors LLC 0.20% of their portfolio OVERLAND PARK, KS 534,357534.4k $20.0m $20.0m 0.20% Reduced -21.7k -21,737
91 Allegiance Financial Group Advisory Services LLC 3.71% of their portfolio VIENNA, VA 471,874471.9k $17.6m $17.6m 3.71% Added +26.5k +26,524
92 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 468,640468.6k $17.5m $17.5m 0.01% Added +29.4k +29,398
93 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 467,000467.0k $17.5m $17.5m 0.00% New
94 Wedmont Private Capital 0.58% of their portfolio WEST CHESTER, PA 441,908441.9k $16.6m $16.6m 0.58% Added +19.3k +19,256
95 Aberdeen Group plc 0.03% of their portfolio EDINBURGH, X0 439,860439.9k $16.4m $16.4m 0.03% Added +92.6k +92,622
96 Northeast Financial Group, Inc. 4.03% of their portfolio Allentown, PA 429,427429.4k $16.1m $16.1m 4.03% Added +39.2k +39,195
97 ALPS ADVISORS INC 0.08% of their portfolio Denver, CO 387,923387.9k $14.5m $14.5m 0.08% Added +14.3k +14,255
98 Trajan Wealth LLC 0.60% of their portfolio SCOTTSDALE, AZ 382,233382.2k $14.3m $14.3m 0.60% Added +39.4k +39,352
99 Summit Wealth Group, LLC 3.24% of their portfolio WHITE RIVER JUNCTION, VT 370,580370.6k $13.9m $13.9m 3.24% Added +15.2k +15,210
100 Pathstone Holdings, LLC 0.05% of their portfolio ENGLEWOOD, NJ 369,018369.0k $13.8m $13.8m 0.05% Reduced -72.8k -72,824