Vault-13

ISHARES TR ICOP

COPPER & METALS · ETP · CUSIP 46436E189

97 institutional holders +4 vs Q1 2026
2,672,6222.7m shares reported held*
$131.5mreported value*
20 new 30 added 21 reduced 14 sold out net bought ≈ $6.1m (+122.9k 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. Holder counts are more reliable. Implied quarter-end price ≈ $49.22. Options: 2 managers hold calls ($3.3m notional), 2 hold puts ($964.9k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100Q2 23: 2Q3 23: 4Q4 23: 5Q1 24: 5Q2 24: 17Q3 24: 16Q4 24: 15Q1 25: 14Q2 25: 22Q3 25: 25Q4 25: 49Q1 26: 93Q2 26: 9797Q2 23Q1 24Q4 24Q3 25Q2 26
Numbers
QuarterHolders
Q2 20232
Q3 20234
Q4 20235
Q1 20245
Q2 202417
Q3 202416
Q4 202415
Q1 202514
Q2 202522
Q3 202525
Q4 202549
Q1 202693
Q2 202697

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 24: 7 bought or addedQ3 24: 10 cut or sold outQ4 24: 9 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 7 bought or addedQ1 25: 7 cut or sold outQ2 25: 15 bought or addedQ2 25: 3 cut or sold outQ2 25Q3 25: 13 bought or addedQ3 25: 7 cut or sold outQ4 25: 34 bought or addedQ4 25: 7 cut or sold outQ4 25Q1 26: 77 bought or addedQ1 26: 18 cut or sold outQ2 26: 50 bought or addedQ2 26: 35 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024710
Q4 202499
Q1 202577
Q2 2025153
Q3 2025137
Q4 2025347
Q1 20267718
Q2 20265035

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $602.6kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $2.3mQ1 26 puts: $942.0kQ1 26P/C 0.40Q2 26 calls: $3.3mQ2 26 puts: $964.9kQ2 26P/C 0.29
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$602.6k$00.00
Q1 2026$2.3m$942.0k0.40
Q2 2026$3.3m$964.9k0.29

Biggest buyers

Spider Management Company, LLC Added +160,637+160.6k
CITADEL ADVISORS LLC New +90,076+90.1k
BANK OF AMERICA CORP /DE/ New +50,865+50.9k
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors Added +42,635+42.6k
OSAIC HOLDINGS, INC. Added +29,330+29.3k
MML INVESTORS SERVICES, LLC Added +24,528+24.5k
AMERIPRISE FINANCIAL INC New +22,113+22.1k
Arax Advisory Partners New +18,468+18.5k
Allie Family Office LLC Added +17,000+17.0k
GTS SECURITIES LLC New +16,441+16.4k

Biggest sellers

JANE STREET GROUP, LLC Reduced -160,771-160.8k
Fortis Group Advisors, LLC Sold out -65,304-65.3k
LPL Financial LLC Reduced -45,895-45.9k
Kera Capital Partners, Inc. Sold out -37,840-37.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -23,642-23.6k
Quantinno Capital Management LP Sold out -19,103-19.1k
Independent Advisor Alliance Sold out -15,479-15.5k
SeaCrest Wealth Management, LLC Sold out -13,715-13.7k
Belvedere Trading LLC Reduced -12,350-12.3k
TD Waterhouse Canada Inc. Reduced -10,678-10.7k

Biggest calls

CITADEL ADVISORS LLC Added $2.8m57.8k shares
Belvedere Trading LLC Added $487.4k9.9k shares

Biggest puts

CITADEL ADVISORS LLC Added $669.5k13.6k shares
Belvedere Trading LLC Reduced $295.4k6.0k shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Spider Management Company, LLC 6.77% of their portfolio RICHMOND, VA 547,788547.8k $27.0m $27.0m 6.77% Added +160.6k +160,637
2 Municipal Employees' Retirement System of Michigan 0.27% of their portfolio LANSING, MI 501,672501.7k $24.7m $24.7m 0.27% Unchanged
3 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 359,135359.1k $17.7m $17.7m 0.00% Reduced -45.9k -45,895
4 W.G. Shaheen & Associates DBA Whitney & Co 0.62% of their portfolio ROCHESTER, NY 173,598173.6k $8.5m $8.5m 0.62% Added +6.6k +6,595
5 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 109,871109.9k $5.4m $5.4m 0.00% Reduced -160.8k -160,771
6 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 90,07690.1k $4.4m $4.4m 0.00% New
7 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.16% of their portfolio Westlake, OH 67,25167.3k $3.3m $3.3m 0.16% Added +42.6k +42,635
8 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 51,97652.0k $2.6m $2.6m 0.01% Reduced -811 -811
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 50,86550.9k $2.5m $2.5m 0.00% New
10 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 45,01145.0k $2.2m $2.2m 0.00% Added +29.3k +29,330
11 OLD MISSION CAPITAL LLC 0.05% of their portfolio CHICAGO, IL 40,44540.4k $2.0m $2.0m 0.05% Reduced -4.6k -4,635
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 39,96140.0k $2.0m $2.0m 0.00% Reduced -5.8k -5,821
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 34,84534.8k $1.7m $1.7m 0.00% Reduced -23.6k -23,642
14 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 32,73232.7k $1.6m $1.6m 0.00% Added +8.0k +7,991
15 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 30,90530.9k $1.5m $1.5m 0.00% Added +24.5k +24,528
16 TITLEIST ASSET MANAGEMENT, LLC 0.08% of their portfolio SAN ANTONIO, TX 23,47723.5k $1.2m $1.2m 0.08% Added +1.1k +1,080
17 Allie Family Office LLC 0.41% of their portfolio MIAMI, FL 22,46522.5k $1.1m $1.1m 0.41% Added +17.0k +17,000
18 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 22,11322.1k $1.1m $1.1m 0.00% New
19 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 21,92121.9k $1.1m $1.1m 0.00% Reduced -173 -173
20 Western Wealth Management, LLC 0.03% of their portfolio GOLDEN, CO 19,64519.6k $967.1k $967.1k 0.03% Added +3.5k +3,540
21 Arax Advisory Partners 0.01% of their portfolio NEW YORK, NY 18,46818.5k $909.2k $909.2k 0.01% New
22 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 16,44116.4k $809.4k $809.4k 0.02% New
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 16,43516.4k $809.1k $809.1k 0.00% Added +2.3k +2,289
24 Moors & Cabot, Inc. 0.03% of their portfolio BOSTON, MA 15,61315.6k $768.6k $768.6k 0.03% Added +2.1k +2,149
25 Belvedere Trading LLC 0.06% of their portfolio CHICAGO, IL 15,58715.6k $767.3k $767.3k 0.06% Reduced -12.3k -12,350
26 Pinnacle Financial Partners, Inc. 0.01% of their portfolio ATLANTA, GA 15,58315.6k $767.2k $767.2k 0.01% Added +2.6k +2,624
27 OneAscent Financial Services LLC 0.04% of their portfolio BIRMINGHAM, AL 15,42115.4k $759.2k $759.2k 0.04% New
28 Ancora Advisors LLC 0.01% of their portfolio Cleveland, OH 15,00815.0k $738.8k $738.8k 0.01% Reduced -1.0k -1,049
29 Mariner, LLC 0.00% of their portfolio Overland Park, KS 14,70614.7k $724.0k $724.0k 0.00% Added +485 +485
30 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 12,57812.6k $619.0k $619.0k 0.01% Unchanged
31 Sigma Planning Corp 0.02% of their portfolio ANN ARBOR, MI 12,53012.5k $616.8k $616.8k 0.02% Added +249 +249
32 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 12,00012.0k $590.8k $590.8k 0.00% Reduced -604 -604
33 Clare Market Investments LLC 0.10% of their portfolio DALLAS, TX 11,00111.0k $541.6k $541.6k 0.10% Added +51 +51
34 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 10,34110.3k $504.1k $504.1k 0.00% New
35 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 10,28710.3k $506.4k $506.4k 0.02% Added +2.3k +2,311
36 WHITTIER TRUST CO OF NEVADA INC 0.01% of their portfolio RENO, NV 10,00010.0k $476.9k $476.9k 0.01% Unchanged
37 Evanson Financial, LLC 0.02% of their portfolio MCLEAN, VA 10,00010.0k $492.3k $492.3k 0.02% First filing
38 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,5958.6k $423.0k $423.0k 0.00% Reduced -1.0k -1,047
39 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 8,4768.5k $410.9k $410.9k 0.00% Reduced -10.7k -10,678
40 NIXON PEABODY TRUST CO 0.03% of their portfolio BOSTON, MA 8,0418.0k $395.9k $395.9k 0.03% New
41 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 7,2257.2k $355.7k $355.7k 0.00% Reduced -451 -451
42 BENJAMIN EDWARDS INC 0.00% of their portfolio Clayton, MO 6,1826.2k $304.3k $304.3k 0.00% Reduced -102 -102
43 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 6,0456.0k $297.6k $297.6k 0.00% Reduced -685 -685
44 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 5,8755.9k $289.0k $289.0k 0.00% New
45 Bluesphere Advisors LLC 0.08% of their portfolio EAST NORRITON, PA 5,5915.6k $275.2k $275.2k 0.08% Reduced -1.9k -1,928
46 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 5,4275.4k $267.1k $267.1k 0.00% Added +373 +373
47 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,4215.4k $266.9k $266.9k 0.00% New
48 Rehmann Capital Advisory Group 0.01% of their portfolio LANSING, MI 5,3385.3k $262.8k $262.8k 0.01% Added +572 +572
49 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 5,2015.2k $256.0k $256.0k 0.00% Reduced -19 -19
50 Financial Engines Advisors L.L.C. 0.00% of their portfolio SANTA CLARA, CA 5,0005.0k $246.2k $246.2k 0.00% Unchanged
51 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 4,8924.9k $240.8k $240.8k 0.00% Reduced -792 -792
52 Southeast Asset Advisors, LLC 0.02% of their portfolio THOMASVILLE, GA 4,8704.9k $239.8k $239.8k 0.02% Unchanged
53 TOWLE & CO 0.08% of their portfolio DENVER, CO 4,6944.7k $231.1k $231.1k 0.08% New
54 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 4,6634.7k $229.5k $229.5k 0.00% New
55 FMR LLC 0.00% of their portfolio BOSTON, MA 4,6104.6k $226.9k $226.9k 0.00% New
56 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 4,4984.5k $221.4k $221.4k 0.00% Unchanged
57 Belpointe Asset Management LLC 0.01% of their portfolio RENO, NV 4,4724.5k $220.2k $220.2k 0.01% Added +78 +78
58 Sequoia Financial Advisors, LLC 0.00% of their portfolio Akron, OH 4,4404.4k $218.6k $218.6k 0.00% Added +93 +93
59 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 4,0694.1k $200.3k $200.3k 0.02% New
60 IFG Advisory, LLC 0.01% of their portfolio ATLANTA, GA 2,9533.0k $145.4k $145.4k 0.01% New
61 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 2,8382.8k $139.7k $139.7k 0.00% Reduced -4.7k -4,736
62 Center for Financial Planning, Inc. 0.01% of their portfolio SOUTHFIED, MI 2,6452.6k $130.2k $130.2k 0.01% Unchanged
63 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,6232.6k $129.2k $129.2k 0.00% Added +1.5k +1,487
64 Bradley & Co. Private Wealth Management, LLC 0.06% of their portfolio MIAMI, FL 2,4982.5k $123.0k $123.0k 0.06% Unchanged
65 CENTAURUS FINANCIAL, INC. 0.00% of their portfolio ANAHEIM, CA 2,0702.1k $102.0k $102.0k 0.00% New
66 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 1,9141.9k $94.2k $94.2k 0.00% Reduced -1.0k -1,014
67 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,2141.2k $59.8k $59.8k 0.00% Added +4 +4
68 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0721.1k $52.8k $52.8k 0.00% Added +1.1k +1,062
69 Crewe Advisors LLC 0.00% of their portfolio SALT LAKE CITY, UT 1,0101.0k $49.7k $49.7k 0.00% Unchanged
70 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 998998 $49.1k $49.1k 0.00% Unchanged
71 UBS Group AG 0.00% of their portfolio ZURICH, V8 912912 $44.9k $44.9k 0.00% New
72 TRUST CO OF TOLEDO NA /OH/ 0.00% of their portfolio HOLLAND, OH 891891 $43.9k $43.9k 0.00% Unchanged
73 Markowski Investments 0.01% of their portfolio TAMPA, FL 758758 $37.3k $37.3k 0.01% First filing
74 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 700700 $34.5k $34.5k 0.00% Added +200 +200
75 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 600600 $29.5k $29.5k 0.00% Unchanged
76 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 535535 $26.3k $26.3k 0.00% Reduced -3.3k -3,325
77 EVOLUTION WEALTH MANAGEMENT INC. 0.01% of their portfolio FORT MYERS, FL 516516 $25.4k $25.4k 0.01% Unchanged
78 Vermillion Wealth Management, Inc. 0.01% of their portfolio ROSEMOUNT, MN 483483 $23.8k $23.8k 0.01% Added +3 +3
79 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 456456 $22.0k $22.0k 0.00% Unchanged
80 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 423423 $20.8k $20.8k 0.00% Added +200 +200
81 Acumen Wealth Advisors, LLC 0.00% of their portfolio CHATTANOOGA, TN 405405 $19.9k $19.9k 0.00% New
82 Capital Investment Advisory Services, LLC 0.00% of their portfolio RALEIGH, NC 400400 $19.7k $19.7k 0.00% Unchanged
83 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 400400 $19.7k $19.7k 0.00% Unchanged
84 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 387387 $19.1k $19.1k 0.00% Added +41 +41
85 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 303303 $14.9k $14.9k 0.00% Added +2 +2
86 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 280280 $13.8k $13.8k 0.00% Unchanged
87 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 231231 $11.4k $11.4k 0.00% New
88 TSFG, LLC 0.00% of their portfolio LAKE FOREST, IL 229229 $11.0k $11.0k 0.00% Added +1 +1
89 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 181181 $8.9k $8.9k 0.00% Unchanged
90 Pinnacle Bancorp, Inc. 0.00% of their portfolio BEATRICE, NE 110110 $5.4k $5.4k 0.00% New
91 PINNEY & SCOFIELD, INC. 0.00% of their portfolio CAMBRIDGE, MA 5858 $2.9k $2.9k 0.00% Unchanged
92 JDM Financial Group LLC 0.00% of their portfolio AUSTIN, TX 4646 $2.3k $2.3k 0.00% Unchanged
93 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 4242 $2.1k $2.1k 0.00% Unchanged
94 Prestige Wealth Management Group LLC 0.00% of their portfolio FLEMINGTON, NJ 2020 $985 $985 0.00% Unchanged
95 Aspect Partners, LLC 0.00% of their portfolio FAIRFAX, VA 2020 $985 $985 0.00% Added +10 +10
96 Tradewinds Capital Management, LLC 0.00% of their portfolio BELLINGHAM, WA 1515 $739 $739 0.00% Unchanged
97 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 1010 $492 $492 0.00% Unchanged