Vault-13

ISHARES TR GARP

MSCI USA QUALITY · ETP · CUSIP 46436E403

62 institutional holders +16 vs Q4 2024
3,568,3543.6m shares reported held*
$182.0mreported value*
23 new 30 added 5 reduced 5 sold out net bought ≈ $53.3m (+1.0m 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 ≈ $51.02. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 5Q4 22: 5Q1 23: 5Q2 23: 5Q3 23: 7Q4 23: 11Q1 24: 14Q2 24: 22Q3 24: 32Q4 24: 46Q1 25: 6262Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20225
Q4 20225
Q1 20235
Q2 20235
Q3 20237
Q4 202311
Q1 202414
Q2 202422
Q3 202432
Q4 202446
Q1 202562

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 1 bought or addedQ2 23: 2 cut or sold outQ3 23: 4 bought or addedQ3 23: 1 cut or sold outQ3 23Q4 23: 9 bought or addedQ4 23: 3 cut or sold outQ1 24: 9 bought or addedQ1 24: 3 cut or sold outQ1 24Q2 24: 16 bought or addedQ2 24: 4 cut or sold outQ3 24: 23 bought or addedQ3 24: 8 cut or sold outQ3 24Q4 24: 36 bought or addedQ4 24: 5 cut or sold outQ1 25: 53 bought or addedQ1 25: 10 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202312
Q3 202341
Q4 202393
Q1 202493
Q2 2024164
Q3 2024238
Q4 2024365
Q1 20255310

Biggest buyers

LPL Financial LLC Added +175,784+175.8k
BANK OF AMERICA CORP /DE/ New +160,922+160.9k
Cambridge Investment Research Advisors, Inc. Added +151,190+151.2k
Olde Wealth Management, LLC New +102,656+102.7k
Cetera Investment Advisers Added +99,729+99.7k
COMMONWEALTH EQUITY SERVICES, LLC Added +69,993+70.0k
KESTRA PRIVATE WEALTH SERVICES, LLC New +53,785+53.8k
LANDAAS & CO /WI /ADV Added +48,373+48.4k
RAYMOND JAMES FINANCIAL INC Added +45,308+45.3k
ARQ WEALTH ADVISORS, LLC Added +38,114+38.1k

Biggest sellers

Synergy Asset Management, LLC Sold out -103,194-103.2k
CITADEL ADVISORS LLC Sold out -40,451-40.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -21,292-21.3k
Kingsview Wealth Management, LLC Reduced -13,014-13.0k
ENVESTNET ASSET MANAGEMENT INC Reduced -10,318-10.3k
WIN ADVISORS, INC Sold out -7,649-7.6k
FMR LLC Sold out -210-210
CIBC WORLD MARKET INC. Reduced -54-54
UBS Group AG Sold out -50-50
ROYAL BANK OF CANADA Reduced -28-28

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LANDAAS & CO /WI /ADV 5.77% of their portfolio MILWAUKEE, WI 409,098409.1k $20.9m $20.9m 5.77% Added +48.4k +48,373
2 INDEPENDENT FINANCIAL GROUP, LLC 0.65% of their portfolio SAN DIEGO, CA 369,546369.5k $18.9m $18.9m 0.65% Added +12.5k +12,535
3 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 348,026348.0k $17.8m $17.8m 0.06% Added +151.2k +151,190
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 314,271314.3k $16.0m $16.0m 0.01% Added +175.8k +175,784
5 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 265,265265.3k $13.5m $13.5m 0.03% Added +99.7k +99,729
6 ARQ WEALTH ADVISORS, LLC 3.96% of their portfolio SCOTTSDALE, AZ 209,457209.5k $10.7m $10.7m 3.96% Added +38.1k +38,114
7 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 195,222195.2k $10.0m $10.0m 0.01% Added +70.0k +69,993
8 VALLEY NATIONAL ADVISERS INC 1.64% of their portfolio BETHLEHEM, PA 178,450178.4k $9.1m $9.1m 1.64% Added +15.1k +15,095
9 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 167,904167.9k $8.6m $8.6m 0.01% Added +17.4k +17,446
10 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 160,922160.9k $8.2m $8.2m 0.00% New
11 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 134,792134.8k $6.9m $6.9m 0.02% Added +10.0k +10,012
12 Olde Wealth Management, LLC 1.85% of their portfolio SAMMAMISH, WA 102,656102.7k $5.2m $5.2m 1.85% New
13 WJ Wealth Management, LLC 1.73% of their portfolio GLENDALE, AZ 95,76095.8k $4.9m $4.9m 1.73% Added +4.6k +4,644
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 61,20261.2k $3.1m $3.1m 0.00% Added +45.3k +45,308
15 KESTRA PRIVATE WEALTH SERVICES, LLC 0.05% of their portfolio AUSTIN, TX 53,78553.8k $2.7m $2.7m 0.05% New
16 D'Orazio & Associates, Inc. 0.39% of their portfolio VIENNA, VA 49,71049.7k $2.5m $2.5m 0.39% Added +18.8k +18,839
17 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 45,42345.4k $2.3m $2.3m 0.00% Reduced -10.3k -10,318
18 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 35,77135.8k $1.8m $1.8m 0.01% New
19 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 33,77433.8k $1.7m $1.7m 0.01% Added +1.9k +1,929
20 HARBOUR INVESTMENTS, INC. 0.04% of their portfolio MADISON, WI 30,30930.3k $1.5m $1.5m 0.04% New
21 EWG Elevate Inc. 0.51% of their portfolio ROSEVILLE, CA 26,45426.5k $1.3m $1.3m 0.51% New
22 LongView Wealth Management 0.29% of their portfolio ATLANTA, GA 18,95119.0k $966.8k $966.8k 0.29% Added +14.3k +14,251
23 Foundations Investment Advisors, LLC 0.02% of their portfolio PHOENIX, AZ 17,43517.4k $889.5k $889.5k 0.02% Added +901 +901
24 Disciplined Investments, LLC 0.39% of their portfolio TULSA, OK 16,76616.8k $855.4k $855.4k 0.39% Added +2.2k +2,200
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 15,73615.7k $802.8k $802.8k 0.00% New
26 KANE INVESTMENT MANAGEMENT, INC. 0.39% of their portfolio LOS GATOS, CA 15,67615.7k $799.8k $799.8k 0.39% Added +1.2k +1,207
27 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 15,27815.3k $779.4k $779.4k 0.00% Added +1.1k +1,140
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 14,49914.5k $739.7k $739.7k 0.00% Added +8.7k +8,721
29 Dynamic Advisor Solutions LLC 0.02% of their portfolio PHOENIX, AZ 14,01814.0k $715.1k $715.1k 0.02% Added +5.3k +5,319
30 FLAGSTAR SECURITIES, INC 0.18% of their portfolio New York, NY 13,98714.0k $713.5k $713.5k 0.18% Added +3.5k +3,466
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 11,62411.6k $593.0k $593.0k 0.00% Reduced -21.3k -21,292
32 Tower Research Capital LLC (TRC) 0.02% of their portfolio NEW YORK, NY 11,38011.4k $580.6k $580.6k 0.02% New
33 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 10,75110.8k $548.5k $548.5k 0.01% New
34 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 10,35010.3k $528.0k $528.0k 0.00% Reduced -54 -54
35 KEYVANTAGE WEALTH, LLC 0.24% of their portfolio BETHLEHEM, PA 9,6209.6k $490.8k $490.8k 0.24% Added +9 +9
36 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 9,1119.1k $464.9k $464.9k 0.01% Added +509 +509
37 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 9,0699.1k $462.7k $462.7k 0.01% Reduced -13.0k -13,014
38 Golden State Wealth Management, LLC 0.07% of their portfolio SANTA ANA, CA 8,6588.7k $441.7k $441.7k 0.07% Added +5.9k +5,948
39 Larson Financial Group LLC 0.02% of their portfolio ST LOUIS, MO 7,8507.8k $400.5k $400.5k 0.02% New
40 FLAGSHIP WEALTH ADVISORS, LLC 0.16% of their portfolio WAKEFIELD, MA 7,5007.5k $382.6k $382.6k 0.16% New
41 GWN SECURITIES INC. 0.02% of their portfolio Palm Beach Gardens, FL 6,4456.4k $328.9k $328.9k 0.02% New
42 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 6,1006.1k $311.2k $311.2k 0.00% Added +100 +100
43 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.02% of their portfolio CEDAR RAPIDS, IA 5,2195.2k $266.3k $266.3k 0.02% Added +222 +222
44 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 5,1345.1k $261.9k $261.9k 0.00% New
45 CW Advisors, LLC 0.00% of their portfolio BOSTON, MA 5,0405.0k $257.1k $257.1k 0.00% New
46 Nova Wealth Management, Inc. 0.10% of their portfolio BONITA SPRINGS, FL 4,4054.4k $224.7k $224.7k 0.10% New
47 LaSalle St. Investment Advisors, LLC 0.05% of their portfolio ELMHURST, IL 4,0284.0k $205.0k $205.0k 0.05% Added +85 +85
48 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 1,7821.8k $90.9k $90.9k 0.00% Added +569 +569
49 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 900900 $45.9k $45.9k 0.00% New
50 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 700700 $35.7k $35.7k 0.00% New
51 ATTICUS WEALTH MANAGEMENT, LLC 0.01% of their portfolio Palm Beach Gardens, FL 640640 $32.6k $32.6k 0.01% Added +1 +1
52 CWM, LLC 0.00% of their portfolio OMAHA, NE 622622 $32.0k $32.0k 0.00% New
53 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 359359 $18.3k $18.3k 0.00% New
54 TD Capital Management LLC 0.00% of their portfolio MEMPHIS, TN 339339 $17.3k $17.3k 0.00% New
55 ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio NEEDHAM, MA 183183 $10.3k $10.3k 0.00% Unchanged
56 Glass Jacobson Investment Advisors llc 0.00% of their portfolio OWINGS MILLS, MD 159159 $8.9k $8.9k 0.00% Unchanged
57 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 149149 $7.7k $7.7k 0.00% New
58 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 5050 $2.6k $2.6k 0.00% Unchanged
59 Concord Wealth Partners 0.00% of their portfolio ABINGDON, VA 1717 $876 $876 0.00% New
60 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1515 $1.0k $1.0k 0.00% Reduced -28 -28
61 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 1212 $621 $621 0.00% New
62 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged