Vault-13

ISHARES TR GARP

MSCI USA QUALITY · ETP · CUSIP 46436E403

140 institutional holders +18 vs Q4 2025
14,160,10314.2m shares reported held*
$907.9mreported value*
35 new 73 added 16 reduced 16 sold out net bought ≈ $286.5m (+4.5m 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 ≈ $64.12.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 5Q4 22: 5Q1 23: 5Q2 23: 5Q3 23: 7Q4 23: 11Q1 24: 14Q2 24: 22Q3 24: 32Q4 24: 46Q1 25: 62Q2 25: 76Q3 25: 93Q4 25: 122Q1 26: 140140Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 20225
Q4 20225
Q1 20235
Q2 20235
Q3 20237
Q4 202311
Q1 202414
Q2 202422
Q3 202432
Q4 202446
Q1 202562
Q2 202576
Q3 202593
Q4 2025122
Q1 2026140

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q2 25: 53 bought or addedQ2 25: 21 cut or sold outQ3 25: 63 bought or addedQ3 25: 23 cut or sold outQ3 25Q4 25: 92 bought or addedQ4 25: 27 cut or sold outQ1 26: 108 bought or addedQ1 26: 32 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024164
Q3 2024238
Q4 2024365
Q1 20255310
Q2 20255321
Q3 20256323
Q4 20259227
Q1 202610832

Biggest buyers

LPL Financial LLC Added +862,074+862.1k
Resonant Capital Advisors, LLC New +784,592+784.6k
MORGAN STANLEY Added +532,207+532.2k
RAYMOND JAMES FINANCIAL INC Added +319,316+319.3k
CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC New +224,439+224.4k
Carr Financial Group Corp New +190,058+190.1k
BANK OF AMERICA CORP /DE/ Added +186,930+186.9k
Capital Analysts, LLC Added +172,506+172.5k
OSAIC HOLDINGS, INC. Added +163,054+163.1k
ENVESTNET ASSET MANAGEMENT INC Added +161,375+161.4k

Biggest sellers

B&D White Capital Company, LLC Sold out -203,048-203.0k
GOLDMAN SACHS GROUP INC Reduced -176,322-176.3k
Keystone Global Partners, LLC Sold out -85,805-85.8k
VALLEY NATIONAL ADVISERS INC Reduced -68,256-68.3k
WIN ADVISORS, INC Sold out -48,301-48.3k
Gilbert Capital Group, Inc. Sold out -40,666-40.7k
Corient Private Wealth LP Sold out -12,000-12.0k
Archer Investment Management, LLC Sold out -8,767-8.8k
TWO SIGMA SECURITIES, LLC Sold out -7,875-7.9k
FISCHER INVESTMENT STRATEGIES, LLC Sold out -7,425-7.4k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,178,0402.2m $139.3m $139.3m 0.04% Added +862.1k +862,074
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 798,228798.2k $51.1m $51.1m 0.00% Added +532.2k +532,207
3 Resonant Capital Advisors, LLC 2.64% of their portfolio Madison, WI 784,592784.6k $50.2m $50.2m 2.64% New
4 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 756,958757.0k $48.4m $48.4m 0.01% Added +319.3k +319,316
5 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 612,564612.6k $39.2m $39.2m 0.04% Added +123.8k +123,760
6 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 546,192546.2k $34.9m $34.9m 0.00% Added +186.9k +186,930
7 Cambridge Investment Research Advisors, Inc. 0.09% of their portfolio FAIRFIELD, IA 536,662536.7k $34.3m $34.3m 0.09% Added +7.0k +7,046
8 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 502,133502.1k $32.1m $32.1m 0.01% Added +161.4k +161,375
9 LANDAAS & CO /WI /ADV 6.56% of their portfolio MILWAUKEE, WI 467,813467.8k $29.9m $29.9m 6.56% Added +23.8k +23,843
10 INDEPENDENT FINANCIAL GROUP, LLC 0.54% of their portfolio SAN DIEGO, CA 373,937373.9k $23.9m $23.9m 0.54% Added +3.7k +3,741
11 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 350,588350.6k $22.4m $22.4m 0.03% Added +163.1k +163,054
12 GREAT VALLEY ADVISOR GROUP, INC. 0.40% of their portfolio WILMINGTON, DE 344,709344.7k $22.1m $22.1m 0.40% Added +14.8k +14,804
13 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 341,459341.5k $21.8m $21.8m 0.06% Added +93.4k +93,353
14 Capital Analysts, LLC 0.56% of their portfolio FORT WASHINGTON, PA 331,017331.0k $21.2m $21.2m 0.56% Added +172.5k +172,506
15 PARK NATIONAL CORP /OH/ 0.60% of their portfolio NEWARK, OH 308,082308.1k $19.7m $19.7m 0.60% Added +12.7k +12,715
16 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 297,012297.0k $19.0m $19.0m 0.03% Added +219 +219
17 ARQ WEALTH ADVISORS, LLC 2.90% of their portfolio SCOTTSDALE, AZ 251,100251.1k $16.1m $16.1m 2.90% Added +28.0k +27,983
18 Planned Solutions, Inc. 5.09% of their portfolio FOLSOM, CA 240,831240.8k $15.4m $15.4m 5.09% Added +5.6k +5,573
19 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 236,134236.1k $15.1m $15.1m 0.01% Added +30.3k +30,334
20 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 2.22% of their portfolio BETHLEHEM, PA 224,439224.4k $14.4m $14.4m 2.22% New
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 220,429220.4k $14.1m $14.1m 0.01% Added +52.2k +52,231
22 Equitable Holdings, Inc. 0.09% of their portfolio NEW YORK, NY 199,842199.8k $13.6m $13.6m 0.09% Added +160.4k +160,390
23 Carr Financial Group Corp 3.21% of their portfolio WORCESTER, MA 190,058190.1k $12.2m $12.2m 3.21% New
24 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 169,050169.1k $10.8m $10.8m 0.01% Added +10.6k +10,602
25 VALLEY NATIONAL ADVISERS INC 1.34% of their portfolio BETHLEHEM, PA 161,992162.0k $10.4m $10.4m 1.34% Reduced -68.3k -68,256
26 D'Orazio & Associates, Inc. 1.32% of their portfolio VIENNA, VA 158,950158.9k $10.2m $10.2m 1.32% Added +6.6k +6,583
27 Olde Wealth Management, LLC 3.06% of their portfolio SAMMAMISH, WA 151,137151.1k $9.7m $9.7m 3.06% Added +3.5k +3,478
28 Certified Advisory Corp 0.77% of their portfolio ALTAMONTE SPRINGS, FL 133,439133.4k $8.5m $8.5m 0.77% Added +97.7k +97,694
29 Sigma Planning Corp 0.23% of their portfolio ANN ARBOR, MI 129,075129.1k $8.3m $8.3m 0.23% New
30 CGN Advisors LLC 0.56% of their portfolio MANHATTAN, KS 111,356111.4k $7.1m $7.1m 0.56% Added +24.4k +24,437
31 Lakeshore Capital Group, Inc. 5.68% of their portfolio Rolling Meadows, IL 108,795108.8k $7.0m $7.0m 5.68% Added +3.5k +3,471
32 PRINCIPAL SECURITIES, INC. 0.10% of their portfolio DES MOINES, IA 102,971103.0k $6.6m $6.6m 0.10% Added +3.5k +3,513
33 GW HENSSLER & ASSOCIATES LTD 0.30% of their portfolio KENNESAW, GA 99,53599.5k $6.4m $6.4m 0.30% Added +39.5k +39,497
34 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 80,86180.9k $5.2m $5.2m 0.01% Added +74.5k +74,525
35 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 75,79575.8k $4.8m $4.8m 0.00% Reduced -1.6k -1,635
36 Marshall & Sterling Wealth Advisors Inc. 2.91% of their portfolio POUGHKEEPSIE, NY 69,51769.5k $4.4m $4.4m 2.91% Added +2.0k +2,049
37 Stratos Wealth Advisors, LLC 0.27% of their portfolio BEACHWOOD, OH 69,17769.2k $4.4m $4.4m 0.27% Added +58.8k +58,799
38 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 63,43763.4k $4.1m $4.1m 0.02% Added +27.1k +27,130
39 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 61,15361.2k $3.9m $3.9m 0.03% Added +5.4k +5,435
40 KESTRA PRIVATE WEALTH SERVICES, LLC 0.05% of their portfolio AUSTIN, TX 60,84060.8k $3.9m $3.9m 0.05% Reduced -1.6k -1,552
41 Milestones Private Investment Advisors LLC 3.41% of their portfolio FAIRPORT, NY 60,57160.6k $3.9m $3.9m 3.41% Added +2.5k +2,529
42 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 58,93758.9k $3.8m $3.8m 0.01% Added +8.0k +7,979
43 OPTIMA CAPITAL LLC 1.70% of their portfolio PORTLAND, OR 57,12557.1k $3.7m $3.7m 1.70% Reduced -1.8k -1,810
44 CREATIVE FINANCIAL DESIGNS INC /ADV 0.22% of their portfolio KOKOMO, IN 56,71756.7k $3.6m $3.6m 0.22% New
45 WJ Wealth Management, LLC 1.62% of their portfolio GLENDALE, AZ 54,18654.2k $3.5m $3.5m 1.62% Reduced -2.1k -2,077
46 UPTICK PARTNERS, LLC 0.65% of their portfolio NACOGDOCHES, TX 51,11951.1k $3.3m $3.3m 0.65% Added +25.9k +25,916
47 LEAVELL INVESTMENT MANAGEMENT, INC. 0.12% of their portfolio MOBILE, AL 45,30945.3k $2.9m $2.9m 0.12% Added +24.6k +24,632
48 Keating Financial Advisory Services, Inc. 0.40% of their portfolio MANHATTAN, KS 38,97139.0k $2.5m $2.5m 0.40% Added +24.7k +24,668
49 FLOW TRADERS U.S. LLC 0.08% of their portfolio NEW YORK, NY 38,54238.5k $2.5m $2.5m 0.08% Added +30.5k +30,470
50 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 36,56636.6k $2.3m $2.3m 0.00% Added +29.6k +29,631
51 FIRST COMMUNITY TRUST NA 1.72% of their portfolio DUBUQUE, IA 36,38036.4k $2.3m $2.3m 1.72% New
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 33,83733.8k $2.2m $2.2m 0.00% Added +33.6k +33,596
53 Cedar Wealth Management, LLC 0.59% of their portfolio LA JOLLA, CA 31,92931.9k $2.0m $2.0m 0.59% Added +7.5k +7,521
54 Stonebridge Wealth Management, LLC 1.85% of their portfolio OAK BROOK, IL 30,10730.1k $1.9m $1.9m 1.85% Added +218 +218
55 CALTON & ASSOCIATES, INC. 0.27% of their portfolio Tampa, FL 29,37829.4k $1.9m $1.9m 0.27% Added +1.6k +1,631
56 THOROUGHBRED FINANCIAL SERVICES, LLC 0.09% of their portfolio BRENTWOOD, TN 24,74924.7k $1.6m $1.6m 0.09% Added +4.9k +4,900
57 NATIONS FINANCIAL GROUP INC, /IA/ /ADV 0.08% of their portfolio CEDAR RAPIDS, IA 23,35823.4k $1.5m $1.5m 0.08% Added +3.0k +2,981
58 Sonoma Allocations LLC 0.52% of their portfolio SANTA ROSA, CA 22,98123.0k $1.5m $1.5m 0.52% Added +6.6k +6,632
59 Geneos Wealth Management Inc. 0.03% of their portfolio ENGLEWOOD, CO 22,91422.9k $1.5m $1.5m 0.03% New
60 LaSalle St. Investment Advisors, LLC 0.20% of their portfolio ELMHURST, IL 22,37122.4k $1.4m $1.4m 0.20% Added +479 +479
61 LongView Wealth Management 0.40% of their portfolio ATLANTA, GA 22,30522.3k $1.6m $1.6m 0.40% Reduced -1.5k -1,488
62 Dynamic Advisor Solutions LLC 0.04% of their portfolio PHOENIX, AZ 22,28322.3k $1.4m $1.4m 0.04% Added +3.5k +3,519
63 ADAPT WEALTH ADVISORS, LLC 0.48% of their portfolio ATLANTA, GA 20,56720.6k $1.3m $1.3m 0.48% Added +1.6k +1,608
64 Spire Wealth Management 0.04% of their portfolio MCLEAN, VA 18,59918.6k $1.2m $1.2m 0.04% Added +6.8k +6,783
65 Henderson Brothers Financial Partners, LLC 0.28% of their portfolio PITTSBURGH, PA 17,39017.4k $1.1m $1.1m 0.28% First filing
66 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 17,38517.4k $1.1m $1.1m 0.00% Added +11.5k +11,455
67 Saxony Capital Management, LLC 0.63% of their portfolio ST. LOUIS, MO 16,84116.8k $1.1m $1.1m 0.63% Added +4.2k +4,178
68 Disciplined Investments, LLC 0.39% of their portfolio TULSA, OK 16,76616.8k $1.1m $1.1m 0.39% Unchanged
69 Rossby Financial, LCC 0.22% of their portfolio MELBOURNE, FL 16,52016.5k $1.1m $1.1m 0.22% Added +16.5k +16,508
70 Wealth Enhancement Trust Services, Inc. 0.12% of their portfolio SIOUX FALLS, SD 15,36615.4k $983.0k $983.0k 0.12% New
71 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 14,45314.5k $924.6k $924.6k 0.00% Added +4.2k +4,183
72 Strategic Financial Concepts, LLC 0.26% of their portfolio SAN ANTONIO, TX 14,34114.3k $1.0m $1.0m 0.26% New
73 SMITH SHELLNUT WILSON LLC /ADV 0.39% of their portfolio Ridgeland, MS 13,94913.9k $892.3k $892.3k 0.39% New
74 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 13,94713.9k $892.2k $892.2k 0.01% Reduced -5.6k -5,649
75 Golden State Wealth Management, LLC 0.09% of their portfolio SANTA ANA, CA 13,25313.3k $847.9k $847.9k 0.09% Added +2.2k +2,203
76 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 12,64612.6k $808.9k $808.9k 0.01% Added +8.5k +8,519
77 Avior Wealth Management, LLC 0.02% of their portfolio OMAHA, NE 11,71811.7k $749.6k $749.6k 0.02% New
78 Breakwater Capital Group 0.10% of their portfolio PARAMUS, NJ 11,23811.2k $718.9k $718.9k 0.10% Added +2.1k +2,116
79 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 10,90110.9k $697.3k $697.3k 0.00% Reduced -176.3k -176,322
80 Key Client Fiduciary Advisors, LLC 0.23% of their portfolio Fairfield, NJ 10,62010.6k $679.4k $679.4k 0.23% Added +6.9k +6,895
81 GWN SECURITIES INC. 0.11% of their portfolio Palm Beach Gardens, FL 8,6008.6k $550.2k $550.2k 0.11% Added +3.1k +3,080
82 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 7,9948.0k $511.4k $511.4k 0.00% New
83 Thompson David Blair 0.29% of their portfolio CHARLOTTE, NC 7,8367.8k $501.3k $501.3k 0.29% Added +3.0k +3,018
84 FLAGSHIP WEALTH ADVISORS, LLC 0.19% of their portfolio WAKEFIELD, MA 7,5007.5k $452.9k $452.9k 0.19% Unchanged
85 Impact Capital Partners LLC 0.14% of their portfolio GREENWOOD VILLAGE, CO 7,4887.5k $479.0k $479.0k 0.14% New
86 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 7,2927.3k $466.5k $466.5k 0.00% New
87 MKT Advisors LLC 0.16% of their portfolio CARLSBAD, CA 7,2437.2k $474.1k $474.1k 0.16% Unchanged
88 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 7,0177.0k $448.9k $448.9k 0.01% Reduced -430 -430
89 Moors & Cabot, Inc. 0.02% of their portfolio BOSTON, MA 6,4426.4k $412.1k $412.1k 0.02% New
90 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 6,4416.4k $412.0k $412.0k 0.00% Added +2.0k +1,954
91 RITHOLTZ WEALTH MANAGEMENT 0.01% of their portfolio NEW YORK, NY 6,3666.4k $407.2k $407.2k 0.01% New
92 KEYVANTAGE WEALTH, LLC 0.17% of their portfolio BETHLEHEM, PA 6,1486.1k $393.3k $393.3k 0.17% Reduced -2.8k -2,849
93 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 5,7845.8k $370.0k $370.0k 0.00% New
94 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,7615.8k $368.5k $368.5k 0.00% Unchanged
95 KANE INVESTMENT MANAGEMENT, INC. 0.19% of their portfolio LOS GATOS, CA 5,6555.7k $361.8k $361.8k 0.19% Reduced -612 -612
96 RFG Advisory, LLC 0.01% of their portfolio BIRMINGHAM, AL 5,3635.4k $343.0k $343.0k 0.01% New
97 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 5,0955.1k $325.9k $325.9k 0.00% Added +1.2k +1,225
98 Csenge Advisory Group 0.01% of their portfolio CLEARWATER, FL 4,9354.9k $315.7k $315.7k 0.01% Unchanged
99 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 4,7854.8k $306.0k $306.0k 0.00% Added +660 +660
100 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 4,6644.7k $298.4k $298.4k 0.00% New