Vault-13

ISHARES TR GOVZ

ISHARES 25+ YR T · ETP · CUSIP 46436E577

35 institutional holders -1 vs Q1 2025
6,015,7766.0m shares reported held*
$57.6mreported value*
5 new 6 added 17 reduced 6 sold out net sold ≈ $8.3m (-860.5k 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 ≈ $9.57. Options: 1 managers hold calls ($273.6k notional), 1 hold puts ($377.3k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 15Q4 22: 17Q1 23: 19Q2 23: 17Q3 23: 24Q4 23: 26Q1 24: 25Q2 24: 28Q3 24: 38Q4 24: 38Q1 25: 36Q2 25: 3535Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202215
Q4 202217
Q1 202319
Q2 202317
Q3 202324
Q4 202326
Q1 202425
Q2 202428
Q3 202438
Q4 202438
Q1 202536
Q2 202535

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 13 bought or addedQ3 23: 9 cut or sold outQ4 23: 19 bought or addedQ4 23: 10 cut or sold outQ4 23Q1 24: 11 bought or addedQ1 24: 11 cut or sold outQ2 24: 14 bought or addedQ2 24: 12 cut or sold outQ2 24Q3 24: 31 bought or addedQ3 24: 5 cut or sold outQ4 24: 18 bought or addedQ4 24: 18 cut or sold outQ4 24Q1 25: 17 bought or addedQ1 25: 23 cut or sold outQ2 25: 11 bought or addedQ2 25: 23 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023139
Q4 20231910
Q1 20241111
Q2 20241412
Q3 2024315
Q4 20241818
Q1 20251723
Q2 20251123

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 24 calls: $18.9kQ3 24 puts: $519.6kQ3 24P/C 27.50Q4 24 calls: $3.0kQ4 24 puts: $248.0kQ4 24P/C 83.67Q1 25 calls: $381.0kQ1 25 puts: $591.6kQ1 25P/C 1.55Q2 25 calls: $273.6kQ2 25 puts: $377.3kQ2 25P/C 1.38
Numbers
QuarterCallsPutsP/C
Q3 2024$18.9k$519.6k27.50
Q4 2024$3.0k$248.0k83.67
Q1 2025$381.0k$591.6k1.55
Q2 2025$273.6k$377.3k1.38

Biggest buyers

Mirae Asset Global Investments Co., Ltd. New +1,710,000+1.7m
Quadrature Capital Ltd New +206,776+206.8k
COMMONWEALTH EQUITY SERVICES, LLC Added +159,224+159.2k
LPL Financial LLC Added +103,814+103.8k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +91,132+91.1k
Beverly Hills Private Wealth, LLC New +48,826+48.8k
GOLDMAN SACHS GROUP INC Added +44,547+44.5k
Strategies Wealth Advisors, LLC Added +41,778+41.8k
J.W. COLE ADVISORS, INC. New +10,498+10.5k
Sowell Financial Services LLC Added +6,000+6.0k

Biggest sellers

CPC Advisors, LLC Reduced -1,184,317-1.2m
RAYMOND JAMES FINANCIAL INC Sold out -679,997-680.0k
TRAPHAGEN INVESTMENT ADVISORS LLC Sold out -625,223-625.2k
CITADEL ADVISORS LLC Sold out -248,613-248.6k
JANE STREET GROUP, LLC Reduced -173,800-173.8k
Cerro Pacific Wealth Advisors LLC Reduced -74,902-74.9k
Tower Research Capital LLC (TRC) Reduced -67,266-67.3k
JPMORGAN CHASE & CO Reduced -42,913-42.9k
FLOW TRADERS U.S. LLC Sold out -36,145-36.1k
BlackRock, Inc. Reduced -26,919-26.9k

Biggest calls

CITADEL ADVISORS LLC Reduced $273.6k28.5k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $377.3k39.3k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio SEOUL, M5 1,710,0001.7m $16.4m $16.4m 0.06% New
2 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 1,036,7351.0m $9.8m $9.8m 0.02% Added +91.1k +91,132
3 Strategies Wealth Advisors, LLC 0.93% of their portfolio GRAND RAPIDS, MI 887,200887.2k $8.5m $8.5m 0.93% Added +41.8k +41,778
4 CPC Advisors, LLC 1.06% of their portfolio Atlanta, GA 880,451880.5k $8.5m $8.5m 1.06% Reduced -1.2m -1,184,317
5 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 364,359364.4k $3.5m $3.5m 0.00% Added +103.8k +103,814
6 Quadrature Capital Ltd 0.03% of their portfolio LONDON, X0 206,776206.8k $2.0m $2.0m 0.03% New
7 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 185,212185.2k $1.8m $1.8m 0.00% Added +159.2k +159,224
8 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 116,943116.9k $1.1m $1.1m 0.03% Reduced -67.3k -67,266
9 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 116,223116.2k $1.1m $1.1m 0.00% Reduced -9.0k -8,998
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 89,08189.1k $855.2k $855.2k 0.00% Reduced -26.9k -26,919
11 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 56,22256.2k $539.7k $539.7k 0.00% Added +44.5k +44,547
12 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 53,92453.9k $517.7k $517.7k 0.02% Reduced -8.8k -8,758
13 Beverly Hills Private Wealth, LLC 0.09% of their portfolio BEVERLY HILLS, CA 48,82648.8k $468.7k $468.7k 0.09% New
14 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 40,76240.8k $391.3k $391.3k 0.00% Reduced -10.4k -10,406
15 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 30,57330.6k $293.5k $293.5k 0.00% Unchanged
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 23,67823.7k $227.3k $227.3k 0.00% Reduced -22.3k -22,294
17 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 23,15923.2k $222.3k $222.3k 0.00% Reduced -173.8k -173,800
18 Clear Creek Financial Management, LLC 0.02% of their portfolio SILVERDALE, WA 19,59419.6k $188.1k $188.1k 0.02% Reduced -1.4k -1,446
19 Sowell Financial Services LLC 0.01% of their portfolio NORTH LITTLE ROCK, AR 17,50017.5k $168.0k $168.0k 0.01% Added +6.0k +6,000
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 17,49817.5k $168.0k $168.0k 0.00% Reduced -15.3k -15,337
21 Dentgroup LLC 0.11% of their portfolio BATON ROUGE, LA 16,64516.6k $159.8k $159.8k 0.11% Reduced -18.5k -18,500
22 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 15,33515.3k $147.2k $147.2k 0.00% Reduced -42.9k -42,913
23 Cerro Pacific Wealth Advisors LLC 0.03% of their portfolio San Luis Obispo, CA 12,30112.3k $118.1k $118.1k 0.03% Reduced -74.9k -74,902
24 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 12,21012.2k $117.2k $117.2k 0.00% Unchanged
25 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 11,31811.3k $108.7k $108.7k 0.00% Reduced -224 -224
26 J.W. COLE ADVISORS, INC. 0.00% of their portfolio TAMPA, FL 10,49810.5k $100.8k $100.8k 0.00% New
27 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,9003.9k $37.4k $37.4k 0.00% New
28 NFSG Corp 0.01% of their portfolio BOCA RATON, FL 3,4383.4k $33.0k $33.0k 0.01% Unchanged
29 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 2,6792.7k $25.0k $25.0k 0.00% Reduced -2.6k -2,603
30 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,0002.0k $19.2k $19.2k 0.00% Unchanged
31 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 317317 $3.0k $3.0k 0.00% Unchanged
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 223223 $2.1k $2.1k 0.00% Reduced -165 -165
33 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 195195 $1.9k $1.9k 0.00% Unchanged
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $14 $14 0.00% Reduced -4 -4
35 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged