Vault-13

ISHARES TR SGOV

0-3 MNTH TREASRY · ETP · CUSIP 46436E718

931 institutional holders +60 vs Q1 2025
173,652,804173.7m shares reported held*
$16.4bnreported value*
121 new 398 added 335 reduced 66 sold out net bought ≈ $2.0bn (+28.9m 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 ($10.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $94.37. Options: 1 managers hold calls ($382.6k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 203Q4 22: 272Q1 23: 366Q2 23: 406Q3 23: 507Q4 23: 589Q1 24: 595Q2 24: 651Q3 24: 695Q4 24: 773Q1 25: 871Q2 25: 931931Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022203
Q4 2022272
Q1 2023366
Q2 2023406
Q3 2023507
Q4 2023589
Q1 2024595
Q2 2024651
Q3 2024695
Q4 2024773
Q1 2025871
Q2 2025931

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 353 bought or addedQ3 23: 150 cut or sold outQ4 23: 335 bought or addedQ4 23: 243 cut or sold outQ4 23Q1 24: 330 bought or addedQ1 24: 289 cut or sold outQ2 24: 391 bought or addedQ2 24: 254 cut or sold outQ2 24Q3 24: 387 bought or addedQ3 24: 292 cut or sold outQ4 24: 437 bought or addedQ4 24: 300 cut or sold outQ4 24Q1 25: 546 bought or addedQ1 25: 311 cut or sold outQ2 25: 519 bought or addedQ2 25: 401 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023353150
Q4 2023335243
Q1 2024330289
Q2 2024391254
Q3 2024387292
Q4 2024437300
Q1 2025546311
Q2 2025519401

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $5.1kQ1 25P/C —Q2 25 calls: $382.6kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$5.1k—
Q2 2025$382.6k$00.00

Biggest buyers

CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC Added +10,119,433+10.1m
POTOMAC FUND MANAGEMENT INC /ADV New +6,010,295+6.0m
ROYAL BANK OF CANADA Added +2,925,601+2.9m
MORGAN STANLEY Added +2,106,911+2.1m
Cerity Partners LLC Added +1,298,316+1.3m
LPL Financial LLC Added +1,260,296+1.3m
CX Institutional Added +1,103,475+1.1m
Waverly Advisors, LLC Added +1,094,875+1.1m
Choate Investment Advisors Added +955,843+955.8k
Cetera Investment Advisers Added +943,581+943.6k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -1,760,892-1.8m
CIBC Private Wealth Group LLC Reduced -1,739,594-1.7m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -1,273,667-1.3m
RENAISSANCE TECHNOLOGIES LLC Sold out -1,143,900-1.1m
EQUITY INVESTMENT CORP Reduced -1,143,453-1.1m
Kingsview Wealth Management, LLC Reduced -1,109,921-1.1m
NOMURA ASSET MANAGEMENT CO LTD Reduced -875,500-875.5k
Trek Financial, LLC Reduced -793,253-793.3k
CITADEL ADVISORS LLC Reduced -671,339-671.3k
RAYMOND JAMES FINANCIAL INC Reduced -517,706-517.7k

Biggest calls

Belvedere Trading LLC New $382.6k3.8k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 10,561,36810.6m $1.1bn $1.1bn 0.09% Added +328.5k +328,511
2 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 3.16% of their portfolio BETHLEHEM, PA 10,270,47110.3m $16.4m $16.4m 3.16% Added +10.1m +10,119,433
3 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 8,396,6868.4m $845.5m $845.5m 0.06% Added +2.1m +2,106,911
4 LPL Financial LLC 0.24% of their portfolio FORT MILL, SC 7,203,9647.2m $725.4m $725.4m 0.24% Added +1.3m +1,260,296
5 POTOMAC FUND MANAGEMENT INC /ADV 34.58% of their portfolio BETHESDA, MD 6,010,2956.0m $605.2m $605.2m 34.58% New
6 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 4,982,6845.0m $501.7m $501.7m 0.05% Added +2.9m +2,925,601
7 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 4,724,4974.7m $479.7m $479.7m 0.12% Reduced -1.8m -1,760,892
8 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 3,056,8643.1m $307.8m $307.8m 0.02% Added +884.6k +884,640
9 Cerity Partners LLC 0.44% of their portfolio NEW YORK, NY 2,473,9882.5m $249.1m $249.1m 0.44% Added +1.3m +1,298,316
10 RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio ST. PETERSBURG, FL 2,410,6102.4m $242.7m $242.7m 0.08% Reduced -517.7k -517,706
11 CONFLUENCE INVESTMENT MANAGEMENT LLC 3.37% of their portfolio ST. LOUIS, MO 2,370,0402.4m $238.6m $238.6m 3.37% Added +426.5k +426,548
12 OSAIC HOLDINGS, INC. 0.41% of their portfolio SCOTTSDALE, AZ 2,313,7012.3m $233.0m $233.0m 0.41% Added +511.7k +511,685
13 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,136,9292.1m $215.2m $215.2m 0.04% Added +443.3k +443,341
14 Cetera Investment Advisers 0.36% of their portfolio SCHAUMBURG, IL 2,125,1962.1m $214.0m $214.0m 0.36% Added +943.6k +943,581
15 CAPTRUST FINANCIAL ADVISORS 0.40% of their portfolio RALEIGH, NC 1,781,0741.8m $179.3m $179.3m 0.40% Added +407.1k +407,106
16 NorthRock Partners, LLC 4.57% of their portfolio MINNEAPOLIS, MN 1,742,0851.7m $175.4m $175.4m 4.57% Added +50.5k +50,472
17 Choate Investment Advisors 3.80% of their portfolio BOSTON, MA 1,739,4911.7m $175.1m $175.1m 3.80% Added +955.8k +955,843
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.29% of their portfolio PLYMOUTH, MN 1,716,1191.7m $172.3m $172.3m 0.29% Added +814.8k +814,794
19 Cresset Asset Management, LLC 0.80% of their portfolio Chicago, IL 1,591,0031.6m $160.2m $160.2m 0.80% Added +231.4k +231,442
20 CIBC Private Wealth Group LLC 0.28% of their portfolio ATLANTA, GA 1,571,6251.6m $158.2m $158.2m 0.28% Reduced -1.7m -1,739,594
21 CX Institutional 5.43% of their portfolio AUBURN, IN 1,545,7881.5m $155.6m $155.6m 5.43% Added +1.1m +1,103,475
22 Waverly Advisors, LLC 1.71% of their portfolio BIRMINGHAM, AL 1,543,7141.5m $155.4m $155.4m 1.71% Added +1.1m +1,094,875
23 AlphaStar Capital Management, LLC 6.10% of their portfolio CORNELIUS, NC 1,527,0231.5m $86.8m $86.8m 6.10% Reduced -355.4k -355,416
24 MAI Capital Management 1.01% of their portfolio INDEPENDENCE, OH 1,446,0991.4m $145.6m $145.6m 1.01% Reduced -47.8k -47,846
25 Hamilton Capital Partners Inc. 7.27% of their portfolio TORONTO, A6 1,415,2181.4m $142.5m $142.5m 7.27% Added +331.1k +331,112
26 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,376,2111.4m $138.6m $138.6m 0.03% Added +688.2k +688,221
27 NorthCoast Asset Management LLC 0.58% of their portfolio STAMFORD, CT 1,357,1941.4m $136.7m $136.7m 0.58% Added +457.7k +457,682
28 AWM CAPITAL, LLC 13.94% of their portfolio Phoenix, AZ 1,316,2181.3m $132.5m $132.5m 13.94% Reduced -132.0k -131,968
29 Elm Partners Management LLC 7.37% of their portfolio Philadelphia, PA 1,260,1391.3m $126.9m $126.9m 7.37% Added +187.4k +187,364
30 GM Advisory Group, LLC 6.03% of their portfolio MELVILLE, NY 1,210,9801.2m $121.9m $121.9m 6.03% Reduced -272.4k -272,446
31 Cynosure Group, LLC 13.53% of their portfolio Salt Lake City, UT 1,185,8821.2m $119.4m $119.4m 13.53% Added +564.7k +564,698
32 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.08% of their portfolio MILWAUKEE, WI 1,140,4711.1m $114.8m $114.8m 0.08% Reduced -291.3k -291,263
33 WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC 5.34% of their portfolio INDIANAPOLIS, IN 1,128,9851.1m $113.7m $113.7m 5.34% Reduced -313.1k -313,081
34 Focus Partners Wealth 0.23% of their portfolio ST LOUIS, MO 1,053,6091.1m $106.1m $106.1m 0.23% Added +266.3k +266,331
35 PEAPACK GLADSTONE FINANCIAL CORP 1.45% of their portfolio BEDMINSTER, NJ 1,018,8691.0m $102.6m $102.6m 1.45% Added +39.8k +39,786
36 Balentine LLC 3.96% of their portfolio ATLANTA, GA 1,009,1631.0m $101.6m $101.6m 3.96% Added +111.3k +111,322
37 Maxi Investments CY Ltd 16.94% of their portfolio LIMASSOL, G4 994,470994.5k $100.1m $100.1m 16.94% Added +816.8k +816,796
38 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 956,797956.8k $96.3m $96.3m 0.03% Reduced -270.1k -270,055
39 PRUDENTIAL FINANCIAL INC 0.12% of their portfolio NEWARK, NJ 932,846932.8k $93.8m $93.8m 0.12% Added +63.0k +63,000
40 Advisors Capital Management, LLC 1.28% of their portfolio RIDGEWOOD, NJ 930,987931.0k $93.7m $93.7m 1.28% Added +280.5k +280,493
41 EQUITY INVESTMENT CORP 2.02% of their portfolio ATLANTA, GA 916,274916.3k $92.3m $92.3m 2.02% Reduced -1.1m -1,143,453
42 Cheviot Value Management, LLC 10.03% of their portfolio BEVERLY HILLS, CA 870,273870.3k $87.4m $87.4m 10.03% Added +107.9k +107,940
43 Mutual Advisors, LLC 2.19% of their portfolio OMAHA, NE 869,949869.9k $87.6m $87.6m 2.19% Added +24.1k +24,060
44 Composition Wealth, LLC 1.41% of their portfolio LOS ANGELES, CA 833,755833.8k $84.0m $84.0m 1.41% Added +25.7k +25,723
45 Cambridge Investment Research Advisors, Inc. 0.24% of their portfolio FAIRFIELD, IA 769,590769.6k $77.5m $77.5m 0.24% Added +97.8k +97,820
46 LEE JOHNSON CAPITAL MANAGEMENT, LLC 26.33% of their portfolio FORT WORTH, TX 759,836759.8k $76.5m $76.5m 26.33% Added +158.0k +157,972
47 Gotham Asset Management, LLC 0.45% of their portfolio NEW YORK, NY 748,815748.8k $75.4m $75.4m 0.45% Added +635.1k +635,060
48 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 742,000742.0k $74.7m $74.7m 0.07% Added +54.3k +54,257
49 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 724,972725.0k $73.0m $73.0m 0.10% Added +254.2k +254,166
50 Sollinda Capital Management LLC 18.41% of their portfolio HICKORY, NC 702,062702.1k $70.7m $70.7m 18.41% Added +235.6k +235,563
51 PEAVINE CAPITAL, LLC 15.91% of their portfolio RENO, NV 674,506674.5k $67.9m $67.9m 15.91% New
52 Alpha Wealth Funds, LLC 63.16% of their portfolio PARK CITY, UT 670,827670.8k $67.5m $67.5m 63.16% Added +81.5k +81,493
53 AXXCESS WEALTH MANAGEMENT, LLC 1.60% of their portfolio CARLSBAD, CA 663,339663.3k $66.8m $66.8m 1.60% Added +140.9k +140,932
54 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 658,303658.3k $66.3m $66.3m 0.08% Added +296.2k +296,200
55 FLAGSHIP HARBOR ADVISORS, LLC 3.08% of their portfolio BOSTON, MA 645,900645.9k $65.0m $65.0m 3.08% Added +189.2k +189,236
56 Sequoia Financial Advisors, LLC 0.44% of their portfolio Akron, OH 641,898641.9k $64.6m $64.6m 0.44% Reduced -40.5k -40,550
57 Ridgepath Capital Management LLC 29.57% of their portfolio Knoxville, TN 639,059639.1k $64.3m $64.3m 29.57% Added +136.0k +136,034
58 Aspen Capital Management, LLC 17.94% of their portfolio BOISE, ID 635,800635.8k $64.0m $64.0m 17.94% Added +102.6k +102,600
59 Farther Finance Advisors, LLC 1.27% of their portfolio SAN FRANCISCO, CA 630,981631.0k $63.5m $63.5m 1.27% Added +84.7k +84,653
60 TITLEIST ASSET MANAGEMENT, LLC 6.30% of their portfolio SAN ANTONIO, TX 629,085629.1k $63.3m $63.3m 6.30% Reduced -212.6k -212,559
61 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 628,324628.3k $63.3m $63.3m 0.07% Added +307.2k +307,219
62 Avos Capital Management, LLC 35.49% of their portfolio SEATTLE, WA 618,125618.1k $62.2m $62.2m 35.49% Reduced -35.0k -35,015
63 MONECO ADVISORS, LLC 5.70% of their portfolio FAIRFIELD, CT 608,670608.7k $61.3m $61.3m 5.70% Added +71.0k +70,973
64 One Day In July LLC 5.19% of their portfolio BURLINGTON, VT 568,737568.7k $57.3m $57.3m 5.19% Reduced -361 -361
65 Punch Card Management L.P. 18.39% of their portfolio WINTER PARK, FL 566,000566.0k $57.0m $57.0m 18.39% Reduced -15.1k -15,100
66 RAFFA WEALTH MANAGEMENT, LLC 11.17% of their portfolio WASHINGTON, DC 554,514554.5k $55.8m $55.8m 11.17% Reduced -2.4k -2,383
67 Arjuna Capital 14.62% of their portfolio MANCHESTER, MA 550,859550.9k $55.5m $55.5m 14.62% Added +65.1k +65,059
68 Dynamic Financial Group 52.21% of their portfolio Cedar Falls, IA 537,977538.0k $54.2m $54.2m 52.21% Reduced -22.2k -22,180
69 Selective Wealth Management, Inc. 19.43% of their portfolio FOREST, VA 529,734529.7k $53.2m $53.2m 19.43% Added +172.7k +172,670
70 T. Rowe Price Investment Management, Inc. 0.03% of their portfolio BALTIMORE, MD 519,308519.3k $52.3m $52.3m 0.03% Added +261.7k +261,711
71 Peak Retirement Planning, Inc. 21.05% of their portfolio COLUMBUS, OH 517,813517.8k $52.1m $52.1m 21.05% Added +263.2k +263,155
72 D.A. DAVIDSON & CO. 0.36% of their portfolio GREAT FALLS, MT 508,187508.2k $51.2m $51.2m 0.36% New
73 TLWM 9.27% of their portfolio SAN ANTONIO, TX 484,569484.6k $48.8m $48.8m 9.27% New
74 Wealthfront Advisers LLC 0.12% of their portfolio Palo Alto, CA 474,431474.4k $47.8m $47.8m 0.12% Added +202.6k +202,620
75 BlackRock, Inc. 0.00% of their portfolio New York, NY 459,228459.2k $46.2m $46.2m 0.00% Reduced -102.3k -102,254
76 Synergy Asset Management, LLC 5.07% of their portfolio VANCOUVER, WA 440,428440.4k $44.3m $44.3m 5.07% Added +9.6k +9,553
77 Bleakley Financial Group, LLC 1.12% of their portfolio PARSIPPANY, NJ 437,840437.8k $44.1m $44.1m 1.12% Reduced -152.2k -152,245
78 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 425,774425.8k $42.9m $42.9m 0.04% Reduced -37.7k -37,707
79 Resonant Capital Advisors, LLC 2.69% of their portfolio Madison, WI 418,153418.2k $42.1m $42.1m 2.69% Reduced -132.2k -132,177
80 Efficient Frontier Advisors LLC 26.71% of their portfolio EASTFORD, CT 417,900417.9k $42.1m $42.1m 26.71% Added +11.0k +11,049
81 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 409,829409.8k $41.3m $41.3m 0.12% Added +68.1k +68,074
82 EXENCIAL WEALTH ADVISORS, LLC 1.45% of their portfolio OKLAHOMA CITY, OK 408,387408.4k $41.1m $41.1m 1.45% Reduced -20.4k -20,399
83 Vigilare Wealth Management 15.37% of their portfolio SCOTTSDALE, AZ 407,137407.1k $41.0m $41.0m 15.37% Reduced -339.4k -339,401
84 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 405,884405.9k $40.9m $40.9m 0.05% Added +104.2k +104,165
85 Belpointe Asset Management LLC 1.66% of their portfolio RENO, NV 395,173395.2k $39.8m $39.8m 1.66% Reduced -386.6k -386,610
86 Mariner, LLC 0.06% of their portfolio Overland Park, KS 393,918393.9k $39.7m $39.7m 0.06% Added +5.2k +5,226
87 Smithfield Trust Co 1.87% of their portfolio PITTSBURGH, PA 392,505392.5k $39.5m $39.5m 1.87% Added +82.0k +82,025
88 Mesirow Financial Investment Management, Inc. 0.77% of their portfolio CHICAGO, IL 392,339392.3k $39.5m $39.5m 0.77% Added +171.0k +170,987
89 NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio NEW YORK, NY 391,426391.4k $39.4m $39.4m 0.03% Reduced -144.2k -144,231
90 FIRST WILSHIRE SECURITIES MANAGEMENT INC 10.42% of their portfolio PASADENA, CA 379,998380.0k $38.3m $38.3m 10.42% Reduced -41.8k -41,840
91 RFG Advisory, LLC 0.89% of their portfolio BIRMINGHAM, AL 374,371374.4k $37.7m $37.7m 0.89% Reduced -5.0k -5,013
92 DIVERSIFIED TRUST CO 0.82% of their portfolio MEMPHIS, TN 366,909366.9k $36.9m $36.9m 0.82% Added +307.8k +307,775
93 Brookstone Capital Management 0.47% of their portfolio WHEATON, IL 356,478356.5k $35.9m $35.9m 0.47% Added +16.4k +16,399
94 COLDSTREAM CAPITAL MANAGEMENT INC 0.59% of their portfolio BELLEVUE, WA 355,230355.2k $35.8m $35.8m 0.59% Reduced -3.3k -3,270
95 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 341,969342.0k $34.4m $34.4m 0.05% Added +166.5k +166,484
96 Tortoise Investment Management, LLC 3.18% of their portfolio WHITE PLAINS, NY 331,023331.0k $33.3m $33.3m 3.18% Added +9.2k +9,230
97 Steward Partners Investment Advisory, LLC 0.26% of their portfolio STAMFORD, CT 330,983331.0k $33.3m $33.3m 0.26% Added +33.9k +33,868
98 Orion Capital Management LLC 12.69% of their portfolio CORONADO, CA 330,699330.7k $33.3m $33.3m 12.69% Added +22.3k +22,343
99 Full Sail Capital, LLC 1.90% of their portfolio OKLAHOMA CITY, OK 327,531327.5k $33.0m $33.0m 1.90% Added +16.2k +16,212
100 Decker Retirement Planning Inc. 18.65% of their portfolio LEVI, UT 319,800319.8k $32.2m $32.2m 18.65% Reduced -486.8k -486,765