Vault-13

ISHARES TR TOPT

TOP 20 U S STOCK · ETP · CUSIP 46438G570

105 institutional holders +19 vs Q1 2026
7,379,2757.4m shares reported held*
$242.8mreported value*
30 new 40 added 20 reduced 10 sold out net bought ≈ $61.3m (+1.9m 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 ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $32.90. Options: 2 managers hold calls ($744.0k notional), 1 hold puts ($490.5k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q4 24: 16Q1 25: 32Q2 25: 48Q3 25: 64Q4 25: 78Q1 26: 86Q2 26: 105105Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202416
Q1 202532
Q2 202548
Q3 202564
Q4 202578
Q1 202686
Q2 2026105

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 25: 27 bought or addedQ1 25: 5 cut or sold outQ1 25Q2 25: 36 bought or addedQ2 25: 9 cut or sold outQ2 25Q3 25: 45 bought or addedQ3 25: 17 cut or sold outQ3 25Q4 25: 49 bought or addedQ4 25: 21 cut or sold outQ4 25Q1 26: 55 bought or addedQ1 26: 38 cut or sold outQ1 26Q2 26: 70 bought or addedQ2 26: 30 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2025275
Q2 2025369
Q3 20254517
Q4 20254921
Q1 20265538
Q2 20267030

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 25 calls: $2.1mQ3 25 puts: $657.9kQ3 25P/C 0.32Q4 25 calls: $1.8mQ4 25 puts: $231.1kQ4 25P/C 0.12Q1 26 calls: $575.3kQ1 26 puts: $463.6kQ1 26P/C 0.81Q2 26 calls: $744.0kQ2 26 puts: $490.5kQ2 26P/C 0.66
Numbers
QuarterCallsPutsP/C
Q3 2025$2.1m$657.9k0.32
Q4 2025$1.8m$231.1k0.12
Q1 2026$575.3k$463.6k0.81
Q2 2026$744.0k$490.5k0.66

Biggest buyers

Mirae Asset Global Investments Co., Ltd. New +393,116+393.1k
CEERA INVESTMENTS, LLC New +191,319+191.3k
LPL Financial LLC Added +165,289+165.3k
TWO SIGMA INVESTMENTS, LP New +154,200+154.2k
IHT Wealth Management, LLC Added +126,037+126.0k
ENVESTNET ASSET MANAGEMENT INC Added +111,315+111.3k
RAYMOND JAMES FINANCIAL INC Added +92,189+92.2k
BRADLEY FOSTER & SARGENT INC/CT New +82,873+82.9k
Janney Montgomery Scott LLC New +82,470+82.5k
JPMORGAN CHASE & CO Added +78,678+78.7k

Biggest sellers

INDEPENDENT FINANCIAL GROUP, LLC Reduced -104,849-104.8k
ROYAL BANK OF CANADA Sold out -53,157-53.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -31,481-31.5k
Insight Wealth Partners, LLC Sold out -27,469-27.5k
Quadrature Capital Ltd Sold out -20,132-20.1k
Horizon Investments, LLC Reduced -16,337-16.3k
Private Advisor Group, LLC Reduced -15,621-15.6k
Mariner, LLC Reduced -13,465-13.5k
JANE STREET GROUP, LLC Sold out -10,806-10.8k
Realta Investment Advisors Sold out -10,305-10.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $520.1k15.8k shares
JANE STREET GROUP, LLC Reduced $223.9k6.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $490.5k14.9k 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 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 1,208,1601.2m $39.8m $39.8m 0.01% Added +165.3k +165,289
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 788,413788.4k $26.0m $26.0m 0.01% Added +111.3k +111,315
3 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 689,021689.0k $22.7m $22.7m 0.01% Unchanged
4 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 518,627518.6k $17.1m $17.1m 0.00% Added +92.2k +92,189
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 425,075425.1k $14.0m $14.0m 0.00% Added +4.9k +4,862
6 Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio SEOUL, M5 393,116393.1k $12.9m $12.9m 0.02% New
7 Goodman Advisory Group, LLC 2.94% of their portfolio NEEDHAM, MA 388,708388.7k $12.8m $12.8m 2.94% Added +5.4k +5,435
8 IHT Wealth Management, LLC 0.16% of their portfolio Chicago, IL 224,723224.7k $7.4m $7.4m 0.16% Added +126.0k +126,037
9 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 204,325204.3k $6.7m $6.7m 0.01% Added +77.2k +77,214
10 CEERA INVESTMENTS, LLC 2.67% of their portfolio BELLAIRE, TX 191,319191.3k $6.3m $6.3m 2.67% New
11 INDEPENDENT FINANCIAL GROUP, LLC 0.12% of their portfolio SAN DIEGO, CA 189,977190.0k $6.3m $6.3m 0.12% Reduced -104.8k -104,849
12 Clear Creek Financial Management, LLC 0.37% of their portfolio SILVERDALE, WA 174,117174.1k $5.7m $5.7m 0.37% Added +70.2k +70,197
13 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 154,200154.2k $5.1m $5.1m 0.00% New
14 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 113,950114.0k $3.8m $3.8m 0.00% Added +17.4k +17,408
15 Horizon Investments, LLC 0.04% of their portfolio Charlotte, NC 109,239109.2k $3.6m $3.6m 0.04% Reduced -16.3k -16,337
16 FOUNDERS FINANCIAL SECURITIES LLC 0.18% of their portfolio TOWSON, MD 109,205109.2k $3.6m $3.6m 0.18% Added +46.4k +46,355
17 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 88,13988.1k $2.9m $2.9m 0.00% Added +78.7k +78,678
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 84,06984.1k $2.8m $2.8m 0.00% Added +24.5k +24,526
19 BRADLEY FOSTER & SARGENT INC/CT 0.04% of their portfolio HARTFORD, CT 82,87382.9k $2.7m $2.7m 0.04% New
20 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 82,47082.5k $2.7m $2.7m 0.01% New
21 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 68,86368.9k $2.3m $2.3m 0.00% Added +31.7k +31,654
22 OPPENHEIMER & CO INC 0.02% of their portfolio NEW YORK, NY 61,93661.9k $2.0m $2.0m 0.02% Added +4.8k +4,820
23 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 61,15461.2k $2.0m $2.0m 0.01% Added +6.0k +6,010
24 ATX Financial Planning, LLC 1.19% of their portfolio AUSTIN, TX 54,67054.7k $1.8m $1.8m 1.19% Reduced -295 -295
25 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 47,25647.3k $1.6m $1.6m 0.00% Added +39.2k +39,192
26 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 44,09144.1k $1.5m $1.5m 0.00% New
27 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 42,34642.3k $1.4m $1.4m 0.00% Added +2.6k +2,575
28 Prospera Financial Services Inc 0.02% of their portfolio Dallas, TX 40,95241.0k $1.3m $1.3m 0.02% Reduced -1.7k -1,724
29 RIA Advisory Group LLC 0.30% of their portfolio Des Moines, IA 40,55940.6k $1.3m $1.3m 0.30% Reduced -5.2k -5,203
30 Keystone Wealth Services, LLC 0.24% of their portfolio PALM DESERT, CA 40,00540.0k $1.3m $1.3m 0.24% Added +1.6k +1,634
31 Signal Advisors Wealth, LLC 0.07% of their portfolio DETROIT, MI 39,18239.2k $1.3m $1.3m 0.07% New
32 OpenArc Corporate Advisory, LLC 0.02% of their portfolio ATLANTA, GA 38,73038.7k $1.3m $1.3m 0.02% Added +4.1k +4,146
33 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 33,05733.1k $1.0m $1.0m 0.00% Added +33.1k +33,057
34 Midwest Financial Network, LLC 0.66% of their portfolio TINLEY PARK, IL 29,46229.5k $969.9k $969.9k 0.66% New
35 J.W. COLE ADVISORS, INC. 0.02% of their portfolio TAMPA, FL 28,95329.0k $953.1k $953.1k 0.02% Reduced -2.3k -2,289
36 Core Wealth Partners LLC 0.40% of their portfolio SANTA ROSA, CA 28,65128.7k $943.2k $943.2k 0.40% Reduced -6.5k -6,548
37 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 25,33125.3k $833.9k $833.9k 0.00% Unchanged
38 CreativeOne Wealth, LLC 0.02% of their portfolio OVERLAND PARK, KS 25,06825.1k $825.2k $825.2k 0.02% Reduced -2.2k -2,153
39 Kestra Investment Management, LLC 0.02% of their portfolio AUSTIN, TX 25,05225.1k $824.7k $824.7k 0.02% New
40 MMBG INVESTMENT ADVISORS CO. 0.07% of their portfolio MIAMI, FL 25,00025.0k $823.0k $823.0k 0.07% New
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 24,62324.6k $810.6k $810.6k 0.00% Added +6.7k +6,742
42 Savvy Advisors, Inc. 0.02% of their portfolio NEW YORK, NY 22,73622.7k $748.5k $748.5k 0.02% Reduced -10 -10
43 CPC Advisors, LLC 0.10% of their portfolio Atlanta, GA 22,34022.3k $735.4k $735.4k 0.10% New
44 Geneos Wealth Management Inc. 0.01% of their portfolio ENGLEWOOD, CO 21,60421.6k $711.2k $711.2k 0.01% Added +10.2k +10,218
45 RCS Financial Planning, LLC 0.31% of their portfolio ANNAPOLIS, MD 19,68319.7k $648.0k $648.0k 0.31% New
46 Legacy Financial Group LLC 0.07% of their portfolio DES MOINES, IA 18,45918.5k $607.7k $607.7k 0.07% Added +323 +323
47 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 18,41718.4k $606.3k $606.3k 0.00% Added +7.7k +7,731
48 Tranquilli Financial Advisor LLC 0.31% of their portfolio Clinton, NJ 17,66917.7k $581.7k $581.7k 0.31% Added +5.9k +5,930
49 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 16,28416.3k $536.1k $536.1k 0.00% Reduced -15.6k -15,621
50 QUATTRO FINANCIAL ADVISORS LLC 0.10% of their portfolio The Woodlands, TX 14,58514.6k $480.1k $480.1k 0.10% New
51 THOROUGHBRED FINANCIAL SERVICES, LLC 0.02% of their portfolio BRENTWOOD, TN 14,56514.6k $479.0k $479.0k 0.02% New
52 LEAVELL INVESTMENT MANAGEMENT, INC. 0.02% of their portfolio MOBILE, AL 14,52814.5k $478.3k $478.3k 0.02% Added +966 +966
53 WealthPlan Investment Management, LLC 0.02% of their portfolio OMAHA, NE 12,92212.9k $425.4k $425.4k 0.02% Added +311 +311
54 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 12,37112.4k $407.3k $407.3k 0.01% Added +778 +778
55 GatePass Capital, LLC 0.14% of their portfolio INDEPENDENCE, OH 11,51511.5k $379.1k $379.1k 0.14% New
56 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 10,48010.5k $345.0k $345.0k 0.00% Added +630 +630
57 CREATIVE FINANCIAL DESIGNS INC /ADV 0.02% of their portfolio KOKOMO, IN 10,11310.1k $332.9k $332.9k 0.02% Added +9.5k +9,516
58 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 9,6699.7k $318.0k $318.0k 0.00% New
59 SkyOak Wealth, LLC 0.05% of their portfolio SOUTHFIELD, MI 9,5609.6k $314.7k $314.7k 0.05% Added +125 +125
60 Strategic Financial Concepts, LLC 0.09% of their portfolio SAN ANTONIO, TX 9,3009.3k $306.2k $306.2k 0.09% Reduced -3.0k -2,990
61 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 9,2299.2k $303.8k $303.8k 0.00% Added +142 +142
62 ROTHSCHILD INVESTMENT LLC 0.01% of their portfolio CHICAGO, IL 9,2259.2k $303.7k $303.7k 0.01% New
63 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 9,1959.2k $302.7k $302.7k 0.00% New
64 Norris Financial Group, LLC 0.12% of their portfolio GREENVILLE, SC 8,7818.8k $289.1k $289.1k 0.12% Unchanged
65 Guardian Capital, LLC 0.21% of their portfolio WEXFORD, PA 7,9007.9k $260.1k $260.1k 0.21% Reduced -1.2k -1,200
66 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 7,6457.6k $251.7k $251.7k 0.00% Reduced -1.4k -1,435
67 LAUREL OAK WEALTH MANAGEMENT, LLC 0.04% of their portfolio MARLTON, NJ 7,3857.4k $243.1k $243.1k 0.04% Added +1 +1
68 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 7,2247.2k $237.8k $237.8k 0.01% Added +190 +190
69 Valeo Financial Advisors, LLC 0.00% of their portfolio CARMEL, IN 7,0257.0k $231.3k $231.3k 0.00% New
70 FIDUCIARY FINANCIAL ADVISORS 0.02% of their portfolio GRAND RAPIDS, MI 6,9617.0k $229.2k $229.2k 0.02% New
71 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 6,9016.9k $227.2k $227.2k 0.02% Unchanged
72 Mariner, LLC 0.00% of their portfolio Overland Park, KS 6,8386.8k $225.1k $225.1k 0.00% Reduced -13.5k -13,465
73 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 6,4606.5k $212.7k $212.7k 0.00% Added +43 +43
74 TWIN PEAKS WEALTH ADVISORS, LLC 0.05% of their portfolio SAN FRANCISCO, CA 6,3956.4k $210.5k $210.5k 0.05% New
75 CVFG LLC 0.02% of their portfolio SHELBYVILLE, IN 6,3056.3k $207.6k $207.6k 0.02% New
76 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 6,1056.1k $201.0k $201.0k 0.01% New
77 NFSG Corp 0.02% of their portfolio BOCA RATON, FL 5,6255.6k $185.2k $185.2k 0.02% Unchanged
78 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 4,7104.7k $155.1k $155.1k 0.00% New
79 Keating Financial Advisory Services, Inc. 0.02% of their portfolio MANHATTAN, KS 3,5073.5k $115.5k $115.5k 0.02% Unchanged
80 FMR LLC 0.00% of their portfolio BOSTON, MA 3,2263.2k $106.2k $106.2k 0.00% Added +3.1k +3,146
81 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,9402.9k $96.8k $96.8k 0.00% Reduced -1.1k -1,125
82 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 2,2432.2k $73.8k $73.8k 0.00% First filing
83 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,0882.1k $68.7k $68.7k 0.00% Reduced -3.1k -3,141
84 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,9632.0k $64.6k $64.6k 0.00% Added +1.3k +1,282
85 Archer Investment Corp 0.01% of their portfolio Carmel, IN 1,8921.9k $62.3k $62.3k 0.01% New
86 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,4611.5k $48.1k $48.1k 0.00% Reduced -2.9k -2,928
87 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,3401.3k $44.1k $44.1k 0.00% Added +538 +538
88 Private Wealth Management Group, LLC 0.01% of their portfolio PRINCETON, NJ 1,3101.3k $43.1k $43.1k 0.01% Added +101 +101
89 Cornerstone Planning Group LLC 0.01% of their portfolio FAIRFIELD, NJ 1,2061.2k $40.2k $40.2k 0.01% Unchanged
90 IFG Advisory, LLC 0.00% of their portfolio ATLANTA, GA 1,0391.0k $34.2k $34.2k 0.00% New
91 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 555555 $18.3k $18.3k 0.00% Reduced -32 -32
92 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 447447 $14.7k $14.7k 0.00% New
93 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 340340 $11.2k $11.2k 0.00% Reduced -8.6k -8,588
94 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 325325 $10.7k $10.7k 0.00% Unchanged
95 HAZLETT, BURT & WATSON, INC. 0.00% of their portfolio WHEELING, WV 300300 $10.0k $10.0k 0.00% Unchanged
96 Godfrey Financial Associates, Inc. 0.01% of their portfolio GLENMONT, NY 262262 $8.6k $8.6k 0.01% Unchanged
97 Concord Wealth Partners 0.00% of their portfolio ABINGDON, VA 175175 $5.8k $5.8k 0.00% New
98 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 175175 $5.8k $5.8k 0.00% Unchanged
99 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 172172 $5.7k $5.7k 0.00% Added +165 +165
100 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 5555 $1.8k $1.8k 0.00% Reduced -1.4k -1,443