Vault-13

ISHARES TR SMAX

LARGE CAP MAX BU · ETP · CUSIP 46438G588

26 institutional holders -13 vs Q1 2025
2,395,5372.4m shares reported held*
$62.4mreported value*
6 new 5 added 7 reduced 19 sold out net sold ≈ $25.8m (-991.3k 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 ≈ $26.03.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 47Q1 25: 39Q2 25: 2626Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q4 202447
Q1 202539
Q2 202526

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 25: 18 bought or addedQ1 25: 31 cut or sold outQ1 25Q2 25: 11 bought or addedQ2 25: 26 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 20251831
Q2 20251126

Biggest buyers

J. L. Bainbridge & Co., Inc. Added +52,961+53.0k
Amplius Wealth Advisors, LLC New +50,101+50.1k
GOLDMAN SACHS GROUP INC Added +23,020+23.0k
ENVESTNET ASSET MANAGEMENT INC Added +14,876+14.9k
OLD MISSION CAPITAL LLC Added +14,722+14.7k
Signal Advisors Wealth, LLC New +12,693+12.7k
Thrivent Financial for Lutherans New +7,810+7.8k
FIFTH THIRD BANCORP New +1,306+1.3k
UBS Group AG New +1,009+1.0k
Client First Capital LLC Added +89+89

Biggest sellers

AE Wealth Management LLC Sold out -588,211-588.2k
Authentikos Wealth Advisory, LLC Sold out -108,477-108.5k
HOWARD BAILEY SECURITIES, LLC Sold out -102,914-102.9k
CreativeOne Wealth, LLC Sold out -44,381-44.4k
JPMORGAN CHASE & CO Sold out -42,376-42.4k
Wellment Financial Sold out -39,994-40.0k
POM Investment Strategies, LLC Sold out -38,390-38.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -36,373-36.4k
Strategic Blueprint, LLC Reduced -32,172-32.2k
GeoWealth Management, LLC Sold out -28,064-28.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 J. L. Bainbridge & Co., Inc. 3.30% of their portfolio SARASOTA, FL 1,380,2261.4m $35.9m $35.9m 3.30% Added +53.0k +52,961
2 Strategic Blueprint, LLC 0.44% of their portfolio ATLANTA, GA 341,543341.5k $8.9m $8.9m 0.44% Reduced -32.2k -32,172
3 Client First Capital LLC 2.29% of their portfolio SAN DIEGO, CA 187,026187.0k $4.9m $4.9m 2.29% Added +89 +89
4 Grantvest Financial Group LLC 1.26% of their portfolio MATAWAN, NJ 65,30865.3k $1.7m $1.7m 1.26% Reduced -3.9k -3,868
5 Amplius Wealth Advisors, LLC 0.12% of their portfolio BLUE BELL, PA 50,10150.1k $1.3m $1.3m 0.12% New
6 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 40,00040.0k $1.0m $1.0m 0.00% Added +23.0k +23,020
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 38,11538.1k $992.5k $992.5k 0.00% Reduced -36.4k -36,373
8 JIM SAULNIER & ASSOCIATES, LLC 0.65% of their portfolio FORT COLLINS, CO 36,49236.5k $950.3k $950.3k 0.65% Reduced -716 -716
9 OLD MISSION CAPITAL LLC 0.02% of their portfolio CHICAGO, IL 35,30135.3k $919.2k $919.2k 0.02% Added +14.7k +14,722
10 Crewe Advisors LLC 0.13% of their portfolio SALT LAKE CITY, UT 34,39234.4k $895.6k $895.6k 0.13% Unchanged
11 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 25,74925.7k $671.0k $671.0k 0.00% Unchanged
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 25,51025.5k $664.3k $664.3k 0.00% Added +14.9k +14,876
13 Tradition Wealth Management, LLC 0.05% of their portfolio EDINA, MN 22,00522.0k $573.0k $573.0k 0.05% Unchanged
14 ARS Investment Partners, LLC 0.04% of their portfolio New York, NY 19,90019.9k $518.2k $518.2k 0.04% Unchanged
15 Crown Wealth Group, LLC 0.17% of their portfolio Charlotte, NC 17,75317.8k $462.3k $462.3k 0.17% Reduced -4.9k -4,939
16 Snowden Capital Advisors LLC 0.01% of their portfolio New York, NY 15,53915.5k $404.6k $404.6k 0.01% Reduced -6.9k -6,933
17 TOUNJIAN ADVISORY PARTNERS, LLC 0.07% of their portfolio FORT MYERS, FL 15,12815.1k $378.8k $378.8k 0.07% Reduced -770 -770
18 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,99414.0k $364.4k $364.4k 0.00% Unchanged
19 Signal Advisors Wealth, LLC 0.03% of their portfolio DETROIT, MI 12,69312.7k $330.5k $330.5k 0.03% New
20 Investment Partners Asset Management, Inc. 0.15% of their portfolio METUCHEN, NJ 8,1628.2k $212.5k $212.5k 0.15% Unchanged
21 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 7,8107.8k $203.0k $203.0k 0.00% New
22 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,3061.3k $34.0k $34.0k 0.00% New
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0091.0k $26.3k $26.3k 0.00% New
24 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 425425 $11.1k $11.1k 0.00% Unchanged
25 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 5050 $1.3k $1.3k 0.00% New
26 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged