Vault-13

JPMORGAN CHASE & CO AMJ

ALERIAN ML ETN · ETP · CUSIP 46625H365

175 institutional holders +0 vs Q1 2023
104,876,664104.9m shares reported held*
$2.4bnreported value*
12 new 53 added 59 reduced 15 sold out net bought ≈ $16.5m (+721.1k 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 ($279.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $22.91. Options: 3 managers hold calls ($572.6k notional), 5 hold puts ($297.4m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 169Q4 22: 183Q1 23: 175Q2 23: 175175Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022169
Q4 2022183
Q1 2023175
Q2 2023175

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 74 bought or addedQ4 22: 75 cut or sold outQ4 22Q1 23: 70 bought or addedQ1 23: 95 cut or sold outQ1 23Q2 23: 65 bought or addedQ2 23: 74 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227475
Q1 20237095
Q2 20236574

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 22 calls: $3.0mQ3 22 puts: $201.2mQ3 22P/C 66.95Q4 22 calls: $2.9mQ4 22 puts: $262.4mQ4 22P/C 91.67Q1 23 calls: $941.9kQ1 23 puts: $366.8mQ1 23P/C 389.43Q2 23 calls: $572.6kQ2 23 puts: $297.4mQ2 23P/C 519.43
Numbers
QuarterCallsPutsP/C
Q3 2022$3.0m$201.2m66.95
Q4 2022$2.9m$262.4m91.67
Q1 2023$941.9k$366.8m389.43
Q2 2023$572.6k$297.4m519.43

Biggest buyers

JPMORGAN CHASE & CO Added +3,825,015+3.8m
RPg Family Wealth Advisory, LLC New +115,845+115.8k
JANE STREET GROUP, LLC Added +97,526+97.5k
RENAISSANCE TECHNOLOGIES LLC Added +90,800+90.8k
Equitable Holdings, Inc. Added +76,978+77.0k
Parkside Financial Bank & Trust Added +47,354+47.4k
LPL Financial LLC Added +29,323+29.3k
WINTRUST INVESTMENTS LLC New +27,900+27.9k
MORGAN STANLEY Added +26,817+26.8k
NICOLET ADVISORY SERVICES, LLC Added +23,223+23.2k

Biggest sellers

BRIGHTON JONES LLC Reduced -2,679,231-2.7m
Virtu Financial LLC Reduced -201,358-201.4k
CITADEL ADVISORS LLC Reduced -157,564-157.6k
MIRABELLA FINANCIAL SERVICES LLP Sold out -141,176-141.2k
CIBC Private Wealth Group LLC Reduced -126,224-126.2k
BANK OF AMERICA CORP /DE/ Reduced -89,014-89.0k
J.P. Morgan Private Wealth Advisors LLC Reduced -71,419-71.4k
FORTEM FINANCIAL GROUP, LLC Reduced -44,021-44.0k
B&D White Capital Company, LLC Sold out -40,749-40.7k
HighTower Advisors, LLC Reduced -28,252-28.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $320.7k14.0k shares
CITADEL ADVISORS LLC Reduced $242.8k10.6k shares
Cutler Group LLC / CA Added $9.0k29.4k shares

Biggest puts

SIMPLEX TRADING, LLC Reduced $288.6m2.0m shares
NATIONAL BANK OF CANADA /FI/ New $8.8m602 shares
CITADEL ADVISORS LLC Reduced $20.6k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $0200 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.20% of their portfolio NEW YORK, NY 75,142,56975.1m $1.7bn $1.7bn 0.20% Added +3.8m +3,825,015
2 CIBC Private Wealth Group LLC 0.36% of their portfolio ATLANTA, GA 14,511,83214.5m $332.5m $332.5m 0.36% Reduced -126.2k -126,224
3 BRIGHTON JONES LLC 3.17% of their portfolio SEATTLE, WA 2,743,2922.7m $62.8m $62.8m 3.17% Reduced -2.7m -2,679,231
4 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,112,6751.1m $254.9k $254.9k 0.00% Reduced -89.0k -89,014
5 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,080,8961.1m $24.8m $24.8m 0.00% Added +26.8k +26,817
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 825,247825.2k $18.9m $18.9m 0.01% Added +29.3k +29,323
7 KEYBANK NATIONAL ASSOCIATION/OH 0.07% of their portfolio BROOKLYN, OH 652,406652.4k $14.9m $14.9m 0.07% Added +12.9k +12,857
8 Mariner, LLC 0.04% of their portfolio Overland Park, KS 605,762605.8k $13.9m $13.9m 0.04% Reduced -13.8k -13,803
9 NICOLET ADVISORY SERVICES, LLC 1.31% of their portfolio GREEN BAY, WI 522,541522.5k $12.0m $12.0m 1.31% Added +23.2k +23,223
10 EVERGREEN CAPITAL MANAGEMENT LLC 0.46% of their portfolio Bellevue, WA 482,668482.7k $11.1m $11.1m 0.46% Reduced -6.2k -6,190
11 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 0.74% of their portfolio SAN FRANCISCO, CA 444,992445.0k $10.2m $10.2m 0.74% Reduced -5.0k -5,032
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 434,577434.6k $10.0m $10.0m 0.00% Added +513 +513
13 Parkside Financial Bank & Trust 2.24% of their portfolio SAINT LOUIS, MO 412,403412.4k $9.4m $9.4m 2.24% Added +47.4k +47,354
14 Equitable Holdings, Inc. 0.13% of their portfolio NEW YORK, NY 399,559399.6k $9.2m $9.2m 0.13% Added +77.0k +76,978
15 FORTEM FINANCIAL GROUP, LLC 4.85% of their portfolio PALM DESERT, CA 356,864356.9k $8.2m $8.2m 4.85% Reduced -44.0k -44,021
16 NICOLET BANKSHARES INC 2.25% of their portfolio GREEN BAY, WI 345,989346.0k $7.9m $7.9m 2.25% Added +4.4k +4,397
17 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 311,892311.9k $7.1m $7.1m 0.02% Reduced -1.5k -1,533
18 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 269,042269.0k $6.2m $6.2m 0.01% Added +15.3k +15,335
19 NOESIS CAPITAL MANGEMENT CORP 1.51% of their portfolio BOCA RATON, FL 267,413267.4k $6.1m $6.1m 1.51% Reduced -9.5k -9,520
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 226,804226.8k $5.2m $5.2m 0.01% Added +10.9k +10,867
21 COMMERCE BANK 0.04% of their portfolio KANSAS CITY, MO 218,919218.9k $5.0m $5.0m 0.04% Added +5.3k +5,280
22 MAI Capital Management 0.07% of their portfolio INDEPENDENCE, OH 207,947207.9k $4.8m $4.8m 0.07% Reduced -9.1k -9,135
23 J.P. Morgan Private Wealth Advisors LLC 0.02% of their portfolio SAN FRANCISCO, CA 207,659207.7k $4.8m $4.8m 0.02% Reduced -71.4k -71,419
24 ROCKLAND TRUST CO 0.27% of their portfolio HANOVER, MA 195,089195.1k $4.5m $4.5m 0.27% Reduced -7.0k -6,964
25 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 154,000154.0k $3.5m $3.5m 0.01% Added +90.8k +90,800
26 Peak Asset Management, LLC 0.71% of their portfolio LOUISVILLE, CO 134,415134.4k $3.1m $3.1m 0.71% Added +3.5k +3,521
27 RPg Family Wealth Advisory, LLC 1.06% of their portfolio BURLINGTON, MA 115,845115.8k $2.7m $2.7m 1.06% New
28 Virtu Financial LLC 0.19% of their portfolio New York, NY 110,753110.8k $2.5m $2.5m 0.19% Reduced -201.4k -201,358
29 LAKE STREET PRIVATE WEALTH, LLC 0.44% of their portfolio CHICAGO, IL 110,350110.3k $2.5m $2.5m 0.44% Reduced -4.8k -4,750
30 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 108,980109.0k $2.5m $2.5m 0.00% Added +97.5k +97,526
31 CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 1.67% of their portfolio Phoenix, AZ 101,990102.0k $2.3m $2.3m 1.67% Reduced -249 -249
32 Stelac Advisory Services LLC 1.06% of their portfolio NEW YORK, NY 101,222101.2k $2.4m $2.4m 1.06% Unchanged
33 EVERETT HARRIS & CO /CA/ 0.03% of their portfolio LOS ANGELES, CA 99,00699.0k $2.3m $2.3m 0.03% Added +3.4k +3,360
34 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.01% of their portfolio IRVING, TX 93,52593.5k $2.1m $2.1m 0.01% Unchanged
35 NEW ENGLAND ASSET MANAGEMENT INC 0.31% of their portfolio FARMINGTON, CT 92,75092.8k $2.1m $2.1m 0.31% Unchanged
36 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 88,67388.7k $2.0m $2.0m 0.00% Added +23 +23
37 AlphaQ Advisors LLC 1.49% of their portfolio Winter Park, FL 88,02688.0k $2.0m $2.0m 1.49% Added +1.0k +1,000
38 Atria Wealth Solutions, Inc. 0.03% of their portfolio NEW YORK, NY 86,90486.9k $2.0m $2.0m 0.03% Added +4.7k +4,748
39 My Personal CFO, LLC 1.49% of their portfolio VANCOUVER, WA 83,02783.0k $1.9m $1.9m 1.49% Added +21 +21
40 Arrow Investment Advisors, LLC 1.42% of their portfolio LAUREL, MD 78,56478.6k $1.8m $1.8m 1.42% Reduced -2.2k -2,162
41 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 78,32078.3k $1.8m $1.8m 0.02% Added +7.6k +7,620
42 Castle Rock Wealth Management, LLC 0.61% of their portfolio WALNUT CREEK, CA 77,74477.7k $1.8m $1.8m 0.61% Reduced -6.5k -6,540
43 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 74,94974.9k $1.7m $1.7m 0.00% Reduced -18.5k -18,533
44 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 73,54573.5k $1.7m $1.7m 0.00% Reduced -28.3k -28,252
45 Laird Norton Wetherby Trust Company, LLC 0.20% of their portfolio Seattle, WA 72,52272.5k $1.7m $1.7m 0.20% Reduced -1.3k -1,254
46 CW Advisors, LLC 0.04% of their portfolio BOSTON, MA 70,00070.0k $1.6m $1.6m 0.04% Unchanged
47 HANCOCK WHITNEY CORP 0.06% of their portfolio GULFPORT, MS 63,89863.9k $1.5m $1.5m 0.06% Added +273 +273
48 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 63,45563.5k $1.5m $1.5m 0.00% Reduced -6.2k -6,193
49 Apollon Wealth Management, LLC 0.07% of their portfolio MOUNT PLEASANT, SC 61,86361.9k $1.4m $1.4m 0.07% Reduced -6.4k -6,416
50 TOWNSQUARE CAPITAL LLC 0.02% of their portfolio Lehi, UT 58,20758.2k $1.3m $1.3m 0.02% Added +12.5k +12,458
51 Stone Summit Wealth LLC 0.55% of their portfolio MIAMI, FL 57,87557.9k $1.3m $1.3m 0.55% Reduced -1.4k -1,405
52 Smallwood Wealth Investment Management, LLC 1.18% of their portfolio RED BANK, NJ 57,64257.6k $1.3m $1.3m 1.18% Reduced -388 -388
53 Kepos Capital LP 0.24% of their portfolio NEW YORK, NY 56,58756.6k $1.3m $1.3m 0.24% First filing
54 Veritable, L.P. 0.02% of their portfolio Newtown Square, PA 54,27554.3k $1.2m $1.2m 0.02% Unchanged
55 Greytown Advisors Inc. 0.66% of their portfolio MIAMI, FL 52,73352.7k $1.2m $1.2m 0.66% Unchanged
56 Regal Investment Advisors LLC 0.10% of their portfolio KENTWOOD, MI 52,53952.5k $1.2m $1.2m 0.10% Reduced -2.1k -2,072
57 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 45,02045.0k $1.0m $1.0m 0.00% Reduced -76 -76
58 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 42,93842.9k $983.7k $983.7k 0.03% Added +4.0k +4,041
59 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 42,08742.1k $964.2k $964.2k 0.00% Reduced -5.3k -5,303
60 Truepoint, Inc. 0.03% of their portfolio CINCINNATI, OH 41,68341.7k $954.9k $954.9k 0.03% Added +747 +747
61 TWO SIGMA SECURITIES, LLC 0.07% of their portfolio NEW YORK, NY 39,86139.9k $913.2k $913.2k 0.07% Reduced -878 -878
62 Keudell/Morrison Wealth Management 0.26% of their portfolio Salem, OR 38,62038.6k $884.8k $884.8k 0.26% Reduced -1.2k -1,178
63 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 37,18037.2k $851.9k $851.9k 0.00% Reduced -323 -323
64 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 36,51636.5k $836.6k $836.6k 0.00% Added +1.3k +1,303
65 SALEM INVESTMENT COUNSELORS INC 0.03% of their portfolio WINSTON-SALEM, NC 33,01533.0k $756.4k $756.4k 0.03% Added +400 +400
66 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 29,62529.6k $678.7k $678.7k 0.01% Added +4.0k +4,000
67 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 29,25129.3k $670.1k $670.1k 0.01% Added +395 +395
68 WINTRUST INVESTMENTS LLC 0.07% of their portfolio CHICAGO, IL 27,90027.9k $639.0k $639.0k 0.07% New
69 FLAGSTAR SECURITIES, INC 0.24% of their portfolio New York, NY 27,50327.5k $630.1k $630.1k 0.24% Reduced -282 -282
70 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 27,19027.2k $622.9k $622.9k 0.00% First filing
71 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 26,70126.7k $612.0k $612.0k 0.00% Added +376 +376
72 Tranquility Partners, LLC 0.26% of their portfolio Brentwood, TN 26,68026.7k $611.2k $611.2k 0.26% Reduced -45 -45
73 Arete Wealth Advisors, LLC 0.05% of their portfolio CHICAGO, IL 26,64726.6k $610.0k $610.0k 0.05% Unchanged
74 Edge Capital Group, LLC 0.03% of their portfolio ATLANTA, GA 26,04226.0k $596.6k $596.6k 0.03% Unchanged
75 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 24,92224.9k $620.4k $620.4k 0.01% Added +12.3k +12,261
76 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 24,65224.7k $565.0k $565.0k 0.00% Reduced -7.1k -7,056
77 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 24,39324.4k $558.8k $558.8k 0.00% Added +2.0k +2,005
78 RFG Advisory, LLC 0.02% of their portfolio BIRMINGHAM, AL 24,18924.2k $554.2k $554.2k 0.02% Reduced -207 -207
79 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 24,12824.1k $554.0k $554.0k 0.00% Added +1.1k +1,141
80 Curi Capital, LLC 0.02% of their portfolio CHICAGO, IL 23,37523.4k $535.5k $535.5k 0.02% Unchanged
81 EVOKE WEALTH, LLC 0.02% of their portfolio Los Angeles, CA 22,93722.9k $525.5k $525.5k 0.02% Reduced -3.8k -3,769
82 Fiduciary Group, LLC 0.06% of their portfolio SAVANNAH, GA 21,40021.4k $490.3k $490.3k 0.06% Unchanged
83 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 19,34719.3k $443.0k $443.0k 0.00% Added +4 +4
84 Annandale Capital, LLC 0.12% of their portfolio DALLAS, TX 18,80018.8k $431.0k $431.0k 0.12% Reduced -3.3k -3,300
85 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 18,33218.3k $420.0k $420.0k 0.00% Added +3.2k +3,201
86 AXS Investments LLC 0.11% of their portfolio PORT CHESTER, NY 18,00018.0k $412.4k $412.4k 0.11% New
87 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 17,85817.9k $409.1k $409.1k 0.00% Added +8 +8
88 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 17,03517.0k $390.3k $390.3k 0.00% Added +6 +6
89 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 16,53216.5k $378.7k $378.7k 0.01% Unchanged
90 Keel Point, LLC 0.05% of their portfolio HUNTSVILLE, AL 16,28116.3k $373.0k $373.0k 0.05% Reduced -20.6k -20,615
91 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.02% of their portfolio RICHMOND, VA 15,92515.9k $364.8k $364.8k 0.02% Reduced -200 -200
92 MGO ONE SEVEN LLC 0.03% of their portfolio Beachwood, OH 15,78615.8k $361.7k $361.7k 0.03% Reduced -235 -235
93 Coastwise Capital Group, LLC 0.40% of their portfolio LA JOLLA, CA 15,33715.3k $351.4k $351.4k 0.40% Added +81 +81
94 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 15,03215.0k $344.0k $344.0k 0.00% Reduced -670 -670
95 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 14,53514.5k $333.0k $333.0k 0.00% Added +321 +321
96 Independence Bank of Kentucky 0.13% of their portfolio OWENSBORO, KY 14,00014.0k $320.7k $320.7k 0.13% Unchanged
97 WOLVERINE TRADING, LLC 0.00% of their portfolio CHICAGO, IL 13,76813.8k $314.7k $314.7k 0.00% New
98 DIVERSIFIED TRUST CO 0.01% of their portfolio MEMPHIS, TN 12,85312.9k $294.5k $294.5k 0.01% Unchanged
99 CENTAURUS FINANCIAL, INC. 0.03% of their portfolio ANAHEIM, CA 12,56512.6k $288.0k $288.0k 0.03% New
100 GRAYBILL WEALTH MANAGEMENT, LTD. 0.14% of their portfolio ELMHURST, IL 12,42912.4k $284.7k $284.7k 0.14% Reduced -1.9k -1,866