Vault-13

J P MORGAN EXCHANGE TRADED F BBEU

BETABUILDERS EUR · ETP · CUSIP 46641Q191

190 institutional holders +43 vs Q3 2025
99,265,64299.3m shares reported held*
$7.3bnreported value*
48 new 56 added 28 reduced 15 sold out net bought ≈ $1.5bn (+20.9m 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 ($2.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.30.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 85Q4 22: 91Q1 23: 103Q2 23: 111Q3 23: 114Q4 23: 132Q1 24: 125Q2 24: 127Q3 24: 136Q4 24: 144Q1 25: 141Q2 25: 154Q3 25: 147Q4 25: 190190Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202285
Q4 202291
Q1 2023103
Q2 2023111
Q3 2023114
Q4 2023132
Q1 2024125
Q2 2024127
Q3 2024136
Q4 2024144
Q1 2025141
Q2 2025154
Q3 2025147
Q4 2025190

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 54 bought or addedQ1 24: 66 cut or sold outQ2 24: 58 bought or addedQ2 24: 55 cut or sold outQ2 24Q3 24: 60 bought or addedQ3 24: 62 cut or sold outQ4 24: 50 bought or addedQ4 24: 72 cut or sold outQ4 24Q1 25: 65 bought or addedQ1 25: 62 cut or sold outQ2 25: 78 bought or addedQ2 25: 53 cut or sold outQ2 25Q3 25: 65 bought or addedQ3 25: 55 cut or sold outQ4 25: 104 bought or addedQ4 25: 43 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245466
Q2 20245855
Q3 20246062
Q4 20245072
Q1 20256562
Q2 20257853
Q3 20256555
Q4 202510443

Calls vs puts

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

CallsPuts
$0$5k$10k$15k$20kQ1 25 calls: $18.5kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$18.5k$00.00
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +21,045,622+21.0m
JANE STREET GROUP, LLC Added +707,519+707.5k
Permanens Capital L.P. Added +554,518+554.5k
NORTHERN TRUST CORP Added +73,765+73.8k
CITADEL ADVISORS LLC Added +59,054+59.1k
Elm Partners Management LLC Added +55,283+55.3k
Curbstone Financial Management Corp Added +33,150+33.1k
Rockefeller Capital Management L.P. Added +29,231+29.2k
LPL Financial LLC Added +28,312+28.3k
Focus Partners Wealth New +27,564+27.6k

Biggest sellers

Provida Pension Fund Administrator Reduced -980,090-980.1k
BANK OF AMERICA CORP /DE/ Reduced -469,258-469.3k
Arax Advisory Partners Reduced -93,305-93.3k
Kingsview Wealth Management, LLC Sold out -80,050-80.0k
OLD MISSION CAPITAL LLC Sold out -79,298-79.3k
Bank of New York Mellon Corp Sold out -76,373-76.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -37,552-37.6k
MORGAN STANLEY Reduced -34,131-34.1k
Horizon Investments, LLC Reduced -31,294-31.3k
NorthCoast Asset Management LLC Sold out -25,104-25.1k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.45% of their portfolio NEW YORK, NY 91,996,90292.0m $6.7bn $6.7bn 0.45% Added +21.0m +21,045,622
2 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 1,165,3481.2m $85.4m $85.4m 0.10% Added +707.5k +707,519
3 Permanens Capital L.P. 5.36% of their portfolio NEW YORK, NY 560,278560.3k $41.1m $41.1m 5.36% Added +554.5k +554,518
4 Elm Partners Management LLC 1.85% of their portfolio Philadelphia, PA 556,073556.1k $40.8m $40.8m 1.85% Added +55.3k +55,283
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 513,763513.8k $37.7m $37.7m 0.00% Reduced -469.3k -469,258
6 Legacy CG, LLC 8.64% of their portfolio PLANO, TX 421,130421.1k $30.9m $30.9m 8.64% Added +12.3k +12,283
7 GREENWOOD CAPITAL ASSOCIATES LLC 3.01% of their portfolio GREENWOOD, SC 378,649378.6k $27.8m $27.8m 3.01% Added +15.8k +15,752
8 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 369,495369.5k $27.1m $27.1m 0.00% Reduced -34.1k -34,131
9 Horizon Investments, LLC 0.31% of their portfolio Charlotte, NC 333,250333.2k $24.4m $24.4m 0.31% Reduced -31.3k -31,294
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 248,476248.5k $18.2m $18.2m 0.00% Added +28.3k +28,312
11 Arvest Bank Trust Division 0.92% of their portfolio DEWEY, OK 232,681232.7k $17.1m $17.1m 0.92% Reduced -2.8k -2,779
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 229,736229.7k $16.8m $16.8m 0.00% Added +6.4k +6,371
13 Provida Pension Fund Administrator 0.20% of their portfolio LAS CONDES, SANTIAGO, F3 159,634159.6k $11.7m $11.7m 0.20% Reduced -980.1k -980,090
14 Robertson Stephens Wealth Management, LLC 0.27% of their portfolio San Francisco, CA 132,352132.4k $9.7m $9.7m 0.27% Reduced -1.0k -1,009
15 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.07% of their portfolio Madrid, U3 127,967128.0k $9.4m $9.4m 0.07% Reduced -10.3k -10,312
16 1 NORTH WEALTH SERVICES LLC 3.00% of their portfolio ANNAPOLIS, MD 116,368116.4k $8.5m $8.5m 3.00% Added +6.9k +6,910
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 78,16178.2k $5.7m $5.7m 0.00% Added +73.8k +73,765
18 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 72,86872.9k $5.3m $5.3m 0.00% Added +59.1k +59,054
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 66,86866.9k $4.9m $4.9m 0.00% Added +1.5k +1,515
20 Curbstone Financial Management Corp 0.88% of their portfolio MANCHESTER, NH 62,83062.8k $4.6m $4.6m 0.88% Added +33.1k +33,150
21 Dorsey & Whitney Trust CO LLC 0.22% of their portfolio SIOUX FALLS, SD 57,54457.5k $4.2m $4.2m 0.22% Added +6.0k +5,996
22 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 52,82452.8k $3.9m $3.9m 0.01% Added +7.7k +7,681
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 50,99451.0k $3.7m $3.7m 0.00% Reduced -4.5k -4,540
24 Secure Asset Management, LLC 0.58% of their portfolio Troy, MI 50,36950.4k $3.7m $3.7m 0.58% Added +2.0k +1,960
25 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 1.75% of their portfolio SALINE, MI 44,16644.2k $3.2m $3.2m 1.75% Added +1.9k +1,926
26 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 43,77143.8k $3.2m $3.2m 0.01% Added +5.3k +5,304
27 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 41,52841.5k $3.0m $3.0m 0.01% Reduced -1.7k -1,709
28 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 41,17741.2k $3.0m $3.0m 0.01% Added +29.2k +29,231
29 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 39,36939.4k $2.9m $2.9m 0.00% Reduced -421 -421
30 BRANDYWINE OAK PRIVATE WEALTH LLC 0.21% of their portfolio Kennett Square, PA 34,52834.5k $2.5m $2.5m 0.21% Reduced -58 -58
31 ATLAS CAPITAL ADVISORS INC. 0.27% of their portfolio JACKSON, WY 32,83232.8k $2.4m $2.4m 0.27% First filing
32 OLD NATIONAL BANCORP /IN/ 0.04% of their portfolio EVANSVILLE, IN 32,55732.6k $2.4m $2.4m 0.04% Added +50 +50
33 Evansbrook LLC 1.54% of their portfolio BOLINGBROOK, IL 31,43031.4k $2.3m $2.3m 1.54% First filing
34 Nolet Wealth Management, LLC 1.24% of their portfolio FORT WORTH, TX 30,26530.3k $2.2m $2.2m 1.24% First filing
35 Keel Point, LLC 0.13% of their portfolio HUNTSVILLE, AL 29,15329.2k $2.1m $2.1m 0.13% Unchanged
36 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 27,56427.6k $2.0m $2.0m 0.00% New
37 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 26,24326.2k $1.9m $1.9m 0.01% Added +5.8k +5,800
38 KELLY FINANCIAL GROUP LLC 0.47% of their portfolio Wethersfield, CT 25,02225.0k $1.8m $1.8m 0.47% Reduced -20 -20
39 FOUNDERS FINANCIAL SECURITIES LLC 0.11% of their portfolio TOWSON, MD 25,01725.0k $1.8m $1.8m 0.11% Added +632 +632
40 PGIM Custom Harvest LLC 0.03% of their portfolio NEWARK, NJ 24,78824.8k $1.8m $1.8m 0.03% Added +3.8k +3,826
41 Vestmark Advisory Solutions, Inc. 0.02% of their portfolio Wakefield, MA 24,35024.4k $1.8m $1.8m 0.02% Added +1.4k +1,373
42 AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 1.05% of their portfolio HINGHAM, MA 23,74623.7k $1.8m $1.8m 1.05% Reduced -1.5k -1,470
43 Perigon Wealth Management, LLC 0.03% of their portfolio SAN FRANCISCO, CA 23,03223.0k $1.7m $1.7m 0.03% Reduced -524 -524
44 Breakwater Investment Management 0.58% of their portfolio SEATTLE, WA 22,02222.0k $1.6m $1.6m 0.58% Added +816 +816
45 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 21,77921.8k $1.6m $1.6m 0.01% Unchanged
46 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 21,59821.6k $1.6m $1.6m 0.00% Added +82 +82
47 MN Wealth Advisors, LLC 0.74% of their portfolio OVERLAND PARK, KS 20,05420.1k $1.5m $1.5m 0.74% Reduced -241 -241
48 GenTrust, LLC 0.06% of their portfolio MIAMI, FL 19,02519.0k $1.4m $1.4m 0.06% Unchanged
49 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 17,15217.2k $1.3m $1.3m 0.00% Added +9.6k +9,606
50 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 16,33416.3k $1.2m $1.2m 0.00% New
51 FMR LLC 0.00% of their portfolio BOSTON, MA 16,15916.2k $1.2m $1.2m 0.00% Added +599 +599
52 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 15,60015.6k $1.1m $1.1m 0.00% Added +12.4k +12,359
53 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 15,43615.4k $1.1m $1.1m 0.00% Added +3.5k +3,460
54 COMERICA BANK 0.00% of their portfolio DALLAS, TX 15,38715.4k $1.1m $1.1m 0.00% Reduced -5.0k -4,962
55 Mariner, LLC 0.00% of their portfolio Overland Park, KS 13,63513.6k $999.5k $999.5k 0.00% Added +732 +732
56 CHOREO, LLC 0.01% of their portfolio ROCKFORD, IL 13,26713.3k $976.2k $976.2k 0.01% Added +9.1k +9,056
57 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 11,70511.7k $857.9k $857.9k 0.00% Added +3.4k +3,446
58 BANK OF NOVA SCOTIA 0.00% of their portfolio TORONTO, A6 11,60511.6k $850.6k $850.6k 0.00% Unchanged
59 Prime Capital Investment Advisors, LLC 0.01% of their portfolio OVERLAND PARK, KS 11,55511.6k $847.0k $847.0k 0.01% Unchanged
60 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 11,43411.4k $838.1k $838.1k 0.00% Added +246 +246
61 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,37211.4k $833.6k $833.6k 0.00% Added +629 +629
62 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 10,83910.8k $794.5k $794.5k 0.02% Added +1.9k +1,903
63 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 10,77610.8k $789.9k $789.9k 0.00% Unchanged
64 Yoffe Investment Management, LLC 1.00% of their portfolio LEMOYNE, PA 10,64210.6k $780.1k $780.1k 1.00% Unchanged
65 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 10,17610.2k $745.9k $745.9k 0.00% New
66 SENTINEL TRUST CO LBA 0.07% of their portfolio HOUSTON, TX 9,0219.0k $661.0k $661.0k 0.07% Unchanged
67 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 8,6918.7k $637.0k $637.0k 0.01% Unchanged
68 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 8,4688.5k $620.0k $620.0k 0.00% Reduced -1.1k -1,088
69 Caprock Group, LLC 0.01% of their portfolio BOISE, ID 8,3508.3k $612.1k $612.1k 0.01% Added +167 +167
70 LAKE STREET PRIVATE WEALTH, LLC 0.07% of their portfolio CHICAGO, IL 7,9808.0k $584.9k $584.9k 0.07% Reduced -154 -154
71 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 7,8287.8k $573.8k $573.8k 0.00% Added +2.4k +2,392
72 Crewe Advisors LLC 0.05% of their portfolio SALT LAKE CITY, UT 7,2497.2k $531.4k $531.4k 0.05% Unchanged
73 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 7,0927.1k $519.9k $519.9k 0.00% New
74 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 7,0487.0k $516.6k $516.6k 0.01% New
75 EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio Bellevue, WA 7,0207.0k $514.6k $514.6k 0.01% New
76 Mechanics Bank Trust Department 0.07% of their portfolio Walnut Creek, CA 6,9697.0k $510.8k $510.8k 0.07% Unchanged
77 Inscription Capital, LLC 0.05% of their portfolio HOUSTON, TX 6,8196.8k $499.8k $499.8k 0.05% Unchanged
78 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 6,8176.8k $499.7k $499.7k 0.00% Added +1.9k +1,923
79 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 6,7466.7k $494.5k $494.5k 0.00% Added +1.1k +1,069
80 Cedarwood Wealth LLC 0.57% of their portfolio HIGHLANDS RANCH, CO 6,6796.7k $511.3k $511.3k 0.57% First filing
81 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 6,6416.6k $486.8k $486.8k 0.00% New
82 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 6,5786.6k $482.2k $482.2k 0.00% Reduced -192 -192
83 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 6,5136.5k $477.4k $477.4k 0.00% Reduced -4.5k -4,528
84 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 6,4386.4k $471.9k $471.9k 0.00% New
85 CERTUITY, LLC 0.03% of their portfolio NORTH PALM BEACH, FL 6,4016.4k $469.2k $469.2k 0.03% New
86 Icon Wealth Advisors, LLC 0.03% of their portfolio HOUSTON, TX 6,3086.3k $462.4k $462.4k 0.03% New
87 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio AUSTIN, TX 6,0736.1k $445.1k $445.1k 0.01% Added +424 +424
88 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 5,6985.7k $417.7k $417.7k 0.00% Added +17 +17
89 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 5,6685.7k $415.4k $415.4k 0.00% Added +2 +2
90 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 5,5835.6k $409.3k $409.3k 0.00% Added +859 +859
91 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,0115.0k $367.3k $367.3k 0.00% Added +363 +363
92 SAPIENT CAPITAL LLC 0.01% of their portfolio INDIANAPOLIS, IN 4,9695.0k $365.6k $365.6k 0.01% Unchanged
93 Tranquilli Financial Advisor LLC 0.20% of their portfolio Clinton, NJ 4,7974.8k $351.6k $351.6k 0.20% Reduced -40 -40
94 GreatBanc Trust CO 0.24% of their portfolio LISLE, IL 4,6234.6k $338.9k $338.9k 0.24% Unchanged
95 Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio Ramat Gan, L3 4,5004.5k $330.0k $330.0k 0.00% Unchanged
96 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 4,4514.5k $326.3k $326.3k 0.00% Reduced -37.6k -37,552
97 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 4,3924.4k $321.9k $321.9k 0.01% Added +38 +38
98 BEACON ADVISORS HOLDINGS, LLC 0.17% of their portfolio AUSTIN, TX 4,3554.4k $319.3k $319.3k 0.17% First filing
99 Morton Capital Management LLC/CA 0.05% of their portfolio CALABASAS, CA 4,2904.3k $314.5k $314.5k 0.05% New
100 FSM Wealth Advisors, LLC 0.04% of their portfolio CLEVELAND, OH 4,2674.3k $312.8k $312.8k 0.04% New