Vault-13

J P MORGAN EXCHANGE TRADED F BBJP

BETABULDRS JAPAN · ETP · CUSIP 46641Q217

270 institutional holders +29 vs Q3 2025
154,737,711154.7m shares reported held*
$10.2bnreported value*
39 new 101 added 54 reduced 24 sold out net sold ≈ $8.8bn (-133.9m 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 ($2.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $65.91.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 130Q4 22: 147Q1 23: 155Q2 23: 182Q3 23: 198Q4 23: 219Q1 24: 247Q2 24: 245Q3 24: 210Q4 24: 208Q1 25: 211Q2 25: 227Q3 25: 241Q4 25: 270270Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022130
Q4 2022147
Q1 2023155
Q2 2023182
Q3 2023198
Q4 2023219
Q1 2024247
Q2 2024245
Q3 2024210
Q4 2024208
Q1 2025211
Q2 2025227
Q3 2025241
Q4 2025270

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 122 bought or addedQ1 24: 109 cut or sold outQ2 24: 115 bought or addedQ2 24: 113 cut or sold outQ2 24Q3 24: 84 bought or addedQ3 24: 145 cut or sold outQ4 24: 78 bought or addedQ4 24: 114 cut or sold outQ4 24Q1 25: 86 bought or addedQ1 25: 100 cut or sold outQ2 25: 114 bought or addedQ2 25: 96 cut or sold outQ2 25Q3 25: 117 bought or addedQ3 25: 91 cut or sold outQ4 25: 140 bought or addedQ4 25: 78 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024122109
Q2 2024115113
Q3 202484145
Q4 202478114
Q1 202586100
Q2 202511496
Q3 202511791
Q4 202514078

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ1 25 calls: $61.7kQ1 25 puts: $56.1kQ1 25P/C 0.91Q2 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$61.7k$56.1k0.91
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

FLOW TRADERS U.S. LLC New +1,183,979+1.2m
1607 Capital Partners, LLC Added +980,237+980.2k
ALLIANCEBERNSTEIN L.P. Added +735,222+735.2k
Quadrature Capital Ltd Added +487,329+487.3k
3EDGE Asset Management, LP Added +330,376+330.4k
GOLDMAN SACHS GROUP INC New +133,715+133.7k
Rockefeller Capital Management L.P. Added +111,154+111.2k
MORGAN STANLEY Added +44,126+44.1k
Corient Private Wealth LP Added +42,669+42.7k
Provida Pension Fund Administrator Added +41,355+41.4k

Biggest sellers

JPMORGAN CHASE & CO Reduced -135,756,830-135.8m
CITADEL ADVISORS LLC Reduced -1,025,647-1.0m
AIA Group Ltd Reduced -818,900-818.9k
BANK OF AMERICA CORP /DE/ Reduced -229,898-229.9k
AMERIPRISE FINANCIAL INC Reduced -158,293-158.3k
BANK OF NOVA SCOTIA Reduced -123,000-123.0k
ASSETMARK, INC Reduced -98,808-98.8k
OLD MISSION CAPITAL LLC Sold out -76,543-76.5k
Allspring Global Investments Holdings, LLC Sold out -56,000-56.0k
D. E. Shaw & Co., Inc. Reduced -30,210-30.2k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.61% of their portfolio NEW YORK, NY 137,080,238137.1m $9.0bn $9.0bn 0.61% Reduced -135.8m -135,756,830
2 3EDGE Asset Management, LP 7.59% of their portfolio Naples, FL 2,218,2892.2m $146.3m $146.3m 7.59% Added +330.4k +330,376
3 1607 Capital Partners, LLC 7.61% of their portfolio Richmond, VA 1,693,8821.7m $111.6m $111.6m 7.61% Added +980.2k +980,237
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,365,2371.4m $90.0m $90.0m 0.01% Added +44.1k +44,126
5 FLOW TRADERS U.S. LLC 2.56% of their portfolio NEW YORK, NY 1,183,9791.2m $78.0m $78.0m 2.56% New
6 Provida Pension Fund Administrator 1.30% of their portfolio LAS CONDES, SANTIAGO, F3 1,141,9481.1m $75.3m $75.3m 1.30% Added +41.4k +41,355
7 Korea Investment CORP 0.11% of their portfolio SEOUL, M5 814,200814.2k $53.7m $53.7m 0.11% Unchanged
8 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 811,017811.0k $53.5m $53.5m 0.02% Added +735.2k +735,222
9 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 778,232778.2k $51.3m $51.3m 0.06% Added +10.5k +10,483
10 Mirae Asset Global Investments Co., Ltd. 0.12% of their portfolio SEOUL, M5 643,589643.6k $42.4m $42.4m 0.12% Reduced -10.2k -10,241
11 Quadrature Capital Ltd 0.36% of their portfolio LONDON, X0 536,708536.7k $35.4m $35.4m 0.36% Added +487.3k +487,329
12 SOUTHERN FARM BUREAU LIFE INSURANCE 2.61% of their portfolio JACKSON, MS 384,185384.2k $25.3m $25.3m 2.61% Unchanged
13 SENTINEL TRUST CO LBA 1.95% of their portfolio HOUSTON, TX 300,800300.8k $19.8m $19.8m 1.95% Unchanged
14 Karpus Management, Inc. 0.46% of their portfolio Pittsford, NY 226,543226.5k $14.9m $14.9m 0.46% Reduced -3.1k -3,138
15 Avidian Wealth Enterprises, LLC 0.51% of their portfolio Houston, TX 213,421213.4k $14.1m $14.1m 0.51% Added +7.8k +7,779
16 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 198,580198.6k $13.1m $13.1m 0.03% Added +32.3k +32,255
17 Jacobi Capital Management LLC 0.75% of their portfolio PITTSTON, PA 196,471196.5k $12.9m $12.9m 0.75% Added +12.6k +12,639
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 190,658190.7k $12.6m $12.6m 0.00% Reduced -229.9k -229,898
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 182,565182.6k $12.0m $12.0m 0.00% Added +30.5k +30,540
20 Summit Trail Advisors, LLC 0.20% of their portfolio NEW YORK, NY 177,475177.5k $11.7m $11.7m 0.20% Reduced -17.8k -17,777
21 Eldridge Investment Advisors, Inc. 2.57% of their portfolio MANCHESTER, NH 177,006177.0k $11.7m $11.7m 2.57% Added +2.6k +2,586
22 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 154,100154.1k $10.2m $10.2m 0.00% Added +14.1k +14,125
23 Birch Hill Investment Advisors LLC 0.41% of their portfolio Boston, MA 149,681149.7k $9.9m $9.9m 0.41% Added +4.5k +4,510
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 133,715133.7k $8.8m $8.8m 0.00% New
25 PGIM Custom Harvest LLC 0.13% of their portfolio NEWARK, NJ 133,588133.6k $8.8m $8.8m 0.13% Added +4.9k +4,886
26 Rockefeller Capital Management L.P. 0.02% of their portfolio NEW YORK, NY 132,276132.3k $8.7m $8.7m 0.02% Added +111.2k +111,154
27 New Vernon Capital Holdings II LLC 3.84% of their portfolio Morristown, NJ 122,763122.8k $8.1m $8.1m 3.84% Unchanged
28 BESSEMER GROUP INC 0.01% of their portfolio WOODBRIDGE, NJ 116,657116.7k $7.7m $7.7m 0.01% Added +109 +109
29 Keel Point, LLC 0.45% of their portfolio HUNTSVILLE, AL 113,270113.3k $7.5m $7.5m 0.45% Unchanged
30 GTS SECURITIES LLC 0.24% of their portfolio NEW YORK, NY 107,023107.0k $7.1m $7.1m 0.24% Added +13.2k +13,178
31 BigSur Wealth Management LLC 1.66% of their portfolio MIAMI, FL 103,955104.0k $6.9m $6.9m 1.66% Added +3.9k +3,865
32 CVA Family Office, LLC 0.77% of their portfolio DENVER, CO 101,073101.1k $6.7m $6.7m 0.77% Added +1.8k +1,827
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 94,93294.9k $6.3m $6.3m 0.00% Reduced -158.3k -158,293
34 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 82,93882.9k $5.5m $5.5m 0.00% Added +42.7k +42,669
35 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 81,80781.8k $5.4m $5.4m 0.01% Added +2.0k +1,981
36 Alliance Wealth Advisors, LLC /UT 1.12% of their portfolio Centerville, UT 78,53078.5k $5.2m $5.2m 1.12% Reduced -8.3k -8,269
37 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 78,51978.5k $5.2m $5.2m 0.00% Reduced -28.9k -28,852
38 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 76,94776.9k $5.1m $5.1m 0.00% Reduced -1.0k -1,021
39 Clear Harbor Asset Management, LLC 0.33% of their portfolio Stamford, CT 73,94073.9k $4.9m $4.9m 0.33% Added +2.7k +2,685
40 BANK OF NOVA SCOTIA 0.01% of their portfolio TORONTO, A6 71,70071.7k $4.7m $4.7m 0.01% Reduced -123.0k -123,000
41 Portside Wealth Group, LLC 0.64% of their portfolio Provo, UT 71,27171.3k $4.7m $4.7m 0.64% Added +19.0k +19,010
42 Focus Financial Network, Inc. 0.15% of their portfolio MINNEAPOLIS, MN 64,90464.9k $4.3m $4.3m 0.15% Added +4.7k +4,732
43 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 61,51461.5k $4.1m $4.1m 0.01% Added +2.3k +2,287
44 Mount Lucas Management LP 1.71% of their portfolio Newtown, PA 58,73458.7k $3.9m $3.9m 1.71% Added +1.9k +1,860
45 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 57,16457.2k $3.8m $3.8m 0.01% Added +4.4k +4,351
46 CWM, LLC 0.01% of their portfolio OMAHA, NE 57,10357.1k $3.8m $3.8m 0.01% Reduced -122 -122
47 CERTIOR FINANCIAL GROUP, LLC 2.53% of their portfolio KING OF PRUSSIA, PA 56,35456.4k $3.7m $3.7m 2.53% Added +9.0k +9,000
48 Birnam Oak Advisors, LP 0.81% of their portfolio New York, NY 55,00055.0k $3.6m $3.6m 0.81% Unchanged
49 BLAIR WILLIAM & CO/IL 0.01% of their portfolio CHICAGO, IL 53,45153.5k $3.5m $3.5m 0.01% Added +20.2k +20,194
50 EXENCIAL WEALTH ADVISORS, LLC 0.11% of their portfolio OKLAHOMA CITY, OK 53,14453.1k $3.5m $3.5m 0.11% Added +2.8k +2,751
51 CHOREO, LLC 0.04% of their portfolio ROCKFORD, IL 52,47252.5k $3.5m $3.5m 0.04% Added +1.2k +1,227
52 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 52,38452.4k $3.5m $3.5m 0.00% Added +26.5k +26,464
53 OLD NATIONAL BANCORP /IN/ 0.06% of their portfolio EVANSVILLE, IN 51,96852.0k $3.4m $3.4m 0.06% Reduced -137 -137
54 Evansbrook LLC 2.03% of their portfolio BOLINGBROOK, IL 46,04246.0k $3.0m $3.0m 2.03% First filing
55 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 45,65645.7k $3.0m $3.0m 0.00% Added +7.9k +7,941
56 ACIMA PRIVATE WEALTH, LLC 0.92% of their portfolio RICHMOND, VA 45,00345.0k $3.0m $3.0m 0.92% Reduced -9.3k -9,329
57 Avestar Capital, LLC 0.20% of their portfolio New York, NY 43,53343.5k $2.9m $2.9m 0.20% Unchanged
58 Arete Wealth Advisors, LLC 0.18% of their portfolio CHICAGO, IL 39,10839.1k $2.6m $2.6m 0.18% Added +5.2k +5,244
59 Nolet Wealth Management, LLC 1.29% of their portfolio FORT WORTH, TX 35,24435.2k $2.3m $2.3m 1.29% First filing
60 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 34,47034.5k $2.3m $2.3m 0.00% New
61 SYON CAPITAL LLC 0.11% of their portfolio SAN FRANCISCO, CA 33,71133.7k $2.2m $2.2m 0.11% Added +974 +974
62 Interchange Capital Partners, LLC 0.41% of their portfolio PITTSBURGH, PA 33,46933.5k $2.2m $2.2m 0.41% Reduced -370 -370
63 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 32,93432.9k $2.2m $2.2m 0.00% Added +29.6k +29,557
64 COMERICA BANK 0.01% of their portfolio DALLAS, TX 31,71331.7k $2.1m $2.1m 0.01% Reduced -3.0k -3,040
65 Perigon Wealth Management, LLC 0.03% of their portfolio SAN FRANCISCO, CA 26,11626.1k $1.7m $1.7m 0.03% Reduced -613 -613
66 Wallace Advisory Group, LLC 1.70% of their portfolio LAFAYETTE, CA 24,59524.6k $1.6m $1.6m 1.70% Added +16.9k +16,925
67 Caprock Group, LLC 0.03% of their portfolio BOISE, ID 24,06624.1k $1.6m $1.6m 0.03% Reduced -211 -211
68 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 22,11022.1k $1.5m $1.5m 0.00% Added +17.6k +17,575
69 Wealthfront Advisers LLC 0.00% of their portfolio Palo Alto, CA 21,24421.2k $1.4m $1.4m 0.00% Added +4.3k +4,271
70 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 20,75020.8k $1.4m $1.4m 0.00% Added +4.4k +4,440
71 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 20,72320.7k $1.4m $1.4m 0.00% New
72 FMR LLC 0.00% of their portfolio BOSTON, MA 20,11220.1k $1.3m $1.3m 0.00% Added +2.6k +2,557
73 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 19,80619.8k $1.3m $1.3m 0.00% Added +2.8k +2,755
74 Robertson Stephens Wealth Management, LLC 0.04% of their portfolio San Francisco, CA 19,46719.5k $1.3m $1.3m 0.04% Added +1.9k +1,948
75 Ashton Thomas Private Wealth, LLC 0.03% of their portfolio SCOTTSDALE, AZ 19,17519.2k $1.3m $1.3m 0.03% Added +144 +144
76 Avos Capital Management, LLC 0.54% of their portfolio SEATTLE, WA 18,90818.9k $1.2m $1.2m 0.54% Added +12.3k +12,294
77 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 18,04318.0k $1.2m $1.2m 0.00% Added +6.6k +6,583
78 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 17,58317.6k $1.2m $1.2m 0.00% Added +2.2k +2,223
79 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 17,20117.2k $1.1m $1.1m 0.01% Reduced -4.8k -4,804
80 AIA Group Ltd 0.02% of their portfolio HONG KONG, K3 16,74516.7k $1.1m $1.1m 0.02% Reduced -818.9k -818,900
81 Ballentine Partners, LLC 0.02% of their portfolio Waltham, MA 16,55516.6k $1.1m $1.1m 0.02% Added +1.6k +1,595
82 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 16,30016.3k $1.1m $1.1m 0.00% Added +588 +588
83 QUADRANT CAPITAL GROUP LLC 0.03% of their portfolio CINCINNATI, OH 15,50315.5k $1.0m $1.0m 0.03% Reduced -517 -517
84 Dorsey & Whitney Trust CO LLC 0.05% of their portfolio SIOUX FALLS, SD 14,97415.0k $986.9k $986.9k 0.05% Reduced -1.0k -1,034
85 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 14,37414.4k $947.4k $947.4k 0.00% Reduced -59 -59
86 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 14,19914.2k $935.8k $935.8k 0.00% Reduced -98.8k -98,808
87 NORDEN GROUP LLC 0.09% of their portfolio PROVO, UT 14,14014.1k $932.0k $932.0k 0.09% Added +1.6k +1,647
88 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 14,11014.1k $930.0k $930.0k 0.00% Reduced -109 -109
89 Prosperity Consulting Group, LLC 0.04% of their portfolio OWINGS MILLS, MD 14,03414.0k $925.0k $925.0k 0.04% Added +173 +173
90 BASSO CAPITAL MANAGEMENT, L.P. 0.55% of their portfolio STAMFORD, CT 13,94513.9k $919.1k $919.1k 0.55% Added +7.1k +7,055
91 Cloud Capital Management, LLC 0.43% of their portfolio SEATTLE, WA 13,72313.7k $904.0k $904.0k 0.43% Unchanged
92 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 13,11113.1k $864.1k $864.1k 0.00% Added +498 +498
93 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 12,25512.3k $807.7k $807.7k 0.00% Added +3.8k +3,803
94 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 11,93711.9k $786.8k $786.8k 0.00% Added +8.9k +8,903
95 Retirement Planning Group, LLC 0.03% of their portfolio LEAWOOD, KS 11,69111.7k $770.6k $770.6k 0.03% Added +185 +185
96 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 11,44511.4k $754.4k $754.4k 0.02% Reduced -295 -295
97 Icon Wealth Advisors, LLC 0.05% of their portfolio HOUSTON, TX 11,39611.4k $751.1k $751.1k 0.05% Added +16 +16
98 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 11,39111.4k $750.8k $750.8k 0.00% Unchanged
99 Financial Network Wealth Advisors LLC 0.76% of their portfolio MURRAY, UT 11,13711.1k $734.0k $734.0k 0.76% Added +2.6k +2,615
100 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 10,75710.8k $709.0k $709.0k 0.00% Added +811 +811