Vault-13

J P MORGAN EXCHANGE TRADED F BBCA

BETABUILDERS CDA · ETP · CUSIP 46641Q225

208 institutional holders -4 vs Q2 2025
156,128,365156.1m shares reported held*
$13.6bnreported value*
24 new 67 added 53 reduced 25 sold out net bought ≈ $6.3bn (+72.6m 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 ($5.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $87.23.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 129Q4 22: 137Q1 23: 141Q2 23: 143Q3 23: 151Q4 23: 162Q1 24: 170Q2 24: 175Q3 24: 195Q4 24: 204Q1 25: 183Q2 25: 212Q3 25: 208208Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022129
Q4 2022137
Q1 2023141
Q2 2023143
Q3 2023151
Q4 2023162
Q1 2024170
Q2 2024175
Q3 2024195
Q4 2024204
Q1 2025183
Q2 2025212
Q3 2025208

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 77 bought or addedQ4 23: 73 cut or sold outQ1 24: 82 bought or addedQ1 24: 68 cut or sold outQ1 24Q2 24: 73 bought or addedQ2 24: 78 cut or sold outQ3 24: 95 bought or addedQ3 24: 78 cut or sold outQ3 24Q4 24: 80 bought or addedQ4 24: 77 cut or sold outQ1 25: 63 bought or addedQ1 25: 101 cut or sold outQ1 25Q2 25: 88 bought or addedQ2 25: 83 cut or sold outQ3 25: 91 bought or addedQ3 25: 78 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20237773
Q1 20248268
Q2 20247378
Q3 20249578
Q4 20248077
Q1 202563101
Q2 20258883
Q3 20259178

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ4 24 calls: $734.1kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $751.4kQ1 25 puts: $21.5kQ1 25P/C 0.03Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$734.1k$00.00
Q1 2025$751.4k$21.5k0.03
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +72,943,696+72.9m
STRATEGIC INVESTMENT MANAGEMENT, LLC New +224,940+224.9k
JANE STREET GROUP, LLC Added +63,339+63.3k
FLOW TRADERS U.S. LLC Added +45,559+45.6k
OLD MISSION CAPITAL LLC New +38,398+38.4k
HighTower Advisors, LLC Added +30,827+30.8k
GTS SECURITIES LLC New +22,363+22.4k
MORGAN STANLEY Added +19,077+19.1k
FIG FINANCIAL ADVISORY SERVICES INC /ADV New +17,530+17.5k
RiverFront Investment Group, LLC Added +17,328+17.3k

Biggest sellers

AMERIPRISE FINANCIAL INC Reduced -174,635-174.6k
Tradewinds Capital Management, LLC Reduced -156,743-156.7k
Summit Financial, LLC Reduced -115,254-115.3k
ROYAL BANK OF CANADA Reduced -104,518-104.5k
VICTORY CAPITAL MANAGEMENT INC Reduced -86,899-86.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -48,770-48.8k
CITADEL ADVISORS LLC Reduced -48,673-48.7k
Mirae Asset Global Investments Co., Ltd. Reduced -39,709-39.7k
RENAISSANCE TECHNOLOGIES LLC Sold out -22,700-22.7k
ASSETMARK, INC Reduced -21,675-21.7k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.41% of their portfolio NEW YORK, NY 149,169,736149.2m $13.0bn $13.0bn 0.41% Added +72.9m +72,943,696
2 Municipal Employees' Retirement System of Michigan 0.95% of their portfolio LANSING, MI 940,556940.6k $82.0m $82.0m 0.95% Unchanged
3 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 600,291600.3k $52.4m $52.4m 0.03% Reduced -86.9k -86,899
4 ASSETMARK, INC 0.09% of their portfolio CONCORD, CA 507,656507.7k $44.3m $44.3m 0.09% Reduced -21.7k -21,675
5 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 466,781466.8k $40.7m $40.7m 0.01% Added +1.4k +1,442
6 Mirae Asset Global Investments Co., Ltd. 0.12% of their portfolio SEOUL, M5 446,406446.4k $38.9m $38.9m 0.12% Reduced -39.7k -39,709
7 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 420,531420.5k $36.7m $36.7m 0.04% Added +30.8k +30,827
8 RiverFront Investment Group, LLC 0.61% of their portfolio RICHMOND, VA 398,585398.6k $34.6m $34.6m 0.61% Added +17.3k +17,328
9 Elm Partners Management LLC 1.21% of their portfolio Philadelphia, PA 275,880275.9k $24.1m $24.1m 1.21% Added +13.9k +13,884
10 STRATEGIC INVESTMENT MANAGEMENT, LLC 10.61% of their portfolio ARLINGTON, VA 224,940224.9k $19.6m $19.6m 10.61% New
11 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 158,528158.5k $13.8m $13.8m 0.00% Added +7.2k +7,206
12 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 150,580150.6k $13.1m $13.1m 0.00% Added +4.3k +4,308
13 Willis Johnson & Associates, Inc. 0.78% of their portfolio Houston, TX 143,417143.4k $12.5m $12.5m 0.78% Added +9.2k +9,228
14 SPINNAKER TRUST 0.62% of their portfolio PORTLAND, ME 127,452127.5k $11.1m $11.1m 0.62% Added +1.1k +1,139
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 105,206105.2k $9.2m $9.2m 0.00% Reduced -104.5k -104,518
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 102,327102.3k $8.9m $8.9m 0.00% Added +3.8k +3,844
17 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 97,43597.4k $8.5m $8.5m 0.00% Reduced -6.6k -6,608
18 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 95,02895.0k $8.3m $8.3m 0.01% Reduced -3.6k -3,630
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 93,50393.5k $8.2m $8.2m 0.00% Added +4.2k +4,150
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 82,82682.8k $7.2m $7.2m 0.00% Added +19.1k +19,077
21 FLOW TRADERS U.S. LLC 0.29% of their portfolio NEW YORK, NY 80,87080.9k $7.1m $7.1m 0.29% Added +45.6k +45,559
22 PGIM Custom Harvest LLC 0.10% of their portfolio NEWARK, NJ 78,76878.8k $6.9m $6.9m 0.10% Added +912 +912
23 SEGALL BRYANT & HAMILL, LLC 0.09% of their portfolio CHICAGO, IL 76,36776.4k $6.7m $6.7m 0.09% Reduced -4.9k -4,937
24 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 73,06873.1k $6.4m $6.4m 0.01% Added +63.3k +63,339
25 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 67,57267.6k $5.9m $5.9m 0.01% Added +925 +925
26 Keel Point, LLC 0.34% of their portfolio HUNTSVILLE, AL 63,56063.6k $5.5m $5.5m 0.34% Reduced -10.6k -10,580
27 GREENWOOD CAPITAL ASSOCIATES LLC 0.50% of their portfolio GREENWOOD, SC 49,57549.6k $4.3m $4.3m 0.50% Added +3.0k +2,997
28 Dorsey & Whitney Trust CO LLC 0.21% of their portfolio SIOUX FALLS, SD 45,01445.0k $3.9m $3.9m 0.21% Added +1.6k +1,566
29 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 42,63742.6k $3.7m $3.7m 0.01% Added +514 +514
30 CHOREO, LLC 0.04% of their portfolio ROCKFORD, IL 38,48438.5k $3.4m $3.4m 0.04% Reduced -196 -196
31 OLD MISSION CAPITAL LLC 0.12% of their portfolio CHICAGO, IL 38,39838.4k $3.3m $3.3m 0.12% New
32 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 33,92233.9k $3.0m $3.0m 0.00% Reduced -48.7k -48,673
33 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 32,61332.6k $2.8m $2.8m 0.00% Added +2.3k +2,278
34 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 31,58131.6k $2.7m $2.7m 0.00% Reduced -11.6k -11,563
35 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 31,01531.0k $2.7m $2.7m 0.00% Reduced -36 -36
36 ACIMA PRIVATE WEALTH, LLC 0.79% of their portfolio RICHMOND, VA 28,74328.7k $2.5m $2.5m 0.79% Added +639 +639
37 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 23,85423.9k $2.1m $2.1m 0.01% Reduced -759 -759
38 GTS SECURITIES LLC 0.07% of their portfolio NEW YORK, NY 22,36322.4k $2.0m $2.0m 0.07% New
39 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 22,27322.3k $1.9m $1.9m 0.00% Reduced -1.5k -1,538
40 FMR LLC 0.00% of their portfolio BOSTON, MA 21,01321.0k $1.8m $1.8m 0.00% Added +2.8k +2,772
41 COMERICA BANK 0.01% of their portfolio DALLAS, TX 20,70820.7k $1.8m $1.8m 0.01% Reduced -375 -375
42 Alaska Permanent Capital Management, LLC 0.12% of their portfolio ANCHORAGE, AK 18,28418.3k $1.6m $1.6m 0.12% Reduced -52 -52
43 Hudson Portfolio Management LLC 1.36% of their portfolio Garrison, NY 17,53517.5k $1.5m $1.5m 1.36% Added +4.3k +4,327
44 FIG FINANCIAL ADVISORY SERVICES INC /ADV 0.96% of their portfolio OKLAHOMA CITY, OK 17,53017.5k $1.5m $1.5m 0.96% New
45 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 17,14217.1k $1.5m $1.5m 0.00% Reduced -7.7k -7,731
46 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 16,91916.9k $1.5m $1.5m 0.00% Reduced -18.8k -18,831
47 Sunpointe, LLC 0.53% of their portfolio ST. LOUIS, MO 16,81316.8k $1.5m $1.5m 0.53% Added +1.1k +1,064
48 Quadrature Capital Ltd 0.02% of their portfolio LONDON, X0 15,74015.7k $1.4m $1.4m 0.02% Added +12.2k +12,222
49 Caprock Group, LLC 0.03% of their portfolio BOISE, ID 15,58515.6k $1.3m $1.3m 0.03% First filing
50 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 15,31415.3k $1.3m $1.3m 0.00% Added +11 +11
51 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 13,41313.4k $1.2m $1.2m 0.00% Added +1.5k +1,485
52 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 13,33913.3k $1.2m $1.2m 0.00% Reduced -468 -468
53 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 13,32713.3k $1.2m $1.2m 0.00% Added +897 +897
54 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 11,75211.8k $993.5k $993.5k 0.01% Added +6.7k +6,692
55 SYON CAPITAL LLC 0.05% of their portfolio SAN FRANCISCO, CA 11,53511.5k $1.0m $1.0m 0.05% Added +347 +347
56 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 11,47011.5k $903.5k $903.5k 0.00% Added +7.1k +7,135
57 Yoffe Investment Management, LLC 1.21% of their portfolio LEMOYNE, PA 10,67610.7k $931.3k $931.3k 1.21% Added +10 +10
58 QUADRANT CAPITAL GROUP LLC 0.03% of their portfolio CINCINNATI, OH 10,47210.5k $913.5k $913.5k 0.03% Added +1.9k +1,906
59 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,04910.0k $876.6k $876.6k 0.00% Added +323 +323
60 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,98210.0k $872.6k $872.6k 0.00% Reduced -174.6k -174,635
61 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 9,6709.7k $843.5k $843.5k 0.00% Added +1.7k +1,722
62 CWM, LLC 0.00% of their portfolio OMAHA, NE 9,5879.6k $836.0k $836.0k 0.00% Reduced -159 -159
63 Sowell Financial Services LLC 0.03% of their portfolio NORTH LITTLE ROCK, AR 8,8238.8k $769.6k $769.6k 0.03% Added +5 +5
64 Argent Trust Co 0.03% of their portfolio NASHVILLE, TN 8,2288.2k $717.7k $717.7k 0.03% Reduced -205 -205
65 Avidian Wealth Enterprises, LLC 0.03% of their portfolio Houston, TX 8,2198.2k $717.0k $717.0k 0.03% Added +39 +39
66 Ballentine Partners, LLC 0.01% of their portfolio Waltham, MA 8,0858.1k $705.3k $705.3k 0.01% Unchanged
67 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 7,6597.7k $668.1k $668.1k 0.04% Unchanged
68 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 7,5667.6k $665.1k $665.1k 0.00% Added +386 +386
69 Lumbard & Kellner, LLC 0.23% of their portfolio HOLLIS, NH 7,0917.1k $618.5k $618.5k 0.23% Unchanged
70 L.K. Benson & Company, P.C. 0.33% of their portfolio TIMONIUM, MD 7,0007.0k $610.6k $610.6k 0.33% Unchanged
71 Inscription Capital, LLC 0.07% of their portfolio HOUSTON, TX 6,9597.0k $607.0k $607.0k 0.07% Unchanged
72 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 6,6776.7k $582.4k $582.4k 0.01% Added +178 +178
73 FineMark National Bank & Trust 0.02% of their portfolio FORT MYERS, FL 6,3056.3k $550.0k $550.0k 0.02% Reduced -76 -76
74 SAPIENT CAPITAL LLC 0.01% of their portfolio INDIANAPOLIS, IN 5,9636.0k $518.5k $518.5k 0.01% Reduced -619 -619
75 Icon Wealth Advisors, LLC 0.03% of their portfolio HOUSTON, TX 5,9115.9k $515.6k $515.6k 0.03% Added +39 +39
76 PRIVATE TRUST CO NA 0.05% of their portfolio CLEVELAND, OH 5,9075.9k $515.3k $515.3k 0.05% Reduced -2.4k -2,362
77 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 5,8725.9k $512.2k $512.2k 0.00% Added +184 +184
78 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,8275.8k $508.3k $508.3k 0.00% Added +1.9k +1,938
79 INNEALTA CAPITAL, LLC 0.25% of their portfolio AUSTIN, TX 5,7605.8k $502.4k $502.4k 0.25% Added +25 +25
80 RICHARDSON FINANCIAL SERVICES INC. 0.31% of their portfolio MEDWAY, MA 5,7415.7k $500.8k $500.8k 0.31% Added +22 +22
81 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 5,6925.7k $497.0k $497.0k 0.00% Reduced -233 -233
82 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,3465.3k $466.4k $466.4k 0.00% Reduced -132 -132
83 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 5,2935.3k $461.7k $461.7k 0.00% Added +556 +556
84 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 5,2655.3k $459.3k $459.3k 0.00% Reduced -113 -113
85 CVA Family Office, LLC 0.06% of their portfolio DENVER, CO 5,1975.2k $453.3k $453.3k 0.06% Unchanged
86 NorthCoast Asset Management LLC 0.00% of their portfolio STAMFORD, CT 5,1395.1k $448.3k $448.3k 0.00% Added +3 +3
87 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 5,0335.0k $439.0k $439.0k 0.00% Added +252 +252
88 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,0265.0k $438.4k $438.4k 0.00% Reduced -273 -273
89 Cloud Capital Management, LLC 0.23% of their portfolio SEATTLE, WA 4,9905.0k $435.0k $435.0k 0.23% Unchanged
90 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4,6974.7k $409.7k $409.7k 0.00% Added +96 +96
91 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,5134.5k $393.7k $393.7k 0.00% Added +166 +166
92 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 4,4344.4k $386.8k $386.8k 0.00% Reduced -1.6k -1,627
93 Ullmann Wealth Partners Group, LLC 0.04% of their portfolio JACKSONVILLE BEACH, FL 4,3254.3k $377.3k $377.3k 0.04% Unchanged
94 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 4,2364.2k $369.5k $369.5k 0.00% Reduced -122 -122
95 Curi Capital, LLC 0.01% of their portfolio CHICAGO, IL 4,0264.0k $351.2k $351.2k 0.01% Unchanged
96 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 3,8333.8k $334.4k $334.4k 0.00% Reduced -311 -311
97 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 3,8103.8k $332.3k $332.3k 0.00% Unchanged
98 Morton Capital Management LLC/CA 0.05% of their portfolio CALABASAS, CA 3,7293.7k $325.3k $325.3k 0.05% New
99 One Wealth Management Investment & Advisory Services, LLC 0.37% of their portfolio BOCA RATON, FL 3,6393.6k $317.4k $317.4k 0.37% Unchanged
100 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 3,6103.6k $314.9k $314.9k 0.00% Added +3.4k +3,414