Vault-13

J P MORGAN EXCHANGE TRADED F BBCA

BETABUILDERS CDA · ETP · CUSIP 46641Q225

240 institutional holders +32 vs Q3 2025
81,760,71781.8m shares reported held*
$7.6bnreported value*
46 new 64 added 60 reduced 27 sold out net sold ≈ $6.9bn (-74.5m 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 ($744.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $93.00.

Trends to Q4 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: 208Q4 25: 240240Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025240

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 82 bought or addedQ1 24: 68 cut or sold outQ2 24: 73 bought or addedQ2 24: 78 cut or sold outQ2 24Q3 24: 95 bought or addedQ3 24: 78 cut or sold outQ4 24: 80 bought or addedQ4 24: 77 cut or sold outQ4 24Q1 25: 63 bought or addedQ1 25: 101 cut or sold outQ2 25: 88 bought or addedQ2 25: 83 cut or sold outQ2 25Q3 25: 91 bought or addedQ3 25: 78 cut or sold outQ4 25: 110 bought or addedQ4 25: 87 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20248268
Q2 20247378
Q3 20249578
Q4 20248077
Q1 202563101
Q2 20258883
Q3 20259178
Q4 202511087

Calls vs puts

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

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

Biggest buyers

AMERIPRISE FINANCIAL INC Added +197,497+197.5k
STRATEGIC INVESTMENT MANAGEMENT, LLC Added +131,610+131.6k
Corient Private Wealth LP Added +87,338+87.3k
Rice Partnership, LLC New +73,927+73.9k
CITADEL ADVISORS LLC Added +53,552+53.6k
Marex Group Ltd New +42,900+42.9k
Silphium Asset Management Ltd New +42,900+42.9k
BANK OF AMERICA CORP /DE/ Added +34,699+34.7k
Rockefeller Capital Management L.P. Added +21,310+21.3k
NORTHERN TRUST CORP Added +19,791+19.8k

Biggest sellers

JPMORGAN CHASE & CO Reduced -74,899,697-74.9m
VICTORY CAPITAL MANAGEMENT INC Reduced -92,799-92.8k
FLOW TRADERS U.S. LLC Sold out -80,870-80.9k
OLD MISSION CAPITAL LLC Sold out -38,398-38.4k
ASSETMARK, INC Reduced -34,490-34.5k
Municipal Employees' Retirement System of Michigan Reduced -31,102-31.1k
JANE STREET GROUP, LLC Reduced -25,787-25.8k
OSAIC HOLDINGS, INC. Reduced -25,651-25.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -24,385-24.4k
GTS SECURITIES LLC Sold out -22,363-22.4k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.46% of their portfolio NEW YORK, NY 74,270,03974.3m $6.9bn $6.9bn 0.46% Reduced -74.9m -74,899,697
2 Municipal Employees' Retirement System of Michigan 0.96% of their portfolio LANSING, MI 909,454909.5k $84.6m $84.6m 0.96% Reduced -31.1k -31,102
3 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 507,492507.5k $47.2m $47.2m 0.03% Reduced -92.8k -92,799
4 ASSETMARK, INC 0.09% of their portfolio CONCORD, CA 473,166473.2k $44.0m $44.0m 0.09% Reduced -34.5k -34,490
5 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 442,396442.4k $41.1m $41.1m 0.01% Reduced -24.4k -24,385
6 Mirae Asset Global Investments Co., Ltd. 0.11% of their portfolio SEOUL, M5 436,957437.0k $40.6m $40.6m 0.11% Reduced -9.4k -9,449
7 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 419,789419.8k $39.0m $39.0m 0.04% Reduced -742 -742
8 RiverFront Investment Group, LLC 0.64% of their portfolio RICHMOND, VA 414,610414.6k $38.6m $38.6m 0.64% Added +16.0k +16,025
9 STRATEGIC INVESTMENT MANAGEMENT, LLC 16.81% of their portfolio ARLINGTON, VA 356,550356.6k $33.2m $33.2m 16.81% Added +131.6k +131,610
10 Elm Partners Management LLC 1.25% of their portfolio Philadelphia, PA 295,147295.1k $27.4m $27.4m 1.25% Added +19.3k +19,267
11 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 207,479207.5k $19.3m $19.3m 0.00% Added +197.5k +197,497
12 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 182,366182.4k $17.1m $17.1m 0.01% Added +87.3k +87,338
13 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 166,671166.7k $15.5m $15.5m 0.00% Added +8.1k +8,143
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 153,581153.6k $14.3m $14.3m 0.00% Added +3.0k +3,001
15 Willis Johnson & Associates, Inc. 0.85% of their portfolio Houston, TX 148,675148.7k $13.8m $13.8m 0.85% Added +5.3k +5,258
16 SPINNAKER TRUST 0.64% of their portfolio PORTLAND, ME 128,464128.5k $11.9m $11.9m 0.64% Added +1.0k +1,012
17 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 128,202128.2k $11.9m $11.9m 0.00% Added +34.7k +34,699
18 ATLAS CAPITAL ADVISORS INC. 1.17% of their portfolio JACKSON, WY 112,889112.9k $10.5m $10.5m 1.17% First filing
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 107,295107.3k $10.0m $10.0m 0.00% Added +5.0k +4,968
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 103,336103.3k $9.6m $9.6m 0.00% Reduced -1.9k -1,870
21 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 95,31395.3k $8.9m $8.9m 0.00% Reduced -2.1k -2,122
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 87,79287.8k $8.2m $8.2m 0.00% Added +5.0k +4,966
23 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 87,47487.5k $8.1m $8.1m 0.01% Added +53.6k +53,552
24 PGIM Custom Harvest LLC 0.12% of their portfolio NEWARK, NJ 84,36284.4k $7.8m $7.8m 0.12% Added +5.6k +5,594
25 Rice Partnership, LLC 0.93% of their portfolio HONOLULU, HI 73,92773.9k $6.9m $6.9m 0.93% New
26 SEGALL BRYANT & HAMILL, LLC 0.09% of their portfolio CHICAGO, IL 72,27472.3k $6.7m $6.7m 0.09% Reduced -4.1k -4,093
27 Keel Point, LLC 0.34% of their portfolio HUNTSVILLE, AL 60,10360.1k $5.6m $5.6m 0.34% Reduced -3.5k -3,457
28 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 57,59557.6k $5.4m $5.4m 0.01% Reduced -10.0k -9,977
29 GREENWOOD CAPITAL ASSOCIATES LLC 0.54% of their portfolio GREENWOOD, SC 53,43853.4k $5.0m $5.0m 0.54% Added +3.9k +3,863
30 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 47,28147.3k $4.4m $4.4m 0.01% Reduced -25.8k -25,787
31 Dorsey & Whitney Trust CO LLC 0.22% of their portfolio SIOUX FALLS, SD 45,01445.0k $4.2m $4.2m 0.22% Unchanged
32 Silphium Asset Management Ltd 1.69% of their portfolio London, X0 42,90042.9k $4.0m $4.0m 1.69% New
33 Marex Group Ltd 0.04% of their portfolio London, X0 42,90042.9k $4.0m $4.0m 0.04% New
34 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 42,33642.3k $3.9m $3.9m 0.01% Reduced -301 -301
35 CHOREO, LLC 0.05% of their portfolio ROCKFORD, IL 39,04739.0k $3.7m $3.7m 0.05% Added +563 +563
36 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 38,22938.2k $3.6m $3.6m 0.01% Added +21.3k +21,310
37 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 31,13031.1k $2.9m $2.9m 0.00% Added +115 +115
38 ACIMA PRIVATE WEALTH, LLC 0.81% of their portfolio RICHMOND, VA 28,06528.1k $2.6m $2.6m 0.81% Reduced -678 -678
39 Evansbrook LLC 1.72% of their portfolio BOLINGBROOK, IL 27,56927.6k $2.6m $2.6m 1.72% First filing
40 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 23,62423.6k $2.2m $2.2m 0.00% Added +19.8k +19,791
41 FMR LLC 0.00% of their portfolio BOSTON, MA 23,23623.2k $2.2m $2.2m 0.00% Added +2.2k +2,223
42 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 22,22022.2k $2.1m $2.1m 0.00% Reduced -10.4k -10,393
43 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 21,00821.0k $2.0m $2.0m 0.00% Reduced -2.8k -2,846
44 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 20,41220.4k $1.9m $1.9m 0.00% Reduced -1.9k -1,861
45 Hudson Portfolio Management LLC 1.51% of their portfolio Garrison, NY 18,86018.9k $1.8m $1.8m 1.51% Added +1.3k +1,325
46 Alaska Permanent Capital Management, LLC 0.13% of their portfolio ANCHORAGE, AK 18,28418.3k $1.7m $1.7m 0.13% Unchanged
47 Sunpointe, LLC 0.55% of their portfolio ST. LOUIS, MO 17,93917.9k $1.7m $1.7m 0.55% Added +1.1k +1,126
48 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 16,49716.5k $1.5m $1.5m 0.00% Added +3.1k +3,084
49 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 15,93015.9k $1.5m $1.5m 0.00% Added +616 +616
50 Caprock Group, LLC 0.03% of their portfolio BOISE, ID 15,33315.3k $1.4m $1.4m 0.03% Reduced -252 -252
51 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 14,73014.7k $1.4m $1.4m 0.00% Added +1.4k +1,391
52 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 14,13514.1k $1.3m $1.3m 0.00% Added +808 +808
53 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 13,57613.6k $1.3m $1.3m 0.00% New
54 COMERICA BANK 0.00% of their portfolio DALLAS, TX 13,45713.5k $1.3m $1.3m 0.00% Reduced -7.3k -7,251
55 SYON CAPITAL LLC 0.05% of their portfolio SAN FRANCISCO, CA 11,49311.5k $1.1m $1.1m 0.05% Reduced -42 -42
56 Nolet Wealth Management, LLC 0.58% of their portfolio FORT WORTH, TX 11,12711.1k $1.0m $1.0m 0.58% First filing
57 Yoffe Investment Management, LLC 1.27% of their portfolio LEMOYNE, PA 10,67610.7k $992.9k $992.9k 1.27% Unchanged
58 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,61410.6k $987.1k $987.1k 0.00% Added +565 +565
59 TD Waterhouse Canada Inc. 0.01% of their portfolio TORONTO, A6 10,32110.3k $959.9k $959.9k 0.01% Reduced -1.4k -1,431
60 QUADRANT CAPITAL GROUP LLC 0.03% of their portfolio CINCINNATI, OH 10,21510.2k $950.0k $950.0k 0.03% Reduced -257 -257
61 CWM, LLC 0.00% of their portfolio OMAHA, NE 9,6749.7k $900.0k $900.0k 0.00% Added +87 +87
62 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 9,4569.5k $879.4k $879.4k 0.00% Reduced -214 -214
63 INNEALTA CAPITAL, LLC 0.45% of their portfolio AUSTIN, TX 8,9038.9k $828.0k $828.0k 0.45% Added +3.1k +3,143
64 Sowell Financial Services LLC 0.03% of their portfolio NORTH LITTLE ROCK, AR 8,7758.8k $816.1k $816.1k 0.03% Reduced -48 -48
65 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 8,4608.5k $786.8k $786.8k 0.00% Added +3.2k +3,167
66 Lumbard & Kellner, LLC 0.27% of their portfolio HOLLIS, NH 8,3258.3k $774.2k $774.2k 0.27% Added +1.2k +1,234
67 Avidian Wealth Enterprises, LLC 0.03% of their portfolio Houston, TX 8,2718.3k $769.2k $769.2k 0.03% Added +52 +52
68 Ballentine Partners, LLC 0.01% of their portfolio Waltham, MA 8,0858.1k $751.9k $751.9k 0.01% Unchanged
69 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 8,0068.0k $744.6k $744.6k 0.00% New
70 Argent Trust Co 0.03% of their portfolio NASHVILLE, TN 8,0068.0k $744.6k $744.6k 0.03% Reduced -222 -222
71 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 7,8257.8k $727.7k $727.7k 0.00% Added +2.0k +1,998
72 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,6987.7k $716.0k $716.0k 0.00% Added +3.5k +3,462
73 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 7,6207.6k $717.9k $717.9k 0.00% Added +54 +54
74 Koshinski Asset Management, Inc. 0.04% of their portfolio DECATUR, IL 7,0237.0k $653.1k $653.1k 0.04% Reduced -636 -636
75 L.K. Benson & Company, P.C. 0.33% of their portfolio TIMONIUM, MD 7,0007.0k $651.0k $651.0k 0.33% Unchanged
76 Inscription Capital, LLC 0.07% of their portfolio HOUSTON, TX 6,9597.0k $647.2k $647.2k 0.07% Unchanged
77 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 6,5336.5k $607.6k $607.6k 0.01% Reduced -144 -144
78 FineMark National Bank & Trust 0.02% of their portfolio FORT MYERS, FL 6,3056.3k $586.4k $586.4k 0.02% Unchanged
79 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 6,2446.2k $580.7k $580.7k 0.00% New
80 Icon Wealth Advisors, LLC 0.04% of their portfolio HOUSTON, TX 6,1186.1k $569.0k $569.0k 0.04% Added +207 +207
81 SAPIENT CAPITAL LLC 0.01% of their portfolio INDIANAPOLIS, IN 5,9636.0k $558.5k $558.5k 0.01% Unchanged
82 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5,9305.9k $552.4k $552.4k 0.00% Reduced -25.7k -25,651
83 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 5,8725.9k $546.1k $546.1k 0.00% Unchanged
84 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,8355.8k $542.7k $542.7k 0.00% Added +809 +809
85 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,6785.7k $528.0k $528.0k 0.00% Added +332 +332
86 PRIVATE TRUST CO NA 0.05% of their portfolio CLEVELAND, OH 5,6435.6k $524.8k $524.8k 0.05% Reduced -264 -264
87 RICHARDSON FINANCIAL SERVICES INC. 0.16% of their portfolio MEDWAY, MA 5,3625.4k $498.7k $498.7k 0.16% Reduced -379 -379
88 Alvarez & Marsal Private Wealth Partners, LLC 0.10% of their portfolio WEST PALM BEACH, FL 5,3395.3k $496.5k $496.5k 0.10% First filing
89 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 5,2315.2k $486.5k $486.5k 0.00% Reduced -6.2k -6,239
90 CVA Family Office, LLC 0.06% of their portfolio DENVER, CO 5,1975.2k $483.3k $483.3k 0.06% Unchanged
91 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 5,1465.1k $478.6k $478.6k 0.00% Added +113 +113
92 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 5,0725.1k $471.7k $471.7k 0.00% Reduced -193 -193
93 Cloud Capital Management, LLC 0.22% of their portfolio SEATTLE, WA 4,9905.0k $464.0k $464.0k 0.22% Unchanged
94 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 4,9364.9k $459.0k $459.0k 0.00% Added +423 +423
95 Ocean Park Asset Management, LLC 0.02% of their portfolio SANTA MONICA, CA 4,8984.9k $455.5k $455.5k 0.02% New
96 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 4,4764.5k $416.3k $416.3k 0.00% Reduced -221 -221
97 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 4,4344.4k $412.4k $412.4k 0.00% Unchanged
98 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 4,3814.4k $407.5k $407.5k 0.00% Reduced -1.3k -1,311
99 PRELUDE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 4,3704.4k $406.4k $406.4k 0.03% New
100 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 4,3704.4k $406.4k $406.4k 0.00% New