Vault-13

J P MORGAN EXCHANGE TRADED F BBAX

BETABUILDERS DEV · ETP · CUSIP 46641Q233

98 institutional holders -6 vs Q4 2024
91,867,78091.9m shares reported held*
$4.5bnreported value*
19 new 26 added 19 reduced 24 sold out net bought ≈ $217.7m (+4.5m 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. Holder counts are more reliable. Implied quarter-end price ≈ $48.65. Options: 1 managers hold calls ($9.7k notional), 0 hold puts (—).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 74Q4 22: 84Q1 23: 90Q2 23: 79Q3 23: 87Q4 23: 103Q1 24: 97Q2 24: 92Q3 24: 100Q4 24: 104Q1 25: 9898Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202274
Q4 202284
Q1 202390
Q2 202379
Q3 202387
Q4 2023103
Q1 202497
Q2 202492
Q3 2024100
Q4 2024104
Q1 202598

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 34 bought or addedQ2 23: 48 cut or sold outQ3 23: 44 bought or addedQ3 23: 36 cut or sold outQ3 23Q4 23: 52 bought or addedQ4 23: 43 cut or sold outQ1 24: 43 bought or addedQ1 24: 48 cut or sold outQ1 24Q2 24: 35 bought or addedQ2 24: 52 cut or sold outQ3 24: 46 bought or addedQ3 24: 42 cut or sold outQ3 24Q4 24: 40 bought or addedQ4 24: 41 cut or sold outQ1 25: 45 bought or addedQ1 25: 43 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20233448
Q3 20234436
Q4 20235243
Q1 20244348
Q2 20243552
Q3 20244642
Q4 20244041
Q1 20254543

Calls vs puts

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

CallsPuts
$0$5k$10k$15kQ2 24 calls: $0Q2 24 puts: $4.8kQ2 24P/C —Q3 24 calls: $10.8kQ3 24 puts: $5.4kQ3 24P/C 0.50Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $9.7kQ1 25 puts: $0Q1 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2024$0$4.8k—
Q3 2024$10.8k$5.4k0.50
Q4 2024$0$0—
Q1 2025$9.7k$00.00

Biggest buyers

JPMORGAN CHASE & CO Added +3,971,893+4.0m
JANUS HENDERSON GROUP PLC Added +169,751+169.8k
BANK OF AMERICA CORP /DE/ Added +137,386+137.4k
JANE STREET GROUP, LLC New +90,572+90.6k
WELLS FARGO & COMPANY/MN Added +75,751+75.8k
Keel Point, LLC Added +30,344+30.3k
Proquility Private Wealth Partners, LLC Added +29,570+29.6k
OLD NATIONAL BANCORP /IN/ New +24,851+24.9k
GWN SECURITIES INC. New +23,357+23.4k
ENVESTNET ASSET MANAGEMENT INC New +13,782+13.8k

Biggest sellers

CITADEL ADVISORS LLC Reduced -31,615-31.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -29,560-29.6k
CWM, LLC Reduced -28,465-28.5k
LPL Financial LLC Reduced -24,950-24.9k
OneDigital Investment Advisors LLC Sold out -12,593-12.6k
Leo Wealth, LLC Sold out -8,576-8.6k
BESSEMER GROUP INC Sold out -6,985-7.0k
RENAISSANCE TECHNOLOGIES LLC Sold out -5,800-5.8k
UBS Group AG Reduced -5,304-5.3k
OSAIC HOLDINGS, INC. Reduced -5,147-5.1k

Biggest calls

CITADEL ADVISORS LLC New $9.7k200 shares

Biggest puts

None

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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.30% of their portfolio NEW YORK, NY 80,315,55880.3m $3.9bn $3.9bn 0.30% Added +4.0m +3,971,893
2 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 8,264,1738.3m $402.1m $402.1m 0.04% Added +137.4k +137,386
3 Municipal Employees' Retirement System of Michigan 0.56% of their portfolio LANSING, MI 910,009910.0k $44.3m $44.3m 0.56% Unchanged
4 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 535,792535.8k $26.2m $26.2m 0.01% Added +169.8k +169,751
5 AIA Group Ltd 0.41% of their portfolio HONG KONG, K3 340,074340.1k $16.5m $16.5m 0.41% Added +10.6k +10,555
6 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 260,196260.2k $12.7m $12.7m 0.00% Added +2.6k +2,589
7 Badgley Phelps Wealth Managers, LLC 0.29% of their portfolio SEATTLE, WA 242,666242.7k $11.8m $11.8m 0.29% Reduced -2.1k -2,106
8 Proquility Private Wealth Partners, LLC 2.51% of their portfolio LAS VEGAS, NV 167,548167.5k $8.2m $8.2m 2.51% Added +29.6k +29,570
9 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 90,57290.6k $4.4m $4.4m 0.01% New
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 86,27486.3k $4.2m $4.2m 0.00% Reduced -5.3k -5,304
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 77,15977.2k $3.8m $3.8m 0.00% Added +75.8k +75,751
12 PGIM Custom Harvest LLC 0.07% of their portfolio NEWARK, NJ 60,68660.7k $3.0m $3.0m 0.07% Added +6.2k +6,155
13 Keel Point, LLC 0.17% of their portfolio HUNTSVILLE, AL 43,99144.0k $2.1m $2.1m 0.17% Added +30.3k +30,344
14 SYON CAPITAL LLC 0.16% of their portfolio SAN FRANCISCO, CA 41,22641.2k $2.0m $2.0m 0.16% Added +2.3k +2,255
15 CHOREO, LLC 0.03% of their portfolio ROCKFORD, IL 35,41235.4k $1.7m $1.7m 0.03% Added +981 +981
16 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 31,45131.5k $1.5m $1.5m 0.00% Reduced -24.9k -24,950
17 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 29,53429.5k $1.4m $1.4m 0.00% Reduced -741 -741
18 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 28,75928.8k $1.4m $1.4m 0.00% Reduced -2.0k -1,955
19 OLD NATIONAL BANCORP /IN/ 0.03% of their portfolio EVANSVILLE, IN 24,85124.9k $1.2m $1.2m 0.03% New
20 ATLAS CAPITAL ADVISORS INC. 0.15% of their portfolio JACKSON, WY 24,71724.7k $1.2m $1.2m 0.15% Added +10.0k +10,022
21 GWN SECURITIES INC. 0.07% of their portfolio Palm Beach Gardens, FL 23,35723.4k $1.2m $1.2m 0.07% New
22 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 20,29520.3k $987.4k $987.4k 0.01% Added +8.5k +8,542
23 COMERICA BANK 0.00% of their portfolio DALLAS, TX 19,63019.6k $955.0k $955.0k 0.00% Added +1.1k +1,069
24 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 14,38314.4k $699.7k $699.7k 0.00% Unchanged
25 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 13,78213.8k $670.5k $670.5k 0.00% New
26 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 11,79611.8k $573.9k $573.9k 0.00% Reduced -546 -546
27 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 10,47110.5k $509.4k $509.4k 0.01% Unchanged
28 Circle Wealth Management, LLC 0.01% of their portfolio SUMMIT, NJ 9,8719.9k $480.2k $480.2k 0.01% New
29 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,7299.7k $473.3k $473.3k 0.00% New
30 Ballentine Partners, LLC 0.01% of their portfolio Waltham, MA 8,1368.1k $395.8k $395.8k 0.01% New
31 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 7,9107.9k $384.8k $384.8k 0.00% Added +83 +83
32 Icon Wealth Advisors, LLC 0.03% of their portfolio HOUSTON, TX 7,1707.2k $348.8k $348.8k 0.03% Unchanged
33 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 7,0097.0k $341.0k $341.0k 0.00% Added +1.4k +1,424
34 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 6,9216.9k $336.7k $336.7k 0.00% Reduced -79 -79
35 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 6,7736.8k $329.5k $329.5k 0.00% Reduced -31.6k -31,615
36 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 6,0926.1k $296.4k $296.4k 0.00% Added +331 +331
37 Dorsey & Whitney Trust CO LLC 0.02% of their portfolio SIOUX FALLS, SD 5,8365.8k $283.9k $283.9k 0.02% Unchanged
38 Douglass Winthrop Advisors, LLC 0.01% of their portfolio NEW YORK, NY 5,6185.6k $273.3k $273.3k 0.01% New
39 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 5,4995.5k $267.5k $267.5k 0.00% Added +231 +231
40 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 5,3385.3k $259.7k $259.7k 0.00% Reduced -1.1k -1,085
41 Cloud Capital Management, LLC 0.18% of their portfolio SEATTLE, WA 5,1095.1k $248.0k $248.0k 0.18% First filing
42 Inscription Capital, LLC 0.04% of their portfolio HOUSTON, TX 4,6964.7k $226.2k $226.2k 0.04% First filing
43 Robertson Stephens Wealth Management, LLC 0.01% of their portfolio San Francisco, CA 4,5104.5k $219.4k $219.4k 0.01% Added +2 +2
44 waypoint wealth counsel 0.14% of their portfolio ATLANTA, GA 4,4534.5k $216.6k $216.6k 0.14% Reduced -10 -10
45 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 4,2894.3k $208.0k $208.0k 0.00% New
46 FMR LLC 0.00% of their portfolio BOSTON, MA 3,9984.0k $194.5k $194.5k 0.00% Added +1.5k +1,533
47 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 3,4433.4k $167.5k $167.5k 0.00% Unchanged
48 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,0073.0k $146.3k $146.3k 0.00% Reduced -50 -50
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,3502.4k $115.0k $115.0k 0.00% Reduced -762 -762
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,2732.3k $110.8k $110.8k 0.00% Reduced -5.1k -5,147
51 BROWN BROTHERS HARRIMAN & CO 0.00% of their portfolio NEW YORK, NY 1,6591.7k $80.7k $80.7k 0.00% Unchanged
52 Crewe Advisors LLC 0.01% of their portfolio SALT LAKE CITY, UT 1,6531.7k $80.4k $80.4k 0.01% Unchanged
53 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 1,5361.5k $74.7k $74.7k 0.00% Unchanged
54 ARMSTRONG ADVISORY GROUP, INC 0.01% of their portfolio NEEDHAM, MA 1,3661.4k $66.6k $66.6k 0.01% Unchanged
55 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 1,3391.3k $65.1k $65.1k 0.01% Added +1.1k +1,059
56 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 859859 $41.8k $41.8k 0.00% Unchanged
57 CWM, LLC 0.00% of their portfolio OMAHA, NE 686686 $33.0k $33.0k 0.00% Reduced -28.5k -28,465
58 Farmers & Merchants Trust Co of Chambersburg PA 0.01% of their portfolio CHAMBERSBURG, PA 592592 $29.0k $29.0k 0.01% Unchanged
59 FSC Wealth Advisors, LLC 0.02% of their portfolio WAPPINGERS FALLS, NY 522522 $25.4k $25.4k 0.02% Unchanged
60 LRI Investments, LLC 0.00% of their portfolio PALM BEACH GARDENS, FL 488488 $23.7k $23.7k 0.00% New
61 Financial Management Professionals, Inc. 0.00% of their portfolio AUSTIN, TX 381381 $18.5k $18.5k 0.00% Unchanged
62 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 322322 $15.7k $15.7k 0.00% Reduced -679 -679
63 TOMPKINS FINANCIAL CORP 0.00% of their portfolio ITHACA, NY 319319 $15.5k $15.5k 0.00% New
64 Orion Capital Management LLC 0.01% of their portfolio CORONADO, CA 274274 $13.3k $13.3k 0.01% Unchanged
65 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 264264 $12.8k $12.8k 0.00% Added +214 +214
66 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 251251 $12.2k $12.2k 0.00% Unchanged
67 Tortoise Investment Management, LLC 0.00% of their portfolio WHITE PLAINS, NY 230230 $11.2k $11.2k 0.00% Unchanged
68 Aventura Private Wealth, LLC 0.00% of their portfolio AVENTURA, FL 180180 $8.8k $8.8k 0.00% Added +34 +34
69 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 173173 $8.4k $8.4k 0.00% Unchanged
70 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 166166 $8.1k $8.1k 0.00% Reduced -1.1k -1,055
71 NorthRock Partners, LLC 0.00% of their portfolio MINNEAPOLIS, MN 162162 $7.9k $7.9k 0.00% Added +11 +11
72 Migdal Insurance & Financial Holdings Ltd. 0.00% of their portfolio Petach Tikva, L3 145145 $7.0k $7.0k 0.00% New
73 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 139139 $6.8k $6.8k 0.00% New
74 Archer Investment Corp 0.00% of their portfolio Carmel, IN 132132 $6.4k $6.4k 0.00% Unchanged
75 CVA Family Office, LLC 0.00% of their portfolio DENVER, CO 128128 $6.2k $6.2k 0.00% New
76 Laurel Wealth Advisors LLC 0.00% of their portfolio CHARLOTTE, NC 119119 $5.8k $5.8k 0.00% Unchanged
77 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 116116 $5.7k $5.7k 0.00% Added +1 +1
78 Transce3nd, LLC 0.00% of their portfolio BUDA, TX 9797 $4.7k $4.7k 0.00% Unchanged
79 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 8989 $4.4k $4.4k 0.00% Unchanged
80 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 6565 $3.2k $3.2k 0.00% Added +18 +18
81 COLDSTREAM CAPITAL MANAGEMENT INC 0.00% of their portfolio BELLEVUE, WA 5252 $2.5k $2.5k 0.00% New
82 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 4848 $2.3k $2.3k 0.00% New
83 Darwin Wealth Management, LLC 0.00% of their portfolio TAMPA, FL 4848 $2.3k $2.3k 0.00% Unchanged
84 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 4646 $2.2k $2.2k 0.00% Reduced -68 -68
85 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 4444 $2.1k $2.1k 0.00% New
86 AdvisorNet Financial, Inc 0.00% of their portfolio MINNETONKA, MN 3939 $1.9k $1.9k 0.00% Unchanged
87 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 3232 $1.6k $1.6k 0.00% Unchanged
88 Covestor Ltd 0.00% of their portfolio LONDON, X0 2828 $1.0k $1.0k 0.00% Reduced -6 -6
89 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 2727 $1.3k $1.3k 0.00% New
90 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 2525 $1.2k $1.2k 0.00% Unchanged
91 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 1818 $876 $876 0.00% Unchanged
92 Eukles Asset Management 0.00% of their portfolio CINCINNATI, OH 1414 $681 $681 0.00% Unchanged
93 Fortis Group Advisors, LLC 0.00% of their portfolio WESTWOOD, NJ 1414 $681 $681 0.00% Unchanged
94 Granite FO LLC 0.00% of their portfolio BEDFORD, NH 1212 $584 $584 0.00% Unchanged
95 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 1010 $487 $487 0.00% Reduced -683 -683
96 Medallion Wealth Advisors, LLC 0.00% of their portfolio FARMINGTON, CT 99 $438 $438 0.00% Unchanged
97 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 66 $292 $292 0.00% New
98 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged