Vault-13

J P MORGAN EXCHANGE TRADED F BBAG

BETABUILDERS US · ETP · CUSIP 46641Q241

117 institutional holders +19 vs Q3 2025
13,474,79213.5m shares reported held*
$625.5mreported value*
16 new 31 added 56 reduced 2 sold out net sold ≈ $355.9m (-7.7m 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 ($2.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.42.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 65Q4 22: 77Q1 23: 77Q2 23: 82Q3 23: 89Q4 23: 91Q1 24: 92Q2 24: 96Q3 24: 93Q4 24: 98Q1 25: 93Q2 25: 102Q3 25: 98Q4 25: 117117Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202265
Q4 202277
Q1 202377
Q2 202382
Q3 202389
Q4 202391
Q1 202492
Q2 202496
Q3 202493
Q4 202498
Q1 202593
Q2 2025102
Q3 202598
Q4 2025117

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 42 bought or addedQ1 24: 53 cut or sold outQ2 24: 44 bought or addedQ2 24: 50 cut or sold outQ2 24Q3 24: 53 bought or addedQ3 24: 46 cut or sold outQ4 24: 43 bought or addedQ4 24: 49 cut or sold outQ4 24Q1 25: 44 bought or addedQ1 25: 46 cut or sold outQ2 25: 51 bought or addedQ2 25: 45 cut or sold outQ2 25Q3 25: 49 bought or addedQ3 25: 47 cut or sold outQ4 25: 47 bought or addedQ4 25: 58 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244253
Q2 20244450
Q3 20245346
Q4 20244349
Q1 20254446
Q2 20255145
Q3 20254947
Q4 20254758

Biggest buyers

JANE STREET GROUP, LLC New +412,908+412.9k
Kestra Advisory Services, LLC New +92,498+92.5k
Clearwater Capital Advisors, LLC Added +65,989+66.0k
CITADEL ADVISORS LLC New +63,732+63.7k
FLOW TRADERS U.S. LLC New +57,524+57.5k
BANK OF AMERICA CORP /DE/ Added +36,989+37.0k
Kovack Advisors, Inc. New +35,494+35.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +29,982+30.0k
Heck Capital Advisors, LLC Added +24,953+25.0k
Wealth Alliance Advisory Group, LLC Added +19,949+19.9k

Biggest sellers

JPMORGAN CHASE & CO Reduced -5,262,479-5.3m
LPL Financial LLC Reduced -1,562,805-1.6m
ENVESTNET ASSET MANAGEMENT INC Reduced -791,061-791.1k
Cambridge Investment Research Advisors, Inc. Reduced -385,054-385.1k
Cetera Investment Advisers Reduced -205,690-205.7k
PARK AVENUE SECURITIES LLC Reduced -108,543-108.5k
MORGAN STANLEY Reduced -82,716-82.7k
MML INVESTORS SERVICES, LLC Reduced -51,113-51.1k
Sharkey, Howes & Javer Reduced -32,202-32.2k
OSAIC HOLDINGS, INC. Reduced -19,673-19.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 4,593,7254.6m $213.2m $213.2m 0.01% Reduced -5.3m -5,262,479
2 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,116,0452.1m $98.2m $98.2m 0.03% Reduced -1.6m -1,562,805
3 Clearwater Capital Advisors, LLC 4.29% of their portfolio HOFFMAN ESTATES, IL 1,107,7841.1m $51.4m $51.4m 4.29% Added +66.0k +65,989
4 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 850,670850.7k $39.5m $39.5m 0.01% Reduced -791.1k -791,061
5 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 585,787585.8k $27.2m $27.2m 0.06% Reduced -4.7k -4,727
6 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 412,908412.9k $19.2m $19.2m 0.02% New
7 Apella Capital, LLC 0.34% of their portfolio WEST HARTFORD, CT 368,751368.8k $17.1m $17.1m 0.34% Added +2.7k +2,656
8 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 293,826293.8k $13.6m $13.6m 0.04% Reduced -385.1k -385,054
9 Wealth Alliance Advisory Group, LLC 2.24% of their portfolio Wichita, KS 281,948281.9k $13.1m $13.1m 2.24% Added +19.9k +19,949
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 227,109227.1k $10.5m $10.5m 0.00% Reduced -82.7k -82,716
11 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 224,794224.8k $10.4m $10.4m 0.01% Reduced -205.7k -205,690
12 Heck Capital Advisors, LLC 0.75% of their portfolio Rhinelander, WI 216,473216.5k $10.1m $10.1m 0.75% Added +25.0k +24,953
13 Tradition Wealth Management, LLC 0.70% of their portfolio EDINA, MN 211,243211.2k $9.8m $9.8m 0.70% Added +11.4k +11,366
14 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 168,991169.0k $7.8m $7.8m 0.01% Reduced -5.0k -5,005
15 CWM, LLC 0.02% of their portfolio OMAHA, NE 121,804121.8k $5.7m $5.7m 0.02% Added +10.8k +10,760
16 PARK AVENUE SECURITIES LLC 0.04% of their portfolio NEW YORK, NY 114,275114.3k $5.3m $5.3m 0.04% Reduced -108.5k -108,543
17 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 92,49892.5k $4.3m $4.3m 0.02% New
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 75,39775.4k $3.5m $3.5m 0.00% Added +37.0k +36,989
19 EAGLE HARBOR ASSET MANAGEMENT INC /ADV 2.64% of their portfolio SEATTLE, WA 68,66068.7k $3.2m $3.2m 2.64% Added +10.0k +9,981
20 KELLY FINANCIAL GROUP LLC 0.81% of their portfolio Wethersfield, CT 68,09768.1k $3.2m $3.2m 0.81% Reduced -974 -974
21 CGN Advisors LLC 0.24% of their portfolio MANHATTAN, KS 65,24565.2k $3.0m $3.0m 0.24% Reduced -1.9k -1,860
22 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 65,03265.0k $3.0m $3.0m 0.00% Reduced -19.7k -19,673
23 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 63,73263.7k $3.0m $3.0m 0.00% New
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 62,30862.3k $2.9m $2.9m 0.00% Reduced -8.1k -8,078
25 MLG Wealth Management DBA Pine Grove Financial Group 0.33% of their portfolio WOODBURY, MN 58,47358.5k $2.7m $2.7m 0.33% First filing
26 Triad Wealth Partners, LLC 0.26% of their portfolio LAWRENCE, KS 58,20558.2k $2.7m $2.7m 0.26% Added +13.0k +12,955
27 FLOW TRADERS U.S. LLC 0.09% of their portfolio NEW YORK, NY 57,52457.5k $2.7m $2.7m 0.09% New
28 Ascent Group, LLC 0.09% of their portfolio VIRGINIA BEACH, VA 56,70856.7k $2.6m $2.6m 0.09% Added +3.3k +3,258
29 BAILARD, INC. 0.06% of their portfolio Foster City, CA 55,71955.7k $2.6m $2.6m 0.06% Added +3.3k +3,266
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 50,09350.1k $2.3m $2.3m 0.00% Added +30.0k +29,982
31 ACT Advisors, LLC. 0.83% of their portfolio ASHEVILLE, NC 45,58645.6k $2.1m $2.1m 0.83% Reduced -520 -520
32 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 43,70043.7k $2.0m $2.0m 0.00% Reduced -51.1k -51,113
33 Legacy Private Trust Co. 0.11% of their portfolio NEENAH, WI 41,29641.3k $1.9m $1.9m 0.11% Reduced -1.5k -1,511
34 Sharkey, Howes & Javer 0.23% of their portfolio DENVER, CO 38,51938.5k $1.8m $1.8m 0.23% Reduced -32.2k -32,202
35 Kovack Advisors, Inc. 0.08% of their portfolio FT. LAUDERDALE, FL 35,49435.5k $1.6m $1.6m 0.08% New
36 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 31,40631.4k $1.5m $1.5m 0.03% Added +4.5k +4,530
37 ORG Partners LLC 0.22% of their portfolio ROANOKE, IN 27,13727.1k $1.3m $1.3m 0.22% Added +2.9k +2,861
38 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 26,32926.3k $1.2m $1.2m 0.00% Added +6.7k +6,741
39 LOCKERMAN FINANCIAL GROUP, INC. 2.07% of their portfolio NEWPORT BEACH, CA 23,23823.2k $1.1m $1.1m 2.07% Reduced -19.3k -19,261
40 Strategic Financial Concepts, LLC 0.97% of their portfolio SAN ANTONIO, TX 22,83222.8k $1.1m $1.1m 0.97% Added +16.0k +16,015
41 Berger Financial Group, Inc 0.06% of their portfolio PLYMOUTH, MN 21,96322.0k $1.0m $1.0m 0.06% Reduced -2.7k -2,661
42 Geneos Wealth Management Inc. 0.02% of their portfolio ENGLEWOOD, CO 21,69421.7k $1.0m $1.0m 0.02% Added +1.4k +1,363
43 Cobblestone Asset Management LLC 0.41% of their portfolio RICHMOND, VA 19,54319.5k $907.2k $907.2k 0.41% Added +994 +994
44 Arlington Financial Advisors, LLC 0.12% of their portfolio SANTA BARBARA, CA 17,69617.7k $821.4k $821.4k 0.12% Added +3.8k +3,801
45 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 15,69615.7k $728.6k $728.6k 0.00% Added +1.6k +1,570
46 MN Wealth Advisors, LLC 0.36% of their portfolio OVERLAND PARK, KS 15,30915.3k $710.7k $710.7k 0.36% Reduced -17 -17
47 NORTHBRIDGE FINANCIAL GROUP, LLC 0.29% of their portfolio TAMPA, FL 13,90413.9k $645.4k $645.4k 0.29% First filing
48 TWIN PEAKS WEALTH ADVISORS, LLC 0.17% of their portfolio SAN FRANCISCO, CA 12,22812.2k $568.2k $568.2k 0.17% Reduced -571 -571
49 Alpha Omega Wealth Management LLC 0.09% of their portfolio RICHMOND, VA 12,11212.1k $562.2k $562.2k 0.09% Added +91 +91
50 Elevation Wealth Management LLC 0.48% of their portfolio EDEN PRAIRIE, MN 10,71710.7k $499.5k $499.5k 0.48% First filing
51 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 10,55210.6k $489.8k $489.8k 0.00% Reduced -4.1k -4,080
52 Shelter Mutual Insurance Co 0.11% of their portfolio COLUMBIA, MO 10,40010.4k $482.8k $482.8k 0.11% Unchanged
53 Avestar Capital, LLC 0.03% of their portfolio New York, NY 9,8559.9k $457.5k $457.5k 0.03% Added +427 +427
54 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 9,7029.7k $450.4k $450.4k 0.01% Reduced -15.1k -15,123
55 CONTINUUM WEALTH ADVISORS, LLC 0.16% of their portfolio SARATOGA SPRINGS, NY 9,1909.2k $426.6k $426.6k 0.16% Reduced -329 -329
56 5T Wealth, LLC 0.17% of their portfolio Napa, CA 9,0049.0k $418.0k $418.0k 0.17% Reduced -1.7k -1,658
57 SUTTON PLACE INVESTORS LLC 0.23% of their portfolio ARMONK, NY 8,9348.9k $414.7k $414.7k 0.23% Added +5 +5
58 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 8,2968.3k $385.1k $385.1k 0.01% Reduced -828 -828
59 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 7,6027.6k $352.9k $352.9k 0.01% Reduced -127 -127
60 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 7,4857.5k $347.5k $347.5k 0.00% Reduced -5.5k -5,466
61 Plan Group Financial, LLC 0.09% of their portfolio OKLAHOMA CITY, OK 7,2377.2k $335.9k $335.9k 0.09% Added +2.5k +2,451
62 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 7,1357.1k $331.2k $331.2k 0.00% Reduced -650 -650
63 Ignite Planners, LLC 0.05% of their portfolio SAN CLEMENTE, CA 6,6806.7k $310.8k $310.8k 0.05% Added +1.3k +1,328
64 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.04% of their portfolio CONCORD, MA 6,5596.6k $304.5k $304.5k 0.04% Reduced -5.2k -5,225
65 Perennial Investment Advisors, LLC 0.02% of their portfolio Los Angeles, CA 6,5476.5k $303.9k $303.9k 0.02% Reduced -368 -368
66 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.08% of their portfolio RICHMOND, VA 6,1876.2k $287.2k $287.2k 0.08% New
67 CreativeOne Wealth, LLC 0.01% of their portfolio OVERLAND PARK, KS 6,1116.1k $283.7k $283.7k 0.01% Reduced -487 -487
68 COMERICA BANK 0.00% of their portfolio DALLAS, TX 5,8055.8k $269.5k $269.5k 0.00% Reduced -97 -97
69 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 5,7175.7k $266.8k $266.8k 0.01% New
70 J.W. COLE ADVISORS, INC. 0.01% of their portfolio TAMPA, FL 5,7165.7k $265.3k $265.3k 0.01% Reduced -2.9k -2,936
71 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 5,4105.4k $251.1k $251.1k 0.00% Reduced -330 -330
72 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 5,3445.3k $248.1k $248.1k 0.00% Added +13 +13
73 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 5,1735.2k $240.1k $240.1k 0.00% New
74 Bensler, LLC 0.02% of their portfolio Bellevue, WA 4,9024.9k $227.6k $227.6k 0.02% Reduced -327 -327
75 NICOLET ADVISORY SERVICES, LLC 0.02% of their portfolio GREEN BAY, WI 4,8414.8k $225.1k $225.1k 0.02% Reduced -19.0k -19,010
76 Fonville Wealth Management LLC 0.05% of their portfolio RICHMOND, VA 4,7764.8k $221.7k $221.7k 0.05% Reduced -603 -603
77 MGO ONE SEVEN LLC 0.00% of their portfolio Beachwood, OH 4,7544.8k $220.7k $220.7k 0.00% Reduced -821 -821
78 Bouchey Financial Group, Ltd. 0.02% of their portfolio TROY, NY 4,7204.7k $219.1k $219.1k 0.02% Reduced -1 -1
79 Hennion & Walsh Asset Management, Inc. 0.01% of their portfolio Parsippany, NJ 4,4564.5k $206.8k $206.8k 0.01% Reduced -29 -29
80 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 4,2544.3k $197.5k $197.5k 0.00% Reduced -2.3k -2,335
81 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,1614.2k $193.2k $193.2k 0.00% Added +324 +324
82 Transamerica Financial Advisors, LLC 0.01% of their portfolio CEDAR RAPIDS, IA 3,7573.8k $175.1k $175.1k 0.01% Reduced -2.1k -2,081
83 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 3,6913.7k $171.3k $171.3k 0.00% Reduced -4.5k -4,519
84 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 3,6823.7k $170.9k $170.9k 0.01% Reduced -3.3k -3,316
85 Founders Financial Alliance, LLC 0.03% of their portfolio RALEIGH, NC 3,5763.6k $166.0k $166.0k 0.03% New
86 Rosenberg Matthew Hamilton 0.03% of their portfolio GRAND JUNCTION, CO 3,0993.1k $143.9k $143.9k 0.03% Reduced -24 -24
87 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,2502.2k $104.4k $104.4k 0.00% Reduced -701 -701
88 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 2,1852.2k $101.4k $101.4k 0.00% Unchanged
89 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 2,0792.1k $96.5k $96.5k 0.00% Reduced -85 -85
90 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1,3411.3k $62.2k $62.2k 0.00% New
91 GGM Financial LLC 0.03% of their portfolio COLUMBUS, OH 1,2031.2k $55.8k $55.8k 0.03% Reduced -104 -104
92 CARY STREET PARTNERS FINANCIAL LLC 0.00% of their portfolio RICHMOND, VA 1,1461.1k $53.2k $53.2k 0.00% New
93 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 982982 $45.6k $45.6k 0.00% New
94 Fairway Wealth LLC 0.01% of their portfolio INDEPENDENCE, OH 743743 $34.5k $34.5k 0.01% New
95 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 711711 $33.0k $33.0k 0.00% Unchanged
96 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 662662 $30.7k $30.7k 0.00% Added +643 +643
97 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 640640 $29.7k $29.7k 0.00% Reduced -358 -358
98 LGT Financial Advisors LLC 0.18% of their portfolio DALLAS, TX 619619 $28.8k $28.8k 0.18% Added +180 +180
99 Clarity Asset Management, Inc. 0.01% of their portfolio AMES, IA 410410 $19.0k $19.0k 0.01% Added +4 +4
100 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 360360 $16.7k $16.7k 0.00% New