Vault-13

J P MORGAN EXCHANGE TRADED F JEMA

ACTIVEBLDRS EMER · ETP · CUSIP 46641Q266

92 institutional holders +9 vs Q3 2025
24,825,62224.8m shares reported held*
$1.2bnreported value*
14 new 44 added 19 reduced 10 sold out net sold ≈ $953.6m (-19.5m 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 ($400.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.99.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 27Q4 22: 36Q1 23: 37Q2 23: 43Q3 23: 56Q4 23: 59Q1 24: 62Q2 24: 74Q3 24: 65Q4 24: 69Q1 25: 69Q2 25: 75Q3 25: 83Q4 25: 9292Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202227
Q4 202236
Q1 202337
Q2 202343
Q3 202356
Q4 202359
Q1 202462
Q2 202474
Q3 202465
Q4 202469
Q1 202569
Q2 202575
Q3 202583
Q4 202592

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 40 bought or addedQ1 24: 24 cut or sold outQ2 24: 36 bought or addedQ2 24: 35 cut or sold outQ2 24Q3 24: 26 bought or addedQ3 24: 40 cut or sold outQ4 24: 38 bought or addedQ4 24: 25 cut or sold outQ4 24Q1 25: 41 bought or addedQ1 25: 24 cut or sold outQ2 25: 40 bought or addedQ2 25: 29 cut or sold outQ2 25Q3 25: 45 bought or addedQ3 25: 36 cut or sold outQ4 25: 58 bought or addedQ4 25: 29 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20244024
Q2 20243635
Q3 20242640
Q4 20243825
Q1 20254124
Q2 20254029
Q3 20254536
Q4 20255829

Biggest buyers

MORGAN STANLEY Added +2,689,394+2.7m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +162,666+162.7k
Vestmark Advisory Solutions, Inc. Added +138,884+138.9k
JANE STREET GROUP, LLC Added +121,859+121.9k
Janney Montgomery Scott LLC Added +114,422+114.4k
DAYMARK WEALTH PARTNERS, LLC Added +81,042+81.0k
M Holdings Securities, Inc. New +34,086+34.1k
Cetera Investment Advisers Added +31,474+31.5k
JONES FINANCIAL COMPANIES LLLP Added +27,855+27.9k
Pallas Capital Advisors LLC Added +22,227+22.2k

Biggest sellers

JPMORGAN CHASE & CO Reduced -21,756,919-21.8m
OLD MISSION CAPITAL LLC Sold out -1,139,295-1.1m
TBH Global Asset Management, LLC Sold out -43,167-43.2k
FLOW TRADERS U.S. LLC Reduced -42,327-42.3k
CITADEL ADVISORS LLC Sold out -23,560-23.6k
von Borstel & Associates, Inc. Sold out -10,951-11.0k
CITIGROUP INC Sold out -10,555-10.6k
Perigon Wealth Management, LLC Reduced -7,586-7.6k
Centennial Bank/AR/ Reduced -5,047-5.0k
Dynamic Advisor Solutions LLC Reduced -3,734-3.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 16,294,34316.3m $798.4m $798.4m 0.05% Reduced -21.8m -21,756,919
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,394,3923.4m $166.3m $166.3m 0.01% Added +2.7m +2,689,394
3 Janney Montgomery Scott LLC 0.09% of their portfolio PHILADELPHIA, PA 766,434766.4k $37.6m $37.6m 0.09% Added +114.4k +114,422
4 Vestmark Advisory Solutions, Inc. 0.47% of their portfolio Wakefield, MA 715,884715.9k $35.1m $35.1m 0.47% Added +138.9k +138,884
5 Pallas Capital Advisors LLC 0.70% of their portfolio BRAINTREE, MA 430,251430.3k $21.1m $21.1m 0.70% Added +22.2k +22,227
6 KELLY FINANCIAL GROUP LLC 5.25% of their portfolio Wethersfield, CT 421,311421.3k $20.6m $20.6m 5.25% Added +8.1k +8,052
7 Lido Advisors, LLC 0.06% of their portfolio Los Angeles, CA 293,958294.0k $14.0m $14.0m 0.06% Added +2.1k +2,109
8 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 279,228279.2k $13.7m $13.7m 0.02% Added +121.9k +121,859
9 MLG Wealth Management DBA Pine Grove Financial Group 1.45% of their portfolio WOODBURY, MN 245,031245.0k $12.0m $12.0m 1.45% First filing
10 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 195,059195.1k $9.6m $9.6m 0.00% Added +15.1k +15,056
11 DAYMARK WEALTH PARTNERS, LLC 0.30% of their portfolio CINCINNATI, OH 191,913191.9k $9.4m $9.4m 0.30% Added +81.0k +81,042
12 Wagner Wealth Management, LLC 1.97% of their portfolio GREENVILLE, SC 188,783188.8k $9.3m $9.3m 1.97% Added +5.5k +5,528
13 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 187,634187.6k $9.2m $9.2m 0.01% Added +162.7k +162,666
14 Advantage Trust Co 3.41% of their portfolio SALINA, KS 154,513154.5k $7.6m $7.6m 3.41% Added +10.4k +10,392
15 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 124,425124.4k $6.1m $6.1m 0.00% Added +9.7k +9,718
16 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 106,846106.8k $5.2m $5.2m 0.01% Added +31.5k +31,474
17 Perigon Wealth Management, LLC 0.08% of their portfolio SAN FRANCISCO, CA 88,16688.2k $4.3m $4.3m 0.08% Reduced -7.6k -7,586
18 FLOW TRADERS U.S. LLC 0.09% of their portfolio NEW YORK, NY 56,03356.0k $2.7m $2.7m 0.09% Reduced -42.3k -42,327
19 5T Wealth, LLC 1.08% of their portfolio Napa, CA 55,33655.3k $2.7m $2.7m 1.08% Added +7.5k +7,458
20 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 49,42649.4k $2.4m $2.4m 0.00% Added +27.9k +27,855
21 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 39,08339.1k $1.9m $1.9m 0.00% Added +1.2k +1,207
22 M Holdings Securities, Inc. 0.12% of their portfolio PORTLAND, OR 34,08634.1k $1.7m $1.7m 0.12% New
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 29,21329.2k $1.4m $1.4m 0.00% Added +18.5k +18,453
24 Centennial Bank/AR/ 0.57% of their portfolio CONWAY, AR 29,12729.1k $1.4m $1.4m 0.57% Reduced -5.0k -5,047
25 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 25,47025.5k $1.2m $1.2m 0.00% Added +6.3k +6,300
26 CreativeOne Wealth, LLC 0.03% of their portfolio OVERLAND PARK, KS 23,09823.1k $1.1m $1.1m 0.03% Added +3.6k +3,643
27 Hopwood Nicholas Hunter 0.36% of their portfolio PLYMOUTH, MI 22,69322.7k $1.1m $1.1m 0.36% First filing
28 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 22,56622.6k $1.1m $1.1m 0.00% Added +721 +721
29 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 22,20922.2k $1.1m $1.1m 0.00% Added +4.1k +4,081
30 MassMutual Private Wealth & Trust, FSB 0.02% of their portfolio Windsor, CT 18,06318.1k $885.1k $885.1k 0.02% Added +2.7k +2,749
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 17,16417.2k $881.7k $881.7k 0.00% Reduced -299 -299
32 CWM, LLC 0.00% of their portfolio OMAHA, NE 16,46416.5k $807.0k $807.0k 0.00% Added +725 +725
33 Nautilus Advisors LLC 0.52% of their portfolio La Jolla, CA 16,15816.2k $791.7k $791.7k 0.52% Added +800 +800
34 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 14,99415.0k $734.7k $734.7k 0.00% Added +7.8k +7,795
35 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 14,66914.7k $718.8k $718.8k 0.00% New
36 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 14,52014.5k $711.5k $711.5k 0.00% Reduced -1.9k -1,899
37 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.08% of their portfolio CONCORD, MA 13,98214.0k $685.1k $685.1k 0.08% Reduced -1.2k -1,193
38 First Bank & Trust 0.11% of their portfolio BROOKINGS, SD 13,47613.5k $660.3k $660.3k 0.11% Added +1.6k +1,608
39 LAKE STREET PRIVATE WEALTH, LLC 0.08% of their portfolio CHICAGO, IL 12,82812.8k $628.6k $628.6k 0.08% Added +2.8k +2,822
40 3Chopt Investment Partners, LLC 0.14% of their portfolio RICHMOND, VA 12,57112.6k $616.0k $616.0k 0.14% Added +825 +825
41 Saxony Capital Management, LLC 0.36% of their portfolio ST. LOUIS, MO 12,08612.1k $592.2k $592.2k 0.36% New
42 Merited Wealth, LLC 0.54% of their portfolio NORTH BAY VILLAGE, FL 11,79511.8k $578.0k $578.0k 0.54% First filing
43 Wayfinding Financial, LLC 0.24% of their portfolio LYNNWOOD, WA 11,61111.6k $568.0k $568.0k 0.24% Added +687 +687
44 Elevation Wealth Management LLC 0.54% of their portfolio EDEN PRAIRIE, MN 11,43811.4k $560.5k $560.5k 0.54% First filing
45 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 10,00310.0k $490.0k $490.0k 0.00% New
46 Kingsview Wealth Management, LLC 0.01% of their portfolio GRANTS PASS, OR 9,0649.1k $444.1k $444.1k 0.01% Added +1.5k +1,490
47 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 8,9889.0k $440.4k $440.4k 0.00% Reduced -652 -652
48 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 8,5008.5k $416.5k $416.5k 0.01% Reduced -1.3k -1,300
49 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 8,3948.4k $411.3k $411.3k 0.01% Reduced -47 -47
50 Ascent Group, LLC 0.01% of their portfolio VIRGINIA BEACH, VA 8,1658.2k $400.1k $400.1k 0.01% Added +1.1k +1,075
51 Seneca House Advisors 0.14% of their portfolio RICHMOND, VA 7,7917.8k $381.8k $381.8k 0.14% Added +942 +942
52 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 6,1426.1k $301.0k $301.0k 0.01% Added +766 +766
53 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 6,0626.1k $297.0k $297.0k 0.00% Reduced -124 -124
54 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,6405.6k $276.4k $276.4k 0.00% New
55 GeoWealth Management, LLC 0.01% of their portfolio CHICAGO, IL 5,3315.3k $261.2k $261.2k 0.01% Reduced -2.2k -2,227
56 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 5,2915.3k $259.3k $259.3k 0.01% Reduced -3.7k -3,734
57 FIRETHORN WEALTH PARTNERS, LLC 0.09% of their portfolio AUGUSTA, GA 5,1565.2k $252.6k $252.6k 0.09% Added +256 +256
58 MN Wealth Advisors, LLC 0.12% of their portfolio OVERLAND PARK, KS 4,8684.9k $238.6k $238.6k 0.12% Added +14 +14
59 Strategic Financial Concepts, LLC 0.21% of their portfolio SAN ANTONIO, TX 4,7914.8k $234.7k $234.7k 0.21% New
60 AdvisorNet Financial, Inc 0.01% of their portfolio MINNETONKA, MN 4,4594.5k $218.5k $218.5k 0.01% Added +296 +296
61 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 4,2374.2k $207.6k $207.6k 0.00% Reduced -1.1k -1,093
62 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 0.05% of their portfolio RICHMOND, VA 4,0994.1k $200.9k $200.9k 0.05% New
63 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 3,0343.0k $148.7k $148.7k 0.00% Added +78 +78
64 ORG Partners LLC 0.03% of their portfolio ROANOKE, IN 2,9613.0k $145.1k $145.1k 0.03% Added +442 +442
65 WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio RENO, NV 1,8991.9k $97.6k $97.6k 0.00% Unchanged
66 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,3571.4k $66.5k $66.5k 0.00% Unchanged
67 Keating Financial Advisory Services, Inc. 0.01% of their portfolio MANHATTAN, KS 1,2351.2k $60.5k $60.5k 0.01% First filing
68 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,1881.2k $58.0k $58.0k 0.00% New
69 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 939939 $46.0k $46.0k 0.00% Added +889 +889
70 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 756756 $37.0k $37.0k 0.00% Added +2 +2
71 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 640640 $31.4k $31.4k 0.00% Reduced -14 -14
72 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 550550 $26.9k $26.9k 0.00% Added +72 +72
73 COMERICA BANK 0.00% of their portfolio DALLAS, TX 486486 $23.8k $23.8k 0.00% Reduced -8 -8
74 Capital Analysts, LLC 0.00% of their portfolio FORT WASHINGTON, PA 448448 $22.0k $22.0k 0.00% New
75 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 436436 $21.4k $21.4k 0.00% Unchanged
76 QUADRANT CAPITAL GROUP LLC 0.00% of their portfolio CINCINNATI, OH 385385 $18.9k $18.9k 0.00% New
77 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio ORLANDO, FL 374374 $18.3k $18.3k 0.00% New
78 UBS Group AG 0.00% of their portfolio ZURICH, V8 312312 $15.3k $15.3k 0.00% Reduced -1.9k -1,910
79 WealthShield Partners, LLC 0.00% of their portfolio CARY, NC 232232 $11.4k $11.4k 0.00% Unchanged
80 Cordgrass Capital Advisors, LLC 0.00% of their portfolio RALEIGH, NC 229229 $11.2k $11.2k 0.00% New
81 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 224224 $11.0k $11.0k 0.00% Added +222 +222
82 LGT Financial Advisors LLC 0.07% of their portfolio DALLAS, TX 219219 $10.7k $10.7k 0.07% Reduced -239 -239
83 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 139139 $6.8k $6.8k 0.00% Reduced -63 -63
84 Sound Income Strategies, LLC 0.00% of their portfolio FT LAUDERDALE, FL 100100 $5.2k $5.2k 0.00% Unchanged
85 Tidemark, LLC 0.00% of their portfolio SAN DIEGO, CA 8787 $4.3k $4.3k 0.00% Unchanged
86 Rossby Financial, LCC 0.00% of their portfolio MELBOURNE, FL 7676 $3.7k $3.7k 0.00% Unchanged
87 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 5555 $2.7k $2.7k 0.00% Unchanged
88 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 4242 $2.1k $2.1k 0.00% Added +1 +1
89 Capital Investment Counsel, Inc 0.00% of their portfolio RALEIGH, NC 3838 $1.9k $1.9k 0.00% New
90 Motiv8 Investments LLC 0.00% of their portfolio PORT ST. LUCIE, FL 1919 $1.0k $1.0k 0.00% New
91 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 1515 $735 $735 0.00% Unchanged
92 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 11 $49 $49 0.00% Unchanged