Vault-13

J P MORGAN EXCHANGE TRADED F JEPI

EQUITY PREMIUM · ETP · CUSIP 46641Q332

859 institutional holders +102 vs Q1 2023
230,229,381230.2m shares reported held*
$12.6bnreported value*
131 new 514 added 145 reduced 38 sold out net bought ≈ $1.5bn (+28.8m 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 ($26.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.91. Options: 4 managers hold calls ($21.2m notional), 5 hold puts ($20.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 529Q4 22: 645Q1 23: 757Q2 23: 859859Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022529
Q4 2022645
Q1 2023757
Q2 2023859

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 470 bought or addedQ4 22: 127 cut or sold outQ4 22Q1 23: 611 bought or addedQ1 23: 140 cut or sold outQ1 23Q2 23: 645 bought or addedQ2 23: 183 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022470127
Q1 2023611140
Q2 2023645183

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 22 calls: $13.0mQ3 22 puts: $8.5mQ3 22P/C 0.65Q4 22 calls: $52.5mQ4 22 puts: $17.1mQ4 22P/C 0.33Q1 23 calls: $28.9mQ1 23 puts: $18.9mQ1 23P/C 0.65Q2 23 calls: $21.2mQ2 23 puts: $20.2mQ2 23P/C 0.95
Numbers
QuarterCallsPutsP/C
Q3 2022$13.0m$8.5m0.65
Q4 2022$52.5m$17.1m0.33
Q1 2023$28.9m$18.9m0.65
Q2 2023$21.2m$20.2m0.95

Biggest buyers

MORGAN STANLEY Added +3,964,934+4.0m
BANK OF AMERICA CORP /DE/ Added +2,992,345+3.0m
Prostatis Group LLC Added +1,709,127+1.7m
Marks Wealth, LLC New +1,561,090+1.6m
RiverFront Investment Group, LLC Added +1,424,332+1.4m
OSAIC HOLDINGS, INC. Added +1,118,083+1.1m
UBS Group AG Added +1,101,649+1.1m
ENVESTNET ASSET MANAGEMENT INC Added +981,773+981.8k
New York Life Investment Management LLC New +826,750+826.8k
CIBC Private Wealth Group LLC Added +810,136+810.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -4,124,035-4.1m
J.P. Morgan Private Wealth Advisors LLC Sold out -3,321,921-3.3m
Avidian Wealth Enterprises, LLC Reduced -426,244-426.2k
Sigma Planning Corp Reduced -211,043-211.0k
Arete Wealth Advisors, LLC Reduced -167,128-167.1k
CAPTRUST FINANCIAL ADVISORS Reduced -144,872-144.9k
OLD MISSION CAPITAL LLC Reduced -142,377-142.4k
Transform Wealth, LLC Reduced -130,447-130.4k
Kestra Advisory Services, LLC Reduced -129,983-130.0k
Copperwynd Financial, LLC Reduced -119,793-119.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $16.6m300.7k shares
CITADEL ADVISORS LLC Reduced $2.6m47.3k shares
WOLVERINE TRADING, LLC Reduced $2.0m36.0k shares
HAP Trading, LLC New $6.0k12.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $14.0m253.0k shares
WOLVERINE TRADING, LLC Reduced $2.4m43.1k shares
WELLS FARGO & COMPANY/MN Added $1.8m32.5k shares
CITADEL ADVISORS LLC Reduced $1.5m26.8k shares
Belvedere Trading LLC Reduced $547.8k9.9k shares

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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.16% of their portfolio NEW YORK, NY 29,164,38629.2m $1.6bn $1.6bn 0.16% Added +4.0m +3,964,934
2 BANK OF AMERICA CORP /DE/ 0.17% of their portfolio CHARLOTTE, NC 26,002,87526.0m $1.4bn $1.4bn 0.17% Added +3.0m +2,992,345
3 JPMORGAN CHASE & CO 0.14% of their portfolio NEW YORK, NY 22,450,30422.5m $1.2bn $1.2bn 0.14% Reduced -4.1m -4,124,035
4 WELLS FARGO & COMPANY/MN 0.18% of their portfolio SAN FRANCISCO, CA 11,096,46711.1m $614.0m $614.0m 0.18% Added +662.3k +662,274
5 OSAIC HOLDINGS, INC. 0.61% of their portfolio SCOTTSDALE, AZ 6,150,5786.2m $340.0m $340.0m 0.61% Added +1.1m +1,118,083
6 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 6,015,2806.0m $332.8m $332.8m 0.09% Added +526.4k +526,392
7 CIBC Private Wealth Group LLC 0.34% of their portfolio ATLANTA, GA 5,538,4745.5m $306.4m $306.4m 0.34% Added +810.1k +810,136
8 UBS Group AG 0.11% of their portfolio ZURICH, V8 4,770,6014.8m $264.0m $264.0m 0.11% Added +1.1m +1,101,649
9 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 3,902,8923.9m $215.9m $215.9m 0.10% Added +981.8k +981,773
10 COMMONWEALTH EQUITY SERVICES, LLC 0.28% of their portfolio WALTHAM, MA 2,505,5462.5m $138.6m $138.6m 0.28% Added +465.0k +465,046
11 Janney Montgomery Scott LLC 0.46% of their portfolio PHILADELPHIA, PA 2,400,5182.4m $132.8m $132.8m 0.46% Added +384.8k +384,789
12 RiverFront Investment Group, LLC 4.01% of their portfolio RICHMOND, VA 2,226,9352.2m $123.2m $123.2m 4.01% Added +1.4m +1,424,332
13 Cambridge Investment Research Advisors, Inc. 0.56% of their portfolio FAIRFIELD, IA 2,209,7142.2m $122.3m $122.3m 0.56% Added +288.7k +288,697
14 Requisite Capital Management, LLC 29.03% of their portfolio DALLAS, TX 2,064,4182.1m $114.2m $114.2m 29.03% Added +576 +576
15 MML INVESTORS SERVICES, LLC 0.55% of their portfolio SPRINGFIELD, MA 1,793,7501.8m $99.2m $99.2m 0.55% Added +384.0k +384,006
16 Cetera Advisor Networks LLC 0.67% of their portfolio EL SEGUNDO, CA 1,744,7941.7m $96.5m $96.5m 0.67% Added +267.0k +267,000
17 Prostatis Group LLC 0.84% of their portfolio HANOVER, MD 1,729,0501.7m $1.8m $1.8m 0.84% Added +1.7m +1,709,127
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.12% of their portfolio MILWAUKEE, WI 1,698,8461.7m $94.0m $94.0m 0.12% Added +340.4k +340,361
19 Marks Wealth, LLC 89.20% of their portfolio ELLICOTT CITY, MD 1,561,0901.6m $86.4m $86.4m 89.20% New
20 Cornerstone Advisory, LLC 14.99% of their portfolio HUNT VALLEY, MD 1,542,5091.5m $85.3m $85.3m 14.99% Added +43.5k +43,497
21 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 1,525,9491.5m $84.4m $84.4m 0.04% Reduced -6.1k -6,144
22 PFS INVESTMENTS INC. 1.31% of their portfolio DULUTH, GA 1,452,3381.5m $80.4m $80.4m 1.31% Added +19.4k +19,380
23 RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio ST PETERSBURG, FL 1,394,0331.4m $77.1m $77.1m 0.06% Added +469.9k +469,937
24 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 1,349,4821.3m $74.7m $74.7m 0.10% Added +652.7k +652,694
25 Hamilton Capital Partners Inc. 24.85% of their portfolio TORONTO, A6 1,235,9671.2m $68.4m $68.4m 24.85% Added +143.8k +143,797
26 Gradient Investments LLC 1.67% of their portfolio ARDEN HILLS, MN 1,175,4891.2m $65.0m $65.0m 1.67% Added +368.7k +368,726
27 Rockefeller Capital Management L.P. 0.25% of their portfolio NEW YORK, NY 1,164,2151.2m $64.4m $64.4m 0.25% First filing
28 FAS Wealth Partners, Inc. 8.09% of their portfolio LEAWOOD, KS 1,156,5711.2m $64.0m $64.0m 8.09% Added +82.4k +82,376
29 HighTower Advisors, LLC 0.13% of their portfolio CHICAGO, IL 1,148,8371.1m $63.6m $63.6m 0.13% Added +187.6k +187,564
30 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 1,114,3971.1m $61.7m $61.7m 0.10% Added +134.0k +133,982
31 RATIONAL ADVISORS, INC. 4.67% of their portfolio San Juan, PR 1,020,1331.0m $56.4m $56.4m 4.67% Reduced -12.1k -12,081
32 AE Wealth Management LLC 0.33% of their portfolio TOPEKA, KS 989,567989.6k $54.8m $54.8m 0.33% Added +385.7k +385,749
33 Clearstead Advisors, LLC 3.17% of their portfolio CLEVELAND, OH 946,177946.2k $52.4m $52.4m 3.17% Added +157.6k +157,572
34 Moss Adams Wealth Advisors LLC 16.51% of their portfolio SEATTLE, WA 914,082914.1k $50.6m $50.6m 16.51% Added +36.9k +36,860
35 Lebenthal Global Advisors, LLC 14.37% of their portfolio Hauppauge, NY 895,278895.3k $49.5m $49.5m 14.37% Reduced -15.5k -15,502
36 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 884,513884.5k $48.9m $48.9m 0.04% Added +171.3k +171,287
37 LEE JOHNSON CAPITAL MANAGEMENT, LLC 45.71% of their portfolio FORT WORTH, TX 871,837871.8k $48.2m $48.2m 45.71% Added +206.0k +206,019
38 Compass Ion Advisors, LLC 11.65% of their portfolio CONSHOHOCKEN, PA 828,915828.9k $45.9m $45.9m 11.65% Reduced -85.9k -85,935
39 New York Life Investment Management LLC 0.48% of their portfolio New York, NY 826,750826.8k $45.7m $45.7m 0.48% New
40 CAMBRIDGE TRUST CO 1.97% of their portfolio BOSTON, MA 786,679786.7k $43.5m $43.5m 1.97% Added +12.3k +12,309
41 Enstar Group LTD 12.89% of their portfolio Hamilton, D0 778,348778.3k $43.1m $43.1m 12.89% New
42 NOTTINGHAM ADVISORS, INC. 5.62% of their portfolio AMHERST, NY 774,815774.8k $42.9m $42.9m 5.62% Added +4.3k +4,295
43 Americana Partners, LLC 5.40% of their portfolio Houston, TX 758,246758.2k $42.0m $42.0m 5.40% Added +558.5k +558,508
44 Cetera Advisors LLC 0.66% of their portfolio DENVER, CO 753,974754.0k $41.7m $41.7m 0.66% Added +64.7k +64,690
45 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 750,000750.0k $41.5m $41.5m 0.03% Added +325.0k +325,000
46 Prime Capital Investment Advisors, LLC 0.78% of their portfolio OVERLAND PARK, KS 715,912715.9k $39.6m $39.6m 0.78% Added +427.0k +426,952
47 Atlantic Union Bankshares Corp 3.95% of their portfolio GLEN ALLEN, VA 715,471715.5k $39.6m $39.6m 3.95% Added +50.7k +50,713
48 Allworth Financial LP 0.33% of their portfolio FOLSOM, CA 700,379700.4k $38.8m $38.8m 0.33% Added +61.6k +61,585
49 Aptus Capital Advisors, LLC 1.10% of their portfolio FAIRHOPE, AL 677,698677.7k $37.5m $37.5m 1.10% Added +30.6k +30,605
50 Atria Wealth Solutions, Inc. 0.50% of their portfolio NEW YORK, NY 657,561657.6k $36.4m $36.4m 0.50% Added +117.3k +117,301
51 OAKWORTH CAPITAL, INC. 2.99% of their portfolio BIRMINGHAM, AL 636,968637.0k $35.2m $35.2m 2.99% New
52 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 636,432636.4k $35.2m $35.2m 0.03% Added +92.5k +92,502
53 Brookstone Capital Management 0.69% of their portfolio WHEATON, IL 625,043625.0k $34.1m $34.1m 0.69% Added +68.6k +68,573
54 Ergawealth Advisors, Inc. 23.30% of their portfolio OAK BROOK, IL 614,273614.3k $34.0m $34.0m 23.30% Added +123.8k +123,751
55 Pacific Center for Financial Services 11.17% of their portfolio DANVILLE, CA 613,880613.9k $34.0m $34.0m 11.17% Added +13.6k +13,605
56 CAPITAL ADVISORS INC/OK 0.86% of their portfolio TULSA, OK 611,575611.6k $33.8m $33.8m 0.86% Added +197.4k +197,371
57 Capital Investment Advisors, LLC 1.01% of their portfolio ATLANTA, GA 596,168596.2k $33.0m $33.0m 1.01% Added +98.1k +98,098
58 Raymond James Financial Services Advisors, Inc. 0.06% of their portfolio ST. PETERSBURG, FL 590,673590.7k $32.7m $32.7m 0.06% Added +150.0k +149,954
59 Sage Advisory Services, Ltd.Co. 9.48% of their portfolio AUSTIN, TX 587,210587.2k $32.5m $32.5m 9.48% Reduced -4.1k -4,083
60 PINNACLE ASSOCIATES LTD 0.55% of their portfolio NEW YORK, NY 574,027574.0k $31.8m $31.8m 0.55% Added +45.2k +45,199
61 Magnus Financial Group LLC 4.52% of their portfolio NEW YORK, NY 572,399572.4k $31.7m $31.7m 4.52% Reduced -3.6k -3,647
62 Cetera Investment Advisers 0.26% of their portfolio SCHAUMBURG, IL 553,791553.8k $30.6m $30.6m 0.26% Reduced -22.7k -22,743
63 Baird Financial Group, Inc. 0.08% of their portfolio MILWAUKEE, WI 539,473539.5k $29.8m $29.8m 0.08% Added +183.0k +183,032
64 Integrated Wealth Concepts LLC 0.51% of their portfolio WALTHAM, MA 533,641533.6k $29.5m $29.5m 0.51% Added +284.0k +284,039
65 Richard P Slaughter Associates Inc 8.44% of their portfolio AUSTIN, TX 530,072530.1k $29.3m $29.3m 8.44% Added +4.4k +4,438
66 Eaton Financial Holdings Company, LLC 21.99% of their portfolio Coral Springs, FL 527,345527.3k $29.2m $29.2m 21.99% Added +27.4k +27,385
67 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 521,585521.6k $28.8m $28.8m 0.07% Added +188.7k +188,709
68 Financial Partners Group, Inc 5.80% of their portfolio Overland Park, KS 519,289519.3k $28.6m $28.6m 5.80% Added +32.3k +32,346
69 Coastal Bridge Advisors, LLC 6.96% of their portfolio WESTPORT, CT 513,392513.4k $28.4m $28.4m 6.96% Added +59.3k +59,280
70 CENTRAL TRUST Co 0.77% of their portfolio JEFFERSON CITY, MO 499,213499.2k $27.6m $27.6m 0.77% Added +26.7k +26,746
71 CFO4Life Group, LLC 5.90% of their portfolio COPPELL, TX 497,155497.2k $27.5m $27.5m 5.90% Added +24.2k +24,217
72 Kathmere Capital Management, LLC 4.24% of their portfolio WAYNE, PA 492,938492.9k $27.3m $27.3m 4.24% New
73 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 486,200486.2k $26.9m $26.9m 0.04% Added +369.2k +369,200
74 B. Riley Wealth Advisors, Inc. 0.59% of their portfolio MEMPHIS, TN 473,121473.1k $26.2m $26.2m 0.59% Added +27.4k +27,401
75 Kestra Advisory Services, LLC 0.26% of their portfolio AUSTIN, TX 465,327465.3k $25.7m $25.7m 0.26% Reduced -130.0k -129,983
76 Graypoint LLC 2.49% of their portfolio Albany, NY 452,415452.4k $25.0m $25.0m 2.49% Added +47.3k +47,257
77 HBW ADVISORY SERVICES LLC 5.43% of their portfolio SIMI VALLEY, CA 452,043452.0k $25.0m $25.0m 5.43% Added +19.3k +19,253
78 Bouchey Financial Group, Ltd. 3.02% of their portfolio TROY, NY 450,931450.9k $25.0m $25.0m 3.02% Added +3.2k +3,179
79 Ten Capital Wealth Advisors, LLC 7.22% of their portfolio SPOKANE, WA 449,845449.8k $24.9m $24.9m 7.22% Reduced -13.1k -13,104
80 Corrigan Financial, Inc. 7.70% of their portfolio MIDDLETOWN, RI 443,717443.7k $24.6m $24.6m 7.70% Added +5.9k +5,881
81 GUARDIAN WEALTH ADVISORS, LLC / NC 4.05% of their portfolio RALEIGH, NC 427,261427.3k $23.6m $23.6m 4.05% Added +30.4k +30,358
82 American Planning Services, Inc. 15.45% of their portfolio Sun City Center, FL 426,196426.2k $23.6m $23.6m 15.45% Added +2.8k +2,777
83 Steward Partners Investment Advisory, LLC 0.35% of their portfolio STAMFORD, CT 420,188420.2k $23.2m $23.2m 0.35% Added +51.3k +51,325
84 Wagner Wealth Management, LLC 8.87% of their portfolio GREENVILLE, SC 419,950419.9k $23.2m $23.2m 8.87% Added +91.4k +91,407
85 FSA WEALTH PARTNERS, INC. 9.45% of their portfolio Rockville, MD 413,266413.3k $22.9m $22.9m 9.45% Reduced -3.2k -3,212
86 Prospera Financial Services Inc 0.86% of their portfolio Dallas, TX 407,545407.5k $22.6m $22.6m 0.86% Added +25.5k +25,537
87 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 402,341402.3k $22.3m $22.3m 0.05% Reduced -19.5k -19,452
88 SYNOVUS FINANCIAL CORP 0.24% of their portfolio Columbus, GA 401,700401.7k $22.2m $22.2m 0.24% Added +58.9k +58,902
89 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 1.37% of their portfolio RICHMOND, VA 384,340384.3k $21.3m $21.3m 1.37% Added +51.0k +50,972
90 Integrated Advisors Network LLC 1.22% of their portfolio DALLAS, TX 381,923381.9k $21.1m $21.1m 1.22% Added +99.7k +99,667
91 Tradition Wealth Management, LLC 2.44% of their portfolio EDINA, MN 377,689377.7k $20.9m $20.9m 2.44% Added +18.9k +18,923
92 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 375,844375.8k $20.8m $20.8m 0.03% Added +301.8k +301,835
93 Johnson Bixby & Associates, LLC 4.30% of their portfolio VANCOUVER, WA 374,925374.9k $20.7m $20.7m 4.30% Added +10.3k +10,338
94 HILLTOP WEALTH ADVISORS, LLC 14.51% of their portfolio CHAPEL HILL, NC 355,588355.6k $19.7m $19.7m 14.51% New
95 Bernardo Wealth Planning LLC 7.83% of their portfolio HARLEYSVILLE, PA 355,044355.0k $19.6m $19.6m 7.83% Added +17.5k +17,537
96 CAPTRUST FINANCIAL ADVISORS 0.08% of their portfolio RALEIGH, NC 354,998355.0k $19.6m $19.6m 0.08% Reduced -144.9k -144,872
97 Financial Architects, Inc 2.96% of their portfolio MARLTON, NJ 354,120354.1k $19.6m $19.6m 2.96% Added +22.6k +22,556
98 Fragasso Financial Advisors Inc 2.07% of their portfolio SEWICKLEY, PA 350,507350.5k $19.4m $19.4m 2.07% Added +1.0k +1,048
99 Confluence Wealth Services, Inc. 4.09% of their portfolio MCMURRAY, PA 348,601348.6k $19.3m $19.3m 4.09% Added +17.9k +17,883
100 Mutual Advisors, LLC 0.73% of their portfolio OMAHA, NE 346,598346.6k $19.2m $19.2m 0.73% Added +27.9k +27,887