Vault-13

J P MORGAN EXCHANGE TRADED F JEPI

EQUITY PREMIUM · ETP · CUSIP 46641Q332

895 institutional holders +36 vs Q2 2023
242,384,656242.4m shares reported held*
$13.0bnreported value*
103 new 526 added 195 reduced 63 sold out net bought ≈ $859.2m (+14.3m 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 ($22.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $53.62. Options: 5 managers hold calls ($43.6m notional), 5 hold puts ($19.4m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 529Q4 22: 645Q1 23: 757Q2 23: 859Q3 23: 895895Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022529
Q4 2022645
Q1 2023757
Q2 2023859
Q3 2023895

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 23Q3 23: 629 bought or addedQ3 23: 258 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022470127
Q1 2023611140
Q2 2023645183
Q3 2023629258

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ4 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 0.95Q3 23 calls: $43.6mQ3 23 puts: $19.4mQ3 23P/C 0.45
Numbers
QuarterCallsPutsP/C
Q4 2022$52.5m$17.1m0.33
Q1 2023$28.9m$18.9m0.65
Q2 2023$21.2m$20.2m0.95
Q3 2023$43.6m$19.4m0.45

Biggest buyers

MORGAN STANLEY Added +3,531,562+3.5m
ENVESTNET ASSET MANAGEMENT INC Added +1,618,295+1.6m
OSAIC HOLDINGS, INC. Added +1,526,800+1.5m
Bank of New York Mellon Corp Added +1,435,379+1.4m
Clearstead Advisors, LLC Added +1,272,429+1.3m
UBS Group AG Added +1,024,956+1.0m
Enstar Group LTD Added +965,028+965.0k
ROYAL BANK OF CANADA Added +922,303+922.3k
Raymond James Financial Services Advisors, Inc. Added +687,563+687.6k
BANK OF AMERICA CORP /DE/ Added +685,321+685.3k

Biggest sellers

CIBC Private Wealth Group LLC Reduced -2,553,821-2.6m
Prostatis Group LLC Reduced -1,690,075-1.7m
Marks Wealth, LLC Sold out -1,561,090-1.6m
JPMORGAN CHASE & CO Reduced -928,570-928.6k
Compass Ion Advisors, LLC Reduced -800,314-800.3k
JANE STREET GROUP, LLC Sold out -375,844-375.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -341,843-341.8k
Second Half Financial Partners, LLC Sold out -323,199-323.2k
RENAISSANCE TECHNOLOGIES LLC Sold out -292,500-292.5k
NEIRG Wealth Management, LLC Sold out -288,184-288.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $40.2m749.7k shares
WOLVERINE TRADING, LLC Reduced $1.8m33.9k shares
CITADEL ADVISORS LLC Reduced $942.7k17.6k shares
Flow State Investments, L.P. New $680.2k12.7k shares
Cutler Group LLC / CA New $0400 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $13.5m251.2k shares
WOLVERINE TRADING, LLC Added $2.3m43.7k shares
CITADEL ADVISORS LLC Added $2.0m36.8k shares
WELLS FARGO & COMPANY/MN Reduced $1.7m31.0k shares
Cutler Group LLC / CA New $0100 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.18% of their portfolio NEW YORK, NY 32,695,94832.7m $1.8bn $1.8bn 0.18% Added +3.5m +3,531,562
2 BANK OF AMERICA CORP /DE/ 0.18% of their portfolio CHARLOTTE, NC 26,688,19626.7m $1.4bn $1.4bn 0.18% Added +685.3k +685,321
3 JPMORGAN CHASE & CO 0.13% of their portfolio NEW YORK, NY 21,521,73421.5m $1.2bn $1.2bn 0.13% Reduced -928.6k -928,570
4 WELLS FARGO & COMPANY/MN 0.19% of their portfolio SAN FRANCISCO, CA 11,212,18611.2m $600.5m $600.5m 0.19% Added +115.7k +115,719
5 OSAIC HOLDINGS, INC. 0.61% of their portfolio SCOTTSDALE, AZ 7,677,3787.7m $411.3m $411.3m 0.61% Added +1.5m +1,526,800
6 ROYAL BANK OF CANADA 0.11% of their portfolio TORONTO, A6 6,937,5836.9m $371.6m $371.6m 0.11% Added +922.3k +922,303
7 UBS Group AG 0.14% of their portfolio ZURICH, V8 5,795,5575.8m $310.4m $310.4m 0.14% Added +1.0m +1,024,956
8 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 5,521,1875.5m $295.7m $295.7m 0.14% Added +1.6m +1,618,295
9 CIBC Private Wealth Group LLC 0.38% of their portfolio ATLANTA, GA 2,984,6533.0m $159.9m $159.9m 0.38% Reduced -2.6m -2,553,821
10 COMMONWEALTH EQUITY SERVICES, LLC 0.31% of their portfolio WALTHAM, MA 2,806,3042.8m $150.3m $150.3m 0.31% Added +300.8k +300,758
11 Janney Montgomery Scott LLC 0.48% of their portfolio PHILADELPHIA, PA 2,423,5462.4m $129.8m $129.8m 0.48% Added +23.0k +23,028
12 RiverFront Investment Group, LLC 4.30% of their portfolio RICHMOND, VA 2,264,3572.3m $121.3m $121.3m 4.30% Added +37.4k +37,422
13 MML INVESTORS SERVICES, LLC 0.66% of their portfolio SPRINGFIELD, MA 2,227,3392.2m $119.3m $119.3m 0.66% Added +433.6k +433,589
14 Clearstead Advisors, LLC 3.45% of their portfolio CLEVELAND, OH 2,218,6062.2m $118.8m $118.8m 3.45% Added +1.3m +1,272,429
15 Requisite Capital Management, LLC 29.09% of their portfolio DALLAS, TX 2,136,6342.1m $114.4m $114.4m 29.09% Added +72.2k +72,216
16 Cetera Advisor Networks LLC 0.67% of their portfolio EL SEGUNDO, CA 1,973,4932.0m $105.7m $105.7m 0.67% Added +228.7k +228,699
17 Cambridge Investment Research Advisors, Inc. 0.49% of their portfolio FAIRFIELD, IA 1,949,0561.9m $104.4m $104.4m 0.49% Reduced -260.7k -260,658
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.13% of their portfolio MILWAUKEE, WI 1,932,7581.9m $103.5m $103.5m 0.13% Added +233.9k +233,912
19 STIFEL FINANCIAL CORP 0.14% of their portfolio ST. LOUIS, MO 1,860,6881.9m $99.7m $99.7m 0.14% Added +511.2k +511,206
20 RAYMOND JAMES & ASSOCIATES 0.08% of their portfolio ST PETERSBURG, FL 1,824,2471.8m $97.7m $97.7m 0.08% Added +430.2k +430,214
21 Enstar Group LTD 30.92% of their portfolio Hamilton, D0 1,743,3761.7m $93.4m $93.4m 30.92% Added +965.0k +965,028
22 Cornerstone Advisory, LLC 14.89% of their portfolio HUNT VALLEY, MD 1,588,8311.6m $85.1m $85.1m 14.89% Added +46.3k +46,322
23 HighTower Advisors, LLC 0.16% of their portfolio CHICAGO, IL 1,559,0931.6m $83.5m $83.5m 0.16% Added +410.3k +410,256
24 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 1,555,8581.6m $83.3m $83.3m 0.04% Added +29.9k +29,909
25 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,536,3711.5m $82.3m $82.3m 0.02% Added +1.4m +1,435,379
26 Raymond James Financial Services Advisors, Inc. 0.12% of their portfolio ST. PETERSBURG, FL 1,278,2361.3m $68.5m $68.5m 0.12% Added +687.6k +687,563
27 Rockefeller Capital Management L.P. 0.26% of their portfolio NEW YORK, NY 1,265,9041.3m $67.8m $67.8m 0.26% Added +101.7k +101,689
28 Gradient Investments LLC 1.72% of their portfolio ARDEN HILLS, MN 1,216,5451.2m $65.2m $65.2m 1.72% Added +41.1k +41,056
29 Hamilton Capital Partners Inc. 23.66% of their portfolio TORONTO, A6 1,214,7181.2m $65.1m $65.1m 23.66% Reduced -21.2k -21,249
30 FAS Wealth Partners, Inc. 6.82% of their portfolio LEAWOOD, KS 1,190,3271.2m $63.8m $63.8m 6.82% Added +33.8k +33,756
31 RATIONAL ADVISORS, INC. 5.04% of their portfolio San Juan, PR 1,040,2701.0m $55.7m $55.7m 5.04% Added +20.1k +20,137
32 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 1,039,9341.0m $55.7m $55.7m 0.09% Reduced -74.5k -74,463
33 AE Wealth Management LLC 0.32% of their portfolio TOPEKA, KS 1,001,6261.0m $53.6m $53.6m 0.32% Added +12.1k +12,059
34 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 970,907970.9k $52.0m $52.0m 0.04% Added +86.4k +86,394
35 Moss Adams Wealth Advisors LLC 17.10% of their portfolio SEATTLE, WA 935,777935.8k $50.1m $50.1m 17.10% Added +21.7k +21,695
36 Cetera Advisors LLC 0.77% of their portfolio DENVER, CO 922,490922.5k $49.4m $49.4m 0.77% Added +168.5k +168,516
37 Lebenthal Global Advisors, LLC 14.33% of their portfolio Hauppauge, NY 888,730888.7k $47.6m $47.6m 14.33% Reduced -6.5k -6,548
38 NOTTINGHAM ADVISORS, INC. 5.75% of their portfolio AMHERST, NY 785,982786.0k $37.2m $37.2m 5.75% Added +11.2k +11,167
39 CAMBRIDGE TRUST CO 1.94% of their portfolio BOSTON, MA 784,641784.6k $42.0m $42.0m 1.94% Reduced -2.0k -2,038
40 New York Life Investment Management LLC 0.45% of their portfolio New York, NY 780,542780.5k $41.8m $41.8m 0.45% Reduced -46.2k -46,208
41 Americana Partners, LLC 5.96% of their portfolio Houston, TX 762,457762.5k $55.2m $55.2m 5.96% Added +4.2k +4,211
42 Allworth Financial LP 0.33% of their portfolio FOLSOM, CA 729,017729.0k $39.0m $39.0m 0.33% Added +28.6k +28,638
43 CAPITAL ADVISORS INC/OK 1.01% of their portfolio TULSA, OK 718,146718.1k $38.5m $38.5m 1.01% Added +106.6k +106,571
44 Atlantic Union Bankshares Corp 3.93% of their portfolio GLEN ALLEN, VA 716,822716.8k $38.4m $38.4m 3.93% Added +1.4k +1,351
45 LEE JOHNSON CAPITAL MANAGEMENT, LLC 35.46% of their portfolio FORT WORTH, TX 700,333700.3k $37.5m $37.5m 35.46% Reduced -171.5k -171,504
46 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 695,121695.1k $37.2m $37.2m 0.03% Added +58.7k +58,689
47 Brookstone Capital Management 0.81% of their portfolio WHEATON, IL 690,523690.5k $36.7m $36.7m 0.81% Added +65.5k +65,480
48 Atria Wealth Solutions, Inc. 0.51% of their portfolio NEW YORK, NY 674,483674.5k $36.1m $36.1m 0.51% Added +16.9k +16,922
49 Baird Financial Group, Inc. 0.09% of their portfolio MILWAUKEE, WI 648,881648.9k $34.8m $34.8m 0.09% Added +109.4k +109,408
50 Capital Investment Advisors, LLC 0.96% of their portfolio ATLANTA, GA 648,606648.6k $34.7m $34.7m 0.96% Added +52.4k +52,438
51 B & T Capital Management DBA Alpha Capital Management 8.09% of their portfolio AUSTIN, TX 645,106645.1k $34.6m $34.6m 8.09% New
52 Aptus Capital Advisors, LLC 1.00% of their portfolio FAIRHOPE, AL 640,159640.2k $34.3m $34.3m 1.00% Reduced -37.5k -37,539
53 Cetera Investment Advisers 0.29% of their portfolio SCHAUMBURG, IL 625,349625.3k $33.5m $33.5m 0.29% Added +71.6k +71,558
54 Pacific Center for Financial Services 11.35% of their portfolio DANVILLE, CA 624,006624.0k $33.4m $33.4m 11.35% Added +10.1k +10,126
55 FIRST FOUNDATION ADVISORS 1.54% of their portfolio Irvine, CA 616,797616.8k $33.0m $33.0m 1.54% Added +277.0k +276,953
56 Sage Advisory Services, Ltd.Co. 9.12% of their portfolio AUSTIN, TX 608,755608.8k $32.6m $32.6m 9.12% Added +21.5k +21,545
57 OAKWORTH CAPITAL, INC. 2.95% of their portfolio BIRMINGHAM, AL 605,267605.3k $32.4m $32.4m 2.95% Reduced -31.7k -31,701
58 Ergawealth Advisors, Inc. 22.23% of their portfolio OAK BROOK, IL 601,411601.4k $32.2m $32.2m 22.23% Reduced -12.9k -12,862
59 PINNACLE ASSOCIATES LTD 0.60% of their portfolio NEW YORK, NY 600,957601.0k $32.2m $32.2m 0.60% Added +26.9k +26,930
60 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 600,000600.0k $32.1m $32.1m 0.03% Reduced -150.0k -150,000
61 COMERICA BANK 0.17% of their portfolio DALLAS, TX 592,706592.7k $31.7m $31.7m 0.17% New
62 Prime Capital Investment Advisors, LLC 0.65% of their portfolio OVERLAND PARK, KS 592,642592.6k $31.7m $31.7m 0.65% Reduced -123.3k -123,270
63 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio PLYMOUTH, MN 583,184583.2k $31.2m $31.2m 0.10% New
64 Magnus Financial Group LLC 4.47% of their portfolio NEW YORK, NY 571,512571.5k $30.6m $30.6m 4.47% Reduced -887 -887
65 AVANTAX ADVISORY SERVICES, INC. 0.34% of their portfolio DALLAS, TX 563,064563.1k $30.2m $30.2m 0.34% Added +393.2k +393,245
66 Financial Partners Group, Inc 5.94% of their portfolio Overland Park, KS 540,268540.3k $28.8m $28.8m 5.94% Added +21.0k +20,979
67 CENTRAL TRUST Co 0.82% of their portfolio JEFFERSON CITY, MO 531,654531.7k $28.5m $28.5m 0.82% Added +32.4k +32,441
68 CFO4Life Group, LLC 6.47% of their portfolio COPPELL, TX 522,975523.0k $28.0m $28.0m 6.47% Added +25.8k +25,820
69 Graypoint LLC 2.62% of their portfolio Albany, NY 520,673520.7k $27.9m $27.9m 2.62% Added +68.3k +68,258
70 Kathmere Capital Management, LLC 4.11% of their portfolio WAYNE, PA 518,071518.1k $27.7m $27.7m 4.11% Added +25.1k +25,133
71 Kestra Advisory Services, LLC 0.26% of their portfolio AUSTIN, TX 500,851500.9k $26.8m $26.8m 0.26% Added +35.5k +35,524
72 Eaton Financial Holdings Company, LLC 7.17% of their portfolio Coral Springs, FL 499,758499.8k $26.8m $26.8m 7.17% Reduced -27.6k -27,587
73 Leverty Financial Group, LLC 19.03% of their portfolio HUDSON, WI 489,281489.3k $26.2m $26.2m 19.03% Added +175.3k +175,340
74 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 470,101470.1k $25.2m $25.2m 0.06% Reduced -51.5k -51,484
75 Steward Partners Investment Advisory, LLC 0.39% of their portfolio STAMFORD, CT 468,378468.4k $25.1m $25.1m 0.39% Added +48.2k +48,190
76 Prospera Financial Services Inc 0.95% of their portfolio Dallas, TX 459,378459.4k $24.6m $24.6m 0.95% Added +51.8k +51,833
77 Bouchey Financial Group, Ltd. 3.00% of their portfolio TROY, NY 456,968457.0k $24.5m $24.5m 3.00% Added +6.0k +6,037
78 B. Riley Wealth Advisors, Inc. 0.66% of their portfolio MEMPHIS, TN 454,629454.6k $24.3m $24.3m 0.66% Reduced -18.5k -18,492
79 Integrated Wealth Concepts LLC 0.43% of their portfolio WALTHAM, MA 451,242451.2k $24.2m $24.2m 0.43% Reduced -82.4k -82,399
80 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 1.30% of their portfolio RICHMOND, VA 450,497450.5k $24.1m $24.1m 1.30% Added +66.2k +66,157
81 Corrigan Financial, Inc. 7.96% of their portfolio MIDDLETOWN, RI 437,514437.5k $23.4m $23.4m 7.96% Reduced -6.2k -6,203
82 American Planning Services, Inc. 15.54% of their portfolio Sun City Center, FL 436,589436.6k $23.4m $23.4m 15.54% Added +10.4k +10,393
83 Coastal Bridge Advisors, LLC 6.23% of their portfolio WESTPORT, CT 433,948433.9k $23.2m $23.2m 6.23% Reduced -79.4k -79,444
84 Wagner Wealth Management, LLC 8.39% of their portfolio GREENVILLE, SC 426,360426.4k $22.8m $22.8m 8.39% Added +6.4k +6,410
85 FSA WEALTH PARTNERS, INC. 10.70% of their portfolio Rockville, MD 408,803408.8k $21.9m $21.9m 10.70% Reduced -4.5k -4,463
86 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 402,375402.4k $21.6m $21.6m 0.05% Added +34 +34
87 Confluence Wealth Services, Inc. 4.23% of their portfolio MCMURRAY, PA 400,505400.5k $21.5m $21.5m 4.23% Added +51.9k +51,904
88 Tradition Wealth Management, LLC 2.47% of their portfolio EDINA, MN 386,686386.7k $20.7m $20.7m 2.47% Added +9.0k +8,997
89 GUARDIAN WEALTH ADVISORS, LLC / NC 3.50% of their portfolio RALEIGH, NC 384,306384.3k $20.6m $20.6m 3.50% Reduced -43.0k -42,955
90 Integrated Advisors Network LLC 1.25% of their portfolio DALLAS, TX 379,315379.3k $20.3m $20.3m 1.25% Reduced -2.6k -2,608
91 Bernardo Wealth Planning LLC 7.89% of their portfolio HARLEYSVILLE, PA 372,586372.6k $20.0m $20.0m 7.89% Added +17.5k +17,542
92 Richard P Slaughter Associates Inc 5.33% of their portfolio AUSTIN, TX 371,352371.4k $19.9m $19.9m 5.33% Reduced -158.7k -158,720
93 PATTEN & PATTEN INC/TN 1.71% of their portfolio CHATTANOOGA, TN 362,423362.4k $19.4m $19.4m 1.71% Added +26.8k +26,825
94 HILLTOP WEALTH ADVISORS, LLC 14.94% of their portfolio CHAPEL HILL, NC 360,428360.4k $19.3m $19.3m 14.94% Added +4.8k +4,840
95 STEPHENS INC /AR/ 0.37% of their portfolio LITTLE ROCK, AR 360,200360.2k $19.3m $19.3m 0.37% Added +62.5k +62,491
96 Bricktown Capital, LLC 3.81% of their portfolio DETROIT, MI 358,000358.0k $19.2m $19.2m 3.81% Added +108.0k +108,000
97 Mutual Advisors, LLC 0.75% of their portfolio OMAHA, NE 356,955357.0k $19.1m $19.1m 0.75% Added +10.4k +10,357
98 Ocean Park Asset Management, LLC 0.85% of their portfolio SANTA MONICA, CA 355,082355.1k $19.0m $19.0m 0.85% Added +9.0k +8,964
99 ELEMENT POINTE ADVISORS, LLC 6.05% of their portfolio MIAMI, FL 354,558354.6k $19.0m $19.0m 6.05% Added +11.4k +11,441
100 Fragasso Financial Advisors Inc 1.99% of their portfolio SEWICKLEY, PA 353,621353.6k $18.9m $18.9m 1.99% Added +3.1k +3,114