Vault-13

J P MORGAN EXCHANGE TRADED F JEPI

EQUITY PREMIUM · ETP · CUSIP 46641Q332

1,003 institutional holders +108 vs Q3 2023
301,949,377301.9m shares reported held*
$16.6bnreported value*
98 new 469 added 288 reduced 57 sold out net bought ≈ $3.1bn (+56.6m 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 ($24.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.99. Options: 4 managers hold calls ($18.9m notional), 6 hold puts ($36.6m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 529Q4 22: 645Q1 23: 757Q2 23: 859Q3 23: 895Q4 23: 1,0031,003Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022529
Q4 2022645
Q1 2023757
Q2 2023859
Q3 2023895
Q4 20231,003

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 23Q4 23: 567 bought or addedQ4 23: 345 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022470127
Q1 2023611140
Q2 2023645183
Q3 2023629258
Q4 2023567345

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 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 0.45Q4 23 calls: $18.9mQ4 23 puts: $36.6mQ4 23P/C 1.93
Numbers
QuarterCallsPutsP/C
Q1 2023$28.9m$18.9m0.65
Q2 2023$21.2m$20.2m0.95
Q3 2023$43.6m$19.4m0.45
Q4 2023$18.9m$36.6m1.93

Biggest buyers

MORGAN STANLEY Added +34,832,236+34.8m
JPMORGAN CHASE & CO Added +20,912,310+20.9m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +838,342+838.3k
Confluence Wealth Services, Inc. Added +558,295+558.3k
HighTower Advisors, LLC Added +550,536+550.5k
Raymond James Financial Services Advisors, Inc. Added +521,369+521.4k
CWM, LLC Added +410,768+410.8k
ENVESTNET ASSET MANAGEMENT INC Added +315,588+315.6k
Delta Investment Management, LLC Added +293,380+293.4k
RENAISSANCE TECHNOLOGIES LLC New +283,800+283.8k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -1,193,183-1.2m
Clearstead Advisors, LLC Reduced -1,068,964-1.1m
Gradient Investments LLC Reduced -905,804-905.8k
BANK OF AMERICA CORP /DE/ Reduced -856,171-856.2k
LEE JOHNSON CAPITAL MANAGEMENT, LLC Sold out -700,333-700.3k
B & T Capital Management DBA Alpha Capital Management Reduced -622,286-622.3k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -332,817-332.8k
Mutual Advisors, LLC Reduced -258,791-258.8k
TORONTO DOMINION BANK Reduced -250,000-250.0k
American Planning Services, Inc. Reduced -233,396-233.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $15.7m284.9k shares
WOLVERINE TRADING, LLC Added $2.1m39.1k shares
CITADEL ADVISORS LLC Added $1.1m19.8k shares
Cutler Group LLC / CA Added $19.0k14.2k shares

Biggest puts

Point72 Asset Management, L.P. New $21.7m393.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.0m199.2k shares
WOLVERINE TRADING, LLC Reduced $1.7m31.4k shares
WELLS FARGO & COMPANY/MN Reduced $1.7m30.8k shares
CITADEL ADVISORS LLC Reduced $494.8k9.0k shares
Cutler Group LLC / CA Added $34.0k13.1k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.16% of their portfolio NEW YORK, NY 67,528,18467.5m $3.7bn $3.7bn 0.16% Added +34.8m +34,832,236
2 JPMORGAN CHASE & CO 0.12% of their portfolio NEW YORK, NY 42,434,04442.4m $2.3bn $2.3bn 0.12% Added +20.9m +20,912,310
3 BANK OF AMERICA CORP /DE/ 0.16% of their portfolio CHARLOTTE, NC 25,832,02525.8m $1.4bn $1.4bn 0.16% Reduced -856.2k -856,171
4 WELLS FARGO & COMPANY/MN 0.17% of their portfolio SAN FRANCISCO, CA 11,165,80411.2m $613.9m $613.9m 0.17% Reduced -46.4k -46,382
5 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 6,860,3106.9m $377.2m $377.2m 0.09% Reduced -77.3k -77,273
6 OSAIC HOLDINGS, INC. 0.62% of their portfolio SCOTTSDALE, AZ 6,484,1956.5m $356.6m $356.6m 0.62% Reduced -1.2m -1,193,183
7 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 5,836,7755.8m $320.9m $320.9m 0.13% Added +315.6k +315,588
8 UBS Group AG 0.13% of their portfolio ZURICH, V8 5,743,2275.7m $315.8m $315.8m 0.13% Reduced -52.3k -52,330
9 CIBC Private Wealth Group LLC 0.37% of their portfolio ATLANTA, GA 3,172,3093.2m $174.4m $174.4m 0.37% Added +187.7k +187,656
10 COMMONWEALTH EQUITY SERVICES, LLC 0.29% of their portfolio WALTHAM, MA 2,868,5632.9m $157.7m $157.7m 0.29% Added +62.3k +62,259
11 Janney Montgomery Scott LLC 0.43% of their portfolio PHILADELPHIA, PA 2,423,5682.4m $133.2m $133.2m 0.43% Added +22 +22
12 RiverFront Investment Group, LLC 3.91% of their portfolio RICHMOND, VA 2,265,8812.3m $124.6m $124.6m 3.91% Added +1.5k +1,524
13 MML INVESTORS SERVICES, LLC 0.56% of their portfolio SPRINGFIELD, MA 2,219,5512.2m $122.0m $122.0m 0.56% Reduced -7.8k -7,788
14 HighTower Advisors, LLC 0.19% of their portfolio CHICAGO, IL 2,109,6292.1m $115.9m $115.9m 0.19% Added +550.5k +550,536
15 Cetera Advisor Networks LLC 0.63% of their portfolio EL SEGUNDO, CA 2,069,9402.1m $113.8m $113.8m 0.63% Added +96.4k +96,447
16 Cambridge Investment Research Advisors, Inc. 0.46% of their portfolio FAIRFIELD, IA 1,982,0212.0m $109.0m $109.0m 0.46% Added +33.0k +32,965
17 RAYMOND JAMES & ASSOCIATES 0.08% of their portfolio ST PETERSBURG, FL 1,933,2591.9m $106.3m $106.3m 0.08% Added +109.0k +109,012
18 Requisite Capital Management, LLC 27.03% of their portfolio DALLAS, TX 1,927,6791.9m $106.8m $106.8m 27.03% Reduced -209.0k -208,955
19 STIFEL FINANCIAL CORP 0.13% of their portfolio ST. LOUIS, MO 1,885,6261.9m $103.7m $103.7m 0.13% Added +24.9k +24,938
20 Raymond James Financial Services Advisors, Inc. 0.16% of their portfolio ST. PETERSBURG, FL 1,799,6051.8m $98.9m $98.9m 0.16% Added +521.4k +521,369
21 Enstar Group LTD 28.08% of their portfolio Hamilton, D0 1,743,3761.7m $95.9m $95.9m 28.08% Unchanged
22 Cornerstone Advisory, LLC 13.86% of their portfolio HUNT VALLEY, MD 1,616,5571.6m $88.9m $88.9m 13.86% Added +27.7k +27,726
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 1,599,9411.6m $88.0m $88.0m 0.10% Reduced -332.8k -332,817
24 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 1,575,9341.6m $86.6m $86.6m 0.04% Added +20.1k +20,076
25 Rockefeller Capital Management L.P. 0.28% of their portfolio NEW YORK, NY 1,514,0591.5m $83.2m $83.2m 0.28% Added +248.2k +248,155
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.23% of their portfolio PLYMOUTH, MN 1,421,5261.4m $78.2m $78.2m 0.23% Added +838.3k +838,342
27 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,406,7571.4m $77.3m $77.3m 0.02% Reduced -129.6k -129,614
28 FAS Wealth Partners, Inc. 6.32% of their portfolio LEAWOOD, KS 1,210,4021.2m $66.5m $66.5m 6.32% Added +20.1k +20,075
29 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,194,8891.2m $65.7m $65.7m 0.04% Added +224.0k +223,982
30 Clearstead Advisors, LLC 3.35% of their portfolio CLEVELAND, OH 1,149,6421.1m $63.2m $63.2m 3.35% Reduced -1.1m -1,068,964
31 AE Wealth Management LLC 0.31% of their portfolio TOPEKA, KS 1,090,2821.1m $61.0m $61.0m 0.31% Added +88.7k +88,656
32 Hamilton Capital Partners Inc. 11.80% of their portfolio TORONTO, A6 1,072,2541.1m $59.0m $59.0m 11.80% Reduced -142.5k -142,464
33 RATIONAL ADVISORS, INC. 5.49% of their portfolio San Juan, PR 980,560980.6k $53.9m $53.9m 5.49% Reduced -59.7k -59,710
34 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 972,009972.0k $53.4m $53.4m 0.09% Reduced -67.9k -67,925
35 Confluence Wealth Services, Inc. 5.78% of their portfolio MCMURRAY, PA 958,800958.8k $52.7m $52.7m 5.78% Added +558.3k +558,295
36 Moss Adams Wealth Advisors LLC 10.96% of their portfolio SEATTLE, WA 950,282950.3k $52.5m $52.5m 10.96% Added +14.5k +14,505
37 Cetera Advisors LLC 0.70% of their portfolio DENVER, CO 920,046920.0k $50.6m $50.6m 0.70% Reduced -2.4k -2,444
38 Lebenthal Global Advisors, LLC 11.72% of their portfolio Hauppauge, NY 916,395916.4k $50.4m $50.4m 11.72% Added +27.7k +27,665
39 Allworth Financial LP 0.38% of their portfolio FOLSOM, CA 900,559900.6k $49.5m $49.5m 0.38% Added +171.5k +171,542
40 NOTTINGHAM ADVISORS, INC. 5.58% of their portfolio AMHERST, NY 817,807817.8k $40.0m $40.0m 5.58% Added +31.8k +31,825
41 Cetera Investment Advisers 0.36% of their portfolio SCHAUMBURG, IL 817,009817.0k $44.9m $44.9m 0.36% Added +191.7k +191,660
42 CAMBRIDGE TRUST CO 1.83% of their portfolio BOSTON, MA 797,301797.3k $43.8m $43.8m 1.83% Added +12.7k +12,660
43 New York Life Investment Management LLC 0.44% of their portfolio New York, NY 787,214787.2k $43.3m $43.3m 0.44% Added +6.7k +6,672
44 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 756,007756.0k $41.6m $41.6m 0.03% Added +60.9k +60,886
45 Capital Investment Advisors, LLC 1.02% of their portfolio ATLANTA, GA 743,052743.1k $40.9m $40.9m 1.02% Added +94.4k +94,446
46 Americana Partners, LLC 4.07% of their portfolio Houston, TX 741,063741.1k $42.7m $42.7m 4.07% Reduced -21.4k -21,394
47 Atlantic Union Bankshares Corp 3.72% of their portfolio GLEN ALLEN, VA 730,077730.1k $40.1m $40.1m 3.72% Added +13.3k +13,255
48 CAPITAL ADVISORS INC/OK 0.89% of their portfolio TULSA, OK 720,255720.3k $39.6m $39.6m 0.89% Added +2.1k +2,109
49 Baird Financial Group, Inc. 0.09% of their portfolio MILWAUKEE, WI 696,887696.9k $38.3m $38.3m 0.09% Added +48.0k +48,006
50 Atria Wealth Solutions, Inc. 0.48% of their portfolio NEW YORK, NY 696,430696.4k $38.4m $38.4m 0.48% Added +21.9k +21,947
51 Brookstone Capital Management 0.74% of their portfolio WHEATON, IL 694,471694.5k $38.2m $38.2m 0.74% Added +3.9k +3,948
52 AVANTAX ADVISORY SERVICES, INC. 0.37% of their portfolio DALLAS, TX 682,364682.4k $37.5m $37.5m 0.37% Added +119.3k +119,300
53 Kestra Advisory Services, LLC 0.30% of their portfolio AUSTIN, TX 671,802671.8k $36.9m $36.9m 0.30% Added +171.0k +170,951
54 FIRST FOUNDATION ADVISORS 1.57% of their portfolio Irvine, CA 627,027627.0k $34.5m $34.5m 1.57% Added +10.2k +10,230
55 OAKWORTH CAPITAL, INC. 2.76% of their portfolio BIRMINGHAM, AL 625,019625.0k $34.4m $34.4m 2.76% Added +19.8k +19,752
56 Pacific Center for Financial Services 10.79% of their portfolio DANVILLE, CA 622,149622.1k $34.2m $34.2m 10.79% Reduced -1.9k -1,857
57 PINNACLE ASSOCIATES LTD 0.54% of their portfolio NEW YORK, NY 586,946586.9k $32.3m $32.3m 0.54% Reduced -14.0k -14,011
58 Magnus Financial Group LLC 4.19% of their portfolio NEW YORK, NY 581,645581.6k $32.0m $32.0m 4.19% Added +10.1k +10,133
59 Eaton Financial Holdings Company, LLC 7.57% of their portfolio Coral Springs, FL 568,730568.7k $31.3m $31.3m 7.57% Added +69.0k +68,972
60 CWM, LLC 0.17% of their portfolio OMAHA, NE 566,863566.9k $31.2m $31.2m 0.17% Added +410.8k +410,768
61 Financial Partners Group, Inc 5.39% of their portfolio Overland Park, KS 546,723546.7k $30.1m $30.1m 5.39% Added +6.5k +6,455
62 Steward Partners Investment Advisory, LLC 0.40% of their portfolio STAMFORD, CT 534,084534.1k $29.4m $29.4m 0.40% Added +65.7k +65,706
63 CFO4Life Group, LLC 5.59% of their portfolio COPPELL, TX 532,834532.8k $29.3m $29.3m 5.59% Added +9.9k +9,859
64 COMERICA BANK 0.13% of their portfolio DALLAS, TX 531,748531.7k $29.2m $29.2m 0.13% Reduced -61.0k -60,958
65 Kathmere Capital Management, LLC 3.72% of their portfolio WAYNE, PA 521,858521.9k $28.7m $28.7m 3.72% Added +3.8k +3,787
66 Leverty Financial Group, LLC 17.82% of their portfolio HUDSON, WI 511,063511.1k $28.1m $28.1m 17.82% Added +21.8k +21,782
67 Melia Wealth LLC 14.56% of their portfolio TULSA, OK 503,983504.0k $27.7m $27.7m 14.56% First filing
68 Prime Capital Investment Advisors, LLC 0.41% of their portfolio OVERLAND PARK, KS 493,225493.2k $27.1m $27.1m 0.41% Reduced -99.4k -99,417
69 Ergawealth Advisors, Inc. 16.63% of their portfolio OAK BROOK, IL 491,771491.8k $27.0m $27.0m 16.63% Reduced -109.6k -109,640
70 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 1.28% of their portfolio RICHMOND, VA 487,805487.8k $26.8m $26.8m 1.28% Added +37.3k +37,308
71 49 WEALTH MANAGEMENT, LLC 6.71% of their portfolio AUSTIN, TX 474,733474.7k $26.1m $26.1m 6.71% First filing
72 Coastal Bridge Advisors, LLC 6.67% of their portfolio WESTPORT, CT 473,773473.8k $26.0m $26.0m 6.67% Added +39.8k +39,825
73 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 459,262459.3k $25.2m $25.2m 0.06% Reduced -10.8k -10,839
74 Integrated Wealth Concepts LLC 0.40% of their portfolio WALTHAM, MA 442,648442.6k $24.3m $24.3m 0.40% Reduced -8.6k -8,594
75 Corrigan Financial, Inc. 7.32% of their portfolio MIDDLETOWN, RI 439,918439.9k $24.2m $24.2m 7.32% Added +2.4k +2,404
76 Graypoint LLC 1.94% of their portfolio Albany, NY 437,959438.0k $24.1m $24.1m 1.94% Reduced -82.7k -82,714
77 HBW ADVISORY SERVICES LLC 4.49% of their portfolio SIMI VALLEY, CA 436,522436.5k $24.0m $24.0m 4.49% Added +100.2k +100,211
78 STEPHENS INC /AR/ 0.41% of their portfolio LITTLE ROCK, AR 435,721435.7k $24.0m $24.0m 0.41% Added +75.5k +75,521
79 Aptus Capital Advisors, LLC 0.70% of their portfolio FAIRHOPE, AL 429,638429.6k $23.6m $23.6m 0.70% Reduced -210.5k -210,521
80 Sandy Spring Bank 1.16% of their portfolio Olney, MD 422,357422.4k $23.2m $23.2m 1.16% Added +99.7k +99,695
81 Sage Advisory Services, Ltd.Co. 6.18% of their portfolio AUSTIN, TX 419,760419.8k $23.1m $23.1m 6.18% Reduced -189.0k -188,995
82 Tradition Wealth Management, LLC 2.41% of their portfolio EDINA, MN 419,642419.6k $23.1m $23.1m 2.41% Added +33.0k +32,956
83 B. Riley Wealth Advisors, Inc. 0.61% of their portfolio MEMPHIS, TN 407,515407.5k $22.6m $22.6m 0.61% Reduced -47.1k -47,114
84 FSA WEALTH PARTNERS, INC. 6.36% of their portfolio Rockville, MD 404,333404.3k $22.2m $22.2m 6.36% Reduced -4.5k -4,470
85 SYNOVUS FINANCIAL CORP 0.31% of their portfolio Columbus, GA 403,209403.2k $22.2m $22.2m 0.31% Added +58.9k +58,947
86 CAPTRUST FINANCIAL ADVISORS 0.08% of their portfolio RALEIGH, NC 398,870398.9k $21.9m $21.9m 0.08% Added +46.0k +45,998
87 GUARDIAN WEALTH ADVISORS, LLC / NC 3.29% of their portfolio RALEIGH, NC 393,786393.8k $21.7m $21.7m 3.29% Added +9.5k +9,480
88 Wagner Wealth Management, LLC 7.25% of their portfolio GREENVILLE, SC 392,247392.2k $21.6m $21.6m 7.25% Reduced -34.1k -34,113
89 CENTRAL TRUST Co 0.57% of their portfolio JEFFERSON CITY, MO 387,127387.1k $21.3m $21.3m 0.57% Reduced -144.5k -144,527
90 Prospera Financial Services Inc 0.70% of their portfolio Dallas, TX 382,033382.0k $21.0m $21.0m 0.70% Reduced -77.3k -77,345
91 Bouchey Financial Group, Ltd. 2.23% of their portfolio TROY, NY 378,410378.4k $20.8m $20.8m 2.23% Reduced -78.6k -78,558
92 PATTEN & PATTEN INC/TN 1.69% of their portfolio CHATTANOOGA, TN 374,594374.6k $20.6m $20.6m 1.69% Added +12.2k +12,171
93 HILLTOP WEALTH ADVISORS, LLC 11.67% of their portfolio CHAPEL HILL, NC 372,149372.1k $20.5m $20.5m 11.67% Added +11.7k +11,721
94 Delta Investment Management, LLC 5.07% of their portfolio SAN FRANCISCO, CA 371,630371.6k $20.4m $20.4m 5.07% Added +293.4k +293,380
95 J.W. COLE ADVISORS, INC. 1.19% of their portfolio TAMPA, FL 370,740370.7k $20.4m $20.4m 1.19% Added +29.2k +29,182
96 Integrated Advisors Network LLC 1.13% of their portfolio DALLAS, TX 362,331362.3k $19.9m $19.9m 1.13% Reduced -17.0k -16,984
97 Bricktown Capital, LLC 4.22% of their portfolio DETROIT, MI 358,000358.0k $19.7m $19.7m 4.22% Unchanged
98 Ocean Park Asset Management, LLC 0.96% of their portfolio SANTA MONICA, CA 356,519356.5k $19.6m $19.6m 0.96% Added +1.4k +1,437
99 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 350,000350.0k $19.2m $19.2m 0.03% Reduced -250.0k -250,000
100 Fragasso Financial Advisors Inc 1.75% of their portfolio SEWICKLEY, PA 349,612349.6k $19.2m $19.2m 1.75% Reduced -4.0k -4,009