Vault-13

J P MORGAN EXCHANGE TRADED F JEPI

EQUITY PREMIUM · ETP · CUSIP 46641Q332

1,053 institutional holders +50 vs Q4 2023
364,556,844364.6m shares reported held*
$20.7bnreported value*
114 new 584 added 270 reduced 65 sold out net bought ≈ $3.2bn (+61.9m 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 ($22.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.85. Options: 4 managers hold calls ($18.0m notional), 6 hold puts ($23.5m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 529Q4 22: 645Q1 23: 757Q2 23: 859Q3 23: 895Q4 23: 1,003Q1 24: 1,0531,053Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022529
Q4 2022645
Q1 2023757
Q2 2023859
Q3 2023895
Q4 20231,003
Q1 20241,053

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 23Q1 24: 698 bought or addedQ1 24: 335 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022470127
Q1 2023611140
Q2 2023645183
Q3 2023629258
Q4 2023567345
Q1 2024698335

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ2 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 1.93Q1 24 calls: $18.0mQ1 24 puts: $23.5mQ1 24P/C 1.31
Numbers
QuarterCallsPutsP/C
Q2 2023$21.2m$20.2m0.95
Q3 2023$43.6m$19.4m0.45
Q4 2023$18.9m$36.6m1.93
Q1 2024$18.0m$23.5m1.31

Biggest buyers

MORGAN STANLEY Added +43,884,400+43.9m
Global Assets Advisory, LLC Added +6,061,819+6.1m
Cetera Investment Advisers Added +3,318,702+3.3m
JPMORGAN CHASE & CO Added +1,631,196+1.6m
WELLS FARGO & COMPANY/MN Added +1,085,099+1.1m
UBS Group AG Added +988,099+988.1k
EXCHANGE TRADED CONCEPTS, LLC New +966,844+966.8k
BANK OF AMERICA CORP /DE/ Added +815,767+815.8k
ENVESTNET ASSET MANAGEMENT INC Added +727,710+727.7k
Marks Wealth, LLC New +724,421+724.4k

Biggest sellers

Cetera Advisor Networks LLC Sold out -2,069,940-2.1m
Hamilton Capital Partners Inc. Sold out -1,072,254-1.1m
Cetera Advisors LLC Sold out -920,046-920.0k
Moss Adams Wealth Advisors LLC Reduced -891,804-891.8k
AE Wealth Management LLC Reduced -888,840-888.8k
Sage Advisory Services, Ltd.Co. Reduced -406,030-406.0k
Bank of New York Mellon Corp Reduced -316,327-316.3k
Thrivent Financial for Lutherans Reduced -296,990-297.0k
New York Life Investment Management LLC Reduced -295,148-295.1k
TORONTO DOMINION BANK Reduced -250,000-250.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $16.2m279.6k shares
CITADEL ADVISORS LLC Reduced $653.8k11.3k shares
WOLVERINE TRADING, LLC Reduced $601.7k10.4k shares
Point72 Asset Management, L.P. New $578.6k10.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.5m199.1k shares
Point72 Asset Management, L.P. Reduced $8.4m145.8k shares
WELLS FARGO & COMPANY/MN Reduced $1.7m29.6k shares
WOLVERINE TRADING, LLC Reduced $1.2m20.1k shares
CITADEL ADVISORS LLC Added $677.0k11.7k shares
Cutler Group LLC / CA Added $24.0k22.1k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 111,412,584111.4m $6.4bn $6.4bn 0.17% Added +43.9m +43,884,400
2 JPMORGAN CHASE & CO 0.11% of their portfolio NEW YORK, NY 44,065,24044.1m $2.5bn $2.5bn 0.11% Added +1.6m +1,631,196
3 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 26,647,79226.6m $1.5bn $1.5bn 0.15% Added +815.8k +815,767
4 WELLS FARGO & COMPANY/MN 0.19% of their portfolio SAN FRANCISCO, CA 12,250,90312.3m $708.8m $708.8m 0.19% Added +1.1m +1,085,099
5 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 6,740,8686.7m $390.0m $390.0m 0.10% Reduced -119.4k -119,442
6 UBS Group AG 0.13% of their portfolio ZURICH, V8 6,731,3266.7m $389.5m $389.5m 0.13% Added +988.1k +988,099
7 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 6,564,4856.6m $379.8m $379.8m 0.14% Added +727.7k +727,710
8 OSAIC HOLDINGS, INC. 0.81% of their portfolio SCOTTSDALE, AZ 6,303,0876.3m $364.7m $364.7m 0.81% Reduced -181.1k -181,108
9 Global Assets Advisory, LLC 4.15% of their portfolio ORLANDO, FL 6,165,2966.2m $107.7k $107.7k 4.15% Added +6.1m +6,061,819
10 Cetera Investment Advisers 0.56% of their portfolio SCHAUMBURG, IL 4,135,7114.1m $239.3m $239.3m 0.56% Added +3.3m +3,318,702
11 CIBC Private Wealth Group LLC 0.38% of their portfolio ATLANTA, GA 3,355,4713.4m $192.2m $192.2m 0.38% Added +183.2k +183,162
12 COMMONWEALTH EQUITY SERVICES, LLC 0.28% of their portfolio WALTHAM, MA 2,949,7032.9m $170.7m $170.7m 0.28% Added +81.1k +81,140
13 RiverFront Investment Group, LLC 4.63% of their portfolio RICHMOND, VA 2,839,0242.8m $164.3m $164.3m 4.63% Added +573.1k +573,143
14 Janney Montgomery Scott LLC 0.46% of their portfolio PHILADELPHIA, PA 2,682,0412.7m $155.2m $155.2m 0.46% Added +258.5k +258,473
15 Raymond James Financial Services Advisors, Inc. 0.22% of their portfolio ST. PETERSBURG, FL 2,503,3362.5m $144.8m $144.8m 0.22% Added +703.7k +703,731
16 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 2,432,5352.4m $140.7m $140.7m 0.23% Added +322.9k +322,906
17 Cambridge Investment Research Advisors, Inc. 0.48% of their portfolio FAIRFIELD, IA 2,145,0382.1m $124.1m $124.1m 0.48% Added +163.0k +163,017
18 MML INVESTORS SERVICES, LLC 0.51% of their portfolio SPRINGFIELD, MA 2,141,5772.1m $123.9m $123.9m 0.51% Reduced -78.0k -77,974
19 RAYMOND JAMES & ASSOCIATES 0.08% of their portfolio ST PETERSBURG, FL 1,982,4832.0m $114.7m $114.7m 0.08% Added +49.2k +49,224
20 STIFEL FINANCIAL CORP 0.13% of their portfolio ST. LOUIS, MO 1,901,5381.9m $110.0m $110.0m 0.13% Added +15.9k +15,912
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.11% of their portfolio MILWAUKEE, WI 1,868,0561.9m $108.1m $108.1m 0.11% Added +268.1k +268,115
22 Requisite Capital Management, LLC 22.10% of their portfolio DALLAS, TX 1,752,9991.8m $101.4m $101.4m 22.10% Reduced -174.7k -174,680
23 Cornerstone Advisory, LLC 14.16% of their portfolio HUNT VALLEY, MD 1,715,9981.7m $99.3m $99.3m 14.16% Added +99.4k +99,441
24 Rockefeller Capital Management L.P. 0.29% of their portfolio NEW YORK, NY 1,706,1481.7m $98.7m $98.7m 0.29% Added +192.1k +192,089
25 Enstar Group LTD 25.32% of their portfolio Hamilton, D0 1,628,1351.6m $94.2m $94.2m 25.32% Reduced -115.2k -115,241
26 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 1,599,4171.6m $92.5m $92.5m 0.03% Added +23.5k +23,483
27 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.23% of their portfolio PLYMOUTH, MN 1,504,1861.5m $87.0m $87.0m 0.23% Added +82.7k +82,660
28 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,436,8591.4m $83.1m $83.1m 0.04% Added +242.0k +241,970
29 FAS Wealth Partners, Inc. 6.71% of their portfolio LEAWOOD, KS 1,308,0821.3m $75.7m $75.7m 6.71% Added +97.7k +97,680
30 CWM, LLC 0.34% of their portfolio OMAHA, NE 1,205,3411.2m $69.7m $69.7m 0.34% Added +638.5k +638,478
31 FIRST FOUNDATION ADVISORS 2.79% of their portfolio Irvine, CA 1,203,0951.2m $69.6m $69.6m 2.79% Added +576.1k +576,068
32 Clearstead Advisors, LLC 3.37% of their portfolio CLEVELAND, OH 1,191,8741.2m $68.0m $68.0m 3.37% Added +42.2k +42,232
33 Confluence Wealth Services, Inc. 5.98% of their portfolio MCMURRAY, PA 1,171,1461.2m $67.8m $67.8m 5.98% Added +212.3k +212,346
34 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,090,4301.1m $63.1m $63.1m 0.01% Reduced -316.3k -316,327
35 Allworth Financial LP 0.42% of their portfolio FOLSOM, CA 1,038,0591.0m $60.1m $60.1m 0.42% Added +137.5k +137,500
36 EXCHANGE TRADED CONCEPTS, LLC 1.45% of their portfolio Oklahoma City, OK 966,844966.8k $55.9m $55.9m 1.45% New
37 Lebenthal Global Advisors, LLC 11.85% of their portfolio Hauppauge, NY 920,644920.6k $53.3m $53.3m 11.85% Added +4.2k +4,249
38 Baird Financial Group, Inc. 0.10% of their portfolio MILWAUKEE, WI 853,038853.0k $49.4m $49.4m 0.10% Added +156.2k +156,151
39 Atria Wealth Solutions, Inc. 0.54% of their portfolio NEW YORK, NY 828,719828.7k $47.9m $47.9m 0.54% Added +132.3k +132,289
40 Kestra Advisory Services, LLC 0.32% of their portfolio AUSTIN, TX 827,579827.6k $47.9m $47.9m 0.32% Added +155.8k +155,777
41 RATIONAL ADVISORS, INC. 4.42% of their portfolio San Juan, PR 823,543823.5k $47.7m $47.7m 4.42% Reduced -157.0k -157,017
42 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 807,254807.3k $46.7m $46.7m 0.03% Added +51.2k +51,247
43 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 805,913805.9k $46.6m $46.6m 0.07% Reduced -166.1k -166,096
44 Americana Partners, LLC 3.80% of their portfolio Houston, TX 786,887786.9k $45.5m $45.5m 3.80% Added +45.8k +45,824
45 Capital Investment Advisors, LLC 1.06% of their portfolio ATLANTA, GA 782,741782.7k $45.3m $45.3m 1.06% Added +39.7k +39,689
46 AVANTAX ADVISORY SERVICES, INC. 0.40% of their portfolio DALLAS, TX 779,442779.4k $45.1m $45.1m 0.40% Added +97.1k +97,078
47 NOTTINGHAM ADVISORS, INC. 5.46% of their portfolio AMHERST, NY 770,795770.8k $44.6m $44.6m 5.46% Reduced -47.0k -47,012
48 CAPITAL ADVISORS INC/OK 0.93% of their portfolio TULSA, OK 750,005750.0k $43.4m $43.4m 0.93% Added +29.8k +29,750
49 Brookstone Capital Management 0.75% of their portfolio WHEATON, IL 725,254725.3k $42.0m $42.0m 0.75% Added +30.8k +30,783
50 Marks Wealth, LLC 15.84% of their portfolio ELLICOTT CITY, MD 724,421724.4k $41.9m $41.9m 15.84% New
51 Atlantic Union Bankshares Corp 3.38% of their portfolio GLEN ALLEN, VA 692,760692.8k $40.1m $40.1m 3.38% Reduced -37.3k -37,317
52 Aptus Capital Advisors, LLC 0.85% of their portfolio FAIRHOPE, AL 681,462681.5k $39.4m $39.4m 0.85% Added +251.8k +251,824
53 Pacific Center for Financial Services 10.57% of their portfolio DANVILLE, CA 640,846640.8k $37.1m $37.1m 10.57% Added +18.7k +18,697
54 Eaton Financial Holdings Company, LLC 19.13% of their portfolio Coral Springs, FL 636,829636.8k $36.8m $36.8m 19.13% Added +68.1k +68,099
55 PINNACLE ASSOCIATES LTD 0.57% of their portfolio NEW YORK, NY 621,973622.0k $36.0m $36.0m 0.57% Added +35.0k +35,027
56 Hennion & Walsh Asset Management, Inc. 1.90% of their portfolio Parsippany, NJ 614,703614.7k $35.6m $35.6m 1.90% Added +353.3k +353,294
57 Steward Partners Investment Advisory, LLC 0.38% of their portfolio STAMFORD, CT 598,509598.5k $34.6m $34.6m 0.38% Added +64.4k +64,425
58 Magnus Financial Group LLC 4.09% of their portfolio NEW YORK, NY 596,324596.3k $34.5m $34.5m 4.09% Added +14.7k +14,679
59 OAKWORTH CAPITAL, INC. 2.56% of their portfolio BIRMINGHAM, AL 587,379587.4k $34.0m $34.0m 2.56% Reduced -37.6k -37,640
60 CAMBRIDGE TRUST CO 1.27% of their portfolio BOSTON, MA 580,914580.9k $33.6m $33.6m 1.27% Reduced -216.4k -216,387
61 CFO4Life Group, LLC 5.97% of their portfolio COPPELL, TX 568,517568.5k $32.9m $32.9m 5.97% Added +35.7k +35,683
62 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 1.33% of their portfolio RICHMOND, VA 544,749544.7k $31.5m $31.5m 1.33% Added +56.9k +56,944
63 Kathmere Capital Management, LLC 3.59% of their portfolio WAYNE, PA 542,463542.5k $31.4m $31.4m 3.59% Added +20.6k +20,605
64 Melia Wealth LLC 17.07% of their portfolio TULSA, OK 525,330525.3k $30.4m $30.4m 17.07% Added +21.3k +21,347
65 Prime Capital Investment Advisors, LLC 0.42% of their portfolio OVERLAND PARK, KS 524,252524.3k $30.3m $30.3m 0.42% Added +31.0k +31,027
66 Financial Partners Group, Inc 4.77% of their portfolio Overland Park, KS 516,635516.6k $29.9m $29.9m 4.77% Reduced -30.1k -30,088
67 Coastal Bridge Advisors, LLC 6.84% of their portfolio WESTPORT, CT 513,642513.6k $29.7m $29.7m 6.84% Added +39.9k +39,869
68 Sandy Spring Bank 1.32% of their portfolio Olney, MD 500,218500.2k $28.9m $28.9m 1.32% Added +77.9k +77,861
69 New York Life Investment Management LLC 0.28% of their portfolio New York, NY 492,066492.1k $28.5m $28.5m 0.28% Reduced -295.1k -295,148
70 Bricktown Capital, LLC 5.62% of their portfolio DETROIT, MI 479,655479.7k $27.8m $27.8m 5.62% Added +121.7k +121,655
71 Apollon Wealth Management, LLC 0.87% of their portfolio MOUNT PLEASANT, SC 475,494475.5k $27.5m $27.5m 0.87% Added +320.8k +320,785
72 Leverty Financial Group, LLC 16.39% of their portfolio HUDSON, WI 474,801474.8k $27.5m $27.5m 16.39% Reduced -36.3k -36,262
73 49 WEALTH MANAGEMENT, LLC 5.79% of their portfolio AUSTIN, TX 471,577471.6k $27.0m $27.0m 5.79% Reduced -3.2k -3,156
74 Horizon Advisory Services, Inc. 12.67% of their portfolio WEST HENRIETTA, NY 470,071470.1k $27.2m $27.2m 12.67% First filing
75 STEPHENS INC /AR/ 0.41% of their portfolio LITTLE ROCK, AR 459,834459.8k $26.6m $26.6m 0.41% Added +24.1k +24,113
76 B. Riley Wealth Advisors, Inc. 0.66% of their portfolio MEMPHIS, TN 454,629454.6k $24.3m $24.3m 0.66% Added +47.1k +47,114
77 SYNOVUS FINANCIAL CORP 0.34% of their portfolio Columbus, GA 453,172453.2k $26.2m $26.2m 0.34% Added +50.0k +49,963
78 Corrigan Financial, Inc. 6.59% of their portfolio MIDDLETOWN, RI 446,508446.5k $25.8m $25.8m 6.59% Added +6.6k +6,590
79 Prospera Financial Services Inc 0.76% of their portfolio Dallas, TX 443,502443.5k $25.7m $25.7m 0.76% Added +61.5k +61,469
80 Tradition Wealth Management, LLC 2.57% of their portfolio EDINA, MN 439,354439.4k $25.4m $25.4m 2.57% Added +19.7k +19,712
81 Integrated Wealth Concepts LLC 0.37% of their portfolio WALTHAM, MA 437,979438.0k $25.3m $25.3m 0.37% Reduced -4.7k -4,669
82 GUARDIAN WEALTH ADVISORS, LLC / NC 3.10% of their portfolio RALEIGH, NC 437,343437.3k $25.3m $25.3m 3.10% Added +43.6k +43,557
83 HBW ADVISORY SERVICES LLC 4.49% of their portfolio SIMI VALLEY, CA 436,522436.5k $24.0m $24.0m 4.49% Unchanged
84 Prosperity Consulting Group, LLC 3.11% of their portfolio OWINGS MILLS, MD 428,819428.8k $24.8m $24.8m 3.11% Added +153.2k +153,181
85 Ergawealth Advisors, Inc. 13.58% of their portfolio OAK BROOK, IL 428,207428.2k $24.8m $24.8m 13.58% Reduced -63.6k -63,564
86 Integrated Advisors Network LLC 1.24% of their portfolio DALLAS, TX 419,943419.9k $24.3m $24.3m 1.24% Added +57.6k +57,612
87 Badgley Phelps Wealth Managers, LLC 0.60% of their portfolio SEATTLE, WA 414,318414.3k $24.0m $24.0m 0.60% New
88 MERCER GLOBAL ADVISORS INC /ADV 0.07% of their portfolio DENVER, CO 404,460404.5k $23.4m $23.4m 0.07% Added +352.5k +352,488
89 PATTEN & PATTEN INC/TN 1.65% of their portfolio CHATTANOOGA, TN 401,463401.5k $23.2m $23.2m 1.65% Added +26.9k +26,869
90 J.W. COLE ADVISORS, INC. 1.16% of their portfolio TAMPA, FL 396,974397.0k $23.0m $23.0m 1.16% Added +26.2k +26,234
91 HUB Investment Partners, LLC 1.27% of their portfolio AUSTIN, TX 395,465395.5k $22.9m $22.9m 1.27% Added +53.4k +53,395
92 Bouchey Financial Group, Ltd. 2.25% of their portfolio TROY, NY 395,086395.1k $22.9m $22.9m 2.25% Added +16.7k +16,676
93 ELEMENT POINTE ADVISORS, LLC 5.56% of their portfolio MIAMI, FL 375,400375.4k $21.7m $21.7m 5.56% Added +26.1k +26,114
94 Graypoint LLC 1.56% of their portfolio Albany, NY 373,170373.2k $21.6m $21.6m 1.56% Reduced -64.8k -64,789
95 Delta Investment Management, LLC 4.77% of their portfolio SAN FRANCISCO, CA 363,045363.0k $21.0m $21.0m 4.77% Reduced -8.6k -8,585
96 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 362,243362.2k $21.0m $21.0m 0.05% Added +310.9k +310,905
97 U.S. Capital Wealth Advisors, LLC 0.81% of their portfolio AUSTIN, TX 362,047362.0k $20.9m $20.9m 0.81% Added +112.6k +112,602
98 Fragasso Financial Advisors Inc 1.75% of their portfolio SEWICKLEY, PA 358,415358.4k $20.7m $20.7m 1.75% Added +8.8k +8,803
99 Ocean Park Asset Management, LLC 0.97% of their portfolio SANTA MONICA, CA 356,519356.5k $20.6m $20.6m 0.97% Unchanged
100 Goldstein Advisors, LLC 3.44% of their portfolio Madison, WI 347,766347.8k $20.1m $20.1m 3.44% Added +24.1k +24,066