Vault-13

J P MORGAN EXCHANGE TRADED F JEPI

EQUITY PREMIUM · ETP · CUSIP 46641Q332

1,259 institutional holders +149 vs Q3 2024
292,336,462292.3m shares reported held*
$17.1bnreported value*
90 new 660 added 285 reduced 48 sold out net sold ≈ $499.4m (-8.8m 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 ($7.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.51. Options: 4 managers hold calls ($10.3m notional), 5 hold puts ($16.5m).

Trends to Q4 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: 1,053Q2 24: 1,084Q3 24: 1,110Q4 24: 1,2591,259Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 2022529
Q4 2022645
Q1 2023757
Q2 2023859
Q3 2023895
Q4 20231,003
Q1 20241,053
Q2 20241,084
Q3 20241,110
Q4 20241,259

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 23: 611 bought or addedQ1 23: 140 cut or sold outQ2 23: 645 bought or addedQ2 23: 183 cut or sold outQ2 23Q3 23: 629 bought or addedQ3 23: 258 cut or sold outQ4 23: 567 bought or addedQ4 23: 345 cut or sold outQ4 23Q1 24: 698 bought or addedQ1 24: 335 cut or sold outQ2 24: 682 bought or addedQ2 24: 367 cut or sold outQ2 24Q3 24: 663 bought or addedQ3 24: 404 cut or sold outQ4 24: 750 bought or addedQ4 24: 333 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023611140
Q2 2023645183
Q3 2023629258
Q4 2023567345
Q1 2024698335
Q2 2024682367
Q3 2024663404
Q4 2024750333

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ1 24 calls: $18.0mQ1 24 puts: $23.5mQ1 24P/C 1.31Q2 24 calls: $16.1mQ2 24 puts: $17.9mQ2 24P/C 1.12Q3 24 calls: $18.3mQ3 24 puts: $18.3mQ3 24P/C 1.00Q4 24 calls: $10.3mQ4 24 puts: $16.5mQ4 24P/C 1.60
Numbers
QuarterCallsPutsP/C
Q1 2024$18.0m$23.5m1.31
Q2 2024$16.1m$17.9m1.12
Q3 2024$18.3m$18.3m1.00
Q4 2024$10.3m$16.5m1.60

Biggest buyers

MORGAN STANLEY Added +2,107,737+2.1m
WELLS FARGO & COMPANY/MN Added +2,051,299+2.1m
Focus Partners Wealth Added +859,260+859.3k
JANE STREET GROUP, LLC Added +833,582+833.6k
ROYAL BANK OF CANADA Added +714,849+714.8k
Quadrature Capital Ltd New +653,385+653.4k
UBS Group AG Added +543,310+543.3k
Hilton Capital Management, LLC Added +515,736+515.7k
BANK OF AMERICA CORP /DE/ Added +506,627+506.6k
ENVESTNET ASSET MANAGEMENT INC Added +484,267+484.3k

Biggest sellers

JPMORGAN CHASE & CO Reduced -24,047,718-24.0m
Gradient Investments LLC Sold out -842,152-842.2k
CARY STREET PARTNERS INVESTMENT ADVISORY LLC Sold out -654,777-654.8k
Marks Wealth, LLC Reduced -484,952-485.0k
Brevan Howard Capital Management LP Sold out -254,124-254.1k
Cetera Investment Advisers Reduced -224,897-224.9k
Vestmark Advisory Solutions, Inc. Sold out -184,855-184.9k
Sterling Investment Counsel, LLC Reduced -167,214-167.2k
ZIMMERMANN INVESTMENT MANAGEMENT & PLANNING LLC Sold out -163,220-163.2k
New York Life Investment Management LLC Reduced -144,220-144.2k

Biggest calls

CITADEL ADVISORS LLC Reduced $8.3m145.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m18.0k shares
JANE STREET GROUP, LLC Reduced $707.6k12.3k shares
WOLVERINE TRADING, LLC New $220.2k3.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.8m205.6k shares
CITADEL ADVISORS LLC Reduced $2.8m48.4k shares
JANE STREET GROUP, LLC Added $1.1m19.9k shares
WOLVERINE TRADING, LLC New $573.8k9.9k shares
Belvedere Trading LLC New $172.6k3.0k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 41,514,45741.5m $2.4bn $2.4bn 0.17% Added +2.1m +2,107,737
2 BANK OF AMERICA CORP /DE/ 0.17% of their portfolio CHARLOTTE, NC 31,254,11631.3m $1.8bn $1.8bn 0.17% Added +506.6k +506,627
3 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 20,730,64020.7m $1.2bn $1.2bn 0.09% Reduced -24.0m -24,047,718
4 WELLS FARGO & COMPANY/MN 0.20% of their portfolio SAN FRANCISCO, CA 14,555,04614.6m $837.4m $837.4m 0.20% Added +2.1m +2,051,299
5 UBS Group AG 0.10% of their portfolio ZURICH, V8 7,668,4407.7m $441.2m $441.2m 0.10% Added +543.3k +543,310
6 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 7,346,2817.3m $422.6m $422.6m 0.09% Added +714.8k +714,849
7 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 6,836,6656.8m $393.3m $393.3m 0.13% Added +484.3k +484,267
8 OSAIC HOLDINGS, INC. 0.73% of their portfolio SCOTTSDALE, AZ 5,665,5445.7m $326.1m $326.1m 0.73% Added +121.9k +121,886
9 RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio ST. PETERSBURG, FL 5,602,3085.6m $322.3m $322.3m 0.12% First filing
10 COMMONWEALTH EQUITY SERVICES, LLC 0.35% of their portfolio WALTHAM, MA 4,124,8624.1m $237.3m $237.3m 0.35% Added +459.8k +459,845
11 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 3,682,0723.7m $211.8m $211.8m 0.29% Added +108.5k +108,546
12 Cetera Investment Advisers 0.44% of their portfolio SCHAUMBURG, IL 3,624,2503.6m $208.5m $208.5m 0.44% Reduced -224.9k -224,897
13 CIBC Private Wealth Group LLC 0.36% of their portfolio ATLANTA, GA 3,440,0983.4m $199.1m $199.1m 0.36% Added +22.9k +22,924
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.14% of their portfolio MILWAUKEE, WI 2,832,1392.8m $162.9m $162.9m 0.14% Added +324.3k +324,307
15 MML INVESTORS SERVICES, LLC 0.54% of their portfolio SPRINGFIELD, MA 2,732,9842.7m $157.2m $157.2m 0.54% Added +122.8k +122,825
16 Janney Montgomery Scott LLC 0.39% of their portfolio PHILADELPHIA, PA 2,459,3232.5m $141.5m $141.5m 0.39% Reduced -106.8k -106,808
17 STIFEL FINANCIAL CORP 0.13% of their portfolio ST. LOUIS, MO 2,251,8072.3m $129.5m $129.5m 0.13% Added +163.4k +163,407
18 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 2,229,1462.2m $128.2m $128.2m 0.05% Added +328.9k +328,903
19 RiverFront Investment Group, LLC 2.62% of their portfolio RICHMOND, VA 2,002,9172.0m $115.2m $115.2m 2.62% Added +167.2k +167,190
20 CWM, LLC 0.47% of their portfolio OMAHA, NE 1,975,6052.0m $113.7m $113.7m 0.47% Added +143.3k +143,304
21 Cambridge Investment Research Advisors, Inc. 0.38% of their portfolio FAIRFIELD, IA 1,970,1272.0m $113.3m $113.3m 0.38% Added +23.1k +23,120
22 Cornerstone Advisory, LLC 12.40% of their portfolio HUNT VALLEY, MD 1,844,5991.8m $109.1m $109.1m 12.40% Added +116.6k +116,628
23 FIRST FOUNDATION ADVISORS 3.46% of their portfolio Irvine, CA 1,596,4021.6m $91.8m $91.8m 3.46% Added +151.7k +151,673
24 Confluence Wealth Services, Inc. 6.09% of their portfolio MCMURRAY, PA 1,583,9591.6m $93.7m $93.7m 6.09% Added +167.7k +167,702
25 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.17% of their portfolio PLYMOUTH, MN 1,579,9871.6m $90.9m $90.9m 0.17% Added +172.5k +172,482
26 Enstar Group LTD 30.80% of their portfolio Hamilton, D0 1,539,0251.5m $88.5m $88.5m 30.80% Unchanged
27 Clearstead Advisors, LLC 1.23% of their portfolio CLEVELAND, OH 1,403,7381.4m $80.8m $80.8m 1.23% Added +33.1k +33,092
28 Rockefeller Capital Management L.P. 0.20% of their portfolio NEW YORK, NY 1,367,0351.4m $78.6m $78.6m 0.20% Reduced -1.5k -1,512
29 Requisite Capital Management, LLC 15.88% of their portfolio DALLAS, TX 1,343,2931.3m $77.8m $77.8m 15.88% Reduced -108.9k -108,944
30 Kestra Advisory Services, LLC 0.42% of their portfolio AUSTIN, TX 1,321,4671.3m $76.0m $76.0m 0.42% Added +233.5k +233,502
31 FAS Wealth Partners, Inc. 6.36% of their portfolio LEAWOOD, KS 1,315,0951.3m $75.7m $75.7m 6.36% Reduced -92.4k -92,393
32 Atria Wealth Solutions, Inc. 0.80% of their portfolio NEW YORK, NY 1,261,1571.3m $72.7m $72.7m 0.80% Added +118.2k +118,194
33 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 1,247,5701.2m $78.8m $78.8m 0.10% Added +859.3k +859,260
34 Baird Financial Group, Inc. 0.13% of their portfolio MILWAUKEE, WI 1,213,0211.2m $69.8m $69.8m 0.13% Added +97.8k +97,804
35 Allworth Financial LP 0.38% of their portfolio FOLSOM, CA 1,165,5021.2m $68.6m $68.6m 0.38% Added +18.4k +18,409
36 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,090,1771.1m $62.7m $62.7m 0.02% Added +73.1k +73,149
37 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 1,073,7491.1m $61.8m $61.8m 0.04% Added +128.0k +127,990
38 AVANTAX ADVISORY SERVICES, INC. 0.36% of their portfolio DALLAS, TX 983,014983.0k $56.6m $56.6m 0.36% Added +120.7k +120,707
39 Eaton Financial Holdings Company, LLC 21.57% of their portfolio Coral Springs, FL 973,620973.6k $56.0m $56.0m 21.57% Added +113.2k +113,224
40 CARY STREET PARTNERS FINANCIAL LLC 1.74% of their portfolio RICHMOND, VA 930,590930.6k $53.5m $53.5m 1.74% First filing
41 CAPITAL ADVISORS INC/OK 1.00% of their portfolio TULSA, OK 872,169872.2k $50.2m $50.2m 1.00% Added +31.9k +31,909
42 JANE STREET GROUP, LLC 0.08% of their portfolio NEW YORK, NY 840,282840.3k $48.3m $48.3m 0.08% Added +833.6k +833,582
43 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 818,500818.5k $47.1m $47.1m 0.07% Added +112.6k +112,626
44 Capital Investment Advisors, LLC 0.93% of their portfolio ATLANTA, GA 796,351796.4k $45.8m $45.8m 0.93% Reduced -49.9k -49,895
45 Steward Partners Investment Advisory, LLC 0.40% of their portfolio STAMFORD, CT 779,879779.9k $44.9m $44.9m 0.40% Added +23.0k +23,010
46 Apollon Wealth Management, LLC 1.02% of their portfolio MOUNT PLEASANT, SC 769,584769.6k $44.3m $44.3m 1.02% Added +102.5k +102,511
47 Brookstone Capital Management 0.64% of their portfolio WHEATON, IL 758,913758.9k $43.7m $43.7m 0.64% Added +4.1k +4,148
48 NOTTINGHAM ADVISORS, INC. 5.37% of their portfolio AMHERST, NY 736,283736.3k $42.4m $42.4m 5.37% Reduced -79.0k -79,021
49 Sandy Spring Bank 1.71% of their portfolio Olney, MD 734,893734.9k $42.3m $42.3m 1.71% Added +71.3k +71,269
50 Prosperity Consulting Group, LLC 3.07% of their portfolio OWINGS MILLS, MD 710,119710.1k $40.9m $40.9m 3.07% Added +57.7k +57,674
51 Pacific Center for Financial Services 9.90% of their portfolio DANVILLE, CA 668,909668.9k $38.5m $38.5m 9.90% Added +9.0k +9,048
52 Quadrature Capital Ltd 0.75% of their portfolio LONDON, X0 653,385653.4k $37.6m $37.6m 0.75% New
53 OAKWORTH CAPITAL, INC. 2.55% of their portfolio BIRMINGHAM, AL 644,221644.2k $37.1m $37.1m 2.55% Added +17.2k +17,157
54 PINNACLE ASSOCIATES LTD 0.49% of their portfolio NEW YORK, NY 631,256631.3k $36.3m $36.3m 0.49% Added +44.3k +44,310
55 Teamwork Financial Advisors, LLC 4.70% of their portfolio San Antonio, TX 627,187627.2k $36.1m $36.1m 4.70% Added +39.2k +39,204
56 Sanctuary Advisors, LLC 0.23% of their portfolio INDIANAPOLIS, IN 625,967626.0k $37.0m $37.0m 0.23% Added +14.3k +14,265
57 Lebenthal Global Advisors, LLC 6.53% of their portfolio Hauppauge, NY 621,186621.2k $35.7m $35.7m 6.53% Added +13.6k +13,634
58 Kathmere Capital Management, LLC 3.20% of their portfolio WAYNE, PA 619,386619.4k $35.6m $35.6m 3.20% Added +19.2k +19,168
59 Melia Wealth LLC 18.05% of their portfolio TULSA, OK 600,835600.8k $34.6m $34.6m 18.05% Added +13.8k +13,776
60 CFO4Life Group, LLC 5.84% of their portfolio COPPELL, TX 578,253578.3k $33.3m $33.3m 5.84% Added +24.0k +23,971
61 Magnus Financial Group LLC 3.19% of their portfolio NEW YORK, NY 573,910573.9k $33.0m $33.0m 3.19% Reduced -2.4k -2,375
62 HUB Investment Partners, LLC 1.38% of their portfolio AUSTIN, TX 571,438571.4k $32.9m $32.9m 1.38% Added +47.4k +47,353
63 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 559,482559.5k $32.2m $32.2m 0.01% Reduced -9.8k -9,756
64 RATIONAL ADVISORS, INC. 3.08% of their portfolio San Juan, PR 548,449548.4k $31.6m $31.6m 3.08% Reduced -121.1k -121,056
65 SYNOVUS FINANCIAL CORP 0.39% of their portfolio Columbus, GA 537,426537.4k $30.9m $30.9m 0.39% Reduced -42.1k -42,127
66 &PARTNERS 0.37% of their portfolio NASHVILLE, TN 529,547529.5k $30.7m $30.7m 0.37% Added +216.4k +216,401
67 STEPHENS INC /AR/ 0.42% of their portfolio LITTLE ROCK, AR 525,375525.4k $30.2m $30.2m 0.42% Added +17.7k +17,728
68 HBW ADVISORY SERVICES LLC 30.79% of their portfolio SIMI VALLEY, CA 521,370521.4k $300.0m $300.0m 30.79% Reduced -23.3k -23,258
69 Hilton Capital Management, LLC 2.59% of their portfolio Garden City, NY 520,541520.5k $29.9m $29.9m 2.59% Added +515.7k +515,736
70 Leverty Financial Group, LLC 15.04% of their portfolio HUDSON, WI 513,776513.8k $29.6m $29.6m 15.04% Added +9.1k +9,069
71 Prime Capital Investment Advisors, LLC 0.43% of their portfolio OVERLAND PARK, KS 509,105509.1k $29.3m $29.3m 0.43% Added +6.9k +6,902
72 Aptus Capital Advisors, LLC 0.35% of their portfolio FAIRHOPE, AL 502,733502.7k $29.0m $29.0m 0.35% Added +48.5k +48,541
73 Coastal Bridge Advisors, LLC 7.27% of their portfolio WESTPORT, CT 501,725501.7k $28.9m $28.9m 7.27% Reduced -21.7k -21,696
74 KESTRA PRIVATE WEALTH SERVICES, LLC 0.48% of their portfolio AUSTIN, TX 490,864490.9k $28.2m $28.2m 0.48% Added +112.0k +111,965
75 Prospera Financial Services Inc 0.63% of their portfolio Dallas, TX 467,001467.0k $26.9m $26.9m 0.63% Added +26.4k +26,411
76 Horizon Advisory Services, Inc. 15.35% of their portfolio WEST HENRIETTA, NY 466,114466.1k $26.8m $26.8m 15.35% Reduced -10.7k -10,749
77 Financial Partners Group, Inc 3.83% of their portfolio Overland Park, KS 456,139456.1k $26.2m $26.2m 3.83% Reduced -16.1k -16,062
78 Corrigan Financial, Inc. 6.00% of their portfolio MIDDLETOWN, RI 455,049455.0k $26.2m $26.2m 6.00% Added +4.1k +4,122
79 ELEMENT POINTE ADVISORS, LLC 6.13% of their portfolio MIAMI, FL 452,960453.0k $26.1m $26.1m 6.13% Added +3.5k +3,461
80 Mariner, LLC 0.04% of their portfolio Overland Park, KS 452,785452.8k $26.0m $26.0m 0.04% Added +211.7k +211,669
81 Badgley Phelps Wealth Managers, LLC 0.61% of their portfolio SEATTLE, WA 449,925449.9k $26.1m $26.1m 0.61% Added +12.2k +12,243
82 Bouchey Financial Group, Ltd. 2.23% of their portfolio TROY, NY 441,970442.0k $25.5m $25.5m 2.23% Added +29.7k +29,690
83 J.W. COLE ADVISORS, INC. 1.01% of their portfolio TAMPA, FL 434,282434.3k $25.0m $25.0m 1.01% Added +23.6k +23,603
84 PATTEN & PATTEN INC/TN 1.62% of their portfolio CHATTANOOGA, TN 425,304425.3k $24.5m $24.5m 1.62% Added +8.3k +8,267
85 FSA WEALTH PARTNERS, INC. 5.59% of their portfolio Rockville, MD 413,895413.9k $23.8m $23.8m 5.59% Reduced -3.1k -3,148
86 MAI Capital Management 0.17% of their portfolio INDEPENDENCE, OH 407,033407.0k $23.4m $23.4m 0.17% Added +270.5k +270,491
87 PRINCIPAL SECURITIES, INC. 0.51% of their portfolio DES MOINES, IA 397,336397.3k $22.9m $22.9m 0.51% Added +62.2k +62,223
88 Integrated Wealth Concepts LLC 0.27% of their portfolio WALTHAM, MA 397,097397.1k $22.8m $22.8m 0.27% Added +6.1k +6,112
89 SK Wealth Management, LLC 11.60% of their portfolio PROVIDENCE, RI 396,113396.1k $22.8m $22.8m 11.60% Added +5.5k +5,454
90 Beacon Pointe Advisors, LLC 0.25% of their portfolio NEWPORT BEACH, CA 394,496394.5k $22.7m $22.7m 0.25% Added +24.8k +24,762
91 BOKF, NA 0.37% of their portfolio TULSA, OK 380,212380.2k $21.7m $21.7m 0.37% Added +58.3k +58,263
92 Graypoint LLC 1.29% of their portfolio Albany, NY 370,985371.0k $21.3m $21.3m 1.29% Reduced -4.9k -4,854
93 TigerOak Management, L.L.C. 7.74% of their portfolio NASHVILLE, TN 368,020368.0k $21.2m $21.2m 7.74% First filing
94 THOROUGHBRED FINANCIAL SERVICES, LLC 1.28% of their portfolio BRENTWOOD, TN 363,203363.2k $20.9m $20.9m 1.28% Added +5.3k +5,350
95 CHILDRESS CAPITAL ADVISORS, LLC 5.71% of their portfolio HOUSTON, TX 355,986356.0k $20.5m $20.5m 5.71% Added +12.0k +12,037
96 Integrated Advisors Network LLC 0.96% of their portfolio DALLAS, TX 348,801348.8k $20.1m $20.1m 0.96% Added +80.0k +79,979
97 Steele Capital Management, Inc. 1.04% of their portfolio DUBUQUE, IA 344,275344.3k $19.9m $19.9m 1.04% Added +12.7k +12,713
98 Avantax Planning Partners, Inc. 0.71% of their portfolio DUBUQUE, IA 344,053344.1k $19.8m $19.8m 0.71% Added +6.3k +6,334
99 Wagner Wealth Management, LLC 5.10% of their portfolio GREENVILLE, SC 343,408343.4k $19.8m $19.8m 5.10% Added +18.4k +18,363
100 B. Riley Wealth Advisors, Inc. 0.65% of their portfolio MEMPHIS, TN 340,393340.4k $19.7m $19.7m 0.65% Reduced -23.5k -23,508