Vault-13

J P MORGAN EXCHANGE TRADED F JEPI

EQUITY PREMIUM · ETP · CUSIP 46641Q332

1,270 institutional holders +11 vs Q4 2024
315,841,031315.8m shares reported held*
$18.0bnreported value*
97 new 701 added 343 reduced 74 sold out net bought ≈ $1.4bn (+23.9m 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 ($635.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.01. Options: 3 managers hold calls ($29.2m notional), 5 hold puts ($19.5m).

Trends to Q1 2025

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: 1,259Q1 25: 1,2701,270Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
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
Q1 20251,270

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 645 bought or addedQ2 23: 183 cut or sold outQ3 23: 629 bought or addedQ3 23: 258 cut or sold outQ3 23Q4 23: 567 bought or addedQ4 23: 345 cut or sold outQ1 24: 698 bought or addedQ1 24: 335 cut or sold outQ1 24Q2 24: 682 bought or addedQ2 24: 367 cut or sold outQ3 24: 663 bought or addedQ3 24: 404 cut or sold outQ3 24Q4 24: 750 bought or addedQ4 24: 333 cut or sold outQ1 25: 798 bought or addedQ1 25: 417 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023645183
Q3 2023629258
Q4 2023567345
Q1 2024698335
Q2 2024682367
Q3 2024663404
Q4 2024750333
Q1 2025798417

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 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 1.60Q1 25 calls: $29.2mQ1 25 puts: $19.5mQ1 25P/C 0.67
Numbers
QuarterCallsPutsP/C
Q2 2024$16.1m$17.9m1.12
Q3 2024$18.3m$18.3m1.00
Q4 2024$10.3m$16.5m1.60
Q1 2025$29.2m$19.5m0.67

Biggest buyers

JPMORGAN CHASE & CO Added +7,443,750+7.4m
MORGAN STANLEY Added +2,397,056+2.4m
BANK OF AMERICA CORP /DE/ Added +1,427,106+1.4m
WELLS FARGO & COMPANY/MN Added +1,159,357+1.2m
RAYMOND JAMES FINANCIAL INC Added +833,285+833.3k
COMMONWEALTH EQUITY SERVICES, LLC Added +778,433+778.4k
ENVESTNET ASSET MANAGEMENT INC Added +774,664+774.7k
ROYAL BANK OF CANADA Added +772,858+772.9k
UBS Group AG Added +683,479+683.5k
JONES FINANCIAL COMPANIES LLLP Added +668,511+668.5k

Biggest sellers

JANE STREET GROUP, LLC Sold out -840,282-840.3k
Eaton Financial Holdings Company, LLC Reduced -723,145-723.1k
Quadrature Capital Ltd Sold out -653,385-653.4k
Focus Partners Wealth Reduced -516,757-516.8k
Leverty Financial Group, LLC Sold out -513,776-513.8k
CFO4Life Group, LLC Reduced -382,077-382.1k
POTOMAC FUND MANAGEMENT INC /ADV Sold out -261,188-261.2k
Jaffetilchin Investment Partners, LLC Reduced -216,836-216.8k
BESSEMER GROUP INC Reduced -184,329-184.3k
Integrated Advisors Network LLC Reduced -172,945-172.9k

Biggest calls

CITADEL ADVISORS LLC Added $25.1m438.9k shares
JANE STREET GROUP, LLC Added $3.8m65.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $377.1k6.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.9m190.8k shares
CITADEL ADVISORS LLC Added $5.7m100.5k shares
JANE STREET GROUP, LLC Added $2.5m43.6k shares
WOLVERINE TRADING, LLC Reduced $340.1k6.0k shares
Quaker Wealth Management, LLC First filing $4.4k77 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.18% of their portfolio NEW YORK, NY 43,911,51343.9m $2.5bn $2.5bn 0.18% Added +2.4m +2,397,056
2 BANK OF AMERICA CORP /DE/ 0.17% of their portfolio CHARLOTTE, NC 32,681,22232.7m $1.9bn $1.9bn 0.17% Added +1.4m +1,427,106
3 JPMORGAN CHASE & CO 0.12% of their portfolio NEW YORK, NY 28,174,39028.2m $1.6bn $1.6bn 0.12% Added +7.4m +7,443,750
4 WELLS FARGO & COMPANY/MN 0.22% of their portfolio SAN FRANCISCO, CA 15,714,40315.7m $897.9m $897.9m 0.22% Added +1.2m +1,159,357
5 UBS Group AG 0.11% of their portfolio ZURICH, V8 8,351,9198.4m $477.2m $477.2m 0.11% Added +683.5k +683,479
6 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 8,119,1398.1m $463.9m $463.9m 0.10% Added +772.9k +772,858
7 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 7,611,3297.6m $434.9m $434.9m 0.14% Added +774.7k +774,664
8 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 6,435,5936.4m $367.7m $367.7m 0.14% Added +833.3k +833,285
9 OSAIC HOLDINGS, INC. 0.79% of their portfolio SCOTTSDALE, AZ 6,163,0336.2m $352.3m $352.3m 0.79% Added +497.5k +497,489
10 COMMONWEALTH EQUITY SERVICES, LLC 0.40% of their portfolio WALTHAM, MA 4,903,2954.9m $280.2m $280.2m 0.40% Added +778.4k +778,433
11 Cetera Investment Advisers 0.43% of their portfolio SCHAUMBURG, IL 3,865,4203.9m $220.9m $220.9m 0.43% Added +241.2k +241,170
12 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 3,728,3383.7m $213.0m $213.0m 0.29% Added +46.3k +46,266
13 CIBC Private Wealth Group LLC 0.37% of their portfolio ATLANTA, GA 3,428,4483.4m $175.3m $175.3m 0.37% Reduced -11.7k -11,650
14 MML INVESTORS SERVICES, LLC 0.61% of their portfolio SPRINGFIELD, MA 3,199,1883.2m $182.8m $182.8m 0.61% Added +466.2k +466,204
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.14% of their portfolio MILWAUKEE, WI 3,033,9213.0m $173.4m $173.4m 0.14% Added +201.8k +201,782
16 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 2,504,5572.5m $143.1m $143.1m 0.06% Added +275.4k +275,411
17 Janney Montgomery Scott LLC 0.40% of their portfolio PHILADELPHIA, PA 2,477,3652.5m $141.6m $141.6m 0.40% Added +18.0k +18,042
18 STIFEL FINANCIAL CORP 0.15% of their portfolio ST. LOUIS, MO 2,470,8132.5m $141.2m $141.2m 0.15% Added +219.0k +219,006
19 RiverFront Investment Group, LLC 2.60% of their portfolio RICHMOND, VA 2,043,9682.0m $116.8m $116.8m 2.60% Added +41.1k +41,051
20 Cambridge Investment Research Advisors, Inc. 0.39% of their portfolio FAIRFIELD, IA 2,043,5482.0m $116.8m $116.8m 0.39% Added +73.4k +73,421
21 CWM, LLC 0.44% of their portfolio OMAHA, NE 1,939,7441.9m $110.8m $110.8m 0.44% Reduced -35.9k -35,861
22 Cornerstone Advisory, LLC 12.45% of their portfolio HUNT VALLEY, MD 1,926,4441.9m $106.7m $106.7m 12.45% Added +81.8k +81,845
23 Confluence Wealth Services, Inc. 6.04% of their portfolio MCMURRAY, PA 1,766,7671.8m $95.8m $95.8m 6.04% Added +182.8k +182,808
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.19% of their portfolio PLYMOUTH, MN 1,710,8561.7m $97.8m $97.8m 0.19% Added +130.9k +130,869
25 Enstar Group LTD 33.19% of their portfolio Hamilton, D0 1,539,0251.5m $87.9m $87.9m 33.19% Unchanged
26 FIRST FOUNDATION ADVISORS 3.50% of their portfolio Irvine, CA 1,502,8691.5m $85.9m $85.9m 3.50% Reduced -93.5k -93,533
27 Kestra Advisory Services, LLC 0.41% of their portfolio AUSTIN, TX 1,493,7771.5m $85.4m $85.4m 0.41% Added +172.3k +172,310
28 Clearstead Advisors, LLC 1.32% of their portfolio CLEVELAND, OH 1,487,4581.5m $85.0m $85.0m 1.32% Added +83.7k +83,720
29 Rockefeller Capital Management L.P. 0.20% of their portfolio NEW YORK, NY 1,439,4361.4m $82.2m $82.2m 0.20% Added +72.4k +72,401
30 FAS Wealth Partners, Inc. 6.60% of their portfolio LEAWOOD, KS 1,415,6481.4m $80.9m $80.9m 6.60% Added +100.6k +100,553
31 Atria Wealth Solutions, Inc. 0.94% of their portfolio NEW YORK, NY 1,360,7791.4m $77.8m $77.8m 0.94% Added +99.6k +99,622
32 Baird Financial Group, Inc. 0.14% of their portfolio MILWAUKEE, WI 1,264,2481.3m $72.2m $72.2m 0.14% Added +51.2k +51,227
33 Requisite Capital Management, LLC 16.21% of their portfolio DALLAS, TX 1,258,1351.3m $71.9m $71.9m 16.21% Reduced -85.2k -85,158
34 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 1,219,6661.2m $69.7m $69.7m 0.04% Added +145.9k +145,917
35 AVANTAX ADVISORY SERVICES, INC. 0.41% of their portfolio DALLAS, TX 1,192,9291.2m $68.2m $68.2m 0.41% Added +209.9k +209,915
36 Allworth Financial LP 0.35% of their portfolio FOLSOM, CA 1,128,2321.1m $61.8m $61.8m 0.35% Reduced -37.3k -37,270
37 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,111,3031.1m $63.5m $63.5m 0.02% Added +21.1k +21,126
38 CAPITAL ADVISORS INC/OK 1.17% of their portfolio TULSA, OK 1,025,8221.0m $58.6m $58.6m 1.17% Added +153.7k +153,653
39 Apollon Wealth Management, LLC 1.25% of their portfolio MOUNT PLEASANT, SC 996,040996.0k $56.9m $56.9m 1.25% Added +226.5k +226,456
40 CARY STREET PARTNERS FINANCIAL LLC 1.72% of their portfolio RICHMOND, VA 951,591951.6k $54.4m $54.4m 1.72% Added +21.0k +21,001
41 Prime Capital Investment Advisors, LLC 0.62% of their portfolio OVERLAND PARK, KS 936,022936.0k $53.5m $53.5m 0.62% Added +426.9k +426,917
42 TRUIST FINANCIAL CORP 0.08% of their portfolio CHARLOTTE, NC 891,711891.7k $51.0m $51.0m 0.08% Added +73.2k +73,211
43 Steward Partners Investment Advisory, LLC 0.44% of their portfolio STAMFORD, CT 868,379868.4k $49.6m $49.6m 0.44% Added +88.5k +88,500
44 Brookstone Capital Management 0.65% of their portfolio WHEATON, IL 794,178794.2k $45.4m $45.4m 0.65% Added +35.3k +35,265
45 Sandy Spring Bank 1.85% of their portfolio Olney, MD 770,714770.7k $44.0m $44.0m 1.85% Added +35.8k +35,821
46 Prosperity Consulting Group, LLC 3.37% of their portfolio OWINGS MILLS, MD 763,976764.0k $43.7m $43.7m 3.37% Added +53.9k +53,857
47 Teamwork Financial Advisors, LLC 5.93% of their portfolio San Antonio, TX 753,687753.7k $43.1m $43.1m 5.93% Added +126.5k +126,500
48 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 730,813730.8k $41.8m $41.8m 0.10% Reduced -516.8k -516,757
49 PINNACLE ASSOCIATES LTD 0.57% of their portfolio NEW YORK, NY 678,566678.6k $38.8m $38.8m 0.57% Added +47.3k +47,310
50 HUB Investment Partners, LLC 1.55% of their portfolio AUSTIN, TX 672,822672.8k $38.4m $38.4m 1.55% Added +101.4k +101,384
51 Pacific Center for Financial Services 10.18% of their portfolio DANVILLE, CA 671,810671.8k $38.4m $38.4m 10.18% Added +2.9k +2,901
52 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 668,517668.5k $37.9m $37.9m 0.03% Added +668.5k +668,511
53 Sanctuary Advisors, LLC 0.26% of their portfolio INDIANAPOLIS, IN 651,945651.9k $37.3m $37.3m 0.26% Added +26.0k +25,978
54 Capital Investment Advisors, LLC 0.73% of their portfolio ATLANTA, GA 651,454651.5k $37.2m $37.2m 0.73% Reduced -144.9k -144,897
55 OAKWORTH CAPITAL, INC. 2.59% of their portfolio BIRMINGHAM, AL 650,469650.5k $37.2m $37.2m 2.59% Added +6.2k +6,248
56 Kathmere Capital Management, LLC 3.08% of their portfolio WAYNE, PA 633,774633.8k $36.2m $36.2m 3.08% Added +14.4k +14,388
57 Lebenthal Global Advisors, LLC 6.77% of their portfolio Hauppauge, NY 631,853631.9k $36.1m $36.1m 6.77% Added +10.7k +10,667
58 Orion Portfolio Solutions, LLC 0.18% of their portfolio Omaha, NE 631,253631.3k $36.2m $36.2m 0.18% Added +361.6k +361,603
59 Coastal Bridge Advisors, LLC 5.15% of their portfolio WESTPORT, CT 631,124631.1k $36.1m $36.1m 5.15% Added +129.4k +129,399
60 SYNOVUS FINANCIAL CORP 0.46% of their portfolio Columbus, GA 623,364623.4k $35.6m $35.6m 0.46% Added +85.9k +85,938
61 NOTTINGHAM ADVISORS, INC. 5.40% of their portfolio AMHERST, NY 618,128618.1k $35.3m $35.3m 5.40% Reduced -118.2k -118,155
62 Melia Wealth LLC 18.04% of their portfolio TULSA, OK 611,883611.9k $35.0m $35.0m 18.04% Added +11.0k +11,048
63 &PARTNERS 0.36% of their portfolio NASHVILLE, TN 603,194603.2k $34.2m $34.2m 0.36% Added +73.6k +73,647
64 STEPHENS INC /AR/ 0.49% of their portfolio LITTLE ROCK, AR 589,462589.5k $33.7m $33.7m 0.49% Added +64.1k +64,087
65 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 586,093586.1k $33.5m $33.5m 0.01% Added +26.6k +26,611
66 Magnus Financial Group LLC 3.22% of their portfolio NEW YORK, NY 581,397581.4k $33.2m $33.2m 3.22% Added +7.5k +7,487
67 KESTRA PRIVATE WEALTH SERVICES, LLC 0.53% of their portfolio AUSTIN, TX 561,244561.2k $32.1m $32.1m 0.53% Added +70.4k +70,380
68 HBW ADVISORY SERVICES LLC 4.45% of their portfolio SIMI VALLEY, CA 548,219548.2k $31.3m $31.3m 4.45% Added +26.8k +26,849
69 Corrigan Financial, Inc. 6.41% of their portfolio MIDDLETOWN, RI 544,076544.1k $31.1m $31.1m 6.41% Added +89.0k +89,027
70 Hilton Capital Management, LLC 2.57% of their portfolio Garden City, NY 529,183529.2k $30.2m $30.2m 2.57% Added +8.6k +8,642
71 Geneos Wealth Management Inc. 0.43% of their portfolio ENGLEWOOD, CO 528,780528.8k $30.2m $30.2m 0.43% Added +295.1k +295,116
72 Aptus Capital Advisors, LLC 0.34% of their portfolio FAIRHOPE, AL 523,367523.4k $29.9m $29.9m 0.34% Added +20.6k +20,634
73 RATIONAL ADVISORS, INC. 2.95% of their portfolio San Juan, PR 511,836511.8k $29.2m $29.2m 2.95% Reduced -36.6k -36,613
74 Prospera Financial Services Inc 0.67% of their portfolio Dallas, TX 509,323509.3k $29.1m $29.1m 0.67% Added +42.3k +42,322
75 Horizon Advisory Services, Inc. 15.03% of their portfolio WEST HENRIETTA, NY 464,694464.7k $26.6m $26.6m 15.03% Reduced -1.4k -1,420
76 Badgley Phelps Wealth Managers, LLC 0.63% of their portfolio SEATTLE, WA 460,328460.3k $26.3m $26.3m 0.63% Added +10.4k +10,403
77 ELEMENT POINTE ADVISORS, LLC 6.39% of their portfolio MIAMI, FL 460,228460.2k $26.3m $26.3m 6.39% Added +7.3k +7,268
78 Bouchey Financial Group, Ltd. 2.33% of their portfolio TROY, NY 452,811452.8k $25.9m $25.9m 2.33% Added +10.8k +10,841
79 CORNERSTONE ENTERPRISES, LLC 15.55% of their portfolio APPLETON, WI 446,480446.5k $25.5m $25.5m 15.55% Added +166.0k +166,029
80 Stratos Investment Management, LLC 1.35% of their portfolio BEACHWOOD, OH 444,967445.0k $25.4m $25.4m 1.35% Added +105.1k +105,141
81 Beacon Pointe Advisors, LLC 0.28% of their portfolio NEWPORT BEACH, CA 439,859439.9k $25.1m $25.1m 0.28% Added +45.4k +45,363
82 MAI Capital Management 0.19% of their portfolio INDEPENDENCE, OH 431,103431.1k $24.6m $24.6m 0.19% Added +24.1k +24,070
83 Mariner, LLC 0.04% of their portfolio Overland Park, KS 426,672426.7k $24.4m $24.4m 0.04% Reduced -26.1k -26,113
84 PATTEN & PATTEN INC/TN 1.62% of their portfolio CHATTANOOGA, TN 424,382424.4k $24.2m $24.2m 1.62% Reduced -922 -922
85 BOKF, NA 0.42% of their portfolio TULSA, OK 419,460419.5k $24.0m $24.0m 0.42% Added +39.2k +39,248
86 Beta Wealth Group, Inc. 8.59% of their portfolio SAN DIEGO, CA 418,492418.5k $23.9m $23.9m 8.59% Added +191.8k +191,850
87 FSA WEALTH PARTNERS, INC. 8.98% of their portfolio Rockville, MD 415,469415.5k $23.7m $23.7m 8.98% Added +1.6k +1,574
88 Sterling Investment Counsel, LLC 8.09% of their portfolio Buffalo, NY 414,001414.0k $23.7m $23.7m 8.09% Added +230.4k +230,447
89 Integrated Wealth Concepts LLC 0.28% of their portfolio WALTHAM, MA 412,909412.9k $23.6m $23.6m 0.28% Added +15.8k +15,812
90 PRINCIPAL SECURITIES, INC. 0.51% of their portfolio DES MOINES, IA 398,768398.8k $22.9m $22.9m 0.51% Added +1.4k +1,432
91 Wagner Wealth Management, LLC 5.48% of their portfolio GREENVILLE, SC 384,890384.9k $22.0m $22.0m 5.48% Added +41.5k +41,482
92 Pinnacle Wealth Management Advisory Group, LLC 2.04% of their portfolio RED BANK, NJ 382,194382.2k $21.8m $21.8m 2.04% Added +41.9k +41,850
93 THOROUGHBRED FINANCIAL SERVICES, LLC 1.34% of their portfolio BRENTWOOD, TN 376,891376.9k $21.5m $21.5m 1.34% Added +13.7k +13,688
94 Graypoint LLC 1.34% of their portfolio Albany, NY 376,462376.5k $21.5m $21.5m 1.34% Added +5.5k +5,477
95 Advance Capital Management, Inc. 1.02% of their portfolio SOUTHFIELD, MI 372,621372.6k $21.3m $21.3m 1.02% Added +32.4k +32,382
96 TigerOak Management, L.L.C. 8.22% of their portfolio NASHVILLE, TN 372,366372.4k $21.3m $21.3m 8.22% Added +4.3k +4,346
97 Steele Capital Management, Inc. 1.10% of their portfolio DUBUQUE, IA 369,924369.9k $21.1m $21.1m 1.10% Added +25.6k +25,649
98 SK Wealth Management, LLC 10.41% of their portfolio PROVIDENCE, RI 367,985368.0k $19.4m $19.4m 10.41% Reduced -28.1k -28,128
99 Waverly Advisors, LLC 0.25% of their portfolio BIRMINGHAM, AL 364,108364.1k $20.8m $20.8m 0.25% Added +100.8k +100,801
100 ORRSTOWN FINANCIAL SERVICES INC 4.93% of their portfolio HARRISBURG, PA 362,650362.6k $20.7m $20.7m 4.93% Added +172.7k +172,656