Vault-13

J P MORGAN EXCHANGE TRADED F JEPI

EQUITY PREMIUM · ETP · CUSIP 46641Q332

1,289 institutional holders +19 vs Q1 2025
329,477,583329.5m shares reported held*
$18.7bnreported value*
95 new 666 added 415 reduced 77 sold out net bought ≈ $862.5m (+15.1m 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 ($630.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.86. Options: 4 managers hold calls ($47.7m notional), 3 hold puts ($34.8m).

Trends to Q2 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: 1,270Q2 25: 1,2891,289Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 20251,289

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 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 24Q1 25: 798 bought or addedQ1 25: 417 cut or sold outQ2 25: 761 bought or addedQ2 25: 492 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023629258
Q4 2023567345
Q1 2024698335
Q2 2024682367
Q3 2024663404
Q4 2024750333
Q1 2025798417
Q2 2025761492

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 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 0.67Q2 25 calls: $47.7mQ2 25 puts: $34.8mQ2 25P/C 0.73
Numbers
QuarterCallsPutsP/C
Q3 2024$18.3m$18.3m1.00
Q4 2024$10.3m$16.5m1.60
Q1 2025$29.2m$19.5m0.67
Q2 2025$47.7m$34.8m0.73

Biggest buyers

ROYAL BANK OF CANADA Added +8,415,955+8.4m
Nationwide Fund Advisors New +6,983,251+7.0m
MORGAN STANLEY Added +1,921,645+1.9m
Rockefeller Capital Management L.P. Added +1,640,158+1.6m
LPL Financial LLC Added +1,409,866+1.4m
ENVESTNET ASSET MANAGEMENT INC Added +1,327,996+1.3m
Hamilton Capital, LLC New +1,273,052+1.3m
Bank of New York Mellon Corp Added +1,122,256+1.1m
RiverFront Investment Group, LLC Added +859,879+859.9k
Atlantic Union Bankshares Corp Added +820,010+820.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -14,769,747-14.8m
Requisite Capital Management, LLC Reduced -1,030,632-1.0m
Atria Wealth Solutions, Inc. Reduced -853,327-853.3k
Prime Capital Investment Advisors, LLC Reduced -704,654-704.7k
HighTower Advisors, LLC Reduced -543,600-543.6k
Pacific Center for Financial Services Reduced -512,937-512.9k
Badgley Phelps Wealth Managers, LLC Reduced -451,696-451.7k
FSA WEALTH PARTNERS, INC. Sold out -415,469-415.5k
FINANCIAL COUNSELORS INC Sold out -349,352-349.4k
Magnus Financial Group LLC Reduced -318,558-318.6k

Biggest calls

CITADEL ADVISORS LLC Added $41.6m731.2k shares
JANE STREET GROUP, LLC Added $4.1m71.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.2m21.1k shares
WOLVERINE TRADING, LLC New $832.9k14.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $27.7m488.0k shares
CITADEL ADVISORS LLC Reduced $4.7m82.4k shares
JANE STREET GROUP, LLC Reduced $2.4m41.9k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 45,833,15845.8m $2.6bn $2.6bn 0.17% Added +1.9m +1,921,645
2 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 33,372,18233.4m $1.9bn $1.9bn 0.15% Added +691.0k +690,960
3 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 16,535,09416.5m $940.0m $940.0m 0.09% Added +8.4m +8,415,955
4 WELLS FARGO & COMPANY/MN 0.21% of their portfolio SAN FRANCISCO, CA 16,434,18216.4m $934.3m $934.3m 0.21% Added +719.8k +719,779
5 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 13,404,64313.4m $762.1m $762.1m 0.05% Reduced -14.8m -14,769,747
6 ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio Berwyn, PA 8,939,3258.9m $508.2m $508.2m 0.15% Added +1.3m +1,327,996
7 UBS Group AG 0.10% of their portfolio ZURICH, V8 8,465,9458.5m $481.3m $481.3m 0.10% Added +114.0k +114,026
8 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 7,072,1797.1m $402.1m $402.1m 0.14% Added +636.6k +636,586
9 Nationwide Fund Advisors 22.22% of their portfolio COLUMBUS, OH 6,983,2517.0m $397.0m $397.0m 22.22% New
10 OSAIC HOLDINGS, INC. 0.63% of their portfolio SCOTTSDALE, AZ 6,248,3596.2m $355.3m $355.3m 0.63% Added +85.3k +85,326
11 COMMONWEALTH EQUITY SERVICES, LLC 0.38% of their portfolio WALTHAM, MA 5,091,9095.1m $289.5m $289.5m 0.38% Added +188.6k +188,614
12 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 3,914,4233.9m $222.5m $222.5m 0.07% Added +1.4m +1,409,866
13 Cetera Investment Advisers 0.35% of their portfolio SCHAUMBURG, IL 3,694,8683.7m $210.1m $210.1m 0.35% Reduced -170.6k -170,552
14 CIBC Private Wealth Group LLC 0.34% of their portfolio ATLANTA, GA 3,371,7093.4m $191.7m $191.7m 0.34% Reduced -56.7k -56,739
15 MML INVESTORS SERVICES, LLC 0.55% of their portfolio SPRINGFIELD, MA 3,357,8333.4m $190.9m $190.9m 0.55% Added +158.6k +158,645
16 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 3,184,7383.2m $181.1m $181.1m 0.23% Reduced -543.6k -543,600
17 Rockefeller Capital Management L.P. 0.20% of their portfolio NEW YORK, NY 3,079,5943.1m $175.1m $175.1m 0.20% Added +1.6m +1,640,158
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.13% of their portfolio MILWAUKEE, WI 3,064,8283.1m $174.2m $174.2m 0.13% Added +30.9k +30,907
19 STIFEL FINANCIAL CORP 0.16% of their portfolio ST. LOUIS, MO 2,921,1102.9m $166.1m $166.1m 0.16% Added +450.3k +450,297
20 RiverFront Investment Group, LLC 3.22% of their portfolio RICHMOND, VA 2,903,8472.9m $165.1m $165.1m 3.22% Added +859.9k +859,879
21 Janney Montgomery Scott LLC 0.39% of their portfolio PHILADELPHIA, PA 2,600,6632.6m $147.8m $147.8m 0.39% Added +123.3k +123,298
22 Cambridge Investment Research Advisors, Inc. 0.34% of their portfolio FAIRFIELD, IA 1,994,6612.0m $113.4m $113.4m 0.34% Reduced -48.9k -48,887
23 Cornerstone Advisory, LLC 11.98% of their portfolio HUNT VALLEY, MD 1,962,0312.0m $111.5m $111.5m 11.98% Added +35.6k +35,587
24 CWM, LLC 0.39% of their portfolio OMAHA, NE 1,960,3702.0m $111.4m $111.4m 0.39% Added +20.6k +20,626
25 Confluence Wealth Services, Inc. 5.75% of their portfolio MCMURRAY, PA 1,854,0521.9m $105.4m $105.4m 5.75% Added +87.3k +87,285
26 Kestra Advisory Services, LLC 0.50% of their portfolio AUSTIN, TX 1,785,7591.8m $101.5m $101.5m 0.50% Added +292.0k +291,982
27 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,708,3491.7m $97.1m $97.1m 0.02% Added +1.1m +1,122,256
28 Enstar Group LTD 32.19% of their portfolio Hamilton, D0 1,539,0251.5m $87.5m $87.5m 32.19% Unchanged
29 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.14% of their portfolio PLYMOUTH, MN 1,527,9171.5m $87.0m $87.0m 0.14% Reduced -182.9k -182,939
30 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,486,2791.5m $84.5m $84.5m 0.02% Added +375.0k +374,976
31 FAS Wealth Partners, Inc. 6.22% of their portfolio LEAWOOD, KS 1,479,5871.5m $84.1m $84.1m 6.22% Added +63.9k +63,939
32 JONES FINANCIAL COMPANIES LLLP 0.06% of their portfolio DES PERES, MO 1,446,1091.4m $81.9m $81.9m 0.06% Added +777.6k +777,592
33 FIRST FOUNDATION ADVISORS 3.01% of their portfolio Irvine, CA 1,430,7641.4m $81.3m $81.3m 3.01% Reduced -72.1k -72,105
34 Clearstead Advisors, LLC 1.14% of their portfolio CLEVELAND, OH 1,426,9001.4m $81.1m $81.1m 1.14% Reduced -60.6k -60,558
35 Baird Financial Group, Inc. 0.14% of their portfolio MILWAUKEE, WI 1,383,2741.4m $78.6m $78.6m 0.14% Added +119.0k +119,026
36 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 1,326,8131.3m $75.4m $75.4m 0.05% Added +107.1k +107,147
37 Hamilton Capital, LLC 3.98% of their portfolio COLUMBUS, OH 1,273,0521.3m $72.4m $72.4m 3.98% New
38 AVANTAX ADVISORY SERVICES, INC. 0.38% of their portfolio DALLAS, TX 1,219,3391.2m $69.3m $69.3m 0.38% Added +26.4k +26,410
39 Allworth Financial LP 0.31% of their portfolio FOLSOM, CA 1,143,9281.1m $65.0m $65.0m 0.31% Added +15.7k +15,696
40 CAPITAL ADVISORS INC/OK 1.07% of their portfolio TULSA, OK 1,044,6411.0m $59.4m $59.4m 1.07% Added +18.8k +18,819
41 TRUIST FINANCIAL CORP 0.08% of their portfolio CHARLOTTE, NC 1,007,1941.0m $57.3m $57.3m 0.08% Added +115.5k +115,483
42 CARY STREET PARTNERS FINANCIAL LLC 1.57% of their portfolio RICHMOND, VA 981,921981.9k $55.8m $55.8m 1.57% Added +30.3k +30,330
43 Atlantic Union Bankshares Corp 1.24% of their portfolio GLEN ALLEN, VA 956,167956.2k $54.4m $54.4m 1.24% Added +820.0k +820,010
44 Steward Partners Investment Advisory, LLC 0.42% of their portfolio STAMFORD, CT 938,488938.5k $53.4m $53.4m 0.42% Added +70.1k +70,109
45 Teamwork Financial Advisors, LLC 6.33% of their portfolio San Antonio, TX 907,939907.9k $51.6m $51.6m 6.33% Added +154.3k +154,252
46 Apollon Wealth Management, LLC 0.96% of their portfolio MOUNT PLEASANT, SC 853,671853.7k $48.5m $48.5m 0.96% Reduced -142.4k -142,369
47 Brookstone Capital Management 0.62% of their portfolio WHEATON, IL 828,514828.5k $47.1m $47.1m 0.62% Added +34.3k +34,336
48 Prosperity Consulting Group, LLC 3.38% of their portfolio OWINGS MILLS, MD 815,079815.1k $46.3m $46.3m 3.38% Added +51.1k +51,103
49 Focus Partners Wealth 0.10% of their portfolio ST LOUIS, MO 780,603780.6k $44.4m $44.4m 0.10% Added +49.8k +49,790
50 Sanctuary Advisors, LLC 0.26% of their portfolio INDIANAPOLIS, IN 742,140742.1k $42.2m $42.2m 0.26% Added +90.2k +90,195
51 Lebenthal Global Advisors, LLC 7.82% of their portfolio Hauppauge, NY 736,457736.5k $41.9m $41.9m 7.82% Added +104.6k +104,604
52 Hilton Capital Management, LLC 3.33% of their portfolio Garden City, NY 734,824734.8k $41.8m $41.8m 3.33% Added +205.6k +205,641
53 &PARTNERS 0.32% of their portfolio NASHVILLE, TN 734,258734.3k $41.8m $41.8m 0.32% Added +131.1k +131,064
54 HUB Investment Partners, LLC 1.37% of their portfolio AUSTIN, TX 688,315688.3k $39.1m $39.1m 1.37% Added +15.5k +15,493
55 PINNACLE ASSOCIATES LTD 0.56% of their portfolio NEW YORK, NY 683,775683.8k $38.9m $38.9m 0.56% Added +5.2k +5,209
56 Kathmere Capital Management, LLC 2.89% of their portfolio WAYNE, PA 660,516660.5k $37.6m $37.6m 2.89% Added +26.7k +26,742
57 Traynor Capital Management, Inc. 2.66% of their portfolio MALVERN, PA 659,678659.7k $37.5m $37.5m 2.66% Added +531.4k +531,388
58 OAKWORTH CAPITAL, INC. 2.39% of their portfolio BIRMINGHAM, AL 652,489652.5k $37.1m $37.1m 2.39% Added +2.0k +2,020
59 SYNOVUS FINANCIAL CORP 0.45% of their portfolio Columbus, GA 650,275650.3k $37.0m $37.0m 0.45% Added +26.9k +26,911
60 Savant Capital, LLC 0.26% of their portfolio ROCKFORD, IL 647,734647.7k $36.8m $36.8m 0.26% Added +628.6k +628,572
61 Melia Wealth LLC 17.57% of their portfolio TULSA, OK 645,241645.2k $36.7m $36.7m 17.57% Added +33.4k +33,358
62 Coastal Bridge Advisors, LLC 2.98% of their portfolio WESTPORT, CT 630,278630.3k $35.8m $35.8m 2.98% Reduced -846 -846
63 Capital Investment Advisors, LLC 0.63% of their portfolio ATLANTA, GA 622,300622.3k $36.0m $36.0m 0.63% Reduced -29.2k -29,154
64 NOTTINGHAM ADVISORS, INC. 5.23% of their portfolio AMHERST, NY 620,233620.2k $35.3m $35.3m 5.23% Added +2.1k +2,105
65 KESTRA PRIVATE WEALTH SERVICES, LLC 0.51% of their portfolio AUSTIN, TX 617,957618.0k $35.1m $35.1m 0.51% Added +56.7k +56,713
66 STEPHENS INC /AR/ 0.48% of their portfolio LITTLE ROCK, AR 613,496613.5k $34.9m $34.9m 0.48% Added +24.0k +24,034
67 PRINCIPAL SECURITIES, INC. 0.60% of their portfolio DES MOINES, IA 560,284560.3k $31.9m $31.9m 0.60% Added +161.5k +161,516
68 WNY Asset Management, LLC 3.47% of their portfolio Williamsville, NY 554,079554.1k $31.5m $31.5m 3.47% Added +218.3k +218,251
69 NewEdge Advisors, LLC 0.16% of their portfolio NEW ORLEANS, LA 551,136551.1k $31.3m $31.3m 0.16% Added +289.9k +289,862
70 Prospera Financial Services Inc 0.58% of their portfolio Dallas, TX 543,695543.7k $30.9m $30.9m 0.58% Added +34.4k +34,372
71 FIRST FINANCIAL BANK - TRUST DIVISION 2.64% of their portfolio HAMILTON, OH 528,608528.6k $30.1m $30.1m 2.64% New
72 HBW ADVISORY SERVICES LLC 3.68% of their portfolio SIMI VALLEY, CA 524,375524.4k $29.8m $29.8m 3.68% Reduced -23.8k -23,844
73 Stratos Investment Management, LLC 1.36% of their portfolio BEACHWOOD, OH 524,030524.0k $29.8m $29.8m 1.36% Added +79.1k +79,063
74 J.W. COLE ADVISORS, INC. 0.63% of their portfolio TAMPA, FL 522,454522.5k $29.7m $29.7m 0.63% Added +179.1k +179,086
75 RATIONAL ADVISORS, INC. 2.90% of their portfolio San Juan, PR 514,292514.3k $29.2m $29.2m 2.90% Added +2.5k +2,456
76 Aptus Capital Advisors, LLC 0.29% of their portfolio FAIRHOPE, AL 513,453513.5k $29.2m $29.2m 0.29% Reduced -9.9k -9,914
77 Atria Wealth Solutions, Inc. 0.65% of their portfolio NEW YORK, NY 507,452507.5k $28.9m $28.9m 0.65% Reduced -853.3k -853,327
78 CORNERSTONE ENTERPRISES, LLC 15.26% of their portfolio APPLETON, WI 498,682498.7k $28.4m $28.4m 15.26% Added +52.2k +52,202
79 Horizon Advisory Services, Inc. 14.48% of their portfolio WEST HENRIETTA, NY 473,982474.0k $26.9m $26.9m 14.48% Added +9.3k +9,288
80 Bouchey Financial Group, Ltd. 2.19% of their portfolio TROY, NY 463,019463.0k $26.3m $26.3m 2.19% Added +10.2k +10,208
81 BOKF, NA 0.41% of their portfolio TULSA, OK 445,175445.2k $25.3m $25.3m 0.41% Added +25.7k +25,715
82 MAI Capital Management 0.17% of their portfolio INDEPENDENCE, OH 438,744438.7k $24.9m $24.9m 0.17% Added +7.6k +7,641
83 Beacon Pointe Advisors, LLC 0.26% of their portfolio NEWPORT BEACH, CA 429,983430.0k $24.4m $24.4m 0.26% Reduced -9.9k -9,876
84 Integrated Wealth Concepts LLC 0.24% of their portfolio WALTHAM, MA 425,129425.1k $24.2m $24.2m 0.24% Added +12.2k +12,220
85 Mariner, LLC 0.03% of their portfolio Overland Park, KS 422,105422.1k $24.0m $24.0m 0.03% Reduced -4.6k -4,567
86 FUKOKU MUTUAL LIFE INSURANCE Co 1.50% of their portfolio TOKYO, M0 415,000415.0k $23.6m $23.6m 1.50% New
87 LEE JOHNSON CAPITAL MANAGEMENT, LLC 8.10% of their portfolio FORT WORTH, TX 414,243414.2k $23.5m $23.5m 8.10% Added +106.7k +106,727
88 Wagner Wealth Management, LLC 5.34% of their portfolio GREENVILLE, SC 411,797411.8k $23.4m $23.4m 5.34% Added +26.9k +26,907
89 Cooper Financial Group 2.73% of their portfolio IRVINE, CA 407,614407.6k $23.2m $23.2m 2.73% Added +46.7k +46,741
90 Midwest Trust Co 0.32% of their portfolio Overland Park, KS 404,894404.9k $23.0m $23.0m 0.32% First filing
91 Orion Porfolio Solutions, LLC 0.20% of their portfolio OMAHA, NE 402,982403.0k $22.9m $22.9m 0.20% Added +41.4k +41,379
92 PATTEN & PATTEN INC/TN 1.45% of their portfolio CHATTANOOGA, TN 394,432394.4k $22.4m $22.4m 1.45% Reduced -29.9k -29,950
93 Advance Capital Management, Inc. 1.01% of their portfolio SOUTHFIELD, MI 392,016392.0k $22.3m $22.3m 1.01% Added +19.4k +19,395
94 DAVENPORT & Co LLC 0.12% of their portfolio RICHMOND, VA 390,727390.7k $22.2m $22.2m 0.12% Added +53.1k +53,089
95 Pinnacle Wealth Management Advisory Group, LLC 1.83% of their portfolio RED BANK, NJ 387,766387.8k $22.0m $22.0m 1.83% Added +5.6k +5,572
96 SK Wealth Management, LLC 9.34% of their portfolio PROVIDENCE, RI 378,881378.9k $21.5m $21.5m 9.34% Added +10.9k +10,896
97 Waverly Advisors, LLC 0.24% of their portfolio BIRMINGHAM, AL 378,855378.9k $21.5m $21.5m 0.24% Added +14.7k +14,747
98 ORRSTOWN FINANCIAL SERVICES INC 4.51% of their portfolio HARRISBURG, PA 376,972377.0k $21.4m $21.4m 4.51% Added +14.3k +14,322
99 TigerOak Management, L.L.C. 7.24% of their portfolio NASHVILLE, TN 371,747371.7k $21.1m $21.1m 7.24% Reduced -619 -619
100 COMERICA BANK 0.08% of their portfolio DALLAS, TX 369,693369.7k $21.0m $21.0m 0.08% Added +9.0k +9,031