Vault-13

J P MORGAN EXCHANGE TRADED F JEPI

EQUITY PREMIUM · ETP · CUSIP 46641Q332

1,414 institutional holders +24 vs Q4 2025
332,647,829332.6m shares reported held*
$18.8bnreported value*
112 new 725 added 444 reduced 86 sold out net bought ≈ $985.1m (+17.3m 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 ($29.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $56.62. Options: 3 managers hold calls ($58.0m notional), 3 hold puts ($55.5m).

Trends to Q1 2026

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: 1,289Q3 25: 1,295Q4 25: 1,390Q1 26: 1,4141,414Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 20251,295
Q4 20251,390
Q1 20261,414

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q2 25: 761 bought or addedQ2 25: 492 cut or sold outQ3 25: 752 bought or addedQ3 25: 498 cut or sold outQ3 25Q4 25: 681 bought or addedQ4 25: 578 cut or sold outQ1 26: 837 bought or addedQ1 26: 530 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024682367
Q3 2024663404
Q4 2024750333
Q1 2025798417
Q2 2025761492
Q3 2025752498
Q4 2025681578
Q1 2026837530

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ2 25 calls: $47.7mQ2 25 puts: $34.8mQ2 25P/C 0.73Q3 25 calls: $42.1mQ3 25 puts: $35.1mQ3 25P/C 0.83Q4 25 calls: $48.5mQ4 25 puts: $24.6mQ4 25P/C 0.51Q1 26 calls: $58.0mQ1 26 puts: $55.5mQ1 26P/C 0.96
Numbers
QuarterCallsPutsP/C
Q2 2025$47.7m$34.8m0.73
Q3 2025$42.1m$35.1m0.83
Q4 2025$48.5m$24.6m0.51
Q1 2026$58.0m$55.5m0.96

Biggest buyers

JPMORGAN CHASE & CO Added +6,545,707+6.5m
LPL Financial LLC Added +3,048,260+3.0m
ENVESTNET ASSET MANAGEMENT INC Added +1,274,550+1.3m
Foguth Wealth Management, LLC. Added +722,490+722.5k
Cetera Investment Advisers Added +553,011+553.0k
JONES FINANCIAL COMPANIES LLLP Added +517,482+517.5k
Arkadios Wealth Advisors Added +482,640+482.6k
RAYMOND JAMES FINANCIAL INC Added +455,171+455.2k
ROYAL BANK OF CANADA Added +449,485+449.5k
CAPITAL ADVISORS INC/OK Added +438,076+438.1k

Biggest sellers

JANE STREET GROUP, LLC Sold out -848,015-848.0k
BANK OF AMERICA CORP /DE/ Reduced -822,711-822.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -604,371-604.4k
WELLS FARGO & COMPANY/MN Reduced -455,989-456.0k
UBS Group AG Reduced -406,088-406.1k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -364,055-364.1k
MML INVESTORS SERVICES, LLC Reduced -321,770-321.8k
CWM, LLC Reduced -283,229-283.2k
Baird Financial Group, Inc. Reduced -279,418-279.4k
OSAIC HOLDINGS, INC. Reduced -274,988-275.0k

Biggest calls

CITADEL ADVISORS LLC Added $32.8m579.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $13.9m246.1k shares
JANE STREET GROUP, LLC Added $11.2m198.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $43.5m767.7k shares
JANE STREET GROUP, LLC Added $6.7m117.7k shares
CITADEL ADVISORS LLC Reduced $5.3m94.2k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.16% of their portfolio NEW YORK, NY 47,488,35447.5m $2.7bn $2.7bn 0.16% Added +254.0k +254,045
2 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 30,997,66431.0m $1.8bn $1.8bn 0.13% Reduced -822.7k -822,711
3 WELLS FARGO & COMPANY/MN 0.19% of their portfolio SAN FRANCISCO, CA 16,357,00716.4m $927.1m $927.1m 0.19% Reduced -456.0k -455,989
4 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 12,272,62012.3m $683.0m $683.0m 0.05% Added +6.5m +6,545,707
5 ENVESTNET ASSET MANAGEMENT INC 0.17% of their portfolio Berwyn, PA 11,165,92111.2m $632.9m $632.9m 0.17% Added +1.3m +1,274,550
6 RAYMOND JAMES FINANCIAL INC 0.15% of their portfolio ST. PETERSBURG, FL 8,554,4418.6m $484.9m $484.9m 0.15% Added +455.2k +455,171
7 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 8,366,2698.4m $474.2m $474.2m 0.09% Added +449.5k +449,485
8 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 7,224,1457.2m $409.5m $409.5m 0.11% Added +3.0m +3,048,260
9 Nationwide Fund Advisors 17.14% of their portfolio COLUMBUS, OH 6,910,8946.9m $391.7m $391.7m 17.14% Reduced -179.0k -179,014
10 UBS Group AG 0.07% of their portfolio ZURICH, V8 6,769,5496.8m $383.7m $383.7m 0.07% Reduced -406.1k -406,088
11 Cetera Investment Advisers 0.37% of their portfolio SCHAUMBURG, IL 6,083,7746.1m $344.8m $344.8m 0.37% Added +553.0k +553,011
12 OSAIC HOLDINGS, INC. 0.45% of their portfolio SCOTTSDALE, AZ 5,419,2215.4m $307.2m $307.2m 0.45% Reduced -275.0k -274,988
13 COMMONWEALTH EQUITY SERVICES, LLC 0.35% of their portfolio WALTHAM, MA 4,364,2484.4m $247.4m $247.4m 0.35% Added +109.2k +109,230
14 RiverFront Investment Group, LLC 3.69% of their portfolio RICHMOND, VA 4,208,7064.2m $238.5m $238.5m 3.69% Added +404.1k +404,064
15 JONES FINANCIAL COMPANIES LLLP 0.08% of their portfolio DES PERES, MO 3,042,2193.0m $169.0m $169.0m 0.08% Added +517.5k +517,482
16 CIBC Bancorp USA Inc. 0.23% of their portfolio CHICAGO, IL 2,948,3632.9m $166.7m $166.7m 0.23% First filing
17 HighTower Advisors, LLC 0.18% of their portfolio CHICAGO, IL 2,921,3092.9m $165.6m $165.6m 0.18% Added +39.7k +39,686
18 STIFEL FINANCIAL CORP 0.15% of their portfolio ST. LOUIS, MO 2,821,4842.8m $159.9m $159.9m 0.15% Reduced -7.6k -7,644
19 Janney Montgomery Scott LLC 0.39% of their portfolio PHILADELPHIA, PA 2,800,2882.8m $158.7m $158.7m 0.39% Added +107.7k +107,684
20 MML INVESTORS SERVICES, LLC 0.43% of their portfolio SPRINGFIELD, MA 2,741,6522.7m $155.4m $155.4m 0.43% Reduced -321.8k -321,770
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 2,639,7102.6m $149.6m $149.6m 0.09% Reduced -364.1k -364,055
22 Confluence Wealth Services, Inc. 5.18% of their portfolio MCMURRAY, PA 2,356,2702.4m $133.6m $133.6m 5.18% Added +241.8k +241,803
23 Equitable Holdings, Inc. 0.75% of their portfolio NEW YORK, NY 2,144,4402.1m $116.4m $116.4m 0.75% Added +290.7k +290,673
24 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 2,050,2602.1m $116.2m $116.2m 0.02% Reduced -85.0k -85,004
25 Cornerstone Advisory, LLC 10.90% of their portfolio HUNT VALLEY, MD 2,030,5602.0m $115.1m $115.1m 10.90% Added +68.6k +68,589
26 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 1,929,7321.9m $109.4m $109.4m 0.06% Added +278.9k +278,868
27 Kestra Advisory Services, LLC 0.39% of their portfolio AUSTIN, TX 1,839,5781.8m $104.3m $104.3m 0.39% Reduced -140.9k -140,907
28 Cambridge Investment Research Advisors, Inc. 0.26% of their portfolio FAIRFIELD, IA 1,778,1641.8m $100.8m $100.8m 0.26% Reduced -115.6k -115,588
29 Rockefeller Capital Management L.P. 0.17% of their portfolio NEW YORK, NY 1,713,2201.7m $97.1m $97.1m 0.17% Reduced -41.8k -41,775
30 FIRST FOUNDATION ADVISORS 3.60% of their portfolio Irvine, CA 1,576,0541.6m $89.3m $89.3m 3.60% Added +65.0k +64,995
31 CAPITAL ADVISORS INC/OK 1.41% of their portfolio TULSA, OK 1,543,9631.5m $87.5m $87.5m 1.41% Added +438.1k +438,076
32 Enstar Group LTD 40.13% of their portfolio Hamilton, D0 1,539,0251.5m $87.2m $87.2m 40.13% Unchanged
33 FAS Wealth Partners, Inc. 5.40% of their portfolio LEAWOOD, KS 1,530,3761.5m $86.7m $86.7m 5.40% Reduced -22.5k -22,469
34 Hamilton Capital, LLC 4.17% of their portfolio COLUMBUS, OH 1,419,8171.4m $80.5m $80.5m 4.17% Added +75.6k +75,594
35 Prosperity Consulting Group, LLC 3.46% of their portfolio OWINGS MILLS, MD 1,370,8241.4m $77.7m $77.7m 3.46% Added +90.9k +90,875
36 CWM, LLC 0.20% of their portfolio OMAHA, NE 1,369,8521.4m $77.6m $77.6m 0.20% Reduced -283.2k -283,229
37 Allworth Financial LP 0.30% of their portfolio FOLSOM, CA 1,293,8061.3m $73.3m $73.3m 0.30% Added +67.1k +67,057
38 Atlantic Union Bankshares Corp 1.39% of their portfolio GLEN ALLEN, VA 1,279,9911.3m $72.5m $72.5m 1.39% Added +262.7k +262,699
39 Clearstead Advisors, LLC 0.64% of their portfolio CLEVELAND, OH 1,235,4261.2m $70.0m $70.0m 0.64% Reduced -65.2k -65,200
40 Focus Partners Wealth 0.07% of their portfolio ST LOUIS, MO 1,087,2031.1m $61.6m $61.6m 0.07% Added +73.5k +73,547
41 Steward Partners Investment Advisory, LLC 0.30% of their portfolio STAMFORD, CT 1,038,0771.0m $58.8m $58.8m 0.30% Added +28.7k +28,708
42 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 1,007,6681.0m $57.1m $57.1m 0.01% Added +10.0k +10,021
43 TRUIST FINANCIAL CORP 0.08% of their portfolio CHARLOTTE, NC 994,375994.4k $56.4m $56.4m 0.08% Added +34.9k +34,886
44 Traynor Capital Management, Inc. 3.29% of their portfolio MALVERN, PA 993,025993.0k $55.3m $55.3m 3.29% Added +56.0k +55,988
45 CARY STREET PARTNERS FINANCIAL LLC 1.37% of their portfolio RICHMOND, VA 975,186975.2k $55.3m $55.3m 1.37% Added +46.7k +46,732
46 SHP Wealth Management 4.03% of their portfolio PLYMOUTH, MA 941,864941.9k $53.4m $53.4m 4.03% Added +192.7k +192,704
47 Pinnacle Financial Partners, Inc. 0.40% of their portfolio ATLANTA, GA 925,552925.6k $52.5m $52.5m 0.40% Reduced -2.5k -2,478
48 Foguth Wealth Management, LLC. 6.01% of their portfolio BRIGHTON, MI 919,518919.5k $51.5m $51.5m 6.01% Added +722.5k +722,490
49 Brookstone Capital Management 0.58% of their portfolio WHEATON, IL 902,434902.4k $51.1m $51.1m 0.58% Added +42.5k +42,508
50 HUB Investment Partners, LLC 1.16% of their portfolio AUSTIN, TX 836,279836.3k $47.4m $47.4m 1.16% Added +111.0k +111,039
51 NOTTINGHAM ADVISORS, INC. 5.96% of their portfolio AMHERST, NY 816,880816.9k $46.3m $46.3m 5.96% Added +145.0k +144,966
52 Apollon Wealth Management, LLC 0.74% of their portfolio MOUNT PLEASANT, SC 804,512804.5k $45.6m $45.6m 0.74% Added +61.4k +61,425
53 NewEdge Advisors, LLC 0.16% of their portfolio NEW ORLEANS, LA 778,360778.4k $44.1m $44.1m 0.16% Added +96.9k +96,857
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio PLYMOUTH, MN 769,455769.5k $43.4m $43.4m 0.10% Reduced -604.4k -604,371
55 Kathmere Capital Management, LLC 2.66% of their portfolio WAYNE, PA 755,967756.0k $42.8m $42.8m 2.66% Added +23.6k +23,592
56 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 729,907729.9k $41.4m $41.4m 0.06% Reduced -279.4k -279,418
57 OAKWORTH CAPITAL, INC. 2.18% of their portfolio BIRMINGHAM, AL 726,571726.6k $41.2m $41.2m 2.18% Added +13.4k +13,407
58 PINNACLE ASSOCIATES LTD 0.52% of their portfolio NEW YORK, NY 717,528717.5k $40.7m $40.7m 0.52% Added +36.3k +36,266
59 Beacon Pointe Advisors, LLC 0.21% of their portfolio NEWPORT BEACH, CA 709,422709.4k $40.2m $40.2m 0.21% Added +233.6k +233,581
60 MAI Capital Management 0.22% of their portfolio INDEPENDENCE, OH 684,459684.5k $38.8m $38.8m 0.22% Added +37.0k +37,020
61 &PARTNERS 0.18% of their portfolio NASHVILLE, TN 659,626659.6k $37.3m $37.3m 0.18% Added +17.3k +17,310
62 Lebenthal Global Advisors, LLC 5.33% of their portfolio Hauppauge, NY 646,487646.5k $36.6m $36.6m 5.33% Reduced -119.2k -119,196
63 KESTRA PRIVATE WEALTH SERVICES, LLC 0.45% of their portfolio AUSTIN, TX 644,712644.7k $36.5m $36.5m 0.45% Reduced -12.8k -12,802
64 FIRST FINANCIAL BANK - TRUST DIVISION 2.91% of their portfolio HAMILTON, OH 636,728636.7k $36.1m $36.1m 2.91% Added +31.3k +31,260
65 Mariner, LLC 0.04% of their portfolio Overland Park, KS 609,009609.0k $34.5m $34.5m 0.04% Added +111.5k +111,485
66 STEPHENS INC /AR/ 0.43% of their portfolio LITTLE ROCK, AR 608,099608.1k $34.5m $34.5m 0.43% Reduced -11.8k -11,762
67 Arkadios Wealth Advisors 0.57% of their portfolio ATLANTA, GA 606,352606.4k $34.4m $34.4m 0.57% Added +482.6k +482,640
68 Coastal Bridge Advisors, LLC 2.39% of their portfolio WESTPORT, CT 596,392596.4k $33.8m $33.8m 2.39% Reduced -7.9k -7,875
69 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 547,521547.5k $31.0m $31.0m 0.04% Added +77.5k +77,530
70 Waverly Advisors, LLC 0.23% of their portfolio BIRMINGHAM, AL 544,854544.9k $30.9m $30.9m 0.23% Added +192.4k +192,355
71 Capital Investment Advisors, LLC 0.45% of their portfolio ATLANTA, GA 541,224541.2k $30.7m $30.7m 0.45% Reduced -54.4k -54,410
72 Integrated Wealth Concepts LLC 0.24% of their portfolio WALTHAM, MA 534,301534.3k $30.3m $30.3m 0.24% Added +183.8k +183,831
73 RATIONAL ADVISORS, INC. 3.09% of their portfolio San Juan, PR 534,014534.0k $30.3m $30.3m 3.09% Added +54.6k +54,560
74 CORNERSTONE ENTERPRISES, LLC 15.05% of their portfolio APPLETON, WI 533,898533.9k $30.3m $30.3m 15.05% Reduced -9.0k -9,021
75 Sterling Investment Counsel, LLC 8.46% of their portfolio Buffalo, NY 532,358532.4k $30.2m $30.2m 8.46% Added +46.3k +46,257
76 Bouchey Financial Group, Ltd. 2.24% of their portfolio TROY, NY 529,383529.4k $30.6m $30.6m 2.24% Added +12.4k +12,374
77 J.W. COLE ADVISORS, INC. 1.00% of their portfolio TAMPA, FL 524,978525.0k $29.8m $29.8m 1.00% Added +18.0k +18,022
78 BOKF, NA 0.44% of their portfolio TULSA, OK 502,821502.8k $28.5m $28.5m 0.44% Added +15.4k +15,382
79 Prime Capital Investment Advisors, LLC 0.33% of their portfolio OVERLAND PARK, KS 500,267500.3k $28.4m $28.4m 0.33% Added +312.0k +312,018
80 Horizon Advisory Services, Inc. 14.38% of their portfolio WEST HENRIETTA, NY 495,128495.1k $28.1m $28.1m 14.38% Added +8.9k +8,895
81 Sanctuary Advisors, LLC 0.15% of their portfolio INDIANAPOLIS, IN 485,575485.6k $27.5m $27.5m 0.15% Reduced -18.4k -18,354
82 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 475,324475.3k $26.9m $26.9m 0.02% Added +55.9k +55,924
83 Midwest Trust Co 0.33% of their portfolio Overland Park, KS 471,546471.5k $26.7m $26.7m 0.33% Added +38.3k +38,268
84 DAVENPORT & Co LLC 0.15% of their portfolio RICHMOND, VA 468,740468.7k $26.6m $26.6m 0.15% Added +17.8k +17,832
85 Aptus Capital Advisors, LLC 0.22% of their portfolio FAIRHOPE, AL 464,690464.7k $26.3m $26.3m 0.22% Reduced -1.4k -1,350
86 Wagner Wealth Management, LLC 5.31% of their portfolio GREENVILLE, SC 464,137464.1k $26.3m $26.3m 5.31% Added +14.9k +14,864
87 Lido Advisors, LLC 0.10% of their portfolio Los Angeles, CA 463,452463.5k $26.3m $26.3m 0.10% Added +60.3k +60,270
88 Prospera Financial Services Inc 0.42% of their portfolio Dallas, TX 459,668459.7k $26.1m $26.1m 0.42% Added +4.6k +4,592
89 New York Life Investment Management LLC 0.22% of their portfolio New York, NY 456,638456.6k $25.9m $25.9m 0.22% Reduced -270.4k -270,401
90 ELEVATION POINT WEALTH PARTNERS, LLC 0.59% of their portfolio DENVER, CO 434,984435.0k $24.7m $24.7m 0.59% Added +401.3k +401,307
91 ORRSTOWN FINANCIAL SERVICES INC 4.11% of their portfolio HARRISBURG, PA 432,989433.0k $24.5m $24.5m 4.11% Added +20.7k +20,712
92 HBW ADVISORY SERVICES LLC 2.59% of their portfolio SIMI VALLEY, CA 432,895432.9k $24.5m $24.5m 2.59% Reduced -27.6k -27,607
93 Vestmark Advisory Solutions, Inc. 0.27% of their portfolio Wakefield, MA 432,461432.5k $24.5m $24.5m 0.27% Added +393.8k +393,837
94 Wealthcare Advisory Partners LLC 0.46% of their portfolio WEST CHESTER, PA 417,797417.8k $23.7m $23.7m 0.46% Added +134.0k +133,961
95 FUKOKU MUTUAL LIFE INSURANCE Co 1.54% of their portfolio TOKYO, M0 415,000415.0k $23.5m $23.5m 1.54% Unchanged
96 Pinnacle Wealth Management Advisory Group, LLC 1.60% of their portfolio RED BANK, NJ 411,924411.9k $23.3m $23.3m 1.60% Added +30.0k +29,972
97 PRINCIPAL SECURITIES, INC. 0.34% of their portfolio DES MOINES, IA 411,371411.4k $23.3m $23.3m 0.34% Reduced -115.5k -115,463
98 Curran Financial Partners, LLC 4.12% of their portfolio DANIEL ISLAND, SC 405,584405.6k $23.0m $23.0m 4.12% Added +35.9k +35,918
99 Melia Wealth LLC 11.06% of their portfolio TULSA, OK 403,016403.0k $22.8m $22.8m 11.06% Added +12.1k +12,053
100 Avantax Planning Partners, Inc. 0.62% of their portfolio DUBUQUE, IA 395,348395.3k $22.4m $22.4m 0.62% Added +9.8k +9,785