Vault-13

J P MORGAN EXCHANGE TRADED F JVAL

US VALUE FACTR · ETP · CUSIP 46641Q753

146 institutional holders +10 vs Q3 2025
9,796,7079.8m shares reported held*
$481.5mreported value*
14 new 40 added 56 reduced 8 sold out net bought ≈ $56.0m (+1.1m 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 ($212.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.15.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 75Q4 22: 77Q1 23: 73Q2 23: 83Q3 23: 89Q4 23: 107Q1 24: 111Q2 24: 115Q3 24: 115Q4 24: 125Q1 25: 129Q2 25: 138Q3 25: 136Q4 25: 146146Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202275
Q4 202277
Q1 202373
Q2 202383
Q3 202389
Q4 2023107
Q1 2024111
Q2 2024115
Q3 2024115
Q4 2024125
Q1 2025129
Q2 2025138
Q3 2025136
Q4 2025146

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 50 bought or addedQ1 24: 59 cut or sold outQ2 24: 48 bought or addedQ2 24: 54 cut or sold outQ2 24Q3 24: 48 bought or addedQ3 24: 55 cut or sold outQ4 24: 48 bought or addedQ4 24: 48 cut or sold outQ4 24Q1 25: 53 bought or addedQ1 25: 51 cut or sold outQ2 25: 62 bought or addedQ2 25: 57 cut or sold outQ2 25Q3 25: 43 bought or addedQ3 25: 68 cut or sold outQ4 25: 54 bought or addedQ4 25: 64 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20245059
Q2 20244854
Q3 20244855
Q4 20244848
Q1 20255351
Q2 20256257
Q3 20254368
Q4 20255464

Biggest buyers

CAPTRUST FINANCIAL ADVISORS Added +1,179,471+1.2m
Goodman Advisory Group, LLC New +398,231+398.2k
Mariner, LLC Added +135,560+135.6k
Thrivent Financial for Lutherans Added +110,666+110.7k
Avidian Wealth Enterprises, LLC Added +40,175+40.2k
COMMONWEALTH EQUITY SERVICES, LLC Added +27,806+27.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +23,903+23.9k
BANK OF AMERICA CORP /DE/ Added +22,153+22.2k
GOLDMAN SACHS GROUP INC Added +13,272+13.3k
ROYAL BANK OF CANADA Added +12,298+12.3k

Biggest sellers

JPMORGAN CHASE & CO Reduced -391,780-391.8k
LPL Financial LLC Reduced -229,407-229.4k
Crossmark Global Holdings, Inc. Sold out -46,850-46.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -40,583-40.6k
Cerity Partners LLC Reduced -32,406-32.4k
Apeiron RIA LLC Reduced -31,925-31.9k
OSAIC HOLDINGS, INC. Reduced -29,943-29.9k
Atria Investments, Inc Reduced -23,086-23.1k
CITADEL ADVISORS LLC Sold out -14,183-14.2k
SVB WEALTH LLC Reduced -10,146-10.1k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CAPTRUST FINANCIAL ADVISORS 0.11% of their portfolio RALEIGH, NC 1,184,4451.2m $58.1m $58.1m 0.11% Added +1.2m +1,179,471
2 Avidian Wealth Enterprises, LLC 1.85% of their portfolio Houston, TX 1,036,3581.0m $50.9m $50.9m 1.85% Added +40.2k +40,175
3 CWM, LLC 0.11% of their portfolio OMAHA, NE 797,213797.2k $39.1m $39.1m 0.11% Added +10.3k +10,268
4 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 653,170653.2k $32.1m $32.1m 0.01% Reduced -229.4k -229,407
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 537,765537.8k $26.4m $26.4m 0.00% Added +22.2k +22,153
6 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 501,719501.7k $24.6m $24.6m 0.04% Reduced -32.4k -32,406
7 Thrivent Financial for Lutherans 0.04% of their portfolio Minneapolis, MN 436,091436.1k $21.6m $21.6m 0.04% Added +110.7k +110,666
8 Goodman Advisory Group, LLC 4.81% of their portfolio NEEDHAM, MA 398,231398.2k $19.5m $19.5m 4.81% New
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 387,446387.4k $19.0m $19.0m 0.00% Reduced -391.8k -391,780
10 Mainsail Financial Group, LLC 7.79% of their portfolio BELLEVUE, WA 381,712381.7k $18.7m $18.7m 7.79% Added +7.5k +7,513
11 Apeiron RIA LLC 1.91% of their portfolio Dallas, TX 183,862183.9k $9.4m $9.4m 1.91% Reduced -31.9k -31,925
12 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 175,181175.2k $8.6m $8.6m 0.01% Added +27.8k +27,806
13 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 169,545169.5k $8.3m $8.3m 0.01% Reduced -63 -63
14 COLUMBIA ADVISORY PARTNERS LLC 5.47% of their portfolio SPOKANE, WA 163,464163.5k $8.0m $8.0m 5.47% Reduced -1.3k -1,283
15 Mariner, LLC 0.01% of their portfolio Overland Park, KS 150,781150.8k $7.4m $7.4m 0.01% Added +135.6k +135,560
16 Planned Solutions, Inc. 2.31% of their portfolio FOLSOM, CA 145,416145.4k $7.1m $7.1m 2.31% Reduced -1.7k -1,747
17 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 144,300144.3k $7.1m $7.1m 0.01% Reduced -29.9k -29,943
18 Orion Porfolio Solutions, LLC 0.05% of their portfolio OMAHA, NE 141,350141.3k $6.9m $6.9m 0.05% Reduced -8.7k -8,672
19 Kathmere Capital Management, LLC 0.45% of their portfolio WAYNE, PA 136,936136.9k $6.7m $6.7m 0.45% Reduced -3.2k -3,181
20 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 128,037128.0k $6.3m $6.3m 0.00% Reduced -2.9k -2,891
21 Atria Investments, Inc 0.07% of their portfolio Charlotte, NC 126,322126.3k $6.2m $6.2m 0.07% Reduced -23.1k -23,086
22 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 104,835104.8k $5.1m $5.1m 0.00% Added +23.9k +23,903
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 96,76396.8k $4.7m $4.7m 0.00% Reduced -505 -505
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 83,08983.1k $4.1m $4.1m 0.00% Added +13.3k +13,272
25 INTRUST BANK NA 0.28% of their portfolio WICHITA, KS 68,17968.2k $3.3m $3.3m 0.28% Reduced -2.1k -2,150
26 Confluence Wealth Services, Inc. 0.11% of their portfolio MCMURRAY, PA 52,03952.0k $2.6m $2.6m 0.11% Added +115 +115
27 EP Wealth Advisors, LLC 0.01% of their portfolio TORRANCE, CA 50,22550.2k $2.5m $2.5m 0.01% First filing
28 Envestnet Portfolio Solutions, Inc. 0.01% of their portfolio BERWYN, PA 47,78947.8k $2.3m $2.3m 0.01% Reduced -192 -192
29 FIRST CITIZENS BANK & TRUST CO 0.05% of their portfolio RALEIGH, NC 47,77847.8k $2.3m $2.3m 0.05% Reduced -327 -327
30 DAYMARK WEALTH PARTNERS, LLC 0.07% of their portfolio CINCINNATI, OH 46,69946.7k $2.3m $2.3m 0.07% Reduced -547 -547
31 Fifth Third Securities, Inc. 0.14% of their portfolio Cincinnati, OH 42,93342.9k $2.1m $2.1m 0.14% Reduced -578 -578
32 BOYUM WEALTH ARCHITECTS LLC 0.96% of their portfolio BLOOMINGTON, MN 40,49540.5k $2.1m $2.1m 0.96% Reduced -763 -763
33 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 40,28340.3k $2.0m $2.0m 0.00% Reduced -40.6k -40,583
34 Sigma Planning Corp 0.05% of their portfolio ANN ARBOR, MI 39,76239.8k $2.0m $2.0m 0.05% Reduced -706 -706
35 Gallacher Capital Management LLC 0.75% of their portfolio LONE TREE, CO 39,45439.5k $1.9m $1.9m 0.75% Added +1.6k +1,596
36 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 39,09139.1k $2.0m $2.0m 0.00% Added +4.1k +4,054
37 SAGESPRING WEALTH PARTNERS, LLC 0.03% of their portfolio FRANKLIN, TN 31,55231.6k $1.5m $1.5m 0.03% Added +89 +89
38 5T Wealth, LLC 0.61% of their portfolio Napa, CA 31,03031.0k $1.5m $1.5m 0.61% Reduced -82 -82
39 Integrated Wealth Concepts LLC 0.02% of their portfolio WALTHAM, MA 30,15030.1k $1.5m $1.5m 0.02% Reduced -1.2k -1,184
40 Ashton Thomas Private Wealth, LLC 0.04% of their portfolio SCOTTSDALE, AZ 29,77329.8k $1.5m $1.5m 0.04% Added +11.1k +11,112
41 THOROUGHBRED FINANCIAL SERVICES, LLC 0.08% of their portfolio BRENTWOOD, TN 28,98929.0k $1.4m $1.4m 0.08% Added +2.3k +2,315
42 Jaffetilchin Investment Partners, LLC 0.08% of their portfolio TAMPA, FL 27,56527.6k $1.4m $1.4m 0.08% Reduced -672 -672
43 Cobblestone Asset Management LLC 0.57% of their portfolio RICHMOND, VA 25,74725.7k $1.3m $1.3m 0.57% Added +515 +515
44 CARY STREET PARTNERS FINANCIAL LLC 0.03% of their portfolio RICHMOND, VA 24,76224.8k $1.2m $1.2m 0.03% Added +247 +247
45 B. Riley Wealth Advisors, Inc. 0.06% of their portfolio MEMPHIS, TN 24,48724.5k $1.2m $1.2m 0.06% Added +3.2k +3,153
46 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 24,48124.5k $1.2m $1.2m 0.00% Added +7.0k +6,992
47 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 24,40524.4k $1.2m $1.2m 0.01% Unchanged
48 Blue Trust, Inc. 0.01% of their portfolio BRENTWOOD, TN 22,54122.5k $1.1m $1.1m 0.01% Added +3.3k +3,287
49 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 22,36522.4k $1.1m $1.1m 0.00% Added +864 +864
50 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 21,14921.1k $1.0m $1.0m 0.00% Added +10 +10
51 SVB WEALTH LLC 0.06% of their portfolio BOSTON, MA 21,01921.0k $1.0m $1.0m 0.06% Reduced -10.1k -10,146
52 Gateway Wealth Partners, LLC 0.11% of their portfolio APPLETON, WI 20,93420.9k $1.0m $1.0m 0.11% Reduced -260 -260
53 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 20,53120.5k $1.0m $1.0m 0.00% Unchanged
54 L & S Advisors Inc 0.09% of their portfolio Los Angeles, CA 20,02320.0k $982.7k $982.7k 0.09% Reduced -148 -148
55 MAI Capital Management 0.01% of their portfolio INDEPENDENCE, OH 19,35019.4k $949.7k $949.7k 0.01% Unchanged
56 MN Wealth Advisors, LLC 0.47% of their portfolio OVERLAND PARK, KS 18,80218.8k $922.8k $922.8k 0.47% Reduced -386 -386
57 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,44918.4k $906.0k $906.0k 0.00% Added +12.3k +12,298
58 HUB Investment Partners, LLC 0.02% of their portfolio AUSTIN, TX 18,04218.0k $885.5k $885.5k 0.02% Reduced -4.2k -4,203
59 SCS Capital Management LLC 0.01% of their portfolio BOSTON, MA 17,72117.7k $869.8k $869.8k 0.01% Unchanged
60 Retirement Planning Group, LLC 0.03% of their portfolio LEAWOOD, KS 16,46416.5k $808.1k $808.1k 0.03% Reduced -309 -309
61 Composition Wealth, LLC 0.01% of their portfolio LOS ANGELES, CA 15,63815.6k $767.5k $767.5k 0.01% Reduced -3.6k -3,587
62 Addison Advisors LLC 0.16% of their portfolio MIDDLEBURY, VT 14,07514.1k $690.8k $690.8k 0.16% Reduced -340 -340
63 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 13,83213.8k $678.9k $678.9k 0.00% Unchanged
64 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 13,79213.8k $676.9k $676.9k 0.00% Added +700 +700
65 Arkadios Wealth Advisors 0.01% of their portfolio ATLANTA, GA 13,74513.7k $674.6k $674.6k 0.01% Reduced -103 -103
66 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 13,41313.4k $658.3k $658.3k 0.02% Reduced -1.9k -1,943
67 Regal Investment Advisors LLC 0.04% of their portfolio KENTWOOD, MI 12,07712.1k $592.7k $592.7k 0.04% Added +312 +312
68 Patten Group, Inc. 0.11% of their portfolio CHATTANOOGA, TN 11,83811.8k $581.0k $581.0k 0.11% Reduced -171 -171
69 Soltis Investment Advisors LLC 0.04% of their portfolio ST. GEORGE, UT 11,61711.6k $570.2k $570.2k 0.04% Reduced -3.0k -2,951
70 MBL Wealth, LLC 0.04% of their portfolio CHARLOTTE, NC 11,00011.0k $539.9k $539.9k 0.04% Unchanged
71 Howard Capital Management, LLC 0.01% of their portfolio Alpharetta, GA 10,76310.8k $528.2k $528.2k 0.01% Unchanged
72 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 10,73110.7k $526.7k $526.7k 0.00% Added +2.0k +1,976
73 MLG Wealth Management DBA Pine Grove Financial Group 0.06% of their portfolio WOODBURY, MN 10,01510.0k $491.5k $491.5k 0.06% First filing
74 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 8,5628.6k $420.2k $420.2k 0.00% Reduced -283 -283
75 Barnes Wealth Management Group, Inc 0.21% of their portfolio Bakersfield, CA 8,0578.1k $395.4k $395.4k 0.21% Reduced -61 -61
76 Alesco Advisors, LLC, An ESL Co 0.01% of their portfolio Pittsford, NY 8,0358.0k $394.4k $394.4k 0.01% Reduced -535 -535
77 Perigon Wealth Management, LLC 0.01% of their portfolio SAN FRANCISCO, CA 7,9988.0k $392.5k $392.5k 0.01% Added +166 +166
78 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 7,7647.8k $381.0k $381.0k 0.00% Added +672 +672
79 Auxano Advisors, LLC 0.07% of their portfolio BELLEVUE, WA 7,5007.5k $368.1k $368.1k 0.07% Added +1.9k +1,865
80 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 7,3217.3k $359.3k $359.3k 0.00% New
81 COOPER/HAIMS ADVISORS, LLC 0.16% of their portfolio VICTOR, NY 7,2957.3k $358.0k $358.0k 0.16% New
82 CHILTON INVESTMENT CO INC. 0.01% of their portfolio STAMFORD, CT 7,0637.1k $346.7k $346.7k 0.01% Reduced -920 -920
83 Capital Square, LLC 0.16% of their portfolio ATHENS, TN 6,4956.5k $318.8k $318.8k 0.16% New
84 American Trust 0.03% of their portfolio LEXINGTON, KY 6,4016.4k $314.2k $314.2k 0.03% Reduced -176 -176
85 RWA WEALTH PARTNERS, LLC 0.00% of their portfolio BOSTON, MA 6,3866.4k $313.4k $313.4k 0.00% Added +5 +5
86 Triad Wealth Partners, LLC 0.03% of their portfolio LAWRENCE, KS 6,3666.4k $312.4k $312.4k 0.03% Reduced -76 -76
87 CoreCap Advisors, LLC 0.01% of their portfolio SOUTHFIELD, MI 6,1696.2k $302.8k $302.8k 0.01% Reduced -247 -247
88 Burk Holdings LLC 0.14% of their portfolio TULSA, OK 5,9566.0k $292.3k $292.3k 0.14% Unchanged
89 Wealthspire Advisors, LLC 0.00% of their portfolio NEW YORK, NY 5,8535.9k $287.3k $287.3k 0.00% Reduced -2.1k -2,126
90 Merited Wealth, LLC 0.26% of their portfolio NORTH BAY VILLAGE, FL 5,6535.7k $277.4k $277.4k 0.26% First filing
91 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 5,6305.6k $276.3k $276.3k 0.00% Unchanged
92 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 5,5145.5k $270.6k $270.6k 0.00% Added +814 +814
93 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 5,3405.3k $262.1k $262.1k 0.00% Unchanged
94 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 5,2265.2k $256.5k $256.5k 0.00% Added +450 +450
95 Goodwin Investment Advisory 0.27% of their portfolio WOODSTOCK, GA 4,9855.0k $244.7k $244.7k 0.27% Unchanged
96 Spire Wealth Management 0.01% of their portfolio MCLEAN, VA 4,9665.0k $243.7k $243.7k 0.01% Unchanged
97 MARINO, STRAM & ASSOCIATES LLC 0.04% of their portfolio BRAINTREE, MA 4,9605.0k $243.4k $243.4k 0.04% New
98 3Chopt Investment Partners, LLC 0.05% of their portfolio RICHMOND, VA 4,9605.0k $243.4k $243.4k 0.05% Reduced -15 -15
99 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 4,8764.9k $239.3k $239.3k 0.00% New
100 BNB Wealth Management, LLC 0.15% of their portfolio SILVER SPRING, MD 4,8314.8k $237.1k $237.1k 0.15% First filing