Vault-13

J P MORGAN EXCHANGE TRADED F JEPQ

NASDAQ EQT PREM · ETP · CUSIP 46654Q203

806 institutional holders +19 vs Q1 2025
173,105,090173.1m shares reported held*
$9.4bnreported value*
89 new 421 added 210 reduced 68 sold out net bought ≈ $1.1bn (+21.0m 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.45. Options: 7 managers hold calls ($88.9m notional), 3 hold puts ($35.6m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 91Q4 22: 143Q1 23: 205Q2 23: 271Q3 23: 331Q4 23: 426Q1 24: 507Q2 24: 581Q3 24: 614Q4 24: 756Q1 25: 787Q2 25: 806806Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202291
Q4 2022143
Q1 2023205
Q2 2023271
Q3 2023331
Q4 2023426
Q1 2024507
Q2 2024581
Q3 2024614
Q4 2024756
Q1 2025787
Q2 2025806

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 256 bought or addedQ3 23: 70 cut or sold outQ4 23: 328 bought or addedQ4 23: 73 cut or sold outQ4 23Q1 24: 385 bought or addedQ1 24: 109 cut or sold outQ2 24: 447 bought or addedQ2 24: 108 cut or sold outQ2 24Q3 24: 423 bought or addedQ3 24: 177 cut or sold outQ4 24: 504 bought or addedQ4 24: 149 cut or sold outQ4 24Q1 25: 542 bought or addedQ1 25: 227 cut or sold outQ2 25: 510 bought or addedQ2 25: 278 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202325670
Q4 202332873
Q1 2024385109
Q2 2024447108
Q3 2024423177
Q4 2024504149
Q1 2025542227
Q2 2025510278

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 24 calls: $19.7mQ3 24 puts: $13.8mQ3 24P/C 0.70Q4 24 calls: $24.5mQ4 24 puts: $10.8mQ4 24P/C 0.44Q1 25 calls: $49.8mQ1 25 puts: $34.1mQ1 25P/C 0.69Q2 25 calls: $88.9mQ2 25 puts: $35.6mQ2 25P/C 0.40
Numbers
QuarterCallsPutsP/C
Q3 2024$19.7m$13.8m0.70
Q4 2024$24.5m$10.8m0.44
Q1 2025$49.8m$34.1m0.69
Q2 2025$88.9m$35.6m0.40

Biggest buyers

JPMORGAN CHASE & CO Added +7,027,261+7.0m
ROYAL BANK OF CANADA Added +4,552,384+4.6m
LPL Financial LLC Added +2,258,381+2.3m
BANK OF AMERICA CORP /DE/ Added +1,533,280+1.5m
WELLS FARGO & COMPANY/MN Added +771,113+771.1k
Rockefeller Capital Management L.P. Added +629,843+629.8k
AMERIPRISE FINANCIAL INC Added +496,258+496.3k
Quadrature Capital Ltd Added +442,025+442.0k
JONES FINANCIAL COMPANIES LLLP Added +430,970+431.0k
TWO SIGMA INVESTMENTS, LP Added +384,500+384.5k

Biggest sellers

Requisite Capital Management, LLC Reduced -1,151,370-1.2m
PSI Advisors, LLC Sold out -390,008-390.0k
Second Half Financial Partners, LLC Sold out -302,891-302.9k
B&D White Capital Company, LLC Sold out -287,752-287.8k
Atria Wealth Solutions, Inc. Reduced -275,325-275.3k
B. Riley Wealth Advisors, Inc. Reduced -256,392-256.4k
Apollon Wealth Management, LLC Reduced -238,990-239.0k
Marquette Asset Management, LLC Sold out -208,738-208.7k
GWN SECURITIES INC. Reduced -206,618-206.6k
WNY Asset Management, LLC Reduced -202,803-202.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $46.6m855.8k shares
JANE STREET GROUP, LLC Reduced $15.6m286.3k shares
CITADEL ADVISORS LLC Reduced $10.6m195.0k shares
GROUP ONE TRADING LLC Reduced $9.7m178.0k shares
SIMPLEX TRADING, LLC Added $6.3m115.2k shares
Belvedere Trading LLC Reduced $223.0k4.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $21.0m386.9k shares
CITADEL ADVISORS LLC Added $11.4m210.4k shares
JANE STREET GROUP, LLC Reduced $3.1m56.2k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.11% of their portfolio NEW YORK, NY 29,163,13429.2m $1.6bn $1.6bn 0.11% Added +7.0m +7,027,261
2 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 19,871,59719.9m $1.1bn $1.1bn 0.07% Added +353.7k +353,695
3 LPL Financial LLC 0.24% of their portfolio FORT MILL, SC 13,109,44613.1m $713.2m $713.2m 0.24% Added +2.3m +2,258,381
4 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 11,136,81111.1m $605.8m $605.8m 0.05% Added +1.5m +1,533,280
5 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 7,632,9207.6m $415.2m $415.2m 0.04% Added +4.6m +4,552,384
6 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 7,569,8937.6m $411.8m $411.8m 0.09% Added +771.1k +771,113
7 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 3,913,5223.9m $212.9m $212.9m 0.07% Added +95.0k +94,985
8 UBS Group AG 0.04% of their portfolio ZURICH, V8 3,767,2953.8m $204.9m $204.9m 0.04% Added +97.4k +97,449
9 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 3,693,1673.7m $201.0m $201.0m 0.05% Added +496.3k +496,258
10 OSAIC HOLDINGS, INC. 0.35% of their portfolio SCOTTSDALE, AZ 3,589,3753.6m $195.3m $195.3m 0.35% Added +330.0k +329,963
11 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 3,506,0753.5m $190.7m $190.7m 0.06% Added +123.3k +123,259
12 COMMONWEALTH EQUITY SERVICES, LLC 0.21% of their portfolio WALTHAM, MA 2,859,3122.9m $155.5m $155.5m 0.21% Added +115.9k +115,912
13 RiverFront Investment Group, LLC 2.73% of their portfolio RICHMOND, VA 2,575,3112.6m $140.1m $140.1m 2.73% Added +44.3k +44,331
14 Allworth Financial LP 0.50% of their portfolio FOLSOM, CA 1,932,1661.9m $105.1m $105.1m 0.50% Added +80.6k +80,560
15 Cetera Investment Advisers 0.16% of their portfolio SCHAUMBURG, IL 1,689,5081.7m $91.9m $91.9m 0.16% Added +103.3k +103,290
16 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 1,300,7871.3m $70.8m $70.8m 0.07% Added +375.7k +375,740
17 MML INVESTORS SERVICES, LLC 0.19% of their portfolio SPRINGFIELD, MA 1,221,6021.2m $66.5m $66.5m 0.19% Added +102.5k +102,489
18 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 1,211,3141.2m $67.0m $67.0m 0.08% Added +629.8k +629,843
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.11% of their portfolio PLYMOUTH, MN 1,201,4351.2m $65.1m $65.1m 0.11% Reduced -7.9k -7,902
20 Hilton Capital Management, LLC 4.97% of their portfolio Garden City, NY 1,144,0111.1m $62.2m $62.2m 4.97% Added +207.8k +207,801
21 Janney Montgomery Scott LLC 0.16% of their portfolio PHILADELPHIA, PA 1,107,3411.1m $60.2m $60.2m 0.16% Added +22.9k +22,906
22 AVANTAX ADVISORY SERVICES, INC. 0.31% of their portfolio DALLAS, TX 1,029,4371.0m $56.0m $56.0m 0.31% Added +60.2k +60,193
23 Private Advisor Group, LLC 0.28% of their portfolio MORRISTOWN, NJ 963,904963.9k $52.4m $52.4m 0.28% Reduced -81.9k -81,852
24 Kestra Advisory Services, LLC 0.26% of their portfolio AUSTIN, TX 963,763963.8k $52.4m $52.4m 0.26% Added +120.1k +120,073
25 CAPITAL ADVISORS INC/OK 0.93% of their portfolio TULSA, OK 956,848956.8k $52.1m $52.1m 0.93% Added +21.5k +21,462
26 JONES FINANCIAL COMPANIES LLLP 0.04% of their portfolio DES PERES, MO 904,300904.3k $49.1m $49.1m 0.04% Added +431.0k +430,970
27 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 899,076899.1k $48.9m $48.9m 0.06% Added +63.3k +63,311
28 Lebenthal Global Advisors, LLC 8.63% of their portfolio Hauppauge, NY 849,349849.3k $46.2m $46.2m 8.63% Added +129.8k +129,826
29 Apollon Wealth Management, LLC 0.83% of their portfolio MOUNT PLEASANT, SC 774,032774.0k $42.1m $42.1m 0.83% Reduced -239.0k -238,990
30 CWM, LLC 0.14% of their portfolio OMAHA, NE 705,084705.1k $38.4m $38.4m 0.14% Reduced -17.2k -17,185
31 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 702,445702.4k $38.2m $38.2m 0.01% Added +279.2k +279,209
32 SBI Securities Co., Ltd. 1.07% of their portfolio TOKYO, M0 683,996684.0k $37.2m $37.2m 1.07% Added +155.2k +155,220
33 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 639,032639.0k $34.8m $34.8m 0.06% Added +78.9k +78,863
34 Equitable Holdings, Inc. 0.28% of their portfolio NEW YORK, NY 633,262633.3k $34.4m $34.4m 0.28% Added +64.1k +64,123
35 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 628,401628.4k $34.2m $34.2m 0.10% Added +37.1k +37,063
36 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.73% of their portfolio LOS ANGELES, CA 585,233585.2k $31.8m $31.8m 0.73% Added +99.9k +99,882
37 Mariner, LLC 0.05% of their portfolio Overland Park, KS 574,739574.7k $31.3m $31.3m 0.05% Added +46.2k +46,167
38 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 549,804549.8k $29.9m $29.9m 0.04% Reduced -125.7k -125,669
39 CARY STREET PARTNERS FINANCIAL LLC 0.83% of their portfolio RICHMOND, VA 543,050543.0k $29.5m $29.5m 0.83% Added +29.4k +29,361
40 Steward Partners Investment Advisory, LLC 0.23% of their portfolio STAMFORD, CT 537,143537.1k $29.2m $29.2m 0.23% Reduced -50.5k -50,491
41 GREAT VALLEY ADVISOR GROUP, INC. 0.59% of their portfolio WILMINGTON, DE 488,640488.6k $26.6m $26.6m 0.59% Added +64.5k +64,492
42 NewEdge Advisors, LLC 0.13% of their portfolio NEW ORLEANS, LA 475,953476.0k $25.9m $25.9m 0.13% Added +181.8k +181,778
43 HILLTOP WEALTH ADVISORS, LLC 14.23% of their portfolio CHAPEL HILL, NC 465,775465.8k $25.3m $25.3m 14.23% Added +29.5k +29,492
44 Howard Capital Management, LLC 0.37% of their portfolio Alpharetta, GA 458,264458.3k $24.9m $24.9m 0.37% Added +81.6k +81,610
45 Wealth Advisors of Iowa, LLC 9.21% of their portfolio WEST DES MOINES, IA 453,041453.0k $24.6m $24.6m 9.21% Added +381.8k +381,812
46 Quadrature Capital Ltd 0.42% of their portfolio LONDON, X0 452,088452.1k $24.6m $24.6m 0.42% Added +442.0k +442,025
47 Teamwork Financial Advisors, LLC 3.01% of their portfolio San Antonio, TX 451,024451.0k $24.5m $24.5m 3.01% Reduced -107.4k -107,404
48 Magnus Financial Group LLC 2.15% of their portfolio NEW YORK, NY 450,808450.8k $24.5m $24.5m 2.15% Added +380.5k +380,495
49 James Reed Financial Services, Inc. 21.12% of their portfolio CLEVELAND, OH 427,767427.8k $23.3m $23.3m 21.12% Added +33.3k +33,275
50 TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio NEW YORK, NY 404,400404.4k $22.0m $22.0m 0.04% Added +384.5k +384,500
51 LEE JOHNSON CAPITAL MANAGEMENT, LLC 7.52% of their portfolio FORT WORTH, TX 401,531401.5k $21.8m $21.8m 7.52% Added +104.8k +104,817
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 387,429387.4k $21.1m $21.1m 0.03% Reduced -100.6k -100,558
53 Focus Partners Wealth 0.05% of their portfolio ST LOUIS, MO 382,228382.2k $20.8m $20.8m 0.05% Added +78.4k +78,377
54 MADDEN SECURITIES Corp 6.89% of their portfolio DALLAS, TX 377,556377.6k $20.5m $20.5m 6.89% Added +4.5k +4,467
55 Cornerstone Advisory, LLC 2.20% of their portfolio HUNT VALLEY, MD 376,601376.6k $20.5m $20.5m 2.20% Added +24.2k +24,159
56 Atria Wealth Solutions, Inc. 0.41% of their portfolio NEW YORK, NY 332,834332.8k $18.1m $18.1m 0.41% Reduced -275.3k -275,325
57 Prime Capital Investment Advisors, LLC 0.23% of their portfolio OVERLAND PARK, KS 323,218323.2k $17.6m $17.6m 0.23% Reduced -44.1k -44,108
58 Aventura Private Wealth, LLC 7.57% of their portfolio AVENTURA, FL 321,411321.4k $17.5m $17.5m 7.57% Added +77.1k +77,143
59 WESTWOOD HOLDINGS GROUP INC 0.13% of their portfolio DALLAS, TX 320,418320.4k $17.4m $17.4m 0.13% Added +22.1k +22,135
60 Marshall Financial Group, LLC 3.33% of their portfolio Hunt Valley, MD 314,165314.2k $17.0m $17.0m 3.33% Added +14.9k +14,923
61 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 287,571287.6k $15.6m $15.6m 0.01% Added +27.6k +27,604
62 INDEPENDENT FINANCIAL GROUP, LLC 0.42% of their portfolio SAN DIEGO, CA 283,161283.2k $15.4m $15.4m 0.42% Reduced -13.7k -13,747
63 Wealthfront Advisers LLC 0.04% of their portfolio Palo Alto, CA 273,244273.2k $14.9m $14.9m 0.04% Added +58.6k +58,555
64 MARSHALL WACE, LLP 0.02% of their portfolio LONDON, X0 271,414271.4k $14.8m $14.8m 0.02% New
65 Ellis Investment Partners, LLC 2.85% of their portfolio Berwyn, PA 269,227269.2k $14.6m $14.6m 2.85% Added +5.3k +5,344
66 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 268,571268.6k $14.6m $14.6m 0.01% Added +111.8k +111,776
67 Graypoint LLC 0.79% of their portfolio Albany, NY 258,959259.0k $14.1m $14.1m 0.79% Reduced -45.3k -45,308
68 Eldridge Investment Advisors, Inc. 2.86% of their portfolio MANCHESTER, NH 254,129254.1k $13.7m $13.7m 2.86% Added +9.0k +9,018
69 Orion Porfolio Solutions, LLC 0.12% of their portfolio OMAHA, NE 252,941252.9k $13.8m $13.8m 0.12% Added +3.4k +3,369
70 &PARTNERS 0.11% of their portfolio NASHVILLE, TN 251,698251.7k $13.7m $13.7m 0.11% Added +62.9k +62,939
71 Financial Partners Group, Inc 1.89% of their portfolio Overland Park, KS 250,976251.0k $13.7m $13.7m 1.89% Added +30.9k +30,914
72 Argent Trust Co 0.51% of their portfolio NASHVILLE, TN 248,026248.0k $13.5m $13.5m 0.51% Added +10.3k +10,314
73 Waverly Advisors, LLC 0.15% of their portfolio BIRMINGHAM, AL 246,970247.0k $13.4m $13.4m 0.15% Added +10.1k +10,102
74 HUB Investment Partners, LLC 0.47% of their portfolio AUSTIN, TX 246,772246.8k $13.4m $13.4m 0.47% Added +28.2k +28,153
75 Traynor Capital Management, Inc. 0.92% of their portfolio MALVERN, PA 241,619241.6k $13.0m $13.0m 0.92% Added +173.2k +173,169
76 Centurion Wealth Management LLC 3.64% of their portfolio Mclean, VA 233,630233.6k $12.7m $12.7m 3.64% Added +41.1k +41,082
77 Tradition Wealth Management, LLC 0.97% of their portfolio EDINA, MN 223,689223.7k $12.2m $12.2m 0.97% Added +7.1k +7,119
78 KINTRA WEALTH, LLC 7.25% of their portfolio WILLIAMSPORT, PA 221,366221.4k $12.0m $12.0m 7.25% Reduced -4.1k -4,061
79 Pine Valley Investments Ltd Liability Co 0.69% of their portfolio MARLTON, NJ 214,409214.4k $11.7m $11.7m 0.69% Added +7.6k +7,579
80 WNY Asset Management, LLC 1.27% of their portfolio Williamsville, NY 212,524212.5k $11.6m $11.6m 1.27% Reduced -202.8k -202,803
81 KESTRA PRIVATE WEALTH SERVICES, LLC 0.17% of their portfolio AUSTIN, TX 211,671211.7k $11.5m $11.5m 0.17% Added +31.7k +31,733
82 Prospera Financial Services Inc 0.21% of their portfolio Dallas, TX 202,930202.9k $11.0m $11.0m 0.21% Added +14.1k +14,069
83 ROTHSCHILD INVESTMENT LLC 0.69% of their portfolio CHICAGO, IL 201,234201.2k $10.9m $10.9m 0.69% Added +133.0k +132,996
84 Vienna Asset Management LLC 7.47% of their portfolio SARATOGA, CA 199,311199.3k $10.8m $10.8m 7.47% Added +29.9k +29,892
85 Beacon Financial Advisory LLC 2.62% of their portfolio CLEVELAND, OH 186,009186.0k $10.1m $10.1m 2.62% Added +8.1k +8,050
86 Cambridge Advisors Inc. 2.07% of their portfolio OMAHA, NE 181,623181.6k $9.9m $9.9m 2.07% Reduced -2.4k -2,396
87 Mountain Capital Investment Advisors Inc. 1.83% of their portfolio WESTMINSTER, CO 177,397177.4k $9.5m $9.5m 1.83% Reduced -4.0k -3,994
88 Apexium Financial, LP 0.50% of their portfolio Dallas, TX 174,161174.2k $9.5m $9.5m 0.50% Added +54.7k +54,695
89 Compass Financial Services Inc 4.57% of their portfolio WEST DES MOINES, IA 173,629173.6k $9.4m $9.4m 4.57% Reduced -46.3k -46,302
90 MGO ONE SEVEN LLC 0.30% of their portfolio Beachwood, OH 172,809172.8k $9.4m $9.4m 0.30% Added +4.9k +4,911
91 U.S. Capital Wealth Advisors, LLC 0.27% of their portfolio AUSTIN, TX 170,431170.4k $9.3m $9.3m 0.27% Reduced -13.5k -13,517
92 Lighthouse Financial LLC 7.02% of their portfolio LARGO, FL 168,654168.7k $9.2m $9.2m 7.02% Reduced -3.1k -3,122
93 Venture Visionary Partners LLC 0.34% of their portfolio Sylvania, OH 167,391167.4k $9.1m $9.1m 0.34% Added +63.2k +63,184
94 Three Magnolias Financial Advisors, LLC 6.23% of their portfolio WINSTON-SALEM, NC 164,495164.5k $8.9m $8.9m 6.23% Added +50.6k +50,596
95 AdvisorNet Financial, Inc 0.57% of their portfolio MINNETONKA, MN 162,880162.9k $8.9m $8.9m 0.57% Added +96.8k +96,815
96 Kingsview Wealth Management, LLC 0.15% of their portfolio GRANTS PASS, OR 161,199161.2k $8.8m $8.8m 0.15% Added +28.1k +28,106
97 Coastal Bridge Advisors, LLC 0.73% of their portfolio WESTPORT, CT 161,006161.0k $8.8m $8.8m 0.73% Added +1.1k +1,071
98 STEPHENS INC /AR/ 0.12% of their portfolio LITTLE ROCK, AR 159,558159.6k $8.7m $8.7m 0.12% Added +17.6k +17,630
99 MBL Wealth, LLC 0.81% of their portfolio CHARLOTTE, NC 154,849154.8k $8.4m $8.4m 0.81% Reduced -70.2k -70,240
100 PRINCIPAL SECURITIES, INC. 0.16% of their portfolio DES MOINES, IA 152,722152.7k $8.3m $8.3m 0.16% Added +41.7k +41,715