Vault-13

PIMCO ETF TR SMMU

SHTRM MUN BD ACT · ETP · CUSIP 72201R874

171 institutional holders +4 vs Q1 2025
15,671,33715.7m shares reported held*
$786.2mreported value*
18 new 75 added 48 reduced 15 sold out net bought ≈ $175.5m (+3.5m 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. Holder counts are more reliable. Implied quarter-end price ≈ $50.17.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 103Q4 22: 112Q1 23: 123Q2 23: 125Q3 23: 131Q4 23: 140Q1 24: 138Q2 24: 144Q3 24: 148Q4 24: 172Q1 25: 167Q2 25: 171171Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022103
Q4 2022112
Q1 2023123
Q2 2023125
Q3 2023131
Q4 2023140
Q1 2024138
Q2 2024144
Q3 2024148
Q4 2024172
Q1 2025167
Q2 2025171

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 61 bought or addedQ3 23: 53 cut or sold outQ4 23: 66 bought or addedQ4 23: 58 cut or sold outQ4 23Q1 24: 66 bought or addedQ1 24: 54 cut or sold outQ2 24: 78 bought or addedQ2 24: 51 cut or sold outQ2 24Q3 24: 76 bought or addedQ3 24: 60 cut or sold outQ4 24: 82 bought or addedQ4 24: 52 cut or sold outQ4 24Q1 25: 93 bought or addedQ1 25: 61 cut or sold outQ2 25: 93 bought or addedQ2 25: 63 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236153
Q4 20236658
Q1 20246654
Q2 20247851
Q3 20247660
Q4 20248252
Q1 20259361
Q2 20259363

Biggest buyers

MORGAN STANLEY Added +2,346,083+2.3m
JPMORGAN CHASE & CO Added +493,764+493.8k
Stonebridge Financial Group, LLC Added +435,561+435.6k
SAGESPRING WEALTH PARTNERS, LLC Added +333,708+333.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +152,598+152.6k
OSAIC HOLDINGS, INC. Added +89,662+89.7k
CAPTRUST FINANCIAL ADVISORS Added +62,582+62.6k
CFS Investment Advisory Services, LLC New +60,162+60.2k
Elequin Capital, LP New +45,444+45.4k
GREAT VALLEY ADVISOR GROUP, INC. New +39,716+39.7k

Biggest sellers

Dynasty Wealth Management, LLC Sold out -433,325-433.3k
Cerity Partners LLC Reduced -173,858-173.9k
CWM, LLC Reduced -161,478-161.5k
Cetera Investment Advisers Reduced -85,061-85.1k
Thrivent Financial for Lutherans Sold out -26,593-26.6k
BANK OF AMERICA CORP /DE/ Reduced -17,946-17.9k
WELLS FARGO & COMPANY/MN Reduced -17,680-17.7k
Cyndeo Wealth Partners, LLC Reduced -15,130-15.1k
Virtue Capital Management, LLC Sold out -13,386-13.4k
Orion Porfolio Solutions, LLC Reduced -10,376-10.4k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,312,7263.3m $166.2m $166.2m 0.01% Added +2.3m +2,346,083
2 Stonebridge Financial Group, LLC 5.18% of their portfolio Wormleysburg, PA 1,063,4771.1m $53.4m $53.4m 5.18% Added +435.6k +435,561
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,052,6381.1m $52.8m $52.8m 0.00% Reduced -17.9k -17,946
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 893,294893.3k $44.8m $44.8m 0.00% Added +493.8k +493,764
5 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 842,230842.2k $42.2m $42.2m 0.07% Added +152.6k +152,598
6 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 681,268681.3k $34.2m $34.2m 0.06% Reduced -85.1k -85,061
7 SAGESPRING WEALTH PARTNERS, LLC 0.62% of their portfolio FRANKLIN, TN 571,694571.7k $28.7m $28.7m 0.62% Added +333.7k +333,708
8 CWM, LLC 0.10% of their portfolio OMAHA, NE 540,386540.4k $27.1m $27.1m 0.10% Reduced -161.5k -161,478
9 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 524,063524.1k $26.3m $26.3m 0.06% Added +62.6k +62,582
10 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 448,317448.3k $22.5m $22.5m 0.01% Added +31.5k +31,506
11 Biltmore Wealth Management, LLC 8.73% of their portfolio TEMPE, AZ 430,018430.0k $21.6m $21.6m 8.73% Added +20.1k +20,125
12 TD Capital Management LLC 1.75% of their portfolio MEMPHIS, TN 368,809368.8k $18.5m $18.5m 1.75% Added +29.2k +29,167
13 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 305,545305.5k $15.3m $15.3m 0.03% Added +89.7k +89,662
14 CONDOR CAPITAL MANAGEMENT 1.13% of their portfolio MARTINSVILLE, NJ 259,726259.7k $13.0m $13.0m 1.13% Added +1.1k +1,073
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 257,033257.0k $12.9m $12.9m 0.00% Reduced -17.7k -17,680
16 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 192,627192.6k $9.7m $9.7m 0.00% Added +21.9k +21,907
17 Quotient Wealth Partners, LLC 0.22% of their portfolio DALLAS, TX 145,958146.0k $7.3m $7.3m 0.22% Added +15.1k +15,052
18 WEBSTERROGERS FINANCIAL ADVISORS, LLC 2.05% of their portfolio FLORENCE, SC 128,660128.7k $6.5m $6.5m 2.05% Added +969 +969
19 Kelman-Lazarov, Inc. 0.97% of their portfolio MEMPHIS, TN 119,464119.5k $6.0m $6.0m 0.97% Added +14.6k +14,569
20 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 115,993116.0k $5.8m $5.8m 0.01% Reduced -7.1k -7,115
21 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 97,90597.9k $4.9m $4.9m 0.02% Added +12.9k +12,856
22 AXXCESS WEALTH MANAGEMENT, LLC 0.12% of their portfolio CARLSBAD, CA 96,87096.9k $4.9m $4.9m 0.12% Added +25.0k +25,039
23 Capital Asset Advisory Services LLC 0.23% of their portfolio Williamston, MI 96,45996.5k $4.8m $4.8m 0.23% Added +21.9k +21,918
24 CarsonAllaria Wealth Management, Ltd. 2.56% of their portfolio GLEN CARBON, IL 95,19295.2k $4.8m $4.8m 2.56% Added +11.3k +11,324
25 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 94,84394.8k $4.8m $4.8m 0.02% Added +24.1k +24,130
26 MAI Capital Management 0.03% of their portfolio INDEPENDENCE, OH 90,90890.9k $4.6m $4.6m 0.03% Added +6.4k +6,374
27 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 90,09690.1k $4.5m $4.5m 0.00% Added +2.8k +2,811
28 SIGNET FINANCIAL MANAGEMENT, LLC 0.57% of their portfolio PARSIPPANY, NJ 90,05790.1k $4.5m $4.5m 0.57% Reduced -1.5k -1,516
29 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 76,69276.7k $3.8m $3.8m 0.01% Reduced -173.9k -173,858
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 74,99175.0k $3.8m $3.8m 0.00% Added +6.6k +6,560
31 ABLE Financial Group, LLC 0.88% of their portfolio SCOTTSDALE, AZ 72,45272.5k $3.6m $3.6m 0.88% Added +6.6k +6,578
32 LifeWealth Investments, LLC 0.60% of their portfolio WINTER GARDEN, FL 70,11270.1k $3.5m $3.5m 0.60% Unchanged
33 UNIQUE WEALTH, LLC 0.57% of their portfolio TAMPA, FL 69,86669.9k $3.5m $3.5m 0.57% Added +31.7k +31,672
34 Westside Investment Management, Inc. 0.65% of their portfolio SANTA MONICA, CA 69,62869.6k $3.5m $3.5m 0.65% Reduced -5.7k -5,749
35 Crumly & Associates Inc. 0.84% of their portfolio SPRINGFIELD, IL 68,98269.0k $3.5m $3.5m 0.84% Reduced -6.0k -5,991
36 DAVIS R M INC 0.06% of their portfolio PORTLAND, ME 68,37068.4k $3.4m $3.4m 0.06% Added +2.5k +2,541
37 Cedar Point Capital Partners, LLC 2.19% of their portfolio Cedar Rapids, IA 62,00362.0k $3.1m $3.1m 2.19% Reduced -4.8k -4,799
38 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 60,93860.9k $3.1m $3.1m 0.00% Added +30.5k +30,522
39 MBM WEALTH CONSULTANTS, LLC 0.81% of their portfolio CHESTERFIELD, MO 60,48260.5k $3.0m $3.0m 0.81% Added +4.5k +4,469
40 CFS Investment Advisory Services, LLC 0.25% of their portfolio TOTOWA, NJ 60,16260.2k $3.0m $3.0m 0.25% New
41 Waverly Advisors, LLC 0.03% of their portfolio BIRMINGHAM, AL 50,01750.0k $2.5m $2.5m 0.03% Reduced -3.1k -3,143
42 Certified Advisory Corp 0.25% of their portfolio ALTAMONTE SPRINGS, FL 47,01347.0k $2.4m $2.4m 0.25% Added +1.4k +1,357
43 Elequin Capital, LP 0.31% of their portfolio NEW YORK, NY 45,44445.4k $2.3m $2.3m 0.31% New
44 PAX Financial Group, LLC 0.44% of their portfolio SAN ANTONIO, TX 45,44245.4k $2.3m $2.3m 0.44% Reduced -9.4k -9,393
45 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 44,43544.4k $2.2m $2.2m 0.02% Reduced -9.7k -9,668
46 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 43,32343.3k $2.2m $2.2m 0.00% Added +1.1k +1,149
47 AIFG Consultants Ltd. 4.14% of their portfolio HALFMOON, NY 42,34142.3k $2.1m $2.1m 4.14% Added +143 +143
48 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 42,23142.2k $2.1m $2.1m 0.01% Reduced -8.3k -8,310
49 AVANTAX ADVISORY SERVICES, INC. 0.01% of their portfolio DALLAS, TX 41,34941.3k $2.1m $2.1m 0.01% Added +6.7k +6,716
50 INSPIRION WEALTH ADVISORS, LLC 0.27% of their portfolio LIBERTYVILLE, IL 40,75840.8k $2.0m $2.0m 0.27% Unchanged
51 YHB Investment Advisors, Inc. 0.15% of their portfolio West Hartford, CT 39,85739.9k $2.0m $2.0m 0.15% Added +5.2k +5,197
52 GREAT VALLEY ADVISOR GROUP, INC. 0.04% of their portfolio WILMINGTON, DE 39,71639.7k $2.0m $2.0m 0.04% New
53 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 38,78738.8k $1.9m $1.9m 0.00% New
54 SITTNER & NELSON, LLC 0.73% of their portfolio EUGENE, OR 36,03836.0k $1.8m $1.8m 0.73% Added +29.2k +29,188
55 Premier Path Wealth Partners, LLC 0.25% of their portfolio MADISON, NJ 35,81335.8k $1.8m $1.8m 0.25% Reduced -3.9k -3,904
56 Milestone Investment Advisors LLC 0.43% of their portfolio MIDDLETON, WI 32,47732.5k $1.6m $1.6m 0.43% Added +8.5k +8,517
57 Dynamic Advisor Solutions LLC 0.05% of their portfolio PHOENIX, AZ 32,32232.3k $1.6m $1.6m 0.05% Added +22 +22
58 IAM Advisory, LLC 0.39% of their portfolio EASTON, PA 32,25432.3k $1.6m $1.6m 0.39% Added +203 +203
59 Inspire Advisors, LLC 0.16% of their portfolio Meridian, ID 31,39431.4k $1.6m $1.6m 0.16% Reduced -2.0k -2,017
60 EHRLICH FINANCIAL GROUP 1.00% of their portfolio LAGUNA NIGUEL, CA 30,68130.7k $1.5m $1.5m 1.00% Reduced -813 -813
61 StoneCrest Wealth Management, Inc. 0.71% of their portfolio CHANDLER, AZ 29,72129.7k $1.5m $1.5m 0.71% Unchanged
62 LongView Wealth Management 0.44% of their portfolio ATLANTA, GA 29,15429.2k $1.5m $1.5m 0.44% Reduced -2.6k -2,600
63 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 28,78328.8k $1.4m $1.4m 0.00% Reduced -550 -550
64 Tyler-Stone Wealth Management 0.23% of their portfolio Beachwood, OH 28,62028.6k $1.4m $1.4m 0.23% Reduced -380 -380
65 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 27,06027.1k $1.4m $1.4m 0.01% Added +4.5k +4,527
66 COMERICA BANK 0.01% of their portfolio DALLAS, TX 26,65826.7k $1.3m $1.3m 0.01% Added +20.1k +20,093
67 DAVENPORT & Co LLC 0.01% of their portfolio RICHMOND, VA 26,54026.5k $1.3m $1.3m 0.01% Added +6.4k +6,367
68 NewSquare Capital LLC 0.10% of their portfolio NEWTOWN SQUARE, PA 26,17226.2k $1.3m $1.3m 0.10% Added +584 +584
69 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 25,60025.6k $1.3m $1.3m 0.00% Added +1.9k +1,855
70 Skyline Advisors, Inc. 0.47% of their portfolio BELLINGHAM, WA 25,37625.4k $1.3m $1.3m 0.47% Reduced -298 -298
71 BCGM Wealth Management, LLC 0.34% of their portfolio LAFAYETTE, IN 24,37224.4k $1.2m $1.2m 0.34% Reduced -2.2k -2,199
72 Summit Financial Strategies, Inc. 0.11% of their portfolio Columbus, OH 24,32424.3k $1.2m $1.2m 0.11% Added +7.2k +7,200
73 MBL Wealth, LLC 0.11% of their portfolio CHARLOTTE, NC 22,42222.4k $1.1m $1.1m 0.11% Added +472 +472
74 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 22,25322.3k $1.1m $1.1m 0.00% Added +8.0k +7,973
75 Cyndeo Wealth Partners, LLC 0.07% of their portfolio ST. PETERSBURG, FL 22,24822.2k $1.1m $1.1m 0.07% Reduced -15.1k -15,130
76 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 21,32921.3k $1.1m $1.1m 0.01% Reduced -776 -776
77 Orion Porfolio Solutions, LLC 0.01% of their portfolio OMAHA, NE 21,18421.2k $1.1m $1.1m 0.01% Reduced -10.4k -10,376
78 FOUNDERS GROVE WEALTH PARTNERS, LLC 0.25% of their portfolio RICHMOND, VA 20,03520.0k $1.0m $1.0m 0.25% Unchanged
79 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 19,97320.0k $1.0m $1.0m 0.02% Added +1.0k +1,041
80 Oak Wealth Advisors LLC 0.53% of their portfolio NORTHBROOK, IL 16,62316.6k $834.0k $834.0k 0.53% Unchanged
81 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 16,45816.5k $825.7k $825.7k 0.01% Added +2.8k +2,806
82 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 16,32516.3k $819.0k $819.0k 0.02% First filing
83 Stratos Wealth Partners, LTD. 0.01% of their portfolio BEACHWOOD, OH 15,13815.1k $759.5k $759.5k 0.01% New
84 Golden State Wealth Management, LLC 0.09% of their portfolio SANTA ANA, CA 15,03215.0k $754.2k $754.2k 0.09% Added +781 +781
85 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 14,64414.6k $734.7k $734.7k 0.00% Unchanged
86 Kuhn & Co Investment Counsel 0.55% of their portfolio Chicago, IL 14,49514.5k $727.2k $727.2k 0.55% Added +892 +892
87 L.K. Benson & Company, P.C. 0.43% of their portfolio TIMONIUM, MD 14,02914.0k $703.9k $703.9k 0.43% Added +37 +37
88 Financial Advocates Investment Management 0.06% of their portfolio OLYMPIA, WA 13,93413.9k $699.0k $699.0k 0.06% Added +9.3k +9,321
89 TITLEIST ASSET MANAGEMENT, LLC 0.07% of their portfolio SAN ANTONIO, TX 13,87213.9k $696.0k $696.0k 0.07% Added +3.4k +3,433
90 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,78113.8k $691.4k $691.4k 0.00% Added +146 +146
91 SAGE RHINO CAPITAL LLC 0.14% of their portfolio MENLO PARK, CA 13,57913.6k $681.3k $681.3k 0.14% Reduced -3.2k -3,188
92 Beaird Harris Wealth Management, LLC 0.05% of their portfolio DALLAS, TX 13,40013.4k $672.3k $672.3k 0.05% Added +3.9k +3,915
93 Bedel Financial Consulting, Inc. 0.09% of their portfolio INDIANAPOLIS, IN 13,18413.2k $661.4k $661.4k 0.09% Unchanged
94 Total Clarity Wealth Management, Inc. 0.19% of their portfolio ST. CHARLES, IL 12,90112.9k $647.2k $647.2k 0.19% Reduced -3.1k -3,114
95 AdvisorNet Financial, Inc 0.04% of their portfolio MINNETONKA, MN 12,75712.8k $640.0k $640.0k 0.04% Reduced -1.2k -1,241
96 Kooman & Associates 0.21% of their portfolio ALTOONA, PA 12,50012.5k $627.1k $627.1k 0.21% Reduced -1.4k -1,404
97 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 12,44012.4k $624.1k $624.1k 0.00% Added +3.7k +3,660
98 SIERRA OCEAN, LLC 0.45% of their portfolio RIPON, CA 12,42912.4k $623.6k $623.6k 0.45% Added +628 +628
99 Summit Financial Consulting LLC 0.54% of their portfolio STERLING HEIGHTS, MI 11,91811.9k $597.9k $597.9k 0.54% Added +1.0k +1,017
100 Crossmark Global Holdings, Inc. 0.01% of their portfolio HOUSTON, TX 11,86011.9k $595.0k $595.0k 0.01% Reduced -2.2k -2,243