Vault-13

PIMCO ETF TR ZROZ

25YR+ ZERO U S · ETP · CUSIP 72201R882

127 institutional holders -7 vs Q4 2025
8,668,4078.7m shares reported held*
$554.5mreported value*
18 new 48 added 48 reduced 24 sold out net sold ≈ $86.5m (-1.4m 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 ≈ $63.97. Options: 3 managers hold calls ($17.9m notional), 5 hold puts ($19.9m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 79Q4 22: 101Q1 23: 105Q2 23: 113Q3 23: 113Q4 23: 121Q1 24: 107Q2 24: 120Q3 24: 134Q4 24: 142Q1 25: 145Q2 25: 134Q3 25: 131Q4 25: 134Q1 26: 127127Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202279
Q4 2022101
Q1 2023105
Q2 2023113
Q3 2023113
Q4 2023121
Q1 2024107
Q2 2024120
Q3 2024134
Q4 2024142
Q1 2025145
Q2 2025134
Q3 2025131
Q4 2025134
Q1 2026127

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 24: 71 bought or addedQ2 24: 42 cut or sold outQ3 24: 75 bought or addedQ3 24: 56 cut or sold outQ3 24Q4 24: 69 bought or addedQ4 24: 74 cut or sold outQ1 25: 74 bought or addedQ1 25: 87 cut or sold outQ1 25Q2 25: 80 bought or addedQ2 25: 70 cut or sold outQ3 25: 69 bought or addedQ3 25: 63 cut or sold outQ3 25Q4 25: 67 bought or addedQ4 25: 74 cut or sold outQ1 26: 66 bought or addedQ1 26: 72 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20247142
Q3 20247556
Q4 20246974
Q1 20257487
Q2 20258070
Q3 20256963
Q4 20256774
Q1 20266672

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ2 25 calls: $12.2mQ2 25 puts: $11.5mQ2 25P/C 0.95Q3 25 calls: $11.6mQ3 25 puts: $12.9mQ3 25P/C 1.11Q4 25 calls: $4.8mQ4 25 puts: $13.0mQ4 25P/C 2.70Q1 26 calls: $17.9mQ1 26 puts: $19.9mQ1 26P/C 1.11
Numbers
QuarterCallsPutsP/C
Q2 2025$12.2m$11.5m0.95
Q3 2025$11.6m$12.9m1.11
Q4 2025$4.8m$13.0m2.70
Q1 2026$17.9m$19.9m1.11

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +281,651+281.7k
GenWealth Group, Inc. Added +133,091+133.1k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +76,910+76.9k
GOLDMAN SACHS GROUP INC New +72,070+72.1k
Rockefeller Capital Management L.P. Added +54,314+54.3k
RiverFront Investment Group, LLC Added +47,669+47.7k
Glaxis Capital Management, LLC Added +45,000+45.0k
Cyndeo Wealth Partners, LLC Added +41,537+41.5k
MML INVESTORS SERVICES, LLC New +30,720+30.7k
ENVESTNET ASSET MANAGEMENT INC Added +27,254+27.3k

Biggest sellers

Annex Advisory Services, LLC Reduced -931,054-931.1k
Mirae Asset Global Investments Co., Ltd. Reduced -548,793-548.8k
CITADEL ADVISORS LLC Sold out -102,663-102.7k
Western Wealth Management, LLC Reduced -80,200-80.2k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -77,837-77.8k
CONSILIO WEALTH ADVISORS, LLC Sold out -76,420-76.4k
Quadrature Capital Ltd Sold out -57,331-57.3k
Nearwater Capital Markets, Ltd Sold out -55,400-55.4k
Retirement Management Systems Inc. Reduced -50,470-50.5k
MORGAN STANLEY Reduced -44,751-44.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.4m131.6k shares
CITADEL ADVISORS LLC Added $6.8m106.8k shares
JANE STREET GROUP, LLC Added $2.6m41.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.6m181.5k shares
JANE STREET GROUP, LLC Added $3.0m46.5k shares
CITADEL ADVISORS LLC Reduced $2.7m42.0k shares
IMC-Chicago, LLC Added $2.3m36.4k shares
SIMPLEX TRADING, LLC Added $320.1k5.0k 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 Mirae Asset Global Investments Co., Ltd. 0.23% of their portfolio SEOUL, M5 1,227,7351.2m $78.6m $78.6m 0.23% Reduced -548.8k -548,793
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 748,902748.9k $47.9m $47.9m 0.00% Added +281.7k +281,651
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 633,868633.9k $40.6m $40.6m 0.01% Reduced -20.9k -20,934
4 RWA WEALTH PARTNERS, LLC 0.42% of their portfolio BOSTON, MA 598,288598.3k $38.3m $38.3m 0.42% Unchanged
5 RiverFront Investment Group, LLC 0.55% of their portfolio RICHMOND, VA 556,338556.3k $35.6m $35.6m 0.55% Added +47.7k +47,669
6 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 513,409513.4k $32.9m $32.9m 0.01% Added +27.3k +27,254
7 CPC Advisors, LLC 4.40% of their portfolio Atlanta, GA 423,982424.0k $27.1m $27.1m 4.40% Added +20.6k +20,561
8 GenWealth Group, Inc. 4.23% of their portfolio Maplewood, NJ 386,261386.3k $24.7m $24.7m 4.23% Added +133.1k +133,091
9 Krilogy Financial LLC 0.48% of their portfolio ST. LOUIS, MO 238,537238.5k $15.0m $15.0m 0.48% Reduced -16.0k -15,955
10 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 198,939198.9k $12.7m $12.7m 0.00% Added +8.0k +7,996
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 161,567161.6k $10.3m $10.3m 0.00% Reduced -44.8k -44,751
12 Cyndeo Wealth Partners, LLC 0.50% of their portfolio ST. PETERSBURG, FL 149,488149.5k $9.6m $9.6m 0.50% Added +41.5k +41,537
13 Paragon Advisors, LLC 2.48% of their portfolio COLLEGE STATION, TX 143,409143.4k $9.2m $9.2m 2.48% Reduced -8.9k -8,931
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 119,221119.2k $7.6m $7.6m 0.00% Added +4.8k +4,806
15 Centurion Wealth Management LLC 1.60% of their portfolio Mclean, VA 110,684110.7k $7.1m $7.1m 1.60% Added +6.5k +6,508
16 Mid-American Wealth Advisory Group, Inc. 2.99% of their portfolio KANSAS CITY, MO 109,982110.0k $7.1m $7.1m 2.99% Unchanged
17 IHT Wealth Management, LLC 0.16% of their portfolio Chicago, IL 103,719103.7k $6.6m $6.6m 0.16% Added +5.3k +5,293
18 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 103,465103.5k $6.6m $6.6m 0.01% Reduced -28.5k -28,521
19 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 100,602100.6k $6.4m $6.4m 0.01% Reduced -15.2k -15,178
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 100,000100.0k $6.4m $6.4m 0.00% Added +25.0k +25,000
21 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 97,18897.2k $6.2m $6.2m 0.01% Added +54.3k +54,314
22 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 90,61190.6k $5.7m $5.7m 0.00% Added +7.1k +7,112
23 D.A. DAVIDSON & CO. 0.03% of their portfolio GREAT FALLS, MT 83,32483.3k $5.3m $5.3m 0.03% Reduced -2.0k -1,953
24 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 81,56581.6k $5.2m $5.2m 0.01% Added +76.9k +76,910
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 81,12081.1k $5.2m $5.2m 0.00% Reduced -9.1k -9,143
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 72,07072.1k $4.6m $4.6m 0.00% New
27 Glaxis Capital Management, LLC 5.61% of their portfolio SARASOTA, FL 70,00070.0k $4.5m $4.5m 5.61% Added +45.0k +45,000
28 Marex Group Ltd 0.05% of their portfolio London, X0 68,90468.9k $4.4m $4.4m 0.05% Unchanged
29 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 66,29166.3k $4.2m $4.2m 0.02% Added +10.4k +10,387
30 WEDBUSH SECURITIES INC 0.11% of their portfolio PASADENA, CA 58,83058.8k $3.8m $3.8m 0.11% Added +24.4k +24,448
31 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 56,88556.9k $3.6m $3.6m 0.01% Reduced -22.2k -22,167
32 SHEPHERD KAPLAN KROCHUK, LLC 3.02% of their portfolio Boston, MA 56,14156.1k $3.6m $3.6m 3.02% Reduced -1.5k -1,517
33 Arlington Capital Management, Inc. 1.86% of their portfolio ARLINGTON HEIGHTS, IL 51,37751.4k $3.3m $3.3m 1.86% Added +702 +702
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 46,87746.9k $3.0m $3.0m 0.00% Added +6.5k +6,456
35 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 45,66745.7k $2.9m $2.9m 0.00% Reduced -4.3k -4,309
36 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 44,96845.0k $2.9m $2.9m 0.01% Added +1.2k +1,187
37 Retirement Management Systems Inc. 0.64% of their portfolio STEVENSVILLE, MD 41,35641.4k $2.6m $2.6m 0.64% Reduced -50.5k -50,470
38 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 38,10338.1k $2.4m $2.4m 0.01% Reduced -250 -250
39 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 33,27233.3k $2.1m $2.1m 0.00% Added +1.2k +1,236
40 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 30,72030.7k $2.0m $2.0m 0.01% New
41 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 29,43429.4k $1.9m $1.9m 0.00% Reduced -28.4k -28,413
42 Redwood Investment Management, LLC 0.23% of their portfolio SCOTTSDALE, AZ 28,46528.5k $1.8m $1.8m 0.23% Added +6.1k +6,147
43 Prospera Financial Services Inc 0.03% of their portfolio Dallas, TX 25,68825.7k $1.6m $1.6m 0.03% Added +214 +214
44 Provident Wealth Management, LLC 0.48% of their portfolio BRENTWOOD, TN 24,83724.8k $1.6m $1.6m 0.48% Reduced -503 -503
45 Delos Wealth Advisors, LLC 0.89% of their portfolio DALLAS, TX 24,20024.2k $1.5m $1.5m 0.89% Added +12.0k +12,045
46 Carrera Capital Advisors 0.23% of their portfolio TROY, MI 23,76123.8k $1.5m $1.5m 0.23% Reduced -7.7k -7,691
47 Goodman Advisory Group, LLC 0.39% of their portfolio NEEDHAM, MA 23,22723.2k $1.5m $1.5m 0.39% Reduced -882 -882
48 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 22,49222.5k $1.4m $1.4m 0.01% Added +10.8k +10,836
49 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 22,28422.3k $1.4m $1.4m 0.00% Added +1.1k +1,083
50 IFP Advisors, Inc 0.03% of their portfolio TAMPA, FL 21,51021.5k $1.4m $1.4m 0.03% Unchanged
51 FLP Wealth Management, LLC 2.81% of their portfolio BENTONVILLE, AR 21,26721.3k $1.4m $1.4m 2.81% Added +8.5k +8,514
52 NVWM, LLC 0.30% of their portfolio YARDLEY, PA 20,75620.8k $1.3m $1.3m 0.30% New
53 Williams & Novak, LLC 0.96% of their portfolio WESTLAKE VILLAGE, CA 20,18720.2k $1.3m $1.3m 0.96% Reduced -773 -773
54 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 20,14120.1k $1.3m $1.3m 0.00% Reduced -77.8k -77,837
55 Valtinson Bruner Financial Planning LLC 0.35% of their portfolio NEW BRIGHTON, MN 19,69419.7k $1.3m $1.3m 0.35% Reduced -13.7k -13,744
56 FLOW TRADERS U.S. LLC 0.04% of their portfolio NEW YORK, NY 19,65519.7k $1.3m $1.3m 0.04% Reduced -21.5k -21,479
57 Golden Reserve Retirement LLC 0.24% of their portfolio DUBLIN, OH 18,53718.5k $1.2m $1.2m 0.24% Added +11.0k +11,031
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 18,24718.2k $1.2m $1.2m 0.00% Added +1.7k +1,735
59 Legacy Private Trust Co. 0.07% of their portfolio NEENAH, WI 17,07817.1k $1.1m $1.1m 0.07% Reduced -8.5k -8,525
60 Tower Research Capital LLC (TRC) 0.03% of their portfolio NEW YORK, NY 16,06516.1k $1.0m $1.0m 0.03% Reduced -25.5k -25,495
61 Almanack Investment Partners, LLC. 0.17% of their portfolio WAYNE, PA 15,39615.4k $985.5k $985.5k 0.17% New
62 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 14,43414.4k $923.9k $923.9k 0.01% Added +692 +692
63 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 13,88413.9k $888.7k $888.7k 0.01% New
64 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 12,96913.0k $830.2k $830.2k 0.00% Added +2.1k +2,133
65 Purpose Unlimited Inc. 0.03% of their portfolio TORONTO, A6 12,68812.7k $807.0k $807.0k 0.03% New
66 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 12,63012.6k $808.4k $808.4k 0.00% Reduced -76 -76
67 Annex Advisory Services, LLC 0.01% of their portfolio BROOKFIELD, WI 12,41612.4k $794.8k $794.8k 0.01% Reduced -931.1k -931,054
68 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 11,86211.9k $759.3k $759.3k 0.01% New
69 Whalen Wealth Management Inc. 0.38% of their portfolio LAS VEGAS, NV 11,09511.1k $710.2k $710.2k 0.38% New
70 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 9,3739.4k $600.0k $600.0k 0.01% Reduced -668 -668
71 Sankala Group LLC 0.44% of their portfolio LYONS, CO 8,4658.5k $539.0k $539.0k 0.44% Reduced -18 -18
72 Colonial River Investments, LLC 0.18% of their portfolio MIDLOTHIAN, VA 8,0088.0k $512.6k $512.6k 0.18% Added +514 +514
73 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,7157.7k $493.8k $493.8k 0.00% Added +7.6k +7,587
74 Ballew Advisors, Inc 0.27% of their portfolio Jackson, MS 7,4357.4k $472.5k $472.5k 0.27% Reduced -303 -303
75 Simplicity Wealth,LLC 0.03% of their portfolio SUMMIT, NJ 7,1227.1k $455.9k $455.9k 0.03% Added +389 +389
76 BCWM, LLC 0.13% of their portfolio OVERLAND PARK, KS 6,8906.9k $441.0k $441.0k 0.13% Added +404 +404
77 BlackRock, Inc. 0.00% of their portfolio New York, NY 6,6376.6k $424.8k $424.8k 0.00% Reduced -6.3k -6,274
78 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 6,5676.6k $420.4k $420.4k 0.00% Reduced -1.9k -1,881
79 Authentikos Wealth Advisory, LLC 0.24% of their portfolio MORGAN HILL, CA 5,6505.7k $361.6k $361.6k 0.24% Added +1.4k +1,371
80 North Ridge Wealth Advisors, Inc. 0.20% of their portfolio BEAVERTON, OR 5,5145.5k $353.0k $353.0k 0.20% Reduced -2.3k -2,329
81 Fort Sheridan Advisors LLC 0.04% of their portfolio HIGHLAND PARK, IL 5,5005.5k $352.1k $352.1k 0.04% New
82 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 5,4565.5k $349.2k $349.2k 0.01% Reduced -19.6k -19,561
83 Western Wealth Management, LLC 0.01% of their portfolio GOLDEN, CO 5,0155.0k $321.0k $321.0k 0.01% Reduced -80.2k -80,200
84 Timber Creek Capital Management LLC 0.07% of their portfolio BOSTON, MA 4,8134.8k $308.1k $308.1k 0.07% Added +39 +39
85 Great Lakes Retirement, Inc. 0.03% of their portfolio SANDUSKY, OH 4,5094.5k $288.6k $288.6k 0.03% Reduced -316 -316
86 INTEGRITY ALLIANCE, LLC. 0.01% of their portfolio Urbandale, IA 4,4234.4k $283.1k $283.1k 0.01% Reduced -50 -50
87 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,4104.4k $282.3k $282.3k 0.00% Reduced -326 -326
88 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 4,1494.1k $265.6k $265.6k 0.00% Unchanged
89 Visionary Wealth Advisors 0.01% of their portfolio O'FALLON, IL 4,1214.1k $263.8k $263.8k 0.01% Added +308 +308
90 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 4,0084.0k $256.6k $256.6k 0.00% New
91 TWO SIGMA SECURITIES, LLC 0.03% of their portfolio NEW YORK, NY 3,9654.0k $253.8k $253.8k 0.03% Reduced -5.0k -5,042
92 SeaCrest Wealth Management, LLC 0.03% of their portfolio PURCHASE, NY 3,7293.7k $238.7k $238.7k 0.03% New
93 Ergawealth Advisors, Inc. 0.10% of their portfolio OAK BROOK, IL 3,6813.7k $235.6k $235.6k 0.10% New
94 PRIVATE TRUST CO NA 0.02% of their portfolio CLEVELAND, OH 3,6053.6k $230.7k $230.7k 0.02% Reduced -3.3k -3,312
95 Sowell Financial Services LLC 0.01% of their portfolio NORTH LITTLE ROCK, AR 3,2623.3k $208.8k $208.8k 0.01% Added +92 +92
96 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 3,2383.2k $207.3k $207.3k 0.00% New
97 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio ORLANDO, FL 2,5902.6k $163.8k $163.8k 0.01% Unchanged
98 Elevated Capital Advisors, LLC 0.04% of their portfolio SANDY, UT 2,4692.5k $158.1k $158.1k 0.04% Reduced -6.2k -6,165
99 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 2,3162.3k $148.3k $148.3k 0.00% New
100 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 2,2872.3k $144.6k $144.6k 0.00% Reduced -76 -76