% of shares outstanding is not shown for IWN: this is a fund line, and we hold no cover-page share count for it at any quarter — a fund's shares outstanding move with creations and redemptions rather than with issuance and buybacks, and it is not the SEC cover-page count this percentage is defined against. The figure is withheld rather than computed against a count that does not exist. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for IWN in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | BANK OF AMERICA CORP /DE/ | 6,123,6386.1M | $1.2B | — | TRIM -22% |
| 2 | MORGAN STANLEY | 4,360,3414.4M | $827M | — | ADD 2% |
| 3 | ENVESTNET ASSET MANAGEMENT INC | 2,144,7972.1M | $407M | — | — |
| 4 | TIAA Wealth Investment Management LLC | 1,545,7181.5M | $286M | — | NEW |
| 5 | D.A. DAVIDSON & CO. | 1,273,5291.3M | $241M | — | ADD 2% |
| 6 | TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC | 1,200,6941.2M | $228M | — | NEW |
| 7 | VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | 1,108,9201.1M | $210M | — | — |
| 8 | PNC FINANCIAL SERVICES GROUP, INC. | 1,100,5981.1M | $209M | — | — |
| 9 | LPL Financial LLC | 1,062,4771.1M | $201M | — | TRIM -4% |
| 10 | M&T Bank Corp | 1,016,7921.0M | $193M | — | — |
| 11 | WELLS FARGO & COMPANY/MN | 876,818876,818 | $166M | — | TRIM -14% |
| 12 | HSBC HOLDINGS PLC | 859,009859,009 | $163M | — | ADD 842% |
| 13 | UBS Group AG | 839,340839,340 | $159M | — | ADD 4% |
| 14 | COMMONWEALTH EQUITY SERVICES, LLC | 793,547793,547 | $150M | — | — |
| 15 | GOLDMAN SACHS GROUP INC | 727,598727,598 | $138M | — | ADD 2% |
| 16 | Betterment LLC | 672,519672,519 | $128M | — | TRIM -3% |
| 17 | Cassaday & Co Wealth Management LLC | 644,789644,789 | $122M | — | — |
| 18 | NORTHERN TRUST CORP | 607,703607,703 | $115M | — | TRIM -3% |
| 19 | ROYAL BANK OF CANADA | 553,944553,944 | $105M | — | ADD 4% |
| 20 | JPMORGAN CHASE & CO | 464,365464,365 | $86M | — | ADD 6% |
| 21 | RAYMOND JAMES FINANCIAL INC | 448,003448,003 | $85M | — | ADD 2% |
| 22 | Pacific Life Fund Advisors LLC | 428,929428,929 | $81M | — | — |
| 23 | Pathstone Holdings, LLC | 414,852414,852 | $79M | — | ADD 5% |
| 24 | Badgley Phelps Wealth Managers, LLC | 390,279390,279 | $74M | — | — |
| 25 | Focus Partners Wealth | 339,189339,189 | $64M | — | — |
| 26 | Jasper Ridge Partners, L.P. | 321,684321,684 | $61M | — | — |
| 27 | COMMERCE BANK | 321,635321,635 | $61M | — | — |
| 28 | JONES FINANCIAL COMPANIES LLLP | 301,348301,348 | $56M | — | ADD 9% |
| 29 | Bank of New York Mellon Corp | 284,106284,106 | $54M | — | ADD 38% |
| 30 | AMERIPRISE FINANCIAL INC | 270,318270,318 | $51M | — | ADD 3% |
| 31 | SEI INVESTMENTS CO | 257,968257,968 | $49M | — | TRIM -4% |
| 32 | MAI Capital Management | 257,584257,584 | $49M | — | — |
| 33 | Cetera Investment Advisers | 250,563250,563 | $48M | — | TRIM -8% |
| 34 | CHOREO, LLC | 243,933243,933 | $46M | — | — |
| 35 | AMG National Trust Bank | 237,810237,810 | $45M | — | TRIM -2% |
| 36 | STEPHENS GROUP ASSET MANAGEMENT, LLC | 237,549237,549 | $45M | — | — |
| 37 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 233,132233,132 | $44M | — | TRIM -50% |
| 38 | Comprehensive Financial Management LLC | 230,481230,481 | $44M | — | — |
| 39 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 211,095211,095 | $41M | — | TRIM -14% |
| 40 | BROWN ADVISORY INC | 212,189212,189 | $40M | — | TRIM -25% |
| 41 | WHITTIER TRUST CO | 199,452199,452 | $38M | — | — |
| 42 | NATIXIS ADVISORS, LLC | 202,770202,770 | $38M | — | TRIM -3% |
| 43 | Rockefeller Capital Management L.P. | 199,558199,558 | $38M | — | ADD 2% |
| 44 | Allspring Global Investments Holdings, LLC | 189,169189,169 | $36M | — | TRIM -14% |
| 45 | FIFTH THIRD BANCORP | 182,001182,001 | $35M | — | ADD 116% |
| 46 | FMR LLC | 177,073177,073 | $34M | — | ADD 17% |
| 47 | US BANCORP \DE\ | 175,722175,722 | $33M | — | ADD 7% |
| 48 | Waldron Private Wealth LLC | 166,686166,686 | $32M | — | TRIM -19% |
| 49 | Mariner, LLC | 159,270159,270 | $30M | — | TRIM -5% |
| 50 | COURIER CAPITAL LLC | 154,386154,386 | $29M | — | — |
| 51 | BANK OF MONTREAL /CAN/ | 154,164154,164 | $29M | — | TRIM -4% |
| 52 | Pure Financial Advisors, LLC | 147,543147,543 | $28M | — | ADD 4% |
| 53 | JOHNSON INVESTMENT COUNSEL INC | 143,250143,250 | $27M | — | TRIM -8% |
| 54 | WoodTrust Financial Corp | 142,405142,405 | $27M | — | TRIM -10% |
| 55 | TRUIST FINANCIAL CORP | 140,851140,851 | $27M | — | — |
| 56 | BlackRock, Inc. | 139,387139,387 | $26M | — | ADD 6% |
| 57 | WELLINGTON MANAGEMENT GROUP LLP | 136,382136,382 | $26M | — | TRIM -19% |
| 58 | BNP PARIBAS FINANCIAL MARKETS | 136,078136,078 | $26M | — | TRIM -70% |
| 59 | HighTower Advisors, LLC | 131,835131,835 | $25M | — | TRIM -2% |
| 60 | Modera Wealth Management, LLC | 130,686130,686 | $25M | — | — |
| 61 | OSAIC HOLDINGS, INC. | 130,465130,465 | $25M | — | ADD 8% |
| 62 | Allworth Financial LP | 125,709125,709 | $24M | — | — |
| 63 | PRINCIPAL FINANCIAL GROUP INC | 115,483115,483 | $22M | — | TRIM -25% |
| 64 | Powell Investment Advisors, LLC | 115,437115,437 | $22M | — | — |
| 65 | Arax Advisory Partners | 113,534113,534 | $21M | — | — |
| 66 | JANUS HENDERSON GROUP PLC | 112,917112,917 | $21M | — | TRIM -15% |
| 67 | WHITTIER TRUST CO OF NEVADA INC | 110,561110,561 | $21M | — | TRIM -3% |
| 68 | CAPTRUST FINANCIAL ADVISORS | 110,499110,499 | $21M | — | TRIM -3% |
| 69 | AQR CAPITAL MANAGEMENT LLC | 109,273109,273 | $21M | — | TRIM -11% |
| 70 | Corient Private Wealth LLC | 108,564108,564 | $20M | — | TRIM -62% |
| 71 | Cerity Partners LLC | 104,854104,854 | $20M | — | TRIM -9% |
| 72 | CITADEL ADVISORS LLC | 103,769103,769 | $20M | — | ADD 14% |
| 73 | Zhang Financial LLC | 99,25299,252 | $19M | — | — |
| 74 | Elite Financial, Inc. | 96,41196,411 | $18M | — | — |
| 75 | VICTORY CAPITAL MANAGEMENT INC | 95,66095,660 | $18M | — | TRIM -51% |
| 76 | FLOW TRADERS U.S. LLC | 94,08594,085 | $18M | — | ADD 207% |
| 77 | Pinnacle Financial Partners, Inc. | 92,49792,497 | $18M | — | — |
| 78 | Baird Financial Group, Inc. | 91,58591,585 | $17M | — | ADD 2% |
| 79 | SILVERCREST ASSET MANAGEMENT GROUP LLC | 91,27191,271 | $17M | — | TRIM -57% |
| 80 | NATIONAL BANK OF CANADA /FI/ | 90,80790,807 | $17M | — | ADD 4139% |
| 81 | Creative Planning | 89,48789,487 | $17M | — | ADD 2% |
| 82 | ALLIANCEBERNSTEIN L.P. | 92,50892,508 | $17M | — | TRIM -4% |
| 83 | Fiduciary Trust Co | 88,30988,309 | $17M | — | — |
| 84 | Savant Capital, LLC | 84,75684,756 | $16M | — | — |
| 85 | THOMPSON SIEGEL & WALMSLEY LLC | 83,73583,735 | $16M | — | TRIM -8% |
| 86 | Beacon Pointe Advisors, LLC | 81,68881,688 | $15M | — | ADD 34% |
| 87 | ASPIRIANT, LLC | 79,88379,883 | $15M | — | TRIM -3% |
| 88 | Waverly Advisors, LLC | 79,74279,742 | $15M | — | — |
| 89 | CWM, LLC | 76,05876,058 | $14M | — | ADD 31% |
| 90 | Wealthspire Advisors, LLC | 75,94775,947 | $14M | — | — |
| 91 | FRANKLIN RESOURCES INC | 73,83673,836 | $14M | — | ADD 36% |
| 92 | MONETA GROUP INVESTMENT ADVISORS LLC | 71,52871,528 | $14M | — | — |
| 93 | Hillcrest Wealth Advisors - NY, LLC | 70,60570,605 | $13M | — | — |
| 94 | FULLER & THALER ASSET MANAGEMENT, INC. | 69,91369,913 | $13M | — | TRIM -77% |
| 95 | TWO SIGMA INVESTMENTS, LP | 68,97568,975 | $13M | — | ADD 89% |
| 96 | STIFEL FINANCIAL CORP | 68,79968,799 | $13M | — | TRIM -10% |
| 97 | Strategic Equity Management | 68,55368,553 | $13M | — | NEW |
| 98 | BAILARD, INC. | 67,72367,723 | $13M | — | TRIM -2% |
| 99 | TIAA TRUST, NATIONAL ASSOCIATION | 66,97066,970 | $13M | — | TRIM -98% |
| 100 | ARIEL INVESTMENTS, LLCtracked | 65,45565,455 | $12M | — | ADD 96% |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | 6.7M | 6.3M | 6.8M | 6.7M | 7.9M | 6.1M | $1.2B |
| MORGAN STANLEY | 5.5M | 5.1M | 5.0M | 4.7M | 4.3M | 4.4M | $827M |
| ENVESTNET ASSET MANAGEMENT INC | 2.1M | 2.1M | 2.0M | 2.1M | 2.2M | 2.1M | $407M |
| TIAA Wealth Investment Management LLC | — | — | — | — | — | 1.5M | $286M |
| D.A. DAVIDSON & CO. | 1.1M | 1.1M | 1.2M | 1.2M | 1.2M | 1.3M | $241M |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC | — | — | — | — | — | 1.2M | $228M |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | 54K | 1.2M | 1.3M | 1.2M | 1.1M | 1.1M | $210M |
| PNC FINANCIAL SERVICES GROUP, INC. | 1.2M | 1.2M | 1.1M | 1.1M | 1.1M | 1.1M | $209M |
| LPL Financial LLC | 995K | 986K | 1.0M | 1.0M | 1.1M | 1.1M | $201M |
| M&T Bank Corp | 1.0M | 1.0M | 1.0M | 995K | 1.0M | 1.0M | $193M |
| WELLS FARGO & COMPANY/MN | 1.0M | 942K | 923K | 886K | 1.0M | 877K | $166M |
| HSBC HOLDINGS PLC | 52K | 54K | 50K | 9K | 91K | 859K | $163M |
| UBS Group AG | 964K | 1.1M | 972K | 840K | 806K | 839K | $159M |
| COMMONWEALTH EQUITY SERVICES, LLC | 920K | 943K | 906K | 830K | 793K | 794K | $150M |
| GOLDMAN SACHS GROUP INC | 1.1M | 1.1M | 1.2M | 731K | 712K | 728K | $138M |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| TIAA Wealth Investment Management LLC | +1,545,718 | $293M | OPEN |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC | +1,200,694 | $228M | OPEN |
| HSBC HOLDINGS PLC | +767,841 | $146M | ADD |
| FIFTH THIRD BANCORP | +97,720 | $19M | ADD |
| MORGAN STANLEY | +90,615 | $17M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| TIAA TRUST, NATIONAL ASSOCIATION | −2,681,385 | $508M | TRIM |
| BANK OF AMERICA CORP /DE/ | −1,753,511 | $332M | TRIM |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | −645,530 | $122M | TRIM |
| BNP PARIBAS FINANCIAL MARKETS | −310,573 | $59M | TRIM |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | −236,312 | $45M | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 1,015 | 47,643,915 | — | $9.0B |
| 2025-Q4 | 1,038 | 50,547,208 | — | $9.2B |
| 2025-Q3 | 968 | 50,900,280 | — | $9.0B |
| 2025-Q2 | 961 | 53,245,532 | — | $8.4B |
| 2025-Q1 | 983 | 55,791,806 | — | $8.4B |
| 2024-Q4 | 1,055 | 56,068,599 | — | $9.2B |
| 2024-Q3 | 972 | 56,517,070 | — | $9.4B |
| 2024-Q2 | 926 | 57,271,938 | — | $8.6B |
| 2024-Q1 | 948 | 70,087,100 | — | $11.1B |
| 2023-Q4 | 967 | 66,374,852 | — | $10.3B |
| 2023-Q3 | 881 | 56,843,850 | — | $7.7B |
| 2023-Q2 | 882 | 65,384,616 | — | $8.3B |
| 2023-Q1 | 870 | 59,007,090 | — | $8.1B |
| 2022-Q4 | 931 | 62,334,788 | — | $8.7B |
| 2022-Q3 | 839 | 61,618,165 | — | $8.0B |
| 2022-Q2 | 876 | 61,351,058 | — | $8.3B |
| 2022-Q1 | 915 | 70,046,381 | — | $11.2B |
| 2021-Q4 | 941 | 72,165,206 | — | $11.9B |
| 2021-Q3 | 831 | 73,343,078 | — | $11.7B |
| 2021-Q2 | 851 | 72,905,329 | — | $12.1B |
| 2021-Q1 | 833 | 72,170,026 | — | $11.4B |
| 2020-Q4 | 770 | 65,019,114 | — | $8.6B |
| 2020-Q3 | 634 | 56,488,797 | — | $5.6B |
| 2020-Q2 | 631 | 53,574,705 | — | $5.2B |
| 2020-Q1 | 665 | 57,953,101 | — | $4.8B |
| 2019-Q4 | 738 | 50,467,698 | — | $6.5B |
| 2019-Q3 | 651 | 50,326,981 | — | $6.0B |
| 2019-Q2 | 653 | 48,309,137 | — | $5.8B |
| 2019-Q1 | 673 | 47,303,447 | — | $5.7B |
| 2018-Q4 | 666 | 54,462,107 | — | $5.9B |
| 2018-Q3 | 619 | 50,124,556 | — | $7.0B |
| 2018-Q2 | 602 | 50,796,326 | — | $6.6B |
| 2018-Q1 | 598 | 47,050,356 | — | $5.7B |
| 2017-Q4 | 627 | 47,848,353 | — | $6.0B |
| 2017-Q3 | 532 | 43,715,224 | — | $5.4B |
| 2017-Q2 | 525 | 43,773,110 | — | $5.2B |
| 2017-Q1 | 542 | 48,053,100 | — | $5.7B |
| 2016-Q4 | 559 | 48,041,414 | — | $5.7B |
| 2016-Q3 | 467 | 39,007,737 | — | $4.1B |
| 2016-Q2 | 429 | 33,841,167 | — | $3.3B |
| 2016-Q1 | 422 | 34,923,862 | — | $3.3B |
| 2015-Q4 | 420 | 36,093,001 | — | $3.3B |
| 2015-Q3 | 389 | 34,773,832 | — | $3.1B |
| 2015-Q2 | 394 | 35,699,714 | — | $3.7B |
| 2015-Q1 | 388 | 35,484,130 | — | $3.7B |
| 2014-Q4 | 403 | 38,889,424 | — | $4.0B |
| 2014-Q3 | 363 | 33,790,652 | — | $3.2B |
| 2014-Q2 | 363 | 33,063,209 | — | $3.4B |
| 2014-Q1 | 374 | 33,696,490 | — | $3.4B |
| 2013-Q4 | 366 | 36,838,609 | — | $3.7B |
| 2013-Q3 | 327 | 36,500,258 | — | $3.3B |
| 2013-Q2 | 309 | 34,962,413 | — | $3.0B |
| 2013-Q1 | 29 | 2,167,773 | — | $181M |
