Who owns IWB
Which tracked institutional funds hold IWB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See IWB company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on IWB is one-sided between 2026-Q1 and 2026-Q2: 540 added or opened and 106 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
IWB’s largest tracked holder by dollar value, FMR LLC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.6% of theirs — a 0.4pp gap the other way — the median holder sizes IWB more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in IWB divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 1498 tracked filers holding IWB, 499 increased or opened the position and 658 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in IWB between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 48
- OpenArc Corporate Advisory, LLC$179M
- Norinchukin Bank, The$63M
- NewEdge Advisors, LLC$52M
- RENAISSANCE TECHNOLOGIES LLC$17M
- Centerline Wealth Advisors, LLC$11M
- Coppell Advisory Solutions LLC$11M
Full exits 54
- ALLSTATE CORP$197M
- HighTower Advisors, LLC$187M
- Cambridge Investment Research Advisors, Inc.$60M
- DAIDO LIFE INSURANCE CO$35M
- PARK AVENUE SECURITIES LLC$29M
- Opus Capital Group, LLC$28M
Largest adds
- FMR LLC$485M
- BlackRock, Inc.$393M
- Dynasty Wealth Management, LLC$343M
- JPMORGAN CHASE & CO$225M
- M&T Bank Corp$189M
- LPL Financial LLC$137M
Largest trims
- JONES FINANCIAL COMPANIES LLLP$153M
- MILLENNIUM MANAGEMENT LLC$100M
- Equitable Holdings, Inc.$51M
- Lido Advisors, LLC$49M
- SCHRODER INVESTMENT MANAGEMENT GROUP$44M
- TWO SIGMA INVESTMENTS, LP$31M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FMR LLC trimmed | 9,942,793 | $4.1B | 12.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP trimmed | 8,705,412 | $3.5B | 10.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 4,567,154 | $1.9B | 5.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 3,908,505 | $1.6B | 4.8% | 2026-Q2 |
| M&T Bank Corp added | 2,899,576 | $1.2B | 3.5% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 2,550,767 | $1.0B | 3.1% | 2026-Q2 |
| LPL Financial LLC added | 2,543,875 | $1.0B | 3.1% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 2,313,380 | $947M | 2.8% | 2026-Q2 |
| BlackRock, Inc. added | 2,289,986 | $938M | 2.8% | 2026-Q2 |
| MORGAN STANLEY added | 2,040,874 | $836M | 2.5% | 2026-Q2 |
| Focus Partners Wealth trimmed | 1,859,370 | $761M | 2.3% | 2026-Q2 |
| Millburn Ridgefield LLC /DE/ trimmed | 1,637,759 | $671M | 2.0% | 2026-Q2 |
| Catalyst Capital Advisors LLC trimmed | 1,637,759 | $671M | 2.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,634,389 | $664M | 2.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 1,577,820 | $646M | 1.9% | 2026-Q2 |
| JOHNSON INVESTMENT COUNSEL INC added | 1,429,386 | $585M | 1.7% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 1,337,416 | $548M | 1.6% | 2026-Q2 |
| BOKF, NA trimmed | 1,281,418 | $525M | 1.6% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 1,270,498 | $520M | 1.6% | 2026-Q2 |
| UBS Group AG added | 1,138,581 | $466M | 1.4% | 2026-Q2 |
| Pathstone Holdings, LLC added | 1,132,924 | $464M | 1.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 1,081,981 | $443M | 1.3% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 856,684 | $351M | 1.0% | 2026-Q2 |
| Dynasty Wealth Management, LLC added | 838,203 | $343M | 1.0% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 833,092 | $341M | 1.0% | 2026-Q2 |
| Cerity Partners LLC added | 815,660 | $334M | 1.0% | 2026-Q2 |
| National Mutual Insurance Federation of Agricultural Cooperatives | 791,000 | $324M | 1.0% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 721,484 | $295M | 0.9% | 2026-Q2 |
| Legacy Wealth Management, LLC trimmed | 702,613 | $288M | 0.9% | 2026-Q2 |
| Creative Planning added | 651,215 | $267M | 0.8% | 2026-Q2 |
| Capstone Financial Advisors, Inc. trimmed | 637,495 | $261M | 0.8% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. added | 625,348 | $256M | 0.8% | 2026-Q2 |
| Mariner, LLC trimmed | 566,204 | $232M | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 565,167 | $231M | 0.7% | 2026-Q2 |
| IEQ CAPITAL, LLC trimmed | 492,609 | $202M | 0.6% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 482,320 | $198M | 0.6% | 2026-Q2 |
| OpenArc Corporate Advisory, LLC new | 437,245 | $179M | 0.5% | 2026-Q2 |
| Empower Advisory Group, LLC trimmed | 430,492 | $176M | 0.5% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 410,929 | $168M | 0.5% | 2026-Q2 |
| Cetera Investment Advisers added | 381,177 | $156M | 0.5% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 380,082 | $156M | 0.5% | 2026-Q2 |
| RED CEDAR INVESTMENT MANAGEMENT, LLC trimmed | 379,919 | $156M | 0.5% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 352,340 | $144M | 0.4% | 2026-Q2 |
| MPS Loria Financial Planners, LLC added | 347,484 | $142M | 0.4% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 341,972 | $140M | 0.4% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 336,014 | $136M | 0.4% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 318,478 | $130M | 0.4% | 2026-Q2 |
| Waverly Advisors, LLC trimmed | 314,703 | $129M | 0.4% | 2026-Q2 |
| SAGESPRING WEALTH PARTNERS, LLC added | 311,153 | $127M | 0.4% | 2026-Q2 |
| NorthRock Partners, LLC trimmed | 295,228 | $121M | 0.4% | 2026-Q2 |
| Arbor Investment Advisors, LLC trimmed | 284,885 | $117M | 0.3% | 2026-Q2 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC added | 279,636 | $115M | 0.3% | 2026-Q2 |
| Johns Hopkins University | 264,479 | $108M | 0.3% | 2026-Q2 |
| COMMERCE BANK trimmed | 262,586 | $108M | 0.3% | 2026-Q2 |
| McKinley Carter Wealth Services, Inc. added | 249,432 | $102M | 0.3% | 2026-Q2 |
| Winthrop Advisory Group LLC trimmed | 247,599 | $101M | 0.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 238,849 | $98M | 0.3% | 2026-Q2 |
| AMG National Trust Bank trimmed | 236,272 | $97M | 0.3% | 2026-Q2 |
| TIAA Wealth Investment Management LLC trimmed | 233,438 | $95M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. trimmed | 227,369 | $93M | 0.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 224,503 | $92M | 0.3% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 209,766 | $86M | 0.3% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 209,271 | $86M | 0.3% | 2026-Q2 |
| Ballentine Partners, LLC trimmed | 205,671 | $84M | 0.3% | 2026-Q2 |
| COLDSTREAM CAPITAL MANAGEMENT INC trimmed | 197,624 | $81M | 0.2% | 2026-Q2 |
| JFS WEALTH ADVISORS, LLC trimmed | 196,255 | $80M | 0.2% | 2026-Q2 |
| BOK Financial Private Wealth, Inc. trimmed | 192,855 | $79M | 0.2% | 2026-Q2 |
| Corient Private Wealth LP added | 188,963 | $77M | 0.2% | 2026-Q2 |
| WASHINGTON TRUST Co trimmed | 187,582 | $77M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 175,478 | $72M | 0.2% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 173,341 | $71M | 0.2% | 2026-Q2 |
| Mason & Associates Inc added | 166,139 | $68M | 0.2% | 2026-Q2 |
| Boston Partners added | 165,274 | $68M | 0.2% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 162,958 | $67M | 0.2% | 2026-Q2 |
| BRIGHTON JONES LLC trimmed | 161,000 | $66M | 0.2% | 2026-Q2 |
| Enclave Advisors LLC trimmed | 159,905 | $65M | 0.2% | 2026-Q2 |
| Hippocratic Financial Advisors, LLC added | 158,526 | $65M | 0.2% | 2026-Q2 |
| Norinchukin Bank, The new | 155,000 | $63M | 0.2% | 2026-Q2 |
| Napier Financial, LLC added | 152,880 | $63M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 149,580 | $61M | 0.2% | 2026-Q2 |
| DT Investment Partners, LLC added | 148,918 | $61M | 0.2% | 2026-Q2 |
| Gotham Asset Management, LLC added | 148,358 | $61M | 0.2% | 2026-Q2 |
| PRINCIPAL SECURITIES, INC. trimmed | 147,167 | $60M | 0.2% | 2026-Q2 |
| JT Stratford LLC added | 146,428 | $60M | 0.2% | 2026-Q2 |
| Wealthspire Advisors, LLC added | 145,102 | $59M | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 141,523 | $58M | 0.2% | 2026-Q2 |
| CHOREO, LLC trimmed | 139,506 | $57M | 0.2% | 2026-Q2 |
| Financial Management Professionals, Inc. added | 137,398 | $56M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 134,401 | $55M | 0.2% | 2026-Q2 |
| NIXON PEABODY TRUST CO added | 131,839 | $54M | 0.2% | 2026-Q2 |
| Wealthfront Advisers LLC trimmed | 128,979 | $53M | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC added | 128,083 | $52M | 0.2% | 2026-Q2 |
| Jordan Park Group LLC added | 126,399 | $52M | 0.2% | 2026-Q2 |
| CAMBRIDGE ASSOCIATES LLC /MA/ /ADV | 124,298 | $51M | 0.2% | 2026-Q2 |
| Conservest Capital Advisors, Inc. trimmed | 122,456 | $50M | 0.1% | 2026-Q2 |
| Keel Point, LLC trimmed | 122,452 | $50M | 0.1% | 2026-Q2 |
| Trust Co trimmed | 121,730 | $50M | 0.1% | 2026-Q2 |
| Brewster Financial Planning LLC trimmed | 119,018 | $49M | 0.1% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 118,488 | $49M | 0.1% | 2026-Q2 |
| ASPIRIANT, LLC added | 116,055 | $48M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.