Tiaa-Cref Individual & Institutional Services, LLC
Reported US equity positions for Q1 2026 — $26.0B across 702 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| IEFA iShares Core MSCI EAFE ETF | $1.7B | 6.7% | 19,326,473 |
| VUG Vanguard Morningstar Growth ETF | $1.5B | 5.8% | 3,441,990 |
| VTV Vanguard Morningstar Value ETF | $1.3B | 5.0% | 6,668,184 |
| VEA Vanguard FTSE Developed Markets ETF | $1.3B | 4.9% | 19,977,313 |
| IWY iShares Russell Top 200 Growth ETF | $1.3B | 4.9% | 5,073,815 |
| IWX iShares Russell Top 200 Value ETF | $949.0M | 3.6% | 10,240,821 |
| IEMG iShares Core MSCI Emerging Markets ETF | $889.4M | 3.4% | 12,751,935 |
| MBB iShares MBS ETF | $710.2M | 2.7% | 7,479,771 |
| VTEB Vanguard Tax-Exempt Bond ETF | $633.9M | 2.4% | 12,706,867 |
| AGG iShares Core U.S. Aggregate Bond ETF | $623.9M | 2.4% | 6,284,686 |
| VONG Vanguard Russell 1000 Growth ETF | $620.8M | 2.4% | 5,659,298 |
| MUB iShares National Muni Bond ETF | $603.7M | 2.3% | 5,687,268 |
| SPDW State Street SPDR Portfolio Developed World ex-US ETF | $561.1M | 2.2% | 12,291,718 |
| VONV Vanguard Russell 1000 Value ETF | $542.3M | 2.1% | 5,784,848 |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | $468.2M | 1.8% | 9,139,303 |
| IWF iShares Russell 1000 Growth Fund | $438.4M | 1.7% | 1,028,157 |
| VWO Vanguard FTSE Emerging Markets ETF | $420.5M | 1.6% | 7,780,454 |
| VO Vanguard Morningstar Mid-Cap ETF | $394.8M | 1.5% | 1,374,859 |
| IWS iShares Russell Mid-Cap Value ETF | $389.6M | 1.5% | 2,673,419 |
| VOO Vanguard S&P 500 ETF | $360.2M | 1.4% | 602,774 |
| IVV iShares Core S&P 500 ETF | $351.2M | 1.4% | 537,707 |
| SCZ iShares MSCI EAFE Small-Cap ETF | $341.2M | 1.3% | 4,351,812 |
| GOVT iShares U.S. Treasury Bond ETF | $314.6M | 1.2% | 13,731,742 |
| VOE Vanguard Morningstar Mid-Cap Value ETF | $299.8M | 1.2% | 1,626,649 |
| IWR iShares Russell Mid-Cap ETF | $273.4M | 1.1% | 2,811,404 |
| AAPL Apple Inc. | $272.2M | 1.0% | 1,072,514 |
| IWP iShares Russell Midcap Growth ETF | $253.0M | 1.0% | 1,974,458 |
| EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | $248.9M | 1.0% | 2,650,114 |
| IWN iShares Russell 2000 Value ETF | $227.6M | 0.9% | 1,200,694 |
| NULG Nuveen ESG Large-Cap Growth ETF | $227.6M | 0.9% | 2,502,577 |
| IWD iShares Russell 1000 Value ETF | $227.4M | 0.9% | 1,064,227 |
| VTI Vanguard Morningstar Total Stock Market ETF | $223.0M | 0.9% | 695,186 |
| NULV Nuveen ESG Large-Cap Value ETF | $217.3M | 0.8% | 4,775,510 |
| VB Vanguard Morningstar Small-Cap ETF | $214.4M | 0.8% | 818,731 |
| SPYV State Street SPDR Portfolio S&P 500 Value ETF | $210.2M | 0.8% | 3,714,629 |
| SCHC Schwab International Small-Cap Equity ETF | $202.6M | 0.8% | 4,334,063 |
| SPEM State Street SPDR Portfolio Emerging Markets ETF | $193.9M | 0.7% | 4,133,529 |
| ESGU iShares ESG Aware MSCI USA ETF | $185.0M | 0.7% | 1,308,152 |
| IWO iShares Russell 2000 Growth Fund | $180.7M | 0.7% | 575,822 |
| BIV Vanguard Intermediate-Term Bond ETF | $177.9M | 0.7% | 2,304,912 |
| SPYG State Street SPDR Portfolio S&P 500 Growth ETF | $176.6M | 0.7% | 1,803,957 |
| EFV iShares MSCI EAFE Value ETF | $168.0M | 0.6% | 2,259,093 |
| SPY State Street SPDR S&P 500 ETF Trust | $167.9M | 0.6% | 258,161 |
| IQLT iShares MSCI Intl Quality Factor ETF | $158.9M | 0.6% | 3,436,496 |
| USHY iShares Broad USD High Yield Corporate Bond ETF | $158.0M | 0.6% | 4,289,399 |
| BNDX Vanguard Total International Bond ETF | $155.1M | 0.6% | 3,228,355 |
| VBR Vanguard Morningstar Small-Cap Value ETF | $141.8M | 0.5% | 652,542 |
| VOT Vanguard Morningstar Mid-Cap Growth ETF | $139.2M | 0.5% | 541,051 |
| EFA iShares MSCI EAFE ETF | $136.9M | 0.5% | 1,409,494 |
| BND Vanguard Total Bond Market ETF | $134.2M | 0.5% | 1,822,695 |
| VV Vanguard Morningstar Large-Cap ETF | $130.0M | 0.5% | 434,849 |
| QDF Northern Trust Quality Dividend ETF | $126.5M | 0.5% | 1,599,616 |
| IWM iShares Russell 2000 Index Fund | $115.1M | 0.4% | 464,067 |
| VBK Vanguard Morningstar Small-Cap Growth ETF | $111.0M | 0.4% | 367,120 |
| ESGD iShares ESG Aware MSCI EAFE ETF | $101.3M | 0.4% | 1,059,587 |
| MSFT Microsoft Corporation | $101.3M | 0.4% | 273,649 |
| IWB iShares Russell 1000 ETF | $97.2M | 0.4% | 272,506 |
| SUB iShares Short-Term National Muni Bond ETF | $87.1M | 0.3% | 817,913 |
| NUDM Nuveen ESG International Developed Markets Equity ETF | $78.0M | 0.3% | 2,161,430 |
| GOOGL Alphabet Inc. | $76.3M | 0.3% | 265,366 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.