Trading · authorized participant (AP)
Citigroup Global Markets Inc.
Citigroup Global Markets Inc. was an authorized participant (AP) for 2,282 US ETFs in Form N-CEN periods ending Sep 30, 2024 to Jun 30, 2026. It created $134.4bn and redeemed $113.1bn of their shares. It was active in 518 of them.
citigroup.com, the firm’s website ↗| # | Ticker | Fund | Category | Created | Redeemed | Created and redeemed ↓ | Share of the fund’s AP dollars | Active APs in the fund | Period ending |
|---|---|---|---|---|---|---|---|---|---|
| 1 | VUG | Vanguard Morningstar Growth ETF | U.S. stocks | $20.9bn | $20.9bn | $41.8bn | 53.1% | 14 | Dec 31, 2025 |
| 2 | SPY | SPDR S&P 500 ETF Trust | U.S. stocks | $7.9bn | $5.7bn | $13.6bn | 0.6% | 26 | Dec 31, 2025 |
| 3 | VO | Vanguard Morningstar Mid-Cap ETF | U.S. stocks | $6.1bn | $5.8bn | $11.9bn | 24.3% | 14 | Dec 31, 2025 |
| 4 | IVE | iShares S&P 500 Value ETF | U.S. stocks | $4.7bn | $4.8bn | $9.5bn | 43.2% | 13 | Mar 31, 2026 |
| 5 | JAAA | Janus Henderson AAA CLO ETF | Bonds | $4.9bn | $3.9bn | $8.7bn | 24.2% | 10 | Oct 31, 2025 |
| 6 | VOO | Vanguard S&P 500 ETF | U.S. stocks | $4.3bn | $4.0bn | $8.3bn | 1.4% | 21 | Dec 31, 2025 |
| 7 | IWM | iShares Russell 2000 ETF | U.S. stocks | $4.8bn | $3.1bn | $7.9bn | 3.1% | 15 | Mar 31, 2026 |
| 8 | XLI | State Street Industrial Select Sector SPDR ETF | Sector stocks | $3.3bn | $2.6bn | $5.9bn | 11.0% | 23 | Sep 30, 2025 |
| 9 | IJH | iShares Core S&P Mid-Cap ETF | U.S. stocks | $2.9bn | $2.8bn | $5.7bn | 20.4% | 17 | Mar 31, 2026 |
| 10 | KRE | State Street SPDR S&P Regional Banking ETF | Sector stocks | $2.6bn | $2.8bn | $5.5bn | 10.1% | 17 | Jun 30, 2026 |
| 11 | XLY | State Street Consumer Discretionary Select Sector SPDR ETF | Sector stocks | $2.1bn | $2.1bn | $4.2bn | 11.3% | 16 | Sep 30, 2025 |
| 12 | XBI | State Street SPDR S&P Biotech ETF | Themes | $2.0bn | $2.1bn | $4.1bn | 6.8% | 19 | Jun 30, 2026 |
| 13 | FDN | First Trust Dow Jones Internet Index Fund | Themes | $2.1bn | $1.4bn | $3.5bn | 19.1% | 12 | Dec 31, 2025 |
| 14 | DGRO | iShares Core Dividend Growth ETF | U.S. stocks | $1.7bn | $1.7bn | $3.4bn | 32.4% | 12 | Apr 30, 2026 |
| 15 | XLP | State Street Consumer Staples Select Sector SPDR ETF | Sector stocks | $1.7bn | $1.6bn | $3.3bn | 7.6% | 23 | Sep 30, 2025 |
| 16 | SMH | VanEck Semiconductor ETF | Themes | $1.4bn | $1.6bn | $3.1bn | 4.4% | 17 | Sep 30, 2025 |
| 17 | XLV | State Street Health Care Select Sector SPDR ETF | Sector stocks | $1.5bn | $1.5bn | $3.0bn | 5.1% | 23 | Sep 30, 2025 |
| 18 | FENI | Fidelity Enhanced International ETF | International stocks | $2.8bn | $0 | $2.8bn | 36.0% | 8 | Jun 30, 2026 |
| 19 | FAS | Direxion Daily Financial Bull 3X ETF | Leverage | $1.3bn | $1.3bn | $2.6bn | 60.1% | 9 | Oct 31, 2025 |
| 20 | IGV | iShares Expanded Tech-Software Sector ETF | Themes | $1.8bn | $684m | $2.5bn | 5.2% | 15 | Mar 31, 2026 |
| 21 | VB | Vanguard Morningstar Small-Cap ETF | U.S. stocks | $1.2bn | $1.2bn | $2.5bn | 10.0% | 14 | Dec 31, 2025 |
| 22 | IWB | iShares Russell 1000 ETF | U.S. stocks | $1.5bn | $916m | $2.4bn | 6.4% | 15 | Mar 31, 2026 |
| 23 | SOXX | iShares Semiconductor ETF | Themes | $948m | $1.4bn | $2.4bn | 2.6% | 18 | Mar 31, 2026 |
| 24 | RSPT | Invesco S&P 500 Equal Weight Technology ETF | Sector stocks | $1.1bn | $1.1bn | $2.2bn | 64.0% | 11 | Apr 30, 2026 |
| 25 | CGDV | Capital Group Dividend Value ETF | U.S. stocks | $2.1bn | $0 | $2.1bn | 6.7% | 11 | May 31, 2026 |
| 26 | IBB | iShares Biotechnology ETF | Themes | $1.1bn | $851m | $2.0bn | 9.6% | 15 | Mar 31, 2026 |
| 27 | DFUV | Dimensional US Marketwide Value ETF | U.S. stocks | $975m | $979m | $2.0bn | 43.0% | 9 | Oct 31, 2025 |
| 28 | XLE | State Street Energy Select Sector SPDR ETF | Sector stocks | $987m | $962m | $1.9bn | 4.3% | 21 | Sep 30, 2025 |
| 29 | NVDU | Direxion Daily NVDA Bull 2X ETF | Leverage | $985m | $963m | $1.9bn | 60.4% | 7 | Oct 31, 2025 |
| 30 | XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | Sector stocks | $1.0bn | $859m | $1.9bn | 8.2% | 16 | Jun 30, 2026 |
| 31 | IVV | iShares Core S&P 500 ETF | U.S. stocks | $644m | $1.2bn | $1.9bn | 0.2% | 25 | Mar 31, 2026 |
| 32 | VTI | Vanguard Morningstar Total Stock Market ETF | U.S. stocks | $912m | $925m | $1.8bn | 2.3% | 15 | Dec 31, 2025 |
| 33 | IYZ | iShares U.S. Telecommunications ETF | U.S. stocks | $851m | $873m | $1.7bn | 35.3% | 14 | Mar 31, 2026 |
| 34 | VTV | Vanguard Morningstar Value ETF | U.S. stocks | $709m | $725m | $1.4bn | 2.9% | 13 | Dec 31, 2025 |
| 35 | DYNF | iShares U.S. Equity Factor Rotation Active ETF | U.S. stocks | $709m | $715m | $1.4bn | 8.2% | 10 | Jul 31, 2025 |
| 36 | XRT | State Street SPDR S&P Retail ETF | Sector stocks | $741m | $661m | $1.4bn | 5.5% | 19 | Jun 30, 2026 |
| 37 | XLU | State Street Utilities Select Sector SPDR ETF | Sector stocks | $690m | $710m | $1.4bn | 4.9% | 22 | Sep 30, 2025 |
| 38 | TQQQ | ProShares UltraPro QQQ | Leverage | $697m | $678m | $1.4bn | 2.3% | 10 | May 31, 2026 |
| 39 | SCHG | Schwab U.S. Large-Cap Growth ETF | U.S. stocks | $678m | $689m | $1.4bn | 11.9% | 9 | Aug 31, 2025 |
| 40 | SPMO | Invesco S&P 500 Momentum ETF | U.S. stocks | $663m | $680m | $1.3bn | 10.7% | 11 | Aug 31, 2025 |
| 41 | MTUM | iShares MSCI USA Momentum Factor ETF | U.S. stocks | $680m | $661m | $1.3bn | 8.3% | 13 | Jul 31, 2025 |
| 42 | JQUA | JPMorgan U.S. Quality Factor ETF | U.S. stocks | $655m | $656m | $1.3bn | 22.5% | 7 | Oct 31, 2025 |
| 43 | VEA | Vanguard FTSE Developed Markets ETF | International stocks | $1.3bn | $0 | $1.3bn | 7.7% | 9 | Dec 31, 2025 |
| 44 | DIA | SPDR Dow Jones Industrial Average ETF Trust | U.S. stocks | $843m | $438m | $1.3bn | 0.9% | 15 | Dec 31, 2025 |
| 45 | TLT | iShares 20+ Year Treasury Bond ETF | Bonds | $185m | $1.1bn | $1.2bn | 1.1% | 12 | Feb 28, 2026 |
| 46 | IYR | iShares U.S. Real Estate ETF | Sector stocks | $636m | $587m | $1.2bn | 4.7% | 18 | Mar 31, 2026 |
| 47 | KIE | State Street SPDR S&P Insurance ETF | Sector stocks | $562m | $624m | $1.2bn | 23.0% | 15 | Jun 30, 2026 |
| 48 | SPGP | Invesco S&P 500 GARP ETF | U.S. stocks | $529m | $536m | $1.1bn | 44.6% | 13 | Apr 30, 2026 |
| 49 | SPYM | State Street SPDR Portfolio S&P 500 ETF | U.S. stocks | $702m | $336m | $1.0bn | 0.8% | 18 | Jun 30, 2026 |
| 50 | SOXL | Direxion Daily Semiconductor Bull 3X ETF | Leverage | $506m | $511m | $1.0bn | 2.3% | 9 | Oct 31, 2025 |
| 51 | XHB | State Street SPDR S&P Homebuilders ETF | Sector stocks | $531m | $485m | $1.0bn | 9.5% | 15 | Jun 30, 2026 |
| 52 | XLF | State Street Financial Select Sector SPDR ETF | Sector stocks | $260m | $742m | $1.0bn | 0.8% | 21 | Sep 30, 2025 |
| 53 | SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | U.S. stocks | $452m | $443m | $895m | 12.3% | 14 | Jun 30, 2026 |
| 54 | IEUR | iShares Core MSCI Europe ETF | International stocks | $863m | $0 | $863m | 29.2% | 9 | Jul 31, 2025 |
| 55 | TCAF | T. Rowe Price Capital Appreciation Equity ETF | U.S. stocks | $433m | $409m | $842m | 10.6% | 10 | Dec 31, 2025 |
| 56 | FNDX | Schwab Fundamental U.S. Large Company ETF | U.S. stocks | $416m | $414m | $830m | 12.1% | 12 | Feb 28, 2026 |
| 57 | SPDW | State Street SPDR Portfolio Developed World ex-US ETF | International stocks | $757m | $71.7m | $829m | 16.7% | 5 | Sep 30, 2025 |
| 58 | XLK | State Street Technology Select Sector SPDR ETF | Sector stocks | $352m | $452m | $804m | 1.8% | 18 | Sep 30, 2025 |
| 59 | ITB | iShares U.S. Home Construction ETF | Sector stocks | $463m | $340m | $803m | 7.0% | 15 | Mar 31, 2026 |
| 60 | MGK | Vanguard Morningstar Mega Cap Growth ETF | U.S. stocks | $383m | $389m | $773m | 6.9% | 12 | Sep 30, 2025 |
| 61 | VBK | Vanguard Morningstar Small-Cap Growth ETF | U.S. stocks | $353m | $371m | $725m | 13.1% | 11 | Dec 31, 2025 |
| 62 | FELC | Fidelity Enhanced Large Cap Core ETF | U.S. stocks | $358m | $358m | $717m | 14.3% | 9 | Jun 30, 2026 |
| 63 | JMEE | JPMorgan Small & Mid Cap Enhanced Equity ETF | U.S. stocks | $358m | $358m | $716m | 50.9% | 7 | Jun 30, 2026 |
| 64 | RSP | Invesco S&P 500 Equal Weight ETF | U.S. stocks | $352m | $353m | $705m | 1.0% | 19 | Apr 30, 2026 |
| 65 | XME | State Street SPDR S&P Metals & Mining ETF | Themes | $340m | $343m | $683m | 6.3% | 15 | Jun 30, 2026 |
| 66 | TECL | Direxion Daily Technology Bull 3X ETF | Leverage | $340m | $343m | $683m | 23.0% | 8 | Oct 31, 2025 |
| 67 | DFUS | Dimensional U.S. Equity Market ETF | U.S. stocks | $598m | $74.2m | $673m | 13.0% | 10 | Oct 31, 2025 |
| 68 | TSLL | Direxion Daily TSLA Bull 2X ETF | Leverage | $378m | $280m | $659m | 2.9% | 11 | Oct 31, 2025 |
| 69 | JBBB | Janus Henderson B-BBB CLO ETF | Bonds | $290m | $365m | $655m | 19.5% | 10 | Oct 31, 2025 |
| 70 | USVM | VictoryShares US Small Mid Cap Value Momentum ETF | U.S. stocks | $327m | $327m | $654m | 41.4% | 6 | Jun 30, 2026 |
| 71 | LGLV | State Street SPDR US Large Cap Low Volatility Index ETF | U.S. stocks | $323m | $328m | $651m | 57.3% | 10 | Jun 30, 2026 |
| 72 | KBE | State Street SPDR S&P Bank ETF | Sector stocks | $340m | $306m | $646m | 10.6% | 14 | Jun 30, 2026 |
| 73 | XLB | State Street Materials Select Sector SPDR ETF | Sector stocks | $305m | $319m | $623m | 3.2% | 20 | Sep 30, 2025 |
| 74 | CGUS | Capital Group Core Equity ETF | U.S. stocks | $341m | $265m | $606m | 7.9% | 12 | May 31, 2026 |
| 75 | IJK | iShares S&P Mid-Cap 400 Growth ETF | U.S. stocks | $303m | $296m | $600m | 14.5% | 10 | Mar 31, 2026 |
| 76 | PRF | Invesco RAFI US 1000 ETF | U.S. stocks | $286m | $287m | $573m | 17.0% | 11 | Apr 30, 2026 |
| 77 | SRLN | State Street Blackstone Senior Loan ETF | Bonds | $535m | $28.9m | $564m | 9.0% | 15 | Jun 30, 2026 |
| 78 | BKLN | Invesco Senior Loan ETF | Bonds | $547m | $14.6m | $561m | 4.6% | 16 | Aug 31, 2025 |
| 79 | SCHV | Schwab U.S. Large-Cap Value ETF | U.S. stocks | $278m | $280m | $557m | 26.8% | 10 | Aug 31, 2025 |
| 80 | BAI | iShares A.I. Innovation and Tech Active ETF | Themes | $505m | $42.4m | $548m | 5.3% | 12 | Apr 30, 2026 |
| 81 | JMOM | JPMorgan U.S. Momentum Factor ETF | U.S. stocks | $257m | $257m | $514m | 30.3% | 6 | Oct 31, 2025 |
| 82 | QVML | Invesco S&P 500 QVM Multi-factor ETF | U.S. stocks | $256m | $257m | $513m | 73.0% | 4 | Aug 31, 2025 |
| 83 | USD | ProShares Ultra Semiconductors | Leverage | $253m | $249m | $502m | 12.9% | 10 | May 31, 2026 |
| 84 | URTH | iShares MSCI World ETF | International stocks | $493m | $0 | $493m | 35.4% | 8 | Aug 31, 2025 |
| 85 | RWR | State Street SPDR Dow Jones REIT ETF | Sector stocks | $264m | $196m | $460m | 17.2% | 14 | Jun 30, 2026 |
| 86 | XLC | State Street Communication Services Select Sector SPDR ETF | Sector stocks | $221m | $210m | $431m | 1.2% | 18 | Sep 30, 2025 |
| 87 | IQLT | iShares MSCI Intl Quality Factor ETF | International stocks | $406m | $0 | $406m | 11.7% | 9 | Jul 31, 2025 |
| 88 | FELG | Fidelity Enhanced Large Cap Growth ETF | U.S. stocks | $200m | $202m | $402m | 9.0% | 10 | Jun 30, 2026 |
| 89 | RWL | Invesco S&P 500 Revenue ETF | U.S. stocks | $198m | $200m | $398m | 13.1% | 10 | Aug 31, 2025 |
| 90 | ARKK | ARK Innovation ETF | Themes | $276m | $120m | $395m | 1.8% | 15 | Jul 31, 2025 |
| 91 | OIH | VanEck Oil Services ETF | Sector stocks | $183m | $211m | $394m | 6.4% | 13 | Dec 31, 2025 |
| 92 | EQWL | Invesco S&P 100 Equal Weight ETF | U.S. stocks | $195m | $196m | $390m | 25.1% | 9 | Apr 30, 2026 |
| 93 | EFV | iShares MSCI EAFE Value ETF | International stocks | $353m | $0 | $353m | 3.2% | 9 | Jul 31, 2025 |
| 94 | UYG | ProShares Ultra Financials | Leverage | $181m | $166m | $347m | 13.6% | 9 | May 31, 2026 |
| 95 | KBWB | Invesco KBW Bank ETF | Sector stocks | $114m | $233m | $347m | 4.3% | 14 | Aug 31, 2025 |
| 96 | WTV | WisdomTree U.S. Value Fund | U.S. stocks | $170m | $172m | $342m | 10.2% | 10 | Mar 31, 2026 |
| 97 | DFLV | Dimensional US Large Cap Value ETF | U.S. stocks | $168m | $168m | $336m | 13.4% | 9 | Oct 31, 2025 |
| 98 | VNQ | Vanguard Real Estate ETF | Sector stocks | $137m | $189m | $325m | 3.0% | 15 | Jan 31, 2026 |
| 99 | FELV | Fidelity Enhanced Large Cap Value ETF | U.S. stocks | $196m | $124m | $320m | 12.5% | 9 | Jun 30, 2026 |
| 100 | JNK | State Street SPDR Bloomberg High Yield Bond ETF | Bonds | $192m | $116m | $309m | 1.2% | 8 | Jun 30, 2026 |
Citigroup Global Markets Inc. as an ETF authorized participant: the 100 funds it created and redeemed most in, of 518, ranked by what it created and redeemed, in Form N-CEN periods ending Sep 30, 2024 to Jun 30, 2026. Source: ETFIQ from Form N-CEN.
Citigroup Global Markets by category
The ETFs Citigroup Global Markets Inc. serves, by the category each is placed in, with what it created and redeemed in each.
| # | Category | Share of its dollars | ETFs served | Active in | Created | Redeemed | Only active AP in |
|---|---|---|---|---|---|---|---|
| 1 | U.S. stocks | 60.2% | 532 | 158 | $78.5bn | $70.5bn | 0 |
| 2 | International stocks | 5.0% | 401 | 117 | $10.1bn | $2.4bn | 0 |
| 3 | Sector stocks | 16.7% | 165 | 64 | $21.0bn | $20.3bn | 0 |
| 4 | Bonds | 5.5% | 592 | 64 | $7.9bn | $5.7bn | 0 |
| 5 | Commodities | 0.0% | 16 | 0 | $0 | $0 | 0 |
| 6 | Allocation | 0.1% | 17 | 2 | $115m | $9.0m | 0 |
| 7 | Buffer | 0.0% | 104 | 0 | $0 | $0 | 0 |
| 8 | Income | 0.0% | 74 | 3 | $35.0m | $2.4m | 0 |
| 9 | Themes | 8.2% | 202 | 56 | $11.3bn | $9.1bn | 0 |
| 10 | Leverage | 4.2% | 143 | 52 | $5.4bn | $5.1bn | 0 |
| 11 | Crypto | 0.0% | 3 | 0 | $0 | $0 | 0 |
| 12 | Alternatives | 0.0% | 33 | 2 | $41.1m | $0 | 0 |
Questions people ask
Is Citigroup Global Markets an ETF authorized participant (AP)?
Yes. Citigroup Global Markets Inc. is listed as an AP for 2,282 US ETFs in Form N-CEN periods ending Sep 30, 2024 to Jun 30, 2026, and created or redeemed shares in 518 of them.
Which ETFs does Citigroup Global Markets create and redeem the most?
By dollars created and redeemed: VUG, $41.8bn; SPY, $13.6bn; VO, $11.9bn; IVE, $9.5bn; JAAA, $8.7bn.
How much of an ETF’s AP activity does Citigroup Global Markets handle?
Across the 518 funds it was active in, its share of each fund’s AP dollars ran from 0.0% to 94.1%. It was the only active AP in 0 ETFs.
Where do these figures come from?
From item E.2 of each ETF’s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by Citigroup Global Markets’s CRD, SEC file number and LEI, never by the name as typed.
Method
Citigroup Global Markets Inc. is identified by CRD 7059, SEC file number 8-8177, LEI MBNUM2BPBDO7JBLYG310. It is on the SEC’s list of active broker-dealers dated Oct 1, 2026 as CITIGROUP GLOBAL MARKETS INC.. Funds filed its name 8 ways; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF’s latest Form N-CEN, with the dollars of the fund’s shares it purchased from the fund (created) and redeemed in the fund’s reporting period, as filed. A fund’s period is its own fiscal year, or less where the filing says so, so a firm’s total adds periods that end on different days. Rows are grouped into firms by the identifiers each row carries: the CRD number first, the SEC file number and LEI where the CRD is missing or typed wrong, never by name. 71 of 75,056 rows carry a CRD their file number and LEI place on another firm, and are counted there.
The rest of the method
A firm’s name is its registration on the SEC’s list of active broker-dealers where it is on it. Spot crypto and commodity trusts and ETNs file no N-CEN and are not here.
Where to next
Most active APs for U.S. stock ETFs→Most active APs for international stock ETFs→Most active APs for sector stock ETFs→Every ETF authorized participant (AP)→The most active APs→Most active APs for U.S. stock ETFs→Most active APs for international stock ETFs→Most active APs for sector stock ETFs→Most active APs for bond ETFs→ETF lead market makers (LMMs)→How the AP list is built→The open data file→Fund flows→
Where these figures came from
SEC Form N-CEN data sets, the source of every AP row ↗Form N-CEN, item E.2: each authorized participant and its dollars ↗SEC list of active broker-dealers, the source of each firm’s registered name ↗
ETFIQ links to the documents behind every figure; a link is not an endorsement. A list of firms is not a rating or a recommendation.
Questions people ask
Is Citigroup Global Markets an ETF authorized participant (AP)?
Yes. Citigroup Global Markets Inc. is listed as an AP for 2,282 US ETFs in Form N-CEN periods ending Sep 30, 2024 to Jun 30, 2026, and created or redeemed shares in 518 of them.
Which ETFs does Citigroup Global Markets create and redeem the most?
By dollars created and redeemed: VUG, $41.8bn; SPY, $13.6bn; VO, $11.9bn; IVE, $9.5bn; JAAA, $8.7bn.
How much of an ETF’s AP activity does Citigroup Global Markets handle?
Across the 518 funds it was active in, its share of each fund’s AP dollars ran from 0.0% to 94.1%. It was the only active AP in 0 ETFs.
Where do these figures come from?
From item E.2 of each ETF’s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by Citigroup Global Markets’s CRD, SEC file number and LEI, never by the name as typed.
Cite this pageCitation, APA and Markdown
ETFIQ, Citigroup Global Markets Inc. as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/citigroup-global-markets/
ETFIQ. (Sep 23, 2026). Citigroup Global Markets Inc. as an ETF authorized participant. Retrieved from https://etfiq.com/trading/authorized-participants/citigroup-global-markets/
[Citigroup Global Markets Inc. as an ETF authorized participant (ETFIQ, Sep 23, 2026)](https://etfiq.com/trading/authorized-participants/citigroup-global-markets/)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.