Vault-13

VANGUARD SPECIALIZED FUNDS VIG

DIV APP ETF · ETP · CUSIP 921908844

1,785 institutional holders -11 vs Q4 2022
182,969,429183.0m shares reported held*
$28.0bnreported value*
87 new 677 added 698 reduced 81 sold out net sold ≈ $1.2bn (-7.0m 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 ($61.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $153.01. Options: 8 managers hold calls ($77.6m notional), 6 hold puts ($24.2m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,649Q4 22: 1,796Q1 23: 1,7851,785Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20221,649
Q4 20221,796
Q1 20231,785

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 792 bought or addedQ4 22: 654 cut or sold outQ4 22Q1 23: 764 bought or addedQ1 23: 779 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022792654
Q1 2023764779

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ3 22 calls: $56.1mQ3 22 puts: $15.5mQ3 22P/C 0.28Q4 22 calls: $61.2mQ4 22 puts: $11.9mQ4 22P/C 0.19Q1 23 calls: $77.6mQ1 23 puts: $24.2mQ1 23P/C 0.31
Numbers
QuarterCallsPutsP/C
Q3 2022$56.1m$15.5m0.28
Q4 2022$61.2m$11.9m0.19
Q1 2023$77.6m$24.2m0.31

Biggest buyers

MONEY CONCEPTS CAPITAL CORP Added +807,703+807.7k
Wealthfront Advisers LLC Added +674,652+674.7k
JPMORGAN CHASE & CO Added +496,791+496.8k
RAYMOND JAMES & ASSOCIATES Added +398,932+398.9k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +268,204+268.2k
Apollon Wealth Management, LLC Added +246,595+246.6k
FMR LLC Added +218,616+218.6k
Stokes Family Office, LLC Added +159,723+159.7k
VANGUARD GROUP INC Added +154,801+154.8k
AMERIPRISE FINANCIAL INC Added +144,851+144.9k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -5,853,254-5.9m
J.P. Morgan Private Wealth Advisors LLC Reduced -1,148,751-1.1m
BARINGS LLC Sold out -583,507-583.5k
BROWN ADVISORY INC Reduced -457,628-457.6k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -427,651-427.7k
Portfolio Strategies, Inc. Sold out -312,532-312.5k
Evergreen Wealth Management, LLC Reduced -279,053-279.1k
PATHSTONE FAMILY OFFICE, LLC Reduced -228,515-228.5k
WELLS FARGO & COMPANY/MN Reduced -225,209-225.2k
Cambridge Investment Research Advisors, Inc. Reduced -197,959-198.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $46.5m302.1k shares
CITADEL ADVISORS LLC Added $16.3m106.0k shares
BANK OF AMERICA CORP /DE/ Unchanged $9.5m62.0k shares
WOLVERINE TRADING, LLC Reduced $3.7m24.4k shares
Parallax Volatility Advisers, L.P. New $708.4k4.6k shares
Belvedere Trading LLC New $523.6k3.4k shares
Walleye Trading LLC Reduced $261.8k1.7k shares
Cutler Group LLC / CA Added $40.0k16.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.2m117.9k shares
CITADEL ADVISORS LLC Added $3.8m24.5k shares
Walleye Trading LLC Reduced $1.3m8.7k shares
WOLVERINE TRADING, LLC Reduced $928.0k6.1k shares
WELLS FARGO & COMPANY/MN Reduced $15.4k100 shares
Cutler Group LLC / CA Added $5.0k6.2k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.39% of their portfolio CHARLOTTE, NC 22,022,30622.0m $3.4bn $3.4bn 0.39% Reduced -5.9m -5,853,254
2 MORGAN STANLEY 0.18% of their portfolio NEW YORK, NY 10,971,50511.0m $1.7bn $1.7bn 0.18% Reduced -44.3k -44,279
3 WELLS FARGO & COMPANY/MN 0.50% of their portfolio SAN FRANCISCO, CA 10,463,46410.5m $1.6bn $1.6bn 0.50% Reduced -225.2k -225,209
4 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 7,544,1197.5m $1.2bn $1.2bn 0.03% Added +154.8k +154,801
5 UBS Group AG 0.45% of their portfolio ZURICH, V8 6,362,3666.4m $979.9m $979.9m 0.45% Added +40.4k +40,446
6 Wealthfront Advisers LLC 4.01% of their portfolio Palo Alto, CA 5,724,2195.7m $881.6m $881.6m 4.01% Added +674.7k +674,652
7 LPL Financial LLC 0.60% of their portfolio FORT MILL, SC 4,986,1135.0m $767.9m $767.9m 0.60% Added +1.4k +1,410
8 ROYAL BANK OF CANADA 0.17% of their portfolio TORONTO, A6 3,643,5983.6m $561.2m $561.2m 0.17% Reduced -47.3k -47,257
9 HB Wealth Management, LLC 9.46% of their portfolio Atlanta, GA 3,642,8593.6m $545.5m $545.5m 9.46% Added +122.2k +122,210
10 CITIGROUP INC 0.64% of their portfolio NEW YORK, NY 3,109,4063.1m $478.9m $478.9m 0.64% Added +9.0k +8,970
11 J.P. Morgan Private Wealth Advisors LLC 1.01% of their portfolio SAN FRANCISCO, CA 3,078,0013.1m $474.0m $474.0m 1.01% Reduced -1.1m -1,148,751
12 COMMONWEALTH EQUITY SERVICES, LLC 0.81% of their portfolio WALTHAM, MA 2,500,6192.5m $385.1m $385.1m 0.81% Added +110.4k +110,373
13 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 2,317,9972.3m $358.0m $358.0m 0.12% Added +144.9k +144,851
14 Raymond James Financial Services Advisors, Inc. 0.67% of their portfolio ST. PETERSBURG, FL 2,284,6962.3m $351.9m $351.9m 0.67% Reduced -101.5k -101,516
15 RAYMOND JAMES & ASSOCIATES 0.29% of their portfolio ST PETERSBURG, FL 2,147,4412.1m $330.7m $330.7m 0.29% Added +398.9k +398,932
16 Bank of New York Mellon Corp 0.07% of their portfolio NEW YORK, NY 2,000,7312.0m $308.1m $308.1m 0.07% Reduced -40.4k -40,380
17 HighTower Advisors, LLC 0.66% of their portfolio CHICAGO, IL 1,959,2322.0m $301.7m $301.7m 0.66% Reduced -104.2k -104,158
18 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 1,872,4341.9m $288.4m $288.4m 0.14% Added +46.6k +46,639
19 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio Toronto, A6 1,750,9951.8m $269.7m $269.7m 0.15% Added +268.2k +268,204
20 TRUIST FINANCIAL CORP 0.45% of their portfolio CHARLOTTE, NC 1,689,5961.7m $260.2m $260.2m 0.45% Reduced -21.5k -21,512
21 SIGNATUREFD, LLC 7.08% of their portfolio ATLANTA, GA 1,683,0081.7m $259.2m $259.2m 7.08% Added +2.6k +2,649
22 OSAIC HOLDINGS, INC. 0.46% of their portfolio SCOTTSDALE, AZ 1,587,5711.6m $244.6m $244.6m 0.46% Added +6.8k +6,825
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio SAN FRANCISCO, CA 1,504,3111.5m $231.7m $231.7m 0.07% Reduced -427.7k -427,651
24 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 1,395,4501.4m $214.9m $214.9m 0.03% Added +496.8k +496,791
25 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.28% of their portfolio MILWAUKEE, WI 1,317,7891.3m $203.0m $203.0m 0.28% Added +106.0k +106,046
26 Mariner, LLC 0.59% of their portfolio Overland Park, KS 1,316,7681.3m $202.8m $202.8m 0.59% Reduced -28.3k -28,305
27 Corient Private Wealth LP 0.46% of their portfolio MIAMI, FL 1,122,7621.1m $172.9m $172.9m 0.46% Added +79.5k +79,528
28 CAPTRUST FINANCIAL ADVISORS 0.75% of their portfolio RALEIGH, NC 1,105,2671.1m $170.2m $170.2m 0.75% Reduced -60.3k -60,339
29 Modera Wealth Management, LLC 6.31% of their portfolio WESTWOOD, NJ 1,055,4281.1m $162.5m $162.5m 6.31% Added +32.1k +32,087
30 BROWN ADVISORY INC 0.27% of their portfolio BALTIMORE, MD 1,028,6431.0m $158.4m $158.4m 0.27% Reduced -457.6k -457,628
31 Joel Isaacson & Co., LLC 11.01% of their portfolio NEW YORK, NY 994,458994.5k $153.2m $153.2m 11.01% Added +24.4k +24,385
32 COLONY GROUP LLC 2.24% of their portfolio Boston, MA 980,399980.4k $151.0m $151.0m 2.24% Reduced -88.8k -88,832
33 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 968,871968.9k $149.3m $149.3m 0.06% Added +22.3k +22,290
34 ASPIRIANT, LLC 7.71% of their portfolio San Francisco, CA 955,883955.9k $147.2m $147.2m 7.71% Reduced -27.8k -27,774
35 MONEY CONCEPTS CAPITAL CORP 0.56% of their portfolio PALM BEACH GARDENS, FL 878,149878.1k $10.0m $10.0m 0.56% Added +807.7k +807,703
36 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 845,224845.2k $130.2m $130.2m 0.19% Added +29.3k +29,293
37 Cambridge Investment Research Advisors, Inc. 0.62% of their portfolio FAIRFIELD, IA 823,264823.3k $126.8m $126.8m 0.62% Reduced -198.0k -197,959
38 Creative Planning 0.17% of their portfolio OVERLAND PARK, KS 756,121756.1k $116.5m $116.5m 0.17% Added +13.0k +13,048
39 LINCOLN NATIONAL CORP 2.34% of their portfolio RADNOR, PA 722,742722.7k $111.3m $111.3m 2.34% Added +9.2k +9,215
40 Stokes Family Office, LLC 13.06% of their portfolio NEW ORLEANS, LA 680,733680.7k $104.8m $104.8m 13.06% Added +159.7k +159,723
41 FIFTH THIRD BANCORP 0.49% of their portfolio CINCINNATI, OH 677,709677.7k $104.4m $104.4m 0.49% Reduced -3.9k -3,865
42 BLAIR WILLIAM & CO/IL 0.40% of their portfolio CHICAGO, IL 655,693655.7k $101.0m $101.0m 0.40% Reduced -14.2k -14,232
43 Retirement Planning Group, LLC 10.70% of their portfolio LEAWOOD, KS 652,150652.1k $100.4m $100.4m 10.70% Added +16.5k +16,492
44 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 611,018611.0k $94.1m $94.1m 0.03% Reduced -11.1k -11,127
45 GLENMEDE TRUST CO NA 0.52% of their portfolio PHILADELPHIA, PA 599,049599.0k $92.3m $92.3m 0.52% Reduced -10.2k -10,184
46 Northeast Financial Consultants Inc 5.67% of their portfolio WESTPORT, CT 575,689575.7k $88.7m $88.7m 5.67% Reduced -17.3k -17,348
47 Janney Montgomery Scott LLC 0.34% of their portfolio PHILADELPHIA, PA 542,662542.7k $83.6m $83.6m 0.34% Reduced -41.9k -41,879
48 Performance Wealth Partners, LLC 4.22% of their portfolio HINSDALE, IL 534,686534.7k $82.3m $82.3m 4.22% Added +21.8k +21,782
49 Private Advisor Group, LLC 0.74% of their portfolio MORRISTOWN, NJ 502,892502.9k $77.5m $77.5m 0.74% Added +14.0k +14,009
50 Annex Advisory Services, LLC 3.99% of their portfolio BROOKFIELD, WI 483,517483.5k $74.5m $74.5m 3.99% Added +10.5k +10,504
51 MAI Capital Management 1.14% of their portfolio INDEPENDENCE, OH 466,759466.8k $71.9m $71.9m 1.14% Reduced -8.9k -8,946
52 Baird Financial Group, Inc. 0.18% of their portfolio MILWAUKEE, WI 463,259463.3k $71.3m $71.3m 0.18% Added +18.4k +18,374
53 Berkshire Money Management, Inc. 10.23% of their portfolio DALTON, MA 438,255438.3k $67.5m $67.5m 10.23% Reduced -34.3k -34,312
54 FMR LLC 0.00% of their portfolio BOSTON, MA 422,346422.3k $65.0m $65.0m 0.00% Added +218.6k +218,616
55 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 416,214416.2k $64.1m $64.1m 0.03% Added +13.9k +13,879
56 SYNOVUS FINANCIAL CORP 0.70% of their portfolio Columbus, GA 405,730405.7k $62.5m $62.5m 0.70% Reduced -26.0k -26,020
57 MERCER GLOBAL ADVISORS INC /ADV 0.28% of their portfolio DENVER, CO 405,543405.5k $62.5m $62.5m 0.28% Reduced -62.3k -62,305
58 RATIONAL ADVISORS, INC. 5.09% of their portfolio San Juan, PR 405,046405.0k $62.4m $62.4m 5.09% Reduced -17.1k -17,079
59 MML INVESTORS SERVICES, LLC 0.44% of their portfolio SPRINGFIELD, MA 400,714400.7k $61.7m $61.7m 0.44% Reduced -66.3k -66,321
60 Atria Wealth Solutions, Inc. 0.91% of their portfolio NEW YORK, NY 397,282397.3k $61.2m $61.2m 0.91% Reduced -11.8k -11,803
61 DAVENPORT & Co LLC 0.47% of their portfolio RICHMOND, VA 386,872386.9k $59.6m $59.6m 0.47% Added +30.3k +30,265
62 Waverly Advisors, LLC 3.04% of their portfolio BIRMINGHAM, AL 378,629378.6k $58.3m $58.3m 3.04% Added +51.1k +51,054
63 Cerity Partners LLC 0.15% of their portfolio NEW YORK, NY 376,135376.1k $57.9m $57.9m 0.15% Added +76.4k +76,430
64 JONES FINANCIAL COMPANIES LLLP 0.10% of their portfolio DES PERES, MO 375,782375.8k $57.9m $57.9m 0.10% Added +7.5k +7,506
65 PARK AVENUE SECURITIES LLC 0.95% of their portfolio NEW YORK, NY 359,460359.5k $55.4m $55.4m 0.95% Added +25.5k +25,522
66 Hubbell Strickland Wealth Management, LLC 33.16% of their portfolio NEW ORLEANS, LA 354,651354.7k $54.6m $54.6m 33.16% Reduced -4.7k -4,678
67 Systematic Alpha Investments, LLC 2.86% of their portfolio PRINCETON, NJ 353,000353.0k $54.4m $54.4m 2.86% Unchanged
68 Paragon Capital Management Ltd 12.29% of their portfolio DENVER, CO 348,835348.8k $53.7m $53.7m 12.29% Added +516 +516
69 Kestra Advisory Services, LLC 0.58% of their portfolio AUSTIN, TX 347,504347.5k $53.5m $53.5m 0.58% Reduced -26.7k -26,730
70 VPR Management LLC 10.82% of their portfolio HOUSTON, TX 337,085337.1k $51.9m $51.9m 10.82% Unchanged
71 Nicholas Hoffman & Company, LLC. 4.54% of their portfolio ATLANTA, GA 327,918327.9k $50.5m $50.5m 4.54% Added +4.9k +4,949
72 TD PRIVATE CLIENT WEALTH LLC 2.19% of their portfolio NEW YORK, NY 317,553317.6k $48.9m $48.9m 2.19% Added +16.0k +16,033
73 Cetera Advisor Networks LLC 0.34% of their portfolio EL SEGUNDO, CA 302,738302.7k $46.6m $46.6m 0.34% Added +25.4k +25,431
74 Cresset Asset Management, LLC 0.93% of their portfolio Chicago, IL 301,641301.6k $46.5m $46.5m 0.93% Reduced -60.8k -60,811
75 360 Financial, Inc. 24.41% of their portfolio WAYZATA, MN 300,196300.2k $46.2m $46.2m 24.41% Reduced -64.2k -64,194
76 Beacon Pointe Advisors, LLC 0.77% of their portfolio NEWPORT BEACH, CA 292,333292.3k $45.0m $45.0m 0.77% Added +5.1k +5,129
77 Bard Financial Services, Inc. 3.59% of their portfolio BRANFORD, CT 291,395291.4k $44.9m $44.9m 3.59% Added +906 +906
78 NewEdge Advisors, LLC 0.56% of their portfolio NEW ORLEANS, LA 289,469289.5k $44.6m $44.6m 0.56% Added +24.2k +24,168
79 IEQ CAPITAL, LLC 1.02% of their portfolio Foster City, CA 284,523284.5k $43.8m $43.8m 1.02% Added +5.0k +5,022
80 D.A. DAVIDSON & CO. 0.49% of their portfolio GREAT FALLS, MT 281,210281.2k $43.3m $43.3m 0.49% Added +13.5k +13,451
81 MJP ASSOCIATES INC /ADV 13.23% of their portfolio FARMINGTON, CT 278,842278.8k $42.9m $42.9m 13.23% Added +43.6k +43,613
82 Evensky & Katz LLC 3.34% of their portfolio CORAL GABLES, FL 268,464268.5k $41.3m $41.3m 3.34% Added +17.2k +17,234
83 Principle Wealth Partners LLC 4.30% of their portfolio MADISON, CT 261,127261.1k $40.2m $40.2m 4.30% Reduced -61.9k -61,863
84 Resonant Capital Advisors, LLC 4.55% of their portfolio Madison, WI 260,151260.2k $40.1m $40.1m 4.55% Added +10.7k +10,680
85 Klaas Financial Asset Advisors, LLC 9.17% of their portfolio LOVES PARK, IL 257,485257.5k $39.7m $39.7m 9.17% Added +9.1k +9,102
86 Arete Wealth Advisors, LLC 3.20% of their portfolio CHICAGO, IL 255,619255.6k $39.4m $39.4m 3.20% Added +20.8k +20,832
87 Apollon Wealth Management, LLC 2.40% of their portfolio MOUNT PLEASANT, SC 254,412254.4k $39.2m $39.2m 2.40% Added +246.6k +246,595
88 PLANNING ALTERNATIVES LTD /ADV 7.61% of their portfolio BIRMINGHAM, MI 254,116254.1k $39.1m $39.1m 7.61% Added +569 +569
89 Haverford Trust Co 0.46% of their portfolio Radnor, PA 251,641251.6k $38.8m $38.8m 0.46% Reduced -9.8k -9,831
90 Mosaic Advisors LLC 31.00% of their portfolio HOUSTON, TX 247,237247.2k $38.1m $38.1m 31.00% Reduced -847 -847
91 American Financial Advisors, LLC 6.20% of their portfolio Marietta, GA 247,074247.1k $38.1m $38.1m 6.20% Reduced -3.1k -3,119
92 Valence8 US LP 22.08% of their portfolio Cambridge, MA 243,984244.0k $37.6m $37.6m 22.08% Added +32.3k +32,333
93 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 242,689242.7k $37.4m $37.4m 0.06% Reduced -6.2k -6,162
94 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 239,988240.0k $37.0m $37.0m 0.03% Reduced -2.3k -2,256
95 New England Private Wealth Advisors LLC 7.33% of their portfolio WELLESLEY, MA 234,200234.2k $36.1m $36.1m 7.33% Reduced -9.0k -8,975
96 Wealth Architects, LLC 6.36% of their portfolio MOUNTAIN VIEW, CA 233,317233.3k $35.9m $35.9m 6.36% Added +6.8k +6,842
97 JNBA Financial Advisors 4.66% of their portfolio BLOOMINGTON, MN 232,715232.7k $35.8m $35.8m 4.66% Reduced -944 -944
98 E&G Advisors, LLC 13.27% of their portfolio HOUSTON, TX 232,478232.5k $35.8m $35.8m 13.27% Reduced -4.9k -4,926
99 ProVise Management Group, LLC 3.42% of their portfolio CLEARWATER, FL 232,310232.3k $35.8m $35.8m 3.42% Reduced -33.4k -33,386
100 Transparent Wealth Partners LLC 26.02% of their portfolio LITTLE ROCK, AR 231,183231.2k $35.6m $35.6m 26.02% Added +2.5k +2,476