Vault-13

VANGUARD SPECIALIZED FUNDS VIG

DIV APP ETF · ETP · CUSIP 921908844

1,800 institutional holders +15 vs Q1 2023
182,995,836183.0m shares reported held*
$29.7bnreported value*
75 new 569 added 740 reduced 66 sold out net bought ≈ $132.7m (-258.5k 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 ($101.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $162.52. Options: 8 managers hold calls ($99.0m notional), 8 hold puts ($27.4m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,649Q4 22: 1,796Q1 23: 1,785Q2 23: 1,8001,800Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,649
Q4 20221,796
Q1 20231,785
Q2 20231,800

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 23Q2 23: 644 bought or addedQ2 23: 806 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022792654
Q1 2023764779
Q2 2023644806

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 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 0.31Q2 23 calls: $99.0mQ2 23 puts: $27.4mQ2 23P/C 0.28
Numbers
QuarterCallsPutsP/C
Q3 2022$56.1m$15.5m0.28
Q4 2022$61.2m$11.9m0.19
Q1 2023$77.6m$24.2m0.31
Q2 2023$99.0m$27.4m0.28

Biggest buyers

Wealthfront Advisers LLC Added +639,097+639.1k
BANK OF AMERICA CORP /DE/ Added +494,102+494.1k
Nicholas Hoffman & Company, LLC. Added +203,237+203.2k
Advisor OS, LLC Added +172,122+172.1k
Advisory Alpha, LLC Added +168,589+168.6k
MORGAN STANLEY Added +163,623+163.6k
VANGUARD GROUP INC Added +150,879+150.9k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +150,294+150.3k
Apollon Wealth Management, LLC Added +148,206+148.2k
Prime Capital Investment Advisors, LLC Added +143,933+143.9k

Biggest sellers

J.P. Morgan Private Wealth Advisors LLC Reduced -842,196-842.2k
MONEY CONCEPTS CAPITAL CORP Reduced -819,926-819.9k
JPMORGAN CHASE & CO Reduced -467,317-467.3k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -329,754-329.8k
FMR LLC Reduced -206,923-206.9k
UBS Group AG Reduced -177,096-177.1k
CITIGROUP INC Reduced -170,017-170.0k
Arete Wealth Advisors, LLC Reduced -159,400-159.4k
COWA, LLC Sold out -124,044-124.0k
BROWN ADVISORY INC Reduced -118,390-118.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $66.8m411.1k shares
CITADEL ADVISORS LLC Reduced $15.4m94.7k shares
BANK OF AMERICA CORP /DE/ Unchanged $10.1m62.0k shares
WOLVERINE TRADING, LLC Reduced $3.2m20.0k shares
Walleye Trading LLC Added $2.2m13.8k shares
Belvedere Trading LLC Unchanged $552.3k3.4k shares
Parallax Volatility Advisers, L.P. Reduced $536.0k3.3k shares
Cutler Group LLC / CA Added $185.0k40.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $22.8m140.3k shares
WOLVERINE TRADING, LLC Added $1.2m7.6k shares
Walleye Trading LLC Reduced $1.1m6.7k shares
BANK OF AMERICA CORP /DE/ New $860.9k5.3k shares
CITADEL ADVISORS LLC Reduced $747.2k4.6k shares
IAMS WEALTH MANAGEMENT, LLC New $392.3k2.4k shares
WELLS FARGO & COMPANY/MN Added $292.4k1.8k shares
Cutler Group LLC / CA Reduced $1.0k2.8k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.43% of their portfolio CHARLOTTE, NC 22,516,40822.5m $3.7bn $3.7bn 0.43% Added +494.1k +494,102
2 MORGAN STANLEY 0.18% of their portfolio NEW YORK, NY 11,135,12811.1m $1.8bn $1.8bn 0.18% Added +163.6k +163,623
3 WELLS FARGO & COMPANY/MN 0.49% of their portfolio SAN FRANCISCO, CA 10,392,07410.4m $1.7bn $1.7bn 0.49% Reduced -71.4k -71,390
4 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 7,694,9987.7m $1.2bn $1.2bn 0.03% Added +150.9k +150,879
5 Wealthfront Advisers LLC 4.38% of their portfolio Palo Alto, CA 6,363,3166.4m $1.0bn $1.0bn 4.38% Added +639.1k +639,097
6 UBS Group AG 0.44% of their portfolio ZURICH, V8 6,185,2706.2m $1.0bn $1.0bn 0.44% Reduced -177.1k -177,096
7 LPL Financial LLC 0.59% of their portfolio FORT MILL, SC 5,064,5785.1m $822.6m $822.6m 0.59% Added +78.5k +78,465
8 ROYAL BANK OF CANADA 0.16% of their portfolio TORONTO, A6 3,615,1023.6m $587.2m $587.2m 0.16% Reduced -28.5k -28,496
9 HB Wealth Management, LLC 9.25% of their portfolio Atlanta, GA 3,565,0023.6m $579.1m $579.1m 9.25% Reduced -77.9k -77,857
10 CITIGROUP INC 0.61% of their portfolio NEW YORK, NY 2,939,3892.9m $477.4m $477.4m 0.61% Reduced -170.0k -170,017
11 COMMONWEALTH EQUITY SERVICES, LLC 0.86% of their portfolio WALTHAM, MA 2,592,5322.6m $421.1m $421.1m 0.86% Added +91.9k +91,913
12 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 2,345,2462.3m $380.9m $380.9m 0.12% Added +27.2k +27,249
13 Raymond James Financial Services Advisors, Inc. 0.66% of their portfolio ST. PETERSBURG, FL 2,293,0902.3m $372.5m $372.5m 0.66% Added +8.4k +8,394
14 J.P. Morgan Private Wealth Advisors LLC 1.89% of their portfolio SAN FRANCISCO, CA 2,235,8052.2m $363.2m $363.2m 1.89% Reduced -842.2k -842,196
15 RAYMOND JAMES & ASSOCIATES 0.28% of their portfolio ST PETERSBURG, FL 2,087,0272.1m $339.0m $339.0m 0.28% Reduced -60.4k -60,414
16 Bank of New York Mellon Corp 0.07% of their portfolio NEW YORK, NY 1,997,1882.0m $324.4m $324.4m 0.07% Reduced -3.5k -3,543
17 HighTower Advisors, LLC 0.63% of their portfolio CHICAGO, IL 1,959,0452.0m $318.1m $318.1m 0.63% Reduced -187 -187
18 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 1,919,8271.9m $311.8m $311.8m 0.14% Added +47.4k +47,393
19 SIGNATUREFD, LLC 7.16% of their portfolio ATLANTA, GA 1,725,7921.7m $280.3m $280.3m 7.16% Added +42.8k +42,784
20 TRUIST FINANCIAL CORP 0.46% of their portfolio CHARLOTTE, NC 1,689,2051.7m $274.4m $274.4m 0.46% Reduced -391 -391
21 OSAIC HOLDINGS, INC. 0.46% of their portfolio SCOTTSDALE, AZ 1,589,9841.6m $258.2m $258.2m 0.46% Added +2.4k +2,413
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio SAN FRANCISCO, CA 1,481,0611.5m $240.6m $240.6m 0.07% Reduced -23.2k -23,250
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.30% of their portfolio MILWAUKEE, WI 1,425,2921.4m $231.5m $231.5m 0.30% Added +107.5k +107,503
24 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.13% of their portfolio Toronto, A6 1,421,2411.4m $230.9m $230.9m 0.13% Reduced -329.8k -329,754
25 Mariner, LLC 0.56% of their portfolio Overland Park, KS 1,294,6931.3m $210.3m $210.3m 0.56% Reduced -22.1k -22,075
26 Corient Private Wealth LP 0.43% of their portfolio MIAMI, FL 1,137,8781.1m $185.0m $185.0m 0.43% Added +15.1k +15,116
27 Modera Wealth Management, LLC 3.21% of their portfolio WESTWOOD, NJ 1,088,2991.1m $176.8m $176.8m 3.21% Added +32.9k +32,871
28 CAPTRUST FINANCIAL ADVISORS 0.67% of their portfolio RALEIGH, NC 1,045,6141.0m $169.8m $169.8m 0.67% Reduced -59.7k -59,653
29 Joel Isaacson & Co., LLC 11.02% of their portfolio NEW YORK, NY 1,013,3511.0m $164.6m $164.6m 11.02% Added +18.9k +18,893
30 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 952,208952.2k $154.9m $154.9m 0.06% Reduced -16.7k -16,663
31 ASPIRIANT, LLC 7.81% of their portfolio San Francisco, CA 951,102951.1k $154.5m $154.5m 7.81% Reduced -4.8k -4,781
32 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 928,133928.1k $150.8m $150.8m 0.02% Reduced -467.3k -467,317
33 BROWN ADVISORY INC 0.23% of their portfolio BALTIMORE, MD 910,253910.3k $147.9m $147.9m 0.23% Reduced -118.4k -118,390
34 STIFEL FINANCIAL CORP 0.20% of their portfolio ST. LOUIS, MO 899,469899.5k $146.1m $146.1m 0.20% Added +54.2k +54,245
35 Cambridge Investment Research Advisors, Inc. 0.64% of their portfolio FAIRFIELD, IA 868,214868.2k $141.0m $141.0m 0.64% Added +45.0k +44,950
36 COLONY GROUP LLC 2.00% of their portfolio Boston, MA 866,008866.0k $140.7m $140.7m 2.00% Reduced -114.4k -114,391
37 Creative Planning 0.17% of their portfolio OVERLAND PARK, KS 778,981779.0k $126.5m $126.5m 0.17% Added +22.9k +22,860
38 LINCOLN NATIONAL CORP 2.32% of their portfolio RADNOR, PA 722,325722.3k $117.3m $117.3m 2.32% Reduced -417 -417
39 FIFTH THIRD BANCORP 0.49% of their portfolio CINCINNATI, OH 677,921677.9k $110.1m $110.1m 0.49% Added +212 +212
40 Stokes Family Office, LLC 12.66% of their portfolio NEW ORLEANS, LA 674,631674.6k $109.6m $109.6m 12.66% Reduced -6.1k -6,102
41 BLAIR WILLIAM & CO/IL 0.40% of their portfolio CHICAGO, IL 667,917667.9k $108.5m $108.5m 0.40% Added +12.2k +12,224
42 Retirement Planning Group, LLC 10.75% of their portfolio LEAWOOD, KS 663,114663.1k $107.7m $107.7m 10.75% Added +11.0k +10,964
43 GLENMEDE TRUST CO NA 0.52% of their portfolio PHILADELPHIA, PA 599,049599.0k $92.3m $92.3m 0.52% Unchanged
44 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 586,118586.1k $95.2m $95.2m 0.02% Reduced -24.9k -24,900
45 Northeast Financial Consultants Inc 5.73% of their portfolio WESTPORT, CT 574,347574.3k $93.3m $93.3m 5.73% Reduced -1.3k -1,342
46 Performance Wealth Partners, LLC 4.02% of their portfolio HINSDALE, IL 541,819541.8k $87.5m $87.5m 4.02% Added +7.1k +7,133
47 Janney Montgomery Scott LLC 0.30% of their portfolio PHILADELPHIA, PA 533,603533.6k $86.7m $86.7m 0.30% Reduced -9.1k -9,059
48 Nicholas Hoffman & Company, LLC. 3.37% of their portfolio ATLANTA, GA 531,155531.2k $86.3m $86.3m 3.37% Added +203.2k +203,237
49 Baird Financial Group, Inc. 0.22% of their portfolio MILWAUKEE, WI 524,641524.6k $85.2m $85.2m 0.22% Added +61.4k +61,382
50 Rockefeller Capital Management L.P. 0.33% of their portfolio NEW YORK, NY 523,833523.8k $85.1m $85.1m 0.33% First filing
51 Private Advisor Group, LLC 0.74% of their portfolio MORRISTOWN, NJ 523,577523.6k $85.3m $85.3m 0.74% Added +20.7k +20,685
52 Annex Advisory Services, LLC 4.57% of their portfolio BROOKFIELD, WI 506,630506.6k $82.3m $82.3m 4.57% Added +23.1k +23,113
53 MAI Capital Management 1.13% of their portfolio INDEPENDENCE, OH 470,360470.4k $76.4m $76.4m 1.13% Added +3.6k +3,601
54 Waverly Advisors, LLC 3.34% of their portfolio BIRMINGHAM, AL 468,404468.4k $76.1m $76.1m 3.34% Added +89.8k +89,775
55 DAVENPORT & Co LLC 0.56% of their portfolio RICHMOND, VA 464,848464.8k $75.5m $75.5m 0.56% Added +78.0k +77,976
56 Berkshire Money Management, Inc. 10.52% of their portfolio DALTON, MA 448,319448.3k $72.8m $72.8m 10.52% Added +10.1k +10,064
57 Cresset Asset Management, LLC 0.51% of their portfolio Chicago, IL 443,691443.7k $72.4m $72.4m 0.51% Added +142.1k +142,050
58 MML INVESTORS SERVICES, LLC 0.40% of their portfolio SPRINGFIELD, MA 441,642441.6k $71.7m $71.7m 0.40% Added +40.9k +40,928
59 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 438,885438.9k $71.3m $71.3m 0.03% Added +22.7k +22,671
60 Apollon Wealth Management, LLC 3.15% of their portfolio MOUNT PLEASANT, SC 402,618402.6k $65.4m $65.4m 3.15% Added +148.2k +148,206
61 RATIONAL ADVISORS, INC. 5.37% of their portfolio San Juan, PR 399,453399.5k $64.9m $64.9m 5.37% Reduced -5.6k -5,593
62 PARK AVENUE SECURITIES LLC 1.02% of their portfolio NEW YORK, NY 394,798394.8k $64.1m $64.1m 1.02% Added +35.3k +35,338
63 SYNOVUS FINANCIAL CORP 0.69% of their portfolio Columbus, GA 389,532389.5k $63.3m $63.3m 0.69% Reduced -16.2k -16,198
64 Cerity Partners LLC 0.25% of their portfolio NEW YORK, NY 387,296387.3k $62.9m $62.9m 0.25% Added +11.2k +11,161
65 JONES FINANCIAL COMPANIES LLLP 0.10% of their portfolio DES PERES, MO 379,742379.7k $61.7m $61.7m 0.10% Added +4.0k +3,960
66 MERCER GLOBAL ADVISORS INC /ADV 0.24% of their portfolio DENVER, CO 377,429377.4k $61.3m $61.3m 0.24% Reduced -28.1k -28,114
67 Atria Wealth Solutions, Inc. 0.83% of their portfolio NEW YORK, NY 372,363372.4k $60.6m $60.6m 0.83% Reduced -24.9k -24,919
68 Hubbell Strickland Wealth Management, LLC 33.24% of their portfolio NEW ORLEANS, LA 353,368353.4k $57.4m $57.4m 33.24% Reduced -1.3k -1,283
69 Systematic Alpha Investments, LLC 2.78% of their portfolio PRINCETON, NJ 353,000353.0k $57.3m $57.3m 2.78% Unchanged
70 Cetera Advisor Networks LLC 0.39% of their portfolio EL SEGUNDO, CA 346,411346.4k $56.3m $56.3m 0.39% Added +43.7k +43,673
71 Paragon Capital Management Ltd 11.92% of their portfolio DENVER, CO 338,829338.8k $55.0m $55.0m 11.92% Reduced -10.0k -10,006
72 Kestra Advisory Services, LLC 0.54% of their portfolio AUSTIN, TX 333,870333.9k $54.2m $54.2m 0.54% Reduced -13.6k -13,634
73 TD PRIVATE CLIENT WEALTH LLC 2.26% of their portfolio NEW YORK, NY 321,433321.4k $52.2m $52.2m 2.26% Added +3.9k +3,880
74 NewEdge Advisors, LLC 0.58% of their portfolio NEW ORLEANS, LA 314,159314.2k $51.0m $51.0m 0.58% Added +24.7k +24,690
75 IEQ CAPITAL, LLC 1.00% of their portfolio Foster City, CA 305,746305.7k $49.7m $49.7m 1.00% Added +21.2k +21,223
76 360 Financial, Inc. 25.16% of their portfolio WAYZATA, MN 299,435299.4k $48.6m $48.6m 25.16% Reduced -761 -761
77 Beacon Pointe Advisors, LLC 0.79% of their portfolio NEWPORT BEACH, CA 298,247298.2k $48.4m $48.4m 0.79% Added +5.9k +5,914
78 MJP ASSOCIATES INC /ADV 15.96% of their portfolio FARMINGTON, CT 298,034298.0k $48.4m $48.4m 15.96% Added +19.2k +19,192
79 Bard Financial Services, Inc. 3.57% of their portfolio BRANFORD, CT 289,945289.9k $47.1m $47.1m 3.57% Reduced -1.4k -1,450
80 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 285,942285.9k $46.4m $46.4m 0.03% Added +133.0k +132,971
81 D.A. DAVIDSON & CO. 0.49% of their portfolio GREAT FALLS, MT 283,996284.0k $46.1m $46.1m 0.49% Added +2.8k +2,786
82 JNBA Financial Advisors 5.25% of their portfolio BLOOMINGTON, MN 269,452269.5k $43.8m $43.8m 5.25% Added +36.7k +36,737
83 Evensky & Katz LLC 3.28% of their portfolio CORAL GABLES, FL 266,357266.4k $43.3m $43.3m 3.28% Reduced -2.1k -2,107
84 Advisory Alpha, LLC 2.21% of their portfolio HOLLAND, MI 265,366265.4k $43.1m $43.1m 2.21% Added +168.6k +168,589
85 Principle Wealth Partners LLC 4.27% of their portfolio MADISON, CT 261,529261.5k $42.5m $42.5m 4.27% Added +402 +402
86 Klaas Financial Asset Advisors, LLC 9.43% of their portfolio LOVES PARK, IL 259,398259.4k $42.3m $42.3m 9.43% Added +1.9k +1,913
87 VPR Management LLC 10.63% of their portfolio HOUSTON, TX 257,330257.3k $41.8m $41.8m 10.63% Reduced -79.8k -79,755
88 PLANNING ALTERNATIVES LTD /ADV 7.61% of their portfolio BIRMINGHAM, MI 254,519254.5k $41.3m $41.3m 7.61% Added +403 +403
89 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 251,762251.8k $40.9m $40.9m 0.03% Added +11.8k +11,774
90 Haverford Trust Co 0.46% of their portfolio Radnor, PA 249,786249.8k $40.6m $40.6m 0.46% Reduced -1.9k -1,855
91 Wealth Architects, LLC 6.38% of their portfolio MOUNTAIN VIEW, CA 238,185238.2k $38.7m $38.7m 6.38% Added +4.9k +4,868
92 Mosaic Advisors LLC 28.46% of their portfolio HOUSTON, TX 235,309235.3k $38.2m $38.2m 28.46% Reduced -11.9k -11,928
93 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 234,839234.8k $38.1m $38.1m 0.06% Reduced -7.8k -7,850
94 Advisor OS, LLC 6.20% of their portfolio CHICAGO, IL 233,240233.2k $37.9m $37.9m 6.20% Added +172.1k +172,122
95 New England Private Wealth Advisors LLC 7.61% of their portfolio WELLESLEY, MA 231,777231.8k $37.7m $37.7m 7.61% Reduced -2.4k -2,423
96 Avantax Planning Partners, Inc. 1.50% of their portfolio DUBUQUE, IA 231,699231.7k $37.6m $37.6m 1.50% Added +32.2k +32,181
97 Steward Partners Investment Advisory, LLC 0.56% of their portfolio STAMFORD, CT 231,617231.6k $37.6m $37.6m 0.56% Added +35.8k +35,834
98 Levy Wealth Management Group, LLC 11.11% of their portfolio PHILADELPHIA, PA 230,968231.0k $37.5m $37.5m 11.11% Added +4.3k +4,265
99 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.40% of their portfolio PLYMOUTH, MN 230,643230.6k $37.5m $37.5m 0.40% Added +150.3k +150,294
100 PDS Planning, Inc 4.77% of their portfolio DUBLIN, OH 229,556229.6k $37.3m $37.3m 4.77% Added +7.4k +7,411