Vault-13

VANGUARD SPECIALIZED FUNDS VIG

DIV APP ETF · ETP · CUSIP 921908844

1,830 institutional holders +30 vs Q2 2023
181,186,960181.2m shares reported held*
$28.2bnreported value*
84 new 762 added 639 reduced 67 sold out net sold ≈ $222.1m (-1.3m 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 ($147.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $155.45. Options: 6 managers hold calls ($54.3m notional), 8 hold puts ($26.8m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,649Q4 22: 1,796Q1 23: 1,785Q2 23: 1,800Q3 23: 1,8301,830Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 20221,649
Q4 20221,796
Q1 20231,785
Q2 20231,800
Q3 20231,830

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 23Q3 23: 846 bought or addedQ3 23: 706 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022792654
Q1 2023764779
Q2 2023644806
Q3 2023846706

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ4 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 0.28Q3 23 calls: $54.3mQ3 23 puts: $26.8mQ3 23P/C 0.49
Numbers
QuarterCallsPutsP/C
Q4 2022$61.2m$11.9m0.19
Q1 2023$77.6m$24.2m0.31
Q2 2023$99.0m$27.4m0.28
Q3 2023$54.3m$26.8m0.49

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +534,638+534.6k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +531,311+531.3k
MAI Capital Management Added +233,283+233.3k
OSAIC HOLDINGS, INC. Added +213,721+213.7k
Strategic Investment Solutions, Inc. /IL Added +204,751+204.8k
Creative Planning Added +192,408+192.4k
MORGAN STANLEY Added +190,258+190.3k
VANGUARD GROUP INC Added +171,161+171.2k
AMERIPRISE FINANCIAL INC Added +144,633+144.6k
Bank of New York Mellon Corp Added +141,426+141.4k

Biggest sellers

CITIGROUP INC Reduced -2,762,776-2.8m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -533,900-533.9k
Raymond James Financial Services Advisors, Inc. Reduced -347,827-347.8k
Bard Financial Services, Inc. Sold out -289,945-289.9k
J.P. Morgan Private Wealth Advisors LLC Reduced -282,895-282.9k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -230,391-230.4k
American Trust Reduced -202,934-202.9k
Apollon Wealth Management, LLC Reduced -168,316-168.3k
CreativeOne Wealth, LLC Reduced -124,245-124.2k
Corient Private Wealth LP Reduced -118,638-118.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $37.9m244.0k shares
WOLVERINE TRADING, LLC Added $9.0m57.8k shares
CITADEL ADVISORS LLC Reduced $6.8m43.5k shares
Belvedere Trading LLC Reduced $512.8k3.3k shares
Walleye Trading LLC Reduced $139.8k900 shares
Cutler Group LLC / CA Reduced $25.0k38.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $19.5m125.4k shares
WOLVERINE TRADING, LLC Added $3.5m22.6k shares
CITADEL ADVISORS LLC Added $1.6m10.5k shares
Walleye Trading LLC Unchanged $1.0m6.7k shares
BANK OF AMERICA CORP /DE/ Unchanged $823.5k5.3k shares
UBS Group AG New $264.1k1.7k shares
WELLS FARGO & COMPANY/MN Reduced $15.5k100 shares
Cutler Group LLC / CA Added $15.0k5.0k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.44% of their portfolio CHARLOTTE, NC 23,051,04623.1m $3.6bn $3.6bn 0.44% Added +534.6k +534,638
2 MORGAN STANLEY 0.18% of their portfolio NEW YORK, NY 11,325,38611.3m $1.8bn $1.8bn 0.18% Added +190.3k +190,258
3 WELLS FARGO & COMPANY/MN 0.50% of their portfolio SAN FRANCISCO, CA 10,355,03610.4m $1.6bn $1.6bn 0.50% Reduced -37.0k -37,038
4 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 7,866,1597.9m $1.2bn $1.2bn 0.03% Added +171.2k +171,161
5 Wealthfront Advisers LLC 4.19% of their portfolio Palo Alto, CA 6,258,1136.3m $972.4m $972.4m 4.19% Reduced -105.2k -105,203
6 UBS Group AG 0.44% of their portfolio ZURICH, V8 6,193,3466.2m $962.3m $962.3m 0.44% Added +8.1k +8,076
7 LPL Financial LLC 0.57% of their portfolio FORT MILL, SC 5,199,3935.2m $807.9m $807.9m 0.57% Added +134.8k +134,815
8 ROYAL BANK OF CANADA 0.16% of their portfolio TORONTO, A6 3,606,4813.6m $560.4m $560.4m 0.16% Reduced -8.6k -8,621
9 HB Wealth Management, LLC 9.01% of their portfolio Atlanta, GA 3,592,8533.6m $558.3m $558.3m 9.01% Added +27.9k +27,851
10 COMMONWEALTH EQUITY SERVICES, LLC 0.85% of their portfolio WALTHAM, MA 2,654,7442.7m $412.5m $412.5m 0.85% Added +62.2k +62,212
11 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 2,489,8792.5m $386.9m $386.9m 0.13% Added +144.6k +144,633
12 RAYMOND JAMES & ASSOCIATES 0.28% of their portfolio ST PETERSBURG, FL 2,139,0192.1m $332.4m $332.4m 0.28% Added +52.0k +51,992
13 Bank of New York Mellon Corp 0.07% of their portfolio NEW YORK, NY 2,138,6142.1m $332.3m $332.3m 0.07% Added +141.4k +141,426
14 HighTower Advisors, LLC 0.59% of their portfolio CHICAGO, IL 2,020,4162.0m $314.0m $314.0m 0.59% Added +61.4k +61,371
15 J.P. Morgan Private Wealth Advisors LLC 0.87% of their portfolio SAN FRANCISCO, CA 1,952,9102.0m $303.4m $303.4m 0.87% Reduced -282.9k -282,895
16 Raymond James Financial Services Advisors, Inc. 0.55% of their portfolio ST. PETERSBURG, FL 1,945,2631.9m $302.3m $302.3m 0.55% Reduced -347.8k -347,827
17 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 1,867,9011.9m $290.2m $290.2m 0.13% Reduced -51.9k -51,926
18 OSAIC HOLDINGS, INC. 0.41% of their portfolio SCOTTSDALE, AZ 1,803,7051.8m $280.3m $280.3m 0.41% Added +213.7k +213,721
19 SIGNATUREFD, LLC 7.24% of their portfolio ATLANTA, GA 1,790,0541.8m $278.1m $278.1m 7.24% Added +64.3k +64,262
20 TRUIST FINANCIAL CORP 0.44% of their portfolio CHARLOTTE, NC 1,680,4541.7m $261.1m $261.1m 0.44% Reduced -8.8k -8,751
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.30% of their portfolio MILWAUKEE, WI 1,480,3581.5m $230.0m $230.0m 0.30% Added +55.1k +55,066
22 Mariner, LLC 0.55% of their portfolio Overland Park, KS 1,328,5591.3m $206.4m $206.4m 0.55% Added +33.9k +33,866
23 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.11% of their portfolio Toronto, A6 1,190,8501.2m $185.0m $185.0m 0.11% Reduced -230.4k -230,391
24 Modera Wealth Management, LLC 3.26% of their portfolio WESTWOOD, NJ 1,111,6901.1m $172.7m $172.7m 3.26% Added +23.4k +23,391
25 CAPTRUST FINANCIAL ADVISORS 0.63% of their portfolio RALEIGH, NC 1,055,2181.1m $164.0m $164.0m 0.63% Added +9.6k +9,604
26 Joel Isaacson & Co., LLC 11.04% of their portfolio NEW YORK, NY 1,038,1711.0m $161.3m $161.3m 11.04% Added +24.8k +24,820
27 Corient Private Wealth LP 0.36% of their portfolio MIAMI, FL 1,019,2401.0m $158.4m $158.4m 0.36% Reduced -118.6k -118,638
28 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 993,983994.0k $154.4m $154.4m 0.02% Added +65.8k +65,850
29 Creative Planning 0.20% of their portfolio OVERLAND PARK, KS 971,389971.4k $150.9m $150.9m 0.20% Added +192.4k +192,408
30 STIFEL FINANCIAL CORP 0.21% of their portfolio ST. LOUIS, MO 970,792970.8k $150.8m $150.8m 0.21% Added +71.3k +71,323
31 ASPIRIANT, LLC 7.56% of their portfolio San Francisco, CA 950,052950.1k $147.6m $147.6m 7.56% Reduced -1.1k -1,050
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 947,161947.2k $147.1m $147.1m 0.04% Reduced -533.9k -533,900
33 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 942,627942.6k $152.0m $152.0m 0.06% Reduced -9.6k -9,581
34 BROWN ADVISORY INC 0.23% of their portfolio BALTIMORE, MD 903,091903.1k $140.3m $140.3m 0.23% Reduced -7.2k -7,162
35 Cambridge Investment Research Advisors, Inc. 0.64% of their portfolio FAIRFIELD, IA 888,627888.6k $138.1m $138.1m 0.64% Added +20.4k +20,413
36 COLONY GROUP LLC 1.99% of their portfolio Boston, MA 854,648854.6k $132.8m $132.8m 1.99% Reduced -11.4k -11,360
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.39% of their portfolio PLYMOUTH, MN 761,954762.0k $118.4m $118.4m 0.39% Added +531.3k +531,311
38 LINCOLN NATIONAL CORP 2.33% of their portfolio RADNOR, PA 743,568743.6k $115.5m $115.5m 2.33% Added +21.2k +21,243
39 BLAIR WILLIAM & CO/IL 0.42% of their portfolio CHICAGO, IL 705,919705.9k $109.7m $109.7m 0.42% Added +38.0k +38,002
40 MAI Capital Management 1.64% of their portfolio INDEPENDENCE, OH 703,643703.6k $109.3m $109.3m 1.64% Added +233.3k +233,283
41 Retirement Planning Group, LLC 10.98% of their portfolio LEAWOOD, KS 665,777665.8k $103.4m $103.4m 10.98% Added +2.7k +2,663
42 FIFTH THIRD BANCORP 0.48% of their portfolio CINCINNATI, OH 664,701664.7k $103.3m $103.3m 0.48% Reduced -13.2k -13,220
43 Nicholas Hoffman & Company, LLC. 7.38% of their portfolio ATLANTA, GA 643,682643.7k $100.0m $100.0m 7.38% Added +112.5k +112,527
44 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 631,855631.9k $98.2m $98.2m 0.02% Added +45.7k +45,737
45 Baird Financial Group, Inc. 0.26% of their portfolio MILWAUKEE, WI 601,696601.7k $93.5m $93.5m 0.26% Added +77.1k +77,055
46 Stokes Family Office, LLC 10.97% of their portfolio NEW ORLEANS, LA 601,628601.6k $93.5m $93.5m 10.97% Reduced -73.0k -73,003
47 GLENMEDE TRUST CO NA 0.53% of their portfolio PHILADELPHIA, PA 594,808594.8k $92.4m $92.4m 0.53% Reduced -4.2k -4,241
48 Northeast Financial Consultants Inc 5.76% of their portfolio WESTPORT, CT 591,372591.4k $91.9m $91.9m 5.76% Added +17.0k +17,025
49 Janney Montgomery Scott LLC 0.32% of their portfolio PHILADELPHIA, PA 555,723555.7k $86.3m $86.3m 0.32% Added +22.1k +22,120
50 Rockefeller Capital Management L.P. 0.33% of their portfolio NEW YORK, NY 551,367551.4k $85.7m $85.7m 0.33% Added +27.5k +27,534
51 Performance Wealth Partners, LLC 4.14% of their portfolio HINSDALE, IL 547,673547.7k $85.1m $85.1m 4.14% Added +5.9k +5,854
52 Private Advisor Group, LLC 0.75% of their portfolio MORRISTOWN, NJ 541,538541.5k $84.1m $84.1m 0.75% Added +18.0k +17,961
53 Annex Advisory Services, LLC 4.74% of their portfolio BROOKFIELD, WI 504,102504.1k $78.3m $78.3m 4.74% Reduced -2.5k -2,528
54 Cerity Partners LLC 0.38% of their portfolio NEW YORK, NY 503,333503.3k $78.2m $78.2m 0.38% Added +116.0k +116,037
55 DAVENPORT & Co LLC 0.59% of their portfolio RICHMOND, VA 495,695495.7k $77.0m $77.0m 0.59% Added +30.8k +30,847
56 Waverly Advisors, LLC 3.35% of their portfolio BIRMINGHAM, AL 493,490493.5k $76.7m $76.7m 3.35% Added +25.1k +25,086
57 MML INVESTORS SERVICES, LLC 0.40% of their portfolio SPRINGFIELD, MA 461,803461.8k $71.8m $71.8m 0.40% Added +20.2k +20,161
58 FRANKLIN RESOURCES INC 0.04% of their portfolio San Mateo, CA 454,784454.8k $70.7m $70.7m 0.04% Added +15.9k +15,899
59 Cresset Asset Management, LLC 0.49% of their portfolio Chicago, IL 448,826448.8k $70.1m $70.1m 0.49% Added +5.1k +5,135
60 Cetera Advisor Networks LLC 0.42% of their portfolio EL SEGUNDO, CA 424,181424.2k $65.9m $65.9m 0.42% Added +77.8k +77,770
61 PARK AVENUE SECURITIES LLC 0.96% of their portfolio NEW YORK, NY 399,099399.1k $62.0m $62.0m 0.96% Added +4.3k +4,301
62 RATIONAL ADVISORS, INC. 5.48% of their portfolio San Juan, PR 389,860389.9k $60.6m $60.6m 5.48% Reduced -9.6k -9,593
63 JONES FINANCIAL COMPANIES LLLP 0.10% of their portfolio DES PERES, MO 384,505384.5k $59.7m $59.7m 0.10% Added +4.8k +4,763
64 SYNOVUS FINANCIAL CORP 0.67% of their portfolio Columbus, GA 375,912375.9k $58.4m $58.4m 0.67% Reduced -13.6k -13,620
65 Atria Wealth Solutions, Inc. 0.82% of their portfolio NEW YORK, NY 374,584374.6k $58.3m $58.3m 0.82% Added +2.2k +2,221
66 MERCER GLOBAL ADVISORS INC /ADV 0.22% of their portfolio DENVER, CO 368,941368.9k $57.3m $57.3m 0.22% Reduced -8.5k -8,488
67 Hubbell Strickland Wealth Management, LLC 33.12% of their portfolio NEW ORLEANS, LA 356,040356.0k $55.3m $55.3m 33.12% Added +2.7k +2,672
68 Systematic Alpha Investments, LLC 2.73% of their portfolio PRINCETON, NJ 353,000353.0k $54.8m $54.8m 2.73% Unchanged
69 Berkshire Money Management, Inc. 8.25% of their portfolio DALTON, MA 350,478350.5k $54.5m $54.5m 8.25% Reduced -97.8k -97,841
70 Provenance Wealth Advisors, LLC 8.77% of their portfolio FORT LAUDERDALE, FL 349,420349.4k $54.3m $54.3m 8.77% First filing
71 TD PRIVATE CLIENT WEALTH LLC 2.34% of their portfolio NEW YORK, NY 348,618348.6k $54.2m $54.2m 2.34% Added +27.2k +27,185
72 Paragon Capital Management Ltd 12.12% of their portfolio DENVER, CO 346,757346.8k $53.9m $53.9m 12.12% Added +7.9k +7,928
73 Beacon Pointe Advisors, LLC 0.67% of their portfolio NEWPORT BEACH, CA 343,898343.9k $53.4m $53.4m 0.67% Added +45.7k +45,651
74 Kestra Advisory Services, LLC 0.50% of their portfolio AUSTIN, TX 327,970328.0k $51.0m $51.0m 0.50% Reduced -5.9k -5,900
75 360 Financial, Inc. 29.13% of their portfolio WAYZATA, MN 302,289302.3k $46.8m $46.8m 29.13% Added +2.9k +2,854
76 IEQ CAPITAL, LLC 0.95% of their portfolio Foster City, CA 300,828300.8k $46.7m $46.7m 0.95% Reduced -4.9k -4,918
77 MJP ASSOCIATES INC /ADV 13.17% of their portfolio FARMINGTON, CT 289,862289.9k $45.0m $45.0m 13.17% Reduced -8.2k -8,172
78 Haverford Trust Co 0.52% of their portfolio Radnor, PA 272,783272.8k $42.4m $42.4m 0.52% Added +23.0k +22,997
79 Advisor OS, LLC 6.30% of their portfolio CHICAGO, IL 270,321270.3k $42.0m $42.0m 6.30% Added +37.1k +37,081
80 JNBA Financial Advisors 5.11% of their portfolio BLOOMINGTON, MN 263,391263.4k $40.9m $40.9m 5.11% Reduced -6.1k -6,061
81 D.A. DAVIDSON & CO. 0.44% of their portfolio GREAT FALLS, MT 261,867261.9k $40.7m $40.7m 0.44% Reduced -22.1k -22,129
82 Klaas Financial Asset Advisors, LLC 9.24% of their portfolio LOVES PARK, IL 261,289261.3k $40.8m $40.8m 9.24% Added +1.9k +1,891
83 Family Investment Center, Inc. 24.35% of their portfolio Saint Joseph, MO 259,500259.5k $40.3m $40.3m 24.35% Added +48.7k +48,734
84 Principle Wealth Partners LLC 4.03% of their portfolio MADISON, CT 258,273258.3k $40.1m $40.1m 4.03% Reduced -3.3k -3,256
85 VPR Management LLC 10.61% of their portfolio HOUSTON, TX 257,330257.3k $40.0m $40.0m 10.61% Unchanged
86 Brookstone Capital Management 0.88% of their portfolio WHEATON, IL 257,324257.3k $39.9m $39.9m 0.88% Added +34.9k +34,943
87 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 255,362255.4k $39.7m $39.7m 0.03% Added +3.6k +3,600
88 PLANNING ALTERNATIVES LTD /ADV 7.62% of their portfolio BIRMINGHAM, MI 252,941252.9k $39.3m $39.3m 7.62% Reduced -1.6k -1,578
89 Evensky & Katz LLC 3.31% of their portfolio CORAL GABLES, FL 249,505249.5k $38.8m $38.8m 3.31% Reduced -16.9k -16,852
90 PATHSTONE FAMILY OFFICE, LLC 0.30% of their portfolio ENGLEWOOD, NJ 248,418248.4k $38.6m $38.6m 0.30% Added +25.9k +25,851
91 Advisory Alpha, LLC 1.94% of their portfolio HOLLAND, MI 242,988243.0k $37.8m $37.8m 1.94% Reduced -22.4k -22,378
92 Clearstead Advisors, LLC 1.07% of their portfolio CLEVELAND, OH 236,791236.8k $36.8m $36.8m 1.07% Added +119.3k +119,282
93 WMS Partners, LLC 2.89% of their portfolio TOWSON, MD 235,029235.0k $36.5m $36.5m 2.89% Added +15.9k +15,863
94 PDS Planning, Inc 4.72% of their portfolio DUBLIN, OH 234,947234.9k $36.5m $36.5m 4.72% Added +5.4k +5,391
95 Wealth Architects, LLC 6.21% of their portfolio MOUNTAIN VIEW, CA 234,866234.9k $36.5m $36.5m 6.21% Reduced -3.3k -3,319
96 Apollon Wealth Management, LLC 1.83% of their portfolio MOUNT PLEASANT, SC 234,302234.3k $36.4m $36.4m 1.83% Reduced -168.3k -168,316
97 Levy Wealth Management Group, LLC 11.22% of their portfolio PHILADELPHIA, PA 232,984233.0k $36.2m $36.2m 11.22% Added +2.0k +2,016
98 Baltimore-Washington Financial Advisors, Inc. 2.93% of their portfolio Columbia, MD 232,466232.5k $36.1m $36.1m 2.93% Added +8.2k +8,246
99 New England Private Wealth Advisors LLC 7.49% of their portfolio WELLESLEY, MA 231,173231.2k $35.9m $35.9m 7.49% Reduced -604 -604
100 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 230,143230.1k $35.8m $35.8m 0.06% Reduced -4.7k -4,696