Vault-13

VANGUARD SPECIALIZED FUNDS VIG

DIV APP ETF · ETP · CUSIP 921908844

2,062 institutional holders +21 vs Q1 2024
201,043,580201.0m shares reported held*
$35.1bnreported value*
88 new 700 added 787 reduced 72 sold out net sold ≈ $4.2bn (-14.1m 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 ($114.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $174.58. Options: 4 managers hold calls ($81.5m notional), 4 hold puts ($12.3m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,649Q4 22: 1,796Q1 23: 1,785Q2 23: 1,800Q3 23: 1,830Q4 23: 2,026Q1 24: 2,041Q2 24: 2,0622,062Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 20221,649
Q4 20221,796
Q1 20231,785
Q2 20231,800
Q3 20231,830
Q4 20232,026
Q1 20242,041
Q2 20242,062

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 outQ2 23: 644 bought or addedQ2 23: 806 cut or sold outQ2 23Q3 23: 846 bought or addedQ3 23: 706 cut or sold outQ4 23: 899 bought or addedQ4 23: 730 cut or sold outQ4 23Q1 24: 896 bought or addedQ1 24: 860 cut or sold outQ2 24: 788 bought or addedQ2 24: 859 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022792654
Q1 2023764779
Q2 2023644806
Q3 2023846706
Q4 2023899730
Q1 2024896860
Q2 2024788859

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 23 calls: $54.3mQ3 23 puts: $26.8mQ3 23P/C 0.49Q4 23 calls: $46.0mQ4 23 puts: $14.3mQ4 23P/C 0.31Q1 24 calls: $116.1mQ1 24 puts: $49.6mQ1 24P/C 0.43Q2 24 calls: $81.5mQ2 24 puts: $12.3mQ2 24P/C 0.15
Numbers
QuarterCallsPutsP/C
Q3 2023$54.3m$26.8m0.49
Q4 2023$46.0m$14.3m0.31
Q1 2024$116.1m$49.6m0.43
Q2 2024$81.5m$12.3m0.15

Biggest buyers

Strategic Financial Concepts, LLC Added +8,748,758+8.7m
Focus Partners Wealth Added +647,048+647.0k
VANGUARD GROUP INC Added +354,913+354.9k
HB Wealth Management, LLC Added +199,355+199.4k
OAK HILL WEALTH ADVISORS, LLC New +195,951+196.0k
LPL Financial LLC Added +178,692+178.7k
Kestra Advisory Services, LLC Added +176,491+176.5k
BANK OF AMERICA CORP /DE/ Added +173,966+174.0k
TWO SIGMA INVESTMENTS, LP New +131,003+131.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +129,297+129.3k

Biggest sellers

MORGAN STANLEY Reduced -23,431,832-23.4m
Annex Advisory Services, LLC Reduced -774,737-774.7k
WELLS FARGO & COMPANY/MN Reduced -378,761-378.8k
LINCOLN NATIONAL CORP Reduced -233,594-233.6k
Bank of New York Mellon Corp Reduced -206,531-206.5k
Wealthfront Advisers LLC Reduced -203,220-203.2k
EVOKE WEALTH, LLC Reduced -169,051-169.1k
Klaas Financial Asset Advisors, LLC Reduced -134,846-134.8k
D.A. DAVIDSON & CO. Reduced -92,484-92.5k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -85,504-85.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $66.7m365.2k shares
CITADEL ADVISORS LLC Reduced $10.1m55.5k shares
WOLVERINE TRADING, LLC Added $4.5m24.8k shares
Belvedere Trading LLC Reduced $127.8k700 shares

Biggest puts

WOLVERINE TRADING, LLC Reduced $5.1m28.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.2m22.9k shares
CITADEL ADVISORS LLC Added $2.9m15.7k shares
US BANCORP \DE\ New $77.4k272 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.38% of their portfolio CHARLOTTE, NC 21,657,10921.7m $4.0bn $4.0bn 0.38% Added +174.0k +173,966
2 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 11,937,45711.9m $2.2bn $2.2bn 0.17% Reduced -23.4m -23,431,832
3 WELLS FARGO & COMPANY/MN 0.48% of their portfolio SAN FRANCISCO, CA 10,182,44010.2m $1.9bn $1.9bn 0.48% Reduced -378.8k -378,761
4 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 8,990,2309.0m $1.6bn $1.6bn 0.03% Added +354.9k +354,913
5 Strategic Financial Concepts, LLC 0.34% of their portfolio SAN ANTONIO, TX 8,775,0348.8m $588.7k $588.7k 0.34% Added +8.7m +8,748,758
6 Wealthfront Advisers LLC 4.14% of their portfolio Palo Alto, CA 6,740,2596.7m $1.2bn $1.2bn 4.14% Reduced -203.2k -203,220
7 UBS Group AG 0.36% of their portfolio ZURICH, V8 6,448,2796.4m $1.2bn $1.2bn 0.36% Added +17.9k +17,925
8 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 6,344,0106.3m $1.2bn $1.2bn 0.05% Added +36.1k +36,056
9 LPL Financial LLC 0.50% of their portfolio FORT MILL, SC 5,493,8585.5m $1.0bn $1.0bn 0.50% Added +178.7k +178,692
10 HB Wealth Management, LLC 9.93% of their portfolio Atlanta, GA 4,658,5854.7m $850.4m $850.4m 9.93% Added +199.4k +199,355
11 ROYAL BANK OF CANADA 0.17% of their portfolio TORONTO, A6 3,751,6423.8m $684.9m $684.9m 0.17% Added +12.6k +12,618
12 RAYMOND JAMES & ASSOCIATES 0.42% of their portfolio ST PETERSBURG, FL 3,520,4923.5m $642.7m $642.7m 0.42% Reduced -17.2k -17,207
13 COMMONWEALTH EQUITY SERVICES, LLC 0.83% of their portfolio WALTHAM, MA 2,865,2982.9m $523.1m $523.1m 0.83% Added +57.9k +57,948
14 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 2,472,9002.5m $451.4m $451.4m 0.12% Added +64.0k +64,033
15 HighTower Advisors, LLC 0.61% of their portfolio CHICAGO, IL 2,171,5782.2m $396.4m $396.4m 0.61% Added +2.2k +2,202
16 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 2,062,0532.1m $376.4m $376.4m 0.13% Added +125.2k +125,155
17 SIGNATUREFD, LLC 7.06% of their portfolio ATLANTA, GA 1,902,7881.9m $347.4m $347.4m 7.06% Added +27.1k +27,150
18 Raymond James Financial Services Advisors, Inc. 0.49% of their portfolio ST. PETERSBURG, FL 1,895,4131.9m $346.0m $346.0m 0.49% Reduced -48.3k -48,284
19 Bank of New York Mellon Corp 0.06% of their portfolio NEW YORK, NY 1,747,5951.7m $319.0m $319.0m 0.06% Reduced -206.5k -206,531
20 OSAIC HOLDINGS, INC. 0.65% of their portfolio SCOTTSDALE, AZ 1,515,3961.5m $276.7m $276.7m 0.65% Added +84.4k +84,445
21 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.27% of their portfolio MILWAUKEE, WI 1,493,9721.5m $272.7m $272.7m 0.27% Reduced -49.5k -49,476
22 Modera Wealth Management, LLC 3.53% of their portfolio WESTWOOD, NJ 1,313,5891.3m $239.8m $239.8m 3.53% Added +43.3k +43,288
23 Focus Partners Wealth 0.80% of their portfolio ST LOUIS, MO 1,298,8661.3m $237.1m $237.1m 0.80% Added +647.0k +647,048
24 TRUST POINT INC. 18.53% of their portfolio LA CROSSE, WI 1,265,6611.3m $231.0m $231.0m 18.53% Reduced -18.0k -17,983
25 Mariner, LLC 0.45% of their portfolio Overland Park, KS 1,264,1791.3m $230.8m $230.8m 0.45% Added +11.5k +11,511
26 Joel Isaacson & Co., LLC 10.81% of their portfolio NEW YORK, NY 1,127,1081.1m $205.8m $205.8m 10.81% Added +25.9k +25,867
27 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.19% of their portfolio Toronto, A6 1,105,2601.1m $201.8m $201.8m 0.19% Reduced -85.5k -85,504
28 STIFEL FINANCIAL CORP 0.21% of their portfolio ST. LOUIS, MO 1,002,7081.0m $183.1m $183.1m 0.21% Reduced -2.1k -2,129
29 CAPTRUST FINANCIAL ADVISORS 0.58% of their portfolio RALEIGH, NC 994,122994.1k $181.5m $181.5m 0.58% Reduced -11.2k -11,195
30 TRUIST FINANCIAL CORP 0.28% of their portfolio CHARLOTTE, NC 990,676990.7k $180.8m $180.8m 0.28% Reduced -35.0k -34,992
31 ASPIRIANT, LLC 7.21% of their portfolio San Francisco, CA 968,716968.7k $176.8m $176.8m 7.21% Added +6.3k +6,312
32 Creative Planning 0.19% of their portfolio OVERLAND PARK, KS 964,414964.4k $176.1m $176.1m 0.19% Reduced -18.6k -18,550
33 Corient Private Wealth LP 0.31% of their portfolio MIAMI, FL 958,837958.8k $175.0m $175.0m 0.31% Added +21.9k +21,852
34 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.41% of their portfolio PLYMOUTH, MN 940,722940.7k $171.7m $171.7m 0.41% Added +129.3k +129,297
35 BROWN ADVISORY INC 0.21% of their portfolio BALTIMORE, MD 889,474889.5k $162.4m $162.4m 0.21% Added +10.4k +10,436
36 MAI Capital Management 1.59% of their portfolio INDEPENDENCE, OH 885,706885.7k $161.7m $161.7m 1.59% Added +19.2k +19,200
37 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 880,746880.7k $162.2m $162.2m 0.05% Reduced -4.5k -4,481
38 Cambridge Investment Research Advisors, Inc. 0.56% of their portfolio FAIRFIELD, IA 831,928831.9k $151.9m $151.9m 0.56% Added +1.6k +1,591
39 Cetera Investment Advisers 0.35% of their portfolio SCHAUMBURG, IL 825,157825.2k $150.6m $150.6m 0.35% Added +11.9k +11,864
40 Waverly Advisors, LLC 2.85% of their portfolio BIRMINGHAM, AL 796,369796.4k $145.4m $145.4m 2.85% Added +25.6k +25,566
41 Nicholas Hoffman & Company, LLC. 6.30% of their portfolio ATLANTA, GA 736,014736.0k $134.4m $134.4m 6.30% Added +3.6k +3,644
42 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 725,149725.1k $132.4m $132.4m 0.03% Added +21.4k +21,407
43 Retirement Planning Group, LLC 7.92% of their portfolio LEAWOOD, KS 682,508682.5k $124.6m $124.6m 7.92% Added +15.8k +15,807
44 Rockefeller Capital Management L.P. 0.35% of their portfolio NEW YORK, NY 678,354678.4k $123.8m $123.8m 0.35% Reduced -35.8k -35,761
45 Northeast Financial Consultants Inc 5.69% of their portfolio WESTPORT, CT 676,531676.5k $123.5m $123.5m 5.69% Added +21.3k +21,308
46 BLAIR WILLIAM & CO/IL 0.37% of their portfolio CHICAGO, IL 661,082661.1k $120.7m $120.7m 0.37% Reduced -13.0k -12,987
47 GLENMEDE TRUST CO NA 0.59% of their portfolio PHILADELPHIA, PA 641,007641.0k $117.0m $117.0m 0.59% Reduced -1.4k -1,370
48 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 632,505632.5k $115.5m $115.5m 0.02% Reduced -24.4k -24,435
49 Baird Financial Group, Inc. 0.23% of their portfolio MILWAUKEE, WI 613,032613.0k $111.9m $111.9m 0.23% Added +12.5k +12,458
50 FIFTH THIRD BANCORP 0.41% of their portfolio CINCINNATI, OH 589,381589.4k $107.6m $107.6m 0.41% Reduced -28.8k -28,837
51 Cerity Partners LLC 0.29% of their portfolio NEW YORK, NY 581,851581.9k $106.2m $106.2m 0.29% Added +34.8k +34,771
52 Private Advisor Group, LLC 0.70% of their portfolio MORRISTOWN, NJ 575,040575.0k $105.0m $105.0m 0.70% Added +18.7k +18,746
53 Cresset Asset Management, LLC 0.45% of their portfolio Chicago, IL 572,566572.6k $105.0m $105.0m 0.45% Added +72.3k +72,310
54 JONES FINANCIAL COMPANIES LLLP 0.12% of their portfolio DES PERES, MO 556,365556.4k $101.6m $101.6m 0.12% Added +125.8k +125,770
55 LINCOLN NATIONAL CORP 3.33% of their portfolio RADNOR, PA 539,731539.7k $98.5m $98.5m 3.33% Reduced -233.6k -233,594
56 Kestra Advisory Services, LLC 0.53% of their portfolio AUSTIN, TX 537,479537.5k $94.5m $94.5m 0.53% Added +176.5k +176,491
57 DAVENPORT & Co LLC 0.62% of their portfolio RICHMOND, VA 537,268537.3k $98.1m $98.1m 0.62% Added +32.8k +32,792
58 MML INVESTORS SERVICES, LLC 0.39% of their portfolio SPRINGFIELD, MA 533,127533.1k $97.3m $97.3m 0.39% Added +22.5k +22,463
59 Performance Wealth Partners, LLC 3.58% of their portfolio HINSDALE, IL 531,834531.8k $97.1m $97.1m 3.58% Reduced -11.9k -11,874
60 Stokes Family Office, LLC 11.13% of their portfolio NEW ORLEANS, LA 520,157520.2k $95.0m $95.0m 11.13% Reduced -14.2k -14,171
61 Janney Montgomery Scott LLC 0.29% of their portfolio PHILADELPHIA, PA 516,004516.0k $94.2m $94.2m 0.29% Reduced -17.5k -17,475
62 MERCER GLOBAL ADVISORS INC /ADV 0.20% of their portfolio DENVER, CO 508,325508.3k $74.6m $74.6m 0.20% Added +94.7k +94,679
63 Confluence Wealth Services, Inc. 7.35% of their portfolio MCMURRAY, PA 505,124505.1k $92.2m $92.2m 7.35% Added +30.7k +30,722
64 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 442,468442.5k $80.8m $80.8m 0.02% Added +3.3k +3,267
65 Sanctuary Advisors, LLC 0.54% of their portfolio INDIANAPOLIS, IN 418,531418.5k $74.0m $74.0m 0.54% First filing
66 TD PRIVATE CLIENT WEALTH LLC 2.40% of their portfolio NEW YORK, NY 418,383418.4k $76.4m $76.4m 2.40% Added +24.5k +24,464
67 Atria Wealth Solutions, Inc. 0.83% of their portfolio NEW YORK, NY 409,367409.4k $74.9m $74.9m 0.83% Reduced -8.8k -8,764
68 Haverford Trust Co 0.70% of their portfolio Radnor, PA 365,603365.6k $66.7m $66.7m 0.70% Added +29.2k +29,239
69 Brookstone Capital Management 1.14% of their portfolio WHEATON, IL 360,446360.4k $68.5m $68.5m 1.14% Added +55.5k +55,457
70 Hubbell Strickland Wealth Management, LLC 32.40% of their portfolio NEW ORLEANS, LA 353,664353.7k $64.6m $64.6m 32.40% Reduced -3.7k -3,704
71 Systematic Alpha Investments, LLC 2.46% of their portfolio PRINCETON, NJ 353,000353.0k $64.4m $64.4m 2.46% Unchanged
72 Paragon Capital Management Ltd 11.50% of their portfolio DENVER, CO 343,180343.2k $62.6m $62.6m 11.50% Reduced -2.7k -2,747
73 NewEdge Advisors, LLC 0.46% of their portfolio NEW ORLEANS, LA 342,482342.5k $62.5m $62.5m 0.46% Added +92.2k +92,250
74 Provenance Wealth Advisors, LLC 8.39% of their portfolio FORT LAUDERDALE, FL 328,554328.6k $60.0m $60.0m 8.39% Reduced -2.9k -2,942
75 PARK AVENUE SECURITIES LLC 0.71% of their portfolio NEW YORK, NY 316,181316.2k $57.7m $57.7m 0.71% Reduced -7.7k -7,732
76 FMR LLC 0.00% of their portfolio BOSTON, MA 310,566310.6k $56.7m $56.7m 0.00% Added +32.9k +32,911
77 Berkshire Money Management, Inc. 6.85% of their portfolio DALTON, MA 309,000309.0k $56.4m $56.4m 6.85% Added +2.0k +1,961
78 Steward Partners Investment Advisory, LLC 0.58% of their portfolio STAMFORD, CT 303,052303.1k $55.3m $55.3m 0.58% Added +14.3k +14,336
79 IEQ CAPITAL, LLC 0.74% of their portfolio Foster City, CA 301,341301.3k $55.0m $55.0m 0.74% Reduced -1.1k -1,099
80 WMS Partners, LLC 3.50% of their portfolio TOWSON, MD 299,657299.7k $54.7m $54.7m 3.50% Added +22.8k +22,774
81 360 Financial, Inc. 20.35% of their portfolio WAYZATA, MN 294,936294.9k $53.8m $53.8m 20.35% Reduced -21.0k -20,972
82 GLOBALT Investments LLC / GA 2.13% of their portfolio Atlanta, GA 291,503291.5k $53.2m $53.2m 2.13% Added +2.7k +2,659
83 Baltimore-Washington Financial Advisors, Inc. 2.91% of their portfolio Columbia, MD 275,628275.6k $50.3m $50.3m 2.91% Added +11.6k +11,591
84 Beacon Pointe Advisors, LLC 0.59% of their portfolio NEWPORT BEACH, CA 274,750274.8k $50.2m $50.2m 0.59% Reduced -17.6k -17,558
85 RATIONAL ADVISORS, INC. 4.81% of their portfolio San Juan, PR 270,136270.1k $49.3m $49.3m 4.81% Reduced -50.1k -50,133
86 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 269,455269.5k $49.2m $49.2m 0.03% Added +16.3k +16,315
87 Levy Wealth Management Group, LLC 12.25% of their portfolio PHILADELPHIA, PA 262,020262.0k $47.8m $47.8m 12.25% Added +27.7k +27,730
88 Advisor OS, LLC 5.19% of their portfolio CHICAGO, IL 259,576259.6k $47.4m $47.4m 5.19% Reduced -11.2k -11,152
89 PDS Planning, Inc 4.71% of their portfolio DUBLIN, OH 255,675255.7k $46.7m $46.7m 4.71% Added +11.5k +11,535
90 Principle Wealth Partners LLC 3.55% of their portfolio MADISON, CT 255,267255.3k $46.6m $46.6m 3.55% Reduced -2.2k -2,171
91 Evensky & Katz LLC 3.23% of their portfolio CORAL GABLES, FL 254,317254.3k $46.4m $46.4m 3.23% Added +2.1k +2,058
92 PLANNING ALTERNATIVES LTD /ADV 7.46% of their portfolio BIRMINGHAM, MI 252,354252.4k $46.1m $46.1m 7.46% Added +93 +93
93 Resonant Capital Advisors, LLC 3.62% of their portfolio Madison, WI 242,969243.0k $44.6m $44.6m 3.62% Added +10.7k +10,742
94 MJP ASSOCIATES INC /ADV 9.04% of their portfolio FARMINGTON, CT 238,025238.0k $43.5m $43.5m 9.04% Reduced -11.9k -11,906
95 Pathstone Holdings, LLC 0.20% of their portfolio ENGLEWOOD, NJ 237,550237.6k $43.4m $43.4m 0.20% Reduced -6.7k -6,689
96 New England Private Wealth Advisors LLC 7.39% of their portfolio WELLESLEY, MA 231,967232.0k $42.3m $42.3m 7.39% Reduced -722 -722
97 Wealth Architects, LLC 5.08% of their portfolio MOUNTAIN VIEW, CA 227,694227.7k $41.6m $41.6m 5.08% Reduced -3.6k -3,601
98 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 222,139222.1k $40.6m $40.6m 0.06% Reduced -715 -715
99 American Financial Advisors, LLC 5.68% of their portfolio Marietta, GA 218,568218.6k $39.9m $39.9m 5.68% Reduced -338 -338
100 Avantax Planning Partners, Inc. 1.28% of their portfolio DUBUQUE, IA 217,668217.7k $39.7m $39.7m 1.28% Reduced -6.6k -6,565