Vault-13

VANGUARD SPECIALIZED FUNDS VIG

DIV APP ETF · ETP · CUSIP 921908844

2,108 institutional holders +46 vs Q2 2024
196,170,871196.2m shares reported held*
$38.9bnreported value*
112 new 849 added 766 reduced 66 sold out net bought ≈ $641.7m (-5.5m 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 ($64.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $198.07. Options: 6 managers hold calls ($105.8m notional), 7 hold puts ($68.5m).

Trends to Q3 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: 2,062Q3 24: 2,1082,108Q3 22Q1 23Q3 23Q1 24Q3 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
Q3 20242,108

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 outQ1 23: 764 bought or addedQ1 23: 779 cut or sold outQ1 23Q2 23: 644 bought or addedQ2 23: 806 cut or sold outQ3 23: 846 bought or addedQ3 23: 706 cut or sold outQ3 23Q4 23: 899 bought or addedQ4 23: 730 cut or sold outQ1 24: 896 bought or addedQ1 24: 860 cut or sold outQ1 24Q2 24: 788 bought or addedQ2 24: 859 cut or sold outQ3 24: 961 bought or addedQ3 24: 832 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022792654
Q1 2023764779
Q2 2023644806
Q3 2023846706
Q4 2023899730
Q1 2024896860
Q2 2024788859
Q3 2024961832

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ4 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 0.15Q3 24 calls: $105.8mQ3 24 puts: $68.5mQ3 24P/C 0.65
Numbers
QuarterCallsPutsP/C
Q4 2023$46.0m$14.3m0.31
Q1 2024$116.1m$49.6m0.43
Q2 2024$81.5m$12.3m0.15
Q3 2024$105.8m$68.5m0.65

Biggest buyers

Howard Capital Management, LLC Added +1,197,450+1.2m
3EDGE Asset Management, LP New +484,738+484.7k
VANGUARD GROUP INC Added +417,262+417.3k
CW Advisors, LLC Added +325,868+325.9k
LPL Financial LLC Added +314,952+315.0k
Robertson Stephens Wealth Management, LLC Added +284,027+284.0k
JPMORGAN CHASE & CO Added +247,168+247.2k
MORGAN STANLEY Added +207,297+207.3k
Mesirow Financial Investment Management, Inc. Added +179,441+179.4k
RAYMOND JAMES & ASSOCIATES Added +178,450+178.4k

Biggest sellers

Strategic Financial Concepts, LLC Reduced -8,722,055-8.7m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -632,505-632.5k
BANK OF AMERICA CORP /DE/ Reduced -518,870-518.9k
WELLS FARGO & COMPANY/MN Reduced -495,027-495.0k
Focus Partners Wealth Reduced -444,834-444.8k
Raymond James Financial Services Advisors, Inc. Reduced -233,370-233.4k
Performance Wealth Partners, LLC Reduced -221,760-221.8k
OAK HILL WEALTH ADVISORS, LLC Sold out -195,951-196.0k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -137,534-137.5k
BANK OF NOVA SCOTIA Sold out -100,000-100.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $65.6m331.3k shares
CITADEL ADVISORS LLC Added $22.7m114.8k shares
JANE STREET GROUP, LLC New $10.2m51.3k shares
WOLVERINE TRADING, LLC Reduced $4.2m21.1k shares
Walleye Trading LLC New $3.1m15.6k shares
Belvedere Trading LLC Reduced $19.8k100 shares

Biggest puts

OAK HILL WEALTH ADVISORS, LLC New $31.1m157.2k shares
CITADEL ADVISORS LLC Added $17.5m88.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $12.5m63.2k shares
WOLVERINE TRADING, LLC Added $6.3m31.7k shares
SpiderRock Advisors, LLC New $653.6k3.3k shares
Walleye Trading LLC New $396.1k2.0k shares
US BANCORP \DE\ Unchanged $45.4k272 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, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.37% of their portfolio CHARLOTTE, NC 21,138,23921.1m $4.2bn $4.2bn 0.37% Reduced -518.9k -518,870
2 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 12,144,75412.1m $2.4bn $2.4bn 0.17% Added +207.3k +207,297
3 WELLS FARGO & COMPANY/MN 0.47% of their portfolio SAN FRANCISCO, CA 9,687,4139.7m $1.9bn $1.9bn 0.47% Reduced -495.0k -495,027
4 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 9,407,4929.4m $1.9bn $1.9bn 0.03% Added +417.3k +417,262
5 Wealthfront Advisers LLC 4.15% of their portfolio Palo Alto, CA 6,823,2046.8m $1.4bn $1.4bn 4.15% Added +82.9k +82,945
6 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 6,591,1786.6m $1.3bn $1.3bn 0.05% Added +247.2k +247,168
7 UBS Group AG 0.35% of their portfolio ZURICH, V8 6,386,0216.4m $1.3bn $1.3bn 0.35% Reduced -62.3k -62,258
8 LPL Financial LLC 0.51% of their portfolio FORT MILL, SC 5,808,8105.8m $1.2bn $1.2bn 0.51% Added +315.0k +314,952
9 HB Wealth Management, LLC 10.07% of their portfolio Atlanta, GA 4,786,8994.8m $937.4m $937.4m 10.07% Added +128.3k +128,314
10 RAYMOND JAMES & ASSOCIATES 0.45% of their portfolio ST PETERSBURG, FL 3,698,9423.7m $732.6m $732.6m 0.45% Added +178.4k +178,450
11 ROYAL BANK OF CANADA 0.16% of their portfolio TORONTO, A6 3,693,5173.7m $731.5m $731.5m 0.16% Reduced -58.1k -58,125
12 COMMONWEALTH EQUITY SERVICES, LLC 0.84% of their portfolio WALTHAM, MA 2,809,8012.8m $556.5m $556.5m 0.84% Reduced -55.5k -55,497
13 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 2,375,1982.4m $470.4m $470.4m 0.12% Reduced -97.7k -97,702
14 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 2,215,8602.2m $438.9m $438.9m 0.14% Added +153.8k +153,807
15 HighTower Advisors, LLC 0.63% of their portfolio CHICAGO, IL 2,211,1382.2m $438.0m $438.0m 0.63% Added +39.6k +39,560
16 SIGNATUREFD, LLC 7.23% of their portfolio ATLANTA, GA 1,913,0491.9m $378.9m $378.9m 7.23% Added +10.3k +10,261
17 Bank of New York Mellon Corp 0.06% of their portfolio NEW YORK, NY 1,697,0671.7m $336.1m $336.1m 0.06% Reduced -50.5k -50,528
18 Raymond James Financial Services Advisors, Inc. 0.44% of their portfolio ST. PETERSBURG, FL 1,662,0431.7m $329.2m $329.2m 0.44% Reduced -233.4k -233,370
19 OSAIC HOLDINGS, INC. 0.68% of their portfolio SCOTTSDALE, AZ 1,513,2201.5m $299.8m $299.8m 0.68% Reduced -2.2k -2,176
20 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.26% of their portfolio MILWAUKEE, WI 1,501,4061.5m $297.4m $297.4m 0.26% Added +7.4k +7,434
21 Modera Wealth Management, LLC 3.46% of their portfolio WESTWOOD, NJ 1,373,6441.4m $272.1m $272.1m 3.46% Added +60.1k +60,055
22 Mariner, LLC 0.45% of their portfolio Overland Park, KS 1,279,8761.3m $253.5m $253.5m 0.45% Added +15.7k +15,697
23 TRUST POINT INC. 18.77% of their portfolio LA CROSSE, WI 1,262,7161.3m $250.1m $250.1m 18.77% Reduced -2.9k -2,945
24 Howard Capital Management, LLC 3.93% of their portfolio Alpharetta, GA 1,208,2531.2m $239.3m $239.3m 3.93% Added +1.2m +1,197,450
25 Joel Isaacson & Co., LLC 10.90% of their portfolio NEW YORK, NY 1,153,6571.2m $228.5m $228.5m 10.90% Added +26.5k +26,549
26 CAPTRUST FINANCIAL ADVISORS 0.60% of their portfolio RALEIGH, NC 1,025,1741.0m $203.0m $203.0m 0.60% Added +31.1k +31,052
27 STIFEL FINANCIAL CORP 0.21% of their portfolio ST. LOUIS, MO 1,010,2191.0m $200.1m $200.1m 0.21% Added +7.5k +7,511
28 Corient Private Wealth LP 0.31% of their portfolio MIAMI, FL 977,550977.5k $193.6m $193.6m 0.31% Added +18.7k +18,713
29 ASPIRIANT, LLC 7.28% of their portfolio San Francisco, CA 968,782968.8k $191.9m $191.9m 7.28% Added +66 +66
30 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.17% of their portfolio Toronto, A6 967,726967.7k $191.7m $191.7m 0.17% Reduced -137.5k -137,534
31 TRUIST FINANCIAL CORP 0.30% of their portfolio CHARLOTTE, NC 951,787951.8k $188.5m $188.5m 0.30% Reduced -38.9k -38,889
32 Creative Planning 0.19% of their portfolio OVERLAND PARK, KS 947,415947.4k $187.6m $187.6m 0.19% Reduced -17.0k -16,999
33 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.40% of their portfolio PLYMOUTH, MN 935,371935.4k $185.3m $185.3m 0.40% Reduced -5.4k -5,351
34 MAI Capital Management 1.70% of their portfolio INDEPENDENCE, OH 899,169899.2k $178.1m $178.1m 1.70% Added +13.5k +13,463
35 BROWN ADVISORY INC 0.22% of their portfolio BALTIMORE, MD 897,869897.9k $177.8m $177.8m 0.22% Added +8.4k +8,395
36 Cambridge Investment Research Advisors, Inc. 0.60% of their portfolio FAIRFIELD, IA 889,932889.9k $176.3m $176.3m 0.60% Added +58.0k +58,004
37 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 876,723876.7k $173.0m $173.0m 0.08% Reduced -4.0k -4,023
38 Focus Partners Wealth 0.51% of their portfolio ST LOUIS, MO 854,032854.0k $161.4m $161.4m 0.51% Reduced -444.8k -444,834
39 Cetera Investment Advisers 0.36% of their portfolio SCHAUMBURG, IL 832,126832.1k $164.8m $164.8m 0.36% Added +7.0k +6,969
40 Waverly Advisors, LLC 2.96% of their portfolio BIRMINGHAM, AL 810,404810.4k $160.5m $160.5m 2.96% Added +14.0k +14,035
41 Nicholas Hoffman & Company, LLC. 6.34% of their portfolio ATLANTA, GA 758,942758.9k $150.3m $150.3m 6.34% Added +22.9k +22,928
42 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 717,811717.8k $142.2m $142.2m 0.03% Reduced -7.3k -7,338
43 JONES FINANCIAL COMPANIES LLLP 0.14% of their portfolio DES PERES, MO 699,335699.3k $138.0m $138.0m 0.14% Added +143.0k +142,970
44 Retirement Planning Group, LLC 7.44% of their portfolio LEAWOOD, KS 689,091689.1k $136.5m $136.5m 7.44% Added +6.6k +6,583
45 Rockefeller Capital Management L.P. 0.36% of their portfolio NEW YORK, NY 679,048679.0k $134.5m $134.5m 0.36% Added +694 +694
46 Northeast Financial Consultants Inc 5.84% of their portfolio WESTPORT, CT 673,900673.9k $133.5m $133.5m 5.84% Reduced -2.6k -2,631
47 Baird Financial Group, Inc. 0.25% of their portfolio MILWAUKEE, WI 655,176655.2k $129.8m $129.8m 0.25% Added +42.1k +42,144
48 BLAIR WILLIAM & CO/IL 0.38% of their portfolio CHICAGO, IL 654,365654.4k $129.6m $129.6m 0.38% Reduced -6.7k -6,717
49 GLENMEDE TRUST CO NA 0.61% of their portfolio PHILADELPHIA, PA 639,463639.5k $126.7m $126.7m 0.61% Reduced -1.5k -1,544
50 Cresset Asset Management, LLC 0.48% of their portfolio Chicago, IL 623,256623.3k $123.9m $123.9m 0.48% Added +50.7k +50,690
51 Cerity Partners LLC 0.26% of their portfolio NEW YORK, NY 583,939583.9k $115.7m $115.7m 0.26% Added +2.1k +2,088
52 Private Advisor Group, LLC 0.71% of their portfolio MORRISTOWN, NJ 576,875576.9k $114.3m $114.3m 0.71% Added +1.8k +1,835
53 FIFTH THIRD BANCORP 0.41% of their portfolio CINCINNATI, OH 568,840568.8k $112.7m $112.7m 0.41% Reduced -20.5k -20,541
54 DAVENPORT & Co LLC 0.65% of their portfolio RICHMOND, VA 558,658558.7k $110.6m $110.6m 0.65% Added +21.4k +21,390
55 Confluence Wealth Services, Inc. 7.94% of their portfolio MCMURRAY, PA 548,086548.1k $108.6m $108.6m 7.94% Added +43.0k +42,962
56 MML INVESTORS SERVICES, LLC 0.39% of their portfolio SPRINGFIELD, MA 542,185542.2k $107.4m $107.4m 0.39% Added +9.1k +9,058
57 Janney Montgomery Scott LLC 0.30% of their portfolio PHILADELPHIA, PA 539,057539.1k $106.8m $106.8m 0.30% Added +23.1k +23,053
58 LINCOLN NATIONAL CORP 3.39% of their portfolio RADNOR, PA 534,833534.8k $105.9m $105.9m 3.39% Reduced -4.9k -4,898
59 Kestra Advisory Services, LLC 0.56% of their portfolio AUSTIN, TX 516,151516.2k $102.2m $102.2m 0.56% Reduced -21.3k -21,328
60 Stokes Family Office, LLC 11.01% of their portfolio NEW ORLEANS, LA 508,239508.2k $100.7m $100.7m 11.01% Reduced -11.9k -11,918
61 MERCER GLOBAL ADVISORS INC /ADV 0.23% of their portfolio DENVER, CO 495,434495.4k $97.7m $97.7m 0.23% Reduced -12.9k -12,891
62 3EDGE Asset Management, LP 6.81% of their portfolio Naples, FL 484,738484.7k $96.0m $96.0m 6.81% New
63 Sanctuary Advisors, LLC 0.59% of their portfolio INDIANAPOLIS, IN 456,776456.8k $92.5m $92.5m 0.59% Added +38.2k +38,245
64 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 452,909452.9k $91.2m $91.2m 0.03% Added +10.4k +10,441
65 Enclave Advisors LLC 15.13% of their portfolio AUSTIN, TX 450,679450.7k $89.3m $89.3m 15.13% First filing
66 TD PRIVATE CLIENT WEALTH LLC 2.43% of their portfolio NEW YORK, NY 426,442426.4k $84.5m $84.5m 2.43% Added +8.1k +8,059
67 Brookstone Capital Management 1.15% of their portfolio WHEATON, IL 394,537394.5k $78.1m $78.1m 1.15% Added +34.1k +34,091
68 Robertson Stephens Wealth Management, LLC 2.80% of their portfolio San Francisco, CA 383,190383.2k $76.2m $76.2m 2.80% Added +284.0k +284,027
69 Atria Wealth Solutions, Inc. 0.82% of their portfolio NEW YORK, NY 382,331382.3k $75.9m $75.9m 0.82% Reduced -27.0k -27,036
70 Haverford Trust Co 0.74% of their portfolio Radnor, PA 381,107381.1k $75.5m $75.5m 0.74% Added +15.5k +15,504
71 Steward Partners Investment Advisory, LLC 0.69% of their portfolio STAMFORD, CT 374,777374.8k $74.2m $74.2m 0.69% Added +71.7k +71,725
72 Hubbell Strickland Wealth Management, LLC 32.80% of their portfolio NEW ORLEANS, LA 353,920353.9k $70.1m $70.1m 32.80% Added +256 +256
73 Systematic Alpha Investments, LLC 2.55% of their portfolio PRINCETON, NJ 353,000353.0k $69.9m $69.9m 2.55% Unchanged
74 PARK AVENUE SECURITIES LLC 0.77% of their portfolio NEW YORK, NY 346,701346.7k $68.7m $68.7m 0.77% Added +30.5k +30,520
75 Mesirow Financial Investment Management, Inc. 1.32% of their portfolio CHICAGO, IL 345,254345.3k $68.4m $68.4m 1.32% Added +179.4k +179,441
76 NewEdge Advisors, LLC 0.44% of their portfolio NEW ORLEANS, LA 342,555342.6k $67.8m $67.8m 0.44% Added +73 +73
77 Paragon Capital Management Ltd 13.21% of their portfolio DENVER, CO 340,428340.4k $67.4m $67.4m 13.21% Reduced -2.8k -2,752
78 FMR LLC 0.00% of their portfolio BOSTON, MA 335,065335.1k $66.4m $66.4m 0.00% Added +24.5k +24,499
79 CW Advisors, LLC 0.87% of their portfolio BOSTON, MA 328,803328.8k $65.1m $65.1m 0.87% Added +325.9k +325,868
80 Provenance Wealth Advisors, LLC 8.09% of their portfolio FORT LAUDERDALE, FL 326,980327.0k $64.8m $64.8m 8.09% Reduced -1.6k -1,574
81 WMS Partners, LLC 3.62% of their portfolio TOWSON, MD 325,628325.6k $64.5m $64.5m 3.62% Added +26.0k +25,971
82 Performance Wealth Partners, LLC 2.11% of their portfolio HINSDALE, IL 310,074310.1k $61.4m $61.4m 2.11% Reduced -221.8k -221,760
83 Berkshire Money Management, Inc. 7.00% of their portfolio DALTON, MA 308,872308.9k $61.2m $61.2m 7.00% Reduced -128 -128
84 IEQ CAPITAL, LLC 0.74% of their portfolio Foster City, CA 303,244303.2k $60.1m $60.1m 0.74% Added +1.9k +1,903
85 360 Financial, Inc. 21.82% of their portfolio WAYZATA, MN 298,221298.2k $59.1m $59.1m 21.82% Added +3.3k +3,285
86 Baltimore-Washington Financial Advisors, Inc. 2.99% of their portfolio Columbia, MD 280,288280.3k $55.5m $55.5m 2.99% Added +4.7k +4,660
87 GLOBALT Investments LLC / GA 2.05% of their portfolio Atlanta, GA 276,573276.6k $54.8m $54.8m 2.05% Reduced -14.9k -14,930
88 Advisor OS, LLC 5.42% of their portfolio CHICAGO, IL 274,890274.9k $54.4m $54.4m 5.42% Added +15.3k +15,314
89 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 272,653272.7k $54.0m $54.0m 0.03% Added +3.2k +3,198
90 Beacon Pointe Advisors, LLC 0.62% of their portfolio NEWPORT BEACH, CA 269,930269.9k $53.5m $53.5m 0.62% Reduced -4.8k -4,820
91 PDS Planning, Inc 4.63% of their portfolio DUBLIN, OH 260,820260.8k $51.7m $51.7m 4.63% Added +5.1k +5,145
92 Evensky & Katz LLC 3.31% of their portfolio CORAL GABLES, FL 256,322256.3k $50.8m $50.8m 3.31% Added +2.0k +2,005
93 MJP ASSOCIATES INC /ADV 9.56% of their portfolio FARMINGTON, CT 254,555254.6k $50.4m $50.4m 9.56% Added +16.5k +16,530
94 Principle Wealth Partners LLC 3.56% of their portfolio MADISON, CT 253,423253.4k $50.2m $50.2m 3.56% Reduced -1.8k -1,844
95 PLANNING ALTERNATIVES LTD /ADV 7.60% of their portfolio BIRMINGHAM, MI 252,178252.2k $49.9m $49.9m 7.60% Reduced -176 -176
96 Resonant Capital Advisors, LLC 3.67% of their portfolio Madison, WI 251,311251.3k $50.0m $50.0m 3.67% Added +8.3k +8,342
97 RATIONAL ADVISORS, INC. 4.77% of their portfolio San Juan, PR 250,515250.5k $49.6m $49.6m 4.77% Reduced -19.6k -19,621
98 Wealth Architects, LLC 5.30% of their portfolio MOUNTAIN VIEW, CA 236,637236.6k $46.9m $46.9m 5.30% Added +8.9k +8,943
99 Equitable Holdings, Inc. 0.44% of their portfolio NEW YORK, NY 230,574230.6k $45.7m $45.7m 0.44% Added +19.4k +19,356
100 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 228,806228.8k $45.3m $45.3m 0.06% Added +6.7k +6,667