Vault-13

VANGUARD SPECIALIZED FUNDS VIG

DIV APP ETF · ETP · CUSIP 921908844

2,323 institutional holders +215 vs Q3 2024
204,793,870204.8m shares reported held*
$40.0bnreported value*
99 new 904 added 753 reduced 63 sold out net bought ≈ $1.3bn (+6.8m 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 ($63.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $195.53. Options: 6 managers hold calls ($109.7m notional), 5 hold puts ($37.5m).

Trends to Q4 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: 2,108Q4 24: 2,3232,323Q3 22Q1 23Q3 23Q1 24Q3 24Q4 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
Q4 20242,323

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ1 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 24Q3 24: 961 bought or addedQ3 24: 832 cut or sold outQ4 24: 1,003 bought or addedQ4 24: 816 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023764779
Q2 2023644806
Q3 2023846706
Q4 2023899730
Q1 2024896860
Q2 2024788859
Q3 2024961832
Q4 20241,003816

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ1 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 0.65Q4 24 calls: $109.7mQ4 24 puts: $37.5mQ4 24P/C 0.34
Numbers
QuarterCallsPutsP/C
Q1 2024$116.1m$49.6m0.43
Q2 2024$81.5m$12.3m0.15
Q3 2024$105.8m$68.5m0.65
Q4 2024$109.7m$37.5m0.34

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +3,605,152+3.6m
PRUDENTIAL FINANCIAL INC Added +1,584,428+1.6m
WELLS FARGO & COMPANY/MN Added +832,983+833.0k
Independent Advisor Alliance Added +395,618+395.6k
Demars Financial Group, LLC Added +350,908+350.9k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +317,280+317.3k
VANGUARD GROUP INC Added +301,772+301.8k
MORGAN STANLEY Added +278,700+278.7k
LPL Financial LLC Added +207,484+207.5k
Focus Partners Wealth Added +207,050+207.1k

Biggest sellers

JPMORGAN CHASE & CO Reduced -2,884,992-2.9m
LINCOLN NATIONAL CORP Sold out -534,833-534.8k
Bank of New York Mellon Corp Reduced -244,554-244.6k
Mesirow Financial Investment Management, Inc. Reduced -169,401-169.4k
Kestra Advisory Services, LLC Reduced -108,663-108.7k
OSAIC HOLDINGS, INC. Reduced -82,186-82.2k
VPR Management LLC Reduced -76,800-76.8k
Mittelman Wealth Management Reduced -75,546-75.5k
Brookstone Capital Management Reduced -57,928-57.9k
BANK OF MONTREAL /CAN/ Reduced -51,732-51.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $63.4m323.7k shares
CITADEL ADVISORS LLC Reduced $15.2m77.4k shares
Walleye Trading LLC Added $14.0m71.6k shares
Twin Tree Management, LP New $8.4m43.1k shares
JANE STREET GROUP, LLC Reduced $8.0m40.8k shares
WOLVERINE TRADING, LLC Reduced $724.5k3.7k shares

Biggest puts

CITADEL ADVISORS LLC Added $19.8m101.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.9m55.8k shares
WOLVERINE TRADING, LLC Reduced $5.7m29.0k shares
Walleye Trading LLC Added $1.0m5.3k shares
US BANCORP \DE\ Unchanged $18.2k272 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, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.45% of their portfolio CHARLOTTE, NC 24,743,39124.7m $4.8bn $4.8bn 0.45% Added +3.6m +3,605,152
2 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 12,423,45412.4m $2.4bn $2.4bn 0.17% Added +278.7k +278,700
3 WELLS FARGO & COMPANY/MN 0.50% of their portfolio SAN FRANCISCO, CA 10,520,39610.5m $2.1bn $2.1bn 0.50% Added +833.0k +832,983
4 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 9,709,2649.7m $1.9bn $1.9bn 0.03% Added +301.8k +301,772
5 Wealthfront Advisers LLC 3.93% of their portfolio Palo Alto, CA 6,864,8326.9m $1.3bn $1.3bn 3.93% Added +41.6k +41,628
6 UBS Group AG 0.29% of their portfolio ZURICH, V8 6,559,4406.6m $1.3bn $1.3bn 0.29% Added +173.4k +173,419
7 LPL Financial LLC 0.48% of their portfolio FORT MILL, SC 6,016,2946.0m $1.2bn $1.2bn 0.48% Added +207.5k +207,484
8 RAYMOND JAMES FINANCIAL INC 0.38% of their portfolio ST. PETERSBURG, FL 5,229,6335.2m $1.0bn $1.0bn 0.38% First filing
9 HB Wealth Management, LLC 9.65% of their portfolio Atlanta, GA 4,868,9294.9m $942.9m $942.9m 9.65% Added +82.0k +82,030
10 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 3,706,1863.7m $725.8m $725.8m 0.06% Reduced -2.9m -2,884,992
11 ROYAL BANK OF CANADA 0.16% of their portfolio TORONTO, A6 3,697,2343.7m $724.0m $724.0m 0.16% Added +3.7k +3,717
12 COMMONWEALTH EQUITY SERVICES, LLC 0.82% of their portfolio WALTHAM, MA 2,877,3752.9m $563.5m $563.5m 0.82% Added +67.6k +67,574
13 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 2,417,7372.4m $473.5m $473.5m 0.12% Added +42.5k +42,539
14 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 2,275,9662.3m $445.7m $445.7m 0.14% Added +60.1k +60,106
15 HighTower Advisors, LLC 0.59% of their portfolio CHICAGO, IL 2,194,0482.2m $429.7m $429.7m 0.59% Reduced -17.1k -17,090
16 SIGNATUREFD, LLC 7.08% of their portfolio ATLANTA, GA 1,906,2271.9m $373.3m $373.3m 7.08% Reduced -6.8k -6,822
17 PRUDENTIAL FINANCIAL INC 0.43% of their portfolio NEWARK, NJ 1,604,6841.6m $314.2m $314.2m 0.43% Added +1.6m +1,584,428
18 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.25% of their portfolio MILWAUKEE, WI 1,506,3581.5m $295.0m $295.0m 0.25% Added +5.0k +4,952
19 Bank of New York Mellon Corp 0.05% of their portfolio NEW YORK, NY 1,452,5131.5m $284.4m $284.4m 0.05% Reduced -244.6k -244,554
20 OSAIC HOLDINGS, INC. 0.63% of their portfolio SCOTTSDALE, AZ 1,431,0341.4m $280.4m $280.4m 0.63% Reduced -82.2k -82,186
21 Mariner, LLC 0.47% of their portfolio Overland Park, KS 1,429,9381.4m $280.0m $280.0m 0.47% Added +150.1k +150,062
22 Modera Wealth Management, LLC 3.29% of their portfolio WESTWOOD, NJ 1,391,9341.4m $272.6m $272.6m 3.29% Added +18.3k +18,290
23 TRUST POINT INC. 17.91% of their portfolio LA CROSSE, WI 1,318,5081.3m $258.2m $258.2m 17.91% Added +55.8k +55,792
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.47% of their portfolio PLYMOUTH, MN 1,252,6511.3m $245.3m $245.3m 0.47% Added +317.3k +317,280
25 Howard Capital Management, LLC 3.67% of their portfolio Alpharetta, GA 1,208,3251.2m $236.6m $236.6m 3.67% Added +72 +72
26 Joel Isaacson & Co., LLC 10.61% of their portfolio NEW YORK, NY 1,201,6851.2m $235.3m $235.3m 10.61% Added +48.0k +48,028
27 Creative Planning 0.21% of their portfolio OVERLAND PARK, KS 1,103,3621.1m $216.1m $216.1m 0.21% Added +155.9k +155,947
28 Focus Partners Wealth 0.28% of their portfolio ST LOUIS, MO 1,061,0821.1m $213.0m $213.0m 0.28% Added +207.1k +207,050
29 STIFEL FINANCIAL CORP 0.21% of their portfolio ST. LOUIS, MO 1,038,8251.0m $203.4m $203.4m 0.21% Added +28.6k +28,606
30 CAPTRUST FINANCIAL ADVISORS 0.58% of their portfolio RALEIGH, NC 1,035,8051.0m $202.8m $202.8m 0.58% Added +10.6k +10,631
31 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.16% of their portfolio Toronto, A6 956,479956.5k $187.3m $187.3m 0.16% Reduced -11.2k -11,247
32 ASPIRIANT, LLC 6.73% of their portfolio San Francisco, CA 951,430951.4k $186.3m $186.3m 6.73% Reduced -17.4k -17,352
33 Corient Private Wealth LP 0.30% of their portfolio MIAMI, FL 940,624940.6k $179.1m $179.1m 0.30% Reduced -36.9k -36,926
34 MAI Capital Management 1.36% of their portfolio INDEPENDENCE, OH 929,219929.2k $182.0m $182.0m 1.36% Added +30.1k +30,050
35 TRUIST FINANCIAL CORP 0.28% of their portfolio CHARLOTTE, NC 923,630923.6k $180.9m $180.9m 0.28% Reduced -28.2k -28,157
36 Cambridge Investment Research Advisors, Inc. 0.59% of their portfolio FAIRFIELD, IA 897,884897.9k $175.8m $175.8m 0.59% Added +8.0k +7,952
37 JONES FINANCIAL COMPANIES LLLP 0.16% of their portfolio DES PERES, MO 860,651860.7k $168.5m $168.5m 0.16% Added +161.3k +161,316
38 BROWN ADVISORY INC 0.21% of their portfolio BALTIMORE, MD 848,328848.3k $166.1m $166.1m 0.21% Reduced -49.5k -49,541
39 Cetera Investment Advisers 0.35% of their portfolio SCHAUMBURG, IL 847,817847.8k $166.0m $166.0m 0.35% Added +15.7k +15,691
40 Waverly Advisors, LLC 2.55% of their portfolio BIRMINGHAM, AL 840,124840.1k $164.5m $164.5m 2.55% Added +29.7k +29,720
41 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 824,991825.0k $161.6m $161.6m 0.08% Reduced -51.7k -51,732
42 Nicholas Hoffman & Company, LLC. 6.30% of their portfolio ATLANTA, GA 804,288804.3k $157.5m $157.5m 6.30% Added +45.3k +45,346
43 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 760,920760.9k $149.0m $149.0m 0.03% Added +43.1k +43,109
44 Retirement Planning Group, LLC 7.37% of their portfolio LEAWOOD, KS 747,736747.7k $146.4m $146.4m 7.37% Added +58.6k +58,645
45 Rockefeller Capital Management L.P. 0.35% of their portfolio NEW YORK, NY 698,272698.3k $136.7m $136.7m 0.35% Added +19.2k +19,224
46 Northeast Financial Consultants Inc 5.53% of their portfolio WESTPORT, CT 670,077670.1k $131.2m $131.2m 5.53% Reduced -3.8k -3,823
47 Baird Financial Group, Inc. 0.25% of their portfolio MILWAUKEE, WI 658,932658.9k $129.0m $129.0m 0.25% Added +3.8k +3,756
48 BLAIR WILLIAM & CO/IL 0.37% of their portfolio CHICAGO, IL 650,925650.9k $127.5m $127.5m 0.37% Reduced -3.4k -3,440
49 Cerity Partners LLC 0.27% of their portfolio NEW YORK, NY 638,877638.9k $125.1m $125.1m 0.27% Added +54.9k +54,938
50 Cresset Asset Management, LLC 0.60% of their portfolio Chicago, IL 631,483631.5k $123.7m $123.7m 0.60% Added +8.2k +8,227
51 GLENMEDE TRUST CO NA 0.60% of their portfolio PHILADELPHIA, PA 602,771602.8k $118.0m $118.0m 0.60% Reduced -36.7k -36,692
52 Confluence Wealth Services, Inc. 7.89% of their portfolio MCMURRAY, PA 599,251599.3k $121.3m $121.3m 7.89% Added +51.2k +51,165
53 Private Advisor Group, LLC 0.66% of their portfolio MORRISTOWN, NJ 596,151596.2k $116.7m $116.7m 0.66% Added +19.3k +19,276
54 Robertson Stephens Wealth Management, LLC 4.10% of their portfolio San Francisco, CA 587,326587.3k $115.0m $115.0m 4.10% Added +204.1k +204,136
55 DAVENPORT & Co LLC 0.67% of their portfolio RICHMOND, VA 585,743585.7k $114.7m $114.7m 0.67% Added +27.1k +27,085
56 MML INVESTORS SERVICES, LLC 0.38% of their portfolio SPRINGFIELD, MA 562,757562.8k $110.2m $110.2m 0.38% Added +20.6k +20,572
57 FIFTH THIRD BANCORP 0.40% of their portfolio CINCINNATI, OH 556,177556.2k $108.9m $108.9m 0.40% Reduced -12.7k -12,663
58 3EDGE Asset Management, LP 6.65% of their portfolio Naples, FL 550,500550.5k $107.8m $107.8m 6.65% Added +65.8k +65,762
59 Janney Montgomery Scott LLC 0.29% of their portfolio PHILADELPHIA, PA 530,101530.1k $103.8m $103.8m 0.29% Reduced -9.0k -8,956
60 Stokes Family Office, LLC 10.57% of their portfolio NEW ORLEANS, LA 505,578505.6k $99.0m $99.0m 10.57% Reduced -2.7k -2,661
61 MERCER GLOBAL ADVISORS INC /ADV 0.22% of their portfolio DENVER, CO 465,227465.2k $91.1m $91.1m 0.22% Reduced -30.2k -30,207
62 Sanctuary Advisors, LLC 0.58% of their portfolio INDIANAPOLIS, IN 450,347450.3k $91.4m $91.4m 0.58% Reduced -6.4k -6,429
63 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 446,703446.7k $87.5m $87.5m 0.02% Reduced -6.2k -6,206
64 TD PRIVATE CLIENT WEALTH LLC 2.44% of their portfolio NEW YORK, NY 446,037446.0k $87.3m $87.3m 2.44% Added +19.6k +19,595
65 Enclave Advisors LLC 13.14% of their portfolio AUSTIN, TX 407,923407.9k $79.9m $79.9m 13.14% Reduced -42.8k -42,756
66 Kestra Advisory Services, LLC 0.44% of their portfolio AUSTIN, TX 407,488407.5k $79.8m $79.8m 0.44% Reduced -108.7k -108,663
67 Haverford Trust Co 0.78% of their portfolio Radnor, PA 398,871398.9k $78.1m $78.1m 0.78% Added +17.8k +17,764
68 Independent Advisor Alliance 1.03% of their portfolio CHARLOTTE, NC 397,601397.6k $77.9m $77.9m 1.03% Added +395.6k +395,618
69 Steward Partners Investment Advisory, LLC 0.69% of their portfolio STAMFORD, CT 394,411394.4k $77.2m $77.2m 0.69% Added +19.6k +19,634
70 PARK AVENUE SECURITIES LLC 0.73% of their portfolio NEW YORK, NY 363,179363.2k $71.1m $71.1m 0.73% Added +16.5k +16,478
71 FMR LLC 0.00% of their portfolio BOSTON, MA 360,184360.2k $70.5m $70.5m 0.00% Added +25.1k +25,119
72 Atria Wealth Solutions, Inc. 0.76% of their portfolio NEW YORK, NY 354,077354.1k $69.3m $69.3m 0.76% Reduced -28.3k -28,254
73 WMS Partners, LLC 3.88% of their portfolio TOWSON, MD 353,195353.2k $69.2m $69.2m 3.88% Added +27.6k +27,567
74 Systematic Alpha Investments, LLC 2.55% of their portfolio PRINCETON, NJ 353,000353.0k $69.1m $69.1m 2.55% Unchanged
75 Demars Financial Group, LLC 0.02% of their portfolio SPOKANE VALLEY, WA 352,782352.8k $1.8k $1.8k 0.02% Added +350.9k +350,908
76 Hubbell Strickland Wealth Management, LLC 32.72% of their portfolio NEW ORLEANS, LA 352,439352.4k $69.0m $69.0m 32.72% Reduced -1.5k -1,481
77 Brookstone Capital Management 0.96% of their portfolio WHEATON, IL 336,609336.6k $65.9m $65.9m 0.96% Reduced -57.9k -57,928
78 Paragon Capital Management Ltd 13.09% of their portfolio DENVER, CO 335,046335.0k $65.6m $65.6m 13.09% Reduced -5.4k -5,382
79 CW Advisors, LLC 0.89% of their portfolio BOSTON, MA 330,139330.1k $64.7m $64.7m 0.89% Added +1.3k +1,336
80 Provenance Wealth Advisors, LLC 8.27% of their portfolio FORT LAUDERDALE, FL 326,667326.7k $64.0m $64.0m 8.27% Reduced -313 -313
81 NewEdge Advisors, LLC 0.38% of their portfolio NEW ORLEANS, LA 319,956320.0k $62.7m $62.7m 0.38% Reduced -22.6k -22,599
82 Berkshire Money Management, Inc. 6.67% of their portfolio DALTON, MA 313,152313.2k $61.3m $61.3m 6.67% Added +4.3k +4,280
83 Performance Wealth Partners, LLC 1.96% of their portfolio HINSDALE, IL 310,643310.6k $60.8m $60.8m 1.96% Added +569 +569
84 IEQ CAPITAL, LLC 0.58% of their portfolio Foster City, CA 305,686305.7k $59.9m $59.9m 0.58% Added +2.4k +2,442
85 360 Financial, Inc. 21.63% of their portfolio WAYZATA, MN 305,489305.5k $59.8m $59.8m 21.63% Added +7.3k +7,268
86 &PARTNERS 0.71% of their portfolio NASHVILLE, TN 300,345300.3k $58.9m $58.9m 0.71% Added +125.4k +125,445
87 PNC Financial Services Group, Inc. 0.04% of their portfolio Pittsburgh, PA 291,576291.6k $57.1m $57.1m 0.04% Added +18.9k +18,923
88 Baltimore-Washington Financial Advisors, Inc. 2.92% of their portfolio Columbia, MD 289,870289.9k $56.8m $56.8m 2.92% Added +9.6k +9,582
89 Advisor OS, LLC 6.31% of their portfolio CHICAGO, IL 278,071278.1k $54.5m $54.5m 6.31% Added +3.2k +3,181
90 Beacon Pointe Advisors, LLC 0.60% of their portfolio NEWPORT BEACH, CA 276,789276.8k $54.2m $54.2m 0.60% Added +6.9k +6,859
91 GLOBALT Investments LLC / GA 2.00% of their portfolio Atlanta, GA 266,747266.7k $52.2m $52.2m 2.00% Reduced -9.8k -9,826
92 MJP ASSOCIATES INC /ADV 9.27% of their portfolio FARMINGTON, CT 263,483263.5k $51.6m $51.6m 9.27% Added +8.9k +8,928
93 PDS Planning, Inc 4.58% of their portfolio DUBLIN, OH 262,997263.0k $51.5m $51.5m 4.58% Added +2.2k +2,177
94 Evensky & Katz LLC 3.30% of their portfolio CORAL GABLES, FL 257,932257.9k $50.5m $50.5m 3.30% Added +1.6k +1,610
95 PLANNING ALTERNATIVES LTD /ADV 7.68% of their portfolio BIRMINGHAM, MI 255,257255.3k $50.0m $50.0m 7.68% Added +3.1k +3,079
96 Resonant Capital Advisors, LLC 3.61% of their portfolio Madison, WI 252,834252.8k $49.5m $49.5m 3.61% Added +1.5k +1,523
97 Principle Wealth Partners LLC 3.43% of their portfolio MADISON, CT 249,917249.9k $48.9m $48.9m 3.43% Reduced -3.5k -3,506
98 Wealth Architects, LLC 5.44% of their portfolio MOUNTAIN VIEW, CA 245,954246.0k $48.2m $48.2m 5.44% Added +9.3k +9,317
99 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 237,734237.7k $46.6m $46.6m 0.01% Added +20.9k +20,906
100 New England Private Wealth Advisors LLC 7.25% of their portfolio WELLESLEY, MA 233,700233.7k $45.8m $45.8m 7.25% Added +5.1k +5,122