Vault-13

VANGUARD STAR FDS VXUS

VG TL INTL STK F · ETP · CUSIP 921909768

1,112 institutional holders +127 vs Q3 2023
285,376,134285.4m shares reported held*
$14.8bnreported value*
103 new 467 added 312 reduced 55 sold out net bought ≈ $2.6bn (+71.3m 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 ($70.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $51.72. Options: 3 managers hold calls ($9.0m notional), 3 hold puts ($4.5m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 831Q4 22: 921Q1 23: 948Q2 23: 973Q3 23: 985Q4 23: 1,1121,112Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022831
Q4 2022921
Q1 2023948
Q2 2023973
Q3 2023985
Q4 20231,112

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 469 bought or addedQ4 22: 341 cut or sold outQ4 22Q1 23: 497 bought or addedQ1 23: 356 cut or sold outQ1 23Q2 23: 552 bought or addedQ2 23: 314 cut or sold outQ2 23Q3 23: 526 bought or addedQ3 23: 340 cut or sold outQ3 23Q4 23: 570 bought or addedQ4 23: 367 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022469341
Q1 2023497356
Q2 2023552314
Q3 2023526340
Q4 2023570367

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 23 calls: $19.2mQ1 23 puts: $10.5mQ1 23P/C 0.55Q2 23 calls: $8.7mQ2 23 puts: $5.3mQ2 23P/C 0.61Q3 23 calls: $7.4mQ3 23 puts: $3.6mQ3 23P/C 0.49Q4 23 calls: $9.0mQ4 23 puts: $4.5mQ4 23P/C 0.50
Numbers
QuarterCallsPutsP/C
Q1 2023$19.2m$10.5m0.55
Q2 2023$8.7m$5.3m0.61
Q3 2023$7.4m$3.6m0.49
Q4 2023$9.0m$4.5m0.50

Biggest buyers

Cerity Partners LLC Added +26,985,803+27.0m
US BANCORP \DE\ Added +14,778,366+14.8m
VANGUARD GROUP INC Added +10,430,618+10.4m
MORGAN STANLEY Added +9,375,659+9.4m
FLOW TRADERS U.S. LLC New +2,336,335+2.3m
OIKOS HOLDINGS LLC Added +992,700+992.7k
Granite Bay Wealth Management, LLC Added +905,087+905.1k
JPMORGAN CHASE & CO Added +826,614+826.6k
BlackRock Inc. New +773,902+773.9k
Mesirow Financial Investment Management, Inc. New +624,484+624.5k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -1,065,113-1.1m
JANE STREET GROUP, LLC Reduced -719,667-719.7k
Moran Wealth Management, LLC Sold out -420,533-420.5k
HighTower Advisors, LLC Reduced -291,039-291.0k
Raymond James Financial Services Advisors, Inc. Reduced -272,480-272.5k
Sageworth Trust Co Reduced -122,685-122.7k
Aperture Investors, LLC Reduced -120,094-120.1k
Gateway Wealth Partners, LLC Reduced -113,489-113.5k
GOLDMAN SACHS GROUP INC Reduced -107,004-107.0k
Cresset Asset Management, LLC Reduced -105,037-105.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.1m105.3k shares
CITADEL ADVISORS LLC Added $2.9m50.4k shares
Cutler Group LLC / CA Reduced $0600 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.7m64.1k shares
CITADEL ADVISORS LLC Added $794.1k13.7k shares
Cutler Group LLC / CA Added $0500 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.05% of their portfolio Valley Forge, PA 37,741,60037.7m $2.2bn $2.2bn 0.05% Added +10.4m +10,430,618
2 Cerity Partners LLC 0.19% of their portfolio NEW YORK, NY 28,405,85428.4m $55.9m $55.9m 0.19% Added +27.0m +26,985,803
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 18,413,36018.4m $1.1bn $1.1bn 0.05% Added +9.4m +9,375,659
4 US BANCORP \DE\ 1.28% of their portfolio MINNEAPOLIS, MN 14,869,22414.9m $861.8m $861.8m 1.28% Added +14.8m +14,778,366
5 ENVESTNET ASSET MANAGEMENT INC 0.28% of their portfolio Berwyn, PA 11,768,88711.8m $682.1m $682.1m 0.28% Added +167.8k +167,767
6 BANK OF AMERICA CORP /DE/ 0.08% of their portfolio CHARLOTTE, NC 11,674,57511.7m $676.7m $676.7m 0.08% Added +497.0k +496,955
7 Granite Bay Wealth Management, LLC 3.83% of their portfolio PORTSMOUTH, NH 7,834,8767.8m $428.3m $428.3m 3.83% Added +905.1k +905,087
8 Cambridge Investment Research Advisors, Inc. 1.54% of their portfolio FAIRFIELD, IA 6,216,8176.2m $360.3m $360.3m 1.54% Reduced -78.8k -78,789
9 HB Wealth Management, LLC 4.15% of their portfolio Atlanta, GA 5,007,5525.0m $288.6m $288.6m 4.15% Added +8.5k +8,546
10 Wealthspire Advisors, LLC 3.38% of their portfolio NEW YORK, NY 4,105,9624.1m $238.0m $238.0m 3.38% Added +309.9k +309,894
11 OSAIC HOLDINGS, INC. 0.39% of their portfolio SCOTTSDALE, AZ 3,878,3803.9m $224.8m $224.8m 0.39% Reduced -1.1m -1,065,113
12 Sageworth Trust Co 13.20% of their portfolio LANCASTER, PA 3,339,0723.3m $193.5m $193.5m 13.20% Reduced -122.7k -122,685
13 UBS Group AG 0.08% of their portfolio ZURICH, V8 3,307,8183.3m $191.7m $191.7m 0.08% Added +94.4k +94,403
14 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 3,112,1163.1m $180.6m $180.6m 0.05% Reduced -13.1k -13,099
15 Cetera Investment Advisers 1.43% of their portfolio SCHAUMBURG, IL 3,035,0153.0m $175.9m $175.9m 1.43% Added +23.1k +23,144
16 Wellspring Financial Advisors, LLC 0.73% of their portfolio CLEVELAND, OH 2,933,7352.9m $3.0m $3.0m 0.73% Unchanged
17 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 2,627,8992.6m $152.3m $152.3m 0.04% Added +177.9k +177,937
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.44% of their portfolio PLYMOUTH, MN 2,590,5382.6m $150.1m $150.1m 0.44% Added +54.9k +54,896
19 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 2,553,6532.6m $148.0m $148.0m 0.09% Added +19.9k +19,919
20 JANUS HENDERSON GROUP PLC 0.09% of their portfolio LONDON, X0 2,470,9972.5m $143.2m $143.2m 0.09% Reduced -40.9k -40,938
21 Corient Private Wealth LP 0.25% of their portfolio MIAMI, FL 2,351,2322.4m $136.3m $136.3m 0.25% Added +85.9k +85,903
22 FLOW TRADERS U.S. LLC 4.15% of their portfolio NEW YORK, NY 2,336,3352.3m $135.4m $135.4m 4.15% New
23 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 2,243,9612.2m $130.1m $130.1m 0.04% Added +147.9k +147,885
24 Envestnet Portfolio Solutions, Inc. 0.52% of their portfolio BERWYN, PA 2,172,2192.2m $125.9m $125.9m 0.52% Added +98.8k +98,752
25 Global Endowment Management, LP 13.84% of their portfolio CHARLOTTE, NC 2,144,8262.1m $124.3m $124.3m 13.84% Reduced -6.6k -6,620
26 First American Financial Corp 34.30% of their portfolio SANTA ANA, CA 2,035,0442.0m $118.0m $118.0m 34.30% First filing
27 OIKOS HOLDINGS LLC 30.24% of their portfolio NEW YORK, NY 1,908,2041.9m $110.6m $110.6m 30.24% Added +992.7k +992,700
28 Cetera Advisor Networks LLC 0.49% of their portfolio EL SEGUNDO, CA 1,532,9681.5m $88.9m $88.9m 0.49% Added +79.2k +79,169
29 Capstone Financial Advisors, Inc. 6.00% of their portfolio DOWNERS GROVE, IL 1,446,4261.4m $83.8m $83.8m 6.00% Added +55.5k +55,536
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,418,6281.4m $82.2m $82.2m 0.00% Added +826.6k +826,614
31 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,295,3531.3m $75.1m $75.1m 0.03% Added +3.9k +3,922
32 Lindbrook Capital, LLC 7.47% of their portfolio CALABASAS, CA 1,290,5401.3m $74.8m $74.8m 7.47% Reduced -14.3k -14,293
33 RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio ST PETERSBURG, FL 1,287,1241.3m $74.6m $74.6m 0.06% Added +62.0k +61,995
34 Haverford Trust Co 0.77% of their portfolio Radnor, PA 1,191,4911.2m $69.1m $69.1m 0.77% Added +443.1k +443,113
35 HighTower Advisors, LLC 0.11% of their portfolio CHICAGO, IL 1,159,2081.2m $67.2m $67.2m 0.11% Reduced -291.0k -291,039
36 Raymond James Financial Services Advisors, Inc. 0.11% of their portfolio ST. PETERSBURG, FL 1,146,6031.1m $66.5m $66.5m 0.11% Reduced -272.5k -272,480
37 Bogart Wealth, LLC 3.70% of their portfolio MCLEAN, VA 1,130,4011.1m $65.5m $65.5m 3.70% Added +1.2k +1,172
38 Independent Advisor Alliance 2.21% of their portfolio CHARLOTTE, NC 1,098,4811.1m $61.3m $61.3m 2.21% Added +568.1k +568,100
39 Sunflower Bank, N.A. 14.12% of their portfolio DALLAS, TX 1,070,6021.1m $62.1m $62.1m 14.12% Added +54.3k +54,322
40 SENTINEL TRUST CO LBA 8.09% of their portfolio HOUSTON, TX 1,062,7921.1m $61.6m $61.6m 8.09% Added +33.5k +33,459
41 ANGELES WEALTH MANAGEMENT, LLC 7.39% of their portfolio SANTA MONICA, CA 1,046,1041.0m $60.6m $60.6m 7.39% Added +69.2k +69,222
42 COUNTRY CLUB BANK 4.57% of their portfolio KANSAS CITY, MO 1,042,2701.0m $60.4m $60.4m 4.57% Reduced -578 -578
43 First Ascent Asset Management, LLC 6.72% of their portfolio DENVER, CO 1,035,2091.0m $60.0m $60.0m 6.72% Added +66.7k +66,681
44 Angeles Investment Advisors, LLC 3.58% of their portfolio SANTA MONICA, CA 1,024,5001.0m $59.4m $59.4m 3.58% Added +22.1k +22,078
45 Kestra Advisory Services, LLC 0.45% of their portfolio AUSTIN, TX 965,842965.8k $56.0m $56.0m 0.45% Added +39.0k +38,985
46 Verus Financial Partners, Inc. 6.77% of their portfolio RICHMOND, VA 956,762956.8k $54.7m $54.7m 6.77% Added +25.6k +25,577
47 GIRARD ADVISORY SERVICES, LLC 5.61% of their portfolio KING OF PRUSSIA, PA 953,537953.5k $55.3m $55.3m 5.61% Added +16.3k +16,291
48 Zhang Financial LLC 4.53% of their portfolio PORTAGE, MI 909,980910.0k $52.7m $52.7m 4.53% Added +63.8k +63,848
49 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 879,109879.1k $51.0m $51.0m 0.06% Added +90.9k +90,942
50 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 848,592848.6k $49.2m $49.2m 0.01% Reduced -107.0k -107,004
51 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 848,588848.6k $49.2m $49.2m 0.06% Reduced -719.7k -719,667
52 St. Louis Trust Co 8.35% of their portfolio SAINT LOUIS, MO 837,132837.1k $48.5m $48.5m 8.35% Added +15.6k +15,605
53 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 807,823807.8k $46.8m $46.8m 0.09% Reduced -19.9k -19,866
54 Charter Oak Capital Management, LLC 5.37% of their portfolio PORTSMOUTH, NH 780,427780.4k $45.2m $45.2m 5.37% Added +73.7k +73,709
55 BlackRock Inc. 0.00% of their portfolio New York, NY 773,902773.9k $44.9m $44.9m 0.00% New
56 Towneley Capital Management, Inc / DE 11.36% of their portfolio LAGUNA HILLS, CA 764,533764.5k $44.3m $44.3m 11.36% First filing
57 UNIVEST FINANCIAL Corp 12.53% of their portfolio SOUDERTON, PA 730,936730.9k $42.4m $42.4m 12.53% Added +7.5k +7,470
58 AMG National Trust Bank 1.32% of their portfolio GREENWOOD VILLAGE, CO 723,989724.0k $42.0m $42.0m 1.32% Added +52.3k +52,284
59 Vestmark Advisory Solutions, Inc. 2.12% of their portfolio Wakefield, MA 718,607718.6k $41.7m $41.7m 2.12% Added +213.8k +213,779
60 D.A. DAVIDSON & CO. 0.39% of their portfolio GREAT FALLS, MT 679,184679.2k $39.4m $39.4m 0.39% Added +49.1k +49,085
61 SAM Advisors, LLC 15.45% of their portfolio OAKHURST, CA 676,098676.1k $39.2m $39.2m 15.45% Added +19.8k +19,781
62 COMERICA BANK 0.18% of their portfolio DALLAS, TX 666,059666.1k $38.6m $38.6m 0.18% Added +57.9k +57,902
63 Roble, Belko & Company, Inc 7.26% of their portfolio SEWICKLEY, PA 665,889665.9k $38.6m $38.6m 7.26% Added +62.8k +62,762
64 Provenance Wealth Advisors, LLC 5.10% of their portfolio FORT LAUDERDALE, FL 652,396652.4k $37.8m $37.8m 5.10% Reduced -41.5k -41,454
65 BOK Financial Private Wealth, Inc. 3.04% of their portfolio DENVER, CO 646,312646.3k $37.5m $37.5m 3.04% Added +200.6k +200,620
66 Connecticut Wealth Management, LLC 2.15% of their portfolio FARMINGTON, CT 645,112645.1k $37.4m $37.4m 2.15% Added +12.4k +12,400
67 Cetera Advisors LLC 0.52% of their portfolio DENVER, CO 642,217642.2k $37.2m $37.2m 0.52% Added +16.3k +16,283
68 PHILLIPS FINANCIAL MANAGEMENT, LLC 3.22% of their portfolio FORT WAYNE, IN 639,907639.9k $37.1m $37.1m 3.22% Reduced -9.8k -9,771
69 Mesirow Financial Investment Management, Inc. 1.29% of their portfolio CHICAGO, IL 624,484624.5k $36.2m $36.2m 1.29% New
70 Efficient Advisors, LLC 2.44% of their portfolio BEAVERTON, OR 624,367624.4k $36.2m $36.2m 2.44% Reduced -51.3k -51,251
71 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 618,594618.6k $35.9m $35.9m 0.01% Added +99.6k +99,613
72 Allen Investment Management, LLC 0.47% of their portfolio NEW YORK, NY 605,082605.1k $35.1m $35.1m 0.47% Reduced -6.0k -6,015
73 Avantax Planning Partners, Inc. 1.30% of their portfolio DUBUQUE, IA 589,203589.2k $34.2m $34.2m 1.30% Added +31.4k +31,356
74 MONETA GROUP INVESTMENT ADVISORS LLC 0.67% of their portfolio ST LOUIS, MO 588,206588.2k $34.1m $34.1m 0.67% Reduced -9.5k -9,451
75 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 587,649587.6k $34.1m $34.1m 0.06% Added +60.7k +60,705
76 Peak Financial Management, Inc. 10.93% of their portfolio WELLESLEY, MA 561,254561.3k $32.5m $32.5m 10.93% Added +60.4k +60,418
77 SIGNATUREFD, LLC 0.74% of their portfolio ATLANTA, GA 551,686551.7k $32.0m $32.0m 0.74% Reduced -50.3k -50,299
78 BUCKINGHAM STRATEGIC WEALTH, LLC 0.38% of their portfolio CLAYTON, MO 547,924547.9k $31.8m $31.8m 0.38% Reduced -8.7k -8,670
79 Rockefeller Capital Management L.P. 0.11% of their portfolio NEW YORK, NY 544,696544.7k $31.6m $31.6m 0.11% Added +7.0k +6,974
80 Gleason Group, Inc. 7.15% of their portfolio PROSPECT, KY 536,951537.0k $31.1m $31.1m 7.15% Added +23.5k +23,496
81 Standpoint Asset Management, LLC 8.91% of their portfolio SCOTTSDALE, AZ 524,300524.3k $30.4m $30.4m 8.91% Added +11.9k +11,900
82 Caprock Group, LLC 1.94% of their portfolio BOISE, ID 524,170524.2k $30.4m $30.4m 1.94% Added +3.9k +3,923
83 Dakota Wealth Management 1.16% of their portfolio PALM BEACH GARDENS, FL 512,779512.8k $29.7m $29.7m 1.16% Reduced -4.9k -4,877
84 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 509,592509.6k $29.5m $29.5m 0.02% Added +23.9k +23,873
85 Estate Counselors, LLC 3.61% of their portfolio Thiensville, WI 504,640504.6k $29.2m $29.2m 3.61% New
86 BURRUS FINANCIAL SERVICES, INC. 15.39% of their portfolio SALT LAKE CITY, UT 502,928502.9k $29.2m $29.2m 15.39% New
87 25 LLC 14.99% of their portfolio ST. LOUIS, MO 502,020502.0k $29.1m $29.1m 14.99% Added +28.4k +28,368
88 OKABENA INVESTMENT SERVICES INC 11.15% of their portfolio MINNEAPOLIS, MN 494,272494.3k $28.6m $28.6m 11.15% Added +96.9k +96,883
89 MML INVESTORS SERVICES, LLC 0.13% of their portfolio SPRINGFIELD, MA 488,471488.5k $28.3m $28.3m 0.13% Added +42.7k +42,733
90 Cresset Asset Management, LLC 0.17% of their portfolio Chicago, IL 486,073486.1k $28.2m $28.2m 0.17% Reduced -105.0k -105,037
91 White Lighthouse Investment Management Inc. 6.08% of their portfolio BEDFORD, MA 479,303479.3k $27.8m $27.8m 6.08% Added +17.4k +17,399
92 Schechter Investment Advisors, LLC 2.38% of their portfolio BIRMINGHAM, MI 474,007474.0k $27.5m $27.5m 2.38% Reduced -14.9k -14,879
93 CAHABA WEALTH MANAGEMENT, INC. 2.70% of their portfolio Atlanta, GA 469,439469.4k $27.2m $27.2m 2.70% Added +17.4k +17,388
94 James J. Burns & Company, LLC 6.41% of their portfolio MELVILLE, NY 464,417464.4k $26.9m $26.9m 6.41% Added +22.0k +21,960
95 WBH ADVISORY INC 2.97% of their portfolio BALTIMORE, MD 460,834460.8k $26.7m $26.7m 2.97% Reduced -16.8k -16,789
96 Private Advisor Group, LLC 0.20% of their portfolio MORRISTOWN, NJ 451,351451.4k $26.2m $26.2m 0.20% Added +45.5k +45,531
97 Abacus Planning Group, Inc. 5.39% of their portfolio COLUMBIA, SC 440,759440.8k $25.5m $25.5m 5.39% Added +6.7k +6,684
98 NATIXIS ADVISORS, LLC 0.07% of their portfolio Boston, MA 431,366431.4k $25.0m $25.0m 0.07% Reduced -2.3k -2,282
99 Mosaic Advisors LLC 14.66% of their portfolio HOUSTON, TX 426,163426.2k $24.7m $24.7m 14.66% Added +21.1k +21,135
100 Corrigan Financial, Inc. 7.46% of their portfolio MIDDLETOWN, RI 425,314425.3k $24.7m $24.7m 7.46% Added +31.1k +31,112