Vault-13

VANGUARD ADMIRAL FDS INC VIOV

SMLCP 600 VAL · ETP · CUSIP 921932778

155 institutional holders -6 vs Q1 2023
5,779,3825.8m shares reported held*
$474.3mreported value*
12 new 48 added 51 reduced 20 sold out net sold ≈ $25.4m (-350.7k 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 ($307.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $82.06. Options: 1 managers hold calls ($295.6k notional), 1 hold puts ($82.1k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 135Q4 22: 151Q1 23: 161Q2 23: 155155Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022135
Q4 2022151
Q1 2023161
Q2 2023155

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 69 bought or addedQ4 22: 66 cut or sold outQ4 22Q1 23: 86 bought or addedQ1 23: 57 cut or sold outQ1 23Q2 23: 60 bought or addedQ2 23: 71 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20226966
Q1 20238657
Q2 20236071

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $258.4kQ1 23 puts: $105.0kQ1 23P/C 0.41Q2 23 calls: $295.6kQ2 23 puts: $82.1kQ2 23P/C 0.28
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$258.4k$105.0k0.41
Q2 2023$295.6k$82.1k0.28

Biggest buyers

SILVERCREST ASSET MANAGEMENT GROUP LLC Added +37,472+37.5k
RAYMOND JAMES & ASSOCIATES Added +28,303+28.3k
N.E.W. Advisory Services LLC Added +17,790+17.8k
Thrivent Financial for Lutherans New +16,484+16.5k
AMERIPRISE FINANCIAL INC Added +12,600+12.6k
Raymond James Financial Services Advisors, Inc. Added +12,452+12.5k
Arista Wealth Management, LLC Added +10,135+10.1k
TWO SIGMA INVESTMENTS, LP New +8,700+8.7k
ASSET PLANNING CORPORATION Added +7,188+7.2k
VALLEY NATIONAL ADVISERS INC Added +7,017+7.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -93,275-93.3k
BANK OF AMERICA CORP /DE/ Reduced -85,571-85.6k
INTEGRATED CAPITAL MANAGEMENT, INC. Reduced -61,472-61.5k
WELLS FARGO & COMPANY/MN Reduced -34,894-34.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -33,854-33.9k
STIFEL FINANCIAL CORP Reduced -30,748-30.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -24,604-24.6k
Empowered Funds, LLC Sold out -22,021-22.0k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -20,486-20.5k
Merriman Wealth Management, LLC Sold out -14,665-14.7k

Biggest calls

Belvedere Trading LLC Added $295.6k3.6k shares

Biggest puts

Belvedere Trading LLC Reduced $82.1k1.0k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 N.E.W. Advisory Services LLC 6.21% of their portfolio DE PERE, WI 542,679542.7k $44.6m $44.6m 6.21% Added +17.8k +17,790
2 UBS Group AG 0.01% of their portfolio ZURICH, V8 391,883391.9k $32.2m $32.2m 0.01% Added +212 +212
3 Gallagher Fiduciary Advisors, LLC 2.03% of their portfolio ROLLING MEADOWS, IL 325,813325.8k $26.8m $26.8m 2.03% Added +4.9k +4,874
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 291,180291.2k $23.9m $23.9m 0.00% Reduced -1.2k -1,165
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 258,290258.3k $21.2m $21.2m 0.00% Reduced -85.6k -85,571
6 RFG Holdings, Inc. 15.02% of their portfolio Argyle, TX 233,689233.7k $18.9m $18.9m 15.02% Unchanged
7 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 219,692219.7k $18.0m $18.0m 0.01% Reduced -24.6k -24,604
8 One Day In July LLC 3.12% of their portfolio BURLINGTON, VT 210,207210.2k $17.3m $17.3m 3.12% Added +3.0k +3,019
9 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 181,751181.8k $14.9m $14.9m 0.01% Added +28.3k +28,303
10 SYM FINANCIAL Corp 2.91% of their portfolio WINONA LAKE, IN 174,825174.8k $14.4m $14.4m 2.91% Reduced -6.4k -6,378
11 CWM, LLC 0.09% of their portfolio OMAHA, NE 168,397168.4k $13.8m $13.8m 0.09% Reduced -13.7k -13,725
12 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 128,818128.8k $10.6m $10.6m 0.02% Added +1.5k +1,533
13 FIRST MANHATTAN CO. LLC. 0.04% of their portfolio NEW YORK, NY 126,603126.6k $10.4m $10.4m 0.04% Reduced -177 -177
14 Silver Oak Advisory Group, Inc. 5.03% of their portfolio PORTLAND, OR 93,74793.7k $7.7m $7.7m 5.03% Added +3.0k +3,034
15 ASSET PLANNING CORPORATION 5.76% of their portfolio KNOXVILLE, TN 92,33892.3k $7.6m $7.6m 5.76% Added +7.2k +7,188
16 Legend Financial Advisors, Inc. 5.75% of their portfolio PITTSBURGH, PA 83,88983.9k $6.9m $6.9m 5.75% Reduced -383 -383
17 Cannon Financial Strategists, Inc. 1.84% of their portfolio ATHENS, GA 81,67381.7k $6.7m $6.7m 1.84% Reduced -8 -8
18 Mokosak Advisory Group, LLC 2.59% of their portfolio URBANDALE, IA 79,71479.7k $6.5m $6.5m 2.59% Added +1.3k +1,285
19 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.05% of their portfolio NEW YORK, NY 79,58679.6k $6.5m $6.5m 0.05% Added +37.5k +37,472
20 First Bank & Trust 1.60% of their portfolio BROOKINGS, SD 76,67276.7k $6.3m $6.3m 1.60% Unchanged
21 RIVERSEDGE ADVISORS, LLC 1.69% of their portfolio Wilmington, DE 75,16475.2k $6.2m $6.2m 1.69% Reduced -1.9k -1,948
22 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 74,65174.7k $6.1m $6.1m 0.01% Added +12.5k +12,452
23 PARK AVENUE SECURITIES LLC 0.09% of their portfolio NEW YORK, NY 72,79872.8k $6.0m $6.0m 0.09% Reduced -679 -679
24 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 66,63966.6k $5.5m $5.5m 0.01% Reduced -5.1k -5,105
25 Spire Wealth Management 0.20% of their portfolio MCLEAN, VA 65,03565.0k $5.3m $5.3m 0.20% Reduced -810 -810
26 ASPIRIANT, LLC 0.27% of their portfolio San Francisco, CA 64,98965.0k $5.3m $5.3m 0.27% Reduced -5.1k -5,125
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 64,94964.9k $5.3m $5.3m 0.00% Reduced -93.3k -93,275
28 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 63,43063.4k $5.2m $5.2m 0.00% Reduced -1.8k -1,816
29 VALLEY NATIONAL ADVISERS INC 0.85% of their portfolio BETHLEHEM, PA 61,63961.6k $5.1m $5.1m 0.85% Added +7.0k +7,017
30 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 58,82058.8k $4.8m $4.8m 0.01% Reduced -20.5k -20,486
31 Fifth Third Securities, Inc. 0.51% of their portfolio Cincinnati, OH 56,63356.6k $4.7m $4.7m 0.51% Reduced -108 -108
32 JFS WEALTH ADVISORS, LLC 0.36% of their portfolio HERMITAGE, PA 48,62748.6k $4.0m $4.0m 0.36% Added +132 +132
33 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 45,11445.1k $3.7m $3.7m 0.00% Added +12.6k +12,600
34 EVERGREEN CAPITAL MANAGEMENT LLC 0.15% of their portfolio Bellevue, WA 44,87044.9k $3.7m $3.7m 0.15% Unchanged
35 INTEGRATED CAPITAL MANAGEMENT, INC. 3.27% of their portfolio JESSUP, PA 44,59444.6k $3.7m $3.7m 3.27% Reduced -61.5k -61,472
36 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 41,92741.9k $3.4m $3.4m 0.00% Reduced -34.9k -34,894
37 BRANDYWINE OAK PRIVATE WEALTH LLC 0.37% of their portfolio Kennett Square, PA 39,95940.0k $3.3m $3.3m 0.37% Reduced -940 -940
38 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 39,51439.5k $3.2m $3.2m 0.01% Added +3.3k +3,310
39 Resonant Capital Advisors, LLC 0.29% of their portfolio Madison, WI 31,87831.9k $2.6m $2.6m 0.29% Added +1.6k +1,558
40 Rehmann Capital Advisory Group 0.23% of their portfolio LANSING, MI 31,47131.5k $2.6m $2.6m 0.23% Added +1.3k +1,325
41 Global Retirement Partners, LLC 0.13% of their portfolio San Rafael, CA 31,39231.4k $2.6m $2.6m 0.13% Added +4.4k +4,420
42 EXENCIAL WEALTH ADVISORS, LLC 0.12% of their portfolio OKLAHOMA CITY, OK 30,53930.5k $2.5m $2.5m 0.12% Unchanged
43 SAXON INTERESTS, INC. 1.30% of their portfolio HOUSTON, TX 29,60629.6k $2.4m $2.4m 1.30% Added +594 +594
44 Sierra Capital LLC 0.38% of their portfolio MIAMI, FL 29,07129.1k $2.4m $2.4m 0.38% Added +1.5k +1,516
45 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 28,25828.3k $2.3m $2.3m 0.02% Added +212 +212
46 Evensky & Katz LLC 0.17% of their portfolio CORAL GABLES, FL 27,76527.8k $2.3m $2.3m 0.17% Reduced -994 -994
47 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 27,23227.2k $2.2m $2.2m 0.02% Added +779 +779
48 Composition Wealth, LLC 0.07% of their portfolio LOS ANGELES, CA 27,11527.1k $2.2m $2.2m 0.07% Unchanged
49 CIBC WORLD MARKET INC. 0.01% of their portfolio TORONTO, A6 23,93623.9k $2.0m $2.0m 0.01% Added +250 +250
50 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 22,85022.9k $1.9m $1.9m 0.01% Added +515 +515
51 Integrated Investment Consultants, LLC 0.58% of their portfolio BLOOMFIELD HILLS, MI 22,46022.5k $1.8m $1.8m 0.58% Reduced -1.4k -1,416
52 J.P. Morgan Private Wealth Advisors LLC 0.01% of their portfolio SAN FRANCISCO, CA 21,91821.9k $1.8m $1.8m 0.01% Reduced -646 -646
53 Ackerman Capital Advisors, LLC 0.43% of their portfolio DALLAS, TX 20,33420.3k $1.7m $1.7m 0.43% Reduced -989 -989
54 Red Door Wealth Management, LLC 0.34% of their portfolio Memphis, TN 18,55018.6k $1.5m $1.5m 0.34% Unchanged
55 Sigma Planning Corp 0.05% of their portfolio ANN ARBOR, MI 17,41817.4k $1.4m $1.4m 0.05% Added +4.2k +4,158
56 Mariner, LLC 0.00% of their portfolio Overland Park, KS 16,68416.7k $1.4m $1.4m 0.00% Added +3.2k +3,249
57 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 16,48416.5k $1.4m $1.4m 0.00% New
58 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.12% of their portfolio FORT WAYNE, IN 15,37415.4k $1.3m $1.3m 0.12% Reduced -1.5k -1,504
59 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 14,17414.2k $1.2m $1.2m 0.01% Reduced -8.2k -8,232
60 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 14,00314.0k $1.1m $1.1m 0.00% Reduced -7.7k -7,701
61 Arista Wealth Management, LLC 0.46% of their portfolio Las Vegas, NV 13,54313.5k $1.1m $1.1m 0.46% Added +10.1k +10,135
62 Financial Strategies Group, Inc. 0.35% of their portfolio OKEMOS, MI 13,23913.2k $1.1m $1.1m 0.35% Reduced -515 -515
63 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 13,16213.2k $1.1m $1.1m 0.00% Reduced -33.9k -33,854
64 Pacific Sun Financial Corp 0.71% of their portfolio LOS ANGELES, CA 13,09413.1k $1.1m $1.1m 0.71% First filing
65 Relyea Zuckerberg Hanson LLC 0.24% of their portfolio STAMFORD, CT 13,02013.0k $1.1m $1.1m 0.24% Reduced -851 -851
66 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 12,44212.4k $1.0m $1.0m 0.01% Added +419 +419
67 Wealth Architects, LLC 0.16% of their portfolio MOUNTAIN VIEW, CA 12,07012.1k $991.1k $991.1k 0.16% Unchanged
68 MACROVIEW INVESTMENT MANAGEMENT LLC 1.43% of their portfolio BETHESDA, MD 11,34111.3k $931.2k $931.2k 1.43% Added +362 +362
69 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 11,21011.2k $920.5k $920.5k 0.00% Unchanged
70 Mariner Managed Account Solutions, LLC 0.07% of their portfolio Boston, MA 10,97611.0k $901.3k $901.3k 0.07% Reduced -4.5k -4,478
71 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 9,6959.7k $796.1k $796.1k 0.00% Reduced -3.4k -3,387
72 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 8,9438.9k $734.3k $734.3k 0.00% Reduced -5.9k -5,941
73 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 8,7008.7k $714.4k $714.4k 0.00% New
74 Bristlecone Advisors, LLC 0.07% of their portfolio BELLEVUE, WA 8,4008.4k $689.7k $689.7k 0.07% Unchanged
75 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 7,9768.0k $654.9k $654.9k 0.00% Unchanged
76 Mills Wealth Advisors LLC 0.50% of their portfolio SOUTHLAKE, TX 7,9437.9k $652.2k $652.2k 0.50% Reduced -45 -45
77 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 7,8117.8k $641.4k $641.4k 0.00% Reduced -2.1k -2,141
78 RWA WEALTH PARTNERS, LLC 0.01% of their portfolio BOSTON, MA 7,5027.5k $616.0k $616.0k 0.01% Added +1.9k +1,890
79 Stokes Family Office, LLC 0.07% of their portfolio NEW ORLEANS, LA 7,2987.3k $599.3k $599.3k 0.07% Reduced -127 -127
80 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 7,1797.2k $590.0k $590.0k 0.00% Added +132 +132
81 Financial Freedom, LLC 0.41% of their portfolio CINCINNATI, OH 7,0507.0k $578.9k $578.9k 0.41% Unchanged
82 Avior Wealth Management, LLC 0.04% of their portfolio OMAHA, NE 7,0247.0k $576.8k $576.8k 0.04% Added +29 +29
83 COMERICA SECURITIES,INC. 0.04% of their portfolio DETROIT, MI 7,0207.0k $578.9k $578.9k 0.04% Unchanged
84 Arete Wealth Advisors, LLC 0.05% of their portfolio CHICAGO, IL 6,7256.7k $552.0k $552.0k 0.05% Added +148 +148
85 Rodgers & Associates, LTD 0.07% of their portfolio Lancaster, PA 6,2006.2k $509.1k $509.1k 0.07% Reduced -1.2k -1,200
86 Sepio Capital, LP 0.04% of their portfolio Salt Lake City, UT 5,9786.0k $490.9k $490.9k 0.04% Unchanged
87 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 5,8115.8k $477.0k $477.0k 0.00% Added +898 +898
88 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,6505.7k $464.0k $464.0k 0.00% Unchanged
89 BEACON INVESTMENT ADVISORY SERVICES, INC. 0.02% of their portfolio MORRISTOWN, NJ 5,0005.0k $410.6k $410.6k 0.02% New
90 Stone Summit Wealth LLC 0.17% of their portfolio MIAMI, FL 4,9344.9k $405.1k $405.1k 0.17% Added +892 +892
91 Icon Wealth Partners, LLC 0.04% of their portfolio HOUSTON, TX 4,4384.4k $364.4k $364.4k 0.04% Unchanged
92 Rockbridge Investment Management, LCC 0.06% of their portfolio Syracuse, NY 4,4324.4k $363.9k $363.9k 0.06% Reduced -1.5k -1,506
93 Roberts Financial Services LLC 0.07% of their portfolio MARQUETTE, MI 3,8783.9k $318.4k $318.4k 0.07% Added +230 +230
94 Valmark Advisers, Inc. 0.01% of their portfolio AKRON, OH 3,8703.9k $317.8k $317.8k 0.01% Added +262 +262
95 GFG Capital, LLC 0.06% of their portfolio MIAMI, FL 3,8443.8k $315.6k $315.6k 0.06% Unchanged
96 FAS Wealth Partners, Inc. 0.04% of their portfolio LEAWOOD, KS 3,7733.8k $309.8k $309.8k 0.04% Unchanged
97 Equitable Holdings, Inc. 0.00% of their portfolio NEW YORK, NY 3,7453.7k $307.5k $307.5k 0.00% Added +150 +150
98 LOWERY THOMAS, LLC 0.30% of their portfolio PEBBLE BEACH, CA 3,6623.7k $300.7k $300.7k 0.30% Added +200 +200
99 STUDIO INVESTMENT MANAGEMENT LLC 0.08% of their portfolio CHICAGO, IL 3,6593.7k $301.7k $301.7k 0.08% Added +3.3k +3,321
100 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 3,6223.6k $297.4k $297.4k 0.02% Reduced -9.7k -9,720