Vault-13

VANGUARD BD INDEX FDS BIV

INTERMED TERM · ETP · CUSIP 921937819

707 institutional holders +17 vs Q4 2022
111,674,673111.7m shares reported held*
$8.5bnreported value*
57 new 294 added 259 reduced 37 sold out net bought ≈ $578.6m (+8.4m 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 ($365.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.40. Options: 1 managers hold calls ($207.2k notional), 1 hold puts ($667.6k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 659Q4 22: 690Q1 23: 707707Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022659
Q4 2022690
Q1 2023707

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 281 bought or addedQ4 22: 325 cut or sold outQ4 22Q1 23: 351 bought or addedQ1 23: 296 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022281325
Q1 2023351296

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 22 calls: $294.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $282.4kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $207.2kQ1 23 puts: $667.6kQ1 23P/C 3.22
Numbers
QuarterCallsPutsP/C
Q3 2022$294.0k$00.00
Q4 2022$282.4k$00.00
Q1 2023$207.2k$667.6k3.22

Biggest buyers

FMR LLC Added +1,568,442+1.6m
Efficient Advisors, LLC Added +1,277,248+1.3m
American Trust Added +952,321+952.3k
Summit Wealth Group, LLC New +793,280+793.3k
Retirement Investment Advisors, Inc. Added +613,859+613.9k
LPL Financial LLC Added +534,529+534.5k
BANK OF AMERICA CORP /DE/ Added +505,764+505.8k
Keudell/Morrison Wealth Management New +452,152+452.2k
TRUIST FINANCIAL CORP Added +340,531+340.5k
Greystone Financial Group, LLC New +340,227+340.2k

Biggest sellers

Financial Engines Advisors L.L.C. Reduced -422,877-422.9k
Perigon Wealth Management, LLC Reduced -361,175-361.2k
BURNEY CO/ Reduced -359,721-359.7k
Estate Counselors, LLC Sold out -276,675-276.7k
GRIMES & Co WEALTH MANAGEMENT, LLC Reduced -242,256-242.3k
ATMOS ADVISORY, LLC Sold out -222,881-222.9k
STEPHENS INC /AR/ Reduced -206,044-206.0k
ARMSTRONG ADVISORY GROUP, INC Reduced -199,085-199.1k
Kestra Advisory Services, LLC Reduced -196,783-196.8k
EP Wealth Advisors, LLC Reduced -138,446-138.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $207.2k2.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $667.6k8.7k 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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 0.73% of their portfolio Berwyn, PA 19,816,98919.8m $1.5bn $1.5bn 0.73% Added +111.4k +111,436
2 WELLS FARGO & COMPANY/MN 0.15% of their portfolio SAN FRANCISCO, CA 6,515,3806.5m $500.0m $500.0m 0.15% Added +228.0k +228,049
3 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 5,602,8575.6m $430.0m $430.0m 0.05% Added +505.8k +505,764
4 UNITED CAPITAL FINANCIAL ADVISORS, LLC 2.25% of their portfolio IRVING, TX 5,259,9415.3m $403.6m $403.6m 2.25% Added +263.2k +263,153
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.56% of their portfolio MILWAUKEE, WI 5,210,4995.2m $399.9m $399.9m 0.56% Added +227.3k +227,346
6 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 4,749,7804.7m $364.5m $364.5m 0.10% Added +140.5k +140,513
7 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 4,429,3424.4m $339.9m $339.9m 0.04% Added +12.8k +12,772
8 LPL Financial LLC 0.23% of their portfolio FORT MILL, SC 3,764,2243.8m $288.9m $288.9m 0.23% Added +534.5k +534,529
9 FMR LLC 0.01% of their portfolio BOSTON, MA 3,100,2943.1m $237.9m $237.9m 0.01% Added +1.6m +1,568,442
10 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 2,530,9332.5m $194.4m $194.4m 0.06% Reduced -120.5k -120,507
11 Baird Financial Group, Inc. 0.46% of their portfolio MILWAUKEE, WI 2,420,7522.4m $185.8m $185.8m 0.46% Added +135.2k +135,166
12 OSAIC HOLDINGS, INC. 0.28% of their portfolio SCOTTSDALE, AZ 1,961,9392.0m $150.7m $150.7m 0.28% Reduced -42.8k -42,839
13 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,741,3701.7m $133.6m $133.6m 0.04% Added +235.4k +235,390
14 LINCOLN NATIONAL CORP 2.61% of their portfolio RADNOR, PA 1,616,0251.6m $124.0m $124.0m 2.61% Added +39.1k +39,103
15 Diana Davis Spencer Foundation 41.31% of their portfolio BETHESDA, MD 1,426,0001.4m $109.4m $109.4m 41.31% Unchanged
16 Efficient Advisors, LLC 7.01% of their portfolio BEAVERTON, OR 1,310,9401.3m $100.6m $100.6m 7.01% Added +1.3m +1,277,248
17 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,224,3991.2m $94.0m $94.0m 0.04% Reduced -61.1k -61,137
18 JONES FINANCIAL COMPANIES LLLP 0.15% of their portfolio DES PERES, MO 1,188,0021.2m $91.2m $91.2m 0.15% Reduced -64.6k -64,640
19 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,186,3221.2m $91.0m $91.0m 0.02% Reduced -41.7k -41,696
20 TRUIST FINANCIAL CORP 0.13% of their portfolio CHARLOTTE, NC 1,007,8581.0m $77.3m $77.3m 0.13% Added +340.5k +340,531
21 American Trust 5.11% of their portfolio LEXINGTON, KY 955,264955.3k $73.7m $73.7m 5.11% Added +952.3k +952,321
22 Cambridge Investment Research Advisors, Inc. 0.35% of their portfolio FAIRFIELD, IA 943,105943.1k $72.4m $72.4m 0.35% Added +17.0k +17,015
23 Summit Wealth Group, LLC 0.03% of their portfolio WHITE RIVER JUNCTION, VT 793,280793.3k $10 $10 0.03% New
24 Merit Financial Group, LLC 2.17% of their portfolio ALPHARETTA, GA 773,099773.1k $59.3m $59.3m 2.17% Added +50.2k +50,221
25 Retirement Investment Advisors, Inc. 10.18% of their portfolio OKLAHOMA CITY, OK 741,160741.2k $56.9m $56.9m 10.18% Added +613.9k +613,859
26 US BANCORP \DE\ 0.10% of their portfolio MINNEAPOLIS, MN 740,671740.7k $56.8m $56.8m 0.10% Reduced -76.3k -76,253
27 Mariner, LLC 0.15% of their portfolio Overland Park, KS 684,455684.5k $52.5m $52.5m 0.15% Added +31.5k +31,501
28 BCM ADVISORS, LLC 13.27% of their portfolio LAFAYETTE, LA 644,148644.1k $49.0m $49.0m 13.27% Reduced -8.7k -8,675
29 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 640,023640.0k $49.1m $49.1m 0.10% Added +46.4k +46,417
30 TIAA, FSB 0.17% of their portfolio ST. LOUIS, MO 594,851594.9k $45.6m $45.6m 0.17% Reduced -44.8k -44,820
31 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 527,985528.0k $40.5m $40.5m 0.09% Added +13.4k +13,409
32 COMERICA SECURITIES,INC. 2.93% of their portfolio DETROIT, MI 527,133527.1k $40.5m $40.5m 2.93% Added +26.6k +26,624
33 Brio Consultants, LLC 7.05% of their portfolio SAN FRANCISCO, CA 496,478496.5k $38.1m $38.1m 7.05% Added +17.1k +17,103
34 Badgley Phelps Wealth Managers, LLC 1.36% of their portfolio SEATTLE, WA 481,092481.1k $36.9m $36.9m 1.36% Added +23.8k +23,788
35 Keudell/Morrison Wealth Management 10.22% of their portfolio Salem, OR 452,152452.2k $34.7m $34.7m 10.22% New
36 CAPE COD FIVE CENTS SAVINGS BANK 3.78% of their portfolio HYANNIS, MA 451,422451.4k $34.6m $34.6m 3.78% Added +21.5k +21,520
37 Franklin, Parlapiano, Turner & Welch, LLC 10.80% of their portfolio HOUSTON, TX 442,090442.1k $33.9m $33.9m 10.80% Reduced -312 -312
38 Cannon Financial Strategists, Inc. 11.36% of their portfolio ATHENS, GA 437,213437.2k $33.6m $33.6m 11.36% Added +19.4k +19,394
39 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 433,126433.1k $33.1m $33.1m 0.08% Reduced -119.0k -118,968
40 Austin Private Wealth, LLC 5.05% of their portfolio Austin, TX 412,088412.1k $31.6m $31.6m 5.05% Added +10.4k +10,384
41 MML INVESTORS SERVICES, LLC 0.21% of their portfolio SPRINGFIELD, MA 396,146396.1k $30.4m $30.4m 0.21% Reduced -29.3k -29,322
42 Janney Montgomery Scott LLC 0.12% of their portfolio PHILADELPHIA, PA 391,707391.7k $30.1m $30.1m 0.12% Added +7.5k +7,486
43 BANK OF STOCKTON 10.47% of their portfolio STOCKTON, CA 391,412391.4k $30.0m $30.0m 10.47% Added +117.8k +117,788
44 Sand Hill Global Advisors, LLC 1.61% of their portfolio Palo Alto, CA 390,516390.5k $30.0m $30.0m 1.61% Added +4.8k +4,803
45 Burt Wealth Advisors 9.23% of their portfolio North Bethesda, MD 386,922386.9k $29.7m $29.7m 9.23% Reduced -17.0k -16,979
46 Modera Wealth Management, LLC 1.14% of their portfolio WESTWOOD, NJ 384,491384.5k $29.5m $29.5m 1.14% Reduced -1.9k -1,929
47 Cetera Investment Advisers 0.26% of their portfolio SCHAUMBURG, IL 380,698380.7k $29.2m $29.2m 0.26% Added +1.4k +1,393
48 FIRST NATIONAL BANK & TRUST CO OF NEWTOWN 6.26% of their portfolio NEWTOWN, PA 368,451368.5k $28.3m $28.3m 6.26% Reduced -5.9k -5,917
49 Cranbrook Wealth Management, LLC 7.91% of their portfolio Bloomfield Hills, MI 362,118362.1k $27.8m $27.8m 7.91% Reduced -2.4k -2,380
50 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 361,739361.7k $27.8m $27.8m 0.04% Added +49.4k +49,434
51 WEALTHSOURCE PARTNERS, LLC 1.87% of their portfolio SAN LUIS OBISPO, CA 359,469359.5k $27.6m $27.6m 1.87% Reduced -6.3k -6,346
52 Greystone Financial Group, LLC 6.58% of their portfolio BLOOMFIELD HILLS, MI 340,227340.2k $26.1m $26.1m 6.58% New
53 PEAPACK GLADSTONE FINANCIAL CORP 0.46% of their portfolio BEDMINSTER, NJ 316,249316.2k $24.1m $24.1m 0.46% Added +55.2k +55,193
54 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 311,007311.0k $23.9m $23.9m 0.02% Reduced -25.7k -25,686
55 True Link Financial Advisors, LLC 2.96% of their portfolio SAN FRANCISCO, CA 307,942307.9k $23.6m $23.6m 2.96% Added +302.1k +302,129
56 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 307,837307.8k $23.6m $23.6m 0.01% Reduced -32.1k -32,065
57 PINKERTON WEALTH, LLC 4.29% of their portfolio COEUR D ALENE, ID 299,150299.1k $23.0m $23.0m 4.29% Added +14.3k +14,266
58 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 297,415297.4k $22.8m $22.8m 0.04% Reduced -67.7k -67,687
59 Geneos Wealth Management Inc. 1.38% of their portfolio ENGLEWOOD, CO 296,026296.0k $22.7m $22.7m 1.38% Added +2.7k +2,695
60 OLIO Financial Planning 11.46% of their portfolio MCLEAN, VA 288,750288.8k $22.2m $22.2m 11.46% Added +27.3k +27,333
61 Atria Wealth Solutions, Inc. 0.33% of their portfolio NEW YORK, NY 287,730287.7k $22.1m $22.1m 0.33% Reduced -5.1k -5,142
62 Fullen Financial Group 11.45% of their portfolio COLUMBUS, OH 275,356275.4k $21.2m $21.2m 11.45% Added +12.4k +12,360
63 SUMMIT WEALTH & RETIREMENT PLANNING, INC. 7.58% of their portfolio EAGLE, ID 264,253264.3k $20.3m $20.3m 7.58% Reduced -11.1k -11,093
64 Diversified Portfolios, Inc. 4.38% of their portfolio Bloomfield Hills, MI 256,722256.7k $19.7m $19.7m 4.38% Reduced -58.5k -58,540
65 AVANTAX ADVISORY SERVICES, INC. 0.23% of their portfolio DALLAS, TX 248,752248.8k $19.1m $19.1m 0.23% Added +211.5k +211,496
66 Windward Private Wealth Management Inc. 7.92% of their portfolio OVERLAND PARK, KS 241,913241.9k $18.6m $18.6m 7.92% Added +2.5k +2,497
67 Willow Creek Wealth Management Inc. 2.71% of their portfolio Sebastopol, CA 229,225229.2k $17.6m $17.6m 2.71% Reduced -730 -730
68 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 229,135229.1k $17.6m $17.6m 0.02% Added +7.3k +7,285
69 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 210,149210.1k $16.1m $16.1m 0.03% New
70 Cetera Advisor Networks LLC 0.12% of their portfolio EL SEGUNDO, CA 207,825207.8k $15.9m $15.9m 0.12% Added +3.7k +3,651
71 FIFTH THIRD BANCORP 0.07% of their portfolio CINCINNATI, OH 207,351207.4k $15.9m $15.9m 0.07% Added +7.5k +7,492
72 Orion Porfolio Solutions, LLC 0.19% of their portfolio OMAHA, NE 205,797205.8k $15.8m $15.8m 0.19% Added +198.5k +198,459
73 Orion Portfolio Solutions, LLC 0.19% of their portfolio Omaha, NE 205,797205.8k $15.8m $15.8m 0.19% Added +13.3k +13,264
74 FIRST MERCHANTS CORP 1.40% of their portfolio Muncie, IN 204,692204.7k $15.7m $15.7m 1.40% Added +12.0k +12,044
75 Wealthfront Advisers LLC 0.07% of their portfolio Palo Alto, CA 198,958199.0k $15.3m $15.3m 0.07% Added +41.5k +41,460
76 Scott Capital Advisors, LLC 7.24% of their portfolio PORTLAND, OR 195,889195.9k $15.0m $15.0m 7.24% Added +133.9k +133,920
77 Schiavi & Co LLC 6.50% of their portfolio WILMINGTON, DE 195,489195.5k $15.0m $15.0m 6.50% Added +125.6k +125,556
78 WEBSTERROGERS FINANCIAL ADVISORS, LLC 6.63% of their portfolio FLORENCE, SC 187,875187.9k $14.4m $14.4m 6.63% Added +63.9k +63,862
79 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 185,704185.7k $14.5m $14.5m 0.02% Added +5.0k +4,994
80 CreativeOne Wealth, LLC 0.68% of their portfolio OVERLAND PARK, KS 180,440180.4k $13.8m $13.8m 0.68% Added +10.4k +10,364
81 Verde Capital Management 5.76% of their portfolio CLARKSTON, MI 180,013180.0k $13.8m $13.8m 5.76% Added +1.1k +1,132
82 Brookstone Capital Management 0.27% of their portfolio WHEATON, IL 179,904179.9k $13.7m $13.7m 0.27% Added +3.5k +3,491
83 Signify Wealth 11.94% of their portfolio SAINT LOUIS, MO 176,172176.2k $13.5m $13.5m 11.94% Reduced -1.7k -1,667
84 Brewster Financial Planning LLC 13.45% of their portfolio BROOKLYN, NY 174,721174.7k $13.4m $13.4m 13.45% Added +4.0k +4,031
85 Human Investing LLC 3.25% of their portfolio LAKE OSWEGO, OR 174,412174.4k $13.4m $13.4m 3.25% Added +1.4k +1,438
86 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio OMAHA, NE 169,733169.7k $13.0m $13.0m 0.13% Reduced -5.8k -5,772
87 Pacific Capital Wealth Advisors, Inc. 3.29% of their portfolio CORONA, CA 166,561166.6k $12.8m $12.8m 3.29% Added +32.6k +32,559
88 NewSquare Capital LLC 1.47% of their portfolio NEWTOWN SQUARE, PA 161,910161.9k $12.4m $12.4m 1.47% Reduced -3.5k -3,480
89 Amplius Wealth Advisors, LLC 1.75% of their portfolio BLUE BELL, PA 159,271159.3k $12.2m $12.2m 1.75% Added +17.5k +17,457
90 Sage Financial Management Group, Inc. 9.81% of their portfolio MCLEAN, VA 158,708158.7k $12.2m $12.2m 9.81% Reduced -10.6k -10,572
91 AE Wealth Management LLC 0.08% of their portfolio TOPEKA, KS 158,060158.1k $12.1m $12.1m 0.08% Reduced -26.8k -26,754
92 Betterment LLC 0.04% of their portfolio NEW YORK, NY 156,254156.3k $12.0m $12.0m 0.04% Added +2.1k +2,124
93 Smithfield Trust Co 0.77% of their portfolio PITTSBURGH, PA 155,936155.9k $12.0m $12.0m 0.77% Reduced -460 -460
94 STEPHENS INC /AR/ 0.23% of their portfolio LITTLE ROCK, AR 155,142155.1k $11.9m $11.9m 0.23% Reduced -206.0k -206,044
95 ForthRight Wealth Management, LLC 5.44% of their portfolio ALPHARETTA, GA 154,950154.9k $11.9m $11.9m 5.44% Added +42.7k +42,684
96 Planned Solutions, Inc. 7.47% of their portfolio FOLSOM, CA 153,688153.7k $11.8m $11.8m 7.47% New
97 Echo Wealth Management, LLC 12.89% of their portfolio PLYMOUTH, MN 152,056152.1k $11.7m $11.7m 12.89% Added +125.6k +125,559
98 Consolidated Portfolio Review Corp 3.12% of their portfolio WOODBURY, NY 150,487150.5k $11.5m $11.5m 3.12% First filing
99 Asset Management Group, Inc. 2.57% of their portfolio STAMFORD, CT 150,427150.4k $11.5m $11.5m 2.57% Added +3.3k +3,319
100 Financial Engines Advisors L.L.C. 0.03% of their portfolio SANTA CLARA, CA 144,584144.6k $11.1m $11.1m 0.03% Reduced -422.9k -422,877