Vault-13

VANGUARD BD INDEX FDS BIV

INTERMED TERM · ETP · CUSIP 921937819

827 institutional holders +100 vs Q3 2023
149,642,520149.6m shares reported held*
$11.4bnreported value*
80 new 315 added 296 reduced 41 sold out net bought ≈ $1.1bn (+14.2m 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 ($3.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.40. Options: 1 managers hold calls ($343.7k notional), 0 hold puts (—).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 659Q4 22: 690Q1 23: 707Q2 23: 728Q3 23: 727Q4 23: 827827Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022659
Q4 2022690
Q1 2023707
Q2 2023728
Q3 2023727
Q4 2023827

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 23Q2 23: 376 bought or addedQ2 23: 277 cut or sold outQ2 23Q3 23: 377 bought or addedQ3 23: 318 cut or sold outQ3 23Q4 23: 395 bought or addedQ4 23: 337 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022281325
Q1 2023351296
Q2 2023376277
Q3 2023377318
Q4 2023395337

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ1 23 calls: $207.2kQ1 23 puts: $667.6kQ1 23P/C 3.22Q2 23 calls: $240.7kQ2 23 puts: $0Q2 23P/C 0.00Q3 23 calls: $202.5kQ3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $343.7kQ4 23 puts: $0Q4 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2023$207.2k$667.6k3.22
Q2 2023$240.7k$00.00
Q3 2023$202.5k$00.00
Q4 2023$343.7k$00.00

Biggest buyers

GOLDMAN SACHS GROUP INC Added +6,843,422+6.8m
MORGAN STANLEY Added +5,315,780+5.3m
BANK OF AMERICA CORP /DE/ Added +1,625,735+1.6m
Beacon Capital Management, Inc. Added +925,367+925.4k
True Link Financial Advisors, LLC Added +706,134+706.1k
EP Wealth Advisors, LLC Added +540,234+540.2k
Amplius Wealth Advisors, LLC Added +442,732+442.7k
FINANCIAL COUNSELORS INC Added +427,201+427.2k
TIAA TRUST, NATIONAL ASSOCIATION Added +360,926+360.9k
SMI Advisory Services, LLC New +308,660+308.7k

Biggest sellers

UNITED CAPITAL FINANCIAL ADVISORS, LLC Reduced -2,187,683-2.2m
ENVESTNET ASSET MANAGEMENT INC Reduced -1,468,874-1.5m
Merit Financial Group, LLC Reduced -928,053-928.1k
CAPE COD FIVE CENTS SAVINGS BANK Reduced -806,219-806.2k
Retirement Investment Advisors, Inc. Reduced -753,611-753.6k
JANE STREET GROUP, LLC Sold out -462,410-462.4k
OSAIC HOLDINGS, INC. Reduced -440,659-440.7k
WELLS FARGO & COMPANY/MN Reduced -375,348-375.3k
Baird Financial Group, Inc. Reduced -371,065-371.1k
PRINCIPAL FINANCIAL GROUP INC Reduced -281,161-281.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $343.7k4.5k shares

Biggest puts

None

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 ENVESTNET ASSET MANAGEMENT INC 0.51% of their portfolio Berwyn, PA 16,095,51716.1m $1.2bn $1.2bn 0.51% Reduced -1.5m -1,468,874
2 GOLDMAN SACHS GROUP INC 0.20% of their portfolio NEW YORK, NY 12,046,24712.0m $920.1m $920.1m 0.20% Added +6.8m +6,843,422
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 10,313,30810.3m $787.7m $787.7m 0.03% Added +5.3m +5,315,780
4 WELLS FARGO & COMPANY/MN 0.17% of their portfolio SAN FRANCISCO, CA 7,656,4247.7m $584.8m $584.8m 0.17% Reduced -375.3k -375,348
5 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 7,072,6187.1m $540.2m $540.2m 0.06% Added +1.6m +1,625,735
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.53% of their portfolio MILWAUKEE, WI 6,131,7106.1m $468.4m $468.4m 0.53% Added +188.9k +188,865
7 LPL Financial LLC 0.18% of their portfolio FORT MILL, SC 3,938,3283.9m $300.8m $300.8m 0.18% Reduced -124.5k -124,532
8 MATHER GROUP, LLC. 3.15% of their portfolio CHICAGO, IL 2,626,6872.6m $200.6m $200.6m 3.15% Added +119.3k +119,258
9 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 2,617,4112.6m $200.0m $200.0m 0.06% Added +224.0k +223,958
10 UNITED CAPITAL FINANCIAL ADVISORS, LLC 1.63% of their portfolio IRVING, TX 2,572,6312.6m $196.5m $196.5m 1.63% Reduced -2.2m -2,187,683
11 Baird Financial Group, Inc. 0.40% of their portfolio MILWAUKEE, WI 2,281,4882.3m $174.3m $174.3m 0.40% Reduced -371.1k -371,065
12 FMR LLC 0.01% of their portfolio BOSTON, MA 2,191,6222.2m $167.4m $167.4m 0.01% Added +212.7k +212,682
13 Envestnet Portfolio Solutions, Inc. 0.69% of their portfolio BERWYN, PA 2,171,6912.2m $165.9m $165.9m 0.69% Added +4.6k +4,623
14 OSAIC HOLDINGS, INC. 0.29% of their portfolio SCOTTSDALE, AZ 2,153,8482.2m $164.6m $164.6m 0.29% Reduced -440.7k -440,659
15 True Link Financial Advisors, LLC 16.42% of their portfolio SAN FRANCISCO, CA 1,986,1222.0m $151.7m $151.7m 16.42% Added +706.1k +706,134
16 LINCOLN NATIONAL CORP 2.39% of their portfolio RADNOR, PA 1,779,0411.8m $135.9m $135.9m 2.39% Added +49.3k +49,348
17 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 1,732,5571.7m $132.3m $132.3m 0.03% Reduced -33.2k -33,203
18 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,602,5361.6m $122.4m $122.4m 0.05% Reduced -162.4k -162,371
19 Diana Davis Spencer Foundation 41.23% of their portfolio BETHESDA, MD 1,426,0001.4m $108.9m $108.9m 41.23% Unchanged
20 TIAA TRUST, NATIONAL ASSOCIATION 0.31% of their portfolio CHARLOTTE, NC 1,213,6531.2m $92.8m $92.8m 0.31% Added +360.9k +360,926
21 JONES FINANCIAL COMPANIES LLLP 0.14% of their portfolio DES PERES, MO 1,194,3091.2m $91.2m $91.2m 0.14% Added +35.0k +34,980
22 Efficient Advisors, LLC 6.00% of their portfolio BEAVERTON, OR 1,163,5631.2m $88.9m $88.9m 6.00% Reduced -241.0k -240,984
23 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,157,6131.2m $88.4m $88.4m 0.02% Reduced -10.4k -10,389
24 Mariner, LLC 0.21% of their portfolio Overland Park, KS 1,149,9111.1m $87.8m $87.8m 0.21% Added +128.7k +128,703
25 EP Wealth Advisors, LLC 1.05% of their portfolio TORRANCE, CA 1,080,1721.1m $82.5m $82.5m 1.05% Added +540.2k +540,234
26 Retirement Investment Advisors, Inc. 11.65% of their portfolio OKLAHOMA CITY, OK 1,065,7651.1m $81.4m $81.4m 11.65% Reduced -753.6k -753,611
27 US BANCORP \DE\ 0.11% of their portfolio MINNEAPOLIS, MN 999,927999.9k $76.4m $76.4m 0.11% Reduced -12.3k -12,269
28 American Trust 5.60% of their portfolio LEXINGTON, KY 993,363993.4k $75.9m $75.9m 5.60% Added +60.3k +60,265
29 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 954,604954.6k $72.9m $72.9m 0.12% Added +155.2k +155,245
30 Cambridge Investment Research Advisors, Inc. 0.31% of their portfolio FAIRFIELD, IA 949,915949.9k $72.6m $72.6m 0.31% Reduced -13.4k -13,407
31 Beacon Capital Management, Inc. 2.89% of their portfolio DAYTON, OH 938,961939.0k $71.7m $71.7m 2.89% Added +925.4k +925,367
32 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.21% of their portfolio PLYMOUTH, MN 930,774930.8k $71.1m $71.1m 0.21% Reduced -9.5k -9,520
33 COMERICA BANK 0.32% of their portfolio DALLAS, TX 909,989910.0k $69.5m $69.5m 0.32% Reduced -153.5k -153,498
34 BCM ADVISORS, LLC 14.96% of their portfolio LAFAYETTE, LA 749,599749.6k $56.9m $56.9m 14.96% Added +52.8k +52,784
35 FINANCIAL COUNSELORS INC 1.00% of their portfolio Overland Park, KS 734,566734.6k $56.1m $56.1m 1.00% Added +427.2k +427,201
36 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 698,486698.5k $53.4m $53.4m 0.10% Added +10.5k +10,458
37 Amplius Wealth Advisors, LLC 6.18% of their portfolio BLUE BELL, PA 669,834669.8k $51.2m $51.2m 6.18% Added +442.7k +442,732
38 Brio Consultants, LLC 8.37% of their portfolio SAN FRANCISCO, CA 617,982618.0k $47.2m $47.2m 8.37% Added +5.7k +5,715
39 Raymond James Financial Services Advisors, Inc. 0.07% of their portfolio ST. PETERSBURG, FL 556,449556.4k $42.5m $42.5m 0.07% Added +87.2k +87,229
40 Reliant Wealth Planning 19.88% of their portfolio LOUISVILLE, KY 536,096536.1k $40.9m $40.9m 19.88% Added +232.0k +231,990
41 MML INVESTORS SERVICES, LLC 0.18% of their portfolio SPRINGFIELD, MA 520,740520.7k $39.8m $39.8m 0.18% Added +59.9k +59,885
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 518,396518.4k $39.6m $39.6m 0.00% Added +264.7k +264,665
43 Badgley Phelps Wealth Managers, LLC 1.03% of their portfolio SEATTLE, WA 492,765492.8k $37.6m $37.6m 1.03% Added +1.4k +1,438
44 PEAPACK GLADSTONE FINANCIAL CORP 0.62% of their portfolio BEDMINSTER, NJ 484,575484.6k $37.0m $37.0m 0.62% Added +66.7k +66,687
45 CARY STREET PARTNERS INVESTMENT ADVISORY LLC 1.56% of their portfolio RICHMOND, VA 468,544468.5k $32.8m $32.8m 1.56% Added +48.7k +48,661
46 Franklin, Parlapiano, Turner & Welch, LLC 10.13% of their portfolio HOUSTON, TX 462,601462.6k $35.3m $35.3m 10.13% Added +3.7k +3,680
47 Cranbrook Wealth Management, LLC 9.31% of their portfolio Bloomfield Hills, MI 456,603456.6k $34.9m $34.9m 9.31% Added +35.9k +35,916
48 Keudell/Morrison Wealth Management 11.33% of their portfolio Salem, OR 449,388449.4k $34.3m $34.3m 11.33% Reduced -18.9k -18,890
49 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 442,748442.7k $33.8m $33.8m 0.04% Reduced -7.3k -7,272
50 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 438,820438.8k $33.6m $33.6m 0.01% Added +137.7k +137,660
51 AVANTAX ADVISORY SERVICES, INC. 0.32% of their portfolio DALLAS, TX 417,169417.2k $31.9m $31.9m 0.32% Added +64.4k +64,380
52 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 408,850408.9k $31.2m $31.2m 0.10% Added +12.6k +12,597
53 Cerity Partners LLC 0.10% of their portfolio NEW YORK, NY 403,493403.5k $30.8m $30.8m 0.10% Added +216.3k +216,302
54 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 399,365399.4k $30.5m $30.5m 0.02% Added +49.9k +49,892
55 Austin Private Wealth, LLC 3.85% of their portfolio Austin, TX 399,230399.2k $30.5m $30.5m 3.85% Reduced -41.5k -41,548
56 CAROLINAS WEALTH CONSULTING LLC 6.57% of their portfolio CHARLOTTE, NC 395,289395.3k $30.2m $30.2m 6.57% Added +65.4k +65,359
57 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 388,945388.9k $29.7m $29.7m 0.02% Added +57.5k +57,508
58 Prime Capital Investment Advisors, LLC 0.45% of their portfolio OVERLAND PARK, KS 388,919388.9k $29.7m $29.7m 0.45% Added +283.4k +283,408
59 Cannon Financial Strategists, Inc. 6.29% of their portfolio ATHENS, GA 384,504384.5k $29.4m $29.4m 6.29% Reduced -18.1k -18,131
60 Modera Wealth Management, LLC 0.47% of their portfolio WESTWOOD, NJ 369,077369.1k $28.2m $28.2m 0.47% Reduced -37.1k -37,068
61 Francis Financial, Inc. 11.95% of their portfolio NEW YORK, NY 364,427364.4k $27.8m $27.8m 11.95% Added +49.7k +49,748
62 Willow Creek Wealth Management Inc. 3.41% of their portfolio Sebastopol, CA 356,490356.5k $27.2m $27.2m 3.41% Added +19.8k +19,840
63 BANK OF STOCKTON 8.88% of their portfolio STOCKTON, CA 355,014355.0k $26.8m $26.8m 8.88% Reduced -7.2k -7,226
64 Cetera Investment Advisers 0.22% of their portfolio SCHAUMBURG, IL 353,574353.6k $27.0m $27.0m 0.22% Reduced -24.8k -24,836
65 OLIO Financial Planning 11.28% of their portfolio MCLEAN, VA 352,095352.1k $26.9m $26.9m 11.28% Added +22.2k +22,165
66 Atria Wealth Solutions, Inc. 0.33% of their portfolio NEW YORK, NY 342,524342.5k $26.2m $26.2m 0.33% Added +57.2k +57,188
67 FIRST NATIONAL BANK & TRUST CO OF NEWTOWN 5.54% of their portfolio NEWTOWN, PA 337,650337.6k $25.8m $25.8m 5.54% Reduced -19.6k -19,611
68 Burt Wealth Advisors 7.10% of their portfolio North Bethesda, MD 325,723325.7k $24.9m $24.9m 7.10% Reduced -97.7k -97,705
69 Thrivent Financial for Lutherans 0.05% of their portfolio Minneapolis, MN 316,614316.6k $24.2m $24.2m 0.05% Reduced -5.1k -5,142
70 Geneos Wealth Management Inc. 1.18% of their portfolio ENGLEWOOD, CO 313,406313.4k $23.9m $23.9m 1.18% Reduced -12.7k -12,665
71 Gordian Advisors LLC 23.26% of their portfolio TUCSON, AZ 308,929308.9k $23.6m $23.6m 23.26% First filing
72 SMI Advisory Services, LLC 5.95% of their portfolio COLUMBUS, IN 308,660308.7k $23.5m $23.5m 5.95% New
73 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 296,526296.5k $22.7m $22.7m 0.04% Added +21.9k +21,887
74 PINKERTON WEALTH, LLC 4.35% of their portfolio COEUR D ALENE, ID 295,420295.4k $22.6m $22.6m 4.35% Added +15.4k +15,450
75 Atria Investments, Inc 0.34% of their portfolio Charlotte, NC 285,442285.4k $21.8m $21.8m 0.34% Added +142.9k +142,856
76 Roundview Capital LLC 1.99% of their portfolio PRINCETON, NJ 281,987282.0k $21.5m $21.5m 1.99% Added +101.3k +101,321
77 Scott Capital Advisors, LLC 7.20% of their portfolio PORTLAND, OR 281,018281.0k $21.5m $21.5m 7.20% Reduced -6.2k -6,218
78 CAPITAL INSIGHT PARTNERS, LLC 4.37% of their portfolio SCOTTSDALE, AZ 279,603279.6k $21.4m $21.4m 4.37% Added +4.0k +4,039
79 Discipline Wealth Solutions, LLC 21.10% of their portfolio GREENVILLE, SC 278,521278.5k $21.1m $21.1m 21.10% First filing
80 Rosenberg Matthew Hamilton 6.37% of their portfolio GRAND JUNCTION, CO 271,196271.2k $20.7m $20.7m 6.37% Added +9.1k +9,052
81 Cetera Advisor Networks LLC 0.11% of their portfolio EL SEGUNDO, CA 267,762267.8k $20.5m $20.5m 0.11% Reduced -1.2k -1,156
82 Farther Finance Advisors, LLC 1.45% of their portfolio SAN FRANCISCO, CA 264,103264.1k $20.2m $20.2m 1.45% Added +250.8k +250,790
83 Windward Private Wealth Management Inc. 8.34% of their portfolio OVERLAND PARK, KS 260,342260.3k $19.9m $19.9m 8.34% Added +11.6k +11,623
84 Cooper Financial Group 3.58% of their portfolio IRVINE, CA 257,882257.9k $19.7m $19.7m 3.58% Added +245.1k +245,066
85 Diversified Portfolios, Inc. 3.00% of their portfolio Bloomfield Hills, MI 249,240249.2k $19.0m $19.0m 3.00% Reduced -2.2k -2,207
86 Sage Financial Management Group, Inc. 10.14% of their portfolio MCLEAN, VA 247,388247.4k $18.9m $18.9m 10.14% Added +9.7k +9,731
87 WEALTHSOURCE PARTNERS, LLC 1.18% of their portfolio SAN LUIS OBISPO, CA 237,644237.6k $18.2m $18.2m 1.18% Reduced -185.7k -185,737
88 Consolidated Portfolio Review Corp 4.13% of their portfolio WOODBURY, NY 236,946236.9k $18.1m $18.1m 4.13% Added +13.6k +13,622
89 Sand Hill Global Advisors, LLC 0.86% of their portfolio Palo Alto, CA 233,659233.7k $17.8m $17.8m 0.86% Reduced -7.7k -7,692
90 Ballentine Capital Advisors, Inc 10.09% of their portfolio GREENVILLE, SC 226,278226.3k $17.2m $17.2m 10.09% First filing
91 Schiavi & Co LLC 7.17% of their portfolio WILMINGTON, DE 225,650225.7k $17.2m $17.2m 7.17% Added +4.5k +4,537
92 BURNEY CO/ 0.70% of their portfolio RESTON, VA 217,412217.4k $16.6m $16.6m 0.70% New
93 Quotient Wealth Partners, LLC 0.63% of their portfolio DALLAS, TX 211,058211.1k $16.1m $16.1m 0.63% First filing
94 Private Advisor Group, LLC 0.12% of their portfolio MORRISTOWN, NJ 205,729205.7k $15.7m $15.7m 0.12% Added +26.0k +26,033
95 Ameritas Advisory Services, LLC 0.86% of their portfolio Lincoln, NE 205,466205.5k $15.7m $15.7m 0.86% Added +180.2k +180,218
96 Orion Porfolio Solutions, LLC 0.18% of their portfolio OMAHA, NE 204,812204.8k $15.5m $15.5m 0.18% Reduced -13.5k -13,521
97 Orion Portfolio Solutions, LLC 0.18% of their portfolio Omaha, NE 204,812204.8k $15.5m $15.5m 0.18% Reduced -13.5k -13,521
98 JACOBSON & SCHMITT ADVISORS, LLC 3.92% of their portfolio MIDDLETON, WI 203,102203.1k $15.5m $15.5m 3.92% Added +10.4k +10,358
99 Brookstone Capital Management 0.30% of their portfolio WHEATON, IL 201,581201.6k $15.4m $15.4m 0.30% Added +11.5k +11,507
100 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 201,516201.5k $15.4m $15.4m 0.02% Added +5.2k +5,157