Vault-13

VANGUARD BD INDEX FDS BIV

INTERMED TERM · ETP · CUSIP 921937819

1,020 institutional holders +4 vs Q1 2026
247,879,370247.9m shares reported held*
$19.0bnreported value*
67 new 496 added 310 reduced 64 sold out net bought ≈ $698.3m (+9.1m 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 ($35.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $76.70. Options: 1 managers hold calls ($337.5k notional), 1 hold puts ($207.1k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 659Q4 22: 690Q1 23: 707Q2 23: 728Q3 23: 727Q4 23: 827Q1 24: 819Q2 24: 832Q3 24: 858Q4 24: 936Q1 25: 928Q2 25: 935Q3 25: 929Q4 25: 981Q1 26: 1,016Q2 26: 1,0201,020Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022659
Q4 2022690
Q1 2023707
Q2 2023728
Q3 2023727
Q4 2023827
Q1 2024819
Q2 2024832
Q3 2024858
Q4 2024936
Q1 2025928
Q2 2025935
Q3 2025929
Q4 2025981
Q1 20261,016
Q2 20261,020

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 510 bought or addedQ3 24: 278 cut or sold outQ4 24: 508 bought or addedQ4 24: 295 cut or sold outQ4 24Q1 25: 490 bought or addedQ1 25: 377 cut or sold outQ2 25: 476 bought or addedQ2 25: 382 cut or sold outQ2 25Q3 25: 517 bought or addedQ3 25: 332 cut or sold outQ4 25: 552 bought or addedQ4 25: 306 cut or sold outQ4 25Q1 26: 618 bought or addedQ1 26: 312 cut or sold outQ2 26: 563 bought or addedQ2 26: 374 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024510278
Q4 2024508295
Q1 2025490377
Q2 2025476382
Q3 2025517332
Q4 2025552306
Q1 2026618312
Q2 2026563374

Calls vs puts

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

CallsPuts
$0$200k$400k$600k$800kQ3 25 calls: $679.4kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $654.2kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $563.4kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $337.5kQ2 26 puts: $207.1kQ2 26P/C 0.61
Numbers
QuarterCallsPutsP/C
Q3 2025$679.4k$00.00
Q4 2025$654.2k$00.00
Q1 2026$563.4k$00.00
Q2 2026$337.5k$207.1k0.61

Biggest buyers

EP Wealth Advisors, LLC Added +1,938,104+1.9m
ASSETMARK, INC Added +1,330,670+1.3m
Cambridge Investment Research Advisors, Inc. Added +1,159,915+1.2m
GOLDMAN SACHS GROUP INC Added +891,246+891.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +752,384+752.4k
ENVESTNET ASSET MANAGEMENT INC Added +680,629+680.6k
Baird Financial Group, Inc. Added +580,427+580.4k
DAYMARK WEALTH PARTNERS, LLC New +575,881+575.9k
CITIZENS FINANCIAL GROUP INC/RI Added +569,321+569.3k
MORGAN STANLEY Added +348,779+348.8k

Biggest sellers

MATHER GROUP, LLC. Reduced -2,070,367-2.1m
WELLS FARGO & COMPANY/MN Reduced -1,289,799-1.3m
Private Advisor Group, LLC Reduced -665,206-665.2k
49 WEALTH MANAGEMENT, LLC Reduced -560,174-560.2k
AMERIPRISE FINANCIAL INC Reduced -290,231-290.2k
JPMORGAN CHASE & CO Reduced -285,687-285.7k
Corient Private Wealth LP Reduced -133,494-133.5k
BANK HAPOALIM BM Reduced -131,500-131.5k
RAYMOND JAMES FINANCIAL INC Reduced -122,734-122.7k
Systelligence, LLC Sold out -112,975-113.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $337.5k4.4k shares

Biggest puts

CITADEL ADVISORS LLC New $207.1k2.7k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WELLS FARGO & COMPANY/MN 0.35% of their portfolio SAN FRANCISCO, CA 26,474,33026.5m $2.0bn $2.0bn 0.35% Reduced -1.3m -1,289,799
2 ENVESTNET ASSET MANAGEMENT INC 0.44% of their portfolio Berwyn, PA 24,235,04624.2m $1.9bn $1.9bn 0.44% Added +680.6k +680,629
3 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.53% of their portfolio MILWAUKEE, WI 12,822,37012.8m $983.5m $983.5m 0.53% Added +752.4k +752,384
4 EP Wealth Advisors, LLC 3.57% of their portfolio TORRANCE, CA 12,178,86912.2m $934.1m $934.1m 3.57% Added +1.9m +1,938,104
5 GOLDMAN SACHS GROUP INC 0.09% of their portfolio NEW YORK, NY 11,248,42111.2m $862.8m $862.8m 0.09% Added +891.2k +891,246
6 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 8,675,0928.7m $665.4m $665.4m 0.04% Added +348.8k +348,779
7 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 7,224,9927.2m $554.2m $554.2m 0.04% Added +41.5k +41,487
8 Baird Financial Group, Inc. 0.65% of their portfolio MILWAUKEE, WI 6,176,9046.2m $473.8m $473.8m 0.65% Added +580.4k +580,427
9 True Link Financial Advisors, LLC 25.31% of their portfolio SAN FRANCISCO, CA 5,706,0565.7m $437.7m $437.7m 25.31% Added +348.3k +348,288
10 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 5,360,4485.4m $411.1m $411.1m 0.09% Added +77.3k +77,296
11 UNITED CAPITAL FINANCIAL ADVISORS, LLC 1.69% of their portfolio IRVING, TX 3,995,2624.0m $306.4m $306.4m 1.69% Added +298.1k +298,068
12 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 3,911,0853.9m $299.6m $299.6m 0.06% Reduced -290.2k -290,231
13 JONES FINANCIAL COMPANIES LLLP 0.10% of their portfolio DES PERES, MO 3,393,7083.4m $261.2m $261.2m 0.10% Added +284.5k +284,527
14 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.64% of their portfolio CHARLOTTE, NC 2,435,3992.4m $186.8m $186.8m 0.64% Added +130.5k +130,487
15 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 2,400,5462.4m $184.1m $184.1m 0.05% Reduced -122.7k -122,734
16 LINCOLN NATIONAL CORP 4.42% of their portfolio RADNOR, PA 2,251,8742.3m $172.7m $172.7m 4.42% Added +66.0k +65,981
17 Cambridge Investment Research Advisors, Inc. 0.19% of their portfolio FAIRFIELD, IA 2,210,3162.2m $169.5m $169.5m 0.19% Added +1.2m +1,159,915
18 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 2,073,8352.1m $159.1m $159.1m 0.19% Added +8.3k +8,314
19 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 2,057,7042.1m $157.8m $157.8m 0.03% Reduced -28.7k -28,679
20 Mariner, LLC 0.16% of their portfolio Overland Park, KS 2,020,9872.0m $155.0m $155.0m 0.16% Added +20.6k +20,627
21 Zhang Financial LLC 4.29% of their portfolio PORTAGE, MI 1,914,8971.9m $146.9m $146.9m 4.29% Added +24.8k +24,751
22 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,839,1541.8m $141.1m $141.1m 0.02% Added +138.0k +137,959
23 Retirement Investment Advisors, Inc. 9.85% of their portfolio OKLAHOMA CITY, OK 1,825,3731.8m $138.2m $138.2m 9.85% Added +108.6k +108,635
24 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 1,793,2721.8m $137.5m $137.5m 0.13% Added +88.3k +88,326
25 MATHER GROUP, LLC. 1.09% of their portfolio CHICAGO, IL 1,630,1051.6m $125.0m $125.0m 1.09% Reduced -2.1m -2,070,367
26 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,526,8581.5m $117.1m $117.1m 0.02% Added +26.3k +26,286
27 FMR LLC 0.01% of their portfolio BOSTON, MA 1,515,7081.5m $116.3m $116.3m 0.01% Added +81.0k +81,048
28 FIFTH THIRD BANCORP 0.18% of their portfolio CINCINNATI, OH 1,471,7691.5m $112.9m $112.9m 0.18% Reduced -25.1k -25,093
29 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 1,371,2851.4m $105.2m $105.2m 0.06% Added +242.9k +242,860
30 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 1,346,5301.3m $103.3m $103.3m 0.18% Added +1.3m +1,330,670
31 Cerity Partners LLC 0.12% of their portfolio NEW YORK, NY 1,276,3581.3m $97.9m $97.9m 0.12% Added +67.7k +67,676
32 BCM ADVISORS, LLC 18.63% of their portfolio LAFAYETTE, LA 1,267,1151.3m $95.7m $95.7m 18.63% Added +2.7k +2,723
33 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 1,263,8041.3m $96.9m $96.9m 0.12% Added +55.4k +55,413
34 PEAPACK GLADSTONE FINANCIAL CORP 1.11% of their portfolio BEDMINSTER, NJ 1,261,4811.3m $96.8m $96.8m 1.11% Added +8.3k +8,298
35 American Trust 7.18% of their portfolio LEXINGTON, KY 1,214,0661.2m $93.1m $93.1m 7.18% Reduced -26.3k -26,327
36 COMMONWEALTH EQUITY SERVICES, LLC 0.12% of their portfolio WALTHAM, MA 1,207,9491.2m $92.6m $92.6m 0.12% Reduced -25.0k -25,003
37 Rockefeller Capital Management L.P. 0.14% of their portfolio NEW YORK, NY 1,148,0061.1m $88.1m $88.1m 0.14% Added +60.6k +60,596
38 CITIZENS FINANCIAL GROUP INC/RI 0.97% of their portfolio PROVIDENCE, RI 1,050,5101.1m $80.6m $80.6m 0.97% Added +569.3k +569,321
39 Family Investment Center, Inc. 13.23% of their portfolio Saint Joseph, MO 1,038,7141.0m $79.7m $79.7m 13.23% Added +71.8k +71,756
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 1,014,5691.0m $77.1m $77.1m 0.13% Added +74.9k +74,860
41 VANGUARD ADVISERS INC 0.25% of their portfolio Malvern, PA 974,442974.4k $74.7m $74.7m 0.25% Added +93.5k +93,493
42 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 919,537919.5k $70.5m $70.5m 0.03% Added +35.7k +35,728
43 WIT, LLC 1.05% of their portfolio DISTRICT OF COLUMBIA, DC 861,173861.2k $66.1m $66.1m 1.05% Unchanged
44 Discipline Wealth Solutions, LLC 5.48% of their portfolio GREENVILLE, SC 818,448818.4k $62.8m $62.8m 5.48% Added +89.5k +89,546
45 World Investment Advisors 1.01% of their portfolio LINCROFT, NJ 793,535793.5k $61.2m $61.2m 1.01% Added +4.1k +4,139
46 Cranbrook Wealth Management, LLC 10.49% of their portfolio Bloomfield Hills, MI 730,608730.6k $56.0m $56.0m 10.49% Added +12.3k +12,334
47 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 729,038729.0k $55.9m $55.9m 0.06% Added +25.0k +24,991
48 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 714,797714.8k $54.8m $54.8m 0.11% Added +144.7k +144,717
49 Sage Financial Management Group, Inc. 15.00% of their portfolio MCLEAN, VA 711,661711.7k $54.6m $54.6m 15.00% Added +41.2k +41,167
50 Verus Financial Partners, Inc. 4.64% of their portfolio RICHMOND, VA 706,952707.0k $54.2m $54.2m 4.64% Added +35.0k +34,984
51 Cannon Financial Strategists, Inc. 6.08% of their portfolio ATHENS, GA 696,561696.6k $53.4m $53.4m 6.08% Added +39.1k +39,093
52 STEPHENS INC /AR/ 0.59% of their portfolio LITTLE ROCK, AR 683,912683.9k $52.5m $52.5m 0.59% Added +74.3k +74,321
53 Scott Capital Advisors, LLC 8.14% of their portfolio PORTLAND, OR 677,229677.2k $51.9m $51.9m 8.14% Added +36.2k +36,243
54 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 666,617666.6k $51.3m $51.3m 0.00% Reduced -285.7k -285,687
55 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 647,754647.8k $49.7m $49.7m 0.10% Added +20.0k +19,977
56 Reliant Wealth Planning 13.33% of their portfolio LOUISVILLE, KY 631,866631.9k $48.5m $48.5m 13.33% Added +20.8k +20,777
57 Francis Financial, Inc. 7.89% of their portfolio NEW YORK, NY 626,906626.9k $48.1m $48.1m 7.89% Added +20.8k +20,826
58 Cornerstone Planning Group LLC 5.80% of their portfolio FAIRFIELD, NJ 609,041609.0k $46.1m $46.1m 5.80% Added +23.9k +23,947
59 MFA WEALTH ADVISORS, LLC 7.85% of their portfolio PITTSBURGH, PA 600,446600.4k $46.1m $46.1m 7.85% Reduced -14.4k -14,403
60 DAYMARK WEALTH PARTNERS, LLC 1.08% of their portfolio CINCINNATI, OH 575,881575.9k $44.2m $44.2m 1.08% New
61 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 558,188558.2k $42.8m $42.8m 0.04% Added +17.2k +17,184
62 &PARTNERS 0.17% of their portfolio NASHVILLE, TN 554,565554.6k $42.5m $42.5m 0.17% Added +97.0k +97,041
63 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 543,846543.8k $41.7m $41.7m 0.02% Added +42.8k +42,773
64 Badgley Phelps Wealth Managers, LLC 0.70% of their portfolio SEATTLE, WA 523,833523.8k $40.2m $40.2m 0.70% Added +8.9k +8,886
65 Midwest Trust Co 0.45% of their portfolio Overland Park, KS 523,378523.4k $40.1m $40.1m 0.45% Added +99.1k +99,081
66 Beacon Capital Management, Inc. 2.42% of their portfolio DAYTON, OH 521,466521.5k $40.0m $40.0m 2.42% Reduced -99.7k -99,681
67 BetterWealth, LLC 7.07% of their portfolio SAN JOSE, CA 521,246521.2k $40.0m $40.0m 7.07% Added +39.3k +39,260
68 PINKERTON WEALTH, LLC 3.41% of their portfolio COEUR D ALENE, ID 515,159515.2k $39.8m $39.8m 3.41% Added +26.5k +26,474
69 Farmers & Merchants Trust Co of Chambersburg PA 9.77% of their portfolio CHAMBERSBURG, PA 501,701501.7k $38.5m $38.5m 9.77% Added +9.4k +9,386
70 True Freedom Investing, LLC 3.00% of their portfolio COEUR D'ALENE, ID 496,303496.3k $38.3m $38.3m 3.00% Reduced -13.1k -13,068
71 LVW Advisors, LLC 3.28% of their portfolio PITTSFORD, NY 494,779494.8k $37.9m $37.9m 3.28% Added +29.7k +29,652
72 Franklin, Parlapiano, Turner & Welch, LLC 8.48% of their portfolio HOUSTON, TX 488,980489.0k $37.5m $37.5m 8.48% Reduced -3.8k -3,764
73 Farther Finance Advisors, LLC 0.29% of their portfolio SAN FRANCISCO, CA 488,716488.7k $37.5m $37.5m 0.29% Added +10.1k +10,139
74 CARY STREET PARTNERS FINANCIAL LLC 0.73% of their portfolio RICHMOND, VA 476,206476.2k $33.5m $33.5m 0.73% Reduced -10.7k -10,654
75 Envestnet Portfolio Solutions, Inc. 0.17% of their portfolio BERWYN, PA 470,818470.8k $36.1m $36.1m 0.17% Added +20.2k +20,187
76 Geneos Wealth Management Inc. 0.73% of their portfolio ENGLEWOOD, CO 465,336465.3k $35.7m $35.7m 0.73% Added +30.1k +30,059
77 Gordian Advisors LLC 20.38% of their portfolio TUCSON, AZ 451,880451.9k $34.7m $34.7m 20.38% Added +24.7k +24,746
78 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 451,690451.7k $34.6m $34.6m 0.03% Reduced -18.8k -18,814
79 Avior Wealth Management, LLC 0.90% of their portfolio OMAHA, NE 445,048445.0k $34.1m $34.1m 0.90% Added +10.5k +10,495
80 BRIGHTON SECURITIES CORP. 14.61% of their portfolio ROCHESTER, NY 443,456443.5k $34.0m $34.0m 14.61% Added +8.6k +8,641
81 SOUTHERN MICHIGAN BANK & TRUST 11.83% of their portfolio COLDWATER, MI 433,842433.8k $33.3m $33.3m 11.83% Added +69 +69
82 GREENUP STREET WEALTH MANAGEMENT LLC 3.91% of their portfolio OVERLAND PARK, KS 418,756418.8k $32.1m $32.1m 3.91% Added +108.6k +108,598
83 Wescott Financial Advisory Group, LLC 2.49% of their portfolio Philadelphia, PA 418,386418.4k $32.1m $32.1m 2.49% Added +28.2k +28,152
84 Grey Fox Wealth Advisors, LLC 5.02% of their portfolio ROCKLAND, DE 417,009417.0k $32.0m $32.0m 5.02% Added +27.4k +27,423
85 Prime Capital Investment Advisors, LLC 0.31% of their portfolio OVERLAND PARK, KS 415,253415.3k $31.8m $31.8m 0.31% Added +182.0k +182,033
86 Wealthfront Advisers LLC 0.06% of their portfolio Palo Alto, CA 410,897410.9k $31.5m $31.5m 0.06% Reduced -11.3k -11,279
87 Modera Wealth Management, LLC 0.34% of their portfolio WESTWOOD, NJ 409,973410.0k $31.4m $31.4m 0.34% Reduced -8.8k -8,775
88 Roundview Capital LLC 1.71% of their portfolio PRINCETON, NJ 408,111408.1k $31.3m $31.3m 1.71% Added +34.9k +34,860
89 Ballentine Capital Advisors, Inc 11.68% of their portfolio GREENVILLE, SC 403,995404.0k $31.0m $31.0m 11.68% Added +39.0k +39,039
90 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 403,393403.4k $30.9m $30.9m 0.05% Added +4.2k +4,207
91 Seneschal Advisors, LLC 20.79% of their portfolio TACOMA, WA 395,818395.8k $30.4m $30.4m 20.79% Reduced -1.0k -1,002
92 FPC INVESTMENT ADVISORY, INC. 14.20% of their portfolio PETALUMA, CA 395,163395.2k $30.1m $30.1m 14.20% Added +6.8k +6,757
93 Keyes, Stange & Wooten Wealth Management, LLC 12.09% of their portfolio Daytona Beach, FL 394,939394.9k $30.3m $30.3m 12.09% Added +63.2k +63,169
94 Compass Planning Associates Inc 16.18% of their portfolio GREENFIELD, MA 390,104390.1k $29.9m $29.9m 16.18% Added +28.5k +28,507
95 CHRISTINE MESSMER PC 16.82% of their portfolio COLLEGEVILLE, PA 389,276389.3k $29.9m $29.9m 16.82% Added +81.5k +81,459
96 BROWN WEALTH MANAGEMENT, LLC 6.66% of their portfolio NAPERVILLE, IL 388,428388.4k $29.8m $29.8m 6.66% Added +41.7k +41,727
97 ACORN CREEK CAPITAL LLC 9.95% of their portfolio FORT COLLINS, CO 388,216388.2k $29.8m $29.8m 9.95% Added +13.0k +13,010
98 LODESTAR PRIVATE ASSET MANAGEMENT LLC 2.57% of their portfolio ALAMO, CA 387,752387.8k $29.7m $29.7m 2.57% Added +28.3k +28,255
99 BANK HAPOALIM BM 1.95% of their portfolio TEL AVIV, L3 382,990383.0k $29.4m $29.4m 1.95% Reduced -131.5k -131,500
100 Everhart Financial Group, Inc. 1.87% of their portfolio Dublin, OH 381,781381.8k $29.3m $29.3m 1.87% Added +13.5k +13,494