Vault-13

VANGUARD BD INDEX FDS BSV

SHORT TRM BOND · ETP · CUSIP 921937827

1,219 institutional holders -34 vs Q4 2024
367,045,740367.0m shares reported held*
$28.7bnreported value*
74 new 519 added 463 reduced 85 sold out net bought ≈ $504.9m (+6.4m 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 ($40.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.31. Options: 0 managers hold calls (— notional), 1 hold puts ($0).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,137Q4 22: 1,169Q1 23: 1,140Q2 23: 1,146Q3 23: 1,135Q4 23: 1,212Q1 24: 1,160Q2 24: 1,136Q3 24: 1,147Q4 24: 1,253Q1 25: 1,2191,219Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,137
Q4 20221,169
Q1 20231,140
Q2 20231,146
Q3 20231,135
Q4 20231,212
Q1 20241,160
Q2 20241,136
Q3 20241,147
Q4 20241,253
Q1 20251,219

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 495 bought or addedQ2 23: 572 cut or sold outQ3 23: 458 bought or addedQ3 23: 619 cut or sold outQ3 23Q4 23: 483 bought or addedQ4 23: 601 cut or sold outQ1 24: 531 bought or addedQ1 24: 579 cut or sold outQ1 24Q2 24: 513 bought or addedQ2 24: 564 cut or sold outQ3 24: 539 bought or addedQ3 24: 521 cut or sold outQ3 24Q4 24: 591 bought or addedQ4 24: 475 cut or sold outQ1 25: 593 bought or addedQ1 25: 548 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023495572
Q3 2023458619
Q4 2023483601
Q1 2024531579
Q2 2024513564
Q3 2024539521
Q4 2024591475
Q1 2025593548

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 24 calls: $245.4kQ2 24 puts: $0Q2 24P/C 0.00Q3 24 calls: $0Q3 24 puts: $7.6mQ3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$245.4k$00.00
Q3 2024$0$7.6m—
Q4 2024$0$0—
Q1 2025$0$0—

Biggest buyers

Beacon Capital Management, Inc. Added +5,376,301+5.4m
Allworth Financial LP Added +4,768,521+4.8m
MERCER GLOBAL ADVISORS INC /ADV Added +2,752,875+2.8m
Sequoia Financial Advisors, LLC Added +2,234,266+2.2m
CAPTRUST FINANCIAL ADVISORS Added +1,181,318+1.2m
Empower Advisory Group, LLC Added +978,455+978.5k
MKP Capital Management, L.L.C. New +970,000+970.0k
RENAISSANCE TECHNOLOGIES LLC Added +587,200+587.2k
FIRST MERCHANTS CORP Added +584,174+584.2k
World Investment Advisors Added +501,013+501.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -6,554,040-6.6m
Essential Planning, LLC. Reduced -4,741,808-4.7m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,276,900-2.3m
Focus Partners Wealth Reduced -1,685,931-1.7m
NORTHERN TRUST CORP Reduced -1,035,132-1.0m
LPL Financial LLC Reduced -757,488-757.5k
SOFI WEALTH, LLC Reduced -734,737-734.7k
Corient Private Wealth LP Reduced -511,300-511.3k
WELLS FARGO & COMPANY/MN Reduced -309,815-309.8k
TRUIST FINANCIAL CORP Reduced -252,155-252.2k

Biggest calls

None

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ENVESTNET ASSET MANAGEMENT INC 1.36% of their portfolio Berwyn, PA 53,846,99353.8m $4.2bn $4.2bn 1.36% Reduced -2.3m -2,276,900
2 MERCER GLOBAL ADVISORS INC /ADV 5.68% of their portfolio DENVER, CO 31,632,61131.6m $2.5bn $2.5bn 5.68% Added +2.8m +2,752,875
3 JPMORGAN CHASE & CO 0.12% of their portfolio NEW YORK, NY 20,349,52420.3m $1.6bn $1.6bn 0.12% Reduced -6.6m -6,554,040
4 Allworth Financial LP 8.13% of their portfolio FOLSOM, CA 18,418,37418.4m $1.4bn $1.4bn 8.13% Added +4.8m +4,768,521
5 Empower Advisory Group, LLC 4.42% of their portfolio Greenwood Village, CO 17,300,84417.3m $1.4bn $1.4bn 4.42% Added +978.5k +978,455
6 GOLDMAN SACHS GROUP INC 0.25% of their portfolio NEW YORK, NY 16,552,98616.6m $1.3bn $1.3bn 0.25% Added +77.5k +77,456
7 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 14,924,04314.9m $1.2bn $1.2bn 0.08% Added +260.6k +260,579
8 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 8,417,1998.4m $658.9m $658.9m 0.06% Added +482.2k +482,230
9 Beacon Capital Management, Inc. 27.85% of their portfolio DAYTON, OH 7,168,8187.2m $559.7m $559.7m 27.85% Added +5.4m +5,376,301
10 NORTHERN TRUST CORP 0.08% of their portfolio CHICAGO, IL 7,115,7937.1m $557.0m $557.0m 0.08% Reduced -1.0m -1,035,132
11 Truepoint, Inc. 13.46% of their portfolio CINCINNATI, OH 6,337,8346.3m $496.1m $496.1m 13.46% Added +75.1k +75,092
12 LPL Financial LLC 0.19% of their portfolio FORT MILL, SC 6,302,4756.3m $493.4m $493.4m 0.19% Reduced -757.5k -757,488
13 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 5,228,6795.2m $409.3m $409.3m 0.10% Reduced -309.8k -309,815
14 CAPTRUST FINANCIAL ADVISORS 0.99% of their portfolio RALEIGH, NC 5,035,1125.0m $394.1m $394.1m 0.99% Added +1.2m +1,181,318
15 UNITED CAPITAL FINANCIAL ADVISORS, LLC 3.30% of their portfolio IRVING, TX 4,917,7184.9m $385.0m $385.0m 3.30% Reduced -246.4k -246,373
16 Envestnet Portfolio Solutions, Inc. 1.39% of their portfolio BERWYN, PA 4,626,7604.6m $362.2m $362.2m 1.39% Added +29.0k +29,017
17 LINCOLN NATIONAL CORP 8.89% of their portfolio RADNOR, PA 3,524,0353.5m $275.9m $275.9m 8.89% Added +20.2k +20,230
18 UBS Group AG 0.06% of their portfolio ZURICH, V8 3,401,8623.4m $266.3m $266.3m 0.06% Added +30.7k +30,683
19 Corient Private Wealth LP 0.42% of their portfolio MIAMI, FL 3,303,4563.3m $258.6m $258.6m 0.42% Reduced -511.3k -511,300
20 SEI INVESTMENTS CO 0.32% of their portfolio OAKS, PA 3,173,7343.2m $248.4m $248.4m 0.32% Reduced -32.5k -32,515
21 COMMONWEALTH EQUITY SERVICES, LLC 0.34% of their portfolio WALTHAM, MA 3,111,0513.1m $243.5m $243.5m 0.34% Added +117.7k +117,659
22 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 3,096,8533.1m $242.4m $242.4m 0.09% Added +329.1k +329,062
23 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,923,4412.9m $228.8m $228.8m 0.05% Added +103.2k +103,162
24 Sequoia Financial Advisors, LLC 1.55% of their portfolio Akron, OH 2,558,0432.6m $200.2m $200.2m 1.55% Added +2.2m +2,234,266
25 Cerity Partners LLC 0.41% of their portfolio NEW YORK, NY 2,534,1242.5m $198.4m $198.4m 0.41% Added +287.6k +287,641
26 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 2,488,7742.5m $194.8m $194.8m 0.04% Reduced -146.5k -146,486
27 MetLife Investment Management, LLC 0.93% of their portfolio Whippany, NJ 2,206,0002.2m $172.7m $172.7m 0.93% Reduced -28.5k -28,500
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,052,0122.1m $160.6m $160.6m 0.03% Reduced -91.8k -91,792
29 True Link Financial Advisors, LLC 11.90% of their portfolio SAN FRANCISCO, CA 2,037,4392.0m $159.5m $159.5m 11.90% Added +237.7k +237,676
30 Cetera Investment Advisers 0.28% of their portfolio SCHAUMBURG, IL 1,826,6631.8m $143.0m $143.0m 0.28% Added +231.5k +231,542
31 Focus Partners Wealth 0.34% of their portfolio ST LOUIS, MO 1,740,1741.7m $136.2m $136.2m 0.34% Reduced -1.7m -1,685,931
32 Apella Capital, LLC 4.55% of their portfolio WEST HARTFORD, CT 1,698,6211.7m $132.6m $132.6m 4.55% Reduced -117.2k -117,230
33 Willow Creek Wealth Management Inc. 10.38% of their portfolio Sebastopol, CA 1,362,3261.4m $106.6m $106.6m 10.38% Added +42.2k +42,250
34 Cambridge Investment Research Advisors, Inc. 0.36% of their portfolio FAIRFIELD, IA 1,354,5861.4m $106.0m $106.0m 0.36% Added +41.5k +41,502
35 Valmark Advisers, Inc. 1.60% of their portfolio AKRON, OH 1,350,2901.4m $105.7m $105.7m 1.60% Added +88.6k +88,559
36 Smithfield Trust Co 5.17% of their portfolio PITTSBURGH, PA 1,319,3501.3m $103.2m $103.2m 5.17% Reduced -34.0k -33,951
37 RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio NEW YORK, NY 1,284,1001.3m $100.5m $100.5m 0.15% Added +587.2k +587,200
38 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.08% of their portfolio MILWAUKEE, WI 1,207,2911.2m $94.5m $94.5m 0.08% Added +99.3k +99,266
39 JONES FINANCIAL COMPANIES LLLP 0.08% of their portfolio DES PERES, MO 1,177,1641.2m $92.1m $92.1m 0.08% Added +96.7k +96,694
40 RW Investment Management LLC 11.24% of their portfolio Eagle, ID 1,168,6511.2m $91.5m $91.5m 11.24% Added +12.1k +12,076
41 TRUIST FINANCIAL CORP 0.14% of their portfolio CHARLOTTE, NC 1,131,2651.1m $88.6m $88.6m 0.14% Reduced -252.2k -252,155
42 OSAIC HOLDINGS, INC. 0.19% of their portfolio SCOTTSDALE, AZ 1,071,5591.1m $83.9m $83.9m 0.19% Reduced -49.4k -49,386
43 PEAPACK GLADSTONE FINANCIAL CORP 1.22% of their portfolio BEDMINSTER, NJ 1,051,6121.1m $82.3m $82.3m 1.22% Added +73.3k +73,295
44 DAVENPORT & Co LLC 0.48% of their portfolio RICHMOND, VA 1,040,7331.0m $81.5m $81.5m 0.48% Added +56.2k +56,174
45 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 997,876997.9k $78.4m $78.4m 0.02% Reduced -5.2k -5,154
46 MKP Capital Management, L.L.C. 4.69% of their portfolio New York, NY 970,000970.0k $75.9m $75.9m 4.69% New
47 RS CRUM INC. 20.19% of their portfolio Newport Beach, CA 957,801957.8k $75.0m $75.0m 20.19% Added +20.9k +20,903
48 D.A. DAVIDSON & CO. 0.57% of their portfolio GREAT FALLS, MT 901,522901.5k $70.6m $70.6m 0.57% Added +37.6k +37,628
49 Freestone Capital Holdings, LLC 2.63% of their portfolio Seattle, WA 897,608897.6k $70.3m $70.3m 2.63% Added +28.1k +28,080
50 Janney Montgomery Scott LLC 0.19% of their portfolio PHILADELPHIA, PA 863,071863.1k $67.6m $67.6m 0.19% Reduced -10.4k -10,374
51 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 856,206856.2k $67.0m $67.0m 0.09% Added +276.6k +276,565
52 World Investment Advisors 1.72% of their portfolio LINCROFT, NJ 845,784845.8k $66.2m $66.2m 1.72% Added +501.0k +501,013
53 WIT, LLC 1.88% of their portfolio DISTRICT OF COLUMBIA, DC 844,643844.6k $66.1m $66.1m 1.88% Reduced -32.1k -32,090
54 Prime Capital Investment Advisors, LLC 0.76% of their portfolio OVERLAND PARK, KS 832,842832.8k $65.2m $65.2m 0.76% Added +84.7k +84,717
55 Charter Oak Capital Management, LLC 5.98% of their portfolio PORTSMOUTH, NH 832,332832.3k $65.2m $65.2m 5.98% Added +63.7k +63,665
56 FIFTH THIRD BANCORP 0.24% of their portfolio CINCINNATI, OH 813,286813.3k $63.7m $63.7m 0.24% Reduced -53.6k -53,646
57 MML INVESTORS SERVICES, LLC 0.21% of their portfolio SPRINGFIELD, MA 812,106812.1k $63.6m $63.6m 0.21% Reduced -6.5k -6,509
58 Efficient Advisors, LLC 4.06% of their portfolio BEAVERTON, OR 797,399797.4k $62.4m $62.4m 4.06% Reduced -9.2k -9,175
59 Atria Wealth Solutions, Inc. 0.75% of their portfolio NEW YORK, NY 792,651792.7k $62.0m $62.0m 0.75% Reduced -59.9k -59,880
60 Martel Wealth Advisors LLC 12.18% of their portfolio VANCOUVER, WA 780,830780.8k $61.1m $61.1m 12.18% Added +13.4k +13,368
61 Windward Private Wealth Management Inc. 23.57% of their portfolio OVERLAND PARK, KS 772,307772.3k $60.5m $60.5m 23.57% Added +6.6k +6,607
62 US BANCORP \DE\ 0.08% of their portfolio MINNEAPOLIS, MN 763,209763.2k $59.7m $59.7m 0.08% Added +8.7k +8,701
63 Integris Wealth Management, LLC 16.97% of their portfolio Monterey, CA 759,899759.9k $59.5m $59.5m 16.97% Reduced -9.0k -9,043
64 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 754,983755.0k $59.1m $59.1m 0.06% Added +3.0k +3,000
65 FIRST MERCHANTS CORP 2.30% of their portfolio Muncie, IN 736,894736.9k $57.7m $57.7m 2.30% Added +584.2k +584,174
66 Jentner Corp 16.56% of their portfolio Akron, OH 706,670706.7k $55.3m $55.3m 16.56% Added +7.4k +7,368
67 COMERICA BANK 0.23% of their portfolio DALLAS, TX 702,322702.3k $55.0m $55.0m 0.23% Reduced -6.7k -6,693
68 TD Capital Management LLC 5.50% of their portfolio MEMPHIS, TN 694,235694.2k $54.3m $54.3m 5.50% Added +15.0k +14,969
69 Orion Portfolio Solutions, LLC 0.26% of their portfolio Omaha, NE 687,099687.1k $53.5m $53.5m 0.26% Added +375.7k +375,726
70 National Philanthropic Trust 0.84% of their portfolio Jenkintown, PA 667,322667.3k $52.2m $52.2m 0.84% Added +25.4k +25,439
71 Gemmer Asset Management LLC 5.03% of their portfolio WALNUT CREEK, CA 644,233644.2k $50.4m $50.4m 5.03% Added +36.7k +36,714
72 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 633,238633.2k $49.6m $49.6m 0.00% Added +69.8k +69,779
73 Focus Partners Advisor Solutions, LLC 0.73% of their portfolio SAINT LOUIS, MO 617,138617.1k $48.3m $48.3m 0.73% Added +63.9k +63,905
74 Penserra Capital Management LLC 0.84% of their portfolio ORINDA, CA 601,709601.7k $47.1m $47.1m 0.84% Added +186.5k +186,464
75 Arbor Investment Advisors, LLC 6.42% of their portfolio WINSTON SALEM, NC 600,133600.1k $47.0m $47.0m 6.42% Added +26.3k +26,311
76 International City Management Association Retirement Corp 26.55% of their portfolio WASHINGTON, DC 599,500599.5k $46.9m $46.9m 26.55% Added +112.9k +112,900
77 Berkshire Money Management, Inc. 5.22% of their portfolio DALTON, MA 594,142594.1k $46.5m $46.5m 5.22% Added +27.6k +27,581
78 &PARTNERS 0.48% of their portfolio NASHVILLE, TN 577,672577.7k $45.4m $45.4m 0.48% Added +144.0k +143,972
79 Capital Analysts, LLC 1.62% of their portfolio FORT WASHINGTON, PA 556,205556.2k $43.5m $43.5m 1.62% Added +55.0k +55,037
80 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 551,766551.8k $43.2m $43.2m 0.04% Added +7.9k +7,947
81 Annandale Capital, LLC 8.03% of their portfolio DALLAS, TX 547,636547.6k $42.9m $42.9m 8.03% Added +13.3k +13,300
82 Betterment LLC 0.10% of their portfolio NEW YORK, NY 537,140537.1k $42.0m $42.0m 0.10% Added +15.1k +15,118
83 Corrigan Financial, Inc. 8.59% of their portfolio MIDDLETOWN, RI 532,617532.6k $41.7m $41.7m 8.59% Added +16.3k +16,340
84 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 531,411531.4k $41.6m $41.6m 0.08% Added +5.6k +5,581
85 BARR E S & CO 2.46% of their portfolio LEXINGTON, KY 517,950518.0k $40.5m $40.5m 2.46% Added +32.0k +32,050
86 Composition Wealth, LLC 0.76% of their portfolio LOS ANGELES, CA 485,486485.5k $38.0m $38.0m 0.76% Added +25.9k +25,915
87 AVANTAX ADVISORY SERVICES, INC. 0.22% of their portfolio DALLAS, TX 453,068453.1k $35.5m $35.5m 0.22% Reduced -48.7k -48,687
88 TOBIAS FINANCIAL ADVISORS, INC. 6.75% of their portfolio Plantation, FL 444,052444.1k $34.8m $34.8m 6.75% Added +437.3k +437,344
89 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 441,790441.8k $34.6m $34.6m 0.03% Reduced -37.6k -37,624
90 Partners in Financial Planning 6.80% of their portfolio SALEM, VA 432,149432.1k $33.8m $33.8m 6.80% Added +11.9k +11,916
91 PRESILIUM PRIVATE WEALTH, LLC 7.29% of their portfolio RADNOR, PA 415,711415.7k $32.5m $32.5m 7.29% Added +55.2k +55,226
92 Ancora Advisors LLC 0.72% of their portfolio Cleveland, OH 408,461408.5k $32.0m $32.0m 0.72% Reduced -2.0k -1,968
93 NewEdge Advisors, LLC 0.18% of their portfolio NEW ORLEANS, LA 395,873395.9k $31.0m $31.0m 0.18% Reduced -4.4k -4,371
94 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 394,273394.3k $30.9m $30.9m 0.06% Added +25.0k +24,980
95 Blue Trust, Inc. 0.40% of their portfolio BRENTWOOD, TN 393,936393.9k $30.8m $30.8m 0.40% Added +35.3k +35,345
96 CreativeOne Wealth, LLC 0.92% of their portfolio OVERLAND PARK, KS 392,022392.0k $30.7m $30.7m 0.92% Reduced -13.8k -13,782
97 Human Investing LLC 5.40% of their portfolio LAKE OSWEGO, OR 391,555391.6k $30.7m $30.7m 5.40% Added +20.2k +20,204
98 PDS Planning, Inc 2.58% of their portfolio DUBLIN, OH 390,254390.3k $30.5m $30.5m 2.58% Added +6.7k +6,713
99 Wealthquest Corp 2.54% of their portfolio CINCINNATI, OH 388,376388.4k $30.4m $30.4m 2.54% Added +56.1k +56,085
100 Savant Capital, LLC 0.25% of their portfolio ROCKFORD, IL 380,178380.2k $29.8m $29.8m 0.25% Reduced -159.0k -158,992