Vault-13

VANGUARD BD INDEX FDS BND

TOTAL BND MRKT · ETP · CUSIP 921937835

1,267 institutional holders +14 vs Q4 2022
761,909,814761.9m shares reported held*
$54.1bnreported value*
108 new 532 added 478 reduced 88 sold out net bought ≈ $1.9bn (+56.8m 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 ($102.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.99. Options: 4 managers hold calls ($9.0m notional), 4 hold puts ($1.5m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,157Q4 22: 1,253Q1 23: 1,2671,267Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20221,157
Q4 20221,253
Q1 20231,267

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 602 bought or addedQ4 22: 553 cut or sold outQ4 22Q1 23: 640 bought or addedQ1 23: 566 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022602553
Q1 2023640566

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 22 calls: $5.2mQ3 22 puts: $5.3mQ3 22P/C 1.03Q4 22 calls: $5.9mQ4 22 puts: $5.2mQ4 22P/C 0.89Q1 23 calls: $9.0mQ1 23 puts: $1.5mQ1 23P/C 0.16
Numbers
QuarterCallsPutsP/C
Q3 2022$5.2m$5.3m1.03
Q4 2022$5.9m$5.2m0.89
Q1 2023$9.0m$1.5m0.16

Biggest buyers

Summit Wealth Group, LLC New +31,088,047+31.1m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +9,840,493+9.8m
JPMORGAN CHASE & CO Added +4,272,405+4.3m
VANGUARD GROUP INC Added +3,255,011+3.3m
CBIZ Investment Advisory Services, LLC Added +2,677,550+2.7m
Creative Planning Added +2,658,707+2.7m
MORGAN STANLEY Added +2,617,703+2.6m
Stairway Partners, LLC New +2,264,440+2.3m
Efficient Advisors, LLC Added +1,323,882+1.3m
Verus Financial Partners, Inc. Added +1,027,777+1.0m

Biggest sellers

JANE STREET GROUP, LLC Reduced -3,555,809-3.6m
STATE STREET CORP Reduced -2,341,911-2.3m
BANK OF AMERICA CORP /DE/ Reduced -1,856,273-1.9m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -938,110-938.1k
BlackRock Inc. Reduced -662,340-662.3k
ARMSTRONG ADVISORY GROUP, INC Reduced -547,444-547.4k
Cyndeo Wealth Partners, LLC Reduced -538,931-538.9k
SIGNATURE ESTATE & INVESTMENT ADVISORS LLC Reduced -508,149-508.1k
CHOREO, LLC Reduced -490,773-490.8k
WELLS FARGO & COMPANY/MN Reduced -442,595-442.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.5m74.2k shares
CITADEL ADVISORS LLC Reduced $2.0m27.3k shares
WOLVERINE TRADING, LLC New $1.5m20.2k shares
Cutler Group LLC / CA Added $2.0k1.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m15.2k shares
CITADEL ADVISORS LLC Reduced $206.7k2.8k shares
SIMPLEX TRADING, LLC Reduced $132.0k1.8k shares
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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.95% of their portfolio NEW YORK, NY 98,780,44098.8m $7.3bn $7.3bn 0.95% Added +4.3m +4,272,405
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 7.81% of their portfolio MILWAUKEE, WI 75,774,50775.8m $5.6bn $5.6bn 7.81% Added +9.8m +9,840,493
3 MORGAN STANLEY 0.53% of their portfolio NEW YORK, NY 67,035,61067.0m $4.9bn $4.9bn 0.53% Added +2.6m +2,617,703
4 Creative Planning 4.57% of their portfolio OVERLAND PARK, KS 42,949,14442.9m $3.2bn $3.2bn 4.57% Added +2.7m +2,658,707
5 JONES FINANCIAL COMPANIES LLLP 5.05% of their portfolio DES PERES, MO 41,569,01741.6m $3.1bn $3.1bn 5.05% Added +31.3k +31,340
6 Summit Wealth Group, LLC 1.13% of their portfolio WHITE RIVER JUNCTION, VT 31,088,04731.1m $421 $421 1.13% New
7 LPL Financial LLC 1.74% of their portfolio FORT MILL, SC 30,224,12730.2m $2.2bn $2.2bn 1.74% Reduced -429.8k -429,842
8 ENVESTNET ASSET MANAGEMENT INC 0.77% of their portfolio Berwyn, PA 21,598,97121.6m $1.6bn $1.6bn 0.77% Added +135.8k +135,781
9 SEI INVESTMENTS CO 2.69% of their portfolio OAKS, PA 19,618,27319.6m $1.4bn $1.4bn 2.69% Added +555.1k +555,121
10 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.73% of their portfolio Toronto, A6 17,403,86317.4m $1.3bn $1.3bn 0.73% Reduced -938.1k -938,110
11 WELLS FARGO & COMPANY/MN 0.38% of their portfolio SAN FRANCISCO, CA 16,516,63416.5m $1.2bn $1.2bn 0.38% Reduced -442.6k -442,595
12 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 16,257,63816.3m $1.2bn $1.2bn 0.03% Added +3.3m +3,255,011
13 GOLDMAN SACHS GROUP INC 0.31% of their portfolio NEW YORK, NY 15,567,80315.6m $1.1bn $1.1bn 0.31% Reduced -330.9k -330,928
14 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 14,269,32114.3m $1.1bn $1.1bn 0.12% Reduced -1.9m -1,856,273
15 Allworth Financial LP 10.44% of their portfolio FOLSOM, CA 14,088,10814.1m $1.0bn $1.0bn 10.44% Added +412.0k +411,967
16 BlackRock Inc. 0.03% of their portfolio New York, NY 13,109,30113.1m $967.9m $967.9m 0.03% Reduced -662.3k -662,340
17 Morningstar Investment Services LLC 8.86% of their portfolio CHICAGO, IL 8,993,7489.0m $660.4m $660.4m 8.86% Added +39.6k +39,561
18 Bank of New York Mellon Corp 0.13% of their portfolio NEW YORK, NY 7,976,3708.0m $588.9m $588.9m 0.13% Added +165.9k +165,864
19 OSAIC HOLDINGS, INC. 0.75% of their portfolio SCOTTSDALE, AZ 5,371,9445.4m $396.7m $396.7m 0.75% Added +37.2k +37,226
20 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 4,849,9244.8m $358.4m $358.4m 0.12% Added +472.7k +472,738
21 PNC Financial Services Group, Inc. 0.31% of their portfolio Pittsburgh, PA 4,841,4184.8m $357.4m $357.4m 0.31% Reduced -412.1k -412,081
22 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 3.21% of their portfolio OMAHA, NE 4,244,2774.2m $313.4m $313.4m 3.21% Reduced -395.1k -395,053
23 UBS Group AG 0.13% of their portfolio ZURICH, V8 3,951,8064.0m $291.8m $291.8m 0.13% Added +184.5k +184,526
24 Orgel Wealth Management, LLC 9.98% of their portfolio ALTOONA, WI 3,780,2243.8m $279.1m $279.1m 9.98% Added +155.1k +155,149
25 Global Endowment Management, LP 25.62% of their portfolio CHARLOTTE, NC 3,259,9003.3m $240.7m $240.7m 25.62% Added +38.0k +38,000
26 Facet Wealth, Inc. 14.27% of their portfolio WEST PALM BEACH, FL 3,194,2093.2m $235.8m $235.8m 14.27% Added +102.5k +102,467
27 CBIZ Investment Advisory Services, LLC 18.23% of their portfolio INDEPENDENCE, OH 2,822,6312.8m $208.4m $208.4m 18.23% Added +2.7m +2,677,550
28 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,688,0562.7m $198.5m $198.5m 0.01% Reduced -2.3m -2,341,911
29 TRUIST FINANCIAL CORP 0.33% of their portfolio CHARLOTTE, NC 2,569,2112.6m $189.7m $189.7m 0.33% Reduced -12.0k -11,992
30 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 2,504,3572.5m $184.9m $184.9m 0.06% Reduced -73.0k -72,957
31 ASSETMARK, INC 0.76% of their portfolio CONCORD, CA 2,495,2712.5m $184.2m $184.2m 0.76% Added +58.0k +57,967
32 Raymond James Financial Services Advisors, Inc. 0.34% of their portfolio ST. PETERSBURG, FL 2,436,3412.4m $179.9m $179.9m 0.34% Added +166.5k +166,533
33 RiverFront Investment Group, LLC 6.09% of their portfolio RICHMOND, VA 2,337,6882.3m $172.6m $172.6m 6.09% Added +50.7k +50,690
34 Pure Financial Advisors, LLC 7.94% of their portfolio SAN DIEGO, CA 2,322,2062.3m $171.4m $171.4m 7.94% Added +279.8k +279,752
35 Cetera Investment Advisers 1.46% of their portfolio SCHAUMBURG, IL 2,268,0472.3m $167.4m $167.4m 1.46% Reduced -2.9k -2,873
36 Stairway Partners, LLC 14.48% of their portfolio MINNEAPOLIS, MN 2,264,4402.3m $167.2m $167.2m 14.48% New
37 M&T Bank Corp 0.64% of their portfolio BUFFALO, NY 2,241,4192.2m $165.5m $165.5m 0.64% Added +370.1k +370,080
38 Cambridge Investment Research Advisors, Inc. 0.78% of their portfolio FAIRFIELD, IA 2,141,5272.1m $158.1m $158.1m 0.78% Added +33.0k +33,038
39 GenTrust, LLC 10.91% of their portfolio MIAMI, FL 2,050,7972.1m $151.4m $151.4m 10.91% Reduced -100.5k -100,481
40 PRUDENTIAL FINANCIAL INC 0.23% of their portfolio NEWARK, NJ 2,013,1082.0m $148.6m $148.6m 0.23% Reduced -118.8k -118,827
41 RAYMOND JAMES & ASSOCIATES 0.12% of their portfolio ST PETERSBURG, FL 1,896,0281.9m $140.0m $140.0m 0.12% Added +135.4k +135,444
42 Corient Private Wealth LP 0.34% of their portfolio MIAMI, FL 1,723,1951.7m $127.2m $127.2m 0.34% Added +181.3k +181,322
43 Acropolis Investment Management, LLC 10.38% of their portfolio ST. LOUIS, MO 1,710,7241.7m $126.3m $126.3m 10.38% Added +64.6k +64,617
44 HighTower Advisors, LLC 0.26% of their portfolio CHICAGO, IL 1,634,3741.6m $120.6m $120.6m 0.26% Reduced -930 -930
45 Foster Group, Inc. 7.54% of their portfolio WEST DES MOINES, IA 1,614,2561.6m $119.2m $119.2m 7.54% Added +40.4k +40,438
46 COMMONWEALTH EQUITY SERVICES, LLC 0.25% of their portfolio WALTHAM, MA 1,612,0581.6m $119.0m $119.0m 0.25% Reduced -48.5k -48,491
47 Alaska Permanent Capital Management, LLC 10.90% of their portfolio ANCHORAGE, AK 1,609,4001.6m $118.8m $118.8m 10.90% Added +57.2k +57,151
48 Diana Davis Spencer Foundation 44.82% of their portfolio BETHESDA, MD 1,608,1001.6m $118.7m $118.7m 44.82% Unchanged
49 MCMORGAN & CO LLC 23.95% of their portfolio SAN FRANCISCO, CA 1,576,1401.6m $116.4m $116.4m 23.95% Added +13.4k +13,427
50 Baird Financial Group, Inc. 0.29% of their portfolio MILWAUKEE, WI 1,571,3421.6m $116.0m $116.0m 0.29% Added +137.1k +137,109
51 RFG Advisory, LLC 5.66% of their portfolio BIRMINGHAM, AL 1,566,6501.6m $115.7m $115.7m 5.66% Added +113.5k +113,469
52 RATIONAL ADVISORS, INC. 9.39% of their portfolio San Juan, PR 1,557,0311.6m $115.0m $115.0m 9.39% Reduced -120.1k -120,064
53 Cetera Advisor Networks LLC 0.81% of their portfolio EL SEGUNDO, CA 1,480,2681.5m $109.3m $109.3m 0.81% Reduced -56.0k -55,953
54 Betterment LLC 0.34% of their portfolio NEW YORK, NY 1,442,2971.4m $106.5m $106.5m 0.34% Reduced -16.2k -16,220
55 Sumitomo Mitsui DS Asset Management Company, Ltd 1.86% of their portfolio TOKYO, M0 1,397,7911.4m $103.2m $103.2m 1.86% Added +315.6k +315,595
56 Alesco Advisors, LLC, An ESL Co 3.66% of their portfolio Pittsford, NY 1,346,0291.3m $99.4m $99.4m 3.66% Added +72.5k +72,525
57 Efficient Advisors, LLC 6.87% of their portfolio BEAVERTON, OR 1,335,8891.3m $98.6m $98.6m 6.87% Added +1.3m +1,323,882
58 UNIVERSITY OF CHICAGO 44.60% of their portfolio CHICAGO, IL 1,327,0421.3m $98.0m $98.0m 44.60% Unchanged
59 Voya Financial Advisors, Inc. 11.42% of their portfolio WINDSOR, CT 1,248,9051.2m $91.7m $91.7m 11.42% Added +71.2k +71,171
60 Capstone Financial Advisors, Inc. 7.06% of their portfolio DOWNERS GROVE, IL 1,210,2871.2m $89.4m $89.4m 7.06% Added +23.4k +23,450
61 NICOLET ADVISORY SERVICES, LLC 10.03% of their portfolio GREEN BAY, WI 1,169,3511.2m $87.0m $87.0m 10.03% Added +21.8k +21,829
62 JANE STREET GROUP, LLC 0.15% of their portfolio NEW YORK, NY 1,155,5201.2m $85.3m $85.3m 0.15% Reduced -3.6m -3,555,809
63 CITIGROUP INC 0.11% of their portfolio NEW YORK, NY 1,136,7441.1m $83.9m $83.9m 0.11% Reduced -159.3k -159,264
64 Bogart Wealth, LLC 5.54% of their portfolio MCLEAN, VA 1,124,7261.1m $83.0m $83.0m 5.54% Added +40.5k +40,487
65 Verus Financial Partners, Inc. 11.03% of their portfolio RICHMOND, VA 1,092,6871.1m $80.9m $80.9m 11.03% Added +1.0m +1,027,777
66 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 7.08% of their portfolio KNOXVILLE, TN 1,089,0091.1m $80.4m $80.4m 7.08% Added +38.7k +38,707
67 Wealthfront Advisers LLC 0.36% of their portfolio Palo Alto, CA 1,066,1381.1m $78.7m $78.7m 0.36% Added +8.2k +8,174
68 Martel Wealth Advisors LLC 19.68% of their portfolio VANCOUVER, WA 1,044,6411.0m $77.1m $77.1m 19.68% Added +24.0k +23,982
69 MML INVESTORS SERVICES, LLC 0.54% of their portfolio SPRINGFIELD, MA 1,043,3361.0m $77.0m $77.0m 0.54% Added +33.2k +33,242
70 ALPS ADVISORS INC 0.66% of their portfolio Denver, CO 1,009,3471.0m $74.5m $74.5m 0.66% Reduced -146.3k -146,295
71 Great Waters Wealth Management 15.58% of their portfolio SHOREVIEW, MN 1,003,6541.0m $73.7m $73.7m 15.58% Reduced -77.4k -77,446
72 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 999,9841,000.0k $73.8m $73.8m 0.03% Reduced -11.5k -11,463
73 BURRUS FINANCIAL SERVICES, INC. 41.85% of their portfolio SALT LAKE CITY, UT 992,043992.0k $73.2m $73.2m 41.85% Added +7.7k +7,694
74 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 975,586975.6k $72.0m $72.0m 0.02% Reduced -280.0k -279,977
75 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.02% of their portfolio MINNEAPOLIS, MN 929,230929.2k $68.6m $68.6m 2.02% Added +480.0k +479,958
76 Chandler Asset Management, Inc. 19.60% of their portfolio SAN DIEGO, CA 922,915922.9k $82.6m $82.6m 19.60% Unchanged
77 Stratos Wealth Partners, LTD. 1.76% of their portfolio BEACHWOOD, OH 895,916895.9k $66.1m $66.1m 1.76% Reduced -20.2k -20,193
78 Symmetry Partners, LLC 3.62% of their portfolio GLASTONBURY, CT 891,031891.0k $65.7m $65.7m 3.62% Added +65.9k +65,913
79 Composition Wealth, LLC 2.12% of their portfolio LOS ANGELES, CA 886,580886.6k $65.5m $65.5m 2.12% Reduced -7.7k -7,709
80 CWM, LLC 0.44% of their portfolio OMAHA, NE 882,808882.8k $65.2m $65.2m 0.44% Added +5.2k +5,188
81 RAFFA WEALTH MANAGEMENT, LLC 23.36% of their portfolio WASHINGTON, DC 869,689869.7k $64.2m $64.2m 23.36% Added +2.7k +2,721
82 MISSION WEALTH MANAGEMENT, LP 2.71% of their portfolio Santa Barbara, CA 867,602867.6k $64.1m $64.1m 2.71% Added +41.7k +41,708
83 HORIZON BANCORP INC /IN/ 40.70% of their portfolio MICHIGAN CITY, IN 864,868864.9k $63.9m $63.9m 40.70% Added +3.4k +3,352
84 Cetera Advisors LLC 1.06% of their portfolio DENVER, CO 858,963859.0k $63.4m $63.4m 1.06% Added +55.1k +55,145
85 MA Private Wealth 15.40% of their portfolio SAN CARLOS, CA 858,416858.4k $63.4m $63.4m 15.40% Added +149.7k +149,687
86 Brookstone Capital Management 1.22% of their portfolio WHEATON, IL 853,702853.7k $62.6m $62.6m 1.22% Reduced -68.0k -67,997
87 Mariner, LLC 0.18% of their portfolio Overland Park, KS 848,907848.9k $62.7m $62.7m 0.18% Added +73.2k +73,215
88 Lutz Financial Services LLC 7.09% of their portfolio OMAHA, NE 841,309841.3k $62.1m $62.1m 7.09% Added +101.7k +101,738
89 Ocean Park Asset Management, LLC 5.78% of their portfolio SANTA MONICA, CA 837,400837.4k $61.8m $61.8m 5.78% New
90 Savant Capital, LLC 1.14% of their portfolio ROCKFORD, IL 829,466829.5k $61.2m $61.2m 1.14% Added +105.2k +105,160
91 Alaska Wealth Advisors, LLC 10.09% of their portfolio ANCHORAGE, AK 817,145817.1k $60.3m $60.3m 10.09% Added +15.3k +15,333
92 SIGNATUREFD, LLC 1.64% of their portfolio ATLANTA, GA 813,756813.8k $60.1m $60.1m 1.64% Reduced -23.5k -23,456
93 Financial Engines Advisors L.L.C. 0.15% of their portfolio SANTA CLARA, CA 757,512757.5k $55.9m $55.9m 0.15% Added +45.1k +45,125
94 MERCER GLOBAL ADVISORS INC /ADV 0.25% of their portfolio DENVER, CO 755,776755.8k $55.8m $55.8m 0.25% Reduced -95.5k -95,507
95 ALM First Financial Advisors, LLC 9.98% of their portfolio DALLAS, TX 750,000750.0k $55.4m $55.4m 9.98% Unchanged
96 Retirement Planning Group, LLC 5.85% of their portfolio LEAWOOD, KS 744,212744.2k $54.9m $54.9m 5.85% Added +31.1k +31,089
97 RTD Financial Advisors, Inc. 8.12% of their portfolio Philadelphia, PA 711,169711.2k $52.5m $52.5m 8.12% Reduced -6.9k -6,911
98 Beacon Pointe Advisors, LLC 0.89% of their portfolio NEWPORT BEACH, CA 710,322710.3k $52.4m $52.4m 0.89% Added +22.0k +21,991
99 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 707,362707.4k $52.2m $52.2m 0.07% Added +24.4k +24,434
100 TIAA, FSB 0.19% of their portfolio ST. LOUIS, MO 701,163701.2k $51.8m $51.8m 0.19% Added +59.6k +59,649