Vault-13

VANGUARD BD INDEX FDS BND

TOTAL BND MRKT · ETP · CUSIP 921937835

1,282 institutional holders +15 vs Q1 2023
784,852,067784.9m shares reported held*
$57.0bnreported value*
76 new 597 added 447 reduced 76 sold out net bought ≈ $3.6bn (+21.2m 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 ($105.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.60. Options: 3 managers hold calls ($5.4m notional), 5 hold puts ($1.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,157Q4 22: 1,253Q1 23: 1,267Q2 23: 1,2821,282Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,157
Q4 20221,253
Q1 20231,267
Q2 20231,282

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 23Q2 23: 673 bought or addedQ2 23: 523 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022602553
Q1 2023640566
Q2 2023673523

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 0.16Q2 23 calls: $5.4mQ2 23 puts: $1.3mQ2 23P/C 0.24
Numbers
QuarterCallsPutsP/C
Q3 2022$5.2m$5.3m1.03
Q4 2022$5.9m$5.2m0.89
Q1 2023$9.0m$1.5m0.16
Q2 2023$5.4m$1.3m0.24

Biggest buyers

MORGAN STANLEY Added +13,478,037+13.5m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +8,812,860+8.8m
JPMORGAN CHASE & CO Added +6,908,686+6.9m
Creative Planning Added +6,759,628+6.8m
VANGUARD GROUP INC Added +3,655,791+3.7m
Ocean Park Asset Management, LLC Added +2,507,158+2.5m
Prostatis Group LLC Added +1,747,782+1.7m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +1,466,506+1.5m
Facet Wealth, Inc. Added +1,029,549+1.0m
Orgel Wealth Management, LLC Added +987,085+987.1k

Biggest sellers

Summit Wealth Group, LLC Reduced -30,641,195-30.6m
SEI INVESTMENTS CO Reduced -4,924,590-4.9m
Baird Financial Group, Inc. Reduced -1,441,620-1.4m
JANE STREET GROUP, LLC Sold out -1,155,520-1.2m
OSAIC HOLDINGS, INC. Reduced -1,022,271-1.0m
Sumitomo Mitsui DS Asset Management Company, Ltd Reduced -576,357-576.4k
NICOLET ADVISORY SERVICES, LLC Reduced -340,299-340.3k
BlackRock Inc. Reduced -330,243-330.2k
Legacy Private Trust Co. Reduced -270,543-270.5k
Cetera Advisors LLC Reduced -248,492-248.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.8m66.3k shares
CITADEL ADVISORS LLC Reduced $617.9k8.5k shares
Cutler Group LLC / CA Added $3.0k5.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $617.9k8.5k shares
CITADEL ADVISORS LLC Added $436.1k6.0k shares
SIMPLEX TRADING, LLC Added $226.0k3.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA New $0500 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.88% of their portfolio NEW YORK, NY 105,689,126105.7m $7.7bn $7.7bn 0.88% Added +6.9m +6,908,686
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 7.95% of their portfolio MILWAUKEE, WI 84,587,36784.6m $6.1bn $6.1bn 7.95% Added +8.8m +8,812,860
3 MORGAN STANLEY 0.58% of their portfolio NEW YORK, NY 80,513,64780.5m $5.9bn $5.9bn 0.58% Added +13.5m +13,478,037
4 Creative Planning 4.81% of their portfolio OVERLAND PARK, KS 49,708,77249.7m $3.6bn $3.6bn 4.81% Added +6.8m +6,759,628
5 JONES FINANCIAL COMPANIES LLLP 4.91% of their portfolio DES PERES, MO 42,336,95942.3m $3.1bn $3.1bn 4.91% Added +767.9k +767,942
6 LPL Financial LLC 1.62% of their portfolio FORT MILL, SC 31,063,58431.1m $2.3bn $2.3bn 1.62% Added +839.5k +839,457
7 ENVESTNET ASSET MANAGEMENT INC 0.71% of their portfolio Berwyn, PA 22,187,59622.2m $1.6bn $1.6bn 0.71% Added +588.6k +588,625
8 VANGUARD GROUP INC 0.03% of their portfolio Valley Forge, PA 19,913,42919.9m $1.4bn $1.4bn 0.03% Added +3.7m +3,655,791
9 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.76% of their portfolio Toronto, A6 18,870,36918.9m $1.4bn $1.4bn 0.76% Added +1.5m +1,466,506
10 WELLS FARGO & COMPANY/MN 0.36% of their portfolio SAN FRANCISCO, CA 17,223,59417.2m $1.3bn $1.3bn 0.36% Added +707.0k +706,960
11 GOLDMAN SACHS GROUP INC 0.29% of their portfolio NEW YORK, NY 15,800,88815.8m $1.1bn $1.1bn 0.29% Added +233.1k +233,085
12 SEI INVESTMENTS CO 1.86% of their portfolio OAKS, PA 14,693,68314.7m $1.1bn $1.1bn 1.86% Reduced -4.9m -4,924,590
13 Allworth Financial LP 9.02% of their portfolio FOLSOM, CA 14,626,49314.6m $1.1bn $1.1bn 9.02% Added +538.4k +538,385
14 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 14,124,66314.1m $1.0bn $1.0bn 0.12% Reduced -144.7k -144,658
15 BlackRock Inc. 0.03% of their portfolio New York, NY 12,779,05812.8m $928.9m $928.9m 0.03% Reduced -330.2k -330,243
16 Morningstar Investment Services LLC 8.46% of their portfolio CHICAGO, IL 9,052,7589.1m $656.9m $656.9m 8.46% Added +59.0k +59,010
17 Bank of New York Mellon Corp 0.12% of their portfolio NEW YORK, NY 8,047,4668.0m $585.0m $585.0m 0.12% Added +71.1k +71,096
18 PNC Financial Services Group, Inc. 0.30% of their portfolio Pittsburgh, PA 4,902,3494.9m $356.4m $356.4m 0.30% Added +60.9k +60,931
19 Orgel Wealth Management, LLC 11.45% of their portfolio ALTOONA, WI 4,767,3094.8m $346.5m $346.5m 11.45% Added +987.1k +987,085
20 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 4,752,2104.8m $345.4m $345.4m 0.11% Reduced -97.7k -97,714
21 OSAIC HOLDINGS, INC. 0.57% of their portfolio SCOTTSDALE, AZ 4,349,6734.3m $316.2m $316.2m 0.57% Reduced -1.0m -1,022,271
22 UBS Group AG 0.13% of their portfolio ZURICH, V8 4,263,0404.3m $309.9m $309.9m 0.13% Added +311.2k +311,234
23 Facet Wealth, Inc. 15.37% of their portfolio WEST PALM BEACH, FL 4,223,7584.2m $302.2m $302.2m 15.37% Added +1.0m +1,029,549
24 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 3.21% of their portfolio OMAHA, NE 4,155,4604.2m $302.1m $302.1m 3.21% Reduced -88.8k -88,817
25 Ocean Park Asset Management, LLC 8.30% of their portfolio SANTA MONICA, CA 3,344,5583.3m $243.1m $243.1m 8.30% Added +2.5m +2,507,158
26 Global Endowment Management, LP 28.14% of their portfolio CHARLOTTE, NC 3,259,9003.3m $237.0m $237.0m 28.14% Unchanged
27 CBIZ Investment Advisory Services, LLC 17.81% of their portfolio INDEPENDENCE, OH 2,874,6542.9m $209.0m $209.0m 17.81% Added +52.0k +52,023
28 Pure Financial Advisors, LLC 8.24% of their portfolio SAN DIEGO, CA 2,673,7492.7m $194.4m $194.4m 8.24% Added +351.5k +351,543
29 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,644,3992.6m $192.2m $192.2m 0.01% Reduced -43.7k -43,657
30 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,614,6382.6m $190.1m $190.1m 0.05% Added +110.3k +110,281
31 TRUIST FINANCIAL CORP 0.31% of their portfolio CHARLOTTE, NC 2,559,2012.6m $186.0m $186.0m 0.31% Reduced -10.0k -10,010
32 Raymond James Financial Services Advisors, Inc. 0.32% of their portfolio ST. PETERSBURG, FL 2,490,1092.5m $181.0m $181.0m 0.32% Added +53.8k +53,768
33 ASSETMARK, INC 0.68% of their portfolio CONCORD, CA 2,381,1282.4m $173.1m $173.1m 0.68% Reduced -114.1k -114,143
34 RiverFront Investment Group, LLC 5.56% of their portfolio RICHMOND, VA 2,346,8722.3m $170.6m $170.6m 5.56% Added +9.2k +9,184
35 M&T Bank Corp 0.64% of their portfolio BUFFALO, NY 2,342,7372.3m $170.3m $170.3m 0.64% Added +101.3k +101,318
36 Cambridge Investment Research Advisors, Inc. 0.76% of their portfolio FAIRFIELD, IA 2,294,6692.3m $166.8m $166.8m 0.76% Added +153.1k +153,142
37 GenTrust, LLC 11.16% of their portfolio MIAMI, FL 2,259,8942.3m $164.3m $164.3m 11.16% Added +209.1k +209,097
38 PRUDENTIAL FINANCIAL INC 0.24% of their portfolio NEWARK, NJ 2,234,5262.2m $162.4m $162.4m 0.24% Added +221.4k +221,418
39 Cetera Investment Advisers 1.34% of their portfolio SCHAUMBURG, IL 2,186,4032.2m $158.9m $158.9m 1.34% Reduced -81.6k -81,644
40 Stairway Partners, LLC 13.42% of their portfolio MINNEAPOLIS, MN 2,155,6702.2m $156.7m $156.7m 13.42% Reduced -108.8k -108,770
41 Corient Private Wealth LP 0.31% of their portfolio MIAMI, FL 1,847,3951.8m $134.3m $134.3m 0.31% Added +124.2k +124,200
42 RFG Advisory, LLC 5.80% of their portfolio BIRMINGHAM, AL 1,795,9981.8m $130.6m $130.6m 5.80% Added +229.3k +229,348
43 Alaska Permanent Capital Management, LLC 10.98% of their portfolio ANCHORAGE, AK 1,790,8991.8m $130.2m $130.2m 10.98% Added +181.5k +181,499
44 Prostatis Group LLC 1.44% of their portfolio HANOVER, MD 1,766,0731.8m $3.1m $3.1m 1.44% Added +1.7m +1,747,782
45 Acropolis Investment Management, LLC 10.02% of their portfolio ST. LOUIS, MO 1,757,5641.8m $127.8m $127.8m 10.02% Added +46.8k +46,840
46 HighTower Advisors, LLC 0.25% of their portfolio CHICAGO, IL 1,748,1711.7m $127.1m $127.1m 0.25% Added +113.8k +113,797
47 COMMONWEALTH EQUITY SERVICES, LLC 0.25% of their portfolio WALTHAM, MA 1,673,8341.7m $121.7m $121.7m 0.25% Added +61.8k +61,776
48 RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio ST PETERSBURG, FL 1,670,4271.7m $121.4m $121.4m 0.10% Reduced -225.6k -225,601
49 Foster Group, Inc. 7.20% of their portfolio WEST DES MOINES, IA 1,650,5021.7m $120.0m $120.0m 7.20% Added +36.2k +36,246
50 MISSION WEALTH MANAGEMENT, LP 4.57% of their portfolio Santa Barbara, CA 1,645,8051.6m $119.6m $119.6m 4.57% Added +778.2k +778,203
51 MCMORGAN & CO LLC 22.13% of their portfolio SAN FRANCISCO, CA 1,618,8821.6m $117.7m $117.7m 22.13% Added +42.7k +42,742
52 Diana Davis Spencer Foundation 44.90% of their portfolio BETHESDA, MD 1,608,1001.6m $116.9m $116.9m 44.90% Unchanged
53 TORONTO DOMINION BANK 0.09% of their portfolio TORONTO, ONTARIO, A6 1,600,4601.6m $116.3m $116.3m 0.09% Added +915.1k +915,105
54 Cetera Advisor Networks LLC 0.80% of their portfolio EL SEGUNDO, CA 1,588,4051.6m $115.3m $115.3m 0.80% Added +108.1k +108,137
55 RATIONAL ADVISORS, INC. 9.20% of their portfolio San Juan, PR 1,528,1451.5m $111.1m $111.1m 9.20% Reduced -28.9k -28,886
56 Betterment LLC 0.33% of their portfolio NEW YORK, NY 1,468,5301.5m $106.7m $106.7m 0.33% Added +26.2k +26,233
57 Efficient Advisors, LLC 6.89% of their portfolio BEAVERTON, OR 1,451,6581.5m $105.5m $105.5m 6.89% Added +115.8k +115,769
58 Alesco Advisors, LLC, An ESL Co 3.63% of their portfolio Pittsford, NY 1,390,4081.4m $101.1m $101.1m 3.63% Added +44.4k +44,379
59 UNIVERSITY OF CHICAGO 43.96% of their portfolio CHICAGO, IL 1,327,0421.3m $96.5m $96.5m 43.96% Unchanged
60 Capstone Financial Advisors, Inc. 6.89% of their portfolio DOWNERS GROVE, IL 1,260,2871.3m $91.6m $91.6m 6.89% Added +50.0k +50,000
61 Voya Financial Advisors, Inc. 10.35% of their portfolio WINDSOR, CT 1,227,7041.2m $88.9m $88.9m 10.35% Reduced -21.2k -21,201
62 MML INVESTORS SERVICES, LLC 0.49% of their portfolio SPRINGFIELD, MA 1,221,1681.2m $88.8m $88.8m 0.49% Added +177.8k +177,832
63 Bogart Wealth, LLC 5.49% of their portfolio MCLEAN, VA 1,191,6201.2m $86.6m $86.6m 5.49% Added +66.9k +66,894
64 Mariner, LLC 0.23% of their portfolio Overland Park, KS 1,186,3031.2m $86.2m $86.2m 0.23% Added +337.4k +337,396
65 CITIGROUP INC 0.11% of their portfolio NEW YORK, NY 1,185,0041.2m $86.1m $86.1m 0.11% Added +48.3k +48,260
66 Verus Financial Partners, Inc. 10.82% of their portfolio RICHMOND, VA 1,184,9861.2m $85.8m $85.8m 10.82% Added +92.3k +92,299
67 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 6.94% of their portfolio KNOXVILLE, TN 1,131,0971.1m $82.2m $82.2m 6.94% Added +42.1k +42,088
68 Chandler Asset Management, Inc. 21.19% of their portfolio SAN DIEGO, CA 1,111,5471.1m $80.8m $80.8m 21.19% Added +188.6k +188,632
69 Wealthfront Advisers LLC 0.34% of their portfolio Palo Alto, CA 1,106,7881.1m $80.5m $80.5m 0.34% Added +40.6k +40,650
70 Martel Wealth Advisors LLC 19.22% of their portfolio VANCOUVER, WA 1,090,6431.1m $79.3m $79.3m 19.22% Added +46.0k +46,002
71 AMG National Trust Bank 2.61% of their portfolio GREENWOOD VILLAGE, CO 1,076,1731.1m $78.2m $78.2m 2.61% Added +512.4k +512,394
72 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,050,0501.1m $76.3m $76.3m 0.03% Added +50.1k +50,066
73 ALPS ADVISORS INC 0.64% of their portfolio Denver, CO 1,013,6921.0m $73.7m $73.7m 0.64% Added +4.3k +4,345
74 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.06% of their portfolio MINNEAPOLIS, MN 1,009,1411.0m $73.4m $73.4m 2.06% Added +79.9k +79,911
75 BURRUS FINANCIAL SERVICES, INC. 40.10% of their portfolio SALT LAKE CITY, UT 1,002,7281.0m $72.9m $72.9m 40.10% Added +10.7k +10,685
76 Composition Wealth, LLC 2.19% of their portfolio LOS ANGELES, CA 990,172990.2k $72.0m $72.0m 2.19% Added +103.6k +103,592
77 Savant Capital, LLC 1.12% of their portfolio ROCKFORD, IL 988,930988.9k $71.9m $71.9m 1.12% Added +159.5k +159,464
78 Beacon Pointe Advisors, LLC 1.18% of their portfolio NEWPORT BEACH, CA 986,951987.0k $71.7m $71.7m 1.18% Added +276.6k +276,629
79 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 974,723974.7k $70.8m $70.8m 0.02% Reduced -863 -863
80 Great Waters Wealth Management 13.88% of their portfolio SHOREVIEW, MN 960,560960.6k $69.8m $69.8m 13.88% Reduced -43.1k -43,094
81 Lutz Financial Services LLC 7.25% of their portfolio OMAHA, NE 927,456927.5k $67.4m $67.4m 7.25% Added +86.1k +86,147
82 Symmetry Partners, LLC 3.55% of their portfolio GLASTONBURY, CT 921,162921.2k $67.0m $67.0m 3.55% Added +30.1k +30,131
83 CWM, LLC 0.41% of their portfolio OMAHA, NE 918,027918.0k $66.7m $66.7m 0.41% Added +35.2k +35,219
84 Stratos Wealth Partners, LTD. 1.46% of their portfolio BEACHWOOD, OH 886,791886.8k $64.5m $64.5m 1.46% Reduced -9.1k -9,125
85 RAFFA WEALTH MANAGEMENT, LLC 21.90% of their portfolio WASHINGTON, DC 883,412883.4k $64.2m $64.2m 21.90% Added +13.7k +13,723
86 Alaska Wealth Advisors, LLC 9.90% of their portfolio ANCHORAGE, AK 863,938863.9k $62.8m $62.8m 9.90% Added +46.8k +46,793
87 MA Private Wealth 14.46% of their portfolio SAN CARLOS, CA 857,809857.8k $62.4m $62.4m 14.46% Reduced -607 -607
88 TIAA, FSB 0.22% of their portfolio ST. LOUIS, MO 852,733852.7k $62.0m $62.0m 0.22% Added +151.6k +151,570
89 HORIZON BANCORP INC /IN/ 38.94% of their portfolio MICHIGAN CITY, IN 838,427838.4k $60.9m $60.9m 38.94% Reduced -26.4k -26,441
90 Brookstone Capital Management 1.20% of their portfolio WHEATON, IL 832,213832.2k $59.5m $59.5m 1.20% Reduced -21.5k -21,489
91 NICOLET ADVISORY SERVICES, LLC 6.51% of their portfolio GREEN BAY, WI 829,052829.1k $59.3m $59.3m 6.51% Reduced -340.3k -340,299
92 Metropolitan Life Insurance Co/NY 2.93% of their portfolio New York, NY 828,750828.8k $60.2m $60.2m 2.93% Added +204.1k +204,137
93 Sumitomo Mitsui DS Asset Management Company, Ltd 0.92% of their portfolio TOKYO, M0 821,434821.4k $59.7m $59.7m 0.92% Reduced -576.4k -576,357
94 SIGNATUREFD, LLC 1.52% of their portfolio ATLANTA, GA 818,235818.2k $59.5m $59.5m 1.52% Added +4.5k +4,479
95 Apella Capital, LLC 4.22% of their portfolio WEST HARTFORD, CT 815,825815.8k $59.3m $59.3m 4.22% First filing
96 Financial Engines Advisors L.L.C. 0.15% of their portfolio SANTA CLARA, CA 801,918801.9k $58.3m $58.3m 0.15% Added +44.4k +44,406
97 Prime Capital Investment Advisors, LLC 1.14% of their portfolio OVERLAND PARK, KS 796,287796.3k $57.9m $57.9m 1.14% Added +781.3k +781,284
98 Retirement Planning Group, LLC 5.60% of their portfolio LEAWOOD, KS 771,517771.5k $56.1m $56.1m 5.60% Added +27.3k +27,305
99 ALM First Financial Advisors, LLC 9.46% of their portfolio DALLAS, TX 750,000750.0k $54.5m $54.5m 9.46% Unchanged
100 MERCER GLOBAL ADVISORS INC /ADV 0.20% of their portfolio DENVER, CO 706,194706.2k $51.3m $51.3m 0.20% Reduced -49.6k -49,582