Vault-13

VANGUARD BD INDEX FDS BND

TOTAL BND MRKT · ETP · CUSIP 921937835

1,288 institutional holders +6 vs Q2 2023
817,214,032817.2m shares reported held*
$57.0bnreported value*
98 new 609 added 433 reduced 97 sold out net bought ≈ $2.1bn (+28.9m 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 ($108.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $69.75. Options: 4 managers hold calls ($4.2m notional), 6 hold puts ($1.5m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,157Q4 22: 1,253Q1 23: 1,267Q2 23: 1,282Q3 23: 1,2881,288Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 20221,157
Q4 20221,253
Q1 20231,267
Q2 20231,282
Q3 20231,288

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 23Q3 23: 707 bought or addedQ3 23: 530 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022602553
Q1 2023640566
Q2 2023673523
Q3 2023707530

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ4 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 0.24Q3 23 calls: $4.2mQ3 23 puts: $1.5mQ3 23P/C 0.35
Numbers
QuarterCallsPutsP/C
Q4 2022$5.9m$5.2m0.89
Q1 2023$9.0m$1.5m0.16
Q2 2023$5.4m$1.3m0.24
Q3 2023$4.2m$1.5m0.35

Biggest buyers

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +19,907,152+19.9m
Creative Planning Added +5,800,676+5.8m
VANGUARD GROUP INC Added +5,367,298+5.4m
US BANCORP \DE\ Added +3,043,989+3.0m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +2,866,691+2.9m
LPL Financial LLC Added +2,478,188+2.5m
MORGAN STANLEY Added +2,061,088+2.1m
FIL Ltd Added +1,344,606+1.3m
BANK OF AMERICA CORP /DE/ Added +1,320,250+1.3m
SEI INVESTMENTS CO Added +1,192,615+1.2m

Biggest sellers

MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -10,916,136-10.9m
TD AMERITRADE INVESTMENT MANAGEMENT, LLC Reduced -4,155,460-4.2m
ENVESTNET ASSET MANAGEMENT INC Reduced -3,540,369-3.5m
Ocean Park Asset Management, LLC Sold out -3,344,558-3.3m
Bank of New York Mellon Corp Reduced -2,286,472-2.3m
Prostatis Group LLC Reduced -1,743,525-1.7m
Facet Wealth, Inc. Reduced -1,068,485-1.1m
CWM, LLC Reduced -876,304-876.3k
UNIVERSITY OF CHICAGO Reduced -620,554-620.6k
WELLS FARGO & COMPANY/MN Reduced -613,771-613.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.3m46.8k shares
CITADEL ADVISORS LLC Added $697.8k10.0k shares
WOLVERINE TRADING, LLC New $258.2k3.7k shares
Cutler Group LLC / CA Added $1.0k11.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $844.3k12.1k shares
CITADEL ADVISORS LLC Reduced $321.0k4.6k shares
SIMPLEX TRADING, LLC Added $244.0k3.5k shares
Private Advisor Group, LLC New $51.4k73.6k shares
Cutler Group LLC / CA Added $1.0k900 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.86% of their portfolio NEW YORK, NY 105,865,044105.9m $7.4bn $7.4bn 0.86% Added +175.9k +175,918
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 9.48% of their portfolio MILWAUKEE, WI 104,494,519104.5m $7.3bn $7.3bn 9.48% Added +19.9m +19,907,152
3 MORGAN STANLEY 0.59% of their portfolio NEW YORK, NY 82,574,73582.6m $5.8bn $5.8bn 0.59% Added +2.1m +2,061,088
4 Creative Planning 5.17% of their portfolio OVERLAND PARK, KS 55,509,44855.5m $3.9bn $3.9bn 5.17% Added +5.8m +5,800,676
5 JONES FINANCIAL COMPANIES LLLP 4.89% of their portfolio DES PERES, MO 42,651,47042.7m $3.0bn $3.0bn 4.89% Added +314.5k +314,511
6 LPL Financial LLC 1.64% of their portfolio FORT MILL, SC 33,541,77233.5m $2.3bn $2.3bn 1.64% Added +2.5m +2,478,188
7 VANGUARD GROUP INC 0.04% of their portfolio Valley Forge, PA 25,280,72725.3m $1.8bn $1.8bn 0.04% Added +5.4m +5,367,298
8 ENVESTNET ASSET MANAGEMENT INC 0.60% of their portfolio Berwyn, PA 18,647,22718.6m $1.3bn $1.3bn 0.60% Reduced -3.5m -3,540,369
9 WELLS FARGO & COMPANY/MN 0.36% of their portfolio SAN FRANCISCO, CA 16,609,82316.6m $1.2bn $1.2bn 0.36% Reduced -613.8k -613,771
10 SEI INVESTMENTS CO 1.99% of their portfolio OAKS, PA 15,886,29815.9m $1.1bn $1.1bn 1.99% Added +1.2m +1,192,615
11 GOLDMAN SACHS GROUP INC 0.28% of their portfolio NEW YORK, NY 15,609,77515.6m $1.1bn $1.1bn 0.28% Reduced -191.1k -191,113
12 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 15,444,91315.4m $1.1bn $1.1bn 0.13% Added +1.3m +1,320,250
13 Allworth Financial LP 9.10% of their portfolio FOLSOM, CA 15,214,19615.2m $1.1bn $1.1bn 9.10% Added +587.7k +587,703
14 BlackRock Inc. 0.03% of their portfolio New York, NY 12,733,19612.7m $888.5m $888.5m 0.03% Reduced -45.9k -45,862
15 Morningstar Investment Services LLC 8.44% of their portfolio CHICAGO, IL 9,416,0479.4m $657.3m $657.3m 8.44% Added +363.3k +363,289
16 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.32% of their portfolio Toronto, A6 7,954,2338.0m $555.0m $555.0m 0.32% Reduced -10.9m -10,916,136
17 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 5,760,9945.8m $402.0m $402.0m 0.09% Reduced -2.3m -2,286,472
18 OSAIC HOLDINGS, INC. 0.57% of their portfolio SCOTTSDALE, AZ 5,531,6565.5m $385.9m $385.9m 0.57% Added +1.2m +1,181,983
19 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 4,937,1504.9m $344.7m $344.7m 0.11% Added +184.9k +184,940
20 Orgel Wealth Management, LLC 11.42% of their portfolio ALTOONA, WI 4,843,0694.8m $337.9m $337.9m 11.42% Added +75.8k +75,760
21 PNC Financial Services Group, Inc. 0.29% of their portfolio Pittsburgh, PA 4,834,1724.8m $337.3m $337.3m 0.29% Reduced -68.2k -68,177
22 UBS Group AG 0.14% of their portfolio ZURICH, V8 4,236,8174.2m $295.6m $295.6m 0.14% Reduced -26.2k -26,223
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio SAN FRANCISCO, CA 3,841,4143.8m $268.1m $268.1m 0.08% Added +2.9m +2,866,691
24 CBIZ Investment Advisory Services, LLC 22.10% of their portfolio INDEPENDENCE, OH 3,448,0023.4m $240.6m $240.6m 22.10% Added +573.3k +573,348
25 US BANCORP \DE\ 0.26% of their portfolio MINNEAPOLIS, MN 3,411,3343.4m $160.6m $160.6m 0.26% Added +3.0m +3,043,989
26 Facet Wealth, Inc. 10.63% of their portfolio WEST PALM BEACH, FL 3,155,2733.2m $216.2m $216.2m 10.63% Reduced -1.1m -1,068,485
27 Global Endowment Management, LP 23.55% of their portfolio CHARLOTTE, NC 3,153,9003.2m $220.1m $220.1m 23.55% Reduced -106.0k -106,000
28 Pure Financial Advisors, LLC 8.48% of their portfolio SAN DIEGO, CA 2,972,9223.0m $207.5m $207.5m 8.48% Added +299.2k +299,173
29 TRUIST FINANCIAL CORP 0.33% of their portfolio CHARLOTTE, NC 2,808,8942.8m $196.0m $196.0m 0.33% Added +249.7k +249,693
30 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,683,1912.7m $187.2m $187.2m 0.05% Added +68.6k +68,553
31 M&T Bank Corp 0.74% of their portfolio BUFFALO, NY 2,671,4432.7m $186.4m $186.4m 0.74% Added +328.7k +328,706
32 ASSETMARK, INC 0.74% of their portfolio CONCORD, CA 2,654,2452.7m $185.2m $185.2m 0.74% Added +273.1k +273,117
33 Raymond James Financial Services Advisors, Inc. 0.32% of their portfolio ST. PETERSBURG, FL 2,552,9102.6m $178.1m $178.1m 0.32% Added +62.8k +62,801
34 Cambridge Investment Research Advisors, Inc. 0.76% of their portfolio FAIRFIELD, IA 2,347,1672.3m $163.8m $163.8m 0.76% Added +52.5k +52,498
35 GenTrust, LLC 11.32% of their portfolio MIAMI, FL 2,307,2862.3m $161.0m $161.0m 11.32% Added +47.4k +47,392
36 Cetera Investment Advisers 1.33% of their portfolio SCHAUMBURG, IL 2,200,6592.2m $153.6m $153.6m 1.33% Added +14.3k +14,256
37 RiverFront Investment Group, LLC 5.44% of their portfolio RICHMOND, VA 2,197,8722.2m $153.4m $153.4m 5.44% Reduced -149.0k -149,000
38 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,184,1302.2m $152.4m $152.4m 0.01% Reduced -460.3k -460,269
39 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 2,179,0892.2m $152.0m $152.0m 0.29% Added +430.9k +430,918
40 RFG Advisory, LLC 6.32% of their portfolio BIRMINGHAM, AL 2,025,6902.0m $141.4m $141.4m 6.32% Added +229.7k +229,692
41 Envestnet Portfolio Solutions, Inc. 0.66% of their portfolio BERWYN, PA 1,993,0942.0m $139.1m $139.1m 0.66% First filing
42 Corient Private Wealth LP 0.31% of their portfolio MIAMI, FL 1,911,7781.9m $133.4m $133.4m 0.31% Added +64.4k +64,383
43 Cetera Advisor Networks LLC 0.82% of their portfolio EL SEGUNDO, CA 1,866,6681.9m $130.3m $130.3m 0.82% Added +278.3k +278,263
44 MISSION WEALTH MANAGEMENT, LP 4.89% of their portfolio Santa Barbara, CA 1,852,6181.9m $129.3m $129.3m 4.89% Added +206.8k +206,813
45 Acropolis Investment Management, LLC 9.42% of their portfolio ST. LOUIS, MO 1,742,6171.7m $121.6m $121.6m 9.42% Reduced -14.9k -14,947
46 Alaska Permanent Capital Management, LLC 10.64% of their portfolio ANCHORAGE, AK 1,721,7271.7m $120.1m $120.1m 10.64% Reduced -69.2k -69,172
47 Foster Group, Inc. 7.34% of their portfolio WEST DES MOINES, IA 1,720,5591.7m $120.1m $120.1m 7.34% Added +70.1k +70,057
48 RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio ST PETERSBURG, FL 1,714,6371.7m $119.6m $119.6m 0.10% Added +44.2k +44,210
49 COMMONWEALTH EQUITY SERVICES, LLC 0.25% of their portfolio WALTHAM, MA 1,694,7421.7m $118.3m $118.3m 0.25% Added +20.9k +20,908
50 PRUDENTIAL FINANCIAL INC 0.18% of their portfolio NEWARK, NJ 1,691,9731.7m $118.1m $118.1m 0.18% Reduced -542.6k -542,553
51 MCMORGAN & CO LLC 21.50% of their portfolio SAN FRANCISCO, CA 1,666,7891.7m $116.3m $116.3m 21.50% Added +47.9k +47,907
52 Stairway Partners, LLC 12.44% of their portfolio MINNEAPOLIS, MN 1,659,0101.7m $115.8m $115.8m 12.44% Reduced -496.7k -496,660
53 TORONTO DOMINION BANK 0.09% of their portfolio TORONTO, ONTARIO, A6 1,610,4601.6m $112.4m $112.4m 0.09% Added +10.0k +10,000
54 Diana Davis Spencer Foundation 45.18% of their portfolio BETHESDA, MD 1,608,1001.6m $112.2m $112.2m 45.18% Unchanged
55 TIAA TRUST, NATIONAL ASSOCIATION 0.40% of their portfolio CHARLOTTE, NC 1,571,2211.6m $109.6m $109.6m 0.40% First filing
56 Efficient Advisors, LLC 7.08% of their portfolio BEAVERTON, OR 1,499,2311.5m $104.6m $104.6m 7.08% Added +47.6k +47,573
57 Betterment LLC 0.33% of their portfolio NEW YORK, NY 1,494,2041.5m $104.3m $104.3m 0.33% Added +25.7k +25,674
58 RATIONAL ADVISORS, INC. 9.28% of their portfolio San Juan, PR 1,468,7301.5m $102.5m $102.5m 9.28% Reduced -59.4k -59,415
59 Alesco Advisors, LLC, An ESL Co 3.92% of their portfolio Pittsford, NY 1,455,0401.5m $101.5m $101.5m 3.92% Added +64.6k +64,632
60 FIL Ltd 0.12% of their portfolio HAMILTON, D0 1,452,9421.5m $101.4m $101.4m 0.12% Added +1.3m +1,344,606
61 Bogart Wealth, LLC 6.24% of their portfolio MCLEAN, VA 1,448,6321.4m $101.1m $101.1m 6.24% Added +257.0k +257,012
62 MML INVESTORS SERVICES, LLC 0.53% of their portfolio SPRINGFIELD, MA 1,366,2611.4m $95.3m $95.3m 0.53% Added +145.1k +145,093
63 Savant Capital, LLC 1.38% of their portfolio ROCKFORD, IL 1,327,2051.3m $92.6m $92.6m 1.38% Added +338.3k +338,275
64 Capstone Financial Advisors, Inc. 7.22% of their portfolio DOWNERS GROVE, IL 1,311,7691.3m $91.5m $91.5m 7.22% Added +51.5k +51,482
65 Mariner, LLC 0.24% of their portfolio Overland Park, KS 1,307,9911.3m $91.3m $91.3m 0.24% Added +121.7k +121,688
66 Voya Financial Advisors, Inc. 11.37% of their portfolio WINDSOR, CT 1,307,8311.3m $91.3m $91.3m 11.37% Added +80.1k +80,127
67 AMG National Trust Bank 3.14% of their portfolio GREENWOOD VILLAGE, CO 1,287,1641.3m $89.8m $89.8m 3.14% Added +211.0k +210,991
68 Verus Financial Partners, Inc. 11.46% of their portfolio RICHMOND, VA 1,266,6801.3m $88.0m $88.0m 11.46% Added +81.7k +81,694
69 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 7.66% of their portfolio KNOXVILLE, TN 1,197,3991.2m $83.6m $83.6m 7.66% Added +66.3k +66,302
70 CITIGROUP INC 0.12% of their portfolio NEW YORK, NY 1,176,4121.2m $82.1m $82.1m 0.12% Reduced -8.6k -8,592
71 Beacon Pointe Advisors, LLC 1.02% of their portfolio NEWPORT BEACH, CA 1,170,4931.2m $81.7m $81.7m 1.02% Added +183.5k +183,542
72 Chandler Asset Management, Inc. 19.63% of their portfolio SAN DIEGO, CA 1,159,5991.2m $80.9m $80.9m 19.63% Added +48.1k +48,052
73 Pacific Life Fund Advisors LLC 8.51% of their portfolio NEWPORT BEACH, CA 1,152,0321.2m $80.4m $80.4m 8.51% New
74 Martel Wealth Advisors LLC 19.85% of their portfolio VANCOUVER, WA 1,143,2931.1m $79.8m $79.8m 19.85% Added +52.6k +52,650
75 Wealthfront Advisers LLC 0.33% of their portfolio Palo Alto, CA 1,092,9621.1m $76.3m $76.3m 0.33% Reduced -13.8k -13,826
76 ALPS ADVISORS INC 0.63% of their portfolio Denver, CO 1,083,7971.1m $75.6m $75.6m 0.63% Added +70.1k +70,105
77 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.12% of their portfolio MINNEAPOLIS, MN 1,083,6121.1m $75.6m $75.6m 2.12% Added +74.5k +74,471
78 Composition Wealth, LLC 2.33% of their portfolio LOS ANGELES, CA 1,082,4531.1m $75.5m $75.5m 2.33% Added +92.3k +92,281
79 BURRUS FINANCIAL SERVICES, INC. 41.76% of their portfolio SALT LAKE CITY, UT 1,053,1001.1m $73.5m $73.5m 41.76% Added +50.4k +50,372
80 Metropolitan Life Insurance Co/NY 3.77% of their portfolio New York, NY 1,039,5421.0m $72.5m $72.5m 3.77% Added +210.8k +210,792
81 Lutz Financial Services LLC 7.84% of their portfolio OMAHA, NE 1,031,2431.0m $72.0m $72.0m 7.84% Added +103.8k +103,787
82 MA Private Wealth 16.55% of their portfolio SAN CARLOS, CA 1,003,8201.0m $70.0m $70.0m 16.55% Added +146.0k +146,011
83 Symmetry Partners, LLC 3.72% of their portfolio GLASTONBURY, CT 984,666984.7k $68.7m $68.7m 3.72% Added +63.5k +63,504
84 Alaska Wealth Advisors, LLC 10.54% of their portfolio ANCHORAGE, AK 947,594947.6k $66.1m $66.1m 10.54% Added +83.7k +83,656
85 Financial Advisors Network, Inc. 14.40% of their portfolio TUSTIN, CA 918,033918.0k $64.1m $64.1m 14.40% First filing
86 Great Waters Wealth Management 12.25% of their portfolio SHOREVIEW, MN 897,242897.2k $61.7m $61.7m 12.25% Reduced -63.3k -63,318
87 RAFFA WEALTH MANAGEMENT, LLC 21.04% of their portfolio WASHINGTON, DC 886,659886.7k $61.9m $61.9m 21.04% Added +3.2k +3,247
88 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 862,712862.7k $60.2m $60.2m 0.03% Reduced -187.3k -187,338
89 Apella Capital, LLC 4.17% of their portfolio WEST HARTFORD, CT 846,397846.4k $59.1m $59.1m 4.17% Added +30.6k +30,572
90 COMERICA BANK 0.31% of their portfolio DALLAS, TX 846,295846.3k $59.1m $59.1m 0.31% New
91 Financial Engines Advisors L.L.C. 0.15% of their portfolio SANTA CLARA, CA 824,597824.6k $57.5m $57.5m 0.15% Added +22.7k +22,679
92 HORIZON BANCORP INC /IN/ 36.61% of their portfolio MICHIGAN CITY, IN 819,553819.6k $57.2m $57.2m 36.61% Reduced -18.9k -18,874
93 Prime Capital Investment Advisors, LLC 1.15% of their portfolio OVERLAND PARK, KS 806,109806.1k $56.3m $56.3m 1.15% Added +9.8k +9,822
94 NICOLET ADVISORY SERVICES, LLC 6.04% of their portfolio GREEN BAY, WI 790,684790.7k $54.6m $54.6m 6.04% Reduced -38.4k -38,368
95 SIGNATUREFD, LLC 1.44% of their portfolio ATLANTA, GA 789,731789.7k $55.1m $55.1m 1.44% Reduced -28.5k -28,504
96 TEXAS TREASURY SAFEKEEPING TRUST CO 12.29% of their portfolio AUSTIN, TX 774,970775.0k $54.1m $54.1m 12.29% New
97 Stratos Wealth Partners, LTD. 1.16% of their portfolio BEACHWOOD, OH 769,823769.8k $53.7m $53.7m 1.16% Reduced -117.0k -116,968
98 Arkos Global Advisors 10.90% of their portfolio HOUSTON, TX 766,864766.9k $53.5m $53.5m 10.90% Added +168.5k +168,509
99 ALM First Financial Advisors, LLC 9.20% of their portfolio DALLAS, TX 750,000750.0k $52.3m $52.3m 9.20% Unchanged
100 Rockbridge Investment Management, LCC 9.24% of their portfolio Syracuse, NY 748,745748.7k $52.2m $52.2m 9.24% Added +58.8k +58,755