Vault-13

VANGUARD BD INDEX FDS BND

TOTAL BND MRKT · ETP · CUSIP 921937835

1,432 institutional holders -24 vs Q4 2023
1,121,314,1681.1bn shares reported held*
$81.5bnreported value*
100 new 685 added 487 reduced 127 sold out net bought ≈ $5.4bn (+73.8m 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 ($128.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $72.71. Options: 3 managers hold calls ($4.0m notional), 5 hold puts ($2.1m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,157Q4 22: 1,253Q1 23: 1,267Q2 23: 1,282Q3 23: 1,288Q4 23: 1,456Q1 24: 1,4321,432Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20221,157
Q4 20221,253
Q1 20231,267
Q2 20231,282
Q3 20231,288
Q4 20231,456
Q1 20241,432

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 23Q4 23: 762 bought or addedQ4 23: 540 cut or sold outQ4 23Q1 24: 785 bought or addedQ1 24: 614 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022602553
Q1 2023640566
Q2 2023673523
Q3 2023707530
Q4 2023762540
Q1 2024785614

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ2 23 calls: $5.4mQ2 23 puts: $1.3mQ2 23P/C 0.24Q3 23 calls: $4.2mQ3 23 puts: $1.5mQ3 23P/C 0.35Q4 23 calls: $3.9mQ4 23 puts: $2.6mQ4 23P/C 0.66Q1 24 calls: $4.0mQ1 24 puts: $2.1mQ1 24P/C 0.53
Numbers
QuarterCallsPutsP/C
Q2 2023$5.4m$1.3m0.24
Q3 2023$4.2m$1.5m0.35
Q4 2023$3.9m$2.6m0.66
Q1 2024$4.0m$2.1m0.53

Biggest buyers

MORGAN STANLEY Added +104,143,316+104.1m
Creative Planning Added +14,643,483+14.6m
VANGUARD GROUP INC Added +6,253,040+6.3m
TEXAS TREASURY SAFEKEEPING TRUST CO Added +4,400,646+4.4m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +3,562,945+3.6m
Cetera Investment Advisers Added +2,660,678+2.7m
FFT WEALTH MANAGEMENT LLC New +1,417,979+1.4m
RATIONAL ADVISORS, INC. New +1,313,739+1.3m
Bank of New York Mellon Corp Added +1,142,058+1.1m
TOEWS CORP /ADV New +1,046,562+1.0m

Biggest sellers

JPMORGAN CHASE & CO Reduced -32,933,690-32.9m
LPL Financial LLC Reduced -19,302,799-19.3m
Morningstar Investment Services LLC Reduced -8,619,992-8.6m
SEI INVESTMENTS CO Reduced -4,384,488-4.4m
JONES FINANCIAL COMPANIES LLLP Reduced -4,248,444-4.2m
Cetera Advisor Networks LLC Sold out -1,872,098-1.9m
BANK OF AMERICA CORP /DE/ Reduced -1,575,590-1.6m
STATE STREET CORP Reduced -1,498,879-1.5m
OSAIC HOLDINGS, INC. Reduced -1,402,924-1.4m
ASSETMARK, INC Reduced -1,182,755-1.2m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.5m48.6k shares
CITADEL ADVISORS LLC Reduced $479.4k6.6k shares
Cutler Group LLC / CA Reduced $1.0k1.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.8m24.8k shares
CITADEL ADVISORS LLC Reduced $181.6k2.5k shares
SIMPLEX TRADING, LLC Added $146.0k2.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.53% of their portfolio NEW YORK, NY 273,836,400273.8m $19.9bn $19.9bn 0.53% Added +104.1m +104,143,316
2 JPMORGAN CHASE & CO 0.52% of their portfolio NEW YORK, NY 159,742,394159.7m $11.6bn $11.6bn 0.52% Reduced -32.9m -32,933,690
3 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 8.86% of their portfolio MILWAUKEE, WI 118,726,498118.7m $8.6bn $8.6bn 8.86% Added +3.6m +3,562,945
4 Creative Planning 6.10% of their portfolio OVERLAND PARK, KS 75,747,09675.7m $5.5bn $5.5bn 6.10% Added +14.6m +14,643,483
5 VANGUARD GROUP INC 0.05% of their portfolio Valley Forge, PA 37,326,57337.3m $2.7bn $2.7bn 0.05% Added +6.3m +6,253,040
6 JONES FINANCIAL COMPANIES LLLP 3.19% of their portfolio DES PERES, MO 32,239,83132.2m $2.3bn $2.3bn 3.19% Reduced -4.2m -4,248,444
7 WELLS FARGO & COMPANY/MN 0.37% of their portfolio SAN FRANCISCO, CA 19,347,58319.3m $1.4bn $1.4bn 0.37% Added +116.1k +116,073
8 ENVESTNET ASSET MANAGEMENT INC 0.52% of their portfolio Berwyn, PA 19,104,20019.1m $1.4bn $1.4bn 0.52% Added +352.0k +352,028
9 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 18,490,84918.5m $1.3bn $1.3bn 0.13% Reduced -1.6m -1,575,590
10 Allworth Financial LP 8.50% of their portfolio FOLSOM, CA 16,564,65416.6m $1.2bn $1.2bn 8.50% Added +828.5k +828,500
11 LPL Financial LLC 0.58% of their portfolio FORT MILL, SC 14,894,13114.9m $1.1bn $1.1bn 0.58% Reduced -19.3m -19,302,799
12 GOLDMAN SACHS GROUP INC 0.22% of their portfolio NEW YORK, NY 14,625,56714.6m $1.1bn $1.1bn 0.22% Reduced -716.9k -716,949
13 BlackRock Inc. 0.02% of their portfolio New York, NY 12,799,82812.8m $929.7m $929.7m 0.02% Added +46.5k +46,539
14 SEI INVESTMENTS CO 1.27% of their portfolio OAKS, PA 11,928,48311.9m $866.4m $866.4m 1.27% Reduced -4.4m -4,384,488
15 TEXAS TREASURY SAFEKEEPING TRUST CO 26.33% of their portfolio AUSTIN, TX 11,297,28611.3m $820.5m $820.5m 26.33% Added +4.4m +4,400,646
16 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.73% of their portfolio Toronto, A6 10,895,75510.9m $791.3m $791.3m 0.73% Added +729.6k +729,573
17 Morningstar Investment Services LLC 7.42% of their portfolio CHICAGO, IL 9,278,0809.3m $674.7m $674.7m 7.42% Reduced -8.6m -8,619,992
18 Bank of New York Mellon Corp 0.10% of their portfolio NEW YORK, NY 6,867,1586.9m $498.8m $498.8m 0.10% Added +1.1m +1,142,058
19 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 6,575,5546.6m $477.2m $477.2m 0.13% Added +685.1k +685,134
20 PNC Financial Services Group, Inc. 0.25% of their portfolio Pittsburgh, PA 4,854,5764.9m $352.6m $352.6m 0.25% Reduced -21.9k -21,897
21 Cetera Investment Advisers 0.82% of their portfolio SCHAUMBURG, IL 4,807,3014.8m $349.2m $349.2m 0.82% Added +2.7m +2,660,678
22 Facet Wealth, Inc. 10.98% of their portfolio WEST PALM BEACH, FL 4,560,3734.6m $325.7m $325.7m 10.98% Added +670.4k +670,382
23 Orgel Wealth Management, LLC 8.40% of their portfolio ALTOONA, WI 4,218,2474.2m $306.4m $306.4m 8.40% Reduced -664.1k -664,114
24 CBIZ Investment Advisory Services, LLC 20.58% of their portfolio INDEPENDENCE, OH 4,077,8034.1m $296.2m $296.2m 20.58% Added +504.8k +504,782
25 UBS Group AG 0.10% of their portfolio ZURICH, V8 4,030,3574.0m $292.7m $292.7m 0.10% Reduced -742.9k -742,909
26 Pure Financial Advisors, LLC 8.45% of their portfolio SAN DIEGO, CA 3,716,5533.7m $269.9m $269.9m 8.45% Added +387.5k +387,513
27 ROYAL BANK OF CANADA 0.06% of their portfolio TORONTO, A6 3,586,6093.6m $260.5m $260.5m 0.06% Added +207.5k +207,515
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio SAN FRANCISCO, CA 3,383,1283.4m $245.7m $245.7m 0.06% Reduced -138.5k -138,510
29 Global Endowment Management, LP 24.44% of their portfolio CHARLOTTE, NC 3,229,9003.2m $234.6m $234.6m 24.44% Added +182.0k +182,000
30 HighTower Advisors, LLC 0.35% of their portfolio CHICAGO, IL 3,015,7903.0m $219.1m $219.1m 0.35% Added +151.6k +151,574
31 Raymond James Financial Services Advisors, Inc. 0.32% of their portfolio ST. PETERSBURG, FL 2,988,8953.0m $217.1m $217.1m 0.32% Added +277.6k +277,569
32 OSAIC HOLDINGS, INC. 0.48% of their portfolio SCOTTSDALE, AZ 2,974,8603.0m $216.1m $216.1m 0.48% Reduced -1.4m -1,402,924
33 M&T Bank Corp 0.74% of their portfolio BUFFALO, NY 2,925,2932.9m $212.5m $212.5m 0.74% Added +121.8k +121,805
34 TRUIST FINANCIAL CORP 0.29% of their portfolio CHARLOTTE, NC 2,644,2352.6m $192.1m $192.1m 0.29% Reduced -242.9k -242,920
35 Cambridge Investment Research Advisors, Inc. 0.73% of their portfolio FAIRFIELD, IA 2,612,4342.6m $189.7m $189.7m 0.73% Added +349.7k +349,716
36 RFG Advisory, LLC 5.91% of their portfolio BIRMINGHAM, AL 2,391,1242.4m $173.7m $173.7m 5.91% Added +418.4k +418,368
37 MISSION WEALTH MANAGEMENT, LP 4.66% of their portfolio Santa Barbara, CA 2,390,1042.4m $173.6m $173.6m 4.66% Added +380.4k +380,446
38 TIAA TRUST, NATIONAL ASSOCIATION 0.52% of their portfolio CHARLOTTE, NC 2,330,7602.3m $169.4m $169.4m 0.52% Added +348.5k +348,508
39 Corient Private Wealth LP 0.30% of their portfolio MIAMI, FL 2,328,0242.3m $169.1m $169.1m 0.30% Added +435.5k +435,472
40 RiverFront Investment Group, LLC 4.60% of their portfolio RICHMOND, VA 2,249,9852.2m $163.4m $163.4m 4.60% Added +83.4k +83,410
41 Envestnet Portfolio Solutions, Inc. 0.61% of their portfolio BERWYN, PA 2,248,0242.2m $163.3m $163.3m 0.61% Reduced -652.2k -652,200
42 First Financial Bankshares Inc 3.64% of their portfolio Abilene, TX 2,227,2052.2m $161.8m $161.8m 3.64% Added +97.2k +97,186
43 Savant Capital, LLC 1.78% of their portfolio ROCKFORD, IL 2,132,7062.1m $154.9m $154.9m 1.78% Added +440.8k +440,833
44 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,075,4842.1m $150.7m $150.7m 0.01% Reduced -1.5m -1,498,879
45 PRUDENTIAL FINANCIAL INC 0.20% of their portfolio NEWARK, NJ 2,001,1102.0m $145.3m $145.3m 0.20% Reduced -62.9k -62,908
46 RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio ST PETERSBURG, FL 1,913,6141.9m $139.0m $139.0m 0.09% Added +205.9k +205,916
47 Alaska Permanent Capital Management, LLC 10.64% of their portfolio ANCHORAGE, AK 1,882,6701.9m $136.7m $136.7m 10.64% Added +190.9k +190,892
48 Acropolis Investment Management, LLC 8.85% of their portfolio ST. LOUIS, MO 1,862,5461.9m $135.3m $135.3m 8.85% Added +92.5k +92,477
49 Composition Wealth, LLC 3.33% of their portfolio LOS ANGELES, CA 1,824,4141.8m $132.5m $132.5m 3.33% Added +602.1k +602,101
50 Foster Group, Inc. 6.58% of their portfolio WEST DES MOINES, IA 1,823,8161.8m $132.5m $132.5m 6.58% Added +103.3k +103,257
51 MCMORGAN & CO LLC 21.53% of their portfolio SAN FRANCISCO, CA 1,725,0161.7m $125.3m $125.3m 21.53% Added +16.5k +16,500
52 COMMONWEALTH EQUITY SERVICES, LLC 0.20% of their portfolio WALTHAM, MA 1,691,4701.7m $122.9m $122.9m 0.20% Reduced -100.2k -100,187
53 Bogart Wealth, LLC 6.09% of their portfolio MCLEAN, VA 1,628,8421.6m $118.3m $118.3m 6.09% Added +134.8k +134,773
54 Diana Davis Spencer Foundation 44.86% of their portfolio BETHESDA, MD 1,608,1001.6m $116.8m $116.8m 44.86% Unchanged
55 Mariner, LLC 0.24% of their portfolio Overland Park, KS 1,597,8401.6m $116.1m $116.1m 0.24% Added +194.1k +194,112
56 Cerity Partners LLC 0.30% of their portfolio NEW YORK, NY 1,571,8431.6m $113.6m $113.6m 0.30% Added +177.8k +177,845
57 OAKWORTH CAPITAL, INC. 8.50% of their portfolio BIRMINGHAM, AL 1,553,6781.6m $112.8m $112.8m 8.50% Added +63.5k +63,460
58 Alesco Advisors, LLC, An ESL Co 3.71% of their portfolio Pittsford, NY 1,553,3381.6m $112.8m $112.8m 3.71% Added +75.7k +75,658
59 MML INVESTORS SERVICES, LLC 0.45% of their portfolio SPRINGFIELD, MA 1,493,4111.5m $108.5m $108.5m 0.45% Added +180.4k +180,410
60 Stairway Partners, LLC 8.61% of their portfolio MINNEAPOLIS, MN 1,468,0491.5m $106.6m $106.6m 8.61% Added +118.2k +118,229
61 Voya Financial Advisors, Inc. 12.17% of their portfolio WINDSOR, CT 1,465,4801.5m $106.6m $106.6m 12.17% Added +89.6k +89,568
62 Capstone Financial Advisors, Inc. 7.13% of their portfolio DOWNERS GROVE, IL 1,460,2131.5m $106.1m $106.1m 7.13% Added +56.3k +56,334
63 FFT WEALTH MANAGEMENT LLC 8.87% of their portfolio PHILADELPHIA, PA 1,417,9791.4m $103.0m $103.0m 8.87% New
64 ASSETMARK, INC 0.33% of their portfolio CONCORD, CA 1,413,2501.4m $102.6m $102.6m 0.33% Reduced -1.2m -1,182,755
65 Betterment LLC 0.27% of their portfolio NEW YORK, NY 1,390,5861.4m $101.0m $101.0m 0.27% Reduced -83.5k -83,543
66 Retirement Systems of Alabama 0.38% of their portfolio MONTGOMERY, AL 1,367,1521.4m $99.3m $99.3m 0.38% Added +452.4k +452,385
67 AMG National Trust Bank 2.89% of their portfolio GREENWOOD VILLAGE, CO 1,361,3211.4m $98.9m $98.9m 2.89% Added +30.2k +30,191
68 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 7.66% of their portfolio KNOXVILLE, TN 1,332,9271.3m $96.8m $96.8m 7.66% Added +51.6k +51,551
69 Verus Financial Partners, Inc. 11.25% of their portfolio RICHMOND, VA 1,322,3781.3m $96.0m $96.0m 11.25% Added +47.8k +47,765
70 RATIONAL ADVISORS, INC. 8.85% of their portfolio San Juan, PR 1,313,7391.3m $95.4m $95.4m 8.85% New
71 Efficient Advisors, LLC 5.94% of their portfolio BEAVERTON, OR 1,274,4401.3m $92.6m $92.6m 5.94% Added +21.0k +20,964
72 Chandler Asset Management, Inc. 18.74% of their portfolio SAN DIEGO, CA 1,272,8221.3m $92.4m $92.4m 18.74% Added +31.7k +31,695
73 Prime Capital Investment Advisors, LLC 1.26% of their portfolio OVERLAND PARK, KS 1,240,9511.2m $90.1m $90.1m 1.26% Added +216.7k +216,702
74 Wealthfront Advisers LLC 0.31% of their portfolio Palo Alto, CA 1,230,5801.2m $89.4m $89.4m 0.31% Added +129.2k +129,164
75 Martel Wealth Advisors LLC 19.27% of their portfolio VANCOUVER, WA 1,223,5511.2m $88.9m $88.9m 19.27% Added +52.7k +52,733
76 Vestmark Advisory Solutions, Inc. 3.70% of their portfolio Wakefield, MA 1,182,0691.2m $85.9m $85.9m 3.70% Added +358.7k +358,662
77 Apella Capital, LLC 4.20% of their portfolio WEST HARTFORD, CT 1,157,9871.2m $83.2m $83.2m 4.20% Added +245.6k +245,635
78 Pacific Life Fund Advisors LLC 7.90% of their portfolio NEWPORT BEACH, CA 1,108,6381.1m $80.5m $80.5m 7.90% Reduced -6.6k -6,560
79 ALPS ADVISORS INC 0.56% of their portfolio Denver, CO 1,086,0871.1m $78.9m $78.9m 0.56% Added +6.9k +6,905
80 Beacon Pointe Advisors, LLC 0.87% of their portfolio NEWPORT BEACH, CA 1,078,0251.1m $78.3m $78.3m 0.87% Added +75.5k +75,500
81 TOEWS CORP /ADV 13.22% of their portfolio NORTHFIELD, NJ 1,046,5621.0m $76.0m $76.0m 13.22% New
82 Baker Avenue Asset Management, LP 2.95% of their portfolio SAN FRANCISCO, CA 1,029,0721.0m $74.7m $74.7m 2.95% Added +48.1k +48,150
83 RITHOLTZ WEALTH MANAGEMENT 2.57% of their portfolio NEW YORK, NY 1,027,6611.0m $74.6m $74.6m 2.57% Added +1.0m +1,008,031
84 Lutz Financial Services LLC 6.46% of their portfolio OMAHA, NE 1,018,7411.0m $74.0m $74.0m 6.46% Added +23.5k +23,496
85 Alaska Wealth Advisors, LLC 10.93% of their portfolio ANCHORAGE, AK 995,633995.6k $72.3m $72.3m 10.93% Added +90.0k +90,015
86 Stratos Wealth Partners, LTD. 1.19% of their portfolio BEACHWOOD, OH 990,434990.4k $71.9m $71.9m 1.19% Added +8.5k +8,468
87 COMERICA BANK 0.29% of their portfolio DALLAS, TX 923,853923.9k $67.1m $67.1m 0.29% Reduced -29.8k -29,823
88 BURRUS FINANCIAL SERVICES, INC. 33.86% of their portfolio SALT LAKE CITY, UT 910,189910.2k $66.1m $66.1m 33.86% Added +33.0k +32,978
89 RAFFA WEALTH MANAGEMENT, LLC 19.60% of their portfolio WASHINGTON, DC 906,157906.2k $65.8m $65.8m 19.60% Added +15.5k +15,469
90 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 900,533900.5k $65.4m $65.4m 0.02% Added +1.4k +1,358
91 MA Private Wealth 13.09% of their portfolio SAN CARLOS, CA 889,335889.3k $64.6m $64.6m 13.09% Reduced -52.3k -52,281
92 Financial Engines Advisors L.L.C. 0.14% of their portfolio SANTA CLARA, CA 866,097866.1k $62.9m $62.9m 0.14% Added +4.1k +4,106
93 Retirement Planning Group, LLC 4.74% of their portfolio LEAWOOD, KS 852,482852.5k $61.9m $61.9m 4.74% Added +57.3k +57,275
94 Bryn Mawr Trust Advisors, LLC 3.50% of their portfolio PHILADELPHIA, PA 847,980848.0k $61.6m $61.6m 3.50% Added +288.5k +288,529
95 HORIZON BANCORP INC /IN/ 28.90% of their portfolio MICHIGAN CITY, IN 835,058835.1k $60.6m $60.6m 28.90% Reduced -119.2k -119,210
96 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 806,501806.5k $58.6m $58.6m 0.06% Reduced -127.1k -127,149
97 Gilbert & Cook, Inc. 7.80% of their portfolio WEST DES MOINES, IA 788,046788.0k $57.2m $57.2m 7.80% Added +6.0k +6,009
98 Trilogy Capital Inc. 3.24% of their portfolio IRVINE, CA 775,963776.0k $56.4m $56.4m 3.24% Added +768.0k +767,952
99 Bricktown Capital, LLC 11.34% of their portfolio DETROIT, MI 771,516771.5k $56.0m $56.0m 11.34% Added +259.6k +259,579
100 Great Waters Wealth Management 9.14% of their portfolio SHOREVIEW, MN 770,469770.5k $56.0m $56.0m 9.14% Reduced -63.4k -63,373