Vault-13

VANGUARD BD INDEX FDS BND

TOTAL BND MRKT · ETP · CUSIP 921937835

1,449 institutional holders +17 vs Q1 2024
960,175,614960.2m shares reported held*
$69.1bnreported value*
102 new 691 added 496 reduced 97 sold out net sold ≈ $12.3bn (-168.8m 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 ($142.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $71.94. Options: 3 managers hold calls ($11.1m notional), 4 hold puts ($1.7m).

Trends to Q2 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: 1,432Q2 24: 1,4491,449Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 20221,157
Q4 20221,253
Q1 20231,267
Q2 20231,282
Q3 20231,288
Q4 20231,456
Q1 20241,432
Q2 20241,449

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 outQ2 23: 673 bought or addedQ2 23: 523 cut or sold outQ2 23Q3 23: 707 bought or addedQ3 23: 530 cut or sold outQ4 23: 762 bought or addedQ4 23: 540 cut or sold outQ4 23Q1 24: 785 bought or addedQ1 24: 614 cut or sold outQ2 24: 793 bought or addedQ2 24: 593 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022602553
Q1 2023640566
Q2 2023673523
Q3 2023707530
Q4 2023762540
Q1 2024785614
Q2 2024793593

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 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 0.53Q2 24 calls: $11.1mQ2 24 puts: $1.7mQ2 24P/C 0.15
Numbers
QuarterCallsPutsP/C
Q3 2023$4.2m$1.5m0.35
Q4 2023$3.9m$2.6m0.66
Q1 2024$4.0m$2.1m0.53
Q2 2024$11.1m$1.7m0.15

Biggest buyers

Axiom Advisory, LLC Added +22,782,431+22.8m
JPMORGAN CHASE & CO Added +8,956,984+9.0m
Creative Planning Added +8,691,058+8.7m
VANGUARD GROUP INC Added +6,055,379+6.1m
Strategic Financial Concepts, LLC Added +2,091,450+2.1m
Focus Partners Wealth Added +1,183,503+1.2m
ARMSTRONG ADVISORY GROUP, INC Added +1,135,444+1.1m
Savant Capital, LLC Added +921,995+922.0k
CBIZ Investment Advisory Services, LLC Added +888,113+888.1k
Symmetry Partners, LLC Added +851,115+851.1k

Biggest sellers

MORGAN STANLEY Reduced -184,472,115-184.5m
JONES FINANCIAL COMPANIES LLLP Reduced -29,613,779-29.6m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -13,066,314-13.1m
BlackRock Inc. Reduced -2,090,921-2.1m
PNC Financial Services Group, Inc. Reduced -1,467,678-1.5m
TOEWS CORP /ADV Reduced -977,288-977.3k
LPL Financial LLC Reduced -924,315-924.3k
BANK OF AMERICA CORP /DE/ Reduced -920,292-920.3k
Magnolia Wealth Management, LLC Sold out -754,420-754.4k
WELLS FARGO & COMPANY/MN Reduced -546,832-546.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.7m147.9k shares
WOLVERINE TRADING, LLC New $353.0k4.9k shares
CITADEL ADVISORS LLC Reduced $108.1k1.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $807.0k11.2k shares
CITADEL ADVISORS LLC Added $734.9k10.2k shares
SIMPLEX TRADING, LLC Reduced $136.0k1.9k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.52% of their portfolio NEW YORK, NY 168,699,378168.7m $12.2bn $12.2bn 0.52% Added +9.0m +8,956,984
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 7.51% of their portfolio MILWAUKEE, WI 105,660,184105.7m $7.6bn $7.6bn 7.51% Reduced -13.1m -13,066,314
3 MORGAN STANLEY 0.50% of their portfolio NEW YORK, NY 89,364,28589.4m $6.4bn $6.4bn 0.50% Reduced -184.5m -184,472,115
4 Creative Planning 6.50% of their portfolio OVERLAND PARK, KS 84,438,15484.4m $6.1bn $6.1bn 6.50% Added +8.7m +8,691,058
5 VANGUARD GROUP INC 0.06% of their portfolio Valley Forge, PA 43,381,95243.4m $3.1bn $3.1bn 0.06% Added +6.1m +6,055,379
6 Axiom Advisory, LLC 18.04% of their portfolio SAN DIEGO, CA 23,111,21123.1m $1.7bn $1.7bn 18.04% Added +22.8m +22,782,431
7 ENVESTNET ASSET MANAGEMENT INC 0.48% of their portfolio Berwyn, PA 18,943,95918.9m $1.4bn $1.4bn 0.48% Reduced -160.2k -160,241
8 WELLS FARGO & COMPANY/MN 0.35% of their portfolio SAN FRANCISCO, CA 18,800,75118.8m $1.4bn $1.4bn 0.35% Reduced -546.8k -546,832
9 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 17,570,55717.6m $1.3bn $1.3bn 0.12% Reduced -920.3k -920,292
10 Allworth Financial LP 8.08% of their portfolio FOLSOM, CA 17,239,82717.2m $1.3bn $1.3bn 8.08% Added +675.2k +675,173
11 GOLDMAN SACHS GROUP INC 0.21% of their portfolio NEW YORK, NY 14,575,44514.6m $1.1bn $1.1bn 0.21% Reduced -50.1k -50,122
12 LPL Financial LLC 0.50% of their portfolio FORT MILL, SC 13,969,81614.0m $1.0bn $1.0bn 0.50% Reduced -924.3k -924,315
13 SEI INVESTMENTS CO 1.29% of their portfolio OAKS, PA 12,675,12812.7m $913.2m $913.2m 1.29% Added +746.6k +746,645
14 TEXAS TREASURY SAFEKEEPING TRUST CO 30.60% of their portfolio AUSTIN, TX 10,981,61311.0m $791.2m $791.2m 30.60% Reduced -315.7k -315,673
15 BlackRock Inc. 0.02% of their portfolio New York, NY 10,708,90710.7m $771.6m $771.6m 0.02% Reduced -2.1m -2,090,921
16 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.71% of their portfolio Toronto, A6 10,496,47710.5m $756.6m $756.6m 0.71% Reduced -399.3k -399,278
17 Morningstar Investment Services LLC 7.36% of their portfolio CHICAGO, IL 9,359,7329.4m $677.6m $677.6m 7.36% Added +81.7k +81,652
18 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 6,928,9286.9m $499.0m $499.0m 0.14% Added +353.4k +353,374
19 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 6,764,3646.8m $487.4m $487.4m 0.09% Reduced -102.8k -102,794
20 Arizona PSPRS Trust 30.84% of their portfolio PHOENIX, AZ 6,563,6176.6m $472.9m $472.9m 30.84% First filing
21 Facet Wealth, Inc. 11.28% of their portfolio WEST PALM BEACH, FL 5,023,7405.0m $367.3m $367.3m 11.28% Added +463.4k +463,367
22 CBIZ Investment Advisory Services, LLC 20.12% of their portfolio INDEPENDENCE, OH 4,965,9165.0m $357.8m $357.8m 20.12% Added +888.1k +888,113
23 Cetera Investment Advisers 0.82% of their portfolio SCHAUMBURG, IL 4,915,6244.9m $354.2m $354.2m 0.82% Added +108.3k +108,323
24 UBS Group AG 0.10% of their portfolio ZURICH, V8 4,601,8034.6m $331.6m $331.6m 0.10% Added +571.4k +571,446
25 Pure Financial Advisors, LLC 8.41% of their portfolio SAN DIEGO, CA 4,208,2574.2m $303.2m $303.2m 8.41% Added +491.7k +491,704
26 Orgel Wealth Management, LLC 8.08% of their portfolio ALTOONA, WI 4,154,4804.2m $299.3m $299.3m 8.08% Reduced -63.8k -63,767
27 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 3,902,0283.9m $281.1m $281.1m 0.07% Added +315.4k +315,419
28 PNC Financial Services Group, Inc. 0.16% of their portfolio Pittsburgh, PA 3,386,8983.4m $244.0m $244.0m 0.16% Reduced -1.5m -1,467,678
29 HighTower Advisors, LLC 0.38% of their portfolio CHICAGO, IL 3,379,1443.4m $243.5m $243.5m 0.38% Added +363.4k +363,354
30 Raymond James Financial Services Advisors, Inc. 0.33% of their portfolio ST. PETERSBURG, FL 3,246,9753.2m $233.9m $233.9m 0.33% Added +258.1k +258,080
31 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 3,242,6683.2m $233.6m $233.6m 0.04% Reduced -140.5k -140,460
32 Global Endowment Management, LP 23.84% of their portfolio CHARLOTTE, NC 3,126,8203.1m $225.3m $225.3m 23.84% Reduced -103.1k -103,080
33 Savant Capital, LLC 2.20% of their portfolio ROCKFORD, IL 3,054,7013.1m $220.1m $220.1m 2.20% Added +922.0k +921,995
34 M&T Bank Corp 0.74% of their portfolio BUFFALO, NY 3,016,3203.0m $217.3m $217.3m 0.74% Added +91.0k +91,027
35 OSAIC HOLDINGS, INC. 0.49% of their portfolio SCOTTSDALE, AZ 2,901,0442.9m $209.0m $209.0m 0.49% Reduced -73.8k -73,816
36 Corient Private Wealth LP 0.35% of their portfolio MIAMI, FL 2,812,7002.8m $202.7m $202.7m 0.35% Added +484.7k +484,676
37 Cambridge Investment Research Advisors, Inc. 0.71% of their portfolio FAIRFIELD, IA 2,680,9362.7m $193.2m $193.2m 0.71% Added +68.5k +68,502
38 JONES FINANCIAL COMPANIES LLLP 0.22% of their portfolio DES PERES, MO 2,626,0522.6m $189.2m $189.2m 0.22% Reduced -29.6m -29,613,779
39 TRUIST FINANCIAL CORP 0.29% of their portfolio CHARLOTTE, NC 2,600,8072.6m $187.4m $187.4m 0.29% Reduced -43.4k -43,428
40 RFG Advisory, LLC 6.02% of their portfolio BIRMINGHAM, AL 2,564,7942.6m $184.8m $184.8m 6.02% Added +173.7k +173,670
41 MISSION WEALTH MANAGEMENT, LP 4.95% of their portfolio Santa Barbara, CA 2,533,8112.5m $182.6m $182.6m 4.95% Added +143.7k +143,707
42 Composition Wealth, LLC 4.30% of their portfolio LOS ANGELES, CA 2,446,1282.4m $176.2m $176.2m 4.30% Added +621.7k +621,714
43 TIAA TRUST, NATIONAL ASSOCIATION 0.51% of their portfolio CHARLOTTE, NC 2,299,2192.3m $165.7m $165.7m 0.51% Reduced -31.5k -31,541
44 Envestnet Portfolio Solutions, Inc. 0.57% of their portfolio BERWYN, PA 2,267,3352.3m $163.4m $163.4m 0.57% Added +19.3k +19,311
45 First Financial Bankshares Inc 3.72% of their portfolio Abilene, TX 2,253,1822.3m $162.3m $162.3m 3.72% Added +26.0k +25,977
46 RiverFront Investment Group, LLC 4.33% of their portfolio RICHMOND, VA 2,251,5612.3m $162.2m $162.2m 4.33% Added +1.6k +1,576
47 RAYMOND JAMES & ASSOCIATES 0.11% of their portfolio ST PETERSBURG, FL 2,224,1642.2m $160.3m $160.3m 0.11% Added +310.6k +310,550
48 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 2,145,0512.1m $154.6m $154.6m 0.01% Added +69.6k +69,567
49 Strategic Financial Concepts, LLC 0.70% of their portfolio SAN ANTONIO, TX 2,136,6152.1m $1.2m $1.2m 0.70% Added +2.1m +2,091,450
50 Foster Group, Inc. 5.40% of their portfolio WEST DES MOINES, IA 1,906,2861.9m $137.3m $137.3m 5.40% Added +82.5k +82,470
51 Acropolis Investment Management, LLC 8.64% of their portfolio ST. LOUIS, MO 1,899,0151.9m $136.8m $136.8m 8.64% Added +36.5k +36,469
52 ARMSTRONG ADVISORY GROUP, INC 12.03% of their portfolio NEEDHAM, MA 1,887,3591.9m $136.0m $136.0m 12.03% Added +1.1m +1,135,444
53 Alaska Permanent Capital Management, LLC 11.45% of their portfolio ANCHORAGE, AK 1,860,0961.9m $134.0m $134.0m 11.45% Reduced -22.6k -22,574
54 MCMORGAN & CO LLC 20.72% of their portfolio SAN FRANCISCO, CA 1,812,4071.8m $130.6m $130.6m 20.72% Added +87.4k +87,391
55 Bogart Wealth, LLC 6.36% of their portfolio MCLEAN, VA 1,734,1901.7m $124.9m $124.9m 6.36% Added +105.3k +105,348
56 PRUDENTIAL FINANCIAL INC 0.19% of their portfolio NEWARK, NJ 1,714,9811.7m $123.6m $123.6m 0.19% Reduced -286.1k -286,129
57 Alesco Advisors, LLC, An ESL Co 3.93% of their portfolio Pittsford, NY 1,662,9931.7m $119.8m $119.8m 3.93% Added +109.7k +109,655
58 COMMONWEALTH EQUITY SERVICES, LLC 0.19% of their portfolio WALTHAM, MA 1,659,2601.7m $119.5m $119.5m 0.19% Reduced -32.2k -32,210
59 Focus Partners Wealth 0.40% of their portfolio ST LOUIS, MO 1,620,5401.6m $117.3m $117.3m 0.40% Added +1.2m +1,183,503
60 Retirement Systems of Alabama 0.45% of their portfolio MONTGOMERY, AL 1,611,6951.6m $116.1m $116.1m 0.45% Added +244.5k +244,543
61 Diana Davis Spencer Foundation 41.02% of their portfolio BETHESDA, MD 1,608,1001.6m $115.9m $115.9m 41.02% Unchanged
62 MML INVESTORS SERVICES, LLC 0.47% of their portfolio SPRINGFIELD, MA 1,598,4901.6m $115.2m $115.2m 0.47% Added +105.1k +105,079
63 OAKWORTH CAPITAL, INC. 8.27% of their portfolio BIRMINGHAM, AL 1,570,6991.6m $113.2m $113.2m 8.27% Added +17.0k +17,021
64 Capstone Financial Advisors, Inc. 7.27% of their portfolio DOWNERS GROVE, IL 1,528,7311.5m $110.1m $110.1m 7.27% Added +68.5k +68,518
65 Stairway Partners, LLC 8.64% of their portfolio MINNEAPOLIS, MN 1,525,7091.5m $109.9m $109.9m 8.64% Added +57.7k +57,660
66 Cerity Partners LLC 0.30% of their portfolio NEW YORK, NY 1,524,4531.5m $109.8m $109.8m 0.30% Reduced -47.4k -47,390
67 Voya Financial Advisors, Inc. 12.30% of their portfolio WINDSOR, CT 1,503,2441.5m $108.8m $108.8m 12.30% Added +37.8k +37,764
68 Mariner, LLC 0.21% of their portfolio Overland Park, KS 1,502,5391.5m $108.3m $108.3m 0.21% Reduced -95.3k -95,301
69 FFT WEALTH MANAGEMENT LLC 9.27% of their portfolio PHILADELPHIA, PA 1,450,7941.5m $104.5m $104.5m 9.27% Added +32.8k +32,815
70 ASSETMARK, INC 0.32% of their portfolio CONCORD, CA 1,432,4861.4m $103.2m $103.2m 0.32% Added +19.2k +19,236
71 Vestmark Advisory Solutions, Inc. 4.26% of their portfolio Wakefield, MA 1,416,4431.4m $102.1m $102.1m 4.26% Added +234.4k +234,374
72 Verus Financial Partners, Inc. 11.80% of their portfolio RICHMOND, VA 1,408,7801.4m $101.5m $101.5m 11.80% Added +86.4k +86,402
73 AMG National Trust Bank 2.73% of their portfolio GREENWOOD VILLAGE, CO 1,399,8201.4m $100.9m $100.9m 2.73% Added +38.5k +38,499
74 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 7.88% of their portfolio KNOXVILLE, TN 1,398,8551.4m $100.8m $100.8m 7.88% Added +65.9k +65,928
75 Betterment LLC 0.25% of their portfolio NEW YORK, NY 1,345,5071.3m $96.9m $96.9m 0.25% Reduced -45.1k -45,079
76 Efficient Advisors, LLC 6.23% of their portfolio BEAVERTON, OR 1,333,7681.3m $96.1m $96.1m 6.23% Added +59.3k +59,328
77 Chandler Asset Management, Inc. 19.30% of their portfolio SAN DIEGO, CA 1,321,7721.3m $95.2m $95.2m 19.30% Added +49.0k +48,950
78 Apella Capital, LLC 4.27% of their portfolio WEST HARTFORD, CT 1,318,5311.3m $95.4m $95.4m 4.27% Added +160.5k +160,544
79 Martel Wealth Advisors LLC 19.48% of their portfolio VANCOUVER, WA 1,260,2831.3m $90.8m $90.8m 19.48% Added +36.7k +36,732
80 ALPS ADVISORS INC 0.62% of their portfolio Denver, CO 1,253,8121.3m $90.3m $90.3m 0.62% Added +167.7k +167,725
81 RATIONAL ADVISORS, INC. 8.76% of their portfolio San Juan, PR 1,246,0521.2m $89.8m $89.8m 8.76% Reduced -67.7k -67,687
82 Prime Capital Investment Advisors, LLC 1.33% of their portfolio OVERLAND PARK, KS 1,242,1641.2m $89.5m $89.5m 1.33% Added +1.2k +1,213
83 Symmetry Partners, LLC 4.49% of their portfolio GLASTONBURY, CT 1,212,1951.2m $87.3m $87.3m 4.49% Added +851.1k +851,115
84 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.21% of their portfolio PLYMOUTH, MN 1,208,5811.2m $87.1m $87.1m 0.21% Added +636.6k +636,607
85 Wealthfront Advisers LLC 0.29% of their portfolio Palo Alto, CA 1,178,9231.2m $84.9m $84.9m 0.29% Reduced -51.7k -51,657
86 Beacon Pointe Advisors, LLC 0.93% of their portfolio NEWPORT BEACH, CA 1,084,0911.1m $78.1m $78.1m 0.93% Added +6.1k +6,066
87 RITHOLTZ WEALTH MANAGEMENT 2.49% of their portfolio NEW YORK, NY 1,045,2191.0m $75.3m $75.3m 2.49% Added +17.6k +17,558
88 Baker Avenue Asset Management, LP 2.56% of their portfolio SAN FRANCISCO, CA 1,043,3561.0m $75.2m $75.2m 2.56% Added +14.3k +14,284
89 Stratos Wealth Partners, LTD. 1.20% of their portfolio BEACHWOOD, OH 1,037,4521.0m $74.7m $74.7m 1.20% Added +47.0k +47,018
90 Lutz Financial Services LLC 6.51% of their portfolio OMAHA, NE 1,037,4101.0m $74.7m $74.7m 6.51% Added +18.7k +18,669
91 Alaska Wealth Advisors, LLC 11.52% of their portfolio ANCHORAGE, AK 1,030,7271.0m $74.3m $74.3m 11.52% Added +35.1k +35,094
92 Kestra Advisory Services, LLC 0.38% of their portfolio AUSTIN, TX 996,836996.8k $67.4m $67.4m 0.38% Added +727.2k +727,157
93 COMERICA BANK 0.29% of their portfolio DALLAS, TX 972,178972.2k $70.0m $70.0m 0.29% Added +48.3k +48,325
94 GenTrust, LLC 3.78% of their portfolio MIAMI, FL 964,870964.9k $69.5m $69.5m 3.78% Added +219.3k +219,278
95 MA Private Wealth 13.23% of their portfolio SAN CARLOS, CA 928,306928.3k $66.9m $66.9m 13.23% Added +39.0k +38,971
96 Pacific Capital Wealth Advisors, Inc. 12.20% of their portfolio CORONA, CA 927,579927.6k $66.8m $66.8m 12.20% Added +372.1k +372,129
97 Bryn Mawr Trust Advisors, LLC 3.68% of their portfolio PHILADELPHIA, PA 925,502925.5k $66.7m $66.7m 3.68% Added +77.5k +77,522
98 BURRUS FINANCIAL SERVICES, INC. 33.71% of their portfolio SALT LAKE CITY, UT 916,999917.0k $66.1m $66.1m 33.71% Added +6.8k +6,810
99 RAFFA WEALTH MANAGEMENT, LLC 18.53% of their portfolio WASHINGTON, DC 906,301906.3k $65.3m $65.3m 18.53% Added +144 +144
100 Financial Engines Advisors L.L.C. 0.14% of their portfolio SANTA CLARA, CA 890,973891.0k $64.2m $64.2m 0.14% Added +24.9k +24,876