Vault-13

VANGUARD BD INDEX FDS BND

TOTAL BND MRKT · ETP · CUSIP 921937835

1,470 institutional holders +21 vs Q2 2024
1,021,883,5411.0bn shares reported held*
$76.6bnreported value*
98 new 760 added 448 reduced 80 sold out net bought ≈ $4.6bn (+60.8m 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 ($42.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.00. Options: 3 managers hold calls ($28.4m notional), 5 hold puts ($7.8m).

Trends to Q3 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: 1,449Q3 24: 1,4701,470Q3 22Q1 23Q3 23Q1 24Q3 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
Q3 20241,470

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 outQ1 23: 640 bought or addedQ1 23: 566 cut or sold outQ1 23Q2 23: 673 bought or addedQ2 23: 523 cut or sold outQ3 23: 707 bought or addedQ3 23: 530 cut or sold outQ3 23Q4 23: 762 bought or addedQ4 23: 540 cut or sold outQ1 24: 785 bought or addedQ1 24: 614 cut or sold outQ1 24Q2 24: 793 bought or addedQ2 24: 593 cut or sold outQ3 24: 858 bought or addedQ3 24: 528 cut or sold outQ3 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022602553
Q1 2023640566
Q2 2023673523
Q3 2023707530
Q4 2023762540
Q1 2024785614
Q2 2024793593
Q3 2024858528

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ4 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 0.15Q3 24 calls: $28.4mQ3 24 puts: $7.8mQ3 24P/C 0.28
Numbers
QuarterCallsPutsP/C
Q4 2023$3.9m$2.6m0.66
Q1 2024$4.0m$2.1m0.53
Q2 2024$11.1m$1.7m0.15
Q3 2024$28.4m$7.8m0.28

Biggest buyers

MORGAN STANLEY Added +10,812,992+10.8m
JPMORGAN CHASE & CO Added +9,375,100+9.4m
Creative Planning Added +7,248,297+7.2m
VANGUARD GROUP INC Added +6,349,229+6.3m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +5,305,365+5.3m
Axiom Advisory, LLC Added +4,794,485+4.8m
WELLS FARGO & COMPANY/MN Added +3,440,938+3.4m
FRANKLIN RESOURCES INC Added +3,322,588+3.3m
STATE STREET CORP Added +1,863,233+1.9m
BANK OF AMERICA CORP /DE/ Added +1,367,281+1.4m

Biggest sellers

SEI INVESTMENTS CO Reduced -3,722,417-3.7m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -3,242,668-3.2m
Strategic Financial Concepts, LLC Reduced -2,106,506-2.1m
TRUIST FINANCIAL CORP Reduced -1,564,569-1.6m
Focus Partners Wealth Reduced -1,226,439-1.2m
Symmetry Partners, LLC Reduced -931,900-931.9k
GOLDMAN SACHS GROUP INC Reduced -677,300-677.3k
Bank of New York Mellon Corp Reduced -544,575-544.6k
CITADEL ADVISORS LLC Reduced -449,391-449.4k
Retirement Planning Group, LLC Reduced -425,036-425.0k

Biggest calls

WOLVERINE TRADING, LLC Added $15.1m200.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $13.3m176.8k shares
CITADEL ADVISORS LLC Reduced $60.1k800 shares

Biggest puts

OAK HILL WEALTH ADVISORS, LLC New $5.5m72.8k shares
CITADEL ADVISORS LLC Added $1.1m15.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $953.9k12.7k shares
SIMPLEX TRADING, LLC Added $292.0k3.9k 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, Q3 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.54% of their portfolio NEW YORK, NY 178,074,478178.1m $13.4bn $13.4bn 0.54% Added +9.4m +9,375,100
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 7.40% of their portfolio MILWAUKEE, WI 110,965,549111.0m $8.3bn $8.3bn 7.40% Added +5.3m +5,305,365
3 MORGAN STANLEY 0.55% of their portfolio NEW YORK, NY 100,177,277100.2m $7.5bn $7.5bn 0.55% Added +10.8m +10,812,992
4 Creative Planning 6.82% of their portfolio OVERLAND PARK, KS 91,686,45191.7m $6.9bn $6.9bn 6.82% Added +7.2m +7,248,297
5 VANGUARD GROUP INC 0.07% of their portfolio Valley Forge, PA 49,731,18149.7m $3.7bn $3.7bn 0.07% Added +6.3m +6,349,229
6 Axiom Advisory, LLC 19.30% of their portfolio SAN DIEGO, CA 27,905,69627.9m $2.1bn $2.1bn 19.30% Added +4.8m +4,794,485
7 WELLS FARGO & COMPANY/MN 0.40% of their portfolio SAN FRANCISCO, CA 22,241,68922.2m $1.7bn $1.7bn 0.40% Added +3.4m +3,440,938
8 ENVESTNET ASSET MANAGEMENT INC 0.46% of their portfolio Berwyn, PA 18,991,52419.0m $1.4bn $1.4bn 0.46% Added +47.6k +47,565
9 BANK OF AMERICA CORP /DE/ 0.12% of their portfolio CHARLOTTE, NC 18,937,83818.9m $1.4bn $1.4bn 0.12% Added +1.4m +1,367,281
10 Allworth Financial LP 8.08% of their portfolio FOLSOM, CA 17,657,40517.7m $1.3bn $1.3bn 8.08% Added +417.6k +417,578
11 LPL Financial LLC 0.49% of their portfolio FORT MILL, SC 14,487,89914.5m $1.1bn $1.1bn 0.49% Added +518.1k +518,083
12 GOLDMAN SACHS GROUP INC 0.20% of their portfolio NEW YORK, NY 13,898,14513.9m $1.0bn $1.0bn 0.20% Reduced -677.3k -677,300
13 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.73% of their portfolio Toronto, A6 11,045,12711.0m $829.6m $829.6m 0.73% Added +548.6k +548,650
14 TEXAS TREASURY SAFEKEEPING TRUST CO 29.28% of their portfolio AUSTIN, TX 10,981,61311.0m $824.8m $824.8m 29.28% Unchanged
15 BlackRock, Inc. 0.02% of their portfolio New York, NY 10,581,80310.6m $794.8m $794.8m 0.02% First filing
16 Morningstar Investment Services LLC 7.49% of their portfolio CHICAGO, IL 9,750,5929.8m $734.0m $734.0m 7.49% Added +390.9k +390,860
17 SEI INVESTMENTS CO 0.87% of their portfolio OAKS, PA 8,952,7119.0m $672.4m $672.4m 0.87% Reduced -3.7m -3,722,417
18 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 6,979,0197.0m $523.5m $523.5m 0.13% Added +50.1k +50,091
19 Arizona PSPRS Trust 19.76% of their portfolio PHOENIX, AZ 6,623,3916.6m $497.5m $497.5m 19.76% Added +59.8k +59,774
20 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 6,219,7896.2m $467.2m $467.2m 0.09% Reduced -544.6k -544,575
21 CBIZ Investment Advisory Services, LLC 20.14% of their portfolio INDEPENDENCE, OH 5,164,7925.2m $387.9m $387.9m 20.14% Added +198.9k +198,876
22 Cetera Investment Advisers 0.83% of their portfolio SCHAUMBURG, IL 5,078,3345.1m $381.4m $381.4m 0.83% Added +162.7k +162,710
23 Pure Financial Advisors, LLC 8.86% of their portfolio SAN DIEGO, CA 4,913,0524.9m $369.0m $369.0m 8.86% Added +704.8k +704,795
24 UBS Group AG 0.10% of their portfolio ZURICH, V8 4,640,4574.6m $348.5m $348.5m 0.10% Added +38.7k +38,654
25 Facet Wealth, Inc. 9.50% of their portfolio WEST PALM BEACH, FL 4,602,0964.6m $333.8m $333.8m 9.50% Reduced -421.6k -421,644
26 Orgel Wealth Management, LLC 7.98% of their portfolio ALTOONA, WI 4,243,0794.2m $318.7m $318.7m 7.98% Added +88.6k +88,599
27 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 4,229,1254.2m $317.6m $317.6m 0.07% Added +327.1k +327,097
28 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,008,2844.0m $301.1m $301.1m 0.01% Added +1.9m +1,863,233
29 Savant Capital, LLC 2.46% of their portfolio ROCKFORD, IL 3,943,1463.9m $296.2m $296.2m 2.46% Added +888.4k +888,445
30 Raymond James Financial Services Advisors, Inc. 0.36% of their portfolio ST. PETERSBURG, FL 3,587,6293.6m $269.5m $269.5m 0.36% Added +340.7k +340,654
31 HighTower Advisors, LLC 0.37% of their portfolio CHICAGO, IL 3,487,3183.5m $261.9m $261.9m 0.37% Added +108.2k +108,174
32 FRANKLIN RESOURCES INC 0.07% of their portfolio San Mateo, CA 3,430,3903.4m $253.1m $253.1m 0.07% Added +3.3m +3,322,588
33 PNC Financial Services Group, Inc. 0.16% of their portfolio Pittsburgh, PA 3,408,7423.4m $256.0m $256.0m 0.16% Added +21.8k +21,844
34 Corient Private Wealth LP 0.38% of their portfolio MIAMI, FL 3,346,2323.3m $242.8m $242.8m 0.38% Added +533.5k +533,532
35 Global Endowment Management, LP 23.68% of their portfolio CHARLOTTE, NC 3,121,4113.1m $234.4m $234.4m 23.68% Reduced -5.4k -5,409
36 OSAIC HOLDINGS, INC. 0.52% of their portfolio SCOTTSDALE, AZ 3,060,1373.1m $229.9m $229.9m 0.52% Added +159.1k +159,093
37 M&T Bank Corp 0.75% of their portfolio BUFFALO, NY 3,040,2473.0m $228.4m $228.4m 0.75% Added +23.9k +23,927
38 Cambridge Investment Research Advisors, Inc. 0.77% of their portfolio FAIRFIELD, IA 3,024,9713.0m $227.2m $227.2m 0.77% Added +344.0k +344,035
39 JONES FINANCIAL COMPANIES LLLP 0.22% of their portfolio DES PERES, MO 2,860,2152.9m $215.3m $215.3m 0.22% Added +234.2k +234,163
40 Composition Wealth, LLC 4.81% of their portfolio LOS ANGELES, CA 2,768,7912.8m $208.0m $208.0m 4.81% Added +322.7k +322,663
41 MISSION WEALTH MANAGEMENT, LP 5.09% of their portfolio Santa Barbara, CA 2,741,7702.7m $205.9m $205.9m 5.09% Added +208.0k +207,959
42 RFG Advisory, LLC 6.20% of their portfolio BIRMINGHAM, AL 2,710,2732.7m $203.6m $203.6m 6.20% Added +145.5k +145,479
43 RAYMOND JAMES & ASSOCIATES 0.12% of their portfolio ST PETERSBURG, FL 2,582,0732.6m $193.9m $193.9m 0.12% Added +357.9k +357,909
44 First Financial Bankshares Inc 3.70% of their portfolio Abilene, TX 2,338,2952.3m $175.6m $175.6m 3.70% Added +85.1k +85,113
45 RiverFront Investment Group, LLC 4.04% of their portfolio RICHMOND, VA 2,288,3902.3m $171.9m $171.9m 4.04% Added +36.8k +36,829
46 Envestnet Portfolio Solutions, Inc. 0.55% of their portfolio BERWYN, PA 2,246,6842.2m $168.7m $168.7m 0.55% Reduced -20.7k -20,651
47 TIAA TRUST, NATIONAL ASSOCIATION 0.49% of their portfolio CHARLOTTE, NC 2,167,2942.2m $162.8m $162.8m 0.49% Reduced -131.9k -131,925
48 ARMSTRONG ADVISORY GROUP, INC 13.16% of their portfolio NEEDHAM, MA 2,115,7262.1m $158.9m $158.9m 13.16% Added +228.4k +228,367
49 Acropolis Investment Management, LLC 8.93% of their portfolio ST. LOUIS, MO 2,002,9492.0m $150.4m $150.4m 8.93% Added +103.9k +103,934
50 PRUDENTIAL FINANCIAL INC 0.21% of their portfolio NEWARK, NJ 1,959,5532.0m $147.2m $147.2m 0.21% Added +244.6k +244,572
51 Foster Group, Inc. 5.44% of their portfolio WEST DES MOINES, IA 1,939,4701.9m $145.7m $145.7m 5.44% Added +33.2k +33,184
52 COMMONWEALTH EQUITY SERVICES, LLC 0.22% of their portfolio WALTHAM, MA 1,918,1681.9m $144.1m $144.1m 0.22% Added +258.9k +258,908
53 Retirement Systems of Alabama 0.53% of their portfolio MONTGOMERY, AL 1,868,7181.9m $140.4m $140.4m 0.53% Added +257.0k +257,023
54 Alaska Permanent Capital Management, LLC 11.04% of their portfolio ANCHORAGE, AK 1,859,3171.9m $139.6m $139.6m 11.04% Reduced -779 -779
55 Stairway Partners, LLC 8.83% of their portfolio MINNEAPOLIS, MN 1,834,9861.8m $137.8m $137.8m 8.83% Added +309.3k +309,277
56 MCMORGAN & CO LLC 20.71% of their portfolio SAN FRANCISCO, CA 1,790,1831.8m $134.5m $134.5m 20.71% Reduced -22.2k -22,224
57 Cerity Partners LLC 0.29% of their portfolio NEW YORK, NY 1,745,5991.7m $131.1m $131.1m 0.29% Added +221.1k +221,146
58 Alesco Advisors, LLC, An ESL Co 3.95% of their portfolio Pittsford, NY 1,703,2301.7m $127.9m $127.9m 3.95% Added +40.2k +40,237
59 OAKWORTH CAPITAL, INC. 8.68% of their portfolio BIRMINGHAM, AL 1,666,6711.7m $125.2m $125.2m 8.68% Added +96.0k +95,972
60 Vestmark Advisory Solutions, Inc. 4.63% of their portfolio Wakefield, MA 1,656,9681.7m $124.5m $124.5m 4.63% Added +240.5k +240,525
61 MML INVESTORS SERVICES, LLC 0.44% of their portfolio SPRINGFIELD, MA 1,622,4031.6m $121.9m $121.9m 0.44% Added +23.9k +23,913
62 Diana Davis Spencer Foundation 40.78% of their portfolio BETHESDA, MD 1,608,1001.6m $120.8m $120.8m 40.78% Unchanged
63 Capstone Financial Advisors, Inc. 7.41% of their portfolio DOWNERS GROVE, IL 1,604,2151.6m $120.5m $120.5m 7.41% Added +75.5k +75,484
64 Betterment LLC 0.29% of their portfolio NEW YORK, NY 1,592,6781.6m $119.6m $119.6m 0.29% Added +247.2k +247,171
65 Voya Financial Advisors, Inc. 12.44% of their portfolio WINDSOR, CT 1,531,7321.5m $115.3m $115.3m 12.44% Added +28.5k +28,488
66 Verus Financial Partners, Inc. 12.21% of their portfolio RICHMOND, VA 1,483,6311.5m $111.4m $111.4m 12.21% Added +74.9k +74,851
67 Mariner, LLC 0.20% of their portfolio Overland Park, KS 1,480,1811.5m $111.2m $111.2m 0.20% Reduced -22.4k -22,358
68 Apella Capital, LLC 4.54% of their portfolio WEST HARTFORD, CT 1,471,9001.5m $110.3m $110.3m 4.54% Added +153.4k +153,369
69 FFT WEALTH MANAGEMENT LLC 8.37% of their portfolio PHILADELPHIA, PA 1,468,6751.5m $110.3m $110.3m 8.37% Added +17.9k +17,881
70 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 7.97% of their portfolio KNOXVILLE, TN 1,444,7511.4m $108.5m $108.5m 7.97% Added +45.9k +45,896
71 ASSETMARK, INC 0.31% of their portfolio CONCORD, CA 1,438,6281.4m $108.1m $108.1m 0.31% Added +6.1k +6,142
72 Bogart Wealth, LLC 5.03% of their portfolio MCLEAN, VA 1,413,5391.4m $106.2m $106.2m 5.03% Reduced -320.7k -320,651
73 AMG National Trust Bank 2.77% of their portfolio GREENWOOD VILLAGE, CO 1,361,9081.4m $102.3m $102.3m 2.77% Reduced -37.9k -37,912
74 Chandler Asset Management, Inc. 19.12% of their portfolio SAN DIEGO, CA 1,348,9221.3m $101.3m $101.3m 19.12% Added +27.1k +27,150
75 Efficient Advisors, LLC 6.22% of their portfolio BEAVERTON, OR 1,321,0741.3m $99.2m $99.2m 6.22% Reduced -12.7k -12,694
76 Martel Wealth Advisors LLC 19.69% of their portfolio VANCOUVER, WA 1,298,3391.3m $96.3m $96.3m 19.69% Added +38.1k +38,056
77 Prime Capital Investment Advisors, LLC 1.38% of their portfolio OVERLAND PARK, KS 1,290,4361.3m $96.9m $96.9m 1.38% Added +48.3k +48,272
78 Wealthfront Advisers LLC 0.29% of their portfolio Palo Alto, CA 1,264,9441.3m $95.0m $95.0m 0.29% Added +86.0k +86,021
79 ALPS ADVISORS INC 0.61% of their portfolio Denver, CO 1,222,2421.2m $91.8m $91.8m 0.61% Reduced -31.6k -31,570
80 RATIONAL ADVISORS, INC. 8.71% of their portfolio San Juan, PR 1,205,6951.2m $90.6m $90.6m 8.71% Reduced -40.4k -40,357
81 GenTrust, LLC 4.35% of their portfolio MIAMI, FL 1,184,6721.2m $89.0m $89.0m 4.35% Added +219.8k +219,802
82 Beacon Pointe Advisors, LLC 1.01% of their portfolio NEWPORT BEACH, CA 1,169,4791.2m $87.8m $87.8m 1.01% Added +85.4k +85,388
83 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio ORLANDO, FL 1,154,7751.2m $15.4k $15.4k 0.04% Added +1.1m +1,135,284
84 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.18% of their portfolio PLYMOUTH, MN 1,133,8601.1m $85.2m $85.2m 0.18% Reduced -74.7k -74,721
85 RITHOLTZ WEALTH MANAGEMENT 2.50% of their portfolio NEW YORK, NY 1,106,2251.1m $83.1m $83.1m 2.50% Added +61.0k +61,006
86 Lutz Financial Services LLC 6.59% of their portfolio OMAHA, NE 1,081,4171.1m $81.2m $81.2m 6.59% Added +44.0k +44,007
87 Baker Avenue Asset Management, LP 2.56% of their portfolio SAN FRANCISCO, CA 1,075,3631.1m $80.8m $80.8m 2.56% Added +32.0k +32,007
88 Stratos Wealth Partners, LTD. 1.16% of their portfolio BEACHWOOD, OH 1,073,5741.1m $80.6m $80.6m 1.16% Added +36.1k +36,122
89 BNP PARIBAS FINANCIAL MARKETS 0.08% of their portfolio PARIS, I0 1,067,6571.1m $80.2m $80.2m 0.08% Added +902.1k +902,147
90 Kestra Advisory Services, LLC 0.43% of their portfolio AUSTIN, TX 1,048,7691.0m $78.8m $78.8m 0.43% Added +51.9k +51,933
91 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 1,036,2381.0m $77.8m $77.8m 0.12% Reduced -1.6m -1,564,569
92 TOEWS CORP /ADV 10.23% of their portfolio NORTHFIELD, NJ 1,015,7741.0m $76.3m $76.3m 10.23% Added +946.5k +946,500
93 COMERICA BANK 0.30% of their portfolio DALLAS, TX 1,015,4111.0m $76.3m $76.3m 0.30% Added +43.2k +43,233
94 Alaska Wealth Advisors, LLC 11.29% of their portfolio ANCHORAGE, AK 1,001,3781.0m $75.2m $75.2m 11.29% Reduced -29.3k -29,349
95 BURRUS FINANCIAL SERVICES, INC. 36.61% of their portfolio SALT LAKE CITY, UT 983,753983.8k $73.9m $73.9m 36.61% Added +66.8k +66,754
96 Bryn Mawr Trust Advisors, LLC 3.95% of their portfolio PHILADELPHIA, PA 973,391973.4k $73.1m $73.1m 3.95% Added +47.9k +47,889
97 SOFI WEALTH, LLC 5.07% of their portfolio SAN FRANCISCO, CA 917,388917.4k $68.9m $68.9m 5.07% Added +101.6k +101,581
98 Pacific Capital Wealth Advisors, Inc. 11.57% of their portfolio CORONA, CA 916,985917.0k $68.9m $68.9m 11.57% Reduced -10.6k -10,594
99 RAFFA WEALTH MANAGEMENT, LLC 16.54% of their portfolio WASHINGTON, DC 912,499912.5k $68.5m $68.5m 16.54% Added +6.2k +6,198
100 MA Private Wealth 12.75% of their portfolio SAN CARLOS, CA 908,057908.1k $68.2m $68.2m 12.75% Reduced -20.2k -20,249