Vault-13

VANGUARD BD INDEX FDS BND

TOTAL BND MRKT · ETP · CUSIP 921937835

1,617 institutional holders +147 vs Q3 2024
1,045,487,5701.0bn shares reported held*
$74.0bnreported value*
101 new 804 added 427 reduced 93 sold out net bought ≈ $1.9bn (+25.7m 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 ($49.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.81. Options: 3 managers hold calls ($5.2m notional), 4 hold puts ($759.9k).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 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: 1,470Q4 24: 1,6171,617Q3 22Q1 23Q3 23Q1 24Q3 24Q4 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
Q4 20241,617

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ1 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 24Q3 24: 858 bought or addedQ3 24: 528 cut or sold outQ4 24: 905 bought or addedQ4 24: 520 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023640566
Q2 2023673523
Q3 2023707530
Q4 2023762540
Q1 2024785614
Q2 2024793593
Q3 2024858528
Q4 2024905520

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ1 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 0.28Q4 24 calls: $5.2mQ4 24 puts: $759.9kQ4 24P/C 0.15
Numbers
QuarterCallsPutsP/C
Q1 2024$4.0m$2.1m0.53
Q2 2024$11.1m$1.7m0.15
Q3 2024$28.4m$7.8m0.28
Q4 2024$5.2m$759.9k0.15

Biggest buyers

Essential Planning, LLC. Added +45,154,186+45.2m
MORGAN STANLEY Added +18,442,346+18.4m
Creative Planning Added +8,881,377+8.9m
VANGUARD GROUP INC Added +8,312,317+8.3m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +5,962,724+6.0m
STATE STREET CORP Added +3,673,878+3.7m
BANK OF AMERICA CORP /DE/ Added +3,401,728+3.4m
Arizona PSPRS Trust Added +2,810,579+2.8m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +1,746,174+1.7m
Allworth Financial LP Added +1,664,458+1.7m

Biggest sellers

JPMORGAN CHASE & CO Reduced -78,980,089-79.0m
Morningstar Investment Services LLC Reduced -7,958,683-8.0m
BlackRock, Inc. Reduced -2,392,595-2.4m
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC Reduced -1,141,914-1.1m
Martel Wealth Advisors LLC Reduced -1,059,179-1.1m
TOEWS CORP /ADV Sold out -1,015,774-1.0m
Orgel Wealth Management, LLC Reduced -993,546-993.5k
BNP PARIBAS FINANCIAL MARKETS Reduced -941,314-941.3k
Global Endowment Management, LP Reduced -786,860-786.9k
AMERIPRISE FINANCIAL INC Reduced -710,925-710.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.9m53.6k shares
JANE STREET GROUP, LLC New $1.1m14.8k shares
CITADEL ADVISORS LLC Added $316.4k4.4k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $388.3k5.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $323.6k4.5k shares
SIMPLEX TRADING, LLC Reduced $48.0k700 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, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.60% of their portfolio NEW YORK, NY 118,619,623118.6m $8.5bn $8.5bn 0.60% Added +18.4m +18,442,346
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 7.09% of their portfolio MILWAUKEE, WI 116,928,273116.9m $8.4bn $8.4bn 7.09% Added +6.0m +5,962,724
3 Creative Planning 7.03% of their portfolio OVERLAND PARK, KS 100,567,828100.6m $7.2bn $7.2bn 7.03% Added +8.9m +8,881,377
4 JPMORGAN CHASE & CO 0.56% of their portfolio NEW YORK, NY 99,094,38999.1m $7.1bn $7.1bn 0.56% Reduced -79.0m -78,980,089
5 VANGUARD GROUP INC 0.07% of their portfolio Valley Forge, PA 58,043,49858.0m $4.2bn $4.2bn 0.07% Added +8.3m +8,312,317
6 Essential Planning, LLC. 21.84% of their portfolio PORTSMOUTH, NH 45,844,51245.8m $3.4bn $3.4bn 21.84% Added +45.2m +45,154,186
7 WELLS FARGO & COMPANY/MN 0.41% of their portfolio SAN FRANCISCO, CA 23,618,39123.6m $1.7bn $1.7bn 0.41% Added +1.4m +1,376,702
8 BANK OF AMERICA CORP /DE/ 0.15% of their portfolio CHARLOTTE, NC 22,339,56622.3m $1.6bn $1.6bn 0.15% Added +3.4m +3,401,728
9 ENVESTNET ASSET MANAGEMENT INC 0.47% of their portfolio Berwyn, PA 20,355,43820.4m $1.5bn $1.5bn 0.47% Added +1.4m +1,363,914
10 Allworth Financial LP 7.66% of their portfolio FOLSOM, CA 19,321,86319.3m $1.4bn $1.4bn 7.66% Added +1.7m +1,664,458
11 SAGESPRING WEALTH PARTNERS, LLC 0.48% of their portfolio FRANKLIN, TN 17,163,75717.2m $18.1m $18.1m 0.48% First filing
12 LPL Financial LLC 0.45% of their portfolio FORT MILL, SC 15,291,57015.3m $1.1bn $1.1bn 0.45% Added +803.7k +803,671
13 GOLDMAN SACHS GROUP INC 0.20% of their portfolio NEW YORK, NY 14,779,27214.8m $1.1bn $1.1bn 0.20% Added +881.1k +881,127
14 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.80% of their portfolio Toronto, A6 12,791,30112.8m $919.8m $919.8m 0.80% Added +1.7m +1,746,174
15 TEXAS TREASURY SAFEKEEPING TRUST CO 28.52% of their portfolio AUSTIN, TX 11,901,58311.9m $855.8m $855.8m 28.52% Added +920.0k +919,970
16 SEI INVESTMENTS CO 0.92% of their portfolio OAKS, PA 9,979,12310.0m $717.6m $717.6m 0.92% Added +1.0m +1,026,412
17 Arizona PSPRS Trust 21.87% of their portfolio PHOENIX, AZ 9,433,9709.4m $678.4m $678.4m 21.87% Added +2.8m +2,810,579
18 BlackRock, Inc. 0.01% of their portfolio New York, NY 8,189,2088.2m $588.9m $588.9m 0.01% Reduced -2.4m -2,392,595
19 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 7,682,1627.7m $552.4m $552.4m 0.02% Added +3.7m +3,673,878
20 CBIZ Investment Advisory Services, LLC 22.50% of their portfolio INDEPENDENCE, OH 6,269,5206.3m $450.8m $450.8m 22.50% Added +1.1m +1,104,728
21 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 6,268,0946.3m $450.7m $450.7m 0.12% Reduced -710.9k -710,925
22 RAYMOND JAMES FINANCIAL INC 0.16% of their portfolio ST. PETERSBURG, FL 6,109,5896.1m $439.3m $439.3m 0.16% First filing
23 Bank of New York Mellon Corp 0.08% of their portfolio NEW YORK, NY 5,922,0905.9m $425.9m $425.9m 0.08% Reduced -297.7k -297,699
24 Pure Financial Advisors, LLC 9.28% of their portfolio SAN DIEGO, CA 5,678,9985.7m $408.4m $408.4m 9.28% Added +765.9k +765,946
25 Cetera Investment Advisers 0.82% of their portfolio SCHAUMBURG, IL 5,479,0525.5m $394.0m $394.0m 0.82% Added +400.7k +400,718
26 UBS Group AG 0.08% of their portfolio ZURICH, V8 4,844,7314.8m $348.4m $348.4m 0.08% Added +204.3k +204,274
27 Facet Wealth, Inc. 9.29% of their portfolio WEST PALM BEACH, FL 4,842,6174.8m $350.3m $350.3m 9.29% Added +240.5k +240,521
28 Savant Capital, LLC 2.59% of their portfolio ROCKFORD, IL 4,577,8604.6m $329.2m $329.2m 2.59% Added +634.7k +634,714
29 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 4,430,7234.4m $318.6m $318.6m 0.07% Added +201.6k +201,598
30 OSAIC HOLDINGS, INC. 0.51% of their portfolio SCOTTSDALE, AZ 3,808,6653.8m $226.5m $226.5m 0.51% Added +748.5k +748,528
31 Corient Private Wealth LP 0.45% of their portfolio MIAMI, FL 3,747,2853.7m $269.5m $269.5m 0.45% Added +401.1k +401,053
32 HighTower Advisors, LLC 0.36% of their portfolio CHICAGO, IL 3,635,1563.6m $261.4m $261.4m 0.36% Added +147.8k +147,838
33 PNC Financial Services Group, Inc. 0.17% of their portfolio Pittsburgh, PA 3,518,4763.5m $253.0m $253.0m 0.17% Added +109.7k +109,734
34 FRANKLIN RESOURCES INC 0.07% of their portfolio San Mateo, CA 3,346,7253.3m $240.7m $240.7m 0.07% Reduced -83.7k -83,665
35 Orgel Wealth Management, LLC 6.10% of their portfolio ALTOONA, WI 3,249,5333.2m $233.7m $233.7m 6.10% Reduced -993.5k -993,546
36 M&T Bank Corp 0.78% of their portfolio BUFFALO, NY 3,216,0783.2m $231.3m $231.3m 0.78% Added +175.8k +175,831
37 JONES FINANCIAL COMPANIES LLLP 0.22% of their portfolio DES PERES, MO 3,189,8323.2m $229.4m $229.4m 0.22% Added +329.6k +329,617
38 MISSION WEALTH MANAGEMENT, LP 5.27% of their portfolio Santa Barbara, CA 3,079,9583.1m $221.5m $221.5m 5.27% Added +338.2k +338,188
39 Cambridge Investment Research Advisors, Inc. 0.71% of their portfolio FAIRFIELD, IA 2,944,3472.9m $211.7m $211.7m 0.71% Reduced -80.6k -80,624
40 Composition Wealth, LLC 4.20% of their portfolio LOS ANGELES, CA 2,882,0332.9m $207.2m $207.2m 4.20% Added +113.2k +113,242
41 RFG Advisory, LLC 5.83% of their portfolio BIRMINGHAM, AL 2,864,8392.9m $206.0m $206.0m 5.83% Added +154.6k +154,566
42 PRUDENTIAL FINANCIAL INC 0.26% of their portfolio NEWARK, NJ 2,617,1852.6m $189.7m $189.7m 0.26% Added +657.6k +657,632
43 Retirement Systems of Alabama 0.65% of their portfolio MONTGOMERY, AL 2,446,5962.4m $175.9m $175.9m 0.65% Added +577.9k +577,878
44 First Financial Bankshares Inc 3.73% of their portfolio Abilene, TX 2,396,4472.4m $172.3m $172.3m 3.73% Added +58.2k +58,152
45 TIAA TRUST, NATIONAL ASSOCIATION 0.51% of their portfolio CHARLOTTE, NC 2,343,2662.3m $168.5m $168.5m 0.51% Added +176.0k +175,972
46 Global Endowment Management, LP 21.47% of their portfolio CHARLOTTE, NC 2,334,5512.3m $167.9m $167.9m 21.47% Reduced -786.9k -786,860
47 ASSETMARK, INC 0.45% of their portfolio CONCORD, CA 2,309,8412.3m $166.1m $166.1m 0.45% Added +871.2k +871,213
48 RiverFront Investment Group, LLC 3.73% of their portfolio RICHMOND, VA 2,281,8752.3m $164.1m $164.1m 3.73% Reduced -6.5k -6,515
49 Envestnet Portfolio Solutions, Inc. 0.53% of their portfolio BERWYN, PA 2,262,5442.3m $162.7m $162.7m 0.53% Added +15.9k +15,860
50 TRUIST FINANCIAL CORP 0.25% of their portfolio CHARLOTTE, NC 2,230,9342.2m $160.4m $160.4m 0.25% Added +1.2m +1,194,696
51 Acropolis Investment Management, LLC 8.81% of their portfolio ST. LOUIS, MO 2,075,2242.1m $149.2m $149.2m 8.81% Added +72.3k +72,275
52 Foster Group, Inc. 5.52% of their portfolio WEST DES MOINES, IA 2,012,3312.0m $144.7m $144.7m 5.52% Added +72.9k +72,861
53 COMMONWEALTH EQUITY SERVICES, LLC 0.21% of their portfolio WALTHAM, MA 2,000,4822.0m $143.9m $143.9m 0.21% Added +82.3k +82,314
54 Stairway Partners, LLC 8.97% of their portfolio MINNEAPOLIS, MN 1,980,4752.0m $142.4m $142.4m 8.97% Added +145.5k +145,489
55 Focus Partners Wealth 0.18% of their portfolio ST LOUIS, MO 1,945,1251.9m $140.8m $140.8m 0.18% Added +1.6m +1,551,024
56 Vestmark Advisory Solutions, Inc. 4.78% of their portfolio Wakefield, MA 1,931,5301.9m $138.9m $138.9m 4.78% Added +274.6k +274,562
57 Alaska Permanent Capital Management, LLC 10.89% of their portfolio ANCHORAGE, AK 1,842,7201.8m $132.5m $132.5m 10.89% Reduced -16.6k -16,597
58 MCMORGAN & CO LLC 20.41% of their portfolio SAN FRANCISCO, CA 1,834,8311.8m $131.9m $131.9m 20.41% Added +44.6k +44,648
59 Alesco Advisors, LLC, An ESL Co 4.08% of their portfolio Pittsford, NY 1,804,4511.8m $129.8m $129.8m 4.08% Added +101.2k +101,221
60 Morningstar Investment Services LLC 11.71% of their portfolio CHICAGO, IL 1,791,9091.8m $128.9m $128.9m 11.71% Reduced -8.0m -7,958,683
61 ARMSTRONG ADVISORY GROUP, INC 10.26% of their portfolio NEEDHAM, MA 1,787,1641.8m $128.5m $128.5m 10.26% Reduced -328.6k -328,562
62 Cerity Partners LLC 0.27% of their portfolio NEW YORK, NY 1,759,3441.8m $126.5m $126.5m 0.27% Added +13.7k +13,745
63 OAKWORTH CAPITAL, INC. 8.62% of their portfolio BIRMINGHAM, AL 1,742,8501.7m $125.3m $125.3m 8.62% Added +76.2k +76,179
64 MML INVESTORS SERVICES, LLC 0.42% of their portfolio SPRINGFIELD, MA 1,705,9191.7m $122.7m $122.7m 0.42% Added +83.5k +83,516
65 Betterment LLC 0.29% of their portfolio NEW YORK, NY 1,679,2161.7m $120.8m $120.8m 0.29% Added +86.5k +86,538
66 Capstone Financial Advisors, Inc. 7.37% of their portfolio DOWNERS GROVE, IL 1,659,4321.7m $119.3m $119.3m 7.37% Added +55.2k +55,217
67 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.23% of their portfolio PLYMOUTH, MN 1,656,1831.7m $119.1m $119.1m 0.23% Added +522.3k +522,323
68 Voya Financial Advisors, Inc. 12.91% of their portfolio WINDSOR, CT 1,647,5581.6m $118.7m $118.7m 12.91% Added +115.8k +115,826
69 Diana Davis Spencer Foundation 40.80% of their portfolio BETHESDA, MD 1,608,1001.6m $115.6m $115.6m 40.80% Unchanged
70 Mariner, LLC 0.19% of their portfolio Overland Park, KS 1,543,2711.5m $111.0m $111.0m 0.19% Added +63.1k +63,090
71 Apella Capital, LLC 4.19% of their portfolio WEST HARTFORD, CT 1,518,8251.5m $109.2m $109.2m 4.19% Added +46.9k +46,925
72 Verus Financial Partners, Inc. 12.13% of their portfolio RICHMOND, VA 1,517,0001.5m $108.1m $108.1m 12.13% Added +33.4k +33,369
73 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 8.15% of their portfolio KNOXVILLE, TN 1,514,7131.5m $108.9m $108.9m 8.15% Added +70.0k +69,962
74 Chandler Asset Management, Inc. 20.56% of their portfolio SAN DIEGO, CA 1,495,8221.5m $107.6m $107.6m 20.56% Added +146.9k +146,900
75 Bogart Wealth, LLC 4.97% of their portfolio MCLEAN, VA 1,457,2771.5m $104.8m $104.8m 4.97% Added +43.7k +43,738
76 Efficient Advisors, LLC 6.44% of their portfolio BEAVERTON, OR 1,390,3501.4m $100.0m $100.0m 6.44% Added +69.3k +69,276
77 FFT WEALTH MANAGEMENT LLC 7.45% of their portfolio PHILADELPHIA, PA 1,375,0051.4m $98.9m $98.9m 7.45% Reduced -93.7k -93,670
78 AMG National Trust Bank 2.72% of their portfolio GREENWOOD VILLAGE, CO 1,369,9001.4m $98.7m $98.7m 2.72% Added +8.0k +7,992
79 Prime Capital Investment Advisors, LLC 1.38% of their portfolio OVERLAND PARK, KS 1,320,9081.3m $95.0m $95.0m 1.38% Added +30.5k +30,472
80 GenTrust, LLC 4.04% of their portfolio MIAMI, FL 1,291,6871.3m $92.9m $92.9m 4.04% Added +107.0k +107,015
81 ALPS ADVISORS INC 0.58% of their portfolio Denver, CO 1,268,0491.3m $91.2m $91.2m 0.58% Added +45.8k +45,807
82 Beacon Pointe Advisors, LLC 1.00% of their portfolio NEWPORT BEACH, CA 1,248,0141.2m $89.7m $89.7m 1.00% Added +78.5k +78,535
83 Stratos Wealth Partners, LTD. 1.21% of their portfolio BEACHWOOD, OH 1,187,3701.2m $85.4m $85.4m 1.21% Added +113.8k +113,796
84 RATIONAL ADVISORS, INC. 8.30% of their portfolio San Juan, PR 1,180,4581.2m $84.9m $84.9m 8.30% Reduced -25.2k -25,237
85 COMERICA BANK 0.34% of their portfolio DALLAS, TX 1,160,3511.2m $83.4m $83.4m 0.34% Added +144.9k +144,940
86 RITHOLTZ WEALTH MANAGEMENT 2.43% of their portfolio NEW YORK, NY 1,151,0781.2m $82.8m $82.8m 2.43% Added +44.9k +44,853
87 Kestra Advisory Services, LLC 0.44% of their portfolio AUSTIN, TX 1,126,1381.1m $81.0m $81.0m 0.44% Added +77.4k +77,369
88 Baker Avenue Asset Management, LP 2.48% of their portfolio SAN FRANCISCO, CA 1,124,7941.1m $80.9m $80.9m 2.48% Added +49.4k +49,431
89 Bryn Mawr Trust Advisors, LLC 4.35% of their portfolio PHILADELPHIA, PA 1,122,3001.1m $80.7m $80.7m 4.35% Added +148.9k +148,909
90 Lutz Financial Services LLC 6.51% of their portfolio OMAHA, NE 1,120,0881.1m $80.5m $80.5m 6.51% Added +38.7k +38,671
91 Pathstone Holdings, LLC 0.33% of their portfolio ENGLEWOOD, NJ 1,038,6001.0m $74.7m $74.7m 0.33% Added +856.8k +856,778
92 Alaska Wealth Advisors, LLC 11.49% of their portfolio ANCHORAGE, AK 1,027,1421.0m $73.9m $73.9m 11.49% Added +25.8k +25,764
93 SOFI WEALTH, LLC 5.01% of their portfolio SAN FRANCISCO, CA 1,017,0141.0m $73.1m $73.1m 5.01% Added +99.6k +99,626
94 BURRUS FINANCIAL SERVICES, INC. 36.19% of their portfolio SALT LAKE CITY, UT 979,420979.4k $70.4m $70.4m 36.19% Reduced -4.3k -4,333
95 Financial Advisors Network, Inc. 11.65% of their portfolio TUSTIN, CA 973,231973.2k $70.0m $70.0m 11.65% First filing
96 Pacific Capital Wealth Advisors, Inc. 11.64% of their portfolio CORONA, CA 969,817969.8k $69.7m $69.7m 11.64% Added +52.8k +52,832
97 NewEdge Advisors, LLC 0.42% of their portfolio NEW ORLEANS, LA 963,964964.0k $69.3m $69.3m 0.42% Added +87.8k +87,815
98 Financial Engines Advisors L.L.C. 0.14% of their portfolio SANTA CLARA, CA 935,552935.6k $67.3m $67.3m 0.14% Added +45.4k +45,426
99 RAFFA WEALTH MANAGEMENT, LLC 15.64% of their portfolio WASHINGTON, DC 934,777934.8k $67.2m $67.2m 15.64% Added +22.3k +22,278
100 MA Private Wealth 12.51% of their portfolio SAN CARLOS, CA 930,449930.4k $66.9m $66.9m 12.51% Added +22.4k +22,392