Vault-13

VANGUARD BD INDEX FDS BND

TOTAL BND MRKT · ETP · CUSIP 921937835

1,828 institutional holders +41 vs Q1 2026
1,259,548,2391.3bn shares reported held*
$92.6bnreported value*
129 new 898 added 567 reduced 86 sold out net bought ≈ $6.4bn (+86.8m 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 ($127.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.55. Options: 3 managers hold calls ($4.4m notional), 4 hold puts ($1.4m).

Trends to Q2 2026

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: 1,617Q1 25: 1,621Q2 25: 1,651Q3 25: 1,664Q4 25: 1,805Q1 26: 1,787Q2 26: 1,8281,828Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q1 20251,621
Q2 20251,651
Q3 20251,664
Q4 20251,805
Q1 20261,787
Q2 20261,828

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 24: 858 bought or addedQ3 24: 528 cut or sold outQ4 24: 905 bought or addedQ4 24: 520 cut or sold outQ4 24Q1 25: 850 bought or addedQ1 25: 691 cut or sold outQ2 25: 841 bought or addedQ2 25: 714 cut or sold outQ2 25Q3 25: 943 bought or addedQ3 25: 603 cut or sold outQ4 25: 993 bought or addedQ4 25: 581 cut or sold outQ4 25Q1 26: 1,001 bought or addedQ1 26: 697 cut or sold outQ2 26: 1,027 bought or addedQ2 26: 653 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024858528
Q4 2024905520
Q1 2025850691
Q2 2025841714
Q3 2025943603
Q4 2025993581
Q1 20261,001697
Q2 20261,027653

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 25 calls: $6.9mQ3 25 puts: $1.9mQ3 25P/C 0.28Q4 25 calls: $3.1mQ4 25 puts: $907.4kQ4 25P/C 0.29Q1 26 calls: $3.6mQ1 26 puts: $698.7kQ1 26P/C 0.20Q2 26 calls: $4.4mQ2 26 puts: $1.4mQ2 26P/C 0.32
Numbers
QuarterCallsPutsP/C
Q3 2025$6.9m$1.9m0.28
Q4 2025$3.1m$907.4k0.29
Q1 2026$3.6m$698.7k0.20
Q2 2026$4.4m$1.4m0.32

Biggest buyers

Savant Capital, LLC Added +18,843,587+18.8m
JPMORGAN CHASE & CO Added +12,580,143+12.6m
Creative Planning Added +9,288,309+9.3m
SBI Okasan Asset Management Co.Ltd. New +6,895,140+6.9m
VANGUARD ADVISERS INC Added +6,578,881+6.6m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +6,457,740+6.5m
WELLS FARGO & COMPANY/MN Added +3,008,695+3.0m
Cambridge Investment Research Advisors, Inc. Added +2,770,659+2.8m
VANGUARD CAPITAL MANAGEMENT LLC Added +2,365,802+2.4m
ASSETMARK, INC Added +2,299,518+2.3m

Biggest sellers

Allworth Financial LP Reduced -5,325,394-5.3m
STATE STREET CORP Reduced -1,368,539-1.4m
JANE STREET GROUP, LLC Sold out -1,071,832-1.1m
ALPS ADVISORS INC Reduced -749,333-749.3k
Howard Capital Management, LLC Sold out -661,100-661.1k
ALLIANCEBERNSTEIN L.P. Reduced -647,727-647.7k
UBS Group AG Reduced -617,751-617.8k
Boston Partners Reduced -615,921-615.9k
RAYMOND JAMES FINANCIAL INC Reduced -591,437-591.4k
Ocean Park Asset Management, LLC Reduced -568,400-568.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.6m35.4k shares
CITADEL ADVISORS LLC Reduced $1.2m16.2k shares
JANE STREET GROUP, LLC Added $602.0k8.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $800.2k10.9k shares
CITADEL ADVISORS LLC New $352.4k4.8k shares
IMC-Chicago, LLC Added $212.9k2.9k shares
SIMPLEX TRADING, LLC Reduced $41.8k600 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.67% of their portfolio NEW YORK, NY 155,418,110155.4m $11.5bn $11.5bn 0.67% Added +12.6m +12,580,143
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 5.54% of their portfolio MILWAUKEE, WI 141,274,305141.3m $10.4bn $10.4bn 5.54% Added +6.5m +6,457,740
3 Creative Planning 5.61% of their portfolio OVERLAND PARK, KS 130,673,715130.7m $9.6bn $9.6bn 5.61% Added +9.3m +9,288,309
4 MORGAN STANLEY 0.49% of their portfolio NEW YORK, NY 125,882,099125.9m $9.2bn $9.2bn 0.49% Added +863.5k +863,495
5 VANGUARD ADVISERS INC 15.66% of their portfolio Malvern, PA 62,713,49862.7m $4.6bn $4.6bn 15.66% Added +6.6m +6,578,881
6 Savant Capital, LLC 7.71% of their portfolio ROCKFORD, IL 35,718,15435.7m $2.6bn $2.6bn 7.71% Added +18.8m +18,843,587
7 WELLS FARGO & COMPANY/MN 0.37% of their portfolio SAN FRANCISCO, CA 29,041,83729.0m $2.1bn $2.1bn 0.37% Added +3.0m +3,008,695
8 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 26,751,94026.8m $2.0bn $2.0bn 0.13% Added +1.1m +1,079,109
9 ENVESTNET ASSET MANAGEMENT INC 0.44% of their portfolio Berwyn, PA 25,163,86725.2m $1.8bn $1.8bn 0.44% Added +1.3m +1,284,033
10 SEI INVESTMENTS CO 1.30% of their portfolio OAKS, PA 20,078,69120.1m $1.5bn $1.5bn 1.30% Added +1.5m +1,450,685
11 LPL Financial LLC 0.33% of their portfolio FORT MILL, SC 19,768,74519.8m $1.5bn $1.5bn 0.33% Added +675.1k +675,143
12 Allworth Financial LP 5.89% of their portfolio FOLSOM, CA 18,868,18518.9m $1.4bn $1.4bn 5.89% Reduced -5.3m -5,325,394
13 Vanguard Global Advisers, LLC 0.61% of their portfolio MALVERN, PA 17,950,23418.0m $1.3bn $1.3bn 0.61% Added +916.9k +916,931
14 GOLDMAN SACHS GROUP INC 0.11% of their portfolio NEW YORK, NY 14,463,71014.5m $1.1bn $1.1bn 0.11% Added +732.2k +732,240
15 VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio MALVERN, PA 13,419,86913.4m $985.2m $985.2m 0.02% Added +2.4m +2,365,802
16 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.75% of their portfolio Toronto, A6 13,152,21613.2m $965.6m $965.6m 0.75% Added +1.0m +1,030,722
17 Arizona PSPRS Trust 27.27% of their portfolio PHOENIX, AZ 9,969,51210.0m $731.9m $731.9m 27.27% Added +99.9k +99,876
18 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 9,585,2429.6m $702.0m $702.0m 0.14% Added +142.1k +142,085
19 Pure Financial Advisors, LLC 8.62% of their portfolio SAN DIEGO, CA 9,221,2319.2m $676.9m $676.9m 8.62% Added +593.4k +593,446
20 MASTERCARD FOUNDATION ASSET MANAGEMENT CORP 2.03% of their portfolio TORONTO, A6 8,862,9058.9m $650.6m $650.6m 2.03% Unchanged
21 CBIZ Investment Advisory Services, LLC 23.10% of their portfolio INDEPENDENCE, OH 8,579,4148.6m $631.8m $631.8m 23.10% Unchanged
22 BlackRock, Inc. 0.01% of their portfolio New York, NY 8,326,4808.3m $611.2m $611.2m 0.01% Reduced -212.1k -212,127
23 Facet Wealth, Inc. 8.60% of their portfolio WEST PALM BEACH, FL 8,177,9678.2m $600.3m $600.3m 8.60% Added +1.1m +1,064,244
24 ASSETMARK, INC 0.92% of their portfolio CONCORD, CA 7,251,1167.3m $532.3m $532.3m 0.92% Added +2.3m +2,299,518
25 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 7,165,5347.2m $526.0m $526.0m 0.14% Reduced -591.4k -591,437
26 Cetera Investment Advisers 0.48% of their portfolio SCHAUMBURG, IL 7,165,0647.2m $526.0m $526.0m 0.48% Reduced -460.9k -460,875
27 SBI Okasan Asset Management Co.Ltd. 16.71% of their portfolio TOKYO, M0 6,895,1406.9m $508.2m $508.2m 16.71% New
28 UBS Group AG 0.07% of their portfolio ZURICH, V8 6,144,6626.1m $451.1m $451.1m 0.07% Reduced -617.8k -617,751
29 Corient Private Wealth LP 0.60% of their portfolio MIAMI, FL 5,890,2085.9m $432.4m $432.4m 0.60% Added +659.6k +659,598
30 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 5,643,7265.6m $414.3m $414.3m 0.07% Added +66.4k +66,355
31 Cambridge Investment Research Advisors, Inc. 0.46% of their portfolio FAIRFIELD, IA 5,478,6125.5m $402.2m $402.2m 0.46% Added +2.8m +2,770,659
32 Composition Wealth, LLC 4.23% of their portfolio LOS ANGELES, CA 4,911,0624.9m $360.5m $360.5m 4.23% Added +669.3k +669,322
33 JONES FINANCIAL COMPANIES LLLP 0.14% of their portfolio DES PERES, MO 4,612,3544.6m $339.8m $339.8m 0.14% Added +405.1k +405,061
34 M&T Bank Corp 0.91% of their portfolio BUFFALO, NY 4,234,5584.2m $310.9m $310.9m 0.91% Added +218.4k +218,362
35 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 4,112,1134.1m $301.9m $301.9m 0.29% Added +58.6k +58,629
36 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 3,980,4364.0m $292.2m $292.2m 0.01% Reduced -1.4m -1,368,539
37 PNC Financial Services Group, Inc. 0.13% of their portfolio Pittsburgh, PA 3,698,4553.7m $271.5m $271.5m 0.13% Added +75.7k +75,708
38 FRANKLIN RESOURCES INC 0.06% of their portfolio San Mateo, CA 3,653,2643.7m $268.2m $268.2m 0.06% Added +52.5k +52,468
39 MML INVESTORS SERVICES, LLC 0.51% of their portfolio SPRINGFIELD, MA 3,376,5083.4m $247.9m $247.9m 0.51% Added +731.9k +731,922
40 Retirement Systems of Alabama 0.71% of their portfolio MONTGOMERY, AL 3,226,3513.2m $236.8m $236.8m 0.71% Added +11.1k +11,055
41 Alesco Advisors, LLC, An ESL Co 5.26% of their portfolio Pittsford, NY 3,126,3773.1m $229.5m $229.5m 5.26% Added +378.0k +377,999
42 Beacon Pointe Advisors, LLC 1.03% of their portfolio NEWPORT BEACH, CA 3,009,9383.0m $221.0m $221.0m 1.03% Added +410.6k +410,612
43 Stairway Partners, LLC 9.90% of their portfolio MINNEAPOLIS, MN 2,862,1332.9m $210.1m $210.1m 9.90% Added +289.0k +289,022
44 TRUIST FINANCIAL CORP 0.25% of their portfolio CHARLOTTE, NC 2,852,4402.9m $209.4m $209.4m 0.25% Added +256.0k +255,979
45 OSAIC HOLDINGS, INC. 0.23% of their portfolio SCOTTSDALE, AZ 2,692,6922.7m $197.7m $197.7m 0.23% Added +333.1k +333,083
46 CHOREO, LLC 2.14% of their portfolio ROCKFORD, IL 2,662,1712.7m $195.4m $195.4m 2.14% Added +222.8k +222,831
47 First Financial Bankshares Inc 3.56% of their portfolio Abilene, TX 2,593,3322.6m $190.4m $190.4m 3.56% Reduced -62.0k -61,954
48 Foster Group, Inc. 4.97% of their portfolio WEST DES MOINES, IA 2,547,9962.5m $187.0m $187.0m 4.97% Added +113.5k +113,459
49 Voya Financial Advisors, Inc. 16.01% of their portfolio WINDSOR, CT 2,467,0392.5m $181.8m $181.8m 16.01% Added +310.2k +310,166
50 GenTrust, LLC 6.81% of their portfolio MIAMI, FL 2,415,0902.4m $177.3m $177.3m 6.81% Added +666.5k +666,530
51 RiverFront Investment Group, LLC 2.34% of their portfolio RICHMOND, VA 2,407,0742.4m $176.7m $176.7m 2.34% Added +11.1k +11,107
52 OAKWORTH CAPITAL, INC. 8.20% of their portfolio BIRMINGHAM, AL 2,353,7872.4m $172.4m $172.4m 8.20% Added +146.9k +146,945
53 Alaska Permanent Capital Management, LLC 10.70% of their portfolio ANCHORAGE, AK 2,232,0182.2m $163.8m $163.8m 10.70% Added +39.7k +39,748
54 RITHOLTZ WEALTH MANAGEMENT 2.44% of their portfolio NEW YORK, NY 2,225,1872.2m $163.4m $163.4m 2.44% Added +103.2k +103,182
55 Mariner, LLC 0.15% of their portfolio Overland Park, KS 1,961,8832.0m $144.2m $144.2m 0.15% Reduced -151.2k -151,245
56 MCMORGAN & CO LLC 21.62% of their portfolio SAN FRANCISCO, CA 1,955,8982.0m $143.6m $143.6m 21.62% Reduced -39.3k -39,335
57 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 8.28% of their portfolio KNOXVILLE, TN 1,945,5691.9m $142.8m $142.8m 8.28% Added +56.0k +56,014
58 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.47% of their portfolio CHARLOTTE, NC 1,879,5061.9m $138.0m $138.0m 0.47% Added +56.8k +56,811
59 Vestmark Advisory Solutions, Inc. 1.27% of their portfolio Wakefield, MA 1,840,2091.8m $135.1m $135.1m 1.27% Added +14.7k +14,725
60 COMMONWEALTH EQUITY SERVICES, LLC 0.17% of their portfolio WALTHAM, MA 1,838,5941.8m $135.0m $135.0m 0.17% Added +20.9k +20,867
61 Wealthfront Advisers LLC 0.26% of their portfolio Palo Alto, CA 1,837,4351.8m $134.9m $134.9m 0.26% Added +103.7k +103,716
62 Capstone Financial Advisors, Inc. 6.56% of their portfolio DOWNERS GROVE, IL 1,832,7081.8m $134.5m $134.5m 6.56% Added +60.8k +60,772
63 Verus Financial Partners, Inc. 11.49% of their portfolio RICHMOND, VA 1,829,2881.8m $134.3m $134.3m 11.49% Added +46.3k +46,348
64 Apella Capital, LLC 1.87% of their portfolio WEST HARTFORD, CT 1,820,9931.8m $132.7m $132.7m 1.87% Added +24.6k +24,575
65 Garde Capital, Inc. 5.95% of their portfolio SEATTLE, WA 1,807,8001.8m $132.7m $132.7m 5.95% New
66 Chandler Asset Management, Inc. 18.07% of their portfolio SAN DIEGO, CA 1,747,4321.7m $128.3m $128.3m 18.07% Added +155.5k +155,475
67 Trajan Wealth LLC 4.61% of their portfolio SCOTTSDALE, AZ 1,662,2251.7m $122.0m $122.0m 4.61% Added +105.7k +105,738
68 Bogart Wealth, LLC 4.06% of their portfolio MCLEAN, VA 1,614,0481.6m $118.5m $118.5m 4.06% Added +68.7k +68,661
69 AMG National Trust Bank 2.32% of their portfolio GREENWOOD VILLAGE, CO 1,539,0231.5m $113.0m $113.0m 2.32% Reduced -44.7k -44,666
70 Lutz Financial Services LLC 6.61% of their portfolio OMAHA, NE 1,478,4621.5m $108.5m $108.5m 6.61% Added +47.3k +47,322
71 MERCER GLOBAL ADVISORS INC /ADV 0.13% of their portfolio DENVER, CO 1,478,2571.5m $108.5m $108.5m 0.13% Added +362.6k +362,572
72 Cerity Partners LLC 0.11% of their portfolio NEW YORK, NY 1,475,3221.5m $86.9m $86.9m 0.11% Added +439.3k +439,262
73 VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio San Antonio, TX 1,469,4691.5m $107.9m $107.9m 0.06% Reduced -70.9k -70,905
74 Integrated Wealth Concepts LLC 1.02% of their portfolio WALTHAM, MA 1,468,3791.5m $209.9m $209.9m 1.02% Added +42.3k +42,272
75 Global Endowment Management, LP 10.89% of their portfolio CHARLOTTE, NC 1,463,0861.5m $107.4m $107.4m 10.89% Reduced -28.2k -28,233
76 Prime Capital Investment Advisors, LLC 1.03% of their portfolio OVERLAND PARK, KS 1,443,1411.4m $105.9m $105.9m 1.03% Added +39.3k +39,284
77 CoreCap Advisors, LLC 3.02% of their portfolio SOUTHFIELD, MI 1,396,7811.4m $102.5m $102.5m 3.02% Added +8.3k +8,265
78 PRUDENTIAL FINANCIAL INC 0.11% of their portfolio NEWARK, NJ 1,392,4821.4m $102.2m $102.2m 0.11% Added +119.8k +119,820
79 Sumitomo Mitsui DS Asset Management Company, Ltd 0.70% of their portfolio TOKYO, M0 1,380,9381.4m $101.4m $101.4m 0.70% Added +1.0m +1,002,031
80 Stratos Wealth Partners, LTD. 1.02% of their portfolio BEACHWOOD, OH 1,374,8511.4m $100.9m $100.9m 1.02% Reduced -49.7k -49,696
81 Baker Avenue Asset Management, LP 1.91% of their portfolio SAN FRANCISCO, CA 1,370,0991.4m $100.6m $100.6m 1.91% Added +53.6k +53,584
82 Bryn Mawr Trust Advisors, LLC 4.39% of their portfolio PHILADELPHIA, PA 1,369,6281.4m $100.5m $100.5m 4.39% Added +23.0k +22,998
83 Kestra Advisory Services, LLC 0.32% of their portfolio AUSTIN, TX 1,354,7121.4m $99.4m $99.4m 0.32% Reduced -51.7k -51,722
84 Envestnet Portfolio Solutions, Inc. 0.47% of their portfolio BERWYN, PA 1,345,7411.3m $98.8m $98.8m 0.47% Added +26.1k +26,077
85 Pathstone Holdings, LLC 0.29% of their portfolio ENGLEWOOD, NJ 1,337,4891.3m $98.2m $98.2m 0.29% Added +21.2k +21,204
86 Merit Financial Group, LLC 0.57% of their portfolio ALPHARETTA, GA 1,249,0341.2m $91.7m $91.7m 0.57% Added +201.9k +201,851
87 Financial Advisors Network, Inc. 11.24% of their portfolio TUSTIN, CA 1,248,4381.2m $91.6m $91.6m 11.24% Reduced -46.2k -46,191
88 Alaska Wealth Advisors, LLC 9.84% of their portfolio ANCHORAGE, AK 1,237,1601.2m $90.8m $90.8m 9.84% Added +46.3k +46,274
89 NEOS Investment Management LLC 0.33% of their portfolio Westport, CT 1,228,4711.2m $89.9m $89.9m 0.33% Added +120.6k +120,612
90 Pacific Capital Wealth Advisors, Inc. 13.31% of their portfolio CORONA, CA 1,202,5061.2m $88.3m $88.3m 13.31% Added +100.0k +99,996
91 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.14% of their portfolio PLYMOUTH, MN 1,171,8751.2m $84.0m $84.0m 0.14% Added +27.0k +27,044
92 Betterment LLC 0.14% of their portfolio NEW YORK, NY 1,111,6981.1m $81.6m $81.6m 0.14% Reduced -490.1k -490,145
93 FIFTH THIRD BANCORP 0.13% of their portfolio CINCINNATI, OH 1,107,6991.1m $81.3m $81.3m 0.13% Reduced -15.6k -15,624
94 Constellation Investments, Inc. 2.54% of their portfolio MONTGOMERY, OH 1,100,0001.1m $80.8m $80.8m 2.54% Unchanged
95 B & T Capital Management DBA Alpha Capital Management 10.53% of their portfolio AUSTIN, TX 1,094,7231.1m $80.4m $80.4m 10.53% Reduced -54.6k -54,569
96 BURRUS FINANCIAL SERVICES, INC. 34.59% of their portfolio SALT LAKE CITY, UT 1,085,4321.1m $79.7m $79.7m 34.59% Added +6.2k +6,175
97 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 1,077,4301.1m $79.1m $79.1m 0.07% Added +46.4k +46,428
98 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 1,072,7741.1m $78.8m $78.8m 0.08% Added +436 +436
99 Partners in Financial Planning 11.83% of their portfolio SALEM, VA 1,063,0641.1m $78.0m $78.0m 11.83% Added +16.5k +16,492
100 US BANCORP \DE\ 0.08% of their portfolio MINNEAPOLIS, MN 1,053,8321.1m $77.4m $77.4m 0.08% Added +69.0k +69,038