VANGUARD TAX-MANAGED FDS VEA
VAN FTSE DEV MKT · ETP · CUSIP 921943858
1,857
institutional holders
+130 vs Q3 2022
1.8bn
shares reported held*
$77.8bnreported value*
137 new
767 added
673 reduced
93 sold out
net bought ≈ $3.3bn (+79.0m 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 ($102.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $42.14. Options: 6 managers hold calls ($14.3m notional), 10 hold puts ($6.3m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,727 |
| Q4 2022 | 1,857 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $11.8m | $4.4m | 0.37 |
| Q4 2022 | $14.3m | $6.3m | 0.44 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +18.7m |
| JONES FINANCIAL COMPANIES LLLP | Added | +11.5m |
| RWA WEALTH PARTNERS, LLC | Added | +9.4m |
| HBK Sorce Advisory LLC | Added | +9.2m |
| Creative Planning | Added | +7.3m |
| US BANCORP \DE\ | Added | +6.8m |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | New | +5.3m |
| Angeles Investment Advisors, LLC | New | +4.2m |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | Added | +3.6m |
| NORTHERN TRUST CORP | Added | +3.1m |
Biggest sellers
| NATIXIS ADVISORS, LLC | Reduced | -9.8m |
| TFO Wealth Partners, LLC | Reduced | -4.7m |
| Valmark Advisers, Inc. | Reduced | -3.7m |
| MBB PUBLIC MARKETS I LLC | Reduced | -3.4m |
| MUFG Americas Holdings Corp | Sold out | -3.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.8m |
| Wealthfront Advisers LLC | Reduced | -2.6m |
| Cerity Partners LLC | Reduced | -2.1m |
| TD AMERITRADE INVESTMENT MANAGEMENT, LLC | Reduced | -1.7m |
| Highland Private Wealth Management | Sold out | -1.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.5m179.2k shares |
| CITADEL ADVISORS LLC | Added | $5.9m140.5k shares |
| MBB PUBLIC MARKETS I LLC | New | $524.6k12.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $285.0k6.8k shares |
| Paladin Advisory Group, LLC | Added | $23.9k570 shares |
| Cutler Group LLC / CA | Added | $17.0k11.8k shares |
Biggest puts
| JPMORGAN CHASE & CO | New | $3.5m82.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m27.2k shares |
| CITADEL ADVISORS LLC | New | $545.6k13.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $520.0k12.4k shares |
| JANE STREET GROUP, LLC | Reduced | $264.4k6.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $197.0k4.7k shares |
| UBS Group AG | New | $113.3k2.7k shares |
| GROUP ONE TRADING LLC | Added | $29.4k700 shares |
| Cutler Group LLC / CA | Added | $4.0k3.1k 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 2022
| Manager | Shares | Change |
|---|---|---|
| BANK OF AMERICA CORP /DE/ 0.84% of their portfolio | 158.9m $6.7bn | Reduced -2.8m |
| Creative Planning 7.22% of their portfolio | 114.3m $4.8bn | Added +7.3m |
| Betterment LLC 14.97% of their portfolio | 104.0m $4.4bn | Added +1.7m |
| ENVESTNET ASSET MANAGEMENT INC 1.86% of their portfolio | 85.7m $3.6bn | Added +1.3m |
| JONES FINANCIAL COMPANIES LLLP 5.39% of their portfolio | 73.9m $3.1bn | Added +11.5m |
| WELLS FARGO & COMPANY/MN 0.77% of their portfolio | 57.8m $2.4bn | Reduced -850.6k |
| Wealthfront Advisers LLC 10.98% of their portfolio | 54.0m $2.3bn | Reduced -2.6m |
| MORGAN STANLEY 0.23% of their portfolio | 48.8m $2.1bn | Reduced -107.8k |
| GOLDMAN SACHS GROUP INC 0.52% of their portfolio | 43.5m $1.8bn | Added +18.7m |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.42% of their portfolio | 38.1m $1.6bn | Added +3.6m |
| WealthNavi Inc. 29.17% of their portfolio | 37.1m $1.6bn | Added +227.5k |
| ROYAL BANK OF CANADA 0.44% of their portfolio | 34.8m $1.5bn | Added +328.5k |
| NORTHERN TRUST CORP 0.30% of their portfolio | 34.3m $1.4bn | Added +3.1m |
| SEI INVESTMENTS CO 2.95% of their portfolio | 31.6m $1.3bn | Reduced -1.2m |
| TD AMERITRADE INVESTMENT MANAGEMENT, LLC 10.63% of their portfolio | 25.3m $1.1bn | Reduced -1.7m |
| UBS Group AG 0.51% of their portfolio | 25.2m $1.1bn | Added +681.9k |
| TIAA, FSB 3.82% of their portfolio | 23.1m $970.4m | Added +402.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.29% of their portfolio | 21.7m $908.9m | Reduced -240.3k |
| Bank of New York Mellon Corp 0.19% of their portfolio | 20.1m $845.2m | Reduced -197.1k |
| US BANCORP \DE\ 1.45% of their portfolio | 19.5m $818.1m | Added +6.8m |
| MBB PUBLIC MARKETS I LLC 22.56% of their portfolio | 19.2m $806.5m | Reduced -3.4m |
| Mariner, LLC 2.53% of their portfolio | 18.8m $787.9m | Added +488.2k |
| FMR LLC 0.07% of their portfolio | 18.0m $753.5m | Reduced -514.5k |
| LPL Financial LLC 0.61% of their portfolio | 17.0m $714.8m | Reduced -841.8k |
| Baird Financial Group, Inc. 1.82% of their portfolio | 16.5m $692.7m | Added +2.6m |
| VANGUARD GROUP INC 0.02% of their portfolio | 15.4m $647.5m | Reduced -579.5k |
| COMMONWEALTH EQUITY SERVICES, LLC 1.29% of their portfolio | 12.8m $536.4m | Added +82.8k |
| OSAIC HOLDINGS, INC. 1.05% of their portfolio | 12.3m $517.0m | Added +115.7k |
| Charles Schwab Investment Advisory, Inc. 0.71% of their portfolio | 10.1m $422.1m | Reduced -21.4k |
| HBK Sorce Advisory LLC 10.91% of their portfolio | 9.7m $405.5m | Added +9.2m |
| Valmark Advisers, Inc. 9.18% of their portfolio | 9.5m $397.7m | Reduced -3.7m |
| RWA WEALTH PARTNERS, LLC 10.40% of their portfolio | 9.5m $418.1m | Added +9.4m |
| KEYBANK NATIONAL ASSOCIATION/OH 1.93% of their portfolio | 9.4m $392.5m | Added +12.2k |
| Jasper Ridge Partners, L.P. 22.14% of their portfolio | 8.9m $372.3m | Added +482.0k |
| STIFEL FINANCIAL CORP 0.54% of their portfolio | 8.5m $358.7m | Added +602.2k |
| PNC Financial Services Group, Inc. 0.33% of their portfolio | 8.2m $346.2m | Added +165.6k |
| PATHSTONE FAMILY OFFICE, LLC 2.69% of their portfolio | 7.9m $319.1m | Added +394.8k |
| M&T Bank Corp 1.26% of their portfolio | 7.5m $314.0m | Added +42.1k |
| Wealthspire Advisors, LLC 5.60% of their portfolio | 7.3m $307.9m | Added +621.8k |
| SCS Capital Management LLC 8.88% of their portfolio | 7.2m $301.9m | Added +101.6k |
| CAPTRUST FINANCIAL ADVISORS 1.46% of their portfolio | 6.9m $290.5m | Added +1.2m |
| AMERIPRISE FINANCIAL INC 0.10% of their portfolio | 6.8m $285.4m | Added +1.4m |
| J.P. Morgan Private Wealth Advisors LLC 0.63% of their portfolio | 6.8m $283.3m | Added +678.6k |
| Fiduciary Trust Co 5.27% of their portfolio | 6.5m $270.9m | Added +1.0m |
| HighTower Advisors, LLC 0.61% of their portfolio | 6.4m $268.2m | Added +1.8m |
| CITIGROUP INC 0.37% of their portfolio | 6.3m $265.5m | Reduced -520.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.30% of their portfolio | 6.1m $256.7m | Reduced -1.2m |
| STATE STREET CORP 0.02% of their portfolio | 6.1m $255.4m | Added +1.8m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 5.7m $237.6m | Reduced -1.2m |
| Corient Private Wealth LP 0.85% of their portfolio | 5.6m $234.9m | First filing |
| Facet Wealth, Inc. 15.38% of their portfolio | 5.4m $242.0m | Reduced -20.5k |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 8.32% of their portfolio | 5.3m $223.7m | New |
| Cerity Partners LLC 2.53% of their portfolio | 5.3m $391.0m | Reduced -2.1m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.14% of their portfolio | 5.2m $217.9m | Added +347.8k |
| State of Tennessee, Department of Treasury 0.97% of their portfolio | 4.9m $207.6m | Added +122.9k |
| JMG Financial Group, Ltd. 11.37% of their portfolio | 4.9m $207.2m | Added +608.9k |
| Raymond James Financial Services Advisors, Inc. 0.41% of their portfolio | 4.8m $203.3m | Added +156.9k |
| Parsec Financial Management, Inc. 8.81% of their portfolio | 4.7m $198.1m | Reduced -20.4k |
| Morningstar Investment Services LLC 2.73% of their portfolio | 4.7m $200.2m | Reduced -2.5k |
| REGIONS FINANCIAL CORP 1.81% of their portfolio | 4.7m $196.5m | Added +230.4k |
| Truepoint, Inc. 6.95% of their portfolio | 4.6m $192.1m | Added +12.7k |
| COUNTRY TRUST BANK 5.66% of their portfolio | 4.6m $191.2m | Reduced -67.7k |
| Angeles Investment Advisors, LLC 15.08% of their portfolio | 4.2m $176.2m | New |
| Linscomb Wealth, Inc. 8.66% of their portfolio | 4.1m $170.5m | Reduced -657.0k |
| FIFTH THIRD BANCORP 0.82% of their portfolio | 4.1m $170.2m | Reduced -1.2m |
| Mirae Asset Global Investments Co., Ltd. 0.43% of their portfolio | 4.0m $167.2m | Reduced -323.5k |
| Fisher Asset Management, LLC 0.11% of their portfolio | 3.8m $160.9m | Added +229.4k |
| Ally Invest Advisors Inc. 19.67% of their portfolio | 3.7m $156.8m | Reduced -42.6k |
| RAYMOND JAMES & ASSOCIATES 0.14% of their portfolio | 3.6m $149.9m | Added +576.2k |
| MML INVESTORS SERVICES, LLC 0.96% of their portfolio | 3.5m $146.0m | Added +164.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.17% of their portfolio | 3.4m $144.6m | Added +2.2m |
| BANK OF HAWAII 8.61% of their portfolio | 3.4m $140.7m | Added +569.7k |
| MERCER GLOBAL ADVISORS INC /ADV 0.70% of their portfolio | 3.3m $140.4m | Added +2.1m |
| Janney Montgomery Scott LLC 0.55% of their portfolio | 3.3m $140.1m | Reduced -77.7k |
| D.A. DAVIDSON & CO. 1.65% of their portfolio | 3.3m $139.8m | Reduced -58.2k |
| Ellevest, Inc. 11.71% of their portfolio | 3.3m $139.2m | Added +100.3k |
| LINCOLN NATIONAL CORP 3.13% of their portfolio | 3.3m $138.1m | Added +118.8k |
| TRUIST FINANCIAL CORP 0.24% of their portfolio | 3.3m $137.5m | Reduced -467.2k |
| Ballentine Partners, LLC 4.06% of their portfolio | 3.3m $136.8m | Added +522.4k |
| SOFI WEALTH, LLC 20.33% of their portfolio | 3.2m $135.1m | Added +90.2k |
| JANE STREET GROUP, LLC 0.25% of their portfolio | 3.1m $132.0m | Added +2.7m |
| HUNTINGTON NATIONAL BANK 1.31% of their portfolio | 3.0m $125.8m | Added +350.5k |
| CIBC Private Wealth Group LLC 0.38% of their portfolio | 3.0m $112.4m | Added +104.1k |
| FARMERS & MERCHANTS INVESTMENTS INC 4.75% of their portfolio | 2.8m $115.5m | Reduced -98.6k |
| Cambridge Investment Research Advisors, Inc. 0.59% of their portfolio | 2.7m $114.5m | Added +180.8k |
| Wilmington Savings Fund Society, FSB 5.18% of their portfolio | 2.7m $114.1m | Added +49.7k |
| SYNOVUS FINANCIAL CORP 1.26% of their portfolio | 2.6m $110.7m | Reduced -4.1k |
| ASSETMARK, INC 0.48% of their portfolio | 2.6m $110.3m | Reduced -50.9k |
| Allen Investment Management, LLC 1.77% of their portfolio | 2.6m $110.2m | Added +509.5k |
| BLAIR WILLIAM & CO/IL 0.47% of their portfolio | 2.6m $108.1m | Added +454.7k |
| Bricktown Capital, LLC 12.19% of their portfolio | 2.5m $105.3m | First filing |
| Michael & Susan Dell Foundation 99.54% of their portfolio | 2.5m $104.6m | Unchanged |
| Acropolis Investment Management, LLC 9.13% of their portfolio | 2.4m $101.9m | Added +74.2k |
| Cerity Partners OCIO LLC 3.23% of their portfolio | 2.4m $100.7m | Reduced -104.3k |
| Foster Group, Inc. 7.51% of their portfolio | 2.4m $100.5m | Added +64.9k |
| Hernani LP 24.67% of their portfolio | 2.4m $99.6m | Added +59.5k |
| Thrivent Financial for Lutherans 0.25% of their portfolio | 2.3m $96.5m | Added +269.3k |
| LAKE STREET ADVISORS GROUP, LLC 6.13% of their portfolio | 2.2m $93.1m | Added +18.6k |
| Johnson Financial Group, LLC 15.84% of their portfolio | 2.2m $92.5m | Added +1.0m |
| TOEWS CORP /ADV 45.62% of their portfolio | 2.2m $92.2m | Added +2.2m |