Vault-13

VANGUARD TAX-MANAGED FDS VEA

VAN FTSE DEV MKT · ETP · CUSIP 921943858

1,936 institutional holders +51 vs Q1 2023
1,887,385,7631.9bn shares reported held*
$87.2bnreported value*
84 new 924 added 692 reduced 56 sold out net bought ≈ $345.8m (-29.3m 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 ($81.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.22. Options: 3 managers hold calls ($12.9m notional), 12 hold puts ($5.0m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,727Q4 22: 1,857Q1 23: 1,885Q2 23: 1,9361,936Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,727
Q4 20221,857
Q1 20231,885
Q2 20231,936

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ4 22: 904 bought or addedQ4 22: 766 cut or sold outQ4 22Q1 23: 988 bought or addedQ1 23: 763 cut or sold outQ1 23Q2 23: 1,008 bought or addedQ2 23: 748 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022904766
Q1 2023988763
Q2 20231,008748

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $11.8mQ3 22 puts: $4.4mQ3 22P/C 0.37Q4 22 calls: $14.3mQ4 22 puts: $6.3mQ4 22P/C 0.44Q1 23 calls: $10.5mQ1 23 puts: $2.7mQ1 23P/C 0.25Q2 23 calls: $12.9mQ2 23 puts: $5.0mQ2 23P/C 0.39
Numbers
QuarterCallsPutsP/C
Q3 2022$11.8m$4.4m0.37
Q4 2022$14.3m$6.3m0.44
Q1 2023$10.5m$2.7m0.25
Q2 2023$12.9m$5.0m0.39

Biggest buyers

Creative Planning Added +6,390,499+6.4m
MERCER GLOBAL ADVISORS INC /ADV Added +4,958,428+5.0m
Modera Wealth Management, LLC Added +4,955,891+5.0m
MORGAN STANLEY Added +3,512,243+3.5m
Cerity Partners LLC Added +2,252,145+2.3m
TIFF ADVISORY SERVICES, LLC New +2,188,195+2.2m
WELLS FARGO & COMPANY/MN Added +1,884,312+1.9m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,856,585+1.9m
Betterment LLC Added +1,631,402+1.6m
HighTower Advisors, LLC Added +1,534,995+1.5m

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -22,610,196-22.6m
FMR LLC Reduced -17,986,218-18.0m
Summit Wealth Group, LLC Reduced -12,550,267-12.6m
JANE STREET GROUP, LLC Reduced -7,892,380-7.9m
Angeles Investment Advisors, LLC Reduced -4,098,317-4.1m
STATE STREET CORP Reduced -3,034,687-3.0m
Hernani LP Sold out -2,674,261-2.7m
MBB PUBLIC MARKETS I LLC Reduced -2,119,608-2.1m
Jasper Ridge Partners, L.P. Reduced -2,059,256-2.1m
Baird Financial Group, Inc. Reduced -1,972,569-2.0m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.5m205.6k shares
CITADEL ADVISORS LLC Reduced $3.3m70.5k shares
Cutler Group LLC / CA Added $120.0k77.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.6m56.8k shares
Maven Securities LTD New $706.6k15.3k shares
IAMS WEALTH MANAGEMENT, LLC New $464.7k10.2k shares
WELLS FARGO & COMPANY/MN New $461.8k10.0k shares
SIMPLEX TRADING, LLC Added $249.0k5.4k shares
JANE STREET GROUP, LLC Reduced $217.0k4.7k shares
CITADEL ADVISORS LLC Reduced $175.5k3.8k shares
JPMORGAN CHASE & CO Unchanged $41.6k900 shares
GROUP ONE TRADING LLC Reduced $27.7k600 shares
Creative Planning Unchanged $83300 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.80% of their portfolio CHARLOTTE, NC 145,060,881145.1m $6.7bn $6.7bn 0.80% Added +1.4m +1,422,638
2 Creative Planning 7.53% of their portfolio OVERLAND PARK, KS 122,405,892122.4m $5.7bn $5.7bn 7.53% Added +6.4m +6,390,499
3 Betterment LLC 15.07% of their portfolio NEW YORK, NY 105,288,084105.3m $4.9bn $4.9bn 15.07% Added +1.6m +1,631,402
4 ENVESTNET ASSET MANAGEMENT INC 1.92% of their portfolio Berwyn, PA 93,672,15093.7m $4.3bn $4.3bn 1.92% Reduced -22.6m -22,610,196
5 JONES FINANCIAL COMPANIES LLLP 5.51% of their portfolio DES PERES, MO 74,844,76274.8m $3.5bn $3.5bn 5.51% Added +707.7k +707,698
6 WELLS FARGO & COMPANY/MN 0.82% of their portfolio SAN FRANCISCO, CA 61,086,35261.1m $2.8bn $2.8bn 0.82% Added +1.9m +1,884,312
7 Wealthfront Advisers LLC 10.37% of their portfolio Palo Alto, CA 52,976,61253.0m $2.4bn $2.4bn 10.37% Reduced -137.2k -137,195
8 MORGAN STANLEY 0.24% of their portfolio NEW YORK, NY 52,828,79452.8m $2.4bn $2.4bn 0.24% Added +3.5m +3,512,243
9 GOLDMAN SACHS GROUP INC 0.51% of their portfolio NEW YORK, NY 42,912,82242.9m $2.0bn $2.0bn 0.51% Added +128.9k +128,862
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.51% of their portfolio MILWAUKEE, WI 42,056,94642.1m $1.9bn $1.9bn 2.51% Added +1.9m +1,856,585
11 WealthNavi Inc. 28.02% of their portfolio Shinagawa-ku, TOKYO, M0 37,374,63737.4m $1.7bn $1.7bn 28.02% Reduced -42.0k -41,996
12 NORTHERN TRUST CORP 0.33% of their portfolio CHICAGO, IL 36,966,45437.0m $1.7bn $1.7bn 0.33% Added +374.6k +374,623
13 ROYAL BANK OF CANADA 0.47% of their portfolio TORONTO, A6 36,393,09336.4m $1.7bn $1.7bn 0.47% Added +816.7k +816,681
14 SEI INVESTMENTS CO 2.42% of their portfolio OAKS, PA 30,017,02430.0m $1.4bn $1.4bn 2.42% Reduced -389.5k -389,478
15 UBS Group AG 0.54% of their portfolio ZURICH, V8 26,816,88226.8m $1.2bn $1.2bn 0.54% Added +287.7k +287,716
16 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 11.61% of their portfolio OMAHA, NE 23,630,14323.6m $1.1bn $1.1bn 11.61% Reduced -144.1k -144,067
17 TIAA, FSB 3.90% of their portfolio ST. LOUIS, MO 23,334,11823.3m $1.1bn $1.1bn 3.90% Reduced -142.9k -142,856
18 Bank of New York Mellon Corp 0.22% of their portfolio NEW YORK, NY 22,236,30722.2m $1.0bn $1.0bn 0.22% Reduced -209.9k -209,879
19 Mariner, LLC 2.63% of their portfolio Overland Park, KS 21,342,52021.3m $985.6m $985.6m 2.63% Added +896.6k +896,644
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.27% of their portfolio SAN FRANCISCO, CA 20,278,44320.3m $936.5m $936.5m 0.27% Reduced -695.0k -695,041
21 LPL Financial LLC 0.60% of their portfolio FORT MILL, SC 18,032,57118.0m $832.7m $832.7m 0.60% Added +585.7k +585,703
22 US BANCORP \DE\ 1.31% of their portfolio MINNEAPOLIS, MN 17,463,16217.5m $806.4m $806.4m 1.31% Reduced -528.4k -528,406
23 FMR LLC 0.07% of their portfolio BOSTON, MA 17,156,96017.2m $792.3m $792.3m 0.07% Reduced -18.0m -17,986,218
24 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 16,386,22316.4m $756.7m $756.7m 0.02% Added +365.9k +365,892
25 Baird Financial Group, Inc. 1.83% of their portfolio MILWAUKEE, WI 15,032,60915.0m $694.2m $694.2m 1.83% Reduced -2.0m -1,972,569
26 COMMONWEALTH EQUITY SERVICES, LLC 1.30% of their portfolio WALTHAM, MA 13,837,18813.8m $639.0m $639.0m 1.30% Added +551.6k +551,622
27 Cerity Partners LLC 2.14% of their portfolio NEW YORK, NY 11,897,84511.9m $549.4m $549.4m 2.14% Added +2.3m +2,252,145
28 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 11,087,43011.1m $512.0m $512.0m 0.06% Added +817.2k +817,164
29 OSAIC HOLDINGS, INC. 0.90% of their portfolio SCOTTSDALE, AZ 10,905,82710.9m $503.5m $503.5m 0.90% Reduced -1.2m -1,211,478
30 MERCER GLOBAL ADVISORS INC /ADV 1.84% of their portfolio DENVER, CO 10,023,69810.0m $462.9m $462.9m 1.84% Added +5.0m +4,958,428
31 Valmark Advisers, Inc. 9.22% of their portfolio AKRON, OH 9,810,8209.8m $453.1m $453.1m 9.22% Added +210.3k +210,309
32 CAPTRUST FINANCIAL ADVISORS 1.76% of their portfolio RALEIGH, NC 9,655,4499.7m $445.9m $445.9m 1.76% Added +981.4k +981,364
33 RWA WEALTH PARTNERS, LLC 9.68% of their portfolio BOSTON, MA 9,577,5009.6m $442.3m $442.3m 9.68% Reduced -63.4k -63,362
34 KEYBANK NATIONAL ASSOCIATION/OH 1.97% of their portfolio BROOKLYN, OH 9,378,9519.4m $433.1m $433.1m 1.97% Reduced -19.0k -18,971
35 Charles Schwab Investment Advisory, Inc. 0.67% of their portfolio SAN FRANCISCO, CA 9,352,7879.4m $431.9m $431.9m 0.67% Reduced -213.4k -213,398
36 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 8,811,3768.8m $405.9m $405.9m 0.13% Added +1.2m +1,182,309
37 STIFEL FINANCIAL CORP 0.51% of their portfolio ST. LOUIS, MO 8,084,1408.1m $373.3m $373.3m 0.51% Reduced -595.1k -595,056
38 PNC Financial Services Group, Inc. 0.32% of their portfolio Pittsburgh, PA 8,051,5548.1m $371.8m $371.8m 0.32% Reduced -149.3k -149,293
39 Wealthspire Advisors, LLC 6.02% of their portfolio NEW YORK, NY 7,981,8888.0m $368.6m $368.6m 6.02% Added +149.0k +149,004
40 HighTower Advisors, LLC 0.71% of their portfolio CHICAGO, IL 7,811,5927.8m $360.7m $360.7m 0.71% Added +1.5m +1,534,995
41 Jasper Ridge Partners, L.P. 17.53% of their portfolio MENLO PARK, CA 7,544,2987.5m $348.4m $348.4m 17.53% Reduced -2.1m -2,059,256
42 SCS Capital Management LLC 8.08% of their portfolio BOSTON, MA 7,120,2447.1m $328.8m $328.8m 8.08% Added +166.0k +166,048
43 J.P. Morgan Private Wealth Advisors LLC 1.68% of their portfolio SAN FRANCISCO, CA 7,019,9817.0m $324.2m $324.2m 1.68% Reduced -1.0m -1,038,767
44 CITIGROUP INC 0.41% of their portfolio NEW YORK, NY 6,898,5396.9m $318.6m $318.6m 0.41% Added +484.0k +483,978
45 M&T Bank Corp 1.17% of their portfolio BUFFALO, NY 6,767,3106.8m $312.5m $312.5m 1.17% Reduced -235.3k -235,325
46 Facet Wealth, Inc. 15.16% of their portfolio WEST PALM BEACH, FL 6,452,4656.5m $298.0m $298.0m 15.16% Added +791.6k +791,601
47 VICTORY CAPITAL MANAGEMENT INC 0.31% of their portfolio San Antonio, TX 6,049,7496.0m $279.4m $279.4m 0.31% Added +549.6k +549,599
48 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.16% of their portfolio Toronto, A6 6,046,6166.0m $279.2m $279.2m 0.16% Added +502.1k +502,149
49 Corient Private Wealth LP 0.63% of their portfolio MIAMI, FL 5,916,6645.9m $273.2m $273.2m 0.63% Added +19.3k +19,295
50 CIBC Private Wealth Group LLC 0.29% of their portfolio ATLANTA, GA 5,834,5125.8m $269.4m $269.4m 0.29% Added +128.9k +128,910
51 Modera Wealth Management, LLC 4.87% of their portfolio WESTWOOD, NJ 5,807,0595.8m $268.2m $268.2m 4.87% Added +5.0m +4,955,891
52 HBK Sorce Advisory LLC 11.17% of their portfolio ERIE, PA 5,711,3475.7m $263.8m $263.8m 11.17% Added +741.2k +741,227
53 Fiduciary Trust Co 4.29% of their portfolio Boston, MA 5,267,7135.3m $243.3m $243.3m 4.29% Reduced -272.2k -272,213
54 Morningstar Investment Services LLC 3.09% of their portfolio CHICAGO, IL 5,261,9635.3m $240.2m $240.2m 3.09% Added +533.1k +533,119
55 Raymond James Financial Services Advisors, Inc. 0.42% of their portfolio ST. PETERSBURG, FL 5,121,9795.1m $236.5m $236.5m 0.42% Added +175.9k +175,936
56 JMG Financial Group, Ltd. 11.04% of their portfolio DOWNERS GROVE, IL 5,100,4805.1m $235.5m $235.5m 11.04% Added +99.1k +99,106
57 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 6.42% of their portfolio MINNEAPOLIS, MN 4,959,4425.0m $229.0m $229.0m 6.42% Added +155.4k +155,443
58 State of Tennessee, Department of Treasury 0.95% of their portfolio NASHVILLE, TN 4,889,8214.9m $225.8m $225.8m 0.95% Reduced -56.7k -56,716
59 REGIONS FINANCIAL CORP 1.94% of their portfolio BIRMINGHAM, AL 4,869,4454.9m $224.9m $224.9m 1.94% Added +143.6k +143,597
60 JANE STREET GROUP, LLC 0.30% of their portfolio NEW YORK, NY 4,790,3204.8m $221.2m $221.2m 0.30% Reduced -7.9m -7,892,380
61 TFO Wealth Partners, LLC 44.78% of their portfolio MAUMEE, OH 4,597,3054.6m $212.3m $212.3m 44.78% Reduced -32.7k -32,659
62 Truepoint, Inc. 6.86% of their portfolio CINCINNATI, OH 4,483,4704.5m $207.0m $207.0m 6.86% Reduced -14.5k -14,488
63 COUNTRY TRUST BANK 5.37% of their portfolio Bloomington, IL 4,295,2194.3m $198.4m $198.4m 5.37% Reduced -204.4k -204,351
64 HUNTINGTON NATIONAL BANK 1.79% of their portfolio COLUMBUS, OH 4,175,4884.2m $192.8m $192.8m 1.79% Added +799.8k +799,819
65 Fisher Asset Management, LLC 0.11% of their portfolio PLANO, TX 4,162,6614.2m $192.2m $192.2m 0.11% Added +167.8k +167,835
66 Ballentine Partners, LLC 4.38% of their portfolio Waltham, MA 4,129,2744.1m $190.7m $190.7m 4.38% Added +317.9k +317,889
67 PATHSTONE FAMILY OFFICE, LLC 2.69% of their portfolio ENGLEWOOD, NJ 4,097,0284.1m $189.2m $189.2m 2.69% Reduced -11.4k -11,408
68 Linscomb Wealth, Inc. 10.02% of their portfolio Houston, TX 4,022,4604.0m $185.8m $185.8m 10.02% Reduced -105.4k -105,380
69 VOYA INVESTMENT MANAGEMENT LLC 0.19% of their portfolio ATLANTA, GA 4,020,2334.0m $185.7m $185.7m 0.19% Added +677.4k +677,378
70 MML INVESTORS SERVICES, LLC 1.02% of their portfolio SPRINGFIELD, MA 4,014,9034.0m $185.4m $185.4m 1.02% Added +506.6k +506,638
71 FIFTH THIRD BANCORP 0.76% of their portfolio CINCINNATI, OH 3,751,9013.8m $173.3m $173.3m 0.76% Reduced -116.2k -116,192
72 Ally Invest Advisors Inc. 19.26% of their portfolio CHARLOTTE, NC 3,651,5293.7m $168.6m $168.6m 19.26% Reduced -39.8k -39,790
73 RAYMOND JAMES & ASSOCIATES 0.14% of their portfolio ST PETERSBURG, FL 3,602,8773.6m $166.4m $166.4m 0.14% Reduced -17.9k -17,860
74 Janney Montgomery Scott LLC 0.58% of their portfolio PHILADELPHIA, PA 3,592,1203.6m $165.9m $165.9m 0.58% Added +63.5k +63,504
75 SOFI WEALTH, LLC 19.79% of their portfolio SAN FRANCISCO, CA 3,472,1843.5m $160.3m $160.3m 19.79% Added +149.0k +149,009
76 Ellevest, Inc. 11.76% of their portfolio NEW YORK, NY 3,386,6903.4m $156.4m $156.4m 11.76% Added +39.7k +39,678
77 D.A. DAVIDSON & CO. 1.64% of their portfolio GREAT FALLS, MT 3,353,4123.4m $154.9m $154.9m 1.64% Added +18.7k +18,686
78 Wilmington Savings Fund Society, FSB 6.40% of their portfolio WILMINGTON, DE 3,324,1663.3m $153.5m $153.5m 6.40% Added +571.0k +571,027
79 LINCOLN NATIONAL CORP 2.99% of their portfolio RADNOR, PA 3,278,7993.3m $151.4m $151.4m 2.99% Added +67.8k +67,827
80 BANK OF HAWAII 8.27% of their portfolio HONOLULU, HI 3,253,1533.3m $150.2m $150.2m 8.27% Reduced -11.4k -11,422
81 TRUIST FINANCIAL CORP 0.24% of their portfolio CHARLOTTE, NC 3,072,9383.1m $141.9m $141.9m 0.24% Reduced -122.8k -122,843
82 Nicholas Hoffman & Company, LLC. 5.50% of their portfolio ATLANTA, GA 3,047,6833.0m $140.7m $140.7m 5.50% Added +622.6k +622,639
83 BLAIR WILLIAM & CO/IL 0.50% of their portfolio CHICAGO, IL 2,946,1802.9m $136.1m $136.1m 0.50% Added +115.3k +115,330
84 FARMERS & MERCHANTS INVESTMENTS INC 4.74% of their portfolio LINCOLN, NE 2,719,6492.7m $125.6m $125.6m 4.74% Added +40.3k +40,297
85 Thrivent Financial for Lutherans 0.28% of their portfolio Minneapolis, MN 2,704,5782.7m $124.3m $124.3m 0.28% Added +558.7k +558,724
86 Cambridge Investment Research Advisors, Inc. 0.57% of their portfolio FAIRFIELD, IA 2,693,4942.7m $124.4m $124.4m 0.57% Added +192.4k +192,374
87 SYNOVUS FINANCIAL CORP 1.31% of their portfolio Columbus, GA 2,592,1072.6m $119.7m $119.7m 1.31% Added +4.1k +4,145
88 ASSETMARK, INC 0.46% of their portfolio CONCORD, CA 2,556,2582.6m $118.0m $118.0m 0.46% Added +5.5k +5,527
89 Allen Investment Management, LLC 1.73% of their portfolio NEW YORK, NY 2,538,2352.5m $117.2m $117.2m 1.73% Reduced -116.4k -116,425
90 CreativeOne Wealth, LLC 2.70% of their portfolio OVERLAND PARK, KS 2,454,8242.5m $108.2m $108.2m 2.70% Added +1.2m +1,169,071
91 Acropolis Investment Management, LLC 8.71% of their portfolio ST. LOUIS, MO 2,404,8352.4m $111.1m $111.1m 8.71% Reduced -12.1k -12,110
92 Foster Group, Inc. 6.50% of their portfolio WEST DES MOINES, IA 2,346,7012.3m $108.4m $108.4m 6.50% Reduced -44.8k -44,816
93 Johnson Financial Group, LLC 14.75% of their portfolio Denver, CO 2,338,3292.3m $108.0m $108.0m 14.75% Added +91.6k +91,572
94 NATIXIS ADVISORS, LLC 0.33% of their portfolio Boston, MA 2,282,3882.3m $105.4m $105.4m 0.33% Reduced -1.7m -1,711,287
95 Freestone Capital Holdings, LLC 4.18% of their portfolio Seattle, WA 2,236,8052.2m $103.3m $103.3m 4.18% Added +100.9k +100,921
96 LAKE STREET ADVISORS GROUP, LLC 5.65% of their portfolio PORTSMOUTH, NH 2,217,2022.2m $102.4m $102.4m 5.65% Reduced -75.9k -75,912
97 MAI Capital Management 1.51% of their portfolio INDEPENDENCE, OH 2,209,2972.2m $102.0m $102.0m 1.51% Added +144.4k +144,398
98 TIFF ADVISORY SERVICES, LLC 23.97% of their portfolio RADNOR, PA 2,188,1952.2m $101.1m $101.1m 23.97% New
99 Rockefeller Capital Management L.P. 0.39% of their portfolio NEW YORK, NY 2,178,0662.2m $99.6m $99.6m 0.39% First filing
100 TECTONIC ADVISORS LLC 12.29% of their portfolio FRISCO, TX 2,161,3082.2m $99.8m $99.8m 12.29% Added +104.2k +104,164