Vault-13

VANGUARD WHITEHALL FDS VYM

HIGH DIV YLD · ETP · CUSIP 921946406

1,450 institutional holders -10 vs Q2 2023
173,548,018173.5m shares reported held*
$17.8bnreported value*
66 new 541 added 576 reduced 79 sold out net bought ≈ $763.8m (+7.3m 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 ($35.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $102.64. Options: 8 managers hold calls ($202.5m notional), 6 hold puts ($28.4m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,327Q4 22: 1,470Q1 23: 1,441Q2 23: 1,460Q3 23: 1,4501,450Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 20221,327
Q4 20221,470
Q1 20231,441
Q2 20231,460
Q3 20231,450

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 768 bought or addedQ4 22: 453 cut or sold outQ4 22Q1 23: 678 bought or addedQ1 23: 576 cut or sold outQ1 23Q2 23: 649 bought or addedQ2 23: 631 cut or sold outQ2 23Q3 23: 607 bought or addedQ3 23: 655 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022768453
Q1 2023678576
Q2 2023649631
Q3 2023607655

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ4 22 calls: $193.8mQ4 22 puts: $28.3mQ4 22P/C 0.15Q1 23 calls: $190.0mQ1 23 puts: $14.0mQ1 23P/C 0.07Q2 23 calls: $201.8mQ2 23 puts: $28.1mQ2 23P/C 0.14Q3 23 calls: $202.5mQ3 23 puts: $28.4mQ3 23P/C 0.14
Numbers
QuarterCallsPutsP/C
Q4 2022$193.8m$28.3m0.15
Q1 2023$190.0m$14.0m0.07
Q2 2023$201.8m$28.1m0.14
Q3 2023$202.5m$28.4m0.14

Biggest buyers

SUMITOMO LIFE INSURANCE CO Added +8,298,820+8.3m
PATHSTONE FAMILY OFFICE, LLC Added +1,420,593+1.4m
FIDUCIENT ADVISORS LLC Added +524,901+524.9k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +369,794+369.8k
LPL Financial LLC Added +298,137+298.1k
Wharton Business Group, LLC Added +267,796+267.8k
Wolff Financial Management LLC New +198,830+198.8k
COMERICA BANK New +177,951+178.0k
UBS Group AG Added +145,946+145.9k
MERCER GLOBAL ADVISORS INC /ADV Added +141,127+141.1k

Biggest sellers

Veritable, L.P. Sold out -1,412,958-1.4m
BANK OF AMERICA CORP /DE/ Reduced -909,316-909.3k
AMERIPRISE FINANCIAL INC Reduced -770,282-770.3k
Arlington Partners LLC Reduced -311,216-311.2k
WELLS FARGO & COMPANY/MN Reduced -171,085-171.1k
DAGCO, INC. Reduced -149,612-149.6k
Forum Private Client Group LLC Sold out -148,562-148.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -138,119-138.1k
Baird Financial Group, Inc. Reduced -121,459-121.5k
Asset Allocation & Management Company, LLC Reduced -120,641-120.6k

Biggest calls

JANE STREET GROUP, LLC Added $113.1m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $59.6m576.6k shares
CITADEL ADVISORS LLC Reduced $20.6m198.9k shares
WOLVERINE TRADING, LLC Added $8.0m77.9k shares
GROUP ONE TRADING LLC Reduced $1.2m11.4k shares
Cutler Group LLC / CA Added $21.0k30.9k shares
Walleye Trading LLC Unchanged $10.3k100 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $22.4m217.2k shares
CITADEL ADVISORS LLC Added $2.8m27.0k shares
WOLVERINE TRADING, LLC Added $2.5m24.6k shares
WELLS FARGO & COMPANY/MN Added $382.3k3.7k shares
RAYMOND JAMES & ASSOCIATES Unchanged $250.0k2.5k shares
Cutler Group LLC / CA Added $8.0k6.8k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SUMITOMO LIFE INSURANCE CO 55.37% of their portfolio TOKYO, M0 18,483,32218.5m $2.0bn $2.0bn 55.37% Added +8.3m +8,298,820
2 BANK OF AMERICA CORP /DE/ 0.14% of their portfolio CHARLOTTE, NC 10,869,12310.9m $1.1bn $1.1bn 0.14% Reduced -909.3k -909,316
3 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 9,443,9129.4m $975.7m $975.7m 0.10% Added +20.7k +20,686
4 LPL Financial LLC 0.37% of their portfolio FORT MILL, SC 5,152,2055.2m $532.3m $532.3m 0.37% Added +298.1k +298,137
5 ENVESTNET ASSET MANAGEMENT INC 0.22% of their portfolio Berwyn, PA 4,697,9714.7m $485.4m $485.4m 0.22% Reduced -138.1k -138,119
6 WELLS FARGO & COMPANY/MN 0.14% of their portfolio SAN FRANCISCO, CA 4,314,2974.3m $445.8m $445.8m 0.14% Reduced -171.1k -171,085
7 Creative Planning 0.54% of their portfolio OVERLAND PARK, KS 3,947,3703.9m $407.8m $407.8m 0.54% Reduced -11.5k -11,514
8 Raymond James Financial Services Advisors, Inc. 0.74% of their portfolio ST. PETERSBURG, FL 3,943,9483.9m $407.5m $407.5m 0.74% Added +84.4k +84,421
9 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 3,602,1603.6m $370.7m $370.7m 0.12% Reduced -770.3k -770,282
10 RAYMOND JAMES & ASSOCIATES 0.30% of their portfolio ST PETERSBURG, FL 3,432,5413.4m $354.7m $354.7m 0.30% Reduced -17.7k -17,674
11 UBS Group AG 0.15% of their portfolio ZURICH, V8 3,248,3653.2m $335.6m $335.6m 0.15% Added +145.9k +145,946
12 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,221,0643.2m $332.8m $332.8m 0.01% Added +1.1k +1,052
13 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 2,830,5552.8m $292.5m $292.5m 0.07% Added +45.2k +45,156
14 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 2,270,8312.3m $234.6m $234.6m 0.07% Added +82.3k +82,283
15 Meiji Yasuda Life Insurance Co 6.16% of their portfolio TOKYO, M0 2,246,0672.2m $232.1m $232.1m 6.16% Unchanged
16 COMMONWEALTH EQUITY SERVICES, LLC 0.46% of their portfolio WALTHAM, MA 2,129,2402.1m $220.0m $220.0m 0.46% Added +5.0k +5,001
17 Wellspring Financial Advisors, LLC 2.50% of their portfolio CLEVELAND, OH 1,843,9341.8m $8.5m $8.5m 2.50% Reduced -33 -33
18 Janney Montgomery Scott LLC 0.67% of their portfolio PHILADELPHIA, PA 1,730,2731.7m $178.8m $178.8m 0.67% Added +44.5k +44,451
19 MERCER GLOBAL ADVISORS INC /ADV 0.66% of their portfolio DENVER, CO 1,669,9401.7m $172.5m $172.5m 0.66% Added +141.1k +141,127
20 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.10% of their portfolio Toronto, A6 1,626,2051.6m $168.0m $168.0m 0.10% Added +72.9k +72,942
21 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,606,9001.6m $166.0m $166.0m 0.02% Reduced -72.6k -72,582
22 Edge Capital Group, LLC 10.42% of their portfolio ATLANTA, GA 1,554,8461.6m $160.6m $160.6m 10.42% Added +20.1k +20,092
23 PATHSTONE FAMILY OFFICE, LLC 1.21% of their portfolio ENGLEWOOD, NJ 1,502,3451.5m $155.2m $155.2m 1.21% Added +1.4m +1,420,593
24 OSAIC HOLDINGS, INC. 0.22% of their portfolio SCOTTSDALE, AZ 1,463,1311.5m $151.2m $151.2m 0.22% Reduced -15.4k -15,379
25 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 1,318,5951.3m $136.2m $136.2m 0.19% Added +20.3k +20,274
26 TRUIST FINANCIAL CORP 0.20% of their portfolio CHARLOTTE, NC 1,168,8041.2m $120.8m $120.8m 0.20% Reduced -96.7k -96,740
27 Cetera Advisor Networks LLC 0.75% of their portfolio EL SEGUNDO, CA 1,152,4081.2m $119.1m $119.1m 0.75% Added +54.1k +54,112
28 JONES FINANCIAL COMPANIES LLLP 0.19% of their portfolio DES PERES, MO 1,094,1281.1m $113.0m $113.0m 0.19% Reduced -20.1k -20,053
29 PNC Financial Services Group, Inc. 0.09% of their portfolio Pittsburgh, PA 1,036,7421.0m $107.1m $107.1m 0.09% Added +13.8k +13,765
30 Kestra Advisory Services, LLC 0.96% of their portfolio AUSTIN, TX 940,762940.8k $97.2m $97.2m 0.96% Added +70.5k +70,512
31 HighTower Advisors, LLC 0.18% of their portfolio CHICAGO, IL 915,770915.8k $94.6m $94.6m 0.18% Added +130.7k +130,680
32 Rakuten Investment Management, Inc. 0.96% of their portfolio TOKYO, M0 893,798893.8k $92.8m $92.8m 0.96% Added +10.0k +10,000
33 Charles Schwab Investment Advisory, Inc. 0.15% of their portfolio SAN FRANCISCO, CA 890,057890.1k $92.0m $92.0m 0.15% Added +1.0k +1,013
34 Cambridge Investment Research Advisors, Inc. 0.41% of their portfolio FAIRFIELD, IA 855,783855.8k $88.4m $88.4m 0.41% Reduced -3.8k -3,764
35 Joel Isaacson & Co., LLC 5.81% of their portfolio NEW YORK, NY 821,912821.9k $84.9m $84.9m 5.81% Added +6.1k +6,069
36 J.P. Morgan Private Wealth Advisors LLC 0.22% of their portfolio SAN FRANCISCO, CA 742,436742.4k $76.7m $76.7m 0.22% Reduced -44.0k -43,968
37 Wharton Business Group, LLC 4.22% of their portfolio MALVERN, PA 735,464735.5k $76.0m $76.0m 4.22% Added +267.8k +267,796
38 Auto-Owners Insurance Co 2.50% of their portfolio LANSING, MI 724,200724.2k $74.8m $74.8m 2.50% Unchanged
39 Allworth Financial LP 0.61% of their portfolio FOLSOM, CA 693,561693.6k $71.7m $71.7m 0.61% Added +47.5k +47,454
40 CAPTRUST FINANCIAL ADVISORS 0.27% of their portfolio RALEIGH, NC 678,020678.0k $70.1m $70.1m 0.27% Added +30.1k +30,071
41 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 640,219640.2k $69.1m $69.1m 0.03% Reduced -25.5k -25,479
42 Bell Bank 7.18% of their portfolio FARGO, ND 634,810634.8k $65.6m $65.6m 7.18% Reduced -468 -468
43 Martel Wealth Advisors LLC 15.73% of their portfolio VANCOUVER, WA 611,944611.9k $63.2m $63.2m 15.73% Added +22.1k +22,088
44 D.A. DAVIDSON & CO. 0.68% of their portfolio GREAT FALLS, MT 606,021606.0k $62.6m $62.6m 0.68% Reduced -7.3k -7,303
45 Baird Financial Group, Inc. 0.17% of their portfolio MILWAUKEE, WI 594,178594.2k $61.4m $61.4m 0.17% Reduced -121.5k -121,459
46 MML INVESTORS SERVICES, LLC 0.33% of their portfolio SPRINGFIELD, MA 584,774584.8k $60.4m $60.4m 0.33% Added +1.4k +1,355
47 Operose Advisors LLC 22.75% of their portfolio MILWAUKEE, WI 555,959556.0k $57.4m $57.4m 22.75% Added +1.6k +1,628
48 Performance Wealth Partners, LLC 2.78% of their portfolio HINSDALE, IL 554,421554.4k $57.3m $57.3m 2.78% Added +9.5k +9,464
49 ASSETMARK, INC 0.22% of their portfolio CONCORD, CA 532,916532.9k $55.1m $55.1m 0.22% Reduced -15.4k -15,386
50 FIDUCIENT ADVISORS LLC 3.09% of their portfolio Chicago, IL 530,031530.0k $54.8m $54.8m 3.09% Added +524.9k +524,901
51 Mariner, LLC 0.15% of their portfolio Overland Park, KS 523,724523.7k $54.1m $54.1m 0.15% Added +24.5k +24,525
52 MARINO, STRAM & ASSOCIATES LLC 15.21% of their portfolio BRAINTREE, MA 502,498502.5k $51.9m $51.9m 15.21% Added +5.7k +5,724
53 Northeast Financial Consultants Inc 3.21% of their portfolio WESTPORT, CT 495,669495.7k $51.2m $51.2m 3.21% Reduced -10.5k -10,481
54 PINNACLE ASSOCIATES LTD 0.94% of their portfolio NEW YORK, NY 489,796489.8k $50.6m $50.6m 0.94% Added +4.7k +4,730
55 BANK OF HAWAII 2.83% of their portfolio HONOLULU, HI 476,392476.4k $49.2m $49.2m 2.83% Reduced -5.5k -5,522
56 AE Wealth Management LLC 0.29% of their portfolio TOPEKA, KS 464,003464.0k $47.9m $47.9m 0.29% Reduced -51.4k -51,432
57 HCR Wealth Advisors 9.90% of their portfolio LOS ANGELES, CA 436,863436.9k $45.1m $45.1m 9.90% Reduced -33.3k -33,349
58 Equitable Holdings, Inc. 0.62% of their portfolio NEW YORK, NY 419,139419.1k $43.3m $43.3m 0.62% Added +23.1k +23,095
59 Waldron Private Wealth LLC 2.17% of their portfolio BRIDGEVILLE, PA 405,058405.1k $41.9m $41.9m 2.17% Reduced -18.1k -18,094
60 State of Wisconsin - Board of Commissioners of Public Lands 9.93% of their portfolio MADISON, WI 398,397398.4k $41.2m $41.2m 9.93% Unchanged
61 Cerity Partners LLC 0.20% of their portfolio NEW YORK, NY 395,342395.3k $40.8m $40.8m 0.20% Reduced -68.2k -68,159
62 MONETA GROUP INVESTMENT ADVISORS LLC 0.91% of their portfolio ST LOUIS, MO 387,085387.1k $40.0m $40.0m 0.91% Reduced -1.7k -1,681
63 Stratos Wealth Partners, LTD. 0.85% of their portfolio BEACHWOOD, OH 383,096383.1k $39.6m $39.6m 0.85% Added +44.3k +44,298
64 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 381,139381.1k $39.4m $39.4m 0.13% Added +369.8k +369,794
65 INSPIRION WEALTH ADVISORS, LLC 7.67% of their portfolio LIBERTYVILLE, IL 380,732380.7k $39.3m $39.3m 7.67% Added +9.8k +9,844
66 One Day In July LLC 6.97% of their portfolio BURLINGTON, VT 379,248379.2k $39.2m $39.2m 6.97% Added +25.1k +25,106
67 White Lighthouse Investment Management Inc. 9.36% of their portfolio BEDFORD, MA 372,992373.0k $38.5m $38.5m 9.36% Added +4.7k +4,685
68 Private Advisor Group, LLC 0.34% of their portfolio MORRISTOWN, NJ 371,633371.6k $38.4m $38.4m 0.34% Reduced -327 -327
69 Steward Partners Investment Advisory, LLC 0.57% of their portfolio STAMFORD, CT 361,538361.5k $37.4m $37.4m 0.57% Added +1.1k +1,068
70 Kinsale Capital Group, Inc. 21.14% of their portfolio Richmond, VA 360,560360.6k $37.3m $37.3m 21.14% Unchanged
71 M&T Bank Corp 0.15% of their portfolio BUFFALO, NY 354,153354.2k $36.6m $36.6m 0.15% Added +5.3k +5,277
72 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 352,183352.2k $36.4m $36.4m 0.06% Added +1.7k +1,683
73 Beacon Pointe Advisors, LLC 0.43% of their portfolio NEWPORT BEACH, CA 333,094333.1k $34.4m $34.4m 0.43% Added +138.2k +138,150
74 Smithfield Trust Co 2.08% of their portfolio PITTSBURGH, PA 327,630327.6k $33.8m $33.8m 2.08% Added +21.8k +21,841
75 Sabal Trust CO 2.13% of their portfolio ST. PETERSBURG, FL 308,544308.5k $31.9m $31.9m 2.13% Added +6.4k +6,447
76 Cetera Advisors LLC 0.50% of their portfolio DENVER, CO 308,140308.1k $31.8m $31.8m 0.50% Reduced -13.9k -13,881
77 BEACON FINANCIAL GROUP 4.67% of their portfolio DALLAS, TX 305,580305.6k $32.9m $32.9m 4.67% Reduced -751 -751
78 Twele Capital Management, Inc. 5.37% of their portfolio MINNETONKA, MN 302,897302.9k $31.3m $31.3m 5.37% Reduced -604 -604
79 Opus Capital Group, LLC 5.54% of their portfolio CINCINNATI, OH 302,138302.1k $31.2m $31.2m 5.54% Reduced -620 -620
80 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 302,008302.0k $31.2m $31.2m 0.07% Reduced -61.6k -61,587
81 Atria Wealth Solutions, Inc. 0.44% of their portfolio NEW YORK, NY 301,239301.2k $31.1m $31.1m 0.44% Added +16.6k +16,645
82 KEYBANK NATIONAL ASSOCIATION/OH 0.14% of their portfolio BROOKLYN, OH 285,850285.9k $29.5m $29.5m 0.14% Reduced -17.3k -17,304
83 Conservest Capital Advisors, Inc. 3.48% of their portfolio WYNNEWOOD, PA 279,375279.4k $28.9m $28.9m 3.48% Added +1.8k +1,818
84 Cetera Investment Advisers 0.25% of their portfolio SCHAUMBURG, IL 275,690275.7k $28.5m $28.5m 0.25% Reduced -12.5k -12,494
85 MBM WEALTH CONSULTANTS, LLC 12.18% of their portfolio CHESTERFIELD, MO 273,324273.3k $28.0m $28.0m 12.18% Added +12.4k +12,437
86 Pinnacle Wealth Management Advisory Group, LLC 3.57% of their portfolio RED BANK, NJ 266,855266.9k $27.6m $27.6m 3.57% Added +2.7k +2,721
87 Cornerstone Advisory, LLC 4.82% of their portfolio HUNT VALLEY, MD 266,596266.6k $27.5m $27.5m 4.82% Added +1.4k +1,414
88 Round Rock Advisors LLC 10.32% of their portfolio WILTON, CT 263,153263.2k $27.2m $27.2m 10.32% Added +545 +545
89 Benchmark Wealth Management, LLC 17.23% of their portfolio OLD LYME, CT 261,172261.2k $27.0m $27.0m 17.23% Reduced -809 -809
90 CoreCap Advisors, LLC 1.89% of their portfolio SOUTHFIELD, MI 253,796253.8k $26.2m $26.2m 1.89% Added +22.8k +22,779
91 CAPITAL ADVISORS INC/OK 0.68% of their portfolio TULSA, OK 252,274252.3k $26.1m $26.1m 0.68% Reduced -112.5k -112,481
92 CVS HEALTH Corp 13.92% of their portfolio WOONSOCKET, RI 252,032252.0k $26.0m $26.0m 13.92% Unchanged
93 Envestnet Portfolio Solutions, Inc. 0.12% of their portfolio BERWYN, PA 249,826249.8k $25.8m $25.8m 0.12% First filing
94 Lido Advisors, LLC 0.29% of their portfolio Los Angeles, CA 249,311249.3k $25.8m $25.8m 0.29% Reduced -22.5k -22,539
95 Heartwood Wealth Advisors LLC 3.79% of their portfolio RICHMOND, VA 248,900248.9k $25.7m $25.7m 3.79% Added +2.3k +2,333
96 UNITED SERVICES AUTOMOBILE ASSOCIATION 0.64% of their portfolio SAN ANTONIO, TX 246,543246.5k $25.5m $25.5m 0.64% Reduced -6.7k -6,711
97 REBALANCE, LLC 2.47% of their portfolio PALO ALTO, CA 245,571245.6k $25.4m $25.4m 2.47% Reduced -3.2k -3,202
98 WASHINGTON TRUST Co 1.10% of their portfolio WESTERLY, RI 242,913242.9k $25.1m $25.1m 1.10% Reduced -4.9k -4,887
99 AVANTAX ADVISORY SERVICES, INC. 0.28% of their portfolio DALLAS, TX 242,598242.6k $25.1m $25.1m 0.28% Reduced -4.0k -3,978
100 Salomon & Ludwin, LLC 2.59% of their portfolio RICHMOND, VA 241,219241.2k $24.8m $24.8m 2.59% Reduced -1.9k -1,893