Vault-13

VANGUARD WHITEHALL FDS VYM

HIGH DIV YLD · ETP · CUSIP 921946406

1,607 institutional holders +31 vs Q4 2023
191,506,299191.5m shares reported held*
$22.7bnreported value*
103 new 569 added 644 reduced 79 sold out net bought ≈ $912.8m (+6.9m 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 ($21.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $118.68. Options: 9 managers hold calls ($217.6m notional), 10 hold puts ($54.5m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,327Q4 22: 1,470Q1 23: 1,441Q2 23: 1,460Q3 23: 1,450Q4 23: 1,576Q1 24: 1,6071,607Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20221,327
Q4 20221,470
Q1 20231,441
Q2 20231,460
Q3 20231,450
Q4 20231,576
Q1 20241,607

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 23Q4 23: 630 bought or addedQ4 23: 681 cut or sold outQ4 23Q1 24: 672 bought or addedQ1 24: 723 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022768453
Q1 2023678576
Q2 2023649631
Q3 2023607655
Q4 2023630681
Q1 2024672723

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 23 calls: $201.8mQ2 23 puts: $28.1mQ2 23P/C 0.14Q3 23 calls: $202.5mQ3 23 puts: $28.4mQ3 23P/C 0.14Q4 23 calls: $144.2mQ4 23 puts: $34.2mQ4 23P/C 0.24Q1 24 calls: $217.6mQ1 24 puts: $54.5mQ1 24P/C 0.25
Numbers
QuarterCallsPutsP/C
Q2 2023$201.8m$28.1m0.14
Q3 2023$202.5m$28.4m0.14
Q4 2023$144.2m$34.2m0.24
Q1 2024$217.6m$54.5m0.25

Biggest buyers

MORGAN STANLEY Added +10,324,322+10.3m
Cetera Investment Advisers Added +1,355,103+1.4m
Wellspring Financial Advisors, LLC Added +248,559+248.6k
MERCER GLOBAL ADVISORS INC /ADV Added +219,057+219.1k
EXECUTIVE WEALTH GROUP LLC Added +194,672+194.7k
WELLS FARGO & COMPANY/MN Added +192,363+192.4k
DAGCO, INC. New +154,320+154.3k
Stratos Wealth Partners, LTD. Added +139,217+139.2k
Merit Financial Group, LLC Added +132,761+132.8k
TOWNSQUARE CAPITAL LLC Added +128,479+128.5k

Biggest sellers

Cetera Advisor Networks LLC Sold out -1,032,581-1.0m
Meiji Yasuda Life Insurance Co Reduced -875,300-875.3k
BKM Wealth Management, LLC Sold out -586,834-586.8k
STIFEL FINANCIAL CORP Reduced -385,746-385.7k
Arlington Partners LLC Sold out -362,097-362.1k
UBS Group AG Reduced -310,815-310.8k
Cetera Advisors LLC Sold out -303,110-303.1k
AE Wealth Management LLC Reduced -293,274-293.3k
Performance Wealth Partners, LLC Reduced -270,989-271.0k
CoreCap Advisors, LLC Reduced -236,485-236.5k

Biggest calls

CITADEL ADVISORS LLC Added $127.3m1.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $80.1m661.7k shares
WOLVERINE TRADING, LLC New $5.3m43.5k shares
JANE STREET GROUP, LLC Reduced $2.8m23.3k shares
GROUP ONE TRADING LLC Added $1.5m12.7k shares
Walleye Trading LLC Added $556.6k4.6k shares
Twin Tree Management, LP Added $48.4k400 shares
Cutler Group LLC / CA Reduced $11.0k1.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

OAK HILL WEALTH ADVISORS, LLC New $22.5m186.1k shares
Annandale Capital, LLC Unchanged $10.5m100.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.1m83.7k shares
CITADEL ADVISORS LLC Added $6.9m57.2k shares
WOLVERINE TRADING, LLC New $2.9m23.6k shares
Curated Wealth Partners LLC New $678.7k5.6k shares
WELLS FARGO & COMPANY/MN Unchanged $459.8k3.8k shares
BANK OF AMERICA CORP /DE/ New $302.5k2.5k shares
Walleye Trading LLC Added $96.8k800 shares
Cutler Group LLC / CA Reduced $0700 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 28,634,14228.6m $3.5bn $3.5bn 0.09% Added +10.3m +10,324,322
2 SUMITOMO LIFE INSURANCE CO 41.81% of their portfolio TOKYO, M0 15,133,32215.1m $1.6bn $1.6bn 41.81% Unchanged
3 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 10,962,79311.0m $1.3bn $1.3bn 0.13% Reduced -228.3k -228,317
4 LPL Financial LLC 0.32% of their portfolio FORT MILL, SC 4,995,0985.0m $604.4m $604.4m 0.32% Reduced -40.1k -40,076
5 ENVESTNET ASSET MANAGEMENT INC 0.22% of their portfolio Berwyn, PA 4,940,8164.9m $597.8m $597.8m 0.22% Added +56.0k +56,024
6 WELLS FARGO & COMPANY/MN 0.15% of their portfolio SAN FRANCISCO, CA 4,602,0824.6m $556.8m $556.8m 0.15% Added +192.4k +192,363
7 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 4,426,0224.4m $535.5m $535.5m 0.02% Reduced -49.7k -49,668
8 Raymond James Financial Services Advisors, Inc. 0.73% of their portfolio ST. PETERSBURG, FL 4,047,8244.0m $489.7m $489.7m 0.73% Reduced -11.4k -11,396
9 Creative Planning 0.50% of their portfolio OVERLAND PARK, KS 3,753,6853.8m $454.2m $454.2m 0.50% Reduced -90.3k -90,295
10 RAYMOND JAMES & ASSOCIATES 0.28% of their portfolio ST PETERSBURG, FL 3,383,0103.4m $409.3m $409.3m 0.28% Reduced -23.7k -23,691
11 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,246,4473.2m $392.8m $392.8m 0.01% Added +16.0k +16,021
12 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 3,226,9533.2m $390.6m $390.6m 0.11% Reduced -204.9k -204,923
13 UBS Group AG 0.12% of their portfolio ZURICH, V8 3,106,8713.1m $375.9m $375.9m 0.12% Reduced -310.8k -310,815
14 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 2,508,5402.5m $303.5m $303.5m 0.07% Added +3.9k +3,911
15 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 2,108,3032.1m $255.1m $255.1m 0.05% Reduced -66.4k -66,370
16 Wellspring Financial Advisors, LLC 6.47% of their portfolio CLEVELAND, OH 2,102,1162.1m $40.9m $40.9m 6.47% Added +248.6k +248,559
17 MERCER GLOBAL ADVISORS INC /ADV 0.71% of their portfolio DENVER, CO 2,073,6722.1m $250.9m $250.9m 0.71% Added +219.1k +219,057
18 COMMONWEALTH EQUITY SERVICES, LLC 0.40% of their portfolio WALTHAM, MA 1,998,0212.0m $241.7m $241.7m 0.40% Reduced -104.6k -104,571
19 Janney Montgomery Scott LLC 0.66% of their portfolio PHILADELPHIA, PA 1,838,1771.8m $222.4m $222.4m 0.66% Added +10.7k +10,708
20 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.19% of their portfolio Toronto, A6 1,737,2721.7m $210.2m $210.2m 0.19% Added +73.9k +73,878
21 Edge Capital Group, LLC 9.67% of their portfolio ATLANTA, GA 1,606,7071.6m $194.4m $194.4m 9.67% Added +53.6k +53,644
22 Cetera Investment Advisers 0.45% of their portfolio SCHAUMBURG, IL 1,588,9021.6m $192.2m $192.2m 0.45% Added +1.4m +1,355,103
23 Pathstone Holdings, LLC 0.85% of their portfolio ENGLEWOOD, NJ 1,496,7751.5m $181.1m $181.1m 0.85% Added +19.7k +19,680
24 Meiji Yasuda Life Insurance Co 3.51% of their portfolio TOKYO, M0 1,370,7671.4m $165.8m $165.8m 3.51% Reduced -875.3k -875,300
25 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 1,293,6101.3m $156.5m $156.5m 0.18% Reduced -385.7k -385,746
26 JONES FINANCIAL COMPANIES LLLP 0.17% of their portfolio DES PERES, MO 1,053,7131.1m $127.5m $127.5m 0.17% Reduced -11.0k -11,030
27 TRUIST FINANCIAL CORP 0.18% of their portfolio CHARLOTTE, NC 1,008,0011.0m $122.0m $122.0m 0.18% Reduced -11.9k -11,923
28 OSAIC HOLDINGS, INC. 0.27% of their portfolio SCOTTSDALE, AZ 1,002,0081.0m $121.3m $121.3m 0.27% Reduced -133.4k -133,380
29 PNC Financial Services Group, Inc. 0.08% of their portfolio Pittsburgh, PA 1,000,8361.0m $121.1m $121.1m 0.08% Reduced -12.9k -12,906
30 Kestra Advisory Services, LLC 0.76% of their portfolio AUSTIN, TX 937,708937.7k $113.5m $113.5m 0.76% Added +28.9k +28,917
31 Rakuten Investment Management, Inc. 0.82% of their portfolio TOKYO, M0 928,554928.6k $112.3m $112.3m 0.82% Added +24.3k +24,256
32 Joel Isaacson & Co., LLC 5.68% of their portfolio NEW YORK, NY 855,959856.0k $103.6m $103.6m 5.68% Added +29.4k +29,354
33 Charles Schwab Investment Advisory, Inc. 0.14% of their portfolio SAN FRANCISCO, CA 816,936816.9k $98.8m $98.8m 0.14% Reduced -77.5k -77,488
34 HighTower Advisors, LLC 0.15% of their portfolio CHICAGO, IL 773,050773.0k $93.4m $93.4m 0.15% Reduced -18.6k -18,599
35 Cambridge Investment Research Advisors, Inc. 0.36% of their portfolio FAIRFIELD, IA 770,990771.0k $93.3m $93.3m 0.36% Reduced -19.9k -19,882
36 Florida Trust Wealth Management Co 3.16% of their portfolio SANIBEL, FL 766,882766.9k $92.8m $92.8m 3.16% Reduced -105.6k -105,600
37 Wharton Business Group, LLC 4.33% of their portfolio MALVERN, PA 744,491744.5k $90.1m $90.1m 4.33% Reduced -28.5k -28,496
38 Auto-Owners Insurance Co 2.32% of their portfolio LANSING, MI 724,200724.2k $87.6m $87.6m 2.32% Unchanged
39 Bell Bank 6.97% of their portfolio FARGO, ND 669,729669.7k $81.0m $81.0m 6.97% Added +15.6k +15,608
40 Allworth Financial LP 0.57% of their portfolio FOLSOM, CA 666,513666.5k $80.6m $80.6m 0.57% Reduced -2.8k -2,812
41 CAPTRUST FINANCIAL ADVISORS 0.29% of their portfolio RALEIGH, NC 656,628656.6k $79.4m $79.4m 0.29% Reduced -17.3k -17,281
42 Martel Wealth Advisors LLC 16.80% of their portfolio VANCOUVER, WA 640,342640.3k $77.5m $77.5m 16.80% Added +11.5k +11,543
43 D.A. DAVIDSON & CO. 0.69% of their portfolio GREAT FALLS, MT 629,985630.0k $76.2m $76.2m 0.69% Added +11.9k +11,906
44 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 599,532599.5k $72.3m $72.3m 0.02% Added +17.8k +17,789
45 ASSETMARK, INC 0.23% of their portfolio CONCORD, CA 582,853582.9k $70.5m $70.5m 0.23% Added +15.0k +15,024
46 Mesirow Financial Investment Management, Inc. 1.51% of their portfolio CHICAGO, IL 549,543549.5k $66.5m $66.5m 1.51% Added +27.0k +26,951
47 HCR Wealth Advisors 10.05% of their portfolio LOS ANGELES, CA 547,872547.9k $66.3m $66.3m 10.05% Reduced -8.9k -8,927
48 Stratos Wealth Partners, LTD. 1.09% of their portfolio BEACHWOOD, OH 544,949544.9k $65.9m $65.9m 1.09% Added +139.2k +139,217
49 MARINO, STRAM & ASSOCIATES LLC 14.94% of their portfolio BRAINTREE, MA 521,649521.6k $63.1m $63.1m 14.94% Added +8.4k +8,382
50 Baird Financial Group, Inc. 0.13% of their portfolio MILWAUKEE, WI 515,268515.3k $62.3m $62.3m 0.13% Reduced -40.5k -40,476
51 Operose Advisors LLC 20.39% of their portfolio MILWAUKEE, WI 498,876498.9k $60.4m $60.4m 20.39% Reduced -13.8k -13,793
52 PINNACLE ASSOCIATES LTD 0.94% of their portfolio NEW YORK, NY 495,079495.1k $59.9m $59.9m 0.94% Added +357 +357
53 Northeast Financial Consultants Inc 2.90% of their portfolio WESTPORT, CT 488,829488.8k $59.1m $59.1m 2.90% Reduced -4.7k -4,704
54 MML INVESTORS SERVICES, LLC 0.24% of their portfolio SPRINGFIELD, MA 485,977486.0k $58.8m $58.8m 0.24% Reduced -118.8k -118,816
55 BANK OF HAWAII 2.81% of their portfolio HONOLULU, HI 477,765477.8k $57.8m $57.8m 2.81% Added +1.9k +1,938
56 Mariner, LLC 0.12% of their portfolio Overland Park, KS 473,010473.0k $57.2m $57.2m 0.12% Reduced -59.3k -59,283
57 Cerity Partners LLC 0.15% of their portfolio NEW YORK, NY 464,279464.3k $55.6m $55.6m 0.15% Reduced -60.6k -60,630
58 Arlington Trust Co LLC 14.24% of their portfolio BIRMINGHAM, AL 458,092458.1k $55.4m $55.4m 14.24% Added +1.8k +1,818
59 One Day In July LLC 7.25% of their portfolio BURLINGTON, VT 451,470451.5k $54.6m $54.6m 7.25% Added +49.0k +49,017
60 Equitable Holdings, Inc. 0.61% of their portfolio NEW YORK, NY 449,868449.9k $54.4m $54.4m 0.61% Reduced -5.0k -4,979
61 Private Advisor Group, LLC 0.36% of their portfolio MORRISTOWN, NJ 419,338419.3k $50.7m $50.7m 0.36% Added +21.1k +21,114
62 INSPIRION WEALTH ADVISORS, LLC 8.01% of their portfolio LIBERTYVILLE, IL 400,466400.5k $48.5m $48.5m 8.01% Added +16.1k +16,136
63 White Lighthouse Investment Management Inc. 9.84% of their portfolio BEDFORD, MA 400,257400.3k $48.4m $48.4m 9.84% Added +7.9k +7,899
64 State of Wisconsin - Board of Commissioners of Public Lands 11.47% of their portfolio MADISON, WI 398,397398.4k $48.2m $48.2m 11.47% Unchanged
65 Waldron Private Wealth LLC 2.13% of their portfolio BRIDGEVILLE, PA 389,680389.7k $47.1m $47.1m 2.13% Reduced -723 -723
66 Steward Partners Investment Advisory, LLC 0.51% of their portfolio STAMFORD, CT 385,966386.0k $46.7m $46.7m 0.51% Added +21.1k +21,125
67 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 385,155385.2k $46.6m $46.6m 0.12% Added +13.0k +13,034
68 Smithfield Trust Co 2.32% of their portfolio PITTSBURGH, PA 361,632361.6k $43.7m $43.7m 2.32% Added +15.6k +15,601
69 M&T Bank Corp 0.15% of their portfolio BUFFALO, NY 348,360348.4k $42.1m $42.1m 0.15% Reduced -7.3k -7,255
70 Atria Wealth Solutions, Inc. 0.45% of their portfolio NEW YORK, NY 331,623331.6k $40.1m $40.1m 0.45% Added +12.8k +12,801
71 MONETA GROUP INVESTMENT ADVISORS LLC 0.63% of their portfolio ST LOUIS, MO 321,072321.1k $38.8m $38.8m 0.63% Reduced -30.0k -30,049
72 MBM WEALTH CONSULTANTS, LLC 12.82% of their portfolio CHESTERFIELD, MO 301,180301.2k $36.4m $36.4m 12.82% Added +1.5k +1,453
73 Waverly Advisors, LLC 0.85% of their portfolio BIRMINGHAM, AL 298,674298.7k $36.1m $36.1m 0.85% Added +88.5k +88,546
74 Twele Capital Management, Inc. 8.10% of their portfolio MINNETONKA, MN 295,808295.8k $35.8m $35.8m 8.10% Reduced -6.3k -6,264
75 EXECUTIVE WEALTH GROUP LLC 7.08% of their portfolio KIRKLAND, WA 292,300292.3k $34.0m $34.0m 7.08% Added +194.7k +194,672
76 Sabal Trust CO 2.03% of their portfolio ST. PETERSBURG, FL 288,287288.3k $34.9m $34.9m 2.03% Reduced -648 -648
77 Cornerstone Advisory, LLC 4.87% of their portfolio HUNT VALLEY, MD 282,426282.4k $34.2m $34.2m 4.87% Added +10.5k +10,479
78 Opus Capital Group, LLC 4.93% of their portfolio CINCINNATI, OH 279,225279.2k $33.8m $33.8m 4.93% Reduced -19.8k -19,801
79 BEACON FINANCIAL GROUP 3.87% of their portfolio DALLAS, TX 278,404278.4k $33.7m $33.7m 3.87% Reduced -35.2k -35,161
80 Performance Wealth Partners, LLC 1.41% of their portfolio HINSDALE, IL 277,497277.5k $33.6m $33.6m 1.41% Reduced -271.0k -270,989
81 Pinnacle Wealth Management Advisory Group, LLC 3.54% of their portfolio RED BANK, NJ 272,359272.4k $33.0m $33.0m 3.54% Added +1.1k +1,121
82 KEYBANK NATIONAL ASSOCIATION/OH 0.13% of their portfolio BROOKLYN, OH 269,937269.9k $32.7m $32.7m 0.13% Reduced -12.2k -12,190
83 Baltimore-Washington Financial Advisors, Inc. 2.02% of their portfolio Columbia, MD 267,893267.9k $32.4m $32.4m 2.02% Added +26.8k +26,835
84 AVANTAX ADVISORY SERVICES, INC. 0.28% of their portfolio DALLAS, TX 263,416263.4k $31.9m $31.9m 0.28% Reduced -4.4k -4,433
85 Conservest Capital Advisors, Inc. 3.24% of their portfolio WYNNEWOOD, PA 262,155262.2k $31.7m $31.7m 3.24% Reduced -16.4k -16,406
86 Round Rock Advisors LLC 7.55% of their portfolio WILTON, CT 260,366260.4k $31.5m $31.5m 7.55% Added +1.5k +1,456
87 Heartwood Wealth Advisors LLC 3.85% of their portfolio RICHMOND, VA 258,660258.7k $31.3m $31.3m 3.85% Added +10.1k +10,140
88 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 255,762255.8k $30.9m $30.9m 0.06% Reduced -9.1k -9,145
89 US BANCORP \DE\ 0.04% of their portfolio MINNEAPOLIS, MN 252,348252.3k $30.5m $30.5m 0.04% Reduced -34.2k -34,186
90 Beacon Pointe Advisors, LLC 0.34% of their portfolio NEWPORT BEACH, CA 252,142252.1k $30.5m $30.5m 0.34% Reduced -545 -545
91 CVS HEALTH Corp 14.40% of their portfolio WOONSOCKET, RI 252,032252.0k $30.5m $30.5m 14.40% Unchanged
92 Benchmark Wealth Management, LLC 16.56% of their portfolio OLD LYME, CT 251,171251.2k $30.4m $30.4m 16.56% Reduced -478 -478
93 Highland Financial Advisors, LLC 11.92% of their portfolio WAYNE, NJ 246,172246.2k $29.8m $29.8m 11.92% Reduced -6.0k -6,034
94 ACT WEALTH MANAGEMENT, LLC 14.75% of their portfolio PLANO, TX 241,933241.9k $29.3m $29.3m 14.75% Added +4.7k +4,717
95 Zhang Financial LLC 2.17% of their portfolio PORTAGE, MI 241,829241.8k $29.3m $29.3m 2.17% Added +33.9k +33,909
96 Focus Financial Network, Inc. 1.35% of their portfolio MINNEAPOLIS, MN 241,709241.7k $27.8m $27.8m 1.35% First filing
97 WASHINGTON TRUST Co 1.05% of their portfolio WESTERLY, RI 235,811235.8k $28.5m $28.5m 1.05% Reduced -1.2k -1,158
98 Human Investing LLC 5.70% of their portfolio LAKE OSWEGO, OR 234,432234.4k $28.4m $28.4m 5.70% Reduced -2.2k -2,240
99 REBALANCE, LLC 2.32% of their portfolio PALO ALTO, CA 233,701233.7k $28.3m $28.3m 2.32% Added +3.6k +3,556
100 Iron Horse Wealth Management, LLC 10.87% of their portfolio JOHSTON, IA 227,354227.4k $27.5m $27.5m 10.87% Added +6.5k +6,483