Vault-13

VANGUARD MALVERN FDS VTIP

STRM INFPROIDX · ETP · CUSIP 922020805

734 institutional holders -33 vs Q2 2023
153,113,601153.1m shares reported held*
$7.2bnreported value*
44 new 271 added 323 reduced 74 sold out net bought ≈ $269.6m (+5.6m 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 ($7.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.24. Options: 6 managers hold calls ($2.0m notional), 3 hold puts ($66.0k).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 786Q4 22: 814Q1 23: 778Q2 23: 767Q3 23: 734734Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022786
Q4 2022814
Q1 2023778
Q2 2023767
Q3 2023734

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 324 bought or addedQ4 22: 434 cut or sold outQ4 22Q1 23: 307 bought or addedQ1 23: 453 cut or sold outQ1 23Q2 23: 263 bought or addedQ2 23: 423 cut or sold outQ2 23Q3 23: 315 bought or addedQ3 23: 397 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022324434
Q1 2023307453
Q2 2023263423
Q3 2023315397

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ4 22 calls: $6.1mQ4 22 puts: $2.7mQ4 22P/C 0.43Q1 23 calls: $5.8mQ1 23 puts: $2.0mQ1 23P/C 0.35Q2 23 calls: $2.4mQ2 23 puts: $331.9kQ2 23P/C 0.14Q3 23 calls: $2.0mQ3 23 puts: $66.0kQ3 23P/C 0.03
Numbers
QuarterCallsPutsP/C
Q4 2022$6.1m$2.7m0.43
Q1 2023$5.8m$2.0m0.35
Q2 2023$2.4m$331.9k0.14
Q3 2023$2.0m$66.0k0.03

Biggest buyers

FMR LLC Added +15,735,428+15.7m
JPMORGAN CHASE & CO Added +1,803,700+1.8m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC New +1,734,454+1.7m
Wealthfront Advisers LLC Added +821,174+821.2k
Cerity Partners LLC Added +529,759+529.8k
GenTrust, LLC Added +461,362+461.4k
Banco Santander, S.A. Added +336,876+336.9k
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management Added +329,587+329.6k
Wealthspire Advisors, LLC Added +294,235+294.2k
Pallas Capital Advisors LLC Added +286,800+286.8k

Biggest sellers

MORGAN STANLEY Reduced -8,731,715-8.7m
TD AMERITRADE INVESTMENT MANAGEMENT, LLC Reduced -1,895,081-1.9m
Hirtle & Co., LLC Reduced -1,011,287-1.0m
Betterment LLC Reduced -929,128-929.1k
BANK OF AMERICA CORP /DE/ Reduced -905,378-905.4k
STIFEL FINANCIAL CORP Reduced -505,402-505.4k
WELLS FARGO & COMPANY/MN Reduced -483,959-484.0k
Avion Wealth Reduced -471,370-471.4k
Raymond James Financial Services Advisors, Inc. Reduced -465,176-465.2k
Alaska Permanent Capital Management, LLC Reduced -371,522-371.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.6m33.3k shares
CITADEL ADVISORS LLC Reduced $392.4k8.3k shares
GROUP ONE TRADING LLC Added $23.6k500 shares
SIMPLEX TRADING, LLC Reduced $9.0k200 shares
Private Advisor Group, LLC New $6621.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $52.0k1.1k shares
SIMPLEX TRADING, LLC New $14.0k300 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FMR LLC 0.07% of their portfolio BOSTON, MA 16,009,40416.0m $756.9m $756.9m 0.07% Added +15.7m +15,735,428
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 7,178,5747.2m $339.4m $339.4m 0.03% Reduced -8.7m -8,731,715
3 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 6,765,1876.8m $319.9m $319.9m 0.04% Added +1.8m +1,803,700
4 SEI INVESTMENTS CO 0.57% of their portfolio OAKS, PA 6,703,2086.7m $316.9m $316.9m 0.57% Added +216.4k +216,413
5 Betterment LLC 0.80% of their portfolio NEW YORK, NY 5,372,6865.4m $254.0m $254.0m 0.80% Reduced -929.1k -929,128
6 Valmark Advisers, Inc. 5.02% of their portfolio AKRON, OH 5,117,7825.1m $242.0m $242.0m 5.02% Added +58.8k +58,757
7 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 4,664,3364.7m $220.5m $220.5m 0.03% Reduced -905.4k -905,378
8 Heritage Wealth Advisors 11.19% of their portfolio RICHMOND, VA 4,340,4514.3m $205.2m $205.2m 11.19% Added +48.0k +47,957
9 UBS Group AG 0.07% of their portfolio ZURICH, V8 3,159,6163.2m $149.4m $149.4m 0.07% Reduced -158.9k -158,948
10 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 3,017,6203.0m $142.7m $142.7m 0.04% Reduced -484.0k -483,959
11 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 5.30% of their portfolio Seattle, WA 2,851,1082.9m $134.8m $134.8m 5.30% Added +329.6k +329,587
12 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,947,4571.9m $92.1m $92.1m 0.02% Reduced -137.8k -137,819
13 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,943,3001.9m $91.9m $91.9m 0.06% Reduced -109.3k -109,295
14 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 1,924,8791.9m $91.0m $91.0m 0.04% Reduced -145.9k -145,942
15 BUCKINGHAM STRATEGIC WEALTH, LLC 1.23% of their portfolio CLAYTON, MO 1,833,0611.8m $86.7m $86.7m 1.23% Added +151.1k +151,144
16 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,734,4541.7m $82.0m $82.0m 0.02% New
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.11% of their portfolio MILWAUKEE, WI 1,715,3851.7m $81.1m $81.1m 0.11% Reduced -136.5k -136,511
18 Alesco Advisors, LLC, An ESL Co 3.11% of their portfolio Pittsford, NY 1,703,7851.7m $80.6m $80.6m 3.11% Reduced -28.4k -28,402
19 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 1,560,9971.6m $73.8m $73.8m 0.11% Added +253.5k +253,523
20 GenTrust, LLC 4.75% of their portfolio MIAMI, FL 1,427,8841.4m $67.5m $67.5m 4.75% Added +461.4k +461,362
21 HighTower Advisors, LLC 0.13% of their portfolio CHICAGO, IL 1,420,9431.4m $67.2m $67.2m 0.13% Added +156.6k +156,608
22 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 4.27% of their portfolio BOSTON, MA 1,360,6421.4m $64.3m $64.3m 4.27% Added +185.5k +185,534
23 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,359,0561.4m $64.3m $64.3m 0.01% Reduced -5.1k -5,054
24 Klingman & Associates, LLC 5.05% of their portfolio New York, NY 1,320,0871.3m $62.4m $62.4m 5.05% Added +105.0k +104,963
25 Wealthfront Advisers LLC 0.27% of their portfolio Palo Alto, CA 1,316,7411.3m $62.3m $62.3m 0.27% Added +821.2k +821,174
26 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 1,310,3821.3m $62.0m $62.0m 0.03% Added +16.3k +16,300
27 Focus Partners Advisor Solutions, LLC 2.64% of their portfolio SAINT LOUIS, MO 1,151,9871.2m $54.5m $54.5m 2.64% Added +129.3k +129,270
28 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,147,4271.1m $54.3m $54.3m 0.02% Reduced -112.1k -112,126
29 Corient Private Wealth LP 0.12% of their portfolio MIAMI, FL 1,111,2541.1m $52.5m $52.5m 0.12% Added +58.7k +58,711
30 SATOVSKY ASSET MANAGEMENT LLC 16.47% of their portfolio NEW YORK, NY 1,028,4691.0m $48.6m $48.6m 16.47% Added +25.6k +25,600
31 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,013,6111.0m $47.9m $47.9m 0.02% Reduced -202.5k -202,452
32 Adventist Health System/ West 9.67% of their portfolio Roseville, CA 966,530966.5k $45.7m $45.7m 9.67% Unchanged
33 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 925,402925.4k $43.8m $43.8m 0.09% Reduced -60.2k -60,153
34 Cerity Partners LLC 0.20% of their portfolio NEW YORK, NY 854,526854.5k $40.4m $40.4m 0.20% Added +529.8k +529,759
35 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 814,168814.2k $38.5m $38.5m 0.05% Reduced -505.4k -505,402
36 Simplicity Solutions, LLC 1.08% of their portfolio MINNEAPOLIS, MN 713,635713.6k $33.7m $33.7m 1.08% Added +26.8k +26,840
37 Bleakley Financial Group, LLC 1.19% of their portfolio PARSIPPANY, NJ 713,635713.6k $33.7m $33.7m 1.19% Added +26.8k +26,840
38 Efficient Advisors, LLC 2.27% of their portfolio BEAVERTON, OR 709,398709.4k $33.5m $33.5m 2.27% Added +11.5k +11,481
39 Beaird Harris Wealth Management, LLC 3.91% of their portfolio DALLAS, TX 690,056690.1k $32.6m $32.6m 3.91% Added +12.2k +12,187
40 SMI Advisory Services, LLC 11.43% of their portfolio COLUMBUS, IN 663,117663.1k $31.3m $31.3m 11.43% First filing
41 ASSETMARK, INC 0.13% of their portfolio CONCORD, CA 662,205662.2k $31.3m $31.3m 0.13% Added +64.9k +64,925
42 Morningstar Investment Services LLC 0.40% of their portfolio CHICAGO, IL 657,930657.9k $31.1m $31.1m 0.40% Reduced -4.1k -4,066
43 STUDIO INVESTMENT MANAGEMENT LLC 8.45% of their portfolio CHICAGO, IL 640,302640.3k $30.3m $30.3m 8.45% Reduced -16.0k -16,018
44 Raymond James Financial Services Advisors, Inc. 0.05% of their portfolio ST. PETERSBURG, FL 633,053633.1k $29.9m $29.9m 0.05% Reduced -465.2k -465,176
45 Wealthspire Advisors, LLC 0.49% of their portfolio NEW YORK, NY 629,049629.0k $29.7m $29.7m 0.49% Added +294.2k +294,235
46 Marotta Asset Management 6.78% of their portfolio CHARLOTTESVILLE, VA 619,639619.6k $29.3m $29.3m 6.78% Added +24.7k +24,709
47 Pacific Life Fund Advisors LLC 3.08% of their portfolio NEWPORT BEACH, CA 614,499614.5k $29.1m $29.1m 3.08% Reduced -81.7k -81,656
48 True Link Financial Advisors, LLC 3.34% of their portfolio SAN FRANCISCO, CA 589,005589.0k $27.8m $27.8m 3.34% Added +36.5k +36,525
49 FIRST HAWAIIAN BANK 0.89% of their portfolio HONOLULU, HI 551,505551.5k $26.1m $26.1m 0.89% Added +652 +652
50 Compton Financial Group, LLC 9.82% of their portfolio TOWSON, MD 546,534546.5k $25.8m $25.8m 9.82% Added +52.3k +52,253
51 Cetera Advisor Networks LLC 0.16% of their portfolio EL SEGUNDO, CA 529,684529.7k $25.0m $25.0m 0.16% Added +174.1k +174,110
52 Banco Santander, S.A. 0.35% of their portfolio Madrid, U3 527,925527.9k $25.0m $25.0m 0.35% Added +336.9k +336,876
53 Alaska Permanent Capital Management, LLC 2.21% of their portfolio ANCHORAGE, AK 527,540527.5k $24.9m $24.9m 2.21% Reduced -371.5k -371,522
54 MOLLER WEALTH PARTNERS 7.66% of their portfolio NORTHFIELD, IL 509,980510.0k $24.1m $24.1m 7.66% Reduced -160 -160
55 AdvisorNet Financial, Inc 2.17% of their portfolio MINNETONKA, MN 506,515506.5k $23.9m $23.9m 2.17% Added +13.3k +13,260
56 CoreCap Advisors, LLC 1.71% of their portfolio SOUTHFIELD, MI 502,940502.9k $23.8m $23.8m 1.71% Reduced -211.8k -211,847
57 Systematic Alpha Investments, LLC 1.17% of their portfolio PRINCETON, NJ 495,000495.0k $23.4m $23.4m 1.17% Unchanged
58 Deane Retirement Strategies, Inc. 12.93% of their portfolio NEW ORLEANS, LA 489,989490.0k $23.2m $23.2m 12.93% Added +454 +454
59 Column Capital Advisors, LLC 0.37% of their portfolio INDIANAPOLIS, IN 463,389463.4k $2.5m $2.5m 0.37% Reduced -1.5k -1,545
60 Archvest Wealth Advisors, Inc. 8.75% of their portfolio CONCORD, CA 452,488452.5k $21.4m $21.4m 8.75% Added +225.5k +225,517
61 Hirtle & Co., LLC 1.07% of their portfolio WEST CONSHOHOCKEN, PA 452,448452.4k $21.4m $21.4m 1.07% Reduced -1.0m -1,011,287
62 Rappaport Reiches Capital Management, LLC 8.77% of their portfolio SKOKIE`, IL 440,364440.4k $20.8m $20.8m 8.77% Added +11.8k +11,815
63 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 430,727430.7k $20.4m $20.4m 0.10% Reduced -69.1k -69,106
64 Abbrea Capital, LLC 3.23% of their portfolio Greenbrae, CA 429,173429.2k $20.3m $20.3m 3.23% Reduced -15.3k -15,348
65 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 418,752418.8k $19.8m $19.8m 0.03% Reduced -94.3k -94,333
66 Leonard Rickey Investment Advisors P.L.L.C. 6.33% of their portfolio YAKIMA, WA 409,285409.3k $19.4m $19.4m 6.33% Added +9.8k +9,764
67 Vectors Research Management, LLC 5.84% of their portfolio New York, NY 400,295400.3k $18.0m $18.0m 5.84% Reduced -98.6k -98,630
68 JANE STREET GROUP, LLC 0.03% of their portfolio NEW YORK, NY 396,690396.7k $18.8m $18.8m 0.03% Added +184.4k +184,410
69 EVOKE WEALTH, LLC 0.66% of their portfolio Los Angeles, CA 394,703394.7k $18.7m $18.7m 0.66% Added +22.4k +22,417
70 ProVise Management Group, LLC 1.73% of their portfolio CLEARWATER, FL 393,336393.3k $18.6m $18.6m 1.73% Added +12.9k +12,906
71 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 393,087393.1k $18.6m $18.6m 0.02% Reduced -85.6k -85,622
72 FINANCIAL CONSULATE, INC 7.85% of their portfolio HUNT VALLEY, MD 375,869375.9k $17.8m $17.8m 7.85% Reduced -6.1k -6,103
73 COURIER CAPITAL LLC 1.46% of their portfolio BUFFALO, NY 373,363373.4k $17.7m $17.7m 1.46% Reduced -89.4k -89,404
74 Alaska Wealth Advisors, LLC 2.78% of their portfolio ANCHORAGE, AK 369,479369.5k $17.5m $17.5m 2.78% Added +67.5k +67,452
75 Elwood & Goetz Wealth Advisory Group, LLC 4.03% of their portfolio ATHENS, GA 367,210367.2k $17.4m $17.4m 4.03% Added +26.0k +26,028
76 FARMERS & MERCHANTS INVESTMENTS INC 0.68% of their portfolio LINCOLN, NE 366,940366.9k $17.3m $17.3m 0.68% Reduced -19.8k -19,770
77 TWIN FOCUS CAPITAL PARTNERS, LLC 3.82% of their portfolio Boston, MA 359,738359.7k $17.0m $17.0m 3.82% Reduced -33.7k -33,734
78 Focus Financial Network, Inc. 0.96% of their portfolio MINNEAPOLIS, MN 358,507358.5k $17.0m $17.0m 0.96% Added +12.6k +12,599
79 Brickley Wealth Management 4.48% of their portfolio SAN MATEO, CA 355,407355.4k $16.8m $16.8m 4.48% Reduced -1.9k -1,883
80 One Wealth Map LLC 11.50% of their portfolio LAS VEGAS, NV 352,992353.0k $16.6m $16.6m 11.50% Added +4.0k +3,960
81 Fifth Third Securities, Inc. 1.82% of their portfolio Cincinnati, OH 345,013345.0k $16.3m $16.3m 1.82% Added +264.3k +264,254
82 Virtue Capital Management, LLC 2.73% of their portfolio BRENTWOOD, TN 340,884340.9k $16.0m $16.0m 2.73% Unchanged
83 Cypress Capital, LLC 4.58% of their portfolio FRANKLIN, TN 330,032330.0k $15.6m $15.6m 4.58% Reduced -1.1k -1,119
84 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 322,018322.0k $15.2m $15.2m 0.02% Reduced -69.5k -69,511
85 TRUST CO OF VERMONT 1.00% of their portfolio BRATTLEBORO, VT 312,167312.2k $14.8m $14.8m 1.00% Reduced -45.7k -45,690
86 Atria Wealth Solutions, Inc. 0.21% of their portfolio NEW YORK, NY 311,151311.2k $14.7m $14.7m 0.21% Reduced -12.6k -12,570
87 Portland Global Advisors LLC 2.40% of their portfolio PORTLAND, ME 302,423302.4k $14.3m $14.3m 2.40% Added +350 +350
88 Baron Financial Group, LLC 9.23% of their portfolio Fair Lawn, NJ 300,388300.4k $14.2m $14.2m 9.23% Reduced -8.5k -8,475
89 VAN STRUM & TOWNE INC. 5.96% of their portfolio SAN FRANCISCO, CA 298,971299.0k $14.1m $14.1m 5.96% Reduced -13.2k -13,230
90 Pallas Capital Advisors LLC 0.86% of their portfolio BRAINTREE, MA 297,764297.8k $14.0m $14.0m 0.86% Added +286.8k +286,800
91 Executive Wealth Management, LLC 1.44% of their portfolio BRIGHTON, MI 294,900294.9k $13.9m $13.9m 1.44% Reduced -15.6k -15,612
92 FLOW TRADERS U.S. LLC 0.63% of their portfolio NEW YORK, NY 283,929283.9k $13.4m $13.4m 0.63% Reduced -114.4k -114,401
93 Apollon Wealth Management, LLC 0.66% of their portfolio MOUNT PLEASANT, SC 276,982277.0k $13.1m $13.1m 0.66% Added +29.6k +29,636
94 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 269,712269.7k $12.8m $12.8m 0.02% Reduced -7.4k -7,406
95 Mariner, LLC 0.03% of their portfolio Overland Park, KS 261,735261.7k $12.4m $12.4m 0.03% Added +13.5k +13,492
96 Symmetry Partners, LLC 0.67% of their portfolio GLASTONBURY, CT 260,141260.1k $12.3m $12.3m 0.67% Reduced -10.8k -10,839
97 Savant Capital, LLC 0.18% of their portfolio ROCKFORD, IL 256,645256.6k $12.1m $12.1m 0.18% Added +184.0k +183,996
98 AXXCESS WEALTH MANAGEMENT, LLC 0.41% of their portfolio CARLSBAD, CA 254,672254.7k $12.0m $12.0m 0.41% Added +248.1k +248,086
99 CHATHAM CAPITAL GROUP, INC. 2.63% of their portfolio SAVANNAH, GA 249,150249.2k $11.8m $11.8m 2.63% Reduced -12.9k -12,935
100 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 246,186246.2k $11.6m $11.6m 0.06% Reduced -149.6k -149,635