Vault-13

VANGUARD MALVERN FDS VTIP

STRM INFPROIDX · ETP · CUSIP 922020805

721 institutional holders -45 vs Q4 2023
129,327,930129.3m shares reported held*
$6.2bnreported value*
42 new 234 added 334 reduced 86 sold out net sold ≈ $545.7m (-12.0m 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 ($12.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.20. Options: 5 managers hold calls ($1.4m notional), 1 hold puts ($71.8k).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 786Q4 22: 814Q1 23: 778Q2 23: 767Q3 23: 734Q4 23: 766Q1 24: 721721Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022786
Q4 2022814
Q1 2023778
Q2 2023767
Q3 2023734
Q4 2023766
Q1 2024721

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 23Q4 23: 301 bought or addedQ4 23: 422 cut or sold outQ4 23Q1 24: 276 bought or addedQ1 24: 420 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022324434
Q1 2023307453
Q2 2023263423
Q3 2023315397
Q4 2023301422
Q1 2024276420

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 23 calls: $2.4mQ2 23 puts: $331.9kQ2 23P/C 0.14Q3 23 calls: $2.0mQ3 23 puts: $66.0kQ3 23P/C 0.03Q4 23 calls: $2.4mQ4 23 puts: $1.3mQ4 23P/C 0.55Q1 24 calls: $1.4mQ1 24 puts: $71.8kQ1 24P/C 0.05
Numbers
QuarterCallsPutsP/C
Q2 2023$2.4m$331.9k0.14
Q3 2023$2.0m$66.0k0.03
Q4 2023$2.4m$1.3m0.55
Q1 2024$1.4m$71.8k0.05

Biggest buyers

SEI INVESTMENTS CO Added +1,287,819+1.3m
Simplicity Wealth,LLC New +657,271+657.3k
Cetera Investment Advisers Added +574,799+574.8k
EVOKE WEALTH, LLC New +415,762+415.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +372,254+372.3k
Hirtle & Co., LLC New +329,778+329.8k
BUCKINGHAM STRATEGIC WEALTH, LLC Added +270,152+270.2k
FLOW TRADERS U.S. LLC Added +255,325+255.3k
Savant Capital, LLC Added +251,421+251.4k
Deane Retirement Strategies, Inc. Added +248,905+248.9k

Biggest sellers

FMR LLC Reduced -3,781,418-3.8m
Betterment LLC Reduced -1,381,040-1.4m
Bank of New York Mellon Corp Reduced -879,064-879.1k
Focus Partners Advisor Solutions, LLC Reduced -875,959-876.0k
MORGAN STANLEY Reduced -843,545-843.5k
Beacon Capital Management, Inc. Reduced -672,481-672.5k
Morningstar Investment Services LLC Reduced -646,530-646.5k
Cetera Advisor Networks LLC Sold out -560,529-560.5k
BANK OF AMERICA CORP /DE/ Reduced -462,982-463.0k
Cerity Partners LLC Reduced -450,788-450.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m20.9k shares
CITADEL ADVISORS LLC Reduced $282.6k5.9k shares
SIMPLEX TRADING, LLC Added $138.0k2.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $0200 shares

Biggest puts

CITADEL ADVISORS LLC Added $71.8k1.5k 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 0.02% of their portfolio NEW YORK, NY 12,497,58912.5m $598.5m $598.5m 0.02% Reduced -843.5k -843,545
2 SEI INVESTMENTS CO 0.55% of their portfolio OAKS, PA 7,886,5887.9m $377.7m $377.7m 0.55% Added +1.3m +1,287,819
3 FMR LLC 0.02% of their portfolio BOSTON, MA 7,481,5217.5m $358.3m $358.3m 0.02% Reduced -3.8m -3,781,418
4 Valmark Advisers, Inc. 4.48% of their portfolio AKRON, OH 5,376,7055.4m $257.5m $257.5m 4.48% Added +144.6k +144,623
5 Heritage Wealth Advisors 10.23% of their portfolio RICHMOND, VA 4,678,6584.7m $224.1m $224.1m 10.23% Added +178.2k +178,187
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,910,3463.9m $187.3m $187.3m 0.02% Reduced -463.0k -462,982
7 Betterment LLC 0.43% of their portfolio NEW YORK, NY 3,343,2673.3m $160.1m $160.1m 0.43% Reduced -1.4m -1,381,040
8 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 4.75% of their portfolio Seattle, WA 3,195,4533.2m $153.0m $153.0m 4.75% Added +116.3k +116,290
9 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 2,363,2882.4m $113.2m $113.2m 0.04% Reduced -120.1k -120,105
10 BUCKINGHAM STRATEGIC WEALTH, LLC 1.12% of their portfolio CLAYTON, MO 2,211,7202.2m $105.9m $105.9m 1.12% Added +270.2k +270,152
11 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,090,2062.1m $100.1m $100.1m 0.03% Reduced -368.0k -368,034
12 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,880,1651.9m $90.0m $90.0m 0.02% Reduced -58.5k -58,466
13 Alesco Advisors, LLC, An ESL Co 2.80% of their portfolio Pittsford, NY 1,777,2051.8m $85.1m $85.1m 2.80% Added +36.1k +36,137
14 Wealthspire Advisors, LLC 1.10% of their portfolio NEW YORK, NY 1,726,4581.7m $82.7m $82.7m 1.10% Added +170.9k +170,948
15 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,592,7701.6m $76.3m $76.3m 0.04% Reduced -252.3k -252,330
16 HighTower Advisors, LLC 0.12% of their portfolio CHICAGO, IL 1,570,2911.6m $75.2m $75.2m 0.12% Reduced -90.9k -90,859
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,512,4601.5m $72.4m $72.4m 0.02% Reduced -63.3k -63,258
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,497,8381.5m $71.7m $71.7m 0.00% Reduced -158.6k -158,598
19 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 3.72% of their portfolio BOSTON, MA 1,452,0161.5m $69.5m $69.5m 3.72% Added +209.8k +209,757
20 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,450,7991.5m $69.5m $69.5m 0.02% Reduced -379.1k -379,108
21 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 1,242,2571.2m $59.5m $59.5m 0.02% Added +32.1k +32,075
22 Corient Private Wealth LP 0.10% of their portfolio MIAMI, FL 1,221,1321.2m $58.5m $58.5m 0.10% Added +84.5k +84,550
23 Klingman & Associates, LLC 4.03% of their portfolio New York, NY 1,209,6311.2m $57.9m $57.9m 4.03% Reduced -247.7k -247,695
24 SATOVSKY ASSET MANAGEMENT LLC 15.50% of their portfolio NEW YORK, NY 1,106,1281.1m $53.0m $53.0m 15.50% Added +52.2k +52,159
25 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,052,1631.1m $50.4m $50.4m 0.05% Reduced -149.7k -149,709
26 Adventist Health System/ West 8.32% of their portfolio Roseville, CA 966,530966.5k $46.3m $46.3m 8.32% Unchanged
27 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 916,172916.2k $43.9m $43.9m 0.08% Reduced -4.8k -4,792
28 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 836,655836.7k $40.1m $40.1m 0.01% Reduced -102.3k -102,252
29 Cetera Investment Advisers 0.09% of their portfolio SCHAUMBURG, IL 804,819804.8k $38.5m $38.5m 0.09% Added +574.8k +574,799
30 Beaird Harris Wealth Management, LLC 3.65% of their portfolio DALLAS, TX 782,616782.6k $37.5m $37.5m 3.65% Added +43.9k +43,874
31 True Link Financial Advisors, LLC 3.41% of their portfolio SAN FRANCISCO, CA 743,546743.5k $35.6m $35.6m 3.41% Added +110.9k +110,930
32 Beacon Capital Management, Inc. 1.48% of their portfolio DAYTON, OH 740,524740.5k $35.4m $35.4m 1.48% Reduced -672.5k -672,481
33 Savant Capital, LLC 0.40% of their portfolio ROCKFORD, IL 731,740731.7k $35.0m $35.0m 0.40% Added +251.4k +251,421
34 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 723,467723.5k $34.6m $34.6m 0.08% Reduced -437.4k -437,366
35 ASSETMARK, INC 0.11% of their portfolio CONCORD, CA 697,173697.2k $33.4m $33.4m 0.11% Added +32.5k +32,507
36 STUDIO INVESTMENT MANAGEMENT LLC 7.79% of their portfolio CHICAGO, IL 685,378685.4k $32.8m $32.8m 7.79% Added +92.3k +92,328
37 Bleakley Financial Group, LLC 0.91% of their portfolio PARSIPPANY, NJ 657,617657.6k $31.5m $31.5m 0.91% Added +51.6k +51,594
38 Simplicity Wealth,LLC 0.75% of their portfolio SUMMIT, NJ 657,271657.3k $31.5m $31.5m 0.75% New
39 Morningstar Investment Services LLC 0.34% of their portfolio CHICAGO, IL 650,601650.6k $31.2m $31.2m 0.34% Reduced -646.5k -646,530
40 Marotta Asset Management 6.19% of their portfolio CHARLOTTESVILLE, VA 625,020625.0k $29.9m $29.9m 6.19% Added +19.1k +19,089
41 Efficient Advisors, LLC 1.86% of their portfolio BEAVERTON, OR 603,846603.8k $28.9m $28.9m 1.86% Added +16.1k +16,100
42 RENAISSANCE TECHNOLOGIES LLC 0.05% of their portfolio NEW YORK, NY 600,194600.2k $28.7m $28.7m 0.05% Added +204.1k +204,094
43 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 583,544583.5k $28.0m $28.0m 0.01% Reduced -122.5k -122,507
44 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 561,480561.5k $26.9m $26.9m 0.03% Reduced -100.7k -100,670
45 MOLLER WEALTH PARTNERS 7.25% of their portfolio NORTHFIELD, IL 558,479558.5k $26.7m $26.7m 7.25% Added +18.2k +18,176
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% of their portfolio BALA CYNWYD, PA 541,260541.3k $25.9m $25.9m 0.04% Added +372.3k +372,254
47 Compton Financial Group, LLC 8.71% of their portfolio TOWSON, MD 540,538540.5k $25.9m $25.9m 8.71% Added +3.8k +3,790
48 Alaska Permanent Capital Management, LLC 2.01% of their portfolio ANCHORAGE, AK 540,466540.5k $25.9m $25.9m 2.01% Added +41.8k +41,790
49 DORVAL Corp 11.24% of their portfolio MAPLE GROVE, MN 510,032510.0k $24.3m $24.3m 11.24% Added +11.9k +11,888
50 Schorn Wealth LLC 9.00% of their portfolio ENGLEWOOD, FL 496,862496.9k $23.8m $23.8m 9.00% Added +23.2k +23,192
51 Rappaport Reiches Capital Management, LLC 7.19% of their portfolio SKOKIE`, IL 479,441479.4k $23.0m $23.0m 7.19% Added +14.6k +14,559
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 469,376469.4k $22.5m $22.5m 0.00% Reduced -879.1k -879,064
53 Leonard Rickey Investment Advisors P.L.L.C. 5.62% of their portfolio YAKIMA, WA 454,263454.3k $21.8m $21.8m 5.62% Added +34.2k +34,192
54 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 450,874450.9k $21.6m $21.6m 0.04% Reduced -301.4k -301,432
55 ProVise Management Group, LLC 1.76% of their portfolio CLEARWATER, FL 424,907424.9k $20.3m $20.3m 1.76% Reduced -12.1k -12,076
56 FLOW TRADERS U.S. LLC 1.08% of their portfolio NEW YORK, NY 421,347421.3k $20.2m $20.2m 1.08% Added +255.3k +255,325
57 CoreCap Advisors, LLC 1.06% of their portfolio SOUTHFIELD, MI 418,604418.6k $20.0m $20.0m 1.06% Added +34.7k +34,676
58 EVOKE WEALTH, LLC 0.59% of their portfolio Los Angeles, CA 415,762415.8k $19.9m $19.9m 0.59% New
59 FIRST HAWAIIAN BANK 0.60% of their portfolio HONOLULU, HI 408,242408.2k $19.6m $19.6m 0.60% Reduced -138.1k -138,138
60 FINANCIAL CONSULATE, INC 5.62% of their portfolio HUNT VALLEY, MD 396,823396.8k $19.0m $19.0m 5.62% Added +18.6k +18,641
61 Raymond James Financial Services Advisors, Inc. 0.03% of their portfolio ST. PETERSBURG, FL 393,820393.8k $18.9m $18.9m 0.03% Added +83.6k +83,632
62 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 386,868386.9k $18.5m $18.5m 0.07% Reduced -112.3k -112,333
63 TWIN FOCUS CAPITAL PARTNERS, LLC 3.46% of their portfolio Boston, MA 379,016379.0k $18.2m $18.2m 3.46% Added +9.7k +9,747
64 Brickley Wealth Management 4.04% of their portfolio SAN MATEO, CA 368,386368.4k $17.6m $17.6m 4.04% Added +4.8k +4,826
65 Wealthfront Advisers LLC 0.06% of their portfolio Palo Alto, CA 364,999365.0k $17.5m $17.5m 0.06% Added +34.7k +34,717
66 Abbrea Capital, LLC 2.29% of their portfolio Greenbrae, CA 363,658363.7k $17.4m $17.4m 2.29% Reduced -19.4k -19,382
67 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 346,860346.9k $16.6m $16.6m 0.04% Reduced -450.8k -450,788
68 FARMERS & MERCHANTS INVESTMENTS INC 0.56% of their portfolio LINCOLN, NE 346,686346.7k $16.6m $16.6m 0.56% Reduced -3.4k -3,412
69 Focus Partners Advisor Solutions, LLC 0.48% of their portfolio SAINT LOUIS, MO 344,796344.8k $16.5m $16.5m 0.48% Reduced -876.0k -875,959
70 Atria Wealth Solutions, Inc. 0.18% of their portfolio NEW YORK, NY 330,052330.1k $15.8m $15.8m 0.18% Reduced -78.0k -77,964
71 Hirtle & Co., LLC 0.67% of their portfolio WEST CONSHOHOCKEN, PA 329,778329.8k $15.8m $15.8m 0.67% New
72 Money Design Co.,Ltd. 0.85% of their portfolio TOKYO, M0 325,505325.5k $15.6m $15.6m 0.85% Added +54.4k +54,409
73 Portland Global Advisors LLC 2.05% of their portfolio PORTLAND, ME 314,558314.6k $15.1m $15.1m 2.05% Added +9.3k +9,311
74 Executive Wealth Management, LLC 1.31% of their portfolio BRIGHTON, MI 313,577313.6k $15.0m $15.0m 1.31% Added +29.9k +29,880
75 Cypress Capital, LLC 3.98% of their portfolio FRANKLIN, TN 304,208304.2k $14.6m $14.6m 3.98% Reduced -9.3k -9,289
76 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 298,978299.0k $14.3m $14.3m 0.02% Reduced -50.5k -50,515
77 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 285,368285.4k $13.7m $13.7m 0.01% Reduced -42.0k -41,968
78 Baron Financial Group, LLC 8.37% of their portfolio Fair Lawn, NJ 283,373283.4k $13.6m $13.6m 8.37% Reduced -5.8k -5,845
79 Fairway Wealth LLC 9.05% of their portfolio INDEPENDENCE, OH 278,747278.7k $13.3m $13.3m 9.05% Added +55.7k +55,655
80 VAN STRUM & TOWNE INC. 4.84% of their portfolio SAN FRANCISCO, CA 276,536276.5k $13.2m $13.2m 4.84% Reduced -8.6k -8,590
81 Gibson Wealth Advisors LLC 12.57% of their portfolio TYLER, TX 272,386272.4k $13.0m $13.0m 12.57% First filing
82 Apella Capital, LLC 0.66% of their portfolio WEST HARTFORD, CT 271,585271.6k $13.0m $13.0m 0.66% Added +26.1k +26,111
83 Stratos Investment Management, LLC 1.26% of their portfolio BEACHWOOD, OH 268,680268.7k $12.9m $12.9m 1.26% Added +10.9k +10,949
84 AMG National Trust Bank 0.37% of their portfolio GREENWOOD VILLAGE, CO 264,340264.3k $12.7m $12.7m 0.37% Reduced -55.4k -55,420
85 Mariner, LLC 0.03% of their portfolio Overland Park, KS 255,989256.0k $12.3m $12.3m 0.03% Added +17.6k +17,606
86 TRUST CO OF VERMONT 0.67% of their portfolio BRATTLEBORO, VT 252,756252.8k $12.1m $12.1m 0.67% Added +161 +161
87 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 252,104252.1k $12.1m $12.1m 0.02% Reduced -522 -522
88 Deane Retirement Strategies, Inc. 6.12% of their portfolio NEW ORLEANS, LA 251,528251.5k $12.0m $12.0m 6.12% Added +248.9k +248,905
89 BANK OF NOVA SCOTIA 0.02% of their portfolio TORONTO, A6 249,355249.4k $11.9m $11.9m 0.02% Added +212.8k +212,825
90 Prosperity Planning, Inc. 4.13% of their portfolio NORTH KANSAS CITY, MO 248,970249.0k $11.9m $11.9m 4.13% Added +29.9k +29,901
91 Alaska Wealth Advisors, LLC 1.69% of their portfolio ANCHORAGE, AK 233,701233.7k $11.2m $11.2m 1.69% Added +13.8k +13,818
92 Chemistry Wealth Management LLC 3.01% of their portfolio NEW YORK, NY 233,331233.3k $11.2m $11.2m 3.01% Added +4.0k +3,971
93 Vectors Research Management, LLC 3.14% of their portfolio New York, NY 231,928231.9k $11.1m $11.1m 3.14% Added +64.9k +64,872
94 COURIER CAPITAL LLC 0.80% of their portfolio BUFFALO, NY 230,594230.6k $11.0m $11.0m 0.80% Reduced -17.4k -17,367
95 Whitegate Investment Counselors, Inc. 2.94% of their portfolio CONCORD, NH 217,975218.0k $10.4m $10.4m 2.94% Added +388 +388
96 Eagle Ridge Investment Management 0.94% of their portfolio STAMFORD, CT 213,467213.5k $10.2m $10.2m 0.94% Added +4.4k +4,381
97 ATMOS ADVISORY, LLC 8.18% of their portfolio PITTSBURGH, PA 213,232213.2k $10.2m $10.2m 8.18% Reduced -3.9k -3,882
98 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 212,648212.6k $10.2m $10.2m 0.04% Reduced -11.9k -11,878
99 Lifeworks Advisors, LLC 2.84% of their portfolio GRAND RAPIDS, MI 211,805211.8k $10.1m $10.1m 2.84% Added +9.3k +9,263
100 LPWM LLC 3.61% of their portfolio MINNEAPOLIS, MN 205,655205.7k $9.8m $9.8m 3.61% Added +4.2k +4,199