Vault-13

VANGUARD BD INDEX FDS VUSB

VANGUARD ULTRA · ETP · CUSIP 92203C303

360 institutional holders +17 vs Q1 2025
58,733,23658.7m shares reported held*
$2.9bnreported value*
35 new 149 added 108 reduced 19 sold out net bought ≈ $238.4m (+4.9m 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. Holder counts are more reliable. Implied quarter-end price ≈ $49.86. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 242Q4 22: 270Q1 23: 275Q2 23: 284Q3 23: 285Q4 23: 296Q1 24: 300Q2 24: 301Q3 24: 302Q4 24: 318Q1 25: 343Q2 25: 360360Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022242
Q4 2022270
Q1 2023275
Q2 2023284
Q3 2023285
Q4 2023296
Q1 2024300
Q2 2024301
Q3 2024302
Q4 2024318
Q1 2025343
Q2 2025360

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 121 bought or addedQ3 23: 138 cut or sold outQ4 23: 123 bought or addedQ4 23: 145 cut or sold outQ4 23Q1 24: 141 bought or addedQ1 24: 131 cut or sold outQ2 24: 129 bought or addedQ2 24: 139 cut or sold outQ2 24Q3 24: 130 bought or addedQ3 24: 139 cut or sold outQ4 24: 137 bought or addedQ4 24: 133 cut or sold outQ4 24Q1 25: 186 bought or addedQ1 25: 132 cut or sold outQ2 25: 184 bought or addedQ2 25: 127 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023121138
Q4 2023123145
Q1 2024141131
Q2 2024129139
Q3 2024130139
Q4 2024137133
Q1 2025186132
Q2 2025184127

Biggest buyers

JPMORGAN CHASE & CO Added +2,207,515+2.2m
WELLS FARGO & COMPANY/MN Added +1,299,022+1.3m
BANK OF AMERICA CORP /DE/ Added +1,075,161+1.1m
Alpine Bank Wealth Management Added +463,934+463.9k
ROYAL BANK OF CANADA Added +458,924+458.9k
Bramshill Investments, LLC Added +453,534+453.5k
MML INVESTORS SERVICES, LLC Added +295,659+295.7k
Alpha Omega Wealth Management LLC Added +279,533+279.5k
Bank of New York Mellon Corp New +261,586+261.6k
HighTower Advisors, LLC Added +249,286+249.3k

Biggest sellers

RENAISSANCE TECHNOLOGIES LLC Sold out -1,812,700-1.8m
EXCHANGE TRADED CONCEPTS, LLC Sold out -1,655,384-1.7m
Betterment LLC Reduced -158,108-158.1k
Atria Wealth Solutions, Inc. Sold out -76,242-76.2k
Wharton Business Group, LLC Reduced -75,220-75.2k
NewEdge Wealth, LLC Reduced -72,305-72.3k
Roberts Wealth Advisors, LLC Reduced -71,982-72.0k
Focus Partners Wealth Reduced -59,922-59.9k
AE Wealth Management LLC Reduced -54,709-54.7k
Kathmere Capital Management, LLC Reduced -49,026-49.0k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 21,748,27321.7m $1.1bn $1.1bn 0.07% Added +2.2m +2,207,515
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,518,0072.5m $125.6m $125.6m 0.01% Added +1.1m +1,075,161
3 Bramshill Investments, LLC 12.81% of their portfolio NAPLES, FL 2,456,4072.5m $122.5m $122.5m 12.81% Added +453.5k +453,534
4 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,430,5212.4m $121.2m $121.2m 0.03% Added +1.3m +1,299,022
5 Blue Trust, Inc. 1.09% of their portfolio BRENTWOOD, TN 1,858,2301.9m $92.7m $92.7m 1.09% Added +131.6k +131,586
6 Wharton Business Group, LLC 2.76% of their portfolio MALVERN, PA 1,310,0191.3m $65.3m $65.3m 2.76% Reduced -75.2k -75,220
7 Alpine Bank Wealth Management 9.45% of their portfolio GRAND JUNCTION, CO 1,253,5781.3m $62.5m $62.5m 9.45% Added +463.9k +463,934
8 Avion Wealth 13.07% of their portfolio THE WOODLANDS, TX 1,149,3101.1m $57.3m $57.3m 13.07% Added +61.9k +61,885
9 HighTower Advisors, LLC 0.07% of their portfolio CHICAGO, IL 1,074,0331.1m $53.6m $53.6m 0.07% Added +249.3k +249,286
10 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,049,7441.0m $52.3m $52.3m 0.02% Added +47.7k +47,746
11 Pacific Center for Financial Services 13.10% of their portfolio DANVILLE, CA 968,310968.3k $48.3m $48.3m 13.10% Reduced -2.7k -2,736
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 674,788674.8k $33.6m $33.6m 0.00% Added +458.9k +458,924
13 Red Wave Investments LLC 10.27% of their portfolio DILLSBURG, PA 626,285626.3k $31.2m $31.2m 10.27% Reduced -5.7k -5,661
14 Global Wealth Management, LLC 15.57% of their portfolio KINGSTON, NJ 570,979571.0k $28.4m $28.4m 15.57% Reduced -23.1k -23,124
15 David Kennon Inc 9.82% of their portfolio SARASOTA, FL 526,886526.9k $26.3m $26.3m 9.82% Added +5.9k +5,925
16 Fonville Wealth Management LLC 5.40% of their portfolio RICHMOND, VA 427,592427.6k $21.3m $21.3m 5.40% Added +45.6k +45,558
17 Waverly Advisors, LLC 0.23% of their portfolio BIRMINGHAM, AL 426,555426.6k $21.3m $21.3m 0.23% Added +693 +693
18 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 422,712422.7k $21.1m $21.1m 0.01% Added +121.6k +121,604
19 Valtinson Bruner Financial Planning LLC 6.22% of their portfolio NEW BRIGHTON, MN 397,267397.3k $19.8m $19.8m 6.22% Added +53.5k +53,516
20 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 394,701394.7k $19.7m $19.7m 0.06% Added +295.7k +295,659
21 HORIZON KINETICS ASSET MANAGEMENT LLC 0.21% of their portfolio NEW YORK, NY 362,083362.1k $18.1m $18.1m 0.21% Reduced -33.3k -33,258
22 Fortis Advisors, LLC 11.02% of their portfolio WAYNE, PA 345,067345.1k $17.2m $17.2m 11.02% Added +1.6k +1,588
23 Focus Partners Wealth 0.03% of their portfolio ST LOUIS, MO 313,023313.0k $15.6m $15.6m 0.03% Reduced -59.9k -59,922
24 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 312,940312.9k $15.6m $15.6m 0.02% Added +47.7k +47,694
25 LOWE BROCKENBROUGH & CO INC 0.86% of their portfolio RICHMOND, VA 307,248307.2k $15.3m $15.3m 0.86% Added +31.0k +31,000
26 Clarius Group, LLC 0.88% of their portfolio SEATTLE, WA 304,681304.7k $15.2m $15.2m 0.88% Added +1.9k +1,940
27 RAFFA WEALTH MANAGEMENT, LLC 2.97% of their portfolio WASHINGTON, DC 297,951298.0k $14.9m $14.9m 2.97% Added +87.0k +87,012
28 Mesirow Financial Investment Management, Inc. 0.28% of their portfolio CHICAGO, IL 288,614288.6k $14.4m $14.4m 0.28% Added +7.7k +7,729
29 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 286,514286.5k $14.3m $14.3m 0.01% Reduced -8.3k -8,332
30 Coyle Financial Counsel LLC 3.82% of their portfolio Glenview, IL 286,325286.3k $14.3m $14.3m 3.82% Added +22.9k +22,883
31 Alpha Omega Wealth Management LLC 2.55% of their portfolio RICHMOND, VA 285,864285.9k $14.3m $14.3m 2.55% Added +279.5k +279,533
32 Colony Family Offices, LLC 3.40% of their portfolio CHARLOTTE, NC 264,000264.0k $13.2m $13.2m 3.40% Reduced -38.4k -38,379
33 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 261,586261.6k $13.0m $13.0m 0.00% New
34 TruWealth Advisors, LLC 0.67% of their portfolio Metairie, LA 245,580245.6k $12.2m $12.2m 0.67% Added +36.7k +36,727
35 McClarren Financial Advisors, Inc. 7.85% of their portfolio STATE COLLEGE, PA 241,995242.0k $12.1m $12.1m 7.85% Added +83.9k +83,926
36 AE Wealth Management LLC 0.08% of their portfolio TOPEKA, KS 228,300228.3k $11.4m $11.4m 0.08% Reduced -54.7k -54,709
37 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 222,442222.4k $11.1m $11.1m 0.02% Added +103.9k +103,851
38 FOUNDERS GROVE WEALTH PARTNERS, LLC 2.71% of their portfolio RICHMOND, VA 216,366216.4k $10.8m $10.8m 2.71% Added +10.0k +10,040
39 BlueChip Wealth Advisors LLC 4.64% of their portfolio Milton, GA 209,098209.1k $10.4m $10.4m 4.64% Added +80.5k +80,491
40 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 207,872207.9k $10.4m $10.4m 0.05% Added +11.9k +11,906
41 KITCHING PARTNERS, LLC 10.44% of their portfolio CONSHOHOCKEN, PA 206,287206.3k $10.3m $10.3m 10.44% Added +12.6k +12,610
42 ECLECTIC ASSOCIATES INC /ADV 2.16% of their portfolio FULLERTON, CA 199,468199.5k $9.9m $9.9m 2.16% Added +14.7k +14,652
43 Roberts Wealth Advisors, LLC 2.86% of their portfolio PALO ALTO, CA 199,397199.4k $9.9m $9.9m 2.86% Reduced -72.0k -71,982
44 SpringVest Wealth Management LLC 7.69% of their portfolio DALLAS, TX 190,511190.5k $9.5m $9.5m 7.69% Added +6.5k +6,487
45 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 182,076182.1k $9.1m $9.1m 0.03% Added +15.2k +15,183
46 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 176,621176.6k $8.8m $8.8m 0.01% Added +53.9k +53,852
47 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 174,327174.3k $8.7m $8.7m 0.02% Reduced -970 -970
48 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 170,424170.4k $8.5m $8.5m 0.00% Added +86.9k +86,878
49 Schulz Wealth, LTD. 6.24% of their portfolio MANSFIELD, TX 167,518167.5k $8.4m $8.4m 6.24% Reduced -1.3k -1,325
50 Apella Capital, LLC 0.22% of their portfolio WEST HARTFORD, CT 165,460165.5k $8.2m $8.2m 0.22% Reduced -8.4k -8,366
51 Capital Analysts, LLC 0.27% of their portfolio FORT WASHINGTON, PA 161,383161.4k $8.0m $8.0m 0.27% Reduced -2.6k -2,557
52 NVWM, LLC 1.89% of their portfolio YARDLEY, PA 156,927156.9k $7.8m $7.8m 1.89% Added +15.0k +15,037
53 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 149,041149.0k $7.4m $7.4m 0.01% Added +21.7k +21,748
54 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 146,878146.9k $7.3m $7.3m 0.02% New
55 Siligmueller & Norvid Wealth Advisors LLC 2.82% of their portfolio GLEN ELLYN, IL 145,823145.8k $7.3m $7.3m 2.82% Added +65.0k +64,975
56 Enclave Advisors LLC 1.12% of their portfolio AUSTIN, TX 139,038139.0k $6.9m $6.9m 1.12% Reduced -13.5k -13,538
57 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 136,839136.8k $6.8m $6.8m 0.00% Reduced -1.9k -1,887
58 TITLEIST ASSET MANAGEMENT, LLC 0.67% of their portfolio SAN ANTONIO, TX 134,267134.3k $6.7m $6.7m 0.67% Added +2.1k +2,103
59 FOUNDERS FINANCIAL SECURITIES LLC 0.49% of their portfolio TOWSON, MD 129,703129.7k $6.5m $6.5m 0.49% Added +6.9k +6,918
60 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 123,301123.3k $6.1m $6.1m 0.01% Reduced -41.1k -41,059
61 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 123,094123.1k $6.1m $6.1m 0.01% Added +16.5k +16,513
62 Leeward Financial Partners, LLC 1.94% of their portfolio Bellevue, WA 122,922122.9k $6.1m $6.1m 1.94% Added +84.1k +84,089
63 Kintayl Capital LP 3.77% of their portfolio NEW YORK, NY 120,600120.6k $6.0m $6.0m 3.77% Unchanged
64 Crews Bank & Trust 0.94% of their portfolio PORT CHARLOTTE, FL 119,863119.9k $6.0m $6.0m 0.94% Added +2.1k +2,073
65 OneDigital Investment Advisors LLC 0.07% of their portfolio OVERLAND PARK, KS 117,922117.9k $5.9m $5.9m 0.07% Added +14.4k +14,389
66 MorganRosel Wealth Management, LLC 1.58% of their portfolio HIGHLANDS RANCH, CO 116,066116.1k $5.8m $5.8m 1.58% Added +2.0k +1,958
67 Pine Harbor Wealth Management, LLC 1.99% of their portfolio FAIRFAX, VA 113,539113.5k $5.7m $5.7m 1.99% Added +6.3k +6,289
68 Palisades Hudson Asset Management, L.P. 2.21% of their portfolio FORT LAUDERDALE, FL 113,481113.5k $5.7m $5.7m 2.21% Added +33.6k +33,610
69 Ashton Thomas Private Wealth, LLC 0.20% of their portfolio SCOTTSDALE, AZ 110,948110.9k $5.5m $5.5m 0.20% Reduced -8.3k -8,323
70 Betterment LLC 0.01% of their portfolio NEW YORK, NY 110,052110.1k $5.5m $5.5m 0.01% Reduced -158.1k -158,108
71 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 107,254107.3k $5.3m $5.3m 0.01% Added +55.3k +55,324
72 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 107,059107.1k $5.3m $5.3m 0.04% Reduced -2.6k -2,556
73 Modera Wealth Management, LLC 0.06% of their portfolio WESTWOOD, NJ 103,069103.1k $5.1m $5.1m 0.06% Reduced -6.2k -6,242
74 ZAZOVE ASSOCIATES LLC 0.41% of their portfolio INCLINE VILLAGE, NV 100,000100.0k $5.0m $5.0m 0.41% Unchanged
75 Mariner, LLC 0.01% of their portfolio Overland Park, KS 97,85897.9k $4.9m $4.9m 0.01% Added +10.7k +10,704
76 CWC Advisors, LLC. 2.51% of their portfolio LAKE OSWEGO, OR 97,44097.4k $4.9m $4.9m 2.51% Added +2.4k +2,413
77 Kathmere Capital Management, LLC 0.36% of their portfolio WAYNE, PA 94,16794.2k $4.7m $4.7m 0.36% Reduced -49.0k -49,026
78 NewEdge Wealth, LLC 0.07% of their portfolio STAMFORD, CT 93,02493.0k $4.6m $4.6m 0.07% Reduced -72.3k -72,305
79 CWM, LLC 0.02% of their portfolio OMAHA, NE 92,54592.5k $4.6m $4.6m 0.02% Reduced -8.0k -7,983
80 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 87,86387.9k $4.4m $4.4m 0.01% Reduced -16.8k -16,776
81 HTG Investment Advisors, Inc. 1.62% of their portfolio NEW CANAAN, CT 87,13787.1k $4.3m $4.3m 1.62% Added +10.3k +10,297
82 Signature Wealth Management Group 1.71% of their portfolio ATLANTA, GA 86,95987.0k $4.3m $4.3m 1.71% Added +898 +898
83 Focus Financial Network, Inc. 0.16% of their portfolio MINNEAPOLIS, MN 82,75882.8k $4.1m $4.1m 0.16% Added +759 +759
84 WEBSTERROGERS FINANCIAL ADVISORS, LLC 1.31% of their portfolio FLORENCE, SC 82,41282.4k $4.1m $4.1m 1.31% Reduced -1.0k -1,011
85 Capital Investment Services of America, Inc. 0.37% of their portfolio MILWAUKEE, WI 82,08582.1k $4.1m $4.1m 0.37% Added +955 +955
86 SALEM INVESTMENT COUNSELORS INC 0.13% of their portfolio WINSTON-SALEM, NC 80,94180.9k $4.0m $4.0m 0.13% Added +3.7k +3,732
87 Fischer Financial Services, Inc. 1.18% of their portfolio HARRISBURG, PA 80,64080.6k $4.0m $4.0m 1.18% Added +11.2k +11,245
88 Pillar Financial Advisors, LLC 2.61% of their portfolio LOUISVILLE, KY 75,67475.7k $3.8m $3.8m 2.61% Added +1.9k +1,860
89 CENTRAL TRUST Co 0.09% of their portfolio JEFFERSON CITY, MO 75,22375.2k $3.8m $3.8m 0.09% Reduced -3.9k -3,867
90 SP Asset Management LLC 0.30% of their portfolio CUPERTINO, CA 73,82073.8k $3.7m $3.7m 0.30% Reduced -96 -96
91 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 73,03573.0k $3.6m $3.6m 0.00% Added +12.4k +12,365
92 Chicago Partners Investment Group LLC 0.10% of their portfolio CHICAGO, IL 71,48571.5k $3.6m $3.6m 0.10% Added +3.6k +3,559
93 Sagard Holdings Management Inc. 9.79% of their portfolio Toronto, A6 70,18070.2k $3.5m $3.5m 9.79% First filing
94 Aberdeen Wealth Management LLC 2.32% of their portfolio LAKE BLUFF, IL 69,95370.0k $3.5m $3.5m 2.32% Added +6.5k +6,530
95 Kensington Asset Management, LLC 0.26% of their portfolio AUSTIN, TX 69,09069.1k $3.4m $3.4m 0.26% New
96 MAI Capital Management 0.02% of their portfolio INDEPENDENCE, OH 68,76368.8k $3.4m $3.4m 0.02% Reduced -1.0k -1,042
97 Northwest Capital Management Inc 1.83% of their portfolio Lake Oswego, OR 67,90067.9k $3.4m $3.4m 1.83% Reduced -32.5k -32,531
98 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 66,54566.5k $3.3m $3.3m 0.03% Reduced -4.0k -3,958
99 PITCAIRN CO 0.21% of their portfolio CONSHOHOCKEN, PA 65,15565.2k $3.2m $3.2m 0.21% Unchanged
100 CARY STREET PARTNERS FINANCIAL LLC 0.09% of their portfolio RICHMOND, VA 63,52163.5k $3.2m $3.2m 0.09% Reduced -945 -945