Vault-13

VANGUARD BD INDEX FDS VUSB

VANGUARD ULTRA · ETP · CUSIP 92203C303

387 institutional holders +27 vs Q2 2025
87,040,93187.0m shares reported held*
$4.4bnreported value*
53 new 161 added 108 reduced 28 sold out net bought ≈ $1.4bn (+28.2m 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 ≈ $50.03.

Trends to Q3 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: 360Q3 25: 387387Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025387

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 123 bought or addedQ4 23: 145 cut or sold outQ1 24: 141 bought or addedQ1 24: 131 cut or sold outQ1 24Q2 24: 129 bought or addedQ2 24: 139 cut or sold outQ3 24: 130 bought or addedQ3 24: 139 cut or sold outQ3 24Q4 24: 137 bought or addedQ4 24: 133 cut or sold outQ1 25: 186 bought or addedQ1 25: 132 cut or sold outQ1 25Q2 25: 184 bought or addedQ2 25: 127 cut or sold outQ3 25: 214 bought or addedQ3 25: 136 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023123145
Q1 2024141131
Q2 2024129139
Q3 2024130139
Q4 2024137133
Q1 2025186132
Q2 2025184127
Q3 2025214136

Biggest buyers

JPMORGAN CHASE & CO Added +26,383,171+26.4m
Spectrum Asset Management, Inc. (NB/CA) New +428,467+428.5k
Eagle Capital Management, LLC New +370,973+371.0k
NKCFO LLC New +349,250+349.2k
BANK OF AMERICA CORP /DE/ Added +267,386+267.4k
HighTower Advisors, LLC Added +251,805+251.8k
RAFFA WEALTH MANAGEMENT, LLC Added +188,819+188.8k
Alpha Omega Wealth Management LLC Added +161,584+161.6k
CAPTRUST FINANCIAL ADVISORS Added +161,503+161.5k
Blue Trust, Inc. Added +157,980+158.0k

Biggest sellers

Alpine Bank Wealth Management Reduced -735,533-735.5k
ROYAL BANK OF CANADA Reduced -356,224-356.2k
Bank of New York Mellon Corp Reduced -248,312-248.3k
CITADEL ADVISORS LLC Sold out -176,621-176.6k
Siligmueller & Norvid Wealth Advisors LLC Reduced -140,931-140.9k
Ashton Thomas Private Wealth, LLC Sold out -110,948-110.9k
HORIZON KINETICS ASSET MANAGEMENT LLC Reduced -98,261-98.3k
JANE STREET GROUP, LLC Sold out -87,863-87.9k
Global Wealth Management, LLC Reduced -81,598-81.6k
Sagard Holdings Management Inc. Sold out -70,180-70.2k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 48,131,44448.1m $2.4bn $2.4bn 0.08% Added +26.4m +26,383,171
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,785,3932.8m $139.3m $139.3m 0.01% Added +267.4k +267,386
3 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,546,7862.5m $127.3m $127.3m 0.03% Added +116.3k +116,265
4 Bramshill Investments, LLC 8.55% of their portfolio NAPLES, FL 2,503,0232.5m $125.1m $125.1m 8.55% Added +46.6k +46,616
5 Blue Trust, Inc. 1.13% of their portfolio BRENTWOOD, TN 2,016,2102.0m $100.8m $100.8m 1.13% Added +158.0k +157,980
6 Wharton Business Group, LLC 2.99% of their portfolio MALVERN, PA 1,367,9241.4m $68.4m $68.4m 2.99% Added +57.9k +57,905
7 HighTower Advisors, LLC 0.08% of their portfolio CHICAGO, IL 1,325,8381.3m $66.3m $66.3m 0.08% Added +251.8k +251,805
8 Avion Wealth 12.59% of their portfolio THE WOODLANDS, TX 1,174,2681.2m $58.7m $58.7m 12.59% Added +25.0k +24,958
9 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 1,168,7061.2m $58.4m $58.4m 0.02% Added +119.0k +118,962
10 Pacific Center for Financial Services 12.77% of their portfolio DANVILLE, CA 1,001,8371.0m $50.1m $50.1m 12.77% Added +33.5k +33,527
11 Red Wave Investments LLC 9.77% of their portfolio DILLSBURG, PA 637,273637.3k $31.9m $31.9m 9.77% Added +11.0k +10,988
12 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 560,826560.8k $28.0m $28.0m 0.01% Added +138.1k +138,114
13 Alpine Bank Wealth Management 3.65% of their portfolio GRAND JUNCTION, CO 518,045518.0k $25.9m $25.9m 3.65% Reduced -735.5k -735,533
14 David Kennon Inc 9.16% of their portfolio SARASOTA, FL 508,769508.8k $25.4m $25.4m 9.16% Reduced -18.1k -18,117
15 Global Wealth Management, LLC 12.84% of their portfolio KINGSTON, NJ 489,381489.4k $24.5m $24.5m 12.84% Reduced -81.6k -81,598
16 RAFFA WEALTH MANAGEMENT, LLC 4.37% of their portfolio WASHINGTON, DC 486,770486.8k $24.3m $24.3m 4.37% Added +188.8k +188,819
17 Fonville Wealth Management LLC 5.04% of their portfolio RICHMOND, VA 447,651447.7k $22.4m $22.4m 5.04% Added +20.1k +20,059
18 Alpha Omega Wealth Management LLC 3.72% of their portfolio RICHMOND, VA 447,448447.4k $22.4m $22.4m 3.72% Added +161.6k +161,584
19 Spectrum Asset Management, Inc. (NB/CA) 7.53% of their portfolio NEWPORT BEACH, CA 428,467428.5k $21.4m $21.4m 7.53% New
20 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 424,271424.3k $21.2m $21.2m 0.06% Added +29.6k +29,570
21 Waverly Advisors, LLC 0.21% of their portfolio BIRMINGHAM, AL 418,926418.9k $20.9m $20.9m 0.21% Reduced -7.6k -7,629
22 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 390,963391.0k $19.5m $19.5m 0.03% Added +78.0k +78,023
23 Valtinson Bruner Financial Planning LLC 5.69% of their portfolio NEW BRIGHTON, MN 384,207384.2k $19.2m $19.2m 5.69% Reduced -13.1k -13,060
24 Eagle Capital Management, LLC 7.01% of their portfolio MANDEVILLE, LA 370,973371.0k $18.5m $18.5m 7.01% New
25 NKCFO LLC 5.26% of their portfolio GENEVA, IL 349,250349.2k $17.5m $17.5m 5.26% New
26 Coyle Financial Counsel LLC 3.99% of their portfolio Glenview, IL 345,905345.9k $17.3m $17.3m 3.99% Added +59.6k +59,580
27 Fortis Advisors, LLC 9.75% of their portfolio WAYNE, PA 342,048342.0k $17.1m $17.1m 9.75% Reduced -3.0k -3,019
28 LOWE BROCKENBROUGH & CO INC 0.87% of their portfolio RICHMOND, VA 338,149338.1k $16.9m $16.9m 0.87% Added +30.9k +30,901
29 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 318,564318.6k $15.9m $15.9m 0.00% Reduced -356.2k -356,224
30 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 308,381308.4k $15.4m $15.4m 0.03% Added +161.5k +161,503
31 Clarius Group, LLC 0.91% of their portfolio SEATTLE, WA 308,142308.1k $15.4m $15.4m 0.91% Added +3.5k +3,461
32 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 307,846307.8k $15.4m $15.4m 0.02% Reduced -5.2k -5,177
33 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 296,982297.0k $14.8m $14.8m 0.01% Added +10.5k +10,468
34 Mesirow Financial Investment Management, Inc. 0.24% of their portfolio CHICAGO, IL 270,825270.8k $13.5m $13.5m 0.24% Reduced -17.8k -17,789
35 TruWealth Advisors, LLC 0.67% of their portfolio Metairie, LA 265,916265.9k $13.3m $13.3m 0.67% Added +20.3k +20,336
36 HORIZON KINETICS ASSET MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 263,822263.8k $13.2m $13.2m 0.16% Reduced -98.3k -98,261
37 Kestra Advisory Services, LLC 0.06% of their portfolio AUSTIN, TX 243,232243.2k $12.2m $12.2m 0.06% Added +35.4k +35,360
38 BlueChip Wealth Advisors LLC 4.96% of their portfolio Milton, GA 232,153232.2k $11.6m $11.6m 4.96% Added +23.1k +23,055
39 Colony Family Offices, LLC 3.00% of their portfolio CHARLOTTE, NC 231,631231.6k $11.6m $11.6m 3.00% Reduced -32.4k -32,369
40 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 229,465229.5k $11.4m $11.4m 0.02% Added +7.0k +7,023
41 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 224,666224.7k $11.2m $11.2m 0.02% Added +101.6k +101,572
42 FOUNDERS GROVE WEALTH PARTNERS, LLC 2.61% of their portfolio RICHMOND, VA 221,737221.7k $11.1m $11.1m 2.61% Added +5.4k +5,371
43 KITCHING PARTNERS, LLC 9.95% of their portfolio CONSHOHOCKEN, PA 210,610210.6k $10.5m $10.5m 9.95% Added +4.3k +4,323
44 SpringVest Wealth Management LLC 7.68% of their portfolio DALLAS, TX 208,889208.9k $10.4m $10.4m 7.68% Added +18.4k +18,378
45 AE Wealth Management LLC 0.06% of their portfolio TOPEKA, KS 192,044192.0k $9.6m $9.6m 0.06% Reduced -36.3k -36,256
46 Kensington Asset Management, LLC 0.57% of their portfolio AUSTIN, TX 189,035189.0k $9.5m $9.5m 0.57% Added +119.9k +119,945
47 ECLECTIC ASSOCIATES INC /ADV 1.72% of their portfolio FULLERTON, CA 187,890187.9k $9.4m $9.4m 1.72% Reduced -11.6k -11,578
48 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 181,591181.6k $9.1m $9.1m 0.00% Added +11.2k +11,167
49 Apella Capital, LLC 0.20% of their portfolio WEST HARTFORD, CT 180,871180.9k $9.0m $9.0m 0.20% Added +15.4k +15,411
50 McClarren Financial Advisors, Inc. 7.29% of their portfolio STATE COLLEGE, PA 175,913175.9k $11.9m $11.9m 7.29% Reduced -66.1k -66,082
51 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 175,396175.4k $8.8m $8.8m 0.02% Added +1.1k +1,069
52 Schulz Wealth, LTD. 5.61% of their portfolio MANSFIELD, TX 169,659169.7k $8.5m $8.5m 5.61% Added +2.1k +2,141
53 Cetera Investment Advisers 0.01% of their portfolio SCHAUMBURG, IL 167,857167.9k $8.4m $8.4m 0.01% Added +18.8k +18,816
54 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 160,298160.3k $8.0m $8.0m 0.02% Reduced -21.8k -21,778
55 TITLEIST ASSET MANAGEMENT, LLC 0.69% of their portfolio SAN ANTONIO, TX 157,220157.2k $7.9m $7.9m 0.69% Added +23.0k +22,953
56 NVWM, LLC 1.76% of their portfolio YARDLEY, PA 156,445156.4k $7.8m $7.8m 1.76% Reduced -482 -482
57 MorganRosel Wealth Management, LLC 2.01% of their portfolio HIGHLANDS RANCH, CO 155,492155.5k $7.8m $7.8m 2.01% Added +39.4k +39,426
58 Signature Wealth Management Group 2.89% of their portfolio ATLANTA, GA 149,140149.1k $7.5m $7.5m 2.89% Added +62.2k +62,181
59 Capital Analysts, LLC 0.21% of their portfolio FORT WASHINGTON, PA 143,497143.5k $7.2m $7.2m 0.21% Reduced -17.9k -17,886
60 Enclave Advisors LLC 1.09% of their portfolio AUSTIN, TX 142,672142.7k $7.1m $7.1m 1.09% Added +3.6k +3,634
61 Roberts Wealth Advisors, LLC 1.85% of their portfolio PALO ALTO, CA 139,383139.4k $7.0m $7.0m 1.85% Reduced -60.0k -60,014
62 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 137,467137.5k $6.9m $6.9m 0.00% Added +628 +628
63 OneDigital Investment Advisors LLC 0.07% of their portfolio OVERLAND PARK, KS 136,038136.0k $6.8m $6.8m 0.07% Added +18.1k +18,116
64 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 135,978136.0k $6.8m $6.8m 0.04% Added +28.9k +28,919
65 FOUNDERS FINANCIAL SECURITIES LLC 0.43% of their portfolio TOWSON, MD 125,935125.9k $6.3m $6.3m 0.43% Reduced -3.8k -3,768
66 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 122,308122.3k $6.1m $6.1m 0.01% Reduced -993 -993
67 Palisades Hudson Asset Management, L.P. 2.19% of their portfolio FORT LAUDERDALE, FL 120,612120.6k $6.0m $6.0m 2.19% Added +7.1k +7,131
68 Kintayl Capital LP 4.14% of their portfolio NEW YORK, NY 120,600120.6k $6.0m $6.0m 4.14% Unchanged
69 Crews Bank & Trust 0.87% of their portfolio PORT CHARLOTTE, FL 118,523118.5k $5.9m $5.9m 0.87% Reduced -1.3k -1,340
70 Mariner, LLC 0.01% of their portfolio Overland Park, KS 104,829104.8k $5.2m $5.2m 0.01% Added +7.0k +6,971
71 Pine Harbor Wealth Management, LLC 1.67% of their portfolio FAIRFAX, VA 104,055104.1k $5.2m $5.2m 1.67% Reduced -9.5k -9,484
72 HTG Investment Advisors, Inc. 1.75% of their portfolio NEW CANAAN, CT 104,037104.0k $5.2m $5.2m 1.75% Added +16.9k +16,900
73 KEYNOTE FINANCIAL SERVICES LLC 3.10% of their portfolio VERNON, CT 102,681102.7k $5.1m $5.1m 3.10% Added +46.9k +46,941
74 Modera Wealth Management, LLC 0.06% of their portfolio WESTWOOD, NJ 102,503102.5k $5.1m $5.1m 0.06% Reduced -566 -566
75 HARBOUR INVESTMENT MANAGEMENT LLC 2.19% of their portfolio EDMONDS, WA 100,825100.8k $5.0m $5.0m 2.19% Added +54.8k +54,797
76 ZAZOVE ASSOCIATES LLC 0.45% of their portfolio INCLINE VILLAGE, NV 100,000100.0k $5.0m $5.0m 0.45% Unchanged
77 NewEdge Wealth, LLC 0.07% of their portfolio STAMFORD, CT 99,72599.7k $5.0m $5.0m 0.07% Added +6.7k +6,701
78 CWC Advisors, LLC. 2.39% of their portfolio LAKE OSWEGO, OR 97,80397.8k $4.9m $4.9m 2.39% Added +363 +363
79 Chicago Partners Investment Group LLC 0.13% of their portfolio CHICAGO, IL 95,74795.7k $4.8m $4.8m 0.13% Added +24.3k +24,262
80 SALEM INVESTMENT COUNSELORS INC 0.14% of their portfolio WINSTON-SALEM, NC 94,90694.9k $4.7m $4.7m 0.14% Added +14.0k +13,965
81 Leeward Financial Partners, LLC 1.30% of their portfolio Bellevue, WA 91,06491.1k $4.6m $4.6m 1.30% Reduced -31.9k -31,858
82 Kathmere Capital Management, LLC 0.32% of their portfolio WAYNE, PA 90,92890.9k $4.5m $4.5m 0.32% Reduced -3.2k -3,239
83 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 90,48390.5k $4.5m $4.5m 0.04% New
84 ASPIRIANT, LLC 0.13% of their portfolio San Francisco, CA 86,91386.9k $4.3m $4.3m 0.13% Added +24.0k +23,987
85 WEBSTERROGERS FINANCIAL ADVISORS, LLC 1.25% of their portfolio FLORENCE, SC 83,54583.5k $4.2m $4.2m 1.25% Added +1.1k +1,133
86 Focus Financial Network, Inc. 0.15% of their portfolio MINNEAPOLIS, MN 82,91682.9k $4.1m $4.1m 0.15% Added +158 +158
87 Fischer Financial Services, Inc. 1.10% of their portfolio HARRISBURG, PA 81,96582.0k $4.1m $4.1m 1.10% Added +1.3k +1,325
88 MAI Capital Management 0.03% of their portfolio INDEPENDENCE, OH 81,83381.8k $4.1m $4.1m 0.03% Added +13.1k +13,070
89 Capital Investment Services of America, Inc. 0.35% of their portfolio MILWAUKEE, WI 79,75079.8k $4.0m $4.0m 0.35% Reduced -2.3k -2,335
90 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 77,33077.3k $3.9m $3.9m 0.00% Added +4.3k +4,295
91 Pillar Financial Advisors, LLC 2.41% of their portfolio LOUISVILLE, KY 76,60276.6k $3.8m $3.8m 2.41% Added +928 +928
92 SP Asset Management LLC 0.30% of their portfolio CUPERTINO, CA 74,67174.7k $3.7m $3.7m 0.30% Added +851 +851
93 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 74,51674.5k $3.7m $3.7m 0.01% Added +36.2k +36,179
94 CENTRAL TRUST Co 0.08% of their portfolio JEFFERSON CITY, MO 74,21374.2k $3.7m $3.7m 0.08% Reduced -1.0k -1,010
95 LOWERY THOMAS, LLC 2.04% of their portfolio PEBBLE BEACH, CA 70,67570.7k $3.5m $3.5m 2.04% Added +18.7k +18,727
96 IHT Wealth Management, LLC 0.09% of their portfolio Chicago, IL 70,03870.0k $3.5m $3.5m 0.09% Added +44.1k +44,056
97 Walker Financial Services, Inc. 1.36% of their portfolio BOWLING GREEN, KY 69,82069.8k $3.5m $3.5m 1.36% Added +14.6k +14,583
98 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 68,33468.3k $3.4m $3.4m 0.03% Added +1.8k +1,789
99 Aberdeen Wealth Management LLC 2.12% of their portfolio LAKE BLUFF, IL 67,48167.5k $3.4m $3.4m 2.12% Reduced -2.5k -2,472
100 Paragon Private Wealth Management, LLC 1.08% of their portfolio LEXINGTON, KY 65,68165.7k $3.3m $3.3m 1.08% Added +4.7k +4,680