Vault-13

VANGUARD CHARLOTTE FDS BNDX

TOTAL INT BD ETF · ETP · CUSIP 92203J407

990 institutional holders +56 vs Q1 2025
784,614,805784.6m shares reported held*
$37.5bnreported value*
117 new 473 added 299 reduced 73 sold out net bought ≈ $2.7bn (+54.4m 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 ($53.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.75. Options: 4 managers hold calls ($1.8m notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 683Q4 22: 752Q1 23: 734Q2 23: 744Q3 23: 763Q4 23: 839Q1 24: 840Q2 24: 834Q3 24: 866Q4 24: 937Q1 25: 934Q2 25: 990990Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022683
Q4 2022752
Q1 2023734
Q2 2023744
Q3 2023763
Q4 2023839
Q1 2024840
Q2 2024834
Q3 2024866
Q4 2024937
Q1 2025934
Q2 2025990

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 420 bought or addedQ3 23: 295 cut or sold outQ4 23: 420 bought or addedQ4 23: 350 cut or sold outQ4 23Q1 24: 503 bought or addedQ1 24: 314 cut or sold outQ2 24: 463 bought or addedQ2 24: 366 cut or sold outQ2 24Q3 24: 527 bought or addedQ3 24: 317 cut or sold outQ4 24: 504 bought or addedQ4 24: 336 cut or sold outQ4 24Q1 25: 509 bought or addedQ1 25: 421 cut or sold outQ2 25: 590 bought or addedQ2 25: 372 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023420295
Q4 2023420350
Q1 2024503314
Q2 2024463366
Q3 2024527317
Q4 2024504336
Q1 2025509421
Q2 2025590372

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $251.4kQ3 24 puts: $17.8mQ3 24P/C 70.96Q4 24 calls: $333.5kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $776.2kQ1 25 puts: $297.8kQ1 25P/C 0.38Q2 25 calls: $1.8mQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$251.4k$17.8m70.96
Q4 2024$333.5k$00.00
Q1 2025$776.2k$297.8k0.38
Q2 2025$1.8m$00.00

Biggest buyers

JPMORGAN CHASE & CO Added +11,725,325+11.7m
ROYAL BANK OF CANADA Added +8,377,333+8.4m
VANGUARD GROUP INC Added +5,802,878+5.8m
Venturi Wealth Management, LLC Added +2,564,661+2.6m
TIAA TRUST, NATIONAL ASSOCIATION New +2,007,061+2.0m
ALLIANCEBERNSTEIN L.P. Added +1,953,174+2.0m
ENVESTNET ASSET MANAGEMENT INC Added +1,805,878+1.8m
MERCER GLOBAL ADVISORS INC /ADV Added +1,678,276+1.7m
AMERIPRISE FINANCIAL INC Added +1,420,871+1.4m
BANK OF AMERICA CORP /DE/ Added +1,134,241+1.1m

Biggest sellers

Envestnet Portfolio Solutions, Inc. Reduced -844,645-844.6k
Atria Wealth Solutions, Inc. Reduced -837,825-837.8k
Betterment LLC Reduced -837,259-837.3k
Sequoia Financial Advisors, LLC Reduced -357,184-357.2k
Waterford Advisors, LLC Reduced -325,237-325.2k
Apella Capital, LLC Reduced -305,262-305.3k
VOYA INVESTMENT MANAGEMENT LLC Reduced -303,977-304.0k
Vawter Financial, Ltd. Reduced -224,641-224.6k
Geneos Wealth Management Inc. Reduced -208,133-208.1k
Estate Counselors, LLC Sold out -198,565-198.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5m31.2k shares
CITADEL ADVISORS LLC Reduced $217.8k4.4k shares
GROUP ONE TRADING LLC New $19.8k400 shares
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 0.82% of their portfolio NEW YORK, NY 242,242,270242.2m $12.0bn $12.0bn 0.82% Added +11.7m +11,725,325
2 BANK OF AMERICA CORP /DE/ 0.51% of their portfolio CHARLOTTE, NC 126,881,852126.9m $6.3bn $6.3bn 0.51% Added +1.1m +1,134,241
3 VANGUARD GROUP INC 0.06% of their portfolio Valley Forge, PA 69,168,14469.2m $3.4bn $3.4bn 0.06% Added +5.8m +5,802,878
4 ENVESTNET ASSET MANAGEMENT INC 0.90% of their portfolio Berwyn, PA 61,993,52362.0m $3.1bn $3.1bn 0.90% Added +1.8m +1,805,878
5 SAGESPRING WEALTH PARTNERS, LLC 0.62% of their portfolio FRANKLIN, TN 28,603,47528.6m $28.7m $28.7m 0.62% Added +354 +354
6 MERCER GLOBAL ADVISORS INC /ADV 2.91% of their portfolio DENVER, CO 26,149,01026.1m $1.3bn $1.3bn 2.91% Added +1.7m +1,678,276
7 Betterment LLC 1.85% of their portfolio NEW YORK, NY 17,523,97117.5m $867.6m $867.6m 1.85% Reduced -837.3k -837,259
8 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 16,268,69616.3m $805.5m $805.5m 0.08% Added +8.4m +8,377,333
9 SEI INVESTMENTS CO 0.59% of their portfolio OAKS, PA 10,194,71710.2m $504.7m $504.7m 0.59% Added +355.9k +355,929
10 LPL Financial LLC 0.17% of their portfolio FORT MILL, SC 10,140,08810.1m $502.0m $502.0m 0.17% Added +830.1k +830,145
11 Envestnet Portfolio Solutions, Inc. 1.65% of their portfolio BERWYN, PA 9,035,6909.0m $447.4m $447.4m 1.65% Reduced -844.6k -844,645
12 Empower Advisory Group, LLC 1.09% of their portfolio Greenwood Village, CO 7,343,9177.3m $363.6m $363.6m 1.09% Added +295.9k +295,940
13 ALLIANCEBERNSTEIN L.P. 0.12% of their portfolio NASHVILLE, TN 7,253,8827.3m $359.1m $359.1m 0.12% Added +2.0m +1,953,174
14 Savant Capital, LLC 2.40% of their portfolio ROCKFORD, IL 6,733,2456.7m $333.4m $333.4m 2.40% Added +682.9k +682,886
15 ASSETMARK, INC 0.67% of their portfolio CONCORD, CA 5,742,1535.7m $284.3m $284.3m 0.67% Added +162.7k +162,686
16 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 4,727,2914.7m $234.0m $234.0m 0.04% Added +203.4k +203,422
17 Cetera Investment Advisers 0.38% of their portfolio SCHAUMBURG, IL 4,514,1934.5m $223.5m $223.5m 0.38% Added +283.0k +283,013
18 LINCOLN NATIONAL CORP 6.16% of their portfolio RADNOR, PA 4,099,6784.1m $203.0m $203.0m 6.16% Reduced -29.1k -29,067
19 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,891,9023.9m $192.7m $192.7m 0.01% Added +146.6k +146,578
20 Cambridge Investment Research Advisors, Inc. 0.40% of their portfolio FAIRFIELD, IA 2,641,4422.6m $130.8m $130.8m 0.40% Added +3.7k +3,728
21 Venturi Wealth Management, LLC 6.29% of their portfolio AUSTIN, TX 2,571,7412.6m $127.3m $127.3m 6.29% Added +2.6m +2,564,661
22 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 2,447,9722.4m $121.2m $121.2m 0.03% Added +1.4m +1,420,871
23 &PARTNERS 0.90% of their portfolio NASHVILLE, TN 2,362,2942.4m $117.4m $117.4m 0.90% Added +706.7k +706,659
24 Sumitomo Mitsui DS Asset Management Company, Ltd 0.96% of their portfolio TOKYO, M0 2,147,5522.1m $106.3m $106.3m 0.96% Added +1.0m +1,036,292
25 Ally Invest Advisors Inc. 7.96% of their portfolio CHARLOTTE, NC 2,063,3112.1m $102.2m $102.2m 7.96% Added +49.3k +49,296
26 TIAA TRUST, NATIONAL ASSOCIATION 0.26% of their portfolio CHARLOTTE, NC 2,007,0612.0m $99.4m $99.4m 0.26% New
27 Vestmark Advisory Solutions, Inc. 1.33% of their portfolio Wakefield, MA 1,862,6221.9m $92.2m $92.2m 1.33% Added +1.0m +1,016,212
28 OSAIC HOLDINGS, INC. 0.16% of their portfolio SCOTTSDALE, AZ 1,792,5411.8m $88.6m $88.6m 0.16% Added +604.2k +604,216
29 Mirae Asset Global Investments Co., Ltd. 0.31% of their portfolio SEOUL, M5 1,784,9391.8m $88.4m $88.4m 0.31% Added +463.9k +463,906
30 Janney Montgomery Scott LLC 0.22% of their portfolio PHILADELPHIA, PA 1,696,2121.7m $84.0m $84.0m 0.22% Added +22.5k +22,525
31 Sensible Financial Planning & Management, LLC. 15.09% of their portfolio WALTHAM, MA 1,605,0191.6m $79.5m $79.5m 15.09% Added +43.8k +43,813
32 P/E Global LLC 15.63% of their portfolio BOSTON, MA 1,518,0131.5m $75.2m $75.2m 15.63% Added +87.2k +87,161
33 MML INVESTORS SERVICES, LLC 0.22% of their portfolio SPRINGFIELD, MA 1,517,7831.5m $75.1m $75.1m 0.22% Added +6.3k +6,278
34 Apella Capital, LLC 1.89% of their portfolio WEST HARTFORD, CT 1,413,8791.4m $69.7m $69.7m 1.89% Reduced -305.3k -305,262
35 Alaska Permanent Capital Management, LLC 5.07% of their portfolio ANCHORAGE, AK 1,323,8991.3m $65.4m $65.4m 5.07% Added +39.4k +39,410
36 Hardy Reed LLC 4.91% of their portfolio TUPELO, MS 1,236,6151.2m $61.2m $61.2m 4.91% Added +25.8k +25,758
37 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 1,231,0251.2m $60.9m $60.9m 0.02% Added +374.6k +374,602
38 Symmetry Partners, LLC 7.45% of their portfolio GLASTONBURY, CT 1,222,3951.2m $60.5m $60.5m 7.45% Added +137.9k +137,911
39 Prime Capital Investment Advisors, LLC 0.80% of their portfolio OVERLAND PARK, KS 1,218,2671.2m $60.3m $60.3m 0.80% Reduced -47.6k -47,551
40 Horizon Investments, LLC 0.94% of their portfolio Charlotte, NC 1,203,8981.2m $59.4m $59.4m 0.94% Added +844.8k +844,787
41 CX Institutional 2.01% of their portfolio AUBURN, IN 1,163,5111.2m $57.6m $57.6m 2.01% Added +547.9k +547,872
42 OneDigital Investment Advisors LLC 0.61% of their portfolio OVERLAND PARK, KS 1,107,3221.1m $54.8m $54.8m 0.61% Added +1.0m +1,020,344
43 Capstone Financial Advisors, Inc. 3.01% of their portfolio DOWNERS GROVE, IL 1,050,3981.1m $52.0m $52.0m 3.01% Reduced -1.7k -1,692
44 COUNTRY TRUST BANK 1.16% of their portfolio Bloomington, IL 1,048,0411.0m $51.9m $51.9m 1.16% Added +1.0k +1,047
45 Partners in Financial Planning 9.32% of their portfolio SALEM, VA 1,020,4011.0m $50.5m $50.5m 9.32% Added +48.3k +48,325
46 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 1,014,1471.0m $50.2m $50.2m 0.06% Reduced -9.2k -9,187
47 Pure Financial Advisors, LLC 0.86% of their portfolio SAN DIEGO, CA 989,643989.6k $49.0m $49.0m 0.86% Added +19.8k +19,753
48 CreativeOne Wealth, LLC 1.28% of their portfolio OVERLAND PARK, KS 985,436985.4k $48.8m $48.8m 1.28% Added +341.6k +341,647
49 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 955,339955.3k $47.3m $47.3m 0.01% Reduced -120.9k -120,940
50 Retirement Investment Advisors, Inc. 4.09% of their portfolio OKLAHOMA CITY, OK 917,482917.5k $45.4m $45.4m 4.09% Added +50.9k +50,926
51 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 908,073908.1k $45.0m $45.0m 0.06% Reduced -81.5k -81,475
52 PDS Planning, Inc 3.30% of their portfolio DUBLIN, OH 894,660894.7k $44.3m $44.3m 3.30% Added +53.0k +53,003
53 ECLECTIC ASSOCIATES INC /ADV 9.40% of their portfolio FULLERTON, CA 873,521873.5k $43.2m $43.2m 9.40% Added +18.1k +18,095
54 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 796,712796.7k $39.4m $39.4m 0.06% Added +100.4k +100,398
55 Hamilton Point Investment Advisors, LLC 6.34% of their portfolio CHAPEL HILL, NC 777,344777.3k $38.5m $38.5m 6.34% New
56 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 771,156771.2k $38.2m $38.2m 0.03% Added +110.7k +110,699
57 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 750,642750.6k $37.2m $37.2m 0.05% Reduced -52.2k -52,197
58 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 730,679730.7k $36.2m $36.2m 0.00% Added +718.1k +718,068
59 1832 Asset Management L.P. 0.06% of their portfolio TORONTO, A6 719,342719.3k $35.6m $35.6m 0.06% Added +19.2k +19,188
60 HANTZ FINANCIAL SERVICES, INC. 0.57% of their portfolio SOUTHFIELD, MI 716,306716.3k $35.5m $35.5m 0.57% Reduced -51.4k -51,358
61 UBS Group AG 0.01% of their portfolio ZURICH, V8 711,434711.4k $35.2m $35.2m 0.01% Added +132.1k +132,054
62 NewEdge Advisors, LLC 0.18% of their portfolio NEW ORLEANS, LA 689,338689.3k $34.1m $34.1m 0.18% Reduced -5.2k -5,220
63 Valmark Advisers, Inc. 0.45% of their portfolio AKRON, OH 657,216657.2k $32.5m $32.5m 0.45% Added +10.0k +9,997
64 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 654,539654.5k $32.4m $32.4m 0.02% Added +28.2k +28,214
65 Efficient Advisors, LLC 1.92% of their portfolio BEAVERTON, OR 649,572649.6k $32.2m $32.2m 1.92% Reduced -1.1k -1,089
66 Avion Wealth 7.17% of their portfolio THE WOODLANDS, TX 635,447635.4k $31.5m $31.5m 7.17% Added +43.6k +43,554
67 Orion Porfolio Solutions, LLC 0.26% of their portfolio OMAHA, NE 611,633611.6k $30.3m $30.3m 0.26% Added +13.1k +13,126
68 Clark Asset Management, LLC 4.11% of their portfolio STRATHAM, NH 609,721609.7k $30.2m $30.2m 4.11% Added +52.0k +51,973
69 PHILLIPS FINANCIAL MANAGEMENT, LLC 2.18% of their portfolio FORT WAYNE, IN 606,529606.5k $30.0m $30.0m 2.18% Reduced -260 -260
70 True Link Financial Advisors, LLC 2.01% of their portfolio SAN FRANCISCO, CA 588,571588.6k $29.1m $29.1m 2.01% Added +14.8k +14,803
71 Marotta Asset Management 5.71% of their portfolio CHARLOTTESVILLE, VA 574,702574.7k $28.5m $28.5m 5.71% Reduced -18.5k -18,504
72 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 561,114561.1k $27.8m $27.8m 0.03% Added +14.9k +14,859
73 RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio NEW YORK, NY 559,200559.2k $27.7m $27.7m 0.04% New
74 Northwest & Ethical Investments L.P. 0.68% of their portfolio TORONTO, A6 555,110555.1k $27.5m $27.5m 0.68% Added +267.8k +267,770
75 Human Investing LLC 4.25% of their portfolio LAKE OSWEGO, OR 545,326545.3k $27.0m $27.0m 4.25% Added +21.6k +21,601
76 MilWealth Group LLC 6.85% of their portfolio MILWAUKEE, WI 537,292537.3k $26.6m $26.6m 6.85% Added +108 +108
77 Wedmont Private Capital 1.11% of their portfolio WEST CHESTER, PA 529,679529.7k $26.1m $26.1m 1.11% Added +15.5k +15,527
78 Trek Financial, LLC 1.73% of their portfolio Scottsdale, AZ 522,448522.4k $25.9m $25.9m 1.73% Added +422.8k +422,813
79 Full Sail Capital, LLC 1.48% of their portfolio OKLAHOMA CITY, OK 516,297516.3k $25.6m $25.6m 1.48% Added +31.6k +31,626
80 Financiere des Professionnels - Fonds d'investissement inc. 1.52% of their portfolio MONTREAL, A8 508,000508.0k $25.2m $25.2m 1.52% New
81 BURRUS FINANCIAL SERVICES, INC. 12.03% of their portfolio SALT LAKE CITY, UT 507,916507.9k $25.1m $25.1m 12.03% Added +6.5k +6,498
82 HSBC HOLDINGS PLC 0.02% of their portfolio LONDON, X0 496,979497.0k $24.6m $24.6m 0.02% Added +389.2k +389,221
83 Alaska Wealth Advisors, LLC 3.48% of their portfolio ANCHORAGE, AK 490,069490.1k $24.3m $24.3m 3.48% Reduced -23.8k -23,793
84 Hassell Wealth Management, LLC 8.75% of their portfolio Houma, LA 486,359486.4k $23.9m $23.9m 8.75% Added +33.2k +33,156
85 Silver Oak Advisory Group, Inc. 11.39% of their portfolio PORTLAND, OR 474,856474.9k $23.5m $23.5m 11.39% Added +14.3k +14,273
86 Ascent Group, LLC 0.88% of their portfolio VIRGINIA BEACH, VA 458,440458.4k $22.7m $22.7m 0.88% Added +360.2k +360,192
87 Evolution Advisers, Inc. 10.77% of their portfolio RICHMOND, VA 443,873443.9k $22.0m $22.0m 10.77% Added +11.7k +11,713
88 Burton Enright Welch 3.79% of their portfolio WALNUT CREEK, CA 441,911441.9k $21.9m $21.9m 3.79% New
89 Discipline Wealth Solutions, LLC 8.36% of their portfolio GREENVILLE, SC 441,039441.0k $21.8m $21.8m 8.36% Added +40.0k +39,952
90 Avior Wealth Management, LLC 0.73% of their portfolio OMAHA, NE 426,946426.9k $21.1m $21.1m 0.73% Added +6.6k +6,634
91 CWM, LLC 0.07% of their portfolio OMAHA, NE 424,200424.2k $21.0m $21.0m 0.07% Added +49.0k +48,991
92 OAK HILL WEALTH ADVISORS, LLC 4.27% of their portfolio LANSDOWNE, VA 418,438418.4k $20.6m $20.6m 4.27% Added +17.8k +17,845
93 Cranbrook Wealth Management, LLC 4.34% of their portfolio Bloomfield Hills, MI 410,836410.8k $20.3m $20.3m 4.34% Reduced -12.3k -12,333
94 Atria Investments, Inc 0.24% of their portfolio Charlotte, NC 410,259410.3k $20.3m $20.3m 0.24% Added +35.8k +35,848
95 GeoWealth Management, LLC 0.79% of their portfolio CHICAGO, IL 409,064409.1k $20.3m $20.3m 0.79% Reduced -9.5k -9,505
96 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 406,974407.0k $20.1m $20.1m 0.00% Reduced -17.9k -17,908
97 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 399,474399.5k $19.8m $19.8m 0.10% Added +50.8k +50,754
98 Wiser Wealth Management, Inc 4.94% of their portfolio MARIETTA, GA 398,643398.6k $19.7m $19.7m 4.94% Added +23.1k +23,124
99 Flagstone Financial Management 5.62% of their portfolio LINCOLN, NE 395,760395.8k $19.6m $19.6m 5.62% Added +30.1k +30,141
100 Sanctuary Advisors, LLC 0.12% of their portfolio INDIANAPOLIS, IN 395,568395.6k $19.6m $19.6m 0.12% Added +263.2k +263,155