Vault-13

VANGUARD INTL EQUITY INDEX F VWO

FTSE EMR MKT ETF · ETP · CUSIP 922042858

1,919 institutional holders +14 vs Q4 2022
1,213,513,3141.2bn shares reported held*
$48.8bnreported value*
113 new 910 added 683 reduced 84 sold out net bought ≈ $1.3bn (+41.5m 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 ($85.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.20. Options: 4 managers hold calls ($54.4m notional), 5 hold puts ($89.3m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,788Q4 22: 1,905Q1 23: 1,9191,919Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20221,788
Q4 20221,905
Q1 20231,919

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ4 22: 896 bought or addedQ4 22: 846 cut or sold outQ4 22Q1 23: 1,023 bought or addedQ1 23: 767 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022896846
Q1 20231,023767

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 22 calls: $81.9mQ3 22 puts: $21.8mQ3 22P/C 0.27Q4 22 calls: $69.7mQ4 22 puts: $68.4mQ4 22P/C 0.98Q1 23 calls: $54.4mQ1 23 puts: $89.3mQ1 23P/C 1.64
Numbers
QuarterCallsPutsP/C
Q3 2022$81.9m$21.8m0.27
Q4 2022$69.7m$68.4m0.98
Q1 2023$54.4m$89.3m1.64

Biggest buyers

ENVESTNET ASSET MANAGEMENT INC Added +8,015,875+8.0m
BANK OF AMERICA CORP /DE/ Added +4,112,351+4.1m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +3,458,504+3.5m
Summit Wealth Group, LLC New +3,421,263+3.4m
MORGAN STANLEY Added +3,339,631+3.3m
SUMITOMO LIFE INSURANCE CO New +2,864,206+2.9m
CIBC Private Wealth Group LLC Added +2,804,846+2.8m
UBS Group AG Added +2,536,295+2.5m
Tidal Investments LLC Added +2,409,956+2.4m
NORTHERN TRUST CORP Added +1,895,474+1.9m

Biggest sellers

JANE STREET GROUP, LLC Reduced -6,205,304-6.2m
Bridgewater Associates, LP Reduced -5,357,437-5.4m
Wealthfront Advisers LLC Reduced -4,116,478-4.1m
MBB PUBLIC MARKETS I LLC Reduced -2,175,643-2.2m
Litman Gregory Wealth Management LLC Sold out -1,804,487-1.8m
EP Wealth Advisors, LLC Reduced -1,738,093-1.7m
BlackRock Inc. Reduced -913,952-914.0k
COLONY GROUP LLC Reduced -773,962-774.0k
CITADEL ADVISORS LLC Reduced -731,697-731.7k
Money Design Co.,Ltd. Reduced -678,308-678.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $44.5m1.1m shares
CITADEL ADVISORS LLC Added $9.9m244.6k shares
Cutler Group LLC / CA Reduced $27.0k11.9k shares
Walleye Trading LLC Unchanged $16.2k400 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $46.4m1.1m shares
CITADEL ADVISORS LLC Added $25.1m621.2k shares
WELLS FARGO & COMPANY/MN Added $17.0m420.8k shares
Walleye Trading LLC Added $771.6k19.1k shares
Cutler Group LLC / CA Reduced $8.0k70.4k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.37% of their portfolio CHARLOTTE, NC 80,014,26680.0m $3.2bn $3.2bn 0.37% Added +4.1m +4,112,351
2 Betterment LLC 9.49% of their portfolio NEW YORK, NY 72,563,77872.6m $2.9bn $2.9bn 9.49% Added +787.1k +787,088
3 VANGUARD GROUP INC 0.06% of their portfolio Valley Forge, PA 59,767,76259.8m $2.4bn $2.4bn 0.06% Added +1.5m +1,468,168
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 3.34% of their portfolio MILWAUKEE, WI 59,217,48559.2m $2.4bn $2.4bn 3.34% Added +3.5m +3,458,504
5 MORGAN STANLEY 0.21% of their portfolio NEW YORK, NY 49,291,24849.3m $2.0bn $2.0bn 0.21% Added +3.3m +3,339,631
6 JONES FINANCIAL COMPANIES LLLP 3.08% of their portfolio DES PERES, MO 46,363,56046.4m $1.9bn $1.9bn 3.08% Added +88.7k +88,662
7 WELLS FARGO & COMPANY/MN 0.57% of their portfolio SAN FRANCISCO, CA 46,104,10146.1m $1.9bn $1.9bn 0.57% Added +652.5k +652,468
8 ENVESTNET ASSET MANAGEMENT INC 0.70% of their portfolio Berwyn, PA 42,213,09442.2m $1.5bn $1.5bn 0.70% Added +8.0m +8,015,875
9 Wealthfront Advisers LLC 7.07% of their portfolio Palo Alto, CA 38,499,13038.5m $1.6bn $1.6bn 7.07% Reduced -4.1m -4,116,478
10 Empower Advisory Group, LLC 4.79% of their portfolio Greenwood Village, CO 26,317,28626.3m $1.1bn $1.1bn 4.79% First filing
11 NORTHERN TRUST CORP 0.18% of their portfolio CHICAGO, IL 22,744,12022.7m $918.9m $918.9m 0.18% Added +1.9m +1,895,474
12 Creative Planning 1.31% of their portfolio OVERLAND PARK, KS 22,453,78022.5m $907.1m $907.1m 1.31% Added +27.6k +27,600
13 GOLDMAN SACHS GROUP INC 0.24% of their portfolio NEW YORK, NY 21,641,46921.6m $874.3m $874.3m 0.24% Reduced -483.3k -483,339
14 UBS Group AG 0.36% of their portfolio ZURICH, V8 19,171,99219.2m $774.5m $774.5m 0.36% Added +2.5m +2,536,295
15 Financial Engines Advisors L.L.C. 1.96% of their portfolio SANTA CLARA, CA 18,246,02018.2m $737.1m $737.1m 1.96% Added +420.4k +420,409
16 Bank of New York Mellon Corp 0.15% of their portfolio NEW YORK, NY 17,017,32117.0m $687.5m $687.5m 0.15% Added +93.6k +93,581
17 South Dakota Investment Council 13.56% of their portfolio SIOUX FALLS, SD 15,756,87115.8m $636.6m $636.6m 13.56% Added +7.6k +7,615
18 WealthNavi Inc. 10.74% of their portfolio Shinagawa-ku, TOKYO, M0 15,601,02215.6m $630.3m $630.3m 10.74% Added +779.1k +779,092
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 5.97% of their portfolio PLYMOUTH, MN 12,677,33112.7m $512.2m $512.2m 5.97% Added +837.5k +837,490
20 PNC Financial Services Group, Inc. 0.40% of their portfolio Pittsburgh, PA 11,309,80211.3m $456.9m $456.9m 0.40% Added +187.7k +187,723
21 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 11,149,31611.1m $450.4m $450.4m 0.13% Added +149.3k +149,299
22 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 10,755,45210.8m $434.5m $434.5m 0.06% Added +863.1k +863,111
23 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 4.26% of their portfolio OMAHA, NE 10,281,36810.3m $415.4m $415.4m 4.26% Reduced -346.3k -346,320
24 TIAA, FSB 1.44% of their portfolio ST. LOUIS, MO 9,577,6029.6m $386.9m $386.9m 1.44% Added +103.4k +103,403
25 LPL Financial LLC 0.30% of their portfolio FORT MILL, SC 9,471,9699.5m $382.7m $382.7m 0.30% Added +390.2k +390,158
26 SEI INVESTMENTS CO 0.70% of their portfolio OAKS, PA 9,295,5359.3m $375.5m $375.5m 0.70% Added +50.9k +50,900
27 Mariner, LLC 1.04% of their portfolio Overland Park, KS 8,855,9248.9m $357.8m $357.8m 1.04% Added +751.9k +751,906
28 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.20% of their portfolio Toronto, A6 8,595,1498.6m $347.2m $347.2m 0.20% Added +1.1m +1,114,283
29 Bridgewater Associates, LP 2.09% of their portfolio Westport, CT 8,471,1048.5m $342.2m $342.2m 2.09% Reduced -5.4m -5,357,437
30 US BANCORP \DE\ 0.53% of their portfolio MINNEAPOLIS, MN 7,728,5317.7m $312.2m $312.2m 0.53% Added +705.9k +705,854
31 CIBC Private Wealth Group LLC 0.41% of their portfolio ATLANTA, GA 7,158,3267.2m $373.9m $373.9m 0.41% Added +2.8m +2,804,846
32 J.P. Morgan Private Wealth Advisors LLC 0.56% of their portfolio SAN FRANCISCO, CA 6,477,0966.5m $261.7m $261.7m 0.56% Added +523.6k +523,603
33 COMMONWEALTH EQUITY SERVICES, LLC 0.55% of their portfolio WALTHAM, MA 6,454,8506.5m $260.8m $260.8m 0.55% Added +408.9k +408,859
34 CITIGROUP INC 0.35% of their portfolio NEW YORK, NY 6,409,2106.4m $258.9m $258.9m 0.35% Added +237.7k +237,676
35 MATHER GROUP, LLC. 4.55% of their portfolio CHICAGO, IL 6,346,6016.3m $256.4m $256.4m 4.55% Added +347.3k +347,321
36 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 15.10% of their portfolio Tel Aviv, L3 6,001,2406.0m $242.4m $242.4m 15.10% Unchanged
37 OSAIC HOLDINGS, INC. 0.45% of their portfolio SCOTTSDALE, AZ 5,965,9856.0m $241.1m $241.1m 0.45% Added +232.1k +232,066
38 Baird Financial Group, Inc. 0.55% of their portfolio MILWAUKEE, WI 5,516,3565.5m $222.9m $222.9m 0.55% Reduced -68.1k -68,141
39 KEYBANK NATIONAL ASSOCIATION/OH 1.00% of their portfolio BROOKLYN, OH 5,204,5135.2m $210.3m $210.3m 1.00% Added +174.5k +174,549
40 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 4,813,1774.8m $194.5m $194.5m 0.06% Reduced -462.6k -462,587
41 STIFEL FINANCIAL CORP 0.27% of their portfolio ST. LOUIS, MO 4,576,8344.6m $184.9m $184.9m 0.27% Added +72.2k +72,240
42 MBB PUBLIC MARKETS I LLC 10.68% of their portfolio CHICAGO, IL 4,566,4444.6m $184.5m $184.5m 10.68% Reduced -2.2m -2,175,643
43 Tidal Investments LLC 3.11% of their portfolio Milwaukee, WI 4,508,0744.5m $182.1m $182.1m 3.11% Added +2.4m +2,409,956
44 SIGNATUREFD, LLC 4.92% of their portfolio ATLANTA, GA 4,459,8534.5m $180.2m $180.2m 4.92% Added +354.6k +354,578
45 RAYMOND JAMES & ASSOCIATES 0.15% of their portfolio ST PETERSBURG, FL 4,134,0724.1m $167.0m $167.0m 0.15% Added +1.1m +1,118,309
46 HighTower Advisors, LLC 0.36% of their portfolio CHICAGO, IL 4,075,9794.1m $164.6m $164.6m 0.36% Added +209.0k +208,971
47 Valmark Advisers, Inc. 3.17% of their portfolio AKRON, OH 3,647,2733.6m $147.3m $147.3m 3.17% Reduced -387.5k -387,494
48 M&T Bank Corp 0.57% of their portfolio BUFFALO, NY 3,620,3273.6m $146.3m $146.3m 0.57% Reduced -304.1k -304,099
49 ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio NASHVILLE, TN 3,515,6183.5m $142.0m $142.0m 0.06% Added +1.2m +1,237,081
50 Summit Wealth Group, LLC 0.23% of their portfolio WHITE RIVER JUNCTION, VT 3,421,2633.4m $85 $85 0.23% New
51 SCS Capital Management LLC 4.03% of their portfolio BOSTON, MA 3,387,1823.4m $136.8m $136.8m 4.03% Reduced -71.3k -71,350
52 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 3,384,2043.4m $137.2m $137.2m 0.06% Added +449.2k +449,230
53 Corient Private Wealth LP 0.35% of their portfolio MIAMI, FL 3,233,0943.2m $130.6m $130.6m 0.35% Added +403.6k +403,613
54 JANE STREET GROUP, LLC 0.21% of their portfolio NEW YORK, NY 2,957,6303.0m $119.5m $119.5m 0.21% Reduced -6.2m -6,205,304
55 FMR LLC 0.01% of their portfolio BOSTON, MA 2,883,2042.9m $116.5m $116.5m 0.01% Added +1.4m +1,430,863
56 SUMITOMO LIFE INSURANCE CO 9.74% of their portfolio TOKYO, M0 2,864,2062.9m $115.7m $115.7m 9.74% New
57 Millburn Ridgefield LLC /DE/ 4.02% of their portfolio New York, NY 2,821,4832.8m $114.0m $114.0m 4.02% Added +142.4k +142,354
58 Catalyst Capital Advisors LLC 3.48% of their portfolio San Juan, PR 2,819,6672.8m $113.9m $113.9m 3.48% Added +141.7k +141,714
59 CHOREO, LLC 3.92% of their portfolio ROCKFORD, IL 2,750,0012.8m $111.1m $111.1m 3.92% Added +132.9k +132,884
60 Raymond James Financial Services Advisors, Inc. 0.21% of their portfolio ST. PETERSBURG, FL 2,732,9842.7m $110.4m $110.4m 0.21% Added +29.4k +29,416
61 Caisse de depot et placement du Quebec 0.31% of their portfolio Montreal, A8 2,690,0002.7m $108.7m $108.7m 0.31% Added +240.0k +240,000
62 Wealthspire Advisors, LLC 1.86% of their portfolio NEW YORK, NY 2,677,7312.7m $108.2m $108.2m 1.86% Added +276.0k +275,959
63 REGIONS FINANCIAL CORP 0.94% of their portfolio BIRMINGHAM, AL 2,580,1352.6m $104.2m $104.2m 0.94% Added +86.7k +86,678
64 Ballentine Partners, LLC 2.61% of their portfolio Waltham, MA 2,564,2162.6m $103.6m $103.6m 2.61% Added +365.1k +365,104
65 FIFTH THIRD BANCORP 0.48% of their portfolio CINCINNATI, OH 2,548,0012.5m $102.9m $102.9m 0.48% Added +40.9k +40,858
66 BRIDGES INVESTMENT MANAGEMENT INC 3.43% of their portfolio OMAHA, NE 2,393,4092.4m $96.7m $96.7m 3.43% Added +17.1k +17,053
67 Sand Hill Global Advisors, LLC 5.19% of their portfolio Palo Alto, CA 2,392,2702.4m $96.6m $96.6m 5.19% Added +62.8k +62,760
68 MERCER GLOBAL ADVISORS INC /ADV 0.42% of their portfolio DENVER, CO 2,290,3262.3m $92.3m $92.3m 0.42% Added +864.9k +864,916
69 TEACHER RETIREMENT SYSTEM OF TEXAS 0.62% of their portfolio AUSTIN, TX 2,266,1562.3m $91.6m $91.6m 0.62% Unchanged
70 LAKE STREET ADVISORS GROUP, LLC 5.60% of their portfolio PORTSMOUTH, NH 2,241,4182.2m $90.6m $90.6m 5.60% Reduced -32.0k -31,952
71 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.67% of their portfolio MINNEAPOLIS, MN 2,237,1932.2m $90.4m $90.4m 2.67% Added +245.4k +245,391
72 VPR Management LLC 18.03% of their portfolio HOUSTON, TX 2,140,7002.1m $86.5m $86.5m 18.03% Unchanged
73 JMG Financial Group, Ltd. 4.36% of their portfolio DOWNERS GROVE, IL 2,128,9972.1m $86.0m $86.0m 4.36% Added +65.8k +65,777
74 RWA WEALTH PARTNERS, LLC 2.03% of their portfolio BOSTON, MA 2,094,7222.1m $84.6m $84.6m 2.03% Added +45.2k +45,157
75 BESSEMER GROUP INC 0.20% of their portfolio WOODBRIDGE, NJ 2,086,2732.1m $84.3m $84.3m 0.20% Added +89.2k +89,176
76 Allen Investment Management, LLC 1.40% of their portfolio NEW YORK, NY 2,072,2292.1m $83.7m $83.7m 1.40% Unchanged
77 Cerity Partners LLC 0.21% of their portfolio NEW YORK, NY 1,987,2672.0m $80.3m $80.3m 0.21% Added +290.7k +290,718
78 Elm Partners Management LLC 8.38% of their portfolio Philadelphia, PA 1,972,5372.0m $79.7m $79.7m 8.38% Added +181.6k +181,563
79 MML INVESTORS SERVICES, LLC 0.54% of their portfolio SPRINGFIELD, MA 1,887,6041.9m $76.3m $76.3m 0.54% Added +90.4k +90,361
80 LINCOLN NATIONAL CORP 1.59% of their portfolio RADNOR, PA 1,867,5121.9m $75.4m $75.4m 1.59% Added +16.0k +15,956
81 Jasper Ridge Partners, L.P. 3.55% of their portfolio MENLO PARK, CA 1,842,1121.8m $74.4m $74.4m 3.55% Added +891.7k +891,749
82 Badgley Phelps Wealth Managers, LLC 2.72% of their portfolio SEATTLE, WA 1,832,4961.8m $74.0m $74.0m 2.72% Added +178.3k +178,320
83 Allspring Global Investments Holdings, LLC 0.12% of their portfolio CHARLOTTE, NC 1,828,1521.8m $73.9m $73.9m 0.12% Added +203.8k +203,817
84 Fusion Family Wealth, LLC 9.45% of their portfolio WOODBURY, NY 1,820,9071.8m $73.6m $73.6m 9.45% Added +27.4k +27,429
85 Ellevest, Inc. 5.65% of their portfolio NEW YORK, NY 1,800,3721.8m $72.7m $72.7m 5.65% Added +93.7k +93,712
86 COLDSTREAM CAPITAL MANAGEMENT INC 2.31% of their portfolio BELLEVUE, WA 1,702,5151.7m $68.8m $68.8m 2.31% Added +46.2k +46,210
87 Janney Montgomery Scott LLC 0.27% of their portfolio PHILADELPHIA, PA 1,661,8031.7m $67.1m $67.1m 0.27% Added +59.6k +59,586
88 BROWN ADVISORY INC 0.11% of their portfolio BALTIMORE, MD 1,659,4351.7m $67.0m $67.0m 0.11% Added +38.2k +38,196
89 BLB&B Advisors, LLC 4.94% of their portfolio MONTGOMERYVILLE, PA 1,641,3351.6m $66.3m $66.3m 4.94% Reduced -147.0k -146,993
90 Cambridge Investment Research Advisors, Inc. 0.32% of their portfolio FAIRFIELD, IA 1,626,0651.6m $65.7m $65.7m 0.32% Added +15.9k +15,901
91 Cresset Asset Management, LLC 1.23% of their portfolio Chicago, IL 1,519,1431.5m $61.4m $61.4m 1.23% Reduced -82.4k -82,431
92 Karpus Management, Inc. 1.86% of their portfolio Pittsford, NY 1,471,1411.5m $59.4m $59.4m 1.86% Added +63.0k +62,953
93 COUNTRY TRUST BANK 1.68% of their portfolio Bloomington, IL 1,467,2671.5m $59.3m $59.3m 1.68% Added +85.7k +85,685
94 Willis Johnson & Associates, Inc. 6.98% of their portfolio Houston, TX 1,455,4091.5m $58.8m $58.8m 6.98% Added +113.7k +113,735
95 MAI Capital Management 0.92% of their portfolio INDEPENDENCE, OH 1,429,9541.4m $57.8m $57.8m 0.92% Added +137.9k +137,864
96 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 1,392,9621.4m $56.3m $56.3m 0.10% Reduced -39.4k -39,429
97 D.A. DAVIDSON & CO. 0.62% of their portfolio GREAT FALLS, MT 1,373,3051.4m $55.5m $55.5m 0.62% Added +59.5k +59,543
98 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,372,2371.4m $55.4m $55.4m 0.02% Added +42.3k +42,299
99 Laird Norton Wetherby Trust Company, LLC 6.88% of their portfolio Seattle, WA 1,362,6711.4m $55.1m $55.1m 6.88% Added +122.4k +122,397
100 Morningstar Investment Services LLC 0.74% of their portfolio CHICAGO, IL 1,358,4201.4m $54.9m $54.9m 0.74% Added +3.4k +3,407