Vault-13

VANGUARD INTL EQUITY INDEX F VWO

FTSE EMR MKT ETF · ETP · CUSIP 922042858

1,945 institutional holders +26 vs Q1 2023
1,194,804,0631.2bn shares reported held*
$48.4bnreported value*
84 new 853 added 798 reduced 79 sold out net sold ≈ $1.3bn (-29.4m 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 ($93.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $40.54. Options: 4 managers hold calls ($41.9m notional), 5 hold puts ($50.5m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,788Q4 22: 1,905Q1 23: 1,919Q2 23: 1,9451,945Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,788
Q4 20221,905
Q1 20231,919
Q2 20231,945

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 23Q2 23: 937 bought or addedQ2 23: 877 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022896846
Q1 20231,023767
Q2 2023937877

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 1.64Q2 23 calls: $41.9mQ2 23 puts: $50.5mQ2 23P/C 1.20
Numbers
QuarterCallsPutsP/C
Q3 2022$81.9m$21.8m0.27
Q4 2022$69.7m$68.4m0.98
Q1 2023$54.4m$89.3m1.64
Q2 2023$41.9m$50.5m1.20

Biggest buyers

Bishop & Co Investment Management, LLC Added +8,147,634+8.1m
CITADEL ADVISORS LLC Added +3,592,307+3.6m
OLD MISSION CAPITAL LLC New +3,251,480+3.3m
BANK OF AMERICA CORP /DE/ Added +2,700,449+2.7m
Betterment LLC Added +2,531,611+2.5m
MERCER GLOBAL ADVISORS INC /ADV Added +2,372,891+2.4m
Wealthfront Advisers LLC Added +2,169,734+2.2m
JPMORGAN CHASE & CO Added +2,154,551+2.2m
MORGAN STANLEY Added +1,697,493+1.7m
JANE STREET GROUP, LLC Added +1,671,233+1.7m

Biggest sellers

JONES FINANCIAL COMPANIES LLLP Reduced -35,099,874-35.1m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -10,358,168-10.4m
MBB PUBLIC MARKETS I LLC Reduced -3,714,018-3.7m
Summit Wealth Group, LLC Reduced -3,336,226-3.3m
ENVESTNET ASSET MANAGEMENT INC Reduced -2,925,182-2.9m
Tidal Investments LLC Reduced -2,343,108-2.3m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -2,051,072-2.1m
J.P. Morgan Private Wealth Advisors LLC Reduced -1,976,180-2.0m
Caisse de depot et placement du Quebec Reduced -1,790,000-1.8m
Baird Financial Group, Inc. Reduced -1,719,455-1.7m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $27.2m669.7k shares
CITADEL ADVISORS LLC Reduced $9.9m244.0k shares
Walleye Trading LLC Added $4.6m112.4k shares
Cutler Group LLC / CA Added $160.0k70.5k shares

Biggest puts

CITADEL ADVISORS LLC Added $32.3m795.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $17.1m421.0k shares
Walleye Trading LLC Added $858.3k21.1k shares
WELLS FARGO & COMPANY/MN Reduced $126.1k3.1k shares
Cutler Group LLC / CA Reduced $16.0k23.8k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.40% of their portfolio CHARLOTTE, NC 82,714,71582.7m $3.4bn $3.4bn 0.40% Added +2.7m +2,700,449
2 Betterment LLC 9.47% of their portfolio NEW YORK, NY 75,095,38975.1m $3.1bn $3.1bn 9.47% Added +2.5m +2,531,611
3 VANGUARD GROUP INC 0.06% of their portfolio Valley Forge, PA 61,254,55161.3m $2.5bn $2.5bn 0.06% Added +1.5m +1,486,789
4 MORGAN STANLEY 0.20% of their portfolio NEW YORK, NY 50,988,74151.0m $2.1bn $2.1bn 0.20% Added +1.7m +1,697,493
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.57% of their portfolio MILWAUKEE, WI 48,859,31748.9m $2.0bn $2.0bn 2.57% Reduced -10.4m -10,358,168
6 WELLS FARGO & COMPANY/MN 0.54% of their portfolio SAN FRANCISCO, CA 45,859,43945.9m $1.9bn $1.9bn 0.54% Reduced -244.7k -244,662
7 Wealthfront Advisers LLC 7.02% of their portfolio Palo Alto, CA 40,668,86440.7m $1.7bn $1.7bn 7.02% Added +2.2m +2,169,734
8 ENVESTNET ASSET MANAGEMENT INC 0.71% of their portfolio Berwyn, PA 39,287,91239.3m $1.6bn $1.6bn 0.71% Reduced -2.9m -2,925,182
9 Empower Advisory Group, LLC 4.73% of their portfolio Greenwood Village, CO 26,967,13827.0m $1.1bn $1.1bn 4.73% Added +649.9k +649,852
10 Creative Planning 1.24% of their portfolio OVERLAND PARK, KS 22,862,95122.9m $930.1m $930.1m 1.24% Added +409.2k +409,171
11 NORTHERN TRUST CORP 0.17% of their portfolio CHICAGO, IL 22,294,03722.3m $906.9m $906.9m 0.17% Reduced -450.1k -450,083
12 GOLDMAN SACHS GROUP INC 0.22% of their portfolio NEW YORK, NY 21,363,11321.4m $869.1m $869.1m 0.22% Reduced -278.4k -278,356
13 Financial Engines Advisors L.L.C. 1.95% of their portfolio SANTA CLARA, CA 18,901,10318.9m $768.9m $768.9m 1.95% Added +655.1k +655,083
14 UBS Group AG 0.33% of their portfolio ZURICH, V8 18,430,50818.4m $749.8m $749.8m 0.33% Reduced -741.5k -741,484
15 Bank of New York Mellon Corp 0.14% of their portfolio NEW YORK, NY 15,959,46916.0m $649.2m $649.2m 0.14% Reduced -1.1m -1,057,852
16 South Dakota Investment Council 12.68% of their portfolio SIOUX FALLS, SD 14,966,71515.0m $608.8m $608.8m 12.68% Reduced -790.2k -790,156
17 WealthNavi Inc. 9.88% of their portfolio Shinagawa-ku, TOKYO, M0 14,964,19615.0m $608.7m $608.7m 9.88% Reduced -636.8k -636,826
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 5.77% of their portfolio PLYMOUTH, MN 13,156,60913.2m $535.2m $535.2m 5.77% Added +479.3k +479,278
19 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 12,910,00312.9m $525.2m $525.2m 0.06% Added +2.2m +2,154,551
20 PNC Financial Services Group, Inc. 0.41% of their portfolio Pittsburgh, PA 11,898,80411.9m $484.0m $484.0m 0.41% Added +589.0k +589,002
21 JONES FINANCIAL COMPANIES LLLP 0.73% of their portfolio DES PERES, MO 11,263,68611.3m $458.2m $458.2m 0.73% Reduced -35.1m -35,099,874
22 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 11,198,05811.2m $455.5m $455.5m 0.13% Added +48.7k +48,742
23 LPL Financial LLC 0.29% of their portfolio FORT MILL, SC 9,997,81010.0m $406.7m $406.7m 0.29% Added +525.8k +525,841
24 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 4.24% of their portfolio OMAHA, NE 9,808,7009.8m $399.0m $399.0m 4.24% Reduced -472.7k -472,668
25 TIAA, FSB 1.41% of their portfolio ST. LOUIS, MO 9,576,6159.6m $389.6m $389.6m 1.41% Reduced -987 -987
26 Mariner, LLC 1.01% of their portfolio Overland Park, KS 9,336,6019.3m $379.8m $379.8m 1.01% Added +480.7k +480,677
27 SEI INVESTMENTS CO 0.66% of their portfolio OAKS, PA 9,252,9719.3m $376.4m $376.4m 0.66% Reduced -42.6k -42,564
28 Bishop & Co Investment Management, LLC 9.21% of their portfolio Erie, PA 8,353,4138.4m $205.3k $205.3k 9.21% Added +8.1m +8,147,634
29 Bridgewater Associates, LP 1.97% of their portfolio Westport, CT 7,848,5037.8m $319.3m $319.3m 1.97% Reduced -622.6k -622,601
30 US BANCORP \DE\ 0.52% of their portfolio MINNEAPOLIS, MN 7,843,7777.8m $319.1m $319.1m 0.52% Added +115.2k +115,246
31 CIBC Private Wealth Group LLC 0.33% of their portfolio ATLANTA, GA 7,336,0007.3m $298.4m $298.4m 0.33% Added +177.7k +177,674
32 Alaska Permanent Fund Corp 5.60% of their portfolio JUNEAU, AK 6,997,6067.0m $284.7m $284.7m 5.60% First filing
33 MATHER GROUP, LLC. 4.38% of their portfolio CHICAGO, IL 6,758,0866.8m $274.9m $274.9m 4.38% Added +411.5k +411,485
34 COMMONWEALTH EQUITY SERVICES, LLC 0.55% of their portfolio WALTHAM, MA 6,637,6646.6m $270.0m $270.0m 0.55% Added +182.8k +182,814
35 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio Toronto, A6 6,544,0776.5m $266.2m $266.2m 0.15% Reduced -2.1m -2,051,072
36 CITIGROUP INC 0.34% of their portfolio NEW YORK, NY 6,502,8956.5m $264.5m $264.5m 0.34% Added +93.7k +93,685
37 OSAIC HOLDINGS, INC. 0.42% of their portfolio SCOTTSDALE, AZ 5,732,2555.7m $233.2m $233.2m 0.42% Reduced -233.7k -233,730
38 KEYBANK NATIONAL ASSOCIATION/OH 1.00% of their portfolio BROOKLYN, OH 5,400,9005.4m $219.7m $219.7m 1.00% Added +196.4k +196,387
39 HighTower Advisors, LLC 0.40% of their portfolio CHICAGO, IL 4,986,5555.0m $202.8m $202.8m 0.40% Added +910.6k +910,576
40 SIGNATUREFD, LLC 4.96% of their portfolio ATLANTA, GA 4,769,5044.8m $194.0m $194.0m 4.96% Added +309.7k +309,651
41 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 4,682,0434.7m $191.3m $191.3m 0.06% Reduced -131.1k -131,134
42 MERCER GLOBAL ADVISORS INC /ADV 0.75% of their portfolio DENVER, CO 4,663,2174.7m $189.7m $189.7m 0.75% Added +2.4m +2,372,891
43 JANE STREET GROUP, LLC 0.26% of their portfolio NEW YORK, NY 4,628,8634.6m $188.3m $188.3m 0.26% Added +1.7m +1,671,233
44 J.P. Morgan Private Wealth Advisors LLC 0.95% of their portfolio SAN FRANCISCO, CA 4,500,9164.5m $183.1m $183.1m 0.95% Reduced -2.0m -1,976,180
45 STIFEL FINANCIAL CORP 0.25% of their portfolio ST. LOUIS, MO 4,420,5574.4m $179.8m $179.8m 0.25% Reduced -156.3k -156,277
46 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 15.57% of their portfolio Tel Aviv, L3 4,349,2404.3m $176.9m $176.9m 15.57% Reduced -1.7m -1,652,000
47 Valmark Advisers, Inc. 3.17% of their portfolio AKRON, OH 3,822,8193.8m $155.5m $155.5m 3.17% Added +175.5k +175,546
48 Baird Financial Group, Inc. 0.41% of their portfolio MILWAUKEE, WI 3,796,9013.8m $154.5m $154.5m 0.41% Reduced -1.7m -1,719,455
49 RAYMOND JAMES & ASSOCIATES 0.13% of their portfolio ST PETERSBURG, FL 3,753,9503.8m $152.7m $152.7m 0.13% Reduced -380.1k -380,122
50 CITADEL ADVISORS LLC 0.17% of their portfolio MIAMI, FL 3,660,6423.7m $148.9m $148.9m 0.17% Added +3.6m +3,592,307
51 M&T Bank Corp 0.54% of their portfolio BUFFALO, NY 3,570,4073.6m $145.2m $145.2m 0.54% Reduced -49.9k -49,920
52 SCS Capital Management LLC 3.45% of their portfolio BOSTON, MA 3,449,9483.4m $140.3m $140.3m 3.45% Added +62.8k +62,766
53 SUMITOMO LIFE INSURANCE CO 6.05% of their portfolio TOKYO, M0 3,380,5693.4m $137.5m $137.5m 6.05% Added +516.4k +516,363
54 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 3,377,6913.4m $142.0m $142.0m 0.05% Reduced -6.5k -6,513
55 Corient Private Wealth LP 0.31% of their portfolio MIAMI, FL 3,251,6013.3m $132.3m $132.3m 0.31% Added +18.5k +18,507
56 OLD MISSION CAPITAL LLC 4.90% of their portfolio CHICAGO, IL 3,251,4803.3m $132.3m $132.3m 4.90% New
57 Sand Hill Global Advisors, LLC 6.51% of their portfolio Palo Alto, CA 3,222,0353.2m $131.1m $131.1m 6.51% Added +829.8k +829,765
58 Millburn Ridgefield LLC /DE/ 4.13% of their portfolio New York, NY 2,972,8863.0m $120.9m $120.9m 4.13% Added +151.4k +151,403
59 Catalyst Capital Advisors LLC 3.51% of their portfolio San Juan, PR 2,970,6753.0m $120.8m $120.8m 3.51% Added +151.0k +151,008
60 Raymond James Financial Services Advisors, Inc. 0.21% of their portfolio ST. PETERSBURG, FL 2,940,4822.9m $119.6m $119.6m 0.21% Added +207.5k +207,498
61 Ballentine Partners, LLC 2.65% of their portfolio Waltham, MA 2,842,5602.8m $115.6m $115.6m 2.65% Added +278.3k +278,344
62 CHOREO, LLC 3.88% of their portfolio ROCKFORD, IL 2,794,0362.8m $113.7m $113.7m 3.88% Added +44.0k +44,035
63 Elm Partners Management LLC 11.35% of their portfolio Philadelphia, PA 2,769,2532.8m $112.7m $112.7m 11.35% Added +796.7k +796,716
64 Wealthspire Advisors, LLC 1.83% of their portfolio NEW YORK, NY 2,745,2082.7m $111.7m $111.7m 1.83% Added +67.5k +67,477
65 REGIONS FINANCIAL CORP 0.94% of their portfolio BIRMINGHAM, AL 2,684,1222.7m $109.2m $109.2m 0.94% Added +104.0k +103,987
66 FIFTH THIRD BANCORP 0.45% of their portfolio CINCINNATI, OH 2,481,5182.5m $100.9m $100.9m 0.45% Reduced -66.5k -66,483
67 BRIDGES INVESTMENT MANAGEMENT INC 3.29% of their portfolio OMAHA, NE 2,410,9342.4m $98.1m $98.1m 3.29% Added +17.5k +17,525
68 Cerity Partners LLC 0.38% of their portfolio NEW YORK, NY 2,384,2752.4m $97.0m $97.0m 0.38% Added +397.0k +397,008
69 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.71% of their portfolio MINNEAPOLIS, MN 2,380,8382.4m $96.9m $96.9m 2.71% Added +143.6k +143,645
70 TEACHER RETIREMENT SYSTEM OF TEXAS 0.62% of their portfolio AUSTIN, TX 2,266,1562.3m $92.2m $92.2m 0.62% Unchanged
71 LAKE STREET ADVISORS GROUP, LLC 5.04% of their portfolio PORTSMOUTH, NH 2,242,5962.2m $91.2m $91.2m 5.04% Added +1.2k +1,178
72 RWA WEALTH PARTNERS, LLC 1.98% of their portfolio BOSTON, MA 2,223,3712.2m $90.4m $90.4m 1.98% Added +128.6k +128,649
73 JMG Financial Group, Ltd. 4.20% of their portfolio DOWNERS GROVE, IL 2,202,2462.2m $89.6m $89.6m 4.20% Added +73.2k +73,249
74 Tidal Investments LLC 2.59% of their portfolio Milwaukee, WI 2,164,9662.2m $88.1m $88.1m 2.59% Reduced -2.3m -2,343,108
75 MML INVESTORS SERVICES, LLC 0.47% of their portfolio SPRINGFIELD, MA 2,108,2372.1m $85.8m $85.8m 0.47% Added +220.6k +220,633
76 BESSEMER GROUP INC 0.18% of their portfolio WOODBRIDGE, NJ 2,092,1392.1m $85.1m $85.1m 0.18% Added +5.9k +5,866
77 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 2,045,1502.0m $83.2m $83.2m 0.03% Reduced -1.5m -1,470,468
78 Allen Investment Management, LLC 1.21% of their portfolio NEW YORK, NY 2,019,2602.0m $82.1m $82.1m 1.21% Reduced -53.0k -52,969
79 LINCOLN NATIONAL CORP 1.58% of their portfolio RADNOR, PA 1,958,7032.0m $79.7m $79.7m 1.58% Added +91.2k +91,191
80 Fusion Family Wealth, LLC 9.53% of their portfolio WOODBURY, NY 1,950,2362.0m $79.3m $79.3m 9.53% Added +129.3k +129,329
81 Jasper Ridge Partners, L.P. 3.91% of their portfolio MENLO PARK, CA 1,911,8621.9m $77.8m $77.8m 3.91% Added +69.8k +69,750
82 Badgley Phelps Wealth Managers, LLC 2.52% of their portfolio SEATTLE, WA 1,874,9821.9m $76.3m $76.3m 2.52% Added +42.5k +42,486
83 Ellevest, Inc. 5.70% of their portfolio NEW YORK, NY 1,864,7381.9m $75.9m $75.9m 5.70% Added +64.4k +64,366
84 Modera Wealth Management, LLC 1.32% of their portfolio WESTWOOD, NJ 1,784,5911.8m $72.6m $72.6m 1.32% Added +1.1m +1,125,275
85 Allspring Global Investments Holdings, LLC 0.12% of their portfolio CHARLOTTE, NC 1,770,6041.8m $72.0m $72.0m 0.12% Reduced -57.5k -57,548
86 COLDSTREAM CAPITAL MANAGEMENT INC 2.26% of their portfolio BELLEVUE, WA 1,750,8411.8m $71.2m $71.2m 2.26% Added +48.3k +48,326
87 Janney Montgomery Scott LLC 0.24% of their portfolio PHILADELPHIA, PA 1,712,1361.7m $69.7m $69.7m 0.24% Added +50.3k +50,333
88 BLB&B Advisors, LLC 4.74% of their portfolio MONTGOMERYVILLE, PA 1,668,5451.7m $67.9m $67.9m 4.74% Added +27.2k +27,210
89 Litman Gregory Wealth Management LLC 8.43% of their portfolio LARKSPUR, CA 1,660,7121.7m $67.6m $67.6m 8.43% New
90 Rockefeller Capital Management L.P. 0.26% of their portfolio NEW YORK, NY 1,625,7851.6m $65.8m $65.8m 0.26% First filing
91 BROWN ADVISORY INC 0.10% of their portfolio BALTIMORE, MD 1,624,7701.6m $66.1m $66.1m 0.10% Reduced -34.7k -34,665
92 MAI Capital Management 0.94% of their portfolio INDEPENDENCE, OH 1,562,0661.6m $63.5m $63.5m 0.94% Added +132.1k +132,112
93 Willis Johnson & Associates, Inc. 6.73% of their portfolio Houston, TX 1,551,0581.6m $63.1m $63.1m 6.73% Added +95.6k +95,649
94 Cresset Asset Management, LLC 0.45% of their portfolio Chicago, IL 1,543,8741.5m $62.8m $62.8m 0.45% Added +24.7k +24,731
95 Pacific Life Fund Advisors LLC 6.25% of their portfolio NEWPORT BEACH, CA 1,511,2681.5m $61.5m $61.5m 6.25% New
96 Karpus Management, Inc. 1.87% of their portfolio Pittsford, NY 1,460,4971.5m $59.4m $59.4m 1.87% Reduced -10.6k -10,644
97 VPR Management LLC 14.99% of their portfolio HOUSTON, TX 1,448,7001.4m $58.9m $58.9m 14.99% Reduced -692.0k -692,000
98 Nicholas Hoffman & Company, LLC. 2.28% of their portfolio ATLANTA, GA 1,434,7791.4m $58.4m $58.4m 2.28% Added +295.0k +295,025
99 COUNTRY TRUST BANK 1.58% of their portfolio Bloomington, IL 1,433,3371.4m $58.3m $58.3m 1.58% Reduced -33.9k -33,930
100 D.A. DAVIDSON & CO. 0.61% of their portfolio GREAT FALLS, MT 1,431,1611.4m $58.2m $58.2m 0.61% Added +57.9k +57,856