Vault-13

VANGUARD INTL EQUITY INDEX F VWO

FTSE EMR MKT ETF · ETP · CUSIP 922042858

2,057 institutional holders +136 vs Q3 2023
1,288,313,6981.3bn shares reported held*
$52.9bnreported value*
88 new 809 added 835 reduced 77 sold out net bought ≈ $3.5bn (+86.2m 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 ($83.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.10. Options: 6 managers hold calls ($46.6m notional), 8 hold puts ($61.5m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,788Q4 22: 1,905Q1 23: 1,919Q2 23: 1,945Q3 23: 1,921Q4 23: 2,0572,057Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20221,788
Q4 20221,905
Q1 20231,919
Q2 20231,945
Q3 20231,921
Q4 20232,057

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 23Q3 23: 949 bought or addedQ3 23: 842 cut or sold outQ3 23Q4 23: 897 bought or addedQ4 23: 912 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022896846
Q1 20231,023767
Q2 2023937877
Q3 2023949842
Q4 2023897912

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ1 23 calls: $54.4mQ1 23 puts: $89.3mQ1 23P/C 1.64Q2 23 calls: $41.9mQ2 23 puts: $50.5mQ2 23P/C 1.20Q3 23 calls: $49.9mQ3 23 puts: $67.9mQ3 23P/C 1.36Q4 23 calls: $46.6mQ4 23 puts: $61.5mQ4 23P/C 1.32
Numbers
QuarterCallsPutsP/C
Q1 2023$54.4m$89.3m1.64
Q2 2023$41.9m$50.5m1.20
Q3 2023$49.9m$67.9m1.36
Q4 2023$46.6m$61.5m1.32

Biggest buyers

MORGAN STANLEY Added +41,776,763+41.8m
JPMORGAN CHASE & CO Added +20,659,897+20.7m
OLD MISSION CAPITAL LLC Added +6,394,978+6.4m
JANE STREET GROUP, LLC Added +6,240,172+6.2m
BANK OF AMERICA CORP /DE/ Added +4,341,643+4.3m
SCS Capital Management LLC Added +3,834,258+3.8m
Betterment LLC Added +3,144,552+3.1m
Summit Rock Advisors, LP New +3,084,575+3.1m
Corient Private Wealth LP Added +2,545,589+2.5m
Cerity Partners LLC Added +2,229,581+2.2m

Biggest sellers

VANGUARD GROUP INC Reduced -2,173,082-2.2m
OSAIC HOLDINGS, INC. Reduced -2,038,985-2.0m
CITADEL ADVISORS LLC Sold out -1,901,071-1.9m
WELLS FARGO & COMPANY/MN Reduced -1,758,001-1.8m
KEYBANK NATIONAL ASSOCIATION/OH Reduced -1,510,621-1.5m
Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) Reduced -1,265,500-1.3m
EVOKE WEALTH, LLC Sold out -967,037-967.0k
Caisse de depot et placement du Quebec Reduced -900,000-900.0k
Bank of New York Mellon Corp Reduced -899,473-899.5k
CITIGROUP INC Reduced -872,091-872.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $34.7m844.7k shares
CITADEL ADVISORS LLC Reduced $7.1m172.7k shares
Walleye Trading LLC Added $3.2m76.8k shares
GTS SECURITIES LLC Reduced $978.2k23.8k shares
WELLS FARGO & COMPANY/MN New $612.4k14.9k shares
Cutler Group LLC / CA Added $84.0k113.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $32.6m794.4k shares
UBS Group AG New $9.8m237.9k shares
ROYAL BANK OF CANADA Unchanged $9.8m237.4k shares
GTS SECURITIES LLC Added $3.8m93.6k shares
Walleye Trading LLC Added $3.4m83.0k shares
CITADEL ADVISORS LLC Reduced $2.0m48.1k shares
Cutler Group LLC / CA Added $31.0k57.3k shares
WELLS FARGO & COMPANY/MN Unchanged $8.2k200 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 91,413,08691.4m $3.8bn $3.8bn 0.17% Added +41.8m +41,776,763
2 BANK OF AMERICA CORP /DE/ 0.42% of their portfolio CHARLOTTE, NC 88,946,06588.9m $3.7bn $3.7bn 0.42% Added +4.3m +4,341,643
3 Betterment LLC 9.56% of their portfolio NEW YORK, NY 80,803,67080.8m $3.3bn $3.3bn 9.56% Added +3.1m +3,144,552
4 VANGUARD GROUP INC 0.05% of their portfolio Valley Forge, PA 58,434,01558.4m $2.4bn $2.4bn 0.05% Reduced -2.2m -2,173,082
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.41% of their portfolio MILWAUKEE, WI 52,027,35152.0m $2.1bn $2.1bn 2.41% Added +2.1m +2,079,419
6 WELLS FARGO & COMPANY/MN 0.49% of their portfolio SAN FRANCISCO, CA 41,870,99541.9m $1.7bn $1.7bn 0.49% Reduced -1.8m -1,758,001
7 Wealthfront Advisers LLC 6.45% of their portfolio Palo Alto, CA 40,845,04440.8m $1.7bn $1.7bn 6.45% Added +1.2m +1,165,580
8 ENVESTNET ASSET MANAGEMENT INC 0.63% of their portfolio Berwyn, PA 37,353,42637.4m $1.5bn $1.5bn 0.63% Added +1.3m +1,334,922
9 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 32,591,74632.6m $1.3bn $1.3bn 0.07% Added +20.7m +20,659,897
10 Empower Advisory Group, LLC 4.60% of their portfolio Greenwood Village, CO 28,430,22828.4m $1.2bn $1.2bn 4.60% Added +443.7k +443,687
11 Creative Planning 1.76% of their portfolio OVERLAND PARK, KS 23,142,34623.1m $951.2m $951.2m 1.76% Added +244.9k +244,927
12 NORTHERN TRUST CORP 0.17% of their portfolio CHICAGO, IL 22,190,32022.2m $912.0m $912.0m 0.17% Added +50.7k +50,721
13 GOLDMAN SACHS GROUP INC 0.19% of their portfolio NEW YORK, NY 20,981,95621.0m $862.4m $862.4m 0.19% Reduced -646.3k -646,260
14 Financial Engines Advisors L.L.C. 1.97% of their portfolio SANTA CLARA, CA 20,369,28320.4m $837.2m $837.2m 1.97% Added +1.1m +1,057,332
15 UBS Group AG 0.29% of their portfolio ZURICH, V8 17,247,78117.2m $708.9m $708.9m 0.29% Reduced -639.4k -639,358
16 JANE STREET GROUP, LLC 0.83% of their portfolio NEW YORK, NY 16,523,34316.5m $679.1m $679.1m 0.83% Added +6.2m +6,240,172
17 WealthNavi Inc. 9.37% of their portfolio Shinagawa-ku, TOKYO, M0 15,726,19815.7m $646.3m $646.3m 9.37% Added +836.2k +836,192
18 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 1.86% of their portfolio PLYMOUTH, MN 15,541,23815.5m $638.7m $638.7m 1.86% Reduced -391.6k -391,626
19 Bank of New York Mellon Corp 0.12% of their portfolio NEW YORK, NY 14,602,79314.6m $600.2m $600.2m 0.12% Reduced -899.5k -899,473
20 South Dakota Investment Council 12.16% of their portfolio SIOUX FALLS, SD 13,933,39613.9m $572.7m $572.7m 12.16% Unchanged
21 JONES FINANCIAL COMPANIES LLLP 0.72% of their portfolio DES PERES, MO 11,603,28611.6m $476.9m $476.9m 0.72% Added +164.7k +164,717
22 ROYAL BANK OF CANADA 0.12% of their portfolio TORONTO, A6 11,353,42311.4m $466.6m $466.6m 0.12% Reduced -137.9k -137,919
23 PNC Financial Services Group, Inc. 0.36% of their portfolio Pittsburgh, PA 11,202,10311.2m $460.4m $460.4m 0.36% Reduced -265.5k -265,485
24 LPL Financial LLC 0.26% of their portfolio FORT MILL, SC 10,426,82410.4m $428.5m $428.5m 0.26% Added +156.2k +156,248
25 Mariner, LLC 0.98% of their portfolio Overland Park, KS 10,083,81710.1m $414.4m $414.4m 0.98% Added +283.3k +283,299
26 SEI INVESTMENTS CO 0.62% of their portfolio OAKS, PA 9,450,8759.5m $388.4m $388.4m 0.62% Reduced -10.8k -10,768
27 OLD MISSION CAPITAL LLC 10.59% of their portfolio CHICAGO, IL 9,193,2969.2m $377.8m $377.8m 10.59% Added +6.4m +6,394,978
28 TIAA TRUST, NATIONAL ASSOCIATION 1.22% of their portfolio CHARLOTTE, NC 8,868,6448.9m $364.5m $364.5m 1.22% Reduced -379.5k -379,459
29 US BANCORP \DE\ 0.53% of their portfolio MINNEAPOLIS, MN 8,675,0598.7m $356.5m $356.5m 0.53% Added +358.4k +358,379
30 MATHER GROUP, LLC. 4.95% of their portfolio CHICAGO, IL 7,677,5837.7m $315.5m $315.5m 4.95% Added +520.6k +520,590
31 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio SAN FRANCISCO, CA 7,426,3707.4m $305.2m $305.2m 0.08% Reduced -548.0k -547,968
32 SCS Capital Management LLC 3.36% of their portfolio BOSTON, MA 7,153,2867.2m $294.0m $294.0m 3.36% Added +3.8m +3,834,258
33 Alaska Permanent Fund Corp 4.69% of their portfolio JUNEAU, AK 6,920,6716.9m $284.4m $284.4m 4.69% Reduced -76.9k -76,935
34 COMMONWEALTH EQUITY SERVICES, LLC 0.52% of their portfolio WALTHAM, MA 6,860,4046.9m $282.0m $282.0m 0.52% Added +159.5k +159,512
35 MERCER GLOBAL ADVISORS INC /ADV 0.82% of their portfolio DENVER, CO 6,671,5446.7m $274.2m $274.2m 0.82% Added +916.6k +916,644
36 Corient Private Wealth LP 0.48% of their portfolio MIAMI, FL 6,403,1446.4m $263.2m $263.2m 0.48% Added +2.5m +2,545,589
37 Millburn Ridgefield LLC /DE/ 7.56% of their portfolio New York, NY 6,002,9496.0m $246.7m $246.7m 7.56% Added +70.5k +70,548
38 Catalyst Capital Advisors LLC 6.63% of their portfolio San Juan, PR 6,002,9496.0m $246.7m $246.7m 6.63% Added +70.5k +70,548
39 CITIGROUP INC 0.31% of their portfolio NEW YORK, NY 5,652,8335.7m $232.3m $232.3m 0.31% Reduced -872.1k -872,091
40 Bridgewater Associates, LP 1.24% of their portfolio Westport, CT 5,372,0375.4m $220.8m $220.8m 1.24% Reduced -599.7k -599,737
41 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.13% of their portfolio Toronto, A6 5,327,6325.3m $219.0m $219.0m 0.13% Reduced -25.2k -25,163
42 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 5,236,7665.2m $215.3m $215.3m 0.06% Added +807.1k +807,140
43 HighTower Advisors, LLC 0.36% of their portfolio CHICAGO, IL 5,154,5965.2m $211.7m $211.7m 0.36% Added +276.6k +276,563
44 Envestnet Portfolio Solutions, Inc. 0.87% of their portfolio BERWYN, PA 5,102,2145.1m $209.7m $209.7m 0.87% Added +149.5k +149,478
45 OSAIC HOLDINGS, INC. 0.36% of their portfolio SCOTTSDALE, AZ 4,962,9985.0m $204.0m $204.0m 0.36% Reduced -2.0m -2,038,985
46 Cerity Partners LLC 0.37% of their portfolio NEW YORK, NY 4,405,0474.4m $109.4m $109.4m 0.37% Added +2.2m +2,229,581
47 STIFEL FINANCIAL CORP 0.21% of their portfolio ST. LOUIS, MO 4,142,6554.1m $170.3m $170.3m 0.21% Added +133.9k +133,909
48 Morningstar Investment Services LLC 0.94% of their portfolio CHICAGO, IL 4,083,7474.1m $167.4m $167.4m 0.94% Added +2.0m +2,043,659
49 Valmark Advisers, Inc. 3.06% of their portfolio AKRON, OH 3,981,8004.0m $163.7m $163.7m 3.06% Added +101.6k +101,581
50 KEYBANK NATIONAL ASSOCIATION/OH 0.72% of their portfolio BROOKLYN, OH 3,968,1884.0m $163.1m $163.1m 0.72% Reduced -1.5m -1,510,621
51 Baird Financial Group, Inc. 0.34% of their portfolio MILWAUKEE, WI 3,619,7543.6m $148.8m $148.8m 0.34% Reduced -44.2k -44,232
52 CIBC Private Wealth Group LLC 0.31% of their portfolio ATLANTA, GA 3,612,1333.6m $148.5m $148.5m 0.31% Reduced -106.7k -106,708
53 SIGNATUREFD, LLC 3.24% of their portfolio ATLANTA, GA 3,412,8113.4m $140.3m $140.3m 3.24% Reduced -88.0k -87,957
54 RAYMOND JAMES & ASSOCIATES 0.10% of their portfolio ST PETERSBURG, FL 3,302,7933.3m $135.7m $135.7m 0.10% Reduced -507.0k -506,993
55 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 3,293,5913.3m $135.5m $135.5m 0.04% Reduced -23.1k -23,053
56 M&T Bank Corp 0.50% of their portfolio BUFFALO, NY 3,286,0903.3m $135.1m $135.1m 0.50% Reduced -89.7k -89,710
57 Raymond James Financial Services Advisors, Inc. 0.21% of their portfolio ST. PETERSBURG, FL 3,151,9073.2m $129.5m $129.5m 0.21% Reduced -46.3k -46,302
58 Summit Rock Advisors, LP 58.46% of their portfolio New York, NY 3,084,5753.1m $126.8m $126.8m 58.46% New
59 Wealthspire Advisors, LLC 1.74% of their portfolio NEW YORK, NY 2,981,6533.0m $122.5m $122.5m 1.74% Added +197.7k +197,655
60 REGIONS FINANCIAL CORP 1.01% of their portfolio BIRMINGHAM, AL 2,976,6743.0m $122.3m $122.3m 1.01% Added +275.3k +275,308
61 Sand Hill Global Advisors, LLC 5.75% of their portfolio Palo Alto, CA 2,906,6002.9m $119.5m $119.5m 5.75% Reduced -46.6k -46,641
62 Ballentine Partners, LLC 2.44% of their portfolio Waltham, MA 2,905,6552.9m $119.4m $119.4m 2.44% Reduced -66.8k -66,777
63 CHOREO, LLC 3.21% of their portfolio ROCKFORD, IL 2,884,7002.9m $118.6m $118.6m 3.21% Added +79.1k +79,137
64 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.84% of their portfolio MINNEAPOLIS, MN 2,779,8882.8m $114.3m $114.3m 2.84% Added +151.9k +151,911
65 EP Wealth Advisors, LLC 1.39% of their portfolio TORRANCE, CA 2,652,4152.7m $109.0m $109.0m 1.39% Added +232.3k +232,260
66 RWA WEALTH PARTNERS, LLC 1.46% of their portfolio BOSTON, MA 2,491,7692.5m $102.4m $102.4m 1.46% Added +200.0k +199,962
67 Nicholas Hoffman & Company, LLC. 5.94% of their portfolio ATLANTA, GA 2,401,0372.4m $98.7m $98.7m 5.94% Added +597.1k +597,076
68 MML INVESTORS SERVICES, LLC 0.45% of their portfolio SPRINGFIELD, MA 2,393,1482.4m $98.4m $98.4m 0.45% Added +132.6k +132,564
69 JMG Financial Group, Ltd. 4.04% of their portfolio DOWNERS GROVE, IL 2,346,5142.3m $96.4m $96.4m 4.04% Added +88.5k +88,548
70 Elm Partners Management LLC 8.61% of their portfolio Philadelphia, PA 2,306,1352.3m $94.8m $94.8m 8.61% Added +187.5k +187,529
71 TEACHER RETIREMENT SYSTEM OF TEXAS 0.64% of their portfolio AUSTIN, TX 2,266,1562.3m $93.1m $93.1m 0.64% Unchanged
72 LAKE STREET ADVISORS GROUP, LLC 4.66% of their portfolio PORTSMOUTH, NH 2,260,5202.3m $92.9m $92.9m 4.66% Added +30.3k +30,302
73 Jasper Ridge Partners, L.P. 3.53% of their portfolio MENLO PARK, CA 2,141,5652.1m $88.0m $88.0m 3.53% Reduced -252.5k -252,538
74 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 6.83% of their portfolio Tel Aviv, L3 2,126,1402.1m $87.4m $87.4m 6.83% Reduced -1.3m -1,265,500
75 BRIDGES INVESTMENT MANAGEMENT INC 2.85% of their portfolio OMAHA, NE 2,095,0752.1m $86.1m $86.1m 2.85% Reduced -421.8k -421,827
76 LINCOLN NATIONAL CORP 1.51% of their portfolio RADNOR, PA 2,087,1512.1m $85.8m $85.8m 1.51% Added +90.2k +90,231
77 Ellevest, Inc. 5.67% of their portfolio NEW YORK, NY 2,023,9062.0m $83.2m $83.2m 5.67% Added +70.2k +70,224
78 NEPC LLC 4.60% of their portfolio Boston, MA 2,021,9742.0m $83.1m $83.1m 4.60% Added +265.1k +265,083
79 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 2,018,8702.0m $83.0m $83.0m 0.03% Reduced -3.2k -3,219
80 FIFTH THIRD BANCORP 0.35% of their portfolio CINCINNATI, OH 1,998,4932.0m $82.1m $82.1m 0.35% Reduced -340.3k -340,326
81 MAI Capital Management 1.04% of their portfolio INDEPENDENCE, OH 1,918,6701.9m $78.9m $78.9m 1.04% Added +195.5k +195,541
82 Badgley Phelps Wealth Managers, LLC 2.12% of their portfolio SEATTLE, WA 1,890,3431.9m $77.7m $77.7m 2.12% Reduced -44.4k -44,446
83 BESSEMER GROUP INC 0.15% of their portfolio WOODBRIDGE, NJ 1,880,3031.9m $77.3m $77.3m 0.15% Reduced -38.8k -38,759
84 Fusion Family Wealth, LLC 8.51% of their portfolio WOODBURY, NY 1,835,6241.8m $75.4m $75.4m 8.51% Reduced -159.9k -159,853
85 Rockefeller Capital Management L.P. 0.25% of their portfolio NEW YORK, NY 1,833,3291.8m $75.3m $75.3m 0.25% Added +41.9k +41,905
86 BLB&B Advisors, LLC 4.70% of their portfolio MONTGOMERYVILLE, PA 1,813,7711.8m $74.5m $74.5m 4.70% Added +46.6k +46,635
87 SCHRODER INVESTMENT MANAGEMENT GROUP 0.10% of their portfolio London, X0 1,807,8881.8m $74.3m $74.3m 0.10% Added +298.3k +298,268
88 Modera Wealth Management, LLC 1.22% of their portfolio WESTWOOD, NJ 1,792,2481.8m $73.7m $73.7m 1.22% Added +614 +614
89 Allen Investment Management, LLC 0.98% of their portfolio NEW YORK, NY 1,788,6561.8m $73.5m $73.5m 0.98% Reduced -230.6k -230,604
90 Janney Montgomery Scott LLC 0.24% of their portfolio PHILADELPHIA, PA 1,778,2611.8m $73.1m $73.1m 0.24% Added +70.2k +70,196
91 COLDSTREAM CAPITAL MANAGEMENT INC 2.03% of their portfolio BELLEVUE, WA 1,768,4131.8m $72.7m $72.7m 2.03% Reduced -7.0k -7,026
92 Willis Johnson & Associates, Inc. 6.84% of their portfolio Houston, TX 1,732,8241.7m $71.2m $71.2m 6.84% Added +105.0k +104,995
93 COMERICA BANK 0.31% of their portfolio DALLAS, TX 1,612,9571.6m $66.3m $66.3m 0.31% Reduced -22.4k -22,355
94 Money Design Co.,Ltd. 3.73% of their portfolio TOKYO, M0 1,605,6631.6m $66.0m $66.0m 3.73% Added +159.1k +159,073
95 Cetera Advisor Networks LLC 0.36% of their portfolio EL SEGUNDO, CA 1,578,9351.6m $64.9m $64.9m 0.36% Added +42.9k +42,861
96 BROWN ADVISORY INC 0.09% of their portfolio BALTIMORE, MD 1,549,1901.5m $63.7m $63.7m 0.09% Reduced -63.5k -63,457
97 Steele Capital Management, Inc. 4.09% of their portfolio DUBUQUE, IA 1,528,7841.5m $62.8m $62.8m 4.09% First filing
98 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 1,528,5321.5m $62.8m $62.8m 0.10% Added +35.7k +35,725
99 Wedmont Private Capital 5.04% of their portfolio WEST CHESTER, PA 1,517,6851.5m $61.6m $61.6m 5.04% Added +21.2k +21,229
100 Litman Gregory Wealth Management LLC 5.86% of their portfolio LARKSPUR, CA 1,503,7971.5m $61.8m $61.8m 5.86% Reduced -109.8k -109,847