Vault-13

VANGUARD INTL EQUITY INDEX F VWO

FTSE EMR MKT ETF · ETP · CUSIP 922042858

2,039 institutional holders -18 vs Q4 2023
1,335,729,9681.3bn shares reported held*
$55.9bnreported value*
87 new 872 added 857 reduced 109 sold out net bought ≈ $2.1bn (+48.2m 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 ($92.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.82. Options: 6 managers hold calls ($54.7m notional), 8 hold puts ($68.4m).

Trends to Q1 2024

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: 2,057Q1 24: 2,0392,039Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20221,788
Q4 20221,905
Q1 20231,919
Q2 20231,945
Q3 20231,921
Q4 20232,057
Q1 20242,039

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 23Q1 24: 959 bought or addedQ1 24: 966 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022896846
Q1 20231,023767
Q2 2023937877
Q3 2023949842
Q4 2023897912
Q1 2024959966

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ2 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 1.32Q1 24 calls: $54.7mQ1 24 puts: $68.4mQ1 24P/C 1.25
Numbers
QuarterCallsPutsP/C
Q2 2023$41.9m$50.5m1.20
Q3 2023$49.9m$67.9m1.36
Q4 2023$46.6m$61.5m1.32
Q1 2024$54.7m$68.4m1.25

Biggest buyers

MORGAN STANLEY Added +43,716,394+43.7m
JANE STREET GROUP, LLC Added +9,130,142+9.1m
BANK OF AMERICA CORP /DE/ Added +4,723,969+4.7m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +3,193,571+3.2m
ENVESTNET ASSET MANAGEMENT INC Added +3,111,152+3.1m
SUMITOMO LIFE INSURANCE CO Added +3,035,472+3.0m
SEI INVESTMENTS CO Added +2,704,910+2.7m
Empower Advisory Group, LLC Added +2,209,131+2.2m
Empowered Funds, LLC Added +1,939,029+1.9m
VANGUARD GROUP INC Added +1,866,790+1.9m

Biggest sellers

Betterment LLC Reduced -16,979,490-17.0m
OLD MISSION CAPITAL LLC Reduced -8,124,245-8.1m
Bank of New York Mellon Corp Reduced -3,616,861-3.6m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -2,565,308-2.6m
OSAIC HOLDINGS, INC. Reduced -2,279,499-2.3m
Cerity Partners LLC Reduced -2,065,509-2.1m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -1,896,565-1.9m
Cetera Advisor Networks LLC Sold out -1,578,935-1.6m
Creative Planning Reduced -1,519,662-1.5m
Morningstar Investment Services LLC Reduced -1,205,396-1.2m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $45.8m1.1m shares
WELLS FARGO & COMPANY/MN Added $4.7m112.0k shares
CITADEL ADVISORS LLC Reduced $2.9m69.7k shares
GTS SECURITIES LLC Reduced $776.9k18.6k shares
Walleye Trading LLC Reduced $442.8k10.6k shares
Cutler Group LLC / CA Reduced $9.0k1.8k shares

Biggest puts

WELLS FARGO & COMPANY/MN Added $20.4m489.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $14.6m349.0k shares
CITADEL ADVISORS LLC Added $11.6m276.8k shares
UBS Group AG Reduced $9.9m236.2k shares
OAK HILL WEALTH ADVISORS, LLC New $5.7m137.4k shares
Walleye Trading LLC Added $5.1m122.2k shares
GTS SECURITIES LLC Reduced $1.1m25.6k shares
Cutler Group LLC / CA Reduced $4.0k24.3k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.15% of their portfolio NEW YORK, NY 135,129,480135.1m $5.6bn $5.6bn 0.15% Added +43.7m +43,716,394
2 BANK OF AMERICA CORP /DE/ 0.39% of their portfolio CHARLOTTE, NC 93,670,03493.7m $3.9bn $3.9bn 0.39% Added +4.7m +4,723,969
3 Betterment LLC 7.15% of their portfolio NEW YORK, NY 63,824,18063.8m $2.7bn $2.7bn 7.15% Reduced -17.0m -16,979,490
4 VANGUARD GROUP INC 0.05% of their portfolio Valley Forge, PA 60,300,80560.3m $2.5bn $2.5bn 0.05% Added +1.9m +1,866,790
5 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.37% of their portfolio MILWAUKEE, WI 55,220,92255.2m $2.3bn $2.3bn 2.37% Added +3.2m +3,193,571
6 Wealthfront Advisers LLC 6.06% of their portfolio Palo Alto, CA 41,447,52641.4m $1.7bn $1.7bn 6.06% Added +602.5k +602,482
7 WELLS FARGO & COMPANY/MN 0.46% of their portfolio SAN FRANCISCO, CA 41,303,15841.3m $1.7bn $1.7bn 0.46% Reduced -567.8k -567,837
8 ENVESTNET ASSET MANAGEMENT INC 0.63% of their portfolio Berwyn, PA 40,464,57840.5m $1.7bn $1.7bn 0.63% Added +3.1m +3,111,152
9 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 31,725,21631.7m $1.3bn $1.3bn 0.06% Reduced -866.5k -866,530
10 Empower Advisory Group, LLC 4.79% of their portfolio Greenwood Village, CO 30,639,35930.6m $1.3bn $1.3bn 4.79% Added +2.2m +2,209,131
11 JANE STREET GROUP, LLC 1.39% of their portfolio NEW YORK, NY 25,653,48525.7m $1.1bn $1.1bn 1.39% Added +9.1m +9,130,142
12 NORTHERN TRUST CORP 0.17% of their portfolio CHICAGO, IL 23,775,03423.8m $993.1m $993.1m 0.17% Added +1.6m +1,584,714
13 Creative Planning 1.00% of their portfolio OVERLAND PARK, KS 21,622,68421.6m $903.2m $903.2m 1.00% Reduced -1.5m -1,519,662
14 Financial Engines Advisors L.L.C. 2.02% of their portfolio SANTA CLARA, CA 21,504,13721.5m $898.2m $898.2m 2.02% Added +1.1m +1,134,854
15 GOLDMAN SACHS GROUP INC 0.18% of their portfolio NEW YORK, NY 20,668,86720.7m $863.3m $863.3m 0.18% Reduced -313.1k -313,089
16 UBS Group AG 0.24% of their portfolio ZURICH, V8 17,459,79017.5m $729.3m $729.3m 0.24% Added +212.0k +212,009
17 WealthNavi Inc. 9.29% of their portfolio Shinagawa-ku, TOKYO, M0 16,700,70316.7m $697.6m $697.6m 9.29% Added +974.5k +974,505
18 South Dakota Investment Council 11.89% of their portfolio SIOUX FALLS, SD 13,697,74813.7m $572.2m $572.2m 11.89% Reduced -235.6k -235,648
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 1.40% of their portfolio PLYMOUTH, MN 12,975,93013.0m $542.0m $542.0m 1.40% Reduced -2.6m -2,565,308
20 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 12,348,45512.3m $515.8m $515.8m 0.13% Added +995.0k +995,032
21 SEI INVESTMENTS CO 0.74% of their portfolio OAKS, PA 12,155,78512.2m $507.7m $507.7m 0.74% Added +2.7m +2,704,910
22 JONES FINANCIAL COMPANIES LLLP 0.68% of their portfolio DES PERES, MO 12,009,16812.0m $501.6m $501.6m 0.68% Added +405.9k +405,882
23 Mariner, LLC 1.00% of their portfolio Overland Park, KS 11,609,83411.6m $484.9m $484.9m 1.00% Added +1.5m +1,526,017
24 LPL Financial LLC 0.26% of their portfolio FORT MILL, SC 11,558,44411.6m $482.8m $482.8m 0.26% Added +1.1m +1,131,620
25 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 10,985,93211.0m $458.9m $458.9m 0.09% Reduced -3.6m -3,616,861
26 PNC Financial Services Group, Inc. 0.31% of their portfolio Pittsburgh, PA 10,755,23110.8m $449.2m $449.2m 0.31% Reduced -446.9k -446,872
27 TIAA TRUST, NATIONAL ASSOCIATION 1.19% of their portfolio CHARLOTTE, NC 9,301,6199.3m $388.5m $388.5m 1.19% Added +433.0k +432,975
28 US BANCORP \DE\ 0.51% of their portfolio MINNEAPOLIS, MN 8,804,8318.8m $367.8m $367.8m 0.51% Added +129.8k +129,772
29 MERCER GLOBAL ADVISORS INC /ADV 0.94% of their portfolio DENVER, CO 7,830,2997.8m $329.0m $329.0m 0.94% Added +1.2m +1,158,755
30 MATHER GROUP, LLC. 4.97% of their portfolio CHICAGO, IL 7,654,1347.7m $314.6m $314.6m 4.97% Reduced -23.4k -23,449
31 SCS Capital Management LLC 3.27% of their portfolio BOSTON, MA 7,343,6207.3m $306.7m $306.7m 3.27% Added +190.3k +190,334
32 Corient Private Wealth LP 0.54% of their portfolio MIAMI, FL 7,259,0357.3m $303.2m $303.2m 0.54% Added +855.9k +855,891
33 COMMONWEALTH EQUITY SERVICES, LLC 0.47% of their portfolio WALTHAM, MA 6,833,6636.8m $285.4m $285.4m 0.47% Reduced -26.7k -26,741
34 Alaska Permanent Fund Corp 4.18% of their portfolio JUNEAU, AK 6,800,6406.8m $284.1m $284.1m 4.18% Reduced -120.0k -120,031
35 Millburn Ridgefield LLC /DE/ 7.80% of their portfolio New York, NY 6,743,9306.7m $281.7m $281.7m 7.80% Added +741.0k +740,981
36 Catalyst Capital Advisors LLC 6.78% of their portfolio San Juan, PR 6,743,9306.7m $281.7m $281.7m 6.78% Added +741.0k +740,981
37 CITIGROUP INC 0.29% of their portfolio NEW YORK, NY 6,348,3166.3m $265.2m $265.2m 0.29% Added +695.5k +695,483
38 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 6,008,6476.0m $250.0m $250.0m 0.07% Added +771.9k +771,881
39 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.22% of their portfolio Toronto, A6 5,561,7625.6m $232.3m $232.3m 0.22% Added +234.1k +234,130
40 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 5,529,8055.5m $231.0m $231.0m 0.05% Reduced -1.9m -1,896,565
41 Envestnet Portfolio Solutions, Inc. 0.86% of their portfolio BERWYN, PA 5,467,1045.5m $228.4m $228.4m 0.86% Added +364.9k +364,890
42 HighTower Advisors, LLC 0.35% of their portfolio CHICAGO, IL 5,124,0875.1m $214.0m $214.0m 0.35% Reduced -30.5k -30,509
43 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 4,918,0704.9m $204.8m $204.8m 0.06% Added +1.6m +1,624,479
44 Bridgewater Associates, LP 1.02% of their portfolio Westport, CT 4,826,7434.8m $201.6m $201.6m 1.02% Reduced -545.3k -545,294
45 SUMITOMO LIFE INSURANCE CO 4.57% of their portfolio TOKYO, M0 4,212,0074.2m $175.9m $175.9m 4.57% Added +3.0m +3,035,472
46 STIFEL FINANCIAL CORP 0.20% of their portfolio ST. LOUIS, MO 4,186,7804.2m $174.9m $174.9m 0.20% Added +44.1k +44,125
47 Valmark Advisers, Inc. 2.85% of their portfolio AKRON, OH 3,923,2093.9m $163.9m $163.9m 2.85% Reduced -58.6k -58,591
48 CIBC Private Wealth Group LLC 0.30% of their portfolio ATLANTA, GA 3,603,4763.6m $151.1m $151.1m 0.30% Reduced -8.7k -8,657
49 SIGNATUREFD, LLC 3.10% of their portfolio ATLANTA, GA 3,518,2303.5m $147.0m $147.0m 3.10% Added +105.4k +105,419
50 Baird Financial Group, Inc. 0.31% of their portfolio MILWAUKEE, WI 3,506,4723.5m $146.5m $146.5m 0.31% Reduced -113.3k -113,282
51 KEYBANK NATIONAL ASSOCIATION/OH 0.55% of their portfolio BROOKLYN, OH 3,214,6803.2m $134.3m $134.3m 0.55% Reduced -753.5k -753,508
52 Raymond James Financial Services Advisors, Inc. 0.20% of their portfolio ST. PETERSBURG, FL 3,207,9313.2m $134.0m $134.0m 0.20% Added +56.0k +56,024
53 REGIONS FINANCIAL CORP 0.99% of their portfolio BIRMINGHAM, AL 3,132,1083.1m $130.8m $130.8m 0.99% Added +155.4k +155,434
54 M&T Bank Corp 0.45% of their portfolio BUFFALO, NY 3,084,5713.1m $128.8m $128.8m 0.45% Reduced -201.5k -201,519
55 Wealthspire Advisors, LLC 1.72% of their portfolio NEW YORK, NY 3,083,8503.1m $128.8m $128.8m 1.72% Added +102.2k +102,197
56 RAYMOND JAMES & ASSOCIATES 0.09% of their portfolio ST PETERSBURG, FL 3,003,1583.0m $125.4m $125.4m 0.09% Reduced -299.6k -299,635
57 Sand Hill Global Advisors, LLC 5.88% of their portfolio Palo Alto, CA 2,966,6253.0m $123.9m $123.9m 5.88% Added +60.0k +60,025
58 EP Wealth Advisors, LLC 1.42% of their portfolio TORRANCE, CA 2,911,2052.9m $121.6m $121.6m 1.42% Added +258.8k +258,790
59 Ballentine Partners, LLC 2.29% of their portfolio Waltham, MA 2,883,7142.9m $120.5m $120.5m 2.29% Reduced -21.9k -21,941
60 Nicholas Hoffman & Company, LLC. 6.11% of their portfolio ATLANTA, GA 2,881,5312.9m $120.4m $120.4m 6.11% Added +480.5k +480,494
61 Morningstar Investment Services LLC 1.32% of their portfolio CHICAGO, IL 2,878,3512.9m $119.8m $119.8m 1.32% Reduced -1.2m -1,205,396
62 Elm Partners Management LLC 9.27% of their portfolio Philadelphia, PA 2,805,1292.8m $117.2m $117.2m 9.27% Added +499.0k +498,994
63 CHOREO, LLC 2.97% of their portfolio ROCKFORD, IL 2,773,8892.8m $115.9m $115.9m 2.97% Reduced -110.8k -110,811
64 NEPC LLC 3.93% of their portfolio Boston, MA 2,731,4792.7m $114.1m $114.1m 3.93% Added +709.5k +709,505
65 OSAIC HOLDINGS, INC. 0.25% of their portfolio SCOTTSDALE, AZ 2,683,4992.7m $112.1m $112.1m 0.25% Reduced -2.3m -2,279,499
66 RWA WEALTH PARTNERS, LLC 1.48% of their portfolio BOSTON, MA 2,628,8812.6m $109.8m $109.8m 1.48% Added +137.1k +137,112
67 Cetera Investment Advisers 0.25% of their portfolio SCHAUMBURG, IL 2,570,3042.6m $107.4m $107.4m 0.25% Added +1.7m +1,717,500
68 Summit Rock Advisors, LP 33.80% of their portfolio New York, NY 2,522,7492.5m $105.4m $105.4m 33.80% Reduced -561.8k -561,826
69 Jasper Ridge Partners, L.P. 3.29% of their portfolio MENLO PARK, CA 2,503,5662.5m $104.6m $104.6m 3.29% Added +362.0k +362,001
70 JMG Financial Group, Ltd. 3.97% of their portfolio DOWNERS GROVE, IL 2,492,5082.5m $104.1m $104.1m 3.97% Added +146.0k +145,994
71 Cerity Partners LLC 0.26% of their portfolio NEW YORK, NY 2,339,5382.3m $97.7m $97.7m 0.26% Reduced -2.1m -2,065,509
72 MML INVESTORS SERVICES, LLC 0.39% of their portfolio SPRINGFIELD, MA 2,274,9602.3m $95.0m $95.0m 0.39% Reduced -118.2k -118,188
73 TEACHER RETIREMENT SYSTEM OF TEXAS 0.60% of their portfolio AUSTIN, TX 2,266,1562.3m $94.7m $94.7m 0.60% Unchanged
74 LAKE STREET ADVISORS GROUP, LLC 4.38% of their portfolio PORTSMOUTH, NH 2,245,3762.2m $93.8m $93.8m 4.38% Reduced -15.1k -15,144
75 MAI Capital Management 0.95% of their portfolio INDEPENDENCE, OH 2,177,2642.2m $90.9m $90.9m 0.95% Added +258.6k +258,594
76 LINCOLN NATIONAL CORP 1.42% of their portfolio RADNOR, PA 2,173,2202.2m $90.8m $90.8m 1.42% Added +86.1k +86,069
77 Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) 8.56% of their portfolio Tel Aviv, L3 2,126,1402.1m $88.8m $88.8m 8.56% Unchanged
78 Ellevest, Inc. 5.50% of their portfolio NEW YORK, NY 2,123,2912.1m $88.7m $88.7m 5.50% Added +99.4k +99,385
79 Badgley Phelps Wealth Managers, LLC 2.19% of their portfolio SEATTLE, WA 2,100,3932.1m $87.7m $87.7m 2.19% Added +210.1k +210,050
80 BRIDGES INVESTMENT MANAGEMENT INC 2.72% of their portfolio OMAHA, NE 2,083,3992.1m $87.0m $87.0m 2.72% Reduced -11.7k -11,676
81 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.95% of their portfolio MINNEAPOLIS, MN 2,049,3352.0m $85.6m $85.6m 1.95% Reduced -730.6k -730,553
82 Fusion Family Wealth, LLC 8.83% of their portfolio WOODBURY, NY 2,039,6412.0m $85.2m $85.2m 8.83% Added +204.0k +204,017
83 BLB&B Advisors, LLC 4.66% of their portfolio MONTGOMERYVILLE, PA 1,977,4332.0m $82.6m $82.6m 4.66% Added +163.7k +163,662
84 Empowered Funds, LLC 0.74% of their portfolio NEWTOWN SQUARE, PA 1,967,5102.0m $82.2m $82.2m 0.74% Added +1.9m +1,939,029
85 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,966,1932.0m $82.1m $82.1m 0.03% Reduced -52.7k -52,677
86 SCHRODER INVESTMENT MANAGEMENT GROUP 0.09% of their portfolio London, X0 1,931,0651.9m $80.7m $80.7m 0.09% Added +123.2k +123,177
87 Willis Johnson & Associates, Inc. 6.90% of their portfolio Houston, TX 1,899,7441.9m $79.4m $79.4m 6.90% Added +166.9k +166,920
88 Janney Montgomery Scott LLC 0.23% of their portfolio PHILADELPHIA, PA 1,865,3701.9m $77.9m $77.9m 0.23% Added +87.1k +87,109
89 Rockefeller Capital Management L.P. 0.22% of their portfolio NEW YORK, NY 1,834,4041.8m $76.6m $76.6m 0.22% Added +1.1k +1,075
90 FIFTH THIRD BANCORP 0.29% of their portfolio CINCINNATI, OH 1,792,3681.8m $74.9m $74.9m 0.29% Reduced -206.1k -206,125
91 Money Design Co.,Ltd. 4.04% of their portfolio TOKYO, M0 1,779,2491.8m $74.3m $74.3m 4.04% Added +173.6k +173,586
92 Modera Wealth Management, LLC 1.13% of their portfolio WESTWOOD, NJ 1,774,6091.8m $74.1m $74.1m 1.13% Reduced -17.6k -17,639
93 BESSEMER GROUP INC 0.13% of their portfolio WOODBRIDGE, NJ 1,761,4051.8m $73.6m $73.6m 0.13% Reduced -118.9k -118,898
94 COLDSTREAM CAPITAL MANAGEMENT INC 1.85% of their portfolio BELLEVUE, WA 1,744,4221.7m $72.9m $72.9m 1.85% Reduced -24.0k -23,991
95 Steele Capital Management, Inc. 4.17% of their portfolio DUBUQUE, IA 1,739,7971.7m $72.7m $72.7m 4.17% Added +211.0k +211,013
96 Facet Wealth, Inc. 2.49% of their portfolio WEST PALM BEACH, FL 1,692,1901.7m $73.7m $73.7m 2.49% Added +210.9k +210,900
97 Focus Partners Wealth 0.57% of their portfolio ST LOUIS, MO 1,680,8731.7m $70.2m $70.2m 0.57% Added +310.9k +310,912
98 SOFI WEALTH, LLC 6.43% of their portfolio SAN FRANCISCO, CA 1,656,4791.7m $69.2m $69.2m 6.43% Added +196.6k +196,591
99 Wedmont Private Capital 5.17% of their portfolio WEST CHESTER, PA 1,654,8781.7m $70.7m $70.7m 5.17% Added +137.2k +137,193
100 COMERICA BANK 0.28% of their portfolio DALLAS, TX 1,560,7261.6m $65.2m $65.2m 0.28% Reduced -52.2k -52,231