Vault-13

VANGUARD SCOTTSDALE FDS VGSH

SHORT TERM TREAS · ETP · CUSIP 92206C102

767 institutional holders +31 vs Q4 2022
210,872,620210.9m shares reported held*
$12.4bnreported value*
94 new 328 added 236 reduced 62 sold out net bought ≈ $1.2bn (+19.6m 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 ($45.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.57. Options: 3 managers hold calls ($6.8m notional), 2 hold puts ($480.0k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 663Q4 22: 736Q1 23: 767767Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022663
Q4 2022736
Q1 2023767

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 379 bought or addedQ4 22: 297 cut or sold outQ4 22Q1 23: 422 bought or addedQ1 23: 298 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022379297
Q1 2023422298

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $13.1mQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $1.2mQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $6.8mQ1 23 puts: $480.0kQ1 23P/C 0.07
Numbers
QuarterCallsPutsP/C
Q3 2022$13.1m$00.00
Q4 2022$1.2m$00.00
Q1 2023$6.8m$480.0k0.07

Biggest buyers

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +2,525,193+2.5m
Municipal Employees' Retirement System of Michigan Added +2,395,024+2.4m
MORGAN STANLEY Added +1,569,295+1.6m
Merit Financial Group, LLC Added +1,475,817+1.5m
Foundations Investment Advisors, LLC Added +1,471,266+1.5m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +1,380,215+1.4m
Orgel Wealth Management, LLC Added +1,319,804+1.3m
Blue Trust, Inc. Added +1,259,961+1.3m
BANK OF AMERICA CORP /DE/ Added +1,111,706+1.1m
M&T Bank Corp Added +900,367+900.4k

Biggest sellers

UBS Group AG Reduced -1,448,638-1.4m
Cresset Asset Management, LLC Reduced -1,369,633-1.4m
Elm Partners Management LLC Reduced -1,244,955-1.2m
AMERIPRISE FINANCIAL INC Reduced -1,220,322-1.2m
MISSION WEALTH MANAGEMENT, LP Reduced -1,111,308-1.1m
BROWN ADVISORY INC Reduced -975,225-975.2k
CBIZ Investment Advisory Services, LLC Sold out -886,837-886.8k
NOMURA ASSET MANAGEMENT CO LTD Reduced -745,300-745.3k
PATHSTONE FAMILY OFFICE, LLC Reduced -684,708-684.7k
WELLS FARGO & COMPANY/MN Reduced -658,655-658.7k

Biggest calls

CITADEL ADVISORS LLC New $5.2m89.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5m26.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC New $480.0k8.2k shares
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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.16% of their portfolio NEW YORK, NY 21,506,15021.5m $1.3bn $1.3bn 0.16% Added +502.4k +502,409
2 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 19,476,87619.5m $1.1bn $1.1bn 0.12% Added +1.6m +1,569,295
3 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 8,377,0078.4m $490.4m $490.4m 0.06% Added +1.1m +1,111,706
4 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 7,000,0007.0m $409.8m $409.8m 0.02% Unchanged
5 Orgel Wealth Management, LLC 13.54% of their portfolio ALTOONA, WI 6,469,1356.5m $378.7m $378.7m 13.54% Added +1.3m +1,319,804
6 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 5,902,4995.9m $345.5m $345.5m 0.11% Reduced -658.7k -658,655
7 Blue Trust, Inc. 4.33% of their portfolio BRENTWOOD, TN 4,559,6254.6m $263.6m $263.6m 4.33% Added +1.3m +1,259,961
8 Municipal Employees' Retirement System of Michigan 3.92% of their portfolio LANSING, MI 4,341,7884.3m $254.2m $254.2m 3.92% Added +2.4m +2,395,024
9 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 4,290,6414.3m $251.2m $251.2m 0.07% Reduced -615.9k -615,926
10 Baird Financial Group, Inc. 0.53% of their portfolio MILWAUKEE, WI 3,641,9133.6m $213.2m $213.2m 0.53% Added +242.8k +242,778
11 BROWN ADVISORY INC 0.32% of their portfolio BALTIMORE, MD 3,196,8693.2m $187.1m $187.1m 0.32% Reduced -975.2k -975,225
12 UBS Group AG 0.08% of their portfolio ZURICH, V8 2,983,0553.0m $174.6m $174.6m 0.08% Reduced -1.4m -1,448,638
13 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 2,962,8843.0m $173.4m $173.4m 0.08% Added +35.3k +35,262
14 HB Wealth Management, LLC 2.81% of their portfolio Atlanta, GA 2,827,5972.8m $161.8m $161.8m 2.81% Added +225.4k +225,357
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 2,638,2702.6m $154.4m $154.4m 0.05% Added +626.2k +626,235
16 M&T Bank Corp 0.58% of their portfolio BUFFALO, NY 2,553,9902.6m $149.5m $149.5m 0.58% Added +900.4k +900,367
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 1.73% of their portfolio PLYMOUTH, MN 2,529,9012.5m $148.1m $148.1m 1.73% Added +2.5m +2,525,193
18 PARTNERS CAPITAL INVESTMENT GROUP, LLP 6.32% of their portfolio BOSTON, MA 2,512,9952.5m $147.1m $147.1m 6.32% Added +1.4m +1,380,215
19 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 2,326,8562.3m $136.2m $136.2m 0.04% Added +310.6k +310,632
20 Valmark Advisers, Inc. 2.45% of their portfolio AKRON, OH 1,941,2301.9m $113.6m $113.6m 2.45% Added +62.1k +62,091
21 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,846,3891.8m $108.1m $108.1m 0.08% Added +19.6k +19,581
22 Smithfield Trust Co 6.64% of their portfolio PITTSBURGH, PA 1,770,3271.8m $103.6m $103.6m 6.64% Reduced -9.3k -9,273
23 ARMSTRONG ADVISORY GROUP, INC 10.99% of their portfolio NEEDHAM, MA 1,589,2891.6m $93.0m $93.0m 10.99% Added +803.1k +803,087
24 Gitterman Wealth Management, LLC 43.88% of their portfolio Edison, NJ 1,576,3171.6m $92.3m $92.3m 43.88% Added +40.8k +40,753
25 CITIGROUP INC 0.12% of their portfolio NEW YORK, NY 1,551,0451.6m $90.8m $90.8m 0.12% Added +766.5k +766,491
26 Merit Financial Group, LLC 3.20% of their portfolio ALPHARETTA, GA 1,491,2091.5m $87.3m $87.3m 3.20% Added +1.5m +1,475,817
27 Advisory Alpha, LLC 5.53% of their portfolio HOLLAND, MI 1,488,8951.5m $87.2m $87.2m 5.53% Added +346.7k +346,659
28 Foundations Investment Advisors, LLC 3.10% of their portfolio PHOENIX, AZ 1,479,6531.5m $86.6m $86.6m 3.10% Added +1.5m +1,471,266
29 Thrivent Financial for Lutherans 0.21% of their portfolio Minneapolis, MN 1,465,7071.5m $85.8m $85.8m 0.21% Added +437.1k +437,050
30 Hilton Capital Management, LLC 10.91% of their portfolio Garden City, NY 1,442,5171.4m $83.4m $83.4m 10.91% Reduced -150.5k -150,482
31 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,412,9561.4m $84.1m $84.1m 0.03% Reduced -1.2m -1,220,322
32 AE Wealth Management LLC 0.52% of their portfolio TOPEKA, KS 1,378,5411.4m $80.7m $80.7m 0.52% Added +148.6k +148,648
33 CAPITAL ADVISORS INC/OK 2.10% of their portfolio TULSA, OK 1,333,6671.3m $78.1m $78.1m 2.10% Added +557.3k +557,323
34 Raymond James Financial Services Advisors, Inc. 0.15% of their portfolio ST. PETERSBURG, FL 1,320,8871.3m $77.3m $77.3m 0.15% Reduced -37.1k -37,086
35 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 1,225,6381.2m $71.7m $71.7m 0.12% Reduced -334.7k -334,725
36 Relative Value Partners Group, LLC 2.35% of their portfolio NORTHBROOK, IL 1,174,0841.2m $68.7m $68.7m 2.35% Added +623.4k +623,407
37 Spire Wealth Management 2.66% of their portfolio MCLEAN, VA 1,167,3251.2m $68.3m $68.3m 2.66% Added +189.8k +189,822
38 HighTower Advisors, LLC 0.15% of their portfolio CHICAGO, IL 1,146,0161.1m $67.1m $67.1m 0.15% Reduced -2.3k -2,290
39 Defender Capital, LLC. 22.57% of their portfolio CHARLOTTE, NC 1,104,1701.1m $64.6m $64.6m 22.57% Added +259.3k +259,260
40 Cornerstone Wealth Advisors, Inc. 22.75% of their portfolio EDINA, MN 1,069,6891.1m $62.6m $62.6m 22.75% Reduced -28.7k -28,665
41 Herr Investment Group LLC 15.47% of their portfolio AUSTIN, TX 1,065,5781.1m $62.4m $62.4m 15.47% Added +443.5k +443,479
42 Cambridge Investment Research Advisors, Inc. 0.30% of their portfolio FAIRFIELD, IA 1,033,7321.0m $60.5m $60.5m 0.30% Reduced -431.1k -431,112
43 Creative Planning 0.08% of their portfolio OVERLAND PARK, KS 977,228977.2k $57.2m $57.2m 0.08% Added +158.8k +158,789
44 Mariner, LLC 0.16% of their portfolio Overland Park, KS 965,101965.1k $56.5m $56.5m 0.16% Reduced -9.1k -9,096
45 SPINNAKER TRUST 4.13% of their portfolio PORTLAND, ME 931,085931.1k $54.5m $54.5m 4.13% Reduced -11.6k -11,598
46 BOK Financial Private Wealth, Inc. 4.18% of their portfolio DENVER, CO 888,099888.1k $52.0m $52.0m 4.18% Added +68.8k +68,769
47 Merriman Wealth Management, LLC 2.67% of their portfolio SEATTLE, WA 884,017884.0k $51.8m $51.8m 2.67% New
48 Money Design Co.,Ltd. 3.01% of their portfolio TOKYO, M0 871,000871.0k $51.0m $51.0m 3.01% Added +311.3k +311,286
49 MML INVESTORS SERVICES, LLC 0.36% of their portfolio SPRINGFIELD, MA 863,461863.5k $50.5m $50.5m 0.36% Added +264.1k +264,066
50 Cerity Partners LLC 0.13% of their portfolio NEW YORK, NY 862,250862.2k $50.5m $50.5m 0.13% Added +188.3k +188,284
51 Capital Investment Advisory Services, LLC 5.91% of their portfolio RALEIGH, NC 855,568855.6k $50.1m $50.1m 5.91% Added +1.3k +1,294
52 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 827,138827.1k $48.4m $48.4m 0.09% Added +142.5k +142,506
53 CWA Asset Management Group, LLC 3.41% of their portfolio NAPLES, FL 785,185785.2k $46.0m $46.0m 3.41% Added +776.6k +776,647
54 Chemistry Wealth Management LLC 15.82% of their portfolio NEW YORK, NY 776,661776.7k $45.5m $45.5m 15.82% Added +175.0k +175,011
55 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 1.90% of their portfolio Seattle, WA 746,654746.7k $43.7m $43.7m 1.90% Added +19.9k +19,850
56 Eagle Ridge Investment Management 4.86% of their portfolio STAMFORD, CT 738,475738.5k $43.2m $43.2m 4.86% Added +20.9k +20,939
57 Pure Financial Advisors, LLC 2.00% of their portfolio SAN DIEGO, CA 736,075736.1k $43.1m $43.1m 2.00% Added +95.3k +95,272
58 Atria Investments, Inc 0.81% of their portfolio Charlotte, NC 727,063727.1k $42.6m $42.6m 0.81% Added +7.6k +7,573
59 Alta Advisers Ltd 23.20% of their portfolio LONDON, X0 663,877663.9k $38.9m $38.9m 23.20% Reduced -74.5k -74,534
60 R. W. Roge & Company, Inc. 24.86% of their portfolio BOHEMIA, NY 663,349663.3k $38.8m $38.8m 24.86% Added +624.8k +624,821
61 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 646,290646.3k $37.8m $37.8m 0.06% Added +334.9k +334,940
62 1834 INVESTMENT ADVISORS CO 4.31% of their portfolio Milwaukee, WI 614,105614.1k $35.9m $35.9m 4.31% Added +99.8k +99,782
63 Wealth Dimensions Group, Ltd. 13.49% of their portfolio CINCINNATI, OH 595,433595.4k $34.9m $34.9m 13.49% Added +18.4k +18,393
64 GenTrust, LLC 2.46% of their portfolio MIAMI, FL 583,887583.9k $34.2m $34.2m 2.46% Added +442.0k +441,992
65 Evensky & Katz LLC 2.74% of their portfolio CORAL GABLES, FL 580,700580.7k $34.0m $34.0m 2.74% Added +22.1k +22,097
66 Foster Group, Inc. 2.02% of their portfolio WEST DES MOINES, IA 546,542546.5k $32.0m $32.0m 2.02% New
67 Cetera Advisors LLC 0.53% of their portfolio DENVER, CO 544,091544.1k $31.9m $31.9m 0.53% Added +51.0k +51,013
68 INSIGHT 2811, INC. 19.63% of their portfolio CHICAGO, IL 542,313542.3k $31.7m $31.7m 19.63% Reduced -19.2k -19,157
69 Oak Harvest Investment Services 7.21% of their portfolio HOUSTON, TX 534,297534.3k $31.3m $31.3m 7.21% Added +97.0k +96,993
70 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 527,808527.8k $30.9m $30.9m 0.04% Added +101.0k +101,024
71 Apriem Advisors 4.89% of their portfolio IRVINE, CA 522,005522.0k $30.6m $30.6m 4.89% Added +3.0k +2,959
72 MERCER GLOBAL ADVISORS INC /ADV 0.14% of their portfolio DENVER, CO 516,139516.1k $30.2m $30.2m 0.14% Added +55.1k +55,055
73 Beacon Pointe Advisors, LLC 0.51% of their portfolio NEWPORT BEACH, CA 513,645513.6k $30.1m $30.1m 0.51% Added +66.5k +66,513
74 MainStreet Investment Advisors LLC 3.15% of their portfolio CHICAGO, IL 496,433496.4k $29.1m $29.1m 3.15% Added +93.5k +93,454
75 Elm Partners Management LLC 3.04% of their portfolio Philadelphia, PA 493,800493.8k $28.9m $28.9m 3.04% Reduced -1.2m -1,244,955
76 Traverso Chambers Private Wealth Management, LLC 7.83% of their portfolio SANTA ROSA, CA 487,746487.7k $28.6m $28.6m 7.83% Reduced -1.3k -1,298
77 Orion Porfolio Solutions, LLC 0.35% of their portfolio OMAHA, NE 486,981487.0k $28.5m $28.5m 0.35% Added +11.7k +11,738
78 Orion Portfolio Solutions, LLC 0.35% of their portfolio Omaha, NE 486,981487.0k $28.5m $28.5m 0.35% Added +411.9k +411,903
79 Charles Schwab Trust Co 3.37% of their portfolio HENDERSON, NV 476,357476.4k $27.9m $27.9m 3.37% Reduced -3.9k -3,885
80 Winch Advisory Services, LLC 10.52% of their portfolio Appleton, WI 463,049463.0k $27.1m $27.1m 10.52% Added +9.2k +9,157
81 Cetera Advisor Networks LLC 0.20% of their portfolio EL SEGUNDO, CA 460,385460.4k $27.0m $27.0m 0.20% Added +134.7k +134,735
82 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 455,745455.7k $26.7m $26.7m 0.02% Added +28.0k +28,022
83 GeoWealth Management, LLC 3.03% of their portfolio CHICAGO, IL 442,179442.2k $25.9m $25.9m 3.03% Added +437.9k +437,884
84 Vectors Research Management, LLC 6.66% of their portfolio New York, NY 441,204441.2k $25.8m $25.8m 6.66% Added +27.8k +27,788
85 Cypress Capital, LLC 7.90% of their portfolio FRANKLIN, TN 431,766431.8k $25.3m $25.3m 7.90% Added +17.7k +17,739
86 Cetera Investment Advisers 0.22% of their portfolio SCHAUMBURG, IL 426,918426.9k $25.0m $25.0m 0.22% Reduced -15.9k -15,900
87 Schiavi & Co LLC 10.72% of their portfolio WILMINGTON, DE 422,693422.7k $24.7m $24.7m 10.72% Added +412.0k +411,994
88 Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio SEOUL, M5 422,640422.6k $24.7m $24.7m 0.06% Added +22.6k +22,602
89 MassMutual Private Wealth & Trust, FSB 0.94% of their portfolio Windsor, CT 418,804418.8k $24.5m $24.5m 0.94% Added +84.0k +84,000
90 HNP Capital LLC 6.81% of their portfolio ROCHESTER, NY 417,767417.8k $24.5m $24.5m 6.81% Added +23.2k +23,236
91 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 416,003416.0k $24.4m $24.4m 0.05% Added +33.4k +33,353
92 Opus Capital Group, LLC 4.45% of their portfolio CINCINNATI, OH 414,589414.6k $24.3m $24.3m 4.45% Added +56.3k +56,257
93 Simplicity Solutions, LLC 0.63% of their portfolio MINNEAPOLIS, MN 410,470410.5k $24.0m $24.0m 0.63% New
94 Bleakley Financial Group, LLC 0.80% of their portfolio PARSIPPANY, NJ 410,470410.5k $24.0m $24.0m 0.80% Reduced -59.1k -59,107
95 OLD NATIONAL BANCORP /IN/ 0.73% of their portfolio EVANSVILLE, IN 406,954407.0k $23.8m $23.8m 0.73% Added +116.9k +116,911
96 CREATIVE FINANCIAL DESIGNS INC /ADV 3.01% of their portfolio KOKOMO, IN 392,254392.3k $23.0m $23.0m 3.01% Added +381.9k +381,923
97 Cordant, Inc. 14.72% of their portfolio PORTLAND, OR 387,428387.4k $22.7m $22.7m 14.72% Added +7.7k +7,749
98 Estate Counselors, LLC 2.92% of their portfolio Thiensville, WI 377,795377.8k $22.1m $22.1m 2.92% Reduced -14.1k -14,130
99 PRUDENT INVESTORS NETWORK, INC. 10.36% of their portfolio LAKE FOREST, CA 373,133373.1k $21.8m $21.8m 10.36% New
100 Five Oceans Advisors 13.92% of their portfolio SANTA MONICA, CA 367,474367.5k $21.5m $21.5m 13.92% Reduced -7.8k -7,822