Vault-13

VANGUARD SCOTTSDALE FDS VGSH

SHORT TERM TREAS · ETP · CUSIP 92206C102

809 institutional holders +42 vs Q1 2023
251,231,248251.2m shares reported held*
$14.5bnreported value*
91 new 336 added 263 reduced 58 sold out net bought ≈ $2.3bn (+39.6m 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 ($22.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.85. Options: 4 managers hold calls ($3.2m notional), 2 hold puts ($132.8k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 663Q4 22: 736Q1 23: 767Q2 23: 809809Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022663
Q4 2022736
Q1 2023767
Q2 2023809

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 23Q2 23: 427 bought or addedQ2 23: 321 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022379297
Q1 2023422298
Q2 2023427321

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 0.07Q2 23 calls: $3.2mQ2 23 puts: $132.8kQ2 23P/C 0.04
Numbers
QuarterCallsPutsP/C
Q3 2022$13.1m$00.00
Q4 2022$1.2m$00.00
Q1 2023$6.8m$480.0k0.07
Q2 2023$3.2m$132.8k0.04

Biggest buyers

JPMORGAN CHASE & CO Added +26,855,553+26.9m
SCS Capital Management LLC New +7,282,126+7.3m
WELLS FARGO & COMPANY/MN Added +1,632,760+1.6m
M&T Bank Corp Added +1,267,479+1.3m
MORGAN STANLEY Added +1,039,497+1.0m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +813,934+813.9k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +785,561+785.6k
Intelligence Driven Advisers, LLC New +781,052+781.1k
Brookstone Capital Management Added +739,550+739.5k
ASSETMARK, INC Added +618,551+618.6k

Biggest sellers

Baird Financial Group, Inc. Reduced -1,521,029-1.5m
CAPITAL ADVISORS INC/OK Reduced -1,148,762-1.1m
R. W. Roge & Company, Inc. Reduced -657,094-657.1k
Atria Investments, Inc Reduced -648,174-648.2k
JANE STREET GROUP, LLC Reduced -639,183-639.2k
Relative Value Partners Group, LLC Reduced -553,578-553.6k
BANK OF AMERICA CORP /DE/ Reduced -516,267-516.3k
BROWN ADVISORY INC Reduced -496,146-496.1k
Merriman Wealth Management, LLC Reduced -486,574-486.6k
Foundations Investment Advisors, LLC Reduced -485,868-485.9k

Biggest calls

CITADEL ADVISORS LLC Reduced $1.5m26.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4m23.5k shares
WOLVERINE TRADING, LLC New $300.1k5.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $132.8k2.3k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.32% of their portfolio NEW YORK, NY 48,361,70348.4m $2.8bn $2.8bn 0.32% Added +26.9m +26,855,553
2 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 20,516,37320.5m $1.2bn $1.2bn 0.12% Added +1.0m +1,039,497
3 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 7,860,7407.9m $453.8m $453.8m 0.05% Reduced -516.3k -516,267
4 WELLS FARGO & COMPANY/MN 0.13% of their portfolio SAN FRANCISCO, CA 7,535,2597.5m $435.0m $435.0m 0.13% Added +1.6m +1,632,760
5 SCS Capital Management LLC 10.33% of their portfolio BOSTON, MA 7,282,1267.3m $420.4m $420.4m 10.33% New
6 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 7,000,0007.0m $404.1m $404.1m 0.02% Unchanged
7 Orgel Wealth Management, LLC 12.39% of their portfolio ALTOONA, WI 6,498,7656.5m $375.2m $375.2m 12.39% Added +29.6k +29,630
8 Municipal Employees' Retirement System of Michigan 3.66% of their portfolio LANSING, MI 4,445,2524.4m $256.6m $256.6m 3.66% Added +103.5k +103,464
9 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 4,400,4984.4m $254.0m $254.0m 0.06% Added +109.9k +109,857
10 Blue Trust, Inc. 3.91% of their portfolio BRENTWOOD, TN 4,215,8734.2m $246.8m $246.8m 3.91% Reduced -343.8k -343,752
11 M&T Bank Corp 0.82% of their portfolio BUFFALO, NY 3,821,4693.8m $220.6m $220.6m 0.82% Added +1.3m +1,267,479
12 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio SAN FRANCISCO, CA 3,423,8313.4m $197.7m $197.7m 0.06% Added +785.6k +785,561
13 PARTNERS CAPITAL INVESTMENT GROUP, LLP 4.11% of their portfolio BOSTON, MA 3,326,9293.3m $192.1m $192.1m 4.11% Added +813.9k +813,934
14 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 3,054,0723.1m $176.3m $176.3m 0.08% Added +91.2k +91,188
15 HB Wealth Management, LLC 2.73% of their portfolio Atlanta, GA 2,986,0893.0m $170.9m $170.9m 2.73% Added +158.5k +158,492
16 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 1.85% of their portfolio PLYMOUTH, MN 2,975,4493.0m $171.8m $171.8m 1.85% Added +445.5k +445,548
17 UBS Group AG 0.07% of their portfolio ZURICH, V8 2,817,2132.8m $162.6m $162.6m 0.07% Reduced -165.8k -165,842
18 BROWN ADVISORY INC 0.24% of their portfolio BALTIMORE, MD 2,700,7232.7m $155.9m $155.9m 0.24% Reduced -496.1k -496,146
19 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 2,465,9012.5m $142.4m $142.4m 0.04% Added +139.0k +139,045
20 Baird Financial Group, Inc. 0.32% of their portfolio MILWAUKEE, WI 2,120,8842.1m $122.4m $122.4m 0.32% Reduced -1.5m -1,521,029
21 Valmark Advisers, Inc. 2.37% of their portfolio AKRON, OH 2,015,5902.0m $116.4m $116.4m 2.37% Added +74.4k +74,360
22 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,981,0812.0m $114.4m $114.4m 0.08% Added +134.7k +134,692
23 Smithfield Trust Co 6.32% of their portfolio PITTSBURGH, PA 1,811,8081.8m $104.6m $104.6m 6.32% Added +41.5k +41,481
24 AE Wealth Management LLC 0.61% of their portfolio TOPEKA, KS 1,744,9311.7m $100.7m $100.7m 0.61% Added +366.4k +366,390
25 Merit Financial Group, LLC 3.17% of their portfolio ALPHARETTA, GA 1,691,9001.7m $97.7m $97.7m 3.17% Added +200.7k +200,691
26 Thrivent Financial for Lutherans 0.22% of their portfolio Minneapolis, MN 1,642,5161.6m $94.8m $94.8m 0.22% Added +176.8k +176,809
27 Gitterman Wealth Management, LLC 43.37% of their portfolio Edison, NJ 1,611,1031.6m $93.0m $93.0m 43.37% Added +34.8k +34,786
28 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,607,1301.6m $95.6m $95.6m 0.03% Added +194.2k +194,174
29 Advisory Alpha, LLC 4.67% of their portfolio HOLLAND, MI 1,577,3551.6m $91.1m $91.1m 4.67% Added +88.5k +88,460
30 CITIGROUP INC 0.11% of their portfolio NEW YORK, NY 1,543,7681.5m $89.1m $89.1m 0.11% Reduced -7.3k -7,277
31 Money Design Co.,Ltd. 4.86% of their portfolio TOKYO, M0 1,422,3861.4m $82.1m $82.1m 4.86% Added +551.4k +551,386
32 HighTower Advisors, LLC 0.16% of their portfolio CHICAGO, IL 1,389,7651.4m $80.2m $80.2m 0.16% Added +243.7k +243,749
33 Hilton Capital Management, LLC 9.36% of their portfolio Garden City, NY 1,350,1241.4m $77.9m $77.9m 9.36% Reduced -92.4k -92,393
34 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 1,290,2661.3m $74.5m $74.5m 0.12% Added +64.6k +64,628
35 ARMSTRONG ADVISORY GROUP, INC 7.56% of their portfolio NEEDHAM, MA 1,234,3261.2m $71.3m $71.3m 7.56% Reduced -355.0k -354,963
36 Defender Capital, LLC. 23.90% of their portfolio CHARLOTTE, NC 1,204,1451.2m $69.5m $69.5m 23.90% Added +100.0k +99,975
37 Cornerstone Wealth Advisors, Inc. 21.27% of their portfolio EDINA, MN 1,070,3301.1m $61.8m $61.8m 21.27% Added +641 +641
38 Herr Investment Group LLC 18.15% of their portfolio AUSTIN, TX 1,045,0381.0m $60.3m $60.3m 18.15% Reduced -20.5k -20,540
39 Evensky & Katz LLC 4.46% of their portfolio CORAL GABLES, FL 1,019,5331.0m $58.9m $58.9m 4.46% Added +438.8k +438,833
40 MML INVESTORS SERVICES, LLC 0.32% of their portfolio SPRINGFIELD, MA 1,002,8901.0m $57.9m $57.9m 0.32% Added +139.4k +139,429
41 Foundations Investment Advisors, LLC 1.90% of their portfolio PHOENIX, AZ 993,785993.8k $57.4m $57.4m 1.90% Reduced -485.9k -485,868
42 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 981,682981.7k $56.7m $56.7m 0.10% Added +154.5k +154,544
43 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 962,912962.9k $55.6m $55.6m 0.07% Added +435.1k +435,104
44 Creative Planning 0.07% of their portfolio OVERLAND PARK, KS 961,979962.0k $55.5m $55.5m 0.07% Reduced -15.2k -15,249
45 Cerity Partners LLC 0.22% of their portfolio NEW YORK, NY 956,850956.9k $55.2m $55.2m 0.22% Added +94.6k +94,600
46 Raymond James Financial Services Advisors, Inc. 0.10% of their portfolio ST. PETERSBURG, FL 938,317938.3k $54.2m $54.2m 0.10% Reduced -382.6k -382,570
47 SPINNAKER TRUST 3.93% of their portfolio PORTLAND, ME 936,668936.7k $54.1m $54.1m 3.93% Added +5.6k +5,583
48 CWA Asset Management Group, LLC 3.59% of their portfolio NAPLES, FL 903,543903.5k $52.2m $52.2m 3.59% Added +118.4k +118,358
49 ASSETMARK, INC 0.20% of their portfolio CONCORD, CA 893,924893.9k $51.6m $51.6m 0.20% Added +618.6k +618,551
50 Capital Investment Advisory Services, LLC 4.90% of their portfolio RALEIGH, NC 858,517858.5k $49.6m $49.6m 4.90% Added +2.9k +2,949
51 Pure Financial Advisors, LLC 2.08% of their portfolio SAN DIEGO, CA 851,200851.2k $49.1m $49.1m 2.08% Added +115.1k +115,125
52 BOK Financial Private Wealth, Inc. 3.96% of their portfolio DENVER, CO 841,384841.4k $48.6m $48.6m 3.96% Reduced -46.7k -46,715
53 Spire Wealth Management 1.77% of their portfolio MCLEAN, VA 829,785829.8k $47.9m $47.9m 1.77% Reduced -337.5k -337,540
54 Brookstone Capital Management 0.95% of their portfolio WHEATON, IL 817,427817.4k $47.0m $47.0m 0.95% Added +739.5k +739,550
55 Chemistry Wealth Management LLC 14.73% of their portfolio NEW YORK, NY 784,507784.5k $45.3m $45.3m 14.73% Added +7.8k +7,846
56 Intelligence Driven Advisers, LLC 7.87% of their portfolio CARLSBAD, CA 781,052781.1k $44.9m $44.9m 7.87% New
57 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 1.79% of their portfolio Seattle, WA 769,215769.2k $44.4m $44.4m 1.79% Added +22.6k +22,561
58 Eagle Ridge Investment Management 4.61% of their portfolio STAMFORD, CT 760,886760.9k $43.9m $43.9m 4.61% Added +22.4k +22,411
59 Mariner, LLC 0.11% of their portfolio Overland Park, KS 698,727698.7k $40.3m $40.3m 0.11% Reduced -266.4k -266,374
60 Alta Advisers Ltd 22.61% of their portfolio LONDON, X0 696,192696.2k $40.2m $40.2m 22.61% Added +32.3k +32,315
61 INSIGHT 2811, INC. 20.46% of their portfolio CHICAGO, IL 651,251651.3k $37.6m $37.6m 20.46% Added +108.9k +108,938
62 Oak Harvest Investment Services 8.38% of their portfolio HOUSTON, TX 647,690647.7k $37.4m $37.4m 8.38% Added +113.4k +113,393
63 Cambridge Investment Research Advisors, Inc. 0.17% of their portfolio FAIRFIELD, IA 641,030641.0k $37.0m $37.0m 0.17% Reduced -392.7k -392,702
64 1834 INVESTMENT ADVISORS CO 4.35% of their portfolio Milwaukee, WI 633,105633.1k $36.5m $36.5m 4.35% Added +19.0k +19,000
65 Relative Value Partners Group, LLC 2.31% of their portfolio NORTHBROOK, IL 620,506620.5k $35.8m $35.8m 2.31% Reduced -553.6k -553,578
66 SHAH CAPITAL MANAGEMENT 3.19% of their portfolio RALEIGH, NC 618,669618.7k $35.9m $35.9m 3.19% Added +412.4k +412,446
67 Wealth Dimensions Group, Ltd. 12.52% of their portfolio CINCINNATI, OH 595,575595.6k $34.4m $34.4m 12.52% Added +142 +142
68 Cetera Advisors LLC 0.52% of their portfolio DENVER, CO 571,552571.6k $33.0m $33.0m 0.52% Added +27.5k +27,461
69 Foster Group, Inc. 1.95% of their portfolio WEST DES MOINES, IA 562,199562.2k $32.5m $32.5m 1.95% Added +15.7k +15,657
70 Simplicity Solutions, LLC 0.87% of their portfolio MINNEAPOLIS, MN 549,585549.6k $31.7m $31.7m 0.87% Added +139.1k +139,115
71 MERCER GLOBAL ADVISORS INC /ADV 0.13% of their portfolio DENVER, CO 547,391547.4k $31.6m $31.6m 0.13% Added +31.3k +31,252
72 Beacon Pointe Advisors, LLC 0.51% of their portfolio NEWPORT BEACH, CA 536,993537.0k $31.0m $31.0m 0.51% Added +23.3k +23,348
73 Private Advisor Group, LLC 0.27% of their portfolio MORRISTOWN, NJ 531,902531.9k $30.7m $30.7m 0.27% Added +282.3k +282,292
74 MainStreet Investment Advisors LLC 3.28% of their portfolio CHICAGO, IL 523,058523.1k $30.2m $30.2m 3.28% Added +26.6k +26,625
75 Apriem Advisors 4.49% of their portfolio IRVINE, CA 518,515518.5k $29.9m $29.9m 4.49% Reduced -3.5k -3,490
76 Traverso Chambers Private Wealth Management, LLC 7.75% of their portfolio SANTA ROSA, CA 511,335511.3k $29.5m $29.5m 7.75% Added +23.6k +23,589
77 Opus Capital Group, LLC 5.08% of their portfolio CINCINNATI, OH 508,421508.4k $29.4m $29.4m 5.08% Added +93.8k +93,832
78 Orion Porfolio Solutions, LLC 0.30% of their portfolio OMAHA, NE 482,446482.4k $27.9m $27.9m 0.30% Reduced -4.5k -4,535
79 Orion Portfolio Solutions, LLC 0.30% of their portfolio Omaha, NE 482,446482.4k $27.9m $27.9m 0.30% Reduced -4.5k -4,535
80 OLD NATIONAL BANCORP /IN/ 0.79% of their portfolio EVANSVILLE, IN 479,332479.3k $27.7m $27.7m 0.79% Added +72.4k +72,378
81 Cetera Advisor Networks LLC 0.19% of their portfolio EL SEGUNDO, CA 476,958477.0k $27.5m $27.5m 0.19% Added +16.6k +16,573
82 BENJAMIN F. EDWARDS & COMPANY, INC. 1.04% of their portfolio ST. LOUIS, MO 474,479474.5k $27.4m $27.4m 1.04% Added +386.4k +386,405
83 Mirae Asset Global Investments Co., Ltd. 0.06% of their portfolio SEOUL, M5 469,178469.2k $27.1m $27.1m 0.06% Added +46.5k +46,538
84 Winch Advisory Services, LLC 9.71% of their portfolio Appleton, WI 468,197468.2k $27.0m $27.0m 9.71% Added +5.1k +5,148
85 Charles Schwab Trust Co 3.25% of their portfolio HENDERSON, NV 464,025464.0k $27.0m $27.0m 3.25% Reduced -12.3k -12,332
86 Bleakley Financial Group, LLC 0.84% of their portfolio PARSIPPANY, NJ 463,696463.7k $26.8m $26.8m 0.84% Added +53.2k +53,226
87 MassMutual Private Wealth & Trust, FSB 0.95% of their portfolio Windsor, CT 458,822458.8k $26.5m $26.5m 0.95% Added +40.0k +40,018
88 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 449,574449.6k $26.0m $26.0m 0.05% Added +33.6k +33,571
89 Schiavi & Co LLC 10.41% of their portfolio WILMINGTON, DE 435,173435.2k $25.1m $25.1m 10.41% Added +12.5k +12,480
90 Cetera Investment Advisers 0.21% of their portfolio SCHAUMBURG, IL 429,350429.4k $24.8m $24.8m 0.21% Added +2.4k +2,432
91 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 429,213429.2k $24.8m $24.8m 0.02% Reduced -26.5k -26,532
92 Cypress Capital, LLC 7.06% of their portfolio FRANKLIN, TN 425,146425.1k $24.5m $24.5m 7.06% Reduced -6.6k -6,620
93 Merriman Wealth Management, LLC 1.13% of their portfolio SEATTLE, WA 397,443397.4k $22.9m $22.9m 1.13% Reduced -486.6k -486,574
94 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.12% of their portfolio IRVING, TX 394,147394.1k $22.8m $22.8m 0.12% Added +234.6k +234,619
95 Arista Wealth Management, LLC 9.34% of their portfolio Las Vegas, NV 389,350389.4k $22.5m $22.5m 9.34% Added +112.2k +112,238
96 GeoWealth Management, LLC 2.40% of their portfolio CHICAGO, IL 385,311385.3k $22.2m $22.2m 2.40% Reduced -56.9k -56,868
97 Cordant, Inc. 14.41% of their portfolio PORTLAND, OR 384,637384.6k $22.2m $22.2m 14.41% Reduced -2.8k -2,791
98 MAYPORT, LLC 12.38% of their portfolio NEWTON, MA 379,096379.1k $21.9m $21.9m 12.38% Added +22.6k +22,603
99 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 374,611374.6k $21.6m $21.6m 0.08% First filing
100 PRUDENT INVESTORS NETWORK, INC. 10.19% of their portfolio LAKE FOREST, CA 374,540374.5k $21.6m $21.6m 10.19% Added +1.4k +1,407