Vault-13

VANGUARD SCOTTSDALE FDS VGSH

SHORT TERM TREAS · ETP · CUSIP 92206C102

814 institutional holders +5 vs Q2 2023
256,405,693256.4m shares reported held*
$14.8bnreported value*
80 new 312 added 310 reduced 78 sold out net bought ≈ $266.2m (+5.0m 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 ($42.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.60. Options: 4 managers hold calls ($4.5m notional), 4 hold puts ($4.5m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 663Q4 22: 736Q1 23: 767Q2 23: 809Q3 23: 814814Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022663
Q4 2022736
Q1 2023767
Q2 2023809
Q3 2023814

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 23Q3 23: 392 bought or addedQ3 23: 388 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022379297
Q1 2023422298
Q2 2023427321
Q3 2023392388

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ4 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 0.04Q3 23 calls: $4.5mQ3 23 puts: $4.5mQ3 23P/C 0.99
Numbers
QuarterCallsPutsP/C
Q4 2022$1.2m$00.00
Q1 2023$6.8m$480.0k0.07
Q2 2023$3.2m$132.8k0.04
Q3 2023$4.5m$4.5m0.99

Biggest buyers

JPMORGAN CHASE & CO Added +7,909,057+7.9m
NEPC LLC New +1,913,635+1.9m
NORTHERN TRUST CORP Added +1,473,391+1.5m
CAPITAL ADVISORS INC/OK Added +1,016,226+1.0m
ENVESTNET ASSET MANAGEMENT INC Added +959,378+959.4k
Acropolis Investment Management, LLC Added +929,806+929.8k
Federation des caisses Desjardins du Quebec Added +767,014+767.0k
Strategic Investment Solutions, Inc. /IL New +748,076+748.1k
Financial Gravity Asset Management, Inc. Added +673,406+673.4k
Raymond James Financial Services Advisors, Inc. Added +612,814+612.8k

Biggest sellers

SCS Capital Management LLC Reduced -3,341,702-3.3m
WELLS FARGO & COMPANY/MN Reduced -1,761,406-1.8m
MORGAN STANLEY Reduced -1,693,790-1.7m
CITIGROUP INC Reduced -1,247,913-1.2m
Cerity Partners LLC Reduced -935,051-935.1k
BANK OF AMERICA CORP /DE/ Reduced -898,576-898.6k
BROWN ADVISORY INC Reduced -777,925-777.9k
ASSETMARK, INC Reduced -758,949-758.9k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -571,612-571.6k
CWA Asset Management Group, LLC Reduced -518,069-518.1k

Biggest calls

CITADEL ADVISORS LLC Added $2.9m50.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $990.7k17.2k shares
WOLVERINE TRADING, LLC Added $604.8k10.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $2.8m47.9k shares
WOLVERINE TRADING, LLC New $927.4k16.1k shares
CITADEL ADVISORS LLC Added $783.4k13.6k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.38% of their portfolio NEW YORK, NY 56,270,76056.3m $3.2bn $3.2bn 0.38% Added +7.9m +7,909,057
2 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 18,822,58318.8m $1.1bn $1.1bn 0.11% Reduced -1.7m -1,693,790
3 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 7,000,0007.0m $403.2m $403.2m 0.02% Unchanged
4 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 6,962,1647.0m $401.0m $401.0m 0.05% Reduced -898.6k -898,576
5 Orgel Wealth Management, LLC 12.48% of their portfolio ALTOONA, WI 6,407,1386.4m $369.1m $369.1m 12.48% Reduced -91.6k -91,627
6 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 5,773,8535.8m $332.6m $332.6m 0.10% Reduced -1.8m -1,761,406
7 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 4,742,9084.7m $273.2m $273.2m 0.07% Added +342.4k +342,410
8 Municipal Employees' Retirement System of Michigan 3.61% of their portfolio LANSING, MI 4,514,7684.5m $260.1m $260.1m 3.61% Added +69.5k +69,516
9 ENVESTNET ASSET MANAGEMENT INC 0.11% of their portfolio Berwyn, PA 4,013,4504.0m $231.2m $231.2m 0.11% Added +959.4k +959,378
10 SCS Capital Management LLC 6.05% of their portfolio BOSTON, MA 3,940,4243.9m $227.0m $227.0m 6.05% Reduced -3.3m -3,341,702
11 Blue Trust, Inc. 3.40% of their portfolio BRENTWOOD, TN 3,854,5393.9m $222.5m $222.5m 3.40% Reduced -361.3k -361,334
12 M&T Bank Corp 0.85% of their portfolio BUFFALO, NY 3,690,2343.7m $212.6m $212.6m 0.85% Reduced -131.2k -131,235
13 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.67% of their portfolio PLYMOUTH, MN 3,559,8953.6m $205.0m $205.0m 0.67% Added +584.4k +584,446
14 PARTNERS CAPITAL INVESTMENT GROUP, LLP 4.82% of their portfolio BOSTON, MA 3,487,2923.5m $200.9m $200.9m 4.82% Added +160.4k +160,363
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 2,852,2192.9m $164.3m $164.3m 0.05% Reduced -571.6k -571,612
16 HB Wealth Management, LLC 2.59% of their portfolio Atlanta, GA 2,813,2952.8m $160.6m $160.6m 2.59% Reduced -172.8k -172,794
17 UBS Group AG 0.07% of their portfolio ZURICH, V8 2,472,3882.5m $142.4m $142.4m 0.07% Reduced -344.8k -344,825
18 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 2,448,4732.4m $141.0m $141.0m 0.04% Reduced -17.4k -17,428
19 Baird Financial Group, Inc. 0.35% of their portfolio MILWAUKEE, WI 2,218,2262.2m $127.8m $127.8m 0.35% Added +97.3k +97,342
20 Valmark Advisers, Inc. 2.43% of their portfolio AKRON, OH 2,036,5632.0m $117.3m $117.3m 2.43% Added +21.0k +20,973
21 Money Design Co.,Ltd. 6.92% of their portfolio TOKYO, M0 1,978,5812.0m $114.0m $114.0m 6.92% Added +556.2k +556,195
22 BROWN ADVISORY INC 0.18% of their portfolio BALTIMORE, MD 1,922,7981.9m $110.8m $110.8m 0.18% Reduced -777.9k -777,925
23 NEPC LLC 7.05% of their portfolio Boston, MA 1,913,6351.9m $110.2m $110.2m 7.05% New
24 Merit Financial Group, LLC 3.61% of their portfolio ALPHARETTA, GA 1,912,0511.9m $110.1m $110.1m 3.61% Added +220.2k +220,151
25 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 1,885,8561.9m $108.7m $108.7m 0.04% Added +278.7k +278,726
26 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 1,831,9611.8m $105.5m $105.5m 0.07% Reduced -149.1k -149,120
27 Thrivent Financial for Lutherans 0.25% of their portfolio Minneapolis, MN 1,831,8431.8m $105.5m $105.5m 0.25% Added +189.3k +189,327
28 AE Wealth Management LLC 0.63% of their portfolio TOPEKA, KS 1,830,6531.8m $105.4m $105.4m 0.63% Added +85.7k +85,722
29 Advisory Alpha, LLC 4.86% of their portfolio HOLLAND, MI 1,637,6191.6m $94.3m $94.3m 4.86% Added +60.3k +60,264
30 Gitterman Wealth Management, LLC 44.38% of their portfolio Edison, NJ 1,624,6241.6m $93.6m $93.6m 44.38% Added +13.5k +13,521
31 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 1,553,6231.6m $89.5m $89.5m 0.15% Added +263.4k +263,357
32 Raymond James Financial Services Advisors, Inc. 0.16% of their portfolio ST. PETERSBURG, FL 1,551,1311.6m $89.3m $89.3m 0.16% Added +612.8k +612,814
33 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 1,541,8481.5m $88.8m $88.8m 0.02% Added +1.5m +1,473,391
34 HighTower Advisors, LLC 0.17% of their portfolio CHICAGO, IL 1,533,5651.5m $88.3m $88.3m 0.17% Added +143.8k +143,800
35 Smithfield Trust Co 5.34% of their portfolio PITTSBURGH, PA 1,509,5311.5m $86.9m $86.9m 5.34% Reduced -302.3k -302,277
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 1,265,4891.3m $72.9m $72.9m 0.09% Added +302.6k +302,577
37 CAPITAL ADVISORS INC/OK 1.81% of their portfolio TULSA, OK 1,201,1311.2m $69.2m $69.2m 1.81% Added +1.0m +1,016,226
38 Acropolis Investment Management, LLC 5.34% of their portfolio ST. LOUIS, MO 1,196,8271.2m $68.9m $68.9m 5.34% Added +929.8k +929,806
39 Defender Capital, LLC. 23.61% of their portfolio CHARLOTTE, NC 1,132,1451.1m $65.2m $65.2m 23.61% Reduced -72.0k -72,000
40 Cornerstone Wealth Advisors, Inc. 22.35% of their portfolio EDINA, MN 1,100,7031.1m $63.4m $63.4m 22.35% Added +30.4k +30,373
41 Foundations Investment Advisors, LLC 1.87% of their portfolio PHOENIX, AZ 1,055,8311.1m $60.8m $60.8m 1.87% Added +62.0k +62,046
42 Evensky & Katz LLC 5.05% of their portfolio CORAL GABLES, FL 1,025,8441.0m $59.1m $59.1m 5.05% Added +6.3k +6,311
43 Hilton Capital Management, LLC 7.61% of their portfolio Garden City, NY 992,069992.1k $57.1m $57.1m 7.61% Reduced -358.1k -358,055
44 Pure Financial Advisors, LLC 2.27% of their portfolio SAN DIEGO, CA 963,610963.6k $55.5m $55.5m 2.27% Added +112.4k +112,410
45 SPINNAKER TRUST 4.02% of their portfolio PORTLAND, ME 927,550927.5k $53.4m $53.4m 4.02% Reduced -9.1k -9,118
46 MERCER GLOBAL ADVISORS INC /ADV 0.20% of their portfolio DENVER, CO 916,880916.9k $52.8m $52.8m 0.20% Added +369.5k +369,489
47 Creative Planning 0.07% of their portfolio OVERLAND PARK, KS 909,992910.0k $52.4m $52.4m 0.07% Reduced -52.0k -51,987
48 ARMSTRONG ADVISORY GROUP, INC 5.63% of their portfolio NEEDHAM, MA 895,750895.8k $51.6m $51.6m 5.63% Reduced -338.6k -338,576
49 OSAIC HOLDINGS, INC. 0.08% of their portfolio SCOTTSDALE, AZ 890,315890.3k $51.3m $51.3m 0.08% Reduced -91.4k -91,367
50 Intelligence Driven Advisers, LLC 8.94% of their portfolio CARLSBAD, CA 876,362876.4k $50.3m $50.3m 8.94% Added +95.3k +95,310
51 Capital Investment Advisory Services, LLC 4.94% of their portfolio RALEIGH, NC 865,708865.7k $49.9m $49.9m 4.94% Added +7.2k +7,191
52 Rockefeller Capital Management L.P. 0.18% of their portfolio NEW YORK, NY 830,524830.5k $47.8m $47.8m 0.18% Added +455.9k +455,913
53 BOK Financial Private Wealth, Inc. 4.11% of their portfolio DENVER, CO 816,090816.1k $47.0m $47.0m 4.11% Reduced -25.3k -25,294
54 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 1.82% of their portfolio Seattle, WA 801,680801.7k $46.2m $46.2m 1.82% Added +32.5k +32,465
55 Chemistry Wealth Management LLC 15.24% of their portfolio NEW YORK, NY 801,181801.2k $46.1m $46.1m 15.24% Added +16.7k +16,674
56 INSIGHT 2811, INC. 26.09% of their portfolio CHICAGO, IL 797,765797.8k $46.0m $46.0m 26.09% Added +146.5k +146,514
57 Eagle Ridge Investment Management 4.85% of their portfolio STAMFORD, CT 772,072772.1k $44.5m $44.5m 4.85% Added +11.2k +11,186
58 Federation des caisses Desjardins du Quebec 0.46% of their portfolio LEVIS, A8 767,200767.2k $44.2m $44.2m 0.46% Added +767.0k +767,014
59 Strategic Investment Solutions, Inc. /IL 0.53% of their portfolio ORLAND PARK, IL 748,076748.1k $43.1m $43.1m 0.53% New
60 1834 INVESTMENT ADVISORS CO 5.07% of their portfolio Milwaukee, WI 708,247708.2k $40.8m $40.8m 5.07% Added +75.1k +75,142
61 Relative Value Partners Group, LLC 2.69% of their portfolio NORTHBROOK, IL 694,291694.3k $40.0m $40.0m 2.69% Added +73.8k +73,785
62 Financial Gravity Asset Management, Inc. 0.30% of their portfolio Lakeway, TX 686,014686.0k $26.6m $26.6m 0.30% Added +673.4k +673,406
63 Herr Investment Group LLC 12.23% of their portfolio AUSTIN, TX 683,074683.1k $39.3m $39.3m 12.23% Reduced -362.0k -361,964
64 Alta Advisers Ltd 22.77% of their portfolio LONDON, X0 682,317682.3k $39.3m $39.3m 22.77% Reduced -13.9k -13,875
65 Oak Harvest Investment Services 8.25% of their portfolio HOUSTON, TX 676,869676.9k $39.0m $39.0m 8.25% Added +29.2k +29,179
66 Brookstone Capital Management 0.82% of their portfolio WHEATON, IL 650,551650.6k $37.4m $37.4m 0.82% Reduced -166.9k -166,876
67 Cambridge Investment Research Advisors, Inc. 0.17% of their portfolio FAIRFIELD, IA 643,833643.8k $37.1m $37.1m 0.17% Added +2.8k +2,803
68 Mariner, LLC 0.10% of their portfolio Overland Park, KS 622,898622.9k $35.9m $35.9m 0.10% Reduced -75.8k -75,829
69 OLD NATIONAL BANCORP /IN/ 1.03% of their portfolio EVANSVILLE, IN 620,483620.5k $35.7m $35.7m 1.03% Added +141.2k +141,151
70 Wealth Dimensions Group, Ltd. 12.95% of their portfolio CINCINNATI, OH 619,717619.7k $35.7m $35.7m 12.95% Added +24.1k +24,142
71 Cetera Advisors LLC 0.54% of their portfolio DENVER, CO 602,534602.5k $34.7m $34.7m 0.54% Added +31.0k +30,982
72 Foster Group, Inc. 2.07% of their portfolio WEST DES MOINES, IA 586,734586.7k $33.8m $33.8m 2.07% Added +24.5k +24,535
73 MML INVESTORS SERVICES, LLC 0.18% of their portfolio SPRINGFIELD, MA 558,861558.9k $32.2m $32.2m 0.18% Reduced -444.0k -444,029
74 MainStreet Investment Advisors LLC 3.67% of their portfolio CHICAGO, IL 546,164546.2k $31.5m $31.5m 3.67% Added +23.1k +23,106
75 Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio SEOUL, M5 521,340521.3k $30.0m $30.0m 0.07% Added +52.2k +52,162
76 Opus Capital Group, LLC 5.32% of their portfolio CINCINNATI, OH 520,989521.0k $30.0m $30.0m 5.32% Added +12.6k +12,568
77 Traverso Chambers Private Wealth Management, LLC 7.97% of their portfolio SANTA ROSA, CA 517,108517.1k $29.8m $29.8m 7.97% Added +5.8k +5,773
78 Cetera Advisor Networks LLC 0.18% of their portfolio EL SEGUNDO, CA 504,081504.1k $29.0m $29.0m 0.18% Added +27.1k +27,123
79 MassMutual Private Wealth & Trust, FSB 1.05% of their portfolio Windsor, CT 495,126495.1k $28.5m $28.5m 1.05% Added +36.3k +36,304
80 Private Advisor Group, LLC 0.25% of their portfolio MORRISTOWN, NJ 491,073491.1k $28.3m $28.3m 0.25% Reduced -40.8k -40,829
81 Winch Advisory Services, LLC 10.26% of their portfolio Appleton, WI 485,409485.4k $28.0m $28.0m 10.26% Added +17.2k +17,212
82 Spire Wealth Management 1.05% of their portfolio MCLEAN, VA 478,067478.1k $27.5m $27.5m 1.05% Reduced -351.7k -351,718
83 BENJAMIN F. EDWARDS & COMPANY, INC. 1.04% of their portfolio ST. LOUIS, MO 468,925468.9k $27.0m $27.0m 1.04% Reduced -5.6k -5,554
84 Estate Counselors, LLC 3.59% of their portfolio Thiensville, WI 468,040468.0k $27.0m $27.0m 3.59% New
85 Strata Wealth Advisors, LLC 12.61% of their portfolio DALLAS, TX 454,826454.8k $26.2m $26.2m 12.61% First filing
86 Beacon Pointe Advisors, LLC 0.32% of their portfolio NEWPORT BEACH, CA 448,635448.6k $25.8m $25.8m 0.32% Reduced -88.4k -88,358
87 Simplicity Solutions, LLC 0.82% of their portfolio MINNEAPOLIS, MN 441,959442.0k $25.5m $25.5m 0.82% Reduced -107.6k -107,626
88 Arista Wealth Management, LLC 9.96% of their portfolio Las Vegas, NV 441,470441.5k $25.4m $25.4m 9.96% Added +52.1k +52,120
89 Schiavi & Co LLC 10.73% of their portfolio WILMINGTON, DE 440,358440.4k $25.4m $25.4m 10.73% Added +5.2k +5,185
90 Charles Schwab Trust Co 2.86% of their portfolio HENDERSON, NV 440,156440.2k $25.4m $25.4m 2.86% Reduced -23.9k -23,869
91 AMI INVESTMENT MANAGEMENT INC 11.32% of their portfolio KENDALLVILLE, IN 437,300437.3k $25.2m $25.2m 11.32% New
92 Bleakley Financial Group, LLC 0.87% of their portfolio PARSIPPANY, NJ 430,693430.7k $24.8m $24.8m 0.87% Reduced -33.0k -33,003
93 Delta Investment Management, LLC 6.72% of their portfolio SAN FRANCISCO, CA 421,094421.1k $24.3m $24.3m 6.72% Added +411.0k +410,980
94 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.15% of their portfolio IRVING, TX 408,626408.6k $23.5m $23.5m 0.15% Added +14.5k +14,479
95 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 406,792406.8k $23.4m $23.4m 0.05% Reduced -42.8k -42,782
96 Cordant, Inc. 15.40% of their portfolio PORTLAND, OR 404,524404.5k $23.3m $23.3m 15.40% Added +19.9k +19,887
97 MAYPORT, LLC 12.81% of their portfolio NEWTON, MA 404,186404.2k $23.3m $23.3m 12.81% Added +25.1k +25,090
98 PRESILIUM PRIVATE WEALTH, LLC 7.23% of their portfolio RADNOR, PA 394,428394.4k $22.7m $22.7m 7.23% Added +190.6k +190,632
99 Five Oceans Advisors 14.39% of their portfolio SANTA MONICA, CA 389,433389.4k $22.4m $22.4m 14.39% Added +19.1k +19,108
100 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 387,104387.1k $22.3m $22.3m 0.01% Added +21.7k +21,662