Vault-13

VANGUARD SCOTTSDALE FDS VGSH

SHORT TERM TREAS · ETP · CUSIP 92206C102

863 institutional holders +49 vs Q3 2023
324,452,375324.5m shares reported held*
$18.9bnreported value*
72 new 305 added 326 reduced 73 sold out net bought ≈ $3.8bn (+64.7m 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 ($14.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.33. Options: 4 managers hold calls ($3.5m notional), 4 hold puts ($9.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 663Q4 22: 736Q1 23: 767Q2 23: 809Q3 23: 814Q4 23: 863863Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022663
Q4 2022736
Q1 2023767
Q2 2023809
Q3 2023814
Q4 2023863

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 23Q4 23: 377 bought or addedQ4 23: 399 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022379297
Q1 2023422298
Q2 2023427321
Q3 2023392388
Q4 2023377399

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ1 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 0.99Q4 23 calls: $3.5mQ4 23 puts: $9.3mQ4 23P/C 2.68
Numbers
QuarterCallsPutsP/C
Q1 2023$6.8m$480.0k0.07
Q2 2023$3.2m$132.8k0.04
Q3 2023$4.5m$4.5m0.99
Q4 2023$3.5m$9.3m2.68

Biggest buyers

JPMORGAN CHASE & CO Added +45,741,408+45.7m
MORGAN STANLEY Added +21,222,109+21.2m
SCS Capital Management LLC Added +3,769,496+3.8m
NORTHERN TRUST CORP Added +1,683,535+1.7m
Cerity Partners LLC Added +1,680,119+1.7m
UBS Group AG Added +1,216,421+1.2m
Pacific Sage Partners, LLC New +753,554+753.6k
TD PRIVATE CLIENT WEALTH LLC Added +728,874+728.9k
Estate Counselors, LLC Added +621,340+621.3k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +561,781+561.8k

Biggest sellers

STATE STREET CORP Reduced -3,000,000-3.0m
HB Wealth Management, LLC Reduced -2,466,955-2.5m
CAPITAL ADVISORS INC/OK Reduced -1,184,591-1.2m
Thrivent Financial for Lutherans Reduced -1,172,260-1.2m
GOLDMAN SACHS GROUP INC Reduced -1,084,293-1.1m
Blue Trust, Inc. Reduced -968,969-969.0k
SPINNAKER TRUST Reduced -921,330-921.3k
Merit Financial Group, LLC Reduced -860,946-860.9k
ARMSTRONG ADVISORY GROUP, INC Reduced -651,143-651.1k
Strategic Investment Solutions, Inc. /IL Reduced -645,890-645.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.5m25.5k shares
CITADEL ADVISORS LLC Reduced $1.4m24.7k shares
WOLVERINE TRADING, LLC Reduced $542.5k9.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.7m80.9k shares
CITADEL ADVISORS LLC Added $3.3m57.2k shares
WOLVERINE TRADING, LLC Added $1.2m21.4k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.30% of their portfolio NEW YORK, NY 102,012,168102.0m $6.0bn $6.0bn 0.30% Added +45.7m +45,741,408
2 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 40,044,69240.0m $2.3bn $2.3bn 0.10% Added +21.2m +21,222,109
3 SCS Capital Management LLC 5.15% of their portfolio BOSTON, MA 7,709,9207.7m $449.7m $449.7m 5.15% Added +3.8m +3,769,496
4 Orgel Wealth Management, LLC 11.09% of their portfolio ALTOONA, WI 6,427,8976.4m $374.9m $374.9m 11.09% Added +20.8k +20,759
5 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 6,404,7916.4m $373.6m $373.6m 0.04% Reduced -557.4k -557,373
6 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 6,233,6066.2m $363.6m $363.6m 0.10% Added +459.8k +459,753
7 Municipal Employees' Retirement System of Michigan 3.35% of their portfolio LANSING, MI 4,303,2104.3m $251.0m $251.0m 3.35% Reduced -211.6k -211,558
8 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 4,287,2284.3m $250.1m $250.1m 0.10% Added +273.8k +273,778
9 PARTNERS CAPITAL INVESTMENT GROUP, LLP 5.18% of their portfolio BOSTON, MA 4,049,0734.0m $236.2m $236.2m 5.18% Added +561.8k +561,781
10 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,000,0004.0m $233.3m $233.3m 0.01% Reduced -3.0m -3,000,000
11 M&T Bank Corp 0.84% of their portfolio BUFFALO, NY 3,941,2993.9m $229.9m $229.9m 0.84% Added +251.1k +251,065
12 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.66% of their portfolio PLYMOUTH, MN 3,875,7783.9m $226.1m $226.1m 0.66% Added +315.9k +315,883
13 UBS Group AG 0.09% of their portfolio ZURICH, V8 3,688,8093.7m $215.2m $215.2m 0.09% Added +1.2m +1,216,421
14 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 3,658,6153.7m $213.4m $213.4m 0.05% Reduced -1.1m -1,084,293
15 NORTHERN TRUST CORP 0.03% of their portfolio CHICAGO, IL 3,225,3833.2m $188.1m $188.1m 0.03% Added +1.7m +1,683,535
16 Blue Trust, Inc. 2.67% of their portfolio BRENTWOOD, TN 2,885,5702.9m $166.2m $166.2m 2.67% Reduced -969.0k -968,969
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 2,504,4522.5m $146.1m $146.1m 0.04% Reduced -347.8k -347,767
18 Baird Financial Group, Inc. 0.32% of their portfolio MILWAUKEE, WI 2,411,6612.4m $140.7m $140.7m 0.32% Added +193.4k +193,435
19 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 2,361,7212.4m $137.8m $137.8m 0.03% Reduced -86.8k -86,752
20 Valmark Advisers, Inc. 2.40% of their portfolio AKRON, OH 2,193,5222.2m $127.9m $127.9m 2.40% Added +157.0k +156,959
21 AE Wealth Management LLC 0.65% of their portfolio TOPEKA, KS 2,185,6192.2m $127.6m $127.6m 0.65% Added +355.0k +354,966
22 Money Design Co.,Ltd. 7.18% of their portfolio TOKYO, M0 2,181,8012.2m $127.3m $127.3m 7.18% Added +203.2k +203,220
23 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 1,917,8381.9m $111.9m $111.9m 0.07% Added +85.9k +85,877
24 NEPC LLC 6.18% of their portfolio Boston, MA 1,913,6351.9m $111.6m $111.6m 6.18% Unchanged
25 Cerity Partners LLC 0.33% of their portfolio NEW YORK, NY 1,701,9181.7m $99.3m $99.3m 0.33% Added +1.7m +1,680,119
26 BROWN ADVISORY INC 0.14% of their portfolio BALTIMORE, MD 1,697,7821.7m $99.0m $99.0m 0.14% Reduced -225.0k -225,016
27 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,687,5991.7m $98.4m $98.4m 0.03% Reduced -198.3k -198,257
28 Advisory Alpha, LLC 4.48% of their portfolio HOLLAND, MI 1,674,7181.7m $97.7m $97.7m 4.48% Added +37.1k +37,099
29 Gitterman Wealth Management, LLC 42.92% of their portfolio Edison, NJ 1,651,8421.7m $96.4m $96.4m 42.92% Added +27.2k +27,218
30 Smithfield Trust Co 5.27% of their portfolio PITTSBURGH, PA 1,608,2291.6m $93.8m $93.8m 5.27% Added +98.7k +98,698
31 HighTower Advisors, LLC 0.16% of their portfolio CHICAGO, IL 1,607,4451.6m $93.8m $93.8m 0.16% Added +73.9k +73,880
32 Raymond James Financial Services Advisors, Inc. 0.14% of their portfolio ST. PETERSBURG, FL 1,503,2841.5m $87.7m $87.7m 0.14% Reduced -47.8k -47,847
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 1,435,9791.4m $83.8m $83.8m 0.09% Added +170.5k +170,490
34 Acropolis Investment Management, LLC 5.76% of their portfolio ST. LOUIS, MO 1,416,1361.4m $82.6m $82.6m 5.76% Added +219.3k +219,309
35 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 1,309,3981.3m $76.4m $76.4m 0.12% Reduced -244.2k -244,225
36 Rockefeller Capital Management L.P. 0.23% of their portfolio NEW YORK, NY 1,203,8411.2m $70.2m $70.2m 0.23% Added +373.3k +373,317
37 Cornerstone Wealth Advisors, Inc. 21.65% of their portfolio EDINA, MN 1,147,1231.1m $66.9m $66.9m 21.65% Added +46.4k +46,420
38 MERCER GLOBAL ADVISORS INC /ADV 0.20% of their portfolio DENVER, CO 1,119,2591.1m $65.3m $65.3m 0.20% Added +202.4k +202,379
39 Evensky & Katz LLC 4.78% of their portfolio CORAL GABLES, FL 1,090,2091.1m $63.6m $63.6m 4.78% Added +64.4k +64,365
40 Estate Counselors, LLC 7.85% of their portfolio Thiensville, WI 1,089,3801.1m $63.5m $63.5m 7.85% Added +621.3k +621,340
41 Defender Capital, LLC. 22.17% of their portfolio CHARLOTTE, NC 1,083,0501.1m $63.2m $63.2m 22.17% Reduced -49.1k -49,095
42 Pure Financial Advisors, LLC 2.18% of their portfolio SAN DIEGO, CA 1,081,1881.1m $63.1m $63.1m 2.18% Added +117.6k +117,578
43 Merit Financial Group, LLC 1.87% of their portfolio ALPHARETTA, GA 1,051,1051.1m $61.3m $61.3m 1.87% Reduced -860.9k -860,946
44 Foundations Investment Advisors, LLC 1.64% of their portfolio PHOENIX, AZ 1,044,7981.0m $61.0m $61.0m 1.64% Reduced -11.0k -11,033
45 Creative Planning 0.11% of their portfolio OVERLAND PARK, KS 1,027,2821.0m $59.9m $59.9m 0.11% Added +117.3k +117,290
46 First Financial Bankshares Inc 1.44% of their portfolio Abilene, TX 1,025,4081.0m $59.8m $59.8m 1.44% First filing
47 Intelligence Driven Advisers, LLC 9.12% of their portfolio CARLSBAD, CA 963,962964.0k $56.4m $56.4m 9.12% Added +87.6k +87,600
48 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 939,326939.3k $54.8m $54.8m 0.10% Added +49.0k +49,011
49 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 1.65% of their portfolio Seattle, WA 830,084830.1k $48.4m $48.4m 1.65% Added +28.4k +28,404
50 Chemistry Wealth Management LLC 14.49% of their portfolio NEW YORK, NY 823,010823.0k $48.0m $48.0m 14.49% Added +21.8k +21,829
51 TD PRIVATE CLIENT WEALTH LLC 1.70% of their portfolio NEW YORK, NY 808,468808.5k $47.2m $47.2m 1.70% Added +728.9k +728,874
52 BOK Financial Private Wealth, Inc. 3.78% of their portfolio DENVER, CO 797,553797.6k $46.5m $46.5m 3.78% Reduced -18.5k -18,537
53 INSIGHT 2811, INC. 24.97% of their portfolio CHICAGO, IL 784,207784.2k $45.7m $45.7m 24.97% Reduced -13.6k -13,558
54 OLD NATIONAL BANCORP /IN/ 1.20% of their portfolio EVANSVILLE, IN 783,563783.6k $45.7m $45.7m 1.20% Added +163.1k +163,080
55 Federation des caisses Desjardins du Quebec 0.42% of their portfolio LEVIS, A8 772,526772.5k $45.1m $45.1m 0.42% Added +5.3k +5,326
56 Strata Wealth Advisors, LLC 17.54% of their portfolio DALLAS, TX 763,363763.4k $44.5m $44.5m 17.54% Added +308.5k +308,537
57 Eagle Ridge Investment Management 4.33% of their portfolio STAMFORD, CT 756,716756.7k $44.1m $44.1m 4.33% Reduced -15.4k -15,356
58 Pacific Sage Partners, LLC 12.04% of their portfolio EDMONDS, WA 753,554753.6k $44.0m $44.0m 12.04% New
59 Capital Investment Advisory Services, LLC 4.10% of their portfolio RALEIGH, NC 753,375753.4k $43.9m $43.9m 4.10% Reduced -112.3k -112,333
60 Financial Gravity Asset Management, Inc. 0.34% of their portfolio Lakeway, TX 737,906737.9k $30.6m $30.6m 0.34% Added +51.9k +51,892
61 1834 INVESTMENT ADVISORS CO 5.10% of their portfolio Milwaukee, WI 732,261732.3k $42.7m $42.7m 5.10% Added +24.0k +24,014
62 Oak Harvest Investment Services 8.15% of their portfolio HOUSTON, TX 699,706699.7k $40.8m $40.8m 8.15% Added +22.8k +22,837
63 Hilton Capital Management, LLC 4.31% of their portfolio Garden City, NY 689,978690.0k $40.2m $40.2m 4.31% Reduced -302.1k -302,091
64 Alta Advisers Ltd 20.83% of their portfolio LONDON, X0 668,674668.7k $39.0m $39.0m 20.83% Reduced -13.6k -13,643
65 Thrivent Financial for Lutherans 0.08% of their portfolio Minneapolis, MN 659,583659.6k $38.5m $38.5m 0.08% Reduced -1.2m -1,172,260
66 Relative Value Partners Group, LLC 2.34% of their portfolio NORTHBROOK, IL 656,241656.2k $38.3m $38.3m 2.34% Reduced -38.0k -38,050
67 Vernal Point Advisors, LLC 39.75% of their portfolio San Francisco, CA 656,148656.1k $38.3m $38.3m 39.75% First filing
68 Mariner, LLC 0.09% of their portfolio Overland Park, KS 654,473654.5k $38.2m $38.2m 0.09% Added +31.6k +31,575
69 Sollinda Capital Management LLC 10.59% of their portfolio HICKORY, NC 643,394643.4k $37.5m $37.5m 10.59% First filing
70 Wealth Dimensions Group, Ltd. 11.81% of their portfolio CINCINNATI, OH 639,058639.1k $37.3m $37.3m 11.81% Added +19.3k +19,341
71 Cetera Advisors LLC 0.50% of their portfolio DENVER, CO 618,235618.2k $36.1m $36.1m 0.50% Added +15.7k +15,701
72 MML INVESTORS SERVICES, LLC 0.16% of their portfolio SPRINGFIELD, MA 613,370613.4k $35.8m $35.8m 0.16% Added +54.5k +54,509
73 Foster Group, Inc. 2.07% of their portfolio WEST DES MOINES, IA 586,734586.7k $33.8m $33.8m 2.07% Unchanged
74 Brookstone Capital Management 0.60% of their portfolio WHEATON, IL 528,872528.9k $30.8m $30.8m 0.60% Reduced -121.7k -121,679
75 Opus Capital Group, LLC 4.96% of their portfolio CINCINNATI, OH 523,601523.6k $30.5m $30.5m 4.96% Added +2.6k +2,612
76 MainStreet Investment Advisors LLC 3.39% of their portfolio CHICAGO, IL 513,675513.7k $30.0m $30.0m 3.39% Reduced -32.5k -32,489
77 MassMutual Private Wealth & Trust, FSB 1.00% of their portfolio Windsor, CT 513,417513.4k $29.9m $29.9m 1.00% Added +18.3k +18,291
78 Herr Investment Group LLC 7.89% of their portfolio AUSTIN, TX 505,270505.3k $29.5m $29.5m 7.89% Reduced -177.8k -177,804
79 BENJAMIN F. EDWARDS & COMPANY, INC. 0.59% of their portfolio ST. LOUIS, MO 503,860503.9k $29.4m $29.4m 0.59% Added +34.9k +34,935
80 BANK OF NOVA SCOTIA 0.06% of their portfolio TORONTO, A6 503,687503.7k $29.4m $29.4m 0.06% Added +308.6k +308,650
81 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 497,224497.2k $29.0m $29.0m 0.12% Reduced -146.6k -146,609
82 Delta Investment Management, LLC 7.15% of their portfolio SAN FRANCISCO, CA 494,420494.4k $28.8m $28.8m 7.15% Added +73.3k +73,326
83 Beacon Pointe Advisors, LLC 0.35% of their portfolio NEWPORT BEACH, CA 493,935493.9k $28.8m $28.8m 0.35% Added +45.3k +45,300
84 AMI INVESTMENT MANAGEMENT INC 11.60% of their portfolio KENDALLVILLE, IN 490,265490.3k $28.6m $28.6m 11.60% Added +53.0k +52,965
85 Traverso Chambers Private Wealth Management, LLC 6.86% of their portfolio SANTA ROSA, CA 484,487484.5k $28.3m $28.3m 6.86% Reduced -32.6k -32,621
86 Cetera Advisor Networks LLC 0.16% of their portfolio EL SEGUNDO, CA 482,382482.4k $28.1m $28.1m 0.16% Reduced -21.7k -21,699
87 Private Advisor Group, LLC 0.21% of their portfolio MORRISTOWN, NJ 455,411455.4k $26.6m $26.6m 0.21% Reduced -35.7k -35,662
88 Spire Wealth Management 0.87% of their portfolio MCLEAN, VA 452,653452.7k $26.4m $26.4m 0.87% Reduced -25.4k -25,414
89 PRESILIUM PRIVATE WEALTH, LLC 7.18% of their portfolio RADNOR, PA 432,183432.2k $25.2m $25.2m 7.18% Added +37.8k +37,755
90 Winch Advisory Services, LLC 8.31% of their portfolio Appleton, WI 429,601429.6k $25.1m $25.1m 8.31% Reduced -55.8k -55,808
91 Charles Schwab Trust Co 2.45% of their portfolio HENDERSON, NV 426,887426.9k $24.9m $24.9m 2.45% Reduced -13.3k -13,269
92 Schiavi & Co LLC 10.35% of their portfolio WILMINGTON, DE 426,803426.8k $24.9m $24.9m 10.35% Reduced -13.6k -13,555
93 Arista Wealth Management, LLC 8.97% of their portfolio Las Vegas, NV 420,097420.1k $24.5m $24.5m 8.97% Reduced -21.4k -21,373
94 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 406,838406.8k $23.7m $23.7m 0.05% Reduced -114.5k -114,502
95 Five Oceans Advisors 13.22% of their portfolio SANTA MONICA, CA 404,961405.0k $23.6m $23.6m 13.22% Added +15.5k +15,528
96 Cordant, Inc. 14.32% of their portfolio PORTLAND, OR 400,823400.8k $23.4m $23.4m 14.32% Reduced -3.7k -3,701
97 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 399,023399.0k $23.3m $23.3m 0.01% Added +11.9k +11,919
98 American Money Management, LLC 5.10% of their portfolio Rancho Santa Fe, CA 388,189388.2k $22.6m $22.6m 5.10% Added +107.2k +107,174
99 CWA Asset Management Group, LLC 1.53% of their portfolio NAPLES, FL 383,955384.0k $22.4m $22.4m 1.53% Reduced -1.5k -1,519
100 Facet Wealth, Inc. 0.82% of their portfolio WEST PALM BEACH, FL 369,571369.6k $21.5m $21.5m 0.82% Added +122.7k +122,704