Vault-13

VANGUARD SCOTTSDALE FDS VGSH

SHORT TERM TREAS · ETP · CUSIP 92206C102

843 institutional holders -20 vs Q4 2023
314,836,986314.8m shares reported held*
$18.3bnreported value*
63 new 344 added 312 reduced 81 sold out net sold ≈ $524.8m (-9.2m 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 ($9.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.11. Options: 4 managers hold calls ($2.3m notional), 2 hold puts ($3.4m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 663Q4 22: 736Q1 23: 767Q2 23: 809Q3 23: 814Q4 23: 863Q1 24: 843843Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022663
Q4 2022736
Q1 2023767
Q2 2023809
Q3 2023814
Q4 2023863
Q1 2024843

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 23Q1 24: 407 bought or addedQ1 24: 393 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022379297
Q1 2023422298
Q2 2023427321
Q3 2023392388
Q4 2023377399
Q1 2024407393

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ2 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 2.68Q1 24 calls: $2.3mQ1 24 puts: $3.4mQ1 24P/C 1.49
Numbers
QuarterCallsPutsP/C
Q2 2023$3.2m$132.8k0.04
Q3 2023$4.5m$4.5m0.99
Q4 2023$3.5m$9.3m2.68
Q1 2024$2.3m$3.4m1.49

Biggest buyers

MORGAN STANLEY Added +25,215,232+25.2m
GOLDMAN SACHS GROUP INC Added +3,187,169+3.2m
ENVESTNET ASSET MANAGEMENT INC Added +2,437,903+2.4m
Cerity Partners LLC Added +1,237,180+1.2m
Penserra Capital Management LLC Added +1,178,737+1.2m
Cetera Investment Advisers Added +1,104,815+1.1m
NORTHERN TRUST CORP Added +1,035,458+1.0m
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC New +570,507+570.5k
AllGen Financial Advisors, Inc. New +549,779+549.8k
First Command Advisory Services, Inc. Added +494,845+494.8k

Biggest sellers

JPMORGAN CHASE & CO Reduced -36,170,440-36.2m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -1,535,216-1.5m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -1,179,896-1.2m
AE Wealth Management LLC Reduced -1,179,105-1.2m
Estate Counselors, LLC Reduced -1,049,020-1.0m
Intelligence Driven Advisers, LLC Reduced -840,659-840.7k
Financial Gravity Asset Management, Inc. Reduced -632,415-632.4k
Cetera Advisors LLC Sold out -618,235-618.2k
Blue Trust, Inc. Reduced -583,986-584.0k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -532,910-532.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.0m17.9k shares
CITADEL ADVISORS LLC Reduced $807.2k13.9k shares
WOLVERINE TRADING, LLC Reduced $435.5k7.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $2.2m38.5k shares
WOLVERINE TRADING, LLC Reduced $1.2m20.1k 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 JPMORGAN CHASE & CO 0.17% of their portfolio NEW YORK, NY 65,841,72865.8m $3.8bn $3.8bn 0.17% Reduced -36.2m -36,170,440
2 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 65,259,92465.3m $3.8bn $3.8bn 0.10% Added +25.2m +25,215,232
3 SCS Capital Management LLC 4.88% of their portfolio BOSTON, MA 7,882,6667.9m $457.7m $457.7m 4.88% Added +172.7k +172,746
4 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 6,845,7846.8m $397.5m $397.5m 0.08% Added +3.2m +3,187,169
5 Orgel Wealth Management, LLC 10.85% of their portfolio ALTOONA, WI 6,813,5056.8m $395.7m $395.7m 10.85% Added +385.6k +385,608
6 ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio Berwyn, PA 6,725,1316.7m $390.5m $390.5m 0.15% Added +2.4m +2,437,903
7 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 6,229,7076.2m $361.8m $361.8m 0.04% Reduced -175.1k -175,084
8 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 6,023,8126.0m $349.8m $349.8m 0.09% Reduced -209.8k -209,794
9 Municipal Employees' Retirement System of Michigan 3.25% of their portfolio LANSING, MI 4,339,2054.3m $252.0m $252.0m 3.25% Added +36.0k +35,995
10 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 4,260,8414.3m $247.4m $247.4m 0.04% Added +1.0m +1,035,458
11 M&T Bank Corp 0.83% of their portfolio BUFFALO, NY 4,093,1204.1m $237.7m $237.7m 0.83% Added +151.8k +151,821
12 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,000,0004.0m $232.3m $232.3m 0.01% Unchanged
13 UBS Group AG 0.06% of their portfolio ZURICH, V8 3,386,5843.4m $196.7m $196.7m 0.06% Reduced -302.2k -302,225
14 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.50% of their portfolio PLYMOUTH, MN 3,342,8683.3m $194.1m $194.1m 0.50% Reduced -532.9k -532,910
15 Cerity Partners LLC 0.45% of their portfolio NEW YORK, NY 2,939,0982.9m $170.7m $170.7m 0.45% Added +1.2m +1,237,180
16 Baird Financial Group, Inc. 0.32% of their portfolio MILWAUKEE, WI 2,634,9502.6m $153.0m $153.0m 0.32% Added +223.3k +223,289
17 PARTNERS CAPITAL INVESTMENT GROUP, LLP 3.95% of their portfolio BOSTON, MA 2,513,8572.5m $146.0m $146.0m 3.95% Reduced -1.5m -1,535,216
18 Blue Trust, Inc. 1.88% of their portfolio BRENTWOOD, TN 2,301,5842.3m $133.7m $133.7m 1.88% Reduced -584.0k -583,986
19 Money Design Co.,Ltd. 7.16% of their portfolio TOKYO, M0 2,265,1082.3m $131.5m $131.5m 7.16% Added +83.3k +83,307
20 Valmark Advisers, Inc. 2.26% of their portfolio AKRON, OH 2,234,6362.2m $129.8m $129.8m 2.26% Added +41.1k +41,114
21 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 2,160,0562.2m $125.4m $125.4m 0.03% Reduced -201.7k -201,665
22 NEPC LLC 3.83% of their portfolio Boston, MA 1,913,6351.9m $111.1m $111.1m 3.83% Unchanged
23 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,805,2141.8m $105.6m $105.6m 0.03% Added +117.6k +117,615
24 Advisory Alpha, LLC 4.20% of their portfolio HOLLAND, MI 1,760,9991.8m $102.3m $102.3m 4.20% Added +86.3k +86,281
25 Gitterman Wealth Management, LLC 39.55% of their portfolio Edison, NJ 1,756,9211.8m $102.0m $102.0m 39.55% Added +105.1k +105,079
26 HighTower Advisors, LLC 0.16% of their portfolio CHICAGO, IL 1,747,5341.7m $101.5m $101.5m 0.16% Added +140.1k +140,089
27 Smithfield Trust Co 5.28% of their portfolio PITTSBURGH, PA 1,714,2131.7m $99.5m $99.5m 5.28% Added +106.0k +105,984
28 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,675,9581.7m $97.3m $97.3m 0.05% Reduced -241.9k -241,880
29 Acropolis Investment Management, LLC 5.87% of their portfolio ST. LOUIS, MO 1,544,7841.5m $89.7m $89.7m 5.87% Added +128.6k +128,648
30 Raymond James Financial Services Advisors, Inc. 0.13% of their portfolio ST. PETERSBURG, FL 1,485,3421.5m $86.3m $86.3m 0.13% Reduced -17.9k -17,942
31 BROWN ADVISORY INC 0.11% of their portfolio BALTIMORE, MD 1,471,9701.5m $85.5m $85.5m 0.11% Reduced -225.8k -225,812
32 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 1,393,6401.4m $80.9m $80.9m 0.12% Added +84.2k +84,242
33 MERCER GLOBAL ADVISORS INC /ADV 0.23% of their portfolio DENVER, CO 1,364,3771.4m $79.2m $79.2m 0.23% Added +245.1k +245,118
34 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,324,5561.3m $76.9m $76.9m 0.02% Reduced -1.2m -1,179,896
35 Cetera Investment Advisers 0.18% of their portfolio SCHAUMBURG, IL 1,302,8151.3m $75.7m $75.7m 0.18% Added +1.1m +1,104,815
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,252,2651.3m $72.7m $72.7m 0.07% Reduced -183.7k -183,714
37 Pure Financial Advisors, LLC 2.19% of their portfolio SAN DIEGO, CA 1,207,1611.2m $70.1m $70.1m 2.19% Added +126.0k +125,973
38 Cornerstone Wealth Advisors, Inc. 21.19% of their portfolio EDINA, MN 1,185,3011.2m $68.8m $68.8m 21.19% Added +38.2k +38,178
39 Penserra Capital Management LLC 0.86% of their portfolio ORINDA, CA 1,178,8651.2m $68.5m $68.5m 0.86% Added +1.2m +1,178,737
40 Rockefeller Capital Management L.P. 0.19% of their portfolio NEW YORK, NY 1,113,3581.1m $64.7m $64.7m 0.19% Reduced -90.5k -90,483
41 Evensky & Katz LLC 4.35% of their portfolio CORAL GABLES, FL 1,061,2611.1m $61.6m $61.6m 4.35% Reduced -28.9k -28,948
42 First Financial Bankshares Inc 1.38% of their portfolio Abilene, TX 1,053,0921.1m $61.2m $61.2m 1.38% Added +27.7k +27,684
43 Merit Financial Group, LLC 1.39% of their portfolio ALPHARETTA, GA 1,012,3571.0m $58.5m $58.5m 1.39% Reduced -38.7k -38,748
44 AE Wealth Management LLC 0.66% of their portfolio TOPEKA, KS 1,006,5141.0m $58.4m $58.4m 0.66% Reduced -1.2m -1,179,105
45 Defender Capital, LLC. 19.14% of their portfolio CHARLOTTE, NC 968,975969.0k $56.3m $56.3m 19.14% Reduced -114.1k -114,075
46 OLD NATIONAL BANCORP /IN/ 1.33% of their portfolio EVANSVILLE, IN 962,885962.9k $55.9m $55.9m 1.33% Added +179.3k +179,322
47 TD PRIVATE CLIENT WEALTH LLC 1.76% of their portfolio NEW YORK, NY 923,841923.8k $53.6m $53.6m 1.76% Added +115.4k +115,373
48 BOK Financial Private Wealth, Inc. 3.94% of their portfolio DENVER, CO 911,394911.4k $52.9m $52.9m 3.94% Added +113.8k +113,841
49 Chemistry Wealth Management LLC 13.34% of their portfolio NEW YORK, NY 852,581852.6k $49.5m $49.5m 13.34% Added +29.6k +29,571
50 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 1.53% of their portfolio Seattle, WA 850,502850.5k $49.4m $49.4m 1.53% Added +20.4k +20,418
51 Strata Wealth Advisors, LLC 17.15% of their portfolio DALLAS, TX 839,759839.8k $48.8m $48.8m 17.15% Added +76.4k +76,396
52 Oak Harvest Investment Services 7.92% of their portfolio HOUSTON, TX 821,160821.2k $47.7m $47.7m 7.92% Added +121.5k +121,454
53 INSIGHT 2811, INC. 24.20% of their portfolio CHICAGO, IL 810,979811.0k $47.1m $47.1m 24.20% Added +26.8k +26,772
54 Eagle Ridge Investment Management 4.17% of their portfolio STAMFORD, CT 780,049780.0k $45.3m $45.3m 4.17% Added +23.3k +23,333
55 Federation des caisses Desjardins du Quebec 0.33% of their portfolio LEVIS, A8 778,645778.6k $45.2m $45.2m 0.33% Added +6.1k +6,119
56 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 775,147775.1k $45.0m $45.0m 0.05% Reduced -252.1k -252,135
57 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 769,413769.4k $44.7m $44.7m 0.10% Reduced -169.9k -169,913
58 Pacific Sage Partners, LLC 11.32% of their portfolio EDMONDS, WA 753,104753.1k $43.7m $43.7m 11.32% Reduced -450 -450
59 1834 INVESTMENT ADVISORS CO 5.07% of their portfolio Milwaukee, WI 734,005734.0k $42.6m $42.6m 5.07% Added +1.7k +1,744
60 Alta Advisers Ltd 20.14% of their portfolio LONDON, X0 699,427699.4k $40.6m $40.6m 20.14% Added +30.8k +30,753
61 Foundations Investment Advisors, LLC 1.04% of their portfolio PHOENIX, AZ 685,221685.2k $39.8m $39.8m 1.04% Reduced -359.6k -359,577
62 Relative Value Partners Group, LLC 2.35% of their portfolio NORTHBROOK, IL 651,628651.6k $38.1m $38.1m 2.35% Reduced -4.6k -4,613
63 Wealth Dimensions Group, Ltd. 11.10% of their portfolio CINCINNATI, OH 647,249647.2k $37.6m $37.6m 11.10% Added +8.2k +8,191
64 Mariner, LLC 0.08% of their portfolio Overland Park, KS 643,644643.6k $37.4m $37.4m 0.08% Reduced -10.8k -10,829
65 Foster Group, Inc. 1.84% of their portfolio WEST DES MOINES, IA 639,146639.1k $37.1m $37.1m 1.84% Added +52.4k +52,412
66 Vernal Point Advisors, LLC 31.43% of their portfolio San Francisco, CA 633,362633.4k $36.8m $36.8m 31.43% Reduced -22.8k -22,786
67 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.75% of their portfolio MINNEAPOLIS, MN 570,507570.5k $33.1m $33.1m 0.75% New
68 AllGen Financial Advisors, Inc. 12.99% of their portfolio ORLANDO, FL 549,779549.8k $31.9m $31.9m 12.99% New
69 AMI INVESTMENT MANAGEMENT INC 11.38% of their portfolio KENDALLVILLE, IN 539,286539.3k $31.3m $31.3m 11.38% Added +49.0k +49,021
70 Opus Capital Group, LLC 4.54% of their portfolio CINCINNATI, OH 534,950535.0k $31.1m $31.1m 4.54% Added +11.3k +11,349
71 PRESILIUM PRIVATE WEALTH, LLC 8.14% of their portfolio RADNOR, PA 528,251528.3k $30.7m $30.7m 8.14% Added +96.1k +96,068
72 SCOPUS ASSET MANAGEMENT, L.P. 1.00% of their portfolio NEW YORK, NY 522,500522.5k $30.3m $30.3m 1.00% Added +172.5k +172,500
73 MassMutual Private Wealth & Trust, FSB 0.94% of their portfolio Windsor, CT 522,107522.1k $30.3m $30.3m 0.94% Added +8.7k +8,690
74 MainStreet Investment Advisors LLC 3.58% of their portfolio CHICAGO, IL 512,865512.9k $29.8m $29.8m 3.58% Reduced -810 -810
75 Beacon Pointe Advisors, LLC 0.33% of their portfolio NEWPORT BEACH, CA 502,882502.9k $29.2m $29.2m 0.33% Added +8.9k +8,947
76 First Command Advisory Services, Inc. 0.31% of their portfolio FORT WORTH, TX 502,394502.4k $29.2m $29.2m 0.31% Added +494.8k +494,845
77 BENJAMIN F. EDWARDS & COMPANY, INC. 0.52% of their portfolio ST. LOUIS, MO 496,487496.5k $28.8m $28.8m 0.52% Reduced -7.4k -7,373
78 Herr Investment Group LLC 8.81% of their portfolio AUSTIN, TX 488,608488.6k $28.4m $28.4m 8.81% Reduced -16.7k -16,662
79 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 488,099488.1k $28.3m $28.3m 0.11% Reduced -9.1k -9,125
80 New York Life Investment Management LLC 0.27% of their portfolio New York, NY 469,969470.0k $27.3m $27.3m 0.27% Added +463.9k +463,865
81 Dynasty Wealth Management, LLC 0.85% of their portfolio ST. PETERSBURG, FL 457,188457.2k $26.5m $26.5m 0.85% First filing
82 BANK OF NOVA SCOTIA 0.05% of their portfolio TORONTO, A6 449,247449.2k $26.1m $26.1m 0.05% Reduced -54.4k -54,440
83 Facet Wealth, Inc. 0.87% of their portfolio WEST PALM BEACH, FL 449,041449.0k $25.9m $25.9m 0.87% Added +79.5k +79,470
84 Portland Global Advisors LLC 3.51% of their portfolio PORTLAND, ME 442,896442.9k $25.7m $25.7m 3.51% Added +103.1k +103,129
85 Hilton Capital Management, LLC 2.30% of their portfolio Garden City, NY 441,494441.5k $25.6m $25.6m 2.30% Reduced -248.5k -248,484
86 Delta Investment Management, LLC 5.81% of their portfolio SAN FRANCISCO, CA 440,737440.7k $25.6m $25.6m 5.81% Reduced -53.7k -53,683
87 Schiavi & Co LLC 10.02% of their portfolio WILMINGTON, DE 437,500437.5k $25.4m $25.4m 10.02% Added +10.7k +10,697
88 Salomon & Ludwin, LLC 2.17% of their portfolio RICHMOND, VA 435,074435.1k $25.3m $25.3m 2.17% Added +101.6k +101,555
89 ASSETMARK, INC 0.08% of their portfolio CONCORD, CA 433,668433.7k $25.2m $25.2m 0.08% Added +349.2k +349,197
90 American Money Management, LLC 5.24% of their portfolio Rancho Santa Fe, CA 432,275432.3k $25.1m $25.1m 5.24% Added +44.1k +44,086
91 Sollinda Capital Management LLC 7.75% of their portfolio HICKORY, NC 426,808426.8k $24.8m $24.8m 7.75% Reduced -216.6k -216,586
92 Charles Schwab Trust Co 2.32% of their portfolio HENDERSON, NV 422,068422.1k $24.5m $24.5m 2.32% Reduced -4.8k -4,819
93 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 415,176415.2k $24.1m $24.1m 0.01% Added +16.2k +16,153
94 Cordant, Inc. 13.73% of their portfolio PORTLAND, OR 407,925407.9k $23.7m $23.7m 13.73% Added +7.1k +7,102
95 Five Oceans Advisors 11.86% of their portfolio SANTA MONICA, CA 397,223397.2k $23.1m $23.1m 11.86% Reduced -7.7k -7,738
96 Prime Capital Investment Advisors, LLC 0.32% of their portfolio OVERLAND PARK, KS 395,016395.0k $22.9m $22.9m 0.32% Added +362.1k +362,115
97 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 385,731385.7k $22.4m $22.4m 0.09% Reduced -227.6k -227,639
98 CWA Asset Management Group, LLC 1.35% of their portfolio NAPLES, FL 381,980382.0k $22.2m $22.2m 1.35% Reduced -2.0k -1,975
99 Miller Investment Management, LP 2.74% of their portfolio WEST CONSHOHOCKEN, PA 369,008369.0k $21.4m $21.4m 2.74% Added +3.9k +3,904
100 Level Financial Advisors 9.62% of their portfolio EAST AMHERST, NY 365,311365.3k $21.2m $21.2m 9.62% Added +32.9k +32,908