Vault-13

VANGUARD SCOTTSDALE FDS VGSH

SHORT TERM TREAS · ETP · CUSIP 92206C102

938 institutional holders +26 vs Q4 2024
260,842,890260.8m shares reported held*
$15.3bnreported value*
94 new 403 added 303 reduced 62 sold out net bought ≈ $1.0bn (+17.4m 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 ($11.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $58.77. Options: 2 managers hold calls ($363.9k notional), 2 hold puts ($23.5k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 663Q4 22: 736Q1 23: 767Q2 23: 809Q3 23: 814Q4 23: 863Q1 24: 843Q2 24: 853Q3 24: 849Q4 24: 912Q1 25: 938938Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022663
Q4 2022736
Q1 2023767
Q2 2023809
Q3 2023814
Q4 2023863
Q1 2024843
Q2 2024853
Q3 2024849
Q4 2024912
Q1 2025938

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 23: 427 bought or addedQ2 23: 321 cut or sold outQ3 23: 392 bought or addedQ3 23: 388 cut or sold outQ3 23Q4 23: 377 bought or addedQ4 23: 399 cut or sold outQ1 24: 407 bought or addedQ1 24: 393 cut or sold outQ1 24Q2 24: 424 bought or addedQ2 24: 384 cut or sold outQ3 24: 440 bought or addedQ3 24: 361 cut or sold outQ3 24Q4 24: 435 bought or addedQ4 24: 353 cut or sold outQ1 25: 497 bought or addedQ1 25: 365 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023427321
Q3 2023392388
Q4 2023377399
Q1 2024407393
Q2 2024424384
Q3 2024440361
Q4 2024435353
Q1 2025497365

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 24 calls: $875.6kQ2 24 puts: $2.6mQ2 24P/C 2.91Q3 24 calls: $1.3mQ3 24 puts: $1.9mQ3 24P/C 1.52Q4 24 calls: $296.6kQ4 24 puts: $75.6kQ4 24P/C 0.25Q1 25 calls: $363.9kQ1 25 puts: $23.5kQ1 25P/C 0.06
Numbers
QuarterCallsPutsP/C
Q2 2024$875.6k$2.6m2.91
Q3 2024$1.3m$1.9m1.52
Q4 2024$296.6k$75.6k0.25
Q1 2025$363.9k$23.5k0.06

Biggest buyers

JPMORGAN CHASE & CO Added +5,886,364+5.9m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +2,019,229+2.0m
Summit Trail Advisors, LLC Added +1,865,738+1.9m
AMERIPRISE FINANCIAL INC Added +1,860,465+1.9m
RWA WEALTH PARTNERS, LLC Added +1,391,985+1.4m
New York Life Investment Management LLC Added +1,020,895+1.0m
Corient Private Wealth LP Added +820,448+820.4k
Baird Financial Group, Inc. Added +708,372+708.4k
COLDSTREAM CAPITAL MANAGEMENT INC Added +581,308+581.3k
Focus Partners Wealth Added +551,091+551.1k

Biggest sellers

Blue Trust, Inc. Reduced -1,408,729-1.4m
Johns Hopkins University Reduced -886,468-886.5k
Money Design Co.,Ltd. Reduced -821,717-821.7k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Reduced -688,098-688.1k
NEPC LLC Reduced -686,917-686.9k
Advisory Alpha, LLC Reduced -669,773-669.8k
Connecticut Wealth Management, LLC Reduced -609,501-609.5k
Alaethes Wealth, LLC Sold out -493,324-493.3k
Schiavi & Co LLC Reduced -492,814-492.8k
Essential Planning, LLC. Reduced -481,600-481.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $363.9k6.2k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $23.5k400 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.19% of their portfolio NEW YORK, NY 43,506,69143.5m $2.6bn $2.6bn 0.19% Added +5.9m +5,886,364
2 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 22,253,93222.3m $1.3bn $1.3bn 0.09% Added +384.0k +384,001
3 Orgel Wealth Management, LLC 11.49% of their portfolio ALTOONA, WI 7,535,9127.5m $442.3m $442.3m 11.49% Added +125.8k +125,785
4 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 6,909,8056.9m $405.5m $405.5m 0.04% Reduced -220.5k -220,527
5 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 6,265,6306.3m $367.7m $367.7m 0.05% Added +429.6k +429,644
6 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 5,559,5775.6m $326.3m $326.3m 0.06% Added +295.0k +295,027
7 Baird Financial Group, Inc. 0.55% of their portfolio MILWAUKEE, WI 4,852,8654.9m $284.8m $284.8m 0.55% Added +708.4k +708,372
8 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,500,0004.5m $264.1m $264.1m 0.01% Unchanged
9 PARTNERS CAPITAL INVESTMENT GROUP, LLP 4.46% of their portfolio BOSTON, MA 4,493,5174.5m $263.7m $263.7m 4.46% Added +2.0m +2,019,229
10 SCS Capital Management LLC 3.25% of their portfolio BOSTON, MA 4,350,4254.4m $255.3m $255.3m 3.25% Added +146.8k +146,822
11 NorthRock Partners, LLC 7.61% of their portfolio MINNEAPOLIS, MN 3,859,9573.9m $226.5m $226.5m 7.61% Added +251.6k +251,649
12 Cerity Partners LLC 0.44% of their portfolio NEW YORK, NY 3,666,8843.7m $215.2m $215.2m 0.44% Added +203.9k +203,880
13 M&T Bank Corp 0.69% of their portfolio BUFFALO, NY 3,240,4473.2m $190.2m $190.2m 0.69% Added +85.6k +85,627
14 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 3,097,8063.1m $181.8m $181.8m 0.04% Reduced -100.8k -100,786
15 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 2,991,3193.0m $175.6m $175.6m 0.06% Reduced -366.3k -366,281
16 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 2,653,7562.7m $155.7m $155.7m 0.06% Added +327.9k +327,871
17 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 2,632,9002.6m $154.2m $154.2m 0.04% Added +1.9m +1,860,465
18 Summit Trail Advisors, LLC 4.59% of their portfolio NEW YORK, NY 2,369,7572.4m $139.1m $139.1m 4.59% Added +1.9m +1,865,738
19 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 2,343,0882.3m $137.5m $137.5m 0.03% Added +374.9k +374,851
20 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 2,269,2712.3m $133.2m $133.2m 0.05% Added +248.7k +248,690
21 HighTower Advisors, LLC 0.16% of their portfolio CHICAGO, IL 2,045,9892.0m $120.1m $120.1m 0.16% Added +15.1k +15,117
22 Smithfield Trust Co 6.02% of their portfolio PITTSBURGH, PA 2,045,7432.0m $120.1m $120.1m 6.02% Reduced -3.6k -3,551
23 Blue Trust, Inc. 1.53% of their portfolio BRENTWOOD, TN 2,032,0232.0m $119.3m $119.3m 1.53% Reduced -1.4m -1,408,729
24 Pure Financial Advisors, LLC 2.48% of their portfolio SAN DIEGO, CA 2,024,2082.0m $118.8m $118.8m 2.48% Added +182.3k +182,254
25 Cetera Investment Advisers 0.23% of their portfolio SCHAUMBURG, IL 2,013,0022.0m $118.1m $118.1m 0.23% Reduced -74.9k -74,866
26 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,808,1211.8m $106.1m $106.1m 0.02% Added +42.9k +42,934
27 Acropolis Investment Management, LLC 6.17% of their portfolio ST. LOUIS, MO 1,772,2391.8m $104.0m $104.0m 6.17% Added +50.4k +50,412
28 RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio NEW YORK, NY 1,734,7001.7m $101.8m $101.8m 0.15% Added +261.8k +261,834
29 RWA WEALTH PARTNERS, LLC 1.08% of their portfolio BOSTON, MA 1,461,4391.5m $85.8m $85.8m 1.08% Added +1.4m +1,391,985
30 Money Design Co.,Ltd. 4.26% of their portfolio TOKYO, M0 1,457,0501.5m $85.5m $85.5m 4.26% Reduced -821.7k -821,717
31 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.07% of their portfolio MILWAUKEE, WI 1,446,1841.4m $84.9m $84.9m 0.07% Added +231.2k +231,185
32 New York Life Investment Management LLC 0.86% of their portfolio New York, NY 1,441,5361.4m $84.6m $84.6m 0.86% Added +1.0m +1,020,895
33 Creative Planning 0.08% of their portfolio OVERLAND PARK, KS 1,413,2771.4m $82.9m $82.9m 0.08% Added +358.6k +358,590
34 MAI Capital Management 0.63% of their portfolio INDEPENDENCE, OH 1,412,9211.4m $82.9m $82.9m 0.63% Added +8.9k +8,881
35 TD PRIVATE CLIENT WEALTH LLC 2.18% of their portfolio NEW YORK, NY 1,346,3791.3m $79.0m $79.0m 2.18% Added +86.6k +86,596
36 Advisory Alpha, LLC 2.54% of their portfolio HOLLAND, MI 1,275,7611.3m $74.8m $74.8m 2.54% Reduced -669.8k -669,773
37 Valmark Advisers, Inc. 1.12% of their portfolio AKRON, OH 1,263,4281.3m $74.2m $74.2m 1.12% Reduced -8.5k -8,547
38 BROWN ADVISORY INC 0.10% of their portfolio BALTIMORE, MD 1,233,3681.2m $72.4m $72.4m 0.10% Added +62.4k +62,359
39 NEPC LLC 1.99% of their portfolio Boston, MA 1,226,7181.2m $72.0m $72.0m 1.99% Reduced -686.9k -686,917
40 OSAIC HOLDINGS, INC. 0.16% of their portfolio SCOTTSDALE, AZ 1,208,9441.2m $71.0m $71.0m 0.16% Added +231.1k +231,110
41 First Financial Bankshares Inc 1.49% of their portfolio Abilene, TX 1,178,8471.2m $69.2m $69.2m 1.49% Added +21.4k +21,351
42 Evensky & Katz LLC 4.56% of their portfolio CORAL GABLES, FL 1,157,8331.2m $68.0m $68.0m 4.56% Added +25.2k +25,235
43 COLDSTREAM CAPITAL MANAGEMENT INC 1.44% of their portfolio BELLEVUE, WA 1,155,6281.2m $67.8m $67.8m 1.44% Added +581.3k +581,308
44 Corient Private Wealth LP 0.11% of their portfolio MIAMI, FL 1,116,8491.1m $65.5m $65.5m 0.11% Added +820.4k +820,448
45 Penserra Capital Management LLC 1.09% of their portfolio ORINDA, CA 1,044,3601.0m $61.3m $61.3m 1.09% Added +68.9k +68,928
46 First Command Advisory Services, Inc. 0.58% of their portfolio FORT WORTH, TX 1,033,3451.0m $60.6m $60.6m 0.58% Added +35.5k +35,513
47 Miller Investment Management, LP 6.66% of their portfolio WEST CONSHOHOCKEN, PA 1,025,0691.0m $60.2m $60.2m 6.66% Added +3.0k +3,025
48 AE Wealth Management LLC 0.50% of their portfolio TOPEKA, KS 1,022,9151.0m $60.0m $60.0m 0.50% Reduced -142.7k -142,673
49 NorthCoast Asset Management LLC 0.30% of their portfolio STAMFORD, CT 1,017,3521.0m $59.7m $59.7m 0.30% Added +119.2k +119,189
50 MERCER GLOBAL ADVISORS INC /ADV 0.14% of their portfolio DENVER, CO 1,008,4711.0m $59.2m $59.2m 0.14% Added +501.8k +501,838
51 Rockefeller Capital Management L.P. 0.15% of their portfolio NEW YORK, NY 1,008,1551.0m $59.2m $59.2m 0.15% Added +30.0k +29,975
52 Focus Partners Wealth 0.15% of their portfolio ST LOUIS, MO 1,000,4801.0m $58.7m $58.7m 0.15% Added +551.1k +551,091
53 CAPITAL ADVISORS INC/OK 1.17% of their portfolio TULSA, OK 1,000,2061.0m $58.7m $58.7m 1.17% Added +393.7k +393,721
54 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 991,964992.0k $58.2m $58.2m 0.09% Reduced -120.6k -120,629
55 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 1.48% of their portfolio Seattle, WA 980,132980.1k $57.5m $57.5m 1.48% Added +15.3k +15,277
56 Chemistry Wealth Management LLC 12.96% of their portfolio NEW YORK, NY 949,291949.3k $55.7m $55.7m 12.96% Added +34.2k +34,218
57 Strata Wealth Advisors, LLC 17.08% of their portfolio DALLAS, TX 936,029936.0k $54.9m $54.9m 17.08% Added +48.0k +47,982
58 Cornerstone Wealth Advisors, Inc. 13.76% of their portfolio EDINA, MN 844,703844.7k $49.6m $49.6m 13.76% Added +16.4k +16,444
59 Oak Harvest Investment Services 6.80% of their portfolio HOUSTON, TX 828,640828.6k $48.6m $48.6m 6.80% Added +36.4k +36,431
60 Pacific Sage Partners, LLC 10.38% of their portfolio EDMONDS, WA 785,965786.0k $46.1m $46.1m 10.38% Added +13.2k +13,165
61 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 780,002780.0k $45.8m $45.8m 0.01% Added +29.9k +29,876
62 TRUSTMARK BANK TRUST DEPARTMENT 3.37% of their portfolio JACKSON, MS 775,036775.0k $45.5m $45.5m 3.37% Added +130.6k +130,558
63 OLD NATIONAL BANCORP /IN/ 1.19% of their portfolio EVANSVILLE, IN 769,532769.5k $45.2m $45.2m 1.19% Reduced -183.8k -183,817
64 PRESILIUM PRIVATE WEALTH, LLC 9.98% of their portfolio RADNOR, PA 758,711758.7k $44.5m $44.5m 9.98% Added +57.7k +57,716
65 Federation des caisses Desjardins du Quebec 0.22% of their portfolio LEVIS, A8 754,339754.3k $44.3m $44.3m 0.22% Reduced -4.3k -4,265
66 Wealth Dimensions Group, Ltd. 10.49% of their portfolio CINCINNATI, OH 748,434748.4k $43.9m $43.9m 10.49% Added +29.6k +29,591
67 INSIGHT 2811, INC. 22.16% of their portfolio CHICAGO, IL 743,568743.6k $43.6m $43.6m 22.16% Reduced -6.9k -6,871
68 Talon Private Wealth, LLC 5.84% of their portfolio THE VILLAGES, FL 742,526742.5k $43.5m $43.5m 5.84% Reduced -52.2k -52,226
69 1834 INVESTMENT ADVISORS CO 5.57% of their portfolio Milwaukee, WI 735,984736.0k $43.2m $43.2m 5.57% Reduced -37.5k -37,502
70 Falcon Wealth Planning 4.71% of their portfolio Ontario, CA 721,745721.7k $42.4m $42.4m 4.71% Added +11.7k +11,710
71 MAYPORT, LLC 11.47% of their portfolio NEWTON, MA 708,687708.7k $41.6m $41.6m 11.47% Added +83.6k +83,612
72 AMI INVESTMENT MANAGEMENT INC 13.23% of their portfolio KENDALLVILLE, IN 699,157699.2k $41.0m $41.0m 13.23% Added +23.2k +23,211
73 Foster Group, Inc. 1.52% of their portfolio WEST DES MOINES, IA 692,207692.2k $40.6m $40.6m 1.52% Reduced -9.3k -9,282
74 Merit Financial Group, LLC 0.60% of their portfolio ALPHARETTA, GA 686,080686.1k $40.3m $40.3m 0.60% Reduced -237.1k -237,110
75 Mariner, LLC 0.07% of their portfolio Overland Park, KS 685,087685.1k $40.2m $40.2m 0.07% Added +56.8k +56,777
76 Spire Wealth Management 1.28% of their portfolio MCLEAN, VA 681,031681.0k $40.0m $40.0m 1.28% Reduced -989 -989
77 Vernal Point Advisors, LLC 26.46% of their portfolio San Francisco, CA 680,428680.4k $39.9m $39.9m 26.46% Reduced -32.7k -32,658
78 Portland Global Advisors LLC 4.92% of their portfolio PORTLAND, ME 665,744665.7k $39.1m $39.1m 4.92% Added +56.6k +56,557
79 PATTEN & PATTEN INC/TN 2.60% of their portfolio CHATTANOOGA, TN 660,425660.4k $38.8m $38.8m 2.60% Added +391.6k +391,640
80 Johns Hopkins University 1.37% of their portfolio BALTIMORE, MD 616,877616.9k $36.2m $36.2m 1.37% Reduced -886.5k -886,468
81 American Money Management, LLC 6.30% of their portfolio Rancho Santa Fe, CA 565,763565.8k $33.2m $33.2m 6.30% Added +40.7k +40,734
82 Opus Capital Group, LLC 4.26% of their portfolio CINCINNATI, OH 564,243564.2k $33.1m $33.1m 4.26% Reduced -18.0k -18,037
83 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 558,828558.8k $32.8m $32.8m 0.06% Reduced -49.8k -49,764
84 Beacon Pointe Advisors, LLC 0.37% of their portfolio NEWPORT BEACH, CA 555,374555.4k $32.6m $32.6m 0.37% Added +28.4k +28,391
85 ALTFEST L J & CO INC 4.05% of their portfolio NEW YORK, NY 550,207550.2k $32.3m $32.3m 4.05% Added +16.2k +16,167
86 SCOPUS ASSET MANAGEMENT, L.P. 1.11% of their portfolio NEW YORK, NY 522,500522.5k $30.7m $30.7m 1.11% Unchanged
87 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 522,459522.5k $30.7m $30.7m 0.00% Added +51.9k +51,903
88 BENJAMIN EDWARDS INC 0.43% of their portfolio Clayton, MO 520,078520.1k $30.5m $30.5m 0.43% Added +5.1k +5,080
89 Carnegie Investment Counsel 0.72% of their portfolio PEPPER PIKE, OH 519,309519.3k $30.5m $30.5m 0.72% New
90 GOULD ASSET MANAGEMENT LLC /CA/ 6.21% of their portfolio CLAREMONT, CA 513,291513.3k $30.1m $30.1m 6.21% Added +96.5k +96,517
91 Brookstone Capital Management 0.43% of their portfolio WHEATON, IL 510,329510.3k $30.0m $30.0m 0.43% Reduced -226.4k -226,402
92 Facet Wealth, Inc. 0.75% of their portfolio WEST PALM BEACH, FL 496,391496.4k $29.1m $29.1m 0.75% Reduced -15.2k -15,246
93 Arista Wealth Management, LLC 7.02% of their portfolio Las Vegas, NV 493,175493.2k $28.9m $28.9m 7.02% Reduced -55 -55
94 Winch Advisory Services, LLC 7.51% of their portfolio Appleton, WI 483,749483.7k $28.4m $28.4m 7.51% Added +173.6k +173,624
95 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.80% of their portfolio BOSTON, MA 474,526474.5k $27.8m $27.8m 0.80% Reduced -85.1k -85,133
96 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 456,534456.5k $26.8m $26.8m 0.01% Added +32.0k +32,013
97 Bleakley Financial Group, LLC 0.86% of their portfolio PARSIPPANY, NJ 455,839455.8k $26.8m $26.8m 0.86% Added +31.0k +31,006
98 Cordant, Inc. 13.92% of their portfolio PORTLAND, OR 455,452455.5k $26.7m $26.7m 13.92% Added +2.0k +1,991
99 STEPHENS INC /AR/ 0.39% of their portfolio LITTLE ROCK, AR 452,092452.1k $26.5m $26.5m 0.39% Reduced -37.5k -37,460
100 MassMutual Private Wealth & Trust, FSB 0.76% of their portfolio Windsor, CT 447,318447.3k $26.3m $26.3m 0.76% Reduced -19.3k -19,347