Vault-13

VANGUARD SCOTTSDALE FDS VCSH

SHRT TRM CORP BD · ETP · CUSIP 92206C409

1,336 institutional holders -1 vs Q4 2024
302,036,260302.0m shares reported held*
$23.8bnreported value*
79 new 579 added 496 reduced 68 sold out net bought ≈ $231.3m (+3.0m 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 ($12.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.93. Options: 1 managers hold calls ($0 notional), 1 hold puts ($28.3m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,243Q4 22: 1,288Q1 23: 1,252Q2 23: 1,239Q3 23: 1,229Q4 23: 1,299Q1 24: 1,259Q2 24: 1,255Q3 24: 1,258Q4 24: 1,337Q1 25: 1,3361,336Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,243
Q4 20221,288
Q1 20231,252
Q2 20231,239
Q3 20231,229
Q4 20231,299
Q1 20241,259
Q2 20241,255
Q3 20241,258
Q4 20241,337
Q1 20251,336

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 524 bought or addedQ2 23: 641 cut or sold outQ3 23: 503 bought or addedQ3 23: 633 cut or sold outQ3 23Q4 23: 470 bought or addedQ4 23: 671 cut or sold outQ1 24: 572 bought or addedQ1 24: 623 cut or sold outQ1 24Q2 24: 556 bought or addedQ2 24: 605 cut or sold outQ3 24: 565 bought or addedQ3 24: 588 cut or sold outQ3 24Q4 24: 632 bought or addedQ4 24: 523 cut or sold outQ1 25: 658 bought or addedQ1 25: 564 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023524641
Q3 2023503633
Q4 2023470671
Q1 2024572623
Q2 2024556605
Q3 2024565588
Q4 2024632523
Q1 2025658564

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 24 calls: $502.3kQ2 24 puts: $208.7kQ2 24P/C 0.42Q3 24 calls: $611.5kQ3 24 puts: $405.0kQ3 24P/C 0.66Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $28.3mQ1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$502.3k$208.7k0.42
Q3 2024$611.5k$405.0k0.66
Q4 2024$0$0—
Q1 2025$0$28.3m—

Biggest buyers

MORGAN STANLEY Added +3,512,828+3.5m
Sequoia Financial Advisors, LLC Added +2,965,656+3.0m
BANK OF AMERICA CORP /DE/ Added +2,851,218+2.9m
Trans-Canada Capital Inc. New +2,537,000+2.5m
PRUDENTIAL PLC Added +1,844,380+1.8m
Bank of New York Mellon Corp Added +699,137+699.1k
NEPC LLC Added +658,773+658.8k
RENAISSANCE TECHNOLOGIES LLC Added +381,800+381.8k
JPMORGAN CHASE & CO Added +370,689+370.7k
Wealthspire Advisors, LLC Added +318,974+319.0k

Biggest sellers

VANGUARD GROUP INC Sold out -5,431,628-5.4m
American Family Investments, Inc. Reduced -4,196,813-4.2m
Japan Science & Technology Agency Reduced -3,352,000-3.4m
D. E. Shaw & Co., Inc. Reduced -2,176,800-2.2m
Focus Partners Wealth Reduced -659,489-659.5k
Essential Planning, LLC. Reduced -527,714-527.7k
NISA INVESTMENT ADVISORS, LLC Reduced -298,895-298.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -272,918-272.9k
MACQUARIE GROUP LTD Sold out -210,551-210.6k
Liquid Strategies, LLC Reduced -203,339-203.3k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Quaker Wealth Management, LLC First filing $28.3m358.5k 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 BANK OF AMERICA CORP /DE/ 0.45% of their portfolio CHARLOTTE, NC 63,901,57863.9m $5.0bn $5.0bn 0.45% Added +2.9m +2,851,218
2 PRUDENTIAL PLC 8.32% of their portfolio LONDON, X0 20,869,61120.9m $1.6bn $1.6bn 8.32% Added +1.8m +1,844,380
3 MORGAN STANLEY 0.11% of their portfolio NEW YORK, NY 19,323,10719.3m $1.5bn $1.5bn 0.11% Added +3.5m +3,512,828
4 ENVESTNET ASSET MANAGEMENT INC 0.20% of their portfolio Berwyn, PA 7,869,3327.9m $621.2m $621.2m 0.20% Reduced -272.9k -272,918
5 WELLS FARGO & COMPANY/MN 0.11% of their portfolio SAN FRANCISCO, CA 5,913,1825.9m $466.8m $466.8m 0.11% Reduced -96.1k -96,140
6 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 5,577,8905.6m $440.3m $440.3m 0.10% Added +9.9k +9,871
7 UBS Group AG 0.09% of their portfolio ZURICH, V8 5,404,3415.4m $426.6m $426.6m 0.09% Added +73.6k +73,621
8 BARINGS LLC 10.06% of their portfolio CHARLOTTE, NC 5,108,5275.1m $403.3m $403.3m 10.06% Reduced -41.4k -41,430
9 NEPC LLC 10.63% of their portfolio Boston, MA 4,864,9704.9m $384.0m $384.0m 10.63% Added +658.8k +658,773
10 Japan Science & Technology Agency 5.89% of their portfolio TOKYO, M0 4,848,0004.8m $382.7m $382.7m 5.89% Reduced -3.4m -3,352,000
11 RAYMOND JAMES FINANCIAL INC 0.10% of their portfolio ST. PETERSBURG, FL 3,265,2393.3m $257.8m $257.8m 0.10% Reduced -36.1k -36,144
12 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 3,237,6163.2m $255.6m $255.6m 0.10% Added +185.5k +185,476
13 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 3,224,8303.2m $254.6m $254.6m 0.05% Added +135.2k +135,207
14 Sequoia Financial Advisors, LLC 1.94% of their portfolio Akron, OH 3,176,7703.2m $250.8m $250.8m 1.94% Added +3.0m +2,965,656
15 Financial Engines Advisors L.L.C. 0.51% of their portfolio SANTA CLARA, CA 3,000,8263.0m $236.9m $236.9m 0.51% Reduced -109.6k -109,579
16 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.20% of their portfolio Toronto, A6 2,722,1482.7m $214.9m $214.9m 0.20% Added +221.4k +221,426
17 Trans-Canada Capital Inc. 16.03% of their portfolio MONTREAL, A8 2,537,0002.5m $200.3m $200.3m 16.03% New
18 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 2,521,5482.5m $199.1m $199.1m 0.04% Added +699.1k +699,137
19 MATHER GROUP, LLC. 2.08% of their portfolio CHICAGO, IL 2,277,0942.3m $179.8m $179.8m 2.08% Added +199.4k +199,417
20 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 4.42% of their portfolio Seattle, WA 2,170,5682.2m $171.3m $171.3m 4.42% Added +13.9k +13,903
21 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 2,165,7572.2m $171.0m $171.0m 0.05% Added +298.5k +298,517
22 D. E. Shaw & Co., Inc. 0.20% of their portfolio New York, NY 2,146,6002.1m $169.5m $169.5m 0.20% Reduced -2.2m -2,176,800
23 Corient Private Wealth LP 0.27% of their portfolio MIAMI, FL 2,126,7452.1m $167.9m $167.9m 0.27% Reduced -191.9k -191,939
24 Janney Montgomery Scott LLC 0.45% of their portfolio PHILADELPHIA, PA 2,008,9572.0m $158.6m $158.6m 0.45% Reduced -95.2k -95,153
25 TRUIST FINANCIAL CORP 0.20% of their portfolio CHARLOTTE, NC 1,582,5581.6m $124.9m $124.9m 0.20% Reduced -2.3k -2,303
26 iA Global Asset Management Inc. 1.99% of their portfolio QUEBEC, A8 1,464,3521.5m $115.6m $115.6m 1.99% Added +74.7k +74,658
27 MERCER GLOBAL ADVISORS INC /ADV 0.26% of their portfolio DENVER, CO 1,421,4201.4m $112.2m $112.2m 0.26% Reduced -183.3k -183,348
28 Cerity Partners LLC 0.23% of their portfolio NEW YORK, NY 1,405,2931.4m $110.9m $110.9m 0.23% Added +24.9k +24,861
29 WestEnd Advisors, LLC 2.85% of their portfolio CHARLOTTE, NC 1,359,0591.4m $107.3m $107.3m 2.85% Reduced -31.9k -31,905
30 RENAISSANCE TECHNOLOGIES LLC 0.15% of their portfolio NEW YORK, NY 1,286,0001.3m $101.5m $101.5m 0.15% Added +381.8k +381,800
31 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 1,243,7121.2m $98.2m $98.2m 0.05% Reduced -155.8k -155,850
32 Valeo Financial Advisors, LLC 1.96% of their portfolio CARMEL, IN 1,233,5241.2m $70.1m $70.1m 1.96% Reduced -13.5k -13,509
33 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.98% of their portfolio Madrid, U3 1,227,4601.2m $97.2m $97.2m 0.98% Added +51.6k +51,563
34 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,206,3991.2m $95.2m $95.2m 0.01% Added +370.7k +370,689
35 Steele Capital Management, Inc. 4.68% of their portfolio DUBUQUE, IA 1,138,0311.1m $89.8m $89.8m 4.68% Added +58.1k +58,146
36 KEYBANK NATIONAL ASSOCIATION/OH 0.35% of their portfolio BROOKLYN, OH 1,093,3431.1m $86.3m $86.3m 0.35% Reduced -25.6k -25,637
37 RW Investment Management LLC 10.56% of their portfolio Eagle, ID 1,088,0571.1m $85.9m $85.9m 10.56% Added +10.9k +10,950
38 Strategic Financial Services, Inc. 4.76% of their portfolio UTICA, NY 1,029,7881.0m $81.3m $81.3m 4.76% Added +31.8k +31,819
39 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 1,018,2111.0m $80.4m $80.4m 0.02% Reduced -34.3k -34,283
40 First Financial Bankshares Inc 1.72% of their portfolio Abilene, TX 1,007,7041.0m $79.5m $79.5m 1.72% Added +27.4k +27,425
41 Modera Wealth Management, LLC 1.04% of their portfolio WESTWOOD, NJ 972,472972.5k $76.8m $76.8m 1.04% Reduced -9.9k -9,934
42 MAI Capital Management 0.58% of their portfolio INDEPENDENCE, OH 966,296966.3k $76.3m $76.3m 0.58% Reduced -3.0k -3,021
43 Smithfield Trust Co 3.78% of their portfolio PITTSBURGH, PA 956,084956.1k $75.5m $75.5m 3.78% Added +18.8k +18,769
44 Hilton Capital Management, LLC 6.29% of their portfolio Garden City, NY 938,050938.0k $74.0m $74.0m 6.29% Added +3.6k +3,647
45 STIFEL FINANCIAL CORP 0.08% of their portfolio ST. LOUIS, MO 894,069894.1k $70.6m $70.6m 0.08% Added +17.7k +17,745
46 Rappaport Reiches Capital Management, LLC 17.58% of their portfolio SKOKIE`, IL 891,338891.3k $70.4m $70.4m 17.58% Added +43.4k +43,437
47 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 873,229873.2k $68.9m $68.9m 0.06% Added +79.0k +78,973
48 RiverFront Investment Group, LLC 1.51% of their portfolio RICHMOND, VA 858,352858.4k $67.8m $67.8m 1.51% Added +28.6k +28,622
49 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 854,953855.0k $67.5m $67.5m 0.06% Added +129.4k +129,352
50 American Family Investments, Inc. 4.63% of their portfolio MADISON, WI 845,187845.2k $66.7m $66.7m 4.63% Reduced -4.2m -4,196,813
51 Cetera Investment Advisers 0.12% of their portfolio SCHAUMBURG, IL 812,929812.9k $64.2m $64.2m 0.12% Added +57.0k +57,039
52 Busey Bank 2.10% of their portfolio URBANA, IL 787,808787.8k $62.2m $62.2m 2.10% Added +81.0k +81,038
53 Stonebridge Capital Advisors LLC 5.06% of their portfolio ST PAUL, MN 787,401787.4k $62.2m $62.2m 5.06% Added +79.6k +79,635
54 Focus Partners Wealth 0.16% of their portfolio ST LOUIS, MO 783,168783.2k $61.8m $61.8m 0.16% Reduced -659.5k -659,489
55 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 774,591774.6k $61.1m $61.1m 0.09% Reduced -33.4k -33,354
56 Kohmann Bosshard Financial Services, LLC 7.06% of their portfolio FAIRLAWN, OH 758,179758.2k $59.9m $59.9m 7.06% Added +39.4k +39,447
57 DAVENPORT & Co LLC 0.35% of their portfolio RICHMOND, VA 756,615756.6k $59.7m $59.7m 0.35% Added +30.9k +30,892
58 Point72 Asset Management, L.P. 0.17% of their portfolio STAMFORD, CT 750,000750.0k $59.2m $59.2m 0.17% Unchanged
59 Quantum Financial Planning Services, Inc. 32.22% of their portfolio SPOKANE, WA 746,084746.1k $58.9m $58.9m 32.22% Added +20.0k +20,032
60 Rockbridge Investment Management, LCC 6.84% of their portfolio Syracuse, NY 732,351732.4k $57.8m $57.8m 6.84% Added +25.0k +24,993
61 Wealthspire Advisors, LLC 0.35% of their portfolio NEW YORK, NY 731,747731.7k $57.8m $57.8m 0.35% Added +319.0k +318,974
62 BlueSky Wealth Advisors, LLC 8.91% of their portfolio New Bern, NC 728,627728.6k $57.5m $57.5m 8.91% Added +4.0k +3,980
63 OAKWORTH CAPITAL, INC. 4.00% of their portfolio BIRMINGHAM, AL 727,571727.6k $57.4m $57.4m 4.00% Reduced -702 -702
64 Retirement Systems of Alabama 0.22% of their portfolio MONTGOMERY, AL 726,015726.0k $57.3m $57.3m 0.22% Unchanged
65 BEACON INVESTMENT ADVISORY SERVICES, INC. 2.64% of their portfolio MORRISTOWN, NJ 715,585715.6k $56.5m $56.5m 2.64% Added +9.0k +9,025
66 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.81% of their portfolio CINCINNATI, OH 697,107697.1k $55.0m $55.0m 0.81% Reduced -7.7k -7,728
67 Mariner, LLC 0.09% of their portfolio Overland Park, KS 693,390693.4k $54.7m $54.7m 0.09% Added +22.4k +22,398
68 Lutz Financial Services LLC 4.40% of their portfolio OMAHA, NE 681,120681.1k $53.8m $53.8m 4.40% Added +7.1k +7,141
69 AAFMAA Wealth Management & Trust LLC 22.88% of their portfolio FAYETTEVILLE, NC 638,470638.5k $50.4m $50.4m 22.88% Added +189.2k +189,204
70 Total Wealth Planning, LLC 7.57% of their portfolio CINCINNATI, OH 626,767626.8k $49.5m $49.5m 7.57% Added +6.3k +6,262
71 VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio San Antonio, TX 625,128625.1k $49.3m $49.3m 0.05% Reduced -178.1k -178,066
72 Baird Financial Group, Inc. 0.09% of their portfolio MILWAUKEE, WI 624,191624.2k $49.3m $49.3m 0.09% Added +24.3k +24,286
73 FIRST NATIONAL BANK & TRUST CO OF NEWTOWN 10.33% of their portfolio NEWTOWN, PA 622,442622.4k $49.1m $49.1m 10.33% Reduced -2.3k -2,255
74 STEPHENS INC /AR/ 0.72% of their portfolio LITTLE ROCK, AR 621,708621.7k $49.1m $49.1m 0.72% Reduced -35.7k -35,656
75 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 619,868619.9k $48.9m $48.9m 0.04% First filing
76 Liquid Strategies, LLC 9.05% of their portfolio ATLANTA, GA 608,442608.4k $48.0m $48.0m 9.05% Reduced -203.3k -203,339
77 Resonant Capital Advisors, LLC 3.27% of their portfolio Madison, WI 593,729593.7k $46.9m $46.9m 3.27% Added +27.6k +27,551
78 TD PRIVATE CLIENT WEALTH LLC 1.27% of their portfolio NEW YORK, NY 586,168586.2k $46.3m $46.3m 1.27% Reduced -26.9k -26,923
79 OSAIC HOLDINGS, INC. 0.10% of their portfolio SCOTTSDALE, AZ 578,712578.7k $45.7m $45.7m 0.10% Added +149.3k +149,284
80 BENJAMIN EDWARDS INC 0.64% of their portfolio Clayton, MO 578,627578.6k $45.7m $45.7m 0.64% Reduced -9.6k -9,623
81 Capital Investment Services of America, Inc. 4.55% of their portfolio MILWAUKEE, WI 568,528568.5k $44.9m $44.9m 4.55% Added +11.3k +11,323
82 CWM, LLC 0.18% of their portfolio OMAHA, NE 568,485568.5k $44.9m $44.9m 0.18% Added +242.0k +242,031
83 North Star Investment Management Corp. 3.16% of their portfolio CHICAGO, IL 549,858549.9k $43.4m $43.4m 3.16% Added +13.4k +13,422
84 MML INVESTORS SERVICES, LLC 0.14% of their portfolio SPRINGFIELD, MA 531,992532.0k $42.0m $42.0m 0.14% Added +39.2k +39,245
85 PROFFITT & GOODSON INC 6.83% of their portfolio KNOXVILLE, TN 525,390525.4k $41.5m $41.5m 6.83% Added +32.5k +32,519
86 Eaton-Cambridge Inc. 17.77% of their portfolio PHOENIX, AZ 523,973524.0k $41.4m $41.4m 17.77% Reduced -1.7k -1,702
87 Zurich Insurance Group Ltd/FI 0.33% of their portfolio ZURICH, V8 512,721512.7k $40.5m $40.5m 0.33% Unchanged
88 BCK Partners, Inc. 25.11% of their portfolio Corning, NY 509,811509.8k $40.2m $40.2m 25.11% Added +5.3k +5,333
89 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 506,047506.0k $39.9m $39.9m 0.05% Added +42.0k +41,965
90 Allen Investment Management, LLC 0.44% of their portfolio NEW YORK, NY 479,013479.0k $37.8m $37.8m 0.44% Unchanged
91 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 461,855461.9k $36.5m $36.5m 0.07% Added +52.4k +52,397
92 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 457,037457.0k $36.1m $36.1m 0.01% Added +5.2k +5,161
93 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 2.70% of their portfolio KNOXVILLE, TN 455,197455.2k $35.9m $35.9m 2.70% Added +12.4k +12,359
94 Essex LLC 7.73% of their portfolio DEER PARK, IL 452,180452.2k $35.7m $35.7m 7.73% Added +3.0k +2,967
95 FIDELIS iM, LLC 16.24% of their portfolio MEDFORD, OR 444,296444.3k $35.1m $35.1m 16.24% Added +198.4k +198,395
96 BRANDYWINE OAK PRIVATE WEALTH LLC 3.39% of their portfolio Kennett Square, PA 437,311437.3k $34.5m $34.5m 3.39% Reduced -538 -538
97 Adaptive Financial Consulting, LLC 14.64% of their portfolio BEACHWOOD, OH 433,199433.2k $34.2m $34.2m 14.64% Reduced -18.2k -18,225
98 Aptus Capital Advisors, LLC 0.37% of their portfolio FAIRHOPE, AL 411,946411.9k $32.5m $32.5m 0.37% Added +26.4k +26,389
99 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 411,008411.0k $32.4m $32.4m 0.01% Reduced -33.7k -33,662
100 Allworth Financial LP 0.18% of their portfolio FOLSOM, CA 410,290410.3k $32.3m $32.3m 0.18% Added +5.6k +5,617