Vault-13

VANGUARD SCOTTSDALE FDS VCSH

SHRT TRM CORP BD · ETP · CUSIP 92206C409

1,363 institutional holders +27 vs Q1 2025
301,628,576301.6m shares reported held*
$24.0bnreported value*
85 new 570 added 517 reduced 60 sold out net bought ≈ $141.5m (+1.4m 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 ($13.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $79.61. Options: 1 managers hold calls ($0 notional), 0 hold puts (—).

Trends to Q2 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: 1,336Q2 25: 1,3631,363Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 20251,363

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 503 bought or addedQ3 23: 633 cut or sold outQ4 23: 470 bought or addedQ4 23: 671 cut or sold outQ4 23Q1 24: 572 bought or addedQ1 24: 623 cut or sold outQ2 24: 556 bought or addedQ2 24: 605 cut or sold outQ2 24Q3 24: 565 bought or addedQ3 24: 588 cut or sold outQ4 24: 632 bought or addedQ4 24: 523 cut or sold outQ4 24Q1 25: 658 bought or addedQ1 25: 564 cut or sold outQ2 25: 655 bought or addedQ2 25: 577 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023503633
Q4 2023470671
Q1 2024572623
Q2 2024556605
Q3 2024565588
Q4 2024632523
Q1 2025658564
Q2 2025655577

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ3 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 —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$611.5k$405.0k0.66
Q4 2024$0$0—
Q1 2025$0$28.3m—
Q2 2025$0$0—

Biggest buyers

ROYAL BANK OF CANADA Added +5,690,400+5.7m
III Capital Management New +2,160,000+2.2m
D. E. Shaw & Co., Inc. Added +1,869,100+1.9m
JPMORGAN CHASE & CO Added +1,768,572+1.8m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +1,688,808+1.7m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +727,130+727.1k
Rockefeller Capital Management L.P. Added +697,005+697.0k
PRINCIPAL FINANCIAL GROUP INC Added +563,381+563.4k
JANE STREET GROUP, LLC New +520,215+520.2k
NATIONAL BANK OF CANADA /FI/ Added +450,509+450.5k

Biggest sellers

PRUDENTIAL PLC Reduced -8,193,218-8.2m
Japan Science & Technology Agency Reduced -2,778,000-2.8m
MORGAN STANLEY Reduced -2,065,200-2.1m
Point72 Asset Management, L.P. Sold out -750,000-750.0k
Trans-Canada Capital Inc. Reduced -744,506-744.5k
RENAISSANCE TECHNOLOGIES LLC Reduced -492,700-492.7k
iA Global Asset Management Inc. Reduced -460,127-460.1k
GOLDMAN SACHS GROUP INC Reduced -392,528-392.5k
Valeo Financial Advisors, LLC Reduced -380,770-380.8k
Bouchey Financial Group, Ltd. Sold out -336,922-336.9k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

None

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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.41% of their portfolio CHARLOTTE, NC 64,027,46464.0m $5.1bn $5.1bn 0.41% Added +125.9k +125,886
2 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 17,257,90717.3m $1.4bn $1.4bn 0.09% Reduced -2.1m -2,065,200
3 PRUDENTIAL PLC 6.16% of their portfolio LONDON, X0 12,676,39312.7m $1.0bn $1.0bn 6.16% Reduced -8.2m -8,193,218
4 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 11,268,29011.3m $895.8m $895.8m 0.09% Added +5.7m +5,690,400
5 ENVESTNET ASSET MANAGEMENT INC 0.18% of their portfolio Berwyn, PA 7,724,7247.7m $614.0m $614.0m 0.18% Reduced -144.6k -144,608
6 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 5,843,6355.8m $464.6m $464.6m 0.10% Reduced -69.5k -69,547
7 UBS Group AG 0.09% of their portfolio ZURICH, V8 5,271,4055.3m $419.1m $419.1m 0.09% Reduced -132.9k -132,936
8 BARINGS LLC 9.48% of their portfolio CHARLOTTE, NC 5,108,5275.1m $406.1m $406.1m 9.48% Unchanged
9 NEPC LLC 10.16% of their portfolio Boston, MA 5,049,0505.0m $401.4m $401.4m 10.16% Added +184.1k +184,080
10 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.31% of their portfolio Toronto, A6 4,410,9564.4m $350.7m $350.7m 0.31% Added +1.7m +1,688,808
11 D. E. Shaw & Co., Inc. 0.32% of their portfolio New York, NY 4,015,7004.0m $319.2m $319.2m 0.32% Added +1.9m +1,869,100
12 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 3,402,1543.4m $270.5m $270.5m 0.09% Added +136.9k +136,915
13 LPL Financial LLC 0.09% of their portfolio FORT MILL, SC 3,298,8083.3m $262.3m $262.3m 0.09% Added +61.2k +61,192
14 Sequoia Financial Advisors, LLC 1.72% of their portfolio Akron, OH 3,154,0643.2m $250.7m $250.7m 1.72% Reduced -22.7k -22,706
15 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 2,974,9713.0m $236.5m $236.5m 0.02% Added +1.8m +1,768,572
16 Financial Engines Advisors L.L.C. 0.45% of their portfolio SANTA CLARA, CA 2,859,9522.9m $227.4m $227.4m 0.45% Reduced -140.9k -140,874
17 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,832,3022.8m $225.2m $225.2m 0.04% Reduced -392.5k -392,528
18 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 2,604,0872.6m $207.0m $207.0m 0.04% Added +82.5k +82,539
19 MATHER GROUP, LLC. 2.01% of their portfolio CHICAGO, IL 2,367,1092.4m $188.2m $188.2m 2.01% Added +90.0k +90,015
20 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 4.06% of their portfolio Seattle, WA 2,256,3782.3m $179.4m $179.4m 4.06% Added +85.8k +85,810
21 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 2,227,7062.2m $176.4m $176.4m 0.04% Added +61.9k +61,949
22 III Capital Management 30.97% of their portfolio BOCA RATON, FL 2,160,0002.2m $171.7m $171.7m 30.97% New
23 Corient Private Wealth LP 0.22% of their portfolio MIAMI, FL 2,121,3452.1m $168.6m $168.6m 0.22% Reduced -5.4k -5,400
24 Japan Science & Technology Agency 2.61% of their portfolio TOKYO, M0 2,070,0002.1m $164.6m $164.6m 2.61% Reduced -2.8m -2,778,000
25 Janney Montgomery Scott LLC 0.38% of their portfolio PHILADELPHIA, PA 1,852,3741.9m $147.3m $147.3m 0.38% Reduced -156.6k -156,583
26 Trans-Canada Capital Inc. 9.71% of their portfolio MONTREAL, A8 1,792,4941.8m $142.5m $142.5m 9.71% Reduced -744.5k -744,506
27 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.09% of their portfolio MILWAUKEE, WI 1,600,3591.6m $127.2m $127.2m 0.09% Added +727.1k +727,130
28 TRUIST FINANCIAL CORP 0.18% of their portfolio CHARLOTTE, NC 1,536,0591.5m $122.1m $122.1m 0.18% Reduced -46.5k -46,499
29 Cerity Partners LLC 0.20% of their portfolio NEW YORK, NY 1,442,9031.4m $114.7m $114.7m 0.20% Added +37.6k +37,610
30 MERCER GLOBAL ADVISORS INC /ADV 0.25% of their portfolio DENVER, CO 1,400,1961.4m $111.3m $111.3m 0.25% Reduced -21.2k -21,224
31 BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.99% of their portfolio Madrid, U3 1,376,9441.4m $109.0m $109.0m 0.99% Added +149.5k +149,484
32 WestEnd Advisors, LLC 2.43% of their portfolio CHARLOTTE, NC 1,235,0201.2m $98.2m $98.2m 2.43% Reduced -124.0k -124,039
33 Steele Capital Management, Inc. 4.44% of their portfolio DUBUQUE, IA 1,163,3451.2m $92.5m $92.5m 4.44% Added +25.3k +25,314
34 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 1,160,0441.2m $92.2m $92.2m 0.05% Reduced -83.7k -83,668
35 RW Investment Management LLC 9.71% of their portfolio Eagle, ID 1,096,4861.1m $87.2m $87.2m 9.71% Added +8.4k +8,429
36 KEYBANK NATIONAL ASSOCIATION/OH 0.32% of their portfolio BROOKLYN, OH 1,075,5991.1m $85.5m $85.5m 0.32% Reduced -17.7k -17,744
37 Rockefeller Capital Management L.P. 0.10% of their portfolio NEW YORK, NY 1,040,0081.0m $86.5m $86.5m 0.10% Added +697.0k +697,005
38 Strategic Financial Services, Inc. 4.44% of their portfolio UTICA, NY 1,037,9241.0m $82.5m $82.5m 4.44% Added +8.1k +8,136
39 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,005,2131.0m $79.9m $79.9m 0.01% Reduced -13.0k -12,998
40 iA Global Asset Management Inc. 1.20% of their portfolio QUEBEC, A8 1,004,2251.0m $79.8m $79.8m 1.20% Reduced -460.1k -460,127
41 First Financial Bankshares Inc 1.78% of their portfolio Abilene, TX 998,636998.6k $79.4m $79.4m 1.78% Reduced -9.1k -9,068
42 MAI Capital Management 0.55% of their portfolio INDEPENDENCE, OH 991,382991.4k $78.8m $78.8m 0.55% Added +25.1k +25,086
43 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 978,415978.4k $77.8m $77.8m 0.13% Added +165.5k +165,486
44 Hilton Capital Management, LLC 6.06% of their portfolio Garden City, NY 954,911954.9k $75.9m $75.9m 6.06% Added +16.9k +16,861
45 Smithfield Trust Co 3.57% of their portfolio PITTSBURGH, PA 949,420949.4k $75.5m $75.5m 3.57% Reduced -6.7k -6,664
46 Modera Wealth Management, LLC 0.93% of their portfolio WESTWOOD, NJ 949,055949.1k $75.4m $75.4m 0.93% Reduced -23.4k -23,417
47 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 931,092931.1k $74.0m $74.0m 0.06% Added +76.1k +76,139
48 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 881,914881.9k $70.1m $70.1m 0.05% Added +262.0k +262,046
49 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 866,620866.6k $68.9m $68.9m 0.07% Reduced -27.4k -27,449
50 RiverFront Investment Group, LLC 1.33% of their portfolio RICHMOND, VA 854,927854.9k $68.0m $68.0m 1.33% Reduced -3.4k -3,425
51 Valeo Financial Advisors, LLC 1.67% of their portfolio CARMEL, IN 852,754852.8k $67.8m $67.8m 1.67% Reduced -380.8k -380,770
52 American Family Investments, Inc. 3.67% of their portfolio MADISON, WI 845,187845.2k $67.2m $67.2m 3.67% Unchanged
53 Stonebridge Capital Advisors LLC 5.07% of their portfolio ST PAUL, MN 839,231839.2k $66.7m $66.7m 5.07% Added +51.8k +51,830
54 Busey Bank 2.03% of their portfolio URBANA, IL 836,071836.1k $66.5m $66.5m 2.03% Added +48.3k +48,263
55 Focus Partners Wealth 0.14% of their portfolio ST LOUIS, MO 826,859826.9k $65.7m $65.7m 0.14% Added +43.7k +43,691
56 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 812,580812.6k $64.6m $64.6m 0.03% Added +563.4k +563,381
57 RENAISSANCE TECHNOLOGIES LLC 0.08% of their portfolio NEW YORK, NY 793,300793.3k $63.1m $63.1m 0.08% Reduced -492.7k -492,700
58 Kohmann Bosshard Financial Services, LLC 6.99% of their portfolio FAIRLAWN, OH 788,502788.5k $62.7m $62.7m 6.99% Added +30.3k +30,323
59 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 786,208786.2k $62.5m $62.5m 0.08% Added +11.6k +11,617
60 DAVENPORT & Co LLC 0.34% of their portfolio RICHMOND, VA 776,368776.4k $61.7m $61.7m 0.34% Added +19.8k +19,753
61 OAKWORTH CAPITAL, INC. 3.93% of their portfolio BIRMINGHAM, AL 766,139766.1k $60.9m $60.9m 3.93% Added +38.6k +38,568
62 Rockbridge Investment Management, LCC 6.45% of their portfolio Syracuse, NY 756,667756.7k $60.2m $60.2m 6.45% Added +24.3k +24,316
63 BlueSky Wealth Advisors, LLC 8.57% of their portfolio New Bern, NC 742,293742.3k $59.0m $59.0m 8.57% Added +13.7k +13,666
64 Quantum Financial Planning Services, Inc. 27.48% of their portfolio SPOKANE, WA 734,213734.2k $58.4m $58.4m 27.48% Reduced -11.9k -11,871
65 BEACON INVESTMENT ADVISORY SERVICES, INC. 2.56% of their portfolio MORRISTOWN, NJ 728,135728.1k $57.9m $57.9m 2.56% Added +12.6k +12,550
66 Retirement Systems of Alabama 0.21% of their portfolio MONTGOMERY, AL 720,835720.8k $57.3m $57.3m 0.21% Reduced -5.2k -5,180
67 Mariner, LLC 0.08% of their portfolio Overland Park, KS 720,494720.5k $57.3m $57.3m 0.08% Added +27.1k +27,104
68 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.79% of their portfolio CINCINNATI, OH 708,290708.3k $56.3m $56.3m 0.79% Added +11.2k +11,183
69 Lutz Financial Services LLC 4.25% of their portfolio OMAHA, NE 689,269689.3k $54.8m $54.8m 4.25% Added +8.1k +8,149
70 Baird Financial Group, Inc. 0.09% of their portfolio MILWAUKEE, WI 640,398640.4k $50.9m $50.9m 0.09% Added +16.2k +16,207
71 OSAIC HOLDINGS, INC. 0.09% of their portfolio SCOTTSDALE, AZ 631,770631.8k $50.2m $50.2m 0.09% Added +53.1k +53,058
72 TD PRIVATE CLIENT WEALTH LLC 1.22% of their portfolio NEW YORK, NY 625,749625.7k $49.7m $49.7m 1.22% Added +39.6k +39,581
73 Resonant Capital Advisors, LLC 3.16% of their portfolio Madison, WI 623,094623.1k $49.5m $49.5m 3.16% Added +29.4k +29,365
74 Liquid Strategies, LLC 10.78% of their portfolio ATLANTA, GA 620,621620.6k $49.3m $49.3m 10.78% Added +12.2k +12,179
75 FIRST NATIONAL BANK & TRUST CO OF NEWTOWN 9.87% of their portfolio NEWTOWN, PA 620,054620.1k $49.3m $49.3m 9.87% Reduced -2.4k -2,388
76 STEPHENS INC /AR/ 0.67% of their portfolio LITTLE ROCK, AR 617,163617.2k $49.1m $49.1m 0.67% Reduced -4.5k -4,545
77 Total Wealth Planning, LLC 6.16% of their portfolio CINCINNATI, OH 613,194613.2k $48.7m $48.7m 6.16% Reduced -13.6k -13,573
78 BENJAMIN EDWARDS INC 0.62% of their portfolio Clayton, MO 609,071609.1k $48.4m $48.4m 0.62% Added +30.4k +30,444
79 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 599,518599.5k $47.7m $47.7m 0.03% Reduced -25.6k -25,610
80 Capital Investment Services of America, Inc. 4.21% of their portfolio MILWAUKEE, WI 578,944578.9k $46.0m $46.0m 4.21% Added +10.4k +10,416
81 CWM, LLC 0.16% of their portfolio OMAHA, NE 565,410565.4k $45.0m $45.0m 0.16% Reduced -3.1k -3,075
82 North Star Investment Management Corp. 3.11% of their portfolio CHICAGO, IL 561,002561.0k $44.6m $44.6m 3.11% Added +11.1k +11,144
83 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 547,107547.1k $43.5m $43.5m 0.05% Added +41.1k +41,060
84 Eaton-Cambridge Inc. 16.29% of their portfolio PHOENIX, AZ 543,148543.1k $43.2m $43.2m 16.29% Added +19.2k +19,175
85 PROFFITT & GOODSON INC 6.45% of their portfolio KNOXVILLE, TN 532,006532.0k $42.3m $42.3m 6.45% Added +6.6k +6,616
86 JANE STREET GROUP, LLC 0.07% of their portfolio NEW YORK, NY 520,215520.2k $41.4m $41.4m 0.07% New
87 BCK Partners, Inc. 24.01% of their portfolio Corning, NY 514,744514.7k $40.9m $40.9m 24.01% Added +4.9k +4,933
88 Zurich Insurance Group Ltd/FI 0.31% of their portfolio ZURICH, V8 512,721512.7k $40.8m $40.8m 0.31% Unchanged
89 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 481,158481.2k $38.3m $38.3m 0.01% Added +24.1k +24,121
90 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 480,733480.7k $38.2m $38.2m 0.04% Added +450.5k +450,509
91 Allen Investment Management, LLC 0.42% of their portfolio NEW YORK, NY 479,139479.1k $38.1m $38.1m 0.42% Added +126 +126
92 Essex LLC 7.18% of their portfolio DEER PARK, IL 458,576458.6k $36.5m $36.5m 7.18% Added +6.4k +6,396
93 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 2.52% of their portfolio KNOXVILLE, TN 457,889457.9k $36.4m $36.4m 2.52% Added +2.7k +2,692
94 AMI INVESTMENT MANAGEMENT INC 9.12% of their portfolio KENDALLVILLE, IN 444,408444.4k $35.3m $35.3m 9.12% Added +222.0k +222,031
95 BANK OF NOVA SCOTIA 0.07% of their portfolio TORONTO, A6 442,989443.0k $35.2m $35.2m 0.07% Added +97.2k +97,151
96 BRANDYWINE OAK PRIVATE WEALTH LLC 3.26% of their portfolio Kennett Square, PA 442,181442.2k $35.2m $35.2m 3.26% Added +4.9k +4,870
97 William Mack & Associates, Inc. 21.91% of their portfolio TROY, MI 433,726433.7k $34.5m $34.5m 21.91% Added +49.5k +49,514
98 Aptus Capital Advisors, LLC 0.34% of their portfolio FAIRHOPE, AL 431,091431.1k $34.3m $34.3m 0.34% Added +19.1k +19,145
99 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 429,844429.8k $34.0m $34.0m 0.06% Reduced -32.0k -32,011
100 MML INVESTORS SERVICES, LLC 0.10% of their portfolio SPRINGFIELD, MA 429,066429.1k $34.1m $34.1m 0.10% Reduced -102.9k -102,926