Vault-13

VANGUARD SCOTTSDALE FDS VGIT

INTER TERM TREAS · ETP · CUSIP 92206C706

662 institutional holders +89 vs Q3 2023
320,587,377320.6m shares reported held*
$19.0bnreported value*
109 new 258 added 188 reduced 60 sold out net bought ≈ $5.1bn (+86.4m 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 ($14.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $59.29. Options: 3 managers hold calls ($1.7m notional), 3 hold puts ($3.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 441Q4 22: 496Q1 23: 513Q2 23: 557Q3 23: 573Q4 23: 662662Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022441
Q4 2022496
Q1 2023513
Q2 2023557
Q3 2023573
Q4 2023662

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 244 bought or addedQ4 22: 221 cut or sold outQ4 22Q1 23: 280 bought or addedQ1 23: 205 cut or sold outQ1 23Q2 23: 312 bought or addedQ2 23: 194 cut or sold outQ2 23Q3 23: 333 bought or addedQ3 23: 230 cut or sold outQ3 23Q4 23: 367 bought or addedQ4 23: 248 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022244221
Q1 2023280205
Q2 2023312194
Q3 2023333230
Q4 2023367248

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ1 23 calls: $1.8mQ1 23 puts: $1.1mQ1 23P/C 0.63Q2 23 calls: $1.6mQ2 23 puts: $962.0kQ2 23P/C 0.59Q3 23 calls: $1.3mQ3 23 puts: $1.0mQ3 23P/C 0.79Q4 23 calls: $1.7mQ4 23 puts: $3.3mQ4 23P/C 1.87
Numbers
QuarterCallsPutsP/C
Q1 2023$1.8m$1.1m0.63
Q2 2023$1.6m$962.0k0.59
Q3 2023$1.3m$1.0m0.79
Q4 2023$1.7m$3.3m1.87

Biggest buyers

FMR LLC Added +21,240,702+21.2m
MORGAN STANLEY Added +16,241,182+16.2m
BANK OF AMERICA CORP /DE/ Added +15,273,008+15.3m
JPMORGAN CHASE & CO Added +12,257,950+12.3m
SCS Capital Management LLC Added +10,558,432+10.6m
GenTrust, LLC Added +1,924,540+1.9m
Morningstar Investment Services LLC Added +1,913,658+1.9m
NEPC LLC Added +1,281,593+1.3m
RWA WEALTH PARTNERS, LLC Added +1,214,192+1.2m
Summit Trail Advisors, LLC Added +1,127,561+1.1m

Biggest sellers

Empower Advisory Group, LLC Reduced -2,742,363-2.7m
STATE STREET CORP Reduced -1,000,000-1.0m
Bridgewater Advisors Inc. Sold out -899,036-899.0k
GOLDMAN SACHS GROUP INC Reduced -752,653-752.7k
SYNOVUS FINANCIAL CORP Reduced -670,183-670.2k
Mitsubishi UFJ Asset Management Co., Ltd. Reduced -588,900-588.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -429,359-429.4k
LAKEWOOD CAPITAL MANAGEMENT, LP Sold out -415,000-415.0k
First Interstate Bank Reduced -385,780-385.8k
New York Life Investment Management LLC Reduced -254,011-254.0k

Biggest calls

CITADEL ADVISORS LLC Added $1.1m18.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $646.6k10.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Paloma Partners Management Co New $2.4m40.0k shares
CITADEL ADVISORS LLC Added $883.9k14.9k 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 BANK OF AMERICA CORP /DE/ 0.31% of their portfolio CHARLOTTE, NC 45,747,04345.7m $2.7bn $2.7bn 0.31% Added +15.3m +15,273,008
2 JPMORGAN CHASE & CO 0.10% of their portfolio NEW YORK, NY 32,684,49632.7m $1.9bn $1.9bn 0.10% Added +12.3m +12,257,950
3 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 31,010,20431.0m $1.8bn $1.8bn 0.08% Added +16.2m +16,241,182
4 FMR LLC 0.12% of their portfolio BOSTON, MA 27,280,33327.3m $1.6bn $1.6bn 0.12% Added +21.2m +21,240,702
5 SCS Capital Management LLC 12.94% of their portfolio BOSTON, MA 19,073,41619.1m $1.1bn $1.1bn 12.94% Added +10.6m +10,558,432
6 Empower Advisory Group, LLC 3.23% of their portfolio Greenwood Village, CO 13,812,56613.8m $819.4m $819.4m 3.23% Reduced -2.7m -2,742,363
7 RWA WEALTH PARTNERS, LLC 7.19% of their portfolio BOSTON, MA 8,495,5888.5m $504.0m $504.0m 7.19% Added +1.2m +1,214,192
8 Creative Planning 0.91% of their portfolio OVERLAND PARK, KS 8,247,1708.2m $489.2m $489.2m 0.91% Added +674.4k +674,437
9 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 5,800,0005.8m $344.1m $344.1m 0.02% Reduced -1.0m -1,000,000
10 BUCKINGHAM STRATEGIC WEALTH, LLC 3.75% of their portfolio CLAYTON, MO 5,311,8745.3m $315.1m $315.1m 3.75% Added +613.9k +613,932
11 NEPC LLC 14.60% of their portfolio Boston, MA 4,446,2294.4m $263.8m $263.8m 14.60% Added +1.3m +1,281,593
12 UBS Group AG 0.10% of their portfolio ZURICH, V8 4,217,5524.2m $250.2m $250.2m 0.10% Added +583.3k +583,313
13 Fisher Asset Management, LLC 0.13% of their portfolio PLANO, TX 4,113,5234.1m $244.0m $244.0m 0.13% Reduced -118.5k -118,476
14 Morningstar Investment Services LLC 1.35% of their portfolio CHICAGO, IL 4,034,3964.0m $239.5m $239.5m 1.35% Added +1.9m +1,913,658
15 Blue Trust, Inc. 3.66% of their portfolio BRENTWOOD, TN 3,989,3134.0m $228.0m $228.0m 3.66% Added +590.4k +590,448
16 MATHER GROUP, LLC. 3.50% of their portfolio CHICAGO, IL 3,764,5883.8m $223.3m $223.3m 3.50% Added +301.8k +301,808
17 Municipal Employees' Retirement System of Michigan 2.69% of their portfolio LANSING, MI 3,390,7333.4m $201.1m $201.1m 2.69% Unchanged
18 MIDLAND WEALTH ADVISORS, LLC 13.76% of their portfolio EFFINGHAM, IL 3,386,5303.4m $200.9m $200.9m 13.76% First filing
19 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 3,247,7743.2m $192.7m $192.7m 0.06% Added +387.2k +387,213
20 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 2,438,6312.4m $144.7m $144.7m 0.04% Added +382.7k +382,673
21 Foster Group, Inc. 8.28% of their portfolio WEST DES MOINES, IA 2,370,6362.4m $135.5m $135.5m 8.28% Unchanged
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,317,1632.3m $137.5m $137.5m 0.03% Reduced -28.6k -28,567
23 Heritage Financial Services, LLC 22.83% of their portfolio Westwood, MA 2,262,3372.3m $134.2m $134.2m 22.83% Added +214.3k +214,327
24 First Interstate Bank 9.73% of their portfolio Billings, MT 2,214,0202.2m $131.3m $131.3m 9.73% Reduced -385.8k -385,780
25 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 2,128,1942.1m $126.2m $126.2m 0.05% Reduced -429.4k -429,359
26 GenTrust, LLC 7.65% of their portfolio MIAMI, FL 1,948,3971.9m $115.6m $115.6m 7.65% Added +1.9m +1,924,540
27 Focus Partners Advisor Solutions, LLC 5.38% of their portfolio SAINT LOUIS, MO 1,891,5371.9m $112.2m $112.2m 5.38% Added +76.1k +76,125
28 Jordan Park Group LLC 7.59% of their portfolio SAN FRANCISCO, CA 1,861,0221.9m $110.4m $110.4m 7.59% Reduced -118.7k -118,678
29 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,849,5171.8m $109.7m $109.7m 0.02% Added +15.2k +15,153
30 Edgehill Endowment Partners, LLC 15.50% of their portfolio HAMDEN, CT 1,756,1331.8m $104.2m $104.2m 15.50% Added +186.9k +186,872
31 Summit Trail Advisors, LLC 3.23% of their portfolio NEW YORK, NY 1,645,8841.6m $97.6m $97.6m 3.23% Added +1.1m +1,127,561
32 HighTower Advisors, LLC 0.15% of their portfolio CHICAGO, IL 1,519,4281.5m $90.1m $90.1m 0.15% Added +252.1k +252,093
33 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,375,8391.4m $81.6m $81.6m 0.05% Added +268.0k +267,992
34 Gitterman Wealth Management, LLC 33.24% of their portfolio Edison, NJ 1,258,0691.3m $74.6m $74.6m 33.24% Added +18.7k +18,717
35 Mitsubishi UFJ Asset Management Co., Ltd. 0.13% of their portfolio TOKYO, M0 1,245,1001.2m $73.9m $73.9m 0.13% Reduced -588.9k -588,900
36 Bangor Savings Bank 7.90% of their portfolio BANGOR, ME 1,221,8511.2m $72.5m $72.5m 7.90% Added +31.4k +31,425
37 TEXAS TREASURY SAFEKEEPING TRUST CO 5.97% of their portfolio AUSTIN, TX 1,124,5301.1m $66.7m $66.7m 5.97% New
38 Raymond James Financial Services Advisors, Inc. 0.10% of their portfolio ST. PETERSBURG, FL 1,082,7161.1m $64.2m $64.2m 0.10% Added +408.1k +408,092
39 Valeo Financial Advisors, LLC 2.57% of their portfolio CARMEL, IN 1,074,2611.1m $63.7m $63.7m 2.57% Added +88.3k +88,329
40 Relative Value Partners Group, LLC 3.79% of their portfolio NORTHBROOK, IL 1,046,3861.0m $62.1m $62.1m 3.79% Reduced -119.9k -119,929
41 AE Wealth Management LLC 0.31% of their portfolio TOPEKA, KS 1,030,4641.0m $60.7m $60.7m 0.31% Added +119.1k +119,089
42 Moss Adams Wealth Advisors LLC 12.49% of their portfolio SEATTLE, WA 1,009,8011.0m $59.9m $59.9m 12.49% Reduced -27.7k -27,746
43 Valmark Advisers, Inc. 1.06% of their portfolio AKRON, OH 955,562955.6k $56.7m $56.7m 1.06% Added +11.2k +11,166
44 FLPUTNAM INVESTMENT MANAGEMENT CO 1.22% of their portfolio PORTLAND, ME 873,566873.6k $51.8m $51.8m 1.22% Added +74.9k +74,859
45 Tanglewood Wealth Management, Inc. 6.02% of their portfolio HOUSTON, TX 828,446828.4k $49.1m $49.1m 6.02% Added +598.3k +598,302
46 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 827,330827.3k $49.1m $49.1m 0.01% Reduced -752.7k -752,653
47 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 785,911785.9k $46.6m $46.6m 0.07% Added +46.6k +46,586
48 Cliffwater LLC 12.96% of their portfolio MARINA DEL REY, CA 764,293764.3k $45.3m $45.3m 12.96% New
49 BRANDYWINE OAK PRIVATE WEALTH LLC 4.65% of their portfolio Kennett Square, PA 704,391704.4k $41.8m $41.8m 4.65% Added +6.0k +5,983
50 PROFFITT & GOODSON INC 7.67% of their portfolio KNOXVILLE, TN 689,286689.3k $40.9m $40.9m 7.67% Added +32.5k +32,510
51 Cardinal Point Capital Management ULC 9.77% of their portfolio TORONTO, A6 680,903680.9k $40.4m $40.4m 9.77% Added +25.0k +25,006
52 LIBRA WEALTH LLC 19.86% of their portfolio LOS GATOS, CA 673,936673.9k $40.0m $40.0m 19.86% Added +14.8k +14,783
53 Badgley Phelps Wealth Managers, LLC 1.08% of their portfolio SEATTLE, WA 664,916664.9k $39.4m $39.4m 1.08% Added +1.6k +1,585
54 Kingsview Wealth Management, LLC 1.14% of their portfolio GRANTS PASS, OR 641,084641.1k $38.0m $38.0m 1.14% Added +183.7k +183,663
55 Atria Investments, Inc 0.58% of their portfolio Charlotte, NC 635,478635.5k $37.7m $37.7m 0.58% Reduced -8.3k -8,282
56 GLOBALT Investments LLC / GA 1.56% of their portfolio Atlanta, GA 631,189631.2k $37.4m $37.4m 1.56% First filing
57 LAKE STREET ADVISORS GROUP, LLC 1.88% of their portfolio PORTSMOUTH, NH 629,757629.8k $37.4m $37.4m 1.88% Added +39.0k +39,001
58 PrairieView Partners, LLC 4.27% of their portfolio ST. PAUL, MN 583,161583.2k $34.6m $34.6m 4.27% Reduced -20.3k -20,260
59 Hanson & Doremus Investment Management 6.46% of their portfolio BURLINGTON, VT 577,401577.4k $34.3m $34.3m 6.46% Added +63.5k +63,450
60 BIRCHBROOK, INC. 22.36% of their portfolio BANGOR, ME 571,635571.6k $33.9m $33.9m 22.36% First filing
61 Opus Capital Group, LLC 5.00% of their portfolio CINCINNATI, OH 519,010519.0k $30.8m $30.8m 5.00% Reduced -72.7k -72,668
62 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 1.78% of their portfolio BOSTON, MA 505,541505.5k $30.0m $30.0m 1.78% Added +57.9k +57,928
63 American Trust 2.16% of their portfolio LEXINGTON, KY 493,424493.4k $29.3m $29.3m 2.16% Reduced -1.0k -1,003
64 Executive Wealth Management, LLC 2.73% of their portfolio BRIGHTON, MI 488,749488.7k $29.0m $29.0m 2.73% Reduced -13.3k -13,260
65 MilWealth Group LLC 9.53% of their portfolio MILWAUKEE, WI 484,822484.8k $28.8m $28.8m 9.53% Reduced -11.4k -11,423
66 RiverFront Investment Group, LLC 0.90% of their portfolio RICHMOND, VA 481,691481.7k $28.6m $28.6m 0.90% Reduced -10.9k -10,941
67 1834 INVESTMENT ADVISORS CO 3.34% of their portfolio Milwaukee, WI 471,935471.9k $28.0m $28.0m 3.34% Reduced -59.8k -59,764
68 SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio London, X0 463,890463.9k $27.5m $27.5m 0.04% Reduced -10.6k -10,561
69 OAKWORTH CAPITAL, INC. 2.14% of their portfolio BIRMINGHAM, AL 449,051449.1k $26.6m $26.6m 2.14% New
70 Ameritas Advisory Services, LLC 1.46% of their portfolio Lincoln, NE 446,153446.2k $26.5m $26.5m 1.46% Reduced -97.0k -96,984
71 Portland Global Advisors LLC 3.90% of their portfolio PORTLAND, ME 439,186439.2k $26.1m $26.1m 3.90% Added +47.9k +47,897
72 Equitable Holdings, Inc. 0.31% of their portfolio NEW YORK, NY 424,557424.6k $25.2m $25.2m 0.31% Reduced -2.7k -2,734
73 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 422,723422.7k $25.1m $25.1m 0.03% Added +44.4k +44,385
74 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 419,237419.2k $24.9m $24.9m 0.01% Added +41.0k +40,953
75 Roundview Capital LLC 2.27% of their portfolio PRINCETON, NJ 415,033415.0k $24.6m $24.6m 2.27% Added +127.4k +127,428
76 WOOSTER CORTHELL WEALTH MANAGEMENT, INC. 5.77% of their portfolio GLASTONBURY, CT 404,209404.2k $24.0m $24.0m 5.77% Reduced -57.8k -57,782
77 Evergreen Advisors, LLC 7.73% of their portfolio CHATTANOOGA, TN 401,366401.4k $23.8m $23.8m 7.73% Reduced -2.2k -2,186
78 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 400,782400.8k $23.8m $23.8m 0.10% Reduced -82.9k -82,857
79 Mariner, LLC 0.06% of their portfolio Overland Park, KS 397,747397.7k $23.6m $23.6m 0.06% Added +28.0k +28,023
80 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.52% of their portfolio BOSTON, MA 397,475397.5k $23.6m $23.6m 0.52% Added +138.1k +138,097
81 Towneley Capital Management, Inc / DE 6.02% of their portfolio LAGUNA HILLS, CA 395,681395.7k $23.5m $23.5m 6.02% First filing
82 OneAscent Financial Services LLC 2.87% of their portfolio BIRMINGHAM, AL 390,212390.2k $23.1m $23.1m 2.87% Added +97.1k +97,116
83 Waterway Wealth Management, LLC 9.47% of their portfolio THE WOODLANDS, TX 382,781382.8k $22.7m $22.7m 9.47% First filing
84 Kestra Advisory Services, LLC 0.18% of their portfolio AUSTIN, TX 373,819373.8k $22.2m $22.2m 0.18% Added +76.9k +76,868
85 Rainwater Charitable Foundation 16.80% of their portfolio FORT WORTH, TX 368,859368.9k $21.9m $21.9m 16.80% Added +89.0k +88,954
86 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 349,806349.8k $20.8m $20.8m 0.02% Reduced -5.9k -5,948
87 BSW Wealth Partners 4.06% of their portfolio BOULDER, CO 345,269345.3k $20.5m $20.5m 4.06% Added +14.3k +14,281
88 True Wealth Design, LLC 5.69% of their portfolio AKRON, OH 340,674340.7k $20.2m $20.2m 5.69% Reduced -128.4k -128,413
89 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 315,382315.4k $18.7m $18.7m 0.04% Added +37.8k +37,840
90 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 309,829309.8k $18.4m $18.4m 0.03% Reduced -110.0k -110,011
91 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 306,689306.7k $18.2m $18.2m 0.04% Added +95.2k +95,165
92 NOTTINGHAM ADVISORS, INC. 1.86% of their portfolio AMHERST, NY 305,370305.4k $13.3m $13.3m 1.86% Reduced -5.1k -5,109
93 Nova R Wealth, Inc. 11.21% of their portfolio OVERLAND PARK, KS 300,071300.1k $17.8m $17.8m 11.21% Reduced -10.1k -10,081
94 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 299,400299.4k $17.8m $17.8m 0.02% Added +6.6k +6,553
95 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 6.79% of their portfolio GREENWOOD VILLAGE, CO 296,031296.0k $17.6m $17.6m 6.79% Unchanged
96 Arista Wealth Management, LLC 6.37% of their portfolio Las Vegas, NV 293,273293.3k $17.4m $17.4m 6.37% Reduced -19.9k -19,928
97 OLD NATIONAL BANCORP /IN/ 0.45% of their portfolio EVANSVILLE, IN 290,653290.7k $17.2m $17.2m 0.45% Added +4.3k +4,282
98 Cerity Partners LLC 0.06% of their portfolio NEW YORK, NY 283,813283.8k $16.8m $16.8m 0.06% Added +108.1k +108,149
99 Paragon Capital Management Ltd 3.42% of their portfolio DENVER, CO 281,795281.8k $16.7m $16.7m 3.42% Reduced -69.2k -69,184
100 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 265,498265.5k $15.8m $15.8m 0.03% Added +144.3k +144,281