Vault-13

VANGUARD SCOTTSDALE FDS VGIT

INTER TERM TREAS · ETP · CUSIP 92206C706

821 institutional holders -3 vs Q2 2025
463,625,846463.6m shares reported held*
$29.3bnreported value*
64 new 408 added 227 reduced 57 sold out net bought ≈ $5.3bn (+82.9m 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 ($72.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $63.12. Options: 1 managers hold calls ($240.1k notional), 1 hold puts ($324.2k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 441Q4 22: 496Q1 23: 513Q2 23: 557Q3 23: 573Q4 23: 662Q1 24: 665Q2 24: 682Q3 24: 715Q4 24: 814Q1 25: 813Q2 25: 824Q3 25: 821821Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022441
Q4 2022496
Q1 2023513
Q2 2023557
Q3 2023573
Q4 2023662
Q1 2024665
Q2 2024682
Q3 2024715
Q4 2024814
Q1 2025813
Q2 2025824
Q3 2025821

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 23: 367 bought or addedQ4 23: 248 cut or sold outQ1 24: 408 bought or addedQ1 24: 262 cut or sold outQ1 24Q2 24: 402 bought or addedQ2 24: 234 cut or sold outQ3 24: 445 bought or addedQ3 24: 229 cut or sold outQ3 24Q4 24: 441 bought or addedQ4 24: 277 cut or sold outQ1 25: 457 bought or addedQ1 25: 312 cut or sold outQ1 25Q2 25: 468 bought or addedQ2 25: 320 cut or sold outQ3 25: 472 bought or addedQ3 25: 284 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023367248
Q1 2024408262
Q2 2024402234
Q3 2024445229
Q4 2024441277
Q1 2025457312
Q2 2025468320
Q3 2025472284

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ4 24 calls: $1.1mQ4 24 puts: $498.8kQ4 24P/C 0.44Q1 25 calls: $522.7kQ1 25 puts: $828.0kQ1 25P/C 1.58Q2 25 calls: $640.0kQ2 25 puts: $562.2kQ2 25P/C 0.88Q3 25 calls: $240.1kQ3 25 puts: $324.2kQ3 25P/C 1.35
Numbers
QuarterCallsPutsP/C
Q4 2024$1.1m$498.8k0.44
Q1 2025$522.7k$828.0k1.58
Q2 2025$640.0k$562.2k0.88
Q3 2025$240.1k$324.2k1.35

Biggest buyers

JPMORGAN CHASE & CO Added +69,315,300+69.3m
SCS Capital Management LLC Added +4,374,014+4.4m
BANK OF AMERICA CORP /DE/ Added +3,650,650+3.7m
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Added +1,737,909+1.7m
Creative Planning Added +1,401,442+1.4m
Empower Advisory Group, LLC Added +1,352,114+1.4m
Focus Partners Wealth Added +1,011,898+1.0m
Focus Partners Advisor Solutions, LLC Added +947,798+947.8k
Savant Capital, LLC Added +782,396+782.4k
MORGAN STANLEY Added +718,990+719.0k

Biggest sellers

Gallagher Fiduciary Advisors, LLC Reduced -5,657,980-5.7m
MIDLAND WEALTH ADVISORS, LLC Reduced -1,982,642-2.0m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -1,970,457-2.0m
ROYAL BANK OF CANADA Reduced -755,059-755.1k
FMR LLC Reduced -723,981-724.0k
Fisher Asset Management, LLC Reduced -696,675-696.7k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -596,628-596.6k
Mitsubishi UFJ Asset Management Co., Ltd. Reduced -474,000-474.0k
GOLDMAN SACHS GROUP INC Reduced -373,814-373.8k
Summit Trail Advisors, LLC Reduced -228,269-228.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $240.1k4.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $324.2k5.4k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.27% of their portfolio NEW YORK, NY 143,601,232143.6m $8.6bn $8.6bn 0.27% Added +69.3m +69,315,300
2 BANK OF AMERICA CORP /DE/ 0.22% of their portfolio CHARLOTTE, NC 49,761,59649.8m $3.0bn $3.0bn 0.22% Added +3.7m +3,650,650
3 Employees Retirement System of Texas 11.45% of their portfolio AUSTIN, TX 23,875,00023.9m $1.4bn $1.4bn 11.45% Unchanged
4 Empower Advisory Group, LLC 3.40% of their portfolio Greenwood Village, CO 20,427,26620.4m $1.2bn $1.2bn 3.40% Added +1.4m +1,352,114
5 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 19,830,05419.8m $1.2bn $1.2bn 0.07% Added +719.0k +718,990
6 Creative Planning 0.75% of their portfolio OVERLAND PARK, KS 16,456,95316.5m $987.9m $987.9m 0.75% Added +1.4m +1,401,442
7 SCS Capital Management LLC 9.76% of their portfolio BOSTON, MA 14,919,19714.9m $895.6m $895.6m 9.76% Added +4.4m +4,374,014
8 Focus Partners Wealth 0.92% of their portfolio ST LOUIS, MO 9,471,4869.5m $569.3m $569.3m 0.92% Added +1.0m +1,011,898
9 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 7,736,8007.7m $464.2m $464.2m 0.11% Added +193.5k +193,521
10 Blue Trust, Inc. 4.75% of their portfolio BRENTWOOD, TN 7,048,1737.0m $423.1m $423.1m 4.75% Added +546.5k +546,515
11 NEPC LLC 10.23% of their portfolio Boston, MA 6,472,6476.5m $388.6m $388.6m 10.23% Added +117.8k +117,795
12 Focus Partners Advisor Solutions, LLC 4.38% of their portfolio SAINT LOUIS, MO 6,429,3136.4m $386.0m $386.0m 4.38% Added +947.8k +947,798
13 MASECO LLP 17.06% of their portfolio LONDON, X0 5,864,1495.9m $352.1m $352.1m 17.06% Added +592.2k +592,167
14 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 6.05% of their portfolio BOSTON, MA 5,495,2655.5m $329.9m $329.9m 6.05% Added +1.7m +1,737,909
15 FMR LLC 0.02% of their portfolio BOSTON, MA 5,329,3395.3m $319.9m $319.9m 0.02% Reduced -724.0k -723,981
16 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,950,0005.0m $297.1m $297.1m 0.01% Added +500.0k +500,000
17 Heritage Financial Services, LLC 23.79% of their portfolio Westwood, MA 4,409,4494.4m $264.7m $264.7m 23.79% Added +184.0k +184,042
18 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 3,836,5183.8m $230.3m $230.3m 0.07% Added +41.3k +41,339
19 Cerity Partners LLC 0.37% of their portfolio NEW YORK, NY 3,815,4343.8m $229.0m $229.0m 0.37% Reduced -10.4k -10,429
20 Fisher Asset Management, LLC 0.07% of their portfolio PLANO, TX 3,432,1563.4m $206.0m $206.0m 0.07% Reduced -696.7k -696,675
21 Corient Private Wealth LP 0.28% of their portfolio MIAMI, FL 3,016,4423.0m $181.1m $181.1m 0.28% Added +206.6k +206,642
22 Valmark Advisers, Inc. 2.34% of their portfolio AKRON, OH 3,013,3133.0m $180.9m $180.9m 2.34% Added +124.7k +124,742
23 UBS Group AG 0.04% of their portfolio ZURICH, V8 2,985,9493.0m $179.2m $179.2m 0.04% Added +102.0k +101,997
24 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 2,878,1442.9m $172.8m $172.8m 0.06% Added +473.3k +473,297
25 HighTower Advisors, LLC 0.19% of their portfolio CHICAGO, IL 2,754,5902.8m $165.4m $165.4m 0.19% Added +168.4k +168,378
26 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,708,5722.7m $162.6m $162.6m 0.03% Added +206.9k +206,859
27 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.23% of their portfolio MINNEAPOLIS, MN 2,348,8872.3m $141.0m $141.0m 2.23% Added +252.0k +251,991
28 Foster Group, Inc. 4.41% of their portfolio WEST DES MOINES, IA 2,338,5852.3m $140.4m $140.4m 4.41% Added +105.5k +105,483
29 Strategic Financial Services, Inc. 7.03% of their portfolio UTICA, NY 2,333,0442.3m $140.1m $140.1m 7.03% Added +96.0k +95,986
30 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,007,3152.0m $120.5m $120.5m 0.04% Added +193.8k +193,760
31 Bangor Savings Bank 9.42% of their portfolio BANGOR, ME 1,884,5871.9m $113.1m $113.1m 9.42% Added +79.1k +79,056
32 First Interstate Bank 5.56% of their portfolio Billings, MT 1,677,9271.7m $100.7m $100.7m 5.56% Added +35.3k +35,300
33 Valeo Financial Advisors, LLC 2.24% of their portfolio CARMEL, IN 1,632,9081.6m $98.0m $98.0m 2.24% Added +112.5k +112,486
34 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,615,7351.6m $97.0m $97.0m 0.02% Reduced -18.2k -18,159
35 Badgley Phelps Wealth Managers, LLC 1.91% of their portfolio SEATTLE, WA 1,508,7131.5m $90.6m $90.6m 1.91% Reduced -8.5k -8,523
36 Cetera Investment Advisers 0.10% of their portfolio SCHAUMBURG, IL 1,482,5481.5m $89.0m $89.0m 0.10% Added +138.9k +138,899
37 OLD NATIONAL BANCORP /IN/ 1.52% of their portfolio EVANSVILLE, IN 1,482,2231.5m $89.0m $89.0m 1.52% Added +12.5k +12,538
38 COLDSTREAM CAPITAL MANAGEMENT INC 1.14% of their portfolio BELLEVUE, WA 1,403,9721.4m $84.3m $84.3m 1.14% Added +677.6k +677,595
39 Gitterman Wealth Management, LLC 19.27% of their portfolio Edison, NJ 1,401,1221.4m $84.1m $84.1m 19.27% Added +15.4k +15,423
40 Tanglewood Wealth Management, Inc. 7.64% of their portfolio HOUSTON, TX 1,369,7511.4m $82.2m $82.2m 7.64% Added +22.2k +22,158
41 BURNEY CO/ 2.42% of their portfolio RESTON, VA 1,265,2881.3m $76.0m $76.0m 2.42% Added +40.0k +39,973
42 Sand Hill Global Advisors, LLC 2.39% of their portfolio Palo Alto, CA 1,128,8421.1m $67.8m $67.8m 2.39% Added +18.6k +18,589
43 Summit Trail Advisors, LLC 0.92% of their portfolio NEW YORK, NY 1,106,2481.1m $66.4m $66.4m 0.92% Reduced -228.3k -228,269
44 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 1,090,9541.1m $65.5m $65.5m 0.09% Added +64.3k +64,256
45 NorthCoast Asset Management LLC 0.25% of their portfolio STAMFORD, CT 1,056,7941.1m $63.4m $63.4m 0.25% Reduced -22.5k -22,516
46 RiverFront Investment Group, LLC 1.09% of their portfolio RICHMOND, VA 1,036,9911.0m $62.3m $62.3m 1.09% Added +19.5k +19,520
47 Hanson & Doremus Investment Management 7.77% of their portfolio BURLINGTON, VT 1,028,6661.0m $61.8m $61.8m 7.77% Added +86.1k +86,146
48 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 1,025,2301.0m $61.5m $61.5m 0.04% Added +175.2k +175,159
49 PROFFITT & GOODSON INC 8.76% of their portfolio KNOXVILLE, TN 1,016,9941.0m $61.1m $61.1m 8.76% Added +46.3k +46,335
50 Cardinal Point Capital Management ULC 4.18% of their portfolio TORONTO, A6 991,034991.0k $59.7m $59.7m 4.18% Added +67.3k +67,318
51 LIBRA WEALTH LLC 17.66% of their portfolio LOS GATOS, CA 979,557979.6k $58.8m $58.8m 17.66% Added +60.4k +60,435
52 BRANDYWINE OAK PRIVATE WEALTH LLC 4.67% of their portfolio Kennett Square, PA 894,430894.4k $53.7m $53.7m 4.67% Reduced -107.7k -107,712
53 Jordan Park Group LLC 3.03% of their portfolio SAN FRANCISCO, CA 885,534885.5k $53.2m $53.2m 3.03% Reduced -115.2k -115,239
54 Retirement Systems of Alabama 0.17% of their portfolio MONTGOMERY, AL 846,715846.7k $50.8m $50.8m 0.17% Added +131.9k +131,950
55 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 843,709843.7k $50.6m $50.6m 0.01% Reduced -755.1k -755,059
56 NORTHWEST WEALTH MANAGEMENT, LLC 8.07% of their portfolio SPENCER, IA 816,131816.1k $49.0m $49.0m 8.07% Added +45.1k +45,114
57 Savant Capital, LLC 0.29% of their portfolio ROCKFORD, IL 804,556804.6k $48.3m $48.3m 0.29% Added +782.4k +782,396
58 Opus Capital Group, LLC 5.22% of their portfolio CINCINNATI, OH 773,371773.4k $46.4m $46.4m 5.22% Added +32.8k +32,829
59 Cliffwater LLC 9.76% of their portfolio MARINA DEL REY, CA 772,030772.0k $46.3m $46.3m 9.76% Added +61.9k +61,943
60 Permanent Capital Management, LP 7.86% of their portfolio CHICAGO, IL 700,835700.8k $42.1m $42.1m 7.86% First filing
61 FLPUTNAM INVESTMENT MANAGEMENT CO 0.62% of their portfolio PORTLAND, ME 690,528690.5k $41.5m $41.5m 0.62% Added +50.4k +50,414
62 Kathmere Capital Management, LLC 2.92% of their portfolio WAYNE, PA 685,068685.1k $41.1m $41.1m 2.92% Added +45.0k +44,978
63 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 673,519673.5k $40.4m $40.4m 0.00% Added +54.4k +54,388
64 OAKWORTH CAPITAL, INC. 2.31% of their portfolio BIRMINGHAM, AL 666,246666.2k $40.0m $40.0m 2.31% Added +29.9k +29,915
65 ASSETMARK, INC 0.08% of their portfolio CONCORD, CA 658,039658.0k $39.5m $39.5m 0.08% Added +53.9k +53,855
66 Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio TOKYO, M0 645,200645.2k $38.7m $38.7m 0.03% Reduced -474.0k -474,000
67 SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio London, X0 641,705641.7k $38.5m $38.5m 0.03% Reduced -596.6k -596,628
68 Portland Global Advisors LLC 4.27% of their portfolio PORTLAND, ME 636,482636.5k $38.2m $38.2m 4.27% Added +14.6k +14,620
69 CREATIVE FINANCIAL DESIGNS INC /ADV 2.52% of their portfolio KOKOMO, IN 625,419625.4k $37.5m $37.5m 2.52% Added +228.6k +228,569
70 Kestra Advisory Services, LLC 0.17% of their portfolio AUSTIN, TX 616,766616.8k $37.0m $37.0m 0.17% Added +656 +656
71 JACKSON THORNTON WEALTH MANAGEMENT, LLC 3.71% of their portfolio MONTGOMERY, AL 610,431610.4k $36.6m $36.6m 3.71% Added +37.2k +37,201
72 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 597,058597.1k $35.9m $35.9m 0.05% Added +126.3k +126,343
73 MilWealth Group LLC 8.64% of their portfolio MILWAUKEE, WI 590,806590.8k $35.5m $35.5m 8.64% Added +22.6k +22,564
74 Alaethes Wealth, LLC 10.02% of their portfolio GLENBROOK, NV 588,864588.9k $35.3m $35.3m 10.02% Added +32.6k +32,596
75 ALBION FINANCIAL GROUP /UT 2.13% of their portfolio SALT LAKE CITY, UT 588,095588.1k $35.3m $35.3m 2.13% Added +31.3k +31,331
76 BIRCHBROOK, INC. 18.23% of their portfolio BANGOR, ME 587,320587.3k $35.3m $35.3m 18.23% Reduced -2.7k -2,655
77 Thrivent Financial for Lutherans 0.07% of their portfolio Minneapolis, MN 581,233581.2k $34.9m $34.9m 0.07% Added +529.7k +529,700
78 Private Advisor Group, LLC 0.17% of their portfolio MORRISTOWN, NJ 571,426571.4k $34.3m $34.3m 0.17% Reduced -4.2k -4,188
79 Sage Mountain Advisors LLC 1.97% of their portfolio ATLANTA, GA 571,403571.4k $34.3m $34.3m 1.97% Added +197.8k +197,819
80 Towneley Capital Management, Inc / DE 7.36% of their portfolio LAGUNA HILLS, CA 564,292564.3k $33.9m $33.9m 7.36% Added +8.4k +8,405
81 RWA WEALTH PARTNERS, LLC 0.38% of their portfolio BOSTON, MA 562,824562.8k $33.8m $33.8m 0.38% Reduced -130.9k -130,950
82 Sanctuary Advisors, LLC 0.10% of their portfolio INDIANAPOLIS, IN 543,534543.5k $32.5m $32.5m 0.10% Added +346.5k +346,486
83 BSW Wealth Partners 4.04% of their portfolio BOULDER, CO 540,773540.8k $32.5m $32.5m 4.04% Added +40.2k +40,226
84 GLOBALT Investments LLC / GA 1.18% of their portfolio Atlanta, GA 539,191539.2k $32.4m $32.4m 1.18% Reduced -13.8k -13,803
85 Nova R Wealth, Inc. 13.64% of their portfolio OVERLAND PARK, KS 535,986536.0k $32.2m $32.2m 13.64% Added +220.7k +220,745
86 Secure Asset Management, LLC 5.25% of their portfolio Troy, MI 530,150530.1k $31.8m $31.8m 5.25% Added +96.9k +96,936
87 MIDLAND WEALTH ADVISORS, LLC 1.69% of their portfolio EFFINGHAM, IL 526,079526.1k $31.6m $31.6m 1.69% Reduced -2.0m -1,982,642
88 Emprise Bank 13.53% of their portfolio WICHITA, KS 522,320522.3k $31.4m $31.4m 13.53% Added +52.3k +52,260
89 CAPTRUST FINANCIAL ADVISORS 0.06% of their portfolio RALEIGH, NC 513,522513.5k $30.8m $30.8m 0.06% Added +16.9k +16,875
90 Pathway Financial Advisors LLC 3.97% of their portfolio SOUTH BURLINGTON, VT 496,050496.1k $29.8m $29.8m 3.97% Reduced -4.8k -4,835
91 Roundview Capital LLC 1.86% of their portfolio PRINCETON, NJ 489,127489.1k $29.4m $29.4m 1.86% Added +3.1k +3,091
92 Vident Advisory, LLC 0.29% of their portfolio Alpharetta, GA 488,746488.7k $29.3m $29.3m 0.29% Added +21.3k +21,277
93 New York Life Investment Management LLC 0.25% of their portfolio New York, NY 471,782471.8k $28.3m $28.3m 0.25% Unchanged
94 RKL Wealth Management LLC 2.36% of their portfolio LANCASTER, PA 460,537460.5k $27.6m $27.6m 2.36% Added +9.5k +9,464
95 CYPRESS FINANCIAL PLANNING LLC 8.48% of their portfolio HADDON HEIGHTS, NJ 460,231460.2k $27.6m $27.6m 8.48% Added +27.7k +27,729
96 MATHER GROUP, LLC. 0.28% of their portfolio CHICAGO, IL 459,742459.7k $27.6m $27.6m 0.28% Added +3.1k +3,137
97 Mariner, LLC 0.03% of their portfolio Overland Park, KS 449,444449.4k $27.0m $27.0m 0.03% Added +14.4k +14,375
98 CAPE COD FIVE CENTS SAVINGS BANK 2.46% of their portfolio HYANNIS, MA 445,355445.4k $26.9m $26.9m 2.46% Unchanged
99 TRAPHAGEN INVESTMENT ADVISORS LLC 2.26% of their portfolio ORADELL, NJ 437,412437.4k $26.3m $26.3m 2.26% Reduced -8.3k -8,329
100 Vise Technologies, Inc. 0.96% of their portfolio NEW YORK, NY 428,583428.6k $25.7m $25.7m 0.96% Added +38.2k +38,202