Vault-13

VANGUARD SCOTTSDALE FDS VGIT

INTER TERM TREAS · ETP · CUSIP 92206C706

930 institutional holders +109 vs Q3 2025
438,008,595438.0m shares reported held*
$27.1bnreported value*
97 new 461 added 187 reduced 43 sold out net sold ≈ $2.1bn (-25.8m 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 ($144.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.82.

Trends to Q4 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: 821Q4 25: 930930Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025930

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 24: 408 bought or addedQ1 24: 262 cut or sold outQ2 24: 402 bought or addedQ2 24: 234 cut or sold outQ2 24Q3 24: 445 bought or addedQ3 24: 229 cut or sold outQ4 24: 441 bought or addedQ4 24: 277 cut or sold outQ4 24Q1 25: 457 bought or addedQ1 25: 312 cut or sold outQ2 25: 468 bought or addedQ2 25: 320 cut or sold outQ2 25Q3 25: 472 bought or addedQ3 25: 284 cut or sold outQ4 25: 558 bought or addedQ4 25: 230 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024408262
Q2 2024402234
Q3 2024445229
Q4 2024441277
Q1 2025457312
Q2 2025468320
Q3 2025472284
Q4 2025558230

Calls vs puts

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

CallsPuts
$0$250k$500k$750k$1mQ1 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 1.35Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$522.7k$828.0k1.58
Q2 2025$640.0k$562.2k0.88
Q3 2025$240.1k$324.2k1.35
Q4 2025$0$0—

Biggest buyers

Corient Private Wealth LP Added +12,221,631+12.2m
Focus Partners Wealth Added +3,095,022+3.1m
MORGAN STANLEY Added +2,778,949+2.8m
SCS Capital Management LLC Added +1,805,448+1.8m
NEPC LLC Added +1,665,190+1.7m
BANK OF AMERICA CORP /DE/ Added +1,647,700+1.6m
Empower Advisory Group, LLC Added +1,464,575+1.5m
Perigon Wealth Management, LLC Added +1,461,940+1.5m
Acropolis Investment Management, LLC Added +1,434,397+1.4m
Creative Planning Added +1,399,393+1.4m

Biggest sellers

JPMORGAN CHASE & CO Reduced -66,307,094-66.3m
Focus Partners Advisor Solutions, LLC Reduced -4,607,067-4.6m
Employees Retirement System of Texas Reduced -1,664,000-1.7m
NorthCoast Asset Management LLC Reduced -888,009-888.0k
Blue Trust, Inc. Reduced -778,044-778.0k
FMR LLC Reduced -460,977-461.0k
Sanctuary Advisors, LLC Reduced -358,527-358.5k
Summit Trail Advisors, LLC Reduced -262,356-262.4k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -239,005-239.0k
Garde Capital, Inc. Sold out -190,206-190.2k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.31% of their portfolio NEW YORK, NY 77,294,13877.3m $4.6bn $4.6bn 0.31% Reduced -66.3m -66,307,094
2 BANK OF AMERICA CORP /DE/ 0.22% of their portfolio CHARLOTTE, NC 51,409,29651.4m $3.1bn $3.1bn 0.22% Added +1.6m +1,647,700
3 MORGAN STANLEY 0.08% of their portfolio NEW YORK, NY 22,609,00322.6m $1.4bn $1.4bn 0.08% Added +2.8m +2,778,949
4 Employees Retirement System of Texas 10.84% of their portfolio AUSTIN, TX 22,211,00022.2m $1.3bn $1.3bn 10.84% Reduced -1.7m -1,664,000
5 Empower Advisory Group, LLC 3.54% of their portfolio Greenwood Village, CO 21,891,84121.9m $1.3bn $1.3bn 3.54% Added +1.5m +1,464,575
6 Creative Planning 0.77% of their portfolio OVERLAND PARK, KS 17,856,34617.9m $1.1bn $1.1bn 0.77% Added +1.4m +1,399,393
7 SCS Capital Management LLC 10.62% of their portfolio BOSTON, MA 16,724,64516.7m $1.0bn $1.0bn 10.62% Added +1.8m +1,805,448
8 Corient Private Wealth LP 0.29% of their portfolio MIAMI, FL 15,238,07315.2m $424.1m $424.1m 0.29% Added +12.2m +12,221,631
9 Focus Partners Wealth 0.86% of their portfolio ST LOUIS, MO 12,566,50812.6m $753.1m $753.1m 0.86% Added +3.1m +3,095,022
10 NEPC LLC 10.39% of their portfolio Boston, MA 8,137,8378.1m $487.7m $487.7m 10.39% Added +1.7m +1,665,190
11 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 7,898,6127.9m $473.4m $473.4m 0.11% Added +161.8k +161,812
12 Blue Trust, Inc. 4.25% of their portfolio BRENTWOOD, TN 6,270,1296.3m $375.8m $375.8m 4.25% Reduced -778.0k -778,044
13 MASECO LLP 16.00% of their portfolio LONDON, X0 6,133,9236.1m $367.6m $367.6m 16.00% Added +269.8k +269,774
14 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 5.47% of their portfolio BOSTON, MA 5,577,3465.6m $334.3m $334.3m 5.47% Added +82.1k +82,081
15 Heritage Financial Services, LLC 26.03% of their portfolio Westwood, MA 5,202,7605.2m $311.8m $311.8m 26.03% Added +793.3k +793,311
16 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,950,0005.0m $296.7m $296.7m 0.01% Unchanged
17 FMR LLC 0.01% of their portfolio BOSTON, MA 4,868,3624.9m $291.8m $291.8m 0.01% Reduced -461.0k -460,977
18 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 4,368,5964.4m $261.8m $261.8m 0.08% Added +532.1k +532,078
19 Cerity Partners LLC 0.37% of their portfolio NEW YORK, NY 4,222,0614.2m $253.0m $253.0m 0.37% Added +406.6k +406,627
20 Fisher Asset Management, LLC 0.07% of their portfolio PLANO, TX 3,501,5993.5m $209.9m $209.9m 0.07% Added +69.4k +69,443
21 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 3,482,9853.5m $208.7m $208.7m 0.04% Added +774.4k +774,413
22 UBS Group AG 0.04% of their portfolio ZURICH, V8 3,243,3193.2m $194.4m $194.4m 0.04% Added +257.4k +257,370
23 HighTower Advisors, LLC 0.21% of their portfolio CHICAGO, IL 3,186,1593.2m $190.9m $190.9m 0.21% Added +431.6k +431,569
24 Valmark Advisers, Inc. 2.30% of their portfolio AKRON, OH 3,106,0423.1m $186.1m $186.1m 2.30% Added +92.7k +92,729
25 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 3,049,5423.0m $182.8m $182.8m 0.06% Added +171.4k +171,398
26 Strategic Financial Services, Inc. 7.33% of their portfolio UTICA, NY 2,653,1412.7m $158.9m $158.9m 7.33% Added +320.1k +320,097
27 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.30% of their portfolio MINNEAPOLIS, MN 2,541,4972.5m $152.3m $152.3m 2.30% Added +192.6k +192,610
28 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 2,477,2652.5m $148.5m $148.5m 0.04% Added +469.9k +469,950
29 Foster Group, Inc. 4.48% of their portfolio WEST DES MOINES, IA 2,470,6282.5m $148.1m $148.1m 4.48% Added +132.0k +132,043
30 Bangor Savings Bank 9.89% of their portfolio BANGOR, ME 2,050,8102.1m $122.9m $122.9m 9.89% Added +166.2k +166,223
31 Valeo Financial Advisors, LLC 2.30% of their portfolio CARMEL, IN 1,865,4451.9m $103.5m $103.5m 2.30% Added +232.5k +232,537
32 Focus Partners Advisor Solutions, LLC 1.34% of their portfolio SAINT LOUIS, MO 1,822,2461.8m $109.2m $109.2m 1.34% Reduced -4.6m -4,607,067
33 First Interstate Bank 5.56% of their portfolio Billings, MT 1,729,9641.7m $103.7m $103.7m 5.56% Added +52.0k +52,037
34 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 1,609,9441.6m $96.5m $96.5m 0.02% Added +766.2k +766,235
35 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,595,3581.6m $95.6m $95.6m 0.02% Reduced -20.4k -20,377
36 Cetera Investment Advisers 0.10% of their portfolio SCHAUMBURG, IL 1,567,2841.6m $93.9m $93.9m 0.10% Added +84.7k +84,736
37 Acropolis Investment Management, LLC 4.06% of their portfolio ST. LOUIS, MO 1,507,6051.5m $90.4m $90.4m 4.06% Added +1.4m +1,434,397
38 OLD NATIONAL BANCORP /IN/ 1.48% of their portfolio EVANSVILLE, IN 1,488,8321.5m $89.2m $89.2m 1.48% Added +6.6k +6,609
39 Perigon Wealth Management, LLC 1.58% of their portfolio SAN FRANCISCO, CA 1,476,6041.5m $88.5m $88.5m 1.58% Added +1.5m +1,461,940
40 Badgley Phelps Wealth Managers, LLC 1.60% of their portfolio SEATTLE, WA 1,457,1431.5m $87.3m $87.3m 1.60% Reduced -51.6k -51,570
41 COLDSTREAM CAPITAL MANAGEMENT INC 1.10% of their portfolio BELLEVUE, WA 1,423,4001.4m $85.3m $85.3m 1.10% Added +19.4k +19,428
42 Tanglewood Wealth Management, Inc. 7.72% of their portfolio HOUSTON, TX 1,405,1431.4m $84.2m $84.2m 7.72% Added +35.4k +35,392
43 BURNEY CO/ 2.46% of their portfolio RESTON, VA 1,318,4881.3m $79.0m $79.0m 2.46% Added +53.2k +53,200
44 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 1,307,8551.3m $78.4m $78.4m 0.05% Added +282.6k +282,625
45 Retirement Systems of Alabama 0.25% of their portfolio MONTGOMERY, AL 1,269,1601.3m $76.1m $76.1m 0.25% Added +422.4k +422,445
46 Sand Hill Global Advisors, LLC 2.52% of their portfolio Palo Alto, CA 1,206,2891.2m $72.3m $72.3m 2.52% Added +77.4k +77,447
47 Miller Investment Management, LP 6.97% of their portfolio WEST CONSHOHOCKEN, PA 1,190,9501.2m $71.4m $71.4m 6.97% Added +1.2m +1,168,632
48 Hanson & Doremus Investment Management 8.05% of their portfolio BURLINGTON, VT 1,117,5251.1m $67.0m $67.0m 8.05% Added +88.9k +88,859
49 PROFFITT & GOODSON INC 9.13% of their portfolio KNOXVILLE, TN 1,090,5111.1m $65.4m $65.4m 9.13% Added +73.5k +73,517
50 Cardinal Point Capital Management ULC 4.26% of their portfolio TORONTO, A6 1,088,0411.1m $65.2m $65.2m 4.26% Added +97.0k +97,007
51 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 1,084,0831.1m $65.0m $65.0m 0.09% Reduced -6.9k -6,871
52 LIBRA WEALTH LLC 17.68% of their portfolio LOS GATOS, CA 1,054,7071.1m $63.2m $63.2m 17.68% Added +75.2k +75,150
53 RiverFront Investment Group, LLC 1.03% of their portfolio RICHMOND, VA 1,044,9231.0m $62.6m $62.6m 1.03% Added +7.9k +7,932
54 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 1,039,2271.0m $62.3m $62.3m 0.01% New
55 NORTHWEST WEALTH MANAGEMENT, LLC 8.82% of their portfolio SPENCER, IA 935,060935.1k $56.0m $56.0m 8.82% Added +118.9k +118,929
56 BRANDYWINE OAK PRIVATE WEALTH LLC 4.56% of their portfolio Kennett Square, PA 907,478907.5k $54.4m $54.4m 4.56% Added +13.0k +13,048
57 Summit Trail Advisors, LLC 0.87% of their portfolio NEW YORK, NY 843,892843.9k $50.6m $50.6m 0.87% Reduced -262.4k -262,356
58 Opus Capital Group, LLC 5.24% of their portfolio CINCINNATI, OH 806,875806.9k $48.4m $48.4m 5.24% Added +33.5k +33,504
59 Jordan Park Group LLC 2.79% of their portfolio SAN FRANCISCO, CA 804,601804.6k $48.2m $48.2m 2.79% Reduced -80.9k -80,933
60 AlphaQuest LLC 2.70% of their portfolio New York, NY 803,838803.8k $48.2m $48.2m 2.70% Added +695.7k +695,732
61 Cliffwater LLC 9.71% of their portfolio MARINA DEL REY, CA 772,030772.0k $46.3m $46.3m 9.71% Unchanged
62 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 745,978746.0k $44.7m $44.7m 0.00% Added +72.5k +72,459
63 OAKWORTH CAPITAL, INC. 2.42% of their portfolio BIRMINGHAM, AL 740,593740.6k $44.4m $44.4m 2.42% Added +74.3k +74,347
64 FLPUTNAM INVESTMENT MANAGEMENT CO 0.64% of their portfolio PORTLAND, ME 739,175739.2k $44.3m $44.3m 0.64% Added +48.6k +48,647
65 3EDGE Asset Management, LP 2.28% of their portfolio Naples, FL 732,852732.9k $44.0m $44.0m 2.28% Added +401.9k +401,918
66 Kestra Advisory Services, LLC 0.18% of their portfolio AUSTIN, TX 717,518717.5k $43.0m $43.0m 0.18% Added +100.8k +100,752
67 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 715,233715.2k $42.9m $42.9m 0.11% Added +297.1k +297,086
68 CAPTRUST FINANCIAL ADVISORS 0.08% of their portfolio RALEIGH, NC 715,010715.0k $42.9m $42.9m 0.08% Added +201.5k +201,488
69 CREATIVE FINANCIAL DESIGNS INC /ADV 2.54% of their portfolio KOKOMO, IN 672,994673.0k $40.3m $40.3m 2.54% Added +47.6k +47,575
70 ASSETMARK, INC 0.08% of their portfolio CONCORD, CA 668,288668.3k $40.1m $40.1m 0.08% Added +10.2k +10,249
71 Portland Global Advisors LLC 4.22% of their portfolio PORTLAND, ME 656,370656.4k $39.3m $39.3m 4.22% Added +19.9k +19,888
72 Kathmere Capital Management, LLC 2.62% of their portfolio WAYNE, PA 647,825647.8k $38.8m $38.8m 2.62% Reduced -37.2k -37,243
73 Savant Capital, LLC 0.22% of their portfolio ROCKFORD, IL 646,119646.1k $38.7m $38.7m 0.22% Reduced -158.4k -158,437
74 Private Advisor Group, LLC 0.18% of their portfolio MORRISTOWN, NJ 640,448640.4k $38.4m $38.4m 0.18% Added +69.0k +69,022
75 Sage Mountain Advisors LLC 2.03% of their portfolio ATLANTA, GA 639,752639.8k $38.3m $38.3m 2.03% Added +68.3k +68,349
76 JACKSON THORNTON WEALTH MANAGEMENT, LLC 3.61% of their portfolio MONTGOMERY, AL 637,281637.3k $38.2m $38.2m 3.61% Added +26.9k +26,850
77 Kestra Investment Management, LLC 0.91% of their portfolio AUSTIN, TX 623,771623.8k $37.4m $37.4m 0.91% Added +260.3k +260,346
78 MilWealth Group LLC 8.79% of their portfolio MILWAUKEE, WI 616,356616.4k $36.9m $36.9m 8.79% Added +25.6k +25,550
79 ALBION FINANCIAL GROUP /UT 2.29% of their portfolio SALT LAKE CITY, UT 614,025614.0k $36.8m $36.8m 2.29% Added +25.9k +25,930
80 Nova R Wealth, Inc. 13.36% of their portfolio OVERLAND PARK, KS 611,475611.5k $36.6m $36.6m 13.36% Added +75.5k +75,489
81 BIRCHBROOK, INC. 17.97% of their portfolio BANGOR, ME 601,274601.3k $36.0m $36.0m 17.97% Added +14.0k +13,954
82 Vident Advisory, LLC 0.34% of their portfolio Alpharetta, GA 597,624597.6k $35.8m $35.8m 0.34% Added +108.9k +108,878
83 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 592,605592.6k $35.5m $35.5m 0.05% Reduced -4.5k -4,453
84 Alaethes Wealth, LLC 9.96% of their portfolio GLENBROOK, NV 590,611590.6k $35.4m $35.4m 9.96% Added +1.7k +1,747
85 Permanent Capital Management, LP 6.89% of their portfolio CHICAGO, IL 590,480590.5k $35.4m $35.4m 6.89% Reduced -110.4k -110,355
86 MASTER'S WEALTH MANAGEMENT INC. 12.57% of their portfolio LANCASTER, PA 583,422583.4k $35.0m $35.0m 12.57% New
87 CYPRESS FINANCIAL PLANNING LLC 9.70% of their portfolio HADDON HEIGHTS, NJ 578,081578.1k $34.7m $34.7m 9.70% Added +117.8k +117,850
88 Towneley Capital Management, Inc / DE 7.26% of their portfolio LAGUNA HILLS, CA 574,729574.7k $34.4m $34.4m 7.26% Added +10.4k +10,437
89 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 572,848572.8k $34.3m $34.3m 0.06% Added +259.8k +259,816
90 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 570,261570.3k $34.2m $34.2m 0.06% Reduced -11.0k -10,972
91 BSW Wealth Partners 4.06% of their portfolio BOULDER, CO 564,060564.1k $33.8m $33.8m 4.06% Added +23.3k +23,287
92 Evergreen Advisors, LLC 8.18% of their portfolio CHATTANOOGA, TN 559,518559.5k $33.5m $33.5m 8.18% First filing
93 Secure Asset Management, LLC 5.25% of their portfolio Troy, MI 556,162556.2k $33.3m $33.3m 5.25% Added +26.0k +26,012
94 Emprise Bank 13.83% of their portfolio WICHITA, KS 555,388555.4k $33.3m $33.3m 13.83% Added +33.1k +33,068
95 PARTNERS CAPITAL INVESTMENT GROUP, LLP 1.22% of their portfolio BOSTON, MA 546,946546.9k $32.8m $32.8m 1.22% Added +220.9k +220,882
96 GLOBALT Investments LLC / GA 1.17% of their portfolio Atlanta, GA 535,142535.1k $32.1m $32.1m 1.17% Reduced -4.0k -4,049
97 Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio TOKYO, M0 516,700516.7k $31.0m $31.0m 0.02% Reduced -128.5k -128,500
98 Pathway Financial Advisors LLC 3.84% of their portfolio SOUTH BURLINGTON, VT 509,525509.5k $30.6m $30.6m 3.84% Added +13.5k +13,475
99 BlackRock, Inc. 0.00% of their portfolio New York, NY 506,305506.3k $30.3m $30.3m 0.00% Added +443.6k +443,552
100 RWA WEALTH PARTNERS, LLC 0.33% of their portfolio BOSTON, MA 500,899500.9k $30.0m $30.0m 0.33% Reduced -61.9k -61,925