Vault-13

VANGUARD SCOTTSDALE FDS VMBS

MTG-BKD SECS ETF · ETP · CUSIP 92206C771

634 institutional holders +3 vs Q2 2025
338,759,218338.8m shares reported held*
$15.9bnreported value*
57 new 298 added 188 reduced 45 sold out net bought ≈ $3.0bn (+64.8m 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 ($12.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.98.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 503Q4 22: 527Q1 23: 517Q2 23: 540Q3 23: 539Q4 23: 581Q1 24: 581Q2 24: 590Q3 24: 595Q4 24: 634Q1 25: 623Q2 25: 631Q3 25: 634634Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022503
Q4 2022527
Q1 2023517
Q2 2023540
Q3 2023539
Q4 2023581
Q1 2024581
Q2 2024590
Q3 2024595
Q4 2024634
Q1 2025623
Q2 2025631
Q3 2025634

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 293 bought or addedQ4 23: 238 cut or sold outQ1 24: 321 bought or addedQ1 24: 227 cut or sold outQ1 24Q2 24: 315 bought or addedQ2 24: 250 cut or sold outQ3 24: 344 bought or addedQ3 24: 239 cut or sold outQ3 24Q4 24: 348 bought or addedQ4 24: 229 cut or sold outQ1 25: 318 bought or addedQ1 25: 275 cut or sold outQ1 25Q2 25: 328 bought or addedQ2 25: 270 cut or sold outQ3 25: 355 bought or addedQ3 25: 233 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023293238
Q1 2024321227
Q2 2024315250
Q3 2024344239
Q4 2024348229
Q1 2025318275
Q2 2025328270
Q3 2025355233

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $4.6kQ1 25 puts: $527.9kQ1 25P/C 114.00Q2 25 calls: $537.5kQ2 25 puts: $528.3kQ2 25P/C 0.98Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$4.6k$527.9k114.00
Q2 2025$537.5k$528.3k0.98
Q3 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +52,177,381+52.2m
BANK OF AMERICA CORP /DE/ Added +4,468,416+4.5m
Angeles Investment Advisors, LLC New +1,923,500+1.9m
ENVESTNET ASSET MANAGEMENT INC Added +1,139,467+1.1m
WELLS FARGO & COMPANY/MN Added +992,332+992.3k
Sanctuary Advisors, LLC Added +695,515+695.5k
WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV Added +688,819+688.8k
Employees' Retirement Fund of the City of Fort Worth Added +636,400+636.4k
SEVEN MILE ADVISORY New +567,646+567.6k
STIFEL FINANCIAL CORP Added +417,050+417.1k

Biggest sellers

ROYAL BANK OF CANADA Reduced -1,519,364-1.5m
DEUTSCHE BANK AG\ Sold out -990,000-990.0k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -826,057-826.1k
Kestra Investment Management, LLC Reduced -714,750-714.8k
AMERIPRISE FINANCIAL INC Reduced -472,153-472.2k
Rockefeller Capital Management L.P. Reduced -364,868-364.9k
JANE STREET GROUP, LLC Sold out -167,192-167.2k
Freedom Investment Management, Inc. Reduced -151,091-151.1k
F/m Investments LLC Sold out -133,567-133.6k
Simplicity Wealth,LLC Reduced -86,249-86.2k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.15% of their portfolio NEW YORK, NY 101,848,280101.8m $4.8bn $4.8bn 0.15% Added +52.2m +52,177,381
2 BANK OF AMERICA CORP /DE/ 0.20% of their portfolio CHARLOTTE, NC 57,618,72057.6m $2.7bn $2.7bn 0.20% Added +4.5m +4,468,416
3 ENVESTNET ASSET MANAGEMENT INC 0.30% of their portfolio Berwyn, PA 22,220,95522.2m $1.0bn $1.0bn 0.30% Added +1.1m +1,139,467
4 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 10,336,24310.3m $485.4m $485.4m 0.09% Added +253.8k +253,782
5 ASSETMARK, INC 0.89% of their portfolio CONCORD, CA 8,839,0278.8m $415.1m $415.1m 0.89% Added +224.7k +224,746
6 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 8,164,1278.2m $383.4m $383.4m 0.08% Added +992.3k +992,332
7 MATHER GROUP, LLC. 3.21% of their portfolio CHICAGO, IL 6,778,5196.8m $318.3m $318.3m 3.21% Added +307.7k +307,671
8 STIFEL FINANCIAL CORP 0.27% of their portfolio ST. LOUIS, MO 6,271,6666.3m $294.5m $294.5m 0.27% Added +417.1k +417,050
9 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 6,154,4406.2m $289.0m $289.0m 0.08% Added +49.6k +49,616
10 RAYMOND JAMES FINANCIAL INC 0.08% of their portfolio ST. PETERSBURG, FL 5,627,6445.6m $264.3m $264.3m 0.08% Reduced -61.1k -61,125
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,741,1514.7m $222.6m $222.6m 0.01% Added +142.9k +142,864
12 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 4,492,5114.5m $210.9m $210.9m 0.05% Reduced -472.2k -472,153
13 TD PRIVATE CLIENT WEALTH LLC 4.73% of their portfolio NEW YORK, NY 4,470,6964.5m $209.9m $209.9m 4.73% Added +329.3k +329,333
14 LINCOLN NATIONAL CORP 4.89% of their portfolio RADNOR, PA 3,654,2203.7m $171.6m $171.6m 4.89% Added +201.9k +201,939
15 Envestnet Portfolio Solutions, Inc. 0.62% of their portfolio BERWYN, PA 3,594,3483.6m $168.8m $168.8m 0.62% Added +47.4k +47,444
16 Clearstead Advisors, LLC 1.74% of their portfolio CLEVELAND, OH 2,550,7032.6m $119.8m $119.8m 1.74% Added +374.9k +374,910
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,469,7442.5m $116.0m $116.0m 0.02% Reduced -826.1k -826,057
18 NorthCoast Asset Management LLC 0.42% of their portfolio STAMFORD, CT 2,271,9322.3m $106.7m $106.7m 0.42% Reduced -27.9k -27,925
19 KEYBANK NATIONAL ASSOCIATION/OH 0.37% of their portfolio BROOKLYN, OH 2,246,4612.2m $105.5m $105.5m 0.37% Added +69.0k +68,956
20 Angeles Investment Advisors, LLC 5.93% of their portfolio SANTA MONICA, CA 1,923,5001.9m $90.3m $90.3m 5.93% New
21 Acropolis Investment Management, LLC 4.08% of their portfolio ST. LOUIS, MO 1,732,1871.7m $80.3m $80.3m 4.08% Added +73.2k +73,214
22 CASTLEARK MANAGEMENT LLC 2.25% of their portfolio CHICAGO, IL 1,705,5401.7m $80.1m $80.1m 2.25% Unchanged
23 Financial Engines Advisors L.L.C. 0.15% of their portfolio SANTA CLARA, CA 1,637,2301.6m $76.9m $76.9m 0.15% Added +146.2k +146,164
24 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,633,3881.6m $76.7m $76.7m 0.01% Reduced -1.5m -1,519,364
25 Valmark Advisers, Inc. 0.92% of their portfolio AKRON, OH 1,507,1681.5m $70.8m $70.8m 0.92% Added +64.3k +64,338
26 Ally Invest Advisors Inc. 4.37% of their portfolio CHARLOTTE, NC 1,297,3631.3m $60.9m $60.9m 4.37% Added +63.9k +63,854
27 First Interstate Bank 3.29% of their portfolio Billings, MT 1,268,3961.3m $59.6m $59.6m 3.29% Added +25.7k +25,655
28 Cambridge Investment Research Advisors, Inc. 0.16% of their portfolio FAIRFIELD, IA 1,231,4411.2m $57.8m $57.8m 0.16% Added +14.0k +13,984
29 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 1,224,7271.2m $57.5m $57.5m 0.09% Added +41.1k +41,115
30 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 1,215,6181.2m $57.1m $57.1m 0.07% Added +200.5k +200,522
31 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 1,149,5641.1m $54.0m $54.0m 0.06% Added +103.5k +103,500
32 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 1,125,4091.1m $52.8m $52.8m 0.07% Added +159.9k +159,886
33 Kestra Investment Management, LLC 1.39% of their portfolio AUSTIN, TX 1,105,7461.1m $51.9m $51.9m 1.39% Reduced -714.8k -714,750
34 Sanctuary Advisors, LLC 0.14% of their portfolio INDIANAPOLIS, IN 1,005,9641.0m $46.8m $46.8m 0.14% Added +695.5k +695,515
35 Bell Investment Advisors, Inc 7.68% of their portfolio ORINDA, CA 1,001,4071.0m $47.0m $47.0m 7.68% Added +46.8k +46,752
36 BANK OF HAWAII 2.33% of their portfolio HONOLULU, HI 994,794994.8k $46.7m $46.7m 2.33% Added +15.2k +15,185
37 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 943,031943.0k $44.3m $44.3m 0.03% Reduced -19 -19
38 First Financial Bankshares Inc 0.90% of their portfolio Abilene, TX 935,087935.1k $43.9m $43.9m 0.90% Added +12.7k +12,675
39 Merit Financial Group, LLC 0.39% of their portfolio ALPHARETTA, GA 909,795909.8k $42.7m $42.7m 0.39% Added +284.1k +284,118
40 UBS Group AG 0.01% of their portfolio ZURICH, V8 905,293905.3k $42.5m $42.5m 0.01% Added +32.2k +32,151
41 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 897,210897.2k $42.1m $42.1m 0.10% Added +65.6k +65,563
42 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 2.78% of their portfolio NEW YORK, NY 872,171872.2k $41.0m $41.0m 2.78% Added +17.2k +17,205
43 Employees' Retirement Fund of the City of Fort Worth 9.64% of their portfolio FORT WORTH, TX 836,400836.4k $39.3m $39.3m 9.64% Added +636.4k +636,400
44 Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio TOKYO, M0 824,100824.1k $38.7m $38.7m 0.03% Reduced -27.2k -27,200
45 Garde Capital, Inc. 1.92% of their portfolio SEATTLE, WA 813,559813.6k $38.2m $38.2m 1.92% Added +93.5k +93,514
46 Bell Bank 1.58% of their portfolio FARGO, ND 778,461778.5k $36.6m $36.6m 1.58% Added +331.9k +331,869
47 1832 Asset Management L.P. 0.06% of their portfolio TORONTO, A6 770,324770.3k $36.2m $36.2m 0.06% Reduced -3.7k -3,748
48 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 5.26% of their portfolio BERMUDA RUN, NC 688,887688.9k $32.4m $32.4m 5.26% Added +688.8k +688,819
49 POWER WEALTH MANAGEMENT LLC 11.39% of their portfolio ALPHARETTA, GA 666,078666.1k $31.3m $31.3m 11.39% Added +47.4k +47,443
50 SOFI WEALTH, LLC 1.65% of their portfolio SAN FRANCISCO, CA 653,401653.4k $30.7m $30.7m 1.65% Added +73.5k +73,503
51 MANNING & NAPIER ADVISORS LLC 0.37% of their portfolio Fairport, NY 611,806611.8k $28.8m $28.8m 0.37% Added +28.3k +28,322
52 Orion Porfolio Solutions, LLC 0.22% of their portfolio OMAHA, NE 600,243600.2k $28.2m $28.2m 0.22% Added +12.0k +12,006
53 BlueStem Wealth Partners, LLC 3.21% of their portfolio MINNETONKA, MN 597,332597.3k $28.1m $28.1m 3.21% Added +50.7k +50,651
54 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.37% of their portfolio CINCINNATI, OH 590,937590.9k $27.8m $27.8m 0.37% Reduced -16.8k -16,801
55 SEVEN MILE ADVISORY 4.30% of their portfolio TALLAHASSEE, FL 567,646567.6k $26.7m $26.7m 4.30% New
56 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 555,126555.1k $26.1m $26.1m 0.04% Added +16.0k +15,975
57 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 542,161542.2k $25.5m $25.5m 0.05% Reduced -364.9k -364,868
58 Intelligence Driven Advisers, LLC 3.51% of their portfolio CARLSBAD, CA 539,655539.7k $25.3m $25.3m 3.51% Added +36.4k +36,404
59 HBK Sorce Advisory LLC 0.62% of their portfolio ERIE, PA 528,346528.3k $24.9m $24.9m 0.62% Added +70.6k +70,640
60 Pathstone Holdings, LLC 0.09% of their portfolio ENGLEWOOD, NJ 506,632506.6k $23.8m $23.8m 0.09% Added +21.2k +21,227
61 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 494,649494.6k $23.2m $23.2m 0.06% Reduced -12.2k -12,183
62 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 478,516478.5k $22.5m $22.5m 0.03% Reduced -1.8k -1,754
63 SeaBridge Investment Advisors LLC 3.63% of their portfolio SUMMIT, NJ 475,743475.7k $22.3m $22.3m 3.63% Added +159.6k +159,625
64 ST GERMAIN D J CO INC 0.88% of their portfolio SPRINGFIELD, MA 468,238468.2k $22.0m $22.0m 0.88% Reduced -3.3k -3,336
65 1607 Capital Partners, LLC 1.66% of their portfolio Richmond, VA 468,155468.2k $22.0m $22.0m 1.66% Reduced -22.5k -22,500
66 Zurich Insurance Group Ltd/FI 0.16% of their portfolio ZURICH, V8 467,648467.6k $22.0m $22.0m 0.16% Unchanged
67 Jaffetilchin Investment Partners, LLC 1.22% of their portfolio TAMPA, FL 432,791432.8k $20.3m $20.3m 1.22% Added +26.1k +26,118
68 COURIER CAPITAL LLC 1.15% of their portfolio BUFFALO, NY 426,599426.6k $20.0m $20.0m 1.15% Added +2.3k +2,296
69 United Asset Strategies, Inc. 1.52% of their portfolio GARDEN CITY, NY 404,052404.1k $19.0m $19.0m 1.52% Added +67.6k +67,572
70 Connecticut Wealth Management, LLC 0.83% of their portfolio FARMINGTON, CT 396,868396.9k $18.6m $18.6m 0.83% Reduced -27.0k -27,030
71 RKL Wealth Management LLC 1.58% of their portfolio LANCASTER, PA 395,522395.5k $18.6m $18.6m 1.58% Added +33.7k +33,716
72 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 394,092394.1k $18.5m $18.5m 0.02% Reduced -15.7k -15,694
73 PROFFITT & GOODSON INC 2.65% of their portfolio KNOXVILLE, TN 392,837392.8k $18.4m $18.4m 2.65% Added +15.4k +15,402
74 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 380,326380.3k $17.9m $17.9m 0.01% Added +47.8k +47,792
75 Allworth Financial LP 0.08% of their portfolio FOLSOM, CA 377,437377.4k $17.7m $17.7m 0.08% Reduced -8.9k -8,852
76 Quantum Financial Advisors, LLC 2.14% of their portfolio SANTA MONICA, CA 373,096373.1k $17.5m $17.5m 2.14% Added +14.3k +14,261
77 Whitcomb & Hess, Inc. 4.40% of their portfolio ASHLAND, OH 364,454364.5k $17.1m $17.1m 4.40% Added +32.0k +32,048
78 CreativeOne Wealth, LLC 0.41% of their portfolio OVERLAND PARK, KS 358,241358.2k $16.8m $16.8m 0.41% Added +2.9k +2,899
79 OBSIDIAN CIO, LLC 2.13% of their portfolio NEW YORK, NY 345,173345.2k $16.2m $16.2m 2.13% Added +22.4k +22,440
80 Diversify Advisory Services, LLC 0.53% of their portfolio SANDY, UT 337,981338.0k $15.9m $15.9m 0.53% Added +100.3k +100,296
81 CAPITAL INSIGHT PARTNERS, LLC 2.62% of their portfolio SCOTTSDALE, AZ 336,727336.7k $15.8m $15.8m 2.62% Reduced -3.8k -3,778
82 Windward Private Wealth Management Inc. 5.37% of their portfolio OVERLAND PARK, KS 331,517331.5k $15.6m $15.6m 5.37% Added +1.9k +1,874
83 Savvy Advisors, Inc. 0.70% of their portfolio NEW YORK, NY 325,880325.9k $15.3m $15.3m 0.70% Added +125.6k +125,559
84 Vectors Research Management, LLC 4.81% of their portfolio New York, NY 324,752324.8k $15.3m $15.3m 4.81% Reduced -15.1k -15,104
85 NewEdge Advisors, LLC 0.07% of their portfolio NEW ORLEANS, LA 323,941323.9k $15.2m $15.2m 0.07% Added +9.0k +8,954
86 STERLING INVESTMENT MANAGEMENT, LLC 9.14% of their portfolio TUCSON, AZ 323,900323.9k $15.2m $15.2m 9.14% Added +93.5k +93,512
87 STALEY CAPITAL ADVISERS INC 0.62% of their portfolio PITTSBURGH, PA 318,975319.0k $15.0m $15.0m 0.62% Reduced -2.0k -2,000
88 Clark Asset Management, LLC 1.69% of their portfolio STRATHAM, NH 309,551309.6k $14.5m $14.5m 1.69% Added +27.7k +27,734
89 Robinswood Financial LLC 4.79% of their portfolio KIRKLAND, WA 306,019306.0k $14.4m $14.4m 4.79% Added +6.6k +6,647
90 MA Private Wealth 2.41% of their portfolio SAN CARLOS, CA 305,145305.1k $14.3m $14.3m 2.41% Reduced -4.1k -4,146
91 Betterment LLC 0.03% of their portfolio NEW YORK, NY 301,959302.0k $14.2m $14.2m 0.03% Added +11.0k +10,971
92 Family CFO Inc 6.43% of their portfolio LOS ALTOS, CA 297,194297.2k $14.0m $14.0m 6.43% Added +22.4k +22,368
93 NorthRock Partners, LLC 0.25% of their portfolio MINNEAPOLIS, MN 290,491290.5k $13.6m $13.6m 0.25% New
94 First National Trust Co 0.47% of their portfolio Johnstown, PA 290,258290.3k $13.6m $13.6m 0.47% Reduced -4.3k -4,304
95 WEBSTERROGERS FINANCIAL ADVISORS, LLC 3.92% of their portfolio FLORENCE, SC 278,526278.5k $13.1m $13.1m 3.92% Added +18.6k +18,566
96 1834 INVESTMENT ADVISORS CO 1.56% of their portfolio Milwaukee, WI 270,166270.2k $12.7m $12.7m 1.56% Added +16.7k +16,663
97 Perigon Wealth Management, LLC 0.26% of their portfolio SAN FRANCISCO, CA 268,947268.9k $12.6m $12.6m 0.26% Added +24.9k +24,920
98 FLC Capital Advisors 2.36% of their portfolio PALM DESERT, CA 259,347259.3k $12.2m $12.2m 2.36% Added +6.7k +6,660
99 Strategic Blueprint, LLC 0.53% of their portfolio ATLANTA, GA 258,638258.6k $12.1m $12.1m 0.53% Added +28.0k +28,030
100 FEDERATED HERMES, INC. 0.02% of their portfolio PITTSBURGH, PA 254,320254.3k $11.9m $11.9m 0.02% Added +17.2k +17,200