Vault-13

VANGUARD SCOTTSDALE FDS VMBS

MTG-BKD SECS ETF · ETP · CUSIP 92206C771

697 institutional holders +63 vs Q3 2025
275,128,277275.1m shares reported held*
$13.0bnreported value*
72 new 307 added 183 reduced 43 sold out net sold ≈ $3.0bn (-64.5m 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 ($28.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $47.09. Options: 1 managers hold calls ($291.9k notional), 0 hold puts (—).

Trends to Q4 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: 634Q4 25: 697697Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025697

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 321 bought or addedQ1 24: 227 cut or sold outQ2 24: 315 bought or addedQ2 24: 250 cut or sold outQ2 24Q3 24: 344 bought or addedQ3 24: 239 cut or sold outQ4 24: 348 bought or addedQ4 24: 229 cut or sold outQ4 24Q1 25: 318 bought or addedQ1 25: 275 cut or sold outQ2 25: 328 bought or addedQ2 25: 270 cut or sold outQ2 25Q3 25: 355 bought or addedQ3 25: 233 cut or sold outQ4 25: 379 bought or addedQ4 25: 226 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024321227
Q2 2024315250
Q3 2024344239
Q4 2024348229
Q1 2025318275
Q2 2025328270
Q3 2025355233
Q4 2025379226

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ1 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 —Q4 25 calls: $291.9kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$4.6k$527.9k114.00
Q2 2025$537.5k$528.3k0.98
Q3 2025$0$0—
Q4 2025$291.9k$00.00

Biggest buyers

Focus Partners Wealth New +2,409,074+2.4m
BANK OF AMERICA CORP /DE/ Added +2,147,360+2.1m
STIFEL FINANCIAL CORP Added +2,026,709+2.0m
Alesco Advisors, LLC, An ESL Co New +1,527,417+1.5m
WELLS FARGO & COMPANY/MN Added +843,178+843.2k
NorthRock Partners, LLC Added +667,185+667.2k
UBS Group AG Added +571,814+571.8k
Goodman Financial Corp New +501,461+501.5k
TD PRIVATE CLIENT WEALTH LLC Added +488,878+488.9k
AMERIPRISE FINANCIAL INC Added +442,649+442.6k

Biggest sellers

JPMORGAN CHASE & CO Reduced -77,267,378-77.3m
NorthCoast Asset Management LLC Sold out -2,271,932-2.3m
Acropolis Investment Management, LLC Reduced -995,776-995.8k
Sanctuary Advisors, LLC Reduced -829,997-830.0k
Garde Capital, Inc. Sold out -813,559-813.6k
BlueStem Wealth Partners, LLC Sold out -597,332-597.3k
Kestra Investment Management, LLC Reduced -411,536-411.5k
OSAIC HOLDINGS, INC. Reduced -352,904-352.9k
OBSIDIAN CIO, LLC Reduced -312,239-312.2k
Employees' Retirement Fund of the City of Fort Worth Reduced -304,800-304.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $291.9k6.2k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.20% of their portfolio CHARLOTTE, NC 59,766,08059.8m $2.8bn $2.8bn 0.20% Added +2.1m +2,147,360
2 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 24,580,90224.6m $1.2bn $1.2bn 0.08% Reduced -77.3m -77,267,378
3 ENVESTNET ASSET MANAGEMENT INC 0.31% of their portfolio Berwyn, PA 22,406,13422.4m $1.1bn $1.1bn 0.31% Added +185.2k +185,179
4 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 10,478,68610.5m $493.3m $493.3m 0.09% Added +142.4k +142,443
5 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 9,007,3059.0m $424.1m $424.1m 0.08% Added +843.2k +843,178
6 ASSETMARK, INC 0.84% of their portfolio CONCORD, CA 8,792,8678.8m $414.0m $414.0m 0.84% Reduced -46.2k -46,160
7 STIFEL FINANCIAL CORP 0.35% of their portfolio ST. LOUIS, MO 8,298,3758.3m $390.7m $390.7m 0.35% Added +2.0m +2,026,709
8 MATHER GROUP, LLC. 3.41% of their portfolio CHICAGO, IL 7,024,4247.0m $330.7m $330.7m 3.41% Added +245.9k +245,905
9 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 6,291,1786.3m $296.2m $296.2m 0.08% Added +136.7k +136,738
10 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 6,035,3616.0m $284.1m $284.1m 0.09% Added +407.7k +407,717
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 5,097,6625.1m $240.0m $240.0m 0.01% Added +356.5k +356,511
12 TD PRIVATE CLIENT WEALTH LLC 4.97% of their portfolio NEW YORK, NY 4,959,5745.0m $233.5m $233.5m 4.97% Added +488.9k +488,878
13 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 4,935,1604.9m $232.4m $232.4m 0.05% Added +442.6k +442,649
14 LINCOLN NATIONAL CORP 5.16% of their portfolio RADNOR, PA 3,750,7263.8m $176.6m $176.6m 5.16% Added +96.5k +96,506
15 Envestnet Portfolio Solutions, Inc. 0.62% of their portfolio BERWYN, PA 3,745,0323.7m $176.3m $176.3m 0.62% Added +150.7k +150,684
16 Clearstead Advisors, LLC 1.63% of their portfolio CLEVELAND, OH 2,747,6372.7m $129.4m $129.4m 1.63% Added +196.9k +196,934
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 2,415,0952.4m $113.7m $113.7m 0.02% Reduced -54.6k -54,649
18 Focus Partners Wealth 0.13% of their portfolio ST LOUIS, MO 2,409,0742.4m $113.4m $113.4m 0.13% New
19 KEYBANK NATIONAL ASSOCIATION/OH 0.38% of their portfolio BROOKLYN, OH 2,274,4932.3m $107.1m $107.1m 0.38% Added +28.0k +28,032
20 Angeles Investment Advisors, LLC 6.04% of their portfolio SANTA MONICA, CA 1,923,5001.9m $90.6m $90.6m 6.04% Unchanged
21 CASTLEARK MANAGEMENT LLC 2.36% of their portfolio CHICAGO, IL 1,705,5401.7m $80.3m $80.3m 2.36% Unchanged
22 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,695,0041.7m $79.8m $79.8m 0.01% Added +61.6k +61,616
23 Valmark Advisers, Inc. 0.90% of their portfolio AKRON, OH 1,552,9521.6m $73.1m $73.1m 0.90% Added +45.8k +45,784
24 Alesco Advisors, LLC, An ESL Co 1.86% of their portfolio Pittsford, NY 1,527,4171.5m $71.9m $71.9m 1.86% New
25 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,477,1071.5m $69.5m $69.5m 0.01% Added +571.8k +571,814
26 Financial Engines Advisors L.L.C. 0.13% of their portfolio SANTA CLARA, CA 1,459,0181.5m $68.7m $68.7m 0.13% Reduced -178.2k -178,212
27 Ally Invest Advisors Inc. 4.39% of their portfolio CHARLOTTE, NC 1,350,7791.4m $63.6m $63.6m 4.39% Added +53.4k +53,416
28 First Interstate Bank 3.37% of their portfolio Billings, MT 1,334,9641.3m $62.9m $62.9m 3.37% Added +66.6k +66,568
29 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 1,311,1661.3m $61.8m $61.8m 0.08% Added +86.4k +86,439
30 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 1,238,8781.2m $58.3m $58.3m 0.06% Added +23.3k +23,260
31 Merit Financial Group, LLC 0.47% of their portfolio ALPHARETTA, GA 1,234,0601.2m $58.1m $58.1m 0.47% Added +324.3k +324,265
32 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 1,210,1711.2m $57.0m $57.0m 0.06% Added +60.6k +60,607
33 Cambridge Investment Research Advisors, Inc. 0.15% of their portfolio FAIRFIELD, IA 1,172,4951.2m $55.2m $55.2m 0.15% Reduced -58.9k -58,946
34 Bell Investment Advisors, Inc 7.74% of their portfolio ORINDA, CA 1,038,9991.0m $48.9m $48.9m 7.74% Added +37.6k +37,592
35 BANK OF HAWAII 2.32% of their portfolio HONOLULU, HI 998,548998.5k $47.0m $47.0m 2.32% Added +3.8k +3,754
36 NorthRock Partners, LLC 0.76% of their portfolio MINNEAPOLIS, MN 957,676957.7k $45.1m $45.1m 0.76% Added +667.2k +667,185
37 First Financial Bankshares Inc 0.90% of their portfolio Abilene, TX 948,531948.5k $44.7m $44.7m 0.90% Added +13.4k +13,444
38 Janney Montgomery Scott LLC 0.10% of their portfolio PHILADELPHIA, PA 920,586920.6k $43.3m $43.3m 0.10% Added +23.4k +23,376
39 CANTOR FITZGERALD INVESTMENT ADVISORS L.P. 3.14% of their portfolio NEW YORK, NY 901,880901.9k $42.5m $42.5m 3.14% Added +29.7k +29,709
40 Bell Bank 1.70% of their portfolio FARGO, ND 844,957845.0k $39.8m $39.8m 1.70% Added +66.5k +66,496
41 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 775,882775.9k $36.5m $36.5m 0.05% Added +5.6k +5,558
42 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 772,505772.5k $36.4m $36.4m 0.05% Reduced -352.9k -352,904
43 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 769,772769.8k $36.2m $36.2m 0.02% Reduced -173.3k -173,259
44 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 769,271769.3k $36.2m $36.2m 0.05% Added +214.1k +214,145
45 MANNING & NAPIER ADVISORS LLC 0.45% of their portfolio Fairport, NY 737,258737.3k $34.8m $34.8m 0.45% Added +125.5k +125,452
46 Acropolis Investment Management, LLC 1.56% of their portfolio ST. LOUIS, MO 736,411736.4k $34.7m $34.7m 1.56% Reduced -995.8k -995,776
47 Kestra Investment Management, LLC 0.80% of their portfolio AUSTIN, TX 694,210694.2k $32.7m $32.7m 0.80% Reduced -411.5k -411,536
48 POWER WEALTH MANAGEMENT LLC 11.49% of their portfolio ALPHARETTA, GA 692,918692.9k $32.6m $32.6m 11.49% Added +26.8k +26,840
49 SOFI WEALTH, LLC 1.63% of their portfolio SAN FRANCISCO, CA 692,870692.9k $32.6m $32.6m 1.63% Added +39.5k +39,469
50 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 5.02% of their portfolio BERMUDA RUN, NC 673,751673.8k $31.7m $31.7m 5.02% Reduced -15.1k -15,136
51 Evergreen Advisors, LLC 7.64% of their portfolio CHATTANOOGA, TN 665,812665.8k $31.3m $31.3m 7.64% First filing
52 Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio TOKYO, M0 661,700661.7k $31.2m $31.2m 0.02% Reduced -162.4k -162,400
53 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.39% of their portfolio CINCINNATI, OH 632,336632.3k $29.8m $29.8m 0.39% Added +41.4k +41,399
54 Orion Porfolio Solutions, LLC 0.21% of their portfolio OMAHA, NE 613,466613.5k $28.9m $28.9m 0.21% Added +13.2k +13,223
55 SEVEN MILE ADVISORY 4.92% of their portfolio TALLAHASSEE, FL 608,490608.5k $28.6m $28.6m 4.92% Added +40.8k +40,844
56 HBK Sorce Advisory LLC 0.65% of their portfolio ERIE, PA 600,200600.2k $28.3m $28.3m 0.65% Added +71.9k +71,854
57 Rockefeller Capital Management L.P. 0.05% of their portfolio NEW YORK, NY 585,669585.7k $27.6m $27.6m 0.05% Added +43.5k +43,508
58 Employees' Retirement Fund of the City of Fort Worth 11.20% of their portfolio FORT WORTH, TX 531,600531.6k $25.0m $25.0m 11.20% Reduced -304.8k -304,800
59 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 530,638530.6k $25.0m $25.0m 0.06% Added +36.0k +35,989
60 COURIER CAPITAL LLC 1.38% of their portfolio BUFFALO, NY 522,686522.7k $24.6m $24.6m 1.38% Added +96.1k +96,087
61 Pathstone Holdings, LLC 0.09% of their portfolio ENGLEWOOD, NJ 510,482510.5k $24.0m $24.0m 0.09% Added +3.9k +3,850
62 Goodman Financial Corp 4.47% of their portfolio HOUSTON, TX 501,461501.5k $23.6m $23.6m 4.47% New
63 Intelligence Driven Advisers, LLC 3.36% of their portfolio CARLSBAD, CA 499,573499.6k $23.5m $23.5m 3.36% Reduced -40.1k -40,082
64 Baker Avenue Asset Management, LP 0.53% of their portfolio SAN FRANCISCO, CA 488,931488.9k $23.0m $23.0m 0.53% Added +423.8k +423,832
65 ST GERMAIN D J CO INC 0.89% of their portfolio SPRINGFIELD, MA 486,346486.3k $22.9m $22.9m 0.89% Added +18.1k +18,108
66 US BANCORP \DE\ 0.03% of their portfolio MINNEAPOLIS, MN 474,605474.6k $22.3m $22.3m 0.03% Reduced -3.9k -3,911
67 Savvy Advisors, Inc. 0.72% of their portfolio NEW YORK, NY 470,520470.5k $22.2m $22.2m 0.72% Added +144.6k +144,640
68 Zurich Insurance Group Ltd/FI 0.15% of their portfolio ZURICH, V8 467,648467.6k $22.0m $22.0m 0.15% Unchanged
69 Diversify Advisory Services, LLC 0.70% of their portfolio SANDY, UT 465,412465.4k $22.0m $22.0m 0.70% Added +127.4k +127,431
70 Hamilton Capital, LLC 1.07% of their portfolio COLUMBUS, OH 454,796454.8k $21.4m $21.4m 1.07% First filing
71 SeaBridge Investment Advisors LLC 3.43% of their portfolio SUMMIT, NJ 441,809441.8k $20.8m $20.8m 3.43% Reduced -33.9k -33,934
72 Jaffetilchin Investment Partners, LLC 1.21% of their portfolio TAMPA, FL 440,664440.7k $20.7m $20.7m 1.21% Added +7.9k +7,873
73 United Asset Strategies, Inc. 1.51% of their portfolio GARDEN CITY, NY 415,274415.3k $19.6m $19.6m 1.51% Added +11.2k +11,222
74 PROFFITT & GOODSON INC 2.72% of their portfolio KNOXVILLE, TN 414,097414.1k $19.5m $19.5m 2.72% Added +21.3k +21,260
75 United Capital Management of KS, Inc. 1.36% of their portfolio SALINA, KS 412,396412.4k $19.4m $19.4m 1.36% Added +223.6k +223,611
76 RKL Wealth Management LLC 1.58% of their portfolio LANCASTER, PA 409,756409.8k $19.3m $19.3m 1.58% Added +14.2k +14,234
77 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 398,842398.8k $18.8m $18.8m 0.01% Added +18.5k +18,516
78 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 397,068397.1k $18.7m $18.7m 0.02% Added +3.0k +2,976
79 Whitcomb & Hess, Inc. 4.42% of their portfolio ASHLAND, OH 396,602396.6k $18.7m $18.7m 4.42% Added +32.1k +32,148
80 Connecticut Wealth Management, LLC 0.81% of their portfolio FARMINGTON, CT 394,875394.9k $18.6m $18.6m 0.81% Reduced -2.0k -1,993
81 Rialto Wealth Management, LLC 4.37% of their portfolio SYRACUSE, NY 387,799387.8k $18.3m $18.3m 4.37% Added +140.9k +140,873
82 CreativeOne Wealth, LLC 0.43% of their portfolio OVERLAND PARK, KS 381,034381.0k $17.9m $17.9m 0.43% Added +22.8k +22,793
83 Quantum Financial Advisors, LLC 2.01% of their portfolio SANTA MONICA, CA 379,844379.8k $17.9m $17.9m 2.01% Added +6.7k +6,748
84 Allworth Financial LP 0.07% of their portfolio FOLSOM, CA 370,876370.9k $17.5m $17.5m 0.07% Reduced -6.6k -6,561
85 1607 Capital Partners, LLC 1.19% of their portfolio Richmond, VA 370,155370.2k $17.4m $17.4m 1.19% Reduced -98.0k -98,000
86 Clark Asset Management, LLC 1.73% of their portfolio STRATHAM, NH 354,406354.4k $16.7m $16.7m 1.73% Added +44.9k +44,855
87 Lido Advisors, LLC 0.07% of their portfolio Los Angeles, CA 352,908352.9k $16.6m $16.6m 0.07% New
88 CAPITAL INSIGHT PARTNERS, LLC 3.47% of their portfolio SCOTTSDALE, AZ 347,920347.9k $16.4m $16.4m 3.47% Added +11.2k +11,193
89 ZEVIN ASSET MANAGEMENT LLC 2.18% of their portfolio BOSTON, MA 345,206345.2k $16.3m $16.3m 2.18% New
90 NewEdge Advisors, LLC 0.06% of their portfolio NEW ORLEANS, LA 337,542337.5k $15.9m $15.9m 0.06% Added +13.6k +13,601
91 Windward Private Wealth Management Inc. 5.39% of their portfolio OVERLAND PARK, KS 330,748330.7k $15.6m $15.6m 5.39% Reduced -769 -769
92 STERLING INVESTMENT MANAGEMENT, LLC 8.70% of their portfolio TUCSON, AZ 325,874325.9k $15.3m $15.3m 8.70% Added +2.0k +1,974
93 Vectors Research Management, LLC 4.66% of their portfolio New York, NY 324,552324.6k $15.3m $15.3m 4.66% Reduced -200 -200
94 Robinswood Financial LLC 4.81% of their portfolio KIRKLAND, WA 319,327319.3k $15.0m $15.0m 4.81% Added +13.3k +13,308
95 FEDERATED HERMES, INC. 0.03% of their portfolio PITTSBURGH, PA 318,620318.6k $15.0m $15.0m 0.03% Added +64.3k +64,300
96 Family CFO Inc 6.60% of their portfolio LOS ALTOS, CA 313,409313.4k $14.8m $14.8m 6.60% Added +16.2k +16,215
97 STALEY CAPITAL ADVISERS INC 0.61% of their portfolio PITTSBURGH, PA 313,225313.2k $14.7m $14.7m 0.61% Reduced -5.8k -5,750
98 ALPS ADVISORS INC 0.09% of their portfolio Denver, CO 313,063313.1k $14.7m $14.7m 0.09% Added +74.8k +74,785
99 Betterment LLC 0.03% of their portfolio NEW YORK, NY 312,948312.9k $14.7m $14.7m 0.03% Added +11.0k +10,989
100 MA Private Wealth 2.40% of their portfolio SAN CARLOS, CA 305,648305.6k $14.4m $14.4m 2.40% Added +503 +503