Vault-13

VANGUARD SCOTTSDALE FDS VCLT

LG-TERM COR BD · ETP · CUSIP 92206C813

227 institutional holders +2 vs Q4 2022
49,762,50149.8m shares reported held*
$4.0bnreported value*
33 new 95 added 55 reduced 30 sold out net bought ≈ $481.5m (+5.2m 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 ($13.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $81.29. Options: 2 managers hold calls ($5.3m notional), 2 hold puts ($4.1m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 210Q4 22: 225Q1 23: 227227Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022210
Q4 2022225
Q1 2023227

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 110 bought or addedQ4 22: 94 cut or sold outQ4 22Q1 23: 128 bought or addedQ1 23: 85 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211094
Q1 202312885

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 22 calls: $17.2mQ3 22 puts: $10.3mQ3 22P/C 0.60Q4 22 calls: $11.9mQ4 22 puts: $4.2mQ4 22P/C 0.36Q1 23 calls: $5.3mQ1 23 puts: $4.1mQ1 23P/C 0.77
Numbers
QuarterCallsPutsP/C
Q3 2022$17.2m$10.3m0.60
Q4 2022$11.9m$4.2m0.36
Q1 2023$5.3m$4.1m0.77

Biggest buyers

LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Added +1,698,200+1.7m
WestEnd Advisors, LLC New +1,013,278+1.0m
CANADA PENSION PLAN INVESTMENT BOARD Added +800,000+800.0k
ROYAL BANK OF CANADA Added +777,955+778.0k
BlackRock Inc. Added +676,884+676.9k
JPMORGAN CHASE & CO Added +661,939+661.9k
WELLS FARGO & COMPANY/MN Added +598,939+598.9k
JANE STREET GROUP, LLC Added +558,989+559.0k
Smith Anglin Financial, LLC New +358,435+358.4k
FIDUCIENT ADVISORS LLC New +333,436+333.4k

Biggest sellers

Johns Hopkins University Reduced -1,347,195-1.3m
WestEnd Advisors, LLC Sold out -930,367-930.4k
D. E. Shaw & Co., Inc. Sold out -875,030-875.0k
FIRST NATIONAL BANK SIOUX FALLS Reduced -278,650-278.6k
Invesco Ltd. Reduced -276,094-276.1k
Nationwide Asset Management LLC Sold out -201,000-201.0k
Paloma Partners Management Co Sold out -125,327-125.3k
Allspring Global Investments Holdings, LLC Reduced -73,124-73.1k
Olympus Peak Asset Management LP Reduced -72,951-73.0k
CITIGROUP INC Reduced -66,199-66.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.4m55.2k shares
CITADEL ADVISORS LLC Reduced $892.9k11.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.5m43.5k shares
CITADEL ADVISORS LLC Added $621.8k7.8k 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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 4,164,0674.2m $332.0m $332.0m 0.01% Added +286.6k +286,622
2 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 3,266,7073.3m $260.4m $260.4m 0.03% Reduced -39.7k -39,725
3 Daiichi Life Insurance Co., Ltd. 5.44% of their portfolio TOKYO, M0 3,110,9723.1m $248.0m $248.0m 5.44% Added +23.3k +23,322
4 Meiji Yasuda Life Insurance Co 4.42% of their portfolio TOKYO, M0 2,833,0002.8m $225.8m $225.8m 4.42% Unchanged
5 State of Tennessee, Department of Treasury 0.91% of their portfolio NASHVILLE, TN 2,564,9222.6m $204.5m $204.5m 0.91% Unchanged
6 Allianz Investment Management U.S. LLC 10.66% of their portfolio Minneapolis, MN 2,416,0122.4m $192.6m $192.6m 10.66% Added +57.5k +57,500
7 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 1,865,3061.9m $148.7m $148.7m 0.04% Added +778.0k +777,955
8 ENVESTNET ASSET MANAGEMENT INC 0.07% of their portfolio Berwyn, PA 1,748,5441.7m $139.4m $139.4m 0.07% Added +126.9k +126,908
9 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 7.83% of their portfolio BETHESDA, MD 1,733,2001.7m $138.2m $138.2m 7.83% Added +1.7m +1,698,200
10 Janney Montgomery Scott LLC 0.52% of their portfolio PHILADELPHIA, PA 1,602,6001.6m $127.8m $127.8m 0.52% Added +64.6k +64,639
11 BlackRock Inc. 0.00% of their portfolio New York, NY 1,480,1641.5m $118.0m $118.0m 0.00% Added +676.9k +676,884
12 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,422,9101.4m $113.4m $113.4m 0.01% Added +274.4k +274,368
13 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,253,2901.3m $99.9m $99.9m 0.03% Added +598.9k +598,939
14 NYL Investors LLC 6.01% of their portfolio NEW YORK, NY 1,235,6001.2m $98.5m $98.5m 6.01% Added +4.2k +4,200
15 TRUIST FINANCIAL CORP 0.16% of their portfolio CHARLOTTE, NC 1,156,1291.2m $92.2m $92.2m 0.16% Added +56.5k +56,510
16 Kemper Corp Master Retirement Trust 68.90% of their portfolio CHICAGO, IL 1,048,9191.0m $83.6m $83.6m 68.90% Added +55.8k +55,796
17 WestEnd Advisors, LLC 2.51% of their portfolio CHARLOTTE, NC 1,013,2781.0m $80.8m $80.8m 2.51% New
18 JANE STREET GROUP, LLC 0.13% of their portfolio NEW YORK, NY 943,929943.9k $75.3m $75.3m 0.13% Added +559.0k +558,989
19 RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio ST PETERSBURG, FL 928,775928.8k $74.0m $74.0m 0.06% Added +122.9k +122,920
20 CANADA PENSION PLAN INVESTMENT BOARD 0.11% of their portfolio TORONTO ONTARIO, A6 860,000860.0k $68.6m $68.6m 0.11% Added +800.0k +800,000
21 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 823,680823.7k $65.6m $65.6m 0.02% Reduced -33.6k -33,581
22 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 722,839722.8k $57.6m $57.6m 0.01% Added +661.9k +661,939
23 Allspring Global Investments Holdings, LLC 0.09% of their portfolio CHARLOTTE, NC 699,880699.9k $55.8m $55.8m 0.09% Reduced -73.1k -73,124
24 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 621,000621.0k $49.5m $49.5m 0.03% Unchanged
25 1832 Asset Management L.P. 0.10% of their portfolio TORONTO, A6 583,044583.0k $46.5m $46.5m 0.10% Added +4.2k +4,207
26 NISA INVESTMENT ADVISORS, LLC 0.34% of their portfolio ST. LOUIS, MO 551,204551.2k $43.9m $43.9m 0.34% Added +88.2k +88,225
27 CONNING INC. 1.28% of their portfolio HARTFORD, CT 478,554478.6k $38.2m $38.2m 1.28% Unchanged
28 Diana Davis Spencer Foundation 13.87% of their portfolio BETHESDA, MD 461,000461.0k $36.8m $36.8m 13.87% Unchanged
29 ALERUS FINANCIAL NA 2.82% of their portfolio GRAND FORKS, ND 398,095398.1k $31.7m $31.7m 2.82% Reduced -1.8k -1,754
30 Advisory Alpha, LLC 2.00% of their portfolio HOLLAND, MI 395,593395.6k $31.5m $31.5m 2.00% Added +6.0k +6,048
31 UBS Group AG 0.01% of their portfolio ZURICH, V8 377,862377.9k $30.1m $30.1m 0.01% Added +61.9k +61,858
32 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 364,370364.4k $29.0m $29.0m 0.03% Added +36.8k +36,830
33 Smith Anglin Financial, LLC 4.26% of their portfolio DALLAS, TX 358,435358.4k $28.6m $28.6m 4.26% New
34 FIDUCIENT ADVISORS LLC 8.61% of their portfolio Chicago, IL 333,436333.4k $26.6m $26.6m 8.61% New
35 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 326,580326.6k $26.0m $26.0m 0.06% Added +168.8k +168,772
36 Olympus Peak Asset Management LP 100.00% of their portfolio GREENWICH, CT 325,049325.0k $25.9m $25.9m 100.00% Reduced -73.0k -72,951
37 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 294,732294.7k $23.5m $23.5m 0.01% Added +101.8k +101,780
38 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 251,963252.0k $20.1m $20.1m 0.04% Added +193.3k +193,340
39 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 246,324246.3k $19.6m $19.6m 0.02% Reduced -18.2k -18,227
40 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 242,842242.8k $19.4m $19.4m 0.02% Added +53.0k +52,973
41 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 215,696215.7k $17.2m $17.2m 0.04% Added +9.0k +9,024
42 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 203,609203.6k $16.2m $16.2m 0.01% Added +36.2k +36,225
43 UNITED SERVICES AUTOMOBILE ASSOCIATION 0.49% of their portfolio SAN ANTONIO, TX 192,362192.4k $15.3m $15.3m 0.49% Unchanged
44 Berkeley Capital Partners, LLC 5.36% of their portfolio Milton, GA 181,439181.4k $14.5m $14.5m 5.36% Added +6.8k +6,823
45 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 170,707170.7k $13.6m $13.6m 0.03% Added +48.8k +48,753
46 MONEY CONCEPTS CAPITAL CORP 0.05% of their portfolio PALM BEACH GARDENS, FL 166,576166.6k $945.5k $945.5k 0.05% Added +155.6k +155,615
47 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 160,783160.8k $12.8m $12.8m 0.02% Added +115.8k +115,823
48 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 138,350138.3k $11.0m $11.0m 0.02% Added +94.6k +94,640
49 Bullseye Investment Management, LLC 7.83% of their portfolio CINCINNATI, OH 134,213134.2k $10.7m $10.7m 7.83% New
50 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 128,579128.6k $10.2m $10.2m 0.07% Reduced -3.2k -3,179
51 Manning & Napier Group, LLC 0.11% of their portfolio Fairport, NY 119,945119.9k $9.6m $9.6m 0.11% Reduced -14.2k -14,230
52 FIRST NATIONAL BANK SIOUX FALLS 5.76% of their portfolio SIOUX FALLS, SD 104,263104.3k $8.3m $8.3m 5.76% Reduced -278.6k -278,650
53 WealthShield Partners, LLC 1.29% of their portfolio CARY, NC 100,044100.0k $8.0m $8.0m 1.29% New
54 Octavia Wealth Advisors, LLC 1.70% of their portfolio CINCINNATI, OH 94,49194.5k $7.5m $7.5m 1.70% New
55 GUGGENHEIM CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 92,80192.8k $7.4m $7.4m 0.06% Reduced -6.8k -6,795
56 Refined Wealth Management 6.43% of their portfolio SALT LAKE CITY, UT 91,33791.3k $7.3m $7.3m 6.43% New
57 Avitas Wealth Management LLC 1.41% of their portfolio LOS ANGELES, CA 90,37190.4k $7.2m $7.2m 1.41% Added +3.5k +3,508
58 Providence First Trust Co 4.05% of their portfolio SCOTTSDALE, AZ 88,23188.2k $7.0m $7.0m 4.05% Reduced -481 -481
59 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.22% of their portfolio TOKYO, M0 86,12986.1k $6.9m $6.9m 0.22% Reduced -4.4k -4,443
60 Vestmark Advisory Solutions, Inc. 0.28% of their portfolio Wakefield, MA 81,25481.3k $6.5m $6.5m 0.28% Added +5.2k +5,195
61 Clearstead Advisors, LLC 0.47% of their portfolio CLEVELAND, OH 81,04281.0k $6.5m $6.5m 0.47% Added +30.6k +30,625
62 White Lighthouse Investment Management Inc. 1.63% of their portfolio BEDFORD, MA 81,01681.0k $6.5m $6.5m 1.63% Reduced -541 -541
63 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 80,53080.5k $6.4m $6.4m 0.00% Reduced -2.3k -2,287
64 Johns Hopkins University 0.39% of their portfolio BALTIMORE, MD 78,49678.5k $6.3m $6.3m 0.39% Reduced -1.3m -1,347,195
65 Galvin, Gaustad & Stein, LLC 0.59% of their portfolio Scottsdale, AZ 74,59474.6k $5.9m $5.9m 0.59% Added +18.8k +18,791
66 Ledge Wealth Management, Inc. 2.75% of their portfolio SARTELL, MN 72,73572.7k $5.8m $5.8m 2.75% Added +1.5k +1,479
67 RiverFront Investment Group, LLC 0.19% of their portfolio RICHMOND, VA 68,57568.6k $5.5m $5.5m 0.19% Added +64.2k +64,179
68 Regal Investment Advisors LLC 0.48% of their portfolio KENTWOOD, MI 67,54867.5k $5.4m $5.4m 0.48% Added +978 +978
69 OLD MISSION CAPITAL LLC 0.16% of their portfolio CHICAGO, IL 67,19367.2k $5.4m $5.4m 0.16% New
70 WESBANCO BANK INC 0.23% of their portfolio WHEELING, WV 65,95066.0k $5.3m $5.3m 0.23% Reduced -265 -265
71 Rakuten Investment Management, Inc. 0.06% of their portfolio TOKYO, M0 64,24164.2k $5.1m $5.1m 0.06% Added +3.8k +3,800
72 Employees' Retirement Fund of the City of Fort Worth 1.00% of their portfolio FORT WORTH, TX 64,00064.0k $5.1m $5.1m 1.00% Unchanged
73 BANK OF HAWAII 0.30% of their portfolio HONOLULU, HI 63,81363.8k $5.1m $5.1m 0.30% Added +54.5k +54,536
74 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 63,48063.5k $5.1m $5.1m 0.02% New
75 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 62,23162.2k $5.0m $5.0m 0.00% Reduced -276.1k -276,094
76 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 61,70861.7k $4.9m $4.9m 0.01% New
77 Checchi Capital Advisers, LLC 0.39% of their portfolio BEVERLY HILLS, CA 50,94450.9k $4.1m $4.1m 0.39% Added +2.6k +2,591
78 DAVENPORT & Co LLC 0.03% of their portfolio RICHMOND, VA 50,74350.7k $4.0m $4.0m 0.03% Added +2.5k +2,517
79 Atria Investments, Inc 0.07% of their portfolio Charlotte, NC 48,79548.8k $3.9m $3.9m 0.07% Added +11.5k +11,485
80 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 48,03148.0k $3.8m $3.8m 0.00% Reduced -5.8k -5,839
81 Aberdeen Group plc 0.01% of their portfolio EDINBURGH, X0 47,54247.5k $3.8m $3.8m 0.01% Reduced -9.4k -9,355
82 JAMES INVESTMENT RESEARCH, INC. 0.49% of their portfolio ALPHA, OH 46,25746.3k $3.7m $3.7m 0.49% Added +27.7k +27,703
83 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 46,09946.1k $3.7m $3.7m 0.01% Added +8.0k +7,963
84 HORIZON FINANCIAL SERVICES, LLC 3.13% of their portfolio WINSTON SALEM, NC 45,89945.9k $3.7m $3.7m 3.13% Reduced -2.1k -2,132
85 Insight Wealth Strategies, LLC 0.70% of their portfolio SAN RAMON, CA 45,03945.0k $3.6m $3.6m 0.70% Added +838 +838
86 GeoWealth Management, LLC 0.40% of their portfolio CHICAGO, IL 43,05343.1k $3.4m $3.4m 0.40% Reduced -21.8k -21,798
87 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 40,11240.1k $3.2m $3.2m 0.00% Added +1.8k +1,777
88 ABSOLUTE CAPITAL MANAGEMENT, LLC 2.64% of their portfolio Pittsburgh, PA 37,40137.4k $3.0m $3.0m 2.64% New
89 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 36,90936.9k $2.9m $2.9m 0.00% New
90 GOULD ASSET MANAGEMENT LLC /CA/ 0.83% of their portfolio CLAREMONT, CA 36,71536.7k $2.9m $2.9m 0.83% Reduced -6.5k -6,536
91 B. Riley Wealth Advisors, Inc. 0.07% of their portfolio MEMPHIS, TN 32,80732.8k $2.6m $2.6m 0.07% Added +16.6k +16,596
92 Ahrens Investment Partners LLC 1.28% of their portfolio LAFAYETTE, LA 32,25632.3k $2.6m $2.6m 1.28% Added +5.9k +5,859
93 MIdWestOne Financial Group, Inc. 0.53% of their portfolio Iowa City, IA 29,56929.6k $2.4m $2.4m 0.53% Added +5.9k +5,902
94 4Thought Financial Group Inc. 1.92% of their portfolio SYOSSET, NY 29,09229.1k $2.3m $2.3m 1.92% Added +893 +893
95 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 28,56228.6k $2.3m $2.3m 0.01% Added +1.1k +1,139
96 AE Wealth Management LLC 0.01% of their portfolio TOPEKA, KS 28,42128.4k $2.3m $2.3m 0.01% Reduced -1.8k -1,800
97 TrinityPoint Wealth, LLC 0.48% of their portfolio MILFORD, CT 28,26028.3k $2.3m $2.3m 0.48% Added +1.8k +1,824
98 KING LUTHER CAPITAL MANAGEMENT CORP 0.01% of their portfolio FORT WORTH, TX 27,65327.7k $2.2m $2.2m 0.01% Unchanged
99 Northeast Financial Group, Inc. 1.56% of their portfolio Allentown, PA 26,49826.5k $2.2m $2.2m 1.56% Added +3.6k +3,556
100 Ameliora Wealth Management Ltd. 1.20% of their portfolio ZURICH, V8 25,89125.9k $2.1m $2.1m 1.20% Reduced -10.8k -10,790