Vault-13

VANGUARD SCOTTSDALE FDS VCLT

LG-TERM COR BD · ETP · CUSIP 92206C813

244 institutional holders -3 vs Q2 2023
60,225,35260.2m shares reported held*
$4.3bnreported value*
34 new 88 added 81 reduced 37 sold out net bought ≈ $536.4m (+7.5m 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 ($3.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $71.79. Options: 3 managers hold calls ($9.0m notional), 2 hold puts ($5.7m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 210Q4 22: 225Q1 23: 227Q2 23: 247Q3 23: 244244Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022210
Q4 2022225
Q1 2023227
Q2 2023247
Q3 2023244

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 23Q2 23: 149 bought or addedQ2 23: 71 cut or sold outQ2 23Q3 23: 122 bought or addedQ3 23: 118 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211094
Q1 202312885
Q2 202314971
Q3 2023122118

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 22 calls: $11.9mQ4 22 puts: $4.2mQ4 22P/C 0.36Q1 23 calls: $5.3mQ1 23 puts: $4.1mQ1 23P/C 0.77Q2 23 calls: $4.5mQ2 23 puts: $4.0mQ2 23P/C 0.89Q3 23 calls: $9.0mQ3 23 puts: $5.7mQ3 23P/C 0.64
Numbers
QuarterCallsPutsP/C
Q4 2022$11.9m$4.2m0.36
Q1 2023$5.3m$4.1m0.77
Q2 2023$4.5m$4.0m0.89
Q3 2023$9.0m$5.7m0.64

Biggest buyers

Johns Hopkins University Added +4,950,906+5.0m
State of Tennessee, Department of Treasury Added +3,656,761+3.7m
JANE STREET GROUP, LLC Added +1,064,141+1.1m
BANK OF AMERICA CORP /DE/ Added +886,904+886.9k
MORGAN STANLEY Added +328,494+328.5k
Metropolitan Life Insurance Co/NY New +296,480+296.5k
AGILIS PARTNERS LLC Added +248,310+248.3k
MMA ASSET MANAGEMENT LLC New +176,930+176.9k
GOLDMAN SACHS GROUP INC Added +168,734+168.7k
OSAIC HOLDINGS, INC. Added +145,970+146.0k

Biggest sellers

LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Sold out -1,077,800-1.1m
VANGUARD GROUP INC Reduced -1,063,801-1.1m
Daiichi Life Insurance Co., Ltd. Reduced -878,016-878.0k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Sold out -621,000-621.0k
JPMORGAN CHASE & CO Reduced -512,829-512.8k
1832 Asset Management L.P. Reduced -323,558-323.6k
Jefferies Financial Group Inc. Sold out -200,000-200.0k
Systelligence, LLC Reduced -189,245-189.2k
BARCLAYS PLC Reduced -159,233-159.2k
BNP PARIBAS FINANCIAL MARKETS Reduced -104,323-104.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.7m92.9k shares
CITADEL ADVISORS LLC Added $1.2m17.4k shares
WOLVERINE TRADING, LLC New $1.1m15.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.4m76.0k shares
CITADEL ADVISORS LLC Added $300.8k4.2k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 State of Tennessee, Department of Treasury 1.89% of their portfolio NASHVILLE, TN 6,532,4006.5m $467.9m $467.9m 1.89% Added +3.7m +3,656,761
2 Johns Hopkins University 19.87% of their portfolio BALTIMORE, MD 5,029,4025.0m $360.2m $360.2m 19.87% Added +5.0m +4,950,906
3 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 4,251,7444.3m $304.5m $304.5m 0.04% Added +886.9k +886,904
4 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 3,936,1073.9m $281.9m $281.9m 0.01% Reduced -1.1m -1,063,801
5 Meiji Yasuda Life Insurance Co 5.39% of their portfolio TOKYO, M0 2,833,0002.8m $202.9m $202.9m 5.39% Unchanged
6 Allianz Investment Management U.S. LLC 10.70% of their portfolio Minneapolis, MN 2,416,0122.4m $173.0m $173.0m 10.70% Unchanged
7 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 2,258,2922.3m $161.7m $161.7m 0.05% Added +63.8k +63,838
8 Daiichi Life Insurance Co., Ltd. 3.48% of their portfolio TOKYO, M0 2,205,9812.2m $158.0m $158.0m 3.48% Reduced -878.0k -878,016
9 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 1,975,4062.0m $141.5m $141.5m 0.06% Added +62.3k +62,315
10 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,857,0331.9m $133.0m $133.0m 0.01% Added +328.5k +328,494
11 Janney Montgomery Scott LLC 0.45% of their portfolio PHILADELPHIA, PA 1,672,0971.7m $119.8m $119.8m 0.45% Reduced -38.6k -38,629
12 BlackRock Inc. 0.00% of their portfolio New York, NY 1,580,4891.6m $113.2m $113.2m 0.00% Reduced -19.5k -19,456
13 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,488,4691.5m $106.6m $106.6m 0.03% Reduced -63.2k -63,220
14 NYL Investors LLC 3.69% of their portfolio NEW YORK, NY 1,261,0001.3m $90.3m $90.3m 3.69% Added +18.2k +18,200
15 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 1,232,1281.2m $88.2m $88.2m 0.15% Added +6.9k +6,900
16 JANE STREET GROUP, LLC 0.14% of their portfolio NEW YORK, NY 1,225,7481.2m $87.8m $87.8m 0.14% Added +1.1m +1,064,141
17 WestEnd Advisors, LLC 2.36% of their portfolio CHARLOTTE, NC 1,098,0971.1m $78.6m $78.6m 2.36% Added +5.6k +5,618
18 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,057,5871.1m $75.7m $75.7m 0.02% Reduced -21.1k -21,121
19 RAYMOND JAMES & ASSOCIATES 0.06% of their portfolio ST PETERSBURG, FL 1,018,8281.0m $73.0m $73.0m 0.06% Added +16.3k +16,282
20 CANADA PENSION PLAN INVESTMENT BOARD 0.09% of their portfolio TORONTO ONTARIO, A6 860,000860.0k $61.6m $61.6m 0.09% Unchanged
21 Allspring Global Investments Holdings, LLC 0.09% of their portfolio CHARLOTTE, NC 741,891741.9k $53.1m $53.1m 0.09% Added +64.4k +64,400
22 NISA INVESTMENT ADVISORS, LLC 0.30% of their portfolio ST. LOUIS, MO 551,721551.7k $39.5m $39.5m 0.30% Reduced -4.3k -4,275
23 UBS Group AG 0.02% of their portfolio ZURICH, V8 504,594504.6k $36.1m $36.1m 0.02% Added +84.1k +84,090
24 CONNING INC. 1.25% of their portfolio HARTFORD, CT 478,554478.6k $34.3m $34.3m 1.25% Unchanged
25 Diana Davis Spencer Foundation 13.29% of their portfolio BETHESDA, MD 461,000461.0k $33.0m $33.0m 13.29% Unchanged
26 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 459,531459.5k $32.9m $32.9m 0.01% Added +168.7k +168,734
27 Advisory Alpha, LLC 1.59% of their portfolio HOLLAND, MI 431,042431.0k $30.9m $30.9m 1.59% Added +17.8k +17,795
28 Smith Anglin Financial, LLC 3.40% of their portfolio DALLAS, TX 391,050391.1k $28.0m $28.0m 3.40% Added +11.4k +11,387
29 ALERUS FINANCIAL NA 2.47% of their portfolio GRAND FORKS, ND 389,830389.8k $27.9m $27.9m 2.47% Added +4.1k +4,061
30 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 387,323387.3k $27.7m $27.7m 0.03% Reduced -2.6k -2,639
31 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 343,337343.3k $24.6m $24.6m 0.02% Added +50.1k +50,054
32 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 321,485321.5k $23.0m $23.0m 0.03% Added +146.0k +145,970
33 AGILIS PARTNERS LLC 8.20% of their portfolio WALTHAM, MA 318,048318.0k $22.8m $22.8m 8.20% Added +248.3k +248,310
34 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 309,061309.1k $22.1m $22.1m 0.02% Added +52.6k +52,568
35 Metropolitan Life Insurance Co/NY 1.14% of their portfolio New York, NY 296,480296.5k $21.9m $21.9m 1.14% New
36 FIDUCIENT ADVISORS LLC 1.16% of their portfolio Chicago, IL 288,163288.2k $20.6m $20.6m 1.16% Added +38.4k +38,441
37 Raymond James Financial Services Advisors, Inc. 0.04% of their portfolio ST. PETERSBURG, FL 286,549286.5k $20.5m $20.5m 0.04% Reduced -31.6k -31,564
38 1832 Asset Management L.P. 0.04% of their portfolio TORONTO, A6 282,902282.9k $20.3m $20.3m 0.04% Reduced -323.6k -323,558
39 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 266,805266.8k $19.1m $19.1m 0.11% Reduced -25.4k -25,386
40 Estate Counselors, LLC 2.43% of their portfolio Thiensville, WI 254,560254.6k $18.2m $18.2m 2.43% Reduced -43.2k -43,160
41 UNITED SERVICES AUTOMOBILE ASSOCIATION 0.43% of their portfolio SAN ANTONIO, TX 240,365240.4k $17.2m $17.2m 0.43% Unchanged
42 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 205,611205.6k $14.7m $14.7m 0.01% Added +45 +45
43 BARINGS LLC 0.48% of their portfolio CHARLOTTE, NC 196,996197.0k $14.1m $14.1m 0.48% Added +6.0k +6,007
44 Clearstead Advisors, LLC 0.40% of their portfolio CLEVELAND, OH 194,684194.7k $13.9m $13.9m 0.40% Added +97.3k +97,342
45 Mirae Asset Global Investments Co., Ltd. 0.03% of their portfolio SEOUL, M5 188,136188.1k $13.5m $13.5m 0.03% Reduced -58.7k -58,740
46 Berkeley Capital Partners, LLC 4.74% of their portfolio Milton, GA 183,286183.3k $13.1m $13.1m 4.74% Added +4.4k +4,447
47 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 182,684182.7k $13.1m $13.1m 0.02% Added +19.2k +19,238
48 MMA ASSET MANAGEMENT LLC 3.77% of their portfolio New York, NY 176,930176.9k $12.7m $12.7m 3.77% New
49 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 170,086170.1k $12.2m $12.2m 0.03% Reduced -2.3k -2,305
50 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 141,843141.8k $10.2m $10.2m 0.02% Added +56.9k +56,853
51 SONA ASSET MANAGEMENT (US) LLC 1.34% of their portfolio NEW YORK, NY 140,000140.0k $10.0m $10.0m 1.34% New
52 OLD MISSION CAPITAL LLC 0.29% of their portfolio CHICAGO, IL 120,318120.3k $8.6m $8.6m 0.29% Added +114.4k +114,382
53 Systelligence, LLC 2.40% of their portfolio BLOOMINGTON, MN 119,405119.4k $8.6m $8.6m 2.40% Reduced -189.2k -189,245
54 RiverFront Investment Group, LLC 0.29% of their portfolio RICHMOND, VA 115,063115.1k $8.2m $8.2m 0.29% Added +35.9k +35,850
55 Providence First Trust Co 4.51% of their portfolio SCOTTSDALE, AZ 112,786112.8k $8.1m $8.1m 4.51% Added +16.4k +16,423
56 AMARILLO NATIONAL BANK 1.62% of their portfolio AMARILLO, TX 107,976108.0k $7.7m $7.7m 1.62% New
57 FIRST NATIONAL BANK SIOUX FALLS 4.46% of their portfolio SIOUX FALLS, SD 104,263104.3k $7.5m $7.5m 4.46% Unchanged
58 Octavia Wealth Advisors, LLC 1.51% of their portfolio CINCINNATI, OH 104,012104.0k $7.4m $7.4m 1.51% Added +3.2k +3,248
59 GLOBE LIFE INC. 2.50% of their portfolio MCKINNEY, TX 103,500103.5k $7.4m $7.4m 2.50% New
60 Manning & Napier Group, LLC 0.09% of their portfolio Fairport, NY 102,180102.2k $7.3m $7.3m 0.09% Reduced -16.8k -16,790
61 Verition Fund Management LLC 0.10% of their portfolio GREENWICH, CT 100,000100.0k $7.2m $7.2m 0.10% Reduced -25.0k -25,000
62 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 96,12096.1k $6.9m $6.9m 0.00% Added +15.0k +15,023
63 Regal Investment Advisors LLC 0.59% of their portfolio KENTWOOD, MI 95,44195.4k $6.8m $6.8m 0.59% Reduced -22.3k -22,266
64 Moran Wealth Management, LLC 0.26% of their portfolio NAPLES, FL 95,23195.2k $6.8m $6.8m 0.26% Added +7.0k +6,967
65 Refined Wealth Management 5.97% of their portfolio SALT LAKE CITY, UT 92,80692.8k $6.6m $6.6m 5.97% Reduced -104 -104
66 Avitas Wealth Management LLC 1.26% of their portfolio LOS ANGELES, CA 92,39892.4k $6.6m $6.6m 1.26% Added +642 +642
67 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 91,76791.8k $6.6m $6.6m 0.00% Reduced -159.2k -159,233
68 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.20% of their portfolio TOKYO, M0 88,28088.3k $6.3m $6.3m 0.20% Added +2.2k +2,154
69 WealthShield Partners, LLC 0.94% of their portfolio CARY, NC 86,72786.7k $6.2m $6.2m 0.94% Reduced -19.5k -19,467
70 Boyd Wealth Management, LLC 4.17% of their portfolio SACRAMENTO, CA 86,65386.7k $6.2m $6.2m 4.17% Reduced -13.3k -13,293
71 WESBANCO BANK INC 0.25% of their portfolio WHEELING, WV 81,54581.5k $5.8m $5.8m 0.25% Reduced -330 -330
72 Aveo Capital Partners, LLC 0.77% of their portfolio ENGLEWOOD, CO 81,48281.5k $5.8m $5.8m 0.77% Added +565 +565
73 Ledge Wealth Management, Inc. 2.46% of their portfolio SARTELL, MN 76,62276.6k $5.5m $5.5m 2.46% Added +1.9k +1,927
74 White Lighthouse Investment Management Inc. 1.27% of their portfolio BEDFORD, MA 73,12073.1k $5.2m $5.2m 1.27% Reduced -7.4k -7,436
75 MIdWestOne Financial Group, Inc. 1.17% of their portfolio Iowa City, IA 72,02272.0k $5.2m $5.2m 1.17% Added +33.2k +33,205
76 BANK OF HAWAII 0.30% of their portfolio HONOLULU, HI 71,64571.6k $5.1m $5.1m 0.30% Reduced -9.4k -9,421
77 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 67,17067.2k $4.8m $4.8m 0.01% Added +6.3k +6,297
78 Employees' Retirement Fund of the City of Fort Worth 1.01% of their portfolio FORT WORTH, TX 64,00064.0k $4.6m $4.6m 1.01% Unchanged
79 Rakuten Investment Management, Inc. 0.05% of their portfolio TOKYO, M0 63,74163.7k $4.6m $4.6m 0.05% Added +100 +100
80 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 63,48063.5k $4.5m $4.5m 0.01% Unchanged
81 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 62,21562.2k $4.5m $4.5m 0.00% Reduced -295 -295
82 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 61,73861.7k $4.4m $4.4m 0.01% Reduced -104.3k -104,323
83 GUGGENHEIM CAPITAL LLC 0.04% of their portfolio CHICAGO, IL 59,04359.0k $4.2m $4.2m 0.04% Reduced -32.2k -32,225
84 Galvin, Gaustad & Stein, LLC 0.42% of their portfolio Scottsdale, AZ 58,37758.4k $4.2m $4.2m 0.42% Reduced -2.4k -2,438
85 Fermata Advisors, LLC 1.16% of their portfolio SONOMA, CA 57,74557.7k $4.1m $4.1m 1.16% New
86 SYKON CAPITAL LLC 1.69% of their portfolio HARRISON, NY 55,01555.0k $3.9m $3.9m 1.69% New
87 DAVENPORT & Co LLC 0.03% of their portfolio RICHMOND, VA 54,40554.4k $3.9m $3.9m 0.03% Added +207 +207
88 COMERICA BANK 0.02% of their portfolio DALLAS, TX 51,33251.3k $3.7m $3.7m 0.02% New
89 SWAN Capital LLC 2.89% of their portfolio PENSACOLA, FL 50,52650.5k $3.6m $3.6m 2.89% First filing
90 HORIZON FINANCIAL SERVICES, LLC 2.81% of their portfolio WINSTON SALEM, NC 48,89648.9k $3.5m $3.5m 2.81% Added +1.3k +1,256
91 JAMES INVESTMENT RESEARCH, INC. 0.45% of their portfolio ALPHA, OH 47,18247.2k $3.4m $3.4m 0.45% Reduced -983 -983
92 Econ Financial Services Corp 2.45% of their portfolio HARRISBURG, PA 46,83846.8k $3.4m $3.4m 2.45% Added +34.5k +34,504
93 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 45,24345.2k $3.2m $3.2m 0.00% Reduced -512.8k -512,829
94 Atria Investments, Inc 0.06% of their portfolio Charlotte, NC 43,93543.9k $3.1m $3.1m 0.06% Added +616 +616
95 GeoWealth Management, LLC 0.35% of their portfolio CHICAGO, IL 42,73642.7k $3.1m $3.1m 0.35% Reduced -2.2k -2,164
96 Checchi Capital Advisers, LLC 0.28% of their portfolio BEVERLY HILLS, CA 42,15742.2k $3.0m $3.0m 0.28% Reduced -13.5k -13,452
97 Insight Wealth Strategies, LLC 0.58% of their portfolio SAN RAMON, CA 41,59441.6k $3.0m $3.0m 0.58% Reduced -3.6k -3,601
98 GOULD ASSET MANAGEMENT LLC /CA/ 0.82% of their portfolio CLAREMONT, CA 40,68740.7k $2.9m $2.9m 0.82% Added +3.2k +3,207
99 B. Riley Wealth Advisors, Inc. 0.08% of their portfolio MEMPHIS, TN 39,57839.6k $2.8m $2.8m 0.08% Added +2.0k +1,996
100 Northeast Financial Group, Inc. 1.65% of their portfolio Allentown, PA 37,43337.4k $2.7m $2.7m 1.65% Added +2.1k +2,108