Vault-13

VANGUARD SCOTTSDALE FDS VCLT

LG-TERM COR BD · ETP · CUSIP 92206C813

343 institutional holders -10 vs Q4 2024
136,404,506136.4m shares reported held*
$10.3bnreported value*
40 new 128 added 110 reduced 48 sold out net sold ≈ $349.9m (-4.6m 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 ($4.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.86. Options: 3 managers hold calls ($9.3m notional), 3 hold puts ($4.7m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 210Q4 22: 225Q1 23: 227Q2 23: 247Q3 23: 244Q4 23: 286Q1 24: 306Q2 24: 310Q3 24: 333Q4 24: 353Q1 25: 343343Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022210
Q4 2022225
Q1 2023227
Q2 2023247
Q3 2023244
Q4 2023286
Q1 2024306
Q2 2024310
Q3 2024333
Q4 2024353
Q1 2025343

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 23: 149 bought or addedQ2 23: 71 cut or sold outQ3 23: 122 bought or addedQ3 23: 118 cut or sold outQ3 23Q4 23: 149 bought or addedQ4 23: 121 cut or sold outQ1 24: 179 bought or addedQ1 24: 129 cut or sold outQ1 24Q2 24: 165 bought or addedQ2 24: 133 cut or sold outQ3 24: 206 bought or addedQ3 24: 98 cut or sold outQ3 24Q4 24: 189 bought or addedQ4 24: 136 cut or sold outQ1 25: 168 bought or addedQ1 25: 158 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 202314971
Q3 2023122118
Q4 2023149121
Q1 2024179129
Q2 2024165133
Q3 202420698
Q4 2024189136
Q1 2025168158

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ2 24 calls: $7.5mQ2 24 puts: $6.8mQ2 24P/C 0.91Q3 24 calls: $4.3mQ3 24 puts: $4.7mQ3 24P/C 1.11Q4 24 calls: $5.2mQ4 24 puts: $4.1mQ4 24P/C 0.78Q1 25 calls: $9.3mQ1 25 puts: $4.7mQ1 25P/C 0.51
Numbers
QuarterCallsPutsP/C
Q2 2024$7.5m$6.8m0.91
Q3 2024$4.3m$4.7m1.11
Q4 2024$5.2m$4.1m0.78
Q1 2025$9.3m$4.7m0.51

Biggest buyers

Ocean Park Asset Management, LLC New +1,327,700+1.3m
STATE STREET CORP New +930,459+930.5k
PRUDENTIAL PLC Added +785,860+785.9k
MORGAN STANLEY Added +499,222+499.2k
JANE STREET GROUP, LLC Added +479,090+479.1k
Gallagher Fiduciary Advisors, LLC New +301,926+301.9k
OLD MISSION CAPITAL LLC New +260,930+260.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +210,141+210.1k
UNITED SERVICES AUTOMOBILE ASSOCIATION Added +189,350+189.3k
Angeles Investment Advisors, LLC Added +181,000+181.0k

Biggest sellers

VANGUARD GROUP INC Sold out -4,847,247-4.8m
State of Tennessee, Department of Treasury Reduced -1,804,856-1.8m
JPMORGAN CHASE & CO Reduced -1,078,674-1.1m
CITADEL ADVISORS LLC Reduced -499,741-499.7k
DSC Meridian Capital LP Sold out -293,500-293.5k
AMERIPRISE FINANCIAL INC Reduced -273,735-273.7k
Francis Financial, Inc. Reduced -248,799-248.8k
Penserra Capital Management LLC Sold out -231,226-231.2k
BANK OF AMERICA CORP /DE/ Reduced -202,839-202.8k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -202,342-202.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.7m101.3k shares
WOLVERINE TRADING, LLC Added $1.2m15.8k shares
CITADEL ADVISORS LLC Reduced $387.1k5.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.0m39.5k shares
CITADEL ADVISORS LLC Reduced $1.1m14.0k shares
WOLVERINE TRADING, LLC Added $627.6k8.3k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRUDENTIAL PLC 32.44% of their portfolio LONDON, X0 84,644,53984.6m $6.4bn $6.4bn 32.44% Added +785.9k +785,860
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 5,827,7285.8m $442.4m $442.4m 0.03% Added +499.2k +499,222
3 Meiji Yasuda Life Insurance Co 4.29% of their portfolio TOKYO, M0 2,833,0002.8m $215.1m $215.1m 4.29% Unchanged
4 State of Tennessee, Department of Treasury 0.79% of their portfolio NASHVILLE, TN 2,720,6232.7m $206.5m $206.5m 0.79% Reduced -1.8m -1,804,856
5 Allianz Investment Management U.S. LLC 9.77% of their portfolio Minneapolis, MN 2,416,0122.4m $177.0m $177.0m 9.77% Unchanged
6 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,378,1562.4m $180.5m $180.5m 0.02% Reduced -202.8k -202,839
7 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 2,216,6842.2m $168.3m $168.3m 0.03% Added +49.4k +49,401
8 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,669,8171.7m $126.8m $126.8m 0.03% Reduced -22.5k -22,490
9 Angeles Investment Advisors, LLC 6.56% of their portfolio SANTA MONICA, CA 1,606,0001.6m $121.9m $121.9m 6.56% Added +181.0k +181,000
10 Varma Mutual Pension Insurance Co 1.04% of their portfolio Varma, H9 1,600,0001.6m $121.5m $121.5m 1.04% Unchanged
11 Ocean Park Asset Management, LLC 3.58% of their portfolio SANTA MONICA, CA 1,327,7001.3m $100.8m $100.8m 3.58% New
12 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 1,102,7231.1m $83.7m $83.7m 0.06% First filing
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 930,459930.5k $70.6m $70.6m 0.00% New
14 JANE STREET GROUP, LLC 0.12% of their portfolio NEW YORK, NY 907,948907.9k $68.9m $68.9m 0.12% Added +479.1k +479,090
15 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 842,635842.6k $63.9m $63.9m 0.02% Reduced -273.7k -273,735
16 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 792,397792.4k $60.2m $60.2m 0.02% Added +173.4k +173,430
17 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 747,607747.6k $56.8m $56.8m 0.01% Added +154.0k +153,995
18 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 718,785718.8k $54.6m $54.6m 0.02% Added +60.9k +60,856
19 UBS Group AG 0.01% of their portfolio ZURICH, V8 636,241636.2k $48.3m $48.3m 0.01% Reduced -124.7k -124,748
20 BlackRock, Inc. 0.00% of their portfolio New York, NY 622,199622.2k $47.2m $47.2m 0.00% Reduced -207 -207
21 NYL Investors LLC 3.01% of their portfolio NEW YORK, NY 619,100619.1k $47.0m $47.0m 3.01% Added +4.9k +4,900
22 GDS Wealth Management 3.99% of their portfolio FLOWER MOUND, TX 616,580616.6k $46.8m $46.8m 3.99% Added +100.9k +100,947
23 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 540,905540.9k $41.1m $41.1m 0.01% Reduced -2.9k -2,879
24 Advisory Alpha, LLC 1.32% of their portfolio HOLLAND, MI 510,658510.7k $38.7m $38.7m 1.32% Added +16.8k +16,799
25 Allspring Global Investments Holdings, LLC 0.06% of their portfolio CHARLOTTE, NC 492,837492.8k $37.4m $37.4m 0.06% Reduced -76.3k -76,261
26 Sanctuary Advisors, LLC 0.26% of their portfolio INDIANAPOLIS, IN 478,664478.7k $36.3m $36.3m 0.26% Added +19.8k +19,848
27 GLOBE LIFE INC. 10.59% of their portfolio MCKINNEY, TX 474,500474.5k $36.0m $36.0m 10.59% Unchanged
28 Diana Davis Spencer Foundation 12.16% of their portfolio BETHESDA, MD 461,000461.0k $35.0m $35.0m 12.16% Unchanged
29 FIDUCIENT ADVISORS LLC 4.27% of their portfolio Chicago, IL 450,033450.0k $34.2m $34.2m 4.27% Added +23.6k +23,564
30 CoreCap Advisors, LLC 1.47% of their portfolio SOUTHFIELD, MI 438,813438.8k $33.3m $33.3m 1.47% Added +98.4k +98,367
31 Employees' Retirement Fund of the City of Fort Worth 15.57% of their portfolio FORT WORTH, TX 416,500416.5k $31.6m $31.6m 15.57% Unchanged
32 MML INVESTORS SERVICES, LLC 0.10% of their portfolio SPRINGFIELD, MA 410,040410.0k $31.1m $31.1m 0.10% Reduced -190.9k -190,922
33 ALERUS FINANCIAL NA 2.46% of their portfolio GRAND FORKS, ND 405,604405.6k $30.8m $30.8m 2.46% Reduced -264 -264
34 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 388,005388.0k $29.5m $29.5m 0.01% Reduced -187.9k -187,917
35 UNITED SERVICES AUTOMOBILE ASSOCIATION 0.88% of their portfolio SAN ANTONIO, TX 378,700378.7k $28.7m $28.7m 0.88% Added +189.3k +189,350
36 Insight Wealth Strategies, LLC 3.85% of their portfolio SAN RAMON, CA 377,142377.1k $28.6m $28.6m 3.85% Added +59.3k +59,308
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 349,709349.7k $26.5m $26.5m 0.00% Reduced -1.1m -1,078,674
38 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 339,991340.0k $25.8m $25.8m 0.05% Reduced -1.4k -1,373
39 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 332,613332.6k $25.2m $25.2m 0.02% Reduced -499.7k -499,741
40 BENJAMIN EDWARDS INC 0.34% of their portfolio Clayton, MO 322,489322.5k $24.5m $24.5m 0.34% Added +13.2k +13,244
41 NewEdge Wealth, LLC 0.43% of their portfolio STAMFORD, CT 315,226315.2k $23.9m $23.9m 0.43% Added +6.3k +6,291
42 Gallagher Fiduciary Advisors, LLC 0.75% of their portfolio ROLLING MEADOWS, IL 301,926301.9k $22.9m $22.9m 0.75% New
43 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 297,964298.0k $22.6m $22.6m 0.04% Added +77.8k +77,786
44 MIdWestOne Financial Group, Inc. 3.21% of their portfolio Iowa City, IA 297,849297.8k $22.6m $22.6m 3.21% Added +845 +845
45 Bramshill Investments, LLC 2.31% of their portfolio NAPLES, FL 297,779297.8k $22.6m $22.6m 2.31% Added +13.9k +13,858
46 Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio SEOUL, M5 273,165273.2k $17.8m $17.8m 0.07% Added +25.1k +25,135
47 DOW CHEMICAL CO /DE/ 2.93% of their portfolio MIDLAND, MI 264,221264.2k $20.1m $20.1m 2.93% Unchanged
48 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 263,911263.9k $20.0m $20.0m 0.04% Added +29.2k +29,236
49 OLD MISSION CAPITAL LLC 0.38% of their portfolio CHICAGO, IL 260,930260.9k $19.8m $19.8m 0.38% New
50 SWAN Capital LLC 9.14% of their portfolio PENSACOLA, FL 260,786260.8k $19.8m $19.8m 9.14% Added +16.6k +16,578
51 Davidson Capital Management Inc. 4.94% of their portfolio CORPUS CHRISTI, TX 239,944239.9k $18.2m $18.2m 4.94% Added +99.6k +99,558
52 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 223,004223.0k $16.9m $16.9m 0.04% Reduced -26.2k -26,174
53 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 210,141210.1k $16.0m $16.0m 0.03% New
54 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 202,642202.6k $15.4m $15.4m 0.01% Reduced -69 -69
55 Berkeley Capital Partners, LLC 4.09% of their portfolio Milton, GA 195,835195.8k $14.9m $14.9m 4.09% Added +6.5k +6,488
56 AMG National Trust Bank 0.42% of their portfolio GREENWOOD VILLAGE, CO 195,032195.0k $14.8m $14.8m 0.42% Reduced -1.9k -1,908
57 Prospect Financial Services LLC 7.73% of their portfolio MELVILLE, NY 183,550183.6k $13.9m $13.9m 7.73% Added +62.4k +62,380
58 NISA INVESTMENT ADVISORS, LLC 0.07% of their portfolio ST. LOUIS, MO 179,064179.1k $13.6m $13.6m 0.07% Reduced -1.1k -1,120
59 Checchi Capital Advisers, LLC 0.88% of their portfolio BEVERLY HILLS, CA 164,580164.6k $12.5m $12.5m 0.88% Added +125.1k +125,062
60 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 158,177158.2k $12.0m $12.0m 0.00% Reduced -190.6k -190,645
61 ASSETMARK, INC 0.03% of their portfolio CONCORD, CA 148,636148.6k $11.3m $11.3m 0.03% Added +53.3k +53,333
62 Providence First Trust Co 4.53% of their portfolio SCOTTSDALE, AZ 147,000147.0k $11.2m $11.2m 4.53% Reduced -3.1k -3,120
63 Lighthouse Financial LLC 8.60% of their portfolio LARGO, FL 131,254131.3k $10.0m $10.0m 8.60% Reduced -8.0k -8,002
64 Marmo Financial Group, LLC 5.32% of their portfolio Johnson City, TN 128,197128.2k $9.7m $9.7m 5.32% Added +64.3k +64,271
65 RiverFront Investment Group, LLC 0.21% of their portfolio RICHMOND, VA 127,167127.2k $9.7m $9.7m 0.21% Reduced -101.1k -101,098
66 Northeast Financial Group, Inc. 3.55% of their portfolio Allentown, PA 125,278125.3k $9.5m $9.5m 3.55% Added +930 +930
67 Janney Montgomery Scott LLC 0.03% of their portfolio PHILADELPHIA, PA 121,999122.0k $9.3m $9.3m 0.03% Added +3.7k +3,724
68 NewEdge Advisors, LLC 0.05% of their portfolio NEW ORLEANS, LA 121,003121.0k $9.2m $9.2m 0.05% Added +12.9k +12,933
69 FLOW TRADERS U.S. LLC 0.37% of their portfolio NEW YORK, NY 114,725114.7k $8.7m $8.7m 0.37% New
70 PEAPACK GLADSTONE FINANCIAL CORP 0.12% of their portfolio BEDMINSTER, NJ 108,350108.3k $8.2m $8.2m 0.12% New
71 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 106,965107.0k $8.1m $8.1m 0.03% Reduced -845 -845
72 Aveo Capital Partners, LLC 1.25% of their portfolio ENGLEWOOD, CO 101,766101.8k $7.5m $7.5m 1.25% Added +9.3k +9,260
73 MUFG SECURITIES AMERICAS INC. 0.88% of their portfolio NEW YORK, NY 100,000100.0k $7.6m $7.6m 0.88% New
74 Revisor Wealth Management LLC 3.32% of their portfolio AKRON, OH 98,30198.3k $7.5m $7.5m 3.32% Added +47.0k +47,024
75 SUMITOMO MITSUI FINANCIAL GROUP, INC. 0.13% of their portfolio TOKYO, M0 91,75191.8k $7.0m $7.0m 0.13% Added +323 +323
76 One Wealth Map LLC 4.36% of their portfolio LAS VEGAS, NV 90,60090.6k $6.5m $6.5m 4.36% Added +1.3k +1,262
77 GUGGENHEIM CAPITAL LLC 0.06% of their portfolio CHICAGO, IL 87,77487.8k $6.7m $6.7m 0.06% Added +35.5k +35,480
78 Rakuten Investment Management, Inc. 0.03% of their portfolio TOKYO, M0 86,52586.5k $6.5m $6.5m 0.03% First filing
79 WEBSTERROGERS FINANCIAL ADVISORS, LLC 2.24% of their portfolio FLORENCE, SC 86,40786.4k $6.6m $6.6m 2.24% Added +4.9k +4,936
80 Sellwood Investment Partners LLC 3.40% of their portfolio PORTLAND, OR 85,74185.7k $6.5m $6.5m 3.40% Added +179 +179
81 LeConte Wealth Management, LLC 4.05% of their portfolio Maryville, TN 83,64283.6k $6.3m $6.3m 4.05% First filing
82 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 80,56580.6k $6.1m $6.1m 0.01% Added +4.7k +4,705
83 BANK OF HAWAII 0.35% of their portfolio HONOLULU, HI 80,22580.2k $6.1m $6.1m 0.35% Reduced -670 -670
84 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 79,65479.7k $6.0m $6.0m 0.01% Reduced -202.3k -202,342
85 White Lighthouse Investment Management Inc. 1.06% of their portfolio BEDFORD, MA 78,49378.5k $6.0m $6.0m 1.06% Reduced -5.8k -5,800
86 FINANCIAL ADVISORY PARTNERS, LLC 1.99% of their portfolio WINTER PARK, FL 78,48078.5k $6.0m $6.0m 1.99% Reduced -25.0k -24,960
87 Prospera Financial Services Inc 0.13% of their portfolio Dallas, TX 75,55375.6k $5.7m $5.7m 0.13% Reduced -744 -744
88 Marion Wealth Management 1.51% of their portfolio MONROEVILLE, PA 74,48474.5k $5.7m $5.7m 1.51% Added +4.9k +4,942
89 Regal Investment Advisors LLC 0.45% of their portfolio KENTWOOD, MI 72,62072.6k $5.5m $5.5m 0.45% Added +44.0k +43,963
90 Econ Financial Services Corp 2.88% of their portfolio HARRISBURG, PA 71,33871.3k $5.4m $5.4m 2.88% Added +1.2k +1,250
91 NOTTINGHAM ADVISORS, INC. 0.82% of their portfolio AMHERST, NY 70,98471.0k $5.4m $5.4m 0.82% Reduced -39.6k -39,622
92 Refined Wealth Management 4.08% of their portfolio SALT LAKE CITY, UT 65,64465.6k $5.0m $5.0m 4.08% Reduced -36.1k -36,122
93 MMA ASSET MANAGEMENT LLC 2.07% of their portfolio New York, NY 64,87764.9k $4.9m $4.9m 2.07% Added +2.2k +2,201
94 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 64,83064.8k $4.9m $4.9m 0.00% Added +2.2k +2,209
95 Antonelli Financial Advisors, LLC 3.88% of their portfolio GROSSE POINTE, MI 63,42463.4k $4.8m $4.8m 3.88% Reduced -2.1k -2,097
96 &PARTNERS 0.05% of their portfolio NASHVILLE, TN 63,37963.4k $4.8m $4.8m 0.05% Added +5.7k +5,710
97 Daiichi Life Insurance Co., Ltd. 0.14% of their portfolio TOKYO, M0 61,96562.0k $4.7m $4.7m 0.14% Added +42.9k +42,919
98 VICTORY FINANCIAL GROUP, LLC 0.88% of their portfolio AUSTIN, TX 60,91960.9k $4.6m $4.6m 0.88% Reduced -18.0k -17,954
99 BOYD WATTERSON ASSET MANAGEMENT LLC/OH 1.48% of their portfolio CLEVELAND, OH 60,86160.9k $4.6m $4.6m 1.48% Reduced -91.0k -90,981
100 NewSquare Capital LLC 0.36% of their portfolio NEWTOWN SQUARE, PA 57,90757.9k $4.4m $4.4m 0.36% Reduced -909 -909