Vault-13

VANGUARD SCOTTSDALE FDS VGLT

LONG TERM TREAS · ETP · CUSIP 92206C847

357 institutional holders +62 vs Q3 2023
150,293,747150.3m shares reported held*
$9.3bnreported value*
80 new 162 added 76 reduced 36 sold out net bought ≈ $4.0bn (+65.5m 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.85. Options: 3 managers hold calls ($26.2m notional), 2 hold puts ($5.3m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 206Q4 22: 237Q1 23: 253Q2 23: 288Q3 23: 295Q4 23: 357357Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022206
Q4 2022237
Q1 2023253
Q2 2023288
Q3 2023295
Q4 2023357

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 22: 155 bought or addedQ4 22: 83 cut or sold outQ4 22Q1 23: 168 bought or addedQ1 23: 94 cut or sold outQ1 23Q2 23: 189 bought or addedQ2 23: 91 cut or sold outQ2 23Q3 23: 182 bought or addedQ3 23: 133 cut or sold outQ3 23Q4 23: 242 bought or addedQ4 23: 112 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202215583
Q1 202316894
Q2 202318991
Q3 2023182133
Q4 2023242112

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ1 23 calls: $7.4mQ1 23 puts: $6.0mQ1 23P/C 0.81Q2 23 calls: $6.2mQ2 23 puts: $13.6mQ2 23P/C 2.17Q3 23 calls: $11.5mQ3 23 puts: $6.5mQ3 23P/C 0.56Q4 23 calls: $26.2mQ4 23 puts: $5.3mQ4 23P/C 0.20
Numbers
QuarterCallsPutsP/C
Q1 2023$7.4m$6.0m0.81
Q2 2023$6.2m$13.6m2.17
Q3 2023$11.5m$6.5m0.56
Q4 2023$26.2m$5.3m0.20

Biggest buyers

JPMORGAN CHASE & CO Added +25,293,330+25.3m
MORGAN STANLEY Added +9,741,171+9.7m
Empower Advisory Group, LLC New +8,193,914+8.2m
VOYA INVESTMENT MANAGEMENT LLC Added +3,808,989+3.8m
BANK OF AMERICA CORP /DE/ Added +2,542,457+2.5m
SCS Capital Management LLC New +2,510,334+2.5m
AMERIPRISE FINANCIAL INC Added +1,999,038+2.0m
Cassaday & Co Wealth Management LLC Added +1,902,071+1.9m
Jordan Park Group LLC Added +966,173+966.2k
ENVESTNET ASSET MANAGEMENT INC Added +876,860+876.9k

Biggest sellers

M&T Bank Corp Reduced -360,518-360.5k
Beacon Pointe Advisors, LLC Reduced -264,632-264.6k
HighTower Advisors, LLC Reduced -253,503-253.5k
Checchi Capital Advisers, LLC Reduced -245,825-245.8k
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC Reduced -245,208-245.2k
GIRARD ADVISORY SERVICES, LLC Reduced -225,806-225.8k
JANE STREET GROUP, LLC Sold out -218,607-218.6k
NICOLET ADVISORY SERVICES, LLC Reduced -216,403-216.4k
MARKET STREET WEALTH MANAGEMENT ADVISORS LLC Reduced -205,955-206.0k
Ausdal Financial Partners, Inc. Sold out -187,728-187.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $24.5m398.3k shares
CITADEL ADVISORS LLC Added $1.1m17.5k shares
WOLVERINE TRADING, LLC New $590.7k9.6k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.1m82.9k shares
CITADEL ADVISORS LLC Reduced $160.0k2.6k 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 26,173,17826.2m $1.6bn $1.6bn 0.08% Added +25.3m +25,293,330
2 BANK OF AMERICA CORP /DE/ 0.16% of their portfolio CHARLOTTE, NC 22,290,07222.3m $1.4bn $1.4bn 0.16% Added +2.5m +2,542,457
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 16,840,28616.8m $1.0bn $1.0bn 0.05% Added +9.7m +9,741,171
4 AMERIPRISE FINANCIAL INC 0.29% of their portfolio MINNEAPOLIS, MN 15,007,23615.0m $957.0m $957.0m 0.29% Added +2.0m +1,999,038
5 Empower Advisory Group, LLC 1.99% of their portfolio Greenwood Village, CO 8,193,9148.2m $504.2m $504.2m 1.99% New
6 VOYA INVESTMENT MANAGEMENT LLC 0.36% of their portfolio ATLANTA, GA 5,654,1415.7m $347.9m $347.9m 0.36% Added +3.8m +3,808,989
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.60% of their portfolio PLYMOUTH, MN 3,350,7443.4m $206.2m $206.2m 0.60% Added +205.8k +205,850
8 Nan Shan Life Insurance Co., Ltd. 4.56% of their portfolio Taipei City, F5 3,063,5003.1m $188.5m $188.5m 4.56% Unchanged
9 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 2,828,1982.8m $174.0m $174.0m 0.04% Reduced -18.7k -18,733
10 SCS Capital Management LLC 1.77% of their portfolio BOSTON, MA 2,510,3342.5m $154.5m $154.5m 1.77% New
11 MATHER GROUP, LLC. 2.34% of their portfolio CHICAGO, IL 2,422,2792.4m $149.0m $149.0m 2.34% Added +196.2k +196,178
12 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 1,960,5662.0m $120.6m $120.6m 0.05% Added +876.9k +876,860
13 Cassaday & Co Wealth Management LLC 4.08% of their portfolio MCLEAN, VA 1,913,7761.9m $117.8m $117.8m 4.08% Added +1.9m +1,902,071
14 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,761,5271.8m $108.4m $108.4m 0.03% Added +293.0k +292,973
15 UBS Group AG 0.04% of their portfolio ZURICH, V8 1,746,8281.7m $107.5m $107.5m 0.04% Added +706.2k +706,229
16 Jordan Park Group LLC 7.28% of their portfolio SAN FRANCISCO, CA 1,720,9001.7m $105.9m $105.9m 7.28% Added +966.2k +966,173
17 CITIGROUP INC 0.12% of their portfolio NEW YORK, NY 1,428,7121.4m $87.9m $87.9m 0.12% Added +23.5k +23,465
18 NEPC LLC 4.81% of their portfolio Boston, MA 1,413,5871.4m $87.0m $87.0m 4.81% Added +201.7k +201,687
19 Sand Hill Global Advisors, LLC 3.60% of their portfolio Palo Alto, CA 1,216,5081.2m $74.9m $74.9m 3.60% Added +558.1k +558,130
20 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,119,8661.1m $68.9m $68.9m 0.01% Added +26.5k +26,543
21 COMERICA BANK 0.31% of their portfolio DALLAS, TX 1,079,1861.1m $66.4m $66.4m 0.31% Reduced -95.8k -95,829
22 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 1.54% of their portfolio MINNEAPOLIS, MN 1,008,3871.0m $62.0m $62.0m 1.54% Added +94.9k +94,889
23 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 1,004,5091.0m $61.8m $61.8m 0.10% Added +686.4k +686,403
24 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 914,609914.6k $56.3m $56.3m 0.03% Added +190.5k +190,525
25 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 3.16% of their portfolio BOSTON, MA 865,302865.3k $53.2m $53.2m 3.16% Reduced -47.3k -47,293
26 ASSETMARK, INC 0.19% of their portfolio CONCORD, CA 862,209862.2k $53.1m $53.1m 0.19% Added +604.4k +604,367
27 Beacon Pointe Advisors, LLC 0.62% of their portfolio NEWPORT BEACH, CA 834,459834.5k $51.3m $51.3m 0.62% Reduced -264.6k -264,632
28 Municipal Employees' Retirement System of Michigan 0.68% of their portfolio LANSING, MI 825,127825.1k $50.8m $50.8m 0.68% Unchanged
29 Quadratic Capital Management LLC 5.93% of their portfolio GREENWICH, CT 771,374771.4k $47.5m $47.5m 5.93% Added +163.9k +163,914
30 Ironwood Wealth Management, LLC. 14.62% of their portfolio CHANDLER, AZ 712,279712.3k $43.8m $43.8m 14.62% Added +434.2k +434,228
31 Federation des caisses Desjardins du Quebec 0.40% of their portfolio LEVIS, A8 702,135702.1k $43.2m $43.2m 0.40% Added +192.4k +192,415
32 AE Wealth Management LLC 0.20% of their portfolio TOPEKA, KS 663,217663.2k $39.0m $39.0m 0.20% Added +37.5k +37,491
33 Strategic Financial Services, Inc. 2.58% of their portfolio UTICA, NY 597,460597.5k $36.8m $36.8m 2.58% Added +232.9k +232,938
34 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 594,913594.9k $36.6m $36.6m 0.01% Added +222.9k +222,939
35 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 2.25% of their portfolio BETHESDA, MD 510,000510.0k $31.4m $31.4m 2.25% Added +400.0k +400,000
36 Calamos Wealth Management LLC 1.97% of their portfolio NAPERVILLE, IL 508,096508.1k $31.3m $31.3m 1.97% Added +57.6k +57,596
37 Advisory Alpha, LLC 1.16% of their portfolio HOLLAND, MI 411,112411.1k $25.3m $25.3m 1.16% Added +30.8k +30,833
38 Act Two Investors LLC 5.15% of their portfolio SANTA CRUZ, CA 387,380387.4k $23.8m $23.8m 5.15% Added +28.6k +28,618
39 Mirae Asset Global Investments Co., Ltd. 0.04% of their portfolio SEOUL, M5 345,047345.0k $21.2m $21.2m 0.04% Added +200.9k +200,887
40 Rainwater Charitable Foundation 15.17% of their portfolio FORT WORTH, TX 321,173321.2k $19.8m $19.8m 15.17% New
41 Harvest Portfolios Group Inc. 0.84% of their portfolio Oakville, A6 321,090321.1k $19.8m $19.8m 0.84% Added +301.5k +301,498
42 Accredited Investors Inc. 1.32% of their portfolio EDINA, MN 302,669302.7k $18.6m $18.6m 1.32% New
43 Wealthfront Advisers LLC 0.07% of their portfolio Palo Alto, CA 284,036284.0k $17.5m $17.5m 0.07% Added +142.9k +142,943
44 Hamilton Capital Partners Inc. 3.39% of their portfolio TORONTO, A6 275,001275.0k $16.9m $16.9m 3.39% Added +216.4k +216,402
45 First Financial Bankshares Inc 0.39% of their portfolio Abilene, TX 263,650263.6k $16.2m $16.2m 0.39% First filing
46 STEPHENS GROUP ASSET MANAGEMENT, LLC 1.56% of their portfolio LITTLE ROCK, AR 260,007260.0k $16.0m $16.0m 1.56% New
47 Fort Point Capital Partners LLC 2.45% of their portfolio San Francisco, CA 259,870259.9k $16.0m $16.0m 2.45% Added +230.3k +230,272
48 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 226,919226.9k $14.0m $14.0m 0.02% Added +80.2k +80,197
49 Tortoise Investment Management, LLC 1.89% of their portfolio WHITE PLAINS, NY 226,279226.3k $13.9m $13.9m 1.89% Added +39.4k +39,372
50 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 225,771225.8k $13.9m $13.9m 0.02% Reduced -10.2k -10,245
51 Full Sail Capital, LLC 1.05% of their portfolio OKLAHOMA CITY, OK 223,693223.7k $13.8m $13.8m 1.05% Added +126.7k +126,701
52 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 221,204221.2k $13.6m $13.6m 0.02% Added +50.1k +50,067
53 PRINCIPAL SECURITIES, INC. 0.50% of their portfolio DES MOINES, IA 219,375219.4k $13.5m $13.5m 0.50% First filing
54 NOMURA ASSET MANAGEMENT CO LTD 0.06% of their portfolio TOKYO, M0 218,900218.9k $13.5m $13.5m 0.06% New
55 FIRST CITIZENS BANK & TRUST CO 0.24% of their portfolio RALEIGH, NC 211,734211.7k $13.0m $13.0m 0.24% Unchanged
56 ANDERSON HOAGLAND & CO 1.54% of their portfolio ST LOUIS, MO 211,558211.6k $12.6m $12.6m 1.54% Added +189.3k +189,290
57 Manning & Napier Group, LLC 0.15% of their portfolio Fairport, NY 202,267202.3k $12.4m $12.4m 0.15% Added +1.3k +1,348
58 Checchi Capital Advisers, LLC 0.98% of their portfolio BEVERLY HILLS, CA 196,308196.3k $12.1m $12.1m 0.98% Reduced -245.8k -245,825
59 Allworth Financial LP 0.09% of their portfolio FOLSOM, CA 190,405190.4k $11.7m $11.7m 0.09% Reduced -2.4k -2,436
60 Kaydan Wealth Management, Inc. 4.64% of their portfolio FENTON, MI 185,376185.4k $11.4m $11.4m 4.64% Reduced -46.2k -46,163
61 Comprehensive Wealth Management, LLC 9.78% of their portfolio LYNNWOOD, WA 175,941175.9k $10.8m $10.8m 9.78% Reduced -91.8k -91,839
62 SYKON CAPITAL LLC 4.31% of their portfolio HARRISON, NY 175,642175.6k $10.8m $10.8m 4.31% New
63 COMMERCE BANK 0.08% of their portfolio KANSAS CITY, MO 174,148174.1k $10.7m $10.7m 0.08% Reduced -13.9k -13,855
64 Crestone Asset Management LLC 2.37% of their portfolio BOULDER, CO 170,223170.2k $10.5m $10.5m 2.37% Added +89.8k +89,837
65 Peak Asset Management, LLC 2.29% of their portfolio LOUISVILLE, CO 169,080169.1k $10.4m $10.4m 2.29% Added +98.0k +97,978
66 Grant/GrossMendelsohn, LLC 3.85% of their portfolio Baltimore, MD 158,265158.3k $9.3m $9.3m 3.85% Added +104.3k +104,319
67 EXENCIAL WEALTH ADVISORS, LLC 0.38% of their portfolio OKLAHOMA CITY, OK 152,338152.3k $9.4m $9.4m 0.38% Added +12.0k +12,038
68 RFG Advisory, LLC 0.36% of their portfolio BIRMINGHAM, AL 151,023151.0k $9.3m $9.3m 0.36% New
69 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 148,039148.0k $9.1m $9.1m 0.00% Added +74.2k +74,238
70 Alpha Financial Advisors, LLC 4.55% of their portfolio CHARLOTTE, NC 145,924145.9k $9.0m $9.0m 4.55% New
71 Red Tortoise LLC 5.06% of their portfolio ATLANTA, GA 145,420145.4k $8.9m $8.9m 5.06% Added +15.6k +15,576
72 VICUS CAPITAL 0.89% of their portfolio STATE COLLEGE, PA 142,622142.6k $8.8m $8.8m 0.89% Added +77.8k +77,846
73 O'Brien Wealth Partners LLC 2.28% of their portfolio Waltham, MA 142,020142.0k $8.7m $8.7m 2.28% New
74 TIFF ADVISORY SERVICES, LLC 3.90% of their portfolio RADNOR, PA 133,962134.0k $8.2m $8.2m 3.90% New
75 KEYBANK NATIONAL ASSOCIATION/OH 0.04% of their portfolio BROOKLYN, OH 132,237132.2k $8.1m $8.1m 0.04% Added +1.3k +1,277
76 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 131,826131.8k $8.1m $8.1m 0.04% Added +42.2k +42,208
77 Bell Investment Advisors, Inc 1.64% of their portfolio ORINDA, CA 130,158130.2k $8.0m $8.0m 1.64% Added +2.8k +2,829
78 Empowered Funds, LLC 0.20% of their portfolio NEWTOWN SQUARE, PA 129,510129.5k $8.0m $8.0m 0.20% Added +52.5k +52,518
79 SeaBridge Investment Advisors LLC 2.26% of their portfolio SUMMIT, NJ 126,222126.2k $7.8m $7.8m 2.26% Added +47.7k +47,659
80 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 125,701125.7k $7.7m $7.7m 0.01% Added +11.4k +11,402
81 Concurrent Investment Advisors, LLC 0.37% of their portfolio Tampa, FL 125,642125.6k $7.7m $7.7m 0.37% First filing
82 Foundations Investment Advisors, LLC 0.20% of their portfolio PHOENIX, AZ 121,875121.9k $7.5m $7.5m 0.20% Reduced -24.4k -24,375
83 NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio MONTREAL, A8 117,501117.5k $7.2m $7.2m 0.01% Reduced -20.8k -20,752
84 GenWealth Group, Inc. 1.98% of their portfolio Maplewood, NJ 116,555116.6k $7.2m $7.2m 1.98% Reduced -75.6k -75,565
85 Westshore Wealth, LLC 3.09% of their portfolio NEWPORT BEACH, CA 108,851108.9k $6.7m $6.7m 3.09% New
86 Global Retirement Partners, LLC 0.27% of their portfolio San Rafael, CA 107,239107.2k $6.4m $6.4m 0.27% Added +107.1k +107,083
87 Manhattan West Asset Management, LLC 1.79% of their portfolio Los Angeles, CA 103,765103.8k $6.4m $6.4m 1.79% Added +3.2k +3,177
88 Cresset Asset Management, LLC 0.04% of their portfolio Chicago, IL 98,55698.6k $6.1m $6.1m 0.04% Added +33.5k +33,519
89 Marcum Wealth, LLC 0.64% of their portfolio CLEVELAND, OH 97,86597.9k $6.0m $6.0m 0.64% Added +21.4k +21,414
90 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 2.32% of their portfolio GREENWOOD VILLAGE, CO 97,42197.4k $6.0m $6.0m 2.32% New
91 TRUSTMARK BANK TRUST DEPARTMENT 0.54% of their portfolio JACKSON, MS 96,39296.4k $5.9m $5.9m 0.54% Added +12.9k +12,923
92 Palumbo Wealth Management LLC 3.03% of their portfolio GREAT NECK, NY 96,33696.3k $5.9m $5.9m 3.03% Added +85.8k +85,822
93 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 91,55791.6k $5.6m $5.6m 0.02% Added +81.3k +81,341
94 Morningstar Investment Management LLC 0.64% of their portfolio CHICAGO, IL 90,08390.1k $5.5m $5.5m 0.64% Reduced -13.0k -12,980
95 True Wealth Design, LLC 1.55% of their portfolio AKRON, OH 89,28389.3k $5.5m $5.5m 1.55% Added +12.9k +12,888
96 Pinnacle Wealth Management, LLC 6.28% of their portfolio ROSEVILLE, CA 89,24589.2k $5.5m $5.5m 6.28% Added +9.5k +9,460
97 POWER WEALTH MANAGEMENT LLC 3.96% of their portfolio ALPHARETTA, GA 88,57588.6k $5.5m $5.5m 3.96% First filing
98 Avidian Wealth Enterprises, LLC 0.33% of their portfolio Houston, TX 86,36486.4k $5.3m $5.3m 0.33% Reduced -7.0k -6,955
99 GTS SECURITIES LLC 0.11% of their portfolio NEW YORK, NY 86,25786.3k $5.3m $5.3m 0.11% New
100 BENJAMIN F. EDWARDS & COMPANY, INC. 0.10% of their portfolio ST. LOUIS, MO 83,23783.2k $5.1m $5.1m 0.10% Added +7.7k +7,652