Vault-13

VANGUARD INDEX FDS VOE

MCAP VL IDXVIP · ETP · CUSIP 922908512

975 institutional holders +77 vs Q3 2023
75,129,76275.1m shares reported held*
$10.8bnreported value*
61 new 342 added 332 reduced 49 sold out net bought ≈ $516.1m (+3.6m 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 ($6.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $143.44. Options: 3 managers hold calls ($4.5m notional), 2 hold puts ($2.4m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 826Q4 22: 917Q1 23: 908Q2 23: 913Q3 23: 898Q4 23: 975975Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022826
Q4 2022917
Q1 2023908
Q2 2023913
Q3 2023898
Q4 2023975

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q4 22: 400 bought or addedQ4 22: 341 cut or sold outQ4 22Q1 23: 395 bought or addedQ1 23: 404 cut or sold outQ1 23Q2 23: 408 bought or addedQ2 23: 393 cut or sold outQ2 23Q3 23: 401 bought or addedQ3 23: 371 cut or sold outQ3 23Q4 23: 403 bought or addedQ4 23: 381 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022400341
Q1 2023395404
Q2 2023408393
Q3 2023401371
Q4 2023403381

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 23 calls: $6.8mQ1 23 puts: $1.0mQ1 23P/C 0.15Q2 23 calls: $10.4mQ2 23 puts: $359.8kQ2 23P/C 0.03Q3 23 calls: $8.5mQ3 23 puts: $637.0kQ3 23P/C 0.08Q4 23 calls: $4.5mQ4 23 puts: $2.4mQ4 23P/C 0.52
Numbers
QuarterCallsPutsP/C
Q1 2023$6.8m$1.0m0.15
Q2 2023$10.4m$359.8k0.03
Q3 2023$8.5m$637.0k0.08
Q4 2023$4.5m$2.4m0.52

Biggest buyers

MORGAN STANLEY Added +4,286,261+4.3m
JPMORGAN CHASE & CO Added +500,366+500.4k
ROYAL BANK OF CANADA Added +175,815+175.8k
ASSETMARK, INC Added +159,028+159.0k
Betterment LLC Added +136,515+136.5k
EP Wealth Advisors, LLC Added +91,675+91.7k
Mesirow Financial Investment Management, Inc. New +79,152+79.2k
RAYMOND JAMES & ASSOCIATES Added +73,120+73.1k
EXCHANGE TRADED CONCEPTS, LLC New +56,401+56.4k
HighTower Advisors, LLC Added +52,223+52.2k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -270,497-270.5k
PNC Financial Services Group, Inc. Reduced -268,623-268.6k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -170,990-171.0k
Composition Wealth, LLC Reduced -167,905-167.9k
OSAIC HOLDINGS, INC. Reduced -154,907-154.9k
AMERIPRISE FINANCIAL INC Reduced -137,228-137.2k
NATIXIS ADVISORS, LLC Reduced -133,771-133.8k
BANK OF MONTREAL /CAN/ Reduced -125,582-125.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -124,299-124.3k
LPL Financial LLC Reduced -111,037-111.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.8m19.6k shares
CITADEL ADVISORS LLC Reduced $1.7m11.6k shares
Cutler Group LLC / CA Added $16.0k1.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.3m15.9k shares
CITADEL ADVISORS LLC Reduced $58.0k400 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 Betterment LLC 4.52% of their portfolio NEW YORK, NY 10,829,89310.8m $1.6bn $1.6bn 4.52% Added +136.5k +136,515
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 8,519,9368.5m $1.2bn $1.2bn 0.05% Added +4.3m +4,286,261
3 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 3,156,1663.2m $457.7m $457.7m 0.05% Added +42.4k +42,430
4 ASSETMARK, INC 1.59% of their portfolio CONCORD, CA 3,043,5563.0m $441.3m $441.3m 1.59% Added +159.0k +159,028
5 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 2,837,0202.8m $411.4m $411.4m 0.10% Added +175.8k +175,815
6 JONES FINANCIAL COMPANIES LLLP 0.48% of their portfolio DES PERES, MO 2,211,6372.2m $320.7m $320.7m 0.48% Added +11.2k +11,209
7 TIAA TRUST, NATIONAL ASSOCIATION 0.98% of their portfolio CHARLOTTE, NC 2,028,9232.0m $294.2m $294.2m 0.98% Added +26.9k +26,913
8 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 2,001,4672.0m $290.2m $290.2m 0.08% Reduced -4.9k -4,871
9 PNC Financial Services Group, Inc. 0.21% of their portfolio Pittsburgh, PA 1,808,3811.8m $262.2m $262.2m 0.21% Reduced -268.6k -268,623
10 UBS Group AG 0.09% of their portfolio ZURICH, V8 1,581,1981.6m $229.3m $229.3m 0.09% Reduced -30.7k -30,711
11 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 1,512,5401.5m $219.3m $219.3m 0.09% Reduced -270.5k -270,497
12 STEPHENS GROUP ASSET MANAGEMENT, LLC 13.41% of their portfolio LITTLE ROCK, AR 948,196948.2k $137.5m $137.5m 13.41% Added +17.3k +17,303
13 FMR LLC 0.01% of their portfolio BOSTON, MA 930,261930.3k $134.9m $134.9m 0.01% Reduced -26.5k -26,540
14 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 910,990911.0k $132.1m $132.1m 0.08% Reduced -111.0k -111,037
15 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 870,988871.0k $126.4m $126.4m 0.04% Reduced -137.2k -137,228
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.14% of their portfolio MILWAUKEE, WI 828,406828.4k $120.1m $120.1m 0.14% Reduced -124.3k -124,299
17 Wellspring Financial Advisors, LLC 0.67% of their portfolio CLEVELAND, OH 796,506796.5k $2.7m $2.7m 0.67% Reduced -1.8k -1,825
18 Waverly Advisors, LLC 4.14% of their portfolio BIRMINGHAM, AL 761,901761.9k $110.5m $110.5m 4.14% Reduced -48.8k -48,835
19 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 711,266711.3k $103.1m $103.1m 0.01% Added +500.4k +500,366
20 OSAIC HOLDINGS, INC. 0.18% of their portfolio SCOTTSDALE, AZ 708,928708.9k $102.8m $102.8m 0.18% Reduced -154.9k -154,907
21 EP Wealth Advisors, LLC 1.20% of their portfolio TORRANCE, CA 649,040649.0k $94.1m $94.1m 1.20% Added +91.7k +91,675
22 Rockefeller Capital Management L.P. 0.31% of their portfolio NEW YORK, NY 634,505634.5k $92.0m $92.0m 0.31% Added +6.3k +6,343
23 Pacific Life Fund Advisors LLC 8.60% of their portfolio NEWPORT BEACH, CA 592,616592.6k $85.9m $85.9m 8.60% Reduced -19.3k -19,338
24 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 546,989547.0k $79.3m $79.3m 0.10% Reduced -5.7k -5,661
25 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 531,051531.1k $77.0m $77.0m 0.02% Reduced -171.0k -170,990
26 MONETA GROUP INVESTMENT ADVISORS LLC 1.49% of their portfolio ST LOUIS, MO 521,220521.2k $75.6m $75.6m 1.49% Added +44.3k +44,327
27 SYM FINANCIAL Corp 11.17% of their portfolio WINONA LAKE, IN 475,820475.8k $69.0m $69.0m 11.17% Added +14.1k +14,114
28 COMMONWEALTH EQUITY SERVICES, LLC 0.12% of their portfolio WALTHAM, MA 469,787469.8k $68.1m $68.1m 0.12% Added +3.6k +3,608
29 Equitable Holdings, Inc. 0.83% of their portfolio NEW YORK, NY 466,612466.6k $67.7m $67.7m 0.83% Added +28.1k +28,140
30 Money Design Co.,Ltd. 3.73% of their portfolio TOKYO, M0 456,291456.3k $66.2m $66.2m 3.73% Added +33.2k +33,193
31 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 430,864430.9k $62.5m $62.5m 0.10% Reduced -51.7k -51,734
32 Raymond James Financial Services Advisors, Inc. 0.10% of their portfolio ST. PETERSBURG, FL 430,304430.3k $62.4m $62.4m 0.10% Added +28.1k +28,052
33 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 419,631419.6k $60.9m $60.9m 0.09% Added +31.2k +31,250
34 Avior Wealth Management, LLC 3.59% of their portfolio OMAHA, NE 408,883408.9k $59.3m $59.3m 3.59% Reduced -6.9k -6,946
35 Orgel Wealth Management, LLC 1.70% of their portfolio ALTOONA, WI 396,931396.9k $57.6m $57.6m 1.70% Added +50.1k +50,103
36 Mariner, LLC 0.14% of their portfolio Overland Park, KS 394,386394.4k $57.2m $57.2m 0.14% Added +2.6k +2,650
37 LINCOLN NATIONAL CORP 0.84% of their portfolio RADNOR, PA 330,459330.5k $47.9m $47.9m 0.84% Added +12.2k +12,243
38 Rodgers & Associates, LTD 6.32% of their portfolio Lancaster, PA 321,274321.3k $46.6m $46.6m 6.32% Added +14.2k +14,230
39 Creative Planning 0.08% of their portfolio OVERLAND PARK, KS 305,208305.2k $44.3m $44.3m 0.08% Reduced -8.2k -8,161
40 Trust Co 5.34% of their portfolio MANHATTAN, KS 286,370286.4k $41.5m $41.5m 5.34% Added +24.0k +24,031
41 MML INVESTORS SERVICES, LLC 0.19% of their portfolio SPRINGFIELD, MA 283,927283.9k $41.2m $41.2m 0.19% Added +8.5k +8,536
42 1832 Asset Management L.P. 0.07% of their portfolio TORONTO, A6 266,263266.3k $38.6m $38.6m 0.07% Added +5.3k +5,269
43 Private Advisor Group, LLC 0.29% of their portfolio MORRISTOWN, NJ 258,137258.1k $37.4m $37.4m 0.29% Added +8.9k +8,892
44 INSPIRION WEALTH ADVISORS, LLC 6.68% of their portfolio LIBERTYVILLE, IL 255,085255.1k $37.1m $37.1m 6.68% Added +7.9k +7,882
45 Focus Partners Wealth 0.48% of their portfolio ST LOUIS, MO 253,451253.5k $36.8m $36.8m 0.48% First filing
46 RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio ST PETERSBURG, FL 251,614251.6k $36.5m $36.5m 0.03% Added +73.1k +73,120
47 Marotta Asset Management 7.64% of their portfolio CHARLOTTESVILLE, VA 245,228245.2k $35.6m $35.6m 7.64% Reduced -2.6k -2,615
48 McAdam, LLC 2.49% of their portfolio Philadelphia, PA 237,828237.8k $34.5m $34.5m 2.49% Added +17.8k +17,815
49 Krilogy Financial LLC 2.84% of their portfolio ST. LOUIS, MO 230,226230.2k $33.4m $33.4m 2.84% Added +11.0k +11,001
50 Falcon Wealth Planning 5.28% of their portfolio Ontario, CA 208,155208.2k $30.2m $30.2m 5.28% Added +6.2k +6,204
51 CONDOR CAPITAL MANAGEMENT 3.21% of their portfolio MARTINSVILLE, NJ 206,410206.4k $29.9m $29.9m 3.21% Reduced -1.6k -1,560
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 198,745198.7k $28.8m $28.8m 0.08% Reduced -10.2k -10,207
53 Summit Financial, LLC 1.88% of their portfolio PARSIPPANY, NJ 198,323198.3k $28.8m $28.8m 1.88% Added +1.9k +1,878
54 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 180,500180.5k $26.2m $26.2m 0.11% Added +20.3k +20,251
55 KWMG, LLC 3.05% of their portfolio OVERLAND PARK, KS 179,666179.7k $26.1m $26.1m 3.05% Added +1.4k +1,417
56 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 179,441179.4k $26.0m $26.0m 0.04% Added +52.2k +52,223
57 Symmetry Partners, LLC 1.34% of their portfolio GLASTONBURY, CT 171,247171.2k $24.8m $24.8m 1.34% Reduced -806 -806
58 CAPTRUST FINANCIAL ADVISORS 0.08% of their portfolio RALEIGH, NC 168,017168.0k $24.4m $24.4m 0.08% Reduced -348 -348
59 Roberts Financial Services LLC 5.17% of their portfolio MARQUETTE, MI 165,417165.4k $24.0m $24.0m 5.17% Added +4.3k +4,287
60 Bragg Financial Advisors, Inc 1.14% of their portfolio CHARLOTTE, NC 165,315165.3k $24.0m $24.0m 1.14% Added +5.1k +5,115
61 Beacon Pointe Advisors, LLC 0.28% of their portfolio NEWPORT BEACH, CA 158,505158.5k $23.0m $23.0m 0.28% Added +25.9k +25,912
62 Total Wealth Planning, LLC 3.97% of their portfolio CINCINNATI, OH 150,846150.8k $21.9m $21.9m 3.97% Added +8.5k +8,479
63 WoodTrust Financial Corp 3.73% of their portfolio WISCONSIN RAPIDS, WI 150,672150.7k $21.8m $21.8m 3.73% Added +9.8k +9,822
64 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 149,042149.0k $21.7m $21.7m 0.01% Reduced -125.6k -125,582
65 Bogart Wealth, LLC 1.18% of their portfolio MCLEAN, VA 144,378144.4k $20.9m $20.9m 1.18% Added +2.5k +2,453
66 NewEdge Advisors, LLC 0.19% of their portfolio NEW ORLEANS, LA 141,505141.5k $20.4m $20.4m 0.19% Added +6.1k +6,091
67 Cetera Advisor Networks LLC 0.11% of their portfolio EL SEGUNDO, CA 139,400139.4k $20.2m $20.2m 0.11% Reduced -1.8k -1,815
68 BLAIR WILLIAM & CO/IL 0.07% of their portfolio CHICAGO, IL 137,807137.8k $20.0m $20.0m 0.07% Added +261 +261
69 Capital Advantage, Inc. 3.97% of their portfolio Walnut Creek, CA 134,965135.0k $19.6m $19.6m 3.97% Reduced -4.0k -3,979
70 BENJAMIN F. EDWARDS & COMPANY, INC. 0.39% of their portfolio ST. LOUIS, MO 134,914134.9k $19.6m $19.6m 0.39% Added +2.6k +2,636
71 Shakespeare Wealth Management, LLC 6.05% of their portfolio Pewaukee, WI 134,880134.9k $19.6m $19.6m 6.05% Added +5.2k +5,249
72 NATIXIS ADVISORS, LLC 0.05% of their portfolio Boston, MA 133,351133.4k $19.3m $19.3m 0.05% Reduced -133.8k -133,771
73 Praetorian Wealth Management, Inc. 5.54% of their portfolio CARMEL, CA 132,246132.2k $19.2m $19.2m 5.54% Reduced -21.6k -21,650
74 STEPHENS INC /AR/ 0.32% of their portfolio LITTLE ROCK, AR 126,077126.1k $18.3m $18.3m 0.32% Reduced -18.7k -18,736
75 Bluespring Wealth Management, LLC 2.10% of their portfolio AUSTIN, TX 122,061122.1k $17.7m $17.7m 2.10% Added +255 +255
76 AIRE ADVISORS, LLC 4.35% of their portfolio BEVERLY HILLS, CA 120,765120.8k $17.5m $17.5m 4.35% Reduced -3.6k -3,617
77 BHK Investment Advisors, LLC 10.00% of their portfolio BIRMINGHAM, AL 120,152120.2k $17.4m $17.4m 10.00% Reduced -36.2k -36,171
78 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 120,049120.0k $17.4m $17.4m 0.05% Reduced -2.8k -2,759
79 Ellevest, Inc. 1.18% of their portfolio NEW YORK, NY 119,694119.7k $17.4m $17.4m 1.18% Added +3.9k +3,946
80 Integrated Wealth Concepts LLC 0.28% of their portfolio WALTHAM, MA 118,807118.8k $17.2m $17.2m 0.28% Reduced -24.0k -24,042
81 Kestra Advisory Services, LLC 0.14% of their portfolio AUSTIN, TX 118,577118.6k $17.2m $17.2m 0.14% Added +2.6k +2,623
82 ARVEST INVESTMENTS, INC. 2.78% of their portfolio LOWELL, AR 117,937117.9k $17.1m $17.1m 2.78% First filing
83 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 113,656113.7k $16.5m $16.5m 0.04% Reduced -37.2k -37,182
84 Avion Wealth 4.62% of their portfolio THE WOODLANDS, TX 113,575113.6k $16.5m $16.5m 4.62% Reduced -1.9k -1,868
85 SAGE FINANCIAL GROUP INC 1.53% of their portfolio W. CONSHOHOCKEN, PA 108,080108.1k $15.7m $15.7m 1.53% Reduced -1.2k -1,166
86 Ledyard National Bank 1.60% of their portfolio HANOVER, NH 107,458107.5k $15.6m $15.6m 1.60% Reduced -750 -750
87 PRUDENTIAL FINANCIAL INC 0.02% of their portfolio NEWARK, NJ 105,939105.9k $15.4m $15.4m 0.02% Reduced -10.4k -10,396
88 PEAPACK GLADSTONE FINANCIAL CORP 0.25% of their portfolio BEDMINSTER, NJ 102,409102.4k $14.8m $14.8m 0.25% Reduced -2.6k -2,638
89 Evensky & Katz LLC 1.11% of their portfolio CORAL GABLES, FL 101,441101.4k $14.7m $14.7m 1.11% Added +82 +82
90 Asset Management Group, Inc. 2.79% of their portfolio STAMFORD, CT 95,98396.0k $13.9m $13.9m 2.79% Reduced -834 -834
91 Clayton Financial Group LLC 8.54% of their portfolio ST. LOUIS, MO 94,65494.7k $13.7m $13.7m 8.54% First filing
92 CARY STREET PARTNERS ASSET MANAGEMENT LLC 1.75% of their portfolio RICHMOND, VA 93,93893.9k $10.2m $10.2m 1.75% Added +5.2k +5,167
93 Octavia Wealth Advisors, LLC 2.37% of their portfolio CINCINNATI, OH 92,71392.7k $13.4m $13.4m 2.37% Added +4.3k +4,319
94 Sepio Capital, LP 1.10% of their portfolio Salt Lake City, UT 90,65290.7k $13.1m $13.1m 1.10% Added +23 +23
95 PRESILIUM PRIVATE WEALTH, LLC 3.64% of their portfolio RADNOR, PA 88,08088.1k $12.8m $12.8m 3.64% Reduced -8.6k -8,646
96 Avantax Planning Partners, Inc. 0.48% of their portfolio DUBUQUE, IA 86,90586.9k $12.6m $12.6m 0.48% Added +1.3k +1,274
97 FIFTH THIRD BANCORP 0.05% of their portfolio CINCINNATI, OH 86,59386.6k $12.6m $12.6m 0.05% Reduced -9.4k -9,363
98 Edmonds Duncan Registered Investment Advisors, LLC 3.12% of their portfolio LAWRENCE, KS 82,84682.8k $12.0m $12.0m 3.12% Added +583 +583
99 AE Wealth Management LLC 0.06% of their portfolio TOPEKA, KS 82,19182.2k $11.8m $11.8m 0.06% Reduced -7.7k -7,688
100 State of Wisconsin - Board of Commissioners of Public Lands 2.92% of their portfolio MADISON, WI 81,53581.5k $11.8m $11.8m 2.92% Unchanged