Vault-13

VANGUARD INDEX FDS VBR

SM CP VAL ETF · ETP · CUSIP 922908611

1,209 institutional holders -12 vs Q4 2022
85,117,39785.1m shares reported held*
$13.5bnreported value*
65 new 504 added 429 reduced 69 sold out net bought ≈ $34.7m (+191.5k 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 ($162.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $158.93. Options: 2 managers hold calls ($10.7m notional), 3 hold puts ($2.4m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,090Q4 22: 1,221Q1 23: 1,2091,209Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20221,090
Q4 20221,221
Q1 20231,209

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 586 bought or addedQ4 22: 426 cut or sold outQ4 22Q1 23: 569 bought or addedQ1 23: 498 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022586426
Q1 2023569498

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $10.5mQ3 22 puts: $7.7mQ3 22P/C 0.74Q4 22 calls: $10.1mQ4 22 puts: $6.0mQ4 22P/C 0.59Q1 23 calls: $10.7mQ1 23 puts: $2.4mQ1 23P/C 0.22
Numbers
QuarterCallsPutsP/C
Q3 2022$10.5m$7.7m0.74
Q4 2022$10.1m$6.0m0.59
Q1 2023$10.7m$2.4m0.22

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +746,359+746.4k
Betterment LLC Added +206,035+206.0k
Gallagher Fiduciary Advisors, LLC New +183,242+183.2k
Retirement Investment Advisors, Inc. Added +125,398+125.4k
Relative Value Partners Group, LLC Added +111,601+111.6k
FMR LLC Added +103,158+103.2k
EP Wealth Advisors, LLC Added +84,952+85.0k
Tradition Wealth Management, LLC Added +73,362+73.4k
BANK OF MONTREAL /CAN/ Added +72,882+72.9k
Coastline Trust Co Added +57,850+57.9k

Biggest sellers

Allworth Financial LP Reduced -380,321-380.3k
1832 Asset Management L.P. Reduced -322,029-322.0k
MORGAN STANLEY Reduced -198,725-198.7k
J.P. Morgan Private Wealth Advisors LLC Reduced -166,254-166.3k
MBB PUBLIC MARKETS I LLC Reduced -143,733-143.7k
Ocean Park Asset Management, LLC Sold out -131,000-131.0k
Mason Investment Advisory Services, Inc. Reduced -102,726-102.7k
Merriman Wealth Management, LLC Reduced -99,418-99.4k
World Investment Advisors Reduced -77,307-77.3k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -75,936-75.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.6m41.8k shares
CITADEL ADVISORS LLC Reduced $4.1m25.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4m8.8k shares
CITADEL ADVISORS LLC Added $968.4k6.1k shares
WELLS FARGO & COMPANY/MN New $31.8k200 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 BANK OF AMERICA CORP /DE/ 0.21% of their portfolio CHARLOTTE, NC 11,447,23611.4m $1.8bn $1.8bn 0.21% Added +746.4k +746,359
2 Betterment LLC 3.94% of their portfolio NEW YORK, NY 7,665,2777.7m $1.2bn $1.2bn 3.94% Added +206.0k +206,035
3 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 4,045,8054.0m $642.3m $642.3m 0.07% Reduced -198.7k -198,725
4 JONES FINANCIAL COMPANIES LLLP 0.87% of their portfolio DES PERES, MO 3,343,2123.3m $530.8m $530.8m 0.87% Reduced -46.1k -46,099
5 ENVESTNET ASSET MANAGEMENT INC 0.24% of their portfolio Berwyn, PA 3,200,0453.2m $508.0m $508.0m 0.24% Added +38.5k +38,454
6 ASSETMARK, INC 1.98% of their portfolio CONCORD, CA 3,023,5153.0m $480.0m $480.0m 1.98% Added +32.1k +32,072
7 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 1,820,4101.8m $289.0m $289.0m 0.09% Added +1.7k +1,695
8 UBS Group AG 0.13% of their portfolio ZURICH, V8 1,788,6231.8m $284.0m $284.0m 0.13% Reduced -48.8k -48,772
9 MATHER GROUP, LLC. 4.17% of their portfolio CHICAGO, IL 1,479,6931.5m $234.9m $234.9m 4.17% Added +24.4k +24,444
10 PNC Financial Services Group, Inc. 0.18% of their portfolio Pittsburgh, PA 1,272,7801.3m $202.1m $202.1m 0.18% Reduced -6.5k -6,531
11 Hackensack Meridian Health, Inc. 26.42% of their portfolio EDISON, NJ 1,150,6211.2m $182.7m $182.7m 26.42% Added +2.1k +2,132
12 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 1,095,0691.1m $173.9m $173.9m 0.05% Added +54.1k +54,138
13 LPL Financial LLC 0.13% of their portfolio FORT MILL, SC 1,086,9251.1m $172.6m $172.6m 0.13% Added +45.0k +45,030
14 SEI INVESTMENTS CO 0.31% of their portfolio OAKS, PA 1,034,2911.0m $164.2m $164.2m 0.31% Added +39.4k +39,366
15 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.85% of their portfolio IRVING, TX 956,888956.9k $151.9m $151.9m 0.85% Reduced -28.8k -28,798
16 CHOREO, LLC 5.09% of their portfolio ROCKFORD, IL 907,705907.7k $144.1m $144.1m 5.09% Added +2.9k +2,856
17 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 823,783823.8k $130.8m $130.8m 0.29% Added +47.1k +47,076
18 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 779,621779.6k $124.0m $124.0m 0.04% Added +23.5k +23,462
19 ASPIRIANT, LLC 6.01% of their portfolio San Francisco, CA 723,560723.6k $114.9m $114.9m 6.01% Reduced -5.9k -5,930
20 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 691,829691.8k $109.9m $109.9m 0.05% Added +72.9k +72,882
21 TIAA, FSB 0.36% of their portfolio ST. LOUIS, MO 615,184615.2k $97.7m $97.7m 0.36% Reduced -27.2k -27,233
22 COMMONWEALTH EQUITY SERVICES, LLC 0.20% of their portfolio WALTHAM, MA 600,168600.2k $95.3m $95.3m 0.20% Added +12.1k +12,103
23 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 594,053594.1k $94.3m $94.3m 0.03% Reduced -28.4k -28,421
24 Efficient Advisors, LLC 6.53% of their portfolio BEAVERTON, OR 590,622590.6k $93.8m $93.8m 6.53% Added +18.4k +18,437
25 Symmetry Partners, LLC 4.33% of their portfolio GLASTONBURY, CT 497,669497.7k $78.5m $78.5m 4.33% Added +26.1k +26,104
26 OSAIC HOLDINGS, INC. 0.15% of their portfolio SCOTTSDALE, AZ 485,451485.5k $77.1m $77.1m 0.15% Added +3.7k +3,708
27 Raymond James Financial Services Advisors, Inc. 0.14% of their portfolio ST. PETERSBURG, FL 480,455480.5k $76.3m $76.3m 0.14% Added +7.7k +7,679
28 Allworth Financial LP 0.76% of their portfolio FOLSOM, CA 478,311478.3k $75.9m $75.9m 0.76% Reduced -380.3k -380,321
29 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.11% of their portfolio MILWAUKEE, WI 474,688474.7k $75.4m $75.4m 0.11% Added +20.6k +20,598
30 Savant Capital, LLC 1.33% of their portfolio ROCKFORD, IL 449,962450.0k $71.4m $71.4m 1.33% Added +7.3k +7,278
31 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 0.70% of their portfolio OMAHA, NE 428,386428.4k $68.0m $68.0m 0.70% Reduced -25.7k -25,698
32 Foster Group, Inc. 3.97% of their portfolio WEST DES MOINES, IA 395,470395.5k $62.8m $62.8m 3.97% Added +573 +573
33 J.P. Morgan Private Wealth Advisors LLC 0.13% of their portfolio SAN FRANCISCO, CA 391,895391.9k $62.2m $62.2m 0.13% Reduced -166.3k -166,254
34 Retirement Systems of Alabama 0.26% of their portfolio MONTGOMERY, AL 382,480382.5k $60.7m $60.7m 0.26% Unchanged
35 Comprehensive Financial Management LLC 1.83% of their portfolio Los Gatos, CA 379,501379.5k $60.2m $60.2m 1.83% Unchanged
36 STEPHENS GROUP ASSET MANAGEMENT, LLC 6.24% of their portfolio LITTLE ROCK, AR 363,053363.1k $57.6m $57.6m 6.24% Reduced -143 -143
37 Mariner, LLC 0.17% of their portfolio Overland Park, KS 360,997361.0k $57.3m $57.3m 0.17% Added +5.7k +5,650
38 RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio ST PETERSBURG, FL 349,160349.2k $55.4m $55.4m 0.05% Reduced -41.1k -41,139
39 EXENCIAL WEALTH ADVISORS, LLC 2.84% of their portfolio OKLAHOMA CITY, OK 344,203344.2k $54.6m $54.6m 2.84% Added +712 +712
40 Mill Creek Capital Advisors, LLC 1.90% of their portfolio Conshohocken, PA 324,147324.1k $51.5m $51.5m 1.90% Added +8.9k +8,895
41 BESSEMER GROUP INC 0.12% of their portfolio WOODBRIDGE, NJ 311,637311.6k $49.5m $49.5m 0.12% Added +242 +242
42 RWA WEALTH PARTNERS, LLC 1.18% of their portfolio BOSTON, MA 310,649310.6k $49.3m $49.3m 1.18% Added +13.6k +13,603
43 PDS Planning, Inc 6.71% of their portfolio DUBLIN, OH 306,572306.6k $48.7m $48.7m 6.71% Added +19.2k +19,168
44 Mason Investment Advisory Services, Inc. 4.26% of their portfolio RESTON, VA 294,598294.6k $46.8m $46.8m 4.26% Reduced -102.7k -102,726
45 Verus Financial Partners, Inc. 6.05% of their portfolio RICHMOND, VA 294,409294.4k $44.4m $44.4m 6.05% Added +2.2k +2,210
46 Cambridge Investment Research Advisors, Inc. 0.23% of their portfolio FAIRFIELD, IA 291,199291.2k $46.2m $46.2m 0.23% Added +1.8k +1,844
47 Thrivent Financial for Lutherans 0.10% of their portfolio Minneapolis, MN 271,495271.5k $43.0m $43.0m 0.10% Added +36.8k +36,761
48 Rodgers & Associates, LTD 6.64% of their portfolio Lancaster, PA 269,563269.6k $42.8m $42.8m 6.64% Added +879 +879
49 Zhang Financial LLC 4.82% of their portfolio PORTAGE, MI 265,719265.7k $42.2m $42.2m 4.82% Reduced -898 -898
50 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 264,226264.2k $42.0m $42.0m 0.06% Added +13.1k +13,099
51 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 261,368261.4k $41.5m $41.5m 0.01% Added +40.9k +40,900
52 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 250,156250.2k $39.7m $39.7m 0.06% Reduced -14.5k -14,527
53 COLONY GROUP LLC 0.57% of their portfolio Boston, MA 243,349243.3k $38.6m $38.6m 0.57% Reduced -16.5k -16,477
54 Cresset Asset Management, LLC 0.77% of their portfolio Chicago, IL 243,094243.1k $38.6m $38.6m 0.77% Added +14.4k +14,383
55 Mokosak Advisory Group, LLC 16.27% of their portfolio URBANDALE, IA 240,523240.5k $38.2m $38.2m 16.27% Reduced -2.1k -2,091
56 Merriman Wealth Management, LLC 1.96% of their portfolio SEATTLE, WA 239,183239.2k $38.0m $38.0m 1.96% Reduced -99.4k -99,418
57 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 234,199234.2k $37.2m $37.2m 0.06% Reduced -12.7k -12,742
58 Equitable Holdings, Inc. 0.59% of their portfolio NEW YORK, NY 232,187232.2k $36.9m $36.9m 0.59% Added +22.5k +22,494
59 LINCOLN NATIONAL CORP 0.77% of their portfolio RADNOR, PA 230,997231.0k $36.7m $36.7m 0.77% Added +643 +643
60 MML INVESTORS SERVICES, LLC 0.26% of their portfolio SPRINGFIELD, MA 227,704227.7k $36.1m $36.1m 0.26% Reduced -19.1k -19,133
61 Modera Wealth Management, LLC 1.37% of their portfolio WESTWOOD, NJ 221,898221.9k $35.2m $35.2m 1.37% Reduced -4.9k -4,874
62 Waldron Private Wealth LLC 1.71% of their portfolio BRIDGEVILLE, PA 221,848221.8k $35.2m $35.2m 1.71% Added +22.8k +22,831
63 THOMPSON SIEGEL & WALMSLEY LLC 0.56% of their portfolio RICHMOND, VA 219,721219.7k $34.9m $34.9m 0.56% Added +4.0k +3,959
64 Bragg Financial Advisors, Inc 2.02% of their portfolio CHARLOTTE, NC 215,355215.4k $34.2m $34.2m 2.02% Added +7.3k +7,276
65 Center for Financial Planning, Inc. 7.71% of their portfolio SOUTHFIED, MI 210,625210.6k $33.4m $33.4m 7.71% Reduced -1.7k -1,651
66 STEPHENS INC /AR/ 0.63% of their portfolio LITTLE ROCK, AR 207,291207.3k $32.9m $32.9m 0.63% Reduced -1.0k -1,012
67 Relative Value Partners Group, LLC 1.12% of their portfolio NORTHBROOK, IL 207,190207.2k $32.9m $32.9m 1.12% Added +111.6k +111,601
68 BAILARD, INC. 1.15% of their portfolio Foster City, CA 201,496201.5k $32.0m $32.0m 1.15% Reduced -63.3k -63,301
69 BUCKINGHAM STRATEGIC WEALTH, LLC 0.57% of their portfolio CLAYTON, MO 198,164198.2k $31.5m $31.5m 0.57% Unchanged
70 Summit Financial, LLC 2.70% of their portfolio PARSIPPANY, NJ 194,323194.3k $30.9m $30.9m 2.70% Reduced -3.0k -3,018
71 INSPIRION WEALTH ADVISORS, LLC 6.08% of their portfolio LIBERTYVILLE, IL 190,994191.0k $30.3m $30.3m 6.08% Reduced -77 -77
72 PARK AVENUE SECURITIES LLC 0.51% of their portfolio NEW YORK, NY 185,547185.5k $29.5m $29.5m 0.51% Added +25.7k +25,654
73 FMR LLC 0.00% of their portfolio BOSTON, MA 185,258185.3k $29.4m $29.4m 0.00% Added +103.2k +103,158
74 Gallagher Fiduciary Advisors, LLC 2.40% of their portfolio ROLLING MEADOWS, IL 183,242183.2k $29.1m $29.1m 2.40% New
75 MBB PUBLIC MARKETS I LLC 1.68% of their portfolio CHICAGO, IL 182,697182.7k $29.0m $29.0m 1.68% Reduced -143.7k -143,733
76 MONETA GROUP INVESTMENT ADVISORS LLC 0.69% of their portfolio ST LOUIS, MO 180,088180.1k $28.6m $28.6m 0.69% Added +49.4k +49,367
77 Henshaw Capital LLC 1.73% of their portfolio WOBURN, MA 177,150177.2k $28.1m $28.1m 1.73% Unchanged
78 Abacus Planning Group, Inc. 7.24% of their portfolio COLUMBIA, SC 177,069177.1k $28.1m $28.1m 7.24% Added +3.7k +3,723
79 Cetera Advisor Networks LLC 0.21% of their portfolio EL SEGUNDO, CA 175,696175.7k $27.9m $27.9m 0.21% Reduced -4.8k -4,771
80 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 174,522174.5k $27.7m $27.7m 0.05% Reduced -5.1k -5,091
81 CAPTRUST FINANCIAL ADVISORS 0.12% of their portfolio RALEIGH, NC 173,172173.2k $27.5m $27.5m 0.12% Reduced -72.7k -72,741
82 25 LLC 15.84% of their portfolio ST. LOUIS, MO 166,405166.4k $25.6m $25.6m 15.84% First filing
83 EP Wealth Advisors, LLC 0.61% of their portfolio TORRANCE, CA 165,838165.8k $35.9m $35.9m 0.61% Added +85.0k +84,952
84 Retirement Investment Advisors, Inc. 4.64% of their portfolio OKLAHOMA CITY, OK 163,390163.4k $25.9m $25.9m 4.64% Added +125.4k +125,398
85 Shepherd Financial Partners LLC 4.23% of their portfolio WINCHESTER, MA 159,260159.3k $25.3m $25.3m 4.23% Reduced -2.3k -2,297
86 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 1.08% of their portfolio Seattle, WA 157,192157.2k $25.0m $25.0m 1.08% Added +7.4k +7,410
87 Wharton Business Group, LLC 1.48% of their portfolio MALVERN, PA 156,042156.0k $24.8m $24.8m 1.48% Reduced -6.0k -5,990
88 PRUDENTIAL FINANCIAL INC 0.04% of their portfolio NEWARK, NJ 154,154154.2k $23.4m $23.4m 0.04% Added +7.5k +7,536
89 Tradition Wealth Management, LLC 2.93% of their portfolio EDINA, MN 148,482148.5k $23.6m $23.6m 2.93% Added +73.4k +73,362
90 JMG Financial Group, Ltd. 1.15% of their portfolio DOWNERS GROVE, IL 143,151143.2k $22.7m $22.7m 1.15% Reduced -39.0k -38,979
91 Wealth Architects, LLC 3.99% of their portfolio MOUNTAIN VIEW, CA 141,837141.8k $22.5m $22.5m 3.99% Reduced -2.2k -2,210
92 Asset Management Group, Inc. 4.87% of their portfolio STAMFORD, CT 137,472137.5k $21.8m $21.8m 4.87% Added +2.9k +2,899
93 BHK Investment Advisors, LLC 9.35% of their portfolio BIRMINGHAM, AL 134,798134.8k $21.4m $21.4m 9.35% Added +30.4k +30,419
94 Cetera Investment Advisers 0.19% of their portfolio SCHAUMBURG, IL 134,070134.1k $21.3m $21.3m 0.19% Reduced -8.8k -8,801
95 FIFTH THIRD BANCORP 0.10% of their portfolio CINCINNATI, OH 133,830133.8k $21.2m $21.2m 0.10% Added +58 +58
96 AE Wealth Management LLC 0.13% of their portfolio TOPEKA, KS 131,680131.7k $20.9m $20.9m 0.13% Reduced -12.9k -12,906
97 Strategies Wealth Advisors, LLC 4.50% of their portfolio GRAND RAPIDS, MI 128,774128.8k $20.4m $20.4m 4.50% Added +7.1k +7,148
98 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 124,194124.2k $19.7m $19.7m 0.05% Reduced -3.4k -3,383
99 Northwest Quadrant Wealth Management, LLC 5.60% of their portfolio BEND, OR 122,489122.5k $19.4m $19.4m 5.60% Added +7.3k +7,280
100 Bishop & Co Investment Management, LLC 8.85% of their portfolio Erie, PA 121,055121.1k $19.2m $19.2m 8.85% Added +354 +354