Vault-13

VANGUARD INDEX FDS VBR

SM CP VAL ETF · ETP · CUSIP 922908611

1,239 institutional holders +30 vs Q1 2023
107,337,355107.3m shares reported held*
$14.3bnreported value*
74 new 481 added 466 reduced 56 sold out net bought ≈ $7.7m (+20.7m 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 ($44.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $133.45. Options: 4 managers hold calls ($9.6m notional), 4 hold puts ($7.5m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,090Q4 22: 1,221Q1 23: 1,209Q2 23: 1,2391,239Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,090
Q4 20221,221
Q1 20231,209
Q2 20231,239

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 23Q2 23: 555 bought or addedQ2 23: 522 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022586426
Q1 2023569498
Q2 2023555522

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 0.22Q2 23 calls: $9.6mQ2 23 puts: $7.5mQ2 23P/C 0.78
Numbers
QuarterCallsPutsP/C
Q3 2022$10.5m$7.7m0.74
Q4 2022$10.1m$6.0m0.59
Q1 2023$10.7m$2.4m0.22
Q2 2023$9.6m$7.5m0.78

Biggest buyers

Bishop & Co Investment Management, LLC Added +20,228,284+20.2m
EP Wealth Advisors, LLC Added +265,594+265.6k
Betterment LLC Added +254,146+254.1k
Pacific Life Fund Advisors LLC New +238,231+238.2k
Allworth Financial LP Added +207,857+207.9k
MORGAN STANLEY Added +148,613+148.6k
Retirement Investment Advisors, Inc. Added +116,415+116.4k
Cerity Partners LLC Added +111,562+111.6k
ASSETMARK, INC Added +107,367+107.4k
BlueCrest Capital Management Ltd New +90,983+91.0k

Biggest sellers

J.P. Morgan Private Wealth Advisors LLC Reduced -189,944-189.9k
BANK OF AMERICA CORP /DE/ Reduced -184,902-184.9k
BANK OF MONTREAL /CAN/ Reduced -157,536-157.5k
Thrivent Financial for Lutherans Reduced -125,012-125.0k
Border to Coast Pensions Partnership Ltd Sold out -117,482-117.5k
Relative Value Partners Group, LLC Reduced -101,290-101.3k
UBS Group AG Reduced -95,680-95.7k
Arista Wealth Management, LLC Reduced -95,363-95.4k
FMR LLC Reduced -94,923-94.9k
WELLS FARGO & COMPANY/MN Reduced -94,870-94.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.2m43.8k shares
CITADEL ADVISORS LLC Reduced $1.6m9.5k shares
Belvedere Trading LLC New $744.3k4.5k shares
Cutler Group LLC / CA New $0100 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.1m42.7k shares
CITADEL ADVISORS LLC Reduced $380.4k2.3k shares
Belvedere Trading LLC New $16.5k100 shares
Cutler Group LLC / CA New $0100 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Bishop & Co Investment Management, LLC 5.52% of their portfolio Erie, PA 20,349,33920.3m $123.0k $123.0k 5.52% Added +20.2m +20,228,284
2 BANK OF AMERICA CORP /DE/ 0.22% of their portfolio CHARLOTTE, NC 11,262,33411.3m $1.9bn $1.9bn 0.22% Reduced -184.9k -184,902
3 Betterment LLC 4.06% of their portfolio NEW YORK, NY 7,919,4237.9m $1.3bn $1.3bn 4.06% Added +254.1k +254,146
4 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 4,194,4184.2m $693.8m $693.8m 0.07% Added +148.6k +148,613
5 JONES FINANCIAL COMPANIES LLLP 0.87% of their portfolio DES PERES, MO 3,317,0753.3m $548.6m $548.6m 0.87% Reduced -26.1k -26,137
6 ENVESTNET ASSET MANAGEMENT INC 0.23% of their portfolio Berwyn, PA 3,135,1523.1m $518.6m $518.6m 0.23% Reduced -64.9k -64,893
7 ASSETMARK, INC 2.03% of their portfolio CONCORD, CA 3,130,8823.1m $517.8m $517.8m 2.03% Added +107.4k +107,367
8 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 1,725,5401.7m $285.4m $285.4m 0.08% Reduced -94.9k -94,870
9 UBS Group AG 0.12% of their portfolio ZURICH, V8 1,692,9431.7m $280.0m $280.0m 0.12% Reduced -95.7k -95,680
10 MATHER GROUP, LLC. 3.88% of their portfolio CHICAGO, IL 1,472,0731.5m $243.5m $243.5m 3.88% Reduced -7.6k -7,620
11 PNC Financial Services Group, Inc. 0.18% of their portfolio Pittsburgh, PA 1,296,3581.3m $214.4m $214.4m 0.18% Added +23.6k +23,578
12 Hackensack Meridian Health, Inc. 26.17% of their portfolio EDISON, NJ 1,152,6041.2m $190.6m $190.6m 26.17% Added +2.0k +1,983
13 SEI INVESTMENTS CO 0.32% of their portfolio OAKS, PA 1,105,7771.1m $182.9m $182.9m 0.32% Added +71.5k +71,486
14 LPL Financial LLC 0.13% of their portfolio FORT MILL, SC 1,092,4571.1m $180.7m $180.7m 0.13% Added +5.5k +5,532
15 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 1,062,1941.1m $175.7m $175.7m 0.04% Reduced -32.9k -32,875
16 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.87% of their portfolio IRVING, TX 966,072966.1k $159.8m $159.8m 0.87% Added +9.2k +9,184
17 CHOREO, LLC 5.27% of their portfolio ROCKFORD, IL 932,194932.2k $154.2m $154.2m 5.27% Added +24.5k +24,489
18 HighTower Advisors, LLC 0.27% of their portfolio CHICAGO, IL 826,348826.3k $136.7m $136.7m 0.27% Added +2.6k +2,565
19 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 730,246730.2k $120.7m $120.7m 0.04% Reduced -49.4k -49,375
20 ASPIRIANT, LLC 6.05% of their portfolio San Francisco, CA 723,574723.6k $119.7m $119.7m 6.05% Added +14 +14
21 Allworth Financial LP 0.96% of their portfolio FOLSOM, CA 686,168686.2k $113.5m $113.5m 0.96% Added +207.9k +207,857
22 Efficient Advisors, LLC 7.02% of their portfolio BEAVERTON, OR 649,615649.6k $107.4m $107.4m 7.02% Added +59.0k +58,993
23 TIAA, FSB 0.37% of their portfolio ST. LOUIS, MO 623,414623.4k $103.1m $103.1m 0.37% Added +8.2k +8,230
24 COMMONWEALTH EQUITY SERVICES, LLC 0.20% of their portfolio WALTHAM, MA 595,985596.0k $98.6m $98.6m 0.20% Reduced -4.2k -4,183
25 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 568,006568.0k $93.9m $93.9m 0.03% Reduced -26.0k -26,047
26 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 534,293534.3k $88.6m $88.6m 0.03% Reduced -157.5k -157,536
27 Symmetry Partners, LLC 4.53% of their portfolio GLASTONBURY, CT 516,382516.4k $85.4m $85.4m 4.53% Added +18.7k +18,713
28 Raymond James Financial Services Advisors, Inc. 0.15% of their portfolio ST. PETERSBURG, FL 501,403501.4k $82.9m $82.9m 0.15% Added +20.9k +20,948
29 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.10% of their portfolio MILWAUKEE, WI 485,943485.9k $80.4m $80.4m 0.10% Added +11.3k +11,255
30 Savant Capital, LLC 1.15% of their portfolio ROCKFORD, IL 442,660442.7k $73.2m $73.2m 1.15% Reduced -7.3k -7,302
31 STEPHENS GROUP ASSET MANAGEMENT, LLC 7.08% of their portfolio LITTLE ROCK, AR 436,181436.2k $72.1m $72.1m 7.08% Added +73.1k +73,128
32 OSAIC HOLDINGS, INC. 0.13% of their portfolio SCOTTSDALE, AZ 435,690435.7k $72.1m $72.1m 0.13% Reduced -49.8k -49,761
33 EP Wealth Advisors, LLC 0.08% of their portfolio TORRANCE, CA 431,432431.4k $5.2m $5.2m 0.08% Added +265.6k +265,594
34 TD AMERITRADE INVESTMENT MANAGEMENT, LLC 0.72% of their portfolio OMAHA, NE 410,317410.3k $67.9m $67.9m 0.72% Reduced -18.1k -18,069
35 Foster Group, Inc. 4.04% of their portfolio WEST DES MOINES, IA 407,615407.6k $67.4m $67.4m 4.04% Added +12.1k +12,145
36 Rockefeller Capital Management L.P. 0.26% of their portfolio NEW YORK, NY 399,937399.9k $66.1m $66.1m 0.26% First filing
37 Retirement Systems of Alabama 0.28% of their portfolio MONTGOMERY, AL 382,480382.5k $63.3m $63.3m 0.28% Unchanged
38 Comprehensive Financial Management LLC 2.07% of their portfolio Los Gatos, CA 379,501379.5k $62.8m $62.8m 2.07% Unchanged
39 Mariner, LLC 0.16% of their portfolio Overland Park, KS 361,941361.9k $59.9m $59.9m 0.16% Added +944 +944
40 RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio ST PETERSBURG, FL 353,599353.6k $58.5m $58.5m 0.05% Added +4.4k +4,439
41 RWA WEALTH PARTNERS, LLC 1.23% of their portfolio BOSTON, MA 340,105340.1k $56.3m $56.3m 1.23% Added +29.5k +29,456
42 EXENCIAL WEALTH ADVISORS, LLC 2.58% of their portfolio OKLAHOMA CITY, OK 340,086340.1k $56.3m $56.3m 2.58% Reduced -4.1k -4,117
43 PDS Planning, Inc 7.06% of their portfolio DUBLIN, OH 333,804333.8k $55.2m $55.2m 7.06% Added +27.2k +27,232
44 Mill Creek Capital Advisors, LLC 1.78% of their portfolio Conshohocken, PA 333,519333.5k $55.2m $55.2m 1.78% Added +9.4k +9,372
45 BESSEMER GROUP INC 0.11% of their portfolio WOODBRIDGE, NJ 311,637311.6k $51.5m $51.5m 0.11% Unchanged
46 Verus Financial Partners, Inc. 6.55% of their portfolio RICHMOND, VA 300,977301.0k $51.9m $51.9m 6.55% Added +6.6k +6,568
47 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 299,794299.8k $49.6m $49.6m 0.01% Added +38.4k +38,426
48 Mason Investment Advisory Services, Inc. 4.20% of their portfolio RESTON, VA 294,317294.3k $48.7m $48.7m 4.20% Reduced -281 -281
49 Rodgers & Associates, LTD 6.80% of their portfolio Lancaster, PA 284,722284.7k $47.1m $47.1m 6.80% Added +15.2k +15,159
50 Modera Wealth Management, LLC 0.84% of their portfolio WESTWOOD, NJ 280,289280.3k $46.4m $46.4m 0.84% Added +58.4k +58,391
51 Retirement Investment Advisors, Inc. 5.55% of their portfolio OKLAHOMA CITY, OK 279,805279.8k $46.3m $46.3m 5.55% Added +116.4k +116,415
52 Cambridge Investment Research Advisors, Inc. 0.20% of their portfolio FAIRFIELD, IA 267,151267.2k $44.2m $44.2m 0.20% Reduced -24.0k -24,048
53 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 264,741264.7k $43.8m $43.8m 0.06% Added +515 +515
54 Zhang Financial LLC 4.41% of their portfolio PORTAGE, MI 259,367259.4k $43.0m $43.0m 4.41% Reduced -6.4k -6,352
55 LINCOLN NATIONAL CORP 0.82% of their portfolio RADNOR, PA 252,291252.3k $41.7m $41.7m 0.82% Added +21.3k +21,294
56 Mokosak Advisory Group, LLC 16.46% of their portfolio URBANDALE, IA 251,706251.7k $41.6m $41.6m 16.46% Added +11.2k +11,183
57 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 243,251243.3k $40.2m $40.2m 0.05% Reduced -6.9k -6,905
58 Pacific Life Fund Advisors LLC 4.01% of their portfolio NEWPORT BEACH, CA 238,231238.2k $39.4m $39.4m 4.01% New
59 Bragg Financial Advisors, Inc 2.16% of their portfolio CHARLOTTE, NC 237,849237.8k $39.3m $39.3m 2.16% Added +22.5k +22,494
60 COLONY GROUP LLC 0.55% of their portfolio Boston, MA 235,041235.0k $38.9m $38.9m 0.55% Reduced -8.3k -8,308
61 MML INVESTORS SERVICES, LLC 0.21% of their portfolio SPRINGFIELD, MA 234,481234.5k $38.8m $38.8m 0.21% Added +6.8k +6,777
62 Equitable Holdings, Inc. 0.56% of their portfolio NEW YORK, NY 233,491233.5k $38.6m $38.6m 0.56% Added +1.3k +1,304
63 PARK AVENUE SECURITIES LLC 0.60% of their portfolio NEW YORK, NY 228,947228.9k $37.9m $37.9m 0.60% Added +43.4k +43,400
64 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 224,544224.5k $37.1m $37.1m 0.06% Reduced -9.7k -9,655
65 Cerity Partners LLC 0.14% of their portfolio NEW YORK, NY 224,484224.5k $37.1m $37.1m 0.14% Added +111.6k +111,562
66 THOMPSON SIEGEL & WALMSLEY LLC 0.58% of their portfolio RICHMOND, VA 221,706221.7k $36.7m $36.7m 0.58% Added +2.0k +1,985
67 Merriman Wealth Management, LLC 1.80% of their portfolio SEATTLE, WA 220,756220.8k $36.5m $36.5m 1.80% Reduced -18.4k -18,427
68 Center for Financial Planning, Inc. 7.38% of their portfolio SOUTHFIED, MI 212,580212.6k $35.2m $35.2m 7.38% Added +2.0k +1,955
69 BAILARD, INC. 1.21% of their portfolio Foster City, CA 209,752209.8k $34.7m $34.7m 1.21% Added +8.3k +8,256
70 Cresset Asset Management, LLC 0.24% of their portfolio Chicago, IL 208,325208.3k $34.5m $34.5m 0.24% Reduced -34.8k -34,769
71 BUCKINGHAM STRATEGIC WEALTH, LLC 0.48% of their portfolio CLAYTON, MO 204,866204.9k $33.9m $33.9m 0.48% Added +6.7k +6,702
72 STEPHENS INC /AR/ 0.60% of their portfolio LITTLE ROCK, AR 202,002202.0k $33.4m $33.4m 0.60% Reduced -5.3k -5,289
73 J.P. Morgan Private Wealth Advisors LLC 0.17% of their portfolio SAN FRANCISCO, CA 201,951202.0k $33.4m $33.4m 0.17% Reduced -189.9k -189,944
74 INSPIRION WEALTH ADVISORS, LLC 6.28% of their portfolio LIBERTYVILLE, IL 198,056198.1k $32.8m $32.8m 6.28% Added +7.1k +7,062
75 Waldron Private Wealth LLC 1.61% of their portfolio BRIDGEVILLE, PA 195,341195.3k $32.3m $32.3m 1.61% Reduced -26.5k -26,507
76 Summit Financial, LLC 2.35% of their portfolio PARSIPPANY, NJ 194,650194.7k $32.2m $32.2m 2.35% Added +327 +327
77 MONETA GROUP INVESTMENT ADVISORS LLC 0.71% of their portfolio ST LOUIS, MO 192,456192.5k $31.8m $31.8m 0.71% Added +12.4k +12,368
78 Abacus Planning Group, Inc. 7.51% of their portfolio COLUMBIA, SC 187,695187.7k $31.0m $31.0m 7.51% Added +10.6k +10,626
79 MBB PUBLIC MARKETS I LLC 1.76% of their portfolio CHICAGO, IL 187,014187.0k $30.9m $30.9m 1.76% Added +4.3k +4,317
80 Gallagher Fiduciary Advisors, LLC 2.35% of their portfolio ROLLING MEADOWS, IL 186,823186.8k $30.9m $30.9m 2.35% Added +3.6k +3,581
81 JMG Financial Group, Ltd. 1.39% of their portfolio DOWNERS GROVE, IL 179,859179.9k $29.7m $29.7m 1.39% Added +36.7k +36,708
82 Henshaw Capital LLC 1.68% of their portfolio WOBURN, MA 177,150177.2k $29.3m $29.3m 1.68% Unchanged
83 Cetera Advisor Networks LLC 0.20% of their portfolio EL SEGUNDO, CA 174,753174.8k $28.9m $28.9m 0.20% Reduced -943 -943
84 25 LLC 16.41% of their portfolio ST. LOUIS, MO 173,992174.0k $29.6m $29.6m 16.41% Added +7.6k +7,587
85 US BANCORP \DE\ 0.04% of their portfolio MINNEAPOLIS, MN 166,240166.2k $27.5m $27.5m 0.04% Reduced -8.3k -8,282
86 Shepherd Financial Partners LLC 4.14% of their portfolio WINCHESTER, MA 161,345161.3k $26.7m $26.7m 4.14% Added +2.1k +2,085
87 PRUDENTIAL FINANCIAL INC 0.04% of their portfolio NEWARK, NJ 157,963158.0k $26.1m $26.1m 0.04% Added +3.8k +3,809
88 Tradition Wealth Management, LLC 3.05% of their portfolio EDINA, MN 157,707157.7k $26.1m $26.1m 3.05% Added +9.2k +9,225
89 CAPTRUST FINANCIAL ADVISORS 0.10% of their portfolio RALEIGH, NC 149,748149.7k $24.8m $24.8m 0.10% Reduced -23.4k -23,424
90 Thrivent Financial for Lutherans 0.06% of their portfolio Minneapolis, MN 146,483146.5k $24.2m $24.2m 0.06% Reduced -125.0k -125,012
91 Coastline Trust Co 3.32% of their portfolio PROVIDENCE, RI 143,402143.4k $23.7m $23.7m 3.32% Added +35.6k +35,576
92 Wealth Architects, LLC 3.82% of their portfolio MOUNTAIN VIEW, CA 139,861139.9k $23.1m $23.1m 3.82% Reduced -2.0k -1,976
93 Cetera Investment Advisers 0.19% of their portfolio SCHAUMBURG, IL 139,469139.5k $23.1m $23.1m 0.19% Added +5.4k +5,399
94 Asset Management Group, Inc. 4.83% of their portfolio STAMFORD, CT 137,567137.6k $22.8m $22.8m 4.83% Added +95 +95
95 Strategies Wealth Advisors, LLC 4.60% of their portfolio GRAND RAPIDS, MI 136,008136.0k $22.5m $22.5m 4.60% Added +7.2k +7,234
96 Apella Capital, LLC 1.59% of their portfolio WEST HARTFORD, CT 135,316135.3k $22.4m $22.4m 1.59% First filing
97 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.90% of their portfolio Seattle, WA 134,469134.5k $22.2m $22.2m 0.90% Reduced -22.7k -22,723
98 FIFTH THIRD BANCORP 0.10% of their portfolio CINCINNATI, OH 134,411134.4k $22.2m $22.2m 0.10% Added +581 +581
99 Marotta Asset Management 4.91% of their portfolio CHARLOTTESVILLE, VA 133,101133.1k $22.0m $22.0m 4.91% First filing
100 BHK Investment Advisors, LLC 9.41% of their portfolio BIRMINGHAM, AL 132,945132.9k $22.0m $22.0m 9.41% Reduced -1.9k -1,853