Vault-13

VANGUARD INDEX FDS VBR

SM CP VAL ETF · ETP · CUSIP 922908611

1,379 institutional holders -7 vs Q4 2023
96,029,01596.0m shares reported held*
$18.3bnreported value*
66 new 529 added 529 reduced 74 sold out net bought ≈ $641.3m (+3.5m 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 ($58.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $191.01. Options: 3 managers hold calls ($11.3m notional), 4 hold puts ($3.5m).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,090Q4 22: 1,221Q1 23: 1,209Q2 23: 1,239Q3 23: 1,241Q4 23: 1,386Q1 24: 1,3791,379Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 20221,090
Q4 20221,221
Q1 20231,209
Q2 20231,239
Q3 20231,241
Q4 20231,386
Q1 20241,379

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 23Q3 23: 565 bought or addedQ3 23: 494 cut or sold outQ3 23Q4 23: 606 bought or addedQ4 23: 527 cut or sold outQ4 23Q1 24: 595 bought or addedQ1 24: 603 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022586426
Q1 2023569498
Q2 2023555522
Q3 2023565494
Q4 2023606527
Q1 2024595603

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 23 calls: $9.6mQ2 23 puts: $7.5mQ2 23P/C 0.78Q3 23 calls: $10.0mQ3 23 puts: $3.4mQ3 23P/C 0.34Q4 23 calls: $31.7mQ4 23 puts: $6.1mQ4 23P/C 0.19Q1 24 calls: $11.3mQ1 24 puts: $3.5mQ1 24P/C 0.31
Numbers
QuarterCallsPutsP/C
Q2 2023$9.6m$7.5m0.78
Q3 2023$10.0m$3.4m0.34
Q4 2023$31.7m$6.1m0.19
Q1 2024$11.3m$3.5m0.31

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +5,032,701+5.0m
MORGAN STANLEY Added +3,925,466+3.9m
SageView Advisory Group, LLC Added +465,847+465.8k
Cetera Investment Advisers Added +460,617+460.6k
Global Assets Advisory, LLC New +226,759+226.8k
ASSETMARK, INC Added +215,770+215.8k
Empowered Funds, LLC Added +187,307+187.3k
MONETA GROUP INVESTMENT ADVISORS LLC Added +90,213+90.2k
Mill Creek Capital Advisors, LLC Added +65,167+65.2k
SEI INVESTMENTS CO Added +59,520+59.5k

Biggest sellers

Betterment LLC Reduced -3,814,106-3.8m
GOLDMAN SACHS GROUP INC Reduced -532,178-532.2k
Cetera Advisor Networks LLC Sold out -410,063-410.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -405,398-405.4k
CAPTRUST FINANCIAL ADVISORS Reduced -302,151-302.2k
Symmetry Partners, LLC Reduced -219,537-219.5k
JONES FINANCIAL COMPANIES LLLP Reduced -218,303-218.3k
OSAIC HOLDINGS, INC. Reduced -212,299-212.3k
MBB PUBLIC MARKETS I LLC Sold out -136,543-136.5k
AE Wealth Management LLC Reduced -92,176-92.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $10.3m53.5k shares
CITADEL ADVISORS LLC Reduced $940.2k4.9k shares
Cutler Group LLC / CA Reduced $115.0k4.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.4m12.7k shares
OAK HILL WEALTH ADVISORS, LLC New $729.1k3.8k shares
BANK OF AMERICA CORP /DE/ New $211.1k1.1k shares
CITADEL ADVISORS LLC Reduced $172.7k900 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.30% of their portfolio CHARLOTTE, NC 15,767,49015.8m $3.0bn $3.0bn 0.30% Added +5.0m +5,032,701
2 MORGAN STANLEY 0.06% of their portfolio NEW YORK, NY 12,493,32612.5m $2.4bn $2.4bn 0.06% Added +3.9m +3,925,466
3 Betterment LLC 2.19% of their portfolio NEW YORK, NY 4,261,6054.3m $817.7m $817.7m 2.19% Reduced -3.8m -3,814,106
4 ASSETMARK, INC 2.21% of their portfolio CONCORD, CA 3,534,8643.5m $678.3m $678.3m 2.21% Added +215.8k +215,770
5 JONES FINANCIAL COMPANIES LLLP 0.79% of their portfolio DES PERES, MO 3,036,9743.0m $582.7m $582.7m 0.79% Reduced -218.3k -218,303
6 ENVESTNET ASSET MANAGEMENT INC 0.16% of their portfolio Berwyn, PA 2,173,3902.2m $417.0m $417.0m 0.16% Reduced -405.4k -405,398
7 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 1,570,5611.6m $301.4m $301.4m 0.08% Added +36.3k +36,348
8 UBS Group AG 0.10% of their portfolio ZURICH, V8 1,527,8811.5m $293.2m $293.2m 0.10% Added +39.6k +39,648
9 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 1,479,0271.5m $283.8m $283.8m 0.06% Reduced -532.2k -532,178
10 MATHER GROUP, LLC. 4.08% of their portfolio CHICAGO, IL 1,437,5251.4m $258.7m $258.7m 4.08% Reduced -2.7k -2,707
11 SEI INVESTMENTS CO 0.36% of their portfolio OAKS, PA 1,266,8351.3m $243.1m $243.1m 0.36% Added +59.5k +59,520
12 LPL Financial LLC 0.12% of their portfolio FORT MILL, SC 1,133,1351.1m $217.4m $217.4m 0.12% Added +32.1k +32,082
13 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,077,9901.1m $206.8m $206.8m 0.01% Reduced -30.4k -30,372
14 PNC Financial Services Group, Inc. 0.14% of their portfolio Pittsburgh, PA 1,031,2461.0m $197.9m $197.9m 0.14% Added +7.6k +7,561
15 CHOREO, LLC 4.36% of their portfolio ROCKFORD, IL 885,528885.5k $169.9m $169.9m 4.36% Reduced -57.7k -57,727
16 ASPIRIANT, LLC 5.98% of their portfolio San Francisco, CA 753,095753.1k $144.5m $144.5m 5.98% Added +2.3k +2,309
17 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 748,331748.3k $143.6m $143.6m 0.23% Reduced -20.8k -20,820
18 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 726,504726.5k $139.5m $139.5m 0.04% Reduced -34.1k -34,073
19 OSAIC HOLDINGS, INC. 0.31% of their portfolio SCOTTSDALE, AZ 723,260723.3k $138.9m $138.9m 0.31% Reduced -212.3k -212,299
20 Allworth Financial LP 0.93% of their portfolio FOLSOM, CA 685,765685.8k $131.6m $131.6m 0.93% Added +5.3k +5,326
21 TIAA TRUST, NATIONAL ASSOCIATION 0.40% of their portfolio CHARLOTTE, NC 679,484679.5k $130.4m $130.4m 0.40% Added +28.3k +28,335
22 COMMONWEALTH EQUITY SERVICES, LLC 0.20% of their portfolio WALTHAM, MA 617,250617.2k $118.4m $118.4m 0.20% Added +17.4k +17,430
23 Cetera Investment Advisers 0.27% of their portfolio SCHAUMBURG, IL 602,463602.5k $115.6m $115.6m 0.27% Added +460.6k +460,617
24 Efficient Advisors, LLC 7.36% of their portfolio BEAVERTON, OR 597,685597.7k $114.7m $114.7m 7.36% Reduced -4.8k -4,846
25 Mill Creek Capital Advisors, LLC 2.88% of their portfolio Conshohocken, PA 553,377553.4k $106.2m $106.2m 2.88% Added +65.2k +65,167
26 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 523,741523.7k $100.6m $100.6m 0.03% Added +17.7k +17,664
27 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 485,467485.5k $93.2m $93.2m 0.02% Reduced -44.8k -44,816
28 Raymond James Financial Services Advisors, Inc. 0.14% of their portfolio ST. PETERSBURG, FL 474,644474.6k $91.1m $91.1m 0.14% Added +1.4k +1,377
29 SageView Advisory Group, LLC 4.16% of their portfolio Newport Beach, CA 470,292470.3k $82.4m $82.4m 4.16% Added +465.8k +465,847
30 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.70% of their portfolio IRVING, TX 439,969440.0k $84.4m $84.4m 0.70% Reduced -21.0k -20,999
31 Savant Capital, LLC 0.94% of their portfolio ROCKFORD, IL 428,430428.4k $82.2m $82.2m 0.94% Reduced -7.9k -7,936
32 Rockefeller Capital Management L.P. 0.23% of their portfolio NEW YORK, NY 407,382407.4k $78.2m $78.2m 0.23% Reduced -5.1k -5,063
33 Foster Group, Inc. 3.77% of their portfolio WEST DES MOINES, IA 395,621395.6k $75.9m $75.9m 3.77% Reduced -11.6k -11,605
34 Retirement Systems of Alabama 0.28% of their portfolio MONTGOMERY, AL 382,480382.5k $73.4m $73.4m 0.28% Unchanged
35 Comprehensive Financial Management LLC 2.34% of their portfolio Los Gatos, CA 376,876376.9k $72.3m $72.3m 2.34% Reduced -271 -271
36 Mariner, LLC 0.15% of their portfolio Overland Park, KS 373,287373.3k $71.6m $71.6m 0.15% Added +5.2k +5,177
37 STEPHENS GROUP ASSET MANAGEMENT, LLC 6.53% of their portfolio LITTLE ROCK, AR 372,658372.7k $71.5m $71.5m 6.53% Reduced -141 -141
38 RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio ST PETERSBURG, FL 370,575370.6k $71.1m $71.1m 0.05% Reduced -47.2k -47,247
39 RWA WEALTH PARTNERS, LLC 0.95% of their portfolio BOSTON, MA 367,971368.0k $70.6m $70.6m 0.95% Added +7.5k +7,542
40 PDS Planning, Inc 7.31% of their portfolio DUBLIN, OH 362,364362.4k $69.5m $69.5m 7.31% Added +6.3k +6,308
41 MONETA GROUP INVESTMENT ADVISORS LLC 1.07% of their portfolio ST LOUIS, MO 343,458343.5k $65.9m $65.9m 1.07% Added +90.2k +90,213
42 EXENCIAL WEALTH ADVISORS, LLC 2.39% of their portfolio OKLAHOMA CITY, OK 332,480332.5k $63.8m $63.8m 2.39% Reduced -8.9k -8,945
43 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 327,987328.0k $62.9m $62.9m 0.06% Reduced -10.1k -10,107
44 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 324,631324.6k $62.3m $62.3m 0.01% Reduced -16.1k -16,108
45 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.16% of their portfolio PLYMOUTH, MN 319,367319.4k $61.3m $61.3m 0.16% Added +2.9k +2,928
46 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 312,594312.6k $60.0m $60.0m 0.07% Added +13.7k +13,654
47 1832 Asset Management L.P. 0.11% of their portfolio TORONTO, A6 312,028312.0k $59.9m $59.9m 0.11% Reduced -8.1k -8,072
48 Rodgers & Associates, LTD 7.28% of their portfolio Lancaster, PA 295,571295.6k $56.7m $56.7m 7.28% Reduced -616 -616
49 Modera Wealth Management, LLC 0.86% of their portfolio WESTWOOD, NJ 293,469293.5k $56.3m $56.3m 0.86% Added +13.5k +13,482
50 Verus Financial Partners, Inc. 6.60% of their portfolio RICHMOND, VA 293,449293.4k $56.3m $56.3m 6.60% Added +2.2k +2,242
51 JMG Financial Group, Ltd. 2.09% of their portfolio DOWNERS GROVE, IL 285,746285.7k $54.8m $54.8m 2.09% Reduced -1.3k -1,321
52 Mason Investment Advisory Services, Inc. 3.74% of their portfolio RESTON, VA 281,631281.6k $54.0m $54.0m 3.74% Added +512 +512
53 Symmetry Partners, LLC 4.13% of their portfolio GLASTONBURY, CT 275,266275.3k $52.8m $52.8m 4.13% Reduced -219.5k -219,537
54 Mokosak Advisory Group, LLC 17.27% of their portfolio URBANDALE, IA 272,633272.6k $52.3m $52.3m 17.27% Added +8.9k +8,945
55 PARK AVENUE SECURITIES LLC 0.65% of their portfolio NEW YORK, NY 263,550263.6k $50.6m $50.6m 0.65% Added +9.9k +9,941
56 Bragg Financial Advisors, Inc 2.24% of their portfolio CHARLOTTE, NC 260,267260.3k $49.9m $49.9m 2.24% Added +5.4k +5,439
57 LINCOLN NATIONAL CORP 0.77% of their portfolio RADNOR, PA 256,007256.0k $49.1m $49.1m 0.77% Reduced -4.5k -4,494
58 MML INVESTORS SERVICES, LLC 0.20% of their portfolio SPRINGFIELD, MA 253,032253.0k $48.6m $48.6m 0.20% Reduced -9.5k -9,543
59 Cresset Asset Management, LLC 0.23% of their portfolio Chicago, IL 248,423248.4k $47.7m $47.7m 0.23% Added +5.4k +5,417
60 Center for Financial Planning, Inc. 7.00% of their portfolio SOUTHFIED, MI 243,933243.9k $46.8m $46.8m 7.00% Added +7.0k +6,964
61 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 242,632242.6k $46.6m $46.6m 0.05% Added +223 +223
62 Equitable Holdings, Inc. 0.52% of their portfolio NEW YORK, NY 242,618242.6k $46.6m $46.6m 0.52% Added +7.1k +7,084
63 Zhang Financial LLC 3.43% of their portfolio PORTAGE, MI 241,496241.5k $46.3m $46.3m 3.43% Reduced -4.0k -3,999
64 Focus Partners Wealth 0.36% of their portfolio ST LOUIS, MO 234,010234.0k $44.9m $44.9m 0.36% Reduced -6.4k -6,428
65 BAILARD, INC. 1.24% of their portfolio Foster City, CA 233,416233.4k $44.8m $44.8m 1.24% Added +5.3k +5,283
66 Cerity Partners LLC 0.12% of their portfolio NEW YORK, NY 231,816231.8k $44.4m $44.4m 0.12% Reduced -508 -508
67 THOMPSON SIEGEL & WALMSLEY LLC 0.68% of their portfolio RICHMOND, VA 230,983231.0k $44.3m $44.3m 0.68% Added +5.5k +5,517
68 Global Assets Advisory, LLC 0.05% of their portfolio ORLANDO, FL 226,759226.8k $1.2k $1.2k 0.05% New
69 Merriman Wealth Management, LLC 1.87% of their portfolio SEATTLE, WA 219,021219.0k $42.0m $42.0m 1.87% Reduced -11.3k -11,266
70 BUCKINGHAM STRATEGIC WEALTH, LLC 0.43% of their portfolio CLAYTON, MO 213,604213.6k $41.0m $41.0m 0.43% Reduced -113 -113
71 INSPIRION WEALTH ADVISORS, LLC 6.77% of their portfolio LIBERTYVILLE, IL 213,562213.6k $41.0m $41.0m 6.77% Added +4.7k +4,713
72 TRUIST FINANCIAL CORP 0.06% of their portfolio CHARLOTTE, NC 212,142212.1k $40.7m $40.7m 0.06% Reduced -5.8k -5,757
73 Atria Investments, Inc 0.55% of their portfolio Charlotte, NC 206,981207.0k $39.7m $39.7m 0.55% Added +2.9k +2,942
74 CAPTRUST FINANCIAL ADVISORS 0.14% of their portfolio RALEIGH, NC 201,362201.4k $38.6m $38.6m 0.14% Reduced -302.2k -302,151
75 Abacus Planning Group, Inc. 7.53% of their portfolio COLUMBIA, SC 200,772200.8k $38.5m $38.5m 7.53% Added +5.7k +5,744
76 STEPHENS INC /AR/ 0.59% of their portfolio LITTLE ROCK, AR 198,445198.4k $38.1m $38.1m 0.59% Added +2.9k +2,861
77 Cambridge Investment Research Advisors, Inc. 0.14% of their portfolio FAIRFIELD, IA 195,757195.8k $37.6m $37.6m 0.14% Reduced -36.1k -36,148
78 Summit Financial, LLC 2.18% of their portfolio PARSIPPANY, NJ 191,517191.5k $36.7m $36.7m 2.18% Reduced -2.1k -2,130
79 Empowered Funds, LLC 0.33% of their portfolio NEWTOWN SQUARE, PA 189,392189.4k $36.3m $36.3m 0.33% Added +187.3k +187,307
80 Gallagher Fiduciary Advisors, LLC 1.28% of their portfolio ROLLING MEADOWS, IL 188,093188.1k $36.1m $36.1m 1.28% Reduced -2.7k -2,736
81 Shepherd Financial Partners LLC 4.72% of their portfolio WINCHESTER, MA 188,077188.1k $36.1m $36.1m 4.72% Added +17.5k +17,527
82 Waldron Private Wealth LLC 1.60% of their portfolio BRIDGEVILLE, PA 185,177185.2k $35.5m $35.5m 1.60% Reduced -15.8k -15,790
83 Henshaw Capital LLC 1.59% of their portfolio WOBURN, MA 177,150177.2k $34.0m $34.0m 1.59% Unchanged
84 25 LLC 16.44% of their portfolio ST. LOUIS, MO 175,086175.1k $33.6m $33.6m 16.44% Reduced -2.1k -2,126
85 Corient Private Wealth LP 0.06% of their portfolio MIAMI, FL 169,117169.1k $32.5m $32.5m 0.06% Reduced -1.3k -1,296
86 Strategies Wealth Advisors, LLC 4.75% of their portfolio GRAND RAPIDS, MI 160,802160.8k $30.9m $30.9m 4.75% Added +11.5k +11,492
87 FMR LLC 0.00% of their portfolio BOSTON, MA 159,775159.8k $30.7m $30.7m 0.00% Added +50.5k +50,482
88 NewEdge Advisors, LLC 0.24% of their portfolio NEW ORLEANS, LA 146,202146.2k $28.1m $28.1m 0.24% Added +2.9k +2,901
89 Coastline Trust Co 3.28% of their portfolio PROVIDENCE, RI 141,659141.7k $27.2m $27.2m 3.28% Reduced -4.5k -4,470
90 Asset Management Group, Inc. 5.00% of their portfolio STAMFORD, CT 138,729138.7k $26.6m $26.6m 5.00% Added +683 +683
91 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 138,715138.7k $26.6m $26.6m 0.06% Added +3.4k +3,395
92 US BANCORP \DE\ 0.04% of their portfolio MINNEAPOLIS, MN 137,675137.7k $26.4m $26.4m 0.04% Reduced -7.7k -7,685
93 COMERICA BANK 0.11% of their portfolio DALLAS, TX 136,987137.0k $26.3m $26.3m 0.11% Reduced -1.9k -1,892
94 Marotta Asset Management 5.38% of their portfolio CHARLOTTESVILLE, VA 135,576135.6k $26.0m $26.0m 5.38% Added +1.5k +1,518
95 BHK Investment Advisors, LLC 9.88% of their portfolio BIRMINGHAM, AL 134,032134.0k $25.7m $25.7m 9.88% Added +32.7k +32,703
96 Wealth Architects, LLC 3.37% of their portfolio MOUNTAIN VIEW, CA 133,229133.2k $25.6m $25.6m 3.37% Reduced -1.6k -1,638
97 Northwest Quadrant Wealth Management, LLC 6.06% of their portfolio BEND, OR 128,977129.0k $24.7m $24.7m 6.06% Added +1.3k +1,302
98 Brickley Wealth Management 5.16% of their portfolio SAN MATEO, CA 117,294117.3k $22.5m $22.5m 5.16% Added +532 +532
99 Private Advisor Group, LLC 0.16% of their portfolio MORRISTOWN, NJ 116,854116.9k $22.4m $22.4m 0.16% Added +11.7k +11,654
100 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.70% of their portfolio Seattle, WA 116,827116.8k $22.4m $22.4m 0.70% Reduced -1.4k -1,436