Vault-13

VANGUARD INDEX FDS VBR

SM CP VAL ETF · ETP · CUSIP 922908611

1,594 institutional holders +161 vs Q3 2024
90,796,29490.8m shares reported held*
$18.0bnreported value*
89 new 625 added 461 reduced 50 sold out net bought ≈ $304.9m (+300.4k 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 ($9.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $198.31. Options: 4 managers hold calls ($10.3m notional), 3 hold puts ($1.9m).

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,090Q4 22: 1,221Q1 23: 1,209Q2 23: 1,239Q3 23: 1,241Q4 23: 1,386Q1 24: 1,379Q2 24: 1,372Q3 24: 1,433Q4 24: 1,5941,594Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 20221,090
Q4 20221,221
Q1 20231,209
Q2 20231,239
Q3 20231,241
Q4 20231,386
Q1 20241,379
Q2 20241,372
Q3 20241,433
Q4 20241,594

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 23: 569 bought or addedQ1 23: 498 cut or sold outQ2 23: 555 bought or addedQ2 23: 522 cut or sold outQ2 23Q3 23: 565 bought or addedQ3 23: 494 cut or sold outQ4 23: 606 bought or addedQ4 23: 527 cut or sold outQ4 23Q1 24: 595 bought or addedQ1 24: 603 cut or sold outQ2 24: 550 bought or addedQ2 24: 602 cut or sold outQ2 24Q3 24: 645 bought or addedQ3 24: 557 cut or sold outQ4 24: 714 bought or addedQ4 24: 511 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 2023569498
Q2 2023555522
Q3 2023565494
Q4 2023606527
Q1 2024595603
Q2 2024550602
Q3 2024645557
Q4 2024714511

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 24 calls: $11.3mQ1 24 puts: $3.5mQ1 24P/C 0.31Q2 24 calls: $7.4mQ2 24 puts: $3.8mQ2 24P/C 0.51Q3 24 calls: $9.8mQ3 24 puts: $4.5mQ3 24P/C 0.45Q4 24 calls: $10.3mQ4 24 puts: $1.9mQ4 24P/C 0.18
Numbers
QuarterCallsPutsP/C
Q1 2024$11.3m$3.5m0.31
Q2 2024$7.4m$3.8m0.51
Q3 2024$9.8m$4.5m0.45
Q4 2024$10.3m$1.9m0.18

Biggest buyers

Focus Partners Wealth Added +471,467+471.5k
ASPIRIANT, LLC Added +362,906+362.9k
ASSETMARK, INC Added +180,662+180.7k
WELLS FARGO & COMPANY/MN Added +173,385+173.4k
Sequoia Financial Advisors, LLC Added +170,238+170.2k
CAPTRUST FINANCIAL ADVISORS Added +145,622+145.6k
Christopher J. Hasenberg, Inc New +130,774+130.8k
MORGAN STANLEY Added +100,266+100.3k
University of Maryland Foundation, Inc. Added +94,607+94.6k
UBS Group AG Added +94,176+94.2k

Biggest sellers

Essex Financial Services, Inc. Reduced -1,204,787-1.2m
JPMORGAN CHASE & CO Reduced -562,488-562.5k
LINCOLN NATIONAL CORP Sold out -207,389-207.4k
MATHER GROUP, LLC. Reduced -202,903-202.9k
Betterment LLC Reduced -151,010-151.0k
World Investment Advisors Reduced -141,423-141.4k
Comprehensive Financial Management LLC Reduced -140,000-140.0k
GOLDMAN SACHS GROUP INC Reduced -46,059-46.1k
ENVESTNET ASSET MANAGEMENT INC Reduced -42,004-42.0k
EMC Capital Management Reduced -37,291-37.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.3m36.8k shares
CITADEL ADVISORS LLC Reduced $1.7m8.8k shares
JANE STREET GROUP, LLC Added $614.4k3.1k shares
WOLVERINE TRADING, LLC New $612.7k3.1k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.3m6.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $356.7k1.8k shares
WOLVERINE TRADING, LLC New $217.4k1.1k 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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.34% of their portfolio CHARLOTTE, NC 18,452,22218.5m $3.7bn $3.7bn 0.34% Added +6.8k +6,846
2 ASSETMARK, INC 2.15% of their portfolio CONCORD, CA 3,998,2064.0m $792.4m $792.4m 2.15% Added +180.7k +180,662
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 3,857,2173.9m $764.4m $764.4m 0.05% Added +100.3k +100,266
4 Betterment LLC 1.68% of their portfolio NEW YORK, NY 3,546,7723.5m $702.9m $702.9m 1.68% Reduced -151.0k -151,010
5 JONES FINANCIAL COMPANIES LLLP 0.45% of their portfolio DES PERES, MO 2,400,5922.4m $475.7m $475.7m 0.45% Added +18.1k +18,066
6 ENVESTNET ASSET MANAGEMENT INC 0.12% of their portfolio Berwyn, PA 1,878,3801.9m $372.3m $372.3m 0.12% Reduced -42.0k -42,004
7 WELLS FARGO & COMPANY/MN 0.08% of their portfolio SAN FRANCISCO, CA 1,781,2301.8m $353.0m $353.0m 0.08% Added +173.4k +173,385
8 UBS Group AG 0.08% of their portfolio ZURICH, V8 1,722,4741.7m $341.4m $341.4m 0.08% Added +94.2k +94,176
9 CAPTRUST FINANCIAL ADVISORS 0.96% of their portfolio RALEIGH, NC 1,693,9901.7m $335.7m $335.7m 0.96% Added +145.6k +145,622
10 SEI INVESTMENTS CO 0.33% of their portfolio OAKS, PA 1,314,8991.3m $260.6m $260.6m 0.33% Added +27.2k +27,227
11 LPL Financial LLC 0.10% of their portfolio FORT MILL, SC 1,287,8391.3m $255.2m $255.2m 0.10% Added +57.2k +57,199
12 ASPIRIANT, LLC 8.76% of their portfolio San Francisco, CA 1,224,1311.2m $242.6m $242.6m 8.76% Added +362.9k +362,906
13 Focus Partners Wealth 0.26% of their portfolio ST LOUIS, MO 984,685984.7k $203.2m $203.2m 0.26% Added +471.5k +471,467
14 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 982,869982.9k $194.8m $194.8m 0.07% First filing
15 MATHER GROUP, LLC. 2.21% of their portfolio CHICAGO, IL 858,328858.3k $170.1m $170.1m 2.21% Reduced -202.9k -202,903
16 CHOREO, LLC 2.34% of their portfolio ROCKFORD, IL 822,212822.2k $162.9m $162.9m 2.34% Reduced -25.3k -25,337
17 PNC Financial Services Group, Inc. 0.10% of their portfolio Pittsburgh, PA 791,454791.5k $156.9m $156.9m 0.10% Reduced -572 -572
18 TIAA TRUST, NATIONAL ASSOCIATION 0.46% of their portfolio CHARLOTTE, NC 761,595761.6k $150.9m $150.9m 0.46% Added +46.5k +46,451
19 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 756,522756.5k $150.0m $150.0m 0.04% Reduced -30.0k -30,011
20 Allworth Financial LP 0.84% of their portfolio FOLSOM, CA 743,017743.0k $153.3m $153.3m 0.84% Added +33.0k +32,951
21 OSAIC HOLDINGS, INC. 0.32% of their portfolio SCOTTSDALE, AZ 725,453725.5k $141.6m $141.6m 0.32% Added +27.4k +27,426
22 COMMONWEALTH EQUITY SERVICES, LLC 0.21% of their portfolio WALTHAM, MA 714,644714.6k $141.6m $141.6m 0.21% Added +75.1k +75,099
23 HighTower Advisors, LLC 0.19% of their portfolio CHICAGO, IL 696,587696.6k $138.0m $138.0m 0.19% Added +27.5k +27,528
24 Cetera Investment Advisers 0.27% of their portfolio SCHAUMBURG, IL 650,087650.1k $128.8m $128.8m 0.27% Added +15.1k +15,061
25 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 614,324614.3k $121.7m $121.7m 0.01% Reduced -562.5k -562,488
26 Efficient Advisors, LLC 7.05% of their portfolio BEAVERTON, OR 552,519552.5k $109.5m $109.5m 7.05% Reduced -27.7k -27,704
27 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 528,591528.6k $104.8m $104.8m 0.05% Added +16.1k +16,051
28 Mill Creek Capital Advisors, LLC 2.33% of their portfolio Conshohocken, PA 490,541490.5k $97.2m $97.2m 2.33% Added +7.2k +7,212
29 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 473,800473.8k $93.9m $93.9m 0.02% Added +7.3k +7,253
30 Rockefeller Capital Management L.P. 0.22% of their portfolio NEW YORK, NY 422,177422.2k $83.7m $83.7m 0.22% Added +4.8k +4,808
31 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.71% of their portfolio IRVING, TX 421,473421.5k $83.5m $83.5m 0.71% Reduced -10.3k -10,347
32 Mariner, LLC 0.14% of their portfolio Overland Park, KS 420,240420.2k $83.3m $83.3m 0.14% Added +33.2k +33,171
33 RWA WEALTH PARTNERS, LLC 1.00% of their portfolio BOSTON, MA 411,046411.0k $81.5m $81.5m 1.00% Added +33.9k +33,873
34 MONETA GROUP INVESTMENT ADVISORS LLC 1.08% of their portfolio ST LOUIS, MO 387,247387.2k $76.7m $76.7m 1.08% Added +16.5k +16,451
35 Savant Capital, LLC 0.60% of their portfolio ROCKFORD, IL 386,790386.8k $76.7m $76.7m 0.60% Reduced -18.7k -18,658
36 STEPHENS GROUP ASSET MANAGEMENT, LLC 6.32% of their portfolio LITTLE ROCK, AR 382,594382.6k $75.8m $75.8m 6.32% Added +809 +809
37 Retirement Systems of Alabama 0.28% of their portfolio MONTGOMERY, AL 382,480382.5k $75.8m $75.8m 0.28% Unchanged
38 Modera Wealth Management, LLC 0.85% of their portfolio WESTWOOD, NJ 354,389354.4k $70.2m $70.2m 0.85% Added +38.6k +38,596
39 Retirement Investment Advisors, Inc. 7.00% of their portfolio OKLAHOMA CITY, OK 334,894334.9k $66.4m $66.4m 7.00% Added +9.5k +9,501
40 PARK AVENUE SECURITIES LLC 0.68% of their portfolio NEW YORK, NY 331,455331.5k $65.7m $65.7m 0.68% Added +24.0k +23,957
41 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 331,345331.3k $65.7m $65.7m 0.13% Added +16.1k +16,117
42 Creative Planning 0.06% of their portfolio OVERLAND PARK, KS 327,946327.9k $65.0m $65.0m 0.06% Added +76.9k +76,857
43 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 322,622322.6k $63.9m $63.9m 0.01% Reduced -46.1k -46,059
44 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 315,942315.9k $62.6m $62.6m 0.07% Added +15.4k +15,386
45 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 315,855315.9k $62.6m $62.6m 0.05% Added +4.1k +4,117
46 Cresset Asset Management, LLC 0.28% of their portfolio Chicago, IL 294,504294.5k $58.4m $58.4m 0.28% Added +10.4k +10,390
47 Rodgers & Associates, LTD 6.94% of their portfolio Lancaster, PA 293,771293.8k $58.2m $58.2m 6.94% Reduced -5.6k -5,610
48 Verus Financial Partners, Inc. 6.40% of their portfolio RICHMOND, VA 291,822291.8k $57.0m $57.0m 6.40% Reduced -837 -837
49 Mokosak Advisory Group, LLC 17.18% of their portfolio URBANDALE, IA 289,160289.2k $57.3m $57.3m 17.18% Added +631 +631
50 1832 Asset Management L.P. 0.10% of their portfolio TORONTO, A6 283,002283.0k $56.1m $56.1m 0.10% Reduced -19.4k -19,444
51 Mason Investment Advisory Services, Inc. 3.28% of their portfolio RESTON, VA 282,609282.6k $56.0m $56.0m 3.28% Added +330 +330
52 JMG Financial Group, Ltd. 1.90% of their portfolio DOWNERS GROVE, IL 281,596281.6k $55.8m $55.8m 1.90% Reduced -2.3k -2,339
53 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 279,457279.5k $55.4m $55.4m 0.01% Reduced -16.5k -16,473
54 Bragg Financial Advisors, Inc 2.23% of their portfolio CHARLOTTE, NC 277,583277.6k $55.0m $55.0m 2.23% Added +794 +794
55 MML INVESTORS SERVICES, LLC 0.18% of their portfolio SPRINGFIELD, MA 265,372265.4k $52.6m $52.6m 0.18% Added +34.8k +34,773
56 EXENCIAL WEALTH ADVISORS, LLC 1.93% of their portfolio OKLAHOMA CITY, OK 265,115265.1k $52.5m $52.5m 1.93% Reduced -12.8k -12,777
57 Cerity Partners LLC 0.11% of their portfolio NEW YORK, NY 256,293256.3k $50.8m $50.8m 0.11% Reduced -2.3k -2,326
58 Center for Financial Planning, Inc. 6.54% of their portfolio SOUTHFIED, MI 247,394247.4k $49.0m $49.0m 6.54% Reduced -577 -577
59 Financial Advisory Corp 8.51% of their portfolio Grand Rapids, MI 246,091246.1k $48.8m $48.8m 8.51% First filing
60 Zhang Financial LLC 2.75% of their portfolio PORTAGE, MI 242,628242.6k $48.1m $48.1m 2.75% Reduced -316 -316
61 THOMPSON SIEGEL & WALMSLEY LLC 0.74% of their portfolio RICHMOND, VA 238,249238.2k $47.2m $47.2m 0.74% Added +1.8k +1,810
62 BAILARD, INC. 1.20% of their portfolio Foster City, CA 236,518236.5k $46.9m $46.9m 1.20% Reduced -5.0k -4,974
63 INSPIRION WEALTH ADVISORS, LLC 6.41% of their portfolio LIBERTYVILLE, IL 231,145231.1k $45.9m $45.9m 6.41% Added +6.8k +6,783
64 TRUIST FINANCIAL CORP 0.07% of their portfolio CHARLOTTE, NC 230,684230.7k $45.7m $45.7m 0.07% Added +5.1k +5,141
65 STEPHENS INC /AR/ 0.64% of their portfolio LITTLE ROCK, AR 229,703229.7k $45.5m $45.5m 0.64% Reduced -4.7k -4,719
66 Abacus Planning Group, Inc. 7.75% of their portfolio COLUMBIA, SC 222,350222.3k $44.1m $44.1m 7.75% Added +5.3k +5,293
67 Foster Group, Inc. 1.59% of their portfolio WEST DES MOINES, IA 209,709209.7k $41.6m $41.6m 1.59% Reduced -12.6k -12,625
68 University of Maryland Foundation, Inc. 23.16% of their portfolio ADELPHI, MD 208,177208.2k $41.3m $41.3m 23.16% Added +94.6k +94,607
69 Equitable Holdings, Inc. 0.39% of their portfolio NEW YORK, NY 205,987206.0k $40.8m $40.8m 0.39% Added +1.5k +1,461
70 Merriman Wealth Management, LLC 1.69% of their portfolio SEATTLE, WA 205,133205.1k $40.7m $40.7m 1.69% Reduced -7.7k -7,674
71 Summit Financial, LLC 1.37% of their portfolio PARSIPPANY, NJ 197,507197.5k $39.1m $39.1m 1.37% Added +15.2k +15,203
72 Comprehensive Financial Management LLC 1.01% of their portfolio Los Gatos, CA 184,376184.4k $36.5m $36.5m 1.01% Reduced -140.0k -140,000
73 Shepherd Financial Partners LLC 4.34% of their portfolio WINCHESTER, MA 183,032183.0k $36.3m $36.3m 4.34% Added +954 +954
74 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 181,389181.4k $35.9m $35.9m 0.09% Added +16.4k +16,397
75 Sequoia Financial Advisors, LLC 0.35% of their portfolio Akron, OH 181,253181.3k $35.9m $35.9m 0.35% Added +170.2k +170,238
76 25 LLC 15.12% of their portfolio ST. LOUIS, MO 180,243180.2k $35.7m $35.7m 15.12% Added +3.4k +3,367
77 Cambridge Investment Research Advisors, Inc. 0.12% of their portfolio FAIRFIELD, IA 178,165178.2k $35.3m $35.3m 0.12% Reduced -13.4k -13,395
78 Henshaw Capital LLC 1.46% of their portfolio WOBURN, MA 177,150177.2k $35.1m $35.1m 1.46% Unchanged
79 Waldron Private Wealth LLC 1.38% of their portfolio BRIDGEVILLE, PA 172,974173.0k $34.3m $34.3m 1.38% Added +631 +631
80 Wealthspire Advisors, LLC 0.34% of their portfolio NEW YORK, NY 171,840171.8k $34.1m $34.1m 0.34% Added +18.4k +18,449
81 FMR LLC 0.00% of their portfolio BOSTON, MA 169,914169.9k $33.7m $33.7m 0.00% Added +7.2k +7,220
82 Strategies Wealth Advisors, LLC 4.18% of their portfolio GRAND RAPIDS, MI 164,981165.0k $33.5m $33.5m 4.18% Added +7.7k +7,677
83 NATIXIS ADVISORS, LLC 0.06% of their portfolio Boston, MA 161,624161.6k $32.0m $32.0m 0.06% Added +66.4k +66,422
84 Baird Financial Group, Inc. 0.06% of their portfolio MILWAUKEE, WI 153,082153.1k $30.3m $30.3m 0.06% Added +10.2k +10,223
85 Sanctuary Advisors, LLC 0.20% of their portfolio INDIANAPOLIS, IN 148,957149.0k $30.9m $30.9m 0.20% Added +13.5k +13,505
86 Asset Management Group, Inc. 5.20% of their portfolio STAMFORD, CT 147,464147.5k $29.2m $29.2m 5.20% Added +2.0k +1,951
87 Kaydan Wealth Management, Inc. 9.38% of their portfolio FENTON, MI 142,408142.4k $28.2m $28.2m 9.38% Reduced -2.2k -2,194
88 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 140,913140.9k $27.5m $27.5m 0.05% Reduced -35.8k -35,848
89 COMERICA BANK 0.11% of their portfolio DALLAS, TX 140,899140.9k $27.9m $27.9m 0.11% Added +11.9k +11,853
90 Coastline Trust Co 3.27% of their portfolio PROVIDENCE, RI 140,799140.8k $27.9m $27.9m 3.27% Unchanged
91 NewEdge Advisors, LLC 0.17% of their portfolio NEW ORLEANS, LA 140,785140.8k $27.9m $27.9m 0.17% Reduced -19.7k -19,652
92 US BANCORP \DE\ 0.04% of their portfolio MINNEAPOLIS, MN 137,332137.3k $27.2m $27.2m 0.04% Reduced -1.0k -1,017
93 Northwest Quadrant Wealth Management, LLC 6.03% of their portfolio BEND, OR 133,827133.8k $26.5m $26.5m 6.03% Added +3.5k +3,495
94 Focus Partners Advisor Solutions, LLC 0.45% of their portfolio SAINT LOUIS, MO 133,476133.5k $26.5m $26.5m 0.45% Added +31.0k +31,049
95 Christopher J. Hasenberg, Inc 10.45% of their portfolio EAU CLAIRE, WI 130,774130.8k $25.9m $25.9m 10.45% New
96 Marotta Asset Management 5.38% of their portfolio CHARLOTTESVILLE, VA 130,135130.1k $25.7m $25.7m 5.38% Reduced -6.9k -6,872
97 Wealth Architects, LLC 2.90% of their portfolio MOUNTAIN VIEW, CA 129,566129.6k $25.7m $25.7m 2.90% Reduced -2.2k -2,246
98 BHK Investment Advisors, LLC 9.55% of their portfolio BIRMINGHAM, AL 128,354128.4k $25.4m $25.4m 9.55% Reduced -595 -595
99 McAdam, LLC 1.38% of their portfolio Philadelphia, PA 128,011128.0k $25.4m $25.4m 1.38% Added +5.7k +5,715
100 Sepio Capital, LP 2.03% of their portfolio Salt Lake City, UT 127,795127.8k $25.3m $25.3m 2.03% Added +3.2k +3,156