Vault-13

VANGUARD INDEX FDS VB

SMALL CP ETF · ETP · CUSIP 922908751

1,879 institutional holders +202 vs Q3 2023
150,116,080150.1m shares reported held*
$30.9bnreported value*
128 new 768 added 615 reduced 52 sold out net bought ≈ $2.4bn (+16.9m 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 ($39.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $205.63. Options: 5 managers hold calls ($43.9m notional), 4 hold puts ($7.1m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,540Q4 22: 1,663Q1 23: 1,647Q2 23: 1,676Q3 23: 1,677Q4 23: 1,8791,879Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20221,540
Q4 20221,663
Q1 20231,647
Q2 20231,676
Q3 20231,677
Q4 20231,879

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 22: 783 bought or addedQ4 22: 630 cut or sold outQ4 22Q1 23: 758 bought or addedQ1 23: 695 cut or sold outQ1 23Q2 23: 814 bought or addedQ2 23: 677 cut or sold outQ2 23Q3 23: 821 bought or addedQ3 23: 655 cut or sold outQ3 23Q4 23: 896 bought or addedQ4 23: 667 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022783630
Q1 2023758695
Q2 2023814677
Q3 2023821655
Q4 2023896667

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 23 calls: $17.6mQ1 23 puts: $3.6mQ1 23P/C 0.20Q2 23 calls: $19.6mQ2 23 puts: $7.6mQ2 23P/C 0.39Q3 23 calls: $21.9mQ3 23 puts: $5.2mQ3 23P/C 0.24Q4 23 calls: $43.9mQ4 23 puts: $7.1mQ4 23P/C 0.16
Numbers
QuarterCallsPutsP/C
Q1 2023$17.6m$3.6m0.20
Q2 2023$19.6m$7.6m0.39
Q3 2023$21.9m$5.2m0.24
Q4 2023$43.9m$7.1m0.16

Biggest buyers

MORGAN STANLEY Added +7,108,356+7.1m
Cerity Partners LLC Added +5,463,111+5.5m
JPMORGAN CHASE & CO Added +1,104,924+1.1m
Employees Retirement System of Texas New +467,925+467.9k
JANUS HENDERSON GROUP PLC Added +279,239+279.2k
NATIXIS ADVISORS, LLC Added +259,015+259.0k
MERCER GLOBAL ADVISORS INC /ADV Added +246,854+246.9k
ENVESTNET ASSET MANAGEMENT INC Added +224,843+224.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +207,768+207.8k
Charles Schwab Investment Advisory, Inc. Added +188,658+188.7k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -228,818-228.8k
WELLINGTON MANAGEMENT GROUP LLP Reduced -190,730-190.7k
Wealthfront Advisers LLC Reduced -178,066-178.1k
Circle Wealth Management, LLC Reduced -169,212-169.2k
Provida Pension Fund Administrator Reduced -149,998-150.0k
Clearstead Advisors, LLC Reduced -141,698-141.7k
Legacy Financial Group LLC Reduced -136,661-136.7k
StoneX Group Inc. Reduced -93,468-93.5k
Thrivent Financial for Lutherans Reduced -91,149-91.1k
Strategic Investment Solutions, Inc. /IL Reduced -85,273-85.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $34.4m161.4k shares
CITADEL ADVISORS LLC Added $6.1m28.6k shares
Belvedere Trading LLC Added $2.1m9.8k shares
WOLVERINE TRADING, LLC Added $789.3k3.7k shares
Cutler Group LLC / CA Added $493.0k69.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.8m17.7k shares
CITADEL ADVISORS LLC Added $3.0m13.9k shares
WOLVERINE TRADING, LLC New $341.3k1.6k shares
Cutler Group LLC / CA Reduced $1.0k900 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 BANK OF AMERICA CORP /DE/ 0.47% of their portfolio CHARLOTTE, NC 19,589,79319.6m $4.2bn $4.2bn 0.47% Reduced -56.8k -56,849
2 MORGAN STANLEY 0.13% of their portfolio NEW YORK, NY 14,035,59214.0m $3.0bn $3.0bn 0.13% Added +7.1m +7,108,356
3 JONES FINANCIAL COMPANIES LLLP 2.12% of their portfolio DES PERES, MO 6,607,3756.6m $1.4bn $1.4bn 2.12% Added +96.0k +95,988
4 Cerity Partners LLC 0.20% of their portfolio NEW YORK, NY 5,715,0125.7m $60.7m $60.7m 0.20% Added +5.5m +5,463,111
5 ENVESTNET ASSET MANAGEMENT INC 0.39% of their portfolio Berwyn, PA 4,432,6694.4m $945.6m $945.6m 0.39% Added +224.8k +224,843
6 WELLS FARGO & COMPANY/MN 0.26% of their portfolio SAN FRANCISCO, CA 4,284,2244.3m $914.0m $914.0m 0.26% Added +92.2k +92,176
7 UBS Group AG 0.32% of their portfolio ZURICH, V8 3,777,2413.8m $805.8m $805.8m 0.32% Added +61.2k +61,160
8 Bank of New York Mellon Corp 0.14% of their portfolio NEW YORK, NY 3,346,0143.3m $713.8m $713.8m 0.14% Reduced -40.9k -40,886
9 LPL Financial LLC 0.42% of their portfolio FORT MILL, SC 3,247,0413.2m $692.7m $692.7m 0.42% Added +154.7k +154,679
10 AMERIPRISE FINANCIAL INC 0.15% of their portfolio MINNEAPOLIS, MN 2,352,7882.4m $502.5m $502.5m 0.15% Reduced -31.3k -31,318
11 GOLDMAN SACHS GROUP INC 0.10% of their portfolio NEW YORK, NY 2,121,5472.1m $452.6m $452.6m 0.10% Added +98.2k +98,179
12 PNC Financial Services Group, Inc. 0.32% of their portfolio Pittsburgh, PA 1,903,5431.9m $406.1m $406.1m 0.32% Reduced -14.2k -14,239
13 Creative Planning 0.73% of their portfolio OVERLAND PARK, KS 1,855,6651.9m $395.9m $395.9m 0.73% Reduced -19.6k -19,552
14 Charles Schwab Investment Advisory, Inc. 0.57% of their portfolio SAN FRANCISCO, CA 1,854,5271.9m $395.6m $395.6m 0.57% Added +188.7k +188,658
15 MERCER GLOBAL ADVISORS INC /ADV 1.15% of their portfolio DENVER, CO 1,794,7591.8m $382.9m $382.9m 1.15% Added +246.9k +246,854
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.40% of their portfolio MILWAUKEE, WI 1,682,0131.7m $358.8m $358.8m 0.40% Added +207.8k +207,768
17 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,664,5781.7m $355.1m $355.1m 0.02% Added +1.1m +1,104,924
18 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 1,467,8631.5m $313.1m $313.1m 0.08% Added +44.7k +44,735
19 CAPTRUST FINANCIAL ADVISORS 0.96% of their portfolio RALEIGH, NC 1,305,2621.3m $278.5m $278.5m 0.96% Added +81.7k +81,716
20 Wealthfront Advisers LLC 1.00% of their portfolio Palo Alto, CA 1,226,2031.2m $261.6m $261.6m 1.00% Reduced -178.1k -178,066
21 Raymond James Financial Services Advisors, Inc. 0.41% of their portfolio ST. PETERSBURG, FL 1,195,3361.2m $255.0m $255.0m 0.41% Added +151.7k +151,721
22 CIBC Private Wealth Group LLC 0.53% of their portfolio ATLANTA, GA 1,166,1741.2m $248.8m $248.8m 0.53% Added +174.7k +174,710
23 Mariner, LLC 0.54% of their portfolio Overland Park, KS 1,075,6141.1m $229.5m $229.5m 0.54% Added +91.1k +91,088
24 STIFEL FINANCIAL CORP 0.26% of their portfolio ST. LOUIS, MO 980,273980.3k $209.1m $209.1m 0.26% Added +70.1k +70,078
25 COMMONWEALTH EQUITY SERVICES, LLC 0.38% of their portfolio WALTHAM, MA 974,556974.6k $207.9m $207.9m 0.38% Added +18.2k +18,185
26 GLENMEDE TRUST CO NA 1.06% of their portfolio PHILADELPHIA, PA 961,698961.7k $205.2m $205.2m 1.06% Added +21.7k +21,681
27 MISSION WEALTH MANAGEMENT, LP 6.25% of their portfolio Santa Barbara, CA 888,435888.4k $189.5m $189.5m 6.25% Added +44.1k +44,114
28 TIAA TRUST, NATIONAL ASSOCIATION 0.60% of their portfolio CHARLOTTE, NC 836,911836.9k $178.5m $178.5m 0.60% Added +20.4k +20,403
29 OSAIC HOLDINGS, INC. 0.30% of their portfolio SCOTTSDALE, AZ 797,910797.9k $170.3m $170.3m 0.30% Reduced -228.8k -228,818
30 HighTower Advisors, LLC 0.29% of their portfolio CHICAGO, IL 796,534796.5k $169.9m $169.9m 0.29% Added +21.2k +21,239
31 SIGNATUREFD, LLC 3.86% of their portfolio ATLANTA, GA 783,385783.4k $167.1m $167.1m 3.86% Added +17.1k +17,069
32 FMR LLC 0.01% of their portfolio BOSTON, MA 781,932781.9k $166.8m $166.8m 0.01% Added +100.5k +100,531
33 RAYMOND JAMES & ASSOCIATES 0.12% of their portfolio ST PETERSBURG, FL 745,577745.6k $159.1m $159.1m 0.12% Added +76.4k +76,420
34 1832 Asset Management L.P. 0.29% of their portfolio TORONTO, A6 722,339722.3k $154.1m $154.1m 0.29% Added +168.5k +168,513
35 Baird Financial Group, Inc. 0.35% of their portfolio MILWAUKEE, WI 714,337714.3k $152.4m $152.4m 0.35% Added +40.0k +39,988
36 WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio Boston, MA 703,985704.0k $150.2m $150.2m 0.03% Reduced -190.7k -190,730
37 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 653,327653.3k $139.4m $139.4m 0.01% Reduced -62.1k -62,093
38 NATIXIS ADVISORS, LLC 0.36% of their portfolio Boston, MA 635,888635.9k $135.7m $135.7m 0.36% Added +259.0k +259,015
39 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 604,993605.0k $130.8m $130.8m 0.04% Added +22.1k +22,142
40 TRUIST FINANCIAL CORP 0.19% of their portfolio CHARLOTTE, NC 572,854572.9k $122.2m $122.2m 0.19% Added +30.2k +30,233
41 Badgley Phelps Wealth Managers, LLC 2.99% of their portfolio SEATTLE, WA 513,634513.6k $109.6m $109.6m 2.99% Added +51.7k +51,681
42 Employees Retirement System of Texas 1.17% of their portfolio AUSTIN, TX 467,925467.9k $99.8m $99.8m 1.17% New
43 Efficient Advisors, LLC 6.36% of their portfolio BEAVERTON, OR 441,803441.8k $94.2m $94.2m 6.36% Reduced -20.8k -20,809
44 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 438,501438.5k $93.5m $93.5m 0.00% Added +22.0k +21,993
45 DAVIS R M INC 2.04% of their portfolio PORTLAND, ME 415,384415.4k $88.6m $88.6m 2.04% Added +36.1k +36,102
46 US BANCORP \DE\ 0.13% of their portfolio MINNEAPOLIS, MN 409,798409.8k $87.4m $87.4m 0.13% Reduced -49.5k -49,537
47 Balyasny Asset Management L.P. 0.24% of their portfolio Chicago, IL 406,500406.5k $86.7m $86.7m 0.24% Added +23.2k +23,202
48 Pathstone Holdings, LLC 0.47% of their portfolio ENGLEWOOD, NJ 403,942403.9k $85.8m $85.8m 0.47% First filing
49 MONETA GROUP INVESTMENT ADVISORS LLC 1.70% of their portfolio ST LOUIS, MO 403,327403.3k $86.0m $86.0m 1.70% Added +33.9k +33,869
50 Corient Private Wealth LP 0.16% of their portfolio MIAMI, FL 402,076402.1k $85.8m $85.8m 0.16% Added +28.8k +28,821
51 PINNACLE ASSOCIATES LTD 1.39% of their portfolio NEW YORK, NY 385,971386.0k $82.3m $82.3m 1.39% Added +12 +12
52 FIFTH THIRD BANCORP 0.35% of their portfolio CINCINNATI, OH 384,429384.4k $82.0m $82.0m 0.35% Reduced -32.3k -32,304
53 JANUS HENDERSON GROUP PLC 0.05% of their portfolio LONDON, X0 383,225383.2k $81.8m $81.8m 0.05% Added +279.2k +279,239
54 Cambridge Investment Research Advisors, Inc. 0.34% of their portfolio FAIRFIELD, IA 376,260376.3k $80.3m $80.3m 0.34% Added +73.0k +73,038
55 Private Advisor Group, LLC 0.61% of their portfolio MORRISTOWN, NJ 367,756367.8k $78.5m $78.5m 0.61% Added +34.7k +34,681
56 Baker Avenue Asset Management, LP 3.41% of their portfolio SAN FRANCISCO, CA 364,025364.0k $77.7m $77.7m 3.41% Added +24.7k +24,678
57 Wealthspire Advisors, LLC 1.10% of their portfolio NEW YORK, NY 362,847362.8k $77.4m $77.4m 1.10% Reduced -3.8k -3,750
58 Cullen/Frost Bankers, Inc. 1.21% of their portfolio San Antonio, TX 360,261360.3k $76.9m $76.9m 1.21% Added +37.2k +37,245
59 PEAPACK GLADSTONE FINANCIAL CORP 1.28% of their portfolio BEDMINSTER, NJ 357,311357.3k $76.2m $76.2m 1.28% Reduced -750 -750
60 Heartwood Wealth Advisors LLC 9.96% of their portfolio RICHMOND, VA 350,656350.7k $74.8m $74.8m 9.96% Added +5.0k +5,027
61 Fusion Family Wealth, LLC 8.21% of their portfolio WOODBURY, NY 341,199341.2k $72.8m $72.8m 8.21% Reduced -37.5k -37,488
62 Karpus Management, Inc. 2.20% of their portfolio Pittsford, NY 339,548339.5k $72.4m $72.4m 2.20% Reduced -22.4k -22,420
63 Nicholas Hoffman & Company, LLC. 4.35% of their portfolio ATLANTA, GA 338,937338.9k $72.3m $72.3m 4.35% Added +32.5k +32,456
64 MML INVESTORS SERVICES, LLC 0.33% of their portfolio SPRINGFIELD, MA 335,891335.9k $71.7m $71.7m 0.33% Reduced -33.8k -33,807
65 M&T Bank Corp 0.26% of their portfolio BUFFALO, NY 333,621333.6k $71.2m $71.2m 0.26% Reduced -1 -1
66 CBIZ Investment Advisory Services, LLC 5.19% of their portfolio INDEPENDENCE, OH 319,393319.4k $68.1m $68.1m 5.19% Added +16.3k +16,256
67 CITIGROUP INC 0.09% of their portfolio NEW YORK, NY 317,204317.2k $67.7m $67.7m 0.09% Added +1.3k +1,346
68 TRUSTMARK BANK TRUST DEPARTMENT 6.05% of their portfolio JACKSON, MS 311,554311.6k $66.5m $66.5m 6.05% Reduced -7.8k -7,844
69 Millburn Ridgefield LLC /DE/ 1.99% of their portfolio New York, NY 304,104304.1k $64.9m $64.9m 1.99% Reduced -23.1k -23,055
70 Catalyst Capital Advisors LLC 1.74% of their portfolio San Juan, PR 304,104304.1k $64.9m $64.9m 1.74% Reduced -23.1k -23,055
71 VISTA CAPITAL PARTNERS, INC. 8.30% of their portfolio PORTLAND, OR 291,443291.4k $62.2m $62.2m 8.30% Reduced -4.4k -4,354
72 Centered Wealth LLC dba Miller Equity Capital Advisors 28.04% of their portfolio IRVING, TX 290,831290.8k $62.0m $62.0m 28.04% Added +10.5k +10,520
73 INVICTUS PRIVATE WEALTH, LLC 6.04% of their portfolio Denver, CO 289,423289.4k $61.7m $61.7m 6.04% Added +10.4k +10,427
74 Thrivent Financial for Lutherans 0.13% of their portfolio Minneapolis, MN 281,362281.4k $60.0m $60.0m 0.13% Reduced -91.1k -91,149
75 American Trust 4.40% of their portfolio LEXINGTON, KY 278,995279.0k $59.5m $59.5m 4.40% Reduced -11.9k -11,869
76 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 1.82% of their portfolio NORFOLK, VA 278,863278.9k $59.5m $59.5m 1.82% Added +21.0k +20,953
77 COMERICA BANK 0.27% of their portfolio DALLAS, TX 277,535277.5k $59.2m $59.2m 0.27% Added +23.8k +23,819
78 Smithfield Trust Co 3.30% of their portfolio PITTSBURGH, PA 275,552275.6k $58.7m $58.7m 3.30% Added +2.2k +2,199
79 BlackRock Inc. 0.00% of their portfolio New York, NY 271,501271.5k $57.9m $57.9m 0.00% Added +64.2k +64,226
80 Cetera Advisor Networks LLC 0.31% of their portfolio EL SEGUNDO, CA 264,472264.5k $56.4m $56.4m 0.31% Added +11.4k +11,434
81 Equitable Holdings, Inc. 0.69% of their portfolio NEW YORK, NY 263,736263.7k $56.3m $56.3m 0.69% Added +7.9k +7,910
82 ASSETMARK, INC 0.20% of their portfolio CONCORD, CA 261,656261.7k $55.8m $55.8m 0.20% Added +3.4k +3,445
83 PITTENGER & ANDERSON INC 2.45% of their portfolio LINCOLN, NE 256,254256.3k $54.7m $54.7m 2.45% Added +5.0k +5,016
84 Chandler Asset Management, Inc. 12.53% of their portfolio SAN DIEGO, CA 255,330255.3k $54.5m $54.5m 12.53% Reduced -1.6k -1,615
85 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio Toronto, A6 253,803253.8k $54.1m $54.1m 0.03% Added +12.6k +12,649
86 AVANTAX ADVISORY SERVICES, INC. 0.53% of their portfolio DALLAS, TX 251,116251.1k $53.6m $53.6m 0.53% Added +15.1k +15,099
87 Composition Wealth, LLC 1.46% of their portfolio LOS ANGELES, CA 249,881249.9k $53.3m $53.3m 1.46% Reduced -42.6k -42,646
88 NewEdge Advisors, LLC 0.49% of their portfolio NEW ORLEANS, LA 246,217246.2k $51.9m $51.9m 0.49% Added +15.8k +15,762
89 Ellenbecker Investment Group 11.46% of their portfolio WAUKESHA, WI 232,025232.0k $49.5m $49.5m 11.46% Added +8.5k +8,537
90 Marcum Wealth, LLC 5.03% of their portfolio CLEVELAND, OH 221,771221.8k $47.3m $47.3m 5.03% Reduced -1.9k -1,941
91 Garde Capital, Inc. 3.49% of their portfolio SEATTLE, WA 214,125214.1k $45.7m $45.7m 3.49% Reduced -34.0k -33,978
92 Janney Montgomery Scott LLC 0.14% of their portfolio PHILADELPHIA, PA 208,580208.6k $44.5m $44.5m 0.14% Added +43.7k +43,699
93 CENTRAL TRUST Co 1.17% of their portfolio JEFFERSON CITY, MO 206,079206.1k $44.0m $44.0m 1.17% Reduced -1.8k -1,820
94 BESSEMER GROUP INC 0.09% of their portfolio WOODBRIDGE, NJ 205,582205.6k $43.9m $43.9m 0.09% Reduced -324 -324
95 Kestra Advisory Services, LLC 0.34% of their portfolio AUSTIN, TX 195,619195.6k $41.7m $41.7m 0.34% Added +14.2k +14,150
96 Johnson Financial Group, LLC 5.29% of their portfolio Denver, CO 193,911193.9k $41.4m $41.4m 5.29% Reduced -11.5k -11,519
97 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 6.72% of their portfolio Reston, VA 180,273180.3k $38.3m $38.3m 6.72% Reduced -6.7k -6,661
98 TCV Trust & Wealth Management, Inc. 3.85% of their portfolio RICHMOND, VA 178,824178.8k $38.1m $38.1m 3.85% Reduced -463 -463
99 Parallel Advisors, LLC 1.12% of their portfolio SAN FRANCISCO, CA 176,572176.6k $37.7m $37.7m 1.12% Reduced -3.1k -3,100
100 DAVIDSON INVESTMENT ADVISORS 2.13% of their portfolio GREAT FALLS, MT 174,009174.0k $37.1m $37.1m 2.13% Added +14.4k +14,375