Vault-13

VANGUARD INDEX FDS VTI

TOTAL STK MKT · ETP · CUSIP 922908769

2,335 institutional holders +28 vs Q4 2022
431,731,226431.7m shares reported held*
$85.5bnreported value*
125 new 931 added 933 reduced 92 sold out net bought ≈ $653.8m (+6.0m 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 ($158.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $198.10. Options: 9 managers hold calls ($216.7m notional), 13 hold puts ($100.3m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 2,151Q4 22: 2,307Q1 23: 2,3352,335Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20222,151
Q4 20222,307
Q1 20232,335

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ4 22: 1,077 bought or addedQ4 22: 870 cut or sold outQ4 22Q1 23: 1,056 bought or addedQ1 23: 1,025 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221,077870
Q1 20231,0561,025

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 22 calls: $219.9mQ3 22 puts: $252.5mQ3 22P/C 1.15Q4 22 calls: $313.0mQ4 22 puts: $152.2mQ4 22P/C 0.49Q1 23 calls: $216.7mQ1 23 puts: $100.3mQ1 23P/C 0.46
Numbers
QuarterCallsPutsP/C
Q3 2022$219.9m$252.5m1.15
Q4 2022$313.0m$152.2m0.49
Q1 2023$216.7m$100.3m0.46

Biggest buyers

VANGUARD GROUP INC Added +5,997,359+6.0m
Rakuten Investment Management, Inc. Added +3,021,300+3.0m
NISSAY ASSET MANAGEMENT CORP /JAPAN Added +2,064,781+2.1m
Summit Wealth Group, LLC New +1,749,761+1.7m
Orion Portfolio Solutions, LLC Added +788,387+788.4k
Tidal Investments LLC Added +757,637+757.6k
FMR LLC Added +649,195+649.2k
Wealthfront Advisers LLC Added +617,344+617.3k
Betterment LLC Added +541,820+541.8k
SHEPHERD KAPLAN KROCHUK, LLC New +508,520+508.5k

Biggest sellers

MBB PUBLIC MARKETS I LLC Reduced -7,101,256-7.1m
National Mutual Insurance Federation of Agricultural Cooperatives Reduced -1,590,000-1.6m
MORGAN STANLEY Reduced -867,137-867.1k
Merit Financial Group, LLC Reduced -539,615-539.6k
Trustees of the Smith College Reduced -376,510-376.5k
NISA INVESTMENT ADVISORS, LLC Sold out -365,412-365.4k
PATHSTONE FAMILY OFFICE, LLC Reduced -359,155-359.2k
Bank of New York Mellon Corp Reduced -338,990-339.0k
MONETA GROUP INVESTMENT ADVISORS LLC Reduced -323,183-323.2k
Rezny Wealth Management, Inc. Reduced -292,281-292.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $172.5m845.3k shares
CITADEL ADVISORS LLC Reduced $19.7m96.3k shares
WOLVERINE TRADING, LLC Reduced $14.2m70.5k shares
Parallax Volatility Advisers, L.P. Reduced $7.4m36.2k shares
PEAK6 Investments LLC Reduced $1.7m8.3k shares
Belvedere Trading LLC New $387.8k1.9k shares
Walleye Trading LLC Added $367.4k1.8k shares
TWO SIGMA SECURITIES, LLC New $265.3k1.3k shares
Cutler Group LLC / CA Reduced $204.0k26.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $57.6m282.0k shares
CITADEL ADVISORS LLC Reduced $25.3m124.0k shares
Pentwater Capital Management LP Unchanged $10.2m50.0k shares
WOLVERINE TRADING, LLC Reduced $5.8m28.8k shares
Bull Oak Capital, LLC New $297.8k1.5k shares
MARSHALL WACE, LLP New $285.7k1.4k shares
LPL Financial LLC New $204.1k1.0k shares
Walleye Trading LLC Reduced $163.3k800 shares
PEAK6 Investments LLC Reduced $163.3k800 shares
Parallax Volatility Advisers, L.P. Reduced $142.9k700 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 Rakuten Investment Management, Inc. 78.92% of their portfolio TOKYO, M0 32,577,32732.6m $6.6bn $6.6bn 78.92% Added +3.0m +3,021,300
2 Betterment LLC 19.42% of their portfolio NEW YORK, NY 29,389,34729.4m $6.0bn $6.0bn 19.42% Added +541.8k +541,820
3 VANGUARD GROUP INC 0.15% of their portfolio Valley Forge, PA 29,310,91329.3m $6.0bn $6.0bn 0.15% Added +6.0m +5,997,359
4 Wealthfront Advisers LLC 12.68% of their portfolio Palo Alto, CA 13,673,55513.7m $2.8bn $2.8bn 12.68% Added +617.3k +617,344
5 US BANCORP \DE\ 4.57% of their portfolio MINNEAPOLIS, MN 13,248,76613.2m $2.7bn $2.7bn 4.57% Added +170.6k +170,646
6 BANK OF AMERICA CORP /DE/ 0.31% of their portfolio CHARLOTTE, NC 13,221,76813.2m $2.7bn $2.7bn 0.31% Reduced -38.2k -38,223
7 LPL Financial LLC 2.07% of their portfolio FORT MILL, SC 13,024,35113.0m $2.7bn $2.7bn 2.07% Reduced -271.0k -271,038
8 MORGAN STANLEY 0.25% of their portfolio NEW YORK, NY 11,343,69311.3m $2.3bn $2.3bn 0.25% Reduced -867.1k -867,137
9 WealthNavi Inc. 35.20% of their portfolio Shinagawa-ku, TOKYO, M0 10,118,47910.1m $2.1bn $2.1bn 35.20% Added +411.2k +411,185
10 NORTHERN TRUST CORP 0.39% of their portfolio CHICAGO, IL 9,627,3599.6m $2.0bn $2.0bn 0.39% Added +12.6k +12,566
11 Creative Planning 2.59% of their portfolio OVERLAND PARK, KS 8,817,1238.8m $1.8bn $1.8bn 2.59% Reduced -277.2k -277,219
12 ENVESTNET ASSET MANAGEMENT INC 0.77% of their portfolio Berwyn, PA 7,832,8497.8m $1.6bn $1.6bn 0.77% Added +11.4k +11,377
13 HB Wealth Management, LLC 23.83% of their portfolio Atlanta, GA 7,115,0537.1m $1.4bn $1.4bn 23.83% Added +264.0k +264,041
14 Allworth Financial LP 12.89% of their portfolio FOLSOM, CA 6,290,8796.3m $1.3bn $1.3bn 12.89% Added +320.9k +320,943
15 Wellspring Financial Advisors, LLC 12.70% of their portfolio CLEVELAND, OH 6,186,0686.2m $42.8m $42.8m 12.70% Reduced -6.1k -6,098
16 National Mutual Insurance Federation of Agricultural Cooperatives 15.46% of their portfolio TOKYO, JAPAN, M0 6,103,8006.1m $1.2bn $1.2bn 15.46% Reduced -1.6m -1,590,000
17 Ballentine Partners, LLC 29.23% of their portfolio Waltham, MA 5,691,8035.7m $1.2bn $1.2bn 29.23% Added +297.1k +297,147
18 WELLS FARGO & COMPANY/MN 0.35% of their portfolio SAN FRANCISCO, CA 5,511,2895.5m $1.1bn $1.1bn 0.35% Reduced -83.2k -83,241
19 OSAIC HOLDINGS, INC. 1.10% of their portfolio SCOTTSDALE, AZ 4,489,8114.5m $586.9m $586.9m 1.10% Reduced -22.5k -22,495
20 NISSAY ASSET MANAGEMENT CORP /JAPAN 7.92% of their portfolio Tokyo, M0 4,342,1864.3m $886.2m $886.2m 7.92% Added +2.1m +2,064,781
21 UBS Group AG 0.37% of their portfolio ZURICH, V8 3,966,7454.0m $809.6m $809.6m 0.37% Added +513 +513
22 Forvis Mazars Wealth Advisors, LLC 24.23% of their portfolio Springfield, MO 3,626,6853.6m $740.2m $740.2m 24.23% Reduced -93.2k -93,248
23 GOLDMAN SACHS GROUP INC 0.19% of their portfolio NEW YORK, NY 3,383,8873.4m $690.7m $690.7m 0.19% Reduced -136.1k -136,102
24 Morningstar Investment Services LLC 8.42% of their portfolio CHICAGO, IL 3,123,4893.1m $627.2m $627.2m 8.42% Reduced -473 -473
25 PNC Financial Services Group, Inc. 0.53% of their portfolio Pittsburgh, PA 2,932,8172.9m $598.6m $598.6m 0.53% Added +27.8k +27,822
26 ROYAL BANK OF CANADA 0.15% of their portfolio TORONTO, A6 2,485,2522.5m $507.2m $507.2m 0.15% Reduced -72.8k -72,761
27 COMMONWEALTH EQUITY SERVICES, LLC 1.00% of their portfolio WALTHAM, MA 2,336,6242.3m $476.9m $476.9m 1.00% Reduced -6.4k -6,371
28 Sequoia Financial Advisors, LLC 10.24% of their portfolio Akron, OH 2,255,5572.3m $460.4m $460.4m 10.24% Added +54.3k +54,319
29 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 2,164,8802.2m $441.9m $441.9m 0.06% Reduced -76.6k -76,584
30 SCS Capital Management LLC 12.92% of their portfolio BOSTON, MA 2,150,7542.2m $439.0m $439.0m 12.92% Reduced -45.0k -44,975
31 State of Tennessee, Department of Treasury 1.93% of their portfolio NASHVILLE, TN 2,133,4402.1m $435.4m $435.4m 1.93% Unchanged
32 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 2,025,7422.0m $413.6m $413.6m 0.14% Added +82.6k +82,633
33 Bank of New York Mellon Corp 0.08% of their portfolio NEW YORK, NY 1,878,9481.9m $383.5m $383.5m 0.08% Reduced -339.0k -338,990
34 Raymond James Financial Services Advisors, Inc. 0.71% of their portfolio ST. PETERSBURG, FL 1,829,5441.8m $373.4m $373.4m 0.71% Reduced -27.5k -27,451
35 Summit Wealth Group, LLC 0.02% of their portfolio WHITE RIVER JUNCTION, VT 1,749,7611.7m $9 $9 0.02% New
36 Empower Advisory Group, LLC 1.59% of their portfolio Greenwood Village, CO 1,728,7061.7m $353.8m $353.8m 1.59% First filing
37 WEALTHCARE CAPITAL MANAGEMENT LLC 42.70% of their portfolio RICHMOND, VA 1,714,5221.7m $349.9m $349.9m 42.70% Reduced -13.3k -13,277
38 Summit Financial, LLC 30.39% of their portfolio PARSIPPANY, NJ 1,704,1451.7m $347.8m $347.8m 30.39% Added +5.5k +5,522
39 BANK OF HAWAII 18.53% of their portfolio HONOLULU, HI 1,564,3521.6m $319.3m $319.3m 18.53% Reduced -137.7k -137,650
40 TRUIST FINANCIAL CORP 0.54% of their portfolio CHARLOTTE, NC 1,534,8071.5m $313.3m $313.3m 0.54% Added +112.6k +112,636
41 Ellevest, Inc. 22.77% of their portfolio NEW YORK, NY 1,436,1311.4m $293.1m $293.1m 22.77% Added +43.2k +43,213
42 Truepoint, Inc. 10.01% of their portfolio CINCINNATI, OH 1,423,5461.4m $290.5m $290.5m 10.01% Reduced -16.1k -16,105
43 Mariner, LLC 0.83% of their portfolio Overland Park, KS 1,395,4361.4m $284.8m $284.8m 0.83% Reduced -52.3k -52,275
44 Cambridge Investment Research Advisors, Inc. 1.39% of their portfolio FAIRFIELD, IA 1,393,2201.4m $284.4m $284.4m 1.39% Added +97.2k +97,212
45 LINCOLN NATIONAL CORP 5.93% of their portfolio RADNOR, PA 1,382,7061.4m $282.2m $282.2m 5.93% Added +3.2k +3,176
46 Tidal Investments LLC 4.80% of their portfolio Milwaukee, WI 1,378,0861.4m $281.3m $281.3m 4.80% Added +757.6k +757,637
47 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 24.74% of their portfolio KNOXVILLE, TN 1,376,9521.4m $281.0m $281.0m 24.74% Added +32.6k +32,632
48 Cetera Investment Advisers 2.39% of their portfolio SCHAUMBURG, IL 1,340,6711.3m $273.6m $273.6m 2.39% Added +4.7k +4,671
49 CITIGROUP INC 0.37% of their portfolio NEW YORK, NY 1,338,4261.3m $273.2m $273.2m 0.37% Reduced -149.4k -149,368
50 Facet Wealth, Inc. 16.24% of their portfolio WEST PALM BEACH, FL 1,314,9451.3m $268.4m $268.4m 16.24% Added +75.9k +75,896
51 Annex Advisory Services, LLC 13.69% of their portfolio BROOKFIELD, WI 1,251,4241.3m $255.4m $255.4m 13.69% Added +22.8k +22,808
52 Private Advisor Group, LLC 2.44% of their portfolio MORRISTOWN, NJ 1,250,6841.3m $255.3m $255.3m 2.44% Added +17.1k +17,100
53 Foster Group, Inc. 16.08% of their portfolio WEST DES MOINES, IA 1,245,2511.2m $254.2m $254.2m 16.08% Added +34.2k +34,216
54 VISTA CAPITAL PARTNERS, INC. 36.98% of their portfolio PORTLAND, OR 1,227,7611.2m $250.6m $250.6m 36.98% Reduced -5.4k -5,356
55 FMR LLC 0.01% of their portfolio BOSTON, MA 1,223,6921.2m $249.8m $249.8m 0.01% Added +649.2k +649,195
56 J.P. Morgan Private Wealth Advisors LLC 0.51% of their portfolio SAN FRANCISCO, CA 1,178,5971.2m $240.6m $240.6m 0.51% Reduced -99.7k -99,699
57 Investure, LLC 43.59% of their portfolio CHARLOTTESVILLE, VA 1,147,5701.1m $234.2m $234.2m 43.59% Reduced -15.3k -15,296
58 Symetra Investment Management Co 100.00% of their portfolio Farmington, CT 1,135,4281.1m $231.7k $231.7k 100.00% Added +156.8k +156,813
59 Sageworth Trust Co 16.30% of their portfolio LANCASTER, PA 1,080,0461.1m $220.4m $220.4m 16.30% Reduced -2.0k -2,019
60 HighTower Advisors, LLC 0.47% of their portfolio CHICAGO, IL 1,054,5641.1m $215.2m $215.2m 0.47% Added +7.4k +7,353
61 Hernani LP 47.22% of their portfolio ST. HELIER, Y9 1,036,4081.0m $211.5m $211.5m 47.22% Reduced -15.8k -15,850
62 Gibson Capital, LLC 54.18% of their portfolio WEXFORD, PA 1,009,1871.0m $206.0m $206.0m 54.18% Added +51.1k +51,097
63 MBB PUBLIC MARKETS I LLC 11.56% of their portfolio CHICAGO, IL 977,621977.6k $199.5m $199.5m 11.56% Reduced -7.1m -7,101,256
64 Savant Capital, LLC 3.64% of their portfolio ROCKFORD, IL 957,967958.0k $195.5m $195.5m 3.64% Added +67.0k +67,004
65 Zions Bancorporation, N.A. 16.59% of their portfolio SALT LAKE CITY, UT 945,175945.2k $192.9m $192.9m 16.59% Added +8.5k +8,483
66 BROWN ADVISORY INC 0.32% of their portfolio BALTIMORE, MD 939,611939.6k $191.8m $191.8m 0.32% Reduced -26.2k -26,244
67 Corient Private Wealth LP 0.50% of their portfolio MIAMI, FL 920,074920.1k $187.8m $187.8m 0.50% Added +33.2k +33,200
68 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.06% of their portfolio SAN FRANCISCO, CA 918,700918.7k $187.5m $187.5m 0.06% Reduced -16.1k -16,129
69 First Business Financial Services, Inc. 23.26% of their portfolio MADISON, WI 907,898907.9k $185.3m $185.3m 23.26% Added +21.9k +21,902
70 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.25% of their portfolio MILWAUKEE, WI 890,549890.5k $181.8m $181.8m 0.25% Added +7.2k +7,181
71 TIAA, FSB 0.65% of their portfolio ST. LOUIS, MO 858,302858.3k $175.2m $175.2m 0.65% Reduced -12.5k -12,457
72 Capstone Financial Advisors, Inc. 13.30% of their portfolio DOWNERS GROVE, IL 824,560824.6k $168.3m $168.3m 13.30% Added +17.4k +17,421
73 Orion Porfolio Solutions, LLC 2.06% of their portfolio OMAHA, NE 817,215817.2k $166.8m $166.8m 2.06% Reduced -81.4k -81,442
74 Orion Portfolio Solutions, LLC 2.06% of their portfolio Omaha, NE 817,215817.2k $166.8m $166.8m 2.06% Added +788.4k +788,387
75 AEGON USA Investment Management, LLC 46.28% of their portfolio CEDAR RAPIDS, IA 795,432795.4k $162.3m $162.3m 46.28% Reduced -10.6k -10,562
76 STEPHENS INC /AR/ 3.06% of their portfolio LITTLE ROCK, AR 780,721780.7k $159.3m $159.3m 3.06% Added +14.3k +14,266
77 Cresset Asset Management, LLC 3.16% of their portfolio Chicago, IL 773,162773.2k $157.8m $157.8m 3.16% Added +39.7k +39,694
78 Caprock Group, LLC 12.19% of their portfolio BOISE, ID 770,829770.8k $157.3m $157.3m 12.19% Added +9.3k +9,329
79 Monashee Investment Management LLC 43.11% of their portfolio Boston, MA 765,000765.0k $156.1m $156.1m 43.11% Added +455.0k +455,000
80 RITHOLTZ WEALTH MANAGEMENT 7.49% of their portfolio NEW YORK, NY 735,782735.8k $150.2m $150.2m 7.49% Reduced -18.0k -18,021
81 Hardy Reed LLC 26.06% of their portfolio TUPELO, MS 725,687725.7k $148.1m $148.1m 26.06% Added +15.0k +14,979
82 Employees' Retirement Fund of the City of Fort Worth 28.73% of their portfolio FORT WORTH, TX 719,552719.6k $146.9m $146.9m 28.73% Unchanged
83 AGF MANAGEMENT LTD 1.00% of their portfolio TORONTO, A6 718,248718.2k $146.5m $146.5m 1.00% Reduced -13.0k -12,993
84 Wealthspire Advisors, LLC 2.48% of their portfolio NEW YORK, NY 707,078707.1k $144.3m $144.3m 2.48% Reduced -20.7k -20,658
85 RAYMOND JAMES & ASSOCIATES 0.12% of their portfolio ST PETERSBURG, FL 693,415693.4k $141.5m $141.5m 0.12% Added +3.2k +3,248
86 Verus Financial Partners, Inc. 18.80% of their portfolio RICHMOND, VA 686,548686.5k $138.0m $138.0m 18.80% Added +8.5k +8,456
87 Laird Norton Wetherby Trust Company, LLC 17.26% of their portfolio Seattle, WA 677,133677.1k $138.2m $138.2m 17.26% Added +320 +320
88 CIBC Private Wealth Group LLC 0.05% of their portfolio ATLANTA, GA 660,258660.3k $44.9m $44.9m 0.05% Added +303.0k +303,031
89 Kestra Advisory Services, LLC 1.44% of their portfolio AUSTIN, TX 651,349651.3k $132.9m $132.9m 1.44% Reduced -30.8k -30,844
90 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 642,475642.5k $131.2m $131.2m 0.06% Reduced -26.9k -26,888
91 Relative Value Partners Group, LLC 4.39% of their portfolio NORTHBROOK, IL 629,394629.4k $128.5m $128.5m 4.39% Added +309.7k +309,697
92 Allen Investment Management, LLC 2.09% of their portfolio NEW YORK, NY 609,841609.8k $124.5m $124.5m 2.09% Added +28.6k +28,552
93 Boston Standard Wealth Management, LLC 35.32% of their portfolio WINCHESTER, MA 603,060603.1k $123.1m $123.1m 35.32% Reduced -2.9k -2,860
94 Mizuho Bank, Ltd. 14.18% of their portfolio TOKYO, M0 600,000600.0k $122.5m $122.5m 14.18% Unchanged
95 Cetera Advisor Networks LLC 0.90% of their portfolio EL SEGUNDO, CA 596,430596.4k $121.7m $121.7m 0.90% Added +165.6k +165,561
96 Sendero Wealth Management, LLC 36.09% of their portfolio SAN ANTONIO, TX 577,306577.3k $117.8m $117.8m 36.09% Reduced -22.2k -22,168
97 REBALANCE, LLC 11.47% of their portfolio PALO ALTO, CA 568,441568.4k $116.0m $116.0m 11.47% Added +19.5k +19,526
98 OXFORD FINANCIAL GROUP, LTD. LLC 12.76% of their portfolio INDIANAPOLIS, IN 557,192557.2k $113.7m $113.7m 12.76% Added +27.6k +27,551
99 GLENMEDE TRUST CO NA 0.64% of their portfolio PHILADELPHIA, PA 552,973553.0k $112.9m $112.9m 0.64% Reduced -6.7k -6,664
100 Baird Financial Group, Inc. 0.28% of their portfolio MILWAUKEE, WI 546,286546.3k $111.5m $111.5m 0.28% Reduced -18.6k -18,586