Vault-13

VANGUARD INDEX FDS VTI

TOTAL STK MKT · ETP · CUSIP 922908769

2,686 institutional holders +275 vs Q3 2023
494,596,227494.6m shares reported held*
$114.7bnreported value*
127 new 1,109 added 886 reduced 65 sold out net bought ≈ $7.7bn (+36.4m 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 ($205.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $231.94. Options: 6 managers hold calls ($292.1m notional), 11 hold puts ($118.8m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 2,151Q4 22: 2,307Q1 23: 2,335Q2 23: 2,387Q3 23: 2,411Q4 23: 2,6862,686Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 20222,151
Q4 20222,307
Q1 20232,335
Q2 20232,387
Q3 20232,411
Q4 20232,686

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 23Q2 23: 1,077 bought or addedQ2 23: 1,019 cut or sold outQ2 23Q3 23: 1,156 bought or addedQ3 23: 948 cut or sold outQ3 23Q4 23: 1,236 bought or addedQ4 23: 951 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221,077870
Q1 20231,0561,025
Q2 20231,0771,019
Q3 20231,156948
Q4 20231,236951

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ1 23 calls: $216.7mQ1 23 puts: $100.3mQ1 23P/C 0.46Q2 23 calls: $625.7mQ2 23 puts: $109.9mQ2 23P/C 0.18Q3 23 calls: $240.0mQ3 23 puts: $186.4mQ3 23P/C 0.78Q4 23 calls: $292.1mQ4 23 puts: $118.8mQ4 23P/C 0.41
Numbers
QuarterCallsPutsP/C
Q1 2023$216.7m$100.3m0.46
Q2 2023$625.7m$109.9m0.18
Q3 2023$240.0m$186.4m0.78
Q4 2023$292.1m$118.8m0.41

Biggest buyers

MORGAN STANLEY Added +12,533,308+12.5m
JPMORGAN CHASE & CO Added +5,189,369+5.2m
Cerity Partners LLC Added +4,665,993+4.7m
VANGUARD GROUP INC Added +3,679,918+3.7m
Morningstar Investment Services LLC Added +3,294,486+3.3m
SCS Capital Management LLC Added +2,175,351+2.2m
Rakuten Investment Management, Inc. Added +2,158,700+2.2m
Balyasny Asset Management L.P. New +1,331,537+1.3m
LPL Financial LLC Added +540,099+540.1k
TWO SIGMA INVESTMENTS, LP Added +505,350+505.4k

Biggest sellers

State of Tennessee, Department of Treasury Reduced -2,245,529-2.2m
US BANCORP \DE\ Reduced -686,915-686.9k
OSAIC HOLDINGS, INC. Reduced -685,647-685.6k
Symetra Investment Management Co Reduced -670,796-670.8k
National Mutual Insurance Federation of Agricultural Cooperatives Reduced -590,000-590.0k
EVOKE WEALTH, LLC Sold out -554,960-555.0k
CITIGROUP INC Reduced -471,182-471.2k
Laird Norton Wetherby Trust Company, LLC Reduced -450,676-450.7k
Trellis Advisors, LLC Sold out -366,654-366.7k
Creative Planning Reduced -356,416-356.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $208.4m878.7k shares
CITADEL ADVISORS LLC Added $61.2m258.1k shares
GTS SECURITIES LLC Added $17.7m74.8k shares
Walleye Trading LLC Added $3.8m16.2k shares
Cutler Group LLC / CA Reduced $445.0k18.3k shares
PEAK6 Investments LLC Reduced $427.0k1.8k shares

Biggest puts

CITADEL ADVISORS LLC Added $48.4m204.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $45.6m192.2k shares
WELLS FARGO & COMPANY/MN Reduced $9.1m38.2k shares
PEAK6 Investments LLC Added $7.3m30.9k shares
GTS SECURITIES LLC Reduced $6.0m25.2k shares
Walleye Trading LLC Reduced $1.3m5.5k shares
SHELTON CAPITAL MANAGEMENT Unchanged $759.1k3.2k shares
Qube Research & Technologies Ltd Reduced $213.5k900 shares
Parallax Volatility Advisers, L.P. Unchanged $118.6k500 shares
Cutler Group LLC / CA Added $20.0k36.6k 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 Rakuten Investment Management, Inc. 81.93% of their portfolio TOKYO, M0 39,206,82739.2m $9.3bn $9.3bn 81.93% Added +2.2m +2,158,700
2 VANGUARD GROUP INC 0.20% of their portfolio Valley Forge, PA 38,913,88538.9m $9.2bn $9.2bn 0.20% Added +3.7m +3,679,918
3 Betterment LLC 20.17% of their portfolio NEW YORK, NY 29,534,42429.5m $7.0bn $7.0bn 20.17% Reduced -117.9k -117,949
4 MORGAN STANLEY 0.25% of their portfolio NEW YORK, NY 23,854,79423.9m $5.7bn $5.7bn 0.25% Added +12.5m +12,533,308
5 US BANCORP \DE\ 6.66% of their portfolio MINNEAPOLIS, MN 18,968,20719.0m $4.5bn $4.5bn 6.66% Reduced -686.9k -686,915
6 Wealthfront Advisers LLC 13.28% of their portfolio Palo Alto, CA 14,570,88314.6m $3.5bn $3.5bn 13.28% Added +190.2k +190,150
7 LPL Financial LLC 2.02% of their portfolio FORT MILL, SC 14,042,22514.0m $3.3bn $3.3bn 2.02% Added +540.1k +540,099
8 BANK OF AMERICA CORP /DE/ 0.36% of their portfolio CHARLOTTE, NC 13,268,57213.3m $3.1bn $3.1bn 0.36% Added +184.3k +184,263
9 WealthNavi Inc. 36.41% of their portfolio Shinagawa-ku, TOKYO, M0 10,583,79810.6m $2.5bn $2.5bn 36.41% Added +25.2k +25,226
10 NORTHERN TRUST CORP 0.42% of their portfolio CHICAGO, IL 9,689,8239.7m $2.3bn $2.3bn 0.42% Added +133.0k +133,037
11 JPMORGAN CHASE & CO 0.11% of their portfolio NEW YORK, NY 8,801,3328.8m $2.1bn $2.1bn 0.11% Added +5.2m +5,189,369
12 Allworth Financial LP 14.77% of their portfolio FOLSOM, CA 8,143,4398.1m $1.9bn $1.9bn 14.77% Added +152.3k +152,315
13 Creative Planning 3.52% of their portfolio OVERLAND PARK, KS 7,993,3058.0m $1.9bn $1.9bn 3.52% Reduced -356.4k -356,416
14 HB Wealth Management, LLC 23.63% of their portfolio Atlanta, GA 7,171,2217.2m $1.6bn $1.6bn 23.63% Added +22.1k +22,106
15 ENVESTNET ASSET MANAGEMENT INC 0.65% of their portfolio Berwyn, PA 6,650,0466.7m $1.6bn $1.6bn 0.65% Added +24.8k +24,847
16 Morningstar Investment Services LLC 8.82% of their portfolio CHICAGO, IL 6,570,6206.6m $1.6bn $1.6bn 8.82% Added +3.3m +3,294,486
17 Wellspring Financial Advisors, LLC 11.43% of their portfolio CLEVELAND, OH 6,174,1276.2m $45.9m $45.9m 11.43% Reduced -709 -709
18 WELLS FARGO & COMPANY/MN 0.41% of their portfolio SAN FRANCISCO, CA 6,068,8276.1m $1.4bn $1.4bn 0.41% Added +269.8k +269,792
19 Ballentine Partners, LLC 28.77% of their portfolio Waltham, MA 5,946,3105.9m $1.4bn $1.4bn 28.77% Added +65.9k +65,923
20 Cerity Partners LLC 0.81% of their portfolio NEW YORK, NY 5,510,1305.5m $242.7m $242.7m 0.81% Added +4.7m +4,665,993
21 National Mutual Insurance Federation of Agricultural Cooperatives 11.99% of their portfolio TOKYO, JAPAN, M0 4,444,8004.4m $1.1bn $1.1bn 11.99% Reduced -590.0k -590,000
22 SCS Capital Management LLC 11.61% of their portfolio BOSTON, MA 4,279,3204.3m $1.0bn $1.0bn 11.61% Added +2.2m +2,175,351
23 UBS Group AG 0.39% of their portfolio ZURICH, V8 4,105,3334.1m $973.9m $973.9m 0.39% Added +159.2k +159,194
24 Forvis Mazars Wealth Advisors, LLC 24.69% of their portfolio Springfield, MO 3,737,7503.7m $886.7m $886.7m 24.69% Added +44.3k +44,294
25 NISSAY ASSET MANAGEMENT CORP /JAPAN 6.92% of their portfolio Tokyo, M0 3,626,7273.6m $860.3m $860.3m 6.92% Unchanged
26 GOLDMAN SACHS GROUP INC 0.18% of their portfolio NEW YORK, NY 3,517,6303.5m $834.5m $834.5m 0.18% Added +108.4k +108,424
27 PNC Financial Services Group, Inc. 0.55% of their portfolio Pittsburgh, PA 2,953,6643.0m $700.7m $700.7m 0.55% Added +4.2k +4,160
28 OSAIC HOLDINGS, INC. 1.16% of their portfolio SCOTTSDALE, AZ 2,788,5382.8m $661.7m $661.7m 1.16% Reduced -685.6k -685,647
29 Sequoia Financial Advisors, LLC 7.95% of their portfolio Akron, OH 2,702,2062.7m $641.0m $641.0m 7.95% Added +222.5k +222,507
30 State of Tennessee, Department of Treasury 2.36% of their portfolio NASHVILLE, TN 2,543,3232.5m $603.3m $603.3m 2.36% Reduced -2.2m -2,245,529
31 COMMONWEALTH EQUITY SERVICES, LLC 1.06% of their portfolio WALTHAM, MA 2,445,7062.4m $580.2m $580.2m 1.06% Added +62.9k +62,948
32 ROYAL BANK OF CANADA 0.14% of their portfolio TORONTO, A6 2,418,0742.4m $573.6m $573.6m 0.14% Added +31.5k +31,515
33 AMERIPRISE FINANCIAL INC 0.15% of their portfolio MINNEAPOLIS, MN 2,187,6722.2m $516.2m $516.2m 0.15% Added +79.6k +79,638
34 Raymond James Financial Services Advisors, Inc. 0.76% of their portfolio ST. PETERSBURG, FL 1,972,6512.0m $468.0m $468.0m 0.76% Added +63.1k +63,056
35 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 1,908,1821.9m $452.7m $452.7m 0.09% Added +57.8k +57,840
36 Facet Wealth, Inc. 16.46% of their portfolio WEST PALM BEACH, FL 1,752,5991.8m $429.1m $429.1m 16.46% Added +192.3k +192,313
37 Empower Advisory Group, LLC 1.60% of their portfolio Greenwood Village, CO 1,708,6321.7m $405.3m $405.3m 1.60% Added +4.5k +4,472
38 HighTower Advisors, LLC 0.65% of their portfolio CHICAGO, IL 1,640,7721.6m $389.2m $389.2m 0.65% Added +493.9k +493,911
39 Summit Financial, LLC 24.57% of their portfolio PARSIPPANY, NJ 1,585,0421.6m $376.0m $376.0m 24.57% Reduced -941 -941
40 WEALTHCARE CAPITAL MANAGEMENT LLC 42.83% of their portfolio RICHMOND, VA 1,583,2841.6m $375.6m $375.6m 42.83% Reduced -14.3k -14,308
41 Cambridge Investment Research Advisors, Inc. 1.58% of their portfolio FAIRFIELD, IA 1,561,6441.6m $370.5m $370.5m 1.58% Added +5.8k +5,812
42 Ellevest, Inc. 24.33% of their portfolio NEW YORK, NY 1,504,8301.5m $357.0m $357.0m 24.33% Added +25.5k +25,518
43 Mariner, LLC 0.84% of their portfolio Overland Park, KS 1,500,6741.5m $356.0m $356.0m 0.84% Added +59.6k +59,608
44 TRUIST FINANCIAL CORP 0.54% of their portfolio CHARLOTTE, NC 1,423,2851.4m $337.6m $337.6m 0.54% Reduced -10.2k -10,156
45 Prime Capital Investment Advisors, LLC 5.04% of their portfolio OVERLAND PARK, KS 1,406,5681.4m $333.7m $333.7m 5.04% Reduced -43.2k -43,227
46 LINCOLN NATIONAL CORP 5.81% of their portfolio RADNOR, PA 1,393,9251.4m $330.7m $330.7m 5.81% Added +13.3k +13,263
47 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 27.86% of their portfolio KNOXVILLE, TN 1,376,6331.4m $326.6m $326.6m 27.86% Reduced -4.6k -4,618
48 Truepoint, Inc. 9.46% of their portfolio CINCINNATI, OH 1,361,7531.4m $323.0m $323.0m 9.46% Reduced -25.7k -25,739
49 BANK OF HAWAII 16.92% of their portfolio HONOLULU, HI 1,332,4421.3m $316.1m $316.1m 16.92% Reduced -208.5k -208,526
50 Balyasny Asset Management L.P. 0.88% of their portfolio Chicago, IL 1,331,5371.3m $315.9m $315.9m 0.88% New
51 Sageworth Trust Co 20.77% of their portfolio LANCASTER, PA 1,283,4091.3m $304.5m $304.5m 20.77% Added +179.1k +179,060
52 Private Advisor Group, LLC 2.35% of their portfolio MORRISTOWN, NJ 1,275,7611.3m $302.6m $302.6m 2.35% Added +31.5k +31,489
53 Cetera Investment Advisers 2.46% of their portfolio SCHAUMBURG, IL 1,274,2441.3m $302.3m $302.3m 2.46% Reduced -18.9k -18,935
54 Foster Group, Inc. 16.22% of their portfolio WEST DES MOINES, IA 1,248,6231.2m $265.2m $265.2m 16.22% Unchanged
55 Savant Capital, LLC 3.61% of their portfolio ROCKFORD, IL 1,179,0051.2m $279.7m $279.7m 3.61% Added +73.7k +73,664
56 VISTA CAPITAL PARTNERS, INC. 37.11% of their portfolio PORTLAND, OR 1,172,6481.2m $278.2m $278.2m 37.11% Reduced -15.9k -15,934
57 Envestnet Portfolio Solutions, Inc. 1.06% of their portfolio BERWYN, PA 1,071,8861.1m $254.3m $254.3m 1.06% Added +31.2k +31,170
58 BROWN ADVISORY INC 0.33% of their portfolio BALTIMORE, MD 991,775991.8k $235.3m $235.3m 0.33% Added +49.9k +49,890
59 Investure, LLC 30.58% of their portfolio CHARLOTTESVILLE, VA 966,173966.2k $229.2m $229.2m 30.58% Reduced -17.4k -17,425
60 Gibson Capital, LLC 53.68% of their portfolio WEXFORD, PA 965,083965.1k $228.9m $228.9m 53.68% Reduced -1.1k -1,127
61 Wealthspire Advisors, LLC 3.21% of their portfolio NEW YORK, NY 951,337951.3k $225.7m $225.7m 3.21% Added +121.4k +121,444
62 Corient Private Wealth LP 0.41% of their portfolio MIAMI, FL 936,390936.4k $222.1m $222.1m 0.41% Reduced -21.3k -21,342
63 CITIGROUP INC 0.29% of their portfolio NEW YORK, NY 914,018914.0k $216.8m $216.8m 0.29% Reduced -471.2k -471,182
64 First Business Financial Services, Inc. 24.80% of their portfolio MADISON, WI 899,330899.3k $213.3m $213.3m 24.80% Added +9.6k +9,579
65 Capstone Financial Advisors, Inc. 14.68% of their portfolio DOWNERS GROVE, IL 864,358864.4k $205.0m $205.0m 14.68% Added +15.7k +15,692
66 TIAA TRUST, NATIONAL ASSOCIATION 0.68% of their portfolio CHARLOTTE, NC 857,366857.4k $203.4m $203.4m 0.68% Reduced -12.7k -12,667
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.23% of their portfolio MILWAUKEE, WI 856,029856.0k $203.1m $203.1m 0.23% Added +8.7k +8,689
68 RAYMOND JAMES & ASSOCIATES 0.15% of their portfolio ST PETERSBURG, FL 854,456854.5k $202.7m $202.7m 0.15% Added +73.2k +73,161
69 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 838,601838.6k $198.9m $198.9m 0.05% Reduced -64.0k -64,038
70 Cetera Advisor Networks LLC 1.11% of their portfolio EL SEGUNDO, CA 838,034838.0k $198.8m $198.8m 1.11% Added +45.0k +45,045
71 STEPHENS INC /AR/ 3.42% of their portfolio LITTLE ROCK, AR 835,892835.9k $198.3m $198.3m 3.42% Added +90.8k +90,782
72 Independent Advisor Alliance 6.69% of their portfolio CHARLOTTE, NC 825,573825.6k $185.7m $185.7m 6.69% Added +417.8k +417,832
73 RITHOLTZ WEALTH MANAGEMENT 7.53% of their portfolio NEW YORK, NY 818,578818.6k $194.2m $194.2m 7.53% Added +13.9k +13,902
74 Zions Bancorporation, N.A. 13.15% of their portfolio SALT LAKE CITY, UT 806,217806.2k $191.3m $191.3m 13.15% Reduced -30.1k -30,079
75 Cresset Asset Management, LLC 1.09% of their portfolio Chicago, IL 759,601759.6k $180.2m $180.2m 1.09% Reduced -5.2k -5,177
76 Verus Financial Partners, Inc. 22.67% of their portfolio RICHMOND, VA 756,961757.0k $183.3m $183.3m 22.67% Reduced -10.8k -10,771
77 Caprock Group, LLC 11.47% of their portfolio BOISE, ID 756,668756.7k $179.5m $179.5m 11.47% Reduced -2.8k -2,811
78 BUCKINGHAM STRATEGIC WEALTH, LLC 2.12% of their portfolio CLAYTON, MO 751,630751.6k $178.3m $178.3m 2.12% Added +60.7k +60,748
79 Cabot-Wellington, LLC 74.17% of their portfolio BOSTON, MA 747,985748.0k $177.4m $177.4m 74.17% Added +209.1k +209,079
80 Employees' Retirement Fund of the City of Fort Worth 34.22% of their portfolio FORT WORTH, TX 719,552719.6k $170.7m $170.7m 34.22% Unchanged
81 FMR LLC 0.01% of their portfolio BOSTON, MA 718,428718.4k $170.4m $170.4m 0.01% Added +45.3k +45,304
82 Tanglewood Wealth Management, Inc. 20.56% of their portfolio HOUSTON, TX 708,076708.1k $168.0m $168.0m 20.56% Added +145.9k +145,854
83 Kestra Advisory Services, LLC 1.36% of their portfolio AUSTIN, TX 706,722706.7k $167.6m $167.6m 1.36% Added +7.0k +6,988
84 Hardy Reed LLC 22.18% of their portfolio TUPELO, MS 690,364690.4k $163.8m $163.8m 22.18% Reduced -40.6k -40,640
85 REBALANCE, LLC 13.92% of their portfolio PALO ALTO, CA 673,534673.5k $159.8m $159.8m 13.92% Reduced -15.0k -14,968
86 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.46% of their portfolio PLYMOUTH, MN 661,548661.5k $156.9m $156.9m 0.46% Added +33.0k +33,014
87 Pathstone Holdings, LLC 0.84% of their portfolio ENGLEWOOD, NJ 651,224651.2k $154.5m $154.5m 0.84% First filing
88 OXFORD FINANCIAL GROUP, LTD. LLC 11.38% of their portfolio INDIANAPOLIS, IN 648,061648.1k $153.7m $153.7m 11.38% Added +17.5k +17,479
89 CAPTRUST FINANCIAL ADVISORS 0.53% of their portfolio RALEIGH, NC 646,690646.7k $153.4m $153.4m 0.53% Added +8.3k +8,273
90 BANK OF MONTREAL /CAN/ 0.05% of their portfolio TORONTO, A6 639,977640.0k $152.5m $152.5m 0.05% Added +8.0k +8,016
91 Boston Standard Wealth Management, LLC 35.75% of their portfolio WINCHESTER, MA 637,635637.6k $135.4m $135.4m 35.75% Unchanged
92 Orion Porfolio Solutions, LLC 1.74% of their portfolio OMAHA, NE 632,939632.9k $149.7m $149.7m 1.74% Reduced -28.7k -28,742
93 Orion Portfolio Solutions, LLC 1.74% of their portfolio Omaha, NE 632,939632.9k $149.7m $149.7m 1.74% Reduced -28.7k -28,742
94 AGF MANAGEMENT LTD 0.87% of their portfolio TORONTO, A6 622,103622.1k $147.6m $147.6m 0.87% Reduced -2.8k -2,843
95 Baird Financial Group, Inc. 0.33% of their portfolio MILWAUKEE, WI 613,218613.2k $145.5m $145.5m 0.33% Added +47.7k +47,688
96 Mizuho Bank, Ltd. 16.81% of their portfolio TOKYO, M0 600,000600.0k $142.3m $142.3m 16.81% Unchanged
97 Elm Partners Management LLC 12.82% of their portfolio Philadelphia, PA 594,791594.8k $141.1m $141.1m 12.82% Added +32.5k +32,462
98 TWO SIGMA INVESTMENTS, LP 0.34% of their portfolio NEW YORK, NY 587,030587.0k $139.3m $139.3m 0.34% Added +505.4k +505,350
99 GLENMEDE TRUST CO NA 0.69% of their portfolio PHILADELPHIA, PA 559,876559.9k $132.8m $132.8m 0.69% Added +3.5k +3,543
100 Allen Investment Management, LLC 1.76% of their portfolio NEW YORK, NY 555,817555.8k $131.9m $131.9m 1.76% Reduced -23.1k -23,100