Vault-13

VANGUARD SPECIALIZED FUNDS VIG

DIV APP ETF · ETP · CUSIP 921908844

2,590 institutional holders +58 vs Q1 2026
218,440,573218.4m shares reported held*
$51.4bnreported value*
135 new 1,045 added 946 reduced 69 sold out net bought ≈ $877.1m (+4.8m 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 ($201.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $235.47. Options: 3 managers hold calls ($107.3m notional), 3 hold puts ($13.7m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,649Q4 22: 1,796Q1 23: 1,785Q2 23: 1,800Q3 23: 1,830Q4 23: 2,026Q1 24: 2,041Q2 24: 2,062Q3 24: 2,108Q4 24: 2,323Q1 25: 2,293Q2 25: 2,302Q3 25: 2,339Q4 25: 2,530Q1 26: 2,532Q2 26: 2,5902,590Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20221,649
Q4 20221,796
Q1 20231,785
Q2 20231,800
Q3 20231,830
Q4 20232,026
Q1 20242,041
Q2 20242,062
Q3 20242,108
Q4 20242,323
Q1 20252,293
Q2 20252,302
Q3 20252,339
Q4 20252,530
Q1 20262,532
Q2 20262,590

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 24: 961 bought or addedQ3 24: 832 cut or sold outQ4 24: 1,003 bought or addedQ4 24: 816 cut or sold outQ4 24Q1 25: 1,026 bought or addedQ1 25: 974 cut or sold outQ2 25: 922 bought or addedQ2 25: 893 cut or sold outQ2 25Q3 25: 1,035 bought or addedQ3 25: 912 cut or sold outQ4 25: 1,135 bought or addedQ4 25: 897 cut or sold outQ4 25Q1 26: 1,091 bought or addedQ1 26: 1,037 cut or sold outQ2 26: 1,180 bought or addedQ2 26: 1,015 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024961832
Q4 20241,003816
Q1 20251,026974
Q2 2025922893
Q3 20251,035912
Q4 20251,135897
Q1 20261,0911,037
Q2 20261,1801,015

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ3 25 calls: $104.5mQ3 25 puts: $22.5mQ3 25P/C 0.22Q4 25 calls: $89.9mQ4 25 puts: $10.5mQ4 25P/C 0.12Q1 26 calls: $84.3mQ1 26 puts: $11.3mQ1 26P/C 0.13Q2 26 calls: $107.3mQ2 26 puts: $13.7mQ2 26P/C 0.13
Numbers
QuarterCallsPutsP/C
Q3 2025$104.5m$22.5m0.22
Q4 2025$89.9m$10.5m0.12
Q1 2026$84.3m$11.3m0.13
Q2 2026$107.3m$13.7m0.13

Biggest buyers

Cambridge Investment Research Advisors, Inc. Added +891,028+891.0k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +715,474+715.5k
RAYMOND JAMES FINANCIAL INC Added +643,269+643.3k
Wealthfront Advisers LLC Added +474,673+474.7k
SPIRIT OF AMERICA MANAGEMENT CORP/NY Added +376,112+376.1k
OSAIC HOLDINGS, INC. Added +283,673+283.7k
JONES FINANCIAL COMPANIES LLLP Added +263,183+263.2k
MAI Capital Management Added +262,203+262.2k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +198,974+199.0k
MORGAN STANLEY Added +194,285+194.3k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -734,474-734.5k
Independent Advisor Alliance Reduced -377,911-377.9k
BANK OF AMERICA CORP /DE/ Reduced -319,053-319.1k
Horizon Investments, LLC Reduced -213,912-213.9k
EVOKE WEALTH, LLC Sold out -182,902-182.9k
PRUDENTIAL FINANCIAL INC Reduced -173,913-173.9k
AMERIPRISE FINANCIAL INC Reduced -145,785-145.8k
Mariner, LLC Reduced -121,672-121.7k
Stokes Family Office, LLC Reduced -105,630-105.6k
UBS Group AG Reduced -85,492-85.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $77.9m329.4k shares
CITADEL ADVISORS LLC Added $16.3m68.8k shares
JANE STREET GROUP, LLC Reduced $13.1m55.3k shares

Biggest puts

CITADEL ADVISORS LLC Added $9.5m40.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.0m16.9k shares
JANE STREET GROUP, LLC Reduced $236.6k1.0k 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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.33% of their portfolio CHARLOTTE, NC 21,358,82621.4m $5.1bn $5.1bn 0.33% Reduced -319.1k -319,053
2 MORGAN STANLEY 0.17% of their portfolio NEW YORK, NY 13,212,73313.2m $3.1bn $3.1bn 0.17% Added +194.3k +194,285
3 Vanguard Global Advisers, LLC 1.18% of their portfolio MALVERN, PA 10,667,53410.7m $2.5bn $2.5bn 1.18% Added +39.7k +39,692
4 WELLS FARGO & COMPANY/MN 0.41% of their portfolio SAN FRANCISCO, CA 10,056,28210.1m $2.4bn $2.4bn 0.41% Reduced -734.5k -734,474
5 Wealthfront Advisers LLC 4.31% of their portfolio Palo Alto, CA 9,471,8199.5m $2.2bn $2.2bn 4.31% Added +474.7k +474,673
6 LPL Financial LLC 0.38% of their portfolio FORT MILL, SC 7,131,7467.1m $1.7bn $1.7bn 0.38% Added +129.3k +129,271
7 RAYMOND JAMES FINANCIAL INC 0.41% of their portfolio ST. PETERSBURG, FL 6,364,2156.4m $1.5bn $1.5bn 0.41% Added +643.3k +643,269
8 UBS Group AG 0.23% of their portfolio ZURICH, V8 6,245,3126.2m $1.5bn $1.5bn 0.23% Reduced -85.5k -85,492
9 HB Wealth Management, LLC 7.70% of their portfolio Atlanta, GA 5,857,8155.9m $1.4bn $1.4bn 7.70% Added +94.2k +94,213
10 ROYAL BANK OF CANADA 0.17% of their portfolio TORONTO, A6 4,179,5454.2m $989.0m $989.0m 0.17% Added +38.0k +37,985
11 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 3,194,8243.2m $753.8m $753.8m 0.04% Reduced -799 -799
12 ENVESTNET ASSET MANAGEMENT INC 0.14% of their portfolio Berwyn, PA 2,577,2662.6m $609.8m $609.8m 0.14% Added +80.4k +80,365
13 HighTower Advisors, LLC 0.54% of their portfolio CHICAGO, IL 2,356,5862.4m $557.6m $557.6m 0.54% Added +5.4k +5,430
14 JONES FINANCIAL COMPANIES LLLP 0.22% of their portfolio DES PERES, MO 2,318,9302.3m $544.0m $544.0m 0.22% Added +263.2k +263,183
15 PRUDENTIAL FINANCIAL INC 0.60% of their portfolio NEWARK, NJ 2,313,7122.3m $547.5m $547.5m 0.60% Reduced -173.9k -173,913
16 COMMONWEALTH EQUITY SERVICES, LLC 0.69% of their portfolio WALTHAM, MA 2,302,5442.3m $544.8m $544.8m 0.69% Reduced -71.5k -71,526
17 AMERIPRISE FINANCIAL INC 0.11% of their portfolio MINNEAPOLIS, MN 2,300,5892.3m $544.4m $544.4m 0.11% Reduced -145.8k -145,785
18 SIGNATUREFD, LLC 7.22% of their portfolio ATLANTA, GA 2,283,2972.3m $540.3m $540.3m 7.22% Added +80.0k +80,040
19 OSAIC HOLDINGS, INC. 0.62% of their portfolio SCOTTSDALE, AZ 2,237,9852.2m $529.8m $529.8m 0.62% Added +283.7k +283,673
20 Cambridge Investment Research Advisors, Inc. 0.47% of their portfolio FAIRFIELD, IA 1,745,9441.7m $413.1m $413.1m 0.47% Added +891.0k +891,028
21 Modera Wealth Management, LLC 4.19% of their portfolio WESTWOOD, NJ 1,659,6001.7m $392.7m $392.7m 4.19% Added +46.8k +46,847
22 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.19% of their portfolio MILWAUKEE, WI 1,519,9221.5m $359.6m $359.6m 0.19% Reduced -67.7k -67,670
23 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio Toronto, A6 1,506,4931.5m $192.7m $192.7m 0.15% Added +715.5k +715,474
24 Corient Private Wealth LP 0.48% of their portfolio MIAMI, FL 1,471,3051.5m $348.1m $348.1m 0.48% Reduced -73.1k -73,105
25 Joel Isaacson & Co., LLC 9.39% of their portfolio NEW YORK, NY 1,371,5891.4m $324.5m $324.5m 9.39% Added +22.5k +22,538
26 Waverly Advisors, LLC 1.88% of their portfolio BIRMINGHAM, AL 1,371,3211.4m $324.5m $324.5m 1.88% Added +117.1k +117,099
27 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.54% of their portfolio PLYMOUTH, MN 1,346,0921.3m $319.9m $319.9m 0.54% Added +199.0k +198,974
28 Cetera Investment Advisers 0.28% of their portfolio SCHAUMBURG, IL 1,285,0971.3m $304.1m $304.1m 0.28% Added +111.8k +111,759
29 Mariner, LLC 0.31% of their portfolio Overland Park, KS 1,241,7341.2m $293.8m $293.8m 0.31% Reduced -121.7k -121,672
30 MAI Capital Management 1.12% of their portfolio INDEPENDENCE, OH 1,238,2231.2m $293.0m $293.0m 1.12% Added +262.2k +262,203
31 CAPTRUST FINANCIAL ADVISORS 0.45% of their portfolio RALEIGH, NC 1,237,6281.2m $292.8m $292.8m 0.45% Added +5.8k +5,770
32 Howard Capital Management, LLC 3.39% of their portfolio Alpharetta, GA 1,201,9571.2m $284.4m $284.4m 3.39% Reduced -25 -25
33 Creative Planning 0.17% of their portfolio OVERLAND PARK, KS 1,196,1261.2m $283.0m $283.0m 0.17% Reduced -8.8k -8,796
34 STIFEL FINANCIAL CORP 0.21% of their portfolio ST. LOUIS, MO 1,046,3001.0m $247.6m $247.6m 0.21% Added +11.0k +11,016
35 DAVENPORT & Co LLC 1.20% of their portfolio RICHMOND, VA 992,810992.8k $234.9m $234.9m 1.20% Added +139.0k +139,012
36 Confluence Wealth Services, Inc. 6.70% of their portfolio MCMURRAY, PA 989,945989.9k $234.2m $234.2m 6.70% Added +173.0k +172,999
37 Cerity Partners LLC 0.28% of their portfolio NEW YORK, NY 988,361988.4k $233.9m $233.9m 0.28% Added +54.7k +54,742
38 BROWN ADVISORY INC 0.36% of their portfolio BALTIMORE, MD 983,479983.5k $232.7m $232.7m 0.36% Reduced -2.9k -2,851
39 ASPIRIANT, LLC 5.58% of their portfolio San Francisco, CA 955,047955.0k $226.0m $226.0m 5.58% Reduced -102 -102
40 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 948,167948.2k $224.4m $224.4m 0.04% Reduced -17.6k -17,603
41 Rockefeller Capital Management L.P. 0.31% of their portfolio NEW YORK, NY 840,863840.9k $199.0m $199.0m 0.31% Added +16.4k +16,377
42 TRUIST FINANCIAL CORP 0.23% of their portfolio CHARLOTTE, NC 809,037809.0k $191.4m $191.4m 0.23% Reduced -22.2k -22,187
43 Cresset Asset Management, LLC 0.67% of their portfolio Chicago, IL 780,274780.3k $184.6m $184.6m 0.67% Added +14.5k +14,490
44 Robertson Stephens Wealth Management, LLC 4.48% of their portfolio San Francisco, CA 768,127768.1k $181.8m $181.8m 4.48% Added +50.8k +50,783
45 Nicholas Hoffman & Company, LLC. 3.75% of their portfolio ATLANTA, GA 751,455751.5k $177.8m $177.8m 3.75% Added +804 +804
46 Diversified Enterprises, LLC 8.24% of their portfolio Wilmington, DE 719,567719.6k $170.3m $170.3m 8.24% Added +29.3k +29,261
47 BLAIR WILLIAM & CO/IL 0.44% of their portfolio CHICAGO, IL 718,567718.6k $170.0m $170.0m 0.44% Added +30.8k +30,796
48 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 703,627703.6k $166.5m $166.5m 0.02% Added +5.4k +5,378
49 Kestra Advisory Services, LLC 0.54% of their portfolio AUSTIN, TX 701,711701.7k $166.0m $166.0m 0.54% Added +117.4k +117,442
50 Focus Partners Wealth 0.17% of their portfolio ST LOUIS, MO 700,902700.9k $165.8m $165.8m 0.17% Added +12.2k +12,200
51 BANK OF MONTREAL /CAN/ 0.06% of their portfolio TORONTO, A6 682,120682.1k $161.4m $161.4m 0.06% Reduced -4.7k -4,678
52 Baird Financial Group, Inc. 0.21% of their portfolio MILWAUKEE, WI 636,627636.6k $150.6m $150.6m 0.21% Added +13.0k +13,028
53 &PARTNERS 0.59% of their portfolio NASHVILLE, TN 607,172607.2k $143.6m $143.6m 0.59% Added +36.4k +36,391
54 Private Advisor Group, LLC 0.65% of their portfolio MORRISTOWN, NJ 597,388597.4k $141.4m $141.4m 0.65% Added +3.7k +3,723
55 MERCER GLOBAL ADVISORS INC /ADV 0.17% of their portfolio DENVER, CO 591,708591.7k $140.0m $140.0m 0.17% Added +6.3k +6,275
56 MML INVESTORS SERVICES, LLC 0.28% of their portfolio SPRINGFIELD, MA 581,667581.7k $137.6m $137.6m 0.28% Added +88.4k +88,417
57 Janney Montgomery Scott LLC 0.27% of their portfolio PHILADELPHIA, PA 580,039580.0k $137.2m $137.2m 0.27% Reduced -5.8k -5,763
58 FIFTH THIRD BANCORP 0.22% of their portfolio CINCINNATI, OH 566,771566.8k $134.1m $134.1m 0.22% Reduced -17.6k -17,587
59 TRUST POINT INC. 11.18% of their portfolio LA CROSSE, WI 556,557556.6k $131.7m $131.7m 11.18% Reduced -8.7k -8,702
60 GLENMEDE TRUST CO NA 0.57% of their portfolio PHILADELPHIA, PA 546,238546.2k $129.3m $129.3m 0.57% Reduced -18.2k -18,208
61 FMR LLC 0.01% of their portfolio BOSTON, MA 527,214527.2k $124.7m $124.7m 0.01% Added +27.4k +27,401
62 Sanctuary Advisors, LLC 0.55% of their portfolio INDIANAPOLIS, IN 502,877502.9k $119.0m $119.0m 0.55% Added +12.8k +12,805
63 Beacon Pointe Advisors, LLC 0.55% of their portfolio NEWPORT BEACH, CA 501,401501.4k $118.6m $118.6m 0.55% Added +122.5k +122,543
64 Steward Partners Investment Advisory, LLC 0.60% of their portfolio STAMFORD, CT 496,181496.2k $117.4m $117.4m 0.60% Added +3.4k +3,432
65 TD PRIVATE CLIENT WEALTH LLC 1.94% of their portfolio NEW YORK, NY 445,642445.6k $105.4m $105.4m 1.94% Reduced -22.0k -21,988
66 360 Financial, Inc. 25.43% of their portfolio WAYZATA, MN 423,147423.1k $100.1m $100.1m 25.43% Added +26.5k +26,468
67 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 423,010423.0k $100.1m $100.1m 0.05% Added +15.5k +15,473
68 Haverford Trust Co 0.81% of their portfolio Radnor, PA 396,730396.7k $93.9m $93.9m 0.81% Reduced -6.1k -6,098
69 SPIRIT OF AMERICA MANAGEMENT CORP/NY 0.00% of their portfolio SYOSSET, NY 378,100378.1k $1.6k $1.6k 0.00% Added +376.1k +376,112
70 PARK AVENUE SECURITIES LLC 0.56% of their portfolio NEW YORK, NY 378,079378.1k $89.5m $89.5m 0.56% Added +32.0k +32,045
71 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 371,880371.9k $88.0m $88.0m 0.02% Added +11.9k +11,926
72 Sequoia Financial Advisors, LLC 0.44% of their portfolio Akron, OH 371,405371.4k $87.9m $87.9m 0.44% Added +9.9k +9,930
73 IEQ CAPITAL, LLC 0.40% of their portfolio Foster City, CA 368,338368.3k $87.2m $87.2m 0.40% Reduced -6.1k -6,131
74 Brookstone Capital Management 0.86% of their portfolio WHEATON, IL 362,292362.3k $85.7m $85.7m 0.86% Added +22.5k +22,463
75 Systematic Alpha Investments, LLC 2.24% of their portfolio PRINCETON, NJ 353,000353.0k $83.5m $83.5m 2.24% Unchanged
76 RWA WEALTH PARTNERS, LLC 0.77% of their portfolio BOSTON, MA 339,068339.1k $80.2m $80.2m 0.77% Added +25.3k +25,339
77 Hubbell Strickland Wealth Management, LLC 28.94% of their portfolio NEW ORLEANS, LA 338,905338.9k $80.2m $80.2m 28.94% Reduced -3.6k -3,612
78 Baltimore-Washington Financial Advisors, Inc. 2.98% of their portfolio Columbia, MD 336,751336.8k $79.7m $79.7m 2.98% Added +10.4k +10,374
79 NewEdge Advisors, LLC 0.23% of their portfolio NEW ORLEANS, LA 330,832330.8k $78.3m $78.3m 0.23% Added +11.1k +11,102
80 Performance Wealth Partners, LLC 1.90% of their portfolio HINSDALE, IL 323,157323.2k $76.5m $76.5m 1.90% Added +5.8k +5,768
81 US BANCORP \DE\ 0.08% of their portfolio MINNEAPOLIS, MN 321,033321.0k $76.0m $76.0m 0.08% Added +1.1k +1,132
82 WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio Boston, MA 303,630303.6k $71.8m $71.8m 0.01% Reduced -19.9k -19,911
83 Equitable Holdings, Inc. 0.43% of their portfolio NEW YORK, NY 301,234301.2k $71.3m $71.3m 0.43% Reduced -11.9k -11,888
84 Vise Technologies, Inc. 0.81% of their portfolio NEW YORK, NY 300,872300.9k $71.2m $71.2m 0.81% Added +131.3k +131,259
85 Paragon Capital Management Ltd 13.23% of their portfolio DENVER, CO 295,185295.2k $69.8m $69.8m 13.23% Reduced -7.0k -7,016
86 PDS Planning, Inc 4.02% of their portfolio DUBLIN, OH 293,378293.4k $69.4m $69.4m 4.02% Added +10.2k +10,168
87 Advisor OS, LLC 4.46% of their portfolio CHICAGO, IL 282,286282.3k $66.8m $66.8m 4.46% Added +5.9k +5,947
88 Berkshire Money Management, Inc. 6.03% of their portfolio DALTON, MA 278,890278.9k $66.0m $66.0m 6.03% Reduced -721 -721
89 True Link Financial Advisors, LLC 3.79% of their portfolio SAN FRANCISCO, CA 277,358277.4k $65.6m $65.6m 3.79% Added +3.9k +3,927
90 MJP ASSOCIATES INC /ADV 7.08% of their portfolio FARMINGTON, CT 273,439273.4k $64.7m $64.7m 7.08% Added +5.1k +5,067
91 Evensky & Katz LLC 3.20% of their portfolio CORAL GABLES, FL 261,759261.8k $61.9m $61.9m 3.20% Added +433 +433
92 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 257,239257.2k $60.9m $60.9m 0.02% Added +40.4k +40,370
93 Wealth Architects, LLC 4.80% of their portfolio MOUNTAIN VIEW, CA 256,927256.9k $60.8m $60.8m 4.80% Added +5.7k +5,673
94 Provenance Wealth Advisors, LLC 5.73% of their portfolio FORT LAUDERDALE, FL 254,170254.2k $60.1m $60.1m 5.73% Reduced -1.3k -1,280
95 Stokes Family Office, LLC 6.86% of their portfolio NEW ORLEANS, LA 248,453248.5k $58.8m $58.8m 6.86% Reduced -105.6k -105,630
96 Quantinno Capital Management LP 0.07% of their portfolio NEW YORK, NY 248,110248.1k $58.7m $58.7m 0.07% Added +61.0k +60,962
97 D.A. DAVIDSON & CO. 0.32% of their portfolio GREAT FALLS, MT 243,915243.9k $57.7m $57.7m 0.32% Reduced -1.1k -1,124
98 GLOBALT Investments LLC / GA 1.91% of their portfolio Atlanta, GA 239,042239.0k $56.6m $56.6m 1.91% Reduced -4.2k -4,204
99 Noble Family Wealth, LLC 9.99% of their portfolio Clearwater, FL 235,981236.0k $55.8m $55.8m 9.99% Added +11.5k +11,455
100 Concurrent Investment Advisors, LLC 0.48% of their portfolio Tampa, FL 235,116235.1k $55.6m $55.6m 0.48% Added +44.6k +44,559