Vault-13

VANGUARD STAR FDS VXUS

VG TL INTL STK F · ETP · CUSIP 921909768

1,352 institutional holders +50 vs Q4 2024
346,692,214346.7m shares reported held*
$21.4bnreported value*
129 new 586 added 429 reduced 75 sold out net bought ≈ $1.5bn (+23.5m 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 ($45.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.60. Options: 3 managers hold calls ($8.0m notional), 2 hold puts ($8.0m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 831Q4 22: 921Q1 23: 948Q2 23: 973Q3 23: 985Q4 23: 1,112Q1 24: 1,138Q2 24: 1,158Q3 24: 1,188Q4 24: 1,302Q1 25: 1,3521,352Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022831
Q4 2022921
Q1 2023948
Q2 2023973
Q3 2023985
Q4 20231,112
Q1 20241,138
Q2 20241,158
Q3 20241,188
Q4 20241,302
Q1 20251,352

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 552 bought or addedQ2 23: 314 cut or sold outQ3 23: 526 bought or addedQ3 23: 340 cut or sold outQ3 23Q4 23: 570 bought or addedQ4 23: 367 cut or sold outQ1 24: 642 bought or addedQ1 24: 391 cut or sold outQ1 24Q2 24: 615 bought or addedQ2 24: 424 cut or sold outQ3 24: 612 bought or addedQ3 24: 435 cut or sold outQ3 24Q4 24: 678 bought or addedQ4 24: 399 cut or sold outQ1 25: 715 bought or addedQ1 25: 504 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023552314
Q3 2023526340
Q4 2023570367
Q1 2024642391
Q2 2024615424
Q3 2024612435
Q4 2024678399
Q1 2025715504

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ2 24 calls: $6.3mQ2 24 puts: $3.3mQ2 24P/C 0.53Q3 24 calls: $10.3mQ3 24 puts: $4.4mQ3 24P/C 0.42Q4 24 calls: $3.3mQ4 24 puts: $4.7mQ4 24P/C 1.43Q1 25 calls: $8.0mQ1 25 puts: $8.0mQ1 25P/C 1.00
Numbers
QuarterCallsPutsP/C
Q2 2024$6.3m$3.3m0.53
Q3 2024$10.3m$4.4m0.42
Q4 2024$3.3m$4.7m1.43
Q1 2025$8.0m$8.0m1.00

Biggest buyers

US BANCORP \DE\ Added +7,451,401+7.5m
Wealthspire Advisors, LLC Added +5,460,621+5.5m
VANGUARD GROUP INC Added +4,437,846+4.4m
JANE STREET GROUP, LLC Added +2,580,273+2.6m
OLD MISSION CAPITAL LLC New +2,201,364+2.2m
Angeles Investment Advisors, LLC Added +2,163,828+2.2m
McKinley Carter Wealth Services, Inc. New +1,797,532+1.8m
BANK OF AMERICA CORP /DE/ Added +1,428,000+1.4m
SEI INVESTMENTS CO New +1,271,389+1.3m
3EDGE Asset Management, LP Added +396,666+396.7k

Biggest sellers

FLOW TRADERS U.S. LLC Sold out -5,725,647-5.7m
Focus Partners Wealth Reduced -1,100,943-1.1m
Savant Capital, LLC Reduced -760,654-760.7k
Essential Planning, LLC. Reduced -755,041-755.0k
Bricktown Capital, LLC Reduced -674,485-674.5k
Envestnet Portfolio Solutions, Inc. Reduced -579,544-579.5k
Estate Counselors, LLC Reduced -520,317-520.3k
AMERIPRISE FINANCIAL INC Reduced -486,580-486.6k
GeoWealth Management, LLC Reduced -256,473-256.5k
UNIVEST FINANCIAL Corp Reduced -239,513-239.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.2m100.5k shares
CITADEL ADVISORS LLC Reduced $1.3m21.2k shares
WOLVERINE TRADING, LLC New $393.8k6.3k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.5m88.9k shares
CITADEL ADVISORS LLC Added $2.4m39.4k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.09% of their portfolio Valley Forge, PA 79,815,58379.8m $5.0bn $5.0bn 0.09% Added +4.4m +4,437,846
2 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 23,893,75023.9m $1.5bn $1.5bn 0.13% Added +1.4m +1,428,000
3 US BANCORP \DE\ 1.17% of their portfolio MINNEAPOLIS, MN 14,060,85814.1m $873.2m $873.2m 1.17% Added +7.5m +7,451,401
4 Rakuten Investment Management, Inc. 3.83% of their portfolio TOKYO, M0 13,400,60013.4m $837.7m $837.7m 3.83% First filing
5 ENVESTNET ASSET MANAGEMENT INC 0.25% of their portfolio Berwyn, PA 12,632,24112.6m $784.5m $784.5m 0.25% Added +190.5k +190,538
6 Wealthspire Advisors, LLC 3.81% of their portfolio NEW YORK, NY 10,255,78810.3m $636.9m $636.9m 3.81% Added +5.5m +5,460,621
7 MORGAN STANLEY 0.04% of their portfolio NEW YORK, NY 9,900,7949.9m $614.8m $614.8m 0.04% Added +112.7k +112,654
8 Cambridge Investment Research Advisors, Inc. 1.35% of their portfolio FAIRFIELD, IA 6,423,3926.4m $398.9m $398.9m 1.35% Added +66.7k +66,734
9 HB Wealth Management, LLC 3.06% of their portfolio Atlanta, GA 5,900,2525.9m $364.4m $364.4m 3.06% Added +271.9k +271,912
10 Cetera Investment Advisers 0.63% of their portfolio SCHAUMBURG, IL 5,203,2345.2m $323.1m $323.1m 0.63% Added +257.8k +257,792
11 Angeles Investment Advisors, LLC 13.66% of their portfolio SANTA MONICA, CA 4,086,1034.1m $253.7m $253.7m 13.66% Added +2.2m +2,163,828
12 UBS Group AG 0.05% of their portfolio ZURICH, V8 3,666,8113.7m $227.7m $227.7m 0.05% Added +31.8k +31,771
13 Sageworth Trust Co 13.20% of their portfolio LANCASTER, PA 3,419,4473.4m $212.3m $212.3m 13.20% Added +31.3k +31,278
14 AMERIPRISE FINANCIAL INC 0.05% of their portfolio MINNEAPOLIS, MN 3,199,4633.2m $198.7m $198.7m 0.05% Reduced -486.6k -486,580
15 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 3,181,2553.2m $197.6m $197.6m 0.04% Added +113.8k +113,809
16 SIGNATUREFD, LLC 3.73% of their portfolio ATLANTA, GA 3,172,4703.2m $197.0m $197.0m 3.73% Added +87.9k +87,872
17 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 3,115,2953.1m $193.5m $193.5m 0.08% Added +102.6k +102,577
18 Wellspring Financial Advisors, LLC 0.33% of their portfolio CLEVELAND, OH 2,933,3852.9m $2.9m $2.9m 0.33% Unchanged
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.34% of their portfolio PLYMOUTH, MN 2,869,0302.9m $178.2m $178.2m 0.34% Added +134.2k +134,213
20 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 2,668,3302.7m $165.7m $165.7m 0.06% Reduced -4.9k -4,892
21 Corient Private Wealth LP 0.26% of their portfolio MIAMI, FL 2,608,9042.6m $162.0m $162.0m 0.26% Reduced -94.9k -94,857
22 JANE STREET GROUP, LLC 0.29% of their portfolio NEW YORK, NY 2,584,6582.6m $160.5m $160.5m 0.29% Added +2.6m +2,580,273
23 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 2,546,4032.5m $158.1m $158.1m 0.04% Added +32.2k +32,215
24 JANUS HENDERSON GROUP PLC 0.08% of their portfolio LONDON, X0 2,330,0132.3m $145.6m $145.6m 0.08% Unchanged
25 OLD MISSION CAPITAL LLC 2.64% of their portfolio CHICAGO, IL 2,201,3642.2m $136.7m $136.7m 2.64% New
26 UNIVEST FINANCIAL Corp 7.96% of their portfolio SOUDERTON, PA 1,961,5082.0m $121.8m $121.8m 7.96% Reduced -239.5k -239,513
27 McKinley Carter Wealth Services, Inc. 6.87% of their portfolio WHEELING, WV 1,797,5321.8m $111.6m $111.6m 6.87% New
28 First American Financial Corp 41.30% of their portfolio SANTA ANA, CA 1,790,4051.8m $111.2m $111.2m 41.30% Reduced -69.0k -68,980
29 HighTower Advisors, LLC 0.15% of their portfolio CHICAGO, IL 1,785,6191.8m $110.9m $110.9m 0.15% Added +82.1k +82,147
30 Envestnet Portfolio Solutions, Inc. 0.40% of their portfolio BERWYN, PA 1,682,7461.7m $104.5m $104.5m 0.40% Reduced -579.5k -579,544
31 Cerity Partners LLC 0.21% of their portfolio NEW YORK, NY 1,665,3921.7m $103.4m $103.4m 0.21% Added +10.7k +10,722
32 OSAIC HOLDINGS, INC. 0.23% of their portfolio SCOTTSDALE, AZ 1,637,1261.6m $101.7m $101.7m 0.23% Added +114.3k +114,295
33 Vestmark Advisory Solutions, Inc. 2.47% of their portfolio Wakefield, MA 1,542,2331.5m $95.8m $95.8m 2.47% Reduced -85.0k -84,976
34 Zhang Financial LLC 4.83% of their portfolio PORTAGE, MI 1,470,4521.5m $91.3m $91.3m 4.83% Added +198.8k +198,843
35 Tidal Investments LLC 0.77% of their portfolio Milwaukee, WI 1,466,2661.5m $91.1m $91.1m 0.77% Added +145.1k +145,101
36 CAPTRUST FINANCIAL ADVISORS 0.22% of their portfolio RALEIGH, NC 1,425,7971.4m $88.5m $88.5m 0.22% Reduced -85.5k -85,526
37 3EDGE Asset Management, LP 5.97% of their portfolio Naples, FL 1,412,6171.4m $87.8m $87.8m 5.97% Added +396.7k +396,666
38 Global Endowment Management, LP 10.75% of their portfolio CHARLOTTE, NC 1,331,2901.3m $82.7m $82.7m 10.75% Reduced -172.4k -172,352
39 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,301,5961.3m $80.8m $80.8m 0.03% Reduced -87.5k -87,475
40 Charter Oak Capital Management, LLC 7.34% of their portfolio PORTSMOUTH, NH 1,288,4211.3m $80.0m $80.0m 7.34% Added +120.4k +120,375
41 SENTINEL TRUST CO LBA 9.41% of their portfolio HOUSTON, TX 1,285,1911.3m $79.8m $79.8m 9.41% Reduced -12.0k -12,007
42 SEI INVESTMENTS CO 0.10% of their portfolio OAKS, PA 1,271,3891.3m $79.0m $79.0m 0.10% New
43 Lindbrook Capital, LLC 7.12% of their portfolio CALABASAS, CA 1,244,0961.2m $77.3m $77.3m 7.12% Added +19.9k +19,899
44 Capstone Financial Advisors, Inc. 4.66% of their portfolio DOWNERS GROVE, IL 1,196,4931.2m $74.3m $74.3m 4.66% Added +4.4k +4,420
45 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,178,6051.2m $73.2m $73.2m 0.01% Added +42.6k +42,571
46 ANGELES WEALTH MANAGEMENT, LLC 6.07% of their portfolio SANTA MONICA, CA 1,177,3291.2m $73.1m $73.1m 6.07% Added +71.3k +71,329
47 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 1,158,5601.2m $71.9m $71.9m 0.01% Reduced -53.4k -53,440
48 Kestra Advisory Services, LLC 0.33% of their portfolio AUSTIN, TX 1,097,2581.1m $68.1m $68.1m 0.33% Reduced -75.2k -75,218
49 COUNTRY CLUB BANK 4.59% of their portfolio KANSAS CITY, MO 1,091,0921.1m $68.2m $68.2m 4.59% Added +46.7k +46,748
50 Verus Financial Partners, Inc. 7.59% of their portfolio RICHMOND, VA 1,090,0161.1m $66.5m $66.5m 7.59% Reduced -19.8k -19,764
51 BOK Financial Private Wealth, Inc. 4.95% of their portfolio DENVER, CO 1,061,0351.1m $65.9m $65.9m 4.95% Reduced -52.8k -52,770
52 St. Louis Trust Co 9.38% of their portfolio SAINT LOUIS, MO 1,042,5441.0m $64.7m $64.7m 9.38% Added +91.7k +91,681
53 Focus Partners Wealth 0.15% of their portfolio ST LOUIS, MO 967,191967.2k $60.1m $60.1m 0.15% Reduced -1.1m -1,100,943
54 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 945,885945.9k $58.7m $58.7m 0.06% Added +6.9k +6,874
55 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 937,055937.1k $58.2m $58.2m 0.08% Added +43.7k +43,733
56 Towneley Capital Management, Inc / DE 12.48% of their portfolio LAGUNA HILLS, CA 858,852858.9k $53.3m $53.3m 12.48% Added +37.8k +37,836
57 GREENWOOD GEARHART LLC 3.57% of their portfolio FAYETTEVILLE, AR 831,083831.1k $51.6m $51.6m 3.57% Added +126.4k +126,396
58 Mesirow Financial Investment Management, Inc. 0.97% of their portfolio CHICAGO, IL 804,337804.3k $49.9m $49.9m 0.97% Added +43.8k +43,812
59 Corrigan Financial, Inc. 9.71% of their portfolio MIDDLETOWN, RI 758,678758.7k $47.1m $47.1m 9.71% Added +120.6k +120,586
60 Roble, Belko & Company, Inc 7.46% of their portfolio SEWICKLEY, PA 752,852752.9k $46.8m $46.8m 7.46% Reduced -31.1k -31,148
61 Haverford Trust Co 0.47% of their portfolio Radnor, PA 750,877750.9k $46.6m $46.6m 0.47% Reduced -13.9k -13,870
62 D.A. DAVIDSON & CO. 0.37% of their portfolio GREAT FALLS, MT 749,775749.8k $46.6m $46.6m 0.37% Added +1.3k +1,347
63 Gleason Group, Inc. 8.24% of their portfolio PROSPECT, KY 734,574734.6k $45.6m $45.6m 8.24% Added +26.6k +26,555
64 Standpoint Asset Management, LLC 8.36% of their portfolio SCOTTSDALE, AZ 730,700730.7k $45.4m $45.4m 8.36% Added +26.2k +26,200
65 Bogart Wealth, LLC 2.14% of their portfolio MCLEAN, VA 729,493729.5k $45.3m $45.3m 2.14% Reduced -2.0k -2,016
66 MONETA GROUP INVESTMENT ADVISORS LLC 0.62% of their portfolio ST LOUIS, MO 721,392721.4k $44.8m $44.8m 0.62% Added +145.2k +145,166
67 SAM Advisors, LLC 16.77% of their portfolio OAKHURST, CA 720,600720.6k $44.7m $44.7m 16.77% Reduced -4.2k -4,198
68 Luminvest Wealth Management LLC 17.98% of their portfolio SCOTTSDALE, AZ 702,454702.5k $43.6m $43.6m 17.98% Reduced -4.4k -4,412
69 AMG National Trust Bank 1.21% of their portfolio GREENWOOD VILLAGE, CO 693,759693.8k $43.1m $43.1m 1.21% Reduced -16.3k -16,303
70 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 680,343680.3k $42.2m $42.2m 0.04% Added +5.9k +5,875
71 Efficient Advisors, LLC 2.74% of their portfolio BEAVERTON, OR 676,926676.9k $42.0m $42.0m 2.74% Reduced -15.6k -15,553
72 Provenance Wealth Advisors, LLC 5.89% of their portfolio FORT LAUDERDALE, FL 659,328659.3k $40.9m $40.9m 5.89% Added +2.5k +2,535
73 GeoWealth Management, LLC 1.63% of their portfolio CHICAGO, IL 654,143654.1k $40.6m $40.6m 1.63% Reduced -256.5k -256,473
74 COMERICA BANK 0.17% of their portfolio DALLAS, TX 644,268644.3k $40.0m $40.0m 0.17% Added +305 +305
75 OKABENA INVESTMENT SERVICES INC 9.96% of their portfolio MINNEAPOLIS, MN 637,377637.4k $39.6m $39.6m 9.96% Reduced -1.5k -1,480
76 PHILLIPS FINANCIAL MANAGEMENT, LLC 2.97% of their portfolio FORT WAYNE, IN 617,830617.8k $38.4m $38.4m 2.97% Reduced -6.2k -6,158
77 Topsail Wealth Management, LLC 7.80% of their portfolio CHARLOTTE, NC 617,611617.6k $38.4m $38.4m 7.80% Added +5.9k +5,897
78 Rockefeller Capital Management L.P. 0.09% of their portfolio NEW YORK, NY 606,875606.9k $37.7m $37.7m 0.09% Reduced -26.0k -25,965
79 25 LLC 15.53% of their portfolio ST. LOUIS, MO 604,348604.3k $37.5m $37.5m 15.53% Added +25.6k +25,559
80 BlackRock, Inc. 0.00% of their portfolio New York, NY 601,568601.6k $37.4m $37.4m 0.00% Reduced -44.0k -43,966
81 Caprock Group, LLC 1.13% of their portfolio BOISE, ID 594,712594.7k $36.9m $36.9m 1.13% Reduced -13.4k -13,402
82 Peak Financial Management, Inc. 11.01% of their portfolio WELLESLEY, MA 591,964592.0k $36.8m $36.8m 11.01% Added +5.4k +5,448
83 Sunflower Bank, N.A. 10.10% of their portfolio DALLAS, TX 580,205580.2k $36.0m $36.0m 10.10% Reduced -18.4k -18,388
84 White Lighthouse Investment Management Inc. 6.41% of their portfolio BEDFORD, MA 578,467578.5k $35.9m $35.9m 6.41% Added +13.8k +13,777
85 Equitable Holdings, Inc. 0.34% of their portfolio NEW YORK, NY 574,899574.9k $35.7m $35.7m 0.34% Added +72.2k +72,221
86 James J. Burns & Company, LLC 6.27% of their portfolio MELVILLE, NY 563,664563.7k $35.0m $35.0m 6.27% Added +9.0k +9,006
87 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 563,170563.2k $35.0m $35.0m 0.12% Added +1.7k +1,690
88 Dakota Wealth Management 0.80% of their portfolio PALM BEACH GARDENS, FL 550,520550.5k $34.2m $34.2m 0.80% Added +15.8k +15,844
89 N.E.W. Advisory Services LLC 2.51% of their portfolio DE PERE, WI 528,114528.1k $32.8m $32.8m 2.51% Added +57.5k +57,515
90 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.94% of their portfolio BOSTON, MA 527,342527.3k $32.7m $32.7m 0.94% Added +209.6k +209,635
91 Private Advisor Group, LLC 0.20% of their portfolio MORRISTOWN, NJ 521,061521.1k $32.4m $32.4m 0.20% Added +10.2k +10,181
92 Souders Financial Advisors 4.51% of their portfolio CINCINNATI, OH 519,970520.0k $32.3m $32.3m 4.51% Added +36.3k +36,253
93 Connecticut Wealth Management, LLC 1.66% of their portfolio FARMINGTON, CT 509,817509.8k $31.7m $31.7m 1.66% Reduced -28.7k -28,662
94 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 503,918503.9k $31.3m $31.3m 0.03% Added +3.5k +3,481
95 Schechter Investment Advisors, LLC 2.56% of their portfolio BIRMINGHAM, MI 501,490501.5k $31.1m $31.1m 2.56% Added +18.5k +18,542
96 Mill Creek Capital Advisors, LLC 0.75% of their portfolio Conshohocken, PA 497,248497.2k $30.9m $30.9m 0.75% Added +1 +1
97 BURRUS FINANCIAL SERVICES, INC. 15.55% of their portfolio SALT LAKE CITY, UT 492,379492.4k $30.6m $30.6m 15.55% Added +26.8k +26,779
98 CAHABA WEALTH MANAGEMENT, INC. 2.53% of their portfolio Atlanta, GA 492,273492.3k $30.6m $30.6m 2.53% Reduced -1.9k -1,893
99 Allen Investment Management, LLC 0.35% of their portfolio NEW YORK, NY 486,101486.1k $30.2m $30.2m 0.35% Unchanged
100 WBH ADVISORY INC 2.81% of their portfolio BALTIMORE, MD 485,279485.3k $30.1m $30.1m 2.81% Added +13.9k +13,882