Vault-13

VANGUARD STAR FDS VXUS

VG TL INTL STK F · ETP · CUSIP 921909768

1,407 institutional holders +55 vs Q1 2025
340,452,463340.5m shares reported held*
$23.3bnreported value*
152 new 633 added 396 reduced 88 sold out net bought ≈ $717.6m (+10.4m 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 ($57.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $68.55. Options: 3 managers hold calls ($7.2m notional), 2 hold puts ($11.5m).

Trends to Q2 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: 1,352Q2 25: 1,4071,407Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 20251,407

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 526 bought or addedQ3 23: 340 cut or sold outQ4 23: 570 bought or addedQ4 23: 367 cut or sold outQ4 23Q1 24: 642 bought or addedQ1 24: 391 cut or sold outQ2 24: 615 bought or addedQ2 24: 424 cut or sold outQ2 24Q3 24: 612 bought or addedQ3 24: 435 cut or sold outQ4 24: 678 bought or addedQ4 24: 399 cut or sold outQ4 24Q1 25: 715 bought or addedQ1 25: 504 cut or sold outQ2 25: 785 bought or addedQ2 25: 484 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023526340
Q4 2023570367
Q1 2024642391
Q2 2024615424
Q3 2024612435
Q4 2024678399
Q1 2025715504
Q2 2025785484

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 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 1.00Q2 25 calls: $7.2mQ2 25 puts: $11.5mQ2 25P/C 1.60
Numbers
QuarterCallsPutsP/C
Q3 2024$10.3m$4.4m0.42
Q4 2024$3.3m$4.7m1.43
Q1 2025$8.0m$8.0m1.00
Q2 2025$7.2m$11.5m1.60

Biggest buyers

Corient Private Wealth LP Added +9,710,027+9.7m
ROYAL BANK OF CANADA Added +4,899,595+4.9m
JPMORGAN CHASE & CO Added +4,372,561+4.4m
VANGUARD GROUP INC Added +1,838,193+1.8m
Vestmark Advisory Solutions, Inc. Added +1,706,343+1.7m
MORGAN STANLEY Added +1,456,746+1.5m
LINCOLN NATIONAL CORP New +1,430,993+1.4m
Cetera Investment Advisers Added +1,373,838+1.4m
AMERIPRISE FINANCIAL INC Added +821,782+821.8k
Savant Capital, LLC Added +786,676+786.7k

Biggest sellers

US BANCORP \DE\ Reduced -13,895,448-13.9m
BANK OF AMERICA CORP /DE/ Reduced -7,262,567-7.3m
JANE STREET GROUP, LLC Reduced -2,252,092-2.3m
OLD MISSION CAPITAL LLC Sold out -2,201,364-2.2m
BOK Financial Private Wealth, Inc. Reduced -689,150-689.1k
GOLDMAN SACHS GROUP INC Reduced -352,631-352.6k
FIDUCIENT ADVISORS LLC Reduced -279,453-279.5k
Kestra Advisory Services, LLC Reduced -269,870-269.9k
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Reduced -255,618-255.6k
Bricktown Capital, LLC Reduced -237,000-237.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.9m71.2k shares
CITADEL ADVISORS LLC Added $1.8m26.1k shares
JANE STREET GROUP, LLC New $462.9k6.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.9m128.4k shares
CITADEL ADVISORS LLC Reduced $2.6m37.9k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.09% of their portfolio Valley Forge, PA 81,653,77681.7m $5.6bn $5.6bn 0.09% Added +1.8m +1,838,193
2 BANK OF AMERICA CORP /DE/ 0.09% of their portfolio CHARLOTTE, NC 16,631,18316.6m $1.1bn $1.1bn 0.09% Reduced -7.3m -7,262,567
3 ENVESTNET ASSET MANAGEMENT INC 0.25% of their portfolio Berwyn, PA 12,554,38112.6m $867.4m $867.4m 0.25% Reduced -77.9k -77,860
4 Corient Private Wealth LP 1.13% of their portfolio MIAMI, FL 12,318,93112.3m $851.1m $851.1m 1.13% Added +9.7m +9,710,027
5 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 11,357,54011.4m $784.7m $784.7m 0.05% Added +1.5m +1,456,746
6 Wealthspire Advisors, LLC 4.05% of their portfolio NEW YORK, NY 10,438,63810.4m $721.2m $721.2m 4.05% Added +182.8k +182,850
7 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 8,080,8508.1m $558.3m $558.3m 0.05% Added +4.9m +4,899,595
8 Cetera Investment Advisers 0.77% of their portfolio SCHAUMBURG, IL 6,577,0726.6m $454.4m $454.4m 0.77% Added +1.4m +1,373,838
9 HB Wealth Management, LLC 3.55% of their portfolio Atlanta, GA 6,418,1586.4m $443.4m $443.4m 3.55% Added +517.9k +517,906
10 Cambridge Investment Research Advisors, Inc. 1.35% of their portfolio FAIRFIELD, IA 6,409,5376.4m $442.8m $442.8m 1.35% Reduced -13.9k -13,855
11 JPMORGAN CHASE & CO 0.03% of their portfolio NEW YORK, NY 5,551,1665.6m $383.5m $383.5m 0.03% Added +4.4m +4,372,561
12 Sageworth Trust Co 15.88% of their portfolio LANCASTER, PA 4,149,8164.1m $286.7m $286.7m 15.88% Added +730.4k +730,369
13 Angeles Investment Advisors, LLC 16.19% of their portfolio SANTA MONICA, CA 4,144,2234.1m $286.3m $286.3m 16.19% Added +58.1k +58,120
14 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 4,021,2454.0m $277.8m $277.8m 0.07% Added +821.8k +821,782
15 UBS Group AG 0.05% of their portfolio ZURICH, V8 3,719,3863.7m $257.0m $257.0m 0.05% Added +52.6k +52,575
16 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 3,407,8763.4m $235.5m $235.5m 0.08% Added +292.6k +292,581
17 Vestmark Advisory Solutions, Inc. 3.24% of their portfolio Wakefield, MA 3,248,5763.2m $224.4m $224.4m 3.24% Added +1.7m +1,706,343
18 SIGNATUREFD, LLC 3.79% of their portfolio ATLANTA, GA 3,212,0313.2m $221.9m $221.9m 3.79% Added +39.6k +39,561
19 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.35% of their portfolio PLYMOUTH, MN 3,073,6703.1m $213.6m $213.6m 0.35% Added +204.6k +204,640
20 Wellspring Financial Advisors, LLC 0.29% of their portfolio CLEVELAND, OH 2,933,3852.9m $2.9m $2.9m 0.29% Unchanged
21 RAYMOND JAMES FINANCIAL INC 0.06% of their portfolio ST. PETERSBURG, FL 2,716,7492.7m $187.7m $187.7m 0.06% Added +48.4k +48,419
22 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 2,613,8682.6m $180.6m $180.6m 0.04% Added +67.5k +67,465
23 JANUS HENDERSON GROUP PLC 0.08% of their portfolio LONDON, X0 2,330,0132.3m $161.0m $161.0m 0.08% Unchanged
24 UNIVEST FINANCIAL Corp 7.97% of their portfolio SOUDERTON, PA 1,922,9261.9m $132.9m $132.9m 7.97% Reduced -38.6k -38,582
25 HighTower Advisors, LLC 0.16% of their portfolio CHICAGO, IL 1,847,9941.8m $127.7m $127.7m 0.16% Added +62.4k +62,375
26 First American Financial Corp 42.13% of their portfolio SANTA ANA, CA 1,790,4051.8m $123.7m $123.7m 42.13% Unchanged
27 OSAIC HOLDINGS, INC. 0.22% of their portfolio SCOTTSDALE, AZ 1,749,6811.7m $120.9m $120.9m 0.22% Added +112.6k +112,555
28 McKinley Carter Wealth Services, Inc. 6.57% of their portfolio WHEELING, WV 1,710,9191.7m $118.2m $118.2m 6.57% Reduced -86.6k -86,613
29 Cerity Partners LLC 0.20% of their portfolio NEW YORK, NY 1,596,8241.6m $110.3m $110.3m 0.20% Reduced -68.6k -68,568
30 SEI INVESTMENTS CO 0.13% of their portfolio OAKS, PA 1,582,3341.6m $109.3m $109.3m 0.13% Added +310.9k +310,945
31 3EDGE Asset Management, LP 6.74% of their portfolio Naples, FL 1,569,6781.6m $108.4m $108.4m 6.74% Added +157.1k +157,061
32 Zhang Financial LLC 4.98% of their portfolio PORTAGE, MI 1,562,5931.6m $108.0m $108.0m 4.98% Added +92.1k +92,141
33 Envestnet Portfolio Solutions, Inc. 0.38% of their portfolio BERWYN, PA 1,503,0641.5m $103.8m $103.8m 0.38% Reduced -179.7k -179,682
34 Tidal Investments LLC 0.66% of their portfolio Milwaukee, WI 1,463,9931.5m $101.1m $101.1m 0.66% Reduced -2.3k -2,273
35 LINCOLN NATIONAL CORP 3.00% of their portfolio RADNOR, PA 1,430,9931.4m $98.9m $98.9m 3.00% New
36 Charter Oak Capital Management, LLC 8.13% of their portfolio PORTSMOUTH, NH 1,393,8771.4m $96.3m $96.3m 8.13% Added +105.5k +105,456
37 CAPTRUST FINANCIAL ADVISORS 0.21% of their portfolio RALEIGH, NC 1,369,2561.4m $94.6m $94.6m 0.21% Reduced -56.5k -56,541
38 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,291,9951.3m $89.3m $89.3m 0.03% Reduced -9.6k -9,601
39 Global Endowment Management, LP 11.52% of their portfolio CHARLOTTE, NC 1,252,4301.3m $86.5m $86.5m 11.52% Reduced -78.9k -78,860
40 ANGELES WEALTH MANAGEMENT, LLC 5.89% of their portfolio SANTA MONICA, CA 1,242,2881.2m $85.8m $85.8m 5.89% Added +65.0k +64,959
41 Focus Partners Wealth 0.18% of their portfolio ST LOUIS, MO 1,230,6031.2m $85.0m $85.0m 0.18% Added +263.4k +263,412
42 Rockefeller Capital Management L.P. 0.10% of their portfolio NEW YORK, NY 1,214,4121.2m $83.9m $83.9m 0.10% Added +607.5k +607,537
43 SENTINEL TRUST CO LBA 8.99% of their portfolio HOUSTON, TX 1,198,5781.2m $82.8m $82.8m 8.99% Reduced -86.6k -86,613
44 Capstone Financial Advisors, Inc. 4.59% of their portfolio DOWNERS GROVE, IL 1,146,1691.1m $79.2m $79.2m 4.59% Reduced -50.3k -50,324
45 St. Louis Trust Co 10.31% of their portfolio SAINT LOUIS, MO 1,120,5081.1m $77.4m $77.4m 10.31% Added +78.0k +77,964
46 Gleason Group, Inc. 8.38% of their portfolio PROSPECT, KY 1,118,9291.1m $77.3m $77.3m 8.38% Added +384.4k +384,355
47 COUNTRY CLUB BANK 4.77% of their portfolio KANSAS CITY, MO 1,101,3771.1m $75.9m $75.9m 4.77% Added +10.3k +10,285
48 Verus Financial Partners, Inc. 7.61% of their portfolio RICHMOND, VA 1,076,2251.1m $74.7m $74.7m 7.61% Reduced -13.8k -13,791
49 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 989,700989.7k $68.4m $68.4m 0.09% Added +52.6k +52,645
50 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 935,647935.6k $64.6m $64.6m 0.06% Reduced -10.2k -10,238
51 GREENWOOD GEARHART LLC 3.96% of their portfolio FAYETTEVILLE, AR 917,572917.6k $63.4m $63.4m 3.96% Added +86.5k +86,489
52 IEQ CAPITAL, LLC 0.36% of their portfolio Foster City, CA 848,764848.8k $58.6m $58.6m 0.36% Added +742.5k +742,504
53 Mesirow Financial Investment Management, Inc. 1.14% of their portfolio CHICAGO, IL 842,765842.8k $58.2m $58.2m 1.14% Added +38.4k +38,428
54 CW Advisors, LLC 0.56% of their portfolio BOSTON, MA 836,166836.2k $57.8m $57.8m 0.56% Added +766.5k +766,492
55 Kestra Advisory Services, LLC 0.28% of their portfolio AUSTIN, TX 827,388827.4k $57.2m $57.2m 0.28% Reduced -269.9k -269,870
56 Towneley Capital Management, Inc / DE 12.88% of their portfolio LAGUNA HILLS, CA 812,868812.9k $56.2m $56.2m 12.88% Reduced -46.0k -45,984
57 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 805,929805.9k $55.7m $55.7m 0.01% Reduced -352.6k -352,631
58 Savant Capital, LLC 0.40% of their portfolio ROCKFORD, IL 802,384802.4k $55.4m $55.4m 0.40% Added +786.7k +786,676
59 D.A. DAVIDSON & CO. 0.37% of their portfolio GREAT FALLS, MT 761,490761.5k $52.6m $52.6m 0.37% Added +11.7k +11,715
60 Haverford Trust Co 0.49% of their portfolio Radnor, PA 747,101747.1k $51.6m $51.6m 0.49% Reduced -3.8k -3,776
61 Luminvest Wealth Management LLC 18.40% of their portfolio SCOTTSDALE, AZ 743,366743.4k $51.3m $51.3m 18.40% Added +40.9k +40,912
62 Roble, Belko & Company, Inc 7.40% of their portfolio SEWICKLEY, PA 736,497736.5k $50.9m $50.9m 7.40% Reduced -16.4k -16,355
63 SAM Advisors, LLC 17.55% of their portfolio OAKHURST, CA 734,577734.6k $50.8m $50.8m 17.55% Added +14.0k +13,977
64 Bogart Wealth, LLC 2.15% of their portfolio MCLEAN, VA 728,335728.3k $50.3m $50.3m 2.15% Reduced -1.2k -1,158
65 MONETA GROUP INVESTMENT ADVISORS LLC 0.59% of their portfolio ST LOUIS, MO 716,214716.2k $49.5m $49.5m 0.59% Reduced -5.2k -5,178
66 AMG National Trust Bank 1.29% of their portfolio GREENWOOD VILLAGE, CO 712,922712.9k $49.3m $49.3m 1.29% Added +19.2k +19,163
67 Provenance Wealth Advisors, LLC 6.75% of their portfolio FORT LAUDERDALE, FL 679,646679.6k $47.0m $47.0m 6.75% Added +20.3k +20,318
68 Creative Planning 0.04% of their portfolio OVERLAND PARK, KS 675,414675.4k $46.7m $46.7m 0.04% Reduced -4.9k -4,929
69 PRUDENTIAL PLC 0.28% of their portfolio LONDON, X0 660,000660.0k $45.6m $45.6m 0.28% Added +330.0k +330,000
70 Tenon Financial LLC 19.09% of their portfolio METUCHEN, NJ 658,588658.6k $43.2m $43.2m 19.09% Added +333.2k +333,161
71 COMERICA BANK 0.17% of their portfolio DALLAS, TX 647,545647.5k $44.7m $44.7m 0.17% Added +3.3k +3,277
72 Equitable Holdings, Inc. 0.37% of their portfolio NEW YORK, NY 642,031642.0k $44.4m $44.4m 0.37% Added +67.1k +67,132
73 Efficient Advisors, LLC 2.64% of their portfolio BEAVERTON, OR 640,489640.5k $44.3m $44.3m 2.64% Reduced -36.4k -36,437
74 OKABENA INVESTMENT SERVICES INC 9.78% of their portfolio MINNEAPOLIS, MN 637,377637.4k $44.0m $44.0m 9.78% Unchanged
75 25 LLC 15.81% of their portfolio ST. LOUIS, MO 622,840622.8k $43.0m $43.0m 15.81% Added +18.5k +18,492
76 Standpoint Asset Management, LLC 8.69% of their portfolio SCOTTSDALE, AZ 615,000615.0k $42.5m $42.5m 8.69% Reduced -115.7k -115,700
77 Topsail Wealth Management, LLC 7.75% of their portfolio CHARLOTTE, NC 613,670613.7k $42.4m $42.4m 7.75% Reduced -3.9k -3,941
78 GeoWealth Management, LLC 1.64% of their portfolio CHICAGO, IL 609,765609.8k $42.1m $42.1m 1.64% Reduced -44.4k -44,378
79 PHILLIPS FINANCIAL MANAGEMENT, LLC 2.98% of their portfolio FORT WAYNE, IN 594,068594.1k $41.0m $41.0m 2.98% Reduced -23.8k -23,762
80 Peak Financial Management, Inc. 11.66% of their portfolio WELLESLEY, MA 593,236593.2k $41.0m $41.0m 11.66% Added +1.3k +1,272
81 Dakota Wealth Management 0.84% of their portfolio PALM BEACH GARDENS, FL 575,147575.1k $39.7m $39.7m 0.84% Added +24.6k +24,627
82 White Lighthouse Investment Management Inc. 6.34% of their portfolio BEDFORD, MA 564,240564.2k $39.0m $39.0m 6.34% Reduced -14.2k -14,227
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 560,574560.6k $38.7m $38.7m 0.03% Added +56.7k +56,656
84 James J. Burns & Company, LLC 6.22% of their portfolio MELVILLE, NY 552,247552.2k $38.2m $38.2m 6.22% Reduced -11.4k -11,417
85 Private Advisor Group, LLC 0.20% of their portfolio MORRISTOWN, NJ 550,237550.2k $38.0m $38.0m 0.20% Added +29.2k +29,176
86 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 547,558547.6k $37.8m $37.8m 0.11% Reduced -15.6k -15,612
87 Souders Financial Advisors 4.69% of their portfolio CINCINNATI, OH 532,757532.8k $36.8m $36.8m 4.69% Added +12.8k +12,787
88 BlackRock, Inc. 0.00% of their portfolio New York, NY 527,241527.2k $36.4m $36.4m 0.00% Reduced -74.3k -74,327
89 Mill Creek Capital Advisors, LLC 0.78% of their portfolio Conshohocken, PA 511,778511.8k $35.4m $35.4m 0.78% Added +14.5k +14,530
90 Greenline Partners, LLC 4.76% of their portfolio NEW YORK, NY 510,857510.9k $35.3m $35.3m 4.76% Added +72.6k +72,632
91 CAHABA WEALTH MANAGEMENT, INC. 2.70% of their portfolio Atlanta, GA 502,935502.9k $34.7m $34.7m 2.70% Added +10.7k +10,662
92 BURRUS FINANCIAL SERVICES, INC. 16.63% of their portfolio SALT LAKE CITY, UT 502,916502.9k $34.7m $34.7m 16.63% Added +10.5k +10,537
93 N.E.W. Advisory Services LLC 3.30% of their portfolio DE PERE, WI 491,534491.5k $34.0m $34.0m 3.30% Reduced -36.6k -36,580
94 Allen Investment Management, LLC 0.37% of their portfolio NEW YORK, NY 486,689486.7k $33.6m $33.6m 0.37% Added +588 +588
95 Estate Counselors, LLC 3.26% of their portfolio Thiensville, WI 480,690480.7k $33.2m $33.2m 3.26% Added +474.7k +474,715
96 Mariner, LLC 0.05% of their portfolio Overland Park, KS 479,586479.6k $33.1m $33.1m 0.05% Added +15.1k +15,144
97 Avantax Planning Partners, Inc. 1.05% of their portfolio DUBUQUE, IA 479,200479.2k $33.1m $33.1m 1.05% Added +55.5k +55,517
98 WBH ADVISORY INC 2.77% of their portfolio BALTIMORE, MD 469,701469.7k $32.5m $32.5m 2.77% Reduced -15.6k -15,578
99 Pathstone Holdings, LLC 0.13% of their portfolio ENGLEWOOD, NJ 468,646468.6k $32.4m $32.4m 0.13% Added +53.4k +53,392
100 Connecticut Wealth Management, LLC 1.53% of their portfolio FARMINGTON, CT 465,038465.0k $32.1m $32.1m 1.53% Reduced -44.8k -44,779