Vault-13

VANGUARD STAR FDS VXUS

VG TL INTL STK F · ETP · CUSIP 921909768

1,839 institutional holders +112 vs Q1 2026
445,193,563445.2m shares reported held*
$37.8bnreported value*
181 new 878 added 469 reduced 62 sold out net bought ≈ $1.6bn (+19.0m 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 ($168.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $84.82. Options: 5 managers hold calls ($44.2m notional), 6 hold puts ($34.4m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 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: 1,407Q3 25: 1,467Q4 25: 1,651Q1 26: 1,727Q2 26: 1,8391,839Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 20251,467
Q4 20251,651
Q1 20261,727
Q2 20261,839

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 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 25Q3 25: 833 bought or addedQ3 25: 452 cut or sold outQ4 25: 931 bought or addedQ4 25: 427 cut or sold outQ4 25Q1 26: 1,034 bought or addedQ1 26: 513 cut or sold outQ2 26: 1,059 bought or addedQ2 26: 531 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024612435
Q4 2024678399
Q1 2025715504
Q2 2025785484
Q3 2025833452
Q4 2025931427
Q1 20261,034513
Q2 20261,059531

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 25 calls: $7.6mQ3 25 puts: $9.4mQ3 25P/C 1.23Q4 25 calls: $10.1mQ4 25 puts: $10.1mQ4 25P/C 0.99Q1 26 calls: $43.3mQ1 26 puts: $37.7mQ1 26P/C 0.87Q2 26 calls: $44.2mQ2 26 puts: $34.4mQ2 26P/C 0.78
Numbers
QuarterCallsPutsP/C
Q3 2025$7.6m$9.4m1.23
Q4 2025$10.1m$10.1m0.99
Q1 2026$43.3m$37.7m0.87
Q2 2026$44.2m$34.4m0.78

Biggest buyers

JANE STREET GROUP, LLC Added +8,199,994+8.2m
Cambridge Investment Research Advisors, Inc. Added +6,388,850+6.4m
SG Americas Securities, LLC New +4,000,000+4.0m
VANGUARD ADVISERS INC Added +2,099,106+2.1m
MERCER GLOBAL ADVISORS INC /ADV Added +1,710,490+1.7m
MORGAN STANLEY Added +1,616,966+1.6m
UBS Group AG Added +1,347,963+1.3m
HighTower Advisors, LLC Added +814,215+814.2k
Woodbridge Co Ltd New +668,000+668.0k
LPL Financial LLC Added +609,545+609.5k

Biggest sellers

Rakuten Investment Management, Inc. Reduced -12,096,600-12.1m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -6,073,777-6.1m
BANK OF AMERICA CORP /DE/ Reduced -1,940,339-1.9m
FLOW TRADERS U.S. LLC Sold out -810,053-810.1k
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Sold out -291,594-291.6k
Estate Counselors, LLC Reduced -225,068-225.1k
Global Endowment Management, LP Reduced -222,295-222.3k
BIP Wealth, LLC Reduced -187,739-187.7k
First American Financial Corp Reduced -187,246-187.2k
Aperture Investors, LLC Reduced -168,530-168.5k

Biggest calls

Twin Tree Management, LP New $15.8m185.1k shares
CITADEL ADVISORS LLC Added $11.1m129.5k shares
Point72 Asset Management, L.P. Added $7.3m85.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.8m68.2k shares
JANE STREET GROUP, LLC New $4.2m49.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $17.2m201.0k shares
JANE STREET GROUP, LLC New $5.9m69.4k shares
Point72 Asset Management, L.P. Added $5.8m68.3k shares
CITADEL ADVISORS LLC Reduced $3.7m43.5k shares
Twin Tree Management, LP New $1.8m20.7k shares
Cetera Investment Advisers Unchanged $50200 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 VANGUARD ADVISERS INC 26.07% of their portfolio Malvern, PA 89,614,58589.6m $7.7bn $7.7bn 26.07% Added +2.1m +2,099,106
2 BANK OF AMERICA CORP /DE/ 0.13% of their portfolio CHARLOTTE, NC 24,262,28124.3m $2.1bn $2.1bn 0.13% Reduced -1.9m -1,940,339
3 Rakuten Investment Management, Inc. 4.42% of their portfolio TOKYO, M0 18,045,20018.0m $1.5bn $1.5bn 4.42% Reduced -12.1m -12,096,600
4 MORGAN STANLEY 0.07% of their portfolio NEW YORK, NY 15,670,13115.7m $1.3bn $1.3bn 0.07% Added +1.6m +1,616,966
5 Narodna banka Slovenska 36.47% of their portfolio BRATISLAVA, 2B 14,913,13114.9m $1.3bn $1.3bn 36.47% Unchanged
6 Cambridge Investment Research Advisors, Inc. 1.22% of their portfolio FAIRFIELD, IA 12,569,36812.6m $1.1bn $1.1bn 1.22% Added +6.4m +6,388,850
7 ENVESTNET ASSET MANAGEMENT INC 0.25% of their portfolio Berwyn, PA 12,227,36212.2m $1.0bn $1.0bn 0.25% Added +75.8k +75,786
8 HB Wealth Management, LLC 3.97% of their portfolio Atlanta, GA 8,363,8468.4m $707.5m $707.5m 3.97% Added +300.7k +300,748
9 JANE STREET GROUP, LLC 0.45% of their portfolio NEW YORK, NY 8,318,9538.3m $711.2m $711.2m 0.45% Added +8.2m +8,199,994
10 Cetera Investment Advisers 0.53% of their portfolio SCHAUMBURG, IL 6,789,2176.8m $580.4m $580.4m 0.53% Added +179.5k +179,480
11 UBS Group AG 0.09% of their portfolio ZURICH, V8 6,583,3316.6m $562.8m $562.8m 0.09% Added +1.3m +1,347,963
12 Wealthspire Advisors, LLC 3.03% of their portfolio NEW YORK, NY 6,446,6516.4m $551.1m $551.1m 3.03% Added +111.7k +111,689
13 LPL Financial LLC 0.11% of their portfolio FORT MILL, SC 5,816,0525.8m $497.2m $497.2m 0.11% Added +609.5k +609,545
14 Aptus Capital Advisors, LLC 3.59% of their portfolio FAIRHOPE, AL 5,741,2095.7m $490.8m $490.8m 3.59% Added +159.7k +159,701
15 AMERIPRISE FINANCIAL INC 0.09% of their portfolio MINNEAPOLIS, MN 5,470,6095.5m $467.7m $467.7m 0.09% Added +537.9k +537,903
16 SIGNATUREFD, LLC 6.03% of their portfolio ATLANTA, GA 5,278,2435.3m $451.2m $451.2m 6.03% Added +75.5k +75,484
17 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 4,824,8004.8m $412.5m $412.5m 0.07% Added +138.7k +138,731
18 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 4,816,4654.8m $411.8m $411.8m 0.07% Added +160.9k +160,855
19 HighTower Advisors, LLC 0.37% of their portfolio CHICAGO, IL 4,485,2894.5m $383.4m $383.4m 0.37% Added +814.2k +814,215
20 SG Americas Securities, LLC 0.20% of their portfolio NEW YORK, NY 4,000,0004.0m $342.0m $342.0m 0.20% New
21 RAYMOND JAMES FINANCIAL INC 0.09% of their portfolio ST. PETERSBURG, FL 3,989,4774.0m $341.1m $341.1m 0.09% Added +356.1k +356,122
22 Sageworth Trust Co 12.87% of their portfolio LANCASTER, PA 3,822,3743.8m $326.8m $326.8m 12.87% Reduced -130.0k -130,025
23 Jupiter Topco LLC 0.10% of their portfolio NEW YORK, NY 2,961,4403.0m $253.2m $253.2m 0.10% First filing
24 Wellspring Financial Advisors, LLC 0.19% of their portfolio CLEVELAND, OH 2,933,3852.9m $2.9m $2.9m 0.19% Unchanged
25 Angeles Investment Advisors, LLC 14.33% of their portfolio SANTA MONICA, CA 2,790,1972.8m $238.5m $238.5m 14.33% Reduced -153.7k -153,682
26 OSAIC HOLDINGS, INC. 0.25% of their portfolio SCOTTSDALE, AZ 2,512,1812.5m $214.8m $214.8m 0.25% Added +203.4k +203,446
27 Vanguard National Trust Co 11.19% of their portfolio MALVERN, PA 2,401,5222.4m $205.3m $205.3m 11.19% Added +22.3k +22,294
28 Cerity Partners LLC 0.22% of their portfolio NEW YORK, NY 2,257,2422.3m $180.7m $180.7m 0.22% Added +396.0k +395,955
29 Zhang Financial LLC 5.61% of their portfolio PORTAGE, MI 2,246,3222.2m $192.0m $192.0m 5.61% Added +163.7k +163,740
30 MERCER GLOBAL ADVISORS INC /ADV 0.23% of their portfolio DENVER, CO 2,210,2192.2m $189.0m $189.0m 0.23% Added +1.7m +1,710,490
31 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.30% of their portfolio PLYMOUTH, MN 2,164,8962.2m $181.7m $181.7m 0.30% Added +138.2k +138,207
32 Tidal Investments LLC 0.45% of their portfolio Milwaukee, WI 2,152,8072.2m $184.0m $184.0m 0.45% Added +51.8k +51,832
33 UNIVEST FINANCIAL Corp 9.03% of their portfolio SOUDERTON, PA 2,151,9952.2m $184.0m $184.0m 9.03% Added +22.8k +22,765
34 Corient Private Wealth LP 0.24% of their portfolio MIAMI, FL 1,990,2942.0m $170.2m $170.2m 0.24% Reduced -155.3k -155,262
35 SEI INVESTMENTS CO 0.15% of their portfolio OAKS, PA 1,952,5332.0m $166.9m $166.9m 0.15% Added +61.6k +61,649
36 First American Financial Corp 42.00% of their portfolio SANTA ANA, CA 1,918,1641.9m $164.0m $164.0m 42.00% Reduced -187.2k -187,246
37 CAPTRUST FINANCIAL ADVISORS 0.24% of their portfolio RALEIGH, NC 1,815,8251.8m $155.2m $155.2m 0.24% Added +48.0k +48,043
38 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,766,3851.8m $150.0m $150.0m 0.01% Added +77.2k +77,249
39 Vestmark Advisory Solutions, Inc. 1.40% of their portfolio Wakefield, MA 1,739,7161.7m $148.7m $148.7m 1.40% Reduced -4.0k -4,007
40 ANGELES WEALTH MANAGEMENT, LLC 6.73% of their portfolio SANTA MONICA, CA 1,720,7781.7m $147.1m $147.1m 6.73% Added +77.5k +77,535
41 Focus Partners Wealth 0.15% of their portfolio ST LOUIS, MO 1,700,3911.7m $145.4m $145.4m 0.15% Added +77.4k +77,436
42 Rockefeller Capital Management L.P. 0.20% of their portfolio NEW YORK, NY 1,531,3511.5m $130.9m $130.9m 0.20% Added +23.9k +23,889
43 GREENWOOD GEARHART LLC 5.87% of their portfolio FAYETTEVILLE, AR 1,474,4381.5m $126.0m $126.0m 5.87% Added +44.4k +44,363
44 LINCOLN NATIONAL CORP 3.15% of their portfolio RADNOR, PA 1,439,4351.4m $123.1m $123.1m 3.15% Reduced -9.6k -9,624
45 Allen Investment Management, LLC 1.42% of their portfolio NEW YORK, NY 1,395,1321.4m $119.3m $119.3m 1.42% Added +192.1k +192,076
46 SENTINEL TRUST CO LBA 10.37% of their portfolio HOUSTON, TX 1,370,3611.4m $117.2m $117.2m 10.37% Reduced -41.9k -41,852
47 Gleason Group, Inc. 10.09% of their portfolio PROSPECT, KY 1,352,0801.4m $115.6m $115.6m 10.09% Added +24.6k +24,606
48 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 1,341,7851.3m $103.5m $103.5m 0.03% Added +27.4k +27,418
49 Global Endowment Management, LP 10.55% of their portfolio CHARLOTTE, NC 1,217,3441.2m $104.1m $104.1m 10.55% Reduced -222.3k -222,295
50 St. Louis Trust Co 9.45% of their portfolio SAINT LOUIS, MO 1,208,8871.2m $91.6m $91.6m 9.45% Added +8.2k +8,183
51 Envestnet Portfolio Solutions, Inc. 0.49% of their portfolio BERWYN, PA 1,193,2411.2m $102.0m $102.0m 0.49% Added +25.8k +25,823
52 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,160,0761.2m $99.2m $99.2m 0.05% Added +160.0k +160,035
53 Capstone Financial Advisors, Inc. 4.81% of their portfolio DOWNERS GROVE, IL 1,153,6211.2m $98.6m $98.6m 4.81% Added +3.8k +3,772
54 Obermeyer Wealth Partners 4.00% of their portfolio ASPEN, CO 1,144,5371.1m $97.8m $97.8m 4.00% Added +381.9k +381,894
55 Roble, Belko & Company, Inc 10.19% of their portfolio SEWICKLEY, PA 1,102,3611.1m $94.2m $94.2m 10.19% Added +58.0k +57,975
56 Savant Capital, LLC 0.26% of their portfolio ROCKFORD, IL 1,099,6581.1m $89.2m $89.2m 0.26% Added +504.0k +503,963
57 Mesirow Financial Investment Management, Inc. 1.48% of their portfolio CHICAGO, IL 1,099,3371.1m $94.0m $94.0m 1.48% Added +126.7k +126,698
58 FIRST NATIONAL BANK OF OMAHA 2.60% of their portfolio OMAHA, NE 1,084,6651.1m $92.1m $92.1m 2.60% Reduced -14.7k -14,710
59 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 1,052,8771.1m $90.0m $90.0m 0.07% Reduced -25.5k -25,473
60 Dakota Wealth Management 1.71% of their portfolio PALM BEACH GARDENS, FL 1,043,8551.0m $89.2m $89.2m 1.71% Added +18.8k +18,849
61 COMMONWEALTH EQUITY SERVICES, LLC 0.11% of their portfolio WALTHAM, MA 1,033,6131.0m $88.4m $88.4m 0.11% Added +42.2k +42,180
62 Mariner, LLC 0.09% of their portfolio Overland Park, KS 1,026,4571.0m $87.7m $87.7m 0.09% Added +280.7k +280,684
63 Verus Financial Partners, Inc. 7.50% of their portfolio RICHMOND, VA 1,025,5671.0m $87.7m $87.7m 7.50% Added +15.0k +14,958
64 AMG National Trust Bank 1.77% of their portfolio GREENWOOD VILLAGE, CO 1,004,5491.0m $85.9m $85.9m 1.77% Added +64.6k +64,595
65 Pathstone Holdings, LLC 0.25% of their portfolio ENGLEWOOD, NJ 998,798998.8k $85.4m $85.4m 0.25% Added +555.8k +555,776
66 Luminvest Wealth Management LLC 19.68% of their portfolio SCOTTSDALE, AZ 995,284995.3k $84.7m $84.7m 19.68% Added +68.8k +68,820
67 Provenance Wealth Advisors, LLC 8.11% of their portfolio FORT LAUDERDALE, FL 995,159995.2k $85.1m $85.1m 8.11% Reduced -5.7k -5,653
68 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 993,943993.9k $85.0m $85.0m 0.05% Added +46.6k +46,624
69 MML INVESTORS SERVICES, LLC 0.17% of their portfolio SPRINGFIELD, MA 952,246952.2k $81.4m $81.4m 0.17% Added +266.5k +266,516
70 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 918,060918.1k $77.6m $77.6m 0.03% Added +272.1k +272,084
71 IEQ CAPITAL, LLC 0.36% of their portfolio Foster City, CA 917,505917.5k $78.4m $78.4m 0.36% Reduced -49.1k -49,116
72 Caprock Group, LLC 1.46% of their portfolio BOISE, ID 893,166893.2k $76.4m $76.4m 1.46% Added +960 +960
73 FMR LLC 0.00% of their portfolio BOSTON, MA 883,797883.8k $75.6m $75.6m 0.00% Added +144.3k +144,324
74 MONETA GROUP INVESTMENT ADVISORS LLC 0.53% of their portfolio ST LOUIS, MO 840,553840.6k $71.9m $71.9m 0.53% Added +64.9k +64,885
75 Towneley Capital Management, Inc / DE 13.56% of their portfolio LAGUNA HILLS, CA 808,202808.2k $69.1m $69.1m 13.56% Reduced -12.4k -12,370
76 3EDGE Asset Management, LP 3.03% of their portfolio Naples, FL 795,189795.2k $68.0m $68.0m 3.03% Added +20.7k +20,710
77 Equitable Holdings, Inc. 0.40% of their portfolio NEW YORK, NY 788,540788.5k $67.4m $67.4m 0.40% Added +50.1k +50,098
78 Greenline Partners, LLC 6.80% of their portfolio NEW YORK, NY 781,904781.9k $66.8m $66.8m 6.80% Added +32.2k +32,173
79 Private Advisor Group, LLC 0.30% of their portfolio MORRISTOWN, NJ 760,554760.6k $65.0m $65.0m 0.30% Reduced -73.8k -73,821
80 D.A. DAVIDSON & CO. 0.36% of their portfolio GREAT FALLS, MT 760,173760.2k $65.0m $65.0m 0.36% Reduced -17.6k -17,624
81 Beacon Pointe Advisors, LLC 0.30% of their portfolio NEWPORT BEACH, CA 742,585742.6k $63.5m $63.5m 0.30% Added +12.8k +12,768
82 Haverford Trust Co 0.55% of their portfolio Radnor, PA 742,447742.4k $63.5m $63.5m 0.55% Added +7.1k +7,053
83 SAM Advisors, LLC 17.18% of their portfolio OAKHURST, CA 736,191736.2k $62.9m $62.9m 17.18% Added +11.8k +11,760
84 25 LLC 17.06% of their portfolio ST. LOUIS, MO 728,825728.8k $62.3m $62.3m 17.06% Added +16.3k +16,283
85 Bogart Wealth, LLC 2.13% of their portfolio MCLEAN, VA 726,955727.0k $62.1m $62.1m 2.13% Added +4.7k +4,736
86 Wealthfront Advisers LLC 0.12% of their portfolio Palo Alto, CA 725,063725.1k $62.0m $62.0m 0.12% Added +116.6k +116,570
87 Topsail Wealth Management, LLC 7.70% of their portfolio CHARLOTTE, NC 705,274705.3k $60.3m $60.3m 7.70% Added +16.8k +16,834
88 Kestra Advisory Services, LLC 0.18% of their portfolio AUSTIN, TX 668,059668.1k $57.1m $57.1m 0.18% Added +8.4k +8,446
89 Woodbridge Co Ltd 0.23% of their portfolio Toronto, A6 668,000668.0k $57.1m $57.1m 0.23% New
90 PRUDENTIAL PLC 0.37% of their portfolio LONDON, X0 655,635655.6k $56.1m $56.1m 0.37% Added +232.6k +232,635
91 White Lighthouse Investment Management Inc. 6.83% of their portfolio BEDFORD, MA 641,058641.1k $54.8m $54.8m 6.83% Reduced -2.6k -2,601
92 FIFTH THIRD BANCORP 0.09% of their portfolio CINCINNATI, OH 639,368639.4k $54.7m $54.7m 0.09% Reduced -25.7k -25,705
93 Joel Isaacson & Co., LLC 1.57% of their portfolio NEW YORK, NY 633,831633.8k $54.2m $54.2m 1.57% Added +51.0k +50,962
94 Tenon Financial LLC 17.15% of their portfolio METUCHEN, NJ 623,658623.7k $53.3m $53.3m 17.15% Added +57.6k +57,568
95 IMA Advisory Services, Inc. 3.33% of their portfolio DENVER, CO 622,737622.7k $53.2m $53.2m 3.33% Added +306.6k +306,632
96 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 617,531617.5k $52.8m $52.8m 0.01% Added +57.2k +57,214
97 National Philanthropic Trust 0.76% of their portfolio Jenkintown, PA 611,628611.6k $52.3m $52.3m 0.76% Added +354.3k +354,288
98 Peak Financial Management, Inc. 11.78% of their portfolio WELLESLEY, MA 600,302600.3k $51.3m $51.3m 11.78% Added +7.0k +7,050
99 James J. Burns & Company, LLC 5.36% of their portfolio MELVILLE, NY 578,892578.9k $49.5m $49.5m 5.36% Added +2.5k +2,472
100 GeoWealth Management, LLC 1.53% of their portfolio CHICAGO, IL 570,737570.7k $48.8m $48.8m 1.53% Reduced -9.7k -9,736