Vault-13

VANGUARD WORLD FD MGV

MEGA CAP VAL ETF · ETP · CUSIP 921910840

544 institutional holders +36 vs Q3 2025
54,494,37954.5m shares reported held*
$7.7bnreported value*
42 new 198 added 156 reduced 29 sold out net sold ≈ $17.6m (+193.7k 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $141.14. Options: 1 managers hold calls ($240.0k notional), 1 hold puts ($465.8k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 305Q4 22: 339Q1 23: 335Q2 23: 330Q3 23: 330Q4 23: 368Q1 24: 380Q2 24: 387Q3 24: 422Q4 24: 453Q1 25: 472Q2 25: 497Q3 25: 508Q4 25: 544544Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022305
Q4 2022339
Q1 2023335
Q2 2023330
Q3 2023330
Q4 2023368
Q1 2024380
Q2 2024387
Q3 2024422
Q4 2024453
Q1 2025472
Q2 2025497
Q3 2025508
Q4 2025544

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 176 bought or addedQ1 24: 142 cut or sold outQ2 24: 162 bought or addedQ2 24: 137 cut or sold outQ2 24Q3 24: 214 bought or addedQ3 24: 131 cut or sold outQ4 24: 208 bought or addedQ4 24: 146 cut or sold outQ4 24Q1 25: 228 bought or addedQ1 25: 174 cut or sold outQ2 25: 222 bought or addedQ2 25: 149 cut or sold outQ2 25Q3 25: 244 bought or addedQ3 25: 165 cut or sold outQ4 25: 240 bought or addedQ4 25: 185 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024176142
Q2 2024162137
Q3 2024214131
Q4 2024208146
Q1 2025228174
Q2 2025222149
Q3 2025244165
Q4 2025240185

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ1 25 calls: $4.8mQ1 25 puts: $322.1kQ1 25P/C 0.07Q2 25 calls: $275.5kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $1.8mQ3 25 puts: $303.0kQ3 25P/C 0.17Q4 25 calls: $240.0kQ4 25 puts: $465.8kQ4 25P/C 1.94
Numbers
QuarterCallsPutsP/C
Q1 2025$4.8m$322.1k0.07
Q2 2025$275.5k$00.00
Q3 2025$1.8m$303.0k0.17
Q4 2025$240.0k$465.8k1.94

Biggest buyers

Merit Financial Group, LLC Added +429,853+429.9k
Strategic Investment Advisors / MI Added +331,859+331.9k
ASSETMARK, INC Added +312,445+312.4k
SteelPeak Wealth, LLC Added +302,536+302.5k
BANK OF AMERICA CORP /DE/ Added +202,615+202.6k
AMERIPRISE FINANCIAL INC Added +180,383+180.4k
Arax Advisory Partners New +123,875+123.9k
Annex Advisory Services, LLC New +92,465+92.5k
Ameritas Advisory Services, LLC Added +86,437+86.4k
Prosperity Consulting Group, LLC Added +72,035+72.0k

Biggest sellers

OSAIC HOLDINGS, INC. Reduced -882,510-882.5k
JPMORGAN CHASE & CO Reduced -510,525-510.5k
WELLINGTON MANAGEMENT GROUP LLP Sold out -334,920-334.9k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -148,186-148.2k
RAYMOND JAMES FINANCIAL INC Reduced -119,157-119.2k
Sanctuary Advisors, LLC Reduced -114,008-114.0k
VANTAGEPOINT INVESTMENT ADVISERS LLC Reduced -78,177-78.2k
MML INVESTORS SERVICES, LLC Reduced -59,839-59.8k
ARCADIA INVESTMENT ADVISORS LLC Reduced -55,714-55.7k
Wealthspire Advisors, LLC Reduced -54,892-54.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $240.0k1.7k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $465.8k3.3k 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ASSETMARK, INC 4.44% of their portfolio CONCORD, CA 15,430,68615.4m $2.2bn $2.2bn 4.44% Added +312.4k +312,445
2 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 4,521,6074.5m $638.3m $638.3m 0.05% Added +202.6k +202,615
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 2,979,9453.0m $420.6m $420.6m 0.03% Reduced -22.3k -22,331
4 AMERIPRISE FINANCIAL INC 0.07% of their portfolio MINNEAPOLIS, MN 2,222,4892.2m $313.6m $313.6m 0.07% Added +180.4k +180,383
5 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,799,4021.8m $254.0m $254.0m 0.05% Added +45.4k +45,410
6 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 1,303,5581.3m $184.0m $184.0m 0.05% Reduced -3.4k -3,373
7 Merit Financial Group, LLC 1.43% of their portfolio ALPHARETTA, GA 1,261,7681.3m $178.1m $178.1m 1.43% Added +429.9k +429,853
8 PNC Financial Services Group, Inc. 0.09% of their portfolio Pittsburgh, PA 1,223,6621.2m $172.7m $172.7m 0.09% Added +3.3k +3,314
9 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 1,073,2081.1m $151.5m $151.5m 0.04% Reduced -12.0k -11,983
10 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,004,7011.0m $141.8m $141.8m 0.03% Added +38.9k +38,850
11 HighTower Advisors, LLC 0.13% of their portfolio CHICAGO, IL 837,780837.8k $118.3m $118.3m 0.13% Reduced -18.5k -18,505
12 Black Diamond Financial, LLC 11.56% of their portfolio TOWSON, MD 776,946776.9k $109.7m $109.7m 11.56% Added +16.9k +16,883
13 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.86% of their portfolio WASHINGTON, DC 760,620760.6k $107.4m $107.4m 0.86% Reduced -78.2k -78,177
14 RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio ST. PETERSBURG, FL 718,970719.0k $101.5m $101.5m 0.03% Reduced -119.2k -119,157
15 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 670,737670.7k $94.7m $94.7m 0.02% Added +20.1k +20,097
16 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 597,489597.5k $84.3m $84.3m 0.01% Reduced -510.5k -510,525
17 Sequoia Financial Advisors, LLC 0.45% of their portfolio Akron, OH 565,790565.8k $79.9m $79.9m 0.45% Reduced -19.8k -19,831
18 Rockefeller Capital Management L.P. 0.12% of their portfolio NEW YORK, NY 473,772473.8k $66.9m $66.9m 0.12% Added +949 +949
19 Cambridge Investment Research Advisors, Inc. 0.15% of their portfolio FAIRFIELD, IA 397,998398.0k $56.2m $56.2m 0.15% Added +504 +504
20 Prosperity Consulting Group, LLC 2.35% of their portfolio OWINGS MILLS, MD 369,475369.5k $52.2m $52.2m 2.35% Added +72.0k +72,035
21 PETREDIS INVESTMENT ADVISORS LLC 4.03% of their portfolio WARRENDALE, PA 363,674363.7k $51.3m $51.3m 4.03% Reduced -2.1k -2,058
22 Baird Financial Group, Inc. 0.08% of their portfolio MILWAUKEE, WI 359,262359.3k $50.7m $50.7m 0.08% Added +21.2k +21,208
23 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 352,122352.1k $49.7m $49.7m 0.04% Added +24.3k +24,277
24 Praetorian Wealth Management, Inc. 9.79% of their portfolio CARMEL, CA 349,302349.3k $49.3m $49.3m 9.79% Added +13.1k +13,086
25 Kestra Advisory Services, LLC 0.20% of their portfolio AUSTIN, TX 341,825341.8k $48.3m $48.3m 0.20% Added +10.5k +10,476
26 COMMONWEALTH EQUITY SERVICES, LLC 0.06% of their portfolio WALTHAM, MA 341,414341.4k $48.2m $48.2m 0.06% Reduced -5.7k -5,747
27 Strategic Investment Advisors / MI 4.05% of their portfolio FARMINGTON HILLS, MI 331,869331.9k $46.9m $46.9m 4.05% Added +331.9k +331,859
28 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 318,620318.6k $45.0m $45.0m 0.05% Added +31.1k +31,110
29 SteelPeak Wealth, LLC 1.41% of their portfolio WOODLAND HILLS, CA 304,412304.4k $43.0m $43.0m 1.41% Added +302.5k +302,536
30 Pure Financial Advisors, LLC 0.62% of their portfolio SAN DIEGO, CA 296,940296.9k $41.9m $41.9m 0.62% Added +3.8k +3,779
31 Apriem Advisors 3.28% of their portfolio IRVINE, CA 253,265253.3k $35.8m $35.8m 3.28% Added +5.2k +5,181
32 BHK Investment Advisors, LLC 10.71% of their portfolio BIRMINGHAM, AL 230,953231.0k $32.6m $32.6m 10.71% Added +28.7k +28,722
33 Smartleaf Asset Management LLC 1.19% of their portfolio BOSTON, MA 220,512220.5k $31.3m $31.3m 1.19% Added +8.6k +8,576
34 Bernardo Wealth Planning LLC 5.93% of their portfolio HARLEYSVILLE, PA 220,480220.5k $31.1m $31.1m 5.93% Reduced -499 -499
35 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 215,566215.6k $30.5m $30.5m 0.04% Reduced -882.5k -882,510
36 Integrated Capital Management, LLC 12.21% of their portfolio BLOOMFIELD, MI 201,098201.1k $28.4m $28.4m 12.21% Added +5.8k +5,849
37 Capital Advantage, Inc. 3.76% of their portfolio Walnut Creek, CA 197,266197.3k $27.8m $27.8m 3.76% Reduced -936 -936
38 BTG Pactual Asset Management US LLC 2.83% of their portfolio NEW YORK, NY 194,054194.1k $25.5m $25.5m 2.83% Reduced -9.3k -9,292
39 Avior Wealth Management, LLC 0.84% of their portfolio OMAHA, NE 191,673191.7k $27.1m $27.1m 0.84% Added +29.4k +29,374
40 Zeit Capital LLC 18.11% of their portfolio GREENWOOD VILLAGE, CO 190,085190.1k $26.8m $26.8m 18.11% Reduced -462 -462
41 Braeburn Wealth Management LLC 13.21% of their portfolio MUSKEGON, MI 183,259183.3k $25.9m $25.9m 13.21% First filing
42 Blue Edge Capital, LLC 3.32% of their portfolio RICHMOND, VA 175,865175.9k $24.8m $24.8m 3.32% Added +11.1k +11,101
43 ETF Portfolio Partners, Inc. 6.37% of their portfolio LEAWOOD, KS 174,812174.8k $24.7m $24.7m 6.37% Added +4.1k +4,108
44 LEAVELL INVESTMENT MANAGEMENT, INC. 0.99% of their portfolio MOBILE, AL 168,967169.0k $23.9m $23.9m 0.99% Reduced -302 -302
45 Graney & King, LLC 13.92% of their portfolio LATHAM, NY 168,572168.6k $23.8m $23.8m 13.92% Added +8.7k +8,701
46 AllGen Financial Advisors, Inc. 5.46% of their portfolio ORLANDO, FL 163,240163.2k $23.0m $23.0m 5.46% Added +6.1k +6,072
47 TITLEIST ASSET MANAGEMENT, LLC 1.85% of their portfolio SAN ANTONIO, TX 161,905161.9k $22.9m $22.9m 1.85% Added +8.6k +8,564
48 Savant Capital, LLC 0.13% of their portfolio ROCKFORD, IL 158,356158.4k $22.4m $22.4m 0.13% Reduced -1.0k -1,016
49 Marmo Financial Group, LLC 10.07% of their portfolio Johnson City, TN 150,749150.7k $21.3m $21.3m 10.07% Added +646 +646
50 Wealthcare Advisory Partners LLC 0.41% of their portfolio WEST CHESTER, PA 147,312147.3k $20.8m $20.8m 0.41% Reduced -6.1k -6,146
51 Breakwater Capital Group 2.88% of their portfolio PARAMUS, NJ 146,115146.1k $20.6m $20.6m 2.88% Added +15.0k +14,981
52 Sheridan Capital Management, LLC 10.36% of their portfolio San Rafael, CA 144,775144.8k $20.4m $20.4m 10.36% Added +6.0k +6,035
53 MEANS INVESTMENT CO., INC. 1.66% of their portfolio BANGOR, ME 139,783139.8k $19.7m $19.7m 1.66% Reduced -4.6k -4,610
54 Bison Wealth, LLC 2.25% of their portfolio ATLANTA, GA 138,750138.8k $20.0m $20.0m 2.25% Reduced -16.8k -16,803
55 HARBOUR INVESTMENTS, INC. 0.40% of their portfolio MADISON, WI 138,288138.3k $19.5m $19.5m 0.40% Reduced -7.9k -7,899
56 Cresset Asset Management, LLC 0.08% of their portfolio Chicago, IL 125,266125.3k $17.7m $17.7m 0.08% Added +21 +21
57 Arax Advisory Partners 0.51% of their portfolio NEW YORK, NY 123,875123.9k $17.5m $17.5m 0.51% New
58 KICKSTAND VENTURES, LLC. 3.58% of their portfolio PITTSFORD, NY 120,495120.5k $17.0m $17.0m 3.58% Added +3.0k +2,987
59 SOL Capital Management CO 1.51% of their portfolio ROCKVILLE, MD 118,720118.7k $16.8m $16.8m 1.51% Reduced -1.7k -1,718
60 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.30% of their portfolio Seattle, WA 118,512118.5k $16.7m $16.7m 0.30% Added +5.3k +5,342
61 D.A. DAVIDSON & CO. 0.10% of their portfolio GREAT FALLS, MT 115,807115.8k $16.3m $16.3m 0.10% Added +5.7k +5,663
62 Retirement Management Systems Inc. 4.15% of their portfolio STEVENSVILLE, MD 114,829114.8k $16.2m $16.2m 4.15% First filing
63 Waverly Advisors, LLC 0.13% of their portfolio BIRMINGHAM, AL 111,899111.9k $15.8m $15.8m 0.13% Reduced -461 -461
64 US BANCORP \DE\ 0.02% of their portfolio MINNEAPOLIS, MN 110,554110.6k $15.6m $15.6m 0.02% Added +5.0k +5,034
65 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 110,398110.4k $15.6m $15.6m 0.04% Reduced -59.8k -59,839
66 Select Asset Management & Trust 4.62% of their portfolio MECHANICSBURG, PA 105,281105.3k $14.9m $14.9m 4.62% Added +1.4k +1,372
67 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 102,118102.1k $14.4m $14.4m 0.01% Added +805 +805
68 Crumly & Associates Inc. 2.97% of their portfolio SPRINGFIELD, IL 100,169100.2k $14.1m $14.1m 2.97% Reduced -10.6k -10,643
69 Pachira Investments Inc. 6.88% of their portfolio DANA POINT, CA 100,075100.1k $14.1m $14.1m 6.88% Added +26.0k +26,011
70 HB Wealth Management, LLC 0.09% of their portfolio Atlanta, GA 97,67497.7k $13.8m $13.8m 0.09% Reduced -43 -43
71 Avid Wealth Partners LLC 6.60% of their portfolio SAN ANTONIO, TX 95,73095.7k $13.5m $13.5m 6.60% Added +2.9k +2,926
72 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 95,44995.4k $13.5m $13.5m 0.06% Reduced -18.5k -18,540
73 Annex Advisory Services, LLC 0.25% of their portfolio BROOKFIELD, WI 92,46592.5k $13.1m $13.1m 0.25% New
74 Ameritas Advisory Services, LLC 0.47% of their portfolio Lincoln, NE 89,36189.4k $12.6m $12.6m 0.47% Added +86.4k +86,437
75 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 86,42186.4k $12.2m $12.2m 0.07% Reduced -114.0k -114,008
76 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 86,23486.2k $12.2m $12.2m 0.01% Reduced -4.9k -4,943
77 STEPHENS INC /AR/ 0.15% of their portfolio LITTLE ROCK, AR 84,57884.6k $11.9m $11.9m 0.15% Reduced -3.4k -3,418
78 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 83,51483.5k $12.1m $12.1m 0.02% Added +6.8k +6,807
79 ARQ WEALTH ADVISORS, LLC 3.17% of their portfolio SCOTTSDALE, AZ 83,24683.2k $11.8m $11.8m 3.17% Added +1.2k +1,180
80 James J. Burns & Company, LLC 1.59% of their portfolio MELVILLE, NY 81,77781.8k $11.5m $11.5m 1.59% Reduced -201 -201
81 ALLSTREET CAPITAL ADVISORS LLC 8.29% of their portfolio LOS ANGELES, CA 81,20381.2k $11.5m $11.5m 8.29% First filing
82 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 78,63378.6k $11.1m $11.1m 0.01% Added +8.0k +7,969
83 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 75,07275.1k $10.6m $10.6m 0.02% Reduced -9.5k -9,545
84 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 74,63574.6k $10.5m $10.5m 0.00% Reduced -11.9k -11,854
85 Quadcap Wealth Management, LLC 1.19% of their portfolio Frisco, TX 73,71073.7k $10.4m $10.4m 1.19% Added +2.8k +2,840
86 Modera Wealth Management, LLC 0.12% of their portfolio WESTWOOD, NJ 73,51473.5k $10.4m $10.4m 0.12% Reduced -1.4k -1,437
87 WealthShield Partners, LLC 1.11% of their portfolio CARY, NC 71,18471.2k $10.1m $10.1m 1.11% Reduced -102 -102
88 TFB Advisors LLC 2.56% of their portfolio OVERLAND PARK, KS 64,80164.8k $9.1m $9.1m 2.56% Added +91 +91
89 Wealthfront Advisers LLC 0.02% of their portfolio Palo Alto, CA 64,31464.3k $9.1m $9.1m 0.02% Added +3.8k +3,790
90 Capital Planning LLC 2.48% of their portfolio BELLEVUE, WA 62,21662.2k $8.9m $8.9m 2.48% Added +2.7k +2,697
91 HOWE & RUSLING INC 0.57% of their portfolio ROCHESTER, NY 61,00061.0k $8.6m $8.6m 0.57% Added +3.6k +3,562
92 Gladwyn Financial Advisors, Inc. 5.79% of their portfolio CHANTILLY, VA 58,42758.4k $8.2m $8.2m 5.79% Added +2.7k +2,652
93 AMARA FINANCIAL, LLC. 5.59% of their portfolio SAN FRANCISCO, CA 57,21657.2k $8.1m $8.1m 5.59% Added +4.5k +4,520
94 Mayfair Advisory Group, LLC 3.05% of their portfolio BIRMINGHAM, AL 55,21355.2k $7.9m $7.9m 3.05% Added +19.2k +19,192
95 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.49% of their portfolio FORT WAYNE, IN 54,12554.1k $7.6m $7.6m 0.49% Reduced -1.7k -1,740
96 Fiduciary Alliance LLC 0.48% of their portfolio GREENVILLE, SC 52,17352.2k $7.4m $7.4m 0.48% Reduced -128 -128
97 Fingerlakes Wealth Management, Inc. 4.57% of their portfolio ITHACA, NY 50,95951.0k $7.2m $7.2m 4.57% Added +3.8k +3,816
98 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 50,00550.0k $7.1m $7.1m 0.00% Added +49.8k +49,827
99 PFG Private Wealth Management, LLC 3.08% of their portfolio LUTZ, FL 49,81949.8k $7.0m $7.0m 3.08% New
100 COMERICA BANK 0.03% of their portfolio DALLAS, TX 48,68348.7k $6.9m $6.9m 0.03% Reduced -606 -606