Vault-13

VANGUARD ADMIRAL FDS INC VIOO

SMLLCP 600 IDX · ETP · CUSIP 921932828

345 institutional holders +11 vs Q1 2025
12,902,33912.9m shares reported held*
$1.3bnreported value*
36 new 98 added 110 reduced 30 sold out net bought ≈ $39.2m (+336.6k 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 ($344.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $101.26. Options: 2 managers hold calls ($404.9k notional), 1 hold puts ($60.7k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0200400Q3 22: 205Q4 22: 243Q1 23: 247Q2 23: 250Q3 23: 256Q4 23: 288Q1 24: 284Q2 24: 306Q3 24: 306Q4 24: 334Q1 25: 334Q2 25: 345345Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022205
Q4 2022243
Q1 2023247
Q2 2023250
Q3 2023256
Q4 2023288
Q1 2024284
Q2 2024306
Q3 2024306
Q4 2024334
Q1 2025334
Q2 2025345

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 98 bought or addedQ3 23: 87 cut or sold outQ4 23: 137 bought or addedQ4 23: 81 cut or sold outQ4 23Q1 24: 115 bought or addedQ1 24: 95 cut or sold outQ2 24: 137 bought or addedQ2 24: 85 cut or sold outQ2 24Q3 24: 129 bought or addedQ3 24: 104 cut or sold outQ4 24: 161 bought or addedQ4 24: 105 cut or sold outQ4 24Q1 25: 139 bought or addedQ1 25: 117 cut or sold outQ2 25: 134 bought or addedQ2 25: 140 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20239887
Q4 202313781
Q1 202411595
Q2 202413785
Q3 2024129104
Q4 2024161105
Q1 2025139117
Q2 2025134140

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 24 calls: $108.2kQ3 24 puts: $238.0kQ3 24P/C 2.20Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $308.8kQ1 25 puts: $48.3kQ1 25P/C 0.16Q2 25 calls: $404.9kQ2 25 puts: $60.7kQ2 25P/C 0.15
Numbers
QuarterCallsPutsP/C
Q3 2024$108.2k$238.0k2.20
Q4 2024$0$0—
Q1 2025$308.8k$48.3k0.16
Q2 2025$404.9k$60.7k0.15

Biggest buyers

ROYAL BANK OF CANADA Added +272,281+272.3k
Orgel Wealth Management, LLC Added +123,720+123.7k
Moss Adams Wealth Advisors LLC Added +117,881+117.9k
UBS Group AG Added +96,901+96.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +80,451+80.5k
MONETA GROUP INVESTMENT ADVISORS LLC Added +67,444+67.4k
CAPTRUST FINANCIAL ADVISORS Added +57,014+57.0k
OSAIC HOLDINGS, INC. Added +53,792+53.8k
Rockefeller Capital Management L.P. Added +49,969+50.0k
Virtu Financial LLC New +36,360+36.4k

Biggest sellers

CAROLINAS WEALTH CONSULTING LLC Sold out -144,663-144.7k
FourThought Financial Partners, LLC Reduced -133,498-133.5k
Davidson Capital Management Inc. Reduced -108,454-108.5k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -102,189-102.2k
LPL Financial LLC Reduced -79,290-79.3k
Pathstone Holdings, LLC Reduced -62,338-62.3k
Private Advisory Group LLC Sold out -61,723-61.7k
AMERIPRISE FINANCIAL INC Reduced -42,376-42.4k
Kestra Advisory Services, LLC Reduced -34,203-34.2k
Mitsubishi UFJ Asset Management (UK) Ltd. Reduced -29,000-29.0k

Biggest calls

Belvedere Trading LLC Added $344.2k3.4k shares
Sequoia Financial Advisors, LLC New $60.7k600 shares

Biggest puts

Belvedere Trading LLC Added $60.7k600 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 Orgel Wealth Management, LLC 3.20% of their portfolio ALTOONA, WI 1,311,2001.3m $132.7m $132.7m 3.20% Added +123.7k +123,720
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 844,701844.7k $85.5m $85.5m 0.01% Added +3.6k +3,560
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 770,291770.3k $78.0m $78.0m 0.01% Added +30.0k +29,994
4 Mariner, LLC 0.09% of their portfolio Overland Park, KS 615,419615.4k $62.3m $62.3m 0.09% Reduced -12.3k -12,286
5 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 530,232530.2k $53.7m $53.7m 0.01% Added +272.3k +272,281
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 418,340418.3k $42.3m $42.3m 0.01% Added +22.1k +22,074
7 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 402,741402.7k $40.8m $40.8m 0.07% Reduced -2.1k -2,131
8 UBS Group AG 0.01% of their portfolio ZURICH, V8 360,619360.6k $36.5m $36.5m 0.01% Added +96.9k +96,901
9 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 340,064340.1k $34.4m $34.4m 0.01% Reduced -42.4k -42,376
10 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 325,836325.8k $33.0m $33.0m 0.01% Added +9.3k +9,315
11 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 281,695281.7k $28.5m $28.5m 0.01% Reduced -79.3k -79,290
12 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 274,709274.7k $27.8m $27.8m 0.02% Added +4.9k +4,914
13 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 261,839261.8k $26.5m $26.5m 0.04% Reduced -4.2k -4,179
14 OSAIC HOLDINGS, INC. 0.05% of their portfolio SCOTTSDALE, AZ 258,384258.4k $26.2m $26.2m 0.05% Added +53.8k +53,792
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 234,413234.4k $23.7m $23.7m 0.02% Added +80.5k +80,451
16 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 230,880230.9k $23.4m $23.4m 0.00% Added +34.5k +34,464
17 Savant Capital, LLC 0.17% of their portfolio ROCKFORD, IL 229,502229.5k $23.2m $23.2m 0.17% Reduced -15.0k -15,013
18 One Day In July LLC 1.85% of their portfolio BURLINGTON, VT 201,953202.0k $20.4m $20.4m 1.85% Reduced -26.4k -26,413
19 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 191,924191.9k $19.4m $19.4m 0.03% Reduced -102.2k -102,189
20 OLD NATIONAL BANCORP /IN/ 0.32% of their portfolio EVANSVILLE, IN 177,239177.2k $17.9m $17.9m 0.32% Added +25.3k +25,270
21 Warwick Investment Management, Inc. 3.25% of their portfolio BRYAN, TX 165,410165.4k $16.7m $16.7m 3.25% Reduced -1.7k -1,701
22 MONETA GROUP INVESTMENT ADVISORS LLC 0.19% of their portfolio ST LOUIS, MO 158,217158.2k $16.0m $16.0m 0.19% Added +67.4k +67,444
23 TCV Trust & Wealth Management, Inc. 1.35% of their portfolio RICHMOND, VA 152,172152.2k $15.4m $15.4m 1.35% Reduced -2.9k -2,930
24 Wiser Wealth Management, Inc 3.59% of their portfolio MARIETTA, GA 141,586141.6k $14.3m $14.3m 3.59% Added +15.3k +15,283
25 Moss Adams Wealth Advisors LLC 1.16% of their portfolio SEATTLE, WA 125,867125.9k $12.7m $12.7m 1.16% Added +117.9k +117,881
26 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 123,621123.6k $12.5m $12.5m 0.00% Reduced -6.1k -6,051
27 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 123,346123.3k $12.5m $12.5m 0.04% Added +2.2k +2,163
28 New Insight Wealth Advisors 4.42% of their portfolio SAN RAMON, CA 106,209106.2k $10.8m $10.8m 4.42% Reduced -7.1k -7,082
29 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 100,082100.1k $10.1m $10.1m 0.01% Added +50.0k +49,969
30 Mitsubishi UFJ Asset Management (UK) Ltd. 5.05% of their portfolio LONDON, X0 95,80095.8k $9.7m $9.7m 5.05% Reduced -29.0k -29,000
31 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.20% of their portfolio BOSTON, MA 87,95688.0k $8.9m $8.9m 0.20% Unchanged
32 Pinnacle Financial Partners Inc 0.19% of their portfolio Nashville, TN 87,76087.8k $8.9m $8.9m 0.19% Added +295 +295
33 AdvisorNet Financial, Inc 0.53% of their portfolio MINNETONKA, MN 81,25881.3k $8.2m $8.2m 0.53% Added +1.3k +1,339
34 HANTZ FINANCIAL SERVICES, INC. 0.12% of their portfolio SOUTHFIELD, MI 75,51575.5k $7.6m $7.6m 0.12% Added +21.1k +21,087
35 Marble Harbor Investment Counsel, LLC 0.83% of their portfolio BOSTON, MA 75,11275.1k $7.6m $7.6m 0.83% Reduced -495 -495
36 Concurrent Investment Advisors, LLC 0.14% of their portfolio Tampa, FL 69,50869.5k $7.0m $7.0m 0.14% Added +8.2k +8,230
37 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 68,41868.4k $6.9m $6.9m 0.01% Reduced -1.8k -1,756
38 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 66,82266.8k $6.8m $6.8m 0.02% Added +57.0k +57,014
39 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 61,91461.9k $6.3m $6.3m 0.01% Added +5.6k +5,571
40 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 52,43652.4k $5.3m $5.3m 0.00% Added +2.2k +2,176
41 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 0.37% of their portfolio KNOXVILLE, TN 52,30252.3k $5.3m $5.3m 0.37% Reduced -5.6k -5,597
42 SCS Capital Management LLC 0.05% of their portfolio BOSTON, MA 47,82147.8k $4.8m $4.8m 0.05% Unchanged
43 Bryant Woods Investment Advisors, LLC 2.02% of their portfolio GETZVILLE, NY 46,24846.2k $4.7m $4.7m 2.02% Reduced -1.1k -1,072
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 44,62444.6k $4.5m $4.5m 0.01% Added +33.6k +33,581
45 Total Clarity Wealth Management, Inc. 1.27% of their portfolio ST. CHARLES, IL 43,87443.9k $4.4m $4.4m 1.27% Added +23.8k +23,762
46 HARBOUR INVESTMENTS, INC. 0.11% of their portfolio MADISON, WI 43,23643.2k $4.4m $4.4m 0.11% Added +4.1k +4,078
47 Sebold Capital Management, Inc. 2.64% of their portfolio LISLE, IL 42,40342.4k $4.3m $4.3m 2.64% Reduced -4.0k -3,986
48 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 42,28842.3k $4.3m $4.3m 0.02% Reduced -62.3k -62,338
49 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 42,19742.2k $4.3m $4.3m 0.02% Reduced -663 -663
50 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 40,50640.5k $4.1m $4.1m 0.01% Reduced -2.3k -2,294
51 HARBOR ADVISORY CORP /MA/ 1.29% of their portfolio PORTSMOUTH, NH 40,05740.1k $4.1m $4.1m 1.29% Reduced -71 -71
52 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 39,55539.6k $4.0m $4.0m 0.01% Reduced -6.8k -6,791
53 F/m Investments LLC 0.14% of their portfolio WASHINGTON, DC 39,40339.4k $4.0m $4.0m 0.14% Added +7.9k +7,900
54 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 38,91438.9k $3.9m $3.9m 0.00% Reduced -5.5k -5,465
55 Valmark Advisers, Inc. 0.05% of their portfolio AKRON, OH 37,06837.1k $3.8m $3.8m 0.05% Added +22.1k +22,090
56 EP Wealth Advisors, LLC 0.02% of their portfolio TORRANCE, CA 36,60636.6k $3.7m $3.7m 0.02% Reduced -105 -105
57 Virtu Financial LLC 0.19% of their portfolio New York, NY 36,36036.4k $3.7m $3.7m 0.19% New
58 Lebenthal Global Advisors, LLC 0.68% of their portfolio Hauppauge, NY 36,22736.2k $3.7m $3.7m 0.68% Reduced -13.6k -13,645
59 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.26% of their portfolio FORT WAYNE, IN 36,02436.0k $3.6m $3.6m 0.26% Unchanged
60 CERTUITY, LLC 0.33% of their portfolio NORTH PALM BEACH, FL 34,33134.3k $3.5m $3.5m 0.33% Unchanged
61 FIDELITY D & D BANCORP INC 1.87% of their portfolio Dunmore, PA 30,18430.2k $3.1m $3.1m 1.87% Added +4.4k +4,373
62 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 28,95429.0k $2.9m $2.9m 0.00% Reduced -14.3k -14,264
63 AVANTAX ADVISORY SERVICES, INC. 0.02% of their portfolio DALLAS, TX 28,69728.7k $2.9m $2.9m 0.02% Added +141 +141
64 Betterment LLC 0.01% of their portfolio NEW YORK, NY 28,31928.3k $2.9m $2.9m 0.01% Reduced -422 -422
65 Tower Research Capital LLC (TRC) 0.08% of their portfolio NEW YORK, NY 28,27828.3k $2.9m $2.9m 0.08% Added +25.5k +25,521
66 EVERGREEN CAPITAL MANAGEMENT LLC 0.08% of their portfolio Bellevue, WA 27,81427.8k $2.8m $2.8m 0.08% Reduced -10.8k -10,752
67 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.02% of their portfolio NEW YORK, NY 27,07527.1k $2.7m $2.7m 0.02% Added +104 +104
68 Sierra Capital LLC 0.31% of their portfolio MIAMI, FL 26,81126.8k $2.7m $2.7m 0.31% Added +2.4k +2,363
69 Keystone Financial Group 0.24% of their portfolio LEXINGTON, KY 26,62826.6k $2.7m $2.7m 0.24% Added +625 +625
70 HBK Sorce Advisory LLC 0.07% of their portfolio ERIE, PA 26,56326.6k $2.7m $2.7m 0.07% Added +20.7k +20,676
71 REBALANCE, LLC 0.18% of their portfolio PALO ALTO, CA 26,28726.3k $2.7m $2.7m 0.18% Added +8.6k +8,560
72 Flower City Capital 1.52% of their portfolio PITTSFORD, NY 25,49425.5k $2.6m $2.6m 1.52% Reduced -7.2k -7,189
73 AXXCESS WEALTH MANAGEMENT, LLC 0.06% of their portfolio CARLSBAD, CA 25,25625.3k $2.6m $2.6m 0.06% Added +5.8k +5,782
74 FourThought Financial Partners, LLC 0.25% of their portfolio VENICE, FL 24,75524.8k $2.5m $2.5m 0.25% Reduced -133.5k -133,498
75 FIRST AMERICAN BANK 0.17% of their portfolio DUNDEE, IL 24,04524.0k $2.4m $2.4m 0.17% Unchanged
76 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 23,82723.8k $2.4m $2.4m 0.00% Added +14.6k +14,631
77 BCS Wealth Management 0.51% of their portfolio JOHNSON CITY, TN 23,45523.5k $2.4m $2.4m 0.51% Added +4.8k +4,793
78 EQ LLC 0.88% of their portfolio BELLEVUE, WA 22,49322.5k $2.3m $2.3m 0.88% Reduced -13.7k -13,669
79 Verum Partners LLC 0.52% of their portfolio CHARLOTTE, NC 22,47822.5k $2.3m $2.3m 0.52% Reduced -2.2k -2,208
80 Base Wealth Management LLC 1.32% of their portfolio LAKEWOOD RANCH, FL 20,34220.3k $2.1m $2.1m 1.32% Reduced -12.8k -12,757
81 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 19,86219.9k $2.0m $2.0m 0.00% Added +1.4k +1,439
82 Foundations Investment Advisors, LLC 0.03% of their portfolio PHOENIX, AZ 19,78019.8k $2.0m $2.0m 0.03% Added +1.7k +1,741
83 Capital Asset Advisory Services LLC 0.09% of their portfolio Williamston, MI 19,38019.4k $2.0m $2.0m 0.09% Reduced -153 -153
84 Valpey Financial Services, LLC 1.36% of their portfolio CONCORD, NH 19,36419.4k $2.0m $2.0m 1.36% First filing
85 Fund Evaluation Group, LLC 0.08% of their portfolio CINCINNATI, OH 19,18019.2k $1.9m $1.9m 0.08% Reduced -2.5k -2,470
86 THOMPSON SIEGEL & WALMSLEY LLC 0.03% of their portfolio RICHMOND, VA 18,22118.2k $1.8m $1.8m 0.03% Reduced -428 -428
87 Fairway Wealth LLC 0.59% of their portfolio INDEPENDENCE, OH 18,17718.2k $1.8m $1.8m 0.59% Added +2.3k +2,346
88 Kathleen S. Wright Associates Inc. 0.71% of their portfolio PITTSBURGH, PA 17,93817.9k $1.8m $1.8m 0.71% Reduced -61 -61
89 CRA Financial Services, LLC 0.27% of their portfolio NORTHFIELD, NJ 17,37717.4k $1.8m $1.8m 0.27% Reduced -68 -68
90 Marks Group Wealth Management, Inc 0.16% of their portfolio MINNETONKA, MN 17,22517.2k $1.7m $1.7m 0.16% New
91 True North Advisors, LLC 0.33% of their portfolio Dallas, TX 17,04917.0k $1.7m $1.7m 0.33% Reduced -5.6k -5,619
92 Belmont Capital, LLC 0.25% of their portfolio LOS ANGELES, CA 16,05116.1k $1.6m $1.6m 0.25% Unchanged
93 NewEdge Wealth, LLC 0.03% of their portfolio STAMFORD, CT 16,05116.1k $1.6m $1.6m 0.03% Unchanged
94 Silver Oak Advisory Group, Inc. 0.76% of their portfolio PORTLAND, OR 15,59715.6k $1.6m $1.6m 0.76% Added +1.6k +1,573
95 Wescott Financial Advisory Group, LLC 0.15% of their portfolio Philadelphia, PA 15,38015.4k $1.6m $1.6m 0.15% Unchanged
96 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 15,14215.1k $1.5m $1.5m 0.00% Reduced -3.0k -3,027
97 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 14,83214.8k $1.5m $1.5m 0.03% Added +5.9k +5,862
98 Breakwater Capital Group 0.24% of their portfolio PARAMUS, NJ 14,75914.8k $1.5m $1.5m 0.24% Reduced -470 -470
99 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 14,58014.6k $1.5m $1.5m 0.01% Added +522 +522
100 Blueprint Financial Advisors LLC 0.47% of their portfolio GREENSBOTO, NC 14,54014.5k $1.5m $1.5m 0.47% New