Vault-13

VANGUARD ADMIRAL FDS INC VIOO

SMLLCP 600 IDX · ETP · CUSIP 921932828

343 institutional holders -2 vs Q2 2025
12,214,73812.2m shares reported held*
$1.3bnreported value*
29 new 101 added 95 reduced 24 sold out net sold ≈ $70.4m (-637.9k 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 ($1.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $110.44.

Trends to Q3 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: 345Q3 25: 343343Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 2025343

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 137 bought or addedQ4 23: 81 cut or sold outQ1 24: 115 bought or addedQ1 24: 95 cut or sold outQ1 24Q2 24: 137 bought or addedQ2 24: 85 cut or sold outQ3 24: 129 bought or addedQ3 24: 104 cut or sold outQ3 24Q4 24: 161 bought or addedQ4 24: 105 cut or sold outQ1 25: 139 bought or addedQ1 25: 117 cut or sold outQ1 25Q2 25: 134 bought or addedQ2 25: 140 cut or sold outQ3 25: 130 bought or addedQ3 25: 119 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202313781
Q1 202411595
Q2 202413785
Q3 2024129104
Q4 2024161105
Q1 2025139117
Q2 2025134140
Q3 2025130119

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ4 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 0.15Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$308.8k$48.3k0.16
Q2 2025$404.9k$60.7k0.15
Q3 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +120,077+120.1k
Janney Montgomery Scott LLC New +91,220+91.2k
Cerity Partners LLC Added +50,093+50.1k
MAI Capital Management Added +46,989+47.0k
BANK OF AMERICA CORP /DE/ Added +34,357+34.4k
HANTZ FINANCIAL SERVICES, INC. Added +32,111+32.1k
MORGAN STANLEY Added +29,856+29.9k
PFG Advisors New +22,999+23.0k
AdvisorNet Financial, Inc Added +22,458+22.5k
SILVERLAKE WEALTH MANAGEMENT LLC New +17,088+17.1k

Biggest sellers

Orgel Wealth Management, LLC Reduced -298,329-298.3k
ROYAL BANK OF CANADA Reduced -263,335-263.3k
Creative Planning Reduced -236,988-237.0k
Rockefeller Capital Management L.P. Reduced -51,219-51.2k
LPL Financial LLC Reduced -45,874-45.9k
Virtu Financial LLC Sold out -36,360-36.4k
One Day In July LLC Reduced -36,260-36.3k
CITADEL ADVISORS LLC Sold out -28,954-29.0k
Tower Research Capital LLC (TRC) Sold out -28,278-28.3k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -27,497-27.5k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orgel Wealth Management, LLC 2.55% of their portfolio ALTOONA, WI 1,012,8711.0m $111.9m $111.9m 2.55% Reduced -298.3k -298,329
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 879,058879.1k $97.1m $97.1m 0.01% Added +34.4k +34,357
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 800,147800.1k $88.4m $88.4m 0.01% Added +29.9k +29,856
4 Mariner, LLC 0.09% of their portfolio Overland Park, KS 621,484621.5k $68.7m $68.7m 0.09% Added +6.1k +6,065
5 Cerity Partners LLC 0.08% of their portfolio NEW YORK, NY 452,834452.8k $50.0m $50.0m 0.08% Added +50.1k +50,093
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 398,799398.8k $44.1m $44.1m 0.01% Reduced -19.5k -19,541
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 365,055365.1k $40.3m $40.3m 0.01% Added +4.4k +4,436
8 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 351,238351.2k $38.8m $38.8m 0.01% Added +11.2k +11,174
9 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 342,126342.1k $37.8m $37.8m 0.01% Added +16.3k +16,290
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 266,897266.9k $29.5m $29.5m 0.01% Reduced -263.3k -263,335
11 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 263,764263.8k $29.1m $29.1m 0.03% Added +1.9k +1,925
12 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 262,538262.5k $28.8m $28.8m 0.04% Added +4.2k +4,154
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 243,698243.7k $26.9m $26.9m 0.00% Added +120.1k +120,077
14 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 235,821235.8k $26.1m $26.1m 0.01% Reduced -45.9k -45,874
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 235,421235.4k $26.0m $26.0m 0.00% Added +4.5k +4,541
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 226,517226.5k $25.0m $25.0m 0.02% Reduced -7.9k -7,896
17 Savant Capital, LLC 0.15% of their portfolio ROCKFORD, IL 223,163223.2k $24.7m $24.7m 0.15% Reduced -6.3k -6,339
18 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 193,201193.2k $21.3m $21.3m 0.03% Added +1.3k +1,277
19 OLD NATIONAL BANCORP /IN/ 0.35% of their portfolio EVANSVILLE, IN 183,379183.4k $20.3m $20.3m 0.35% Added +6.1k +6,140
20 One Day In July LLC 1.55% of their portfolio BURLINGTON, VT 165,693165.7k $18.3m $18.3m 1.55% Reduced -36.3k -36,260
21 Warwick Investment Management, Inc. 3.14% of their portfolio BRYAN, TX 163,818163.8k $18.1m $18.1m 3.14% Reduced -1.6k -1,592
22 MONETA GROUP INVESTMENT ADVISORS LLC 0.14% of their portfolio ST LOUIS, MO 163,329163.3k $18.0m $18.0m 0.14% Added +5.1k +5,112
23 TCV Trust & Wealth Management, Inc. 1.40% of their portfolio RICHMOND, VA 151,071151.1k $16.7m $16.7m 1.40% Reduced -1.1k -1,101
24 Wiser Wealth Management, Inc 3.72% of their portfolio MARIETTA, GA 147,385147.4k $16.3m $16.3m 3.72% Added +5.8k +5,799
25 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 126,198126.2k $13.9m $13.9m 0.04% Added +2.9k +2,852
26 Moss Adams Wealth Advisors LLC 1.08% of their portfolio SEATTLE, WA 125,111125.1k $13.8m $13.8m 1.08% Reduced -756 -756
27 HANTZ FINANCIAL SERVICES, INC. 0.18% of their portfolio SOUTHFIELD, MI 107,626107.6k $11.9m $11.9m 0.18% Added +32.1k +32,111
28 AdvisorNet Financial, Inc 0.65% of their portfolio MINNETONKA, MN 103,716103.7k $11.5m $11.5m 0.65% Added +22.5k +22,458
29 New Insight Wealth Advisors 3.97% of their portfolio SAN RAMON, CA 95,55895.6k $10.6m $10.6m 3.97% Reduced -10.7k -10,651
30 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 91,22091.2k $10.1m $10.1m 0.02% New
31 Berman McAleer LLC 1.41% of their portfolio TIMONIUM, MD 91,14691.1k $10.1m $10.1m 1.41% First filing
32 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.18% of their portfolio BOSTON, MA 87,95688.0k $9.7m $9.7m 0.18% Unchanged
33 Mitsubishi UFJ Asset Management (UK) Ltd. 4.68% of their portfolio LONDON, X0 87,80087.8k $9.7m $9.7m 4.68% Reduced -8.0k -8,000
34 Pinnacle Financial Partners Inc 0.23% of their portfolio Nashville, TN 87,26687.3k $9.6m $9.6m 0.23% Reduced -494 -494
35 Marble Harbor Investment Counsel, LLC 0.90% of their portfolio BOSTON, MA 78,15278.2k $8.6m $8.6m 0.90% Added +3.0k +3,040
36 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 71,00871.0k $7.5m $7.5m 0.01% Added +2.6k +2,590
37 Concurrent Investment Advisors, LLC 0.13% of their portfolio Tampa, FL 70,79070.8k $7.8m $7.8m 0.13% Added +1.3k +1,282
38 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 67,26567.3k $7.4m $7.4m 0.02% Added +443 +443
39 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 57,78157.8k $6.4m $6.4m 0.00% Added +5.3k +5,345
40 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 0.38% of their portfolio KNOXVILLE, TN 52,27352.3k $5.8m $5.8m 0.38% Reduced -29 -29
41 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 48,86348.9k $5.4m $5.4m 0.01% Reduced -51.2k -51,219
42 MAI Capital Management 0.03% of their portfolio INDEPENDENCE, OH 48,06148.1k $5.3m $5.3m 0.03% Added +47.0k +46,989
43 SCS Capital Management LLC 0.06% of their portfolio BOSTON, MA 47,82147.8k $5.3m $5.3m 0.06% Unchanged
44 Bryant Woods Investment Advisors, LLC 2.03% of their portfolio GETZVILLE, NY 46,90546.9k $5.2m $5.2m 2.03% Added +657 +657
45 HARBOUR INVESTMENTS, INC. 0.12% of their portfolio MADISON, WI 46,48746.5k $5.1m $5.1m 0.12% Added +3.3k +3,251
46 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 44,21744.2k $4.9m $4.9m 0.02% Added +1.9k +1,929
47 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 40,81940.8k $4.5m $4.5m 0.01% Added +313 +313
48 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 40,69340.7k $4.5m $4.5m 0.02% Reduced -1.5k -1,504
49 HARBOR ADVISORY CORP /MA/ 1.31% of their portfolio PORTSMOUTH, NH 40,04440.0k $4.4m $4.4m 1.31% Reduced -13 -13
50 F/m Investments LLC 0.17% of their portfolio WASHINGTON, DC 39,40339.4k $4.4m $4.4m 0.17% Unchanged
51 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 39,37639.4k $4.3m $4.3m 0.00% Reduced -179 -179
52 AXXCESS WEALTH MANAGEMENT, LLC 0.09% of their portfolio CARLSBAD, CA 38,32538.3k $4.2m $4.2m 0.09% Added +13.1k +13,069
53 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 37,72137.7k $4.2m $4.2m 0.00% Reduced -237.0k -236,988
54 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.26% of their portfolio FORT WAYNE, IN 35,88235.9k $4.0m $4.0m 0.26% Reduced -142 -142
55 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 35,18835.2k $3.9m $3.9m 0.00% Reduced -26.7k -26,726
56 CERTUITY, LLC 0.26% of their portfolio NORTH PALM BEACH, FL 34,33134.3k $3.8m $3.8m 0.26% Unchanged
57 FIDELITY D & D BANCORP INC 2.05% of their portfolio Dunmore, PA 33,60733.6k $3.7m $3.7m 2.05% Added +3.4k +3,423
58 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 32,34332.3k $3.6m $3.6m 0.00% Reduced -6.6k -6,571
59 Valmark Advisers, Inc. 0.05% of their portfolio AKRON, OH 32,14732.1k $3.6m $3.6m 0.05% Reduced -4.9k -4,921
60 Total Clarity Wealth Management, Inc. 0.88% of their portfolio ST. CHARLES, IL 29,99230.0k $3.3m $3.3m 0.88% Reduced -13.9k -13,882
61 Betterment LLC 0.01% of their portfolio NEW YORK, NY 29,14929.1k $3.2m $3.2m 0.01% Added +830 +830
62 EVERGREEN CAPITAL MANAGEMENT LLC 0.07% of their portfolio Bellevue, WA 28,43528.4k $3.1m $3.1m 0.07% Added +621 +621
63 HBK Sorce Advisory LLC 0.08% of their portfolio ERIE, PA 28,22528.2k $3.1m $3.1m 0.08% Added +1.7k +1,662
64 Sierra Capital LLC 0.33% of their portfolio MIAMI, FL 27,63627.6k $3.1m $3.1m 0.33% Added +825 +825
65 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.02% of their portfolio NEW YORK, NY 27,24127.2k $3.0m $3.0m 0.02% Added +166 +166
66 Keystone Financial Group 0.23% of their portfolio LEXINGTON, KY 26,96827.0k $3.0m $3.0m 0.23% Added +340 +340
67 Flower City Capital 1.58% of their portfolio PITTSFORD, NY 26,51726.5k $2.9m $2.9m 1.58% Added +1.0k +1,023
68 REBALANCE, LLC 0.17% of their portfolio PALO ALTO, CA 26,11426.1k $2.9m $2.9m 0.17% Reduced -173 -173
69 BCS Wealth Management 0.63% of their portfolio JOHNSON CITY, TN 25,20425.2k $2.8m $2.8m 0.63% Added +1.7k +1,749
70 Fairway Wealth LLC 0.77% of their portfolio INDEPENDENCE, OH 24,72224.7k $2.7m $2.7m 0.77% Added +6.5k +6,545
71 OneAscent Financial Services LLC 0.18% of their portfolio BIRMINGHAM, AL 24,57624.6k $2.7m $2.7m 0.18% Added +12.1k +12,139
72 FIRST AMERICAN BANK 0.17% of their portfolio DUNDEE, IL 24,04524.0k $2.7m $2.7m 0.17% Unchanged
73 Visionary Wealth Advisors 0.12% of their portfolio O'FALLON, IL 23,35823.4k $2.6m $2.6m 0.12% Added +10.0k +10,026
74 PFG Advisors 0.10% of their portfolio Phoenix, AZ 22,99923.0k $2.5m $2.5m 0.10% New
75 Verum Partners LLC 0.53% of their portfolio CHARLOTTE, NC 22,47722.5k $2.5m $2.5m 0.53% Reduced -1 -1
76 Lebenthal Global Advisors, LLC 0.43% of their portfolio Hauppauge, NY 22,23222.2k $2.5m $2.5m 0.43% Reduced -14.0k -13,995
77 EQ LLC 0.82% of their portfolio BELLEVUE, WA 21,78221.8k $2.4m $2.4m 0.82% Reduced -711 -711
78 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 20,87820.9k $2.3m $2.3m 0.00% Added +1.0k +1,016
79 Base Wealth Management LLC 1.31% of their portfolio LAKEWOOD RANCH, FL 20,87220.9k $2.3m $2.3m 1.31% Added +530 +530
80 Capital Asset Advisory Services LLC 0.09% of their portfolio Williamston, MI 19,75819.8k $2.2m $2.2m 0.09% Added +378 +378
81 Valpey Financial Services, LLC 1.37% of their portfolio CONCORD, NH 18,89518.9k $2.1m $2.1m 1.37% Reduced -469 -469
82 THOMPSON SIEGEL & WALMSLEY LLC 0.03% of their portfolio RICHMOND, VA 18,15518.2k $2.0m $2.0m 0.03% Reduced -66 -66
83 PEAPACK GLADSTONE FINANCIAL CORP 0.03% of their portfolio BEDMINSTER, NJ 18,11618.1k $2.0m $2.0m 0.03% Added +10.5k +10,541
84 Kathleen S. Wright Associates Inc. 0.73% of their portfolio PITTSBURGH, PA 17,93817.9k $2.0m $2.0m 0.73% Unchanged
85 Marks Group Wealth Management, Inc 0.18% of their portfolio MINNETONKA, MN 17,36817.4k $1.9m $1.9m 0.18% Added +143 +143
86 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 17,12717.1k $1.9m $1.9m 0.00% Reduced -27.5k -27,497
87 SILVERLAKE WEALTH MANAGEMENT LLC 0.46% of their portfolio WILLISTON, VT 17,08817.1k $1.9m $1.9m 0.46% New
88 CRA Financial Services, LLC 0.26% of their portfolio NORTHFIELD, NJ 16,87716.9k $1.9m $1.9m 0.26% Reduced -500 -500
89 Silver Oak Advisory Group, Inc. 0.84% of their portfolio PORTLAND, OR 16,83216.8k $1.9m $1.9m 0.84% Added +1.2k +1,235
90 GATEWAY INVESTMENT ADVISERS LLC 0.02% of their portfolio CINCINNATI, OH 16,05116.1k $1.8m $1.8m 0.02% New
91 NewEdge Wealth, LLC 0.03% of their portfolio STAMFORD, CT 16,05116.1k $1.8m $1.8m 0.03% Unchanged
92 Wescott Financial Advisory Group, LLC 0.15% of their portfolio Philadelphia, PA 15,38015.4k $1.7m $1.7m 0.15% Unchanged
93 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 14,98615.0k $1.7m $1.7m 0.01% Added +406 +406
94 GREAT VALLEY ADVISOR GROUP, INC. 0.03% of their portfolio WILMINGTON, DE 14,83214.8k $1.6m $1.6m 0.03% Unchanged
95 Breakwater Capital Group 0.24% of their portfolio PARAMUS, NJ 14,43414.4k $1.6m $1.6m 0.24% Reduced -325 -325
96 Blueprint Investment Partners LLC 0.22% of their portfolio GREENSBORO, NC 14,09514.1k $1.6m $1.6m 0.22% New
97 Blueprint Financial Advisors LLC 0.34% of their portfolio GREENSBOTO, NC 14,07714.1k $1.6m $1.6m 0.34% Reduced -463 -463
98 Coastline Trust Co 0.16% of their portfolio PROVIDENCE, RI 13,89113.9k $1.5m $1.5m 0.16% Added +174 +174
99 Presper Financial Architects, LLC 0.88% of their portfolio AKRON, OH 13,72913.7k $1.5m $1.5m 0.88% Unchanged
100 ROMANO BROTHERS AND COMPANY 0.17% of their portfolio EVANSTON, IL 13,66513.7k $1.5m $1.5m 0.17% Unchanged