Vault-13

VANGUARD ADMIRAL FDS INC VIOO

SMLLCP 600 IDX · ETP · CUSIP 921932828

369 institutional holders +26 vs Q3 2025
12,818,95712.8m shares reported held*
$1.4bnreported value*
29 new 142 added 99 reduced 13 sold out net bought ≈ $36.4m (+438.3k 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 ($244.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $110.05.

Trends to Q4 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: 343Q4 25: 369369Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 2025369

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 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 25Q3 25: 130 bought or addedQ3 25: 119 cut or sold outQ4 25: 171 bought or addedQ4 25: 112 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202411595
Q2 202413785
Q3 2024129104
Q4 2024161105
Q1 2025139117
Q2 2025134140
Q3 2025130119
Q4 2025171112

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ1 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 —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$308.8k$48.3k0.16
Q2 2025$404.9k$60.7k0.15
Q3 2025$0$0—
Q4 2025$0$0—

Biggest buyers

JPMORGAN CHASE & CO Added +104,001+104.0k
Corient Private Wealth LP Added +101,246+101.2k
CAPTRUST FINANCIAL ADVISORS Added +54,410+54.4k
HANTZ FINANCIAL SERVICES, INC. Added +40,686+40.7k
Visionary Wealth Advisors Added +28,262+28.3k
BCS Wealth Management Added +27,200+27.2k
MONETA GROUP INVESTMENT ADVISORS LLC Added +26,750+26.8k
GOLDMAN SACHS GROUP INC Added +25,952+26.0k
Geneos Wealth Management Inc. New +23,572+23.6k
Orgel Wealth Management, LLC Added +22,459+22.5k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -78,439-78.4k
MORGAN STANLEY Reduced -28,413-28.4k
Cetera Investment Advisers Reduced -24,449-24.4k
LPL Financial LLC Reduced -18,695-18.7k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -16,374-16.4k
One Day In July LLC Reduced -14,716-14.7k
Blueprint Investment Partners LLC Sold out -14,095-14.1k
Blueprint Financial Advisors LLC Sold out -14,077-14.1k
Mitsubishi UFJ Asset Management (UK) Ltd. Reduced -13,000-13.0k
SILVERCREST ASSET MANAGEMENT GROUP LLC Reduced -12,711-12.7k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orgel Wealth Management, LLC 2.53% of their portfolio ALTOONA, WI 1,035,3301.0m $114.9m $114.9m 2.53% Added +22.5k +22,459
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 800,619800.6k $88.8m $88.8m 0.01% Reduced -78.4k -78,439
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 771,734771.7k $85.6m $85.6m 0.01% Reduced -28.4k -28,413
4 Mariner, LLC 0.08% of their portfolio Overland Park, KS 637,944637.9k $70.8m $70.8m 0.08% Added +16.5k +16,460
5 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 450,508450.5k $50.0m $50.0m 0.07% Reduced -2.3k -2,326
6 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 400,139400.1k $44.4m $44.4m 0.01% Added +1.3k +1,340
7 UBS Group AG 0.01% of their portfolio ZURICH, V8 356,803356.8k $39.6m $39.6m 0.01% Reduced -8.3k -8,252
8 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 355,450355.4k $39.5m $39.5m 0.01% Added +4.2k +4,212
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 347,699347.7k $38.6m $38.6m 0.00% Added +104.0k +104,001
10 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 347,348347.3k $38.5m $38.5m 0.01% Added +5.2k +5,222
11 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 275,129275.1k $30.5m $30.5m 0.01% Added +8.2k +8,232
12 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 262,794262.8k $29.2m $29.2m 0.04% Added +256 +256
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 261,373261.4k $29.0m $29.0m 0.00% Added +26.0k +25,952
14 Cetera Investment Advisers 0.03% of their portfolio SCHAUMBURG, IL 239,315239.3k $26.6m $26.6m 0.03% Reduced -24.4k -24,449
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 238,065238.1k $26.4m $26.4m 0.02% Added +11.5k +11,548
16 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 217,126217.1k $24.1m $24.1m 0.01% Reduced -18.7k -18,695
17 Savant Capital, LLC 0.13% of their portfolio ROCKFORD, IL 211,372211.4k $23.5m $23.5m 0.13% Reduced -11.8k -11,791
18 MONETA GROUP INVESTMENT ADVISORS LLC 0.16% of their portfolio ST LOUIS, MO 190,079190.1k $21.1m $21.1m 0.16% Added +26.8k +26,750
19 Warwick Investment Management, Inc. 3.17% of their portfolio BRYAN, TX 185,322185.3k $20.6m $20.6m 3.17% Added +21.5k +21,504
20 OLD NATIONAL BANCORP /IN/ 0.33% of their portfolio EVANSVILLE, IN 177,574177.6k $19.7m $19.7m 0.33% Reduced -5.8k -5,805
21 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 176,827176.8k $19.6m $19.6m 0.03% Reduced -16.4k -16,374
22 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 172,254172.3k $12.2m $12.2m 0.01% Added +101.2k +101,246
23 TCV Trust & Wealth Management, Inc. 1.36% of their portfolio RICHMOND, VA 151,826151.8k $16.8m $16.8m 1.36% Added +755 +755
24 One Day In July LLC 1.38% of their portfolio BURLINGTON, VT 150,977151.0k $16.8m $16.8m 1.38% Reduced -14.7k -14,716
25 Wiser Wealth Management, Inc 3.67% of their portfolio MARIETTA, GA 148,795148.8k $16.5m $16.5m 3.67% Added +1.4k +1,410
26 HANTZ FINANCIAL SERVICES, INC. 0.24% of their portfolio SOUTHFIELD, MI 148,312148.3k $16.5m $16.5m 0.24% Added +40.7k +40,686
27 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 129,617129.6k $14.4m $14.4m 0.04% Added +3.4k +3,419
28 Moss Adams Wealth Advisors LLC 1.00% of their portfolio SEATTLE, WA 124,810124.8k $13.8m $13.8m 1.00% Reduced -301 -301
29 CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio RALEIGH, NC 121,675121.7k $7.9m $7.9m 0.01% Added +54.4k +54,410
30 AdvisorNet Financial, Inc 0.69% of their portfolio MINNETONKA, MN 116,735116.7k $13.0m $13.0m 0.69% Added +13.0k +13,019
31 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 94,40294.4k $10.5m $10.5m 0.02% Added +3.2k +3,182
32 Berman McAleer LLC 1.43% of their portfolio TIMONIUM, MD 94,26194.3k $10.5m $10.5m 1.43% Added +3.1k +3,115
33 Pinnacle Financial Partners, Inc. 0.08% of their portfolio ATLANTA, GA 94,08194.1k $10.4m $10.4m 0.08% First filing
34 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.16% of their portfolio BOSTON, MA 87,95688.0k $9.8m $9.8m 0.16% Unchanged
35 New Insight Wealth Advisors 3.44% of their portfolio SAN RAMON, CA 86,73286.7k $9.6m $9.6m 3.44% Reduced -8.8k -8,826
36 Marble Harbor Investment Counsel, LLC 0.97% of their portfolio BOSTON, MA 81,54981.5k $9.0m $9.0m 0.97% Added +3.4k +3,397
37 Concurrent Investment Advisors, LLC 0.10% of their portfolio Tampa, FL 80,75780.8k $9.0m $9.0m 0.10% Added +10.0k +9,967
38 Mitsubishi UFJ Asset Management (UK) Ltd. 4.05% of their portfolio LONDON, X0 74,80074.8k $8.3m $8.3m 4.05% Reduced -13.0k -13,000
39 PERRYMAN FINANCIAL ADVISORY INC /AD 1.19% of their portfolio DALLAS, TX 73,18573.2k $8.1m $8.1m 1.19% First filing
40 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 58,93558.9k $6.5m $6.5m 0.01% Added +19.6k +19,559
41 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 56,60856.6k $6.3m $6.3m 0.01% Added +21.4k +21,420
42 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 56,48256.5k $6.3m $6.3m 0.00% Reduced -1.3k -1,299
43 MAI Capital Management 0.04% of their portfolio INDEPENDENCE, OH 55,76555.8k $6.2m $6.2m 0.04% Added +7.7k +7,704
44 BCS Wealth Management 0.59% of their portfolio JOHNSON CITY, TN 52,40452.4k $5.8m $5.8m 0.59% Added +27.2k +27,200
45 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 0.37% of their portfolio KNOXVILLE, TN 52,10352.1k $5.8m $5.8m 0.37% Reduced -170 -170
46 Visionary Wealth Advisors 0.26% of their portfolio O'FALLON, IL 51,62051.6k $5.7m $5.7m 0.26% Added +28.3k +28,262
47 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 49,67149.7k $5.5m $5.5m 0.01% Added +808 +808
48 SCS Capital Management LLC 0.06% of their portfolio BOSTON, MA 47,82147.8k $5.3m $5.3m 0.06% Unchanged
49 HARBOUR INVESTMENTS, INC. 0.11% of their portfolio MADISON, WI 47,35747.4k $5.3m $5.3m 0.11% Added +870 +870
50 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 46,56346.6k $5.2m $5.2m 0.02% Added +2.3k +2,346
51 AXXCESS WEALTH MANAGEMENT, LLC 0.09% of their portfolio CARLSBAD, CA 46,01346.0k $5.1m $5.1m 0.09% Added +7.7k +7,688
52 Bryant Woods Investment Advisors, LLC 1.96% of their portfolio GETZVILLE, NY 45,69345.7k $5.1m $5.1m 1.96% Reduced -1.2k -1,212
53 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 41,30541.3k $4.6m $4.6m 0.01% Added +486 +486
54 F/m Investments LLC 0.17% of their portfolio WASHINGTON, DC 39,92239.9k $4.4m $4.4m 0.17% Added +519 +519
55 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 39,70139.7k $4.4m $4.4m 0.00% Added +2.0k +1,980
56 EVERGREEN CAPITAL MANAGEMENT LLC 0.10% of their portfolio Bellevue, WA 39,65339.7k $4.4m $4.4m 0.10% Added +11.2k +11,218
57 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 38,99539.0k $4.3m $4.3m 0.02% Reduced -1.7k -1,698
58 HARBOR ADVISORY CORP /MA/ 1.31% of their portfolio PORTSMOUTH, NH 38,98639.0k $4.3m $4.3m 1.31% Reduced -1.1k -1,058
59 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 37,53337.5k $4.2m $4.2m 0.00% Added +5.2k +5,190
60 EP Wealth Advisors, LLC 0.02% of their portfolio TORRANCE, CA 36,43436.4k $4.0m $4.0m 0.02% First filing
61 FIDELITY D & D BANCORP INC 1.73% of their portfolio Dunmore, PA 36,11436.1k $4.0m $4.0m 1.73% Added +2.5k +2,507
62 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.26% of their portfolio FORT WAYNE, IN 35,74335.7k $4.0m $4.0m 0.26% Reduced -139 -139
63 CERTUITY, LLC 0.24% of their portfolio NORTH PALM BEACH, FL 34,78734.8k $3.9m $3.9m 0.24% Added +456 +456
64 Total Clarity Wealth Management, Inc. 0.89% of their portfolio ST. CHARLES, IL 32,99233.0k $3.7m $3.7m 0.89% Added +3.0k +3,000
65 Betterment LLC 0.01% of their portfolio NEW YORK, NY 30,93130.9k $3.4m $3.4m 0.01% Added +1.8k +1,782
66 Valmark Advisers, Inc. 0.04% of their portfolio AKRON, OH 29,79229.8k $3.3m $3.3m 0.04% Reduced -2.4k -2,355
67 HBK Sorce Advisory LLC 0.08% of their portfolio ERIE, PA 28,43428.4k $3.5m $3.5m 0.08% Added +209 +209
68 Flower City Capital 1.57% of their portfolio PITTSFORD, NY 27,81327.8k $3.1m $3.1m 1.57% Added +1.3k +1,296
69 Sierra Capital LLC 0.33% of their portfolio MIAMI, FL 27,70427.7k $3.1m $3.1m 0.33% Added +68 +68
70 Keystone Financial Group 0.22% of their portfolio LEXINGTON, KY 26,94826.9k $3.0m $3.0m 0.22% Reduced -20 -20
71 REBALANCE, LLC 0.17% of their portfolio PALO ALTO, CA 26,58126.6k $2.9m $2.9m 0.17% Added +467 +467
72 Fairway Wealth LLC 0.79% of their portfolio INDEPENDENCE, OH 26,28126.3k $2.9m $2.9m 0.79% Added +1.6k +1,559
73 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 24,76824.8k $2.7m $2.7m 0.00% Added +7.6k +7,641
74 Kastel Capital Advisors, LLC 1.62% of their portfolio WELLESLEY, MA 23,84823.8k $2.6m $2.6m 1.62% First filing
75 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 23,57523.6k $2.6m $2.6m 0.00% Added +2.7k +2,697
76 Geneos Wealth Management Inc. 0.06% of their portfolio ENGLEWOOD, CO 23,57223.6k $2.6m $2.6m 0.06% New
77 FIRST AMERICAN BANK 0.16% of their portfolio DUNDEE, IL 23,42923.4k $2.6m $2.6m 0.16% Reduced -616 -616
78 Base Wealth Management LLC 1.33% of their portfolio LAKEWOOD RANCH, FL 22,22122.2k $2.5m $2.5m 1.33% Added +1.3k +1,349
79 Verum Partners LLC 0.50% of their portfolio CHARLOTTE, NC 22,18722.2k $2.5m $2.5m 0.50% Reduced -290 -290
80 EQ LLC 0.69% of their portfolio BELLEVUE, WA 21,71621.7k $2.4m $2.4m 0.69% Reduced -66 -66
81 SILVERLAKE WEALTH MANAGEMENT LLC 0.53% of their portfolio WILLISTON, VT 21,35221.4k $2.4m $2.4m 0.53% Added +4.3k +4,264
82 PFG Advisors 0.11% of their portfolio Phoenix, AZ 21,32621.3k $2.4m $2.4m 0.11% Reduced -1.7k -1,673
83 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 20,50820.5k $2.3m $2.3m 0.01% Added +8.8k +8,829
84 Capital Asset Advisory Services LLC 0.09% of their portfolio Williamston, MI 20,34620.3k $2.3m $2.3m 0.09% Added +588 +588
85 PEAPACK GLADSTONE FINANCIAL CORP 0.03% of their portfolio BEDMINSTER, NJ 19,69119.7k $2.2m $2.2m 0.03% Added +1.6k +1,575
86 Valpey Financial Services, LLC 1.34% of their portfolio CONCORD, NH 18,93718.9k $2.1m $2.1m 1.34% Added +42 +42
87 THOMPSON SIEGEL & WALMSLEY LLC 0.03% of their portfolio RICHMOND, VA 18,15518.2k $2.0m $2.0m 0.03% Unchanged
88 CRA Financial Services, LLC 0.25% of their portfolio NORTHFIELD, NJ 16,88216.9k $1.9m $1.9m 0.25% Added +5 +5
89 Silver Oak Advisory Group, Inc. 0.85% of their portfolio PORTLAND, OR 16,85816.9k $1.9m $1.9m 0.85% Added +26 +26
90 GATEWAY INVESTMENT ADVISERS LLC 0.02% of their portfolio CINCINNATI, OH 16,05116.1k $1.8m $1.8m 0.02% Unchanged
91 NewEdge Wealth, LLC 0.02% of their portfolio STAMFORD, CT 16,05116.1k $1.8m $1.8m 0.02% Unchanged
92 Wescott Financial Advisory Group, LLC 0.15% of their portfolio Philadelphia, PA 15,57815.6k $1.7m $1.7m 0.15% Added +198 +198
93 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 15,43315.4k $1.7m $1.7m 0.01% Added +447 +447
94 Marks Group Wealth Management, Inc 0.16% of their portfolio MINNETONKA, MN 15,18815.2k $1.7m $1.7m 0.16% Reduced -2.2k -2,180
95 True North Advisors, LLC 0.22% of their portfolio Dallas, TX 15,14915.1k $1.7m $1.7m 0.22% New
96 Clearstead Advisors, LLC 0.02% of their portfolio CLEVELAND, OH 14,90614.9k $1.7m $1.7m 0.02% Added +1.6k +1,559
97 Breakwater Capital Group 0.23% of their portfolio PARAMUS, NJ 14,78414.8k $1.6m $1.6m 0.23% Added +350 +350
98 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.01% of their portfolio NEW YORK, NY 14,53014.5k $1.6m $1.6m 0.01% Reduced -12.7k -12,711
99 Presper Financial Architects, LLC 0.86% of their portfolio AKRON, OH 13,73013.7k $1.5m $1.5m 0.86% Added +1 +1
100 Coastline Trust Co 0.14% of their portfolio PROVIDENCE, RI 13,52013.5k $1.5m $1.5m 0.14% Reduced -371 -371