Vault-13

VANGUARD ADMIRAL FDS INC IVOO

MIDCP 400 IDX · ETP · CUSIP 921932885

275 institutional holders -2 vs Q2 2025
13,359,65913.4m shares reported held*
$1.5bnreported value*
18 new 86 added 84 reduced 12 sold out net bought ≈ $34.1m (+280.8k 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 ($242.7k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $110.50.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 175Q4 22: 189Q1 23: 192Q2 23: 197Q3 23: 199Q4 23: 222Q1 24: 233Q2 24: 235Q3 24: 251Q4 24: 274Q1 25: 271Q2 25: 277Q3 25: 275275Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022175
Q4 2022189
Q1 2023192
Q2 2023197
Q3 2023199
Q4 2023222
Q1 2024233
Q2 2024235
Q3 2024251
Q4 2024274
Q1 2025271
Q2 2025277
Q3 2025275

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 23: 95 bought or addedQ4 23: 58 cut or sold outQ1 24: 118 bought or addedQ1 24: 69 cut or sold outQ1 24Q2 24: 81 bought or addedQ2 24: 89 cut or sold outQ3 24: 116 bought or addedQ3 24: 74 cut or sold outQ3 24Q4 24: 116 bought or addedQ4 24: 74 cut or sold outQ1 25: 124 bought or addedQ1 25: 88 cut or sold outQ1 25Q2 25: 122 bought or addedQ2 25: 98 cut or sold outQ3 25: 104 bought or addedQ3 25: 96 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20239558
Q1 202411869
Q2 20248189
Q3 202411674
Q4 202411674
Q1 202512488
Q2 202512298
Q3 202510496

Calls vs puts

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

CallsPuts
$0$100k$200k$300k$400kQ4 24 calls: $358.7kQ4 24 puts: $21.1kQ4 24P/C 0.06Q1 25 calls: $306.0kQ1 25 puts: $9.9kQ1 25P/C 0.03Q2 25 calls: $314.9kQ2 25 puts: $10.5kQ2 25P/C 0.03Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$358.7k$21.1k0.06
Q1 2025$306.0k$9.9k0.03
Q2 2025$314.9k$10.5k0.03
Q3 2025$0$0—

Biggest buyers

HANTZ FINANCIAL SERVICES, INC. Added +242,671+242.7k
JPMORGAN CHASE & CO Added +177,923+177.9k
GOLDMAN SACHS GROUP INC Added +146,563+146.6k
BANK OF AMERICA CORP /DE/ Added +126,381+126.4k
Bedell Frazier Investment Counselling, LLC New +26,223+26.2k
WELLS FARGO & COMPANY/MN Added +22,989+23.0k
Warwick Investment Management, Inc. Added +20,095+20.1k
BNP PARIBAS FINANCIAL MARKETS New +20,000+20.0k
MORGAN STANLEY Added +15,925+15.9k
Phoenix Financial Ltd. Added +15,000+15.0k

Biggest sellers

ROYAL BANK OF CANADA Reduced -234,403-234.4k
UBS Group AG Reduced -115,364-115.4k
LOCKHEED MARTIN INVESTMENT MANAGEMENT CO Reduced -90,000-90.0k
Rockefeller Capital Management L.P. Reduced -44,014-44.0k
Virtu Financial LLC Sold out -43,895-43.9k
Gibraltar Capital Management, Inc. Reduced -29,610-29.6k
SoundView Advisors Inc. Sold out -17,350-17.4k
STIFEL FINANCIAL CORP Reduced -16,272-16.3k
Cambridge Investment Research Advisors, Inc. Reduced -12,690-12.7k
LPL Financial LLC Reduced -10,344-10.3k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,643,0311.6m $181.4m $181.4m 0.03% Added +146.6k +146,563
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,306,7601.3m $144.2m $144.2m 0.01% Added +126.4k +126,381
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 984,604984.6k $108.7m $108.7m 0.01% Added +15.9k +15,925
4 UBS Group AG 0.02% of their portfolio ZURICH, V8 867,178867.2k $95.7m $95.7m 0.02% Reduced -115.4k -115,364
5 HANTZ FINANCIAL SERVICES, INC. 1.31% of their portfolio SOUTHFIELD, MI 782,136782.1k $86.3m $86.3m 1.31% Added +242.7k +242,671
6 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 2.68% of their portfolio BETHESDA, MD 660,000660.0k $72.9m $72.9m 2.68% Reduced -90.0k -90,000
7 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 543,766543.8k $60.0m $60.0m 0.04% Added +9.5k +9,519
8 Starr Indemnity & Liability Co 13.12% of their portfolio NEW YORK, NY 364,098364.1k $40.2m $40.2m 13.12% Unchanged
9 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 351,212351.2k $38.8m $38.8m 0.00% Added +177.9k +177,923
10 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 326,896326.9k $36.1m $36.1m 0.01% Added +13.4k +13,364
11 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 287,500287.5k $31.7m $31.7m 0.01% Reduced -10.3k -10,344
12 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 261,325261.3k $28.8m $28.8m 0.01% Added +23.0k +22,989
13 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 259,129259.1k $28.6m $28.6m 0.01% Added +2.4k +2,392
14 C V STARR & CO INC 11.59% of their portfolio NEW YORK, NY 227,427227.4k $25.1m $25.1m 11.59% Unchanged
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 224,151224.2k $24.7m $24.7m 0.00% Reduced -234.4k -234,403
16 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 215,275215.3k $23.8m $23.8m 0.01% Added +11.1k +11,070
17 Francis Financial, Inc. 3.05% of their portfolio NEW YORK, NY 155,178155.2k $17.1m $17.1m 3.05% Added +9.4k +9,381
18 Allworth Financial LP 0.08% of their portfolio FOLSOM, CA 154,973155.0k $17.1m $17.1m 0.08% Reduced -2.8k -2,768
19 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 148,817148.8k $16.4m $16.4m 0.02% Reduced -955 -955
20 OLD NATIONAL BANCORP /IN/ 0.28% of their portfolio EVANSVILLE, IN 147,115147.1k $16.2m $16.2m 0.28% Added +6.3k +6,348
21 D.A. DAVIDSON & CO. 0.09% of their portfolio GREAT FALLS, MT 128,221128.2k $14.2m $14.2m 0.09% Reduced -3.1k -3,075
22 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 122,856122.9k $13.6m $13.6m 0.02% Added +7.8k +7,750
23 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 122,432122.4k $13.5m $13.5m 0.02% Added +9.5k +9,539
24 EVERGREEN CAPITAL MANAGEMENT LLC 0.31% of their portfolio Bellevue, WA 118,959119.0k $13.1m $13.1m 0.31% Added +4.7k +4,678
25 Savant Capital, LLC 0.06% of their portfolio ROCKFORD, IL 95,16895.2k $10.5m $10.5m 0.06% Reduced -2.5k -2,469
26 Coign Capital Advisors LLC 5.76% of their portfolio Draper, UT 94,74394.7k $10.5m $10.5m 5.76% Reduced -8.0k -8,000
27 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 94,12694.1k $10.4m $10.4m 0.03% Reduced -12.7k -12,690
28 Bryant Woods Investment Advisors, LLC 3.62% of their portfolio GETZVILLE, NY 83,91083.9k $9.3m $9.3m 3.62% Added +3.3k +3,302
29 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 82,20182.2k $9.1m $9.1m 0.03% Reduced -686 -686
30 Lebenthal Global Advisors, LLC 1.51% of their portfolio Hauppauge, NY 78,12678.1k $8.6m $8.6m 1.51% Added +289 +289
31 ASSET PLANNING CORPORATION 4.07% of their portfolio KNOXVILLE, TN 77,67477.7k $8.6m $8.6m 4.07% Added +889 +889
32 RAELIPSKIE PARTNERSHIP 3.58% of their portfolio WATERLOO, A6 75,56575.6k $8.3m $8.3m 3.58% Reduced -2.0k -2,000
33 MONETA GROUP INVESTMENT ADVISORS LLC 0.06% of their portfolio ST LOUIS, MO 70,68370.7k $7.8m $7.8m 0.06% Added +9.9k +9,893
34 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 61,78761.8k $6.8m $6.8m 0.02% Reduced -1.5k -1,465
35 SENTINEL TRUST CO LBA 0.69% of their portfolio HOUSTON, TX 61,24761.2k $6.8m $6.8m 0.69% Reduced -453 -453
36 BROWN ADVISORY INC 0.01% of their portfolio BALTIMORE, MD 59,59759.6k $6.6m $6.6m 0.01% Reduced -347 -347
37 Soltis Investment Advisors LLC 0.43% of their portfolio ST. GEORGE, UT 56,23256.2k $6.2m $6.2m 0.43% Reduced -5.4k -5,447
38 STIFEL FINANCIAL CORP 0.01% of their portfolio ST. LOUIS, MO 54,80854.8k $6.0m $6.0m 0.01% Reduced -16.3k -16,272
39 Texas Capital Bank Wealth Management Services Inc 0.49% of their portfolio Dallas, TX 53,87053.9k $5.9m $5.9m 0.49% Reduced -391 -391
40 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 51,17751.2k $5.6m $5.6m 0.01% Reduced -265 -265
41 Checchi Capital Advisers, LLC 0.38% of their portfolio BEVERLY HILLS, CA 49,63549.6k $5.5m $5.5m 0.38% Added +5.6k +5,624
42 HARBOR ADVISORY CORP /MA/ 1.61% of their portfolio PORTSMOUTH, NH 49,44549.4k $5.5m $5.5m 1.61% Reduced -14 -14
43 Warwick Investment Management, Inc. 0.91% of their portfolio BRYAN, TX 47,26247.3k $5.2m $5.2m 0.91% Added +20.1k +20,095
44 HARBOUR INVESTMENTS, INC. 0.12% of their portfolio MADISON, WI 46,02646.0k $5.1m $5.1m 0.12% Added +3.6k +3,559
45 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 43,91643.9k $4.8m $4.8m 0.01% Reduced -44.0k -44,014
46 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 40,81140.8k $4.5m $4.5m 0.02% Reduced -1.9k -1,911
47 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 40,28440.3k $4.4m $4.4m 0.02% Reduced -1.5k -1,476
48 LEGACY SOLUTIONS, LLC 3.82% of their portfolio KENNETT SQUARE, PA 38,47838.5k $4.2m $4.2m 3.82% Added +153 +153
49 Mariner, LLC 0.01% of their portfolio Overland Park, KS 36,38136.4k $4.0m $4.0m 0.01% Reduced -329 -329
50 Coastline Trust Co 0.42% of their portfolio PROVIDENCE, RI 35,51635.5k $3.9m $3.9m 0.42% Reduced -157 -157
51 FIRST AMERICAN BANK 0.25% of their portfolio DUNDEE, IL 35,35535.4k $3.9m $3.9m 0.25% Added +185 +185
52 PHILLIPS FINANCIAL MANAGEMENT, LLC 0.25% of their portfolio FORT WAYNE, IN 33,81033.8k $3.7m $3.7m 0.25% Reduced -5.8k -5,785
53 MetLife Investment Management, LLC 0.02% of their portfolio Whippany, NJ 33,26433.3k $3.7m $3.7m 0.02% Unchanged
54 Atlas Legacy Advisors, LLC 0.70% of their portfolio LOS ANGELES, CA 32,78132.8k $3.6m $3.6m 0.70% Reduced -3.2k -3,222
55 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 32,18532.2k $3.6m $3.6m 0.00% Added +24 +24
56 Valmark Advisers, Inc. 0.05% of their portfolio AKRON, OH 31,90631.9k $3.5m $3.5m 0.05% Reduced -278 -278
57 Phoenix Financial Ltd. 0.02% of their portfolio Givatayim, L3 30,00030.0k $3.3m $3.3m 0.02% Added +15.0k +15,000
58 Keystone Financial Group 0.24% of their portfolio LEXINGTON, KY 28,68928.7k $3.2m $3.2m 0.24% Reduced -291 -291
59 Bedell Frazier Investment Counselling, LLC 0.59% of their portfolio Walnut Creek, CA 26,22326.2k $2.9m $2.9m 0.59% New
60 EQ LLC 0.92% of their portfolio BELLEVUE, WA 24,59424.6k $2.7m $2.7m 0.92% Added +849 +849
61 Fiduciary Trust Co 0.03% of their portfolio Boston, MA 22,92522.9k $2.5m $2.5m 0.03% Reduced -186 -186
62 Fairway Wealth LLC 0.71% of their portfolio INDEPENDENCE, OH 22,82722.8k $2.5m $2.5m 0.71% Added +5.2k +5,227
63 SpringVest Wealth Management LLC 1.81% of their portfolio DALLAS, TX 22,25722.3k $2.5m $2.5m 1.81% Reduced -197 -197
64 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 21,67021.7k $2.4m $2.4m 0.00% Added +1.3k +1,290
65 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 21,18121.2k $2.3m $2.3m 0.01% Reduced -2.7k -2,733
66 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 21,15021.1k $2.3m $2.3m 0.01% Reduced -1.7k -1,706
67 Waverly Advisors, LLC 0.02% of their portfolio BIRMINGHAM, AL 20,94020.9k $2.3m $2.3m 0.02% Unchanged
68 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 20,00020.0k $2.2m $2.2m 0.00% New
69 Marble Harbor Investment Counsel, LLC 0.23% of their portfolio BOSTON, MA 19,83019.8k $2.2m $2.2m 0.23% Unchanged
70 Valpey Financial Services, LLC 1.43% of their portfolio CONCORD, NH 19,77819.8k $2.2m $2.2m 1.43% Reduced -817 -817
71 Truepoint, Inc. 0.05% of their portfolio CINCINNATI, OH 18,20018.2k $2.0m $2.0m 0.05% Unchanged
72 Octavia Wealth Advisors, LLC 0.18% of their portfolio CINCINNATI, OH 16,34816.3k $1.8m $1.8m 0.18% Reduced -802 -802
73 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 15,47015.5k $1.7m $1.7m 0.00% Reduced -160 -160
74 Klingman & Associates, LLC 0.08% of their portfolio New York, NY 14,80714.8k $1.6m $1.6m 0.08% Unchanged
75 GREENLEAF TRUST 0.01% of their portfolio KALAMAZOO, MI 14,70714.7k $1.6m $1.6m 0.01% Reduced -427 -427
76 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 14,53014.5k $1.5m $1.5m 0.00% Added +7.3k +7,265
77 Gibraltar Capital Management, Inc. 0.28% of their portfolio TULSA, OK 13,92013.9k $1.5m $1.5m 0.28% Reduced -29.6k -29,610
78 Bleakley Financial Group, LLC 0.04% of their portfolio PARSIPPANY, NJ 13,91913.9k $1.5m $1.5m 0.04% Added +218 +218
79 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 13,76813.8k $1.5m $1.5m 0.01% Added +7.5k +7,505
80 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 13,70813.7k $1.5m $1.5m 0.01% Added +649 +649
81 Base Wealth Management LLC 0.86% of their portfolio LAKEWOOD RANCH, FL 13,67913.7k $1.5m $1.5m 0.86% Reduced -1.5k -1,513
82 HUNTINGTON NATIONAL BANK 0.01% of their portfolio COLUMBUS, OH 12,92812.9k $1.4m $1.4m 0.01% Reduced -972 -972
83 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 12,73912.7k $1.4m $1.4m 0.00% Added +1.7k +1,722
84 RWA WEALTH PARTNERS, LLC 0.02% of their portfolio BOSTON, MA 12,25212.3k $1.4m $1.4m 0.02% Unchanged
85 First Bancorp, Inc /ME/ 0.68% of their portfolio DAMARISCOTTA, ME 11,52811.5k $1.3m $1.3m 0.68% Added +41 +41
86 SITTNER & NELSON, LLC 0.44% of their portfolio EUGENE, OR 11,05011.1k $1.2m $1.2m 0.44% Unchanged
87 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 11,01911.0k $1.2m $1.2m 0.00% Added +181 +181
88 Ritter Daniher Financial Advisory LLC / DE 0.21% of their portfolio CINCINNATI, OH 10,85910.9k $1.2m $1.2m 0.21% Reduced -120 -120
89 Atria Investments, Inc 0.01% of their portfolio Charlotte, NC 10,84610.8k $1.2m $1.2m 0.01% Reduced -3 -3
90 WealthBridge Capital Management, LLC 0.28% of their portfolio WESTERVILLE, OH 10,84610.8k $1.2m $1.2m 0.28% Reduced -7 -7
91 Envision Financial Planning, LLC 0.50% of their portfolio MEMPHIS, TN 10,58010.6k $1.2m $1.2m 0.50% Added +1.3k +1,275
92 SAX WEALTH ADVISORS, LLC 0.06% of their portfolio PARSIPPANY, NJ 10,40710.4k $1.1m $1.1m 0.06% Reduced -392 -392
93 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 10,26910.3k $1.1m $1.1m 0.00% Added +1.7k +1,707
94 NAPLES GLOBAL ADVISORS, LLC 0.09% of their portfolio NAPLES, FL 10,16510.2k $1.1m $1.1m 0.09% Unchanged
95 PITCAIRN CO 0.09% of their portfolio CONSHOHOCKEN, PA 10,06010.1k $1.1m $1.1m 0.09% Unchanged
96 1834 INVESTMENT ADVISORS CO 0.14% of their portfolio Milwaukee, WI 10,03010.0k $1.1m $1.1m 0.14% Reduced -2.3k -2,317
97 Summit Financial Strategies, Inc. 0.09% of their portfolio Columbus, OH 9,95410.0k $1.1m $1.1m 0.09% Unchanged
98 Valeo Financial Advisors, LLC 0.02% of their portfolio CARMEL, IN 9,6919.7k $1.1m $1.1m 0.02% Reduced -3.0k -2,984
99 FMR LLC 0.00% of their portfolio BOSTON, MA 9,5419.5k $1.1m $1.1m 0.00% Added +227 +227
100 Zhang Financial LLC 0.04% of their portfolio PORTAGE, MI 9,4129.4k $1.0m $1.0m 0.04% Reduced -459 -459