Vault-13

VANGUARD WELLINGTON FD VFMO

US MOMENTUM · ETP · CUSIP 921935508

197 institutional holders +26 vs Q1 2026
3,695,6293.7m shares reported held*
$921.6mreported value*
41 new 81 added 39 reduced 13 sold out net bought ≈ $97.1m (+389.8k 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 ($39.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $249.38. Options: 2 managers hold calls ($598.8k notional), 2 hold puts ($449.1k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 43Q4 22: 56Q1 23: 58Q2 23: 64Q3 23: 64Q4 23: 65Q1 24: 82Q2 24: 91Q3 24: 103Q4 24: 127Q1 25: 141Q2 25: 140Q3 25: 140Q4 25: 161Q1 26: 171Q2 26: 197197Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202243
Q4 202256
Q1 202358
Q2 202364
Q3 202364
Q4 202365
Q1 202482
Q2 202491
Q3 2024103
Q4 2024127
Q1 2025141
Q2 2025140
Q3 2025140
Q4 2025161
Q1 2026171
Q2 2026197

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 24: 51 bought or addedQ3 24: 39 cut or sold outQ4 24: 69 bought or addedQ4 24: 32 cut or sold outQ4 24Q1 25: 88 bought or addedQ1 25: 41 cut or sold outQ2 25: 69 bought or addedQ2 25: 60 cut or sold outQ2 25Q3 25: 77 bought or addedQ3 25: 50 cut or sold outQ4 25: 84 bought or addedQ4 25: 46 cut or sold outQ4 25Q1 26: 100 bought or addedQ1 26: 51 cut or sold outQ2 26: 122 bought or addedQ2 26: 52 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245139
Q4 20246932
Q1 20258841
Q2 20256960
Q3 20257750
Q4 20258446
Q1 202610051
Q2 202612252

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $1.5mQ1 26 puts: $611.0kQ1 26P/C 0.40Q2 26 calls: $598.8kQ2 26 puts: $449.1kQ2 26P/C 0.75
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$1.5m$611.0k0.40
Q2 2026$598.8k$449.1k0.75

Biggest buyers

Cambridge Investment Research Advisors, Inc. Added +77,363+77.4k
TWO SIGMA INVESTMENTS, LP New +65,700+65.7k
OPPENHEIMER & CO INC New +40,457+40.5k
RITHOLTZ WEALTH MANAGEMENT Added +30,444+30.4k
Thrivent Financial for Lutherans New +30,305+30.3k
BANK OF AMERICA CORP /DE/ Added +27,625+27.6k
Mariner, LLC Added +25,950+25.9k
Cetera Investment Advisers Added +24,129+24.1k
BUILDER INVESTMENT GROUP INC /ADV Added +21,772+21.8k
LPL Financial LLC Added +19,725+19.7k

Biggest sellers

CABOT WEALTH MANAGEMENT INC Reduced -67,238-67.2k
Strategic Financial Services, Inc. Reduced -11,882-11.9k
Systelligence, LLC Reduced -9,563-9.6k
Redhawk Wealth Advisors, Inc. Reduced -9,159-9.2k
Stratos Wealth Advisors, LLC Reduced -7,800-7.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -7,715-7.7k
Elevation Capital Advisory, LLC Sold out -5,679-5.7k
Merit Financial Group, LLC Reduced -5,543-5.5k
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management Reduced -5,192-5.2k
ANDERSON HOAGLAND & CO Reduced -4,361-4.4k

Biggest calls

Belvedere Trading LLC Reduced $349.3k1.4k shares
JANE STREET GROUP, LLC Reduced $249.5k1.0k shares

Biggest puts

JANE STREET GROUP, LLC Reduced $324.4k1.3k shares
Belvedere Trading LLC Reduced $124.8k500 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 RITHOLTZ WEALTH MANAGEMENT 2.75% of their portfolio NEW YORK, NY 737,643737.6k $184.0m $184.0m 2.75% Added +30.4k +30,444
2 Strategic Financial Services, Inc. 2.99% of their portfolio UTICA, NY 273,656273.7k $68.3m $68.3m 2.99% Reduced -11.9k -11,882
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 171,600171.6k $42.8m $42.8m 0.01% Added +19.7k +19,725
4 GREAT VALLEY ADVISOR GROUP, INC. 0.65% of their portfolio WILMINGTON, DE 165,303165.3k $41.2m $41.2m 0.65% Added +4.7k +4,656
5 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 156,997157.0k $39.2m $39.2m 0.01% Added +7.0k +6,962
6 DAVIDSON INVESTMENT ADVISORS 1.59% of their portfolio GREAT FALLS, MT 156,341156.3k $39.0m $39.0m 1.59% Added +2.8k +2,823
7 Cambridge Investment Research Advisors, Inc. 0.03% of their portfolio FAIRFIELD, IA 121,540121.5k $30.3m $30.3m 0.03% Added +77.4k +77,363
8 ANDERSON HOAGLAND & CO 2.15% of their portfolio ST LOUIS, MO 109,865109.9k $27.4m $27.4m 2.15% Reduced -4.4k -4,361
9 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.38% of their portfolio Seattle, WA 104,019104.0k $26.0m $26.0m 0.38% Reduced -5.2k -5,192
10 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 99,59799.6k $24.9m $24.9m 0.02% Added +24.1k +24,129
11 Systelligence, LLC 3.90% of their portfolio BLOOMINGTON, MN 93,48593.5k $23.3m $23.3m 3.90% Reduced -9.6k -9,563
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 84,13384.1k $21.0m $21.0m 0.00% Reduced -7.7k -7,715
13 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 65,70065.7k $16.4m $16.4m 0.01% New
14 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 61,02461.0k $15.2m $15.2m 0.00% Added +27.6k +27,625
15 UBS Group AG 0.00% of their portfolio ZURICH, V8 57,66157.7k $14.4m $14.4m 0.00% Added +14.3k +14,332
16 WIN ADVISORS, INC 4.76% of their portfolio PALM BEACH GARDENS, FL 53,52153.5k $13.4m $13.4m 4.76% Reduced -2.0k -2,028
17 Financial Partners Group, Inc 1.35% of their portfolio Overland Park, KS 53,31553.3k $13.3m $13.3m 1.35% Added +540 +540
18 CABOT WEALTH MANAGEMENT INC 1.28% of their portfolio BEVERLY, MA 50,28450.3k $12.5m $12.5m 1.28% Reduced -67.2k -67,238
19 Armbruster Capital Management, Inc. 1.77% of their portfolio PITTSFORD, NY 47,51647.5k $11.9m $11.9m 1.77% Reduced -2.1k -2,100
20 &PARTNERS 0.04% of their portfolio NASHVILLE, TN 40,95241.0k $10.2m $10.2m 0.04% Added +1.5k +1,541
21 NewEdge Advisors, LLC 0.03% of their portfolio NEW ORLEANS, LA 40,94640.9k $10.2m $10.2m 0.03% Added +3.5k +3,473
22 OPPENHEIMER & CO INC 0.11% of their portfolio NEW YORK, NY 40,45740.5k $10.1m $10.1m 0.11% New
23 Mariner, LLC 0.01% of their portfolio Overland Park, KS 39,42039.4k $9.8m $9.8m 0.01% Added +25.9k +25,950
24 BUILDER INVESTMENT GROUP INC /ADV 1.67% of their portfolio ATLANTA, GA 33,69033.7k $8.4m $8.4m 1.67% Added +21.8k +21,772
25 Hobart Private Capital, LLC 1.38% of their portfolio CHARLOTTE, NC 32,33832.3k $8.1m $8.1m 1.38% Added +292 +292
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 32,29732.3k $8.1m $8.1m 0.00% Added +11.5k +11,479
27 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 31,63031.6k $7.9m $7.9m 0.04% Added +1.5k +1,463
28 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 30,30530.3k $7.6m $7.6m 0.01% New
29 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 29,87029.9k $7.5m $7.5m 0.01% Added +6.0k +6,026
30 LINCOLN CAPITAL CORP 2.15% of their portfolio EAST GREENWICH, RI 26,57126.6k $6.6m $6.6m 2.15% Added +860 +860
31 Financial Freedom, LLC 2.42% of their portfolio CINCINNATI, OH 21,09121.1k $5.3m $5.3m 2.42% Added +1.9k +1,862
32 Merit Financial Group, LLC 0.03% of their portfolio ALPHARETTA, GA 21,01321.0k $5.2m $5.2m 0.03% Reduced -5.5k -5,543
33 Betterment LLC 0.01% of their portfolio NEW YORK, NY 20,69520.7k $5.2m $5.2m 0.01% Added +114 +114
34 Stratos Wealth Advisors, LLC 0.27% of their portfolio BEACHWOOD, OH 19,57119.6k $4.9m $4.9m 0.27% Reduced -7.8k -7,800
35 UMB Bank, n.a. 0.06% of their portfolio Kansas City, MO 19,35619.4k $4.8m $4.8m 0.06% Reduced -122 -122
36 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 19,27019.3k $4.8m $4.8m 0.02% Added +5.6k +5,579
37 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 18,87618.9k $4.7m $4.7m 0.01% Added +2.8k +2,803
38 WEDBUSH SECURITIES INC 0.12% of their portfolio PASADENA, CA 17,87317.9k $4.5m $4.5m 0.12% Added +3.7k +3,729
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 17,84617.8k $4.5m $4.5m 0.00% New
40 Wilkins Miller Wealth Management, LLC 2.03% of their portfolio MOBILE, AL 14,80014.8k $3.7m $3.7m 2.03% Added +558 +558
41 Fortis Group Advisors, LLC 0.59% of their portfolio WESTWOOD, NJ 14,72214.7k $3.7m $3.7m 0.59% New
42 Redhawk Wealth Advisors, Inc. 0.32% of their portfolio MINNEAPOLIS, MN 12,85312.9k $3.2m $3.2m 0.32% Reduced -9.2k -9,159
43 Compass Ion Advisors, LLC 0.26% of their portfolio CONSHOHOCKEN, PA 12,17012.2k $3.0m $3.0m 0.26% Added +1.8k +1,802
44 Nova R Wealth, Inc. 0.87% of their portfolio OVERLAND PARK, KS 11,92011.9k $3.0m $3.0m 0.87% Reduced -117 -117
45 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 11,14711.1k $2.8m $2.8m 0.02% Reduced -3.6k -3,626
46 IEQ CAPITAL, LLC 0.01% of their portfolio Foster City, CA 11,11611.1k $2.8m $2.8m 0.01% Added +1.0k +1,030
47 Archford Capital Strategies, LLC 0.26% of their portfolio SWANSEA, IL 10,40910.4k $2.6m $2.6m 0.26% Added +1.2k +1,205
48 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 10,34110.3k $2.6m $2.6m 0.00% Added +178 +178
49 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.14% of their portfolio ORLANDO, FL 9,7839.8k $2.4m $2.4m 0.14% Added +435 +435
50 Aspect Partners, LLC 0.87% of their portfolio FAIRFAX, VA 9,3319.3k $2.3m $2.3m 0.87% Reduced -492 -492
51 Caitlin John, LLC 1.21% of their portfolio BRIGHTON, MI 8,8118.8k $2.2m $2.2m 1.21% Added +595 +595
52 MY Wealth Management Inc. 1.53% of their portfolio GERMANTOWN, MD 8,7178.7k $2.2m $2.2m 1.53% New
53 Valued Retirements, Inc. 1.82% of their portfolio HOUSTON, TX 8,1158.1k $2.0m $2.0m 1.82% Reduced -512 -512
54 THOROUGHBRED FINANCIAL SERVICES, LLC 0.10% of their portfolio BRENTWOOD, TN 8,0368.0k $2.0m $2.0m 0.10% Added +237 +237
55 IAM Advisory, LLC 0.39% of their portfolio EASTON, PA 7,9277.9k $2.0m $2.0m 0.39% Reduced -192 -192
56 PFG Advisors 0.10% of their portfolio Phoenix, AZ 7,6807.7k $1.9m $1.9m 0.10% Added +747 +747
57 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 7,5677.6k $1.9m $1.9m 0.00% Added +2.6k +2,573
58 Blom & Howell Financial Planning, Inc. 1.56% of their portfolio MODESTO, CA 7,5187.5k $1.9m $1.9m 1.56% Added +493 +493
59 TFB Advisors LLC 0.82% of their portfolio OVERLAND PARK, KS 7,4347.4k $1.9m $1.9m 0.82% Added +509 +509
60 BLB&B Advisors, LLC 0.07% of their portfolio MONTGOMERYVILLE, PA 7,2507.2k $1.8m $1.8m 0.07% Unchanged
61 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 7,2487.2k $1.8m $1.8m 0.01% Added +1.3k +1,270
62 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 6,8316.8k $1.7m $1.7m 0.00% Reduced -340 -340
63 BENJAMIN EDWARDS INC 0.01% of their portfolio Clayton, MO 6,3726.4k $1.6m $1.6m 0.01% Added +2.8k +2,808
64 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 6,2486.2k $1.6m $1.6m 0.00% New
65 Clearstead Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 5,9996.0k $1.5m $1.5m 0.01% Added +125 +125
66 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 5,8815.9k $1.5m $1.5m 0.00% Unchanged
67 Wealth High Governance Asset Management Ltda. 0.15% of their portfolio SAO PAULO, D5 5,8025.8k $1.4m $1.4m 0.15% New
68 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 5,7395.7k $1.4m $1.4m 0.00% Added +5 +5
69 Madison Wealth Partners, Inc 0.17% of their portfolio MADISON, WI 5,3615.4k $1.3m $1.3m 0.17% New
70 Focus Partners Advisor Solutions, LLC 0.01% of their portfolio SAINT LOUIS, MO 5,1735.2k $1.3m $1.3m 0.01% Reduced -502 -502
71 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 5,1665.2k $1.3m $1.3m 0.01% Added +441 +441
72 Odyssey Capital Advisors, Inc. 0.87% of their portfolio BALA CYNWYD, PA 4,8694.9k $1.2m $1.2m 0.87% Reduced -149 -149
73 HARBOUR INVESTMENTS, INC. 0.02% of their portfolio MADISON, WI 4,8024.8k $1.2m $1.2m 0.02% Added +408 +408
74 WealthCare Investment Partners, LLC 0.28% of their portfolio PORTSMOUTH, RI 4,6954.7k $1.2m $1.2m 0.28% Added +2.5k +2,514
75 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 4,6944.7k $1.2m $1.2m 0.01% Added +535 +535
76 Ethos Financial Group, LLC 0.07% of their portfolio KING OF PRUSSIA, PA 4,5954.6k $986.3k $986.3k 0.07% New
77 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 4,5924.6k $1.1m $1.1m 0.02% First filing
78 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 3,9263.9k $979.4k $979.4k 0.01% Added +1.5k +1,507
79 Kathmere Capital Management, LLC 0.05% of their portfolio WAYNE, PA 3,8423.8k $958.6k $958.6k 0.05% Unchanged
80 SAGESPRING WEALTH PARTNERS, LLC 0.01% of their portfolio FRANKLIN, TN 3,7803.8k $943.0k $943.0k 0.01% Added +276 +276
81 Redwood Family Wealth LLC 0.82% of their portfolio ADDISON, TX 3,6993.7k $922.9k $922.9k 0.82% Reduced -51 -51
82 IFP Advisors, Inc 0.02% of their portfolio TAMPA, FL 3,6303.6k $905.7k $905.7k 0.02% Added +3.5k +3,525
83 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 3,5603.6k $888.2k $888.2k 0.01% Reduced -140 -140
84 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 3,5093.5k $875.5k $875.5k 0.02% Reduced -108 -108
85 Belpointe Asset Management LLC 0.03% of their portfolio RENO, NV 3,5013.5k $873.7k $873.7k 0.03% Added +13 +13
86 Diversify Advisory Services, LLC 0.01% of their portfolio SANDY, UT 3,4793.5k $786.8k $786.8k 0.01% New
87 DIVERSIFY WEALTH MANAGEMENT, LLC 0.01% of their portfolio SANDY, UT 3,4793.5k $786.8k $786.8k 0.01% Added +15 +15
88 Harbor Asset Planning, Inc. 0.65% of their portfolio BELMONT, MA 3,4553.5k $862.0k $862.0k 0.65% Added +1.0k +1,039
89 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 3,4093.4k $850.6k $850.6k 0.01% Added +511 +511
90 United Advisor Group, LLC 0.09% of their portfolio CINCINNATI, OH 3,3033.3k $824.1k $824.1k 0.09% Unchanged
91 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 3,2703.3k $815.8k $815.8k 0.01% Added +5 +5
92 SMITH, MOORE & CO. 0.05% of their portfolio CLAYTON, MO 3,2693.3k $815.6k $815.6k 0.05% Reduced -113 -113
93 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 3,2443.2k $809.0k $809.0k 0.00% Reduced -1.4k -1,369
94 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 3,1893.2k $795.8k $795.8k 0.00% Added +374 +374
95 Breakwater Capital Group 0.09% of their portfolio PARAMUS, NJ 3,1123.1k $776.5k $776.5k 0.09% Reduced -638 -638
96 LAZARI CAPITAL MANAGEMENT, INC. 0.24% of their portfolio WOODLAND HILLS, CA 3,0843.1k $769.4k $769.4k 0.24% Added +1 +1
97 Virtus Family Office LLC 0.60% of their portfolio EL PASO, TX 3,0323.0k $756.5k $756.5k 0.60% Added +672 +672
98 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,0143.0k $752.0k $752.0k 0.00% Reduced -169 -169
99 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,7732.8k $691.9k $691.9k 0.00% Added +354 +354
100 FIDUCIARY FINANCIAL ADVISORS 0.07% of their portfolio GRAND RAPIDS, MI 2,7422.7k $684.5k $684.5k 0.07% New