Vault-13

VANGUARD WELLINGTON FD VFMF

US MULTIFACTOR · ETP · CUSIP 921935607

77 institutional holders -1 vs Q2 2025
1,474,0051.5m shares reported held*
$212.6mreported value*
9 new 32 added 16 reduced 7 sold out net bought ≈ $25.5m (+177.0k 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 ($976.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $144.26.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 31Q4 22: 40Q1 23: 45Q2 23: 45Q3 23: 46Q4 23: 54Q1 24: 66Q2 24: 61Q3 24: 68Q4 24: 67Q1 25: 68Q2 25: 78Q3 25: 7777Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202231
Q4 202240
Q1 202345
Q2 202345
Q3 202346
Q4 202354
Q1 202466
Q2 202461
Q3 202468
Q4 202467
Q1 202568
Q2 202578
Q3 202577

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 22 bought or addedQ4 23: 18 cut or sold outQ1 24: 33 bought or addedQ1 24: 22 cut or sold outQ1 24Q2 24: 28 bought or addedQ2 24: 24 cut or sold outQ3 24: 36 bought or addedQ3 24: 21 cut or sold outQ3 24Q4 24: 34 bought or addedQ4 24: 22 cut or sold outQ1 25: 34 bought or addedQ1 25: 21 cut or sold outQ1 25Q2 25: 35 bought or addedQ2 25: 28 cut or sold outQ3 25: 41 bought or addedQ3 25: 23 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232218
Q1 20243322
Q2 20242824
Q3 20243621
Q4 20243422
Q1 20253421
Q2 20253528
Q3 20254123

Biggest buyers

BRASS TAX WEALTH MANAGEMENT, INC New +165,537+165.5k
LPL Financial LLC Added +8,097+8.1k
GREAT VALLEY ADVISOR GROUP, INC. Added +5,888+5.9k
BARON SILVER STEVENS FINANCIAL ADVISORS, LLC Added +5,060+5.1k
Focus Partners Advisor Solutions, LLC Added +4,843+4.8k
ANDERSON HOAGLAND & CO Added +4,145+4.1k
JANE STREET GROUP, LLC New +3,720+3.7k
TFB Advisors LLC Added +3,298+3.3k
RHS Financial, LLC Added +3,069+3.1k
Benson Investment Management Company, Inc. New +2,729+2.7k

Biggest sellers

ROYAL BANK OF CANADA Reduced -14,868-14.9k
CITADEL ADVISORS LLC Sold out -7,945-7.9k
OLD MISSION CAPITAL LLC Sold out -6,603-6.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -5,861-5.9k
ENVESTNET ASSET MANAGEMENT INC Reduced -4,360-4.4k
KESTRA PRIVATE WEALTH SERVICES, LLC Sold out -1,535-1.5k
Seed Wealth Management, Inc. Reduced -1,300-1.3k
Foundations Investment Advisors, LLC Reduced -841-841
Opus Capital Group, LLC Reduced -836-836
HALBERT HARGROVE GLOBAL ADVISORS, LLC Reduced -620-620

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ANDERSON HOAGLAND & CO 3.86% of their portfolio ST LOUIS, MO 298,366298.4k $43.0m $43.0m 3.86% Added +4.1k +4,145
2 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 175,522175.5k $25.3m $25.3m 0.01% Reduced -4.4k -4,360
3 BRASS TAX WEALTH MANAGEMENT, INC 3.97% of their portfolio CINCINNATI, OH 165,537165.5k $23.9m $23.9m 3.97% New
4 GREAT VALLEY ADVISOR GROUP, INC. 0.43% of their portfolio WILMINGTON, DE 149,267149.3k $21.5m $21.5m 0.43% Added +5.9k +5,888
5 Opus Capital Group, LLC 1.69% of their portfolio CINCINNATI, OH 104,479104.5k $15.1m $15.1m 1.69% Reduced -836 -836
6 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 62,59462.6k $9.0m $9.0m 0.02% Added +721 +721
7 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 59,16759.2k $8.5m $8.5m 0.00% Added +8.1k +8,097
8 UMB Bank, n.a. 0.11% of their portfolio Kansas City, MO 53,92953.9k $7.8m $7.8m 0.11% Added +51 +51
9 Geneos Wealth Management Inc. 0.15% of their portfolio ENGLEWOOD, CO 41,79741.8k $6.0m $6.0m 0.15% Added +960 +960
10 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 39,58739.6k $5.7m $5.7m 0.00% Added +2.5k +2,485
11 BARON SILVER STEVENS FINANCIAL ADVISORS, LLC 0.61% of their portfolio Boca Raton, FL 29,02929.0k $4.2m $4.2m 0.61% Added +5.1k +5,060
12 VICTORY FINANCIAL GROUP, LLC 0.42% of their portfolio AUSTIN, TX 21,05821.1k $3.0m $3.0m 0.42% Added +250 +250
13 Partners in Financial Planning 0.50% of their portfolio SALEM, VA 19,91719.9k $2.9m $2.9m 0.50% Reduced -102 -102
14 Walkner Condon Financial Advisors LLC 0.39% of their portfolio MADISON, WI 17,22317.2k $2.5m $2.5m 0.39% Added +133 +133
15 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 16,88016.9k $2.4m $2.4m 0.00% Added +1.3k +1,287
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 15,63015.6k $2.3m $2.3m 0.00% Reduced -14.9k -14,868
17 HALBERT HARGROVE GLOBAL ADVISORS, LLC 0.11% of their portfolio LONG BEACH, CA 15,34915.3k $2.2m $2.2m 0.11% Reduced -620 -620
18 TFB Advisors LLC 0.56% of their portfolio OVERLAND PARK, KS 13,44513.4k $1.9m $1.9m 0.56% Added +3.3k +3,298
19 BARNES PETTEY FINANCIAL ADVISORS, LLC 1.04% of their portfolio CLARKSDALE, MS 13,17213.2k $1.9m $1.9m 1.04% Added +213 +213
20 Onyx Bridge Wealth Group LLC 0.20% of their portfolio TARRYTOWN, NY 12,68912.7k $1.8m $1.8m 0.20% Added +81 +81
21 Cedar Point Capital Partners, LLC 1.14% of their portfolio Cedar Rapids, IA 12,05912.1k $1.7m $1.7m 1.14% Added +169 +169
22 Focus Partners Advisor Solutions, LLC 0.02% of their portfolio SAINT LOUIS, MO 9,7559.8k $1.4m $1.4m 0.02% Added +4.8k +4,843
23 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 9,4949.5k $1.4m $1.4m 0.00% Reduced -180 -180
24 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 8,4088.4k $1.2m $1.2m 0.00% Unchanged
25 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 7,9998.0k $1.2m $1.2m 0.00% Added +1.2k +1,234
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,8207.8k $1.1m $1.1m 0.00% Added +467 +467
27 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,4367.4k $1.1m $1.1m 0.00% Added +102 +102
28 Apollon Wealth Management, LLC 0.02% of their portfolio MOUNT PLEASANT, SC 6,8556.9k $989.0k $989.0k 0.02% Added +13 +13
29 Seed Wealth Management, Inc. 0.66% of their portfolio EVANSTON, IL 6,6506.7k $959.4k $959.4k 0.66% Reduced -1.3k -1,300
30 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 6,5196.5k $940.5k $940.5k 0.00% Reduced -12 -12
31 Clark Asset Management, LLC 0.11% of their portfolio STRATHAM, NH 6,2986.3k $908.6k $908.6k 0.11% Added +76 +76
32 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.02% of their portfolio LOS ANGELES, CA 6,0886.1k $878.3k $878.3k 0.02% Added +675 +675
33 RHS Financial, LLC 0.35% of their portfolio SAN FRANCISCO, CA 4,6714.7k $673.9k $673.9k 0.35% Added +3.1k +3,069
34 BridgePort Financial Solutions, LLC 0.17% of their portfolio FAIRFIELD, IA 4,4114.4k $636.4k $636.4k 0.17% Added +248 +248
35 Physician Wealth Advisors, Inc. 0.08% of their portfolio MIDVALE, UT 3,8773.9k $559.3k $559.3k 0.08% Reduced -156 -156
36 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 3,7203.7k $536.7k $536.7k 0.00% New
37 Benson Investment Management Company, Inc. 0.13% of their portfolio Roanoke, VA 2,7292.7k $393.7k $393.7k 0.13% New
38 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 2,5492.5k $368.0k $368.0k 0.02% Added +315 +315
39 CARY STREET PARTNERS FINANCIAL LLC 0.01% of their portfolio RICHMOND, VA 2,5002.5k $360.7k $360.7k 0.01% Unchanged
40 Foundations Investment Advisors, LLC 0.01% of their portfolio PHOENIX, AZ 2,4622.5k $355.2k $355.2k 0.01% Reduced -841 -841
41 COWA, LLC 0.11% of their portfolio Tulsa, OK 2,3732.4k $342.4k $342.4k 0.11% Unchanged
42 First Citizens Financial Corp 0.16% of their portfolio MASON CITY, IA 2,2332.2k $322.2k $322.2k 0.16% Reduced -15 -15
43 Cassia Capital Partners, LLC 0.17% of their portfolio WINSTON SALEM, NC 2,1832.2k $314.9k $314.9k 0.17% Added +46 +46
44 CALTON & ASSOCIATES, INC. 0.05% of their portfolio Tampa, FL 2,1562.2k $311.1k $311.1k 0.05% New
45 Cherry Tree Wealth Management, LLC 0.06% of their portfolio MINNETONKA, MN 2,0032.0k $289.0k $289.0k 0.06% Reduced -80 -80
46 Modera Wealth Management, LLC 0.00% of their portfolio WESTWOOD, NJ 1,9552.0k $282.1k $282.1k 0.00% Unchanged
47 Dynamic Advisor Solutions LLC 0.01% of their portfolio PHOENIX, AZ 1,8861.9k $272.2k $272.2k 0.01% Reduced -150 -150
48 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 1,7881.8k $258.0k $258.0k 0.01% Unchanged
49 TITLEIST ASSET MANAGEMENT, LLC 0.02% of their portfolio SAN ANTONIO, TX 1,6431.6k $237.1k $237.1k 0.02% New
50 STUDIO INVESTMENT MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 1,5991.6k $230.7k $230.7k 0.04% New
51 World Investment Advisors 0.00% of their portfolio LINCROFT, NJ 1,5851.6k $228.7k $228.7k 0.00% Reduced -137 -137
52 Harbor Asset Planning, Inc. 0.20% of their portfolio BELMONT, MA 1,5381.5k $221.9k $221.9k 0.20% Added +5 +5
53 Savvy Advisors, Inc. 0.01% of their portfolio NEW YORK, NY 1,4891.5k $214.8k $214.8k 0.01% Unchanged
54 Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio BERWYN, PA 1,4211.4k $205.0k $205.0k 0.00% New
55 Parkside Financial Bank & Trust 0.01% of their portfolio SAINT LOUIS, MO 1,2721.3k $183.5k $183.5k 0.01% Unchanged
56 LRI Investments, LLC 0.01% of their portfolio PALM BEACH GARDENS, FL 1,1121.1k $160.4k $160.4k 0.01% Added +45 +45
57 TFC Financial Management, Inc. 0.02% of their portfolio BOSTON, MA 979979 $141.2k $141.2k 0.02% Unchanged
58 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 886886 $127.8k $127.8k 0.00% Unchanged
59 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 500500 $72.1k $72.1k 0.00% Unchanged
60 Ameritas Advisory Services, LLC 0.00% of their portfolio Lincoln, NE 442442 $63.8k $63.8k 0.00% Unchanged
61 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 386386 $55.7k $55.7k 0.00% New
62 Strategic Wealth Partners, Ltd. 0.00% of their portfolio INDEPENDENCE, OH 339339 $48.9k $48.9k 0.00% Unchanged
63 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 300300 $43.3k $43.3k 0.00% Unchanged
64 Tidemark, LLC 0.01% of their portfolio SAN DIEGO, CA 289289 $41.7k $41.7k 0.01% Unchanged
65 JNBA Financial Advisors 0.00% of their portfolio BLOOMINGTON, MN 230230 $33.1k $33.1k 0.00% Added +1 +1
66 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 215215 $31.0k $31.0k 0.00% Unchanged
67 Glass Jacobson Investment Advisors llc 0.01% of their portfolio OWINGS MILLS, MD 211211 $30.4k $30.4k 0.01% Added +1 +1
68 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 203203 $29.4k $29.4k 0.00% Unchanged
69 McIlrath & Eck, LLC 0.00% of their portfolio ARLINGTON, WA 201201 $29.0k $29.0k 0.00% Unchanged
70 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 150150 $21.6k $21.6k 0.00% Unchanged
71 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 102102 $14.7k $14.7k 0.00% Unchanged
72 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 100100 $14.4k $14.4k 0.00% Unchanged
73 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 4444 $6.3k $6.3k 0.00% Added +1 +1
74 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 99 $1.3k $1.3k 0.00% Reduced -267 -267
75 Ritter Daniher Financial Advisory LLC / DE 0.00% of their portfolio CINCINNATI, OH 99 $1.3k $1.3k 0.00% Added +2 +2
76 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $89 $89 0.00% Reduced -214 -214
77 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11 $144 $144 0.00% New