Vault-13

VANGUARD WELLINGTON FD VTES

SHORT TRM TAX EX · ETP · CUSIP 921935870

191 institutional holders +34 vs Q1 2025
5,774,7505.8m shares reported held*
$584.0mreported value*
45 new 74 added 44 reduced 12 sold out net bought ≈ $238.6m (+2.4m 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. Holder counts are more reliable. Implied quarter-end price ≈ $101.12. Options: 0 managers hold calls (— notional), 2 hold puts ($69.0k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q1 23: 8Q2 23: 24Q3 23: 34Q4 23: 77Q1 24: 79Q2 24: 94Q3 24: 102Q4 24: 138Q1 25: 157Q2 25: 191191Q1 23Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 20238
Q2 202324
Q3 202334
Q4 202377
Q1 202479
Q2 202494
Q3 2024102
Q4 2024138
Q1 2025157
Q2 2025191

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 28 bought or addedQ3 23: 7 cut or sold outQ4 23: 63 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 53 bought or addedQ1 24: 26 cut or sold outQ2 24: 57 bought or addedQ2 24: 26 cut or sold outQ2 24Q3 24: 63 bought or addedQ3 24: 29 cut or sold outQ4 24: 87 bought or addedQ4 24: 28 cut or sold outQ4 24Q1 25: 106 bought or addedQ1 25: 34 cut or sold outQ2 25: 119 bought or addedQ2 25: 56 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023287
Q4 2023639
Q1 20245326
Q2 20245726
Q3 20246329
Q4 20248728
Q1 202510634
Q2 202511956

Calls vs puts

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

CallsPuts
$0$50k$100k$150kQ3 24 calls: $0Q3 24 puts: $80.0kQ3 24P/C —Q4 24 calls: $0Q4 24 puts: $131.0kQ4 24P/C —Q1 25 calls: $0Q1 25 puts: $91.0kQ1 25P/C —Q2 25 calls: $0Q2 25 puts: $69.0kQ2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$80.0k—
Q4 2024$0$131.0k—
Q1 2025$0$91.0k—
Q2 2025$0$69.0k—

Biggest buyers

MERCER GLOBAL ADVISORS INC /ADV Added +1,229,851+1.2m
Gleason Group, Inc. Added +258,486+258.5k
Karpus Management, Inc. Added +212,050+212.1k
ROYAL BANK OF CANADA Added +84,886+84.9k
BANK OF AMERICA CORP /DE/ Added +60,335+60.3k
Topsail Wealth Management, LLC New +51,100+51.1k
JANE STREET GROUP, LLC Added +50,378+50.4k
SEEDS INVESTOR LLC Added +38,512+38.5k
Cetera Investment Advisers Added +33,534+33.5k
Haven Private, LLC New +31,015+31.0k

Biggest sellers

San Luis Wealth Advisors LLC Reduced -79,077-79.1k
Focus Partners Advisor Solutions, LLC Sold out -49,152-49.2k
Corient Private Wealth LP Reduced -19,190-19.2k
TAGStone Capital, Inc. Reduced -11,312-11.3k
PrairieView Partners, LLC Reduced -11,296-11.3k
GenTrust, LLC Reduced -10,580-10.6k
Wescott Financial Advisory Group, LLC Reduced -10,221-10.2k
Beaird Harris Wealth Management, LLC Reduced -9,976-10.0k
Burton Enright Welch Reduced -9,748-9.7k
MAYPORT, LLC Reduced -8,319-8.3k

Biggest calls

None

Biggest puts

SIMPLEX TRADING, LLC Reduced $69.0k400 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MERCER GLOBAL ADVISORS INC /ADV 0.29% of their portfolio DENVER, CO 1,262,8471.3m $127.5m $127.5m 0.29% Added +1.2m +1,229,851
2 Wescott Financial Advisory Group, LLC 6.15% of their portfolio Philadelphia, PA 637,076637.1k $64.3m $64.3m 6.15% Reduced -10.2k -10,221
3 Gleason Group, Inc. 3.35% of their portfolio PROSPECT, KY 305,954306.0k $30.9m $30.9m 3.35% Added +258.5k +258,486
4 Karpus Management, Inc. 0.76% of their portfolio Pittsford, NY 232,100232.1k $23.4m $23.4m 0.76% Added +212.1k +212,050
5 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 220,608220.6k $22.3m $22.3m 0.00% Added +60.3k +60,335
6 SEEDS INVESTOR LLC 3.92% of their portfolio NEW YORK, NY 165,459165.5k $16.7m $16.7m 3.92% Added +38.5k +38,512
7 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 162,071162.1k $16.4m $16.4m 0.02% Reduced -19.2k -19,190
8 Beaird Harris Wealth Management, LLC 0.82% of their portfolio DALLAS, TX 105,511105.5k $10.6m $10.6m 0.82% Reduced -10.0k -9,976
9 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 103,246103.2k $10.4m $10.4m 0.02% Added +33.5k +33,534
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 100,144100.1k $10.1m $10.1m 0.02% Reduced -3.4k -3,437
11 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 90,08590.1k $9.1m $9.1m 0.01% Added +50.4k +50,378
12 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 86,67486.7k $8.7m $8.7m 0.00% Added +84.9k +84,886
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 82,23882.2k $8.3m $8.3m 0.00% Added +10.0k +10,015
14 Stonebridge Capital Advisors LLC 0.61% of their portfolio ST PAUL, MN 79,84179.8k $8.1m $8.1m 0.61% Added +3.2k +3,196
15 Capital Investment Services of America, Inc. 0.71% of their portfolio MILWAUKEE, WI 76,47076.5k $7.7m $7.7m 0.71% Reduced -4.3k -4,300
16 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 75,84875.8k $7.7m $7.7m 0.00% Added +26.0k +25,993
17 Hughes Financial Services, LLC 1.19% of their portfolio HERNDON, VA 68,43968.4k $6.9m $6.9m 1.19% Reduced -362 -362
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 65,35065.3k $6.6m $6.6m 0.00% Added +13.6k +13,567
19 Topsail Wealth Management, LLC 0.94% of their portfolio CHARLOTTE, NC 51,10051.1k $5.2m $5.2m 0.94% New
20 Legacy PCG, LLC 2.87% of their portfolio IRVINE, CA 44,41944.4k $4.5m $4.5m 2.87% Added +3.1k +3,113
21 Firestone Capital Management 1.02% of their portfolio SOUTH MIAMI, FL 42,86042.9k $4.3m $4.3m 1.02% Reduced -2.6k -2,645
22 Savant Capital, LLC 0.03% of their portfolio ROCKFORD, IL 40,49140.5k $4.1m $4.1m 0.03% Added +16.7k +16,664
23 Altiora Financial Group, LLC 0.77% of their portfolio LEBANON, OH 38,83138.8k $3.9m $3.9m 0.77% Reduced -3.3k -3,287
24 CREATIVE FINANCIAL DESIGNS INC /ADV 0.28% of their portfolio KOKOMO, IN 38,43838.4k $3.9m $3.9m 0.28% Added +5.5k +5,506
25 Ashton Thomas Private Wealth, LLC 0.13% of their portfolio SCOTTSDALE, AZ 35,59335.6k $3.6m $3.6m 0.13% Reduced -491 -491
26 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 34,96835.0k $3.5m $3.5m 0.00% Reduced -484 -484
27 ECLECTIC ASSOCIATES INC /ADV 0.74% of their portfolio FULLERTON, CA 33,92533.9k $3.4m $3.4m 0.74% Added +9.5k +9,506
28 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 33,72633.7k $3.4m $3.4m 0.00% Reduced -6.0k -5,982
29 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 33,31133.3k $3.4m $3.4m 0.04% Added +29.7k +29,690
30 UBS Group AG 0.00% of their portfolio ZURICH, V8 33,16333.2k $3.3m $3.3m 0.00% Added +26.5k +26,549
31 Haven Private, LLC 1.39% of their portfolio ORLANDO, FL 31,01531.0k $3.1m $3.1m 1.39% New
32 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 30,37130.4k $3.1m $3.1m 0.01% Added +8.6k +8,626
33 PrairieView Partners, LLC 0.29% of their portfolio ST. PAUL, MN 29,57229.6k $3.0m $3.0m 0.29% Reduced -11.3k -11,296
34 Sterling Financial Planning, Inc. 0.99% of their portfolio SPARTA, NJ 29,32629.3k $3.0m $3.0m 0.99% Added +902 +902
35 Dakota Wealth Management 0.06% of their portfolio PALM BEACH GARDENS, FL 29,20029.2k $2.9m $2.9m 0.06% Added +13.0k +13,000
36 BlueChip Wealth Advisors LLC 1.27% of their portfolio Milton, GA 28,30228.3k $2.9m $2.9m 1.27% Added +15.0k +14,983
37 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 28,27228.3k $2.9m $2.9m 0.00% Added +7.1k +7,095
38 Financial Engines Advisors L.L.C. 0.01% of their portfolio SANTA CLARA, CA 26,76326.8k $2.7m $2.7m 0.01% Reduced -1.6k -1,644
39 GENESIS PRIVATE WEALTH, LLC 1.27% of their portfolio ASHBURN, VA 26,71526.7k $2.7m $2.7m 1.27% Added +2.6k +2,584
40 Passive Capital Management, LLC. 0.82% of their portfolio BALTIMORE, MD 26,13126.1k $2.6m $2.6m 0.82% Added +957 +957
41 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 26,04226.0k $2.6m $2.6m 0.00% Added +22.0k +22,010
42 Beacon Bank & Trust 0.58% of their portfolio Boston, MA 25,10125.1k $2.5m $2.5m 0.58% Added +7.4k +7,408
43 Atria Investments, Inc 0.03% of their portfolio Charlotte, NC 24,92924.9k $2.5m $2.5m 0.03% Added +2.8k +2,786
44 Evanson Asset Management, LLC 0.16% of their portfolio CARMEL, CA 24,90524.9k $2.5m $2.5m 0.16% Added +86 +86
45 BROWN WEALTH MANAGEMENT, LLC 0.75% of their portfolio NAPERVILLE, IL 23,94823.9k $2.4m $2.4m 0.75% Added +21.3k +21,305
46 GenTrust, LLC 0.11% of their portfolio MIAMI, FL 23,58723.6k $2.4m $2.4m 0.11% Reduced -10.6k -10,580
47 Burton Enright Welch 0.40% of their portfolio WALNUT CREEK, CA 23,09523.1k $2.3m $2.3m 0.40% Reduced -9.7k -9,748
48 Aspire Private Capital, LLC 0.51% of their portfolio Cornelius, NC 21,78121.8k $2.2m $2.2m 0.51% Added +9.8k +9,805
49 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 21,75521.8k $2.2m $2.2m 0.00% Added +12.1k +12,148
50 Elequin Capital, LP 0.30% of their portfolio NEW YORK, NY 21,74321.7k $2.2m $2.2m 0.30% Added +21.2k +21,241
51 MAYPORT, LLC 0.50% of their portfolio NEWTON, MA 20,64920.6k $2.1m $2.1m 0.50% Reduced -8.3k -8,319
52 Bedel Financial Consulting, Inc. 0.28% of their portfolio INDIANAPOLIS, IN 20,54020.5k $2.1m $2.1m 0.28% New
53 Diversified Portfolios, Inc. 0.20% of their portfolio Bloomfield Hills, MI 20,50820.5k $2.1m $2.1m 0.20% Added +514 +514
54 Silver Oak Advisory Group, Inc. 0.97% of their portfolio PORTLAND, OR 19,92019.9k $2.0m $2.0m 0.97% Reduced -528 -528
55 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 18,50918.5k $1.9m $1.9m 0.00% New
56 Whitegate Investment Counselors, Inc. 0.60% of their portfolio CONCORD, NH 17,38017.4k $1.8m $1.8m 0.60% Reduced -3.8k -3,750
57 Haverford Trust Co 0.02% of their portfolio Radnor, PA 16,57616.6k $1.7m $1.7m 0.02% Reduced -1.5k -1,539
58 Graypoint LLC 0.09% of their portfolio Albany, NY 16,40016.4k $1.7m $1.7m 0.09% Unchanged
59 San Luis Wealth Advisors LLC 0.34% of their portfolio SAN LUIS OBISPO, CA 15,54815.5k $1.6m $1.6m 0.34% Reduced -79.1k -79,077
60 Gutierrez Wealth Advisory, LLC 1.04% of their portfolio LITTLE ROCK, AR 15,37615.4k $1.6m $1.6m 1.04% New
61 Kathleen S. Wright Associates Inc. 0.59% of their portfolio PITTSBURGH, PA 14,90014.9k $1.5m $1.5m 0.59% Added +5.1k +5,100
62 BURNEY CO/ 0.05% of their portfolio RESTON, VA 14,84314.8k $1.5m $1.5m 0.05% Added +12.2k +12,181
63 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 14,52014.5k $1.5m $1.5m 0.01% Reduced -3.7k -3,710
64 CARDIFF PARK ADVISORS, LLC 0.13% of their portfolio SAN MARCOS, CA 14,37614.4k $1.5m $1.5m 0.13% Unchanged
65 TAGStone Capital, Inc. 0.60% of their portfolio CHARLOTTE, NC 14,26414.3k $1.4m $1.4m 0.60% Reduced -11.3k -11,312
66 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 13,94013.9k $1.4m $1.4m 0.01% New
67 Laurel Wealth Advisors LLC 0.21% of their portfolio CHARLOTTE, NC 13,72313.7k $1.4m $1.4m 0.21% Added +504 +504
68 Single Point Partners, LLC 0.30% of their portfolio BOSTON, MA 13,70513.7k $1.4m $1.4m 0.30% Added +1.4k +1,436
69 Integrity Investment Advisors, LLC 1.04% of their portfolio FORT COLLINS, CO 13,42213.4k $1.4m $1.4m 1.04% Reduced -152 -152
70 DAYMARK WEALTH PARTNERS, LLC 0.05% of their portfolio CINCINNATI, OH 13,35013.3k $1.3m $1.3m 0.05% Added +391 +391
71 OneDigital Investment Advisors LLC 0.01% of their portfolio OVERLAND PARK, KS 13,29913.3k $1.3m $1.3m 0.01% Added +9.4k +9,426
72 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 13,16813.2k $1.3m $1.3m 0.01% Added +7.2k +7,233
73 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 13,10713.1k $1.3m $1.3m 0.00% Added +8.6k +8,626
74 Clearstead Advisors, LLC 0.02% of their portfolio CLEVELAND, OH 12,40412.4k $1.3m $1.3m 0.02% Added +7.1k +7,088
75 Arax Advisory Partners 0.06% of their portfolio NEW YORK, NY 12,27312.3k $1.2m $1.2m 0.06% New
76 Modern Wealth Management, LLC 0.03% of their portfolio KANSAS CITY, MO 12,07512.1k $1.2m $1.2m 0.03% Added +9.7k +9,650
77 SwitchPoint Financial Planning, LLC 0.98% of their portfolio LEHI, UT 11,89711.9k $1.2m $1.2m 0.98% Reduced -1.3k -1,291
78 Allodium Investment Consultants, LLC 0.73% of their portfolio MINNEAPOLIS, MN 11,49411.5k $1.2m $1.2m 0.73% Added +1.3k +1,277
79 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,11611.1k $1.1m $1.1m 0.00% New
80 BLAIR WILLIAM & CO/IL 0.00% of their portfolio CHICAGO, IL 11,01411.0k $1.1m $1.1m 0.00% New
81 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 10,79010.8k $1.1m $1.1m 0.00% Unchanged
82 KESTRA PRIVATE WEALTH SERVICES, LLC 0.02% of their portfolio AUSTIN, TX 10,75710.8k $1.1m $1.1m 0.02% Reduced -186 -186
83 C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.07% of their portfolio Westlake, OH 10,69510.7k $1.1m $1.1m 0.07% Added +1.2k +1,181
84 Planning Center, Inc. 0.12% of their portfolio MOLINE, IL 10,66410.7k $1.1m $1.1m 0.12% Reduced -155 -155
85 Bridgewealth Advisory Group, LLC 0.25% of their portfolio Fresno, CA 9,6829.7k $977.2k $977.2k 0.25% New
86 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 9,3779.4k $946.4k $946.4k 0.00% Added +3.3k +3,297
87 FLAGSHIP HARBOR ADVISORS, LLC 0.04% of their portfolio BOSTON, MA 9,3409.3k $942.7k $942.7k 0.04% New
88 Savvy Advisors, Inc. 0.06% of their portfolio NEW YORK, NY 9,2929.3k $937.8k $937.8k 0.06% Unchanged
89 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 9,2509.2k $933.6k $933.6k 0.03% New
90 EverSource Wealth Advisors, LLC 0.04% of their portfolio BIRMINGHAM, AL 8,9579.0k $904.0k $904.0k 0.04% Reduced -5.7k -5,667
91 Siligmueller & Norvid Wealth Advisors LLC 0.34% of their portfolio GLEN ELLYN, IL 8,6658.7k $875.3k $875.3k 0.34% Added +5.7k +5,745
92 Physician Wealth Solutions Inc. 0.38% of their portfolio NORTH LAS VEGAS, NV 8,1308.1k $820.6k $820.6k 0.38% New
93 HEADINVEST, LLC 0.17% of their portfolio Portland, ME 7,9347.9k $800.8k $800.8k 0.17% Unchanged
94 Alhambra Investment Management LLC 0.39% of their portfolio PALMETTO BAY, FL 7,8007.8k $787.3k $787.3k 0.39% Added +3.0k +3,000
95 Pillar Financial Advisors, LLC 0.52% of their portfolio LOUISVILLE, KY 7,5067.5k $757.6k $757.6k 0.52% Reduced -507 -507
96 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 7,2807.3k $734.8k $734.8k 0.01% Added +1.6k +1,615
97 Avior Wealth Management, LLC 0.03% of their portfolio OMAHA, NE 7,1907.2k $725.7k $725.7k 0.03% Added +1.1k +1,100
98 RCS Financial Planning, LLC 0.35% of their portfolio ANNAPOLIS, MD 6,9907.0k $705.5k $705.5k 0.35% Reduced -590 -590
99 EnRich Financial Partners LLC 0.22% of their portfolio MADISON, WI 6,9587.0k $702.3k $702.3k 0.22% Reduced -33 -33
100 JACOBSON & SCHMITT ADVISORS, LLC 0.12% of their portfolio MIDDLETON, WI 6,8076.8k $687.0k $687.0k 0.12% New