Vault-13

VANGUARD TAX-MANAGED FDS VEA

VAN FTSE DEV MKT · ETP · CUSIP 921943858

2,996 institutional holders +85 vs Q1 2026
2,403,444,0682.4bn shares reported held*
$171.6bnreported value*
165 new 1,471 added 995 reduced 82 sold out net bought ≈ $1.3bn (+6.5m 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 ($381.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $71.40. Options: 6 managers hold calls ($52.4m notional), 7 hold puts ($25.2m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,727Q4 22: 1,857Q1 23: 1,885Q2 23: 1,936Q3 23: 1,939Q4 23: 2,129Q1 24: 2,153Q2 24: 2,164Q3 24: 2,212Q4 24: 2,410Q1 25: 2,475Q2 25: 2,550Q3 25: 2,571Q4 25: 2,829Q1 26: 2,911Q2 26: 2,9962,996Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20221,727
Q4 20221,857
Q1 20231,885
Q2 20231,936
Q3 20231,939
Q4 20232,129
Q1 20242,153
Q2 20242,164
Q3 20242,212
Q4 20242,410
Q1 20252,475
Q2 20252,550
Q3 20252,571
Q4 20252,829
Q1 20262,911
Q2 20262,996

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ3 24: 1,162 bought or addedQ3 24: 854 cut or sold outQ4 24: 1,293 bought or addedQ4 24: 760 cut or sold outQ4 24Q1 25: 1,308 bought or addedQ1 25: 994 cut or sold outQ2 25: 1,370 bought or addedQ2 25: 974 cut or sold outQ2 25Q3 25: 1,421 bought or addedQ3 25: 881 cut or sold outQ4 25: 1,510 bought or addedQ4 25: 845 cut or sold outQ4 25Q1 26: 1,592 bought or addedQ1 26: 1,053 cut or sold outQ2 26: 1,636 bought or addedQ2 26: 1,077 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241,162854
Q4 20241,293760
Q1 20251,308994
Q2 20251,370974
Q3 20251,421881
Q4 20251,510845
Q1 20261,5921,053
Q2 20261,6361,077

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 25 calls: $12.5mQ3 25 puts: $9.1mQ3 25P/C 0.73Q4 25 calls: $38.0mQ4 25 puts: $5.8mQ4 25P/C 0.15Q1 26 calls: $55.1mQ1 26 puts: $42.0mQ1 26P/C 0.76Q2 26 calls: $52.4mQ2 26 puts: $25.2mQ2 26P/C 0.48
Numbers
QuarterCallsPutsP/C
Q3 2025$12.5m$9.1m0.73
Q4 2025$38.0m$5.8m0.15
Q1 2026$55.1m$42.0m0.76
Q2 2026$52.4m$25.2m0.48

Biggest buyers

GOLDMAN SACHS GROUP INC Added +4,745,816+4.7m
Cambridge Investment Research Advisors, Inc. Added +4,565,843+4.6m
Savant Capital, LLC Added +4,423,680+4.4m
Focus Partners Wealth Added +3,631,016+3.6m
BANK OF AMERICA CORP /DE/ Added +2,941,071+2.9m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +2,675,380+2.7m
MAI Capital Management Added +2,419,183+2.4m
ENVESTNET ASSET MANAGEMENT INC Added +2,039,805+2.0m
JONES FINANCIAL COMPANIES LLLP Added +1,821,641+1.8m
CIBC Bancorp USA Inc. Added +1,565,201+1.6m

Biggest sellers

Gallagher Fiduciary Advisors, LLC Reduced -11,938,021-11.9m
MORGAN STANLEY Reduced -11,128,021-11.1m
Jasper Ridge Partners, L.P. Reduced -5,147,666-5.1m
Corient Private Wealth LP Reduced -3,506,619-3.5m
Creative Planning Reduced -3,436,418-3.4m
WELLS FARGO & COMPANY/MN Reduced -3,390,480-3.4m
SBI Okasan Asset Management Co.Ltd. Reduced -2,486,207-2.5m
EVOKE WEALTH, LLC Sold out -2,257,880-2.3m
Nearwater Capital Markets, Ltd Sold out -2,227,000-2.2m
JANE STREET GROUP, LLC Reduced -1,943,272-1.9m

Biggest calls

Point72 Asset Management, L.P. Added $16.5m231.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.4m159.9k shares
Twin Tree Management, LP New $8.0m112.5k shares
Tidal Investments LLC Reduced $7.6m106.7k shares
CITADEL ADVISORS LLC Reduced $6.7m94.3k shares
JANE STREET GROUP, LLC Reduced $2.2m30.3k shares

Biggest puts

Point72 Asset Management, L.P. Added $19.5m273.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.2m45.2k shares
IMC-Chicago, LLC Reduced $869.2k12.2k shares
CITADEL ADVISORS LLC Reduced $719.6k10.1k shares
JANE STREET GROUP, LLC Reduced $555.8k7.8k shares
GROUP ONE TRADING LLC Added $292.1k4.1k shares
SIMPLEX TRADING, LLC Reduced $114.0k1.6k 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 BANK OF AMERICA CORP /DE/ 0.93% of their portfolio CHARLOTTE, NC 201,617,733201.6m $14.4bn $14.4bn 0.93% Added +2.9m +2,941,071
2 Betterment LLC 16.72% of their portfolio NEW YORK, NY 138,727,174138.7m $9.9bn $9.9bn 16.72% Added +796.4k +796,375
3 Creative Planning 4.87% of their portfolio OVERLAND PARK, KS 116,981,979117.0m $8.3bn $8.3bn 4.87% Reduced -3.4m -3,436,418
4 ENVESTNET ASSET MANAGEMENT INC 1.48% of their portfolio Berwyn, PA 88,111,24288.1m $6.3bn $6.3bn 1.48% Added +2.0m +2,039,805
5 MORGAN STANLEY 0.28% of their portfolio NEW YORK, NY 73,490,70173.5m $5.2bn $5.2bn 0.28% Reduced -11.1m -11,128,021
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.54% of their portfolio MILWAUKEE, WI 66,823,47166.8m $4.8bn $4.8bn 2.54% Added +2.7m +2,675,380
7 Wealthfront Advisers LLC 7.97% of their portfolio Palo Alto, CA 58,220,51158.2m $4.1bn $4.1bn 7.97% Added +533.5k +533,547
8 WELLS FARGO & COMPANY/MN 0.72% of their portfolio SAN FRANCISCO, CA 57,998,72358.0m $4.1bn $4.1bn 0.72% Reduced -3.4m -3,390,480
9 JONES FINANCIAL COMPANIES LLLP 1.61% of their portfolio DES PERES, MO 56,820,24356.8m $4.0bn $4.0bn 1.61% Added +1.8m +1,821,641
10 NORTHERN TRUST CORP 0.45% of their portfolio CHICAGO, IL 53,763,92353.8m $3.8bn $3.8bn 0.45% Added +93.1k +93,054
11 WealthNavi Inc. 27.62% of their portfolio Shinagawa-ku, TOKYO, M0 49,483,53949.5m $3.5bn $3.5bn 27.62% Added +2.2k +2,210
12 ROYAL BANK OF CANADA 0.56% of their portfolio TORONTO, A6 46,391,96346.4m $3.3bn $3.3bn 0.56% Reduced -921.5k -921,458
13 Mariner, LLC 2.77% of their portfolio Overland Park, KS 37,068,07237.1m $2.6bn $2.6bn 2.77% Added +1.5m +1,501,083
14 MERCER GLOBAL ADVISORS INC /ADV 3.22% of their portfolio DENVER, CO 36,559,77336.6m $2.6bn $2.6bn 3.22% Added +821.0k +821,010
15 GOLDMAN SACHS GROUP INC 0.24% of their portfolio NEW YORK, NY 31,653,33431.7m $2.3bn $2.3bn 0.24% Added +4.7m +4,745,816
16 UBS Group AG 0.35% of their portfolio ZURICH, V8 30,895,90430.9m $2.2bn $2.2bn 0.35% Added +230.5k +230,513
17 CAPTRUST FINANCIAL ADVISORS 3.34% of their portfolio RALEIGH, NC 30,587,92930.6m $2.2bn $2.2bn 3.34% Reduced -1.7m -1,742,024
18 Corient Private Wealth LP 2.95% of their portfolio MIAMI, FL 29,867,23829.9m $2.1bn $2.1bn 2.95% Reduced -3.5m -3,506,619
19 LPL Financial LLC 0.46% of their portfolio FORT MILL, SC 28,400,30428.4m $2.0bn $2.0bn 0.46% Added +604.3k +604,337
20 SEI INVESTMENTS CO 1.56% of their portfolio OAKS, PA 24,855,84724.9m $1.8bn $1.8bn 1.56% Added +123.8k +123,806
21 Baird Financial Group, Inc. 2.20% of their portfolio MILWAUKEE, WI 22,461,36922.5m $1.6bn $1.6bn 2.20% Added +977.3k +977,255
22 Cerity Partners LLC 1.85% of their portfolio NEW YORK, NY 21,440,11121.4m $1.5bn $1.5bn 1.85% Added +1.0m +1,018,080
23 Vanguard Global Advisers, LLC 0.70% of their portfolio MALVERN, PA 21,202,90721.2m $1.5bn $1.5bn 0.70% Added +222.2k +222,154
24 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 4.97% of their portfolio CHARLOTTE, NC 20,266,64120.3m $1.4bn $1.4bn 4.97% Added +289.3k +289,328
25 COMMONWEALTH EQUITY SERVICES, LLC 1.49% of their portfolio WALTHAM, MA 16,668,14516.7m $1.2bn $1.2bn 1.49% Reduced -103.4k -103,380
26 RAYMOND JAMES FINANCIAL INC 0.31% of their portfolio ST. PETERSBURG, FL 16,278,74516.3m $1.2bn $1.2bn 0.31% Added +592.5k +592,538
27 Jasper Ridge Partners, L.P. 24.28% of their portfolio MENLO PARK, CA 15,979,95416.0m $1.1bn $1.1bn 24.28% Reduced -5.1m -5,147,666
28 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 15,957,89916.0m $1.1bn $1.1bn 0.07% Added +312.0k +311,994
29 AMERIPRISE FINANCIAL INC 0.23% of their portfolio MINNEAPOLIS, MN 15,745,16115.7m $1.1bn $1.1bn 0.23% Added +1.5m +1,487,063
30 Wealthspire Advisors, LLC 6.14% of their portfolio NEW YORK, NY 15,662,18215.7m $1.1bn $1.1bn 6.14% Added +1.1m +1,099,481
31 Facet Wealth, Inc. 15.84% of their portfolio WEST PALM BEACH, FL 15,511,17315.5m $1.1bn $1.1bn 15.84% Added +1.6m +1,558,357
32 FMR LLC 0.05% of their portfolio BOSTON, MA 15,510,51315.5m $1.1bn $1.1bn 0.05% Reduced -56.9k -56,861
33 RWA WEALTH PARTNERS, LLC 10.30% of their portfolio BOSTON, MA 15,098,45815.1m $1.1bn $1.1bn 10.30% Added +486.2k +486,248
34 Nicholas Hoffman & Company, LLC. 19.55% of their portfolio ATLANTA, GA 13,000,60713.0m $926.3m $926.3m 19.55% Added +125.7k +125,685
35 Bank of New York Mellon Corp 0.15% of their portfolio NEW YORK, NY 12,907,57712.9m $919.7m $919.7m 0.15% Reduced -268.8k -268,812
36 Valmark Advisers, Inc. 9.17% of their portfolio AKRON, OH 12,125,74212.1m $864.0m $864.0m 9.17% Reduced -25.5k -25,462
37 Focus Partners Wealth 0.87% of their portfolio ST LOUIS, MO 11,918,55011.9m $849.2m $849.2m 0.87% Added +3.6m +3,631,016
38 HighTower Advisors, LLC 0.80% of their portfolio CHICAGO, IL 11,632,06311.6m $828.8m $828.8m 0.80% Reduced -54.6k -54,611
39 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 10.35% of their portfolio MINNEAPOLIS, MN 11,054,36511.1m $787.6m $787.6m 10.35% Added +184.8k +184,793
40 MONETA GROUP INVESTMENT ADVISORS LLC 5.78% of their portfolio ST LOUIS, MO 10,957,94811.0m $780.8m $780.8m 5.78% Added +9.8k +9,774
41 US BANCORP \DE\ 0.81% of their portfolio MINNEAPOLIS, MN 10,411,57810.4m $741.8m $741.8m 0.81% Reduced -1.1m -1,118,952
42 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.57% of their portfolio Toronto, A6 10,246,13710.2m $730.1m $730.1m 0.57% Added +339.1k +339,126
43 Fisher Asset Management, LLC 0.20% of their portfolio PLANO, TX 9,551,5519.6m $680.5m $680.5m 0.20% Added +12.8k +12,837
44 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 9.70% of their portfolio BOSTON, MA 9,431,2109.4m $672.0m $672.0m 9.70% Reduced -26.6k -26,611
45 MML INVESTORS SERVICES, LLC 1.33% of their portfolio SPRINGFIELD, MA 9,151,0969.2m $652.0m $652.0m 1.33% Added +1.6m +1,550,879
46 SCS Capital Management LLC 6.13% of their portfolio BOSTON, MA 9,107,7269.1m $648.9m $648.9m 6.13% Reduced -195.9k -195,885
47 REGIONS FINANCIAL CORP 3.84% of their portfolio BIRMINGHAM, AL 9,030,2179.0m $643.4m $643.4m 3.84% Added +893.8k +893,797
48 PNC Financial Services Group, Inc. 0.31% of their portfolio Pittsburgh, PA 8,817,4198.8m $628.2m $628.2m 0.31% Added +732.8k +732,833
49 STIFEL FINANCIAL CORP 0.50% of their portfolio ST. LOUIS, MO 8,382,2848.4m $597.2m $597.2m 0.50% Added +302.0k +302,014
50 CIBC Bancorp USA Inc. 0.73% of their portfolio CHICAGO, IL 8,337,3168.3m $593.0m $593.0m 0.73% Added +1.6m +1,565,201
51 Savant Capital, LLC 1.64% of their portfolio ROCKFORD, IL 8,233,1428.2m $559.9m $559.9m 1.64% Added +4.4m +4,423,680
52 Cetera Investment Advisers 0.53% of their portfolio SCHAUMBURG, IL 8,149,7168.1m $580.7m $580.7m 0.53% Added +387.6k +387,650
53 Cambridge Investment Research Advisors, Inc. 0.65% of their portfolio FAIRFIELD, IA 8,027,8668.0m $572.0m $572.0m 0.65% Added +4.6m +4,565,843
54 HBK Sorce Advisory LLC 11.13% of their portfolio ERIE, PA 7,886,0507.9m $570.6m $570.6m 11.13% Added +65.6k +65,617
55 COUNTRY TRUST BANK 9.48% of their portfolio Bloomington, IL 7,598,8577.6m $541.4m $541.4m 9.48% Added +200.2k +200,190
56 HUNTINGTON NATIONAL BANK 2.50% of their portfolio COLUMBUS, OH 7,221,9167.2m $514.6m $514.6m 2.50% Added +87.5k +87,491
57 MAI Capital Management 1.91% of their portfolio INDEPENDENCE, OH 7,043,4607.0m $501.8m $501.8m 1.91% Added +2.4m +2,419,183
58 WIT, LLC 7.66% of their portfolio DISTRICT OF COLUMBIA, DC 6,727,0966.7m $479.3m $479.3m 7.66% Reduced -121.0k -121,039
59 JMG Financial Group, Ltd. 10.76% of their portfolio DOWNERS GROVE, IL 6,253,6726.3m $445.6m $445.6m 10.76% Reduced -22.2k -22,157
60 KEYBANK NATIONAL ASSOCIATION/OH 1.45% of their portfolio BROOKLYN, OH 6,188,9856.2m $441.0m $441.0m 1.45% Reduced -66.2k -66,202
61 ALLIANCEBERNSTEIN L.P. 0.13% of their portfolio NASHVILLE, TN 6,036,4466.0m $386.8m $386.8m 0.13% Added +145.0k +144,958
62 OSAIC HOLDINGS, INC. 0.50% of their portfolio SCOTTSDALE, AZ 5,925,4265.9m $422.3m $422.3m 0.50% Added +949.7k +949,687
63 ASSETMARK, INC 0.70% of their portfolio CONCORD, CA 5,747,7115.7m $409.5m $409.5m 0.70% Added +447.0k +446,993
64 M&T Bank Corp 1.17% of their portfolio BUFFALO, NY 5,618,1635.6m $400.3m $400.3m 1.17% Reduced -39.0k -38,953
65 Pathstone Holdings, LLC 1.14% of their portfolio ENGLEWOOD, NJ 5,486,0555.5m $390.9m $390.9m 1.14% Added +147.3k +147,288
66 Wedmont Private Capital 10.27% of their portfolio WEST CHESTER, PA 5,272,5225.3m $374.3m $374.3m 10.27% Added +531.7k +531,746
67 Modera Wealth Management, LLC 4.00% of their portfolio WESTWOOD, NJ 5,257,3975.3m $374.6m $374.6m 4.00% Reduced -88.5k -88,535
68 FIFTH THIRD BANCORP 0.59% of their portfolio CINCINNATI, OH 5,088,6415.1m $362.6m $362.6m 0.59% Reduced -15.1k -15,123
69 Beacon Pointe Advisors, LLC 1.68% of their portfolio NEWPORT BEACH, CA 5,066,2165.1m $361.0m $361.0m 1.68% Added +96.4k +96,444
70 Ballentine Partners, LLC 4.37% of their portfolio Waltham, MA 5,015,3105.0m $357.3m $357.3m 4.37% Reduced -2.4k -2,353
71 VOYA INVESTMENT MANAGEMENT LLC 0.30% of their portfolio ATLANTA, GA 4,923,7444.9m $350.8m $350.8m 0.30% Reduced -18.5k -18,485
72 Rockefeller Capital Management L.P. 0.53% of their portfolio NEW YORK, NY 4,871,5954.9m $347.1m $347.1m 0.53% Added +109.1k +109,083
73 WESTWOOD HOLDINGS GROUP INC 2.60% of their portfolio DALLAS, TX 4,837,7024.8m $344.7m $344.7m 2.60% Reduced -3.7k -3,702
74 Fiduciary Trust Co 3.69% of their portfolio Boston, MA 4,756,0654.8m $338.9m $338.9m 3.69% Reduced -20.0k -20,001
75 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.46% of their portfolio WASHINGTON, DC 4,609,1414.6m $328.4m $328.4m 2.46% Reduced -154.8k -154,792
76 Ally Invest Advisors Inc. 19.64% of their portfolio CHARLOTTE, NC 4,566,2274.6m $325.3m $325.3m 19.64% Added +8.9k +8,887
77 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,460,7714.5m $317.8m $317.8m 0.00% Added +393.8k +393,777
78 BRIDGES INVESTMENT MANAGEMENT INC 3.86% of their portfolio OMAHA, NE 4,453,9144.5m $317.3m $317.3m 3.86% Added +23.7k +23,733
79 VANGUARD ADVISERS INC 1.06% of their portfolio Malvern, PA 4,372,7834.4m $311.6m $311.6m 1.06% Added +383.1k +383,134
80 NEPC LLC 5.72% of their portfolio Boston, MA 4,298,9954.3m $306.3m $306.3m 5.72% Reduced -188.4k -188,388
81 BLAIR WILLIAM & CO/IL 0.80% of their portfolio CHICAGO, IL 4,291,0234.3m $305.7m $305.7m 0.80% Added +428.9k +428,937
82 TRUIST FINANCIAL CORP 0.36% of their portfolio CHARLOTTE, NC 4,234,1714.2m $301.7m $301.7m 0.36% Added +124.1k +124,052
83 TFO Wealth Partners, LLC 32.81% of their portfolio MAUMEE, OH 4,233,2764.2m $301.6m $301.6m 32.81% Reduced -61.0k -60,986
84 Pinnacle Financial Partners, Inc. 1.98% of their portfolio ATLANTA, GA 4,082,1034.1m $290.8m $290.8m 1.98% Added +124.5k +124,468
85 Wilmington Savings Fund Society, FSB 6.36% of their portfolio WILMINGTON, DE 3,999,7234.0m $285.0m $285.0m 6.36% Reduced -102.7k -102,692
86 State of Tennessee, Department of Treasury 0.84% of their portfolio NASHVILLE, TN 3,979,2374.0m $283.5m $283.5m 0.84% Reduced -243.6k -243,571
87 FARMERS & MERCHANTS INVESTMENTS INC 6.48% of their portfolio LINCOLN, NE 3,755,8443.8m $267.6m $267.6m 6.48% Added +106.3k +106,314
88 Linscomb Wealth, Inc. 11.51% of their portfolio Houston, TX 3,728,4683.7m $265.7m $265.7m 11.51% Reduced -168.4k -168,360
89 TD Waterhouse Canada Inc. 0.67% of their portfolio TORONTO, A6 3,603,6023.6m $253.8m $253.8m 0.67% Added +240.9k +240,873
90 Janney Montgomery Scott LLC 0.49% of their portfolio PHILADELPHIA, PA 3,583,9053.6m $255.4m $255.4m 0.49% Added +123.8k +123,827
91 BLB&B Advisors, LLC 9.33% of their portfolio MONTGOMERYVILLE, PA 3,576,2173.6m $254.8m $254.8m 9.33% Added +62.5k +62,465
92 D.A. DAVIDSON & CO. 1.39% of their portfolio GREAT FALLS, MT 3,530,2753.5m $251.5m $251.5m 1.39% Reduced -42.3k -42,340
93 Farther Finance Advisors, LLC 1.96% of their portfolio SAN FRANCISCO, CA 3,516,4353.5m $250.5m $250.5m 1.96% Added +297.0k +296,982
94 Johnson Financial Group, LLC 12.97% of their portfolio Denver, CO 3,379,8623.4m $240.8m $240.8m 12.97% Reduced -274.7k -274,711
95 COLDSTREAM CAPITAL MANAGEMENT INC 2.89% of their portfolio BELLEVUE, WA 3,235,7513.2m $230.5m $230.5m 2.89% Added +664.8k +664,843
96 VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio San Antonio, TX 3,191,4943.2m $227.4m $227.4m 0.13% Reduced -218.9k -218,864
97 Truepoint, Inc. 4.74% of their portfolio CINCINNATI, OH 3,188,8773.2m $227.2m $227.2m 4.74% Reduced -266.3k -266,307
98 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 3,097,9273.1m $220.7m $220.7m 0.08% Reduced -1.6m -1,621,956
99 Tanglewood Wealth Management, Inc. 17.90% of their portfolio HOUSTON, TX 2,953,7303.0m $210.5m $210.5m 17.90% Added +40.1k +40,094
100 Freestone Capital Holdings, LLC 5.43% of their portfolio Seattle, WA 2,926,0972.9m $208.5m $208.5m 5.43% Reduced -22.1k -22,147