Vault-13

VANGUARD WHITEHALL FDS VYM

HIGH DIV YLD · ETP · CUSIP 921946406

1,806 institutional holders +0 vs Q4 2024
170,167,162170.2m shares reported held*
$21.6bnreported value*
97 new 721 added 668 reduced 81 sold out net sold ≈ $1.2bn (-9.3m 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 ($10.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $127.09. Options: 10 managers hold calls ($266.9m notional), 8 hold puts ($40.0m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,327Q4 22: 1,470Q1 23: 1,441Q2 23: 1,460Q3 23: 1,450Q4 23: 1,576Q1 24: 1,607Q2 24: 1,595Q3 24: 1,659Q4 24: 1,806Q1 25: 1,8061,806Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,327
Q4 20221,470
Q1 20231,441
Q2 20231,460
Q3 20231,450
Q4 20231,576
Q1 20241,607
Q2 20241,595
Q3 20241,659
Q4 20241,806
Q1 20251,806

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 23: 649 bought or addedQ2 23: 631 cut or sold outQ3 23: 607 bought or addedQ3 23: 655 cut or sold outQ3 23Q4 23: 630 bought or addedQ4 23: 681 cut or sold outQ1 24: 672 bought or addedQ1 24: 723 cut or sold outQ1 24Q2 24: 701 bought or addedQ2 24: 674 cut or sold outQ3 24: 789 bought or addedQ3 24: 592 cut or sold outQ3 24Q4 24: 774 bought or addedQ4 24: 633 cut or sold outQ1 25: 818 bought or addedQ1 25: 749 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023649631
Q3 2023607655
Q4 2023630681
Q1 2024672723
Q2 2024701674
Q3 2024789592
Q4 2024774633
Q1 2025818749

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 24 calls: $208.3mQ2 24 puts: $17.3mQ2 24P/C 0.08Q3 24 calls: $246.6mQ3 24 puts: $64.9mQ3 24P/C 0.26Q4 24 calls: $112.7mQ4 24 puts: $41.0mQ4 24P/C 0.36Q1 25 calls: $266.9mQ1 25 puts: $40.0mQ1 25P/C 0.15
Numbers
QuarterCallsPutsP/C
Q2 2024$208.3m$17.3m0.08
Q3 2024$246.6m$64.9m0.26
Q4 2024$112.7m$41.0m0.36
Q1 2025$266.9m$40.0m0.15

Biggest buyers

SCS Capital Management LLC New +1,540,670+1.5m
AMERIPRISE FINANCIAL INC Added +372,066+372.1k
HighTower Advisors, LLC Added +268,847+268.8k
JONES FINANCIAL COMPANIES LLLP Added +251,778+251.8k
ASSETMARK, INC Added +182,562+182.6k
Penserra Capital Management LLC New +151,537+151.5k
MORGAN STANLEY Added +150,975+151.0k
COMMONWEALTH EQUITY SERVICES, LLC Added +146,915+146.9k
MERCER GLOBAL ADVISORS INC /ADV Added +142,099+142.1k
Arkadios Wealth Advisors Added +133,204+133.2k

Biggest sellers

SUMITOMO LIFE INSURANCE CO Reduced -9,360,000-9.4m
BANK OF AMERICA CORP /DE/ Reduced -1,598,204-1.6m
Auto-Owners Insurance Co Reduced -714,167-714.2k
Meiji Yasuda Life Insurance Co Sold out -640,379-640.4k
BARINGS LLC Sold out -565,199-565.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -331,266-331.3k
Focus Partners Wealth Reduced -208,423-208.4k
Wellspring Financial Advisors, LLC Reduced -196,753-196.8k
Angeles Investment Advisors, LLC Sold out -130,200-130.2k
STIFEL FINANCIAL CORP Reduced -123,920-123.9k

Biggest calls

JANE STREET GROUP, LLC Added $95.3m739.1k shares
CITADEL ADVISORS LLC Added $51.9m402.5k shares
Twin Tree Management, LP New $47.7m370.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $40.0m310.5k shares
WOLVERINE TRADING, LLC Added $18.6m146.2k shares
Walleye Trading LLC Reduced $7.0m54.4k shares
IMC-Chicago, LLC Added $5.6m43.7k shares
Squarepoint Ops LLC Reduced $399.8k3.1k shares
GROUP ONE TRADING LLC Reduced $257.9k2.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $14.1m109.2k shares
Quaker Wealth Management, LLC First filing $13.6m105.3k shares
CITADEL ADVISORS LLC Reduced $10.3m79.7k shares
WOLVERINE TRADING, LLC Reduced $778.1k6.1k shares
Walleye Trading LLC Added $619.0k4.8k shares
Squarepoint Ops LLC Reduced $399.8k3.1k shares
JANE STREET GROUP, LLC Reduced $219.2k1.7k shares
UBS Group AG New $25.8k200 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.14% of their portfolio CHARLOTTE, NC 12,142,35212.1m $1.6bn $1.6bn 0.14% Reduced -1.6m -1,598,204
2 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 9,899,7489.9m $1.3bn $1.3bn 0.09% Added +151.0k +150,975
3 RAYMOND JAMES FINANCIAL INC 0.36% of their portfolio ST. PETERSBURG, FL 7,312,1627.3m $943.0m $943.0m 0.36% Added +90.6k +90,605
4 SUMITOMO LIFE INSURANCE CO 26.64% of their portfolio TOKYO, M0 5,773,3225.8m $744.5m $744.5m 26.64% Reduced -9.4m -9,360,000
5 LPL Financial LLC 0.29% of their portfolio FORT MILL, SC 5,760,3045.8m $742.8m $742.8m 0.29% Added +117.1k +117,074
6 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 5,469,4865.5m $705.3m $705.3m 0.05% Added +11.9k +11,857
7 WELLS FARGO & COMPANY/MN 0.16% of their portfolio SAN FRANCISCO, CA 5,128,8005.1m $661.4m $661.4m 0.16% Added +115.5k +115,471
8 ENVESTNET ASSET MANAGEMENT INC 0.19% of their portfolio Berwyn, PA 4,523,3914.5m $583.3m $583.3m 0.19% Reduced -331.3k -331,266
9 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 3,816,8733.8m $492.4m $492.4m 0.13% Added +372.1k +372,066
10 Creative Planning 0.44% of their portfolio OVERLAND PARK, KS 3,619,8493.6m $466.8m $466.8m 0.44% Reduced -29.3k -29,308
11 UBS Group AG 0.09% of their portfolio ZURICH, V8 3,083,7263.1m $397.7m $397.7m 0.09% Added +64.6k +64,644
12 Wellspring Financial Advisors, LLC 6.81% of their portfolio CLEVELAND, OH 2,772,2312.8m $61.2m $61.2m 6.81% Reduced -196.8k -196,753
13 COMMONWEALTH EQUITY SERVICES, LLC 0.45% of their portfolio WALTHAM, MA 2,490,4602.5m $321.2m $321.2m 0.45% Added +146.9k +146,915
14 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 2,395,5892.4m $308.9m $308.9m 0.07% Reduced -10.3k -10,261
15 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.29% of their portfolio Toronto, A6 2,369,0452.4m $305.5m $305.5m 0.29% Added +95.0k +94,985
16 MERCER GLOBAL ADVISORS INC /ADV 0.69% of their portfolio DENVER, CO 2,329,7142.3m $300.4m $300.4m 0.69% Added +142.1k +142,099
17 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 2,055,3012.1m $265.1m $265.1m 0.05% Added +19.5k +19,514
18 JONES FINANCIAL COMPANIES LLLP 0.22% of their portfolio DES PERES, MO 1,882,5591.9m $240.2m $240.2m 0.22% Added +251.8k +251,778
19 Janney Montgomery Scott LLC 0.67% of their portfolio PHILADELPHIA, PA 1,824,4241.8m $235.3m $235.3m 0.67% Added +20.0k +19,953
20 Cetera Investment Advisers 0.41% of their portfolio SCHAUMBURG, IL 1,622,7451.6m $209.3m $209.3m 0.41% Added +76.1k +76,137
21 SCS Capital Management LLC 2.53% of their portfolio BOSTON, MA 1,540,6701.5m $198.7m $198.7m 2.53% New
22 Pathstone Holdings, LLC 0.79% of their portfolio ENGLEWOOD, NJ 1,414,9631.4m $182.5m $182.5m 0.79% Reduced -16.2k -16,174
23 HighTower Advisors, LLC 0.23% of their portfolio CHICAGO, IL 1,293,2481.3m $166.8m $166.8m 0.23% Added +268.8k +268,847
24 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 1,287,0411.3m $166.0m $166.0m 0.18% Reduced -123.9k -123,920
25 Rakuten Investment Management, Inc. 0.73% of their portfolio TOKYO, M0 1,258,4541.3m $160.5m $160.5m 0.73% First filing
26 OSAIC HOLDINGS, INC. 0.30% of their portfolio SCOTTSDALE, AZ 1,047,1051.0m $135.1m $135.1m 0.30% Added +104.2k +104,203
27 Howard Capital Management, LLC 3.38% of their portfolio Alpharetta, GA 1,044,2341.0m $134.7m $134.7m 3.38% Reduced -68 -68
28 Kestra Advisory Services, LLC 0.60% of their portfolio AUSTIN, TX 968,903968.9k $124.9m $124.9m 0.60% Reduced -37.7k -37,675
29 TRUIST FINANCIAL CORP 0.20% of their portfolio CHARLOTTE, NC 957,836957.8k $123.5m $123.5m 0.20% Added +40.2k +40,167
30 Joel Isaacson & Co., LLC 5.54% of their portfolio NEW YORK, NY 947,143947.1k $122.1m $122.1m 5.54% Added +24.5k +24,478
31 PNC Financial Services Group, Inc. 0.06% of their portfolio Pittsburgh, PA 891,727891.7k $115.0m $115.0m 0.06% Reduced -23.0k -22,964
32 Wharton Business Group, LLC 5.19% of their portfolio MALVERN, PA 890,518890.5k $114.8m $114.8m 5.19% Reduced -2.4k -2,404
33 Cambridge Investment Research Advisors, Inc. 0.38% of their portfolio FAIRFIELD, IA 875,530875.5k $112.9m $112.9m 0.38% Added +16.8k +16,836
34 Florida Trust Wealth Management Co 3.42% of their portfolio SANIBEL, FL 817,056817.1k $105.4m $105.4m 3.42% Added +20.2k +20,170
35 CAPTRUST FINANCIAL ADVISORS 0.25% of their portfolio RALEIGH, NC 780,612780.6k $100.7m $100.7m 0.25% Added +52.4k +52,419
36 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 765,107765.1k $98.7m $98.7m 0.02% Reduced -68.7k -68,749
37 Allworth Financial LP 0.48% of their portfolio FOLSOM, CA 695,462695.5k $85.8m $85.8m 0.48% Added +18.0k +18,001
38 Bell Bank 4.74% of their portfolio FARGO, ND 680,876680.9k $87.8m $87.8m 4.74% Reduced -15.6k -15,597
39 Martel Wealth Advisors LLC 17.23% of their portfolio VANCOUVER, WA 670,778670.8k $86.5m $86.5m 17.23% Reduced -6.8k -6,808
40 D.A. DAVIDSON & CO. 0.68% of their portfolio GREAT FALLS, MT 656,794656.8k $84.7m $84.7m 0.68% Added +12.3k +12,270
41 One Day In July LLC 8.36% of their portfolio BURLINGTON, VT 647,281647.3k $83.5m $83.5m 8.36% Added +46.4k +46,395
42 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 639,948639.9k $82.5m $82.5m 0.04% Added +42.4k +42,401
43 Stratos Wealth Partners, LTD. 1.23% of their portfolio BEACHWOOD, OH 626,777626.8k $80.8m $80.8m 1.23% Reduced -42.6k -42,644
44 ASSETMARK, INC 0.22% of their portfolio CONCORD, CA 625,777625.8k $80.7m $80.7m 0.22% Added +182.6k +182,562
45 SBI Securities Co., Ltd. 2.67% of their portfolio TOKYO, M0 621,154621.2k $80.1m $80.1m 2.67% Added +13.1k +13,134
46 Cerity Partners LLC 0.16% of their portfolio NEW YORK, NY 607,208607.2k $78.3m $78.3m 0.16% Reduced -1.6k -1,637
47 HCR Wealth Advisors 10.15% of their portfolio LOS ANGELES, CA 604,437604.4k $77.9m $77.9m 10.15% Added +19.9k +19,866
48 Steward Partners Investment Advisory, LLC 0.65% of their portfolio STAMFORD, CT 572,875572.9k $73.9m $73.9m 0.65% Added +29.9k +29,878
49 Mesirow Financial Investment Management, Inc. 1.41% of their portfolio CHICAGO, IL 566,079566.1k $73.0m $73.0m 1.41% Added +3.8k +3,806
50 MML INVESTORS SERVICES, LLC 0.23% of their portfolio SPRINGFIELD, MA 540,349540.3k $69.7m $69.7m 0.23% Added +23.9k +23,931
51 Mariner, LLC 0.12% of their portfolio Overland Park, KS 537,817537.8k $69.3m $69.3m 0.12% Added +5.5k +5,470
52 MARINO, STRAM & ASSOCIATES LLC 15.37% of their portfolio BRAINTREE, MA 536,723536.7k $69.2m $69.2m 15.37% Reduced -3.0k -2,970
53 Equitable Holdings, Inc. 0.65% of their portfolio NEW YORK, NY 532,212532.2k $68.6m $68.6m 0.65% Added +25.7k +25,721
54 PINNACLE ASSOCIATES LTD 0.98% of their portfolio NEW YORK, NY 518,633518.6k $66.9m $66.9m 0.98% Reduced -584 -584
55 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio PLYMOUTH, MN 499,133499.1k $64.4m $64.4m 0.12% Added +58.5k +58,453
56 Baird Financial Group, Inc. 0.12% of their portfolio MILWAUKEE, WI 483,914483.9k $62.4m $62.4m 0.12% Added +15.8k +15,800
57 Northeast Financial Consultants Inc 2.73% of their portfolio WESTPORT, CT 477,068477.1k $61.5m $61.5m 2.73% Reduced -2.1k -2,133
58 INSPIRION WEALTH ADVISORS, LLC 8.19% of their portfolio LIBERTYVILLE, IL 457,046457.0k $58.9m $58.9m 8.19% Added +3.5k +3,546
59 White Lighthouse Investment Management Inc. 10.18% of their portfolio BEDFORD, MA 441,874441.9k $57.0m $57.0m 10.18% Added +6.9k +6,907
60 Arlington Trust Co LLC 11.99% of their portfolio BIRMINGHAM, AL 438,511438.5k $56.6m $56.6m 11.99% Reduced -3.5k -3,515
61 CW Advisors, LLC 0.66% of their portfolio BOSTON, MA 424,493424.5k $54.8m $54.8m 0.66% Added +42.3k +42,294
62 Smithfield Trust Co 2.51% of their portfolio PITTSBURGH, PA 387,955388.0k $50.0m $50.0m 2.51% Added +983 +983
63 Private Advisor Group, LLC 0.29% of their portfolio MORRISTOWN, NJ 376,680376.7k $48.6m $48.6m 0.29% Added +1.6k +1,591
64 Waldron Private Wealth LLC 2.15% of their portfolio BRIDGEVILLE, PA 353,240353.2k $45.6m $45.6m 2.15% Reduced -12.8k -12,823
65 Operose Advisors LLC 15.09% of their portfolio MILWAUKEE, WI 353,152353.2k $45.5m $45.5m 15.09% Reduced -1.1k -1,066
66 Atria Wealth Solutions, Inc. 0.54% of their portfolio NEW YORK, NY 349,851349.9k $45.1m $45.1m 0.54% Reduced -31.3k -31,326
67 MONETA GROUP INVESTMENT ADVISORS LLC 0.60% of their portfolio ST LOUIS, MO 340,284340.3k $43.9m $43.9m 0.60% Added +20.3k +20,253
68 Waverly Advisors, LLC 0.53% of their portfolio BIRMINGHAM, AL 334,527334.5k $43.1m $43.1m 0.53% Added +8.0k +8,041
69 Cornerstone Advisory, LLC 4.80% of their portfolio HUNT VALLEY, MD 330,268330.3k $41.1m $41.1m 4.80% Added +2.4k +2,355
70 Baltimore-Washington Financial Advisors, Inc. 2.26% of their portfolio Columbia, MD 329,589329.6k $42.5m $42.5m 2.26% Added +7.7k +7,692
71 MBM WEALTH CONSULTANTS, LLC 12.26% of their portfolio CHESTERFIELD, MO 321,618321.6k $41.5m $41.5m 12.26% Added +3.5k +3,517
72 Auto-Owners Insurance Co 1.07% of their portfolio LANSING, MI 321,533321.5k $40.6m $40.6m 1.07% Reduced -714.2k -714,167
73 M&T Bank Corp 0.15% of their portfolio BUFFALO, NY 311,652311.7k $40.2m $40.2m 0.15% Reduced -11.9k -11,905
74 NewEdge Advisors, LLC 0.23% of their portfolio NEW ORLEANS, LA 298,110298.1k $38.4m $38.4m 0.23% Added +13.1k +13,101
75 AVANTAX ADVISORY SERVICES, INC. 0.23% of their portfolio DALLAS, TX 296,726296.7k $38.3m $38.3m 0.23% Added +18.3k +18,327
76 Round Rock Advisors LLC 7.00% of their portfolio WILTON, CT 292,497292.5k $37.7m $37.7m 7.00% Added +27.1k +27,092
77 Pinnacle Wealth Management Advisory Group, LLC 3.51% of their portfolio RED BANK, NJ 292,163292.2k $37.7m $37.7m 3.51% Reduced -710 -710
78 BANK OF HAWAII 2.14% of their portfolio HONOLULU, HI 288,957289.0k $37.3m $37.3m 2.14% Reduced -88.3k -88,300
79 Sabal Trust CO 2.06% of their portfolio ST. PETERSBURG, FL 288,320288.3k $37.2m $37.2m 2.06% Reduced -7.4k -7,392
80 Twele Capital Management, Inc. 7.87% of their portfolio MINNETONKA, MN 287,865287.9k $37.1m $37.1m 7.87% Reduced -367 -367
81 Zhang Financial LLC 1.96% of their portfolio PORTAGE, MI 286,946286.9k $37.0m $37.0m 1.96% Added +7.4k +7,426
82 Wealthspire Advisors, LLC 0.21% of their portfolio NEW YORK, NY 273,390273.4k $35.3m $35.3m 0.21% Added +131.5k +131,530
83 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 272,884272.9k $35.2m $35.2m 0.03% Added +10.5k +10,489
84 Buska Wealth Management, LLC 10.80% of their portfolio WAUSAU, WI 267,361267.4k $34.5m $34.5m 10.80% Added +16.0k +15,962
85 Iron Horse Wealth Management, LLC 10.88% of their portfolio JOHSTON, IA 262,767262.8k $33.9m $33.9m 10.88% Added +8.8k +8,756
86 Heartwood Wealth Advisors LLC 3.76% of their portfolio RICHMOND, VA 255,363255.4k $32.9m $32.9m 3.76% Reduced -10.4k -10,374
87 NEW ENGLAND ASSET MANAGEMENT INC 5.21% of their portfolio FARMINGTON, CT 249,040249.0k $32.1m $32.1m 5.21% Added +46.8k +46,790
88 KEYBANK NATIONAL ASSOCIATION/OH 0.13% of their portfolio BROOKLYN, OH 248,618248.6k $32.1m $32.1m 0.13% Reduced -4.6k -4,554
89 Human Investing LLC 5.63% of their portfolio LAKE OSWEGO, OR 247,882247.9k $32.0m $32.0m 5.63% Added +5.4k +5,377
90 ACT WEALTH MANAGEMENT, LLC 14.37% of their portfolio PLANO, TX 246,259246.3k $31.8m $31.8m 14.37% Added +7.7k +7,680
91 SEI INVESTMENTS CO 0.04% of their portfolio OAKS, PA 242,498242.5k $31.3m $31.3m 0.04% Reduced -2.3k -2,285
92 Corient Private Wealth LP 0.05% of their portfolio MIAMI, FL 238,094238.1k $30.7m $30.7m 0.05% Reduced -17.8k -17,755
93 Lido Advisors, LLC 0.18% of their portfolio Los Angeles, CA 236,846236.8k $30.5m $30.5m 0.18% Added +16.2k +16,225
94 DAVENPORT & Co LLC 0.18% of their portfolio RICHMOND, VA 235,503235.5k $30.4m $30.4m 0.18% Added +8.4k +8,398
95 BEACON FINANCIAL GROUP 3.29% of their portfolio DALLAS, TX 233,815233.8k $30.2m $30.2m 3.29% Reduced -15.4k -15,405
96 Beacon Pointe Advisors, LLC 0.34% of their portfolio NEWPORT BEACH, CA 233,443233.4k $30.1m $30.1m 0.34% Reduced -2.1k -2,066
97 Conservest Capital Advisors, Inc. 3.13% of their portfolio WYNNEWOOD, PA 231,426231.4k $29.8m $29.8m 3.13% Reduced -539 -539
98 Crews Bank & Trust 4.95% of their portfolio PORT CHARLOTTE, FL 225,010225.0k $29.0m $29.0m 4.95% Added +2.8k +2,819
99 Pacific Capital Wealth Advisors, Inc. 4.98% of their portfolio CORONA, CA 223,416223.4k $28.8m $28.8m 4.98% Added +3.0k +2,984
100 Merit Financial Group, LLC 0.43% of their portfolio ALPHARETTA, GA 221,568221.6k $28.6m $28.6m 0.43% Added +87.2k +87,209