Vault-13

VANGUARD WHITEHALL FDS VYM

HIGH DIV YLD · ETP · CUSIP 921946406

2,060 institutional holders +38 vs Q1 2026
184,322,261184.3m shares reported held*
$28.6bnreported value*
121 new 843 added 693 reduced 73 sold out net bought ≈ $659.3m (-4.1m 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 ($57.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $155.39. Options: 8 managers hold calls ($282.3m notional), 5 hold puts ($20.0m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 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: 1,806Q2 25: 1,808Q3 25: 1,841Q4 25: 2,004Q1 26: 2,022Q2 26: 2,0602,060Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q2 20251,808
Q3 20251,841
Q4 20252,004
Q1 20262,022
Q2 20262,060

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 789 bought or addedQ3 24: 592 cut or sold outQ4 24: 774 bought or addedQ4 24: 633 cut or sold outQ4 24Q1 25: 818 bought or addedQ1 25: 749 cut or sold outQ2 25: 867 bought or addedQ2 25: 671 cut or sold outQ2 25Q3 25: 857 bought or addedQ3 25: 669 cut or sold outQ4 25: 906 bought or addedQ4 25: 633 cut or sold outQ4 25Q1 26: 956 bought or addedQ1 26: 757 cut or sold outQ2 26: 964 bought or addedQ2 26: 766 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024789592
Q4 2024774633
Q1 2025818749
Q2 2025867671
Q3 2025857669
Q4 2025906633
Q1 2026956757
Q2 2026964766

Calls vs puts

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

CallsPuts
$0$100m$200m$300m$400mQ3 25 calls: $289.0mQ3 25 puts: $23.4mQ3 25P/C 0.08Q4 25 calls: $249.6mQ4 25 puts: $24.0mQ4 25P/C 0.10Q1 26 calls: $302.6mQ1 26 puts: $25.3mQ1 26P/C 0.08Q2 26 calls: $282.3mQ2 26 puts: $20.0mQ2 26P/C 0.07
Numbers
QuarterCallsPutsP/C
Q3 2025$289.0m$23.4m0.08
Q4 2025$249.6m$24.0m0.10
Q1 2026$302.6m$25.3m0.08
Q2 2026$282.3m$20.0m0.07

Biggest buyers

Cambridge Investment Research Advisors, Inc. Added +1,133,886+1.1m
Arax Advisory Partners Added +762,075+762.1k
LPL Financial LLC Added +481,316+481.3k
ARTHUR M. COHEN & ASSOCIATES, LLC Added +401,842+401.8k
RAYMOND JAMES FINANCIAL INC Added +391,943+391.9k
Olistico Wealth, LLC Added +363,524+363.5k
JONES FINANCIAL COMPANIES LLLP Added +350,014+350.0k
MORGAN STANLEY Added +308,016+308.0k
OSAIC HOLDINGS, INC. Added +239,020+239.0k
IFG Advisory, LLC Added +232,370+232.4k

Biggest sellers

Gallagher Fiduciary Advisors, LLC Reduced -8,751,927-8.8m
Rakuten Investment Management, Inc. Reduced -1,142,054-1.1m
BNP PARIBAS FINANCIAL MARKETS Reduced -500,378-500.4k
Auto-Owners Insurance Co Reduced -311,500-311.5k
Oasis Advisors, LLC Reduced -245,073-245.1k
RWA WEALTH PARTNERS, LLC Reduced -162,592-162.6k
Penserra Capital Management LLC Sold out -130,497-130.5k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -126,120-126.1k
BANK OF AMERICA CORP /DE/ Reduced -114,752-114.8k
Independent Advisor Alliance Reduced -99,043-99.0k

Biggest calls

JANE STREET GROUP, LLC Reduced $124.7m789.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $82.2m520.1k shares
SIG BROKERAGE, LP New $23.6m149.2k shares
CITADEL ADVISORS LLC Added $21.2m134.2k shares
IMC-Chicago, LLC Added $20.8m131.7k shares
Squarepoint Ops LLC Added $9.1m57.7k shares
Point72 Asset Management, L.P. Reduced $663.7k4.2k shares
Twin Tree Management, LP New $15.8k100 shares

Biggest puts

CITADEL ADVISORS LLC Added $8.2m51.7k shares
Squarepoint Ops LLC Added $6.5m41.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.8m23.9k shares
JANE STREET GROUP, LLC Added $1.0m6.5k shares
Point72 Asset Management, L.P. Reduced $505.7k3.2k 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/ 0.13% of their portfolio CHARLOTTE, NC 12,643,64912.6m $2.0bn $2.0bn 0.13% Reduced -114.8k -114,752
2 MORGAN STANLEY 0.09% of their portfolio NEW YORK, NY 10,662,58210.7m $1.7bn $1.7bn 0.09% Added +308.0k +308,016
3 RAYMOND JAMES FINANCIAL INC 0.34% of their portfolio ST. PETERSBURG, FL 8,009,2068.0m $1.3bn $1.3bn 0.34% Added +391.9k +391,943
4 LPL Financial LLC 0.26% of their portfolio FORT MILL, SC 7,241,2027.2m $1.1bn $1.1bn 0.26% Added +481.3k +481,316
5 WELLS FARGO & COMPANY/MN 0.17% of their portfolio SAN FRANCISCO, CA 6,100,8276.1m $964.1m $964.1m 0.17% Added +9.6k +9,636
6 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 5,526,8575.5m $875.7m $875.7m 0.05% Added +72.9k +72,857
7 Creative Planning 0.35% of their portfolio OVERLAND PARK, KS 3,834,8893.8m $606.0m $606.0m 0.35% Reduced -4.3k -4,263
8 AMERIPRISE FINANCIAL INC 0.12% of their portfolio MINNEAPOLIS, MN 3,715,3153.7m $587.2m $587.2m 0.12% Added +47.4k +47,444
9 UBS Group AG 0.09% of their portfolio ZURICH, V8 3,674,4503.7m $580.7m $580.7m 0.09% Reduced -47.9k -47,936
10 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 3,613,8133.6m $571.1m $571.1m 0.13% Added +162.1k +162,084
11 JONES FINANCIAL COMPANIES LLLP 0.21% of their portfolio DES PERES, MO 3,335,6713.3m $527.8m $527.8m 0.21% Added +350.0k +350,014
12 Wellspring Financial Advisors, LLC 4.71% of their portfolio CLEVELAND, OH 2,958,6473.0m $71.5m $71.5m 4.71% Added +49.5k +49,470
13 MERCER GLOBAL ADVISORS INC /ADV 0.56% of their portfolio DENVER, CO 2,883,7382.9m $455.7m $455.7m 0.56% Added +177.1k +177,083
14 Cetera Investment Advisers 0.41% of their portfolio SCHAUMBURG, IL 2,823,0512.8m $446.1m $446.1m 0.41% Added +123.1k +123,115
15 ROYAL BANK OF CANADA 0.07% of their portfolio TORONTO, A6 2,518,6592.5m $398.0m $398.0m 0.07% Added +42.0k +41,996
16 COMMONWEALTH EQUITY SERVICES, LLC 0.45% of their portfolio WALTHAM, MA 2,266,7812.3m $358.2m $358.2m 0.45% Reduced -126.1k -126,120
17 Cambridge Investment Research Advisors, Inc. 0.40% of their portfolio FAIRFIELD, IA 2,223,9982.2m $351.5m $351.5m 0.40% Added +1.1m +1,133,886
18 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.58% of their portfolio WASHINGTON, DC 2,184,2662.2m $345.2m $345.2m 2.58% Reduced -44.7k -44,739
19 Janney Montgomery Scott LLC 0.60% of their portfolio PHILADELPHIA, PA 1,958,7772.0m $309.5m $309.5m 0.60% Added +8.9k +8,904
20 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 1,822,2301.8m $288.0m $288.0m 0.03% Reduced -38.4k -38,414
21 Rakuten Investment Management, Inc. 0.78% of their portfolio TOKYO, M0 1,695,0541.7m $268.6m $268.6m 0.78% Reduced -1.1m -1,142,054
22 OSAIC HOLDINGS, INC. 0.30% of their portfolio SCOTTSDALE, AZ 1,623,8621.6m $256.7m $256.7m 0.30% Added +239.0k +239,020
23 HighTower Advisors, LLC 0.22% of their portfolio CHICAGO, IL 1,466,5441.5m $231.8m $231.8m 0.22% Added +11.4k +11,354
24 Pathstone Holdings, LLC 0.66% of their portfolio ENGLEWOOD, NJ 1,425,2881.4m $225.2m $225.2m 0.66% Added +26.2k +26,177
25 SCS Capital Management LLC 2.12% of their portfolio BOSTON, MA 1,422,8061.4m $224.8m $224.8m 2.12% Reduced -40.4k -40,411
26 STIFEL FINANCIAL CORP 0.18% of their portfolio ST. LOUIS, MO 1,390,9231.4m $219.8m $219.8m 0.18% Added +15.5k +15,457
27 Kestra Advisory Services, LLC 0.63% of their portfolio AUSTIN, TX 1,236,7391.2m $195.4m $195.4m 0.63% Reduced -24.1k -24,144
28 Howard Capital Management, LLC 2.13% of their portfolio Alpharetta, GA 1,132,9571.1m $179.0m $179.0m 2.13% Unchanged
29 Joel Isaacson & Co., LLC 4.82% of their portfolio NEW YORK, NY 1,053,3421.1m $166.5m $166.5m 4.82% Added +13.2k +13,189
30 Baird Financial Group, Inc. 0.21% of their portfolio MILWAUKEE, WI 965,211965.2k $152.5m $152.5m 0.21% Added +9.7k +9,687
31 CAPTRUST FINANCIAL ADVISORS 0.23% of their portfolio RALEIGH, NC 951,013951.0k $150.3m $150.3m 0.23% Added +94.4k +94,365
32 TRUIST FINANCIAL CORP 0.18% of their portfolio CHARLOTTE, NC 942,212942.2k $148.9m $148.9m 0.18% Reduced -117 -117
33 PNC Financial Services Group, Inc. 0.07% of their portfolio Pittsburgh, PA 917,460917.5k $145.0m $145.0m 0.07% Added +4.4k +4,355
34 D.A. DAVIDSON & CO. 0.76% of their portfolio GREAT FALLS, MT 868,322868.3k $137.2m $137.2m 0.76% Reduced -157 -157
35 Arax Advisory Partners 0.87% of their portfolio NEW YORK, NY 829,634829.6k $131.1m $131.1m 0.87% Added +762.1k +762,075
36 Wharton Business Group, LLC 4.34% of their portfolio MALVERN, PA 820,989821.0k $129.7m $129.7m 4.34% Reduced -68.4k -68,444
37 Florida Trust Wealth Management Co 3.14% of their portfolio SANIBEL, FL 798,906798.9k $126.3m $126.3m 3.14% Added +9.2k +9,230
38 Cerity Partners LLC 0.15% of their portfolio NEW YORK, NY 798,791798.8k $126.2m $126.2m 0.15% Added +24.1k +24,083
39 BANK OF MONTREAL /CAN/ 0.04% of their portfolio TORONTO, A6 750,642750.6k $118.6m $118.6m 0.04% Reduced -1.7k -1,700
40 One Day In July LLC 8.22% of their portfolio BURLINGTON, VT 748,425748.4k $118.3m $118.3m 8.22% Added +17.3k +17,343
41 Martel Wealth Advisors LLC 18.58% of their portfolio VANCOUVER, WA 747,548747.5k $118.1m $118.1m 18.58% Added +12.2k +12,208
42 Auto-Owners Insurance Co 2.58% of their portfolio LANSING, MI 724,200724.2k $114.4m $114.4m 2.58% Reduced -311.5k -311,500
43 Allworth Financial LP 0.48% of their portfolio FOLSOM, CA 715,436715.4k $113.1m $113.1m 0.48% Reduced -34.1k -34,109
44 Corient Private Wealth LP 0.15% of their portfolio MIAMI, FL 701,058701.1k $110.8m $110.8m 0.15% Reduced -22.8k -22,800
45 Equitable Holdings, Inc. 0.65% of their portfolio NEW YORK, NY 686,126686.1k $108.4m $108.4m 0.65% Reduced -6.1k -6,097
46 HCR Wealth Advisors 9.28% of their portfolio LOS ANGELES, CA 656,338656.3k $103.7m $103.7m 9.28% Added +10.3k +10,349
47 INSPIRION WEALTH ADVISORS, LLC 11.46% of their portfolio LIBERTYVILLE, IL 631,801631.8k $100.0m $100.0m 11.46% Added +45.0k +44,992
48 Stratos Wealth Partners, LTD. 1.00% of their portfolio BEACHWOOD, OH 631,378631.4k $99.8m $99.8m 1.00% Added +3.5k +3,500
49 MML INVESTORS SERVICES, LLC 0.20% of their portfolio SPRINGFIELD, MA 627,405627.4k $99.1m $99.1m 0.20% Added +104.9k +104,879
50 ASSETMARK, INC 0.16% of their portfolio CONCORD, CA 581,756581.8k $91.9m $91.9m 0.16% Reduced -80.3k -80,277
51 SBI Securities Co., Ltd. 2.08% of their portfolio TOKYO, M0 579,951580.0k $91.6m $91.6m 2.08% Reduced -6.4k -6,382
52 Mariner, LLC 0.09% of their portfolio Overland Park, KS 567,887567.9k $89.7m $89.7m 0.09% Reduced -15.2k -15,185
53 MARINO, STRAM & ASSOCIATES LLC 14.29% of their portfolio BRAINTREE, MA 567,525567.5k $89.7m $89.7m 14.29% Added +7.8k +7,765
54 Focus Partners Wealth 0.09% of their portfolio ST LOUIS, MO 567,493567.5k $89.7m $89.7m 0.09% Added +40.3k +40,271
55 PINNACLE ASSOCIATES LTD 0.96% of their portfolio NEW YORK, NY 556,485556.5k $87.9m $87.9m 0.96% Added +5.7k +5,711
56 Mesirow Financial Investment Management, Inc. 1.38% of their portfolio CHICAGO, IL 554,044554.0k $87.6m $87.6m 1.38% Added +1.6k +1,580
57 Waverly Advisors, LLC 0.50% of their portfolio BIRMINGHAM, AL 544,941544.9k $86.1m $86.1m 0.50% Added +107.9k +107,941
58 Steward Partners Investment Advisory, LLC 0.42% of their portfolio STAMFORD, CT 517,115517.1k $81.7m $81.7m 0.42% Added +382 +382
59 ARTHUR M. COHEN & ASSOCIATES, LLC 2.44% of their portfolio NORTHBROOK, IL 498,844498.8k $15.6m $15.6m 2.44% Added +401.8k +401,842
60 AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio Greenwich, CT 476,821476.8k $75.4m $75.4m 0.03% Added +37.0k +36,976
61 Arlington Trust Co LLC 6.13% of their portfolio BIRMINGHAM, AL 459,352459.4k $72.6m $72.6m 6.13% Added +1.9k +1,940
62 Baltimore-Washington Financial Advisors, Inc. 2.51% of their portfolio Columbia, MD 425,390425.4k $67.2m $67.2m 2.51% Added +4.2k +4,197
63 Wealthcare Advisory Partners LLC 1.20% of their portfolio WEST CHESTER, PA 401,762401.8k $63.5m $63.5m 1.20% Added +4.8k +4,817
64 Smithfield Trust Co 2.47% of their portfolio PITTSBURGH, PA 390,879390.9k $61.7m $61.7m 2.47% Reduced -5.3k -5,327
65 Integrated Wealth Concepts LLC 0.30% of their portfolio WALTHAM, MA 383,216383.2k $60.6m $60.6m 0.30% Added +150.9k +150,934
66 Cornerstone Advisory, LLC 5.00% of their portfolio HUNT VALLEY, MD 381,419381.4k $60.3m $60.3m 5.00% Added +27.7k +27,699
67 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 381,117381.1k $60.2m $60.2m 0.03% Added +35.4k +35,440
68 Waldron Private Wealth LLC 2.05% of their portfolio BRIDGEVILLE, PA 375,558375.6k $59.3m $59.3m 2.05% Reduced -1.3k -1,348
69 FMR LLC 0.00% of their portfolio BOSTON, MA 368,755368.8k $58.3m $58.3m 0.00% Added +23.3k +23,345
70 COMMERCE BANK 0.25% of their portfolio KANSAS CITY, MO 366,684366.7k $57.9m $57.9m 0.25% Reduced -2.3k -2,275
71 Olistico Wealth, LLC 0.16% of their portfolio TULSA, OK 365,939365.9k $381.6k $381.6k 0.16% Added +363.5k +363,524
72 HANCOCK WHITNEY CORP 0.95% of their portfolio GULFPORT, MS 361,160361.2k $57.1m $57.1m 0.95% Reduced -12.3k -12,333
73 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.10% of their portfolio PLYMOUTH, MN 353,157353.2k $56.9m $56.9m 0.10% Added +7.7k +7,678
74 DAVENPORT & Co LLC 0.28% of their portfolio RICHMOND, VA 352,667352.7k $55.7m $55.7m 0.28% Added +17.3k +17,336
75 KEYBANK NATIONAL ASSOCIATION/OH 0.18% of their portfolio BROOKLYN, OH 343,741343.7k $54.3m $54.3m 0.18% Added +13.2k +13,164
76 Zhang Financial LLC 1.59% of their portfolio PORTAGE, MI 343,695343.7k $54.3m $54.3m 1.59% Added +14.0k +14,014
77 NewEdge Advisors, LLC 0.16% of their portfolio NEW ORLEANS, LA 342,284342.3k $54.1m $54.1m 0.16% Added +4.8k +4,813
78 White Lighthouse Investment Management Inc. 6.73% of their portfolio BEDFORD, MA 341,684341.7k $54.0m $54.0m 6.73% Reduced -41.3k -41,323
79 Private Advisor Group, LLC 0.25% of their portfolio MORRISTOWN, NJ 338,797338.8k $53.5m $53.5m 0.25% Reduced -43.9k -43,867
80 Beacon Pointe Advisors, LLC 0.25% of their portfolio NEWPORT BEACH, CA 336,885336.9k $53.2m $53.2m 0.25% Added +69.6k +69,642
81 MBM WEALTH CONSULTANTS, LLC 10.04% of their portfolio CHESTERFIELD, MO 329,351329.4k $52.0m $52.0m 10.04% Reduced -2.0k -2,025
82 Round Rock Advisors LLC 6.61% of their portfolio WILTON, CT 324,884324.9k $51.3m $51.3m 6.61% Added +12.0k +11,988
83 Operose Advisors LLC 9.87% of their portfolio MILWAUKEE, WI 323,133323.1k $51.1m $51.1m 9.87% Reduced -4.4k -4,409
84 Alliance Wealth Advisors, LLC /UT 9.61% of their portfolio Centerville, UT 322,587322.6k $51.0m $51.0m 9.61% Added +73.7k +73,749
85 MONETA GROUP INVESTMENT ADVISORS LLC 0.37% of their portfolio ST LOUIS, MO 314,360314.4k $49.7m $49.7m 0.37% Reduced -18.5k -18,503
86 Pinnacle Wealth Management Advisory Group, LLC 2.94% of their portfolio RED BANK, NJ 312,243312.2k $49.3m $49.3m 2.94% Added +5.3k +5,338
87 Merit Financial Group, LLC 0.29% of their portfolio ALPHARETTA, GA 294,968295.0k $46.6m $46.6m 0.29% Added +4.1k +4,063
88 Twele Capital Management, Inc. 7.56% of their portfolio MINNETONKA, MN 293,079293.1k $46.3m $46.3m 7.56% Reduced -5.1k -5,146
89 SEI INVESTMENTS CO 0.04% of their portfolio OAKS, PA 292,707292.7k $46.3m $46.3m 0.04% Added +2.6k +2,579
90 Heartwood Wealth Advisors LLC 3.41% of their portfolio RICHMOND, VA 277,781277.8k $43.9m $43.9m 3.41% Added +8.9k +8,859
91 Valmark Advisers, Inc. 0.46% of their portfolio AKRON, OH 272,000272.0k $43.0m $43.0m 0.46% Added +9.0k +8,985
92 Clearstead Advisors, LLC 0.40% of their portfolio CLEVELAND, OH 271,152271.2k $42.9m $42.9m 0.40% Added +75.4k +75,383
93 Lido Advisors, LLC 0.15% of their portfolio Los Angeles, CA 270,440270.4k $42.7m $42.7m 0.15% Added +12.0k +11,974
94 ACT WEALTH MANAGEMENT, LLC 12.56% of their portfolio PLANO, TX 270,374270.4k $42.7m $42.7m 12.56% Added +1.6k +1,602
95 Allen Investment Management, LLC 0.50% of their portfolio NEW YORK, NY 268,026268.0k $42.4m $42.4m 0.50% Added +103.8k +103,818
96 M&T Bank Corp 0.12% of their portfolio BUFFALO, NY 265,343265.3k $41.9m $41.9m 0.12% Reduced -16.7k -16,733
97 Apella Capital, LLC 0.59% of their portfolio WEST HARTFORD, CT 259,947259.9k $41.8m $41.8m 0.59% Reduced -15.4k -15,406
98 NEW ENGLAND ASSET MANAGEMENT INC 4.75% of their portfolio FARMINGTON, CT 259,525259.5k $41.0m $41.0m 4.75% Added +1.9k +1,900
99 Crews Bank & Trust 5.14% of their portfolio PORT CHARLOTTE, FL 249,044249.0k $39.4m $39.4m 5.14% Added +2.7k +2,709
100 Human Investing LLC 5.07% of their portfolio LAKE OSWEGO, OR 247,277247.3k $39.1m $39.1m 5.07% Reduced -644 -644