Vault-13

VANGUARD WHITEHALL FDS VWOB

EM MK GOV BD ETF · ETP · CUSIP 921946885

451 institutional holders +62 vs Q3 2025
58,094,74558.1m shares reported held*
$3.9bnreported value*
69 new 214 added 96 reduced 20 sold out net bought ≈ $155.8m (+2.3m 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 ($11.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $67.41. Options: 0 managers hold calls (— notional), 1 hold puts ($675.3k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 242Q4 22: 288Q1 23: 305Q2 23: 301Q3 23: 310Q4 23: 339Q1 24: 335Q2 24: 348Q3 24: 364Q4 24: 392Q1 25: 386Q2 25: 392Q3 25: 389Q4 25: 451451Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022242
Q4 2022288
Q1 2023305
Q2 2023301
Q3 2023310
Q4 2023339
Q1 2024335
Q2 2024348
Q3 2024364
Q4 2024392
Q1 2025386
Q2 2025392
Q3 2025389
Q4 2025451

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 192 bought or addedQ1 24: 137 cut or sold outQ2 24: 190 bought or addedQ2 24: 137 cut or sold outQ2 24Q3 24: 198 bought or addedQ3 24: 144 cut or sold outQ4 24: 210 bought or addedQ4 24: 148 cut or sold outQ4 24Q1 25: 200 bought or addedQ1 25: 169 cut or sold outQ2 25: 204 bought or addedQ2 25: 161 cut or sold outQ2 25Q3 25: 221 bought or addedQ3 25: 143 cut or sold outQ4 25: 283 bought or addedQ4 25: 116 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024192137
Q2 2024190137
Q3 2024198144
Q4 2024210148
Q1 2025200169
Q2 2025204161
Q3 2025221143
Q4 2025283116

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 25 calls: $0Q1 25 puts: $892.5kQ1 25P/C —Q2 25 calls: $235.3kQ2 25 puts: $1.5mQ2 25P/C 6.25Q3 25 calls: $0Q3 25 puts: $16.0mQ3 25P/C —Q4 25 calls: $0Q4 25 puts: $675.3kQ4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$892.5k—
Q2 2025$235.3k$1.5m6.25
Q3 2025$0$16.0m—
Q4 2025$0$675.3k—

Biggest buyers

Wealthfront Advisers LLC New +2,718,619+2.7m
Betterment LLC Added +1,345,061+1.3m
Corient Private Wealth LP New +546,296+546.3k
Allianz SE New +377,100+377.1k
POTOMAC FUND MANAGEMENT INC /ADV New +374,164+374.2k
Marks Wealth, LLC New +247,679+247.7k
BlueStem Wealth Partners, LLC New +178,188+178.2k
Union Bancaire Privee, UBP SA Added +149,535+149.5k
SEI INVESTMENTS CO Added +141,261+141.3k
ENVESTNET ASSET MANAGEMENT INC Added +139,048+139.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -4,062,144-4.1m
D. E. Shaw & Co., Inc. Reduced -504,014-504.0k
BANK OF AMERICA CORP /DE/ Reduced -248,781-248.8k
Bank Julius Baer & Co. Ltd, Zurich Reduced -176,327-176.3k
Sanctuary Advisors, LLC Reduced -169,883-169.9k
FLOW TRADERS U.S. LLC Reduced -168,618-168.6k
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Reduced -163,958-164.0k
Sumitomo Mitsui DS Asset Management Company, Ltd Reduced -155,225-155.2k
New York Life Investment Management LLC Sold out -127,840-127.8k
RENAISSANCE TECHNOLOGIES LLC Reduced -106,314-106.3k

Biggest calls

None

Biggest puts

SIMPLEX TRADING, LLC Reduced $675.3k5.3k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Betterment LLC 0.60% of their portfolio NEW YORK, NY 4,659,7474.7m $314.2m $314.2m 0.60% Added +1.3m +1,345,061
2 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 4,117,0684.1m $277.6m $277.6m 0.02% Reduced -4.1m -4,062,144
3 SEI INVESTMENTS CO 0.26% of their portfolio OAKS, PA 3,897,2333.9m $262.8m $262.8m 0.26% Added +141.3k +141,261
4 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 3,428,7953.4m $231.2m $231.2m 0.02% Reduced -248.8k -248,781
5 ROYAL BANK OF CANADA 0.04% of their portfolio TORONTO, A6 3,121,4053.1m $210.5m $210.5m 0.04% Added +102.6k +102,646
6 Wealthfront Advisers LLC 0.41% of their portfolio Palo Alto, CA 2,718,6192.7m $183.3m $183.3m 0.41% New
7 ENVESTNET ASSET MANAGEMENT INC 0.04% of their portfolio Berwyn, PA 2,198,2792.2m $148.2m $148.2m 0.04% Added +139.0k +139,048
8 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 1,717,9481.7m $115.8m $115.8m 0.03% Added +116.9k +116,871
9 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,696,8191.7m $114.4m $114.4m 0.01% Reduced -64.9k -64,941
10 PNC Financial Services Group, Inc. 0.05% of their portfolio Pittsburgh, PA 1,331,0271.3m $89.8m $89.8m 0.05% Added +23.1k +23,055
11 Savant Capital, LLC 0.51% of their portfolio ROCKFORD, IL 1,326,6291.3m $89.5m $89.5m 0.51% Reduced -2.4k -2,352
12 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 1,303,4131.3m $87.9m $87.9m 0.02% Reduced -43.6k -43,584
13 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,259,6901.3m $84.9m $84.9m 0.02% Reduced -24.9k -24,859
14 Varma Mutual Pension Insurance Co 0.51% of their portfolio Varma, H9 1,250,0001.2m $84.3m $84.3m 0.51% Unchanged
15 MATHER GROUP, LLC. 0.65% of their portfolio CHICAGO, IL 935,827935.8k $63.1m $63.1m 0.65% Added +26.7k +26,718
16 Bank Julius Baer & Co. Ltd, Zurich 0.14% of their portfolio ZURICH, V8 757,847757.8k $51.1m $51.1m 0.14% Reduced -176.3k -176,327
17 Sumitomo Mitsui DS Asset Management Company, Ltd 0.39% of their portfolio TOKYO, M0 735,670735.7k $49.6m $49.6m 0.39% Reduced -155.2k -155,225
18 UBS Group AG 0.01% of their portfolio ZURICH, V8 725,373725.4k $48.9m $48.9m 0.01% Added +3.8k +3,810
19 Kestra Investment Management, LLC 0.99% of their portfolio AUSTIN, TX 598,995599.0k $40.4m $40.4m 0.99% Added +89.0k +88,987
20 JONES FINANCIAL COMPANIES LLLP 0.02% of their portfolio DES PERES, MO 596,518596.5k $40.2m $40.2m 0.02% Added +103.0k +103,003
21 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 546,296546.3k $36.8m $36.8m 0.02% New
22 SUMITOMO LIFE INSURANCE CO 0.93% of their portfolio TOKYO, M0 502,300502.3k $33.9m $33.9m 0.93% Added +126.3k +126,300
23 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 470,538470.5k $31.7m $31.7m 0.03% Added +54.4k +54,445
24 Advisory Alpha, LLC 0.74% of their portfolio HOLLAND, MI 404,489404.5k $27.3m $27.3m 0.74% Added +9.2k +9,236
25 BlueSky Wealth Advisors, LLC 3.50% of their portfolio New Bern, NC 393,574393.6k $26.5m $26.5m 3.50% Added +15.7k +15,698
26 Tidal Investments LLC 0.11% of their portfolio Milwaukee, WI 391,624391.6k $26.4m $26.4m 0.11% Added +98.4k +98,380
27 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 388,620388.6k $26.2m $26.2m 0.01% Added +71.1k +71,062
28 McIlrath & Eck, LLC 2.42% of their portfolio ARLINGTON, WA 386,534386.5k $26.1m $26.1m 2.42% Added +40.2k +40,169
29 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 383,250383.2k $25.8m $25.8m 0.01% Added +55.5k +55,483
30 Allianz SE 0.33% of their portfolio Munich, 2M 377,100377.1k $25.4m $25.4m 0.33% New
31 POTOMAC FUND MANAGEMENT INC /ADV 0.93% of their portfolio BETHESDA, MD 374,164374.2k $25.2m $25.2m 0.93% New
32 ASSETMARK, INC 0.05% of their portfolio CONCORD, CA 349,291349.3k $23.6m $23.6m 0.05% Added +75.3k +75,341
33 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 338,365338.4k $22.8m $22.8m 0.03% Reduced -77.7k -77,710
34 Greystone Financial Group, LLC 3.46% of their portfolio BLOOMFIELD HILLS, MI 328,816328.8k $22.2m $22.2m 3.46% Added +3.8k +3,812
35 Checchi Capital Advisers, LLC 1.35% of their portfolio BEVERLY HILLS, CA 294,878294.9k $19.9m $19.9m 1.35% Added +16.7k +16,669
36 Keudell/Morrison Wealth Management 4.16% of their portfolio Salem, OR 293,514293.5k $19.8m $19.8m 4.16% First filing
37 CAPE COD FIVE CENTS SAVINGS BANK 1.70% of their portfolio HYANNIS, MA 279,578279.6k $18.6m $18.6m 1.70% Unchanged
38 Trust Co 1.68% of their portfolio MANHATTAN, KS 266,343266.3k $18.0m $18.0m 1.68% Added +12.5k +12,544
39 Marks Wealth, LLC 5.59% of their portfolio ELLICOTT CITY, MD 247,679247.7k $16.7m $16.7m 5.59% New
40 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 246,000246.0k $16.6m $16.6m 0.05% Added +122.0k +122,000
41 Marotta Asset Management 3.02% of their portfolio CHARLOTTESVILLE, VA 242,172242.2k $16.3m $16.3m 3.02% Reduced -1.3k -1,277
42 REGIMEN WEALTH, LLC 4.54% of their portfolio ATLANTA, GA 230,388230.4k $15.5m $15.5m 4.54% Added +4.2k +4,227
43 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 0.45% of their portfolio Altamonte Springs, FL 223,842223.8k $15.1m $15.1m 0.45% Reduced -164.0k -163,958
44 BENJAMIN EDWARDS INC 0.17% of their portfolio Clayton, MO 222,886222.9k $15.0m $15.0m 0.17% Added +7.7k +7,670
45 Financial Alternatives, Inc 8.66% of their portfolio LA JOLLA, CA 220,994221.0k $14.9m $14.9m 8.66% Added +14.9k +14,934
46 Strategic Financial Services, Inc. 0.69% of their portfolio UTICA, NY 220,844220.8k $14.9m $14.9m 0.69% Added +9.2k +9,178
47 Columbus Macro, LLC 1.63% of their portfolio NEW CASTLE, PA 220,202220.2k $14.8m $14.8m 1.63% Added +13.3k +13,278
48 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 218,207218.2k $14.7m $14.7m 0.02% Added +12.1k +12,082
49 Financial Gravity Asset Management, Inc. 2.81% of their portfolio Lakeway, TX 216,296216.3k $14.6m $14.6m 2.81% Added +12.0k +11,991
50 Marion Wealth Management 3.01% of their portfolio MONROEVILLE, PA 200,128200.1k $13.6m $13.6m 3.01% Added +6.9k +6,868
51 BlackRock, Inc. 0.00% of their portfolio New York, NY 195,473195.5k $13.2m $13.2m 0.00% Added +87.0k +86,996
52 BlueStem Wealth Partners, LLC 1.33% of their portfolio MINNETONKA, MN 178,188178.2k $12.0m $12.0m 1.33% New
53 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 170,184170.2k $11.5m $11.5m 0.01% Added +9.0k +9,016
54 Hurlow Wealth Management Group, Inc. 2.77% of their portfolio BLOOMINGTON, IN 167,881167.9k $11.3m $11.3m 2.77% Added +11.9k +11,898
55 FAIRVIEW CAPITAL INVESTMENT MANAGEMENT, LLC 0.55% of their portfolio Greenbrae, CA 160,127160.1k $10.8m $10.8m 0.55% Reduced -2.1k -2,075
56 W.G. Shaheen & Associates DBA Whitney & Co 0.83% of their portfolio ROCHESTER, NY 154,589154.6k $10.4m $10.4m 0.83% Added +728 +728
57 Union Bancaire Privee, UBP SA 0.12% of their portfolio GENEVA 1, V8 152,070152.1k $10.2m $10.2m 0.12% Added +149.5k +149,535
58 Avior Wealth Management, LLC 0.31% of their portfolio OMAHA, NE 149,620149.6k $10.1m $10.1m 0.31% Added +8.4k +8,406
59 TD PRIVATE CLIENT WEALTH LLC 0.20% of their portfolio NEW YORK, NY 139,246139.2k $9.4m $9.4m 0.20% Added +12.9k +12,924
60 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 138,863138.9k $9.4m $9.4m 0.02% Added +8.3k +8,314
61 GP Brinson Investments LLC 3.97% of their portfolio Chicago, IL 136,580136.6k $9.2m $9.2m 3.97% Added +50.1k +50,100
62 Hilltop Partners LLC 2.32% of their portfolio MISHAWAKA, IN 133,486133.5k $9.0m $9.0m 2.32% Added +5.3k +5,311
63 Mariner, LLC 0.01% of their portfolio Overland Park, KS 130,986131.0k $8.8m $8.8m 0.01% Added +7.5k +7,473
64 North Ridge Wealth Advisors, Inc. 4.89% of their portfolio BEAVERTON, OR 129,505129.5k $8.7m $8.7m 4.89% Added +3.5k +3,525
65 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 127,315127.3k $8.6m $8.6m 0.01% Added +56.8k +56,767
66 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 122,579122.6k $8.3m $8.3m 0.04% Added +38.8k +38,768
67 City State Bank 2.10% of their portfolio NORWALK, IA 113,755113.8k $7.7m $7.7m 2.10% Added +5.8k +5,849
68 NorthCoast Asset Management LLC 0.17% of their portfolio STAMFORD, CT 111,490111.5k $7.5m $7.5m 0.17% New
69 Onyx Bridge Wealth Group LLC 0.79% of their portfolio TARRYTOWN, NY 109,724109.7k $7.4m $7.4m 0.79% Added +25.8k +25,829
70 FLOW TRADERS U.S. LLC 0.24% of their portfolio NEW YORK, NY 109,607109.6k $7.4m $7.4m 0.24% Reduced -168.6k -168,618
71 Yeomans Consulting Group, Inc. 2.12% of their portfolio Marietta, GA 107,410107.4k $7.2m $7.2m 2.12% Added +61.4k +61,398
72 Robinswood Financial LLC 2.31% of their portfolio KIRKLAND, WA 106,934106.9k $7.2m $7.2m 2.31% Added +4.0k +4,039
73 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 104,020104.0k $7.0m $7.0m 0.03% Added +10.6k +10,621
74 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 103,125103.1k $7.0m $7.0m 0.01% Reduced -21.1k -21,067
75 L2 Asset Management, LLC 0.89% of their portfolio Wayland, MA 98,51498.5k $6.6m $6.6m 0.89% Added +1.4k +1,379
76 SWAN Capital LLC 2.55% of their portfolio PENSACOLA, FL 97,07997.1k $6.5m $6.5m 2.55% Added +14.2k +14,245
77 LARCH CAPITAL PARTNERS LLC 0.87% of their portfolio MIAMI, FL 94,59994.6k $6.4m $6.4m 0.87% First filing
78 Ameraudi Asset Management, Inc. 3.48% of their portfolio New York, NY 93,90193.9k $6.3m $6.3m 3.48% Added +9.6k +9,599
79 Merit Financial Group, LLC 0.05% of their portfolio ALPHARETTA, GA 92,58692.6k $6.2m $6.2m 0.05% Added +1.6k +1,609
80 OneDigital Investment Advisors LLC 0.06% of their portfolio OVERLAND PARK, KS 90,08590.1k $6.1m $6.1m 0.06% Reduced -3.7k -3,674
81 Beacon Pointe Advisors, LLC 0.04% of their portfolio NEWPORT BEACH, CA 89,62789.6k $6.0m $6.0m 0.04% Added +1.6k +1,608
82 OpenArc Corporate Advisory, LLC 0.10% of their portfolio ATLANTA, GA 88,65088.7k $6.0m $6.0m 0.10% First filing
83 BROWN WEALTH MANAGEMENT, LLC 1.57% of their portfolio NAPERVILLE, IL 88,63788.6k $6.0m $6.0m 1.57% Added +532 +532
84 Sanctuary Advisors, LLC 0.03% of their portfolio INDIANAPOLIS, IN 84,24284.2k $5.7m $5.7m 0.03% Reduced -169.9k -169,883
85 TD Waterhouse Canada Inc. 0.03% of their portfolio TORONTO, A6 82,84682.8k $5.6m $5.6m 0.03% Added +46.4k +46,383
86 Nilsine Partners, LLC 0.48% of their portfolio GREENWOOD VILLAGE, CO 81,40281.4k $5.5m $5.5m 0.48% Added +4.9k +4,905
87 KITCHING PARTNERS, LLC 5.00% of their portfolio CONSHOHOCKEN, PA 81,26881.3k $5.5m $5.5m 5.00% Added +12.4k +12,377
88 DIVERSIFY WEALTH MANAGEMENT, LLC 0.25% of their portfolio SANDY, UT 79,64379.6k $5.4m $5.4m 0.25% Added +13.4k +13,392
89 Plan Group Financial, LLC 1.39% of their portfolio OKLAHOMA CITY, OK 79,61779.6k $5.4m $5.4m 1.39% Added +15.3k +15,255
90 Royal Fund Management, LLC 0.48% of their portfolio Lady Lake, FL 77,36677.4k $5.2m $5.2m 0.48% Added +41.4k +41,424
91 LFA - Lugano Financial Advisors SA 2.68% of their portfolio LUGANO, V8 76,89676.9k $5.2m $5.2m 2.68% Reduced -324 -324
92 Perigon Wealth Management, LLC 0.09% of their portfolio SAN FRANCISCO, CA 76,11976.1k $5.1m $5.1m 0.09% Added +7.4k +7,401
93 Virtus Family Office LLC 4.38% of their portfolio EL PASO, TX 75,28475.3k $5.1m $5.1m 4.38% Reduced -1.5k -1,529
94 AMERICAN FINANCIAL & TAX STRATEGIES INC 2.47% of their portfolio NEW YORK, NY 73,56873.6k $5.0m $5.0m 2.47% Added +3.0k +3,020
95 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 73,44773.4k $5.0m $5.0m 0.00% Reduced -504.0k -504,014
96 Asset Management One Co., Ltd. 0.01% of their portfolio TOKYO, M0 70,34070.3k $4.8m $4.8m 0.01% Added +2.8k +2,840
97 CWM, LLC 0.01% of their portfolio OMAHA, NE 70,28570.3k $4.7m $4.7m 0.01% Reduced -442 -442
98 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 70,10070.1k $4.7m $4.7m 0.01% Reduced -106.3k -106,314
99 SageView Advisory Group, LLC 0.16% of their portfolio Newport Beach, CA 69,49169.5k $4.7m $4.7m 0.16% Reduced -5.0k -4,990
100 Advisory Services Network, LLC 0.07% of their portfolio ATLANTA, GA 68,97869.0k $4.7m $4.7m 0.07% Added +20.2k +20,245