Vault-13

VANGUARD INSTL INDEX FD VBIL

0-3 MO TREAS BIL · ETP · CUSIP 922040845

340 institutional holders +66 vs Q4 2025
39,841,27739.8m shares reported held*
$3.0bnreported value*
83 new 145 added 85 reduced 19 sold out net bought ≈ $1.0bn (+13.6m 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 ($321.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $75.64.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400Q1 25: 50Q2 25: 135Q3 25: 204Q4 25: 274Q1 26: 340340Q1 25Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q1 202550
Q2 2025135
Q3 2025204
Q4 2025274
Q1 2026340

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 25: 121 bought or addedQ2 25: 12 cut or sold outQ2 25Q3 25: 168 bought or addedQ3 25: 37 cut or sold outQ3 25Q4 25: 186 bought or addedQ4 25: 73 cut or sold outQ4 25Q1 26: 228 bought or addedQ1 26: 104 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202512112
Q3 202516837
Q4 202518673
Q1 2026228104

Biggest buyers

WIT, LLC New +2,647,432+2.6m
Elm Partners Management LLC Added +1,733,722+1.7m
FSA Investment Group, LLC New +807,654+807.7k
BetterWealth, LLC Added +634,105+634.1k
Nicholas Hoffman & Company, LLC. Added +564,607+564.6k
ARMSTRONG ADVISORY GROUP, INC Added +560,726+560.7k
Oxbow Advisors, LLC Added +547,885+547.9k
BANK OF AMERICA CORP /DE/ Added +495,701+495.7k
UBS Group AG Added +467,461+467.5k
GREENHAVEN ASSOCIATES INC Added +423,700+423.7k

Biggest sellers

HSBC HOLDINGS PLC Reduced -243,400-243.4k
FLPUTNAM INVESTMENT MANAGEMENT CO Reduced -197,379-197.4k
EverSource Wealth Advisors, LLC Reduced -174,122-174.1k
COMMUNITY TRUST & INVESTMENT CO Reduced -157,037-157.0k
Delta Investment Management, LLC Reduced -147,236-147.2k
Brookstone Capital Management Reduced -119,488-119.5k
JANE STREET GROUP, LLC Sold out -103,012-103.0k
Tower Research Capital LLC (TRC) Reduced -96,040-96.0k
CENTRAL TRUST Co Reduced -89,539-89.5k
Savant Capital, LLC Reduced -84,566-84.6k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WIT, LLC 3.78% of their portfolio DISTRICT OF COLUMBIA, DC 2,647,4322.6m $200.3m $200.3m 3.78% New
2 Nicholas Hoffman & Company, LLC. 4.13% of their portfolio ATLANTA, GA 2,365,0182.4m $178.9m $178.9m 4.13% Added +564.6k +564,607
3 Oxbow Advisors, LLC 14.70% of their portfolio Austin, TX 2,285,6972.3m $172.9m $172.9m 14.70% Added +547.9k +547,885
4 Evanson Asset Management, LLC 7.63% of their portfolio CARMEL, CA 1,879,6811.9m $142.2m $142.2m 7.63% Reduced -24.4k -24,437
5 Elm Partners Management LLC 6.04% of their portfolio Philadelphia, PA 1,842,6201.8m $139.4m $139.4m 6.04% Added +1.7m +1,733,722
6 SCS Capital Management LLC 1.19% of their portfolio BOSTON, MA 1,483,8431.5m $112.3m $112.3m 1.19% Added +113.1k +113,145
7 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,412,8631.4m $106.9m $106.9m 0.01% Added +495.7k +495,701
8 ARMSTRONG ADVISORY GROUP, INC 6.22% of their portfolio NEEDHAM, MA 1,225,4241.2m $92.7m $92.7m 6.22% Added +560.7k +560,726
9 GREENHAVEN ASSOCIATES INC 1.49% of their portfolio Purchase, NY 1,196,4251.2m $90.5m $90.5m 1.49% Added +423.7k +423,700
10 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,024,8721.0m $77.5m $77.5m 0.01% Added +467.5k +467,461
11 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 942,160942.2k $71.3m $71.3m 0.01% Added +165.4k +165,404
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 939,082939.1k $71.0m $71.0m 0.00% Added +375.8k +375,765
13 FSA Investment Group, LLC 24.59% of their portfolio Pensacola, FL 807,654807.7k $61.1m $61.1m 24.59% New
14 Bridgewealth Advisory Group, LLC 12.45% of their portfolio Fresno, CA 793,228793.2k $60.0m $60.0m 12.45% Added +160.2k +160,239
15 BetterWealth, LLC 9.72% of their portfolio SAN JOSE, CA 655,107655.1k $49.6m $49.6m 9.72% Added +634.1k +634,105
16 Bragg Financial Advisors, Inc 1.45% of their portfolio CHARLOTTE, NC 605,802605.8k $45.8m $45.8m 1.45% Reduced -4.2k -4,219
17 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 529,101529.1k $40.0m $40.0m 0.05% Added +44.9k +44,905
18 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 477,464477.5k $36.1m $36.1m 0.01% Added +157.1k +157,120
19 Cypress Capital, LLC 10.00% of their portfolio FRANKLIN, TN 464,276464.3k $35.1m $35.1m 10.00% Added +23.7k +23,743
20 Apella Capital, LLC 0.51% of their portfolio WEST HARTFORD, CT 454,601454.6k $34.4m $34.4m 0.51% Added +310.3k +310,307
21 AWM CAPITAL, LLC 2.70% of their portfolio Phoenix, AZ 394,239394.2k $29.8m $29.8m 2.70% Added +370.0k +370,046
22 Pathway Financial Advisors LLC 3.58% of their portfolio SOUTH BURLINGTON, VT 383,517383.5k $28.9m $28.9m 3.58% Reduced -25.8k -25,807
23 Altiora Financial Group, LLC 4.69% of their portfolio LEBANON, OH 376,280376.3k $28.5m $28.5m 4.69% Added +68.1k +68,143
24 Fortitude Family Office, LLC 5.72% of their portfolio SCOTTSDALE, AZ 336,427336.4k $25.5m $25.5m 5.72% Added +53.6k +53,568
25 SYKON CAPITAL LLC 8.33% of their portfolio HARRISON, NY 330,408330.4k $25.0m $25.0m 8.33% Added +326.6k +326,552
26 Garde Capital, Inc. 1.37% of their portfolio SEATTLE, WA 302,794302.8k $22.9m $22.9m 1.37% New
27 Red Wave Investments LLC 6.37% of their portfolio DILLSBURG, PA 281,795281.8k $21.3m $21.3m 6.37% Added +25.6k +25,602
28 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 273,586273.6k $20.7m $20.7m 0.01% Added +81.6k +81,643
29 Cardinal Point Capital Management ULC 1.27% of their portfolio TORONTO, A6 273,105273.1k $20.7m $20.7m 1.27% New
30 Symmetry Partners, LLC 1.18% of their portfolio GLASTONBURY, CT 273,094273.1k $20.7m $20.7m 1.18% Added +81.3k +81,339
31 THOMPSON SIEGEL & WALMSLEY LLC 0.35% of their portfolio RICHMOND, VA 265,323265.3k $20.1m $20.1m 0.35% Added +33.4k +33,355
32 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 256,897256.9k $19.4m $19.4m 0.01% Added +24.9k +24,899
33 Rossmore Private Capital 1.70% of their portfolio GLASTONBURY, CT 254,961255.0k $19.3m $19.3m 1.70% Added +169.8k +169,793
34 CreativeOne Wealth, LLC 0.45% of their portfolio OVERLAND PARK, KS 254,057254.1k $19.2m $19.2m 0.45% Added +99.3k +99,295
35 EverSource Wealth Advisors, LLC 0.59% of their portfolio BIRMINGHAM, AL 253,575253.6k $19.2m $19.2m 0.59% Reduced -174.1k -174,122
36 Clear Creek Financial Management, LLC 1.41% of their portfolio SILVERDALE, WA 243,010243.0k $18.4m $18.4m 1.41% Added +71.7k +71,745
37 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 237,000237.0k $17.9m $17.9m 0.01% Reduced -243.4k -243,400
38 Whitaker-Myers Wealth Managers, LTD. 3.52% of their portfolio Mansfield, OH 233,623233.6k $17.7m $17.7m 3.52% Added +36.7k +36,741
39 LRI Investments, LLC 1.47% of their portfolio PALM BEACH GARDENS, FL 219,148219.1k $16.6m $16.6m 1.47% Added +2.0k +1,972
40 Tortoise Investment Management, LLC 1.28% of their portfolio WHITE PLAINS, NY 205,702205.7k $15.6m $15.6m 1.28% Added +126.5k +126,510
41 Miller Investment Management, LP 1.47% of their portfolio WEST CONSHOHOCKEN, PA 195,900195.9k $14.8m $14.8m 1.47% Added +15.0k +15,000
42 Blume Capital Management, Inc. 2.51% of their portfolio BERKELEY, CA 195,049195.0k $14.8m $14.8m 2.51% Added +39.8k +39,777
43 Rialto Wealth Management, LLC 3.26% of their portfolio SYRACUSE, NY 191,937191.9k $14.5m $14.5m 3.26% Added +10.1k +10,137
44 Roehl & Yi Investment Advisors, LLC 5.31% of their portfolio Eugene, OR 187,070187.1k $14.2m $14.2m 5.31% Reduced -12.0k -12,031
45 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 186,967187.0k $14.1m $14.1m 0.01% Added +3.8k +3,839
46 JIM SAULNIER & ASSOCIATES, LLC 6.80% of their portfolio FORT COLLINS, CO 184,791184.8k $14.0m $14.0m 6.80% Added +42.9k +42,911
47 Quantinno Capital Management LP 0.02% of their portfolio NEW YORK, NY 178,324178.3k $13.5m $13.5m 0.02% Added +172.6k +172,599
48 BENJAMIN EDWARDS INC 0.12% of their portfolio Clayton, MO 165,882165.9k $12.5m $12.5m 0.12% Reduced -6.8k -6,792
49 Delta Investment Management, LLC 2.24% of their portfolio SAN FRANCISCO, CA 165,291165.3k $12.5m $12.5m 2.24% Reduced -147.2k -147,236
50 Gross & Hartman Investments LLC 6.20% of their portfolio LEOLA, PA 157,497157.5k $11.9m $11.9m 6.20% Added +28.0k +28,008
51 Roundview Capital LLC 0.73% of their portfolio PRINCETON, NJ 154,293154.3k $11.7m $11.7m 0.73% New
52 RFP Financial Group LLC 6.28% of their portfolio ATLANTA, GA 152,672152.7k $11.5m $11.5m 6.28% Added +117.4k +117,409
53 eCIO, Inc. 4.47% of their portfolio MADISON, WI 134,431134.4k $10.2m $10.2m 4.47% Added +58.8k +58,783
54 Greenline Partners, LLC 1.09% of their portfolio NEW YORK, NY 133,703133.7k $10.1m $10.1m 1.09% Reduced -32.3k -32,327
55 Englebert Financial Advisers, LLC 11.41% of their portfolio Allentown, PA 132,616132.6k $10.0m $10.0m 11.41% Reduced -56.3k -56,319
56 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.06% of their portfolio IRVING, TX 129,998130.0k $9.8m $9.8m 0.06% Added +36.8k +36,827
57 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 118,646118.6k $9.0m $9.0m 0.01% Added +48.6k +48,642
58 Lakewood Asset Management LLC 5.63% of their portfolio NAPERVILLE, IL 116,503116.5k $8.8m $8.8m 5.63% Added +6.4k +6,374
59 HARBOUR INVESTMENT MANAGEMENT LLC 4.75% of their portfolio EDMONDS, WA 115,684115.7k $8.8m $8.8m 4.75% Added +76.1k +76,103
60 SJS Investment Consulting Inc. 1.07% of their portfolio SYLVANIA, OH 115,370115.4k $8.7m $8.7m 1.07% Reduced -4.9k -4,902
61 ANDERSON HOAGLAND & CO 0.73% of their portfolio ST LOUIS, MO 112,279112.3k $8.5m $8.5m 0.73% Added +17.2k +17,250
62 GenTrust, LLC 0.36% of their portfolio MIAMI, FL 112,020112.0k $8.5m $8.5m 0.36% Added +93.7k +93,694
63 Cambria Investment Management, L.P. 0.47% of their portfolio Manhattan Beach, CA 111,941111.9k $8.4m $8.4m 0.47% New
64 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 111,424111.4k $8.4m $8.4m 0.01% Added +35.4k +35,363
65 Stonebridge Financial Group, LLC 0.67% of their portfolio Wormleysburg, PA 106,916106.9k $8.1m $8.1m 0.67% New
66 Summit Global Investments 0.47% of their portfolio BOUNTIFUL, UT 105,857105.9k $8.0m $8.0m 0.47% New
67 CHATHAM CAPITAL GROUP, INC. 1.12% of their portfolio SAVANNAH, GA 102,110102.1k $7.7m $7.7m 1.12% Added +89.0k +89,020
68 Tradition Wealth Management, LLC 0.55% of their portfolio EDINA, MN 101,578101.6k $7.7m $7.7m 0.55% Added +39.1k +39,074
69 ABOUND FINANCIAL, LLC 3.35% of their portfolio GRANITE BAY, CA 101,439101.4k $7.7m $7.7m 3.35% Reduced -6.5k -6,509
70 SAGE RHINO CAPITAL LLC 1.30% of their portfolio MENLO PARK, CA 91,52591.5k $6.9m $6.9m 1.30% Added +36.9k +36,877
71 PFW Advisors LLC 2.18% of their portfolio ATLANTA, GA 91,46391.5k $6.9m $6.9m 2.18% Added +27.2k +27,152
72 Factorial Partners, LLC 5.00% of their portfolio MT. KISCO, NY 91,00091.0k $6.9m $6.9m 5.00% Added +43.9k +43,900
73 Kingsview Wealth Management, LLC 0.09% of their portfolio GRANTS PASS, OR 90,64290.6k $6.9m $6.9m 0.09% Added +6.6k +6,637
74 Cresset Asset Management, LLC 0.03% of their portfolio Chicago, IL 90,24890.2k $6.8m $6.8m 0.03% Reduced -80.2k -80,196
75 First Pacific Advisors, LP 0.10% of their portfolio EL SEGUNDO, CA 90,15990.2k $6.8m $6.8m 0.10% New
76 Astra Wealth Partners LLC 4.24% of their portfolio JERSEY CITY, NJ 88,76088.8k $6.7m $6.7m 4.24% Added +49.9k +49,876
77 Greenspring Advisors, LLC 0.39% of their portfolio Towson, MD 84,87184.9k $6.4m $6.4m 0.39% Added +36.2k +36,246
78 CWA Asset Management Group, LLC 0.22% of their portfolio NAPLES, FL 84,50184.5k $6.4m $6.4m 0.22% Added +41.7k +41,658
79 Perigon Wealth Management, LLC 0.11% of their portfolio SAN FRANCISCO, CA 83,69683.7k $6.3m $6.3m 0.11% Added +4.4k +4,433
80 MRWM Advisors, LLC 3.38% of their portfolio NASHVILLE, TN 82,50582.5k $6.2m $6.2m 3.38% Reduced -8.6k -8,618
81 Fort Point Capital Partners LLC 0.82% of their portfolio San Francisco, CA 82,48882.5k $6.2m $6.2m 0.82% Reduced -38.0k -37,994
82 Foundry Financial LLC 2.60% of their portfolio PASADENA, CA 81,12981.1k $6.1m $6.1m 2.60% Added +20.7k +20,682
83 Brookstone Capital Management 0.07% of their portfolio WHEATON, IL 80,66880.7k $6.1m $6.1m 0.07% Reduced -119.5k -119,488
84 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 79,91479.9k $6.0m $6.0m 0.00% Added +34.9k +34,888
85 Guardian Wealth Management, Inc. 3.17% of their portfolio PEORIA, IL 76,75576.8k $5.8m $5.8m 3.17% Added +70.6k +70,588
86 HANOVER ADVISORS INC 2.32% of their portfolio SENECA, SC 75,50575.5k $5.7m $5.7m 2.32% Reduced -4.1k -4,095
87 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 74,08174.1k $5.6m $5.6m 0.01% Added +32.0k +32,033
88 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 73,35873.4k $5.5m $5.5m 0.01% Added +40.4k +40,373
89 NewEdge Wealth, LLC 0.07% of their portfolio STAMFORD, CT 72,34272.3k $5.5m $5.5m 0.07% Reduced -21.1k -21,082
90 JBR Co Financial Management Inc 2.22% of their portfolio ARDMORE, OK 70,16370.2k $5.3m $5.3m 2.22% Unchanged
91 Robinswood Financial LLC 1.65% of their portfolio KIRKLAND, WA 69,43069.4k $5.3m $5.3m 1.65% Reduced -2.0k -1,962
92 Fortis Advisors, LLC 2.61% of their portfolio WAYNE, PA 68,80868.8k $5.2m $5.2m 2.61% Reduced -10.1k -10,087
93 FLPUTNAM INVESTMENT MANAGEMENT CO 0.08% of their portfolio PORTLAND, ME 67,31167.3k $5.1m $5.1m 0.08% Reduced -197.4k -197,379
94 Planned Solutions, Inc. 1.62% of their portfolio FOLSOM, CA 64,89164.9k $4.9m $4.9m 1.62% Reduced -579 -579
95 Savant Capital, LLC 0.02% of their portfolio ROCKFORD, IL 64,26164.3k $4.9m $4.9m 0.02% Reduced -84.6k -84,566
96 Unison Advisors LLC 0.34% of their portfolio PROVIDENCE, RI 59,45359.5k $4.5m $4.5m 0.34% Added +13.6k +13,609
97 TPG Advisors LLC 2.79% of their portfolio NORTHFIELD, IL 59,21659.2k $4.5m $4.5m 2.79% Added +9.9k +9,899
98 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 58,35258.4k $4.4m $4.4m 0.00% Added +53.6k +53,621
99 SMITH, MOORE & CO. 0.31% of their portfolio CLAYTON, MO 57,21657.2k $4.3m $4.3m 0.31% Added +52.8k +52,836
100 Ethos Financial Group, LLC 0.31% of their portfolio KING OF PRUSSIA, PA 56,61756.6k $4.3m $4.3m 0.31% New