Vault-13

VANGUARD INTL EQUITY INDEX F VEU

ALLWRLD EX US · ETP · CUSIP 922042775

1,360 institutional holders +63 vs Q1 2025
307,791,405307.8m shares reported held*
$20.7bnreported value*
112 new 553 added 427 reduced 47 sold out net bought ≈ $858.9m (+12.8m 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 ($15.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $67.19. Options: 2 managers hold calls ($3.0m notional), 3 hold puts ($3.8m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 979Q4 22: 1,072Q1 23: 1,084Q2 23: 1,103Q3 23: 1,103Q4 23: 1,196Q1 24: 1,190Q2 24: 1,213Q3 24: 1,242Q4 24: 1,295Q1 25: 1,297Q2 25: 1,3601,360Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022979
Q4 20221,072
Q1 20231,084
Q2 20231,103
Q3 20231,103
Q4 20231,196
Q1 20241,190
Q2 20241,213
Q3 20241,242
Q4 20241,295
Q1 20251,297
Q2 20251,360

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 479 bought or addedQ3 23: 444 cut or sold outQ4 23: 485 bought or addedQ4 23: 470 cut or sold outQ4 23Q1 24: 527 bought or addedQ1 24: 499 cut or sold outQ2 24: 514 bought or addedQ2 24: 495 cut or sold outQ2 24Q3 24: 538 bought or addedQ3 24: 490 cut or sold outQ4 24: 577 bought or addedQ4 24: 496 cut or sold outQ4 24Q1 25: 589 bought or addedQ1 25: 515 cut or sold outQ2 25: 665 bought or addedQ2 25: 474 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023479444
Q4 2023485470
Q1 2024527499
Q2 2024514495
Q3 2024538490
Q4 2024577496
Q1 2025589515
Q2 2025665474

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 24 calls: $2.9mQ3 24 puts: $18.9kQ3 24P/C 0.01Q4 24 calls: $918.6kQ4 24 puts: $252.6kQ4 24P/C 0.28Q1 25 calls: $1.6mQ1 25 puts: $4.4mQ1 25P/C 2.82Q2 25 calls: $3.0mQ2 25 puts: $3.8mQ2 25P/C 1.28
Numbers
QuarterCallsPutsP/C
Q3 2024$2.9m$18.9k0.01
Q4 2024$918.6k$252.6k0.28
Q1 2025$1.6m$4.4m2.82
Q2 2025$3.0m$3.8m1.28

Biggest buyers

Rockefeller Capital Management L.P. Added +2,128,692+2.1m
ROYAL BANK OF CANADA Added +1,998,934+2.0m
HighTower Advisors, LLC Added +1,185,559+1.2m
VANGUARD GROUP INC Added +1,124,955+1.1m
MORGAN STANLEY Added +970,621+970.6k
Capitolis Liquid Global Markets LLC Added +586,000+586.0k
Federation des caisses Desjardins du Quebec Added +536,420+536.4k
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ Added +478,933+478.9k
NORTHERN TRUST CORP Added +473,623+473.6k
UBS Group AG Added +403,305+403.3k

Biggest sellers

Sanders Capital, LLC Reduced -2,153,435-2.2m
Myriad Asset Management US LP Reduced -1,519,515-1.5m
Strid Group, LLC Reduced -464,848-464.8k
Sollinda Capital Management LLC Reduced -368,428-368.4k
Optas, LLC Reduced -325,183-325.2k
AMERIPRISE FINANCIAL INC Reduced -292,599-292.6k
Harding Loevner LP Reduced -273,175-273.2k
BNP PARIBAS FINANCIAL MARKETS Reduced -242,496-242.5k
Lido Advisors, LLC Reduced -232,358-232.4k
CITIGROUP INC Reduced -218,168-218.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.4m35.9k shares
CITADEL ADVISORS LLC Added $551.2k8.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $3.6m53.1k shares
WOLVERINE TRADING, LLC New $221.4k3.3k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.10% of their portfolio NEW YORK, NY 22,517,20422.5m $1.5bn $1.5bn 0.10% Added +970.6k +970,621
2 BANK OF AMERICA CORP /DE/ 0.11% of their portfolio CHARLOTTE, NC 20,191,11220.2m $1.4bn $1.4bn 0.11% Added +235.4k +235,398
3 NORTHERN TRUST CORP 0.15% of their portfolio CHICAGO, IL 16,204,64016.2m $1.1bn $1.1bn 0.15% Added +473.6k +473,623
4 ENVESTNET ASSET MANAGEMENT INC 0.20% of their portfolio Berwyn, PA 10,115,90210.1m $680.0m $680.0m 0.20% Added +300.2k +300,177
5 PNC Financial Services Group, Inc. 0.33% of their portfolio Pittsburgh, PA 7,656,2037.7m $514.6m $514.6m 0.33% Added +74.0k +74,007
6 Forvis Mazars Wealth Advisors, LLC 10.04% of their portfolio Springfield, MO 6,922,5136.9m $465.3m $465.3m 10.04% Added +165.8k +165,770
7 UBS Group AG 0.09% of their portfolio ZURICH, V8 6,662,7476.7m $447.9m $447.9m 0.09% Added +403.3k +403,305
8 RAYMOND JAMES FINANCIAL INC 0.14% of their portfolio ST. PETERSBURG, FL 6,092,3016.1m $409.5m $409.5m 0.14% Added +130.8k +130,836
9 CBIZ Investment Advisory Services, LLC 16.40% of their portfolio INDEPENDENCE, OH 5,508,7495.5m $370.3m $370.3m 16.40% Reduced -118.2k -118,221
10 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 5,007,8315.0m $336.6m $336.6m 0.01% Added +1.1m +1,124,955
11 CIBC Asset Management Inc 1.02% of their portfolio TORONTO, Z4 4,831,1804.8m $324.8m $324.8m 1.02% Added +9.0k +9,040
12 Kestra Investment Management, LLC 4.43% of their portfolio AUSTIN, TX 4,492,0654.5m $287.9m $287.9m 4.43% Added +208.2k +208,221
13 DIVERSIFIED TRUST CO 6.38% of their portfolio MEMPHIS, TN 4,276,9784.3m $287.5m $287.5m 6.38% Added +393.8k +393,831
14 Janney Montgomery Scott LLC 0.74% of their portfolio PHILADELPHIA, PA 4,193,1544.2m $281.9m $281.9m 0.74% Added +161.4k +161,364
15 WestEnd Advisors, LLC 6.63% of their portfolio CHARLOTTE, NC 3,977,4864.0m $267.4m $267.4m 6.63% Reduced -68.9k -68,905
16 Cresset Asset Management, LLC 1.34% of their portfolio Chicago, IL 3,974,4494.0m $267.2m $267.2m 1.34% Reduced -20.7k -20,706
17 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 3,934,2423.9m $264.5m $264.5m 0.03% Added +2.0m +1,998,934
18 HighTower Advisors, LLC 0.32% of their portfolio CHICAGO, IL 3,745,6873.7m $251.8m $251.8m 0.32% Added +1.2m +1,185,559
19 Rockefeller Capital Management L.P. 0.30% of their portfolio NEW YORK, NY 3,744,8123.7m $254.1m $254.1m 0.30% Added +2.1m +2,128,692
20 Summit Financial, LLC 5.21% of their portfolio PARSIPPANY, NJ 3,430,3473.4m $230.6m $230.6m 5.21% Added +89.9k +89,890
21 LINCOLN NATIONAL CORP 6.70% of their portfolio RADNOR, PA 3,285,7443.3m $220.9m $220.9m 6.70% Added +205.0k +205,031
22 Sanders Capital, LLC 0.29% of their portfolio West Palm Beach, FL 3,175,2843.2m $213.4m $213.4m 0.29% Reduced -2.2m -2,153,435
23 STIFEL FINANCIAL CORP 0.20% of their portfolio ST. LOUIS, MO 2,995,7893.0m $201.4m $201.4m 0.20% Added +179.9k +179,918
24 Baird Financial Group, Inc. 0.34% of their portfolio MILWAUKEE, WI 2,901,2142.9m $195.0m $195.0m 0.34% Added +218.8k +218,762
25 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 2,848,8682.8m $191.5m $191.5m 0.06% Added +333.5k +333,457
26 JONES FINANCIAL COMPANIES LLLP 0.13% of their portfolio DES PERES, MO 2,572,6252.6m $172.6m $172.6m 0.13% Added +129.7k +129,710
27 Cerity Partners LLC 0.31% of their portfolio NEW YORK, NY 2,571,8242.6m $172.9m $172.9m 0.31% Added +59.4k +59,445
28 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 2,452,8962.5m $164.9m $164.9m 0.03% Added +58.6k +58,576
29 TRUIST FINANCIAL CORP 0.24% of their portfolio CHARLOTTE, NC 2,411,7562.4m $162.1m $162.1m 0.24% Reduced -20.0k -19,996
30 JOHNSON INVESTMENT COUNSEL INC 1.40% of their portfolio Cincinnati, OH 2,310,0422.3m $155.3m $155.3m 1.40% Added +128.9k +128,938
31 Euclidean Capital LLC 47.11% of their portfolio NEW YORK, NY 2,142,6842.1m $144.0m $144.0m 47.11% Added +150.8k +150,800
32 VICTORY CAPITAL MANAGEMENT INC 0.09% of their portfolio San Antonio, TX 2,136,4042.1m $143.6m $143.6m 0.09% Added +323.2k +323,209
33 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 2,089,6232.1m $140.5m $140.5m 0.03% Added +172.5k +172,527
34 Wealthspire Advisors, LLC 0.79% of their portfolio NEW YORK, NY 2,079,8682.1m $139.8m $139.8m 0.79% Added +18.4k +18,412
35 BLAIR WILLIAM & CO/IL 0.38% of their portfolio CHICAGO, IL 2,055,5772.1m $138.2m $138.2m 0.38% Added +54.0k +54,001
36 CAPTRUST FINANCIAL ADVISORS 0.30% of their portfolio RALEIGH, NC 2,028,6722.0m $136.4m $136.4m 0.30% Added +119.3k +119,318
37 HOWLAND CAPITAL MANAGEMENT LLC 5.42% of their portfolio BOSTON, MA 1,978,3242.0m $133.0m $133.0m 5.42% Added +8.2k +8,154
38 OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC 6.89% of their portfolio SAN FRANCISCO, CA 1,926,9071.9m $129.5m $129.5m 6.89% Reduced -150.2k -150,198
39 Strid Group, LLC 15.75% of their portfolio NEWTOWN SQUARE, PA 1,666,1521.7m $112.0m $112.0m 15.75% Reduced -464.8k -464,848
40 BROWN ADVISORY INC 0.14% of their portfolio BALTIMORE, MD 1,593,8771.6m $107.1m $107.1m 0.14% Reduced -18.9k -18,891
41 Allspring Global Investments Holdings, LLC 0.18% of their portfolio CHARLOTTE, NC 1,593,2701.6m $107.1m $107.1m 0.18% Reduced -117.1k -117,111
42 COMMONWEALTH EQUITY SERVICES, LLC 0.14% of their portfolio WALTHAM, MA 1,560,2041.6m $104.9m $104.9m 0.14% Added +19.5k +19,452
43 Corient Private Wealth LP 0.13% of their portfolio MIAMI, FL 1,469,5791.5m $98.8m $98.8m 0.13% Added +74.6k +74,646
44 Voya Financial Advisors, Inc. 9.35% of their portfolio WINDSOR, CT 1,382,3481.4m $92.7m $92.7m 9.35% Reduced -145.0k -144,963
45 Creative Planning 0.08% of their portfolio OVERLAND PARK, KS 1,376,6091.4m $92.5m $92.5m 0.08% Added +18.5k +18,509
46 US BANCORP \DE\ 0.11% of their portfolio MINNEAPOLIS, MN 1,325,9361.3m $89.1m $89.1m 0.11% Added +4.0k +3,972
47 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,198,9751.2m $80.6m $80.6m 0.01% Added +144.1k +144,133
48 UNITED SERVICES AUTOMOBILE ASSOCIATION 8.18% of their portfolio SAN ANTONIO, TX 1,171,7151.2m $78.8m $78.8m 8.18% Reduced -16.8k -16,800
49 MEANS INVESTMENT CO., INC. 7.43% of their portfolio BANGOR, ME 1,166,3891.2m $78.4m $78.4m 7.43% Added +30.7k +30,734
50 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 1,128,1971.1m $75.8m $75.8m 0.13% Added +35.9k +35,894
51 Capitolis Liquid Global Markets LLC 0.54% of their portfolio NEW YORK, NY 1,089,1001.1m $73.2m $73.2m 0.54% Added +586.0k +586,000
52 Glassman Wealth Services 11.19% of their portfolio VIENNA, VA 1,086,8201.1m $73.1m $73.1m 11.19% Added +33.6k +33,597
53 WEALTHCARE CAPITAL MANAGEMENT LLC 7.00% of their portfolio RICHMOND, VA 984,996985.0k $66.2m $66.2m 7.00% Reduced -84.1k -84,148
54 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 967,468967.5k $65.0m $65.0m 0.05% Added +161.2k +161,185
55 PINNACLE ASSOCIATES LTD 0.92% of their portfolio NEW YORK, NY 949,121949.1k $63.8m $63.8m 0.92% Added +48.5k +48,470
56 HB Wealth Management, LLC 0.51% of their portfolio Atlanta, GA 943,219943.2k $63.4m $63.4m 0.51% Reduced -30.6k -30,592
57 NewSquare Capital LLC 4.58% of their portfolio NEWTOWN SQUARE, PA 940,028940.0k $61.7m $61.7m 4.58% Added +55.2k +55,196
58 Laird Norton Wetherby Trust Company, LLC 8.46% of their portfolio Seattle, WA 916,012916.0k $61.6m $61.6m 8.46% Reduced -147.3k -147,292
59 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 903,289903.3k $60.1m $60.1m 0.11% Added +33.9k +33,891
60 MML INVESTORS SERVICES, LLC 0.18% of their portfolio SPRINGFIELD, MA 902,503902.5k $60.7m $60.7m 0.18% Reduced -64.3k -64,331
61 Wharton Business Group, LLC 2.53% of their portfolio MALVERN, PA 893,094893.1k $60.0m $60.0m 2.53% Reduced -58 -58
62 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 4.03% of their portfolio KNOXVILLE, TN 867,006867.0k $58.3m $58.3m 4.03% Reduced -4.2k -4,183
63 Efficient Advisors, LLC 3.45% of their portfolio BEAVERTON, OR 861,940861.9k $57.9m $57.9m 3.45% Reduced -42.1k -42,129
64 ASSETMARK, INC 0.13% of their portfolio CONCORD, CA 820,634820.6k $55.2m $55.2m 0.13% Added +11.7k +11,695
65 BRIDGES INVESTMENT MANAGEMENT INC 0.71% of their portfolio OMAHA, NE 784,671784.7k $52.7m $52.7m 0.71% Reduced -5.0k -4,971
66 Waverly Advisors, LLC 0.56% of their portfolio BIRMINGHAM, AL 762,109762.1k $51.2m $51.2m 0.56% Added +19.7k +19,717
67 Compton Wealth Advisory Group, LLC 12.92% of their portfolio VIRGINIA BEACH, VA 759,796759.8k $51.1m $51.1m 12.92% Added +6.8k +6,814
68 Nicholas Hoffman & Company, LLC. 1.31% of their portfolio ATLANTA, GA 754,621754.6k $50.7m $50.7m 1.31% Added +3.0k +3,018
69 St. Louis Trust Co 6.73% of their portfolio SAINT LOUIS, MO 752,025752.0k $50.6m $50.6m 6.73% Added +4.2k +4,158
70 Flower City Capital 29.75% of their portfolio PITTSFORD, NY 750,406750.4k $50.4m $50.4m 29.75% Added +19.5k +19,462
71 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 729,727729.7k $49.1m $49.1m 0.01% Reduced -292.6k -292,599
72 NISA INVESTMENT ADVISORS, LLC 0.22% of their portfolio ST. LOUIS, MO 729,000729.0k $49.0m $49.0m 0.22% Reduced -40.8k -40,800
73 CWM, LLC 0.17% of their portfolio OMAHA, NE 727,063727.1k $48.9m $48.9m 0.17% Added +41.5k +41,450
74 Cardinal Point Capital Management ULC 3.85% of their portfolio TORONTO, A6 723,104723.1k $48.6m $48.6m 3.85% Added +66.1k +66,143
75 MONETA GROUP INVESTMENT ADVISORS LLC 0.55% of their portfolio ST LOUIS, MO 681,756681.8k $45.8m $45.8m 0.55% Added +6.7k +6,720
76 Federation des caisses Desjardins du Quebec 0.20% of their portfolio LEVIS, A8 680,291680.3k $45.7m $45.7m 0.20% Added +536.4k +536,420
77 First Horizon Advisors, Inc. 1.17% of their portfolio MEMPHIS, TN 668,916668.9k $45.0m $45.0m 1.17% Added +25.5k +25,460
78 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.26% of their portfolio Cincinnati, OH 668,182668.2k $44.9m $44.9m 0.26% Reduced -4.8k -4,797
79 Verus Financial Partners, Inc. 4.49% of their portfolio RICHMOND, VA 653,201653.2k $44.1m $44.1m 4.49% Reduced -6.8k -6,817
80 Harding Loevner LP 0.29% of their portfolio Bridgewater, NJ 649,338649.3k $43.6m $43.6m 0.29% Reduced -273.2k -273,175
81 Valmark Advisers, Inc. 0.61% of their portfolio AKRON, OH 647,907647.9k $43.6m $43.6m 0.61% Added +8.4k +8,435
82 Karpus Management, Inc. 1.39% of their portfolio Pittsford, NY 639,394639.4k $43.0m $43.0m 1.39% Added +140.8k +140,767
83 Standpoint Asset Management, LLC 8.72% of their portfolio SCOTTSDALE, AZ 634,500634.5k $42.7m $42.7m 8.72% Reduced -119.4k -119,400
84 BIP Wealth, LLC 2.60% of their portfolio ATLANTA, GA 627,906627.9k $42.2m $42.2m 2.60% Reduced -9.6k -9,615
85 Pasadena Private Wealth, LLC 7.23% of their portfolio PASADENA, CA 627,591627.6k $42.2m $42.2m 7.23% Added +21.1k +21,077
86 MATHER GROUP, LLC. 0.45% of their portfolio CHICAGO, IL 622,577622.6k $41.8m $41.8m 0.45% Reduced -1.7k -1,725
87 SAGE FINANCIAL GROUP INC 3.08% of their portfolio W. CONSHOHOCKEN, PA 620,182620.2k $41.7m $41.7m 3.08% Added +13.3k +13,255
88 Blankinship & Foster, LLC 9.60% of their portfolio Solana Beach, CA 610,106610.1k $41.0m $41.0m 9.60% Added +13.1k +13,067
89 Cullen/Frost Bankers, Inc. 0.51% of their portfolio San Antonio, TX 604,707604.7k $40.6m $40.6m 0.51% Added +12.0k +12,017
90 DT Investment Partners, LLC 3.64% of their portfolio CHADDS FORD, PA 602,218602.2k $40.5m $40.5m 3.64% Reduced -21.8k -21,807
91 MERCER GLOBAL ADVISORS INC /ADV 0.09% of their portfolio DENVER, CO 580,146580.1k $39.0m $39.0m 0.09% Added +56.3k +56,297
92 NATIONAL BANK OF CANADA /FI/ 0.04% of their portfolio MONTREAL, A8 580,120580.1k $39.0m $39.0m 0.04% Added +228.6k +228,637
93 MilWealth Group LLC 9.87% of their portfolio MILWAUKEE, WI 570,071570.1k $38.3m $38.3m 9.87% Reduced -7.9k -7,903
94 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 7.15% of their portfolio BETHLEHEM, PA 552,570552.6k $37.1m $37.1m 7.15% Added +43.5k +43,506
95 ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ 1.98% of their portfolio SALT LAKE CITY, UT 548,781548.8k $36.9m $36.9m 1.98% Added +478.9k +478,933
96 Charter Oak Capital Management, LLC 3.11% of their portfolio PORTSMOUTH, NH 547,596547.6k $36.8m $36.8m 3.11% Reduced -36.1k -36,057
97 DAVIS R M INC 0.66% of their portfolio PORTLAND, ME 532,707532.7k $35.8m $35.8m 0.66% Reduced -1.0k -1,020
98 Cambridge Investment Research Advisors, Inc. 0.11% of their portfolio FAIRFIELD, IA 513,836513.8k $34.5m $34.5m 0.11% Reduced -1.2k -1,200
99 BAILARD, INC. 0.80% of their portfolio Foster City, CA 512,822512.8k $34.5m $34.5m 0.80% Reduced -5.5k -5,473
100 Wrenne Financial Planning LLC 16.04% of their portfolio Lexington, KY 510,196510.2k $34.3m $34.3m 16.04% Added +15.2k +15,177