Vault-13

VANGUARD INTL EQUITY INDEX F VWO

FTSE EMR MKT ETF · ETP · CUSIP 922042858

2,222 institutional holders -19 vs Q4 2024
1,307,070,8731.3bn shares reported held*
$58.9bnreported value*
121 new 980 added 870 reduced 119 sold out net bought ≈ $775.6m (+24.9m 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 ($55.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.08. Options: 8 managers hold calls ($60.2m notional), 7 hold puts ($51.4m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,788Q4 22: 1,905Q1 23: 1,919Q2 23: 1,945Q3 23: 1,921Q4 23: 2,057Q1 24: 2,039Q2 24: 2,062Q3 24: 2,095Q4 24: 2,241Q1 25: 2,2222,222Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,788
Q4 20221,905
Q1 20231,919
Q2 20231,945
Q3 20231,921
Q4 20232,057
Q1 20242,039
Q2 20242,062
Q3 20242,095
Q4 20242,241
Q1 20252,222

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 23: 937 bought or addedQ2 23: 877 cut or sold outQ3 23: 949 bought or addedQ3 23: 842 cut or sold outQ3 23Q4 23: 897 bought or addedQ4 23: 912 cut or sold outQ1 24: 959 bought or addedQ1 24: 966 cut or sold outQ1 24Q2 24: 937 bought or addedQ2 24: 965 cut or sold outQ3 24: 1,000 bought or addedQ3 24: 933 cut or sold outQ3 24Q4 24: 1,113 bought or addedQ4 24: 838 cut or sold outQ1 25: 1,101 bought or addedQ1 25: 989 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023937877
Q3 2023949842
Q4 2023897912
Q1 2024959966
Q2 2024937965
Q3 20241,000933
Q4 20241,113838
Q1 20251,101989

Calls vs puts

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

CallsPuts
$0$50m$100m$150mQ2 24 calls: $57.1mQ2 24 puts: $57.1mQ2 24P/C 1.00Q3 24 calls: $65.9mQ3 24 puts: $95.1mQ3 24P/C 1.44Q4 24 calls: $110.0mQ4 24 puts: $54.1mQ4 24P/C 0.49Q1 25 calls: $60.2mQ1 25 puts: $51.4mQ1 25P/C 0.85
Numbers
QuarterCallsPutsP/C
Q2 2024$57.1m$57.1m1.00
Q3 2024$65.9m$95.1m1.44
Q4 2024$110.0m$54.1m0.49
Q1 2025$60.2m$51.4m0.85

Biggest buyers

New Vernon Capital Holdings II LLC Added +8,712,854+8.7m
Wealthspire Advisors, LLC Added +4,385,619+4.4m
VANGUARD GROUP INC Added +3,177,817+3.2m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +2,276,593+2.3m
VICTORY CAPITAL MANAGEMENT INC Added +1,976,432+2.0m
Alaska Permanent Fund Corp Added +1,961,935+2.0m
BANK OF AMERICA CORP /DE/ Added +1,939,598+1.9m
Bank of New York Mellon Corp Added +1,930,209+1.9m
NORTHERN TRUST CORP Added +1,710,474+1.7m
Cerity Partners OCIO LLC Added +1,425,498+1.4m

Biggest sellers

Betterment LLC Reduced -3,992,322-4.0m
OLD MISSION CAPITAL LLC Reduced -3,102,695-3.1m
Focus Partners Wealth Reduced -2,712,661-2.7m
SUMITOMO LIFE INSURANCE CO Sold out -2,423,347-2.4m
Freestone Capital Holdings, LLC Reduced -1,961,427-2.0m
CIBC Private Wealth Group LLC Reduced -1,570,426-1.6m
Redwood Investments, LLC Sold out -1,448,409-1.4m
GOLDMAN SACHS GROUP INC Reduced -1,315,496-1.3m
JANE STREET GROUP, LLC Sold out -1,208,929-1.2m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -1,134,761-1.1m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $36.6m808.9k shares
WELLS FARGO & COMPANY/MN Added $8.3m183.3k shares
CITADEL ADVISORS LLC Added $7.2m158.0k shares
BARCLAYS PLC New $5.3m117.8k shares
WOLVERINE TRADING, LLC Added $2.2m48.4k shares
JANE STREET GROUP, LLC Reduced $407.3k9.0k shares
Walleye Trading LLC Reduced $226.3k5.0k shares
Twin Tree Management, LP Reduced $9.1k200 shares

Biggest puts

WELLS FARGO & COMPANY/MN Added $30.1m664.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.3m205.2k shares
BARCLAYS PLC New $9.0m199.7k shares
CITADEL ADVISORS LLC Reduced $1.3m28.6k shares
JANE STREET GROUP, LLC Reduced $955.0k21.1k shares
WOLVERINE TRADING, LLC Added $765.7k16.9k shares
Quaker Wealth Management, LLC First filing $3177 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/ 0.44% of their portfolio CHARLOTTE, NC 109,028,088109.0m $4.9bn $4.9bn 0.44% Added +1.9m +1,939,598
2 VANGUARD GROUP INC 0.06% of their portfolio Valley Forge, PA 70,990,84271.0m $3.2bn $3.2bn 0.06% Added +3.2m +3,177,817
3 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.54% of their portfolio MILWAUKEE, WI 68,520,19368.5m $3.1bn $3.1bn 2.54% Added +2.3m +2,276,593
4 Betterment LLC 5.99% of their portfolio NEW YORK, NY 55,807,06955.8m $2.5bn $2.5bn 5.99% Reduced -4.0m -3,992,322
5 MORGAN STANLEY 0.15% of their portfolio NEW YORK, NY 47,169,51447.2m $2.1bn $2.1bn 0.15% Reduced -264.8k -264,823
6 Wealthfront Advisers LLC 5.52% of their portfolio Palo Alto, CA 45,420,07445.4m $2.1bn $2.1bn 5.52% Added +844.4k +844,429
7 ENVESTNET ASSET MANAGEMENT INC 0.64% of their portfolio Berwyn, PA 43,805,54843.8m $2.0bn $2.0bn 0.64% Added +1.4m +1,380,127
8 NORTHERN TRUST CORP 0.29% of their portfolio CHICAGO, IL 43,520,36543.5m $2.0bn $2.0bn 0.29% Added +1.7m +1,710,474
9 WELLS FARGO & COMPANY/MN 0.47% of their portfolio SAN FRANCISCO, CA 42,712,90042.7m $1.9bn $1.9bn 0.47% Reduced -164.2k -164,182
10 WIT, LLC 44.40% of their portfolio DISTRICT OF COLUMBIA, DC 34,426,72434.4m $1.6bn $1.6bn 44.40% Added +1.2m +1,196,013
11 Empower Advisory Group, LLC 5.04% of their portfolio Greenwood Village, CO 34,082,97134.1m $1.5bn $1.5bn 5.04% Added +1.4m +1,398,460
12 Financial Engines Advisors L.L.C. 2.35% of their portfolio SANTA CLARA, CA 24,231,89424.2m $1.1bn $1.1bn 2.35% Added +624.7k +624,747
13 Creative Planning 0.81% of their portfolio OVERLAND PARK, KS 19,008,10119.0m $860.3m $860.3m 0.81% Reduced -397.0k -397,026
14 UBS Group AG 0.17% of their portfolio ZURICH, V8 17,439,17717.4m $789.3m $789.3m 0.17% Added +702.8k +702,849
15 WealthNavi Inc. 8.47% of their portfolio Shinagawa-ku, TOKYO, M0 16,822,93216.8m $761.4m $761.4m 8.47% Added +657.4k +657,416
16 GOLDMAN SACHS GROUP INC 0.14% of their portfolio NEW YORK, NY 16,575,87016.6m $750.2m $750.2m 0.14% Reduced -1.3m -1,315,496
17 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 1.36% of their portfolio PLYMOUTH, MN 15,697,31915.7m $710.5m $710.5m 1.36% Added +851.4k +851,399
18 LPL Financial LLC 0.26% of their portfolio FORT MILL, SC 14,926,35314.9m $675.6m $675.6m 0.26% Added +757.0k +757,008
19 South Dakota Investment Council 12.98% of their portfolio SIOUX FALLS, SD 14,025,91314.0m $634.8m $634.8m 12.98% Added +20.6k +20,578
20 ROYAL BANK OF CANADA 0.13% of their portfolio TORONTO, A6 13,182,90113.2m $596.7m $596.7m 0.13% Added +503.6k +503,648
21 Mariner, LLC 0.98% of their portfolio Overland Park, KS 13,009,04313.0m $588.8m $588.8m 0.98% Added +303.4k +303,436
22 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 12,432,94212.4m $562.7m $562.7m 0.04% Reduced -715.5k -715,478
23 MERCER GLOBAL ADVISORS INC /ADV 1.22% of their portfolio DENVER, CO 11,755,70911.8m $532.1m $532.1m 1.22% Added +1.3m +1,262,878
24 SEI INVESTMENTS CO 0.68% of their portfolio OAKS, PA 11,680,50111.7m $528.7m $528.7m 0.68% Added +165.7k +165,738
25 Bank of New York Mellon Corp 0.10% of their portfolio NEW YORK, NY 11,202,19211.2m $507.0m $507.0m 0.10% Added +1.9m +1,930,209
26 PNC Financial Services Group, Inc. 0.24% of their portfolio Pittsburgh, PA 10,265,76610.3m $464.6m $464.6m 0.24% Added +37.9k +37,899
27 TIAA TRUST, NATIONAL ASSOCIATION 1.42% of their portfolio CHARLOTTE, NC 10,033,29210.0m $454.1m $454.1m 1.42% Reduced -162.5k -162,486
28 New Vernon Capital Holdings II LLC 4.48% of their portfolio Morristown, NJ 8,864,5788.9m $195.9k $195.9k 4.48% Added +8.7m +8,712,854
29 Wealthspire Advisors, LLC 2.25% of their portfolio NEW YORK, NY 8,336,1048.3m $377.3m $377.3m 2.25% Added +4.4m +4,385,619
30 AMERIPRISE FINANCIAL INC 0.10% of their portfolio MINNEAPOLIS, MN 8,307,9358.3m $375.2m $375.2m 0.10% Added +70.2k +70,160
31 Millburn Ridgefield LLC /DE/ 8.34% of their portfolio New York, NY 7,609,1897.6m $344.4m $344.4m 8.34% Added +394.8k +394,836
32 Catalyst Capital Advisors LLC 7.05% of their portfolio San Juan, PR 7,609,1897.6m $344.4m $344.4m 7.05% Added +394.8k +394,836
33 COMMONWEALTH EQUITY SERVICES, LLC 0.48% of their portfolio WALTHAM, MA 7,556,1737.6m $342.0m $342.0m 0.48% Added +510.0k +509,992
34 US BANCORP \DE\ 0.45% of their portfolio MINNEAPOLIS, MN 7,374,5747.4m $333.8m $333.8m 0.45% Added +76.0k +76,015
35 CITIGROUP INC 0.23% of their portfolio NEW YORK, NY 6,814,7676.8m $308.4m $308.4m 0.23% Added +171.6k +171,601
36 Corient Private Wealth LP 0.48% of their portfolio MIAMI, FL 6,473,0296.5m $293.0m $293.0m 0.48% Added +450.2k +450,228
37 RAYMOND JAMES FINANCIAL INC 0.11% of their portfolio ST. PETERSBURG, FL 6,360,5526.4m $287.9m $287.9m 0.11% Added +271.1k +271,082
38 Envestnet Portfolio Solutions, Inc. 1.00% of their portfolio BERWYN, PA 5,764,0715.8m $260.9m $260.9m 1.00% Added +12.8k +12,811
39 EP Wealth Advisors, LLC 1.96% of their portfolio TORRANCE, CA 5,412,6965.4m $245.0m $245.0m 1.96% Added +650.0k +649,981
40 Alaska Permanent Fund Corp 3.25% of their portfolio JUNEAU, AK 5,118,1005.1m $231.6m $231.6m 3.25% Added +2.0m +1,961,935
41 HighTower Advisors, LLC 0.31% of their portfolio CHICAGO, IL 5,039,9715.0m $228.1m $228.1m 0.31% Reduced -94.4k -94,442
42 Nicholas Hoffman & Company, LLC. 8.49% of their portfolio ATLANTA, GA 4,936,7644.9m $223.4m $223.4m 8.49% Added +689.1k +689,089
43 Baird Financial Group, Inc. 0.41% of their portfolio MILWAUKEE, WI 4,677,5754.7m $211.7m $211.7m 0.41% Added +574.8k +574,803
44 STIFEL FINANCIAL CORP 0.22% of their portfolio ST. LOUIS, MO 4,573,4694.6m $207.0m $207.0m 0.22% Reduced -992.6k -992,626
45 Valmark Advisers, Inc. 2.95% of their portfolio AKRON, OH 4,314,2624.3m $195.3m $195.3m 2.95% Added +103.9k +103,879
46 SIGNATUREFD, LLC 3.45% of their portfolio ATLANTA, GA 4,024,7134.0m $182.2m $182.2m 3.45% Added +181.7k +181,747
47 SCS Capital Management LLC 2.19% of their portfolio BOSTON, MA 3,804,0803.8m $172.2m $172.2m 2.19% Added +756.1k +756,076
48 RWA WEALTH PARTNERS, LLC 2.03% of their portfolio BOSTON, MA 3,552,2523.6m $160.8m $160.8m 2.03% Added +532.7k +532,728
49 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio Toronto, A6 3,512,3483.5m $159.0m $159.0m 0.15% Reduced -1.1m -1,134,761
50 HUNTINGTON NATIONAL BANK 1.10% of their portfolio COLUMBUS, OH 3,366,4253.4m $152.4m $152.4m 1.10% Added +310.5k +310,477
51 Jasper Ridge Partners, L.P. 4.90% of their portfolio MENLO PARK, CA 3,365,6993.4m $152.3m $152.3m 4.90% Added +36.5k +36,550
52 MAI Capital Management 1.15% of their portfolio INDEPENDENCE, OH 3,360,4603.4m $152.1m $152.1m 1.15% Added +231.9k +231,854
53 Sand Hill Global Advisors, LLC 6.07% of their portfolio Palo Alto, CA 3,257,4753.3m $147.4m $147.4m 6.07% Added +57.5k +57,511
54 Cetera Investment Advisers 0.28% of their portfolio SCHAUMBURG, IL 3,213,6603.2m $145.5m $145.5m 0.28% Added +359.4k +359,435
55 Elm Partners Management LLC 9.34% of their portfolio Philadelphia, PA 3,204,7573.2m $145.0m $145.0m 9.34% Reduced -275.7k -275,710
56 BRIDGES INVESTMENT MANAGEMENT INC 2.06% of their portfolio OMAHA, NE 3,162,6573.2m $143.1m $143.1m 2.06% Added +226.4k +226,418
57 JONES FINANCIAL COMPANIES LLLP 0.13% of their portfolio DES PERES, MO 3,130,4943.1m $141.7m $141.7m 0.13% Added +374.5k +374,491
58 REGIONS FINANCIAL CORP 1.05% of their portfolio BIRMINGHAM, AL 3,119,7753.1m $141.2m $141.2m 1.05% Added +158.5k +158,489
59 BOKF, NA 2.49% of their portfolio TULSA, OK 3,116,4423.1m $141.1m $141.1m 2.49% Added +461.8k +461,844
60 BANK OF MONTREAL /CAN/ 0.07% of their portfolio TORONTO, A6 3,102,4023.1m $140.4m $140.4m 0.07% Added +62.6k +62,640
61 Cerity Partners LLC 0.28% of their portfolio NEW YORK, NY 3,028,2833.0m $137.1m $137.1m 0.28% Reduced -254.9k -254,872
62 VOYA INVESTMENT MANAGEMENT LLC 0.08% of their portfolio ATLANTA, GA 2,999,8163.0m $135.8m $135.8m 0.08% Added +1.3m +1,347,372
63 Focus Partners Wealth 0.34% of their portfolio ST LOUIS, MO 2,989,4443.0m $135.3m $135.3m 0.34% Reduced -2.7m -2,712,661
64 JMG Financial Group, Ltd. 4.39% of their portfolio DOWNERS GROVE, IL 2,875,3842.9m $130.1m $130.1m 4.39% Added +137.3k +137,308
65 CHOREO, LLC 1.96% of their portfolio ROCKFORD, IL 2,860,4692.9m $126.4m $126.4m 1.96% Reduced -273.8k -273,756
66 CIBC Private Wealth Group LLC 0.24% of their portfolio ATLANTA, GA 2,839,8052.8m $113.3m $113.3m 0.24% Reduced -1.6m -1,570,426
67 M&T Bank Corp 0.44% of their portfolio BUFFALO, NY 2,641,8632.6m $119.6m $119.6m 0.44% Reduced -51.5k -51,505
68 KEYBANK NATIONAL ASSOCIATION/OH 0.48% of their portfolio BROOKLYN, OH 2,621,6032.6m $118.7m $118.7m 0.48% Reduced -87.8k -87,766
69 MML INVESTORS SERVICES, LLC 0.39% of their portfolio SPRINGFIELD, MA 2,620,0442.6m $118.6m $118.6m 0.39% Added +74.0k +74,023
70 Ballentine Partners, LLC 2.03% of their portfolio Waltham, MA 2,591,4512.6m $117.3m $117.3m 2.03% Reduced -9.0k -8,965
71 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 2.13% of their portfolio MINNEAPOLIS, MN 2,526,3082.5m $114.3m $114.3m 2.13% Added +163.1k +163,144
72 BLB&B Advisors, LLC 5.72% of their portfolio MONTGOMERYVILLE, PA 2,481,9042.5m $112.3m $112.3m 5.72% Added +110.2k +110,232
73 Wedmont Private Capital 5.43% of their portfolio WEST CHESTER, PA 2,458,4082.5m $106.0m $106.0m 5.43% Added +190.1k +190,078
74 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 2,425,5792.4m $109.8m $109.8m 0.04% Reduced -665.9k -665,908
75 TEACHER RETIREMENT SYSTEM OF TEXAS 0.45% of their portfolio AUSTIN, TX 2,358,5132.4m $106.7m $106.7m 0.45% Unchanged
76 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 2.96% of their portfolio BOSTON, MA 2,282,4152.3m $103.3m $103.3m 2.96% Added +299.5k +299,512
77 VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio San Antonio, TX 2,234,0192.2m $101.1m $101.1m 0.10% Added +2.0m +1,976,432
78 Bridgewater Associates, LP 0.46% of their portfolio Westport, CT 2,173,2132.2m $98.4m $98.4m 0.46% Reduced -47.0k -46,973
79 Fusion Family Wealth, LLC 9.04% of their portfolio WOODBURY, NY 2,171,4592.2m $98.3m $98.3m 9.04% Reduced -95.5k -95,495
80 OSAIC HOLDINGS, INC. 0.21% of their portfolio SCOTTSDALE, AZ 2,122,7922.1m $96.1m $96.1m 0.21% Reduced -805.6k -805,626
81 NEPC LLC 2.65% of their portfolio Boston, MA 2,113,3752.1m $95.7m $95.7m 2.65% Reduced -844.6k -844,563
82 Badgley Phelps Wealth Managers, LLC 2.30% of their portfolio SEATTLE, WA 2,102,3622.1m $95.2m $95.2m 2.30% Reduced -29.3k -29,270
83 Facet Wealth, Inc. 2.49% of their portfolio WEST PALM BEACH, FL 2,058,3862.1m $96.4m $96.4m 2.49% Reduced -125.2k -125,163
84 Pure Financial Advisors, LLC 1.91% of their portfolio SAN DIEGO, CA 2,013,4532.0m $91.1m $91.1m 1.91% Added +137.2k +137,154
85 Cerity Partners OCIO LLC 5.10% of their portfolio New York, NY 1,990,5802.0m $90.1m $90.1m 5.10% Added +1.4m +1,425,498
86 LINCOLN NATIONAL CORP 2.88% of their portfolio RADNOR, PA 1,974,7312.0m $89.4m $89.4m 2.88% Added +31.4k +31,434
87 Orion Portfolio Solutions, LLC 0.42% of their portfolio Omaha, NE 1,893,6691.9m $84.7m $84.7m 0.42% Added +1.0m +1,029,957
88 TRUIST FINANCIAL CORP 0.14% of their portfolio CHARLOTTE, NC 1,878,8661.9m $85.0m $85.0m 0.14% Reduced -16.3k -16,325
89 Steele Capital Management, Inc. 4.40% of their portfolio DUBUQUE, IA 1,869,3261.9m $84.6m $84.6m 4.40% Added +16.1k +16,067
90 Pathstone Holdings, LLC 0.36% of their portfolio ENGLEWOOD, NJ 1,825,4731.8m $82.5m $82.5m 0.36% Added +79.0k +78,967
91 Ellevest, Inc. 5.47% of their portfolio NEW YORK, NY 1,814,9571.8m $82.1m $82.1m 5.47% Reduced -201.2k -201,180
92 MATHER GROUP, LLC. 0.95% of their portfolio CHICAGO, IL 1,809,6971.8m $81.9m $81.9m 0.95% Reduced -435.1k -435,051
93 Rockefeller Capital Management L.P. 0.20% of their portfolio NEW YORK, NY 1,789,1731.8m $81.0m $81.0m 0.20% Reduced -156.1k -156,131
94 Modera Wealth Management, LLC 1.09% of their portfolio WESTWOOD, NJ 1,776,8981.8m $80.4m $80.4m 1.09% Reduced -37.2k -37,232
95 FMR LLC 0.01% of their portfolio BOSTON, MA 1,773,6301.8m $80.3m $80.3m 0.01% Reduced -32.7k -32,734
96 Money Design Co.,Ltd. 3.87% of their portfolio TOKYO, M0 1,715,7291.7m $77.7m $77.7m 3.87% Added +724.1k +724,143
97 D.A. DAVIDSON & CO. 0.59% of their portfolio GREAT FALLS, MT 1,631,1191.6m $73.8m $73.8m 0.59% Added +50.3k +50,280
98 BESSEMER GROUP INC 0.13% of their portfolio WOODBRIDGE, NJ 1,629,8871.6m $73.8m $73.8m 0.13% Reduced -7.6k -7,601
99 FIFTH THIRD BANCORP 0.28% of their portfolio CINCINNATI, OH 1,601,9801.6m $72.5m $72.5m 0.28% Reduced -245 -245
100 FARMERS & MERCHANTS INVESTMENTS INC 2.30% of their portfolio LINCOLN, NE 1,601,3841.6m $72.5m $72.5m 2.30% Added +42.9k +42,850