Vault-13

VANGUARD INTL EQUITY INDEX F VWO

FTSE EMR MKT ETF · ETP · CUSIP 922042858

2,557 institutional holders +54 vs Q4 2025
1,450,660,1491.5bn shares reported held*
$78.4bnreported value*
150 new 1,155 added 857 reduced 101 sold out net bought ≈ $1.5bn (+30.7m 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 ($103.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $54.01. Options: 8 managers hold calls ($64.1m notional), 5 hold puts ($60.2m).

Trends to Q1 2026

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: 2,222Q2 25: 2,272Q3 25: 2,310Q4 25: 2,503Q1 26: 2,5572,557Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q2 20252,272
Q3 20252,310
Q4 20252,503
Q1 20262,557

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 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 25Q2 25: 1,122 bought or addedQ2 25: 952 cut or sold outQ3 25: 1,177 bought or addedQ3 25: 916 cut or sold outQ3 25Q4 25: 1,311 bought or addedQ4 25: 805 cut or sold outQ1 26: 1,305 bought or addedQ1 26: 958 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024937965
Q3 20241,000933
Q4 20241,113838
Q1 20251,101989
Q2 20251,122952
Q3 20251,177916
Q4 20251,311805
Q1 20261,305958

Calls vs puts

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

CallsPuts
$0$20m$40m$60m$80mQ2 25 calls: $49.6mQ2 25 puts: $55.2mQ2 25P/C 1.11Q3 25 calls: $40.3mQ3 25 puts: $59.7mQ3 25P/C 1.48Q4 25 calls: $53.7mQ4 25 puts: $45.9mQ4 25P/C 0.85Q1 26 calls: $64.1mQ1 26 puts: $60.2mQ1 26P/C 0.94
Numbers
QuarterCallsPutsP/C
Q2 2025$49.6m$55.2m1.11
Q3 2025$40.3m$59.7m1.48
Q4 2025$53.7m$45.9m0.85
Q1 2026$64.1m$60.2m0.94

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +27,271,317+27.3m
ENVESTNET ASSET MANAGEMENT INC Added +4,136,498+4.1m
AMERIPRISE FINANCIAL INC Added +3,374,570+3.4m
Gallagher Fiduciary Advisors, LLC Added +3,161,052+3.2m
NORTHERN TRUST CORP Added +3,044,849+3.0m
REGIONS FINANCIAL CORP Added +2,385,625+2.4m
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +1,935,448+1.9m
Kestra Investment Management, LLC Added +1,661,919+1.7m
Empower Advisory Group, LLC Added +1,464,071+1.5m
STIFEL FINANCIAL CORP Added +1,460,570+1.5m

Biggest sellers

Corient Private Wealth LP Reduced -8,542,359-8.5m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -8,023,358-8.0m
OLD MISSION CAPITAL LLC Sold out -6,818,703-6.8m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -5,437,167-5.4m
Envestnet Portfolio Solutions, Inc. Reduced -4,235,342-4.2m
WELLS FARGO & COMPANY/MN Reduced -3,066,446-3.1m
LINCOLN NATIONAL CORP Sold out -2,214,422-2.2m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -2,104,235-2.1m
NATIONAL BANK OF CANADA /FI/ Reduced -1,560,146-1.6m
Wealthfront Advisers LLC Reduced -1,479,419-1.5m

Biggest calls

CITADEL ADVISORS LLC Added $20.5m379.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $17.6m325.9k shares
BARCLAYS PLC Added $11.8m217.9k shares
Tidal Investments LLC Added $7.0m128.6k shares
WELLS FARGO & COMPANY/MN Reduced $5.8m106.5k shares
Jefferies Financial Group Inc. Reduced $897.2k16.6k shares
JANE STREET GROUP, LLC Reduced $351.3k6.5k shares
Walleye Trading LLC Reduced $237.8k4.4k shares

Biggest puts

WELLS FARGO & COMPANY/MN Added $29.7m549.5k shares
CITADEL ADVISORS LLC Added $25.1m465.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m54.1k shares
JANE STREET GROUP, LLC Added $1.3m23.2k shares
Walleye Trading LLC Added $1.2m21.3k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.57% of their portfolio CHARLOTTE, NC 144,806,250144.8m $7.8bn $7.8bn 0.57% Added +27.3m +27,271,317
2 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 2.67% of their portfolio MILWAUKEE, WI 80,160,11980.2m $4.3bn $4.3bn 2.67% Added +1.9m +1,935,448
3 MORGAN STANLEY 0.18% of their portfolio NEW YORK, NY 54,017,25854.0m $2.9bn $2.9bn 0.18% Added +104.8k +104,815
4 Betterment LLC 5.46% of their portfolio NEW YORK, NY 53,371,72753.4m $2.9bn $2.9bn 5.46% Reduced -361.1k -361,080
5 Vanguard Global Advisers, LLC 1.54% of their portfolio MALVERN, PA 53,253,65453.3m $2.9bn $2.9bn 1.54% First filing
6 NORTHERN TRUST CORP 0.36% of their portfolio CHICAGO, IL 50,333,91350.3m $2.7bn $2.7bn 0.36% Added +3.0m +3,044,849
7 Wealthfront Advisers LLC 5.45% of their portfolio Palo Alto, CA 45,921,66645.9m $2.5bn $2.5bn 5.45% Reduced -1.5m -1,479,419
8 WELLS FARGO & COMPANY/MN 0.46% of their portfolio SAN FRANCISCO, CA 42,921,17442.9m $2.3bn $2.3bn 0.46% Reduced -3.1m -3,066,446
9 WIT, LLC 40.58% of their portfolio DISTRICT OF COLUMBIA, DC 39,788,33839.8m $2.2bn $2.2bn 40.58% Reduced -1.3m -1,286,015
10 ENVESTNET ASSET MANAGEMENT INC 0.57% of their portfolio Berwyn, PA 39,564,71639.6m $2.1bn $2.1bn 0.57% Added +4.1m +4,136,498
11 Empower Advisory Group, LLC 4.99% of their portfolio Greenwood Village, CO 35,534,12335.5m $1.9bn $1.9bn 4.99% Added +1.5m +1,464,071
12 Financial Engines Advisors L.L.C. 2.67% of their portfolio SANTA CLARA, CA 24,347,65824.3m $1.3bn $1.3bn 2.67% Reduced -20.0k -19,961
13 Vanguard Investments Australia, Ltd. 3.48% of their portfolio Victoria, C3 22,308,55222.3m $1.2bn $1.2bn 3.48% First filing
14 UBS Group AG 0.20% of their portfolio ZURICH, V8 21,183,53121.2m $1.1bn $1.1bn 0.20% Added +1.3m +1,326,486
15 Creative Planning 0.67% of their portfolio OVERLAND PARK, KS 18,221,20618.2m $984.9m $984.9m 0.67% Reduced -159.1k -159,053
16 MERCER GLOBAL ADVISORS INC /ADV 1.33% of their portfolio DENVER, CO 16,593,47316.6m $896.9m $896.9m 1.33% Added +758.9k +758,913
17 LPL Financial LLC 0.23% of their portfolio FORT MILL, SC 16,343,09516.3m $883.3m $883.3m 0.23% Reduced -135.2k -135,215
18 WealthNavi Inc. 7.54% of their portfolio Shinagawa-ku, TOKYO, M0 16,101,94416.1m $870.3m $870.3m 7.54% Added +244.8k +244,799
19 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 15,019,71215.0m $787.3m $787.3m 0.05% Added +473.9k +473,933
20 GOLDMAN SACHS GROUP INC 0.11% of their portfolio NEW YORK, NY 14,802,69714.8m $800.1m $800.1m 0.11% Added +578.1k +578,058
21 Mariner, LLC 0.88% of their portfolio Overland Park, KS 14,027,30314.0m $757.8m $757.8m 0.88% Added +983.9k +983,949
22 ROYAL BANK OF CANADA 0.14% of their portfolio TORONTO, A6 13,962,98414.0m $754.7m $754.7m 0.14% Added +357.5k +357,458
23 AMERIPRISE FINANCIAL INC 0.17% of their portfolio MINNEAPOLIS, MN 13,354,92613.4m $721.6m $721.6m 0.17% Added +3.4m +3,374,570
24 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 1.52% of their portfolio PLYMOUTH, MN 12,959,83313.0m $693.1m $693.1m 1.52% Reduced -5.4m -5,437,167
25 VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio MALVERN, PA 12,737,29612.7m $688.5m $688.5m 0.02% First filing
26 Bank of New York Mellon Corp 0.11% of their portfolio NEW YORK, NY 11,488,52211.5m $621.0m $621.0m 0.11% Added +736.8k +736,799
27 SEI INVESTMENTS CO 0.56% of their portfolio OAKS, PA 11,297,60011.3m $610.6m $610.6m 0.56% Added +99.4k +99,405
28 South Dakota Investment Council 10.97% of their portfolio SIOUX FALLS, SD 10,642,00110.6m $575.2m $575.2m 10.97% Reduced -86.4k -86,386
29 PNC Financial Services Group, Inc. 0.33% of their portfolio Pittsburgh, PA 10,454,11910.5m $565.0m $565.0m 0.33% Added +222.8k +222,844
30 Corient Private Wealth LP 0.65% of their portfolio MIAMI, FL 8,538,8048.5m $455.3m $455.3m 0.65% Reduced -8.5m -8,542,359
31 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 1.62% of their portfolio CHARLOTTE, NC 7,780,4547.8m $420.5m $420.5m 1.62% First filing
32 EP Wealth Advisors, LLC 2.04% of their portfolio TORRANCE, CA 7,672,4867.7m $414.7m $414.7m 2.04% Added +486.3k +486,318
33 RAYMOND JAMES FINANCIAL INC 0.12% of their portfolio ST. PETERSBURG, FL 7,474,7037.5m $404.0m $404.0m 0.12% Added +521.6k +521,634
34 HighTower Advisors, LLC 0.42% of their portfolio CHICAGO, IL 7,281,1997.3m $393.5m $393.5m 0.42% Added +925.0k +925,011
35 Baird Financial Group, Inc. 0.59% of their portfolio MILWAUKEE, WI 7,028,8987.0m $379.9m $379.9m 0.59% Added +673.3k +673,287
36 Millburn Ridgefield LLC /DE/ 8.16% of their portfolio New York, NY 7,021,7707.0m $379.5m $379.5m 8.16% Added +810.2k +810,188
37 Catalyst Capital Advisors LLC 7.07% of their portfolio San Juan, PR 7,021,7707.0m $379.5m $379.5m 7.07% Added +810.2k +810,188
38 Nicholas Hoffman & Company, LLC. 8.27% of their portfolio ATLANTA, GA 6,630,1846.6m $358.4m $358.4m 8.27% Added +19.7k +19,658
39 US BANCORP \DE\ 0.42% of their portfolio MINNEAPOLIS, MN 6,366,2786.4m $344.7m $344.7m 0.42% Reduced -1.1m -1,125,152
40 STIFEL FINANCIAL CORP 0.31% of their portfolio ST. LOUIS, MO 6,181,3546.2m $334.1m $334.1m 0.31% Added +1.5m +1,460,570
41 COMMONWEALTH EQUITY SERVICES, LLC 0.46% of their portfolio WALTHAM, MA 6,093,4546.1m $329.4m $329.4m 0.46% Reduced -715.3k -715,326
42 REGIONS FINANCIAL CORP 2.03% of their portfolio BIRMINGHAM, AL 5,772,6175.8m $312.0m $312.0m 2.03% Added +2.4m +2,385,625
43 Jasper Ridge Partners, L.P. 6.85% of their portfolio MENLO PARK, CA 5,692,1205.7m $307.7m $307.7m 6.85% Added +13.5k +13,534
44 Wealthspire Advisors, LLC 2.08% of their portfolio NEW YORK, NY 4,897,4224.9m $264.7m $264.7m 2.08% Added +186.5k +186,509
45 JONES FINANCIAL COMPANIES LLLP 0.12% of their portfolio DES PERES, MO 4,846,9034.8m $257.8m $257.8m 0.12% Added +690.1k +690,143
46 Cetera Investment Advisers 0.28% of their portfolio SCHAUMBURG, IL 4,809,5824.8m $260.0m $260.0m 0.28% Added +11.6k +11,580
47 Elm Partners Management LLC 10.52% of their portfolio Philadelphia, PA 4,632,1934.6m $242.8m $242.8m 10.52% Added +6.5k +6,496
48 Valmark Advisers, Inc. 2.95% of their portfolio AKRON, OH 4,599,7774.6m $248.6m $248.6m 2.95% Added +104.7k +104,722
49 RWA WEALTH PARTNERS, LLC 2.67% of their portfolio BOSTON, MA 4,518,4704.5m $244.2m $244.2m 2.67% Added +333.5k +333,527
50 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,507,8964.5m $243.7m $243.7m 0.00% Added +96.5k +96,462
51 SIGNATUREFD, LLC 3.71% of their portfolio ATLANTA, GA 4,473,0084.5m $241.8m $241.8m 3.71% Added +136.9k +136,865
52 Cerity Partners LLC 0.32% of their portfolio NEW YORK, NY 4,201,2934.2m $227.5m $227.5m 0.32% Added +602.2k +602,232
53 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 3.27% of their portfolio MINNEAPOLIS, MN 4,125,1804.1m $223.0m $223.0m 3.27% Added +1.3m +1,253,915
54 MAI Capital Management 1.16% of their portfolio INDEPENDENCE, OH 3,781,5323.8m $204.4m $204.4m 1.16% Added +204.1k +204,060
55 Focus Partners Wealth 0.23% of their portfolio ST LOUIS, MO 3,763,0983.8m $203.5m $203.5m 0.23% Added +250.5k +250,473
56 Facet Wealth, Inc. 3.50% of their portfolio WEST PALM BEACH, FL 3,735,3713.7m $201.9m $201.9m 3.50% Added +136.0k +136,019
57 SCS Capital Management LLC 2.06% of their portfolio BOSTON, MA 3,601,9873.6m $194.7m $194.7m 2.06% Added +29.1k +29,090
58 BRIDGES INVESTMENT MANAGEMENT INC 2.53% of their portfolio OMAHA, NE 3,455,6733.5m $186.8m $186.8m 2.53% Added +118.5k +118,524
59 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 3,439,1543.4m $185.9m $185.9m 0.08% Added +122.5k +122,450
60 BOKF, NA 2.80% of their portfolio TULSA, OK 3,385,5453.4m $183.0m $183.0m 2.80% Added +104.7k +104,695
61 Wedmont Private Capital 5.98% of their portfolio WEST CHESTER, PA 3,280,8633.3m $185.4m $185.4m 5.98% Added +253.6k +253,553
62 CHOREO, LLC 2.15% of their portfolio ROCKFORD, IL 3,243,8973.2m $175.3m $175.3m 2.15% Added +323.4k +323,425
63 Sand Hill Global Advisors, LLC 5.87% of their portfolio Palo Alto, CA 3,228,1213.2m $174.5m $174.5m 5.87% Added +93.2k +93,168
64 Gallagher Fiduciary Advisors, LLC 0.00% of their portfolio ROLLING MEADOWS, IL 3,223,1253.2m $69.2k $69.2k 0.00% Added +3.2m +3,161,052
65 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.15% of their portfolio Toronto, A6 3,184,1333.2m $172.1m $172.1m 0.15% Reduced -191.3k -191,317
66 Rockefeller Capital Management L.P. 0.30% of their portfolio NEW YORK, NY 3,134,6443.1m $169.4m $169.4m 0.30% Reduced -16.0k -15,952
67 SBI Okasan Asset Management Co.Ltd. 6.67% of their portfolio TOKYO, M0 3,106,0503.1m $162.8m $162.8m 6.67% Added +1.4m +1,409,610
68 CIBC Bancorp USA Inc. 0.22% of their portfolio CHICAGO, IL 3,075,7413.1m $165.7m $165.7m 0.22% First filing
69 NEPC LLC 3.25% of their portfolio Boston, MA 3,017,4153.0m $163.1m $163.1m 3.25% Unchanged
70 HUNTINGTON NATIONAL BANK 0.88% of their portfolio COLUMBUS, OH 2,943,0542.9m $159.1m $159.1m 0.88% Reduced -50.0k -50,027
71 FIFTH THIRD BANCORP 0.29% of their portfolio CINCINNATI, OH 2,941,7032.9m $159.0m $159.0m 0.29% Added +1.2m +1,187,987
72 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 2.53% of their portfolio BOSTON, MA 2,932,5472.9m $158.5m $158.5m 2.53% Reduced -332.3k -332,312
73 JMG Financial Group, Ltd. 4.36% of their portfolio DOWNERS GROVE, IL 2,930,3272.9m $158.4m $158.4m 4.36% Added +48.0k +48,048
74 MML INVESTORS SERVICES, LLC 0.44% of their portfolio SPRINGFIELD, MA 2,913,4862.9m $157.5m $157.5m 0.44% Reduced -163.6k -163,565
75 OSAIC HOLDINGS, INC. 0.23% of their portfolio SCOTTSDALE, AZ 2,898,4382.9m $156.7m $156.7m 0.23% Added +142.5k +142,510
76 Ballentine Partners, LLC 2.13% of their portfolio Waltham, MA 2,832,0342.8m $153.1m $153.1m 2.13% Added +35.1k +35,149
77 VANTAGEPOINT INVESTMENT ADVISERS LLC 1.25% of their portfolio WASHINGTON, DC 2,740,6602.7m $148.1m $148.1m 1.25% Added +480.6k +480,569
78 BLB&B Advisors, LLC 6.08% of their portfolio MONTGOMERYVILLE, PA 2,722,1372.7m $147.1m $147.1m 6.08% Added +79.9k +79,856
79 Bridgewater Associates, LP 0.66% of their portfolio Westport, CT 2,721,7402.7m $147.1m $147.1m 0.66% Added +116.6k +116,604
80 KEYBANK NATIONAL ASSOCIATION/OH 0.52% of their portfolio BROOKLYN, OH 2,658,8882.7m $143.7m $143.7m 0.52% Added +77.8k +77,847
81 SOFI WEALTH, LLC 6.49% of their portfolio SAN FRANCISCO, CA 2,493,5812.5m $134.8m $134.8m 6.49% Reduced -72.3k -72,302
82 Badgley Phelps Wealth Managers, LLC 2.68% of their portfolio SEATTLE, WA 2,485,9632.5m $134.4m $134.4m 2.68% Added +69.5k +69,524
83 M&T Bank Corp 0.46% of their portfolio BUFFALO, NY 2,480,5652.5m $134.1m $134.1m 0.46% Reduced -23.5k -23,503
84 Pure Financial Advisors, LLC 1.86% of their portfolio SAN DIEGO, CA 2,391,9802.4m $129.3m $129.3m 1.86% Added +72.5k +72,486
85 ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio NASHVILLE, TN 2,252,6692.3m $121.1m $121.1m 0.04% Added +205.8k +205,805
86 Johnson Financial Group, LLC 7.68% of their portfolio Denver, CO 2,133,0412.1m $115.3m $115.3m 7.68% Reduced -68.8k -68,782
87 TD Waterhouse Canada Inc. 0.34% of their portfolio TORONTO, A6 2,127,3702.1m $115.0m $115.0m 0.34% Added +1.2m +1,161,728
88 Janney Montgomery Scott LLC 0.28% of their portfolio PHILADELPHIA, PA 2,087,7992.1m $112.8m $112.8m 0.28% Added +347.4k +347,400
89 Fusion Family Wealth, LLC 8.36% of their portfolio WOODBURY, NY 2,071,2832.1m $112.0m $112.0m 8.36% Added +22.0k +22,009
90 Beacon Pointe Advisors, LLC 0.58% of their portfolio NEWPORT BEACH, CA 2,008,0312.0m $108.5m $108.5m 0.58% Added +890.5k +890,523
91 D.A. DAVIDSON & CO. 0.65% of their portfolio GREAT FALLS, MT 1,981,6882.0m $107.1m $107.1m 0.65% Added +101.1k +101,075
92 CBIZ Investment Advisory Services, LLC 3.90% of their portfolio INDEPENDENCE, OH 1,975,0172.0m $106.7m $106.7m 3.90% Reduced -3.2k -3,192
93 Pathstone Holdings, LLC 0.42% of their portfolio ENGLEWOOD, NJ 1,973,0932.0m $106.6m $106.6m 0.42% Added +55.4k +55,448
94 Apella Capital, LLC 1.72% of their portfolio WEST HARTFORD, CT 1,959,3682.0m $116.0m $116.0m 1.72% Added +76.2k +76,240
95 Steele Capital Management, Inc. 4.30% of their portfolio DUBUQUE, IA 1,918,4321.9m $103.7m $103.7m 4.30% Added +66.6k +66,603
96 FMR LLC 0.01% of their portfolio BOSTON, MA 1,916,8901.9m $103.6m $103.6m 0.01% Added +90.3k +90,341
97 EVOKE WEALTH, LLC 1.88% of their portfolio Los Angeles, CA 1,885,1361.9m $101.9m $101.9m 1.88% Added +183.4k +183,379
98 Summit Trail Advisors, LLC 1.45% of their portfolio NEW YORK, NY 1,873,2461.9m $101.2m $101.2m 1.45% Added +316.1k +316,118
99 Laird Norton Wetherby Trust Company, LLC 2.21% of their portfolio Seattle, WA 1,870,6671.9m $101.1m $101.1m 2.21% Added +117.0k +117,048
100 Willis Johnson & Associates, Inc. 5.78% of their portfolio Houston, TX 1,832,1541.8m $99.0m $99.0m 5.78% Added +41.8k +41,761