Vault-13

VANGUARD WORLD FD VDE

ENERGY ETF · ETP · CUSIP 92204A306

650 institutional holders -47 vs Q1 2025
21,013,27521.0m shares reported held*
$2.5bnreported value*
30 new 237 added 247 reduced 75 sold out net bought ≈ $129.9m (+1.1m 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 ($2.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $119.17. Options: 7 managers hold calls ($14.3m notional), 3 hold puts ($7.0m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 520Q4 22: 599Q1 23: 566Q2 23: 569Q3 23: 606Q4 23: 627Q1 24: 629Q2 24: 626Q3 24: 625Q4 24: 695Q1 25: 697Q2 25: 650650Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022520
Q4 2022599
Q1 2023566
Q2 2023569
Q3 2023606
Q4 2023627
Q1 2024629
Q2 2024626
Q3 2024625
Q4 2024695
Q1 2025697
Q2 2025650

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 289 bought or addedQ3 23: 200 cut or sold outQ4 23: 259 bought or addedQ4 23: 267 cut or sold outQ4 23Q1 24: 290 bought or addedQ1 24: 258 cut or sold outQ2 24: 243 bought or addedQ2 24: 268 cut or sold outQ2 24Q3 24: 281 bought or addedQ3 24: 259 cut or sold outQ4 24: 332 bought or addedQ4 24: 236 cut or sold outQ4 24Q1 25: 308 bought or addedQ1 25: 300 cut or sold outQ2 25: 267 bought or addedQ2 25: 322 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023289200
Q4 2023259267
Q1 2024290258
Q2 2024243268
Q3 2024281259
Q4 2024332236
Q1 2025308300
Q2 2025267322

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $12.3mQ3 24 puts: $2.3mQ3 24P/C 0.19Q4 24 calls: $17.2mQ4 24 puts: $2.8mQ4 24P/C 0.16Q1 25 calls: $11.2mQ1 25 puts: $4.4mQ1 25P/C 0.40Q2 25 calls: $14.3mQ2 25 puts: $7.0mQ2 25P/C 0.49
Numbers
QuarterCallsPutsP/C
Q3 2024$12.3m$2.3m0.19
Q4 2024$17.2m$2.8m0.16
Q1 2025$11.2m$4.4m0.40
Q2 2025$14.3m$7.0m0.49

Biggest buyers

Beacon Capital Management, Inc. Added +710,708+710.7k
ROYAL BANK OF CANADA Added +419,495+419.5k
BNP PARIBAS FINANCIAL MARKETS Added +351,963+352.0k
Rockefeller Capital Management L.P. Added +134,761+134.8k
ALTFEST L J & CO INC New +82,792+82.8k
LPL Financial LLC Added +81,298+81.3k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +71,067+71.1k
WELLS FARGO & COMPANY/MN Added +57,518+57.5k
CITADEL ADVISORS LLC Added +54,282+54.3k
Stratos Wealth Advisors, LLC Added +40,321+40.3k

Biggest sellers

UBS Group AG Reduced -138,667-138.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -125,919-125.9k
OSAIC HOLDINGS, INC. Reduced -64,493-64.5k
PGIM Custom Harvest LLC Reduced -56,283-56.3k
MORGAN STANLEY Reduced -49,426-49.4k
Cetera Investment Advisers Reduced -48,277-48.3k
Geneos Wealth Management Inc. Reduced -45,995-46.0k
BANK OF AMERICA CORP /DE/ Reduced -44,804-44.8k
Alaska Permanent Fund Corp Sold out -43,000-43.0k
SWAN Capital LLC Reduced -40,752-40.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.5m71.5k shares
Cubist Systematic Strategies, LLC Added $2.2m18.8k shares
CITADEL ADVISORS LLC Reduced $2.2m18.6k shares
JANE STREET GROUP, LLC Added $1.0m8.8k shares
GROUP ONE TRADING LLC New $194.2k1.1k shares
Sequoia Financial Advisors, LLC New $107.2k900 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

Cubist Systematic Strategies, LLC Added $3.7m31.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.9m16.0k shares
CITADEL ADVISORS LLC Added $1.4m11.5k 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 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 2,110,5282.1m $251.4m $251.4m 0.02% Reduced -44.8k -44,804
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,592,8391.6m $189.7m $189.7m 0.01% Reduced -49.4k -49,426
3 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,235,2131.2m $147.1m $147.1m 0.03% Added +57.5k +57,518
4 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,063,0961.1m $126.6m $126.6m 0.03% Reduced -138.7k -138,667
5 Wealthfront Advisers LLC 0.27% of their portfolio Palo Alto, CA 882,562882.6k $105.1m $105.1m 0.27% Reduced -25.5k -25,457
6 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio Toronto, A6 860,760860.8k $102.5m $102.5m 0.09% Added +71.1k +71,067
7 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 828,604828.6k $98.7m $98.7m 0.01% Added +419.5k +419,495
8 Beacon Capital Management, Inc. 4.63% of their portfolio DAYTON, OH 754,276754.3k $89.8m $89.8m 4.63% Added +710.7k +710,708
9 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 699,258699.3k $83.3m $83.3m 0.03% Added +81.3k +81,298
10 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 427,520427.5k $50.9m $50.9m 0.01% Reduced -125.9k -125,919
11 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 353,477353.5k $42.1m $42.1m 0.03% Added +352.0k +351,963
12 SCS Capital Management LLC 0.45% of their portfolio BOSTON, MA 344,174344.2k $41.0m $41.0m 0.45% Added +9.1k +9,149
13 PGIM Custom Harvest LLC 0.81% of their portfolio NEWARK, NJ 330,346330.3k $39.4m $39.4m 0.81% Reduced -56.3k -56,283
14 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 318,691318.7k $38.0m $38.0m 0.04% Added +1.7k +1,670
15 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 270,920270.9k $32.3m $32.3m 0.04% Added +134.8k +134,761
16 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 263,004263.0k $31.3m $31.3m 0.02% Reduced -39.2k -39,209
17 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 245,750245.8k $29.3m $29.3m 0.04% Added +25.9k +25,935
18 Empower Advisory Group, LLC 0.09% of their portfolio Greenwood Village, CO 243,129243.1k $29.0m $29.0m 0.09% Added +17.1k +17,069
19 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 227,993228.0k $27.2m $27.2m 0.01% Reduced -22.0k -21,983
20 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 209,821209.8k $25.0m $25.0m 0.04% Reduced -48.3k -48,277
21 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 185,192185.2k $22.1m $22.1m 0.03% Added +39.7k +39,749
22 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.48% of their portfolio BOSTON, MA 184,100184.1k $21.9m $21.9m 0.48% Added +16.7k +16,692
23 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 162,990163.0k $19.4m $19.4m 0.03% Reduced -64.5k -64,493
24 GREENWOOD GEARHART LLC 1.18% of their portfolio FAYETTEVILLE, AR 159,110159.1k $19.0m $19.0m 1.18% Added +10.6k +10,614
25 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 154,602154.6k $18.3m $18.3m 0.00% Added +6.6k +6,609
26 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 153,536153.5k $18.3m $18.3m 0.02% Reduced -7.4k -7,387
27 EVERGREEN CAPITAL MANAGEMENT LLC 0.51% of their portfolio Bellevue, WA 141,768141.8k $16.9m $16.9m 0.51% Added +2.2k +2,166
28 Zuckerman Investment Group, LLC 1.37% of their portfolio CHICAGO, IL 118,984119.0k $14.2m $14.2m 1.37% Added +2.4k +2,423
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 112,562112.6k $13.4m $13.4m 0.00% Reduced -3.0k -3,007
30 Estate Counselors, LLC 1.31% of their portfolio Thiensville, WI 111,960112.0k $13.3m $13.3m 1.31% Reduced -1.4k -1,385
31 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 111,688111.7k $13.3m $13.3m 0.04% Reduced -2.1k -2,101
32 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 109,357109.4k $13.0m $13.0m 0.03% Added +22.5k +22,455
33 TrueWealth Financial Partners 7.07% of their portfolio BELLEVUE, WA 107,687107.7k $12.8m $12.8m 7.07% Reduced -6.9k -6,902
34 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 103,189103.2k $12.3m $12.3m 0.01% Added +811 +811
35 Greenline Partners, LLC 1.60% of their portfolio NEW YORK, NY 99,93999.9k $11.9m $11.9m 1.60% Reduced -264 -264
36 CMH Wealth Management LLC 2.65% of their portfolio PORTSMOUTH, NH 95,40795.4k $11.4m $11.4m 2.65% Reduced -21.0k -21,000
37 ALLEN WEALTH MANAGEMENT, LLC 7.79% of their portfolio Boone, NC 93,55093.5k $11.1m $11.1m 7.79% Added +565 +565
38 ALTFEST L J & CO INC 1.16% of their portfolio NEW YORK, NY 82,79282.8k $9.9m $9.9m 1.16% New
39 D.A. DAVIDSON & CO. 0.07% of their portfolio GREAT FALLS, MT 81,98182.0k $9.8m $9.8m 0.07% Reduced -2.5k -2,467
40 BFSG, LLC 1.05% of their portfolio IRVINE, CA 78,42878.4k $9.3m $9.3m 1.05% Reduced -4.3k -4,307
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 74,20974.2k $8.8m $8.8m 0.00% Added +29.9k +29,949
42 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 73,25773.3k $8.7m $8.7m 0.01% Added +5.7k +5,667
43 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 66,18966.2k $7.9m $7.9m 0.01% Added +54.3k +54,282
44 M&T Bank Corp 0.03% of their portfolio BUFFALO, NY 64,60964.6k $7.7m $7.7m 0.03% Reduced -13.3k -13,279
45 Roundview Capital LLC 0.51% of their portfolio PRINCETON, NJ 64,28064.3k $7.7m $7.7m 0.51% Reduced -874 -874
46 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 59,92859.9k $7.1m $7.1m 0.02% Reduced -23.5k -23,465
47 Evelyn Partners Asset Management Ltd 1.81% of their portfolio London, X0 59,84159.8k $7.1m $7.1m 1.81% Added +1.6k +1,618
48 KCM INVESTMENT ADVISORS LLC 0.22% of their portfolio GREENBRAE, CA 53,89353.9k $6.4m $6.4m 0.22% Reduced -5.0k -4,978
49 Sanctuary Advisors, LLC 0.04% of their portfolio INDIANAPOLIS, IN 53,85453.9k $6.4m $6.4m 0.04% Added +272 +272
50 Evolution Wealth Advisors, LLC 0.92% of their portfolio AVENTURA, FL 52,76552.8k $6.3m $6.3m 0.92% Reduced -2.7k -2,665
51 Elgethun Capital Management 1.24% of their portfolio SIOUX FALLS, SD 51,69751.7k $6.2m $6.2m 1.24% Added +1.5k +1,532
52 GoalFusion Wealth Management, LLC 3.16% of their portfolio AUSTIN, TX 51,63651.6k $6.2m $6.2m 3.16% Added +2.2k +2,182
53 AVANTAX ADVISORY SERVICES, INC. 0.03% of their portfolio DALLAS, TX 51,46351.5k $6.1m $6.1m 0.03% Reduced -1.4k -1,363
54 McKinley Carter Wealth Services, Inc. 0.34% of their portfolio WHEELING, WV 51,23951.2k $6.1m $6.1m 0.34% Added +166 +166
55 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 50,44850.4k $6.2m $6.2m 0.01% Reduced -5.1k -5,142
56 SWAN Capital LLC 2.57% of their portfolio PENSACOLA, FL 49,67049.7k $5.9m $5.9m 2.57% Reduced -40.8k -40,752
57 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 49,29749.3k $5.9m $5.9m 0.02% Added +49 +49
58 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 48,77948.8k $5.8m $5.8m 0.00% Added +25.0k +25,014
59 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 48,49548.5k $5.8m $5.8m 0.02% Reduced -1.2k -1,247
60 CHOREO, LLC 0.07% of their portfolio ROCKFORD, IL 45,01845.0k $5.4m $5.4m 0.07% Added +36.2k +36,177
61 Stratos Wealth Advisors, LLC 0.28% of their portfolio BEACHWOOD, OH 44,34644.3k $5.3m $5.3m 0.28% Added +40.3k +40,321
62 Ameritas Advisory Services, LLC 0.27% of their portfolio Lincoln, NE 42,82542.8k $5.1m $5.1m 0.27% Reduced -9.1k -9,061
63 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 42,17742.2k $5.0m $5.0m 0.02% Added +6.4k +6,416
64 Shilanski & Associates, Inc. 1.40% of their portfolio ANCHORAGE, AK 41,27741.3k $4.9m $4.9m 1.40% Added +1.1k +1,069
65 CW Advisors, LLC 0.05% of their portfolio BOSTON, MA 40,22540.2k $4.8m $4.8m 0.05% Reduced -31.8k -31,836
66 Foundations Investment Advisors, LLC 0.07% of their portfolio PHOENIX, AZ 39,39239.4k $4.7m $4.7m 0.07% Added +4.7k +4,717
67 FIFTH THIRD BANCORP 0.02% of their portfolio CINCINNATI, OH 39,25139.3k $4.7m $4.7m 0.02% Reduced -2.0k -2,034
68 Strengthening Families & Communities, LLC 2.57% of their portfolio BOSTON, MA 38,52338.5k $4.6m $4.6m 2.57% Reduced -2.0k -1,959
69 Lido Advisors, LLC 0.02% of their portfolio Los Angeles, CA 36,77936.8k $4.4m $4.4m 0.02% Added +2.1k +2,107
70 Anchor Investment Management, LLC 0.37% of their portfolio COLUMBIA, SC 35,15335.2k $4.2m $4.2m 0.37% Added +3.9k +3,906
71 Keudell/Morrison Wealth Management 0.92% of their portfolio Salem, OR 34,75534.8k $4.1m $4.1m 0.92% Added +337 +337
72 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 34,48434.5k $4.1m $4.1m 0.01% Added +438 +438
73 MONTAG A & ASSOCIATES INC 0.20% of their portfolio ATLANTA, GA 33,70433.7k $4.0m $4.0m 0.20% Reduced -646 -646
74 Atria Wealth Solutions, Inc. 0.09% of their portfolio NEW YORK, NY 33,59933.6k $4.0m $4.0m 0.09% Reduced -21.2k -21,177
75 Orion Porfolio Solutions, LLC 0.03% of their portfolio OMAHA, NE 33,48033.5k $4.0m $4.0m 0.03% Added +940 +940
76 Full Sail Capital, LLC 0.23% of their portfolio OKLAHOMA CITY, OK 33,34133.3k $4.0m $4.0m 0.23% Added +5.4k +5,371
77 TWIN FOCUS CAPITAL PARTNERS, LLC 0.55% of their portfolio Boston, MA 32,97733.0k $3.9m $3.9m 0.55% Unchanged
78 Parallel Advisors, LLC 0.08% of their portfolio SAN FRANCISCO, CA 32,36032.4k $3.9m $3.9m 0.08% Reduced -56 -56
79 Prospera Financial Services Inc 0.07% of their portfolio Dallas, TX 32,03132.0k $3.8m $3.8m 0.07% Added +20.4k +20,417
80 HOLLENCREST CAPITAL MANAGEMENT 0.16% of their portfolio NEWPORT BEACH, CA 31,91231.9k $3.8m $3.8m 0.16% Added +146 +146
81 Atria Investments, Inc 0.04% of their portfolio Charlotte, NC 31,52831.5k $3.8m $3.8m 0.04% Reduced -368 -368
82 CENTAURUS FINANCIAL, INC. 0.22% of their portfolio ANAHEIM, CA 31,51731.5k $3.8m $3.8m 0.22% Added +1.1k +1,071
83 Axiom Financial Strategies, LLC 2.09% of their portfolio NEW ALBANY, IN 31,46731.5k $3.7m $3.7m 2.09% Reduced -453 -453
84 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 30,84130.8k $3.7m $3.7m 0.01% Reduced -27.4k -27,440
85 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 30,48530.5k $3.6m $3.6m 0.01% Reduced -117 -117
86 LRI Investments, LLC 0.30% of their portfolio PALM BEACH GARDENS, FL 29,33829.3k $3.5m $3.5m 0.30% Added +2.6k +2,568
87 Richmond Brothers, Inc. 2.29% of their portfolio JACKSON, MI 29,32029.3k $3.5m $3.5m 2.29% Reduced -1.5k -1,486
88 Praetorian Wealth Management, Inc. 0.79% of their portfolio CARMEL, CA 28,97929.0k $3.5m $3.5m 0.79% Reduced -7.5k -7,531
89 MassMutual Private Wealth & Trust, FSB 0.09% of their portfolio Windsor, CT 27,88827.9k $3.3m $3.3m 0.09% Added +1.2k +1,201
90 Boxwood Ventures, Inc. 4.27% of their portfolio CHICAGO, IL 27,72027.7k $3.3m $3.3m 4.27% Unchanged
91 Family Firm, Inc. 0.79% of their portfolio BETHESDA, MD 27,48927.5k $3.3m $3.3m 0.79% Reduced -1.3k -1,276
92 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 26,62126.6k $3.2m $3.2m 0.02% Reduced -2.0k -1,994
93 AlphaCore Capital LLC 0.12% of their portfolio LA JOLLA, CA 26,43626.4k $3.1m $3.1m 0.12% Added +25.4k +25,428
94 Silver Coast Investments LLC 1.11% of their portfolio SAN DIEGO, X1 25,55925.6k $3.0m $3.0m 1.11% Added +1.5k +1,474
95 SEAMOUNT FINANCIAL GROUP INC 1.53% of their portfolio COLORADO SPRINGS, CO 25,01125.0k $3.0m $3.0m 1.53% Added +843 +843
96 Bleakley Financial Group, LLC 0.08% of their portfolio PARSIPPANY, NJ 24,92824.9k $3.0m $3.0m 0.08% Reduced -940 -940
97 ASSETMARK, INC 0.01% of their portfolio CONCORD, CA 24,89624.9k $3.0m $3.0m 0.01% Added +13.5k +13,520
98 HC Advisors, LLC 2.09% of their portfolio SANDY SPRINGS, GA 24,88724.9k $3.0m $3.0m 2.09% Added +1.1k +1,101
99 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 24,70924.7k $2.9m $2.9m 0.01% Reduced -2.5k -2,539
100 Valmark Advisers, Inc. 0.04% of their portfolio AKRON, OH 24,49924.5k $2.9m $2.9m 0.04% Reduced -249 -249