Vault-13

VANGUARD WORLD FD VDE

ENERGY ETF · ETP · CUSIP 92204A306

667 institutional holders +31 vs Q3 2025
20,129,84520.1m shares reported held*
$2.5bnreported value*
47 new 232 added 214 reduced 41 sold out net sold ≈ $11.0m (-90.4k 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 ($6.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $126.27. Options: 4 managers hold calls ($11.6m notional), 4 hold puts ($3.4m).

Trends to Q4 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: 650Q3 25: 636Q4 25: 667667Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 2025636
Q4 2025667

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 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 25Q3 25: 274 bought or addedQ3 25: 268 cut or sold outQ4 25: 279 bought or addedQ4 25: 255 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024290258
Q2 2024243268
Q3 2024281259
Q4 2024332236
Q1 2025308300
Q2 2025267322
Q3 2025274268
Q4 2025279255

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 25 calls: $11.2mQ1 25 puts: $4.4mQ1 25P/C 0.40Q2 25 calls: $14.3mQ2 25 puts: $7.0mQ2 25P/C 0.49Q3 25 calls: $15.5mQ3 25 puts: $11.0mQ3 25P/C 0.71Q4 25 calls: $11.6mQ4 25 puts: $3.4mQ4 25P/C 0.30
Numbers
QuarterCallsPutsP/C
Q1 2025$11.2m$4.4m0.40
Q2 2025$14.3m$7.0m0.49
Q3 2025$15.5m$11.0m0.71
Q4 2025$11.6m$3.4m0.30

Biggest buyers

Corient Private Wealth LP Added +266,889+266.9k
Ameritas Advisory Services, LLC Added +192,404+192.4k
BNP PARIBAS FINANCIAL MARKETS Added +50,435+50.4k
Greenline Partners, LLC Added +49,782+49.8k
AMERIPRISE FINANCIAL INC Added +47,895+47.9k
CWM, LLC Added +44,460+44.5k
M Holdings Securities, Inc. New +38,039+38.0k
Empowered Funds, LLC New +33,421+33.4k
SCS Capital Management LLC Added +30,766+30.8k
ROYAL BANK OF CANADA Added +27,563+27.6k

Biggest sellers

MORGAN STANLEY Reduced -134,328-134.3k
Quadrature Capital Ltd Sold out -126,011-126.0k
JPMORGAN CHASE & CO Reduced -103,575-103.6k
Beacon Capital Management, Inc. Reduced -89,429-89.4k
Sanctuary Advisors, LLC Reduced -89,006-89.0k
TrueWealth Financial Partners Sold out -87,615-87.6k
WELLS FARGO & COMPANY/MN Reduced -52,496-52.5k
UBS Group AG Reduced -47,258-47.3k
McKinley Carter Wealth Services, Inc. Reduced -46,401-46.4k
HighTower Advisors, LLC Reduced -42,171-42.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.9m46.8k shares
JANE STREET GROUP, LLC Added $3.7m29.2k shares
CITADEL ADVISORS LLC Reduced $1.6m12.6k shares
Point72 Asset Management, L.P. New $453.3k3.6k shares

Biggest puts

CITADEL ADVISORS LLC Added $1.4m11.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.1m9.1k shares
Point72 Asset Management, L.P. New $478.5k3.8k shares
JANE STREET GROUP, LLC Reduced $365.2k2.9k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 1,994,3682.0m $251.1m $251.1m 0.02% Added +9.7k +9,725
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,478,1731.5m $186.1m $186.1m 0.01% Reduced -134.3k -134,328
3 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 1,054,9491.1m $132.8m $132.8m 0.03% Reduced -52.5k -52,496
4 UBS Group AG 0.02% of their portfolio ZURICH, V8 993,055993.1k $125.0m $125.0m 0.02% Reduced -47.3k -47,258
5 Wealthfront Advisers LLC 0.24% of their portfolio Palo Alto, CA 835,630835.6k $105.2m $105.2m 0.24% Reduced -17.2k -17,247
6 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 813,753813.8k $102.5m $102.5m 0.03% Added +12.8k +12,772
7 Beacon Capital Management, Inc. 5.37% of their portfolio DAYTON, OH 797,700797.7k $100.4m $100.4m 5.37% Reduced -89.4k -89,429
8 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.08% of their portfolio Toronto, A6 782,845782.8k $98.6m $98.6m 0.08% Added +72 +72
9 ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio Berwyn, PA 484,297484.3k $61.0m $61.0m 0.02% Reduced -14.3k -14,291
10 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 419,368419.4k $52.8m $52.8m 0.01% Added +27.6k +27,563
11 SCS Capital Management LLC 0.49% of their portfolio BOSTON, MA 370,931370.9k $46.7m $46.7m 0.49% Added +30.8k +30,766
12 PGIM Custom Harvest LLC 0.65% of their portfolio NEWARK, NJ 349,241349.2k $44.0m $44.0m 0.65% Added +3.0k +3,048
13 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 306,949306.9k $38.7m $38.7m 0.03% Reduced -8.5k -8,457
14 Corient Private Wealth LP 0.02% of their portfolio MIAMI, FL 295,166295.2k $37.2m $37.2m 0.02% Added +266.9k +266,889
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 276,999277.0k $34.9m $34.9m 0.02% Added +14.9k +14,856
16 Empower Advisory Group, LLC 0.09% of their portfolio Greenwood Village, CO 272,021272.0k $34.3m $34.3m 0.09% Added +27.2k +27,227
17 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 262,767262.8k $33.1m $33.1m 0.04% Reduced -22.7k -22,667
18 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 223,667223.7k $28.2m $28.2m 0.04% Added +7.2k +7,242
19 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 211,434211.4k $26.6m $26.6m 0.01% Reduced -9.1k -9,137
20 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.44% of their portfolio BOSTON, MA 211,153211.2k $26.6m $26.6m 0.44% Unchanged
21 HighTower Advisors, LLC 0.03% of their portfolio CHICAGO, IL 202,684202.7k $25.5m $25.5m 0.03% Reduced -42.2k -42,171
22 Ameritas Advisory Services, LLC 0.92% of their portfolio Lincoln, NE 195,956196.0k $24.7m $24.7m 0.92% Added +192.4k +192,404
23 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 184,442184.4k $23.2m $23.2m 0.01% Added +47.9k +47,895
24 GREENWOOD GEARHART LLC 1.22% of their portfolio FAYETTEVILLE, AR 175,649175.6k $22.1m $22.1m 1.22% Added +11.1k +11,107
25 Greenline Partners, LLC 2.26% of their portfolio NEW YORK, NY 156,927156.9k $19.8m $19.8m 2.26% Added +49.8k +49,782
26 EVERGREEN CAPITAL MANAGEMENT LLC 0.40% of their portfolio Bellevue, WA 142,837142.8k $18.0m $18.0m 0.40% Added +1.1k +1,069
27 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 139,632139.6k $17.6m $17.6m 0.03% Reduced -827 -827
28 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 137,664137.7k $17.3m $17.3m 0.03% Reduced -11.9k -11,876
29 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 129,190129.2k $16.3m $16.3m 0.04% Added +13.6k +13,627
30 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 118,249118.2k $14.9m $14.9m 0.02% Reduced -13.1k -13,102
31 Zuckerman Investment Group, LLC 1.32% of their portfolio CHICAGO, IL 117,426117.4k $14.8m $14.8m 1.32% Added +2.1k +2,103
32 Estate Counselors, LLC 1.20% of their portfolio Thiensville, WI 113,420113.4k $14.3m $14.3m 1.20% Reduced -550 -550
33 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 103,860103.9k $13.1m $13.1m 0.01% Reduced -2.5k -2,506
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 101,241101.2k $12.7m $12.7m 0.00% Reduced -103.6k -103,575
35 ALLEN WEALTH MANAGEMENT, LLC 7.59% of their portfolio Boone, NC 100,132100.1k $12.6m $12.6m 7.59% Added +4.3k +4,258
36 CMH Wealth Management LLC 2.58% of their portfolio PORTSMOUTH, NH 95,72295.7k $12.1m $12.1m 2.58% Added +104 +104
37 SWAN Capital LLC 4.58% of their portfolio PENSACOLA, FL 93,60893.6k $11.8m $11.8m 4.58% Added +11.0k +10,984
38 D.A. DAVIDSON & CO. 0.06% of their portfolio GREAT FALLS, MT 79,89079.9k $10.1m $10.1m 0.06% Reduced -418 -418
39 Sanctuary Advisors, LLC 0.05% of their portfolio INDIANAPOLIS, IN 71,49671.5k $9.0m $9.0m 0.05% Reduced -89.0k -89,006
40 BFSG, LLC 0.86% of their portfolio IRVINE, CA 70,23870.2k $8.8m $8.8m 0.86% Reduced -3.5k -3,548
41 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 70,22370.2k $8.8m $8.8m 0.01% Added +1.6k +1,613
42 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 64,04164.0k $8.1m $8.1m 0.02% Added +5.1k +5,052
43 Roundview Capital LLC 0.49% of their portfolio PRINCETON, NJ 62,93762.9k $7.9m $7.9m 0.49% Reduced -950 -950
44 Evelyn Partners Asset Management Ltd 1.80% of their portfolio London, X0 60,81560.8k $7.7m $7.7m 1.80% Reduced -454 -454
45 Elgethun Capital Management 1.26% of their portfolio SIOUX FALLS, SD 57,80757.8k $7.3m $7.3m 1.26% Added +4.8k +4,777
46 CWM, LLC 0.02% of their portfolio OMAHA, NE 55,47455.5k $7.0m $7.0m 0.02% Added +44.5k +44,460
47 Lido Advisors, LLC 0.03% of their portfolio Los Angeles, CA 53,10153.1k $6.7m $6.7m 0.03% Added +4.5k +4,486
48 KCM INVESTMENT ADVISORS LLC 0.21% of their portfolio GREENBRAE, CA 52,99653.0k $6.7m $6.7m 0.21% Reduced -264 -264
49 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 51,94151.9k $6.5m $6.5m 0.00% Added +50.4k +50,435
50 Richmond Brothers, Inc. 4.16% of their portfolio JACKSON, MI 51,91451.9k $6.5m $6.5m 4.16% Reduced -3.9k -3,934
51 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 51,77751.8k $6.5m $6.5m 0.02% Added +2.0k +1,971
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 49,83049.8k $6.4m $6.4m 0.01% Added +1.3k +1,279
53 Pathstone Holdings, LLC 0.02% of their portfolio ENGLEWOOD, NJ 49,22649.2k $6.2m $6.2m 0.02% Added +165 +165
54 EXCHANGE TRADED CONCEPTS, LLC 0.05% of their portfolio Oklahoma City, OK 49,12949.1k $6.2m $6.2m 0.05% Added +8.7k +8,748
55 Stratos Wealth Advisors, LLC 0.29% of their portfolio BEACHWOOD, OH 47,09647.1k $5.9m $5.9m 0.29% Added +1.9k +1,917
56 Atria Investments, Inc 0.07% of their portfolio Charlotte, NC 45,89545.9k $5.8m $5.8m 0.07% Added +2.3k +2,313
57 CHOREO, LLC 0.07% of their portfolio ROCKFORD, IL 45,27545.3k $5.7m $5.7m 0.07% Added +222 +222
58 Guardian Wealth Management, LLC 1.80% of their portfolio CHATTANOOGA, TN 45,16545.2k $5.7m $5.7m 1.80% First filing
59 M&T Bank Corp 0.02% of their portfolio BUFFALO, NY 45,03345.0k $5.7m $5.7m 0.02% Reduced -2.1k -2,079
60 Foundations Investment Advisors, LLC 0.07% of their portfolio PHOENIX, AZ 43,24243.2k $5.4m $5.4m 0.07% Added +3.2k +3,159
61 NEUBERGER BERMAN GROUP LLC 0.00% of their portfolio NEW YORK, NY 42,98543.0k $5.4m $5.4m 0.00% Reduced -5.8k -5,839
62 Strengthening Families & Communities, LLC 1.90% of their portfolio BOSTON, MA 42,32342.3k $5.3m $5.3m 1.90% Added +3.4k +3,376
63 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 40,55040.5k $5.1m $5.1m 0.02% Added +356 +356
64 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 40,25340.3k $5.1m $5.1m 0.00% Reduced -23.7k -23,716
65 M Holdings Securities, Inc. 0.34% of their portfolio PORTLAND, OR 38,03938.0k $4.8m $4.8m 0.34% New
66 GoalFusion Wealth Management, LLC 2.14% of their portfolio AUSTIN, TX 36,82536.8k $4.6m $4.6m 2.14% Reduced -16.9k -16,942
67 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 36,76536.8k $4.6m $4.6m 0.03% Added +26.5k +26,533
68 Anchor Investment Management, LLC 0.37% of their portfolio COLUMBIA, SC 36,33836.3k $4.6m $4.6m 0.37% Added +1.4k +1,439
69 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 36,33536.3k $4.6m $4.6m 0.01% Added +3.1k +3,145
70 Grove Bank & Trust 0.51% of their portfolio Miami, FL 36,33536.3k $4.6m $4.6m 0.51% Reduced -28.6k -28,554
71 FIFTH THIRD BANCORP 0.01% of their portfolio CINCINNATI, OH 36,08636.1k $4.5m $4.5m 0.01% Reduced -1.9k -1,914
72 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 35,80535.8k $4.5m $4.5m 0.01% Added +3.2k +3,167
73 LRI Investments, LLC 0.36% of their portfolio PALM BEACH GARDENS, FL 35,75735.8k $4.5m $4.5m 0.36% Added +3.3k +3,296
74 Flatrock Wealth Partners LLC 2.15% of their portfolio NEWPORT BEACH, CA 35,61535.6k $4.5m $4.5m 2.15% First filing
75 Keudell/Morrison Wealth Management 0.94% of their portfolio Salem, OR 35,55835.6k $4.5m $4.5m 0.94% First filing
76 CENTAURUS FINANCIAL, INC. 0.20% of their portfolio ANAHEIM, CA 35,22735.2k $4.4m $4.4m 0.20% Reduced -1.6k -1,577
77 Empowered Funds, LLC 0.07% of their portfolio NEWTOWN SQUARE, PA 33,42133.4k $4.2m $4.2m 0.07% New
78 Prospera Financial Services Inc 0.07% of their portfolio Dallas, TX 33,17233.2k $4.2m $4.2m 0.07% Added +2.1k +2,129
79 TWIN FOCUS CAPITAL PARTNERS, LLC 0.48% of their portfolio Boston, MA 32,97733.0k $4.2m $4.2m 0.48% Unchanged
80 HOLLENCREST CAPITAL MANAGEMENT 0.14% of their portfolio NEWPORT BEACH, CA 32,41932.4k $4.1m $4.1m 0.14% Added +158 +158
81 Orion Porfolio Solutions, LLC 0.03% of their portfolio OMAHA, NE 32,41332.4k $4.1m $4.1m 0.03% Reduced -2.5k -2,518
82 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 32,21832.2k $4.1m $4.1m 0.00% Added +6.5k +6,456
83 Parallel Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 31,81631.8k $4.0m $4.0m 0.07% Reduced -173 -173
84 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 30,51830.5k $3.8m $3.8m 0.01% Reduced -280 -280
85 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 30,33430.3k $3.8m $3.8m 0.04% Added +1.1k +1,087
86 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 29,87329.9k $3.8m $3.8m 0.00% Added +20.6k +20,605
87 Royal Fund Management, LLC 0.33% of their portfolio Lady Lake, FL 28,72028.7k $3.6m $3.6m 0.33% Added +8.8k +8,831
88 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 28,69428.7k $3.6m $3.6m 0.01% Added +96 +96
89 Boxwood Ventures, Inc. 3.51% of their portfolio CHICAGO, IL 27,72027.7k $3.5m $3.5m 3.51% Unchanged
90 MassMutual Private Wealth & Trust, FSB 0.09% of their portfolio Windsor, CT 27,42827.4k $3.5m $3.5m 0.09% Reduced -867 -867
91 Silver Coast Investments LLC 1.16% of their portfolio SAN DIEGO, X1 26,79126.8k $3.4m $3.4m 1.16% Added +917 +917
92 Tranquilli Financial Advisor LLC 1.95% of their portfolio Clinton, NJ 26,69726.7k $3.4m $3.4m 1.95% Reduced -813 -813
93 SEAMOUNT FINANCIAL GROUP INC 1.51% of their portfolio COLORADO SPRINGS, CO 26,47926.5k $3.3m $3.3m 1.51% Added +508 +508
94 CX Institutional 0.10% of their portfolio AUBURN, IN 26,04326.0k $3.3m $3.3m 0.10% Added +8.1k +8,123
95 Ashton Thomas Private Wealth, LLC 0.08% of their portfolio SCOTTSDALE, AZ 25,88025.9k $3.3m $3.3m 0.08% Added +1.4k +1,378
96 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 25,75725.8k $3.2m $3.2m 0.00% Added +5.1k +5,106
97 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 25,74825.7k $3.2m $3.2m 0.01% New
98 AlphaCore Capital LLC 0.07% of their portfolio LA JOLLA, CA 25,64425.6k $3.2m $3.2m 0.07% Reduced -582 -582
99 Tower Research Capital LLC (TRC) 0.08% of their portfolio NEW YORK, NY 25,49025.5k $3.2m $3.2m 0.08% Added +14.1k +14,073
100 Valmark Advisers, Inc. 0.04% of their portfolio AKRON, OH 25,29825.3k $3.2m $3.2m 0.04% Reduced -92 -92