Vault-13

VANGUARD WORLD FD VDE

ENERGY ETF · ETP · CUSIP 92204A306

781 institutional holders +114 vs Q4 2025
21,520,23321.5m shares reported held*
$3.7bnreported value*
138 new 263 added 223 reduced 29 sold out net bought ≈ $236.1m (+1.4m 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 ($10.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $172.95. Options: 5 managers hold calls ($37.5m notional), 4 hold puts ($25.5m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

05001kQ3 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: 667Q1 26: 781781Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 2026781

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 24: 243 bought or addedQ2 24: 268 cut or sold outQ3 24: 281 bought or addedQ3 24: 259 cut or sold outQ3 24Q4 24: 332 bought or addedQ4 24: 236 cut or sold outQ1 25: 308 bought or addedQ1 25: 300 cut or sold outQ1 25Q2 25: 267 bought or addedQ2 25: 322 cut or sold outQ3 25: 274 bought or addedQ3 25: 268 cut or sold outQ3 25Q4 25: 279 bought or addedQ4 25: 255 cut or sold outQ1 26: 401 bought or addedQ1 26: 252 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024243268
Q3 2024281259
Q4 2024332236
Q1 2025308300
Q2 2025267322
Q3 2025274268
Q4 2025279255
Q1 2026401252

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 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 0.30Q1 26 calls: $37.5mQ1 26 puts: $25.5mQ1 26P/C 0.68
Numbers
QuarterCallsPutsP/C
Q2 2025$14.3m$7.0m0.49
Q3 2025$15.5m$11.0m0.71
Q4 2025$11.6m$3.4m0.30
Q1 2026$37.5m$25.5m0.68

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS Added +400,286+400.3k
Mirae Asset Global Investments Co., Ltd. New +221,700+221.7k
MARSHALL WACE, LLP New +174,266+174.3k
PRUDENTIAL PLC New +134,900+134.9k
AMERIPRISE FINANCIAL INC Added +131,576+131.6k
TUDOR INVESTMENT CORP ET AL Added +122,701+122.7k
MORGAN STANLEY Added +109,506+109.5k
TrueWealth Financial Partners New +84,984+85.0k
ENVESTNET ASSET MANAGEMENT INC Added +82,518+82.5k
ROYAL BANK OF CANADA Added +73,950+74.0k

Biggest sellers

MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -285,479-285.5k
Corient Private Wealth LP Reduced -149,388-149.4k
WELLS FARGO & COMPANY/MN Reduced -77,603-77.6k
Beacon Capital Management, Inc. Reduced -77,170-77.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Reduced -53,224-53.2k
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Reduced -49,327-49.3k
Stratos Wealth Advisors, LLC Reduced -43,058-43.1k
Ameritas Advisory Services, LLC Reduced -36,012-36.0k
Empowered Funds, LLC Sold out -33,421-33.4k
Estate Counselors, LLC Reduced -30,431-30.4k

Biggest calls

CITADEL ADVISORS LLC Added $13.6m78.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $10.2m59.1k shares
Point72 Asset Management, L.P. Added $7.3m42.1k shares
IMC-Chicago, LLC New $3.8m20.8k shares
JANE STREET GROUP, LLC Reduced $2.6m15.3k shares

Biggest puts

Point72 Asset Management, L.P. Added $13.0m75.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $6.8m39.5k shares
CITADEL ADVISORS LLC Added $5.2m30.1k shares
JANE STREET GROUP, LLC Reduced $398.0k2.3k 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/ 0.02% of their portfolio CHARLOTTE, NC 1,964,2992.0m $339.9m $339.9m 0.02% Reduced -30.1k -30,069
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 1,587,6791.6m $274.7m $274.7m 0.02% Added +109.5k +109,506
3 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,025,1151.0m $177.4m $177.4m 0.03% Added +32.1k +32,060
4 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 977,346977.3k $169.1m $169.1m 0.03% Reduced -77.6k -77,603
5 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 818,310818.3k $141.6m $141.6m 0.04% Added +4.6k +4,557
6 Wealthfront Advisers LLC 0.31% of their portfolio Palo Alto, CA 807,650807.6k $139.8m $139.8m 0.31% Reduced -28.0k -27,980
7 Beacon Capital Management, Inc. 7.01% of their portfolio DAYTON, OH 720,530720.5k $124.7m $124.7m 7.01% Reduced -77.2k -77,170
8 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 566,815566.8k $98.1m $98.1m 0.03% Added +82.5k +82,518
9 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio Toronto, A6 497,366497.4k $86.1m $86.1m 0.07% Reduced -285.5k -285,479
10 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 493,318493.3k $85.4m $85.4m 0.02% Added +74.0k +73,950
11 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 452,227452.2k $78.3m $78.3m 0.05% Added +400.3k +400,286
12 SCS Capital Management LLC 0.68% of their portfolio BOSTON, MA 368,445368.4k $63.8m $63.8m 0.68% Reduced -2.5k -2,486
13 PGIM Custom Harvest LLC 0.96% of their portfolio NEWARK, NJ 354,019354.0k $61.3m $61.3m 0.96% Added +4.8k +4,778
14 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 316,018316.0k $55.2m $55.2m 0.01% Added +131.6k +131,576
15 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 301,437301.4k $52.2m $52.2m 0.05% Reduced -5.5k -5,512
16 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 300,782300.8k $52.0m $52.0m 0.06% Added +38.0k +38,015
17 Empower Advisory Group, LLC 0.11% of their portfolio Greenwood Village, CO 252,500252.5k $43.7m $43.7m 0.11% Reduced -19.5k -19,521
18 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 236,242236.2k $40.9m $40.9m 0.06% Added +12.6k +12,575
19 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio MILWAUKEE, WI 223,775223.8k $38.7m $38.7m 0.02% Reduced -53.2k -53,224
20 Mirae Asset Global Investments Co., Ltd. 0.11% of their portfolio SEOUL, M5 221,700221.7k $38.4m $38.4m 0.11% New
21 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 217,619217.6k $37.7m $37.7m 0.01% Added +6.2k +6,185
22 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 203,509203.5k $35.2m $35.2m 0.04% Added +825 +825
23 GREENWOOD GEARHART LLC 1.70% of their portfolio FAYETTEVILLE, AR 181,711181.7k $31.4m $31.4m 1.70% Added +6.1k +6,062
24 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 174,266174.3k $30.2m $30.2m 0.03% New
25 Greenline Partners, LLC 3.04% of their portfolio NEW YORK, NY 163,244163.2k $28.2m $28.2m 3.04% Added +6.3k +6,317
26 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 0.45% of their portfolio BOSTON, MA 161,826161.8k $28.0m $28.0m 0.45% Reduced -49.3k -49,327
27 Ameritas Advisory Services, LLC 1.07% of their portfolio Lincoln, NE 159,944159.9k $27.7m $27.7m 1.07% Reduced -36.0k -36,012
28 EVERGREEN CAPITAL MANAGEMENT LLC 0.55% of their portfolio Bellevue, WA 145,844145.8k $25.2m $25.2m 0.55% Added +3.0k +3,007
29 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 145,778145.8k $25.1m $25.1m 0.04% Reduced -149.4k -149,388
30 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 144,695144.7k $25.0m $25.0m 0.04% Added +5.1k +5,063
31 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 139,137139.1k $24.1m $24.1m 0.06% Added +9.9k +9,947
32 PRUDENTIAL PLC 0.18% of their portfolio LONDON, X0 134,900134.9k $23.3m $23.3m 0.18% New
33 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 134,018134.0k $23.2m $23.2m 0.03% Reduced -3.6k -3,646
34 TUDOR INVESTMENT CORP ET AL 0.12% of their portfolio STAMFORD, CT 124,481124.5k $21.5m $21.5m 0.12% Added +122.7k +122,701
35 Zuckerman Investment Group, LLC 1.90% of their portfolio CHICAGO, IL 117,204117.2k $20.3m $20.3m 1.90% Reduced -222 -222
36 ALLEN WEALTH MANAGEMENT, LLC 9.41% of their portfolio Boone, NC 108,606108.6k $18.8m $18.8m 9.41% Added +8.5k +8,474
37 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 104,294104.3k $18.0m $18.0m 0.01% Added +434 +434
38 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 98,32298.3k $17.0m $17.0m 0.02% Reduced -19.9k -19,927
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 94,31794.3k $16.5m $16.5m 0.00% Reduced -6.9k -6,924
40 TrueWealth Financial Partners 5.86% of their portfolio BELLEVUE, WA 84,98485.0k $14.7m $14.7m 5.86% New
41 SWAN Capital LLC 5.36% of their portfolio PENSACOLA, FL 84,30284.3k $14.6m $14.6m 5.36% Reduced -9.3k -9,306
42 Estate Counselors, LLC 1.28% of their portfolio Thiensville, WI 82,98983.0k $14.4m $14.4m 1.28% Reduced -30.4k -30,431
43 D.A. DAVIDSON & CO. 0.08% of their portfolio GREAT FALLS, MT 78,75778.8k $13.6m $13.6m 0.08% Reduced -1.1k -1,133
44 CMH Wealth Management LLC 2.32% of their portfolio PORTSMOUTH, NH 78,03878.0k $13.5m $13.5m 2.32% Reduced -17.7k -17,684
45 Grove Bank & Trust 1.50% of their portfolio Miami, FL 76,79076.8k $13.3m $13.3m 1.50% Added +40.5k +40,455
46 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 74,92874.9k $13.0m $13.0m 0.01% Added +4.7k +4,705
47 NewEdge Advisors, LLC 0.04% of their portfolio NEW ORLEANS, LA 68,93168.9k $11.9m $11.9m 0.04% Added +46.7k +46,680
48 BFSG, LLC 1.06% of their portfolio IRVINE, CA 64,71364.7k $11.2m $11.2m 1.06% Reduced -5.5k -5,525
49 Roundview Capital LLC 0.69% of their portfolio PRINCETON, NJ 63,99564.0k $11.1m $11.1m 0.69% Added +1.1k +1,058
50 Evelyn Partners Asset Management Ltd 2.71% of their portfolio London, X0 63,45463.5k $11.0m $11.0m 2.71% Added +2.6k +2,639
51 Sanctuary Advisors, LLC 0.06% of their portfolio INDIANAPOLIS, IN 61,66661.7k $10.7m $10.7m 0.06% Reduced -9.8k -9,830
52 FIFTH THIRD BANCORP 0.02% of their portfolio CINCINNATI, OH 60,70960.7k $10.5m $10.5m 0.02% Added +24.6k +24,623
53 Lido Advisors, LLC 0.04% of their portfolio Los Angeles, CA 59,57459.6k $10.3m $10.3m 0.04% Added +6.5k +6,473
54 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 59,49059.5k $10.3m $10.3m 0.02% Reduced -4.6k -4,551
55 Elgethun Capital Management 1.70% of their portfolio SIOUX FALLS, SD 59,36959.4k $10.3m $10.3m 1.70% Added +1.6k +1,562
56 WESCAP Management Group, Inc. 1.99% of their portfolio Glendale, CA 58,32958.3k $10.1m $10.1m 1.99% Added +55.8k +55,827
57 CWM, LLC 0.03% of their portfolio OMAHA, NE 56,57456.6k $9.8m $9.8m 0.03% Added +1.1k +1,100
58 Polianta Ltd 1.27% of their portfolio ST HELIER, Y9 55,20055.2k $9.6m $9.6m 1.27% New
59 Berkeley Capital Partners, LLC 2.16% of their portfolio Milton, GA 53,81753.8k $9.3m $9.3m 2.16% Added +52.0k +51,984
60 MONTAG A & ASSOCIATES INC 0.41% of their portfolio ATLANTA, GA 51,47351.5k $8.9m $8.9m 0.41% Added +27.2k +27,216
61 KCM INVESTMENT ADVISORS LLC 0.29% of their portfolio GREENBRAE, CA 49,76849.8k $8.6m $8.6m 0.29% Reduced -3.2k -3,228
62 Richmond Brothers, Inc. 5.67% of their portfolio JACKSON, MI 49,21249.2k $8.5m $8.5m 5.67% Reduced -2.7k -2,702
63 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 48,90148.9k $8.5m $8.5m 0.03% Reduced -325 -325
64 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 48,72748.7k $8.4m $8.4m 0.03% Added +8.2k +8,177
65 EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio Oklahoma City, OK 48,58448.6k $8.4m $8.4m 0.06% Reduced -545 -545
66 Foundations Investment Advisors, LLC 0.10% of their portfolio PHOENIX, AZ 48,49548.5k $8.4m $8.4m 0.10% Added +5.3k +5,253
67 MML INVESTORS SERVICES, LLC 0.02% of their portfolio SPRINGFIELD, MA 48,36048.4k $8.4m $8.4m 0.02% Reduced -3.4k -3,417
68 Gerald Baker Financial Group LLC 2.57% of their portfolio ARLINGTON, TX 46,95447.0k $8.1m $8.1m 2.57% First filing
69 CHOREO, LLC 0.10% of their portfolio ROCKFORD, IL 45,51245.5k $7.9m $7.9m 0.10% Added +237 +237
70 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 45,26545.3k $7.8m $7.8m 0.01% Added +8.9k +8,930
71 Independent Advisor Alliance 0.08% of their portfolio CHARLOTTE, NC 45,06045.1k $7.8m $7.8m 0.08% New
72 M Holdings Securities, Inc. 0.48% of their portfolio PORTLAND, OR 45,02845.0k $7.1m $7.1m 0.48% Added +7.0k +6,989
73 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 42,61042.6k $7.5m $7.5m 0.00% Added +10.4k +10,392
74 Guardian Wealth Management, LLC 2.14% of their portfolio CHATTANOOGA, TN 40,86040.9k $7.1m $7.1m 2.14% Reduced -4.3k -4,305
75 Atria Investments, Inc 0.08% of their portfolio Charlotte, NC 40,56640.6k $7.0m $7.0m 0.08% Reduced -5.3k -5,329
76 Strengthening Families & Communities, LLC 1.74% of their portfolio BOSTON, MA 40,29140.3k $7.0m $7.0m 1.74% Reduced -2.0k -2,032
77 Dunhill Financial, LLC 1.61% of their portfolio LONDON, X0 39,53639.5k $6.8m $6.8m 1.61% Added +39.3k +39,346
78 NKCFO LLC 1.96% of their portfolio GENEVA, IL 38,30038.3k $6.6m $6.6m 1.96% New
79 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 38,02238.0k $6.6m $6.6m 0.01% Reduced -5.0k -4,963
80 Concurrent Investment Advisors, LLC 0.07% of their portfolio Tampa, FL 37,68937.7k $6.5m $6.5m 0.07% Added +13.0k +12,997
81 Brookstone Capital Management 0.07% of their portfolio WHEATON, IL 37,65737.7k $6.5m $6.5m 0.07% Added +20.8k +20,795
82 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 37,11037.1k $6.4m $6.4m 0.03% Added +345 +345
83 Anchor Investment Management, LLC 0.54% of their portfolio COLUMBIA, SC 37,08237.1k $6.4m $6.4m 0.54% Added +744 +744
84 M&T Bank Corp 0.02% of their portfolio BUFFALO, NY 36,96837.0k $6.4m $6.4m 0.02% Reduced -8.1k -8,065
85 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 36,62736.6k $6.3m $6.3m 0.01% Added +822 +822
86 LRI Investments, LLC 0.55% of their portfolio PALM BEACH GARDENS, FL 35,91635.9k $6.2m $6.2m 0.55% Added +159 +159
87 Flatrock Wealth Partners LLC 2.77% of their portfolio NEWPORT BEACH, CA 35,64335.6k $6.2m $6.2m 2.77% Added +28 +28
88 Prospera Financial Services Inc 0.10% of their portfolio Dallas, TX 34,11334.1k $5.9m $5.9m 0.10% Added +941 +941
89 Mariner, LLC 0.01% of their portfolio Overland Park, KS 34,08334.1k $5.9m $5.9m 0.01% Added +10.0k +9,953
90 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 34,00734.0k $5.9m $5.9m 0.01% Added +14.1k +14,131
91 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 33,77433.8k $5.8m $5.8m 0.01% Added +3.3k +3,256
92 TWIN FOCUS CAPITAL PARTNERS, LLC 0.66% of their portfolio Boston, MA 33,21133.2k $5.7m $5.7m 0.66% Added +234 +234
93 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 33,11433.1k $5.1m $5.1m 0.01% Reduced -16.7k -16,716
94 HOLLENCREST CAPITAL MANAGEMENT 0.21% of their portfolio NEWPORT BEACH, CA 32,53132.5k $5.6m $5.6m 0.21% Added +112 +112
95 Stegent Equity Advisors, Inc. 4.78% of their portfolio HOUSTON, TX 32,40932.4k $5.6m $5.6m 4.78% New
96 GoalFusion Wealth Management, LLC 2.47% of their portfolio AUSTIN, TX 31,49531.5k $5.4m $5.4m 2.47% Reduced -5.3k -5,330
97 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 31,15031.1k $5.4m $5.4m 0.01% Added +1.3k +1,277
98 Parallel Advisors, LLC 0.09% of their portfolio SAN FRANCISCO, CA 30,32030.3k $5.2m $5.2m 0.09% Reduced -1.5k -1,496
99 Royal Fund Management, LLC 0.50% of their portfolio Lady Lake, FL 30,30430.3k $5.3m $5.3m 0.50% Added +1.6k +1,584
100 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.03% of their portfolio Stamford, CT 29,90729.9k $5.2m $5.2m 0.03% Added +14.3k +14,317