Vault-13

VANGUARD WORLD FD VFH

FINANCIALS ETF · ETP · CUSIP 92204A405

708 institutional holders +2 vs Q1 2025
53,249,57453.2m shares reported held*
$6.8bnreported value*
61 new 226 added 233 reduced 54 sold out net bought ≈ $75.8m (+595.0k 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 ($6.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $127.30. Options: 6 managers hold calls ($10.2m notional), 1 hold puts ($496.5k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 547Q4 22: 581Q1 23: 531Q2 23: 534Q3 23: 550Q4 23: 594Q1 24: 625Q2 24: 620Q3 24: 634Q4 24: 708Q1 25: 706Q2 25: 708708Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022547
Q4 2022581
Q1 2023531
Q2 2023534
Q3 2023550
Q4 2023594
Q1 2024625
Q2 2024620
Q3 2024634
Q4 2024708
Q1 2025706
Q2 2025708

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 228 bought or addedQ3 23: 219 cut or sold outQ4 23: 206 bought or addedQ4 23: 258 cut or sold outQ4 23Q1 24: 271 bought or addedQ1 24: 252 cut or sold outQ2 24: 206 bought or addedQ2 24: 265 cut or sold outQ2 24Q3 24: 252 bought or addedQ3 24: 246 cut or sold outQ4 24: 322 bought or addedQ4 24: 221 cut or sold outQ4 24Q1 25: 319 bought or addedQ1 25: 256 cut or sold outQ2 25: 287 bought or addedQ2 25: 287 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023228219
Q4 2023206258
Q1 2024271252
Q2 2024206265
Q3 2024252246
Q4 2024322221
Q1 2025319256
Q2 2025287287

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 24 calls: $4.7mQ3 24 puts: $1.1mQ3 24P/C 0.24Q4 24 calls: $5.7mQ4 24 puts: $543.1kQ4 24P/C 0.10Q1 25 calls: $10.4mQ1 25 puts: $5.2mQ1 25P/C 0.50Q2 25 calls: $10.2mQ2 25 puts: $496.5kQ2 25P/C 0.05
Numbers
QuarterCallsPutsP/C
Q3 2024$4.7m$1.1m0.24
Q4 2024$5.7m$543.1k0.10
Q1 2025$10.4m$5.2m0.50
Q2 2025$10.2m$496.5k0.05

Biggest buyers

Corient Private Wealth LP Added +755,665+755.7k
Beacon Capital Management, Inc. Added +673,259+673.3k
ROYAL BANK OF CANADA Added +410,184+410.2k
TWO SIGMA INVESTMENTS, LP New +346,000+346.0k
Rockefeller Capital Management L.P. Added +247,621+247.6k
PGIM Custom Harvest LLC Added +160,299+160.3k
Thrivent Financial for Lutherans New +106,001+106.0k
LPL Financial LLC Added +84,913+84.9k
CALTON & ASSOCIATES, INC. New +76,976+77.0k
THEORY FINANCIAL LLC Added +67,123+67.1k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -314,622-314.6k
BNP PARIBAS FINANCIAL MARKETS Reduced -302,369-302.4k
Allianz SE Reduced -230,319-230.3k
MORGAN STANLEY Reduced -223,001-223.0k
SOROS FUND MANAGEMENT LLC Sold out -174,588-174.6k
Cetera Investment Advisers Reduced -125,185-125.2k
Estate Counselors, LLC Reduced -111,960-112.0k
UBS Group AG Reduced -103,341-103.3k
GWN SECURITIES INC. Reduced -101,222-101.2k
EWG Elevate Inc. Sold out -89,298-89.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.5m66.6k shares
CITADEL ADVISORS LLC Reduced $1.1m8.6k shares
WOLVERINE TRADING, LLC New $378.4k3.0k shares
JANE STREET GROUP, LLC New $216.4k1.7k shares
GROUP ONE TRADING LLC Unchanged $76.4k600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $496.5k3.9k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.24% of their portfolio CHARLOTTE, NC 22,910,81122.9m $2.9bn $2.9bn 0.24% Reduced -82.0k -81,976
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 3,402,5283.4m $433.1m $433.1m 0.03% Reduced -223.0k -223,001
3 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,803,2711.8m $229.6m $229.6m 0.05% Reduced -103.3k -103,341
4 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 1,685,1501.7m $214.5m $214.5m 0.05% Added +23.8k +23,790
5 PGIM Custom Harvest LLC 3.61% of their portfolio NEWARK, NJ 1,376,2761.4m $175.2m $175.2m 3.61% Added +160.3k +160,299
6 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 1,080,4871.1m $137.5m $137.5m 0.05% Added +2.8k +2,837
7 Beacon Capital Management, Inc. 6.65% of their portfolio DAYTON, OH 1,014,0501.0m $129.1m $129.1m 6.65% Added +673.3k +673,259
8 FMR LLC 0.01% of their portfolio BOSTON, MA 1,000,1981.0m $127.3m $127.3m 0.01% Reduced -35.8k -35,829
9 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 926,636926.6k $118.0m $118.0m 0.01% Added +410.2k +410,184
10 Corient Private Wealth LP 0.15% of their portfolio MIAMI, FL 880,189880.2k $112.0m $112.0m 0.15% Added +755.7k +755,665
11 LPL Financial LLC 0.04% of their portfolio FORT MILL, SC 870,845870.8k $110.9m $110.9m 0.04% Added +84.9k +84,913
12 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 818,817818.8k $104.2m $104.2m 0.03% Reduced -44.7k -44,669
13 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 723,843723.8k $92.1m $92.1m 0.03% Reduced -314.6k -314,622
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 537,866537.9k $68.5m $68.5m 0.00% Reduced -1.2k -1,244
15 STIFEL FINANCIAL CORP 0.06% of their portfolio ST. LOUIS, MO 468,455468.5k $59.6m $59.6m 0.06% Reduced -4.7k -4,718
16 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 462,676462.7k $58.9m $58.9m 0.07% Added +247.6k +247,621
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 422,344422.3k $53.8m $53.8m 0.04% Added +3.3k +3,347
18 TWO SIGMA INVESTMENTS, LP 0.08% of their portfolio NEW YORK, NY 346,000346.0k $44.0m $44.0m 0.08% New
19 KCM INVESTMENT ADVISORS LLC 1.47% of their portfolio GREENBRAE, CA 343,860343.9k $43.8m $43.8m 1.47% Reduced -4.3k -4,297
20 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 343,414343.4k $43.7m $43.7m 0.07% Reduced -125.2k -125,185
21 M&T Bank Corp 0.13% of their portfolio BUFFALO, NY 307,655307.7k $39.2m $39.2m 0.13% Reduced -46.2k -46,246
22 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 296,678296.7k $37.7m $37.7m 0.07% Added +27.6k +27,589
23 THEORY FINANCIAL LLC 11.59% of their portfolio FORT COLLINS, CO 239,151239.2k $30.6m $30.6m 11.59% Added +67.1k +67,123
24 PNC Financial Services Group, Inc. 0.02% of their portfolio Pittsburgh, PA 231,410231.4k $29.5m $29.5m 0.02% Reduced -7.9k -7,857
25 SYNOVUS FINANCIAL CORP 0.34% of their portfolio Columbus, GA 215,975216.0k $27.5m $27.5m 0.34% Reduced -1.2k -1,222
26 TIFF ADVISORY SERVICES, LLC 6.44% of their portfolio RADNOR, PA 213,451213.5k $27.2m $27.2m 6.44% Unchanged
27 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 201,001201.0k $25.6m $25.6m 0.03% Added +27.8k +27,820
28 TD Waterhouse Canada Inc. 0.17% of their portfolio TORONTO, A6 182,957183.0k $23.4m $23.4m 0.17% Reduced -15.0k -15,043
29 Lido Advisors, LLC 0.12% of their portfolio Los Angeles, CA 174,274174.3k $22.2m $22.2m 0.12% Added +750 +750
30 MML INVESTORS SERVICES, LLC 0.06% of their portfolio SPRINGFIELD, MA 158,002158.0k $20.1m $20.1m 0.06% Reduced -10.5k -10,473
31 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 149,141149.1k $19.0m $19.0m 0.04% Reduced -3.0k -3,008
32 Cedar Mountain Advisors, LLC 3.90% of their portfolio LAKE OSWEGO, OR 147,534147.5k $18.8m $18.8m 3.90% Added +1.3k +1,323
33 Full Sail Capital, LLC 1.08% of their portfolio OKLAHOMA CITY, OK 147,311147.3k $18.8m $18.8m 1.08% Added +2.2k +2,237
34 EDMOND DE ROTHSCHILD HOLDING S.A. 0.28% of their portfolio CHAMBESY, V8 139,712139.7k $17.8m $17.8m 0.28% Unchanged
35 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 138,670138.7k $17.7m $17.7m 0.05% Added +4.2k +4,156
36 TRUST CO OF OKLAHOMA 5.56% of their portfolio TULSA, OK 137,191137.2k $17.5m $17.5m 5.56% Reduced -753 -753
37 CMH Wealth Management LLC 3.97% of their portfolio PORTSMOUTH, NH 133,988134.0k $17.1m $17.1m 3.97% Reduced -1.4k -1,368
38 Ayalon Insurance Comp Ltd. 4.71% of their portfolio Ramat Gan, L3 128,081128.1k $16.3m $16.3m 4.71% Unchanged
39 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 126,724126.7k $16.1m $16.1m 0.02% Added +5.6k +5,633
40 Mariner, LLC 0.02% of their portfolio Overland Park, KS 116,799116.8k $14.9m $14.9m 0.02% Added +9.7k +9,690
41 Sanctuary Advisors, LLC 0.09% of their portfolio INDIANAPOLIS, IN 114,706114.7k $14.6m $14.6m 0.09% Added +5.5k +5,490
42 TRUIST FINANCIAL CORP 0.02% of their portfolio CHARLOTTE, NC 114,044114.0k $14.5m $14.5m 0.02% Reduced -19.8k -19,841
43 WBH ADVISORY INC 1.24% of their portfolio BALTIMORE, MD 114,037114.0k $14.5m $14.5m 1.24% Reduced -1.9k -1,928
44 MassMutual Private Wealth & Trust, FSB 0.38% of their portfolio Windsor, CT 112,498112.5k $14.3m $14.3m 0.38% Added +3.6k +3,578
45 SEARCY FINANCIAL SERVICES INC /ADV 5.72% of their portfolio OVERLAND PARK, KS 110,480110.5k $14.1m $14.1m 5.72% Added +609 +609
46 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 106,001106.0k $13.5m $13.5m 0.03% New
47 Winthrop Capital Management, LLC 3.38% of their portfolio Carmel, IN 104,994105.0k $13.4m $13.4m 3.38% Added +5.0k +5,032
48 Bordeaux Wealth Advisors LLC 1.71% of their portfolio MENLO PARK, CA 104,677104.7k $13.3m $13.3m 1.71% Reduced -352 -352
49 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 103,650103.7k $13.4m $13.4m 0.02% Added +129 +129
50 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 103,408103.4k $13.2m $13.2m 0.00% Added +14.3k +14,294
51 AVANTAX ADVISORY SERVICES, INC. 0.07% of their portfolio DALLAS, TX 102,976103.0k $13.1m $13.1m 0.07% Reduced -41.8k -41,752
52 Exchange Capital Management, Inc. 1.90% of their portfolio Ann Arbor, MI 100,023100.0k $12.7m $12.7m 1.90% Reduced -63 -63
53 Allen Investment Management, LLC 0.13% of their portfolio NEW YORK, NY 95,86195.9k $12.2m $12.2m 0.13% Unchanged
54 Marmo Financial Group, LLC 6.00% of their portfolio Johnson City, TN 94,55394.6k $12.0m $12.0m 6.00% Added +1.5k +1,514
55 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 92,96093.0k $11.8m $11.8m 0.04% Reduced -2.8k -2,815
56 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 91,44791.4k $11.6m $11.6m 0.04% Reduced -9.4k -9,409
57 BARINGS LLC 0.26% of their portfolio CHARLOTTE, NC 88,97489.0k $11.3m $11.3m 0.26% Reduced -88.6k -88,572
58 Cresset Asset Management, LLC 0.05% of their portfolio Chicago, IL 85,09485.1k $10.8m $10.8m 0.05% Reduced -12.1k -12,127
59 Northeast Financial Consultants Inc 0.42% of their portfolio WESTPORT, CT 80,76180.8k $10.3m $10.3m 0.42% Unchanged
60 ATLAS CAPITAL ADVISORS INC. 1.21% of their portfolio JACKSON, WY 77,51377.5k $9.9m $9.9m 1.21% Reduced -2.7k -2,690
61 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 77,41877.4k $9.9m $9.9m 0.01% Reduced -1.5k -1,462
62 CHAI TRUST CO LLC 0.60% of their portfolio CHICAGO, IL 77,16377.2k $9.8m $9.8m 0.60% Added +324 +324
63 CALTON & ASSOCIATES, INC. 1.69% of their portfolio Tampa, FL 76,97677.0k $9.8m $9.8m 1.69% New
64 ASSETMARK, INC 0.02% of their portfolio CONCORD, CA 76,06376.1k $9.7m $9.7m 0.02% Added +52.3k +52,254
65 Wheelhouse Advisory Group LLC 4.53% of their portfolio ST. LOUIS, MO 72,12772.1k $9.2m $9.2m 4.53% Added +2.1k +2,134
66 Hamilton Wealth, LLC 2.05% of their portfolio LOS ANGELES, CA 71,93971.9k $9.2m $9.2m 2.05% Reduced -82.3k -82,278
67 Atria Wealth Solutions, Inc. 0.20% of their portfolio NEW YORK, NY 70,76070.8k $9.1m $9.1m 0.20% Reduced -23.5k -23,534
68 Cavalier Investments, LLC 2.59% of their portfolio ALPHARETTA, GA 67,25467.3k $8.6m $8.6m 2.59% Reduced -1.4k -1,357
69 AlphaCore Capital LLC 0.33% of their portfolio LA JOLLA, CA 66,79366.8k $8.5m $8.5m 0.33% Added +65.5k +65,452
70 Private Advisor Group, LLC 0.04% of their portfolio MORRISTOWN, NJ 64,57464.6k $8.2m $8.2m 0.04% Added +22.3k +22,269
71 AE Wealth Management LLC 0.06% of their portfolio TOPEKA, KS 64,09364.1k $8.2m $8.2m 0.06% Added +4.5k +4,484
72 Summit Financial, LLC 0.18% of their portfolio PARSIPPANY, NJ 61,36761.4k $7.8m $7.8m 0.18% Added +4.1k +4,087
73 HANCOCK WHITNEY CORP 0.15% of their portfolio GULFPORT, MS 61,33961.3k $7.8m $7.8m 0.15% New
74 LCM Capital Management Inc 4.05% of their portfolio CHICAGO, IL 61,15961.2k $7.8m $7.8m 4.05% Added +273 +273
75 WFA Asset Management Corp 3.40% of their portfolio WHITEFISH BAY, WI 60,20860.2k $6.0m $6.0m 3.40% Reduced -17.6k -17,616
76 FOUNDERS GROVE WEALTH PARTNERS, LLC 1.89% of their portfolio RICHMOND, VA 59,26559.3k $7.5m $7.5m 1.89% Added +270 +270
77 Robertson Stephens Wealth Management, LLC 0.26% of their portfolio San Francisco, CA 58,83658.8k $7.5m $7.5m 0.26% Reduced -886 -886
78 Richmond Brothers, Inc. 4.81% of their portfolio JACKSON, MI 57,71457.7k $7.3m $7.3m 4.81% Reduced -10.8k -10,820
79 Curran Financial Partners, LLC 1.52% of their portfolio DANIEL ISLAND, SC 54,12154.1k $6.9m $6.9m 1.52% New
80 Federation des caisses Desjardins du Quebec 0.03% of their portfolio LEVIS, A8 53,29353.3k $6.8m $6.8m 0.03% Added +25.8k +25,757
81 GAMCO INVESTORS, INC. ET AL 0.07% of their portfolio GREENWICH, CT 53,18153.2k $6.8m $6.8m 0.07% New
82 Madison Asset Management, LLC 0.07% of their portfolio MADISON, WI 52,62552.6k $6.7m $6.7m 0.07% Added +879 +879
83 Financial Freedom, LLC 3.59% of their portfolio CINCINNATI, OH 52,37352.4k $6.7m $6.7m 3.59% Reduced -1.4k -1,384
84 Estate Counselors, LLC 0.64% of their portfolio Thiensville, WI 50,98051.0k $6.5m $6.5m 0.64% Reduced -112.0k -111,960
85 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 50,79950.8k $6.4m $6.4m 0.00% Added +13.7k +13,711
86 Envestnet Portfolio Solutions, Inc. 0.02% of their portfolio BERWYN, PA 50,31450.3k $6.4m $6.4m 0.02% Reduced -24.7k -24,729
87 Gibraltar Capital Management, Inc. 1.25% of their portfolio TULSA, OK 50,19050.2k $6.4m $6.4m 1.25% Unchanged
88 NATIXIS ADVISORS, LLC 0.01% of their portfolio Boston, MA 48,45848.5k $6.2m $6.2m 0.01% Added +452 +452
89 Integrated Wealth Concepts LLC 0.06% of their portfolio WALTHAM, MA 47,99448.0k $6.1m $6.1m 0.06% Added +214 +214
90 SOL Capital Management CO 0.59% of their portfolio ROCKVILLE, MD 47,41547.4k $6.0m $6.0m 0.59% Reduced -395 -395
91 Frank, Rimerman Advisors LLC 0.40% of their portfolio Palo Alto, CA 47,07447.1k $6.0m $6.0m 0.40% Added +1.5k +1,507
92 Wall Street Financial Group, Inc. 5.36% of their portfolio CARLINVILLE, IL 46,63246.6k $5.9m $5.9m 5.36% Reduced -23.3k -23,334
93 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 46,05946.1k $5.9m $5.9m 0.01% Reduced -11.5k -11,529
94 COMERICA BANK 0.02% of their portfolio DALLAS, TX 45,77945.8k $5.8m $5.8m 0.02% Reduced -355 -355
95 Merit Financial Group, LLC 0.06% of their portfolio ALPHARETTA, GA 45,39545.4k $5.8m $5.8m 0.06% Added +786 +786
96 BTG Pactual Asset Management US LLC 0.75% of their portfolio NEW YORK, NY 44,04644.0k $5.6m $5.6m 0.75% Added +491 +491
97 JOHNSON INVESTMENT COUNSEL INC 0.05% of their portfolio Cincinnati, OH 43,56043.6k $5.5m $5.5m 0.05% Added +801 +801
98 PENOBSCOT WEALTH MANAGEMENT 1.96% of their portfolio PORTLAND, ME 43,10343.1k $5.5m $5.5m 1.96% Added +4.6k +4,574
99 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.08% of their portfolio CINCINNATI, OH 42,78842.8k $5.4m $5.4m 0.08% Added +2 +2
100 Kingsview Wealth Management, LLC 0.09% of their portfolio GRANTS PASS, OR 42,71142.7k $5.4m $5.4m 0.09% Added +40.0k +39,993