Vault-13

VANGUARD WORLD FD VHT

HEALTH CAR ETF · ETP · CUSIP 92204A504

1,020 institutional holders -41 vs Q1 2025
22,539,48922.5m shares reported held*
$5.6bnreported value*
47 new 307 added 405 reduced 86 sold out net bought ≈ $284.4m (+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 ($6.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $248.32. Options: 5 managers hold calls ($17.7m notional), 2 hold puts ($3.5m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 845Q4 22: 942Q1 23: 905Q2 23: 927Q3 23: 933Q4 23: 968Q1 24: 992Q2 24: 1,000Q3 24: 1,033Q4 24: 1,060Q1 25: 1,061Q2 25: 1,0201,020Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022845
Q4 2022942
Q1 2023905
Q2 2023927
Q3 2023933
Q4 2023968
Q1 2024992
Q2 20241,000
Q3 20241,033
Q4 20241,060
Q1 20251,061
Q2 20251,020

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q3 23: 359 bought or addedQ3 23: 371 cut or sold outQ4 23: 375 bought or addedQ4 23: 416 cut or sold outQ4 23Q1 24: 413 bought or addedQ1 24: 376 cut or sold outQ2 24: 337 bought or addedQ2 24: 404 cut or sold outQ2 24Q3 24: 385 bought or addedQ3 24: 403 cut or sold outQ4 24: 377 bought or addedQ4 24: 472 cut or sold outQ4 24Q1 25: 433 bought or addedQ1 25: 437 cut or sold outQ2 25: 354 bought or addedQ2 25: 491 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023359371
Q4 2023375416
Q1 2024413376
Q2 2024337404
Q3 2024385403
Q4 2024377472
Q1 2025433437
Q2 2025354491

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 24 calls: $43.6mQ3 24 puts: $2.1mQ3 24P/C 0.05Q4 24 calls: $24.6mQ4 24 puts: $2.8mQ4 24P/C 0.11Q1 25 calls: $13.9mQ1 25 puts: $4.4mQ1 25P/C 0.32Q2 25 calls: $17.7mQ2 25 puts: $3.5mQ2 25P/C 0.20
Numbers
QuarterCallsPutsP/C
Q3 2024$43.6m$2.1m0.05
Q4 2024$24.6m$2.8m0.11
Q1 2025$13.9m$4.4m0.32
Q2 2025$17.7m$3.5m0.20

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +448,964+449.0k
ROYAL BANK OF CANADA Added +371,044+371.0k
Beacon Capital Management, Inc. Added +339,847+339.8k
PGIM Custom Harvest LLC Added +317,681+317.7k
Rockefeller Capital Management L.P. Added +189,679+189.7k
Morningstar Investment Management LLC Added +115,252+115.3k
Cambridge Investment Research Advisors, Inc. Added +43,488+43.5k
Nicholas Investment Partners, LP New +38,050+38.0k
Polianta Ltd New +28,700+28.7k
AlphaCore Capital LLC Added +25,634+25.6k

Biggest sellers

GWN SECURITIES INC. Reduced -110,300-110.3k
AMERIPRISE FINANCIAL INC Reduced -75,542-75.5k
BNP PARIBAS FINANCIAL MARKETS Reduced -74,972-75.0k
UBS Group AG Reduced -70,405-70.4k
Lido Advisors, LLC Sold out -56,261-56.3k
Estate Counselors, LLC Sold out -49,110-49.1k
TUDOR INVESTMENT CORP ET AL Reduced -40,157-40.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -37,093-37.1k
Cerity Partners LLC Reduced -32,477-32.5k
ASSET PLANNING CORPORATION Sold out -30,375-30.4k

Biggest calls

SIMPLEX TRADING, LLC Added $8.0m33.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.1m20.7k shares
Cubist Systematic Strategies, LLC Added $2.5m9.9k shares
CITADEL ADVISORS LLC Reduced $2.1m8.4k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.5m9.9k shares
Cubist Systematic Strategies, LLC Reduced $1.1m4.3k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 1,919,0861.9m $476.6m $476.6m 0.04% Added +449.0k +448,964
2 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 1,463,5031.5m $363.4m $363.4m 0.02% Reduced -20.7k -20,725
3 PGIM Custom Harvest LLC 6.89% of their portfolio NEWARK, NJ 1,346,1081.3m $334.3m $334.3m 6.89% Added +317.7k +317,681
4 UBS Group AG 0.06% of their portfolio ZURICH, V8 1,200,1471.2m $298.0m $298.0m 0.06% Reduced -70.4k -70,405
5 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 988,348988.3k $245.4m $245.4m 0.02% Added +371.0k +371,044
6 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 913,953914.0k $227.0m $227.0m 0.05% Reduced -29.5k -29,488
7 Harel Insurance Investments & Financial Services Ltd. 2.16% of their portfolio Ramat Gan, L3 759,085759.1k $188.5m $188.5m 2.16% Unchanged
8 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 751,701751.7k $186.7m $186.7m 0.06% Reduced -7.2k -7,204
9 EVERETT HARRIS & CO /CA/ 2.35% of their portfolio LOS ANGELES, CA 738,001738.0k $183.3m $183.3m 2.35% Reduced -6.0k -5,998
10 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 418,990419.0k $104.1m $104.1m 0.04% Reduced -28.3k -28,286
11 Morningstar Investment Management LLC 8.83% of their portfolio CHICAGO, IL 405,130405.1k $100.6m $100.6m 8.83% Added +115.3k +115,252
12 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 392,361392.4k $97.4m $97.4m 0.03% Reduced -7.8k -7,806
13 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 381,747381.7k $94.7m $94.7m 0.02% Reduced -75.5k -75,542
14 Beacon Capital Management, Inc. 4.61% of their portfolio DAYTON, OH 360,307360.3k $89.5m $89.5m 4.61% Added +339.8k +339,847
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 354,797354.8k $88.1m $88.1m 0.06% Reduced -13.2k -13,246
16 Cetera Investment Advisers 0.13% of their portfolio SCHAUMBURG, IL 301,549301.5k $74.9m $74.9m 0.13% Reduced -6.4k -6,356
17 Rockefeller Capital Management L.P. 0.08% of their portfolio NEW YORK, NY 286,092286.1k $71.0m $71.0m 0.08% Added +189.7k +189,679
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 250,874250.9k $62.3m $62.3m 0.00% Added +5.7k +5,707
19 Janney Montgomery Scott LLC 0.16% of their portfolio PHILADELPHIA, PA 248,775248.8k $61.8m $61.8m 0.16% Reduced -13.8k -13,773
20 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 231,660231.7k $57.5m $57.5m 0.08% Reduced -37.1k -37,093
21 STIFEL FINANCIAL CORP 0.05% of their portfolio ST. LOUIS, MO 215,073215.1k $53.4m $53.4m 0.05% Added +4.5k +4,497
22 INVICTUS PRIVATE WEALTH, LLC 2.95% of their portfolio Denver, CO 173,528173.5k $43.1m $43.1m 2.95% Added +9.3k +9,270
23 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 173,317173.3k $43.0m $43.0m 0.13% Added +43.5k +43,488
24 MAI Capital Management 0.28% of their portfolio INDEPENDENCE, OH 164,457164.5k $40.8m $40.8m 0.28% Reduced -3.6k -3,606
25 PNC Financial Services Group, Inc. 0.03% of their portfolio Pittsburgh, PA 162,888162.9k $40.5m $40.5m 0.03% Reduced -7.2k -7,156
26 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 160,892160.9k $40.0m $40.0m 0.07% Added +8.5k +8,494
27 Allied Investment Advisors, LLC 6.73% of their portfolio BILLINGS, MT 154,915154.9k $38.5m $38.5m 6.73% Added +8.4k +8,386
28 ARMSTRONG ADVISORY GROUP, INC 2.41% of their portfolio NEEDHAM, MA 128,136128.1k $31.8m $31.8m 2.41% Reduced -4.6k -4,575
29 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 119,708119.7k $29.7m $29.7m 0.09% Reduced -890 -890
30 CW Advisors, LLC 0.29% of their portfolio BOSTON, MA 119,011119.0k $29.6m $29.6m 0.29% Added +8.1k +8,144
31 AGF MANAGEMENT LTD 0.13% of their portfolio TORONTO, A6 116,919116.9k $29.0m $29.0m 0.13% Reduced -3.4k -3,368
32 M&T Bank Corp 0.10% of their portfolio BUFFALO, NY 111,714111.7k $27.7m $27.7m 0.10% Reduced -13.3k -13,328
33 KCM INVESTMENT ADVISORS LLC 0.88% of their portfolio GREENBRAE, CA 105,448105.4k $26.2m $26.2m 0.88% Reduced -3.1k -3,058
34 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 99,26999.3k $24.7m $24.7m 0.04% Added +21.7k +21,664
35 PEAPACK GLADSTONE FINANCIAL CORP 0.34% of their portfolio BEDMINSTER, NJ 96,19396.2k $23.9m $23.9m 0.34% Added +969 +969
36 FIRST MANHATTAN CO. LLC. 0.06% of their portfolio NEW YORK, NY 92,01992.0k $22.9m $22.9m 0.06% Reduced -38 -38
37 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 89,34089.3k $22.2m $22.2m 0.05% Reduced -437 -437
38 Capital Advantage, Inc. 3.40% of their portfolio Walnut Creek, CA 86,54886.5k $21.5m $21.5m 3.40% Reduced -1.8k -1,772
39 Cerity Partners LLC 0.04% of their portfolio NEW YORK, NY 85,52085.5k $21.2m $21.2m 0.04% Reduced -32.5k -32,477
40 Mariner, LLC 0.03% of their portfolio Overland Park, KS 76,99777.0k $19.1m $19.1m 0.03% Added +1.2k +1,172
41 Creative Planning 0.02% of their portfolio OVERLAND PARK, KS 76,87876.9k $19.1m $19.1m 0.02% Added +3.0k +2,982
42 Stratos Wealth Partners, LTD. 0.25% of their portfolio BEACHWOOD, OH 74,03774.0k $18.4m $18.4m 0.25% Reduced -2.5k -2,488
43 Wheelhouse Advisory Group LLC 8.86% of their portfolio ST. LOUIS, MO 72,39372.4k $18.0m $18.0m 8.86% Added +5.6k +5,631
44 AVANTAX ADVISORY SERVICES, INC. 0.10% of their portfolio DALLAS, TX 70,99771.0k $17.6m $17.6m 0.10% Reduced -379 -379
45 Marotta Asset Management 3.33% of their portfolio CHARLOTTESVILLE, VA 66,95967.0k $16.6m $16.6m 3.33% Added +1.2k +1,156
46 Focus Partners Wealth 0.04% of their portfolio ST LOUIS, MO 65,62265.6k $16.3m $16.3m 0.04% Reduced -6.0k -5,955
47 WBH ADVISORY INC 1.38% of their portfolio BALTIMORE, MD 65,15065.2k $16.2m $16.2m 1.38% Reduced -4.9k -4,889
48 Main Management LLC 1.25% of their portfolio SAN FRANCISCO, CA 64,20864.2k $15.9m $15.9m 1.25% Reduced -2.2k -2,155
49 Full Sail Capital, LLC 0.91% of their portfolio OKLAHOMA CITY, OK 63,49063.5k $15.8m $15.8m 0.91% Added +5.6k +5,596
50 CHAI TRUST CO LLC 0.96% of their portfolio CHICAGO, IL 63,24663.2k $15.7m $15.7m 0.96% Added +213 +213
51 TRUST CO OF VERMONT 0.72% of their portfolio BRATTLEBORO, VT 61,52661.5k $15.3m $15.3m 0.72% Added +19.4k +19,381
52 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 59,83259.8k $15.0m $15.0m 0.02% Added +1.6k +1,586
53 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 59,47759.5k $14.8m $14.8m 0.02% Reduced -18.2k -18,238
54 ALTFEST L J & CO INC 1.72% of their portfolio NEW YORK, NY 58,81258.8k $14.6m $14.6m 1.72% Added +3.5k +3,517
55 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 57,80557.8k $14.4m $14.4m 0.00% Added +13.4k +13,411
56 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 55,41455.4k $13.7m $13.7m 0.01% Added +19.1k +19,140
57 Lakeshore Financial Planning, Inc. 5.36% of their portfolio St. Clair Shores, MI 53,66653.7k $13.3m $13.3m 5.36% Added +2.2k +2,176
58 Cedar Mountain Advisors, LLC 2.56% of their portfolio LAKE OSWEGO, OR 49,51849.5k $12.3m $12.3m 2.56% Added +960 +960
59 PRINCIPAL SECURITIES, INC. 0.22% of their portfolio DES MOINES, IA 48,09248.1k $11.9m $11.9m 0.22% Added +8.5k +8,520
60 Integrated Wealth Concepts LLC 0.12% of their portfolio WALTHAM, MA 46,84646.8k $11.6m $11.6m 0.12% Reduced -2.7k -2,741
61 Bordeaux Wealth Advisors LLC 1.46% of their portfolio MENLO PARK, CA 45,82345.8k $11.4m $11.4m 1.46% Reduced -151 -151
62 Baird Financial Group, Inc. 0.02% of their portfolio MILWAUKEE, WI 45,32945.3k $11.3m $11.3m 0.02% Reduced -412 -412
63 Exchange Capital Management, Inc. 1.63% of their portfolio Ann Arbor, MI 44,06944.1k $10.9m $10.9m 1.63% Added +3.7k +3,718
64 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 43,65143.7k $10.8m $10.8m 0.01% Reduced -1.4k -1,449
65 Private Advisor Group, LLC 0.06% of their portfolio MORRISTOWN, NJ 43,34343.3k $10.8m $10.8m 0.06% Reduced -1.1k -1,099
66 JOHNSON INVESTMENT COUNSEL INC 0.09% of their portfolio Cincinnati, OH 42,23542.2k $10.5m $10.5m 0.09% Added +18.1k +18,118
67 MassMutual Private Wealth & Trust, FSB 0.28% of their portfolio Windsor, CT 41,94341.9k $10.4m $10.4m 0.28% Added +1.4k +1,376
68 FMR LLC 0.00% of their portfolio BOSTON, MA 41,51341.5k $10.3m $10.3m 0.00% Reduced -247 -247
69 Adaptive Financial Consulting, LLC 4.15% of their portfolio BEACHWOOD, OH 39,97740.0k $9.9m $9.9m 4.15% Added +161 +161
70 Waverly Advisors, LLC 0.10% of their portfolio BIRMINGHAM, AL 38,07238.1k $9.5m $9.5m 0.10% Added +25.1k +25,120
71 Nicholas Investment Partners, LP 0.84% of their portfolio RANCHO SANTA FE, CA 38,05038.0k $9.4m $9.4m 0.84% New
72 New England Private Wealth Advisors LLC 1.38% of their portfolio WELLESLEY, MA 38,03138.0k $9.4m $9.4m 1.38% Reduced -1.3k -1,278
73 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 37,96438.0k $9.4m $9.4m 0.05% Added +2.8k +2,843
74 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 37,92337.9k $9.4m $9.4m 0.01% Added +17.8k +17,763
75 TITLEIST ASSET MANAGEMENT, LLC 0.93% of their portfolio SAN ANTONIO, TX 37,51137.5k $9.3m $9.3m 0.93% Added +81 +81
76 Ballast, Inc. 2.44% of their portfolio Lexington, KY 37,50337.5k $9.3m $9.3m 2.44% Added +4.4k +4,382
77 Atlas Legacy Advisors, LLC 2.02% of their portfolio LOS ANGELES, CA 36,82836.8k $9.1m $9.1m 2.02% Reduced -478 -478
78 Dakota Wealth Management 0.19% of their portfolio PALM BEACH GARDENS, FL 36,03936.0k $8.9m $8.9m 0.19% Reduced -14.6k -14,628
79 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 34,96435.0k $8.7m $8.7m 0.01% Added +10.5k +10,495
80 Federation des caisses Desjardins du Quebec 0.04% of their portfolio LEVIS, A8 33,29833.3k $8.3m $8.3m 0.04% Added +232 +232
81 LM Advisors LLC 1.06% of their portfolio SAN DIEGO, CA 33,05933.1k $8.2m $8.2m 1.06% Reduced -12 -12
82 Consolidated Portfolio Review Corp 1.11% of their portfolio WOODBURY, NY 32,23432.2k $8.0m $8.0m 1.11% Reduced -1.7k -1,695
83 SP Asset Management LLC 0.64% of their portfolio CUPERTINO, CA 31,39931.4k $7.8m $7.8m 0.64% Added +3.9k +3,900
84 TRUST CO OF OKLAHOMA 2.38% of their portfolio TULSA, OK 30,08030.1k $7.5m $7.5m 2.38% Added +868 +868
85 AMI INVESTMENT MANAGEMENT INC 1.91% of their portfolio KENDALLVILLE, IN 29,76329.8k $7.4m $7.4m 1.91% Reduced -225 -225
86 Tower Research Capital LLC (TRC) 0.20% of their portfolio NEW YORK, NY 29,66129.7k $7.4m $7.4m 0.20% Added +17.7k +17,717
87 Summit Financial, LLC 0.17% of their portfolio PARSIPPANY, NJ 29,51329.5k $7.3m $7.3m 0.17% Added +202 +202
88 PARAGON FINANCIAL PARTNERS, INC. 5.00% of their portfolio WOODLAND HILLS, CA 29,47729.5k $7.3m $7.3m 5.00% Added +759 +759
89 FINANCIAL MANAGEMENT NETWORK INC 1.31% of their portfolio MISSION VIEJO, CA 29,30929.3k $7.3m $7.3m 1.31% Reduced -65 -65
90 Polianta Ltd 3.07% of their portfolio ST HELIER, Y9 28,70028.7k $7.1m $7.1m 3.07% New
91 Royal Fund Management, LLC 0.74% of their portfolio Lady Lake, FL 27,97628.0k $7.0m $7.0m 0.74% Added +400 +400
92 White Lighthouse Investment Management Inc. 1.12% of their portfolio BEDFORD, MA 27,82627.8k $6.9m $6.9m 1.12% Reduced -4 -4
93 BAILARD, INC. 0.16% of their portfolio Foster City, CA 27,75827.8k $6.9m $6.9m 0.16% Added +2.2k +2,157
94 Bleakley Financial Group, LLC 0.17% of their portfolio PARSIPPANY, NJ 27,19927.2k $6.8m $6.8m 0.17% Reduced -619 -619
95 CVA Family Office, LLC 0.95% of their portfolio DENVER, CO 27,18027.2k $6.7m $6.7m 0.95% Added +5 +5
96 Safeguard Investment Advisory Group, LLC 1.67% of their portfolio Corona, CA 26,90126.9k $6.7m $6.7m 1.67% Reduced -101 -101
97 Sharper & Granite LLC 2.54% of their portfolio EL SEGUNDO, CA 26,79226.8k $6.7m $6.7m 2.54% Reduced -2.1k -2,148
98 Ameritas Advisory Services, LLC 0.35% of their portfolio Lincoln, NE 26,67726.7k $6.6m $6.6m 0.35% Reduced -4.5k -4,517
99 AlphaCore Capital LLC 0.25% of their portfolio LA JOLLA, CA 26,50526.5k $6.6m $6.6m 0.25% Added +25.6k +25,634
100 J.W. COLE ADVISORS, INC. 0.14% of their portfolio TAMPA, FL 26,35826.4k $6.5m $6.5m 0.14% Added +2.5k +2,471