Vault-13

VANGUARD WORLD FD VPU

UTILITIES ETF · ETP · CUSIP 92204A876

664 institutional holders +41 vs Q3 2025
13,390,89013.4m shares reported held*
$2.5bnreported value*
46 new 253 added 170 reduced 28 sold out net bought ≈ $141.6m (+767.6k 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 ($10.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $184.77. Options: 4 managers hold calls ($12.9m notional), 2 hold puts ($721.7k).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 467Q4 22: 498Q1 23: 489Q2 23: 491Q3 23: 484Q4 23: 500Q1 24: 493Q2 24: 517Q3 24: 554Q4 24: 596Q1 25: 606Q2 25: 620Q3 25: 623Q4 25: 664664Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022467
Q4 2022498
Q1 2023489
Q2 2023491
Q3 2023484
Q4 2023500
Q1 2024493
Q2 2024517
Q3 2024554
Q4 2024596
Q1 2025606
Q2 2025620
Q3 2025623
Q4 2025664

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q1 24: 230 bought or addedQ1 24: 201 cut or sold outQ2 24: 197 bought or addedQ2 24: 202 cut or sold outQ2 24Q3 24: 261 bought or addedQ3 24: 190 cut or sold outQ4 24: 280 bought or addedQ4 24: 187 cut or sold outQ4 24Q1 25: 281 bought or addedQ1 25: 218 cut or sold outQ2 25: 282 bought or addedQ2 25: 212 cut or sold outQ2 25Q3 25: 277 bought or addedQ3 25: 217 cut or sold outQ4 25: 299 bought or addedQ4 25: 198 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024230201
Q2 2024197202
Q3 2024261190
Q4 2024280187
Q1 2025281218
Q2 2025282212
Q3 2025277217
Q4 2025299198

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 25 calls: $10.4mQ1 25 puts: $683.2kQ1 25P/C 0.07Q2 25 calls: $7.7mQ2 25 puts: $1.7mQ2 25P/C 0.22Q3 25 calls: $5.0mQ3 25 puts: $776.6kQ3 25P/C 0.16Q4 25 calls: $12.9mQ4 25 puts: $721.7kQ4 25P/C 0.06
Numbers
QuarterCallsPutsP/C
Q1 2025$10.4m$683.2k0.07
Q2 2025$7.7m$1.7m0.22
Q3 2025$5.0m$776.6k0.16
Q4 2025$12.9m$721.7k0.06

Biggest buyers

Corient Private Wealth LP Added +204,020+204.0k
Ameritas Advisory Services, LLC Added +115,773+115.8k
Quadrature Capital Ltd New +79,615+79.6k
UBS Group AG Added +61,687+61.7k
LPL Financial LLC Added +60,554+60.6k
WELLS FARGO & COMPANY/MN Added +56,972+57.0k
AMERIPRISE FINANCIAL INC Added +43,896+43.9k
McIlrath & Eck, LLC Added +42,053+42.1k
Empower Advisory Group, LLC Added +39,004+39.0k
MORGAN STANLEY Added +37,431+37.4k

Biggest sellers

Nan Shan Life Insurance Co., Ltd. Sold out -152,541-152.5k
Beacon Capital Management, Inc. Reduced -75,190-75.2k
JPMORGAN CHASE & CO Reduced -65,572-65.6k
ENVESTNET ASSET MANAGEMENT INC Reduced -58,571-58.6k
Qube Research & Technologies Ltd Reduced -13,476-13.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -10,441-10.4k
Consolidated Portfolio Review Corp Sold out -9,504-9.5k
FIRST AMERICAN BANK Reduced -8,325-8.3k
NEUBERGER BERMAN GROUP LLC Reduced -5,653-5.7k
Hilltop Holdings Inc. Reduced -5,076-5.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.0m21.6k shares
Foundations Investment Advisors, LLC New $3.7m20.0k shares
SLT Holdings LLC New $3.7m20.0k shares
CITADEL ADVISORS LLC Reduced $1.5m8.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $481.1k2.6k shares
CITADEL ADVISORS LLC New $240.6k1.3k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 1,145,9231.1m $212.0m $212.0m 0.01% Added +37.4k +37,431
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,003,8731.0m $185.8m $185.8m 0.01% Reduced -2.4k -2,383
3 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 893,163893.2k $165.3m $165.3m 0.05% Added +60.6k +60,554
4 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.08% of their portfolio MILWAUKEE, WI 679,099679.1k $125.7m $125.7m 0.08% Added +20.6k +20,615
5 Beacon Capital Management, Inc. 5.58% of their portfolio DAYTON, OH 563,909563.9k $104.3m $104.3m 5.58% Reduced -75.2k -75,190
6 ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio Berwyn, PA 459,818459.8k $85.1m $85.1m 0.03% Reduced -58.6k -58,571
7 Empower Advisory Group, LLC 0.21% of their portfolio Greenwood Village, CO 411,752411.8k $76.2m $76.2m 0.21% Added +39.0k +39,004
8 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 400,718400.7k $74.1m $74.1m 0.01% Added +57.0k +56,972
9 UBS Group AG 0.01% of their portfolio ZURICH, V8 344,439344.4k $63.7m $63.7m 0.01% Added +61.7k +61,687
10 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 341,238341.2k $63.2m $63.2m 0.01% Added +43.9k +43,896
11 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 230,614230.6k $42.7m $42.7m 0.06% Reduced -2.2k -2,236
12 CAPTRUST FINANCIAL ADVISORS 0.08% of their portfolio RALEIGH, NC 227,153227.2k $42.0m $42.0m 0.08% Reduced -1.4k -1,419
13 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 224,315224.3k $39.0m $39.0m 0.03% Added +204.0k +204,020
14 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 219,551219.6k $40.6m $40.6m 0.01% Added +22.6k +22,624
15 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 211,919211.9k $39.2m $39.2m 0.01% Added +16.0k +15,958
16 PGIM Custom Harvest LLC 0.58% of their portfolio NEWARK, NJ 211,596211.6k $39.2m $39.2m 0.58% Added +15.9k +15,925
17 Rockefeller Capital Management L.P. 0.07% of their portfolio NEW YORK, NY 203,334203.3k $37.6m $37.6m 0.07% Added +3.1k +3,084
18 Cetera Investment Advisers 0.04% of their portfolio SCHAUMBURG, IL 185,382185.4k $34.3m $34.3m 0.04% Added +124 +124
19 COMMONWEALTH EQUITY SERVICES, LLC 0.05% of their portfolio WALTHAM, MA 184,217184.2k $34.1m $34.1m 0.05% Added +3.9k +3,910
20 Ameritas Advisory Services, LLC 0.84% of their portfolio Lincoln, NE 122,135122.1k $22.6m $22.6m 0.84% Added +115.8k +115,773
21 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 119,941119.9k $22.2m $22.2m 0.06% Added +2.3k +2,261
22 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 105,792105.8k $19.6m $19.6m 0.02% Added +624 +624
23 CREATIVE FINANCIAL DESIGNS INC /ADV 1.21% of their portfolio KOKOMO, IN 103,672103.7k $19.2m $19.2m 1.21% Added +4.0k +4,047
24 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 103,107103.1k $19.1m $19.1m 0.05% Added +18.1k +18,104
25 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 1.09% of their portfolio KNOXVILLE, TN 93,16793.2k $17.2m $17.2m 1.09% Added +766 +766
26 Allied Investment Advisors, LLC 2.53% of their portfolio BILLINGS, MT 88,34288.3k $16.3m $16.3m 2.53% Reduced -307 -307
27 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 86,24086.2k $16.0m $16.0m 0.00% Reduced -65.6k -65,572
28 Federation des caisses Desjardins du Quebec 0.06% of their portfolio LEVIS, A8 85,99086.0k $15.9m $15.9m 0.06% Reduced -801 -801
29 Unconventional Investor, LLC 7.05% of their portfolio PORTSMOUTH, NH 80,17780.2k $14.8m $14.8m 7.05% Reduced -2.5k -2,477
30 Quadrature Capital Ltd 0.15% of their portfolio LONDON, X0 79,61579.6k $14.7m $14.7m 0.15% New
31 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 76,65176.7k $14.2m $14.2m 0.01% Reduced -876 -876
32 Lido Advisors, LLC 0.05% of their portfolio Los Angeles, CA 70,37970.4k $13.2m $13.2m 0.05% Added +4.1k +4,061
33 SWAN Capital LLC 4.46% of their portfolio PENSACOLA, FL 62,01962.0k $11.5m $11.5m 4.46% Added +5.8k +5,839
34 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 61,73761.7k $11.4m $11.4m 0.05% Reduced -2.7k -2,741
35 Nelson Capital Management, LLC 1.33% of their portfolio MENLO PARK, CA 61,40661.4k $11.4m $11.4m 1.33% Added +888 +888
36 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 59,79959.8k $11.1m $11.1m 0.02% Reduced -447 -447
37 VESTOR CAPITAL, LLC 0.72% of their portfolio CHICAGO, IL 58,00058.0k $10.7m $10.7m 0.72% Reduced -294 -294
38 BLAIR WILLIAM & CO/IL 0.03% of their portfolio CHICAGO, IL 57,41257.4k $10.6m $10.6m 0.03% Added +438 +438
39 Pallas Capital Advisors LLC 0.35% of their portfolio BRAINTREE, MA 56,64656.6k $10.5m $10.5m 0.35% Reduced -2.4k -2,436
40 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 56,27656.3k $10.4m $10.4m 0.01% Reduced -459 -459
41 American Investment Services, Inc. 2.32% of their portfolio GREAT BARRINGTON, MA 53,90953.9k $10.0m $10.0m 2.32% Added +482 +482
42 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 52,02852.0k $9.6m $9.6m 0.01% Added +1.8k +1,849
43 Goldstone Financial Group, LLC 1.06% of their portfolio OAKBROOK TERRACE, IL 51,33751.3k $9.5m $9.5m 1.06% Added +2.1k +2,060
44 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 50,38850.4k $9.3m $9.3m 0.01% Reduced -2.3k -2,339
45 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 47,29747.3k $8.8m $8.8m 0.02% Reduced -1.3k -1,332
46 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 46,31546.3k $8.6m $8.6m 0.00% Added +26.4k +26,444
47 McIlrath & Eck, LLC 0.73% of their portfolio ARLINGTON, WA 42,24842.2k $7.8m $7.8m 0.73% Added +42.1k +42,053
48 Stratos Wealth Advisors, LLC 0.37% of their portfolio BEACHWOOD, OH 40,94340.9k $7.6m $7.6m 0.37% Added +1.7k +1,729
49 Greenline Partners, LLC 0.86% of their portfolio NEW YORK, NY 40,61040.6k $7.5m $7.5m 0.86% Added +3.1k +3,084
50 David Kennon Inc 2.53% of their portfolio SARASOTA, FL 38,40638.4k $7.1m $7.1m 2.53% Reduced -1.1k -1,098
51 EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio Oklahoma City, OK 36,98737.0k $6.8m $6.8m 0.06% Added +6.5k +6,538
52 NOMURA ASSET MANAGEMENT CO LTD 0.02% of their portfolio TOKYO, M0 36,90036.9k $6.8m $6.8m 0.02% Added +9.4k +9,400
53 Richmond Brothers, Inc. 4.32% of their portfolio JACKSON, MI 36,71836.7k $6.8m $6.8m 4.32% Reduced -4.6k -4,594
54 KCM INVESTMENT ADVISORS LLC 0.22% of their portfolio GREENBRAE, CA 36,61436.6k $6.8m $6.8m 0.22% Reduced -448 -448
55 Bryn Mawr Trust Advisors, LLC 0.29% of their portfolio PHILADELPHIA, PA 32,58032.6k $6.0m $6.0m 0.29% Reduced -173 -173
56 Proficio Capital Partners LLC 0.42% of their portfolio NEWTON, MA 32,34532.3k $6.0m $6.0m 0.42% Added +13.4k +13,390
57 Foundations Investment Advisors, LLC 0.07% of their portfolio PHOENIX, AZ 30,56630.6k $5.7m $5.7m 0.07% Added +356 +356
58 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 30,44430.4k $5.6m $5.6m 0.00% Added +3.3k +3,346
59 MERCER GLOBAL ADVISORS INC /ADV 0.01% of their portfolio DENVER, CO 29,80929.8k $5.5m $5.5m 0.01% Added +111 +111
60 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 29,12829.1k $5.4m $5.4m 0.00% Added +9.0k +8,991
61 Farther Finance Advisors, LLC 0.06% of their portfolio SAN FRANCISCO, CA 29,06829.1k $5.4m $5.4m 0.06% Added +3.3k +3,307
62 Sigma Planning Corp 0.09% of their portfolio ANN ARBOR, MI 28,76928.8k $3.2m $3.2m 0.09% Added +1.8k +1,766
63 Porter White Investment Advisors, Inc. 2.18% of their portfolio Birmingham, AL 28,76928.8k $5.3m $5.3m 2.18% Added +128 +128
64 Hamilton Wealth, LLC 1.01% of their portfolio LOS ANGELES, CA 28,58128.6k $5.3m $5.3m 1.01% Added +1.4k +1,363
65 IFG Advisory, LLC 0.22% of their portfolio ATLANTA, GA 27,62127.6k $5.1m $5.1m 0.22% Added +6 +6
66 HARBOUR INVESTMENTS, INC. 0.10% of their portfolio MADISON, WI 27,53727.5k $5.1m $5.1m 0.10% Added +4.0k +4,040
67 BARD ASSOCIATES INC 1.28% of their portfolio CHICAGO, IL 26,88626.9k $5.0m $5.0m 1.28% Added +5.3k +5,349
68 Dakota Wealth Management 0.09% of their portfolio PALM BEACH GARDENS, FL 26,80426.8k $5.0m $5.0m 0.09% Reduced -533 -533
69 Aspire Capital Advisors LLC 1.15% of their portfolio SEATTLE, WA 26,56926.6k $4.9m $4.9m 1.15% Reduced -156 -156
70 Beacon Pointe Advisors, LLC 0.03% of their portfolio NEWPORT BEACH, CA 26,38926.4k $4.9m $4.9m 0.03% Added +15.5k +15,526
71 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 26,03626.0k $4.8m $4.8m 0.02% Added +2.2k +2,178
72 Moss Adams Wealth Advisors LLC 0.34% of their portfolio SEATTLE, WA 25,64525.6k $4.7m $4.7m 0.34% Unchanged
73 Visionary Wealth Advisors 0.21% of their portfolio O'FALLON, IL 24,67124.7k $4.6m $4.6m 0.21% Added +326 +326
74 New England Private Wealth Advisors LLC 0.56% of their portfolio WELLESLEY, MA 24,19824.2k $4.5m $4.5m 0.56% Added +176 +176
75 Apollon Financial, LLC 0.64% of their portfolio MOUNT PLEASANT, SC 23,84323.8k $4.4m $4.4m 0.64% Added +2.1k +2,086
76 Venturi Wealth Management, LLC 0.20% of their portfolio AUSTIN, TX 23,77923.8k $4.4m $4.4m 0.20% New
77 CWM, LLC 0.01% of their portfolio OMAHA, NE 23,49923.5k $4.3m $4.3m 0.01% Added +19.0k +18,986
78 Atria Investments, Inc 0.05% of their portfolio Charlotte, NC 23,28323.3k $4.3m $4.3m 0.05% Reduced -3.4k -3,364
79 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 22,56522.6k $4.2m $4.2m 0.01% Added +1.5k +1,525
80 M&T Bank Corp 0.01% of their portfolio BUFFALO, NY 22,39522.4k $4.1m $4.1m 0.01% Reduced -172 -172
81 Integrated Wealth Concepts LLC 0.05% of their portfolio WALTHAM, MA 22,26822.3k $4.1m $4.1m 0.05% Reduced -100 -100
82 MRA Advisory Group 1.71% of their portfolio PARSIPPANY, NJ 22,00422.0k $4.1m $4.1m 1.71% Added +261 +261
83 Mariner, LLC 0.00% of their portfolio Overland Park, KS 21,47921.5k $4.0m $4.0m 0.00% Added +1.9k +1,893
84 Mittelman Wealth Management 2.50% of their portfolio ANDOVER, MA 20,81420.8k $3.9m $3.9m 2.50% Added +5.1k +5,108
85 Legacy Financial Group LLC 0.48% of their portfolio DES MOINES, IA 20,68720.7k $3.9m $3.9m 0.48% New
86 Wilmington Savings Fund Society, FSB 0.09% of their portfolio WILMINGTON, DE 20,18720.2k $3.7m $3.7m 0.09% Reduced -358 -358
87 Tranquilli Financial Advisor LLC 2.12% of their portfolio Clinton, NJ 19,77419.8k $3.7m $3.7m 2.12% Reduced -720 -720
88 DMKC Advisory Services, LLC 1.60% of their portfolio DES MOINES, IA 19,75719.8k $3.7m $3.7m 1.60% Added +1.9k +1,926
89 J.W. COLE ADVISORS, INC. 0.08% of their portfolio TAMPA, FL 19,54319.5k $3.5m $3.5m 0.08% Reduced -290 -290
90 Pathstone Holdings, LLC 0.01% of their portfolio ENGLEWOOD, NJ 19,07719.1k $3.5m $3.5m 0.01% Reduced -161 -161
91 Sterling Investment Advisors, Ltd. 0.65% of their portfolio BERWYN, PA 18,98219.0k $3.5m $3.5m 0.65% Unchanged
92 White Lighthouse Investment Management Inc. 0.48% of their portfolio BEDFORD, MA 18,67418.7k $3.5m $3.5m 0.48% Reduced -58 -58
93 Strengthening Families & Communities, LLC 1.20% of their portfolio BOSTON, MA 18,25618.3k $3.4m $3.4m 1.20% Added +1.4k +1,351
94 Ariston Services Group 1.96% of their portfolio SAN DIEGO, CA 18,08518.1k $3.3m $3.3m 1.96% Reduced -34 -34
95 Capital Investment Advisory Services, LLC 0.23% of their portfolio RALEIGH, NC 17,74117.7k $3.3m $3.3m 0.23% Added +682 +682
96 Reality Financial Planning Services, LLC 3.12% of their portfolio SARASOTA, FL 17,58417.6k $3.3m $3.3m 3.12% First filing
97 O'ROURKE & COMPANY, Inc 1.20% of their portfolio BOSTON, MA 16,71916.7k $3.1m $3.1m 1.20% Added +3.8k +3,789
98 Wealthspire Advisors, LLC 0.02% of their portfolio NEW YORK, NY 16,65016.6k $3.1m $3.1m 0.02% Unchanged
99 Comprehensive Money Management Services LLC 2.10% of their portfolio CORAL GABLES, FL 16,45516.5k $3.0m $3.0m 2.10% Reduced -134 -134
100 Quantinno Capital Management LP 0.01% of their portfolio NEW YORK, NY 16,41916.4k $3.0m $3.0m 0.01% Added +684 +684