Vault-13

VANGUARD SCOTTSDALE FDS VTWO

VNG RUS2000IDX · ETP · CUSIP 92206C664

587 institutional holders +0 vs Q1 2025
96,780,14296.8m shares reported held*
$8.4bnreported value*
61 new 243 added 167 reduced 63 sold out net bought ≈ $1.3bn (+15.1m 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 ($1.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $87.15. Options: 5 managers hold calls ($30.4m notional), 4 hold puts ($11.7m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0250500750Q3 22: 376Q4 22: 415Q1 23: 409Q2 23: 414Q3 23: 409Q4 23: 466Q1 24: 477Q2 24: 500Q3 24: 539Q4 24: 605Q1 25: 587Q2 25: 587587Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022376
Q4 2022415
Q1 2023409
Q2 2023414
Q3 2023409
Q4 2023466
Q1 2024477
Q2 2024500
Q3 2024539
Q4 2024605
Q1 2025587
Q2 2025587

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 23: 204 bought or addedQ3 23: 157 cut or sold outQ4 23: 241 bought or addedQ4 23: 146 cut or sold outQ4 23Q1 24: 249 bought or addedQ1 24: 176 cut or sold outQ2 24: 230 bought or addedQ2 24: 179 cut or sold outQ2 24Q3 24: 296 bought or addedQ3 24: 171 cut or sold outQ4 24: 300 bought or addedQ4 24: 188 cut or sold outQ4 24Q1 25: 296 bought or addedQ1 25: 232 cut or sold outQ2 25: 304 bought or addedQ2 25: 230 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023204157
Q4 2023241146
Q1 2024249176
Q2 2024230179
Q3 2024296171
Q4 2024300188
Q1 2025296232
Q2 2025304230

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ3 24 calls: $36.5mQ3 24 puts: $2.0mQ3 24P/C 0.05Q4 24 calls: $7.4mQ4 24 puts: $6.0mQ4 24P/C 0.80Q1 25 calls: $10.1mQ1 25 puts: $2.3mQ1 25P/C 0.22Q2 25 calls: $30.4mQ2 25 puts: $11.7mQ2 25P/C 0.38
Numbers
QuarterCallsPutsP/C
Q3 2024$36.5m$2.0m0.05
Q4 2024$7.4m$6.0m0.80
Q1 2025$10.1m$2.3m0.22
Q2 2025$30.4m$11.7m0.38

Biggest buyers

US BANCORP \DE\ Added +4,528,560+4.5m
JONES FINANCIAL COMPANIES LLLP Added +3,206,544+3.2m
Envestnet Portfolio Solutions, Inc. Added +2,250,099+2.3m
MORGAN STANLEY Added +1,530,035+1.5m
WELLS FARGO & COMPANY/MN Added +1,463,733+1.5m
NATIXIS ADVISORS, LLC Added +1,208,964+1.2m
BANK OF AMERICA CORP /DE/ Added +619,457+619.5k
JPMORGAN CHASE & CO Added +509,529+509.5k
NEOS Investment Management LLC Added +372,845+372.8k
GOLDMAN SACHS GROUP INC Added +361,727+361.7k

Biggest sellers

Summit Rock Advisors, LP Sold out -1,478,312-1.5m
FIRST CITIZENS BANK & TRUST CO Reduced -539,343-539.3k
RED CEDAR INVESTMENT MANAGEMENT, LLC Reduced -400,269-400.3k
GWN SECURITIES INC. Reduced -232,914-232.9k
Venturi Wealth Management, LLC Reduced -216,005-216.0k
RAYMOND JAMES FINANCIAL INC Reduced -192,064-192.1k
PARTNERS CAPITAL INVESTMENT GROUP, LLP Reduced -164,470-164.5k
Nuveen, LLC Reduced -118,960-119.0k
Janney Montgomery Scott LLC Reduced -114,292-114.3k
Global Wealth Strategies & Associates Reduced -97,605-97.6k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $21.0m240.8k shares
CITADEL ADVISORS LLC Added $5.0m57.0k shares
JANE STREET GROUP, LLC Added $3.9m44.5k shares
Pine Valley Investments Ltd Liability Co Unchanged $348.9k4.0k shares
WOLVERINE TRADING, LLC New $235.1k2.7k shares

Biggest puts

K2 PRINCIPAL FUND, L.P. New $5.5m62.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $3.1m35.9k shares
CITADEL ADVISORS LLC Reduced $2.0m23.1k shares
JANE STREET GROUP, LLC New $1.1m12.7k 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/ 0.19% of their portfolio CHARLOTTE, NC 27,109,96427.1m $2.4bn $2.4bn 0.19% Added +619.5k +619,457
2 JONES FINANCIAL COMPANIES LLLP 0.66% of their portfolio DES PERES, MO 10,068,57810.1m $876.8m $876.8m 0.66% Added +3.2m +3,206,544
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 8,530,1748.5m $744.0m $744.0m 0.05% Added +1.5m +1,530,035
4 WELLS FARGO & COMPANY/MN 0.16% of their portfolio SAN FRANCISCO, CA 8,497,9308.5m $741.2m $741.2m 0.16% Added +1.5m +1,463,733
5 NATIXIS ADVISORS, LLC 1.00% of their portfolio Boston, MA 7,245,7797.2m $632.0m $632.0m 1.00% Added +1.2m +1,208,964
6 US BANCORP \DE\ 0.50% of their portfolio MINNEAPOLIS, MN 4,540,8194.5m $396.1m $396.1m 0.50% Added +4.5m +4,528,560
7 Envestnet Portfolio Solutions, Inc. 0.97% of their portfolio BERWYN, PA 3,014,6123.0m $262.9m $262.9m 0.97% Added +2.3m +2,250,099
8 NEOS Investment Management LLC 2.53% of their portfolio Westport, CT 2,340,6202.3m $204.1m $204.1m 2.53% Added +372.8k +372,845
9 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 2,027,5412.0m $176.8m $176.8m 0.01% Added +509.5k +509,529
10 UBS Group AG 0.03% of their portfolio ZURICH, V8 1,692,5891.7m $147.6m $147.6m 0.03% Added +180.9k +180,854
11 STIFEL FINANCIAL CORP 0.12% of their portfolio ST. LOUIS, MO 1,392,7791.4m $121.5m $121.5m 0.12% Added +151.0k +150,979
12 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 1,171,6901.2m $102.2m $102.2m 0.02% Added +361.7k +361,727
13 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 859,551859.6k $75.0m $75.0m 0.03% Added +75.9k +75,939
14 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 589,550589.5k $51.4m $51.4m 0.01% Reduced -43.0k -42,998
15 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 582,288582.3k $50.8m $50.8m 0.02% Reduced -192.1k -192,064
16 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 532,631532.6k $46.4m $46.4m 0.01% Added +31.3k +31,332
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 505,752505.8k $44.1m $44.1m 0.00% Added +207.6k +207,596
18 Venturi Wealth Management, LLC 2.14% of their portfolio AUSTIN, TX 496,289496.3k $43.3m $43.3m 2.14% Reduced -216.0k -216,005
19 EVOKE WEALTH, LLC 1.00% of their portfolio Los Angeles, CA 488,414488.4k $42.6m $42.6m 1.00% Reduced -11.3k -11,342
20 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.19% of their portfolio Cincinnati, OH 372,987373.0k $32.5m $32.5m 0.19% Added +284 +284
21 Rockefeller Capital Management L.P. 0.03% of their portfolio NEW YORK, NY 335,208335.2k $29.2m $29.2m 0.03% Added +181.0k +181,031
22 CSM Advisors, LLC 0.82% of their portfolio WARRENDALE, PA 323,157323.2k $28.2m $28.2m 0.82% Reduced -6.4k -6,402
23 Lido Advisors, LLC 0.14% of their portfolio Los Angeles, CA 314,517314.5k $27.4m $27.4m 0.14% Added +39.4k +39,380
24 Allianz SE 0.65% of their portfolio Munich, 2M 313,000313.0k $27.3m $27.3m 0.65% Added +81.0k +81,000
25 AMG National Trust Bank 0.71% of their portfolio GREENWOOD VILLAGE, CO 308,028308.0k $26.9m $26.9m 0.71% Added +122.6k +122,568
26 TRUIST FINANCIAL CORP 0.04% of their portfolio CHARLOTTE, NC 280,489280.5k $24.5m $24.5m 0.04% Reduced -753 -753
27 Janney Montgomery Scott LLC 0.06% of their portfolio PHILADELPHIA, PA 277,397277.4k $24.2m $24.2m 0.06% Reduced -114.3k -114,292
28 Waverly Advisors, LLC 0.25% of their portfolio BIRMINGHAM, AL 263,818263.8k $23.0m $23.0m 0.25% Added +3.8k +3,796
29 SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio London, X0 247,151247.2k $21.6m $21.6m 0.02% Added +1.9k +1,900
30 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio BALA CYNWYD, PA 237,265237.3k $20.7m $20.7m 0.03% Added +65.1k +65,130
31 S. R. Schill & Associates 14.86% of their portfolio MERCER ISLAND, WA 231,289231.3k $20.2m $20.2m 14.86% Added +48.1k +48,134
32 FLOW TRADERS U.S. LLC 0.67% of their portfolio NEW YORK, NY 208,460208.5k $18.2m $18.2m 0.67% New
33 Tower Research Capital LLC (TRC) 0.46% of their portfolio NEW YORK, NY 194,213194.2k $16.9m $16.9m 0.46% Added +184.7k +184,705
34 FIRST CITIZENS BANK & TRUST CO 0.30% of their portfolio RALEIGH, NC 190,547190.5k $16.6m $16.6m 0.30% Reduced -539.3k -539,343
35 AE Wealth Management LLC 0.12% of their portfolio TOPEKA, KS 188,622188.6k $16.5m $16.5m 0.12% Added +21.4k +21,436
36 ALERUS FINANCIAL NA 1.15% of their portfolio GRAND FORKS, ND 183,869183.9k $16.0m $16.0m 1.15% New
37 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 182,937182.9k $16.0m $16.0m 0.03% Added +26.5k +26,504
38 TEXAS PERMANENT SCHOOL FUND CORP 0.53% of their portfolio AUSTIN, TX 181,968182.0k $15.9m $15.9m 0.53% Unchanged
39 MOODY NATIONAL BANK TRUST DIVISION 1.41% of their portfolio GALVESTON, TX 176,774176.8k $15.4m $15.4m 1.41% Added +10.0k +10,004
40 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 172,739172.7k $15.1m $15.1m 0.01% Added +15.3k +15,279
41 LBMC INVESTMENT ADVISORS, LLC 1.01% of their portfolio BRENTWOOD, TN 162,373162.4k $14.2m $14.2m 1.01% Added +13.4k +13,408
42 SVB WEALTH LLC 0.70% of their portfolio BOSTON, MA 150,468150.5k $13.1m $13.1m 0.70% Reduced -24.9k -24,880
43 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 147,926147.9k $12.9m $12.9m 0.02% Reduced -11.8k -11,820
44 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 140,099140.1k $12.3m $12.3m 0.03% Added +5.7k +5,728
45 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 138,790138.8k $12.1m $12.1m 0.02% Added +611 +611
46 CENTRAL VALLEY ADVISORS, LLC 4.05% of their portfolio SACRAMENTO, CA 136,362136.4k $11.9m $11.9m 4.05% Added +3.3k +3,255
47 CIBC WORLD MARKET INC. 0.03% of their portfolio TORONTO, A6 134,659134.7k $11.7m $11.7m 0.03% Reduced -6.8k -6,818
48 TUDOR INVESTMENT CORP ET AL 0.08% of their portfolio STAMFORD, CT 126,221126.2k $11.0m $11.0m 0.08% Added +113.9k +113,929
49 MML INVESTORS SERVICES, LLC 0.03% of their portfolio SPRINGFIELD, MA 124,660124.7k $10.9m $10.9m 0.03% Added +7.3k +7,335
50 RED CEDAR INVESTMENT MANAGEMENT, LLC 1.36% of their portfolio GRAND RAPIDS, MI 123,299123.3k $10.8m $10.8m 1.36% Reduced -400.3k -400,269
51 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 120,091120.1k $10.5m $10.5m 0.01% Added +27.2k +27,202
52 Cresset Asset Management, LLC 0.05% of their portfolio Chicago, IL 114,189114.2k $10.0m $10.0m 0.05% Added +195 +195
53 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.40% of their portfolio BOSTON, MA 113,810113.8k $9.9m $9.9m 0.40% Reduced -164.5k -164,470
54 Fusion Capital, LLC 3.36% of their portfolio MT. PLEASANT, SC 112,578112.6k $9.8m $9.8m 3.36% Added +5.4k +5,427
55 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 109,200109.2k $9.5m $9.5m 0.02% Added +67.0k +66,988
56 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 106,201106.2k $9.3m $9.3m 0.02% Reduced -20.8k -20,823
57 Litman Gregory Wealth Management LLC 0.73% of their portfolio LARKSPUR, CA 105,823105.8k $9.2m $9.2m 0.73% Reduced -3.8k -3,805
58 LODESTAR PRIVATE ASSET MANAGEMENT LLC 1.04% of their portfolio ALAMO, CA 103,800103.8k $9.1m $9.1m 1.04% Reduced -8.0k -8,005
59 Financial Engines Advisors L.L.C. 0.02% of their portfolio SANTA CLARA, CA 103,782103.8k $9.1m $9.1m 0.02% Added +81.8k +81,765
60 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 101,200101.2k $8.8m $8.8m 0.03% Added +6.3k +6,349
61 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.32% of their portfolio BETHESDA, MD 100,000100.0k $8.7m $8.7m 0.32% Unchanged
62 Cadent Capital Advisors, LLC 2.79% of their portfolio TULSA, OK 97,79197.8k $8.5m $8.5m 2.79% New
63 Zuckerman Investment Group, LLC 0.82% of their portfolio CHICAGO, IL 96,64496.6k $8.4m $8.4m 0.82% Added +16.1k +16,117
64 Gibraltar Capital Management, Inc. 0.02% of their portfolio TULSA, OK 95,97496.0k $96.0k $96.0k 0.02% New
65 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 95,55895.6k $8.3m $8.3m 0.01% Added +13.6k +13,596
66 Vise Technologies, Inc. 0.34% of their portfolio NEW YORK, NY 95,15495.2k $8.3m $8.3m 0.34% First filing
67 COMERICA BANK 0.03% of their portfolio DALLAS, TX 92,58592.6k $8.1m $8.1m 0.03% Added +13.0k +13,010
68 1900 WEALTH MANAGEMENT LLC 0.61% of their portfolio SAN ANTONIO, TX 92,28092.3k $8.0m $8.0m 0.61% Reduced -17 -17
69 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 91,85791.9k $8.0m $8.0m 0.02% Added +60.3k +60,330
70 First Western Trust Bank 0.35% of their portfolio Denver, CO 90,43890.4k $7.9m $7.9m 0.35% Added +18.7k +18,670
71 Heritage Investment Group, Inc. 1.30% of their portfolio POMPANO BEACH, FL 86,69586.7k $7.6m $7.6m 1.30% Added +49.7k +49,748
72 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 83,62583.6k $7.3m $7.3m 0.05% Added +18.8k +18,752
73 EP Wealth Advisors, LLC 0.05% of their portfolio TORRANCE, CA 80,31680.3k $7.0m $7.0m 0.05% Reduced -2.9k -2,911
74 Prosperity Consulting Group, LLC 0.51% of their portfolio OWINGS MILLS, MD 80,23080.2k $7.0m $7.0m 0.51% Added +8.7k +8,698
75 Foster Group, Inc. 0.24% of their portfolio WEST DES MOINES, IA 78,72278.7k $6.9m $6.9m 0.24% Reduced -4.0k -3,968
76 PRAIRIEVIEW WEALTH PARTNERS, LLC 7.02% of their portfolio FRANKFORT, IL 77,52677.5k $6.8m $6.8m 7.02% Reduced -11.5k -11,459
77 Mariner, LLC 0.01% of their portfolio Overland Park, KS 76,67076.7k $6.7m $6.7m 0.01% Reduced -966 -966
78 NorthCoast Asset Management LLC 0.03% of their portfolio STAMFORD, CT 73,40973.4k $6.4m $6.4m 0.03% Added +17.4k +17,416
79 WESBANCO BANK INC 0.19% of their portfolio WHEELING, WV 73,26873.3k $6.4m $6.4m 0.19% Added +4.5k +4,547
80 Rockbridge Investment Management, LCC 0.68% of their portfolio Syracuse, NY 73,09873.1k $6.4m $6.4m 0.68% Added +14.4k +14,450
81 First Citizens Asset Management, Inc. 2.26% of their portfolio RALEIGH, NC 72,96173.0k $6.4m $6.4m 2.26% Added +14.2k +14,211
82 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 72,53772.5k $6.3m $6.3m 0.02% Added +758 +758
83 Mesirow Financial Investment Management, Inc. 0.12% of their portfolio CHICAGO, IL 71,76671.8k $6.3m $6.3m 0.12% Added +63.9k +63,908
84 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 70,29370.3k $6.1m $6.1m 0.00% Added +3.4k +3,432
85 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 68,75068.8k $6.0m $6.0m 0.03% Reduced -5.9k -5,884
86 AVANTAX ADVISORY SERVICES, INC. 0.03% of their portfolio DALLAS, TX 66,93966.9k $5.8m $5.8m 0.03% Reduced -2.4k -2,391
87 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 66,83266.8k $5.8m $5.8m 0.00% Added +9.0k +8,968
88 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 66,20766.2k $5.8m $5.8m 0.01% Reduced -2.7k -2,741
89 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 66,20066.2k $5.8m $5.8m 0.00% Reduced -119.0k -118,960
90 LJI Wealth Management, LLC 0.98% of their portfolio INDIANAPOLIS, IN 64,45264.5k $5.6m $5.6m 0.98% Added +11.0k +11,030
91 Rathbones Group PLC 0.02% of their portfolio Liverpool, X0 64,04964.0k $5.6m $5.6m 0.02% Reduced -661 -661
92 St. Louis Trust Co 0.72% of their portfolio SAINT LOUIS, MO 61,99662.0k $5.4m $5.4m 0.72% Added +18.5k +18,533
93 CHOREO, LLC 0.07% of their portfolio ROCKFORD, IL 59,46259.5k $5.2m $5.2m 0.07% Added +13.2k +13,215
94 Austin Private Wealth, LLC 0.40% of their portfolio Austin, TX 57,72857.7k $5.0m $5.0m 0.40% Reduced -2.3k -2,283
95 LifeWealth Investments, LLC 0.86% of their portfolio WINTER GARDEN, FL 57,57057.6k $5.0m $5.0m 0.86% Added +16.8k +16,775
96 Windward Private Wealth Management Inc. 1.81% of their portfolio OVERLAND PARK, KS 57,43757.4k $5.0m $5.0m 1.81% Added +4.9k +4,894
97 LVW Advisors, LLC 0.55% of their portfolio PITTSFORD, NY 55,91255.9k $4.9m $4.9m 0.55% Reduced -18.4k -18,425
98 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 55,87455.9k $4.9m $4.9m 0.00% Added +4.3k +4,338
99 Brooklyn FI, LLC 1.24% of their portfolio NEW YORK, NY 55,50855.5k $4.8m $4.8m 1.24% Added +12.6k +12,622
100 Capstone Financial Advisors, Inc. 0.25% of their portfolio DOWNERS GROVE, IL 49,42049.4k $4.3m $4.3m 0.25% Reduced -16.6k -16,599