Vault-13

VANGUARD SCOTTSDALE FDS VTWO

VNG RUS2000IDX · ETP · CUSIP 92206C664

684 institutional holders +22 vs Q4 2025
103,535,353103.5m shares reported held*
$10.4bnreported value*
78 new 267 added 184 reduced 48 sold out net bought ≈ $1.2bn (+11.8m 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 ($243.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $100.44. Options: 4 managers hold calls ($12.6m notional), 3 hold puts ($2.2m).

Trends to Q1 2026

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: 587Q3 25: 609Q4 25: 662Q1 26: 684684Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q3 2025609
Q4 2025662
Q1 2026684

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 230 bought or addedQ2 24: 179 cut or sold outQ3 24: 296 bought or addedQ3 24: 171 cut or sold outQ3 24Q4 24: 300 bought or addedQ4 24: 188 cut or sold outQ1 25: 296 bought or addedQ1 25: 232 cut or sold outQ1 25Q2 25: 304 bought or addedQ2 25: 230 cut or sold outQ3 25: 299 bought or addedQ3 25: 225 cut or sold outQ3 25Q4 25: 327 bought or addedQ4 25: 199 cut or sold outQ1 26: 345 bought or addedQ1 26: 232 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024230179
Q3 2024296171
Q4 2024300188
Q1 2025296232
Q2 2025304230
Q3 2025299225
Q4 2025327199
Q1 2026345232

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 25 calls: $30.4mQ2 25 puts: $11.7mQ2 25P/C 0.38Q3 25 calls: $12.5mQ3 25 puts: $7.2mQ3 25P/C 0.58Q4 25 calls: $15.7mQ4 25 puts: $1.5mQ4 25P/C 0.09Q1 26 calls: $12.6mQ1 26 puts: $2.2mQ1 26P/C 0.18
Numbers
QuarterCallsPutsP/C
Q2 2025$30.4m$11.7m0.38
Q3 2025$12.5m$7.2m0.58
Q4 2025$15.7m$1.5m0.09
Q1 2026$12.6m$2.2m0.18

Biggest buyers

UBS Group AG Added +11,277,914+11.3m
JONES FINANCIAL COMPANIES LLLP Added +3,220,846+3.2m
ENVESTNET ASSET MANAGEMENT INC Added +3,080,859+3.1m
NEOS Investment Management LLC Added +2,088,921+2.1m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Added +1,893,459+1.9m
BANK OF MONTREAL /CAN/ Added +666,563+666.6k
US BANCORP \DE\ Added +497,732+497.7k
WELLS FARGO & COMPANY/MN Added +215,661+215.7k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +200,000+200.0k
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ Added +129,621+129.6k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -5,685,693-5.7m
NATIXIS ADVISORS, LLC Reduced -2,944,778-2.9m
Envestnet Portfolio Solutions, Inc. Reduced -2,907,666-2.9m
HighTower Advisors, LLC Reduced -543,049-543.0k
GOLDMAN SACHS GROUP INC Reduced -422,473-422.5k
BNP PARIBAS FINANCIAL MARKETS Reduced -253,965-254.0k
IMC-Chicago, LLC Sold out -239,506-239.5k
Corient Private Wealth LP Reduced -96,812-96.8k
CITADEL ADVISORS LLC Reduced -54,473-54.5k
Lido Advisors, LLC Reduced -44,696-44.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.6m66.0k shares
CITADEL ADVISORS LLC Added $4.9m49.1k shares
JANE STREET GROUP, LLC Added $641.1k6.4k shares
Pine Valley Investments Ltd Liability Co Unchanged $400.7k4.0k shares

Biggest puts

JANE STREET GROUP, LLC New $1.1m10.6k shares
CITADEL ADVISORS LLC Reduced $771.3k7.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $400.7k4.0k 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/ 0.17% of their portfolio CHARLOTTE, NC 23,836,22423.8m $2.4bn $2.4bn 0.17% Reduced -5.7m -5,685,693
2 UBS Group AG 0.23% of their portfolio ZURICH, V8 12,813,59912.8m $1.3bn $1.3bn 0.23% Added +11.3m +11,277,914
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 8,936,6018.9m $895.2m $895.2m 0.05% Added +125.4k +125,406
4 NEOS Investment Management LLC 3.34% of their portfolio Westport, CT 6,604,6746.6m $661.6m $661.6m 3.34% Added +2.1m +2,088,921
5 US BANCORP \DE\ 0.70% of their portfolio MINNEAPOLIS, MN 5,758,2105.8m $576.8m $576.8m 0.70% Added +497.7k +497,732
6 JONES FINANCIAL COMPANIES LLLP 0.20% of their portfolio DES PERES, MO 4,197,6754.2m $412.2m $412.2m 0.20% Added +3.2m +3,220,846
7 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 3,740,8463.7m $374.7m $374.7m 0.07% Added +215.7k +215,661
8 ENVESTNET ASSET MANAGEMENT INC 0.10% of their portfolio Berwyn, PA 3,597,2453.6m $360.3m $360.3m 0.10% Added +3.1m +3,080,859
9 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 2,940,7012.9m $294.6m $294.6m 0.04% Reduced -422.5k -422,473
10 NATIXIS ADVISORS, LLC 0.41% of their portfolio Boston, MA 2,916,1722.9m $292.1m $292.1m 0.41% Reduced -2.9m -2,944,778
11 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio NEW YORK, NY 2,409,9442.4m $241.4m $241.4m 0.05% Added +1.9m +1,893,459
12 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,856,3871.9m $179.6m $179.6m 0.01% Added +33.4k +33,360
13 STIFEL FINANCIAL CORP 0.14% of their portfolio ST. LOUIS, MO 1,479,4921.5m $148.2m $148.2m 0.14% Added +30.7k +30,692
14 EXCHANGE TRADED CONCEPTS, LLC 0.98% of their portfolio Oklahoma City, OK 1,266,5941.3m $126.9m $126.9m 0.98% Added +50.5k +50,470
15 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 1,071,2191.1m $107.3m $107.3m 0.03% Added +67.8k +67,820
16 NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio NEW YORK, NY 869,900869.9k $87.1m $87.1m 0.07% Added +31.7k +31,670
17 RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio ST. PETERSBURG, FL 709,862709.9k $71.1m $71.1m 0.02% Added +66.2k +66,209
18 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 688,475688.5k $69.0m $69.0m 0.03% Added +666.6k +666,563
19 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 680,958681.0k $68.2m $68.2m 0.09% Added +40.0k +40,044
20 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 583,657583.7k $58.8m $58.8m 0.01% Added +17.4k +17,437
21 Henshaw Capital LLC 2.16% of their portfolio WOBURN, MA 582,050582.0k $58.3m $58.3m 2.16% Unchanged
22 EVOKE WEALTH, LLC 1.05% of their portfolio Los Angeles, CA 570,798570.8k $57.2m $57.2m 1.05% Added +55.7k +55,688
23 AMG National Trust Bank 1.17% of their portfolio GREENWOOD VILLAGE, CO 537,549537.5k $53.8m $53.8m 1.17% Added +120.0k +119,997
24 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.08% of their portfolio TORONTO, A6 502,000502.0k $50.3m $50.3m 0.08% Added +200.0k +200,000
25 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.26% of their portfolio Cincinnati, OH 474,675474.7k $47.5m $47.5m 0.26% Added +129.6k +129,621
26 Venturi Wealth Management, LLC 1.93% of their portfolio AUSTIN, TX 427,634427.6k $42.8m $42.8m 1.93% Reduced -34.0k -33,972
27 CSM Advisors, LLC 0.94% of their portfolio WARRENDALE, PA 379,911379.9k $38.1m $38.1m 0.94% Added +18.2k +18,159
28 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 355,278355.3k $35.6m $35.6m 0.01% Added +54.3k +54,335
29 Waverly Advisors, LLC 0.24% of their portfolio BIRMINGHAM, AL 317,000317.0k $31.8m $31.8m 0.24% Added +45.3k +45,284
30 AE Wealth Management LLC 0.15% of their portfolio TOPEKA, KS 282,158282.2k $28.3m $28.3m 0.15% Added +1.4k +1,372
31 Lido Advisors, LLC 0.11% of their portfolio Los Angeles, CA 276,952277.0k $27.7m $27.7m 0.11% Reduced -44.7k -44,696
32 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 275,000275.0k $27.5m $27.5m 0.02% Reduced -254.0k -253,965
33 Janney Montgomery Scott LLC 0.07% of their portfolio PHILADELPHIA, PA 274,867274.9k $27.5m $27.5m 0.07% Reduced -1.1k -1,085
34 WESBANCO BANK INC 0.76% of their portfolio WHEELING, WV 273,187273.2k $27.4m $27.4m 0.76% Added +46.4k +46,426
35 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 238,272238.3k $23.9m $23.9m 0.01% Added +22.6k +22,592
36 RED CEDAR INVESTMENT MANAGEMENT, LLC 2.39% of their portfolio GRAND RAPIDS, MI 229,942229.9k $23.0m $23.0m 2.39% Reduced -1.6k -1,621
37 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 221,199221.2k $22.2m $22.2m 0.02% Added +1.5k +1,539
38 MOODY NATIONAL BANK TRUST DIVISION 1.93% of their portfolio GALVESTON, TX 202,789202.8k $20.3m $20.3m 1.93% Added +9.6k +9,629
39 Envestnet Portfolio Solutions, Inc. 0.11% of their portfolio BERWYN, PA 202,159202.2k $20.3m $20.3m 0.11% Reduced -2.9m -2,907,666
40 Rockefeller Capital Management L.P. 0.04% of their portfolio NEW YORK, NY 199,774199.8k $20.0m $20.0m 0.04% Added +19.4k +19,377
41 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 190,787190.8k $19.1m $19.1m 0.01% Added +4.9k +4,895
42 S. R. Schill & Associates 12.89% of their portfolio MERCER ISLAND, WA 190,532190.5k $19.1m $19.1m 12.89% Reduced -37.5k -37,509
43 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 181,525181.5k $18.2m $18.2m 0.03% Reduced -9.2k -9,204
44 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 178,002178.0k $18.4m $18.4m 0.02% Reduced -25.4k -25,394
45 GLENMEDE TRUST CO NA 0.08% of their portfolio PHILADELPHIA, PA 172,286172.3k $17.3m $17.3m 0.08% Added +39.6k +39,611
46 FIRST CITIZENS BANK & TRUST CO 0.34% of their portfolio RALEIGH, NC 162,705162.7k $16.3m $16.3m 0.34% Reduced -6.6k -6,619
47 ALERUS FINANCIAL NA 0.80% of their portfolio GRAND FORKS, ND 161,753161.8k $16.2m $16.2m 0.80% Reduced -5.7k -5,699
48 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 155,241155.2k $15.6m $15.6m 0.02% Reduced -898 -898
49 LBMC INVESTMENT ADVISORS, LLC 0.91% of their portfolio BRENTWOOD, TN 149,385149.4k $15.0m $15.0m 0.91% Reduced -1.9k -1,908
50 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 149,096149.1k $14.9m $14.9m 0.02% Added +54.7k +54,743
51 Brandywine Asset Management, Inc. 11.93% of their portfolio THORNTON, PA 147,440147.4k $15.0m $15.0m 11.93% Reduced -500 -500
52 SVB WEALTH LLC 0.97% of their portfolio BOSTON, MA 146,804146.8k $14.7m $14.7m 0.97% Reduced -5.0k -4,984
53 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 146,494146.5k $14.7m $14.7m 0.01% Reduced -3.3k -3,305
54 Cadent Capital Advisors, LLC 3.78% of their portfolio TULSA, OK 142,813142.8k $14.3m $14.3m 3.78% Added +631 +631
55 Fusion Capital, LLC 3.79% of their portfolio MT. PLEASANT, SC 140,223140.2k $14.0m $14.0m 3.79% Added +13.9k +13,877
56 CENTRAL VALLEY ADVISORS, LLC 3.81% of their portfolio SACRAMENTO, CA 139,356139.4k $14.0m $14.0m 3.81% Added +1.1k +1,095
57 Cresset Asset Management, LLC 0.06% of their portfolio Chicago, IL 131,800131.8k $13.2m $13.2m 0.06% Reduced -3.1k -3,080
58 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 131,377131.4k $13.2m $13.2m 0.04% Reduced -10.5k -10,488
59 Rathbones Group PLC 0.03% of their portfolio Liverpool, X0 129,968130.0k $13.0m $13.0m 0.03% Reduced -8.8k -8,772
60 PNC Financial Services Group, Inc. 0.01% of their portfolio Pittsburgh, PA 129,636129.6k $13.0m $13.0m 0.01% Added +6.0k +6,050
61 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 122,559122.6k $12.3m $12.3m 0.00% Added +19.1k +19,097
62 CIBC WORLD MARKET INC. 0.02% of their portfolio TORONTO, A6 121,144121.1k $12.1m $12.1m 0.02% Reduced -5.9k -5,891
63 Pathstone Holdings, LLC 0.05% of their portfolio ENGLEWOOD, NJ 119,862119.9k $12.0m $12.0m 0.05% Added +2.9k +2,878
64 Turim 21 Investimentos Ltda. 12.55% of their portfolio RIO DE JANEIRO, D5 116,292116.3k $50.0m $50.0m 12.55% New
65 Rockbridge Investment Management, LCC 1.03% of their portfolio Syracuse, NY 114,924114.9k $11.5m $11.5m 1.03% Added +13.4k +13,393
66 PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.43% of their portfolio BOSTON, MA 114,697114.7k $11.5m $11.5m 0.43% Added +231 +231
67 LODESTAR PRIVATE ASSET MANAGEMENT LLC 1.07% of their portfolio ALAMO, CA 108,634108.6k $10.9m $10.9m 1.07% Added +2.5k +2,549
68 Beacon Pointe Advisors, LLC 0.06% of their portfolio NEWPORT BEACH, CA 108,177108.2k $10.8m $10.8m 0.06% Added +101.0k +100,984
69 Fairfield University 5.30% of their portfolio FAIRFIELD, CT 105,648105.6k $10.6m $10.6m 5.30% New
70 Zuckerman Investment Group, LLC 0.98% of their portfolio CHICAGO, IL 104,059104.1k $10.4m $10.4m 0.98% Added +727 +727
71 LOCKHEED MARTIN INVESTMENT MANAGEMENT CO 0.37% of their portfolio BETHESDA, MD 100,000100.0k $10.0m $10.0m 0.37% Unchanged
72 Vise Technologies, Inc. 0.18% of their portfolio NEW YORK, NY 93,23193.2k $9.3m $9.3m 0.18% Unchanged
73 First Western Trust Bank 0.47% of their portfolio Denver, CO 92,35692.4k $9.3m $9.3m 0.47% Added +5.5k +5,453
74 1900 WEALTH MANAGEMENT LLC 0.59% of their portfolio SAN ANTONIO, TX 92,29992.3k $9.2m $9.2m 0.59% Added +5 +5
75 Thrivent Financial for Lutherans 0.02% of their portfolio Minneapolis, MN 91,49791.5k $9.2m $9.2m 0.02% Added +16.3k +16,316
76 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 89,91489.9k $9.0m $9.0m 0.01% Reduced -543.0k -543,049
77 Creative Planning 0.01% of their portfolio OVERLAND PARK, KS 88,90288.9k $8.9m $8.9m 0.01% Added +6.7k +6,742
78 Heritage Investment Group, Inc. 1.33% of their portfolio POMPANO BEACH, FL 87,76587.8k $8.8m $8.8m 1.33% Added +3.3k +3,309
79 FIFTH THIRD BANCORP 0.02% of their portfolio CINCINNATI, OH 87,70987.7k $8.8m $8.8m 0.02% Added +85.3k +85,256
80 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 87,53487.5k $8.5m $8.5m 0.01% Reduced -96.8k -96,812
81 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 86,25686.3k $8.6m $8.6m 0.01% Added +75.7k +75,716
82 PRAIRIEVIEW WEALTH PARTNERS, LLC 6.99% of their portfolio FRANKFORT, IL 85,13485.1k $8.5m $8.5m 6.99% Added +1.6k +1,650
83 FIRST NATIONAL BANK OF OMAHA 0.25% of their portfolio OMAHA, NE 84,60684.6k $8.2m $8.2m 0.25% Reduced -11.1k -11,051
84 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 82,73582.7k $8.3m $8.3m 0.02% Added +2.6k +2,585
85 Financial Engines Advisors L.L.C. 0.02% of their portfolio SANTA CLARA, CA 79,97180.0k $8.0m $8.0m 0.02% Reduced -12.0k -12,014
86 COMMERCE BANK 0.04% of their portfolio KANSAS CITY, MO 77,84677.8k $7.8m $7.8m 0.04% Added +60.4k +60,355
87 HRT FINANCIAL LP 0.03% of their portfolio NEW YORK, NY 77,39477.4k $7.8m $7.8m 0.03% New
88 EP Wealth Advisors, LLC 0.04% of their portfolio TORRANCE, CA 77,26977.3k $7.7m $7.7m 0.04% Reduced -1.5k -1,528
89 Farther Finance Advisors, LLC 0.07% of their portfolio SAN FRANCISCO, CA 76,33076.3k $7.7m $7.7m 0.07% Added +3.1k +3,120
90 Allianz SE 0.08% of their portfolio Munich, 2M 76,00076.0k $7.6m $7.6m 0.08% New
91 Mariner, LLC 0.01% of their portfolio Overland Park, KS 74,78374.8k $7.5m $7.5m 0.01% Reduced -3.9k -3,910
92 Kestra Advisory Services, LLC 0.03% of their portfolio AUSTIN, TX 74,54874.5k $7.5m $7.5m 0.03% Added +10.9k +10,865
93 Lloyd Advisory Services, LLC. 2.13% of their portfolio SUWANEE, GA 74,37574.4k $7.5m $7.5m 2.13% Added +72.2k +72,248
94 Kingdom Financial Group LLC. 2.13% of their portfolio PEORIA, AZ 74,37574.4k $7.5m $7.5m 2.13% Added +4.5k +4,548
95 Financial & Tax Architects, LLC 1.63% of their portfolio ST LOUIS, MO 73,01773.0k $7.3m $7.3m 1.63% Added +6.9k +6,860
96 Summit Financial Consulting LLC 5.23% of their portfolio STERLING HEIGHTS, MI 72,95773.0k $7.3m $7.3m 5.23% New
97 CHOREO, LLC 0.09% of their portfolio ROCKFORD, IL 71,99372.0k $7.2m $7.2m 0.09% Added +4.2k +4,190
98 LVW Advisors, LLC 0.69% of their portfolio PITTSFORD, NY 70,78470.8k $7.1m $7.1m 0.69% Added +17.8k +17,816
99 Mesirow Financial Investment Management, Inc. 0.11% of their portfolio CHICAGO, IL 70,45470.5k $7.1m $7.1m 0.11% Added +1.2k +1,233
100 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 68,13068.1k $6.8m $6.8m 0.00% Added +14.3k +14,280