Vault-13

VANGUARD INDEX FDS VOE

MCAP VL IDXVIP · ETP · CUSIP 922908512

1,100 institutional holders -15 vs Q4 2024
66,204,34566.2m shares reported held*
$10.5bnreported value*
63 new 427 added 365 reduced 74 sold out net bought ≈ $14.8m (+92.8k 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 ($6.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $158.57. Options: 3 managers hold calls ($6.8m notional), 2 hold puts ($449.8k).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 826Q4 22: 917Q1 23: 908Q2 23: 913Q3 23: 898Q4 23: 975Q1 24: 983Q2 24: 987Q3 24: 1,035Q4 24: 1,115Q1 25: 1,1001,100Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022826
Q4 2022917
Q1 2023908
Q2 2023913
Q3 2023898
Q4 2023975
Q1 2024983
Q2 2024987
Q3 20241,035
Q4 20241,115
Q1 20251,100

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q2 23: 408 bought or addedQ2 23: 393 cut or sold outQ3 23: 401 bought or addedQ3 23: 371 cut or sold outQ3 23Q4 23: 403 bought or addedQ4 23: 381 cut or sold outQ1 24: 438 bought or addedQ1 24: 418 cut or sold outQ1 24Q2 24: 385 bought or addedQ2 24: 427 cut or sold outQ3 24: 449 bought or addedQ3 24: 390 cut or sold outQ3 24Q4 24: 491 bought or addedQ4 24: 355 cut or sold outQ1 25: 490 bought or addedQ1 25: 439 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023408393
Q3 2023401371
Q4 2023403381
Q1 2024438418
Q2 2024385427
Q3 2024449390
Q4 2024491355
Q1 2025490439

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 24 calls: $4.9mQ2 24 puts: $60.2kQ2 24P/C 0.01Q3 24 calls: $4.7mQ3 24 puts: $301.8kQ3 24P/C 0.06Q4 24 calls: $4.1mQ4 24 puts: $258.8kQ4 24P/C 0.06Q1 25 calls: $6.8mQ1 25 puts: $449.8kQ1 25P/C 0.07
Numbers
QuarterCallsPutsP/C
Q2 2024$4.9m$60.2k0.01
Q3 2024$4.7m$301.8k0.06
Q4 2024$4.1m$258.8k0.06
Q1 2025$6.8m$449.8k0.07

Biggest buyers

EP Wealth Advisors, LLC Added +239,192+239.2k
WELLS FARGO & COMPANY/MN Added +211,153+211.2k
ASSETMARK, INC Added +172,374+172.4k
World Investment Advisors Added +120,114+120.1k
STEPHENS GROUP ASSET MANAGEMENT, LLC Added +109,095+109.1k
Mariner, LLC Added +108,604+108.6k
Penserra Capital Management LLC New +99,790+99.8k
ENVESTNET ASSET MANAGEMENT INC Added +87,965+88.0k
HUB Investment Partners, LLC Added +78,015+78.0k
Geneos Wealth Management Inc. Added +68,239+68.2k

Biggest sellers

Pacific Life Fund Advisors LLC Sold out -390,571-390.6k
Focus Partners Wealth Reduced -298,911-298.9k
Betterment LLC Reduced -217,175-217.2k
Equitable Holdings, Inc. Reduced -111,773-111.8k
OSAIC HOLDINGS, INC. Reduced -103,820-103.8k
MORGAN STANLEY Reduced -94,492-94.5k
UBS Group AG Reduced -69,763-69.8k
Christopher J. Hasenberg, Inc Reduced -64,587-64.6k
Sequoia Financial Advisors, LLC Reduced -55,098-55.1k
Rockefeller Capital Management L.P. Reduced -51,015-51.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.1m31.5k shares
CITADEL ADVISORS LLC Added $1.4m8.8k shares
Belvedere Trading LLC Reduced $321.1k2.0k shares

Biggest puts

Quaker Wealth Management, LLC First filing $241.1k1.5k shares
CITADEL ADVISORS LLC Reduced $208.7k1.3k 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, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,574,2724.6m $734.4m $734.4m 0.05% Reduced -94.5k -94,492
2 Betterment LLC 1.63% of their portfolio NEW YORK, NY 4,291,9244.3m $689.0m $689.0m 1.63% Reduced -217.2k -217,175
3 ASSETMARK, INC 1.81% of their portfolio CONCORD, CA 4,103,0544.1m $658.7m $658.7m 1.81% Added +172.4k +172,374
4 ROYAL BANK OF CANADA 0.12% of their portfolio TORONTO, A6 3,262,7963.3m $523.8m $523.8m 0.12% Added +65.6k +65,644
5 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 3,080,2043.1m $494.5m $494.5m 0.04% Reduced -1.9k -1,857
6 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 2,458,3002.5m $394.7m $394.7m 0.10% Added +211.2k +211,153
7 JONES FINANCIAL COMPANIES LLLP 0.35% of their portfolio DES PERES, MO 2,454,0262.5m $390.8m $390.8m 0.35% Added +34.5k +34,490
8 TIAA TRUST, NATIONAL ASSOCIATION 0.86% of their portfolio CHARLOTTE, NC 1,710,0381.7m $274.5m $274.5m 0.86% Reduced -13.6k -13,637
9 PNC Financial Services Group, Inc. 0.13% of their portfolio Pittsburgh, PA 1,559,0681.6m $250.3m $250.3m 0.13% Reduced -6.7k -6,677
10 EP Wealth Advisors, LLC 1.94% of their portfolio TORRANCE, CA 1,515,4451.5m $243.3m $243.3m 1.94% Added +239.2k +239,192
11 ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio Berwyn, PA 1,510,5971.5m $242.5m $242.5m 0.08% Added +88.0k +87,965
12 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,457,3951.5m $234.0m $234.0m 0.05% Reduced -69.8k -69,763
13 STEPHENS GROUP ASSET MANAGEMENT, LLC 14.14% of their portfolio LITTLE ROCK, AR 1,091,8521.1m $175.3m $175.3m 14.14% Added +109.1k +109,095
14 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,026,6251.0m $164.8m $164.8m 0.06% Reduced -21.5k -21,502
15 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.13% of their portfolio MILWAUKEE, WI 967,146967.1k $155.3m $155.3m 0.13% Added +56.2k +56,205
16 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 928,390928.4k $149.1m $149.1m 0.04% Added +13.2k +13,217
17 FMR LLC 0.01% of their portfolio BOSTON, MA 872,250872.2k $140.0m $140.0m 0.01% Reduced -24.1k -24,076
18 MONETA GROUP INVESTMENT ADVISORS LLC 1.82% of their portfolio ST LOUIS, MO 823,904823.9k $132.3m $132.3m 1.82% Added +37.1k +37,121
19 Wellspring Financial Advisors, LLC 0.15% of their portfolio CLEVELAND, OH 786,949786.9k $1.4m $1.4m 0.15% Reduced -685 -685
20 Orgel Wealth Management, LLC 3.09% of their portfolio ALTOONA, WI 741,179741.2k $119.0m $119.0m 3.09% Added +45.3k +45,271
21 Waverly Advisors, LLC 1.20% of their portfolio BIRMINGHAM, AL 612,076612.1k $98.3m $98.3m 1.20% Reduced -20.2k -20,245
22 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 606,727606.7k $97.4m $97.4m 0.04% Reduced -46.0k -46,045
23 STIFEL FINANCIAL CORP 0.10% of their portfolio ST. LOUIS, MO 604,897604.9k $97.1m $97.1m 0.10% Added +3.4k +3,405
24 Mariner, LLC 0.15% of their portfolio Overland Park, KS 566,564566.6k $90.9m $90.9m 0.15% Added +108.6k +108,604
25 Avior Wealth Management, LLC 3.28% of their portfolio OMAHA, NE 537,936537.9k $86.3m $86.3m 3.28% Added +7.8k +7,791
26 Rockefeller Capital Management L.P. 0.21% of their portfolio NEW YORK, NY 531,942531.9k $85.4m $85.4m 0.21% Reduced -51.0k -51,015
27 SYM FINANCIAL Corp 10.28% of their portfolio WINONA LAKE, IN 519,779519.8k $83.4m $83.4m 10.28% Added +11.0k +10,990
28 COMMONWEALTH EQUITY SERVICES, LLC 0.11% of their portfolio WALTHAM, MA 505,333505.3k $81.1m $81.1m 0.11% Added +5.9k +5,897
29 Creative Planning 0.07% of their portfolio OVERLAND PARK, KS 447,836447.8k $71.9m $71.9m 0.07% Added +1.1k +1,116
30 US BANCORP \DE\ 0.09% of their portfolio MINNEAPOLIS, MN 416,202416.2k $66.8m $66.8m 0.09% Added +8.7k +8,742
31 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 395,927395.9k $63.6m $63.6m 0.00% Added +8.8k +8,799
32 TRUIST FINANCIAL CORP 0.10% of their portfolio CHARLOTTE, NC 374,788374.8k $60.2m $60.2m 0.10% Added +2.5k +2,534
33 Rodgers & Associates, LTD 6.65% of their portfolio Lancaster, PA 339,959340.0k $54.6m $54.6m 6.65% Added +807 +807
34 Focus Partners Wealth 0.14% of their portfolio ST LOUIS, MO 337,819337.8k $54.2m $54.2m 0.14% Reduced -298.9k -298,911
35 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 313,557313.6k $50.4m $50.4m 0.11% Reduced -103.8k -103,820
36 McAdam, LLC 2.93% of their portfolio Philadelphia, PA 295,373295.4k $47.4m $47.4m 2.93% Reduced -1.6k -1,582
37 INSPIRION WEALTH ADVISORS, LLC 6.46% of their portfolio LIBERTYVILLE, IL 289,633289.6k $46.5m $46.5m 6.46% Added +5.5k +5,494
38 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 282,016282.0k $45.3m $45.3m 0.06% Added +67.2k +67,155
39 Equitable Holdings, Inc. 0.41% of their portfolio NEW YORK, NY 270,921270.9k $43.5m $43.5m 0.41% Reduced -111.8k -111,773
40 Private Advisor Group, LLC 0.26% of their portfolio MORRISTOWN, NJ 266,282266.3k $42.7m $42.7m 0.26% Added +12.8k +12,809
41 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 265,756265.8k $42.7m $42.7m 0.08% Added +26.4k +26,432
42 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 245,441245.4k $39.4m $39.4m 0.08% Added +6.3k +6,347
43 Trust Co 4.68% of their portfolio MANHATTAN, KS 245,433245.4k $39.4m $39.4m 4.68% Added +3.4k +3,387
44 MML INVESTORS SERVICES, LLC 0.13% of their portfolio SPRINGFIELD, MA 245,219245.2k $39.4m $39.4m 0.13% Reduced -5.5k -5,466
45 Marotta Asset Management 7.80% of their portfolio CHARLOTTESVILLE, VA 236,977237.0k $39.7m $39.7m 7.80% Added +14.4k +14,407
46 1832 Asset Management L.P. 0.07% of their portfolio TORONTO, A6 234,343234.3k $37.6m $37.6m 0.07% Added +2.4k +2,367
47 Krilogy Financial LLC 2.32% of their portfolio ST. LOUIS, MO 223,237223.2k $35.8m $35.8m 2.32% Added +8.9k +8,859
48 CONDOR CAPITAL MANAGEMENT 2.84% of their portfolio MARTINSVILLE, NJ 190,023190.0k $30.5m $30.5m 2.84% Reduced -7.9k -7,894
49 KWMG, LLC 3.04% of their portfolio OVERLAND PARK, KS 186,158186.2k $29.9m $29.9m 3.04% Added +4.3k +4,324
50 BENJAMIN EDWARDS INC 0.40% of their portfolio Clayton, MO 179,580179.6k $28.8m $28.8m 0.40% Added +22.0k +22,032
51 Summit Financial, LLC 0.80% of their portfolio PARSIPPANY, NJ 177,641177.6k $28.5m $28.5m 0.80% Added +654 +654
52 Roberts Financial Services LLC 5.50% of their portfolio MARQUETTE, MI 176,248176.2k $28.3m $28.3m 5.50% Added +19 +19
53 WoodTrust Financial Corp 3.96% of their portfolio WISCONSIN RAPIDS, WI 176,059176.1k $28.3m $28.3m 3.96% Added +4.1k +4,107
54 Bragg Financial Advisors, Inc 1.10% of their portfolio CHARLOTTE, NC 165,925165.9k $26.6m $26.6m 1.10% Added +352 +352
55 Shakespeare Wealth Management, LLC 7.10% of their portfolio Pewaukee, WI 165,198165.2k $26.5m $26.5m 7.10% Added +2.6k +2,609
56 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 165,026165.0k $26.5m $26.5m 0.02% First filing
57 Total Wealth Planning, LLC 4.02% of their portfolio CINCINNATI, OH 163,750163.8k $26.3m $26.3m 4.02% Added +3.7k +3,705
58 CARY STREET PARTNERS FINANCIAL LLC 0.70% of their portfolio RICHMOND, VA 160,880160.9k $22.0m $22.0m 0.70% Added +10.1k +10,139
59 NewEdge Advisors, LLC 0.15% of their portfolio NEW ORLEANS, LA 157,133157.1k $25.2m $25.2m 0.15% Reduced -2.6k -2,582
60 Wilmington Savings Fund Society, FSB 0.45% of their portfolio WILMINGTON, DE 151,103151.1k $24.3m $24.3m 0.45% Added +9.3k +9,325
61 Falcon Wealth Planning 2.62% of their portfolio Ontario, CA 147,114147.1k $23.6m $23.6m 2.62% Reduced -20.1k -20,094
62 Mesirow Financial Investment Management, Inc. 0.44% of their portfolio CHICAGO, IL 141,261141.3k $22.7m $22.7m 0.44% Reduced -56 -56
63 Avion Wealth 5.84% of their portfolio THE WOODLANDS, TX 140,708140.7k $22.8m $22.8m 5.84% Added +236 +236
64 BHK Investment Advisors, LLC 9.54% of their portfolio BIRMINGHAM, AL 140,612140.6k $22.6m $22.6m 9.54% Reduced -13.8k -13,817
65 Grove Street Fiduciary, LLC 11.34% of their portfolio PETERBOROUGH, NH 139,300139.3k $22.4m $22.4m 11.34% Reduced -4.4k -4,425
66 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 138,886138.9k $22.3m $22.3m 0.11% Added +3.7k +3,725
67 Beacon Pointe Advisors, LLC 0.25% of their portfolio NEWPORT BEACH, CA 136,720136.7k $21.9m $21.9m 0.25% Reduced -5.8k -5,830
68 Praetorian Wealth Management, Inc. 5.31% of their portfolio CARMEL, CA 135,671135.7k $21.8m $21.8m 5.31% Reduced -199 -199
69 Geneos Wealth Management Inc. 0.31% of their portfolio ENGLEWOOD, CO 135,217135.2k $21.7m $21.7m 0.31% Added +68.2k +68,239
70 BLAIR WILLIAM & CO/IL 0.06% of their portfolio CHICAGO, IL 129,942129.9k $20.9m $20.9m 0.06% Added +2.9k +2,883
71 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 129,464129.5k $20.8m $20.8m 0.01% Added +806 +806
72 World Investment Advisors 0.54% of their portfolio LINCROFT, NJ 128,660128.7k $20.7m $20.7m 0.54% Added +120.1k +120,114
73 PRESILIUM PRIVATE WEALTH, LLC 4.54% of their portfolio RADNOR, PA 126,367126.4k $20.3m $20.3m 4.54% Added +26.8k +26,834
74 Sepio Capital, LP 1.60% of their portfolio Salt Lake City, UT 125,502125.5k $20.1m $20.1m 1.60% Added +4.9k +4,890
75 AIRE ADVISORS, LLC 4.22% of their portfolio BEVERLY HILLS, CA 124,768124.8k $20.0m $20.0m 4.22% Added +3.1k +3,116
76 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 123,323123.3k $19.8m $19.8m 0.07% Reduced -12.4k -12,385
77 CAPTRUST FINANCIAL ADVISORS 0.05% of their portfolio RALEIGH, NC 121,569121.6k $19.5m $19.5m 0.05% Added +3.3k +3,315
78 STEPHENS INC /AR/ 0.28% of their portfolio LITTLE ROCK, AR 118,133118.1k $19.0m $19.0m 0.28% Added +700 +700
79 Sequoia Financial Advisors, LLC 0.15% of their portfolio Akron, OH 116,967117.0k $18.8m $18.8m 0.15% Reduced -55.1k -55,098
80 Clayton Financial Group LLC 6.64% of their portfolio ST. LOUIS, MO 112,875112.9k $18.1m $18.1m 6.64% Added +4.5k +4,476
81 Ellevest, Inc. 1.17% of their portfolio NEW YORK, NY 109,424109.4k $17.6m $17.6m 1.17% Reduced -15.5k -15,497
82 SAGE FINANCIAL GROUP INC 1.38% of their portfolio W. CONSHOHOCKEN, PA 106,770106.8k $17.1m $17.1m 1.38% Reduced -527 -527
83 Ledyard National Bank 1.67% of their portfolio HANOVER, NH 104,876104.9k $16.8m $16.8m 1.67% Reduced -850 -850
84 ARVEST INVESTMENTS, INC. 2.65% of their portfolio LOWELL, AR 104,716104.7k $16.8m $16.8m 2.65% Added +1.1k +1,139
85 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 103,895103.9k $16.7m $16.7m 0.03% Added +3.2k +3,217
86 MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio DENVER, CO 101,195101.2k $16.2m $16.2m 0.04% Added +3.7k +3,653
87 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 100,449100.4k $16.1m $16.1m 0.03% Reduced -978 -978
88 Penserra Capital Management LLC 0.29% of their portfolio ORINDA, CA 99,79099.8k $16.0m $16.0m 0.29% New
89 PEAPACK GLADSTONE FINANCIAL CORP 0.24% of their portfolio BEDMINSTER, NJ 98,89298.9k $15.9m $15.9m 0.24% Reduced -844 -844
90 Asset Management Group, Inc. 2.86% of their portfolio STAMFORD, CT 96,23996.2k $15.5m $15.5m 2.86% Added +392 +392
91 LMCG INVESTMENTS, LLC 1.00% of their portfolio BOSTON, MA 93,99094.0k $15.1m $15.1m 1.00% Added +5.9k +5,942
92 Evensky & Katz LLC 0.97% of their portfolio CORAL GABLES, FL 90,35490.4k $14.5m $14.5m 0.97% Reduced -4.5k -4,528
93 FIFTH THIRD BANCORP 0.05% of their portfolio CINCINNATI, OH 89,85289.9k $14.4m $14.4m 0.05% Reduced -4.2k -4,218
94 Advisory Alpha, LLC 0.48% of their portfolio HOLLAND, MI 87,57287.6k $14.1m $14.1m 0.48% Added +19.0k +19,021
95 OLIO Financial Planning 4.80% of their portfolio MCLEAN, VA 86,58786.6k $13.9m $13.9m 4.80% Added +3.1k +3,145
96 Compton Wealth Advisory Group, LLC 3.80% of their portfolio VIRGINIA BEACH, VA 85,22585.2k $13.7m $13.7m 3.80% Added +391 +391
97 Modera Wealth Management, LLC 0.18% of their portfolio WESTWOOD, NJ 85,15185.2k $13.7m $13.7m 0.18% Added +1.7k +1,747
98 ProVise Management Group, LLC 1.15% of their portfolio CLEARWATER, FL 84,52784.5k $13.6m $13.6m 1.15% Added +4.5k +4,452
99 Capital Advantage, Inc. 2.47% of their portfolio Walnut Creek, CA 83,85483.9k $13.6m $13.6m 2.47% Unchanged
100 Chicago Partners Investment Group LLC 0.44% of their portfolio CHICAGO, IL 83,02283.0k $13.1m $13.1m 0.44% Added +600 +600