Vault-13

VANGUARD INDEX FDS VOE

MCAP VL IDXVIP · ETP · CUSIP 922908512

1,228 institutional holders +24 vs Q4 2025
73,721,35673.7m shares reported held*
$13.4bnreported value*
87 new 466 added 419 reduced 56 sold out net sold ≈ $214.6m (-1.2m 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 ($24.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $182.24. Options: 2 managers hold calls ($1.8m notional), 1 hold puts ($903.0k).

Trends to Q1 2026

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: 1,100Q2 25: 1,126Q3 25: 1,118Q4 25: 1,204Q1 26: 1,2281,228Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q2 20251,126
Q3 20251,118
Q4 20251,204
Q1 20261,228

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 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 25Q2 25: 438 bought or addedQ2 25: 443 cut or sold outQ3 25: 494 bought or addedQ3 25: 414 cut or sold outQ3 25Q4 25: 557 bought or addedQ4 25: 407 cut or sold outQ1 26: 553 bought or addedQ1 26: 475 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024385427
Q3 2024449390
Q4 2024491355
Q1 2025490439
Q2 2025438443
Q3 2025494414
Q4 2025557407
Q1 2026553475

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ2 25 calls: $6.4mQ2 25 puts: $1.6mQ2 25P/C 0.25Q3 25 calls: $5.3mQ3 25 puts: $1.3mQ3 25P/C 0.25Q4 25 calls: $2.8mQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $1.8mQ1 26 puts: $903.0kQ1 26P/C 0.51
Numbers
QuarterCallsPutsP/C
Q2 2025$6.4m$1.6m0.25
Q3 2025$5.3m$1.3m0.25
Q4 2025$2.8m$00.00
Q1 2026$1.8m$903.0k0.51

Biggest buyers

JONES FINANCIAL COMPANIES LLLP Added +505,987+506.0k
OSAIC HOLDINGS, INC. Added +253,910+253.9k
EP Wealth Advisors, LLC Added +233,942+233.9k
HUB Investment Partners, LLC Added +153,115+153.1k
STEPHENS GROUP ASSET MANAGEMENT, LLC Added +117,119+117.1k
UBS Group AG Added +73,158+73.2k
ENVESTNET ASSET MANAGEMENT INC Added +70,649+70.6k
FMR LLC Added +70,333+70.3k
MONETA GROUP INVESTMENT ADVISORS LLC Added +67,163+67.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +66,380+66.4k

Biggest sellers

TIAA TRUST, NATIONAL ASSOCIATION Reduced -1,667,625-1.7m
PICTON MAHONEY ASSET MANAGEMENT Sold out -547,312-547.3k
Corient Private Wealth LP Reduced -275,376-275.4k
ASSETMARK, INC Reduced -191,395-191.4k
Betterment LLC Reduced -182,729-182.7k
ROYAL BANK OF CANADA Reduced -127,511-127.5k
Falcon Wealth Planning Reduced -118,403-118.4k
Rockefeller Capital Management L.P. Reduced -114,889-114.9k
AMERIPRISE FINANCIAL INC Reduced -108,674-108.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -96,521-96.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.4m7.8k shares
CITADEL ADVISORS LLC Reduced $331.7k1.8k shares

Biggest puts

CITADEL ADVISORS LLC New $903.0k4.9k 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 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 4,758,4024.8m $876.9m $876.9m 0.05% Added +7.9k +7,853
2 ASSETMARK, INC 1.63% of their portfolio CONCORD, CA 4,333,3824.3m $798.6m $798.6m 1.63% Reduced -191.4k -191,395
3 EP Wealth Advisors, LLC 3.75% of their portfolio TORRANCE, CA 4,140,0384.1m $762.9m $762.9m 3.75% Added +233.9k +233,942
4 Betterment LLC 1.31% of their portfolio NEW YORK, NY 3,741,8813.7m $689.6m $689.6m 1.31% Reduced -182.7k -182,729
5 JONES FINANCIAL COMPANIES LLLP 0.27% of their portfolio DES PERES, MO 3,133,0893.1m $570.8m $570.8m 0.27% Added +506.0k +505,987
6 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 3,045,4013.0m $561.2m $561.2m 0.04% Reduced -76.6k -76,649
7 WELLS FARGO & COMPANY/MN 0.10% of their portfolio SAN FRANCISCO, CA 2,688,1072.7m $495.4m $495.4m 0.10% Reduced -16.3k -16,297
8 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 2,421,6952.4m $446.3m $446.3m 0.08% Reduced -127.5k -127,511
9 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 1.15% of their portfolio CHARLOTTE, NC 1,626,6491.6m $299.8m $299.8m 1.15% First filing
10 UBS Group AG 0.05% of their portfolio ZURICH, V8 1,465,3811.5m $270.0m $270.0m 0.05% Added +73.2k +73,158
11 PNC Financial Services Group, Inc. 0.16% of their portfolio Pittsburgh, PA 1,461,1591.5m $269.3m $269.3m 0.16% Reduced -7.2k -7,211
12 STEPHENS GROUP ASSET MANAGEMENT, LLC 14.34% of their portfolio LITTLE ROCK, AR 1,221,1391.2m $225.0m $225.0m 14.34% Added +117.1k +117,119
13 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 1,205,3411.2m $222.1m $222.1m 0.06% Added +70.6k +70,649
14 FMR LLC 0.01% of their portfolio BOSTON, MA 1,108,6771.1m $204.3m $204.3m 0.01% Added +70.3k +70,333
15 LPL Financial LLC 0.05% of their portfolio FORT MILL, SC 1,093,9351.1m $201.6m $201.6m 0.05% Added +18.7k +18,692
16 MONETA GROUP INVESTMENT ADVISORS LLC 1.51% of their portfolio ST LOUIS, MO 1,090,1181.1m $200.9m $200.9m 1.51% Added +67.2k +67,163
17 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.12% of their portfolio MILWAUKEE, WI 1,045,7301.0m $192.7m $192.7m 0.12% Added +66.4k +66,380
18 Orgel Wealth Management, LLC 3.57% of their portfolio ALTOONA, WI 899,090899.1k $165.7m $165.7m 3.57% Added +51.9k +51,890
19 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 882,986883.0k $162.7m $162.7m 0.04% Reduced -108.7k -108,674
20 Wellspring Financial Advisors, LLC 0.07% of their portfolio CLEVELAND, OH 784,107784.1k $943.0k $943.0k 0.07% Reduced -782 -782
21 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 720,227720.2k $132.7m $132.7m 0.04% Reduced -70.6k -70,591
22 STIFEL FINANCIAL CORP 0.12% of their portfolio ST. LOUIS, MO 703,111703.1k $129.6m $129.6m 0.12% Reduced -4.9k -4,935
23 Focus Partners Wealth 0.14% of their portfolio ST LOUIS, MO 683,834683.8k $126.0m $126.0m 0.14% Added +6.7k +6,650
24 OSAIC HOLDINGS, INC. 0.18% of their portfolio SCOTTSDALE, AZ 659,620659.6k $121.6m $121.6m 0.18% Added +253.9k +253,910
25 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.96% of their portfolio WASHINGTON, DC 612,122612.1k $112.8m $112.8m 0.96% Reduced -11.2k -11,219
26 Mariner, LLC 0.13% of their portfolio Overland Park, KS 603,456603.5k $111.2m $111.2m 0.13% Reduced -17.9k -17,857
27 SYM FINANCIAL Corp 10.44% of their portfolio WINONA LAKE, IN 567,194567.2k $104.5m $104.5m 10.44% Added +8.1k +8,074
28 Waverly Advisors, LLC 0.73% of their portfolio BIRMINGHAM, AL 529,934529.9k $97.7m $97.7m 0.73% Reduced -12.6k -12,550
29 Avior Wealth Management, LLC 2.76% of their portfolio OMAHA, NE 528,225528.2k $97.3m $97.3m 2.76% Reduced -12.6k -12,601
30 US BANCORP \DE\ 0.11% of their portfolio MINNEAPOLIS, MN 505,528505.5k $93.2m $93.2m 0.11% Added +14.7k +14,694
31 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 433,705433.7k $79.9m $79.9m 0.05% Reduced -657 -657
32 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 424,294424.3k $78.2m $78.2m 0.08% Added +6.2k +6,196
33 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 401,592401.6k $74.0m $74.0m 0.10% Reduced -26.6k -26,635
34 Rockefeller Capital Management L.P. 0.13% of their portfolio NEW YORK, NY 399,175399.2k $73.6m $73.6m 0.13% Reduced -114.9k -114,889
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 383,976384.0k $69.7m $69.7m 0.00% Added +1.6k +1,574
36 Rodgers & Associates, LTD 7.02% of their portfolio Lancaster, PA 374,368374.4k $69.0m $69.0m 7.02% Reduced -5.4k -5,437
37 McAdam, LLC 2.94% of their portfolio Philadelphia, PA 353,982354.0k $65.2m $65.2m 2.94% Added +6.7k +6,718
38 TRUIST FINANCIAL CORP 0.09% of their portfolio CHARLOTTE, NC 341,901341.9k $63.0m $63.0m 0.09% Reduced -44.6k -44,626
39 HighTower Advisors, LLC 0.06% of their portfolio CHICAGO, IL 326,802326.8k $60.2m $60.2m 0.06% Reduced -2.3k -2,320
40 Berman McAleer LLC 7.70% of their portfolio TIMONIUM, MD 306,169306.2k $56.4m $56.4m 7.70% Added +5.7k +5,680
41 Krilogy Financial LLC 1.84% of their portfolio ST. LOUIS, MO 299,602299.6k $57.1m $57.1m 1.84% Added +2.0k +1,996
42 Private Advisor Group, LLC 0.26% of their portfolio MORRISTOWN, NJ 295,737295.7k $54.5m $54.5m 0.26% Added +1.3k +1,319
43 CWM, LLC 0.14% of their portfolio OMAHA, NE 290,862290.9k $53.6m $53.6m 0.14% Added +18.6k +18,571
44 Equitable Holdings, Inc. 0.31% of their portfolio NEW YORK, NY 283,898283.9k $48.8m $48.8m 0.31% Added +17.4k +17,448
45 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 275,034275.0k $50.6m $50.6m 0.07% Reduced -275.4k -275,376
46 CIBC Bancorp USA Inc. 0.07% of their portfolio CHICAGO, IL 274,908274.9k $50.4m $50.4m 0.07% First filing
47 INSPIRION WEALTH ADVISORS, LLC 6.10% of their portfolio LIBERTYVILLE, IL 265,574265.6k $48.9m $48.9m 6.10% Reduced -5.0k -5,009
48 Trust Co 4.51% of their portfolio MANHATTAN, KS 260,990261.0k $48.1m $48.1m 4.51% Added +1.9k +1,889
49 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 241,730241.7k $44.5m $44.5m 0.12% Reduced -790 -790
50 HUB Investment Partners, LLC 1.06% of their portfolio AUSTIN, TX 235,927235.9k $43.5m $43.5m 1.06% Added +153.1k +153,115
51 1832 Asset Management L.P. 0.06% of their portfolio TORONTO, A6 231,852231.9k $42.7m $42.7m 0.06% Reduced -8.0k -8,027
52 Marotta Asset Management 7.39% of their portfolio CHARLOTTESVILLE, VA 217,452217.5k $40.2m $40.2m 7.39% Reduced -6.4k -6,414
53 BENJAMIN EDWARDS INC 0.38% of their portfolio Clayton, MO 209,002209.0k $38.5m $38.5m 0.38% Added +9.0k +9,028
54 KWMG, LLC 3.19% of their portfolio OVERLAND PARK, KS 207,042207.0k $38.2m $38.2m 3.19% Added +3.6k +3,590
55 NewEdge Advisors, LLC 0.13% of their portfolio NEW ORLEANS, LA 198,576198.6k $36.6m $36.6m 0.13% Added +1.7k +1,686
56 Summit Financial, LLC 0.46% of their portfolio PARSIPPANY, NJ 195,010195.0k $35.9m $35.9m 0.46% Added +26.3k +26,289
57 CARY STREET PARTNERS FINANCIAL LLC 0.73% of their portfolio RICHMOND, VA 184,379184.4k $29.6m $29.6m 0.73% Added +2.6k +2,585
58 Shakespeare Wealth Management, LLC 7.91% of their portfolio Pewaukee, WI 181,234181.2k $33.4m $33.4m 7.91% Added +2.4k +2,405
59 Bragg Financial Advisors, Inc 1.04% of their portfolio CHARLOTTE, NC 179,038179.0k $33.0m $33.0m 1.04% Added +3.1k +3,137
60 BLAIR WILLIAM & CO/IL 0.09% of their portfolio CHICAGO, IL 177,550177.6k $32.7m $32.7m 0.09% Added +37.4k +37,386
61 CONDOR CAPITAL MANAGEMENT 2.64% of their portfolio MARTINSVILLE, NJ 171,147171.1k $31.5m $31.5m 2.64% Reduced -1.9k -1,926
62 FIRST AMERICAN TRUST, FSB 2.06% of their portfolio SANTA ANA, CA 165,912165.9k $30.6m $30.6m 2.06% Added +56.7k +56,677
63 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 164,240164.2k $30.3m $30.3m 0.11% Added +17.2k +17,193
64 Beacon Pointe Advisors, LLC 0.16% of their portfolio NEWPORT BEACH, CA 159,181159.2k $29.3m $29.3m 0.16% Added +28.4k +28,389
65 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 158,512158.5k $29.2m $29.2m 0.02% Reduced -6.3k -6,271
66 Avion Wealth 6.01% of their portfolio THE WOODLANDS, TX 157,831157.8k $29.1m $29.1m 6.01% Reduced -5.0k -5,036
67 WoodTrust Financial Corp 3.68% of their portfolio WISCONSIN RAPIDS, WI 154,707154.7k $28.5m $28.5m 3.68% Reduced -18.7k -18,703
68 Wilmington Savings Fund Society, FSB 0.68% of their portfolio WILMINGTON, DE 154,378154.4k $28.4m $28.4m 0.68% Reduced -23.3k -23,273
69 BHK Investment Advisors, LLC 9.43% of their portfolio BIRMINGHAM, AL 153,074153.1k $28.2m $28.2m 9.43% Reduced -4.7k -4,703
70 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 148,588148.6k $27.5m $27.5m 0.06% Reduced -96.5k -96,521
71 Mesirow Financial Investment Management, Inc. 0.44% of their portfolio CHICAGO, IL 147,982148.0k $27.3m $27.3m 0.44% Added +51.3k +51,272
72 PRESILIUM PRIVATE WEALTH, LLC 4.77% of their portfolio RADNOR, PA 146,890146.9k $27.1m $27.1m 4.77% Added +1.2k +1,191
73 DIVERSIFIED MANAGEMENT INC 4.61% of their portfolio MILWAUKEE, WI 145,954146.0k $26.9m $26.9m 4.61% Reduced -117 -117
74 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 145,868145.9k $26.9m $26.9m 0.01% Reduced -3.7k -3,665
75 &PARTNERS 0.13% of their portfolio NASHVILLE, TN 141,417141.4k $26.1m $26.1m 0.13% Added +15.6k +15,591
76 World Investment Advisors 0.40% of their portfolio LINCROFT, NJ 135,522135.5k $25.0m $25.0m 0.40% Added +785 +785
77 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 132,621132.6k $24.4m $24.4m 0.04% Added +51.2k +51,160
78 Grove Street Fiduciary, LLC 10.48% of their portfolio PETERBOROUGH, NH 129,119129.1k $23.8m $23.8m 10.48% Reduced -1.9k -1,899
79 STEPHENS INC /AR/ 0.30% of their portfolio LITTLE ROCK, AR 129,093129.1k $23.8m $23.8m 0.30% Added +12.8k +12,845
80 AIRE ADVISORS, LLC 4.31% of their portfolio BEVERLY HILLS, CA 127,800127.8k $23.6m $23.6m 4.31% Added +1.0k +1,037
81 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 127,612127.6k $23.5m $23.5m 0.03% Added +842 +842
82 Diesslin Group, Inc. 10.36% of their portfolio FORT WORTH, TX 124,837124.8k $23.0m $23.0m 10.36% Reduced -6.5k -6,460
83 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 123,389123.4k $22.7m $22.7m 0.04% Added +202 +202
84 Strategic Investment Advisors / MI 1.53% of their portfolio FARMINGTON HILLS, MI 120,022120.0k $22.1m $22.1m 1.53% Added +23.2k +23,216
85 ARVEST INVESTMENTS, INC. 2.79% of their portfolio LOWELL, AR 110,890110.9k $20.4m $20.4m 2.79% Added +261 +261
86 Cambridge Investment Research Advisors, Inc. 0.05% of their portfolio FAIRFIELD, IA 109,447109.4k $20.2m $20.2m 0.05% Added +4.1k +4,109
87 Bryn Mawr Trust Advisors, LLC 0.97% of their portfolio PHILADELPHIA, PA 108,479108.5k $20.0m $20.0m 0.97% Added +3.8k +3,820
88 Wealthspire Advisors, LLC 0.15% of their portfolio NEW YORK, NY 105,266105.3k $19.4m $19.4m 0.15% Added +18.0k +17,963
89 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 105,265105.3k $19.4m $19.4m 0.03% Reduced -735 -735
90 Praetorian Wealth Management, Inc. 3.78% of their portfolio CARMEL, CA 105,024105.0k $19.9m $19.9m 3.78% Added +576 +576
91 SAGE FINANCIAL GROUP INC 1.25% of their portfolio W. CONSHOHOCKEN, PA 104,091104.1k $19.2m $19.2m 1.25% Added +228 +228
92 Ledyard National Bank 1.66% of their portfolio HANOVER, NH 103,675103.7k $19.1m $19.1m 1.66% Added +954 +954
93 Advisory Alpha, LLC 0.51% of their portfolio HOLLAND, MI 101,702101.7k $18.7m $18.7m 0.51% Reduced -497 -497
94 OLIO Financial Planning 5.07% of their portfolio MCLEAN, VA 99,29699.3k $18.3m $18.3m 5.07% Added +1.7k +1,694
95 Asset Management Group, Inc. 2.85% of their portfolio STAMFORD, CT 95,78195.8k $17.7m $17.7m 2.85% Reduced -508 -508
96 ProVise Management Group, LLC 1.23% of their portfolio CLEARWATER, FL 92,53192.5k $17.1m $17.1m 1.23% Added +1.5k +1,463
97 PEAPACK GLADSTONE FINANCIAL CORP 0.22% of their portfolio BEDMINSTER, NJ 92,52992.5k $17.1m $17.1m 0.22% Reduced -123 -123
98 Legacies Wealth LLC 10.66% of their portfolio MINNETONKA, MN 91,18691.2k $16.8m $16.8m 10.66% Reduced -1.2k -1,200
99 MERCER GLOBAL ADVISORS INC /ADV 0.02% of their portfolio DENVER, CO 90,24090.2k $16.6m $16.6m 0.02% Reduced -16.1k -16,075
100 Chicago Partners Investment Group LLC 0.39% of their portfolio CHICAGO, IL 89,94389.9k $17.3m $17.3m 0.39% Added +2.9k +2,851