Vault-13

VANGUARD INDEX FDS VOT

MCAP GR IDXVIP · ETP · CUSIP 922908538

1,015 institutional holders +32 vs Q1 2025
37,825,78737.8m shares reported held*
$10.7bnreported value*
84 new 328 added 330 reduced 56 sold out net bought ≈ $541.3m (+1.9m 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 ($13.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $284.04. Options: 2 managers hold calls ($5.1m notional), 2 hold puts ($2.1m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 681Q4 22: 731Q1 23: 750Q2 23: 749Q3 23: 760Q4 23: 844Q1 24: 868Q2 24: 866Q3 24: 907Q4 24: 981Q1 25: 983Q2 25: 1,0151,015Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022681
Q4 2022731
Q1 2023750
Q2 2023749
Q3 2023760
Q4 2023844
Q1 2024868
Q2 2024866
Q3 2024907
Q4 2024981
Q1 2025983
Q2 20251,015

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q3 23: 337 bought or addedQ3 23: 287 cut or sold outQ4 23: 366 bought or addedQ4 23: 295 cut or sold outQ4 23Q1 24: 373 bought or addedQ1 24: 334 cut or sold outQ2 24: 370 bought or addedQ2 24: 334 cut or sold outQ2 24Q3 24: 416 bought or addedQ3 24: 282 cut or sold outQ4 24: 392 bought or addedQ4 24: 328 cut or sold outQ4 24Q1 25: 433 bought or addedQ1 25: 381 cut or sold outQ2 25: 412 bought or addedQ2 25: 386 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023337287
Q4 2023366295
Q1 2024373334
Q2 2024370334
Q3 2024416282
Q4 2024392328
Q1 2025433381
Q2 2025412386

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 24 calls: $6.5mQ3 24 puts: $1.3mQ3 24P/C 0.20Q4 24 calls: $4.3mQ4 24 puts: $609.0kQ4 24P/C 0.14Q1 25 calls: $4.4mQ1 25 puts: $1.2mQ1 25P/C 0.27Q2 25 calls: $5.1mQ2 25 puts: $2.1mQ2 25P/C 0.42
Numbers
QuarterCallsPutsP/C
Q3 2024$6.5m$1.3m0.20
Q4 2024$4.3m$609.0k0.14
Q1 2025$4.4m$1.2m0.27
Q2 2025$5.1m$2.1m0.42

Biggest buyers

ROYAL BANK OF CANADA Added +1,185,491+1.2m
Rockefeller Capital Management L.P. Added +375,307+375.3k
OSAIC HOLDINGS, INC. Added +221,155+221.2k
EP Wealth Advisors, LLC Added +167,722+167.7k
MONETA GROUP INVESTMENT ADVISORS LLC Added +99,760+99.8k
World Investment Advisors Added +96,059+96.1k
MORGAN STANLEY Added +83,922+83.9k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +76,570+76.6k
ASSETMARK, INC Added +75,684+75.7k
Systelligence, LLC New +70,209+70.2k

Biggest sellers

ENVESTNET ASSET MANAGEMENT INC Reduced -194,635-194.6k
Cerity Partners LLC Reduced -166,422-166.4k
WELLINGTON MANAGEMENT GROUP LLP Reduced -115,093-115.1k
WoodTrust Financial Corp Sold out -112,333-112.3k
TIAA TRUST, NATIONAL ASSOCIATION Reduced -97,790-97.8k
Cetera Investment Advisers Reduced -57,463-57.5k
JPMORGAN CHASE & CO Reduced -50,600-50.6k
Clayton Financial Group LLC Reduced -49,406-49.4k
Roberts Financial Services LLC Reduced -49,128-49.1k
Penserra Capital Management LLC Sold out -44,049-44.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.6m16.2k shares
CITADEL ADVISORS LLC Added $511.9k1.8k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.8m6.2k shares
CITADEL ADVISORS LLC Added $369.7k1.3k 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, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.12% of their portfolio TORONTO, A6 4,216,9864.2m $1.2bn $1.2bn 0.12% Added +1.2m +1,185,491
2 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 2,856,6082.9m $812.4m $812.4m 0.05% Added +83.9k +83,922
3 ASSETMARK, INC 1.65% of their portfolio CONCORD, CA 2,458,1672.5m $699.1m $699.1m 1.65% Added +75.7k +75,684
4 BANK OF AMERICA CORP /DE/ 0.05% of their portfolio CHARLOTTE, NC 2,001,9392.0m $569.3m $569.3m 0.05% Reduced -25.7k -25,682
5 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 1,492,4501.5m $424.4m $424.4m 0.09% Added +66.5k +66,493
6 EP Wealth Advisors, LLC 2.30% of their portfolio TORRANCE, CA 1,229,5521.2m $349.7m $349.7m 2.30% Added +167.7k +167,722
7 UBS Group AG 0.07% of their portfolio ZURICH, V8 1,136,9801.1m $323.3m $323.3m 0.07% Added +16.0k +16,001
8 PNC Financial Services Group, Inc. 0.20% of their portfolio Pittsburgh, PA 1,098,7151.1m $312.5m $312.5m 0.20% Reduced -34.5k -34,543
9 Truepoint, Inc. 7.34% of their portfolio CINCINNATI, OH 1,036,1031.0m $294.7m $294.7m 7.34% Added +13.1k +13,147
10 Rockefeller Capital Management L.P. 0.27% of their portfolio NEW YORK, NY 803,202803.2k $228.4m $228.4m 0.27% Added +375.3k +375,307
11 JONES FINANCIAL COMPANIES LLLP 0.16% of their portfolio DES PERES, MO 767,631767.6k $216.8m $216.8m 0.16% Added +44.0k +44,027
12 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 743,504743.5k $211.4m $211.4m 0.07% Added +69.3k +69,347
13 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.15% of their portfolio MILWAUKEE, WI 716,101716.1k $203.7m $203.7m 0.15% Added +76.6k +76,570
14 TIAA TRUST, NATIONAL ASSOCIATION 0.48% of their portfolio CHARLOTTE, NC 653,635653.6k $185.9m $185.9m 0.48% Reduced -97.8k -97,790
15 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 637,002637.0k $181.1m $181.1m 0.05% Reduced -194.6k -194,635
16 MONETA GROUP INVESTMENT ADVISORS LLC 2.02% of their portfolio ST LOUIS, MO 597,195597.2k $169.8m $169.8m 2.02% Added +99.8k +99,760
17 STIFEL FINANCIAL CORP 0.13% of their portfolio ST. LOUIS, MO 465,109465.1k $132.3m $132.3m 0.13% Added +6.7k +6,699
18 COMMONWEALTH EQUITY SERVICES, LLC 0.15% of their portfolio WALTHAM, MA 392,190392.2k $111.5m $111.5m 0.15% Reduced -22.3k -22,263
19 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 391,079391.1k $111.2m $111.2m 0.04% Added +19.4k +19,379
20 STEPHENS GROUP ASSET MANAGEMENT, LLC 7.78% of their portfolio LITTLE ROCK, AR 380,178380.2k $108.1m $108.1m 7.78% Added +32.4k +32,362
21 Avior Wealth Management, LLC 3.50% of their portfolio OMAHA, NE 356,256356.3k $101.3m $101.3m 3.50% Reduced -3.6k -3,595
22 OSAIC HOLDINGS, INC. 0.16% of their portfolio SCOTTSDALE, AZ 336,851336.9k $88.5m $88.5m 0.16% Added +221.2k +221,155
23 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 294,253294.3k $83.6m $83.6m 0.02% Reduced -26.4k -26,410
24 TRUIST FINANCIAL CORP 0.11% of their portfolio CHARLOTTE, NC 257,550257.6k $73.2m $73.2m 0.11% Reduced -18.8k -18,794
25 Waverly Advisors, LLC 0.80% of their portfolio BIRMINGHAM, AL 257,449257.4k $73.2m $73.2m 0.80% Reduced -8.9k -8,909
26 FMR LLC 0.00% of their portfolio BOSTON, MA 252,660252.7k $71.9m $71.9m 0.00% Added +490 +490
27 Orgel Wealth Management, LLC 1.52% of their portfolio ALTOONA, WI 221,110221.1k $62.9m $62.9m 1.52% Added +13.1k +13,116
28 McAdam, LLC 2.90% of their portfolio Philadelphia, PA 186,310186.3k $53.0m $53.0m 2.90% Added +5.2k +5,183
29 Equitable Holdings, Inc. 0.42% of their portfolio NEW YORK, NY 180,588180.6k $51.4m $51.4m 0.42% Reduced -6.4k -6,375
30 Private Advisor Group, LLC 0.27% of their portfolio MORRISTOWN, NJ 176,802176.8k $50.3m $50.3m 0.27% Added +3.5k +3,508
31 BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio PARIS, I0 173,203173.2k $49.3m $49.3m 0.04% Added +15.8k +15,839
32 Cetera Investment Advisers 0.08% of their portfolio SCHAUMBURG, IL 165,395165.4k $47.0m $47.0m 0.08% Reduced -57.5k -57,463
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 159,128159.1k $45.3m $45.3m 0.00% Reduced -50.6k -50,600
34 Mariner, LLC 0.06% of their portfolio Overland Park, KS 153,983154.0k $43.8m $43.8m 0.06% Reduced -975 -975
35 MML INVESTORS SERVICES, LLC 0.12% of their portfolio SPRINGFIELD, MA 151,479151.5k $43.1m $43.1m 0.12% Reduced -3.5k -3,524
36 Trust Co 4.79% of their portfolio MANHATTAN, KS 149,104149.1k $42.4m $42.4m 4.79% Reduced -9.9k -9,860
37 1832 Asset Management L.P. 0.07% of their portfolio TORONTO, A6 147,242147.2k $41.9m $41.9m 0.07% Reduced -5.5k -5,456
38 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.07% of their portfolio PLYMOUTH, MN 145,843145.8k $41.8m $41.8m 0.07% Added +4.7k +4,715
39 Kestra Advisory Services, LLC 0.19% of their portfolio AUSTIN, TX 135,595135.6k $38.6m $38.6m 0.19% Added +39.2k +39,215
40 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 133,845133.8k $38.1m $38.1m 0.03% Reduced -4.7k -4,668
41 KWMG, LLC 3.57% of their portfolio OVERLAND PARK, KS 133,762133.8k $38.0m $38.0m 3.57% Added +2.1k +2,068
42 Wilmington Savings Fund Society, FSB 0.67% of their portfolio WILMINGTON, DE 132,183132.2k $37.6m $37.6m 0.67% Added +14.9k +14,907
43 Adventist Health System/ West 5.54% of their portfolio Roseville, CA 131,150131.2k $37.3m $37.3m 5.54% Unchanged
44 NewEdge Advisors, LLC 0.19% of their portfolio NEW ORLEANS, LA 128,162128.2k $36.4m $36.4m 0.19% Added +3.5k +3,484
45 HighTower Advisors, LLC 0.05% of their portfolio CHICAGO, IL 126,470126.5k $36.0m $36.0m 0.05% Added +13.9k +13,856
46 US BANCORP \DE\ 0.04% of their portfolio MINNEAPOLIS, MN 114,342114.3k $32.5m $32.5m 0.04% Added +15.2k +15,220
47 World Investment Advisors 0.72% of their portfolio LINCROFT, NJ 111,205111.2k $31.6m $31.6m 0.72% Added +96.1k +96,059
48 Cassaday & Co Wealth Management LLC 0.76% of their portfolio MCLEAN, VA 106,479106.5k $30.3m $30.3m 0.76% Reduced -3.6k -3,607
49 Bragg Financial Advisors, Inc 1.06% of their portfolio CHARLOTTE, NC 103,948103.9k $29.6m $29.6m 1.06% Added +945 +945
50 BENJAMIN EDWARDS INC 0.37% of their portfolio Clayton, MO 103,550103.5k $29.4m $29.4m 0.37% Added +2.4k +2,355
51 Wealthspire Advisors, LLC 0.16% of their portfolio NEW YORK, NY 102,622102.6k $29.2m $29.2m 0.16% Reduced -13.3k -13,326
52 Bryn Mawr Trust Advisors, LLC 1.57% of their portfolio PHILADELPHIA, PA 101,136101.1k $28.8m $28.8m 1.57% Added +6.3k +6,309
53 Rodgers & Associates, LTD 2.96% of their portfolio Lancaster, PA 94,58394.6k $26.9m $26.9m 2.96% Added +3.2k +3,236
54 BHK Investment Advisors, LLC 9.85% of their portfolio BIRMINGHAM, AL 88,46088.5k $25.2m $25.2m 9.85% Reduced -760 -760
55 AIRE ADVISORS, LLC 4.75% of their portfolio BEVERLY HILLS, CA 86,16886.2k $24.5m $24.5m 4.75% Reduced -1.0k -1,023
56 Dakota Wealth Management 0.51% of their portfolio PALM BEACH GARDENS, FL 85,68885.7k $24.4m $24.4m 0.51% Added +5.9k +5,883
57 PRESILIUM PRIVATE WEALTH, LLC 4.94% of their portfolio RADNOR, PA 84,97685.0k $24.2m $24.2m 4.94% Reduced -1.2k -1,167
58 NATIXIS ADVISORS, LLC 0.04% of their portfolio Boston, MA 83,91883.9k $23.9m $23.9m 0.04% Added +1.2k +1,219
59 Beacon Pointe Advisors, LLC 0.25% of their portfolio NEWPORT BEACH, CA 83,08783.1k $23.6m $23.6m 0.25% Added +2.2k +2,201
60 Betterment LLC 0.05% of their portfolio NEW YORK, NY 82,99383.0k $23.6m $23.6m 0.05% Added +3.2k +3,225
61 Praetorian Wealth Management, Inc. 5.37% of their portfolio CARMEL, CA 82,05982.1k $23.3m $23.3m 5.37% Reduced -15.5k -15,474
62 CONDOR CAPITAL MANAGEMENT 1.94% of their portfolio MARTINSVILLE, NJ 78,80278.8k $22.4m $22.4m 1.94% Reduced -776 -776
63 Glenview Trust Co 0.38% of their portfolio Louisville, KY 77,44477.4k $22.0m $22.0m 0.38% Added +8.3k +8,341
64 Baird Financial Group, Inc. 0.04% of their portfolio MILWAUKEE, WI 76,28676.3k $21.7m $21.7m 0.04% Reduced -5.8k -5,756
65 MAI Capital Management 0.15% of their portfolio INDEPENDENCE, OH 75,19075.2k $21.4m $21.4m 0.15% Added +2.5k +2,524
66 CARY STREET PARTNERS FINANCIAL LLC 0.57% of their portfolio RICHMOND, VA 71,78971.8k $20.4m $20.4m 0.57% Added +40.6k +40,615
67 CWM, LLC 0.07% of their portfolio OMAHA, NE 70,44270.4k $20.0m $20.0m 0.07% Added +30.6k +30,578
68 Systelligence, LLC 3.69% of their portfolio BLOOMINGTON, MN 70,20970.2k $20.0m $20.0m 3.69% New
69 Total Wealth Planning, LLC 2.34% of their portfolio CINCINNATI, OH 65,14865.1k $18.5m $18.5m 2.34% Added +1.3k +1,288
70 Janney Montgomery Scott LLC 0.05% of their portfolio PHILADELPHIA, PA 64,82564.8k $18.4m $18.4m 0.05% Reduced -10.8k -10,757
71 Belpointe Asset Management LLC 0.72% of their portfolio RENO, NV 60,97061.0k $17.3m $17.3m 0.72% Added +50.2k +50,210
72 Black Diamond Financial, LLC 2.64% of their portfolio TOWSON, MD 59,73259.7k $17.0m $17.0m 2.64% Reduced -6.9k -6,857
73 &PARTNERS 0.13% of their portfolio NASHVILLE, TN 58,86258.9k $16.7m $16.7m 0.13% Added +12.5k +12,515
74 SYNOVUS FINANCIAL CORP 0.20% of their portfolio Columbus, GA 58,04558.0k $16.5m $16.5m 0.20% Reduced -1.4k -1,423
75 Roberts Financial Services LLC 5.68% of their portfolio MARQUETTE, MI 57,91757.9k $16.5m $16.5m 5.68% Reduced -49.1k -49,128
76 BLAIR WILLIAM & CO/IL 0.04% of their portfolio CHICAGO, IL 56,31456.3k $16.0m $16.0m 0.04% Added +12.9k +12,892
77 Eagle Strategies LLC 2.43% of their portfolio NEW YORK, NY 55,97256.0k $15.9m $15.9m 2.43% Added +1.7k +1,721
78 Marion Wealth Management 3.93% of their portfolio MONROEVILLE, PA 55,20155.2k $15.7m $15.7m 3.93% Added +1.5k +1,537
79 Opes Wealth Management LLC 2.72% of their portfolio MENLO PARK, CA 53,94053.9k $15.3m $15.3m 2.72% Added +2.8k +2,845
80 Strategic Investment Advisors / MI 1.42% of their portfolio FARMINGTON HILLS, MI 51,29151.3k $14.6m $14.6m 1.42% Added +4.4k +4,353
81 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 50,69250.7k $14.4m $14.4m 0.00% Reduced -115.1k -115,093
82 Davis Investment Partners, LLC 5.11% of their portfolio CHARLOTTE, NC 50,48250.5k $14.3m $14.3m 5.11% Reduced -1.3k -1,255
83 INDEPENDENT FINANCIAL GROUP, LLC 0.38% of their portfolio SAN DIEGO, CA 48,92248.9k $13.9m $13.9m 0.38% Added +1.3k +1,289
84 Avantax Planning Partners, Inc. 0.44% of their portfolio DUBUQUE, IA 48,89748.9k $13.9m $13.9m 0.44% Added +19.1k +19,126
85 Steward Partners Investment Advisory, LLC 0.11% of their portfolio STAMFORD, CT 47,70747.7k $13.6m $13.6m 0.11% Added +616 +616
86 First Horizon Advisors, Inc. 0.35% of their portfolio MEMPHIS, TN 47,67747.7k $13.6m $13.6m 0.35% Reduced -3.3k -3,299
87 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 47,15147.2k $13.4m $13.4m 0.03% Reduced -700 -700
88 COMMERCE BANK 0.08% of their portfolio KANSAS CITY, MO 47,03747.0k $13.4m $13.4m 0.08% Reduced -494 -494
89 Compton Wealth Advisory Group, LLC 3.38% of their portfolio VIRGINIA BEACH, VA 46,92146.9k $13.3m $13.3m 3.38% Added +525 +525
90 LMCG INVESTMENTS, LLC 0.82% of their portfolio BOSTON, MA 46,27046.3k $13.2m $13.2m 0.82% Reduced -1.5k -1,484
91 Allworth Financial LP 0.06% of their portfolio FOLSOM, CA 45,38245.4k $12.9m $12.9m 0.06% Added +778 +778
92 SWAN Capital LLC 5.58% of their portfolio PENSACOLA, FL 45,14745.1k $12.8m $12.8m 5.58% Added +20.3k +20,285
93 Robertson Stephens Wealth Management, LLC 0.44% of their portfolio San Francisco, CA 44,85744.9k $12.8m $12.8m 0.44% Added +404 +404
94 GHP Investment Advisors, Inc. 0.56% of their portfolio Denver, CO 44,68044.7k $12.7m $12.7m 0.56% Reduced -426 -426
95 ARVEST INVESTMENTS, INC. 1.89% of their portfolio LOWELL, AR 44,11844.1k $12.5m $12.5m 1.89% Reduced -803 -803
96 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 43,56543.6k $12.4m $12.4m 0.04% Added +1.8k +1,758
97 HIGHLAND CAPITAL MANAGEMENT, LLC 0.67% of their portfolio MEMPHIS, TN 43,48943.5k $12.4m $12.4m 0.67% Reduced -340 -340
98 Advisory Alpha, LLC 0.38% of their portfolio HOLLAND, MI 42,93342.9k $12.2m $12.2m 0.38% Added +1.5k +1,494
99 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 42,38942.4k $12.1m $12.1m 0.04% Reduced -29.3k -29,269
100 Payne Capital Management, LLC 4.63% of their portfolio New York, NY 42,28842.3k $12.0m $12.0m 4.63% Reduced -128 -128