Vault-13

VANGUARD INDEX FDS VOT

MCAP GR IDXVIP · ETP · CUSIP 922908538

1,078 institutional holders +55 vs Q3 2025
38,294,30038.3m shares reported held*
$10.7bnreported value*
79 new 388 added 323 reduced 58 sold out net bought ≈ $308.7m (+1.1m 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 ($16.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $278.37. Options: 3 managers hold calls ($13.5m notional), 3 hold puts ($11.9m).

Trends to Q4 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: 1,015Q3 25: 1,023Q4 25: 1,0781,078Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 20251,023
Q4 20251,078

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 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 25Q3 25: 432 bought or addedQ3 25: 362 cut or sold outQ4 25: 467 bought or addedQ4 25: 381 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024373334
Q2 2024370334
Q3 2024416282
Q4 2024392328
Q1 2025433381
Q2 2025412386
Q3 2025432362
Q4 2025467381

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 25 calls: $4.4mQ1 25 puts: $1.2mQ1 25P/C 0.27Q2 25 calls: $5.1mQ2 25 puts: $2.1mQ2 25P/C 0.42Q3 25 calls: $4.4mQ3 25 puts: $2.1mQ3 25P/C 0.49Q4 25 calls: $13.5mQ4 25 puts: $11.9mQ4 25P/C 0.88
Numbers
QuarterCallsPutsP/C
Q1 2025$4.4m$1.2m0.27
Q2 2025$5.1m$2.1m0.42
Q3 2025$4.4m$2.1m0.49
Q4 2025$13.5m$11.9m0.88

Biggest buyers

Busey Bank Added +235,362+235.4k
BANK OF AMERICA CORP /DE/ Added +175,387+175.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +163,438+163.4k
CIBC Private Wealth Group LLC Added +151,715+151.7k
RAYMOND JAMES FINANCIAL INC Added +108,818+108.8k
Corient Private Wealth LP Added +90,549+90.5k
JONES FINANCIAL COMPANIES LLLP Added +76,421+76.4k
ASSETMARK, INC Added +61,388+61.4k
AMERIPRISE FINANCIAL INC Added +60,230+60.2k
CWM, LLC Added +59,536+59.5k

Biggest sellers

ROYAL BANK OF CANADA Reduced -196,531-196.5k
JPMORGAN CHASE & CO Reduced -153,035-153.0k
OSAIC HOLDINGS, INC. Reduced -150,477-150.5k
Systelligence, LLC Sold out -71,363-71.4k
Total Wealth Planning, LLC Reduced -60,927-60.9k
Ocean Park Asset Management, LLC Reduced -60,007-60.0k
BNP PARIBAS FINANCIAL MARKETS Reduced -54,513-54.5k
Wealthspire Advisors, LLC Reduced -49,246-49.2k
Capitolis Liquid Global Markets LLC Sold out -26,100-26.1k
Spire Wealth Management Reduced -24,992-25.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.6m27.2k shares
Tidal Investments LLC New $5.6m20.2k shares
JANE STREET GROUP, LLC New $251.2k900 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.8m20.8k shares
Tidal Investments LLC New $5.6m20.2k shares
Cresset Asset Management, LLC New $474.5k1.7k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 2,972,1643.0m $829.7m $829.7m 0.05% Added +43.4k +43,368
2 ASSETMARK, INC 1.26% of their portfolio CONCORD, CA 2,218,3782.2m $619.2m $619.2m 1.26% Added +61.4k +61,388
3 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 2,102,8482.1m $587.0m $587.0m 0.04% Added +175.4k +175,387
4 ROYAL BANK OF CANADA 0.09% of their portfolio TORONTO, A6 1,777,7961.8m $496.3m $496.3m 0.09% Reduced -196.5k -196,531
5 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 1,615,2931.6m $450.9m $450.9m 0.09% Added +40.3k +40,251
6 EP Wealth Advisors, LLC 2.04% of their portfolio TORRANCE, CA 1,405,3441.4m $392.3m $392.3m 2.04% First filing
7 PNC Financial Services Group, Inc. 0.17% of their portfolio Pittsburgh, PA 1,104,0591.1m $308.2m $308.2m 0.17% Reduced -11.8k -11,797
8 Truepoint, Inc. 6.71% of their portfolio CINCINNATI, OH 1,068,5741.1m $298.3m $298.3m 6.71% Added +25.8k +25,761
9 UBS Group AG 0.06% of their portfolio ZURICH, V8 1,060,1481.1m $295.9m $295.9m 0.06% Reduced -10.4k -10,431
10 VANTAGEPOINT INVESTMENT ADVISERS LLC 2.21% of their portfolio WASHINGTON, DC 984,312984.3k $274.8m $274.8m 2.21% Added +47.7k +47,735
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.16% of their portfolio MILWAUKEE, WI 902,235902.2k $251.8m $251.8m 0.16% Added +163.4k +163,438
12 JONES FINANCIAL COMPANIES LLLP 0.15% of their portfolio DES PERES, MO 882,883882.9k $246.4m $246.4m 0.15% Added +76.4k +76,421
13 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 876,401876.4k $244.6m $244.6m 0.07% Added +55.7k +55,656
14 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 675,777675.8k $188.6m $188.6m 0.06% Added +24.7k +24,728
15 MONETA GROUP INVESTMENT ADVISORS LLC 1.42% of their portfolio ST LOUIS, MO 672,555672.6k $187.7m $187.7m 1.42% Added +51.3k +51,255
16 TIAA TRUST, NATIONAL ASSOCIATION 0.41% of their portfolio CHARLOTTE, NC 612,630612.6k $171.0m $171.0m 0.41% Reduced -12.3k -12,302
17 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 555,289555.3k $155.0m $155.0m 0.05% Added +108.8k +108,818
18 STIFEL FINANCIAL CORP 0.13% of their portfolio ST. LOUIS, MO 504,141504.1k $140.7m $140.7m 0.13% Added +23.0k +22,982
19 STEPHENS GROUP ASSET MANAGEMENT, LLC 8.48% of their portfolio LITTLE ROCK, AR 454,773454.8k $126.9m $126.9m 8.48% Added +7.0k +7,008
20 Rockefeller Capital Management L.P. 0.21% of their portfolio NEW YORK, NY 424,430424.4k $118.5m $118.5m 0.21% Reduced -2.8k -2,811
21 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 363,929363.9k $101.6m $101.6m 0.02% Added +60.2k +60,230
22 Avior Wealth Management, LLC 3.04% of their portfolio OMAHA, NE 349,157349.2k $97.4m $97.4m 3.04% Added +5.6k +5,566
23 COMMONWEALTH EQUITY SERVICES, LLC 0.12% of their portfolio WALTHAM, MA 332,626332.6k $92.8m $92.8m 0.12% Reduced -24.7k -24,694
24 TRUIST FINANCIAL CORP 0.11% of their portfolio CHARLOTTE, NC 281,923281.9k $78.7m $78.7m 0.11% Added +22.5k +22,508
25 FMR LLC 0.00% of their portfolio BOSTON, MA 250,251250.3k $69.9m $69.9m 0.00% Added +1.1k +1,068
26 Waverly Advisors, LLC 0.56% of their portfolio BIRMINGHAM, AL 249,113249.1k $69.5m $69.5m 0.56% Reduced -4.5k -4,473
27 Busey Bank 1.77% of their portfolio URBANA, IL 240,737240.7k $67.2m $67.2m 1.77% Added +235.4k +235,362
28 Cetera Investment Advisers 0.07% of their portfolio SCHAUMBURG, IL 224,545224.5k $62.7m $62.7m 0.07% Added +1.7k +1,693
29 Orgel Wealth Management, LLC 1.33% of their portfolio ALTOONA, WI 215,245215.2k $60.1m $60.1m 1.33% Reduced -4.2k -4,208
30 McAdam, LLC 2.60% of their portfolio Philadelphia, PA 203,205203.2k $56.7m $56.7m 2.60% Added +9.6k +9,583
31 Equitable Holdings, Inc. 0.36% of their portfolio NEW YORK, NY 186,801186.8k $52.1m $52.1m 0.36% Added +4.6k +4,639
32 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 182,929182.9k $51.1m $51.1m 0.06% Added +56.5k +56,533
33 Private Advisor Group, LLC 0.24% of their portfolio MORRISTOWN, NJ 181,462181.5k $50.7m $50.7m 0.24% Added +2.3k +2,332
34 CIBC Private Wealth Group LLC 0.08% of their portfolio ATLANTA, GA 174,148174.1k $48.6m $48.6m 0.08% Added +151.7k +151,715
35 Mariner, LLC 0.06% of their portfolio Overland Park, KS 170,336170.3k $47.5m $47.5m 0.06% Added +7.4k +7,418
36 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 168,066168.1k $44.0m $44.0m 0.03% Added +90.5k +90,549
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 165,013165.0k $46.1m $46.1m 0.00% Reduced -153.0k -153,035
38 MML INVESTORS SERVICES, LLC 0.11% of their portfolio SPRINGFIELD, MA 161,397161.4k $45.1m $45.1m 0.11% Added +1.0k +1,003
39 BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio PARIS, I0 161,214161.2k $45.0m $45.0m 0.03% Reduced -54.5k -54,513
40 OSAIC HOLDINGS, INC. 0.06% of their portfolio SCOTTSDALE, AZ 158,280158.3k $44.2m $44.2m 0.06% Reduced -150.5k -150,477
41 Trust Co 4.04% of their portfolio MANHATTAN, KS 154,389154.4k $43.1m $43.1m 4.04% Added +3.5k +3,511
42 1832 Asset Management L.P. 0.05% of their portfolio TORONTO, A6 152,879152.9k $42.7m $42.7m 0.05% Added +6.5k +6,547
43 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 149,851149.9k $43.3m $43.3m 0.06% Added +2.6k +2,560
44 NewEdge Advisors, LLC 0.15% of their portfolio NEW ORLEANS, LA 145,233145.2k $40.5m $40.5m 0.15% Added +5.3k +5,292
45 Kestra Advisory Services, LLC 0.16% of their portfolio AUSTIN, TX 143,255143.3k $40.0m $40.0m 0.16% Added +17.1k +17,070
46 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 138,561138.6k $38.7m $38.7m 0.03% Reduced -12 -12
47 KWMG, LLC 3.32% of their portfolio OVERLAND PARK, KS 137,813137.8k $38.5m $38.5m 3.32% Added +2.0k +1,981
48 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 133,573133.6k $37.3m $37.3m 0.04% Added +1.1k +1,080
49 CWM, LLC 0.10% of their portfolio OMAHA, NE 131,898131.9k $36.8m $36.8m 0.10% Added +59.5k +59,536
50 Wilmington Savings Fund Society, FSB 0.76% of their portfolio WILMINGTON, DE 115,759115.8k $32.3m $32.3m 0.76% Reduced -2.7k -2,723
51 BENJAMIN EDWARDS INC 0.35% of their portfolio Clayton, MO 113,656113.7k $31.7m $31.7m 0.35% Added +6.9k +6,903
52 WoodTrust Financial Corp 3.55% of their portfolio WISCONSIN RAPIDS, WI 109,078109.1k $30.4m $30.4m 3.55% Added +375 +375
53 Bragg Financial Advisors, Inc 0.99% of their portfolio CHARLOTTE, NC 108,818108.8k $30.4m $30.4m 0.99% Added +5.1k +5,054
54 Glenview Trust Co 0.46% of their portfolio Louisville, KY 106,471106.5k $29.7m $29.7m 0.46% Added +6.4k +6,442
55 Cassaday & Co Wealth Management LLC 0.62% of their portfolio MCLEAN, VA 104,768104.8k $29.2m $29.2m 0.62% Reduced -1.2k -1,164
56 Bryn Mawr Trust Advisors, LLC 1.38% of their portfolio PHILADELPHIA, PA 102,874102.9k $28.7m $28.7m 1.38% Reduced -765 -765
57 Farther Finance Advisors, LLC 0.30% of their portfolio SAN FRANCISCO, CA 101,398101.4k $28.3m $28.3m 0.30% Added +28.4k +28,437
58 Rodgers & Associates, LTD 2.75% of their portfolio Lancaster, PA 97,28597.3k $27.2m $27.2m 2.75% Added +2.9k +2,946
59 Adventist Health System/ West 4.54% of their portfolio Roseville, CA 96,76896.8k $27.0m $27.0m 4.54% Unchanged
60 Align Financial, LLC 0.06% of their portfolio HERMANTOWN, MN 96,58296.6k $96.6k $96.6k 0.06% First filing
61 BHK Investment Advisors, LLC 8.82% of their portfolio BIRMINGHAM, AL 96,15496.2k $26.8m $26.8m 8.82% Added +10.1k +10,097
62 CARY STREET PARTNERS FINANCIAL LLC 0.66% of their portfolio RICHMOND, VA 95,21995.2k $26.6m $26.6m 0.66% Added +19.4k +19,360
63 PRESILIUM PRIVATE WEALTH, LLC 4.77% of their portfolio RADNOR, PA 93,54893.5k $26.1m $26.1m 4.77% Added +7.3k +7,253
64 Dakota Wealth Management 0.46% of their portfolio PALM BEACH GARDENS, FL 92,58792.6k $25.8m $25.8m 0.46% Added +6.1k +6,129
65 AIRE ADVISORS, LLC 4.44% of their portfolio BEVERLY HILLS, CA 87,07587.1k $24.3m $24.3m 4.44% Added +413 +413
66 Betterment LLC 0.05% of their portfolio NEW YORK, NY 86,43586.4k $24.1m $24.1m 0.05% Added +1.9k +1,896
67 Black Diamond Financial, LLC 2.46% of their portfolio TOWSON, MD 83,42983.4k $23.3m $23.3m 2.46% Added +5.1k +5,119
68 Praetorian Wealth Management, Inc. 4.60% of their portfolio CARMEL, CA 83,09683.1k $23.2m $23.2m 4.60% Added +746 +746
69 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 82,78082.8k $23.1m $23.1m 0.03% Added +1.0k +1,023
70 Associated Banc-Corp 0.57% of their portfolio Green Bay, WI 80,17580.2k $22.4m $22.4m 0.57% Added +41.9k +41,891
71 MAI Capital Management 0.12% of their portfolio INDEPENDENCE, OH 75,34475.3k $21.0m $21.0m 0.12% Reduced -1.2k -1,226
72 Beacon Pointe Advisors, LLC 0.14% of their portfolio NEWPORT BEACH, CA 72,21272.2k $20.2m $20.2m 0.14% Added +1.3k +1,294
73 CONDOR CAPITAL MANAGEMENT 1.61% of their portfolio MARTINSVILLE, NJ 71,43771.4k $19.9m $19.9m 1.61% Reduced -1.8k -1,776
74 BLAIR WILLIAM & CO/IL 0.05% of their portfolio CHICAGO, IL 65,82465.8k $18.4m $18.4m 0.05% Added +17.2k +17,218
75 IFP Advisors, Inc 0.41% of their portfolio TAMPA, FL 65,25765.3k $18.2m $18.2m 0.41% Added +1.5k +1,544
76 &PARTNERS 0.09% of their portfolio NASHVILLE, TN 64,36964.4k $18.0m $18.0m 0.09% Added +2.7k +2,730
77 Pinnacle Financial Partners, Inc. 0.14% of their portfolio ATLANTA, GA 63,94563.9k $17.9m $17.9m 0.14% First filing
78 Focus Partners Wealth 0.02% of their portfolio ST LOUIS, MO 62,22762.2k $17.4m $17.4m 0.02% Added +5.0k +5,031
79 Janney Montgomery Scott LLC 0.04% of their portfolio PHILADELPHIA, PA 61,41161.4k $17.1m $17.1m 0.04% Added +3.6k +3,641
80 Roberts Financial Services LLC 5.18% of their portfolio MARQUETTE, MI 59,12259.1k $16.5m $16.5m 5.18% Added +1.2k +1,208
81 Eagle Strategies LLC 2.08% of their portfolio NEW YORK, NY 58,27658.3k $16.3m $16.3m 2.08% Added +1.7k +1,735
82 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 57,92557.9k $16.2m $16.2m 0.03% Added +1.1k +1,068
83 INDEPENDENT FINANCIAL GROUP, LLC 0.35% of their portfolio SAN DIEGO, CA 56,83456.8k $15.9m $15.9m 0.35% Added +7.3k +7,261
84 Marion Wealth Management 3.49% of their portfolio MONROEVILLE, PA 55,65855.7k $15.7m $15.7m 3.49% Added +1.2k +1,179
85 Opes Wealth Management LLC 2.62% of their portfolio MENLO PARK, CA 55,34555.3k $15.4m $15.4m 2.62% Added +805 +805
86 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 53,23953.2k $14.9m $14.9m 0.04% Added +8.0k +7,961
87 Wealthspire Advisors, LLC 0.12% of their portfolio NEW YORK, NY 52,48052.5k $14.6m $14.6m 0.12% Reduced -49.2k -49,246
88 Steward Partners Investment Advisory, LLC 0.08% of their portfolio STAMFORD, CT 51,50151.5k $14.4m $14.4m 0.08% Reduced -13.7k -13,698
89 FIFTH THIRD BANCORP 0.05% of their portfolio CINCINNATI, OH 51,34451.3k $14.3m $14.3m 0.05% Added +4.2k +4,189
90 Clayton Financial Group LLC 7.28% of their portfolio ST. LOUIS, MO 51,12451.1k $14.3m $14.3m 7.28% Added +8.9k +8,855
91 Axiom Financial Strategies, LLC 5.91% of their portfolio NEW ALBANY, IN 50,30450.3k $14.0m $14.0m 5.91% Added +1.2k +1,176
92 Payne Capital Management, LLC 4.37% of their portfolio New York, NY 49,57449.6k $13.8m $13.8m 4.37% Added +1.1k +1,090
93 COMMERCE BANK 0.08% of their portfolio KANSAS CITY, MO 49,45149.5k $13.8m $13.8m 0.08% Added +1.7k +1,728
94 Meramec Financial Planners, LLC 5.18% of their portfolio SAINT LOUIS, MO 48,54648.5k $13.3m $13.3m 5.18% First filing
95 Davis Investment Partners, LLC 4.69% of their portfolio CHARLOTTE, NC 47,66947.7k $13.4m $13.4m 4.69% Reduced -2.6k -2,587
96 Strategic Investment Advisors / MI 1.15% of their portfolio FARMINGTON HILLS, MI 47,54847.5k $13.3m $13.3m 1.15% Added +2.3k +2,278
97 Belpointe Asset Management LLC 0.47% of their portfolio RENO, NV 46,90746.9k $13.1m $13.1m 0.47% Reduced -22.0k -22,017
98 Robertson Stephens Wealth Management, LLC 0.37% of their portfolio San Francisco, CA 46,55146.6k $13.0m $13.0m 0.37% Added +1.0k +1,018
99 Advisory Alpha, LLC 0.35% of their portfolio HOLLAND, MI 46,48746.5k $13.0m $13.0m 0.35% Added +84 +84
100 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 45,96646.0k $12.8m $12.8m 0.02% Reduced -80 -80