Vault-13

VANGUARD INDEX FDS VBK

SML CP GRW ETF · ETP · CUSIP 922908595

1,103 institutional holders +21 vs Q1 2025
40,827,79840.8m shares reported held*
$11.3bnreported value*
88 new 348 added 420 reduced 72 sold out net bought ≈ $84.3m (+309.2k 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 ($5.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $276.92. Options: 4 managers hold calls ($17.0m notional), 3 hold puts ($12.3m).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 800Q4 22: 854Q1 23: 849Q2 23: 867Q3 23: 874Q4 23: 978Q1 24: 999Q2 24: 984Q3 24: 1,025Q4 24: 1,124Q1 25: 1,082Q2 25: 1,1031,103Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022800
Q4 2022854
Q1 2023849
Q2 2023867
Q3 2023874
Q4 2023978
Q1 2024999
Q2 2024984
Q3 20241,025
Q4 20241,124
Q1 20251,082
Q2 20251,103

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 23: 419 bought or addedQ3 23: 314 cut or sold outQ4 23: 473 bought or addedQ4 23: 307 cut or sold outQ4 23Q1 24: 507 bought or addedQ1 24: 379 cut or sold outQ2 24: 395 bought or addedQ2 24: 435 cut or sold outQ2 24Q3 24: 461 bought or addedQ3 24: 365 cut or sold outQ4 24: 476 bought or addedQ4 24: 377 cut or sold outQ4 24Q1 25: 482 bought or addedQ1 25: 469 cut or sold outQ2 25: 436 bought or addedQ2 25: 492 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 2023419314
Q4 2023473307
Q1 2024507379
Q2 2024395435
Q3 2024461365
Q4 2024476377
Q1 2025482469
Q2 2025436492

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ3 24 calls: $13.7mQ3 24 puts: $7.5mQ3 24P/C 0.55Q4 24 calls: $13.3mQ4 24 puts: $10.2mQ4 24P/C 0.77Q1 25 calls: $11.8mQ1 25 puts: $8.3mQ1 25P/C 0.70Q2 25 calls: $17.0mQ2 25 puts: $12.3mQ2 25P/C 0.72
Numbers
QuarterCallsPutsP/C
Q3 2024$13.7m$7.5m0.55
Q4 2024$13.3m$10.2m0.77
Q1 2025$11.8m$8.3m0.70
Q2 2025$17.0m$12.3m0.72

Biggest buyers

Rockefeller Capital Management L.P. Added +344,267+344.3k
Sand Hill Global Advisors, LLC Added +302,050+302.1k
OSAIC HOLDINGS, INC. Added +122,801+122.8k
BANK OF AMERICA CORP /DE/ Added +97,104+97.1k
STEPHENS INC /AR/ Added +78,652+78.7k
Cetera Investment Advisers Added +78,115+78.1k
Merit Financial Group, LLC Added +75,247+75.2k
Savant Capital, LLC Added +53,943+53.9k
VSM Wealth Advisory, LLC Added +53,305+53.3k
World Investment Advisors Added +51,891+51.9k

Biggest sellers

ROYAL BANK OF CANADA Reduced -417,411-417.4k
Corient Private Wealth LP Reduced -199,175-199.2k
MATHER GROUP, LLC. Reduced -191,239-191.2k
SPC Financial, Inc. Reduced -57,322-57.3k
UBS Group AG Reduced -47,451-47.5k
Vawter Financial, Ltd. Reduced -46,184-46.2k
CONGRESS ASSET MANAGEMENT CO Reduced -44,506-44.5k
FSA Investment Group, LLC Sold out -44,250-44.2k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -31,508-31.5k
Capitolis Liquid Global Markets LLC Sold out -31,200-31.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $7.4m26.9k shares
Cubist Systematic Strategies, LLC Added $6.3m22.6k shares
CITADEL ADVISORS LLC Added $2.6m9.5k shares
Belvedere Trading LLC New $692.4k2.5k shares

Biggest puts

Cubist Systematic Strategies, LLC Added $9.9m35.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.0m7.4k shares
CITADEL ADVISORS LLC Reduced $360.0k1.3k 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 BANK OF AMERICA CORP /DE/ 0.22% of their portfolio CHARLOTTE, NC 9,953,00910.0m $2.8bn $2.8bn 0.22% Added +97.1k +97,104
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 1,881,9721.9m $521.2m $521.2m 0.03% Added +7.7k +7,665
3 ASSETMARK, INC 1.01% of their portfolio CONCORD, CA 1,540,5751.5m $426.6m $426.6m 1.01% Added +26.0k +26,026
4 SEI INVESTMENTS CO 0.30% of their portfolio OAKS, PA 938,777938.8k $260.0m $260.0m 0.30% Added +18.0k +18,001
5 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 867,132867.1k $240.1m $240.1m 0.08% Added +39.3k +39,338
6 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 866,190866.2k $239.9m $239.9m 0.05% Reduced -17.8k -17,783
7 UBS Group AG 0.05% of their portfolio ZURICH, V8 817,759817.8k $226.5m $226.5m 0.05% Reduced -47.5k -47,451
8 Corient Private Wealth LP 0.28% of their portfolio MIAMI, FL 759,313759.3k $210.3m $210.3m 0.28% Reduced -199.2k -199,175
9 JONES FINANCIAL COMPANIES LLLP 0.14% of their portfolio DES PERES, MO 688,885688.9k $190.2m $190.2m 0.14% Added +42.4k +42,379
10 PNC Financial Services Group, Inc. 0.12% of their portfolio Pittsburgh, PA 680,936680.9k $188.6m $188.6m 0.12% Reduced -17.7k -17,677
11 Cohen Klingenstein LLC 6.27% of their portfolio NEW YORK, NY 678,870678.9k $188.0m $188.0m 6.27% Added +110 +110
12 EP Wealth Advisors, LLC 1.17% of their portfolio TORRANCE, CA 642,042642.0k $177.8m $177.8m 1.17% Added +40.3k +40,341
13 Rockefeller Capital Management L.P. 0.21% of their portfolio NEW YORK, NY 635,616635.6k $176.0m $176.0m 0.21% Added +344.3k +344,267
14 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 635,254635.3k $175.9m $175.9m 0.05% Reduced -21.5k -21,452
15 MATHER GROUP, LLC. 1.81% of their portfolio CHICAGO, IL 611,559611.6k $169.4m $169.4m 1.81% Reduced -191.2k -191,239
16 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 570,840570.8k $158.1m $158.1m 0.02% Reduced -417.4k -417,411
17 CHOREO, LLC 1.99% of their portfolio ROCKFORD, IL 513,229513.2k $142.3m $142.3m 1.99% Added +949 +949
18 MONETA GROUP INVESTMENT ADVISORS LLC 1.66% of their portfolio ST LOUIS, MO 502,158502.2k $139.1m $139.1m 1.66% Added +11.8k +11,775
19 TIAA TRUST, NATIONAL ASSOCIATION 0.36% of their portfolio CHARLOTTE, NC 493,193493.2k $136.6m $136.6m 0.36% Added +23.4k +23,418
20 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 443,257443.3k $122.8m $122.8m 0.04% Reduced -20.0k -19,988
21 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 403,922403.9k $111.5m $111.5m 0.03% Reduced -11.2k -11,158
22 Cetera Investment Advisers 0.17% of their portfolio SCHAUMBURG, IL 367,032367.0k $101.6m $101.6m 0.17% Added +78.1k +78,115
23 Wealthspire Advisors, LLC 0.57% of their portfolio NEW YORK, NY 364,162364.2k $100.9m $100.9m 0.57% Reduced -8.9k -8,866
24 RWA WEALTH PARTNERS, LLC 1.24% of their portfolio BOSTON, MA 357,304357.3k $99.0m $99.0m 1.24% Added +23.7k +23,706
25 MML INVESTORS SERVICES, LLC 0.28% of their portfolio SPRINGFIELD, MA 353,707353.7k $98.0m $98.0m 0.28% Reduced -4.5k -4,510
26 HighTower Advisors, LLC 0.12% of their portfolio CHICAGO, IL 338,104338.1k $93.6m $93.6m 0.12% Added +15.6k +15,590
27 Mill Creek Capital Advisors, LLC 1.95% of their portfolio Conshohocken, PA 316,818316.8k $87.7m $87.7m 1.95% Reduced -2.5k -2,460
28 OSAIC HOLDINGS, INC. 0.15% of their portfolio SCOTTSDALE, AZ 314,935314.9k $84.7m $84.7m 0.15% Added +122.8k +122,801
29 Sand Hill Global Advisors, LLC 3.16% of their portfolio Palo Alto, CA 307,165307.2k $85.1m $85.1m 3.16% Added +302.1k +302,050
30 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 295,778295.8k $81.9m $81.9m 0.12% Reduced -858 -858
31 COMMONWEALTH EQUITY SERVICES, LLC 0.10% of their portfolio WALTHAM, MA 270,703270.7k $75.0m $75.0m 0.10% Reduced -31.5k -31,508
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 250,196250.2k $69.3m $69.3m 0.00% Added +27.6k +27,555
33 1832 Asset Management L.P. 0.11% of their portfolio TORONTO, A6 222,653222.7k $61.7m $61.7m 0.11% Added +3.8k +3,758
34 Focus Partners Wealth 0.13% of their portfolio ST LOUIS, MO 222,471222.5k $61.6m $61.6m 0.13% Added +3.8k +3,793
35 Mariner, LLC 0.08% of their portfolio Overland Park, KS 203,119203.1k $56.3m $56.3m 0.08% Added +6.7k +6,701
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.04% of their portfolio MILWAUKEE, WI 197,058197.1k $54.6m $54.6m 0.04% Added +22.5k +22,461
37 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 176,481176.5k $48.9m $48.9m 0.06% Reduced -189 -189
38 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.34% of their portfolio IRVING, TX 153,774153.8k $42.6m $42.6m 0.34% Reduced -2.8k -2,809
39 Summit Financial Strategies, Inc. 3.58% of their portfolio Columbus, OH 139,511139.5k $38.6m $38.6m 3.58% Added +3.2k +3,221
40 Strategies Wealth Advisors, LLC 4.22% of their portfolio GRAND RAPIDS, MI 139,346139.3k $38.6m $38.6m 4.22% Reduced -693 -693
41 Avior Wealth Management, LLC 1.30% of their portfolio OMAHA, NE 135,851135.9k $37.6m $37.6m 1.30% Added +1.2k +1,202
42 STEPHENS INC /AR/ 0.52% of their portfolio LITTLE ROCK, AR 135,834135.8k $37.6m $37.6m 0.52% Added +78.7k +78,652
43 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 134,684134.7k $37.3m $37.3m 0.04% Reduced -3.2k -3,207
44 Rodgers & Associates, LTD 4.02% of their portfolio Lancaster, PA 132,244132.2k $36.6m $36.6m 4.02% Added +6.8k +6,811
45 Bragg Financial Advisors, Inc 1.30% of their portfolio CHARLOTTE, NC 131,313131.3k $36.4m $36.4m 1.30% Added +5.6k +5,588
46 American Financial Advisors, LLC 5.06% of their portfolio Marietta, GA 130,876130.9k $36.2m $36.2m 5.06% Reduced -2.2k -2,185
47 Private Advisor Group, LLC 0.19% of their portfolio MORRISTOWN, NJ 129,646129.6k $35.9m $35.9m 0.19% Added +4.2k +4,160
48 MOSAIC FAMILY WEALTH PARTNERS, LLC 4.26% of their portfolio ST. LOUIS, MO 120,455120.5k $33.4m $33.4m 4.26% Reduced -323 -323
49 Pathstone Holdings, LLC 0.13% of their portfolio ENGLEWOOD, NJ 117,815117.8k $32.6m $32.6m 0.13% Added +2.1k +2,138
50 NewEdge Advisors, LLC 0.17% of their portfolio NEW ORLEANS, LA 115,832115.8k $32.1m $32.1m 0.17% Added +2.0k +1,974
51 One Day In July LLC 2.83% of their portfolio BURLINGTON, VT 113,009113.0k $31.3m $31.3m 2.83% Added +8.1k +8,136
52 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 112,671112.7k $31.2m $31.2m 0.03% Reduced -3.1k -3,060
53 INSPIRION WEALTH ADVISORS, LLC 4.10% of their portfolio LIBERTYVILLE, IL 111,949111.9k $31.0m $31.0m 4.10% Reduced -683 -683
54 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 108,643108.6k $30.1m $30.1m 0.01% Reduced -755 -755
55 Vision Capital Management, Inc. 3.78% of their portfolio PORTLAND, OR 103,739103.7k $28.7m $28.7m 3.78% Added +1.3k +1,349
56 Jentner Corp 7.60% of their portfolio Akron, OH 102,457102.5k $28.4m $28.4m 7.60% Added +2.6k +2,637
57 Brickley Wealth Management 5.43% of their portfolio SAN MATEO, CA 100,272100.3k $27.8m $27.8m 5.43% Added +317 +317
58 Merit Financial Group, LLC 0.30% of their portfolio ALPHARETTA, GA 96,81696.8k $26.8m $26.8m 0.30% Added +75.2k +75,247
59 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 93,88093.9k $26.4m $26.4m 0.04% Reduced -25 -25
60 Waldron Private Wealth LLC 1.13% of their portfolio BRIDGEVILLE, PA 93,19893.2k $25.8m $25.8m 1.13% Reduced -426 -426
61 BHK Investment Advisors, LLC 9.24% of their portfolio BIRMINGHAM, AL 85,21885.2k $23.6m $23.6m 9.24% Added +2.4k +2,446
62 McAdam, LLC 1.22% of their portfolio Philadelphia, PA 80,70380.7k $22.3m $22.3m 1.22% Reduced -367 -367
63 NATIXIS ADVISORS, LLC 0.04% of their portfolio Boston, MA 80,14380.1k $22.2m $22.2m 0.04% Reduced -4.2k -4,197
64 Cresset Asset Management, LLC 0.11% of their portfolio Chicago, IL 79,47379.5k $22.0m $22.0m 0.11% Reduced -10.9k -10,924
65 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 77,74877.7k $21.5m $21.5m 0.00% Added +15.1k +15,092
66 Cambridge Investment Research Advisors, Inc. 0.07% of their portfolio FAIRFIELD, IA 77,34377.3k $21.4m $21.4m 0.07% Reduced -17.6k -17,639
67 Savant Capital, LLC 0.15% of their portfolio ROCKFORD, IL 77,08277.1k $21.3m $21.3m 0.15% Added +53.9k +53,943
68 Beacon Pointe Advisors, LLC 0.22% of their portfolio NEWPORT BEACH, CA 76,69876.7k $21.2m $21.2m 0.22% Added +517 +517
69 COMERICA BANK 0.08% of their portfolio DALLAS, TX 74,51274.5k $20.6m $20.6m 0.08% Added +3.7k +3,741
70 EXENCIAL WEALTH ADVISORS, LLC 0.72% of their portfolio OKLAHOMA CITY, OK 73,71273.7k $20.4m $20.4m 0.72% Added +2.1k +2,124
71 FIFTH THIRD BANCORP 0.07% of their portfolio CINCINNATI, OH 69,88269.9k $19.4m $19.4m 0.07% Reduced -1.6k -1,581
72 Total Wealth Planning, LLC 2.38% of their portfolio CINCINNATI, OH 67,98168.0k $18.8m $18.8m 2.38% Added +3.5k +3,539
73 Partners in Financial Planning 3.40% of their portfolio SALEM, VA 66,56866.6k $18.4m $18.4m 3.40% Added +1.4k +1,389
74 Kestra Advisory Services, LLC 0.09% of their portfolio AUSTIN, TX 66,35766.4k $18.4m $18.4m 0.09% Reduced -4.0k -3,968
75 Whitaker-Myers Wealth Managers, LTD. 4.52% of their portfolio Mansfield, OH 64,83964.8k $18.0m $18.0m 4.52% Added +7.7k +7,720
76 SAGE FINANCIAL GROUP INC 1.31% of their portfolio W. CONSHOHOCKEN, PA 63,85463.9k $17.7m $17.7m 1.31% Added +479 +479
77 Atria Investments, Inc 0.21% of their portfolio Charlotte, NC 62,78962.8k $17.4m $17.4m 0.21% Added +2.8k +2,823
78 Modera Wealth Management, LLC 0.21% of their portfolio WESTWOOD, NJ 62,32562.3k $17.3m $17.3m 0.21% Reduced -2.5k -2,455
79 Asset Management Group, Inc. 2.92% of their portfolio STAMFORD, CT 60,47660.5k $16.7m $16.7m 2.92% Reduced -918 -918
80 Retirement Investment Advisors, Inc. 1.48% of their portfolio OKLAHOMA CITY, OK 59,26359.3k $16.4m $16.4m 1.48% Added +791 +791
81 World Investment Advisors 0.37% of their portfolio LINCROFT, NJ 58,00358.0k $16.1m $16.1m 0.37% Added +51.9k +51,891
82 Aaron Wealth Advisors LLC 1.64% of their portfolio Chicago, IL 57,80157.8k $16.0m $16.0m 1.64% Reduced -297 -297
83 Robinswood Financial LLC 5.47% of their portfolio KIRKLAND, WA 55,79555.8k $15.5m $15.5m 5.47% Reduced -788 -788
84 Adventist Health System/ West 2.29% of their portfolio Roseville, CA 55,72055.7k $15.4m $15.4m 2.29% Unchanged
85 Avantax Planning Partners, Inc. 0.49% of their portfolio DUBUQUE, IA 55,53955.5k $15.4m $15.4m 0.49% Added +18.4k +18,352
86 Gallagher Fiduciary Advisors, LLC 0.59% of their portfolio ROLLING MEADOWS, IL 55,26655.3k $15.3m $15.3m 0.59% Added +2.9k +2,929
87 CIBC Private Wealth Group LLC 0.03% of their portfolio ATLANTA, GA 54,88354.9k $15.2m $15.2m 0.03% Reduced -4.4k -4,433
88 PEAPACK GLADSTONE FINANCIAL CORP 0.21% of their portfolio BEDMINSTER, NJ 54,72254.7k $15.2m $15.2m 0.21% Reduced -1.9k -1,894
89 FMR LLC 0.00% of their portfolio BOSTON, MA 54,69554.7k $15.1m $15.1m 0.00% Reduced -2.4k -2,365
90 CWM, LLC 0.05% of their portfolio OMAHA, NE 54,41554.4k $15.1m $15.1m 0.05% Reduced -2.7k -2,660
91 Pasadena Private Wealth, LLC 2.57% of their portfolio PASADENA, CA 54,24554.2k $15.0m $15.0m 2.57% Added +38 +38
92 VSM Wealth Advisory, LLC 4.22% of their portfolio HUNT VALLEY, MD 53,96154.0k $12.8m $12.8m 4.22% Added +53.3k +53,305
93 QUEST INVESTMENT MANAGEMENT LLC 1.60% of their portfolio LAKE OSWEGO, OR 52,66052.7k $14.6m $14.6m 1.60% Unchanged
94 Quent Capital, LLC 1.40% of their portfolio NEW YORK, NY 52,25352.3k $14.5m $14.5m 1.40% Added +27.4k +27,374
95 STEPHENS GROUP ASSET MANAGEMENT, LLC 1.03% of their portfolio LITTLE ROCK, AR 51,94051.9k $14.4m $14.4m 1.03% Added +8.9k +8,856
96 Steward Partners Investment Advisory, LLC 0.11% of their portfolio STAMFORD, CT 51,65351.7k $14.3m $14.3m 0.11% Added +10.3k +10,283
97 Larson Financial Group LLC 0.57% of their portfolio ST LOUIS, MO 51,46051.5k $14.3m $14.3m 0.57% Reduced -20.6k -20,605
98 RS CRUM INC. 3.42% of their portfolio Newport Beach, CA 51,43951.4k $14.2m $14.2m 3.42% Added +2.4k +2,435
99 PRESILIUM PRIVATE WEALTH, LLC 2.90% of their portfolio RADNOR, PA 51,19251.2k $14.2m $14.2m 2.90% Added +2.1k +2,054
100 BENJAMIN EDWARDS INC 0.18% of their portfolio Clayton, MO 50,99251.0k $14.1m $14.1m 0.18% Added +2.0k +1,978