Vault-13

VANGUARD INDEX FDS VBK

SML CP GRW ETF · ETP · CUSIP 922908595

1,116 institutional holders +13 vs Q2 2025
40,122,99740.1m shares reported held*
$11.9bnreported value*
73 new 410 added 374 reduced 49 sold out net bought ≈ $43.5m (+124.6k 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 ($5.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $297.75. Options: 5 managers hold calls ($13.1m notional), 4 hold puts ($7.7m).

Trends to Q3 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: 1,103Q3 25: 1,1161,116Q3 22Q2 23Q1 24Q4 24Q3 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
Q3 20251,116

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ4 23: 473 bought or addedQ4 23: 307 cut or sold outQ1 24: 507 bought or addedQ1 24: 379 cut or sold outQ1 24Q2 24: 395 bought or addedQ2 24: 435 cut or sold outQ3 24: 461 bought or addedQ3 24: 365 cut or sold outQ3 24Q4 24: 476 bought or addedQ4 24: 377 cut or sold outQ1 25: 482 bought or addedQ1 25: 469 cut or sold outQ1 25Q2 25: 436 bought or addedQ2 25: 492 cut or sold outQ3 25: 483 bought or addedQ3 25: 423 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023473307
Q1 2024507379
Q2 2024395435
Q3 2024461365
Q4 2024476377
Q1 2025482469
Q2 2025436492
Q3 2025483423

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ4 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 0.72Q3 25 calls: $13.1mQ3 25 puts: $7.7mQ3 25P/C 0.59
Numbers
QuarterCallsPutsP/C
Q4 2024$13.3m$10.2m0.77
Q1 2025$11.8m$8.3m0.70
Q2 2025$17.0m$12.3m0.72
Q3 2025$13.1m$7.7m0.59

Biggest buyers

JPMORGAN CHASE & CO Added +236,530+236.5k
Corient Private Wealth LP Added +134,893+134.9k
Cetera Investment Advisers Added +94,031+94.0k
Beacon Pointe Advisors, LLC Added +87,711+87.7k
STEPHENS GROUP ASSET MANAGEMENT, LLC Added +64,966+65.0k
Ocean Park Asset Management, LLC New +53,355+53.4k
MORGAN STANLEY Added +49,784+49.8k
Vawter Financial, Ltd. Added +49,384+49.4k
Sanctuary Advisors, LLC Added +43,859+43.9k
OSAIC HOLDINGS, INC. Added +42,670+42.7k

Biggest sellers

Rockefeller Capital Management L.P. Reduced -308,902-308.9k
ROYAL BANK OF CANADA Reduced -293,537-293.5k
JONES FINANCIAL COMPANIES LLLP Reduced -126,514-126.5k
VSM Wealth Advisory, LLC Reduced -53,581-53.6k
World Investment Advisors Reduced -52,519-52.5k
UBS Group AG Reduced -49,314-49.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -45,462-45.5k
WESBANCO BANK INC Reduced -36,045-36.0k
TUDOR INVESTMENT CORP ET AL Reduced -29,921-29.9k
Arax Advisory Partners Sold out -28,655-28.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.0m20.3k shares
CITADEL ADVISORS LLC Added $3.7m12.5k shares
JANE STREET GROUP, LLC New $2.3m7.6k shares
Cubist Systematic Strategies, LLC Reduced $654.8k2.2k shares
Belvedere Trading LLC Reduced $446.4k1.5k shares

Biggest puts

Cubist Systematic Strategies, LLC Reduced $5.4m18.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m4.3k shares
CITADEL ADVISORS LLC Added $773.8k2.6k shares
JANE STREET GROUP, LLC New $267.9k900 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.22% of their portfolio CHARLOTTE, NC 9,989,40210.0m $3.0bn $3.0bn 0.22% Added +36.4k +36,393
2 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 1,931,7561.9m $574.9m $574.9m 0.03% Added +49.8k +49,784
3 ASSETMARK, INC 0.99% of their portfolio CONCORD, CA 1,550,6201.6m $461.5m $461.5m 0.99% Added +10.0k +10,045
4 SEI INVESTMENTS CO 0.30% of their portfolio OAKS, PA 949,929949.9k $282.7m $282.7m 0.30% Added +11.2k +11,152
5 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 899,840899.8k $267.8m $267.8m 0.08% Added +32.7k +32,708
6 Corient Private Wealth LP 0.42% of their portfolio MIAMI, FL 894,206894.2k $266.1m $266.1m 0.42% Added +134.9k +134,893
7 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 872,642872.6k $259.7m $259.7m 0.05% Added +6.5k +6,452
8 UBS Group AG 0.04% of their portfolio ZURICH, V8 768,445768.4k $228.7m $228.7m 0.04% Reduced -49.3k -49,314
9 PNC Financial Services Group, Inc. 0.12% of their portfolio Pittsburgh, PA 683,942683.9k $203.6m $203.6m 0.12% Added +3.0k +3,006
10 Cohen Klingenstein LLC 6.25% of their portfolio NEW YORK, NY 670,420670.4k $199.5m $199.5m 6.25% Reduced -8.4k -8,450
11 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 637,406637.4k $189.7m $189.7m 0.05% Added +2.2k +2,152
12 MATHER GROUP, LLC. 1.82% of their portfolio CHICAGO, IL 604,629604.6k $179.9m $179.9m 1.82% Reduced -6.9k -6,930
13 JONES FINANCIAL COMPANIES LLLP 0.11% of their portfolio DES PERES, MO 562,371562.4k $167.7m $167.7m 0.11% Reduced -126.5k -126,514
14 CHOREO, LLC 1.98% of their portfolio ROCKFORD, IL 510,225510.2k $152.1m $152.1m 1.98% Reduced -3.0k -3,004
15 MONETA GROUP INVESTMENT ADVISORS LLC 1.20% of their portfolio ST LOUIS, MO 506,199506.2k $150.7m $150.7m 1.20% Added +4.0k +4,041
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 486,726486.7k $144.9m $144.9m 0.00% Added +236.5k +236,530
17 TIAA TRUST, NATIONAL ASSOCIATION 0.34% of their portfolio CHARLOTTE, NC 468,752468.8k $139.5m $139.5m 0.34% Reduced -24.4k -24,441
18 Cetera Investment Advisers 0.16% of their portfolio SCHAUMBURG, IL 461,063461.1k $137.2m $137.2m 0.16% Added +94.0k +94,031
19 RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio ST. PETERSBURG, FL 451,017451.0k $134.2m $134.2m 0.04% Added +7.8k +7,760
20 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 400,969401.0k $119.3m $119.3m 0.03% Reduced -3.0k -2,953
21 RWA WEALTH PARTNERS, LLC 1.24% of their portfolio BOSTON, MA 365,995366.0k $108.9m $108.9m 1.24% Added +8.7k +8,691
22 OSAIC HOLDINGS, INC. 0.15% of their portfolio SCOTTSDALE, AZ 357,605357.6k $105.9m $105.9m 0.15% Added +42.7k +42,670
23 Wealthspire Advisors, LLC 0.56% of their portfolio NEW YORK, NY 357,202357.2k $106.3m $106.3m 0.56% Reduced -7.0k -6,960
24 MML INVESTORS SERVICES, LLC 0.28% of their portfolio SPRINGFIELD, MA 356,456356.5k $106.1m $106.1m 0.28% Added +2.7k +2,749
25 HighTower Advisors, LLC 0.11% of their portfolio CHICAGO, IL 340,129340.1k $101.2m $101.2m 0.11% Added +2.0k +2,025
26 Rockefeller Capital Management L.P. 0.19% of their portfolio NEW YORK, NY 326,714326.7k $97.2m $97.2m 0.19% Reduced -308.9k -308,902
27 Mill Creek Capital Advisors, LLC 1.94% of their portfolio Conshohocken, PA 315,937315.9k $94.0m $94.0m 1.94% Reduced -881 -881
28 Sand Hill Global Advisors, LLC 3.20% of their portfolio Palo Alto, CA 305,716305.7k $91.0m $91.0m 3.20% Reduced -1.4k -1,449
29 TRUIST FINANCIAL CORP 0.12% of their portfolio CHARLOTTE, NC 296,310296.3k $88.2m $88.2m 0.12% Added +532 +532
30 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 277,303277.3k $82.5m $82.5m 0.01% Reduced -293.5k -293,537
31 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 228,230228.2k $67.9m $67.9m 0.05% Added +31.2k +31,172
32 Focus Partners Wealth 0.11% of their portfolio ST LOUIS, MO 226,225226.2k $67.3m $67.3m 0.11% Added +3.8k +3,754
33 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 225,241225.2k $67.0m $67.0m 0.09% Reduced -45.5k -45,462
34 1832 Asset Management L.P. 0.11% of their portfolio TORONTO, A6 210,642210.6k $62.7m $62.7m 0.11% Reduced -12.0k -12,011
35 Mariner, LLC 0.08% of their portfolio Overland Park, KS 209,417209.4k $62.3m $62.3m 0.08% Added +6.3k +6,298
36 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 182,189182.2k $54.2m $54.2m 0.06% Added +5.7k +5,708
37 Beacon Pointe Advisors, LLC 0.42% of their portfolio NEWPORT BEACH, CA 164,409164.4k $48.9m $48.9m 0.42% Added +87.7k +87,711
38 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.33% of their portfolio IRVING, TX 152,017152.0k $45.2m $45.2m 0.33% Reduced -1.8k -1,757
39 Strategies Wealth Advisors, LLC 4.37% of their portfolio GRAND RAPIDS, MI 141,296141.3k $42.1m $42.1m 4.37% Added +1.9k +1,950
40 Summit Financial Strategies, Inc. 3.57% of their portfolio Columbus, OH 140,062140.1k $41.7m $41.7m 3.57% Added +551 +551
41 Private Advisor Group, LLC 0.20% of their portfolio MORRISTOWN, NJ 137,632137.6k $41.0m $41.0m 0.20% Added +8.0k +7,986
42 Rodgers & Associates, LTD 4.18% of their portfolio Lancaster, PA 136,290136.3k $40.6m $40.6m 4.18% Added +4.0k +4,046
43 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 136,275136.3k $40.6m $40.6m 0.04% Added +1.6k +1,591
44 STEPHENS INC /AR/ 0.51% of their portfolio LITTLE ROCK, AR 135,420135.4k $40.3m $40.3m 0.51% Reduced -414 -414
45 Avior Wealth Management, LLC 1.28% of their portfolio OMAHA, NE 133,310133.3k $39.6m $39.6m 1.28% Reduced -2.5k -2,541
46 Bragg Financial Advisors, Inc 1.30% of their portfolio CHARLOTTE, NC 132,292132.3k $39.4m $39.4m 1.30% Added +979 +979
47 American Financial Advisors, LLC 4.89% of their portfolio Marietta, GA 127,632127.6k $38.0m $38.0m 4.89% Reduced -3.2k -3,244
48 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 122,116122.1k $36.3m $36.3m 0.03% Added +9.4k +9,445
49 MOSAIC FAMILY WEALTH PARTNERS, LLC 4.26% of their portfolio ST. LOUIS, MO 121,839121.8k $36.4m $36.4m 4.26% Added +1.4k +1,384
50 One Day In July LLC 3.05% of their portfolio BURLINGTON, VT 121,100121.1k $36.0m $36.0m 3.05% Added +8.1k +8,091
51 Pathstone Holdings, LLC 0.13% of their portfolio ENGLEWOOD, NJ 117,379117.4k $34.9m $34.9m 0.13% Reduced -436 -436
52 STEPHENS GROUP ASSET MANAGEMENT, LLC 2.35% of their portfolio LITTLE ROCK, AR 116,906116.9k $34.8m $34.8m 2.35% Added +65.0k +64,966
53 NewEdge Advisors, LLC 0.15% of their portfolio NEW ORLEANS, LA 114,527114.5k $34.1m $34.1m 0.15% Reduced -1.3k -1,305
54 INSPIRION WEALTH ADVISORS, LLC 4.17% of their portfolio LIBERTYVILLE, IL 111,503111.5k $29.8m $29.8m 4.17% Reduced -446 -446
55 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 105,064105.1k $31.3m $31.3m 0.00% Reduced -3.6k -3,579
56 Vision Capital Management, Inc. 3.75% of their portfolio PORTLAND, OR 102,061102.1k $30.4m $30.4m 3.75% Reduced -1.7k -1,678
57 Brickley Wealth Management 5.22% of their portfolio SAN MATEO, CA 100,633100.6k $30.0m $30.0m 5.22% Added +361 +361
58 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 95,03095.0k $28.6m $28.6m 0.04% Added +1.1k +1,150
59 Merit Financial Group, LLC 0.25% of their portfolio ALPHARETTA, GA 91,97392.0k $27.4m $27.4m 0.25% Reduced -4.8k -4,843
60 Waldron Private Wealth LLC 1.11% of their portfolio BRIDGEVILLE, PA 91,96892.0k $27.4m $27.4m 1.11% Reduced -1.2k -1,230
61 COMERICA BANK 0.10% of their portfolio DALLAS, TX 91,93991.9k $27.4m $27.4m 0.10% Added +17.4k +17,427
62 Sanctuary Advisors, LLC 0.07% of their portfolio INDIANAPOLIS, IN 89,12889.1k $24.6m $24.6m 0.07% Added +43.9k +43,859
63 Aaron Wealth Advisors LLC 1.53% of their portfolio Chicago, IL 85,28785.3k $25.4m $25.4m 1.53% Added +27.5k +27,486
64 NATIXIS ADVISORS, LLC 0.04% of their portfolio Boston, MA 84,62284.6k $25.2m $25.2m 0.04% Added +4.5k +4,479
65 BHK Investment Advisors, LLC 9.28% of their portfolio BIRMINGHAM, AL 83,42483.4k $24.8m $24.8m 9.28% Reduced -1.8k -1,794
66 Cresset Asset Management, LLC 0.11% of their portfolio Chicago, IL 82,68182.7k $24.6m $24.6m 0.11% Added +3.2k +3,208
67 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 79,50079.5k $23.7m $23.7m 0.11% Added +13.1k +13,143
68 Savant Capital, LLC 0.14% of their portfolio ROCKFORD, IL 76,88276.9k $22.9m $22.9m 0.14% Reduced -200 -200
69 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 76,40376.4k $22.7m $22.7m 0.06% Reduced -940 -940
70 Steward Partners Investment Advisory, LLC 0.13% of their portfolio STAMFORD, CT 75,37975.4k $22.4m $22.4m 0.13% Added +23.7k +23,726
71 McAdam, LLC 1.09% of their portfolio Philadelphia, PA 74,05974.1k $22.0m $22.0m 1.09% Reduced -6.6k -6,644
72 EXENCIAL WEALTH ADVISORS, LLC 0.72% of their portfolio OKLAHOMA CITY, OK 73,84773.8k $22.0m $22.0m 0.72% Added +135 +135
73 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 71,20371.2k $21.2m $21.2m 0.00% Reduced -6.5k -6,545
74 Whitaker-Myers Wealth Managers, LTD. 4.60% of their portfolio Mansfield, OH 70,95471.0k $21.1m $21.1m 4.60% Added +6.1k +6,115
75 FIFTH THIRD BANCORP 0.07% of their portfolio CINCINNATI, OH 69,04769.0k $20.5m $20.5m 0.07% Reduced -835 -835
76 Total Wealth Planning, LLC 2.36% of their portfolio CINCINNATI, OH 68,43368.4k $20.4m $20.4m 2.36% Added +452 +452
77 Partners in Financial Planning 3.41% of their portfolio SALEM, VA 66,33866.3k $19.7m $19.7m 3.41% Reduced -230 -230
78 Atria Investments, Inc 0.22% of their portfolio Charlotte, NC 64,50064.5k $19.2m $19.2m 0.22% Added +1.7k +1,711
79 SAGE FINANCIAL GROUP INC 1.30% of their portfolio W. CONSHOHOCKEN, PA 64,34864.3k $19.2m $19.2m 1.30% Added +494 +494
80 Retirement Investment Advisors, Inc. 1.51% of their portfolio OKLAHOMA CITY, OK 60,98261.0k $18.1m $18.1m 1.51% Added +1.7k +1,719
81 Asset Management Group, Inc. 2.91% of their portfolio STAMFORD, CT 59,75059.8k $17.8m $17.8m 2.91% Reduced -726 -726
82 Modera Wealth Management, LLC 0.20% of their portfolio WESTWOOD, NJ 58,36858.4k $17.4m $17.4m 0.20% Reduced -4.0k -3,957
83 Quent Capital, LLC 1.45% of their portfolio NEW YORK, NY 58,08458.1k $17.3m $17.3m 1.45% Added +5.8k +5,831
84 Robinswood Financial LLC 5.64% of their portfolio KIRKLAND, WA 56,79756.8k $16.9m $16.9m 5.64% Added +1.0k +1,002
85 FMR LLC 0.00% of their portfolio BOSTON, MA 56,45156.5k $16.8m $16.8m 0.00% Added +1.8k +1,756
86 Gallagher Fiduciary Advisors, LLC 0.61% of their portfolio ROLLING MEADOWS, IL 55,78555.8k $16.6m $16.6m 0.61% Added +519 +519
87 Pasadena Private Wealth, LLC 2.35% of their portfolio PASADENA, CA 54,83754.8k $16.3m $16.3m 2.35% Added +592 +592
88 CIBC Private Wealth Group LLC 0.03% of their portfolio ATLANTA, GA 54,60354.6k $16.3m $16.3m 0.03% Reduced -280 -280
89 Avantax Planning Partners, Inc. 0.47% of their portfolio DUBUQUE, IA 54,58554.6k $16.2m $16.2m 0.47% Reduced -954 -954
90 Ocean Park Asset Management, LLC 0.65% of their portfolio SANTA MONICA, CA 53,35553.4k $15.9m $15.9m 0.65% New
91 PEAPACK GLADSTONE FINANCIAL CORP 0.21% of their portfolio BEDMINSTER, NJ 53,34753.3k $15.9m $15.9m 0.21% Reduced -1.4k -1,375
92 RS CRUM INC. 3.50% of their portfolio Newport Beach, CA 52,83552.8k $15.7m $15.7m 3.50% Added +1.4k +1,396
93 QUEST INVESTMENT MANAGEMENT LLC 1.64% of their portfolio LAKE OSWEGO, OR 52,66052.7k $15.7m $15.7m 1.64% Unchanged
94 Vawter Financial, Ltd. 7.10% of their portfolio COLUMBUS, OH 52,54852.5k $15.6m $15.6m 7.10% Added +49.4k +49,384
95 CWM, LLC 0.05% of their portfolio OMAHA, NE 51,88651.9k $15.4m $15.4m 0.05% Reduced -2.5k -2,529
96 BENJAMIN EDWARDS INC 0.17% of their portfolio Clayton, MO 51,45151.5k $15.3m $15.3m 0.17% Added +459 +459
97 PRESILIUM PRIVATE WEALTH, LLC 2.88% of their portfolio RADNOR, PA 50,88650.9k $15.1m $15.1m 2.88% Reduced -306 -306
98 Praetorian Wealth Management, Inc. 3.02% of their portfolio CARMEL, CA 49,45649.5k $14.7m $14.7m 3.02% Added +894 +894
99 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 46,69646.7k $13.9m $13.9m 0.03% Reduced -1.5k -1,533
100 IFP Advisors, Inc 0.35% of their portfolio TAMPA, FL 45,91045.9k $13.7m $13.7m 0.35% Added +13.6k +13,630