Vault-13

VANGUARD INDEX FDS VBK

SML CP GRW ETF · ETP · CUSIP 922908595

1,212 institutional holders +96 vs Q3 2025
42,401,81942.4m shares reported held*
$12.7bnreported value*
88 new 441 added 383 reduced 57 sold out net bought ≈ $259.6m (+864.5k 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 ($7.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $300.47. Options: 4 managers hold calls ($15.8m notional), 2 hold puts ($725.1k).

Trends to Q4 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: 1,116Q4 25: 1,2121,212Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 20251,212

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ1 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 25Q3 25: 483 bought or addedQ3 25: 423 cut or sold outQ4 25: 529 bought or addedQ4 25: 440 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024507379
Q2 2024395435
Q3 2024461365
Q4 2024476377
Q1 2025482469
Q2 2025436492
Q3 2025483423
Q4 2025529440

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 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 0.59Q4 25 calls: $15.8mQ4 25 puts: $725.1kQ4 25P/C 0.05
Numbers
QuarterCallsPutsP/C
Q1 2025$11.8m$8.3m0.70
Q2 2025$17.0m$12.3m0.72
Q3 2025$13.1m$7.7m0.59
Q4 2025$15.8m$725.1k0.05

Biggest buyers

Corient Private Wealth LP Added +1,153,755+1.2m
BANK OF AMERICA CORP /DE/ Added +268,570+268.6k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +74,586+74.6k
CONGRESS ASSET MANAGEMENT CO Added +71,162+71.2k
RAYMOND JAMES FINANCIAL INC Added +64,003+64.0k
CWM, LLC Added +63,148+63.1k
Arax Advisory Partners New +44,380+44.4k
UMB Bank, n.a. Added +39,481+39.5k
Forbes Financial Planning, Inc. New +28,039+28.0k
Strategic Investment Advisors / MI Added +27,658+27.7k

Biggest sellers

JPMORGAN CHASE & CO Reduced -237,770-237.8k
TRUIST FINANCIAL CORP Reduced -177,871-177.9k
Wealthspire Advisors, LLC Reduced -153,716-153.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -111,112-111.1k
OSAIC HOLDINGS, INC. Reduced -99,949-99.9k
Total Wealth Planning, LLC Reduced -64,104-64.1k
QUEST INVESTMENT MANAGEMENT LLC Sold out -52,660-52.7k
MORGAN STANLEY Reduced -49,153-49.2k
INSPIRION WEALTH ADVISORS, LLC Reduced -48,456-48.5k
JONES FINANCIAL COMPANIES LLLP Reduced -47,174-47.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $7.8m25.7k shares
JANE STREET GROUP, LLC Added $3.9m12.9k shares
CITADEL ADVISORS LLC Reduced $3.4m11.3k shares
Belvedere Trading LLC Added $725.1k2.4k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $483.4k1.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $241.7k800 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 BANK OF AMERICA CORP /DE/ 0.23% of their portfolio CHARLOTTE, NC 10,257,97210.3m $3.1bn $3.1bn 0.23% Added +268.6k +268,570
2 Corient Private Wealth LP 0.42% of their portfolio MIAMI, FL 2,047,9612.0m $618.7m $618.7m 0.42% Added +1.2m +1,153,755
3 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 1,882,6031.9m $568.8m $568.8m 0.03% Reduced -49.2k -49,153
4 ASSETMARK, INC 0.96% of their portfolio CONCORD, CA 1,564,8781.6m $472.8m $472.8m 0.96% Added +14.3k +14,258
5 SEI INVESTMENTS CO 0.29% of their portfolio OAKS, PA 969,157969.2k $292.8m $292.8m 0.29% Added +19.2k +19,228
6 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 909,819909.8k $274.9m $274.9m 0.08% Added +10.0k +9,979
7 WELLS FARGO & COMPANY/MN 0.05% of their portfolio SAN FRANCISCO, CA 897,144897.1k $271.0m $271.0m 0.05% Added +24.5k +24,502
8 EP Wealth Advisors, LLC 1.22% of their portfolio TORRANCE, CA 776,329776.3k $234.5m $234.5m 1.22% First filing
9 UBS Group AG 0.04% of their portfolio ZURICH, V8 726,877726.9k $219.6m $219.6m 0.04% Reduced -41.6k -41,568
10 PNC Financial Services Group, Inc. 0.11% of their portfolio Pittsburgh, PA 694,339694.3k $209.8m $209.8m 0.11% Added +10.4k +10,397
11 Cohen Klingenstein LLC 6.14% of their portfolio NEW YORK, NY 668,380668.4k $201.9m $201.9m 6.14% Reduced -2.0k -2,040
12 MATHER GROUP, LLC. 1.88% of their portfolio CHICAGO, IL 603,304603.3k $182.3m $182.3m 1.88% Reduced -1.3k -1,325
13 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 526,294526.3k $159.0m $159.0m 0.05% Reduced -111.1k -111,112
14 CHOREO, LLC 2.03% of their portfolio ROCKFORD, IL 523,404523.4k $159.7m $159.7m 2.03% Added +13.2k +13,179
15 JONES FINANCIAL COMPANIES LLLP 0.09% of their portfolio DES PERES, MO 515,197515.2k $155.6m $155.6m 0.09% Reduced -47.2k -47,174
16 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 515,020515.0k $155.6m $155.6m 0.05% Added +64.0k +64,003
17 MONETA GROUP INVESTMENT ADVISORS LLC 1.16% of their portfolio ST LOUIS, MO 506,845506.8k $153.1m $153.1m 1.16% Added +646 +646
18 Cetera Investment Advisers 0.16% of their portfolio SCHAUMBURG, IL 483,210483.2k $146.0m $146.0m 0.16% Added +22.1k +22,147
19 TIAA TRUST, NATIONAL ASSOCIATION 0.31% of their portfolio CHARLOTTE, NC 430,614430.6k $130.1m $130.1m 0.31% Reduced -38.1k -38,138
20 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 413,813413.8k $125.0m $125.0m 0.03% Added +12.8k +12,844
21 MML INVESTORS SERVICES, LLC 0.27% of their portfolio SPRINGFIELD, MA 371,897371.9k $112.4m $112.4m 0.27% Added +15.4k +15,441
22 RWA WEALTH PARTNERS, LLC 1.16% of their portfolio BOSTON, MA 352,451352.5k $106.5m $106.5m 1.16% Reduced -13.5k -13,544
23 HighTower Advisors, LLC 0.11% of their portfolio CHICAGO, IL 337,484337.5k $102.0m $102.0m 0.11% Reduced -2.6k -2,645
24 Rockefeller Capital Management L.P. 0.18% of their portfolio NEW YORK, NY 325,480325.5k $98.3m $98.3m 0.18% Reduced -1.2k -1,234
25 Mill Creek Capital Advisors, LLC 1.93% of their portfolio Conshohocken, PA 313,730313.7k $94.8m $94.8m 1.93% Reduced -2.2k -2,207
26 Sand Hill Global Advisors, LLC 3.23% of their portfolio Palo Alto, CA 306,241306.2k $92.5m $92.5m 3.23% Added +525 +525
27 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.06% of their portfolio MILWAUKEE, WI 302,816302.8k $91.5m $91.5m 0.06% Added +74.6k +74,586
28 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 297,650297.6k $89.9m $89.9m 0.02% Added +20.3k +20,347
29 Align Financial, LLC 0.17% of their portfolio HERMANTOWN, MN 288,817288.8k $288.8k $288.8k 0.17% First filing
30 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 257,656257.7k $77.9m $77.9m 0.11% Reduced -99.9k -99,949
31 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 248,956249.0k $75.2m $75.2m 0.01% Reduced -237.8k -237,770
32 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 227,911227.9k $68.4m $68.4m 0.08% Added +1.7k +1,686
33 COMMONWEALTH EQUITY SERVICES, LLC 0.09% of their portfolio WALTHAM, MA 212,659212.7k $64.2m $64.2m 0.09% Reduced -12.6k -12,582
34 1832 Asset Management L.P. 0.08% of their portfolio TORONTO, A6 212,233212.2k $64.1m $64.1m 0.08% Added +1.6k +1,591
35 Mariner, LLC 0.08% of their portfolio Overland Park, KS 211,206211.2k $63.8m $63.8m 0.08% Added +1.8k +1,789
36 Wealthspire Advisors, LLC 0.49% of their portfolio NEW YORK, NY 203,486203.5k $61.5m $61.5m 0.49% Reduced -153.7k -153,716
37 US BANCORP \DE\ 0.06% of their portfolio MINNEAPOLIS, MN 180,387180.4k $54.5m $54.5m 0.06% Reduced -1.8k -1,802
38 Beacon Pointe Advisors, LLC 0.35% of their portfolio NEWPORT BEACH, CA 166,486166.5k $50.3m $50.3m 0.35% Added +2.1k +2,077
39 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.27% of their portfolio IRVING, TX 148,743148.7k $44.9m $44.9m 0.27% Reduced -3.3k -3,274
40 Strategies Wealth Advisors, LLC 4.47% of their portfolio GRAND RAPIDS, MI 147,780147.8k $44.6m $44.6m 4.47% Added +6.5k +6,484
41 STIFEL FINANCIAL CORP 0.04% of their portfolio ST. LOUIS, MO 144,081144.1k $43.5m $43.5m 0.04% Added +7.8k +7,806
42 Summit Financial Strategies, Inc. 3.43% of their portfolio Columbus, OH 138,276138.3k $41.8m $41.8m 3.43% Reduced -1.8k -1,786
43 Rodgers & Associates, LTD 4.22% of their portfolio Lancaster, PA 138,062138.1k $41.7m $41.7m 4.22% Added +1.8k +1,772
44 Private Advisor Group, LLC 0.19% of their portfolio MORRISTOWN, NJ 135,587135.6k $41.0m $41.0m 0.19% Reduced -2.0k -2,045
45 Bragg Financial Advisors, Inc 1.33% of their portfolio CHARLOTTE, NC 135,323135.3k $40.9m $40.9m 1.33% Added +3.0k +3,031
46 Avior Wealth Management, LLC 1.25% of their portfolio OMAHA, NE 133,093133.1k $40.2m $40.2m 1.25% Reduced -217 -217
47 STEPHENS INC /AR/ 0.49% of their portfolio LITTLE ROCK, AR 130,633130.6k $39.5m $39.5m 0.49% Reduced -4.8k -4,787
48 One Day In July LLC 3.09% of their portfolio BURLINGTON, VT 124,493124.5k $37.6m $37.6m 3.09% Added +3.4k +3,393
49 Creative Planning 0.03% of their portfolio OVERLAND PARK, KS 122,201122.2k $36.9m $36.9m 0.03% Added +85 +85
50 American Financial Advisors, LLC 4.72% of their portfolio Marietta, GA 120,944120.9k $36.5m $36.5m 4.72% Reduced -6.7k -6,688
51 MOSAIC FAMILY WEALTH PARTNERS, LLC 4.00% of their portfolio ST. LOUIS, MO 120,700120.7k $36.5m $36.5m 4.00% Reduced -1.1k -1,139
52 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 118,439118.4k $35.8m $35.8m 0.05% Reduced -177.9k -177,871
53 STEPHENS GROUP ASSET MANAGEMENT, LLC 2.38% of their portfolio LITTLE ROCK, AR 117,855117.9k $35.6m $35.6m 2.38% Added +949 +949
54 Waldron Private Wealth LLC 1.39% of their portfolio BRIDGEVILLE, PA 116,557116.6k $35.2m $35.2m 1.39% Added +24.6k +24,589
55 CWM, LLC 0.09% of their portfolio OMAHA, NE 115,034115.0k $34.8m $34.8m 0.09% Added +63.1k +63,148
56 Pathstone Holdings, LLC 0.13% of their portfolio ENGLEWOOD, NJ 113,822113.8k $34.4m $34.4m 0.13% Reduced -3.6k -3,557
57 CONGRESS ASSET MANAGEMENT CO 0.24% of their portfolio BOSTON, MA 111,812111.8k $33.8m $33.8m 0.24% Added +71.2k +71,162
58 NewEdge Advisors, LLC 0.12% of their portfolio NEW ORLEANS, LA 109,694109.7k $33.1m $33.1m 0.12% Reduced -4.8k -4,833
59 Brickley Wealth Management 5.13% of their portfolio SAN MATEO, CA 100,771100.8k $30.4m $30.4m 5.13% Added +138 +138
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 100,451100.5k $31.9m $31.9m 0.04% Added +5.4k +5,421
61 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 100,438100.4k $30.3m $30.3m 0.00% Reduced -4.6k -4,626
62 COMERICA BANK 0.11% of their portfolio DALLAS, TX 94,40394.4k $28.5m $28.5m 0.11% Added +2.5k +2,464
63 Vision Capital Management, Inc. 3.38% of their portfolio PORTLAND, OR 92,74792.7k $28.0m $28.0m 3.38% Reduced -9.3k -9,314
64 BHK Investment Advisors, LLC 9.09% of their portfolio BIRMINGHAM, AL 91,55891.6k $27.7m $27.7m 9.09% Added +8.1k +8,134
65 Kestra Advisory Services, LLC 0.11% of their portfolio AUSTIN, TX 90,70890.7k $27.4m $27.4m 0.11% Added +11.2k +11,208
66 Aaron Wealth Advisors LLC 1.47% of their portfolio Chicago, IL 87,47287.5k $26.4m $26.4m 1.47% Added +2.2k +2,185
67 Steward Partners Investment Advisory, LLC 0.14% of their portfolio STAMFORD, CT 85,98186.0k $26.0m $26.0m 0.14% Added +10.6k +10,602
68 Cresset Asset Management, LLC 0.11% of their portfolio Chicago, IL 83,41083.4k $25.2m $25.2m 0.11% Added +729 +729
69 Merit Financial Group, LLC 0.20% of their portfolio ALPHARETTA, GA 81,86881.9k $24.7m $24.7m 0.20% Reduced -10.1k -10,105
70 NATIXIS ADVISORS, LLC 0.03% of their portfolio Boston, MA 81,62281.6k $24.7m $24.7m 0.03% Reduced -3.0k -3,000
71 McAdam, LLC 1.07% of their portfolio Philadelphia, PA 77,20477.2k $23.3m $23.3m 1.07% Added +3.1k +3,145
72 Cambridge Investment Research Advisors, Inc. 0.06% of their portfolio FAIRFIELD, IA 76,21276.2k $23.0m $23.0m 0.06% Reduced -191 -191
73 CIBC Private Wealth Group LLC 0.04% of their portfolio ATLANTA, GA 75,58375.6k $22.8m $22.8m 0.04% Added +21.0k +20,980
74 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 75,56775.6k $22.8m $22.8m 0.00% Added +4.4k +4,364
75 Whitaker-Myers Wealth Managers, LTD. 4.54% of their portfolio Mansfield, OH 72,09872.1k $21.8m $21.8m 4.54% Added +1.1k +1,144
76 EXENCIAL WEALTH ADVISORS, LLC 0.66% of their portfolio OKLAHOMA CITY, OK 69,25969.3k $20.9m $20.9m 0.66% Reduced -4.6k -4,588
77 FIFTH THIRD BANCORP 0.07% of their portfolio CINCINNATI, OH 68,27268.3k $20.6m $20.6m 0.07% Reduced -775 -775
78 Atria Investments, Inc 0.23% of their portfolio Charlotte, NC 67,09667.1k $20.3m $20.3m 0.23% Added +2.6k +2,596
79 Partners in Financial Planning 3.38% of their portfolio SALEM, VA 66,04666.0k $20.0m $20.0m 3.38% Reduced -292 -292
80 SAGE FINANCIAL GROUP INC 1.29% of their portfolio W. CONSHOHOCKEN, PA 64,66364.7k $19.5m $19.5m 1.29% Added +315 +315
81 FMR LLC 0.00% of their portfolio BOSTON, MA 63,98364.0k $19.3m $19.3m 0.00% Added +7.5k +7,532
82 INSPIRION WEALTH ADVISORS, LLC 2.33% of their portfolio LIBERTYVILLE, IL 63,04763.0k $19.0m $19.0m 2.33% Reduced -48.5k -48,456
83 Quent Capital, LLC 1.37% of their portfolio NEW YORK, NY 62,70062.7k $18.9m $18.9m 1.37% Added +4.6k +4,616
84 Retirement Investment Advisors, Inc. 1.52% of their portfolio OKLAHOMA CITY, OK 62,47962.5k $18.9m $18.9m 1.52% Added +1.5k +1,497
85 Asset Management Group, Inc. 2.90% of their portfolio STAMFORD, CT 59,34759.3k $17.9m $17.9m 2.90% Reduced -403 -403
86 Robinswood Financial LLC 5.59% of their portfolio KIRKLAND, WA 57,81357.8k $17.5m $17.5m 5.59% Added +1.0k +1,016
87 Gallagher Fiduciary Advisors, LLC 0.56% of their portfolio ROLLING MEADOWS, IL 56,95657.0k $17.2m $17.2m 0.56% Added +1.2k +1,171
88 Pasadena Private Wealth, LLC 2.34% of their portfolio PASADENA, CA 56,65656.7k $17.1m $17.1m 2.34% Added +1.8k +1,819
89 RS CRUM INC. 3.26% of their portfolio Newport Beach, CA 53,97554.0k $16.3m $16.3m 3.26% Added +1.1k +1,140
90 PEAPACK GLADSTONE FINANCIAL CORP 0.20% of their portfolio BEDMINSTER, NJ 53,30753.3k $16.1m $16.1m 0.20% Reduced -40 -40
91 Ocean Park Asset Management, LLC 0.75% of their portfolio SANTA MONICA, CA 53,22853.2k $16.1m $16.1m 0.75% Reduced -127 -127
92 Vawter Financial, Ltd. 6.76% of their portfolio COLUMBUS, OH 52,98853.0k $16.0m $16.0m 6.76% Added +440 +440
93 BENJAMIN EDWARDS INC 0.18% of their portfolio Clayton, MO 52,95953.0k $16.0m $16.0m 0.18% Added +1.5k +1,508
94 PRESILIUM PRIVATE WEALTH, LLC 2.89% of their portfolio RADNOR, PA 52,37452.4k $15.8m $15.8m 2.89% Added +1.5k +1,488
95 Modera Wealth Management, LLC 0.18% of their portfolio WESTWOOD, NJ 51,13551.1k $15.4m $15.4m 0.18% Reduced -7.2k -7,233
96 Avantax Planning Partners, Inc. 0.43% of their portfolio DUBUQUE, IA 51,02251.0k $15.4m $15.4m 0.43% Reduced -3.6k -3,563
97 LMCG INVESTMENTS, LLC 0.88% of their portfolio BOSTON, MA 51,02051.0k $15.4m $15.4m 0.88% Added +6.2k +6,232
98 Praetorian Wealth Management, Inc. 3.01% of their portfolio CARMEL, CA 50,24450.2k $15.2m $15.2m 3.01% Added +788 +788
99 Sanctuary Advisors, LLC 0.08% of their portfolio INDIANAPOLIS, IN 49,05649.1k $14.8m $14.8m 0.08% Reduced -40.1k -40,072
100 CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio RALEIGH, NC 48,04048.0k $14.5m $14.5m 0.03% Added +1.3k +1,344