Vault-13

VANGUARD INDEX FDS VBR

SM CP VAL ETF · ETP · CUSIP 922908611

1,764 institutional holders +49 vs Q1 2026
85,978,63986.0m shares reported held*
$20.8bnreported value*
108 new 646 added 662 reduced 57 sold out net bought ≈ $518.7m (+2.2m 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 ($35.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $242.14. Options: 3 managers hold calls ($13.9m notional), 2 hold puts ($4.3m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

01k2kQ3 22: 1,090Q4 22: 1,221Q1 23: 1,209Q2 23: 1,239Q3 23: 1,241Q4 23: 1,386Q1 24: 1,379Q2 24: 1,372Q3 24: 1,433Q4 24: 1,594Q1 25: 1,533Q2 25: 1,567Q3 25: 1,580Q4 25: 1,660Q1 26: 1,715Q2 26: 1,7641,764Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 20221,090
Q4 20221,221
Q1 20231,209
Q2 20231,239
Q3 20231,241
Q4 20231,386
Q1 20241,379
Q2 20241,372
Q3 20241,433
Q4 20241,594
Q1 20251,533
Q2 20251,567
Q3 20251,580
Q4 20251,660
Q1 20261,715
Q2 20261,764

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 645 bought or addedQ3 24: 557 cut or sold outQ4 24: 714 bought or addedQ4 24: 511 cut or sold outQ4 24Q1 25: 662 bought or addedQ1 25: 701 cut or sold outQ2 25: 623 bought or addedQ2 25: 706 cut or sold outQ2 25Q3 25: 681 bought or addedQ3 25: 658 cut or sold outQ4 25: 727 bought or addedQ4 25: 593 cut or sold outQ4 25Q1 26: 778 bought or addedQ1 26: 653 cut or sold outQ2 26: 754 bought or addedQ2 26: 719 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024645557
Q4 2024714511
Q1 2025662701
Q2 2025623706
Q3 2025681658
Q4 2025727593
Q1 2026778653
Q2 2026754719

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 25 calls: $13.7mQ3 25 puts: $1.7mQ3 25P/C 0.12Q4 25 calls: $11.7mQ4 25 puts: $2.4mQ4 25P/C 0.20Q1 26 calls: $12.6mQ1 26 puts: $3.9mQ1 26P/C 0.31Q2 26 calls: $13.9mQ2 26 puts: $4.3mQ2 26P/C 0.31
Numbers
QuarterCallsPutsP/C
Q3 2025$13.7m$1.7m0.12
Q4 2025$11.7m$2.4m0.20
Q1 2026$12.6m$3.9m0.31
Q2 2026$13.9m$4.3m0.31

Biggest buyers

ASSETMARK, INC Added +793,924+793.9k
Savant Capital, LLC Added +515,966+516.0k
Pathstone Holdings, LLC Added +481,972+482.0k
BANK OF AMERICA CORP /DE/ Added +278,538+278.5k
Everhart Financial Group, Inc. Added +198,989+199.0k
Cambridge Investment Research Advisors, Inc. Added +177,781+177.8k
Retirement Planning Group, LLC Added +84,847+84.8k
Thrivent Financial for Lutherans Added +67,332+67.3k
LPL Financial LLC Added +62,839+62.8k
JONES FINANCIAL COMPANIES LLLP Added +50,829+50.8k

Biggest sellers

Allworth Financial LP Reduced -159,407-159.4k
Corient Private Wealth LP Reduced -129,206-129.2k
Shakespeare Wealth Management, LLC Sold out -114,711-114.7k
Betterment LLC Reduced -104,164-104.2k
Willis Investment Counsel Sold out -83,829-83.8k
TRUIST FINANCIAL CORP Reduced -77,797-77.8k
Private Advisor Group, LLC Reduced -50,619-50.6k
JPMORGAN CHASE & CO Reduced -50,381-50.4k
SOA Wealth Advisors, LLC. Reduced -42,933-42.9k
NATIXIS ADVISORS, LLC Reduced -42,832-42.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $8.9m36.6k shares
CITADEL ADVISORS LLC Reduced $3.6m15.0k shares
JANE STREET GROUP, LLC Reduced $1.3m5.4k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.3m9.5k shares
CITADEL ADVISORS LLC Unchanged $2.0m8.4k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.21% of their portfolio CHARLOTTE, NC 13,679,53213.7m $3.3bn $3.3bn 0.21% Added +278.5k +278,538
2 ASSETMARK, INC 2.04% of their portfolio CONCORD, CA 4,872,9254.9m $1.2bn $1.2bn 2.04% Added +793.9k +793,924
3 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 3,863,6413.9m $938.8m $938.8m 0.05% Added +47.0k +46,984
4 Betterment LLC 1.16% of their portfolio NEW YORK, NY 2,812,9642.8m $683.5m $683.5m 1.16% Reduced -104.2k -104,164
5 ASPIRIANT, LLC 10.47% of their portfolio San Francisco, CA 1,745,5381.7m $424.2m $424.2m 10.47% Added +6.0k +6,009
6 WELLS FARGO & COMPANY/MN 0.07% of their portfolio SAN FRANCISCO, CA 1,676,3891.7m $407.3m $407.3m 0.07% Reduced -13.6k -13,623
7 ENVESTNET ASSET MANAGEMENT INC 0.09% of their portfolio Berwyn, PA 1,593,3291.6m $387.2m $387.2m 0.09% Reduced -19.8k -19,828
8 LPL Financial LLC 0.08% of their portfolio FORT MILL, SC 1,544,0491.5m $375.2m $375.2m 0.08% Added +62.8k +62,839
9 SEI INVESTMENTS CO 0.32% of their portfolio OAKS, PA 1,515,4311.5m $368.2m $368.2m 0.32% Added +28.9k +28,870
10 UBS Group AG 0.06% of their portfolio ZURICH, V8 1,466,6711.5m $356.4m $356.4m 0.06% Reduced -9.7k -9,734
11 CAPTRUST FINANCIAL ADVISORS 0.48% of their portfolio RALEIGH, NC 1,294,1121.3m $314.5m $314.5m 0.48% Added +4.2k +4,192
12 Cetera Investment Advisers 0.27% of their portfolio SCHAUMBURG, IL 1,201,6891.2m $292.0m $292.0m 0.27% Added +36.8k +36,836
13 JONES FINANCIAL COMPANIES LLLP 0.10% of their portfolio DES PERES, MO 1,035,2731.0m $251.3m $251.3m 0.10% Added +50.8k +50,829
14 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 1,025,4711.0m $249.2m $249.2m 0.07% Added +2.0k +2,046
15 OSAIC HOLDINGS, INC. 0.24% of their portfolio SCOTTSDALE, AZ 854,208854.2k $207.8m $207.8m 0.24% Added +45.0k +44,950
16 PNC Financial Services Group, Inc. 0.10% of their portfolio Pittsburgh, PA 844,489844.5k $205.2m $205.2m 0.10% Reduced -1.8k -1,820
17 Focus Partners Wealth 0.21% of their portfolio ST LOUIS, MO 833,299833.3k $202.5m $202.5m 0.21% Added +3.9k +3,944
18 CHOREO, LLC 2.17% of their portfolio ROCKFORD, IL 815,364815.4k $198.1m $198.1m 2.17% Reduced -6.7k -6,672
19 Savant Capital, LLC 0.55% of their portfolio ROCKFORD, IL 794,000794.0k $187.8m $187.8m 0.55% Added +516.0k +515,966
20 HighTower Advisors, LLC 0.18% of their portfolio CHICAGO, IL 761,123761.1k $184.9m $184.9m 0.18% Reduced -9.8k -9,839
21 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 702,244702.2k $170.6m $170.6m 0.01% Reduced -50.4k -50,381
22 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 675,077675.1k $164.1m $164.1m 0.03% Reduced -311 -311
23 Allworth Financial LP 0.68% of their portfolio FOLSOM, CA 658,265658.3k $160.0m $160.0m 0.68% Reduced -159.4k -159,407
24 Pathstone Holdings, LLC 0.45% of their portfolio ENGLEWOOD, NJ 639,128639.1k $155.3m $155.3m 0.45% Added +482.0k +481,972
25 MATHER GROUP, LLC. 1.33% of their portfolio CHICAGO, IL 626,525626.5k $152.2m $152.2m 1.33% Reduced -3.0k -2,974
26 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.52% of their portfolio CHARLOTTE, NC 617,562617.6k $150.1m $150.1m 0.52% Reduced -35.0k -34,980
27 COMMONWEALTH EQUITY SERVICES, LLC 0.17% of their portfolio WALTHAM, MA 550,938550.9k $133.9m $133.9m 0.17% Reduced -12.2k -12,197
28 PARK AVENUE SECURITIES LLC 0.82% of their portfolio NEW YORK, NY 538,661538.7k $130.9m $130.9m 0.82% Added +21.1k +21,126
29 RWA WEALTH PARTNERS, LLC 1.25% of their portfolio BOSTON, MA 535,469535.5k $130.1m $130.1m 1.25% Added +12.7k +12,661
30 MONETA GROUP INVESTMENT ADVISORS LLC 0.92% of their portfolio ST LOUIS, MO 509,083509.1k $123.7m $123.7m 0.92% Added +13.8k +13,769
31 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 485,216485.2k $117.9m $117.9m 0.02% Added +2.7k +2,699
32 Mariner, LLC 0.12% of their portfolio Overland Park, KS 474,531474.5k $115.3m $115.3m 0.12% Added +974 +974
33 Rockefeller Capital Management L.P. 0.17% of their portfolio NEW YORK, NY 468,410468.4k $113.8m $113.8m 0.17% Added +4.1k +4,138
34 STEPHENS GROUP ASSET MANAGEMENT, LLC 6.36% of their portfolio LITTLE ROCK, AR 463,142463.1k $112.5m $112.5m 6.36% Added +323 +323
35 Retirement Investment Advisors, Inc. 6.87% of their portfolio OKLAHOMA CITY, OK 398,418398.4k $96.3m $96.3m 6.87% Added +4.5k +4,459
36 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 385,819385.8k $93.8m $93.8m 0.05% Added +6.0k +6,026
37 BANK OF MONTREAL /CAN/ 0.03% of their portfolio TORONTO, A6 382,947382.9k $93.1m $93.1m 0.03% Added +8.9k +8,866
38 Retirement Systems of Alabama 0.28% of their portfolio MONTGOMERY, AL 382,480382.5k $92.9m $92.9m 0.28% Unchanged
39 JMG Financial Group, Ltd. 2.23% of their portfolio DOWNERS GROVE, IL 379,798379.8k $92.3m $92.3m 2.23% Reduced -12.4k -12,412
40 STIFEL FINANCIAL CORP 0.07% of their portfolio ST. LOUIS, MO 367,336367.3k $89.3m $89.3m 0.07% Reduced -3.9k -3,888
41 Cambridge Investment Research Advisors, Inc. 0.10% of their portfolio FAIRFIELD, IA 353,618353.6k $85.9m $85.9m 0.10% Added +177.8k +177,781
42 Creative Planning 0.05% of their portfolio OVERLAND PARK, KS 341,900341.9k $83.1m $83.1m 0.05% Added +26.8k +26,800
43 Modera Wealth Management, LLC 0.86% of their portfolio WESTWOOD, NJ 331,750331.8k $80.6m $80.6m 0.86% Reduced -7.5k -7,477
44 Mokosak Advisory Group, LLC 17.26% of their portfolio URBANDALE, IA 327,918327.9k $79.7m $79.7m 17.26% Added +3.4k +3,424
45 Cresset Asset Management, LLC 0.29% of their portfolio Chicago, IL 324,328324.3k $78.8m $78.8m 0.29% Added +7.2k +7,201
46 Rodgers & Associates, LTD 7.11% of their portfolio Lancaster, PA 322,177322.2k $78.3m $78.3m 7.11% Added +4.8k +4,826
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 317,453317.5k $76.8m $76.8m 0.13% Reduced -7.1k -7,069
48 SOA Wealth Advisors, LLC. 1.17% of their portfolio NEW YORK, NY 312,605312.6k $7.0m $7.0m 1.17% Reduced -42.9k -42,933
49 STEPHENS INC /AR/ 0.82% of their portfolio LITTLE ROCK, AR 302,916302.9k $73.6m $73.6m 0.82% Added +29.2k +29,183
50 1832 Asset Management L.P. 0.09% of their portfolio TORONTO, A6 297,518297.5k $72.3m $72.3m 0.09% Added +112 +112
51 Bragg Financial Advisors, Inc 1.89% of their portfolio CHARLOTTE, NC 290,690290.7k $70.6m $70.6m 1.89% Reduced -5.7k -5,670
52 Mason Investment Advisory Services, Inc. 2.61% of their portfolio RESTON, VA 282,251282.3k $68.6m $68.6m 2.61% Reduced -784 -784
53 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 261,253261.3k $63.5m $63.5m 0.01% Reduced -2.7k -2,671
54 Financial Advisory Corp 8.33% of their portfolio Grand Rapids, MI 258,499258.5k $62.8m $62.8m 8.33% Reduced -26.2k -26,192
55 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.35% of their portfolio IRVING, TX 258,163258.2k $62.7m $62.7m 0.35% Reduced -13.2k -13,178
56 BAILARD, INC. 1.27% of their portfolio Foster City, CA 257,473257.5k $62.6m $62.6m 1.27% Added +3.8k +3,789
57 Everhart Financial Group, Inc. 3.97% of their portfolio Dublin, OH 255,385255.4k $62.1m $62.1m 3.97% Added +199.0k +198,989
58 Cerity Partners LLC 0.07% of their portfolio NEW YORK, NY 248,766248.8k $60.4m $60.4m 0.07% Reduced -18.6k -18,626
59 Discipline Wealth Solutions, LLC 5.26% of their portfolio GREENVILLE, SC 247,996248.0k $60.3m $60.3m 5.26% Added +10.3k +10,272
60 WIT, LLC 0.94% of their portfolio DISTRICT OF COLUMBIA, DC 242,389242.4k $58.9m $58.9m 0.94% Reduced -7.8k -7,778
61 THOMPSON SIEGEL & WALMSLEY LLC 1.03% of their portfolio RICHMOND, VA 235,903235.9k $57.3m $57.3m 1.03% Reduced -1.9k -1,924
62 Zhang Financial LLC 1.60% of their portfolio PORTAGE, MI 226,097226.1k $54.9m $54.9m 1.60% Reduced -459 -459
63 Summit Financial, LLC 0.60% of their portfolio PARSIPPANY, NJ 223,617223.6k $54.3m $54.3m 0.60% Added +7.8k +7,786
64 Abacus Planning Group, Inc. 6.65% of their portfolio COLUMBIA, SC 221,445221.4k $53.8m $53.8m 6.65% Added +8.9k +8,894
65 FIFTH THIRD BANCORP 0.09% of their portfolio CINCINNATI, OH 218,163218.2k $53.0m $53.0m 0.09% Reduced -5.2k -5,179
66 Wealthspire Advisors, LLC 0.29% of their portfolio NEW YORK, NY 217,250217.2k $52.8m $52.8m 0.29% Added +11.9k +11,940
67 Corient Private Wealth LP 0.07% of their portfolio MIAMI, FL 210,635210.6k $51.2m $51.2m 0.07% Reduced -129.2k -129,206
68 Opal Wealth Advisors, LLC 10.47% of their portfolio JERICHO, NY 199,493199.5k $48.5m $48.5m 10.47% Added +1.4k +1,405
69 Beacon Pointe Advisors, LLC 0.22% of their portfolio NEWPORT BEACH, CA 196,061196.1k $47.6m $47.6m 0.22% Added +16.7k +16,690
70 Kestra Advisory Services, LLC 0.15% of their portfolio AUSTIN, TX 192,874192.9k $46.9m $46.9m 0.15% Reduced -690 -690
71 US BANCORP \DE\ 0.05% of their portfolio MINNEAPOLIS, MN 187,984188.0k $45.7m $45.7m 0.05% Added +11.9k +11,877
72 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 187,080187.1k $45.5m $45.5m 0.09% Added +13.1k +13,116
73 Foster Group, Inc. 1.19% of their portfolio WEST DES MOINES, IA 184,812184.8k $44.9m $44.9m 1.19% Reduced -2.0k -1,982
74 Comprehensive Financial Management LLC 1.47% of their portfolio Los Gatos, CA 184,376184.4k $44.8m $44.8m 1.47% Unchanged
75 MERCER GLOBAL ADVISORS INC /ADV 0.05% of their portfolio DENVER, CO 181,462181.5k $44.1m $44.1m 0.05% Added +782 +782
76 Sanctuary Advisors, LLC 0.20% of their portfolio INDIANAPOLIS, IN 174,818174.8k $42.5m $42.5m 0.20% Added +5.5k +5,517
77 TRUIST FINANCIAL CORP 0.05% of their portfolio CHARLOTTE, NC 170,343170.3k $41.4m $41.4m 0.05% Reduced -77.8k -77,797
78 FMR LLC 0.00% of their portfolio BOSTON, MA 167,237167.2k $40.6m $40.6m 0.00% Added +7.3k +7,257
79 Baird Financial Group, Inc. 0.05% of their portfolio MILWAUKEE, WI 160,911160.9k $39.1m $39.1m 0.05% Added +8.9k +8,935
80 NewEdge Advisors, LLC 0.11% of their portfolio NEW ORLEANS, LA 158,217158.2k $38.4m $38.4m 0.11% Added +4.3k +4,282
81 Equitable Holdings, Inc. 0.23% of their portfolio NEW YORK, NY 155,199155.2k $37.7m $37.7m 0.23% Added +3.4k +3,415
82 Strategies Wealth Advisors, LLC 3.32% of their portfolio GRAND RAPIDS, MI 152,687152.7k $37.1m $37.1m 3.32% Reduced -22.3k -22,251
83 Asset Management Group, Inc. 5.34% of their portfolio STAMFORD, CT 150,058150.1k $36.5m $36.5m 5.34% Reduced -2.6k -2,605
84 Marotta Asset Management 5.97% of their portfolio CHARLOTTESVILLE, VA 147,806147.8k $35.9m $35.9m 5.97% Added +39 +39
85 WALLER FINANCIAL PLANNING GROUP, INC 7.34% of their portfolio COLUMBUS, OH 146,704146.7k $35.6m $35.6m 7.34% Reduced -10.6k -10,619
86 Waldron Private Wealth LLC 1.22% of their portfolio BRIDGEVILLE, PA 144,689144.7k $35.2m $35.2m 1.22% Reduced -12.6k -12,563
87 Aaron Wealth Advisors LLC 1.75% of their portfolio Chicago, IL 142,094142.1k $34.5m $34.5m 1.75% Reduced -8.9k -8,883
88 Northwest Quadrant Wealth Management, LLC 6.30% of their portfolio BEND, OR 139,983140.0k $34.0m $34.0m 6.30% Added +3.5k +3,483
89 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 139,326139.3k $33.9m $33.9m 0.00% Reduced -3.3k -3,294
90 Grove Street Fiduciary, LLC 13.85% of their portfolio PETERBOROUGH, NH 134,962135.0k $32.8m $32.8m 13.85% Reduced -2.7k -2,720
91 Verus Financial Partners, Inc. 2.75% of their portfolio RICHMOND, VA 132,360132.4k $32.2m $32.2m 2.75% Reduced -2.3k -2,311
92 25 LLC 8.74% of their portfolio ST. LOUIS, MO 131,378131.4k $31.9m $31.9m 8.74% Reduced -5 -5
93 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.47% of their portfolio Seattle, WA 131,099131.1k $31.9m $31.9m 0.47% Added +2.6k +2,606
94 Grey Fox Wealth Advisors, LLC 4.97% of their portfolio ROCKLAND, DE 130,298130.3k $31.7m $31.7m 4.97% Added +6.5k +6,514
95 Wealth Architects, LLC 2.48% of their portfolio MOUNTAIN VIEW, CA 129,165129.2k $31.4m $31.4m 2.48% Reduced -2.6k -2,557
96 Merit Financial Group, LLC 0.19% of their portfolio ALPHARETTA, GA 127,220127.2k $30.9m $30.9m 0.19% Reduced -14.2k -14,175
97 Brickley Wealth Management 4.40% of their portfolio SAN MATEO, CA 126,040126.0k $30.6m $30.6m 4.40% Added +1.2k +1,213
98 &PARTNERS 0.13% of their portfolio NASHVILLE, TN 125,363125.4k $30.5m $30.5m 0.13% Added +19.8k +19,834
99 BHK Investment Advisors, LLC 9.04% of their portfolio BIRMINGHAM, AL 124,520124.5k $30.3m $30.3m 9.04% Reduced -796 -796
100 World Investment Advisors 0.44% of their portfolio LINCROFT, NJ 122,757122.8k $26.9m $26.9m 0.44% Reduced -464 -464