Vault-13

VANGUARD INDEX FDS VO

MID CAP ETF · ETP · CUSIP 922908629

2,374 institutional holders +152 vs Q3 2025
213,482,992213.5m shares reported held*
$61.9bnreported value*
97 new 1,049 added 681 reduced 85 sold out net bought ≈ $1.4bn (+4.7m 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 ($270.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $290.05. Options: 3 managers hold calls ($17.9m notional), 3 hold puts ($7.6m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,506Q4 22: 1,621Q1 23: 1,621Q2 23: 1,657Q3 23: 1,656Q4 23: 1,835Q1 24: 1,868Q2 24: 1,889Q3 24: 1,936Q4 24: 2,142Q1 25: 2,130Q2 25: 2,175Q3 25: 2,222Q4 25: 2,3742,374Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 20221,506
Q4 20221,621
Q1 20231,621
Q2 20231,657
Q3 20231,656
Q4 20231,835
Q1 20241,868
Q2 20241,889
Q3 20241,936
Q4 20242,142
Q1 20252,130
Q2 20252,175
Q3 20252,222
Q4 20252,374

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ1 24: 902 bought or addedQ1 24: 717 cut or sold outQ2 24: 808 bought or addedQ2 24: 764 cut or sold outQ2 24Q3 24: 966 bought or addedQ3 24: 683 cut or sold outQ4 24: 976 bought or addedQ4 24: 711 cut or sold outQ4 24Q1 25: 1,075 bought or addedQ1 25: 838 cut or sold outQ2 25: 971 bought or addedQ2 25: 875 cut or sold outQ2 25Q3 25: 1,068 bought or addedQ3 25: 816 cut or sold outQ4 25: 1,146 bought or addedQ4 25: 766 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024902717
Q2 2024808764
Q3 2024966683
Q4 2024976711
Q1 20251,075838
Q2 2025971875
Q3 20251,068816
Q4 20251,146766

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ1 25 calls: $17.7mQ1 25 puts: $5.9mQ1 25P/C 0.33Q2 25 calls: $19.8mQ2 25 puts: $6.3mQ2 25P/C 0.32Q3 25 calls: $15.9mQ3 25 puts: $8.9mQ3 25P/C 0.56Q4 25 calls: $17.9mQ4 25 puts: $7.6mQ4 25P/C 0.42
Numbers
QuarterCallsPutsP/C
Q1 2025$17.7m$5.9m0.33
Q2 2025$19.8m$6.3m0.32
Q3 2025$15.9m$8.9m0.56
Q4 2025$17.9m$7.6m0.42

Biggest buyers

CITIGROUP INC Added +1,221,018+1.2m
WELLS FARGO & COMPANY/MN Added +763,756+763.8k
Corient Private Wealth LP Added +717,884+717.9k
BANK OF AMERICA CORP /DE/ Added +667,235+667.2k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +500,120+500.1k
US BANCORP \DE\ Added +433,401+433.4k
RAYMOND JAMES FINANCIAL INC Added +407,014+407.0k
CIBC Private Wealth Group LLC Added +335,091+335.1k
Waverly Advisors, LLC Added +288,800+288.8k
NATIXIS ADVISORS, LLC Added +278,892+278.9k

Biggest sellers

JPMORGAN CHASE & CO Reduced -2,063,584-2.1m
JONES FINANCIAL COMPANIES LLLP Reduced -1,519,725-1.5m
Wealthspire Advisors, LLC Reduced -605,773-605.8k
ENVESTNET ASSET MANAGEMENT INC Reduced -233,598-233.6k
Kestra Investment Management, LLC Reduced -213,904-213.9k
MERCER GLOBAL ADVISORS INC /ADV Reduced -209,720-209.7k
Sanctuary Advisors, LLC Reduced -164,994-165.0k
BESSEMER GROUP INC Reduced -125,404-125.4k
Pandi, LLC Sold out -115,868-115.9k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -109,835-109.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $15.1m52.1k shares
CITADEL ADVISORS LLC Added $1.9m6.4k shares
JANE STREET GROUP, LLC Reduced $928.7k3.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.7m19.8k shares
CITADEL ADVISORS LLC Added $1.8m6.1k shares
Smith & Howard Wealth Management, LLC Reduced $57.0k200 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 WELLS FARGO & COMPANY/MN 1.53% of their portfolio SAN FRANCISCO, CA 26,968,67327.0m $7.8bn $7.8bn 1.53% Added +763.8k +763,756
2 JONES FINANCIAL COMPANIES LLLP 3.80% of their portfolio DES PERES, MO 21,489,20521.5m $6.2bn $6.2bn 3.80% Reduced -1.5m -1,519,725
3 BANK OF AMERICA CORP /DE/ 0.38% of their portfolio CHARLOTTE, NC 18,130,03518.1m $5.3bn $5.3bn 0.38% Added +667.2k +667,235
4 MORGAN STANLEY 0.15% of their portfolio NEW YORK, NY 8,494,6238.5m $2.5bn $2.5bn 0.15% Added +264.4k +264,421
5 Creative Planning 1.75% of their portfolio OVERLAND PARK, KS 8,415,3588.4m $2.4bn $2.4bn 1.75% Added +84.3k +84,258
6 RAYMOND JAMES FINANCIAL INC 0.65% of their portfolio ST. PETERSBURG, FL 7,143,7837.1m $2.1bn $2.1bn 0.65% Added +407.0k +407,014
7 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 1.13% of their portfolio MILWAUKEE, WI 6,181,1626.2m $1.8bn $1.8bn 1.13% Added +154.4k +154,386
8 UBS Group AG 0.32% of their portfolio ZURICH, V8 5,568,4095.6m $1.6bn $1.6bn 0.32% Added +32.2k +32,208
9 US BANCORP \DE\ 1.72% of their portfolio MINNEAPOLIS, MN 5,044,0445.0m $1.5bn $1.5bn 1.72% Added +433.4k +433,401
10 AMERIPRISE FINANCIAL INC 0.22% of their portfolio MINNEAPOLIS, MN 3,408,5043.4m $988.9m $988.9m 0.22% Added +44.5k +44,512
11 NATIXIS ADVISORS, LLC 1.38% of their portfolio Boston, MA 3,360,8033.4m $975.4m $975.4m 1.38% Added +278.9k +278,892
12 LPL Financial LLC 0.26% of their portfolio FORT MILL, SC 3,282,2443.3m $952.6m $952.6m 0.26% Added +114.2k +114,206
13 Envestnet Portfolio Solutions, Inc. 2.82% of their portfolio BERWYN, PA 2,763,4532.8m $802.0m $802.0m 2.82% Added +104.4k +104,439
14 ENVESTNET ASSET MANAGEMENT INC 0.23% of their portfolio Berwyn, PA 2,614,4952.6m $758.8m $758.8m 0.23% Reduced -233.6k -233,598
15 MONETA GROUP INVESTMENT ADVISORS LLC 5.18% of their portfolio ST LOUIS, MO 2,357,4052.4m $684.2m $684.2m 5.18% Added +140.5k +140,516
16 PNC Financial Services Group, Inc. 0.37% of their portfolio Pittsburgh, PA 2,304,6392.3m $668.9m $668.9m 0.37% Reduced -14.8k -14,810
17 CIBC Private Wealth Group LLC 1.07% of their portfolio ATLANTA, GA 2,185,1562.2m $634.2m $634.2m 1.07% Added +335.1k +335,091
18 JPMORGAN CHASE & CO 0.04% of their portfolio NEW YORK, NY 2,137,6822.1m $620.4m $620.4m 0.04% Reduced -2.1m -2,063,584
19 Mariner, LLC 0.69% of their portfolio Overland Park, KS 2,006,6062.0m $582.4m $582.4m 0.69% Added +170.5k +170,455
20 ROYAL BANK OF CANADA 0.08% of their portfolio TORONTO, A6 1,633,7501.6m $474.1m $474.1m 0.08% Added +64.1k +64,125
21 Allworth Financial LP 1.81% of their portfolio FOLSOM, CA 1,520,8361.5m $441.4m $441.4m 1.81% Added +48.7k +48,688
22 TIAA TRUST, NATIONAL ASSOCIATION 1.04% of their portfolio CHARLOTTE, NC 1,493,8291.5m $433.5m $433.5m 1.04% Added +28.3k +28,261
23 JMG Financial Group, Ltd. 11.02% of their portfolio DOWNERS GROVE, IL 1,350,7851.4m $392.0m $392.0m 11.02% Added +21.7k +21,740
24 Cetera Investment Advisers 0.41% of their portfolio SCHAUMBURG, IL 1,279,1351.3m $371.2m $371.2m 0.41% Added +57.8k +57,793
25 CITIGROUP INC 0.25% of their portfolio NEW YORK, NY 1,255,0551.3m $364.2m $364.2m 0.25% Added +1.2m +1,221,018
26 Nicholas Hoffman & Company, LLC. 7.92% of their portfolio ATLANTA, GA 1,176,4331.2m $341.4m $341.4m 7.92% Added +3.4k +3,447
27 Border to Coast Pensions Partnership Ltd 5.79% of their portfolio LEEDS, X0 1,143,0821.1m $332.3m $332.3m 5.79% Reduced -67.1k -67,068
28 Cerity Partners LLC 0.47% of their portfolio NEW YORK, NY 1,117,1131.1m $324.7m $324.7m 0.47% Added +174.1k +174,066
29 Corient Private Wealth LP 0.21% of their portfolio MIAMI, FL 1,063,1701.1m $308.0m $308.0m 0.21% Added +717.9k +717,884
30 HighTower Advisors, LLC 0.34% of their portfolio CHICAGO, IL 1,061,6411.1m $308.1m $308.1m 0.34% Added +42.1k +42,068
31 COMMONWEALTH EQUITY SERVICES, LLC 0.40% of their portfolio WALTHAM, MA 1,043,5491.0m $302.9m $302.9m 0.40% Reduced -109.8k -109,835
32 Bank of New York Mellon Corp 0.05% of their portfolio NEW YORK, NY 1,013,0241.0m $294.0m $294.0m 0.05% Reduced -11.3k -11,262
33 Midwest Trust Co 3.64% of their portfolio Overland Park, KS 1,005,8051.0m $291.9m $291.9m 3.64% Added +43.9k +43,940
34 REGIONS FINANCIAL CORP 1.76% of their portfolio BIRMINGHAM, AL 945,481945.5k $274.4m $274.4m 1.76% Added +44.9k +44,880
35 BANK OF MONTREAL /CAN/ 0.11% of their portfolio TORONTO, A6 941,814941.8k $273.3m $273.3m 0.11% Added +180.0k +179,952
36 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 823,348823.3k $239.0m $239.0m 0.03% Added +11.4k +11,444
37 OSAIC HOLDINGS, INC. 0.31% of their portfolio SCOTTSDALE, AZ 740,392740.4k $215.1m $215.1m 0.31% Added +7.2k +7,153
38 Rockefeller Capital Management L.P. 0.39% of their portfolio NEW YORK, NY 737,477737.5k $214.0m $214.0m 0.39% Added +134.0k +133,999
39 STIFEL FINANCIAL CORP 0.19% of their portfolio ST. LOUIS, MO 711,503711.5k $206.5m $206.5m 0.19% Added +26.5k +26,527
40 Clearstead Advisors, LLC 2.57% of their portfolio CLEVELAND, OH 701,621701.6k $203.6m $203.6m 2.57% Added +4.5k +4,498
41 CBIZ Investment Advisory Services, LLC 6.86% of their portfolio INDEPENDENCE, OH 630,013630.0k $181.4m $181.4m 6.86% Added +8.7k +8,706
42 Wealthspire Advisors, LLC 1.39% of their portfolio NEW YORK, NY 602,087602.1k $174.7m $174.7m 1.39% Reduced -605.8k -605,773
43 Pathstone Holdings, LLC 0.66% of their portfolio ENGLEWOOD, NJ 594,107594.1k $172.3m $172.3m 0.66% Reduced -8.1k -8,139
44 First Command Advisory Services, Inc. 1.15% of their portfolio FORT WORTH, TX 567,215567.2k $164.6m $164.6m 1.15% Added +7.6k +7,588
45 Beacon Pointe Advisors, LLC 1.13% of their portfolio NEWPORT BEACH, CA 554,178554.2k $160.8m $160.8m 1.13% Added +1.6k +1,565
46 Baird Financial Group, Inc. 0.25% of their portfolio MILWAUKEE, WI 552,805552.8k $160.4m $160.4m 0.25% Added +7.5k +7,521
47 SigFig Wealth Management, LLC 4.78% of their portfolio SAN FRANCISCO, CA 552,458552.5k $160.3m $160.3m 4.78% Added +13.6k +13,581
48 1832 Asset Management L.P. 0.20% of their portfolio TORONTO, A6 541,319541.3k $157.1m $157.1m 0.20% Added +5.3k +5,261
49 Cresset Asset Management, LLC 0.65% of their portfolio Chicago, IL 529,150529.1k $153.6m $153.6m 0.65% Added +194.5k +194,473
50 FMR LLC 0.01% of their portfolio BOSTON, MA 523,424523.4k $151.9m $151.9m 0.01% Added +25.5k +25,494
51 MassMutual Private Wealth & Trust, FSB 3.89% of their portfolio Windsor, CT 521,244521.2k $151.3m $151.3m 3.89% Reduced -2.9k -2,899
52 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 500,120500.1k $145.1m $145.1m 0.03% New
53 TRUIST FINANCIAL CORP 0.19% of their portfolio CHARLOTTE, NC 480,133480.1k $139.3m $139.3m 0.19% Reduced -87.7k -87,662
54 Joel Isaacson & Co., LLC 4.46% of their portfolio NEW YORK, NY 465,531465.5k $135.1m $135.1m 4.46% Added +36.0k +36,032
55 MERCER GLOBAL ADVISORS INC /ADV 0.20% of their portfolio DENVER, CO 451,908451.9k $131.2m $131.2m 0.20% Reduced -209.7k -209,720
56 Cullen/Frost Bankers, Inc. 1.41% of their portfolio San Antonio, TX 441,169441.2k $128.0m $128.0m 1.41% Added +18.5k +18,491
57 Bleakley Financial Group, LLC 2.18% of their portfolio PARSIPPANY, NJ 432,631432.6k $125.6m $125.6m 2.18% Added +33.3k +33,300
58 FIFTH THIRD BANCORP 0.39% of their portfolio CINCINNATI, OH 423,105423.1k $122.8m $122.8m 0.39% Reduced -431 -431
59 INVICTUS PRIVATE WEALTH, LLC 7.41% of their portfolio Denver, CO 421,932421.9k $122.5m $122.5m 7.41% Added +13.1k +13,062
60 Janney Montgomery Scott LLC 0.27% of their portfolio PHILADELPHIA, PA 407,474407.5k $118.3m $118.3m 0.27% Added +22.2k +22,189
61 Chicago Partners Investment Group LLC 2.85% of their portfolio CHICAGO, IL 386,482386.5k $115.4m $115.4m 2.85% Added +6.7k +6,679
62 MML INVESTORS SERVICES, LLC 0.27% of their portfolio SPRINGFIELD, MA 384,043384.0k $111.5m $111.5m 0.27% Added +28.0k +27,951
63 Financial Synergies Wealth Advisors, Inc. 10.73% of their portfolio HOUSTON, TX 382,860382.9k $111.1m $111.1m 10.73% Added +10.6k +10,647
64 Millburn Ridgefield LLC /DE/ 2.62% of their portfolio New York, NY 379,615379.6k $110.2m $110.2m 2.62% Unchanged
65 Catalyst Capital Advisors LLC 2.26% of their portfolio San Juan, PR 379,615379.6k $110.2m $110.2m 2.26% Unchanged
66 COUNTRY TRUST BANK 1.83% of their portfolio Bloomington, IL 348,110348.1k $101.0m $101.0m 1.83% Added +165.0k +165,022
67 Waverly Advisors, LLC 0.81% of their portfolio BIRMINGHAM, AL 343,322343.3k $99.6m $99.6m 0.81% Added +288.8k +288,800
68 National Philanthropic Trust 0.98% of their portfolio Jenkintown, PA 342,408342.4k $99.4m $99.4m 0.98% Added +45.0k +44,982
69 Equitable Holdings, Inc. 0.67% of their portfolio NEW YORK, NY 338,421338.4k $98.2m $98.2m 0.67% Added +1.2k +1,249
70 Kestra Advisory Services, LLC 0.40% of their portfolio AUSTIN, TX 333,407333.4k $96.8m $96.8m 0.40% Added +12.4k +12,445
71 ASSETMARK, INC 0.20% of their portfolio CONCORD, CA 333,134333.1k $96.7m $96.7m 0.20% Added +16.0k +15,961
72 CAPTRUST FINANCIAL ADVISORS 0.18% of their portfolio RALEIGH, NC 331,262331.3k $96.1m $96.1m 0.18% Reduced -4.6k -4,578
73 Kestra Investment Management, LLC 2.33% of their portfolio AUSTIN, TX 328,543328.5k $95.3m $95.3m 2.33% Reduced -213.9k -213,904
74 TRUSTMARK BANK TRUST DEPARTMENT 5.85% of their portfolio JACKSON, MS 319,438319.4k $92.7m $92.7m 5.85% Reduced -13.0k -12,985
75 NewEdge Advisors, LLC 0.33% of their portfolio NEW ORLEANS, LA 314,888314.9k $91.4m $91.4m 0.33% Added +31.9k +31,887
76 Merit Financial Group, LLC 0.73% of their portfolio ALPHARETTA, GA 313,237313.2k $90.9m $90.9m 0.73% Added +59.1k +59,116
77 Pine Ridge Advisers LLC 6.12% of their portfolio NEW YORK, NY 306,122306.1k $88.8m $88.8m 6.12% Unchanged
78 CENTRAL TRUST Co 1.69% of their portfolio JEFFERSON CITY, MO 297,040297.0k $86.2m $86.2m 1.69% Added +11.5k +11,461
79 Nadler Financial Group, Inc. 7.76% of their portfolio DEERFIELD, IL 287,558287.6k $83.5m $83.5m 7.76% Added +5.8k +5,780
80 Cambridge Investment Research Advisors, Inc. 0.22% of their portfolio FAIRFIELD, IA 287,373287.4k $83.4m $83.4m 0.22% Added +11.6k +11,621
81 PITTENGER & ANDERSON INC 3.12% of their portfolio LINCOLN, NE 279,656279.7k $81.2m $81.2m 3.12% Added +7.0k +7,045
82 AXXCESS WEALTH MANAGEMENT, LLC 1.36% of their portfolio CARLSBAD, CA 263,042263.0k $76.3m $76.3m 1.36% Added +9.3k +9,273
83 Capital Asset Advisory Services LLC 3.10% of their portfolio Williamston, MI 257,702257.7k $77.2m $77.2m 3.10% Added +18.5k +18,535
84 Betterment LLC 0.14% of their portfolio NEW YORK, NY 257,568257.6k $74.8m $74.8m 0.14% Added +18.7k +18,691
85 &PARTNERS 0.39% of their portfolio NASHVILLE, TN 253,708253.7k $73.8m $73.8m 0.39% Added +30.7k +30,694
86 CX Institutional 2.19% of their portfolio AUBURN, IN 253,045253.0k $73.4m $73.4m 2.19% Added +36.6k +36,587
87 OPPENHEIMER ASSET MANAGEMENT INC. 0.90% of their portfolio NEW YORK, NY 252,244252.2k $73.2m $73.2m 0.90% Reduced -4.5k -4,468
88 Smithfield Trust Co 3.24% of their portfolio PITTSBURGH, PA 252,205252.2k $73.2m $73.2m 3.24% Reduced -2.8k -2,837
89 SilverOak Wealth Management LLC 11.13% of their portfolio Edina, MN 244,785244.8k $71.0m $71.0m 11.13% Added +14.4k +14,373
90 PEAPACK GLADSTONE FINANCIAL CORP 0.89% of their portfolio BEDMINSTER, NJ 244,189244.2k $70.9m $70.9m 0.89% Added +10.4k +10,446
91 Schneider Downs Wealth Management Advisors, LP 7.94% of their portfolio Pittsburgh, PA 242,562242.6k $70.4m $70.4m 7.94% Added +4.4k +4,384
92 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio Toronto, A6 237,030237.0k $68.8m $68.8m 0.06% Reduced -7.0k -7,028
93 Associated Banc-Corp 1.74% of their portfolio Green Bay, WI 234,703234.7k $68.1m $68.1m 1.74% Added +49.7k +49,731
94 Thrivent Financial for Lutherans 0.12% of their portfolio Minneapolis, MN 228,741228.7k $66.5m $66.5m 0.12% Added +154.8k +154,762
95 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.09% of their portfolio PLYMOUTH, MN 228,092228.1k $68.3m $68.3m 0.09% Added +4.6k +4,595
96 PDS Planning, Inc 4.42% of their portfolio DUBLIN, OH 227,783227.8k $66.1m $66.1m 4.42% Added +3.9k +3,913
97 Venture Visionary Partners LLC 2.12% of their portfolio Sylvania, OH 222,980223.0k $64.9m $64.9m 2.12% Reduced -3.0k -3,003
98 Private Advisor Group, LLC 0.30% of their portfolio MORRISTOWN, NJ 221,285221.3k $64.2m $64.2m 0.30% Reduced -995 -995
99 Performa Ltd (US), LLC 15.76% of their portfolio CHARLESTON, SC 214,058214.1k $62.1m $62.1m 15.76% Added +19.1k +19,085
100 Connecticut Wealth Management, LLC 2.68% of their portfolio FARMINGTON, CT 212,194212.2k $61.6m $61.6m 2.68% Reduced -6.1k -6,055