Vault-13

VANGUARD INDEX FDS VV

LARGE CAP ETF · ETP · CUSIP 922908637

1,334 institutional holders +63 vs Q3 2025
103,556,688103.6m shares reported held*
$32.6bnreported value*
70 new 401 added 437 reduced 53 sold out net bought ≈ $149.7m (+462.0k 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 ($219.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $314.80. Options: 2 managers hold calls ($5.5m notional), 3 hold puts ($2.7m).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 824Q4 22: 892Q1 23: 897Q2 23: 930Q3 23: 941Q4 23: 1,041Q1 24: 1,047Q2 24: 1,046Q3 24: 1,103Q4 24: 1,186Q1 25: 1,190Q2 25: 1,231Q3 25: 1,271Q4 25: 1,3341,334Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 2022824
Q4 2022892
Q1 2023897
Q2 2023930
Q3 2023941
Q4 20231,041
Q1 20241,047
Q2 20241,046
Q3 20241,103
Q4 20241,186
Q1 20251,190
Q2 20251,231
Q3 20251,271
Q4 20251,334

Buyers vs sellers

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

Bought or addedCut or sold out
5000500Q1 24: 410 bought or addedQ1 24: 392 cut or sold outQ2 24: 361 bought or addedQ2 24: 393 cut or sold outQ2 24Q3 24: 429 bought or addedQ3 24: 390 cut or sold outQ4 24: 416 bought or addedQ4 24: 428 cut or sold outQ4 24Q1 25: 476 bought or addedQ1 25: 437 cut or sold outQ2 25: 437 bought or addedQ2 25: 429 cut or sold outQ2 25Q3 25: 457 bought or addedQ3 25: 482 cut or sold outQ4 25: 471 bought or addedQ4 25: 490 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024410392
Q2 2024361393
Q3 2024429390
Q4 2024416428
Q1 2025476437
Q2 2025437429
Q3 2025457482
Q4 2025471490

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ1 25 calls: $8.9mQ1 25 puts: $5.6mQ1 25P/C 0.63Q2 25 calls: $7.6mQ2 25 puts: $3.0mQ2 25P/C 0.39Q3 25 calls: $6.1mQ3 25 puts: $1.9mQ3 25P/C 0.31Q4 25 calls: $5.5mQ4 25 puts: $2.7mQ4 25P/C 0.50
Numbers
QuarterCallsPutsP/C
Q1 2025$8.9m$5.6m0.63
Q2 2025$7.6m$3.0m0.39
Q3 2025$6.1m$1.9m0.31
Q4 2025$5.5m$2.7m0.50

Biggest buyers

Johnson Financial Group, LLC Added +908,240+908.2k
JONES FINANCIAL COMPANIES LLLP Added +514,854+514.9k
Corient Private Wealth LP Added +338,128+338.1k
AlphaCore Capital LLC Added +196,140+196.1k
VANGUARD GROUP INC Added +182,325+182.3k
Lido Advisors, LLC Added +163,667+163.7k
BlackRock, Inc. Added +126,596+126.6k
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +104,226+104.2k
Cerity Partners LLC Added +92,539+92.5k
Orion Porfolio Solutions, LLC Added +74,676+74.7k

Biggest sellers

TIAA TRUST, NATIONAL ASSOCIATION Reduced -529,529-529.5k
Wealthspire Advisors, LLC Reduced -495,641-495.6k
JPMORGAN CHASE & CO Reduced -332,948-332.9k
Creative Planning Reduced -177,766-177.8k
OBSIDIAN CIO, LLC Reduced -142,512-142.5k
MORGAN STANLEY Reduced -110,335-110.3k
Balentine LLC Reduced -87,691-87.7k
WELLS FARGO & COMPANY/MN Reduced -85,113-85.1k
WELLINGTON MANAGEMENT GROUP LLP Sold out -68,646-68.6k
TWO SIGMA INVESTMENTS, LP Sold out -57,900-57.9k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.3m13.6k shares
CITADEL ADVISORS LLC Reduced $1.2m3.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.1m6.6k shares
Cresset Asset Management, LLC New $346.3k1.1k shares
CITADEL ADVISORS LLC New $314.8k1.0k 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 JONES FINANCIAL COMPANIES LLLP 3.42% of their portfolio DES PERES, MO 17,839,20517.8m $5.6bn $5.6bn 3.42% Added +514.9k +514,854
2 Creative Planning 2.75% of their portfolio OVERLAND PARK, KS 12,216,95912.2m $3.8bn $3.8bn 2.75% Reduced -177.8k -177,766
3 National Mutual Insurance Federation of Agricultural Cooperatives 15.10% of their portfolio TOKYO, JAPAN, M0 6,543,3176.5m $2.1bn $2.1bn 15.10% Unchanged
4 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 3,862,2173.9m $1.2bn $1.2bn 0.02% Added +182.3k +182,325
5 BANK OF AMERICA CORP /DE/ 0.06% of their portfolio CHARLOTTE, NC 2,787,5452.8m $877.5m $877.5m 0.06% Reduced -32.5k -32,475
6 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.55% of their portfolio MILWAUKEE, WI 2,761,1562.8m $869.2m $869.2m 0.55% Added +15.8k +15,832
7 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 2,721,3732.7m $856.7m $856.7m 0.05% Reduced -110.3k -110,335
8 Johnson Financial Group, LLC 48.94% of their portfolio Denver, CO 2,511,8712.5m $790.7m $790.7m 48.94% Added +908.2k +908,240
9 UBS Group AG 0.14% of their portfolio ZURICH, V8 2,206,1002.2m $694.5m $694.5m 0.14% Reduced -51.2k -51,183
10 PNC Financial Services Group, Inc. 0.36% of their portfolio Pittsburgh, PA 2,106,3382.1m $663.1m $663.1m 0.36% Added +184 +184
11 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.09% of their portfolio SAN FRANCISCO, CA 1,925,6761.9m $606.2m $606.2m 0.09% Reduced -12.9k -12,933
12 FMR LLC 0.02% of their portfolio BOSTON, MA 1,545,9111.5m $486.7m $486.7m 0.02% Reduced -10.2k -10,152
13 WELLS FARGO & COMPANY/MN 0.09% of their portfolio SAN FRANCISCO, CA 1,450,3141.5m $456.6m $456.6m 0.09% Reduced -85.1k -85,113
14 ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio Berwyn, PA 1,421,5051.4m $447.5m $447.5m 0.13% Reduced -18.1k -18,143
15 MONETA GROUP INVESTMENT ADVISORS LLC 3.13% of their portfolio ST LOUIS, MO 1,314,8151.3m $413.9m $413.9m 3.13% Added +10.5k +10,487
16 Wealthquest Corp 28.00% of their portfolio CINCINNATI, OH 1,177,8131.2m $370.8m $370.8m 28.00% Reduced -3.0k -2,967
17 Capital Asset Advisory Services LLC 14.13% of their portfolio Williamston, MI 1,101,3301.1m $351.6m $351.6m 14.13% Added +52.1k +52,084
18 AXXCESS WEALTH MANAGEMENT, LLC 5.95% of their portfolio CARLSBAD, CA 1,058,7051.1m $333.3m $333.3m 5.95% Added +10.1k +10,079
19 ROYAL BANK OF CANADA 0.05% of their portfolio TORONTO, A6 814,241814.2k $256.3m $256.3m 0.05% Added +25.9k +25,867
20 AMERIPRISE FINANCIAL INC 0.06% of their portfolio MINNEAPOLIS, MN 806,090806.1k $253.8m $253.8m 0.06% Reduced -31.0k -31,025
21 LPL Financial LLC 0.07% of their portfolio FORT MILL, SC 763,854763.9k $240.5m $240.5m 0.07% Reduced -22.4k -22,386
22 Pathstone Holdings, LLC 0.92% of their portfolio ENGLEWOOD, NJ 755,705755.7k $237.9m $237.9m 0.92% Reduced -28.2k -28,217
23 RAYMOND JAMES FINANCIAL INC 0.07% of their portfolio ST. PETERSBURG, FL 737,887737.9k $232.3m $232.3m 0.07% Added +12.1k +12,136
24 Wealthfront Advisers LLC 0.50% of their portfolio Palo Alto, CA 717,802717.8k $226.0m $226.0m 0.50% Reduced -24.0k -23,962
25 Voya Financial Advisors, Inc. 21.27% of their portfolio WINDSOR, CT 697,528697.5k $221.5m $221.5m 21.27% Added +6.0k +6,023
26 VANTAGEPOINT INVESTMENT ADVISERS LLC 1.65% of their portfolio WASHINGTON, DC 651,803651.8k $205.2m $205.2m 1.65% Unchanged
27 TIAA TRUST, NATIONAL ASSOCIATION 0.45% of their portfolio CHARLOTTE, NC 596,692596.7k $187.8m $187.8m 0.45% Reduced -529.5k -529,529
28 Mariner, LLC 0.22% of their portfolio Overland Park, KS 588,298588.3k $185.2m $185.2m 0.22% Added +14.3k +14,334
29 Wealthspire Advisors, LLC 1.37% of their portfolio NEW YORK, NY 545,331545.3k $171.7m $171.7m 1.37% Reduced -495.6k -495,641
30 Focus Partners Wealth 0.19% of their portfolio ST LOUIS, MO 521,864521.9k $164.2m $164.2m 0.19% Added +2.9k +2,926
31 Cresset Asset Management, LLC 0.69% of their portfolio Chicago, IL 518,465518.5k $163.2m $163.2m 0.69% Reduced -24.1k -24,101
32 Bleakley Financial Group, LLC 2.78% of their portfolio PARSIPPANY, NJ 508,666508.7k $160.1m $160.1m 2.78% Reduced -34.5k -34,510
33 James J. Burns & Company, LLC 21.75% of their portfolio MELVILLE, NY 500,774500.8k $157.6m $157.6m 21.75% Reduced -9.2k -9,164
34 COLDSTREAM CAPITAL MANAGEMENT INC 1.84% of their portfolio BELLEVUE, WA 452,584452.6k $142.5m $142.5m 1.84% Reduced -5.4k -5,367
35 Garde Capital, Inc. 8.04% of their portfolio SEATTLE, WA 431,032431.0k $135.7m $135.7m 8.04% Reduced -179 -179
36 Corient Private Wealth LP 0.09% of their portfolio MIAMI, FL 430,877430.9k $135.5m $135.5m 0.09% Added +338.1k +338,128
37 Mason & Associates, LLC 30.52% of their portfolio NEWPORT NEWS, VA 426,437426.4k $134.2m $134.2m 30.52% Reduced -45.3k -45,304
38 GeoWealth Management, LLC 4.93% of their portfolio CHICAGO, IL 424,463424.5k $133.6m $133.6m 4.93% Reduced -26.3k -26,305
39 Cetera Investment Advisers 0.14% of their portfolio SCHAUMBURG, IL 394,304394.3k $124.1m $124.1m 0.14% Added +9.1k +9,135
40 Ballentine Partners, LLC 1.72% of their portfolio Waltham, MA 389,642389.6k $122.7m $122.7m 1.72% Reduced -294 -294
41 COMMONWEALTH EQUITY SERVICES, LLC 0.16% of their portfolio WALTHAM, MA 389,535389.5k $122.6m $122.6m 0.16% Reduced -9.7k -9,733
42 Baltimore-Washington Financial Advisors, Inc. 4.98% of their portfolio Columbia, MD 380,128380.1k $119.7m $119.7m 4.98% Added +3.1k +3,093
43 Millburn Ridgefield LLC /DE/ 2.84% of their portfolio New York, NY 378,439378.4k $119.1m $119.1m 2.84% Reduced -20.5k -20,470
44 Catalyst Capital Advisors LLC 2.45% of their portfolio San Juan, PR 378,439378.4k $119.1m $119.1m 2.45% Reduced -20.5k -20,470
45 SIGNATUREFD, LLC 1.81% of their portfolio ATLANTA, GA 376,011376.0k $118.4m $118.4m 1.81% Reduced -6.5k -6,467
46 Heartwood Wealth Advisors LLC 10.38% of their portfolio RICHMOND, VA 357,852357.9k $112.7m $112.7m 10.38% Added +3.1k +3,145
47 PITTENGER & ANDERSON INC 4.10% of their portfolio LINCOLN, NE 338,478338.5k $106.6m $106.6m 4.10% Added +2.7k +2,730
48 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 338,002338.0k $106.4m $106.4m 0.02% Reduced -22.0k -22,018
49 Equitable Holdings, Inc. 0.69% of their portfolio NEW YORK, NY 319,892319.9k $100.7m $100.7m 0.69% Reduced -15.8k -15,782
50 Plante Moran Financial Advisors, LLC 6.12% of their portfolio SOUTHFIELD, MI 307,042307.0k $96.7m $96.7m 6.12% Reduced -11.8k -11,790
51 Norinchukin Bank, The 1.10% of their portfolio TOKYO, M0 300,000300.0k $94.4m $94.4m 1.10% Unchanged
52 MML INVESTORS SERVICES, LLC 0.23% of their portfolio SPRINGFIELD, MA 298,560298.6k $94.0m $94.0m 0.23% Reduced -149 -149
53 Truepoint, Inc. 2.11% of their portfolio CINCINNATI, OH 298,425298.4k $93.9m $93.9m 2.11% Reduced -7.8k -7,843
54 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 296,716296.7k $93.4m $93.4m 0.01% Reduced -332.9k -332,948
55 MilWealth Group LLC 21.95% of their portfolio MILWAUKEE, WI 292,935292.9k $92.2m $92.2m 21.95% Reduced -3.7k -3,674
56 FIFTH THIRD BANCORP 0.28% of their portfolio CINCINNATI, OH 283,597283.6k $89.3m $89.3m 0.28% Reduced -6.1k -6,078
57 AGF MANAGEMENT LTD 0.36% of their portfolio TORONTO, A6 265,951266.0k $83.7m $83.7m 0.36% Reduced -2.3k -2,282
58 RIVERSEDGE ADVISORS, LLC 13.51% of their portfolio Wilmington, DE 263,959264.0k $83.1m $83.1m 13.51% Added +32.5k +32,488
59 IMA Advisory Services, Inc. 7.92% of their portfolio DENVER, CO 262,685262.7k $82.5m $82.5m 7.92% Added +12.7k +12,697
60 AlphaCore Capital LLC 1.77% of their portfolio LA JOLLA, CA 249,888249.9k $78.7m $78.7m 1.77% Added +196.1k +196,140
61 CAPTRUST FINANCIAL ADVISORS 0.15% of their portfolio RALEIGH, NC 247,164247.2k $77.8m $77.8m 0.15% Added +2.7k +2,674
62 Baker Avenue Asset Management, LP 1.78% of their portfolio SAN FRANCISCO, CA 244,967245.0k $77.1m $77.1m 1.78% Added +7.0k +6,977
63 OSAIC HOLDINGS, INC. 0.11% of their portfolio SCOTTSDALE, AZ 237,339237.3k $74.7m $74.7m 0.11% Added +3.0k +2,984
64 JUNCTURE WEALTH STRATEGIES, LLC 24.44% of their portfolio SCOTTSDALE, AZ 235,880235.9k $74.3m $74.3m 24.44% Reduced -2.1k -2,095
65 Transamerica Financial Advisors, LLC 6.15% of their portfolio CEDAR RAPIDS, IA 233,818233.8k $73.6m $73.6m 6.15% Reduced -21.8k -21,770
66 Parallel Advisors, LLC 1.25% of their portfolio SAN FRANCISCO, CA 215,883215.9k $68.0m $68.0m 1.25% Reduced -2.4k -2,360
67 Cerity Partners LLC 0.10% of their portfolio NEW YORK, NY 208,500208.5k $65.6m $65.6m 0.10% Added +92.5k +92,539
68 Addis & Hill, Inc 39.61% of their portfolio WAYNE, PA 207,702207.7k $65.4m $65.4m 39.61% Reduced -950 -950
69 TRUST POINT INC. 5.14% of their portfolio LA CROSSE, WI 206,674206.7k $65.1m $65.1m 5.14% Reduced -10.0k -9,987
70 Jaffetilchin Investment Partners, LLC 3.75% of their portfolio TAMPA, FL 203,639203.6k $64.1m $64.1m 3.75% Added +1.0k +1,017
71 Lido Advisors, LLC 0.24% of their portfolio Los Angeles, CA 190,217190.2k $59.7m $59.7m 0.24% Added +163.7k +163,667
72 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.08% of their portfolio PLYMOUTH, MN 187,270187.3k $59.8m $59.8m 0.08% Added +1.5k +1,503
73 Sunflower Bank, N.A. 14.78% of their portfolio DALLAS, TX 186,361186.4k $58.7m $58.7m 14.78% Reduced -23.9k -23,915
74 BlackRock, Inc. 0.00% of their portfolio New York, NY 180,740180.7k $56.9m $56.9m 0.00% Added +126.6k +126,596
75 Hurlow Wealth Management Group, Inc. 13.80% of their portfolio BLOOMINGTON, IN 179,130179.1k $56.4m $56.4m 13.80% Added +6.3k +6,343
76 Financial Planning Navigators CORP 24.76% of their portfolio MAPLE GROVE, MN 171,317171.3k $53.9m $53.9m 24.76% First filing
77 Acropolis Investment Management, LLC 2.37% of their portfolio ST. LOUIS, MO 167,164167.2k $52.6m $52.6m 2.37% Reduced -4.2k -4,236
78 VSM Wealth Advisory, LLC 15.63% of their portfolio HUNT VALLEY, MD 165,337165.3k $52.0m $52.0m 15.63% Reduced -3.5k -3,494
79 IEQ CAPITAL, LLC 0.15% of their portfolio Foster City, CA 163,381163.4k $51.4m $51.4m 0.15% Reduced -173 -173
80 Kathmere Capital Management, LLC 3.42% of their portfolio WAYNE, PA 161,146161.1k $50.7m $50.7m 3.42% Added +4.8k +4,753
81 Cambridge Investment Research Advisors, Inc. 0.13% of their portfolio FAIRFIELD, IA 160,556160.6k $50.5m $50.5m 0.13% Added +15.5k +15,451
82 Badgley Phelps Wealth Managers, LLC 0.91% of their portfolio SEATTLE, WA 158,440158.4k $49.9m $49.9m 0.91% Reduced -8.2k -8,171
83 QRG CAPITAL MANAGEMENT, INC. 0.54% of their portfolio BERWYN, PA 154,188154.2k $48.5m $48.5m 0.54% Reduced -7.1k -7,058
84 JMG Financial Group, Ltd. 1.31% of their portfolio DOWNERS GROVE, IL 147,550147.6k $46.4m $46.4m 1.31% Reduced -4.4k -4,402
85 Haverford Trust Co 0.37% of their portfolio Radnor, PA 131,887131.9k $41.5m $41.5m 0.37% Reduced -27.0k -26,960
86 MERCER GLOBAL ADVISORS INC /ADV 0.06% of their portfolio DENVER, CO 131,278131.3k $41.3m $41.3m 0.06% Added +17.0k +16,978
87 WOODARD & CO ASSET MANAGEMENT GROUP INC /ADV 6.49% of their portfolio BERMUDA RUN, NC 130,203130.2k $41.0m $41.0m 6.49% Reduced -2.4k -2,413
88 Pure Financial Advisors, LLC 0.60% of their portfolio SAN DIEGO, CA 129,331129.3k $40.7m $40.7m 0.60% Added +667 +667
89 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 125,766125.8k $39.6m $39.6m 0.01% Reduced -37 -37
90 McIlrath & Eck, LLC 3.65% of their portfolio ARLINGTON, WA 124,823124.8k $39.3m $39.3m 3.65% Reduced -19.9k -19,889
91 AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio Greenwich, CT 123,117123.1k $38.8m $38.8m 0.02% Added +19.9k +19,877
92 Koesten, Hirschmann & Crabtree, INC. 18.30% of their portfolio OVERLAND PARK, KS 118,180118.2k $37.2m $37.2m 18.30% Reduced -3.3k -3,293
93 Quantinno Capital Management LP 0.07% of their portfolio NEW YORK, NY 116,593116.6k $36.7m $36.7m 0.07% Added +20.4k +20,357
94 HighTower Advisors, LLC 0.04% of their portfolio CHICAGO, IL 114,009114.0k $35.9m $35.9m 0.04% Added +4.3k +4,264
95 SCS Capital Management LLC 0.38% of their portfolio BOSTON, MA 112,902112.9k $35.5m $35.5m 0.38% Reduced -328 -328
96 SAGE FINANCIAL GROUP INC 2.30% of their portfolio W. CONSHOHOCKEN, PA 110,598110.6k $34.8m $34.8m 2.30% Reduced -2.9k -2,940
97 Latigo Investments, LLC 16.88% of their portfolio FORT LAUDERDALE, FL 108,982109.0k $34.3m $34.3m 16.88% Unchanged
98 Betterment LLC 0.06% of their portfolio NEW YORK, NY 107,899107.9k $34.0m $34.0m 0.06% Added +556 +556
99 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 104,226104.2k $32.8m $32.8m 0.01% New
100 LEAVELL INVESTMENT MANAGEMENT, INC. 1.36% of their portfolio MOBILE, AL 104,094104.1k $32.8m $32.8m 1.36% Reduced -220 -220