Vault-13

VANGUARD INDEX FDS VXF

EXTEND MKT ETF · ETP · CUSIP 922908652

912 institutional holders +10 vs Q2 2025
48,478,26548.5m shares reported held*
$10.2bnreported value*
68 new 312 added 281 reduced 44 sold out net sold ≈ $185.2m (-889.4k 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 ($14.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $209.47. Options: 3 managers hold calls ($3.2m notional), 3 hold puts ($795.5k).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 616Q4 22: 672Q1 23: 664Q2 23: 694Q3 23: 688Q4 23: 769Q1 24: 776Q2 24: 788Q3 24: 815Q4 24: 905Q1 25: 872Q2 25: 902Q3 25: 912912Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022616
Q4 2022672
Q1 2023664
Q2 2023694
Q3 2023688
Q4 2023769
Q1 2024776
Q2 2024788
Q3 2024815
Q4 2024905
Q1 2025872
Q2 2025902
Q3 2025912

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 333 bought or addedQ4 23: 282 cut or sold outQ1 24: 323 bought or addedQ1 24: 293 cut or sold outQ1 24Q2 24: 308 bought or addedQ2 24: 301 cut or sold outQ3 24: 337 bought or addedQ3 24: 296 cut or sold outQ3 24Q4 24: 348 bought or addedQ4 24: 325 cut or sold outQ1 25: 372 bought or addedQ1 25: 362 cut or sold outQ1 25Q2 25: 378 bought or addedQ2 25: 327 cut or sold outQ3 25: 380 bought or addedQ3 25: 325 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023333282
Q1 2024323293
Q2 2024308301
Q3 2024337296
Q4 2024348325
Q1 2025372362
Q2 2025378327
Q3 2025380325

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ4 24 calls: $4.1mQ4 24 puts: $588.9kQ4 24P/C 0.14Q1 25 calls: $2.7mQ1 25 puts: $568.5kQ1 25P/C 0.21Q2 25 calls: $2.4mQ2 25 puts: $269.8kQ2 25P/C 0.11Q3 25 calls: $3.2mQ3 25 puts: $795.5kQ3 25P/C 0.25
Numbers
QuarterCallsPutsP/C
Q4 2024$4.1m$588.9k0.14
Q1 2025$2.7m$568.5k0.21
Q2 2025$2.4m$269.8k0.11
Q3 2025$3.2m$795.5k0.25

Biggest buyers

MERCER GLOBAL ADVISORS INC /ADV Added +490,632+490.6k
Wealthfront Advisers LLC Added +126,083+126.1k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +115,734+115.7k
BNP PARIBAS FINANCIAL MARKETS Added +107,882+107.9k
BIP Wealth, LLC Added +98,018+98.0k
NATIONAL BANK OF CANADA /FI/ Added +70,100+70.1k
Cambridge Investment Research Advisors, Inc. Added +63,425+63.4k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +58,171+58.2k
JPMORGAN CHASE & CO Added +56,226+56.2k
FIFTH THIRD BANCORP Added +47,096+47.1k

Biggest sellers

ROYAL BANK OF CANADA Reduced -876,413-876.4k
SigFig Wealth Management, LLC Reduced -528,248-528.2k
Thrivent Financial for Lutherans Reduced -193,451-193.5k
Tenon Financial LLC Reduced -157,292-157.3k
Capitolis Liquid Global Markets LLC Sold out -106,100-106.1k
TORONTO DOMINION BANK Sold out -100,000-100.0k
NEPC LLC Reduced -84,352-84.4k
Rockefeller Capital Management L.P. Reduced -66,810-66.8k
Blue Trust, Inc. Reduced -60,692-60.7k
UBS Group AG Reduced -54,015-54.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $1.3m6.2k shares
Belvedere Trading LLC New $1.2m5.7k shares
CITADEL ADVISORS LLC Reduced $669.9k3.2k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $334.9k1.6k shares
CITADEL ADVISORS LLC New $230.3k1.1k shares
Belvedere Trading LLC New $230.3k1.1k 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 MORGAN STANLEY 0.05% of their portfolio NEW YORK, NY 3,642,8133.6m $762.6m $762.6m 0.05% Reduced -12.6k -12,597
2 Wealthfront Advisers LLC 1.68% of their portfolio Palo Alto, CA 3,409,6873.4m $713.8m $713.8m 1.68% Added +126.1k +126,083
3 ENVESTNET ASSET MANAGEMENT INC 0.17% of their portfolio Berwyn, PA 2,888,0612.9m $604.6m $604.6m 0.17% Reduced -45.4k -45,437
4 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 1,729,3941.7m $362.0m $362.0m 0.03% Added +23.4k +23,354
5 Wealthspire Advisors, LLC 1.80% of their portfolio NEW YORK, NY 1,646,3321.6m $344.6m $344.6m 1.80% Added +17.5k +17,472
6 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,293,3791.3m $270.8m $270.8m 0.00% Added +20.0k +20,037
7 FIFTH THIRD BANCORP 0.86% of their portfolio CINCINNATI, OH 1,291,0001.3m $270.3m $270.3m 0.86% Added +47.1k +47,096
8 ASSETMARK, INC 0.53% of their portfolio CONCORD, CA 1,179,1481.2m $246.8m $246.8m 0.53% Reduced -53.9k -53,933
9 LPL Financial LLC 0.06% of their portfolio FORT MILL, SC 1,013,6921.0m $212.2m $212.2m 0.06% Added +25.5k +25,483
10 US BANCORP \DE\ 0.24% of their portfolio MINNEAPOLIS, MN 982,935982.9k $205.8m $205.8m 0.24% Reduced -14.7k -14,738
11 MERCER GLOBAL ADVISORS INC /ADV 0.34% of their portfolio DENVER, CO 973,220973.2k $203.7m $203.7m 0.34% Added +490.6k +490,632
12 ROYAL BANK OF CANADA 0.03% of their portfolio TORONTO, A6 922,731922.7k $193.2m $193.2m 0.03% Reduced -876.4k -876,413
13 Focus Partners Wealth 0.30% of their portfolio ST LOUIS, MO 879,800879.8k $184.2m $184.2m 0.30% Reduced -2.0k -2,013
14 Plante Moran Financial Advisors, LLC 9.65% of their portfolio SOUTHFIELD, MI 733,430733.4k $153.5m $153.5m 9.65% Added +25.5k +25,548
15 Envestnet Portfolio Solutions, Inc. 0.56% of their portfolio BERWYN, PA 726,175726.2k $152.0m $152.0m 0.56% Added +11.6k +11,601
16 Cerity Partners LLC 0.24% of their portfolio NEW YORK, NY 712,413712.4k $149.1m $149.1m 0.24% Reduced -35.6k -35,641
17 RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio ST. PETERSBURG, FL 698,743698.7k $146.3m $146.3m 0.05% Reduced -17.2k -17,221
18 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 691,646691.6k $144.8m $144.8m 0.02% Added +4.6k +4,648
19 UBS Group AG 0.03% of their portfolio ZURICH, V8 648,475648.5k $135.8m $135.8m 0.03% Reduced -54.0k -54,015
20 SageView Advisory Group, LLC 4.48% of their portfolio Newport Beach, CA 620,159620.2k $129.8m $129.8m 4.48% Reduced -6.6k -6,590
21 Gleason Group, Inc. 12.74% of their portfolio PROSPECT, KY 605,884605.9k $126.8m $126.8m 12.74% Added +14.9k +14,852
22 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 586,454586.5k $122.8m $122.8m 0.03% Added +9.1k +9,067
23 Creative Planning 0.08% of their portfolio OVERLAND PARK, KS 492,519492.5k $103.1m $103.1m 0.08% Added +10.7k +10,662
24 Cambridge Investment Research Advisors, Inc. 0.28% of their portfolio FAIRFIELD, IA 488,318488.3k $102.2m $102.2m 0.28% Added +63.4k +63,425
25 DIVERSIFIED TRUST CO 2.01% of their portfolio MEMPHIS, TN 481,340481.3k $100.8m $100.8m 2.01% Added +15.1k +15,105
26 Stratos Wealth Partners, LTD. 1.16% of their portfolio BEACHWOOD, OH 468,336468.3k $98.0m $98.0m 1.16% Reduced -4.6k -4,605
27 TD PRIVATE CLIENT WEALTH LLC 2.13% of their portfolio NEW YORK, NY 451,129451.1k $94.4m $94.4m 2.13% Added +30.8k +30,806
28 OSAIC HOLDINGS, INC. 0.13% of their portfolio SCOTTSDALE, AZ 434,738434.7k $90.2m $90.2m 0.13% Reduced -48.6k -48,590
29 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 400,342400.3k $83.8m $83.8m 0.06% Added +6.3k +6,305
30 BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio PARIS, I0 393,543393.5k $82.4m $82.4m 0.06% Added +107.9k +107,882
31 NEPC LLC 2.05% of their portfolio Boston, MA 372,004372.0k $77.9m $77.9m 2.05% Reduced -84.4k -84,352
32 Charter Oak Capital Management, LLC 5.95% of their portfolio PORTSMOUTH, NH 362,121362.1k $75.8m $75.8m 5.95% Reduced -12.5k -12,453
33 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 357,855357.9k $74.9m $74.9m 0.05% Added +58.2k +58,171
34 Van Cleef Asset Management,Inc 7.46% of their portfolio BEACHWOOD, OH 350,810350.8k $73.4m $73.4m 7.46% Reduced -892 -892
35 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 325,322325.3k $68.1m $68.1m 0.02% Reduced -2.6k -2,556
36 NATIXIS ADVISORS, LLC 0.09% of their portfolio Boston, MA 298,916298.9k $62.6m $62.6m 0.09% Reduced -11.6k -11,574
37 COMMONWEALTH EQUITY SERVICES, LLC 0.08% of their portfolio WALTHAM, MA 285,721285.7k $59.8m $59.8m 0.08% Added +41.4k +41,393
38 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 265,216265.2k $55.5m $55.5m 0.02% Reduced -380 -380
39 Blue Trust, Inc. 0.60% of their portfolio BRENTWOOD, TN 256,571256.6k $53.7m $53.7m 0.60% Reduced -60.7k -60,692
40 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 252,352252.4k $52.8m $52.8m 0.06% Reduced -18.4k -18,363
41 COLDSTREAM CAPITAL MANAGEMENT INC 0.67% of their portfolio BELLEVUE, WA 238,255238.3k $49.9m $49.9m 0.67% Reduced -10.0k -10,023
42 COBBLESTONE CAPITAL ADVISORS LLC /NY/ 2.35% of their portfolio ROCHESTER, NY 233,545233.5k $48.9m $48.9m 2.35% Added +1.6k +1,591
43 JONES FINANCIAL COMPANIES LLLP 0.03% of their portfolio DES PERES, MO 233,275233.3k $48.8m $48.8m 0.03% Added +43.5k +43,481
44 Rockefeller Capital Management L.P. 0.10% of their portfolio NEW YORK, NY 232,612232.6k $48.7m $48.7m 0.10% Reduced -66.8k -66,810
45 Mariner, LLC 0.06% of their portfolio Overland Park, KS 224,137224.1k $46.9m $46.9m 0.06% Reduced -2.0k -2,008
46 GeoWealth Management, LLC 1.64% of their portfolio CHICAGO, IL 214,913214.9k $45.0m $45.0m 1.64% Reduced -25.9k -25,877
47 Voya Financial Advisors, Inc. 4.32% of their portfolio WINDSOR, CT 213,397213.4k $44.8m $44.8m 4.32% Reduced -3.9k -3,872
48 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 212,229212.2k $44.4m $44.4m 0.04% Added +115.7k +115,734
49 ACT WEALTH MANAGEMENT, LLC 14.62% of their portfolio PLANO, TX 199,289199.3k $41.7m $41.7m 14.62% Reduced -748 -748
50 James J. Burns & Company, LLC 6.15% of their portfolio MELVILLE, NY 197,051197.1k $41.3m $41.3m 6.15% Added +1.2k +1,220
51 Tenon Financial LLC 19.04% of their portfolio METUCHEN, NJ 177,230177.2k $37.1m $37.1m 19.04% Reduced -157.3k -157,292
52 Legacy Private Trust Co. 2.17% of their portfolio NEENAH, WI 173,292173.3k $36.3m $36.3m 2.17% Reduced -7.2k -7,151
53 MAYPORT, LLC 7.72% of their portfolio NEWTON, MA 170,140170.1k $35.6m $35.6m 7.72% Added +4.0k +4,010
54 LINCOLN NATIONAL CORP 1.00% of their portfolio RADNOR, PA 167,421167.4k $35.0m $35.0m 1.00% Reduced -2.5k -2,539
55 Investment Planning Advisors, Inc. 10.78% of their portfolio CUMMING, GA 163,676163.7k $34.3m $34.3m 10.78% Added +11.1k +11,131
56 UNITED SERVICES AUTOMOBILE ASSOCIATION 2.27% of their portfolio SAN ANTONIO, TX 154,921154.9k $32.4m $32.4m 2.27% Added +5.7k +5,742
57 MOODY NATIONAL BANK TRUST DIVISION 2.73% of their portfolio GALVESTON, TX 154,482154.5k $32.3m $32.3m 2.73% Added +8.0k +8,008
58 MML INVESTORS SERVICES, LLC 0.08% of their portfolio SPRINGFIELD, MA 150,423150.4k $31.5m $31.5m 0.08% Reduced -40.4k -40,449
59 Lido Advisors, LLC 0.13% of their portfolio Los Angeles, CA 149,821149.8k $31.4m $31.4m 0.13% Reduced -1.9k -1,873
60 MATHER GROUP, LLC. 0.31% of their portfolio CHICAGO, IL 145,623145.6k $30.5m $30.5m 0.31% Reduced -3.8k -3,837
61 Firestone Capital Management 6.14% of their portfolio SOUTH MIAMI, FL 135,744135.7k $28.4m $28.4m 6.14% Added +2.9k +2,923
62 Valmark Advisers, Inc. 0.36% of their portfolio AKRON, OH 134,429134.4k $28.1m $28.1m 0.36% Added +3.0k +3,040
63 FC Advisory LLC 8.00% of their portfolio WEST CHESTER, PA 130,619130.6k $27.3m $27.3m 8.00% Reduced -318 -318
64 Beacon Harbor Wealth Advisors, Inc. 6.16% of their portfolio VIRGINIA BEACH, VA 126,030126.0k $26.4m $26.4m 6.16% Added +170 +170
65 SlateStone Wealth, LLC 2.20% of their portfolio JUPITER, FL 121,497121.5k $25.4m $25.4m 2.20% Added +15.2k +15,243
66 New England Private Wealth Advisors LLC 3.29% of their portfolio WELLESLEY, MA 119,359119.4k $25.0m $25.0m 3.29% Added +347 +347
67 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 115,078115.1k $24.1m $24.1m 0.00% Added +56.2k +56,226
68 BIP Wealth, LLC 1.18% of their portfolio ATLANTA, GA 114,518114.5k $24.0m $24.0m 1.18% Added +98.0k +98,018
69 CYPRESS FINANCIAL PLANNING LLC 7.21% of their portfolio HADDON HEIGHTS, NJ 112,236112.2k $23.5m $23.5m 7.21% Reduced -1.3k -1,341
70 BROWN ADVISORY INC 0.03% of their portfolio BALTIMORE, MD 111,012111.0k $23.2m $23.2m 0.03% Added +28.0k +27,973
71 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 110,202110.2k $23.1m $23.1m 0.02% Added +4.5k +4,461
72 Continuum Advisory, LLC 2.28% of their portfolio EAGLE, ID 103,237103.2k $21.6m $21.6m 2.28% Added +2.0k +2,005
73 HARBOUR INVESTMENTS, INC. 0.48% of their portfolio MADISON, WI 101,692101.7k $21.3m $21.3m 0.48% Added +6.3k +6,251
74 FIRST HAWAIIAN BANK 2.64% of their portfolio HONOLULU, HI 98,49798.5k $20.6m $20.6m 2.64% Added +6.9k +6,894
75 CAPTRUST FINANCIAL ADVISORS 0.04% of their portfolio RALEIGH, NC 97,88797.9k $20.5m $20.5m 0.04% Added +3.5k +3,536
76 CIBC Private Wealth Group LLC 0.03% of their portfolio ATLANTA, GA 92,76192.8k $19.4m $19.4m 0.03% Added +7.3k +7,263
77 Fairway Wealth LLC 5.23% of their portfolio INDEPENDENCE, OH 89,06989.1k $18.6m $18.6m 5.23% Added +4.4k +4,360
78 SOL Capital Management CO 1.67% of their portfolio ROCKVILLE, MD 88,97389.0k $18.6m $18.6m 1.67% Added +3.0k +3,044
79 Private Advisor Group, LLC 0.09% of their portfolio MORRISTOWN, NJ 87,96188.0k $18.4m $18.4m 0.09% Reduced -17.3k -17,310
80 Winthrop Advisory Group LLC 1.56% of their portfolio BOSTON, MA 85,40685.4k $17.9m $17.9m 1.56% Added +11.3k +11,312
81 Strategic Investment Advisors / MI 1.56% of their portfolio FARMINGTON HILLS, MI 82,43782.4k $17.3m $17.3m 1.56% Added +106 +106
82 Affiance Financial, LLC 3.10% of their portfolio ST. LOUIS PARK, MN 81,33381.3k $17.0m $17.0m 3.10% Added +3.9k +3,918
83 FMR LLC 0.00% of their portfolio BOSTON, MA 80,37880.4k $16.8m $16.8m 0.00% Added +7.9k +7,864
84 Summit Wealth Group, LLC 3.97% of their portfolio WHITE RIVER JUNCTION, VT 78,46678.5k $16.4m $16.4m 3.97% Added +806 +806
85 D.A. DAVIDSON & CO. 0.10% of their portfolio GREAT FALLS, MT 78,32578.3k $16.4m $16.4m 0.10% Added +4.6k +4,644
86 BESSEMER GROUP INC 0.03% of their portfolio WOODBRIDGE, NJ 78,14178.1k $16.4m $16.4m 0.03% Added +285 +285
87 J.W. COLE ADVISORS, INC. 0.31% of their portfolio TAMPA, FL 78,04678.0k $16.3m $16.3m 0.31% Added +589 +589
88 BLAIR WILLIAM & CO/IL 0.04% of their portfolio CHICAGO, IL 77,38177.4k $16.2m $16.2m 0.04% Added +4.8k +4,846
89 NewEdge Advisors, LLC 0.07% of their portfolio NEW ORLEANS, LA 77,11077.1k $16.1m $16.1m 0.07% Added +11 +11
90 Keel Point, LLC 0.98% of their portfolio HUNTSVILLE, AL 75,93875.9k $15.9m $15.9m 0.98% Added +2.2k +2,219
91 N.E.W. Advisory Services LLC 1.41% of their portfolio DE PERE, WI 75,31175.3k $15.8m $15.8m 1.41% Added +2.9k +2,872
92 Aurdan Capital Management, LLC 4.96% of their portfolio Wayne, PA 74,42974.4k $15.6m $15.6m 4.96% Added +4.6k +4,559
93 PRINCIPAL SECURITIES, INC. 0.25% of their portfolio DES MOINES, IA 73,70673.7k $15.4m $15.4m 0.25% Added +3.6k +3,569
94 NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio MONTREAL, A8 70,40070.4k $14.7m $14.7m 0.02% Added +70.1k +70,100
95 Columbia River Financial Group, LLC 9.10% of their portfolio VANCOUVER, WA 70,19470.2k $14.8m $14.8m 9.10% Reduced -283 -283
96 BRIGHTON SECURITIES CORP. 7.45% of their portfolio ROCHESTER, NY 68,31068.3k $14.3m $14.3m 7.45% Reduced -2.7k -2,689
97 Asio Capital, LLC 2.10% of their portfolio LEXINGTON, KY 67,09167.1k $14.0m $14.0m 2.10% Added +2.5k +2,527
98 West Financial Advisors, LLC 2.28% of their portfolio DES MOINES, IA 65,93565.9k $13.8m $13.8m 2.28% Reduced -972 -972
99 SMI Advisory Services, LLC 2.62% of their portfolio COLUMBUS, IN 65,25365.3k $13.8m $13.8m 2.62% Reduced -944 -944
100 Applied Capital LLC 5.50% of their portfolio LITTLE ROCK, AR 65,17265.2k $13.6m $13.6m 5.50% Added +877 +877