Vault-13

VANGUARD INDEX FDS VUG

GROWTH ETF · ETP · CUSIP 922908736

2,742 institutional holders -76 vs Q4 2025
287,800,877287.8m shares reported held*
$116.8bnreported value*
99 new 1,190 added 969 reduced 158 sold out net bought ≈ $2.1bn (+15.1m 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 ($236.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $405.94. Options: 4 managers hold calls ($139.8m notional), 6 hold puts ($152.7m).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,558Q4 22: 1,671Q1 23: 1,722Q2 23: 1,828Q3 23: 1,839Q4 23: 2,049Q1 24: 2,099Q2 24: 2,164Q3 24: 2,229Q4 24: 2,508Q1 25: 2,455Q2 25: 2,504Q3 25: 2,610Q4 25: 2,818Q1 26: 2,7422,742Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 20221,558
Q4 20221,671
Q1 20231,722
Q2 20231,828
Q3 20231,839
Q4 20232,049
Q1 20242,099
Q2 20242,164
Q3 20242,229
Q4 20242,508
Q1 20252,455
Q2 20252,504
Q3 20252,610
Q4 20252,818
Q1 20262,742

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 24: 925 bought or addedQ2 24: 865 cut or sold outQ3 24: 1,002 bought or addedQ3 24: 868 cut or sold outQ3 24Q4 24: 1,081 bought or addedQ4 24: 852 cut or sold outQ1 25: 1,097 bought or addedQ1 25: 1,048 cut or sold outQ1 25Q2 25: 1,110 bought or addedQ2 25: 990 cut or sold outQ3 25: 1,144 bought or addedQ3 25: 991 cut or sold outQ3 25Q4 25: 1,162 bought or addedQ4 25: 1,063 cut or sold outQ1 26: 1,289 bought or addedQ1 26: 1,127 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024925865
Q3 20241,002868
Q4 20241,081852
Q1 20251,0971,048
Q2 20251,110990
Q3 20251,144991
Q4 20251,1621,063
Q1 20261,2891,127

Calls vs puts

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

CallsPuts
$0$100m$200m$300mQ2 25 calls: $155.9mQ2 25 puts: $202.5mQ2 25P/C 1.30Q3 25 calls: $162.6mQ3 25 puts: $87.2mQ3 25P/C 0.54Q4 25 calls: $228.2mQ4 25 puts: $60.7mQ4 25P/C 0.27Q1 26 calls: $139.8mQ1 26 puts: $152.7mQ1 26P/C 1.09
Numbers
QuarterCallsPutsP/C
Q2 2025$155.9m$202.5m1.30
Q3 2025$162.6m$87.2m0.54
Q4 2025$228.2m$60.7m0.27
Q1 2026$139.8m$152.7m1.09

Biggest buyers

MONETA GROUP INVESTMENT ADVISORS LLC Added +7,114,129+7.1m
BANK OF AMERICA CORP /DE/ Added +6,771,524+6.8m
Mountain Capital Investment Advisors Inc. Added +1,317,323+1.3m
ENVESTNET ASSET MANAGEMENT INC Added +1,040,585+1.0m
Chicago Partners Investment Group LLC Added +755,720+755.7k
Systematic Alpha Investments, LLC Added +653,358+653.4k
MORGAN STANLEY Added +478,009+478.0k
UBS Group AG Added +454,224+454.2k
VestGen Advisors, LLC Added +451,995+452.0k
RAYMOND JAMES FINANCIAL INC Added +246,574+246.6k

Biggest sellers

TIAA TRUST, NATIONAL ASSOCIATION Reduced -3,466,011-3.5m
Corient Private Wealth LP Reduced -1,582,041-1.6m
Balentine LLC Reduced -1,278,426-1.3m
Align Financial, LLC Reduced -875,879-875.9k
CAHILL FINANCIAL ADVISORS INC Reduced -289,322-289.3k
ALLIANCEBERNSTEIN L.P. Reduced -282,253-282.3k
Battery Global Advisors, LLC Reduced -222,207-222.2k
Kensington Asset Management, LLC Sold out -220,810-220.8k
Venturi Wealth Management, LLC Reduced -214,842-214.8k
Provida Pension Fund Administrator Reduced -203,615-203.6k

Biggest calls

CITADEL ADVISORS LLC Reduced $58.9m134.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $49.3m112.8k shares
JANE STREET GROUP, LLC Added $29.5m67.5k shares
Belvedere Trading LLC Reduced $2.2m5.0k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $61.6m141.1k shares
CITADEL ADVISORS LLC Added $52.5m120.3k shares
JANE STREET GROUP, LLC Added $35.2m80.6k shares
Belvedere Trading LLC Added $2.5m5.7k shares
LPL Financial LLC New $611.5k1.4k shares
UBS Group AG New $218.4k500 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 1.74% of their portfolio CHARLOTTE, NC 54,648,81854.6m $23.9bn $23.9bn 1.74% Added +6.8m +6,771,524
2 JONES FINANCIAL COMPANIES LLLP 7.96% of their portfolio DES PERES, MO 39,228,80939.2m $16.6bn $16.6bn 7.96% Reduced -153.2k -153,174
3 MORGAN STANLEY 0.39% of their portfolio NEW YORK, NY 14,863,77014.9m $6.5bn $6.5bn 0.39% Added +478.0k +478,009
4 ENVESTNET ASSET MANAGEMENT INC 1.02% of their portfolio Berwyn, PA 8,696,2138.7m $3.8bn $3.8bn 1.02% Added +1.0m +1,040,585
5 MONETA GROUP INVESTMENT ADVISORS LLC 4.65% of their portfolio ST LOUIS, MO 8,485,0808.5m $617.7m $617.7m 4.65% Added +7.1m +7,114,129
6 Financial Engines Advisors L.L.C. 0.96% of their portfolio SANTA CLARA, CA 6,503,1556.5m $473.4m $473.4m 0.96% Added +8.5k +8,481
7 UBS Group AG 0.47% of their portfolio ZURICH, V8 6,068,7866.1m $2.7bn $2.7bn 0.47% Added +454.2k +454,224
8 LPL Financial LLC 0.63% of their portfolio FORT MILL, SC 5,395,8325.4m $2.4bn $2.4bn 0.63% Reduced -95.1k -95,066
9 WELLS FARGO & COMPANY/MN 0.39% of their portfolio SAN FRANCISCO, CA 4,427,0804.4m $1.9bn $1.9bn 0.39% Added +103.9k +103,877
10 AMERIPRISE FINANCIAL INC 0.41% of their portfolio MINNEAPOLIS, MN 4,022,9424.0m $1.8bn $1.8bn 0.41% Added +136.6k +136,624
11 EP Wealth Advisors, LLC 7.84% of their portfolio TORRANCE, CA 3,651,2633.7m $1.6bn $1.6bn 7.84% Added +187.0k +187,033
12 RAYMOND JAMES FINANCIAL INC 0.48% of their portfolio ST. PETERSBURG, FL 3,575,2133.6m $1.6bn $1.6bn 0.48% Added +246.6k +246,574
13 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 5.78% of their portfolio CHARLOTTE, NC 3,441,9903.4m $1.5bn $1.5bn 5.78% First filing
14 FMR LLC 0.06% of their portfolio BOSTON, MA 2,579,3052.6m $1.1bn $1.1bn 0.06% Reduced -9.8k -9,805
15 Mill Creek Capital Advisors, LLC 22.41% of their portfolio Conshohocken, PA 2,497,3622.5m $1.1bn $1.1bn 22.41% Added +15.4k +15,432
16 Cetera Investment Advisers 1.07% of their portfolio SCHAUMBURG, IL 2,298,5492.3m $1.0bn $1.0bn 1.07% Added +174.5k +174,490
17 PNC Financial Services Group, Inc. 0.58% of their portfolio Pittsburgh, PA 2,285,9432.3m $998.5m $998.5m 0.58% Reduced -600 -600
18 ROYAL BANK OF CANADA 0.19% of their portfolio TORONTO, A6 2,249,0692.2m $982.4m $982.4m 0.19% Added +61.4k +61,421
19 RWA WEALTH PARTNERS, LLC 10.51% of their portfolio BOSTON, MA 2,198,2472.2m $960.2m $960.2m 10.51% Reduced -42.3k -42,333
20 JPMORGAN CHASE & CO 0.06% of their portfolio NEW YORK, NY 1,947,4961.9m $818.0m $818.0m 0.06% Added +154.6k +154,565
21 Mariner, LLC 0.97% of their portfolio Overland Park, KS 1,898,1951.9m $829.1m $829.1m 0.97% Added +65.8k +65,835
22 Bank of New York Mellon Corp 0.15% of their portfolio NEW YORK, NY 1,812,1961.8m $791.5m $791.5m 0.15% Reduced -101.5k -101,517
23 D.A. DAVIDSON & CO. 4.80% of their portfolio GREAT FALLS, MT 1,811,2091.8m $791.1m $791.1m 4.80% Added +37.8k +37,840
24 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.48% of their portfolio MILWAUKEE, WI 1,775,9491.8m $775.7m $775.7m 0.48% Added +24.3k +24,325
25 HighTower Advisors, LLC 0.74% of their portfolio CHICAGO, IL 1,589,1881.6m $694.3m $694.3m 0.74% Added +12.4k +12,392
26 COMMONWEALTH EQUITY SERVICES, LLC 0.97% of their portfolio WALTHAM, MA 1,585,2711.6m $692.4m $692.4m 0.97% Reduced -66.3k -66,259
27 Mountain Capital Investment Advisors Inc. 19.44% of their portfolio WESTMINSTER, CO 1,569,1131.6m $131.0m $131.0m 19.44% Added +1.3m +1,317,323
28 SEI INVESTMENTS CO 0.59% of their portfolio OAKS, PA 1,472,0341.5m $643.0m $643.0m 0.59% Added +15.6k +15,613
29 Corient Private Wealth LP 0.88% of their portfolio MIAMI, FL 1,417,2381.4m $617.7m $617.7m 0.88% Reduced -1.6m -1,582,041
30 Provida Pension Fund Administrator 9.91% of their portfolio LAS CONDES, SANTIAGO, F3 1,348,5781.3m $589.0m $589.0m 9.91% Reduced -203.6k -203,615
31 CAPTRUST FINANCIAL ADVISORS 1.01% of their portfolio RALEIGH, NC 1,323,2561.3m $577.9m $577.9m 1.01% Added +12.7k +12,684
32 Performance Wealth Partners, LLC 16.15% of their portfolio HINSDALE, IL 1,274,3841.3m $556.6m $556.6m 16.15% Reduced -5.1k -5,133
33 Modera Wealth Management, LLC 6.50% of their portfolio WESTWOOD, NJ 1,241,4571.2m $542.3m $542.3m 6.50% Added +44.7k +44,669
34 OSAIC HOLDINGS, INC. 0.78% of their portfolio SCOTTSDALE, AZ 1,226,0041.2m $535.8m $535.8m 0.78% Added +197.4k +197,436
35 GOLDMAN SACHS GROUP INC 0.07% of their portfolio NEW YORK, NY 1,204,4031.2m $526.1m $526.1m 0.07% Added +24.2k +24,240
36 VANTAGEPOINT INVESTMENT ADVISERS LLC 4.27% of their portfolio WASHINGTON, DC 1,153,8601.2m $504.0m $504.0m 4.27% Added +66.0k +65,967
37 Wellspring Financial Advisors, LLC 0.88% of their portfolio CLEVELAND, OH 1,042,0541.0m $11.8m $11.8m 0.88% Added +3.5k +3,534
38 CHOREO, LLC 5.58% of their portfolio ROCKFORD, IL 1,040,0171.0m $454.3m $454.3m 5.58% Added +23.9k +23,933
39 TRUIST FINANCIAL CORP 0.61% of their portfolio CHARLOTTE, NC 1,037,2161.0m $453.0m $453.0m 0.61% Reduced -40.8k -40,784
40 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 8.75% of their portfolio LOS ANGELES, CA 989,422989.4k $432.2m $432.2m 8.75% Reduced -36.5k -36,450
41 MISSION WEALTH MANAGEMENT, LP 9.02% of their portfolio Santa Barbara, CA 986,756986.8k $431.0m $431.0m 9.02% Added +5.5k +5,531
42 CITIGROUP INC 0.27% of their portfolio NEW YORK, NY 963,703963.7k $420.9m $420.9m 0.27% Added +29.0k +28,982
43 Chicago Partners Investment Group LLC 1.68% of their portfolio CHICAGO, IL 904,369904.4k $75.1m $75.1m 1.68% Added +755.7k +755,720
44 CBIZ Investment Advisory Services, LLC 14.44% of their portfolio INDEPENDENCE, OH 904,105904.1k $394.9m $394.9m 14.44% Added +76.4k +76,401
45 TWO SIGMA INVESTMENTS, LP 0.32% of their portfolio NEW YORK, NY 875,880875.9k $382.6m $382.6m 0.32% Added +59.0k +59,040
46 NATIXIS ADVISORS, LLC 0.09% of their portfolio Boston, MA 844,309844.3k $61.5m $61.5m 0.09% Added +66.5k +66,518
47 Merit Financial Group, LLC 2.68% of their portfolio ALPHARETTA, GA 824,223824.2k $360.0m $360.0m 2.68% Added +6.3k +6,328
48 Systematic Alpha Investments, LLC 2.01% of their portfolio PRINCETON, NJ 784,030784.0k $57.1m $57.1m 2.01% Added +653.4k +653,358
49 Waverly Advisors, LLC 2.53% of their portfolio BIRMINGHAM, AL 773,094773.1k $337.7m $337.7m 2.53% Added +36.4k +36,428
50 STIFEL FINANCIAL CORP 0.30% of their portfolio ST. LOUIS, MO 738,592738.6k $322.6m $322.6m 0.30% Reduced -2.7k -2,741
51 Focus Partners Wealth 0.34% of their portfolio ST LOUIS, MO 724,683724.7k $309.2m $309.2m 0.34% Added +18.4k +18,419
52 LINCOLN NATIONAL CORP 9.09% of their portfolio RADNOR, PA 719,053719.1k $314.1m $314.1m 9.09% Added +52.9k +52,872
53 Waldron Private Wealth LLC 12.04% of their portfolio BRIDGEVILLE, PA 706,880706.9k $308.8m $308.8m 12.04% Added +115.2k +115,188
54 Sanctuary Advisors, LLC 1.65% of their portfolio INDIANAPOLIS, IN 698,101698.1k $304.9m $304.9m 1.65% Added +6.4k +6,365
55 Cerity Partners LLC 0.43% of their portfolio NEW YORK, NY 696,274696.3k $305.4m $305.4m 0.43% Added +140.2k +140,239
56 Wealthspire Advisors, LLC 2.32% of their portfolio NEW YORK, NY 677,349677.3k $295.9m $295.9m 2.32% Added +77.4k +77,422
57 MML INVESTORS SERVICES, LLC 0.80% of their portfolio SPRINGFIELD, MA 663,015663.0k $289.6m $289.6m 0.80% Reduced -110.7k -110,746
58 Cullen/Frost Bankers, Inc. 3.26% of their portfolio San Antonio, TX 656,256656.3k $286.6m $286.6m 3.26% Added +45.8k +45,776
59 CWM, LLC 0.75% of their portfolio OMAHA, NE 653,482653.5k $285.4m $285.4m 0.75% Added +9.9k +9,905
60 Equitable Holdings, Inc. 1.51% of their portfolio NEW YORK, NY 652,398652.4k $234.2m $234.2m 1.51% Reduced -139.6k -139,616
61 Baird Financial Group, Inc. 0.44% of their portfolio MILWAUKEE, WI 641,405641.4k $280.2m $280.2m 0.44% Added +16.3k +16,295
62 Kestra Advisory Services, LLC 1.05% of their portfolio AUSTIN, TX 632,054632.1k $276.1m $276.1m 1.05% Added +57.7k +57,705
63 COLDSTREAM CAPITAL MANAGEMENT INC 3.35% of their portfolio BELLEVUE, WA 622,805622.8k $272.0m $272.0m 3.35% Reduced -2.4k -2,415
64 Rockefeller Capital Management L.P. 0.48% of their portfolio NEW YORK, NY 614,604614.6k $268.5m $268.5m 0.48% Added +21.7k +21,688
65 Beacon Pointe Advisors, LLC 1.42% of their portfolio NEWPORT BEACH, CA 613,960614.0k $268.2m $268.2m 1.42% Added +91.9k +91,903
66 Bell Bank 11.26% of their portfolio FARGO, ND 608,080608.1k $265.6m $265.6m 11.26% Added +17.4k +17,440
67 ASSETMARK, INC 0.53% of their portfolio CONCORD, CA 593,629593.6k $259.3m $259.3m 0.53% Added +83.8k +83,808
68 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 583,438583.4k $254.8m $254.8m 0.04% Reduced -5.3k -5,333
69 UNITED CAPITAL FINANCIAL ADVISORS, LLC 1.49% of their portfolio IRVING, TX 554,536554.5k $242.2m $242.2m 1.49% Added +12.2k +12,185
70 Cambridge Investment Research Advisors, Inc. 0.61% of their portfolio FAIRFIELD, IA 538,579538.6k $235.2m $235.2m 0.61% Added +25.7k +25,735
71 Retirement Investment Advisors, Inc. 20.69% of their portfolio OKLAHOMA CITY, OK 526,893526.9k $257.0m $257.0m 20.69% Added +32 +32
72 VestGen Advisors, LLC 1.21% of their portfolio CHICAGO, IL 498,438498.4k $43.1m $43.1m 1.21% Added +452.0k +451,995
73 MATHER GROUP, LLC. 2.13% of their portfolio CHICAGO, IL 489,387489.4k $213.8m $213.8m 2.13% Added +1.6k +1,562
74 Private Advisor Group, LLC 0.97% of their portfolio MORRISTOWN, NJ 471,472471.5k $205.9m $205.9m 0.97% Added +7.1k +7,091
75 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.45% of their portfolio PLYMOUTH, MN 467,125467.1k $205.7m $205.7m 0.45% Reduced -141.3k -141,294
76 Garde Capital, Inc. 11.55% of their portfolio SEATTLE, WA 441,618441.6k $192.9m $192.9m 11.55% Reduced -9.2k -9,151
77 Avior Wealth Management, LLC 5.39% of their portfolio OMAHA, NE 435,418435.4k $189.9m $189.9m 5.39% Reduced -11.9k -11,866
78 Brookstone Capital Management 2.13% of their portfolio WHEATON, IL 426,934426.9k $186.5m $186.5m 2.13% Added +17.5k +17,540
79 INVICTUS PRIVATE WEALTH, LLC 11.50% of their portfolio Denver, CO 425,548425.5k $185.9m $185.9m 11.50% Added +6.4k +6,417
80 Truepoint, Inc. 4.12% of their portfolio CINCINNATI, OH 423,091423.1k $184.8m $184.8m 4.12% Added +9.6k +9,623
81 WOODMONT INVESTMENT COUNSEL LLC 11.17% of their portfolio NASHVILLE, TN 415,008415.0k $181.3m $181.3m 11.17% Added +8.8k +8,821
82 STEPHENS GROUP ASSET MANAGEMENT, LLC 11.40% of their portfolio LITTLE ROCK, AR 409,574409.6k $178.9m $178.9m 11.40% Added +91.9k +91,866
83 NewEdge Advisors, LLC 0.64% of their portfolio NEW ORLEANS, LA 404,600404.6k $176.7m $176.7m 0.64% Reduced -1.3k -1,302
84 EverSource Wealth Advisors, LLC 4.88% of their portfolio BIRMINGHAM, AL 365,669365.7k $159.7m $159.7m 4.88% Added +172.9k +172,873
85 BESSEMER GROUP INC 0.25% of their portfolio WOODBRIDGE, NJ 364,752364.8k $159.3m $159.3m 0.25% Added +37.0k +37,042
86 Creative Planning 0.11% of their portfolio OVERLAND PARK, KS 360,936360.9k $157.7m $157.7m 0.11% Reduced -18.3k -18,329
87 BOK Financial Private Wealth, Inc. 9.39% of their portfolio DENVER, CO 356,081356.1k $155.5m $155.5m 9.39% Reduced -3.1k -3,090
88 Japan Science & Technology Agency 3.19% of their portfolio TOKYO, M0 350,953351.0k $153.3m $153.3m 3.19% Unchanged
89 BANK OF HAWAII 7.92% of their portfolio HONOLULU, HI 346,312346.3k $151.3m $151.3m 7.92% Reduced -722 -722
90 Sequoia Financial Advisors, LLC 0.85% of their portfolio Akron, OH 345,470345.5k $150.9m $150.9m 0.85% Added +36.2k +36,209
91 Cornerstone Management, Inc. 23.90% of their portfolio DULUTH, GA 343,333343.3k $150.0m $150.0m 23.90% Added +22.2k +22,163
92 MOSAIC FAMILY WEALTH PARTNERS, LLC 15.04% of their portfolio ST. LOUIS, MO 336,299336.3k $146.9m $146.9m 15.04% Added +6.5k +6,455
93 Everhart Financial Group, Inc. 12.11% of their portfolio Dublin, OH 325,657325.7k $142.2m $142.2m 12.11% Added +41.1k +41,116
94 Rezny Wealth Management, Inc. 30.47% of their portfolio Fort Myers, FL 323,977324.0k $141.5m $141.5m 30.47% Added +3.0k +3,015
95 Betterment LLC 0.27% of their portfolio NEW YORK, NY 321,772321.8k $140.5m $140.5m 0.27% Added +6.9k +6,918
96 &PARTNERS 0.69% of their portfolio NASHVILLE, TN 321,083321.1k $140.5m $140.5m 0.69% Added +20.5k +20,451
97 SIMON QUICK ADVISORS, LLC 6.25% of their portfolio MORRISTOWN, NJ 312,649312.6k $136.6m $136.6m 6.25% Reduced -7.8k -7,808
98 Balentine LLC 5.49% of their portfolio ATLANTA, GA 312,246312.2k $136.4m $136.4m 5.49% Reduced -1.3m -1,278,426
99 FIFTH THIRD BANCORP 0.25% of their portfolio CINCINNATI, OH 309,709309.7k $135.3m $135.3m 0.25% Added +125.7k +125,703
100 Orion Porfolio Solutions, LLC 1.14% of their portfolio OMAHA, NE 306,658306.7k $133.9m $133.9m 1.14% Reduced -10.2k -10,213