Vault-13

VANGUARD INDEX FDS VTV

VALUE ETF · ETP · CUSIP 922908744

2,374 institutional holders +4 vs Q4 2024
541,733,019541.7m shares reported held*
$93.2bnreported value*
120 new 1,113 added 782 reduced 102 sold out net bought ≈ $2.5bn (+14.9m 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 ($68.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $172.12. Options: 6 managers hold calls ($30.6m notional), 5 hold puts ($11.1m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,647Q4 22: 1,829Q1 23: 1,800Q2 23: 1,830Q3 23: 1,843Q4 23: 2,043Q1 24: 2,063Q2 24: 2,070Q3 24: 2,146Q4 24: 2,370Q1 25: 2,3742,374Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,647
Q4 20221,829
Q1 20231,800
Q2 20231,830
Q3 20231,843
Q4 20232,043
Q1 20242,063
Q2 20242,070
Q3 20242,146
Q4 20242,370
Q1 20252,374

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 23: 830 bought or addedQ2 23: 800 cut or sold outQ3 23: 906 bought or addedQ3 23: 744 cut or sold outQ3 23Q4 23: 916 bought or addedQ4 23: 788 cut or sold outQ1 24: 957 bought or addedQ1 24: 921 cut or sold outQ1 24Q2 24: 942 bought or addedQ2 24: 856 cut or sold outQ3 24: 1,096 bought or addedQ3 24: 776 cut or sold outQ3 24Q4 24: 1,129 bought or addedQ4 24: 787 cut or sold outQ1 25: 1,233 bought or addedQ1 25: 884 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023830800
Q3 2023906744
Q4 2023916788
Q1 2024957921
Q2 2024942856
Q3 20241,096776
Q4 20241,129787
Q1 20251,233884

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ2 24 calls: $134.4mQ2 24 puts: $5.6mQ2 24P/C 0.04Q3 24 calls: $164.6mQ3 24 puts: $46.3mQ3 24P/C 0.28Q4 24 calls: $90.5mQ4 24 puts: $15.7mQ4 24P/C 0.17Q1 25 calls: $30.6mQ1 25 puts: $11.1mQ1 25P/C 0.36
Numbers
QuarterCallsPutsP/C
Q2 2024$134.4m$5.6m0.04
Q3 2024$164.6m$46.3m0.28
Q4 2024$90.5m$15.7m0.17
Q1 2025$30.6m$11.1m0.36

Biggest buyers

Caisse de depot et placement du Quebec New +4,853,562+4.9m
BANK OF AMERICA CORP /DE/ Added +4,045,204+4.0m
MORGAN STANLEY Added +1,242,118+1.2m
Bell Bank New +1,233,208+1.2m
PARTNERS CAPITAL INVESTMENT GROUP, LLP Added +856,928+856.9k
Balentine LLC Added +646,396+646.4k
Everhart Financial Group, Inc. Added +548,675+548.7k
AMERIPRISE FINANCIAL INC Added +531,068+531.1k
Orion Portfolio Solutions, LLC Added +502,843+502.8k
HighTower Advisors, LLC Added +471,994+472.0k

Biggest sellers

Pacific Life Fund Advisors LLC Sold out -1,726,139-1.7m
BlackRock, Inc. Reduced -1,247,788-1.2m
Saudi Central Bank Sold out -756,686-756.7k
Bank of New York Mellon Corp Reduced -740,264-740.3k
Focus Partners Wealth Reduced -547,502-547.5k
RWA WEALTH PARTNERS, LLC Reduced -532,292-532.3k
FIRST HAWAIIAN BANK Sold out -399,648-399.6k
Members Trust Co Reduced -393,484-393.5k
CSM Advisors, LLC Reduced -374,583-374.6k
SCS Capital Management LLC Reduced -312,239-312.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $17.4m100.8k shares
JANE STREET GROUP, LLC Reduced $5.6m32.7k shares
CITADEL ADVISORS LLC Reduced $4.9m28.2k shares
Twin Tree Management, LP Reduced $2.1m12.4k shares
Belvedere Trading LLC Unchanged $431.9k2.5k shares
Lavaca Capital LLC New $51.8k300 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $5.4m31.5k shares
CITADEL ADVISORS LLC Reduced $3.2m18.3k shares
Lavaca Capital LLC Unchanged $2.5m14.2k shares
UBS Group AG New $69.1k400 shares
Quaker Wealth Management, LLC First filing $8645 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 1.91% of their portfolio CHARLOTTE, NC 124,303,042124.3m $21.5bn $21.5bn 1.91% Added +4.0m +4,045,204
2 JONES FINANCIAL COMPANIES LLLP 8.28% of their portfolio DES PERES, MO 54,080,35254.1m $9.2bn $9.2bn 8.28% Added +222.3k +222,265
3 MORGAN STANLEY 0.40% of their portfolio NEW YORK, NY 32,115,59432.1m $5.5bn $5.5bn 0.40% Added +1.2m +1,242,118
4 ENVESTNET ASSET MANAGEMENT INC 1.13% of their portfolio Berwyn, PA 20,213,78620.2m $3.5bn $3.5bn 1.13% Added +107.4k +107,405
5 UBS Group AG 0.51% of their portfolio ZURICH, V8 13,425,96613.4m $2.3bn $2.3bn 0.51% Added +204.1k +204,139
6 AMERIPRISE FINANCIAL INC 0.50% of their portfolio MINNEAPOLIS, MN 10,683,06210.7m $1.8bn $1.8bn 0.50% Added +531.1k +531,068
7 LPL Financial LLC 0.67% of their portfolio FORT MILL, SC 9,985,00910.0m $1.7bn $1.7bn 0.67% Added +442.4k +442,395
8 RAYMOND JAMES FINANCIAL INC 0.50% of their portfolio ST. PETERSBURG, FL 7,683,7317.7m $1.3bn $1.3bn 0.50% Added +70.5k +70,549
9 WELLS FARGO & COMPANY/MN 0.30% of their portfolio SAN FRANCISCO, CA 7,121,2007.1m $1.2bn $1.2bn 0.30% Reduced -56.1k -56,099
10 TIAA TRUST, NATIONAL ASSOCIATION 3.50% of their portfolio CHARLOTTE, NC 6,499,2316.5m $1.1bn $1.1bn 3.50% Added +270.1k +270,146
11 CAPTRUST FINANCIAL ADVISORS 2.45% of their portfolio RALEIGH, NC 5,644,7555.6m $975.1m $975.1m 2.45% Added +138.6k +138,597
12 Mill Creek Capital Advisors, LLC 22.50% of their portfolio Conshohocken, PA 5,377,4755.4m $928.9m $928.9m 22.50% Reduced -44.7k -44,737
13 ROYAL BANK OF CANADA 0.21% of their portfolio TORONTO, A6 5,316,4525.3m $918.4m $918.4m 0.21% Added +61.1k +61,093
14 Betterment LLC 2.14% of their portfolio NEW YORK, NY 5,225,4765.2m $902.6m $902.6m 2.14% Reduced -223.2k -223,195
15 D.A. DAVIDSON & CO. 7.19% of their portfolio GREAT FALLS, MT 5,184,8075.2m $895.6m $895.6m 7.19% Added +72.6k +72,569
16 Caisse de depot et placement du Quebec 1.76% of their portfolio Montreal, A8 4,853,5624.9m $838.4m $838.4m 1.76% New
17 FMR LLC 0.05% of their portfolio BOSTON, MA 4,650,4544.7m $803.3m $803.3m 0.05% Reduced -52.9k -52,905
18 Mariner, LLC 1.29% of their portfolio Overland Park, KS 4,482,7654.5m $774.2m $774.2m 1.29% Added +422.5k +422,499
19 RWA WEALTH PARTNERS, LLC 9.54% of their portfolio BOSTON, MA 4,379,7174.4m $756.6m $756.6m 9.54% Reduced -532.3k -532,292
20 PNC Financial Services Group, Inc. 0.38% of their portfolio Pittsburgh, PA 4,226,1224.2m $730.0m $730.0m 0.38% Added +69.7k +69,677
21 JPMORGAN CHASE & CO 0.05% of their portfolio NEW YORK, NY 3,564,7483.6m $615.8m $615.8m 0.05% Added +93.3k +93,289
22 Bank of New York Mellon Corp 0.12% of their portfolio NEW YORK, NY 3,541,2183.5m $611.7m $611.7m 0.12% Reduced -740.3k -740,264
23 SEI INVESTMENTS CO 0.77% of their portfolio OAKS, PA 3,483,1963.5m $601.7m $601.7m 0.77% Added +104.6k +104,637
24 COMMONWEALTH EQUITY SERVICES, LLC 0.84% of their portfolio WALTHAM, MA 3,434,9613.4m $593.4m $593.4m 0.84% Reduced -76.4k -76,425
25 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.47% of their portfolio MILWAUKEE, WI 3,358,7723.4m $580.2m $580.2m 0.47% Added +94.4k +94,354
26 GOLDMAN SACHS GROUP INC 0.11% of their portfolio NEW YORK, NY 3,319,0373.3m $573.3m $573.3m 0.11% Reduced -81.4k -81,424
27 AVANTAX ADVISORY SERVICES, INC. 3.46% of their portfolio DALLAS, TX 3,302,3723.3m $570.5m $570.5m 3.46% Added +154.6k +154,610
28 TRUIST FINANCIAL CORP 0.85% of their portfolio CHARLOTTE, NC 3,050,7133.1m $527.0m $527.0m 0.85% Added +51.4k +51,383
29 HighTower Advisors, LLC 0.69% of their portfolio CHICAGO, IL 2,924,9942.9m $505.3m $505.3m 0.69% Added +472.0k +471,994
30 Provida Pension Fund Administrator 9.73% of their portfolio LAS CONDES, SANTIAGO, F3 2,794,7332.8m $482.7m $482.7m 9.73% Added +364.3k +364,282
31 CHURCHILL MANAGEMENT Corp 5.60% of their portfolio Los Angeles, CA 2,557,1002.6m $441.7m $441.7m 5.60% Reduced -5.8k -5,848
32 Cetera Investment Advisers 0.82% of their portfolio SCHAUMBURG, IL 2,452,0432.5m $423.6m $423.6m 0.82% Added +115.8k +115,803
33 EP Wealth Advisors, LLC 3.29% of their portfolio TORRANCE, CA 2,383,0972.4m $411.7m $411.7m 3.29% Reduced -97.9k -97,865
34 MISSION WEALTH MANAGEMENT, LP 9.82% of their portfolio Santa Barbara, CA 2,264,7822.3m $391.2m $391.2m 9.82% Added +38.7k +38,727
35 CHOREO, LLC 5.75% of their portfolio ROCKFORD, IL 2,143,7832.1m $370.3m $370.3m 5.75% Reduced -19.8k -19,805
36 CBIZ Investment Advisory Services, LLC 16.94% of their portfolio INDEPENDENCE, OH 2,002,8532.0m $346.0m $346.0m 16.94% Added +34.1k +34,061
37 OSAIC HOLDINGS, INC. 0.71% of their portfolio SCOTTSDALE, AZ 1,832,0061.8m $316.6m $316.6m 0.71% Reduced -187.0k -186,980
38 Richard Bernstein Advisors LLC 7.61% of their portfolio NEW YORK, NY 1,821,6561.8m $314.7m $314.7m 7.61% Reduced -64.0k -64,020
39 MONETA GROUP INVESTMENT ADVISORS LLC 4.25% of their portfolio ST LOUIS, MO 1,786,4521.8m $308.6m $308.6m 4.25% Added +70.9k +70,891
40 PARTNERS CAPITAL INVESTMENT GROUP, LLP 4.86% of their portfolio BOSTON, MA 1,663,0471.7m $287.3m $287.3m 4.86% Added +856.9k +856,928
41 Modera Wealth Management, LLC 3.89% of their portfolio WESTWOOD, NJ 1,662,7441.7m $287.2m $287.2m 3.89% Added +31.7k +31,687
42 Facet Wealth, Inc. 7.14% of their portfolio WEST PALM BEACH, FL 1,644,7661.6m $275.8m $275.8m 7.14% Reduced -46.0k -45,985
43 Members Trust Co 9.79% of their portfolio TAMPA, FL 1,626,9881.6m $281.0m $281.0m 9.79% Reduced -393.5k -393,484
44 ASSETMARK, INC 0.75% of their portfolio CONCORD, CA 1,586,2901.6m $274.0m $274.0m 0.75% Reduced -69.2k -69,177
45 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 1,576,5701.6m $272.3m $272.3m 0.05% Reduced -68.0k -67,977
46 CITIGROUP INC 0.20% of their portfolio NEW YORK, NY 1,509,8891.5m $260.8m $260.8m 0.20% Added +431.4k +431,363
47 STIFEL FINANCIAL CORP 0.27% of their portfolio ST. LOUIS, MO 1,493,4841.5m $258.0m $258.0m 0.27% Added +54.3k +54,283
48 Waldron Private Wealth LLC 11.78% of their portfolio BRIDGEVILLE, PA 1,443,8811.4m $249.4m $249.4m 11.78% Added +128.2k +128,185
49 LINCOLN NATIONAL CORP 7.94% of their portfolio RADNOR, PA 1,426,4771.4m $246.4m $246.4m 7.94% Added +13.8k +13,829
50 Baird Financial Group, Inc. 0.47% of their portfolio MILWAUKEE, WI 1,414,7041.4m $244.4m $244.4m 0.47% Added +24.0k +24,026
51 UNITED CAPITAL FINANCIAL ADVISORS, LLC 2.06% of their portfolio IRVING, TX 1,393,5681.4m $240.7m $240.7m 2.06% Added +33.3k +33,266
52 MML INVESTORS SERVICES, LLC 0.77% of their portfolio SPRINGFIELD, MA 1,341,2541.3m $231.7m $231.7m 0.77% Reduced -106.6k -106,561
53 Money Design Co.,Ltd. 11.36% of their portfolio TOKYO, M0 1,319,2081.3m $227.9m $227.9m 11.36% Reduced -35.1k -35,128
54 Retirement Investment Advisors, Inc. 21.81% of their portfolio OKLAHOMA CITY, OK 1,246,9641.2m $215.4m $215.4m 21.81% Added +54.7k +54,669
55 Equitable Holdings, Inc. 2.03% of their portfolio NEW YORK, NY 1,235,1581.2m $213.4m $213.4m 2.03% Added +221.5k +221,502
56 Bell Bank 11.50% of their portfolio FARGO, ND 1,233,2081.2m $213.0m $213.0m 11.50% New
57 MATHER GROUP, LLC. 2.42% of their portfolio CHICAGO, IL 1,213,9201.2m $209.7m $209.7m 2.42% Added +79.7k +79,674
58 Sanctuary Advisors, LLC 1.46% of their portfolio INDIANAPOLIS, IN 1,200,5321.2m $207.4m $207.4m 1.46% Added +43.8k +43,762
59 Foster Group, Inc. 7.63% of their portfolio WEST DES MOINES, IA 1,179,4901.2m $203.7m $203.7m 7.63% Reduced -18.0k -18,011
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.38% of their portfolio PLYMOUTH, MN 1,161,1081.2m $200.6m $200.6m 0.38% Added +103.1k +103,116
61 SCS Capital Management LLC 2.43% of their portfolio BOSTON, MA 1,104,0071.1m $190.7m $190.7m 2.43% Reduced -312.2k -312,239
62 Garde Capital, Inc. 10.86% of their portfolio SEATTLE, WA 1,098,3101.1m $189.7m $189.7m 10.86% Added +23.1k +23,082
63 NorthCoast Asset Management LLC 0.94% of their portfolio STAMFORD, CT 1,080,3131.1m $186.6m $186.6m 0.94% Reduced -78.0k -78,019
64 Private Advisor Group, LLC 1.07% of their portfolio MORRISTOWN, NJ 1,025,2711.0m $177.1m $177.1m 1.07% Added +11.4k +11,423
65 CIBC Private Wealth Group LLC 0.32% of their portfolio ATLANTA, GA 1,000,3061.0m $153.7m $153.7m 0.32% Reduced -19.7k -19,719
66 Prime Capital Investment Advisors, LLC 1.98% of their portfolio OVERLAND PARK, KS 982,415982.4k $169.7m $169.7m 1.98% Added +257.1k +257,129
67 Orion Portfolio Solutions, LLC 0.82% of their portfolio Omaha, NE 964,053964.1k $164.9m $164.9m 0.82% Added +502.8k +502,843
68 Cambridge Investment Research Advisors, Inc. 0.56% of their portfolio FAIRFIELD, IA 954,384954.4k $164.9m $164.9m 0.56% Reduced -80.0k -80,012
69 Envestnet Portfolio Solutions, Inc. 0.62% of their portfolio BERWYN, PA 933,568933.6k $161.3m $161.3m 0.62% Reduced -189.3k -189,320
70 Wellspring Financial Advisors, LLC 1.61% of their portfolio CLEVELAND, OH 917,654917.7k $14.5m $14.5m 1.61% Reduced -24.5k -24,482
71 Systematic Alpha Investments, LLC 5.91% of their portfolio PRINCETON, NJ 894,868894.9k $154.6m $154.6m 5.91% Unchanged
72 US BANCORP \DE\ 0.21% of their portfolio MINNEAPOLIS, MN 892,175892.2k $154.1m $154.1m 0.21% Reduced -22.5k -22,493
73 Brookstone Capital Management 2.21% of their portfolio WHEATON, IL 891,119891.1k $153.9m $153.9m 2.21% Added +13.4k +13,372
74 NewEdge Advisors, LLC 0.90% of their portfolio NEW ORLEANS, LA 872,785872.8k $150.8m $150.8m 0.90% Added +4.4k +4,448
75 Beacon Pointe Advisors, LLC 1.68% of their portfolio NEWPORT BEACH, CA 865,127865.1k $149.4m $149.4m 1.68% Reduced -2.2k -2,217
76 STEPHENS GROUP ASSET MANAGEMENT, LLC 11.82% of their portfolio LITTLE ROCK, AR 848,185848.2k $146.5m $146.5m 11.82% Added +106.2k +106,194
77 Kestra Advisory Services, LLC 0.70% of their portfolio AUSTIN, TX 842,445842.4k $145.5m $145.5m 0.70% Reduced -129.0k -129,007
78 VISTA CAPITAL PARTNERS, INC. 16.70% of their portfolio PORTLAND, OR 796,525796.5k $137.6m $137.6m 16.70% Reduced -3.7k -3,651
79 Permanens Capital L.P. 24.71% of their portfolio NEW YORK, NY 787,828787.8k $136.1m $136.1m 24.71% Added +81.0k +81,041
80 BLAIR WILLIAM & CO/IL 0.40% of their portfolio CHICAGO, IL 765,752765.8k $132.3m $132.3m 0.40% Added +56.8k +56,755
81 NEPC LLC 3.64% of their portfolio Boston, MA 761,166761.2k $131.5m $131.5m 3.64% Unchanged
82 Cerity Partners LLC 0.27% of their portfolio NEW YORK, NY 753,029753.0k $130.1m $130.1m 0.27% Added +132.0k +132,002
83 Thrive Wealth Management, LLC 24.79% of their portfolio AUDUBON, PA 751,089751.1k $129.7m $129.7m 24.79% Reduced -16.5k -16,456
84 Sequoia Financial Advisors, LLC 0.97% of their portfolio Akron, OH 730,590730.6k $126.2m $126.2m 0.97% Reduced -38.3k -38,256
85 WOODMONT INVESTMENT COUNSEL LLC 9.10% of their portfolio NASHVILLE, TN 729,443729.4k $126.0m $126.0m 9.10% Added +40.0k +39,974
86 Mountain Capital Investment Advisors Inc. 25.80% of their portfolio WESTMINSTER, CO 728,692728.7k $120.3m $120.3m 25.80% Added +107.7k +107,665
87 CSM Advisors, LLC 6.82% of their portfolio WARRENDALE, PA 724,081724.1k $125.1m $125.1m 6.82% Reduced -374.6k -374,583
88 Strategies Wealth Advisors, LLC 14.54% of their portfolio GRAND RAPIDS, MI 689,117689.1k $119.0m $119.0m 14.54% Added +26.9k +26,924
89 Creative Planning 0.11% of their portfolio OVERLAND PARK, KS 688,663688.7k $119.0m $119.0m 0.11% Added +22.5k +22,451
90 CITIZENS FINANCIAL GROUP INC/RI 2.30% of their portfolio PROVIDENCE, RI 674,093674.1k $116.4m $116.4m 2.30% Added +13.0k +13,034
91 Safeguard Financial, LLC 25.30% of their portfolio MINOCQUA, WI 668,612668.6k $115.5m $115.5m 25.30% Added +15.4k +15,410
92 Focus Partners Wealth 0.29% of their portfolio ST LOUIS, MO 663,728663.7k $114.7m $114.7m 0.29% Reduced -547.5k -547,502
93 Balentine LLC 4.79% of their portfolio ATLANTA, GA 662,597662.6k $114.5m $114.5m 4.79% Added +646.4k +646,396
94 MERCER GLOBAL ADVISORS INC /ADV 0.26% of their portfolio DENVER, CO 659,649659.6k $113.9m $113.9m 0.26% Added +158.7k +158,718
95 Clearstead Advisors, LLC 1.76% of their portfolio CLEVELAND, OH 657,909657.9k $113.6m $113.6m 1.76% Added +5.0k +4,989
96 BRANDYWINE OAK PRIVATE WEALTH LLC 11.11% of their portfolio Kennett Square, PA 655,541655.5k $113.2m $113.2m 11.11% Added +6.0k +6,042
97 Cable Hill Partners, LLC 10.64% of their portfolio PORTLAND, OR 654,529654.5k $109.0m $109.0m 10.64% Added +15.6k +15,600
98 Wealthspire Advisors, LLC 0.67% of their portfolio NEW YORK, NY 647,622647.6k $111.9m $111.9m 0.67% Added +308.4k +308,365
99 Brickley Wealth Management 22.84% of their portfolio SAN MATEO, CA 637,582637.6k $110.1m $110.1m 22.84% Reduced -194 -194
100 Focused Wealth Management, Inc 14.75% of their portfolio Newburgh, NY 627,807627.8k $108.4m $108.4m 14.75% Added +24.4k +24,437