Vault-13

VANGUARD INDEX FDS VB

SMALL CP ETF · ETP · CUSIP 922908751

2,163 institutional holders -27 vs Q4 2024
160,592,076160.6m shares reported held*
$35.2bnreported value*
97 new 937 added 803 reduced 105 sold out net bought ≈ $866.1m (+5.2m 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 ($35.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $219.06. Options: 3 managers hold calls ($17.2m notional), 5 hold puts ($11.7m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

01k2k3kQ3 22: 1,540Q4 22: 1,663Q1 23: 1,647Q2 23: 1,676Q3 23: 1,677Q4 23: 1,879Q1 24: 1,900Q2 24: 1,922Q3 24: 1,978Q4 24: 2,190Q1 25: 2,1632,163Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20221,540
Q4 20221,663
Q1 20231,647
Q2 20231,676
Q3 20231,677
Q4 20231,879
Q1 20241,900
Q2 20241,922
Q3 20241,978
Q4 20242,190
Q1 20252,163

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 23: 814 bought or addedQ2 23: 677 cut or sold outQ3 23: 821 bought or addedQ3 23: 655 cut or sold outQ3 23Q4 23: 896 bought or addedQ4 23: 667 cut or sold outQ1 24: 938 bought or addedQ1 24: 755 cut or sold outQ1 24Q2 24: 842 bought or addedQ2 24: 787 cut or sold outQ3 24: 1,009 bought or addedQ3 24: 717 cut or sold outQ3 24Q4 24: 1,019 bought or addedQ4 24: 752 cut or sold outQ1 25: 1,034 bought or addedQ1 25: 908 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 2023814677
Q3 2023821655
Q4 2023896667
Q1 2024938755
Q2 2024842787
Q3 20241,009717
Q4 20241,019752
Q1 20251,034908

Calls vs puts

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

CallsPuts
$0$10m$20m$30mQ2 24 calls: $13.8mQ2 24 puts: $3.8mQ2 24P/C 0.27Q3 24 calls: $24.0mQ3 24 puts: $25.4mQ3 24P/C 1.06Q4 24 calls: $17.8mQ4 24 puts: $12.2mQ4 24P/C 0.68Q1 25 calls: $17.2mQ1 25 puts: $11.7mQ1 25P/C 0.68
Numbers
QuarterCallsPutsP/C
Q2 2024$13.8m$3.8m0.27
Q3 2024$24.0m$25.4m1.06
Q4 2024$17.8m$12.2m0.68
Q1 2025$17.2m$11.7m0.68

Biggest buyers

ROYAL BANK OF CANADA Added +2,018,325+2.0m
WIT, LLC Added +1,364,581+1.4m
Auto-Owners Insurance Co Added +879,152+879.2k
WELLINGTON MANAGEMENT GROUP LLP Added +545,614+545.6k
Wealthspire Advisors, LLC Added +373,195+373.2k
Gibraltar Capital Management, Inc. New +279,144+279.1k
MERCER GLOBAL ADVISORS INC /ADV Added +263,357+263.4k
Financiere des Professionnels - Fonds d'investissement inc. Added +211,000+211.0k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +175,474+175.5k
Provida Pension Fund Administrator Added +164,512+164.5k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -730,756-730.8k
JONES FINANCIAL COMPANIES LLLP Reduced -675,306-675.3k
SIGNATUREFD, LLC Reduced -641,268-641.3k
ENVESTNET ASSET MANAGEMENT INC Reduced -300,089-300.1k
Centered Wealth LLC dba Miller Equity Capital Advisors Reduced -291,149-291.1k
JANUS HENDERSON GROUP PLC Sold out -250,094-250.1k
STATE STREET CORP Reduced -224,601-224.6k
OSAIC HOLDINGS, INC. Reduced -176,331-176.3k
SOFI WEALTH, LLC Reduced -172,398-172.4k
CIBC Private Wealth Group LLC Reduced -170,825-170.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $11.8m53.0k shares
JANE STREET GROUP, LLC Added $2.7m12.4k shares
CITADEL ADVISORS LLC Added $2.7m12.1k shares

Biggest puts

Quaker Wealth Management, LLC First filing $5.2m23.4k shares
CITADEL ADVISORS LLC Reduced $3.2m14.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.6m11.9k shares
JANE STREET GROUP, LLC New $576.5k2.6k shares
BANK OF AMERICA CORP /DE/ Reduced $110.9k500 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/ 0.47% of their portfolio CHARLOTTE, NC 24,087,58424.1m $5.3bn $5.3bn 0.47% Reduced -730.8k -730,756
2 MORGAN STANLEY 0.12% of their portfolio NEW YORK, NY 7,656,0767.7m $1.7bn $1.7bn 0.12% Added +115.6k +115,628
3 JONES FINANCIAL COMPANIES LLLP 1.32% of their portfolio DES PERES, MO 6,657,6086.7m $1.5bn $1.5bn 1.32% Reduced -675.3k -675,306
4 WELLS FARGO & COMPANY/MN 0.31% of their portfolio SAN FRANCISCO, CA 5,816,9075.8m $1.3bn $1.3bn 0.31% Added +144.7k +144,658
5 ROYAL BANK OF CANADA 0.25% of their portfolio TORONTO, A6 4,972,5235.0m $1.1bn $1.1bn 0.25% Added +2.0m +2,018,325
6 ENVESTNET ASSET MANAGEMENT INC 0.35% of their portfolio Berwyn, PA 4,960,6665.0m $1.1bn $1.1bn 0.35% Reduced -300.1k -300,089
7 UBS Group AG 0.20% of their portfolio ZURICH, V8 4,063,0914.1m $901.0m $901.0m 0.20% Added +2.7k +2,665
8 LPL Financial LLC 0.33% of their portfolio FORT MILL, SC 3,826,2533.8m $848.5m $848.5m 0.33% Added +36.9k +36,930
9 MERCER GLOBAL ADVISORS INC /ADV 1.34% of their portfolio DENVER, CO 2,634,9132.6m $584.3m $584.3m 1.34% Added +263.4k +263,357
10 CAPTRUST FINANCIAL ADVISORS 1.26% of their portfolio RALEIGH, NC 2,259,0382.3m $500.9m $500.9m 1.26% Added +137.1k +137,139
11 WIT, LLC 7.57% of their portfolio DISTRICT OF COLUMBIA, DC 2,248,3942.2m $265.6m $265.6m 7.57% Added +1.4m +1,364,581
12 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 2,169,3682.2m $481.0m $481.0m 0.13% Added +41.7k +41,742
13 RAYMOND JAMES FINANCIAL INC 0.18% of their portfolio ST. PETERSBURG, FL 2,149,6422.1m $476.7m $476.7m 0.18% Reduced -54.3k -54,296
14 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.36% of their portfolio MILWAUKEE, WI 2,010,9152.0m $445.9m $445.9m 0.36% Added +146.0k +146,007
15 Creative Planning 0.42% of their portfolio OVERLAND PARK, KS 1,998,5472.0m $443.2m $443.2m 0.42% Added +103.8k +103,796
16 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio SAN FRANCISCO, CA 1,923,9461.9m $426.6m $426.6m 0.08% Added +175.5k +175,474
17 PNC Financial Services Group, Inc. 0.22% of their portfolio Pittsburgh, PA 1,892,6071.9m $419.7m $419.7m 0.22% Reduced -8.7k -8,697
18 Bank of New York Mellon Corp 0.08% of their portfolio NEW YORK, NY 1,832,9401.8m $406.5m $406.5m 0.08% Added +129.6k +129,604
19 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 1,824,6361.8m $404.6m $404.6m 0.08% Reduced -51.3k -51,262
20 Mariner, LLC 0.58% of their portfolio Overland Park, KS 1,570,0851.6m $348.2m $348.2m 0.58% Added +158.7k +158,747
21 WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio Boston, MA 1,465,7671.5m $325.0m $325.0m 0.06% Added +545.6k +545,614
22 Wealthfront Advisers LLC 0.87% of their portfolio Palo Alto, CA 1,454,8511.5m $322.6m $322.6m 0.87% Reduced -133.8k -133,848
23 CIBC Private Wealth Group LLC 0.50% of their portfolio ATLANTA, GA 1,213,6601.2m $235.1m $235.1m 0.50% Reduced -170.8k -170,825
24 COMMONWEALTH EQUITY SERVICES, LLC 0.35% of their portfolio WALTHAM, MA 1,126,9911.1m $249.9m $249.9m 0.35% Added +2.7k +2,691
25 STIFEL FINANCIAL CORP 0.26% of their portfolio ST. LOUIS, MO 1,094,2831.1m $242.7m $242.7m 0.26% Added +29.9k +29,911
26 MISSION WEALTH MANAGEMENT, LP 5.88% of their portfolio Santa Barbara, CA 1,056,5461.1m $234.3m $234.3m 5.88% Added +9.8k +9,834
27 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,054,8561.1m $233.9m $233.9m 0.02% Added +51.0k +50,991
28 TIAA TRUST, NATIONAL ASSOCIATION 0.66% of their portfolio CHARLOTTE, NC 956,466956.5k $212.1m $212.1m 0.66% Added +3.1k +3,123
29 HighTower Advisors, LLC 0.28% of their portfolio CHICAGO, IL 915,588915.6k $203.0m $203.0m 0.28% Added +141.0k +140,986
30 Auto-Owners Insurance Co 1.14% of their portfolio LANSING, MI 912,750912.8k $43.2m $43.2m 1.14% Added +879.2k +879,152
31 GLENMEDE TRUST CO NA 1.02% of their portfolio PHILADELPHIA, PA 858,061858.1k $190.3m $190.3m 1.02% Reduced -7.9k -7,941
32 FMR LLC 0.01% of their portfolio BOSTON, MA 842,146842.1k $186.7m $186.7m 0.01% Added +42.7k +42,735
33 1832 Asset Management L.P. 0.33% of their portfolio TORONTO, A6 790,562790.6k $175.3m $175.3m 0.33% Added +56.4k +56,430
34 Wealthspire Advisors, LLC 0.99% of their portfolio NEW YORK, NY 748,652748.7k $166.0m $166.0m 0.99% Added +373.2k +373,195
35 Baird Financial Group, Inc. 0.30% of their portfolio MILWAUKEE, WI 697,258697.3k $154.6m $154.6m 0.30% Reduced -37.6k -37,628
36 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 676,784676.8k $150.1m $150.1m 0.08% Added +12.9k +12,917
37 OSAIC HOLDINGS, INC. 0.31% of their portfolio SCOTTSDALE, AZ 634,539634.5k $140.8m $140.8m 0.31% Reduced -176.3k -176,331
38 Cetera Investment Advisers 0.25% of their portfolio SCHAUMBURG, IL 587,258587.3k $130.2m $130.2m 0.25% Added +60.0k +60,018
39 Cerity Partners LLC 0.26% of their portfolio NEW YORK, NY 577,434577.4k $128.0m $128.0m 0.26% Added +158.8k +158,804
40 GRIMES & Co WEALTH MANAGEMENT, LLC 3.95% of their portfolio WESTBOROUGH, MA 576,190576.2k $127.8m $127.8m 3.95% Reduced -125.9k -125,934
41 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 565,864565.9k $125.5m $125.5m 0.00% Added +53.9k +53,930
42 Nicholas Hoffman & Company, LLC. 4.63% of their portfolio ATLANTA, GA 549,101549.1k $121.8m $121.8m 4.63% Added +69.8k +69,761
43 NATIXIS ADVISORS, LLC 0.22% of their portfolio Boston, MA 544,495544.5k $120.7m $120.7m 0.22% Added +35.1k +35,093
44 Badgley Phelps Wealth Managers, LLC 2.90% of their portfolio SEATTLE, WA 541,667541.7k $120.1m $120.1m 2.90% Added +13.4k +13,405
45 DAVIS R M INC 2.29% of their portfolio PORTLAND, ME 515,171515.2k $114.2m $114.2m 2.29% Added +8.5k +8,512
46 Clearstead Advisors, LLC 1.68% of their portfolio CLEVELAND, OH 486,762486.8k $107.9m $107.9m 1.68% Reduced -13.9k -13,874
47 Cullen/Frost Bankers, Inc. 1.51% of their portfolio San Antonio, TX 485,484485.5k $107.7m $107.7m 1.51% Added +37.1k +37,130
48 TRUIST FINANCIAL CORP 0.17% of their portfolio CHARLOTTE, NC 483,898483.9k $107.3m $107.3m 0.17% Added +19.0k +18,984
49 MONETA GROUP INVESTMENT ADVISORS LLC 1.43% of their portfolio ST LOUIS, MO 466,312466.3k $103.4m $103.4m 1.43% Reduced -39.0k -38,970
50 Corient Private Wealth LP 0.17% of their portfolio MIAMI, FL 460,609460.6k $102.1m $102.1m 0.17% Added +69.8k +69,766
51 PINNACLE ASSOCIATES LTD 1.46% of their portfolio NEW YORK, NY 448,555448.6k $99.5m $99.5m 1.46% Added +7.6k +7,608
52 Provida Pension Fund Administrator 2.00% of their portfolio LAS CONDES, SANTIAGO, F3 448,438448.4k $99.4m $99.4m 2.00% Added +164.5k +164,512
53 Pathstone Holdings, LLC 0.40% of their portfolio ENGLEWOOD, NJ 415,086415.1k $92.0m $92.0m 0.40% Added +17.9k +17,894
54 Efficient Advisors, LLC 5.78% of their portfolio BEAVERTON, OR 399,930399.9k $88.7m $88.7m 5.78% Added +8.1k +8,128
55 Fusion Family Wealth, LLC 8.09% of their portfolio WOODBURY, NY 396,705396.7k $88.0m $88.0m 8.09% Added +3.2k +3,162
56 PEAPACK GLADSTONE FINANCIAL CORP 1.26% of their portfolio BEDMINSTER, NJ 382,671382.7k $84.9m $84.9m 1.26% Added +4.8k +4,766
57 Cambridge Investment Research Advisors, Inc. 0.29% of their portfolio FAIRFIELD, IA 382,188382.2k $84.8m $84.8m 0.29% Added +4.9k +4,856
58 MML INVESTORS SERVICES, LLC 0.28% of their portfolio SPRINGFIELD, MA 382,148382.1k $84.7m $84.7m 0.28% Reduced -44.2k -44,200
59 Baker Avenue Asset Management, LP 2.65% of their portfolio SAN FRANCISCO, CA 381,222381.2k $84.5m $84.5m 2.65% Added +5.0k +5,027
60 TRUSTMARK BANK TRUST DEPARTMENT 6.23% of their portfolio JACKSON, MS 379,539379.5k $84.2m $84.2m 6.23% Reduced -4.4k -4,405
61 Millburn Ridgefield LLC /DE/ 1.96% of their portfolio New York, NY 365,075365.1k $81.0m $81.0m 1.96% Added +49.8k +49,792
62 Catalyst Capital Advisors LLC 1.66% of their portfolio San Juan, PR 365,075365.1k $81.0m $81.0m 1.66% Added +49.8k +49,792
63 Private Advisor Group, LLC 0.47% of their portfolio MORRISTOWN, NJ 347,755347.8k $77.1m $77.1m 0.47% Reduced -1.4k -1,366
64 AVANTAX ADVISORY SERVICES, INC. 0.46% of their portfolio DALLAS, TX 342,042342.0k $75.8m $75.8m 0.46% Added +29.2k +29,156
65 Heartwood Wealth Advisors LLC 8.63% of their portfolio RICHMOND, VA 341,162341.2k $75.7m $75.7m 8.63% Reduced -15.9k -15,878
66 CITIGROUP INC 0.06% of their portfolio NEW YORK, NY 334,996335.0k $74.3m $74.3m 0.06% Added +21.3k +21,258
67 INVICTUS PRIVATE WEALTH, LLC 5.81% of their portfolio Denver, CO 330,539330.5k $73.3m $73.3m 5.81% Added +9.7k +9,688
68 Karpus Management, Inc. 2.34% of their portfolio Pittsford, NY 326,238326.2k $72.3m $72.3m 2.34% Reduced -255 -255
69 FIFTH THIRD BANCORP 0.27% of their portfolio CINCINNATI, OH 323,709323.7k $71.8m $71.8m 0.27% Reduced -21.5k -21,476
70 Equitable Holdings, Inc. 0.67% of their portfolio NEW YORK, NY 316,949316.9k $70.3m $70.3m 0.67% Reduced -6.3k -6,350
71 COMERICA BANK 0.28% of their portfolio DALLAS, TX 302,956303.0k $67.2m $67.2m 0.28% Added +5.5k +5,544
72 TEACHER RETIREMENT SYSTEM OF TEXAS 0.28% of their portfolio AUSTIN, TX 299,349299.3k $66.4m $66.4m 0.28% Unchanged
73 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 292,870292.9k $64.9m $64.9m 0.00% Reduced -224.6k -224,601
74 ASSETMARK, INC 0.18% of their portfolio CONCORD, CA 291,398291.4k $64.6m $64.6m 0.18% Added +9.3k +9,323
75 Chandler Asset Management, Inc. 12.02% of their portfolio SAN DIEGO, CA 287,615287.6k $63.8m $63.8m 12.02% Added +6.5k +6,550
76 US BANCORP \DE\ 0.08% of their portfolio MINNEAPOLIS, MN 281,731281.7k $62.5m $62.5m 0.08% Reduced -3.8k -3,796
77 LINCOLN NATIONAL CORP 2.01% of their portfolio RADNOR, PA 280,663280.7k $62.2m $62.2m 2.01% Added +8.7k +8,684
78 M&T Bank Corp 0.23% of their portfolio BUFFALO, NY 280,465280.5k $62.2m $62.2m 0.23% Reduced -607 -607
79 Gibraltar Capital Management, Inc. 13.37% of their portfolio TULSA, OK 279,144279.1k $61.9m $61.9m 13.37% New
80 VISTA CAPITAL PARTNERS, INC. 7.34% of their portfolio PORTLAND, OR 272,712272.7k $60.5m $60.5m 7.34% Reduced -682 -682
81 Financiere des Professionnels - Fonds d'investissement inc. 3.86% of their portfolio MONTREAL, A8 269,200269.2k $59.7m $59.7m 3.86% Added +211.0k +211,000
82 PARK AVENUE SECURITIES LLC 0.69% of their portfolio NEW YORK, NY 253,274253.3k $56.2m $56.2m 0.69% Added +19.0k +18,969
83 Smithfield Trust Co 2.80% of their portfolio PITTSBURGH, PA 251,792251.8k $55.8m $55.8m 2.80% Reduced -5.4k -5,387
84 PITTENGER & ANDERSON INC 2.04% of their portfolio LINCOLN, NE 251,387251.4k $55.7m $55.7m 2.04% Added +1.4k +1,377
85 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.11% of their portfolio PLYMOUTH, MN 251,025251.0k $55.7m $55.7m 0.11% Added +30.1k +30,086
86 CHOREO, LLC 0.54% of their portfolio ROCKFORD, IL 239,696239.7k $34.6m $34.6m 0.54% Reduced -24.0k -24,043
87 Pandi, LLC 7.92% of their portfolio KANSAS CITY, MO 232,630232.6k $51.6m $51.6m 7.92% Unchanged
88 Employees Retirement System of Texas 0.46% of their portfolio AUSTIN, TX 226,425226.4k $50.2m $50.2m 0.46% Unchanged
89 CX Institutional 1.89% of their portfolio AUBURN, IN 226,214226.2k $50.2m $50.2m 1.89% Added +46.3k +46,334
90 Janney Montgomery Scott LLC 0.14% of their portfolio PHILADELPHIA, PA 224,748224.7k $49.8m $49.8m 0.14% Reduced -4.4k -4,427
91 Composition Wealth, LLC 0.99% of their portfolio LOS ANGELES, CA 222,904222.9k $49.4m $49.4m 0.99% Reduced -5.8k -5,763
92 First Command Advisory Services, Inc. 0.45% of their portfolio FORT WORTH, TX 212,066212.1k $47.0m $47.0m 0.45% Added +8.7k +8,663
93 Rockefeller Capital Management L.P. 0.12% of their portfolio NEW YORK, NY 210,308210.3k $46.6m $46.6m 0.12% Added +23.9k +23,854
94 BESSEMER GROUP INC 0.08% of their portfolio WOODBRIDGE, NJ 210,097210.1k $46.6m $46.6m 0.08% Added +11.8k +11,837
95 MAI Capital Management 0.35% of their portfolio INDEPENDENCE, OH 208,415208.4k $46.2m $46.2m 0.35% Reduced -4.2k -4,154
96 Ellenbecker Investment Group 8.15% of their portfolio WAUKESHA, WI 204,541204.5k $45.4m $45.4m 8.15% Reduced -25.0k -25,030
97 CITIZENS FINANCIAL GROUP INC/RI 0.89% of their portfolio PROVIDENCE, RI 203,758203.8k $45.2m $45.2m 0.89% Added +7.6k +7,581
98 Kestra Advisory Services, LLC 0.22% of their portfolio AUSTIN, TX 200,965201.0k $44.6m $44.6m 0.22% Reduced -26.6k -26,554
99 Joel Isaacson & Co., LLC 1.91% of their portfolio NEW YORK, NY 189,960190.0k $42.1m $42.1m 1.91% Added +8.3k +8,305
100 Orion Portfolio Solutions, LLC 0.22% of their portfolio Omaha, NE 189,893189.9k $43.8m $43.8m 0.22% Added +96.0k +96,008