Vault-13

VANGUARD INDEX FDS VB

SMALL CP ETF · ETP · CUSIP 922908751

2,405 institutional holders +30 vs Q4 2025
157,923,875157.9m shares reported held*
$41.4bnreported value*
116 new 1,030 added 863 reduced 83 sold out net bought ≈ $209.1m (-13.0m 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 ($77.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $261.91. Options: 4 managers hold calls ($33.4m notional), 5 hold puts ($26.7m).

Trends to Q1 2026

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: 2,163Q2 25: 2,170Q3 25: 2,200Q4 25: 2,375Q1 26: 2,4052,405Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q2 20252,170
Q3 20252,200
Q4 20252,375
Q1 20262,405

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 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 25Q2 25: 996 bought or addedQ2 25: 923 cut or sold outQ3 25: 995 bought or addedQ3 25: 901 cut or sold outQ3 25Q4 25: 1,080 bought or addedQ4 25: 813 cut or sold outQ1 26: 1,146 bought or addedQ1 26: 946 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024842787
Q3 20241,009717
Q4 20241,019752
Q1 20251,034908
Q2 2025996923
Q3 2025995901
Q4 20251,080813
Q1 20261,146946

Calls vs puts

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

CallsPuts
$0$10m$20m$30m$40mQ2 25 calls: $17.3mQ2 25 puts: $3.9mQ2 25P/C 0.22Q3 25 calls: $17.2mQ3 25 puts: $6.4mQ3 25P/C 0.37Q4 25 calls: $29.1mQ4 25 puts: $15.0mQ4 25P/C 0.52Q1 26 calls: $33.4mQ1 26 puts: $26.7mQ1 26P/C 0.80
Numbers
QuarterCallsPutsP/C
Q2 2025$17.3m$3.9m0.22
Q3 2025$17.2m$6.4m0.37
Q4 2025$29.1m$15.0m0.52
Q1 2026$33.4m$26.7m0.80

Biggest buyers

SIGNATUREFD, LLC Added +886,923+886.9k
UBS Group AG Added +492,549+492.5k
JONES FINANCIAL COMPANIES LLLP Added +476,269+476.3k
FIFTH THIRD BANCORP Added +369,321+369.3k
CBIZ Investment Advisory Services, LLC Added +343,734+343.7k
ENVESTNET ASSET MANAGEMENT INC Added +290,080+290.1k
Mariner, LLC Added +249,753+249.8k
Bank of New York Mellon Corp Added +205,703+205.7k
CAPTRUST FINANCIAL ADVISORS Added +188,373+188.4k
Wealthquest Corp Added +187,247+187.2k

Biggest sellers

Corient Private Wealth LP Reduced -11,352,336-11.4m
Align Financial, LLC Reduced -2,762,763-2.8m
BANK OF AMERICA CORP /DE/ Reduced -1,795,023-1.8m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -845,121-845.1k
LPL Financial LLC Reduced -591,321-591.3k
Provida Pension Fund Administrator Reduced -337,580-337.6k
BURRUS FINANCIAL SERVICES, INC. Reduced -202,256-202.3k
AMERIPRISE FINANCIAL INC Reduced -201,680-201.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -170,165-170.2k
AXXCESS WEALTH MANAGEMENT, LLC Sold out -159,426-159.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $18.6m71.1k shares
Tidal Investments LLC Added $6.0m22.8k shares
JANE STREET GROUP, LLC Added $5.0m19.2k shares
CITADEL ADVISORS LLC Reduced $3.8m14.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $11.0m41.9k shares
LOGAN CAPITAL MANAGEMENT INC New $7.6m29.1k shares
Tidal Investments LLC Added $6.0m22.8k shares
CITADEL ADVISORS LLC Reduced $1.9m7.1k shares
JANE STREET GROUP, LLC Added $261.9k1.0k 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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.41% of their portfolio CHARLOTTE, NC 21,634,42421.6m $5.7bn $5.7bn 0.41% Reduced -1.8m -1,795,023
2 MORGAN STANLEY 0.13% of their portfolio NEW YORK, NY 8,041,3068.0m $2.1bn $2.1bn 0.13% Added +176.8k +176,763
3 WELLS FARGO & COMPANY/MN 0.32% of their portfolio SAN FRANCISCO, CA 6,021,3926.0m $1.6bn $1.6bn 0.32% Reduced -26.2k -26,192
4 UBS Group AG 0.20% of their portfolio ZURICH, V8 4,408,6474.4m $1.2bn $1.2bn 0.20% Added +492.5k +492,549
5 ENVESTNET ASSET MANAGEMENT INC 0.25% of their portfolio Berwyn, PA 3,535,0223.5m $925.9m $925.9m 0.25% Added +290.1k +290,080
6 MERCER GLOBAL ADVISORS INC /ADV 1.29% of their portfolio DENVER, CO 3,328,8903.3m $871.9m $871.9m 1.29% Added +133.7k +133,747
7 LPL Financial LLC 0.23% of their portfolio FORT MILL, SC 3,322,0733.3m $870.1m $870.1m 0.23% Reduced -591.3k -591,321
8 JONES FINANCIAL COMPANIES LLLP 0.37% of their portfolio DES PERES, MO 2,976,0803.0m $763.2m $763.2m 0.37% Added +476.3k +476,269
9 CAPTRUST FINANCIAL ADVISORS 1.30% of their portfolio RALEIGH, NC 2,832,4482.8m $741.8m $741.8m 1.30% Added +188.4k +188,373
10 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.45% of their portfolio MILWAUKEE, WI 2,812,9912.8m $736.8m $736.8m 0.45% Added +65.0k +65,009
11 RAYMOND JAMES FINANCIAL INC 0.18% of their portfolio ST. PETERSBURG, FL 2,252,0872.3m $589.9m $589.9m 0.18% Reduced -52.5k -52,518
12 Mariner, LLC 0.68% of their portfolio Overland Park, KS 2,215,6852.2m $580.3m $580.3m 0.68% Added +249.8k +249,753
13 AMERIPRISE FINANCIAL INC 0.13% of their portfolio MINNEAPOLIS, MN 2,197,0742.2m $575.3m $575.3m 0.13% Reduced -201.7k -201,680
14 ROYAL BANK OF CANADA 0.10% of their portfolio TORONTO, A6 2,091,3282.1m $547.8m $547.8m 0.10% Reduced -111.6k -111,620
15 Creative Planning 0.36% of their portfolio OVERLAND PARK, KS 2,035,6362.0m $533.2m $533.2m 0.36% Reduced -90.1k -90,108
16 PNC Financial Services Group, Inc. 0.30% of their portfolio Pittsburgh, PA 1,962,9182.0m $514.1m $514.1m 0.30% Added +19.9k +19,923
17 Bank of New York Mellon Corp 0.09% of their portfolio NEW YORK, NY 1,940,9711.9m $508.4m $508.4m 0.09% Added +205.7k +205,703
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.07% of their portfolio SAN FRANCISCO, CA 1,783,7851.8m $467.2m $467.2m 0.07% Reduced -31.2k -31,217
19 GOLDMAN SACHS GROUP INC 0.06% of their portfolio NEW YORK, NY 1,745,0511.7m $457.1m $457.1m 0.06% Added +59.6k +59,565
20 Wealthfront Advisers LLC 0.98% of their portfolio Palo Alto, CA 1,696,6611.7m $444.4m $444.4m 0.98% Added +128.7k +128,686
21 CIBC Bancorp USA Inc. 0.53% of their portfolio CHICAGO, IL 1,506,9701.5m $394.1m $394.1m 0.53% First filing
22 Cetera Investment Advisers 0.34% of their portfolio SCHAUMBURG, IL 1,230,9681.2m $322.4m $322.4m 0.34% Added +62.7k +62,668
23 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 1,203,0001.2m $305.4m $305.4m 0.02% Added +59.0k +58,963
24 WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio Boston, MA 1,191,1501.2m $312.0m $312.0m 0.06% Added +35.2k +35,183
25 FMR LLC 0.02% of their portfolio BOSTON, MA 1,175,2771.2m $307.8m $307.8m 0.02% Added +25.2k +25,242
26 STIFEL FINANCIAL CORP 0.28% of their portfolio ST. LOUIS, MO 1,173,9691.2m $307.5m $307.5m 0.28% Reduced -5.6k -5,647
27 GRIMES & Co WEALTH MANAGEMENT, LLC 8.27% of their portfolio WESTBOROUGH, MA 1,140,7801.1m $298.8m $298.8m 8.27% Added +31.2k +31,193
28 MISSION WEALTH MANAGEMENT, LP 6.17% of their portfolio Santa Barbara, CA 1,125,1521.1m $294.7m $294.7m 6.17% Added +1.5k +1,489
29 COMMONWEALTH EQUITY SERVICES, LLC 0.36% of their portfolio WALTHAM, MA 980,879980.9k $256.9m $256.9m 0.36% Reduced -15.4k -15,357
30 HighTower Advisors, LLC 0.27% of their portfolio CHICAGO, IL 958,835958.8k $251.2m $251.2m 0.27% Added +7.6k +7,592
31 OSAIC HOLDINGS, INC. 0.35% of their portfolio SCOTTSDALE, AZ 907,826907.8k $238.0m $238.0m 0.35% Added +84.4k +84,443
32 SIGNATUREFD, LLC 3.63% of their portfolio ATLANTA, GA 904,125904.1k $236.8m $236.8m 3.63% Added +886.9k +886,923
33 GLENMEDE TRUST CO NA 1.14% of their portfolio PHILADELPHIA, PA 887,176887.2k $232.4m $232.4m 1.14% Reduced -3.1k -3,092
34 Cerity Partners LLC 0.32% of their portfolio NEW YORK, NY 863,565863.6k $227.1m $227.1m 0.32% Added +92.8k +92,785
35 TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC 0.82% of their portfolio CHARLOTTE, NC 818,731818.7k $214.4m $214.4m 0.82% First filing
36 Baird Financial Group, Inc. 0.33% of their portfolio MILWAUKEE, WI 810,773810.8k $212.4m $212.4m 0.33% Added +32.2k +32,180
37 Nicholas Hoffman & Company, LLC. 4.56% of their portfolio ATLANTA, GA 754,676754.7k $197.7m $197.7m 4.56% Added +6.7k +6,676
38 BANK OF MONTREAL /CAN/ 0.08% of their portfolio TORONTO, A6 733,004733.0k $192.0m $192.0m 0.08% Reduced -101.6k -101,560
39 FIFTH THIRD BANCORP 0.32% of their portfolio CINCINNATI, OH 678,702678.7k $177.8m $177.8m 0.32% Added +369.3k +369,321
40 Badgley Phelps Wealth Managers, LLC 3.51% of their portfolio SEATTLE, WA 673,535673.5k $176.4m $176.4m 3.51% Reduced -92.3k -92,290
41 COUNTRY TRUST BANK 3.24% of their portfolio Bloomington, IL 651,388651.4k $170.6m $170.6m 3.24% Added +136.1k +136,123
42 DAVIS R M INC 2.82% of their portfolio PORTLAND, ME 607,527607.5k $159.1m $159.1m 2.82% Added +18.5k +18,471
43 1832 Asset Management L.P. 0.21% of their portfolio TORONTO, A6 604,595604.6k $158.4m $158.4m 0.21% Added +106.4k +106,415
44 Cullen/Frost Bankers, Inc. 1.76% of their portfolio San Antonio, TX 590,093590.1k $154.6m $154.6m 1.76% Added +22.1k +22,134
45 TEACHER RETIREMENT SYSTEM OF TEXAS 0.62% of their portfolio AUSTIN, TX 567,165567.2k $148.6m $148.6m 0.62% Unchanged
46 Vanguard Global Advisers, LLC 0.08% of their portfolio MALVERN, PA 555,448555.4k $145.5m $145.5m 0.08% First filing
47 Corient Private Wealth LP 0.20% of their portfolio MIAMI, FL 548,068548.1k $143.2m $143.2m 0.20% Reduced -11.4m -11,352,336
48 Clearstead Advisors, LLC 1.26% of their portfolio CLEVELAND, OH 525,158525.2k $137.5m $137.5m 1.26% Reduced -21.2k -21,249
49 MONETA GROUP INVESTMENT ADVISORS LLC 1.00% of their portfolio ST LOUIS, MO 509,817509.8k $133.5m $133.5m 1.00% Added +3.0k +2,982
50 Pathstone Holdings, LLC 0.50% of their portfolio ENGLEWOOD, NJ 479,636479.6k $125.6m $125.6m 0.50% Reduced -13.8k -13,776
51 CBIZ Investment Advisory Services, LLC 4.56% of their portfolio INDEPENDENCE, OH 476,205476.2k $124.7m $124.7m 4.56% Added +343.7k +343,734
52 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 462,345462.3k $121.1m $121.1m 0.00% Reduced -91.0k -91,044
53 Rockefeller Capital Management L.P. 0.21% of their portfolio NEW YORK, NY 459,424459.4k $120.3m $120.3m 0.21% Added +16.5k +16,482
54 PINNACLE ASSOCIATES LTD 1.54% of their portfolio NEW YORK, NY 458,673458.7k $120.1m $120.1m 1.54% Added +5.7k +5,699
55 Fusion Family Wealth, LLC 8.64% of their portfolio WOODBURY, NY 441,733441.7k $115.7m $115.7m 8.64% Added +12.0k +11,981
56 TRUIST FINANCIAL CORP 0.15% of their portfolio CHARLOTTE, NC 434,428434.4k $113.8m $113.8m 0.15% Added +20.6k +20,591
57 Thrivent Financial for Lutherans 0.22% of their portfolio Minneapolis, MN 430,929430.9k $112.9m $112.9m 0.22% Reduced -6.2k -6,217
58 Equitable Holdings, Inc. 0.70% of their portfolio NEW YORK, NY 423,322423.3k $109.3m $109.3m 0.70% Added +36.0k +36,014
59 PEAPACK GLADSTONE FINANCIAL CORP 1.37% of their portfolio BEDMINSTER, NJ 408,014408.0k $106.9m $106.9m 1.37% Added +718 +718
60 Wealthspire Advisors, LLC 0.83% of their portfolio NEW YORK, NY 401,536401.5k $105.2m $105.2m 0.83% Added +2.9k +2,938
61 Cambridge Investment Research Advisors, Inc. 0.27% of their portfolio FAIRFIELD, IA 395,662395.7k $103.6m $103.6m 0.27% Reduced -1.3k -1,263
62 Baker Avenue Asset Management, LP 2.33% of their portfolio SAN FRANCISCO, CA 390,627390.6k $102.3m $102.3m 2.33% Added +4.0k +3,990
63 NATIXIS ADVISORS, LLC 0.14% of their portfolio Boston, MA 375,743375.7k $98.4m $98.4m 0.14% Reduced -38.8k -38,820
64 INVICTUS PRIVATE WEALTH, LLC 6.09% of their portfolio Denver, CO 375,719375.7k $98.4m $98.4m 6.09% Added +6.3k +6,313
65 MML INVESTORS SERVICES, LLC 0.27% of their portfolio SPRINGFIELD, MA 375,337375.3k $98.3m $98.3m 0.27% Reduced -65.4k -65,364
66 Heartwood Wealth Advisors LLC 8.48% of their portfolio RICHMOND, VA 371,133371.1k $97.2m $97.2m 8.48% Added +18.2k +18,203
67 TRUSTMARK BANK TRUST DEPARTMENT 6.22% of their portfolio JACKSON, MS 369,600369.6k $96.8m $96.8m 6.22% Added +72.9k +72,874
68 BlackRock, Inc. 0.00% of their portfolio New York, NY 367,802367.8k $96.3m $96.3m 0.00% Added +12.3k +12,296
69 Private Advisor Group, LLC 0.45% of their portfolio MORRISTOWN, NJ 367,376367.4k $96.2m $96.2m 0.45% Added +1.9k +1,865
70 Millburn Ridgefield LLC /DE/ 1.97% of their portfolio New York, NY 350,327350.3k $91.8m $91.8m 1.97% Added +26.4k +26,413
71 Catalyst Capital Advisors LLC 1.71% of their portfolio San Juan, PR 350,327350.3k $91.8m $91.8m 1.71% Added +26.4k +26,413
72 Wealthquest Corp 3.23% of their portfolio CINCINNATI, OH 339,289339.3k $88.3m $88.3m 3.23% Added +187.2k +187,247
73 Karpus Management, Inc. 2.63% of their portfolio Pittsford, NY 321,684321.7k $84.3m $84.3m 2.63% Reduced -13.0k -13,022
74 COLDSTREAM CAPITAL MANAGEMENT INC 1.03% of their portfolio BELLEVUE, WA 320,036320.0k $83.8m $83.8m 1.03% Added +6.7k +6,727
75 Efficient Advisors, LLC 5.88% of their portfolio BEAVERTON, OR 316,200316.2k $82.8m $82.8m 5.88% Reduced -102.5k -102,548
76 Merit Financial Group, LLC 0.60% of their portfolio ALPHARETTA, GA 310,293310.3k $81.3m $81.3m 0.60% Added +24.0k +24,033
77 M&T Bank Corp 0.26% of their portfolio BUFFALO, NY 293,095293.1k $76.8m $76.8m 0.26% Reduced -20.7k -20,717
78 PARK AVENUE SECURITIES LLC 0.59% of their portfolio NEW YORK, NY 288,401288.4k $75.5m $75.5m 0.59% Added +9.4k +9,436
79 LINCOLN NATIONAL CORP 2.16% of their portfolio RADNOR, PA 284,318284.3k $74.5m $74.5m 2.16% Reduced -17.4k -17,373
80 Auto-Owners Insurance Co 1.54% of their portfolio LANSING, MI 281,628281.6k $73.8m $73.8m 1.54% Unchanged
81 Gibraltar Capital Management, Inc. 12.63% of their portfolio TULSA, OK 280,039280.0k $73.3m $73.3m 12.63% Added +1.3k +1,320
82 Kestra Advisory Services, LLC 0.28% of their portfolio AUSTIN, TX 279,931279.9k $73.3m $73.3m 0.28% Added +69.9k +69,912
83 Focus Partners Wealth 0.08% of their portfolio ST LOUIS, MO 267,051267.1k $70.1m $70.1m 0.08% Added +6.9k +6,924
84 WIT, LLC 1.31% of their portfolio DISTRICT OF COLUMBIA, DC 264,221264.2k $69.2m $69.2m 1.31% Reduced -131 -131
85 PITTENGER & ANDERSON INC 2.72% of their portfolio LINCOLN, NE 260,494260.5k $68.2m $68.2m 2.72% Reduced -1.2k -1,206
86 VISTA CAPITAL PARTNERS, INC. 6.85% of their portfolio PORTLAND, OR 260,102260.1k $68.1m $68.1m 6.85% Reduced -3.0k -2,984
87 Smithfield Trust Co 2.95% of their portfolio PITTSBURGH, PA 258,672258.7k $67.8m $67.8m 2.95% Added +4.3k +4,256
88 Center for Financial Planning, Inc. 6.98% of their portfolio SOUTHFIED, MI 255,392255.4k $66.9m $66.9m 6.98% Added +193 +193
89 ASSETMARK, INC 0.13% of their portfolio CONCORD, CA 243,103243.1k $63.7m $63.7m 0.13% Reduced -48.9k -48,940
90 CENTRAL TRUST Co 1.21% of their portfolio JEFFERSON CITY, MO 234,190234.2k $61.3m $61.3m 1.21% Added +23.9k +23,897
91 Betterment LLC 0.11% of their portfolio NEW YORK, NY 230,828230.8k $60.5m $60.5m 0.11% Added +1.6k +1,608
92 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.13% of their portfolio PLYMOUTH, MN 228,029228.0k $60.4m $60.4m 0.13% Reduced -170.2k -170,165
93 SCS Capital Management LLC 0.61% of their portfolio BOSTON, MA 219,708219.7k $57.5m $57.5m 0.61% Added +94.3k +94,323
94 US BANCORP \DE\ 0.07% of their portfolio MINNEAPOLIS, MN 213,243213.2k $55.9m $55.9m 0.07% Reduced -50.4k -50,429
95 Joel Isaacson & Co., LLC 1.84% of their portfolio NEW YORK, NY 211,849211.8k $55.5m $55.5m 1.84% Added +9.6k +9,607
96 MAI Capital Management 0.31% of their portfolio INDEPENDENCE, OH 211,306211.3k $55.3m $55.3m 0.31% Added +7.1k +7,071
97 VANTAGEPOINT INVESTMENT ADVISERS LLC 0.47% of their portfolio WASHINGTON, DC 210,237210.2k $55.1m $55.1m 0.47% Reduced -3.7k -3,661
98 Ellenbecker Investment Group 7.31% of their portfolio WAUKESHA, WI 207,305207.3k $54.3m $54.3m 7.31% Added +5.7k +5,708
99 CHOREO, LLC 0.66% of their portfolio ROCKFORD, IL 204,738204.7k $53.6m $53.6m 0.66% Added +20.7k +20,734
100 Janney Montgomery Scott LLC 0.13% of their portfolio PHILADELPHIA, PA 203,898203.9k $53.4m $53.4m 0.13% Added +10.5k +10,488