Vault-13

VANGUARD INDEX FDS VTI

TOTAL STK MKT · ETP · CUSIP 922908769

3,163 institutional holders -17 vs Q4 2024
487,468,661487.5m shares reported held*
$131.9bnreported value*
114 new 1,400 added 1,205 reduced 117 sold out net bought ≈ $1.3bn (+5.1m 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 ($160.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $270.63. Options: 10 managers hold calls ($309.2m notional), 13 hold puts ($235.8m).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

02k4kQ3 22: 2,151Q4 22: 2,307Q1 23: 2,335Q2 23: 2,387Q3 23: 2,411Q4 23: 2,686Q1 24: 2,738Q2 24: 2,784Q3 24: 2,854Q4 24: 3,180Q1 25: 3,1633,163Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 20222,151
Q4 20222,307
Q1 20232,335
Q2 20232,387
Q3 20232,411
Q4 20232,686
Q1 20242,738
Q2 20242,784
Q3 20242,854
Q4 20243,180
Q1 20253,163

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 23: 1,077 bought or addedQ2 23: 1,019 cut or sold outQ3 23: 1,156 bought or addedQ3 23: 948 cut or sold outQ3 23Q4 23: 1,236 bought or addedQ4 23: 951 cut or sold outQ1 24: 1,337 bought or addedQ1 24: 1,105 cut or sold outQ1 24Q2 24: 1,263 bought or addedQ2 24: 1,078 cut or sold outQ3 24: 1,339 bought or addedQ3 24: 1,113 cut or sold outQ3 24Q4 24: 1,426 bought or addedQ4 24: 1,111 cut or sold outQ1 25: 1,514 bought or addedQ1 25: 1,322 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20231,0771,019
Q3 20231,156948
Q4 20231,236951
Q1 20241,3371,105
Q2 20241,2631,078
Q3 20241,3391,113
Q4 20241,4261,111
Q1 20251,5141,322

Calls vs puts

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

CallsPuts
$0$200m$400m$600mQ2 24 calls: $170.8mQ2 24 puts: $102.3mQ2 24P/C 0.60Q3 24 calls: $508.7mQ3 24 puts: $163.2mQ3 24P/C 0.32Q4 24 calls: $372.7mQ4 24 puts: $313.3mQ4 24P/C 0.84Q1 25 calls: $309.2mQ1 25 puts: $235.8mQ1 25P/C 0.76
Numbers
QuarterCallsPutsP/C
Q2 2024$170.8m$102.3m0.60
Q3 2024$508.7m$163.2m0.32
Q4 2024$372.7m$313.3m0.84
Q1 2025$309.2m$235.8m0.76

Biggest buyers

VANGUARD GROUP INC Added +2,195,553+2.2m
ROYAL BANK OF CANADA Added +1,634,211+1.6m
Wealthspire Advisors, LLC Added +1,120,527+1.1m
Auto-Owners Insurance Co Added +805,716+805.7k
JPMORGAN CHASE & CO Added +771,936+771.9k
HB Wealth Management, LLC Added +584,628+584.6k
MORGAN STANLEY Added +559,205+559.2k
Balyasny Asset Management L.P. Added +538,562+538.6k
Orion Portfolio Solutions, LLC Added +525,477+525.5k
Gallagher Fiduciary Advisors, LLC Added +485,781+485.8k

Biggest sellers

Essential Planning, LLC. Reduced -3,169,606-3.2m
Focus Partners Wealth Reduced -1,631,356-1.6m
Private Advisor Group, LLC Reduced -1,068,373-1.1m
Betterment LLC Reduced -874,483-874.5k
Savant Capital, LLC Reduced -638,204-638.2k
Elm Partners Management LLC Reduced -491,292-491.3k
Provida Pension Fund Administrator Reduced -457,479-457.5k
Bank of New York Mellon Corp Reduced -431,476-431.5k
WMS Partners, LLC Sold out -414,160-414.2k
ENVESTNET ASSET MANAGEMENT INC Reduced -373,667-373.7k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $145.0m527.5k shares
JANE STREET GROUP, LLC Reduced $79.4m289.0k shares
CITADEL ADVISORS LLC Added $60.5m220.3k shares
Twin Tree Management, LP Reduced $14.3m52.1k shares
WOLVERINE TRADING, LLC Reduced $4.3m15.8k shares
Parallax Volatility Advisers, L.P. Added $1.8m6.4k shares
Walleye Trading LLC Reduced $1.7m6.1k shares
Belvedere Trading LLC New $1.0m3.8k shares
Squarepoint Ops LLC Reduced $577.2k2.1k shares
Avestar Capital, LLC New $549.7k2.0k shares

Biggest puts

CITADEL ADVISORS LLC Reduced $113.3m412.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $49.9m181.6k shares
Quaker Wealth Management, LLC First filing $49.4m179.6k shares
Annandale Capital, LLC Unchanged $12.2m45.0k shares
JANE STREET GROUP, LLC Reduced $5.6m20.4k shares
WOLVERINE TRADING, LLC Reduced $2.3m8.5k shares
Walleye Trading LLC Reduced $907.0k3.3k shares
Weaver Capital Management LLC Unchanged $549.7k2.0k shares
Avestar Capital, LLC New $549.7k2.0k shares
Squarepoint Ops LLC Reduced $412.3k1.5k 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 VANGUARD GROUP INC 0.28% of their portfolio Valley Forge, PA 55,916,40155.9m $15.4bn $15.4bn 0.28% Added +2.2m +2,195,553
2 Rakuten Investment Management, Inc. 56.90% of their portfolio TOKYO, M0 45,463,77945.5m $12.4bn $12.4bn 56.90% First filing
3 Betterment LLC 17.01% of their portfolio NEW YORK, NY 26,094,61326.1m $7.2bn $7.2bn 17.01% Reduced -874.5k -874,483
4 Wealthfront Advisers LLC 11.78% of their portfolio Palo Alto, CA 15,971,43916.0m $4.4bn $4.4bn 11.78% Added +344.8k +344,795
5 MORGAN STANLEY 0.26% of their portfolio NEW YORK, NY 13,389,18513.4m $3.7bn $3.7bn 0.26% Added +559.2k +559,205
6 BANK OF AMERICA CORP /DE/ 0.32% of their portfolio CHARLOTTE, NC 13,174,68413.2m $3.6bn $3.6bn 0.32% Added +9.0k +8,956
7 LPL Financial LLC 1.39% of their portfolio FORT MILL, SC 12,996,72013.0m $3.6bn $3.6bn 1.39% Added +90.4k +90,381
8 WealthNavi Inc. 35.04% of their portfolio Shinagawa-ku, TOKYO, M0 11,457,21211.5m $3.1bn $3.1bn 35.04% Added +345.7k +345,712
9 NORTHERN TRUST CORP 0.40% of their portfolio CHICAGO, IL 9,763,6679.8m $2.7bn $2.7bn 0.40% Added +378.1k +378,147
10 HB Wealth Management, LLC 18.70% of their portfolio Atlanta, GA 8,458,4358.5m $2.2bn $2.2bn 18.70% Added +584.6k +584,628
11 Allworth Financial LP 12.41% of their portfolio FOLSOM, CA 8,183,5148.2m $2.2bn $2.2bn 12.41% Added +128.4k +128,356
12 Creative Planning 1.69% of their portfolio OVERLAND PARK, KS 6,539,7726.5m $1.8bn $1.8bn 1.69% Reduced -80.3k -80,328
13 Wellspring Financial Advisors, LLC 5.93% of their portfolio CLEVELAND, OH 6,177,9646.2m $53.3m $53.3m 5.93% Reduced -9.6k -9,612
14 ENVESTNET ASSET MANAGEMENT INC 0.53% of their portfolio Berwyn, PA 6,033,6706.0m $1.7bn $1.7bn 0.53% Reduced -373.7k -373,667
15 WELLS FARGO & COMPANY/MN 0.39% of their portfolio SAN FRANCISCO, CA 5,884,8065.9m $1.6bn $1.6bn 0.39% Reduced -1.0k -1,014
16 Ballentine Partners, LLC 27.90% of their portfolio Waltham, MA 5,856,5195.9m $1.6bn $1.6bn 27.90% Reduced -36.5k -36,489
17 Forvis Mazars Wealth Advisors, LLC 29.39% of their portfolio Springfield, MO 4,458,7574.5m $1.2bn $1.2bn 29.39% Added +229.3k +229,327
18 JPMORGAN CHASE & CO 0.09% of their portfolio NEW YORK, NY 4,424,4034.4m $1.2bn $1.2bn 0.09% Added +771.9k +771,936
19 ROYAL BANK OF CANADA 0.27% of their portfolio TORONTO, A6 4,370,8134.4m $1.2bn $1.2bn 0.27% Added +1.6m +1,634,211
20 UBS Group AG 0.25% of their portfolio ZURICH, V8 4,162,3314.2m $1.1bn $1.1bn 0.25% Reduced -88.7k -88,686
21 NISSAY ASSET MANAGEMENT CORP /JAPAN 7.05% of their portfolio Tokyo, M0 3,944,2053.9m $1.1bn $1.1bn 7.05% Unchanged
22 Sequoia Financial Advisors, LLC 7.34% of their portfolio Akron, OH 3,458,6363.5m $950.6m $950.6m 7.34% Added +249.7k +249,717
23 RAYMOND JAMES FINANCIAL INC 0.33% of their portfolio ST. PETERSBURG, FL 3,144,8303.1m $864.3m $864.3m 0.33% Added +86.6k +86,622
24 National Mutual Insurance Federation of Agricultural Cooperatives 6.63% of their portfolio TOKYO, JAPAN, M0 2,686,8002.7m $738.4m $738.4m 6.63% Unchanged
25 SCS Capital Management LLC 8.98% of their portfolio BOSTON, MA 2,567,8442.6m $705.7m $705.7m 8.98% Added +453.1k +453,140
26 COMMONWEALTH EQUITY SERVICES, LLC 1.00% of their portfolio WALTHAM, MA 2,560,8452.6m $703.8m $703.8m 1.00% Added +273.5k +273,545
27 PNC Financial Services Group, Inc. 0.37% of their portfolio Pittsburgh, PA 2,549,3382.5m $700.7m $700.7m 0.37% Added +114.7k +114,733
28 AMERIPRISE FINANCIAL INC 0.18% of their portfolio MINNEAPOLIS, MN 2,441,8862.4m $669.5m $669.5m 0.18% Added +43.3k +43,327
29 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 2,343,1172.3m $644.0m $644.0m 0.12% Added +368.5k +368,498
30 Cetera Investment Advisers 1.23% of their portfolio SCHAUMBURG, IL 2,310,1532.3m $634.9m $634.9m 1.23% Added +88.6k +88,607
31 Wealthspire Advisors, LLC 3.72% of their portfolio NEW YORK, NY 2,266,9242.3m $623.0m $623.0m 3.72% Added +1.1m +1,120,527
32 US BANCORP \DE\ 0.81% of their portfolio MINNEAPOLIS, MN 2,217,0782.2m $609.3m $609.3m 0.81% Added +10.2k +10,229
33 Bank of New York Mellon Corp 0.12% of their portfolio NEW YORK, NY 2,158,8782.2m $593.3m $593.3m 0.12% Reduced -431.5k -431,476
34 Cambridge Investment Research Advisors, Inc. 1.86% of their portfolio FAIRFIELD, IA 2,007,9192.0m $551.9m $551.9m 1.86% Added +26.3k +26,264
35 BROWN ADVISORY INC 0.74% of their portfolio BALTIMORE, MD 1,881,2211.9m $517.0m $517.0m 0.74% Reduced -70.8k -70,760
36 Facet Wealth, Inc. 12.80% of their portfolio WEST PALM BEACH, FL 1,782,9541.8m $494.3m $494.3m 12.80% Reduced -104.8k -104,824
37 State of New Jersey Common Pension Fund D 2.12% of their portfolio TRENTON, NJ 1,714,9701.7m $471.3m $471.3m 2.12% Reduced -47.8k -47,830
38 State of Tennessee, Department of Treasury 1.75% of their portfolio NASHVILLE, TN 1,661,4211.7m $456.6m $456.6m 1.75% Added +74.0k +73,961
39 OSAIC HOLDINGS, INC. 1.02% of their portfolio SCOTTSDALE, AZ 1,657,5761.7m $455.8m $455.8m 1.02% Added +215.1k +215,142
40 Mariner, LLC 0.75% of their portfolio Overland Park, KS 1,631,8141.6m $448.4m $448.4m 0.75% Added +42.1k +42,149
41 Cerity Partners LLC 0.92% of their portfolio NEW YORK, NY 1,630,8791.6m $448.2m $448.2m 0.92% Added +56.9k +56,878
42 HighTower Advisors, LLC 0.60% of their portfolio CHICAGO, IL 1,618,3461.6m $444.8m $444.8m 0.60% Reduced -3.5k -3,524
43 Empower Advisory Group, LLC 1.39% of their portfolio Greenwood Village, CO 1,553,4591.6m $427.0m $427.0m 1.39% Reduced -115.7k -115,671
44 Summit Financial, LLC 11.69% of their portfolio PARSIPPANY, NJ 1,517,9011.5m $417.2m $417.2m 11.69% Added +34.8k +34,751
45 Savant Capital, LLC 3.37% of their portfolio ROCKFORD, IL 1,449,5711.4m $398.4m $398.4m 3.37% Reduced -638.2k -638,204
46 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 29.82% of their portfolio KNOXVILLE, TN 1,444,7871.4m $397.1m $397.1m 29.82% Added +14.1k +14,119
47 MERCER GLOBAL ADVISORS INC /ADV 0.87% of their portfolio DENVER, CO 1,384,3951.4m $380.3m $380.3m 0.87% Added +203.6k +203,634
48 Balyasny Asset Management L.P. 0.93% of their portfolio Chicago, IL 1,344,3811.3m $369.5m $369.5m 0.93% Added +538.6k +538,562
49 Ellevest, Inc. 23.73% of their portfolio NEW YORK, NY 1,295,5251.3m $356.1m $356.1m 23.73% Reduced -200.4k -200,426
50 Foster Group, Inc. 13.11% of their portfolio WEST DES MOINES, IA 1,274,3911.3m $350.3m $350.3m 13.11% Added +20.7k +20,698
51 Prime Capital Investment Advisors, LLC 4.00% of their portfolio OVERLAND PARK, KS 1,246,4481.2m $342.6m $342.6m 4.00% Reduced -8.4k -8,418
52 WEALTHCARE CAPITAL MANAGEMENT LLC 34.37% of their portfolio RICHMOND, VA 1,233,0691.2m $338.9m $338.9m 34.37% Reduced -55.1k -55,090
53 Truepoint, Inc. 9.17% of their portfolio CINCINNATI, OH 1,230,4131.2m $338.2m $338.2m 9.17% Reduced -14.1k -14,122
54 FMR LLC 0.02% of their portfolio BOSTON, MA 1,178,7141.2m $324.0m $324.0m 0.02% Added +94.2k +94,198
55 Sageworth Trust Co 20.12% of their portfolio LANCASTER, PA 1,177,5381.2m $323.6m $323.6m 20.12% Reduced -39.8k -39,774
56 Corient Private Wealth LP 0.51% of their portfolio MIAMI, FL 1,132,6141.1m $311.3m $311.3m 0.51% Reduced -281.2k -281,170
57 VISTA CAPITAL PARTNERS, INC. 37.76% of their portfolio PORTLAND, OR 1,131,5931.1m $311.0m $311.0m 37.76% Reduced -4.0k -4,039
58 Focus Partners Wealth 0.77% of their portfolio ST LOUIS, MO 1,122,8291.1m $308.6m $308.6m 0.77% Reduced -1.6m -1,631,356
59 Private Advisor Group, LLC 1.85% of their portfolio MORRISTOWN, NJ 1,115,1241.1m $306.5m $306.5m 1.85% Reduced -1.1m -1,068,373
60 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.56% of their portfolio PLYMOUTH, MN 1,070,9031.1m $294.3m $294.3m 0.56% Added +58.0k +58,034
61 RITHOLTZ WEALTH MANAGEMENT 8.74% of their portfolio NEW YORK, NY 1,064,5731.1m $292.6m $292.6m 8.74% Added +229.7k +229,658
62 NOVO HOLDINGS A/S 21.71% of their portfolio HELLERUP, G7 1,038,5501.0m $285.4m $285.4m 21.71% Unchanged
63 Orion Portfolio Solutions, LLC 1.45% of their portfolio Omaha, NE 1,036,6671.0m $292.6m $292.6m 1.45% Added +525.5k +525,477
64 Capstone Financial Advisors, Inc. 16.57% of their portfolio DOWNERS GROVE, IL 960,904960.9k $264.1m $264.1m 16.57% Added +10.1k +10,101
65 Symetra Investment Management Co 64.04% of their portfolio Farmington, CT 947,140947.1k $260.3m $260.3m 64.04% Added +144.8k +144,800
66 NorthCoast Asset Management LLC 1.25% of their portfolio STAMFORD, CT 902,865902.9k $248.1m $248.1m 1.25% Added +1.2k +1,233
67 First Business Financial Services, Inc. 24.39% of their portfolio MADISON, WI 902,459902.5k $248.0m $248.0m 24.39% Added +23.5k +23,486
68 BANK OF MONTREAL /CAN/ 0.13% of their portfolio TORONTO, A6 897,227897.2k $246.6m $246.6m 0.13% Reduced -47.5k -47,487
69 TIAA TRUST, NATIONAL ASSOCIATION 0.77% of their portfolio CHARLOTTE, NC 896,014896.0k $246.3m $246.3m 0.77% Reduced -14.6k -14,581
70 Gibson Capital, LLC 51.39% of their portfolio WEXFORD, PA 888,197888.2k $244.1m $244.1m 51.39% Reduced -21.8k -21,833
71 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.20% of their portfolio MILWAUKEE, WI 887,462887.5k $243.9m $243.9m 0.20% Reduced -10.2k -10,242
72 Caprock Group, LLC 7.29% of their portfolio BOISE, ID 869,795869.8k $239.1m $239.1m 7.29% Reduced -34.2k -34,186
73 Cresset Asset Management, LLC 1.17% of their portfolio Chicago, IL 849,423849.4k $233.5m $233.5m 1.17% Reduced -9.9k -9,947
74 Auto-Owners Insurance Co 1.06% of their portfolio LANSING, MI 842,316842.3k $40.1m $40.1m 1.06% Added +805.7k +805,716
75 CITIGROUP INC 0.17% of their portfolio NEW YORK, NY 831,598831.6k $228.6m $228.6m 0.17% Added +4.8k +4,847
76 Moss Adams Wealth Advisors LLC 23.86% of their portfolio SEATTLE, WA 824,580824.6k $226.6m $226.6m 23.86% Added +42.1k +42,122
77 LINCOLN NATIONAL CORP 7.28% of their portfolio RADNOR, PA 822,449822.4k $226.0m $226.0m 7.28% Reduced -3.4k -3,369
78 STEPHENS INC /AR/ 3.29% of their portfolio LITTLE ROCK, AR 817,618817.6k $224.7m $224.7m 3.29% Reduced -34.6k -34,567
79 OXFORD FINANCIAL GROUP, LTD. LLC 15.56% of their portfolio INDIANAPOLIS, IN 807,222807.2k $221.9m $221.9m 15.56% Added +79.3k +79,300
80 Investure, LLC 14.36% of their portfolio CHARLOTTESVILLE, VA 790,401790.4k $217.2m $217.2m 14.36% Added +11.1k +11,105
81 Hardy Reed LLC 18.77% of their portfolio TUPELO, MS 774,474774.5k $212.9m $212.9m 18.77% Added +22.9k +22,878
82 Baird Financial Group, Inc. 0.40% of their portfolio MILWAUKEE, WI 759,147759.1k $208.6m $208.6m 0.40% Added +72.1k +72,137
83 N.E.W. Advisory Services LLC 15.86% of their portfolio DE PERE, WI 754,019754.0k $207.2m $207.2m 15.86% Added +142.9k +142,913
84 Verus Financial Partners, Inc. 22.44% of their portfolio RICHMOND, VA 746,116746.1k $196.7m $196.7m 22.44% Added +8.2k +8,211
85 Tidal Investments LLC 1.73% of their portfolio Milwaukee, WI 742,994743.0k $204.2m $204.2m 1.73% Added +46.1k +46,076
86 Cabot-Wellington, LLC 70.74% of their portfolio BOSTON, MA 698,547698.5k $192.0m $192.0m 70.74% Reduced -6.5k -6,543
87 STIFEL FINANCIAL CORP 0.20% of their portfolio ST. LOUIS, MO 689,029689.0k $189.4m $189.4m 0.20% Added +6.2k +6,223
88 TRUIST FINANCIAL CORP 0.30% of their portfolio CHARLOTTE, NC 685,224685.2k $188.3m $188.3m 0.30% Added +52.5k +52,458
89 Pathstone Holdings, LLC 0.81% of their portfolio ENGLEWOOD, NJ 677,420677.4k $186.1m $186.1m 0.81% Added +75.1k +75,087
90 IEQ CAPITAL, LLC 1.48% of their portfolio Foster City, CA 676,280676.3k $185.9m $185.9m 1.48% Added +390.3k +390,339
91 CAPTRUST FINANCIAL ADVISORS 0.46% of their portfolio RALEIGH, NC 666,306666.3k $183.1m $183.1m 0.46% Added +63.3k +63,334
92 TWO SIGMA INVESTMENTS, LP 0.40% of their portfolio NEW YORK, NY 663,327663.3k $182.3m $182.3m 0.40% Reduced -80.5k -80,523
93 REBALANCE, LLC 13.33% of their portfolio PALO ALTO, CA 658,888658.9k $181.1m $181.1m 13.33% Added +11.5k +11,505
94 Boston Standard Wealth Management, LLC 37.80% of their portfolio WINCHESTER, MA 642,752642.8k $171.9m $171.9m 37.80% Reduced -19.7k -19,694
95 AGF MANAGEMENT LTD 0.93% of their portfolio TORONTO, A6 641,133641.1k $176.0m $176.0m 0.93% Added +646 +646
96 SBI Securities Co., Ltd. 5.87% of their portfolio TOKYO, M0 640,417640.4k $176.0m $176.0m 5.87% Reduced -7.0k -7,045
97 Envestnet Portfolio Solutions, Inc. 0.67% of their portfolio BERWYN, PA 634,954635.0k $174.5m $174.5m 0.67% Reduced -327.6k -327,579
98 Provida Pension Fund Administrator 3.41% of their portfolio LAS CONDES, SANTIAGO, F3 615,248615.2k $169.0m $169.0m 3.41% Reduced -457.5k -457,479
99 Rockefeller Capital Management L.P. 0.42% of their portfolio NEW YORK, NY 614,167614.2k $168.8m $168.8m 0.42% Added +22.2k +22,217
100 AQR CAPITAL MANAGEMENT LLC 0.17% of their portfolio Greenwich, CT 610,711610.7k $167.8m $167.8m 0.17% Added +153.7k +153,676