Vault-13

VANGUARD INDEX FDS VTI

TOTAL STK MKT · ETP · CUSIP 922908769

3,582 institutional holders -4 vs Q4 2025
728,213,735728.2m shares reported held*
$182.8bnreported value*
109 new 1,631 added 1,288 reduced 115 sold out net bought ≈ $15.8bn (+195.5m 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 ($517.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $251.12. Options: 8 managers hold calls ($412.5m notional), 11 hold puts ($404.3m).

Trends to Q1 2026

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: 3,163Q2 25: 3,225Q3 25: 3,256Q4 25: 3,586Q1 26: 3,5823,582Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q2 20253,225
Q3 20253,256
Q4 20253,586
Q1 20263,582

Buyers vs sellers

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

Bought or addedCut or sold out
2k02kQ2 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 25Q2 25: 1,522 bought or addedQ2 25: 1,254 cut or sold outQ3 25: 1,535 bought or addedQ3 25: 1,292 cut or sold outQ3 25Q4 25: 1,590 bought or addedQ4 25: 1,300 cut or sold outQ1 26: 1,740 bought or addedQ1 26: 1,403 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20241,2631,078
Q3 20241,3391,113
Q4 20241,4261,111
Q1 20251,5141,322
Q2 20251,5221,254
Q3 20251,5351,292
Q4 20251,5901,300
Q1 20261,7401,403

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ2 25 calls: $435.7mQ2 25 puts: $668.2mQ2 25P/C 1.53Q3 25 calls: $477.4mQ3 25 puts: $200.4mQ3 25P/C 0.42Q4 25 calls: $530.6mQ4 25 puts: $176.9mQ4 25P/C 0.33Q1 26 calls: $412.5mQ1 26 puts: $404.3mQ1 26P/C 0.98
Numbers
QuarterCallsPutsP/C
Q2 2025$435.7m$668.2m1.53
Q3 2025$477.4m$200.4m0.42
Q4 2025$530.6m$176.9m0.33
Q1 2026$412.5m$404.3m0.98

Biggest buyers

Gallagher Fiduciary Advisors, LLC Added +152,574,878+152.6m
Rakuten Investment Management, Inc. Added +47,479,738+47.5m
West Virginia University Foundation, Inc Added +1,297,007+1.3m
VestGen Advisors, LLC Added +591,790+591.8k
MORGAN STANLEY Added +548,759+548.8k
SBI Okasan Asset Management Co.Ltd. Added +547,750+547.8k
WealthNavi Inc. Added +540,294+540.3k
GOLDMAN SACHS GROUP INC Added +525,628+525.6k
Obermeyer Wealth Partners Added +409,387+409.4k
Clearstead Advisors, LLC Added +401,058+401.1k

Biggest sellers

Align Financial, LLC Reduced -6,252,375-6.3m
LPL Financial LLC Reduced -3,754,475-3.8m
Corient Private Wealth LP Reduced -1,951,715-2.0m
Provida Pension Fund Administrator Reduced -1,066,675-1.1m
TIAA TRUST, NATIONAL ASSOCIATION Reduced -688,412-688.4k
Betterment LLC Reduced -644,868-644.9k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -403,513-403.5k
Empower Advisory Group, LLC Reduced -355,271-355.3k
COMMONWEALTH EQUITY SERVICES, LLC Reduced -351,271-351.3k
Bank of New York Mellon Corp Reduced -332,837-332.8k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $232.8m725.7k shares
JANE STREET GROUP, LLC Reduced $102.9m320.9k shares
CITADEL ADVISORS LLC Added $72.1m224.8k shares
Walleye Trading LLC Reduced $2.5m7.7k shares
OLD MISSION CAPITAL LLC Added $1.3m306.6k shares
ZEGA Investments, LLC New $577.5k1.8k shares
Brookwood Investment Group LLC New $192.5k600 shares
Fiduciary Group, LLC New $96.2k300 shares

Biggest puts

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New $211.7m20.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $88.7m276.5k shares
CITADEL ADVISORS LLC Reduced $74.9m233.6k shares
JANE STREET GROUP, LLC Added $26.0m81.1k shares
O'SHAUGHNESSY ASSET MANAGEMENT, LLC New $1.6m4.9k shares
OLD MISSION CAPITAL LLC Added $869.4k102.6k shares
Belvedere Trading LLC New $224.6k700 shares
Brookwood Investment Group LLC New $192.5k600 shares
Chicago Partners Investment Group LLC New $35.1k100 shares
Walleye Trading LLC Reduced $32.1k100 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 Gallagher Fiduciary Advisors, LLC 0.07% of their portfolio ROLLING MEADOWS, IL 153,056,541153.1m $1.9m $1.9m 0.07% Added +152.6m +152,574,878
2 Rakuten Investment Management, Inc. 63.14% of their portfolio TOKYO, M0 94,959,47695.0m $31.1bn $31.1bn 63.14% Added +47.5m +47,479,738
3 Vanguard Global Advisers, LLC 6.35% of their portfolio MALVERN, PA 36,915,65136.9m $11.8bn $11.8bn 6.35% First filing
4 VANGUARD ADVISERS INC 35.83% of their portfolio Malvern, PA 28,490,61528.5m $9.1bn $9.1bn 35.83% First filing
5 Betterment LLC 14.90% of their portfolio NEW YORK, NY 24,526,70724.5m $7.9bn $7.9bn 14.90% Reduced -644.9k -644,868
6 Wealthfront Advisers LLC 12.65% of their portfolio Palo Alto, CA 17,969,44518.0m $5.8bn $5.8bn 12.65% Reduced -55.8k -55,838
7 MORGAN STANLEY 0.28% of their portfolio NEW YORK, NY 14,341,15314.3m $4.6bn $4.6bn 0.28% Added +548.8k +548,759
8 BANK OF AMERICA CORP /DE/ 0.34% of their portfolio CHARLOTTE, NC 14,287,40914.3m $4.6bn $4.6bn 0.34% Added +102.2k +102,161
9 WealthNavi Inc. 35.97% of their portfolio Shinagawa-ku, TOKYO, M0 12,935,07312.9m $4.1bn $4.1bn 35.97% Added +540.3k +540,294
10 LPL Financial LLC 0.88% of their portfolio FORT MILL, SC 10,325,30510.3m $3.3bn $3.3bn 0.88% Reduced -3.8m -3,754,475
11 NORTHERN TRUST CORP 0.41% of their portfolio CHICAGO, IL 9,715,0519.7m $3.1bn $3.1bn 0.41% Added +2.1k +2,129
12 HB Wealth Management, LLC 17.28% of their portfolio Atlanta, GA 8,726,4058.7m $2.7bn $2.7bn 17.28% Added +78.2k +78,244
13 Allworth Financial LP 11.09% of their portfolio FOLSOM, CA 8,504,3788.5m $2.7bn $2.7bn 11.09% Added +8.4k +8,391
14 Wellspring Financial Advisors, LLC 4.21% of their portfolio CLEVELAND, OH 6,161,9796.2m $56.1m $56.1m 4.21% Reduced -10.1k -10,075
15 Creative Planning 1.33% of their portfolio OVERLAND PARK, KS 6,120,7106.1m $2.0bn $2.0bn 1.33% Added +53.7k +53,700
16 ENVESTNET ASSET MANAGEMENT INC 0.52% of their portfolio Berwyn, PA 6,031,0216.0m $1.9bn $1.9bn 0.52% Added +281.9k +281,923
17 WELLS FARGO & COMPANY/MN 0.37% of their portfolio SAN FRANCISCO, CA 5,733,2995.7m $1.8bn $1.8bn 0.37% Added +88.5k +88,508
18 Narodna banka Slovenska 58.71% of their portfolio BRATISLAVA, 2B 5,654,3045.7m $1.8bn $1.8bn 58.71% First filing
19 Ballentine Partners, LLC 24.75% of their portfolio Waltham, MA 5,541,9215.5m $1.8bn $1.8bn 24.75% Reduced -116.9k -116,935
20 Forvis Mazars Wealth Advisors, LLC 30.44% of their portfolio Springfield, MO 4,998,9175.0m $1.6bn $1.6bn 30.44% Added +146.5k +146,480
21 JPMORGAN CHASE & CO 0.10% of their portfolio NEW YORK, NY 4,704,9274.7m $1.5bn $1.5bn 0.10% Reduced -158.7k -158,727
22 UBS Group AG 0.25% of their portfolio ZURICH, V8 4,429,6304.4m $1.4bn $1.4bn 0.25% Added +363.9k +363,882
23 Sequoia Financial Advisors, LLC 6.81% of their portfolio Akron, OH 3,787,7433.8m $1.2bn $1.2bn 6.81% Added +72.3k +72,261
24 NISSAY ASSET MANAGEMENT CORP /JAPAN 6.23% of their portfolio Tokyo, M0 3,663,0053.7m $1.2bn $1.2bn 6.23% Unchanged
25 Cetera Investment Advisers 1.15% of their portfolio SCHAUMBURG, IL 3,364,6023.4m $1.1bn $1.1bn 1.15% Added +112.4k +112,352
26 RAYMOND JAMES FINANCIAL INC 0.29% of their portfolio ST. PETERSBURG, FL 2,952,8903.0m $947.3m $947.3m 0.29% Reduced -60.2k -60,202
27 ROYAL BANK OF CANADA 0.18% of their portfolio TORONTO, A6 2,922,0982.9m $937.4m $937.4m 0.18% Reduced -133.0k -133,045
28 GOLDMAN SACHS GROUP INC 0.12% of their portfolio NEW YORK, NY 2,904,3072.9m $931.7m $931.7m 0.12% Added +525.6k +525,628
29 Focus Partners Wealth 0.98% of their portfolio ST LOUIS, MO 2,745,9612.7m $881.4m $881.4m 0.98% Added +196.4k +196,376
30 National Mutual Insurance Federation of Agricultural Cooperatives 6.64% of their portfolio TOKYO, JAPAN, M0 2,686,8002.7m $862.0m $862.0m 6.64% Unchanged
31 SBI Okasan Asset Management Co.Ltd. 33.99% of their portfolio TOKYO, M0 2,661,3902.7m $829.5m $829.5m 33.99% Added +547.8k +547,750
32 OSAIC HOLDINGS, INC. 1.23% of their portfolio SCOTTSDALE, AZ 2,623,6382.6m $841.9m $841.9m 1.23% Reduced -9.8k -9,805
33 SCS Capital Management LLC 8.85% of their portfolio BOSTON, MA 2,603,3992.6m $835.2m $835.2m 8.85% Added +63.9k +63,867
34 Savant Capital, LLC 4.03% of their portfolio ROCKFORD, IL 2,597,1852.6m $833.2m $833.2m 4.03% Added +175.4k +175,403
35 PNC Financial Services Group, Inc. 0.43% of their portfolio Pittsburgh, PA 2,337,0782.3m $749.8m $749.8m 0.43% Reduced -19.1k -19,108
36 HighTower Advisors, LLC 0.76% of their portfolio CHICAGO, IL 2,237,8012.2m $717.9m $717.9m 0.76% Added +53.4k +53,410
37 Facet Wealth, Inc. 12.40% of their portfolio WEST PALM BEACH, FL 2,231,3322.2m $715.8m $715.8m 12.40% Added +66.9k +66,881
38 BROWN ADVISORY INC 1.16% of their portfolio BALTIMORE, MD 2,209,0842.2m $708.7m $708.7m 1.16% Added +37.7k +37,730
39 Cambridge Investment Research Advisors, Inc. 1.76% of their portfolio FAIRFIELD, IA 2,131,8612.1m $683.9m $683.9m 1.76% Added +52.0k +52,012
40 US BANCORP \DE\ 0.80% of their portfolio MINNEAPOLIS, MN 2,115,0132.1m $655.7m $655.7m 0.80% Added +35.4k +35,439
41 MERCER GLOBAL ADVISORS INC /ADV 0.98% of their portfolio DENVER, CO 2,070,3342.1m $664.0m $664.0m 0.98% Added +17.8k +17,819
42 West Virginia University Foundation, Inc 39.60% of their portfolio MORGANTOWN, WV 2,025,9312.0m $649.9m $649.9m 39.60% Added +1.3m +1,297,007
43 Cerity Partners LLC 0.90% of their portfolio NEW YORK, NY 1,984,2062.0m $637.0m $637.0m 0.90% Added +108.2k +108,198
44 COMMONWEALTH EQUITY SERVICES, LLC 0.88% of their portfolio WALTHAM, MA 1,969,0332.0m $631.7m $631.7m 0.88% Reduced -351.3k -351,271
45 Corient Private Wealth LP 0.87% of their portfolio MIAMI, FL 1,944,4821.9m $605.3m $605.3m 0.87% Reduced -2.0m -1,951,715
46 AMERIPRISE FINANCIAL INC 0.14% of their portfolio MINNEAPOLIS, MN 1,917,7671.9m $615.3m $615.3m 0.14% Reduced -267.1k -267,111
47 Mariner, LLC 0.69% of their portfolio Overland Park, KS 1,854,6811.9m $594.5m $594.5m 0.69% Added +66.6k +66,626
48 Bank of New York Mellon Corp 0.10% of their portfolio NEW YORK, NY 1,735,0831.7m $556.6m $556.6m 0.10% Reduced -332.8k -332,837
49 Summit Financial, LLC 7.08% of their portfolio PARSIPPANY, NJ 1,731,7171.7m $555.6m $555.6m 7.08% Added +70.5k +70,480
50 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 8.78% of their portfolio BOSTON, MA 1,715,4611.7m $550.3m $550.3m 8.78% Reduced -10.6k -10,555
51 State of Tennessee, Department of Treasury 1.77% of their portfolio NASHVILLE, TN 1,639,7631.6m $526.1m $526.1m 1.77% Added +57.2k +57,242
52 RITHOLTZ WEALTH MANAGEMENT 8.76% of their portfolio NEW YORK, NY 1,574,3931.6m $505.1m $505.1m 8.76% Added +140.7k +140,683
53 FMR LLC 0.03% of their portfolio BOSTON, MA 1,486,0431.5m $476.7m $476.7m 0.03% Added +123.7k +123,726
54 PATRIOT INVESTMENT MANAGEMENT GROUP, INC. 30.05% of their portfolio KNOXVILLE, TN 1,466,5251.5m $470.5m $470.5m 30.05% Reduced -2.6k -2,577
55 Foster Group, Inc. 13.33% of their portfolio WEST DES MOINES, IA 1,396,0121.4m $447.9m $447.9m 13.33% Added +52.7k +52,716
56 AQR CAPITAL MANAGEMENT LLC 0.20% of their portfolio Greenwich, CT 1,391,0961.4m $446.3m $446.3m 0.20% Added +164.7k +164,693
57 Vanguard National Trust Co 26.56% of their portfolio MALVERN, PA 1,313,9411.3m $421.5m $421.5m 26.56% First filing
58 Empower Advisory Group, LLC 1.08% of their portfolio Greenwood Village, CO 1,301,3031.3m $417.5m $417.5m 1.08% Reduced -355.3k -355,271
59 Moss Adams Wealth Advisors LLC 29.56% of their portfolio SEATTLE, WA 1,259,9161.3m $404.2m $404.2m 29.56% Added +38.4k +38,437
60 Symetra Investment Management Co 34.27% of their portfolio Farmington, CT 1,233,0451.2m $395.6m $395.6m 34.27% Added +95.0k +94,995
61 IEQ CAPITAL, LLC 1.81% of their portfolio Foster City, CA 1,218,0911.2m $390.8m $390.8m 1.81% Added +20.4k +20,427
62 Truepoint, Inc. 8.43% of their portfolio CINCINNATI, OH 1,178,2701.2m $378.0m $378.0m 8.43% Reduced -13.8k -13,808
63 Private Advisor Group, LLC 1.77% of their portfolio MORRISTOWN, NJ 1,175,4721.2m $377.1m $377.1m 1.77% Added +35.7k +35,676
64 Sageworth Trust Co 15.51% of their portfolio LANCASTER, PA 1,124,9571.1m $360.9m $360.9m 15.51% Reduced -26.1k -26,073
65 Plancorp, LLC 10.67% of their portfolio SAINT LOUIS, MO 1,119,7601.1m $375.2m $375.2m 10.67% Added +90.3k +90,280
66 VISTA CAPITAL PARTNERS, INC. 36.08% of their portfolio PORTLAND, OR 1,117,9651.1m $358.7m $358.7m 36.08% Added +9.2k +9,228
67 Rockefeller Capital Management L.P. 0.63% of their portfolio NEW YORK, NY 1,103,1261.1m $353.9m $353.9m 0.63% Added +34.8k +34,815
68 WEALTHCARE CAPITAL MANAGEMENT LLC 34.83% of their portfolio RICHMOND, VA 1,085,6141.1m $348.3m $348.3m 34.83% Reduced -9.2k -9,154
69 Prime Capital Investment Advisors, LLC 4.02% of their portfolio OVERLAND PARK, KS 1,083,7831.1m $347.7m $347.7m 4.02% Reduced -30.0k -30,013
70 BlackRock, Inc. 0.01% of their portfolio New York, NY 1,083,0121.1m $347.4m $347.4m 0.01% Added +106.0k +106,006
71 ASSETMARK, INC 0.68% of their portfolio CONCORD, CA 1,034,0351.0m $331.7m $331.7m 0.68% Added +13.7k +13,719
72 Beacon Pointe Advisors, LLC 1.75% of their portfolio NEWPORT BEACH, CA 1,026,4671.0m $329.3m $329.3m 1.75% Added +283.5k +283,476
73 BANK OF MONTREAL /CAN/ 0.13% of their portfolio TORONTO, A6 969,473969.5k $311.0m $311.0m 0.13% Added +25.6k +25,618
74 Capstone Financial Advisors, Inc. 16.75% of their portfolio DOWNERS GROVE, IL 969,374969.4k $311.0m $311.0m 16.75% Added +11.5k +11,536
75 Wealthspire Advisors, LLC 2.43% of their portfolio NEW YORK, NY 963,010963.0k $308.9m $308.9m 2.43% Reduced -24.6k -24,611
76 Elm Partners Management LLC 12.97% of their portfolio Philadelphia, PA 960,162960.2k $299.3m $299.3m 12.97% Reduced -35.9k -35,856
77 Baird Financial Group, Inc. 0.45% of their portfolio MILWAUKEE, WI 903,864903.9k $290.0m $290.0m 0.45% Added +27.6k +27,606
78 Quantinno Capital Management LP 0.48% of their portfolio NEW YORK, NY 900,091900.1k $288.8m $288.8m 0.48% Added +122.3k +122,263
79 Caprock Group, LLC 6.94% of their portfolio BOISE, ID 891,081891.1k $285.9m $285.9m 6.94% Reduced -3.4k -3,426
80 Cresset Asset Management, LLC 1.20% of their portfolio Chicago, IL 860,804860.8k $276.2m $276.2m 1.20% Added +41.1k +41,087
81 Gibson Capital, LLC 50.85% of their portfolio WEXFORD, PA 851,601851.6k $273.2m $273.2m 50.85% Reduced -9.3k -9,283
82 Norinchukin Bank, The 3.18% of their portfolio TOKYO, M0 850,500850.5k $272.8m $272.8m 3.18% Added +60.0k +60,000
83 Pathstone Holdings, LLC 1.06% of their portfolio ENGLEWOOD, NJ 833,032833.0k $267.2m $267.2m 1.06% Added +25.7k +25,723
84 LINCOLN NATIONAL CORP 7.68% of their portfolio RADNOR, PA 826,600826.6k $265.2m $265.2m 7.68% Added +6.0k +6,033
85 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.16% of their portfolio MILWAUKEE, WI 817,443817.4k $262.2m $262.2m 0.16% Added +56.0k +55,955
86 TRUIST FINANCIAL CORP 0.35% of their portfolio CHARLOTTE, NC 810,869810.9k $260.1m $260.1m 0.35% Added +85.3k +85,350
87 Vestmark Advisory Solutions, Inc. 2.87% of their portfolio Wakefield, MA 806,789806.8k $258.8m $258.8m 2.87% Added +91.7k +91,656
88 CAPTRUST FINANCIAL ADVISORS 0.45% of their portfolio RALEIGH, NC 799,543799.5k $256.5m $256.5m 0.45% Added +10.5k +10,532
89 First Business Financial Services, Inc. 22.74% of their portfolio MADISON, WI 797,187797.2k $255.7m $255.7m 22.74% Added +8.3k +8,285
90 Laird Norton Wetherby Trust Company, LLC 5.52% of their portfolio Seattle, WA 789,042789.0k $253.1m $253.1m 5.52% Added +68.8k +68,836
91 Cabot-Wellington, LLC 73.94% of their portfolio BOSTON, MA 779,153779.2k $250.0m $250.0m 73.94% Added +111.9k +111,899
92 OXFORD FINANCIAL GROUP, LTD. LLC 13.38% of their portfolio INDIANAPOLIS, IN 774,422774.4k $248.4m $248.4m 13.38% Reduced -21.5k -21,471
93 Verus Financial Partners, Inc. 24.02% of their portfolio RICHMOND, VA 773,864773.9k $267.8m $267.8m 24.02% Added +10.0k +10,035
94 JONES FINANCIAL COMPANIES LLLP 0.12% of their portfolio DES PERES, MO 773,538773.5k $242.6m $242.6m 0.12% Added +130.3k +130,347
95 Hardy Reed LLC 18.03% of their portfolio TUPELO, MS 770,559770.6k $247.2m $247.2m 18.03% Added +7.2k +7,166
96 N.E.W. Advisory Services LLC 18.21% of their portfolio DE PERE, WI 759,045759.0k $243.5m $243.5m 18.21% Added +38.4k +38,408
97 REBALANCE, LLC 13.79% of their portfolio PALO ALTO, CA 740,556740.6k $237.6m $237.6m 13.79% Reduced -5.8k -5,795
98 Kestra Advisory Services, LLC 0.90% of their portfolio AUSTIN, TX 740,108740.1k $237.4m $237.4m 0.90% Added +167.7k +167,695
99 STIFEL FINANCIAL CORP 0.22% of their portfolio ST. LOUIS, MO 738,795738.8k $237.0m $237.0m 0.22% Added +4.2k +4,236
100 Apella Capital, LLC 3.80% of their portfolio WEST HARTFORD, CT 730,033730.0k $255.9m $255.9m 3.80% Added +41.2k +41,202