DaveManuel.com · Institutional Ownership · Who Owns It
VANGUARD INDEX FDS (VBR)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
1,776
Reporting holders
$20.9B
Reported value
0.1%
Calls
0.0%
Puts
+54
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | $3.3B | 13,679,532 | 0.21% | 31q | +2.1%+$67.7M |
| ASSETMARK, INC | $1.2B | 4,872,925 | 2.04% | 31q | +19.5%+$192.9M |
| MORGAN STANLEY | $938.8M | 3,863,641 | 0.05% | 35q | +1.2%+$11.4M |
| Betterment LLC | $683.5M | 2,812,964 | 1.16% | 31q | -3.6%-$25.3M |
| ASPIRIANT, LLC | $424.2M | 1,745,538 | 10.47% | 31q | HELD |
| WELLS FARGO & COMPANY/MN | $407.3M | 1,676,389 | 0.07% | 31q | -0.8%-$3.3M |
| ENVESTNET ASSET MANAGEMENT INC | $387.2M | 1,593,329 | 0.09% | 31q | -1.2%-$4.8M |
| LPL Financial LLC | $375.2M | 1,544,049 | 0.08% | 31q | +4.2%+$15.3M |
| SEI INVESTMENTS CO | $368.2M | 1,515,431 | 0.32% | 31q | +1.9%+$7.0M |
| UBS Group AG | $356.4M | 1,466,671 | 0.05% | 31q | -0.7%-$2.4M |
| CAPTRUST FINANCIAL ADVISORS | $314.5M | 1,294,112 | 0.48% | 31q | HELD |
| Cetera Investment Advisers | $292.0M | 1,201,689 | 0.27% | 31q | +3.2%+$9.0M |
| JONES FINANCIAL COMPANIES LLLP | $251.3M | 1,035,273 | 0.10% | 31q | +5.2%+$12.3M |
| RAYMOND JAMES FINANCIAL INC | $249.2M | 1,025,471 | 0.07% | 7q | HELD |
| OSAIC HOLDINGS, INC. | $207.8M | 854,208 | 0.24% | 26q | +5.6%+$10.9M |
| PNC Financial Services Group, Inc. | $205.2M | 844,489 | 0.10% | 31q | HELD |
| Focus Partners Wealth | $202.5M | 833,299 | 0.21% | 11q | HELD |
| CHOREO, LLC | $198.1M | 815,364 | 2.17% | 50q | -0.8%-$1.6M |
| Savant Capital, LLC | $187.8M | 794,000 | 0.55% | 31q | +185.6%+$122.1M |
| HighTower Advisors, LLC | $184.9M | 761,123 | 0.18% | 22q | -1.3%-$2.4M |
| JPMORGAN CHASE & CO | $170.6M | 702,244 | 0.01% | 31q | -6.7%-$12.2M |
| AMERIPRISE FINANCIAL INC | $164.1M | 675,077 | 0.03% | 31q | HELD |
| Allworth Financial LP | $160.0M | 658,265 | 0.68% | 31q | -19.5%-$38.7M |
| Pathstone Holdings, LLC | $155.3M | 639,128 | 0.45% | 11q | +306.7%+$117.1M |
| MATHER GROUP, LLC. | $152.2M | 626,525 | 1.33% | 31q | HELD |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC | $150.1M | 617,562 | 0.52% | 2q | -5.4%-$8.5M |
| COMMONWEALTH EQUITY SERVICES, LLC | $133.9M | 550,938 | 0.17% | 31q | -2.2%-$3.0M |
| PARK AVENUE SECURITIES LLC | $130.9M | 538,661 | 0.82% | 2q | +4.1%+$5.1M |
| RWA WEALTH PARTNERS, LLC | $130.1M | 535,469 | 1.25% | 16q | +2.4%+$3.1M |
| MONETA GROUP INVESTMENT ADVISORS LLC | $123.7M | 509,083 | 0.92% | 31q | +2.8%+$3.3M |
| ROYAL BANK OF CANADA | $117.9M | 485,216 | 0.02% | 31q | +0.6%+$655.8K |
| Mariner, LLC | $115.3M | 474,531 | 0.12% | 31q | HELD |
| Rockefeller Capital Management L.P. | $113.8M | 468,410 | 0.17% | 31q | +0.9%+$1.0M |
| STEPHENS GROUP ASSET MANAGEMENT, LLC | $112.5M | 463,142 | 6.36% | 27q | HELD |
| Retirement Investment Advisors, Inc. | $96.3M | 398,418 | 6.87% | 14q | +1.1%+$1.1M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $93.8M | 385,819 | 0.05% | 31q | +1.6%+$1.5M |
| BANK OF MONTREAL /CAN/ | $93.1M | 382,947 | 0.03% | 31q | +2.4%+$2.2M |
| Retirement Systems of Alabama | $92.9M | 382,480 | 0.28% | 24q | HELD |
| JMG Financial Group, Ltd. | $92.3M | 379,798 | 2.23% | 17q | -3.2%-$3.0M |
| STIFEL FINANCIAL CORP | $89.3M | 367,336 | 0.07% | 31q | -1.0%-$944.8K |
| Cambridge Investment Research Advisors, Inc. | $85.9M | 353,618 | 0.10% | 31q | +101.1%+$43.2M |
| Creative Planning | $83.1M | 341,900 | 0.05% | 31q | +8.5%+$6.5M |
| Modera Wealth Management, LLC | $80.6M | 331,750 | 0.86% | 31q | -2.2%-$1.8M |
| Mokosak Advisory Group, LLC | $79.7M | 327,918 | 17.26% | 31q | +1.1%+$832.0K |
| Cresset Asset Management, LLC | $78.8M | 324,328 | 0.29% | 25q | +2.3%+$1.7M |
| Rodgers & Associates, LTD | $78.3M | 322,177 | 7.11% | 23q | +1.5%+$1.2M |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $76.8M | 317,453 | 0.13% | 22q | -2.2%-$1.7M |
| STEPHENS INC /AR/ | $73.6M | 302,916 | 0.82% | 31q | +10.7%+$7.1M |
| 1832 Asset Management L.P. | $72.3M | 297,518 | 0.04% | 18q | HELD |
| Bragg Financial Advisors, Inc | $70.6M | 290,690 | 1.89% | 31q | -1.9%-$1.4M |
| Mason Investment Advisory Services, Inc. | $68.6M | 282,251 | 2.61% | 30q | HELD |
| GOLDMAN SACHS GROUP INC | $63.5M | 261,253 | 0.01% | 31q | -1.0%-$649.0K |
| Financial Advisory Corp | $62.8M | 258,499 | 8.33% | 7q | -9.2%-$6.4M |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC | $62.7M | 258,163 | 0.35% | 31q | -4.9%-$3.2M |
| BAILARD, INC. | $62.6M | 257,473 | 1.27% | 31q | +1.5%+$920.7K |
| Everhart Financial Group, Inc. | $62.1M | 255,385 | 3.97% | 23q | +352.8%+$48.4M |
| Cerity Partners LLC | $60.4M | 248,766 | 0.07% | 23q | -7.0%-$4.5M |
| Discipline Wealth Solutions, LLC | $60.3M | 247,996 | 5.26% | 11q | +4.3%+$2.5M |
| WIT, LLC | $58.9M | 242,389 | 0.94% | 5q | -3.1%-$1.9M |
| THOMPSON SIEGEL & WALMSLEY LLC | $57.3M | 235,903 | 1.03% | 31q | -0.8%-$467.5K |
| Zhang Financial LLC | $54.9M | 226,097 | 1.60% | 58q | HELD |
| Summit Financial, LLC | $54.3M | 223,617 | 0.60% | 31q | +3.6%+$1.9M |
| Abacus Planning Group, Inc. | $53.8M | 221,445 | 6.65% | 29q | +4.2%+$2.2M |
| FIFTH THIRD BANCORP | $53.0M | 218,163 | 0.09% | 31q | -2.3%-$1.3M |
| Wealthspire Advisors, LLC | $52.8M | 217,250 | 0.29% | 23q | +5.8%+$2.9M |
| Corient Private Wealth LP | $51.2M | 210,635 | 0.07% | 15q | -38.0%-$31.4M |
| Opal Wealth Advisors, LLC | $48.5M | 199,493 | 10.47% | 15q | +0.7%+$341.4K |
| Beacon Pointe Advisors, LLC | $47.6M | 196,061 | 0.22% | 31q | +9.3%+$4.1M |
| Kestra Advisory Services, LLC | $46.9M | 192,874 | 0.15% | 24q | HELD |
| US BANCORP \DE\ | $45.7M | 187,984 | 0.05% | 31q | +6.7%+$2.9M |
| MML INVESTORS SERVICES, LLC | $45.5M | 187,080 | 0.09% | 31q | +7.5%+$3.2M |
| Foster Group, Inc. | $44.9M | 184,812 | 1.19% | 23q | -1.1%-$481.6K |
| Comprehensive Financial Management LLC | $44.8M | 184,376 | 1.47% | 25q | HELD |
| MERCER GLOBAL ADVISORS INC /ADV | $44.1M | 181,462 | 0.05% | 30q | HELD |
| Sanctuary Advisors, LLC | $42.5M | 174,818 | 0.20% | 9q | +3.3%+$1.3M |
| TRUIST FINANCIAL CORP | $41.4M | 170,343 | 0.05% | 31q | -31.4%-$18.9M |
| FMR LLC | $40.6M | 167,237 | 0.00% | 31q | +4.5%+$1.8M |
| Baird Financial Group, Inc. | $39.1M | 160,911 | 0.05% | 31q | +5.9%+$2.2M |
| NewEdge Advisors, LLC | $38.4M | 158,217 | 0.11% | 31q | +2.8%+$1.0M |
| Equitable Holdings, Inc. | $37.7M | 155,199 | 0.23% | 27q | +2.2%+$829.8K |
| Strategies Wealth Advisors, LLC | $37.1M | 152,687 | 3.32% | 18q | -12.7%-$5.4M |
| Asset Management Group, Inc. | $36.5M | 150,058 | 5.34% | 31q | -1.7%-$633.0K |
| Marotta Asset Management | $35.9M | 147,806 | 5.97% | 26q | HELD |
| WALLER FINANCIAL PLANNING GROUP, INC | $35.6M | 146,704 | 7.34% | 31q | -6.7%-$2.6M |
| Waldron Private Wealth LLC | $35.2M | 144,689 | 1.22% | 31q | -8.0%-$3.1M |
| Aaron Wealth Advisors LLC | $34.5M | 142,094 | 1.75% | 23q | -5.9%-$2.2M |
| Northwest Quadrant Wealth Management, LLC | $34.0M | 139,983 | 6.30% | 29q | +2.6%+$846.3K |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $33.9M | 139,326 | 0.00% | 12q | -2.3%-$800.4K |
| Grove Street Fiduciary, LLC | $32.8M | 134,962 | 13.85% | 3q | -2.0%-$660.9K |
| Verus Financial Partners, Inc. | $32.2M | 132,360 | 2.75% | 27q | -1.7%-$561.5K |
| 25 LLC | $31.9M | 131,378 | 8.74% | 14q | HELD |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | $31.9M | 131,099 | 0.46% | 31q | +2.0%+$633.2K |
| Grey Fox Wealth Advisors, LLC | $31.7M | 130,298 | 4.97% | 15q | +5.3%+$1.6M |
| Wealth Architects, LLC | $31.4M | 129,165 | 2.48% | 31q | -1.9%-$621.3K |
| Merit Financial Group, LLC | $30.9M | 127,220 | 0.19% | 23q | -10.0%-$3.4M |
| Brickley Wealth Management | $30.6M | 126,040 | 4.40% | 31q | +1.0%+$294.7K |
| &PARTNERS | $30.5M | 125,363 | 0.13% | 11q | +18.8%+$4.8M |
| BHK Investment Advisors, LLC | $30.3M | 124,520 | 9.04% | 31q | -0.6%-$193.4K |
| NATIXIS ADVISORS, LLC | $28.6M | 117,555 | 0.03% | 31q | -26.7%-$10.4M |
| McAdam, LLC | $28.2M | 116,187 | 1.09% | 25q | -13.0%-$4.2M |
Showing the largest 100 of 1,779 reported holders. The count of 1,776 above leaves out 3 positions whose reported value failed our price check; they are listed here as filed.
Q2 2026 in brief
In Q2 2026, 1,776 managers that file Form 13F reported holding Vanguard Index Fds (VBR), $20.9B in all. 135 managers opened a position and 81 sold out completely, against 1,722 holders the quarter before. Largest holders: Bank Of America Corp /De/, Assetmark, Inc and Morgan Stanley. Largest new positions: Diversify Advisory Services, Llc ($4.2M), J.W. Cole Advisors, Inc. ($4.2M) and Fiduciary Financial Advisors ($2.9M).
Q2 2026 is the latest quarter whose 13F deadline has passed. A 13F shows long US stock positions at quarter end, filed up to 45 days later; an adviser and a sub-adviser can both report the same shares.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 788 | $5.0B | 21,554,470 | 32 | 228 | 249 | 0.0% |
| Q2 2026 | 1,776 | $20.9B | 85,955,675 | 109 | 504 | 585 | 0.1% |
| Q1 2026 | 1,722 | $18.5B | 85,112,703 | 113 | 548 | 541 | 0.1% |
| Q4 2025 | 1,670 | $18.9B | 87,333,113 | 72 | 549 | 457 | 0.1% |
| Q3 2025 | 1,585 | $18.0B | 86,336,721 | 101 | 482 | 511 | 0.1% |
| Q2 2025 | 1,572 | $16.9B | 86,576,803 | 112 | 456 | 568 | 0.1% |
| Q1 2025 | 1,535 | $16.3B | 87,268,618 | 70 | 515 | 544 | 0.1% |
| Q4 2024 | 1,597 | $18.0B | 90,893,841 | 88 | 533 | 396 | 0.1% |
| Q3 2024 | 1,434 | $18.1B | 90,028,016 | 95 | 472 | 455 | 0.1% |
| Q2 2024 | 1,373 | $16.2B | 88,865,657 | 59 | 439 | 465 | 0.1% |
| Q1 2024 | 1,384 | $18.5B | 96,610,384 | 67 | 452 | 480 | 0.1% |
| Q4 2023 | 1,388 | $16.8B | 93,226,370 | 102 | 442 | 434 | 0.2% |
| Q3 2023 | 1,242 | $14.1B | 88,286,332 | 59 | 433 | 392 | 0.1% |
| Q2 2023 | 1,238 | $14.4B | 86,848,963 | 77 | 415 | 430 | 0.1% |
| Q1 2023 | 1,210 | $13.7B | 86,394,277 | 65 | 434 | 394 | 0.1% |
| Q4 2022 | 1,220 | $15.0B | 94,634,630 | 102 | 404 | 382 | 0.1% |
| Q3 2022 | 1,077 | $231.3B | 1,612,673,815 | 47 | 409 | 335 | 0.0% |
| Q2 2022 | 1,135 | $258.0B | 1,719,842,058 | 71 | 413 | 370 | 0.0% |
| Q1 2022 | 1,151 | $285.9B | 1,624,575,928 | 82 | 455 | 310 | 0.0% |
| Q4 2021 | 1,142 | $273.5B | 1,529,155,629 | 67 | 425 | 268 | 0.0% |
| Q3 2021 | 992 | $232.9B | 1,375,907,434 | 52 | 392 | 273 | 0.0% |
| Q2 2021 | 993 | $242.0B | 1,392,333,845 | 75 | 379 | 295 | 0.0% |
| Q1 2021 | 971 | $218.1B | 1,315,887,258 | 121 | 335 | 305 | 0.0% |
| Q4 2020 | 897 | $187.3B | 1,316,441,044 | 127 | 329 | 208 | 0.0% |
| Q3 2020 | 738 | $145.5B | 1,315,158,885 | 69 | 264 | 238 | 0.0% |
| Q2 2020 | 709 | $143.0B | 1,337,321,882 | 94 | 232 | 277 | 0.0% |
| Q1 2020 | 689 | $83.0B | 935,179,303 | 56 | 254 | 286 | 0.0% |
| Q4 2019 | 775 | $125.4B | 915,008,739 | 57 | 298 | 187 | 0.0% |
| Q3 2019 | 688 | $94.6B | 733,763,040 | 53 | 263 | 206 | 0.0% |
| Q2 2019 | 678 | $114.4B | 875,605,969 | 52 | 228 | 224 | 0.0% |
| Q1 2019 | 677 | $117.9B | 915,167,104 | 61 | 232 | 225 | 0.0% |
| Q4 2018 | 659 | $39.0B | 342,223,937 | 5 | 14 | 14 | 0.0% |