DaveManuel.com · Institutional Ownership · Who Owns It
VANGUARD TAX-MANAGED FDS (VEA)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
3,025
Reporting holders
$172.3B
Reported value
0.0%
Calls
0.0%
Puts
+102
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/ | $14.4B | 201,617,733 | 0.93% | 31q | +1.5%+$209.6M |
| Betterment LLC | $9.9B | 138,727,174 | 16.72% | 31q | +0.6%+$56.7M |
| Creative Planning | $8.3B | 116,981,979 | 4.87% | 31q | -2.9%-$244.8M |
| ENVESTNET ASSET MANAGEMENT INC | $6.3B | 88,111,242 | 1.48% | 31q | +2.4%+$145.3M |
| MORGAN STANLEY | $5.2B | 73,490,701 | 0.28% | 35q | -13.2%-$792.9M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $4.8B | 66,823,471 | 2.54% | 31q | +4.2%+$190.6M |
| Wealthfront Advisers LLC | $4.1B | 58,220,511 | 7.97% | 31q | +0.9%+$38.0M |
| WELLS FARGO & COMPANY/MN | $4.1B | 57,998,723 | 0.67% | 31q | -5.5%-$241.6M |
| JONES FINANCIAL COMPANIES LLLP | $4.0B | 56,820,243 | 1.61% | 31q | +3.3%+$128.6M |
| NORTHERN TRUST CORP | $3.8B | 53,763,923 | 0.45% | 31q | HELD |
| WealthNavi Inc. | $3.5B | 49,483,539 | 27.62% | 30q | HELD |
| ROYAL BANK OF CANADA | $3.3B | 46,391,963 | 0.49% | 31q | -1.9%-$65.7M |
| Mariner, LLC | $2.6B | 37,068,072 | 2.77% | 31q | +4.2%+$106.9M |
| MERCER GLOBAL ADVISORS INC /ADV | $2.6B | 36,559,773 | 3.22% | 30q | +2.3%+$58.5M |
| GOLDMAN SACHS GROUP INC | $2.3B | 31,653,334 | 0.20% | 31q | +17.6%+$338.1M |
| UBS Group AG | $2.2B | 30,895,904 | 0.28% | 31q | +0.8%+$16.4M |
| CAPTRUST FINANCIAL ADVISORS | $2.2B | 30,587,929 | 3.33% | 31q | -5.4%-$124.1M |
| Corient Private Wealth LP | $2.1B | 29,867,238 | 2.95% | 15q | -10.5%-$249.8M |
| LPL Financial LLC | $2.0B | 28,400,304 | 0.45% | 31q | +2.2%+$43.1M |
| SEI INVESTMENTS CO | $1.8B | 24,855,847 | 1.56% | 31q | +0.5%+$8.8M |
| Baird Financial Group, Inc. | $1.6B | 22,461,369 | 2.20% | 31q | +4.5%+$69.6M |
| Cerity Partners LLC | $1.5B | 21,440,111 | 1.85% | 31q | +5.0%+$72.5M |
| Vanguard Global Advisers, LLC | $1.5B | 21,202,907 | 0.70% | 2q | +1.1%+$15.8M |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC | $1.4B | 20,266,641 | 4.97% | 2q | +1.4%+$20.6M |
| COMMONWEALTH EQUITY SERVICES, LLC | $1.2B | 16,668,145 | 1.49% | 31q | -0.6%-$7.4M |
| RAYMOND JAMES FINANCIAL INC | $1.2B | 16,278,745 | 0.31% | 7q | +3.8%+$42.2M |
| Jasper Ridge Partners, L.P. | $1.1B | 15,979,954 | 24.28% | 31q | -24.4%-$366.8M |
| JPMORGAN CHASE & CO | $1.1B | 15,957,899 | 0.06% | 31q | +2.0%+$22.1M |
| AMERIPRISE FINANCIAL INC | $1.1B | 15,745,161 | 0.23% | 31q | +10.4%+$106.1M |
| Wealthspire Advisors, LLC | $1.1B | 15,662,182 | 6.14% | 31q | +7.5%+$78.3M |
| Facet Wealth, Inc. | $1.1B | 15,511,173 | 15.84% | 23q | +11.2%+$111.0M |
| FMR LLC | $1.1B | 15,510,513 | 0.05% | 31q | HELD |
| RWA WEALTH PARTNERS, LLC | $1.1B | 15,098,458 | 10.30% | 31q | +3.3%+$34.6M |
| Nicholas Hoffman & Company, LLC. | $926.3M | 13,000,607 | 19.55% | 31q | +1.0%+$9.0M |
| Bank of New York Mellon Corp | $919.7M | 12,907,577 | 0.15% | 31q | -2.0%-$19.2M |
| Valmark Advisers, Inc. | $864.0M | 12,125,742 | 9.17% | 31q | HELD |
| Focus Partners Wealth | $849.2M | 11,918,550 | 0.87% | 11q | +43.8%+$258.7M |
| HighTower Advisors, LLC | $828.8M | 11,632,063 | 0.80% | 22q | HELD |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | $787.6M | 11,054,365 | 10.35% | 15q | +1.7%+$13.2M |
| MONETA GROUP INVESTMENT ADVISORS LLC | $780.8M | 10,957,948 | 5.78% | 31q | HELD |
| US BANCORP \DE\ | $741.8M | 10,411,578 | 0.81% | 31q | -9.7%-$79.7M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $730.1M | 10,246,137 | 0.57% | 31q | +3.4%+$24.2M |
| Fisher Asset Management, LLC | $680.5M | 9,551,551 | 0.20% | 31q | HELD |
| CAMBRIDGE ASSOCIATES LLC /MA/ /ADV | $672.0M | 9,431,210 | 9.70% | 31q | HELD |
| MML INVESTORS SERVICES, LLC | $652.0M | 9,151,096 | 1.33% | 31q | +20.4%+$110.5M |
| SCS Capital Management LLC | $648.9M | 9,107,726 | 6.13% | 31q | -2.1%-$14.0M |
| REGIONS FINANCIAL CORP | $643.4M | 9,030,217 | 3.84% | 31q | +11.0%+$63.7M |
| PNC Financial Services Group, Inc. | $628.2M | 8,817,419 | 0.31% | 31q | +9.1%+$52.2M |
| STIFEL FINANCIAL CORP | $597.2M | 8,382,284 | 0.50% | 31q | +3.7%+$21.5M |
| CIBC Bancorp USA Inc. | $593.0M | 8,337,316 | 0.72% | 2q | +23.1%+$111.3M |
| Cetera Investment Advisers | $580.7M | 8,149,716 | 0.53% | 31q | +5.0%+$27.6M |
| Cambridge Investment Research Advisors, Inc. | $572.0M | 8,027,866 | 0.65% | 31q | +131.9%+$325.3M |
| HBK Sorce Advisory LLC | $570.6M | 7,886,050 | 10.82% | 31q | +0.8%+$4.7M |
| Savant Capital, LLC | $559.9M | 8,233,142 | 1.64% | 31q | +116.1%+$300.8M |
| COUNTRY TRUST BANK | $541.4M | 7,598,857 | 9.48% | 31q | +2.7%+$14.3M |
| HUNTINGTON NATIONAL BANK | $529.1M | 7,426,228 | 2.57% | 31q | +1.1%+$6.0M |
| MAI Capital Management | $501.8M | 7,043,460 | 1.89% | 31q | +52.3%+$172.4M |
| WIT, LLC | $479.3M | 6,727,096 | 7.66% | 23q | -1.8%-$8.6M |
| JMG Financial Group, Ltd. | $445.6M | 6,253,672 | 10.76% | 31q | HELD |
| KEYBANK NATIONAL ASSOCIATION/OH | $441.0M | 6,188,985 | 1.45% | 31q | -1.1%-$4.7M |
| OSAIC HOLDINGS, INC. | $422.3M | 5,925,426 | 0.50% | 26q | +19.1%+$67.7M |
| ASSETMARK, INC | $409.5M | 5,747,711 | 0.70% | 31q | +8.4%+$31.8M |
| M&T Bank Corp | $400.3M | 5,618,163 | 1.17% | 31q | -0.9%-$3.7M |
| Pathstone Holdings, LLC | $390.9M | 5,486,055 | 1.14% | 11q | +2.8%+$10.5M |
| ALLIANCEBERNSTEIN L.P. | $386.8M | 6,036,446 | 0.13% | 31q | +2.5%+$9.3M |
| Modera Wealth Management, LLC | $374.6M | 5,257,397 | 4.00% | 31q | -1.7%-$6.3M |
| Wedmont Private Capital | $374.3M | 5,272,522 | 10.27% | 19q | +11.2%+$37.7M |
| FIFTH THIRD BANCORP | $362.6M | 5,088,641 | 0.59% | 31q | HELD |
| Beacon Pointe Advisors, LLC | $361.0M | 5,066,216 | 1.68% | 31q | +1.9%+$6.9M |
| Ballentine Partners, LLC | $357.3M | 5,015,310 | 4.37% | 31q | HELD |
| VOYA INVESTMENT MANAGEMENT LLC | $350.8M | 4,923,744 | 0.30% | 21q | HELD |
| Rockefeller Capital Management L.P. | $347.1M | 4,871,595 | 0.53% | 31q | +2.3%+$7.8M |
| WESTWOOD HOLDINGS GROUP INC | $344.7M | 4,837,702 | 2.60% | 31q | HELD |
| Fiduciary Trust Co | $338.9M | 4,756,065 | 3.69% | 31q | HELD |
| VANTAGEPOINT INVESTMENT ADVISERS LLC | $328.4M | 4,609,141 | 2.46% | 4q | -3.2%-$11.0M |
| Ally Invest Advisors Inc. | $325.3M | 4,566,227 | 19.64% | 31q | HELD |
| BlackRock, Inc. | $317.8M | 4,460,771 | 0.00% | 8q | +9.7%+$28.1M |
| BRIDGES INVESTMENT MANAGEMENT INC | $317.3M | 4,453,914 | 3.86% | 31q | +0.5%+$1.7M |
| VANGUARD ADVISERS INC | $311.6M | 4,372,783 | 1.06% | 2q | +9.6%+$27.3M |
| NEPC LLC | $306.3M | 4,298,995 | 5.72% | 25q | -4.2%-$13.4M |
| BLAIR WILLIAM & CO/IL | $305.7M | 4,291,023 | 0.80% | 31q | +11.1%+$30.6M |
| TRUIST FINANCIAL CORP | $301.7M | 4,234,171 | 0.36% | 31q | +3.0%+$8.8M |
| TFO Wealth Partners, LLC | $301.6M | 4,233,276 | 32.81% | 6q | -1.4%-$4.3M |
| Pinnacle Financial Partners, Inc. | $290.8M | 4,082,103 | 1.98% | 3q | +3.1%+$8.9M |
| Wilmington Savings Fund Society, FSB | $285.0M | 3,999,723 | 6.36% | 35q | -2.5%-$7.3M |
| State of Tennessee, Department of Treasury | $283.5M | 3,979,237 | 0.84% | 31q | -5.8%-$17.4M |
| FARMERS & MERCHANTS INVESTMENTS INC | $267.6M | 3,755,844 | 6.48% | 31q | +2.9%+$7.6M |
| Linscomb Wealth, Inc. | $265.7M | 3,728,468 | 11.51% | 31q | -4.3%-$12.0M |
| Janney Montgomery Scott LLC | $255.4M | 3,583,905 | 0.49% | 31q | +3.6%+$8.8M |
| BLB&B Advisors, LLC | $254.8M | 3,576,217 | 9.33% | 31q | +1.8%+$4.5M |
| TD Waterhouse Canada Inc. | $253.8M | 3,603,602 | 0.67% | 19q | +7.2%+$17.0M |
| D.A. DAVIDSON & CO. | $251.5M | 3,530,275 | 1.39% | 31q | -1.2%-$3.0M |
| Farther Finance Advisors, LLC | $250.5M | 3,516,435 | 1.96% | 15q | +9.2%+$21.2M |
| Johnson Financial Group, LLC | $240.8M | 3,379,862 | 12.97% | 31q | -7.5%-$19.6M |
| COLDSTREAM CAPITAL MANAGEMENT INC | $230.5M | 3,235,751 | 2.89% | 21q | +25.9%+$47.4M |
| VICTORY CAPITAL MANAGEMENT INC | $227.4M | 3,191,494 | 0.13% | 31q | -6.4%-$15.6M |
| Truepoint, Inc. | $227.2M | 3,188,877 | 4.74% | 31q | -7.7%-$19.0M |
| BANK OF MONTREAL /CAN/ | $220.7M | 3,097,927 | 0.07% | 31q | -34.4%-$115.6M |
| Tanglewood Wealth Management, Inc. | $210.5M | 2,953,730 | 17.90% | 19q | +1.4%+$2.9M |
| Freestone Capital Holdings, LLC | $208.5M | 2,926,097 | 5.41% | 31q | -0.8%-$1.6M |
Showing the largest 100 of 3,025 reported holders.
Q2 2026 in brief
In Q2 2026, 3,025 managers that file Form 13F reported holding Vanguard Tax-Managed Fds (VEA), $172.3B in all. 217 managers opened a position and 115 sold out completely, against 2,923 holders the quarter before. Largest holders: Bank Of America Corp /De/, Betterment Llc and Creative Planning. Largest new positions: J.W. Cole Advisors, Inc. ($50.1M), Brandes Investment Partners, Lp ($46.4M) and Caprock Group, Llc ($40.7M).
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 | 1,409 | $22.8B | 322,695,252 | 62 | 579 | 376 | 0.0% |
| Q2 2026 | 3,025 | $172.3B | 2,418,808,480 | 170 | 1,287 | 880 | 0.0% |
| Q1 2026 | 2,923 | $153.8B | 2,400,328,023 | 171 | 1,263 | 880 | 0.1% |
| Q4 2025 | 2,843 | $149.6B | 2,400,154,371 | 136 | 1,266 | 695 | 0.0% |
| Q3 2025 | 2,580 | $136.9B | 2,284,253,111 | 116 | 1,113 | 693 | 0.0% |
| Q2 2025 | 2,557 | $128.6B | 2,257,674,876 | 167 | 1,094 | 799 | 0.0% |
| Q1 2025 | 2,479 | $111.2B | 2,186,373,890 | 161 | 1,009 | 827 | 0.0% |
| Q4 2024 | 2,415 | $121.2B | 2,530,758,170 | 101 | 1,113 | 593 | 0.0% |
| Q3 2024 | 2,214 | $110.0B | 2,087,115,873 | 119 | 895 | 688 | 0.0% |
| Q2 2024 | 2,165 | $103.8B | 2,104,327,038 | 102 | 963 | 673 | 0.0% |
| Q1 2024 | 2,162 | $108.6B | 2,164,866,738 | 113 | 951 | 680 | 0.0% |
| Q4 2023 | 2,135 | $92.5B | 1,935,474,006 | 120 | 832 | 666 | 0.0% |
| Q3 2023 | 1,941 | $100.1B | 2,287,772,102 | 79 | 891 | 573 | 0.0% |
| Q2 2023 | 1,939 | $87.5B | 1,898,410,129 | 90 | 831 | 624 | 0.0% |
| Q1 2023 | 1,887 | $85.7B | 1,915,365,094 | 111 | 759 | 628 | 0.0% |
| Q4 2022 | 1,858 | $84.1B | 1,998,615,345 | 142 | 675 | 679 | 0.0% |
| Q3 2022 | 1,710 | $303.0B | 8,318,945,737 | 78 | 750 | 592 | 0.0% |
| Q2 2022 | 1,758 | $360.0B | 8,820,368,028 | 86 | 807 | 587 | 0.0% |
| Q1 2022 | 1,818 | $419.3B | 8,729,115,179 | 88 | 865 | 529 | 0.0% |
| Q4 2021 | 1,813 | $362.4B | 7,100,172,958 | 104 | 862 | 357 | 0.0% |
| Q3 2021 | 1,565 | $329.1B | 6,520,310,228 | 69 | 761 | 388 | 0.0% |
| Q2 2021 | 1,555 | $297.3B | 5,783,894,331 | 84 | 757 | 393 | 0.0% |
| Q1 2021 | 1,513 | $241.8B | 4,924,103,276 | 92 | 672 | 435 | 0.0% |
| Q4 2020 | 1,467 | $290.6B | 6,154,290,968 | 97 | 565 | 429 | 0.0% |
| Q3 2020 | 1,298 | $231.8B | 5,667,609,884 | 83 | 491 | 463 | 0.0% |
| Q2 2020 | 1,259 | $147.7B | 3,809,065,583 | 81 | 409 | 590 | 0.0% |
| Q1 2020 | 1,253 | $141.1B | 4,245,744,748 | 83 | 458 | 553 | 0.0% |
| Q4 2019 | 1,351 | $168.8B | 3,831,123,990 | 71 | 498 | 383 | 0.0% |
| Q3 2019 | 1,191 | $142.4B | 3,449,122,150 | 43 | 453 | 434 | 0.0% |
| Q2 2019 | 1,195 | $147.0B | 3,529,979,089 | 65 | 488 | 408 | 0.0% |
| Q1 2019 | 1,189 | $168.8B | 4,128,504,521 | 86 | 428 | 449 | 0.0% |
| Q4 2018 | 1,151 | $129.2B | 3,476,332,208 | 9 | 21 | 29 | 0.0% |