% of shares outstanding is not shown for VAW: this is a fund line, and we hold no cover-page share count for it at any quarter — a fund's shares outstanding move with creations and redemptions rather than with issuance and buybacks, and it is not the SEC cover-page count this percentage is defined against. The figure is withheld rather than computed against a count that does not exist. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for VAW in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| Beacon Capital Management, Inc. | 562K | 28K | 461K | 549K | 494K | 454K | $102M |
| BANK OF AMERICA CORP /DE/ | 1.5M | 1.4M | 1.4M | 1.4M | 1.4M | 418K | $94M |
| Empower Advisory Group, LLC | 318K | 341K | 349K | 348K | 387K | 344K | $77M |
| LPL Financial LLC | 163K | 176K | 223K | 288K | 296K | 309K | $70M |
| MORGAN STANLEY | 293K | 293K | 289K | 296K | 241K | 259K | $58M |
| ENVESTNET ASSET MANAGEMENT INC | 288K | 296K | 221K | 273K | 241K | 235K | $53M |
| WELLS FARGO & COMPANY/MN | 270K | 255K | 256K | 248K | 240K | 227K | $51M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 286K | 279K | 285K | 262K | 249K | 225K | $51M |
| RAYMOND JAMES FINANCIAL INC | 66K | 102K | 119K | 162K | 167K | 172K | $39M |
| PGIM Custom Harvest LLC | 132K | 152K | 141K | 147K | 163K | 170K | $38M |
| UBS Group AG | 120K | 113K | 113K | 112K | 109K | 123K | $28M |
| Ameritas Advisory Services, LLC | 6K | 6K | 6K | 1K | 107K | 100K | $23M |
| AMERIPRISE FINANCIAL INC | 109K | 99K | 83K | 84K | 98K | 90K | $20M |
| Cetera Investment Advisers | 86K | 91K | 90K | 116K | 122K | 89K | $20M |
| Lido Advisors, LLC | 43K | 45K | 46K | 71K | 69K | 73K | $16M |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| Nan Shan Life Insurance Co., Ltd. | +38,836 | $9M | OPEN |
| Banco Santander, S.A. | +26,073 | $6M | ADD |
| MORGAN STANLEY | +18,708 | $4M | ADD |
| KINGSWOOD WEALTH ADVISORS, LLC | +17,056 | $4M | OPEN |
| UBS Group AG | +14,759 | $3M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | −986,874 | $222M | TRIM |
| Corient Private Wealth LLC | −70,351 | $16M | TRIM |
| Polianta Ltd | −44,400 | $10M | CLOSE |
| Empower Advisory Group, LLC | −43,377 | $10M | TRIM |
| Beacon Capital Management, Inc. | −39,360 | $9M | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| Quarter | Holders | Shares held | % shares out | Value held |
|---|---|---|---|---|
| 2026-Q1 | 404 | 5,417,988 | — | $1.2B |
| 2025-Q4 | 402 | 6,533,841 | — | $1.4B |
| 2025-Q3 | 371 | 6,513,260 | — | $1.3B |
| 2025-Q2 | 366 | 6,168,536 | — | $1.2B |
| 2025-Q1 | 375 | 5,714,457 | — | $1.1B |
| 2024-Q4 | 382 | 6,416,989 | — | $1.2B |
| 2024-Q3 | 376 | 6,727,219 | — | $1.4B |
| 2024-Q2 | 358 | 7,121,432 | — | $1.4B |
| 2024-Q1 | 352 | 7,336,320 | — | $1.5B |
| 2023-Q4 | 357 | 6,399,324 | — | $1.2B |
| 2023-Q3 | 340 | 7,945,324 | — | $1.4B |
| 2023-Q2 | 343 | 6,598,880 | — | $1.2B |
| 2023-Q1 | 340 | 7,386,418 | — | $1.3B |
| 2022-Q4 | 353 | 7,079,069 | — | $1.2B |
| 2022-Q3 | 324 | 7,002,969 | — | $1.0B |
| 2022-Q2 | 344 | 8,608,643 | — | $1.4B |
| 2022-Q1 | 364 | 11,783,241 | — | $2.2B |
| 2021-Q4 | 360 | 11,316,207 | — | $2.2B |
| 2021-Q3 | 305 | 11,214,171 | — | $1.9B |
| 2021-Q2 | 314 | 9,237,406 | — | $1.6B |
| 2021-Q1 | 285 | 8,867,899 | — | $1.5B |
| 2020-Q4 | 255 | 7,410,071 | — | $1.2B |
| 2020-Q3 | 218 | 6,197,688 | — | $835M |
| 2020-Q2 | 207 | 7,849,582 | — | $949M |
| 2020-Q1 | 207 | 6,706,945 | — | $646M |
| 2019-Q4 | 244 | 7,598,128 | — | $1.0B |
| 2019-Q3 | 215 | 7,550,820 | — | $954M |
| 2019-Q2 | 215 | 7,978,518 | — | $1.0B |
| 2019-Q1 | 211 | 8,866,803 | — | $1.1B |
| 2018-Q4 | 203 | 9,910,112 | — | $1.1B |
| 2018-Q3 | 205 | 12,094,203 | — | $1.6B |
| 2018-Q2 | 211 | 11,981,701 | — | $1.5B |
| 2018-Q1 | 213 | 11,193,678 | — | $1.4B |
| 2017-Q4 | 200 | 7,758,619 | — | $1.1B |
| 2017-Q3 | 168 | 7,316,662 | — | $941M |
| 2017-Q2 | 151 | 6,152,726 | — | $748M |
| 2017-Q1 | 148 | 7,865,095 | — | $935M |
| 2016-Q4 | 135 | 6,408,178 | — | $721M |
| 2016-Q3 | 122 | 6,345,170 | — | $678M |
| 2016-Q2 | 123 | 5,161,254 | — | $527M |
| 2016-Q1 | 120 | 4,726,198 | — | $464M |
| 2015-Q4 | 116 | 4,269,583 | — | $400M |
| 2015-Q3 | 107 | 4,078,741 | — | $358M |
| 2015-Q2 | 106 | 5,058,373 | — | $544M |
| 2015-Q1 | 109 | 4,725,318 | — | $513M |
| 2014-Q4 | 110 | 4,756,354 | — | $511M |
| 2014-Q3 | 105 | 5,464,103 | — | $602M |
| 2014-Q2 | 99 | 4,444,858 | — | $497M |
| 2014-Q1 | 97 | 4,294,423 | — | $455M |
| 2013-Q4 | 92 | 2,919,008 | — | $301M |
| 2013-Q3 | 79 | 2,458,828 | — | $234M |
| 2013-Q2 | 67 | 2,389,116 | — | $207M |
| 2013-Q1 | 4 | 20,314 | — | $2M |
