% of shares outstanding is not shown for VPL: 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 VPL 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 |
|---|---|---|---|---|---|---|---|
| MATHER GROUP, LLC. | 4.5M | 4.9M | 5.9M | 6.0M | 6.0M | 5.9M | $579M |
| MORGAN STANLEY | 2.3M | 2.3M | 2.4M | 2.3M | 2.0M | 5.0M | $489M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | 1.6M | $154M |
| Elm Partners Management LLC | 746K | 706K | 1.0M | 1.1M | 1.2M | 1.2M | $116M |
| BANK OF AMERICA CORP /DE/ | 5.5M | 5.9M | 2.7M | 2.7M | 2.7M | 1.1M | $105M |
| FLOW TRADERS U.S. LLC | — | 174K | 2.2M | — | 1.5M | 1.1M | $104M |
| HighTower Advisors, LLC | 986K | 1.0M | 998K | 1.0M | 1.1M | 1.0M | $98M |
| GenTrust, LLC | 1.1M | 1.1M | 973K | 892K | 925K | 933K | $91M |
| UBS Group AG | 899K | 897K | 889K | 886K | 877K | 914K | $89M |
| Janney Montgomery Scott LLC | 4.1M | 4.0M | 2.0M | 1.9M | 1.8M | 801K | $78M |
| Nearwater Capital Markets, Ltd | — | — | — | — | — | 788K | $77M |
| LINCOLN NATIONAL CORP | 1.3M | 1.3M | 841K | 820K | 838K | 774K | $76M |
| Haverford Trust Co | 965K | 900K | 870K | 836K | 803K | 763K | $75M |
| STATE STREET CORP | 115K | 888K | — | — | 736K | 704K | $69M |
| WELLS FARGO & COMPANY/MN | 523K | 496K | 522K | 537K | 644K | 683K | $67M |
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 | |
|---|---|---|---|
| MORGAN STANLEY | +3,011,183 | $294M | ADD |
| Nearwater Capital Markets, Ltd | +787,900 | $77M | OPEN |
| Willis Johnson & Associates, Inc. | +618,045 | $60M | OPEN |
| Chicago Wealth Management, Inc. | +112,084 | $11M | OPEN |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | +104,690 | $10M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| BANK OF AMERICA CORP /DE/ | −1,611,037 | $157M | TRIM |
| JANE STREET GROUP, LLC | −1,491,164 | $146M | TRIM |
| ENVESTNET ASSET MANAGEMENT INC | −1,209,144 | $118M | TRIM |
| WestEnd Advisors, LLC | −1,208,382 | $118M | TRIM |
| RAYMOND JAMES FINANCIAL INC | −1,143,526 | $112M | 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 | 425 | 40,092,415 | — | $3.9B |
| 2025-Q4 | 411 | 46,710,021 | — | $4.2B |
| 2025-Q3 | 380 | 46,367,887 | — | $4.0B |
| 2025-Q2 | 380 | 50,110,915 | — | $4.1B |
| 2025-Q1 | 358 | 57,837,640 | — | $4.2B |
| 2024-Q4 | 356 | 56,221,044 | — | $4.0B |
| 2024-Q3 | 352 | 56,811,791 | — | $4.4B |
| 2024-Q2 | 354 | 55,561,942 | — | $4.1B |
| 2024-Q1 | 342 | 62,367,391 | — | $4.7B |
| 2023-Q4 | 349 | 70,040,282 | — | $4.6B |
| 2023-Q3 | 320 | 58,711,221 | — | $3.9B |
| 2023-Q2 | 318 | 55,861,521 | — | $3.9B |
| 2023-Q1 | 315 | 51,617,768 | — | $3.5B |
| 2022-Q4 | 327 | 58,682,853 | — | $3.8B |
| 2022-Q3 | 298 | 57,511,926 | — | $3.3B |
| 2022-Q2 | 289 | 48,521,040 | — | $3.1B |
| 2022-Q1 | 306 | 41,628,890 | — | $3.1B |
| 2021-Q4 | 310 | 42,832,961 | — | $3.3B |
| 2021-Q3 | 290 | 34,209,617 | — | $2.8B |
| 2021-Q2 | 287 | 33,797,028 | — | $2.8B |
| 2021-Q1 | 291 | 33,328,444 | — | $2.7B |
| 2020-Q4 | 276 | 27,989,484 | — | $2.2B |
| 2020-Q3 | 231 | 24,931,564 | — | $1.7B |
| 2020-Q2 | 228 | 23,610,873 | — | $1.5B |
| 2020-Q1 | 236 | 24,852,760 | — | $1.4B |
| 2019-Q4 | 257 | 25,804,799 | — | $1.8B |
| 2019-Q3 | 233 | 24,578,357 | — | $1.6B |
| 2019-Q2 | 250 | 27,137,272 | — | $1.8B |
| 2019-Q1 | 271 | 30,920,544 | — | $2.0B |
| 2018-Q4 | 258 | 32,375,334 | — | $2.0B |
| 2018-Q3 | 248 | 30,600,739 | — | $2.2B |
| 2018-Q2 | 252 | 33,766,115 | — | $2.4B |
| 2018-Q1 | 260 | 34,082,254 | — | $2.5B |
| 2017-Q4 | 245 | 36,279,109 | — | $2.6B |
| 2017-Q3 | 213 | 32,571,384 | — | $2.2B |
| 2017-Q2 | 203 | 28,079,763 | — | $1.8B |
| 2017-Q1 | 191 | 26,759,690 | — | $1.7B |
| 2016-Q4 | 182 | 23,392,570 | — | $1.4B |
| 2016-Q3 | 176 | 18,299,068 | — | $1.1B |
| 2016-Q2 | 166 | 18,130,009 | — | $1.0B |
| 2016-Q1 | 169 | 20,825,801 | — | $1.2B |
| 2015-Q4 | 166 | 27,012,035 | — | $1.5B |
| 2015-Q3 | 155 | 15,821,437 | — | $849M |
| 2015-Q2 | 165 | 27,000,416 | — | $1.7B |
| 2015-Q1 | 148 | 27,437,433 | — | $1.7B |
| 2014-Q4 | 141 | 24,236,250 | — | $1.4B |
| 2014-Q3 | 145 | 23,195,144 | — | $1.4B |
| 2014-Q2 | 140 | 22,879,223 | — | $1.4B |
| 2014-Q1 | 135 | 22,624,073 | — | $1.3B |
| 2013-Q4 | 127 | 23,777,941 | — | $1.5B |
| 2013-Q3 | 126 | 20,212,656 | — | $1.2B |
| 2013-Q2 | 119 | 18,737,064 | — | $1.0B |
| 2013-Q1 | 7 | 114,043 | — | $7M |
