% of shares outstanding is not shown for VPMAX: 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 VPMAX in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | FIRST MERCHANTS CORP | 8,1998,199 | $1M | — | TRIM -3% |
| 2 | Fulton Bank, N.A. | 7,2497,249 | $1M | — | — |
| 3 | NORTHSTAR ASSET MANAGEMENT Co | 4,3784,378 | $787,238 | — | — |
| 4 | GREAT LAKES ADVISORS, LLC | 1,4581,458 | $262,098 | — | TRIM -27% |
| 5 | Coston, McIsaac & Partners | 384384 | $69,000 | — | TRIM -12% |
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 |
|---|---|---|---|---|---|---|---|
| FIRST MERCHANTS CORP | 19K | 19K | 17K | 17K | 8K | 8K | $1M |
| Fulton Bank, N.A. | 7K | 7K | 7K | 7K | 7K | 7K | $1M |
| NORTHSTAR ASSET MANAGEMENT Co | 4K | 4K | 4K | 4K | 4K | 4K | $787,238 |
| GREAT LAKES ADVISORS, LLC | — | 2K | 2K | 2K | 2K | 1K | $262,098 |
| Coston, McIsaac & Partners | 359 | 359 | 359 | 359 | 435 | 384 | $69,000 |
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 | |
|---|---|---|---|
| No filer increased its position this quarter. | |||
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Ethos Financial Group, LLC | −1,293 | $232,507 | CLOSE |
| Kohmann Bosshard Financial Services, LLC | −1,273 | $228,911 | CLOSE |
| GREAT LAKES ADVISORS, LLC | −540 | $97,103 | TRIM |
| FIRST MERCHANTS CORP | −291 | $52,328 | TRIM |
| Coston, McIsaac & Partners | −51 | $9,171 | 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 | 5 | 21,668 | — | $4M |
| 2025-Q4 | 7 | 25,116 | — | $5M |
| 2025-Q3 | 7 | 31,077 | — | $6M |
| 2025-Q2 | 5 | 30,504 | — | $5M |
| 2025-Q1 | 7 | 33,474 | — | $6M |
| 2024-Q4 | 5 | 32,098 | — | $5M |
| 2024-Q3 | 5 | 32,069 | — | $6M |
| 2024-Q2 | 8 | 45,051 | — | $8M |
| 2024-Q1 | 7 | 25,323 | — | $4M |
| 2023-Q4 | 6 | 20,557 | — | $3M |
| 2023-Q3 | 6 | 19,834 | — | $3M |
| 2023-Q2 | 4 | 13,567 | — | $2M |
| 2023-Q1 | 5 | 17,860 | — | $2M |
| 2022-Q4 | 5 | 19,995 | — | $3M |
| 2022-Q3 | 4 | 20,937 | — | $3M |
| 2022-Q2 | 6 | 27,853 | — | $4M |
| 2022-Q1 | 6 | 29,877 | — | $5M |
| 2021-Q4 | 6 | 31,453 | — | $5M |
| 2021-Q3 | 6 | 35,600 | — | $6M |
| 2021-Q2 | 7 | 38,947 | — | $7M |
| 2021-Q1 | 6 | 33,918 | — | $6M |
| 2020-Q4 | 6 | 34,067 | — | $5M |
| 2020-Q3 | 6 | 34,522 | — | $5M |
| 2020-Q2 | 6 | 36,320 | — | $5M |
| 2020-Q1 | 6 | 36,142 | — | $4M |
| 2019-Q4 | 6 | 37,507 | — | $5M |
| 2019-Q3 | 6 | 36,390 | — | $5M |
| 2019-Q2 | 4 | 22,947 | — | $3M |
| 2019-Q1 | 6 | 28,569 | — | $4M |
| 2018-Q4 | 5 | 26,447 | — | $3M |
| 2018-Q3 | 5 | 26,507 | — | $4M |
| 2018-Q2 | 5 | 26,761 | — | $4M |
| 2018-Q1 | 5 | 26,761 | — | $4M |
| 2017-Q4 | 6 | 28,633 | — | $4M |
| 2017-Q3 | 6 | 604,804 | — | $4M |
| 2017-Q2 | 6 | 28,030 | — | $3M |
| 2017-Q1 | 7 | 28,346 | — | $3M |
| 2016-Q4 | 5 | 27,452 | — | $3M |
| 2016-Q3 | 6 | 31,958 | — | $4M |
| 2016-Q2 | 7 | 36,088 | — | $4M |
| 2016-Q1 | 7 | 32,512 | — | $3M |
| 2015-Q4 | 7 | 33,135 | — | $3M |
| 2015-Q3 | 6 | 31,614 | — | $3M |
| 2015-Q2 | 6 | 31,614 | — | $3M |
| 2015-Q1 | 6 | 31,614 | — | $3M |
| 2014-Q4 | 6 | 31,867 | — | $3M |
| 2014-Q3 | 5 | 28,398 | — | $3M |
| 2014-Q2 | 6 | 31,661 | — | $3M |
| 2014-Q1 | 6 | 31,508 | — | $3M |
| 2013-Q4 | 7 | 34,166 | — | $3M |
| 2013-Q3 | 6 | 31,908 | — | $3M |
| 2013-Q2 | 4 | 23,962 | — | $2M |
