% of shares outstanding is not shown for VPU: 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 lands with its cohort — the cohort is size-matched, so it needs a market cap for VPU in the served universe — that lands with the next screener build.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | MORGAN STANLEY | 1,212,7711.2M | $240M | — | ADD 6% |
| 2 | BANK OF AMERICA CORP /DE/ | 1,042,3081.0M | $207M | — | ADD 4% |
| 3 | LPL Financial LLC | 894,086894,086 | $177M | — | — |
| 4 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 713,108713,108 | $141M | — | ADD 5% |
| 5 | Beacon Capital Management, Inc. | 522,967522,967 | $104M | — | TRIM -7% |
| 6 | WELLS FARGO & COMPANY/MN | 522,241522,241 | $103M | — | ADD 30% |
| 7 | ENVESTNET ASSET MANAGEMENT INC | 482,801482,801 | $96M | — | ADD 5% |
| 8 | Empower Advisory Group, LLC | 382,530382,530 | $76M | — | TRIM -7% |
| 9 | UBS Group AG | 361,457361,457 | $72M | — | ADD 5% |
| 10 | OSAIC HOLDINGS, INC. | 316,698316,698 | $63M | — | ADD 37% |
Ranked by each filer’s own reported value, not shares.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| WELLS FARGO & COMPANY/MN | +121,523 | $24M | ADD |
| Nan Shan Life Insurance Co., Ltd. | +105,964 | $21M | OPEN |
| OSAIC HOLDINGS, INC. | +86,084 | $17M | ADD |
| MORGAN STANLEY | +66,848 | $13M | ADD |
| RAYMOND JAMES FINANCIAL INC | +59,507 | $12M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Corient Private Wealth LLC | −122,517 | $24M | TRIM |
| Federation des caisses Desjardins du Quebec | −84,312 | $17M | TRIM |
| BNP PARIBAS FINANCIAL MARKETS | −75,570 | $15M | TRIM |
| CAPTRUST FINANCIAL ADVISORS | −66,513 | $13M | TRIM |
| Stratos Wealth Advisors, LLC | −40,943 | $8M | CLOSE |
Prior quarter split-rebased · 13Fs are long, US-listed only.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | 1.1M | 1.2M | 1.2M | 1.1M | 1.1M | 1.2M | $240M |
| BANK OF AMERICA CORP /DE/ | 983K | 921K | 974K | 1.0M | 1.0M | 1.0M | $207M |
| LPL Financial LLC | 667K | 617K | 735K | 833K | 893K | 894K | $177M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 565K | 611K | 646K | 658K | 679K | 713K | $141M |
| Beacon Capital Management, Inc. | 994K | 265K | 737K | 639K | 564K | 523K | $104M |
| WELLS FARGO & COMPANY/MN | 274K | 275K | 279K | 344K | 401K | 522K | $103M |
| ENVESTNET ASSET MANAGEMENT INC | 603K | 643K | 512K | 518K | 460K | 483K | $96M |
| Empower Advisory Group, LLC | 364K | 381K | 376K | 373K | 412K | 383K | $76M |
| UBS Group AG | 304K | 276K | 314K | 283K | 344K | 361K | $72M |
| OSAIC HOLDINGS, INC. | 138K | 156K | 188K | 233K | 231K | 317K | $63M |
Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.
Holders only — breaks = no 13F.
Short interest has its own tab now — open SI →
SEC Form 13F · ~10,250 filers, 10y · long-only, US-listed, filed ≤45d after quarter-end.
