% of shares outstanding is not shown for VSS: 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 VSS 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 | Empower Advisory Group, LLC | 4,998,6535.0M | $729M | — | — |
| 2 | JONES FINANCIAL COMPANIES LLLP | 2,718,4822.7M | $387M | — | ADD 239% |
| 3 | Mason Investment Advisory Services, Inc. | 1,905,2141.9M | $278M | — | — |
| 4 | NATIXIS ADVISORS, LLC | 1,815,9741.8M | $265M | — | TRIM -3% |
| 5 | BESSEMER GROUP INC | 1,698,2481.7M | $248M | — | — |
| 6 | State of New Jersey Common Pension Fund D | 1,512,8751.5M | $221M | — | — |
| 7 | 1832 Asset Management L.P. | 1,467,7781.5M | $214M | — | — |
| 8 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1,099,3031.1M | $160M | — | TRIM -7% |
| 9 | Bank of New York Mellon Corp | 813,491813,491 | $119M | — | ADD 8175% |
| 10 | MORGAN STANLEY | 765,596765,596 | $112M | — | ADD 17% |
| 11 | ASSETMARK, INC | 742,771742,771 | $108M | — | ADD 3% |
| 12 | Creative Planning | 735,168735,168 | $107M | — | ADD 6% |
| 13 | WIT, LLC | 658,548658,548 | $96M | — | — |
| 14 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 619,635619,635 | $90M | — | ADD 13% |
| 15 | UBS Group AG | 521,955521,955 | $76M | — | ADD 4% |
| 16 | LPL Financial LLC | 475,989475,989 | $69M | — | TRIM -5% |
| 17 | Clark Capital Management Group, Inc. | 458,577458,577 | $67M | — | ADD 4% |
| 18 | WELLS FARGO & COMPANY/MN | 405,256405,256 | $59M | — | ADD 13% |
| 19 | Pathstone Holdings, LLC | 349,644349,644 | $51M | — | ADD 7% |
| 20 | ENVESTNET ASSET MANAGEMENT INC | 334,623334,623 | $49M | — | ADD 2% |
| 21 | BANK OF AMERICA CORP /DE/ | 319,984319,984 | $47M | — | ADD 9% |
| 22 | BANK OF MONTREAL /CAN/ | 313,974313,974 | $46M | — | TRIM -10% |
| 23 | Advisory Alpha, LLC | 287,330287,330 | $42M | — | TRIM -8% |
| 24 | Efficient Advisors, LLC | 287,104287,104 | $42M | — | TRIM -18% |
| 25 | Corient Private Wealth LLC | 274,375274,375 | $40M | — | TRIM -51% |
| 26 | STATE STREET CORP | 272,361272,361 | $40M | — | TRIM -29% |
| 27 | COMMONWEALTH EQUITY SERVICES, LLC | 253,689253,689 | $37M | — | TRIM -8% |
| 28 | MERCER GLOBAL ADVISORS INC /ADV | 253,524253,524 | $37M | — | TRIM -23% |
| 29 | STIFEL FINANCIAL CORP | 221,200221,200 | $32M | — | — |
| 30 | PNC FINANCIAL SERVICES GROUP, INC. | 218,510218,510 | $32M | — | TRIM -2% |
| 31 | Cetera Investment Advisers | 208,276208,276 | $30M | — | TRIM -6% |
| 32 | Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 206,351206,351 | $30M | — | TRIM -2% |
| 33 | Cerity Partners LLC | 206,124206,124 | $30M | — | ADD 5% |
| 34 | Wedmont Private Capital | 180,872180,872 | $28M | — | TRIM -3% |
| 35 | HighTower Advisors, LLC | 186,312186,312 | $27M | — | ADD 5% |
| 36 | Apella Capital, LLC | 167,852167,852 | $27M | — | — |
| 37 | JANE STREET GROUP, LLC | 181,224181,224 | $26M | — | TRIM -39% |
| 38 | Galvin, Gaustad & Stein, LLC | 179,696179,696 | $26M | — | — |
| 39 | ROYAL BANK OF CANADA | 178,921178,921 | $26M | — | ADD 17% |
| 40 | Savant Capital, LLC | 175,578175,578 | $26M | — | TRIM -16% |
| 41 | Vontobel Holding Ltd. | 160,000160,000 | $23M | — | — |
| 42 | RAYMOND JAMES FINANCIAL INC | 158,674158,674 | $23M | — | ADD 13% |
| 43 | GOLDMAN SACHS GROUP INC | 144,798144,798 | $21M | — | — |
| 44 | VICTORY CAPITAL MANAGEMENT INC | 144,563144,563 | $21M | — | ADD 5178% |
| 45 | MATHER GROUP, LLC. | 136,332136,332 | $20M | — | — |
| 46 | JPMORGAN CHASE & CO | 137,691137,691 | $19M | — | ADD 12% |
| 47 | Portland Global Advisors LLC | 123,899123,899 | $18M | — | — |
| 48 | RWA WEALTH PARTNERS, LLC | 119,598119,598 | $17M | — | ADD 22% |
| 49 | MilWealth Group LLC | 117,741117,741 | $17M | — | — |
| 50 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 116,383116,383 | $17M | — | TRIM -44% |
| 51 | Pacific Life Fund Advisors LLC | 109,193109,193 | $16M | — | TRIM -41% |
| 52 | OSAIC HOLDINGS, INC. | 107,069107,069 | $16M | — | ADD 22% |
| 53 | Partners in Financial Planning | 105,728105,728 | $15M | — | — |
| 54 | CAUSEWAY CAPITAL MANAGEMENT LLC | 103,581103,581 | $15M | — | ADD 42% |
| 55 | Redwood Investment Management, LLC | 101,322101,322 | $15M | — | TRIM -11% |
| 56 | BlueSky Wealth Advisors, LLC | 100,324100,324 | $15M | — | NEW |
| 57 | ASPIRIANT, LLC | 92,94392,943 | $14M | — | — |
| 58 | AMERIPRISE FINANCIAL INC | 92,42092,420 | $13M | — | ADD 21% |
| 59 | IMA Advisory Services, Inc. | 87,52487,524 | $13M | — | — |
| 60 | N.E.W. Advisory Services LLC | 85,65585,655 | $12M | — | — |
| 61 | Lido Advisors, LLC | 83,64183,641 | $12M | — | — |
| 62 | COLDSTREAM CAPITAL MANAGEMENT INC | 83,52283,522 | $12M | — | — |
| 63 | Family CFO Inc | 82,90582,905 | $12M | — | — |
| 64 | Modera Wealth Management, LLC | 80,76680,766 | $12M | — | TRIM -4% |
| 65 | Columbus Macro, LLC | 77,51277,512 | $11M | — | ADD 20% |
| 66 | Texas Yale Capital Corp. | 75,83475,834 | $11M | — | — |
| 67 | 25 LLC | 75,26275,262 | $11M | — | — |
| 68 | ATLAS CAPITAL ADVISORS INC. | 74,61174,611 | $11M | — | TRIM -14% |
| 69 | Valmark Advisers, Inc. | 73,36573,365 | $11M | — | ADD 3% |
| 70 | Beacon Pointe Advisors, LLC | 71,84571,845 | $10M | — | TRIM -8% |
| 71 | PRESILIUM PRIVATE WEALTH, LLC | 70,84170,841 | $10M | — | ADD 4% |
| 72 | IFG Advisors, LLC | 70,41370,413 | $10M | — | — |
| 73 | Cambria Investment Management, L.P. | 69,52169,521 | $10M | — | ADD 10% |
| 74 | Grove Street Fiduciary, LLC | 68,03968,039 | $10M | — | — |
| 75 | Whitaker-Myers Wealth Managers, LTD. | 68,01668,016 | $10M | — | ADD 5% |
| 76 | Beaird Harris Wealth Management, LLC | 67,81067,810 | $10M | — | TRIM -10% |
| 77 | Johnson Financial Group, LLC | 67,70367,703 | $10M | — | TRIM -19% |
| 78 | Newton One Investments LLC | 67,19767,197 | $10M | — | ADD 186% |
| 79 | PEAPACK GLADSTONE FINANCIAL CORP | 66,34266,342 | $10M | — | TRIM -3% |
| 80 | RTD Financial Advisors, Inc. | 65,39965,399 | $10M | — | TRIM -3% |
| 81 | FLOW TRADERS U.S. LLC | 65,03565,035 | $9M | — | NEW |
| 82 | Kingsview Wealth Management, LLC | 63,59563,595 | $9M | — | ADD 530% |
| 83 | MAI Capital Management | 63,00663,006 | $9M | — | TRIM -3% |
| 84 | Maltin Wealth Management, Inc. | 62,92262,922 | $9M | — | ADD 11% |
| 85 | Checchi Capital Advisers, LLC | 62,81362,813 | $9M | — | — |
| 86 | Baird Financial Group, Inc. | 62,47662,476 | $9M | — | — |
| 87 | CUTLER INVESTMENT COUNSEL LLC | 62,16562,165 | $9M | — | — |
| 88 | Brooklyn FI, LLC | 61,14161,141 | $9M | — | TRIM -3% |
| 89 | Mariner, LLC | 60,99660,996 | $9M | — | ADD 46% |
| 90 | Rockefeller Capital Management L.P. | 60,05760,057 | $9M | — | ADD 4% |
| 91 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 58,55758,557 | $9M | — | TRIM -83% |
| 92 | Twelve Points Wealth Management LLC | 58,15158,151 | $8M | — | ADD 13% |
| 93 | EXENCIAL WEALTH ADVISORS, LLC | 56,98156,981 | $8M | — | TRIM -2% |
| 94 | Discipline Wealth Solutions, LLC | 56,60456,604 | $8M | — | ADD 760% |
| 95 | OLD MISSION CAPITAL LLC | 55,48255,482 | $8M | — | NEW |
| 96 | Focus Partners Wealth | 51,90751,907 | $8M | — | ADD 13% |
| 97 | Farther Finance Advisors, LLC | 49,73749,737 | $7M | — | ADD 51% |
| 98 | FMR LLC | 50,12850,128 | $7M | — | TRIM -31% |
| 99 | Avior Wealth Management, LLC | 48,69448,694 | $7M | — | — |
| 100 | Quantum Capital Management, LLC / NJ | 48,49148,491 | $7M | — | TRIM -3% |
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 |
|---|---|---|---|---|---|---|---|
| Empower Advisory Group, LLC | 4.6M | 4.9M | 4.9M | 5.0M | 4.9M | 5.0M | $729M |
| JONES FINANCIAL COMPANIES LLLP | 563K | 568K | 611K | 674K | 801K | 2.7M | $387M |
| Mason Investment Advisory Services, Inc. | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | 1.9M | $278M |
| NATIXIS ADVISORS, LLC | 2.6M | 2.3M | 2.2M | 1.9M | 1.9M | 1.8M | $265M |
| BESSEMER GROUP INC | 2.8M | 2.9M | 1.9M | 1.8M | 1.7M | 1.7M | $248M |
| State of New Jersey Common Pension Fund D | — | — | — | — | 1.5M | 1.5M | $221M |
| 1832 Asset Management L.P. | 1.2M | 1.1M | 1.5M | 1.5M | 1.5M | 1.5M | $214M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.6M | 1.5M | 1.4M | 1.3M | 1.2M | 1.1M | $160M |
| Bank of New York Mellon Corp | 6K | 10K | 9K | 9K | 10K | 813K | $119M |
| MORGAN STANLEY | 2.1M | 803K | 749K | 658K | 654K | 766K | $112M |
| ASSETMARK, INC | 830K | 816K | 802K | 735K | 721K | 743K | $108M |
| Creative Planning | 504K | 571K | 611K | 640K | 690K | 735K | $107M |
| WIT, LLC | — | 484K | 659K | 659K | 659K | 659K | $96M |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 616K | 560K | 537K | 541K | 551K | 620K | $90M |
| UBS Group AG | 529K | 557K | 581K | 483K | 503K | 522K | $76M |
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 | |
|---|---|---|---|
| JONES FINANCIAL COMPANIES LLLP | +1,917,106 | $279M | ADD |
| Bank of New York Mellon Corp | +803,660 | $117M | ADD |
| VICTORY CAPITAL MANAGEMENT INC | +141,824 | $21M | ADD |
| MORGAN STANLEY | +111,425 | $16M | ADD |
| BlueSky Wealth Advisors, LLC | +100,324 | $15M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Corient Private Wealth LLC | −290,790 | $42M | TRIM |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | −279,652 | $41M | TRIM |
| Align Financial, LLC | −128,097 | $19M | TRIM |
| JANE STREET GROUP, LLC | −116,390 | $17M | TRIM |
| STATE STREET CORP | −113,128 | $16M | 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 | 690 | 38,350,380 | — | $5.6B |
| 2025-Q4 | 678 | 36,076,246 | — | $5.2B |
| 2025-Q3 | 667 | 39,488,962 | — | $5.3B |
| 2025-Q2 | 649 | 35,490,106 | — | $4.8B |
| 2025-Q1 | 619 | 38,193,284 | — | $4.4B |
| 2024-Q4 | 634 | 42,179,493 | — | $4.8B |
| 2024-Q3 | 610 | 43,962,257 | — | $5.5B |
| 2024-Q2 | 582 | 43,757,630 | — | $5.1B |
| 2024-Q1 | 580 | 39,791,131 | — | $4.6B |
| 2023-Q4 | 593 | 45,734,192 | — | $5.2B |
| 2023-Q3 | 536 | 48,239,028 | — | $5.1B |
| 2023-Q2 | 541 | 47,994,551 | — | $5.3B |
| 2023-Q1 | 524 | 47,015,260 | — | $5.1B |
| 2022-Q4 | 531 | 47,569,410 | — | $4.9B |
| 2022-Q3 | 495 | 45,064,008 | — | $4.2B |
| 2022-Q2 | 511 | 45,173,029 | — | $4.7B |
| 2022-Q1 | 525 | 51,217,763 | — | $6.4B |
| 2021-Q4 | 532 | 49,425,394 | — | $6.7B |
| 2021-Q3 | 481 | 47,695,493 | — | $6.4B |
| 2021-Q2 | 463 | 46,322,302 | — | $6.3B |
| 2021-Q1 | 445 | 44,979,513 | — | $5.8B |
| 2020-Q4 | 415 | 25,624,718 | — | $3.1B |
| 2020-Q3 | 367 | 27,810,459 | — | $2.9B |
| 2020-Q2 | 358 | 29,450,170 | — | $2.8B |
| 2020-Q1 | 362 | 31,526,970 | — | $2.4B |
| 2019-Q4 | 389 | 28,770,937 | — | $3.2B |
| 2019-Q3 | 350 | 28,381,322 | — | $2.9B |
| 2019-Q2 | 356 | 29,501,794 | — | $3.2B |
| 2019-Q1 | 359 | 28,076,037 | — | $2.9B |
| 2018-Q4 | 340 | 30,058,781 | — | $2.8B |
| 2018-Q3 | 321 | 25,952,585 | — | $2.9B |
| 2018-Q2 | 316 | 23,288,611 | — | $2.6B |
| 2018-Q1 | 304 | 17,904,005 | — | $2.1B |
| 2017-Q4 | 275 | 17,065,980 | — | $2.0B |
| 2017-Q3 | 248 | 17,422,297 | — | $2.0B |
| 2017-Q2 | 236 | 16,031,784 | — | $1.7B |
| 2017-Q1 | 228 | 13,963,344 | — | $1.4B |
| 2016-Q4 | 219 | 12,847,056 | — | $1.2B |
| 2016-Q3 | 203 | 11,268,439 | — | $1.1B |
| 2016-Q2 | 197 | 11,573,643 | — | $1.1B |
| 2016-Q1 | 191 | 11,066,421 | — | $1.0B |
| 2015-Q4 | 188 | 11,241,403 | — | $1.0B |
| 2015-Q3 | 188 | 10,782,263 | — | $980M |
| 2015-Q2 | 188 | 12,000,428 | — | $1.2B |
| 2015-Q1 | 171 | 9,550,265 | — | $949M |
| 2014-Q4 | 176 | 9,798,373 | — | $933M |
| 2014-Q3 | 161 | 8,572,666 | — | $874M |
| 2014-Q2 | 154 | 8,240,741 | — | $916M |
| 2014-Q1 | 142 | 6,754,462 | — | $722M |
| 2013-Q4 | 128 | 7,058,643 | — | $720M |
| 2013-Q3 | 110 | 6,030,326 | — | $599M |
| 2013-Q2 | 103 | 5,413,427 | — | $484M |
| 2013-Q1 | 8 | 568,532 | — | $54M |
