% of shares outstanding is not shown for VTEB: 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 VTEB 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 | JPMORGAN CHASE & CO | 44,720,65344.7M | $2.2B | — | TRIM -57% |
| 2 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 38,571,55238.6M | $1.9B | — | ADD 5% |
| 3 | MORGAN STANLEY | 27,925,54027.9M | $1.4B | — | ADD 11% |
| 4 | Creative Planning | 27,532,08827.5M | $1.4B | — | ADD 10% |
| 5 | Wealthfront Advisers LLC | 24,913,75924.9M | $1.2B | — | ADD 3% |
| 6 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 24,824,61424.8M | $1.2B | — | ADD 8% |
| 7 | RAYMOND JAMES FINANCIAL INC | 24,433,77524.4M | $1.2B | — | — |
| 8 | FMR LLC | 20,319,50920.3M | $1.0B | — | — |
| 9 | NORTHERN TRUST CORP | 14,599,76114.6M | $728M | — | TRIM -5% |
| 10 | WELLS FARGO & COMPANY/MN | 14,373,73714.4M | $717M | — | ADD 7% |
| 11 | SEI INVESTMENTS CO | 14,164,68914.2M | $707M | — | ADD 5% |
| 12 | TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC | 12,706,86712.7M | $634M | — | NEW |
| 13 | BANK OF AMERICA CORP /DE/ | 12,650,37512.7M | $631M | — | ADD 5% |
| 14 | MERCER GLOBAL ADVISORS INC /ADV | 10,832,37610.8M | $540M | — | ADD 6% |
| 15 | LPL Financial LLC | 9,638,0509.6M | $481M | — | ADD 6% |
| 16 | JONES FINANCIAL COMPANIES LLLP | 8,880,4338.9M | $441M | — | ADD 28% |
| 17 | FRANKLIN RESOURCES INC | 7,223,2227.2M | $360M | — | ADD 15% |
| 18 | Betterment LLC | 6,930,0296.9M | $346M | — | ADD 3% |
| 19 | CLIFTONLARSONALLEN WEALTH ADVISORS, LLC | 6,316,7146.3M | $315M | — | ADD 13% |
| 20 | ENVESTNET ASSET MANAGEMENT INC | 5,402,4985.4M | $270M | — | ADD 16% |
| 21 | Corient Private Wealth LLC | 4,482,5894.5M | $220M | — | TRIM -45% |
| 22 | Cerity Partners LLC | 4,401,8514.4M | $220M | — | ADD 9% |
| 23 | UBS Group AG | 4,345,6534.3M | $217M | — | ADD 16% |
| 24 | Mariner, LLC | 4,267,1504.3M | $213M | — | ADD 8% |
| 25 | RWA WEALTH PARTNERS, LLC | 4,250,8704.3M | $212M | — | ADD 6% |
| 26 | ASPIRIANT, LLC | 4,233,9534.2M | $211M | — | — |
| 27 | VANGUARD ADVISERS INC | 3,852,2093.9M | $192M | — | NEW |
| 28 | US BANCORP \DE\ | 3,492,6123.5M | $174M | — | — |
| 29 | Orgel Wealth Management, LLC | 3,465,0553.5M | $173M | — | TRIM -3% |
| 30 | ROYAL BANK OF CANADA | 3,311,1603.3M | $165M | — | TRIM -3% |
| 31 | AMERIPRISE FINANCIAL INC | 3,198,1323.2M | $160M | — | ADD 5% |
| 32 | Facet Wealth, Inc. | 2,638,9882.6M | $132M | — | ADD 30% |
| 33 | HighTower Advisors, LLC | 2,622,2612.6M | $131M | — | ADD 3% |
| 34 | PNC FINANCIAL SERVICES GROUP, INC. | 2,462,8662.5M | $123M | — | TRIM -4% |
| 35 | Members Trust Co | 2,453,8612.5M | $122M | — | ADD 4% |
| 36 | Pathstone Holdings, LLC | 2,367,4742.4M | $118M | — | — |
| 37 | OneDigital Investment Advisors LLC | 2,153,5552.2M | $107M | — | ADD 12% |
| 38 | SCS Capital Management LLC | 1,930,3651.9M | $96M | — | — |
| 39 | Prime Capital Investment Advisors, LLC | 1,896,1331.9M | $95M | — | — |
| 40 | Sequoia Financial Advisors, LLC | 1,846,3691.8M | $92M | — | ADD 8% |
| 41 | Bank of New York Mellon Corp | 1,804,8941.8M | $90M | — | ADD 21% |
| 42 | Baird Financial Group, Inc. | 1,707,7961.7M | $85M | — | TRIM -3% |
| 43 | Savant Capital, LLC | 1,615,6811.6M | $81M | — | ADD 10% |
| 44 | OSAIC HOLDINGS, INC. | 1,608,5061.6M | $80M | — | TRIM -18% |
| 45 | Wedmont Private Capital | 1,587,7871.6M | $80M | — | ADD 20% |
| 46 | Lutz Financial Services LLC | 1,569,6631.6M | $78M | — | ADD 6% |
| 47 | STIFEL FINANCIAL CORP | 1,555,1771.6M | $78M | — | ADD 5% |
| 48 | GeoWealth Management, LLC | 1,547,0811.5M | $77M | — | — |
| 49 | Alvarez & Marsal Private Wealth Partners, LLC | 1,428,5181.4M | $71M | — | NEW |
| 50 | Composition Wealth, LLC | 1,365,6101.4M | $68M | — | ADD 796% |
| 51 | Sanctuary Advisors, LLC | 1,361,4671.4M | $68M | — | TRIM -5% |
| 52 | Forum Financial Management, LP | 1,319,8571.3M | $66M | — | — |
| 53 | Bleakley Financial Group, LLC | 1,314,7571.3M | $66M | — | ADD 13% |
| 54 | EP Wealth Advisors, LLC | 1,299,8441.3M | $65M | — | ADD 44% |
| 55 | TIAA Wealth Investment Management LLC | 1,277,0721.3M | $64M | — | NEW |
| 56 | Integrated Wealth Concepts LLC | 1,273,6641.3M | $64M | — | ADD 33% |
| 57 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 1,291,9561.3M | $63M | — | TRIM -29% |
| 58 | BAKER BOYER NATIONAL BANK | 1,172,2021.2M | $58M | — | — |
| 59 | Cetera Investment Advisers | 1,151,6051.2M | $57M | — | ADD 11% |
| 60 | Topsail Wealth Management, LLC | 1,100,7571.1M | $55M | — | — |
| 61 | Focus Partners Wealth | 1,099,1041.1M | $55M | — | — |
| 62 | Kestra Investment Management, LLC | 1,098,7411.1M | $55M | — | ADD 39% |
| 63 | West Financial Advisors, LLC | 1,094,8451.1M | $55M | — | — |
| 64 | GenTrust, LLC | 1,045,6211.0M | $52M | — | ADD 16% |
| 65 | MATHER GROUP, LLC. | 992,577992,577 | $50M | — | ADD 5% |
| 66 | Beacon Pointe Advisors, LLC | 989,502989,502 | $49M | — | ADD 17% |
| 67 | THOMPSON SIEGEL & WALMSLEY LLC | 973,264973,264 | $49M | — | — |
| 68 | Ackerman Capital Advisors, LLC | 957,011957,011 | $48M | — | TRIM -2% |
| 69 | Texas Capital Bank Wealth Management Services Inc | 913,240913,240 | $46M | — | — |
| 70 | Sunflower Bank, N.A. | 896,240896,240 | $45M | — | ADD 3% |
| 71 | Beaird Harris Wealth Management, LLC | 894,199894,199 | $45M | — | — |
| 72 | Foster Group, Inc. | 885,687885,687 | $44M | — | — |
| 73 | Allworth Financial LP | 869,401869,401 | $43M | — | ADD 8% |
| 74 | Heritage Investment Group, Inc. | 868,264868,264 | $43M | — | ADD 4% |
| 75 | TRUIST FINANCIAL CORP | 866,033866,033 | $43M | — | ADD 14% |
| 76 | One Capital Management, LLC | 845,847845,847 | $42M | — | ADD 4% |
| 77 | Financial Engines Advisors L.L.C. | 842,572842,572 | $42M | — | — |
| 78 | MML INVESTORS SERVICES, LLC | 824,157824,157 | $41M | — | TRIM -16% |
| 79 | JFS WEALTH ADVISORS, LLC | 811,204811,204 | $40M | — | ADD 3% |
| 80 | NICOLET BANKSHARES INC | 801,648801,648 | $40M | — | NEW |
| 81 | M&T Bank Corp | 796,708796,708 | $40M | — | — |
| 82 | COMMONWEALTH EQUITY SERVICES, LLC | 777,821777,821 | $39M | — | TRIM -22% |
| 83 | Global Strategic Investment Solutions, LLC | 770,917770,917 | $38M | — | ADD 11% |
| 84 | Fort Point Capital Partners LLC | 751,234751,234 | $37M | — | TRIM -27% |
| 85 | EVERGREEN CAPITAL MANAGEMENT LLC | 745,522745,522 | $37M | — | — |
| 86 | OLD NATIONAL BANCORP /IN/ | 733,944733,944 | $37M | — | ADD 23% |
| 87 | Lexington Hill Partners, LLC | 721,059721,059 | $36M | — | ADD 82% |
| 88 | MBB PUBLIC MARKETS I LLC | 718,533718,533 | $36M | — | ADD 29% |
| 89 | Crestwood Advisors Group, LLC | 715,114715,114 | $36M | — | TRIM -15% |
| 90 | Waldron Private Wealth LLC | 707,563707,563 | $35M | — | TRIM -2% |
| 91 | Avidian Wealth Enterprises, LLC | 705,710705,710 | $35M | — | ADD 94% |
| 92 | Bedel Financial Consulting, Inc. | 703,776703,776 | $35M | — | — |
| 93 | Jordan Park Group LLC | 703,253703,253 | $35M | — | ADD 21% |
| 94 | Resonant Capital Advisors, LLC | 702,048702,048 | $35M | — | — |
| 95 | Gleason Group, Inc. | 695,356695,356 | $35M | — | ADD 10% |
| 96 | Wealthspire Advisors, LLC | 675,736675,736 | $34M | — | — |
| 97 | Allen Investment Management, LLC | 673,326673,326 | $34M | — | — |
| 98 | Waverly Advisors, LLC | 653,649653,649 | $33M | — | ADD 9% |
| 99 | Bragg Financial Advisors, Inc | 652,691652,691 | $33M | — | ADD 6% |
| 100 | Astoria Strategic Wealth, Inc. | 645,040645,040 | $32M | — | ADD 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 |
|---|---|---|---|---|---|---|---|
| JPMORGAN CHASE & CO | 78.7M | 77.3M | 108.0M | 198.2M | 104.6M | 44.7M | $2.2B |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 33.6M | 34.5M | 35.2M | 35.7M | 36.7M | 38.6M | $1.9B |
| MORGAN STANLEY | 13.8M | 23.0M | 23.3M | 23.0M | 25.2M | 27.9M | $1.4B |
| Creative Planning | 25.1M | 26.1M | 26.9M | 26.1M | 25.0M | 27.5M | $1.4B |
| Wealthfront Advisers LLC | 24.5M | 22.9M | 20.9M | 22.3M | 24.2M | 24.9M | $1.2B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 32.7M | 30.9M | 24.7M | 24.0M | 23.0M | 24.8M | $1.2B |
| RAYMOND JAMES FINANCIAL INC | 20.8M | 21.7M | 21.8M | 22.2M | 24.6M | 24.4M | $1.2B |
| FMR LLC | 13.3M | 12.6M | 19.8M | 20.3M | 20.5M | 20.3M | $1.0B |
| NORTHERN TRUST CORP | 16.1M | 16.1M | 15.6M | 15.5M | 15.3M | 14.6M | $728M |
| WELLS FARGO & COMPANY/MN | 12.1M | 11.6M | 11.8M | 13.0M | 13.5M | 14.4M | $717M |
| SEI INVESTMENTS CO | 9.5M | 10.1M | 13.2M | 13.9M | 13.5M | 14.2M | $707M |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC | — | — | — | — | — | 12.7M | $634M |
| BANK OF AMERICA CORP /DE/ | 9.9M | 10.3M | 9.7M | 10.7M | 12.1M | 12.7M | $631M |
| MERCER GLOBAL ADVISORS INC /ADV | 5.9M | 6.3M | 6.4M | 9.6M | 10.2M | 10.8M | $540M |
| LPL Financial LLC | 5.4M | 6.0M | 6.4M | 7.5M | 9.1M | 9.6M | $481M |
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 | |
|---|---|---|---|
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC | +12,706,867 | $634M | OPEN |
| VANGUARD ADVISERS INC | +3,852,209 | $192M | OPEN |
| MORGAN STANLEY | +2,752,797 | $137M | ADD |
| Creative Planning | +2,499,613 | $125M | ADD |
| JONES FINANCIAL COMPANIES LLLP | +1,925,834 | $96M | ADD |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| JPMORGAN CHASE & CO | −59,830,919 | $3.0B | TRIM |
| TIAA TRUST, NATIONAL ASSOCIATION | −13,439,919 | $671M | TRIM |
| VANGUARD GROUP INC | −4,141,430 | $207M | CLOSE |
| Corient Private Wealth LLC | −3,663,134 | $183M | TRIM |
| Align Financial, LLC | −1,882,878 | $94M | 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 | 1,334 | 563,516,801 | — | $28.1B |
| 2025-Q4 | 1,308 | 604,376,627 | — | $30.3B |
| 2025-Q3 | 1,228 | 680,093,082 | — | $34.0B |
| 2025-Q2 | 1,207 | 573,326,416 | — | $28.1B |
| 2025-Q1 | 1,215 | 535,378,342 | — | $26.6B |
| 2024-Q4 | 1,219 | 528,838,679 | — | $26.5B |
| 2024-Q3 | 1,101 | 580,109,220 | — | $29.6B |
| 2024-Q2 | 1,083 | 570,127,053 | — | $28.6B |
| 2024-Q1 | 1,049 | 590,564,046 | — | $29.8B |
| 2023-Q4 | 1,066 | 581,920,939 | — | $29.7B |
| 2023-Q3 | 920 | 431,811,050 | — | $20.8B |
| 2023-Q2 | 890 | 417,381,724 | — | $21.0B |
| 2023-Q1 | 877 | 404,971,048 | — | $20.5B |
| 2022-Q4 | 855 | 369,669,500 | — | $18.4B |
| 2022-Q3 | 758 | 266,834,662 | — | $12.5B |
| 2022-Q2 | 767 | 262,797,040 | — | $12.9B |
| 2022-Q1 | 733 | 207,212,634 | — | $10.4B |
| 2021-Q4 | 723 | 187,094,886 | — | $10.1B |
| 2021-Q3 | 638 | 174,445,436 | — | $9.4B |
| 2021-Q2 | 617 | 168,418,865 | — | $9.2B |
| 2021-Q1 | 578 | 144,608,072 | — | $7.8B |
| 2020-Q4 | 542 | 135,177,843 | — | $7.3B |
| 2020-Q3 | 458 | 108,984,123 | — | $5.8B |
| 2020-Q2 | 432 | 98,194,419 | — | $5.3B |
| 2020-Q1 | 411 | 83,546,538 | — | $4.3B |
| 2019-Q4 | 389 | 84,581,332 | — | $4.5B |
| 2019-Q3 | 315 | 73,332,677 | — | $3.9B |
| 2019-Q2 | 292 | 65,400,929 | — | $3.5B |
| 2019-Q1 | 274 | 59,785,619 | — | $3.1B |
| 2018-Q4 | 252 | 55,542,778 | — | $2.8B |
| 2018-Q3 | 211 | 51,213,047 | — | $2.6B |
| 2018-Q2 | 197 | 45,022,424 | — | $2.3B |
| 2018-Q1 | 177 | 33,854,818 | — | $1.7B |
| 2017-Q4 | 157 | 26,461,128 | — | $1.4B |
| 2017-Q3 | 119 | 18,748,645 | — | $967M |
| 2017-Q2 | 105 | 13,869,996 | — | $712M |
| 2017-Q1 | 98 | 10,657,382 | — | $540M |
| 2016-Q4 | 84 | 6,423,688 | — | $323M |
| 2016-Q3 | 56 | 3,251,465 | — | $169M |
| 2016-Q2 | 48 | 2,291,407 | — | $121M |
| 2016-Q1 | 38 | 1,555,131 | — | $76M |
| 2015-Q4 | 19 | 541,320 | — | $28M |
| 2015-Q3 | 10 | 706,434 | — | $35M |
