Who owns VAW (VAW)
Which tracked institutional funds hold VAW, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See VAW company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
62 tracked funds added or opened VAW while 27 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
VAW’s largest tracked holder by dollar value, Beacon Capital Management, Inc., sizes it at 5.8% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 5.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in VAW divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 405 tracked filers holding VAW, 162 increased or opened the position and 175 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in VAW between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 10
- Nan Shan Life Insurance Co., Ltd.$9M
- KINGSWOOD WEALTH ADVISORS, LLC$4M
- TrueWealth Financial Partners$3M
- Kinloch Capital, LLC$3M
- Independent Advisor Alliance$2M
- MARSHALL WACE, LLP$1M
Full exits 10
- Polianta Ltd$9M
- Janney Montgomery Scott LLC$2M
- Main Street Financial Solutions, LLC$2M
- COMERICA BANK$1M
- Axiom Financial Strategies, LLC$1M
- Chevy Chase Trust Holdings, LLC$942K
Largest adds
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$9M
- MORGAN STANLEY$8M
- LPL Financial LLC$8M
- Banco Santander, S.A.$6M
- UBS Group AG$5M
- PGIM Custom Harvest LLC$5M
Largest trims
- BANK OF AMERICA CORP /DE/$197M
- Cetera Investment Advisers$5M
- Empower Advisory Group, LLC$3M
- MML INVESTORS SERVICES, LLC$1M
- GTS SECURITIES LLC$1M
- MANUFACTURERS LIFE INSURANCE COMPANY, THE$885K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Beacon Capital Management, Inc. trimmed | 454,180 | $102M | 9.0% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 417,994 | $94M | 8.3% | 2026-Q1 |
| Empower Advisory Group, LLC trimmed | 343,740 | $77M | 6.8% | 2026-Q1 |
| LPL Financial LLC added | 308,585 | $70M | 6.1% | 2026-Q1 |
| MORGAN STANLEY added | 259,283 | $58M | 5.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 234,944 | $53M | 4.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 226,706 | $51M | 4.5% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 225,065 | $51M | 4.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 172,265 | $39M | 3.4% | 2026-Q1 |
| PGIM Custom Harvest LLC added | 170,321 | $38M | 3.4% | 2026-Q1 |
| UBS Group AG added | 123,494 | $28M | 2.5% | 2026-Q1 |
| Ameritas Advisory Services, LLC trimmed | 100,000 | $23M | 2.0% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 90,452 | $20M | 1.8% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 89,211 | $20M | 1.8% | 2026-Q1 |
| Lido Advisors, LLC added | 72,773 | $16M | 1.4% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 72,046 | $16M | 1.4% | 2026-Q1 |
| Corient Private Wealth LLC trimmed | 68,141 | $15M | 1.3% | 2026-Q1 |
| GW HENSSLER & ASSOCIATES LTD trimmed | 62,938 | $14M | 1.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 57,276 | $13M | 1.1% | 2026-Q1 |
| Banco Santander, S.A. added | 53,997 | $12M | 1.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 45,037 | $10M | 0.9% | 2026-Q1 |
| KCM INVESTMENT ADVISORS LLC added | 42,492 | $10M | 0.8% | 2026-Q1 |
| Strengthening Families & Communities, LLC trimmed | 41,618 | $9M | 0.8% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 40,621 | $9M | 0.8% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 40,162 | $9M | 0.8% | 2026-Q1 |
| Nan Shan Life Insurance Co., Ltd. added | 38,836 | $9M | 0.8% | 2026-Q1 |
| Clear Creek Financial Management, LLC added | 37,431 | $8M | 0.7% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 33,218 | $7M | 0.7% | 2026-Q1 |
| Richmond Brothers, Inc. trimmed | 31,033 | $7M | 0.6% | 2026-Q1 |
| EXCHANGE TRADED CONCEPTS, LLC trimmed | 30,340 | $7M | 0.6% | 2026-Q1 |
| M Holdings Securities, Inc. added | 28,978 | $7M | 0.6% | 2026-Q1 |
| LRI Investments, LLC added | 28,475 | $6M | 0.6% | 2026-Q1 |
| PARK NATIONAL CORP /OH/ added | 28,403 | $6M | 0.6% | 2026-Q1 |
| Creative Planning trimmed | 24,924 | $6M | 0.5% | 2026-Q1 |
| LIGHTHOUSE FINANCIAL SERVICES INC /ADV trimmed | 23,376 | $6M | 0.5% | 2026-Q1 |
| Guardian Wealth Management, LLC trimmed | 24,110 | $5M | 0.5% | 2026-Q1 |
| Wealthcare Advisory Partners LLC added | 23,816 | $5M | 0.5% | 2026-Q1 |
| J.W. COLE ADVISORS, INC. trimmed | 23,735 | $5M | 0.5% | 2026-Q1 |
| RESOURCES MANAGEMENT CORP /CT/ /ADV trimmed | 22,543 | $5M | 0.4% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 22,383 | $5M | 0.4% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 22,289 | $5M | 0.4% | 2026-Q1 |
| Sigma Planning Corp trimmed | 21,464 | $5M | 0.4% | 2026-Q1 |
| Vickerman Investment Advisors, Inc. trimmed | 21,438 | $5M | 0.4% | 2026-Q1 |
| Foundations Investment Advisors, LLC added | 20,284 | $5M | 0.4% | 2026-Q1 |
| HighTower Advisors, LLC added | 20,080 | $5M | 0.4% | 2026-Q1 |
| ASSETMARK, INC trimmed | 19,932 | $4M | 0.4% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 19,898 | $4M | 0.4% | 2026-Q1 |
| Certified Advisory Corp trimmed | 19,202 | $4M | 0.4% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 19,143 | $4M | 0.4% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 17,056 | $4M | 0.3% | 2026-Q1 |
| Silver Coast Investments LLC added | 16,806 | $4M | 0.3% | 2026-Q1 |
| Tranquilli Financial Advisor LLC trimmed | 16,499 | $4M | 0.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 16,395 | $4M | 0.3% | 2026-Q1 |
| Gibraltar Capital Management, Inc. | 16,217 | $4M | 0.3% | 2026-Q1 |
| Private Advisor Group, LLC added | 15,389 | $3M | 0.3% | 2026-Q1 |
| Atria Investments, Inc trimmed | 15,098 | $3M | 0.3% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 14,508 | $3M | 0.3% | 2026-Q1 |
| PARSONS CAPITAL MANAGEMENT INC/RI trimmed | 14,043 | $3M | 0.3% | 2026-Q1 |
| Prospera Financial Services Inc added | 13,700 | $3M | 0.3% | 2026-Q1 |
| TRUIST FINANCIAL CORP added | 13,715 | $3M | 0.3% | 2026-Q1 |
| Quantinno Capital Management LP added | 13,551 | $3M | 0.3% | 2026-Q1 |
| Mariner, LLC trimmed | 13,369 | $3M | 0.3% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 12,825 | $3M | 0.3% | 2026-Q1 |
| M&T Bank Corp trimmed | 12,720 | $3M | 0.3% | 2026-Q1 |
| TrueWealth Financial Partners trimmed | 11,549 | $3M | 0.2% | 2026-Q1 |
| Kinloch Capital, LLC added | 11,548 | $3M | 0.2% | 2026-Q1 |
| FELL CAPITAL MANAGEMENT /ADV trimmed | 11,495 | $3M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 11,423 | $3M | 0.2% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 13,085 | $2M | 0.2% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 10,747 | $2M | 0.2% | 2026-Q1 |
| SIMON QUICK ADVISORS, LLC added | 10,458 | $2M | 0.2% | 2026-Q1 |
| Sierra Capital LLC | 10,398 | $2M | 0.2% | 2026-Q1 |
| Sharper & Granite LLC trimmed | 10,087 | $2M | 0.2% | 2026-Q1 |
| Sagace Wealth Management LLC added | 10,043 | $2M | 0.2% | 2026-Q1 |
| SAGE RHINO CAPITAL LLC trimmed | 9,889 | $2M | 0.2% | 2026-Q1 |
| Independent Advisor Alliance added | 9,887 | $2M | 0.2% | 2026-Q1 |
| MassMutual Private Wealth & Trust, FSB trimmed | 9,745 | $2M | 0.2% | 2026-Q1 |
| Merit Financial Group, LLC added | 9,583 | $2M | 0.2% | 2026-Q1 |
| Prairiewood Capital, LLC trimmed | 9,391 | $2M | 0.2% | 2026-Q1 |
| Buska Wealth Management, LLC trimmed | 9,118 | $2M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 8,865 | $2M | 0.2% | 2026-Q1 |
| Global Strategic Investment Solutions, LLC trimmed | 8,663 | $2M | 0.2% | 2026-Q1 |
| BlackRock, Inc. added | 8,219 | $2M | 0.2% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 8,362 | $2M | 0.2% | 2026-Q1 |
| Essex Financial Services, Inc. trimmed | 7,745 | $2M | 0.2% | 2026-Q1 |
| Hershey Financial Advisers, LLC trimmed | 7,537 | $2M | 0.1% | 2026-Q1 |
| Strategic Wealth Investment Group, LLC trimmed | 7,499 | $2M | 0.1% | 2026-Q1 |
| Farrell Financial LLC added | 7,354 | $2M | 0.1% | 2026-Q1 |
| Pathway Financial Advisors LLC | 7,240 | $2M | 0.1% | 2026-Q1 |
| Polianta Ltd added | 44,400 | $9M | 0.8% | 2025-Q4 stale |
| Exchange Capital Management, Inc. trimmed | 25,045 | $5M | 0.4% | 2025-Q2 stale |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 19,658 | $4M | 0.4% | 2025-Q3 stale |
| Full Sail Capital, LLC trimmed | 17,107 | $4M | 0.3% | 2025-Q3 stale |
| Atria Wealth Solutions, Inc. trimmed | 17,025 | $3M | 0.3% | 2025-Q2 stale |
| NEW YORK LIFE INVESTMENT MANAGEMENT LLC trimmed | 11,237 | $2M | 0.2% | 2025-Q1 stale |
| Proquility Private Wealth Partners, LLC added | 9,756 | $2M | 0.2% | 2025-Q1 stale |
| Janney Montgomery Scott LLC added | 8,843 | $2M | 0.2% | 2025-Q4 stale |
| AMERIFLEX GROUP, INC. new | 9,684 | $2M | 0.2% | 2025-Q1 stale |
| Main Street Financial Solutions, LLC trimmed | 8,720 | $2M | 0.2% | 2025-Q4 stale |
| NISA INVESTMENT ADVISORS, LLC | 9,100 | $2M | 0.2% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.