Who owns VBIL
Which tracked institutional funds hold VBIL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See VBIL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-19). 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
159 tracked funds added or opened VBIL while 89 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
VBIL’s largest tracked holder by dollar value, WIT, LLC, sizes it at 6.6% of its own reported 13F book, while the median holder sizes it at 1.2% of theirs — a 5.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in VBIL 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 2026-Q1 and 2026-Q2, across 392 tracked filers holding VBIL, 253 increased or opened the position and 160 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 VBIL between the 2026-Q1 and 2026-Q2 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 59
- Evanson Financial, LLC$153M
- Randolph Co Inc$75M
- Family Manage LLC$48M
- BANK OF MONTREAL /CAN/$45M
- Mirae Asset Global Investments Co., Ltd.$36M
- AE Wealth Management LLC$27M
Full exits 26
- Evanson Asset Management, LLC$142M
- THOMPSON SIEGEL & WALMSLEY LLC$20M
- HighTower Advisors, LLC$8M
- Summit Global Investments$8M
- Factorial Partners, LLC$7M
- BURLING WEALTH PARTNERS, LLC$4M
Largest adds
- WIT, LLC$215M
- Elm Partners Management LLC$150M
- MORGAN STANLEY$103M
- PNC Financial Services Group, Inc.$48M
- BANK OF AMERICA CORP /DE/$47M
- Twin Lakes Capital Management, LLC$26M
Largest trims
- Nicholas Hoffman & Company, LLC.$72M
- GREENHAVEN ASSOCIATES INC$40M
- ARMSTRONG ADVISORY GROUP, INC$20M
- Symmetry Partners, LLC$19M
- TRUIST FINANCIAL CORP$17M
- UBS Group AG$15M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| WIT, LLC added | 5,483,220 | $415M | 11.7% | 2026-Q2 |
| Elm Partners Management LLC added | 3,821,836 | $289M | 8.1% | 2026-Q2 |
| Oxbow Advisors, LLC added | 2,473,459 | $187M | 5.3% | 2026-Q2 |
| MORGAN STANLEY added | 2,295,655 | $174M | 4.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,038,414 | $154M | 4.3% | 2026-Q2 |
| Evanson Financial, LLC new | 2,015,129 | $153M | 4.3% | 2026-Q2 |
| Nicholas Hoffman & Company, LLC. trimmed | 1,417,380 | $107M | 3.0% | 2026-Q2 |
| SCS Capital Management LLC trimmed | 1,375,765 | $104M | 2.9% | 2026-Q2 |
| Randolph Co Inc new | 995,026 | $75M | 2.1% | 2026-Q2 |
| ARMSTRONG ADVISORY GROUP, INC trimmed | 967,024 | $73M | 2.1% | 2026-Q2 |
| FSA Investment Group, LLC added | 888,079 | $67M | 1.9% | 2026-Q2 |
| UBS Group AG trimmed | 830,196 | $63M | 1.8% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 791,710 | $60M | 1.7% | 2026-Q2 |
| AWM CAPITAL, LLC added | 698,414 | $53M | 1.5% | 2026-Q2 |
| Bridgewealth Advisory Group, LLC trimmed | 686,345 | $52M | 1.5% | 2026-Q2 |
| BetterWealth, LLC added | 682,813 | $52M | 1.5% | 2026-Q2 |
| GREENHAVEN ASSOCIATES INC trimmed | 662,000 | $50M | 1.4% | 2026-Q2 |
| Family Manage LLC new | 639,028 | $48M | 1.4% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 629,035 | $48M | 1.3% | 2026-Q2 |
| Bragg Financial Advisors, Inc added | 606,182 | $46M | 1.3% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 600,000 | $45M | 1.3% | 2026-Q2 |
| LPL Financial LLC added | 570,543 | $43M | 1.2% | 2026-Q2 |
| Altiora Financial Group, LLC added | 477,767 | $36M | 1.0% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. new | 477,000 | $36M | 1.0% | 2026-Q2 |
| Cypress Capital, LLC trimmed | 454,572 | $34M | 1.0% | 2026-Q2 |
| Pathway Financial Advisors LLC added | 412,146 | $31M | 0.9% | 2026-Q2 |
| Apella Capital, LLC trimmed | 411,969 | $31M | 0.9% | 2026-Q2 |
| Fortitude Family Office, LLC added | 393,282 | $30M | 0.8% | 2026-Q2 |
| ANDERSON HOAGLAND & CO added | 375,921 | $28M | 0.8% | 2026-Q2 |
| AE Wealth Management LLC new | 359,477 | $27M | 0.8% | 2026-Q2 |
| Twin Lakes Capital Management, LLC added | 345,541 | $26M | 0.7% | 2026-Q2 |
| Blume Capital Management, Inc. added | 337,853 | $26M | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 337,174 | $26M | 0.7% | 2026-Q2 |
| Kohmann Bosshard Financial Services, LLC added | 333,308 | $25M | 0.7% | 2026-Q2 |
| Cardinal Point Capital Management ULC added | 320,743 | $24M | 0.7% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 316,787 | $24M | 0.7% | 2026-Q2 |
| Red Wave Investments LLC added | 312,941 | $24M | 0.7% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 307,599 | $23M | 0.7% | 2026-Q2 |
| CreativeOne Wealth, LLC added | 304,976 | $23M | 0.6% | 2026-Q2 |
| JIM SAULNIER & ASSOCIATES, LLC added | 295,874 | $22M | 0.6% | 2026-Q2 |
| Fort Point Capital Partners LLC added | 294,437 | $22M | 0.6% | 2026-Q2 |
| Whitaker-Myers Wealth Managers, LTD. added | 291,022 | $22M | 0.6% | 2026-Q2 |
| Goodman Financial Corp added | 278,340 | $21M | 0.6% | 2026-Q2 |
| First Pacific Advisors, LP added | 260,280 | $20M | 0.6% | 2026-Q2 |
| Garde Capital, Inc. trimmed | 252,241 | $19M | 0.5% | 2026-Q2 |
| Corient Private Wealth LP added | 237,949 | $18M | 0.5% | 2026-Q2 |
| Gross & Hartman Investments LLC added | 232,718 | $18M | 0.5% | 2026-Q2 |
| SYKON CAPITAL LLC trimmed | 228,655 | $17M | 0.5% | 2026-Q2 |
| Delta Investment Management, LLC added | 220,015 | $17M | 0.5% | 2026-Q2 |
| Advisors Capital Management, LLC new | 218,774 | $17M | 0.5% | 2026-Q2 |
| Rialto Wealth Management, LLC added | 216,777 | $16M | 0.5% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 215,300 | $16M | 0.5% | 2026-Q2 |
| Miller Investment Management, LP added | 212,630 | $16M | 0.5% | 2026-Q2 |
| Tortoise Investment Management, LLC added | 205,882 | $16M | 0.4% | 2026-Q2 |
| Quantinno Capital Management LP added | 203,637 | $15M | 0.4% | 2026-Q2 |
| Rossmore Private Capital trimmed | 202,544 | $15M | 0.4% | 2026-Q2 |
| JBR Co Financial Management Inc added | 196,853 | $15M | 0.4% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 194,532 | $15M | 0.4% | 2026-Q2 |
| Clear Creek Financial Management, LLC trimmed | 192,880 | $15M | 0.4% | 2026-Q2 |
| Maloon Powers Pitre Higgins & Dennehy, LLC new | 189,195 | $14M | 0.4% | 2026-Q2 |
| eCIO, Inc. added | 171,059 | $13M | 0.4% | 2026-Q2 |
| HUB Investment Partners, LLC new | 170,790 | $13M | 0.4% | 2026-Q2 |
| Roehl & Yi Investment Advisors, LLC trimmed | 167,513 | $13M | 0.4% | 2026-Q2 |
| CHATHAM CAPITAL GROUP, INC. added | 164,210 | $12M | 0.3% | 2026-Q2 |
| UNITED CAPITAL FINANCIAL ADVISORS, LLC added | 162,810 | $12M | 0.3% | 2026-Q2 |
| Roundview Capital LLC added | 157,454 | $12M | 0.3% | 2026-Q2 |
| Englebert Financial Advisers, LLC added | 149,475 | $11M | 0.3% | 2026-Q2 |
| RFP Financial Group LLC trimmed | 146,162 | $11M | 0.3% | 2026-Q2 |
| Balentine LLC new | 138,941 | $11M | 0.3% | 2026-Q2 |
| Greenline Partners, LLC added | 138,816 | $11M | 0.3% | 2026-Q2 |
| ABSOLUTE CAPITAL MANAGEMENT, LLC new | 137,700 | $10M | 0.3% | 2026-Q2 |
| GenTrust, LLC added | 136,655 | $10M | 0.3% | 2026-Q2 |
| BENJAMIN EDWARDS INC trimmed | 134,338 | $10M | 0.3% | 2026-Q2 |
| SAGE RHINO CAPITAL LLC added | 134,319 | $10M | 0.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 134,034 | $10M | 0.3% | 2026-Q2 |
| Cetera Investment Advisers added | 131,228 | $10M | 0.3% | 2026-Q2 |
| Tradition Wealth Management, LLC added | 123,662 | $9M | 0.3% | 2026-Q2 |
| Lakewood Asset Management LLC added | 122,017 | $9M | 0.3% | 2026-Q2 |
| Savant Capital, LLC added | 121,657 | $9M | 0.3% | 2026-Q2 |
| HARBOUR INVESTMENT MANAGEMENT LLC trimmed | 114,851 | $9M | 0.2% | 2026-Q2 |
| LRI Investments, LLC trimmed | 113,999 | $9M | 0.2% | 2026-Q2 |
| Cassilly Financial Group LLC added | 113,821 | $9M | 0.2% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 112,943 | $9M | 0.2% | 2026-Q2 |
| FLPUTNAM INVESTMENT MANAGEMENT CO added | 111,335 | $8M | 0.2% | 2026-Q2 |
| Stonebridge Financial Group, LLC added | 110,080 | $8M | 0.2% | 2026-Q2 |
| Safe Harbor Family Capital, LLC added | 102,072 | $8M | 0.2% | 2026-Q2 |
| Cambria Investment Management, L.P. trimmed | 102,045 | $8M | 0.2% | 2026-Q2 |
| ABOUND FINANCIAL, LLC trimmed | 101,352 | $8M | 0.2% | 2026-Q2 |
| SJS Investment Consulting Inc. trimmed | 100,758 | $8M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 92,693 | $7M | 0.2% | 2026-Q2 |
| Ethos Financial Group, LLC added | 92,559 | $7M | 0.2% | 2026-Q2 |
| Creative Planning added | 87,833 | $7M | 0.2% | 2026-Q2 |
| Kingsview Wealth Management, LLC trimmed | 86,773 | $7M | 0.2% | 2026-Q2 |
| Foundry Financial LLC added | 83,378 | $6M | 0.2% | 2026-Q2 |
| Greenspring Advisors, LLC trimmed | 82,947 | $6M | 0.2% | 2026-Q2 |
| SMITH, MOORE & CO. added | 82,836 | $6M | 0.2% | 2026-Q2 |
| PFW Advisors LLC trimmed | 81,692 | $6M | 0.2% | 2026-Q2 |
| Arbor Investment Advisors, LLC added | 80,444 | $6M | 0.2% | 2026-Q2 |
| Ledgewood Wealth Advisors, LLC added | 78,806 | $6M | 0.2% | 2026-Q2 |
| XP Advisory US, Inc. new | 77,252 | $6M | 0.2% | 2026-Q2 |
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.