Who owns VANGUARD FINANCIALS INDEX FUND (VFH)
Which tracked institutional funds hold VFH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See VFH company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-02). 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
134 tracked funds added or opened VFH while 69 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
VFH’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in VFH 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 723 tracked filers holding VFH, 291 increased or opened the position and 336 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 VFH 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 18
- Bellwether Advisors, LLC$8M
- Curran Financial Partners, LLC$6M
- NewEdge Advisors, LLC$3M
- Evanson Financial, LLC$2M
- BRIGHTON JONES LLC$2M
- Simplicity Wealth,LLC$1M
Full exits 37
- Main Management ETF Advisors, LLC$112M
- Ayalon Insurance Comp Ltd.$22M
- Main Management LLC$19M
- Janney Montgomery Scott LLC$18M
- HighTower Advisors, LLC$16M
- Winthrop Capital Management, LLC$12M
Largest adds
- MORGAN STANLEY$48M
- PGIM Custom Harvest LLC$26M
- UBS Group AG$25M
- LPL Financial LLC$16M
- ROYAL BANK OF CANADA$14M
- Retirement Planning Group, LLC$13M
Largest trims
- BANK OF AMERICA CORP /DE/$104M
- AMERIPRISE FINANCIAL INC$15M
- MML INVESTORS SERVICES, LLC$8M
- CAPTRUST FINANCIAL ADVISORS$6M
- IEQ CAPITAL, LLC$6M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$5M
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 |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ trimmed | 21,196,317 | $2.8B | 46.4% | 2026-Q2 |
| MORGAN STANLEY added | 3,729,437 | $491M | 8.2% | 2026-Q2 |
| UBS Group AG added | 1,938,513 | $255M | 4.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 1,811,916 | $238M | 4.0% | 2026-Q2 |
| PGIM Custom Harvest LLC added | 1,686,235 | $222M | 3.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,221,644 | $161M | 2.7% | 2026-Q2 |
| LPL Financial LLC added | 964,920 | $127M | 2.1% | 2026-Q2 |
| FMR LLC trimmed | 930,485 | $122M | 2.0% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 742,857 | $98M | 1.6% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 639,191 | $84M | 1.4% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 605,000 | $80M | 1.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 485,154 | $64M | 1.1% | 2026-Q2 |
| Beacon Capital Management, Inc. trimmed | 478,035 | $63M | 1.0% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 451,392 | $59M | 1.0% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 435,273 | $57M | 1.0% | 2026-Q2 |
| Cetera Investment Advisers added | 430,033 | $57M | 0.9% | 2026-Q2 |
| Lido Advisors, LLC added | 344,493 | $45M | 0.8% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 303,034 | $40M | 0.7% | 2026-Q2 |
| Allianz SE | 267,713 | $35M | 0.6% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 243,922 | $32M | 0.5% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 242,805 | $32M | 0.5% | 2026-Q2 |
| M&T Bank Corp trimmed | 236,897 | $31M | 0.5% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 221,005 | $30M | 0.5% | 2026-Q2 |
| Pinnacle Financial Partners, Inc. trimmed | 212,066 | $28M | 0.5% | 2026-Q2 |
| KCM INVESTMENT ADVISORS LLC added | 200,509 | $26M | 0.4% | 2026-Q2 |
| Ameritas Advisory Services, LLC added | 197,536 | $26M | 0.4% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 193,969 | $26M | 0.4% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 188,644 | $25M | 0.4% | 2026-Q2 |
| Sanctuary Advisors, LLC added | 172,422 | $23M | 0.4% | 2026-Q2 |
| CMH Wealth Management LLC added | 150,808 | $20M | 0.3% | 2026-Q2 |
| Cedar Mountain Advisors, LLC added | 146,558 | $19M | 0.3% | 2026-Q2 |
| TRUST CO OF OKLAHOMA trimmed | 142,855 | $19M | 0.3% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 142,504 | $19M | 0.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 138,842 | $18M | 0.3% | 2026-Q2 |
| EDMOND DE ROTHSCHILD HOLDING S.A. | 138,679 | $18M | 0.3% | 2026-Q2 |
| Mariner, LLC trimmed | 136,363 | $18M | 0.3% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 133,814 | $18M | 0.3% | 2026-Q2 |
| ASSETMARK, INC added | 120,753 | $16M | 0.3% | 2026-Q2 |
| Focus Partners Wealth trimmed | 115,665 | $15M | 0.3% | 2026-Q2 |
| Cresset Asset Management, LLC added | 115,066 | $15M | 0.3% | 2026-Q2 |
| SEARCY FINANCIAL SERVICES INC /ADV trimmed | 114,112 | $15M | 0.2% | 2026-Q2 |
| MassMutual Private Wealth & Trust, FSB trimmed | 108,624 | $14M | 0.2% | 2026-Q2 |
| Retirement Planning Group, LLC added | 108,505 | $14M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 103,222 | $14M | 0.2% | 2026-Q2 |
| Quantinno Capital Management LP added | 100,363 | $13M | 0.2% | 2026-Q2 |
| WBH ADVISORY INC trimmed | 99,170 | $13M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 97,503 | $13M | 0.2% | 2026-Q2 |
| Allen Investment Management, LLC | 95,861 | $13M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC trimmed | 89,745 | $12M | 0.2% | 2026-Q2 |
| Wheelhouse Advisory Group LLC added | 88,023 | $12M | 0.2% | 2026-Q2 |
| Creative Planning added | 81,376 | $11M | 0.2% | 2026-Q2 |
| Mosley Wealth Management added | 80,709 | $11M | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 79,657 | $10M | 0.2% | 2026-Q2 |
| CHAI TRUST CO LLC added | 78,503 | $10M | 0.2% | 2026-Q2 |
| Cerity Partners LLC trimmed | 72,024 | $9M | 0.2% | 2026-Q2 |
| HANCOCK WHITNEY CORP added | 67,154 | $9M | 0.1% | 2026-Q2 |
| Madison Asset Management, LLC trimmed | 64,266 | $8M | 0.1% | 2026-Q2 |
| Summit Financial, LLC added | 63,181 | $8M | 0.1% | 2026-Q2 |
| LCM Capital Management Inc added | 63,009 | $8M | 0.1% | 2026-Q2 |
| FOUNDERS GROVE WEALTH PARTNERS, LLC added | 62,306 | $8M | 0.1% | 2026-Q2 |
| CALTON & ASSOCIATES, INC. trimmed | 61,387 | $8M | 0.1% | 2026-Q2 |
| Kestra Advisory Services, LLC trimmed | 60,191 | $8M | 0.1% | 2026-Q2 |
| ATLAS CAPITAL ADVISORS INC. | 60,063 | $7M | 0.1% | 2026-Q2 |
| Bellwether Advisors, LLC new | 58,048 | $8M | 0.1% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 53,420 | $5M | 0.1% | 2026-Q2 |
| BTG Pactual Asset Management US LLC added | 53,391 | $7M | 0.1% | 2026-Q2 |
| Gibraltar Capital Management, Inc. added | 52,142 | $7M | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 51,776 | $7M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 51,543 | $7M | 0.1% | 2026-Q2 |
| Annex Advisory Services, LLC trimmed | 51,200 | $7M | 0.1% | 2026-Q2 |
| JOHNSON INVESTMENT COUNSEL INC added | 49,276 | $6M | 0.1% | 2026-Q2 |
| PENOBSCOT WEALTH MANAGEMENT added | 48,290 | $6M | 0.1% | 2026-Q2 |
| Curran Financial Partners, LLC trimmed | 48,196 | $6M | 0.1% | 2026-Q2 |
| THEORY FINANCIAL LLC trimmed | 46,809 | $6M | 0.1% | 2026-Q2 |
| AlphaCore Capital LLC trimmed | 46,790 | $6M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 46,549 | $6M | 0.1% | 2026-Q2 |
| Equitable Holdings, Inc. trimmed | 46,168 | $6M | 0.1% | 2026-Q2 |
| Merit Financial Group, LLC trimmed | 46,016 | $6M | 0.1% | 2026-Q2 |
| Wall Street Financial Group, Inc. added | 44,949 | $6M | 0.1% | 2026-Q2 |
| Altura Wealth Advisors Inc. added | 44,706 | $6M | 0.1% | 2026-Q2 |
| LMG Wealth Partners, LLC added | 43,632 | $6M | 0.1% | 2026-Q2 |
| Cascade Financial Partners, LLC added | 42,323 | $6M | 0.1% | 2026-Q2 |
| BARTLETT & CO. WEALTH MANAGEMENT LLC | 42,292 | $6M | 0.1% | 2026-Q2 |
| Frank, Rimerman Advisors LLC trimmed | 41,579 | $5M | 0.1% | 2026-Q2 |
| Pathstone Holdings, LLC added | 40,312 | $5M | 0.1% | 2026-Q2 |
| Silver Coast Investments LLC added | 39,595 | $5M | 0.1% | 2026-Q2 |
| Foundations Investment Advisors, LLC added | 39,230 | $5M | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 38,338 | $5M | 0.1% | 2026-Q2 |
| MAI Capital Management added | 37,853 | $5M | 0.1% | 2026-Q2 |
| NORTHSTAR ASSET MANAGEMENT Co added | 36,706 | $5M | 0.1% | 2026-Q2 |
| Quaker Wealth Management, LLC added | 36,583 | $5M | 0.1% | 2026-Q2 |
| Waverly Advisors, LLC added | 34,450 | $5M | 0.1% | 2026-Q2 |
| Concurrent Investment Advisors, LLC trimmed | 34,065 | $4M | 0.1% | 2026-Q2 |
| North Forty Two & Co. | 32,707 | $4M | 0.1% | 2026-Q2 |
| Focus Financial Network, Inc. added | 31,826 | $4M | 0.1% | 2026-Q2 |
| Financial Freedom, LLC trimmed | 31,625 | $4M | 0.1% | 2026-Q2 |
| Argentarii, LLC trimmed | 31,576 | $4M | 0.1% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 30,529 | $4M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 30,330 | $4M | 0.1% | 2026-Q2 |
| Elm Partners Management LLC added | 29,352 | $4M | 0.1% | 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.