Who owns VFIAX
Which tracked institutional funds hold VFIAX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See VFIAX company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-21). 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
12 tracked funds added or opened VFIAX while 7 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
VFIAX’s largest tracked holder by dollar value, FIRST MERCHANTS CORP, sizes it at 5.1% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 4.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in VFIAX 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 29 tracked filers holding VFIAX, 13 increased or opened the position and 24 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 VFIAX 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 3
- Wealthspire Advisors, LLC$6M
- Vermillion Wealth Management, Inc.$5M
- DB Fitzpatrick & Co, Inc$521K
Full exits 7
- Front Street Capital Management, Inc.$6M
- McIlrath & Eck, LLC$4M
- NEVILLE RODIE & SHAW INC$4M
- Coston, McIsaac & Partners$3M
- NORTHSTAR ASSET MANAGEMENT Co$3M
- Kohmann Bosshard Financial Services, LLC$2M
Largest adds
- FIRST MERCHANTS CORP$15M
- Fulton Bank, N.A.$7M
- NORTH STAR ASSET MANAGEMENT INC$2M
- Hemenway Trust Co LLC$2M
- GREAT LAKES ADVISORS, LLC$781K
- BRAUN STACEY ASSOCIATES INC$764K
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 |
|---|---|---|---|---|
| FIRST MERCHANTS CORP trimmed | 207,295 | $143M | 36.8% | 2026-Q2 |
| Fulton Bank, N.A. trimmed | 120,911 | $84M | 21.4% | 2026-Q2 |
| Arvest Bank Trust Division trimmed | 25,777 | $18M | 4.6% | 2026-Q2 |
| NORTH STAR ASSET MANAGEMENT INC added | 21,400 | $15M | 3.8% | 2026-Q2 |
| Hemenway Trust Co LLC | 21,310 | $15M | 3.8% | 2026-Q2 |
| GREAT LAKES ADVISORS, LLC trimmed | 9,713 | $7M | 1.7% | 2026-Q2 |
| Wealthspire Advisors, LLC new | 9,137 | $6M | 1.6% | 2026-Q2 |
| Williams Jones Wealth Management, LLC. trimmed | 8,496 | $6M | 1.5% | 2026-Q2 |
| Vermillion Wealth Management, Inc. trimmed | 7,285 | $5M | 1.3% | 2026-Q2 |
| RIVERBRIDGE PARTNERS LLC trimmed | 7,181 | $5M | 1.3% | 2026-Q2 |
| MOODY LYNN LIEBERSON & WALKER, LLC trimmed | 4,657 | $3M | 0.8% | 2026-Q2 |
| BRAUN STACEY ASSOCIATES INC added | 4,080 | $3M | 0.7% | 2026-Q2 |
| CARRET ASSET MANAGEMENT, LLC trimmed | 3,314 | $2M | 0.6% | 2026-Q2 |
| Violich Capital Management, Inc. trimmed | 2,288 | $2M | 0.4% | 2026-Q2 |
| Ethos Financial Group, LLC trimmed | 1,796 | $1M | 0.3% | 2026-Q2 |
| Grey Fox Wealth Advisors, LLC trimmed | 1,653 | $1M | 0.3% | 2026-Q2 |
| NORTH POINT PORTFOLIO MANAGERS CORP/OH | 1,312 | $908K | 0.2% | 2026-Q2 |
| Dempze Nancy E trimmed | 785 | $543K | 0.1% | 2026-Q2 |
| DB Fitzpatrick & Co, Inc new | 753 | $521K | 0.1% | 2026-Q2 |
| O'Brien Greene & Co. Inc added | 588 | $407K | 0.1% | 2026-Q2 |
| Sippican Capital Advisors added | 557 | $386K | 0.1% | 2026-Q2 |
| KELLEHER FINANCIAL ADVISORS added | 513 | $355K | 0.1% | 2026-Q2 |
| OAKWORTH CAPITAL, INC. added | 408 | $282K | 0.1% | 2026-Q2 |
| Kidder Stephen W | 375 | $259K | 0.1% | 2026-Q2 |
| ROWLANDMILLER & PARTNERS.ADV added | 288 | $199K | 0.1% | 2026-Q2 |
| Estabrook Capital Management added | 273 | $189K | 0.0% | 2026-Q2 |
| Financial Gravity Companies, Inc. added | 186 | $129K | 0.0% | 2026-Q2 |
| Park Place Capital Corp new | 141 | $97K | 0.0% | 2026-Q2 |
| Game Plan Financial Advisors, LLC | 13 | $9K | 0.0% | 2026-Q2 |
| Front Street Capital Management, Inc. trimmed | 10,347 | $6M | 1.6% | 2026-Q1 stale (1 quarter behind) |
| McIlrath & Eck, LLC new | 7,410 | $4M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| NEVILLE RODIE & SHAW INC trimmed | 6,140 | $4M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| Coston, McIsaac & Partners added | 5,496 | $3M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| NORTHSTAR ASSET MANAGEMENT Co added | 4,465 | $3M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| Kohmann Bosshard Financial Services, LLC trimmed | 3,978 | $2M | 0.6% | 2026-Q1 stale (1 quarter behind) |
| Sequent Asset Management, LLC | 1,104 | $665K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| BECK MACK & OLIVER LLC added | 799 | $481K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Redwood Wealth Management Group, LLC added | 791 | $477K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Jackson Wealth Management, LLC added | 392 | $236K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| PSI Advisors, LLC | 380 | $229K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Financial Gravity Asset Management, Inc. trimmed | 177 | $106K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| FERGUSON WELLMAN CAPITAL MANAGEMENT, INC added | 11,924 | $8M | 1.9% | 2025-Q4 stale (2 quarters behind) |
| RFP Financial Group LLC | 2,566 | $2M | 0.4% | 2025-Q4 stale (2 quarters behind) |
| L & S Advisors Inc new | 2,456 | $2M | 0.4% | 2025-Q4 stale (2 quarters behind) |
| Garton & Associates Financial Advisors LLC new | 281 | $177K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Motiv8 Investments LLC new | 9 | $6K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| RESOURCES MANAGEMENT CORP /CT/ /ADV new | 12,081 | $3M | 0.7% | 2025-Q3 stale (3 quarters behind) |
| CARDEROCK CAPITAL MANAGEMENT INC | 4,352 | $3M | 0.7% | 2025-Q3 stale (3 quarters behind) |
| CHICKASAW CAPITAL MANAGEMENT LLC trimmed | 485 | $299K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| ZEVIN ASSET MANAGEMENT LLC trimmed | 348 | $215K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Hurley Capital, LLC trimmed | 71 | $44K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Fifth Third Wealth Advisors LLC added | 38,751 | $22M | 5.7% | 2025-Q2 stale (4 quarters behind) |
| RiverFront Investment Group, LLC added | 6,736 | $4M | 1.0% | 2025-Q2 stale (4 quarters behind) |
| PROFESSIONAL ADVISORY SERVICES INC | 1,966 | $1M | 0.3% | 2025-Q2 stale (4 quarters behind) |
| Grassi Investment Management added | 955 | $547K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Brooklyn Investment Group added | 832 | $476K | 0.1% | 2025-Q2 stale (4 quarters behind) |
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.