Who owns VPL (VPL)
Which tracked institutional funds hold VPL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See VPL 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
114 tracked funds added or opened VPL while 61 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
VPL’s largest tracked holder by dollar value, MATHER GROUP, LLC., sizes it at 5.8% of its own reported 13F book, while the median holder sizes it at 0.4% 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 VPL 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 426 tracked filers holding VPL, 167 increased or opened the position and 204 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 VPL 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 28
- Nearwater Capital Markets, Ltd$77M
- Willis Johnson & Associates, Inc.$60M
- Chicago Wealth Management, Inc.$11M
- CENTAURUS FINANCIAL, INC.$7M
- Global Wealth Strategies & Associates$6M
- MorganRosel Wealth Management, LLC$5M
Full exits 16
- Penserra Capital Management LLC$26M
- Henson-Edgewater Management, LLC$17M
- Blue Edge Capital, LLC$12M
- Q3 Asset Management$10M
- NewEdge Advisors, LLC$7M
- ABC ARBITRAGE SA$6M
Largest adds
- MORGAN STANLEY$309M
- MATHER GROUP, LLC.$37M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$26M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$11M
- UBS Group AG$10M
- WELLS FARGO & COMPANY/MN$9M
Largest trims
- BANK OF AMERICA CORP /DE/$138M
- JANE STREET GROUP, LLC$134M
- WestEnd Advisors, LLC$105M
- ENVESTNET ASSET MANAGEMENT INC$104M
- RAYMOND JAMES FINANCIAL INC$99M
- Janney Montgomery Scott LLC$88M
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 |
|---|---|---|---|---|
| MATHER GROUP, LLC. trimmed | 5,921,734 | $579M | 15.3% | 2026-Q1 |
| MORGAN STANLEY added | 5,000,288 | $489M | 13.0% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,575,597 | $154M | 4.1% | 2026-Q1 |
| Elm Partners Management LLC added | 1,225,262 | $116M | 3.1% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,073,200 | $105M | 2.8% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 1,065,470 | $104M | 2.8% | 2026-Q1 |
| HighTower Advisors, LLC trimmed | 1,003,358 | $98M | 2.6% | 2026-Q1 |
| GenTrust, LLC added | 932,861 | $91M | 2.4% | 2026-Q1 |
| UBS Group AG added | 914,299 | $89M | 2.4% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 800,944 | $78M | 2.1% | 2026-Q1 |
| Nearwater Capital Markets, Ltd new | 787,900 | $77M | 2.0% | 2026-Q1 |
| LINCOLN NATIONAL CORP trimmed | 773,843 | $76M | 2.0% | 2026-Q1 |
| Haverford Trust Co trimmed | 763,251 | $75M | 2.0% | 2026-Q1 |
| STATE STREET CORP trimmed | 703,898 | $69M | 1.8% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 683,065 | $67M | 1.8% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 676,823 | $66M | 1.8% | 2026-Q1 |
| Prime Capital Investment Advisors, LLC trimmed | 654,600 | $64M | 1.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 631,389 | $62M | 1.6% | 2026-Q1 |
| Garde Capital, Inc. trimmed | 626,979 | $61M | 1.6% | 2026-Q1 |
| Willis Johnson & Associates, Inc. added | 618,045 | $60M | 1.6% | 2026-Q1 |
| Smithfield Trust Co trimmed | 599,049 | $58M | 1.5% | 2026-Q1 |
| WestEnd Advisors, LLC trimmed | 574,734 | $56M | 1.5% | 2026-Q1 |
| Cerity Partners LLC trimmed | 445,929 | $44M | 1.2% | 2026-Q1 |
| Efficient Advisors, LLC trimmed | 408,006 | $40M | 1.1% | 2026-Q1 |
| Karpus Management, Inc. trimmed | 367,821 | $36M | 1.0% | 2026-Q1 |
| FACTORY MUTUAL INSURANCE CO | 350,000 | $34M | 0.9% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 318,003 | $30M | 0.8% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 306,566 | $30M | 0.8% | 2026-Q1 |
| Ballentine Partners, LLC | 299,357 | $29M | 0.8% | 2026-Q1 |
| PRESILIUM PRIVATE WEALTH, LLC trimmed | 283,440 | $28M | 0.7% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 281,318 | $27M | 0.7% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 276,492 | $27M | 0.7% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 269,199 | $26M | 0.7% | 2026-Q1 |
| LPL Financial LLC trimmed | 262,341 | $26M | 0.7% | 2026-Q1 |
| Tanager Wealth Management LLP added | 251,946 | $25M | 0.7% | 2026-Q1 |
| Greenline Partners, LLC trimmed | 250,403 | $24M | 0.6% | 2026-Q1 |
| Rathbones Group PLC added | 216,154 | $21M | 0.6% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 214,527 | $21M | 0.6% | 2026-Q1 |
| Creative Planning trimmed | 209,099 | $20M | 0.5% | 2026-Q1 |
| Silphium Asset Management Ltd added | 202,700 | $20M | 0.5% | 2026-Q1 |
| Addis & Hill, Inc added | 193,969 | $19M | 0.5% | 2026-Q1 |
| SAVA PENZISKO DRUSHTVO A.D. SKOPJE | 176,230 | $17M | 0.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 174,175 | $17M | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 155,945 | $15M | 0.4% | 2026-Q1 |
| Main Management ETF Advisors, LLC added | 155,805 | $15M | 0.4% | 2026-Q1 |
| ASSETMARK, INC trimmed | 149,401 | $15M | 0.4% | 2026-Q1 |
| Corient Private Wealth LLC added | 196,395 | $13M | 0.3% | 2026-Q1 |
| MOLLER WEALTH PARTNERS trimmed | 129,203 | $13M | 0.3% | 2026-Q1 |
| Blue Trust, Inc. trimmed | 124,982 | $12M | 0.3% | 2026-Q1 |
| WealthBridge Investment Counsel Inc. added | 122,565 | $12M | 0.3% | 2026-Q1 |
| AGF MANAGEMENT LTD trimmed | 121,485 | $12M | 0.3% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 121,366 | $12M | 0.3% | 2026-Q1 |
| Evelyn Partners Asset Management Ltd added | 121,019 | $12M | 0.3% | 2026-Q1 |
| Chicago Wealth Management, Inc. new | 112,084 | $11M | 0.3% | 2026-Q1 |
| ATLAS CAPITAL ADVISORS INC. added | 111,410 | $11M | 0.3% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 110,021 | $11M | 0.3% | 2026-Q1 |
| CIBC WORLD MARKET INC. added | 109,030 | $11M | 0.3% | 2026-Q1 |
| NISA INVESTMENT ADVISORS, LLC | 94,000 | $9M | 0.2% | 2026-Q1 |
| Private Wealth Advisors, LLC trimmed | 89,845 | $9M | 0.2% | 2026-Q1 |
| Walkner Condon Financial Advisors LLC trimmed | 89,721 | $9M | 0.2% | 2026-Q1 |
| Ameraudi Asset Management, Inc. trimmed | 85,025 | $8M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 84,906 | $8M | 0.2% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC trimmed | 84,824 | $8M | 0.2% | 2026-Q1 |
| Zeit Capital LLC trimmed | 84,279 | $8M | 0.2% | 2026-Q1 |
| Discipline Wealth Solutions, LLC added | 82,868 | $8M | 0.2% | 2026-Q1 |
| Integris Wealth Management, LLC trimmed | 81,059 | $8M | 0.2% | 2026-Q1 |
| Oliver Luxxe Assets LLC added | 78,447 | $8M | 0.2% | 2026-Q1 |
| AE Wealth Management LLC added | 76,319 | $7M | 0.2% | 2026-Q1 |
| 1 NORTH WEALTH SERVICES LLC trimmed | 76,032 | $7M | 0.2% | 2026-Q1 |
| Capital Investment Counsel, LLC trimmed | 75,934 | $7M | 0.2% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 74,437 | $7M | 0.2% | 2026-Q1 |
| FIRST MANHATTAN CO. LLC. added | 73,727 | $7M | 0.2% | 2026-Q1 |
| Regency Capital Management Inc.\DE added | 72,425 | $7M | 0.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 71,621 | $7M | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. trimmed | 40,429 | $7M | 0.2% | 2026-Q1 |
| Obsido Oy trimmed | 71,251 | $7M | 0.2% | 2026-Q1 |
| Access Investment Management LLC added | 68,345 | $7M | 0.2% | 2026-Q1 |
| EDMOND DE ROTHSCHILD HOLDING S.A. | 68,331 | $7M | 0.2% | 2026-Q1 |
| CENTAURUS FINANCIAL, INC. added | 66,789 | $7M | 0.2% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 63,974 | $6M | 0.2% | 2026-Q1 |
| Jacobs Equity LLC added | 53,585 | $6M | 0.2% | 2026-Q1 |
| Global Wealth Strategies & Associates added | 59,903 | $6M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP trimmed | 59,185 | $6M | 0.2% | 2026-Q1 |
| BHK Investment Advisors, LLC trimmed | 57,350 | $6M | 0.1% | 2026-Q1 |
| Robertson Stephens Wealth Management, LLC trimmed | 54,549 | $5M | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 52,203 | $5M | 0.1% | 2026-Q1 |
| MorganRosel Wealth Management, LLC new | 48,846 | $5M | 0.1% | 2026-Q1 |
| Cambridge Investment Research Advisors, Inc. added | 48,431 | $5M | 0.1% | 2026-Q1 |
| Sarasin & Partners LLP new | 46,541 | $5M | 0.1% | 2026-Q1 |
| Penserra Capital Management LLC trimmed | 282,494 | $26M | 0.7% | 2025-Q4 stale |
| Henson-Edgewater Management, LLC new | 192,466 | $17M | 0.5% | 2025-Q4 stale |
| Capitolis Liquid Global Markets LLC trimmed | 148,500 | $13M | 0.3% | 2025-Q3 stale |
| Blue Edge Capital, LLC added | 132,020 | $12M | 0.3% | 2025-Q4 stale |
| University of Maryland Foundation, Inc. trimmed | 140,307 | $12M | 0.3% | 2025-Q2 stale |
| Q3 Asset Management added | 111,162 | $10M | 0.3% | 2025-Q4 stale |
| Latigo Investments, LLC | 105,826 | $9M | 0.2% | 2025-Q2 stale |
| NewEdge Advisors, LLC added | 77,291 | $7M | 0.2% | 2025-Q4 stale |
| ABC ARBITRAGE SA added | 66,994 | $6M | 0.2% | 2025-Q4 stale |
| Kingsview Wealth Management, LLC added | 65,895 | $6M | 0.2% | 2025-Q3 stale |
| Redhawk Wealth Advisors, Inc. trimmed | 55,319 | $5M | 0.1% | 2025-Q3 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.