Who owns 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-Q2 13F filings (latest filed 2026-09-22). 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
The tracked-fund tape on VPL is one-sided between 2026-Q1 and 2026-Q2: 148 added or opened and 40 trimmed or exited — on balance accumulating.
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 6.2% of its own reported 13F book, while the median holder sizes it at 0.3% of theirs — a 6.0pp 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 2026-Q1 and 2026-Q2, across 431 tracked filers holding VPL, 171 increased or opened the position and 220 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 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 20
- GREENWOOD GEARHART LLC$33M
- Stonebridge Financial Group, LLC$28M
- BENJAMIN EDWARDS INC$16M
- Legacy CG, LLC$9M
- NewEdge Advisors, LLC$8M
- CONFLUENCE INVESTMENT MANAGEMENT LLC$7M
Full exits 27
- FLOW TRADERS U.S. LLC$104M
- HighTower Advisors, LLC$98M
- Janney Montgomery Scott LLC$78M
- Nearwater Capital Markets, Ltd$77M
- Smithfield Trust Co$58M
- Efficient Advisors, LLC$40M
Largest adds
- MATHER GROUP, LLC.$134M
- ASSETMARK, INC$45M
- Elm Partners Management LLC$29M
- STIFEL FINANCIAL CORP$29M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$22M
- UBS Group AG$17M
Largest trims
- MORGAN STANLEY$281M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$14M
- SAVA PENZISKO DRUSHTVO A.D. SKOPJE$14M
- AE Wealth Management LLC$7M
- CITADEL ADVISORS LLC$7M
- STATE STREET CORP$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 |
|---|---|---|---|---|
| MATHER GROUP, LLC. added | 6,163,820 | $713M | 20.3% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,793,171 | $207M | 5.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 1,517,720 | $176M | 5.0% | 2026-Q2 |
| Elm Partners Management LLC added | 1,250,547 | $145M | 4.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 1,028,708 | $119M | 3.4% | 2026-Q2 |
| UBS Group AG added | 920,555 | $106M | 3.0% | 2026-Q2 |
| GenTrust, LLC trimmed | 863,654 | $100M | 2.8% | 2026-Q2 |
| LINCOLN NATIONAL CORP trimmed | 740,397 | $86M | 2.4% | 2026-Q2 |
| Haverford Trust Co trimmed | 700,993 | $81M | 2.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 665,407 | $77M | 2.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 642,360 | $74M | 2.1% | 2026-Q2 |
| Prime Capital Investment Advisors, LLC trimmed | 635,287 | $73M | 2.1% | 2026-Q2 |
| Garde Capital, Inc. trimmed | 621,511 | $72M | 2.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 602,096 | $70M | 2.0% | 2026-Q2 |
| Willis Johnson & Associates, Inc. trimmed | 574,694 | $66M | 1.9% | 2026-Q2 |
| STATE STREET CORP trimmed | 553,298 | $64M | 1.8% | 2026-Q2 |
| WestEnd Advisors, LLC trimmed | 521,280 | $60M | 1.7% | 2026-Q2 |
| ASSETMARK, INC added | 519,425 | $60M | 1.7% | 2026-Q2 |
| Cerity Partners LLC trimmed | 442,813 | $51M | 1.5% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 345,180 | $40M | 1.1% | 2026-Q2 |
| Karpus Management, Inc. trimmed | 337,048 | $39M | 1.1% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 312,942 | $36M | 1.0% | 2026-Q2 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 310,162 | $36M | 1.0% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 300,583 | $35M | 1.0% | 2026-Q2 |
| Ballentine Partners, LLC trimmed | 297,985 | $34M | 1.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 297,390 | $34M | 1.0% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 296,456 | $34M | 1.0% | 2026-Q2 |
| GREENWOOD GEARHART LLC new | 287,920 | $33M | 0.9% | 2026-Q2 |
| LPL Financial LLC added | 287,622 | $33M | 0.9% | 2026-Q2 |
| PRESILIUM PRIVATE WEALTH, LLC trimmed | 274,048 | $32M | 0.9% | 2026-Q2 |
| Tanager Wealth Management LLP added | 263,678 | $31M | 0.9% | 2026-Q2 |
| Greenline Partners, LLC | 250,403 | $29M | 0.8% | 2026-Q2 |
| Stonebridge Financial Group, LLC new | 245,394 | $28M | 0.8% | 2026-Q2 |
| Rathbones Group PLC added | 226,397 | $26M | 0.7% | 2026-Q2 |
| Creative Planning added | 209,476 | $24M | 0.7% | 2026-Q2 |
| Silphium Asset Management Ltd | 202,700 | $23M | 0.7% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 197,248 | $23M | 0.7% | 2026-Q2 |
| Addis & Hill, Inc added | 195,404 | $23M | 0.6% | 2026-Q2 |
| Blue Edge Capital, LLC trimmed | 142,212 | $16M | 0.5% | 2026-Q2 |
| BENJAMIN EDWARDS INC new | 141,191 | $16M | 0.5% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 133,590 | $15M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 130,011 | $15M | 0.4% | 2026-Q2 |
| MOLLER WEALTH PARTNERS trimmed | 127,817 | $15M | 0.4% | 2026-Q2 |
| Blue Trust, Inc. added | 125,233 | $14M | 0.4% | 2026-Q2 |
| Arax Advisory Partners added | 121,425 | $14M | 0.4% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 118,762 | $14M | 0.4% | 2026-Q2 |
| Chicago Wealth Management, Inc. added | 114,546 | $13M | 0.4% | 2026-Q2 |
| ATLAS CAPITAL ADVISORS INC. | 111,410 | $11M | 0.3% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 109,775 | $13M | 0.4% | 2026-Q2 |
| AGF MANAGEMENT LTD trimmed | 106,670 | $12M | 0.4% | 2026-Q2 |
| Discipline Wealth Solutions, LLC added | 104,546 | $12M | 0.3% | 2026-Q2 |
| Ameraudi Asset Management, Inc. added | 103,661 | $12M | 0.3% | 2026-Q2 |
| Walkner Condon Financial Advisors LLC added | 96,777 | $11M | 0.3% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 95,827 | $11M | 0.3% | 2026-Q2 |
| NISA INVESTMENT ADVISORS, LLC | 94,000 | $11M | 0.3% | 2026-Q2 |
| Private Wealth Advisors, LLC trimmed | 87,412 | $10M | 0.3% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC added | 85,921 | $10M | 0.3% | 2026-Q2 |
| Zeit Capital LLC trimmed | 82,926 | $10M | 0.3% | 2026-Q2 |
| Sarasin & Partners LLP added | 82,887 | $10M | 0.3% | 2026-Q2 |
| Integris Wealth Management, LLC trimmed | 78,510 | $9M | 0.3% | 2026-Q2 |
| 1 NORTH WEALTH SERVICES LLC added | 76,151 | $9M | 0.3% | 2026-Q2 |
| Capital Investment Counsel, LLC trimmed | 75,285 | $9M | 0.2% | 2026-Q2 |
| Legacy CG, LLC new | 75,193 | $9M | 0.2% | 2026-Q2 |
| FIRST MANHATTAN CO. LLC. added | 74,695 | $9M | 0.2% | 2026-Q2 |
| TD Waterhouse Canada Inc. trimmed | 74,410 | $8M | 0.2% | 2026-Q2 |
| Access Investment Management LLC added | 72,801 | $8M | 0.2% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. trimmed | 71,545 | $8M | 0.2% | 2026-Q2 |
| Regency Capital Management Inc.\DE trimmed | 70,149 | $8M | 0.2% | 2026-Q2 |
| Obsido Oy trimmed | 69,939 | $8M | 0.2% | 2026-Q2 |
| EDMOND DE ROTHSCHILD HOLDING S.A. trimmed | 68,016 | $8M | 0.2% | 2026-Q2 |
| Global Wealth Strategies & Associates added | 67,881 | $8M | 0.2% | 2026-Q2 |
| NewEdge Advisors, LLC trimmed | 66,840 | $8M | 0.2% | 2026-Q2 |
| Oliver Luxxe Assets LLC trimmed | 65,109 | $8M | 0.2% | 2026-Q2 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC new | 60,466 | $7M | 0.2% | 2026-Q2 |
| Ocean Park Asset Management, LLC added | 60,138 | $7M | 0.2% | 2026-Q2 |
| BHK Investment Advisors, LLC trimmed | 55,922 | $6M | 0.2% | 2026-Q2 |
| Robertson Stephens Wealth Management, LLC added | 54,636 | $6M | 0.2% | 2026-Q2 |
| Regatta Research & Money Management new | 51,103 | $6M | 0.2% | 2026-Q2 |
| Jacobs Equity LLC trimmed | 51,042 | $6M | 0.2% | 2026-Q2 |
| MorganRosel Wealth Management, LLC added | 49,598 | $6M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 48,623 | $6M | 0.2% | 2026-Q2 |
| Dynamic Advisor Solutions LLC trimmed | 45,120 | $5M | 0.1% | 2026-Q2 |
| Meridian Wealth Management, LLC trimmed | 44,756 | $5M | 0.1% | 2026-Q2 |
| JPL Wealth Management, LLC trimmed | 43,494 | $5M | 0.1% | 2026-Q2 |
| First Bank & Trust | 43,465 | $5M | 0.1% | 2026-Q2 |
| Madson Wealth Advisors Inc added | 42,807 | $5M | 0.1% | 2026-Q2 |
| CARDIFF PARK ADVISORS, LLC | 41,181 | $5M | 0.1% | 2026-Q2 |
| ROBERTS GLORE & CO INC /IL/ | 40,866 | $5M | 0.1% | 2026-Q2 |
| Cooksen Wealth, LLC added | 36,592 | $4M | 0.1% | 2026-Q2 |
| Cetera Investment Advisers added | 34,584 | $4M | 0.1% | 2026-Q2 |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP trimmed | 34,509 | $4M | 0.1% | 2026-Q2 |
| Segment Wealth Management, LLC added | 34,070 | $4M | 0.1% | 2026-Q2 |
| VANGUARD ADVISERS INC added | 32,253 | $4M | 0.1% | 2026-Q2 |
| HB Wealth Management, LLC trimmed | 32,206 | $4M | 0.1% | 2026-Q2 |
| TD PRIVATE CLIENT WEALTH LLC added | 32,083 | $4M | 0.1% | 2026-Q2 |
| Resolute Advisors LLC trimmed | 31,281 | $4M | 0.1% | 2026-Q2 |
| PARTHENON LLC trimmed | 31,229 | $4M | 0.1% | 2026-Q2 |
| FMR LLC added | 30,411 | $4M | 0.1% | 2026-Q2 |
| Caprock Group, LLC added | 29,606 | $3M | 0.1% | 2026-Q2 |
| SAVA PENZISKO DRUSHTVO A.D. SKOPJE trimmed | 16,029 | $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.