Who owns VANGUARD EMERGING MARKETS STOCK INDEX FUND (VWO)
Which tracked institutional funds hold VWO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See VWO 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
The tracked-fund tape on VWO is one-sided between 2026-Q1 and 2026-Q2: 1059 added or opened and 223 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
VWO’s largest tracked holder by dollar value, BANK OF AMERICA CORP /DE/, sizes it at 0.6% of its own reported 13F book, while the median holder sizes it at 1.2% of theirs — a 0.7pp gap the other way — the median holder sizes VWO more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in VWO 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 2516 tracked filers holding VWO, 1351 increased or opened the position and 1113 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 VWO 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 69
- LINCOLN NATIONAL CORP$134M
- NewEdge Advisors, LLC$72M
- AXXCESS WEALTH MANAGEMENT, LLC$45M
- Global Retirement Partners, LLC$23M
- Strategic Financial Planning, Inc.$19M
- Cavalier Investments, LLC$18M
Full exits 127
- Betterment LLC$2.9B
- WealthNavi Inc.$870M
- South Dakota Investment Council$575M
- HighTower Advisors, LLC$394M
- Janney Montgomery Scott LLC$113M
- EVOKE WEALTH, LLC$102M
Largest adds
- BANK OF AMERICA CORP /DE/$1.4B
- Financial Engines Advisors L.L.C.$756M
- Vanguard Global Advisers, LLC$518M
- MORGAN STANLEY$413M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$302M
- Wealthfront Advisers LLC$295M
Largest trims
- Kestra Investment Management, LLC$90M
- EP Wealth Advisors, LLC$43M
- Sand Hill Global Advisors, LLC$30M
- Rakuten Investment Management, Inc.$29M
- Private Advisor Group, LLC$25M
- SBI Okasan Asset Management Co.Ltd.$21M
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/ added | 154,196,277 | $9.2B | 13.7% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO trimmed | 77,649,601 | $4.6B | 6.9% | 2026-Q2 |
| Vanguard Global Advisers, LLC added | 56,892,979 | $3.4B | 5.0% | 2026-Q2 |
| MORGAN STANLEY added | 55,839,057 | $3.3B | 4.9% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 48,574,319 | $2.9B | 4.3% | 2026-Q2 |
| Wealthfront Advisers LLC added | 46,521,161 | $2.8B | 4.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 41,004,690 | $2.4B | 3.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 40,194,652 | $2.4B | 3.6% | 2026-Q2 |
| WIT, LLC trimmed | 38,637,529 | $2.3B | 3.4% | 2026-Q2 |
| Empower Advisory Group, LLC added | 35,767,193 | $2.1B | 3.2% | 2026-Q2 |
| Financial Engines Advisors L.L.C. added | 34,713,916 | $2.1B | 3.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. added | 23,275,557 | $1.4B | 2.1% | 2026-Q2 |
| UBS Group AG added | 21,424,092 | $1.3B | 1.9% | 2026-Q2 |
| Creative Planning trimmed | 17,840,334 | $1.1B | 1.6% | 2026-Q2 |
| LPL Financial LLC added | 16,888,649 | $1.0B | 1.5% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV trimmed | 16,554,553 | $988M | 1.5% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 15,727,077 | $939M | 1.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 15,178,994 | $898M | 1.3% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC added | 14,600,410 | $868M | 1.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 14,493,736 | $865M | 1.3% | 2026-Q2 |
| Mariner, LLC added | 14,143,575 | $844M | 1.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 12,893,649 | $776M | 1.2% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC | 12,737,296 | $760M | 1.1% | 2026-Q2 |
| SEI INVESTMENTS CO added | 11,412,104 | $681M | 1.0% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 11,294,205 | $674M | 1.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 10,476,666 | $625M | 0.9% | 2026-Q2 |
| Corient Private Wealth LP added | 8,827,115 | $527M | 0.8% | 2026-Q2 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC added | 7,814,885 | $466M | 0.7% | 2026-Q2 |
| Baird Financial Group, Inc. added | 7,517,951 | $449M | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 7,237,742 | $432M | 0.6% | 2026-Q2 |
| Millburn Ridgefield LLC /DE/ added | 7,055,219 | $421M | 0.6% | 2026-Q2 |
| Catalyst Capital Advisors LLC added | 7,055,219 | $421M | 0.6% | 2026-Q2 |
| Nicholas Hoffman & Company, LLC. added | 6,665,501 | $398M | 0.6% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 6,358,797 | $380M | 0.6% | 2026-Q2 |
| Jasper Ridge Partners, L.P. added | 6,296,257 | $376M | 0.6% | 2026-Q2 |
| EP Wealth Advisors, LLC trimmed | 6,231,229 | $372M | 0.6% | 2026-Q2 |
| REGIONS FINANCIAL CORP added | 6,156,984 | $368M | 0.5% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 5,908,901 | $353M | 0.5% | 2026-Q2 |
| MAI Capital Management added | 5,797,638 | $346M | 0.5% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 5,347,891 | $319M | 0.5% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 5,276,639 | $312M | 0.5% | 2026-Q2 |
| Wealthspire Advisors, LLC added | 5,198,174 | $310M | 0.5% | 2026-Q2 |
| Cetera Investment Advisers added | 5,010,389 | $299M | 0.4% | 2026-Q2 |
| SIGNATUREFD, LLC added | 4,836,001 | $289M | 0.4% | 2026-Q2 |
| Cerity Partners LLC added | 4,827,719 | $273M | 0.4% | 2026-Q2 |
| RWA WEALTH PARTNERS, LLC added | 4,661,139 | $278M | 0.4% | 2026-Q2 |
| Valmark Advisers, Inc. added | 4,626,634 | $276M | 0.4% | 2026-Q2 |
| BlackRock, Inc. added | 4,559,712 | $272M | 0.4% | 2026-Q2 |
| Elm Partners Management LLC trimmed | 4,517,800 | $270M | 0.4% | 2026-Q2 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 4,224,614 | $252M | 0.4% | 2026-Q2 |
| Facet Wealth, Inc. added | 4,214,912 | $252M | 0.4% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 3,809,821 | $227M | 0.3% | 2026-Q2 |
| Focus Partners Wealth added | 3,800,283 | $227M | 0.3% | 2026-Q2 |
| SCS Capital Management LLC trimmed | 3,598,204 | $215M | 0.3% | 2026-Q2 |
| Wedmont Private Capital added | 3,571,670 | $214M | 0.3% | 2026-Q2 |
| BRIDGES INVESTMENT MANAGEMENT INC added | 3,479,278 | $208M | 0.3% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 3,455,905 | $206M | 0.3% | 2026-Q2 |
| BOKF, NA added | 3,409,622 | $204M | 0.3% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ trimmed | 3,384,214 | $202M | 0.3% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 3,268,636 | $195M | 0.3% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 3,121,015 | $186M | 0.3% | 2026-Q2 |
| CAMBRIDGE ASSOCIATES LLC /MA/ /ADV added | 3,083,657 | $184M | 0.3% | 2026-Q2 |
| CHOREO, LLC trimmed | 3,059,881 | $183M | 0.3% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 3,050,055 | $171M | 0.3% | 2026-Q2 |
| NEPC LLC | 3,017,415 | $180M | 0.3% | 2026-Q2 |
| FIFTH THIRD BANCORP trimmed | 2,934,142 | $175M | 0.3% | 2026-Q2 |
| JMG Financial Group, Ltd. trimmed | 2,898,490 | $173M | 0.3% | 2026-Q2 |
| Ballentine Partners, LLC trimmed | 2,831,907 | $169M | 0.3% | 2026-Q2 |
| BLB&B Advisors, LLC added | 2,807,353 | $168M | 0.2% | 2026-Q2 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC added | 2,781,483 | $166M | 0.2% | 2026-Q2 |
| Bridgewater Associates, LP added | 2,746,819 | $164M | 0.2% | 2026-Q2 |
| KEYBANK NATIONAL ASSOCIATION/OH trimmed | 2,648,421 | $158M | 0.2% | 2026-Q2 |
| SOFI WEALTH, LLC added | 2,623,074 | $157M | 0.2% | 2026-Q2 |
| Badgley Phelps Wealth Managers, LLC added | 2,538,203 | $152M | 0.2% | 2026-Q2 |
| M&T Bank Corp trimmed | 2,442,871 | $146M | 0.2% | 2026-Q2 |
| Pure Financial Advisors, LLC added | 2,420,043 | $144M | 0.2% | 2026-Q2 |
| Sand Hill Global Advisors, LLC trimmed | 2,419,156 | $144M | 0.2% | 2026-Q2 |
| SBI Okasan Asset Management Co.Ltd. trimmed | 2,390,940 | $141M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 2,358,858 | $127M | 0.2% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 2,350,597 | $139M | 0.2% | 2026-Q2 |
| Johnson Financial Group, LLC added | 2,337,550 | $140M | 0.2% | 2026-Q2 |
| LINCOLN NATIONAL CORP added | 2,244,009 | $134M | 0.2% | 2026-Q2 |
| Apella Capital, LLC added | 2,010,728 | $118M | 0.2% | 2026-Q2 |
| Fusion Family Wealth, LLC trimmed | 1,996,345 | $119M | 0.2% | 2026-Q2 |
| Pathstone Holdings, LLC added | 1,993,405 | $119M | 0.2% | 2026-Q2 |
| FMR LLC added | 1,983,265 | $118M | 0.2% | 2026-Q2 |
| D.A. DAVIDSON & CO. trimmed | 1,981,139 | $118M | 0.2% | 2026-Q2 |
| CBIZ Investment Advisory Services, LLC | 1,975,017 | $107M | 0.2% | 2026-Q2 |
| Steele Capital Management, Inc. added | 1,972,443 | $118M | 0.2% | 2026-Q2 |
| Beacon Pointe Advisors, LLC trimmed | 1,944,050 | $116M | 0.2% | 2026-Q2 |
| Laird Norton Wetherby Trust Company, LLC added | 1,882,546 | $112M | 0.2% | 2026-Q2 |
| Summit Trail Advisors, LLC trimmed | 1,867,688 | $111M | 0.2% | 2026-Q2 |
| Willis Johnson & Associates, Inc. added | 1,863,216 | $111M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 1,831,710 | $109M | 0.2% | 2026-Q2 |
| COUNTRY TRUST BANK added | 1,801,963 | $108M | 0.2% | 2026-Q2 |
| Composition Wealth, LLC added | 1,778,058 | $106M | 0.2% | 2026-Q2 |
| Freestone Capital Holdings, LLC added | 1,772,775 | $106M | 0.2% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 1,744,133 | $104M | 0.2% | 2026-Q2 |
| TRUIST FINANCIAL CORP trimmed | 1,742,815 | $104M | 0.2% | 2026-Q2 |
| MATHER GROUP, LLC. trimmed | 1,733,161 | $103M | 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.