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Institutional Ownership · SEC Form 13F

Who owns VWO (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-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.

2,521
Institutional holders
1,446,943,244
Shares held (tracked funds)

How the tape is positioned

616 tracked funds added or opened VWO while 298 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

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 0.6pp 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 2025-Q4 and 2026-Q1, across 2521 tracked filers holding VWO, 1328 increased or opened the position and 997 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 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 75

  • Vanguard Global Advisers, LLC$2.9B
  • Vanguard Investments Australia, Ltd.$1.2B
  • VANGUARD CAPITAL MANAGEMENT LLC$688M
  • TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC$421M
  • CIBC Bancorp USA Inc.$166M
  • CITADEL ADVISORS LLC$46M

Full exits 73

  • VANGUARD GROUP INC$4.4B
  • OLD MISSION CAPITAL LLC$367M
  • CIBC Private Wealth Group LLC$156M
  • LINCOLN NATIONAL CORP$119M
  • COMERICA BANK$82M
  • NewEdge Advisors, LLC$67M

Largest adds

  • NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$4.3B
  • BANK OF AMERICA CORP /DE/$1.5B
  • ENVESTNET ASSET MANAGEMENT INC$234M
  • AMERIPRISE FINANCIAL INC$188M
  • NORTHERN TRUST CORP$178M
  • REGIONS FINANCIAL CORP$130M

Largest trims

  • TIAA TRUST, NATIONAL ASSOCIATION$431M
  • WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$330M
  • Envestnet Portfolio Solutions, Inc.$227M
  • WELLS FARGO & COMPANY/MN$152M
  • SCHRODER INVESTMENT MANAGEMENT GROUP$116M
  • NATIONAL BANK OF CANADA /FI/$84M

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).

FundSharesReported value% of valueQuarter
BANK OF AMERICA CORP /DE/ added144,806,250$7.8B11.4%2026-Q1
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added80,160,119$4.3B6.3%2026-Q1
MORGAN STANLEY added54,017,258$2.9B4.3%2026-Q1
Betterment LLC trimmed53,371,727$2.9B4.2%2026-Q1
Vanguard Global Advisers, LLC new53,253,654$2.9B4.2%2026-Q1
NORTHERN TRUST CORP added50,333,913$2.7B4.0%2026-Q1
Wealthfront Advisers LLC trimmed45,921,666$2.5B3.6%2026-Q1
WELLS FARGO & COMPANY/MN trimmed42,921,174$2.3B3.4%2026-Q1
WIT, LLC trimmed39,788,338$2.2B3.1%2026-Q1
ENVESTNET ASSET MANAGEMENT INC added39,564,716$2.1B3.1%2026-Q1
Empower Advisory Group, LLC added35,534,123$1.9B2.8%2026-Q1
Financial Engines Advisors L.L.C. trimmed24,347,658$1.3B1.9%2026-Q1
Vanguard Investments Australia, Ltd. new22,308,552$1.2B1.8%2026-Q1
UBS Group AG added21,183,531$1.1B1.7%2026-Q1
Creative Planning trimmed18,221,206$985M1.4%2026-Q1
MERCER GLOBAL ADVISORS INC /ADV added16,593,473$897M1.3%2026-Q1
LPL Financial LLC trimmed16,343,095$883M1.3%2026-Q1
WealthNavi Inc. added16,101,944$870M1.3%2026-Q1
GOLDMAN SACHS GROUP INC added14,802,697$800M1.2%2026-Q1
JPMORGAN CHASE & CO added15,019,712$787M1.1%2026-Q1
Mariner, LLC added14,027,303$758M1.1%2026-Q1
ROYAL BANK OF CANADA added13,962,984$755M1.1%2026-Q1
AMERIPRISE FINANCIAL INC added13,354,926$722M1.1%2026-Q1
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed12,959,833$693M1.0%2026-Q1
VANGUARD CAPITAL MANAGEMENT LLC new12,737,296$688M1.0%2026-Q1
Bank of New York Mellon Corp added11,488,522$621M0.9%2026-Q1
SEI INVESTMENTS CO added11,297,600$611M0.9%2026-Q1
South Dakota Investment Council trimmed10,642,001$575M0.8%2026-Q1
PNC FINANCIAL SERVICES GROUP, INC. added10,454,119$565M0.8%2026-Q1
Corient Private Wealth LLC added8,538,804$455M0.7%2026-Q1
TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new7,780,454$421M0.6%2026-Q1
EP Wealth Advisors, LLC added7,672,486$415M0.6%2026-Q1
RAYMOND JAMES FINANCIAL INC added7,474,703$404M0.6%2026-Q1
HighTower Advisors, LLC added7,281,199$394M0.6%2026-Q1
Baird Financial Group, Inc. added7,028,898$380M0.6%2026-Q1
Catalyst Capital Advisors LLC added7,021,770$380M0.6%2026-Q1
Millburn Ridgefield LLC /DE/ added7,021,770$380M0.6%2026-Q1
Nicholas Hoffman & Company, LLC. added6,630,184$358M0.5%2026-Q1
US BANCORP \DE\ trimmed6,366,278$345M0.5%2026-Q1
STIFEL FINANCIAL CORP added6,181,354$334M0.5%2026-Q1
COMMONWEALTH EQUITY SERVICES, LLC trimmed6,093,454$329M0.5%2026-Q1
REGIONS FINANCIAL CORP added5,772,617$312M0.5%2026-Q1
Jasper Ridge Partners, L.P. added5,692,120$308M0.4%2026-Q1
Wealthspire Advisors, LLC added4,897,422$265M0.4%2026-Q1
Cetera Investment Advisers added4,809,582$260M0.4%2026-Q1
JONES FINANCIAL COMPANIES LLLP added4,846,903$258M0.4%2026-Q1
Valmark Advisers, Inc. added4,599,777$249M0.4%2026-Q1
RWA WEALTH PARTNERS, LLC added4,518,470$244M0.4%2026-Q1
Elm Partners Management LLC added4,632,193$243M0.4%2026-Q1
SIGNATUREFD, LLC added4,473,008$242M0.4%2026-Q1
Cerity Partners LLC added4,201,293$227M0.3%2026-Q1
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added4,125,180$223M0.3%2026-Q1
MAI Capital Management added3,781,532$204M0.3%2026-Q1
Focus Partners Wealth added3,763,098$203M0.3%2026-Q1
Facet Wealth, Inc. added3,735,371$202M0.3%2026-Q1
BlackRock, Inc. trimmed3,637,442$197M0.3%2026-Q1
SCS Capital Management LLC added3,601,987$195M0.3%2026-Q1
BRIDGES INVESTMENT MANAGEMENT INC added3,455,673$187M0.3%2026-Q1
BANK OF MONTREAL /CAN/ added3,439,154$186M0.3%2026-Q1
Wedmont Private Capital added3,280,863$185M0.3%2026-Q1
BOKF, NA added3,385,545$183M0.3%2026-Q1
CHOREO, LLC added3,243,897$175M0.3%2026-Q1
Sand Hill Global Advisors, LLC added3,228,121$174M0.3%2026-Q1
MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed3,184,133$172M0.3%2026-Q1
Rockefeller Capital Management L.P. trimmed3,134,644$169M0.2%2026-Q1
CIBC Bancorp USA Inc. new3,075,741$166M0.2%2026-Q1
NEPC LLC3,017,415$163M0.2%2026-Q1
SBI Okasan Asset Management Co.Ltd. added3,106,050$163M0.2%2026-Q1
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV trimmed3,000,968$162M0.2%2026-Q1
FIFTH THIRD BANCORP added2,941,703$159M0.2%2026-Q1
JMG Financial Group, Ltd. added2,930,327$158M0.2%2026-Q1
MML INVESTORS SERVICES, LLC trimmed2,913,486$157M0.2%2026-Q1
OSAIC HOLDINGS, INC. added2,898,438$157M0.2%2026-Q1
Ballentine Partners, LLC added2,832,034$153M0.2%2026-Q1
VANTAGEPOINT INVESTMENT ADVISERS LLC added2,740,660$148M0.2%2026-Q1
BLB&B Advisors, LLC added2,722,137$147M0.2%2026-Q1
Bridgewater Associates, LP added2,721,740$147M0.2%2026-Q1
KEYBANK NATIONAL ASSOCIATION/OH added2,658,888$144M0.2%2026-Q1
SOFI WEALTH, LLC trimmed2,493,581$135M0.2%2026-Q1
Badgley Phelps Wealth Managers, LLC added2,485,963$134M0.2%2026-Q1
M&T Bank Corp trimmed2,480,565$134M0.2%2026-Q1
Pure Financial Advisors, LLC added2,391,980$129M0.2%2026-Q1
ALLIANCEBERNSTEIN L.P. added2,252,669$121M0.2%2026-Q1
Apella Capital, LLC added1,959,368$116M0.2%2026-Q1
Johnson Financial Group, LLC trimmed2,133,041$115M0.2%2026-Q1
TD Waterhouse Canada Inc. added2,127,370$115M0.2%2026-Q1
Janney Montgomery Scott LLC added2,087,799$113M0.2%2026-Q1
Fusion Family Wealth, LLC added2,071,283$112M0.2%2026-Q1
Beacon Pointe Advisors, LLC added2,008,031$109M0.2%2026-Q1
D.A. DAVIDSON & CO. added1,981,688$107M0.2%2026-Q1
CBIZ Investment Advisory Services, LLC trimmed1,975,017$107M0.2%2026-Q1
Pathstone Holdings, LLC added1,973,093$107M0.2%2026-Q1
Steele Capital Management, Inc. added1,918,432$104M0.2%2026-Q1
FMR LLC added1,913,911$103M0.2%2026-Q1
VANGUARD GROUP INC added81,160,247$4.4B6.4%2025-Q4 stale
OLD MISSION CAPITAL LLC added6,818,703$367M0.5%2025-Q4 stale
Alaska Permanent Fund Corp added5,118,100$232M0.3%2025-Q1 stale
CIBC Private Wealth Group LLC added2,897,248$156M0.2%2025-Q4 stale
LINCOLN NATIONAL CORP added2,214,422$119M0.2%2025-Q4 stale
TEACHER RETIREMENT SYSTEM OF TEXAS2,358,513$107M0.2%2025-Q1 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.

HoldersTotal shares

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.

Learn how to read institutional ownership