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-Q1 13F filings (latest filed 2026-05-18). 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: 6 added or opened and 1770 trimmed or exited — on balance reducing.
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 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.
Full exits 1769
- BANK OF AMERICA CORP /DE/$7.8B
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$4.3B
- MORGAN STANLEY$2.9B
- Betterment LLC$2.9B
- Vanguard Global Advisers, LLC$2.9B
- NORTHERN TRUST CORP$2.7B
Largest adds
- BlackRock, Inc.$76M
- Bridgewater Associates, LP$17M
- FMR LLC$15M
- AQR CAPITAL MANAGEMENT LLC$10M
- TUDOR INVESTMENT CORP ET AL$3M
- RENAISSANCE TECHNOLOGIES LLC$1M
Largest trims
- WELLINGTON MANAGEMENT GROUP LLP$839K
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 |
|---|---|---|---|---|
| BANK OF AMERICA CORP /DE/ added | 144,806,250 | $7.8B | 11.4% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 80,160,119 | $4.3B | 6.3% | 2026-Q1 |
| MORGAN STANLEY added | 54,017,258 | $2.9B | 4.3% | 2026-Q1 |
| Betterment LLC trimmed | 53,371,727 | $2.9B | 4.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 53,253,654 | $2.9B | 4.2% | 2026-Q1 |
| NORTHERN TRUST CORP added | 50,333,913 | $2.7B | 4.0% | 2026-Q1 |
| Wealthfront Advisers LLC trimmed | 45,921,666 | $2.5B | 3.6% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 42,921,174 | $2.3B | 3.4% | 2026-Q1 |
| WIT, LLC trimmed | 39,788,338 | $2.2B | 3.1% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 39,564,716 | $2.1B | 3.1% | 2026-Q1 |
| Empower Advisory Group, LLC added | 35,534,123 | $1.9B | 2.8% | 2026-Q1 |
| Financial Engines Advisors L.L.C. trimmed | 24,347,658 | $1.3B | 1.9% | 2026-Q1 |
| Vanguard Investments Australia, Ltd. new | 22,308,552 | $1.2B | 1.8% | 2026-Q1 |
| UBS Group AG added | 21,183,531 | $1.1B | 1.7% | 2026-Q1 |
| Creative Planning trimmed | 18,221,206 | $985M | 1.4% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 16,593,473 | $897M | 1.3% | 2026-Q1 |
| LPL Financial LLC trimmed | 16,343,095 | $883M | 1.3% | 2026-Q1 |
| WealthNavi Inc. added | 16,101,944 | $870M | 1.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 14,802,697 | $800M | 1.2% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 15,019,712 | $787M | 1.1% | 2026-Q1 |
| Mariner, LLC added | 14,027,303 | $758M | 1.1% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 13,962,984 | $755M | 1.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 13,354,926 | $722M | 1.1% | 2026-Q1 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC trimmed | 12,959,833 | $693M | 1.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 12,737,296 | $688M | 1.0% | 2026-Q1 |
| Bank of New York Mellon Corp added | 11,488,522 | $621M | 0.9% | 2026-Q1 |
| SEI INVESTMENTS CO added | 11,297,600 | $611M | 0.9% | 2026-Q1 |
| South Dakota Investment Council trimmed | 10,642,001 | $575M | 0.8% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 10,454,119 | $565M | 0.8% | 2026-Q1 |
| Corient Private Wealth LLC added | 8,538,804 | $455M | 0.7% | 2026-Q1 |
| TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC new | 7,780,454 | $421M | 0.6% | 2026-Q1 |
| EP Wealth Advisors, LLC added | 7,672,486 | $415M | 0.6% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 7,474,703 | $404M | 0.6% | 2026-Q1 |
| HighTower Advisors, LLC added | 7,281,199 | $394M | 0.6% | 2026-Q1 |
| Baird Financial Group, Inc. added | 7,028,898 | $380M | 0.6% | 2026-Q1 |
| Millburn Ridgefield LLC /DE/ added | 7,021,770 | $380M | 0.6% | 2026-Q1 |
| Catalyst Capital Advisors LLC added | 7,021,770 | $380M | 0.6% | 2026-Q1 |
| Nicholas Hoffman & Company, LLC. added | 6,630,184 | $358M | 0.5% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 6,366,278 | $345M | 0.5% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 6,181,354 | $334M | 0.5% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 6,093,454 | $329M | 0.5% | 2026-Q1 |
| REGIONS FINANCIAL CORP added | 5,772,617 | $312M | 0.5% | 2026-Q1 |
| Jasper Ridge Partners, L.P. added | 5,692,120 | $308M | 0.4% | 2026-Q1 |
| BlackRock, Inc. added | 4,559,712 | $272M | 0.4% | 2026-Q2 |
| Wealthspire Advisors, LLC added | 4,897,422 | $265M | 0.4% | 2026-Q1 |
| Cetera Investment Advisers added | 4,809,582 | $260M | 0.4% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 4,846,903 | $258M | 0.4% | 2026-Q1 |
| Valmark Advisers, Inc. added | 4,599,777 | $249M | 0.4% | 2026-Q1 |
| RWA WEALTH PARTNERS, LLC added | 4,518,470 | $244M | 0.4% | 2026-Q1 |
| Elm Partners Management LLC added | 4,632,193 | $243M | 0.4% | 2026-Q1 |
| SIGNATUREFD, LLC added | 4,473,008 | $242M | 0.4% | 2026-Q1 |
| Cerity Partners LLC added | 4,201,293 | $227M | 0.3% | 2026-Q1 |
| CLIFTONLARSONALLEN WEALTH ADVISORS, LLC added | 4,125,180 | $223M | 0.3% | 2026-Q1 |
| MAI Capital Management added | 3,781,532 | $204M | 0.3% | 2026-Q1 |
| Focus Partners Wealth added | 3,763,098 | $203M | 0.3% | 2026-Q1 |
| Facet Wealth, Inc. added | 3,735,371 | $202M | 0.3% | 2026-Q1 |
| SCS Capital Management LLC added | 3,601,987 | $195M | 0.3% | 2026-Q1 |
| BRIDGES INVESTMENT MANAGEMENT INC added | 3,455,673 | $187M | 0.3% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 3,439,154 | $186M | 0.3% | 2026-Q1 |
| Wedmont Private Capital added | 3,280,863 | $185M | 0.3% | 2026-Q1 |
| BOKF, NA added | 3,385,545 | $183M | 0.3% | 2026-Q1 |
| CHOREO, LLC added | 3,243,897 | $175M | 0.3% | 2026-Q1 |
| Sand Hill Global Advisors, LLC added | 3,228,121 | $174M | 0.3% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 3,184,133 | $172M | 0.3% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 3,134,644 | $169M | 0.2% | 2026-Q1 |
| CIBC Bancorp USA Inc. new | 3,075,741 | $166M | 0.2% | 2026-Q1 |
| Bridgewater Associates, LP added | 2,746,819 | $164M | 0.2% | 2026-Q2 |
| NEPC LLC | 3,017,415 | $163M | 0.2% | 2026-Q1 |
| SBI Okasan Asset Management Co.Ltd. added | 3,106,050 | $163M | 0.2% | 2026-Q1 |
| CAMBRIDGE ASSOCIATES LLC /MA/ /ADV trimmed | 3,000,968 | $162M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 2,941,703 | $159M | 0.2% | 2026-Q1 |
| JMG Financial Group, Ltd. added | 2,930,327 | $158M | 0.2% | 2026-Q1 |
| MML INVESTORS SERVICES, LLC trimmed | 2,913,486 | $157M | 0.2% | 2026-Q1 |
| OSAIC HOLDINGS, INC. added | 2,898,438 | $157M | 0.2% | 2026-Q1 |
| Ballentine Partners, LLC added | 2,832,034 | $153M | 0.2% | 2026-Q1 |
| VANTAGEPOINT INVESTMENT ADVISERS LLC added | 2,740,660 | $148M | 0.2% | 2026-Q1 |
| BLB&B Advisors, LLC added | 2,722,137 | $147M | 0.2% | 2026-Q1 |
| KEYBANK NATIONAL ASSOCIATION/OH added | 2,658,888 | $144M | 0.2% | 2026-Q1 |
| SOFI WEALTH, LLC trimmed | 2,493,581 | $135M | 0.2% | 2026-Q1 |
| Badgley Phelps Wealth Managers, LLC added | 2,485,963 | $134M | 0.2% | 2026-Q1 |
| M&T Bank Corp trimmed | 2,480,565 | $134M | 0.2% | 2026-Q1 |
| Pure Financial Advisors, LLC added | 2,391,980 | $129M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 2,252,669 | $121M | 0.2% | 2026-Q1 |
| FMR LLC added | 1,983,265 | $118M | 0.2% | 2026-Q2 |
| Apella Capital, LLC added | 1,959,368 | $116M | 0.2% | 2026-Q1 |
| Johnson Financial Group, LLC trimmed | 2,133,041 | $115M | 0.2% | 2026-Q1 |
| TD Waterhouse Canada Inc. added | 2,127,370 | $115M | 0.2% | 2026-Q1 |
| Janney Montgomery Scott LLC added | 2,087,799 | $113M | 0.2% | 2026-Q1 |
| Fusion Family Wealth, LLC added | 2,071,283 | $112M | 0.2% | 2026-Q1 |
| Beacon Pointe Advisors, LLC added | 2,008,031 | $109M | 0.2% | 2026-Q1 |
| D.A. DAVIDSON & CO. added | 1,981,688 | $107M | 0.2% | 2026-Q1 |
| CBIZ Investment Advisory Services, LLC trimmed | 1,975,017 | $107M | 0.2% | 2026-Q1 |
| Pathstone Holdings, LLC added | 1,973,093 | $107M | 0.2% | 2026-Q1 |
| Steele Capital Management, Inc. added | 1,918,432 | $104M | 0.2% | 2026-Q1 |
| VANGUARD GROUP INC added | 81,373,362 | $4.4B | 6.4% | 2025-Q4 stale |
| OLD MISSION CAPITAL LLC added | 6,818,703 | $367M | 0.5% | 2025-Q4 stale |
| Alaska Permanent Fund Corp added | 5,118,100 | $232M | 0.3% | 2025-Q1 stale |
| CIBC Private Wealth Group LLC added | 2,897,248 | $156M | 0.2% | 2025-Q4 stale |
| LINCOLN NATIONAL CORP added | 2,214,422 | $119M | 0.2% | 2025-Q4 stale |
| TEACHER RETIREMENT SYSTEM OF TEXAS | 2,358,513 | $107M | 0.2% | 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.
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.