Reported 1,028,032 shares, up 341,049 (49.6%) from the prior quarter.
Reported value 53.7%; share count 49.6% vs. the prior quarter.
Reported position value by quarter
Each bar is a Form 13-F quarter-end snapshot. It does not show trades made within the quarter.
| Date | Holding Value |
|---|---|
| 2023-09-30 | 37134876 |
| 2023-12-31 | 37812881 |
| 2024-03-31 | 39681211 |
| 2024-06-30 | 39343264 |
| 2024-09-30 | 42366926 |
| 2024-12-31 | 38704798 |
| 2025-03-31 | 40944273 |
| 2025-06-30 | 46956735 |
| 2025-09-30 | 50465741 |
| 2025-12-31 | 77554768 |
| 2026-03-31 | 77172622 |
| 2026-06-30 | 85076158 |
| 2026-09-30 | 92966811 |
Quarterly position history
How this manager's reported quarter-end position changed over time.
| Quarter | Activity | Shares | Change | % of reported 13F | Reported value | Filed | Source filing |
|---|---|---|---|---|---|---|---|
| Q3 2026 | Added | 1,094,242 | +99,083 (10.0%) | 5.49% | $92,966,811 | 2026-10-30 | |
| Q2 2026 | Reduced | 995,159 | -5,653 (-0.6%) | 8.11% | $85,076,158 | 2026-07-24 | |
| Q1 2026 | Reduced | 1,000,812 | -27,220 (-2.6%) | 8.17% | $77,172,622 | 2026-04-20 | |
| Q4 2025 | Added | 1,028,032 | +341,049 (49.6%) | 8.6% | $77,554,768 | 2026-01-26 | |
| Q3 2025 | Added | 686,983 | +7,337 (1.1%) | 6.52% | $50,465,741 | 2025-11-12 | |
| Q2 2025 | Added | 679,646 | +20,318 (3.1%) | 6.75% | $46,956,735 | 2025-08-15 | |
| Q1 2025 | Added | 659,328 | +2,535 (0.4%) | 5.89% | $40,944,273 | 2025-08-15 | |
| Q4 2024 | Added | 656,793 | +2,376 (0.4%) | 5.0% | $38,704,798 | 2025-08-15 | |
| Q3 2024 | Added | 654,417 | +1,958 (0.3%) | 5.29% | $42,366,926 | 2025-08-15 | |
| Q2 2024 | Reduced | 652,459 | -5,604 (-0.9%) | 5.5% | $39,343,264 | 2025-08-15 | |
| Q1 2024 | Added | 658,063 | +5,667 (0.9%) | 5.58% | $39,681,211 | 2025-08-15 | |
| Q4 2023 | Reduced | 652,396 | -41,454 (-6.0%) | 5.1% | $37,812,881 | 2025-08-15 | |
| Q3 2023 | New | 693,850 | +693,850 (0.0%) | 6.0% | $37,134,876 | 2025-08-15 |
Who else reported the position
1711 managers reported VANGUARD STAR FDS for Q4 2025.
| Manager | Activity | Shares | Change | % of reported 13F | Reported value | Tenure |
|---|---|---|---|---|---|---|
| VANGUARD GROUP INC | Added | 87,491,307 | +3,056,564 | 0.1% | $6,600,342,954 | 12 qtrs |
| Bank of America Corporation | Added | 19,938,014 | +464,955 | 0.11% | $1,504,123,790 | 51 qtrs |
| MORGAN STANLEY | Added | 16,494,667 | +4,651,939 | 0.07% | $1,244,357,737 | 51 qtrs |
| Rakuten Investment Management Inc | Unchanged | 15,070,900 | 0 | 3.71% | $1,102,285,626 | 2 qtrs |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | 11,876,876 | -340,105 | 0.27% | $895,991,520 | 51 qtrs |
| FLOW TRADERS U S LLC | New | 11,030,823 | +11,030,823 | 27.27% | $832,165,000 | 1 qtr |
| HB Wealth Management LLC | Added | 7,608,929 | +399,897 | 3.69% | $570,764,920 | 17 qtrs |
| Cetera Investment Advisers | Added | 6,538,784 | +4,632 | 0.54% | $493,285,910 | 40 qtrs |
| Cambridge Investment Research Advisors Inc | Reduced | 6,359,382 | -22,229 | 1.27% | $479,752,000 | 51 qtrs |
| Wealthspire Advisors LLC | Reduced | 5,883,288 | -5,148,868 | 3.53% | $443,835,233 | 29 qtrs |
Filing details and methodology As reported
- Report period
- December 31, 2025
- Filed
- January 26, 2026
- Filing type
- 13F-HR
- Position type
- VG TL INTL STK F
Voting authority reported
- Sole
- 1,028,032
- Shared
- 0
- None
- 0
“None” means the manager reported no voting authority for those shares on non-routine matters. It does not disclose why and is not evidence of securities lending.
Form 13-F is a delayed quarter-end snapshot of disclosed long Section 13(f) securities. It can be filed up to 45 days after quarter end, excludes short positions and most non-U.S. securities, and does not reveal intra-quarter trading. For options, reported shares and value describe the underlying-share exposure; strike, expiry, premium, and written positions are not disclosed.