Vestmark Advisory Solutions, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Vestmark Advisory Solutions, Inc. reported 1,325 stock positions worth $9.0 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 2.9% of the portfolio, followed by JPMorgan Betabuilders US Equ (BBUS, 2.3%) and Dimensional US Core Equity 2 (DFAC, 2.2%). Compared with Q4 2025, it opened 192 new positions, sold out of 106, added to 677 and reduced 423. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +1983%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- Wakefield, MA
- CIK
- 0001736982
- Portfolio Value
- $9.0B (Q1 2026)
- SEC Filing
- 0001172661-26-002206 ↗ filed May 15, 2026
Holdings Value
Holdings 1,325 stocks · $9.0B
| VTI VG Morningstar TS MKT ETF-US | 2.87% | 806,789 | $258.8M | Add +12.8% |
| BBUS JPMorgan Betabuilders US Equ | 2.33% | 1,796,375 | $210.5M | Add +5.2% |
| DFAC Dimensional US Core Equity 2 | 2.17% | 5,037,164 | $195.7M | Add +5.2% |
| AAPL Apple Inc. | 1.73% | 614,264 | $155.9M | Add +35.5% |
| NVDA Nvidia Corp. | 1.49% | 773,025 | $134.8M | Add +25.0% |
| VXUS Vanguard Total Intl Stock | 1.49% | 1,743,723 | $134.5M | Reduce -3.1% |
| BND Vanguard Total Bond Market | 1.49% | 1,825,484 | $134.4M | Add +2.1% |
| VOO Vanguard S&P 500 ETF | 1.44% | 216,680 | $129.5M | Reduce -30.3% |
| GLD SPDR Gold Shares | 1.38% | 288,898 | $124.3M | Add +42.4% |
| MSFT Microsoft Corp. | 1.30% | 315,717 | $116.9M | Add +23.7% |
| JCPB JPMorgan Core Plus Bond ETF | 1.22% | 2,339,155 | $110.1M | Add +13.4% |
| JIRE JPMorgan Int Res Enh Eqty | 1.02% | 1,215,729 | $92.1M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 0.98% | 424,173 | $88.3M | Add +24.0% |
| DGCB Dimensional Global Credit | 0.93% | 1,541,232 | $83.4M | Add +0.2% |
| GOOGL Alphabet Inc. Class A | 0.90% | 283,730 | $81.6M | Add +43.1% |
| JBND JPMorgan Active Bond ETF | 0.89% | 1,497,064 | $80.5M | Add +6.3% |
| JAVA JPMorgan Active Value ETF | 0.87% | 1,098,170 | $78.8M | Add +75.7% |
| VEA Vanguard Ftse Developed ETF | 0.78% | 1,101,228 | $70.6M | Add +106.7% |
| XOM Exxon Mobil Corp. | 0.76% | 401,666 | $68.1M | Add +36.5% |
| AVGO Broadcom Inc. | 0.74% | 216,720 | $67.1M | Add +27.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.72% | 148,047 | $64.7M | Add +1983.4% |
| DFIC Dimensional International Co. | 0.68% | 1,736,974 | $61.7M | Add +39.9% |
| IEMG iShares Core MSCI Emerging | 0.63% | 818,382 | $57.1M | Add +8.1% |
| BNDX Vanguard Total Intl Bond ETF | 0.62% | 1,163,269 | $55.9M | Add +9.4% |
| AGG iShares Core U.S. Aggregate | 0.59% | 533,901 | $53.0M | Add +1.3% |
| DFSV Dimensional US Small Cap Val | 0.58% | 1,487,000 | $52.1M | Add +3.7% |
| RDVY First Trust Rising Dividend | 0.56% | 742,642 | $50.7M | Add +1611.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.55% | 86,257 | $49.8M | Add +924.7% |
| BSV Vanguard Short-Term Bond ETF | 0.55% | 633,874 | $49.7M | Add +3.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.55% | 75,834 | $49.3M | Add +50.1% |
| JPM JPMorgan Chase & Co. | 0.55% | 167,181 | $49.2M | Add +51.6% |
| INMU iShares Intermediate Muni Inc. | 0.54% | 2,040,791 | $48.8M | New |
| DUHP Dimensional US High Profi Et | 0.53% | 1,311,124 | $48.2M | Add +5.3% |
| SPAB SS SPDR P Agg Bond ETF | 0.53% | 1,860,597 | $47.7M | Add +27.4% |
| LLY Eli Lilly & Co. | 0.53% | 51,543 | $47.4M | Add +52.7% |
| META Meta Platforms Inc. Class A | 0.52% | 82,479 | $47.2M | Add +14.5% |
| DFGP Dimensional GLBL Core PL Fix | 0.51% | 857,514 | $46.3M | Add +1.9% |
| JGLO JPMorgan GLBL SLCT Eq ETF | 0.51% | 699,900 | $45.7M | Add +5.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.50% | 230,910 | $45.3M | Add +421.7% |
| AVLV Avantis US Large Cap Value | 0.49% | 549,655 | $44.3M | New |
| JGRO JPMorgan Active Growth ETF | 0.49% | 523,889 | $44.3M | Reduce -14.1% |
| HD Home Depot Inc. | 0.49% | 134,373 | $44.2M | Add +250.7% |
| TFI SS SPDR N Ice Muni Bond ETF | 0.47% | 944,563 | $42.8M | New |
| AVUS Avantis U.S. Equity ETF | 0.47% | 380,203 | $42.3M | Add +7.7% |
| SDVY First Trust Smid Cap Rising | 0.45% | 1,029,951 | $40.6M | Add +14036.0% |
| THRO iShares U.S. Thematic Rotati | 0.45% | 1,117,676 | $40.5M | Add +2458.9% |
| CGHM Cap Group Muni High-Income | 0.44% | 1,550,174 | $39.3M | Add +11.8% |
| EPD Enterprise Products Partners | 0.43% | 1,030,490 | $39.0M | Add +1.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.40% | 126,900 | $36.4M | Add +33.2% |
| TSLA Tesla Inc. | 0.40% | 97,735 | $36.3M | Add +14.2% |
| DGRO iShares Core Dividend Growth | 0.40% | 517,276 | $36.3M | Reduce -4.5% |
| JNJ Johnson & Johnson | 0.40% | 146,644 | $35.8M | Add +17.3% |
| LSGR Natixis Loomis Focused Grwth | 0.40% | 906,908 | $35.7M | New |
| JEMA JPMorgan Activebuilders Emer | 0.39% | 682,876 | $35.5M | Reduce -4.6% |
| CGMU Cap Group Municipal Income | 0.39% | 1,308,427 | $35.5M | Add +13.8% |
| VCIT Vanguard Int-Term Corporate | 0.38% | 419,322 | $34.7M | Add +22.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.38% | 382,253 | $34.6M | Reduce -9.6% |
| DFEM Dimensional Emrg MRKT Core | 0.38% | 999,519 | $34.5M | Add +96.4% |
| VT Vanguard Tot World STK ETF | 0.38% | 245,838 | $34.0M | Add +16680.8% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.38% | 584,007 | $34.0M | Add +702.2% |
| IVV iShares Core S&P 500 ETF | 0.37% | 51,747 | $33.8M | Add +35.8% |
| IJR iShares Core S&P Small-Cap E | 0.35% | 252,074 | $31.3M | Add +3.8% |
| QUAL iShares MSCI USA Quality Fac | 0.34% | 161,547 | $31.0M | Add +236.2% |
| IVE iShares S&P 500 Value ETF | 0.32% | 134,765 | $28.5M | Add +4.9% |
| WMT Walmart Inc. | 0.31% | 226,164 | $28.1M | Add +129.8% |
| ABBV Abbvie Inc. | 0.31% | 127,510 | $27.7M | Add +31.1% |
| TLT iShares 20+ Year Treasury BD | 0.30% | 314,430 | $27.3M | Add +15.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.30% | 296,111 | $27.1M | Add +45.9% |
| CGGE Cap Group Global Eq filed as CAPITAL GROUP GLOBAL EQUITY | 0.30% | 885,670 | $27.0M | Add +22.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.30% | 515,815 | $26.8M | Add +187.8% |
| USFR Wisdomtree Floating Rate Tre | 0.29% | 527,514 | $26.6M | Add +43.5% |
| V Visa Inc. Class A | 0.29% | 87,786 | $26.5M | Add +21.9% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.29% | 336,357 | $26.5M | Add +10.7% |
| GOOG Alphabet Inc. Class C | 0.29% | 90,910 | $26.1M | Add +17.4% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 0.29% | 611,453 | $26.0M | Add +11.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 76,647 | $25.9M | Add +1.3% |
| CMCSA Comcast Corp. Class A | 0.29% | 901,027 | $25.9M | Reduce -3.8% |
| KO The Coca-Cola Co. | 0.28% | 336,838 | $25.6M | Add +140.6% |
| XLK SS Technology Select Sector | 0.28% | 188,148 | $25.0M | Add +91.3% |
| VXF Vanguard Extended Market ETF | 0.28% | 121,490 | $25.0M | Add +1709.5% |
| SCHZ Schwab US Aggregate Bond ETF | 0.27% | 1,062,679 | $24.7M | Add +22.6% |
| VIG Vanguard Dividend Apprec ETF | 0.27% | 114,562 | $24.6M | Add +31.9% |
| JEPI JPMorgan Equity Premium Inco | 0.27% | 432,461 | $24.5M | Add +1019.7% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.27% | 623,810 | $24.0M | Add +22.3% |
| EDOW First Trust Dow 30 Eql WGHT | 0.26% | 569,810 | $23.1M | Add +116.5% |
| CLOA iShares Aaa Clo Act ETF-Usdi | 0.25% | 440,508 | $22.8M | Add +57.1% |
| COST Costco Wholesale Corp. | 0.25% | 22,637 | $22.6M | Add +62.1% |
| IJS iShares S&P Small-Cap 600 Va | 0.25% | 189,997 | $22.5M | Add +8.7% |
| FBND Fidelity Total Bond ETF | 0.25% | 491,557 | $22.4M | Add +1.1% |
| HEFA Isha Curr Hedged MSCI Eafe | 0.24% | 518,815 | $22.0M | New |
| IJH iShares Core S&P Midcap ETF | 0.24% | 316,147 | $21.3M | Reduce -30.2% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.23% | 15,983 | $21.1M | Reduce -4.6% |
| BIV Vanguard Intermediate-Term B | 0.23% | 269,867 | $20.8M | Add +92.3% |
| LMBS First Trust Low Duration Opp | 0.23% | 416,967 | $20.8M | Reduce -25.7% |
| JIVE JPM Interntl Value ETF filed as J P MORGAN EXCHANGE TRADED F | 0.22% | 234,159 | $20.1M | Add +20.6% |
| SLQD iShares 0-5 YR Inv GRD Corp. | 0.22% | 396,979 | $20.0M | Add +4.9% |
| JPIE JPMorgan Income ETF | 0.22% | 433,885 | $20.0M | Reduce -20.5% |
| MBB iShares MBS ETF | 0.22% | 210,498 | $20.0M | Add +148.2% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.22% | 432,505 | $20.0M | Add +380.5% |
| CVX Chevron Corp. | 0.22% | 96,077 | $19.9M | Add +23.5% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $367K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 318 | $367K | Reduce -41.1% |
| GABELLI EQUITY TRUST-RT | RIGHT 04/14/2026 | 13,480 | $94 | No change |
Total filed on the 13F, all lines: $9.0B.
Portfolio Sells Q4 2025 → Q1 2026
| VOO Vanguard S&P 500 ETF | Reduce -30.3% | 1.44% | −1.20 |
| VXUS Vanguard Total Intl Stock | Reduce -3.1% | 1.49% | −0.34 |
| JGRO JPMorgan Active Growth ETF | Reduce -14.1% | 0.49% | −0.27 |
| JIRE JPMorgan Int Res Enh Eqty | Reduce -2.5% | 1.02% | −0.24 |
| SMMD iShares Russell 2500 ETF | Reduce -49.6% | 0.14% | −0.19 |
| IJH iShares Core S&P Midcap ETF | Reduce -30.2% | 0.24% | −0.17 |
| SPDW Ste STR SPDR PT DW Eu ETF | Sold out | 0.00% | −0.16 |
| LMBS First Trust Low Duration Opp | Reduce -25.7% | 0.23% | −0.15 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -22.7% | 0.22% | −0.14 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -9.6% | 0.38% | −0.13 |
| JPIE JPMorgan Income ETF | Reduce -20.5% | 0.22% | −0.12 |
| IQLT iShares MSCI International Q | Reduce -76.7% | 0.03% | −0.12 |
| BBHY JPMorgan Betabuilders Usd Hi | Reduce -43.3% | 0.09% | −0.11 |
| JMBS Janus Henderson Mortg Backed | Reduce -96.0% | 0.00% | −0.11 |
| EMB iShares JP Morgan Usd Emergi | Reduce -74.6% | 0.03% | −0.11 |
| DGRO iShares Core Dividend Growth | Reduce -4.5% | 0.40% | −0.11 |
| ROKU Roku Inc. | Reduce -33.7% | 0.09% | −0.10 |
| REET iShares Global REIT ETF | Reduce -92.0% | 0.01% | −0.10 |
| CMCSA Comcast Corp. Class A | Reduce -3.8% | 0.29% | −0.09 |
| FXH First Trust Health Care Alph | Sold out | 0.00% | −0.09 |
| NULG Nuveen ESG LRG-Cap GRW ETF | Reduce -51.7% | 0.05% | −0.08 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -28.5% | 0.10% | −0.08 |
| JEMA JPMorgan Activebuilders Emer | Reduce -4.6% | 0.39% | −0.08 |
| FXU First Trust Utilities Alphad | Sold out | 0.00% | −0.08 |
| EXR Extra Space Storage Inc. | Reduce -24.6% | 0.13% | −0.08 |
| SPEM State Street SP PTF Em ETF | Reduce -27.3% | 0.11% | −0.08 |
| FXG First Trust Consumer Staples | Sold out | 0.00% | −0.08 |
| CRM Salesforce Inc. | Reduce -32.3% | 0.05% | −0.07 |
| TFLO iShares Treasury Floating Ra | Reduce -43.3% | 0.06% | −0.07 |
| NULV Nuveen ESG Large-Cap Val ETF | Reduce -51.1% | 0.05% | −0.07 |
| NUBD Nuveen ESG US Aggregate Bond | Reduce -55.0% | 0.04% | −0.07 |
| MDY State Street SPDR S&P Midcap | Reduce -74.7% | 0.02% | −0.07 |
| QLTA iShares Aaa - A Rated Corpor | Reduce -44.3% | 0.06% | −0.07 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -52.6% | 0.04% | −0.07 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -95.1% | 0.00% | −0.07 |
| SPTI SS SPDR P Int Term TSY ETF | Sold out | 0.00% | −0.07 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Reduce -5.4% | 0.15% | −0.07 |
| ING ING Groep N.V.-Sponsored ADR | Reduce -50.8% | 0.04% | −0.07 |
| LPLA LPL Financial Holdings Inc. | Reduce -30.0% | 0.06% | −0.06 |
| NUDM Nuveen ESG Intl Devel MRK Eq | Reduce -53.1% | 0.04% | −0.06 |
| MUB iShares National Muni Bond E | Reduce -8.2% | 0.18% | −0.06 |
| ORCL Oracle Corp. | Reduce -5.1% | 0.09% | −0.06 |
| ACN Accenture PLC Class A | Reduce -1.7% | 0.08% | −0.06 |
| GPC Genuine Parts Co. | Reduce -93.2% | 0.00% | −0.05 |
| HDB HDFC Bank Ltd.-ADR | Reduce -20.8% | 0.04% | −0.05 |
| COIN Coinbase Global Inc. Class A | Reduce -5.1% | 0.08% | −0.05 |
| HYLS FT Tactical High Yield ETF | Reduce -3.2% | 0.16% | −0.05 |
| UBS UBS Group AG-Reg | Reduce -20.0% | 0.06% | −0.05 |
| BALI Is US LRG CP Pre Inc. Act-Usd | Reduce -0.7% | 0.18% | −0.05 |
| FTCS First Trust Capital Strength | Reduce -2.8% | 0.19% | −0.05 |
Portfolio Buys Q4 2025 → Q1 2026
| VUG Vanguard Mrngstar GR ETF-Sui | Add +1983.4% | 0.72% | +0.67 |
| INMU iShares Intermediate Muni Inc. | New | 0.54% | +0.54 |
| RDVY First Trust Rising Dividend | Add +1611.9% | 0.56% | +0.52 |
| AVLV Avantis US Large Cap Value | New | 0.49% | +0.49 |
| QQQ Invesco QQQ Trust Series 1 | Add +924.7% | 0.55% | +0.48 |
| TFI SS SPDR N Ice Muni Bond ETF | New | 0.47% | +0.47 |
| SDVY First Trust Smid Cap Rising | Add +14036.0% | 0.45% | +0.45 |
| THRO iShares U.S. Thematic Rotati | Add +2458.9% | 0.45% | +0.43 |
| LSGR Natixis Loomis Focused Grwth | New | 0.40% | +0.40 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +421.7% | 0.50% | +0.39 |
| VT Vanguard Tot World STK ETF | Add +16680.8% | 0.38% | +0.37 |
| VEA Vanguard Ftse Developed ETF | Add +106.7% | 0.78% | +0.33 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +702.2% | 0.38% | +0.32 |
| HD Home Depot Inc. | Add +250.7% | 0.49% | +0.31 |
| GLD SPDR Gold Shares | Add +42.4% | 1.38% | +0.29 |
| XOM Exxon Mobil Corp. | Add +36.5% | 0.76% | +0.28 |
| JAVA JPMorgan Active Value ETF | Add +75.7% | 0.87% | +0.27 |
| VXF Vanguard Extended Market ETF | Add +1709.5% | 0.28% | +0.26 |
| HEFA Isha Curr Hedged MSCI Eafe | New | 0.24% | +0.24 |
| JEPI JPMorgan Equity Premium Inco | Add +1019.7% | 0.27% | +0.24 |
| QUAL iShares MSCI USA Quality Fac | Add +236.2% | 0.34% | +0.21 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | New | 0.20% | +0.20 |
| VWO Vanguard Ftse Emerging Marke | Add +4524.3% | 0.19% | +0.19 |
| UTES Virtus Reaves Utilities ETF | New | 0.17% | +0.17 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +187.8% | 0.30% | +0.17 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +380.5% | 0.22% | +0.17 |
| WMT Walmart Inc. | Add +129.8% | 0.31% | +0.16 |
| DFEM Dimensional Emrg MRKT Core | Add +96.4% | 0.38% | +0.16 |
| KO The Coca-Cola Co. | Add +140.6% | 0.28% | +0.15 |
| HEDG Equable Shares HDG Eqty ETF | New | 0.15% | +0.15 |
| JHMM John Hancock Multi Fact Mid | Add +459.5% | 0.17% | +0.14 |
| AVUV Avantis US Small Cap Value | New | 0.13% | +0.13 |
| BAI Ishrs AI in and Tech Act ETF | Add +492.1% | 0.16% | +0.13 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +402.4% | 0.17% | +0.13 |
| WDC Western Digital Corp. | Add +695.5% | 0.13% | +0.12 |
| MBB iShares MBS ETF | Add +148.2% | 0.22% | +0.11 |
| EDOW First Trust Dow 30 Eql WGHT | Add +116.5% | 0.26% | +0.11 |
| DFIC Dimensional International Co. | Add +39.9% | 0.68% | +0.11 |
| COST Costco Wholesale Corp. | Add +62.1% | 0.25% | +0.09 |
| SCHP Schwab U.S. Tips ETF | Add +310.4% | 0.12% | +0.09 |
| DFAS Dimensional US Small Cap ETF | New | 0.09% | +0.09 |
| XLK SS Technology Select Sector | Add +91.3% | 0.28% | +0.09 |
| PFE Pfizer Inc. | Add +667.3% | 0.10% | +0.09 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +287.5% | 0.12% | +0.08 |
| XLC SS Comm Select Sector SPDR | Add +295.6% | 0.13% | +0.08 |
| BIV Vanguard Intermediate-Term B | Add +92.3% | 0.23% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +50.1% | 0.55% | +0.08 |
| BBJP JPMorgan Betabuilders Japan | New | 0.08% | +0.08 |
| JHML John Hancock Multi Fact LRG | Add +174.6% | 0.14% | +0.08 |
| IEF iShares 7-10 Year Treasury B | Add +255.4% | 0.11% | +0.07 |
Notes & Other Activity Q4 2025 → Q1 2026
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | Sold out | 433 | $542Kbefore exit |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -41.1% | 318 | $367K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,462 | $10.6B | VTI, BBUS, DFAC, VOO, AAPL |
| Q1 2026 | 1,325 | $9.0B | VTI, BBUS, DFAC, AAPL, NVDA |
| Q4 2025 | 1,238 | $7.4B | VTI, BBUS, VOO, DFAC, VXUS |
| Q3 2025 | 907 | $5.2B | VTI, BBUS, DFAC, VOO, VXUS |
| Q2 2025 | 771 | $6.9B | VTI, BBUS, DFAC, BND, VXUS |
| Q1 2025 | 619 | $3.9B | VTI, DFAC, BBUS, BND, VXUS |
| Q4 2024 | 569 | $2.9B | VTI, BND, BBUS, DFAC, VXUS |
| Q3 2024 | 536 | $2.7B | VTI, BND, DFAC, BBUS, VXUS |
| Q2 2024 | 532 | $2.4B | VTI, DFAC, BND, BBUS, VXUS |
| Q1 2024 | 523 | $2.3B | DFAC, VTI, BND, BBUS, VXUS |