Vanguard Materials ETFVAWETF

13F holders, Q3 2025 (September 30)
371holders +5
37new positions
27sold out
2famous investors
$199.19avg. 13F price*

At the end of Q3 2025, 371 institutions reported holding Vanguard Materials ETF (VAW) in their 13F filings, up 5 from Q2 2025. 37 opened new positions and 27 sold out. The largest holders were Bank of America Corp. ($290.3M), Beacon Capital Management, Inc. ($112.4M) and Empower Advisory Group, LLC ($71.3M). 2 famous investors held it, including Ken Griffin (0.0% of Citadel Advisors's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).

Company
Vanguard Materials ETF
CUSIP
92204A801
Latest filing quarter
Q2 2026

History

Number of 13F holders

0100200300400500 Q1 2024: 352Q1 2024Q2 2024: 359Q2 2024Q3 2024: 377Q3 2024Q4 2024: 383Q4 2024Q1 2025: 375Q1 2025Q2 2025: 366Q2 2025Q3 2025: 371Q3 2025Q4 2025: 403Q4 2025Q1 2026: 408Q1 2026Q2 2026: 426Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions37$9.0M
Exits27$14.8M

All 13F filers, Q2 2025 → Q3 2025: 710,051 shares bought and 299,863 shares sold, net +410,188 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 371 holders

Bank of America Corp. 0.02% Add +1.2% 1,417,176 $290.3M
Beacon Capital Management, Inc. 5.37% Add +19.0% 548,761 $112.4M
Empower Advisory Group, LLC 0.20% Reduce -0.2% 348,037 $71.3M
Morgan Stanley 0.00% Add +2.4% 295,575 $60.6M
LPL Financial LLC 0.02% Add +29.3% 288,438 $59.1M
Envestnet Asset Management Inc. 0.02% Add +23.5% 272,665 $55.9M
Manufacturers Life Insurance Company, The 0.04% Reduce -8.0% 262,215 $53.7M
Wells Fargo & Company 0.01% Reduce -3.4% 247,597 $50.7M
Raymond James Financial Inc. 0.01% Add +36.1% 162,221 $33.2M
PGIM Custom Harvest LLC 0.45% Add +4.1% 146,679 $30.0M
Cetera Investment Advisers 0.03% Add +29.2% 115,742 $23.7M
UBS Group AG 0.00% Reduce -0.8% 112,023 $22.9M
Ameriprise Financial Inc. 0.00% Add +0.7% 83,910 $17.2M
Stifel Financial Corp. 0.01% Reduce -1.3% 70,795 $14.5M
Lido Advisors, LLC 0.06% Add +53.4% 70,760 $14.5M
GW Henssler & Associates Ltd. 0.66% Reduce -0.6% 64,202 $13.2M
JPMorgan Chase & Co. 0.00% Add +3.1% 57,465 $11.8M
PNC Financial Services Group, Inc. 0.01% Add +0.7% 46,457 $9.5M
Osaic Holdings, Inc. 0.01% Add +51.8% 43,306 $8.9M
Strengthening Families & Communities, LLC 1.94% Reduce -1.4% 42,619 $8.7M
Rockefeller Capital Management L.P. 0.02% Reduce -2.0% 39,874 $8.2M
Northwestern Mutual Wealth Management Co. 0.01% Reduce -10.8% 38,881 $8.0M
KCM Investment Advisors LLC 0.25% Reduce -2.6% 37,243 $7.6M
Park National Corp. 0.23% Reduce -23.9% 36,579 $7.5M
Richmond Brothers, Inc. 4.52% Add +95.3% 34,935 $7.2M
Banco Santander, S.A. 0.05% No change 27,924 $5.7M
J.W. Cole Advisors, Inc. 0.11% Reduce -7.2% 27,727 $5.7M
Commonwealth Equity Services, LLC 0.01% Reduce -8.8% 26,178 $5.4M
Creative Planning 0.00% Add +0.9% 26,027 $5.3M
LRI Investments, LLC 0.43% Add +7.2% 25,500 $5.2M
Exchange Traded Concepts, LLC 0.05% Add +110.2% 25,235 $5.2M
Resources Management Corp. /CT/ 0.65% Reduce -1.5% 24,349 $5.0M
Mercer Global Advisors Inc. 0.01% Add +1165.5% 24,246 $5.0M
Clear Creek Financial Management, LLC 0.41% Add +76.7% 22,990 $4.7M
Vickerman Investment Advisors, Inc. 0.95% Reduce -0.7% 22,950 $4.7M
Wealthcare Advisory Partners LLC 0.10% Reduce -0.3% 22,904 $4.7M
Sigma Planning Corp 0.13% Add +7.5% 21,680 $4.4M
MML Investors Services, LLC 0.01% Add +10.5% 21,522 $4.4M
Certified Advisory Corp 0.40% Reduce -6.8% 20,797 $4.3M
BNP Paribas Financial Markets 0.00% Reduce -25.5% 19,658 $4.0M
Cambridge Investment Research Advisors, Inc. 0.01% Add +6.1% 18,621 $3.8M
Foundations Investment Advisors, LLC 0.05% Add +4.5% 18,275 $3.7M
HighTower Advisors, LLC 0.00% Add +0.6% 17,603 $3.6M
Tranquilli Financial Advisor LLC 2.08% Add +116.9% 17,229 $3.5M
Full Sail Capital, LLC 0.19% Reduce -12.0% 17,107 $3.5M
Atria Investments, Inc 0.04% Add +55.4% 16,636 $3.4M
Silver Coast Investments LLC 1.16% Reduce -0.2% 16,437 $3.4M
Buska Wealth Management, LLC 1.01% Reduce -17.6% 16,376 $3.4M
M&T Bank Corp 0.01% Reduce -18.2% 16,130 $3.3M
Gibraltar Capital Management, Inc. 0.58% No change 15,642 $3.2M
Royal Bank of Canada 0.00% Reduce -38.3% 15,350 $3.1M
Mariner, LLC 0.00% Add +3.3% 14,786 $3.0M
Parsons Capital Management Inc. 0.17% Reduce -0.4% 14,208 $2.9M
TrueWealth Financial Partners 1.48% Reduce -68.1% 14,124 $2.9M
Wealth Enhancement Advisory Services, LLC 0.00% Add +9.4% 14,132 $2.9M
Steward Partners Investment Advisory, LLC 0.02% Add +118.7% 14,073 $2.9M
Prospera Financial Services Inc 0.05% Add +1.4% 13,063 $2.7M
Private Advisor Group, LLC 0.01% Add +18.8% 12,720 $2.6M
Goldman Sachs Group Inc. 0.00% Reduce -17.3% 12,675 $2.6M
Strategic Wealth Investment Group, LLC 0.21% Add +2869.1% 12,470 $2.6M
Quantinno Capital Management LP 0.01% Add +11.8% 12,111 $2.5M
Global Strategic Investment Solutions, LLC 0.24% Add +0.1% 11,592 $2.4M
Sierra Capital LLC 0.23% No change 10,398 $2.1M
Corient Private Wealth LP 0.00% Reduce -85.9% 10,393 $2.1M
Simon Quick Advisors, LLC 0.10% Add +2.2% 10,353 $2.1M
MassMutual Private Wealth & Trust, FSB 0.05% Add +0.8% 10,350 $2.1M
Sage Rhino Capital LLC 0.41% Reduce -0.9% 10,247 $2.1M
Truist Financial Corp. 0.00% Reduce -4.8% 10,121 $2.1M
Sagace Wealth Management LLC 1.38% Reduce -3.5% 9,895 $2.0M
Sharper & Granite LLC 0.72% Add +40.6% 9,818 $2.0M
Captrust Financial Advisors 0.00% Reduce -3.0% 9,798 $2.0M
Prairiewood Capital, LLC 0.65% Reduce -2.5% 9,547 $2.0M
Merit Financial Group, LLC 0.02% Reduce -0.5% 9,487 $1.9M
Main Street Financial Solutions, LLC 0.12% Reduce -6.2% 8,862 $1.8M
Janney Montgomery Scott LLC 0.00% Add +0.5% 8,675 $1.8M
Hershey Financial Advisers, LLC 1.51% Add +41.3% 8,590 $1.8M
National Bank of Canada 0.00% Reduce -0.1% 8,020 $1.6M
Private Wealth Advisors, LLC 0.62% Add +0.3% 7,984 $1.6M
Essex Financial Services, Inc. 0.10% Reduce -5.0% 7,850 $1.6M
Cibc World Market Inc. 0.00% Reduce -1.3% 7,434 $1.5M
Pathway Financial Advisors LLC 0.20% No change 7,240 $1.5M
Centaurus Financial, Inc. 0.07% Add +3.7% 7,161 $1.5M
Vista Investment Management 0.51% Reduce -3.4% 7,139 $1.5M
BlackRock, Inc. 0.00% Add +63.0% 7,024 $1.4M
Kestra Advisory Services, LLC 0.01% Add +153.8% 7,014 $1.4M
Farrell Financial LLC 0.86% Add +0.6% 6,711 $1.4M
Founders Grove Wealth Partners, LLC 0.31% Reduce -1.0% 6,440 $1.3M
Comerica Bank 0.00% Reduce -4.3% 6,417 $1.3M
D.A. Davidson & Co. 0.01% Reduce -4.7% 6,272 $1.3M
Sentinel Pension Advisors, LLC 0.20% Reduce -1.1% 6,242 $1.3M
Orion Porfolio Solutions, LLC 0.01% Add +6.8% 6,194 $1.3M
Brighton Jones LLC 0.03% Reduce -0.0% 6,135 $1.3M
AlphaCore Capital LLC 0.04% Add +5.3% 6,091 $1.2M
Axiom Financial Strategies, LLC 0.52% Reduce -36.2% 5,918 $1.2M
Modera Wealth Management, LLC 0.01% Reduce -1.1% 5,492 $1.1M
FMR LLC 0.00% Add +1.8% 5,434 $1.1M
Cresset Asset Management, LLC 0.00% No change 5,300 $1.1M
Choate Investment Advisors 0.02% No change 5,297 $1.1M
Bonfire Financial 0.83% Add +0.9% 5,274 $1.1M
Bank of Montreal 0.00% Add +152.9% 5,247 $1.1M
Comprehensive Money Management Services LLC 0.76% Add +1.9% 5,217 $1.1M
Susquehanna International Group, LLP 0.00% Reduce -70.0% 5,119 $1.0M
Compass Capital Corp. /Ma/ 0.46% Reduce -10.2% 5,303 $1.0M
Woodward Diversified Capital, LLC 0.49% New 5,103 $1.0M
IHT Wealth Management, LLC 0.03% Reduce -4.6% 5,153 $1.0M
Fiduciary Trust Co 0.01% Reduce -1.4% 5,040 $1.0M
Kanawha Capital Management LLC 0.07% Reduce -0.5% 4,988 $1.0M
Independent Financial Group, LLC 0.02% Add +5.9% 4,873 $998K
Builder Investment Group Inc. 0.22% No change 4,853 $994K
Jones Financial Companies LLLP 0.00% Add +2.7% 4,870 $987K
Brown Advisory Inc. 0.00% No change 4,681 $959K
Baird Financial Group, Inc. 0.00% Reduce -1.2% 4,622 $947K
Concurrent Investment Advisors, LLC 0.02% Reduce -2.5% 4,612 $945K
Citadel Advisors 0.00% Add +196.5% 4,457 $913K
Curran Financial Partners, LLC 0.18% Reduce -3.8% 4,433 $908K
Versant Capital Management, Inc 0.12% No change 4,308 $883K
Northern Trust Corp. 0.00% Add +1.3% 4,286 $878K
United Capital Financial Advisors, LLC 0.01% No change 4,267 $874K
Arkadios Wealth Advisors 0.02% New 4,204 $861K
Wolff Financial Management LLC 0.20% Reduce -0.5% 4,149 $850K
Phillips Financial Management, LLC 0.06% Add +7.0% 4,128 $846K
Altura Wealth Advisors Inc. 0.40% Add +29.3% 4,085 $837K
Sage Capital Management, LLC 0.37% Add +0.3% 4,023 $824K
Stratos Wealth Partners, LTD. 0.01% Reduce -4.4% 3,996 $819K
Valmark Advisers, Inc. 0.01% Reduce -1.4% 3,990 $817K
NorthCrest Asset Manangement, LLC 0.02% Reduce -0.1% 3,975 $812K
Joule Financial, LLC 0.24% Add +2.5% 3,952 $810K
WBH Advisory Inc. 0.06% Reduce -9.5% 3,930 $805K
City State Bank 0.23% Add +0.7% 3,894 $798K
180 Wealth Advisors, LLC 0.10% Reduce -0.5% 3,846 $788K
Nwam LLC 0.04% New 3,748 $766K
Nations Financial Group Inc, /Ia/ 0.05% Reduce -0.9% 3,702 $758K
Axxcess Wealth Management, LLC 0.02% Add +59.8% 3,678 $754K
Assetmark, Inc. 0.00% Add +7.6% 3,619 $741K
O'shaughnessy Asset Management, LLC 0.00% Add +14.4% 3,575 $732K
Farther Finance Advisors, LLC 0.01% Add +1.6% 3,493 $715K
Flputnam Investment Management Co. 0.01% Reduce -0.8% 3,372 $691K
Institute for Wealth Management, LLC. 0.07% New 3,250 $666K
Advisors Capital Management, LLC 0.01% Reduce -1.2% 3,234 $663K
Summit Financial, LLC 0.01% Add +1.0% 3,204 $656K
NewEdge Advisors, LLC 0.00% Add +10.0% 3,136 $643K
Wealthfront Advisers LLC 0.00% Add +14.1% 3,124 $640K
CGN Advisors LLC 0.05% Reduce -3.7% 3,065 $628K
Bailard, Inc. 0.01% Reduce -13.6% 3,024 $619K
First Financial Corp. 0.24% Reduce -1.5% 3,018 $618K
Clearstead Advisors, LLC 0.01% Reduce -12.1% 3,014 $617K
Dentgroup LLC 0.40% Reduce -2.7% 2,997 $614K
Bokf, NA 0.01% Reduce -5.5% 2,989 $612K
Novak & Powell Financial Services, Inc. 0.32% Reduce -4.5% 2,964 $607K
Johnson Investment Counsel Inc. 0.00% Add +4.6% 2,852 $584K
Citigroup Inc. 0.00% Reduce -2.6% 2,834 $581K
Mason Investment Advisory Services, Inc. 0.03% Reduce -4.9% 2,800 $574K
Whittier Trust Co. 0.01% Add +0.1% 2,742 $564K
Stephen J. Garry & Associates, LLC 0.44% Reduce -18.8% 2,716 $556K
&partners 0.00% Add +6.4% 2,699 $553K
Sequoia Financial Advisors, LLC 0.00% Reduce -0.2% 2,686 $550K
Trinity Legacy Partners, LLC 0.13% Reduce -0.5% 2,815 $549K
Prime Capital Investment Advisors, LLC 0.01% Reduce -11.4% 2,656 $544K
Conservest Capital Advisors, Inc. 0.05% No change 2,563 $525K
North Forty Two & Co. 0.51% Add +3.0% 2,550 $522K
Alliance Wealth Advisors, LLC 0.26% No change 2,533 $519K
Parallel Advisors, LLC 0.01% Add +0.9% 2,510 $514K
Anchor Investment Management, LLC 0.04% Add +1.7% 2,492 $511K
Brookwood Investment Group LLC 0.06% Add +74.9% 2,426 $497K
Mather Group, Llc. 0.00% Reduce -4.5% 2,388 $489K
Neuberger Berman Group LLC 0.00% Add +61.1% 2,364 $484K
Praetorian Wealth Management, Inc. 0.10% New 2,339 $479K
One Charles Private Wealth Services, LLC 0.13% Reduce -0.7% 2,329 $477K
Aspiriant, LLC 0.01% No change 2,324 $476K
Blair William & Co. 0.00% Reduce -3.3% 2,322 $476K
Hilltop Holdings Inc. 0.03% Add +64.5% 2,313 $474K
Financial Freedom, LLC 0.24% No change 2,306 $472K
U.S. Capital Wealth Advisors, LLC 0.01% Add +22.2% 2,286 $468K
Wedbush Securities Inc. 0.02% No change 2,276 $466K
Fifth Third Bancorp 0.00% Reduce -1.0% 2,258 $463K
Simplicity Wealth,LLC 0.03% New 2,234 $458K
Beacon Pointe Advisors, LLC 0.00% Add +0.5% 2,175 $446K
Integrated Wealth Concepts LLC 0.00% Add +101.0% 2,171 $445K
Focus Partners Wealth 0.00% New 2,168 $442K
Yoder Wealth Management, Inc. 0.21% No change 2,128 $436K
Great Valley Advisor Group, Inc. 0.01% Add +0.8% 2,102 $431K
Cornerstone Wealth Management, LLC 0.02% Add +5.6% 2,087 $428K
Retirement Planning Group, LLC 0.01% Add +16.5% 2,058 $422K
Tiaa Trust, National Association 0.00% Add +33.3% 2,051 $420K
Cranbrook Wealth Management, LLC 0.08% Add +0.1% 2,047 $419K
Gladstone Institutional Advisory LLC 0.02% Reduce -0.8% 2,001 $410K
Leavell Investment Management, Inc. 0.02% Reduce -4.8% 1,981 $406K
Sanctuary Advisors, LLC 0.00% Add +1.9% 1,969 $403K
Mutual Advisors, LLC 0.01% Reduce -2.4% 1,958 $398K
Heritage Trust Co 0.04% No change 1,899 $389K
Wealth Alliance, LLC 0.04% Reduce -0.3% 1,888 $387K
Wealthspire Retirement, LLC 0.02% Add +0.3% 1,859 $381K
Birchcreek Wealth Management, LLC 0.19% Add +20.6% 1,828 $374K
Equitable Holdings, Inc. 0.00% Reduce -10.7% 1,825 $374K
Winch Advisory Services, LLC 0.08% Add +0.4% 1,802 $369K
US Bancorp \de 0.00% Add +7.3% 1,780 $365K
CX Institutional 0.01% Reduce -57.2% 1,732 $355K
KPP Advisory Services LLC 0.05% No change 1,729 $354K
Charles Schwab Investment Management Inc. 0.00% Reduce -7.0% 1,727 $354K
Keebeck Wealth Management 0.04% No change 1,725 $353K
Heritage Investment Group, Inc. 0.06% No change 1,700 $348K
TD Waterhouse Canada Inc. 0.00% Reduce -53.2% 1,713 $348K
O'ROURKE & COMPANY, Inc 0.14% No change 1,664 $341K
Brandywine Oak Private Wealth LLC 0.03% Reduce -0.7% 1,641 $336K
Madden Advisory Services, Inc. 0.14% Add +1.0% 1,634 $335K
Rwa Wealth Partners, LLC 0.00% No change 1,625 $333K
Coppell Advisory Solutions LLC 0.04% New 1,629 $331K
Elm Partners Management LLC 0.02% Add +9.3% 1,578 $323K
Evoke Wealth, LLC 0.01% No change 1,573 $322K
HB Wealth Management, LLC 0.00% New 1,558 $319K
MontVue Capital Management, Inc. 0.21% Reduce -0.2% 1,557 $319K
Narwhal Capital Management 0.02% Reduce -73.0% 1,519 $311K
Ingalls & Snyder LLC 0.01% Reduce -10.6% 1,475 $302K
AQR Capital Management 0.00% New 1,474 $302K
Koshinski Asset Management, Inc. 0.02% Add +5.8% 1,451 $297K
Collective Family Office LLC 0.07% Reduce -5.9% 1,441 $295K
Choreo, LLC 0.00% Reduce -2.8% 1,438 $294K
Bragg Financial Advisors, Inc 0.01% Reduce -0.6% 1,393 $285K
Advisory Services Network, LLC 0.00% New 1,385 $284K
Golden State Wealth Management, LLC 0.03% Reduce -13.0% 1,349 $276K
Wedmont Private Capital 0.01% Add +0.1% 1,352 $276K
Ameritas Advisory Services, LLC 0.02% Reduce -76.5% 1,333 $273K
Evermay Wealth Management LLC 0.03% Reduce -2.6% 1,315 $269K
Kestra Private Wealth Services, LLC 0.00% Add +2.9% 1,311 $268K
PFG Advisors 0.01% Add +18.2% 1,298 $266K
Ground Swell Capital, LLC 0.57% New 1,266 $259K
CWA Asset Management Group, LLC 0.01% Reduce -25.4% 1,265 $259K
Waldron Private Wealth LLC 0.01% Add +0.4% 1,257 $257K
Mission Wealth Management, LP 0.01% Reduce -11.2% 1,235 $253K
Obsidian Cio, LLC 0.03% New 1,231 $252K
Simmons Bank 0.02% No change 1,228 $252K
Caprock Group, LLC 0.01% — 1,193 $249K
NORTHSTAR ASSET MANAGEMENT Co 0.05% No change 1,185 $243K
Two Sigma Securities, LLC 0.03% Add +1.0% 1,154 $236K
Csenge Advisory Group 0.01% No change 1,151 $236K
RBA Wealth Management, LLC 0.08% Add +4.1% 1,143 $234K
Composition Wealth, LLC 0.00% Add +0.1% 1,123 $230K
One Capital Management, LLC 0.01% New 1,100 $225K
Independent Wealth Network Inc. 0.07% New 1,097 $225K
Ieq Capital, LLC 0.00% New 1,095 $224K
Pine Valley Investments Ltd Liability Co 0.01% New 1,081 $221K
Idaho Trust Co 0.07% Reduce -2.6% 1,081 $221K
BIP Wealth, LLC 0.01% New 1,077 $221K
Swisher Financial Concepts, Inc. 0.13% Reduce -21.8% 1,062 $218K
BNC Wealth Management, LLC 0.05% No change 1,062 $218K
McGuire Investment Group, LLC 0.02% Add +0.4% 1,061 $217K
Snowden Capital Advisors LLC 0.01% Reduce -30.1% 1,059 $217K
Modern Wealth Management, LLC 0.00% Reduce -22.5% 1,035 $212K
Optima Capital LLC 0.10% Reduce -62.5% 1,034 $212K
Lodestar Private Asset Management LLC 0.02% No change 1,029 $211K
Fulton Breakefield Broenniman LLC 0.01% New 1,025 $210K
Colonial Trust Co / SC 0.03% No change 1,000 $205K
Smith Salley Wealth Management 0.01% New 1,000 $205K
Benjamin Edwards Inc. 0.00% New 1,000 $205K
Allworth Financial LP 0.00% Add +1.1% 1,000 $205K
Unique Wealth, LLC 0.03% New 986 $202K
Boltwood Capital Management 0.05% Reduce -6.6% 985 $202K
PFG Investments, LLC 0.01% New 978 $200K
Union Bancaire Privee, UBP SA 0.00% No change 1,000 $173K
Progressive Investment Management Corp 0.03% No change 700 $143K
Hurley Capital, LLC 0.08% Add +0.4% 700 $143K
Cornerstone Planning Group LLC 0.02% Reduce -44.6% 298 $125K
Flagship Wealth Advisors, LLC 0.04% Reduce -3.4% 602 $123K
MAI Capital Management 0.00% Add +46.2% 554 $113K
EverSource Wealth Advisors, LLC 0.00% No change 536 $110K
Westside Investment Management, Inc. 0.02% Add +0.2% 519 $106K
Kayne Anderson Rudnick Investment Management LLC 0.00% No change 515 $106K
Hazlett, Burt & Watson, Inc. 0.04% No change 510 $105K
Cardiff Park Advisors, LLC 0.01% No change 511 $105K
Caitlin John, LLC 0.07% New 500 $102K
Capital Investment Advisory Services, LLC 0.01% No change 486 $100K
Global Retirement Partners, LLC 0.00% No change 477 $98K
Glenmede Investment Management, LP 0.00% No change 437 $90K
Wealthspire Advisors, LLC 0.00% New 431 $88K
Harbour Investments, Inc. 0.00% Add +0.3% 406 $83K
AE Wealth Management LLC 0.00% Add +33.3% 400 $82K
Tripletail Wealth Management, LLC 0.10% New 393 $81K
Dynamic Wealth Strategies, LLC 0.05% No change 384 $79K
SBI Securities Co., Ltd. 0.00% Reduce -5.7% 383 $78K
Key Financial Inc 0.01% Reduce -1.4% 361 $73K
Russell Investments Group, Ltd. 0.00% Add +7.3% 338 $69K
First Horizon Corp. 0.00% — 334 $68K
Coastline Trust Co 0.01% No change 325 $67K
Bellevue Asset Management, LLC 0.03% Reduce -14.0% 301 $62K
Davis Capital Management 0.04% — 287 $59K
Wilmington Savings Fund Society, FSB 0.00% No change 285 $58K
Webster Bank, N. A. 0.01% No change 275 $56K
Paladin Advisory Group, LLC 0.04% New 273 $56K
Montag A & Associates Inc. 0.00% No change 245 $50K
Wealth Preservation Advisors, LLC 0.03% No change 224 $46K
NBT Bank, N.A. 0.00% Add +33.3% 296 $45K
Bogart Wealth, LLC 0.00% No change 218 $45K
Fourth Dimension Wealth, LLC 0.02% No change 204 $42K
Global Wealth Strategies & Associates 0.01% No change 202 $41K
Tower Research Capital LLC (TRC) 0.00% Add +19900.0% 200 $41K
Armstrong Advisory Group, Inc. 0.00% No change 194 $40K
C M Bidwell & Associates Ltd. 0.02% No change 185 $38K
Concord Wealth Partners 0.01% No change 185 $38K
Cape Investment Advisory, Inc. 0.04% Reduce -52.3% 174 $36K
New Millennium Group LLC 0.02% Add +0.6% 172 $35K
Cwm, LLC 0.00% Reduce -43.9% 165 $34K
Running Point Capital Advisors, LLC 0.01% No change 154 $32K
Principal Securities, Inc. 0.00% Reduce -9.7% 149 $31K
Root Financial Partners, LLC 0.00% New 145 $30K
TD Private Client Wealth LLC 0.00% Add +2.1% 143 $29K
First PREMIER Bank 0.01% Reduce -10.6% 135 $28K
Greykasell Wealth Strategies, Inc. 0.01% No change 131 $27K
Front Row Advisors LLC 0.01% No change 125 $26K
Hollencrest Capital Management 0.00% No change 125 $26K
Foster Dykema Cabot & Partners, LLC 0.00% No change 122 $25K
Ashton Thomas Securities, LLC 0.00% Reduce -61.0% 120 $25K
Signaturefd, LLC 0.00% New 120 $25K
Noble Wealth Management PBC 0.01% — 119 $24K
Whittier Trust Co. of Nevada Inc. 0.00% No change 117 $24K
GPS Wealth Strategies Group, LLC 0.00% Reduce -27.8% 117 $24K
VSM Wealth Advisory, LLC 0.01% No change 107 $22K
Heartwood Wealth Advisors LLC 0.00% New 100 $20K
Aptus Capital Advisors, LLC 0.00% Reduce -12.7% 96 $20K
Geneos Wealth Management Inc. 0.00% No change 89 $18K
Atlantic Edge Private Wealth Management, LLC 0.00% No change 85 $17K
Creative Financial Designs Inc. 0.00% No change 85 $17K
Main Street Group, LTD 0.01% No change 78 $16K
Qube Research & Technologies Ltd 0.00% New 66 $14K
Breakwater Investment Management 0.00% No change 65 $13K
Northwest Capital Management Inc 0.01% No change 62 $13K
Crowley Wealth Management, Inc. 0.01% No change 59 $12K
NFSG Corp 0.00% No change 57 $12K
Missouri Trust & Investment Co 0.00% No change 56 $11K
Founders Financial Alliance, LLC 0.00% Add +71.9% 55 $11K
Barrett & Company, Inc. 0.00% No change 54 $11K
Ameliora Wealth Management Ltd. 0.00% No change 51 $10K
Medallion Wealth Advisors, LLC 0.00% No change 50 $10K
Duncker Streett & Co. Inc. 0.00% No change 49 $10K
Blue Bell Private Wealth Management, LLC 0.00% No change 49 $10K
Costello Asset Management, INC 0.00% No change 49 $10K
Avion Wealth 0.00% No change 52 $10K
Farmers & Merchants Investments Inc. 0.00% No change 47 $10K
Salomon & Ludwin, LLC 0.00% No change 42 $9K
Boyd Watterson Asset Management LLC 0.00% No change 42 $9K
Barclays PLC 0.00% Reduce -36.9% 41 $8K
St Germain D J Co. Inc. 0.00% No change 40 $8K
Sound Income Strategies, LLC 0.00% No change 39 $8K
Nova Wealth Management, Inc. 0.01% New 35 $7K
CIBC Private Wealth Group LLC 0.00% Reduce -20.4% 35 $7K
Fortis Group Advisors, LLC 0.00% No change 31 $6K
Parkside Financial Bank & Trust 0.00% Reduce -16.7% 30 $6K
Dogwood Wealth Management LLC 0.00% No change 29 $6K
SOA Wealth Advisors, LLC. 0.00% No change 28 $6K
HHM Wealth Advisors, LLC 0.00% New 25 $5K
SouthState Bank Corp 0.00% No change 25 $5K
Financial Connections Group, Inc. 0.00% No change 25 $5K
Elevate Wealth Advisory, Inc. 0.00% No change 24 $5K
Blue Trust, Inc. 0.00% Reduce -30.8% 18 $4K
IFP Advisors, Inc 0.00% No change 16 $3K
Independence Bank of Kentucky 0.00% No change 14 $3K
Westfuller Advisors, LLC 0.00% New 14 $3K
Anfield Capital Management, LLC 0.00% No change 13 $3K
Founders Capital Management 0.00% No change 12 $2K
Larson Financial Group LLC 0.00% No change 12 $2K
Nemes Rush Group LLC 0.00% No change 11 $2K
CoreCap Advisors, LLC 0.00% No change 11 $2K
Strategic Investment Advisors / MI 0.00% New 178,472 $2K
GAMMA Investing LLC 0.00% No change 9 $2K
Guerra Advisors Inc 0.00% New 6 $1K
McIlrath & Eck, LLC 0.00% No change 6 $1K
Comprehensive Financial Planning, Inc. 0.00% No change 5 $1K
Capital Analysts, LLC 0.00% No change 5 $1K
Centennial Bank 0.00% Reduce -75.0% 2 $410
Federation des caisses Desjardins du Quebec 0.00% No change 2 $410
DT Investment Partners, LLC 0.00% New 1 $207
Covestor Ltd 0.00% No change 1 $0

"% of holder's portfolio" is VAW's weight in each manager's 13F, not the share of Vanguard Materials ETF the manager owns.