Vanguard S&P 500 Growth ETFVOOGETF

13F holders, Q2 2025 (June 30)
616holders +48
90new positions
46sold out
3famous investors
$304.33avg. 13F price*

At the end of Q2 2025, 616 institutions reported holding Vanguard S&P 500 Growth ETF (VOOG) in their 13F filings, up 48 from Q1 2025. 90 opened new positions and 46 sold out. The largest holders were JPMorgan Chase & Co. ($900.0M), Morgan Stanley ($303.8M) and Bank of America Corp. ($235.1M). 3 famous investors held it, including Joel Greenblatt (0.1% of Gotham Asset Management's portfolio), Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Cliff Asness (0.0% of AQR Capital Management's portfolio).

Company
Vanguard S&P 500 Growth ETF
CUSIP
921932505
Latest filing quarter
Q2 2026

History

Number of 13F holders

0200400600800 Q1 2024: 436Q1 2024Q2 2024: 478Q2 2024Q3 2024: 505Q3 2024Q4 2024: 577Q4 2024Q1 2025: 568Q1 2025Q2 2025: 616Q2 2025Q3 2025: 637Q3 2025Q4 2025: 703Q4 2025Q1 2026: 686Q1 2026Q2 2026: 755Q2 2026

Total Exit/New Position Q1 2025 → Q2 2025

InstitutionsTotal Value
New Positions90$80.9M
Exits46$56.1M

All 13F filers, Q1 2025 → Q2 2025: 4,621,558 shares bought and 428,445 shares sold, net +4,193,113 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 616 holders

JPMorgan Chase & Co. 0.06% Reduce -3.3% 2,269,714 $900.0M
Morgan Stanley 0.02% Add +2.0% 766,213 $303.8M
Bank of America Corp. 0.02% Add +3.8% 592,989 $235.1M
UBS Group AG 0.05% Add +7.0% 588,312 $233.3M
LPL Financial LLC 0.07% Add +4.6% 517,669 $205.3M
PFG Advisors 7.12% Add +55403.4% 1,750,577 $154.1M
Envestnet Asset Management Inc. 0.04% Add +10.5% 322,080 $127.7M
Ameriprise Financial Inc. 0.03% Reduce -12.8% 305,873 $122.0M
Corient Private Wealth LP 0.13% Add +2.4% 244,591 $97.0M
TD Private Client Wealth LLC 2.01% Add +12.6% 206,087 $81.7M
Two Sigma Investments, LP 0.15% Add +332.4% 200,200 $79.4M
Wells Fargo & Company 0.02% Add +14.8% 196,190 $77.8M
Osaic Holdings, Inc. 0.13% Add +15.1% 188,768 $75.0M
Arista Wealth Management, LLC 9.73% Add +0.1% 177,341 $70.3M
Mariner, LLC 0.09% Add +1.2% 160,277 $63.6M
Focus Partners Wealth 0.12% Add +8.4% 136,862 $54.3M
Joel Isaacson & Co., LLC 2.14% Add +7.9% 132,618 $52.6M
Raymond James Financial Inc. 0.02% Add +13.6% 124,782 $49.5M
Shakespeare Wealth Management, LLC 11.28% Add +2.6% 106,652 $42.3M
Cerity Partners LLC 0.07% Add +1688.5% 104,876 $41.6M
Cambridge Investment Research Advisors, Inc. 0.11% Add +7.0% 94,042 $37.3M
HighTower Advisors, LLC 0.05% Reduce -2.4% 93,102 $36.9M
Petredis Investment Advisors LLC 3.22% Add +4.2% 92,643 $36.7M
Equitable Holdings, Inc. 0.30% Add +8.0% 92,247 $36.6M
Essex Financial Services, Inc. 2.35% Reduce -0.4% 90,087 $35.7M
Iron Horse Wealth Management, LLC 10.04% Add +1.6% 85,811 $34.0M
Kropog Financial Group, LLC 27.05% Reduce -0.3% 77,993 $30.9M
Royal Bank of Canada 0.01% Reduce -1.5% 73,670 $29.2M
Commonwealth Equity Services, LLC 0.04% Reduce -2.7% 72,223 $28.6M
Private Advisor Group, LLC 0.15% Add +5.6% 71,112 $28.2M
Kestra Advisory Services, LLC 0.13% Add +11.8% 68,698 $27.2M
Connecticut Wealth Management, LLC 1.24% Reduce -0.3% 65,581 $26.0M
Cornerstone Advisory, LLC 2.66% Add +1.4% 62,580 $24.8M
Goldman Sachs Group Inc. 0.00% Reduce -13.7% 60,539 $24.0M
Truist Financial Corp. 0.03% Add +23.9% 55,642 $22.1M
Principle Wealth Partners LLC 1.38% Add +3.1% 55,483 $22.0M
Wheelhouse Advisory Group LLC 10.76% Add +7.5% 55,035 $21.8M
Janney Montgomery Scott LLC 0.06% Reduce -0.6% 54,100 $21.5M
Merit Financial Group, LLC 0.24% Add +0.0% 53,662 $21.3M
Cetera Investment Advisers 0.04% Reduce -1.7% 52,619 $20.9M
Stordahl Capital Management, Inc. 4.02% Reduce -6.0% 45,589 $18.1M
ArchPoint Investors 5.29% No change 45,415 $18.0M
Quantinno Capital Management LP 0.08% Add +61.3% 44,532 $17.7M
Larson Financial Group LLC 0.67% Reduce -2.7% 41,947 $16.6M
Northwestern Mutual Wealth Management Co. 0.01% Add +7.2% 40,886 $16.2M
Keystone Financial Services, LLC 12.03% Add +1.9% 39,932 $15.8M
RFG Holdings, Inc. 4.44% Add +2.2% 38,668 $15.3M
Park Avenue Securities LLC 0.13% Add +36.2% 36,120 $14.3M
Composition Wealth, LLC 0.24% Reduce -0.4% 35,424 $14.0M
Cerro Pacific Wealth Advisors LLC 3.73% Add +30.2% 33,898 $13.4M
Jones Financial Companies LLLP 0.01% Add +30.6% 33,573 $13.3M
Fifth Third Securities, Inc. 0.99% Add +8.4% 33,337 $13.2M
Graves Light Lenhart Wealth, Inc. 1.55% Add +3.5% 32,790 $13.0M
Relyea Zuckerberg Hanson LLC 1.52% Reduce -2.8% 32,605 $12.9M
MML Investors Services, LLC 0.04% Add +10.2% 32,038 $12.7M
Stenger Family Office, LLC 3.26% — 192,781 $12.6M
Prudential Financial Inc. 0.02% New 33,700 $12.6M
Betterment LLC 0.03% Reduce -7.5% 30,482 $12.1M
Wealth Enhancement Advisory Services, LLC 0.02% Reduce -3.1% 28,649 $11.5M
Stifel Financial Corp. 0.01% Add +20.8% 26,919 $10.7M
J.W. Cole Advisors, Inc. 0.22% Add +12.4% 26,409 $10.5M
Citizens Financial Group Inc. 0.17% Add +88.3% 25,943 $10.3M
Gotham Asset Management 0.06% Add +390.1% 25,175 $10.0M
Mutual Advisors, LLC 0.22% Reduce -8.6% 21,595 $8.9M
Strategies Wealth Advisors, LLC 0.96% Reduce -0.2% 22,057 $8.7M
Magnus Financial Group LLC 0.76% Reduce -0.1% 21,751 $8.6M
AA Financial Advisors, LLC 1.82% New 21,303 $8.4M
Savant Capital, LLC 0.06% Reduce -1.7% 20,949 $8.3M
Apella Capital, LLC 0.22% New 20,304 $8.1M
FMR LLC 0.00% Add +2.2% 19,952 $7.9M
Cooper Financial Group 0.92% Add +0.0% 19,819 $7.9M
Cozad Asset Management Inc. 0.68% No change 19,713 $7.8M
Sanctuary Advisors, LLC 0.05% Reduce -4.2% 19,486 $7.7M
Creative Planning 0.01% Add +13.9% 18,737 $7.4M
Ethos Financial Group, LLC 0.64% New 18,726 $7.4M
Rockefeller Capital Management L.P. 0.02% Reduce -5.2% 18,713 $7.4M
US Bancorp \de 0.01% Add +1.5% 17,292 $6.9M
Atria Wealth Solutions, Inc. 0.15% Add +2.0% 16,506 $6.6M
NewEdge Advisors, LLC 0.03% Add +5.8% 16,490 $6.5M
Wealthspire Advisors, LLC 0.04% Reduce -16.9% 16,418 $6.5M
OneDigital Investment Advisors LLC 0.07% Reduce -0.5% 15,504 $6.1M
Conning Inc. 0.22% New 15,359 $6.1M
Compass Capital Corp. /Ma/ 2.83% No change 17,966 $6.0M
Mosaic Family Wealth Partners, LLC 0.76% Reduce -3.6% 14,969 $5.9M
Keystone Financial Group 0.53% Add +4.0% 14,882 $5.9M
Invictus Private Wealth, LLC 0.39% Reduce -1.3% 14,521 $5.8M
Signet Financial Management, LLC 0.72% Reduce -2.0% 14,478 $5.7M
GM Advisory Group, LLC 0.28% Add +0.8% 14,039 $5.6M
Atria Investments, Inc 0.07% Reduce -12.6% 13,996 $5.5M
Virtue Capital Management, LLC 1.01% Reduce -18.3% 13,902 $5.5M
Brookstone Capital Management 0.07% Add +12.7% 13,198 $5.2M
Comerica Bank 0.02% Reduce -2.7% 12,703 $5.0M
Armor Investment Advisors, LLC 1.88% No change 12,570 $5.0M
Anson Capital, Inc. 3.91% Reduce -3.8% 12,229 $4.8M
Northstar Financial Companies, Inc. 4.95% Add +3.0% 11,996 $4.8M
Northern Trust Corp. 0.00% Add +46.5% 11,990 $4.8M
Lazard Asset Management LLC 0.01% Reduce -19.4% 11,937 $4.7M
Graypoint LLC 0.26% Reduce -69.0% 11,848 $4.7M
Sigma Planning Corp 0.14% Reduce -10.1% 11,668 $4.6M
Royal Fund Management, LLC 0.47% Reduce -4.7% 11,203 $4.4M
Mesirow Financial Investment Management, Inc. 0.09% Reduce -8.0% 11,174 $4.4M
Encompass Wealth Advisors, LLC 1.59% Reduce -4.4% 10,904 $4.3M
Mgo One Seven LLC 0.14% Add +4.8% 10,858 $4.3M
Keybank National Association 0.02% Add +8.5% 10,607 $4.2M
R. W. Roge & Company, Inc. 2.34% Reduce -10.3% 10,397 $4.1M
&partners 0.03% Reduce -2.5% 10,302 $4.1M
Consolidated Portfolio Review Corp 0.56% Add +4.2% 10,247 $4.1M
Centricity Wealth Management, LLC 3.23% Add +2.8% 10,183 $4.0M
Valmark Advisers, Inc. 0.06% Add +18.5% 10,099 $4.0M
Flagship Wealth Advisors, LLC 1.50% Add +19.4% 10,014 $4.0M
Mercer Global Advisors Inc. 0.01% Add +35.9% 9,768 $3.9M
Avantax Advisory Services, Inc. 0.02% Add +2.2% 9,712 $3.9M
Beacon Pointe Advisors, LLC 0.04% Reduce -1.9% 9,701 $3.8M
Verum Partners LLC 0.87% Reduce -1.4% 9,534 $3.8M
Asset Management Group, Inc. 0.62% Add +0.1% 8,978 $3.6M
Independent Financial Group, LLC 0.10% Add +24.8% 8,827 $3.5M
Diversified Portfolios, Inc. 0.33% No change 8,796 $3.5M
Dorsey & Whitney Trust CO LLC 0.18% Reduce -13.6% 8,687 $3.4M
First Bancorp, Inc 1.83% Add +13.5% 8,034 $3.2M
Continuum Advisory, LLC 0.38% Add +4838.3% 8,000 $3.2M
Jane Street Group, LLC 0.01% New 7,987 $3.2M
Philadelphia Trust Co. 0.24% No change 7,842 $3.1M
Focused Wealth Management, Inc 0.37% New 7,736 $3.1M
Zhang Financial LLC 0.14% Add +7.7% 7,484 $3.0M
Gladstone Institutional Advisory LLC 0.12% Add +56.0% 7,296 $2.9M
Wells Trecaso Financial Group, LLC 0.89% Add +3.1% 7,277 $2.9M
Great Valley Advisor Group, Inc. 0.06% Reduce -11.1% 7,206 $2.9M
Proficio Capital Partners LLC 0.18% New 1,963,338 $2.9M
CoreCap Advisors, LLC 0.11% Reduce -1.5% 7,067 $2.8M
D.A. Davidson & Co. 0.02% Reduce -0.3% 6,695 $2.7M
Tompkins Financial Corp. 0.23% Reduce -3.3% 6,411 $2.5M
Vanguard Group Inc. 0.00% Reduce -4.5% 6,309 $2.5M
Captrust Financial Advisors 0.01% Add +27.2% 6,213 $2.5M
1900 Wealth Management LLC 0.18% Reduce -1.5% 6,113 $2.4M
Diversify Advisory Services, LLC 0.09% Add +35.4% 5,795 $2.4M
Windward Private Wealth Management Inc. 0.86% Add +4.2% 5,996 $2.4M
Prospera Financial Services Inc 0.04% Add +11.2% 5,917 $2.3M
Moneta Group Investment Advisors LLC 0.03% Add +1.0% 5,836 $2.3M
Baird Financial Group, Inc. 0.00% Add +0.2% 5,645 $2.2M
Ayalon Insurance Comp Ltd. 0.63% No change 5,531 $2.2M
Significant Wealth Partners LLC 1.07% Reduce -8.9% 5,511 $2.2M
Farther Finance Advisors, LLC 0.04% Reduce -46.1% 5,259 $2.1M
Evoke Wealth, LLC 0.05% New 5,243 $2.1M
Simplicity Wealth,LLC 0.09% Reduce -22.1% 5,192 $2.1M
B.O.S.S. Retirement Advisors, LLC 0.51% Reduce -1.6% 5,167 $2.0M
Peapack Gladstone Financial Corp. 0.03% Add +4.0% 5,140 $2.0M
Cresset Asset Management, LLC 0.01% Reduce -0.9% 5,119 $2.0M
Whittier Trust Co. 0.02% No change 5,034 $2.0M
Sequoia Financial Advisors, LLC 0.01% Add +22.7% 4,978 $2.0M
Centaurus Financial, Inc. 0.11% Add +1.5% 4,671 $1.9M
Garde Capital, Inc. 0.10% No change 4,615 $1.8M
GEN Financial Management, INC. 1.50% Reduce -0.0% 4,613 $1.8M
Apollon Wealth Management, LLC 0.04% Add +30.4% 4,600 $1.8M
Essex Bank 0.43% Add +0.6% 4,592 $1.8M
Renaissance Technologies 0.00% New 4,500 $1.8M
Sound View Wealth Advisors Group, LLC 0.13% Add +31.5% 4,472 $1.8M
Tiaa Trust, National Association 0.00% Add +20.5% 4,429 $1.8M
Bawa N Mallick Trust 0.72% No change 4,418 $1.8M
Retirement Planning Group, LLC 0.07% No change 4,418 $1.8M
Elevation Capital Advisory, LLC 0.70% New 4,373 $1.7M
AE Wealth Management LLC 0.01% Add +7.0% 4,311 $1.7M
Liberty Square Wealth Partners LLC 0.59% Add +37.2% 4,290 $1.7M
Balanced Wealth Group LLC 0.73% Reduce -1.4% 4,106 $1.7M
Allworth Financial LP 0.01% Add +3.5% 4,179 $1.7M
Sierra Capital LLC 0.19% Reduce -2.8% 4,091 $1.6M
Simon Quick Advisors, LLC 0.08% No change 4,084 $1.6M
PNC Financial Services Group, Inc. 0.00% Reduce -25.0% 4,067 $1.6M
Concurrent Investment Advisors, LLC 0.03% Reduce -9.7% 4,048 $1.6M
Websterrogers Financial Advisors, LLC 0.51% Add +0.0% 4,022 $1.6M
Integrated Wealth Concepts LLC 0.02% Add +6.1% 3,988 $1.6M
Von Berge Wealth Management Group, LLC 0.89% Add +4.7% 3,903 $1.6M
Rwa Wealth Partners, LLC 0.02% No change 3,938 $1.6M
Midwest Financial Network, LLC 1.55% Reduce -3.1% 3,934 $1.6M
Axis Wealth Partners, LLC 1.01% Add +10.1% 3,881 $1.5M
Pinnacle Associates Ltd. 0.02% Add +41.6% 3,827 $1.5M
High Note Wealth, LLC 0.34% No change 3,785 $1.5M
Wolverine Trading, LLC 0.04% Add +382.9% 3,752 $1.5M
O'shaughnessy Asset Management, LLC 0.01% Reduce -8.1% 3,673 $1.5M
Cadence Bank 0.10% Add +0.9% 3,664 $1.5M
HFG Advisors, Inc. 1.13% Add +0.9% 3,587 $1.4M
EverSource Wealth Advisors, LLC 0.06% Add +435.4% 3,550 $1.4M
RPS Advisory Solutions LLC 0.75% Add +0.6% 3,434 $1.4M
MAI Capital Management 0.01% Reduce -1.5% 3,433 $1.4M
Advisory Services Network, LLC 0.02% Reduce -12.6% 3,314 $1.4M
Citigroup Inc. 0.00% Add +4.5% 3,431 $1.4M
Kingswood Wealth Advisors, LLC 0.11% Reduce -0.0% 3,363 $1.3M
AlphaStar Capital Management, LLC 0.09% New 3,334 $1.3M
Orion Porfolio Solutions, LLC 0.01% Add +38.2% 3,314 $1.3M
Pinnacle Bancorp, Inc. 0.40% No change 3,262 $1.3M
Americana Partners, LLC 0.04% Add +42.3% 3,251 $1.3M
Grantvest Financial Group LLC 0.95% Reduce -2.2% 3,235 $1.3M
Penobscot Investment Management Company, Inc. 0.11% Add +0.1% 3,213 $1.3M
Modera Wealth Management, LLC 0.02% Add +26.1% 3,179 $1.3M
Cwm, LLC 0.00% Add +1.8% 3,179 $1.3M
Pinnacle Wealth Management Advisory Group, LLC 0.10% Add +18.9% 3,150 $1.2M
Seamount Financial Group Inc. 0.63% New 3,100 $1.2M
Compass Financial Group, INC 0.20% No change 3,079 $1.2M
Belpointe Asset Management LLC 0.05% Add +27.0% 3,070 $1.2M
Blair William & Co. 0.00% Add +9.9% 3,066 $1.2M
Integrity Alliance, Llc. 0.07% Reduce -11.4% 3,033 $1.2M
JFS Wealth Advisors, LLC 0.08% Add +349.2% 3,032 $1.2M
KWB Wealth 0.15% Reduce -1.3% 3,593 $1.2M
Summit Asset Management, LLC 0.20% No change 3,029 $1.2M
Financial Engines Advisors L.L.C. 0.00% New 2,969 $1.2M
Modern Wealth Management, LLC 0.03% Add +0.5% 2,902 $1.2M
Ameritas Advisory Services, LLC 0.06% Reduce -65.5% 2,878 $1.1M
Nicolet Bankshares Inc. 0.19% No change 2,841 $1.1M
Apollon Financial, LLC 0.23% Add +1.3% 2,809 $1.1M
Bank of New York Mellon Corp 0.00% Add +60.8% 2,799 $1.1M
Investment Advisory Group, LLC 0.34% Add +0.1% 2,795 $1.1M
Hiley Hunt Wealth Management 0.56% Reduce -7.9% 2,776 $1.1M
AmeriServ Wealth Advisors 0.54% Reduce -75.4% 2,742 $1.1M
Private Trust Co. NA 0.10% No change 2,702 $1.1M
Insight Advisors, LLC/ PA 0.17% Reduce -6.5% 2,691 $1.1M
Gutierrez Wealth Advisory, LLC 0.72% New 2,690 $1.1M
Prudential PLC 0.01% Reduce -20.7% 2,682 $1.1M
Gries Financial LLC 0.19% No change 2,618 $1.0M
Envestnet Portfolio Solutions, Inc. 0.00% Reduce -57.6% 2,581 $1.0M
Bank of New Hampshire 0.25% Add +40.0% 2,578 $1.0M
SBI Securities Co., Ltd. 0.03% Add +1.3% 2,577 $1.0M
Pathstone Holdings, LLC 0.00% Reduce -11.1% 2,528 $1.0M
Cornerstone Wealth Management, LLC 0.06% Reduce -35.1% 2,495 $989K
Wealthcare Advisory Partners LLC 0.02% Add +0.0% 2,484 $985K
Novare Capital Management LLC 0.08% No change 2,464 $977K
Cherrydale Wealth Management, LLC 0.33% New 2,369 $940K
Ignite Planners, LLC 0.16% Add +0.1% 2,269 $919K
Sax Wealth Advisors, LLC 0.05% Add +0.0% 2,287 $907K
CWS Financial Advisors, LLC 0.25% Add +1.9% 2,206 $875K
Foundations Investment Advisors, LLC 0.01% Add +17.6% 2,195 $870K
Ieq Capital, LLC 0.01% Reduce -9.5% 2,159 $856K
RKL Wealth Management LLC 0.07% New 2,150 $853K
Csenge Advisory Group 0.04% Reduce -42.6% 2,276 $850K
WealthCare Investment Partners, LLC 0.31% Add +0.2% 2,125 $849K
Silver Oak Securities, Incorporated 0.07% Add +17.2% 2,124 $842K
GPS Wealth Strategies Group, LLC 0.10% Add +689.9% 2,109 $836K
Laurel Wealth Planning LLC 0.47% No change 2,100 $833K
Focus Partners Advisor Solutions, LLC 0.01% Reduce -0.2% 2,066 $819K
Synovus Financial Corp. 0.01% Add +5.5% 2,057 $816K
Iams Wealth Management, LLC 0.37% New 2,033 $806K
Triton Wealth Management, PLLC 0.34% — 1,946 $795K
Archer Investment Corp 0.19% Add +13.6% 2,004 $795K
Carnegie Investment Counsel 0.02% Add +44.3% 1,965 $779K
United Advisor Group, LLC 0.13% Add +2.9% 1,964 $779K
Maia Wealth LLC 0.15% Reduce -2.4% 1,956 $776K
Monograph Wealth Advisors, LLC 0.10% No change 1,955 $775K
IHT Wealth Management, LLC 0.02% Add +2.7% 1,922 $762K
PFG Investments, LLC 0.04% Add +12.9% 1,886 $748K
Johnson Investment Counsel Inc. 0.01% Add +3.4% 1,875 $744K
Glenmede Investment Management, LP 0.00% — 1,870 $742K
Commerce Bank 0.00% No change 1,867 $740K
Bank of Montreal 0.00% Add +4.0% 1,863 $739K
Parsons Capital Management Inc. 0.04% Add +1.7% 1,839 $729K
Blackston Financial Advisory Group, LLC 0.46% Reduce -4.3% 1,837 $728K
Daymark Wealth Partners, LLC 0.03% Reduce -13.2% 1,802 $715K
One Day In July LLC 0.06% Add +180.8% 1,797 $713K
Kestra Private Wealth Services, LLC 0.01% Add +70.2% 1,796 $712K
Accredited Investors Inc. 0.04% No change 1,788 $709K
Independent Advisor Alliance 0.02% Add +0.6% 1,770 $702K
Rodgers & Associates, LTD 0.08% Add +3.3% 1,736 $688K
Hobart Private Capital, LLC 0.15% No change 1,717 $681K
Security Financial Services, INC. 0.12% Reduce -8.4% 1,715 $680K
Wealthquest Corp 0.05% No change 1,712 $679K
Highview Capital Management LLC 0.26% Add +38.4% 1,710 $678K
Fortis Capital Advisors, LLC 0.12% Add +30.2% 1,708 $677K
Nicholas Hoffman & Company, LLC. 0.02% No change 1,708 $677K
Birchcreek Wealth Management, LLC 0.38% Add +13.8% 1,692 $671K
Steward Partners Investment Advisory, LLC 0.01% Add +28.7% 1,680 $666K
Moloney Securities Asset Management, LLC 0.08% Add +13.3% 1,679 $666K
Greenleaf Trust 0.01% No change 1,675 $664K
CapWealth Advisors, LLC 0.07% No change 1,663 $659K
Benjamin Edwards Inc. 0.01% New 1,662 $659K
EP Wealth Advisors, LLC 0.00% Add +36.6% 1,633 $648K
Creative Financial Designs Inc. 0.05% Reduce -4.7% 1,613 $639K
Fifth Third Wealth Advisors LLC 0.03% Reduce -46.9% 1,605 $636K
Main Street Financial Solutions, LLC 0.05% Add +4.1% 1,597 $633K
Fairscale Capital, LLC 0.46% Add +2.9% 1,525 $627K
Northeast Financial Consultants Inc 0.03% Add +0.1% 1,555 $617K
AQR Capital Management 0.00% Add +46.2% 1,551 $615K
Bluesphere Advisors LLC 0.30% Reduce -19.9% 1,522 $604K
Traynor Capital Management, Inc. 0.04% Reduce -11.8% 1,523 $599K
Childress Capital Advisors, LLC 0.15% New 1,484 $588K
Cassaday & Co Wealth Management LLC 0.01% No change 1,481 $587K
Brookwood Investment Group LLC 0.09% Add +6.2% 1,479 $586K
MWA Asset Management 0.35% Add +25.8% 1,457 $578K
Condor Capital Management 0.05% New 1,452 $576K
Gateway Wealth Partners, LLC 0.11% New 1,451 $575K
Arkadios Wealth Advisors 0.02% No change 1,440 $571K
Pacific Point Advisors, LLC 0.31% No change 1,435 $569K
Arkos Global Advisors 0.08% No change 1,427 $566K
Holderness Investments Co. 0.12% Reduce -0.1% 1,389 $551K
Ritholtz Wealth Management 0.01% Add +6.2% 1,381 $548K
ABLE Financial Group, LLC 0.13% New 1,352 $536K
Lido Advisors, LLC 0.00% Reduce -2.0% 1,351 $536K
IFP Advisors, Inc 0.02% Reduce -9.4% 1,332 $528K
Net Worth Advisory Group 0.12% Add +1.1% 1,324 $525K
James J. Burns & Company, LLC 0.09% Reduce -9.0% 1,320 $523K
NRI Wealth Management LC 0.31% Add +12.5% 1,316 $522K
Assetmark, Inc. 0.00% Add +7.8% 1,306 $518K
Compound Planning, Inc. 0.02% Reduce -22.7% 1,304 $517K
Cary Street Partners Financial LLC 0.01% Reduce -21.9% 1,303 $517K
Global Retirement Partners, LLC 0.01% — 1,296 $514K
Empower Advisory Group, LLC 0.00% Reduce -1.1% 1,296 $514K
Summa Corp. 0.27% New 1,287 $510K
Transcend Capital Advisors, LLC 0.04% Add +13.2% 1,284 $509K
BOK Financial Private Wealth, Inc. 0.03% No change 1,271 $504K
Level Four Advisory Services, LLC 0.02% Add +0.5% 1,269 $503K
Black Diamond Financial, LLC 0.08% No change 1,263 $501K
Fifth Third Bancorp 0.00% New 1,262 $500K
Invesco Ltd. 0.00% New 1,258 $499K
Lion Street Advisors, LLC 0.15% Reduce -20.3% 1,256 $498K
Southland Equity Partners LLC 0.11% No change 1,238 $491K
Stratos Wealth Partners, LTD. 0.01% Add +40.2% 1,227 $487K
Parallel Advisors, LLC 0.01% Add +5.5% 1,222 $485K
Calton & Associates, Inc. 0.08% Add +4.6% 1,218 $483K
Gemmer Asset Management LLC 0.04% No change 1,211 $480K
Guidance Point Advisors, LLC 0.13% Add +1.4% 1,202 $477K
Westmount Partners, LLC 0.13% Reduce -9.7% 1,195 $474K
IFG Advisors, LLC 0.08% No change 1,192 $473K
Aspire Growth Partners LLC 0.38% Reduce -50.1% 1,173 $465K
Franklin Resources Inc. 0.00% Add +0.3% 1,172 $465K
Mather Group, Llc. 0.00% Reduce -4.1% 1,163 $461K
Battery Global Advisors, LLC 0.23% No change 1,158 $459K
StoneX Group Inc. 0.02% Reduce -10.4% 1,158 $459K
Ring Mountain Capital, LLC 0.28% No change 1,124 $455K
Arete Wealth Advisors, LLC 0.03% No change 1,134 $450K
Stephens Inc. 0.01% No change 1,119 $444K
626 Financial, LLC 0.21% No change 1,106 $439K
Aspiriant, LLC 0.01% Add +9.4% 1,105 $438K
Western Wealth Management, LLC 0.03% Add +14.1% 1,103 $437K
Trustmark Bank Trust Department 0.03% No change 1,100 $436K
Fragasso Financial Advisors Inc 0.03% Add +0.1% 1,089 $432K
Legacy Edge Advisors, LLC 0.06% No change 1,084 $430K
Manhattan West Asset Management, LLC 0.10% No change 1,073 $425K
Florida Financial Advisors, LLC 0.10% Add +59.7% 1,070 $424K
Koshinski Asset Management, Inc. 0.03% Add +4.4% 1,065 $422K
Bragg Financial Advisors, Inc 0.02% No change 1,063 $422K
Evergreen Capital Management LLC 0.01% No change 1,057 $419K
Old National Bancorp 0.01% No change 1,049 $416K
Quotient Wealth Partners, LLC 0.01% No change 1,044 $414K
Squire Investment Management Company, LLC 0.15% No change 1,040 $412K
GW Henssler & Associates Ltd. 0.02% No change 1,034 $410K
Russell Investments Group, Ltd. 0.00% Add +362.8% 1,032 $409K
Pasadena Private Wealth, LLC 0.07% No change 1,025 $406K
McAdam, LLC 0.02% Reduce -1.7% 1,020 $404K
Elite Financial, Inc. 0.20% New 985 $404K
W Advisors, LLC 0.23% New 1,017 $403K
Founders Grove Wealth Partners, LLC 0.10% New 1,016 $403K
Fort Sheridan Advisors LLC 0.06% New 996 $395K
Westwind Capital 0.08% Reduce -9.9% 995 $395K
Walker Asset Management, LLC 0.23% No change 990 $393K
Forvis Mazars Wealth Advisors, LLC 0.01% New 987 $391K
Sapient Capital LLC 0.01% No change 975 $387K
Qube Research & Technologies Ltd 0.00% Add +66.3% 971 $385K
Quadrature Capital Ltd 0.01% New 963 $383K
Harbour Investments, Inc. 0.01% Add +15.0% 953 $378K
Canandaigua National Bank & Trust Co. 0.03% Reduce -2.8% 935 $371K
Cowa, LLC 0.14% New 923 $365K
Cloud Capital Management, LLC 0.23% No change 886 $363K
New England Private Wealth Advisors LLC 0.05% Add +0.1% 880 $362K
OneAscent Financial Services LLC 0.03% Add +29.9% 903 $358K
Vident Advisory, LLC 0.00% Reduce -0.8% 901 $357K
Mill Creek Capital Advisors, LLC 0.01% No change 900 $357K
Roberts Wealth Advisors, LLC 0.10% Add +0.3% 899 $356K
CreativeOne Wealth, LLC 0.01% New 889 $353K
SageView Advisory Group, LLC 0.01% Add +0.7% 851 $351K
United Capital Financial Advisors, LLC 0.00% Add +31.3% 876 $347K
Hurlow Wealth Management Group, Inc. 0.10% No change 875 $347K
Calamos Advisors LLC 0.00% No change 873 $346K
Tucker Asset Management LLC 0.11% Reduce -1.0% 872 $346K
Signature Estate & Investment Advisors LLC 0.01% Add +1.5% 861 $341K
Reynders McVeigh Capital Management, LLC 0.02% Reduce -18.9% 856 $340K
Cape Investment Advisory, Inc. 0.12% Reduce -20.1% 852 $338K
Geneos Wealth Management Inc. 0.01% No change 848 $336K
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.05% New 843 $334K
Sepio Capital, LP 0.02% Reduce -0.1% 843 $334K
Northeast Financial Group, Inc. 0.11% Reduce -7.8% 839 $333K
Regal Investment Advisors LLC 0.02% No change 837 $332K
Howard Bailey Securities, LLC 0.10% Add +0.1% 813 $322K
Maridea Wealth Management LLC 0.08% Add +8.7% 813 $322K
Jaffetilchin Investment Partners, LLC 0.02% Reduce -0.3% 813 $322K
Silicon Valley Capital Partners 0.03% Add +0.1% 812 $322K
Apeiron RIA LLC 0.08% No change 811 $322K
Valued Retirements, Inc. 0.36% Add +0.6% 811 $322K
Insight 2811, Inc. 0.15% Add +12.9% 806 $320K
Smith Salley Wealth Management 0.02% New 800 $317K
HSBC Holdings PLC 0.00% No change 800 $317K
Naviter Wealth, LLC 0.04% New 797 $316K
Brown Brothers Harriman & Co. 0.00% No change 797 $316K
Blue Oak Capital, LLC 0.17% Reduce -3.9% 796 $316K
Creekmur Asset Management LLC 0.06% No change 790 $313K
Innovative Wealth Building LLC 0.26% Reduce -2.9% 783 $310K
Advisors Capital Management, LLC 0.00% No change 777 $308K
Saxony Capital Management, LLC 0.23% Add +25.4% 771 $306K
Regions Financial Corp. 0.00% No change 771 $306K
Acropolis Investment Management, LLC 0.02% New 770 $305K
Kohmann Bosshard Financial Services, LLC 0.03% No change 763 $303K
Cooper/Haims Advisors, LLC 0.15% No change 762 $302K
Sagespring Wealth Partners, LLC 0.01% Add +6.0% 762 $302K
WealthBridge Capital Management, LLC 0.08% Add +15.7% 759 $301K
Florida Trust Wealth Management Co 0.01% No change 750 $297K
Richwood Investment Advisors, LLC 0.24% Reduce -6.2% 746 $296K
Revisor Wealth Management LLC 0.11% No change 738 $296K
Aptus Capital Advisors, LLC 0.00% Reduce -9.2% 740 $293K
World Investment Advisors 0.01% No change 734 $291K
DB Fitzpatrick & Co, Inc 0.26% Add +2.7% 729 $289K
Roundview Capital LLC 0.02% Reduce -1.4% 728 $289K
Chancellor Financial Group WB LP 0.22% No change 725 $288K
Wealthfront Advisers LLC 0.00% New 725 $287K
Clarity Wealth Advisors, LLC 0.07% No change 722 $286K
Evelyn Partners Asset Management Ltd 0.07% No change 720 $286K
Root Financial Partners, LLC 0.03% New 718 $285K
Chicago Partners Investment Group LLC 0.01% Add +7.7% 697 $284K
Pacific Center for Financial Services 0.08% No change 708 $281K
Flagstar Securities, Inc. 0.08% No change 708 $281K
Clearstead Advisors, LLC 0.00% Reduce -28.9% 707 $280K
ForthRight Wealth Management, LLC 0.09% No change 707 $280K
Cardiff Park Advisors, LLC 0.02% Add +0.1% 706 $280K
Bison Wealth, LLC 0.02% Reduce -29.9% 699 $279K
Willner & Heller, LLC 0.23% Add +0.1% 693 $275K
TruWealth Advisors, LLC 0.02% No change 690 $274K
LifeGoal Investments, LLC 0.26% Reduce -4.7% 687 $272K
Performance Wealth Partners, LLC 0.01% New 686 $272K
My Personal CFO, LLC 0.12% Add +0.1% 672 $267K
Parr McKnight Wealth Management Group, LLC 0.04% No change 672 $266K
First Heartland Consultants, Inc. 0.02% No change 671 $266K
Pacific Asset Management, LLC 0.21% No change 666 $264K
Kelly Lawrence W & Associates Inc. 0.07% No change 665 $264K
Market Street Wealth Management Advisors LLC 0.04% Reduce -1.8% 665 $264K
SevenBridge Financial Group, LLC 0.05% No change 629 $263K
Members Trust Co 0.01% No change 661 $262K
NorthCoast Asset Management LLC 0.00% Add +3.5% 658 $261K
Laffer Tengler Investments, Inc. 0.06% New 657 $261K
Dopkins Wealth Management, LLC 0.12% No change 650 $258K
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% Reduce -0.5% 650 $258K
waypoint wealth counsel 0.13% Add +1.6% 642 $255K
Wealthspire Retirement, LLC 0.02% Add +0.2% 640 $254K
Griffin Asset Management, Inc. 0.03% No change 635 $252K
One Capital Management, LLC 0.01% Reduce -96.6% 633 $251K
First Manhattan Co. Llc. 0.00% Add +2.3% 631 $250K
Snowden Capital Advisors LLC 0.01% New 629 $250K
Thoroughbred Financial Services, LLC 0.02% No change 626 $248K
Financial Alternatives, Inc 0.16% No change 620 $246K
Obsidian Personal Planning Solutions LLC 0.10% No change 615 $244K
Accretive Wealth Partners, LLC 0.08% Add +0.2% 612 $243K
Beaumont Financial Advisors, LLC 0.02% No change 611 $242K
Laird Norton Wetherby Wealth Management, LLC 0.01% — 611 $242K
LongView Wealth Management 0.07% No change 608 $241K
Nwam LLC 0.01% Reduce -26.8% 584 $240K
Principal Securities, Inc. 0.00% Add +3.5% 600 $238K
Dunhill Financial, LLC 0.07% Add +0.7% 599 $238K
CENTRAL TRUST Co 0.01% No change 591 $234K
Terra Nova Asset Management LLC 0.16% New 590 $234K
Bernardo Wealth Planning LLC 0.05% New 588 $233K
Retirement Solution LLC 0.06% New 586 $233K
Savvy Advisors, Inc. 0.02% New 582 $231K
CIBC Private Wealth Group LLC 0.00% Add +0.2% 582 $231K
Clifford Swan Investment Counsel LLC 0.01% New 579 $230K
Crumly & Associates Inc. 0.06% New 578 $229K
SouthState Bank Corp 0.01% No change 578 $229K
Smartleaf Asset Management LLC 0.02% New 575 $227K
Nicolet Advisory Services, LLC 0.02% Reduce -13.7% 563 $227K
Delta Investment Management, LLC 0.04% New 560 $222K
C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors 0.01% New 560 $222K
Summit Place Financial Advisors, LLC 0.11% New 557 $221K
Veracity Capital LLC 0.08% New 548 $217K
North Star Asset Management Inc. 0.01% New 548 $217K
Pacific Sun Financial Corp 0.11% New 545 $216K
Scotia Capital Inc. 0.00% New 540 $214K
Hoertkorn Richard Charles 0.09% No change 534 $212K
Valtinson Bruner Financial Planning LLC 0.07% New 532 $211K
Tactive Advisors, LLC 0.07% — 529 $210K
Channel Wealth LLC 0.06% New 529 $210K
Concord Asset Management, LLC 0.03% New 522 $207K
Concord Wealth Partners 0.03% Add +3.4% 522 $207K
Oppenheimer & Co. Inc. 0.00% New 521 $207K
Vanguard Personalized Indexing Management, LLC 0.00% New 520 $206K
Bridgewater Advisors Inc. 0.02% New 500 $205K
ARS Wealth Advisors Group, LLC 0.02% New 515 $204K
AlphaCore Capital LLC 0.01% No change 514 $204K
Zacks Investment Management 0.00% New 509 $202K
Chapin Davis, Inc. 0.06% New 509 $202K
AMG National Trust Bank 0.01% New 505 $200K
HB Wealth Management, LLC 0.00% Reduce -52.5% 504 $200K
Robinswood Financial LLC 0.07% Add +5.5% 498 $197K
Evermay Wealth Management LLC 0.02% No change 480 $190K
MassMutual Private Wealth & Trust, FSB 0.00% New 465 $184K
GAMMA Investing LLC 0.01% No change 456 $181K
SOA Wealth Advisors, LLC. 0.03% Add +76.3% 453 $180K
GeoWealth Management, LLC 0.01% No change 451 $179K
Icon Wealth Advisors, LLC 0.01% No change 430 $171K
Phillips Financial Management, LLC 0.01% No change 413 $164K
Beacon Capital Management, LLC 0.02% Add +132.8% 398 $158K
Arax Advisory Partners 0.01% Reduce -0.3% 395 $157K
HM Payson & Co. 0.00% No change 367 $146K
First Horizon Advisors, Inc. 0.00% Add +340.7% 357 $142K
AdvisorNet Financial, Inc 0.01% No change 352 $140K
Rialto Wealth Management, LLC 0.04% Reduce -14.9% 342 $136K
Salomon & Ludwin, LLC 0.01% No change 340 $135K
Accredited Wealth Management, LLC 0.10% No change 303 $120K
Bessemer Group Inc. 0.00% No change 294 $117K
BlackRock, Inc. 0.00% Add +46.5% 293 $116K
Ameriflex Group, Inc. 0.06% No change 287 $112K
GHP Investment Advisors, Inc. 0.00% No change 275 $109K
Cornerstone Planning Group LLC 0.02% No change 261 $107K
Princeton Global Asset Management LLC 0.02% Add +4283.3% 263 $104K
Berkshire Money Management, Inc. 0.01% New 248 $98K
Asset Dedication, LLC 0.01% Add +2.1% 244 $97K
Golden State Wealth Management, LLC 0.01% Add +61.9% 225 $89K
Bartlett & Co. Wealth Management LLC 0.00% No change 214 $85K
Clean Yield Group 0.02% No change 207 $82K
Glen Eagle Advisors, LLC 0.01% Add +5.1% 206 $82K
VSM Wealth Advisory, LLC 0.03% Add +1.5% 199 $79K
Union Savings Bank 0.04% Reduce -25.8% 190 $78K
Signaturefd, LLC 0.00% Reduce -38.5% 195 $77K
Hilltop National Bank 0.02% — 191 $76K
Belvedere Trading LLC 0.01% Reduce -89.6% 189 $75K
Evergreen Private Wealth LLC 0.03% No change 188 $75K
MCF Advisors LLC 0.00% No change 180 $72K
Clarity Asset Management, Inc. 0.04% New 180 $71K
New England Capital Financial Advisors LLC 0.03% No change 169 $67K
Atlas Capital Advisors Inc. 0.01% No change 161 $64K
Hantz Financial Services, Inc. 0.00% New 162 $63K
Fairway Wealth LLC 0.02% No change 156 $62K
Anchor Investment Management, LLC 0.01% No change 149 $59K
Plante Moran Financial Advisors, LLC 0.00% No change 148 $59K
JDM Financial Group LLC 0.03% No change 146 $58K
Headlands Technologies LLC 0.01% Reduce -71.0% 145 $57K
Arlington Trust Co LLC 0.01% New 143 $57K
DecisionPoint Financial, LLC 0.01% New 142 $56K
Bogart Wealth, LLC 0.00% Add +68.7% 140 $56K
Cherry Tree Wealth Management, LLC 0.01% Add +29.3% 137 $54K
Spire Wealth Management 0.00% Reduce -0.7% 136 $54K
Vestor Capital, LLC 0.00% Reduce -76.1% 140 $53K
Cullen/Frost Bankers, Inc. 0.00% New 131 $52K
Barrett & Company, Inc. 0.02% No change 119 $47K
HighMark Wealth Management LLC 0.02% No change 111 $44K
Abound Wealth Management 0.01% Add +120.0% 110 $44K
Ridgewood Investments LLC 0.02% No change 110 $44K
Farmers & Merchants Investments Inc. 0.00% Add +49.3% 109 $43K
Bokf, NA 0.00% New 101 $40K
Provenance Wealth Advisors, LLC 0.01% New 100 $40K
1 North Wealth Services LLC 0.01% No change 95 $38K
Tower Research Capital LLC (TRC) 0.00% New 95 $38K
Bear Mountain Capital, Inc. 0.01% Add +1.2% 84 $34K
Old Second National Bank of Aurora 0.01% No change 85 $34K
Howe & Rusling Inc. 0.00% New 77 $31K
Johnson Financial Group, Inc. 0.00% Add +13.4% 76 $30K
Mid-American Wealth Advisory Group, Inc. 0.01% New 76 $30K
Lanark Financial, Inc. 0.00% No change 74 $29K
Financial Perspectives, Inc 0.01% No change 73 $29K
Sunbelt Securities, Inc. 0.00% No change 73 $27K
Sage Mountain Advisors LLC 0.00% No change 66 $26K
Westside Investment Management, Inc. 0.00% No change 62 $25K
LOM Asset Management Ltd 0.01% — 60 $24K
Atlantic Union Bankshares Corp 0.00% New 60 $24K
Colonial Trust Advisors 0.00% No change 60 $24K
Hartford Financial Management Inc. 0.01% No change 58 $23K
Signature Resources Capital Management, LLC 0.01% No change 55 $22K
New Millennium Group LLC 0.01% Reduce -10.3% 52 $21K
WFA of San Diego, LLC 0.01% — 50 $20K
West Branch Capital LLC 0.01% No change 50 $20K
Tsfg, LLC 0.00% Add +6.8% 47 $19K
Strategic Wealth Partners, Ltd. 0.00% — 45 $18K
Halbert Hargrove Global Advisors, LLC 0.00% No change 43 $17K
Glass Jacobson Investment Advisors llc 0.01% No change 42 $17K
CX Institutional 0.00% No change 41 $16K
Duncker Streett & Co. Inc. 0.00% No change 40 $16K
Rothschild Investment LLC 0.00% Add +660.0% 38 $15K
Avion Wealth 0.00% No change 40 $15K
Quaker Wealth Management, LLC 0.00% — 36 $14K
Toth Financial Advisory Corp. 0.00% No change 33 $13K
Strategic Investment Solutions, Inc. 0.00% No change 30 $12K
Sound Income Strategies, LLC 0.00% Reduce -87.9% 29 $12K
National Bank of Canada 0.00% Add +25.0% 25 $10K
Atwood & Palmer Inc. 0.00% No change 25 $10K
Wilmington Savings Fund Society, FSB 0.00% New 25 $10K
Chesapeake Asset Management LLC 0.01% Reduce -46.7% 24 $10K
North Star Investment Management Corp. 0.00% Add +43.8% 23 $9K
BNP Paribas Financial Markets 0.00% New 23 $9K
MJT & Associates Financial Advisory Group, Inc. 0.01% No change 22 $9K
Tradewinds Capital Management, LLC 0.00% Reduce -79.8% 21 $8K
St Germain D J Co. Inc. 0.00% No change 21 $8K
TD Waterhouse Canada Inc. 0.00% No change 21 $8K
PrairieView Partners, LLC 0.00% New 22 $8K
Addison Advisors LLC 0.00% No change 20 $8K
Beaird Harris Wealth Management, LLC 0.00% No change 20 $8K
Brooklyn Investment Group 0.00% New 19 $7K
NFSG Corp 0.00% No change 18 $7K
Cranbrook Wealth Management, LLC 0.00% No change 15 $6K
Arcadia Investment Management Corp. 0.00% No change 15 $6K
Olistico Wealth, LLC 0.00% New 14 $6K
Transce3nd, LLC 0.00% No change 14 $6K
Moisand Fitzgerald Tamayo, LLC 0.00% No change 14 $6K
Valley National Advisers Inc. 0.00% New 13 $5K
ORG Partners LLC 0.00% No change 10 $4K
Lowe Wealth Advisors, LLC 0.00% No change 10 $4K
LRI Investments, LLC 0.00% New 10 $4K
Caldwell Sutter Capital, Inc. 0.00% No change 9 $4K
JNBA Financial Advisors 0.00% No change 8 $3K
Morse Asset Management, Inc 0.00% No change 8 $3K
Wood Tarver Financial Group, LLC 0.00% No change 10 $3K
Elevation Wealth Partners, LLC 0.00% No change 7 $3K
Central Pacific Bank - Trust Division 0.00% Reduce -56.3% 7 $3K
Bellevue Asset Management, LLC 0.00% No change 6 $2K
Aventura Private Wealth, LLC 0.00% No change 5 $2K
MTM Investment Management, LLC 0.00% New 5 $2K
Rossby Financial, LCC 0.00% New 5 $2K
Luminist Capital LLC 0.00% Reduce -95.0% 5 $2K
Federation des caisses Desjardins du Quebec 0.00% No change 4 $2K
Mowery & Schoenfeld Wealth Management, LLC 0.00% No change 3 $1K
Prudent Man Investment Management, Inc. 0.00% No change 3 $1K
Private Wealth Management Group, LLC 0.00% Add +100.0% 2 $796
Blue Trust, Inc. 0.00% Add +100.0% 2 $794
Twin Peaks Wealth Advisors, LLC 0.00% New 1 $418
Glassman Wealth Services 0.00% No change 1 $397
Activest Wealth Management 0.00% Add +0.0% 1 $246

"% of holder's portfolio" is VOOG's weight in each manager's 13F, not the share of Vanguard S&P 500 Growth ETF the manager owns.