VANGUARD SPECIALIZED FUNDS

Ticker: VIG CUSIP: 921908844 Class: DIV APP ETF

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
BANK OF AMERICA CORP /DE/24,739,680$5,437,287
MORGAN STANLEY12,774,029$2,807,477
WELLS FARGO & COMPANY/MN10,814,160$2,376,736
VANGUARD GROUP INC10,690,700$2,349,602
Wealthfront Advisers LLC9,879,191$2,171,249
LPL Financial LLC6,909,821$1,518,640
UBS Group AG6,258,850$1,375,570
HB Wealth Management, LLC5,705,891$1,241,058
RAYMOND JAMES FINANCIAL INC5,591,809$1,228,968
ROYAL BANK OF CANADA4,159,179$914,105
JPMORGAN CHASE & CO3,244,650$713,109
PRUDENTIAL FINANCIAL INC2,700,391$598,056
AMERIPRISE FINANCIAL INC2,617,848$575,528
COMMONWEALTH EQUITY SERVICES, LLC2,571,410$565,144
HighTower Advisors, LLC2,357,937$518,227
ENVESTNET ASSET MANAGEMENT INC2,297,764$505,003
SIGNATUREFD, LLC2,147,173$471,906
OSAIC HOLDINGS, INC.1,888,222$415,195
JONES FINANCIAL COMPANIES LLLP1,736,188$381,579
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO1,576,329$346,446
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC1,572,682$352,393
Modera Wealth Management, LLC1,550,778$340,830
Mariner, LLC1,392,298$306,001
Corient Private Wealth LLC1,365,472$294,934
Joel Isaacson & Co., LLC1,318,257$289,727
Howard Capital Management Inc.1,231,457$270,650
Waverly Advisors, LLC1,216,612$267,387
CAPTRUST FINANCIAL ADVISORS1,205,106$264,858
TRUST POINT INC.1,201,786$264,129
Cetera Investment Advisers1,175,067$258,256
Creative Planning1,126,535$247,590
Bank of New York Mellon Corp1,069,026$234,951
STIFEL FINANCIAL CORP1,058,581$232,662
MAI Capital Management996,705$219,056
BROWN ADVISORY INC978,762$215,112
ASPIRIANT, LLC954,027$209,676
MANUFACTURERS LIFE INSURANCE COMPANY, THE894,996$196,713
Cambridge Investment Research Advisors, Inc.860,343$189
Cerity Partners LLC857,698$188,505
TRUIST FINANCIAL CORP857,525$188,467
Rockefeller Capital Management L.P.828,705$182,133
Cresset Asset Management, LLC779,047$171,219
MERCER GLOBAL ADVISORS INC /ADV772,653$170,121
Confluence Wealth Services, Inc.771,539$169,569
DAVENPORT & Co LLC760,858$167,221
BANK OF MONTREAL /CAN/753,580$165,622
Nicholas Hoffman & Company, LLC.747,782$164,348
GOLDMAN SACHS GROUP INC717,447$157,681
Focus Partners Wealth688,833$151,343
BLAIR WILLIAM & CO/IL673,554$148,034
Diversified Enterprises, LLC665,052$146,165
Baird Financial Group, Inc.640,862$140,849
Private Advisor Group, LLC617,239$135,657
MML INVESTORS SERVICES, LLC590,724$129,829
Janney Montgomery Scott LLC584,802$129
&PARTNERS575,385$127,508
GLENMEDE TRUST CO NA570,930$125,479
Kestra Advisory Services, LLC541,017$118,905
FIFTH THIRD BANCORP488,974$107,467
Sanctuary Advisors, LLC473,415$104,047
Steward Partners Investment Advisory, LLC471,538$103,635
TD PRIVATE CLIENT WEALTH LLC469,285$103,139
FRANKLIN RESOURCES INC451,838$99,305
FMR LLC449,187$98,722
Haverford Trust Co402,947$88,560
PNC Financial Services Group, Inc.382,031$83,963
360 Financial, Inc.380,314$83,585
IEQ CAPITAL, LLC364,855$80,188
NewEdge Advisors, LLC356,184$78,282
Systematic Alpha Investments, LLC353,000$77,582
Sequoia Financial Advisors, LLC348,480$76,589
Hubbell Strickland Wealth Management, LLC344,235$75,656
Stokes Family Office, LLC342,887$75,360
PARK AVENUE SECURITIES LLC336,436$74
Brookstone Capital Management329,974$72,522
Baltimore-Washington Financial Advisors, Inc.317,797$69,846
Perfromance Wealth Partners, LLC314,584$69,139
Paragon Capital Management Ltd308,695$67,845
Beacon Pointe Advisors, LLC304,599$66,945
Advisor OS, LLC303,355$66,671
Adviser Investments LLC301,164$66,190
MJP ASSOCIATES INC /ADV294,138$64,646
Berkshire Money Management, Inc.283,087$62,217
PDS Planning, Inc277,806$61,056
Equitable Holdings, Inc.274,489$60,327
True Link Financial Advisors, LLC270,984$59,557
PLANNING ALTERNATIVES LTD /ADV267,563$58,805
Provenance Wealth Advisors, LLC265,824$58,423
Enclave Advisors LLC265,206$58,287
Evensky & Katz LLC260,157$57
US BANCORP \DE\252,156$55,419
Wealth Architects, LLC245,249$53,901
GLOBALT Investments LLC / GA240,847$52,933
Principle Wealth Partners LLC231,695$50,922
NORTHERN TRUST CORP230,229$50,600
Noble Family Wealth, LLC225,987$49,667
New England Private Wealth Advisors LLC225,971$49,664
Avantax Planning Partners, Inc.225,257$49,507
Intellus Advisors LLC219,825$48,313
CITIGROUP INC213,122$46,840
2379 other institutions46,901,499$9,894,430
Total (2,479 institutions)216,091,809$46,625,661