VANGUARD WELLINGTON FD

Ticker: VFMO CUSIP: 921935508 Class: US MOMENTUM

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

InstitutionSharesValue ($000)
RITHOLTZ WEALTH MANAGEMENT651,008$124,505
Strategic Financial Services, Inc,284,153$58,496
GREAT VALLEY ADVISOR GROUP, INC.159,160$30,439
DAVIDSON INVESTMENT ADVISORS146,589$28,035
LPL Financial LLC140,128$26,800
CABOT WEALTH MANAGEMENT INC114,327$21,865
ANDERSON HOAGLAND & CO113,683$21,742
RAYMOND JAMES FINANCIAL INC113,298$21,668
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management106,121$20,296
Systelligence, LLC105,314$20,141
Cetera Investment Advisers85,311$16,315
ENVESTNET ASSET MANAGEMENT INC84,162$16,096
Financial Partners Group, Inc49,507$9,999
Armbruster Capital Management, Inc.44,991$8,605
UBS Group AG43,066$8,236
NewEdge Advisors, LLC33,307$6,370
Private Advisor Group, LLC32,393$6,195
Hobart Private Capital, LLC31,458$6,016
Thrivent Financial for Lutherans29,592$6
Merit Financial Group, LLC26,873$5,139
BANK OF AMERICA CORP /DE/26,806$5,127
&PARTNERS26,056$4,974
LINCOLN CAPITAL CORP25,877$4,949
Stratos Wealth Advisors, LLC25,313$4,841
Redhawk Wealth Advisors, Inc.22,673$4,336
OSAIC HOLDINGS, INC.21,377$4,089
Cambridge Investment Research Advisors, Inc.20,847$4
Betterment LLC20,783$4
COMMONWEALTH EQUITY SERVICES, LLC19,708$3,769
UMB Bank, n.a.19,308$3,693
Financial Freedom, LLC18,421$3,523
Farther Finance Advisors, LLC14,581$2,789
Payne Capital LLC14,092$2,695
Wilkins Miller Wealth Management, LLC13,825$2,644
Kestra Advisory Services, LLC13,152$2,515
WIN ADVISORS, INC12,996$2,486
Nova R Wealth, Inc.12,082$2,311
WEDBUSH SECURITIES INC11,148$2
Toroso Investments, LLC10,470$2,002
Aspect Partners, LLC9,559$1,828
Janney Montgomery Scott LLC9,288$2
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC9,283$1,775
Caitlin John, LLC9,160$1,752
Valued Retirements, Inc.8,337$1,594
IAM Advisory, LLC8,276$1,583
Compass Ion Advisors, LLC8,242$1,576
IEQ CAPITAL, LLC8,179$1,564
COMERICA BANK8,158$1,560
Nova Wealth Management, Inc.7,805$1,493
BLB&B Advisors, LLC7,250$1,387
Clearstead Advisors, LLC7,051$1,349
OPPENHEIMER & CO INC6,634$1,269
PFG Advisors6,465$1,236
THOROUGHBRED FINANCIAL SERVICES, LLC6,121$1
TFB Advisors LLC5,803$1,110
Buckingham Strategic Partners5,659$1,082
Odyssey Capital Advisors, Inc.5,602$1,071
Wealthcare Advisory Partners LLC5,147$984
MERCER GLOBAL ADVISORS INC /ADV5,037$963
Global Retirement Partners, LLC4,735$906
O'SHAUGHNESSY ASSET MANAGEMENT, LLC4,571$874
HARBOUR INVESTMENTS, INC.4,236$810
ROYAL BANK OF CANADA4,018$769
MML INVESTORS SERVICES, LLC3,980$761
Apollon Wealth Management, LLC3,939$753
Kathmere Capital Management, LLC3,842$735
Redwood Family Wealth LLC3,826$732
PRINCIPAL SECURITIES, INC.3,720$711
Diversify Advisory Services, LLC3,671$759
SMITH, MOORE & CO.3,601$689
SAGESPRING WEALTH PARTNERS, LLC3,467$663
United Advisor Group, LLC3,303$632
OneDigital Investment Advisors LLC3,287$629
Signal Advisors Wealth, LLC3,242$620
LAZARI CAPITAL MANAGEMENT, INC.3,083$590
Soltis Investment Advisors LLC3,066$586
OLD MISSION CAPITAL LLC2,971$568
Breakwater Capital Group2,843$544
Advisory Services Network, LLC2,830$541
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO2,724$521
Cerity Partners LLC2,680$513
JANE STREET GROUP, LLC2,647$506
PARK AVENUE SECURITIES LLC2,619$1
CreativeOne Wealth, LLC2,520$482
Mariner, LLC2,484$475
PARTNERS WEALTH MANAGEMENT, LLC2,463$471
Waverly Advisors, LLC2,412$461
Virtus Family Office LLC2,360$451
TECTONIC ADVISORS LLC2,337$447
SUSQUEHANNA INTERNATIONAL GROUP, LLP2,336$447
Seed Wealth Management, Inc.2,330$446
Concurrent Investment Advisors, LLC2,275$435
MORGAN STANLEY2,271$434
FLAGSHIP WEALTH ADVISORS, LLC2,250$430
Arkadios Wealth Advisors2,249$430
DAVIDSON TRUST CO2,218$424
PACIFIC SUN FINANCIAL CORP2,139$409
Riverview Trust Co2,128$407
Chicago Partners Investment Group LLC2,072$428
Clark Wealth Partners2,007$384
58 other institutions45,401$8,600
Total (158 institutions)3,058,165$570,371