VWO · VANGUARD EMERGING MARKETS STOCK INDEX FUND · Holdings ETF

$58.16 -0.09 (-0.15%)

Volume · Oct 21 5.18M Avg daily vol (3M) 6.73M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 679

Total Value: $5,262,204,379

Total Shares: 88,723,735

Showing 1–100 of 679 holdings by value · page 1 of 7

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 679 13F filers · Δ vs Jun 30, 2026

Top Holder

18.0%

+7.7 pts

Top 5

32.5%

+5.7 pts

Top 10

39.3%

−1.9 pts

HHI

413

Broadly held+159

Who Holds VWO

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 2,618 filers, like-for-like change +2.3%; actively managed books +2.7%; index-like books +0.3%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	42.8%	1,816	+1.6%	98	55
Exempt adviser	0.0%	2	-8.8%	0	2
Adviser	1.3%	19	-2.2%	0	1
Bank	23.8%	51	+2.3%	1	1
Insurer	0.2%	5	+1320.8%	2	0
Broker-dealer	1.1%	2	+3.3%	0	0
Benefit plan	0.8%	3	-1.8%	0	0
Non-US	0.1%	6	-0.3%	1	0
Holding company	5.5%	12	+2.1%	1	0
Unknown	24.4%	702	+3.3%	45	30

Style	Share	Filers	Change	New	Exited
Index-like	11.6%	20	+0.3%	3	1
Systematic-like	0.0%	6	+137.4%	4	4
Concentrated	29.9%	1,328	+2.8%	72	49
Diversified active	58.4%	1,261	+2.7%	69	31
Unknown	0.0%	3	-76.2%	0	4
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	86.6%	1,899	+2.1%	84	44
Medium turnover	4.5%	355	+3.2%	34	21
High turnover	0.2%	36	+47.1%	11	11
Unknown	8.8%	328	+2.9%	19	13
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	8.2%	308	+5.0%	21	16
Medium horizon	5.2%	678	-4.9%	46	33
Long horizon	86.0%	1,572	+2.4%	71	36
Unknown	0.6%	60	+22.2%	10	4
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	6.5%	1,700	+0.4%	107	67
$1B to $10B	19.3%	720	+1.3%	32	11
$10B to $100B	28.4%	144	+4.7%	6	8
$100B or more	45.7%	54	+1.5%	3	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	34.3%	1,606	+1.9%	85	40
Pooled investment vehicles	4.3%	24	+8.2%	0	3
Registered funds and BDCs	1.7%	28	-0.7%	3	5
Pension and profit sharing plans	0.7%	33	-26.9%	1	1
Insurance companies	0.1%	7	-4.4%	0	2
Charitable organizations	0.1%	12	-2.7%	1	0
Governments and sovereign funds	0.1%	9	+0.7%	1	0
Banks and thrifts	0.0%	3	+0.7%	0	0
Corporations	0.1%	11	+16.1%	1	0
Other investment advisers	0.2%	17	-40.4%	1	0
Other	0.5%	9	+6.4%	0	0
Diversified	0.8%	52	+1.0%	5	4
Unknown	57.2%	807	+2.9%	50	34

Private funds	Share	Filers	Change	New	Exited
Hedge funds	1.3%	83	+9.4%	6	6
Private equity funds	4.2%	62	-0.4%	2	2
Venture capital funds	0.0%	8	-10.8%	0	1
Real estate funds	0.8%	22	+20.2%	0	0
Liquidity funds	0.0%	1	-1.8%	0	0
Securitized asset funds	0.0%	2	-28.7%	0	1
Other private funds	3.4%	69	+1.7%	3	3
Mixed private funds	0.3%	15	+2.1%	1	0
Private funds, type not stated	0.1%	12	-3.4%	0	2
No private funds	32.6%	1,542	+1.2%	86	42
Unknown	57.2%	802	+2.9%	50	32

Location	Share	Filers	Change	New	Exited
United States	93.0%	2,523	+2.3%	140	81
Outside the US	7.0%	95	+1.6%	8	8

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 44 holders with no observed 2026-03-31 13F and 41 holders with no observed 2026-06-30 13F. Compared across CIK changes: 4 filers continue as Evelyn Partners Group Ltd.

Conviction and Crowding

2,618 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

702

26.8% of filers hold it in their top 10

Mar 31, 2026: 747

Holders above 5%

100

median weight 0.236%

Mar 31, 2026: 150

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

41.3%

of 13F shares, Herfindahl 0.026

Active holders

+2.7%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 22.0 quarters

Under 1 year 9.05% 1 to 3 years 5.34% 3 years or more 85.6% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net sellers of $2,468 (1 buying, 1 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$49.74

estimated per share

Mar 31, 2026: $48.52

Quarter-end price

$59.67

implied by 13F values

Estimated gain or loss

+20.0%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 5.58% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of VWO by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	980,829	4
Active funds	346,219	8
Unclassified	1,393,551	4
All registered funds	2,720,599	16

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

339

Decreased

222

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -1,944

Institutional value: -94.1%

Shares held: -94.1%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+1,367,382	15,967,792
Mid Wedmont Private Capital	+280,189	3,851,859
Mid CLIFTONLARSONALLEN WEALTH ADVISORS, LLC	+255,816	4,480,430
Small Warwick Investment Management, Inc.	+230,850	442,385
Large Sumitomo Mitsui DS Asset Management Company, Ltd	+210,418	534,145

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid Auto-Owners Insurance Co	−805,500	505,216
Mid Acropolis Investment Management, LLC	−262,790	752,964
Small RIVERSEDGE ADVISORS, LLC	−156,112	235,719
Small Beirne Wealth Consulting Services, LLC	−134,321	16,132
Small MinichMacGregor Wealth Management, LLC	−87,928	300,422

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Small Schear Investment Advisers, LLC	36,782	$2,181,540
Small GRANITE ISLANDS PRIVATE WEALTH, LLC	36,380	$2,157,697
Small Rydar Equities, Inc.	21,654	$1,284,298
Small Matthew Goff Investment Advisor, LLC	16,153	$958,034
Small Jeter Robert S II	15,721	$932,412

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Micro Newport Capital Group, LLC	85,296	$5,091,318
Small Green Ridge Wealth Planning LLC	67,463	$4,026,866
Small FIDUCIARY ADVISORS, INC.	31,700	$1,892,173
Small HARMONY ASSET MANAGEMENT LLC	8,641	$515,781
Small OceanIQ Capital, LLC	8,000	$477,520

Filter: New 28 Increased 339 Reduced 222 Sold out 17 Unchanged 83

Holder type: Registered adviser 468 Exempt adviser 2 Adviser 1 Bank 8 Unknown 200

Showing 100 of 679

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC VWO

$947,049,743

18.00%

15,967,792

CLIFTONLARSONALLEN WEALTH ADVISORS, LLC VWO

$265,734,303

5.05%

4,480,430

Wedmont Private Capital VWO

$228,453,757

4.34%

3,851,859

TD Waterhouse Canada Inc. VWO

$147,631,605

2.81%

2,489,152

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TORONTO DOMINION BANK	2,489,152	$147,631,605	100.0%	Defined

Apella Capital, LLC VWO

$118,786,720

2.26%

2,002,811

MATHER GROUP, LLC. VWO

$103,595,234

1.97%

1,746,674

Clark Asset Management, LLC VWO

$70,833,161

1.35%

1,194,287

Concurrent Investment Advisors, LLC VWO

$65,752,667

1.25%

1,108,627

DAVENPORT & Co LLC VWO

$60,845,951

1.16%

1,025,897

Klingman & Associates, LLC VWO

$58,286,902

1.11%

982,750

PATRIOT INVESTMENT MANAGEMENT GROUP, INC. VWO

$56,068,293

1.07%

945,343

OLD NATIONAL BANCORP /IN/ VWO

$48,849,435

0.93%

823,629

Diversify Advisory Services, LLC VWO

$48,390,673

0.92%

815,894

DIVERSIFY WEALTH MANAGEMENT, LLC VWO

$48,390,673

0.92%

815,894

Matrix Trust Co VWO

$44,793,165

0.85%

755,238

Acropolis Investment Management, LLC VWO

$44,658,294

0.85%

752,964

Vontobel Holding Ltd. VWO

$44,595,603

0.85%

751,907

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Vontobel Asset Management Ltd	246,211	$14,602,774	32.7%	Defined
Vontobel Swiss Financial Advisers AG	505,696	$29,992,829	67.3%	Defined

Farther Finance Advisors, LLC VWO

$40,365,496

0.77%

680,585

Vision Capital Management, Inc. VWO

$39,527,149

0.75%

666,450

Kathmere Capital Management, LLC VWO

$36,564,318

0.69%

616,495

Hudock, Inc. VWO

$35,811,318

0.68%

603,799

Valeo Financial Advisors, LLC VWO

$35,680,243

0.68%

601,589

MOODY NATIONAL BANK TRUST DIVISION VWO

$35,298,465

0.67%

595,152

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MOODY BANCSHARES INC joint	329,571	$19,546,856	55.4%	Defined
Held directly	265,581	$15,751,609	44.6%	Sole

Atria Investments, Inc VWO

$33,754,744

0.64%

569,124

Tanager Wealth Management LLP VWO

$33,693,714

0.64%

568,095

WoodTrust Financial Corp VWO

$33,083,118

0.63%

557,800

KWMG, LLC VWO

$32,333,676

0.61%

545,164

Sumitomo Mitsui DS Asset Management Company, Ltd VWO

$31,680,139

0.60%

534,145

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Sumitomo Mitsui Financial Group, Inc.	534,145	$31,680,139	100.0%	Defined

Hanson & Doremus Investment Management VWO

$31,175,411

0.59%

525,635

Auto-Owners Insurance Co VWO

$29,964,360

0.57%

505,216

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Owners Insurance Co	313,000	$18,564,030	62.0%	Defined
Held directly	192,216	$11,400,330	38.0%	Sole

Legacy Private Trust Co. VWO

$27,503,410

0.52%

463,723

AdvisorNet Financial, Inc VWO

$27,485,025

0.52%

463,413

Signal Advisors Wealth, LLC VWO

$26,374,919

0.50%

444,696

Warwick Investment Management, Inc. VWO

$26,237,854

0.50%

442,385

First Bank & Trust VWO

$25,558,635

0.49%

430,933

Van Cleef Asset Management,Inc VWO

$25,535,742

0.49%

430,547

C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors VWO

$24,641,407

0.47%

415,468

Aspen Wealth Management LLC VWO

$24,495,030

0.47%

413,000

BEACON INVESTMENT ADVISORY SERVICES, INC. VWO

$24,156,369

0.46%

407,290

Foster Group, Inc. VWO

$23,906,378

0.45%

403,075

Boston Standard Wealth Management, LLC VWO

$23,010,915

0.44%

387,977

NISA INVESTMENT ADVISORS, LLC VWO

$22,982,625

0.44%

387,500

Bangor Savings Bank VWO

$22,434,125

0.43%

378,252

Whitcomb & Hess, Inc. VWO

$22,220,194

0.42%

374,645

GP Brinson Investments LLC VWO

$21,904,369

0.42%

369,320

PATTON FUND MANAGEMENT, INC. VWO

$21,345,491

0.41%

359,897

Human Investing LLC VWO

$21,181,261

0.40%

357,128

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Betterment LLC	22,092	$1,310,276	6.2%	Defined
Held directly	335,036	$19,870,985	93.8%	Sole

WealthBridge Investment Counsel Inc. VWO

$20,743,672

0.39%

349,750

MISSION WEALTH MANAGEMENT, LP VWO

$20,499,137

0.39%

345,627

BAILARD, INC. VWO

$20,459,814

0.39%

344,964

Praetorian Wealth Management, Inc. VWO

$20,415,747

0.39%

344,221

Marotta Asset Management VWO

$20,247,485

0.38%

341,384

Avior Wealth Management, LLC VWO

$19,967,719

0.38%

336,667

Focus Financial Network, Inc. VWO

$19,767,607

0.38%

333,293

CANTOR FITZGERALD INVESTMENT ADVISORS L.P. VWO

$19,669,568

0.37%

331,640

SHRIER WEALTH MANAGEMENT, LLC VWO

$18,794,686

0.36%

316,889

Blankinship & Foster, LLC VWO

$18,473,997

0.35%

311,482

PETREDIS INVESTMENT ADVISORS LLC VWO

$18,380,406

0.35%

309,904

Robinswood Financial LLC VWO

$18,050,227

0.34%

304,337

MinichMacGregor Wealth Management, LLC VWO

$17,818,028

0.34%

300,422

Gleason Group, Inc. VWO

$17,289,458

0.33%

291,510

Stonehearth Capital Management, LLC VWO

$17,134,777

0.33%

288,902

WestHill Financial Advisors, Inc. VWO

$17,075,349

0.32%

287,900

Midwest Financial Partners Investments, Inc. VWO

$17,070,189

0.32%

287,813

MassMutual Private Wealth & Trust, FSB VWO

$16,702,407

0.32%

281,612

Conrad Siegel Investment Advisors, Inc. VWO

$16,546,718

0.31%

278,987

Barry Investment Advisors, LLC VWO

$16,473,767

0.31%

277,757

FINANCIAL LIFE ADVISORS VWO

$16,073,127

0.31%

271,002

MOLLER WEALTH PARTNERS VWO

$15,991,280

0.30%

269,622

Charles Schwab Trust Co VWO

$15,864,357

0.30%

267,482

Dynamic Advisor Solutions LLC VWO

$15,534,415

0.30%

261,919

RTD Financial Advisors, Inc. VWO

$15,491,356

0.29%

261,193

Sarasin & Partners LLP VWO

$15,150,502

0.29%

255,446

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Sarasin Asset Management Ltd	255,446	$15,150,502	100.0%	Defined

Twele Capital Management, Inc. VWO

$15,096,767

0.29%

254,540

SigFig Wealth Management, LLC VWO

$14,868,898

0.28%

250,698

FERGUSON WELLMAN CAPITAL MANAGEMENT, INC VWO

$14,695,001

0.28%

247,766

Fluent Financial, LLC VWO

$14,498,032

0.28%

244,445

CFS Investment Advisory Services, LLC VWO

$14,494,770

0.28%

244,390

SIGNATURE ESTATE & INVESTMENT ADVISORS LLC VWO

$14,302,724

0.27%

241,152

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIGNATURE INVESTMENT ADVISORS LLC	69,107	$4,098,736	28.7%	Defined
Held directly	172,045	$10,203,988	71.3%	Sole

Brindle & Bay Financial Advisors, LLC VWO

$14,206,405

0.27%

239,528

RIVERSEDGE ADVISORS, LLC VWO

$13,980,493

0.27%

235,719

DEFINE FINANCIAL, LLC VWO

$13,792,066

0.26%

232,542

Coastline Trust Co VWO

$13,769,231

0.26%

232,157

RETIREMENT FINANCIAL SOLUTIONS, LLC VWO

$13,678,190

0.26%

230,622

Grove Bank & Trust VWO

$13,601,798

0.26%

229,334

IFG Advisors, LLC VWO

$13,068,958

0.25%

220,350

Affiance Financial, LLC VWO

$12,678,224

0.24%

213,762

Roberts Wealth Advisors, LLC VWO

$12,508,597

0.24%

210,902

PRIVATE CLIENT SERVICES, LLC VWO

$12,159,261

0.23%

205,012

CoreCap Advisors, LLC VWO

$12,068,102

0.23%

203,475

Everhart Financial Group, Inc. VWO

$11,939,933

0.23%

201,314

BROWN WEALTH MANAGEMENT, LLC VWO

$11,694,686

0.22%

197,179

Freedom Financial Partners LLC VWO

$11,680,036

0.22%

196,932

Ariston Services Group VWO

$11,652,339

0.22%

196,465

CYPRESS FINANCIAL PLANNING LLC VWO

$11,575,414

0.22%

195,168

Cordoba Advisory Partners LLC VWO

$11,543,030

0.22%

194,622

Cambridge Advisors Inc. VWO

$11,538,879

0.22%

194,552

Pachira Investments Inc. VWO

$11,215,758

0.21%

189,104

MYECFO, LLC VWO

$11,132,664

0.21%

187,703

Newton One Investments LLC VWO

$10,820,872

0.21%

182,446

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