VANGUARD GROWTH ETF

VUG's Q1 2026 institutional ownership is a $112.8B book across 2,642 holders. Bank of America is the largest holder at $23.9B (54.6M shares, +14.2%, +$513M from $21.1B); Jones Financial is second at $16.6B (39.2M shares, -0.4%, -$2.6B from $18.1B); Morgan Stanley is third at $6.5B (14.9M shares, +3.4%); Envestnet is fourth at $3.8B (8.7M shares, +15.9%, +$63M); UBS Group is fifth at $2.7B (6.1M shares, +17.3%, +$96M). The Q1 2026 flow is net-trim: Jones Financial's -$2.6B reduction is the largest absolute decrease. Corient Private Wealth cut -$787M (-66.3%, from $1.4B to $617M). LPL Financial -$321M (-1.6%); Wells Fargo -$176M; Morgan Stanley's shares increased but value declined -$526M (mark-to-market artifact); Fidelity -$137M; BNY Mellon -$142M; Ameriprise -$141M; RWA Wealth -$133M; Mill Creek -$120M; Northwestern Mutual Investment Management not in top-20? It's not in the listed topHolders. Bank of America +$513M; UBS Group +$96M; Raymond James +$174M (+8.7%); Goldman Sachs +$159M (+8.8%); RBC +$106M; Fifth Third +$60M (+2.1%); Baird +$66M; First Command +$32M; DA Davidson +$74M; Northern Trust not in top-20 for VUG; Glenmede not in top-20. The most notable pattern: Wealth-platform managers (Envestnet, Raymond James, Goldman Sachs, RBC, Fifth Third) added modestly, while the largest holder (Jones Financial) materially reduced. The 75.50 whaleScore reflects AUM. Smart-money-signal read: VUG's Q1 2026 holder picture is net-trim from the largest active holder (Jones Financial -$2.6B) offset by modest adds from RIA-and-bank-affiliated platforms. The defining feature is the divergence between Jones Financial's significant reduction and the modest accumulation from other wealth platforms. No strong consensus signal exists for VUG this quarter.