Vanguard Total Stock Market Index Fund ETF Shares(VTI)
AI Look-Through Summary
AI GeneratedThe Vanguard Total Stock Market Index Fund ETF Shares offers broad exposure to the U.S. equity landscape, yet its current composition reveals a pronounced tilt toward large-cap technology leaders. With an expense ratio of 0.030% and assets under management exceeding $2 trillion, the fund maintains significant scale while keeping costs minimal for investors. The sector allocation highlights that over one-third of the portfolio is concentrated within Technology, driven heavily by mega-cap names like NVIDIA, Apple, Microsoft, Broadcom, Alphabet, and Meta. This heavy weighting suggests the fund's performance will be closely correlated with the valuation trajectories of these specific giants rather than reflecting a more diversified industrial or consumer staples base.
Concentration risk is further evident when examining individual stock weights; the top ten holdings collectively represent nearly 35% of total assets, with the technology sector alone accounting for roughly 17 percentage points within that group. While Apple and Microsoft individually hold substantial positions exceeding four percent each, the aggregate influence of the tech sector creates a distinct geographic and thematic bias despite the fund's "total market" designation. Financial Services follows as the second-largest sector at 10%, providing some diversification but failing to offset the dominance of communication services and consumer cyclicals which round out the top five sectors.
Quantitatively, the fund's structure implies that returns will be heavily influenced by growth dynamics in software hardware semiconductors rather than value-oriented plays or international exposure. The sheer size of the asset base ensures liquidity is not a constraint for institutional flows, yet investors must recognize that this specific snapshot captures a market environment where innovation-driven equities command disproportionate weight relative to historical averages across all sectors.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-23 01:55:57.591261+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 95/100The investment theme implied by the name "Total Stock Market" is accurately reflected in the fund's composition, which encompasses a vast array of sectors rather than focusing on a specific niche. The top holdings include major players across technology, financial services, communication services, and consumer industries, demonstrating that the portfolio captures the breadth of the U.S. equity market as intended. There are no significant deviations where unrelated mega-cap stocks dominate to the exclusion of other thematic elements; instead, the concentration in large-cap names serves to stabilize returns while maintaining broad exposure. The presence of diverse sectors such as energy and utilities alongside technology ensures that the fund does not appear to be masking a narrow focus under the guise of total market coverage.
Sector weights exhibit strong coherence with a comprehensive market strategy, where no single industry dominates to an extent that would suggest a hidden thematic bias. Technology accounts for over thirty percent of assets, which is consistent with current market capitalization trends rather than indicating a deliberate distortion from a broader index benchmark. The fund maintains meaningful allocations across financials, healthcare, and industrials, ensuring the portfolio remains differentiated only by its inclusion criteria rather than active sector selection. This structure confirms that the vehicle functions as a genuine proxy for the entire investable universe, avoiding the pitfalls of concentration risk while delivering exposure to all major economic drivers without artificial restrictions or thematic skewing.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 03:36:11.327867+00
⚠️ Systemic Risk Synthesis
AI GeneratedThe newly disclosed risk factors from the top holdings of this fund highlight a convergence of macro-level threats centered on regulatory compliance and operational cost inflation. A significant portion of these disclosures points to increasing scrutiny regarding climate change regulations, data privacy standards, and artificial intelligence governance. These themes suggest that external policy environments are shifting in ways that could materially impact financial conditions across major technology sectors. The specific mention of adherence requirements potentially driving up costs indicates a systemic trend where regulatory bodies are imposing stricter mandates on environmental stewardship and digital ethics, creating a shared headwind for large-cap equities.
The concentration of these risk categories within the fund's largest positions signals a notable degree of correlated downside exposure. With NVDA alone representing 6.6% of the portfolio flagging risks related to climate regulations, cybersecurity costs, and AI compliance, there is a distinct clustering of vulnerability among high-weight assets. This overlap suggests that adverse developments in regulatory frameworks or enforcement actions could simultaneously affect multiple top holdings rather than isolating impact on single entities. The fact that similar themes appear across different companies implies that the fund's performance may be increasingly sensitive to macroeconomic shifts driven by government policy and societal expectations regarding technology use, potentially amplifying volatility if these regulations tighten further.
While systemic risks dominate the current disclosures, company-specific factors remain relevant due to individual weightings. For instance, NVDA carries a disproportionately large 6.6% allocation within this fund, meaning any material adverse impact from its specific compliance challenges with climate or AI regulations would have an outsized effect on overall portfolio returns compared to lower-weighted names like WMT or XOM. The interplay between these high-impact regulatory risks and the sheer size of certain positions underscores the importance of monitoring how individual companies navigate evolving legal landscapes, as their outcomes will directly influence the aggregate risk profile of the fund without necessarily predicting future market movements.
Synthesized from constituent 10-K risk factor disclosures. Not investment advice. Updated: 2026-05-24 02:09:30.595954+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of Vanguard Total Stock Market Index Fund ETF Shares reveals a heavy weighting toward the technology, financial services, and communication services sectors, which together constitute nearly half of the portfolio. This distribution reflects an investment thesis centered on capturing broad U.S. equity market exposure while inherently favoring industries that have demonstrated significant growth trajectories in recent years. The substantial 31.1% allocation to technology is not merely a standalone position but is further amplified by the fund's top five holdings, which are exclusively concentrated within technology and communication services. This specific composition indicates a strong tilt toward large-cap mega-growth companies, as evidenced by the fact that three of the top five individual positions—NVIDIA, Apple, and Microsoft—are all classified under the technology sector alone.
Such a concentration creates distinct factor tilts where size and momentum play critical roles in the fund's overall risk profile. The top-10 holdings accounting for 33.7% of assets underscores that while the fund aims to represent the total market, its performance will be disproportionately influenced by a small group of dominant players rather than being evenly distributed across thousands of smaller issuers. This structure inherently exposes the portfolio to higher volatility if these specific mega-cap names underperform relative to mid- or small-cap segments not represented in this data snapshot. Furthermore, the relatively lower allocations to defensive sectors like utilities and basic materials suggest that the fund's current beta is likely elevated compared to a balanced market benchmark, potentially limiting downside protection during periods of economic contraction while amplifying gains when growth-oriented assets rally. The presence of multiple holdings within overlapping industries also suggests that diversification benefits may be partially diluted by sector-specific correlations rather than being driven purely by broad asset class separation.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-21 02:40:06.647663+00
💰 Smart Money Narrative
AI Generated[Smart Money] The recent filing data for Vanguard Total Stock Market Index Fund ETF Shares reveals a divergent approach among major market participants, highlighting complex positioning strategies within the broad equity landscape. Two Sigma executed a substantial reduction in its holdings, trimming over half of its stake and reducing exposure to approximately $102 million. This significant drawdown suggests a strategic de-escalation or a reallocation of capital away from this specific large-cap vehicle toward other opportunities not reflected in these filings. In contrast, RenTech demonstrated aggressive accumulation, surging its position by nearly 67% to reach a value of roughly $23 million. Such a rapid and pronounced increase often signals high conviction regarding the asset's future trajectory or an attempt to secure liquidity before anticipated market movements.
Citadel maintained its presence with a modest incremental addition, nudging its stake up slightly while holding a substantial baseline exposure near $99 million. This measured approach indicates that Citadel views VTI as a core component of its portfolio rather than a speculative trade requiring drastic adjustment. The juxtaposition of Two Sigma's sharp exit against RenTech's aggressive entry underscores the fluid nature of institutional sentiment, where even within the same sector, firms may be executing opposing tactical maneuvers based on differing risk assessments or alpha generation models. These shifts collectively illustrate that smart money is actively repositioning around this security, with some entities reducing footprint while others are rapidly scaling in, reflecting a dynamic recalibration of views on broad market exposure rather than uniform consensus.
AI synthesis of institutional 13F flow patterns. Not investment advice. Updated: 2026-04-05 14:35:03.294158+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share VTI's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of VTI's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| VONEVONE | $10B | — | 486 | 88.8% |
| QUSQUS | $1B | — | 457 | 88.0% |
| SPTMSPTM | $12B | — | 462 | 87.6% |
| VOOVanguard S&P 500 ETF | $1.5T | 0.03% | 423 | 86.6% |
| SPYState Street SPDR S&P 500 ETF Trust | $640B | 0.09% | 422 | 86.5% |
89% of VTI's portfolio by weight is also held by VONE. When VONE receives inflows, it mechanically buys these shared stocks — dragging VTI's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofVTI's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 97% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 76% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside VTI collectively pay out 36% of their Free Cash Flow to maintain the current yield. This leaves a substantial cash buffer, making dividend cuts unlikely even in a downturn. Based on 59% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryVTI is up 28.7% over the last 12 months. The underlying weighted earnings growth of its constituents is +39.5%. Despite earnings growth, valuations have contracted by 10.8% — the market is paying less per dollar of earnings than a year ago.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 74% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of VTI's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of VTI's analyzed weight, 78% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 22% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 71% of fund weight with available data. Not investment advice.
Passive Crowding Score
MODERATEHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
VTI has a Passive Crowding Score of 36/100. On average, 10.7% of the market capitalization of VTI's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 52 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA Corp. Technology | 6.63% | 32.4x | 4/9 |
| 2 | AAPL | Apple Inc. Technology | 5.74% | 37.7x | 8/9 |
| 3 | MSFT | Microsoft Corp. Technology | 4.36% | 26.8x | 5/9 |
| 4 | AMZN | Amazon.com Inc. Consumer Cyclical | 3.69% | 31.7x | 6/9 |
| 5 | GOOGL | Alphabet Inc. Class A Communication Services | 3.23% | 29.0x | 6/9 |
| 6 | AVGO | Broadcom Inc. Technology | 2.85% | 86.9x | 8/9 |
| 7 | GOOG | Alphabet Inc. Class C Communication Services | 2.54% | 28.7x | 6/9 |
| 8 | META | Facebook Inc. Class A Communication Services | 1.93% | 23.0x | 5/9 |
| 9 | TSLA | Tesla Inc. Consumer Cyclical | 1.55% | 399.8x | 5/9 |
| 10 | BRK.B | Berkshire Hathaway Inc. Class B Financial Services | 1.22% | 14.1x | — |
| 11 | LLY | Eli Lilly & Co. Healthcare | 1.14% | 39.2x | 7/9 |
| 12 | JPM | JPMorgan Chase & Co. Financial Services | 1.14% | 14.3x | 3/9 |
| 13 | XOM | Exxon Mobil Corp. Energy | 0.93% | 24.5x | 5/9 |
| 14 | MU | Micron Technology Inc. Technology | 0.84% | 45.9x | 7/9 |
| 15 | WMT | Walmart Inc. Consumer Defensive | 0.83% | 40.8x | 7/9 |
Historical Holdings Snapshots
Browse how VTI’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 38.6% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 6.63% | 735,572,895 | $146.8B |
| 2 | AAPL | 5.74% | 467,796,005 | $126.9B |
| 3 | MSFT | 4.36% | 236,608,975 | $96.5B |
| 4 | AMZN | 3.69% | 307,849,549 | $81.6B |
| 5 | GOOGL | 3.23% | 185,466,712 | $71.4B |
| 6 | AVGO | 2.85% | 151,074,317 | $63.1B |
| 7 | GOOG | 2.54% | 147,327,496 | $56.3B |
| 8 | META | 1.93% | 69,691,666 | $42.6B |
| 9 | TSLA | 1.55% | 89,683,177 | $34.2B |
| 10 | BRK.B | 1.22% | 57,029,714 | $27.0B |
| 11 | JPM | 1.14% | 80,231,099 | $25.1B |
| 12 | LLY | 1.14% | 27,053,382 | $25.3B |
| 13 | XOM | 0.93% | 132,772,446 | $20.5B |
| 14 | MU | 0.84% | 35,862,386 | $18.5B |
| 15 | WMT | 0.83% | 139,686,570 | $18.4B |
2026-05-23
15 holdings · 38.6% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 6.63% | 735,572,895 | $146.8B |
| 2 | AAPL | 5.74% | 467,796,005 | $126.9B |
| 3 | MSFT | 4.36% | 236,608,975 | $96.5B |
| 4 | AMZN | 3.69% | 307,849,549 | $81.6B |
| 5 | GOOGL | 3.23% | 185,466,712 | $71.4B |
| 6 | AVGO | 2.85% | 151,074,317 | $63.1B |
| 7 | GOOG | 2.54% | 147,327,496 | $56.3B |
| 8 | META | 1.93% | 69,691,666 | $42.6B |
| 9 | TSLA | 1.55% | 89,683,177 | $34.2B |
| 10 | BRK.B | 1.22% | 57,029,714 | $27.0B |
| 11 | LLY | 1.14% | 27,053,382 | $25.3B |
| 12 | JPM | 1.14% | 80,231,099 | $25.1B |
| 13 | XOM | 0.93% | 132,772,446 | $20.5B |
| 14 | MU | 0.84% | 35,862,386 | $18.5B |
| 15 | WMT | 0.83% | 139,686,570 | $18.4B |
2026-05-22
15 holdings · 38.6% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 6.63% | 735,572,895 | $146.8B |
| 2 | AAPL | 5.74% | 467,796,005 | $126.9B |
| 3 | MSFT | 4.36% | 236,608,975 | $96.5B |
| 4 | AMZN | 3.69% | 307,849,549 | $81.6B |
| 5 | GOOGL | 3.23% | 185,466,712 | $71.4B |
| 6 | AVGO | 2.85% | 151,074,317 | $63.1B |
| 7 | GOOG | 2.54% | 147,327,496 | $56.3B |
| 8 | META | 1.93% | 69,691,666 | $42.6B |
| 9 | TSLA | 1.55% | 89,683,177 | $34.2B |
| 10 | BRK.B | 1.22% | 57,029,714 | $27.0B |
| 11 | LLY | 1.14% | 27,053,382 | $25.3B |
| 12 | JPM | 1.14% | 80,231,099 | $25.1B |
| 13 | XOM | 0.93% | 132,772,446 | $20.5B |
| 14 | MU | 0.84% | 35,862,386 | $18.5B |
| 15 | AMD | 0.83% | 51,950,463 | $18.4B |
2026-05-21
15 holdings · 38.6% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 6.63% | 735,572,895 | $146.8B |
| 2 | AAPL | 5.74% | 467,796,005 | $126.9B |
| 3 | MSFT | 4.36% | 236,608,975 | $96.5B |
| 4 | AMZN | 3.69% | 307,849,549 | $81.6B |
| 5 | GOOGL | 3.23% | 185,466,712 | $71.4B |
| 6 | AVGO | 2.85% | 151,074,317 | $63.1B |
| 7 | GOOG | 2.54% | 147,327,496 | $56.3B |
| 8 | META | 1.93% | 69,691,666 | $42.6B |
| 9 | TSLA | 1.55% | 89,683,177 | $34.2B |
| 10 | BRK.B | 1.22% | 57,029,714 | $27.0B |
| 11 | JPM | 1.14% | 80,231,099 | $25.1B |
| 12 | LLY | 1.14% | 27,053,382 | $25.3B |
| 13 | XOM | 0.93% | 132,772,446 | $20.5B |
| 14 | MU | 0.84% | 35,862,386 | $18.5B |
| 15 | WMT | 0.83% | 139,686,570 | $18.4B |
2026-05-20
15 holdings · 38.6% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 6.63% | 735,572,895 | $146.8B |
| 2 | AAPL | 5.74% | 467,796,005 | $126.9B |
| 3 | MSFT | 4.36% | 236,608,975 | $96.5B |
| 4 | AMZN | 3.69% | 307,849,549 | $81.6B |
| 5 | GOOGL | 3.23% | 185,466,712 | $71.4B |
| 6 | AVGO | 2.85% | 151,074,317 | $63.1B |
| 7 | GOOG | 2.54% | 147,327,496 | $56.3B |
| 8 | META | 1.93% | 69,691,666 | $42.6B |
| 9 | TSLA | 1.55% | 89,683,177 | $34.2B |
| 10 | BRK.B | 1.22% | 57,029,714 | $27.0B |
| 11 | JPM | 1.14% | 80,231,099 | $25.1B |
| 12 | LLY | 1.14% | 27,053,382 | $25.3B |
| 13 | XOM | 0.93% | 132,772,446 | $20.5B |
| 14 | MU | 0.84% | 35,862,386 | $18.5B |
| 15 | WMT | 0.83% | 139,686,570 | $18.4B |
2026-05-19
15 holdings · 38.6% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 6.63% | 735,572,895 | $146.8B |
| 2 | AAPL | 5.74% | 467,796,005 | $126.9B |
| 3 | MSFT | 4.36% | 236,608,975 | $96.5B |
| 4 | AMZN | 3.69% | 307,849,549 | $81.6B |
| 5 | GOOGL | 3.23% | 185,466,712 | $71.4B |
| 6 | AVGO | 2.85% | 151,074,317 | $63.1B |
| 7 | GOOG | 2.54% | 147,327,496 | $56.3B |
| 8 | META | 1.93% | 69,691,666 | $42.6B |
| 9 | TSLA | 1.55% | 89,683,177 | $34.2B |
| 10 | BRK.B | 1.22% | 57,029,714 | $27.0B |
| 11 | LLY | 1.14% | 27,053,382 | $25.3B |
| 12 | JPM | 1.14% | 80,231,099 | $25.1B |
| 13 | XOM | 0.93% | 132,772,446 | $20.5B |
| 14 | MU | 0.84% | 35,862,386 | $18.5B |
| 15 | WMT | 0.83% | 139,686,570 | $18.4B |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this ETF's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Price Chart with Moving Averages
What Drove VTI Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current price of VTI is trading below its 50-day moving average but above the 200-day moving average, suggesting a potential near-term weakness within an ongoing broader uptrend. With the Relative Strength Index (RSI) at 37.4, indicating it is in oversold territory, this could imply that the security may be due for a short-term rebound if historical patterns persist.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Smart Money Flow
Institutional 13F filings from top hedge funds. Positions updated quarterly from SEC EDGAR.
| Fund | Quarter | Shares Δ | % Change | Action |
|---|---|---|---|---|
| Two Sigma | 2026-Q1 | +248,760 | +81.9% | Increased |
| RenTech | 2026-Q1 | -68,660 | -100.0% | Exited |
| Citadel | 2026-Q1 | -61,600 | -20.9% | Decreased |
| Two Sigma | 2025-Q4 | -316,585 | -51.0% | Decreased |
| RenTech | 2025-Q4 | +59,660 | +662.9% | Increased |
| Citadel | 2025-Q4 | +5,200 | +1.8% | Increased |
Source: SEC 13F-HR filings. 13F data is delayed ~45 days after quarter end. Not investment advice.
Sector Drift Over Time
How VTI’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Compare VTI to Peers
Pre-computed overlap analysis. Click to see side-by-side comparison with holdings-level detail.
⚠ Based on top 43 holdings only. Actual overlap may differ.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.