Vanguard Index Funds - Vanguard Small-Cap ETF
US ˙ ARCA ˙ US9229087518

SecurityVB / Vanguard Index Funds - Vanguard Small-Cap ETF
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership33,428 shares
Latest Disclosed Value $ 8,755,523
Level Four Advisory Services, Llc reports 3.25% increase in ownership of VB / Vanguard Index Funds - Vanguard Small-Cap ETF

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 33,428 shares of Vanguard Index Funds - Vanguard Small-Cap ETF (US:VB) valued at $8,755,462 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 32,377 shares of Vanguard Index Funds - Vanguard Small-Cap ETF. This represents a change in shares of 3.25% during the quarter. The current value of the position is $9,806,438 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 33,428 1,051 3.25 8,756 4.84 0.2874
2026-02-13 2025-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 32,377 2,631 8.84 8,352 10.42 0.2733
2025-11-12 2025-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 29,746 1,626 5.78 7,564 13.49 0.2590
2025-08-13 2025-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 28,120 -700 -2.43 6,664 4.29 0.2456
2025-05-14 2025-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 28,820 121 0.42 6,391 -7.32 0.2628
2025-02-12 2024-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 28,699 1,741 6.46 6,896 8.55 0.2818
2024-11-14 2024-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 26,958 13,005 93.21 6,352 108.81 0.2674
2024-08-09 2024-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 13,953 516 3.84 3,043 6.14 0.1371
2024-05-13 2024-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 13,437 0 0.00 2,867 0.00 0.1575
2024-02-08 2023-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 13,437 -1,140 -7.82 2,867 3.99 0.1608
2023-11-13 2023-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 14,577 1,386 10.51 2,756 5.07 0.1777
2023-07-10 2023-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 13,191 1,426 12.12 2,624 17.62 0.1576
2023-06-05 2023-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 11,765 -315 -2.61 2,230 0.59 0.1463
2023-02-13 2022-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 12,080 -1,399 -10.38 2,217 -3.78 0.1646
2022-11-07 2022-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 13,479 -4,772 -26.15 2,304 -28.31 0.2239
2022-08-08 2022-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 18,251 2,518 16.00 3,214 -3.89 0.3031
2022-05-10 2022-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 15,733 1,994 14.51 3,344 7.70 0.2620
2022-02-11 2021-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 13,739 6,601 92.48 3,105 98.91 0.2367
2021-10-12 2021-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 7,138 -9,536 -57.19 1,561 -58.44 0.1623
2021-08-09 2021-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 16,674 1,425 9.34 3,756 15.07 0.2597
2021-05-10 2021-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 15,249 -1,092 -6.68 3,264 2.61 0.2535
2021-02-10 2020-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 16,341 -800 -4.67 3,181 20.68 0.2553
2020-11-02 2020-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 17,141 -3,864 -18.40 2,636 -14.02 0.2031
2020-08-17 2020-06-30 13F/A-1 VANGUARD INDEX FDS SMALL CP ETF 922908751 21,005 -195 -0.92 3,066 25.35 0.2372
2020-05-13 2020-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 21,200 -1,918 -8.30 2,446 -36.09 0.2934
2020-02-13 2019-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 23,118 520 2.30 3,827 10.03 0.1515
2019-11-12 2019-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 22,598 -3,357 -12.93 3,478 -14.46 0.3599
2019-08-14 2019-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 25,955 -1,743 -6.29 4,066 -3.92 0.4104
2019-05-15 2019-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 27,698 -4,171 -13.09 4,232 0.62 0.4661
2019-02-07 2018-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 31,869 1,599 5.28 4,206 -14.53 0.5245
2018-11-14 2018-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 30,270 97 0.32 4,921 4.77 0.5318
2018-08-14 2018-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 30,173 151 0.50 4,697 6.48 0.3422
2018-05-14 2018-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 30,022 -4,856 -13.92 4,411 -14.43 0.3420
2018-02-13 2017-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 34,878 -1,326 -3.66 5,155 0.76 0.4010
2018-04-03 2017-09-30 13F/A-1 VANGUARD INDEX FDS SMALL CP ETF 922908751 36,204 15,227 72.59 5,116 86.38 0.4535
2017-11-15 2017-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 37,205 16,228 5,305
2017-09-20 2017-06-30 13F/A-1 VANGUARD INDEX FDS SMALL CP ETF 922908751 20,977 0 0.00 2,745 0.00 0.4226
2017-07-12 2017-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 20,977 2,745
2017-09-20 2017-03-31 13F/A-1 VANGUARD INDEX FDS SMALL CP ETF 922908751 20,977 12,126 137.00 2,745 140.58 0.2796
2017-05-15 2017-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 20,977 12,126 2,745
2017-02-14 2016-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 8,851 8,851 1,141 0.1456
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.