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

SecurityVB / Vanguard Index Funds - Vanguard Small-Cap ETF
InstitutionNicolet Advisory Services, Llc
Latest Disclosed Ownership50,012 shares
Latest Disclosed Value $ 13,613,684
Nicolet Advisory Services, Llc reports 23.19% increase in ownership of VB / Vanguard Index Funds - Vanguard Small-Cap ETF

On February 13, 2026 - Nicolet Advisory Services, Llc filed a 13F-HR form disclosing ownership of 50,012 shares of Vanguard Index Funds - Vanguard Small-Cap ETF (US:VB) valued at $12,900,595 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 40,597 shares of Vanguard Index Funds - Vanguard Small-Cap ETF. This represents a change in shares of 23.19% during the quarter. The current value of the position is $14,773,545 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-02-13 2025-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 50,012 9,415 23.19 13,614 31.13 0.9171
2025-11-13 2025-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 40,597 -3,447 -7.83 10,382 -0.78 0.8077
2025-08-13 2025-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 44,044 1,605 3.78 10,464 21.45 0.8903
2025-05-08 2025-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 42,439 -949 -2.19 8,615 -16.61 0.8546
2025-02-12 2024-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 43,388 2,049 4.96 10,332 6.91 0.9491
2024-11-12 2024-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 41,339 420 1.03 9,663 8.39 0.9123
2024-08-14 2024-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 40,919 3,318 8.82 8,915 5.24 0.8542
2024-05-10 2024-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 37,601 -6,077 -13.91 8,471 -6.24 0.8604
2024-02-13 2023-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 43,678 4,656 11.93 9,036 25.85 0.9717
2023-11-07 2023-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 39,022 -956 -2.39 7,180 -8.00 0.7953
2023-08-09 2023-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 39,978 197 0.50 7,803 6.15 0.8563
2023-05-09 2023-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 39,781 2,570 6.91 7,351 2.41 0.8471
2023-02-09 2022-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 37,211 2,414 6.94 7,178 18.16 0.9489
2022-11-10 2022-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 34,797 6,669 23.71 6,075 18.56 0.9909
2022-08-08 2022-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 28,128 661 2.41 5,124 -9.68 0.7607
2022-05-10 2022-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 27,467 4,843 21.41 5,673 10.95 0.7406
2022-02-08 2021-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 22,624 -2,181 -8.79 5,113 -5.73 0.6286
2021-11-16 2021-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 24,805 258 1.05 5,424 -1.92 0.6881
2021-08-11 2021-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 24,547 -132 -0.53 5,530 4.68 0.7212
2021-05-03 2021-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 24,679 -3,239 -11.60 5,283 -2.80 0.7411
2021-02-09 2020-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 27,918 -3,281 -10.52 5,435 13.28 0.7620
2020-10-27 2020-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 31,199 -589 -1.85 4,798 3.58 0.7455
2020-08-14 2020-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 31,788 7,647 31.68 4,632 66.20 0.7117
2020-04-21 2020-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 24,141 379 1.59 2,787 -29.19 0.4909
2020-01-23 2019-12-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 23,762 -1,357 -5.40 3,936 1.81 0.6184
2019-10-22 2019-09-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 25,119 -612 -2.38 3,866 -4.09 0.5865
2019-07-26 2019-06-30 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 25,731 -3,029 -10.53 4,031 -8.28 0.6155
2019-05-10 2019-03-31 13F VANGUARD INDEX FDS SMALL CP ETF 922908751 28,760 28,760 4,395 0.7458
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.