Mission Wealth Management 13F: Cuts VB Stake by $106M

Mission Wealth Management reduced its exposure to small-cap stocks last quarter, according to a Form 13F filing with the SEC on October 15, 2026. The quarterly report shows how institutional investment managers adjusted their portfolios, though these documents look backward at the end of a prior period and might not reflect active trades today.

What Changed in Mission Wealth Management's Vanguard Morningstar Small-Cap ETF Position

Mission Wealth Management cut its holdings in Vanguard Morningstar Small-Cap ETF by 372,959 shares, which worked out to a 25.2% decrease from the previous quarter. The firm wrapped up the period with 1,105,834 shares remaining in the fund. That reduced stake held a reported value of $314.6 million.

Vanguard Morningstar Small-Cap ETF Stock Down 1.6%

Shares of the fund recently changed hands around $283.46 as of October 16, 2026. The price sits about 4.1% below its 50-day moving average of $295.70 and roughly 8.4% under its 52-week peak of $309.51. Even so, the fund remains well above its 52-week low of $241.17.

Dividend

Vanguard Morningstar Small-Cap ETF carries a dividend yield of 1.28%. Income-focused investors often look to small-cap funds for a blend of growth potential and modest regular payouts.

About Vanguard Morningstar Small-Cap ETF

Vanguard Morningstar Small-Cap ETF is an exchange-traded fund designed to track the performance of a broad index of smaller U.S. companies. By holding a diversified basket of smaller equities, the fund aims to match the returns of the broader small-cap sector without trying to pick individual winners. Institutional shifts in funds like this often track broader asset allocation changes rather than a specific bet on any single company inside the basket.

Bottom Line

Investors tracking Mission Wealth Management will need to watch future SEC filings to see if the firm continues trimming its small-cap exposure or stabilizes its position. Because 13F filings are historical snapshots, they simply record where the portfolio stood at the end of the quarter. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.