Vanguard Small-Cap ETF
2,164 hedge funds and large institutions have $37.8B invested in Vanguard Small-Cap ETF in 2025 Q2 according to their latest regulatory filings, with 143 funds opening new positions, 882 increasing their positions, 820 reducing their positions, and 102 closing their positions.
348% more call options, than puts
Call options by funds: $17.3M | Put options by funds: $3.86M
40% more first-time investments, than exits
New positions opened: 143 | Existing positions closed: 102
7% more capital invested
Capital invested by funds: $35.2B → $37.8B (+$2.61B)
8% more repeat investments, than reductions
Existing positions increased: 882 | Existing positions reduced: 820
0% more funds holding
Funds holding: 2,157 → 2,164 (+7)
0.91% less ownership
Funds ownership: 60.54% → 59.63% (-0.91%)
9% less funds holding in top 10
Funds holding in top 10: 202 → 184 (-18)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Churchill Management
Los Angeles,
California
|
+$211M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$121M |
| 3 |
WA
Waterford Advisors
Orchard Park,
New York
|
+$84.6M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$74.3M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$69.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$594M |
| 2 |
WL
WIT LLC
District Of Columbia,
District of Columbia
|
-$447M |
| 3 |
AOI
Auto-Owners Insurance
Lansing,
Michigan
|
-$148M |
| 4 |
FDP
Financiere des Professionnels
Montreal,
Quebec, Canada
|
-$59.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$45.4M |
VB Hedge Fund Activity: Q2 2025 in Review
2,164 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Vanguard Small-Cap ETF (VB) for Q2 2025, worth a combined $37.8B — up 7.4% from $35.2B a quarter earlier.
Buyers outnumbered sellers: 143 funds opened new VB positions and 102 closed out — a net gain of 41 holders — while 882 added to existing stakes and 820 trimmed.
The largest buyer was Churchill Management, opening a new position worth an estimated $211M. The largest seller was Royal Bank of Canada, cutting an estimated $594M.
- 2,164 institutional investors held Vanguard Small-Cap ETF (VB) as of Q2 2025, up from 2,157 in Q1 2025.
- Funds reported $37.8B of Vanguard Small-Cap ETF stock for Q2 2025, up 7.4% quarter-over-quarter.
- 143 funds opened new Vanguard Small-Cap ETF positions in Q2 2025 and 102 closed out, a net change of +41 holders.
- The largest Vanguard Small-Cap ETF buyer in Q2 2025 was Churchill Management, an estimated $211M added.
- The largest Vanguard Small-Cap ETF seller in Q2 2025 was Royal Bank of Canada, an estimated $594M sold.
Based on aggregated 13F filings for Q2 2025.