Vanguard Morningstar Small-Cap ETF
2,170 hedge funds and large institutions have $37.7B invested in Vanguard Morningstar Small-Cap ETF in 2025 Q2 according to their latest regulatory filings, with 142 funds opening new positions, 885 increasing their positions, 823 reducing their positions, and 101 closing their positions.
348% more call options, than puts
Call options by funds: $17.3M | Put options by funds: $3.86M
41% more first-time investments, than exits
New positions opened: 142 | Existing positions closed: 101
8% more repeat investments, than reductions
Existing positions increased: 885 | Existing positions reduced: 823
3% more capital inflows, than outflows
Capital inflows: $2.38B | Capital outflows: $2.3B
0% more funds holding
Funds holding: 2,163 → 2,170 (+7)
1.09% less ownership
Funds ownership: 60.59% → 59.5% (-1.1%)
9% less funds holding in top 10
Funds holding in top 10: 203 → 185 (-18)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Churchill Management
Los Angeles,
California
|
+$211M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$121M |
| 3 |
Janus Henderson Group
London,
|
+$74.3M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$69.1M |
| 5 |
Jones Financial Companies
Des Peres,
Missouri
|
+$68.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$594M |
| 2 |
WIT LLC
District Of Columbia,
District of Columbia
|
-$447M |
| 3 |
Auto-Owners Insurance
Lansing,
Michigan
|
-$148M |
| 4 |
Financiere des Professionnels
Montreal,
Quebec, Canada
|
-$59.7M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$45.4M |
VB Hedge Fund Activity: Q2 2025 in Review
2,170 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Vanguard Morningstar Small-Cap ETF (VB) for Q2 2025, worth a combined $37.7B — up 7.2% from $35.2B a quarter earlier.
Buyers outnumbered sellers: 142 funds opened new VB positions and 101 closed out — a net gain of 41 holders — while 885 added to existing stakes and 823 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.
- 2,170 institutional investors held Vanguard Morningstar Small-Cap ETF (VB) as of Q2 2025, up from 2,163 in Q1 2025.
- Funds reported $37.7B of Vanguard Morningstar Small-Cap ETF stock for Q2 2025, up 7.2% quarter-over-quarter.
- 142 funds opened new Vanguard Morningstar Small-Cap ETF positions in Q2 2025 and 101 closed out, a net change of +41 holders.
- The largest Vanguard Morningstar Small-Cap ETF buyer in Q2 2025 was Churchill Management, an estimated $211M added.
- The largest Vanguard Morningstar Small-Cap ETF seller in Q2 2025 was Royal Bank of Canada, an estimated $594M sold.
Based on aggregated 13F filings for Q2 2025.