Vanguard Morningstar Small-Cap ETF
2,379 hedge funds and large institutions have $40.4B invested in Vanguard Morningstar Small-Cap ETF in 2025 Q4 according to their latest regulatory filings, with 298 funds opening new positions, 994 increasing their positions, 739 reducing their positions, and 73 closing their positions.
308% more first-time investments, than exits
New positions opened: 298 | Existing positions closed: 73
89% more call options, than puts
Call options by funds: $29.1M | Put options by funds: $15.4M
35% more repeat investments, than reductions
Existing positions increased: 994 | Existing positions reduced: 739
10% more funds holding in top 10
Funds holding in top 10: 186 → 204 (+18)
8% more funds holding
Funds holding: 2,200 → 2,379 (+179)
2% more capital invested
Capital invested by funds: $39.5B → $40.4B (+$827M)
0.02% more ownership
Funds ownership: 58.74% → 58.77% (+0.02%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$86.3M |
| 2 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$68.6M |
| 3 |
CTB
Country Trust Bank
Bloomington,
Illinois
|
+$63.7M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$63M |
| 5 |
BPWM
Badgley Phelps Wealth Managers
Seattle,
Washington
|
+$51.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$273M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$222M |
| 3 |
WANY
Wealthspire Advisors (New York)
New York
|
-$101M |
| 4 |
Citigroup
New York
|
-$77.4M |
| 5 |
PL
Pandi LLC
Leawood,
Kansas
|
-$59.2M |
VB Hedge Fund Activity: Q4 2025 in Review
2,379 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Vanguard Morningstar Small-Cap ETF (VB) for Q4 2025, worth a combined $40.4B — up 2.1% from $39.5B a quarter earlier.
Buyers outnumbered sellers: 298 funds opened new VB positions and 73 closed out — a net gain of 225 holders — while 994 added to existing stakes and 739 trimmed.
The largest buyer was BlackRock, adding an estimated $86.3M. The largest seller was Envestnet Asset Management, cutting an estimated $273M.
- 2,379 institutional investors held Vanguard Morningstar Small-Cap ETF (VB) as of Q4 2025, up from 2,200 in Q3 2025.
- Funds reported $40.4B of Vanguard Morningstar Small-Cap ETF stock for Q4 2025, up 2.1% quarter-over-quarter.
- 298 funds opened new Vanguard Morningstar Small-Cap ETF positions in Q4 2025 and 73 closed out, a net change of +225 holders.
- The largest Vanguard Morningstar Small-Cap ETF buyer in Q4 2025 was BlackRock, an estimated $86.3M added.
- The largest Vanguard Morningstar Small-Cap ETF seller in Q4 2025 was Envestnet Asset Management, an estimated $273M sold.
Based on aggregated 13F filings for Q4 2025.