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Vanguard Small-Cap Value ETF
VBR

1,524 hedge funds and large institutions have $16.2B invested in Vanguard Small-Cap Value ETF in 2025 Q1 according to their latest regulatory filings, with 89 funds opening new positions, 595 increasing their positions, 573 reducing their positions, and 120 closing their positions.

New
Increased
Maintained
Reduced
Closed

451% more call options, than puts

Call options by funds: $7.19M | Put options by funds: $1.3M

4% more repeat investments, than reductions

Existing positions increased: 595 | Existing positions reduced: 573

0.35% less ownership

Funds ownership: 57.79% → 57.44% (-0.35%)

4% less funds holding

Funds holding: 1,587 → 1,524 (-63)

13% less funds holding in top 10

Funds holding in top 10: 120 → 105 (-15)

26% less first-time investments, than exits

New positions opened: 89 | Existing positions closed: 120

38% less capital invested

Capital invested by funds: $26.3B → $16.2B (-$10B)

Holders
1,524
Holders Change
-63
Holders Change %
-3.97%
% of All Funds
20.43%
Holding in Top 10
105
Holding in Top 10 Change
-15
Holding in Top 10 Change %
-12.5%
% of All Funds
1.41%
New
89
Increased
595
Reduced
573
Closed
120
Calls
$7.19M
Puts
$1.3M
Net Calls
+$5.89M
Net Calls Change
-$2.5M

Top Buyers

Rank Fund Capital Flow
1
SWA
SOA Wealth Advisors
New York
+$72.3M
2
AL
Aspiriant LLC
California
+$62.7M
3
WANY
Wealthspire Advisors (New York)
New York
+$36M
4
AssetMark Inc
AssetMark Inc
California
+$34.9M
5
Focus Partners Wealth
Focus Partners Wealth
Massachusetts
+$30.6M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$287M
2
Jones Financial Companies
Jones Financial Companies
Missouri
-$215M
3
PAS
Park Avenue Securities
New York
-$65.7M
4
Osaic Holdings
Osaic Holdings
Arizona
-$47.3M
5
Betterment LLC
Betterment LLC
New York
-$38.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCCA
26
Mill Creek Capital Advisors
Pennsylvania
$91.5M +$119K +601 +0.1%
Osaic Holdings
27
Osaic Holdings
Arizona
$90.7M -$47.3M -239,294 -33%
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$90.4M +$2.31M +11,687 +2%
Mariner
29
Mariner
Kansas
$81.1M +$2.98M +15,093 +4%
RWP
30
RWA Wealth Partners
Massachusetts
$80.6M +$4.27M +21,632 +5%
Rockefeller Capital Management
31
Rockefeller Capital Management
New York
$78.3M -$358K -1,813 -0.4%
Bank of Montreal
32
Bank of Montreal
Ontario, Canada
$76.6M -$23.2M -117,385 -22%
SGAM
33
Stephens Group Asset Management
Arkansas
$75.3M +$4.23M +21,401 +6%
UCFA
34
United Capital Financial Advisors
Texas
$75M -$3.69M -18,692 -4%
MGIA
35
Moneta Group Investment Advisors
Missouri
$73M +$882K +4,466 +1%
Retirement Systems of Alabama
36
Retirement Systems of Alabama
Alabama
$71.3M – – –
WANY
37
Wealthspire Advisors (New York)
New York
$66M +$36M +182,424 +106%
RIA
38
Retirement Investment Advisors
Oklahoma
$66M +$3.79M +19,208 +6%
MWM
39
Modera Wealth Management
New Jersey
$65.4M -$689K -3,489 -1%
Northwestern Mutual Wealth Management
40
Northwestern Mutual Wealth Management
Wisconsin
$62.7M +$4.05M +20,516 +6%
Goldman Sachs
41
Goldman Sachs
New York
$61M +$964K +4,879 +2%
Wealth Enhancement Advisory Services
42
Wealth Enhancement Advisory Services
Minnesota
$60.9M -$903K -4,573 -1%
Stifel Financial
43
Stifel Financial
Missouri
$60.1M +$1.32M +6,662 +2%
Creative Planning
44
Creative Planning
Kansas
$59.6M -$1.56M -7,914 -2%
CAM
45
Cresset Asset Management
Illinois
$57.5M +$2.79M +14,116 +5%
RA
46
Rodgers & Associates
Pennsylvania
$56.5M +$1.84M +9,323 +3%
1832 Asset Management
47
1832 Asset Management
Ontario, Canada
$55.8M +$3.21M +16,274 +6%
MAG
48
Mokosak Advisory Group
Iowa
$55.4M +$1.63M +8,239 +3%
BFA
49
Bragg Financial Advisors
North Carolina
$54.2M +$2.65M +13,410 +5%
JFG
50
JMG Financial Group
Illinois
$53.3M +$873K +4,421 +2%
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VBR Hedge Fund Activity: Q1 2025 in Review

1,524 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Vanguard Small-Cap Value ETF (VBR) for Q1 2025, worth a combined $16.2B — down 38% from $26.3B a quarter earlier.

Sellers outnumbered buyers: 120 funds closed out of VBR and 89 opened new positions — a net loss of 31 holders — while 573 trimmed existing stakes and 595 added.

The largest buyer was SOA Wealth Advisors, adding an estimated $72.3M. The largest seller was Bank of America, cutting an estimated $287M.

  • 1,524 institutional investors held Vanguard Small-Cap Value ETF (VBR) as of Q1 2025, down from 1,587 in Q4 2024.
  • Funds reported $16.2B of Vanguard Small-Cap Value ETF stock for Q1 2025, down 38% quarter-over-quarter.
  • 89 funds opened new Vanguard Small-Cap Value ETF positions in Q1 2025 and 120 closed out, a net change of -31 holders.
  • The largest Vanguard Small-Cap Value ETF buyer in Q1 2025 was SOA Wealth Advisors, an estimated $72.3M added.
  • The largest Vanguard Small-Cap Value ETF seller in Q1 2025 was Bank of America, an estimated $287M sold.

Based on aggregated 13F filings for Q1 2025.