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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
MIAS
51
Mason Investment Advisory Services
Virginia
$52.7M +$61.2K +310 +0.1%
VFP
52
Verus Financial Partners
Virginia
$50.7M +$190K +960 +0.3%
FAC
53
Financial Advisory Corporation
Michigan
$50M +$4.45M +22,504 +9%
Charles Schwab
54
Charles Schwab
California
$50M -$2.15M -10,884 -4%
SI
55
Stephens Inc
Arkansas
$49.5M +$7.08M +35,856 +16%
EWA
56
Exencial Wealth Advisors
Oklahoma
$49M -$454K -2,299 -0.9%
SC
57
Savant Capital
Illinois
$48.7M -$24.7M -125,283 -32%
B
58
Bailard
California
$45.8M +$1.83M +9,272 +4%
ZF
59
Zhang Financial
Michigan
$45.6M +$475K +2,405 +1%
CFFP
60
Center for Financial Planning
Michigan
$45.5M -$603K -3,051 -1%
MML Investors Services
61
MML Investors Services
Massachusetts
$45.3M -$4.43M -22,423 -8%
Cerity Partners
62
Cerity Partners
New York
$45M -$2.91M -14,734 -6%
TSW
63
Thompson Siegel & Walmsley
Virginia
$44.4M +$48.2K +244 +0.1%
IWA
64
Inspirion Wealth Advisors
Illinois
$43.7M +$689K +3,488 +2%
Mercer Global Advisors
65
Mercer Global Advisors
Colorado
$42.6M +$9.4M +47,570 +26%
Truist Financial
66
Truist Financial
North Carolina
$41.3M -$1.75M -8,859 -4%
Corient Private Wealth
67
Corient Private Wealth
Florida
$41.2M +$15.8M +80,050 +57%
APG
68
Abacus Planning Group
South Carolina
$40.5M -$1.02M -5,143 -2%
UOMF
69
University of Maryland Foundation
Maryland
$38.8M – – –
FG
70
Foster Group
Iowa
$38.2M -$875K -4,430 -2%
SF
71
Summit Financial
New Jersey
$35.7M -$1.21M -6,133 -3%
Cambridge Investment Research Advisors
72
Cambridge Investment Research Advisors
Iowa
$34.5M +$1.43M +7,232 +4%
2L
73
25 LLC
Missouri
$34.4M +$821K +4,157 +2%
CFM
74
Comprehensive Financial Management
California
$34.3M – – –
EH
75
Equitable Holdings
New York
$34.3M -$4.36M -22,085 -11%
1 2
3
4 5

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.