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Vanguard Small-Cap Value ETF
VBR

1,560 hedge funds and large institutions have $16.7B invested in Vanguard Small-Cap Value ETF in 2025 Q2 according to their latest regulatory filings, with 138 funds opening new positions, 517 increasing their positions, 617 reducing their positions, and 84 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,634% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $605K

64% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 84

2% more funds holding

Funds holding: 1,525 → 1,560 (+35)

3% more capital invested

Capital invested by funds: $16.2B → $16.7B (+$481M)

0.65% less ownership

Funds ownership: 57.45% → 56.8% (-0.65%)

7% less funds holding in top 10

Funds holding in top 10: 105 → 98 (-7)

16% less repeat investments, than reductions

Existing positions increased: 517 | Existing positions reduced: 617

Holders
1,560
Holders Change
+35
Holders Change %
+2.3%
% of All Funds
20.54%
Holding in Top 10
98
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-6.67%
% of All Funds
1.29%
New
138
Increased
517
Reduced
617
Closed
84
Calls
$10.5M
Puts
$605K
Net Calls
+$9.89M
Net Calls Change
+$4M

Top Buyers

Rank Fund Capital Flow
1
PAS
Park Avenue Securities
New York
+$74.5M
2
Osaic Holdings
Osaic Holdings
Arizona
+$60.4M
3
WL
WIT LLC
District of Columbia
+$46.3M
4
AssetMark Inc
AssetMark Inc
California
+$34.4M
5
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
+$30.1M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$328M
2
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
-$114M
3
Jones Financial Companies
Jones Financial Companies
Missouri
-$46M
4
UOMF
University of Maryland Foundation
Maryland
-$38.8M
5
CFFP
Center for Financial Planning
Michigan
-$34.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
51
Cresset Asset Management
Illinois
$54.9M -$5.21M -28,169 -9%
MIAS
52
Mason Investment Advisory Services
Virginia
$54.8M -$333K -1,798 -0.6%
FAC
53
Financial Advisory Corporation
Michigan
$53.8M +$1.33M +7,187 +3%
EWA
54
Exencial Wealth Advisors
Oklahoma
$53.4M +$2.03M +10,970 +4%
SI
55
Stephens Inc
Arkansas
$52.7M +$831K +4,490 +2%
Charles Schwab
56
Charles Schwab
California
$52.3M -$105K -566 -0.2%
SC
57
Savant Capital
Illinois
$51.6M +$556K +3,006 +1%
Cerity Partners
58
Cerity Partners
New York
$49.5M +$2.27M +12,257 +5%
WL
59
WIT LLC
District of Columbia
$48.8M +$46.3M +250,167 New
B
60
Bailard
California
$48.1M +$168K +907 +0.4%
MML Investors Services
61
MML Investors Services
Massachusetts
$47.8M +$416K +2,247 +0.9%
TSW
62
Thompson Siegel & Walmsley
Virginia
$46.6M +$61.6K +333 +0.1%
ZF
63
Zhang Financial
Michigan
$46.2M -$1.53M -8,253 -3%
IWA
64
Inspirion Wealth Advisors
Illinois
$45.2M -$501K -2,709 -1%
APG
65
Abacus Planning Group
South Carolina
$40.1M -$2.12M -11,442 -5%
SF
66
Summit Financial
New Jersey
$39.8M +$2.2M +11,888 +6%
FG
67
Foster Group
Iowa
$39.8M -$245K -1,323 -0.6%
Truist Financial
68
Truist Financial
North Carolina
$39.7M -$3.39M -18,324 -8%
Corient Private Wealth
69
Corient Private Wealth
Florida
$38.8M -$4.07M -21,977 -10%
2L
70
25 LLC
Missouri
$37.3M +$1.29M +6,985 +4%
EH
71
Equitable Holdings
New York
$36.7M +$777K +4,200 +2%
CFM
72
Comprehensive Financial Management
California
$36.1M – – –
OWA
73
Opal Wealth Advisors
New York
$35.9M +$2.06M +11,130 +6%
Mercer Global Advisors
74
Mercer Global Advisors
Colorado
$34.4M -$9.73M -52,569 -23%
Cambridge Investment Research Advisors
75
Cambridge Investment Research Advisors
Iowa
$33.8M -$2.22M -12,011 -6%
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VBR Hedge Fund Activity: Q2 2025 in Review

1,560 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Vanguard Small-Cap Value ETF (VBR) for Q2 2025, worth a combined $16.7B — up 3% from $16.2B a quarter earlier.

Buyers outnumbered sellers: 138 funds opened new VBR positions and 84 closed out — a net gain of 54 holders — while 517 added to existing stakes and 617 trimmed.

The largest buyer was Park Avenue Securities, opening a new position worth an estimated $74.5M. The largest seller was Bank of America, cutting an estimated $328M.

  • 1,560 institutional investors held Vanguard Small-Cap Value ETF (VBR) as of Q2 2025, up from 1,525 in Q1 2025.
  • Funds reported $16.7B of Vanguard Small-Cap Value ETF stock for Q2 2025, up 3% quarter-over-quarter.
  • 138 funds opened new Vanguard Small-Cap Value ETF positions in Q2 2025 and 84 closed out, a net change of +54 holders.
  • The largest Vanguard Small-Cap Value ETF buyer in Q2 2025 was Park Avenue Securities, an estimated $74.5M added.
  • The largest Vanguard Small-Cap Value ETF seller in Q2 2025 was Bank of America, an estimated $328M sold.

Based on aggregated 13F filings for Q2 2025.