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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
AP
1526
Atwood & Palmer
Missouri
$10 – – –
PAS
1527
Park Avenue Securities
New York
– -$65.7M -331,455 Closed
HC
1528
Henshaw Capital
Massachusetts
– -$35.1M -177,150 Closed
EP
1529
Essential Planning
New Hampshire
– -$11.5M -55,956 Closed
OPAM
1530
Ocean Park Asset Management
California
– -$10.2M -51,663 Closed
GIA
1531
Goodwin Investment Advisory
Georgia
– -$9.96M -50,296 Closed
CIM
1532
Cambria Investment Management
California
– -$8.7M -43,888 Closed
TCMP
1533
Thrive Capital Management (Pennsylvania)
Pennsylvania
– -$4.59M -23,179 Closed
ACM
1534
Advisors Capital Management
New Jersey
– -$4.09M -20,632 Closed
SWA
1535
Serenus Wealth Advisors
California
– -$170K -19,899 Closed
SWM
1536
Stark Wealth Management
Pennsylvania
– -$3.66M -18,478 Closed
Principal Financial Group
1537
Principal Financial Group
Iowa
– -$3.35M -16,905 Closed
FFM
1538
Forum Financial Management
Illinois
– -$2.96M -14,920 Closed
IC
1539
Innealta Capital
Texas
– -$2.93M -14,798 Closed
MECA
1540
Miller Equity Capital Advisors
Texas
– -$2.51M -12,655 Closed
WAM
1541
Worth Asset Management
Texas
– -$2.5M -12,620 Closed
GWA
1542
Genesis Wealth Advisors
Massachusetts
– -$2.29M -11,554 Closed
DCM
1543
Donaldson Capital Management
Indiana
– -$1.89M -9,522 Closed
IAA
1544
Independent Advisor Alliance
North Carolina
– -$1.76M -8,887 Closed
FF
1545
Fluent Financial
Texas
– -$1.47M -7,394 Closed
CFGS
1546
Concourse Financial Group Securities
Alabama
– -$1.32M -6,390 Closed
PB
1547
Prime Buchholz
New Hampshire
– -$1.1M -5,548 Closed
BFG
1548
Bleakley Financial Group
New Jersey
– -$691K -3,486 Closed
JWM
1549
JPL Wealth Management
Colorado
– -$673K -3,394 Closed
FH
1550
Financial Harvest
Florida
– -$659K -3,325 Closed
60 61
62
63 64

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.