Vanguard Morningstar Small-Cap Value ETF
1,663 hedge funds and large institutions have $18.3B invested in Vanguard Morningstar Small-Cap Value ETF in 2025 Q4 according to their latest regulatory filings, with 190 funds opening new positions, 656 increasing their positions, 513 reducing their positions, and 76 closing their positions.
396% more call options, than puts
Call options by funds: $11.7M | Put options by funds: $2.35M
150% more first-time investments, than exits
New positions opened: 190 | Existing positions closed: 76
28% more repeat investments, than reductions
Existing positions increased: 656 | Existing positions reduced: 513
12% more funds holding in top 10
Funds holding in top 10: 93 → 104 (+11)
5% more funds holding
Funds holding: 1,578 → 1,663 (+85)
3% more capital invested
Capital invested by funds: $17.8B → $18.3B (+$496M)
0.56% more ownership
Funds ownership: 56.97% → 57.53% (+0.56%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$117M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$62.2M |
| 3 |
WFPG
Waller Financial Planning Group
Columbus,
Ohio
|
+$30M |
| 4 |
GSF
Grove Street Fiduciary
Peterborough,
New Hampshire
|
+$29.6M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$25.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAS
Park Avenue Securities
New York
|
-$98.5M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$65.4M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$57.9M |
| 4 |
WANY
Wealthspire Advisors (New York)
New York
|
-$33.8M |
| 5 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
-$23.8M |
VBR Hedge Fund Activity: Q4 2025 in Review
1,663 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Vanguard Morningstar Small-Cap Value ETF (VBR) for Q4 2025, worth a combined $18.3B — up 2.8% from $17.8B a quarter earlier.
Buyers outnumbered sellers: 190 funds opened new VBR positions and 76 closed out — a net gain of 114 holders — while 656 added to existing stakes and 513 trimmed.
The largest buyer was Bank of America, adding an estimated $117M. The largest seller was Park Avenue Securities, exiting entirely with an estimated $98.5M sold.
- 1,663 institutional investors held Vanguard Morningstar Small-Cap Value ETF (VBR) as of Q4 2025, up from 1,578 in Q3 2025.
- Funds reported $18.3B of Vanguard Morningstar Small-Cap Value ETF stock for Q4 2025, up 2.8% quarter-over-quarter.
- 190 funds opened new Vanguard Morningstar Small-Cap Value ETF positions in Q4 2025 and 76 closed out, a net change of +114 holders.
- The largest Vanguard Morningstar Small-Cap Value ETF buyer in Q4 2025 was Bank of America, an estimated $117M added.
- The largest Vanguard Morningstar Small-Cap Value ETF seller in Q4 2025 was Park Avenue Securities, an estimated $98.5M sold.
Based on aggregated 13F filings for Q4 2025.