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Vanguard Financials ETF
VFH

707 hedge funds and large institutions have $6.86B invested in Vanguard Financials ETF in 2025 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 239 increasing their positions, 225 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

771% more call options, than puts

Call options by funds: $7.89M | Put options by funds: $906K

38% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 39

6% more repeat investments, than reductions

Existing positions increased: 239 | Existing positions reduced: 225

2% more capital invested

Capital invested by funds: $6.7B → $6.86B (+$164M)

0% more funds holding

Funds holding: 704 → 707 (+3)

0.84% less ownership

Funds ownership: 53.9% → 53.07% (-0.84%)

4% less funds holding in top 10

Funds holding in top 10: 23 → 22 (-1)

Holders
707
Holders Change
+3
Holders Change %
+0.43%
% of All Funds
9.28%
Holding in Top 10
22
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-4.35%
% of All Funds
0.29%
New
54
Increased
239
Reduced
225
Closed
39
Calls
$7.89M
Puts
$906K
Net Calls
+$6.98M
Net Calls Change
-$2.77M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$68.2M
2
Two Sigma Investments
Two Sigma Investments
New York
+$27M
3
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$22.4M
4
Morgan Stanley
Morgan Stanley
New York
+$21.5M
5
A
Allianz
Germany
+$17.7M

Top Sellers

1
Corient Private Wealth
Corient Private Wealth
Florida
-$95.2M
2
KIA
KCM Investment Advisors
California
-$18.1M
3
BCMIO
Beacon Capital Management Inc (Ohio)
Ohio
-$16.8M
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$14.6M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$13.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$3.08B +$68.2M +526,682 +2%
Morgan Stanley
2
Morgan Stanley
New York
$468M +$21.5M +166,054 +5%
Wells Fargo
3
Wells Fargo
California
$234M +$12.8M +98,988 +6%
UBS Group
4
UBS Group
Switzerland
$231M -$5.96M -46,061 -3%
PCH
5
PGIM Custom Harvest
New Jersey
$186M +$5.23M +40,422 +3%
Raymond James Financial
6
Raymond James Financial
Florida
$153M +$10.6M +82,232 +8%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$129M -$2.62M -20,237 -2%
LPL Financial
8
LPL Financial
California
$127M +$13M +100,064 +11%
BCMIO
9
Beacon Capital Management Inc (Ohio)
Ohio
$116M -$16.8M -129,474 -13%
Ameriprise
10
Ameriprise
Minnesota
$112M +$4.07M +31,454 +4%
Envestnet Asset Management
11
Envestnet Asset Management
Illinois
$80.2M -$14.6M -112,425 -16%
Two Sigma Investments
12
Two Sigma Investments
New York
$72.8M +$27M +208,500 +60%
JP Morgan Chase
13
JP Morgan Chase
New York
$69.3M -$1.23M -9,499 -2%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$63.2M +$2.34M +18,084 +4%
Stifel Financial
15
Stifel Financial
Missouri
$62.7M +$1.23M +9,474 +2%
Cetera Investment Advisers
16
Cetera Investment Advisers
Illinois
$58.3M +$13.1M +101,184 +29%
Northwestern Mutual Wealth Management
17
Northwestern Mutual Wealth Management
Wisconsin
$54.4M -$1.03M -7,920 -2%
Osaic Holdings
18
Osaic Holdings
Arizona
$43.5M +$4.26M +32,861 +11%
Lido Advisors
19
Lido Advisors
California
$38.7M +$15.6M +120,224 +69%
M&T Bank
20
M&T Bank
New York
$35.9M -$4.39M -33,873 -11%
Rockefeller Capital Management
21
Rockefeller Capital Management
New York
$29.9M -$447K -3,453 -1%
SF
22
Synovus Financial
Georgia
$28.5M +$107K +829 +0.4%
PNC Financial Services Group
23
PNC Financial Services Group
Pennsylvania
$28.3M -$2.06M -15,898 -7%
TAS
24
TIFF Advisory Services
Pennsylvania
$28M – – –
KIA
25
KCM Investment Advisors
California
$26.8M -$18.1M -139,579 -41%
1
2 3 4 5

VFH Hedge Fund Activity: Q3 2025 in Review

707 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Vanguard Financials ETF (VFH) for Q3 2025, worth a combined $6.86B — up 2.5% from $6.7B a quarter earlier.

Buyers outnumbered sellers: 54 funds opened new VFH positions and 39 closed out — a net gain of 15 holders — while 239 added to existing stakes and 225 trimmed.

The largest buyer was Bank of America, adding an estimated $68.2M. The largest seller was Corient Private Wealth, cutting an estimated $95.2M.

  • 707 institutional investors held Vanguard Financials ETF (VFH) as of Q3 2025, up from 704 in Q2 2025.
  • Funds reported $6.86B of Vanguard Financials ETF stock for Q3 2025, up 2.5% quarter-over-quarter.
  • 54 funds opened new Vanguard Financials ETF positions in Q3 2025 and 39 closed out, a net change of +15 holders.
  • The largest Vanguard Financials ETF buyer in Q3 2025 was Bank of America, an estimated $68.2M added.
  • The largest Vanguard Financials ETF seller in Q3 2025 was Corient Private Wealth, an estimated $95.2M sold.

Based on aggregated 13F filings for Q3 2025.