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Vanguard US Multifactor ETF
VFMF

77 hedge funds and large institutions have $214M invested in Vanguard US Multifactor ETF in 2025 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 15 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 15

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

29% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 7

23% more capital invested

Capital invested by funds: $173M → $214M (+$40.2M)

7.97% more ownership

Funds ownership: 48.12% → 56.09% (+8%)

1% more funds holding

Funds holding: 76 → 77 (+1)

Holders
77
Holders Change
+1
Holders Change %
+1.32%
% of All Funds
1.01%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
9
Increased
33
Reduced
15
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BTWM
Brass Tax Wealth Management
Ohio
+$23.1M
2
LPL Financial
LPL Financial
California
+$1.13M
3
GVAG
Great Valley Advisor Group
Delaware
+$820K
4
BSSFA
Baron Silver Stevens Financial Advisors
Florida
+$705K
5
FPAS
Focus Partners Advisor Solutions
Missouri
+$675K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$1.07M
2
OMC
Old Mission Capital
Illinois
-$888K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$788K
4
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$608K
5
KPWS
Kestra Private Wealth Services
Texas
-$206K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$1.13M +$65.1K +467 +6%
NA
27
NewEdge Advisors
Louisiana
$1.07M +$14.2K +102 +1%
AWM
28
Apollon Wealth Management
South Carolina
$989K +$1.81K +13 +0.2%
SWM
29
Seed Wealth Management
Illinois
$959K -$181K -1,300 -16%
Stifel Financial
30
Stifel Financial
Missouri
$941K -$1.67K -12 -0.2%
CAM
31
Clark Asset Management
New Hampshire
$909K +$10.6K +76 +1%
SEIA
32
Signature Estate & Investment Advisors
California
$878K +$94.1K +675 +12%
RF
33
RHS Financial
California
$674K +$428K +3,069 +192%
BFS
34
BridgePort Financial Solutions
Iowa
$636K +$34.6K +248 +6%
PWA
35
Physician Wealth Advisors
Utah
$559K -$21.7K -156 -4%
Jane Street
36
Jane Street
New York
$537K +$518K +3,720 New
BIMC
37
Benson Investment Management Company
Virginia
$394K +$380K +2,729 New
CF
38
Centaurus Financial
California
$368K +$43.9K +315 +14%
CSP
39
Cary Street Partners
Virginia
$361K – – –
FIA
40
Foundations Investment Advisors
Arizona
$355K -$117K -841 -25%
CL
41
COWA LLC
Oklahoma
$342K – – –
FCFC
42
First Citizens Financial Corp
Iowa
$322K -$2.09K -15 -0.7%
CCP
43
Cassia Capital Partners
North Carolina
$315K +$6.41K +46 +2%
CA
44
Calton & Associates
Florida
$311K +$300K +2,156 New
CTWM
45
Cherry Tree Wealth Management
Minnesota
$289K -$11.1K -80 -4%
MWM
46
Modera Wealth Management
New Jersey
$282K – – –
DAS
47
Dynamic Advisor Solutions
Arizona
$272K -$20.9K -150 -7%
IFG
48
Independent Financial Group
California
$258K – – –
TAM
49
Titleist Asset Management
Texas
$237K +$229K +1,643 New
SIM
50
Studio Investment Management
Illinois
$231K +$223K +1,599 New
1
2
3 4

VFMF Hedge Fund Activity: Q3 2025 in Review

77 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Vanguard US Multifactor ETF (VFMF) for Q3 2025, worth a combined $214M — up 23% from $173M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new VFMF positions and 7 closed out — a net gain of 2 holders — while 33 added to existing stakes and 15 trimmed.

The largest buyer was Brass Tax Wealth Management, opening a new position worth an estimated $23.1M. The largest seller was Citadel Advisors, exiting entirely with an estimated $1.07M sold.

  • 77 institutional investors held Vanguard US Multifactor ETF (VFMF) as of Q3 2025, up from 76 in Q2 2025.
  • Funds reported $214M of Vanguard US Multifactor ETF stock for Q3 2025, up 23% quarter-over-quarter.
  • 9 funds opened new Vanguard US Multifactor ETF positions in Q3 2025 and 7 closed out, a net change of +2 holders.
  • The largest Vanguard US Multifactor ETF buyer in Q3 2025 was Brass Tax Wealth Management, an estimated $23.1M added.
  • The largest Vanguard US Multifactor ETF seller in Q3 2025 was Citadel Advisors, an estimated $1.07M sold.

Based on aggregated 13F filings for Q3 2025.