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Vanguard US Momentum Factor ETF
VFMO

140 hedge funds and large institutions have $634M invested in Vanguard US Momentum Factor ETF in 2025 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 60 increasing their positions, 37 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 37

46% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 13

12% more capital invested

Capital invested by funds: $567M → $634M (+$66.5M)

3.08% more ownership

Funds ownership: 51.99% → 55.07% (+3.1%)

1% more funds holding

Funds holding: 139 → 140 (+1)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
140
Holders Change
+1
Holders Change %
+0.72%
% of All Funds
1.84%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
19
Increased
60
Reduced
37
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$53.8M
2
RWM
Ritholtz Wealth Management
New York
+$5.5M
3
TI
Tidal Investments
Wisconsin
+$4.44M
4
SWP
Sagespring Wealth Partners
Tennessee
+$2M
5
DIA
Davidson Investment Advisors
Montana
+$1.34M

Top Sellers

Rank Fund Capital Flow
1
Cetera Investment Advisers
Cetera Investment Advisers
Illinois
-$40.9M
2
SL
Systelligence LLC
Minnesota
-$10.8M
3
Two Sigma Investments
Two Sigma Investments
New York
-$5.05M
4
Bank of America
Bank of America
North Carolina
-$3.78M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$3.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
RSWM
101
Robertson Stephens Wealth Management
California
$310K +$26.9K +150 +10%
SCM
102
Stonehearth Capital Management
Massachusetts
$299K -$4.85K -27 -2%
SEIA
103
Signature Estate & Investment Advisors
California
$292K +$539 +3 +0.2%
AR
104
Apeiron RIA
Texas
$267K – – –
Wealth Enhancement Advisory Services
105
Wealth Enhancement Advisory Services
Minnesota
$259K +$31.6K +176 +15%
AC
106
Avant Capital
Louisiana
$245K – – –
QCM
107
Quantinno Capital Management
New York
$234K – – –
CB
108
Cadence Bank
Mississippi
$230K – – –
MWM
109
Melfa Wealth Management
Massachusetts
$227K +$213K +1,185 New
CCFM
110
Clear Creek Financial Management
Washington
$226K +$1.26K +7 +0.6%
KPWS
111
Kestra Private Wealth Services
Texas
$212K +$199K +1,106 New
PA
112
Parallel Advisors
California
$211K – – –
Stifel Financial
113
Stifel Financial
Missouri
$210K +$197K +1,095 New
JWCA
114
J.W. Cole Advisors
Florida
$200K -$88.7K -494 -32%
JP Morgan Chase
115
JP Morgan Chase
New York
$179K +$168K +935 New
HAP
116
Harbor Asset Planning
Massachusetts
$137K +$19.4K +108 +18%
FDCDDQ
117
Federation des caisses Desjardins du Quebec
Quebec, Canada
$103K +$96K +535 New
CAL
118
Capital Analysts LLC
Pennsylvania
$96K +$73.4K +409 +445%
SWP
119
Strategic Wealth Partners
Ohio
$67.4K – – –
AAS
120
Ameritas Advisory Services
Nebraska
$64.2K -$139K -776 -70%
GWM
121
Geneos Wealth Management
Colorado
$46.6K +$6.28K +35 +17%
PFBT
122
Parkside Financial Bank & Trust
Missouri
$41.2K – – –
VCM
123
Versant Capital Management
Arizona
$27K +$25.3K +141 New
BC
124
Barrett & Company
Rhode Island
$23.9K – – –
GJIA
125
Glass Jacobson Investment Advisors
Maryland
$20.1K -$7.9K -44 -30%
3 4
5
6 7

VFMO Hedge Fund Activity: Q3 2025 in Review

140 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Vanguard US Momentum Factor ETF (VFMO) for Q3 2025, worth a combined $634M — up 12% from $567M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new VFMO positions and 13 closed out — a net gain of 6 holders — while 60 added to existing stakes and 37 trimmed.

The largest buyer was Wells Fargo, adding an estimated $53.8M. The largest seller was Cetera Investment Advisers, cutting an estimated $40.9M.

  • 140 institutional investors held Vanguard US Momentum Factor ETF (VFMO) as of Q3 2025, up from 139 in Q2 2025.
  • Funds reported $634M of Vanguard US Momentum Factor ETF stock for Q3 2025, up 12% quarter-over-quarter.
  • 19 funds opened new Vanguard US Momentum Factor ETF positions in Q3 2025 and 13 closed out, a net change of +6 holders.
  • The largest Vanguard US Momentum Factor ETF buyer in Q3 2025 was Wells Fargo, an estimated $53.8M added.
  • The largest Vanguard US Momentum Factor ETF seller in Q3 2025 was Cetera Investment Advisers, an estimated $40.9M sold.

Based on aggregated 13F filings for Q3 2025.