Vanguard Mortgage-Backed Securities ETF
VMBS
625 hedge funds and large institutions have $12.7B invested in Vanguard Mortgage-Backed Securities ETF in 2025 Q2 according to their latest regulatory filings, with 80 funds opening new positions, 260 increasing their positions, 204 reducing their positions, and 64 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 260 | Existing positions reduced: 204
25% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 64
1% more funds holding
Funds holding: 617 → 625 (+8)
2% more call options, than puts
Call options by funds: $538K | Put options by funds: $528K
2.17% less ownership
Funds ownership: 89.49% → 87.33% (-2.2%)
9% less funds holding in top 10
Funds holding in top 10: 47 → 43 (-4)
27% less capital invested
Capital invested by funds: $17.3B → $12.7B (-$4.61B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MG
Mather Group
Chicago,
Illinois
|
+$291M |
| 2 |
KIM
Kestra Investment Management
Austin,
Texas
|
+$44.4M |
| 3 |
JP Morgan Chase
New York
|
+$44.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$29.4M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$4.9B |
| 2 |
MIM
Morningstar Investment Management
Chicago,
Illinois
|
-$121M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$39.1M |
| 4 |
AWS
Atria Wealth Solutions
New York
|
-$15.3M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$15M |
VMBS Hedge Fund Activity: Q2 2025 in Review
625 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Vanguard Mortgage-Backed Securities ETF (VMBS) for Q2 2025, worth a combined $12.7B — down 27% from $17.3B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new VMBS positions and 64 closed out — a net gain of 16 holders — while 260 added to existing stakes and 204 trimmed.
The largest buyer was Mather Group, adding an estimated $291M. The largest seller was Charles Schwab, cutting an estimated $4.9B.
- 625 institutional investors held Vanguard Mortgage-Backed Securities ETF (VMBS) as of Q2 2025, up from 617 in Q1 2025.
- Funds reported $12.7B of Vanguard Mortgage-Backed Securities ETF stock for Q2 2025, down 27% quarter-over-quarter.
- 80 funds opened new Vanguard Mortgage-Backed Securities ETF positions in Q2 2025 and 64 closed out, a net change of +16 holders.
- The largest Vanguard Mortgage-Backed Securities ETF buyer in Q2 2025 was Mather Group, an estimated $291M added.
- The largest Vanguard Mortgage-Backed Securities ETF seller in Q2 2025 was Charles Schwab, an estimated $4.9B sold.
Based on aggregated 13F filings for Q2 2025.