Vanguard Mortgage-Backed Securities ETF
VMBS
692 hedge funds and large institutions have $13B invested in Vanguard Mortgage-Backed Securities ETF in 2025 Q4 according to their latest regulatory filings, with 127 funds opening new positions, 306 increasing their positions, 181 reducing their positions, and 43 closing their positions.
195% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 43
69% more repeat investments, than reductions
Existing positions increased: 306 | Existing positions reduced: 181
11% more funds holding in top 10
Funds holding in top 10: 44 → 49 (+5)
10% more funds holding
Funds holding: 628 → 692 (+64)
0.17% less ownership
Funds ownership: 90.26% → 90.09% (-0.17%)
4% less capital invested
Capital invested by funds: $13.5B → $13B (-$512M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$113M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$101M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$95.5M |
| 4 |
AA
Alesco Advisors
Pittsford,
New York
|
+$72M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$39.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.24B |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$107M |
| 3 |
AIM
Acropolis Investment Management
St. Louis,
Missouri
|
-$46.9M |
| 4 |
GC
Garde Capital
Seattle,
Washington
|
-$38.2M |
| 5 |
BWP
BlueStem Wealth Partners
Minnetonka,
Minnesota
|
-$28.1M |
VMBS Hedge Fund Activity: Q4 2025 in Review
692 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Vanguard Mortgage-Backed Securities ETF (VMBS) for Q4 2025, worth a combined $13B — down 3.8% from $13.5B a quarter earlier.
Buyers outnumbered sellers: 127 funds opened new VMBS positions and 43 closed out — a net gain of 84 holders — while 306 added to existing stakes and 181 trimmed.
The largest buyer was Focus Partners Wealth, opening a new position worth an estimated $113M. The largest seller was JP Morgan Chase, cutting an estimated $1.24B.
- 692 institutional investors held Vanguard Mortgage-Backed Securities ETF (VMBS) as of Q4 2025, up from 628 in Q3 2025.
- Funds reported $13B of Vanguard Mortgage-Backed Securities ETF stock for Q4 2025, down 3.8% quarter-over-quarter.
- 127 funds opened new Vanguard Mortgage-Backed Securities ETF positions in Q4 2025 and 43 closed out, a net change of +84 holders.
- The largest Vanguard Mortgage-Backed Securities ETF buyer in Q4 2025 was Focus Partners Wealth, an estimated $113M added.
- The largest Vanguard Mortgage-Backed Securities ETF seller in Q4 2025 was JP Morgan Chase, an estimated $1.24B sold.
Based on aggregated 13F filings for Q4 2025.