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Vanguard Real Estate ETF
VNQ

1,670 hedge funds and large institutions have $18.8B invested in Vanguard Real Estate ETF in 2025 Q2 according to their latest regulatory filings, with 93 funds opening new positions, 658 increasing their positions, 686 reducing their positions, and 112 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.96% more ownership

Funds ownership: 56.46% → 61.42% (+5%)

4% less repeat investments, than reductions

Existing positions increased: 658 | Existing positions reduced: 686

5% less capital invested

Capital invested by funds: $19.7B → $18.8B (-$932M)

2% less funds holding

Funds holding: 1,712 → 1,670 (-42)

8% less funds holding in top 10

Funds holding in top 10: 109 → 100 (-9)

17% less first-time investments, than exits

New positions opened: 93 | Existing positions closed: 112

38% less call options, than puts

Call options by funds: $75.8M | Put options by funds: $122M

Holders
1,670
Holders Change
-42
Holders Change %
-2.45%
% of All Funds
21.99%
Holding in Top 10
100
Holding in Top 10 Change
-9
Holding in Top 10 Change %
-8.26%
% of All Funds
1.32%
New
93
Increased
658
Reduced
686
Closed
112
Calls
$75.8M
Puts
$122M
Net Calls
-$46.3M
Net Calls Change
-$56.2M

Top Buyers

Rank Fund Capital Flow
1
PCP
Proficio Capital Partners
Massachusetts
+$1.24B
2
GFA
Gallagher Fiduciary Advisors
Illinois
+$499M
3
State Street
State Street
Massachusetts
+$124M
4
BCMIO
Beacon Capital Management Inc (Ohio)
Ohio
+$83M
5
Empower Advisory Group
Empower Advisory Group
Colorado
+$50.9M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$199M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$195M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$77.8M
4
Goldman Sachs
Goldman Sachs
New York
-$66.4M
5
JP Morgan Chase
JP Morgan Chase
New York
-$56.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
ALA
476
Atlas Legacy Advisors
California
$2.66M -$54.6K -619 -2%
RA
477
RFG Advisory
Alabama
$2.66M +$45.8K +519 +2%
LFWA
478
LBJ Family Wealth Advisors
Texas
$2.66M +$794 +9 +0%
AI
479
Atria Investments
North Carolina
$2.64M -$1.69M -19,122 -39%
RWM
480
Rialto Wealth Management
New York
$2.64M +$119K +1,354 +5%
SFG
481
Seamount Financial Group
Colorado
$2.63M +$381K +4,316 +17%
P
482
&Partners
Tennessee
$2.62M +$651K +7,382 +33%
FWA
483
FSC Wealth Advisors
New York
$2.6M +$141K +1,604 +6%
CIC
484
Carnegie Investment Counsel
Ohio
$2.59M -$185K -2,094 -7%
DWM
485
Destination Wealth Management
California
$2.57M +$281K +3,188 +12%
FCBT
486
First Citizens Bank & Trust
North Carolina
$2.57M -$975K -11,053 -28%
WCP
487
Wealthcare Capital Partners
Pennsylvania
$2.57M +$111K +1,261 +5%
DRP
488
Decker Retirement Planning
Utah
$2.56M +$2.5M +28,382 +7,008%
OSAM
489
O'Shaughnessy Asset Management
Connecticut
$2.56M +$1.22M +13,847 +93%
VFA
490
Voya Financial Advisors
Connecticut
$2.55M +$923K +10,461 +57%
BCM
491
BTC Capital Management
Iowa
$2.55M – – –
HB
492
Horizon Bancorp
Indiana
$2.54M +$78.5K +890 +3%
IWC
493
Infinity Wealth Counsel
Ohio
$2.54M +$16.5K +187 +0.7%
UA
494
Unison Advisors
District of Columbia
$2.53M +$36.4K +413 +1%
Bank Julius Baer & Co
495
Bank Julius Baer & Co
Switzerland
$2.52M +$6.97K +79 +0.3%
AIM
496
AMI Investment Management
Indiana
$2.52M +$113K +1,277 +5%
SWA
497
Sax Wealth Advisors
New Jersey
$2.51M +$71.6K +812 +3%
CCM
498
Colorado Capital Management
Colorado
$2.5M -$118K -1,342 -5%
DADC
499
D.A. Davidson & Co
Montana
$2.49M +$64.2K +728 +3%
PWM
500
Perigon Wealth Management
California
$2.49M -$101K -1,147 -4%
18 19
20
21 22

VNQ Hedge Fund Activity: Q2 2025 in Review

1,670 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Vanguard Real Estate ETF (VNQ) for Q2 2025, worth a combined $18.8B — down 4.7% from $19.7B a quarter earlier.

Sellers outnumbered buyers: 112 funds closed out of VNQ and 93 opened new positions — a net loss of 19 holders — while 686 trimmed existing stakes and 658 added.

The largest buyer was Proficio Capital Partners, opening a new position worth an estimated $1.24B. The largest seller was Morgan Stanley, cutting an estimated $199M.

  • 1,670 institutional investors held Vanguard Real Estate ETF (VNQ) as of Q2 2025, down from 1,712 in Q1 2025.
  • Funds reported $18.8B of Vanguard Real Estate ETF stock for Q2 2025, down 4.7% quarter-over-quarter.
  • 93 funds opened new Vanguard Real Estate ETF positions in Q2 2025 and 112 closed out, a net change of -19 holders.
  • The largest Vanguard Real Estate ETF buyer in Q2 2025 was Proficio Capital Partners, an estimated $1.24B added.
  • The largest Vanguard Real Estate ETF seller in Q2 2025 was Morgan Stanley, an estimated $199M sold.

Based on aggregated 13F filings for Q2 2025.