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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
1832 Asset Management
51
1832 Asset Management
Ontario, Canada
$56.1M +$3.26M +36,922 +6%
Cerity Partners
52
Cerity Partners
New York
$53.9M -$22.8M -259,023 -30%
MT
53
Midwest Trust
Kansas
$53.1M +$52.6M +596,696 New
D.E. Shaw & Co
54
D.E. Shaw & Co
New York
$52M -$77.8M -881,903 -60%
FCAS
55
First Command Advisory Services
Texas
$51.7M +$1.27M +14,375 +3%
R
56
Rebalance
California
$50.7M -$24.8M -280,859 -33%
EA
57
Efficient Advisors
Ohio
$49.1M +$2.55M +28,958 +6%
CFG
58
Citizens Financial Group
Rhode Island
$45.2M -$2.21M -25,107 -5%
PCM
59
Passive Capital Management
Maryland
$44.8M -$935K -10,602 -2%
WANY
60
Wealthspire Advisors (New York)
New York
$44.1M -$2.07M -23,474 -5%
Rockefeller Capital Management
61
Rockefeller Capital Management
New York
$43.3M -$692K -7,843 -2%
Osaic Holdings
62
Osaic Holdings
Arizona
$41.2M +$4.8M +54,442 +13%
CIA
63
Capital Investment Advisors
Georgia
$41.1M +$2.71M +30,755 +7%
MGIA
64
Moneta Group Investment Advisors
Missouri
$39.7M -$1.4M -15,878 -3%
GT
65
Glenview Trust
Kentucky
$39.5M +$7.67M +87,003 +24%
SCM
66
SCS Capital Management
Massachusetts
$39.2M +$700K +7,932 +2%
OPCM
67
Osborne Partners Capital Management
California
$38.5M +$1.71M +19,409 +5%
PGFC
68
Peapack-Gladstone Financial Corp
New Jersey
$37.9M -$1.81M -20,472 -5%
M&T Bank
69
M&T Bank
New York
$35.8M -$2.04M -23,185 -5%
SFA
70
Sequoia Financial Advisors
Ohio
$35M -$1.49M -16,849 -4%
EWM
71
Empirical Wealth Management
Washington
$34.5M +$506K +5,734 +2%
Mercer Global Advisors
72
Mercer Global Advisors
Colorado
$34.2M +$8.75M +99,235 +35%
CAM
73
Chandler Asset Management
California
$33.8M +$137K +1,555 +0.4%
CWM
74
Congress Wealth Management
Massachusetts
$33.6M +$28.3M +320,399 +559%
PCIA
75
Prime Capital Investment Advisors
Kansas
$32.9M -$3.54M -40,164 -10%
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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.