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Vanguard Real Estate ETF
VNQ

1,671 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, 659 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% → 61.43% (+5%)

4% less repeat investments, than reductions

Existing positions increased: 659 | Existing positions reduced: 686

5% less capital invested

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

2% less funds holding

Funds holding: 1,713 → 1,671 (-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
1,671
Holders Change
-42
Holders Change %
-2.45%
% of All Funds
22%
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
659
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
ODA
826
One Degree Advisors
California
$926K -$2.69M -30,530 -75%
IP
827
Intellectus Partners
California
$920K – – –
BC
828
Brio Consultants
California
$918K -$112K -1,275 -11%
BWCS
829
Beirne Wealth Consulting Services
Connecticut
$913K -$1.6M -18,148 -64%
MSF
830
Mustard Seed Financial
Arkansas
$910K -$3.88K -44 -0.4%
FAIM
831
Financial Advocates Investment Management
Washington
$909K -$46.5K -527 -5%
BO
832
Bank OZK
Arkansas
$900K +$3.09K +35 +0.3%
TAM
833
Tocqueville Asset Management
New York
$900K -$24.7K -280 -3%
LIA
834
LS Investment Advisors
Michigan
$897K +$889K +10,075 New
PI
835
PFG Investments
New York
$895K +$45K +510 +5%
NFG
836
Nations Financial Group
Iowa
$892K +$61.3K +695 +7%
SWM
837
Sentinel Wealth Management
Virginia
$891K +$882K +10,005 New
TC
838
Torno Capital
Massachusetts
$891K +$882K +10,000 New
RWM
839
Ruedi Wealth Management
Illinois
$889K +$154K +1,741 +21%
BSB
840
Bangor Savings Bank
Maine
$884K -$92K -1,043 -10%
MFWM
841
Motley Fool Wealth Management
Virginia
$880K -$141K -1,604 -14%
AQR Capital Management
842
AQR Capital Management
Connecticut
$878K +$110K +1,245 +14%
ACA
843
Aptus Capital Advisors
Alabama
$878K +$41.9K +475 +5%
TLP
844
Trinity Legacy Partners
Texas
$877K -$4.67K -53 -0.5%
RWP
845
RWA Wealth Partners
Massachusetts
$877K -$225K -2,554 -21%
GC
846
Guidance Capital
Kentucky
$874K +$127K +1,442 +17%
AFA
847
American Financial Advisors
Georgia
$874K +$617 +7 +0.1%
FTS
848
Fifth Third Securities
Ohio
$873K +$19.7K +223 +2%
CFMC
849
Curbstone Financial Management Corp
New Hampshire
$870K -$58K -658 -6%
RFP
850
Root Financial Partners
California
$869K -$494K -5,601 -36%
32 33
34
35 36

VNQ Hedge Fund Activity: Q2 2025 in Review

1,671 of the 7,596 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 659 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.

  • 1,671 institutional investors held Vanguard Real Estate ETF (VNQ) as of Q2 2025, down from 1,713 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.