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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
AWP
1301
Axis Wealth Partners
Rhode Island
$264K -$7.06K -80 -3%
KIA
1302
Knollwood Investment Advisory
Maryland
$263K – – –
SSWM
1303
Sheets Smith Wealth Management
North Carolina
$263K -$794 -9 -0.3%
EWA
1304
Evolution Wealth Advisors
Florida
$262K -$32.2K -365 -11%
PWM
1305
PBMares Wealth Management
Virginia
$262K -$6.79K -77 -3%
2WWM
1306
21 West Wealth Management
California
$261K +$259K +2,936 New
IWA
1307
Inspirion Wealth Advisors
Illinois
$261K +$265 +3 +0.1%
RLIM
1308
Red Lighthouse Investment Management
New York
$261K -$4.85K -55 -2%
ARA
1309
Alexander Randolph Advisory
Virginia
$261K – – –
AMM
1310
American Money Management
California
$260K +$3.26K +37 +1%
W
1311
WorthPointe
California
$259K +$257K +2,910 New
IP
1312
Ignite Planners
California
$259K +$5.2K +59 +2%
JWM
1313
Jupiter Wealth Management
Colorado
$258K – – –
MFA
1314
McClarren Financial Advisors
Pennsylvania
$258K +$29.9K +339 +13%
HFS
1315
Hopwood Financial Services
Virginia
$258K – – –
IHWM
1316
Iron Horse Wealth Management
Iowa
$257K +$2.21K +25 +0.9%
SA
1317
Seneschal Advisors
Washington
$257K -$7.06K -80 -3%
First Trust Advisors
1318
First Trust Advisors
Illinois
$256K -$256K -2,906 -50%
RWM
1319
RBA Wealth Management
California
$256K +$11.2K +127 +5%
CIG
1320
Cascade Investment Group
Colorado
$255K +$4.76K +54 +2%
SFC
1321
Sprinkle Financial Consultants
Colorado
$255K +$2.47K +28 +1%
GPA
1322
Guidance Point Advisors
Massachusetts
$254K -$62K -703 -20%
MWM
1323
MorganRosel Wealth Management
Colorado
$254K +$2.91K +33 +1%
ACM
1324
AUA Capital Management
Pennsylvania
$253K – – –
SP
1325
SWS Partners
Ohio
$253K -$82.8K -939 -25%
51 52
53
54 55

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.