Vanguard Real Estate ETF
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
+$1.24B |
| 2 |
GFA
Gallagher Fiduciary Advisors
Rolling Meadows,
Illinois
|
+$499M |
| 3 |
State Street
Boston,
Massachusetts
|
+$124M |
| 4 |
BCMIO
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
|
+$83M |
| 5 |
Empower Advisory Group
Greenwood Village,
Colorado
|
+$50.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$199M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$195M |
| 3 |
D.E. Shaw & Co
New York
|
-$77.8M |
| 4 |
Goldman Sachs
New York
|
-$66.4M |
| 5 |
JP Morgan Chase
New York
|
-$56.4M |
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.