Vanguard Real Estate ETF
1,716 hedge funds and large institutions have $19.7B invested in Vanguard Real Estate ETF in 2025 Q1 according to their latest regulatory filings, with 114 funds opening new positions, 680 increasing their positions, 692 reducing their positions, and 94 closing their positions.
21% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 94
2% more funds holding in top 10
Funds holding in top 10: 107 → 109 (+2)
9% more call options, than puts
Call options by funds: $125M | Put options by funds: $115M
3% more capital invested
Capital invested by funds: $19.2B → $19.7B (+$516M)
0.25% more ownership
Funds ownership: 56.22% → 56.47% (+0.25%)
2% less repeat investments, than reductions
Existing positions increased: 680 | Existing positions reduced: 692
1% less funds holding
Funds holding: 1,737 → 1,716 (-21)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$364M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$242M |
| 3 |
Empower Advisory Group
Greenwood Village,
Colorado
|
+$187M |
| 4 |
Goldman Sachs
New York
|
+$107M |
| 5 |
Citigroup
New York
|
+$74.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caisse de Depot et Placement du Quebec (CDPQ)
Montreal,
Quebec, Canada
|
-$228M |
| 2 |
BCMIO
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
|
-$146M |
| 3 |
JP Morgan Chase
New York
|
-$83.6M |
| 4 |
FI
FIDELIS iM
Medford,
Oregon
|
-$65.3M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$61.7M |
VNQ Hedge Fund Activity: Q1 2025 in Review
1,716 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Vanguard Real Estate ETF (VNQ) for Q1 2025, worth a combined $19.7B — up 2.7% from $19.2B a quarter earlier.
Buyers outnumbered sellers: 114 funds opened new VNQ positions and 94 closed out — a net gain of 20 holders — while 680 added to existing stakes and 692 trimmed.
The largest buyer was State of New Jersey Common Pension Fund D, adding an estimated $364M. The largest seller was Caisse de Depot et Placement du Quebec (CDPQ), cutting an estimated $228M.
- 1,716 institutional investors held Vanguard Real Estate ETF (VNQ) as of Q1 2025, down from 1,737 in Q4 2024.
- Funds reported $19.7B of Vanguard Real Estate ETF stock for Q1 2025, up 2.7% quarter-over-quarter.
- 114 funds opened new Vanguard Real Estate ETF positions in Q1 2025 and 94 closed out, a net change of +20 holders.
- The largest Vanguard Real Estate ETF buyer in Q1 2025 was State of New Jersey Common Pension Fund D, an estimated $364M added.
- The largest Vanguard Real Estate ETF seller in Q1 2025 was Caisse de Depot et Placement du Quebec (CDPQ), an estimated $228M sold.
Based on aggregated 13F filings for Q1 2025.