Vanguard Real Estate ETF
1,672 hedge funds and large institutions have $18.8B invested in Vanguard Real Estate ETF in 2025 Q2 according to their latest regulatory filings, with 92 funds opening new positions, 659 increasing their positions, 688 reducing their positions, and 113 closing their positions.
0.26% less ownership
Funds ownership: 56.47% → 56.21% (-0.26%)
4% less repeat investments, than reductions
Existing positions increased: 659 | Existing positions reduced: 688
5% less capital invested
Capital invested by funds: $19.7B → $18.8B (-$934M)
3% less funds holding
Funds holding: 1,716 → 1,672 (-44)
8% less funds holding in top 10
Funds holding in top 10: 109 → 100 (-9)
19% less first-time investments, than exits
New positions opened: 92 | Existing positions closed: 113
38% less call options, than puts
Call options by funds: $75.8M | Put options by funds: $122M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$124M |
| 2 |
BCMIO
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
|
+$83M |
| 3 |
Empower Advisory Group
Greenwood Village,
Colorado
|
+$50.9M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$50.3M |
| 5 |
LPL Financial
San Diego,
California
|
+$32M |
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
1,672 of the 7,613 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: 113 funds closed out of VNQ and 92 opened new positions — a net loss of 21 holders — while 688 trimmed existing stakes and 659 added.
The largest buyer was State Street, adding an estimated $124M. The largest seller was Morgan Stanley, cutting an estimated $199M.
- 1,672 institutional investors held Vanguard Real Estate ETF (VNQ) as of Q2 2025, down from 1,716 in Q1 2025.
- Funds reported $18.8B of Vanguard Real Estate ETF stock for Q2 2025, down 4.7% quarter-over-quarter.
- 92 funds opened new Vanguard Real Estate ETF positions in Q2 2025 and 113 closed out, a net change of -21 holders.
- The largest Vanguard Real Estate ETF buyer in Q2 2025 was State Street, an estimated $124M 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.