Vanguard Real Estate ETF
1,677 hedge funds and large institutions have $19.7B invested in Vanguard Real Estate ETF in 2025 Q3 according to their latest regulatory filings, with 101 funds opening new positions, 712 increasing their positions, 615 reducing their positions, and 70 closing their positions.
44% more first-time investments, than exits
New positions opened: 101 | Existing positions closed: 70
16% more repeat investments, than reductions
Existing positions increased: 712 | Existing positions reduced: 615
1.3% more ownership
Funds ownership: 56.21% → 57.51% (+1.3%)
5% more capital invested
Capital invested by funds: $18.8B → $19.7B (+$902M)
0% more funds holding
Funds holding: 1,672 → 1,677 (+5)
3% less funds holding in top 10
Funds holding in top 10: 100 → 97 (-3)
23% less call options, than puts
Call options by funds: $91.3M | Put options by funds: $119M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$76.8M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$75M |
| 3 |
SHGA
Sand Hill Global Advisors
Palo Alto,
California
|
+$69.5M |
| 4 |
Empower Advisory Group
Greenwood Village,
Colorado
|
+$52.6M |
| 5 |
Wealthfront Advisers
Palo Alto,
California
|
+$51.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$112M |
| 2 |
Goldman Sachs
New York
|
-$95.9M |
| 3 |
Creative Planning
Overland Park,
Kansas
|
-$37.9M |
| 4 |
Citigroup
New York
|
-$27.7M |
| 5 |
PCP
Proficio Capital Partners
Newton,
Massachusetts
|
-$15.5M |
VNQ Hedge Fund Activity: Q3 2025 in Review
1,677 of the 7,639 institutional investors tracked by Wall St. Rank reported a position in Vanguard Real Estate ETF (VNQ) for Q3 2025, worth a combined $19.7B — up 4.8% from $18.8B a quarter earlier.
Buyers outnumbered sellers: 101 funds opened new VNQ positions and 70 closed out — a net gain of 31 holders — while 712 added to existing stakes and 615 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $76.8M. The largest seller was State Street, cutting an estimated $112M.
- 1,677 institutional investors held Vanguard Real Estate ETF (VNQ) as of Q3 2025, up from 1,672 in Q2 2025.
- Funds reported $19.7B of Vanguard Real Estate ETF stock for Q3 2025, up 4.8% quarter-over-quarter.
- 101 funds opened new Vanguard Real Estate ETF positions in Q3 2025 and 70 closed out, a net change of +31 holders.
- The largest Vanguard Real Estate ETF buyer in Q3 2025 was Northwestern Mutual Wealth Management, an estimated $76.8M added.
- The largest Vanguard Real Estate ETF seller in Q3 2025 was State Street, an estimated $112M sold.
Based on aggregated 13F filings for Q3 2025.