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Vanguard S&P 500 ETF
VOO

3,830 hedge funds and large institutions have $342B invested in Vanguard S&P 500 ETF in 2025 Q4 according to their latest regulatory filings, with 532 funds opening new positions, 1,768 increasing their positions, 1,144 reducing their positions, and 89 closing their positions.

New
Increased
Maintained
Reduced
Closed

498% more first-time investments, than exits

New positions opened: 532 | Existing positions closed: 89

55% more repeat investments, than reductions

Existing positions increased: 1,768 | Existing positions reduced: 1,144

26% more call options, than puts

Call options by funds: $1.54B | Put options by funds: $1.22B

18% more capital invested

Capital invested by funds: $290B → $342B (+$52.5B)

15% more funds holding in top 10

Funds holding in top 10: 819 → 942 (+123)

11% more funds holding

Funds holding: 3,459 → 3,830 (+371)

3.36% more ownership

Funds ownership: 38.32% → 41.68% (+3.4%)

Holders
3,830
Holders Change
+371
Holders Change %
+10.73%
% of All Funds
46.58%
Holding in Top 10
942
Holding in Top 10 Change
+123
Holding in Top 10 Change %
+15.02%
% of All Funds
11.46%
New
532
Increased
1,768
Reduced
1,144
Closed
89
Calls
$1.54B
Puts
$1.22B
Net Calls
+$321M
Net Calls Change
+$508M

Top Buyers

1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$11B
2
CM
Capula Management
Cayman Islands
+$7.4B
3
N
Natixis
France
+$5.13B
4
California Public Employees Retirement System
California Public Employees Retirement System
California
+$3.5B
5
Marshall Wace
Marshall Wace
United Kingdom
+$2.85B

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$9.67B
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$1.43B
3
AAP
Arax Advisory Partners
Colorado
-$1.29B
4
Charles Schwab
Charles Schwab
California
-$819M
5
WANY
Wealthspire Advisors (New York)
New York
-$716M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWM
2476
Power Wealth Management
Georgia
$1.17M +$51K +82 +5%
FCI
2477
Financial Counselors Inc
Kansas
$1.17M +$1.24K +2 +0.1%
DCM
2478
Dudley Capital Management
Virginia
$1.17M +$71.5K +115 +7%
AFA
2479
Allium Financial Advisors
Oregon
$1.17M +$6.84K +11 +0.6%
WMA
2480
Wealth Management Associates
New Jersey
$1.17M +$300K +483 +35%
BF
2481
Benchmark Financial
Delaware
$1.17M +$1.15M +1,858 New
WF
2482
Willow Financial
Arkansas
$1.16M +$1.15M +1,857 New
NAAA
2483
New Age Alpha Advisors
New York
$1.16M -$30.5K -49 -3%
BH
2484
Burk Holdings
Oklahoma
$1.16M +$534K +859 +86%
LIA
2485
Lynx Investment Advisory
District of Columbia
$1.16M +$2.49K +4 +0.2%
RPCONE
2486
Retirement Planning Company of New England
Rhode Island
$1.15M +$2.49K +4 +0.2%
VAM
2487
Virtue Asset Management
Illinois
$1.15M +$1.24K +2 +0.1%
PA
2488
PW Advisors
Florida
$1.15M +$1.14M +1,839 New
PSA
2489
Plum Street Advisors
Louisiana
$1.15M -$27.3K -44 -2%
GFWA
2490
Grey Fox Wealth Advisors
Delaware
$1.15M -$117K -188 -9%
RI
2491
Rinkey Investments
California
$1.15M +$35.4K +57 +3%
BOH
2492
Bank of Hawaii
Hawaii
$1.15M – – –
KAM
2493
Knightsbridge Asset Management
California
$1.15M -$72.1K -116 -6%
GIM
2494
Goelzer Investment Management
Indiana
$1.15M +$88.9K +143 +8%
KOC
2495
Koss-Olinger Consulting
Florida
$1.14M -$3.36M -5,411 -75%
IWA
2496
Icon Wealth Advisors
Texas
$1.14M +$69.6K +112 +7%
FAOAI
2497
Fund Advisors of America Inc
Florida
$1.14M +$1.13M +1,818 New
RCG
2498
Regatta Capital Group
California
$1.14M +$1.24K +2 +0.1%
EWA
2499
Eagle Wealth Advisors
Connecticut
$1.14M +$1.13M +1,817 New
CWMGP
2500
Capstone Wealth Management Group (Pennsylvania)
Pennsylvania
$1.14M +$621 +1 +0.1%
98 99
100
101 102

VOO Hedge Fund Activity: Q4 2025 in Review

3,830 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Vanguard S&P 500 ETF (VOO) for Q4 2025, worth a combined $342B — up 18% from $290B a quarter earlier.

Buyers outnumbered sellers: 532 funds opened new VOO positions and 89 closed out — a net gain of 443 holders — while 1,768 added to existing stakes and 1,144 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $11B. The largest seller was JP Morgan Chase, cutting an estimated $9.67B.

  • 3,830 institutional investors held Vanguard S&P 500 ETF (VOO) as of Q4 2025, up from 3,459 in Q3 2025.
  • Funds reported $342B of Vanguard S&P 500 ETF stock for Q4 2025, up 18% quarter-over-quarter.
  • 532 funds opened new Vanguard S&P 500 ETF positions in Q4 2025 and 89 closed out, a net change of +443 holders.
  • The largest Vanguard S&P 500 ETF buyer in Q4 2025 was Royal Bank of Canada, an estimated $11B added.
  • The largest Vanguard S&P 500 ETF seller in Q4 2025 was JP Morgan Chase, an estimated $9.67B sold.

Based on aggregated 13F filings for Q4 2025.