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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
TCM
2551
Towercrest Capital Management
Pennsylvania
$1.06M -$41.6K -67 -4%
WN
2552
Williams & Novak
California
$1.05M +$31.1K +50 +3%
BCP
2553
Blue Chip Partners
Michigan
$1.05M +$1.24K +2 +0.1%
TCWM
2554
Total Clarity Wealth Management
Illinois
$1.05M +$16.8K +27 +2%
SI
2555
Shaker Investments
Ohio
$1.05M +$4.97K +8 +0.5%
IPW
2556
Impact Partnership Wealth
Georgia
$1.05M +$700K +1,127 +208%
AGM
2557
Alpine Global Management
New York
$1.04M +$1.03M +1,665 New
FA
2558
FC Advisory
Pennsylvania
$1.04M +$621 +1 +0.1%
WFMPM
2559
Woodley Farra Manion Portfolio Management
Indiana
$1.04M +$61.5K +99 +6%
FFL
2560
Financial Freedom LLC
Ohio
$1.04M +$621 +1 +0.1%
ITG
2561
Index Technologies Group
New York
$1.03M +$1.03M +1,650 New
SWIM
2562
Smallwood Wealth Investment Management
New Jersey
$1.03M -$348K -560 -25%
WMS
2563
Wealth Management Strategies
Pennsylvania
$1.03M +$6.21K +10 +0.6%
LWMM
2564
Legacy Wealth Management (Mississippi)
Mississippi
$1.03M +$56.6K +91 +6%
PPA
2565
Painted Porch Advisors
California
$1.03M -$316K -509 -24%
SDWIA
2566
Schwarz Dygos Wheeler Investment Advisors
Minnesota
$1.03M – – –
PFA
2567
Pathway Financial Advisors
Vermont
$1.03M -$1.24K -2 -0.1%
CFG
2568
Cooper Financial Group
California
$1.03M -$36.7K -59 -3%
SG
2569
Stanich Group
New York
$1.02M +$1.24K +2 +0.1%
BF
2570
Brogan Financial
Tennessee
$1.02M +$15.5K +25 +2%
CNBOF
2571
City National Bank of Florida
Florida
$1.02M -$3.11K -5 -0.3%
BAMG
2572
Brand Asset Management Group
Missouri
$1.02M -$124K -199 -11%
SFM
2573
Signet Financial Management
New Jersey
$1.02M -$24.9K -40 -2%
FNT
2574
First Nebraska Trust
Nebraska
$1.02M – – –
OWA
2575
ORBA Wealth Advisors
Illinois
$1.02M -$21.8K -35 -2%
101 102
103
104 105

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.