Vanguard S&P 500 ETF
3,385 hedge funds and large institutions have $267B invested in Vanguard S&P 500 ETF in 2025 Q2 according to their latest regulatory filings, with 216 funds opening new positions, 1,622 increasing their positions, 1,114 reducing their positions, and 109 closing their positions.
98% more first-time investments, than exits
New positions opened: 216 | Existing positions closed: 109
46% more repeat investments, than reductions
Existing positions increased: 1,622 | Existing positions reduced: 1,114
16% more capital invested
Capital invested by funds: $230B → $267B (+$36.7B)
2% more funds holding in top 10
Funds holding in top 10: 794 → 813 (+19)
2% more funds holding
Funds holding: 3,327 → 3,385 (+58)
0.7% less ownership
Funds ownership: 39.07% → 38.37% (-0.7%)
12% less call options, than puts
Call options by funds: $1.83B | Put options by funds: $2.07B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
California Public Employees Retirement System
Sacramento,
California
|
+$2.07B |
| 2 |
Jones Financial Companies
Des Peres,
Missouri
|
+$1.31B |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.22B |
| 4 |
SC
Soundwatch Capital
Rowayton,
Connecticut
|
+$1.15B |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
+$962M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kedalion Capital Management
London,
United Kingdom
|
-$1.06B |
| 2 |
APF
Alaska Permanent Fund
Juneau,
Alaska
|
-$738M |
| 3 |
JP Morgan Chase
New York
|
-$555M |
| 4 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$385M |
| 5 |
Morgan Stanley
New York
|
-$327M |
VOO Hedge Fund Activity: Q2 2025 in Review
3,385 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Vanguard S&P 500 ETF (VOO) for Q2 2025, worth a combined $267B — up 16% from $230B a quarter earlier.
Buyers outnumbered sellers: 216 funds opened new VOO positions and 109 closed out — a net gain of 107 holders — while 1,622 added to existing stakes and 1,114 trimmed.
The largest buyer was California Public Employees Retirement System, adding an estimated $2.07B. The largest seller was Kedalion Capital Management, exiting entirely with an estimated $1.06B sold.
- 3,385 institutional investors held Vanguard S&P 500 ETF (VOO) as of Q2 2025, up from 3,327 in Q1 2025.
- Funds reported $267B of Vanguard S&P 500 ETF stock for Q2 2025, up 16% quarter-over-quarter.
- 216 funds opened new Vanguard S&P 500 ETF positions in Q2 2025 and 109 closed out, a net change of +107 holders.
- The largest Vanguard S&P 500 ETF buyer in Q2 2025 was California Public Employees Retirement System, an estimated $2.07B added.
- The largest Vanguard S&P 500 ETF seller in Q2 2025 was Kedalion Capital Management, an estimated $1.06B sold.
Based on aggregated 13F filings for Q2 2025.