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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
PWP
2276
Private Wealth Partners
California
$1.61M -$28K -45 -2%
MHB
2277
Midwest Heritage Bank
Iowa
$1.6M +$10.6K +17 +0.7%
ACA
2278
Anchor Capital Advisors
Massachusetts
$1.6M +$104K +167 +7%
KIA
2279
KCM Investment Advisors
California
$1.6M +$124K +200 +9%
OC
2280
Oarsman Capital
Wisconsin
$1.6M -$74.6K -120 -5%
GIA
2281
Guyasuta Investment Advisors
Pennsylvania
$1.59M -$186K -299 -11%
LF
2282
Lee Financial
Texas
$1.59M +$454K +731 +41%
SP
2283
Saranac Partners
$1.59M +$531K +854 +51%
BZWA
2284
Blue Zone Wealth Advisors
California
$1.59M +$91.4K +147 +6%
RIG
2285
RiverFront Investment Group
Virginia
$1.58M -$47.2K -76 -3%
BMO
2286
Beck Mack & Oliver
New York
$1.58M – – –
RRA
2287
Round Rock Advisors
Connecticut
$1.58M +$12.4K +20 +0.8%
STA
2288
Smith Thornton Advisors
Alabama
$1.58M -$18K -29 -1%
PMWMG
2289
Parr McKnight Wealth Management Group
Minnesota
$1.58M +$23.6K +38 +2%
EI
2290
Ellevest Inc
New York
$1.57M -$20.5K -33 -1%
MS
2291
Madden Securities
Texas
$1.57M +$8.08K +13 +0.5%
HG
2292
Herbst Group
Connecticut
$1.57M +$43.5K +70 +3%
AW
2293
Alteri Wealth
California
$1.57M +$52.2K +84 +3%
EA
2294
Evolution Advisers
Virginia
$1.57M +$11.8K +19 +0.8%
W
2295
Wealthquest
Ohio
$1.56M +$1.55M +2,494 New
LWP
2296
LFG Wealth Partners
Kentucky
$1.56M +$1.54M +2,482 New
NAM
2297
NTV Asset Management
West Virginia
$1.56M +$152K +244 +11%
CWMGO
2298
Capstone Wealth Management Group (Oregon)
Oregon
$1.55M -$14.3K -23 -0.9%
PWS
2299
Peterson Wealth Services
Utah
$1.55M +$1.45M +2,338 +1,732%
GSIAS
2300
Garden State Investment Advisory Services
New Jersey
$1.55M +$16.2K +26 +1%
90 91
92
93 94

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.