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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
RS
2301
Retirement Solution
Washington
$1.55M +$176K +283 +13%
KNW
2302
Kesler Norman & Wride
Utah
$1.55M +$1.54M +2,472 New
CPW
2303
Catalyst Private Wealth
California
$1.55M +$36.7K +59 +2%
BAWC
2304
Boyce & Associates Wealth Consulting
Texas
$1.55M -$40.4K -65 -3%
IAMOG
2305
Investors Asset Management of Georgia
Georgia
$1.54M -$29.8K -48 -2%
CWM
2306
CIBC World Markets
New York
$1.54M +$1.53M +2,460 New
SPFA
2307
Summit Place Financial Advisors
New Jersey
$1.54M +$16.2K +26 +1%
CS
2308
Capital Square
Tennessee
$1.54M +$29.8K +48 +2%
BGA
2309
Battery Global Advisors
Massachusetts
$1.54M -$15.2M -24,390 -83%
CFA
2310
Cahill Financial Advisors
Minnesota
$1.53M -$20.5K -33 -1%
KFSN
2311
Keystone Financial Services (Nebraska)
Nebraska
$1.53M -$9.32K -15 -0.6%
HFA
2312
Hershey Financial Advisers
Pennsylvania
$1.53M +$193K +310 +15%
DF
2313
Daviman Financial
Indiana
$1.53M +$1.51M +2,434 New
IJWM
2314
Inman Jager Wealth Management
Mississippi
$1.52M -$219K -352 -13%
SWA
2315
Sightline Wealth Advisors
Connecticut
$1.52M -$16.2K -26 -1%
FFWA
2316
Forthright Family Wealth Advisory
Texas
$1.52M +$75.2K +121 +5%
GC
2317
GatePass Capital
Ohio
$1.52M +$209K +336 +16%
GC
2318
Grange Capital
Oregon
$1.52M -$107K -172 -7%
WA1
2319
Wimmer Associates 1
California
$1.51M +$32.3K +52 +2%
WAM
2320
Walker Asset Management
Missouri
$1.51M +$20.5K +33 +1%
KG
2321
Kieckhefer Group
Wisconsin
$1.51M +$7.46K +12 +0.5%
SIG
2322
Sargent Investment Group
Maryland
$1.51M +$1.49M +2,402 New
MSG
2323
Main Street Group
Virginia
$1.5M +$498K +802 +50%
VIP
2324
Vista Investment Partners
Oklahoma
$1.5M +$172K +276 +13%
KA
2325
Kooman & Associates
Pennsylvania
$1.5M -$255K -410 -15%
91 92
93
94 95

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.