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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
FSA
2326
Financial Security Advisor
Virginia
$1.48M +$1.23M +1,975 +504%
PD
2327
Planning Directions
Pennsylvania
$1.48M -$22.4K -36 -2%
CD
2328
Chapin Davis
Maryland
$1.48M +$621 +1 +0%
SAMT
2329
Select Asset Management & Trust
Pennsylvania
$1.48M – – –
AEPWM
2330
Atlantic Edge Private Wealth Management
Florida
$1.48M -$485K -780 -25%
FFWA
2331
FRG Family Wealth Advisors
Washington
$1.47M +$205K +330 +16%
PCM
2332
Princeton Capital Management
New Jersey
$1.47M +$940K +1,512 +182%
CCFCSB
2333
Cape Cod Five Cents Savings Bank
Massachusetts
$1.47M – – –
KIG
2334
Kennedy Investment Group
New Jersey
$1.46M +$359K +577 +33%
CSI
2335
Cross Staff Investments
New York
$1.45M – – –
4WM
2336
44 Wealth Management
Oregon
$1.45M +$1.44M +2,313 New
FFG
2337
Fortem Financial Group
California
$1.45M +$1.16M +1,866 +420%
AWM
2338
Ameliora Wealth Management
Switzerland
$1.45M +$99.4K +160 +7%
IP
2339
Intellectus Partners
California
$1.45M +$1.43M +2,306 New
ACM
2340
Anfield Capital Management
California
$1.44M -$15.5K -25 -1%
GLR
2341
Great Lakes Retirement
Ohio
$1.44M +$1.43M +2,297 New
HWMC
2342
Heritage Wealth Management (California)
California
$1.44M +$4.97K +8 +0.3%
FAG
2343
Fortitude Advisory Group
Washington
$1.44M +$648K +1,043 +84%
MIM
2344
Marshall Investment Management
Colorado
$1.44M -$32.3K -52 -2%
SWM
2345
Sandro Wealth Management
New Jersey
$1.43M +$1.42M +2,287 New
RMC
2346
Resources Management Corp
Connecticut
$1.43M -$1.24K -2 -0.1%
OCM
2347
Osterweis Capital Management
California
$1.43M – – –
FMTC
2348
Farmers & Merchants Trust Company
California
$1.42M -$62.1K -100 -4%
DA
2349
Dash Acquisitions
California
$1.42M +$965K +1,552 +221%
BP
2350
Broadleaf Partners
Ohio
$1.42M +$104K +168 +8%
92 93
94
95 96

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.