Vanguard S&P 500 ETF
3,857 hedge funds and large institutions have $339B invested in Vanguard S&P 500 ETF in 2025 Q4 according to their latest regulatory filings, with 549 funds opening new positions, 1,772 increasing their positions, 1,149 reducing their positions, and 90 closing their positions.
510% more first-time investments, than exits
New positions opened: 549 | Existing positions closed: 90
54% more repeat investments, than reductions
Existing positions increased: 1,772 | Existing positions reduced: 1,149
26% more call options, than puts
Call options by funds: $1.54B | Put options by funds: $1.22B
17% more capital invested
Capital invested by funds: $290B → $339B (+$49.1B)
16% more funds holding in top 10
Funds holding in top 10: 820 → 949 (+129)
11% more funds holding
Funds holding: 3,469 → 3,857 (+388)
3.01% more ownership
Funds ownership: 38.34% → 41.35% (+3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$11B |
| 2 |
CM
Capula Management
Grand Cayman,
Cayman Islands
|
+$7.4B |
| 3 |
N
Natixis
Paris,
France
|
+$5.13B |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$3.5B |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$2.85B |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$9.67B |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.43B |
| 3 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
-$1.29B |
| 4 |
Charles Schwab
San Francisco,
California
|
-$819M |
| 5 |
WANY
Wealthspire Advisors (New York)
New York
|
-$716M |
VOO Hedge Fund Activity: Q4 2025 in Review
3,857 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Vanguard S&P 500 ETF (VOO) for Q4 2025, worth a combined $339B — up 17% from $290B a quarter earlier.
Buyers outnumbered sellers: 549 funds opened new VOO positions and 90 closed out — a net gain of 459 holders — while 1,772 added to existing stakes and 1,149 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.
- 3,857 institutional investors held Vanguard S&P 500 ETF (VOO) as of Q4 2025, up from 3,469 in Q3 2025.
- Funds reported $339B of Vanguard S&P 500 ETF stock for Q4 2025, up 17% quarter-over-quarter.
- 549 funds opened new Vanguard S&P 500 ETF positions in Q4 2025 and 90 closed out, a net change of +459 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.