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Vanguard FTSE Emerging Markets ETF

2,213 hedge funds and large institutions have $59B invested in Vanguard FTSE Emerging Markets ETF in 2025 Q1 according to their latest regulatory filings, with 144 funds opening new positions, 978 increasing their positions, 866 reducing their positions, and 120 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 144 | Existing positions closed: 120

17% more call options, than puts

Call options by funds: $60.2M | Put options by funds: $51.4M

13% more repeat investments, than reductions

Existing positions increased: 978 | Existing positions reduced: 866

8% more funds holding in top 10

Funds holding in top 10: 227245 (+18)

0.63% more ownership

Funds ownership: 71.43%72.06% (+0.63%)

0% more capital invested

Capital invested by funds: $58.9B → $59B (+$184M)

1% less funds holding

Funds holding: 2,2352,213 (-22)

Holders
2,213
Holders Change
-22
Holders Change %
-0.98%
% of All Funds
29.67%
Holding in Top 10
245
Holding in Top 10 Change
+18
Holding in Top 10 Change %
+7.93%
% of All Funds
3.29%
New
144
Increased
978
Reduced
866
Closed
120
Calls
$60.2M
Puts
$51.4M
Net Calls
+$8.83M
Net Calls Change
-$47.1M
Name Holding Trade Value Shares
Change
Change in
Stake
JRP
51
Jasper Ridge Partners
California
$152M +$1.65M +36,550 +1%
MCM
52
MAI Capital Management
Ohio
$152M +$10.4M +231,854 +7%
SHGA
53
Sand Hill Global Advisors
California
$147M +$2.59M +57,511 +2%
Cetera Investment Advisers
54
Cetera Investment Advisers
Illinois
$145M +$16.2M +359,435 +13%
EPM
55
Elm Partners Management
Pennsylvania
$145M -$12.4M -275,710 -8%
BIM
56
Bridges Investment Management
Nebraska
$143M +$10.2M +226,418 +8%
Jones Financial Companies
57
Jones Financial Companies
Missouri
$142M +$16.9M +374,491 +14%
RFC
58
Regions Financial Corp
Alabama
$141M +$7.13M +158,489 +5%
BF
59
BOK Financial
Oklahoma
$141M +$20.8M +461,844 +17%
Bank of Montreal
60
Bank of Montreal
Ontario, Canada
$140M +$2.82M +62,640 +2%
Cerity Partners
61
Cerity Partners
New York
$137M -$11.5M -254,872 -8%
Focus Partners Wealth
62
Focus Partners Wealth
Massachusetts
$135M +$2.67M +59,266 +2%
JFG
63
JMG Financial Group
Illinois
$130M +$6.18M +137,308 +5%
CL
64
Choreo LLC
Illinois
$126M -$12.3M -273,756 -9%
M&T Bank
65
M&T Bank
New York
$120M -$2.32M -51,505 -2%
KeyBank National Association
66
KeyBank National Association
Ohio
$119M -$3.95M -87,766 -3%
MML Investors Services
67
MML Investors Services
Massachusetts
$119M +$3.33M +74,023 +3%
BP
68
Ballentine Partners
Massachusetts
$117M -$404K -8,965 -0.3%
CCWA
69
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$114M +$7.34M +163,144 +7%
CIBC Private Wealth Group
70
CIBC Private Wealth Group
Georgia
$113M -$70.7M -1,570,426 -36%
BBA
71
BLB&B Advisors
Pennsylvania
$112M +$4.96M +110,232 +5%
AllianceBernstein
72
AllianceBernstein
Tennessee
$110M -$30M -665,908 -22%
Teacher Retirement System of Texas
73
Teacher Retirement System of Texas
Texas
$107M
WPC
74
Wedmont Private Capital
Pennsylvania
$106M +$8.56M +190,078 +8%
CA
75
Cambridge Associates
Massachusetts
$103M +$13.5M +299,512 +15%

VWO Hedge Fund Activity: Q1 2025 in Review

2,213 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Vanguard FTSE Emerging Markets ETF (VWO) for Q1 2025, worth a combined $59B — up 0.31% from $58.9B a quarter earlier.

Buyers outnumbered sellers: 144 funds opened new VWO positions and 120 closed out — a net gain of 24 holders — while 978 added to existing stakes and 866 trimmed.

The largest buyer was New Vernon Capital Holdings II, adding an estimated $392M. The largest seller was Betterment LLC, cutting an estimated $180M.

  • 2,213 institutional investors held Vanguard FTSE Emerging Markets ETF (VWO) as of Q1 2025, down from 2,235 in Q4 2024.
  • Funds reported $59B of Vanguard FTSE Emerging Markets ETF stock for Q1 2025, up 0.31% quarter-over-quarter.
  • 144 funds opened new Vanguard FTSE Emerging Markets ETF positions in Q1 2025 and 120 closed out, a net change of +24 holders.
  • The largest Vanguard FTSE Emerging Markets ETF buyer in Q1 2025 was New Vernon Capital Holdings II, an estimated $392M added.
  • The largest Vanguard FTSE Emerging Markets ETF seller in Q1 2025 was Betterment LLC, an estimated $180M sold.

Based on aggregated 13F filings for Q1 2025.