Vanguard FTSE Emerging Markets ETF
VWO
2,301 hedge funds and large institutions have $72.9B invested in Vanguard FTSE Emerging Markets ETF in 2025 Q3 according to their latest regulatory filings, with 149 funds opening new positions, 1,049 increasing their positions, 840 reducing their positions, and 67 closing their positions.
122% more first-time investments, than exits
New positions opened: 149 | Existing positions closed: 67
25% more repeat investments, than reductions
Existing positions increased: 1,049 | Existing positions reduced: 840
11% more capital invested
Capital invested by funds: $65.5B → $72.9B (+$7.37B)
2% more funds holding
Funds holding: 2,263 → 2,301 (+38)
1% more funds holding in top 10
Funds holding in top 10: 248 → 250 (+2)
1.39% less ownership
Funds ownership: 73.01% → 71.62% (-1.4%)
32% less call options, than puts
Call options by funds: $40.3M | Put options by funds: $59.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$166M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$148M |
| 3 |
Mercer Global Advisors
Denver,
Colorado
|
+$129M |
| 4 |
JP Morgan Chase
New York
|
+$124M |
| 5 |
VIA
Vantagepoint Investment Advisers
Washington,
District of Columbia
|
+$122M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$396M |
| 2 |
SDIC
South Dakota Investment Council
Sioux Falls,
South Dakota
|
-$113M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$85.3M |
| 4 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$69.2M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$43.6M |
VWO Hedge Fund Activity: Q3 2025 in Review
2,301 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Vanguard FTSE Emerging Markets ETF (VWO) for Q3 2025, worth a combined $72.9B — up 11% from $65.5B a quarter earlier.
Buyers outnumbered sellers: 149 funds opened new VWO positions and 67 closed out — a net gain of 82 holders — while 1,049 added to existing stakes and 840 trimmed.
The largest buyer was Northwestern Mutual Wealth Management, adding an estimated $166M. The largest seller was Envestnet Asset Management, cutting an estimated $396M.
- 2,301 institutional investors held Vanguard FTSE Emerging Markets ETF (VWO) as of Q3 2025, up from 2,263 in Q2 2025.
- Funds reported $72.9B of Vanguard FTSE Emerging Markets ETF stock for Q3 2025, up 11% quarter-over-quarter.
- 149 funds opened new Vanguard FTSE Emerging Markets ETF positions in Q3 2025 and 67 closed out, a net change of +82 holders.
- The largest Vanguard FTSE Emerging Markets ETF buyer in Q3 2025 was Northwestern Mutual Wealth Management, an estimated $166M added.
- The largest Vanguard FTSE Emerging Markets ETF seller in Q3 2025 was Envestnet Asset Management, an estimated $396M sold.
Based on aggregated 13F filings for Q3 2025.