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Vanguard FTSE Emerging Markets ETF
VWO

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: 227 → 245 (+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: 2,235 → 2,213 (-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

Top Buyers

Rank Fund Capital Flow
1
NVCHI
New Vernon Capital Holdings II
New Jersey
+$392M
2
WANY
Wealthspire Advisors (New York)
New York
+$197M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$143M
4
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$102M
5
Victory Capital Management
Victory Capital Management
Texas
+$89M

Top Sellers

Rank Fund Capital Flow
1
Betterment LLC
Betterment LLC
New York
-$180M
2
OMC
Old Mission Capital
Illinois
-$140M
3
SLI
Sumitomo Life Insurance
Japan
-$107M
4
FCH
Freestone Capital Holdings
Washington
-$88.3M
5
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
-$70.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$4.93B +$87.3M +1,939,598 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$3.21B +$143M +3,177,817 +5%
Northwestern Mutual Wealth Management
3
Northwestern Mutual Wealth Management
Wisconsin
$3.1B +$102M +2,276,593 +3%
Betterment LLC
4
Betterment LLC
New York
$2.53B -$180M -3,992,322 -7%
Morgan Stanley
5
Morgan Stanley
New York
$2.13B -$11.9M -264,823 -0.6%
Wealthfront Advisers
6
Wealthfront Advisers
California
$2.06B +$38M +844,429 +2%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$1.98B +$62.1M +1,380,127 +3%
Northern Trust
8
Northern Trust
Illinois
$1.97B +$77M +1,710,474 +4%
Wells Fargo
9
Wells Fargo
California
$1.93B -$7.39M -164,182 -0.4%
WL
10
WIT LLC
District of Columbia
$1.56B +$53.8M +1,196,013 +4%
Empower Advisory Group
11
Empower Advisory Group
Colorado
$1.54B +$63M +1,398,460 +4%
Financial Engines Advisors
12
Financial Engines Advisors
California
$1.1B +$28.1M +624,747 +3%
Creative Planning
13
Creative Planning
Kansas
$860M -$17.9M -397,026 -2%
UBS Group
14
UBS Group
Switzerland
$789M +$31.6M +702,849 +4%
WI
15
WealthNavi Inc
Japan
$761M +$29.6M +657,416 +4%
Goldman Sachs
16
Goldman Sachs
New York
$750M -$59.2M -1,315,496 -7%
Wealth Enhancement Advisory Services
17
Wealth Enhancement Advisory Services
Minnesota
$710M +$38.3M +851,399 +6%
LPL Financial
18
LPL Financial
California
$676M +$34.1M +757,008 +5%
SDIC
19
South Dakota Investment Council
South Dakota
$635M +$926K +20,578 +0.1%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$597M +$22.7M +503,648 +4%
Mariner
21
Mariner
Kansas
$589M +$13.7M +303,436 +2%
JP Morgan Chase
22
JP Morgan Chase
New York
$563M -$32.2M -715,478 -5%
Mercer Global Advisors
23
Mercer Global Advisors
Colorado
$532M +$56.8M +1,262,878 +12%
SEI Investments
24
SEI Investments
Pennsylvania
$529M +$7.46M +165,738 +1%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$507M +$86.9M +1,930,209 +21%
1
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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.