Vanguard Mega Cap Growth

MGK • ARCA

Vanguard Mega Cap Growth is an exchange-traded fund on ARCA. As of Q3 2025, 884 institutional investors hold shares in this ETF, with total holdings valued at $16.5B. GENWORTH FINANCIAL WEALTH MANAGEMENT, INC is the largest holder with a position valued at $3.4B.

Overview

Overview of institutional ownership in MGK as of Q3 2025

All Institutions

Institutions: 884
Value Held: $16.5B
Shares Held: 41.1M
Avg Position: $18.7M
Median Position: $804.0K

Hedge Funds

Hedge Funds: 15
Value Held: $163.1M
Shares Held: 413.8K
Avg Position: $10.9M
Median Position: $997.6K

Biggest Investors

Institutions with the largest positions in MGK as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$3.4B 7.36% of portfolio	8.5M shares	Q2 2015 Held for 10y 5m	$46.5B
Cassaday & Co Wealth Management LLC RIA/Wealth	Stephan Quinn Cassaday President	$1.5B 34.50% of portfolio	3.7M shares	Q4 2022 Held for 2y 11m	$4.3B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$955.2M 0.06% of portfolio	2.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$773.4M 0.06% of portfolio	1.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	James Fielding Miller CEO	$642.3M 1.31% of portfolio	1.6M shares	Q3 2017 Held for 8y 2m	$48.9B
Howard Capital Management Inc. Long Only Manager	Ronald Vance Howard CEO	$508.9M 6.73% of portfolio	1.3M shares	Q2 2023 Held for 2y 5m	$7.6B
L LPL Financial LLC Institution	-	$470.3M 0.14% of portfolio	1.2M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
UBS Group AG Institution	Sergio P. Ermotti CEO	$439.0M 0.09% of portfolio	1.1M shares	Q4 2014 Held for 10y 11m	$511.54B
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	-	$335.6M 2.74% of portfolio	833.9K shares	Q3 2025 Held for 2 months	$12.2B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$321.5M 0.07% of portfolio	798.9K shares	≤ Q2 2013 Held for 12y 5m+	$433.11B

Net Capital Flow

Institutional buying and selling activity for MGK in Q3 2025

Net Flow: +$239.4M
Buyers: 312
Sellers: 308
Total Bought: +$747.2M
Total Sold: −$507.8M
Avg Position: $19.3M

Biggest Buyers

Institution	Net Bought	Current Position
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	+$224.8M +558.6K shares	$3.4B 8.5M shares
Merit Financial Group, LLC RIA/Wealth	+$72.9M +181.1K shares	$216.9M 539.0K shares
UBS Group AG Institution	+$49.2M +122.3K shares	$439.0M 1.1M shares
D DT Investment Partners, LLC RIA/Wealth	+$35.3M +87.6K shares	$36.0M 89.4K shares
A Advisor Group Holdings, Inc. Institution	+$31.6M +79.0K shares	$280.9M 702.9K shares
Redhawk Wealth Advisors, Inc. RIA/Wealth	+$26.9M +67.0K shares	$30.4M 75.6K shares
L LPL Financial LLC Institution	+$26.5M +66.0K shares	$470.3M 1.2M shares
Black Diamond Financial, LLC RIA/Wealth	+$24.5M +60.8K shares	$89.1M 221.3K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$22.0M +54.6K shares	$85.1M 211.5K shares
GOLDMAN SACHS GROUP INC Institution	+$19.1M +47.3K shares	$60.3M 149.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
Strategic Investment Advisors / MI RIA/Wealth	−$65.7M −163.3K shares	$92.6K 230.0 shares
A American Trust Institution	−$44.0M −109.4K shares	$1.6M 3.9K shares
Angeles Investment Advisors, LLC Fund of Funds	−$39.9M −99.2K shares	$145.0M 360.4K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	−$29.2M −72.6K shares	$642.3M 1.6M shares
Beacon Pointe Advisors, LLC RIA/Wealth	−$29.1M −72.2K shares	$3.4M 8.4K shares
CX Institutional RIA/Wealth	−$18.0M −44.6K shares	$60.7M 150.7K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	−$14.7M −36.5K shares	$15.2M 37.7K shares
C COMERICA BANK Institution	−$14.4M −35.8K shares	$140.2M 348.3K shares
Prime Capital Investment Advisors, LLC RIA/Wealth	−$14.4M −35.7K shares	$121.3M 301.4K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	−$14.2M −35.2K shares	$53.5M 132.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited MGK in Q3 2025

New Positions: 54
New Value: $368.2M
Exited Positions: 39
Exited Value: $26.2M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$335.6M 833.9K shares
S Systelligence, LLC Institution	$16.2M 40.1K shares
J Jump Financial, LLC Institution	$2.2M 5.4K shares
Kassira Wealth Management LLC RIA/Wealth	$1.3M 3.3K shares
Prosperity Consulting Group, LLC RIA/Wealth	$1.1M 2.7K shares
Virtus Family Office LLC Family Office	$1.0M 2.6K shares
OAK FAMILY ADVISORS, LLC RIA/Wealth	$710.7K 1.8K shares
C CYNOSURE MANAGEMENT, LLC Fund of Funds	$608.9K 1.5K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$573.1K 1.4K shares
F Fusion Capital, LLC RIA/Wealth	$565.2K 1.3K shares

Exited Positions

Institution	Previous Position
Deane Retirement Strategies, Inc. RIA/Wealth	$9.0M 24.7K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.8M 10.5K shares
B Brendel Financial Advisors LLC RIA/Wealth	$1.9M 5.1K shares
Efficient Advisors, LLC RIA/Wealth	$1.6M 4.5K shares
D D. E. Shaw & Co., Inc. Institution	$1.5M 4.1K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$1.5M 4.0K shares
L.M. KOHN & COMPANY RIA/Wealth	$750.3K 2.0K shares
B Berkshire Money Management, Inc. Institution	$652.5K 1.8K shares
F FLOW TRADERS U.S. LLC Institution	$539.4K 1.5K shares
SRS Capital Advisors, Inc. RIA/Wealth	$460.9K 292.0 shares

Options Activity

Institutions with the largest Call and Put options positions in MGK as of Q3 2025

Call Positions: 5
Call Value: $33.7M
Put Positions: 5
Put Value: $9.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$17.3M 429.0 contracts
J JANE STREET GROUP, LLC Institution	$7.8M 195.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$6.3M 157.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 43.0 contracts
Strategic Blueprint, LLC RIA/Wealth	$523.1K 13.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.0M 124.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.3M 57.0 contracts
J JANE STREET GROUP, LLC Institution	$1.4M 35.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.1M 27.0 contracts
WELLS FARGO & COMPANY/MN Institution	- - contracts

Most Committed Institutions

Institutions with MGK as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Cassaday & Co Wealth Management LLC RIA/Wealth	Stephan Quinn Cassaday President	34.50% $1.5B	3.7M shares	Q4 2022 Held for 2y 11m	$4.3B
AMARA FINANCIAL, LLC. RIA/Wealth	Abraham Martinez Member	20.68% $28.1M	69.8K shares	Q3 2024 Held for 1y 2m	$135.8M
Erickson Financial Group, LLC RIA/Wealth	Kerry Duane Erickson Managing Partner	18.83% $30.0M	74.5K shares	Q4 2021 Held for 3y 11m	$159.2M
Zeit Capital LLC RIA/Wealth	Phillip Jason Weber Managing Partner	15.62% $23.0M	57.1K shares	Q4 2020 Held for 4y 11m	$147.1M
ANGELES WEALTH MANAGEMENT, LLC RIA/Wealth	Jonathan Rice Foster CEO	14.28% $232.9M	578.7K shares	Q1 2022 Held for 3y 8m	$1.6B
I IFC Advisors LLC RIA/Wealth	Marc Allen Ackerman CEO	13.81% $75.4M	187.3K shares	Q4 2024 Held for 11 months	$545.9M
Praetorian Wealth Management, Inc. RIA/Wealth	Richard Alan Hewitt President	13.10% $63.6M	158.1K shares	Q2 2024 Held for 1y 5m	$485.7M
P Portfolio Strategies, Inc. RIA/Wealth	Aharon Kirshenbaum President	11.47% $98.7M	245.2K shares	Q4 2017 Held for 7y 11m	$860.4M
BHK Investment Advisors, LLC RIA/Wealth	Meredyth Roberts Hazzard CEO	11.37% $30.4M	75.6K shares	Q4 2017 Held for 7y 11m	$267.7M
FC Advisory LLC RIA/Wealth	Andrew David Lindner Managing Partner	11.31% $37.8M	93.9K shares	Q1 2015 Held for 10y 8m	$334.3M