Vanguard Consumer Discretionary ETF

VCR • ARCA

Vanguard Consumer Discretionary ETF is an exchange-traded fund on ARCA. As of Q3 2025, 522 institutional investors hold shares in this ETF, with total holdings valued at $2.9B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $582.3M.

Overview

Overview of institutional ownership in VCR as of Q3 2025

All Institutions

Institutions: 522
Value Held: $2.9B
Shares Held: 7.4M
Avg Position: $5.6M
Median Position: $561.8K

Hedge Funds

Hedge Funds: 5
Value Held: $15.5M
Shares Held: 39.2K
Avg Position: $3.1M
Median Position: $3.0M

Biggest Investors

Institutions with the largest positions in VCR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$582.3M 0.04% of portfolio	1.5M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$183.8M 0.01% of portfolio	463.9K shares	Q4 2014 Held for 10y 11m	$1.56T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$152.6M 0.01% of portfolio	385.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
Green Harvest Asset Management LLC Long Only Manager	Stuart Sherman Parker CEO	$145.0M 2.22% of portfolio	366.0K shares	Q4 2022 Held for 2y 11m	$6.5B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$142.4M 0.03% of portfolio	359.4K shares	Q2 2014 Held for 11y 5m	$488.50B
UBS Group AG Institution	Sergio P. Ermotti CEO	$134.1M 0.03% of portfolio	338.5K shares	Q4 2014 Held for 10y 11m	$511.54B
Beacon Capital Management, Inc. RIA/Wealth	Emily Marlene Damman President	$117.8M 5.63% of portfolio	297.4K shares	Q4 2013 Held for 11y 11m	$2.1B
L LPL Financial LLC Institution	-	$99.4M 0.03% of portfolio	250.9K shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$80.7M 0.05% of portfolio	203.7K shares	Q3 2014 Held for 11y 2m	$149.83B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$71.0M 0.02% of portfolio	179.2K shares	Q4 2013 Held for 11y 11m	$341.99B

Net Capital Flow

Institutional buying and selling activity for VCR in Q3 2025

Traded: −$185.2M
Buyers: 187
Sellers: 214
Total Bought: +$130.1M
Total Sold: −$315.4M
Avg Position: $5.3M

Biggest Buyers

Institution	Net Bought	Current Position
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$21.8M +55.1K shares	$23.3M 58.8K shares
Lido Advisors, LLC RIA/Wealth	+$13.2M +33.3K shares	$30.4M 76.8K shares
L LPL Financial LLC Institution	+$12.2M +30.9K shares	$99.4M 250.9K shares
Kinloch Capital, LLC RIA/Wealth	+$5.9M +14.8K shares	$5.9M 14.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$5.8M +14.7K shares	$6.4M 16.2K shares
HighTower Advisors, LLC RIA/Wealth	+$5.3M +13.3K shares	$10.2M 25.8K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$5.3M +13.3K shares	$5.3M 13.3K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$4.3M +10.9K shares	$6.9M 17.4K shares
Praetorian Wealth Management, Inc. RIA/Wealth	+$3.6M +9.2K shares	$3.6M 9.2K shares
Mariner Wealth Advisors, LLC RIA/Wealth	+$3.3M +8.4K shares	$16.3M 41.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$135.4M −373.7K shares	Sold Off 0 shares
AMERIPRISE FINANCIAL INC Institution	−$28.1M −70.9K shares	$44.5M 112.2K shares
Beacon Capital Management, Inc. RIA/Wealth	−$17.3M −43.7K shares	$117.8M 297.4K shares
WELLS FARGO & COMPANY/MN Institution	−$10.4M −26.3K shares	$142.4M 359.4K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$10.2M −28.1K shares	Sold Off 0 shares
MORGAN STANLEY RIA/Wealth	−$8.3M −21.0K shares	$152.6M 385.2K shares
Foundations Investment Advisors, LLC RIA/Wealth	−$7.4M −18.8K shares	$23.3M 58.9K shares
BANK OF AMERICA CORP /DE/ Institution	−$7.4M −18.7K shares	$582.3M 1.5M shares
JPMORGAN CHASE & CO Institution	−$6.4M −16.1K shares	$183.8M 463.9K shares
UBS Group AG Institution	−$6.2M −15.8K shares	$134.1M 338.5K shares

Entry and Exit Activity

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

New Positions: 24
New Value: $10.4M
Exited Positions: 28
Exited Value: $158.0M

New Positions

Institution	Position Value
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	$5.3M 13.3K shares
A AdvisorShares Investments LLC Institution	$957.1K 2.4K shares
BBR PARTNERS, LLC Family Office	$932.5K 2.4K shares
B BNP PARIBAS Institution	$875.5K 2.2K shares
M Mesirow Financial Investment Management, Inc. RIA/Wealth	$302.1K 763.0 shares
COMPASS CAPITAL MANAGEMENT INC/ Long Only Manager	$267.4K 675.0 shares
N NICOLET ADVISORY SERVICES, LLC Institution	$238.5K 613.0 shares
PENOBSCOT WEALTH MANAGEMENT RIA/Wealth	$210.1K 530.0 shares
Miracle Mile Advisors, LLC RIA/Wealth	$209.0K 528.0 shares
M M.E. ALLISON & CO., INC. Institution	$208.4K 526.0 shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$135.4M 373.7K shares
B BNP PARIBAS ARBITRAGE, SA Institution	$10.2M 28.1K shares
Envestnet Portfolio Solutions, Inc. Long Only Manager	$5.3M 14.7K shares
P Proficio Capital Partners LLC Family Office	$1.3M 840.7K shares
J JANE STREET GROUP, LLC Institution	$1.1M 3.1K shares
E Elevation Capital Advisory, LLC RIA/Wealth	$994.6K 2.7K shares
F FSA Advisors, Inc. Institution	$570.3K 1.6K shares
M Moloney Securities Asset Management, LLC RIA/Wealth	$465.2K 1.3K shares
Advisor Resource Council RIA/Wealth	$455.4K 1.3K shares
QRG CAPITAL MANAGEMENT, INC. Long Only Manager	$376.5K 1.0K shares

Options Activity

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

Call Positions: 3
Call Value: $5.9M
Put Positions: 3
Put Value: $2.0M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.8M 121.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 28.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.7M 43.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$277.3K 7.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Beacon Capital Management, Inc. RIA/Wealth	Emily Marlene Damman President	5.63% $117.8M	297.4K shares	Q4 2013 Held for 11y 11m	$2.1B
Adaptive Financial Consulting, LLC RIA/Wealth	Jonathan Ian Grundman CIO	5.52% $13.8M	34.8K shares	Q4 2019 Held for 5y 11m	$250.1M
Bonfire Financial RIA/Wealth	Brian C Colvert Managing Partner	4.87% $6.3M	16.0K shares	Q4 2024 Held for 11 months	$130.2M
Richmond Brothers, Inc. RIA/Wealth	Matthew Jeremy Curfman President	4.67% $7.4M	18.7K shares	Q3 2024 Held for 1y 2m	$158.4M
T TRUST CO OF OKLAHOMA Institution	-	3.89% $13.3M	33.5K shares	Q3 2020 Held for 5y 2m	$341.0M
F Financial Freedom, LLC Institution	-	3.76% $7.5M	19.0K shares	Q4 2022 Held for 2y 11m	$200.8M
P Polianta Ltd Institution	-	3.56% $8.2M	20.6K shares	Q1 2024 Held for 1y 8m	$229.0M
ESG Planning RIA/Wealth	James Robert Rukstalis President	3.03% $6.4M	16.1K shares	Q1 2022 Held for 3y 8m	$210.0M
Kinloch Capital, LLC RIA/Wealth	Peter Carlyle Walls Managing Partner	2.56% $5.9M	14.8K shares	Q3 2025 Held for 2 months	$228.6M
S Strengthening Families & Communities, LLC Institution	-	2.55% $11.3M	28.8K shares	Q4 2021 Held for 3y 11m	$444.6M

Hedge Fund Spotlight

Discover hedge funds investing in VCR

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,252
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Consumer Discretionary ETF

Market Value: $5.3M
Shares Held: 13.3K
Portfolio Weight: 0.01%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%