Vanguard U.S. Minimum Volatility

VFMV • BATS

Vanguard U.S. Minimum Volatility is an exchange-traded fund on BATS. As of Q3 2025, 69 institutional investors hold shares in this ETF, with total holdings valued at $145.2M. ANDERSON HOAGLAND & CO is the largest holder with a position valued at $23.2M.

Overview

Overview of institutional ownership in VFMV as of Q3 2025

All Institutions

Institutions: 69
Value Held: $145.2M
Shares Held: 1.1M
Avg Position: $2.1M
Median Position: $471.4K

Hedge Funds

Hedge Funds: 1
Value Held: $1.7M
Shares Held: 12.7K
Avg Position: $1.7M
Median Position: $1.7M

Biggest Investors

Institutions with the largest positions in VFMV as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
ANDERSON HOAGLAND & CO RIA/Wealth	David C. Anderson Chairman	$23.2M 2.09% of portfolio	176.9K shares	Q4 2020 Held for 4y 11m	$1.1B
Foundations Investment Advisors, LLC RIA/Wealth	Bryon Rice CEO	$18.9M 0.28% of portfolio	144.3K shares	Q1 2023 Held for 2y 8m	$6.8B
L LPL Financial LLC Institution	-	$13.9M 0.00% of portfolio	105.9K shares	Q2 2022 Held for 3y 5m	$340.07B
Sequoia Financial Advisors, LLC RIA/Wealth	Thomas Arthur Haught CEO	$9.8M 0.06% of portfolio	74.5K shares	Q3 2025 Held for 2 months	$16.4B
Goss Wealth Management LLC RIA/Wealth	Alexander Thomas Goss CEO	$9.3M 0.04% of portfolio	70.7K shares	Q2 2024 Held for 1y 5m	$21.8B
UBS Group AG Institution	Sergio P. Ermotti CEO	$8.1M 0.00% of portfolio	61.8K shares	Q1 2020 Held for 5y 8m	$511.54B
Equitable Holdings, Inc. Institution	Robin M. Raju CEO	$5.6M 0.04% of portfolio	42.7K shares	Q1 2025 Held for 8 months	$13.6B
U UMB BANK N A/MO Institution	-	$4.5M 0.07% of portfolio	34.2K shares	Q4 2021 Held for 3y 11m	$6.8B
TITLEIST ASSET MANAGEMENT, LLC RIA/Wealth	Joe-Ben O'Banion Managing Partner	$4.3M 0.38% of portfolio	32.7K shares	Q4 2024 Held for 11 months	$1.1B
Sculati Wealth Management, LLC RIA/Wealth	David John Sculati President	$3.9M 1.39% of portfolio	30.0K shares	Q2 2025 Held for 5 months	$283.4M

Net Capital Flow

Institutional buying and selling activity for VFMV in Q3 2025

Traded: +$20.5M
Buyers: 37
Sellers: 24
Total Bought: +$25.5M
Total Sold: −$5.0M
Avg Position: $1.9M

Biggest Buyers

Institution	Net Bought	Current Position
Sequoia Financial Advisors, LLC RIA/Wealth	+$9.8M +74.5K shares	$9.8M 74.5K shares
Kestra Advisory Services, LLC RIA/Wealth	+$3.8M +28.9K shares	$3.8M 28.9K shares
Cetera Investment Advisers RIA/Wealth	+$1.9M +14.2K shares	$2.3M 17.8K shares
SRS Capital Advisors, Inc. RIA/Wealth	+$1.5M +13.9K shares	$1.5M 14.6K shares
L LPL Financial LLC Institution	+$1.4M +10.4K shares	$13.9M 105.9K shares
Equitable Holdings, Inc. Institution	+$1.2M +8.9K shares	$5.6M 42.7K shares
Sculati Wealth Management, LLC RIA/Wealth	+$1.1M +8.6K shares	$3.9M 30.0K shares
Belpointe Asset Management LLC RIA/Wealth	+$687.4K +5.2K shares	$687.4K 5.2K shares
Foundations Investment Advisors, LLC RIA/Wealth	+$605.7K +4.6K shares	$18.9M 144.3K shares
Goss Wealth Management LLC RIA/Wealth	+$393.4K +3.0K shares	$9.3M 70.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$1.2M −9.2K shares	$1.7M 12.7K shares
O OneAscent Financial Services LLC RIA/Wealth	−$1.0M −8.1K shares	Sold Off 0 shares
FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. RIA/Wealth	−$534.3K −4.2K shares	Sold Off 0 shares
J J.W. COLE ADVISORS, INC. Institution	−$302.9K −2.4K shares	Sold Off 0 shares
SMITH, MOORE & CO. RIA/Wealth	−$293.6K −2.2K shares	$2.4M 18.1K shares
C CLS Investments, LLC Institution	−$268.7K −2.0K shares	$1.2M 9.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$254.7K −2.0K shares	Sold Off 0 shares
Tanglewood Wealth Management, Inc. RIA/Wealth	−$225.0K −1.8K shares	Sold Off 0 shares
ANDERSON HOAGLAND & CO RIA/Wealth	−$209.2K −1.6K shares	$23.2M 176.9K shares
T Tower Research Capital LLC Institution	−$137.2K −1.0K shares	$119.9K 913.0 shares

Entry and Exit Activity

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

New Positions: 8
New Value: $10.4M
Exited Positions: 7
Exited Value: $2.4M

New Positions

Institution	Position Value
Sequoia Financial Advisors, LLC RIA/Wealth	$9.8M 74.5K shares
SILVER OAK SECURITIES, Inc RIA/Wealth	$266.3K 2.0K shares
CITIZENS FINANCIAL GROUP INC/RI Institution	$255.4K 1.9K shares
HARBOUR INVESTMENTS, INC. RIA/Wealth	$63.3K 482.0 shares
Triumph Capital Management RIA/Wealth	$12.7K 97.0 shares
PRINCIPAL SECURITIES, INC. RIA/Wealth	$8.8K 67.0 shares
NBC SECURITIES, INC. RIA/Wealth	$7.6K 58.0 shares
Capital Analysts, Inc. RIA/Wealth	$3.0K 23.0 shares

Exited Positions

Institution	Previous Position
O OneAscent Financial Services LLC RIA/Wealth	$1.0M 8.1K shares
FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. RIA/Wealth	$534.3K 4.2K shares
J J.W. COLE ADVISORS, INC. Institution	$302.9K 2.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$254.7K 2.0K shares
Tanglewood Wealth Management, Inc. RIA/Wealth	$225.0K 1.8K shares
J JONES FINANCIAL COMPANIES LLLP Institution	$22.6K 177.0 shares
JPMORGAN CHASE & CO Institution	$19.2K 150.0 shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
ANDERSON HOAGLAND & CO RIA/Wealth	David C. Anderson Chairman	2.09% $23.2M	176.9K shares	Q4 2020 Held for 4y 11m	$1.1B
Independence Asset Advisors, LLC Fund of Funds	Scott David Renninger President	1.45% $2.8M	21.0K shares	Q4 2024 Held for 11 months	$190.7M
Sculati Wealth Management, LLC RIA/Wealth	David John Sculati President	1.39% $3.9M	30.0K shares	Q2 2025 Held for 5 months	$283.4M
G Glass Jacobson Investment Advisors llc Institution	-	0.47% $1.3M	9.9K shares	Q2 2023 Held for 2y 5m	$276.4M
Retireful, LLC ETF Provider	Daniel Harris Mohr CEO	0.39% $401.1K	3.1K shares	Q2 2025 Held for 5 months	$103.2M
TITLEIST ASSET MANAGEMENT, LLC RIA/Wealth	Joe-Ben O'Banion Managing Partner	0.38% $4.3M	32.7K shares	Q4 2024 Held for 11 months	$1.1B
Caitlin John, LLC RIA/Wealth	Ronald John Briggs Owner	0.28% $405.8K	3.1K shares	Q4 2023 Held for 1y 11m	$143.4M
Foundations Investment Advisors, LLC RIA/Wealth	Bryon Rice CEO	0.28% $18.9M	144.3K shares	Q1 2023 Held for 2y 8m	$6.8B
CREATIVE FINANCIAL DESIGNS INC /ADV RIA/Wealth	Brent Anthony Owens President	0.23% $3.3M	25.5K shares	Q2 2025 Held for 5 months	$1.5B
Elm3 Financial Group, LLC RIA/Wealth	Stacey Ann Nickens President	0.22% $270.2K	2.1K shares	Q2 2025 Held for 5 months	$120.6M

Hedge Fund Spotlight

Discover hedge funds investing in VFMV

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 U.S. Minimum Volatility

Market Value: $1.7M
Shares Held: 12.7K
Portfolio Weight: 0.00%
Owned Since: 2025-Q1

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%