Vanguard Global ex-U.S. Real Estate

VNQI • NASDAQ

Vanguard Global ex-U.S. Real Estate is an exchange-traded fund on NASDAQ. As of Q3 2025, 351 institutional investors hold shares in this ETF, with total holdings valued at $1.9B. Empower Advisory Group, LLC is the largest holder with a position valued at $662.1M.

Overview

Overview of institutional ownership in VNQI as of Q3 2025

All Institutions

Institutions: 351
Value Held: $1.9B
Shares Held: 39.7M
Avg Position: $5.4M
Median Position: $403.4K

Hedge Funds

Hedge Funds: 5
Value Held: $3.4M
Shares Held: 72.2K
Avg Position: $689.4K
Median Position: $858.2K

Biggest Investors

Institutions with the largest positions in VNQI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Empower Advisory Group, LLC RIA/Wealth	Jonathan David Kreider CEO	$662.1M 1.84% of portfolio	13.9M shares	Q1 2023 Held for 2y 8m	$36.1B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$257.4M 0.04% of portfolio	5.4M shares	Q2 2024 Held for 1y 5m	$620.51B
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$88.3M 0.19% of portfolio	1.9M shares	Q3 2013 Held for 12y 2m	$46.5B
Ballentine Partners, LLC Family Office	Andrew John Mcmorrow CEO	$71.6M 0.99% of portfolio	1.5M shares	Q1 2016 Held for 9y 8m	$7.2B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$59.8M 0.02% of portfolio	1.3M shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
UNITED CAPITAL FINANCIAL ADVISERS, LLC RIA/Wealth	James Francis Rivers President	$51.8M 0.37% of portfolio	1.1M shares	Q3 2019 Held for 6y 2m	$13.8B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$42.8M 0.00% of portfolio	897.2K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$34.7M 0.00% of portfolio	726.1K shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$34.6M 0.03% of portfolio	725.6K shares	≤ Q2 2013 Held for 12y 5m+	$130.86B
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$33.2M 0.03% of portfolio	696.3K shares	Q3 2013 Held for 12y 2m	$120.17B

Net Capital Flow

Institutional buying and selling activity for VNQI in Q3 2025

Traded: +$7.3M
Buyers: 154
Sellers: 141
Total Bought: +$117.6M
Total Sold: −$110.3M
Avg Position: $4.9M

Biggest Buyers

Institution	Net Bought	Current Position
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	+$42.7M +893.9K shares	$88.3M 1.9M shares
A Advisor Group Holdings, Inc. Institution	+$11.2M +233.9K shares	$15.9M 333.4K shares
Empower Advisory Group, LLC RIA/Wealth	+$10.5M +219.7K shares	$662.1M 13.9M shares
Forefront Wealth Partners, LLC RIA/Wealth	+$9.4M +196.6K shares	$9.4M 196.6K shares
DIAM Co., Ltd. Long Only Manager	+$5.4M +113.9K shares	$5.4M 113.9K shares
O OLD MISSION CAPITAL LLC Institution	+$4.0M +84.0K shares	$4.0M 84.0K shares
Cypress Point Wealth Management, LLC RIA/Wealth	+$3.1M +65.3K shares	$6.1M 126.8K shares
Ballentine Partners, LLC Family Office	+$2.9M +60.6K shares	$71.6M 1.5M shares
BANK OF AMERICA CORP /DE/ Institution	+$2.8M +58.9K shares	$34.7M 726.1K shares
Sumitomo Mitsui Asset Management Company, LTD Long Only Manager	+$2.8M +57.7K shares	$2.8M 57.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
D D. E. Shaw & Co., Inc. Institution	−$30.2M −654.0K shares	Sold Off 0 shares
M&T BANK CORP Institution	−$15.2M −318.5K shares	$8.7M 182.7K shares
C CI Private Wealth, LLC RIA/Wealth	−$8.8M −183.3K shares	$22.8M 478.3K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	−$8.1M −170.3K shares	$257.4M 5.4M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	−$5.6M −118.0K shares	$33.2M 696.3K shares
UNITED CAPITAL FINANCIAL ADVISERS, LLC RIA/Wealth	−$4.7M −98.0K shares	$51.8M 1.1M shares
C Colony Group, LLC Institution	−$4.0M −83.2K shares	$1.5M 30.5K shares
L LPL Financial LLC Institution	−$3.6M −75.2K shares	$8.4M 176.7K shares
Q Q3 Asset Management Long Only Manager	−$3.6M −77.1K shares	Sold Off 0 shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$3.4M −71.2K shares	$59.8M 1.3M shares

Entry and Exit Activity

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

New Positions: 23
New Value: $18.1M
Exited Positions: 31
Exited Value: $39.4M

New Positions

Institution	Position Value
Forefront Wealth Partners, LLC RIA/Wealth	$9.4M 196.6K shares
DIAM Co., Ltd. Long Only Manager	$5.4M 113.9K shares
R Rede Wealth, LLC RIA/Wealth	$827.5K 17.3K shares
Beaumont Capital Management, LLC Long Only Manager	$543.9K 11.4K shares
Parkwoods Wealth Partners, LLC RIA/Wealth	$524.3K 11.0K shares
BAKER TILLY FINANCIAL, LLC RIA/Wealth	$514.5K 10.8K shares
Wedmont Private Capital RIA/Wealth	$298.8K 6.3K shares
ARGONAUTICA PRIVATE WEALTH MANAGEMENT, INC RIA/Wealth	$230.0K 4.8K shares
Ignite Planners, LLC RIA/Wealth	$215.6K 4.5K shares
United Financial Planning Group LLC RIA/Wealth	$45.8K 960.0 shares

Exited Positions

Institution	Previous Position
D D. E. Shaw & Co., Inc. Institution	$30.2M 654.0K shares
Q Q3 Asset Management Long Only Manager	$3.6M 77.1K shares
S Stone Point Wealth LLC RIA/Wealth	$1.3M 28.6K shares
L2 Asset Management, LLC Hedge Fund•Long/Short	$929.0K 20.1K shares
Verisail Partners, LLC RIA/Wealth	$822.6K 17.8K shares
Total Clarity Wealth Management, Inc. RIA/Wealth	$461.4K 10.0K shares
AXXCESS WEALTH MANAGEMENT, LLC RIA/Wealth	$275.5K 6.0K shares
Financial & Tax Architects, LLC RIA/Wealth	$247.7K 5.4K shares
CALTON & ASSOCIATES, INC. RIA/Wealth	$245.0K 5.3K shares
S Secure Asset Management, LLC RIA/Wealth	$230.8K 5.0K shares

Options Activity

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

Call Positions: 1
Call Value: $477.4K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$477.4K 100.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Marathon Strategic Advisors, LLC RIA/Wealth	Nicholas Emanuel Terezis President	4.72% $5.9M	123.5K shares	Q4 2023 Held for 1y 11m	$124.9M
MOLLER FINANCIAL SERVICES RIA/Wealth	Nathan Lawrence Eads CEO	4.36% $20.9M	438.0K shares	Q1 2020 Held for 5y 8m	$479.5M
Upper Left Wealth Management, LLC RIA/Wealth	Randy David Kurtz Managing Partner	3.14% $5.0M	104.9K shares	Q4 2021 Held for 3y 11m	$159.3M
Strategic Financial Planning, Inc. RIA/Wealth	Bryan Keith Lee President	3.09% $5.3M	111.8K shares	Q4 2019 Held for 5y 11m	$172.6M
Financial Alternatives, Inc RIA/Wealth	James Alan Freeman President	2.66% $4.4M	91.9K shares	Q4 2022 Held for 2y 11m	$165.1M
Traveka Wealth, LLC RIA/Wealth	Anthony Lawrence Blagrove CEO	2.59% $5.8M	121.5K shares	Q4 2023 Held for 1y 11m	$224.0M
Comprehensive Money Management Services LLC RIA/Wealth	Donald Ray Rice Chairman	2.57% $3.6M	76.0K shares	Q4 2024 Held for 11 months	$141.3M
Forefront Wealth Partners, LLC RIA/Wealth	Eric J. Negron Owner	2.37% $9.4M	196.6K shares	Q3 2025 Held for 2 months	$396.6M
O Obsido Oy Institution	-	1.87% $2.8M	58.9K shares	Q4 2024 Held for 11 months	$150.2M
Empower Advisory Group, LLC RIA/Wealth	Jonathan David Kreider CEO	1.84% $662.1M	13.9M shares	Q1 2023 Held for 2y 8m	$36.1B

Hedge Fund Spotlight

Discover hedge funds investing in VNQI

Mount Lucas Management LP

Hedge Fund • Global Macro

Portfolio ManagerTimothy John Rudderow

Portfolio Value: $220.9M
Positions: 157
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Global ex-U.S. Real Estate

Market Value: $1.4M
Shares Held: 30.3K
Portfolio Weight: 0.65%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$28.7M	13.01%
2 AGNC Investment Corp. AGNC	REIT - Mortgage Real Estate	$4.5M	2.03%
3 Annaly Capital Management NLY	REIT - Mortgage Real Estate	$4.4M	1.99%