Vanguard Mid-Cap Fund

VO • ARCA

Vanguard Mid-Cap Fund is an exchange-traded fund on ARCA. As of Q3 2025, 2,166 institutional investors hold shares in this ETF, with total holdings valued at $60.0B. WELLS FARGO & COMPANY/MN is the largest holder with a position valued at $7.7B.

Overview

Overview of institutional ownership in VO as of Q3 2025

All Institutions

Institutions: 2,166
Value Held: $60.0B
Shares Held: 204.6M
Avg Position: $27.7M
Median Position: $1.3M

Hedge Funds

Hedge Funds: 26
Value Held: $178.0M
Shares Held: 608.0K
Avg Position: $6.8M
Median Position: $700.6K

Biggest Investors

Institutions with the largest positions in VO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$7.7B 1.58% of portfolio	26.2M shares	≤ Q2 2013 Held for 12y 6m+	$488.52B
J JONES FINANCIAL COMPANIES LLLP Institution	-	$6.7B 4.59% of portfolio	23.0M shares	≤ Q2 2013 Held for 12y 6m+	$146.70B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$5.1B 0.38% of portfolio	17.5M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$2.4B 1.87% of portfolio	8.3M shares	Q2 2021 Held for 4y 6m	$130.86B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$2.4B 0.15% of portfolio	8.2M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$2.0B 0.64% of portfolio	6.7M shares	Q4 2024 Held for 1 year	$310.44B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$1.8B 1.18% of portfolio	6.0M shares	≤ Q2 2013 Held for 12y 6m+	$149.83B
UBS Group AG Institution	Sergio P. Ermotti CEO	$1.6B 0.32% of portfolio	5.5M shares	Q4 2014 Held for 11 years	$511.60B
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	Gunjan Kedia CEO	$1.4B 1.61% of portfolio	4.6M shares	≤ Q2 2013 Held for 12y 6m+	$84.4B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$987.7M 0.23% of portfolio	3.4M shares	≤ Q2 2013 Held for 12y 6m+	$433.11B

Net Capital Flow

Institutional buying and selling activity for VO in Q3 2025

Traded: +$2.3B
Buyers: 1,068
Sellers: 788
Total Bought: +$3.3B
Total Sold: −$1.0B
Avg Position: $27.0M

Biggest Buyers

Institution	Net Bought	Current Position
J JONES FINANCIAL COMPANIES LLLP Institution	+$592.9M +2.0M shares	$6.7B 23.0M shares
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	+$426.5M +1.5M shares	$651.2M 2.2M shares
WELLS FARGO & COMPANY/MN Institution	+$418.6M +1.4M shares	$7.7B 26.2M shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	+$108.3M +368.8K shares	$1.4B 4.6M shares
SigFig Wealth Management, LLC RIA/Wealth	+$106.7M +364.1K shares	$158.0M 538.9K shares
NGAM ADVISORS, L.P. Long Only Manager	+$94.2M +320.5K shares	$905.3M 3.1M shares
Cetera Investment Advisers RIA/Wealth	+$82.2M +279.8K shares	$358.8M 1.2M shares
C CBIZ Investment Advisory Services, LLC RIA/Wealth	+$79.0M +268.8K shares	$182.5M 621.3K shares
BANK OF AMERICA CORP /DE/ Institution	+$61.0M +207.5K shares	$5.1B 17.5M shares
L LPL Financial LLC Institution	+$59.1M +201.3K shares	$930.6M 3.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	−$207.5M −706.5K shares	$1.8B 6.0M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$106.6M −362.7K shares	$836.6M 2.8M shares
SRS Capital Advisors, Inc. RIA/Wealth	−$46.5M −165.7K shares	Sold Off 0 shares
UBS Group AG Institution	−$41.0M −139.6K shares	$1.6B 5.5M shares
Gibraltar Capital Management, Inc. RIA/Wealth	−$34.6M −117.6K shares	$11.4M 38.7K shares
AMERIPRISE FINANCIAL INC Institution	−$32.2M −109.6K shares	$987.7M 3.4M shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$29.8M −106.5K shares	Sold Off 0 shares
L Laurel Wealth Advisors LLC RIA/Wealth	−$27.9M −99.6K shares	Sold Off 0 shares
Creative Planning RIA/Wealth	−$22.2M −75.4K shares	$2.4B 8.3M shares
MML INVESTORS SERVICES, LLC RIA/Wealth	−$20.2M −68.6K shares	$104.6M 356.1K shares

Entry and Exit Activity

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

New Positions: 60
New Value: $67.0M
Exited Positions: 57
Exited Value: $153.6M

New Positions

Institution	Position Value
Integrated Capital Management, LLC RIA/Wealth	$19.4M 65.3K shares
E Equity Wealth Partners, LLC RIA/Wealth	$10.9M 37.1K shares
K Kaydan Wealth Management, Inc. RIA/Wealth	$6.8M 23.1K shares
Pinnacle Wealth Management Group, Inc. RIA/Wealth	$5.4M 18.3K shares
VIRTUE ASSET MANAGEMENT LLC RIA/Wealth	$3.0M 10.2K shares
POLEN CAPITAL MANAGEMENT LLC Long Only Manager	$2.6M 8.7K shares
B&D White Capital Company, LLC RIA/Wealth	$1.7M 5.7K shares
Steel Peak Wealth Management LLC RIA/Wealth	$1.2M 4.0K shares
C COMMUNITY TRUST & INVESTMENT CO Institution	$1.1M 3.9K shares
LOOMIS SAYLES & CO L P Long Only Manager	$890.0K 3.0K shares

Exited Positions

Institution	Previous Position
SRS Capital Advisors, Inc. RIA/Wealth	$46.5M 165.7K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$29.8M 106.5K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$27.9M 99.6K shares
R RETIREMENT FINANCIAL SOLUTIONS, LLC RIA/Wealth	$16.0M 57.3K shares
A ASB Consultores, LLC RIA/Wealth	$13.3M 47.4K shares
Northwest Capital Management Inc RIA/Wealth	$3.7M 13.2K shares
FIRST FOUNDATION ADVISORS RIA/Wealth	$2.0M 7.1K shares
SoundView Advisors Inc. RIA/Wealth	$1.6M 5.8K shares
HORIZON BANCORP INC /IN/ RIA/Wealth	$1.2M 4.5K shares
K Kuhn & Co Investment Counsel RIA/Wealth	$1.1M 3.8K shares

Options Activity

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

Call Positions: 3
Call Value: $15.9M
Put Positions: 8
Put Value: $8.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$13.0M 441.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.8M 62.0 contracts
J JANE STREET GROUP, LLC Institution	$1.1M 39.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.9M 201.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.6M 54.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$1.0M 35.0 contracts
McKinley Carter Wealth Services, Inc. RIA/Wealth	$264.4K - contracts
Smith & Howard Wealth Management, LLC RIA/Wealth	$117.5K 4.0 contracts
HighTower Advisors, LLC RIA/Wealth	$17.4K 15.0 contracts
Creative Planning RIA/Wealth	$479.0 4.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
FIDELIS iM, LLC RIA/Wealth	Keegan Jay Denn President	26.67% $30.9M	105.2K shares	Q3 2021 Held for 4y 3m	$115.9M
Fidato Wealth LLC RIA/Wealth	Eric T Pucek Managing Partner	26.02% $39.6M	134.8K shares	Q4 2023 Held for 2 years	$152.1M
BCK Partners, Inc. RIA/Wealth	Sarah Jean Creath Owner	15.31% $28.4M	96.8K shares	Q4 2020 Held for 5 years	$185.7M
Bear Mountain Capital, Inc. Fund of Funds	Joey Leslie Day CEO	15.20% $45.4M	154.6K shares	Q4 2023 Held for 2 years	$298.6M
Performa Ltd , LLC Long Only Manager	David Thompson Kilborn President	15.19% $57.3M	195.0K shares	Q2 2021 Held for 4y 6m	$377.0M
TL Private Wealth RIA/Wealth	Dustin Richard Tondre Managing Partner	14.53% $36.2M	125.1K shares	Q4 2019 Held for 6 years	$249.3M
James Reed Financial Services, Inc. RIA/Wealth	Amanda Elizabeth Lisachenko President	13.77% $15.4M	52.3K shares	Q4 2024 Held for 1 year	$111.5M
SilverOak Wealth Management LLC RIA/Wealth	Kathleen Jean Nelson President	11.42% $67.7M	230.4K shares	Q4 2023 Held for 2 years	$592.8M
Financial Synergies Wealth Advisors, Inc. RIA/Wealth	Michael Alan Minter CIO	11.16% $109.3M	372.2K shares	Q1 2019 Held for 6y 9m	$979.3M
JMG Financial Group, Ltd. RIA/Wealth	Anthony David Cecchini CEO	11.12% $390.4M	1.3M shares	≤ Q2 2013 Held for 12y 6m+	$3.5B

Hedge Fund Spotlight

Discover hedge funds investing in VO

FNY Investment Advisers, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDonald Eric Motschwiller

Portfolio Value: $240.0M
Positions: 786
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Mid-Cap Fund

Market Value: $822.5K
Shares Held: 2.8K
Portfolio Weight: 0.34%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$7.7M	3.20%
2 UnitedHealth Group UNH	Medical - Healthcare Plans Healthcare	$5.4M	2.25%
3 Codere Online Luxembourg CDRO	Gambling, Resorts & Casinos Consumer Cyclical	$4.6M	1.93%