Vanguard Mid-Cap Value

VOE • ARCA

Vanguard Mid-Cap Value is an exchange-traded fund on ARCA. As of Q3 2025, 1,084 institutional investors hold shares in this ETF, with total holdings valued at $11.5B. MORGAN STANLEY is the largest holder with a position valued at $830.2M.

Overview

Overview of institutional ownership in VOE as of Q3 2025

All Institutions

Institutions: 1,084
Value Held: $11.5B
Shares Held: 66.6M
Avg Position: $10.6M
Median Position: $758.2K

Hedge Funds

Hedge Funds: 11
Value Held: $16.3M
Shares Held: 93.6K
Avg Position: $1.5M
Median Position: $820.5K

Biggest Investors

Institutions with the largest positions in VOE as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$830.2M 0.05% of portfolio	4.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$770.7M 1.66% of portfolio	4.4M shares	Q3 2013 Held for 12y 2m	$46.5B
Betterment LLC RIA/Wealth	Sarah Kirshbaum Levy CEO	$701.9M 1.48% of portfolio	4.0M shares	Q4 2014 Held for 10y 11m	$47.3B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$530.2M 0.04% of portfolio	3.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$460.7M 0.09% of portfolio	2.6M shares	Q2 2014 Held for 11y 5m	$488.61B
R ROYAL BANK OF CANADA Institution	-	$459.6M 0.08% of portfolio	2.6M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
J JONES FINANCIAL COMPANIES LLLP Institution	-	$435.5M 0.30% of portfolio	2.5M shares	≤ Q2 2013 Held for 12y 5m+	$146.70B
T TIAA TRUST, NATIONAL ASSOCIATION Institution	-	$279.0M 0.68% of portfolio	1.6M shares	Q3 2023 Held for 2y 2m	$41.2B
PNC FINANCIAL SERVICES GROUP, INC. Institution	William S. Demchak CEO	$255.0M 0.15% of portfolio	1.5M shares	≤ Q2 2013 Held for 12y 5m+	$164.83B
UBS Group AG Institution	Sergio P. Ermotti CEO	$244.3M 0.05% of portfolio	1.4M shares	Q4 2014 Held for 10y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for VOE in Q3 2025

Net Flow: +$162.4M
Buyers: 429
Sellers: 407
Total Bought: +$441.0M
Total Sold: −$278.7M
Avg Position: $10.5M

Biggest Buyers

Institution	Net Bought	Current Position
P PICTON MAHONEY ASSET MANAGEMENT Institution	+$58.3M +334.2K shares	$70.9M 406.3K shares
C CI Private Wealth, LLC RIA/Wealth	+$43.3M +247.9K shares	$45.9M 262.7K shares
W WoodTrust Financial Corp Institution	+$30.2M +173.2K shares	$30.2M 173.2K shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	+$26.2M +149.9K shares	$770.7M 4.4M shares
MORGAN STANLEY RIA/Wealth	+$25.3M +145.1K shares	$830.2M 4.8M shares
Pensionmark Financial Group, LLC Pension/Endowment	+$19.9M +113.7K shares	$21.2M 121.2K shares
Cetera Investment Advisers RIA/Wealth	+$18.2M +104.5K shares	$68.9M 394.9K shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$14.5M +83.2K shares	$435.5M 2.5M shares
AMERIPRISE FINANCIAL INC Institution	+$11.9M +68.0K shares	$183.8M 1.1M shares
WELLS FARGO & COMPANY/MN Institution	+$10.5M +59.9K shares	$460.7M 2.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
Betterment LLC RIA/Wealth	−$19.8M −113.2K shares	$701.9M 4.0M shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	−$18.6M −106.3K shares	$158.3M 906.8K shares
R ROYAL BANK OF CANADA Institution	−$18.1M −103.6K shares	$459.6M 2.6M shares
STEPHENS GROUP ASSET MANAGEMENT, LLC RIA/Wealth	−$16.4M −94.1K shares	$191.4M 1.1M shares
T TIAA TRUST, NATIONAL ASSOCIATION Institution	−$13.3M −76.1K shares	$279.0M 1.6M shares
Summit Financial, LLC RIA/Wealth	−$10.7M −61.2K shares	$29.0M 165.8K shares
UBS Group AG Institution	−$10.0M −57.3K shares	$244.3M 1.4M shares
S SPC Financial, Inc. RIA/Wealth	−$8.9M −50.9K shares	$505.4K 2.9K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$8.7M −49.7K shares	$26.5M 151.9K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$8.1M −46.2K shares	$477.5K 2.7K shares

Entry and Exit Activity

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

New Positions: 30
New Value: $179.1M
Exited Positions: 57
Exited Value: $28.2M

New Positions

Institution	Position Value
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$104.8M 600.3K shares
Berman McAleer LLC RIA/Wealth	$51.7M 294.5K shares
T TD Waterhouse Canada Inc. Institution	$4.1M 23.8K shares
CHILTON INVESTMENT CO LLC Hedge Fund•Long/Short	$2.9M 16.4K shares
GREENUP STREET WEALTH MANAGEMENT LLC RIA/Wealth	$2.9M 16.3K shares
Fortitude Family Office, LLC Family Office	$2.1M 12.3K shares
SPRINGBOK CAPITAL MANAGEMENT, LLC Fund of Funds	$1.8M 10.5K shares
S Stonegate Management LLC Institution	$1.8M 10.2K shares
E Equity Wealth Partners, LLC RIA/Wealth	$1.5M 8.3K shares
V Vise Technologies, Inc. Institution	$926.0K 5.3K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$4.8M 28.9K shares
SRS Capital Advisors, Inc. RIA/Wealth	$4.2M 25.5K shares
F FLOW TRADERS U.S. LLC Institution	$2.7M 16.7K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$1.3M 7.9K shares
Peirce Capital Management, LLC RIA/Wealth	$1.1M 6.8K shares
Forefront Analytics, LLC RIA/Wealth	$1.1M 6.7K shares
G GTS SECURITIES LLC Institution	$1.0M 6.2K shares
S Strategic Financial Concepts, LLC RIA/Wealth	$904.2K 5.5K shares
Verisail Partners, LLC RIA/Wealth	$894.7K 5.4K shares
L2 Asset Management, LLC Hedge Fund•Long/Short	$838.6K 5.1K shares

Options Activity

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

Call Positions: 3
Call Value: $5.3M
Put Positions: 3
Put Value: $1.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.9M 224.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 80.0 contracts
B Belvedere Trading LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$785.6K 45.0 contracts
J JANE STREET GROUP, LLC Institution	$558.7K 32.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
STEPHENS GROUP ASSET MANAGEMENT, LLC RIA/Wealth	Alan Bradley Tedford CEO	12.90% $191.4M	1.1M shares	Q4 2019 Held for 5y 11m	$1.5B
Grove Street Fiduciary, LLC RIA/Wealth	Carl Amos Johnson CEO	10.91% $23.1M	132.2K shares	Q4 2024 Held for 11 months	$211.5M
S SYM FINANCIAL CORPORATION RIA/Wealth	Jerald William Yeager CEO	10.23% $95.6M	547.5K shares	Q3 2020 Held for 5y 2m	$934.4M
Dougherty Wealth Advisers LLC RIA/Wealth	Todd David Witcraft CEO	9.89% $15.4M	87.9K shares	Q4 2018 Held for 6y 11m	$155.2M
BHK Investment Advisors, LLC RIA/Wealth	Meredyth Roberts Hazzard CEO	9.13% $24.4M	140.0K shares	Q4 2017 Held for 7y 11m	$267.7M
Clayton Financial Group LLC RIA/Wealth	Kenneth John Bower CEO	8.56% $11.7M	67.1K shares	Q4 2023 Held for 1y 11m	$136.9M
M Marotta Asset Management RIA/Wealth	David John Marotta President	7.32% $38.9M	223.3K shares	Q2 2023 Held for 2y 5m	$531.2M
Gladwyn Financial Advisors, Inc. RIA/Wealth	Timothy Terrence Murray President	7.23% $10.1M	57.7K shares	Q2 2025 Held for 5 months	$139.3M
Berman McAleer LLC RIA/Wealth	David Lee Berman CEO	7.23% $51.7M	294.5K shares	Q3 2025 Held for 2 months	$714.7M
SHAKESPEARE WEALTH MANAGEMENT, INC. RIA/Wealth	Kevin Michael Reardon CEO	7.01% $30.8M	176.2K shares	Q4 2017 Held for 7y 11m	$439.2M

Hedge Fund Spotlight

Discover hedge funds investing in VOE

Quantinno Capital Management LP

Hedge Fund • Market Neutral

Portfolio ManagerHoon Nmn Kim

Portfolio Value: $36.6B
Positions: 2,911
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Mid-Cap Value

Market Value: $3.7M
Shares Held: 21.1K
Portfolio Weight: 0.01%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$2.1B	5.71%
2 Apple AAPL	Consumer Electronics Technology	$1.9B	5.06%
3 Microsoft MSFT	Software - Infrastructure Technology	$1.4B	3.93%