Vanguard S&P 500 ETF

VOO • ARCA

Vanguard S&P 500 ETF is an exchange-traded fund on ARCA. As of Q3 2025, 3,362 institutional investors hold shares in this ETF, with total holdings valued at $303.71B. VANGUARD GROUP INC is the largest holder with a position valued at $23.2B.

Overview

Overview of institutional ownership in VOO as of Q3 2025

All Institutions

Institutions: 3,362
Value Held: $303.71B
Shares Held: 498.0M
Avg Position: $90.3M
Median Position: $2.8M

Hedge Funds

Hedge Funds: 63
Value Held: $3.3B
Shares Held: 5.3M
Avg Position: $51.7M
Median Position: $2.3M

Biggest Investors

Institutions with the largest positions in VOO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$23.2B 0.35% of portfolio	37.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
RAYMOND JAMES FINANCIAL INC RIA/Wealth	Steven Robert Marcus CEO	$17.3B 5.59% of portfolio	28.3M shares	Q4 2024 Held for 11 months	$310.43B
C CANERECTOR INC Institution	-	$16.9B 30.44% of portfolio	27.6M shares	Q4 2024 Held for 11 months	$55.6B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$16.7B 1.07% of portfolio	27.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
C CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM Institution	-	$15.9B 9.63% of portfolio	26.0M shares	Q4 2024 Held for 11 months	$165.05B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$15.9B 1.19% of portfolio	25.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$15.6B 0.95% of portfolio	25.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
J JONES FINANCIAL COMPANIES LLLP Institution	-	$8.4B 5.74% of portfolio	13.8M shares	Q2 2016 Held for 9y 5m	$146.70B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$8.2B 1.19% of portfolio	13.5M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
Acorns Advisers, LLC RIA/Wealth	Beau Sullivan CEO	$5.5B 45.49% of portfolio	9.0M shares	Q4 2018 Held for 6y 11m	$12.1B

Net Capital Flow

Institutional buying and selling activity for VOO in Q3 2025

Net Flow: +$22.4B
Buyers: 1,673
Sellers: 1,183
Total Bought: +$32.3B
Total Sold: −$9.9B
Avg Position: $92.6M

Biggest Buyers

Institution	Net Bought	Current Position
C CANERECTOR INC Institution	+$16.9B +27.6M shares	$16.9B 27.6M shares
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	+$1.5B +2.4M shares	$1.7B 2.8M shares
MORGAN STANLEY RIA/Wealth	+$1.3B +2.1M shares	$15.6B 25.4M shares
T TEACHER RETIREMENT SYSTEM OF TEXAS Institution	+$1.1B +1.8M shares	$1.5B 2.5M shares
VANGUARD GROUP INC Institution	+$712.0M +1.2M shares	$23.2B 37.9M shares
SRS Capital Advisors, Inc. RIA/Wealth	+$593.7M +2.1M shares	$598.0M 2.1M shares
C Colony Group, LLC Institution	+$585.9M +955.2K shares	$1.5B 2.5M shares
C Clal Insurance Enterprises Holdings Ltd Institution	+$537.4M +877.6K shares	$1.8B 2.9M shares
BANK OF AMERICA CORP /DE/ Institution	+$518.1M +846.1K shares	$15.9B 25.9M shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$370.0M +606.3K shares	$8.4B 13.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$1.9B −3.1M shares	$5.4B 8.8M shares
Soundwatch Capital LLC ETF Provider	−$1.3B −2.2M shares	$13.5M 22.0K shares
Hartland & Co., LLC RIA/Wealth	−$668.9M −1.2M shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$568.0M −927.6K shares	$16.7B 27.2M shares
Mirae Asset Global Investments Co., Ltd. Long Only Manager	−$470.6M −768.5K shares	$1.0B 1.7M shares
Hancock Prospecting Pty Ltd RIA/Wealth	−$453.6M −798.5K shares	Sold Off 0 shares
PFG Advisors RIA/Wealth	−$386.9M −631.7K shares	$28.0M 45.7K shares
R ROYAL BANK OF CANADA Institution	−$345.8M −564.7K shares	$2.2B 3.6M shares
T Tredje AP-fonden Institution	−$327.7M −577.0K shares	Sold Off 0 shares
Strategic Investment Advisors / MI RIA/Wealth	−$213.8M −116.2K shares	$128.2M 69.7K shares

Entry and Exit Activity

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

New Positions: 109
New Value: $979.7M
Exited Positions: 76
Exited Value: $1.9B

New Positions

Institution	Position Value
U USS Investment Management Ltd Institution	$668.8M 1.1M shares
Jain Global LLC Hedge Fund•Multi-Strategy	$100.4M 164.0K shares
R RedJay Asset Management Inc. Institution	$52.5M 85.8K shares
Lepercq De Neuflize Asset Management LLC Fund of Funds	$46.4M 75.8K shares
F FORMULATE FINANCIAL LLC RIA/Wealth	$15.0M 24.5K shares
Axos Invest Inc. RIA/Wealth	$10.8M 17.6K shares
Berman McAleer LLC RIA/Wealth	$8.7M 14.2K shares
a16z Perennial Management, L.P. Fund of Funds	$7.1M 21.7K shares
C CHAI TRUST CO LLC Institution	$6.3M 10.3K shares
Revere Asset Management, Inc RIA/Wealth	$6.0M 9.8K shares

Exited Positions

Institution	Previous Position
Hartland & Co., LLC RIA/Wealth	$668.9M 1.2M shares
Hancock Prospecting Pty Ltd RIA/Wealth	$453.6M 798.5K shares
T Tredje AP-fonden Institution	$327.7M 577.0K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$144.8M 255.0K shares
E Eisler Capital Management Ltd. Institution	$97.0M 170.8K shares
Wright Fund Managment, LLC Long Only Manager	$34.9M 67.9K shares
T Tower Research Capital LLC Institution	$23.6M 41.5K shares
MARINER INVESTMENT GROUP LLC Hedge Fund•Multi-Strategy	$13.2M 23.3K shares
AlphaStar Capital Management, LLC RIA/Wealth	$11.0M 19.4K shares
SENTRY INVESTMENT MANAGEMENT INC Insurance Manager	$10.5M 18.5K shares

Options Activity

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

Call Positions: 14
Call Value: $1.6B
Put Positions: 24
Put Value: $1.8B

Call Positions

Institution	Position Value
W WOLVERINE TRADING, LLC Institution	$509.0M 8.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$446.5M 7.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$364.4M 6.0K contracts
J JANE STREET GROUP, LLC Institution	$190.2M 3.1K contracts
K K2 PRINCIPAL FUND, L.P. Institution	$33.7M 550.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$25.2M 412.0 contracts
Walleye Trading LLC RIA/Wealth	$14.4M 235.0 contracts
O OLD MISSION CAPITAL LLC Institution	$7.4M 1.3K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$4.4M 72.0 contracts
B Belvedere Trading LLC Institution	$2.4M 39.0 contracts

Put Positions

Institution	Position Value
Hartland & Co., LLC RIA/Wealth	$724.9M - contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$517.3M 8.4K contracts
J JANE STREET GROUP, LLC Institution	$279.4M 4.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$168.8M 2.8K contracts
W WOLVERINE TRADING, LLC Institution	$101.8M 1.7K contracts
Walleye Trading LLC RIA/Wealth	$21.1M 345.0 contracts
WELLS FARGO & COMPANY/MN Institution	$9.5M 155.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$5.6M 92.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$1.9M 31.0 contracts
BFI Infinity Ltd. RIA/Wealth	$1.8M 29.7 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
AFBI LP Hedge Fund•Multi-Strategy	Russell H Shostack CFO	100.00% $51.4M	83.9K shares	Q3 2025 Held for 2 months	$51.4M
E E-L Financial Corp Ltd Institution	-	100.00% $1.3B	1.5M shares	Q4 2016 Held for 8y 11m	$1.3B
C Call To Action Foundation Institution	-	100.00% $560.2M	914.8K shares	Q4 2023 Held for 1y 11m	$560.2M
P Powers Capital, LLC Institution	-	99.06% $214.8M	350.8K shares	Q4 2024 Held for 11 months	$216.9M
AXIS CAPITAL HOLDINGS LTD Institution	Jan Ekberg CEO	96.04% $253.5M	413.9K shares	Q1 2016 Held for 9y 8m	$263.9M
TORCHMARK CORP Institution	Mark S. McAndrew CEO	86.33% $345.5M	564.2K shares	Q1 2016 Held for 9y 8m	$400.2M
P Pandi, LLC Family Office	Matthew Gene Ferguson CEO	86.15% $649.4M	1.1M shares	Q4 2024 Held for 11 months	$753.7M
F FJ Investments, LLC Institution	-	85.67% $1.3B	2.2M shares	Q4 2023 Held for 1y 11m	$1.5B
S Standard Family Office LLC Family Office	Matthew Patrick Bock CEO	84.52% $78.0M	127.4K shares	Q4 2020 Held for 4y 11m	$92.3M
Fairfield University RIA/Wealth	Patrick Joseph Marody President	84.14% $169.8M	277.3K shares	Q4 2021 Held for 3y 11m	$201.8M

Hedge Fund Spotlight

Discover hedge funds investing in VOO

Wallace Hart LLC

Hedge Fund • Long/Short

Portfolio ManagerJeremy Nathan Wallace

Portfolio Value: $136.0M
Positions: 44
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard S&P 500 ETF

Market Value: $140.8K
Shares Held: 230.0
Portfolio Weight: 0.10%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$46.8M	34.39%
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$45.7M	33.64%
3 Texas Pacific Land TPL	Oil & Gas Exploration & Production Energy	$3.8M	2.77%