Vanguard Utilities

VPU • ARCA

Vanguard Utilities is an exchange-traded fund on ARCA. As of Q3 2025, 609 institutional investors hold shares in this ETF, with total holdings valued at $2.4B. MORGAN STANLEY is the largest holder with a position valued at $210.0M.

Overview

Overview of institutional ownership in VPU as of Q3 2025

All Institutions

Institutions: 609
Value Held: $2.4B
Shares Held: 12.6M
Avg Position: $3.9M
Median Position: $517.4K

Hedge Funds

Hedge Funds: 8
Value Held: $10.1M
Shares Held: 53.4K
Avg Position: $1.3M
Median Position: $837.7K

Biggest Investors

Institutions with the largest positions in VPU as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$210.0M 0.01% of portfolio	1.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$190.6M 0.01% of portfolio	1.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
L LPL Financial LLC Institution	-	$157.7M 0.05% of portfolio	832.6K shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	-	$124.7M 0.08% of portfolio	658.5K shares	Q3 2015 Held for 10y 2m	$149.83B
Beacon Capital Management, Inc. RIA/Wealth	Emily Marlene Damman President	$121.1M 5.78% of portfolio	639.1K shares	Q4 2013 Held for 11y 11m	$2.1B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$98.2M 0.03% of portfolio	518.4K shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
Empower Advisory Group, LLC RIA/Wealth	Jonathan David Kreider CEO	$70.6M 0.20% of portfolio	372.7K shares	Q1 2023 Held for 2y 8m	$36.1B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$65.1M 0.01% of portfolio	343.7K shares	≤ Q2 2013 Held for 12y 5m+	$488.50B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$56.4M 0.01% of portfolio	297.3K shares	≤ Q2 2013 Held for 12y 5m+	$433.11B
UBS Group AG Institution	Sergio P. Ermotti CEO	$53.6M 0.01% of portfolio	282.8K shares	Q4 2014 Held for 10y 11m	$511.54B

Net Capital Flow

Institutional buying and selling activity for VPU in Q3 2025

Traded: +$22.9M
Buyers: 284
Sellers: 212
Total Bought: +$167.2M
Total Sold: −$144.3M
Avg Position: $3.7M

Biggest Buyers

Institution	Net Bought	Current Position
L LPL Financial LLC Institution	+$18.5M +97.8K shares	$157.7M 832.6K shares
WELLS FARGO & COMPANY/MN Institution	+$12.2M +64.4K shares	$65.1M 343.7K shares
VESTOR CAPITAL CORP RIA/Wealth	+$10.9M +57.8K shares	$11.0M 58.3K shares
N Nan Shan Life Insurance Co., Ltd. Institution	+$9.2M +48.7K shares	$28.9M 152.5K shares
A Advisor Group Holdings, Inc. Institution	+$8.4M +45.2K shares	$43.3M 232.9K shares
Lido Advisors, LLC RIA/Wealth	+$6.6M +34.7K shares	$12.6M 66.3K shares
BANK OF AMERICA CORP /DE/ Institution	+$6.1M +32.0K shares	$190.6M 1.0M shares
S Stonegate Management LLC Institution	+$4.6M +24.0K shares	$4.6M 24.0K shares
G Gunma Bank,Ltd. Institution	+$4.3M +22.9K shares	$4.3M 22.9K shares
S SWAN Capital LLC RIA/Wealth	+$4.3M +22.6K shares	$10.6M 56.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
ALTFEST L J & CO INC RIA/Wealth	−$20.6M −108.9K shares	$2.8M 14.5K shares
Beacon Capital Management, Inc. RIA/Wealth	−$18.5M −97.9K shares	$121.1M 639.1K shares
C CI Private Wealth, LLC RIA/Wealth	−$17.7M −93.5K shares	$3.8M 20.3K shares
MORGAN STANLEY RIA/Wealth	−$12.0M −63.6K shares	$210.0M 1.1M shares
Allied Investment Advisors, LLC RIA/Wealth	−$9.5M −50.1K shares	$16.8M 88.6K shares
UBS Group AG Institution	−$5.9M −31.0K shares	$53.6M 282.8K shares
Tandem Wealth Advisors LLC RIA/Wealth	−$5.0M −28.5K shares	Sold Off 0 shares
Eqis Capital Management, Inc. RIA/Wealth	−$4.9M −27.6K shares	Sold Off 0 shares
J JANE STREET GROUP, LLC Institution	−$4.9M −27.6K shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$4.6M −24.5K shares	$37.1M 196.0K shares

Entry and Exit Activity

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

New Positions: 29
New Value: $17.2M
Exited Positions: 38
Exited Value: $27.8M

New Positions

Institution	Position Value
S Stonegate Management LLC Institution	$4.6M 24.0K shares
Mittelman Wealth Management RIA/Wealth	$3.0M 15.7K shares
Intrinsic Edge Capital Management LLC Hedge Fund•Multi-Strategy	$1.9M 10.0K shares
Connecticut Wealth Management, LLC RIA/Wealth	$1.8M 9.4K shares
Mount Yale Investment Advisors, LLC RIA/Wealth	$716.6K 3.8K shares
Vestmark Advisory Solutions, Inc. Fund of Funds	$678.7K 3.6K shares
O OneAscent Financial Services LLC RIA/Wealth	$543.5K 2.9K shares
Quadcap Wealth Management, LLC RIA/Wealth	$396.4K 2.1K shares
O One Capital Management, LLC RIA/Wealth	$387.7K 2.0K shares
RFG Advisory Group, LLC RIA/Wealth	$341.0K 1.8K shares

Exited Positions

Institution	Previous Position
Tandem Wealth Advisors LLC RIA/Wealth	$5.0M 28.5K shares
Eqis Capital Management, Inc. RIA/Wealth	$4.9M 27.6K shares
J JANE STREET GROUP, LLC Institution	$4.9M 27.6K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$2.1M 12.1K shares
D D. E. Shaw & Co., Inc. Institution	$2.1M 11.7K shares
Tandem Investment Partners LLC RIA/Wealth	$978.7K 5.5K shares
H HRT FINANCIAL LLC Institution	$957.7K 5.4K shares
Kinloch Capital, LLC RIA/Wealth	$923.7K 5.2K shares
Park Square Financial Group, LLC RIA/Wealth	$680.8K 3.9K shares
G GTS SECURITIES LLC Institution	$529.5K 3.0K shares

Options Activity

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

Call Positions: 2
Call Value: $5.0M
Put Positions: 2
Put Value: $776.6K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.9M 151.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.1M 112.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$776.6K 41.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Unconventional Investor, LLC RIA/Wealth	Paul Pierson O'Leary Managing Partner	7.85% $15.7M	82.7K shares	Q4 2021 Held for 3y 11m	$199.4M
Beacon Capital Management, Inc. RIA/Wealth	Emily Marlene Damman President	5.78% $121.1M	639.1K shares	Q4 2013 Held for 11y 11m	$2.1B
Richmond Brothers, Inc. RIA/Wealth	Matthew Jeremy Curfman President	4.94% $7.8M	41.3K shares	Q3 2024 Held for 1y 2m	$158.4M
S SWAN Capital LLC RIA/Wealth	Andrew Scott Mcnair CCO	4.31% $10.6M	56.2K shares	Q3 2023 Held for 2y 2m	$246.6M
S Stonegate Management LLC Institution	-	3.02% $4.6M	24.0K shares	Q3 2025 Held for 2 months	$151.0M
D David Kennon Inc Institution	-	2.69% $7.5M	39.5K shares	Q1 2024 Held for 1y 8m	$277.8M
Allied Investment Advisors, LLC RIA/Wealth	Eric Allen Vermulm CIO	2.67% $16.8M	88.6K shares	Q3 2023 Held for 2y 2m	$628.3M
STAPP WEALTH MANAGEMENT, PLLC RIA/Wealth	Rebecca Ann Stapp CCO	2.60% $1.7M	9.0K shares	Q2 2023 Held for 2y 5m	$65.6M
American Investment Services, Inc. RIA/Wealth	John Lane Barry CEO	2.43% $10.1M	53.4K shares	≤ Q2 2013 Held for 12y 5m+	$416.2M
P Porter White Investment Advisors, Inc. RIA/Wealth	James Herbert White Chairman	2.34% $5.4M	28.6K shares	Q4 2022 Held for 2y 11m	$231.9M

Hedge Fund Spotlight

Discover hedge funds investing in VPU

WINEBRENNER CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerEarl George Winebrenner

Portfolio Value: $137.9M
Positions: 133
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Utilities

Market Value: $997.6K
Shares Held: 5.3K
Portfolio Weight: 0.72%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 DFCF Dimensional Core Fixed Income DFCF	ETF ETF	$6.4M	4.66%
2 Nvidia NVDA	Semiconductors Technology	$6.3M	4.58%
3 Pacer Pacific Asset Floating Rate High Income FLRT	ETF ETF	$5.6M	4.08%

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