Vanguard FTSE All-World EX-US Small-Cap Index Fund

VSS • ARCA

Vanguard FTSE All-World EX-US Small-Cap Index Fund is an exchange-traded fund on ARCA. As of Q3 2025, 652 institutional investors hold shares in this ETF, with total holdings valued at $5.1B. Empower Advisory Group, LLC is the largest holder with a position valued at $706.0M.

Overview

Overview of institutional ownership in VSS as of Q3 2025

All Institutions

Institutions: 652
Value Held: $5.1B
Shares Held: 35.8M
Avg Position: $7.8M
Median Position: $673.8K

Hedge Funds

Hedge Funds: 10
Value Held: $18.8M
Shares Held: 140.9K
Avg Position: $1.9M
Median Position: $437.7K

Biggest Investors

Institutions with the largest positions in VSS 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	$706.0M 1.96% of portfolio	5.0M shares	Q1 2023 Held for 2y 8m	$36.1B
Mason Investment Advisory Services, Inc. RIA/Wealth	Christopher Lee Schreiner CEO	$270.6M 13.48% of portfolio	1.9M shares	Q1 2019 Held for 6y 8m	$2.0B
NGAM ADVISORS, L.P. Long Only Manager	David Lawrence Giunta CEO	$265.2M 0.41% of portfolio	1.9M shares	Q2 2018 Held for 7y 5m	$64.4B
B BESSEMER GROUP INC Institution	-	$263.2M 0.41% of portfolio	1.8M shares	Q4 2014 Held for 10y 11m	$64.4B
G GCIC Ltd. Institution	-	$207.7M 0.35% of portfolio	1.5M shares	Q1 2022 Held for 3y 8m	$58.8B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$181.0M 0.03% of portfolio	1.3M shares	Q2 2024 Held for 1y 5m	$620.51B
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$104.7M 0.23% of portfolio	734.6K shares	Q3 2013 Held for 12y 2m	$46.5B
J JONES FINANCIAL COMPANIES LLLP Institution	-	$95.4M 0.07% of portfolio	673.8K shares	Q1 2016 Held for 9y 8m	$146.70B
W WIT, LLC Institution	-	$93.9M 2.13% of portfolio	658.5K shares	Q1 2025 Held for 8 months	$4.4B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$93.8M 0.01% of portfolio	657.9K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for VSS in Q3 2025

Traded: +$33.3M
Buyers: 259
Sellers: 299
Total Bought: +$387.1M
Total Sold: −$353.8M
Avg Position: $7.4M

Biggest Buyers

Institution	Net Bought	Current Position
SRS Capital Advisors, Inc. RIA/Wealth	+$57.2M +1.0M shares	$57.2M 1.0M shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$51.8M +363.4K shares	$56.6M 396.8K shares
FMR LLC Institution	+$45.6M +319.6K shares	$51.2M 359.0K shares
F FLOW TRADERS U.S. LLC Institution	+$29.1M +204.0K shares	$35.9M 252.0K shares
Savant Capital, LLC RIA/Wealth	+$28.5M +200.1K shares	$35.1M 246.2K shares
L LPL Financial LLC Institution	+$14.3M +100.4K shares	$63.4M 444.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$11.9M +83.2K shares	$14.2M 99.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$11.3M +79.5K shares	$11.3M 79.5K shares
Cambria Investment Management, L.P. ETF Provider	+$8.9M +62.7K shares	$8.9M 62.7K shares
J JONES FINANCIAL COMPANIES LLLP Institution	+$8.9M +62.5K shares	$95.4M 673.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
Fusion Family Wealth LLC RIA/Wealth	−$67.4M −47.3K shares	$85.5M 60.0K shares
NGAM ADVISORS, L.P. Long Only Manager	−$41.3M −289.8K shares	$265.2M 1.9M shares
Janney Montgomery Scott LLC RIA/Wealth	−$20.1M −141.3K shares	$5.4M 38.2K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$17.7M −132.0K shares	Sold Off 0 shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	−$17.6M −123.3K shares	$181.0M 1.3M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$16.4M −114.8K shares	$51.5M 361.3K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$15.9M −111.2K shares	$40.9M 286.6K shares
UBS Group AG Institution	−$14.0M −98.5K shares	$68.8M 482.8K shares
MORGAN STANLEY RIA/Wealth	−$13.0M −91.3K shares	$93.8M 657.9K shares
B BESSEMER GROUP INC Institution	−$9.7M −67.8K shares	$263.2M 1.8M shares

Entry and Exit Activity

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

New Positions: 33
New Value: $11.6M
Exited Positions: 34
Exited Value: $26.5M

New Positions

Institution	Position Value
Harpswell Capital Advisors, LLC Fund of Funds	$3.8M 26.9K shares
SILVERLAKE WEALTH MANAGEMENT LLC RIA/Wealth	$1.3M 9.1K shares
Cornerstone Planning Group LLC RIA/Wealth	$568.7K 10.3K shares
R Rede Wealth, LLC RIA/Wealth	$558.8K 3.9K shares
JustInvest LLC Long Only Manager	$497.5K 3.5K shares
AMARA FINANCIAL, LLC. RIA/Wealth	$496.5K 3.5K shares
GREAT OAK CAPITAL PARTNERS, LLC RIA/Wealth	$456.7K 3.2K shares
C C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors RIA/Wealth	$330.9K 2.3K shares
Strategic Investment Solutions, Inc. /IL RIA/Wealth	$320.3K 2.2K shares
Alpha Cubed Investments, LLC RIA/Wealth	$319.9K 2.2K shares

Exited Positions

Institution	Previous Position
B BNP PARIBAS ARBITRAGE, SA Institution	$17.7M 132.0K shares
C Capitolis Liquid Global Markets LLC Private Equity	$3.7M 27.5K shares
True North Advisors, LLC RIA/Wealth	$718.0K 5.3K shares
KCM INVESTMENT ADVISORS LLC RIA/Wealth	$697.1K 5.2K shares
SLT Holdings LLC RIA/Wealth	$619.9K 4.6K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$565.8K 4.2K shares
Continuum Advisory, LLC RIA/Wealth	$456.3K 3.4K shares
VESTIA PERSONAL WEALTH ADVISORS RIA/Wealth	$366.0K 2.7K shares
SCS Capital Management LLC RIA/Wealth	$336.0K 2.5K shares
S SWMG, LLC Institution	$279.9K 2.1K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Mason Investment Advisory Services, Inc. RIA/Wealth	Christopher Lee Schreiner CEO	13.48% $270.6M	1.9M shares	Q1 2019 Held for 6y 8m	$2.0B
25 LLC Real Assets	Shaun Nmn Ahmad President	9.81% $28.8M	202.0K shares	Q1 2023 Held for 2y 8m	$293.7M
Fusion Family Wealth LLC RIA/Wealth	Jonathan Russell Blau CEO	6.40% $85.5M	60.0K shares	Q4 2016 Held for 8y 11m	$1.3B
Strategic Financial Planning, Inc. RIA/Wealth	Bryan Keith Lee President	6.38% $11.0M	77.3K shares	Q4 2019 Held for 5y 11m	$172.6M
F Family CFO Inc RIA/Wealth	Annamalai Rajendran CEO	5.66% $12.2M	85.7K shares	Q4 2021 Held for 3y 11m	$216.0M
Gladwyn Financial Advisors, Inc. RIA/Wealth	Polly Ann Murray President	4.95% $6.9M	48.4K shares	Q2 2025 Held for 5 months	$139.3M
Grove Street Fiduciary, LLC RIA/Wealth	Carl Amos Johnson CEO	4.88% $10.3M	72.4K shares	Q4 2024 Held for 11 months	$211.5M
GPWM LLC RIA/Wealth	Richard Ifft Lerach Managing Partner	4.33% $7.1M	49.8K shares	Q4 2021 Held for 3y 11m	$164.1M
McCarthy Grittinger Financial Group, LLC RIA/Wealth	Matthew T. Miler Managing Partner	4.06% $16.7M	117.0K shares	Q1 2020 Held for 5y 8m	$410.3M
Pacific Life Fund Advisors LLC Fund of Funds	Howard Tomio Hirakawa President	3.70% $36.1M	253.4K shares	Q2 2023 Held for 2y 5m	$974.8M

Hedge Fund Spotlight

Discover hedge funds investing in VSS

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerPeter Fitzhugh Brown

Portfolio Value: $75.8B
Positions: 3,419
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard FTSE All-World EX-US Small-Cap Index Fund

Market Value: $327.9K
Shares Held: 2.3K
Portfolio Weight: 0.00%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%