Vanguard Russell 2000 ETF

VTWO • NASDAQ

Vanguard Russell 2000 ETF is an exchange-traded fund on NASDAQ. As of Q3 2025, 594 institutional investors hold shares in this ETF, with total holdings valued at $8.2B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $2.7B.

Overview

Overview of institutional ownership in VTWO as of Q3 2025

All Institutions

Institutions: 594
Value Held: $8.2B
Shares Held: 84.1M
Avg Position: $13.9M
Median Position: $528.5K

Hedge Funds

Hedge Funds: 12
Value Held: $17.4M
Shares Held: 178.1K
Avg Position: $1.5M
Median Position: $869.1K

Biggest Investors

Institutions with the largest positions in VTWO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$2.7B 0.20% of portfolio	27.3M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$843.1M 0.05% of portfolio	8.6M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
NGAM ADVISORS, L.P. Long Only Manager	David Lawrence Giunta CEO	$545.8M 0.85% of portfolio	5.6M shares	Q2 2022 Held for 3y 6m	$64.4B
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	Gunjan Kedia CEO	$479.5M 0.57% of portfolio	4.9M shares	Q2 2014 Held for 11y 6m	$84.4B
N NEOS Investment Management LLC Institution	-	$343.2M 2.57% of portfolio	3.5M shares	Q3 2023 Held for 2y 3m	$13.4B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$339.5M 0.07% of portfolio	3.5M shares	≤ Q2 2013 Held for 12y 6m+	$488.52B
Envestnet Portfolio Solutions, Inc. Long Only Manager	Christopher Russell Todd CEO	$299.5M 1.12% of portfolio	3.1M shares	Q3 2023 Held for 2y 3m	$26.8B
J JONES FINANCIAL COMPANIES LLLP Institution	-	$203.9M 0.14% of portfolio	2.1M shares	Q1 2021 Held for 4y 9m	$146.70B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$190.7M 0.03% of portfolio	1.9M shares	Q4 2014 Held for 11 years	$691.37B
UBS Group AG Institution	Sergio P. Ermotti CEO	$156.4M 0.03% of portfolio	1.6M shares	Q2 2021 Held for 4y 6m	$511.60B

Net Capital Flow

Institutional buying and selling activity for VTWO in Q3 2025

Traded: −$1.1B
Buyers: 299
Sellers: 220
Total Bought: +$527.8M
Total Sold: −$1.6B
Avg Position: $12.8M

Biggest Buyers

Institution	Net Bought	Current Position
N NEOS Investment Management LLC Institution	+$114.3M +1.2M shares	$343.2M 3.5M shares
GOLDMAN SACHS GROUP INC Institution	+$76.1M +777.7K shares	$190.7M 1.9M shares
N Neuberger Berman Group LLC Institution	+$39.5M +403.4K shares	$44.2M 452.4K shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	+$35.3M +360.8K shares	$479.5M 4.9M shares
N Nuveen, LLC Institution	+$21.9M +223.8K shares	$28.4M 290.0K shares
BANK OF AMERICA CORP /DE/ Institution	+$20.3M +207.9K shares	$2.7B 27.3M shares
BB&T CORP Institution	+$15.9M +162.4K shares	$43.3M 442.9K shares
W WESBANCO BANK INC Institution	+$12.1M +123.4K shares	$19.2M 196.7K shares
RHUMBLINE ADVISERS Long Only Manager	+$10.5M +106.9K shares	$10.5M 106.9K shares
L LPL Financial LLC Institution	+$9.2M +94.2K shares	$93.3M 953.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
J JONES FINANCIAL COMPANIES LLLP Institution	−$778.5M −8.0M shares	$203.9M 2.1M shares
WELLS FARGO & COMPANY/MN Institution	−$491.7M −5.0M shares	$339.5M 3.5M shares
NGAM ADVISORS, L.P. Long Only Manager	−$163.0M −1.7M shares	$545.8M 5.6M shares
JPMORGAN CHASE & CO Institution	−$43.1M −440.5K shares	$155.2M 1.6M shares
A ALLIANZ SE Institution	−$27.3M −313.0K shares	Sold Off 0 shares
F FLOW TRADERS U.S. LLC Institution	−$18.2M −208.5K shares	Sold Off 0 shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$11.0M −126.2K shares	Sold Off 0 shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	−$10.1M −103.4K shares	$14.1M 143.7K shares
UBS Group AG Institution	−$9.2M −93.8K shares	$156.4M 1.6M shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	−$5.1M −52.6K shares	$8.6M 87.5K shares

Entry and Exit Activity

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

New Positions: 40
New Value: $33.8M
Exited Positions: 48
Exited Value: $84.2M

New Positions

Institution	Position Value
RHUMBLINE ADVISERS Long Only Manager	$10.5M 106.9K shares
FIRST CITIZENS INVESTOR SERVICES, INC. RIA/Wealth	$6.2M 63.7K shares
Politan Capital Management LP Hedge Fund•Activist	$3.2M 32.3K shares
F/M Investments LLC ETF Provider	$2.8M 28.8K shares
NEW YORK LIFE INVESTMENT MANAGEMENT LLC Long Only Manager	$1.8M 18.6K shares
SMART Wealth LLC RIA/Wealth	$1.6M 16.8K shares
H Hudson Value Partners, LLC RIA/Wealth	$1.3M 13.4K shares
Vision Capital Management, Inc. RIA/Wealth	$1.1M 11.2K shares
RFG Advisory Group, LLC RIA/Wealth	$901.3K 9.2K shares
Miracle Mile Advisors, LLC RIA/Wealth	$448.0K 4.6K shares

Exited Positions

Institution	Previous Position
A ALLIANZ SE Institution	$27.3M 313.0K shares
F FLOW TRADERS U.S. LLC Institution	$18.2M 208.5K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$11.0M 126.2K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$3.7M 42.6K shares
H HRT FINANCIAL LLC Institution	$3.0M 33.9K shares
SoundView Advisors Inc. RIA/Wealth	$2.6M 30.1K shares
Wealth Management Partners, LLC RIA/Wealth	$2.6M 29.5K shares
BARCLAYS PLC Institution	$2.2M 25.1K shares
S Sunpointe, LLC Institution	$2.1M 24.0K shares
M Holdings Securities, Inc. RIA/Wealth	$1.5M 17.3K shares

Options Activity

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

Call Positions: 4
Call Value: $12.1M
Put Positions: 4
Put Value: $7.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$7.6M 777.0 contracts
J JANE STREET GROUP, LLC Institution	$2.4M 244.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.8M 187.0 contracts
W WOLVERINE TRADING, LLC Institution	$293.0K 30.0 contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.4M 343.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.3M 342.0 contracts
J JANE STREET GROUP, LLC Institution	$498.9K 51.0 contracts
K K2 PRINCIPAL FUND, L.P. Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
S. R. Schill & Associates RIA/Wealth	Leonard Alan Skiena CEO	15.87% $22.6M	231.0K shares	Q3 2020 Held for 5y 3m	$142.4M
PRAIRIEVIEW WEALTH PARTNERS, LLC Fund of Funds	Andrew Simon Klocke President	7.42% $7.9M	80.7K shares	Q4 2023 Held for 2 years	$106.4M
C CENTRAL VALLEY ADVISORS, LLC Institution	-	4.20% $13.4M	136.6K shares	Q4 2024 Held for 1 year	$318.4M
C Cadent Capital Advisors, LLC RIA/Wealth	Philip Andrew Mooberry Managing Partner	3.54% $13.3M	136.4K shares	Q1 2024 Held for 1y 9m	$377.4M
F Fusion Capital, LLC RIA/Wealth	Jason Michael Mengel Managing Partner	3.46% $11.9M	119.4K shares	Q4 2019 Held for 6 years	$343.3M
Turim 21 Investimentos Ltda. RIA/Wealth	Ana Carolina Oliveira Pinhero De Carvalho CEO	3.21% $8.8M	24.7K shares	Q3 2025 Held for 3 months	$273.8M
Copia Wealth Management RIA/Wealth	Aaron Lee Boehm President	2.60% $3.4M	34.2K shares	Q4 2024 Held for 1 year	$128.7M
N NEOS Investment Management LLC Institution	-	2.57% $343.2M	3.5M shares	Q3 2023 Held for 2y 3m	$13.4B
FIRST CITIZENS INVESTOR SERVICES, INC. RIA/Wealth	David Lee Biliter President	2.41% $6.2M	63.7K shares	Q3 2025 Held for 3 months	$258.8M
Brucke Financial, Inc. RIA/Wealth	Andrew James Hawickhorst President	2.39% $4.1M	41.0K shares	Q4 2024 Held for 1 year	$170.5M

Hedge Fund Spotlight

Discover hedge funds investing in VTWO

THOMIST CAPITAL MANAGEMENT, LP

Hedge Fund • Long/Short

Portfolio ManagerBrian Kuzma

Portfolio Value: $320.9M
Positions: 59
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Russell 2000 ETF

Market Value: $405.4K
Shares Held: 4.2K
Portfolio Weight: 0.13%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Seadrill SDRL	Oil & Gas Drilling Energy	$38.7M	12.08%
2 Bunge BG	Agricultural Farm Products Consumer Defensive	$22.0M	6.85%
3 Darling Ingredients Inc. DAR	Packaged Foods Consumer Defensive	$20.5M	6.37%