Vanguard Growth

VUG • ARCA

Vanguard Growth is an exchange-traded fund on ARCA. As of Q3 2025, 2,537 institutional investors hold shares in this ETF, with total holdings valued at $120.59B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $22.6B.

Overview

Overview of institutional ownership in VUG as of Q3 2025

All Institutions

Institutions: 2,537
Value Held: $120.59B
Shares Held: 252.7M
Avg Position: $47.5M
Median Position: $1.6M

Hedge Funds

Hedge Funds: 29
Value Held: $612.8M
Shares Held: 1.3M
Avg Position: $21.1M
Median Position: $945.8K

Biggest Investors

Institutions with the largest positions in VUG 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	$22.6B 1.69% of portfolio	47.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
J JONES FINANCIAL COMPANIES LLLP Institution	-	$16.8B 11.44% of portfolio	35.2M shares	≤ Q2 2013 Held for 12y 5m+	$146.70B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$7.1B 0.43% of portfolio	14.8M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$4.0B 1.17% of portfolio	8.3M shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
F Financial Engines Advisors L.L.C. Institution	-	$3.3B 6.24% of portfolio	6.8M shares	Q1 2018 Held for 7y 8m	$52.4B
UBS Group AG Institution	Sergio P. Ermotti CEO	$2.8B 0.54% of portfolio	5.8M shares	Q4 2014 Held for 10y 11m	$511.54B
L LPL Financial LLC Institution	-	$2.6B 0.77% of portfolio	5.5M shares	≤ Q2 2013 Held for 12y 5m+	$340.07B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$2.0B 0.41% of portfolio	4.2M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$1.9B 0.43% of portfolio	3.9M shares	≤ Q2 2013 Held for 12y 5m+	$433.11B
T TIAA TRUST, NATIONAL ASSOCIATION Institution	-	$1.7B 4.09% of portfolio	3.5M shares	Q3 2023 Held for 2y 2m	$41.2B

Net Capital Flow

Institutional buying and selling activity for VUG in Q3 2025

Net Flow: +$1.5B
Buyers: 981
Sellers: 958
Total Bought: +$4.2B
Total Sold: −$2.7B
Avg Position: $49.5M

Biggest Buyers

Institution	Net Bought	Current Position
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	+$511.3M +1.1M shares	$515.4M 1.1M shares
C CI Private Wealth, LLC RIA/Wealth	+$446.9M +932.2K shares	$673.8M 1.4M shares
Cetera Investment Advisers RIA/Wealth	+$359.3M +749.2K shares	$995.5M 2.1M shares
MONETA GROUP INVESTMENT ADVISORS LLC RIA/Wealth	+$241.3M +503.0K shares	$658.4M 1.4M shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$159.4M +334.2K shares	$159.4M 334.2K shares
Venturi Wealth Management, LLC RIA/Wealth	+$134.1M +279.6K shares	$139.2M 290.2K shares
MORGAN STANLEY RIA/Wealth	+$102.8M +214.4K shares	$7.1B 14.8M shares
Balentine LLC RIA/Wealth	+$100.2M +209.0K shares	$726.4M 1.5M shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	+$91.8M +191.4K shares	$4.0B 8.3M shares
HPM Partners LLC RIA/Wealth	+$85.4M +178.0K shares	$274.6M 572.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
BANK OF AMERICA CORP /DE/ Institution	−$1.1B −2.3M shares	$22.6B 47.1M shares
F Financial Engines Advisors L.L.C. Institution	−$208.7M −435.1K shares	$3.3B 6.8M shares
SRS Capital Advisors, Inc. RIA/Wealth	−$91.2M −181.2K shares	Sold Off 0 shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$84.8M −176.8K shares	$415.4M 866.1K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$83.0M −173.0K shares	$263.7M 549.8K shares
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	−$60.3M −125.7K shares	$12.9M 26.9K shares
UBS Group AG Institution	−$53.8M −112.2K shares	$2.8B 5.8M shares
T TIAA TRUST, NATIONAL ASSOCIATION Institution	−$51.7M −107.9K shares	$1.7B 3.5M shares
Pathstone Holdings, LLC Family Office	−$40.9M −85.2K shares	$79.4M 165.6K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$38.7M −80.8K shares	$821.0M 1.7M shares

Entry and Exit Activity

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

New Positions: 110
New Value: $294.6M
Exited Positions: 61
Exited Value: $151.9M

New Positions

Institution	Position Value
J Japan Science & Technology Agency Institution	$168.3M 351.0K shares
United Financial Planning Group LLC RIA/Wealth	$29.4M 61.2K shares
Coco Enterprises, LLC Family Office	$23.3M 48.4K shares
Kassira Wealth Management LLC RIA/Wealth	$9.9M 20.6K shares
Northern Financial Advisors Inc RIA/Wealth	$7.8M 16.3K shares
GoalFusion Wealth Management, LLC RIA/Wealth	$6.7M 14.0K shares
B Blueprint Financial Advisors LLC RIA/Wealth	$6.1M 12.8K shares
T TORRAY LLC Long Only Manager	$4.2M 8.7K shares
R Redwood Investment Management, LLC Long Only Manager	$2.6M 5.5K shares
E Equity Wealth Partners, LLC RIA/Wealth	$2.2M 4.6K shares

Exited Positions

Institution	Previous Position
SRS Capital Advisors, Inc. RIA/Wealth	$91.2M 181.2K shares
AlphaStar Capital Management, LLC RIA/Wealth	$9.7M 22.1K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$9.3M 21.1K shares
F FLOW TRADERS U.S. LLC Institution	$8.3M 18.8K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$4.9M 11.1K shares
Park Square Financial Group, LLC RIA/Wealth	$3.9M 8.9K shares
D D. E. Shaw & Co., Inc. Institution	$3.6M 8.3K shares
Perissos Private Wealth Management, LLC RIA/Wealth	$1.9M 4.3K shares
J Jump Financial, LLC Institution	$1.9M 4.2K shares
Financial Advocates Investment Management RIA/Wealth	$1.5M 3.4K shares

Options Activity

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

Call Positions: 5
Call Value: $162.6M
Put Positions: 10
Put Value: $83.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$113.9M 2.4K contracts
J JANE STREET GROUP, LLC Institution	$23.9M 498.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$22.1M 461.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.6M 54.0 contracts
B Belvedere Trading LLC Institution	$191.8K 4.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$39.5M 824.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$22.4M 468.0 contracts
J JANE STREET GROUP, LLC Institution	$15.6M 325.0 contracts
W WOLVERINE TRADING, LLC Institution	$3.2M 66.0 contracts
B Belvedere Trading LLC Institution	$2.4M 50.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$191.8K 4.0 contracts
WELLS FARGO & COMPANY/MN Institution	$95.9K 2.0 contracts
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$42.5K 1.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
R Rolek Wealth Management LLC Institution	-	42.35% $56.4M	117.6K shares	Q4 2024 Held for 11 months	$133.2M
Rezny Wealth Management, Inc. RIA/Wealth	Brian Charles Rezny President	31.70% $151.9M	316.7K shares	Q3 2018 Held for 7y 2m	$479.1M
Fee-Only Financial Planning, L.C. RIA/Wealth	Andrew Michael Hudick Managing Partner	30.56% $52.4M	109.2K shares	Q4 2022 Held for 2y 11m	$171.4M
GOLDEN ROAD ADVISORS LLC RIA/Wealth	Jeffrey Stuart Kikoler CCO	30.08% $52.0M	108.4K shares	Q4 2023 Held for 1y 11m	$172.8M
Balentine LLC RIA/Wealth	Adrian John Cronje CEO	28.65% $726.4M	1.5M shares	Q2 2021 Held for 4y 5m	$2.5B
Cornerstone Management, Inc. RIA/Wealth	Christopher Kendall Abts President	26.22% $158.6M	330.6K shares	Q4 2014 Held for 10y 11m	$604.7M
Dougherty Wealth Advisers LLC RIA/Wealth	Todd David Witcraft CEO	25.76% $40.0M	83.4K shares	Q4 2018 Held for 6y 11m	$155.2M
Mill Creek Capital Advisors, LLC RIA/Wealth	Joshua Stirling Gross CEO	24.95% $1.2B	2.5M shares	Q4 2022 Held for 2y 11m	$4.9B
T Trust Co of Tennessee Institution	-	23.99% $113.8M	237.2K shares	Q2 2024 Held for 1y 5m	$474.3M
Q Quantum Financial Planning Services, Inc. RIA/Wealth	James Barber Twining CEO	23.78% $58.8M	122.6K shares	Q4 2024 Held for 11 months	$247.3M