First Citizens Bank & Trust Co. boosted its Vanguard S&P 500 ETF holdings by 4.0% during the third quarter, raising its stake to 49,191 shares after purchasing an additional 1,886 shares. This position represents 0.5% of the firm’s overall portfolio and stands as its 23rd largest holding, with an aggregate value of $30.12 million as reported in its latest SEC filing.

TRB Advisors LP expanded its exposure to Vanguard S&P 500 ETF by 72.7% in the same period, acquiring 200,000 additional shares to reach a total of 475,000 shares. VOO now accounts for 57.5% of TRB Advisors’ assets under management, making it the largest single position in its portfolio, valued at $290.88 million at the end of the quarter.

Several other institutional investors also adjusted their VOO allocations in the third quarter. Cheviot Value Management increased its stake by 19.4% to 3,896 shares ($2.46 million), 1834 Investment Advisors added 648 shares to reach 36,562 shares ($22.39 million), and Patten & Patten Inc. TN lifted its position by 23.7% to 21,380 shares ($13.09 million). Winebrenner Capital Management and Mendel Capital Management also reported double‐digit percentage increases, reflecting widespread confidence among hedge funds and wealth managers in the ETF’s role as a core large-cap U.S. equity exposure.