During the third quarter, First Citizens Bank & Trust Co. expanded its holdings in the Vanguard S&P 500 ETF by 4.0%, acquiring an additional 1,886 shares to reach a total of 49,191 shares. This stake now represents 0.5% of the bank’s overall portfolio, ranking the ETF as its 23rd largest holding. As of the most recent SEC filing, the position carries a value of $30.12 million, underscoring the firm’s continued confidence in broad U.S. large-cap equity exposure through a low-cost, passively managed vehicle.

TRB Advisors LP significantly increased its exposure to the Vanguard S&P 500 ETF in the same period, boosting its share count by 72.7% with a purchase of 200,000 additional units. The institution now holds 475,000 shares, making the ETF the single largest allocation in its portfolio at 57.5%. This position is valued at $290.88 million, reflecting a strategic tilt toward benchmark-tracking equity assets amid ongoing market volatility and the pursuit of core equity returns.

Multiple other institutional and hedge-fund investors adjusted their stakes during the quarter. Cheviot Value Management lifted its holding by 19.4% to 3,896 shares ($2.46 million), while 1834 Investment Advisors added 648 shares (1.8% increase) for a total of 36,562 shares ($22.39 million). Patten & Patten Inc. TN and Winebrenner Capital Management also boosted positions by 23.7% and 22.9%, respectively. Mendel Capital Management rounded out activity with a 3.7% increase. Collectively, these shifts underscore the ETF’s role as a foundational building block for diversified equity allocations across a spectrum of institutional portfolios.