Pennington Partners & Co., LLC has significantly increased its stake in the Vanguard Russell 3000 ETF (VTHR), adding 17,870 shares valued at approximately $5.4 million in Q1 2026. This move boosts VTHR’s representation in Pennington’s assets under management (AUM) to 6.3%, making it the fourth-largest holding in their portfolio, behind other ETFs like VTI and BOXX.
The increase in VTHR holdings reflects Pennington’s confidence in the broader U.S. equity market, particularly as the ETF tracks nearly the entire U.S. market with its low expense ratio of 0.06%. While VTHR has gained 26% over the past year, it has slightly underperformed compared to the S&P 500 and its Large Blend category benchmark. However, the fund’s comprehensive exposure to diverse market segments positions it well for long-term investors seeking stability.
For market professionals, Pennington’s strategic addition to VTHR underscores the value of broad-market exposure in a portfolio, highlighting that sometimes the most prudent investment decisions are those that prioritize cost-efficiency and diversification.
Source: fool.com