Cypress Point Wealth Management, LLC disclosed a purchase of 65,258 shares of Vanguard Global ex-U.S. Real Estate ETF (VNQI 1.12%), worth around $3.05 million based on average pricing for Q3 2025.
What happened
According to a filing with the Securities and Exchange Commission dated October 08, 2025, Cypress Point Wealth Management increased its position in Vanguard Global ex-U.S. Real Estate ETF by 65,258 shares, estimated at around $3.05 million. The trade took its holding in VNQI to 126,814 shares, totaling $6.05 million for Q3 2025.
What else to know
This buy brings VNQI to 1.2% of Cypress Point’s 13F assets under management (AUM), outside its top five holdings.
Top holdings after the filing:
- Palantir Technologies (PLTR +4.71%): $221.89 million (44.9% of AUM)
- Dimensional U.s. Core Equity 2 ETF (DFAC 0.25%): $48.73 million (9.9% of AUM)
- Avantis U.S. Large Cap Equity ETF (AVLC +0.15%): $32.04 million (6.5% of AUM)
- Dimensional US Core Equity 1 ETF (DCOR 0.32%): $16.43 million (3.3% of AUM)
- Dimensional International Core Equity 2 ETF (DFIC 0.60%): $16.07 million (3.3% of AUM)
As of October 7, 2025, shares were priced at $47.47, up 2.4% over the past year, underperforming the S&P 500 by 9.86 percentage points. The fund’s annualized dividend yield was 4.3% as of October 8, 2025.
ETF overview
| Metric | Value |
|---|---|
| AUM | N/A |
| Dividend yield | 4.30% |
| Price (as of market close 2025-10-07) | $47.47 |
| 1-year total return | 7.06% |
ETF snapshot
The Vanguard Global ex-U.S. Real Estate ETF provides investors with targeted exposure to international real estate securities worldwide, excluding the United States. The fund uses a market-cap-weighted approach give exposure to wide range of global property markets.
- VNQI employs a passively managed, indexing investment strategy designed to track the S&P Global ex-U.S. Property Index.
- The ETF's portfolio consists primarily of publicly traded equity REITs and real estate management and development companies across developed and emerging markets outside the United States.
- It is structured as a U.S.-listed ETF that offers broad diversification.
Foolish take
Palantir Technologies accounts for almost 45% of Cypress Point Wealth Management's investments. Outside of that, the Texas-based firm holds a broad mix of assets across various sectors and geographies.
Interest in international investments has increased in the past year. A weakening dollar and rising uncertainty have made it more attractive to diversify portfolios with non-U.S. assets. That may be what's driving Cypress Point's purchase of over $3 million in shares of an ETF that's focused on non-U.S. real estate.
However, that's not quite the whole picture. Cypress Point appears to be shifting its international holdings around rather than changing its allocation. Around 12% of its investments were in various global and non-U.S. ETFs at the end of Q2. That's still the case at the end of Q3.
For example, some of its VNQI purchase was offset by a $1 million sale in another global real estate ETF, Dimensional Global Real Estate ETF (DFGR 1.90%). Even so, the firm increased its allocation to the international property market from just under $6 million in Q2 to $8 million in Q3. Those real estate holdings may serve to balance out its equity investments.
Glossary
13F reportable AUM: Assets under management that must be disclosed in quarterly SEC Form 13F filings by institutional investment managers.
ETF: Exchange-traded fund; a pooled investment vehicle traded on stock exchanges, holding a basket of assets like stocks or bonds.
Dividend yield: The annual dividend income expressed as a percentage of the investment’s current price.
Passively managed: An investment strategy aiming to replicate the performance of a market index rather than outperform it.
Indexing investment strategy: A method where a fund seeks to match the returns of a specific market index by holding its components.
Market-cap-weighted: A portfolio construction method where each holding’s weight is based on its market capitalization relative to the index.
REIT: Real Estate Investment Trust; a company that owns, operates, or finances income-producing real estate.
Developed markets: Countries with advanced economies, stable political systems, and well-established financial markets.
Emerging markets: Nations with developing economies and financial markets that are growing but less mature than developed markets.
Total return: The investment's price change plus all dividends and distributions, assuming those payouts are reinvested.
Stake: The amount or percentage of ownership an investor holds in a particular asset or company.
Annualized: A figure (such as return or yield) converted to a yearly rate, regardless of the actual period measured.
