Auto-Owners Insurance 13F: Cuts VWO Stake by $48M

Auto-Owners Insurance pulled back significantly on its investment in Vanguard FTSE Emerging Markets Index Fund ETF Shares (VWO), cutting its holdings by 61.5% during the period. According to a Form 13F filing disclosed with the Securities and Exchange Commission on October 15, 2026, the firm sold 805,500 shares of the emerging markets exchange-traded fund. Keep in mind that 13F filings are backward-looking historical snapshots that show holdings as of the end of the reporting quarter and may not reflect the investor's current position today.

What Changed in Auto-Owners Insurance's Vanguard FTSE Emerging Markets Index Fund ETF Shares Position

Auto-Owners Insurance entered the filing period with 1,310,716 shares of the fund. By the close of the quarter, that number dropped by 805,500 shares down to a total of 505,216 shares. The remaining stake was reported with a value of $29,964,361. This reduction follows a series of recent portfolio adjustments by the firm, which also exited positions in other major equities during the same reporting cycle.

Vanguard FTSE Emerging Markets Index Fund ETF Shares Stock Down 1.4%

The fund's shares recently traded at $57.99 as of October 16, 2026. The stock sits about 3.6% below its 50-day moving average of $60.13 and roughly 0.4% below its 200-day moving average of $58.23. Over the past 52 weeks, the shares have traded as low as $52.20 and as high as $61.54, recently resting about 5.8% below that annual high point and 11.1% above its low. The fund carries a price-to-earnings ratio of 15.27.

Dividend

Investors in the fund receive a dividend yield of 2.05%, providing regular income alongside exposure to international equities.

About Vanguard FTSE Emerging Markets Index Fund ETF Shares

Vanguard FTSE Emerging Markets Index Fund ETF Shares tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. The fund holds a broad, diversified collection of stocks issued by companies located across various emerging market countries, using an indexing approach to approximate the overall index characteristics.

Bottom Line

Auto-Owners Insurance's sharp reduction in its emerging markets exposure points to a shifting strategy for the institutional investor. Because 13F reports only capture portfolio state at the close of a specific quarter, market participants will need to watch for future regulatory filings to see whether the institution continues to trim its international holdings or stabilizes its position.