VBR
Vanguard Morningstar Small-Cap Value ETF
stock NYSE ETF

It was an at close order, and obviously institutional, my guess is etf.
Probably INH, VTI, VBR OR VXF.
Blackrock holds 35.9million shares and vanguard has 18.2million.
If it was a sell, be thankful it was dark.

It was an at close order, and obviously institutional, my guess is etf.
Probably INH, VTI, VBR OR VXF.
Blackrock holds 35.9million shares and vanguard has 18.2million.
If it was a sell, be thankful it was dark.

No, there isn’t anyone necessarily on the other side of the tilt because they may not be buying large cap and growth just because you bought their shares. They are just selling SCV. If they buy bonds then that money is gone from the equity market and not reinvested in LCG.
If they sell for more than they bought it for then there is a net gain to the equity market cap...your money replaced their money and then some. If they sold it for less there is a net loss to the capital market because your money didn’t fully replace their money.
As to why anyone would make an “anti factor tilt” that could just be going back to market weight within the equity market. There’s no need to justify that…selling VBR to buy VT requires no rationale.