​ The 2nd largest money fund, Vanguard Prime Money Market Fund, is poised to soon become the largest fund in the Vanguard family lineup. It'​s $​66.​8 billion trails Vanguard Index 500 by just $​3.​4 billion, so a continued surge in money fund assets and/​or a dip in the stock market, should push it over the top. Fidelity Investments has already seen its Cash Reserve surpass Fidelity Contrafund and Magellan in assets; Cash Reserves is now $​85.​1 billion, and is the largest fund in the country. (​These totals are when ranked by share class assets.)

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