Sub Demo()
Application.ScreenUpdating = False
Dim DocSrc As Document: Set DocSrc = ActiveDocument
Dim DocTgt As Document: Set DocTgt = Documents.Add
With DocSrc.Range
  With .Find
    .ClearFormatting
    .Replacement.ClearFormatting
    .Text = "\<*\>"
    .Replacement.Text = ""
    .Format = False
    .Forward = True
    .Wrap = wdFindStop
    .MatchWildcards = True
    .Execute
  End With
  Do While .Find.Found
    DocTgt.Range.InsertAfter .Text & vbCr
    .Collapse wdCollapseEnd
    .Find.Execute
  Loop
End With
Application.ScreenUpdating = True
End Sub