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VCRM

Vanguard Core Tax-Exempt Bond ETF
VCRM

51 hedge funds and large institutions have $152M invested in Vanguard Core Tax-Exempt Bond ETF in 2025 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

460% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 5

172% more capital invested

Capital invested by funds: $55.8M → $152M (+$96M)

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

82% more funds holding

Funds holding: 28 → 51 (+23)

63% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 8

13.71% more ownership

Funds ownership: 41.76% → 55.46% (+14%)

Holders
51
Holders Change
+23
Holders Change %
+82.14%
% of All Funds
0.67%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
28
Increased
13
Reduced
8
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SLWA
San Luis Wealth Advisors
California
+$15M
2
VP
Verum Partners
North Carolina
+$11.8M
3
OCG
Opus Capital Group
Ohio
+$10.5M
4
Jane Street
Jane Street
New York
+$8.42M
5
CA
CGN Advisors
Kansas
+$6.84M

Top Sellers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$1.62M
2
JP Morgan Chase
JP Morgan Chase
New York
-$1.33M
3
Goldman Sachs
Goldman Sachs
New York
-$1.05M
4
VFA
Valeo Financial Advisors
Indiana
-$671K
5
SIC
SJS Investment Consulting
Ohio
-$519K
Name Holding Trade Value Shares
Change 		Change in
Stake
S
26
Sunpointe
Missouri
$1.08M +$1.07M +14,667 New
BCG
27
Breakwater Capital Group
New Jersey
$968K +$82.9K +1,133 +9%
LKBC
28
L.K. Benson & Company
Maryland
$892K +$887K +12,118 New
FTUS
29
Flow Traders U.S.
New York
$811K +$807K +11,019 New
GGS
30
Galvin Gaustad & Stein
Arizona
$775K +$111K +1,522 +17%
HIP
31
HUB Investment Partners
Texas
$760K +$187K +2,555 +33%
AFG
32
ABLE Financial Group
Arizona
$665K +$662K +9,044 New
JP Morgan Chase
33
JP Morgan Chase
New York
$588K -$1.33M -18,166 -69%
LPL Financial
34
LPL Financial
California
$515K +$512K +7,000 New
EFS
35
Essex Financial Services
Connecticut
$473K +$471K +6,430 New
OHWA
36
Oak Hill Wealth Advisors
Virginia
$441K -$126K -1,726 -22%
RPGK
37
Retirement Planning Group (Kansas)
Kansas
$403K -$335K -4,582 -46%
BAG
38
Bridgewealth Advisory Group
California
$375K +$373K +5,095 New
TA
39
TPG Advisors
Illinois
$359K +$357K +4,873 New
CISOA
40
Capital Investment Services of America
Wisconsin
$347K +$345K +4,715 New
OMC
41
Old Mission Capital
Illinois
$325K +$324K +4,421 New
BEW
42
Burton Enright Welch
California
$266K +$8.78K +120 +3%
WFA
43
Websterrogers Financial Advisors
South Carolina
$264K +$263K +3,587 New
SRC
44
Shufro Rose & Co
New York
$261K – – –
VFA
45
Valeo Financial Advisors
Indiana
$255K -$671K -9,172 -73%
MWS
46
MFA Wealth Services
California
$246K +$2.05K +28 +0.8%
Osaic Holdings
47
Osaic Holdings
Arizona
$241K -$152K -2,083 -39%
Bank of America
48
Bank of America
North Carolina
$166K – – –
UBS Group
49
UBS Group
Switzerland
$95.9K +$95.4K +1,304 New
NSIM
50
North Star Investment Management
Illinois
$60.3K +$60K +820 New
1
2
3

VCRM Hedge Fund Activity: Q2 2025 in Review

51 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Vanguard Core Tax-Exempt Bond ETF (VCRM) for Q2 2025, worth a combined $152M — up 172% from $55.8M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new VCRM positions and 5 closed out — a net gain of 23 holders — while 13 added to existing stakes and 8 trimmed.

The largest buyer was San Luis Wealth Advisors, opening a new position worth an estimated $15M. The largest seller was Commonwealth Equity Services, exiting entirely with an estimated $1.62M sold.

  • 51 institutional investors held Vanguard Core Tax-Exempt Bond ETF (VCRM) as of Q2 2025, up from 28 in Q1 2025.
  • Funds reported $152M of Vanguard Core Tax-Exempt Bond ETF stock for Q2 2025, up 172% quarter-over-quarter.
  • 28 funds opened new Vanguard Core Tax-Exempt Bond ETF positions in Q2 2025 and 5 closed out, a net change of +23 holders.
  • The largest Vanguard Core Tax-Exempt Bond ETF buyer in Q2 2025 was San Luis Wealth Advisors, an estimated $15M added.
  • The largest Vanguard Core Tax-Exempt Bond ETF seller in Q2 2025 was Commonwealth Equity Services, an estimated $1.62M sold.

Based on aggregated 13F filings for Q2 2025.