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Vanguard California Tax-Exempt Bond ETF
VTEC

146 hedge funds and large institutions have $774M invested in Vanguard California Tax-Exempt Bond ETF in 2025 Q4 according to their latest regulatory filings, with 36 funds opening new positions, 70 increasing their positions, 10 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 10

200% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 12

20% more funds holding

Funds holding: 122 → 146 (+24)

11% more capital invested

Capital invested by funds: $698M → $774M (+$75.5M)

3.64% less ownership

Funds ownership: 54.16% → 50.52% (-3.6%)

Holders
146
Holders Change
+24
Holders Change %
+19.67%
% of All Funds
1.78%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.01%
New
36
Increased
70
Reduced
10
Closed
12
Calls
$411K
Puts
–
Net Calls
+$411K
Net Calls Change
+$411K

Top Buyers

1
Jane Street
Jane Street
New York
+$13.9M
2
EW
Evoke Wealth
California
+$6.28M
3
GC
Guggenheim Capital
Illinois
+$6.1M
4
Corient Private Wealth
Corient Private Wealth
Florida
+$5.8M
5
AFG
Altiora Financial Group
Ohio
+$5.01M

Top Sellers

1
Charles Schwab
Charles Schwab
California
-$15.6M
2
Goldman Sachs
Goldman Sachs
New York
-$2.93M
3
FTUS
Flow Traders U.S.
New York
-$1.48M
4
EC
Elequin Capital
New York
-$1.23M
5
HWP
Highline Wealth Partners
California
-$904K
Name Holding Trade Value Shares
Change 		Change in
Stake
VT
26
Vise Technologies
New York
$2.54M +$2.54M +25,380 New
RFP
27
Root Financial Partners
California
$2.54M +$327K +3,266 +15%
FPCP
28
Fort Point Capital Partners
California
$2.46M +$687K +6,853 +39%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$2.35M -$177K -1,766 -7%
FCA
30
FLC Capital Advisors
California
$2.26M +$233K +2,330 +12%
Osaic Holdings
31
Osaic Holdings
Arizona
$2.25M +$1.39M +13,860 +162%
FMN
32
Financial Management Network
California
$2.2M +$164K +1,633 +8%
BPA
33
Beacon Pointe Advisors
California
$2.12M +$1.76M +17,596 +495%
DAS
34
Diversify Advisory Services
Utah
$2M – – –
WS
35
Wedbush Securities
California
$1.88M +$501K +5,000 +36%
Mariner
36
Mariner
Kansas
$1.68M +$684K +6,822 +69%
BEW
37
Burton Enright Welch
California
$1.68M +$241K +2,401 +17%
TRCT
38
Tower Research Capital (TRC)
New York
$1.58M +$1.57M +15,713 New
DWM
39
DeLarme Wealth Management
California
$1.52M +$1.52M +15,182 New
DWM
40
Ducere Wealth Management
California
$1.51M +$1.5M +15,018 New
SW
41
SteelPeak Wealth
California
$1.47M -$326K -3,251 -18%
LWM
42
Luminvest Wealth Management
Arizona
$1.44M +$231K +2,303 +19%
SAI
43
Savvy Advisors Inc
New York
$1.39M +$1.15M +11,483 +492%
Northwestern Mutual Wealth Management
44
Northwestern Mutual Wealth Management
Wisconsin
$1.32M +$611K +6,098 +87%
EWA
45
EP Wealth Advisors
California
$1.23M +$1.23M +12,263 New
WAS
46
WESPAC Advisors SoCal
California
$1.21M +$235K +2,345 +24%
Wealth Enhancement Advisory Services
47
Wealth Enhancement Advisory Services
Minnesota
$1.19M +$219K +2,184 +23%
QCM
48
Quantinno Capital Management
New York
$1.18M +$720K +7,189 +156%
MWM
49
Meridian Wealth Management
Kentucky
$1.18M – – –
BA
50
Bridgewater Advisors
New York
$1.1M +$298K +2,971 +37%
1
2
3 4 5

VTEC Hedge Fund Activity: Q4 2025 in Review

146 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Vanguard California Tax-Exempt Bond ETF (VTEC) for Q4 2025, worth a combined $774M — up 11% from $698M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new VTEC positions and 12 closed out — a net gain of 24 holders — while 70 added to existing stakes and 10 trimmed.

The largest buyer was Jane Street, adding an estimated $13.9M. The largest seller was Charles Schwab, cutting an estimated $15.6M.

  • 146 institutional investors held Vanguard California Tax-Exempt Bond ETF (VTEC) as of Q4 2025, up from 122 in Q3 2025.
  • Funds reported $774M of Vanguard California Tax-Exempt Bond ETF stock for Q4 2025, up 11% quarter-over-quarter.
  • 36 funds opened new Vanguard California Tax-Exempt Bond ETF positions in Q4 2025 and 12 closed out, a net change of +24 holders.
  • The largest Vanguard California Tax-Exempt Bond ETF buyer in Q4 2025 was Jane Street, an estimated $13.9M added.
  • The largest Vanguard California Tax-Exempt Bond ETF seller in Q4 2025 was Charles Schwab, an estimated $15.6M sold.

Based on aggregated 13F filings for Q4 2025.