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Vanguard California Tax-Exempt Bond ETF
VTEC

63 hedge funds and large institutions have $313M invested in Vanguard California Tax-Exempt Bond ETF in 2025 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 25 increasing their positions, 5 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 5

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

21% more capital invested

Capital invested by funds: $258M → $313M (+$54.7M)

7% more funds holding

Funds holding: 59 → 63 (+4)

4.09% more ownership

Funds ownership: 48.93% → 53.02% (+4.1%)

Holders
63
Holders Change
+4
Holders Change %
+6.78%
% of All Funds
0.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
25
Reduced
5
Closed
11
Calls
$9K
Puts
–
Net Calls
+$9K
Net Calls Change
+$9K

Top Buyers

1
Charles Schwab
Charles Schwab
California
+$45.7M
2
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$6.61M
3
Bank of America
Bank of America
North Carolina
+$4.45M
4
BC
Brio Consultants
California
+$4.42M
5
GAM
Gotham Asset Management
New York
+$3.93M

Top Sellers

1
Jane Street
Jane Street
New York
-$14.4M
2
OMC
Old Mission Capital
Illinois
-$5.34M
3
BAG
Bridgewealth Advisory Group
California
-$1.17M
4
BPA
Beacon Pointe Advisors
California
-$1M
5
DAS
Diversify Advisory Services
Utah
-$896K
Name Holding Trade Value Shares
Change 		Change in
Stake
EFN
51
Equita Financial Network
Pennsylvania
$234K +$236K +2,373 New
CAG
52
Compass Advisory Group
New York
$221K – – –
Osaic Holdings
53
Osaic Holdings
Arizona
$213K +$199 +2 +0.1%
Cetera Investment Advisers
54
Cetera Investment Advisers
Illinois
$210K +$212K +2,137 New
RWA
55
Roberts Wealth Advisors
California
$206K +$208K +2,090 New
BIA
56
Bell Investment Advisors
California
$127K +$118K +1,186 +1,174%
LFG
57
Larson Financial Group
Missouri
$98.4K – – –
GSWM
58
Golden State Wealth Management
California
$49.7K – – –
AFG
59
Albion Financial Group
Utah
$41.8K – – –
CFO
60
CVA Family Office
Colorado
$32.9K – – –
EWA
61
EverSource Wealth Advisors
Alabama
$24.7K +$24.9K +251 New
SWM
62
Spire Wealth Management
Virginia
$1.97K – – –
AF
63
Allworth Financial
California
$97 – – –
BAG
64
Bridgewealth Advisory Group
California
– -$1.17M -11,787 Closed
BPA
65
Beacon Pointe Advisors
California
– -$1M -10,072 Closed
DAS
66
Diversify Advisory Services
Utah
– -$896K -9,063 Closed
JIC
67
Joel Isaacson & Co
New York
– -$715K -7,178 Closed
Susquehanna International Group
68
Susquehanna International Group
Pennsylvania
– -$499K -5,015 Closed
Citadel Advisors
69
Citadel Advisors
Florida
– -$424K -4,261 Closed
LWM
70
Luminvest Wealth Management
Arizona
– -$370K -3,717 Closed
AAS
71
Ameritas Advisory Services
Nebraska
– -$249K -2,500 Closed
MGIA
72
Moneta Group Investment Advisors
Missouri
– -$227K -2,284 Closed
JFG
73
JDM Financial Group
Texas
– -$121K -1,216 Closed
Morgan Stanley
74
Morgan Stanley
New York
– -$3.29K -33 Closed
1 2
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VTEC Hedge Fund Activity: Q1 2025 in Review

63 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Vanguard California Tax-Exempt Bond ETF (VTEC) for Q1 2025, worth a combined $313M — up 21% from $258M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new VTEC positions and 11 closed out — a net gain of 4 holders — while 25 added to existing stakes and 5 trimmed.

The largest buyer was Charles Schwab, adding an estimated $45.7M. The largest seller was Jane Street, cutting an estimated $14.4M.

  • 63 institutional investors held Vanguard California Tax-Exempt Bond ETF (VTEC) as of Q1 2025, up from 59 in Q4 2024.
  • Funds reported $313M of Vanguard California Tax-Exempt Bond ETF stock for Q1 2025, up 21% quarter-over-quarter.
  • 15 funds opened new Vanguard California Tax-Exempt Bond ETF positions in Q1 2025 and 11 closed out, a net change of +4 holders.
  • The largest Vanguard California Tax-Exempt Bond ETF buyer in Q1 2025 was Charles Schwab, an estimated $45.7M added.
  • The largest Vanguard California Tax-Exempt Bond ETF seller in Q1 2025 was Jane Street, an estimated $14.4M sold.

Based on aggregated 13F filings for Q1 2025.