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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
GWA
51
Geometric Wealth Advisors
District of Columbia
$1.07M +$11.4K +114 +1%
ASG
52
Ariston Services Group
California
$976K +$300K +2,998 +45%
SHGA
53
Sand Hill Global Advisors
California
$969K +$5.21K +52 +0.5%
CPW
54
Catalyst Private Wealth
California
$949K +$694K +6,921 +272%
JIC
55
Joel Isaacson & Co
New York
$936K +$401K +4,003 +75%
AQR Capital Management
56
AQR Capital Management
Connecticut
$931K – – –
AC
57
Apella Capital
Connecticut
$902K +$463K +4,623 +106%
NBWM
58
North Berkeley Wealth Management
California
$834K – – –
IFG
59
Independent Financial Group
California
$829K – – –
VA
60
Valmark Advisers
Ohio
$784K – – –
Royal Bank of Canada
61
Royal Bank of Canada
Ontario, Canada
$741K +$400K +3,995 +117%
Vanguard Group
62
Vanguard Group
Pennsylvania
$704K – – –
AAS
63
Ameritas Advisory Services
Nebraska
$685K +$556K +5,548 +433%
OC
64
Oppenheimer & Co
New York
$681K – – –
VST
65
Van Strum & Towne
California
$642K +$641K +6,400 New
BRPW
66
Ballast Rock Private Wealth
South Carolina
$619K +$619K +6,177 New
SM
67
Sweeney & Michel
California
$618K +$2.31K +23 +0.4%
RPGK
68
Retirement Planning Group (Kansas)
Kansas
$609K +$1.2K +12 +0.2%
KWS
69
Keystone Wealth Services
California
$569K +$4.41K +44 +0.8%
MAWA
70
Moss Adams Wealth Advisors
Washington
$554K +$553K +5,521 New
Cerity Partners
71
Cerity Partners
New York
$515K -$237K -2,363 -32%
ACP
72
Argyle Capital Partners
California
$501K – – –
JWCA
73
J.W. Cole Advisors
Florida
$501K – – –
Envestnet Asset Management
74
Envestnet Asset Management
Illinois
$490K +$268K +2,679 +121%
SSW
75
Stone Summit Wealth
Florida
$479K +$479K +4,782 New
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.