Vanguard California Tax-Exempt Bond ETF
VTEC
80 hedge funds and large institutions have $539M invested in Vanguard California Tax-Exempt Bond ETF in 2025 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 31 increasing their positions, 8 reducing their positions, and 10 closing their positions.
288% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 8
170% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 10
72% more capital invested
Capital invested by funds: $313M → $539M (+$226M)
27% more funds holding
Funds holding: 63 → 80 (+17)
2.63% more ownership
Funds ownership: 53.02% → 55.65% (+2.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$157M |
| 2 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$21.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$13.8M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.63M |
| 5 |
LPL Financial
San Diego,
California
|
+$5.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PA
PFG Advisors
Phoenix,
Arizona
|
-$3.9M |
| 2 |
Jane Street
New York
|
-$3.83M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.7M |
| 4 |
EC
Elequin Capital
New York
|
-$2.17M |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$1.39M |
VTEC Hedge Fund Activity: Q2 2025 in Review
80 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Vanguard California Tax-Exempt Bond ETF (VTEC) for Q2 2025, worth a combined $539M — up 72% from $313M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new VTEC positions and 10 closed out — a net gain of 17 holders — while 31 added to existing stakes and 8 trimmed.
The largest buyer was Charles Schwab, adding an estimated $157M. The largest seller was PFG Advisors, exiting entirely with an estimated $3.9M sold.
- 80 institutional investors held Vanguard California Tax-Exempt Bond ETF (VTEC) as of Q2 2025, up from 63 in Q1 2025.
- Funds reported $539M of Vanguard California Tax-Exempt Bond ETF stock for Q2 2025, up 72% quarter-over-quarter.
- 27 funds opened new Vanguard California Tax-Exempt Bond ETF positions in Q2 2025 and 10 closed out, a net change of +17 holders.
- The largest Vanguard California Tax-Exempt Bond ETF buyer in Q2 2025 was Charles Schwab, an estimated $157M added.
- The largest Vanguard California Tax-Exempt Bond ETF seller in Q2 2025 was PFG Advisors, an estimated $3.9M sold.
Based on aggregated 13F filings for Q2 2025.