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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
FFG
76
Fiduciary Financial Group
California
$468K +$67.5K +674 +17%
EFP
77
Elser Financial Planning
Indiana
$461K -$18K -180 -4%
IC
78
IEQ Capital
California
$461K – – –
NF
79
NavPoint Financial
Minnesota
$458K +$134K +1,335 +41%
HIF
80
Hill Island Financial
Michigan
$429K +$429K +4,278 New
TA
81
TPG Advisors
Illinois
$402K – – –
IIA
82
Integral Investment Advisors
California
$386K +$95.2K +950 +33%
PA
83
Pinnacle Associates
New York
$381K +$101K +1,005 +36%
PWMAG
84
Pinnacle Wealth Management Advisory Group
New Jersey
$381K +$101K +1,005 +36%
BCA
85
Bay Colony Advisors
Massachusetts
$373K +$372K +3,716 New
WANY
86
Wealthspire Advisors (New York)
New York
$372K +$301 +3 +0.1%
SL
87
Summitry LLC
California
$354K – – –
IIA
88
Integrity Investment Advisors
Colorado
$352K +$352K +3,509 New
NA
89
Nautilus Advisors
California
$346K -$52.8K -527 -13%
Fidelity Investments
90
Fidelity Investments
Massachusetts
$345K +$345K +3,443 New
WAM
91
Weatherly Asset Management
California
$344K +$344K +3,432 New
KFS
92
Kaizen Financial Strategies
California
$337K +$55.8K +557 +20%
TWM
93
Tolleson Wealth Management
Texas
$331K – – –
CF
94
Centaurus Financial
California
$313K +$313K +3,120 New
HWMG
95
Hurlow Wealth Management Group
Indiana
$312K +$9.92K +99 +3%
CC
96
Climber Capital
Switzerland
$311K +$312K +3,110 New
PAG
97
Private Advisor Group
New Jersey
$305K +$25.7K +256 +9%
BCM
98
Blume Capital Management
California
$301K – – –
IAIM
99
International Assets Investment Management
Florida
$301K +$301K +3,000 New
SFA
100
Sequoia Financial Advisors
Ohio
$294K – – –
2 3
4
5 6

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.