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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$45.7M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$6.61M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.45M |
| 4 |
BC
Brio Consultants
San Francisco,
California
|
+$4.42M |
| 5 |
GAM
Gotham Asset Management
New York
|
+$3.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$14.4M |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$5.34M |
| 3 |
BAG
Bridgewealth Advisory Group
Fresno,
California
|
-$1.17M |
| 4 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
-$1M |
| 5 |
DAS
Diversify Advisory Services
Sandy,
Utah
|
-$896K |
VTEC Hedge Fund Activity: Q1 2025 in Review
63 of the 7,472 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.