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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
Charles Schwab
1
Charles Schwab
California
$223M +$45.7M +460,429 +26%
CAPTRUST Financial Advisors
2
CAPTRUST Financial Advisors
North Carolina
$11.4M +$6.61M +66,549 +136%
Bank of America
3
Bank of America
North Carolina
$7.54M +$4.45M +44,804 +141%
WPC
4
Wedmont Private Capital
Pennsylvania
$6.44M +$1.19M +11,935 +22%
BC
5
Brio Consultants
California
$5.21M +$4.42M +44,472 +526%
Jane Street
6
Jane Street
New York
$4.73M -$14.4M -144,566 -75%
PA
7
PFG Advisors
Arizona
$3.9M +$1.3M +13,126 +49%
GAM
8
Gotham Asset Management
New York
$3.9M +$3.93M +39,612 New
EA
9
Eclectic Associates
California
$3.35M +$1.86M +18,744 +123%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$2.91M +$2.39M +24,096 +438%
FMN
11
Financial Management Network
California
$2.8M -$321K -3,229 -10%
SW
12
SteelPeak Wealth
California
$2.7M – – –
EC
13
Elequin Capital
New York
$2.17M +$209K +2,105 +11%
EW
14
Evoke Wealth
California
$2.07M +$1.78M +17,972 +595%
FCA
15
FLC Capital Advisors
California
$2.05M +$305K +3,067 +17%
Raymond James Financial
16
Raymond James Financial
Florida
$1.85M +$285K +2,869 +18%
Commonwealth Equity Services
17
Commonwealth Equity Services
Massachusetts
$1.75M +$160K +1,610 +10%
BOC
18
Blue Oak Capital
California
$1.74M +$1.75M +17,665 New
JP Morgan Chase
19
JP Morgan Chase
New York
$1.73M +$1.75M +17,605 New
FPCP
20
Fort Point Capital Partners
California
$1.72M +$8.64K +87 +0.5%
Creative Planning
21
Creative Planning
Kansas
$1.57M +$31.6K +318 +2%
CIA
22
Concurrent Investment Advisors
Florida
$1.39M +$1.41M +14,147 New
OMC
23
Old Mission Capital
Illinois
$1.39M -$5.34M -53,770 -79%
WS
24
Wedbush Securities
California
$1.33M – – –
Jones Financial Companies
25
Jones Financial Companies
Missouri
$1M +$654K +6,581 +183%
1
2 3

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.