Vanguard California Tax-Exempt Bond ETF
VTEC
148 hedge funds and large institutions have $770M invested in Vanguard California Tax-Exempt Bond ETF in 2025 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 70 increasing their positions, 10 reducing their positions, and 12 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 10
217% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 12
21% more funds holding
Funds holding: 122 → 148 (+26)
10% more capital invested
Capital invested by funds: $698M → $770M (+$71.4M)
3.9% less ownership
Funds ownership: 54.16% → 50.26% (-3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$13.9M |
| 2 |
EW
Evoke Wealth
Los Angeles,
California
|
+$6.28M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$6.1M |
| 4 |
AFG
Altiora Financial Group
Lebanon,
Ohio
|
+$5.01M |
| 5 |
CIA
Concurrent Investment Advisors
Tampa,
Florida
|
+$4.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
-$15.6M |
| 2 |
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
Sherman Oaks,
California
|
-$904K |
VTEC Hedge Fund Activity: Q4 2025 in Review
148 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Vanguard California Tax-Exempt Bond ETF (VTEC) for Q4 2025, worth a combined $770M — up 10% from $698M a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new VTEC positions and 12 closed out — a net gain of 26 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.
- 148 institutional investors held Vanguard California Tax-Exempt Bond ETF (VTEC) as of Q4 2025, up from 122 in Q3 2025.
- Funds reported $770M of Vanguard California Tax-Exempt Bond ETF stock for Q4 2025, up 10% quarter-over-quarter.
- 38 funds opened new Vanguard California Tax-Exempt Bond ETF positions in Q4 2025 and 12 closed out, a net change of +26 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.