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Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI

109 hedge funds and large institutions have $542M invested in Vanguard Intermediate-Term Tax-Exempt Bond ETF in 2025 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 48 increasing their positions, 12 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 12

209% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 11

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

87% more capital invested

Capital invested by funds: $290M → $542M (+$253M)

25% more funds holding

Funds holding: 87 → 109 (+22)

11.13% more ownership

Funds ownership: 50.46% → 61.59% (+11%)

Holders
109
Holders Change
+22
Holders Change %
+25.29%
% of All Funds
1.43%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
34
Increased
48
Reduced
12
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
UA
Unison Advisors
District of Columbia
+$156M
2
TIAA Trust, National Association
TIAA Trust, National Association
North Carolina
+$27.5M
3
SI
Seeds Investor
New York
+$15.9M
4
Raymond James Financial
Raymond James Financial
Florida
+$8.86M
5
Bank of America
Bank of America
North Carolina
+$4.07M

Top Sellers

1
OMC
Old Mission Capital
Illinois
-$2.24M
2
Jane Street
Jane Street
New York
-$2.07M
3
AQR Capital Management
AQR Capital Management
Connecticut
-$1.12M
4
PCMC
Paragon Capital Management (Colorado)
Colorado
-$586K
5
MCCA
Mill Creek Capital Advisors
Pennsylvania
-$565K
Name Holding Trade Value Shares
Change 		Change in
Stake
RTL
101
Red Tortoise LLC
Georgia
$110K +$109K +1,097 New
DPW
102
DiNuzzo Private Wealth
Pennsylvania
$72.1K – – –
NSIM
103
North Star Investment Management
Illinois
$57.7K +$56.9K +575 New
GK
104
Graney & King
New York
$50.2K +$396 +4 +0.8%
PNC Financial Services Group
105
PNC Financial Services Group
Pennsylvania
$40.8K +$40.3K +407 New
TC
106
Trust Company
Kansas
$35.3K +$34.8K +352 New
ANBT
107
American National Bank & Trust
Texas
$30.8K +$8.11K +82 +36%
SWM
108
Spire Wealth Management
Virginia
$23.1K – – –
Fidelity Investments
109
Fidelity Investments
Massachusetts
$3.81K +$3.76K +38 New
Wells Fargo
110
Wells Fargo
California
$47 -$5.94K -60 Closed
OMC
111
Old Mission Capital
Illinois
– -$2.24M -22,764 Closed
MCCA
112
Mill Creek Capital Advisors
Pennsylvania
– -$565K -5,734 Closed
Brown Advisory
113
Brown Advisory
Maryland
– -$493K -5,000 Closed
FPCP
114
Fort Point Capital Partners
California
– -$420K -4,258 Closed
FLPIM
115
F.L. Putnam Investment Management
Massachusetts
– -$391K -3,968 Closed
NRC
116
New Republic Capital
North Carolina
– -$341K -3,460 Closed
HF
117
HRT Financial
New York
– -$321K -3,260 Closed
Susquehanna International Group
118
Susquehanna International Group
Pennsylvania
– -$311K -3,151 Closed
AWM
119
Aberdeen Wealth Management
Illinois
– -$200K -2,033 Closed
Morgan Stanley
120
Morgan Stanley
New York
– -$105 -1 Closed
1 2 3 4
5

VTEI Hedge Fund Activity: Q3 2025 in Review

109 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) for Q3 2025, worth a combined $542M — up 87% from $290M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new VTEI positions and 11 closed out — a net gain of 23 holders — while 48 added to existing stakes and 12 trimmed.

The largest buyer was Unison Advisors, adding an estimated $156M. The largest seller was Old Mission Capital, exiting entirely with an estimated $2.24M sold.

  • 109 institutional investors held Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) as of Q3 2025, up from 87 in Q2 2025.
  • Funds reported $542M of Vanguard Intermediate-Term Tax-Exempt Bond ETF stock for Q3 2025, up 87% quarter-over-quarter.
  • 34 funds opened new Vanguard Intermediate-Term Tax-Exempt Bond ETF positions in Q3 2025 and 11 closed out, a net change of +23 holders.
  • The largest Vanguard Intermediate-Term Tax-Exempt Bond ETF buyer in Q3 2025 was Unison Advisors, an estimated $156M added.
  • The largest Vanguard Intermediate-Term Tax-Exempt Bond ETF seller in Q3 2025 was Old Mission Capital, an estimated $2.24M sold.

Based on aggregated 13F filings for Q3 2025.