Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI
142 hedge funds and large institutions have $604M invested in Vanguard Intermediate-Term Tax-Exempt Bond ETF in 2025 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 71 increasing their positions, 16 reducing their positions, and 6 closing their positions.
567% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 6
344% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 16
30% more funds holding
Funds holding: 109 → 142 (+33)
11% more capital invested
Capital invested by funds: $542M → $604M (+$61.8M)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
5.08% less ownership
Funds ownership: 61.59% → 56.51% (-5.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
+$12.6M |
| 2 |
MFG
Merit Financial Group
Alpharetta,
Georgia
|
+$6.02M |
| 3 |
AC
Apella Capital
West Hartford,
Connecticut
|
+$5.24M |
| 4 |
SAM
S.A. Mason
Holland,
Michigan
|
+$3.88M |
| 5 |
P
&Partners
Nashville,
Tennessee
|
+$3.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Raymond James Financial
St Petersburg,
Florida
|
-$8.39M |
| 2 |
PPWM
PFG Private Wealth Management
Lutz,
Florida
|
-$1.93M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.43M |
| 4 |
Jane Street
New York
|
-$1.36M |
| 5 |
WTC
WhitTier Trust Company
Reno,
Nevada
|
-$936K |
VTEI Hedge Fund Activity: Q4 2025 in Review
142 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) for Q4 2025, worth a combined $604M — up 11% from $542M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new VTEI positions and 6 closed out — a net gain of 34 holders — while 71 added to existing stakes and 16 trimmed.
The largest buyer was TIAA Trust, National Association, adding an estimated $12.6M. The largest seller was Raymond James Financial, cutting an estimated $8.39M.
- 142 institutional investors held Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) as of Q4 2025, up from 109 in Q3 2025.
- Funds reported $604M of Vanguard Intermediate-Term Tax-Exempt Bond ETF stock for Q4 2025, up 11% quarter-over-quarter.
- 40 funds opened new Vanguard Intermediate-Term Tax-Exempt Bond ETF positions in Q4 2025 and 6 closed out, a net change of +34 holders.
- The largest Vanguard Intermediate-Term Tax-Exempt Bond ETF buyer in Q4 2025 was TIAA Trust, National Association, an estimated $12.6M added.
- The largest Vanguard Intermediate-Term Tax-Exempt Bond ETF seller in Q4 2025 was Raymond James Financial, an estimated $8.39M sold.
Based on aggregated 13F filings for Q4 2025.