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Vanguard Short-Term Tax-Exempt Bond ETF
VTES

188 hedge funds and large institutions have $580M invested in Vanguard Short-Term Tax-Exempt Bond ETF in 2025 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 74 increasing their positions, 44 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

292% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 12

68% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 44

68% more capital invested

Capital invested by funds: $345M → $580M (+$234M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

21% more funds holding

Funds holding: 155 → 188 (+33)

9.66% more ownership

Funds ownership: 46.26% → 55.92% (+9.7%)

Holders
188
Holders Change
+33
Holders Change %
+21.29%
% of All Funds
2.48%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.05%
New
47
Increased
74
Reduced
44
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$123M
2
GG
Gleason Group
Kentucky
+$25.9M
3
KIM
Karpus Investment Management
New York
+$21.2M
4
Bank of America
Bank of America
North Carolina
+$6.04M
5
TWM
Topsail Wealth Management
North Carolina
+$5.12M

Top Sellers

Rank Fund Capital Flow
1
SLWA
San Luis Wealth Advisors
California
-$7.92M
2
FPAS
Focus Partners Advisor Solutions
Missouri
-$4.94M
3
Corient Private Wealth
Corient Private Wealth
Florida
-$1.92M
4
TC
TAGStone Capital
North Carolina
-$1.13M
5
PP
PrairieView Partners
Minnesota
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$3.53M -$48.5K -484 -1%
EA
27
Eclectic Associates
California
$3.42M +$952K +9,506 +39%
Brown Advisory
28
Brown Advisory
Maryland
$3.4M -$599K -5,982 -15%
BPA
29
Beacon Pointe Advisors
California
$3.36M +$2.97M +29,690 +820%
UBS Group
30
UBS Group
Switzerland
$3.35M +$2.66M +26,549 +401%
HP
31
Haven Private
Florida
$3.13M +$3.11M +31,015 New
Osaic Holdings
32
Osaic Holdings
Arizona
$3.07M +$864K +8,626 +40%
PP
33
PrairieView Partners
Minnesota
$2.98M -$1.13M -11,296 -28%
SFP
34
Sterling Financial Planning
New Jersey
$2.96M +$90.4K +902 +3%
DWM
35
Dakota Wealth Management
Florida
$2.95M +$1.3M +13,000 +80%
BWA
36
BlueChip Wealth Advisors
Georgia
$2.86M +$1.5M +14,983 +112%
LPL Financial
37
LPL Financial
California
$2.85M +$711K +7,095 +34%
Financial Engines Advisors
38
Financial Engines Advisors
California
$2.7M -$165K -1,644 -6%
GPW
39
Genesis Private Wealth
Virginia
$2.7M +$259K +2,584 +11%
PCM
40
Passive Capital Management
Maryland
$2.63M +$95.9K +957 +4%
Truist Financial
41
Truist Financial
North Carolina
$2.63M +$2.2M +22,010 +546%
BB
42
Berkshire Bank
Massachusetts
$2.53M +$742K +7,408 +42%
AI
43
Atria Investments
North Carolina
$2.52M +$279K +2,786 +13%
EAM
44
Evanson Asset Management
California
$2.51M +$8.62K +86 +0.3%
BWM
45
Brown Wealth Management
Illinois
$2.42M +$2.13M +21,305 +806%
G
46
GenTrust
Florida
$2.38M -$1.06M -10,580 -31%
BEW
47
Burton Enright Welch
California
$2.33M -$976K -9,748 -30%
APC
48
Aspire Private Capital
North Carolina
$2.2M +$982K +9,805 +82%
Jones Financial Companies
49
Jones Financial Companies
Missouri
$2.2M +$1.22M +12,148 +126%
EC
50
Elequin Capital
New York
$2.19M +$2.13M +21,241 +4,231%
1
2
3 4 5

VTES Hedge Fund Activity: Q2 2025 in Review

188 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Vanguard Short-Term Tax-Exempt Bond ETF (VTES) for Q2 2025, worth a combined $580M — up 68% from $345M a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new VTES positions and 12 closed out — a net gain of 35 holders — while 74 added to existing stakes and 44 trimmed.

The largest buyer was Mercer Global Advisors, adding an estimated $123M. The largest seller was San Luis Wealth Advisors, cutting an estimated $7.92M.

  • 188 institutional investors held Vanguard Short-Term Tax-Exempt Bond ETF (VTES) as of Q2 2025, up from 155 in Q1 2025.
  • Funds reported $580M of Vanguard Short-Term Tax-Exempt Bond ETF stock for Q2 2025, up 68% quarter-over-quarter.
  • 47 funds opened new Vanguard Short-Term Tax-Exempt Bond ETF positions in Q2 2025 and 12 closed out, a net change of +35 holders.
  • The largest Vanguard Short-Term Tax-Exempt Bond ETF buyer in Q2 2025 was Mercer Global Advisors, an estimated $123M added.
  • The largest Vanguard Short-Term Tax-Exempt Bond ETF seller in Q2 2025 was San Luis Wealth Advisors, an estimated $7.92M sold.

Based on aggregated 13F filings for Q2 2025.