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Vanguard Short-Term Tax-Exempt Bond ETF
VTES

206 hedge funds and large institutions have $680M invested in Vanguard Short-Term Tax-Exempt Bond ETF in 2025 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 97 increasing their positions, 44 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 12

120% more repeat investments, than reductions

Existing positions increased: 97 | Existing positions reduced: 44

17% more capital invested

Capital invested by funds: $580M → $680M (+$101M)

10% more funds holding

Funds holding: 188 → 206 (+18)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

4.84% less ownership

Funds ownership: 55.92% → 51.08% (-4.8%)

Holders
206
Holders Change
+18
Holders Change %
+9.57%
% of All Funds
2.7%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
32
Increased
97
Reduced
44
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
TIAA Trust, National Association
TIAA Trust, National Association
North Carolina
+$25.4M
2
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$11.4M
3
KIM
Karpus Investment Management
New York
+$6.92M
4
Raymond James Financial
Raymond James Financial
Florida
+$6.08M
5
BB
Berkshire Bank
Massachusetts
+$5.82M

Top Sellers

1
Jane Street
Jane Street
New York
-$9.09M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$3.34M
3
SLWA
San Luis Wealth Advisors
California
-$1.57M
4
AAP
Arax Advisory Partners
Colorado
-$1.24M
5
BFM
Boothbay Fund Management
New York
-$934K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
26
LPL Financial
California
$4.18M +$1.3M +12,782 +45%
AFG
27
Altiora Financial Group
Ohio
$4.15M +$193K +1,900 +5%
TWA
28
TCI Wealth Advisors
Arizona
$4.03M +$4.01M +39,500 New
EA
29
Eclectic Associates
California
$3.98M +$518K +5,098 +15%
UBS Group
30
UBS Group
Switzerland
$3.93M +$552K +5,439 +16%
CFD
31
Creative Financial Designs
Indiana
$3.83M -$83.6K -823 -2%
FPAS
32
Focus Partners Advisor Solutions
Missouri
$3.79M +$3.78M +37,212 New
Osaic Holdings
33
Osaic Holdings
Arizona
$3.76M +$668K +6,577 +22%
DWM
34
Dakota Wealth Management
Florida
$3.56M +$584K +5,750 +20%
Financial Engines Advisors
35
Financial Engines Advisors
California
$3.45M +$722K +7,110 +27%
ATPW
36
Ashton Thomas Private Wealth
Arizona
$3.4M -$231K -2,278 -6%
Brown Advisory
37
Brown Advisory
Maryland
$3.28M -$156K -1,536 -5%
HP
38
Haven Private
Florida
$3.25M +$92.9K +915 +3%
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$3.19M -$376K -3,703 -11%
ML
40
Mayport LLC
Massachusetts
$3.11M +$997K +9,820 +48%
GPW
41
Genesis Private Wealth
Virginia
$3.08M +$356K +3,505 +13%
SFP
42
Sterling Financial Planning
New Jersey
$3.07M +$83.1K +818 +3%
APC
43
Aspire Private Capital
North Carolina
$2.8M +$583K +5,739 +26%
BWA
44
BlueChip Wealth Advisors
Georgia
$2.7M -$188K -1,854 -7%
AI
45
Atria Investments
North Carolina
$2.67M +$131K +1,291 +5%
PAG
46
Private Advisor Group
New Jersey
$2.67M +$1.19M +11,681 +80%
EAM
47
Evanson Asset Management
California
$2.63M +$90.2K +888 +4%
Goldman Sachs
48
Goldman Sachs
New York
$2.45M +$566K +5,572 +30%
BEW
49
Burton Enright Welch
California
$2.38M +$28.2K +278 +1%
BWM
50
Brown Wealth Management
Illinois
$2.31M -$127K -1,252 -5%
1
2
3 4 5

VTES Hedge Fund Activity: Q3 2025 in Review

206 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Vanguard Short-Term Tax-Exempt Bond ETF (VTES) for Q3 2025, worth a combined $680M — up 17% from $580M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new VTES positions and 12 closed out — a net gain of 20 holders — while 97 added to existing stakes and 44 trimmed.

The largest buyer was TIAA Trust, National Association, opening a new position worth an estimated $25.4M. The largest seller was Jane Street, exiting entirely with an estimated $9.09M sold.

  • 206 institutional investors held Vanguard Short-Term Tax-Exempt Bond ETF (VTES) as of Q3 2025, up from 188 in Q2 2025.
  • Funds reported $680M of Vanguard Short-Term Tax-Exempt Bond ETF stock for Q3 2025, up 17% quarter-over-quarter.
  • 32 funds opened new Vanguard Short-Term Tax-Exempt Bond ETF positions in Q3 2025 and 12 closed out, a net change of +20 holders.
  • The largest Vanguard Short-Term Tax-Exempt Bond ETF buyer in Q3 2025 was TIAA Trust, National Association, an estimated $25.4M added.
  • The largest Vanguard Short-Term Tax-Exempt Bond ETF seller in Q3 2025 was Jane Street, an estimated $9.09M sold.

Based on aggregated 13F filings for Q3 2025.