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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
Mariner
151
Mariner
Kansas
$273K +$271K +2,702 New
BWP
152
Burling Wealth Partners
Illinois
$271K +$269K +2,689 New
SWM
153
SigFig Wealth Management
California
$271K +$269K +2,681 New
ESB
154
Essex Savings Bank
Connecticut
$251K – – –
RDFA
155
Ritter Daniher Financial Advisory
Ohio
$247K – – –
LWM
156
Lodestone Wealth Management
Washington
$247K +$245K +2,450 New
LFA
157
Level Financial Advisors
New York
$231K – – –
BFO
158
Boston Family Office
Massachusetts
$227K +$225K +2,250 New
CWG
159
Cornerstone Wealth Group
North Carolina
$227K +$225K +2,249 New
First Manhattan
160
First Manhattan
New York
$226K +$224K +2,240 New
VFG
161
Valley Financial Group
Pennsylvania
$222K – – –
RWM
162
Rialto Wealth Management
New York
$221K +$2.4K +24 +1%
FGA
163
Fortis Group Advisors
New Jersey
$216K +$214K +2,132 New
APC
164
Asset Planning Corporation
Tennessee
$215K +$214K +2,133 New
SCM
165
SCS Capital Management
Massachusetts
$210K -$69.3K -692 -25%
PP
166
PDS Planning
Ohio
$205K +$204K +2,035 New
BA
167
Bristlecone Advisors
Washington
$202K +$200K +2,001 New
BAM
168
BOS Asset Management
Illinois
$201K +$199K +1,990 New
HI
169
Harbour Investments
Wisconsin
$170K +$48.9K +488 +41%
VWM
170
Vermillion Wealth Management
Minnesota
$156K +$1.1K +11 +0.7%
AWM
171
Accredited Wealth Management
Kentucky
$135K -$2.5K -25 -2%
CIBC Private Wealth Group
172
CIBC Private Wealth Group
Georgia
$131K +$110K +1,098 +549%
PWA
173
Principia Wealth Advisory
Texas
$95K – – –
CMBA
174
C.M. Bidwell & Associates
Hawaii
$94.1K +$51K +509 +120%
HDIM
175
Hanson & Doremus Investment Management
Vermont
$83K +$82.2K +821 New
5 6
7
8 9

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.