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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
KPWS
151
Kestra Private Wealth Services
Texas
$302K -$791K -7,790 -72%
AF
152
Allworth Financial
California
$301K +$25.7K +253 +9%
MF
153
Midwestern Financial
Iowa
$300K +$2.13K +21 +0.7%
HNWAG
154
High Net Worth Advisory Group
Florida
$291K +$289K +2,851 New
MPW
155
Magnolia Private Wealth
Pennsylvania
$286K -$138K -1,361 -33%
RFP
156
Root Financial Partners
California
$286K – – –
SA
157
Sanctuary Advisors
Indiana
$285K +$284K +2,792 New
VFG
158
Valley Financial Group
Pennsylvania
$280K +$55.1K +543 +25%
WJA
159
Willis Johnson & Associates
Texas
$271K -$47.9K -472 -15%
MGIA
160
Moneta Group Investment Advisors
Missouri
$271K +$270K +2,655 New
WKWM
161
Walter & Keenan Wealth Management
Indiana
$270K -$10.2K -100 -4%
HH
162
Hilltop Holdings
Texas
$268K -$11.2K -110 -4%
LPP
163
Life Planning Partners
Florida
$265K +$264K +2,603 New
MWS
164
MFA Wealth Services
California
$264K +$263K +2,592 New
ESB
165
Essex Savings Bank
Connecticut
$254K – – –
QCM
166
Quantinno Capital Management
New York
$251K +$250K +2,459 New
RDFA
167
Ritter Daniher Financial Advisory
Ohio
$250K – – –
LWM
168
Lodestone Wealth Management
Washington
$250K – – –
FAFN
169
First Affirmative Financial Network
Colorado
$245K +$244K +2,402 New
RPGK
170
Retirement Planning Group (Kansas)
Kansas
$242K +$241K +2,377 New
FGA
171
Fortis Group Advisors
New Jersey
$239K +$22.1K +218 +10%
EFS
172
Essex Financial Services
Connecticut
$239K -$160K -1,580 -40%
CA
173
CGN Advisors
Kansas
$236K +$235K +2,311 New
LFA
174
Level Financial Advisors
New York
$234K – – –
SFA
175
Sequoia Financial Advisors
Ohio
$232K +$231K +2,277 New
5 6
7
8 9

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.