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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mercer Global Advisors
Denver,
Colorado
|
+$123M |
| 2 |
GG
Gleason Group
Prospect,
Kentucky
|
+$25.9M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$21.2M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$6.04M |
| 5 |
TWM
Topsail Wealth Management
Charlotte,
North Carolina
|
+$5.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SLWA
San Luis Wealth Advisors
San Luis Obispo,
California
|
-$7.92M |
| 2 |
FPAS
Focus Partners Advisor Solutions
Saint Louis,
Missouri
|
-$4.94M |
| 3 |
Corient Private Wealth
Miami,
Florida
|
-$1.92M |
| 4 |
TC
TAGStone Capital
Charlotte,
North Carolina
|
-$1.13M |
| 5 |
PP
PrairieView Partners
St. Paul,
Minnesota
|
-$1.13M |
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.