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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
PWA
201
Physician Wealth Advisors
Utah
$38.4K +$1.73K +17 +5%
RF
202
Rossby Financial
Florida
$32.8K +$32.7K +322 New
ANBT
203
American National Bank & Trust
Texas
$30.6K +$8.12K +80 +36%
MCM
204
MAI Capital Management
Ohio
$30.5K – – –
IA
205
IFP Advisors
Florida
$26.1K +$102 +1 +0.4%
SPIA
206
Steward Partners Investment Advisory
New York
$20.4K +$20.3K +200 New
AAS
207
Ameritas Advisory Services
Nebraska
$5.2K – – –
Jane Street
208
Jane Street
New York
– -$9.09M -90,085 Closed
SLWA
209
San Luis Wealth Advisors
California
– -$1.57M -15,548 Closed
AAP
210
Arax Advisory Partners
Colorado
– -$1.24M -12,273 Closed
BFM
211
Boothbay Fund Management
New York
– -$934K -9,250 Closed
SNWA
212
Siligmueller & Norvid Wealth Advisors
Illinois
– -$875K -8,665 Closed
FTUS
213
Flow Traders U.S.
New York
– -$371K -3,680 Closed
BCI
214
Brinker Capital Investments
Pennsylvania
– -$292K -2,892 Closed
First Manhattan
215
First Manhattan
New York
– -$226K -2,240 Closed
RWM
216
Rialto Wealth Management
New York
– -$221K -2,194 Closed
SCM
217
SCS Capital Management
Massachusetts
– -$210K -2,080 Closed
GC
218
Garde Capital
Washington
– -$40.9K -405 Closed
CF
219
Conquis Financial
California
– -$12.3K -122 Closed
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.