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Vanguard Short-Term Tax-Exempt Bond ETF

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: 188206 (+18)

0% more funds holding in top 10

Funds holding in top 10: 44 (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
Name Holding Trade Value Shares
Change
Change in
Stake
Mercer Global Advisors
1
Mercer Global Advisors
Colorado
$140M +$11.4M +111,927 +9%
WFAG
2
Wescott Financial Advisory Group
Pennsylvania
$64.8M -$93.5K -921 -0.1%
GG
3
Gleason Group
Kentucky
$31M -$161K -1,585 -0.5%
KIM
4
Karpus Investment Management
New York
$30.6M +$6.92M +68,150 +29%
Bank of America
5
Bank of America
North Carolina
$26.5M +$4M +39,355 +18%
TIAA Trust, National Association
6
TIAA Trust, National Association
North Carolina
$25.5M +$25.4M +249,968 New
SI
7
Seeds Investor
New York
$18.6M +$1.75M +17,241 +10%
Corient Private Wealth
8
Corient Private Wealth
Florida
$16.7M +$143K +1,409 +0.9%
Raymond James Financial
9
Raymond James Financial
Florida
$14.5M +$6.08M +59,864 +73%
Cetera Investment Advisers
10
Cetera Investment Advisers
Illinois
$12M +$1.49M +14,674 +14%
BHWM
11
Beaird Harris Wealth Management
Texas
$11M +$267K +2,631 +2%
Wells Fargo
12
Wells Fargo
California
$10.5M +$2.77M +27,272 +36%
Wealth Enhancement Advisory Services
13
Wealth Enhancement Advisory Services
Minnesota
$9.76M -$419K -4,124 -4%
SC
14
Savant Capital
Illinois
$9.59M +$5.45M +53,640 +132%
SCA
15
Stonebridge Capital Advisors
Minnesota
$8.65M +$507K +4,996 +6%
BPA
16
Beacon Pointe Advisors
California
$8.44M +$5.03M +49,534 +149%
BB
17
Berkshire Bank
Massachusetts
$8.4M +$5.82M +57,312 +228%
CISOA
18
Capital Investment Services of America
Wisconsin
$7.78M -$10.2K -100 -0.1%
HFS
19
Hughes Financial Services
Virginia
$7.2M +$259K +2,550 +4%
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$6.51M -$146K -1,442 -2%
TWM
21
Topsail Wealth Management
North Carolina
$5.21M +$203 +2 +0%
MPW
22
MGO Private Wealth
California
$5.15M +$623K +6,137 +14%
FCM
23
Firestone Capital Management
Florida
$4.85M +$482K +4,750 +11%
Truist Financial
24
Truist Financial
North Carolina
$4.45M +$1.79M +17,597 +68%
Jones Financial Companies
25
Jones Financial Companies
Missouri
$4.41M +$2.19M +21,564 +99%

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.