VTEC · VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF ETF

$97.28 +0.02 (+0.02%) At close · Sep 4

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 119

Total Value: $770,555,211

Total Shares: 7,659,595

Showing 1–100 of 121 holdings by value · page 1 of 2

Institutional Ownership Trend

10 quarters

Holder Concentration

Across 119 13F filers · Δ vs Mar 31, 2026

Top Holder

54.6%

+4.3 pts

Top 5

69.6%

+3.0 pts

Top 10

79.8%

+4.2 pts

HHI

3,073

Highly concentrated+433

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -57

Institutional value: -11.8%

Shares held: -13.0%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega MORGAN STANLEY	+215,987	219,452
Small Manhattan West Asset Management, LLC	+112,777	137,411
Mega BANK OF AMERICA CORP /DE/	+83,982	420,883
Large GUGGENHEIM CAPITAL LLC	+48,640	227,332
Large Corient Private Wealth LLC	+26,393	91,669

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega CHARLES SCHWAB INVESTMENT MANAGEMENT INC	−253,305	4,181,993
Mid Integrated Advisors Network LLC	−35,314	7,971
Mega CITADEL ADVISORS LLC	−16,318	29,316
Mid UNITED CAPITAL FINANCIAL ADVISORS, LLC	−11,984	43,500
Mid Focus Partners Advisor Solutions, LLC	−9,800	14,934

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Large MAI Capital Management	95,428	$9,600,056
Micro Three Arch Wealth Management LLC	29,203	$2,937,821
Large NATIXIS ADVISORS, LLC	27,674	$2,784,004
Micro Entruity Wealth, LLC	23,081	$2,321,948
Mid Diversify Advisory Services, LLC	19,806	$1,992,483

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Mid Composition Wealth, LLC	636,348	$63,049,359
Mid Wedmont Private Capital	194,623	$19,283,246
Micro EVOKE WEALTH, LLC	94,940	$9,406,655
Mid Concurrent Investment Advisors, LLC	92,431	$9,158,063
Micro ECLECTIC ASSOCIATES INC /ADV	64,475	$6,388,183

Filter: New 28 Increased 52 Reduced 18 Sold out 85 Unchanged 21

Showing 100 of 121

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$420,708,495

54.60%

4,181,993

BANK OF AMERICA CORP /DE/

$42,340,829

5.49%

420,883

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	281,575	$28,326,445	66.9%	Defined
MANAGED ACCOUNT ADVISORS LLC	139,308	$14,014,384	33.1%	Defined

Cetera Investment Advisers

$26,489,790

3.44%

263,318

CAPTRUST FINANCIAL ADVISORS

$23,671,180

3.07%

235,300

GUGGENHEIM CAPITAL LLC

$22,869,599

2.97%

227,332

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GUGGENHEIM FUNDS DISTRIBUTORS, LLC	227,332	$22,869,599	100.0%	Defined

MORGAN STANLEY

$22,076,870

2.87%

219,452

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	217,601	$21,890,660	99.2%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	1,851	$186,210	0.8%	Defined

LPL Financial LLC

$19,067,321

2.47%

189,536

Pasadena Private Wealth, LLC

$14,165,486

1.84%

140,810

Manhattan West Asset Management, LLC

$13,823,546

1.79%

137,411

MAI Capital Management

$9,600,056

1.25%

95,428

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
EVOKE WEALTH, LLC	95,428	$9,600,056	100.0%	Defined

Corient Private Wealth LLC

$9,221,901

1.20%

91,669

JONES FINANCIAL COMPANIES LLLP

$8,616,792

1.12%

85,654

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	85,654	$8,616,792	100.0%	Sole

Creative Planning

$7,008,902

0.91%

69,671

Brio Consultants, LLC

$5,925,440

0.77%

58,901

Ballast Rock Private Wealth LLC

$5,034,828

0.65%

50,048

Altiora Financial Group, LLC

$5,030,000

0.65%

50,000

Beacon Pointe Advisors, LLC

$4,805,460

0.62%

47,768

Bell Investment Advisors, Inc

$4,711,902

0.61%

46,838

Vise Technologies, Inc.

$4,492,594

0.58%

44,658

UNITED CAPITAL FINANCIAL ADVISORS, LLC

$4,376,100

0.57%

43,500

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
United Capital Financial Partners, LLC	43,500	$4,376,100	100.0%	Defined

Fort Point Capital Partners LLC

$4,190,191

0.54%

41,652

Gotham Asset Management, LLC

$3,984,967

0.52%

39,612

OSAIC HOLDINGS, INC.

$3,673,710

0.48%

36,518

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	28,133	$2,830,179	77.0%	Defined
Osaic Advisory Services, LLC	8,385	$843,531	23.0%	Defined

Joel Isaacson & Co., LLC

$3,666,870

0.48%

36,450

DeLarme Wealth Management, Inc.

$3,275,234

0.43%

32,557

Three Arch Wealth Management LLC

$2,937,821

0.38%

29,203

RAYMOND JAMES FINANCIAL INC

$2,936,111

0.38%

29,186

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	22,322	$2,245,593	76.5%	Defined
Raymond James Financial Services Advisors, Inc.	6,864	$690,518	23.5%	Defined

NATIXIS ADVISORS, LLC

$2,784,004

0.36%

27,674

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Natixis Investment Managers, L.P.	27,674	$2,784,004	100.0%	Defined

FINANCIAL MANAGEMENT NETWORK INC

$2,519,426

0.33%

25,044

EVOLVE PRIVATE WEALTH, LLC

$2,432,809

0.32%

24,183

Entruity Wealth, LLC

$2,321,948

0.30%

23,081

Tower Research Capital LLC (TRC)

$2,302,834

0.30%

22,891

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TOWER PRINCIPAL MARKETS LLC	22,891	$2,302,834	100.0%	Defined

JPMORGAN CHASE & CO

$2,162,195

0.28%

21,493

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	18,899	$1,901,239	87.9%	Defined
55I, LLC	2,594	$260,956	12.1%	Other

Diversify Advisory Services, LLC

$1,992,483

0.26%

19,806

Valmark Advisers, Inc.

$1,968,138

0.26%

19,564

SATOVSKY ASSET MANAGEMENT LLC

$1,940,272

0.25%

19,287

WRAPMANAGER INC

$1,931,520

0.25%

19,200

Platt Wealth Management LLC

$1,913,512

0.25%

19,021

Manchester Capital Management LLC

$1,810,800

0.23%

18,000

CITADEL ADVISORS LLC

$1,721,869

0.22%

17,116

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	17,116	$1,721,869	100.0%	Defined

Quantinno Capital Management LP

$1,647,626

0.21%

16,378

BURLING WEALTH PARTNERS, LLC

$1,564,933

0.20%

15,556

Focus Partners Wealth

$1,528,516

0.20%

15,194

Savvy Advisors, Inc.

$1,513,627

0.20%

15,046

Focus Partners Advisor Solutions, LLC

$1,502,360

0.19%

14,934

Elequin Capital, LP

$1,357,798

0.18%

13,497

Mariner, LLC

$1,273,294

0.17%

12,657

EP Wealth Advisors, LLC

$1,250,156

0.16%

12,427

ENVESTNET ASSET MANAGEMENT INC

$1,208,306

0.16%

12,011

Meridian Wealth Management, LLC

$1,179,535

0.15%

11,725

VAN STRUM & TOWNE INC.

$1,171,990

0.15%

11,650

ROYAL BANK OF CANADA

$1,113,339

0.14%

11,067

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	9,521	$957,812	86.0%	Defined
RBC Private Counsel (USA) Inc.	500	$50,300	4.5%	Defined
RBC Rochdale, LLC	1,046	$105,227	9.5%	Defined

Geometric Wealth Advisors

$1,084,468

0.14%

10,780

Grant Street Asset Management, Inc.

$1,012,337

0.13%

10,063

Sand Hill Global Advisors, LLC

$954,593

0.12%

9,489

SWEENEY & MICHEL, LLC

$953,285

0.12%

9,476

Cresset Asset Management, LLC

$880,652

0.11%

8,754

AQR CAPITAL MANAGEMENT LLC

$873,711

0.11%

8,685

OPPENHEIMER & CO INC

$815,262

0.11%

8,104

Integrated Advisors Network LLC

$801,882

0.10%

7,971

Prospect Financial Group LLC

$783,070

0.10%

7,784

Sanctuary Advisors, LLC

$753,594

0.10%

7,491

Cerity Partners LLC

$744,741

0.10%

7,403

CITADEL ADVISORS LLC

$744,440

0.10%

7,400

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	7,400	$744,440	100.0%	Defined

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$709,330

0.09%

7,051

Integrated Wealth Concepts LLC

$707,620

0.09%

7,034

Vanguard National Trust Co

$706,513

0.09%

7,023

Stonebridge Financial Group, LLC/CA

$695,749

0.09%

6,916

Ameritas Advisory Services, LLC

$687,098

0.09%

6,830

MML INVESTORS SERVICES, LLC

$636,194

0.08%

6,324

Argyle Capital Partners, LLC

$503,000

0.07%

5,000

IEQ CAPITAL, LLC

$492,940

0.06%

4,900

CITADEL ADVISORS LLC

$482,880

0.06%

4,800

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	4,800	$482,880	100.0%	Defined

FMR LLC

$476,039

0.06%

4,732

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STRATEGIC ADVISERS LLC	4,732	$476,039	100.0%	Defined

Keystone Wealth Services, LLC

$425,236

0.06%

4,227

CENTAURUS FINANCIAL, INC.

$419,099

0.05%

4,166

Bridgewater Advisors Inc.

$412,258

0.05%

4,098

Tolleson Wealth Management, Inc.

$410,448

0.05%

4,080

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Tolleson Private Wealth Management, LLC joint	4,080	$410,448	100.0%	Defined

Retirement Planning Group, LLC

$404,613

0.05%

4,022

Pinnacle Wealth Management Advisory Group, LLC

$386,304

0.05%

3,840

PINNACLE ASSOCIATES LTD

$386,304

0.05%

3,840

Financial Engines Advisors L.L.C.

$382,682

0.05%

3,804

Betterment LLC

$372,723

0.05%

3,705

Hurlow Wealth Management Group, Inc.

$368,699

0.05%

3,665

MERCER GLOBAL ADVISORS INC /ADV

$342,543

0.04%

3,405

Wealthspire Advisors, LLC

$338,619

0.04%

3,366

Aureus Asset Management, LLC

$301,800

0.04%

3,000

TWIN PEAKS WEALTH ADVISORS, LLC

$287,313

0.04%

2,856

XTX Topco Ltd

$283,591

0.04%

2,819

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	2,819	$283,591	100.0%	Defined

Parallel Advisors, LLC

$276,147

0.04%

2,745

Global Retirement Partners, LLC

$262,767

0.03%

2,612

CCG WEALTH MANAGEMENT, LLC

$260,956

0.03%

2,594

SageView Advisory Group, LLC

$258,240

0.03%

2,567

Capital Investment Advisors, LLC

$257,234

0.03%

2,557

HighTower Advisors, LLC

$255,322

0.03%

2,538

WealthSpring Partners, LLC

$253,210

0.03%

2,517

M. Kulyk & Associates, LLC

$252,707

0.03%

2,512

Knuff & Co LLC

$251,500

0.03%

2,500

CIBC Bancorp USA Inc.

$251,500

0.03%

2,500

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CIBC Private Wealth Advisors, Inc.	2,500	$251,500	100.0%	Defined

HILL ISLAND FINANCIAL LLC

$249,286

0.03%

2,478