VTEI · VANGUARD INTERMEDIATE-TERM TAX-EXEMPT BOND ETF · Holdings ETF

$96.85 +0.13 (+0.13%)

Volume · Oct 21 534.46K Avg daily vol (3M) 315.49K

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 →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 42

Total Value: $187,361,485

Total Shares: 1,965,090

Institutional Ownership Trend

11 quarters

Holder Concentration

Across 42 13F filers · Δ vs Jun 30, 2026

Top Holder

29.4%

−0.4 pts

Top 5

66.0%

+15.0 pts

Top 10

83.2%

+18.3 pts

HHI

1,485

Broadly held+410

Who Holds VTEI

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 174 filers, like-for-like change +8.2%; actively managed books +8.1%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	51.5%	110	+12.8%	18	6
Adviser	0.1%	2	+1038.6%	1	0
Bank	5.1%	7	+39.8%	0	2
Broker-dealer	0.8%	1	+17.5%	0	0
Holding company	2.0%	4	+0.1%	1	0
Unknown	40.6%	50	+0.1%	9	3

Style	Share	Filers	Change	New	Exited
Index-like	0.0%	2	new	2	0
Systematic-like	0.3%	2	-30.7%	1	0
Concentrated	51.0%	77	+7.7%	12	1
Diversified active	48.6%	93	+9.0%	14	10
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	90.1%	140	+11.0%	20	7
Medium turnover	2.9%	18	+8.0%	5	2
High turnover	0.7%	4	-69.9%	1	2
Unknown	6.3%	12	-0.3%	3	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	6.5%	13	+1.1%	3	1
Medium horizon	8.3%	45	+20.9%	8	2
Long horizon	85.0%	114	+7.6%	17	8
Unknown	0.2%	2	+30.6%	1	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	15.6%	67	+39.3%	13	3
$1B to $10B	56.7%	61	+1.8%	11	3
$10B to $100B	15.7%	31	+10.8%	3	2
$100B or more	12.0%	15	+5.8%	2	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	44.4%	100	+16.2%	18	6
Pooled investment vehicles	0.5%	2	-18.4%	0	0
Pension and profit sharing plans	0.4%	2	+1.1%	0	0
Charitable organizations	0.0%	2	+0.8%	0	0
Other investment advisers	0.8%	1	+6.6%	0	0
Diversified	0.2%	2	+31.2%	0	0
Corporations	0.0%	0	—	0	0
Other	0.0%	0	—	0	0
Unknown	53.7%	65	+2.7%	11	5

Private funds	Share	Filers	Change	New	Exited
Hedge funds	0.6%	5	-15.5%	0	0
Private equity funds	0.5%	3	-2.0%	0	0
Real estate funds	0.2%	2	+279.7%	1	0
Other private funds	4.2%	8	+13.9%	1	1
Mixed private funds	0.0%	0	—	0	0
No private funds	46.0%	92	+13.0%	16	5
Unknown	48.5%	64	+3.7%	11	5

Location	Share	Filers	Change	New	Exited
United States	99.9%	172	+8.1%	29	10
Outside the US	0.1%	2	+53.5%	0	1

The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F and 1 holder with no observed 2026-06-30 13F.

Conviction and Crowding

174 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

18.4% of filers hold it in their top 10

Mar 31, 2026: 27

Holders above 5%

median weight 0.030%

Mar 31, 2026: 1

Crowding

—

shares outstanding is an issuer-wide count, not one listing's

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

shares outstanding is an issuer-wide count, not one listing's

Top 10 holders

64.9%

of 13F shares, Herfindahl 0.107

Active holders

+8.1%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 5.2 quarters

Under 1 year 23.9% 1 to 3 years 76.1% 3 years or more 0.000% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$99.58

estimated per share

Mar 31, 2026: $99.49

Quarter-end price

$100.97

implied by 13F values

Estimated gain or loss

+1.4%

price against the estimated cost

Estimated at a loss

8.91%

of costed 13F value

Estimated cost covers 93.5% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Fund Ownership of VTEI by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0 shares.

Fund type	Shares	Funds
Index funds	0	0
Index ETFs	0	0
Active ETFs	0	0
Active funds	38,363	1
Unclassified	0	0
All registered funds	38,363	1

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Jun 30, 2026

New

Increased

Decreased

Sold Out

Unchanged

New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.

Holder count: -132

Institutional value: -76.8%

Shares held: -75.4%

Top Buyers

vs Jun 30, 2026

Institution	Added	Now Holds
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	+415,137	421,981
Small Paragon Capital Management Ltd	+45,000	61,371
Small Hassell Wealth Management, LLC	+30,757	83,679
Small FIRST FINANCIAL BANK - TRUST DIVISION	+23,817	110,872
Mid FERGUSON WELLMAN CAPITAL MANAGEMENT, INC	+16,580	578,161

Top Sellers

vs Jun 30, 2026

Institution	Sold	Now Holds
Mid Elser Financial Planning, Inc	−17,444	2,508
Mid Avidian Wealth Enterprises, LLC	−10,167	4,146
Small Seed Wealth Management, Inc.	−3,696	45,639
Small FINANCIAL MANAGEMENT NETWORK INC	−710	15,931
Mid Integrated Advisors Network LLC	−335	4,680

Top New Positions

vs Jun 30, 2026

Institution	Acquired	Value (USD)
Mid Wedmont Private Capital	102,209	$9,745,117
Micro Cassilly Financial Group LLC	21,927	$2,090,629
Mid Relyea Zuckerberg Hanson LLC	4,944	$471,385
Small Prospera Capital Management, LLC	4,780	$455,749
Small Legacy Wealth Partners, LLC	3,339	$318,356

Top Sold-Out Positions

vs Jun 30, 2026

Institution	Previously Held	Last Value (USD)
Small Luminvest Wealth Management LLC	4,782	$482,838
Small 25 LLC	3,775	$381,161
Small KOM Wealth Management Group, LLC	2,022	$204,161
Small Net Worth Advisory Group	2,009	$202,848
Small Narus Financial Partners, LLC	2,000	$201,940

Filter: New 6 Increased 25 Reduced 9 Sold out 6 Unchanged 2

Holder type: Registered adviser 28 Unknown 14

Showing 42 of 42

All Common Calls Puts

Compact Export CSV

Holder	Value (USD)	% of 13F	Shares	Own %	Change	Type	Filed
Mid FERGUSON WELLMAN CAPITAL MANAGEMENT, INC Registered adviser VTEI	$55,124,760	29.42%	578,161	—	+16,580 +3.0%	Shares	2026-10-05
Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC VTEI	$40,233,778	21.47%	421,981	—	+415,137 +6065.7%	Shares	2026-10-13
Small FIRST FINANCIAL BANK - TRUST DIVISION VTEI	$10,571,090	5.64%	110,872	—	+23,817 +27.4%	Shares	2026-10-01
Mid Wedmont Private Capital VTEI	$9,745,117	5.20%	102,209	—	New	Shares	2026-10-09
Small Hassell Wealth Management, LLC Registered adviser VTEI	$7,978,374	4.26%	83,679	—	+30,757 +58.1%	Shares	2026-10-19
Small Heartwood Wealth Advisors LLC VTEI	$7,831,447	4.18%	82,138	—	+713 +0.9%	Shares	2026-10-05
Mid Atria Investments, Inc Registered adviser VTEI	$6,845,484	3.65%	71,797	—	+4,348 +6.4%	Shares	2026-10-15
Small S.A. Mason LLC VTEI	$6,221,547	3.32%	65,253	—	+1,846 +2.9%	Shares	2026-10-13
Small Paragon Capital Management Ltd VTEI	$5,851,417	3.12%	61,371	—	+45,000 +274.9%	Shares	2026-10-09
Mid C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors Registered adviser VTEI	$5,499,499	2.94%	57,680	—	+1,707 +3.0%	Shares	2026-10-14
Mid Apella Capital, LLC VTEI	$5,294,317	2.83%	55,528	—	-36 -0.1%	Shares	2026-10-08
Small Seed Wealth Management, Inc. Registered adviser VTEI	$4,351,450	2.32%	45,639	—	-3,696 -7.5%	Shares	2026-10-20
Mid Valeo Financial Advisors, LLC Registered adviser VTEI	$2,332,043	1.24%	24,459	—	+10,395 +73.9%	Shares	2026-10-08
Micro Cassilly Financial Group LLC Registered adviser VTEI	$2,090,629	1.12%	21,927	—	New	Shares	2026-10-07
Mid SigFig Wealth Management, LLC Registered adviser VTEI	$1,687,129	0.90%	17,695	—	+1,058 +6.4%	Shares	2026-10-07
Mid First Heartland Consultants, Inc. Registered adviser VTEI	$1,639,075	0.87%	17,191	—	+21 +0.1%	Shares	2026-10-08
Small FINANCIAL MANAGEMENT NETWORK INC Registered adviser VTEI	$1,518,941	0.81%	15,931	—	-710 -4.3%	Shares	2026-10-09
Small A. D. Beadell Investment Counsel, Inc. VTEI	$1,411,106	0.75%	14,800	—	+325 +2.2%	Shares	2026-10-14
Large Farther Finance Advisors, LLC Registered adviser VTEI	$1,384,504	0.74%	14,521	—	+545 +3.9%	Shares	2026-10-08
Small Sprinkle Financial Consultants LLC Registered adviser VTEI	$970,898	0.52%	10,183	—	+80 +0.8%	Shares	2026-10-09
Mid Retirement Planning Group, LLC Registered adviser VTEI	$957,359	0.51%	10,041	—	-79 -0.8%	Shares	2026-10-19
Mid CFS Investment Advisory Services, LLC VTEI	$822,255	0.44%	8,624	—	+247 +2.9%	Shares	2026-10-19
Small Midwest Financial Network, LLC Registered adviser VTEI	$626,035	0.33%	6,566	—	+968 +17.3%	Shares	2026-10-13
Small 55 North Private Wealth, LLC Registered adviser VTEI	$600,196	0.32%	6,295	—	-82 -1.3%	Shares	2026-10-20
Micro WealthSpring Partners, LLC Registered adviser VTEI	$504,184	0.27%	5,288	—	+6 +0.1%	Shares	2026-10-14
Mid Relyea Zuckerberg Hanson LLC Registered adviser VTEI	$471,385	0.25%	4,944	—	New	Shares	2026-10-20
Mid CoreCap Advisors, LLC Registered adviser VTEI	$464,520	0.25%	4,872	—	0 0.0%	Shares	2026-10-08
Small Prospera Capital Management, LLC VTEI	$455,749	0.24%	4,780	—	New	Shares	2026-10-19
Small Donalies Financial Planning, LLC Registered adviser VTEI	$451,744	0.24%	4,738	—	+248 +5.5%	Shares	2026-10-19
Mid Integrated Advisors Network LLC Registered adviser VTEI	$446,214	0.24%	4,680	—	-335 -6.7%	Shares	2026-10-20
Mid Summit Financial Strategies, Inc. Registered adviser VTEI	$445,261	0.24%	4,670	—	+2,297 +96.8%	Shares	2026-10-14
Mid Avidian Wealth Enterprises, LLC Registered adviser VTEI	$395,300	0.21%	4,146	—	-10,167 -71.0%	Shares	2026-10-08
Small Legacy Wealth Partners, LLC Registered adviser VTEI	$318,356	0.17%	3,339	—	New	Shares	2026-10-15
Small Worth Asset Management, LLC VTEI	$272,591	0.15%	2,859	—	-72 -2.5%	Shares	2026-10-07
Small Mullaney, Keating & Wright, Inc. Registered adviser VTEI	$270,970	0.14%	2,842	—	+22 +0.8%	Shares	2026-10-19
Small WINEBRENNER CAPITAL MANAGEMENT LLC Registered adviser VTEI	$268,777	0.14%	2,819	—	0 0.0%	Shares	2026-10-07
Small ELEVATUS WELATH MANAGEMENT Registered adviser VTEI	$247,420	0.13%	2,595	—	+193 +8.0%	Shares	2026-10-19
Mid Elser Financial Planning, Inc Registered adviser VTEI	$239,125	0.13%	2,508	—	-17,444 -87.4%	Shares	2026-10-16
Small CRA Financial Services, LLC Registered adviser VTEI	$224,060	0.12%	2,350	—	New	Shares	2026-10-16
Mid AMERICAN NATIONAL BANK & TRUST VTEI	$141,873	0.08%	1,488	—	+213 +16.7%	Shares	2026-10-07
Mid PRIVATE TRUST CO NA VTEI	$97,251	0.05%	1,020	—	+8 +0.8%	Shares	2026-10-20
Small Trust Co VTEI	$58,255	0.03%	611	—	+84 +15.9%	Shares	2026-10-09
Small Luminvest Wealth Management LLC Registered adviser VTEI	$482,838	0.26%	4,782	—	Sold Out	Shares	2026-07-29
Small 25 LLC VTEI	$381,161	0.20%	3,775	—	Sold Out	Shares	2026-07-28
Small KOM Wealth Management Group, LLC Registered adviser VTEI	$204,161	0.11%	2,022	—	Sold Out	Shares	2026-07-23
Small Net Worth Advisory Group Registered adviser VTEI	$202,848	0.11%	2,009	—	Sold Out	Shares	2026-07-14
Small Narus Financial Partners, LLC Registered adviser VTEI	$201,940	0.11%	2,000	—	Sold Out	Shares	2026-07-31
Mid IFP Advisors, Inc Registered adviser VTEI	$126,212	0.07%	1,250	—	Sold Out	Shares	2026-07-20
No holders match your search.