VTEC · Vanguard California Tax-Exempt Bond ETF

$99.15 -0.20 (-0.20%) At close · Aug 14

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.

Quarter:

Holders: 67

Total Value: $688,684,434

Total Shares: 6,845,770

Institutional Ownership Trend

10 quarters

Superinvestors Holding VTEC

All superinvestors →

Joel Greenblatt $3,984,967

Holder Concentration

Across 67 13F filers · Δ vs Mar 31, 2026

Top Holder

61.1%

+10.7 pts

Top 5

77.8%

+11.2 pts

Top 10

87.8%

+12.2 pts

HHI

3,836

Highly concentrated+1,193

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

123

Unchanged

Holder count: -107

Institutional value: -21.1%

Shares held: -22.2%

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
Large NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	−3,978	7,051
Large Mariner, LLC	−2,550	12,657

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Large MAI Capital Management	95,428	$9,600,056
Large NATIXIS ADVISORS, LLC	27,674	$2,784,004
Micro Entruity Wealth, LLC	23,081	$2,321,948
Micro SATOVSKY ASSET MANAGEMENT LLC	19,287	$1,940,272
Small Manchester Capital Management LLC	18,000	$1,810,800

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
Mega LPL Financial LLC	187,339	$18,561,548
Micro EVOKE WEALTH, LLC	94,940	$9,406,655
Mid Concurrent Investment Advisors, LLC	92,431	$9,158,063

Filter: New 16 Increased 32 Reduced 9 Sold out 123 Unchanged 10

Showing 69 of 69

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$420,708,495

61.09%

4,181,993

BANK OF AMERICA CORP /DE/

$42,340,829

6.15%

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

3.85%

263,318

CAPTRUST FINANCIAL ADVISORS

$23,671,180

3.44%

235,300

GUGGENHEIM CAPITAL LLC

$22,869,599

3.32%

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

3.21%

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

Pasadena Private Wealth, LLC

$14,165,486

2.06%

140,810

Manhattan West Asset Management, LLC

$13,823,546

2.01%

137,411

MAI Capital Management

$9,600,056

1.39%

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

1.34%

91,669

JONES FINANCIAL COMPANIES LLLP

$8,616,792

1.25%

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

1.02%

69,671

Brio Consultants, LLC

$5,925,440

0.86%

58,901

Vise Technologies, Inc.

$4,492,594

0.65%

44,658

Fort Point Capital Partners LLC

$4,190,191

0.61%

41,652

Gotham Asset Management, LLC

$3,984,967

0.58%

39,612

OSAIC HOLDINGS, INC.

$3,673,710

0.53%

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

RAYMOND JAMES FINANCIAL INC

$2,936,111

0.43%

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

0.40%

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

EVOLVE PRIVATE WEALTH, LLC

$2,432,809

0.35%

24,183

Entruity Wealth, LLC

$2,321,948

0.34%

23,081

Tower Research Capital LLC (TRC)

$2,302,834

0.33%

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

0.31%

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

SATOVSKY ASSET MANAGEMENT LLC

$1,940,272

0.28%

19,287

Manchester Capital Management LLC

$1,810,800

0.26%

18,000

CITADEL ADVISORS LLC

$1,721,869

0.25%

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

0.24%

16,378

Focus Partners Wealth

$1,528,516

0.22%

15,194

Elequin Capital, LP

$1,357,798

0.20%

13,497

Mariner, LLC

$1,273,294

0.18%

12,657

EP Wealth Advisors, LLC

$1,250,156

0.18%

12,427

ROYAL BANK OF CANADA

$1,113,339

0.16%

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

0.16%

10,780

Sand Hill Global Advisors, LLC

$954,593

0.14%

9,489

SWEENEY & MICHEL, LLC

$953,285

0.14%

9,476

Cresset Asset Management, LLC

$880,652

0.13%

8,754

AQR CAPITAL MANAGEMENT LLC

$873,711

0.13%

8,685

Integrated Advisors Network LLC

$801,882

0.12%

7,971

Sanctuary Advisors, LLC

$753,594

0.11%

7,491

Cerity Partners LLC

$744,741

0.11%

7,403

CITADEL ADVISORS LLC

$744,440

0.11%

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

0.10%

7,051

Integrated Wealth Concepts LLC

$707,620

0.10%

7,034

Vanguard National Trust Co

$706,513

0.10%

7,023

Stonebridge Financial Group, LLC/CA

$695,749

0.10%

6,916

Ameritas Advisory Services, LLC

$687,098

0.10%

6,830

IEQ CAPITAL, LLC

$492,940

0.07%

4,900

CITADEL ADVISORS LLC

$482,880

0.07%

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

0.07%

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

Tolleson Wealth Management, Inc.

$410,448

0.06%

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

Financial Engines Advisors L.L.C.

$382,682

0.06%

3,804

Betterment LLC

$372,723

0.05%

3,705

MERCER GLOBAL ADVISORS INC /ADV

$342,543

0.05%

3,405

Wealthspire Advisors, LLC

$338,619

0.05%

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

CIBC Bancorp USA Inc.

$251,500

0.04%

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

0.04%

2,478

MONETA GROUP INVESTMENT ADVISORS LLC

$248,985

0.04%

2,475

Invst, LLC

$248,884

0.04%

2,474

Clark Capital Management Group, Inc.

$226,350

0.03%

2,250

Allworth Financial LP

$225,142

0.03%

2,238

Rialto Wealth Management, LLC

$109,151

0.02%

1,085

Larson Financial Group LLC

$100,600

0.01%

1,000

Timbuktu Capital Management, LLC

$86,516

0.01%

860

US BANCORP \DE\

$14,687

0.00%

146

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

Manager	Shares	Value (USD)	% of position	Discretion
U.S. BANCORP ADVISORS, LLC	146	$14,687	100.0%	Defined

Steward Partners Investment Advisory, LLC

$10,060

0.00%

100

WELLS FARGO & COMPANY/MN

$100

0.00%

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

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO CLEARING SERVICES, LLC	1	$100	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	62,600	$6,202,408	100.0%	Defined

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	55,484	$5,497,354	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
FREESTONE CAPITAL MANAGEMENT LLC	14,402	$1,426,950	100.0%	Defined

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

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	4,923	$487,770	100.0%	Defined

Key facts CIK 783401 CUSIP 922021605 13F (30d) 67 filings 67 filers Visit website Investor relations