Vanguard Tax-Exempt Bond ETF (VTEB) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling VTEB?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Vanguard Tax-Exempt Bond ETF, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on VTEB?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Vanguard Tax-Exempt Bond ETF.

Is institutional money flowing into VTEB?

134 institutional investors hold Vanguard Tax-Exempt Bond ETF (VTEB). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about VTEB?

Track institutional sentiment and conviction scores for Vanguard Tax-Exempt Bond ETF (VTEB) including Smart Money Verdict and position changes on HoldingsIntel.

Vanguard Tax-Exempt Bond ETF

VTEB·922907746·US·etf·Unknown - Unknown

TAX EXEMPT BD

VTEB (Vanguard Tax-Exempt Bond ETF) is held by 134 institutional investors as of Q4 2025. Largest holders: JPMORGAN CHASE & CO ($5.3B), NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO ($1.8B), MORGAN STANLEY ($1.3B). Net institutional sentiment: Mixed.

134

Holders

Avg rating(17 Elite)

$24B

Total Value

63% (139)

Fund Consensus

85 buying - 50 selling

Smart Money VerdictView all

65Positive MomentumConfirmed

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See how VTEB's score breaks down across 4 SEC sources

Held by 134 funds

17 elite

Who's Trading

CongressMichael T. McCaulBuyDec 16, 2025

13F: Dec 31, 2025Insider & Congress: Updated regularly

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
JPMORGAN CHASE & CO	Increased	104.6M(+5.5%)	$5.3B	0.3%	+4.70%	40
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Increased	36.7M(+2.5%)	$1.8B	1.2%	+9.16%	52
MORGAN STANLEY	Increased	25.2M(+9.4%)	$1.3B	0.1%	+5.48%	35
Creative Planning	Decreased	25M(-4.1%)	$1.3B	0.9%	+9.49%	0
RAYMOND JAMES FINANCIAL INC	Increased	24.6M(+10.8%)	$1.2B	0.4%	+4.24%	42
Wealthfront Advisers LLC	Increased	24.2M(+8.5%)	$1.2B	2.7%	+8.16%	59
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Decreased	23M(-4.2%)	$1.2B	0.2%	+6.47%	0
FMR LLC	Increased	20.5M(+0.8%)	$1B	0.1%	+4.90%	32
NORTHERN TRUST CORP	Decreased	15.3M(-0.8%)	$771.9M	0.1%	+8.67%	0
TIAA TRUST, NATIONAL ASSOCIATION	Decreased	14M(-2.0%)	$702.7M	1.7%	+8.43%	0
SEI INVESTMENTS CO	Decreased	13.5M(-2.5%)	$679.2M	0.7%	+9.43%	0
WELLS FARGO & COMPANY/MN	Increased	13.5M(+3.8%)	$678.3M	0.1%	+7.97%	39
BANK OF AMERICA CORP /DE/	Increased	12.1M(+12.5%)	$606.3M	0.0%	+4.03%	35
MERCER GLOBAL ADVISORS INC /ADV	Increased	10.2M(+6.7%)	$514.4M	0.8%	+6.85%	47
LPL Financial LLC	Increased	9.1M(+21.8%)	$459.4M	0.1%	+5.81%	45
JONES FINANCIAL COMPANIES LLLP	Increased	7M(+21.9%)	$349.7M	0.2%	+5.67%	45
FRANKLIN RESOURCES INC	Increased	6.3M(+3.1%)	$315.4M	0.1%	+8.36%	32
ENVESTNET ASSET MANAGEMENT INC	Decreased	4.7M(-0.1%)	$234.2M	0.1%	+8.62%	0
VANGUARD GROUP INC	Increased	4.1M(+10.6%)	$208.3M	0.0%	+3.51%	34
Cerity Partners LLC	Decreased	4M(-4.2%)	$203.1M	0.3%	+7.53%	0
Corient Private Wealth LLC	Increased	4M(+127.1%)	$202.9M	0.3%	+4.30%	59
RWA WEALTH PARTNERS, LLC	Increased	4M(+4.5%)	$201.9M	2.2%	+9.79%	55
Mariner, LLC	Increased	4M(+11.7%)	$199M	0.2%	+7.81%	41
UBS Group AG	Increased	3.7M(+2.2%)	$188.5M	0.0%	+10.87%	31
US BANCORP \DE\	Decreased	3.5M(-4.0%)	$176.5M	0.2%	+8.61%	0
ROYAL BANK OF CANADA	Increased	3.4M(+48.0%)	$171.1M	0.0%	+3.78%	42
AMERIPRISE FINANCIAL INC	Decreased	3M(-0.8%)	$152.7M	0.0%	+9.25%	0
PNC FINANCIAL SERVICES GROUP, INC.	Increased	2.6M(+8.0%)	$128.8M	0.1%	+7.70%	33
HighTower Advisors, LLC	Increased	2.5M(+3.7%)	$128.1M	0.1%	+6.34%	37
Pathstone Holdings, LLC	Increased	2.3M(+0.1%)	$118M	0.5%	+5.22%	36
OSAIC HOLDINGS, INC.	Increased	2M(+1.0%)	$98.5M	0.1%	+7.92%	36
SCS Capital Management LLC	Decreased	1.9M(-0.4%)	$97.9M	1.0%	+12.53%	0
OneDigital Investment Advisors LLC	Increased	1.9M(+4.2%)	$97.1M	1.0%	+9.03%	44
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Increased	1.8M(+3.4%)	$91.7M	0.1%	+6.98%	37
Baird Financial Group, Inc.	Increased	1.8M(+11.1%)	$88.6M	0.1%	+5.39%	40
Sequoia Financial Advisors, LLC	Increased	1.7M(+4.8%)	$85.8M	0.5%	+8.02%	37
JANE STREET GROUP, LLC	Decreased	1.6M(-12.4%)	$82.9M	0.0%	+2.79%	0
BlackRock, Inc.	Increased	1.5M(+169x)	$77M	0.0%	+0.94%	48
STIFEL FINANCIAL CORP	Increased	1.5M(+6.4%)	$74.7M	0.1%	+7.43%	32
Bank of New York Mellon Corp	Increased	1.5M(+9.8%)	$74.7M	0.0%	+6.45%	33
Savant Capital, LLC	Decreased	1.5M(-6.7%)	$73.9M	0.4%	+9.97%	0
Sanctuary Advisors, LLC	Increased	1.4M(+6.6%)	$72M	0.4%	+6.15%	38
M&T BANK CORP	Increased	845,417(+7.4%)	$61.3M	0.2%	+8.16%	38
Focus Partners Wealth	Increased	1.1M(+103.3%)	$55M	0.1%	+3.15%	47
Cetera Investment Advisers	Increased	1M(+24.7%)	$52.2M	0.1%	+5.62%	36
COMMONWEALTH EQUITY SERVICES, LLC	Increased	991,532(+4.5%)	$49.9M	0.1%	+8.36%	31
MML INVESTORS SERVICES, LLC	Increased	977,185(+11.2%)	$49.1M	0.1%	+7.25%	39
Integrated Wealth Concepts LLC	Decreased	957,875(-10.2%)	$48.2M	0.6%	+6.99%	0
MATHER GROUP, LLC.	Increased	942,979(+5.6%)	$47.4M	0.5%	+7.90%	37
EP Wealth Advisors, LLC	Increased	900,006(+13.9%)	$45.3M	0.2%	+9.02%	40
NewEdge Advisors, LLC	Increased	874,717(+12.9%)	$44M	0.2%	+4.31%	39
Beacon Pointe Advisors, LLC	Increased	847,429(+8.7%)	$42.6M	0.3%	+7.60%	38
Financial Engines Advisors L.L.C.	Decreased	844,399(-0.1%)	$42.5M	0.1%	+11.33%	0
Allworth Financial LP	Increased	806,676(+8.0%)	$40.6M	0.2%	+7.53%	38
GOLDMAN SACHS GROUP INC	Increased	789,995(+26.6%)	$39.7M	0.0%	+3.87%	36
TRUIST FINANCIAL CORP	Decreased	761,194(-3.0%)	$38.3M	0.1%	+6.52%	0
Wealthspire Advisors, LLC	Decreased	687,459(-52.2%)	$34.6M	0.3%	+7.13%	0
Allen Investment Management, LLC	Increased	673,326(+8.1%)	$33.9M	0.4%	+5.63%	37
Envestnet Portfolio Solutions, Inc.	Increased	636,598(+3.0%)	$32M	0.1%	+3.23%	36
Waverly Advisors, LLC	Increased	602,056(+1.2%)	$30.3M	0.2%	+4.71%	35
NEW YORK LIFE INVESTMENT MANAGEMENT LLC	Decreased	475,297(-44.5%)	$23.9M	0.2%	+5.69%	0
LAZARD ASSET MANAGEMENT LLC	Decreased	454,064(-4.2%)	$22.8M	0.0%	+11.83%	0
Kestra Advisory Services, LLC	Increased	421,018(+13.5%)	$21.2M	0.1%	+5.85%	32
BROWN ADVISORY INC	Increased	394,889(+3.7%)	$19.9M	0.0%	+6.24%	29
CULLEN/FROST BANKERS, INC.	Increased	372,079(+52.9%)	$18.7M	0.2%	+4.25%	47
CAPTRUST FINANCIAL ADVISORS	Decreased	363,535(-3.4%)	$18.3M	0.0%	+6.17%	0
DEUTSCHE BANK AG\	Decreased	357,179(-1.1%)	$18M	0.0%	+6.86%	0
ASSETMARK, INC	Increased	346,623(+1.8%)	$17.4M	0.0%	+5.17%	29
REGIONS FINANCIAL CORP	Decreased	335,895(-19.9%)	$16.9M	0.1%	+5.91%	0
COMERICA BANK	Increased	332,428(+1.3%)	$16.7M	0.1%	+8.17%	29
STATE OF WISCONSIN INVESTMENT BOARD	Unchanged	309,000	$15.5M	0.0%	+6.17%	0
Equitable Holdings, Inc.	Increased	283,885(+5.2%)	$14.3M	0.1%	+5.66%	30
Merit Financial Group, LLC	Decreased	282,439(-8.4%)	$14.2M	0.1%	+5.83%	0
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	Decreased	279,608(-1.1%)	$14.1M	0.1%	+5.48%	0
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Increased	276,450(+78.0%)	$13.9M	0.0%	+2.78%	43
Lido Advisors, LLC	Increased	264,039(+1.8%)	$13.2M	0.0%	+9.36%	28
&PARTNERS	Decreased	259,988(-16.6%)	$13.2M	0.1%	+4.72%	0
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	Increased	250,690(+42.1%)	$12.6M	0.0%	+2.30%	37
CITIGROUP INC	Decreased	239,937(-1.8%)	$12.1M	0.0%	+5.20%	0
PRUDENTIAL FINANCIAL INC	Decreased	237,500(-9.5%)	$11.9M	0.0%	+5.11%	0
Empower Advisory Group, LLC	Decreased	234,130(-29.8%)	$11.8M	0.0%	+8.59%	0
KEYBANK NATIONAL ASSOCIATION/OH	Increased	215,539(+14.6%)	$10.8M	0.0%	+4.67%	32
RENAISSANCE TECHNOLOGIES LLC	Decreased	211,254(-68.7%)	$10.6M	0.0%	+5.58%	0
Aptus Capital Advisors, LLC	Increased	210,179(+7.6%)	$10.6M	0.1%	+5.24%	30
Farther Finance Advisors, LLC	Increased	204,543(+40.4%)	$10.3M	0.1%	+3.89%	44
Private Advisor Group, LLC	Increased	203,717(+4.8%)	$10.2M	0.0%	+8.54%	29
Rockefeller Capital Management L.P.	Increased	196,815(+20.2%)	$9.9M	0.0%	+7.71%	33
Steward Partners Investment Advisory, LLC	Increased	177,200(+7.5%)	$8.9M	0.0%	+5.68%	30
IEQ CAPITAL, LLC	Decreased	157,422(-52.0%)	$7.9M	0.0%	+5.81%	0
Pinnacle Financial Partners, Inc.	New	144,840	$7.3M	0.1%	+0.92%	38
MAI Capital Management	Increased	142,176(+23.2%)	$7.2M	0.0%	+3.70%	33
Orion Porfolio Solutions, LLC	Increased	133,490(+4.7%)	$6.7M	0.0%	+4.27%	29
BENJAMIN EDWARDS INC	Increased	118,065(+4.8%)	$5.9M	0.1%	+3.67%	28
KING LUTHER CAPITAL MANAGEMENT CORP	Decreased	105,982(-3.0%)	$5.3M	0.0%	+7.75%	0
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	New	98,848	$5M	0.0%	+0.92%	37
AXXCESS WEALTH MANAGEMENT, LLC	Increased	93,889(+20.3%)	$4.7M	0.1%	+8.13%	32
DAVENPORT & Co LLC	Decreased	89,740(-3.4%)	$4.5M	0.0%	+7.23%	0
BLAIR WILLIAM & CO/IL	Increased	81,656(+5.9%)	$4.1M	0.0%	+7.00%	28
UNITED CAPITAL FINANCIAL ADVISORS, LLC	Increased	62,297(+147.2%)	$3.1M	0.0%	+2.69%	43
Fisher Asset Management, LLC	Decreased	55,347(-23.4%)	$2.8M	0.0%	+5.63%	0
Cresset Asset Management, LLC	Decreased	55,301(-15.9%)	$2.8M	0.0%	+6.31%	0
MONETA GROUP INVESTMENT ADVISORS LLC	Decreased	52,878(-0.2%)	$2.7M	0.0%	+4.70%	0
COMMERCE BANK	Increased	48,613(+24.1%)	$2.4M	0.0%	+4.91%	32
CITADEL ADVISORS LLC	Decreased	42,941(-86.0%)	$2.2M	0.0%	+3.86%	0
CIBC Private Wealth Group LLC	Increased	41,332(+84.6%)	$2.1M	0.0%	+3.52%	40
Quantinno Capital Management LP	Increased	38,668(+25.3%)	$1.9M	0.0%	+4.34%	32
HUNTINGTON NATIONAL BANK	Increased	34,636(+4.5%)	$1.7M	0.0%	+5.42%	27
HB Wealth Management, LLC	Decreased	30,069(-0.7%)	$1.5M	0.0%	+6.56%	0
BROWN BROTHERS HARRIMAN & CO	Decreased	28,224(-13.4%)	$1.4M	0.0%	+5.89%	0
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	Increased	25,746(+2.4%)	$1.3M	0.0%	+6.63%	26
NewEdge Wealth, LLC	Decreased	24,188(-21.0%)	$1.2M	0.0%	+3.99%	0
AQR CAPITAL MANAGEMENT LLC	Decreased	23,951(-0.5%)	$1.2M	0.0%	+5.20%	0
AE Wealth Management LLC	Increased	22,485(+73.7%)	$1.1M	0.0%	+4.31%	38
EXCHANGE TRADED CONCEPTS, LLC	Increased	22,168(+56.2%)	$1.1M	0.0%	+3.63%	36
FIRST MANHATTAN CO. LLC.	Decreased	21,027(-10.1%)	$1.1M	0.0%	+5.68%	0
Qube Research & Technologies Ltd	Increased	18,851(+280.2%)	$948,017	0.0%	+2.13%	40
TUDOR INVESTMENT CORP ET AL	New	18,074	$908,941	0.0%	+0.92%	34
D.A. DAVIDSON & CO.	Decreased	16,046(-1.8%)	$806,993	0.0%	+5.70%	0
COOPERMAN LEON G	Unchanged	12,876	$647,534	0.0%	+12.54%	0
XTX Topco Ltd	New	11,983	$602,625	0.0%	+0.92%	34
HSBC HOLDINGS PLC	New	11,497	$578,184	0.0%	+0.92%	34
SIMPLEX TRADING, LLC	Increased	10,806(+702.8%)	$543,433	0.0%	+1.46%	39
ALLIANCEBERNSTEIN L.P.	New	9,532	$479,364	0.0%	+0.92%	33
FIFTH THIRD BANCORP	Increased	7,869(+11.3%)	$395,732	0.0%	+3.32%	27
ZACKS INVESTMENT MANAGEMENT	Increased	7,613(+64.1%)	$382,858	0.0%	+1.90%	35
FIRST TRUST ADVISORS LP	Decreased	6,303(-13.9%)	$316,957	0.0%	+5.08%	0
1832 Asset Management L.P.	Unchanged	5,536	$278,405	0.0%	+5.33%	0
WHITTIER TRUST CO	Increased	5,437(+81.2%)	$274,351	0.0%	+4.14%	36
Dynasty Wealth Management, LLC	Decreased	5,070(-5.0%)	$254,949	0.0%	+6.20%	0
MAIRS & POWER INC	New	4,211	$211,771	0.0%	+0.92%	32
BANK OF MONTREAL /CAN/	New	2,707	$136,135	0.0%	+0.92%	34
NATIONAL BANK OF CANADA /FI/	Unchanged	1,110	$55,822	0.0%	+2.53%	0
Russell Investments Group, Ltd.	Decreased	31(-32.6%)	$1,534	0.0%	+5.58%	0
BNP PARIBAS FINANCIAL MARKETS	Decreased	21(-99.8%)	$1,056	0.0%	+5.56%	0
Kovitz Investment Group Partners, LLC	Exited	0(-100.0%)	$2.9M	0.0%	+6.25%	0
WELLINGTON MANAGEMENT GROUP LLP	Exited	0(-100.0%)	$347.6M	0.0%	+1.60%	0
D. E. Shaw & Co., Inc.	Exited	0(-100.0%)	$21.4M	0.0%	+3.11%	0
HRT FINANCIAL LP	Exited	0(-100.0%)	$1,159	0.0%	+1.60%	0
Boston Trust Walden Corp	Exited	0(-100.0%)	$215,551	0.0%	+1.60%	0

Vanguard Tax-Exempt Bond ETF

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