Vanguard SH Term Tax-Ex BondVTESETF
13F holders, Q4 2025 (December 31)240holders +34
39new positions
12sold out
1famous investor
$101.58avg. 13F price*
At the end of Q4 2025, 240 institutions reported holding Vanguard SH Term Tax-Ex Bond (VTES) in their 13F filings, up 34 from Q3 2025. 39 opened new positions and 12 sold out. The largest holders were Mercer Global Advisors Inc. ($133.4M), Wescott Financial Advisory Group, LLC ($67.9M) and Gleason Group, Inc. ($28.8M). One famous investor held it Ken Griffin (0.0% of Citadel Advisors's portfolio).
- Company
- Vanguard SH Term Tax-Ex Bond
- CUSIP
- 921935870
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 39 | $23.2M |
| Exits | 12 | $9.4M |
All 13F filers, Q3 2025 → Q4 2025: 1,089,342 shares bought and 306,969 shares sold, net +782,373 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 240 holders
| Mercer Global Advisors Inc. | 0.20% | Reduce -4.5% | 1,313,515 | $133.4M |
| Wescott Financial Advisory Group, LLC | 5.93% | Add +5.1% | 668,567 | $67.9M |
| Gleason Group, Inc. | 2.82% | Reduce -6.9% | 283,444 | $28.8M |
| Tiaa Trust, National Association | 0.07% | Add +12.5% | 281,168 | $28.6M |
| Bank of America Corp. | 0.00% | Add +7.3% | 279,031 | $28.3M |
| Raymond James Financial Inc. | 0.01% | Add +92.5% | 273,615 | $27.8M |
| Karpus Management, Inc. | 0.82% | Reduce -12.5% | 262,800 | $26.7M |
| Seeds Investor LLC | 3.69% | Add +3.8% | 189,558 | $19.3M |
| Bedel Financial Consulting, Inc. | 1.80% | Add +628.7% | 164,779 | $16.7M |
| Corient Private Wealth LP | 0.02% | Reduce -4.2% | 156,555 | $15.9M |
| Wells Fargo & Company | 0.00% | Add +36.0% | 140,189 | $14.2M |
| Cetera Investment Advisers | 0.01% | Reduce -1.4% | 116,241 | $11.8M |
| Savant Capital, LLC | 0.06% | Add +13.0% | 106,331 | $10.8M |
| Beaird Harris Wealth Management, LLC | 0.71% | Reduce -6.2% | 101,454 | $10.3M |
| Wealth Enhancement Advisory Services, LLC | 0.01% | Add +1.9% | 97,868 | $10.0M |
| Stonebridge Capital Advisors LLC | 0.65% | Add +8.3% | 91,915 | $9.3M |
| Beacon Bank & Trust | 1.87% | Add +9.8% | 90,511 | $9.2M |
| Commonwealth Equity Services, LLC | 0.01% | Add +180.3% | 87,640 | $8.9M |
| Beacon Pointe Advisors, LLC | 0.06% | Add +3.1% | 85,411 | $8.7M |
| Truist Financial Corp. | 0.01% | Add +86.2% | 81,233 | $8.3M |
| Goldman Sachs Group Inc. | 0.00% | Add +222.2% | 77,581 | $7.9M |
| Capital Investment Services of America, Inc. | 0.73% | Add +0.1% | 76,420 | $7.8M |
| Hughes Financial Services, LLC | 1.15% | Add +1.6% | 72,147 | $7.3M |
| Envestnet Asset Management Inc. | 0.00% | Add +10.2% | 70,418 | $7.2M |
| Jones Financial Companies LLLP | 0.00% | Add +55.5% | 67,354 | $6.8M |
| Firestone Capital Management | 1.18% | Add +14.9% | 54,692 | $5.6M |
| LPL Financial LLC | 0.00% | Add +27.0% | 52,133 | $5.3M |
| Topsail Wealth Management, LLC | 0.76% | Add +0.0% | 51,105 | $5.2M |
| Apella Capital, LLC | 0.10% | New | 50,462 | $5.1M |
| Legacy PCG, LLC | 3.10% | Reduce -2.6% | 49,226 | $5.0M |
| Eclectic Associates Inc. | 0.78% | Add +25.5% | 48,974 | $5.0M |
| Ashton Thomas Private Wealth, LLC | 0.12% | Add +39.4% | 46,449 | $4.7M |
| Altiora Financial Group, LLC | 0.77% | Add +8.4% | 44,151 | $4.5M |
| Dakota Wealth Management | 0.08% | Add +26.1% | 44,079 | $4.5M |
| Mayport, LLC | 0.85% | Add +35.7% | 41,337 | $4.2M |
| IF Advisors, LLC | 3.30% | — | 40,000 | $4.1M |
| TCI Wealth Advisors, Inc. | 0.22% | Add +0.4% | 39,649 | $4.0M |
| Osaic Holdings, Inc. | 0.01% | Add +6.8% | 39,441 | $4.0M |
| UBS Group AG | 0.00% | Add +2.0% | 39,372 | $4.0M |
| Private Advisor Group, LLC | 0.02% | Add +37.5% | 36,036 | $3.7M |
| Financial Engines Advisors L.L.C. | 0.01% | Reduce -1.6% | 33,344 | $3.4M |
| Haven Private, LLC | 1.45% | Add +2.5% | 32,724 | $3.3M |
| Sterling Financial Planning, Inc. | 0.97% | Add +5.5% | 31,810 | $3.2M |
| Genesis Private Wealth, LLC | 0.97% | Add +1.9% | 30,810 | $3.1M |
| BlueChip Wealth Advisors LLC | 1.30% | Add +15.0% | 30,426 | $3.1M |
| Stifel Financial Corp. | 0.00% | Add +75.2% | 29,881 | $3.0M |
| GenTrust, LLC | 0.13% | Add +28.3% | 28,463 | $2.9M |
| Aspire Private Capital, LLC | 0.62% | Add +0.1% | 27,562 | $2.8M |
| Morgan Stanley | 0.00% | Add +2219.3% | 26,927 | $2.7M |
| S.A. Mason LLC | 1.07% | New | 26,606 | $2.7M |
| Burton Enright Welch | 0.37% | Add +11.2% | 25,989 | $2.6M |
| Evanson Asset Management, LLC | 0.14% | Reduce -1.3% | 25,468 | $2.6M |
| Haverford Trust Co | 0.02% | Add +25.0% | 24,550 | $2.5M |
| Clearstead Advisors, LLC | 0.03% | Add +39.8% | 24,180 | $2.5M |
| Brown Wealth Management, LLC | 0.62% | Add +2.7% | 23,310 | $2.4M |
| Susquehanna International Group, LLP | 0.00% | New | 23,195 | $2.4M |
| Atria Investments, Inc | 0.03% | Reduce -16.1% | 21,985 | $2.2M |
| Silver Oak Advisory Group, Inc. | 1.01% | Add +0.3% | 21,942 | $2.2M |
| Frankly Finances, LLC | 2.05% | — | 21,268 | $2.2M |
| Royal Bank of Canada | 0.00% | Add +101.2% | 21,082 | $2.1M |
| Jacobson & Schmitt Advisors, LLC | 0.36% | Add +3.0% | 20,767 | $2.1M |
| HB Wealth Management, LLC | 0.01% | Add +4.4% | 20,341 | $2.1M |
| Eaton-Cambridge Inc. | 0.67% | Add +49.6% | 20,104 | $2.0M |
| Diversified Portfolios, Inc. | 0.17% | Add +1.8% | 19,904 | $2.0M |
| Daymark Wealth Partners, LLC | 0.06% | Add +43.0% | 19,259 | $2.0M |
| Allodium Investment Consultants, LLC | 0.98% | Add +19.9% | 19,036 | $1.9M |
| Passive Capital Management, LLC. | 0.59% | Add +8.3% | 18,639 | $1.9M |
| Citadel Advisors | 0.00% | Add +12.0% | 18,399 | $1.9M |
| Choate Investment Advisors | 0.04% | Add +0.9% | 17,815 | $1.8M |
| Modern Wealth Management, LLC | 0.03% | Add +7.5% | 17,468 | $1.8M |
| Whitegate Investment Counselors, Inc. | 0.55% | No change | 17,380 | $1.8M |
| Avior Wealth Management, LLC | 0.05% | Add +70.4% | 16,935 | $1.7M |
| Farther Finance Advisors, LLC | 0.02% | Add +57.5% | 16,296 | $1.7M |
| Brown Advisory Inc. | 0.00% | Reduce -49.8% | 16,146 | $1.6M |
| EverSource Wealth Advisors, LLC | 0.06% | Add +20.7% | 15,728 | $1.6M |
| NewEdge Advisors, LLC | 0.01% | Add +7.3% | 15,010 | $1.5M |
| Single Point Partners, LLC | 0.29% | Add +5.1% | 14,537 | $1.5M |
| Laurel Wealth Advisors LLC | 0.19% | Add +0.0% | 14,483 | $1.5M |
| Cardiff Park Advisors, LLC | 0.12% | Add +0.0% | 14,115 | $1.4M |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | 0.08% | Add +10.9% | 13,965 | $1.4M |
| Pathstone Holdings, LLC | 0.01% | No change | 13,940 | $1.4M |
| Arax Advisory Partners | 0.04% | New | 13,925 | $1.4M |
| OneDigital Investment Advisors LLC | 0.01% | Add +2.5% | 13,916 | $1.4M |
| Integrity Investment Advisors, LLC | 0.77% | Add +4.8% | 13,785 | $1.4M |
| Burney Co./ | 0.04% | Add +9.7% | 12,251 | $1.2M |
| SwitchPoint Financial Planning, LLC | 0.84% | Reduce -0.8% | 11,850 | $1.2M |
| Flagship Harbor Advisors, LLC | 0.05% | Add +19.4% | 11,156 | $1.1M |
| Janney Montgomery Scott LLC | 0.00% | Reduce -0.2% | 11,025 | $1.1M |
| Ballast Rock Private Wealth LLC | 0.70% | — | 10,969 | $1.1M |
| Blair William & Co. | 0.00% | Add +21.1% | 10,854 | $1.1M |
| Alhambra Investment Management LLC | 0.51% | No change | 10,800 | $1.1M |
| Sunesis Advisors, LLC | 0.49% | No change | 10,674 | $1.1M |
| Planning Center, Inc. | 0.11% | No change | 10,664 | $1.1M |
| TAGStone Capital, Inc. | 0.39% | Reduce -6.9% | 10,373 | $1.1M |
| Tribridge Partners Financial LLC | 0.43% | Add +29.6% | 10,163 | $1.0M |
| Pillar Financial Advisors, LLC | 0.59% | Add +13.8% | 9,698 | $985K |
| Waverly Advisors, LLC | 0.01% | Reduce -0.4% | 9,543 | $969K |
| Rothschild Wealth LLC | 0.09% | New | 9,357 | $950K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Reduce -38.5% | 9,295 | $944K |
| Bridgewealth Advisory Group, LLC | 0.21% | Reduce -6.1% | 9,182 | $933K |
| Per Stirling Capital Management, LLC. | 0.10% | Add +44.8% | 9,108 | $925K |
| Focus Partners Wealth | 0.00% | Add +10.9% | 8,971 | $911K |
| Concurrent Investment Advisors, LLC | 0.01% | Add +9.5% | 8,760 | $890K |
| Three Arch Wealth Management LLC | 0.16% | — | 8,636 | $877K |
| Gutierrez Wealth Advisory, LLC | 0.53% | Reduce -46.3% | 8,307 | $844K |
| Betterment LLC | 0.00% | Add +4.8% | 8,055 | $818K |
| Headinvest, LLC | 0.16% | No change | 7,934 | $806K |
| Savvy Advisors, Inc. | 0.03% | Reduce -15.1% | 7,892 | $802K |
| Quantinno Capital Management LP | 0.00% | Add +205.4% | 7,509 | $763K |
| URS Advisory LLC | 0.63% | — | 7,480 | $760K |
| Fortune Financial Advisors, LLC | 0.48% | Add +60.3% | 7,067 | $718K |
| Rockbridge Investment Management, LCC | 0.07% | Add +56.6% | 7,062 | $717K |
| RCS Financial Planning, LLC | 0.31% | No change | 6,990 | $710K |
| EnRich Financial Partners LLC | 0.19% | Reduce -0.3% | 6,881 | $699K |
| Bridgewater Advisors Inc. | 0.04% | No change | 6,797 | $693K |
| Thrive Wealth Management, LLC | 0.10% | No change | 6,741 | $685K |
| Arbor Investment Advisors, LLC | 0.09% | New | 6,644 | $675K |
| Eagle Rock Investment Company, LLC | 0.09% | Reduce -14.3% | 6,622 | $673K |
| VSM Wealth Advisory, LLC | 0.20% | Add +7.4% | 6,619 | $672K |
| MML Investors Services, LLC | 0.00% | Add +34.4% | 6,570 | $667K |
| Cornerstone Financial Management LLC | 0.62% | — | 6,545 | $665K |
| Integrity Wealth Solutions LLC | 0.26% | Add +0.4% | 6,459 | $656K |
| Cwm, LLC | 0.00% | New | 6,448 | $655K |
| Creative Financial Designs Inc. | 0.04% | Reduce -83.3% | 6,266 | $637K |
| Manuka Financial, LLC | 0.39% | New | 6,131 | $623K |
| Directional Asset Management | 0.53% | — | 5,977 | $607K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Reduce -17.1% | 5,874 | $597K |
| First Heartland Consultants, Inc. | 0.04% | Add +3.4% | 5,569 | $566K |
| XML Financial, LLC | 0.05% | Add +61.6% | 5,519 | $561K |
| HighTower Advisors, LLC | 0.00% | Add +156.8% | 5,514 | $560K |
| Mariner, LLC | 0.00% | Reduce -18.1% | 5,486 | $557K |
| Crews Bank & Trust | 0.08% | Reduce -1.8% | 5,450 | $554K |
| Stone Summit Wealth LLC | 0.15% | Add +39.3% | 5,351 | $544K |
| Rehmann Capital Advisory Group | 0.03% | New | 5,238 | $532K |
| Main Street Financial Solutions, LLC | 0.04% | Add +17.2% | 5,177 | $526K |
| Kestra Advisory Services, LLC | 0.00% | Add +0.1% | 5,172 | $525K |
| L.K. Benson & Company, P.C. | 0.26% | Add +1.6% | 5,142 | $522K |
| Harbour Investments, Inc. | 0.01% | Add +22.0% | 5,119 | $520K |
| Quantum Financial Planning Services, Inc. | 0.19% | No change | 5,079 | $516K |
| Montis Financial, LLC | 0.10% | Add +13.6% | 5,063 | $514K |
| Congress Park Capital LLC | 0.15% | New | 5,000 | $508K |
| Piscataqua Savings Bank | 0.36% | Add +25.0% | 5,000 | $508K |
| Envestnet Portfolio Solutions, Inc. | 0.00% | Add +0.3% | 4,946 | $502K |
| CoreCap Advisors, LLC | 0.02% | Add +0.5% | 4,801 | $488K |
| HUB Investment Partners, LLC | 0.01% | New | 4,698 | $477K |
| Oxbow Advisors, LLC | 0.04% | Reduce -12.9% | 4,667 | $474K |
| Meridian Wealth Management, LLC | 0.02% | New | 4,600 | $467K |
| Avidian Wealth Enterprises, LLC | 0.02% | Add +0.0% | 4,592 | $466K |
| Eldridge Investment Advisors, Inc. | 0.10% | No change | 4,499 | $457K |
| Allworth Financial LP | 0.00% | Add +49.1% | 4,411 | $448K |
| &partners | 0.00% | New | 4,390 | $446K |
| Cerity Partners LLC | 0.00% | New | 4,362 | $443K |
| Global Retirement Partners, LLC | 0.01% | Add +438.4% | 4,302 | $437K |
| Symmetry Partners, LLC | 0.02% | New | 4,040 | $410K |
| Stone Loft Wealth Management LLC | 0.38% | — | 3,954 | $402K |
| Elser Financial Planning, Inc | 0.29% | Add +86.3% | 3,945 | $401K |
| Baird Financial Group, Inc. | 0.00% | New | 3,909 | $397K |
| Sequoia Financial Advisors, LLC | 0.00% | Add +71.3% | 3,900 | $396K |
| Equitable Holdings, Inc. | 0.00% | New | 3,850 | $391K |
| Pennsylvania Capital Management Inc. | 0.11% | New | 3,812 | $387K |
| Hurlow Wealth Management Group, Inc. | 0.09% | Add +24.3% | 3,741 | $380K |
| CVA Family Office, LLC | 0.04% | Add +6.0% | 3,715 | $377K |
| Bluespring Wealth Management, LLC | 0.03% | Add +16.0% | 3,640 | $370K |
| Summit Financial, LLC | 0.01% | New | 3,626 | $368K |
| McIlrath & Eck, LLC | 0.03% | Add +18.8% | 3,591 | $365K |
| ETF Portfolio Partners, Inc. | 0.09% | Reduce -30.1% | 3,490 | $354K |
| Bryn Mawr Trust Advisors, LLC | 0.02% | No change | 3,483 | $354K |
| Valley Financial Group, Inc. | 0.19% | Add +23.8% | 3,399 | $345K |
| Sanctuary Advisors, LLC | 0.00% | Add +21.5% | 3,393 | $345K |
| SigFig Wealth Management, LLC | 0.01% | Add +4.6% | 3,357 | $341K |
| Surience Private Wealth LLC | 0.39% | New | 3,352 | $340K |
| Trellis Wealth Advisors LLC | 0.13% | No change | 3,279 | $333K |
| Burling Wealth Partners, LLC | 0.05% | Reduce -3.6% | 3,219 | $327K |
| Garner Asset Management Corp | 0.12% | New | 3,200 | $325K |
| MB Generational Wealth, LLC | 0.17% | Add +41.9% | 3,122 | $317K |
| Kestra Private Wealth Services, LLC | 0.00% | Add +4.2% | 3,092 | $314K |
| Midwestern Financial, LLC | 0.25% | Add +0.9% | 2,973 | $302K |
| TCFG Wealth Management, LLC | 0.12% | Reduce -2.3% | 2,956 | $300K |
| Independent Financial Group, LLC | 0.01% | New | 2,950 | $300K |
| Fiduciary Advisors, Inc. | 0.22% | New | 2,859 | $290K |
| McNaughton Wealth Management, LLC | 0.12% | New | 2,845 | $289K |
| Compass Advisory Group LLC | 0.07% | New | 2,717 | $276K |
| Willis Johnson & Associates, Inc. | 0.02% | No change | 2,658 | $270K |
| Moneta Group Investment Advisors LLC | 0.00% | No change | 2,655 | $270K |
| Hilltop Holdings Inc. | 0.02% | Add +0.3% | 2,632 | $267K |
| Magnolia Private Wealth, LLC | 0.18% | Reduce -7.7% | 2,592 | $263K |
| MCF Advisors LLC | 0.01% | New | 2,535 | $257K |
| Essex Bank | 0.05% | No change | 2,490 | $253K |
| Root Financial Partners, LLC | 0.01% | Reduce -11.4% | 2,485 | $252K |
| Vise Technologies, Inc. | 0.00% | New | 2,485 | $252K |
| MassMutual Private Wealth & Trust, FSB | 0.01% | Reduce -20.4% | 2,467 | $251K |
| North Star Investment Management Corp. | 0.02% | New | 2,460 | $250K |
| Lodestone Wealth Management LLC | 0.10% | No change | 2,450 | $249K |
| Ritter Daniher Financial Advisory LLC / DE | 0.04% | No change | 2,450 | $249K |
| Walter & Keenan Wealth Management LLC /in/ | 0.07% | Reduce -9.4% | 2,400 | $244K |
| Fortis Group Advisors, LLC | 0.04% | Add +0.7% | 2,366 | $242K |
| Retirement Planning Group, LLC | 0.01% | No change | 2,377 | $241K |
| PDS Planning, Inc | 0.02% | Add +6.5% | 2,374 | $241K |
| CGN Advisors LLC | 0.02% | Add +1.6% | 2,349 | $239K |
| Alesco Advisors, LLC, An ESL Co | 0.01% | New | 2,340 | $238K |
| Essex Financial Services, Inc. | 0.01% | No change | 2,340 | $238K |
| Wealth Enhancement Trust Services, Inc. | 0.03% | — | 2,336 | $237K |
| Level Financial Advisors | 0.06% | No change | 2,292 | $233K |
| Financial Plan, Inc. | 0.03% | — | 2,275 | $231K |
| Boston Family Office LLC | 0.01% | No change | 2,250 | $229K |
| Cornerstone Wealth Group, LLC | 0.02% | No change | 2,249 | $228K |
| Washington Trust Advisors, Inc. | 0.02% | Add +0.7% | 2,210 | $225K |
| B. Riley Wealth Advisors, Inc. | 0.01% | New | 2,206 | $224K |
| SeaCrest Wealth Management, LLC | 0.02% | New | 2,148 | $219K |
| Portland Financial Advisors Inc | 0.44% | New | 2,017 | $205K |
| Life Planning Partners, Inc | 0.16% | Reduce -23.2% | 2,000 | $203K |
| BOS Asset Management, LLC | 0.05% | No change | 1,990 | $202K |
| Core Wealth Advisors, Inc. | 0.05% | No change | 1,979 | $201K |
| Wedbush Securities Inc. | 0.01% | No change | 1,975 | $201K |
| JFS Wealth Advisors, LLC | 0.01% | Reduce -0.1% | 1,976 | $201K |
| Mason Investment Advisory Services, Inc. | 0.01% | New | 1,970 | $200K |
| Rothschild Investment LLC | 0.01% | Add +32.5% | 1,656 | $168K |
| Graney & King, LLC | 0.09% | Add +295.5% | 1,570 | $159K |
| JPMorgan Chase & Co. | 0.00% | Add +187.7% | 1,522 | $155K |
| Hanson & Doremus Investment Management | 0.02% | Add +0.8% | 1,474 | $150K |
| CIBC Private Wealth Group LLC | 0.00% | No change | 1,298 | $132K |
| Principia Wealth Advisory, LLC | 0.06% | No change | 941 | $96K |
| Signature Equity Partners, LLC | 0.05% | — | 891 | $91K |
| Financial Management Professionals, Inc. | 0.01% | No change | 700 | $71K |
| American National Bank & Trust | 0.01% | Add +117.0% | 651 | $66K |
| AE Wealth Management LLC | 0.00% | New | 586 | $60K |
| Vermillion Wealth Management, Inc. | 0.02% | Reduce -75.0% | 537 | $55K |
| Gould Capital, LLC | 0.03% | New | 500 | $51K |
| Eastern Bank | 0.00% | No change | 500 | $51K |
| C M Bidwell & Associates Ltd. | 0.02% | No change | 443 | $45K |
| Rossby Financial, LCC | 0.01% | Add +27.3% | 410 | $42K |
| Physician Wealth Advisors, Inc. | 0.01% | No change | 377 | $38K |
| Birchwood Financial Partners, Inc. | 0.04% | — | 350 | $36K |
| Nepc LLC | 0.00% | New | 299 | $30K |
| MAI Capital Management | 0.00% | No change | 299 | $30K |
| IFP Advisors, Inc | 0.00% | Add +0.8% | 258 | $26K |
| Strategic Investment Solutions, Inc. | 0.01% | New | 216 | $22K |
| Steward Partners Investment Advisory, LLC | 0.00% | No change | 200 | $20K |
| Optima Capital LLC | 0.01% | New | 187 | $19K |
| Raffa Wealth Management, LLC | 0.00% | New | 165 | $17K |
"% of holder's portfolio" is VTES's weight in each manager's 13F, not the share of Vanguard SH Term Tax-Ex Bond the manager owns.