VTEB
Vanguard Tax-Exempt Bond ETF · Financial Services · Asset Management - Bonds
Momentum inputs (comparable managers):
holder breadth +9.1% ·
share flow +3.3% ·
net new positions +8.3%
— formula
Broad accumulation — rising shares across more holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 77 | -1 | 413.36M | $20.91B | +3 | −4 |
| Q1 2026 | 79 | +3 | 385.41M | $19.22B | +4 | −1 |
| Q4 2025 | 75 | -2 | 437.63M | $22.01B | — | −2 |
| Q3 2025 | 12 | +1 | 254.33M | $12.73B | +1 | — |
| Q2 2025 | 8 | 0 | 24.52M | $1.20B | +1 | −1 |
| Q1 2025 | 5 | -1 | 4.80M | $237.97M | — | −1 |
| Q4 2024 | 6 | 0 | 3.08M | $154.34M | — | — |
| Q3 2024 | 6 | +2 | 1.24M | $63.35M | +2 | — |
| Q2 2024 | 4 | — | 673.35K | $33.74M | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | JPMorgan Chase ✦ | 198.18M | — | $9.92B | 0.3% | n/c | 1 | SEC ↗ ×22 |
| 2 | Morgan Stanley ✦ | 23.00M | — | $1.15B | 0.1% | n/c | 1 | SEC ↗ ×5 |
| 3 | Fidelity (FMR) ✦ | 20.33M | +2.7% | $1.02B | 0.1% | ▲ Add | 2 | SEC ↗ ×2 |
| 4 | Wellington Management ✦ | 6.94M | New | $347.64M | 0.1% | New | 1 | SEC ↗ ×2 |
| 5 | The Vanguard Group ✦ (passive) | 3.74M | +18.5% | $187.47M | 0.0% | ▲ Add | 2 | SEC ↗ ×3 |
| 6 | Renaissance Technologies ✦ | 673.90K | -35.9% | $33.74M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 7 | Goldman Sachs Group ✦ | 624.03K | — | $31.25M | 0.0% | n/c | 1 | SEC ↗ |
| 8 | D. E. Shaw & Co. ✦ | 426.80K | +56.8% | $21.37M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 9 | Citadel Advisors ✦ | 306.34K | +133.9% | $15.34M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 10 | Fisher Asset Management ✦ | 72.20K | -2.2% | $3.62M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 11 | AQR Capital Management ✦ | 24.06K | 0.0% | $1.20M | 0.0% | Held | 6 | SEC ↗ ×2 |
| 12 | BlackRock ✦ (passive) | 9.03K | -36.5% | $451,958 | 0.0% | ▼ Trim | 2 | SEC ↗ ×2 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Wellington Management | $347.64M | 0.1% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1,335 holders, 518.59M shares, $25.30B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.