VANGUARD CALIF TAX FREE FDS (VTEC): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

VANGUARD CALIF TAX FREE FDS (VTEC)

140 + Investors. Track Smart Money conviction in VTEC. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — VTEC

Based on 140 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q

For 7 consecutive quarters, more hedge funds added VTEC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

140 hedge funds hold VTEC right now — the highest count in 2.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +155% more funds vs a year ago

fund count last 6Q

+85 new funds entered over the past year (+155% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 82% buying

100 buying22 selling

Last quarter: 100 funds were net buyers (35 opened a brand new position + 65 added to an existing one). Only 22 were sellers (11 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 14 → 29 → 44 → 35. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔄

Mostly new holders — 59% entered in last year

■ 0% conviction (2yr+) ■ 41% medium ■ 59% new

Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

🚀

Acceleration phase — new buyers rushing in

22 → 14 → 29 → 44 → 35 new funds/Q

New funds entering each quarter: 14 → 29 → 44 → 35. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.

🌱

Early stage — 76% of holders entered in last year

■ 0% veterans ■ 24% 1-2yr ■ 76% new

Of 140 current holders: 107 (76%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds

13 of 140 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in VTEC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

6.5

out of 10

Moderate Exit Risk

Exit risk score 6.5/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	140	116	20.69%
13F Shares	8M	7M	9.43%
Total Value	$764M	$695M	9.97%
New Positions	35	44	-9
Increased Positions	65	43	+22
Closed Positions	11	4	+7
Reduced Positions	11	13	-2
Total Calls	1	0	100%
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

140

116

20.69%

13F Shares

9.43%

Total Value

$764M

$695M

9.97%

New Positions

-9

Increased Positions

+22

Closed Positions

Reduced Positions

-2

Total Calls

100%

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

140 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in VTEC. Verified SEC 13F-HR filings.

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 25 institutional holders of VTEC — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Ballast Rock Private Wealth LLC	2.72%	49,652	$4.9M
2	NDWM LLC	2.69%	41,802	$4.1M
3	Pasadena Private Wealth, LLC	1.90%	139,033	$13.8M
4	DeLarme Wealth Management, Inc.	1.65%	25,885	$2.6M
5	BERNZOTT CAPITAL ADVISORS	1.43%	30,215	$3.0M
6	Luminvest Wealth Management LLC	1.18%	45,647	$4.5M
7	Platt Wealth Management LLC	1.17%	12,140	$1K
8	FF Advisors,LLC	0.93%	22,979	$2.3M
9	Composition Wealth, LLC	0.87%	636,348	$63.0M
10	ECLECTIC ASSOCIATES INC /ADV	0.85%	64,475	$6.4M
11	Ariston Services Group	0.77%	—	$1.3M
12	Bell Investment Advisors, Inc	0.72%	46,244	$4.6M
13	Wedmont Private Capital	0.63%	194,623	$19.4M
14	Integrity Investment Advisors, LLC	0.53%	9,800	$971K
15	CATALYST PRIVATE WEALTH, LLC	0.51%	9,472	$938K
16	Values Added Financial LLC	0.50%	11,991	$1.2M
17	FINANCIAL MANAGEMENT NETWORK INC	0.35%	22,972	$2.3M
18	Madson Wealth Advisors Inc	0.31%	3,816	$378K
19	SWEENEY & MICHEL, LLC	0.25%	8,450	$845K
20	TPG Advisors LLC	0.25%	4,006	$397K
21	Nautilus Advisors LLC	0.23%	3,452	$342K
22	WESPAC Advisors SoCal, LLC	0.23%	10,821	$1.1M
23	Integrated Advisors Network LLC	0.23%	43,285	$4.3M
24	NavPoint Financial, Inc.	0.22%	5,597	$555K
25	Climber Capital SA	0.20%	3,110	$308K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — VANGUARD CALIF TAX FREE FDS (VTEC)

What does the Smart Money Trend signal show for VTEC?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added VTEC than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for VTEC?

More buyers than sellers — 82% buying: Last quarter: 100 funds were net buyers (35 opened a brand new position + 65 added to an existing one). Only 22 were sellers (11 trimmed + 11 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for VTEC holders?

Elite ownership — 60% AUM from top-100 funds: 13 of 140 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in VTEC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held VTEC?

Mostly new holders — 59% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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VANGUARD CALIF TAX FREE FDS (VTEC)

Smart Money Signals — VTEC

Buying streak — 7 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +155% more funds vs a year ago

More buyers than sellers — 82% buying

Fewer new buyers each quarter (-9 vs last Q)

Mostly new holders — 59% entered in last year

Acceleration phase — new buyers rushing in

Early stage — 76% of holders entered in last year

Elite ownership — 60% AUM from top-100 funds

Hedge Fund Ownership: VTEC

Market Analysis: VTEC

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: VTEC

Hedge Fund Positioning: VTEC

Statistics: VTEC

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — VANGUARD CALIF TAX FREE FDS (VTEC)

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