Vanguard Calif Tax Free Fds (VTEC): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Vanguard Calif Tax Free Fds (VTEC) following the 2026 Q1 hedge fund 13F filings?

As of today, VTEC has moved +1.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of +0.4%. Since the quarter end (March 31, 2026), VTEC gained +1.2% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Vanguard Calif Tax Free Fds (VTEC)

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

Smart Money Signals — VTEC

Based on 173 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 8 quarters in a row

last 6Q

For 8 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

173 hedge funds hold VTEC right now — the highest count in 2.2 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 — +193% more funds vs a year ago

fund count last 6Q

+114 new funds entered over the past year (+193% 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

120 buying27 selling

Last quarter: 120 funds were net buyers (37 opened a brand new position + 83 added to an existing one). Only 27 were sellers (18 trimmed + 9 sold completely). A clear majority buying is a strong confirmation signal.

➡️

Steady new buyers — ~37 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 29 → 46 → 38 → 37. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 56% entered in last year

■ 3% conviction (2yr+) ■ 40% medium ■ 56% new

Only 6 funds (3%) 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.

➡️

Steady discovery — ~37 new funds/quarter

16 → 29 → 46 → 38 → 37 new funds/Q

New funds entering each quarter: 29 → 46 → 38 → 37. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🌱

Early stage — 71% of holders entered in last year

■ 0% veterans ■ 29% 1-2yr ■ 71% new

Of 175 current holders: 124 (71%) 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

16 of 172 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.

6.1

out of 10

Moderate Exit Risk

Exit risk score 6.1/10 — 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 (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	173	145	19.31%
13F Shares	9M	8M	15.01%
Total Value	$868M	$767M	13.2%
New Positions	37	38	-1
Increased Positions	83	67	+16
Closed Positions	9	12	-3
Reduced Positions	18	11	+7
Total Calls	1	1	-
Total Puts	1	0	100%
PUT/CALL Ratio	1.0	0.0	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

173

145

19.31%

13F Shares

15.01%

Total Value

$868M

$767M

13.2%

New Positions

-1

Increased Positions

+16

Closed Positions

-3

Reduced Positions

Total Calls

Total Puts

100%

PUT/CALL Ratio

1.0

0.0

Neutral

Institutional Holders (2026 Q1)

173 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 VTEC holders by conviction (% of portfolio weight) — 2026 Q1 · 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	Shared Vision Wealth Group LLC	2.32%	57,477	$5.7M
4	Pasadena Private Wealth, LLC	1.90%	139,033	$13.8M
5	DeLarme Wealth Management, Inc.	1.65%	25,885	$2.6M
6	Bernzott Capital Advisors	1.43%	30,215	$3.0M
7	Luminvest Wealth Management LLC	1.18%	45,647	$4.5M
8	Synergy Financial Group, LTD	1.15%	15,453	$1.5M
9	FF Advisors,LLC	0.93%	22,979	$2.3M
10	Composition Wealth, LLC	0.87%	636,348	$63.0M
11	Eclectic Associates Inc /Adv	0.85%	64,475	$6.4M
12	Altiora Financial Group, LLC	0.82%	50,000	$5.0M
13	Ariston Services Group	0.77%	—	$1.3M
14	Bell Investment Advisors, Inc	0.72%	46,244	$4.6M
15	Brio Consultants, LLC	0.70%	57,691	$5.7M
16	Wedmont Private Capital	0.63%	194,623	$19.4M
17	Ducere Wealth Management LLC	0.59%	15,094	$1.5M
18	Integrity Investment Advisors, LLC	0.53%	9,800	$971K
19	Catalyst Private Wealth, LLC	0.51%	9,472	$938K
20	Values Added Financial LLC	0.50%	11,991	$1.2M
21	Manhattan West Asset Management, LLC	0.48%	24,634	$2.4M
22	FLC Capital Advisors	0.46%	26,015	$2.6M
23	North Berkeley Wealth Management, LLC	0.44%	8,322	$825K
24	Argyle Capital Partners, LLC	0.36%	5,000	$495K
25	Financial Management Network Inc	0.35%	22,972	$2.3M

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 — 8 quarters in a row: For 8 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: 120 funds were net buyers (37 opened a brand new position + 83 added to an existing one). Only 27 were sellers (18 trimmed + 9 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: 16 of 172 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 — 56% entered in last year: Only 6 funds (3%) 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.

Is it too late to buy Vanguard Calif Tax Free Fds (VTEC) following the 2026 Q1 hedge fund 13F filings?

As of today, VTEC has moved +1.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of +0.4%. Since the quarter end (March 31, 2026), VTEC has gained +1.2% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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 — 8 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +193% more funds vs a year ago

More buyers than sellers — 82% buying

Steady new buyers — ~37 new funds per quarter

Mostly new holders — 56% entered in last year

Steady discovery — ~37 new funds/quarter

Early stage — 71% of holders entered in last year

Elite ownership — 60% AUM from top-100 funds

Institutional Sentiment Summary — VTEC

Hedge Fund Ownership: VTEC

Market Analysis: VTEC

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: VTEC

Is It Too Late to Buy Vanguard Calif Tax Free Fds (VTEC) Based on Hedge Fund 13F Filings?

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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