Who Owns VANGUARD MUN BD FDS (VTEL)?Hedge Fund & Institutional Holders
$103.50+0.50 (+0.49%)BATS
Institutional Holders
17
as of Q4 2025
Total Institutional Value
$2.98500023230001e+61T
% of Float Held
—
QoQ Change in Holders
+12 / -3
Price History
VTEL — Biggest New Institutional Buyers This Quarter
| Fund | Action | Shares Added | Value Added |
|---|---|---|---|
| Ashton Thomas Private Wealth, LLC | New Position | +29K | +$3.0B |
| OLD MISSION CAPITAL LLC | Increased | +10K | +$1.0B |
| OSAIC HOLDINGS, INC. | New Position | +12K | +$1.0B |
| BANK OF AMERICA CORP /DE/ | New Position | +13K | +$1.0B |
| Sowell Financial Services LLC | New Position | +3K | +$310.0M |
| True Wealth Design, LLC | New Position | +2K | +$209.0M |
| Farther Finance Advisors, LLC | New Position | +505 | +$52.0M |
| Janney Montgomery Scott LLC | New Position | +110K | +$11.0M |
| Sage Investment Counsel LLC | New Position | +3K | +$310K |
| CITADEL ADVISORS LLC | New Position | +4K | +$0 |
| Global Retirement Partners, LLC | New Position | +1K | +$0 |
| COMMONWEALTH EQUITY SERVICES, LLC | New Position | +2K | +$0 |
| RAYMOND JAMES FINANCIAL INC | New Position | +3K | +$0 |
| JANE STREET GROUP, LLC | Increased | +78K | +$-4.3B |
| HighTower Advisors, LLC | Increased | +104K | +$-4.4B |
VTEL — Institutions Reducing or Closing Positions
| Fund | Action | Shares Sold | Value Sold |
|---|---|---|---|
| Elequin Capital, LP | Closed Position | -5K | -$539.9M |
| Quantinno Capital Management LP | Closed Position | -5K | -$494.6M |
| Advisory Services Network, LLC | Closed Position | -500 | -$51.4M |
Top Institutional Holders(Q4 2025)
| # | Fund | Shares | Value | % of Portfolio | Type |
|---|---|---|---|---|---|
| 1 | Ashton Thomas Private Wealth, LLC | 28,813 | $3.0B | 0.07% | Share |
| 2 | OLD MISSION CAPITAL LLC | 22,418 | $2.3B | 0.05% | Share |
| 3 | BANK OF AMERICA CORP /DE/ | 12,837 | $1.0B | 0.07% | Share |
| 4 | OSAIC HOLDINGS, INC. | 11,591 | $1.0B | 1.46% | Share |
| 5 | Sowell Financial Services LLC | 3,000 | $310.0M | 0.01% | Share |
| 6 | True Wealth Design, LLC | 2,025 | $209.0M | 0.06% | Share |
| 7 | Farther Finance Advisors, LLC | 505 | $52.0M | 0.56% | Share |
| 8 | HighTower Advisors, LLC | 146,503 | $15.0M | 0.02% | Share |
| 9 | JANE STREET GROUP, LLC | 119,687 | $12.0M | 0.00% | Share |
| 10 | Janney Montgomery Scott LLC | 110,183 | $11.0M | 0.03% | Share |
| 11 | Sage Investment Counsel LLC | 3,000 | $310K | 0.34% | Share |
| 12 | HARBOUR INVESTMENTS, INC. | 2,011 | $208K | 0.00% | Share |
| 13 | COMMONWEALTH EQUITY SERVICES, LLC | 2,118 | $0 | 0.00% | Share |
| 14 | Global Retirement Partners, LLC | 1,419 | $0 | 0.00% | Share |
| 15 | Colonial Trust Co / SC | 1,493 | $0 | 0.00% | Share |
| 16 | RAYMOND JAMES FINANCIAL INC | 3,323 | $0 | 0.00% | Share |
| 17 | CITADEL ADVISORS LLC | 3,516 | $0 | 0.00% | Share |
VTEL Institutional Ownership History
| Quarter | Holders | Total Value | Change |
|---|---|---|---|
| Q4 2025 | 17 | $7.9B | +9 |
| Q3 2025 | 8 | $11.4B | +6 |
| Q2 2025 | 2 | $8.4B | — |
As of Q4 2025, 17 institutional investors hold VTEL (VANGUARD MUN BD FDS). The largest holder is Ashton Thomas Private Wealth, LLC with $3.0B in shares. This quarter, 12 institutions opened new positions and 3 closed their positions.
Frequently Asked Questions
How many hedge funds own VTEL?
As of Q4 2025, 17 institutional investors report holding VTEL (VANGUARD MUN BD FDS) in their 13F filings.
Who is the largest institutional holder of VTEL?
The largest institutional holder of VTEL is Ashton Thomas Private Wealth, LLC with $3.0B in shares.
Is institutional ownership of VTEL increasing or decreasing?
This quarter, 12 institutions opened new positions in VTEL and 3 closed their positions.