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Vanguard Tax-Exempt Bond Index Fund
VTEB

292 hedge funds and large institutions have $3.47B invested in Vanguard Tax-Exempt Bond Index Fund in 2019 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 123 increasing their positions, 62 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 19

98% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 62

11% more capital invested

Capital invested by funds: $3.14B → $3.47B (+$332M)

8% more funds holding in top 10

Funds holding in top 10: 12 → 13 (+1)

7% more funds holding

Funds holding: 274 → 292 (+18)

2.46% less ownership

Funds ownership: 69.44% → 66.98% (-2.5%)

Holders
292
Holders Change
+18
Holders Change %
+6.57%
% of All Funds
6.34%
Holding in Top 10
13
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+8.33%
% of All Funds
0.28%
New
40
Increased
123
Reduced
62
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wealthfront Advisers
Wealthfront Advisers
California
+$68.7M
2
CSIA
Charles Schwab Investment Advisory
California
+$64.5M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$37.6M
4
UBS Group
UBS Group
Switzerland
+$21.7M
5
Wells Fargo
Wells Fargo
California
+$21.6M

Top Sellers

1
Jane Street
Jane Street
New York
-$28.7M
2
EI
Ellevest Inc
New York
-$15.6M
3
RMC
Regis Management Company
California
-$11.6M
4
Citadel Advisors
Citadel Advisors
Florida
-$4.25M
5
Ameriprise
Ameriprise
Minnesota
-$3.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
VCM
276
Vigilant Capital Management
Maine
$21K +$20.4K +389 New
CBT
277
Central Bank & Trust
Kentucky
$18K – – –
FANJ
278
Financial Architects (New Jersey)
New Jersey
$18K – – –
LIA
279
LS Investment Advisors
Michigan
$18K – – –
SSB
280
Sandy Spring Bank
Maryland
$16K – – –
TIM
281
Tortoise Investment Management
New York
$16K – – –
LF
282
Lee Financial
Texas
$15K – – –
JPLA
283
Joseph P. Lucia & Associates
New York
$8K -$401K -7,642 -98%
SMFS
284
Squar Milner Financial Services
California
$8K – – –
MFT
285
Moisand Fitzgerald Tamayo
Florida
$7K – – –
QCIG
286
Quad-Cities Investment Group
Iowa
$6K – – –
Fifth Third Bancorp
287
Fifth Third Bancorp
Ohio
$5K – – –
MWM
288
Merriman Wealth Management
Washington
$4.54K +$32.2K +614 +8%
IBOK
289
Independence Bank of Kentucky
Kentucky
$4K – – –
RIA
290
Realta Investment Advisors
Delaware
$4K +$4.2K +80 New
MWM
291
Meridian Wealth Management
Kentucky
$2.68K – – –
SFG
292
SevenBridge Financial Group
Pennsylvania
$1K +$53 +1 +5%
UWM
293
USAdvisors Wealth Management
Minnesota
$497 +$492K +9,374 New
Jane Street
294
Jane Street
New York
– -$28.7M -550,306 Closed
Citadel Advisors
295
Citadel Advisors
Florida
– -$4.25M -81,576 Closed
SCM
296
SCS Capital Management
Massachusetts
– -$2.65M -50,763 Closed
LWS
297
Lucia Wealth Services
California
– -$1.68M -32,146 Closed
FAM
298
Formidable Asset Management
Ohio
– -$1.44M -10,734 Closed
PA
299
Pinnacle Associates
New York
– -$372K -7,125 Closed
PWMAG
300
Pinnacle Wealth Management Advisory Group
New Jersey
– -$372K -7,125 Closed
9 10 11
12
13

VTEB Hedge Fund Activity: Q2 2019 in Review

292 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q2 2019, worth a combined $3.47B — up 11% from $3.14B a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new VTEB positions and 19 closed out — a net gain of 21 holders — while 123 added to existing stakes and 62 trimmed.

The largest buyer was Wealthfront Advisers, adding an estimated $68.7M. The largest seller was Jane Street, exiting entirely with an estimated $28.7M sold.

  • 292 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q2 2019, up from 274 in Q1 2019.
  • Funds reported $3.47B of Vanguard Tax-Exempt Bond Index Fund stock for Q2 2019, up 11% quarter-over-quarter.
  • 40 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q2 2019 and 19 closed out, a net change of +21 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q2 2019 was Wealthfront Advisers, an estimated $68.7M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q2 2019 was Jane Street, an estimated $28.7M sold.

Based on aggregated 13F filings for Q2 2019.