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Vanguard Tax-Exempt Bond Index Fund
VTEB

411 hedge funds and large institutions have $4.34B invested in Vanguard Tax-Exempt Bond Index Fund in 2020 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 153 increasing their positions, 122 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more funds holding in top 10

Funds holding in top 10: 16 → 27 (+11)

67% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 39

25% more repeat investments, than reductions

Existing positions increased: 153 | Existing positions reduced: 122

6% more funds holding

Funds holding: 389 → 411 (+22)

4% less capital invested

Capital invested by funds: $4.52B → $4.34B (-$179M)

1.15% less ownership

Funds ownership: 67.3% → 66.15% (-1.2%)

Holders
411
Holders Change
+22
Holders Change %
+5.66%
% of All Funds
9.06%
Holding in Top 10
27
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+68.75%
% of All Funds
0.59%
New
65
Increased
153
Reduced
122
Closed
39
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Creative Planning
Creative Planning
Kansas
+$194M
2
SCM
SCS Capital Management
Massachusetts
+$57.2M
3
AC
Athanor Capital
New York
+$37.7M
4
Northern Trust
Northern Trust
Illinois
+$36.7M
5
ACA
Ackerman Capital Advisors
Texas
+$35M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$468M
2
Wealthfront Advisers
Wealthfront Advisers
California
-$70.3M
3
UBS Group
UBS Group
Switzerland
-$54M
4
JP Morgan Chase
JP Morgan Chase
New York
-$38M
5
HighTower Advisors
HighTower Advisors
Illinois
-$9.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
426
Millennium Management
New York
– -$581K -10,848 Closed
KA
427
Klingman & Associates
New York
– -$376K -7,017 Closed
AIP
428
Almanack Investment Partners
Pennsylvania
– -$367K -6,848 Closed
LWM
429
Laidlaw Wealth Management
New York
– -$309K -5,778 Closed
BCA
430
Bay Colony Advisors
Massachusetts
– -$290K -5,364 Closed
SCA
431
Snowden Capital Advisors
New York
– -$284K -5,312 Closed
MWM
432
Meridian Wealth Management
Kentucky
– -$270K -5,045 Closed
PWM
433
Perigon Wealth Management
California
– -$242K -4,500 Closed
CBFP
434
Cedar Brook Financial Partners
Ohio
– -$239K -4,467 Closed
JWCA
435
J.W. Cole Advisors
Florida
– -$232K -4,332 Closed
CL
436
CPWM LLC
Washington
– -$228K -4,264 Closed
PAS
437
Park Avenue Securities
New York
– -$227K -4,240 Closed
AWS
438
AJ Wealth Strategies
New York
– -$226K -4,222 Closed
DWM
439
Destination Wealth Management
California
– -$203K -3,797 Closed
FWIA
440
Fort Washington Investment Advisors
Ohio
– -$202K -3,773 Closed
ACM
441
Allred Capital Management
Texas
– -$137K -2,559 Closed
PWMG
442
Prestige Wealth Management Group
New Jersey
– -$107K -2,000 Closed
RIA
443
Realta Investment Advisors
Delaware
– -$107K -2,000 Closed
SL
444
Savior LLC
Massachusetts
– -$52K -980 Closed
BWM
445
BerganKDV Wealth Management
Minnesota
– -$44K -827 Closed
LWA
446
Lenox Wealth Advisors
New York
– -$30K -556 Closed
GWMIA
447
Global Wealth Management Investment Advisory
Florida
– -$18K -333 Closed
FMP
448
Financial Management Professionals
Texas
– -$6K -111 Closed
OSAM
449
O'Shaughnessy Asset Management
Connecticut
– +$321 +6 New
14 15 16 17
18

VTEB Hedge Fund Activity: Q1 2020 in Review

411 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q1 2020, worth a combined $4.34B — down 4% from $4.52B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new VTEB positions and 39 closed out — a net gain of 26 holders — while 153 added to existing stakes and 122 trimmed.

The largest buyer was Creative Planning, adding an estimated $194M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $468M.

  • 411 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q1 2020, up from 389 in Q4 2019.
  • Funds reported $4.34B of Vanguard Tax-Exempt Bond Index Fund stock for Q1 2020, down 4% quarter-over-quarter.
  • 65 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q1 2020 and 39 closed out, a net change of +26 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q1 2020 was Creative Planning, an estimated $194M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q1 2020 was Charles Schwab Investment Advisory, an estimated $468M sold.

Based on aggregated 13F filings for Q1 2020.