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Vanguard Tax-Exempt Bond Index Fund
VTEB

158 hedge funds and large institutions have $1.37B invested in Vanguard Tax-Exempt Bond Index Fund in 2017 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 72 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

650% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 6

279% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 19

71% more funds holding in top 10

Funds holding in top 10: 7 → 12 (+5)

41% more capital invested

Capital invested by funds: $967M → $1.37B (+$401M)

33% more funds holding

Funds holding: 119 → 158 (+39)

4.27% more ownership

Funds ownership: 58.5% → 62.77% (+4.3%)

Holders
158
Holders Change
+39
Holders Change %
+32.77%
% of All Funds
3.58%
Holding in Top 10
12
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+71.43%
% of All Funds
0.27%
New
45
Increased
72
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
W
Wealthfront
California
+$138M
2
CSIA
Charles Schwab Investment Advisory
California
+$94.6M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$24.7M
4
RJA
Raymond James & Associates
Florida
+$19.7M
5
ST
Smithfield Trust
Pennsylvania
+$14.1M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$13.8M
2
Jane Street
Jane Street
New York
-$10.1M
3
CPO
Cerity Partners OCIO
New York
-$1.46M
4
NC
NewSquare Capital
Pennsylvania
-$1.31M
5
ZCA
Zeke Capital Advisors
Pennsylvania
-$804K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
26
Private Advisor Group
New Jersey
$7.87M +$4.85M +93,977 +161%
IA
27
Independence Advisors
Pennsylvania
$7.77M +$3.82M +73,935 +97%
JWM
28
Janiczek Wealth Management
Colorado
$6.29M -$136K -2,642 -2%
AF
29
Advisornet Financial
Minnesota
$5.53M +$5.53M +107,023 New
RFO
30
RiverGlades Family Offices
Florida
$5.24M +$5.24M +101,490 New
RMC
31
Regis Management Company
California
$5.19M – – –
CSM
32
CAMG Solamere Management
North Carolina
$4.33M -$27.8K -538 -0.6%
CCP
33
Cardan Capital Partners
Colorado
$4.24M +$72.2K +1,398 +2%
ERIM
34
Eagle Ridge Investment Management
Connecticut
$4.22M +$393K +7,602 +10%
WIC
35
Whitegate Investment Counselors
New Hampshire
$4.07M +$1.21M +23,455 +42%
FM
36
Foster & Motley
Ohio
$3.85M +$526K +10,190 +16%
EA
37
Edge Advisors
Georgia
$3.72M +$793K +15,347 +27%
FA
38
FDx Advisors
Illinois
$3.64M -$210K -4,071 -5%
BTS
39
BB&T Securities
Virginia
$3.44M +$354K +6,859 +12%
Baird Financial Group
40
Baird Financial Group
Wisconsin
$3.38M +$348K +6,729 +11%
OIWM
41
OptiFour Integrated Wealth Management
Virginia
$3.15M +$3.15M +60,965 New
AG
42
Advisor Group
Arizona
$2.76M +$1.78M +34,504 +182%
PFM
43
Phillips Financial Management
Indiana
$2.69M +$385K +7,446 +17%
CISOA
44
Capital Investment Services of America
Wisconsin
$2.62M – – –
OAJ
45
Ogorek Anthony Joseph
New York
$2.61M +$186K +3,601 +8%
DFIG
46
Dragon Financial & Investment Group
California
$2.44M +$2.44M +47,172 New
NG
47
Northstar Group
New York
$2.22M +$529K +10,250 +31%
VCM
48
Versant Capital Management
Arizona
$1.85M +$1.85M +35,792 New
BUB
49
BBVA USA Bancshares
Texas
$1.74M +$213K +4,131 +14%
NGA
50
Naples Global Advisors
Florida
$1.74M -$16.3K -315 -0.9%
1
2
3 4 5

VTEB Hedge Fund Activity: Q4 2017 in Review

158 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q4 2017, worth a combined $1.37B — up 41% from $967M a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new VTEB positions and 6 closed out — a net gain of 39 holders — while 72 added to existing stakes and 19 trimmed.

The largest buyer was Wealthfront, adding an estimated $138M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $13.8M sold.

  • 158 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q4 2017, up from 119 in Q3 2017.
  • Funds reported $1.37B of Vanguard Tax-Exempt Bond Index Fund stock for Q4 2017, up 41% quarter-over-quarter.
  • 45 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q4 2017 and 6 closed out, a net change of +39 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q4 2017 was Wealthfront, an estimated $138M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q4 2017 was Susquehanna International Group, an estimated $13.8M sold.

Based on aggregated 13F filings for Q4 2017.