We are live on ! Find out more
VTEB icon

Vanguard Tax-Exempt Bond Index Fund
VTEB

98 hedge funds and large institutions have $539M invested in Vanguard Tax-Exempt Bond Index Fund in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 45 increasing their positions, 17 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 8

165% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 17

67% more capital invested

Capital invested by funds: $323M → $539M (+$216M)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

17% more funds holding

Funds holding: 84 → 98 (+14)

1.67% more ownership

Funds ownership: 53.08% → 54.76% (+1.7%)

Holders
98
Holders Change
+14
Holders Change %
+16.67%
% of All Funds
2.44%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.15%
New
23
Increased
45
Reduced
17
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$115M
2
CSIA
Charles Schwab Investment Advisory
California
+$43.1M
3
UBS AM
UBS AM
Illinois
+$15.8M
4
Jane Street
Jane Street
New York
+$9.55M
5
Wells Fargo
Wells Fargo
California
+$8.3M

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$10.8M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$7.59M
3
Bank of America
Bank of America
North Carolina
-$2.91M
4
CSM
CAMG Solamere Management
North Carolina
-$1.72M
5
RMC
Regis Management Company
California
-$1.36M
Name Holding Trade Value Shares
Change 		Change in
Stake
RGC
51
Roberts, Glore & Co
Illinois
$785K +$60.5K +1,200 +8%
VC
52
Vicus Capital
Pennsylvania
$782K +$396K +7,855 +104%
Stifel Financial
53
Stifel Financial
Missouri
$771K +$13.7K +271 +2%
AWMG
54
Alliance Wealth Management Group
New Jersey
$757K -$201K -3,986 -21%
JSA
55
Jacobson & Schmitt Advisors
Wisconsin
$686K +$683K +13,550 New
FMWA
56
Forvis Mazars Wealth Advisors
Missouri
$685K +$400K +7,941 +142%
AG
57
Advisor Group
Arizona
$673K +$430K +8,535 +179%
AIM
58
AMI Investment Management
Indiana
$648K +$141K +2,805 +28%
MML Investors Services
59
MML Investors Services
Massachusetts
$625K +$622K +12,333 New
NC
60
NewSquare Capital
Pennsylvania
$608K -$29.4K -583 -5%
Millennium Management
61
Millennium Management
New York
$581K +$579K +11,481 New
BCM
62
Blume Capital Management
California
$557K +$554K +11,000 New
PNC Financial Services Group
63
PNC Financial Services Group
Pennsylvania
$557K +$554K +11,000 New
AA
64
Ancora Advisors
Ohio
$506K – – –
CT
65
Coastline Trust
Rhode Island
$501K +$499K +9,900 New
CWM
66
Cornerstone Wealth Management
Missouri
$476K +$131K +2,593 +38%
CA
67
Cetera Advisors
Colorado
$468K -$175K -3,482 -27%
Cambridge Investment Research Advisors
68
Cambridge Investment Research Advisors
Iowa
$467K -$97.2K -1,928 -17%
NG
69
Northstar Group
New York
$456K +$454K +9,000 New
PHIMC
70
Private Harbour Investment Management & Counsel
Ohio
$443K +$441K +8,750 New
OAM
71
Occidental Asset Management
California
$410K – – –
SCG
72
Sonata Capital Group
Washington
$405K – – –
BUB
73
BBVA USA Bancshares
Texas
$378K +$258K +5,123 +218%
TIM
74
Tortoise Investment Management
New York
$377K +$375K +7,450 New
Morgan Stanley
75
Morgan Stanley
New York
$364K +$341K +6,772 +1,632%
1 2
3
4 5

VTEB Hedge Fund Activity: Q1 2017 in Review

98 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q1 2017, worth a combined $539M — up 67% from $323M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new VTEB positions and 8 closed out — a net gain of 15 holders — while 45 added to existing stakes and 17 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $115M. The largest seller was UBS Group, cutting an estimated $10.8M.

  • 98 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q1 2017, up from 84 in Q4 2016.
  • Funds reported $539M of Vanguard Tax-Exempt Bond Index Fund stock for Q1 2017, up 67% quarter-over-quarter.
  • 23 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q1 2017 and 8 closed out, a net change of +15 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q1 2017 was Raymond James & Associates, an estimated $115M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q1 2017 was UBS Group, an estimated $10.8M sold.

Based on aggregated 13F filings for Q1 2017.