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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
AWM
51
Altium Wealth Management
New York
$1.61M +$1.61M +31,262 New
ZCA
52
Zeke Capital Advisors
Pennsylvania
$1.59M -$804K -15,570 -34%
RGC
53
Roberts, Glore & Co
Illinois
$1.53M +$723K +14,000 +89%
CCG
54
Chatham Capital Group
Georgia
$1.51M +$247K +4,775 +19%
BC
55
Bartlett & Co
Ohio
$1.49M +$83.1K +1,610 +6%
DWT
56
Dorsey & Whitney Trust
South Dakota
$1.4M +$1.07M +20,675 +324%
JFGLC
57
Johnson Financial Group LLC (Colorado)
Colorado
$1.4M +$1.07M +20,675 +324%
W
58
WealthShield
North Carolina
$1.39M +$1.39M +26,850 New
WP
59
WealthShield Partners
North Carolina
$1.39M +$1.39M +26,850 New
HighTower Advisors
60
HighTower Advisors
Illinois
$1.36M +$278K +5,381 +26%
LTFS
61
Ladenburg Thalmann Financial Services
Florida
$1.36M -$734K -14,209 -35%
PNC Financial Services Group
62
PNC Financial Services Group
Pennsylvania
$1.34M +$730K +14,128 +120%
FMWA
63
Forvis Mazars Wealth Advisors
Missouri
$1.34M +$664K +12,862 +99%
ASN
64
Advisory Services Network
Georgia
$1.3M +$103K +2,000 +9%
Goldman Sachs
65
Goldman Sachs
New York
$1.29M +$1.29M +24,961 New
SIC
66
Sigma Investment Counselors
Michigan
$1.28M +$146K +2,825 +13%
CWM
67
Cahaba Wealth Management
Georgia
$1.27M +$8.47K +164 +0.7%
GPW
68
GFS Private Wealth
Florida
$1.27M +$1.27M +24,530 New
JSA
69
Jacobson & Schmitt Advisors
Wisconsin
$1.26M -$5.53K -107 -0.4%
VC
70
Vicus Capital
Pennsylvania
$1.22M +$146K +2,819 +14%
AA
71
Alesco Advisors
New York
$1.19M – – –
PFPT
72
Pinnacle Financial Partners (Tennessee)
Tennessee
$1.18M +$1.18M +22,846 New
Vanguard Group
73
Vanguard Group
Pennsylvania
$1.16M +$5.27K +102 +0.5%
AI
74
Atria Investments
North Carolina
$1.09M +$197K +3,806 +22%
Bank of New York Mellon
75
Bank of New York Mellon
New York
$1.07M +$1.07M +20,717 New
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.