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Vanguard Tax-Exempt Bond Index Fund
VTEB

197 hedge funds and large institutions have $2.27B invested in Vanguard Tax-Exempt Bond Index Fund in 2018 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 85 increasing their positions, 49 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 15

73% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 49

32% more capital invested

Capital invested by funds: $1.72B → $2.27B (+$543M)

12% more funds holding

Funds holding: 176 → 197 (+21)

5.56% more ownership

Funds ownership: 65.01% → 70.57% (+5.6%)

20% less funds holding in top 10

Funds holding in top 10: 10 → 8 (-2)

Holders
197
Holders Change
+21
Holders Change %
+11.93%
% of All Funds
4.51%
Holding in Top 10
8
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-20%
% of All Funds
0.18%
New
36
Increased
85
Reduced
49
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
+$374M
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$52.1M
3
W
Wealthfront
California
+$50.1M
4
CWM
Cornerstone Wealth Management
Missouri
+$48.6M
5
RJA
Raymond James & Associates
Florida
+$27.2M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$18.4M
2
Jane Street
Jane Street
New York
-$9.64M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$6.95M
4
Bank of New York Mellon
Bank of New York Mellon
New York
-$3.77M
5
ST
Smithfield Trust
Pennsylvania
-$2.93M
Name Holding Trade Value Shares
Change 		Change in
Stake
CISOA
51
Capital Investment Services of America
Wisconsin
$2.71M +$127K +2,500 +5%
OAJ
52
Ogorek Anthony Joseph
New York
$2.57M +$177K +3,489 +7%
M&T Bank
53
M&T Bank
New York
$2.42M +$1.25M +24,649 +108%
NG
54
Northstar Group
New York
$2.36M +$76.1K +1,500 +3%
AI
55
Atria Investments
North Carolina
$2.27M +$1.07M +21,154 +91%
GIM
56
Greenwich Investment Management
Connecticut
$2.25M +$1.86M +36,664 +495%
ASN
57
Advisory Services Network
Georgia
$2.19M +$853K +16,813 +64%
Baird Financial Group
58
Baird Financial Group
Wisconsin
$2.08M -$1.69M -33,393 -45%
CAM
59
Caprin Asset Management
Virginia
$1.99M +$542K +10,686 +38%
AB
60
AT Bancorp
Iowa
$1.94M +$19K +375 +1%
CPO
61
Cerity Partners OCIO
New York
$1.91M -$509K -10,025 -21%
RGC
62
Roberts, Glore & Co
Illinois
$1.82M +$254K +5,000 +16%
NGA
63
Naples Global Advisors
Florida
$1.71M -$5.08K -100 -0.3%
STMM
64
South Texas Money Management
Texas
$1.68M +$1.15M +22,598 +219%
CCG
65
Chatham Capital Group
Georgia
$1.6M – – –
BCWM
66
Bartlett & Co Wealth Management
Ohio
$1.6M +$219K +4,314 +16%
BC
67
Bartlett & Co
Ohio
$1.59M +$219K +4,314 +16%
LTFS
68
Ladenburg Thalmann Financial Services
Florida
$1.59M – – –
CWM
69
Cahaba Wealth Management
Georgia
$1.53M +$261K +5,137 +21%
VC
70
Vicus Capital
Pennsylvania
$1.45M +$183K +3,608 +15%
HighTower Advisors
71
HighTower Advisors
Illinois
$1.41M +$79.5K +1,567 +6%
AA
72
Alesco Advisors
New York
$1.4M – – –
WP
73
WealthShield Partners
North Carolina
$1.35M -$101K -2,000 -7%
EA
74
Edge Advisors
Georgia
$1.32M +$482K +9,493 +58%
FMWA
75
Forvis Mazars Wealth Advisors
Missouri
$1.26M -$60.3K -1,189 -5%
1 2
3
4 5

VTEB Hedge Fund Activity: Q2 2018 in Review

197 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q2 2018, worth a combined $2.27B — up 32% from $1.72B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new VTEB positions and 15 closed out — a net gain of 21 holders — while 85 added to existing stakes and 49 trimmed.

The largest buyer was Charles Schwab Investment Advisory, adding an estimated $374M. The largest seller was Bank of America, cutting an estimated $18.4M.

  • 197 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q2 2018, up from 176 in Q1 2018.
  • Funds reported $2.27B of Vanguard Tax-Exempt Bond Index Fund stock for Q2 2018, up 32% quarter-over-quarter.
  • 36 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q2 2018 and 15 closed out, a net change of +21 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q2 2018 was Charles Schwab Investment Advisory, an estimated $374M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q2 2018 was Bank of America, an estimated $18.4M sold.

Based on aggregated 13F filings for Q2 2018.