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Vanguard Tax-Exempt Bond Index Fund
VTEB

891 hedge funds and large institutions have $21B invested in Vanguard Tax-Exempt Bond Index Fund in 2023 Q2 according to their latest regulatory filings, with 77 funds opening new positions, 388 increasing their positions, 303 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 56

28% more repeat investments, than reductions

Existing positions increased: 388 | Existing positions reduced: 303

6% more capital invested

Capital invested by funds: $19.9B → $21B (+$1.11B)

2% more funds holding

Funds holding: 876 → 891 (+15)

0% more funds holding in top 10

Funds holding in top 10: 83 → 83 (0)

0.86% less ownership

Funds ownership: 76.44% → 75.58% (-0.86%)

7% less call options, than puts

Call options by funds: $1.82M | Put options by funds: $1.96M

Holders
891
Holders Change
+15
Holders Change %
+1.71%
% of All Funds
13.99%
Holding in Top 10
83
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
1.3%
New
77
Increased
388
Reduced
303
Closed
56
Calls
$1.82M
Puts
$1.96M
Net Calls
-$141K
Net Calls Change
+$69K

Top Buyers

Rank Fund Capital Flow
1
Wealthfront Advisers
Wealthfront Advisers
California
+$300M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$151M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$113M
4
PCIA
Prime Capital Investment Advisors
Kansas
+$109M
5
OWM
Orgel Wealth Management
Wisconsin
+$86.5M

Top Sellers

Rank Fund Capital Flow
1
SWG
Summit Wealth Group
Vermont
-$101M
2
Baird Financial Group
Baird Financial Group
Wisconsin
-$87.7M
3
SCM
SCS Capital Management
Massachusetts
-$34.2M
4
BCM
BlueCrest Capital Management
Jersey
-$29M
5
American Century Companies
American Century Companies
Missouri
-$27.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFP
801
Narus Financial Partners
Utah
$216K +$216K +4,300 New
CAM
802
Concorde Asset Management
Michigan
$214K +$214K +4,260 New
CPG
803
Cornerstone Planning Group
New Jersey
$214K +$214K +4,258 New
CFO
804
Collective Family Office
Pennsylvania
$213K +$214K +4,250 New
IAIM
805
International Assets Investment Management
Florida
$207K -$20.6K -410 -9%
YIA
806
YHB Investment Advisors
Connecticut
$206K +$207K +4,110 New
TWP
807
TFO Wealth Partners
Ohio
$206K +$553 +11 +0.3%
CWAG
808
Compton Wealth Advisory Group
Virginia
$205K – – –
WA
809
Waverly Advisors
Alabama
$205K -$21.9K -436 -10%
AF
810
Affiance Financial
Minnesota
$204K -$21.4K -425 -9%
BEW
811
Burton Enright Welch
California
$202K +$202K +4,020 New
BCP
812
Blue Chip Partners
Michigan
$201K +$201K +4,008 New
SPFA
813
Summit Place Financial Advisors
New Jersey
$201K – – –
WAM
814
Walker Asset Management
Missouri
$201K – – –
SWA
815
SOA Wealth Advisors
New York
$195K -$6.73K -134 -3%
AP
816
Arlington Partners
Alabama
$191K +$23.1K +459 +14%
NL
817
NEPC LLC
Massachusetts
$189K +$189K +3,763 New
PTC
818
Private Trust Company
Ohio
$188K +$25.1K +500 +15%
WB
819
Webster Bank
Connecticut
$179K – – –
DF
820
Dunhill Financial
United Kingdom
$167K +$170K +3,384 New
OAJ
821
Ogorek Anthony Joseph
New York
$156K -$74.9K -1,490 -32%
GFPC
822
Global Financial Private Client
Florida
$143K +$128K +2,557 +888%
CFO
823
CVA Family Office
Colorado
$138K – – –
CAS
824
Coppell Advisory Solutions
Texas
$134K +$134K +2,672 New
IAS
825
IMA Advisory Services
Colorado
$131K – – –
31 32
33
34 35

VTEB Hedge Fund Activity: Q2 2023 in Review

891 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q2 2023, worth a combined $21B — up 5.6% from $19.9B a quarter earlier.

Buyers outnumbered sellers: 77 funds opened new VTEB positions and 56 closed out — a net gain of 21 holders — while 388 added to existing stakes and 303 trimmed.

The largest buyer was Wealthfront Advisers, adding an estimated $300M. The largest seller was Summit Wealth Group, cutting an estimated $101M.

  • 891 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q2 2023, up from 876 in Q1 2023.
  • Funds reported $21B of Vanguard Tax-Exempt Bond Index Fund stock for Q2 2023, up 5.6% quarter-over-quarter.
  • 77 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q2 2023 and 56 closed out, a net change of +21 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q2 2023 was Wealthfront Advisers, an estimated $300M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q2 2023 was Summit Wealth Group, an estimated $101M sold.

Based on aggregated 13F filings for Q2 2023.