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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
DWT
76
Dorsey & Whitney Trust
South Dakota
$339K +$337K +6,690 New
JFGLC
77
Johnson Financial Group LLC (Colorado)
Colorado
$339K +$337K +6,690 New
PMFA
78
Plante Moran Financial Advisors
Michigan
$319K +$96.2K +1,908 +43%
AWE
79
Avidian Wealth Enterprises
Texas
$294K +$292K +5,802 New
WTC
80
WhitTier Trust Company
Nevada
$228K +$227K +4,500 New
CAN
81
Cetera Advisor Networks
California
$227K +$226K +4,486 New
ML
82
McAdam LLC
Pennsylvania
$225K +$4.84K +96 +2%
GEA
83
Glen Eagle Advisors
New Jersey
$218K +$39.1K +775 +22%
CPA
84
Clear Perspective Advisors
Illinois
$101K – – –
PA
85
Parallel Advisors
California
$99K -$156K -3,099 -61%
SF
86
Synovus Financial
Georgia
$98K +$302 +6 +0.3%
SPIA
87
Steward Partners Investment Advisory
New York
$90K +$90K +1,785 New
Lazard Asset Management
88
Lazard Asset Management
New York
$76K – – –
CCM
89
Cribstone Capital Management
Maine
$76K +$75.6K +1,500 New
HI
90
Hudock Inc
Pennsylvania
$72K +$302 +6 +0.4%
BWA
91
Burt Wealth Advisors
Maryland
$69K – – –
Citigroup
92
Citigroup
New York
$54K -$518K -10,269 -91%
Manulife (Manufacturers Life Insurance)
93
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$44K +$101 +2 +0.2%
US Bancorp
94
US Bancorp
Minnesota
$25K – – –
SSB
95
Sandy Spring Bank
Maryland
$15K – – –
JP Morgan Chase
96
JP Morgan Chase
New York
$10K – – –
NSIM
97
North Star Investment Management
Illinois
$10K – – –
Fifth Third Bancorp
98
Fifth Third Bancorp
Ohio
$5K – – –
PCM
99
Prelude Capital Management
New York
$3K +$3.28K +65 New
Susquehanna International Group
100
Susquehanna International Group
Pennsylvania
– -$7.59M -151,044 Closed
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.