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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
BFG
76
Bouchey Financial Group
New York
$1.06M +$58.6K +1,135 +6%
AIM
77
AMI Investment Management
Indiana
$1.06M +$90.9K +1,760 +9%
CPO
78
Cerity Partners OCIO
New York
$1.01M -$1.46M -28,326 -59%
CWM
79
CMH Wealth Management
New Hampshire
$994K +$509K +9,865 +105%
AB
80
AT Bancorp
Iowa
$979K +$978K +18,946 New
OAM
81
Occidental Asset Management
California
$940K – – –
PP
82
PrairieView Partners
Minnesota
$939K +$938K +18,171 New
PMFA
83
Plante Moran Financial Advisors
Michigan
$803K +$478K +9,247 +147%
UCFA
84
United Capital Financial Advisors
Texas
$792K +$259K +5,006 +49%
Stifel Financial
85
Stifel Financial
Missouri
$789K +$15.5K +300 +2%
CT
86
Coastline Trust
Rhode Island
$782K +$50.1K +970 +7%
Cambridge Investment Research Advisors
87
Cambridge Investment Research Advisors
Iowa
$772K +$36.8K +712 +5%
CWM
88
Cornerstone Wealth Management
Missouri
$770K +$30K +580 +4%
CWS
89
Cypress Wealth Services
California
$756K +$755K +14,627 New
NC
90
NewSquare Capital
Pennsylvania
$753K -$1.31M -25,285 -63%
AACR
91
ACR Alpine Capital Research
Missouri
$726K – – –
JP Morgan Chase
92
JP Morgan Chase
New York
$696K -$48.8K -944 -7%
BCM
93
Blume Capital Management
California
$692K +$77.5K +1,500 +13%
GEA
94
Glen Eagle Advisors
New Jersey
$680K +$360K +6,963 +112%
SCG
95
Sonata Capital Group
Washington
$672K +$114K +2,200 +20%
SP
96
Successful Portfolios
Florida
$666K +$665K +12,885 New
RWM
97
RKL Wealth Management
Pennsylvania
$654K +$68K +1,317 +12%
LW
98
Linscomb Wealth
Texas
$564K – – –
AIP
99
Almanack Investment Partners
Pennsylvania
$522K +$521K +10,096 New
AA
100
Ancora Advisors
Ohio
$517K – – –
2 3
4
5 6

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.