Vanguard Tax-Exempt Bond Index Fund
VTEB
1,068 hedge funds and large institutions have $25.2B invested in Vanguard Tax-Exempt Bond Index Fund in 2023 Q4 according to their latest regulatory filings, with 217 funds opening new positions, 432 increasing their positions, 332 reducing their positions, and 60 closing their positions.
262% more first-time investments, than exits
New positions opened: 217 | Existing positions closed: 60
30% more repeat investments, than reductions
Existing positions increased: 432 | Existing positions reduced: 332
21% more capital invested
Capital invested by funds: $20.8B → $25.2B (+$4.39B)
16% more funds holding
Funds holding: 921 → 1,068 (+147)
15% more funds holding in top 10
Funds holding in top 10: 79 → 91 (+12)
1.49% more ownership
Funds ownership: 77.49% → 78.98% (+1.5%)
72% less call options, than puts
Call options by funds: $781K | Put options by funds: $2.77M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$753M |
| 2 |
Morgan Stanley
New York
|
+$647M |
| 3 |
Wealthfront Advisers
Palo Alto,
California
|
+$259M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$179M |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$160M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OWM
Orgel Wealth Management
Altoona,
Wisconsin
|
-$370M |
| 2 |
RWP
RWA Wealth Partners
Newton,
Massachusetts
|
-$216M |
| 3 |
WAG
Winthrop Advisory Group
Boston,
Massachusetts
|
-$58.5M |
| 4 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$49.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$42M |
VTEB Hedge Fund Activity: Q4 2023 in Review
1,068 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q4 2023, worth a combined $25.2B — up 21% from $20.8B a quarter earlier.
Buyers outnumbered sellers: 217 funds opened new VTEB positions and 60 closed out — a net gain of 157 holders — while 432 added to existing stakes and 332 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $753M. The largest seller was Orgel Wealth Management, cutting an estimated $370M.
- 1,068 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q4 2023, up from 921 in Q3 2023.
- Funds reported $25.2B of Vanguard Tax-Exempt Bond Index Fund stock for Q4 2023, up 21% quarter-over-quarter.
- 217 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q4 2023 and 60 closed out, a net change of +157 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q4 2023 was JP Morgan Chase, an estimated $753M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q4 2023 was Orgel Wealth Management, an estimated $370M sold.
Based on aggregated 13F filings for Q4 2023.