Vanguard Tax-Exempt Bond Index Fund
VTEB
1,216 hedge funds and large institutions have $26.5B invested in Vanguard Tax-Exempt Bond Index Fund in 2025 Q1 according to their latest regulatory filings, with 105 funds opening new positions, 506 increasing their positions, 443 reducing their positions, and 91 closing their positions.
15% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 91
14% more repeat investments, than reductions
Existing positions increased: 506 | Existing positions reduced: 443
1% more funds holding in top 10
Funds holding in top 10: 103 → 104 (+1)
0.22% more ownership
Funds ownership: 74.39% → 74.61% (+0.22%)
0% more capital invested
Capital invested by funds: $26.5B → $26.5B (+$36.4M)
0% less funds holding
Funds holding: 1,221 → 1,216 (-5)
97% less call options, than puts
Call options by funds: $844K | Put options by funds: $29.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$458M |
| 2 |
D.E. Shaw & Co
New York
|
+$102M |
| 3 |
FWI
Facet Wealth Inc
Baltimore,
Maryland
|
+$87.1M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$50.9M |
| 5 |
GC
Garde Capital
Seattle,
Washington
|
+$47.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
-$164M |
| 2 |
Charles Schwab
San Francisco,
California
|
-$89.4M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$80.7M |
| 4 |
MAS
Meeder Advisory Services
Dublin,
Ohio
|
-$80.6M |
| 5 |
Wealthfront Advisers
Palo Alto,
California
|
-$78.5M |
VTEB Hedge Fund Activity: Q1 2025 in Review
1,216 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q1 2025, worth a combined $26.5B — up 0.14% from $26.5B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new VTEB positions and 91 closed out — a net gain of 14 holders — while 506 added to existing stakes and 443 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $458M. The largest seller was TIAA Trust, National Association, cutting an estimated $164M.
- 1,216 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q1 2025, down from 1,221 in Q4 2024.
- Funds reported $26.5B of Vanguard Tax-Exempt Bond Index Fund stock for Q1 2025, up 0.14% quarter-over-quarter.
- 105 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q1 2025 and 91 closed out, a net change of +14 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q1 2025 was Morgan Stanley, an estimated $458M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q1 2025 was TIAA Trust, National Association, an estimated $164M sold.
Based on aggregated 13F filings for Q1 2025.