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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$115M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$43.1M |
| 3 |
UBS AM
Chicago,
Illinois
|
+$15.8M |
| 4 |
Jane Street
New York
|
+$9.55M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$8.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$10.8M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$7.59M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.91M |
| 4 |
CSM
CAMG Solamere Management
Charlotte,
North Carolina
|
-$1.72M |
| 5 |
RMC
Regis Management Company
Menlo Park,
California
|
-$1.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UCFA
101
United Capital Financial Advisors
Irving,
Texas
| – | -$722K | -14,362 | Closed |
|
102
M&T Bank
Buffalo,
New York
| – | -$467K | -9,288 | Closed |
|
|
GJIC
103
Gamble Jones Investment Counsel
Pasadena,
California
| – | -$411K | -8,175 | Closed |
|
|
VKH
104
Virtu KCG Holdings
New York
| – | -$344K | -6,854 | Closed |
|
|
FAN
105
Financial Advisors Network
Tustin,
California
| – | -$327K | -6,503 | Closed |
|
|
LW
106
Linscomb Wealth
Houston,
Texas
| – | -$256K | -5,090 | Closed |
|
|
NFG
107
Next Financial Group
Houston,
Texas
| – | -$24K | -485 | Closed |
|
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.