Vanguard Tax-Exempt Bond Index Fund
VTEB
197 hedge funds and large institutions have $2.27B invested in Vanguard Tax-Exempt Bond Index Fund in 2018 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 85 increasing their positions, 49 reducing their positions, and 15 closing their positions.
140% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 15
73% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 49
32% more capital invested
Capital invested by funds: $1.72B → $2.27B (+$543M)
12% more funds holding
Funds holding: 176 → 197 (+21)
5.56% more ownership
Funds ownership: 65.01% → 70.57% (+5.6%)
20% less funds holding in top 10
Funds holding in top 10: 10 → 8 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$374M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$52.1M |
| 3 |
W
Wealthfront
Palo Alto,
California
|
+$50.1M |
| 4 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$48.6M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$27.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$18.4M |
| 2 |
Jane Street
New York
|
-$9.64M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.95M |
| 4 |
Bank of New York Mellon
New York
|
-$3.77M |
| 5 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
-$2.93M |
VTEB Hedge Fund Activity: Q2 2018 in Review
197 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q2 2018, worth a combined $2.27B — up 32% from $1.72B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new VTEB positions and 15 closed out — a net gain of 21 holders — while 85 added to existing stakes and 49 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $374M. The largest seller was Bank of America, cutting an estimated $18.4M.
- 197 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q2 2018, up from 176 in Q1 2018.
- Funds reported $2.27B of Vanguard Tax-Exempt Bond Index Fund stock for Q2 2018, up 32% quarter-over-quarter.
- 36 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q2 2018 and 15 closed out, a net change of +21 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q2 2018 was Charles Schwab Investment Advisory, an estimated $374M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q2 2018 was Bank of America, an estimated $18.4M sold.
Based on aggregated 13F filings for Q2 2018.