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Vanguard Tax-Exempt Bond Index Fund
VTEB

411 hedge funds and large institutions have $4.34B invested in Vanguard Tax-Exempt Bond Index Fund in 2020 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 153 increasing their positions, 122 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

69% more funds holding in top 10

Funds holding in top 10: 16 → 27 (+11)

67% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 39

25% more repeat investments, than reductions

Existing positions increased: 153 | Existing positions reduced: 122

6% more funds holding

Funds holding: 389 → 411 (+22)

4% less capital invested

Capital invested by funds: $4.52B → $4.34B (-$179M)

1.15% less ownership

Funds ownership: 67.3% → 66.15% (-1.2%)

Holders
411
Holders Change
+22
Holders Change %
+5.66%
% of All Funds
9.06%
Holding in Top 10
27
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+68.75%
% of All Funds
0.59%
New
65
Increased
153
Reduced
122
Closed
39
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Creative Planning
Creative Planning
Kansas
+$194M
2
SCM
SCS Capital Management
Massachusetts
+$57.2M
3
AC
Athanor Capital
New York
+$37.7M
4
Northern Trust
Northern Trust
Illinois
+$36.7M
5
ACA
Ackerman Capital Advisors
Texas
+$35M

Top Sellers

Rank Fund Capital Flow
1
CSIA
Charles Schwab Investment Advisory
California
-$468M
2
Wealthfront Advisers
Wealthfront Advisers
California
-$70.3M
3
UBS Group
UBS Group
Switzerland
-$54M
4
JP Morgan Chase
JP Morgan Chase
New York
-$38M
5
HighTower Advisors
HighTower Advisors
Illinois
-$9.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
1CP
101
1607 Capital Partners
Virginia
$3.23M +$3.26M +60,959 New
BWA
102
BDO Wealth Advisors
Florida
$3.21M +$200K +3,740 +7%
BC
103
Bartlett & Co
Ohio
$3.14M +$3.18M +59,348 New
BCWM
104
Bartlett & Co Wealth Management
Ohio
$3.14M -$101K -1,890 -3%
NG
105
Northstar Group
New York
$3.09M +$271K +5,067 +10%
GDP
106
Great Diamond Partners
Maine
$3.07M +$3.11M +58,045 New
PCWA
107
Pacific Capital Wealth Advisors
California
$3.07M -$409K -7,641 -12%
RGC
108
Roberts, Glore & Co
Illinois
$3.04M -$66.4K -1,240 -2%
LPWM
109
Lake Point Wealth Management
Texas
$2.94M -$64K -1,196 -2%
MWM
110
Merriman Wealth Management
Washington
$2.93M +$2.19M +40,850 +279%
A
111
AdvicePeriod
California
$2.88M +$345K +6,437 +13%
RJT
112
Raymond James Trust
Florida
$2.84M -$736K -13,740 -20%
WANY
113
Wealthspire Advisors (New York)
New York
$2.84M +$885K +16,522 +44%
AWA
114
Arete Wealth Advisors
Illinois
$2.84M +$944K +17,627 +49%
MWM
115
McNaughton Wealth Management
California
$2.75M +$25.2K +470 +0.9%
CFB
116
Cullen/Frost Bankers
Texas
$2.72M +$2.73M +51,003 +13,785%
MFS
117
McNamara Financial Services
Massachusetts
$2.61M +$109K +2,038 +4%
EA
118
Elm Advisors
California
$2.57M +$11.8K +220 +0.5%
MPWT
119
MassMutual Private Wealth & Trust
Connecticut
$2.56M +$263K +4,913 +11%
RVPG
120
Relative Value Partners Group
$2.43M +$1.43M +26,785 +139%
CPO
121
Cerity Partners OCIO
New York
$2.43M +$105K +1,955 +4%
FWM
122
Fairhaven Wealth Management
Illinois
$2.42M +$2.44M +45,663 New
CAM
123
Caprin Asset Management
Virginia
$2.4M -$202K -3,766 -8%
EGA
124
Eagle Global Advisors
Texas
$2.38M -$498K -9,300 -17%
W
125
WealthStone
Ohio
$2.36M -$6.81M -127,125 -74%
3 4
5
6 7

VTEB Hedge Fund Activity: Q1 2020 in Review

411 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q1 2020, worth a combined $4.34B — down 4% from $4.52B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new VTEB positions and 39 closed out — a net gain of 26 holders — while 153 added to existing stakes and 122 trimmed.

The largest buyer was Creative Planning, adding an estimated $194M. The largest seller was Charles Schwab Investment Advisory, cutting an estimated $468M.

  • 411 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q1 2020, up from 389 in Q4 2019.
  • Funds reported $4.34B of Vanguard Tax-Exempt Bond Index Fund stock for Q1 2020, down 4% quarter-over-quarter.
  • 65 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q1 2020 and 39 closed out, a net change of +26 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q1 2020 was Creative Planning, an estimated $194M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q1 2020 was Charles Schwab Investment Advisory, an estimated $468M sold.

Based on aggregated 13F filings for Q1 2020.