We are live on ! Find out more
VTEB icon

Vanguard Tax-Exempt Bond Index Fund
VTEB

158 hedge funds and large institutions have $1.37B invested in Vanguard Tax-Exempt Bond Index Fund in 2017 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 72 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

650% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 6

279% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 19

71% more funds holding in top 10

Funds holding in top 10: 7 → 12 (+5)

41% more capital invested

Capital invested by funds: $967M → $1.37B (+$401M)

33% more funds holding

Funds holding: 119 → 158 (+39)

4.27% more ownership

Funds ownership: 58.5% → 62.77% (+4.3%)

Holders
158
Holders Change
+39
Holders Change %
+32.77%
% of All Funds
3.58%
Holding in Top 10
12
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+71.43%
% of All Funds
0.27%
New
45
Increased
72
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
W
Wealthfront
California
+$138M
2
CSIA
Charles Schwab Investment Advisory
California
+$94.6M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$24.7M
4
RJA
Raymond James & Associates
Florida
+$19.7M
5
ST
Smithfield Trust
Pennsylvania
+$14.1M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$13.8M
2
Jane Street
Jane Street
New York
-$10.1M
3
CPO
Cerity Partners OCIO
New York
-$1.46M
4
NC
NewSquare Capital
Pennsylvania
-$1.31M
5
ZCA
Zeke Capital Advisors
Pennsylvania
-$804K
Name Holding Trade Value Shares
Change 		Change in
Stake
CSIA
1
Charles Schwab Investment Advisory
California
$329M +$94.6M +1,831,818 +40%
W
2
Wealthfront
California
$210M +$138M +2,667,614 +192%
RJA
3
Raymond James & Associates
Florida
$195M +$19.7M +380,526 +11%
Wells Fargo
4
Wells Fargo
California
$95.3M +$3.87M +74,987 +4%
Northwestern Mutual Wealth Management
5
Northwestern Mutual Wealth Management
Wisconsin
$31.5M +$24.7M +477,727 +365%
Bank of America
6
Bank of America
North Carolina
$31.1M +$1.48M +28,629 +5%
Ameriprise
7
Ameriprise
Minnesota
$28.5M +$11.4M +220,214 +66%
UBS Group
8
UBS Group
Switzerland
$28.1M +$1.91M +36,917 +7%
UBS AM
9
UBS AM
Illinois
$27.7M -$259K -5,023 -0.9%
ST
10
Smithfield Trust
Pennsylvania
$23.9M +$14.1M +272,541 +144%
SBL
11
Sargent Bickham Lagudis
Colorado
$21.9M +$6.97M +134,959 +47%
LRIA
12
Leonard Rickey Investment Advisors
Washington
$21.9M +$21.9M +423,671 New
LPT
13
Legacy Private Trust
Wisconsin
$21.7M -$171K -3,320 -0.8%
Morgan Stanley
14
Morgan Stanley
New York
$18.9M +$13.1M +254,130 +226%
BC
15
Brinker Capital
Pennsylvania
$16.3M +$985K +19,078 +6%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$16.3M +$2.85M +55,266 +21%
GC
17
Garde Capital
Washington
$15.3M +$1.31M +25,392 +9%
MIS
18
Morningstar Investment Services
Illinois
$10.7M +$4.11M +79,495 +62%
Commonwealth Equity Services
19
Commonwealth Equity Services
Massachusetts
$10.3M +$930K +18,001 +10%
ECM
20
ETrade Capital Management
Virginia
$10.2M +$4.67M +90,388 +85%
Creative Planning
21
Creative Planning
Kansas
$9.99M +$344K +6,652 +4%
LPL Financial
22
LPL Financial
California
$9.63M +$2.21M +42,797 +30%
BCI
23
Brinker Capital Investments
Pennsylvania
$9.41M -$310K -5,996 -3%
RJFSA
24
Raymond James Financial Services Advisors
Florida
$8.58M +$1.28M +24,881 +18%
HI
25
Hudock Inc
Pennsylvania
$8.29M +$204K +3,957 +3%
1
2 3 4 5

VTEB Hedge Fund Activity: Q4 2017 in Review

158 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q4 2017, worth a combined $1.37B — up 41% from $967M a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new VTEB positions and 6 closed out — a net gain of 39 holders — while 72 added to existing stakes and 19 trimmed.

The largest buyer was Wealthfront, adding an estimated $138M. The largest seller was Susquehanna International Group, exiting entirely with an estimated $13.8M sold.

  • 158 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q4 2017, up from 119 in Q3 2017.
  • Funds reported $1.37B of Vanguard Tax-Exempt Bond Index Fund stock for Q4 2017, up 41% quarter-over-quarter.
  • 45 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q4 2017 and 6 closed out, a net change of +39 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q4 2017 was Wealthfront, an estimated $138M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q4 2017 was Susquehanna International Group, an estimated $13.8M sold.

Based on aggregated 13F filings for Q4 2017.