Vanguard Tax-Exempt Bond Index Fund
VTEB
176 hedge funds and large institutions have $1.72B invested in Vanguard Tax-Exempt Bond Index Fund in 2018 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 91 increasing their positions, 30 reducing their positions, and 12 closing their positions.
203% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 30
175% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 12
26% more capital invested
Capital invested by funds: $1.37B → $1.72B (+$356M)
11% more funds holding
Funds holding: 158 → 176 (+18)
2.24% more ownership
Funds ownership: 62.77% → 65.01% (+2.2%)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
W
Wealthfront
Palo Alto,
California
|
+$230M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$34.8M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$27.4M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$20.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$19.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPT
Legacy Private Trust
Neenah,
Wisconsin
|
-$17.9M |
| 2 |
ST
Smithfield Trust
Pittsburgh,
Pennsylvania
|
-$11.7M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.82M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$6.69M |
| 5 |
RFO
RiverGlades Family Offices
Naples,
Florida
|
-$5.17M |
VTEB Hedge Fund Activity: Q1 2018 in Review
176 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q1 2018, worth a combined $1.72B — up 26% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new VTEB positions and 12 closed out — a net gain of 21 holders — while 91 added to existing stakes and 30 trimmed.
The largest buyer was Wealthfront, adding an estimated $230M. The largest seller was Legacy Private Trust, cutting an estimated $17.9M.
- 176 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q1 2018, up from 158 in Q4 2017.
- Funds reported $1.72B of Vanguard Tax-Exempt Bond Index Fund stock for Q1 2018, up 26% quarter-over-quarter.
- 33 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q1 2018 and 12 closed out, a net change of +21 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q1 2018 was Wealthfront, an estimated $230M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q1 2018 was Legacy Private Trust, an estimated $17.9M sold.
Based on aggregated 13F filings for Q1 2018.