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Vanguard Tax-Exempt Bond Index Fund

389 hedge funds and large institutions have $4.52B invested in Vanguard Tax-Exempt Bond Index Fund in 2019 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 181 increasing their positions, 53 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

540% more first-time investments, than exits

New positions opened: 96 | Existing positions closed: 15

242% more repeat investments, than reductions

Existing positions increased: 181 | Existing positions reduced: 53

23% more funds holding

Funds holding: 315389 (+74)

15% more capital invested

Capital invested by funds: $3.92B → $4.52B (+$603M)

14% more funds holding in top 10

Funds holding in top 10: 1416 (+2)

0.23% more ownership

Funds ownership: 67.07%67.3% (+0.23%)

Holders
389
Holders Change
+74
Holders Change %
+23.49%
% of All Funds
7.67%
Holding in Top 10
16
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+14.29%
% of All Funds
0.32%
New
96
Increased
181
Reduced
53
Closed
15
Calls
$34K
Puts
Net Calls
+$34K
Net Calls Change
+$34K
Name Holding Trade Value Shares
Change
Change in
Stake
Wealthfront Advisers
1
Wealthfront Advisers
California
$1.1B +$152M +2,833,029 +16%
CSIA
2
Charles Schwab Investment Advisory
California
$787M +$78.8M +1,472,280 +11%
Northwestern Mutual Wealth Management
3
Northwestern Mutual Wealth Management
Wisconsin
$333M +$39M +728,895 +13%
RJA
4
Raymond James & Associates
Florida
$326M -$27M -504,048 -8%
JP Morgan Chase
5
JP Morgan Chase
New York
$275M +$135M +2,524,729 +97%
UBS Group
6
UBS Group
Switzerland
$143M +$9.05M +169,166 +7%
Wells Fargo
7
Wells Fargo
California
$138M +$13.1M +244,779 +10%
Morgan Stanley
8
Morgan Stanley
New York
$91.3M +$19.7M +368,379 +28%
Bank of America
9
Bank of America
North Carolina
$84.8M +$11.2M +209,889 +15%
ECM
10
ETrade Capital Management
Virginia
$68.7M +$12.7M +236,509 +23%
SEI Investments
11
SEI Investments
Pennsylvania
$47.3M -$1.16M -21,681 -2%
RJFSA
12
Raymond James Financial Services Advisors
Florida
$44.1M +$1.93M +36,117 +5%
Envestnet Asset Management
13
Envestnet Asset Management
Illinois
$43.8M +$16.4M +305,724 +60%
LPL Financial
14
LPL Financial
California
$34.5M +$2.93M +54,733 +9%
PNC Financial Services Group
15
PNC Financial Services Group
Pennsylvania
$32.6M +$3.64M +68,097 +13%
Jones Financial Companies
16
Jones Financial Companies
Missouri
$29.1M +$4.35M +81,224 +18%
AWM
17
Altium Wealth Management
New York
$28.7M +$3.55M +66,258 +14%
SBL
18
Sargent Bickham Lagudis
Colorado
$27.2M +$1.72M +32,138 +7%
Ameriprise
19
Ameriprise
Minnesota
$26.4M +$3.56M +66,537 +16%
M&T Bank
20
M&T Bank
New York
$26.3M +$7.8M +145,714 +42%
GC
21
Garde Capital
Washington
$25.7M +$1.18M +22,069 +5%
LRIA
22
Leonard Rickey Investment Advisors
Washington
$25.5M +$1.68M +31,391 +7%
Truist Financial
23
Truist Financial
North Carolina
$20.2M +$20.2M +377,574 New
PFPT
24
Pinnacle Financial Partners (Tennessee)
Tennessee
$19.3M +$1.46M +27,243 +8%
SFS
25
Strategic Financial Services
New York
$18.4M +$16.7M +312,865 +1,021%

VTEB Hedge Fund Activity: Q4 2019 in Review

389 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q4 2019, worth a combined $4.52B — up 15% from $3.92B a quarter earlier.

Buyers outnumbered sellers: 96 funds opened new VTEB positions and 15 closed out — a net gain of 81 holders — while 181 added to existing stakes and 53 trimmed.

The largest buyer was Wealthfront Advisers, adding an estimated $152M. The largest seller was UBS AM, exiting entirely with an estimated $44.9M sold.

  • 389 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q4 2019, up from 315 in Q3 2019.
  • Funds reported $4.52B of Vanguard Tax-Exempt Bond Index Fund stock for Q4 2019, up 15% quarter-over-quarter.
  • 96 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q4 2019 and 15 closed out, a net change of +81 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q4 2019 was Wealthfront Advisers, an estimated $152M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q4 2019 was UBS AM, an estimated $44.9M sold.

Based on aggregated 13F filings for Q4 2019.