Vanguard Tax-Exempt Bond Index Fund
VTEB
431 hedge funds and large institutions have $5.23B invested in Vanguard Tax-Exempt Bond Index Fund in 2020 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 192 increasing their positions, 107 reducing their positions, and 36 closing their positions.
79% more repeat investments, than reductions
Existing positions increased: 192 | Existing positions reduced: 107
67% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 36
20% more capital invested
Capital invested by funds: $4.34B → $5.23B (+$887M)
15% more funds holding in top 10
Funds holding in top 10: 27 → 31 (+4)
5% more funds holding
Funds holding: 411 → 431 (+20)
1.38% more ownership
Funds ownership: 66.15% → 67.53% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
SCS Capital Management
Boston,
Massachusetts
|
+$334M |
| 2 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$139M |
| 3 |
JP Morgan Chase
New York
|
+$69.2M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$47.7M |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$35.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealthfront Advisers
Palo Alto,
California
|
-$63M |
| 2 |
AC
Athanor Capital
New York
|
-$37.2M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$33M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$19.5M |
| 5 |
FMWA
Forvis Mazars Wealth Advisors
Springfield,
Missouri
|
-$7.81M |
VTEB Hedge Fund Activity: Q2 2020 in Review
431 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q2 2020, worth a combined $5.23B — up 20% from $4.34B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new VTEB positions and 36 closed out — a net gain of 24 holders — while 192 added to existing stakes and 107 trimmed.
The largest buyer was SCS Capital Management, adding an estimated $334M. The largest seller was Wealthfront Advisers, cutting an estimated $63M.
- 431 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q2 2020, up from 411 in Q1 2020.
- Funds reported $5.23B of Vanguard Tax-Exempt Bond Index Fund stock for Q2 2020, up 20% quarter-over-quarter.
- 60 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q2 2020 and 36 closed out, a net change of +24 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q2 2020 was SCS Capital Management, an estimated $334M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q2 2020 was Wealthfront Advisers, an estimated $63M sold.
Based on aggregated 13F filings for Q2 2020.