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Vanguard Tax-Exempt Bond Index Fund
VTEB

542 hedge funds and large institutions have $6.8B invested in Vanguard Tax-Exempt Bond Index Fund in 2020 Q4 according to their latest regulatory filings, with 107 funds opening new positions, 257 increasing their positions, 101 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

569% more first-time investments, than exits

New positions opened: 107 | Existing positions closed: 16

154% more repeat investments, than reductions

Existing positions increased: 257 | Existing positions reduced: 101

31% more funds holding in top 10

Funds holding in top 10: 29 → 38 (+9)

18% more funds holding

Funds holding: 458 → 542 (+84)

16% more capital invested

Capital invested by funds: $5.84B → $6.8B (+$956M)

1.11% more ownership

Funds ownership: 66.1% → 67.22% (+1.1%)

Holders
542
Holders Change
+84
Holders Change %
+18.34%
% of All Funds
9.59%
Holding in Top 10
38
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+31.03%
% of All Funds
0.67%
New
107
Increased
257
Reduced
101
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wealthfront Advisers
Wealthfront Advisers
California
+$191M
2
Morgan Stanley
Morgan Stanley
New York
+$133M
3
CSIA
Charles Schwab Investment Advisory
California
+$101M
4
SCM
SCS Capital Management
Massachusetts
+$86.7M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$47.3M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$24.9M
2
Creative Planning
Creative Planning
Kansas
-$19.1M
3
Citadel Advisors
Citadel Advisors
Florida
-$13.8M
4
CCFM
Clear Creek Financial Management
Washington
-$9.76M
5
Jane Street
Jane Street
New York
-$6.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
Wealthfront Advisers
1
Wealthfront Advisers
California
$1.29B +$191M +3,505,257 +18%
CSIA
2
Charles Schwab Investment Advisory
California
$637M +$101M +1,855,408 +19%
SCM
3
SCS Capital Management
Massachusetts
$541M +$86.7M +1,588,534 +19%
Northwestern Mutual Wealth Management
4
Northwestern Mutual Wealth Management
Wisconsin
$473M +$45.5M +833,950 +11%
RJA
5
Raymond James & Associates
Florida
$358M +$19.1M +350,329 +6%
JP Morgan Chase
6
JP Morgan Chase
New York
$306M -$24.9M -456,999 -8%
Morgan Stanley
7
Morgan Stanley
New York
$280M +$133M +2,441,210 +92%
Creative Planning
8
Creative Planning
Kansas
$225M -$19.1M -349,358 -8%
UBS Group
9
UBS Group
Switzerland
$153M +$13.9M +254,908 +10%
Wells Fargo
10
Wells Fargo
California
$146M +$12.9M +236,264 +10%
Bank of America
11
Bank of America
North Carolina
$115M +$8.02M +146,892 +8%
Vanguard Group
12
Vanguard Group
Pennsylvania
$91.8M +$47.3M +866,589 +109%
SEI Investments
13
SEI Investments
Pennsylvania
$81.6M -$2.8M -51,291 -3%
ACA
14
Ackerman Capital Advisors
Texas
$78.2M +$596K +10,911 +0.8%
Envestnet Asset Management
15
Envestnet Asset Management
Illinois
$78.2M +$10.1M +185,105 +15%
Ameriprise
16
Ameriprise
Minnesota
$63.9M +$9.76M +178,764 +18%
RJFSA
17
Raymond James Financial Services Advisors
Florida
$56.2M +$3.32M +60,749 +6%
RWP
18
RWA Wealth Partners
Massachusetts
$55M +$1.52M +27,925 +3%
US Bancorp
19
US Bancorp
Minnesota
$53.2M +$13.6M +249,475 +35%
Jones Financial Companies
20
Jones Financial Companies
Missouri
$49.7M +$11.3M +207,319 +30%
PNC Financial Services Group
21
PNC Financial Services Group
Pennsylvania
$48.2M +$4.34M +79,487 +10%
SBL
22
Sargent Bickham Lagudis
Colorado
$41.3M +$7.23M +132,429 +22%
LPL Financial
23
LPL Financial
California
$40.3M +$3.05M +55,793 +8%
CCWA
24
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$37.7M +$6.15M +112,684 +20%
AWM
25
Altium Wealth Management
New York
$37.6M +$3.8M +69,591 +11%
1
2 3 4 5

VTEB Hedge Fund Activity: Q4 2020 in Review

542 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q4 2020, worth a combined $6.8B — up 16% from $5.84B a quarter earlier.

Buyers outnumbered sellers: 107 funds opened new VTEB positions and 16 closed out — a net gain of 91 holders — while 257 added to existing stakes and 101 trimmed.

The largest buyer was Wealthfront Advisers, adding an estimated $191M. The largest seller was JP Morgan Chase, cutting an estimated $24.9M.

  • 542 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q4 2020, up from 458 in Q3 2020.
  • Funds reported $6.8B of Vanguard Tax-Exempt Bond Index Fund stock for Q4 2020, up 16% quarter-over-quarter.
  • 107 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q4 2020 and 16 closed out, a net change of +91 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q4 2020 was Wealthfront Advisers, an estimated $191M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q4 2020 was JP Morgan Chase, an estimated $24.9M sold.

Based on aggregated 13F filings for Q4 2020.