Vanguard Tax-Exempt Bond Index Fund
VTEB
878 hedge funds and large institutions have $20B invested in Vanguard Tax-Exempt Bond Index Fund in 2023 Q1 according to their latest regulatory filings, with 99 funds opening new positions, 390 increasing their positions, 263 reducing their positions, and 55 closing their positions.
80% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 55
48% more repeat investments, than reductions
Existing positions increased: 390 | Existing positions reduced: 263
9% more capital invested
Capital invested by funds: $18.4B → $20B (+$1.57B)
2% more funds holding
Funds holding: 858 → 878 (+20)
1.16% more ownership
Funds ownership: 74.89% → 76.04% (+1.2%)
2% less funds holding in top 10
Funds holding in top 10: 85 → 83 (-2)
12% less call options, than puts
Call options by funds: $1.54M | Put options by funds: $1.75M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$455M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$183M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$124M |
| 4 |
Northern Trust
Chicago,
Illinois
|
+$82.3M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$76.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$147M |
| 2 |
Wealthfront Advisers
Palo Alto,
California
|
-$115M |
| 3 |
HCC
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
|
-$78.6M |
| 4 |
AL
Aspiriant LLC
Los Angeles,
California
|
-$69M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$62.3M |
VTEB Hedge Fund Activity: Q1 2023 in Review
878 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q1 2023, worth a combined $20B — up 8.5% from $18.4B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new VTEB positions and 55 closed out — a net gain of 44 holders — while 390 added to existing stakes and 263 trimmed.
The largest buyer was Charles Schwab Investment Advisory, adding an estimated $455M. The largest seller was JP Morgan Chase, cutting an estimated $147M.
- 878 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q1 2023, up from 858 in Q4 2022.
- Funds reported $20B of Vanguard Tax-Exempt Bond Index Fund stock for Q1 2023, up 8.5% quarter-over-quarter.
- 99 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q1 2023 and 55 closed out, a net change of +44 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q1 2023 was Charles Schwab Investment Advisory, an estimated $455M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q1 2023 was JP Morgan Chase, an estimated $147M sold.
Based on aggregated 13F filings for Q1 2023.