Vanguard Tax-Exempt Bond Index Fund
VTEB
893 hedge funds and large institutions have $21B invested in Vanguard Tax-Exempt Bond Index Fund in 2023 Q2 according to their latest regulatory filings, with 77 funds opening new positions, 391 increasing their positions, 302 reducing their positions, and 56 closing their positions.
38% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 56
29% more repeat investments, than reductions
Existing positions increased: 391 | Existing positions reduced: 302
5% more capital invested
Capital invested by funds: $20B → $21B (+$1.07B)
2% more funds holding
Funds holding: 878 → 893 (+15)
0% more funds holding in top 10
Funds holding in top 10: 83 → 83 (0)
0.46% less ownership
Funds ownership: 76.04% → 75.58% (-0.46%)
7% less call options, than puts
Call options by funds: $1.82M | Put options by funds: $1.96M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wealthfront Advisers
Palo Alto,
California
|
+$300M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$151M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$113M |
| 4 |
PCIA
Prime Capital Investment Advisors
Overland Park,
Kansas
|
+$109M |
| 5 |
OWM
Orgel Wealth Management
Altoona,
Wisconsin
|
+$86.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$87.7M |
| 2 |
SCM
SCS Capital Management
Boston,
Massachusetts
|
-$34.2M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$29M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$27.9M |
| 5 |
Cerity Partners
New York
|
-$25.5M |
VTEB Hedge Fund Activity: Q2 2023 in Review
893 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q2 2023, worth a combined $21B — up 5.3% from $20B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new VTEB positions and 56 closed out — a net gain of 21 holders — while 391 added to existing stakes and 302 trimmed.
The largest buyer was Wealthfront Advisers, adding an estimated $300M. The largest seller was Baird Financial Group, cutting an estimated $87.7M.
- 893 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q2 2023, up from 878 in Q1 2023.
- Funds reported $21B of Vanguard Tax-Exempt Bond Index Fund stock for Q2 2023, up 5.3% quarter-over-quarter.
- 77 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q2 2023 and 56 closed out, a net change of +21 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q2 2023 was Wealthfront Advisers, an estimated $300M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q2 2023 was Baird Financial Group, an estimated $87.7M sold.
Based on aggregated 13F filings for Q2 2023.