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Vanguard Tax-Exempt Bond Index Fund

1,068 hedge funds and large institutions have $25.2B invested in Vanguard Tax-Exempt Bond Index Fund in 2023 Q4 according to their latest regulatory filings, with 217 funds opening new positions, 432 increasing their positions, 332 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

262% more first-time investments, than exits

New positions opened: 217 | Existing positions closed: 60

30% more repeat investments, than reductions

Existing positions increased: 432 | Existing positions reduced: 332

21% more capital invested

Capital invested by funds: $20.8B → $25.2B (+$4.39B)

16% more funds holding

Funds holding: 9211,068 (+147)

15% more funds holding in top 10

Funds holding in top 10: 7991 (+12)

1.49% more ownership

Funds ownership: 77.49%78.98% (+1.5%)

72% less call options, than puts

Call options by funds: $781K | Put options by funds: $2.77M

Holders
1,068
Holders Change
+147
Holders Change %
+15.96%
% of All Funds
15.57%
Holding in Top 10
91
Holding in Top 10 Change
+12
Holding in Top 10 Change %
+15.19%
% of All Funds
1.33%
New
217
Increased
432
Reduced
332
Closed
60
Calls
$781K
Puts
$2.77M
Net Calls
-$1.99M
Net Calls Change
-$486K
Name Holding Trade Value Shares
Change
Change in
Stake
JP Morgan Chase
1
JP Morgan Chase
New York
$4.41B +$753M +15,364,118 +22%
Northwestern Mutual Wealth Management
2
Northwestern Mutual Wealth Management
Wisconsin
$1.67B +$115M +2,346,081 +8%
CSIA
3
Charles Schwab Investment Advisory
California
$1.44B +$40.3M +821,527 +3%
Morgan Stanley
4
Morgan Stanley
New York
$1.27B +$647M +13,197,484 +113%
Wealthfront Advisers
5
Wealthfront Advisers
California
$1.27B +$259M +5,278,256 +27%
Creative Planning
6
Creative Planning
Kansas
$1.26B +$160M +3,258,212 +15%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$979M +$179M +3,660,355 +24%
RJA
8
Raymond James & Associates
Florida
$880M +$13.1M +267,300 +2%
Northern Trust
9
Northern Trust
Illinois
$598M +$33M +672,087 +6%
SEI Investments
10
SEI Investments
Pennsylvania
$564M +$89.3M +1,820,365 +20%
TIAA Trust, National Association
11
TIAA Trust, National Association
North Carolina
$558M +$159M +3,246,104 +42%
Envestnet Asset Management
12
Envestnet Asset Management
Illinois
$427M +$31.2M +636,006 +8%
Bank of America
13
Bank of America
North Carolina
$407M +$95.1M +1,938,622 +32%
Wells Fargo
14
Wells Fargo
California
$376M +$43.2M +881,663 +14%
UBS Group
15
UBS Group
Switzerland
$324M -$42M -856,441 -12%
AL
16
Aspiriant LLC
California
$281M +$60.8M +1,239,734 +29%
Mercer Global Advisors
17
Mercer Global Advisors
Colorado
$237M +$18.7M +380,665 +9%
Corient Private Wealth
18
Corient Private Wealth
Florida
$231M -$684K -13,951 -0.3%
US Bancorp
19
US Bancorp
Minnesota
$197M +$30.2M +616,761 +19%
Franklin Resources
20
Franklin Resources
California
$193M -$1.21M -24,609 -0.6%
RWP
21
RWA Wealth Partners
Massachusetts
$156M -$216M -4,398,013 -59%
Ameriprise
22
Ameriprise
Minnesota
$153M +$25.2M +513,928 +21%
Cerity Partners
23
Cerity Partners
New York
$147M +$64M +1,305,680 +83%
SCM
24
SCS Capital Management
Massachusetts
$144M -$33.8M -689,578 -20%
CCWA
25
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$136M +$95.7K +1,952 +0.1%

VTEB Hedge Fund Activity: Q4 2023 in Review

1,068 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q4 2023, worth a combined $25.2B — up 21% from $20.8B a quarter earlier.

Buyers outnumbered sellers: 217 funds opened new VTEB positions and 60 closed out — a net gain of 157 holders — while 432 added to existing stakes and 332 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $753M. The largest seller was Orgel Wealth Management, cutting an estimated $370M.

  • 1,068 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q4 2023, up from 921 in Q3 2023.
  • Funds reported $25.2B of Vanguard Tax-Exempt Bond Index Fund stock for Q4 2023, up 21% quarter-over-quarter.
  • 217 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q4 2023 and 60 closed out, a net change of +157 holders.
  • The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q4 2023 was JP Morgan Chase, an estimated $753M added.
  • The largest Vanguard Tax-Exempt Bond Index Fund seller in Q4 2023 was Orgel Wealth Management, an estimated $370M sold.

Based on aggregated 13F filings for Q4 2023.