Vanguard Tax-Exempt Bond Index Fund
VTEB
1,071 hedge funds and large institutions have $24.6B invested in Vanguard Tax-Exempt Bond Index Fund in 2023 Q4 according to their latest regulatory filings, with 218 funds opening new positions, 433 increasing their positions, 333 reducing their positions, and 60 closing their positions.
263% more first-time investments, than exits
New positions opened: 218 | Existing positions closed: 60
30% more repeat investments, than reductions
Existing positions increased: 433 | Existing positions reduced: 333
18% more capital invested
Capital invested by funds: $20.8B → $24.6B (+$3.77B)
16% more funds holding
Funds holding: 923 → 1,071 (+148)
15% more funds holding in top 10
Funds holding in top 10: 79 → 91 (+12)
0.45% less ownership
Funds ownership: 77.48% → 77.02% (-0.45%)
72% less call options, than puts
Call options by funds: $781K | Put options by funds: $2.77M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$753M |
| 2 |
Wealthfront Advisers
Palo Alto,
California
|
+$259M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$179M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$160M |
| 5 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
+$159M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OWM
Orgel Wealth Management
Altoona,
Wisconsin
|
-$370M |
| 2 |
RWP
RWA Wealth Partners
Newton,
Massachusetts
|
-$216M |
| 3 |
WAG
Winthrop Advisory Group
Boston,
Massachusetts
|
-$58.5M |
| 4 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$49.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$42M |
VTEB Hedge Fund Activity: Q4 2023 in Review
1,071 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q4 2023, worth a combined $24.6B — up 18% from $20.8B a quarter earlier.
Buyers outnumbered sellers: 218 funds opened new VTEB positions and 60 closed out — a net gain of 158 holders — while 433 added to existing stakes and 333 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $753M. The largest seller was Orgel Wealth Management, cutting an estimated $370M.
- 1,071 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q4 2023, up from 923 in Q3 2023.
- Funds reported $24.6B of Vanguard Tax-Exempt Bond Index Fund stock for Q4 2023, up 18% quarter-over-quarter.
- 218 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q4 2023 and 60 closed out, a net change of +158 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.