Vanguard Tax-Exempt Bond Index Fund
VTEB
1,321 hedge funds and large institutions have $30.1B invested in Vanguard Tax-Exempt Bond Index Fund in 2025 Q4 according to their latest regulatory filings, with 183 funds opening new positions, 614 increasing their positions, 368 reducing their positions, and 70 closing their positions.
586% more call options, than puts
Call options by funds: $45.3M | Put options by funds: $6.61M
161% more first-time investments, than exits
New positions opened: 183 | Existing positions closed: 70
67% more repeat investments, than reductions
Existing positions increased: 614 | Existing positions reduced: 368
12% more funds holding in top 10
Funds holding in top 10: 77 → 86 (+9)
7% more funds holding
Funds holding: 1,235 → 1,321 (+86)
4% more capital invested
Capital invested by funds: $29B → $30.1B (+$1.19B)
1.41% less ownership
Funds ownership: 73.34% → 71.93% (-1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$275M |
| 2 |
Raymond James Financial
St Petersburg,
Florida
|
+$121M |
| 3 |
Corient Private Wealth
Miami,
Florida
|
+$118M |
| 4 |
Morgan Stanley
New York
|
+$109M |
| 5 |
Wealthfront Advisers
Palo Alto,
California
|
+$95.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$348M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
-$53.8M |
| 3 |
Charles Schwab
San Francisco,
California
|
-$50.5M |
| 4 |
GC
Garde Capital
Seattle,
Washington
|
-$42.7M |
| 5 |
WANY
Wealthspire Advisors (New York)
New York
|
-$37.8M |
VTEB Hedge Fund Activity: Q4 2025 in Review
1,321 of the 8,284 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q4 2025, worth a combined $30.1B — up 4.1% from $29B a quarter earlier.
Buyers outnumbered sellers: 183 funds opened new VTEB positions and 70 closed out — a net gain of 113 holders — while 614 added to existing stakes and 368 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $275M. The largest seller was Wellington Management Group, exiting entirely with an estimated $348M sold.
- 1,321 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q4 2025, up from 1,235 in Q3 2025.
- Funds reported $30.1B of Vanguard Tax-Exempt Bond Index Fund stock for Q4 2025, up 4.1% quarter-over-quarter.
- 183 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q4 2025 and 70 closed out, a net change of +113 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q4 2025 was JP Morgan Chase, an estimated $275M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q4 2025 was Wellington Management Group, an estimated $348M sold.
Based on aggregated 13F filings for Q4 2025.