Vanguard Tax-Exempt Bond Index Fund
VTEB
1,356 hedge funds and large institutions have $28.2B invested in Vanguard Tax-Exempt Bond Index Fund in 2026 Q1 according to their latest regulatory filings, with 121 funds opening new positions, 663 increasing their positions, 385 reducing their positions, and 60 closing their positions.
102% more first-time investments, than exits
New positions opened: 121 | Existing positions closed: 60
72% more repeat investments, than reductions
Existing positions increased: 663 | Existing positions reduced: 385
3% more funds holding
Funds holding: 1,321 → 1,356 (+35)
2% more funds holding in top 10
Funds holding in top 10: 86 → 88 (+2)
3.53% less ownership
Funds ownership: 71.93% → 68.4% (-3.5%)
7% less capital invested
Capital invested by funds: $30.1B → $28.2B (-$1.96B)
25% less call options, than puts
Call options by funds: $11.8M | Put options by funds: $15.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$139M |
| 2 |
Creative Planning
Overland Park,
Kansas
|
+$126M |
| 3 |
Jones Financial Companies
Des Peres,
Missouri
|
+$97.2M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$96.9M |
| 5 |
Charles Schwab
San Francisco,
California
|
+$92.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$3.02B |
| 2 |
TIAA Trust, National Association
Charlotte,
North Carolina
|
-$679M |
| 3 |
Jane Street
New York
|
-$81.4M |
| 4 |
BlackRock
New York
|
-$76.2M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$37.9M |
VTEB Hedge Fund Activity: Q1 2026 in Review
1,356 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in Vanguard Tax-Exempt Bond Index Fund (VTEB) for Q1 2026, worth a combined $28.2B — down 6.5% from $30.1B a quarter earlier.
Buyers outnumbered sellers: 121 funds opened new VTEB positions and 60 closed out — a net gain of 61 holders — while 663 added to existing stakes and 385 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $139M. The largest seller was JP Morgan Chase, cutting an estimated $3.02B.
- 1,356 institutional investors held Vanguard Tax-Exempt Bond Index Fund (VTEB) as of Q1 2026, up from 1,321 in Q4 2025.
- Funds reported $28.2B of Vanguard Tax-Exempt Bond Index Fund stock for Q1 2026, down 6.5% quarter-over-quarter.
- 121 funds opened new Vanguard Tax-Exempt Bond Index Fund positions in Q1 2026 and 60 closed out, a net change of +61 holders.
- The largest Vanguard Tax-Exempt Bond Index Fund buyer in Q1 2026 was Morgan Stanley, an estimated $139M added.
- The largest Vanguard Tax-Exempt Bond Index Fund seller in Q1 2026 was JP Morgan Chase, an estimated $3.02B sold.
Based on aggregated 13F filings for Q1 2026.