Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

VANGUARD MUN BD FDS (VTEB)

1K + Investors. Track Smart Money conviction in VTEB. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +68
Streak
2Q ▲
Buyers last Q
62%

Smart Money Signals — VTEB

Based on 1200 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added VTEB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,200 hedge funds hold VTEB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+81 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟢

More buyers than sellers — 62% buying

713 buying441 selling
Last quarter: 713 funds were net buyers (159 opened a brand new position + 554 added to an existing one). Only 441 were sellers (350 trimmed + 91 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+61 vs last Q)

new funds entering per quarter
Funds opening a new VTEB position: 104 → 101 → 98 → 159. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 22% medium ■ 17% new
732 out of 1,200 hedge funds have held VTEB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

141 → 104 → 101 → 98 → 159 new funds/Q
New funds entering each quarter: 104 → 101 → 98 → 159. A growing number of institutions are discovering VTEB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Deep conviction — 59% of holders stayed 2+ years

■ 59% veterans ■ 17% 1-2yr ■ 24% new
Of 1,204 current holders: 713 (59%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
26 of 1200 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in VTEB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: VTEB

How many hedge funds hold VTEB — quarterly history vs. share price
Quarterly hedge fund ownership of VTEB vs. share price

Market Analysis: VTEB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: VTEB

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

56 top-rated funds 34 high-conviction
Consensus
7.6
/ 10
breadth
×
Elite
4.5
/ 10
conviction
Hedge Fund Positioning: VTEB
2026 Q1 Stats Unlock in 17 days 1K + Investors

Track Smart Money conviction in VTEB. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1204 1136 5.99%
13F Shares 553M 565M -2.22%
Total Value $29.62B $28.29B 4.7%
New Positions 159 98 +61
Increased Positions 563 501 +62
Closed Positions 91 83 +8
Reduced Positions 355 409 -54
Total Calls 3 3 -
Total Puts 2 2 -
PUT/CALL Ratio 0.67 0.67 Bullish

Statistics: VTEB

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
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Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in VTEB. Verified SEC 13F-HR filings.

Top 25 institutional holders of VTEB — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Lexington Hill Partners, LLC 20.37% 721,059 $36.0M
2 BAKER BOYER NATIONAL BANK 17.57% 1,172,202 $58.5M
3 ATMOS ADVISORY, LLC 12.41% 438,026 $21.9M
4 Sunflower Bank, N.A. 11.40% 896,240 $44.7M
5 Mallini Complete Financial Planning LLC 10.15% 256,806 $12.8M
6 West Financial Advisors, LLC 9.27% 1,094,845 $54.6M
7 Astoria Strategic Wealth, Inc. 8.17% 645,040 $32.2M
8 Topsail Wealth Management, LLC 8.10% 1,100,757 $54.9M
9 Xena Financial Planning, LLC 7.68% 136,450 $6.8M
10 Luminvest Wealth Management LLC 7.08% 540,555 $27.1M
11 Joel Adams & Associates, Inc. 7.01% 189,142 $9.4M
12 Heritage Investment Group, Inc. 6.56% 868,264 $43.3M
13 Seneca Financial Advisors LLC 6.43% 439,579 $21.9M
14 Level Wealth Management LLC 6.28% 268,707 $13.4M
15 CAPSTONE CAPITAL LLC 5.92% 184,133 $9.2M
16 Colony Family Offices, LLC 5.29% 429,624 $21.4M
17 Vested Financial Planning, LLC 5.12% 134,624 $6.7M
18 Northern Lights Advisors, Inc. 4.96% 143,688 $7.2M
19 Physician Wealth Solutions Inc. 4.73% 228,992 $11.4M
20 Gutierrez Wealth Advisory, LLC 4.63% 149,224 $7.4M
21 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 4.62% 6,316,714 $315.1M
22 NewCorp Financial Services, Inc. 4.57% 105,626 $5.3M
23 Rochester Wealth Strategies, LLC 4.45% 147,198 $7.3M
24 Mustard Seed Financial, LLC 4.42% 147,764 $7.4M
25 Silver Oak Advisory Group, Inc. 4.41% 204,877 $10K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — VANGUARD MUN BD FDS (VTEB)

What does the Smart Money Trend signal show for VTEB?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added VTEB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for VTEB?

More buyers than sellers — 62% buying: Last quarter: 713 funds were net buyers (159 opened a brand new position + 554 added to an existing one). Only 441 were sellers (350 trimmed + 91 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for VTEB holders?

Elite ownership — 44% AUM from top-100 funds: 26 of 1200 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in VTEB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held VTEB?

61% of holders stayed for 2+ years: 732 out of 1,200 hedge funds have held VTEB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.