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
↑ +47
Streak
3Q ▲
Buyers last Q
62%

Smart Money Signals — VTEB

Based on 1341 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q
For 3 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
1,341 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 — +12% more funds vs a year ago

fund count last 6Q
+148 new funds entered over the past year (+12% 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

773 buying472 selling
Last quarter: 773 funds were net buyers (133 opened a brand new position + 640 added to an existing one). Only 472 were sellers (386 trimmed + 86 sold completely). A clear majority buying is a strong confirmation signal.
⚠️

Fewer new buyers each quarter (-46 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 110 → 107 → 179 → 133. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 23% medium ■ 20% new
769 out of 1,341 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

116 → 110 → 107 → 179 → 133 new funds/Q
New funds entering each quarter: 110 → 107 → 179 → 133. A growing number of institutions are discovering VTEB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 60% veterans vs 24% newcomers

■ 60% veterans ■ 16% 1-2yr ■ 24% new
Entry-cohort mix of 1,345 holders: 802 (60%) are 2+ year veterans, 220 entered 1–2 years ago, and 323 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
35 of 1340 holders are among the 100 largest funds by AUM, controlling 46% 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.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — 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.

Institutional Sentiment Summary — VTEB

In 2026 Q1, 773 hedge funds were net buyers of VTEB (133 opened a new position, 640 added to an existing one), while 472 reduced or exited (386 trimmed, 86 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 46% of total institutional value in VTEB is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +47 funds (more new holders than closures). Total institutional holders: 1341.

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

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Vanguard Mun Bd Fds (VTEB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much VTEB has moved relative to its sector benchmark (SPY) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
VTEB
+0.9%
SPY
+15.9%

VTEB outperformed SPY by -15.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
VTEB
+1.3%
SPY
+2.0%

Since the filing became public, VTEB outperformed SPY by -0.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

29 top-rated funds 49 high-conviction
Consensus
6.4
/ 10
breadth
×
Elite
4.5
/ 10
conviction
Hedge Fund Positioning: VTEB
1K + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1330 1294 2.78%
13F Shares 515M 564M -8.6%
Total Value $25.14B $30.20B -16.75%
New Positions 129 179 -50
Increased Positions 637 593 +44
Closed Positions 93 96 -3
Reduced Positions 383 369 +14
Total Calls 2 3 -33.33%
Total Puts 2 2 -
PUT/CALL Ratio 1.0 0.67 Neutral

Statistics: VTEB

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Short % of Float --

Financial Highlights

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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.

QUARTER:
Top 25 VTEB holders by conviction (% of portfolio weight) — 2026 Q1 · 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 Frisco Financial Planning LLC 13.95% 281,670 $14.1M
4 Atmos Advisory, LLC 12.41% 438,026 $21.9M
5 Sunflower Bank, N.A. 11.40% 896,240 $44.7M
6 Mallini Complete Financial Planning LLC 10.15% 256,806 $12.8M
7 Alvarez & Marsal Private Wealth Partners, LLC 10.01% 1,428,518 $71.3M
8 Ackerman Capital Advisors, LLC 9.78% 957,011 $47.7M
9 West Financial Advisors, LLC 9.27% 1,094,845 $54.6M
10 Astoria Strategic Wealth, Inc. 8.17% 645,040 $32.2M
11 Topsail Wealth Management, LLC 8.10% 1,100,757 $54.9M
12 Xena Financial Planning, LLC 7.68% 136,450 $6.8M
13 Regimen Wealth, LLC 7.37% 505,550 $25.2M
14 Luminvest Wealth Management LLC 7.08% 540,555 $27.1M
15 Joel Adams & Associates, Inc. 7.01% 189,142 $9.4M
16 Stembrook Asset Management, LLC 6.88% 140,786 $7.0M
17 Heritage Investment Group, Inc. 6.56% 868,264 $43.3M
18 Seneca Financial Advisors LLC 6.43% 439,579 $21.9M
19 Level Wealth Management LLC 6.28% 268,707 $13.4M
20 Aspiriant, LLC 6.02% 4,233,953 $211.2M
21 Capstone Capital LLC 5.92% 184,133 $9.2M
22 Colony Family Offices, LLC 5.29% 429,624 $21.4M
23 Lutz Financial Services LLC 5.26% 1,569,663 $78.3M
24 Vested Financial Planning, LLC 5.12% 134,624 $6.7M
25 Northern Lights Advisors, Inc. 4.96% 143,688 $7.2M
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 — 3 quarters in a row: For 3 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: 773 funds were net buyers (133 opened a brand new position + 640 added to an existing one). Only 472 were sellers (386 trimmed + 86 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for VTEB holders?

Elite ownership — 46% AUM from top-100 funds: 35 of 1340 holders are among the 100 largest funds by AUM, controlling 46% 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?

57% of holders stayed for 2+ years: 769 out of 1,341 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.

Is it too late to buy Vanguard Mun Bd Fds (VTEB) following the 2026 Q1 hedge fund 13F filings?

As of today, VTEB has moved +1.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +2.0% for the SPY sector ETF — an outperformance of -0.7%. Since the quarter end (March 31, 2026), VTEB has gained +0.9% vs +15.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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