In a medium bowl, combine the almond butter, coconut oil, cacao nibs and vanilla. Mix well.
Cover and refrigerate for 40 minutes, or until firm enough to handle.
Place the shredded coconut in a small bowl.
Using a 1 Tb. measure, scoop out almond butter mixture and drop on shredded coconut. Roll into a ball.
Repeat with remainder of mixture and refrigerate for 10 minutes before eating.