DaveManuel.com · Institutional Ownership · Who Owns It
VANGUARD MUN BD FDS (VCRM)
Institutional ownership reported to the SEC as of Q2 2026, across 8 quarters.
156
Reporting holders
$993.2M
Reported value
0.0%
Calls
0.0%
Puts
+31
Holder change
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| HBK Sorce Advisory LLC | $273.9M | 3,651,728 | 5.19% | 4q | +5.5%+$14.3M |
| Verum Partners LLC | $64.3M | 841,112 | 9.61% | 6q | +39.6%+$18.2M |
| Topsail Wealth Management, LLC | $47.0M | 615,176 | 6.00% | 7q | +60.1%+$17.6M |
| Karpus Management, Inc. | $46.9M | 613,630 | 1.35% | 4q | +4.0%+$1.8M |
| Aprio Wealth Management, LLC | $43.7M | 571,707 | 2.16% | 3q | -9.4%-$4.5M |
| JONES FINANCIAL COMPANIES LLLP | $38.2M | 500,175 | 0.02% | 3q | +104.1%+$19.5M |
| Mills Wealth Advisors LLC | $34.4M | 450,834 | 10.85% | 7q | +12.9%+$3.9M |
| Confluence Wealth Services, Inc. | $25.2M | 329,907 | 0.72% | 3q | +22.4%+$4.6M |
| Focus Partners Wealth | $22.0M | 288,155 | 0.02% | 3q | -6.4%-$1.5M |
| Opus Capital Group, LLC | $19.0M | 248,789 | 1.84% | 6q | HELD |
| San Luis Wealth Advisors LLC | $16.4M | 214,094 | 2.46% | 5q | -7.1%-$1.2M |
| TRUIST FINANCIAL CORP | $15.8M | 207,390 | 0.02% | 4q | +124.0%+$8.8M |
| Elite Life Management LLC | $14.5M | 193,761 | 17.02% | 2q | +11.5%+$1.5M |
| MB, LEVIS & ASSOCIATES, LLC | $14.0M | 182,879 | 5.15% | 4q | +0.6%+$76.6K |
| CGN Advisors LLC | $13.2M | 173,051 | 0.97% | 5q | HELD |
| Alaethes Wealth, LLC | $12.3M | 160,419 | 3.56% | new | NEW |
| Tradewinds Capital Management, LLC | $11.8M | 153,988 | 2.09% | new | NEW |
| JANE STREET GROUP, LLC | $11.7M | 153,725 | 0.00% | 7q | +614.2%+$10.1M |
| Mallini Complete Financial Planning LLC | $10.1M | 131,776 | 7.18% | new | NEW |
| Verus Financial Partners, Inc. | $9.1M | 118,924 | 0.78% | 5q | +22.0%+$1.6M |
| TFO Wealth Partners, LLC | $8.8M | 115,064 | 0.96% | 4q | +39.4%+$2.5M |
| Penney Financial, LLC | $8.7M | 113,444 | 3.03% | new | NEW |
| Keystone Financial Group, Inc. | $8.3M | 109,104 | 4.37% | 4q | +82.9%+$3.8M |
| LPL Financial LLC | $7.6M | 99,595 | 0.00% | 5q | +78.3%+$3.3M |
| Integrated Wealth Concepts LLC | $7.4M | 97,452 | 0.05% | 2q | +489.9%+$6.2M |
| TAGStone Capital, Inc. | $7.3M | 95,674 | 2.32% | 5q | -1.5%-$114.6K |
| ENVESTNET ASSET MANAGEMENT INC | $7.0M | 92,269 | 0.00% | 5q | +3.7%+$253.3K |
| Physician Wealth Advisors, Inc. | $6.8M | 88,686 | 0.81% | 7q | +1.7%+$111.6K |
| Tilson Financial Group, Inc. | $6.7M | 87,581 | 1.84% | 3q | +18.7%+$1.1M |
| JPMORGAN CHASE & CO | $6.4M | 83,635 | 0.00% | 6q | +40897.5%+$6.4M |
| D'Orazio & Associates, Inc. | $5.9M | 76,991 | 0.68% | 3q | +54.1%+$2.1M |
| Physician Wealth Solutions Inc. | $5.7M | 74,716 | 2.16% | 5q | +5.1%+$276.6K |
| Blume Capital Management, Inc. | $5.7M | 74,350 | 0.83% | 4q | +5.2%+$282.7K |
| EQ WEALTH ADVISORS, LLC | $5.0M | 65,564 | 2.75% | 3q | +23.4%+$948.7K |
| HighTower Advisors, LLC | $5.0M | 65,361 | 0.00% | 3q | -39.8%-$3.3M |
| Elequin Capital, LP | $4.9M | 64,144 | 0.15% | new | NEW |
| QUANTUM FINANCIAL PARTNERS LLC | $4.8M | 63,060 | 2.46% | new | FIRST |
| Timmons Wealth Management, LLC | $4.8M | 62,499 | 3.49% | new | NEW |
| Rehmann Capital Advisory Group | $4.6M | 60,033 | 0.21% | 5q | +17.2%+$671.8K |
| Beaird Harris Wealth Management, LLC | $4.2M | 55,414 | 0.27% | 2q | +111.2%+$2.2M |
| Kelman-Lazarov, Inc. | $4.2M | 55,199 | 0.55% | 5q | +21.6%+$748.6K |
| S.A. Mason LLC | $4.0M | 52,780 | 1.24% | 3q | +3.5%+$137.5K |
| Brio Consultants, LLC | $3.7M | 49,083 | 0.44% | 5q | +25.9%+$772.3K |
| Gutierrez Wealth Advisory, LLC | $3.7M | 48,718 | 2.15% | 5q | -9.5%-$389.9K |
| Balanced Rock Investment Advisors LLC | $3.7M | 48,515 | 2.31% | 5q | +1.6%+$56.7K |
| NewEdge Advisors, LLC | $3.5M | 45,885 | 0.01% | 4q | +23.6%+$670.3K |
| Rialto Wealth Management, LLC | $3.2M | 41,824 | 0.63% | new | NEW |
| HUB Investment Partners, LLC | $3.1M | 40,991 | 0.06% | 6q | +45.9%+$985.7K |
| TD Capital Management LLC | $2.9M | 37,900 | 0.24% | new | NEW |
| Advyzon Investment Management, LLC | $2.9M | 37,896 | 0.21% | 5q | -17.0%-$593.1K |
| WEBSTERROGERS FINANCIAL ADVISORS, LLC | $2.8M | 36,485 | 0.71% | 5q | +134.5%+$1.6M |
| SMITHBRIDGE ASSET MANAGEMENT INC/DE | $2.7M | 35,353 | 0.37% | 4q | +2.9%+$76.4K |
| COMMONWEALTH EQUITY SERVICES, LLC | $2.5M | 32,526 | 0.00% | 3q | +27.7%+$538.7K |
| Sunpointe, LLC | $2.4M | 31,028 | 0.67% | 5q | +3.7%+$84.9K |
| BOSTON FAMILY OFFICE LLC | $2.4M | 30,812 | 0.14% | 3q | +103.5%+$1.2M |
| NWM ADVISORS, LLC | $2.3M | 30,615 | 1.84% | 3q | HELD |
| Capital Investment Services of America, Inc. | $2.2M | 28,760 | 0.22% | 5q | +4.7%+$99.3K |
| Hills Bank & Trust Co | $2.1M | 27,307 | 0.09% | new | NEW |
| Cerity Partners LLC | $2.1M | 26,888 | 0.00% | 3q | -0.6%-$12.5K |
| Thrivent Financial for Lutherans | $2.0M | 26,275 | 0.00% | 4q | HELD |
| CRA Financial Services, LLC | $1.9M | 24,885 | 0.22% | 7q | -1.3%-$26.0K |
| Diversified Portfolios, Inc. | $1.9M | 24,357 | 0.13% | new | NEW |
| Valeo Financial Advisors, LLC | $1.9M | 24,357 | 0.04% | 7q | +5.7%+$100.2K |
| Greenwich Wealth Management LLC | $1.8M | 23,926 | 0.07% | 5q | -14.0%-$296.6K |
| Aptus Capital Advisors, LLC | $1.8M | 23,408 | 0.01% | new | NEW |
| Burton Enright Welch | $1.8M | 23,346 | 0.21% | 6q | +9.1%+$149.0K |
| NATIXIS ADVISORS, LLC | $1.7M | 22,717 | 0.00% | new | NEW |
| UP STRATEGIC WEALTH INVESTMENT ADVISORS LLC | $1.6M | 21,459 | 0.96% | 2q | -43.2%-$1.2M |
| Landmark Wealth Management, LLC | $1.6M | 20,769 | 0.38% | 3q | +40.0%+$453.5K |
| SJS Investment Consulting Inc. | $1.6M | 20,403 | 0.17% | 6q | +14.0%+$191.0K |
| Lakewood Asset Management LLC | $1.5M | 20,215 | 0.85% | 3q | +483.9%+$1.3M |
| CITADEL ADVISORS LLC | $1.5M | 19,604 | 0.00% | new | NEW |
| NavPoint Financial, Inc. | $1.4M | 18,074 | 0.51% | 4q | +26.5%+$289.2K |
| Galvin, Gaustad & Stein, LLC | $1.4M | 18,025 | 0.10% | 7q | +5.9%+$76.4K |
| Lynch Investment Planning, LLC | $1.3M | 17,593 | 1.03% | 3q | +42.1%+$398.3K |
| Oak Wealth Advisors LLC | $1.3M | 17,182 | 0.63% | 3q | +9.2%+$111.1K |
| Main Street Financial Solutions, LLC | $1.2M | 16,288 | 0.08% | 4q | +13.2%+$145.0K |
| L.K. Benson & Company, P.C. | $1.2M | 16,062 | 0.37% | 5q | +19.8%+$202.8K |
| Souders Financial Advisors | $1.2M | 15,418 | 0.12% | new | NEW |
| Dakota Wealth Management | $1.1M | 14,700 | 0.02% | 3q | +67.0%+$450.8K |
| Willow Creek Wealth Management Inc. | $1.1M | 14,343 | 0.07% | new | NEW |
| Sprinkle Financial Consultants LLC | $1.0M | 13,395 | 0.40% | 3q | +0.9%+$9.5K |
| OSAIC HOLDINGS, INC. | $989.2K | 12,948 | 0.00% | 6q | +208.7%+$668.7K |
| EVOLVE PRIVATE WEALTH, LLC | $985.5K | 12,899 | 0.06% | 2q | -1.6%-$15.9K |
| AWM CAPITAL, LLC | $950.8K | 12,445 | 0.08% | 3q | +176.1%+$606.4K |
| Retirement Planning Group, LLC | $943.9K | 12,355 | 0.02% | 6q | +190.0%+$618.4K |
| ABLE Financial Group, LLC | $904.2K | 11,835 | 0.15% | 5q | HELD |
| Stratos Wealth Partners, LTD. | $884.7K | 11,579 | 0.01% | new | NEW |
| Bernardo Wealth Planning LLC | $855.8K | 11,202 | 0.15% | 4q | -2.6%-$23.0K |
| North Star Investment Management Corp. | $848.2K | 11,102 | 0.05% | 5q | HELD |
| Outbound Financial Inc | $803.2K | 10,513 | 0.52% | 2q | HELD |
| Breakwater Capital Group | $791.5K | 10,360 | 0.09% | 6q | +10.9%+$78.0K |
| Cambridge Investment Research Advisors, Inc. | $768.0K | 10,050 | 0.00% | 4q | +42.7%+$229.6K |
| TITLEIST ASSET MANAGEMENT, LLC | $762.2K | 9,976 | 0.05% | 2q | -12.7%-$110.9K |
| Newman Dignan & Sheerar, Inc. | $743.0K | 9,726 | 0.14% | 2q | +193.4%+$489.8K |
| &PARTNERS | $742.8K | 9,717 | 0.00% | 3q | +15.0%+$96.8K |
| Next Level Wealth Planning, LLC | $715.9K | 9,370 | 0.32% | 4q | +3.2%+$22.1K |
| Waverly Advisors, LLC | $704.6K | 9,223 | 0.00% | 6q | HELD |
| Traub Capital Management LLC | $702.7K | 9,198 | 0.63% | 4q | HELD |
| JHP Wealth Management, LLC | $684.0K | 8,953 | 0.56% | new | NEW |
Showing the largest 100 of 156 reported holders.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 76 | $429.9M | 6,011,523 | 16 | 36 | 12 | 0.0% |
| Q2 2026 | 156 | $993.2M | 13,068,435 | 38 | 72 | 20 | 0.0% |
| Q1 2026 | 125 | $775.8M | 10,295,768 | 15 | 68 | 18 | 0.0% |
| Q4 2025 | 117 | $460.8M | 6,094,257 | 43 | 53 | 8 | 0.0% |
| Q3 2025 | 77 | $318.7M | 4,234,420 | 28 | 36 | 8 | 0.0% |
| Q2 2025 | 51 | $151.8M | 2,063,250 | 28 | 13 | 7 | 0.0% |
| Q1 2025 | 28 | $55.8M | 751,633 | 18 | 8 | 0 | 0.0% |
| Q4 2024 | 11 | $28.6M | 383,049 | 8 | 0 | 0 | 0.0% |