DaveManuel.com · Institutional Ownership · Who Owns It
VANGUARD MALVERN FDS (VSDB)
Institutional ownership reported to the SEC as of Q2 2026, across 6 quarters.
56
Reporting holders
$710.4M
Reported value
0.0%
Calls
0.0%
Puts
+11
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 |
|---|---|---|---|---|---|
| Orgel Wealth Management, LLC | $625.9M | 8,199,393 | 11.87% | 2q | +135.0%+$359.6M |
| Beaird Harris Wealth Management, LLC | $15.6M | 203,992 | 0.98% | 3q | +51.5%+$5.3M |
| CGN Advisors LLC | $7.2M | 94,661 | 0.53% | 2q | +33.3%+$1.8M |
| Werba Rubin Papier Wealth Management | $7.1M | 92,933 | 0.86% | 4q | +39.3%+$2.0M |
| TD Capital Management LLC | $6.2M | 81,727 | 0.51% | new | NEW |
| Keystone Financial Group, Inc. | $4.6M | 60,314 | 2.42% | 4q | +25.0%+$920.5K |
| Entruity Wealth, LLC | $4.6M | 60,268 | 2.98% | new | NEW |
| Bell Bank | $4.2M | 55,494 | 0.16% | new | NEW |
| Integrated Wealth Concepts LLC | $3.4M | 44,866 | 0.02% | 2q | -19.8%-$847.7K |
| Pinnacle Financial Group, LLC / IL | $3.1M | 40,697 | 0.76% | 5q | +5.2%+$153.8K |
| COMMONWEALTH EQUITY SERVICES, LLC | $2.0M | 26,562 | 0.00% | 3q | +42.6%+$605.4K |
| TD Waterhouse Canada Inc. | $1.7M | 21,881 | 0.00% | 3q | -20.0%-$418.9K |
| Robertson Stephens Wealth Management, LLC | $1.6M | 21,227 | 0.04% | 5q | +1.0%+$15.3K |
| Sanctuary Advisors, LLC | $1.6M | 21,156 | 0.01% | 5q | +4.7%+$73.1K |
| Eldridge Investment Advisors, Inc. | $1.3M | 16,440 | 0.25% | 2q | +52.2%+$430.4K |
| North Star Investment Management Corp. | $1.2M | 16,249 | 0.07% | 4q | -3.5%-$44.7K |
| Mills Wealth Advisors LLC | $1.1M | 14,509 | 0.35% | 5q | -16.2%-$214.1K |
| Balboa Wealth Partners | $1.1M | 14,337 | 0.15% | new | NEW |
| HAZLETT, BURT & WATSON, INC. | $1.1M | 13,783 | 0.28% | 4q | +31.3%+$252.1K |
| BARNES PETTEY FINANCIAL ADVISORS, LLC | $992.3K | 12,998 | 0.31% | 2q | HELD |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $942.1K | 12,399 | 0.00% | 3q | +26.9%+$199.8K |
| American Investment Services, Inc. | $909.4K | 11,913 | 0.19% | 3q | +10.0%+$82.4K |
| Englebert Financial Advisers, LLC | $908.6K | 11,902 | 0.89% | 2q | -29.4%-$378.4K |
| CITADEL ADVISORS LLC | $907.6K | 11,889 | 0.00% | 2q | -9.9%-$100.0K |
| STEEL GROVE CAPITAL ADVISORS, LLC | $877.9K | 11,500 | 0.08% | 2q | +155.6%+$534.4K |
| LPL Financial LLC | $843.7K | 11,052 | 0.00% | 3q | +99.0%+$419.8K |
| Prospera Financial Services Inc | $806.1K | 10,560 | 0.01% | 5q | -3.6%-$30.5K |
| AQR CAPITAL MANAGEMENT LLC | $766.8K | 10,044 | 0.00% | 3q | HELD |
| Worth Asset Management, LLC | $728.4K | 9,541 | 0.23% | new | NEW |
| Cambridge Investment Research Advisors, Inc. | $638.0K | 8,344 | 0.00% | 3q | +131.4%+$362.3K |
| Betterment LLC | $538.0K | 7,050 | 0.00% | 2q | -7.6%-$44.0K |
| Kestra Advisory Services, LLC | $522.8K | 6,848 | 0.00% | 4q | +1.9%+$9.8K |
| Essex Financial Services, Inc. | $434.4K | 5,690 | 0.02% | new | NEW |
| Crusonia Wealth Advisors LLC | $423.3K | 5,545 | 0.07% | new | NEW |
| Mariner, LLC | $413.6K | 5,418 | 0.00% | 2q | -20.6%-$107.3K |
| Focus Partners Advisor Solutions, LLC | $389.3K | 5,100 | 0.00% | 3q | HELD |
| FLAGSHIP HARBOR ADVISORS, LLC | $350.0K | 4,585 | 0.01% | 2q | +5.6%+$18.7K |
| Concurrent Investment Advisors, LLC | $343.8K | 4,503 | 0.00% | new | NEW |
| Farther Finance Advisors, LLC | $331.7K | 4,344 | 0.00% | 2q | +180.4%+$213.4K |
| ENVESTNET ASSET MANAGEMENT INC | $306.3K | 4,013 | 0.00% | new | NEW |
| Gutierrez Wealth Advisory, LLC | $291.6K | 3,819 | 0.17% | 3q | +0.8%+$2.3K |
| Burton Enright Welch | $274.5K | 3,596 | 0.03% | new | NEW |
| MML INVESTORS SERVICES, LLC | $260.8K | 3,416 | 0.00% | new | NEW |
| Aegis Wealth Management LLC | $250.0K | 3,275 | 0.12% | 3q | HELD |
| HBK Sorce Advisory LLC | $247.8K | 3,265 | 0.00% | 3q | HELD |
| Concord Wealth Partners | $233.6K | 3,060 | 0.03% | 5q | +1.0%+$2.2K |
| CRA Financial Services, LLC | $203.9K | 2,671 | 0.02% | new | NEW |
| Aptus Capital Advisors, LLC | $186.7K | 2,446 | 0.00% | 2q | -20.4%-$47.9K |
| Cornerstone National Bank & Trust Co | $163.4K | 2,151 | 0.06% | 2q | HELD |
| OSAIC HOLDINGS, INC. | $62.6K | 820 | 0.00% | new | NEW |
| Atomic Invest LLC | $46.9K | 614 | 0.00% | 2q | +0.7% |
| MORGAN STANLEY | $27.4K | 359 | 0.00% | new | NEW |
| Blue Trust, Inc. | $24.7K | 324 | 0.00% | new | NEW |
| VANGUARD ADVISERS INC | $7.3K | 96 | 0.00% | 2q | -61.4%-$11.6K |
| ROYAL BANK OF CANADA | $5.0K | 70 | 0.00% | 4q | HELD |
| EverSource Wealth Advisors, LLC | $76 | 1 | 0.00% | 4q | HELD |
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 | 23 | $655.4M | 8,777,980 | 4 | 14 | 3 | 0.0% |
| Q2 2026 | 56 | $710.4M | 9,305,710 | 15 | 22 | 11 | 0.0% |
| Q1 2026 | 45 | $321.8M | 4,220,023 | 18 | 13 | 4 | 0.0% |
| Q4 2025 | 28 | $21.3M | 278,957 | 13 | 9 | 3 | 0.0% |
| Q3 2025 | 18 | $24.7M | 322,756 | 11 | 6 | 1 | 0.0% |
| Q2 2025 | 9 | $5.6M | 74,073 | 9 | 0 | 0 | 0.0% |