CUSIP 922021605
VANGUARD CALIF TAX FREE FDS
169 institutions · $770.7M total · 7,731,450 shares
| # | Manager | Shares | Value | % of Total | Period |
|---|---|---|---|---|---|
| 1 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 4,077,067 | $408.8M | 52.73% | 2025-12-31 |
| 2 | Miracle Mile Advisors, LLC | 567,221 | $56.9M | 7.33% | 2025-12-31 |
| 3 | Cetera Investment Advisers | 273,492 | $27.4M | 3.53% | 2025-12-31 |
| 4 | JANE STREET GROUP, LLC | 262,230 | $26.3M | 3.39% | 2025-12-31 |
| 5 | BANK OF AMERICA CORP /DE/ | 210,536 | $21.0M | 2.72% | 2025-12-31 |
| 6 | CAPTRUST FINANCIAL ADVISORS | 203,167 | $20.4M | 2.62% | 2025-12-31 |
| 7 | Wedmont Private Capital | 160,113 | $16.1M | 2.07% | 2025-12-31 |
| 8 | GUGGENHEIM CAPITAL LLC | 118,933 | $11.9M | 1.53% | 2025-12-31 |
| 9 | LPL Financial LLC | 105,244 | $10.6M | 1.36% | 2025-12-31 |
| 10 | EVOKE WEALTH, LLC | 100,023 | $10.0M | 1.29% | 2025-12-31 |
| 11 | Concurrent Investment Advisors, LLC | 87,054 | $8.7M | 1.12% | 2025-12-31 |
| 12 | ECLECTIC ASSOCIATES INC /ADV | 63,534 | $6.4M | 0.82% | 2025-12-31 |
| 13 | Creative Planning | 59,166 | $5.9M | 0.76% | 2025-12-31 |
| 14 | Brio Consultants, LLC | 54,394 | $5.5M | 0.70% | 2025-12-31 |
| 15 | OLD MISSION CAPITAL LLC | 50,436 | $5.1M | 0.65% | 2025-12-31 |
| 16 | Altiora Financial Group, LLC | 50,000 | $5.0M | 0.64% | 2025-12-31 |
| 17 | Corient Private Wealth LLC | 46,628 | $4.7M | 0.60% | 2025-12-31 |
| 18 | Bell Investment Advisors, Inc | 45,172 | $4.5M | 0.58% | 2025-12-31 |
| 19 | Shared Vision Wealth Group LLC | 44,510 | $4.5M | 0.57% | 2025-12-31 |
| 20 | PFG Advisors | 43,921 | $4.4M | 0.56% | 2025-12-31 |
| 21 | JONES FINANCIAL COMPANIES LLLP | 39,749 | $4.0M | 0.51% | 2025-12-31 |
| 22 | Gotham Asset Management, LLC | 39,612 | $4.0M | 0.51% | 2025-12-31 |
| 23 | UNITED CAPITAL FINANCIAL ADVISORS, LLC | 38,241 | $3.8M | 0.49% | 2025-12-31 |
| 24 | Focus Partners Advisor Solutions, LLC | 39,000 | $3.8M | 0.50% | 2025-06-30 |
| 25 | NDWM LLC | 35,138 | $3.5M | 0.45% | 2025-12-31 |
| 26 | GOLDMAN SACHS GROUP INC | 29,408 | $2.9M | 0.38% | 2025-09-30 |
| 27 | Vise Technologies, Inc. | 25,380 | $2.5M | 0.32% | 2025-12-31 |
| 28 | Root Financial Partners, LLC | 25,351 | $2.5M | 0.32% | 2025-12-31 |
| 29 | Fort Point Capital Partners LLC | 24,412 | $2.5M | 0.31% | 2025-12-31 |
| 30 | COMMONWEALTH EQUITY SERVICES, LLC | 23,475 | $2.4M | 0.30% | 2025-12-31 |
| 31 | FLC Capital Advisors | 22,577 | $2.3M | 0.29% | 2025-12-31 |
| 32 | FINANCIAL MANAGEMENT NETWORK INC | 21,960 | $2.2M | 0.28% | 2025-12-31 |
| 33 | Beacon Pointe Advisors, LLC | 21,153 | $2.1M | 0.27% | 2025-12-31 |
| 34 | RAYMOND JAMES FINANCIAL INC | 20,013 | $2.0M | 0.25% | 2025-12-31 |
| 35 | Diversify Advisory Services, LLC | 19,805 | $2.0M | 0.25% | 2025-12-31 |
| 36 | Blue Oak Capital, LLC | 19,091 | $1.9M | 0.24% | 2025-06-30 |
| 37 | OSAIC HOLDINGS, INC. | 17,045 | $1.7M | 0.22% | 2025-12-31 |
| 38 | Mariner, LLC | 16,747 | $1.7M | 0.21% | 2025-12-31 |
| 39 | Burton Enright Welch | 16,716 | $1.7M | 0.21% | 2025-12-31 |
| 40 | Tower Research Capital LLC (TRC) | 15,713 | $1.6M | 0.20% | 2025-12-31 |
| 41 | DeLarme Wealth Management, Inc. | 15,182 | $1.5M | 0.19% | 2025-12-31 |
| 42 | Ducere Wealth Management LLC | 15,018 | $1.5M | 0.19% | 2025-12-31 |
| 43 | SteelPeak Wealth, LLC | 14,667 | $1.5M | 0.18% | 2025-12-31 |
| 44 | Luminvest Wealth Management LLC | 14,375 | $1.4M | 0.18% | 2025-12-31 |
| 45 | Savvy Advisors, Inc. | 13,815 | $1.4M | 0.17% | 2025-12-31 |
| 46 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 13,146 | $1.3M | 0.17% | 2025-12-31 |
| 47 | EP Wealth Advisors, LLC | 12,263 | $1.2M | 0.15% | 2025-12-31 |
| 48 | WESPAC Advisors SoCal, LLC | 12,054 | $1.2M | 0.15% | 2025-12-31 |
| 49 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 11,831 | $1.2M | 0.15% | 2025-12-31 |
| 50 | Quantinno Capital Management LP | 11,791 | $1.2M | 0.15% | 2025-12-31 |
| 51 | Meridian Wealth Management, LLC | 11,725 | $1.2M | 0.15% | 2025-12-31 |
| 52 | Bridgewealth Advisory Group, LLC | 11,787 | $1.2M | 0.15% | 2024-12-31 |
| 53 | Bridgewater Advisors Inc. | 10,941 | $1.1M | 0.14% | 2025-12-31 |
| 54 | Geometric Wealth Advisors | 10,643 | $1.1M | 0.13% | 2025-12-31 |
| 55 | Ariston Services Group | 9,735 | $976.1K | 0.12% | 2025-12-31 |
| 56 | Sand Hill Global Advisors, LLC | 9,664 | $968.9K | 0.12% | 2025-12-31 |
| 57 | CATALYST PRIVATE WEALTH, LLC | 9,468 | $949.3K | 0.12% | 2025-12-31 |
| 58 | Joel Isaacson & Co., LLC | 9,331 | $935.5K | 0.12% | 2025-12-31 |
| 59 | AQR CAPITAL MANAGEMENT LLC | 9,281 | $930.5K | 0.12% | 2025-12-31 |
| 60 | HIGHLINE WEALTH PARTNERS LLC | 9,063 | $904.2K | 0.11% | 2025-09-30 |
| 61 | Apella Capital, LLC | 8,997 | $902.0K | 0.11% | 2025-12-31 |
| 62 | North Berkeley Wealth Management, LLC | 8,322 | $834.4K | 0.10% | 2025-12-31 |
| 63 | Valmark Advisers, Inc. | 7,822 | $784.2K | 0.10% | 2025-12-31 |
| 64 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 7,487 | $747.0K | 0.09% | 2025-09-30 |
| 65 | Values Added Financial LLC | 7,298 | $718.1K | 0.09% | 2025-03-31 |
| 66 | VANGUARD GROUP INC | 7,023 | $704.1K | 0.09% | 2025-12-31 |
| 67 | Ameritas Advisory Services, LLC | 6,830 | $684.8K | 0.08% | 2025-12-31 |
| 68 | OPPENHEIMER & CO INC | 6,792 | $681.0K | 0.08% | 2025-12-31 |
| 69 | VAN STRUM & TOWNE INC. | 6,400 | $641.7K | 0.08% | 2025-12-31 |
| 70 | Ballast Rock Private Wealth LLC | 6,177 | $619.3K | 0.07% | 2025-12-31 |
| 71 | SWEENEY & MICHEL, LLC | 6,115 | $618.2K | 0.07% | 2025-12-31 |
| 72 | Retirement Planning Group, LLC | 6,077 | $609.3K | 0.07% | 2025-12-31 |
| 73 | Keystone Wealth Services, LLC | 5,679 | $569.4K | 0.07% | 2025-12-31 |
| 74 | Royal Bank of Canada | 5,556 | $557.0K | 0.07% | 2025-12-31 |
| 75 | Opes Wealth Management LLC | 5,650 | $556.0K | 0.07% | 2025-03-31 |
| 76 | Moss Adams Wealth Advisors LLC | 5,521 | $553.5K | 0.07% | 2025-12-31 |
| 77 | Cerity Partners LLC | 5,133 | $514.6K | 0.06% | 2025-12-31 |
| 78 | J.W. COLE ADVISORS, INC. | 5,000 | $501.3K | 0.06% | 2025-12-31 |
| 79 | Argyle Capital Partners, LLC | 5,000 | $501.3K | 0.06% | 2025-12-31 |
| 80 | ENVESTNET ASSET MANAGEMENT INC | 4,890 | $490.3K | 0.06% | 2025-12-31 |
| 81 | Stone Summit Wealth LLC | 4,782 | $479.4K | 0.06% | 2025-12-31 |
| 82 | FIDUCIARY FINANCIAL GROUP, LLC | 4,668 | $468.0K | 0.06% | 2025-12-31 |
| 83 | Elser Financial Planning, Inc | 4,603 | $461.5K | 0.05% | 2025-12-31 |
| 84 | IEQ CAPITAL, LLC | 4,594 | $460.6K | 0.05% | 2025-12-31 |
| 85 | NavPoint Financial, Inc. | 4,568 | $457.9K | 0.05% | 2025-12-31 |
| 86 | Integrated Wealth Concepts LLC | 4,581 | $457.0K | 0.05% | 2025-09-30 |
| 87 | ELEVATION WEALTH PARTNERS, LLC | 4,360 | $429.0K | 0.05% | 2025-03-31 |
| 88 | HILL ISLAND FINANCIAL LLC | 4,278 | $428.9K | 0.05% | 2025-12-31 |
| 89 | CITADEL ADVISORS LLC | 4,100 | $411.1K | 0.05% | 2025-12-31 |
| 90 | TPG Advisors LLC | 4,006 | $401.6K | 0.05% | 2025-12-31 |
| 91 | Allworth Financial LP | 3,903 | $389.4K | 0.05% | 2025-12-31 |
| 92 | INTEGRAL INVESTMENT ADVISORS, INC. | 3,850 | $386.0K | 0.04% | 2025-12-31 |
| 93 | Pinnacle Wealth Management Advisory Group, LLC | 3,805 | $381.5K | 0.04% | 2025-12-31 |
| 94 | PINNACLE ASSOCIATES LTD | 3,805 | $381.5K | 0.04% | 2025-12-31 |
| 95 | Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors | 3,716 | $372.6K | 0.04% | 2025-12-31 |
| 96 | Wealthspire Advisors, LLC | 3,712 | $372.2K | 0.04% | 2025-12-31 |
| 97 | Financial Engines Advisors L.L.C. | 3,674 | $366.6K | 0.04% | 2025-09-30 |
| 98 | SUMMITRY LLC | 3,527 | $353.6K | 0.04% | 2025-12-31 |
| 99 | Integrity Investment Advisors, LLC | 3,509 | $351.8K | 0.04% | 2025-12-31 |
| 100 | Nautilus Advisors LLC | 3,449 | $345.8K | 0.04% | 2025-12-31 |
| 101 | FMR LLC | 3,443 | $345.2K | 0.04% | 2025-12-31 |
| 102 | WEATHERLY ASSET MANAGEMENT L. P. | 3,432 | $344.1K | 0.04% | 2025-12-31 |
| 103 | Kaizen Financial Strategies | 3,357 | $336.5K | 0.04% | 2025-12-31 |
| 104 | Tolleson Wealth Management, Inc. | 3,300 | $330.9K | 0.04% | 2025-12-31 |
| 105 | NewEdge Advisors, LLC | 3,363 | $328.3K | 0.04% | 2025-06-30 |
| 106 | Hurlow Wealth Management Group, Inc. | 3,110 | $311.8K | 0.04% | 2025-12-31 |
| 107 | Climber Capital SA | 3,110 | $311.4K | 0.04% | 2025-12-31 |
| 108 | Private Advisor Group, LLC | 3,041 | $304.9K | 0.03% | 2025-12-31 |
| 109 | INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | 3,000 | $300.8K | 0.03% | 2025-12-31 |
| 110 | Blume Capital Management, Inc. | 3,000 | $300.8K | 0.03% | 2025-12-31 |
| 111 | Sequoia Financial Advisors, LLC | 2,935 | $294.3K | 0.03% | 2025-12-31 |
| 112 | XY Planning Network, Inc. | 2,923 | $293.1K | 0.03% | 2025-12-31 |
| 113 | TWIN PEAKS WEALTH ADVISORS, LLC | 2,856 | $288.7K | 0.03% | 2025-12-31 |
| 114 | Martin Worley Group | 2,935 | $286.5K | 0.03% | 2025-06-30 |
| 115 | MERCER GLOBAL ADVISORS INC /ADV | 2,847 | $285.4K | 0.03% | 2025-12-31 |
| 116 | Tortoise Investment Management, LLC | 2,640 | $264.7K | 0.03% | 2025-12-31 |
| 117 | Core Wealth Partners LLC | 2,639 | $264.6K | 0.03% | 2025-12-31 |
| 118 | Capital Investment Advisors, LLC | 2,557 | $256.4K | 0.03% | 2025-12-31 |
| 119 | ASPIRIANT, LLC | 2,530 | $253.7K | 0.03% | 2025-12-31 |
| 120 | MONETA GROUP INVESTMENT ADVISORS LLC | 2,463 | $246.9K | 0.03% | 2025-12-31 |
| 121 | OPTIMA CAPITAL LLC | 2,451 | $245.7K | 0.03% | 2025-12-31 |
| 122 | FOUNDERS FINANCIAL SECURITIES LLC | 2,432 | $243.8K | 0.03% | 2025-12-31 |
| 123 | SageView Advisory Group, LLC | 2,430 | $243.7K | 0.03% | 2025-12-31 |
| 124 | MFA Wealth Services | 2,412 | $241.8K | 0.03% | 2025-12-31 |
| 125 | HBW ADVISORY SERVICES LLC | 2,293 | $228.8K | 0.02% | 2025-09-30 |
| 126 | HighTower Advisors, LLC | 2,252 | $225.8K | 0.02% | 2025-12-31 |
| 127 | Weaver Consulting Group | 2,255 | $225.0K | 0.02% | 2025-09-30 |
| 128 | Pachira Investments Inc. | 2,231 | $223.7K | 0.02% | 2025-12-31 |
| 129 | Blue Trust, Inc. | 2,214 | $220.9K | 0.02% | 2025-09-30 |
| 130 | Compass Advisory Group LLC | 2,243 | $220.7K | 0.02% | 2025-03-31 |
| 131 | Paragon Capital Management Ltd | 2,103 | $210.9K | 0.02% | 2025-12-31 |
| 132 | WealthSpring Partners, LLC | 2,054 | $205.9K | 0.02% | 2025-12-31 |
| 133 | Roberts Wealth Advisors, LLC | 2,053 | $205.8K | 0.02% | 2025-12-31 |
| 134 | Equita Financial Network, Inc. | 2,025 | $203.0K | 0.02% | 2025-12-31 |
| 135 | VIRTUE ASSET MANAGEMENT LLC | 2,000 | $200.5K | 0.02% | 2025-12-31 |
| 136 | MORGAN STANLEY | 1,851 | $185.6K | 0.02% | 2025-12-31 |
| 137 | First Pacific Financial | 1,547 | $151.0K | 0.02% | 2025-06-30 |
| 138 | JPMORGAN CHASE & CO | 1,254 | $125.7K | 0.01% | 2025-12-31 |
| 139 | Ares Financial Consulting, LLC | 1,250 | $125.3K | 0.01% | 2025-12-31 |
| 140 | JDM Financial Group LLC | 1,216 | $121.0K | 0.01% | 2024-12-31 |
| 141 | ALBION FINANCIAL GROUP /UT | 1,185 | $118.8K | 0.01% | 2025-12-31 |
| 142 | Rialto Wealth Management, LLC | 1,000 | $100.3K | 0.01% | 2025-12-31 |
| 143 | Larson Financial Group LLC | 1,000 | $100.3K | 0.01% | 2025-12-31 |
| 144 | Parallel Advisors, LLC | 1,000 | $100.3K | 0.01% | 2025-12-31 |
| 145 | Breakwater Investment Management | 917 | $91.9K | 0.01% | 2025-12-31 |
| 146 | Knuff & Co LLC | 800 | $80.2K | 0.01% | 2025-12-31 |
| 147 | Cherry Tree Wealth Management, LLC | 795 | $79.7K | 0.01% | 2025-12-31 |
| 148 | WFA of San Diego, LLC | 785 | $78.7K | 0.01% | 2025-12-31 |
| 149 | Golden State Wealth Management, LLC | 705 | $70.7K | 0.00% | 2025-12-31 |
| 150 | Advisory Services Network, LLC | 410 | $40.9K | 0.00% | 2025-09-30 |
| 151 | Spire Wealth Management | 350 | $35.1K | 0.00% | 2025-12-31 |
| 152 | Signature Resources Capital Management, LLC | 332 | $33.3K | 0.00% | 2025-12-31 |
| 153 | EverSource Wealth Advisors, LLC | 257 | $25.8K | 0.00% | 2025-12-31 |
| 154 | Tidemark, LLC | 201 | $20.2K | 0.00% | 2025-12-31 |
| 155 | PITTENGER & ANDERSON INC | 200 | $20.1K | 0.00% | 2025-12-31 |
| 156 | Graney & King, LLC | 200 | $20.0K | 0.00% | 2025-12-31 |
| 157 | CVA Family Office, LLC | 184 | $18.4K | 0.00% | 2025-12-31 |
| 158 | Creative Capital Management Investments LLC | 159 | $15.9K | 0.00% | 2025-12-31 |
| 159 | Addison Advisors LLC | 140 | $14.0K | 0.00% | 2025-12-31 |
| 160 | Farther Finance Advisors, LLC | 100 | $10.0K | 0.00% | 2025-12-31 |
| 161 | PRINCIPAL SECURITIES, INC. | 79 | $7.9K | 0.00% | 2025-09-30 |
| 162 | WEDBUSH SECURITIES INC | 18,796 | $1.9K | 0.24% | 2025-12-31 |
| 163 | FLOW TRADERS U.S. LLC | 14,844 | $1.5K | 0.19% | 2025-09-30 |
| 164 | CENTAURUS FINANCIAL, INC. | 3,120 | $313 | 0.04% | 2025-12-31 |
| 165 | Elequin Capital, LP | 3 | $301 | 0.00% | 2025-12-31 |
| 166 | HRT FINANCIAL LP | 2,955 | $294 | 0.03% | 2025-09-30 |
| 167 | Betterment LLC | 2,419 | $243 | 0.03% | 2025-12-31 |
| 168 | WELLS FARGO & COMPANY/MN | 1 | $54 | 0.00% | 2025-12-31 |
| 169 | CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | $0 | 0.00% | 2025-06-30 |