CUSIP 922907738
VANGUARD MUN BD FDS
164 institutions · $599.5M total · 6,045,237 shares
| # | Manager | Shares | Value | % of Total | Period |
|---|---|---|---|---|---|
| 1 | Unison Advisors LLC | 2,195,778 | $221.4M | 36.32% | 2025-12-31 |
| 2 | TIAA TRUST, NATIONAL ASSOCIATION | 403,849 | $40.7M | 6.68% | 2025-12-31 |
| 3 | ENVESTNET ASSET MANAGEMENT INC | 308,659 | $31.1M | 5.10% | 2025-12-31 |
| 4 | Joel Isaacson & Co., LLC | 236,654 | $23.9M | 3.91% | 2025-12-31 |
| 5 | HighTower Advisors, LLC | 224,657 | $22.7M | 3.71% | 2025-12-31 |
| 6 | COMMONWEALTH EQUITY SERVICES, LLC | 205,871 | $20.8M | 3.40% | 2025-12-31 |
| 7 | Cetera Investment Advisers | 187,165 | $18.9M | 3.09% | 2025-12-31 |
| 8 | SEEDS INVESTOR LLC | 162,266 | $16.4M | 2.68% | 2025-12-31 |
| 9 | Avantax Planning Partners, Inc. | 159,973 | $16.1M | 2.64% | 2025-12-31 |
| 10 | Equitable Holdings, Inc. | 131,334 | $13.2M | 2.17% | 2025-12-31 |
| 11 | Aspire Private Capital, LLC | 103,450 | $10.4M | 1.71% | 2025-12-31 |
| 12 | Heartwood Wealth Advisors LLC | 91,133 | $9.2M | 1.50% | 2025-12-31 |
| 13 | BANK OF AMERICA CORP /DE/ | 83,475 | $8.4M | 1.38% | 2025-12-31 |
| 14 | Ashton Thomas Private Wealth, LLC | 64,754 | $6.5M | 1.07% | 2025-12-31 |
| 15 | Merit Financial Group, LLC | 59,277 | $6.0M | 0.98% | 2025-12-31 |
| 16 | Atria Investments, Inc | 54,042 | $5.4M | 0.89% | 2025-12-31 |
| 17 | Apella Capital, LLC | 52,050 | $5.2M | 0.86% | 2025-12-31 |
| 18 | Seed Wealth Management, Inc. | 49,885 | $5.0M | 0.82% | 2025-12-31 |
| 19 | LPL Financial LLC | 43,910 | $4.4M | 0.72% | 2025-12-31 |
| 20 | S.A. Mason LLC | 43,061 | $4.3M | 0.71% | 2025-12-31 |
| 21 | JONES FINANCIAL COMPANIES LLLP | 38,908 | $3.9M | 0.64% | 2025-12-31 |
| 22 | FIRST FINANCIAL BANK - TRUST DIVISION | 37,288 | $3.8M | 0.61% | 2025-12-31 |
| 23 | C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | 37,241 | $3.8M | 0.61% | 2025-12-31 |
| 24 | &PARTNERS | 36,405 | $3.7M | 0.60% | 2025-12-31 |
| 25 | TRUIST FINANCIAL CORP | 33,695 | $3.4M | 0.55% | 2025-12-31 |
| 26 | JANE STREET GROUP, LLC | 33,593 | $3.4M | 0.55% | 2025-12-31 |
| 27 | CITADEL ADVISORS LLC | 32,030 | $3.2M | 0.52% | 2025-12-31 |
| 28 | CAPTRUST FINANCIAL ADVISORS | 22,826 | $2.3M | 0.37% | 2025-12-31 |
| 29 | Integrity Wealth Solutions LLC | 22,560 | $2.3M | 0.37% | 2025-12-31 |
| 30 | OLD MISSION CAPITAL LLC | 22,764 | $2.2M | 0.37% | 2025-06-30 |
| 31 | OPPENHEIMER & CO INC | 21,747 | $2.2M | 0.35% | 2025-12-31 |
| 32 | TCI Wealth Advisors, Inc. | 20,912 | $2.1M | 0.34% | 2025-12-31 |
| 33 | PFG Private Wealth Management, LLC | 19,244 | $1.9M | 0.31% | 2025-09-30 |
| 34 | Timonier Family Office, LTD. | 18,441 | $1.9M | 0.30% | 2025-12-31 |
| 35 | Mariner, LLC | 17,741 | $1.8M | 0.29% | 2025-12-31 |
| 36 | Cerity Partners LLC | 17,666 | $1.8M | 0.29% | 2025-12-31 |
| 37 | Paragon Capital Management Ltd | 17,562 | $1.8M | 0.29% | 2025-12-31 |
| 38 | Oak Wealth Advisors LLC | 17,393 | $1.8M | 0.28% | 2025-12-31 |
| 39 | OAK HILL WEALTH ADVISORS, LLC | 16,781 | $1.7M | 0.27% | 2025-09-30 |
| 40 | First Heartland Consultants, Inc. | 16,498 | $1.7M | 0.27% | 2025-12-31 |
| 41 | MITCHELL MCLEOD PUGH & WILLIAMS INC | 15,175 | $1.5M | 0.25% | 2025-12-31 |
| 42 | Freedom Investment Management, Inc. | 14,479 | $1.5M | 0.23% | 2025-12-31 |
| 43 | Elequin Capital, LP | 14,062 | $1.4M | 0.23% | 2025-12-31 |
| 44 | SigFig Wealth Management, LLC | 14,007 | $1.4M | 0.23% | 2025-12-31 |
| 45 | Frankly Finances, LLC | 13,979 | $1.4M | 0.23% | 2025-12-31 |
| 46 | Valeo Financial Advisors, LLC | 13,536 | $1.4M | 0.22% | 2025-12-31 |
| 47 | Hilltop Holdings Inc. | 13,175 | $1.3M | 0.21% | 2025-12-31 |
| 48 | GENESIS PRIVATE WEALTH, LLC | 12,653 | $1.3M | 0.20% | 2025-12-31 |
| 49 | FINANCIAL MANAGEMENT NETWORK INC | 12,533 | $1.3M | 0.20% | 2025-12-31 |
| 50 | Envestnet Portfolio Solutions, Inc. | 11,733 | $1.2M | 0.19% | 2025-12-31 |
| 51 | Clearstead Advisors, LLC | 11,584 | $1.2M | 0.19% | 2025-12-31 |
| 52 | HARBOUR INVESTMENTS, INC. | 11,161 | $1.1M | 0.18% | 2025-12-31 |
| 53 | FLAGSHIP HARBOR ADVISORS, LLC | 10,995 | $1.1M | 0.18% | 2025-12-31 |
| 54 | Bryn Mawr Trust Advisors, LLC | 10,677 | $1.1M | 0.17% | 2025-12-31 |
| 55 | STEPHEN J. GARRY & ASSOCIATES, LLC | 10,446 | $1.1M | 0.17% | 2025-12-31 |
| 56 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 10,334 | $1.0M | 0.17% | 2025-12-31 |
| 57 | Retirement Planning Group, LLC | 10,219 | $1.0M | 0.16% | 2025-12-31 |
| 58 | Sheridan Capital Management, LLC | 10,025 | $1.0M | 0.16% | 2025-12-31 |
| 59 | Sprinkle Financial Consultants LLC | 10,000 | $1.0M | 0.16% | 2025-12-31 |
| 60 | HBK Sorce Advisory LLC | 9,783 | $996.5K | 0.16% | 2025-12-31 |
| 61 | IAM Advisory, LLC | 9,586 | $966.6K | 0.15% | 2025-12-31 |
| 62 | VISTA CAPITAL PARTNERS, INC. | 9,568 | $964.7K | 0.15% | 2025-12-31 |
| 63 | Fort Point Capital Partners LLC | 9,332 | $947.8K | 0.15% | 2025-12-31 |
| 64 | WHITTIER TRUST CO OF NEVADA INC | 9,341 | $936.0K | 0.15% | 2025-09-30 |
| 65 | SIGNAL TREE FINANCIAL PARTNERS LLC | 9,189 | $926.5K | 0.15% | 2025-12-31 |
| 66 | Farther Finance Advisors, LLC | 9,012 | $908.7K | 0.14% | 2025-12-31 |
| 67 | OSAIC HOLDINGS, INC. | 8,773 | $884.6K | 0.14% | 2025-12-31 |
| 68 | JFS WEALTH ADVISORS, LLC | 8,755 | $882.8K | 0.14% | 2025-12-31 |
| 69 | NewEdge Advisors, LLC | 8,269 | $833.8K | 0.13% | 2025-12-31 |
| 70 | Elser Financial Planning, Inc | 7,008 | $706.7K | 0.11% | 2025-12-31 |
| 71 | Rossmore Private Capital | 6,998 | $705.6K | 0.11% | 2025-12-31 |
| 72 | Cadence Bank | 6,922 | $697.9K | 0.11% | 2025-12-31 |
| 73 | Maia Wealth LLC | 6,525 | $657.7K | 0.10% | 2025-09-30 |
| 74 | Tribridge Partners Financial LLC | 6,346 | $639.9K | 0.10% | 2025-12-31 |
| 75 | 25 LLC | 6,310 | $636.3K | 0.10% | 2025-12-31 |
| 76 | Kestra Advisory Services, LLC | 6,165 | $621.6K | 0.10% | 2025-12-31 |
| 77 | RAYMOND JAMES FINANCIAL INC | 5,972 | $602.2K | 0.09% | 2025-12-31 |
| 78 | Waverly Advisors, LLC | 5,906 | $595.5K | 0.09% | 2025-12-31 |
| 79 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 5,800 | $586.6K | 0.09% | 2025-12-31 |
| 80 | Mill Creek Capital Advisors, LLC | 5,734 | $565.1K | 0.09% | 2025-06-30 |
| 81 | Crews Bank & Trust | 5,515 | $556.1K | 0.09% | 2025-12-31 |
| 82 | OneDigital Investment Advisors LLC | 5,234 | $527.7K | 0.08% | 2025-12-31 |
| 83 | BENJAMIN EDWARDS INC | 5,208 | $525.9K | 0.08% | 2025-12-31 |
| 84 | KEYVANTAGE WEALTH, LLC | 4,992 | $503.3K | 0.08% | 2025-12-31 |
| 85 | Magnolia Private Wealth, LLC | 5,050 | $499.0K | 0.08% | 2025-03-31 |
| 86 | BROWN ADVISORY INC | 5,000 | $492.8K | 0.08% | 2025-06-30 |
| 87 | CoreCap Advisors, LLC | 4,855 | $489.5K | 0.08% | 2025-12-31 |
| 88 | EverSource Wealth Advisors, LLC | 4,816 | $485.6K | 0.07% | 2025-12-31 |
| 89 | Luminvest Wealth Management LLC | 4,782 | $482.1K | 0.07% | 2025-12-31 |
| 90 | Alesco Advisors LLC | 4,425 | $446.2K | 0.07% | 2025-12-31 |
| 91 | SCS Capital Management LLC | 4,390 | $442.6K | 0.07% | 2025-12-31 |
| 92 | Gordian Advisors LLC | 4,313 | $434.9K | 0.07% | 2025-12-31 |
| 93 | Royal Bank of Canada | 4,216 | $425.0K | 0.06% | 2025-12-31 |
| 94 | IFG Advisory, LLC | 4,200 | $423.5K | 0.06% | 2025-12-31 |
| 95 | Integrated Advisors Network LLC | 4,109 | $412.3K | 0.06% | 2025-09-30 |
| 96 | Essex Financial Services, Inc. | 4,011 | $404.4K | 0.06% | 2025-12-31 |
| 97 | FLPUTNAM INVESTMENT MANAGEMENT CO | 3,968 | $391.1K | 0.06% | 2025-06-30 |
| 98 | KESTRA PRIVATE WEALTH SERVICES, LLC | 3,867 | $389.9K | 0.06% | 2025-12-31 |
| 99 | Sequent Planning LLC | 3,781 | $381.2K | 0.06% | 2025-12-31 |
| 100 | Beacon Pointe Advisors, LLC | 3,751 | $378.2K | 0.06% | 2025-12-31 |
| 101 | Symmetry Partners, LLC | 3,432 | $346.0K | 0.05% | 2025-12-31 |
| 102 | New Republic Capital, LLC | 3,460 | $341.0K | 0.05% | 2025-06-30 |
| 103 | GOLDMAN SACHS GROUP INC | 3,356 | $338.4K | 0.05% | 2025-12-31 |
| 104 | Independent Advisor Alliance | 3,241 | $326.8K | 0.05% | 2025-12-31 |
| 105 | 55 North Private Wealth, LLC | 3,238 | $326.5K | 0.05% | 2025-12-31 |
| 106 | Belvedere Trading LLC | 3,200 | $315.4K | 0.05% | 2025-06-30 |
| 107 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3,151 | $310.6K | 0.05% | 2025-06-30 |
| 108 | Sage Mountain Advisors LLC | 2,984 | $300.9K | 0.04% | 2025-12-31 |
| 109 | AQR CAPITAL MANAGEMENT LLC | 2,961 | $298.6K | 0.04% | 2025-12-31 |
| 110 | Corient Private Wealth LLC | 2,911 | $293.5K | 0.04% | 2025-12-31 |
| 111 | Focus Partners Wealth | 2,842 | $286.5K | 0.04% | 2025-12-31 |
| 112 | Chicago Partners Investment Group LLC | 2,781 | $282.2K | 0.04% | 2025-12-31 |
| 113 | Donalies Financial Planning, LLC | 2,708 | $273.1K | 0.04% | 2025-12-31 |
| 114 | WINEBRENNER CAPITAL MANAGEMENT LLC | 2,700 | $272.2K | 0.04% | 2025-12-31 |
| 115 | D.A. DAVIDSON & CO. | 2,700 | $272.2K | 0.04% | 2025-12-31 |
| 116 | Smart Money Group LLC | 2,726 | $269.4K | 0.04% | 2025-03-31 |
| 117 | CreativeOne Wealth, LLC | 2,649 | $267.1K | 0.04% | 2025-12-31 |
| 118 | Sanctuary Advisors, LLC | 2,580 | $260.1K | 0.04% | 2025-12-31 |
| 119 | Hemenway Trust Co LLC | 2,483 | $250.4K | 0.04% | 2025-12-31 |
| 120 | Asset Allocation Strategies LLC | 2,477 | $249.8K | 0.04% | 2025-12-31 |
| 121 | Lakewood Asset Management LLC | 2,335 | $235.5K | 0.03% | 2025-12-31 |
| 122 | Orion Porfolio Solutions, LLC | 2,345 | $233.1K | 0.03% | 2025-06-30 |
| 123 | COMERICA BANK | 2,245 | $226.4K | 0.03% | 2025-12-31 |
| 124 | Westfuller Advisors, LLC | 2,226 | $224.5K | 0.03% | 2025-12-31 |
| 125 | SeaCrest Wealth Management, LLC | 2,164 | $219.2K | 0.03% | 2025-12-31 |
| 126 | SJS Investment Consulting Inc. | 2,120 | $213.8K | 0.03% | 2025-12-31 |
| 127 | J.W. COLE ADVISORS, INC. | 2,094 | $211.1K | 0.03% | 2025-12-31 |
| 128 | Net Worth Advisory Group | 2,069 | $208.6K | 0.03% | 2025-12-31 |
| 129 | Narus Financial Partners, LLC | 2,000 | $201.7K | 0.03% | 2025-12-31 |
| 130 | Dempze Nancy E | 1,994 | $201.1K | 0.03% | 2025-12-31 |
| 131 | Financial Architects, LLC | 2,000 | $200.7K | 0.03% | 2025-09-30 |
| 132 | Beacon Harbor Wealth Advisors, Inc. | 2,000 | $200.7K | 0.03% | 2025-09-30 |
| 133 | Aberdeen Wealth Management LLC | 2,033 | $200.4K | 0.03% | 2025-06-30 |
| 134 | Cresset Asset Management, LLC | 1,985 | $200.1K | 0.03% | 2025-12-31 |
| 135 | CHAPMAN FINANCIAL GROUP, LLC | 1,625 | $163.8K | 0.02% | 2025-12-31 |
| 136 | BANK OF MONTREAL /CAN/ | 1,500 | $151.2K | 0.02% | 2025-12-31 |
| 137 | Tower Research Capital LLC (TRC) | 1,450 | $146.2K | 0.02% | 2025-12-31 |
| 138 | Moser Wealth Advisors, LLC | 1,150 | $113.3K | 0.01% | 2025-06-30 |
| 139 | Red Tortoise LLC | 1,109 | $111.8K | 0.01% | 2025-12-31 |
| 140 | IFP Advisors, Inc | 1,000 | $100.8K | 0.01% | 2025-12-31 |
| 141 | DiNuzzo Private Wealth, Inc. | 828 | $83.5K | 0.01% | 2025-12-31 |
| 142 | WealthShield Partners, LLC | 663 | $66.8K | 0.01% | 2025-12-31 |
| 143 | AMERICAN NATIONAL BANK & TRUST | 662 | $66.7K | 0.01% | 2025-12-31 |
| 144 | North Star Investment Management Corp. | 581 | $58.6K | 0.00% | 2025-12-31 |
| 145 | HUNTINGTON NATIONAL BANK | 565 | $57.0K | 0.00% | 2025-12-31 |
| 146 | Graney & King, LLC | 505 | $51.0K | 0.00% | 2025-12-31 |
| 147 | JPMORGAN CHASE & CO | 419 | $41.4K | 0.00% | 2025-03-31 |
| 148 | PNC Financial Services Group, Inc. | 407 | $41.0K | 0.00% | 2025-12-31 |
| 149 | Trust Co | 402 | $40.5K | 0.00% | 2025-12-31 |
| 150 | PRIVATE TRUST CO NA | 401 | $40.4K | 0.00% | 2025-12-31 |
| 151 | Silver Oak Advisory Group, Inc. | 59,479 | $6.0K | 0.98% | 2025-12-31 |
| 152 | FMR LLC | 32 | $3.3K | 0.00% | 2025-12-31 |
| 153 | Spire Wealth Management | 30 | $3.0K | 0.00% | 2025-12-31 |
| 154 | MORGAN STANLEY | 18 | $1.8K | 0.00% | 2025-12-31 |
| 155 | A. D. Beadell Investment Counsel, Inc. | 13,475 | $1.4K | 0.22% | 2025-12-31 |
| 156 | FLOW TRADERS U.S. LLC | 10,809 | $1.1K | 0.17% | 2025-12-31 |
| 157 | AE Wealth Management LLC | 10 | $1.0K | 0.00% | 2025-03-31 |
| 158 | PEAPACK GLADSTONE FINANCIAL CORP | 4,780 | $482 | 0.07% | 2025-12-31 |
| 159 | Cambridge Investment Research Advisors, Inc. | 3,776 | $381 | 0.06% | 2025-12-31 |
| 160 | HRT FINANCIAL LP | 3,384 | $341 | 0.05% | 2025-12-31 |
| 161 | One Degree Advisors Inc | 2,672 | $269 | 0.04% | 2025-12-31 |
| 162 | CWM, LLC | 227 | $23 | 0.00% | 2025-12-31 |
| 163 | WELLS FARGO & COMPANY/MN | 0 | $19 | 0.00% | 2025-12-31 |
| 164 | CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | $0 | 0.00% | 2025-06-30 |