VCRM · VANGUARD CORE TAX-EXEMPT BOND ETF ETF

$74.00 +0.04 (+0.05%) At close · Sep 4

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 78

Total Value: $605,320,305

Total Shares: 7,923,041

Institutional Ownership Trend

7 quarters

Holder Concentration

Across 78 13F filers · Δ vs Mar 31, 2026

Top Holder

46.1%

+12.3 pts

Top 5

71.5%

+16.0 pts

Top 10

80.7%

+10.9 pts

HHI

2,327

Moderately concentrated+995

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -44

Institutional value: -21.3%

Shares held: -22.6%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Large JONES FINANCIAL COMPANIES LLLP	+255,063	500,175
Small Topsail Wealth Management, LLC	+231,019	615,176
Mid HBK Sorce Advisory LLC	+190,855	3,651,728
Mega JANE STREET GROUP, LLC	+132,200	153,725
Mega JPMORGAN CHASE & CO	+83,431	83,635

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Large HighTower Advisors, LLC	−43,128	65,361
Large Focus Partners Wealth	−19,553	288,155
Small UP STRATEGIC WEALTH INVESTMENT ADVISORS LLC	−16,349	21,459
Small Advyzon Investment Management, LLC	−7,763	37,896
Micro Gutierrez Wealth Advisory, LLC	−5,104	48,718

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small Alaethes Wealth, LLC	160,419	$12,256,011
Small Elequin Capital, LP	64,144	$4,900,601
Micro Timmons Wealth Management, LLC	62,499	$4,774,923
Large NewEdge Advisors, LLC	45,885	$3,505,614
Small Rialto Wealth Management, LLC	41,824	$3,195,353

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Small Aprio Wealth Management, LLC	631,116	$47,428,367
Small Verum Partners LLC	602,359	$45,267,278
Micro Mills Wealth Advisors LLC	399,237	$30,002,660
Small Confluence Wealth Services, Inc.	269,435	$20,248,040
Micro Opus Capital Group, LLC	249,876	$18,778,181

Filter: New 29 Increased 30 Reduced 12 Sold out 73 Unchanged 7

Showing 78 of 78

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

HBK Sorce Advisory LLC

$278,992,019

46.09%

3,651,728

Topsail Wealth Management, LLC

$46,999,446

7.76%

615,176

Karpus Management, Inc.

$46,881,332

7.74%

613,630

JONES FINANCIAL COMPANIES LLLP

$38,213,369

6.31%

500,175

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	499,431	$38,156,528	99.9%	Sole
Edward Jones Trust Company	744	$56,841	0.1%	Sole

Focus Partners Wealth

$22,015,042

3.64%

288,155

Elite Life Management LLC

$14,803,340

2.45%

193,761

Alaethes Wealth, LLC

$12,256,011

2.02%

160,419

JANE STREET GROUP, LLC

$11,744,590

1.94%

153,725

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	153,725	$11,744,590	100.0%	Defined

TFO Wealth Partners, LLC

$8,790,889

1.45%

115,064

LPL Financial LLC

$7,609,058

1.26%

99,595

Integrated Wealth Concepts LLC

$7,445,409

1.23%

97,453

TAGStone Capital, Inc.

$7,309,493

1.21%

95,674

ENVESTNET ASSET MANAGEMENT INC

$7,049,351

1.16%

92,269

JPMORGAN CHASE & CO

$6,389,714

1.06%

83,635

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	83,035	$6,343,874	99.3%	Defined
55I, LLC	600	$45,840	0.7%	Other

HighTower Advisors, LLC

$4,993,580

0.82%

65,361

Elequin Capital, LP

$4,900,601

0.81%

64,144

Timmons Wealth Management, LLC

$4,774,923

0.79%

62,499

Rehmann Capital Advisory Group

$4,586,521

0.76%

60,033

Kelman-Lazarov, Inc.

$4,217,203

0.70%

55,199

Brio Consultants, LLC

$3,749,941

0.62%

49,083

Gutierrez Wealth Advisory, LLC

$3,722,054

0.61%

48,718

Balanced Rock Investment Advisors LLC

$3,706,546

0.61%

48,515

NewEdge Advisors, LLC

$3,505,614

0.58%

45,885

Rialto Wealth Management, LLC

$3,195,353

0.53%

41,824

TD Capital Management LLC

$2,895,560

0.48%

37,900

Advyzon Investment Management, LLC

$2,895,254

0.48%

37,896

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Gutierrez Wealth Advisory, LLC	37,896	$2,895,254	100.0%	Other

BOSTON FAMILY OFFICE LLC

$2,354,036

0.39%

30,812

NWM ADVISORS, LLC

$2,338,986

0.39%

30,615

Hills Bank & Trust Co

$2,086,254

0.34%

27,307

Cerity Partners LLC

$2,054,243

0.34%

26,888

Thrivent Financial for Lutherans

$2,007,410

0.33%

26,275

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Thrivent Advisor Network, LLC	26,275	$2,007,410	100.0%	Sole

Diversified Portfolios, Inc.

$1,860,874

0.31%

24,357

Greenwich Wealth Management LLC

$1,827,946

0.30%

23,926

Aptus Capital Advisors, LLC

$1,788,371

0.30%

23,408

NATIXIS ADVISORS, LLC

$1,735,578

0.29%

22,717

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Natixis Investment Managers, L.P.	22,717	$1,735,578	100.0%	Defined

UP STRATEGIC WEALTH INVESTMENT ADVISORS LLC

$1,639,467

0.27%

21,459

Landmark Wealth Management, LLC

$1,586,751

0.26%

20,769

Lakewood Asset Management LLC

$1,544,426

0.26%

20,215

CITADEL ADVISORS LLC

$1,497,745

0.25%

19,604

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	19,604	$1,497,745	100.0%	Defined

Main Street Financial Solutions, LLC

$1,244,403

0.21%

16,288

Souders Financial Advisors

$1,177,935

0.19%

15,418

Dakota Wealth Management

$1,123,080

0.19%

14,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Karpus Management Inc.	14,700	$1,123,080	100.0%	Defined

OSAIC HOLDINGS, INC.

$989,227

0.16%

12,948

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Osaic Advisory Services, LLC	12,948	$989,227	100.0%	Defined

EVOLVE PRIVATE WEALTH, LLC

$985,483

0.16%

12,899

Retirement Planning Group, LLC

$943,922

0.16%

12,355

Stratos Wealth Partners, LTD.

$884,635

0.15%

11,579

&PARTNERS

$742,378

0.12%

9,717

Waverly Advisors, LLC

$704,637

0.12%

9,223

Private Wealth Asset Management, LLC

$655,206

0.11%

8,576

Inspire Advisors, LLC

$649,858

0.11%

8,506

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Inspire Investing, LLC	8,506	$649,858	100.0%	Defined

ACTION POINT FINANCIAL PLANNING, LLC

$633,736

0.10%

8,295

D.B. Root & Company, LLC

$540,988

0.09%

7,081

Essex Financial Services, Inc.

$481,702

0.08%

6,305

Tandem Financial, LLC

$480,174

0.08%

6,285

Snowden Capital Advisors LLC

$455,573

0.08%

5,963

Summit Financial, LLC

$446,940

0.07%

5,850

MML INVESTORS SERVICES, LLC

$440,140

0.07%

5,761

GOLDMAN SACHS GROUP INC

$435,862

0.07%

5,705

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	5,705	$435,862	100.0%	Defined

Bryn Mawr Trust Advisors, LLC

$432,653

0.07%

5,663

FreeGulliver LLC

$359,080

0.06%

4,700

Betterment LLC

$331,423

0.05%

4,338

HARBOUR INVESTMENTS, INC.

$309,802

0.05%

4,055

Commonwealth Retirement Investments LLC

$305,600

0.05%

4,000

WRAPMANAGER INC

$295,056

0.05%

3,862

Diversify Advisory Services, LLC

$266,559

0.04%

3,489

XTX Topco Ltd

$251,508

0.04%

3,292

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	3,292	$251,508	100.0%	Defined

Vise Technologies, Inc.

$217,128

0.04%

2,842

Gould Capital, LLC

$126,060

0.02%

1,650

Tower Research Capital LLC (TRC)

$99,702

0.02%

1,305

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TOWER PRINCIPAL MARKETS LLC	1,305	$99,702	100.0%	Defined

MORGAN STANLEY

$76,247

0.01%

998

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	998	$76,247	100.0%	Defined

NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO

$67,690

0.01%

886

Burk Holdings LLC

$50,271

0.01%

658

ROYAL BANK OF CANADA

$40,186

0.01%

526

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	526	$40,186	100.0%	Defined

WELLS FARGO & COMPANY/MN

$39,804

0.01%

521

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	520	$39,728	99.8%	Defined
WELLS FARGO CLEARING SERVICES, LLC	1	$76	0.2%	Defined

Tradewinds, LLC.

$38,200

0.01%

500

Breakwater Investment Management

$20,704

0.00%

271

VANGUARD ADVISERS INC

$7,105

0.00%

FRANKLIN RESOURCES INC

$5,348

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fiduciary Trust Co International of Pennsylvania	70	$5,348	100.0%	Defined