VCEB · VANGUARD ESG U.S. CORPORATE BOND ETF · Holdings ETF
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.
Institutional Ownership Trend
Holder Concentration
Across 38 13F filers · Δ vs Jun 30, 2026Who Holds VCEB
Last 8 quarters through Sep 30, 2026 (filing window open)Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Jun 30, 2026, the newest closed quarter: 142 filers, like-for-like change +7.8%; actively managed books +7.8%; index-like books +160.4%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 52.7% | 92 | +6.9% |
| Adviser | 0.0% | 1 | new |
| Bank | 29.7% | 11 | +5.2% |
| Broker-dealer | 0.9% | 1 | -0.2% |
| Holding company | 0.2% | 3 | +22.1% |
| Unknown | 16.5% | 34 | +16.7% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Index-like | 0.0% | 1 | +160.4% |
| Systematic-like | 0.7% | 1 | +132.0% |
| Concentrated | 39.8% | 68 | +6.3% |
| Diversified active | 59.4% | 72 | +8.1% |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 54.7% | 108 | +3.4% |
| Medium turnover | 18.4% | 14 | +1.8% |
| High turnover | 3.1% | 4 | +410.7% |
| Unknown | 23.8% | 16 | +12.4% |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 24.1% | 16 | +12.1% |
| Medium horizon | 5.9% | 25 | +19.3% |
| Long horizon | 68.7% | 97 | +6.1% |
| Unknown | 1.3% | 4 | -15.7% |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 12.7% | 64 | +11.3% |
| $1B to $10B | 7.4% | 30 | -1.0% |
| $10B to $100B | 49.7% | 29 | +4.3% |
| $100B or more | 30.2% | 19 | +15.2% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Individuals and high net worth | 47.2% | 79 | +7.1% |
| Pooled investment vehicles | 0.7% | 1 | +132.0% |
| Registered funds and BDCs | 0.1% | 2 | +85.1% |
| Pension and profit sharing plans | 2.6% | 3 | +2.0% |
| Insurance companies | 0.1% | 1 | +9.8% |
| Charitable organizations | 0.6% | 3 | +1.4% |
| Other | 0.3% | 1 | +40.6% |
| Diversified | 1.2% | 1 | -22.7% |
| Corporations | 0.0% | 0 | — |
| Unknown | 47.3% | 51 | +8.9% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 0.8% | 2 | +117.7% |
| Private equity funds | 3.6% | 5 | +7.9% |
| Real estate funds | 0.1% | 1 | +10.2% |
| Other private funds | 1.5% | 4 | +7.0% |
| No private funds | 46.8% | 79 | +5.9% |
| Unknown | 47.3% | 51 | +8.9% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 82.4% | 134 | +9.4% |
| Outside the US | 17.6% | 8 | +1.1% |
The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Excluded 4 holders with no observed 2026-03-31 13F and 3 holders with no observed 2026-06-30 13F.
Conviction and Crowding
142 13F filers, quarter ended Jun 30, 2026Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.
Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
Top Buyers
vs Jun 30, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Small New England Private Wealth Advisors LLC | +8,090 | 29,152 | |
| Small Hanson & Doremus Investment Management | +6,273 | 229,786 | |
| Small Human Investing LLC | +6,273 | 72,782 | |
| Small Level Financial Advisors | +5,387 | 26,848 | |
| Large MATHER GROUP, LLC. | +2,840 | 45,582 |
Top Sellers
vs Jun 30, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Small Pearl Planning LLC | −2,665 | 52,750 | |
| Small VERUS WEALTH MANAGEMENT, LLC | −2,650 | 6,350 | |
| Small BetterWealth, LLC | −1,438 | 24,754 | |
| Micro WealthSpring Partners, LLC | −896 | 11,144 | |
| Small Farrell Financial LLC | −621 | 14,923 |
Top New Positions
vs Jun 30, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Mid McKinley Carter Wealth Services, Inc. | 11,800 | $703,044 | |
| Small Bestgate Wealth Advisors, LLC | 6,515 | $388,163 | |
| Mid Wedmont Private Capital | 5,546 | $330,430 | |
| Mid Diversify Advisory Services, LLC | 5,013 | $298,674 | |
| Mid DIVERSIFY WEALTH MANAGEMENT, LLC | 5,013 | $298,674 |
Top Sold-Out Positions
vs Jun 30, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Micro Kroeger Financial Partners | 462 | $28,995 | |
| Small GILL CAPITAL PARTNERS, LLC | 280 | $17,572 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Small Hanson & Doremus Investment Management Registered adviser VCEB | $13,690,649 | 29.58% | 229,786 | Shares | 2026-10-16 | |
| Small Human Investing LLC Registered adviser VCEB | $4,336,351 | 9.37% | 72,782 | Shares | 2026-10-19 | |
| Small Pearl Planning LLC VCEB | $3,142,845 | 6.79% | 52,750 | Shares | 2026-10-13 | |
| Large MATHER GROUP, LLC. Registered adviser VCEB | $2,715,775 | 5.87% | 45,582 | Shares | 2026-10-14 | |
| Small Klaas Financial Asset Advisors, LLC Registered adviser VCEB | $2,415,015 | 5.22% | 40,534 | Shares | 2026-10-19 | |
| Small Stewardship Advisors, LLC Registered adviser VCEB | $2,189,326 | 4.73% | 36,746 | Shares | 2026-10-20 | |
| Small New England Private Wealth Advisors LLC Registered adviser VCEB | $1,736,876 | 3.75% | 29,152 | Shares | 2026-10-19 | |
| Small Level Financial Advisors Registered adviser VCEB | $1,599,603 | 3.46% | 26,848 | Shares | 2026-10-13 | |
| Small Scott Capital Advisors, LLC Registered adviser VCEB | $1,539,845 | 3.33% | 25,845 | Shares | 2026-10-13 | |
| Small BetterWealth, LLC Registered adviser VCEB | $1,474,843 | 3.19% | 24,754 | Shares | 2026-10-15 | |
| Small Equita Financial Network, Inc. Registered adviser VCEB | $1,394,648 | 3.01% | 23,408 | Shares | 2026-10-19 | |
| Mid Apella Capital, LLC VCEB | $977,171 | 2.11% | 16,401 | Shares | 2026-10-08 | |
| Small Farrell Financial LLC VCEB | $889,112 | 1.92% | 14,923 | Shares | 2026-10-16 | |
| Large Vontobel Holding Ltd. VCEB | $839,839 | 1.81% | 14,096 | Shares | 2026-10-16 | |
| Mid McKinley Carter Wealth Services, Inc. Registered adviser VCEB | $703,044 | 1.52% | 11,800 | Shares | 2026-10-16 | |
| Micro WealthSpring Partners, LLC Registered adviser VCEB | $663,959 | 1.43% | 11,144 | Shares | 2026-10-14 | |
| Small Shotwell Rutter Baer Inc VCEB | $527,402 | 1.14% | 8,852 | Shares | 2026-10-14 | |
| Large Farther Finance Advisors, LLC Registered adviser VCEB | $436,006 | 0.94% | 7,318 | Shares | 2026-10-08 | |
| Small White Lighthouse Investment Management Inc. Registered adviser VCEB | $416,106 | 0.90% | 6,984 | Shares | 2026-10-21 | |
| Small Bestgate Wealth Advisors, LLC Registered adviser VCEB | $388,163 | 0.84% | 6,515 | Shares | 2026-10-13 | |
| Small Ferguson Shapiro LLC VCEB | $384,350 | 0.83% | 6,451 | Shares | 2026-10-16 | |
| Small Essential Planning, LLC. Registered adviser VCEB | $378,630 | 0.82% | 6,355 | Shares | 2026-10-21 | |
| Small VERUS WEALTH MANAGEMENT, LLC Registered adviser VCEB | $378,333 | 0.82% | 6,350 | Shares | 2026-10-13 | |
| Micro ZENITH SOLUTIONS, INC. Registered adviser VCEB | $332,992 | 0.72% | 5,589 | Shares | 2026-10-19 | |
| Mid Wedmont Private Capital VCEB | $330,430 | 0.71% | 5,546 | Shares | 2026-10-09 | |
| Small 25 LLC VCEB | $310,292 | 0.67% | 5,208 | Shares | 2026-10-13 | |
| Mid Diversify Advisory Services, LLC Registered adviser VCEB | $298,674 | 0.65% | 5,013 | Shares | 2026-10-20 | |
| Mid DIVERSIFY WEALTH MANAGEMENT, LLC Registered adviser VCEB | $298,674 | 0.65% | 5,013 | Shares | 2026-10-20 | |
| Small XY Planning Network, Inc. VCEB | $280,264 | 0.61% | 4,704 | Shares | 2026-10-14 | |
| Large WEALTH ENHANCEMENT ADVISORY SERVICES, LLC VCEB | $230,276 | 0.50% | 3,865 | Shares | 2026-10-13 | |
| Mid Chesley Taft & Associates LLC Registered adviser VCEB | $220,446 | 0.48% | 3,700 | Shares | 2026-10-13 | |
| Small FC Advisory LLC Registered adviser VCEB | $202,810 | 0.44% | 3,404 | Shares | 2026-10-05 | |
| Small Prospera Capital Management, LLC VCEB | $195,124 | 0.42% | 3,275 | Shares | 2026-10-13 | |
| Large TD Waterhouse Canada Inc. VCEB | $148,950 | 0.32% | 2,500 | Shares | 2026-10-16 | |
| Small BLUELINE ADVISORS LLC Registered adviser VCEB | $99,677 | 0.22% | 1,673 | Shares | 2026-10-15 | |
| Small Princeton Global Asset Management LLC Registered adviser VCEB | $57,673 | 0.12% | 968 | Shares | 2026-10-21 | |
| Small Triumph Capital Management Registered adviser VCEB | $35,450 | 0.08% | 595 | Shares | 2026-10-14 | |
| Small Physician Wealth Advisors, Inc. Registered adviser VCEB | $26,274 | 0.06% | 441 | Shares | 2026-10-20 |