VANGUARD MALVERN FDS VGMS
MULTI SECTOR · ETP · CUSIP 922020722
43
institutional holders
+13 vs Q1 2026
1.2m
shares reported held*
$62.7mreported value*
16 new
18 added
5 reduced
3 sold out
net bought ≈ $15.8m (+308.2k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $51.25.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2025 | 3 |
| Q3 2025 | 9 |
| Q4 2025 | 24 |
| Q1 2026 | 30 |
| Q2 2026 | 43 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2025 | 9 | 0 |
| Q4 2025 | 20 | 2 |
| Q1 2026 | 21 | 6 |
| Q2 2026 | 34 | 8 |
Biggest buyers
| Net Worth Advisory Group | New | +83.7k |
| Buska Wealth Management, LLC | Added | +40.3k |
| Holos Integrated Wealth LLC | Added | +39.5k |
| DAHRING | CUSMANO LLC | Added | +32.3k |
| ROYAL BANK OF CANADA | Added | +27.0k |
| GSG Advisors LLC | Added | +22.2k |
| Rialto Wealth Management, LLC | Added | +17.3k |
| JANE STREET GROUP, LLC | Added | +14.9k |
| Cambridge Investment Research Advisors, Inc. | New | +14.9k |
| SteelPeak Wealth, LLC | New | +14.0k |
Biggest sellers
| D.B. Root & Company, LLC | Reduced | -44.8k |
| Arete Wealth Advisors, LLC | Sold out | -27.2k |
| CITADEL ADVISORS LLC | Reduced | -15.2k |
| Swisher Financial Concepts, Inc. | Sold out | -4.8k |
| SAGE RHINO CAPITAL LLC | Reduced | -4.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -4.2k |
| Principia Wealth Advisory, LLC | Reduced | -2.4k |
| Independence Asset Advisors, LLC | Reduced | -968 |
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| DAHRING | CUSMANO LLC 6.06% of their portfolio | 223.9k $11.5m | Added +32.3k |
| Holos Integrated Wealth LLC 4.65% of their portfolio | 194.9k $10.0m | Added +39.5k |
| Buska Wealth Management, LLC 1.84% of their portfolio | 99.6k $5.1m | Added +40.3k |
| Rialto Wealth Management, LLC 0.87% of their portfolio | 85.8k $4.4m | Added +17.3k |
| New Capital Management LP 1.00% of their portfolio | 85.6k $4.4m | Added +989 |
| Net Worth Advisory Group 1.08% of their portfolio | 83.7k $4.3m | New |
| GSG Advisors LLC 0.70% of their portfolio | 61.9k $3.2m | Added +22.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 41.9k $2.1m | Added +14.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 36.4k $1.9m | Added +27.0k |
| Modern Wealth Management, LLC 0.02% of their portfolio | 25.4k $1.3m | Added +10.6k |
| D.B. Root & Company, LLC 0.24% of their portfolio | 21.9k $1.1m | Reduced -44.8k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 21.0k $1.1m | Added +5.9k |
| D'Orazio & Associates, Inc. 0.12% of their portfolio | 19.8k $1.0m | Added +4.5k |
| AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP 0.76% of their portfolio | 19.0k $969.7k | Added +35 |
| CRA Financial Services, LLC 0.10% of their portfolio | 17.5k $896.7k | Added +397 |
| SAGE RHINO CAPITAL LLC 0.14% of their portfolio | 16.9k $867.1k | Reduced -4.5k |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 16.7k $854.5k | Added +9.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 15.9k $818.1k | Reduced -15.2k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 14.9k $762.0k | New |
| SteelPeak Wealth, LLC 0.02% of their portfolio | 14.0k $719.1k | New |
| UBS Group AG 0.00% of their portfolio | 13.3k $681.3k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 11.9k $611.3k | Added +2.2k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 10.4k $535.0k | New |
| Ancora Advisors LLC 0.01% of their portfolio | 8.2k $422.2k | Added +5.4k |
| Strategic Family Wealth Counselors, L.L.C. 0.09% of their portfolio | 7.9k $402.8k | New |
| SageOak Financial, LLC 0.26% of their portfolio | 7.8k $398.0k | New |
| PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV 0.09% of their portfolio | 7.2k $371.2k | New |
| Compound Planning, Inc. 0.01% of their portfolio | 5.9k $303.6k | New |
| Ballast Rock Private Wealth LLC 0.14% of their portfolio | 5.8k $300.0k | Added +77 |
| Independence Asset Advisors, LLC 0.08% of their portfolio | 5.7k $289.9k | Reduced -968 |
| New England Private Wealth Advisors LLC 0.03% of their portfolio | 5.2k $263.6k | Added +90 |
| Insight Wealth Strategies, LLC 0.02% of their portfolio | 4.8k $246.6k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 4.0k $203.1k | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 3.0k $154.9k | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 2.9k $150.9k | First filing |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.7k $87.9k | New |
| Physician Wealth Advisors, Inc. 0.00% of their portfolio | 448 $23.0k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 400 $20.5k | Unchanged |
| AE Wealth Management LLC 0.00% of their portfolio | 341 $17.5k | New |
| FIDUCIARY FINANCIAL ADVISORS 0.00% of their portfolio | 232 $11.9k | New |
| Principia Wealth Advisory, LLC 0.00% of their portfolio | 120 $6.2k | Reduced -2.4k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 113 $5.8k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 0 $1 | Unchanged |