Vault-13

VANGUARD MALVERN FDS VSDB

SHOR DURA BD ETF · ETP · CUSIP 922020730

55 institutional holders +11 vs Q1 2026
9,328,5999.3m shares reported held*
$712.1mreported value*
15 new 22 added 10 reduced 3 sold out net bought ≈ $390.0m (+5.1m 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 ≈ $76.34.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 10Q3 25: 18Q4 25: 28Q1 26: 44Q2 26: 5555Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202510
Q3 202518
Q4 202528
Q1 202644
Q2 202655

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q3 25: 17 bought or addedQ3 25: 3 cut or sold outQ3 25Q4 25: 22 bought or addedQ4 25: 6 cut or sold outQ4 25Q1 26: 31 bought or addedQ1 26: 6 cut or sold outQ1 26Q2 26: 37 bought or addedQ2 26: 13 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2025173
Q4 2025226
Q1 2026316
Q2 20263713

Biggest buyers

Orgel Wealth Management, LLC Added +4,710,224+4.7m
TD Capital Management LLC New +81,727+81.7k
Beaird Harris Wealth Management, LLC Added +69,337+69.3k
Entruity Wealth, LLC New +60,268+60.3k
Bell Bank New +55,494+55.5k
Werba Rubin Papier Wealth Management Added +26,241+26.2k
CGN Advisors LLC Added +23,647+23.6k
Balboa Wealth Partners New +14,337+14.3k
Integrated Wealth Concepts LLC Added +12,399+12.4k
Keystone Financial Group, Inc. Added +12,058+12.1k

Biggest sellers

JANE STREET GROUP, LLC Sold out -14,875-14.9k
TD Waterhouse Canada Inc. Reduced -5,487-5.5k
Englebert Financial Advisers, LLC Reduced -4,957-5.0k
Talisman Wealth Advisors LLC Sold out -3,970-4.0k
SJS Investment Consulting Inc. Sold out -3,916-3.9k
Mills Wealth Advisors LLC Reduced -2,805-2.8k
Mariner, LLC Reduced -1,405-1.4k
CITADEL ADVISORS LLC Reduced -1,310-1.3k
Aptus Capital Advisors, LLC Reduced -628-628
North Star Investment Management Corp. Reduced -585-585

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Orgel Wealth Management, LLC 11.87% of their portfolio ALTOONA, WI 8,199,3938.2m $625.9m $625.9m 11.87% Added +4.7m +4,710,224
2 Beaird Harris Wealth Management, LLC 0.98% of their portfolio DALLAS, TX 203,992204.0k $15.6m $15.6m 0.98% Added +69.3k +69,337
3 CGN Advisors LLC 0.53% of their portfolio MANHATTAN, KS 94,66194.7k $7.2m $7.2m 0.53% Added +23.6k +23,647
4 Werba Rubin Papier Wealth Management 0.86% of their portfolio SAN JOSE, CA 92,93392.9k $7.1m $7.1m 0.86% Added +26.2k +26,241
5 TD Capital Management LLC 0.51% of their portfolio MEMPHIS, TN 81,72781.7k $6.2m $6.2m 0.51% New
6 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 68,36968.4k $5.2m $5.2m 0.03% Added +12.4k +12,399
7 Keystone Financial Group, Inc. 2.42% of their portfolio ATLANTA, GA 60,31460.3k $4.6m $4.6m 2.42% Added +12.1k +12,058
8 Entruity Wealth, LLC 2.98% of their portfolio BAKERSFIELD, CA 60,26860.3k $4.6m $4.6m 2.98% New
9 Bell Bank 0.16% of their portfolio FARGO, ND 55,49455.5k $4.2m $4.2m 0.16% New
10 Pinnacle Financial Group, LLC / IL 0.76% of their portfolio WESTERN SPRINGS, IL 40,69740.7k $3.1m $3.1m 0.76% Added +2.0k +2,015
11 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 26,56226.6k $2.0m $2.0m 0.00% Added +7.9k +7,930
12 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 21,88121.9k $1.7m $1.7m 0.00% Reduced -5.5k -5,487
13 Robertson Stephens Wealth Management, LLC 0.04% of their portfolio San Francisco, CA 21,22721.2k $1.6m $1.6m 0.04% Added +200 +200
14 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 21,15621.2k $1.6m $1.6m 0.01% Added +958 +958
15 Eldridge Investment Advisors, Inc. 0.25% of their portfolio MANCHESTER, NH 16,44016.4k $1.3m $1.3m 0.25% Added +5.6k +5,638
16 North Star Investment Management Corp. 0.07% of their portfolio CHICAGO, IL 16,24916.2k $1.2m $1.2m 0.07% Reduced -585 -585
17 Mills Wealth Advisors LLC 0.35% of their portfolio SOUTHLAKE, TX 14,50914.5k $1.1m $1.1m 0.35% Reduced -2.8k -2,805
18 Balboa Wealth Partners 0.15% of their portfolio SCOTTSDALE, AZ 14,33714.3k $1.1m $1.1m 0.15% New
19 HAZLETT, BURT & WATSON, INC. 0.28% of their portfolio WHEELING, WV 13,78313.8k $1.1m $1.1m 0.28% Added +3.3k +3,287
20 BARNES PETTEY FINANCIAL ADVISORS, LLC 0.31% of their portfolio CLARKSDALE, MS 12,99813.0k $992.3k $992.3k 0.31% Unchanged
21 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,39912.4k $942.1k $942.1k 0.00% Added +2.6k +2,629
22 American Investment Services, Inc. 0.19% of their portfolio GREAT BARRINGTON, MA 11,91311.9k $909.4k $909.4k 0.19% Added +1.1k +1,079
23 Englebert Financial Advisers, LLC 0.90% of their portfolio Allentown, PA 11,90211.9k $908.6k $908.6k 0.90% Reduced -5.0k -4,957
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,88911.9k $907.6k $907.6k 0.00% Reduced -1.3k -1,310
25 STEEL GROVE CAPITAL ADVISORS, LLC 0.08% of their portfolio MEMPHIS, TN 11,50011.5k $877.9k $877.9k 0.08% Added +7.0k +7,000
26 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 11,05211.1k $843.7k $843.7k 0.00% Added +5.5k +5,499
27 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 10,56010.6k $806.1k $806.1k 0.01% Reduced -400 -400
28 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 10,04410.0k $766.8k $766.8k 0.00% Unchanged
29 Worth Asset Management, LLC 0.23% of their portfolio DALLAS, TX 9,5419.5k $728.4k $728.4k 0.23% New
30 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,3448.3k $638.0k $638.0k 0.00% Added +4.7k +4,738
31 Betterment LLC 0.00% of their portfolio NEW YORK, NY 7,0507.0k $538.0k $538.0k 0.00% Reduced -577 -577
32 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 6,8486.8k $522.8k $522.8k 0.00% Added +129 +129
33 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 5,6905.7k $434.4k $434.4k 0.02% New
34 Crusonia Wealth Advisors LLC 0.07% of their portfolio DENVER, CO 5,5455.5k $423.3k $423.3k 0.07% New
35 Mariner, LLC 0.00% of their portfolio Overland Park, KS 5,4185.4k $413.6k $413.6k 0.00% Reduced -1.4k -1,405
36 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 5,1005.1k $389.3k $389.3k 0.00% Unchanged
37 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 4,5854.6k $350.0k $350.0k 0.01% Added +245 +245
38 Concurrent Investment Advisors, LLC 0.00% of their portfolio Tampa, FL 4,5034.5k $343.8k $343.8k 0.00% New
39 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 4,3444.3k $331.7k $331.7k 0.00% Added +2.8k +2,795
40 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 4,0134.0k $306.3k $306.3k 0.00% New
41 Gutierrez Wealth Advisory, LLC 0.17% of their portfolio LITTLE ROCK, AR 3,8193.8k $291.6k $291.6k 0.17% Added +30 +30
42 Burton Enright Welch 0.03% of their portfolio WALNUT CREEK, CA 3,5963.6k $274.5k $274.5k 0.03% New
43 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 3,4163.4k $260.8k $260.8k 0.00% New
44 Aegis Wealth Management LLC 0.12% of their portfolio BETHESDA, MD 3,2753.3k $250.0k $250.0k 0.12% Unchanged
45 HBK Sorce Advisory LLC 0.00% of their portfolio ERIE, PA 3,2653.3k $247.8k $247.8k 0.00% Unchanged
46 Concord Wealth Partners 0.03% of their portfolio ABINGDON, VA 3,0603.1k $233.6k $233.6k 0.03% Added +29 +29
47 CRA Financial Services, LLC 0.02% of their portfolio NORTHFIELD, NJ 2,6712.7k $203.9k $203.9k 0.02% New
48 Aptus Capital Advisors, LLC 0.00% of their portfolio FAIRHOPE, AL 2,4462.4k $186.7k $186.7k 0.00% Reduced -628 -628
49 Cornerstone National Bank & Trust Co 0.06% of their portfolio PALATINE, IL 2,1512.2k $163.4k $163.4k 0.06% Unchanged
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 820820 $62.6k $62.6k 0.00% New
51 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 359359 $27.4k $27.4k 0.00% New
52 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 324324 $24.7k $24.7k 0.00% New
53 VANGUARD ADVISERS INC 0.00% of their portfolio Malvern, PA 9696 $7.3k $7.3k 0.00% Reduced -153 -153
54 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7070 $5.0k $5.0k 0.00% Unchanged
55 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 11 $76 $76 0.00% Unchanged