Vault-13

VANGUARD MALVERN FDS VPLS

CORE-PLUS BD ETF · ETP · CUSIP 922020755

88 institutional holders +12 vs Q1 2025
3,197,6313.2m shares reported held*
$248.7mreported value*
20 new 46 added 15 reduced 8 sold out net bought ≈ $76.7m (+985.7k 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 ≈ $77.76.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q4 23: 4Q1 24: 18Q2 24: 24Q3 24: 33Q4 24: 54Q1 25: 76Q2 25: 8888Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q4 20234
Q1 202418
Q2 202424
Q3 202433
Q4 202454
Q1 202576
Q2 202588

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 24: 17 bought or addedQ1 24: 1 cut or sold outQ1 24Q2 24: 18 bought or addedQ2 24: 2 cut or sold outQ2 24Q3 24: 24 bought or addedQ3 24: 5 cut or sold outQ3 24Q4 24: 40 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 59 bought or addedQ1 25: 12 cut or sold outQ1 25Q2 25: 66 bought or addedQ2 25: 23 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024171
Q2 2024182
Q3 2024245
Q4 2024409
Q1 20255912
Q2 20256623

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300k$400kQ3 24 calls: $0Q3 24 puts: $389.0kQ3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$0$389.0k—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—

Biggest buyers

ROYAL BANK OF CANADA Added +201,019+201.0k
BANK OF AMERICA CORP /DE/ Added +140,369+140.4k
LPL Financial LLC Added +86,508+86.5k
Thrivent Financial for Lutherans New +76,202+76.2k
Dynamic Advisor Solutions LLC New +74,600+74.6k
JANE STREET GROUP, LLC Added +70,490+70.5k
Balance Wealth Partners LLC Added +63,748+63.7k
Keystone Financial Group, Inc. Added +39,616+39.6k
FLOW TRADERS U.S. LLC New +38,602+38.6k
Apexium Financial, LP Added +36,762+36.8k

Biggest sellers

RIA Advisory Group LLC Sold out -41,123-41.1k
PANORAMIC INVESTMENT ADVISORS, LLC Reduced -26,603-26.6k
CGN Advisors LLC Sold out -10,280-10.3k
L.M. KOHN & COMPANY Reduced -6,120-6.1k
CAPTRUST FINANCIAL ADVISORS Sold out -5,661-5.7k
Grant Street Asset Management, Inc. Reduced -5,630-5.6k
CITADEL ADVISORS LLC Sold out -4,402-4.4k
Family Investment Center, Inc. Reduced -3,584-3.6k
ENVESTNET ASSET MANAGEMENT INC Sold out -3,462-3.5k
PRINCIPAL SECURITIES, INC. Reduced -3,454-3.5k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 498,310498.3k $38.8m $38.8m 0.00% Added +140.4k +140,369
2 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 353,062353.1k $27.5m $27.5m 0.00% Added +201.0k +201,019
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 344,677344.7k $26.8m $26.8m 0.01% Added +86.5k +86,508
4 Diversified Portfolios, Inc. 1.19% of their portfolio Bloomfield Hills, MI 159,866159.9k $12.4m $12.4m 1.19% Added +25.7k +25,699
5 Keystone Financial Group, Inc. 6.11% of their portfolio ATLANTA, GA 124,611124.6k $9.6m $9.6m 6.11% Added +39.6k +39,616
6 MorganRosel Wealth Management, LLC 2.49% of their portfolio HIGHLANDS RANCH, CO 117,420117.4k $9.1m $9.1m 2.49% Added +5.1k +5,124
7 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 115,995116.0k $9.0m $9.0m 0.01% Added +70.5k +70,490
8 Balance Wealth Partners LLC 5.28% of their portfolio WORTHINGTON, OH 115,975116.0k $9.0m $9.0m 5.28% Added +63.7k +63,748
9 FAGAN ASSOCIATES, INC. 1.14% of their portfolio TROY, NY 94,38894.4k $7.3m $7.3m 1.14% Reduced -535 -535
10 Landmark Wealth Management, LLC 2.72% of their portfolio MELVILLE, NY 82,11382.1k $6.4m $6.4m 2.72% Reduced -1.9k -1,937
11 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 76,20276.2k $5.9m $5.9m 0.01% New
12 Dynamic Advisor Solutions LLC 0.18% of their portfolio PHOENIX, AZ 74,60074.6k $5.8m $5.8m 0.18% New
13 PANORAMIC INVESTMENT ADVISORS, LLC 3.47% of their portfolio DENVER, CO 72,71672.7k $5.7m $5.7m 3.47% Reduced -26.6k -26,603
14 Janney Capital Management LLC 0.35% of their portfolio PITTSBURGH, PA 69,28469.3k $5.4m $5.4m 0.35% Reduced -1.5k -1,475
15 Apexium Financial, LP 0.26% of their portfolio Dallas, TX 64,18864.2k $5.0m $5.0m 0.26% Added +36.8k +36,762
16 LEAVELL INVESTMENT MANAGEMENT, INC. 0.21% of their portfolio MOBILE, AL 60,52060.5k $4.7m $4.7m 0.21% Added +15.3k +15,308
17 SILVER OAK SECURITIES, INCORPORATED 0.34% of their portfolio JACKSON, TN 53,10253.1k $4.1m $4.1m 0.34% Added +2.7k +2,685
18 CFO4Life Group, LLC 0.64% of their portfolio COPPELL, TX 52,43152.4k $4.1m $4.1m 0.64% Reduced -1.1k -1,052
19 Grant Street Asset Management, Inc. 0.81% of their portfolio CANONSBURG, PA 46,20646.2k $3.6m $3.6m 0.81% Reduced -5.6k -5,630
20 Integrity Wealth Solutions LLC 1.65% of their portfolio DENVER, CO 43,62543.6k $3.4m $3.4m 1.65% Added +6.6k +6,553
21 FLOW TRADERS U.S. LLC 0.11% of their portfolio NEW YORK, NY 38,60238.6k $3.0m $3.0m 0.11% New
22 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 38,36638.4k $3.0m $3.0m 0.00% Added +25.3k +25,280
23 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 35,60435.6k $2.8m $2.8m 0.00% Added +9.8k +9,789
24 Triumph Capital Management 0.68% of their portfolio DENVER, CO 29,21329.2k $2.3m $2.3m 0.68% New
25 Strategic Family Wealth Counselors, L.L.C. 0.60% of their portfolio FAIRFIELD, NJ 27,05427.1k $2.1m $2.1m 0.60% Added +2.9k +2,884
26 Ausdal Financial Partners, Inc. 0.14% of their portfolio Davenport, IA 26,45026.4k $2.1m $2.1m 0.14% Added +2.6k +2,619
27 Investment Advisory Group, LLC 0.62% of their portfolio HANOVER, MA 26,11426.1k $2.0m $2.0m 0.62% Added +4.9k +4,935
28 Lakewood Asset Management LLC 1.24% of their portfolio NAPERVILLE, IL 23,77023.8k $1.8m $1.8m 1.24% Added +6.3k +6,306
29 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 19,06319.1k $1.5m $1.5m 0.00% Added +8.3k +8,299
30 Harbor Group, Inc. 0.24% of their portfolio BEDFORD, NH 17,52217.5k $1.4m $1.4m 0.24% Added +10.2k +10,215
31 VICUS CAPITAL 0.10% of their portfolio STATE COLLEGE, PA 16,14616.1k $1.3m $1.3m 0.10% New
32 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 14,69814.7k $1.1m $1.1m 0.00% Added +4.0k +3,978
33 OMNI 360 Wealth, Inc. 0.66% of their portfolio Plainsboro, NJ 13,59913.6k $1.1m $1.1m 0.66% Added +1.8k +1,804
34 Moser Wealth Advisors, LLC 0.44% of their portfolio BELLEVUE, WA 11,81011.8k $918.8k $918.8k 0.44% Added +5.3k +5,310
35 OAK HILL WEALTH ADVISORS, LLC 0.18% of their portfolio LANSDOWNE, VA 11,36111.4k $873.8k $873.8k 0.18% Added +5.4k +5,421
36 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 10,32310.3k $803.1k $803.1k 0.00% Added +2.5k +2,534
37 StoneX Group Inc. 0.04% of their portfolio NEW YORK, NY 10,10810.1k $786.4k $786.4k 0.04% New
38 Burton Enright Welch 0.13% of their portfolio WALNUT CREEK, CA 9,8099.8k $763.1k $763.1k 0.13% Reduced -2.2k -2,186
39 Westwind Capital 0.15% of their portfolio LAS CRUCES, NM 9,6619.7k $752.0k $752.0k 0.15% Added +1.6k +1,634
40 Ashton Thomas Private Wealth, LLC 0.03% of their portfolio SCOTTSDALE, AZ 9,5619.6k $743.8k $743.8k 0.03% New
41 North Star Investment Management Corp. 0.05% of their portfolio CHICAGO, IL 9,3429.3k $726.8k $726.8k 0.05% Added +9.0k +9,001
42 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 8,8858.9k $691.0k $691.0k 0.00% Added +6.1k +6,068
43 Verum Partners LLC 0.16% of their portfolio CHARLOTTE, NC 8,6838.7k $675.5k $675.5k 0.16% Added +5.0k +5,025
44 Red Mountain Financial, LLC 0.74% of their portfolio FORT COLLINS, CO 8,5958.6k $668.7k $668.7k 0.74% New
45 Breakwater Capital Group 0.11% of their portfolio PARAMUS, NJ 8,3528.4k $649.8k $649.8k 0.11% Reduced -11 -11
46 GSG Advisors LLC 0.18% of their portfolio MOUNT LAUREL, NJ 8,1468.1k $633.8k $633.8k 0.18% Added +59 +59
47 Diversify Advisory Services, LLC 0.02% of their portfolio SANDY, UT 7,3657.4k $572.2k $572.2k 0.02% Reduced -598 -598
48 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 6,6526.7k $517.5k $517.5k 0.01% Reduced -13 -13
49 XY Planning Network, Inc. 0.16% of their portfolio BOZEMAN, MT 6,1776.2k $480.6k $480.6k 0.16% New
50 L.M. KOHN & COMPANY 0.12% of their portfolio CINCINNATI, OH 5,6975.7k $443.2k $443.2k 0.12% Reduced -6.1k -6,120
51 Principia Wealth Advisory, LLC 0.36% of their portfolio DALLAS, TX 5,4675.5k $425.3k $425.3k 0.36% Added +486 +486
52 Aurora Private Wealth, Inc. 0.31% of their portfolio ROCKAWAY, NJ 5,4475.4k $424.0k $424.0k 0.31% New
53 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 5,3625.4k $417.2k $417.2k 0.01% Unchanged
54 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 5,2875.3k $411.3k $411.3k 0.00% New
55 Yukon Wealth Management, Inc. 0.14% of their portfolio Overland Park, KS 4,9885.0k $388.1k $388.1k 0.14% New
56 Eldridge Investment Advisors, Inc. 0.08% of their portfolio MANCHESTER, NH 4,8954.9k $379.4k $379.4k 0.08% Added +1.7k +1,675
57 STEPH & CO 0.12% of their portfolio MARINETTE, WI 4,8314.8k $375.9k $375.9k 0.12% Added +244 +244
58 RED LIGHTHOUSE INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio HILLSDALE, NY 4,3404.3k $337.7k $337.7k 0.13% New
59 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,2924.3k $333.9k $333.9k 0.00% Added +3.0k +2,986
60 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 4,0334.0k $313.8k $313.8k 0.00% Added +5 +5
61 Acorn Wealth Advisors, LLC 0.12% of their portfolio Grand Blanc, MI 4,0124.0k $312.1k $312.1k 0.12% Added +95 +95
62 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 4,0004.0k $311.2k $311.2k 0.00% Reduced -3.2k -3,200
63 Firestone Capital Management 0.07% of their portfolio SOUTH MIAMI, FL 3,8513.9k $299.6k $299.6k 0.07% New
64 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,6263.6k $282.1k $282.1k 0.00% Reduced -526 -526
65 Keystone Financial Group 0.02% of their portfolio LEXINGTON, KY 3,5483.5k $276.0k $276.0k 0.02% Added +807 +807
66 Haverford Trust Co 0.00% of their portfolio Radnor, PA 3,5003.5k $272.3k $272.3k 0.00% New
67 Family Investment Center, Inc. 0.06% of their portfolio Saint Joseph, MO 3,4873.5k $271.3k $271.3k 0.06% Reduced -3.6k -3,584
68 Pinnacle Financial Group, LLC / IL 0.09% of their portfolio WESTERN SPRINGS, IL 3,3593.4k $261.3k $261.3k 0.09% Unchanged
69 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 3,2253.2k $250.9k $250.9k 0.00% Added +1.8k +1,761
70 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.03% of their portfolio CONCORD, MA 3,0393.0k $236.4k $236.4k 0.03% Added +1 +1
71 TCFG WEALTH MANAGEMENT, LLC 0.10% of their portfolio LAGUNA NIGUEL, CA 2,8202.8k $219.4k $219.4k 0.10% Unchanged
72 Capital Planning LLC 0.07% of their portfolio BELLEVUE, WA 2,8122.8k $218.8k $218.8k 0.07% Unchanged
73 Financial Synergies Wealth Advisors, Inc. 0.02% of their portfolio HOUSTON, TX 2,6342.6k $204.9k $204.9k 0.02% Added +40 +40
74 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 2,6002.6k $202.3k $202.3k 0.00% New
75 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1,1401.1k $88.7k $88.7k 0.00% New
76 AMERIFLEX GROUP, INC. 0.05% of their portfolio LAS VEGAS, NV 1,1141.1k $86.5k $86.5k 0.05% Added +181 +181
77 Accredited Wealth Management, LLC 0.05% of their portfolio LOUISVILLE, KY 850850 $66.1k $66.1k 0.05% Unchanged
78 First Pacific Financial 0.01% of their portfolio VANCOUVER, WA 648648 $50.4k $50.4k 0.01% New
79 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 631631 $49.1k $49.1k 0.00% Reduced -3.5k -3,454
80 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 359359 $27.9k $27.9k 0.00% Added +359 +359
81 UBS Group AG 0.00% of their portfolio ZURICH, V8 351351 $27.3k $27.3k 0.00% Added +119 +119
82 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 291291 $22.6k $22.6k 0.00% New
83 Medallion Wealth Advisors, LLC 0.01% of their portfolio FARMINGTON, CT 280280 $21.7k $21.7k 0.01% New
84 COMERICA BANK 0.00% of their portfolio DALLAS, TX 177177 $13.8k $13.8k 0.00% Added +83 +83
85 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.00% of their portfolio WALTHAM, MA 159159 $12.4k $12.4k 0.00% Added +2 +2
86 MB, LEVIS & ASSOCIATES, LLC 0.00% of their portfolio CENTER VALLEY, PA 107107 $8.3k $8.3k 0.00% Added +2 +2
87 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 5050 $3.9k $3.9k 0.00% Unchanged
88 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged