Vault-13

VANGUARD MALVERN FDS VPLS

CORE-PLUS BD ETF · ETP · CUSIP 922020755

103 institutional holders +15 vs Q2 2025
4,754,5794.8m shares reported held*
$373.3mreported value*
25 new 48 added 19 reduced 7 sold out net bought ≈ $123.3m (+1.6m 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 ≈ $78.52.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q4 23: 4Q1 24: 18Q2 24: 24Q3 24: 33Q4 24: 54Q1 25: 76Q2 25: 88Q3 25: 103103Q4 23Q2 24Q4 24Q2 25Q3 25
Numbers
QuarterHolders
Q4 20234
Q1 202418
Q2 202424
Q3 202433
Q4 202454
Q1 202576
Q2 202588
Q3 2025103

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 outQ3 24: 24 bought or addedQ3 24: 5 cut or sold outQ3 24Q4 24: 40 bought or addedQ4 24: 9 cut or sold outQ1 25: 59 bought or addedQ1 25: 12 cut or sold outQ1 25Q2 25: 66 bought or addedQ2 25: 23 cut or sold outQ3 25: 73 bought or addedQ3 25: 26 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024171
Q2 2024182
Q3 2024245
Q4 2024409
Q1 20255912
Q2 20256623
Q3 20257326

Biggest buyers

WNY Asset Management, LLC New +470,969+471.0k
BANK OF AMERICA CORP /DE/ Added +314,849+314.8k
Summit Financial, LLC New +224,064+224.1k
First Commonwealth Financial Corp /PA/ New +152,821+152.8k
LPL Financial LLC Added +97,626+97.6k
Balance Wealth Partners LLC Added +67,276+67.3k
PFG Private Wealth Management, LLC New +62,410+62.4k
RIA Advisory Group LLC New +43,147+43.1k
COMMONWEALTH EQUITY SERVICES, LLC Added +38,714+38.7k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC New +38,706+38.7k

Biggest sellers

ROYAL BANK OF CANADA Reduced -165,523-165.5k
JANE STREET GROUP, LLC Sold out -115,995-116.0k
Thrivent Financial for Lutherans Sold out -76,202-76.2k
FLOW TRADERS U.S. LLC Sold out -38,602-38.6k
SILVER OAK SECURITIES, INCORPORATED Reduced -6,641-6.6k
L.M. KOHN & COMPANY Sold out -5,697-5.7k
Haverford Trust Co Sold out -3,500-3.5k
TCFG WEALTH MANAGEMENT, LLC Sold out -2,820-2.8k
Breakwater Capital Group Reduced -1,664-1.7k
Janney Capital Management LLC Reduced -1,627-1.6k

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 813,159813.2k $63.9m $63.9m 0.00% Added +314.8k +314,849
2 WNY Asset Management, LLC 3.57% of their portfolio Williamsville, NY 470,969471.0k $37.0m $37.0m 3.57% New
3 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 442,303442.3k $34.8m $34.8m 0.01% Added +97.6k +97,626
4 Summit Financial, LLC 0.27% of their portfolio PARSIPPANY, NJ 224,064224.1k $17.6m $17.6m 0.27% New
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 187,539187.5k $14.7m $14.7m 0.00% Reduced -165.5k -165,523
6 Balance Wealth Partners LLC 3.56% of their portfolio WORTHINGTON, OH 183,251183.3k $14.4m $14.4m 3.56% Added +67.3k +67,276
7 Diversified Portfolios, Inc. 1.19% of their portfolio Bloomfield Hills, MI 172,023172.0k $13.5m $13.5m 1.19% Added +12.2k +12,157
8 Keystone Financial Group, Inc. 7.18% of their portfolio ATLANTA, GA 162,001162.0k $12.7m $12.7m 7.18% Added +37.4k +37,390
9 First Commonwealth Financial Corp /PA/ 2.01% of their portfolio Indiana, PA 152,821152.8k $12.0m $12.0m 2.01% New
10 MorganRosel Wealth Management, LLC 2.49% of their portfolio HIGHLANDS RANCH, CO 122,129122.1k $9.6m $9.6m 2.49% Added +4.7k +4,709
11 FAGAN ASSOCIATES, INC. 1.02% of their portfolio TROY, NY 93,92093.9k $7.4m $7.4m 1.02% Reduced -468 -468
12 LEAVELL INVESTMENT MANAGEMENT, INC. 0.29% of their portfolio MOBILE, AL 86,48686.5k $6.8m $6.8m 0.29% Added +26.0k +25,966
13 Landmark Wealth Management, LLC 2.69% of their portfolio MELVILLE, NY 86,15186.2k $6.8m $6.8m 2.69% Added +4.0k +4,038
14 PANORAMIC INVESTMENT ADVISORS, LLC 3.44% of their portfolio DENVER, CO 77,71577.7k $6.1m $6.1m 3.44% Added +5.0k +4,999
15 Dynamic Advisor Solutions LLC 0.18% of their portfolio PHOENIX, AZ 77,33377.3k $6.1m $6.1m 0.18% Added +2.7k +2,733
16 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 77,08077.1k $6.1m $6.1m 0.01% Added +38.7k +38,714
17 Janney Capital Management LLC 0.33% of their portfolio PITTSBURGH, PA 67,65767.7k $5.3m $5.3m 0.33% Reduced -1.6k -1,627
18 Apexium Financial, LP 0.26% of their portfolio Dallas, TX 66,99167.0k $5.3m $5.3m 0.26% Added +2.8k +2,803
19 PFG Private Wealth Management, LLC 2.19% of their portfolio LUTZ, FL 62,41062.4k $4.9m $4.9m 2.19% New
20 Integrity Wealth Solutions LLC 2.19% of their portfolio DENVER, CO 62,41062.4k $4.9m $4.9m 2.19% Added +18.8k +18,785
21 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 56,74056.7k $4.5m $4.5m 0.00% Added +21.1k +21,136
22 CFO4Life Group, LLC 0.63% of their portfolio COPPELL, TX 55,08655.1k $4.3m $4.3m 0.63% Added +2.7k +2,655
23 SILVER OAK SECURITIES, INCORPORATED 0.27% of their portfolio JACKSON, TN 46,46146.5k $3.7m $3.7m 0.27% Reduced -6.6k -6,641
24 Grant Street Asset Management, Inc. 0.77% of their portfolio CANONSBURG, PA 46,43846.4k $3.7m $3.7m 0.77% Added +232 +232
25 RIA Advisory Group LLC 0.87% of their portfolio Des Moines, IA 43,14743.1k $3.4m $3.4m 0.87% New
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 38,70638.7k $3.0m $3.0m 0.00% New
27 Harbor Group, Inc. 0.48% of their portfolio BEDFORD, NH 38,45438.5k $3.0m $3.0m 0.48% Added +20.9k +20,932
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 36,91236.9k $2.9m $2.9m 0.00% Added +22.2k +22,214
29 Lakewood Asset Management LLC 1.56% of their portfolio NAPERVILLE, IL 32,80332.8k $2.6m $2.6m 1.56% Added +9.0k +9,033
30 VICUS CAPITAL 0.19% of their portfolio STATE COLLEGE, PA 32,18832.2k $2.5m $2.5m 0.19% Added +16.0k +16,042
31 Triumph Capital Management 0.68% of their portfolio DENVER, CO 32,07832.1k $2.5m $2.5m 0.68% Added +2.9k +2,865
32 North Star Investment Management Corp. 0.16% of their portfolio CHICAGO, IL 31,53131.5k $2.5m $2.5m 0.16% Added +22.2k +22,189
33 Investment Advisory Group, LLC 0.65% of their portfolio HANOVER, MA 30,54530.5k $2.4m $2.4m 0.65% Added +4.4k +4,431
34 Ausdal Financial Partners, Inc. 0.11% of their portfolio Davenport, IA 29,90329.9k $2.4m $2.4m 0.11% Added +3.5k +3,453
35 Mariner, LLC 0.00% of their portfolio Overland Park, KS 28,75628.8k $2.3m $2.3m 0.00% New
36 Strategic Family Wealth Counselors, L.L.C. 0.58% of their portfolio FAIRFIELD, NJ 28,53528.5k $2.2m $2.2m 0.58% Added +1.5k +1,481
37 Roehl & Yi Investment Advisors, LLC 0.94% of their portfolio Eugene, OR 27,51427.5k $2.2m $2.2m 0.94% New
38 NavPoint Financial, Inc. 1.08% of their portfolio Prior Lake, MN 26,13126.1k $2.1m $2.1m 1.08% New
39 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 23,97424.0k $1.9m $1.9m 0.00% New
40 OAK HILL WEALTH ADVISORS, LLC 0.34% of their portfolio LANSDOWNE, VA 23,10023.1k $1.8m $1.8m 0.34% Added +11.7k +11,739
41 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 20,57920.6k $1.6m $1.6m 0.01% New
42 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 19,72319.7k $1.6m $1.6m 0.00% Added +10.8k +10,838
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 17,82417.8k $1.4m $1.4m 0.00% Reduced -1.2k -1,239
44 Centurion Wealth Management LLC 0.32% of their portfolio Mclean, VA 17,70517.7k $1.4m $1.4m 0.32% New
45 OMNI 360 Wealth, Inc. 0.66% of their portfolio Plainsboro, NJ 14,99615.0k $1.2m $1.2m 0.66% Added +1.4k +1,397
46 Stonebridge Financial Planning Group, LLC 0.38% of their portfolio ORLANDO, FL 12,73612.7k $1.0m $1.0m 0.38% New
47 Red Mountain Financial, LLC 0.98% of their portfolio FORT COLLINS, CO 12,29512.3k $966.7k $966.7k 0.98% Added +3.7k +3,700
48 Kaizen Financial Strategies 0.41% of their portfolio CAMPBELL, CA 11,67611.7k $917.6k $917.6k 0.41% New
49 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 11,44611.4k $900.0k $900.0k 0.00% Added +1.1k +1,123
50 StoneX Group Inc. 0.03% of their portfolio NEW YORK, NY 10,03110.0k $788.7k $788.7k 0.03% Reduced -77 -77
51 Westwind Capital 0.16% of their portfolio LAS CRUCES, NM 9,7429.7k $766.0k $766.0k 0.16% Added +81 +81
52 Burton Enright Welch 0.11% of their portfolio WALNUT CREEK, CA 9,5059.5k $747.4k $747.4k 0.11% Reduced -304 -304
53 Ashton Thomas Private Wealth, LLC 0.02% of their portfolio SCOTTSDALE, AZ 9,1539.2k $719.7k $719.7k 0.02% Reduced -408 -408
54 GSG Advisors LLC 0.18% of their portfolio MOUNT LAUREL, NJ 8,5558.6k $672.1k $672.1k 0.18% Added +409 +409
55 Accredited Wealth Management, LLC 0.12% of their portfolio LOUISVILLE, KY 8,5018.5k $154.9k $154.9k 0.12% Added +7.7k +7,651
56 Verum Partners LLC 0.14% of their portfolio CHARLOTTE, NC 8,1008.1k $636.9k $636.9k 0.14% Reduced -583 -583
57 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 7,3727.4k $579.6k $579.6k 0.01% New
58 Diversify Advisory Services, LLC 0.02% of their portfolio SANDY, UT 7,3077.3k $573.3k $573.3k 0.02% Reduced -58 -58
59 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 6,8006.8k $534.7k $534.7k 0.00% Added +2.8k +2,800
60 HOWARD FINANCIAL SERVICES, LTD. 0.06% of their portfolio DALLAS, TX 6,7276.7k $529.0k $529.0k 0.06% New
61 Breakwater Capital Group 0.08% of their portfolio PARAMUS, NJ 6,6886.7k $525.9k $525.9k 0.08% Reduced -1.7k -1,664
62 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 6,2806.3k $493.8k $493.8k 0.01% Reduced -372 -372
63 Firestone Capital Management 0.11% of their portfolio SOUTH MIAMI, FL 6,2146.2k $488.6k $488.6k 0.11% Added +2.4k +2,363
64 XY Planning Network, Inc. 0.16% of their portfolio BOZEMAN, MT 6,1776.2k $480.6k $480.6k 0.16% Unchanged
65 Principia Wealth Advisory, LLC 0.31% of their portfolio DALLAS, TX 5,4505.5k $428.5k $428.5k 0.31% Reduced -17 -17
66 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 5,3625.4k $421.6k $421.6k 0.01% Unchanged
67 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 5,2945.3k $416.3k $416.3k 0.00% Added +7 +7
68 Yukon Wealth Management, Inc. 0.13% of their portfolio Overland Park, KS 4,9885.0k $392.2k $392.2k 0.13% Unchanged
69 Eldridge Investment Advisors, Inc. 0.09% of their portfolio MANCHESTER, NH 4,8474.8k $381.1k $381.1k 0.09% Reduced -48 -48
70 STEPH & CO 0.12% of their portfolio MARINETTE, WI 4,8314.8k $379.9k $379.9k 0.12% Unchanged
71 Keystone Financial Group 0.03% of their portfolio LEXINGTON, KY 4,7984.8k $377.3k $377.3k 0.03% Added +1.2k +1,250
72 Acorn Wealth Advisors, LLC 0.12% of their portfolio Grand Blanc, MI 4,7244.7k $371.4k $371.4k 0.12% Added +712 +712
73 RED LIGHTHOUSE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio HILLSDALE, NY 4,3404.3k $341.2k $341.2k 0.12% Unchanged
74 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,2924.3k $337.5k $337.5k 0.00% Unchanged
75 Krilogy Financial LLC 0.01% of their portfolio ST. LOUIS, MO 4,0004.0k $313.2k $313.2k 0.01% New
76 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 3,8793.9k $305.0k $305.0k 0.00% Reduced -154 -154
77 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,6333.6k $285.7k $285.7k 0.00% Added +7 +7
78 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.03% of their portfolio CONCORD, MA 3,3973.4k $267.1k $267.1k 0.03% Added +358 +358
79 Pinnacle Financial Group, LLC / IL 0.08% of their portfolio WESTERN SPRINGS, IL 3,3593.4k $264.1k $264.1k 0.08% Unchanged
80 Family Investment Center, Inc. 0.05% of their portfolio Saint Joseph, MO 3,2793.3k $257.8k $257.8k 0.05% Reduced -208 -208
81 PRIVATE MANAGEMENT GROUP INC 0.01% of their portfolio IRVINE, CA 3,1943.2k $251.1k $251.1k 0.01% New
82 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 3,1763.2k $249.7k $249.7k 0.01% Added +2.0k +2,036
83 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 3,1743.2k $249.6k $249.6k 0.00% Reduced -51 -51
84 ROBERTS GLORE & CO INC /IL/ 0.07% of their portfolio DEERFIELD, IL 3,1353.1k $246.5k $246.5k 0.07% New
85 Capital Planning LLC 0.06% of their portfolio BELLEVUE, WA 2,8122.8k $221.1k $221.1k 0.06% Unchanged
86 MAINSAIL ASSET MANAGEMENT, LLC 0.10% of their portfolio BIRMINGHAM, AL 2,8002.8k $220.2k $220.2k 0.10% New
87 Financial Synergies Wealth Advisors, Inc. 0.02% of their portfolio HOUSTON, TX 2,6862.7k $211.2k $211.2k 0.02% Added +52 +52
88 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 2,6002.6k $204.4k $204.4k 0.00% Unchanged
89 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 1,4881.5k $117.0k $117.0k 0.00% New
90 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 1,3211.3k $103.9k $103.9k 0.00% New
91 UBS Group AG 0.00% of their portfolio ZURICH, V8 758758 $59.6k $59.6k 0.00% Added +407 +407
92 Joseph Group Capital Management 0.02% of their portfolio COLUMBUS, OH 756756 $59.4k $59.4k 0.02% New
93 First Pacific Financial 0.01% of their portfolio VANCOUVER, WA 650650 $51.1k $51.1k 0.01% Added +2 +2
94 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 642642 $50.5k $50.5k 0.00% Added +11 +11
95 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 375375 $29.5k $29.5k 0.00% New
96 Medallion Wealth Advisors, LLC 0.01% of their portfolio FARMINGTON, CT 280280 $22.0k $22.0k 0.01% Unchanged
97 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 212212 $16.7k $16.7k 0.00% Added +162 +162
98 COMERICA BANK 0.00% of their portfolio DALLAS, TX 177177 $13.9k $13.9k 0.00% Unchanged
99 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.00% of their portfolio WALTHAM, MA 173173 $13.6k $13.6k 0.00% Added +14 +14
100 MB, LEVIS & ASSOCIATES, LLC 0.00% of their portfolio CENTER VALLEY, PA 108108 $8.5k $8.5k 0.00% Added +1 +1