Vault-13

VANGUARD MALVERN FDS VPLS

CORE-PLUS BD ETF · ETP · CUSIP 922020755

130 institutional holders +27 vs Q3 2025
5,897,3805.9m shares reported held*
$460.7mreported value*
29 new 73 added 8 reduced 7 sold out net bought ≈ $126.2m (+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 ≈ $78.12.

Trends to Q4 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: 103Q4 25: 130130Q4 23Q2 24Q4 24Q2 25Q4 25
Numbers
QuarterHolders
Q4 20234
Q1 202418
Q2 202424
Q3 202433
Q4 202454
Q1 202576
Q2 202588
Q3 2025103
Q4 2025130

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q1 24: 17 bought or addedQ1 24: 1 cut or sold outQ2 24: 18 bought or addedQ2 24: 2 cut or sold outQ2 24Q3 24: 24 bought or addedQ3 24: 5 cut or sold outQ4 24: 40 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 59 bought or addedQ1 25: 12 cut or sold outQ2 25: 66 bought or addedQ2 25: 23 cut or sold outQ2 25Q3 25: 73 bought or addedQ3 25: 26 cut or sold outQ4 25: 102 bought or addedQ4 25: 15 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024171
Q2 2024182
Q3 2024245
Q4 2024409
Q1 20255912
Q2 20256623
Q3 20257326
Q4 202510215

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +374,080+374.1k
LPL Financial LLC Added +216,196+216.2k
Thrivent Financial for Lutherans New +90,827+90.8k
UNITED CAPITAL FINANCIAL ADVISORS, LLC New +76,884+76.9k
NavPoint Financial, Inc. Added +61,016+61.0k
Roehl & Yi Investment Advisors, LLC Added +59,354+59.4k
COMMONWEALTH EQUITY SERVICES, LLC Added +51,073+51.1k
CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC New +46,569+46.6k
JANE STREET GROUP, LLC New +45,714+45.7k
FLOW TRADERS U.S. LLC New +42,992+43.0k

Biggest sellers

PFG Private Wealth Management, LLC Sold out -62,410-62.4k
CITADEL ADVISORS LLC Sold out -23,974-24.0k
Diversify Advisory Services, LLC Sold out -7,307-7.3k
Triumph Capital Management Reduced -4,303-4.3k
Family Investment Center, Inc. Sold out -3,279-3.3k
CFO4Life Group, LLC Reduced -1,938-1.9k
Janney Capital Management LLC Reduced -1,439-1.4k
GSG Advisors LLC Reduced -1,060-1.1k
Atria Investments, Inc Reduced -913-913
RAYMOND JAMES FINANCIAL INC Reduced -844-844

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,187,2391.2m $92.7m $92.7m 0.01% Added +374.1k +374,080
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 658,499658.5k $51.4m $51.4m 0.01% Added +216.2k +216,196
3 Summit Financial, LLC 0.27% of their portfolio PARSIPPANY, NJ 237,946237.9k $18.6m $18.6m 0.27% Added +13.9k +13,882
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 205,285205.3k $16.0m $16.0m 0.00% Added +17.7k +17,746
5 Balance Wealth Partners LLC 4.74% of their portfolio WORTHINGTON, OH 188,976189.0k $14.8m $14.8m 4.74% Added +5.7k +5,725
6 Diversified Portfolios, Inc. 1.20% of their portfolio Bloomfield Hills, MI 184,199184.2k $14.4m $14.4m 1.20% Added +12.2k +12,176
7 Keystone Financial Group, Inc. 7.42% of their portfolio ATLANTA, GA 181,493181.5k $14.2m $14.2m 7.42% Added +19.5k +19,492
8 First Commonwealth Financial Corp /PA/ 2.33% of their portfolio Indiana, PA 180,887180.9k $14.1m $14.1m 2.33% Added +28.1k +28,066
9 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 128,153128.2k $10.0m $10.0m 0.01% Added +51.1k +51,073
10 MorganRosel Wealth Management, LLC 2.45% of their portfolio HIGHLANDS RANCH, CO 125,233125.2k $9.8m $9.8m 2.45% Added +3.1k +3,104
11 LEAVELL INVESTMENT MANAGEMENT, INC. 0.40% of their portfolio MOBILE, AL 124,521124.5k $9.7m $9.7m 0.40% Added +38.0k +38,035
12 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 98,35798.4k $7.7m $7.7m 0.00% Added +41.6k +41,617
13 FAGAN ASSOCIATES, INC. 0.98% of their portfolio TROY, NY 94,57194.6k $7.4m $7.4m 0.98% Added +651 +651
14 Landmark Wealth Management, LLC 2.75% of their portfolio MELVILLE, NY 92,04092.0k $7.2m $7.2m 2.75% Added +5.9k +5,889
15 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 90,82790.8k $7.1m $7.1m 0.01% New
16 NavPoint Financial, Inc. 2.91% of their portfolio Prior Lake, MN 87,14787.1k $6.8m $6.8m 2.91% Added +61.0k +61,016
17 Roehl & Yi Investment Advisors, LLC 2.71% of their portfolio Eugene, OR 86,86886.9k $6.8m $6.8m 2.71% Added +59.4k +59,354
18 PANORAMIC INVESTMENT ADVISORS, LLC 3.64% of their portfolio DENVER, CO 85,68085.7k $6.7m $6.7m 3.64% Added +8.0k +7,965
19 Dynamic Advisor Solutions LLC 0.21% of their portfolio PHOENIX, AZ 81,92681.9k $6.4m $6.4m 0.21% Added +4.6k +4,593
20 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 76,88476.9k $6.0m $6.0m 0.04% New
21 Integrity Wealth Solutions LLC 2.28% of their portfolio DENVER, CO 73,81873.8k $5.8m $5.8m 2.28% Added +11.4k +11,408
22 Lakewood Asset Management LLC 3.24% of their portfolio NAPERVILLE, IL 70,64470.6k $5.5m $5.5m 3.24% Added +37.8k +37,841
23 Janney Capital Management LLC 0.33% of their portfolio PITTSBURGH, PA 66,21866.2k $5.2m $5.2m 0.33% Reduced -1.4k -1,439
24 North Star Investment Management Corp. 0.30% of their portfolio CHICAGO, IL 62,05662.1k $4.8m $4.8m 0.30% Added +30.5k +30,525
25 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 60,58260.6k $4.7m $4.7m 0.01% Added +23.7k +23,670
26 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 58,42258.4k $4.6m $4.6m 0.01% Added +19.7k +19,716
27 SILVER OAK SECURITIES, INCORPORATED 0.29% of their portfolio JACKSON, TN 55,08655.1k $4.3m $4.3m 0.29% Added +8.6k +8,625
28 Catalyst Investment Management LLC 3.99% of their portfolio WINDHAM, NH 53,98154.0k $4.2m $4.2m 3.99% First filing
29 Harbor Group, Inc. 0.63% of their portfolio BEDFORD, NH 53,87153.9k $4.2m $4.2m 0.63% Added +15.4k +15,417
30 CFO4Life Group, LLC 0.59% of their portfolio COPPELL, TX 53,14853.1k $4.2m $4.2m 0.59% Reduced -1.9k -1,938
31 Grant Street Asset Management, Inc. 0.74% of their portfolio CANONSBURG, PA 46,76846.8k $3.7m $3.7m 0.74% Added +330 +330
32 RIA Advisory Group LLC 0.88% of their portfolio Des Moines, IA 46,56946.6k $3.6m $3.6m 0.88% Added +3.4k +3,422
33 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.59% of their portfolio BETHLEHEM, PA 46,56946.6k $3.6m $3.6m 0.59% New
34 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 45,71445.7k $3.6m $3.6m 0.00% New
35 FLOW TRADERS U.S. LLC 0.11% of their portfolio NEW YORK, NY 42,99243.0k $3.4m $3.4m 0.11% New
36 VICUS CAPITAL 0.25% of their portfolio STATE COLLEGE, PA 42,26742.3k $3.3m $3.3m 0.25% Added +10.1k +10,079
37 Investment Advisory Group, LLC 0.79% of their portfolio HANOVER, MA 39,49039.5k $3.1m $3.1m 0.79% Added +8.9k +8,945
38 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 37,70137.7k $2.9m $2.9m 0.02% New
39 HOWARD FINANCIAL SERVICES, LTD. 0.34% of their portfolio DALLAS, TX 37,21037.2k $2.9m $2.9m 0.34% Added +30.5k +30,483
40 Mariner, LLC 0.00% of their portfolio Overland Park, KS 33,76733.8k $2.6m $2.6m 0.00% Added +5.0k +5,011
41 IAMS WEALTH MANAGEMENT, LLC 0.86% of their portfolio OMAHA, NE 30,46530.5k $2.4m $2.4m 0.86% New
42 Ausdal Financial Partners, Inc. 0.11% of their portfolio Davenport, IA 30,03530.0k $2.3m $2.3m 0.11% Added +132 +132
43 Strategic Family Wealth Counselors, L.L.C. 0.50% of their portfolio FAIRFIELD, NJ 28,72928.7k $2.2m $2.2m 0.50% Added +194 +194
44 Cogent Private Wealth, Inc. 1.68% of their portfolio ORLANDO, FL 28,26728.3k $2.2m $2.2m 1.68% First filing
45 OMNI 360 Wealth, Inc. 1.14% of their portfolio Plainsboro, NJ 28,26628.3k $2.2m $2.2m 1.14% Added +13.3k +13,270
46 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 28,23828.2k $2.2m $2.2m 0.00% New
47 Triumph Capital Management 0.47% of their portfolio DENVER, CO 27,77527.8k $2.2m $2.2m 0.47% Reduced -4.3k -4,303
48 Stonebridge Financial Planning Group, LLC 0.64% of their portfolio ORLANDO, FL 22,77322.8k $1.8m $1.8m 0.64% Added +10.0k +10,037
49 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 21,95222.0k $1.7m $1.7m 0.00% Added +2.2k +2,229
50 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 21,82021.8k $1.7m $1.7m 0.00% Added +10.4k +10,374
51 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 21,44521.4k $1.7m $1.7m 0.01% Added +866 +866
52 Red Mountain Financial, LLC 1.64% of their portfolio FORT COLLINS, CO 21,38321.4k $1.7m $1.7m 1.64% Added +9.1k +9,088
53 Centurion Wealth Management LLC 0.32% of their portfolio Mclean, VA 18,71418.7k $1.5m $1.5m 0.32% Added +1.0k +1,009
54 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 16,98017.0k $1.3m $1.3m 0.00% Reduced -844 -844
55 XY Planning Network, Inc. 0.22% of their portfolio BOZEMAN, MT 16,17716.2k $1.3m $1.3m 0.22% Added +10.0k +10,000
56 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 13,24013.2k $1.0m $1.0m 0.00% Added +9.4k +9,361
57 Kaizen Financial Strategies 0.45% of their portfolio CAMPBELL, CA 13,18813.2k $1.0m $1.0m 0.45% Added +1.5k +1,512
58 INTEGRITY ALLIANCE, LLC. 0.03% of their portfolio Urbandale, IA 11,11911.1k $868.6k $868.6k 0.03% New
59 StoneX Group Inc. 0.04% of their portfolio NEW YORK, NY 11,03111.0k $861.7k $861.7k 0.04% Added +1.0k +1,000
60 BROOKS, MOORE & ASSOCIATES, INC. 0.41% of their portfolio CHATTANOOGA, TN 10,74010.7k $839.0k $839.0k 0.41% New
61 Westwind Capital 0.17% of their portfolio LAS CRUCES, NM 10,66610.7k $833.0k $833.0k 0.17% Added +924 +924
62 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 9,6559.7k $754.2k $754.2k 0.01% Added +2.3k +2,283
63 Burton Enright Welch 0.10% of their portfolio WALNUT CREEK, CA 9,5019.5k $742.2k $742.2k 0.10% Reduced -4 -4
64 ROBERTS GLORE & CO INC /IL/ 0.20% of their portfolio DEERFIELD, IL 9,3759.4k $732.3k $732.3k 0.20% Added +6.2k +6,240
65 Ashton Thomas Private Wealth, LLC 0.02% of their portfolio SCOTTSDALE, AZ 9,2429.2k $721.9k $721.9k 0.02% Added +89 +89
66 Yeomans Consulting Group, Inc. 0.19% of their portfolio Marietta, GA 8,1768.2k $638.7k $638.7k 0.19% New
67 Verum Partners LLC 0.13% of their portfolio CHARLOTTE, NC 8,1108.1k $633.5k $633.5k 0.13% Added +10 +10
68 RED LIGHTHOUSE INVESTMENT MANAGEMENT, LLC 0.21% of their portfolio HILLSDALE, NY 7,5167.5k $587.1k $587.1k 0.21% Added +3.2k +3,176
69 GSG Advisors LLC 0.15% of their portfolio MOUNT LAUREL, NJ 7,4957.5k $585.5k $585.5k 0.15% Reduced -1.1k -1,060
70 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 6,8006.8k $531.2k $531.2k 0.00% Unchanged
71 Breakwater Capital Group 0.07% of their portfolio PARAMUS, NJ 6,7736.8k $529.1k $529.1k 0.07% Added +85 +85
72 Firestone Capital Management 0.10% of their portfolio SOUTH MIAMI, FL 6,2996.3k $492.0k $492.0k 0.10% Added +85 +85
73 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 6,2806.3k $490.6k $490.6k 0.01% Unchanged
74 R. W. Roge & Company, Inc. 0.23% of their portfolio BOHEMIA, NY 5,9896.0k $467.0k $467.0k 0.23% New
75 Principia Wealth Advisory, LLC 0.27% of their portfolio DALLAS, TX 5,5815.6k $436.0k $436.0k 0.27% Added +131 +131
76 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 5,3625.4k $418.9k $418.9k 0.01% Unchanged
77 Financial Insights, Inc. 0.14% of their portfolio TACOMA, WA 5,2245.2k $408.1k $408.1k 0.14% New
78 Eldridge Investment Advisors, Inc. 0.09% of their portfolio MANCHESTER, NH 5,0845.1k $397.2k $397.2k 0.09% Added +237 +237
79 STEPH & CO 0.11% of their portfolio MARINETTE, WI 5,0755.1k $396.4k $396.4k 0.11% Added +244 +244
80 Yukon Wealth Management, Inc. 0.22% of their portfolio Overland Park, KS 4,9885.0k $389.4k $389.4k 0.22% Unchanged
81 Keystone Financial Group 0.03% of their portfolio LEXINGTON, KY 4,8944.9k $382.3k $382.3k 0.03% Added +96 +96
82 Acorn Wealth Advisors, LLC 0.11% of their portfolio Grand Blanc, MI 4,7504.8k $371.0k $371.0k 0.11% Added +26 +26
83 Aurora Private Wealth, Inc. 0.24% of their portfolio ROCKAWAY, NJ 4,5814.6k $358.0k $358.0k 0.24% First filing
84 Atria Investments, Inc 0.00% of their portfolio Charlotte, NC 4,3814.4k $342.2k $342.2k 0.00% Reduced -913 -913
85 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 4,2924.3k $335.3k $335.3k 0.00% Unchanged
86 Confluence Wealth Services, Inc. 0.01% of their portfolio MCMURRAY, PA 4,1584.2k $324.8k $324.8k 0.01% New
87 Parallel Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 4,1374.1k $323.2k $323.2k 0.01% Added +2.6k +2,649
88 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 4,1004.1k $320.3k $320.3k 0.01% Added +1.5k +1,500
89 Colter Lewis Investment Partners LLC 0.37% of their portfolio GREENWICH, CT 4,0884.1k $319.3k $319.3k 0.37% First filing
90 Krilogy Financial LLC 0.01% of their portfolio ST. LOUIS, MO 4,0004.0k $313.9k $313.9k 0.01% Unchanged
91 PRIVATE MANAGEMENT GROUP INC 0.01% of their portfolio IRVINE, CA 3,6953.7k $288.6k $288.6k 0.01% Added +501 +501
92 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 3,6333.6k $283.8k $283.8k 0.00% Unchanged
93 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.03% of their portfolio CONCORD, MA 3,6163.6k $282.4k $282.4k 0.03% Added +219 +219
94 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 3,5193.5k $274.9k $274.9k 0.00% New
95 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 3,4503.5k $269.5k $269.5k 0.01% Added +274 +274
96 Keystone Wealth Services, LLC 0.06% of their portfolio PALM DESERT, CA 3,4283.4k $267.8k $267.8k 0.06% New
97 Platt Wealth Management LLC 0.26% of their portfolio SAN DIEGO, CA 3,3923.4k $264.0k $264.0k 0.26% First filing
98 LifeGoal Investments, LLC 0.17% of their portfolio SARATOGA SPRINGS, NY 3,2373.2k $252.3k $252.3k 0.17% New
99 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 3,1743.2k $247.9k $247.9k 0.00% Unchanged
100 Canal Capital Management, LLC 0.03% of their portfolio Richmond, VA 3,1573.2k $246.6k $246.6k 0.03% New