Vault-13

VANGUARD MALVERN FDS VPLS

CORE-PLUS BD ETF · ETP · CUSIP 922020755

148 institutional holders +18 vs Q4 2025
8,878,0928.9m shares reported held*
$688.7mreported value*
36 new 74 added 20 reduced 15 sold out net bought ≈ $210.6m (+2.7m 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $77.57.

Trends to Q1 2026

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: 130Q1 26: 148148Q4 23Q2 24Q4 24Q2 25Q4 25Q1 26
Numbers
QuarterHolders
Q4 20234
Q1 202418
Q2 202424
Q3 202433
Q4 202454
Q1 202576
Q2 202588
Q3 2025103
Q4 2025130
Q1 2026148

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q2 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 25Q4 25: 102 bought or addedQ4 25: 15 cut or sold outQ1 26: 110 bought or addedQ1 26: 35 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024182
Q3 2024245
Q4 2024409
Q1 20255912
Q2 20256623
Q3 20257326
Q4 202510215
Q1 202611035

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +437,524+437.5k
Insight Wealth Strategies, LLC New +343,106+343.1k
OSAIC HOLDINGS, INC. Added +306,983+307.0k
Betterment LLC New +176,641+176.6k
RAYMOND JAMES FINANCIAL INC Added +150,370+150.4k
Mariner, LLC Added +135,133+135.1k
Pasadena Private Wealth, LLC New +133,918+133.9k
R. W. Roge & Company, Inc. Added +101,286+101.3k
EVOLVE PRIVATE WEALTH, LLC New +93,286+93.3k
Keystone Financial Group, Inc. Added +91,403+91.4k

Biggest sellers

ROYAL BANK OF CANADA Reduced -114,649-114.6k
Thrivent Financial for Lutherans Sold out -90,827-90.8k
Catalyst Investment Management LLC Sold out -53,981-54.0k
RIA Advisory Group LLC Sold out -46,569-46.6k
JANE STREET GROUP, LLC Sold out -45,714-45.7k
MorganRosel Wealth Management, LLC Reduced -43,013-43.0k
FLOW TRADERS U.S. LLC Sold out -42,992-43.0k
LPL Financial LLC Reduced -14,652-14.7k
INTEGRITY ALLIANCE, LLC. Sold out -11,119-11.1k
Cambridge Investment Research Advisors, Inc. Reduced -10,429-10.4k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 1,624,7631.6m $126.1m $126.1m 0.01% Added +437.5k +437,524
2 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 643,847643.8k $50.0m $50.0m 0.01% Reduced -14.7k -14,652
3 OSAIC HOLDINGS, INC. 0.04% of their portfolio SCOTTSDALE, AZ 367,565367.6k $28.5m $28.5m 0.04% Added +307.0k +306,983
4 WNY Asset Management, LLC 2.94% of their portfolio Williamsville, NY 366,563366.6k $28.4m $28.4m 2.94% First filing
5 Insight Wealth Strategies, LLC 2.97% of their portfolio SAN RAMON, CA 343,106343.1k $26.6m $26.6m 2.97% New
6 Keystone Financial Group, Inc. 11.01% of their portfolio ATLANTA, GA 272,896272.9k $21.2m $21.2m 11.01% Added +91.4k +91,403
7 Summit Financial, LLC 0.25% of their portfolio PARSIPPANY, NJ 249,107249.1k $19.3m $19.3m 0.25% Added +11.2k +11,161
8 First Commonwealth Financial Corp /PA/ 2.72% of their portfolio Indiana, PA 220,342220.3k $17.1m $17.1m 2.72% Added +39.5k +39,455
9 Diversified Portfolios, Inc. 1.23% of their portfolio Bloomfield Hills, MI 193,358193.4k $15.0m $15.0m 1.23% Added +9.2k +9,159
10 Balance Wealth Partners LLC 4.57% of their portfolio WORTHINGTON, OH 189,573189.6k $14.7m $14.7m 4.57% Added +597 +597
11 Betterment LLC 0.03% of their portfolio NEW YORK, NY 176,641176.6k $13.7m $13.7m 0.03% New
12 Mariner, LLC 0.02% of their portfolio Overland Park, KS 168,900168.9k $13.1m $13.1m 0.02% Added +135.1k +135,133
13 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 167,350167.3k $13.0m $13.0m 0.00% Added +150.4k +150,370
14 JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio DES PERES, MO 159,745159.7k $12.3m $12.3m 0.01% Added +61.4k +61,388
15 LEAVELL INVESTMENT MANAGEMENT, INC. 0.48% of their portfolio MOBILE, AL 150,222150.2k $11.7m $11.7m 0.48% Added +25.7k +25,701
16 COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio WALTHAM, MA 149,516149.5k $11.6m $11.6m 0.02% Added +21.4k +21,363
17 Pasadena Private Wealth, LLC 1.44% of their portfolio PASADENA, CA 133,918133.9k $10.4m $10.4m 1.44% New
18 NavPoint Financial, Inc. 4.15% of their portfolio Prior Lake, MN 132,233132.2k $10.3m $10.3m 4.15% Added +45.1k +45,086
19 Landmark Wealth Management, LLC 2.41% of their portfolio MELVILLE, NY 116,034116.0k $9.0m $9.0m 2.41% Added +24.0k +23,994
20 R. W. Roge & Company, Inc. 3.97% of their portfolio BOHEMIA, NY 107,275107.3k $8.3m $8.3m 3.97% Added +101.3k +101,286
21 Roehl & Yi Investment Advisors, LLC 3.04% of their portfolio Eugene, OR 104,492104.5k $8.1m $8.1m 3.04% Added +17.6k +17,624
22 VICUS CAPITAL 0.55% of their portfolio STATE COLLEGE, PA 97,15497.2k $7.5m $7.5m 0.55% Added +54.9k +54,887
23 FAGAN ASSOCIATES, INC. 1.01% of their portfolio TROY, NY 93,64193.6k $7.3m $7.3m 1.01% Reduced -930 -930
24 EVOLVE PRIVATE WEALTH, LLC 0.39% of their portfolio LOS ANGELES, CA 93,28693.3k $7.2m $7.2m 0.39% New
25 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 90,63690.6k $7.0m $7.0m 0.00% Reduced -114.6k -114,649
26 PANORAMIC INVESTMENT ADVISORS, LLC 3.71% of their portfolio DENVER, CO 88,45688.5k $6.9m $6.9m 3.71% Added +2.8k +2,776
27 Lakewood Asset Management LLC 4.37% of their portfolio NAPERVILLE, IL 88,09088.1k $6.8m $6.8m 4.37% Added +17.4k +17,446
28 HOWARD FINANCIAL SERVICES, LTD. 0.76% of their portfolio DALLAS, TX 86,42886.4k $6.7m $6.7m 0.76% Added +49.2k +49,218
29 Dynamic Advisor Solutions LLC 0.21% of their portfolio PHOENIX, AZ 86,13686.1k $6.7m $6.7m 0.21% Added +4.2k +4,210
30 Harbor Group, Inc. 0.95% of their portfolio BEDFORD, NH 84,31684.3k $6.5m $6.5m 0.95% Added +30.4k +30,445
31 UNITED CAPITAL FINANCIAL ADVISORS, LLC 0.04% of their portfolio IRVING, TX 83,40783.4k $6.5m $6.5m 0.04% Added +6.5k +6,523
32 Ausdal Financial Partners, Inc. 0.29% of their portfolio Davenport, IA 82,72582.7k $6.4m $6.4m 0.29% Added +52.7k +52,690
33 North Star Investment Management Corp. 0.39% of their portfolio CHICAGO, IL 82,36382.4k $6.4m $6.4m 0.39% Added +20.3k +20,307
34 MorganRosel Wealth Management, LLC 2.52% of their portfolio HIGHLANDS RANCH, CO 82,22082.2k $6.4m $6.4m 2.52% Reduced -43.0k -43,013
35 Integrity Wealth Solutions LLC 2.49% of their portfolio DENVER, CO 81,72281.7k $6.3m $6.3m 2.49% Added +7.9k +7,904
36 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio PLYMOUTH, MN 76,91876.9k $6.0m $6.0m 0.01% Added +18.5k +18,496
37 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 74,73574.7k $5.8m $5.8m 0.00% New
38 Janney Montgomery Scott LLC 0.01% of their portfolio PHILADELPHIA, PA 65,80865.8k $5.1m $5.1m 0.01% New
39 SILVER OAK SECURITIES, INCORPORATED 0.36% of their portfolio JACKSON, TN 62,60662.6k $4.9m $4.9m 0.36% Added +7.5k +7,520
40 Farther Finance Advisors, LLC 0.04% of their portfolio SAN FRANCISCO, CA 57,03457.0k $4.4m $4.4m 0.04% Added +47.4k +47,379
41 CFO4Life Group, LLC 0.65% of their portfolio COPPELL, TX 55,05955.1k $4.3m $4.3m 0.65% Added +1.9k +1,911
42 Beaird Harris Wealth Management, LLC 0.29% of their portfolio DALLAS, TX 54,09254.1k $4.2m $4.2m 0.29% New
43 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 0.62% of their portfolio BETHLEHEM, PA 51,60051.6k $4.0m $4.0m 0.62% Added +5.0k +5,031
44 Beacon Pointe Advisors, LLC 0.02% of their portfolio NEWPORT BEACH, CA 49,18549.2k $3.8m $3.8m 0.02% Added +11.5k +11,484
45 Investment Advisory Group, LLC 0.93% of their portfolio HANOVER, MA 47,15747.2k $3.7m $3.7m 0.93% Added +7.7k +7,667
46 Grant Street Asset Management, Inc. 0.70% of their portfolio CANONSBURG, PA 46,61046.6k $3.6m $3.6m 0.70% Reduced -158 -158
47 Red Mountain Financial, LLC 3.40% of their portfolio FORT COLLINS, CO 46,48346.5k $3.6m $3.6m 3.40% Added +25.1k +25,100
48 Focus Partners Advisor Solutions, LLC 0.03% of their portfolio SAINT LOUIS, MO 37,85037.9k $2.9m $2.9m 0.03% New
49 OMNI 360 Wealth, Inc. 1.52% of their portfolio Plainsboro, NJ 37,85037.9k $2.9m $2.9m 1.52% Added +9.6k +9,584
50 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 36,38036.4k $2.8m $2.8m 0.00% Added +8.1k +8,142
51 Kaizen Financial Strategies 1.18% of their portfolio CAMPBELL, CA 35,66735.7k $2.8m $2.8m 1.18% Added +22.5k +22,479
52 SAGE RHINO CAPITAL LLC 0.51% of their portfolio MENLO PARK, CA 35,05335.1k $2.7m $2.7m 0.51% New
53 IAMS WEALTH MANAGEMENT, LLC 0.92% of their portfolio OMAHA, NE 33,95334.0k $2.6m $2.6m 0.92% Added +3.5k +3,488
54 IFP Advisors, Inc 0.05% of their portfolio TAMPA, FL 33,61333.6k $2.6m $2.6m 0.05% Added +30.2k +30,163
55 Triumph Capital Management 0.49% of their portfolio DENVER, CO 31,30131.3k $2.4m $2.4m 0.49% Added +3.5k +3,526
56 U.S. Capital Wealth Advisors, LLC 0.06% of their portfolio AUSTIN, TX 30,33930.3k $2.4m $2.4m 0.06% New
57 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 28,55628.6k $2.2m $2.2m 0.02% New
58 Cogent Private Wealth, Inc. 1.58% of their portfolio ORLANDO, FL 28,26728.3k $2.2m $2.2m 1.58% Unchanged
59 Advyzon Investment Management, LLC 0.19% of their portfolio LISLE, IL 27,87127.9k $2.2m $2.2m 0.19% New
60 Strategic Family Wealth Counselors, L.L.C. 0.57% of their portfolio FAIRFIELD, NJ 27,74627.7k $2.2m $2.2m 0.57% Reduced -983 -983
61 Stonebridge Financial Planning Group, LLC 0.75% of their portfolio ORLANDO, FL 26,36626.4k $2.0m $2.0m 0.75% Added +3.6k +3,593
62 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 25,33125.3k $2.0m $2.0m 0.00% Added +3.5k +3,511
63 DAHRING | CUSMANO LLC 1.13% of their portfolio NOVI, MI 23,76523.8k $1.8m $1.8m 1.13% New
64 D.A. DAVIDSON & CO. 0.01% of their portfolio GREAT FALLS, MT 21,86521.9k $1.7m $1.7m 0.01% Added +420 +420
65 Confluence Wealth Services, Inc. 0.06% of their portfolio MCMURRAY, PA 20,12120.1k $1.6m $1.6m 0.06% Added +16.0k +15,963
66 Integrated Advisors Network LLC 0.08% of their portfolio DALLAS, TX 18,92118.9k $1.5m $1.5m 0.08% New
67 Centurion Wealth Management LLC 0.33% of their portfolio Mclean, VA 18,71818.7k $1.5m $1.5m 0.33% Added +4 +4
68 Burton Enright Welch 0.19% of their portfolio WALNUT CREEK, CA 18,34918.3k $1.4m $1.4m 0.19% Added +8.8k +8,848
69 XY Planning Network, Inc. 0.21% of their portfolio BOZEMAN, MT 16,90216.9k $1.3m $1.3m 0.21% Added +725 +725
70 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 15,38215.4k $1.2m $1.2m 0.01% Added +2.1k +2,142
71 BROOKS, MOORE & ASSOCIATES, INC. 0.59% of their portfolio CHATTANOOGA, TN 15,14615.1k $1.2m $1.2m 0.59% Added +4.4k +4,406
72 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 14,70314.7k $1.1m $1.1m 0.00% New
73 StoneX Group Inc. 0.05% of their portfolio NEW YORK, NY 11,76211.8k $912.6k $912.6k 0.05% Added +731 +731
74 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 11,52311.5k $894.0k $894.0k 0.00% Reduced -10.4k -10,429
75 Westwind Capital 0.21% of their portfolio LAS CRUCES, NM 11,31611.3k $878.0k $878.0k 0.21% Added +650 +650
76 ROBERTS GLORE & CO INC /IL/ 0.21% of their portfolio DEERFIELD, IL 9,95510.0k $772.4k $772.4k 0.21% Added +580 +580
77 Wealthspire Advisors, LLC 0.01% of their portfolio NEW YORK, NY 9,8989.9k $768.0k $768.0k 0.01% New
78 GSG Advisors LLC 0.19% of their portfolio MOUNT LAUREL, NJ 9,5419.5k $740.3k $740.3k 0.19% Added +2.0k +2,046
79 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 8,3428.3k $647.2k $647.2k 0.00% New
80 Verum Partners LLC 0.12% of their portfolio CHARLOTTE, NC 7,9878.0k $619.7k $619.7k 0.12% Reduced -123 -123
81 BARNES PETTEY FINANCIAL ADVISORS, LLC 0.27% of their portfolio CLARKSDALE, MS 7,8497.8k $609.0k $609.0k 0.27% New
82 RED LIGHTHOUSE INVESTMENT MANAGEMENT, LLC 0.20% of their portfolio HILLSDALE, NY 7,5167.5k $583.2k $583.2k 0.20% Unchanged
83 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 6,8006.8k $527.6k $527.6k 0.00% Unchanged
84 FIRST AMERICAN BANK 0.03% of their portfolio DUNDEE, IL 6,7616.8k $524.6k $524.6k 0.03% New
85 Breakwater Capital Group 0.07% of their portfolio PARAMUS, NJ 6,6116.6k $512.9k $512.9k 0.07% Reduced -162 -162
86 Topsail Wealth Management, LLC 0.07% of their portfolio CHARLOTTE, NC 6,3886.4k $495.6k $495.6k 0.07% New
87 Financial Insights, Inc. 0.16% of their portfolio TACOMA, WA 6,3526.4k $492.8k $492.8k 0.16% Added +1.1k +1,128
88 Embree Financial Group 0.06% of their portfolio Chicago, IL 6,3186.3k $490.2k $490.2k 0.06% New
89 Wilmington Savings Fund Society, FSB 0.01% of their portfolio WILMINGTON, DE 6,2806.3k $487.3k $487.3k 0.01% Unchanged
90 Firestone Capital Management 0.10% of their portfolio SOUTH MIAMI, FL 5,9325.9k $460.2k $460.2k 0.10% Reduced -367 -367
91 Principia Wealth Advisory, LLC 0.25% of their portfolio DALLAS, TX 5,5925.6k $433.7k $433.7k 0.25% Added +11 +11
92 Eldridge Investment Advisors, Inc. 0.09% of their portfolio MANCHESTER, NH 5,5455.5k $428.6k $428.6k 0.09% Added +461 +461
93 ADVISORTRUST PARTNERS, LLC 0.17% of their portfolio RALEIGH, NC 5,2365.2k $406.3k $406.3k 0.17% New
94 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,2075.2k $404.0k $404.0k 0.00% Added +1.6k +1,574
95 Platt Wealth Management LLC 0.39% of their portfolio SAN DIEGO, CA 5,2055.2k $403.0k $403.0k 0.39% Added +1.8k +1,813
96 Yukon Wealth Management, Inc. 0.23% of their portfolio Overland Park, KS 4,9885.0k $387.0k $387.0k 0.23% Unchanged
97 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 4,9825.0k $386.5k $386.5k 0.00% Added +1.5k +1,463
98 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.05% of their portfolio CONCORD, MA 4,9635.0k $385.1k $385.1k 0.05% Added +1.3k +1,347
99 STEPH & CO 0.11% of their portfolio MARINETTE, WI 4,8894.9k $379.3k $379.3k 0.11% Reduced -186 -186
100 Keystone Financial Group 0.03% of their portfolio LEXINGTON, KY 4,8134.8k $373.4k $373.4k 0.03% Reduced -81 -81