Vault-13

VANGUARD MALVERN FDS VTIP

STRM INFPROIDX · ETP · CUSIP 922020805

920 institutional holders +21 vs Q4 2025
203,101,783203.1m shares reported held*
$10.1bnreported value*
81 new 428 added 269 reduced 60 sold out net sold ≈ $829.0m (-16.6m 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 ($25.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.84. Options: 1 managers hold calls ($1.2m notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

05001kQ3 22: 786Q4 22: 814Q1 23: 778Q2 23: 767Q3 23: 734Q4 23: 766Q1 24: 721Q2 24: 734Q3 24: 703Q4 24: 771Q1 25: 794Q2 25: 836Q3 25: 844Q4 25: 899Q1 26: 920920Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022786
Q4 2022814
Q1 2023778
Q2 2023767
Q3 2023734
Q4 2023766
Q1 2024721
Q2 2024734
Q3 2024703
Q4 2024771
Q1 2025794
Q2 2025836
Q3 2025844
Q4 2025899
Q1 2026920

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ2 24: 295 bought or addedQ2 24: 385 cut or sold outQ3 24: 307 bought or addedQ3 24: 373 cut or sold outQ3 24Q4 24: 378 bought or addedQ4 24: 281 cut or sold outQ1 25: 410 bought or addedQ1 25: 307 cut or sold outQ1 25Q2 25: 455 bought or addedQ2 25: 301 cut or sold outQ3 25: 473 bought or addedQ3 25: 303 cut or sold outQ3 25Q4 25: 518 bought or addedQ4 25: 291 cut or sold outQ1 26: 509 bought or addedQ1 26: 329 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024295385
Q3 2024307373
Q4 2024378281
Q1 2025410307
Q2 2025455301
Q3 2025473303
Q4 2025518291
Q1 2026509329

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ2 25 calls: $2.9mQ2 25 puts: $422.3kQ2 25P/C 0.15Q3 25 calls: $3.6mQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $657.8kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $1.2mQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$2.9m$422.3k0.15
Q3 2025$3.6m$00.00
Q4 2025$657.8k$00.00
Q1 2026$1.2m$00.00

Biggest buyers

Focus Partners Advisor Solutions, LLC Added +3,079,762+3.1m
Empowered Funds, LLC New +1,347,765+1.3m
GOLDMAN SACHS GROUP INC Added +1,312,057+1.3m
Wealthfront Advisers LLC Added +1,221,608+1.2m
MORGAN STANLEY Added +927,097+927.1k
Penserra Capital Management LLC New +774,292+774.3k
Strategic Financial Services, Inc. Added +639,362+639.4k
Beacon Capital Management, Inc. Added +629,709+629.7k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +564,036+564.0k
University of Illinois Foundation New +500,168+500.2k

Biggest sellers

JPMORGAN CHASE & CO Reduced -29,238,152-29.2m
SEI INVESTMENTS CO Reduced -3,991,379-4.0m
Corient Private Wealth LP Reduced -766,416-766.4k
LPL Financial LLC Reduced -701,306-701.3k
BAILARD, INC. Sold out -538,707-538.7k
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Reduced -481,652-481.7k
3EDGE Asset Management, LP Reduced -437,418-437.4k
Whelan Financial Reduced -417,977-418.0k
BlackRock, Inc. Reduced -335,268-335.3k
FRANKLIN RESOURCES INC Sold out -319,501-319.5k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $1.2m23.6k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.24% of their portfolio FORT MILL, SC 17,789,03017.8m $888.6m $888.6m 0.24% Reduced -701.3k -701,306
2 GOLDMAN SACHS GROUP INC 0.08% of their portfolio NEW YORK, NY 11,678,89411.7m $583.4m $583.4m 0.08% Added +1.3m +1,312,057
3 Valmark Advisers, Inc. 4.20% of their portfolio AKRON, OH 7,073,9537.1m $353.3m $353.3m 4.20% Added +357.7k +357,681
4 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 5,826,1145.8m $291.0m $291.0m 0.02% Added +927.1k +927,097
5 SEI INVESTMENTS CO 0.26% of their portfolio OAKS, PA 5,727,6355.7m $286.1m $286.1m 0.26% Reduced -4.0m -3,991,379
6 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 4.34% of their portfolio BOSTON, MA 5,447,6815.4m $272.1m $272.1m 4.34% Reduced -198.0k -197,980
7 FMR LLC 0.01% of their portfolio BOSTON, MA 4,942,5654.9m $246.9m $246.9m 0.01% Reduced -149.3k -149,290
8 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 4.25% of their portfolio Seattle, WA 4,890,8094.9m $244.3m $244.3m 4.25% Added +237.4k +237,357
9 Wealthfront Advisers LLC 0.53% of their portfolio Palo Alto, CA 4,855,0314.9m $242.5m $242.5m 0.53% Added +1.2m +1,221,608
10 Focus Partners Wealth 0.26% of their portfolio ST LOUIS, MO 4,602,8494.6m $229.9m $229.9m 0.26% Added +348.1k +348,132
11 Wealthspire Advisors, LLC 1.75% of their portfolio NEW YORK, NY 4,455,8684.5m $222.6m $222.6m 1.75% Added +264.4k +264,405
12 ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio Berwyn, PA 4,324,8174.3m $216.0m $216.0m 0.06% Added +477.3k +477,292
13 Focus Partners Advisor Solutions, LLC 2.10% of their portfolio SAINT LOUIS, MO 4,180,8804.2m $208.8m $208.8m 2.10% Added +3.1m +3,079,762
14 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,797,6143.8m $189.7m $189.7m 0.01% Added +100.8k +100,783
15 Savant Capital, LLC 0.85% of their portfolio ROCKFORD, IL 3,505,5013.5m $175.1m $175.1m 0.85% Reduced -89.4k -89,361
16 HighTower Advisors, LLC 0.15% of their portfolio CHICAGO, IL 2,847,1242.8m $142.2m $142.2m 0.15% Added +120.4k +120,406
17 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 2,466,4922.5m $123.2m $123.2m 0.02% Added +332.2k +332,233
18 Klingman & Associates, LLC 5.80% of their portfolio New York, NY 2,425,4162.4m $121.1m $121.1m 5.80% Added +338.1k +338,106
19 EVOKE WEALTH, LLC 2.13% of their portfolio Los Angeles, CA 2,312,6742.3m $115.5m $115.5m 2.13% Added +447.4k +447,353
20 Alesco Advisors, LLC, An ESL Co 2.68% of their portfolio Pittsford, NY 2,100,6232.1m $104.9m $104.9m 2.68% Added +61.8k +61,816
21 STUDIO INVESTMENT MANAGEMENT LLC 16.68% of their portfolio CHICAGO, IL 1,852,4241.9m $92.5m $92.5m 16.68% Added +30.9k +30,947
22 SATOVSKY ASSET MANAGEMENT LLC 15.07% of their portfolio NEW YORK, NY 1,709,6271.7m $85.4m $85.4m 15.07% Added +53.8k +53,759
23 BOK Financial Private Wealth, Inc. 5.08% of their portfolio DENVER, CO 1,685,0461.7m $84.2m $84.2m 5.08% Added +111.7k +111,656
24 First Interstate Bank 4.27% of their portfolio Billings, MT 1,520,9211.5m $76.0m $76.0m 4.27% Added +144.9k +144,907
25 Fund Evaluation Group, LLC 2.28% of their portfolio CINCINNATI, OH 1,487,0471.5m $74.3m $74.3m 2.28% Added +303.3k +303,306
26 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 1,478,6771.5m $73.9m $73.9m 0.08% Added +1 +1
27 True Link Financial Advisors, LLC 4.54% of their portfolio SAN FRANCISCO, CA 1,471,0151.5m $73.5m $73.5m 4.54% Added +18.4k +18,389
28 Strategic Financial Services, Inc. 3.49% of their portfolio UTICA, NY 1,468,5101.5m $73.4m $73.4m 3.49% Added +639.4k +639,362
29 Betterment LLC 0.14% of their portfolio NEW YORK, NY 1,465,0401.5m $73.2m $73.2m 0.14% Reduced -90.4k -90,355
30 Empowered Funds, LLC 0.43% of their portfolio NEWTOWN SQUARE, PA 1,347,7651.3m $67.3m $67.3m 0.43% New
31 Beacon Capital Management, Inc. 3.75% of their portfolio DAYTON, OH 1,333,1111.3m $66.6m $66.6m 3.75% Added +629.7k +629,709
32 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,179,8911.2m $58.9m $58.9m 0.01% Reduced -14.6k -14,569
33 Fairway Wealth LLC 5.32% of their portfolio INDEPENDENCE, OH 1,104,0841.1m $20.2m $20.2m 5.32% Added +117 +117
34 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.03% of their portfolio MILWAUKEE, WI 1,102,9371.1m $55.1m $55.1m 0.03% Added +71.0k +71,015
35 Garde Capital, Inc. 3.29% of their portfolio SEATTLE, WA 1,100,7021.1m $55.0m $55.0m 3.29% Added +177.1k +177,108
36 Cetera Investment Advisers 0.06% of their portfolio SCHAUMBURG, IL 1,092,0471.1m $54.5m $54.5m 0.06% Added +185.8k +185,838
37 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,090,2671.1m $54.5m $54.5m 0.01% Added +49.0k +49,050
38 Bleakley Financial Group, LLC 0.82% of their portfolio PARSIPPANY, NJ 1,048,4491.0m $52.4m $52.4m 0.82% Added +128.4k +128,447
39 ALTFEST L J & CO INC 5.37% of their portfolio NEW YORK, NY 1,004,6381.0m $50.2m $50.2m 5.37% Added +380.2k +380,152
40 ASSETMARK, INC 0.10% of their portfolio CONCORD, CA 956,747956.7k $47.8m $47.8m 0.10% Reduced -70.8k -70,841
41 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 930,673930.7k $46.5m $46.5m 0.07% Added +22.1k +22,131
42 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 892,213892.2k $44.6m $44.6m 0.00% Reduced -29.2m -29,238,152
43 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio Toronto, A6 856,145856.1k $42.8m $42.8m 0.04% Added +564.0k +564,036
44 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 799,165799.2k $39.9m $39.9m 0.01% Reduced -158.9k -158,879
45 MOLLER WEALTH PARTNERS 7.73% of their portfolio NORTHFIELD, IL 783,398783.4k $39.1m $39.1m 7.73% Added +73.4k +73,440
46 Penserra Capital Management LLC 0.45% of their portfolio ORINDA, CA 774,292774.3k $38.7m $38.7m 0.45% New
47 Pacific Sage Partners, LLC 5.91% of their portfolio EDMONDS, WA 750,511750.5k $37.5m $37.5m 5.91% Added +70.0k +69,994
48 Efficient Advisors, LLC 2.62% of their portfolio BEAVERTON, OR 738,954739.0k $36.9m $36.9m 2.62% Added +25.8k +25,780
49 Leonard Rickey Investment Advisors P.L.L.C. 6.20% of their portfolio YAKIMA, WA 717,241717.2k $35.8m $35.8m 6.20% Added +35.7k +35,653
50 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 711,469711.5k $35.5m $35.5m 0.01% Reduced -82.1k -82,067
51 Cerity Partners LLC 0.05% of their portfolio NEW YORK, NY 706,033706.0k $35.3m $35.3m 0.05% Added +61.5k +61,456
52 FINANCIAL CONSULATE, INC 4.39% of their portfolio HUNT VALLEY, MD 705,949705.9k $35.3m $35.3m 4.39% Added +148.3k +148,345
53 Financial Plan, Inc. 3.64% of their portfolio BELLINGHAM, WA 680,491680.5k $34.0m $34.0m 3.64% Added +88.1k +88,107
54 THOMPSON SIEGEL & WALMSLEY LLC 0.58% of their portfolio RICHMOND, VA 656,298656.3k $32.8m $32.8m 0.58% Added +222.3k +222,344
55 Marotta Asset Management 6.03% of their portfolio CHARLOTTESVILLE, VA 656,176656.2k $32.7m $32.7m 6.03% Reduced -801 -801
56 SILVER OAK WEALTH ADVISORS SERVICES, LLC 20.40% of their portfolio LOS ANGELES, CA 628,807628.8k $31.4m $31.4m 20.40% Added +5.7k +5,680
57 Cornerstone National Bank & Trust Co 11.40% of their portfolio PALATINE, IL 620,201620.2k $30.9m $30.9m 11.40% Reduced -58.3k -58,324
58 Stratos Investment Management, LLC 1.22% of their portfolio BEACHWOOD, OH 608,256608.3k $30.4m $30.4m 1.22% Added +29.0k +28,971
59 Arlington Financial Advisors, LLC 4.20% of their portfolio SANTA BARBARA, CA 590,921590.9k $29.5m $29.5m 4.20% Added +127.5k +127,450
60 Adventist Health System/ West 5.08% of their portfolio Roseville, CA 572,974573.0k $28.6m $28.6m 5.08% Reduced -193.0k -193,036
61 Corient Private Wealth LP 0.04% of their portfolio MIAMI, FL 571,882571.9k $28.6m $28.6m 0.04% Reduced -766.4k -766,416
62 DEFINE FINANCIAL, LLC 15.35% of their portfolio SAN DIEGO, CA 566,241566.2k $28.3m $28.3m 15.35% Added +55.8k +55,843
63 NORTHWEST WEALTH MANAGEMENT, LLC 4.10% of their portfolio SPENCER, IA 546,717546.7k $27.3m $27.3m 4.10% Added +49.0k +48,980
64 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 542,851542.9k $27.1m $27.1m 0.01% Reduced -80.1k -80,141
65 Financial Solutions Advisory Group, Inc. 3.61% of their portfolio CHICAGO, IL 522,141522.1k $26.1m $26.1m 3.61% First filing
66 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 512,651512.7k $25.6m $25.6m 0.01% Added +23.0k +23,020
67 Schorn Wealth LLC 7.63% of their portfolio ENGLEWOOD, FL 506,084506.1k $25.3m $25.3m 7.63% Added +3.6k +3,585
68 Alaska Permanent Capital Management, LLC 1.77% of their portfolio ANCHORAGE, AK 505,851505.9k $25.3m $25.3m 1.77% Added +68.1k +68,105
69 WEBSTER BANK, N. A. 2.37% of their portfolio WATERBURY, CT 501,985502.0k $25.1m $25.1m 2.37% Added +16.4k +16,439
70 University of Illinois Foundation 5.13% of their portfolio CHAMPAIGN, IL 500,168500.2k $25.0m $25.0m 5.13% New
71 VAN STRUM & TOWNE INC. 7.25% of their portfolio SAN FRANCISCO, CA 497,026497.0k $24.8m $24.8m 7.25% Added +86.6k +86,616
72 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 442,387442.4k $22.1m $22.1m 0.03% Added +56.7k +56,740
73 Addison Advisors LLC 4.77% of their portfolio MIDDLEBURY, VT 432,060432.1k $21.6m $21.6m 4.77% Added +26.4k +26,410
74 BENNINGFIELD FINANCIAL ADVISORS, LLC 16.69% of their portfolio SAN FRANCISCO, CA 423,463423.5k $21.2m $21.2m 16.69% Added +25.1k +25,134
75 AE Wealth Management LLC 0.11% of their portfolio TOPEKA, KS 420,154420.2k $21.0m $21.0m 0.11% Added +407.0k +406,992
76 ProVise Management Group, LLC 1.50% of their portfolio CLEARWATER, FL 416,335416.3k $20.8m $20.8m 1.50% Added +3.3k +3,338
77 Brickley Wealth Management 3.50% of their portfolio SAN MATEO, CA 408,487408.5k $20.4m $20.4m 3.50% Added +3.5k +3,524
78 NKCFO LLC 6.00% of their portfolio GENEVA, IL 405,450405.4k $20.3m $20.3m 6.00% Added +43.8k +43,750
79 MAYPORT, LLC 3.68% of their portfolio NEWTON, MA 396,348396.3k $19.8m $19.8m 3.68% Added +63.9k +63,924
80 Sellwood Investment Partners LLC 7.79% of their portfolio PORTLAND, OR 395,601395.6k $19.8m $19.8m 7.79% Reduced -29.8k -29,831
81 Portland Global Advisors LLC 2.06% of their portfolio PORTLAND, ME 387,498387.5k $19.4m $19.4m 2.06% Added +7.5k +7,540
82 Perigon Wealth Management, LLC 0.35% of their portfolio SAN FRANCISCO, CA 387,222387.2k $19.3m $19.3m 0.35% Added +59.7k +59,675
83 MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio DENVER, CO 384,241384.2k $19.2m $19.2m 0.03% Added +240.8k +240,837
84 Deane Retirement Strategies, Inc. 7.70% of their portfolio NEW ORLEANS, LA 383,074383.1k $19.1m $19.1m 7.70% Added +862 +862
85 SWAN Capital LLC 7.02% of their portfolio PENSACOLA, FL 382,363382.4k $19.1m $19.1m 7.02% Added +122.3k +122,258
86 Apella Capital, LLC 0.28% of their portfolio WEST HARTFORD, CT 379,888379.9k $19.1m $19.1m 0.28% Reduced -23.3k -23,344
87 Burton Enright Welch 2.49% of their portfolio WALNUT CREEK, CA 366,971367.0k $18.3m $18.3m 2.49% Added +21.5k +21,463
88 Chemistry Wealth Management LLC 3.22% of their portfolio NEW YORK, NY 366,902366.9k $18.3m $18.3m 3.22% Added +23.0k +23,039
89 Nova R Wealth, Inc. 5.83% of their portfolio OVERLAND PARK, KS 365,519365.5k $18.3m $18.3m 5.83% Added +26.2k +26,151
90 Prosperity Planning, Inc. 4.52% of their portfolio NORTH KANSAS CITY, MO 357,451357.5k $17.9m $17.9m 4.52% Added +21.1k +21,050
91 Greystone Financial Group, LLC 4.99% of their portfolio BLOOMFIELD HILLS, MI 352,966353.0k $17.6m $17.6m 4.99% Reduced -228.9k -228,925
92 FARMERS & MERCHANTS INVESTMENTS INC 0.48% of their portfolio LINCOLN, NE 348,731348.7k $17.4m $17.4m 0.48% Added +27.6k +27,561
93 Emprise Bank 6.98% of their portfolio WICHITA, KS 348,233348.2k $17.4m $17.4m 6.98% Reduced -4.1k -4,101
94 Farther Finance Advisors, LLC 0.16% of their portfolio SAN FRANCISCO, CA 344,513344.5k $17.2m $17.2m 0.16% Added +137.1k +137,124
95 Equitable Holdings, Inc. 0.05% of their portfolio NEW YORK, NY 343,298343.3k $8.2m $8.2m 0.05% Reduced -7.7k -7,726
96 Asset Management One Co., Ltd. 0.05% of their portfolio TOKYO, M0 342,077342.1k $17.1m $17.1m 0.05% Added +11.7k +11,710
97 TWIN FOCUS CAPITAL PARTNERS, LLC 1.96% of their portfolio Boston, MA 340,621340.6k $17.0m $17.0m 1.96% Reduced -17.3k -17,284
98 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 340,246340.2k $17.0m $17.0m 0.02% Added +3.4k +3,409
99 Glenview Trust Co 0.27% of their portfolio Louisville, KY 339,452339.5k $17.0m $17.0m 0.27% Added +81.3k +81,255
100 MML INVESTORS SERVICES, LLC 0.05% of their portfolio SPRINGFIELD, MA 333,950333.9k $16.7m $16.7m 0.05% Reduced -22.6k -22,566