Vault-13

VANGUARD MALVERN FDS VTIP

STRM INFPROIDX · ETP · CUSIP 922020805

951 institutional holders +31 vs Q1 2026
221,752,318221.8m shares reported held*
$11.1bnreported value*
86 new 508 added 228 reduced 49 sold out net bought ≈ $975.1m (+19.3m 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 ($43.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $50.19. Options: 3 managers hold calls ($2.2m notional), 2 hold puts ($11.5m).

Trends to Q2 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: 920Q2 26: 951951Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026951

Buyers vs sellers

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

Bought or addedCut or sold out
1k01kQ3 24: 307 bought or addedQ3 24: 373 cut or sold outQ4 24: 378 bought or addedQ4 24: 281 cut or sold outQ4 24Q1 25: 410 bought or addedQ1 25: 307 cut or sold outQ2 25: 455 bought or addedQ2 25: 301 cut or sold outQ2 25Q3 25: 473 bought or addedQ3 25: 303 cut or sold outQ4 25: 518 bought or addedQ4 25: 291 cut or sold outQ4 25Q1 26: 509 bought or addedQ1 26: 329 cut or sold outQ2 26: 594 bought or addedQ2 26: 277 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024307373
Q4 2024378281
Q1 2025410307
Q2 2025455301
Q3 2025473303
Q4 2025518291
Q1 2026509329
Q2 2026594277

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 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 0.00Q2 26 calls: $2.2mQ2 26 puts: $11.5mQ2 26P/C 5.13
Numbers
QuarterCallsPutsP/C
Q3 2025$3.6m$00.00
Q4 2025$657.8k$00.00
Q1 2026$1.2m$00.00
Q2 2026$2.2m$11.5m5.13

Biggest buyers

Savant Capital, LLC Added +3,543,754+3.5m
MAI Capital Management Added +2,335,038+2.3m
ARMSTRONG ADVISORY GROUP, INC Added +1,449,939+1.4m
Arax Advisory Partners Added +1,298,333+1.3m
Wealthfront Advisers LLC Added +1,282,281+1.3m
Cerity Partners LLC Added +1,035,517+1.0m
Accredited Investors Inc. New +1,014,386+1.0m
Focus Partners Advisor Solutions, LLC Added +814,757+814.8k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +744,718+744.7k
LPL Financial LLC Added +737,272+737.3k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -4,397,677-4.4m
EVOKE WEALTH, LLC Sold out -2,312,674-2.3m
Fund Evaluation Group, LLC Sold out -1,487,047-1.5m
Beacon Capital Management, Inc. Reduced -620,637-620.6k
WELLS FARGO & COMPANY/MN Reduced -512,922-512.9k
University of Illinois Foundation Sold out -500,168-500.2k
HighTower Advisors, LLC Reduced -460,866-460.9k
Penserra Capital Management LLC Reduced -415,274-415.3k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Reduced -313,302-313.3k
Addison Advisors LLC Reduced -221,756-221.8k

Biggest calls

CITADEL ADVISORS LLC New $1.8m35.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $432.0k8.6k shares
SIMPLEX TRADING, LLC New $15.1k300 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $7.7m153.9k shares
CITADEL ADVISORS LLC New $3.8m74.7k shares

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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LPL Financial LLC 0.21% of their portfolio FORT MILL, SC 18,526,30218.5m $930.6m $930.6m 0.21% Added +737.3k +737,272
2 Valmark Advisers, Inc. 3.92% of their portfolio AKRON, OH 7,347,5187.3m $369.1m $369.1m 3.92% Added +273.6k +273,565
3 GOLDMAN SACHS GROUP INC 0.04% of their portfolio NEW YORK, NY 7,281,2177.3m $365.7m $365.7m 0.04% Reduced -4.4m -4,397,677
4 Savant Capital, LLC 1.04% of their portfolio ROCKFORD, IL 7,049,2557.0m $353.1m $353.1m 1.04% Added +3.5m +3,543,754
5 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 6,439,9636.4m $323.5m $323.5m 0.02% Added +613.8k +613,849
6 Wealthfront Advisers LLC 0.59% of their portfolio Palo Alto, CA 6,137,3126.1m $308.3m $308.3m 0.59% Added +1.3m +1,282,281
7 SEI INVESTMENTS CO 0.27% of their portfolio OAKS, PA 6,019,9826.0m $302.4m $302.4m 0.27% Added +292.3k +292,347
8 CAMBRIDGE ASSOCIATES LLC /MA/ /ADV 4.12% of their portfolio BOSTON, MA 5,683,1315.7m $285.5m $285.5m 4.12% Added +235.4k +235,450
9 Focus Partners Wealth 0.27% of their portfolio ST LOUIS, MO 5,337,5735.3m $268.1m $268.1m 0.27% Added +734.7k +734,724
10 Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 3.79% of their portfolio Seattle, WA 5,146,0185.1m $258.5m $258.5m 3.79% Added +255.2k +255,209
11 Wealthspire Advisors, LLC 1.40% of their portfolio NEW YORK, NY 5,045,6025.0m $253.4m $253.4m 1.40% Added +589.7k +589,734
12 Focus Partners Advisor Solutions, LLC 2.13% of their portfolio SAINT LOUIS, MO 4,995,6375.0m $250.9m $250.9m 2.13% Added +814.8k +814,757
13 FMR LLC 0.01% of their portfolio BOSTON, MA 4,790,2224.8m $240.6m $240.6m 0.01% Reduced -152.3k -152,343
14 ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio Berwyn, PA 4,345,7704.3m $218.3m $218.3m 0.05% Added +21.0k +20,953
15 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,320,3974.3m $217.0m $217.0m 0.01% Added +522.8k +522,783
16 Klingman & Associates, LLC 5.58% of their portfolio New York, NY 2,611,5902.6m $131.2m $131.2m 5.58% Added +186.2k +186,174
17 HighTower Advisors, LLC 0.12% of their portfolio CHICAGO, IL 2,386,2582.4m $119.9m $119.9m 0.12% Reduced -460.9k -460,866
18 MAI Capital Management 0.45% of their portfolio INDEPENDENCE, OH 2,338,7652.3m $117.5m $117.5m 0.45% Added +2.3m +2,335,038
19 Alesco Advisors, LLC, An ESL Co 2.42% of their portfolio Pittsford, NY 2,102,8822.1m $105.6m $105.6m 2.42% Added +2.3k +2,259
20 BOK Financial Private Wealth, Inc. 5.23% of their portfolio DENVER, CO 2,030,8762.0m $102.0m $102.0m 5.23% Added +345.8k +345,830
21 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 1,953,5702.0m $98.1m $98.1m 0.02% Reduced -512.9k -512,922
22 STUDIO INVESTMENT MANAGEMENT LLC 15.87% of their portfolio CHICAGO, IL 1,869,3581.9m $93.9m $93.9m 15.87% Added +16.9k +16,934
23 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.05% of their portfolio MILWAUKEE, WI 1,847,6551.8m $92.8m $92.8m 0.05% Added +744.7k +744,718
24 Cerity Partners LLC 0.11% of their portfolio NEW YORK, NY 1,741,5501.7m $87.5m $87.5m 0.11% Added +1.0m +1,035,517
25 SATOVSKY ASSET MANAGEMENT LLC 13.77% of their portfolio NEW YORK, NY 1,718,9381.7m $86.3m $86.3m 13.77% Added +9.3k +9,311
26 ASSETMARK, INC 0.14% of their portfolio CONCORD, CA 1,673,5621.7m $84.1m $84.1m 0.14% Added +716.8k +716,815
27 First Interstate Bank 4.11% of their portfolio Billings, MT 1,568,9151.6m $78.8m $78.8m 4.11% Added +48.0k +47,994
28 Strategic Financial Services, Inc. 3.40% of their portfolio UTICA, NY 1,543,6401.5m $77.5m $77.5m 3.40% Added +75.1k +75,130
29 True Link Financial Advisors, LLC 4.43% of their portfolio SAN FRANCISCO, CA 1,525,6461.5m $76.6m $76.6m 4.43% Added +54.6k +54,631
30 Russell Investments Group, Ltd. 0.07% of their portfolio Seattle, WA 1,478,7131.5m $74.3m $74.3m 0.07% Added +36 +36
31 ARMSTRONG ADVISORY GROUP, INC 4.45% of their portfolio NEEDHAM, MA 1,455,4221.5m $73.1m $73.1m 4.45% Added +1.4m +1,449,939
32 Betterment LLC 0.12% of their portfolio NEW YORK, NY 1,380,2431.4m $69.3m $69.3m 0.12% Reduced -84.8k -84,797
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,333,5661.3m $67.1m $67.1m 0.00% Added +441.4k +441,353
34 Arax Advisory Partners 0.43% of their portfolio NEW YORK, NY 1,303,5951.3m $65.5m $65.5m 0.43% Added +1.3m +1,298,333
35 Empowered Funds, LLC 0.33% of their portfolio NEWTOWN SQUARE, PA 1,258,2831.3m $62.3m $62.3m 0.33% Reduced -89.5k -89,482
36 Bleakley Financial Group, LLC 0.77% of their portfolio PARSIPPANY, NJ 1,209,7581.2m $60.8m $60.8m 0.77% Added +161.3k +161,309
37 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,193,0491.2m $59.9m $59.9m 0.01% Added +13.2k +13,158
38 OSAIC HOLDINGS, INC. 0.07% of their portfolio SCOTTSDALE, AZ 1,184,1971.2m $59.5m $59.5m 0.07% Added +253.5k +253,524
39 Garde Capital, Inc. 2.60% of their portfolio SEATTLE, WA 1,156,3781.2m $58.1m $58.1m 2.60% Added +55.7k +55,676
40 Cetera Investment Advisers 0.05% of their portfolio SCHAUMBURG, IL 1,146,3481.1m $57.6m $57.6m 0.05% Added +54.3k +54,301
41 Fairway Wealth LLC 4.73% of their portfolio INDEPENDENCE, OH 1,111,9311.1m $20.7m $20.7m 4.73% Added +7.8k +7,847
42 UBS Group AG 0.01% of their portfolio ZURICH, V8 1,062,4811.1m $53.4m $53.4m 0.01% Reduced -27.8k -27,786
43 Accredited Investors Inc. 2.20% of their portfolio EDINA, MN 1,014,3861.0m $51.0m $51.0m 2.20% New
44 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 964,393964.4k $48.4m $48.4m 0.01% Added +451.7k +451,742
45 TRUST CO OF VERMONT 1.69% of their portfolio BRATTLEBORO, VT 900,431900.4k $45.2m $45.2m 1.69% First filing
46 ALTFEST L J & CO INC 4.15% of their portfolio NEW YORK, NY 852,080852.1k $42.8m $42.8m 4.15% Reduced -152.6k -152,558
47 Pacific Sage Partners, LLC 5.79% of their portfolio EDMONDS, WA 809,759809.8k $40.7m $40.7m 5.79% Added +59.2k +59,248
48 MOLLER WEALTH PARTNERS 7.34% of their portfolio NORTHFIELD, IL 807,517807.5k $40.6m $40.6m 7.34% Added +24.1k +24,119
49 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 796,228796.2k $40.0m $40.0m 0.01% Added +84.8k +84,759
50 Leonard Rickey Investment Advisors P.L.L.C. 6.25% of their portfolio YAKIMA, WA 791,967792.0k $39.8m $39.8m 6.25% Added +74.7k +74,726
51 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 786,928786.9k $39.5m $39.5m 0.01% Reduced -12.2k -12,237
52 Financial Plan, Inc. 3.70% of their portfolio BELLINGHAM, WA 776,767776.8k $39.0m $39.0m 3.70% Added +96.3k +96,276
53 THOMPSON SIEGEL & WALMSLEY LLC 0.68% of their portfolio RICHMOND, VA 749,748749.7k $37.7m $37.7m 0.68% Added +93.5k +93,450
54 FINANCIAL CONSULATE, INC 4.13% of their portfolio HUNT VALLEY, MD 738,693738.7k $37.1m $37.1m 4.13% Added +32.7k +32,744
55 Ethos Capital Management, Inc. 25.60% of their portfolio NEWTOWN, PA 715,805715.8k $36.0m $36.0m 25.60% New
56 Beacon Capital Management, Inc. 2.17% of their portfolio DAYTON, OH 712,474712.5k $35.8m $35.8m 2.17% Reduced -620.6k -620,637
57 SILVER OAK WEALTH ADVISORS SERVICES, LLC 20.55% of their portfolio LOS ANGELES, CA 683,280683.3k $34.3m $34.3m 20.55% Added +54.5k +54,473
58 Cambridge Investment Research Advisors, Inc. 0.04% of their portfolio FAIRFIELD, IA 675,006675.0k $33.9m $33.9m 0.04% Added +361.5k +361,502
59 Marotta Asset Management 5.50% of their portfolio CHARLOTTESVILLE, VA 667,167667.2k $33.0m $33.0m 5.50% Added +11.0k +10,991
60 MERCER GLOBAL ADVISORS INC /ADV 0.04% of their portfolio DENVER, CO 661,676661.7k $33.2m $33.2m 0.04% Added +277.4k +277,435
61 Arlington Financial Advisors, LLC 4.17% of their portfolio SANTA BARBARA, CA 653,370653.4k $32.8m $32.8m 4.17% Added +62.4k +62,449
62 DEFINE FINANCIAL, LLC 14.87% of their portfolio SAN DIEGO, CA 644,675644.7k $32.4m $32.4m 14.87% Added +78.4k +78,434
63 Kestra Advisory Services, LLC 0.10% of their portfolio AUSTIN, TX 639,705639.7k $32.1m $32.1m 0.10% Added +451.7k +451,699
64 Stratos Investment Management, LLC 1.13% of their portfolio BEACHWOOD, OH 623,489623.5k $31.3m $31.3m 1.13% Added +15.2k +15,233
65 STIFEL FINANCIAL CORP 0.03% of their portfolio ST. LOUIS, MO 623,336623.3k $31.3m $31.3m 0.03% Added +283.1k +283,090
66 EP Wealth Advisors, LLC 0.12% of their portfolio TORRANCE, CA 617,814617.8k $31.0m $31.0m 0.12% Added +295.9k +295,895
67 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 600,890600.9k $30.2m $30.2m 0.01% Added +58.0k +58,039
68 NORTHWEST WEALTH MANAGEMENT, LLC 3.97% of their portfolio SPENCER, IA 599,305599.3k $30.1m $30.1m 3.97% Added +52.6k +52,588
69 Adventist Health System/ West 4.51% of their portfolio Roseville, CA 572,974573.0k $28.8m $28.8m 4.51% Unchanged
70 Cornerstone National Bank & Trust Co 9.22% of their portfolio PALATINE, IL 550,581550.6k $27.3m $27.3m 9.22% Reduced -69.6k -69,620
71 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio Toronto, A6 542,843542.8k $30.1m $30.1m 0.02% Reduced -313.3k -313,302
72 COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio WALTHAM, MA 525,001525.0k $26.4m $26.4m 0.03% Added +82.6k +82,614
73 Financial Solutions Advisory Group, Inc. 3.28% of their portfolio CHICAGO, IL 522,120522.1k $25.9m $25.9m 3.28% Reduced -21 -21
74 Alaska Permanent Capital Management, LLC 1.71% of their portfolio ANCHORAGE, AK 521,491521.5k $26.2m $26.2m 1.71% Added +15.6k +15,640
75 WEBSTER BANK, N. A. 2.25% of their portfolio WATERBURY, CT 516,076516.1k $25.9m $25.9m 2.25% Added +14.1k +14,091
76 AE Wealth Management LLC 0.12% of their portfolio TOPEKA, KS 514,454514.5k $25.8m $25.8m 0.12% Added +94.3k +94,300
77 VAN STRUM & TOWNE INC. 6.99% of their portfolio SAN FRANCISCO, CA 510,557510.6k $25.6m $25.6m 6.99% Added +13.5k +13,531
78 Schorn Wealth LLC 6.65% of their portfolio ENGLEWOOD, FL 506,031506.0k $25.4m $25.4m 6.65% Reduced -53 -53
79 Corient Private Wealth LP 0.03% of their portfolio MIAMI, FL 499,187499.2k $25.1m $25.1m 0.03% Reduced -72.7k -72,695
80 Deane Retirement Strategies, Inc. 10.55% of their portfolio NEW ORLEANS, LA 495,958496.0k $24.9m $24.9m 10.55% Added +112.9k +112,884
81 BENNINGFIELD FINANCIAL ADVISORS, LLC 16.23% of their portfolio SAN FRANCISCO, CA 436,245436.2k $21.9m $21.9m 16.23% Added +12.8k +12,782
82 FIFTH THIRD BANCORP 0.04% of their portfolio CINCINNATI, OH 434,677434.7k $21.8m $21.8m 0.04% Added +400.0k +400,017
83 Woodward Financial Advisors, Inc. 7.26% of their portfolio CHAPEL HILL, NC 432,340432.3k $21.7m $21.7m 7.26% First filing
84 Perigon Wealth Management, LLC 0.34% of their portfolio SAN FRANCISCO, CA 429,630429.6k $21.6m $21.6m 0.34% Added +42.4k +42,408
85 ProVise Management Group, LLC 1.44% of their portfolio CLEARWATER, FL 426,377426.4k $21.4m $21.4m 1.44% Added +10.0k +10,042
86 Burton Enright Welch 2.49% of their portfolio WALNUT CREEK, CA 422,683422.7k $21.2m $21.2m 2.49% Added +55.7k +55,712
87 Chemistry Wealth Management LLC 3.41% of their portfolio NEW YORK, NY 422,416422.4k $21.2m $21.2m 3.41% Added +55.5k +55,514
88 SWAN Capital LLC 7.26% of their portfolio PENSACOLA, FL 422,205422.2k $21.2m $21.2m 7.26% Added +39.8k +39,842
89 Goodman Financial Corp 3.27% of their portfolio HOUSTON, TX 421,313421.3k $21.2m $21.2m 3.27% Added +140.0k +140,038
90 MAYPORT, LLC 3.27% of their portfolio NEWTON, MA 420,360420.4k $21.1m $21.1m 3.27% Added +24.0k +24,012
91 SJS Investment Consulting Inc. 2.30% of their portfolio SYLVANIA, OH 420,192420.2k $21.1m $21.1m 2.30% Added +100.8k +100,777
92 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 418,059418.1k $21.0m $21.0m 0.01% Added +287.1k +287,148
93 NKCFO LLC 6.33% of their portfolio GENEVA, IL 415,950415.9k $20.9m $20.9m 6.33% Added +10.5k +10,500
94 Brickley Wealth Management 2.99% of their portfolio SAN MATEO, CA 414,646414.6k $20.8m $20.8m 2.99% Added +6.2k +6,159
95 MML INVESTORS SERVICES, LLC 0.04% of their portfolio SPRINGFIELD, MA 410,143410.1k $20.6m $20.6m 0.04% Added +76.2k +76,193
96 Atria Investments, Inc 0.20% of their portfolio Charlotte, NC 395,897395.9k $19.9m $19.9m 0.20% Added +189.8k +189,831
97 Sellwood Investment Partners LLC 6.99% of their portfolio PORTLAND, OR 394,459394.5k $19.8m $19.8m 6.99% Reduced -1.1k -1,142
98 Portland Global Advisors LLC 1.86% of their portfolio PORTLAND, ME 390,446390.4k $19.6m $19.6m 1.86% Added +2.9k +2,948
99 Glenview Trust Co 0.27% of their portfolio Louisville, KY 387,486387.5k $19.5m $19.5m 0.27% Added +48.0k +48,034
100 Nova R Wealth, Inc. 5.65% of their portfolio OVERLAND PARK, KS 385,525385.5k $19.4m $19.4m 5.65% Added +20.0k +20,006