Vault-13

VANGUARD BD INDEX FDS VUSB

VANGUARD ULTRA · ETP · CUSIP 92203C303

473 institutional holders +37 vs Q4 2025
92,365,39692.4m shares reported held*
$4.6bnreported value*
62 new 210 added 134 reduced 24 sold out net bought ≈ $988.5m (+20.1m 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 ($584.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.77.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 242Q4 22: 270Q1 23: 275Q2 23: 284Q3 23: 285Q4 23: 296Q1 24: 300Q2 24: 301Q3 24: 302Q4 24: 318Q1 25: 343Q2 25: 360Q3 25: 387Q4 25: 436Q1 26: 473473Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 2022242
Q4 2022270
Q1 2023275
Q2 2023284
Q3 2023285
Q4 2023296
Q1 2024300
Q2 2024301
Q3 2024302
Q4 2024318
Q1 2025343
Q2 2025360
Q3 2025387
Q4 2025436
Q1 2026473

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q2 24: 129 bought or addedQ2 24: 139 cut or sold outQ3 24: 130 bought or addedQ3 24: 139 cut or sold outQ3 24Q4 24: 137 bought or addedQ4 24: 133 cut or sold outQ1 25: 186 bought or addedQ1 25: 132 cut or sold outQ1 25Q2 25: 184 bought or addedQ2 25: 127 cut or sold outQ3 25: 214 bought or addedQ3 25: 136 cut or sold outQ3 25Q4 25: 245 bought or addedQ4 25: 128 cut or sold outQ1 26: 272 bought or addedQ1 26: 158 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024129139
Q3 2024130139
Q4 2024137133
Q1 2025186132
Q2 2025184127
Q3 2025214136
Q4 2025245128
Q1 2026272158

Biggest buyers

ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP New +8,806,000+8.8m
Kensington Asset Management, LLC Added +1,748,029+1.7m
Allspring Global Investments Holdings, LLC Added +892,730+892.7k
Clearstead Advisors, LLC New +881,609+881.6k
WELLS FARGO & COMPANY/MN Added +765,835+765.8k
CAPITAL ADVISORS INC/OK New +580,847+580.8k
LPL Financial LLC Added +515,238+515.2k
Advisory Services Network, LLC Added +380,544+380.5k
Capital Advantage, Inc. New +347,908+347.9k
CITADEL ADVISORS LLC New +319,608+319.6k

Biggest sellers

Fortis Advisors, LLC Reduced -313,503-313.5k
BANK OF AMERICA CORP /DE/ Reduced -269,857-269.9k
Thrivent Financial for Lutherans Sold out -166,321-166.3k
BANK OF MONTREAL /CAN/ Reduced -134,458-134.5k
Corient Private Wealth LP Reduced -111,141-111.1k
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Reduced -88,550-88.5k
MorganRosel Wealth Management, LLC Reduced -67,496-67.5k
HRT FINANCIAL LP Sold out -63,914-63.9k
Bramshill Investments, LLC Reduced -58,086-58.1k
GC Wealth Management RIA, LLC Sold out -55,151-55.2k

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.08% of their portfolio NEW YORK, NY 25,175,46325.2m $1.3bn $1.3bn 0.08% Added +97.6k +97,596
2 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 15.34% of their portfolio Altamonte Springs, FL 8,806,0008.8m $438.4m $438.4m 15.34% New
3 WELLS FARGO & COMPANY/MN 0.04% of their portfolio SAN FRANCISCO, CA 3,613,2923.6m $179.9m $179.9m 0.04% Added +765.8k +765,835
4 Bramshill Investments, LLC 13.30% of their portfolio NAPLES, FL 3,101,8843.1m $154.4m $154.4m 13.30% Reduced -58.1k -58,086
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 2,990,2933.0m $148.9m $148.9m 0.01% Reduced -269.9k -269,857
6 Kensington Asset Management, LLC 7.73% of their portfolio AUSTIN, TX 2,853,5972.9m $142.1m $142.1m 7.73% Added +1.7m +1,748,029
7 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,526,7862.5m $125.8m $125.8m 0.03% Added +515.2k +515,238
8 Blue Trust, Inc. 1.14% of their portfolio BRENTWOOD, TN 2,008,2092.0m $100.0m $100.0m 1.14% Added +63.2k +63,160
9 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 1,759,7401.8m $87.6m $87.6m 0.09% Added +141.0k +141,018
10 Avion Wealth 14.74% of their portfolio THE WOODLANDS, TX 1,431,9501.4m $71.3m $71.3m 14.74% Added +121.8k +121,797
11 Wharton Business Group, LLC 2.68% of their portfolio MALVERN, PA 1,424,2041.4m $70.9m $70.9m 2.68% Added +5.7k +5,670
12 Pacific Center for Financial Services 14.19% of their portfolio DANVILLE, CA 1,123,7991.1m $55.9m $55.9m 14.19% Added +122.0k +121,962
13 Allspring Global Investments Holdings, LLC 0.07% of their portfolio CHARLOTTE, NC 893,268893.3k $44.3m $44.3m 0.07% Added +892.7k +892,730
14 Clearstead Advisors, LLC 0.40% of their portfolio CLEVELAND, OH 881,609881.6k $43.8m $43.8m 0.40% New
15 Charter Oak Capital Management, LLC 3.37% of their portfolio PORTSMOUTH, NH 872,856872.9k $43.5m $43.5m 3.37% Added +294.4k +294,373
16 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 833,617833.6k $41.5m $41.5m 0.01% Added +138.3k +138,315
17 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 696,300696.3k $34.7m $34.7m 0.01% Added +251.9k +251,914
18 Red Wave Investments LLC 9.82% of their portfolio DILLSBURG, PA 660,081660.1k $32.9m $32.9m 9.82% Added +6.3k +6,343
19 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 646,922646.9k $32.2m $32.2m 0.04% Added +119.6k +119,588
20 CAPITAL ADVISORS INC/OK 0.46% of their portfolio TULSA, OK 580,847580.8k $28.9m $28.9m 0.46% New
21 Fortitude Advisory Group L.L.C. 12.29% of their portfolio GIG HARBOR, WA 548,519548.5k $27.3m $27.3m 12.29% Added +40.2k +40,232
22 55 North Private Wealth, LLC 6.72% of their portfolio WINTER PARK, FL 527,010527.0k $26.2m $26.2m 6.72% Added +10.1k +10,095
23 Waverly Advisors, LLC 0.19% of their portfolio BIRMINGHAM, AL 521,180521.2k $25.9m $25.9m 0.19% Added +112.0k +112,050
24 RAFFA WEALTH MANAGEMENT, LLC 3.85% of their portfolio WASHINGTON, DC 495,682495.7k $24.7m $24.7m 3.85% Added +40.7k +40,729
25 Fonville Wealth Management LLC 4.69% of their portfolio RICHMOND, VA 494,490494.5k $24.6m $24.6m 4.69% Added +11.6k +11,608
26 Alpha Omega Wealth Management LLC 3.97% of their portfolio RICHMOND, VA 491,571491.6k $24.5m $24.5m 3.97% Added +11.0k +11,047
27 MML INVESTORS SERVICES, LLC 0.07% of their portfolio SPRINGFIELD, MA 481,143481.1k $24.0m $24.0m 0.07% Added +451 +451
28 Spectrum Asset Management, Inc. (NB/CA) 7.38% of their portfolio NEWPORT BEACH, CA 466,556466.6k $23.2m $23.2m 7.38% Added +14.2k +14,161
29 Advisory Services Network, LLC 0.31% of their portfolio ATLANTA, GA 463,552463.6k $23.1m $23.1m 0.31% Added +380.5k +380,544
30 Global Wealth Management, LLC 11.95% of their portfolio KINGSTON, NJ 440,250440.2k $21.9m $21.9m 11.95% Added +61.2k +61,180
31 LOWE BROCKENBROUGH & CO INC 1.08% of their portfolio RICHMOND, VA 435,003435.0k $21.7m $21.7m 1.08% Added +26.3k +26,285
32 TITLEIST ASSET MANAGEMENT, LLC 1.56% of their portfolio SAN ANTONIO, TX 416,126416.1k $20.7m $20.7m 1.56% Added +59.1k +59,103
33 NKCFO LLC 5.96% of their portfolio GENEVA, IL 403,600403.6k $20.1m $20.1m 5.96% Added +34.4k +34,350
34 Eagle Capital Management, LLC 7.65% of their portfolio MANDEVILLE, LA 389,904389.9k $19.4m $19.4m 7.65% Reduced -17.8k -17,805
35 M Holdings Securities, Inc. 1.27% of their portfolio PORTLAND, OR 378,989379.0k $18.8m $18.8m 1.27% Added +256.2k +256,234
36 Coyle Financial Counsel LLC 3.90% of their portfolio Glenview, IL 369,912369.9k $18.4m $18.4m 3.90% Added +7.9k +7,948
37 OSAIC HOLDINGS, INC. 0.03% of their portfolio SCOTTSDALE, AZ 365,235365.2k $18.2m $18.2m 0.03% Added +78.2k +78,246
38 David Kennon Inc 6.43% of their portfolio SARASOTA, FL 360,196360.2k $17.9m $17.9m 6.43% Reduced -32.1k -32,090
39 Capital Advantage, Inc. 2.26% of their portfolio Walnut Creek, CA 347,908347.9k $17.3m $17.3m 2.26% New
40 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 346,011346.0k $17.2m $17.2m 0.02% Added +43.4k +43,363
41 Valtinson Bruner Financial Planning LLC 4.66% of their portfolio NEW BRIGHTON, MN 340,381340.4k $16.9m $16.9m 4.66% Reduced -4.3k -4,266
42 HORIZON KINETICS ASSET MANAGEMENT LLC 0.18% of their portfolio NEW YORK, NY 339,054339.1k $16.9m $16.9m 0.18% Reduced -3.5k -3,488
43 Calder Financial LLC 16.27% of their portfolio DOWNINGTOWN, PA 330,287330.3k $16.4m $16.4m 16.27% Reduced -580 -580
44 TruWealth Advisors, LLC 0.78% of their portfolio Metairie, LA 326,580326.6k $16.3m $16.3m 0.78% Added +44.0k +44,019
45 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 319,608319.6k $15.9m $15.9m 0.01% New
46 IHT Wealth Management, LLC 0.37% of their portfolio Chicago, IL 312,143312.1k $15.5m $15.5m 0.37% Added +187.7k +187,745
47 McClarren Financial Advisors, Inc. 9.13% of their portfolio STATE COLLEGE, PA 309,795309.8k $15.4m $15.4m 9.13% Added +230.0k +229,986
48 AE Wealth Management LLC 0.08% of their portfolio TOPEKA, KS 305,294305.3k $15.2m $15.2m 0.08% Added +119.6k +119,572
49 ECLECTIC ASSOCIATES INC /ADV 2.02% of their portfolio FULLERTON, CA 305,236305.2k $15.2m $15.2m 2.02% Added +94.8k +94,780
50 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 301,213301.2k $15.0m $15.0m 0.02% Added +84.3k +84,320
51 BlueChip Wealth Advisors LLC 6.47% of their portfolio Milton, GA 295,906295.9k $14.7m $14.7m 6.47% Added +57.6k +57,641
52 Mariner, LLC 0.02% of their portfolio Overland Park, KS 276,542276.5k $13.8m $13.8m 0.02% Added +143.5k +143,542
53 OneDigital Investment Advisors LLC 0.13% of their portfolio OVERLAND PARK, KS 272,834272.8k $13.6m $13.6m 0.13% Reduced -10.8k -10,776
54 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 271,655271.7k $13.5m $13.5m 0.05% Added +9.3k +9,264
55 Chicago Partners Investment Group LLC 0.29% of their portfolio CHICAGO, IL 264,935264.9k $13.2m $13.2m 0.29% Added +137.4k +137,406
56 FOUNDERS GROVE WEALTH PARTNERS, LLC 2.98% of their portfolio RICHMOND, VA 263,552263.6k $13.1m $13.1m 2.98% Added +17.6k +17,634
57 Mesirow Financial Investment Management, Inc. 0.21% of their portfolio CHICAGO, IL 260,296260.3k $13.0m $13.0m 0.21% Added +123.5k +123,470
58 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 257,480257.5k $12.8m $12.8m 0.01% New
59 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 256,491256.5k $12.8m $12.8m 0.02% Reduced -22.2k -22,242
60 Blom & Howell Financial Planning, Inc. 12.38% of their portfolio MODESTO, CA 253,177253.2k $12.6m $12.6m 12.38% Reduced -27.9k -27,918
61 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 247,177247.2k $12.3m $12.3m 0.01% Reduced -20.3k -20,335
62 CFO4Life Group, LLC 1.86% of their portfolio COPPELL, TX 244,431244.4k $12.2m $12.2m 1.86% Reduced -51.7k -51,671
63 KITCHING PARTNERS, LLC 10.90% of their portfolio CONSHOHOCKEN, PA 237,944237.9k $11.8m $11.8m 10.90% Added +17.5k +17,485
64 Colony Family Offices, LLC 2.90% of their portfolio CHARLOTTE, NC 236,582236.6k $11.8m $11.8m 2.90% Reduced -13.1k -13,110
65 CWC Advisors, LLC. 5.56% of their portfolio LAKE OSWEGO, OR 234,837234.8k $11.7m $11.7m 5.56% Added +135.2k +135,176
66 Leeward Financial Partners, LLC 3.27% of their portfolio Bellevue, WA 221,038221.0k $11.0m $11.0m 3.27% Added +64.7k +64,700
67 HARBOUR INVESTMENT MANAGEMENT LLC 5.68% of their portfolio EDMONDS, WA 210,161210.2k $10.5m $10.5m 5.68% Added +68.5k +68,546
68 ZAZOVE ASSOCIATES LLC 0.47% of their portfolio INCLINE VILLAGE, NV 200,000200.0k $10.0m $10.0m 0.47% Added +100.0k +100,000
69 SpringVest Wealth Management LLC 6.79% of their portfolio DALLAS, TX 199,806199.8k $9.9m $9.9m 6.79% Reduced -3.9k -3,910
70 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 196,931196.9k $9.8m $9.8m 0.02% Reduced -88.5k -88,550
71 HTG Investment Advisors, Inc. 2.75% of their portfolio NEW CANAAN, CT 193,730193.7k $9.6m $9.6m 2.75% Added +70.5k +70,548
72 KEYNOTE FINANCIAL SERVICES LLC 4.70% of their portfolio VERNON, CT 177,582177.6k $8.8m $8.8m 4.70% Added +30.4k +30,368
73 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 174,017174.0k $8.7m $8.7m 0.02% Added +4.1k +4,144
74 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 172,722172.7k $8.6m $8.6m 0.02% Reduced -1.9k -1,924
75 NVWM, LLC 1.83% of their portfolio YARDLEY, PA 164,962165.0k $8.2m $8.2m 1.83% Added +7.6k +7,603
76 Warwick Investment Management, Inc. 1.18% of their portfolio BRYAN, TX 163,530163.5k $8.1m $8.1m 1.18% Added +108.2k +108,238
77 Rothschild Wealth LLC 0.74% of their portfolio OAK BROOK, IL 163,434163.4k $8.1m $8.1m 0.74% Reduced -24.8k -24,783
78 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 162,850162.8k $8.1m $8.1m 0.00% Reduced -26.6k -26,561
79 Crews Bank & Trust 1.14% of their portfolio PORT CHARLOTTE, FL 157,446157.4k $7.8m $7.8m 1.14% Added +24.1k +24,145
80 Apella Capital, LLC 0.12% of their portfolio WEST HARTFORD, CT 155,608155.6k $7.8m $7.8m 0.12% Reduced -3.7k -3,665
81 EVERETT HARRIS & CO /CA/ 0.09% of their portfolio LOS ANGELES, CA 147,250147.2k $7.3m $7.3m 0.09% Added +7.8k +7,850
82 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 147,088147.1k $7.3m $7.3m 0.04% Added +4.5k +4,514
83 Spectrum Planning & Advisory Services Inc. 3.50% of their portfolio SAN DIEGO, CA 142,021142.0k $7.1m $7.1m 3.50% New
84 Signature Wealth Management Group 2.68% of their portfolio ATLANTA, GA 141,911141.9k $7.1m $7.1m 2.68% Reduced -1.9k -1,945
85 DeLarme Wealth Management, Inc. 4.28% of their portfolio PALOS VERDES ESTATES, CA 133,611133.6k $6.7m $6.7m 4.28% Added +3.8k +3,832
86 FOUNDERS FINANCIAL SECURITIES LLC 0.37% of their portfolio TOWSON, MD 131,410131.4k $6.5m $6.5m 0.37% Added +22.9k +22,925
87 Harpswell Capital Advisors, LLC 4.84% of their portfolio YARMOUTH, ME 130,455130.5k $6.5m $6.5m 4.84% Added +48.3k +48,327
88 Beaumont Asset Management, L.L.C. 2.89% of their portfolio BEAUMONT, TX 128,881128.9k $6.4m $6.4m 2.89% New
89 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 119,537119.5k $6.0m $6.0m 0.01% Reduced -111.1k -111,141
90 Tower Research Capital LLC (TRC) 0.15% of their portfolio NEW YORK, NY 119,216119.2k $5.9m $5.9m 0.15% New
91 Evanson Asset Management, LLC 0.32% of their portfolio CARMEL, CA 118,370118.4k $5.9m $5.9m 0.32% Added +38.8k +38,774
92 Pine Harbor Wealth Management, LLC 1.75% of their portfolio FAIRFAX, VA 117,622117.6k $5.9m $5.9m 1.75% Added +5.8k +5,845
93 VERUS CAPITAL PARTNERS, LLC 0.40% of their portfolio SCOTTSDALE, AZ 117,388117.4k $5.8m $5.8m 0.40% Added +18.6k +18,572
94 NICOLET BANKSHARES INC 0.21% of their portfolio GREEN BAY, WI 116,901116.9k $5.8m $5.8m 0.21% New
95 49 WEALTH MANAGEMENT, LLC 0.42% of their portfolio AUSTIN, TX 113,737113.7k $5.7m $5.7m 0.42% New
96 Capital Analysts, LLC 0.15% of their portfolio FORT WASHINGTON, PA 112,231112.2k $5.6m $5.6m 0.15% Reduced -14.8k -14,755
97 Relyea Zuckerberg Hanson LLC 0.54% of their portfolio STAMFORD, CT 108,095108.1k $5.4m $5.4m 0.54% Added +15.2k +15,189
98 Paragon Private Wealth Management, LLC 1.62% of their portfolio LEXINGTON, KY 104,030104.0k $5.2m $5.2m 1.62% Added +6.2k +6,163
99 Fischer Financial Services, Inc. 1.73% of their portfolio HARRISBURG, PA 103,520103.5k $5.2m $5.2m 1.73% Added +1.6k +1,620
100 SALEM INVESTMENT COUNSELORS INC 0.15% of their portfolio WINSTON-SALEM, NC 102,736102.7k $5.1m $5.1m 0.15% Added +497 +497