Vault-13

VANGUARD BD INDEX FDS VUSB

VANGUARD ULTRA · ETP · CUSIP 92203C303

489 institutional holders +16 vs Q1 2026
89,290,28289.3m shares reported held*
$4.4bnreported value*
47 new 218 added 141 reduced 28 sold out net sold ≈ $91.6m (-1.8m 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 ($3.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $49.78.

Trends to Q2 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: 473Q2 26: 489489Q3 22Q3 23Q3 24Q3 25Q2 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
Q2 2026489

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 130 bought or addedQ3 24: 139 cut or sold outQ4 24: 137 bought or addedQ4 24: 133 cut or sold outQ4 24Q1 25: 186 bought or addedQ1 25: 132 cut or sold outQ2 25: 184 bought or addedQ2 25: 127 cut or sold outQ2 25Q3 25: 214 bought or addedQ3 25: 136 cut or sold outQ4 25: 245 bought or addedQ4 25: 128 cut or sold outQ4 25Q1 26: 272 bought or addedQ1 26: 158 cut or sold outQ2 26: 265 bought or addedQ2 26: 169 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024130139
Q4 2024137133
Q1 2025186132
Q2 2025184127
Q3 2025214136
Q4 2025245128
Q1 2026272158
Q2 2026265169

Biggest buyers

Kensington Asset Management, LLC Added +1,271,900+1.3m
MERCER GLOBAL ADVISORS INC /ADV Added +976,365+976.4k
DMKC Advisory Services, LLC Added +811,866+811.9k
Arax Advisory Partners New +398,105+398.1k
Waverly Advisors, LLC Added +396,705+396.7k
MML INVESTORS SERVICES, LLC Added +376,122+376.1k
Warwick Investment Management, Inc. Added +298,509+298.5k
Private Advisor Group, LLC Added +296,472+296.5k
BANK OF AMERICA CORP /DE/ Added +254,450+254.4k
HighTower Advisors, LLC Added +216,708+216.7k

Biggest sellers

ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP Reduced -5,092,509-5.1m
Allspring Global Investments Holdings, LLC Sold out -893,268-893.3k
Clearstead Advisors, LLC Reduced -730,323-730.3k
CAPITAL ADVISORS INC/OK Sold out -580,847-580.8k
Blue Trust, Inc. Reduced -449,735-449.7k
JPMORGAN CHASE & CO Reduced -400,776-400.8k
IHT Wealth Management, LLC Reduced -307,044-307.0k
JANE STREET GROUP, LLC Sold out -257,480-257.5k
RAYMOND JAMES FINANCIAL INC Reduced -238,562-238.6k
ROYAL BANK OF CANADA Reduced -212,675-212.7k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.07% of their portfolio NEW YORK, NY 24,774,68724.8m $1.2bn $1.2bn 0.07% Reduced -400.8k -400,776
2 Kensington Asset Management, LLC 11.20% of their portfolio AUSTIN, TX 4,125,4974.1m $205.4m $205.4m 11.20% Added +1.3m +1,271,900
3 ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP 5.93% of their portfolio Altamonte Springs, FL 3,713,4913.7m $184.9m $184.9m 5.93% Reduced -5.1m -5,092,509
4 WELLS FARGO & COMPANY/MN 0.03% of their portfolio SAN FRANCISCO, CA 3,678,3473.7m $183.1m $183.1m 0.03% Added +65.1k +65,055
5 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,244,7433.2m $161.5m $161.5m 0.01% Added +254.4k +254,450
6 Bramshill Investments, LLC 11.85% of their portfolio NAPLES, FL 3,112,9423.1m $155.0m $155.0m 11.85% Added +11.1k +11,058
7 LPL Financial LLC 0.03% of their portfolio FORT MILL, SC 2,625,5172.6m $130.7m $130.7m 0.03% Added +98.7k +98,731
8 HighTower Advisors, LLC 0.09% of their portfolio CHICAGO, IL 1,976,4482.0m $98.4m $98.4m 0.09% Added +216.7k +216,708
9 Blue Trust, Inc. 0.81% of their portfolio BRENTWOOD, TN 1,558,4741.6m $77.6m $77.6m 0.81% Reduced -449.7k -449,735
10 Avion Wealth 13.88% of their portfolio THE WOODLANDS, TX 1,498,2381.5m $74.6m $74.6m 13.88% Added +66.3k +66,288
11 Wharton Business Group, LLC 2.39% of their portfolio MALVERN, PA 1,437,7411.4m $71.6m $71.6m 2.39% Added +13.5k +13,537
12 Pacific Center for Financial Services 13.58% of their portfolio DANVILLE, CA 1,222,3871.2m $60.9m $60.9m 13.58% Added +98.6k +98,588
13 MERCER GLOBAL ADVISORS INC /ADV 0.06% of their portfolio DENVER, CO 987,814987.8k $49.2m $49.2m 0.06% Added +976.4k +976,365
14 Waverly Advisors, LLC 0.27% of their portfolio BIRMINGHAM, AL 917,885917.9k $45.7m $45.7m 0.27% Added +396.7k +396,705
15 MML INVESTORS SERVICES, LLC 0.09% of their portfolio SPRINGFIELD, MA 857,265857.3k $42.7m $42.7m 0.09% Added +376.1k +376,122
16 DMKC Advisory Services, LLC 7.69% of their portfolio DES MOINES, IA 817,806817.8k $40.7m $40.7m 7.69% Added +811.9k +811,866
17 COMMONWEALTH EQUITY SERVICES, LLC 0.04% of their portfolio WALTHAM, MA 673,738673.7k $33.5m $33.5m 0.04% Added +26.8k +26,816
18 Red Wave Investments LLC 8.24% of their portfolio DILLSBURG, PA 651,243651.2k $32.4m $32.4m 8.24% Reduced -8.8k -8,838
19 55 North Private Wealth, LLC 6.34% of their portfolio WINTER PARK, FL 646,795646.8k $32.2m $32.2m 6.34% Added +119.8k +119,785
20 RAFFA WEALTH MANAGEMENT, LLC 3.91% of their portfolio WASHINGTON, DC 622,737622.7k $31.0m $31.0m 3.91% Added +127.1k +127,055
21 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 595,055595.1k $29.6m $29.6m 0.01% Reduced -238.6k -238,562
22 Fortitude Advisory Group L.L.C. 10.21% of their portfolio GIG HARBOR, WA 536,537536.5k $26.7m $26.7m 10.21% Reduced -12.0k -11,982
23 Fonville Wealth Management LLC 4.14% of their portfolio RICHMOND, VA 509,593509.6k $25.4m $25.4m 4.14% Added +15.1k +15,103
24 Mariner, LLC 0.03% of their portfolio Overland Park, KS 491,335491.3k $24.5m $24.5m 0.03% Added +214.8k +214,793
25 Spectrum Asset Management, Inc. (NB/CA) 6.74% of their portfolio NEWPORT BEACH, CA 487,873487.9k $24.3m $24.3m 6.74% Added +21.3k +21,317
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 483,625483.6k $24.1m $24.1m 0.00% Reduced -212.7k -212,675
27 Alpha Omega Wealth Management LLC 3.64% of their portfolio RICHMOND, VA 479,829479.8k $23.9m $23.9m 3.64% Reduced -11.7k -11,742
28 Advisory Services Network, LLC 0.27% of their portfolio ATLANTA, GA 467,995468.0k $23.3m $23.3m 0.27% Added +4.4k +4,443
29 Warwick Investment Management, Inc. 2.58% of their portfolio BRYAN, TX 462,039462.0k $23.0m $23.0m 2.58% Added +298.5k +298,509
30 HORIZON KINETICS ASSET MANAGEMENT LLC 0.26% of their portfolio NEW YORK, NY 461,108461.1k $23.0m $23.0m 0.26% Added +122.1k +122,054
31 Global Wealth Management, LLC 11.42% of their portfolio KINGSTON, NJ 450,535450.5k $22.4m $22.4m 11.42% Added +10.3k +10,285
32 LOWE BROCKENBROUGH & CO INC 0.98% of their portfolio RICHMOND, VA 443,065443.1k $22.1m $22.1m 0.98% Added +8.1k +8,062
33 NKCFO LLC 6.27% of their portfolio GENEVA, IL 415,500415.5k $20.7m $20.7m 6.27% Added +11.9k +11,900
34 TITLEIST ASSET MANAGEMENT, LLC 1.38% of their portfolio SAN ANTONIO, TX 412,804412.8k $20.5m $20.5m 1.38% Reduced -3.3k -3,322
35 Capital Advantage, Inc. 2.50% of their portfolio Walnut Creek, CA 412,453412.5k $20.5m $20.5m 2.50% Added +64.5k +64,545
36 Arax Advisory Partners 0.13% of their portfolio NEW YORK, NY 398,105398.1k $19.8m $19.8m 0.13% New
37 OSAIC HOLDINGS, INC. 0.02% of their portfolio SCOTTSDALE, AZ 394,208394.2k $19.6m $19.6m 0.02% Added +29.0k +28,973
38 ECLECTIC ASSOCIATES INC /ADV 2.22% of their portfolio FULLERTON, CA 391,076391.1k $19.5m $19.5m 2.22% Added +85.8k +85,840
39 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 390,993391.0k $19.5m $19.5m 0.02% Added +89.8k +89,780
40 Chicago Partners Investment Group LLC 0.39% of their portfolio CHICAGO, IL 389,449389.4k $19.3m $19.3m 0.39% Added +124.5k +124,514
41 STIFEL FINANCIAL CORP 0.02% of their portfolio ST. LOUIS, MO 381,045381.0k $19.0m $19.0m 0.02% Added +35.0k +35,034
42 Coyle Financial Counsel LLC 3.44% of their portfolio Glenview, IL 378,923378.9k $18.9m $18.9m 3.44% Added +9.0k +9,011
43 Eagle Capital Management, LLC 6.38% of their portfolio MANDEVILLE, LA 375,569375.6k $18.7m $18.7m 6.38% Reduced -14.3k -14,335
44 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 363,972364.0k $18.1m $18.1m 0.02% Added +190.0k +189,955
45 M Holdings Securities, Inc. 2.47% of their portfolio PORTLAND, OR 363,073363.1k $18.1m $18.1m 2.47% Reduced -15.9k -15,916
46 David Kennon Inc 5.83% of their portfolio SARASOTA, FL 354,232354.2k $17.6m $17.6m 5.83% Reduced -6.0k -5,964
47 Valtinson Bruner Financial Planning LLC 4.13% of their portfolio NEW BRIGHTON, MN 331,292331.3k $16.5m $16.5m 4.13% Reduced -9.1k -9,089
48 McClarren Financial Advisors, Inc. 8.51% of their portfolio STATE COLLEGE, PA 330,616330.6k $16.5m $16.5m 8.51% Added +20.8k +20,821
49 Calder Financial LLC 15.05% of their portfolio DOWNINGTOWN, PA 320,831320.8k $16.0m $16.0m 15.05% Reduced -9.5k -9,456
50 Kestra Advisory Services, LLC 0.05% of their portfolio AUSTIN, TX 314,954315.0k $15.7m $15.7m 0.05% Added +43.3k +43,299
51 Private Advisor Group, LLC 0.07% of their portfolio MORRISTOWN, NJ 306,950306.9k $15.3m $15.3m 0.07% Added +296.5k +296,472
52 FOUNDERS GROVE WEALTH PARTNERS, LLC 2.86% of their portfolio RICHMOND, VA 287,484287.5k $14.3m $14.3m 2.86% Added +23.9k +23,932
53 BlueChip Wealth Advisors LLC 5.36% of their portfolio Milton, GA 284,062284.1k $14.1m $14.1m 5.36% Reduced -11.8k -11,844
54 Mesirow Financial Investment Management, Inc. 0.21% of their portfolio CHICAGO, IL 272,316272.3k $13.6m $13.6m 0.21% Added +12.0k +12,020
55 AE Wealth Management LLC 0.06% of their portfolio TOPEKA, KS 271,284271.3k $13.5m $13.5m 0.06% Reduced -34.0k -34,010
56 HTG Investment Advisors, Inc. 3.45% of their portfolio NEW CANAAN, CT 270,624270.6k $13.5m $13.5m 3.45% Added +76.9k +76,894
57 OneDigital Investment Advisors LLC 0.11% of their portfolio OVERLAND PARK, KS 267,282267.3k $13.3m $13.3m 0.11% Reduced -5.6k -5,552
58 CAPTRUST FINANCIAL ADVISORS 0.02% of their portfolio RALEIGH, NC 261,833261.8k $13.0m $13.0m 0.02% Added +5.3k +5,342
59 Colony Family Offices, LLC 2.82% of their portfolio CHARLOTTE, NC 257,677257.7k $12.8m $12.8m 2.82% Added +21.1k +21,095
60 KITCHING PARTNERS, LLC 10.55% of their portfolio CONSHOHOCKEN, PA 246,697246.7k $12.3m $12.3m 10.55% Added +8.8k +8,753
61 CWC Advisors, LLC. 5.24% of their portfolio LAKE OSWEGO, OR 237,265237.3k $11.8m $11.8m 5.24% Added +2.4k +2,428
62 HARBOUR INVESTMENT MANAGEMENT LLC 6.08% of their portfolio EDMONDS, WA 236,587236.6k $11.8m $11.8m 6.08% Added +26.4k +26,426
63 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 220,176220.2k $11.0m $11.0m 0.01% Reduced -27.0k -27,001
64 CFO4Life Group, LLC 1.47% of their portfolio COPPELL, TX 219,320219.3k $10.9m $10.9m 1.47% Reduced -25.1k -25,111
65 Blom & Howell Financial Planning, Inc. 8.29% of their portfolio MODESTO, CA 199,993200.0k $10.0m $10.0m 8.29% Reduced -53.2k -53,184
66 KEYNOTE FINANCIAL SERVICES LLC 4.39% of their portfolio VERNON, CT 188,323188.3k $9.4m $9.4m 4.39% Added +10.7k +10,741
67 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 182,577182.6k $9.1m $9.1m 0.02% Reduced -14.4k -14,354
68 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 181,284181.3k $9.0m $9.0m 0.00% Added +18.4k +18,434
69 Spectrum Planning & Advisory Services Inc. 3.99% of their portfolio SAN DIEGO, CA 179,021179.0k $8.9m $8.9m 3.99% Added +37.0k +37,000
70 SpringVest Wealth Management LLC 5.58% of their portfolio DALLAS, TX 178,099178.1k $8.9m $8.9m 5.58% Reduced -21.7k -21,707
71 WEALTHSPAN PARTNERS, LLC 2.78% of their portfolio DAVENPORT, IA 177,091177.1k $8.8m $8.8m 2.78% Added +85.1k +85,070
72 Schulz Wealth, LTD. 4.49% of their portfolio MANSFIELD, TX 174,683174.7k $8.7m $8.7m 4.49% First filing
73 Crews Bank & Trust 1.05% of their portfolio PORT CHARLOTTE, FL 161,976162.0k $8.1m $8.1m 1.05% Added +4.5k +4,530
74 BLAIR WILLIAM & CO/IL 0.02% of their portfolio CHICAGO, IL 158,180158.2k $7.9m $7.9m 0.02% Reduced -14.5k -14,542
75 Steward Partners Investment Advisory, LLC 0.04% of their portfolio STAMFORD, CT 155,431155.4k $7.7m $7.7m 0.04% Added +8.3k +8,343
76 Apella Capital, LLC 0.11% of their portfolio WEST HARTFORD, CT 154,909154.9k $7.7m $7.7m 0.11% Reduced -699 -699
77 Clearstead Advisors, LLC 0.07% of their portfolio CLEVELAND, OH 151,286151.3k $7.5m $7.5m 0.07% Reduced -730.3k -730,323
78 Rothschild Wealth LLC 0.57% of their portfolio OAK BROOK, IL 142,830142.8k $7.1m $7.1m 0.57% Reduced -20.6k -20,604
79 Lebenthal Global Advisors, LLC 0.95% of their portfolio Hauppauge, NY 141,174141.2k $7.0m $7.0m 0.95% Added +83.8k +83,758
80 Valmark Advisers, Inc. 0.07% of their portfolio AKRON, OH 140,948140.9k $7.0m $7.0m 0.07% Added +65.3k +65,320
81 DeLarme Wealth Management, Inc. 4.03% of their portfolio PALOS VERDES ESTATES, CA 139,499139.5k $6.9m $6.9m 4.03% Added +5.9k +5,888
82 Evanson Financial, LLC 0.33% of their portfolio MCLEAN, VA 136,854136.9k $6.8m $6.8m 0.33% First filing
83 NVWM, LLC 1.36% of their portfolio YARDLEY, PA 135,343135.3k $6.7m $6.7m 1.36% Reduced -29.6k -29,619
84 Beaumont Asset Management, L.L.C. 2.57% of their portfolio BEAUMONT, TX 132,982133.0k $6.6m $6.6m 2.57% Added +4.1k +4,101
85 Harpswell Capital Advisors, LLC 4.14% of their portfolio YARMOUTH, ME 129,713129.7k $6.5m $6.5m 4.14% Reduced -742 -742
86 NICOLET BANKSHARES INC 0.19% of their portfolio GREEN BAY, WI 122,424122.4k $6.1m $6.1m 0.19% Added +5.5k +5,523
87 ADVISORY RESEARCH INC 0.60% of their portfolio CHICAGO, IL 120,152120.2k $6.0m $6.0m 0.60% Added +38.2k +38,232
88 FOUNDERS FINANCIAL SECURITIES LLC 0.30% of their portfolio TOWSON, MD 118,507118.5k $5.9m $5.9m 0.30% Reduced -12.9k -12,903
89 Pine Harbor Wealth Management, LLC 1.57% of their portfolio FAIRFAX, VA 117,705117.7k $5.9m $5.9m 1.57% Added +83 +83
90 MorganRosel Wealth Management, LLC 1.97% of their portfolio HIGHLANDS RANCH, CO 117,316117.3k $5.8m $5.8m 1.97% Added +16.5k +16,530
91 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 115,752115.8k $5.8m $5.8m 0.00% Reduced -203.9k -203,856
92 ASPIRIANT, LLC 0.14% of their portfolio San Francisco, CA 115,081115.1k $5.7m $5.7m 0.14% Added +29.5k +29,476
93 VERUS CAPITAL PARTNERS, LLC 0.30% of their portfolio SCOTTSDALE, AZ 112,822112.8k $5.6m $5.6m 0.30% Reduced -4.6k -4,566
94 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 112,462112.5k $5.6m $5.6m 0.01% Added +27.1k +27,060
95 Integrated Wealth Concepts LLC 0.03% of their portfolio WALTHAM, MA 110,862110.9k $5.5m $5.5m 0.03% Added +55.0k +54,989
96 Capital Analysts, LLC 0.13% of their portfolio FORT WASHINGTON, PA 110,161110.2k $5.5m $5.5m 0.13% Reduced -2.1k -2,070
97 Fischer Financial Services, Inc. 1.36% of their portfolio HARRISBURG, PA 108,520108.5k $5.4m $5.4m 1.36% Added +5.0k +5,000
98 Corient Private Wealth LP 0.01% of their portfolio MIAMI, FL 106,833106.8k $5.3m $5.3m 0.01% Reduced -12.7k -12,704
99 Leeward Financial Partners, LLC 1.38% of their portfolio Bellevue, WA 105,776105.8k $5.3m $5.3m 1.38% Reduced -115.3k -115,262
100 Clear Creek Financial Management, LLC 0.34% of their portfolio SILVERDALE, WA 105,720105.7k $5.3m $5.3m 0.34% New