Vault-13

VANGUARD MUN BD FDS VTEL

LONG TERM TAX EX · ETP · CUSIP 922907688

38 institutional holders +9 vs Q1 2026
814,654814.7k shares reported held*
$85.8mreported value*
9 new 15 added 8 reduced 2 sold out net bought ≈ $11.3m (+107.5k 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. Holder counts are more reliable. Implied quarter-end price ≈ $105.30.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q2 25: 2Q3 25: 11Q4 25: 18Q1 26: 29Q2 26: 3838Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 20252
Q3 202511
Q4 202518
Q1 202629
Q2 202638

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 25: 10 bought or addedQ3 25: 1 cut or sold outQ3 25Q4 25: 14 bought or addedQ4 25: 3 cut or sold outQ4 25Q1 26: 23 bought or addedQ1 26: 6 cut or sold outQ1 26Q2 26: 24 bought or addedQ2 26: 10 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2025101
Q4 2025143
Q1 2026236
Q2 20262410

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +33,638+33.6k
ABLE Financial Group, LLC Added +26,948+26.9k
ASPIRIANT, LLC New +13,675+13.7k
Diversified Portfolios, Inc. New +10,275+10.3k
Blume Capital Management, Inc. New +9,000+9.0k
LPL Financial LLC New +6,880+6.9k
JPMORGAN CHASE & CO New +6,363+6.4k
CITADEL ADVISORS LLC Added +6,233+6.2k
HighTower Advisors, LLC Added +5,859+5.9k
Savvy Advisors, Inc. Added +5,058+5.1k

Biggest sellers

JANE STREET GROUP, LLC Reduced -28,571-28.6k
HRT FINANCIAL LP Sold out -3,135-3.1k
Gateway Wealth Partners, LLC Reduced -2,316-2.3k
OSAIC HOLDINGS, INC. Reduced -802-802
RAYMOND JAMES FINANCIAL INC Reduced -662-662
Farther Finance Advisors, LLC Sold out -508-508
TRUIST FINANCIAL CORP Reduced -500-500
Ashton Thomas Private Wealth, LLC Reduced -311-311
STONE LOFT WEALTH MANAGEMENT LLC Reduced -276-276
COMMONWEALTH EQUITY SERVICES, LLC Reduced -9-9

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 224,805224.8k $23.6m $23.6m 0.02% Added +5.9k +5,859
2 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 154,409154.4k $16.2m $16.2m 0.00% Added +33.6k +33,638
3 Janney Montgomery Scott LLC 0.02% of their portfolio PHILADELPHIA, PA 109,788109.8k $11.5m $11.5m 0.02% Added +5.0k +5,026
4 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 58,07058.1k $6.1m $6.1m 0.00% Reduced -662 -662
5 ABLE Financial Group, LLC 0.67% of their portfolio SCOTTSDALE, AZ 37,91737.9k $4.0m $4.0m 0.67% Added +26.9k +26,948
6 Ashton Thomas Private Wealth, LLC 0.06% of their portfolio SCOTTSDALE, AZ 28,74028.7k $3.0m $3.0m 0.06% Reduced -311 -311
7 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 18,90918.9k $2.0m $2.0m 0.00% Added +6.2k +6,233
8 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 17,73817.7k $1.9m $1.9m 0.00% Reduced -28.6k -28,571
9 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 13,77913.8k $1.4m $1.4m 0.00% Added +122 +122
10 ASPIRIANT, LLC 0.04% of their portfolio San Francisco, CA 13,67513.7k $1.4m $1.4m 0.04% New
11 MMA ASSET MANAGEMENT LLC 0.43% of their portfolio New York, NY 12,75912.8k $1.3m $1.3m 0.43% Added +794 +794
12 Diversified Portfolios, Inc. 0.08% of their portfolio Bloomfield Hills, MI 10,27510.3k $1.1m $1.1m 0.08% New
13 Savvy Advisors, Inc. 0.02% of their portfolio NEW YORK, NY 9,9019.9k $1.0m $1.0m 0.02% Added +5.1k +5,058
14 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 9,0259.0k $945.5k $945.5k 0.00% Reduced -802 -802
15 Blume Capital Management, Inc. 0.14% of their portfolio BERKELEY, CA 9,0009.0k $942.9k $942.9k 0.14% New
16 STONE LOFT WEALTH MANAGEMENT LLC 0.48% of their portfolio WEST CHESTER, PA 8,1488.1k $845.6k $845.6k 0.48% Reduced -276 -276
17 PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio BEDMINSTER, NJ 7,1817.2k $752.0k $752.0k 0.01% Added +1.1k +1,066
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 6,8806.9k $720.8k $720.8k 0.00% New
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,3636.4k $667.0k $667.0k 0.00% New
20 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 6,1786.2k $647.3k $647.3k 0.00% Added +2.1k +2,102
21 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 6,0726.1k $636.2k $636.2k 0.00% Added +314 +314
22 Old Mission Investment Co LLC 0.10% of their portfolio TRAVERSE CITY, MI 4,8154.8k $504.5k $504.5k 0.10% First filing
23 Sowell Financial Services LLC 0.02% of their portfolio NORTH LITTLE ROCK, AR 4,7004.7k $492.4k $492.4k 0.02% Unchanged
24 Tower Research Capital LLC (TRC) 0.01% of their portfolio NEW YORK, NY 4,4234.4k $463.4k $463.4k 0.01% New
25 Gateway Wealth Partners, LLC 0.03% of their portfolio APPLETON, WI 4,3104.3k $451.6k $451.6k 0.03% Reduced -2.3k -2,316
26 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 4,3004.3k $450.5k $450.5k 0.00% Reduced -500 -500
27 Hirtle & Co., LLC 0.01% of their portfolio WEST CONSHOHOCKEN, PA 4,2034.2k $440.3k $440.3k 0.01% Unchanged
28 Global Retirement Partners, LLC 0.01% of their portfolio San Rafael, CA 3,7513.8k $393.0k $393.0k 0.01% First filing
29 Sage Investment Counsel LLC 0.33% of their portfolio Franklin, TN 3,1503.1k $330.0k $330.0k 0.33% Added +150 +150
30 Essex Financial Services, Inc. 0.01% of their portfolio ESSEX, CT 2,7002.7k $282.9k $282.9k 0.01% Added +200 +200
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 2,1272.1k $222.9k $222.9k 0.00% Reduced -9 -9
32 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 2,1002.1k $220.0k $220.0k 0.00% Added +1.4k +1,450
33 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 2,0882.1k $218.8k $218.8k 0.00% New
34 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,0112.0k $210.7k $210.7k 0.00% Unchanged
35 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 0.00% of their portfolio LOS ANGELES, CA 1,9552.0k $204.8k $204.8k 0.00% New
36 Colonial Trust Co / SC 0.02% of their portfolio SPARTANBURG, SC 1,1611.2k $121.7k $121.7k 0.02% Unchanged
37 Burk Holdings LLC 0.04% of their portfolio TULSA, OK 1,0571.1k $110.7k $110.7k 0.04% Added +567 +567
38 FIDUCIARY FINANCIAL ADVISORS 0.00% of their portfolio GRAND RAPIDS, MI 394394 $41.3k $41.3k 0.00% New