VANGUARD MUNICIPAL BOND FUNDS - VSDM
Detailed investor-level table based on 13F positions.
Methodology:
Market value and % of portfolio use SEC reported VALUE ($000).
For PUT/CALL positions this reflects reported underlying exposure, not premium cash paid/received.
Details.
Rows: 0
| Investor | History | Status | Shares held | Market value ($000) | % of portfolio | Previous % | Rank | Change in shares | % change in shares | Source | Date reported |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Capital Investment Services of America, Inc. | History | No change | 280,929 | 21,527 | 2.11% | 2.11% | 1 | 0 | 0.0% | Q2 2026 | Jul 22, 2026 |
| TRUIST FINANCIAL CORP | History | No change | 251,105 | 19,242 | 0.02% | 0.02% | 2 | 0 | 0.0% | Q2 2026 | Jul 28, 2026 |
| Mills Wealth Advisors LLC | History | No change | 164,926 | 12,638 | 3.98% | 3.98% | 3 | 0 | 0.0% | Q2 2026 | Jul 07, 2026 |
| S.A. Mason LLC | History | No change | 163,888 | 12,558 | 3.86% | 3.86% | 4 | 0 | 0.0% | Q2 2026 | Jul 31, 2026 |
| Opus Capital Group, LLC | History | No change | 148,913 | 11,411 | 1.11% | 1.11% | 5 | 0 | 0.0% | Q2 2026 | Jul 31, 2026 |
| Keystone Financial Group, Inc. | History | No change | 142,196 | 10,896 | 5.72% | 5.72% | 6 | 0 | 0.0% | Q2 2026 | Jul 21, 2026 |
| Kestra Investment Management, LLC | History | No change | 139,319 | 10,676 | 0.21% | 0.21% | 7 | 0 | 0.0% | Q2 2026 | Aug 05, 2026 |
| American Investment Services, Inc. | History | No change | 128,709 | 9,862 | 2.08% | 2.08% | 8 | 0 | 0.0% | Q2 2026 | Aug 12, 2026 |
| MOSAIC FAMILY WEALTH PARTNERS, LLC | History | No change | 126,587 | 9,700 | 0.65% | 0.65% | 9 | 0 | 0.0% | Q2 2026 | Aug 05, 2026 |
| CGN Advisors LLC | History | No change | 124,154 | 9,513 | 0.69% | 0.69% | 10 | 0 | 0.0% | Q2 2026 | Jul 06, 2026 |
| Quantinno Capital Management LP | History | No change | 98,000 | 7,509 | 0.01% | 0.01% | 11 | 0 | 0.0% | Q2 2026 | Aug 13, 2026 |
| Frisch Financial Group, Inc. | History | No change | 98,000 | 7,509 | 1.29% | 1.29% | 12 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| Acumen Wealth Advisors, LLC | History | No change | 82,467 | 6,319 | 1.34% | 1.34% | 13 | 0 | 0.0% | Q2 2026 | Aug 03, 2026 |
| Beaird Harris Wealth Management, LLC | History | No change | 74,692 | 5,723 | 0.36% | 0.36% | 14 | 0 | 0.0% | Q2 2026 | Jul 08, 2026 |
| RW Investment Management LLC | History | No change | 70,309 | 5,387 | 0.47% | 0.47% | 15 | 0 | 0.0% | Q2 2026 | Aug 06, 2026 |
| IRON Financial LLC | History | No change | 65,840 | 5,045 | 2.08% | 2.08% | 16 | 0 | 0.0% | Q2 2026 | Jul 22, 2026 |
| COMMONWEALTH EQUITY SERVICES, LLC | History | No change | 65,487 | 5,018 | 0.01% | 0.01% | 17 | 0 | 0.0% | Q2 2026 | Jul 29, 2026 |
| MASTER'S WEALTH MANAGEMENT INC. | History | No change | 61,689 | 4,727 | 1.42% | 1.42% | 18 | 0 | 0.0% | Q2 2026 | Aug 07, 2026 |
| Rialto Wealth Management, LLC | History | No change | 61,252 | 4,693 | 0.93% | 0.93% | 19 | 0 | 0.0% | Q2 2026 | Aug 11, 2026 |
| JONES FINANCIAL COMPANIES LLLP | History | No change | 50,496 | 3,866 | 0.0% | 0.0% | 20 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| Belpointe Asset Management LLC | History | No change | 50,421 | 3,863 | 0.13% | 0.13% | 21 | 0 | 0.0% | Q2 2026 | Jul 31, 2026 |
| Alliance Private Wealth, LLC | History | No change | 45,501 | 3,486 | 1.21% | 1.21% | 22 | 0 | 0.0% | Q2 2026 | Jul 09, 2026 |
| TD Capital Management LLC | History | No change | 43,473 | 3,331 | 0.27% | 0.27% | 23 | 0 | 0.0% | Q2 2026 | Aug 06, 2026 |
| Bank of New York Mellon Corp | History | No change | 41,724 | 3,197 | 0.0% | 0.0% | 24 | 0 | 0.0% | Q2 2026 | Aug 06, 2026 |
| Topsail Wealth Management, LLC | History | No change | 40,843 | 3,129 | 0.4% | 0.4% | 25 | 0 | 0.0% | Q2 2026 | Aug 13, 2026 |
| GSG Advisors LLC | History | No change | 39,200 | 3,003 | 0.66% | 0.66% | 26 | 0 | 0.0% | Q2 2026 | Aug 13, 2026 |
| Professional Financial Advisors, LLC | History | No change | 38,255 | 2,931 | 0.51% | 0.51% | 27 | 0 | 0.0% | Q2 2026 | Jul 09, 2026 |
| Timmons Wealth Management, LLC | History | No change | 37,636 | 2,884 | 2.11% | 2.11% | 28 | 0 | 0.0% | Q2 2026 | Aug 07, 2026 |
| LPL Financial LLC | History | No change | 37,512 | 2,874 | 0.0% | 0.0% | 29 | 0 | 0.0% | Q2 2026 | Aug 07, 2026 |
| Platt Wealth Management LLC | History | No change | 36,742 | 2,815 | 2.26% | 2.26% | 30 | 0 | 0.0% | Q2 2026 | Jul 31, 2026 |
| Dakota Wealth Management | History | No change | 35,875 | 2,749 | 0.05% | 0.05% | 31 | 0 | 0.0% | Q2 2026 | Aug 07, 2026 |
| GREAT VALLEY ADVISOR GROUP, INC. | History | No change | 32,858 | 2,517 | 0.04% | 0.04% | 32 | 0 | 0.0% | Q2 2026 | Aug 10, 2026 |
| Bedel Financial Consulting, Inc. | History | No change | 30,560 | 2,341 | 0.22% | 0.22% | 33 | 0 | 0.0% | Q2 2026 | Jul 29, 2026 |
| Stonebridge Financial Group, LLC | History | Added to | 29,853 | 2,220 | 0.16% | 0.14% | 34 | +6,137 | 25.88% | Q3 2026 | Oct 01, 2026 |
| JPMORGAN CHASE & CO | History | No change | 28,573 | 2,189 | 0.0% | 0.0% | 35 | 0 | 0.0% | Q2 2026 | Aug 12, 2026 |
| Aprio Wealth Management, LLC | History | No change | 27,970 | 2,143 | 0.11% | 0.11% | 36 | 0 | 0.0% | Q2 2026 | Jul 24, 2026 |
| MBM WEALTH CONSULTANTS, LLC | History | No change | 27,594 | 2,114 | 0.41% | 0.41% | 37 | 0 | 0.0% | Q2 2026 | Jul 24, 2026 |
| Harbor Group, Inc. | History | No change | 25,899 | 1,984 | 0.23% | 0.23% | 38 | 0 | 0.0% | Q2 2026 | Jul 22, 2026 |
| Verum Partners LLC | History | No change | 23,102 | 1,770 | 0.26% | 0.26% | 39 | 0 | 0.0% | Q2 2026 | Jul 22, 2026 |
| Burton Enright Welch | History | No change | 21,387 | 1,638 | 0.19% | 0.19% | 40 | 0 | 0.0% | Q2 2026 | Jul 17, 2026 |
| Karpus Management, Inc. | History | No change | 21,000 | 1,609 | 0.05% | 0.05% | 41 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| BOSTON FAMILY OFFICE LLC | History | No change | 20,487 | 1,570 | 0.1% | 0.1% | 42 | 0 | 0.0% | Q2 2026 | Aug 12, 2026 |
| Financial Engines Advisors L.L.C. | History | No change | 19,906 | 1,525 | 0.0% | 0.0% | 43 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| HighTower Advisors, LLC | History | No change | 18,959 | 1,452 | 0.0% | 0.0% | 44 | 0 | 0.0% | Q2 2026 | Aug 05, 2026 |
| CRA Financial Services, LLC | History | No change | 17,988 | 1,378 | 0.16% | 0.16% | 45 | 0 | 0.0% | Q2 2026 | Jul 24, 2026 |
| Essex Financial Services, Inc. | History | No change | 17,622 | 1,350 | 0.07% | 0.07% | 46 | 0 | 0.0% | Q2 2026 | Aug 10, 2026 |
| Pandowealth. LLC | History | No change | 16,754 | 1,283 | 1.06% | 1.06% | 47 | 0 | 0.0% | Q2 2026 | Aug 19, 2026 |
| Baker Ellis Asset Management LLC | History | No change | 16,400 | 1,256 | 0.13% | 0.13% | 48 | 0 | 0.0% | Q2 2026 | Jul 23, 2026 |
| Integrated Wealth Concepts LLC | History | No change | 16,016 | 1,227 | 0.01% | 0.01% | 49 | 0 | 0.0% | Q2 2026 | Sep 08, 2026 |
| Neuberger Berman Group LLC | History | No change | 15,910 | 1,219 | 0.0% | 0.0% | 50 | 0 | 0.0% | Q2 2026 | Aug 13, 2026 |
| TCI Wealth Advisors, Inc. | History | No change | 15,420 | 1,181 | 0.05% | 0.05% | 51 | 0 | 0.0% | Q2 2026 | Jul 29, 2026 |
| &PARTNERS | History | No change | 14,377 | 1,101 | 0.0% | 0.0% | 52 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| MFA Wealth Services | History | No change | 14,082 | 1,079 | 0.64% | 0.64% | 53 | 0 | 0.0% | Q2 2026 | Jul 21, 2026 |
| NATIXIS ADVISORS, LLC | History | No change | 13,198 | 1,011 | 0.0% | 0.0% | 54 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| Composition Wealth, LLC | History | No change | 13,106 | 1,004 | 0.01% | 0.01% | 55 | 0 | 0.0% | Q2 2026 | Jul 22, 2026 |
| Wedmont Private Capital | History | No change | 13,156 | 1,004 | 0.03% | 0.03% | 56 | 0 | 0.0% | Q2 2026 | Jul 13, 2026 |
| JANE STREET GROUP, LLC | History | No change | 11,599 | 888 | 0.0% | 0.0% | 57 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| PFW Advisors LLC | History | New | 11,565 | 860 | 0.26% | — | 58 | +11,565 | New | Q3 2026 | Oct 07, 2026 |
| Signal Advisors Wealth, LLC | History | No change | 11,165 | 855 | 0.04% | 0.04% | 59 | 0 | 0.0% | Q2 2026 | Aug 04, 2026 |
| Kelman-Lazarov, Inc. | History | No change | 10,570 | 809 | 0.11% | 0.11% | 60 | 0 | 0.0% | Q2 2026 | Aug 10, 2026 |
| PARSONS CAPITAL MANAGEMENT INC/RI | History | No change | 10,262 | 786 | 0.04% | 0.04% | 61 | 0 | 0.0% | Q2 2026 | Jul 24, 2026 |
| Quantum Financial Planning Services, Inc. | History | No change | 10,211 | 782 | 0.24% | 0.24% | 62 | 0 | 0.0% | Q2 2026 | Jul 15, 2026 |
| Cascade Wealth Advisors, Inc | History | No change | 10,140 | 772 | 0.31% | 0.31% | 63 | 0 | 0.0% | Q2 2026 | Aug 10, 2026 |
| PEAPACK GLADSTONE FINANCIAL CORP | History | No change | 9,700 | 743 | 0.01% | 0.01% | 64 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| Prospera Capital Management, LLC | History | No change | 9,342 | 714 | 0.22% | 0.22% | 65 | 0 | 0.0% | Q2 2026 | Jul 27, 2026 |
| VSM Wealth Advisory, LLC | History | No change | 6,989 | 708 | 0.19% | 0.19% | 66 | 0 | 0.0% | Q2 2026 | Jul 22, 2026 |
| Breakwater Capital Group | History | No change | 8,864 | 679 | 0.08% | 0.08% | 67 | 0 | 0.0% | Q2 2026 | Jul 08, 2026 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | History | No change | 8,608 | 657 | 0.0% | 0.0% | 68 | 0 | 0.0% | Q2 2026 | Jul 15, 2026 |
| CFS Investment Advisory Services, LLC | History | No change | 8,463 | 647 | 0.04% | 0.04% | 69 | 0 | 0.0% | Q2 2026 | Jul 16, 2026 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | History | No change | 8,396 | 643 | 0.0% | 0.0% | 70 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| New England Private Wealth Advisors LLC | History | No change | 8,393 | 637 | 0.06% | 0.06% | 71 | 0 | 0.0% | Q2 2026 | Aug 04, 2026 |
| Donalies Financial Planning, LLC | History | No change | 8,314 | 637 | 0.47% | 0.47% | 72 | 0 | 0.0% | Q2 2026 | Aug 06, 2026 |
| Equitable Holdings, Inc. | History | No change | 7,285 | 558 | 0.0% | 0.0% | 73 | 0 | 0.0% | Q2 2026 | Aug 17, 2026 |
| Bryn Mawr Trust Advisors, LLC | History | No change | 7,222 | 553 | 0.02% | 0.02% | 74 | 0 | 0.0% | Q2 2026 | Aug 03, 2026 |
| Janney Montgomery Scott LLC | History | No change | 7,000 | 536 | 0.0% | 0.0% | 75 | 0 | 0.0% | Q2 2026 | Aug 05, 2026 |
| Gutierrez Wealth Advisory, LLC | History | No change | 6,684 | 512 | 0.3% | 0.3% | 76 | 0 | 0.0% | Q2 2026 | Aug 03, 2026 |
| Conservest Capital Advisors, Inc. | History | No change | 6,588 | 504 | 0.04% | 0.04% | 77 | 0 | 0.0% | Q2 2026 | Jul 22, 2026 |
| Forum Financial Management, LP | History | No change | 6,567 | 503 | 0.01% | 0.01% | 78 | 0 | 0.0% | Q2 2026 | Jul 23, 2026 |
| Corient Private Wealth LP | History | No change | 6,537 | 500 | 0.0% | 0.0% | 79 | 0 | 0.0% | Q2 2026 | Aug 27, 2026 |
| L. Roy Papp & Associates, LLP | History | No change | 6,520 | 499 | 0.05% | 0.05% | 80 | 0 | 0.0% | Q2 2026 | Jul 23, 2026 |
| OakTrust Wealth Advisors, LLC | History | No change | 6,509 | 498 | 0.43% | 0.43% | 81 | 0 | 0.0% | Q2 2026 | Aug 06, 2026 |
| Soltis Investment Advisors LLC | History | No change | 6,371 | 488 | 0.03% | 0.03% | 82 | 0 | 0.0% | Q2 2026 | Jul 31, 2026 |
| PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV | History | No change | 6,092 | 466 | 0.12% | 0.12% | 83 | 0 | 0.0% | Q2 2026 | Jul 23, 2026 |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC | History | No change | 6,030 | 462 | 0.02% | 0.02% | 84 | 0 | 0.0% | Q2 2026 | Jul 27, 2026 |
| Waverly Advisors, LLC | History | No change | 5,850 | 448 | 0.0% | 0.0% | 85 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| EverSource Wealth Advisors, LLC | History | No change | 5,722 | 438 | 0.01% | 0.01% | 86 | 0 | 0.0% | Q2 2026 | Jul 24, 2026 |
| N.E.W. Advisory Services LLC | History | No change | 5,470 | 419 | 0.03% | 0.03% | 87 | 0 | 0.0% | Q2 2026 | Aug 06, 2026 |
| Sugar Maple Asset Management, LLC | History | No change | 5,367 | 411 | 0.26% | 0.26% | 88 | 0 | 0.0% | Q2 2026 | Jul 28, 2026 |
| Betterment LLC | History | No change | 5,125 | 393 | 0.0% | 0.0% | 89 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| Strategic Financial Concepts, LLC | History | No change | 4,587 | 351 | 0.1% | 0.1% | 90 | 0 | 0.0% | Q2 2026 | Jul 27, 2026 |
| Financial Planning Hawaii, Inc. | History | No change | 4,541 | 347 | 0.19% | 0.19% | 91 | 0 | 0.0% | Q2 2026 | Jul 23, 2026 |
| Worth Asset Management, LLC | History | Reduced | 4,460 | 331 | 0.1% | 0.11% | 92 | -154 | -3.34% | Q3 2026 | Oct 07, 2026 |
| Ascent Group, LLC | History | No change | 4,122 | 315 | 0.01% | 0.01% | 93 | 0 | 0.0% | Q2 2026 | Aug 03, 2026 |
| Stratos Wealth Partners, LTD. | History | No change | 4,034 | 309 | 0.0% | 0.0% | 94 | 0 | 0.0% | Q2 2026 | Aug 11, 2026 |
| Kestra Advisory Services, LLC | History | No change | 3,932 | 301 | 0.0% | 0.0% | 95 | 0 | 0.0% | Q2 2026 | Jul 28, 2026 |
| Advyzon Investment Management, LLC | History | No change | 3,815 | 292 | 0.02% | 0.02% | 96 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| Cherry Tree Wealth Management, LLC | History | No change | 3,621 | 277 | 0.05% | 0.05% | 97 | 0 | 0.0% | Q2 2026 | Sep 15, 2026 |
| Beacon Pointe Advisors, LLC | History | No change | 3,600 | 275 | 0.0% | 0.0% | 98 | 0 | 0.0% | Q2 2026 | Aug 18, 2026 |
| Cambridge Investment Research Advisors, Inc. | History | No change | 3,247 | 249 | 0.0% | 0.0% | 99 | 0 | 0.0% | Q2 2026 | Jul 27, 2026 |
| Foundry Financial LLC | History | No change | 3,082 | 236 | 0.08% | 0.08% | 100 | 0 | 0.0% | Q2 2026 | Jul 21, 2026 |
| TAGStone Capital, Inc. | History | No change | 3,066 | 234 | 0.07% | 0.07% | 101 | 0 | 0.0% | Q2 2026 | Aug 11, 2026 |
| Summit Wealth Partners, LLC | History | No change | 3,019 | 231 | 0.03% | 0.03% | 102 | 0 | 0.0% | Q2 2026 | Aug 03, 2026 |
| Kropog Financial Group, LLC | History | No change | 2,929 | 224 | 0.16% | 0.16% | 103 | 0 | 0.0% | Q2 2026 | Aug 06, 2026 |
| Advisory Services Network, LLC | History | No change | 2,866 | 219 | 0.0% | 0.0% | 104 | 0 | 0.0% | Q2 2026 | Aug 12, 2026 |
| CARDIFF PARK ADVISORS, LLC | History | No change | 2,850 | 218 | 0.02% | 0.02% | 105 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| Elequin Capital, LP | History | No change | 2,746 | 210 | 0.01% | 0.01% | 106 | 0 | 0.0% | Q2 2026 | Aug 13, 2026 |
| Bill Few Associates, Inc. | History | No change | 2,730 | 209 | 0.04% | 0.04% | 107 | 0 | 0.0% | Q2 2026 | Jul 07, 2026 |
| Elmwood Wealth Management, Inc. | History | No change | 2,704 | 207 | 0.05% | 0.05% | 108 | 0 | 0.0% | Q2 2026 | Jul 07, 2026 |
| Graney & King, LLC | History | No change | 2,644 | 202 | 0.07% | 0.07% | 109 | 0 | 0.0% | Q2 2026 | Aug 07, 2026 |
| ENVESTNET ASSET MANAGEMENT INC | History | No change | 2,614 | 200 | 0.0% | 0.0% | 110 | 0 | 0.0% | Q2 2026 | Sep 23, 2026 |
| Snowden Capital Advisors LLC | History | No change | 2,617 | 200 | 0.0% | 0.0% | 111 | 0 | 0.0% | Q2 2026 | Aug 13, 2026 |
| Farther Finance Advisors, LLC | History | No change | 2,377 | 182 | 0.0% | 0.0% | 112 | 0 | 0.0% | Q2 2026 | Jul 17, 2026 |
| ROYAL BANK OF CANADA | History | No change | 1,976 | 151 | 0.0% | 0.0% | 113 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| Burk Holdings LLC | History | No change | 1,958 | 150 | 0.06% | 0.06% | 114 | 0 | 0.0% | Q2 2026 | Aug 12, 2026 |
| 1015 Capital Partners, LLC | History | No change | 1,831 | 140 | 0.12% | 0.12% | 115 | 0 | 0.0% | Q2 2026 | Jul 21, 2026 |
| AE Wealth Management LLC | History | No change | 1,679 | 128 | 0.0% | 0.0% | 116 | 0 | 0.0% | Q2 2026 | Aug 03, 2026 |
| Steward Partners Investment Advisory, LLC | History | No change | 1,034 | 79 | 0.0% | 0.0% | 117 | 0 | 0.0% | Q2 2026 | Aug 13, 2026 |
| Trust Co | History | No change | 759 | 58 | 0.01% | 0.01% | 118 | 0 | 0.0% | Q2 2026 | Jul 10, 2026 |
| Wealth Enhancement Trust Services, Inc. | History | New | 525 | 39 | 0.0% | — | 119 | +525 | New | Q3 2026 | Oct 07, 2026 |
| Tower Research Capital LLC (TRC) | History | No change | 445 | 34 | 0.0% | 0.0% | 120 | 0 | 0.0% | Q2 2026 | Aug 11, 2026 |
| OSAIC HOLDINGS, INC. | History | No change | 303 | 23 | 0.0% | 0.0% | 121 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| LANARK FINANCIAL, INC. | History | No change | 288 | 22 | 0.0% | 0.0% | 122 | 0 | 0.0% | Q2 2026 | Jul 21, 2026 |
| Planning Strategies Inc. | History | No change | 307 | 22 | 0.01% | 0.01% | 123 | 0 | 0.0% | Q3 2026 | Oct 02, 2026 |
| HAZLETT, BURT & WATSON, INC. | History | No change | 150 | 11 | 0.0% | 0.0% | 124 | 0 | 0.0% | Q2 2026 | Jul 30, 2026 |
| Medallion Wealth Advisors, LLC | History | No change | 89 | 6 | 0.0% | 0.0% | 125 | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |
| WELLS FARGO & COMPANY/MN | History | No change | 1 | 0 | — | — | — | 0 | 0.0% | Q2 2026 | Aug 14, 2026 |