VANGUARD MUN BD FDS

Ticker: VCRM CUSIP: 922907712 Class: CORE TAX EXEMPT

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
Aprio Wealth Management, LLC578,963$43,752
Karpus Management, Inc.554,144$41,877
Verum Partners LLC480,051$36,277
HBK Sorce Advisory LLC337,934$25,717
Mills Wealth Advisors LLC337,461$25,502
Topsail Wealth Management, LLC326,854$24,700
JANE STREET GROUP, LLC266,234$20,119
San Luis Wealth Advisors LLC239,055$18,065
Opus Capital Group, LLC223,270$17
Confluence Wealth Services, Inc.218,146$16,485
MB, LEVIS & ASSOCIATES, LLC180,323$13,627
CGN Advisors LLC172,709$13,052
JPMORGAN CHASE & CO152,149$11,498
TAGStone Capital, Inc.103,827$7,846
Focus Partners Wealth97,821$7,392
Verus Financial Partners, Inc.89,701$6,815
Blume Capital Management, Inc.84,015$6,349
Physician Wealth Advisors, Inc.81,481$6,158
Physician Wealth Solutions Inc.75,204$5,683
Waverly Advisors, LLC66,213$5,004
Tilson Financial Group, Inc.56,518$4,271
Greenwich Wealth Management LLC56,227$4
Gutierrez Wealth Advisory, LLC54,837$4,144
SMITHBRIDGE ASSET MANAGEMENT INC/DE49,934$3,774
Rehmann Capital Advisory Group46,920$3,611
Advyzon Investment Management, LLC46,767$3,534
Balanced Rock Investment Advisors LLC46,058$3,481
S.A. Mason LLC45,858$3,465
Kelman-Lazarov, Inc.41,252$3,117
Tower Research Capital LLC (TRC)38,172$2,885
Brio Consultants, LLC37,978$2,870
Elequin Capital, LP35,296$2,667
GOLDMAN SACHS GROUP INC34,720$2,624
Keystone Financial Group, Inc.31,990$2,417
EQ WEALTH ADVISORS, LLC31,191$2,357
NWM ADVISORS, LLC30,695$2,320
TFO Wealth Partners, LLC29,732$2,247
LPL Financial LLC28,834$2,179
Sunpointe, LLC27,516$2,079
Thrivent Financial for Lutherans26,366$2
Capital Investment Services of America, Inc.26,140$1,975
CRA Financial Services, LLC24,885$1,881
TRUIST FINANCIAL CORP24,575$1,857
SUSQUEHANNA INTERNATIONAL GROUP, LLP20,422$1,543
NewEdge Advisors, LLC20,421$1,543
Burton Enright Welch18,807$1,421
SEVEN MILE ADVISORY18,381$1,389
Valeo Financial Advisors, LLC18,201$1,375
SJS Investment Consulting Inc.17,723$1,339
Cerity Partners LLC16,819$1,271
AWM CAPITAL, LLC15,761$1,191
OLD MISSION CAPITAL LLC15,745$1,190
NavPoint Financial, Inc.15,063$1,138
BOSTON FAMILY OFFICE LLC14,829$1
Galvin, Gaustad & Stein, LLC13,431$1,015
L.K. Benson & Company, P.C.13,395$1,012
ENVESTNET ASSET MANAGEMENT INC13,327$1,007
Sprinkle Financial Consultants LLC13,231$1,000
HUB Investment Partners, LLC11,646$880
ABLE Financial Group, LLC11,560$874
D'Orazio & Associates, Inc.11,365$859
North Star Investment Management Corp.11,048$835
WEBSTERROGERS FINANCIAL ADVISORS, LLC10,649$805
VOISARD ASSET MANAGEMENT GROUP, INC.9,775$739
Main Street Financial Solutions, LLC9,761$738
JONES FINANCIAL COMPANIES LLLP9,507$718
Lynch Investment Planning, LLC9,440$713
COMMONWEALTH EQUITY SERVICES, LLC9,265$700
Breakwater Capital Group9,247$699
Traub Capital Management LLC9,045$684
Dakota Wealth Management8,800$665
Inspire Advisors, LLC8,416$636
Bernardo Wealth Planning LLC8,196$619
FLOW TRADERS U.S. LLC7,976$1
Bridgewealth Advisory Group, LLC6,840$517
&PARTNERS6,705$507
Prentice Wealth Management LLC6,635$501
Oak Wealth Advisors LLC6,465$489
Landmark Wealth Management, LLC6,405$484
Wayfinding Financial, LLC6,031$0
Evanson Asset Management, LLC5,572$421
TPG Advisors LLC5,194$393
PENNSYLVANIA CAPITAL MANAGEMENT INC /ADV5,128$388
BRYN MAWR TRUST Co5,078$384
Cypress Point Wealth Management, LLC4,550$344
PERRYMAN FINANCIAL ADVISORY INC /AD4,527$342
SHUFRO ROSE & CO LLC4,456$337
Retirement Planning Group, LLC4,336$328
Sequoia Financial Advisors, LLC4,185$316
HARBOUR INVESTMENTS, INC.4,055$306
OSAIC HOLDINGS, INC.4,041$305
Essex Financial Services, Inc.4,035$305
Sowell Financial Services LLC4,000$302
Commonwealth Retirement Investments LLC4,000$302
Global Wealth Management, LLC3,891$294
Vise Technologies, Inc.3,822$289
Cambridge Investment Research Advisors, Inc.3,543$0
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC3,444$261
DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC3,400$0
HighTower Advisors, LLC3,400$257
17 other institutions31,251$2,303
Total (117 institutions)6,094,257$434,974