# VANGUARD MUN BD FDS (VCRM)

> Institutional ownership reported to the SEC as of Q3 2026, from Form 13F filings. Source: https://holderbook.com/stocks/VCRM/

- Reporting holders: 11
- Reported value: $20.4M
- Held through calls: 0.0%
- Held through puts: 0.0%

A 13F reports long US equity positions only. Shorts, bonds, foreign listings and cash are not visible here, and positions are disclosed up to 45 days after the quarter ends.

## Largest holders

| Manager | Value | Shares | Share of their book | Quarters held |
|---|---|---|---|---|
| [Mallini Complete Financial Planning LLC](https://holderbook.com/funds/2049540-mallini-complete-financial-planning-llc/) | $12.2M | 170,666 | 8.6% | 2 |
| [Valeo Financial Advisors, LLC](https://holderbook.com/funds/1722641-valeo-financial-advisors-llc/) | $2.4M | 33,105 | 0.0% | 8 |
| [Sprinkle Financial Consultants LLC](https://holderbook.com/funds/2011593-sprinkle-financial-consultants-llc/) | $1.5M | 21,307 | 0.6% | 4 |
| [Wedmont Private Capital](https://holderbook.com/funds/1904274-wedmont-private-capital/) | $1.1M | 15,153 | 0.0% | 1 |
| [Sincerus Advisory, LLC](https://holderbook.com/funds/2050968-sincerus-advisory-llc/) | $724.6K | 10,125 | 0.5% | 3 |
| [TITLEIST ASSET MANAGEMENT, LLC](https://holderbook.com/funds/1977759-titleist-asset-management-llc/) | $694.4K | 9,702 | 0.0% | 3 |
| [Galvin, Gaustad & Stein, LLC](https://holderbook.com/funds/1840945-galvin-gaustad-stein-llc/) | $679.9K | 9,500 | 0.1% | 8 |
| [FC Advisory LLC](https://holderbook.com/funds/1683754-fc-advisory-llc/) | $472.5K | 6,602 | 0.1% | 1 |
| [Breakwater Capital Group](https://holderbook.com/funds/1964309-breakwater-capital-group/) | $343.1K | 4,794 | 0.0% | 7 |
| [Capital Advisors Wealth Management, LLC](https://holderbook.com/funds/1824700-capital-advisors-wealth-management-llc/) | $254.8K | 3,561 | 0.0% | 2 |
| [Trust Co](https://holderbook.com/funds/1632554-trust-co/) | $84.1K | 1,175 | 0.0% | 4 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q3 2026 | 11 | $20.4M |
| Q2 2026 | 155 | $1.0B |
| Q1 2026 | 124 | $773.1M |
| Q4 2025 | 117 | $460.8M |
| Q3 2025 | 77 | $318.7M |
| Q2 2025 | 51 | $151.8M |
| Q1 2025 | 28 | $55.8M |
| Q4 2024 | 11 | $28.6M |