# VANGUARD MUN BD FDS (VSDM)

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

- Reporting holders: 9
- Reported value: $6.1M
- 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 |
|---|---|---|---|---|
| [Stonebridge Financial Group, LLC](https://holderbook.com/funds/2009367-stonebridge-financial-group-llc/) | $2.2M | 29,853 | 0.2% | 4 |
| [Wedmont Private Capital](https://holderbook.com/funds/1904274-wedmont-private-capital/) | $1.4M | 18,853 | 0.0% | 2 |
| [PFW Advisors LLC](https://holderbook.com/funds/1989744-pfw-advisors-llc/) | $860.2K | 11,565 | 0.3% | 1 |
| [Farther Finance Advisors, LLC](https://holderbook.com/funds/1992825-farther-finance-advisors-llc/) | $787.7K | 10,590 | 0.0% | 6 |
| [Worth Asset Management, LLC](https://holderbook.com/funds/1927285-worth-asset-management-llc/) | $331.8K | 4,460 | 0.1% | 2 |
| [Bill Few Associates, Inc.](https://holderbook.com/funds/1914644-bill-few-associates-inc/) | $305.9K | 4,112 | 0.1% | 2 |
| [Trust Co](https://holderbook.com/funds/1632554-trust-co/) | $113.0K | 1,519 | 0.0% | 4 |
| [Wealth Enhancement Trust Services, Inc.](https://holderbook.com/funds/2067696-wealth-enhancement-trust-services-inc/) | $39.0K | 525 | 0.0% | 1 |
| [Planning Strategies Inc.](https://holderbook.com/funds/2139665-planning-strategies-inc/) | $22.8K | 307 | 0.0% | 2 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q3 2026 | 9 | $6.1M |
| Q2 2026 | 124 | $286.2M |
| Q1 2026 | 100 | $179.4M |
| Q4 2025 | 75 | $119.0M |
| Q3 2025 | 48 | $85.7M |
| Q2 2025 | 32 | $55.0M |
| Q1 2025 | 16 | $29.7M |
| Q4 2024 | 9 | $35.9M |