# VANGUARD MUN BD FDS (VTEB)

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

- Reporting holders: 88
- Reported value: $439.2M
- 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 |
|---|---|---|---|---|
| [Wedmont Private Capital](https://holderbook.com/funds/1904274-wedmont-private-capital/) | $43.1M | 914,576 | 1.0% | 20 |
| [Boston Standard Wealth Management, LLC](https://holderbook.com/funds/1630939-boston-standard-wealth-management-llc/) | $30.6M | 645,412 | 4.4% | 1 |
| [Apella Capital, LLC](https://holderbook.com/funds/1801507-apella-capital-llc/) | $24.7M | 524,949 | 0.3% | 26 |
| [Heartwood Wealth Advisors LLC](https://holderbook.com/funds/1794935-heartwood-wealth-advisors-llc/) | $24.5M | 517,180 | 1.9% | 28 |
| [ATMOS ADVISORY, LLC](https://holderbook.com/funds/1905162-atmos-advisory-llc/) | $21.8M | 460,733 | 11.6% | 20 |
| [Avidian Wealth Enterprises, LLC](https://holderbook.com/funds/1471474-avidian-wealth-enterprises-llc/) | $19.7M | 415,790 | 0.5% | 32 |
| [Stairway Partners, LLC](https://holderbook.com/funds/1454138-stairway-partners-llc/) | $19.0M | 400,223 | 0.9% | 15 |
| [Towneley Capital Management, Inc / DE](https://holderbook.com/funds/2004980-towneley-capital-management-inc-de/) | $17.4M | 367,749 | 3.5% | 12 |
| [RIVERSEDGE ADVISORS, LLC](https://holderbook.com/funds/1787663-riversedge-advisors-llc/) | $17.0M | 357,963 | 2.1% | 30 |
| [Farther Finance Advisors, LLC](https://holderbook.com/funds/1992825-farther-finance-advisors-llc/) | $16.8M | 355,489 | 0.1% | 16 |
| [Frisco Financial Planning LLC](https://holderbook.com/funds/2133972-frisco-financial-planning-llc/) | $15.0M | 316,763 | 11.7% | 8 |
| [CoreCap Advisors, LLC](https://holderbook.com/funds/1902501-corecap-advisors-llc/) | $14.6M | 308,484 | 0.4% | 9 |
| [Grove Bank & Trust](https://holderbook.com/funds/1662212-grove-bank-trust/) | $13.5M | 285,370 | 1.3% | 16 |
| [Graves Light Lenhart Wealth, Inc.](https://holderbook.com/funds/1759803-graves-light-lenhart-wealth-inc/) | $13.2M | 277,993 | 1.2% | 10 |
| [Stonebridge Financial Group, LLC](https://holderbook.com/funds/2009367-stonebridge-financial-group-llc/) | $11.7M | 247,197 | 0.9% | 8 |
| [Roth Financial Partners LLC](https://holderbook.com/funds/1840888-roth-financial-partners-llc/) | $10.1M | 214,080 | 3.0% | 13 |
| [Beacon Wealthcare LLC](https://holderbook.com/funds/1849336-beacon-wealthcare-llc/) | $8.8M | 186,761 | 2.8% | 16 |
| [COLLECTIVE FAMILY OFFICE LLC](https://holderbook.com/funds/1845066-collective-family-office-llc/) | $8.4M | 178,370 | 1.7% | 14 |
| [Capital Advisors Wealth Management, LLC](https://holderbook.com/funds/1824700-capital-advisors-wealth-management-llc/) | $7.8M | 163,721 | 0.9% | 23 |
| [MOODY NATIONAL BANK TRUST DIVISION](https://holderbook.com/funds/1092903-moody-national-bank-trust-division/) | $7.5M | 157,974 | 0.6% | 14 |
| [RTD Financial Advisors, Inc.](https://holderbook.com/funds/1810555-rtd-financial-advisors-inc/) | $7.4M | 155,857 | 0.8% | 16 |
| [Trinity Financial Advisors LLC](https://holderbook.com/funds/1809574-trinity-financial-advisors-llc/) | $6.8M | 143,456 | 1.7% | 15 |
| [Dickmeyer Boyce Financial Management, Inc.](https://holderbook.com/funds/2038325-dickmeyer-boyce-financial-management-inc/) | $4.9M | 104,240 | 2.5% | 3 |
| [SigFig Wealth Management, LLC](https://holderbook.com/funds/1696957-sigfig-wealth-management-llc/) | $4.3M | 90,356 | 0.1% | 23 |
| [First Heartland Consultants, Inc.](https://holderbook.com/funds/1428793-first-heartland-consultants-inc/) | $4.2M | 89,244 | 0.3% | 32 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q3 2026 | 88 | $439.2M |
| Q2 2026 | 1,410 | $33.4B |
| Q1 2026 | 1,355 | $29.1B |
| Q4 2025 | 1,324 | $30.4B |
| Q3 2025 | 1,239 | $34.1B |
| Q2 2025 | 1,218 | $28.2B |
| Q1 2025 | 1,227 | $26.7B |
| Q4 2024 | 1,230 | $149.1B |
| Q3 2024 | 1,112 | $154.2B |
| Q2 2024 | 1,093 | $154.1B |
| Q1 2024 | 1,062 | $29.9B |
| Q4 2023 | 1,076 | $29.8B |