# VANGUARD MUN BD FDS (VTEL)

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

- Reporting holders: 4
- Reported value: $14.3M
- 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/) | $10.7M | 112,239 | 0.3% | 1 |
| [Valeo Financial Advisors, LLC](https://holderbook.com/funds/1722641-valeo-financial-advisors-llc/) | $2.7M | 28,316 | 0.1% | 1 |
| [Cassilly Financial Group LLC](https://holderbook.com/funds/2090777-cassilly-financial-group-llc/) | $854.6K | 8,895 | 0.6% | 1 |
| [Farther Finance Advisors, LLC](https://holderbook.com/funds/1992825-farther-finance-advisors-llc/) | $43.6K | 454 | 0.0% | 1 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q3 2026 | 4 | $14.3M |
| Q2 2026 | 38 | $88.4M |
| Q1 2026 | 30 | $72.5M |
| Q4 2025 | 18 | $49.6M |
| Q3 2025 | 11 | $24.9M |
| Q2 2025 | 1 | $8.4M |