Who Owns VANGUARD MUN BD FDS (VCRM)? -- Institutional Holders (2026-03-31)

131 institutions reported holding $771.2M of VANGUARD MUN BD FDS (VCRM) in SEC 13F filings for 2026-03-31. Largest institutional holders: HBK Sorce Advisory LLC ($262.1M), Aprio Wealth Management, LLC ($47.4M), Verum Partners LLC ($45.3M), Karpus Management, Inc. ($44.3M), Mills Wealth Advisors LLC ($30.0M). Source: SEC Form 13F.

RankInstitutionValueSharesChange
1HBK Sorce Advisory LLC$262.1M3.5MAdded
2Aprio Wealth Management, LLC$47.4M631,116Added
3Verum Partners LLC$45.3M602,359Added
4Karpus Management, Inc.$44.3M590,059Added
5Mills Wealth Advisors LLC$30.0M399,237Added
6Topsail Wealth Management, LLC$28.9M384,157Added
7Focus Partners Wealth$23.1M307,708Added
8Confluence Wealth Services, Inc.$20.2M269,435Added
9Opus Capital Group, LLC$18.8M249,876Added
10JONES FINANCIAL COMPANIES LLLP$18.3M245,112Added
11San Luis Wealth Advisors LLC$17.3M230,441Trimmed
12MB, LEVIS & ASSOCIATES, LLC$13.7M181,877Added
13Elite Life Management LLC$13.2M173,841New
14CGN Advisors LLC$12.9M172,279Trimmed
15HighTower Advisors, LLC$8.2M108,489Added
16Verus Financial Partners, Inc.$7.4M97,483Added
17TAGStone Capital, Inc.$7.3M97,174Trimmed
18TRUIST FINANCIAL CORP$7.0M92,586Added
19ENVESTNET ASSET MANAGEMENT INC$6.7M88,953Added
20Physician Wealth Advisors, Inc.$6.6M87,225Added
21TFO Wealth Partners, LLC$6.2M82,559Added
22Tilson Financial Group, Inc.$5.5M73,771Added
23Physician Wealth Solutions Inc.$5.3M71,095Trimmed
24Blume Capital Management, Inc.$5.3M70,650Trimmed
25Keystone Financial Group, Inc.$4.5M59,661Added

Source: SEC Form 13F filings · as of 2026-03-31