| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Karpus Management, Inc. | 4.7% | -36% | $45,191,616 | +$4,877,515 | 598,010 | +12% | KARPUS MANAGEMENT, INC. | 30 Jan 2026 |
As of 31 Dec 2025, 115 institutional investors reported holding 6,037,897 shares of Vanguard Municipal Bond Funds - Common (VCRM). This represents 48% of the company’s total 12,616,245 outstanding shares.
The largest institutional shareholders of Vanguard Municipal Bond Funds - Common (VCRM) together control 39% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Aprio Wealth Management, LLC | 4.6% | 578,963 | 2.6% | $43,752,234 | |
| Karpus Management, Inc. | 4.4% | 554,144 | +3.9% | 1.3% | $41,876,664 |
| Verum Partners LLC | 3.8% | 480,051 | +163% | 7.3% | $36,277,417 |
| HBK Sorce Advisory LLC | 2.7% | 337,934 | +128% | 0.59% | $25,716,806 |
| Mills Wealth Advisors LLC | 2.7% | 337,461 | +13% | 10% | $25,501,928 |
| Topsail Wealth Management, LLC | 2.6% | 326,854 | +63% | 3.6% | $24,700,323 |
| JANE STREET GROUP, LLC | 2.1% | 266,234 | +55% | 0.02% | $20,119,303 |
| San Luis Wealth Advisors LLC | 1.9% | 239,055 | +9.1% | 3% | $18,065,413 |
| Opus Capital Group, LLC | 1.8% | 223,270 | +27% | 1.8% | $16,873,000 |
| Confluence Wealth Services, Inc. | 1.7% | 218,146 | 0.68% | $16,485,294 | |
| MB, LEVIS & ASSOCIATES, LLC | 1.4% | 180,323 | +7% | 5.7% | $13,626,994 |
| CGN Advisors LLC | 1.4% | 172,709 | +6.9% | 1% | $13,051,619 |
| JPMORGAN CHASE & CO | 1.2% | 152,149 | -33% | 0% | $11,497,900 |
| TAGStone Capital, Inc. | 0.82% | 103,827 | +8.8% | 2.9% | $7,846,229 |
| Focus Partners Wealth | 0.78% | 97,821 | 0.01% | $7,392,334 | |
| Verus Financial Partners, Inc. | 0.71% | 89,701 | +16% | 0.63% | $6,815,489 |
| Blume Capital Management, Inc. | 0.67% | 84,015 | -0.12% | 1.2% | $6,349,014 |
| Physician Wealth Advisors, Inc. | 0.65% | 81,481 | +23% | 0.86% | $6,157,553 |
| Physician Wealth Solutions Inc. | 0.6% | 75,204 | +7.2% | 2.4% | $5,683,166 |
| Waverly Advisors, LLC | 0.52% | 66,213 | +4.7% | 0.04% | $5,003,716 |
| Tilson Financial Group, Inc. | 0.45% | 56,518 | 1.3% | $4,271,071 | |
| Greenwich Wealth Management LLC | 0.45% | 56,227 | +25% | 0.19% | $4,249,000 |
| Gutierrez Wealth Advisory, LLC | 0.43% | 54,837 | +0.99% | 2.6% | $4,144,023 |
| SMITHBRIDGE ASSET MANAGEMENT INC/DE | 0.4% | 49,934 | +105% | 0.32% | $3,773,512 |
| Advyzon Investment Management, LLC | 0.37% | 46,767 | -0.14% | 0.41% | $3,534,203 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 6,037,897 | $456,501,656 | +$155,133,529 | $75.57 | 115 |
| 2025 Q3 | 3,990,187 | $300,323,853 | +$145,351,897 | $75.25 | 76 |
| 2025 Q2 | 2,059,641 | $151,484,597 | +$96,435,659 | $73.57 | 50 |
| 2025 Q1 | 748,144 | $55,540,613 | +$27,094,735 | $74.24 | 27 |
| 2024 Q4 | 383,049 | $28,567,684 | +$25,571,699 | $74.58 | 11 |