| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Karpus Management, Inc. | 7.2% | $40,143,392 | 533,467 | KARPUS MANAGEMENT, INC. | 30 Sep 2025 |
As of 30 Sep 2025, 76 institutional investors reported holding 3,990,187 shares of Vanguard Municipal Bond Funds - Common (VCRM). This represents 54% of the company’s total 7,358,166 outstanding shares.
The largest institutional shareholders of Vanguard Municipal Bond Funds - Common (VCRM) together control 46% 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 |
|---|---|---|---|---|---|
| Karpus Management, Inc. | 7.2% | 533,467 | 1.3% | $40,143,383 | |
| Mills Wealth Advisors LLC | 4.1% | 299,335 | +4% | 9.2% | $22,524,959 |
| JPMORGAN CHASE & CO | 3.1% | 225,869 | +2727% | 0% | $16,996,643 |
| San Luis Wealth Advisors LLC | 3% | 219,182 | +7.2% | 3% | $16,493,479 |
| Topsail Wealth Management, LLC | 2.7% | 200,004 | +81% | 2.5% | $15,050,264 |
| Verum Partners LLC | 2.5% | 182,538 | +9.5% | 2.9% | $13,735,996 |
| Opus Capital Group, LLC | 2.4% | 176,202 | +18% | 1.5% | $13,259,000 |
| JANE STREET GROUP, LLC | 2.3% | 172,256 | +27% | 0.02% | $12,962,264 |
| MB, LEVIS & ASSOCIATES, LLC | 2.3% | 168,500 | 5.5% | $12,679,625 | |
| CGN Advisors LLC | 2.2% | 161,512 | +73% | 1% | $12,153,778 |
| HBK Sorce Advisory LLC | 2% | 148,170 | 0.28% | $11,212,024 | |
| Thrivent Financial for Lutherans | 1.4% | 100,972 | 0.01% | $7,598,000 | |
| TAGStone Capital, Inc. | 1.3% | 95,452 | +85% | 2.8% | $7,182,747 |
| Blume Capital Management, Inc. | 1.1% | 84,115 | 1.2% | $6,329,654 | |
| OLD MISSION CAPITAL LLC | 1.1% | 80,910 | +1730% | 0.22% | $6,088,477 |
| Verus Financial Partners, Inc. | 1.1% | 77,596 | +14% | 0.56% | $5,839,136 |
| Physician Wealth Solutions Inc. | 0.95% | 70,137 | -3.1% | 2.3% | $5,277,809 |
| Physician Wealth Advisors, Inc. | 0.9% | 66,299 | +14% | 0.71% | $4,988,980 |
| Waverly Advisors, LLC | 0.86% | 63,269 | 0% | 0.05% | $4,760,992 |
| Gutierrez Wealth Advisory, LLC | 0.74% | 54,301 | +3.6% | 2.6% | $4,086,144 |
| Wayfinding Financial, LLC | 0.64% | 47,331 | -1.2% | 1.5% | $3,561,000 |
| Advyzon Investment Management, LLC | 0.64% | 46,831 | +0.8% | 0.6% | $3,524,014 |
| Greenwich Wealth Management LLC | 0.61% | 44,992 | +8.3% | 0.17% | $3,386,000 |
| ENVESTNET ASSET MANAGEMENT INC | 0.59% | 43,287 | +8.9% | 0% | $3,257,321 |
| Rehmann Capital Advisory Group | 0.59% | 43,072 | +8.4% | 0.18% | $3,234,971 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 1,072,034 | $81,013,879 | +$29,263,809 | $75.57 | 20 |
| 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 |