Latest Period
Q1 2026
Security Snapshot
Vanguard Municipal Bond Funds - Common (VCRM) Institutional Ownership
CUSIP: 922907712
13F Institutional Holders and Ownership History from Q4 2024 to Q1 2026
Institutions Reporting
123
Shares (Excl. Options)
10,270,865
Price
$75.15
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- Security type / class
- Equity / Common
- Symbol
- VCRM
- All holders as of 31 Mar 2026
- Q1 2026
- Total 13F shares
- 10,270,865
- Total 13F value
- $773,972,593
- Portfolio coverage rank
- 0.01%
- Share change
- +4,178,731
- Value change
- +$315,865,791
- Number of holders
- 123
- Shares outstanding
- 12,616,245
- SEC-reported price per share
- $75.50
Latest holder snapshot
5 signals
Issuer context
Names, identifiers, and filing context for this profile.
2 identity fields
13F Shares, Excluding Options vs Price
13F Value, Excluding Options
Total Investors
Key facts
- VCRM - Vanguard Municipal Bond Funds - Common is tracked under CUSIP 922907712.
- 123 institutions reported positions in Q1 2026.
- 1 significant owner is listed from Schedule 13D/13G reporting.
Change
- Holder count moved from 117 to 123 between Q4 2025 and Q1 2026.
- SEC-reported value moved from $460,825,847 to $773,972,593.
Research use
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Evidence
Source: SEC Form 13F
Open SEC evidence
Latest holder context comes from 123 institutions filings for Q1 2026.
Security key
922907712
Latest holder period
Q1 2026
13F holders
123
13D/G owners
1
CIK / CUSIP context first
Broader feeds
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 922907712:
13D/G owners
Significant owners
Large-stake holder rows connected to Schedule 13D/G evidence.
Rows
1
Security
VCRM
| 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 Mar 2026, 123 institutional investors reported holding 10,270,865 shares of Vanguard Municipal Bond Funds - Common (VCRM). This represents 81% of the company’s total 12,616,245 outstanding shares.
13F concentration
Top 25 institutional shareholders
Largest 13F positions for this security by reported shares and value.
Top holder share
70%
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| HBK Sorce Advisory LLC | 27% | 3,460,873 | +924% | 5.4% | $262,091,887 |
| Aprio Wealth Management, LLC | 5% | 631,116 | +9% | 2.6% | $47,428,367 |
| Verum Partners LLC | 4.8% | 602,359 | +25% | 8.6% | $45,267,258 |
| Karpus Management, Inc. | 4.7% | 590,059 | +6.5% | 1.4% | $44,342,935 |
| Mills Wealth Advisors LLC | 3.2% | 399,237 | +18% | 10% | $30,002,661 |
| Topsail Wealth Management, LLC | 3% | 384,157 | +18% | 4.3% | $28,869,414 |
| Focus Partners Wealth | 2.4% | 307,708 | +215% | 0.03% | $23,124,276 |
| Confluence Wealth Services, Inc. | 2.1% | 269,435 | +24% | 0.79% | $20,248,041 |
| Opus Capital Group, LLC | 2% | 249,876 | +12% | 2% | $18,778,000 |
| JONES FINANCIAL COMPANIES LLLP | 1.9% | 245,112 | +2478% | 0.01% | $18,327,281 |
| San Luis Wealth Advisors LLC | 1.8% | 230,441 | -3.6% | 2.9% | $17,317,618 |
| MB, LEVIS & ASSOCIATES, LLC | 1.4% | 181,877 | +0.86% | 5.7% | $13,668,050 |
| Elite Life Management LLC | 1.4% | 173,841 | 17% | $13,164,979 | |
| CGN Advisors LLC | 1.4% | 172,279 | -0.25% | 1% | $12,946,767 |
| HighTower Advisors, LLC | 0.86% | 108,489 | +3091% | 0.01% | $8,153,703 |
| Verus Financial Partners, Inc. | 0.77% | 97,483 | +8.7% | 0.66% | $7,386,295 |
| TAGStone Capital, Inc. | 0.77% | 97,174 | -6.4% | 2.6% | $7,302,654 |
| TRUIST FINANCIAL CORP | 0.73% | 92,586 | +277% | 0.01% | $6,957,865 |
| ENVESTNET ASSET MANAGEMENT INC | 0.71% | 88,953 | +567% | 0% | $6,684,786 |
| Physician Wealth Advisors, Inc. | 0.69% | 87,225 | +7% | 0.91% | $6,554,958 |
| TFO Wealth Partners, LLC | 0.65% | 82,559 | +178% | 0.84% | $6,204,317 |
| Tilson Financial Group, Inc. | 0.58% | 73,771 | +31% | 1.7% | $5,543,895 |
| Physician Wealth Solutions Inc. | 0.56% | 71,095 | -5.5% | 2.2% | $5,342,789 |
| Blume Capital Management, Inc. | 0.56% | 70,650 | -16% | 0.9% | $5,309,348 |
| Keystone Financial Group, Inc. | 0.47% | 59,661 | +86% | 2.3% | $4,483,491 |
Quarter history
Institutional holders across reporting periods
Holder count, reported shares/value, and median price by quarter.
Periods
6
Latest
Q1 2026
Rows shown
1-6 of 6
| Period | 13F Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 10,270,865 | $773,972,593 | +$315,865,791 | $75.15 | 123 |
| 2025 Q4 | 6,094,257 | $460,825,847 | +$155,463,136 | $75.57 | 117 |
| 2025 Q3 | 4,008,551 | $301,705,782 | +$146,462,241 | $75.25 | 77 |
| 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 |