Latest Period
Q4 2025
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
117
Shares (Excl. Options)
6,094,257
Price
$75.57
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- Type / Class
- Equity / Common
- Symbol
- VCRM
- Shares outstanding
- 12,616,245
- Price per share
- $75.74
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 6,094,257
- Total reported value
- $460,825,847
- % of total 13F portfolios
- 0.01%
- Share change
- +2,055,511
- Value change
- +$155,463,136
- Number of holders
- 117
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- VCRM - Vanguard Municipal Bond Funds - Common is tracked under CUSIP 922907712.
- 117 institutions reported positions in Q4 2025.
- 1 significant owner is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 117 to 95 between Q4 2025 and Q1 2026.
- Reported value moved from $460,825,847 to $660,473,147.
Why This Matters
- 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.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 117 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 922907712?
CUSIP 922907712 identifies VCRM - Vanguard Municipal Bond Funds - Common in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 922907712:
Significant Owners of Vanguard Municipal Bond Funds - Common (VCRM) based on Schedule 13D/G filings
| 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, 117 institutional investors reported holding 6,094,257 shares of Vanguard Municipal Bond Funds - Common (VCRM). This represents 48% of the company’s total 12,616,245 outstanding shares.
Top 25 Institutional Shareholders
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 |
| Rehmann Capital Advisory Group | 0.37% | 46,920 | +8.9% | 0.19% | $3,610,810 |
Institutional Holders of Vanguard Municipal Bond Funds - Common (VCRM) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 8,759,327 | $660,473,147 | +$295,127,098 | $75.15 | 95 |
| 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 |