Vanguard Short-Term Bond

BSV • ARCA

Vanguard Short-Term Bond is an exchange-traded fund on ARCA. As of Q3 2025, 1,182 institutional investors hold shares in this ETF, with total holdings valued at $29.7B. MORGAN STANLEY is the largest holder with a position valued at $3.0B.

Overview

Overview of institutional ownership in BSV as of Q3 2025

All Institutions

Institutions: 1,182
Value Held: $29.7B
Shares Held: 377.3M
Avg Position: $25.2M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 8
Value Held: $62.4M
Shares Held: 790.2K
Avg Position: $7.8M
Median Position: $2.4M

Biggest Investors

Institutions with the largest positions in BSV as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$3.0B 0.18% of portfolio	38.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	Charles David Welling CEO	$3.0B 4.99% of portfolio	37.9M shares	Q1 2019 Held for 6y 8m	$59.9B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$2.2B 0.65% of portfolio	28.0M shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$2.0B 0.13% of portfolio	25.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
Empower Advisory Group, LLC RIA/Wealth	Tina Marie Wilson CEO	$1.5B 4.27% of portfolio	19.5M shares	Q1 2023 Held for 2y 8m	$36.1B
Hanson McClain, Inc. RIA/Wealth	John Bradley Bunch CEO	$1.5B 6.70% of portfolio	19.2M shares	Q1 2015 Held for 10y 8m	$22.6B
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$1.4B 0.20% of portfolio	17.2M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$853.0M 0.11% of portfolio	10.8M shares	Q1 2020 Held for 5y 8m	$782.01B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$725.7M 0.05% of portfolio	9.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$549.1M 0.11% of portfolio	7.0M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B

Net Capital Flow

Institutional buying and selling activity for BSV in Q3 2025

Net Flow: −$1.7B
Buyers: 544
Sellers: 477
Total Bought: +$1.8B
Total Sold: −$3.4B
Avg Position: $24.9M

Biggest Buyers

Institution	Net Bought	Current Position
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	+$298.0M +3.8M shares	$3.0B 37.9M shares
WELLS FARGO & COMPANY/MN Institution	+$161.2M +2.0M shares	$549.1M 7.0M shares
BANK OF AMERICA CORP /DE/ Institution	+$136.4M +1.7M shares	$725.7M 9.2M shares
Empower Advisory Group, LLC RIA/Wealth	+$112.9M +1.4M shares	$1.5B 19.5M shares
MORGAN STANLEY RIA/Wealth	+$79.1M +1.0M shares	$3.0B 38.6M shares
NORTHERN TRUST CORP Institution	+$69.0M +874.4K shares	$853.0M 10.8M shares
Beacon Pointe Advisors, LLC RIA/Wealth	+$65.0M +823.7K shares	$87.3M 1.1M shares
GOLDMAN SACHS GROUP INC Institution	+$52.0M +659.2K shares	$1.4B 17.2M shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	+$41.0M +519.4K shares	$465.8M 5.9M shares
A Advisor Group Holdings, Inc. Institution	+$37.8M +479.3K shares	$130.7M 1.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$2.1B −26.7M shares	$2.2B 28.0M shares
JPMORGAN CHASE & CO Institution	−$558.2M −7.1M shares	$2.0B 25.1M shares
C CI Private Wealth, LLC RIA/Wealth	−$166.2M −2.1M shares	$67.7M 857.5K shares
Beacon Capital Management, Inc. RIA/Wealth	−$96.1M −1.2M shares	$81.9M 1.0M shares
MKP Capital Management, L.L.C. Hedge Fund•Global Macro	−$76.3M −970.0K shares	Sold Off 0 shares
UNITED CAPITAL FINANCIAL ADVISERS, LLC RIA/Wealth	−$38.5M −488.0K shares	$308.1M 3.9M shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$24.2M −306.1K shares	$31.6M 400.8K shares
B Berkshire Money Management, Inc. Institution	−$24.0M −303.9K shares	$38.5M 487.8K shares
COMMONWEALTH EQUITY SERVICES, LLC. RIA/Wealth	−$20.3M −257.1K shares	$226.5M 2.9M shares
Lido Advisors, LLC RIA/Wealth	−$16.5M −208.5K shares	$2.4M 30.8K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BSV in Q3 2025

New Positions: 30
New Value: $21.2M
Exited Positions: 74
Exited Value: $157.4M

New Positions

Institution	Position Value
United Financial Planning Group LLC RIA/Wealth	$5.4M 68.7K shares
Mezzasalma Advisors, LLC RIA/Wealth	$2.8M 35.9K shares
ENDEAVOR PRIVATE WEALTH, INC. RIA/Wealth	$2.7M 33.9K shares
SEVEN MILE ADVISORY RIA/Wealth	$1.4M 18.0K shares
Parkwoods Wealth Partners, LLC RIA/Wealth	$833.4K 10.6K shares
F Full Sail Capital, LLC Institution	$808.1K 10.2K shares
V Vise Technologies, Inc. Institution	$806.1K 10.2K shares
A Arlington Financial Advisors, LLC Institution	$708.5K 9.0K shares
Maridea Wealth Management LLC RIA/Wealth	$628.4K 7.9K shares
T TECTONIC ADVISORS LLC RIA/Wealth	$550.0K 7.0K shares

Exited Positions

Institution	Previous Position
MKP Capital Management, L.L.C. Hedge Fund•Global Macro	$76.3M 970.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.9M 138.9K shares
SRS Capital Advisors, Inc. RIA/Wealth	$10.2M 116.3K shares
C Capitolis Liquid Global Markets LLC Private Equity	$7.7M 97.9K shares
COLDSTREAM CAPITAL MANAGEMENT INC RIA/Wealth	$5.4M 68.1K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$5.1M 65.4K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.1M 64.3K shares
F FLOW TRADERS U.S. LLC Institution	$4.9M 62.0K shares
KAVAR CAPITAL PARTNERS GROUP, LLC RIA/Wealth	$4.6M 58.1K shares
AlphaStar Capital Management, LLC RIA/Wealth	$3.3M 42.4K shares

Options Activity

Institutions with the largest Call and Put options positions in BSV as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with BSV as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
I International City Management Association Retirement Corp Institution	-	24.16% $47.3M	599.5K shares	Q2 2024 Held for 1y 5m	$195.8M
Windward Private Wealth Management Inc. RIA/Wealth	Andrew Steven Osborne CEO	21.82% $63.3M	801.7K shares	Q4 2020 Held for 4y 11m	$289.9M
RS CRUM INC. RIA/Wealth	Mark Kendall Rylance CEO	18.36% $82.6M	1.0M shares	Q4 2021 Held for 3y 11m	$449.9M
Integris Wealth Management, LLC RIA/Wealth	Michael Aaron Leavy CIO	14.77% $60.7M	769.3K shares	Q4 2022 Held for 2y 11m	$411.0M
Truepoint, Inc. RIA/Wealth	Michael Jay Chasnoff CEO	12.34% $530.5M	6.7M shares	Q1 2014 Held for 11y 8m	$4.3B
Compass Planning Associates Inc RIA/Wealth	Jennifer Potter Lane President	12.04% $13.1M	166.4K shares	Q4 2024 Held for 11 months	$109.0M
Martel Wealth Advisors Inc RIA/Wealth	Mark Stephen Martel CEO	11.61% $66.3M	839.9K shares	Q3 2018 Held for 7y 2m	$570.8M
Brewster Financial Planning LLC RIA/Wealth	Charles Erskine Scott Brewster Managing Partner	11.45% $18.2M	230.7K shares	Q4 2021 Held for 3y 11m	$159.0M
T True Link Financial Advisors, LLC Institution	-	11.37% $176.6M	2.2M shares	Q4 2020 Held for 4y 11m	$1.6B
F Fort Henry Capital, LLC RIA/Wealth	Russell Wayne Dunkin Member	11.19% $17.6M	223.2K shares	Q4 2020 Held for 4y 11m	$157.4M

Hedge Fund Spotlight

Discover hedge funds investing in BSV

BancFirst Trust & Investment Management

Hedge Fund • Multi-Strategy

Portfolio ManagerLevoyd Elia Robinson

Portfolio Value: $262.9M
Positions: 40
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Short-Term Bond

Market Value: $5.7M
Shares Held: 72.2K
Portfolio Weight: 2.17%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 BancFirst Corporation BANF	Banks - Regional Financial Services	$113.2M	43.07%
2 Exxon Mobil XOM	Oil & Gas Integrated Energy	$37.6M	14.31%
3 Walmart WMT	Discount Stores Consumer Defensive	$33.7M	12.81%