Vanguard Core Bond

VCRB • NASDAQ

Vanguard Core Bond is an exchange-traded fund on NASDAQ. As of Q3 2025, 197 institutional investors hold shares in this ETF, with total holdings valued at $3.3B. HBK Sorce Advisory LLC is the largest holder with a position valued at $680.4M.

Overview

Overview of institutional ownership in VCRB as of Q3 2025

All Institutions

Institutions: 197
Value Held: $3.3B
Shares Held: 42.1M
Avg Position: $16.8M
Median Position: $2.6M

Hedge Funds

Hedge Funds: 3
Value Held: $686.2M
Shares Held: 8.7M
Avg Position: $228.7M
Median Position: $5.5M

Biggest Investors

Institutions with the largest positions in VCRB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy	Matthew Atcheson Leffers President	$680.4M 16.66% of portfolio	8.6M shares	Q1 2024 Held for 1y 8m	$4.1B
SIGNATUREFD, LLC RIA/Wealth	Heather A Robertson Fortner CEO	$374.7M 5.92% of portfolio	4.8M shares	Q1 2025 Held for 8 months	$6.3B
Martel Wealth Advisors Inc RIA/Wealth	Mark Stephen Martel CEO	$113.2M 19.84% of portfolio	1.4M shares	Q4 2024 Held for 11 months	$570.8M
BKD Wealth Advisors, LLC RIA/Wealth	William Thompson Sneed President	$102.8M 2.04% of portfolio	1.3M shares	Q2 2024 Held for 1y 5m	$5.0B
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	Hyun Michael Kim CEO	$101.7M 0.22% of portfolio	1.3M shares	Q1 2025 Held for 8 months	$46.5B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$87.3M 0.01% of portfolio	1.1M shares	Q1 2025 Held for 8 months	$1.33T
Diversified Portfolios, Inc. RIA/Wealth	Katharine Post Wagner President	$81.4M 7.19% of portfolio	1.0M shares	Q2 2024 Held for 1y 5m	$1.1B
C CLS Investments, LLC Institution	-	$76.3M 0.61% of portfolio	972.6K shares	Q2 2025 Held for 5 months	$12.5B
Smith & Howard Wealth Management, LLC RIA/Wealth	Timothy Fair Agnew President	$73.4M 17.12% of portfolio	936.7K shares	Q2 2025 Held for 5 months	$429.1M
A ALERUS FINANCIAL NA Institution	-	$71.5M 3.64% of portfolio	911.3K shares	Q3 2025 Held for 2 months	$2.0B

Net Capital Flow

Institutional buying and selling activity for VCRB in Q3 2025

Traded: +$756.9M
Buyers: 169
Sellers: 32
Total Bought: +$792.6M
Total Sold: −$35.7M
Avg Position: $15.9M

Biggest Buyers

Institution	Net Bought	Current Position
A ALERUS FINANCIAL NA Institution	+$71.5M +911.3K shares	$71.5M 911.3K shares
ORRSTOWN FINANCIAL SERVICES INC Institution	+$62.9M +801.9K shares	$63.4M 808.3K shares
BLB&B Advisors, LLC RIA/Wealth	+$53.0M +676.2K shares	$53.0M 676.2K shares
BKD Wealth Advisors, LLC RIA/Wealth	+$37.9M +483.1K shares	$102.8M 1.3M shares
First Citizens Asset Management, Inc. RIA/Wealth	+$34.9M +445.1K shares	$34.9M 445.1K shares
Envestnet Portfolio Solutions, Inc. Long Only Manager	+$34.8M +443.2K shares	$38.6M 491.8K shares
HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy	+$33.8M +429.1K shares	$680.4M 8.6M shares
BANK OF AMERICA CORP /DE/ Institution	+$32.1M +409.7K shares	$87.3M 1.1M shares
Alaethes Wealth LLC RIA/Wealth	+$31.9M +407.4K shares	$31.9M 407.4K shares
FIRST CITIZENS INVESTOR SERVICES, INC. RIA/Wealth	+$29.0M +369.3K shares	$29.0M 369.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
J JANE STREET GROUP, LLC Institution	−$18.4M −234.3K shares	$6.5M 83.2K shares
FIRST FINANCIAL HOLDINGS, INC. Institution	−$5.4M −69.3K shares	$1.0M 13.0K shares
GOLDMAN SACHS GROUP INC Institution	−$4.5M −58.1K shares	Sold Off 0 shares
O OLD MISSION CAPITAL LLC Institution	−$3.6M −46.1K shares	Sold Off 0 shares
F FLOW TRADERS U.S. LLC Institution	−$666.2K −8.5K shares	$2.2M 28.3K shares
H HRT FINANCIAL LLC Institution	−$577.0K −7.4K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$442.2K −5.7K shares	Sold Off 0 shares
R Rialto Wealth Management, LLC RIA/Wealth	−$243.0K −3.1K shares	$25.7K 328.0 shares
Retirement Planning Group RIA/Wealth	−$225.3K −2.9K shares	$2.5M 31.8K shares
Integrated Wealth Concepts LLC RIA/Wealth	−$222.0K −2.9K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 41
New Value: $351.6M
Exited Positions: 11
Exited Value: $9.8M

New Positions

Institution	Position Value
A ALERUS FINANCIAL NA Institution	$71.5M 911.3K shares
BLB&B Advisors, LLC RIA/Wealth	$53.0M 676.2K shares
First Citizens Asset Management, Inc. RIA/Wealth	$34.9M 445.1K shares
Alaethes Wealth LLC RIA/Wealth	$31.9M 407.4K shares
FIRST CITIZENS INVESTOR SERVICES, INC. RIA/Wealth	$29.0M 369.3K shares
Essex LLC RIA/Wealth	$24.3M 309.6K shares
I Investment Planning Advisors, Inc. Institution	$21.5M 274.5K shares
SMITHBRIDGE ASSET MANAGEMENT INC/DE RIA/Wealth	$18.4M 234.5K shares
Rise Advisors, LLC RIA/Wealth	$17.4M 222.1K shares
BP WEALTH MANAGEMENT, LLC RIA/Wealth	$16.2M 206.2K shares

Exited Positions

Institution	Previous Position
GOLDMAN SACHS GROUP INC Institution	$4.5M 58.1K shares
O OLD MISSION CAPITAL LLC Institution	$3.6M 46.1K shares
H HRT FINANCIAL LLC Institution	$577.0K 7.4K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$442.2K 5.7K shares
Integrated Wealth Concepts LLC RIA/Wealth	$222.0K 2.9K shares
C CI Private Wealth, LLC RIA/Wealth	$202.6K 2.6K shares
Olistico Wealth, LLC RIA/Wealth	$155.5K 2.0K shares
Asset Dedication, LLC RIA/Wealth	$55.9K 720.0 shares
Mid-American Wealth Advisory Group, Inc. RIA/Wealth	$30.6K 394.0 shares
Keystone Financial Group, Inc. RIA/Wealth	$23.4K 305.0 shares

Options Activity

Institutions with the largest Call and Put options positions in VCRB 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 VCRB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Magnolia Wealth Management, LLC RIA/Wealth	Edwin Alan Cox CCO	29.42% $47.6M	606.5K shares	Q2 2024 Held for 1y 5m	$161.6M
Martel Wealth Advisors Inc RIA/Wealth	Mark Stephen Martel CEO	19.84% $113.2M	1.4M shares	Q4 2024 Held for 11 months	$570.8M
Smith & Howard Wealth Management, LLC RIA/Wealth	Timothy Fair Agnew President	17.12% $73.4M	936.7K shares	Q2 2025 Held for 5 months	$429.1M
HBK Sorce Advisory LLC Hedge Fund•Multi-Strategy	Matthew Atcheson Leffers President	16.66% $680.4M	8.6M shares	Q1 2024 Held for 1y 8m	$4.1B
M Momentous Wealth Management, Inc. RIA/Wealth	Todd Walter Pisarczyk Managing Partner	16.44% $25.9M	330.6K shares	Q4 2024 Held for 11 months	$157.7M
Tull Financial Group, Inc. RIA/Wealth	Robert White Tull President	15.99% $36.2M	461.9K shares	Q3 2024 Held for 1y 2m	$226.5M
Mills Wealth Advisors LLC RIA/Wealth	Michael Alan Mills President	15.11% $31.2M	398.3K shares	Q4 2023 Held for 1y 11m	$206.7M
First Citizens Asset Management, Inc. RIA/Wealth	Michael Christopher Wilson President	12.45% $34.9M	445.1K shares	Q3 2025 Held for 2 months	$280.4M
Tilson Financial Group, Inc. RIA/Wealth	Robert Tilson President	11.89% $36.2M	461.3K shares	Q1 2024 Held for 1y 8m	$304.3M
FIRST CITIZENS INVESTOR SERVICES, INC. RIA/Wealth	David Lee Biliter President	11.19% $29.0M	369.3K shares	Q3 2025 Held for 2 months	$258.8M

Hedge Fund Spotlight

Discover hedge funds investing in VCRB

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Core Bond

Market Value: $5.5M
Shares Held: 70.5K
Portfolio Weight: 0.00%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%