Vanguard Short-Term Corporate Bond

VCSH • NASDAQ

Vanguard Short-Term Corporate Bond is an exchange-traded fund on NASDAQ. As of Q3 2025, 1,318 institutional investors hold shares in this ETF, with total holdings valued at $24.0B. BANK OF AMERICA CORP /DE/ is the largest holder with a position valued at $5.5B.

Overview

Overview of institutional ownership in VCSH as of Q3 2025

All Institutions

Institutions: 1,318
Value Held: $24.0B
Shares Held: 300.1M
Avg Position: $18.2M
Median Position: $1.5M

Hedge Funds

Hedge Funds: 18
Value Held: $156.0M
Shares Held: 2.0M
Avg Position: $8.7M
Median Position: $669.7K

Biggest Investors

Institutions with the largest positions in VCSH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$5.5B 0.41% of portfolio	69.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.5B 0.09% of portfolio	19.2M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
P PRUDENTIAL PLC Institution	-	$993.2M 7.30% of portfolio	12.4M shares	Q4 2018 Held for 6y 11m	$13.6B
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	Christopher Russell Todd CEO	$538.0M 0.16% of portfolio	6.7M shares	≤ Q2 2013 Held for 12y 5m+	$341.99B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$506.9M 0.10% of portfolio	6.3M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
D D. E. Shaw & Co., Inc. Institution	-	$498.8M 0.43% of portfolio	6.2M shares	Q4 2023 Held for 1y 11m	$115.81B
R ROYAL BANK OF CANADA Institution	-	$429.1M 0.08% of portfolio	5.4M shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
UBS Group AG Institution	Sergio P. Ermotti CEO	$423.3M 0.08% of portfolio	5.3M shares	Q4 2014 Held for 10y 11m	$511.54B
BABSON CAPITAL MANAGEMENT LLC Insurance Manager	Michael David Freno CEO	$408.3M 8.02% of portfolio	5.1M shares	Q4 2019 Held for 5y 11m	$5.1B
NEPC LLC Fund of Funds	Michael Patrick Manning CEO	$400.5M 10.56% of portfolio	5.0M shares	Q1 2021 Held for 4y 8m	$3.8B

Net Capital Flow

Institutional buying and selling activity for VCSH in Q3 2025

Net Flow: +$314.2M
Buyers: 660
Sellers: 468
Total Bought: +$1.8B
Total Sold: −$1.5B
Avg Position: $18.1M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$413.3M +5.2M shares	$5.5B 69.2M shares
D D. E. Shaw & Co., Inc. Institution	+$177.9M +2.2M shares	$498.8M 6.2M shares
MORGAN STANLEY RIA/Wealth	+$152.5M +1.9M shares	$1.5B 19.2M shares
Farther Finance Advisors, LLC RIA/Wealth	+$59.6M +745.4K shares	$71.7M 897.3K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$45.1M +564.5K shares	$397.7M 5.0M shares
WELLS FARGO & COMPANY/MN Institution	+$39.8M +498.0K shares	$506.9M 6.3M shares
F FLOW TRADERS U.S. LLC Institution	+$32.3M +403.6K shares	$40.6M 507.6K shares
SRS Capital Advisors, Inc. RIA/Wealth	+$25.7M +258.2K shares	$25.8M 258.7K shares
N NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Institution	+$23.0M +288.2K shares	$151.0M 1.9M shares
GOLDMAN SACHS GROUP INC Institution	+$21.0M +262.9K shares	$247.4M 3.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
I III Capital Management Hedge Fund•Multi-Strategy	−$171.7M −2.2M shares	Sold Off 0 shares
J Japan Science & Technology Agency Institution	−$164.6M −2.1M shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$121.2M −1.5M shares	$116.6M 1.5M shares
C CI Private Wealth, LLC RIA/Wealth	−$102.3M −1.3M shares	$67.3M 841.5K shares
T Trans-Canada Capital Inc. Institution	−$95.1M −1.2M shares	$48.2M 603.0K shares
ENVESTNET ASSET MANAGEMENT INC Long Only Manager	−$79.5M −994.4K shares	$538.0M 6.7M shares
A American Family Investments, Inc. Institution	−$67.2M −845.2K shares	Sold Off 0 shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	−$63.3M −792.1K shares	$48.6M 608.1K shares
I iA Global Asset Management Inc. Institution	−$48.1M −601.3K shares	$32.2M 402.9K shares
J JANE STREET GROUP, LLC Institution	−$41.3M −517.2K shares	$239.3K 3.0K shares

Entry and Exit Activity

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

New Positions: 31
New Value: $84.1M
Exited Positions: 73
Exited Value: $513.4M

New Positions

Institution	Position Value
Mach-1 Financial Group, Inc. RIA/Wealth	$18.6M 232.7K shares
Integrity Advisory Solutions, LLC RIA/Wealth	$18.6M 232.7K shares
Balance Wealth, LLC RIA/Wealth	$11.2M 139.6K shares
P PROFESSIONAL ADVISORY SERVICES INC RIA/Wealth	$7.1M 88.3K shares
G Gunma Bank,Ltd. Institution	$6.8M 85.0K shares
SMITHBRIDGE ASSET MANAGEMENT INC/DE RIA/Wealth	$4.0M 49.9K shares
A Arrowpoint Investment Partners Pte. Ltd. Institution	$3.4M 42.6K shares
Intelligent Financial Strategies RIA/Wealth	$3.3M 41.0K shares
S STEINBERGANNA WEALTH MANAGEMENT RIA/Wealth	$2.1M 26.5K shares
R Rede Wealth, LLC RIA/Wealth	$1.5M 19.1K shares

Exited Positions

Institution	Previous Position
I III Capital Management Hedge Fund•Multi-Strategy	$171.7M 2.2M shares
J Japan Science & Technology Agency Institution	$164.6M 2.1M shares
A American Family Investments, Inc. Institution	$67.2M 845.2K shares
S STATE FARM MUTUAL AUTOMOBILE INSURANCE CO Institution	$26.4M 331.9K shares
C Capitolis Liquid Global Markets LLC Private Equity	$15.9M 200.0K shares
J Jump Financial, LLC Institution	$14.3M 180.0K shares
Kingstone Capital Partners Texas, LLC RIA/Wealth	$7.4M 93.7K shares
Advisors Preferred, LLC Institution	$7.4M 93.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.8M 86.1K shares
V VANTAGEPOINT INVESTMENT ADVISERS LLC Institution	$3.2M 40.8K shares

Options Activity

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Q Quantum Financial Planning Services, Inc. RIA/Wealth	James Barber Twining CEO	25.35% $62.7M	784.2K shares	Q4 2024 Held for 11 months	$247.3M
BCK Partners, Inc. RIA/Wealth	Sarah Jean Creath Owner	23.05% $42.8M	535.5K shares	Q4 2020 Held for 4y 11m	$185.7M
JBGlobal.com LLC RIA/Wealth	James G. Berman Managing Partner	22.99% $22.6M	282.4K shares	Q4 2024 Held for 11 months	$98.2M
William Mack & Associates, Inc. RIA/Wealth	Theodore Karl Bugenski President	20.60% $38.3M	479.3K shares	Q4 2024 Held for 11 months	$185.9M
Eaton-Cambridge Inc. RIA/Wealth	Shawna Stapleton Partner	15.94% $45.8M	573.2K shares	Q4 2023 Held for 1y 11m	$287.5M
Beacon Financial Strategies CORP RIA/Wealth	Nathan Ross Hymiller President	13.44% $22.8M	285.0K shares	Q2 2021 Held for 4y 5m	$169.5M
A AAFMAA Wealth Management & Trust LLC Institution	-	13.14% $33.1M	414.2K shares	Q4 2023 Held for 1y 11m	$252.1M
Adaptive Financial Consulting, LLC RIA/Wealth	Jonathan Ian Grundman CIO	12.53% $31.3M	392.1K shares	Q4 2019 Held for 5y 11m	$250.1M
Employees' Retirement Fund of the City of Fort Worth RIA/Wealth	Yves M Balcer Founder	11.49% $21.2M	265.5K shares	Q1 2022 Held for 3y 8m	$184.6M
Robinson Value Management, Ltd. RIA/Wealth	Amy Abbey Robinson CEO	11.20% $19.3M	241.5K shares	Q4 2020 Held for 4y 11m	$172.4M

Hedge Fund Spotlight

Discover hedge funds investing in VCSH

AQR CAPITAL MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDavid Gary Kabiller

Portfolio Value: $156.17B
Positions: 3,453
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Short-Term Corporate Bond

Market Value: $208.5K
Shares Held: 2.6K
Portfolio Weight: 0.00%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$4.1B	2.62%
2 Microsoft MSFT	Software - Infrastructure Technology	$3.2B	2.05%
3 Apple AAPL	Consumer Electronics Technology	$2.8B	1.76%