Vanguard Intermediate-Term Treasury

VGIT • NASDAQ

Vanguard Intermediate-Term Treasury is an exchange-traded fund on NASDAQ. As of Q3 2025, 800 institutional investors hold shares in this ETF, with total holdings valued at $24.6B. JPMORGAN CHASE & CO is the largest holder with a position valued at $4.3B.

Overview

Overview of institutional ownership in VGIT as of Q3 2025

All Institutions

Institutions: 800
Value Held: $24.6B
Shares Held: 409.6M
Avg Position: $30.7M
Median Position: $1.7M

Hedge Funds

Hedge Funds: 11
Value Held: $120.1M
Shares Held: 2.0M
Avg Position: $10.9M
Median Position: $6.5M

Biggest Investors

Institutions with the largest positions in VGIT as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$4.3B 0.28% of portfolio	71.8M shares	Q1 2016 Held for 9y 9m	$1.56T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$3.0B 0.22% of portfolio	49.8M shares	≤ Q2 2013 Held for 12y 6m+	$1.33T
E Employees Retirement System of Texas Institution	-	$1.4B 11.57% of portfolio	23.9M shares	Q1 2024 Held for 1y 9m	$12.4B
Empower Advisory Group, LLC RIA/Wealth	Jonathan David Kreider CEO	$1.2B 3.40% of portfolio	20.4M shares	Q1 2023 Held for 2y 9m	$36.1B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.2B 0.07% of portfolio	19.8M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T
Creative Planning RIA/Wealth	Peter Alex Mallouk CEO	$987.9M 0.75% of portfolio	16.5M shares	Q4 2014 Held for 11 years	$130.86B
SCS Capital Management LLC RIA/Wealth	Antony James Abbiati CEO	$895.6M 9.76% of portfolio	14.9M shares	Q3 2023 Held for 2y 3m	$9.2B
C Colony Group, LLC Institution	-	$569.3M 0.93% of portfolio	9.5M shares	Q4 2023 Held for 2 years	$61.0B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$464.2M 0.11% of portfolio	7.7M shares	Q1 2016 Held for 9y 9m	$433.11B
R Ronald Blue Trust, Inc. Institution	-	$423.1M 4.75% of portfolio	7.0M shares	Q2 2022 Held for 3y 6m	$8.9B

Net Capital Flow

Institutional buying and selling activity for VGIT in Q3 2025

Traded: +$969.0M
Buyers: 473
Sellers: 281
Total Bought: +$1.8B
Total Sold: −$788.5M
Avg Position: $28.6M

Biggest Buyers

Institution	Net Bought	Current Position
SCS Capital Management LLC RIA/Wealth	+$262.6M +4.4M shares	$895.6M 14.9M shares
BANK OF AMERICA CORP /DE/ Institution	+$219.1M +3.7M shares	$3.0B 49.8M shares
CAMBRIDGE ASSOCIATES LLC /MA/ /ADV Fund of Funds	+$104.3M +1.7M shares	$329.9M 5.5M shares
Creative Planning RIA/Wealth	+$84.1M +1.4M shares	$987.9M 16.5M shares
Empower Advisory Group, LLC RIA/Wealth	+$81.2M +1.4M shares	$1.2B 20.4M shares
C Colony Group, LLC Institution	+$60.8M +1.0M shares	$569.3M 9.5M shares
Buckingham Strategic Partners RIA/Wealth	+$56.9M +947.8K shares	$386.0M 6.4M shares
Savant Capital, LLC RIA/Wealth	+$45.7M +761.3K shares	$47.0M 783.6K shares
MORGAN STANLEY RIA/Wealth	+$43.2M +719.0K shares	$1.2B 19.8M shares
COLDSTREAM CAPITAL MANAGEMENT INC RIA/Wealth	+$40.7M +677.6K shares	$84.3M 1.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
JPMORGAN CHASE & CO Institution	−$149.2M −2.5M shares	$4.3B 71.8M shares
MIDLAND WEALTH ADVISORS LLC RIA/Wealth	−$119.0M −2.0M shares	$31.6M 526.1K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	−$117.9M −2.0M shares	Sold Off 0 shares
FMR LLC Institution	−$43.5M −724.0K shares	$319.9M 5.3M shares
F Fisher Asset Management, LLC Institution	−$41.8M −696.7K shares	$206.0M 3.4M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	−$35.8M −596.6K shares	$38.5M 641.7K shares
M Mitsubishi UFJ Asset Management Co., Ltd. Institution	−$28.4M −474.0K shares	$38.7M 645.2K shares
GOLDMAN SACHS GROUP INC Institution	−$22.4M −373.8K shares	$18.1M 301.3K shares
P Permanent Capital Management, LP RIA/Wealth	−$18.9M −314.9K shares	$42.1M 700.8K shares
Summit Trail Advisors, LLC RIA/Wealth	−$13.7M −228.3K shares	$66.4M 1.1M shares

Entry and Exit Activity

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

New Positions: 37
New Value: $39.9M
Exited Positions: 58
Exited Value: $168.4M

New Positions

Institution	Position Value
SEVEN MILE ADVISORY RIA/Wealth	$13.7M 228.3K shares
Balance Wealth, LLC RIA/Wealth	$7.2M 120.5K shares
O Onyx Bridge Wealth Group LLC RIA/Wealth	$4.4M 73.3K shares
S SURIENCE PRIVATE WEALTH LLC RIA/Wealth	$2.0M 33.8K shares
Kassira Wealth Management LLC RIA/Wealth	$1.8M 30.5K shares
Discipline Wealth Solutions, LLC RIA/Wealth	$1.7M 28.2K shares
Miller Investment Management, LP RIA/Wealth	$1.3M 22.3K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$836.8K 13.9K shares
C CYNOSURE MANAGEMENT, LLC Fund of Funds	$669.5K 11.2K shares
M Morton Capital Management LLC/CA Institution	$552.7K 9.2K shares

Exited Positions

Institution	Previous Position
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	$117.9M 2.0M shares
Divergent Planning, LLC RIA/Wealth	$9.7M 162.3K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$8.6M 144.5K shares
Segment Wealth Management, LLC RIA/Wealth	$5.5M 92.3K shares
Fluent Financial, LLC RIA/Wealth	$5.3M 88.2K shares
Retireful, LLC ETF Provider	$2.7M 44.8K shares
Forefront Analytics, LLC RIA/Wealth	$2.5M 42.6K shares
Ballentine Partners, LLC Family Office	$2.4M 39.3K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.7M 28.1K shares
SRS Capital Advisors, Inc. RIA/Wealth	$1.3M 21.8K shares

Options Activity

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

Call Positions: 1
Call Value: $240.1K
Put Positions: 2
Put Value: $324.2K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$240.1K 40.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$324.2K 54.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Heritage Financial Services, LLC RIA/Wealth	Sammy Amr Azzouz CEO	23.79% $264.7M	4.4M shares	Q4 2022 Held for 3 years	$1.1B
Gitterman Wealth Management, LLC RIA/Wealth	Jeffrey Lewis Gitterman Founder	19.27% $84.1M	1.4M shares	Q1 2021 Held for 4y 9m	$436.5M
B BIRCHBROOK, INC. RIA/Wealth	Lucie Elizabeth Estabrook CEO	18.23% $35.3M	587.3K shares	Q4 2023 Held for 2 years	$193.3M
LIBRA WEALTH LLC RIA/Wealth	Mark Francis Astrinos CEO	17.66% $58.8M	979.6K shares	Q2 2022 Held for 3y 6m	$333.0M
O OneAscent Investment Solutions LLC Long Only Manager	Coleman James Pearson President	16.86% $15.8M	263.4K shares	Q1 2025 Held for 9 months	$93.8M
N Nova R Wealth, Inc. RIA/Wealth	Timothy Ray Rodgers Managing Partner	13.64% $32.2M	536.0K shares	Q2 2022 Held for 3y 6m	$235.9M
E Emprise Bank Institution	-	13.56% $31.4M	522.3K shares	Q1 2024 Held for 1y 9m	$231.3M
E Employees Retirement System of Texas Institution	-	11.57% $1.4B	23.9M shares	Q1 2024 Held for 1y 9m	$12.4B
NEPC LLC Fund of Funds	Michael Patrick Manning CEO	10.25% $388.6M	6.5M shares	Q4 2022 Held for 3 years	$3.8B
Alaethes Wealth LLC RIA/Wealth	Candise Lisa Holmlund CCO	10.02% $35.3M	588.9K shares	Q4 2024 Held for 1 year	$352.7M

Hedge Fund Spotlight

Discover hedge funds investing in VGIT

Cove Street Capital, LLC

Hedge Fund • Value

Portfolio ManagerMatthew James Weber

Portfolio Value: $75.9M
Positions: 93
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Intermediate-Term Treasury

Market Value: $300.2K
Shares Held: 5.0K
Portfolio Weight: 0.40%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 American Vanguard AVD	Agricultural Inputs Basic Materials	$8.0M	10.58%
2 Research Solutions RSSS	Software - Application Technology	$5.0M	6.56%
3 Six Flags Entertainment FUN	Leisure Consumer Cyclical	$4.6M	6.12%