Vanguard Ultra-Short Bond

VUSB • BATS

Vanguard Ultra-Short Bond is an exchange-traded fund on BATS. As of Q3 2025, 373 institutional investors hold shares in this ETF, with total holdings valued at $3.1B. JPMORGAN CHASE & CO is the largest holder with a position valued at $1.2B.

Overview

Overview of institutional ownership in VUSB as of Q3 2025

All Institutions

Institutions: 373
Value Held: $3.1B
Shares Held: 62.2M
Avg Position: $8.3M
Median Position: $845.6K

Hedge Funds

Hedge Funds: 5
Value Held: $136.8M
Shares Held: 2.7M
Avg Position: $27.4M
Median Position: $5.0M

Biggest Investors

Institutions with the largest positions in VUSB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.2B 0.08% of portfolio	24.1M shares	Q4 2022 Held for 2y 11m	$1.56T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$139.3M 0.01% of portfolio	2.8M shares	Q1 2023 Held for 2y 8m	$1.33T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$127.3M 0.03% of portfolio	2.5M shares	Q2 2023 Held for 2y 5m	$488.50B
Bramshill Investments, LLC Hedge Fund•Multi-Strategy	Stephen Christopher Selver CEO	$125.1M 8.55% of portfolio	2.5M shares	Q1 2025 Held for 8 months	$1.5B
R Ronald Blue Trust, Inc. Institution	-	$100.8M 1.13% of portfolio	2.0M shares	Q1 2023 Held for 2y 8m	$8.9B
Wharton Business Group, LLC RIA/Wealth	Billy Joe Webster CCO	$68.4M 2.99% of portfolio	1.4M shares	Q3 2021 Held for 4y 2m	$2.3B
HighTower Advisors, LLC RIA/Wealth	Robert David Oros CEO	$66.3M 0.08% of portfolio	1.3M shares	Q4 2021 Held for 3y 11m	$87.7B
Efficient Wealth Management LLC RIA/Wealth	Elizabeth Ann Brady Partner	$58.7M 12.69% of portfolio	1.2M shares	Q3 2021 Held for 4y 2m	$462.7M
L LPL Financial LLC Institution	-	$58.4M 0.02% of portfolio	1.2M shares	Q3 2021 Held for 4y 2m	$340.07B
Pacific Center for Financial Services Real Assets	Alexander Jason Valner President	$50.1M 12.77% of portfolio	1.0M shares	Q1 2023 Held for 2y 8m	$392.1M

Net Capital Flow

Institutional buying and selling activity for VUSB in Q3 2025

Traded: +$237.2M
Buyers: 212
Sellers: 126
Total Bought: +$350.6M
Total Sold: −$113.4M
Avg Position: $7.8M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$115.9M +2.3M shares	$1.2B 24.1M shares
Spectrum Asset Management, Inc. RIA/Wealth	+$21.4M +428.5K shares	$21.4M 428.5K shares
Eagle Capital Management, LLC RIA/Wealth	+$18.5M +371.0K shares	$18.5M 371.0K shares
N NKCFO LLC RIA/Wealth	+$17.5M +349.3K shares	$17.5M 349.3K shares
BANK OF AMERICA CORP /DE/ Institution	+$13.4M +267.4K shares	$139.3M 2.8M shares
HighTower Advisors, LLC RIA/Wealth	+$12.6M +251.8K shares	$66.3M 1.3M shares
Alpha Omega Wealth Management LLC RIA/Wealth	+$8.1M +161.6K shares	$22.4M 447.4K shares
CAPTRUST FINANCIAL ADVISORS RIA/Wealth	+$8.1M +161.5K shares	$15.4M 308.4K shares
R Ronald Blue Trust, Inc. Institution	+$7.9M +158.0K shares	$100.8M 2.0M shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	+$6.9M +138.1K shares	$28.0M 560.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
A Alpine Bank Wealth Management Institution	−$36.8M −735.5K shares	$25.9M 518.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$8.8M −176.6K shares	Sold Off 0 shares
Ashton Thomas Private Wealth, LLC RIA/Wealth	−$5.5M −110.9K shares	Sold Off 0 shares
HORIZON KINETICS ASSET MANAGEMENT LLC Long Only Manager	−$4.9M −98.3K shares	$13.2M 263.8K shares
McClarren Financial Advisors, Inc. RIA/Wealth	−$4.5M −66.1K shares	$11.9M 175.9K shares
J JANE STREET GROUP, LLC Institution	−$4.4M −87.9K shares	Sold Off 0 shares
G Global Wealth Management, LLC RIA/Wealth	−$4.1M −81.6K shares	$24.5M 489.4K shares
Northwest Capital Management Inc RIA/Wealth	−$3.1M −61.7K shares	$310.0K 6.2K shares
CWM, LLC RIA/Wealth	−$3.1M −61.2K shares	$1.6M 31.3K shares
R Roberts Wealth Advisors, LLC RIA/Wealth	−$3.0M −60.0K shares	$7.0M 139.4K shares

Entry and Exit Activity

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

New Positions: 42
New Value: $75.8M
Exited Positions: 25
Exited Value: $28.6M

New Positions

Institution	Position Value
Spectrum Asset Management, Inc. RIA/Wealth	$21.4M 428.5K shares
Eagle Capital Management, LLC RIA/Wealth	$18.5M 371.0K shares
N NKCFO LLC RIA/Wealth	$17.5M 349.3K shares
Empowered Funds, LLC ETF Provider	$2.5M 49.7K shares
Evergreen Wealth Management, LLC RIA/Wealth	$2.0M 40.6K shares
D DAYMARK WEALTH PARTNERS, LLC RIA/Wealth	$1.7M 34.7K shares
M Mustard Seed Financial, LLC Institution	$1.5M 30.8K shares
D DAVIDSON D A & CO Institution	$1.3M 25.3K shares
R R.H. Investment Group, LLC RIA/Wealth	$644.9K 12.9K shares
LifeGoal Wealth Advisors Fund of Funds	$643.5K 12.9K shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$8.8M 176.6K shares
Ashton Thomas Private Wealth, LLC RIA/Wealth	$5.5M 110.9K shares
J JANE STREET GROUP, LLC Institution	$4.4M 87.9K shares
H HRT FINANCIAL LLC Institution	$2.7M 53.6K shares
Amplius Wealth Advisors, LLC RIA/Wealth	$934.4K 18.7K shares
Buckingham Strategic Partners RIA/Wealth	$853.2K 17.1K shares
S SCOTIA CAPITAL INC. Institution	$742.3K 14.9K shares
Equitable Holdings, Inc. Institution	$596.3K 12.0K shares
Fortitude Family Office, LLC Family Office	$543.5K 10.9K shares
T TWO SIGMA SECURITIES, LLC Institution	$501.0K 10.0K shares

Options Activity

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G Global Wealth Management, LLC RIA/Wealth	Sripat Pandey President	12.84% $24.5M	489.4K shares	Q3 2024 Held for 1y 2m	$190.5M
Pacific Center for Financial Services Real Assets	Alexander Jason Valner President	12.77% $50.1M	1.0M shares	Q1 2023 Held for 2y 8m	$392.1M
Efficient Wealth Management LLC RIA/Wealth	Elizabeth Ann Brady Partner	12.69% $58.7M	1.2M shares	Q3 2021 Held for 4y 2m	$462.7M
R Red Wave Investments LLC Institution	-	10.21% $31.9M	637.3K shares	Q4 2022 Held for 2y 11m	$312.2M
ZAZOVE ASSOCIATES LLC Hedge Fund•Multi-Strategy	Gene Thomas Pretti CEO	10.01% $5.0M	100.0K shares	Q1 2023 Held for 2y 8m	$49.9M
K KITCHING PARTNERS, LLC RIA/Wealth	Stephen Richard Kitching Managing Partner	9.95% $10.5M	210.6K shares	Q4 2023 Held for 1y 11m	$105.9M
Fortis Advisors, LLC Family Office	Sanjiv Kumar Founder	9.82% $17.1M	342.0K shares	Q3 2022 Held for 3y 2m	$174.1M
D David Kennon Inc Institution	-	9.16% $25.4M	508.8K shares	Q1 2023 Held for 2y 8m	$277.8M
Bramshill Investments, LLC Hedge Fund•Multi-Strategy	Stephen Christopher Selver CEO	8.55% $125.1M	2.5M shares	Q1 2025 Held for 8 months	$1.5B
S SpringVest Wealth Management LLC Institution	-	7.69% $10.4M	208.9K shares	Q4 2024 Held for 11 months	$135.8M

Hedge Fund Spotlight

Discover hedge funds investing in VUSB

Kintayl Capital LP

Hedge Fund • Long/Short

Portfolio ManagerAshley Taylor Amarosa

Portfolio Value: $145.8M
Positions: 36
Last Reported: Q3 2025

Sector Allocation

Position in Vanguard Ultra-Short Bond

Market Value: $6.0M
Shares Held: 120.6K
Portfolio Weight: 4.14%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Sandstorm Gold SAND	Gold Basic Materials	$11.6M	7.99%
2 Liberty Broadband Corporation LBRDK	Telecommunications Services Communication Services	$11.5M	7.88%
3 Norfolk Southern NSC	Railroads Industrials	$11.4M	7.85%