DOSSIER · 13F Holders · Q1 2026Most-boughtAI cap-ex
VGMS

VANGUARD MALVERN FDS

31 institutions still hold VANGUARD MALVERN FDS as of Q1 2026. Tracked across SEC 13F-HR filings, with insider and 13D/G activity surfaced alongside.

CUSIP 922020722·31 13F holders·last filed Mar 31, 2026
Market cap
6.5%
vs prior quarter
13F value held
$44M
50.0% inst. owned
of float
Holders
31
+64 QoQ
filers reporting
Activity
+39 / −46
+1,014 added · −813 reduced
this quarter
Concentration
22.18%
DAHRING | CUSMANO LLC #1
top holder share
AI Holders Summary · Q1 2026

31 institutions reported VGMS in Q1 2026. DAHRING | CUSMANO LLC leads at 22.2% of the visible book. +64 net new institutions vs prior quarter — accumulation reading.

Top holders

Sorted by position value. Source: SEC EDGAR 13F-HR filings.

#HolderValueShares% port.Quarter
01
DAHRING | CUSMANO LLC
CIK 0002053669
$10M192K6.01%Q1 2026
02
Holos Integrated Wealth LLC
CIK 0002080096
$8M155K4.01%Q1 2026
03
New Capital Management LP
CIK 0001696731
$4M85K1.06%Q1 2026
04
Rialto Wealth Management, LLC
CIK 0002054966
$3M69K0.78%Q1 2026
05
D.B. Root & Company, LLC
CIK 0001731717
$3M67K0.81%Q1 2026
06
Buska Wealth Management, LLC
CIK 0001910503
$3M59K1.21%Q1 2026
07
GSG Advisors LLC
CIK 0001995773
$2M40K0.53%Q1 2026
08
Arete Wealth Advisors, LLC
CIK 0001600151
$1M27K0.10%Q1 2026
09
JANE STREET GROUP, LLC
CIK 0001595888· Market maker
$1M27K0.00%Q1 2026
10
SAGE RHINO CAPITAL LLC
CIK 0001771605
$1M21K0.20%Q1 2026
11
AFG FIDUCIARY SERVICES LIMITED PARTNERSHIP
CIK 0001907820
$964,75119K0.56%Q1 2026
12
CRA Financial Services, LLC
CIK 0001765594
$871,43317K0.11%Q1 2026
13
D'Orazio & Associates, Inc.
CIK 0001646821
$781,63815K0.10%Q1 2026
14
KESTRA PRIVATE WEALTH SERVICES, LLC
CIK 0001649451
$771,26115K0.01%Q1 2026
15
Modern Wealth Management, LLC
CIK 0002001900
$756,59015K0.01%Q1 2026
16
COMMONWEALTH EQUITY SERVICES, LLC
CIK 0000312272
$496,54010K0.00%Q1 2026
17
ROYAL BANK OF CANADA
CIK 0001000275
$481,0009K0.00%Q1 2026
18
CITADEL ADVISORS LLC
CIK 0001423053
$422,7508K0.00%Q4 2025
19
Beacon Pointe Advisors, LLC
CIK 0001744317
$357,5397K0.00%Q1 2026
20
Independence Asset Advisors, LLC
CIK 0002010929
$337,6437K0.12%Q1 2026
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