VANGUARD STAR FDS

Vanguard Total International Stock ETF (ticker VXUS, CUSIP 921909768) is Vanguard's broad-market vehicle for developed- and emerging-markets equity exposure outside the United States — across Europe, Asia-Pacific, and EM — making it a default non-U.S. allocation for many diversified institutional portfolios. In the Q2 2026 13F data, eleven institutions reported $7.64M in VXUS holdings, a concentrated but stable set. Cacti Asset Management LLC holds VXUS as its sole dedicated international-equity vehicle at $3.62M and 42,392 shares — 47.5% of the reported base — and held its position unchanged during the quarter with a value appreciation of $355K. Cacti's flat commitment is consistent with a core holding being held autonomous of noise. Collective Family Office LLC added 241 shares (+$291K in value increase), continuing to build its non-U.S. equity anchor. Eastern Bank held 10,500 shares flat. Kerr Financial Planning aggressively added from 3 shares to 250 shares (+$21K), a step-up from tracking to meaningful exposure. The significant drag came from Versant Capital Management, which cut from 6,040 to 938 shares — a 5,102-share liquidation and -$386K value change, reducing its VXUS base by 84% in a quarter. Hilltop, Cedar Mountain, MassMutual, and Burkett all held flat.