Dark
Light
System
Security
VANGUARD TAX-MANAGED FDS
VANGUARD TAX-MANAGED FDS. Institutional holdings reported to the SEC.

Institutional Holders (2016Q4)
Portfolio Summary: 745 Institutional holders with a total value of $29,966,389,745.
#
Manager Name
Shares
Value ($)
%
Options
Notes
101 RELIANCE TRUST CO OF DELAWARE 940,832 34,378,000 0.11%
102 INVESTMENT CENTERS OF AMERICA INC 932,515 34,098,000 0.11%
103 ST GERMAIN D J CO INC 930,898 34,015,000 0.11%
104 BADGLEY PHELPS & BELL INC 927,553 33,893,000 0.11%
105 AT Bancorp 921,643 33,677,000 0.11%
106 NORTHERN TRUST CORP 897,964 32,812,000 0.11%
107 Bridgewater Wealth & Financial Management, LLC 887,469 32,428,000 0.11%
108 OMNIA FAMILY WEALTH, LLC 877,624 32,068,000 0.11%
109 SIMMONS BANK 850,928 31,093,000 0.10%
110 FARMERS & MERCHANTS INVESTMENTS INC 819,754 29,954,000 0.10%
111 BOK Financial Private Wealth, Inc. 811,332 29,646,000 0.10%
112 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 785,639 28,707,000 0.10%
113 MUFG Americas Holdings Corp 781,222 28,546,000 0.10%
114 PROFFITT & GOODSON INC 770,623 28,159,000 0.09%
115 FIDUCIARY WEALTH PARTNERS, LLC 754,263 28,142,000 0.09%
116 State of Tennessee, Department of Treasury 767,900 28,059,000 0.09%
117 JNBA Financial Advisors 756,376 27,638,000 0.09%
118 BROWN ADVISORY INC 752,069 27,481,000 0.09%
119 LVW Advisors, LLC 739,128 27,008,000 0.09%
120 Wind River Trust Co 739,075 27,006,000 0.09%
121 McNamara Financial Services, Inc. 702,660 25,675,000 0.09%
122 PINNACLE ASSOCIATES LTD 692,408 25,301,000 0.08%
123 Freestone Capital Holdings, LLC 676,301 24,712,000 0.08%
124 BRONFMAN E.L. ROTHSCHILD, L.P. 675,659 24,689,000 0.08%
125 NATIONAL PLANNING CORP 634,329 24,149,000 0.08%
126 ARIEL INVESTMENTS, LLC 657,739 24,034,000 0.08%
127 MCF Advisors LLC 649,672 23,739,000 0.08%
128 BlackRock Finance, Inc. 638,338 23,324,000 0.08%
129 SIGNATURE ESTATE & INVESTMENT ADVISORS LLC 631,140 23,062,000 0.08%
130 Carlson Capital Management 630,798 23,049,000 0.08%
131 UMB Bank, n.a. 622,092 22,731,000 0.08%
132 Pure Financial Advisors, LLC 616,645 22,532,000 0.08%
133 Wealth Architects, LLC 609,883 22,285,000 0.07%
134 ASPIRIANT, LLC 607,038 22,181,000 0.07%
135 TRUIST FINANCIAL CORP 605,983 22,143,000 0.07%
136 Veritable, L.P. 599,467 21,905,000 0.07%
137 BAINCO INTERNATIONAL INVESTORS 589,732 21,549,000 0.07%
138 BLAIR WILLIAM & CO/IL 587,015 21,450,000 0.07%
139 Caprock Group, LLC 573,632 20,961,000 0.07%
140 Simplicity Solutions, LLC 564,471 20,626,000 0.07%
141 DT Investment Partners, LLC 560,843 20,493,000 0.07%
142 Litman Gregory Wealth Management LLC 557,387 20,367,000 0.07%
143 DUFF & PHELPS INVESTMENT MANAGEMENT CO 546,697 19,976,000 0.07%
144 WELLESLEY INVESTMENT PARTNERS, LLC 543,525 19,860,000 0.07%
145 Arbor Investment Advisors, LLC 531,328 19,415,000 0.06%
146 Sageworth Trust Co 520,227 19,009,000 0.06%
147 ALESCO ADVISORS LLC 518,214 18,936,000 0.06%
148 Wallington Asset Management, LLC 507,179 18,532,000 0.06%
149 Family Firm, Inc. 494,374 18,064,000 0.06%
150 Quantitative Advantage, LLC 483,163 17,655,000 0.06%
Page 3 of 15

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.