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

Institutional Holders (2017Q2)
Portfolio Summary: 844 Institutional holders with a total value of $40,768,682,205.
#
Manager Name
Shares
Value ($)
%
Options
Notes
801 INTELLECTUS PARTNERS, LLC 1,109 46,000 0.00%
802 CUTLER GROUP LLC / CA 14,500 45,000 0.00% Put
803 DELPHI PRIVATE ADVISORS LLC 1,088 45,000 0.00%
804 AMERICAN NATIONAL BANK & TRUST 1,068 44,000 0.00%
805 SAN FRANCISCO SENTRY INVESTMENT GROUP (CA) 1,019 42,000 0.00%
806 MACQUARIE GROUP LTD 995 41,000 0.00%
807 Ironwood Financial, llc 980 40,000 0.00%
808 JACKSON, GRANT INVESTMENT ADVISERS, INC. 962 40,000 0.00%
809 WEBSTER BANK, N. A. 926 38,000 0.00%
810 Lowe Wealth Advisors, LLC 928 38,000 0.00%
811 SONORA INVESTMENT MANAGEMENT, LLC 896 37,023 0.00%
812 ANCHOR INVESTMENT MANAGEMENT, LLC 874 36,114 0.00%
813 Cable Hill Partners, LLC 845 35,000 0.00%
814 Focused Wealth Management, Inc 724 30,000 0.00%
815 FOUNDERS CAPITAL MANAGEMENT 645 27,000 0.00%
816 ALPHASTAR CAPITAL MANAGEMENT, LLC 601 24,000 0.00%
817 HOWE & RUSLING INC 553 23,000 0.00%
818 YORKBRIDGE WEALTH PARTNERS, LLC 508 21,000 0.00%
819 Corbenic Partners LLC 420 17,000 0.00%
820 Oakworth Capital, Inc. 354 15,000 0.00%
821 PRENTISS SMITH & CO INC 334 14,000 0.00%
822 Gradient Investments LLC 283 12,000 0.00%
823 MINICHMACGREGOR WEALTH MANAGEMENT, LLC 270 11,000 0.00%
824 SHINE INVESTMENT ADVISORY SERVICES INC 238 10,000 0.00%
825 PEOPLES FINANCIAL SERVICES CORP. 234 10,000 0.00%
826 FIRST COMMAND FINANCIAL SERVICES, INC. 207 9,000 0.00%
827 FIRST COMMAND BANK 207 9,000 0.00%
828 OLD SECOND NATIONAL BANK OF AURORA 191 8,000 0.00%
829 HWG Holdings LP 170 7,000 0.00%
830 West Oak Capital, LLC 150 6,198 0.00%
831 JACOBI CAPITAL MANAGEMENT LLC 142 6,000 0.00%
832 PINKERTON WEALTH, LLC 149 6,000 0.00%
833 Barrett Asset Management, LLC 150 6,000 0.00%
834 Capital Directions Investment Advisors, LLC 105 4,000 0.00%
835 NORWAY SAVINGS BANK 73 3,000 0.00%
836 THOMPSON DAVIS & CO., INC. 84 3,000 0.00%
837 VIVALDI CAPITAL MANAGEMENT, LLC 71,257 2,944 0.00%
838 D. SCOTT NEAL, INC. 30 1,000 0.00%
839 Archford Capital Strategies, LLC 45,779 1,000 0.00%
840 Winch Advisory Services, LLC 14 1,000 0.00%
841 CUTLER GROUP LLC / CA 900 1,000 0.00% Call
842 Stevens First Principles Investment Advisors 25 1,000 0.00%
843 Parallax Volatility Advisers, L.P. 36 1,000 0.00%
844 Chicago Partners Investment Group LLC 0 0 0.00%
Page 17 of 17

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.