Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF
MX ˙ BMV ˙ US9220208055
SecurityMX:VTIP / Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF
InstitutionEmpirical Financial Services, LLC d.b.a. Empirical Wealth Management
Latest Disclosed Ownership4,890,809 shares
Latest Disclosed Value $ 244,295,889
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management reports 5.10% increase in ownership of VTIP / Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF

On May 4, 2026 - Empirical Financial Services, LLC d.b.a. Empirical Wealth Management filed a 13F-HR form disclosing ownership of 4,890,809 shares of Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF (MX:VTIP) valued at $244,295,889 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 16, 2026 disclosing 4,653,452 shares of Vanguard Malvern Funds - Vanguard Short-Term Inflation-Protected Securities ETF. This represents a change in shares of 5.10% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-04 2026-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 4,890,809 237,357 5.10 244,296 6.14 2.9115
2026-01-16 2025-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 4,653,452 352,889 8.21 230,160 5.71 2.8755
2025-11-10 2025-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 4,300,563 216,471 5.30 217,738 6.05 4.3558
2025-07-21 2025-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 4,084,092 206,352 5.32 205,307 6.10 4.6344
2025-05-08 2025-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 3,877,740 148,645 3.99 193,499 7.16 4.9770
2025-01-22 2024-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 3,729,095 183,419 5.17 180,563 3.27 4.8984
2024-11-01 2024-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 3,545,676 248,382 7.53 174,837 9.24 4.9054
2024-08-09 2024-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 3,297,294 101,841 3.19 160,051 4.59 4.7425
2024-05-07 2024-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 3,195,453 116,290 3.78 153,030 4.65 4.6190
2024-02-06 2023-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 3,079,163 228,055 8.00 146,229 8.48 4.8568
2023-11-03 2023-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,851,108 329,587 13.07 134,800 12.74 5.2795
2023-08-11 2023-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,521,521 213,614 9.26 119,571 8.34 4.8108
2023-05-09 2023-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,307,907 3,035 0.13 110,364 2.51 4.7862
2023-02-08 2022-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,304,872 -93,982 -3.92 107,661 -6.71 5.0709
2022-11-03 2022-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,398,854 -85,862 -3.46 115,409 -7.33 6.0474
2022-08-02 2022-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,484,716 -36,908 -1.46 124,534 -3.56 6.5354
2022-05-13 2022-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,521,624 74,259 3.03 129,132 2.65 6.4384
2022-02-14 2021-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,447,365 135,100 5.84 125,794 3.47 6.2805
2021-11-02 2021-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,312,265 131,073 6.01 121,579 6.35 6.9245
2021-08-12 2021-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 2,181,192 418,538 23.74 114,316 25.83 6.9236
2021-05-17 2021-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,762,654 -163,297 -8.48 90,847 -7.69 7.2769
2021-02-12 2020-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,925,951 97,778 5.35 98,416 5.51 7.5024
2020-11-12 2020-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,828,173 114,113 6.66 93,273 8.46 7.9683
2020-08-12 2020-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,714,060 130,628 8.25 85,994 11.47 8.0201
2020-05-11 2020-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,583,432 -18,774 -1.17 77,145 -2.29 8.4326
2020-02-13 2019-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,602,206 117,806 7.94 78,957 8.44 8.6762
2019-11-13 2019-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,484,400 113,355 8.27 72,810 7.68 8.8161
2019-08-12 2019-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,371,045 155,994 12.84 67,620 14.32 8.8081
2019-05-13 2019-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,215,051 104,758 9.44 59,149 11.17 8.6054
2019-02-13 2018-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,110,293 91,597 8.99 53,205 7.98 9.0371
2018-11-13 2018-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 1,018,696 63,394 6.64 49,274 5.59 8.7339
2018-08-13 2018-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 955,302 52,981 5.87 46,666 5.74 8.7377
2018-05-14 2018-03-31 13F/A-1 VANGUARD MALVERN FDS STRM INFPROIDX 922020805 902,321 68,413 8.20 44,133 8.41 8.7216
2018-05-11 2018-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 633,767 -200,141 44,133
2018-02-12 2017-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 833,908 56,807 7.31 40,711 5.94 8.7303
2017-11-13 2017-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 777,101 27,846 3.72 38,428 4.18 8.8676
2017-08-10 2017-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 749,255 21,528 2.96 36,886 2.46 8.9788
2017-05-12 2017-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 727,727 -151,816 -17.26 36,001 -16.74 8.9713
2017-02-08 2016-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 879,543 65,984 8.11 43,238 7.04 10.6123
2016-11-03 2016-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 813,559 29,975 3.83 40,393 4.18 10.5489
2016-07-29 2016-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 783,584 35,932 4.81 38,772 5.55 10.1826
2016-04-21 2016-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 747,652 54,455 7.86 36,732 9.60 8.8839
2016-01-26 2015-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 693,197 72,494 11.68 33,516 11.61 8.1544
2015-10-22 2015-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 620,703 52,577 9.25 30,030 8.58 7.0887
2015-08-06 2015-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 568,126 55,138 10.75 27,656 11.25 6.4275
2015-05-07 2015-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 512,988 82,448 19.15 24,859 19.69 5.9620
2015-02-10 2014-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 430,540 217,090 101.71 20,769 97.09 5.0729
2014-11-12 2014-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 213,450 187,331 717.22 10,538 705.04 2.5486
2014-07-17 2014-06-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 26,119 -1,134 -4.16 1,309 -2.60 0.3245
2014-05-06 2014-03-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 27,253 2,608 10.58 1,344 10.53 0.3539
2014-01-24 2013-12-31 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 24,645 7,437 43.22 1,216 42.89 0.3439
2013-10-24 2013-09-30 13F VANGUARD MALVERN FDS STRM INFPROIDX 922020805 17,208 17,208 851 0.2662
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.