FundWatcher
VGVT
VANGUARD GOVERNMENT SECURITIES ACTIVE ETF
VANGUARD MALVERN FUNDS
ETF

Portfolio moves

Net position changes between two of this fund's N-PORT snapshots. These are differences between point-in-time reports — not a trade log — and share counts can be affected by splits and other corporate actions.

Dec 31, 2025 → Mar 31, 2026

Expand a category to see the positions behind it, ranked by weight.

Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
US TREASURY N/B 0 1,503,000 1,503,000 3.28% $1.49M
US TREASURY N/B 0 870,000 870,000 1.92% $873.30K
US TREASURY N/B 0 760,000 760,000 1.63% $742.22K
US TREASURY N/B 0 730,000 730,000 1.61% $730.48K
FHMS K507 A2 0 670,000 670,000 1.49% $678.59K
US TREASURY N/B 0 633,000 633,000 1.42% $647.32K
US TREASURY N/B 0 480,000 480,000 1.06% $483.28K
US TREASURY N/B 0 475,000 475,000 1.06% $481.07K
Fannie Mae Pool 0 485,459 485,459 1.05% $479.01K
US TREASURY N/B 0 450,000 450,000 0.97% $440.74K
US TREASURY N/B 0 390,000 390,000 0.85% $384.09K
FHMS K070 A2 0 324,000 324,000 0.70% $320.07K
US TREASURY N/B 0 310,000 310,000 0.67% $303.39K
FHR 5343 HZ 0 290,350 290,350 0.65% $296.95K
US TREASURY N/B 0 295,000 295,000 0.63% $284.48K
US TREASURY N/B 0 265,000 265,000 0.58% $265.85K
FN AN7218 0 259,005 259,005 0.56% $254.12K
US TREASURY N/B 0 250,000 250,000 0.55% $249.10K
US TREASURY N/B 0 250,000 250,000 0.55% $248.08K
FNA 2018-M4 A2 0 251,050 251,050 0.54% $246.65K
PMTLT 2026-CNF1 A26 0 245,660 245,660 0.54% $245.21K
FN AN8202 0 245,361 245,361 0.53% $241.46K
US TREASURY N/B 0 240,000 240,000 0.53% $239.37K
FNA 2017-M12 A2 0 240,295 240,295 0.52% $237.56K
PMTLT 2026-INV4 A1 0 200,000 200,000 0.45% $203.34K
PMTLT 2026-INV1 A36 0 195,938 195,938 0.43% $196.36K
PMTLT 2026-INV1 A2 0 195,938 195,938 0.43% $195.91K
FN AN2843 0 199,588 199,588 0.42% $192.17K
FNA 2019 M19 A2 0 201,377 201,377 0.42% $191.84K
FN AN7661 0 188,695 188,695 0.41% $185.53K
US TREASURY N/B 0 180,000 180,000 0.40% $180.07K
US TREASURY N/B 0 176,000 176,000 0.39% $175.14K
FN AN0918 0 171,426 171,426 0.37% $168.87K
US TREASURY N/B 0 185,000 185,000 0.36% $164.40K
US TREASURY N/B 0 170,000 170,000 0.36% $163.56K
WFMBS 2021-INV2 A2 0 189,395 189,395 0.35% $156.97K
US TREASURY N/B 0 175,000 175,000 0.34% $156.06K
FNMA POOL AN8717 FN 03/28 FIXED 3.02 0 100,000 100,000 0.22% $98.11K
FHMS K075 A2 0 95,000 95,000 0.21% $94.13K
FN AN8583 0 95,000 95,000 0.21% $93.90K
US TREASURY N/B 0 110,000 110,000 0.20% $89.90K
Fannie Mae Pool 0 70,333 70,333 0.15% $69.29K
FN BM4335 0 66,918 66,918 0.15% $66.47K
US TREASURY N/B 0 94,500 94,500 0.13% $58.92K
FHMS K071 A2 0 59,000 59,000 0.13% $58.28K
US TREASURY N/B 0 54,000 54,000 0.12% $52.67K
FH 8C1323 0 49,909 49,909 0.11% $49.70K
FN BM7907 0 48,141 48,141 0.11% $48.68K
GNR 2020-126 AK 0 53,360 53,360 0.09% $41.95K
FR WN5218 0 40,000 40,000 0.09% $40.26K
FR WN5187 0 30,000 30,000 0.07% $30.10K
FN BZ6511 0 30,000 30,000 0.07% $30.05K
FNMA, Other 0 29,045 29,045 0.06% $28.51K
FN BS1730 0 30,000 30,000 0.06% $28.50K
FN AN5966 0 28,067 28,067 0.06% $27.59K
FN AN7385 0 27,040 27,040 0.06% $26.54K
FR WN5209 0 20,000 20,000 0.04% $20.20K
Fannie Mae Pool 0 20,000 20,000 0.04% $20.15K
FNA 2019-M12 A2 0 19,084 19,084 0.04% $18.40K
FN BZ5613 0 10,000 10,000 0.02% $10.00K
FNA 2019-M25 A2 0 9,125 9,125 0.02% $8.60K
FNA 2019-M18 A2 0 8,989 8,989 0.02% $8.54K
FNCL 6 4/26 0 0 0 0.00% $0
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
GNR 2025-82 A 922,811 0 -922,811 0.00% -$888.23K
FNR 2020-63 MZ 1,299,758 0 -1,299,758 0.00% -$874.25K
FHR 5605 MT 743,394 0 -743,394 0.00% -$733.31K
FHMS K509 A2 500,000 0 -500,000 0.00% -$512.35K
GNR 2016-116 QW 500,000 0 -500,000 0.00% -$447.88K
US TREASURY N/B 811,400 0 -811,400 0.00% -$389.35K
FN BL4481 380,000 0 -380,000 0.00% -$374.39K
FN AN4968 330,000 0 -330,000 0.00% -$326.44K
FR WN0200 230,000 0 -230,000 0.00% -$225.59K
Freddie Mac Multifamily Structured Pass Through Certificates 200,000 0 -200,000 0.00% -$188.25K
FHMS K083 A2 170,000 0 -170,000 0.00% -$170.78K
FNA 2024-M6 A2 170,000 0 -170,000 0.00% -$168.03K
FHMS K081 A2 150,000 0 -150,000 0.00% -$150.13K
GNR 2025-102 DZ 153,789 0 -153,789 0.00% -$147.76K
PMTLT 2025-INV9 A34 142,498 0 -142,498 0.00% -$142.77K
PMTLT 2025-CNF1 A8 142,982 0 -142,982 0.00% -$142.55K
FHR 5146 QA 161,073 0 -161,073 0.00% -$140.48K
FNR 2025-59 L 116,188 0 -116,188 0.00% -$116.30K
CMLTI 2025-LTV1 A1 100,000 0 -100,000 0.00% -$100.14K
FHR 5252 ZP 112,355 0 -112,355 0.00% -$98.64K
GNR 2022-34 BA 111,177 0 -111,177 0.00% -$97.48K
GNR 2025-192 GH 98,867 0 -98,867 0.00% -$97.40K
Freddie Mac Strips 112,476 0 -112,476 0.00% -$97.19K
US TREASURY N/B 93,000 0 -93,000 0.00% -$93.80K
FHR 4514 Z 96,744 0 -96,744 0.00% -$93.54K
FNR 2023-27 EZ 94,237 0 -94,237 0.00% -$84.42K
FHMS K080 A2 80,000 0 -80,000 0.00% -$80.12K
FNR 2021-59 H 89,911 0 -89,911 0.00% -$76.08K
FNR 2022-40 AZ 107,245 0 -107,245 0.00% -$74.50K
GNR 2025-89 GT 80,422 0 -80,422 0.00% -$72.91K
FHMS K087 A2 68,016 0 -68,016 0.00% -$67.84K
FHMS K082 A2 60,000 0 -60,000 0.00% -$60.12K
FHMS K078 A2 60,000 0 -60,000 0.00% -$60.01K
FHMS K090 A2 60,000 0 -60,000 0.00% -$59.20K
FN BZ4949 50,000 0 -50,000 0.00% -$50.82K
FN BZ3622 50,000 0 -50,000 0.00% -$50.42K
FN BZ3779 50,000 0 -50,000 0.00% -$50.29K
FHMS K064 A2 50,000 0 -50,000 0.00% -$49.65K
FHMS K745 A2 50,000 0 -50,000 0.00% -$47.38K
FN BZ4801 40,000 0 -40,000 0.00% -$40.19K
FHMS K079 A2 40,000 0 -40,000 0.00% -$40.06K
FREDDIE MAC MULTIFAMI VAR 40,000 0 -40,000 0.00% -$39.99K
FN BZ4905 30,000 0 -30,000 0.00% -$30.42K
US TREASURY N/B 28,000 0 -28,000 0.00% -$28.08K
FR WN2053 28,007 0 -28,007 0.00% -$27.12K
FN BZ4063 25,000 0 -25,000 0.00% -$25.34K
FN BZ4510 25,000 0 -25,000 0.00% -$25.10K
FN BZ4439 25,000 0 -25,000 0.00% -$25.10K
FN BZ4665 25,000 0 -25,000 0.00% -$25.00K
FN AM8448 29,733 0 -29,733 0.00% -$24.97K
FN BZ4945 20,000 0 -20,000 0.00% -$20.19K
FN BZ3766 20,000 0 -20,000 0.00% -$20.11K
FN BZ4168 20,000 0 -20,000 0.00% -$20.07K
FHMS K088 A2 20,000 0 -20,000 0.00% -$19.90K
FN BS9041 10,000 0 -10,000 0.00% -$10.17K
FN BZ4846 10,000 0 -10,000 0.00% -$10.07K
FR WR1005 10,000 0 -10,000 0.00% -$10.04K
FN BZ4913 10,000 0 -10,000 0.00% -$10.04K
FN BL4798 10,000 0 -10,000 0.00% -$9.87K
FNCL 3 1/26 0 0 0 0.00% $0
FNCL 5.5 1/26 -100,000 0 100,000 0.00% $101.39K
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
FNA 2018-M7 A2 1,911,625 2,078,231 166,606 4.49% $157.04K
FNA 2019-M5 A2 864,852 1,022,300 157,448 2.20% $149.87K
Vanguard Market Liquidity Fund 5,799 9,646 3,847 2.12% $384.62K
US TREASURY N/B 270,000 940,000 670,000 2.08% $672.43K
US TREASURY N/B 184,500 486,500 302,000 1.07% $299.82K
US TREASURY N/B 361,100 546,100 185,000 1.04% $158.89K
US TREASURY N/B 273,800 478,800 205,000 0.98% $188.43K
FNA 2018-M8 A2 39,397 432,607 393,210 0.94% $387.11K
US TREASURY N/B 252,100 462,100 210,000 0.91% $185.49K
US TREASURY N/B 90,400 410,400 320,000 0.89% $313.17K
US TREASURY N/B 173,500 378,500 205,000 0.84% $205.02K
US TREASURY N/B 92,000 673,000 581,000 0.82% $322.10K
US TREASURY N/B 272,500 383,000 110,500 0.80% $102.21K
US TREASURY N/B 138,300 368,300 230,000 0.78% $220.77K
US TREASURY N/B 42,100 372,100 330,000 0.78% $315.04K
FNA 2017-M11 A2 65,996 367,270 301,274 0.78% $290.55K
US TREASURY N/B 369,000 499,000 130,000 0.69% $79.14K
US TREASURY N/B 154,000 314,000 160,000 0.68% $156.14K
US TREASURY N/B 120,000 293,000 173,000 0.64% $170.67K
US TREASURY N/B 127,200 267,200 140,000 0.57% $134.83K
US TREASURY N/B 60,000 394,000 334,000 0.55% $212.39K
US TREASURY N/B 25,000 390,000 365,000 0.54% $229.84K
US TREASURY N/B 64,000 244,000 180,000 0.53% $177.11K
US TREASURY N/B 100,700 356,700 256,000 0.52% $170.48K
FNMA ACES, Series 2017-M15, Class A2 19,860 236,950 217,090 0.52% $214.45K
FNA 2018-M10 A2 9,615 215,793 206,178 0.47% $203.07K
FHMS K074 A2 39,959 208,586 168,628 0.45% $166.88K
US TREASURY N/B 75,600 216,800 141,200 0.42% $123.13K
US TREASURY N/B 100,700 172,700 72,000 0.37% $69.02K
US TREASURY N/B 77,500 177,500 100,000 0.35% $88.76K
FHMS K093 A2 19,719 147,353 127,634 0.31% $123.50K
US TREASURY N/B 100,000 240,000 140,000 0.31% $80.90K
US TREASURY N/B 95,400 195,400 100,000 0.30% $68.61K
US TREASURY N/B 83,100 223,100 140,000 0.27% $76.48K
GNR 2013-149 MZ 135,507 136,355 849 0.26% -$15
US TREASURY N/B 19,200 119,200 100,000 0.26% $99.34K
US TREASURY N/B 72,200 182,200 110,000 0.21% $57.04K
US TREASURY N/B 16,900 96,900 80,000 0.21% $77.29K
FHMS K072 A2 40,000 93,000 53,000 0.20% $52.28K
FNR 2013-67 KZ 102,480 103,121 642 0.20% $118
FNA 2019-M22 A2 43,572 47,687 4,115 0.10% $3.68K
US TREASURY N/B 10,400 21,000 10,600 0.04% $9.60K
US ULTRA BOND CBT Sep25 1,350,019 2,655,044 1,305,025 0.01% -$768
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
FNA 2017-M15 ATS2 959,040 937,414 -21,625 2.04% -$21.68K
GNR 2025-192 HG 735,110 693,100 -42,009 1.50% -$47.96K
US TREASURY N/B 966,400 341,400 -625,000 0.75% -$636.54K
FNA 2017-M13 A2 331,173 329,856 -1,317 0.71% -$1.84K
PMTLT 2025-INV12 A35 300,000 291,676 -8,324 0.64% -$7.28K
US TREASURY N/B 337,100 295,100 -42,000 0.64% -$46.11K
FREDDIE MAC REMICS FHR 5170 DP 208,396 201,957 -6,439 0.39% -$6.99K
G2 MB0755 179,765 178,383 -1,382 0.39% -$2.08K
FHMS K069 A2 174,805 173,842 -963 0.38% -$1.28K
FN AM9793 163,647 162,732 -914 0.35% -$1.12K
FNR 2021-86 T 162,736 158,542 -4,194 0.31% -$5.10K
FNR 2013-60 CB 144,496 134,788 -9,708 0.29% -$10.44K
FHR 5159 QA 146,188 143,312 -2,876 0.29% -$3.82K
FNR 2019-3 BA 118,465 113,260 -5,205 0.24% -$5.82K
FNR 2022-17 BA 117,583 112,224 -5,358 0.24% -$5.92K
FNA 2017-M7 A2 114,257 109,502 -4,756 0.24% -$4.70K
FN AN3006 113,002 112,333 -670 0.24% -$936
PMTLT 2025-CNF2 A1 100,000 96,317 -3,683 0.21% -$4.83K
FNR 2021-28 NG 104,981 101,183 -3,798 0.20% -$4.15K
Sequoia Mortgage Trust, Series 2025-S2, Class A1 99,489 96,793 -2,696 0.20% -$3.34K
FNR 2020-96 A 114,496 112,159 -2,337 0.20% -$2.97K
JPMMT 2021-INV6 A2A 108,311 106,493 -1,818 0.19% -$2.19K
FHR 5200 MA 95,258 91,190 -4,068 0.18% -$4.40K
Freddie Mac REMICS 91,280 90,012 -1,268 0.18% -$1.93K
FHR 5194 H 81,207 78,237 -2,970 0.16% -$3.35K
FN FA3288 74,743 69,315 -5,428 0.15% -$5.57K
FR RD5265 70,069 63,955 -6,114 0.14% -$6.51K
FN FA3776 74,608 65,904 -8,704 0.14% -$8.67K
GCAT 2022-INV1 Trust 74,187 72,747 -1,440 0.14% -$1.79K
FNA 2017-M8 A2 63,471 60,708 -2,764 0.13% -$2.78K
FN MA5868 64,808 57,723 -7,086 0.13% -$7.47K
FH 8C1156 49,766 49,404 -362 0.11% -$478
FN AN5679 50,311 49,958 -352 0.11% -$387
FN CC1615 49,731 48,726 -1,005 0.11% -$1.19K
FN CC1077 49,765 49,219 -546 0.11% -$822
FN CC1148 49,561 48,896 -666 0.11% -$910
FN FS8089 55,028 48,924 -6,104 0.10% -$6.15K
FH 8C1153 47,780 46,788 -992 0.10% -$1.14K
FH 8C1140 49,114 43,436 -5,678 0.10% -$5.89K
FN AN2472 43,877 43,594 -283 0.09% -$369
FN DD8703 37,847 36,850 -997 0.08% -$1.11K
FNA 2015-M10 A2 33,624 33,243 -381 0.07% -$382
FNA 2012-M14 AL 32,573 32,381 -193 0.07% -$256
FN AN7502 28,450 28,311 -139 0.06% -$175
FN DF0191 28,843 27,136 -1,708 0.06% -$1.77K
FNA 2018-M1 A2 26,862 26,454 -408 0.06% -$441
US TREASURY N/B 43,000 24,000 -19,000 0.05% -$19.53K
FN DF0571 22,482 22,390 -92 0.05% -$151
FNA 2017-M14 A2 21,820 20,193 -1,626 0.04% -$1.66K
FN AL3495 18,651 18,471 -179 0.04% -$281
FR WN2032 18,363 18,255 -109 0.04% -$51
FR WN2036 18,363 18,255 -109 0.04% -$49
FHMS K744 A2 18,970 18,899 -71 0.04% -$102
FN BL9743 18,680 18,563 -117 0.04% -$68
FN AN2495 17,597 17,486 -112 0.04% -$139
FN AN2671 17,041 16,923 -118 0.04% -$150
FN AN8019 16,664 16,540 -124 0.04% -$160
FN BM6496 17,982 17,792 -190 0.03% -$163
FN BS3290 9,756 9,702 -54 0.02% -$42
FN BS4261 9,418 9,375 -43 0.02% -$71
FN AN6219 8,731 8,678 -53 0.02% -$59
FN AN6210 8,470 8,413 -57 0.02% -$56
FN BL6327 9,141 9,089 -52 0.02% -$8
Security Shares Dec 2025 Shares Mar 2026 Δ shares End % Δ value
US TREASURY N/B 1,193,100 1,193,100 0 2.62% -$12.82K
US TREASURY N/B 1,119,600 1,119,600 0 2.46% -$10.28K
FHMS K511 A2 850,000 850,000 0 1.90% -$7.08K
US TREASURY N/B 712,000 712,000 0 1.61% -$8.51K
Government National Mortgage Association 450,000 450,000 0 0.94% -$5.37K
US TREASURY N/B 345,100 345,100 0 0.66% -$1.32K
US TREASURY N/B 260,000 260,000 0 0.57% -$2.20K
US TREASURY N/B 250,000 250,000 0 0.55% -$2.31K
US TREASURY N/B 295,200 295,200 0 0.47% -$2.42K
US TREASURY N/B 210,000 210,000 0 0.47% -$2.19K
US TREASURY N/B 210,200 210,200 0 0.46% -$1.76K
US TREASURY N/B 198,000 198,000 0 0.44% -$1.88K
US TREASURY N/B 203,000 203,000 0 0.44% -$2.72K
US TREASURY N/B 200,000 200,000 0 0.43% -$2.24K
US TREASURY N/B 275,500 275,500 0 0.43% -$2.41K
US TREASURY N/B 189,000 189,000 0 0.41% -$1.66K
US TREASURY N/B 321,200 321,200 0 0.40% -$1.61K
US TREASURY N/B 170,000 170,000 0 0.37% -$2.44K
US TREASURY N/B 194,900 194,900 0 0.37% -$1.93K
US TREASURY N/B 160,000 160,000 0 0.36% -$1.78K
FNR 2019-71 DB 200,000 200,000 0 0.36% -$1.23K
US TREASURY N/B 154,000 154,000 0 0.33% -$1.50K
US TREASURY N/B 142,300 142,300 0 0.32% -$2.21K
FHR 4938 CB 160,000 160,000 0 0.29% -$560
US TREASURY N/B 130,000 130,000 0 0.29% -$1.28K
US TREASURY N/B 108,100 108,100 0 0.24% -$1.37K
US TREASURY N/B 101,400 101,400 0 0.22% -$1.21K
US TREASURY N/B 95,000 95,000 0 0.21% -$1.04K
US TREASURY N/B 116,300 116,300 0 0.20% -$1.17K
US TREASURY N/B 133,800 133,800 0 0.19% -$800
US TREASURY N/B 85,000 85,000 0 0.19% -$774
US TREASURY N/B 83,000 83,000 0 0.18% -$888
US TREASURY N/B 83,300 83,300 0 0.18% -$921
US TREASURY N/B 78,700 78,700 0 0.16% -$747
US TREASURY N/B 70,700 70,700 0 0.16% -$762
US TREASURY N/B 60,000 60,000 0 0.14% -$795
US TREASURY N/B 57,100 57,100 0 0.12% -$674
US TREASURY N/B 76,100 76,100 0 0.12% -$520
US TREASURY N/B 54,100 54,100 0 0.12% -$744
FN BZ0489 50,000 50,000 0 0.11% -$240
US TREASURY N/B 63,200 63,200 0 0.11% -$588
US TREASURY N/B 71,800 71,800 0 0.11% -$578
US TREASURY N/B 66,400 66,400 0 0.11% -$558
US TREASURY N/B 48,800 48,800 0 0.11% -$471
US TREASURY N/B 65,000 65,000 0 0.10% -$538
US TREASURY N/B 62,500 62,500 0 0.10% -$527
US TREASURY N/B 66,100 66,100 0 0.10% -$465
US TREASURY N/B 56,200 56,200 0 0.10% -$503
US TREASURY N/B 47,000 47,000 0 0.10% -$606
US TREASURY N/B 57,700 57,700 0 0.10% -$521
US TREASURY N/B 71,400 71,400 0 0.09% -$402
US TREASURY N/B 47,100 47,100 0 0.09% -$591
US TREASURY N/B 50,000 50,000 0 0.09% -$553
US TREASURY N/B 44,300 44,300 0 0.09% -$356
US TREASURY N/B 50,200 50,200 0 0.09% -$527
US TREASURY N/B 55,300 55,300 0 0.09% -$477
US TREASURY N/B 63,400 63,400 0 0.09% -$443
US TREASURY N/B 40,100 40,100 0 0.08% -$487
US TREASURY N/B 34,000 34,000 0 0.07% -$412
US TREASURY N/B 35,000 35,000 0 0.07% -$463
FN BS3346 30,000 30,000 0 0.06% $42
US TREASURY N/B 33,400 33,400 0 0.06% -$324
US TREASURY N/B 36,000 36,000 0 0.06% -$300
FHMS K068 A2 20,000 20,000 0 0.04% -$51
FHMS K073 A2 20,000 20,000 0 0.04% -$68
FN AN7061 20,000 20,000 0 0.04% $3
US TREASURY N/B 40,100 40,100 0 0.04% -$161
FN BS3263 20,000 20,000 0 0.04% -$25
US TREASURY N/B 24,500 24,500 0 0.04% -$228
FN BS3505 20,000 20,000 0 0.04% $3
FN BS3271 20,000 20,000 0 0.04% $6
FHMS K513 A2 10,000 10,000 0 0.02% -$80
FNMA, Other 10,000 10,000 0 0.02% -$61
FN AN7060 10,000 10,000 0 0.02% $1
FN AN7683 10,000 10,000 0 0.02% -$9
FN BS0046 10,000 10,000 0 0.02% $39
FN BS1885 10,000 10,000 0 0.02% -$8
FN BS4598 10,000 10,000 0 0.02% $4
US TREASURY N/B 12,300 12,300 0 0.02% -$109
US TREASURY N/B 3,800 3,800 0 0.01% -$28
US TREASURY N/B 2,600 2,600 0 0.01% -$37

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.