13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q3 2016. See the latest, Q2 2026 →
Reported value
$1.70T
+5.7% on the quarter before
Positions
4,084
113 new · 163 sold out
Top 10
12.8%
of the value
Est. gain
+$55.05B
on stocks held all quarter
Est. return
+3.5%
on those stocks since Q2 2016
Positions as of Sep 30, 2016, from Vanguard Capital Management's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 23% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2016. Striped tiles are options.
Largest buys
Since Q2 2016, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Johnson Ctls Intl Plc~$2.63BNew · 0.0% → 0.2%+56,449,671 shares
- Charter Communications Inc N~$1.01BAdded · 0.1% → 0.2%+3,736,726 shares
- Meta~$969.5MAdded · 1.0% → 1.1%+7,557,962 shares
- Ihs Markit Ltd~$961.1MNew · 0.0% → 0.1%+25,594,302 shares
- Fortive Corp~$960.2MNew · 0.0% → 0.1%+18,863,571 shares
- Xl Group Ltd~$833.2MNew · 0.0% → 0.0%+24,774,193 shares
- Exxon Mobil Corp~$675.6MAdded · 1.6% → 1.4%+7,741,079 shares
- Amazon~$661.0MAdded · 1.1% → 1.2%+789,480 shares
- Dell Technologies Inc~$638.4MNew · 0.0% → 0.0%+13,355,847 shares
- Life Storage Inc~$626.5MNew · 0.0% → 0.0%+7,044,302 shares
Largest sells
Since Q2 2016, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- E M C Corp Mass~$3.22BSold out · 0.2% → 0.0%−118,666,987 shares
- Johnson Ctls Inc~$1.75BSold out · 0.1% → 0.0%−39,562,653 shares
- Tyco Intl Plc~$1.06BSold out · 0.1% → 0.0%−24,839,465 shares
- Starwood Hotels&Resorts Wrld~$936.4MSold out · 0.1% → 0.0%−12,662,790 shares
- Xl Group Plc~$831.4MSold out · 0.1% → 0.0%−24,958,723 shares
- Medivation Inc~$727.7MSold out · 0.0% → 0.0%−12,067,939 shares
- Sovran Self Storage Inc~$721.2MSold out · 0.0% → 0.0%−6,873,687 shares
- Columbia Pipeline Group Inc~$706.5MSold out · 0.0% → 0.0%−27,718,171 shares
- Ihs Inc~$546.7MSold out · 0.0% → 0.0%−4,729,230 shares
- Ashland Inc New~$546.4MSold out · 0.0% → 0.0%−4,760,801 shares
Holdings
As of Sep 30, 2016. Changes are in shares against Jun 30, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +0.9% · price +18.3% | 2.2% | $37.78B | +$5.78B | ||||||||
| MicrosoftCOM · shares +2.0% · price +12.6% | 1.7% | $29.61B | +$3.24B | ||||||||
| Exxon Mobil CorpCOM · shares +2.8% · price −6.9% | 1.4% | $24.62B | −$1.77B | ||||||||
| Johnson & JohnsonCOM · shares +2.2% · price −2.6% | 1.3% | $22.29B | −$584.9M | ||||||||
| AmazonCOM · shares +3.3% · price +17.0% | 1.2% | $20.59B | +$2.90B | ||||||||
| MetaCL A · shares +5.4% · price +12.2% | 1.1% | $18.86B | +$1.95B | ||||||||
| General Electric CoCOM · shares +0.2% · price −5.9% | 1.0% | $17.07B | −$1.07B | ||||||||
| AT&TCOM · shares +2.6% · price −6.0% | 0.94% | $16.00B | −$998.8M | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +3.8% · price −0.2% | 0.92% | $15.74B | −$33.6M | ||||||||
| Jpmorgan Chase & CoCOM · shares +1.8% · price +7.2% | 0.91% | $15.57B | +$1.02B | ||||||||
| Procter And Gamble CoCOM · shares +3.0% · price +6.0% | 0.91% | $15.52B | +$853.1M | ||||||||
| AlphabetCAP STK CL A · shares +2.8% · price +14.3% | 0.88% | $15.04B | +$1.83B | ||||||||
| AlphabetCAP STK CL C · shares +2.5% · price +12.3% | 0.85% | $14.53B | +$1.55B | ||||||||
| Verizon Communications IncCOM · shares +2.6% · price −6.9% | 0.80% | $13.70B | −$991.0M | ||||||||
| Pfizer IncCOM · shares +2.6% · price −3.8% | 0.78% | $13.32B | −$513.7M | ||||||||
| Chevron Corp NewCOM · shares +2.7% · price −1.8% | 0.77% | $13.19B | −$238.5M | ||||||||
| Wells Fargo & Co NewCOM · shares +1.9% · price −6.4% | 0.76% | $13.00B | −$878.5M | ||||||||
| Coca Cola CoCOM · shares +2.5% · price −6.6% | 0.70% | $11.88B | −$824.4M | ||||||||
| IntelCOM · shares +2.5% · price +15.1% | 0.68% | $11.59B | +$1.48B | ||||||||
| Pepsico IncCOM · shares +3.0% · price +2.7% | 0.66% | $11.26B | +$284.5M | ||||||||
| Merck & Co IncCOM · shares +3.0% · price +8.3% | 0.66% | $11.23B | +$839.1M | ||||||||
| CiscoCOM · shares +2.9% · price +10.6% | 0.61% | $10.35B | +$961.4M | ||||||||
| Philip Morris Intl IncCOM · shares +2.8% · price −4.4% | 0.58% | $9.92B | −$447.0M | ||||||||
| Visa Inc.COM CL A · shares +1.3% · price +11.5% | 0.58% | $9.89B | +$1.01B | ||||||||
| Home Depot IncCOM · shares +1.7% · price +0.8% | 0.58% | $9.88B | +$74.8M | ||||||||
| Total · 4,084 positions | 100% | $1.70T | +$55.05B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q2 2016 to Q3 2016: 3,970 stocks held throughout, up $55.05B (+3.5%).
- Apple+$5.78B+18%
- Microsoft+$3.24B+13%
- Amazon+$2.90B+17%
- Meta+$1.95B+12%
- Alphabet+$1.83B+14%
- Verizon Communications Inc−$991.0M−7%
- AT&T−$998.8M−6%
- General Electric Co−$1.07B−6%
- Exxon Mobil Corp−$1.77B−7%
- Bristol Myers Squibb Co−$2.15B−27%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 7 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 13, 2026 | $4.68T+17% | SEC ↗ |
| Q1 2026 | May 15, 2026 (amended) | $4.00T−42% | SEC ↗ |
| Q4 2025 | Jan 29, 2026 | $6.90T+3% | SEC ↗ |
| Q3 2025 | Nov 7, 2025 | $6.68T+8% | SEC ↗ |
| Q2 2025 | Aug 11, 2025 | $6.18T+12% | SEC ↗ |
| Q1 2025 | May 9, 2025 | $5.53T−4% | SEC ↗ |
| Q4 2024 | Feb 11, 2025 | $5.74T+3% | SEC ↗ |
| Q3 2024 | Nov 13, 2024 | $5.58T+7% | SEC ↗ |
| Q2 2024 | Aug 13, 2024 | $5.21T+3% | SEC ↗ |
| Q1 2024 | May 10, 2024 | $5.05T+10% | SEC ↗ |
| Q4 2023 | Mar 11, 2024 (amended) | $4.58T+12% | SEC ↗ |
| Q3 2023 | Dec 18, 2023 (amended) | $4.07T−3% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $4.22T+7% | SEC ↗ |
| Q1 2023 | Jul 14, 2023 (amended) | $3.93T+7% | SEC ↗ |
| Q4 2022 | Feb 10, 2023 | $3.67T+8% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $3.40T−4% | SEC ↗ |
| Q2 2022 | Aug 12, 2022 | $3.56T−16% | SEC ↗ |
| Q1 2022 | May 13, 2022 | $4.23T−4% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $4.40T+9% | SEC ↗ |
| Q3 2021 | Nov 12, 2021 | $4.03T+0% | SEC ↗ |
| Q2 2021 | Aug 13, 2021 | $4.02T+9% | SEC ↗ |
| Q1 2021 | May 14, 2021 | $3.70T+7% | SEC ↗ |
| Q4 2020 | Feb 12, 2021 | $3.45T+14% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $3.02T+7% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $2.82T+20% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $2.35T−20% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $2.93T+9% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $2.70T+1% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $2.66T+4% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $2.55T+15% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $2.23T−13% | SEC ↗ |
| Q3 2018 | Dec 13, 2018 (amended) | $2.56T+7% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $2.39T+5% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $2.29T−0% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $2.29T+7% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $2.14T+5% | SEC ↗ |
| Q2 2017 | Aug 24, 2017 (amended) | $2.03T+4% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $1.95T+9% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $1.79T+5% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $1.70T+6% | SEC ↗ |
| Q2 2016 | Aug 10, 2016 | $1.61T+4% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $1.54T | SEC ↗ |