13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q1 2017. See the latest, Q2 2026 →
Reported value
$1.95T
+8.5% on the quarter before
Positions
4,069
96 new · 106 sold out
Top 10
13.1%
of the value
Est. gain
+$87.68B
on stocks held all quarter
Est. return
+5.0%
on those stocks since Q4 2016
Positions as of Mar 31, 2017, 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 Q4 2016. Striped tiles are options.
Largest buys
Since Q4 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.
- Ggp Inc~$1.95BNew · 0.0% → 0.1%+84,148,460 shares
- L3 Technologies Inc~$1.34BNew · 0.0% → 0.1%+8,124,516 shares
- Sba Communications Corp New~$1.16BNew · 0.0% → 0.1%+9,597,462 shares
- Abbott Labs~$1.08BAdded · 0.2% → 0.3%+24,357,363 shares
- Colony Northstar Inc~$1.07BNew · 0.0% → 0.1%+83,140,726 shares
- Apple~$896.1MAdded · 2.2% → 2.5%+6,237,609 shares
- Microsoft~$895.9MAdded · 1.8% → 1.8%+13,602,891 shares
- Meta~$875.1MAdded · 1.0% → 1.1%+6,160,804 shares
- Union Pac Corp~$858.7MAdded · 0.3% → 0.3%+8,107,238 shares
- Technipfmc Plc~$853.8MNew · 0.0% → 0.0%+26,271,582 shares
Largest sells
Since Q4 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.
- General Growth Pptys Inc New~$2.07BSold out · 0.1% → 0.0%−82,891,105 shares
- Spectra Energy Corp~$2.01BSold out · 0.1% → 0.0%−48,953,943 shares
- Linear Technology Corp~$1.54BSold out · 0.1% → 0.0%−24,684,696 shares
- St Jude Med Inc~$1.44BSold out · 0.1% → 0.0%−17,968,368 shares
- L-3 Communications Hldgs Inc~$1.16BSold out · 0.1% → 0.0%−7,618,575 shares
- Sba Communications Corp~$1.02BSold out · 0.1% → 0.0%−9,883,144 shares
- Fmc Technologies Inc~$787.6MSold out · 0.0% → 0.0%−22,166,000 shares
- Hilton Worldwide Hldgs Inc~$737.6MSold out · 0.0% → 0.0%−27,119,159 shares
- Harman Intl Inds Inc~$715.2MSold out · 0.0% → 0.0%−6,434,005 shares
- Coca Cola Co~$657.0MCut · 0.7% → 0.6%−15,481,439 shares
Holdings
As of Mar 31, 2017. Changes are in shares against Dec 31, 2016, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +1.8% · price +24.0% | 2.5% | $49.39B | +$9.40B | ||||||||
| MicrosoftCOM · shares +2.6% · price +6.0% | 1.8% | $35.50B | +$1.95B | ||||||||
| Johnson & JohnsonCOM · shares +3.3% · price +8.1% | 1.3% | $24.59B | +$1.79B | ||||||||
| Exxon Mobil CorpCOM · shares +3.6% · price −9.1% | 1.3% | $24.52B | −$2.38B | ||||||||
| AmazonCOM · shares +3.8% · price +18.2% | 1.2% | $23.14B | +$3.44B | ||||||||
| MetaCL A · shares +4.1% · price +23.5% | 1.1% | $22.36B | +$4.08B | ||||||||
| Jpmorgan Chase & CoCOM · shares +3.5% · price +1.8% | 1.1% | $21.62B | +$368.7M | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +4.0% · price +2.3% | 1.00% | $19.40B | +$414.0M | ||||||||
| General Electric CoCOM · shares +2.7% · price −5.7% | 0.91% | $17.79B | −$1.05B | ||||||||
| AT&TCOM · shares +4.0% · price −2.3% | 0.89% | $17.40B | −$394.7M | ||||||||
| Wells Fargo & Co NewCOM · shares +3.5% · price +1.0% | 0.89% | $17.32B | +$165.4M | ||||||||
| AlphabetCAP STK CL A · shares +3.6% · price +7.0% | 0.87% | $16.88B | +$1.06B | ||||||||
| AlphabetCAP STK CL C · shares +4.0% · price +7.5% | 0.85% | $16.47B | +$1.10B | ||||||||
| Procter And Gamble CoCOM · shares −0.4% · price +6.9% | 0.82% | $15.87B | +$1.02B | ||||||||
| Bank Amer CorpCOM · shares +3.1% · price +6.7% | 0.79% | $15.39B | +$943.0M | ||||||||
| Chevron Corp NewCOM · shares +3.5% · price −8.8% | 0.75% | $14.57B | −$1.35B | ||||||||
| Pfizer IncCOM · shares +1.8% · price +5.3% | 0.72% | $14.01B | +$695.6M | ||||||||
| Verizon Communications IncCOM · shares +3.0% · price −8.7% | 0.69% | $13.51B | −$1.25B | ||||||||
| Philip Morris Intl IncCOM · shares +3.7% · price +23.4% | 0.63% | $12.25B | +$2.24B | ||||||||
| Pepsico IncCOM · shares +3.2% · price +6.9% | 0.63% | $12.24B | +$767.0M | ||||||||
| Merck & Co IncCOM · shares +3.3% · price +7.9% | 0.62% | $12.13B | +$862.7M | ||||||||
| IntelCOM · shares +3.3% · price −0.6% | 0.60% | $11.74B | −$63.0M | ||||||||
| Home Depot IncCOM · shares +3.3% · price +9.5% | 0.60% | $11.70B | +$983.8M | ||||||||
| CiscoCOM · shares +3.3% · price +11.8% | 0.60% | $11.65B | +$1.19B | ||||||||
| Comcast Corp NewCL A · shares +2.8% · price +8.9% | 0.60% | $11.58B | +$919.2M | ||||||||
| Total · 4,069 positions | 100% | $1.95T | +$87.68B |
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 Q4 2016 to Q1 2017: 3,972 stocks held throughout, up $87.68B (+5.0%).
- Apple+$9.40B+24%
- Meta+$4.08B+23%
- Amazon+$3.44B+18%
- Philip Morris Intl Inc+$2.24B+23%
- Microsoft+$1.95B+6%
- Qualcomm−$783.7M−12%
- General Electric Co−$1.05B−6%
- Verizon Communications Inc−$1.25B−9%
- Chevron Corp New−$1.35B−9%
- Exxon Mobil Corp−$2.38B−9%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 6 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 ↗ |