13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q3 2017. See the latest, Q2 2026 →
Reported value
$2.14T
+5.4% on the quarter before
Positions
4,074
101 new · 101 sold out
Top 10
13.5%
of the value
Est. gain
+$77.01B
on stocks held all quarter
Est. return
+3.9%
on those stocks since Q2 2017
Positions as of Sep 30, 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 Q2 2017. Striped tiles are options.
Largest buys
Since Q2 2017, 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.
- Dowdupont Inc~$11.78BNew · 0.0% → 0.6%+170,154,435 shares
- Andeavor~$1.61BNew · 0.0% → 0.1%+15,654,640 shares
- Alibaba~$1.54BAdded · 0.0% → 0.1%+8,890,241 shares
- Baker Hughes~$1.39BNew · 0.0% → 0.1%+37,825,784 shares
- Digital Realty~$974.8MAdded · 0.2% → 0.2%+8,238,117 shares
- Starwood Waypoint Homes~$725.2MNew · 0.0% → 0.0%+19,939,731 shares
- Oneok Inc New~$720.3MAdded · 0.1% → 0.1%+12,998,741 shares
- Microsoft~$587.1MAdded · 1.9% → 2.0%+7,882,265 shares
- Meta~$579.1MAdded · 1.2% → 1.3%+3,388,863 shares
- Berkshire Hathaway Inc Del~$561.1MAdded · 1.0% → 1.0%+3,060,929 shares
Largest sells
Since Q2 2017, 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.
- Dow Chem Co~$5.29BSold out · 0.3% → 0.0%−83,932,612 shares
- Du Pont E I De Nemours & Co~$5.00BSold out · 0.2% → 0.0%−62,005,773 shares
- Reynolds American Inc~$3.90BSold out · 0.2% → 0.0%−59,929,495 shares
- Baker Hughes Inc~$1.66BSold out · 0.1% → 0.0%−30,478,401 shares
- Tesoro Corp~$1.50BSold out · 0.1% → 0.0%−16,052,914 shares
- Whole Foods Mkt Inc~$1.33BSold out · 0.1% → 0.0%−31,681,238 shares
- Dupont Fabros Technology Inc~$745.0MSold out · 0.0% → 0.0%−12,181,270 shares
- Staples Inc~$667.4MSold out · 0.0% → 0.0%−66,280,831 shares
- Colony Starwood Homes~$663.4MSold out · 0.0% → 0.0%−19,334,329 shares
- Vca Inc~$589.4MSold out · 0.0% → 0.0%−6,384,738 shares
Holdings
As of Sep 30, 2017. Changes are in shares against Jun 30, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +0.7% · price +7.0% | 2.5% | $53.11B | +$3.46B | ||||||||
| MicrosoftCOM · shares +1.4% · price +8.1% | 2.0% | $42.60B | +$3.14B | ||||||||
| MetaCL A · shares +2.1% · price +13.2% | 1.3% | $28.35B | +$3.23B | ||||||||
| AmazonCOM · shares +1.9% · price −0.7% | 1.2% | $26.30B | −$178.6M | ||||||||
| Johnson & JohnsonCOM · shares +0.7% · price −1.7% | 1.2% | $26.24B | −$457.0M | ||||||||
| Exxon Mobil CorpCOM · shares +1.3% · price +1.5% | 1.2% | $25.70B | +$386.8M | ||||||||
| Jpmorgan Chase & CoCOM · shares +0.8% · price +4.5% | 1.1% | $24.05B | +$1.03B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +2.6% · price +8.2% | 1.0% | $22.44B | +$1.66B | ||||||||
| AlphabetCAP STK CL A · shares +1.2% · price +4.7% | 0.95% | $20.28B | +$905.9M | ||||||||
| AlphabetCAP STK CL C · shares +2.7% · price +5.5% | 0.94% | $20.14B | +$1.03B | ||||||||
| Wells Fargo Co NewCOM · shares +1.0% · price −0.5% | 0.82% | $17.53B | −$81.8M | ||||||||
| AT&TCOM · shares +1.7% · price +3.8% | 0.80% | $17.05B | +$616.1M | ||||||||
| Bank Amer CorpCOM · shares +0.3% · price +4.5% | 0.79% | $16.82B | +$714.4M | ||||||||
| Procter And Gamble CoCOM · shares +1.6% · price +4.4% | 0.78% | $16.71B | +$692.2M | ||||||||
| Chevron Corp NewCOM · shares +1.4% · price +12.6% | 0.78% | $16.64B | +$1.84B | ||||||||
| Pfizer IncCOM · shares +1.5% · price +6.3% | 0.71% | $15.17B | +$883.3M | ||||||||
| General Electric CoCOM · shares +1.1% · price −10.5% | 0.69% | $14.67B | −$1.70B | ||||||||
| Verizon Communications IncCOM · shares +1.7% · price +10.8% | 0.67% | $14.23B | +$1.37B | ||||||||
| Visa Inc.COM CL A · shares +0.8% · price +12.2% | 0.63% | $13.47B | +$1.46B | ||||||||
| Citigroup IncCOM NEW · shares +0.5% · price +8.8% | 0.63% | $13.40B | +$1.07B | ||||||||
| Home Depot IncCOM · shares +0.2% · price +6.6% | 0.62% | $13.18B | +$817.0M | ||||||||
| IntelCOM · shares +1.5% · price +12.9% | 0.60% | $12.90B | +$1.45B | ||||||||
| Unitedhealth Group IncCOM · shares +1.9% · price +5.6% | 0.60% | $12.89B | +$673.6M | ||||||||
| Pepsico IncCOM · shares +1.5% · price −3.5% | 0.59% | $12.68B | −$455.1M | ||||||||
| Merck & Co IncCOM · shares +1.5% · price −0.1% | 0.59% | $12.62B | −$11.6M | ||||||||
| Total · 4,074 positions | 100% | $2.14T | +$77.01B |
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 2017 to Q3 2017: 3,972 stocks held throughout, up $77.01B (+3.9%).
- Apple+$3.46B+7%
- Meta+$3.23B+13%
- Microsoft+$3.14B+8%
- Boeing Co+$2.28B+29%
- Abbvie Inc+$1.90B+23%
- Walt Disney Company (The)−$758.8M−7%
- Allergan Plc−$871.0M−16%
- Medtronic Plc−$1.15B−12%
- Altria Group Inc−$1.50B−15%
- General Electric Co−$1.70B−10%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 3 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 ↗ |