13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q1 2018. See the latest, Q2 2026 →
Reported value
$2.29T
−0.0% on the quarter before
Positions
4,097
132 new · 98 sold out
Top 10
14.4%
of the value
Est. gain
−$31.92B
on stocks held all quarter
Est. return
−1.4%
on those stocks since Q4 2017
Positions as of Mar 31, 2018, 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, 24% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2017. Striped tiles are options.
Largest buys
Since Q4 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.
- Booking Hldgs Inc~$7.11BNew · 0.0% → 0.3%+3,418,964 shares
- Worldpay Inc~$2.09BNew · 0.0% → 0.1%+25,439,180 shares
- American Tower~$1.54BAdded · 0.2% → 0.3%+10,592,523 shares
- Walmart Inc~$1.41BAdded · 0.5% → 0.5%+15,869,905 shares
- Crown Castle Intl Corp New~$1.08BAdded · 0.1% → 0.2%+9,836,109 shares
- Mcdonalds Corp~$1.07BAdded · 0.4% → 0.4%+6,839,687 shares
- Amazon~$948.2MAdded · 1.4% → 1.8%+655,119 shares
- Alibaba~$945.5MAdded · 0.2% → 0.2%+5,151,667 shares
- Caterpillar Inc Del~$775.6MAdded · 0.3% → 0.3%+5,262,310 shares
- Nutrien Ltd~$774.4MNew · 0.0% → 0.0%+16,386,239 shares
Largest sells
Since Q4 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.
- Priceline Grp Inc~$5.84BSold out · 0.3% → 0.0%−3,358,515 shares
- Vantiv Inc~$1.01BSold out · 0.0% → 0.0%−13,744,007 shares
- Scripps Networks Interact In~$762.1MSold out · 0.0% → 0.0%−8,926,459 shares
- Sensata Technologies Hldg Nv~$727.3MSold out · 0.0% → 0.0%−14,230,725 shares
- Amgen Inc~$552.7MCut · 0.4% → 0.4%−3,242,017 shares
- Bioverativ Inc~$497.5MSold out · 0.0% → 0.0%−9,226,008 shares
- Calpine Corp~$467.5MSold out · 0.0% → 0.0%−30,901,060 shares
- Healthsouth Corp~$436.5MSold out · 0.0% → 0.0%−8,835,138 shares
- Potash Corp Sask Inc~$427.4MSold out · 0.0% → 0.0%−20,699,691 shares
- Agrium Inc~$400.1MSold out · 0.0% → 0.0%−3,479,366 shares
Holdings
As of Mar 31, 2018. Changes are in shares against Dec 31, 2017, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +0.6% · price −0.9% | 2.6% | $58.81B | −$505.3M | ||||||||
| MicrosoftCOM · shares +0.7% · price +6.7% | 2.3% | $53.49B | +$3.33B | ||||||||
| AmazonCOM · shares +2.4% · price +23.8% | 1.8% | $41.29B | +$7.74B | ||||||||
| Jpmorgan Chase & CoCOM · shares +1.1% · price +2.8% | 1.2% | $27.98B | +$763.0M | ||||||||
| MetaCL A · shares +2.2% · price −9.4% | 1.2% | $27.75B | −$2.83B | ||||||||
| Johnson & JohnsonCOM · shares +1.4% · price −8.3% | 1.2% | $26.58B | −$2.37B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +2.0% · price +0.6% | 1.1% | $25.28B | +$156.6M | ||||||||
| Exxon Mobil CorpCOM · shares +1.6% · price −10.8% | 1.1% | $24.07B | −$2.87B | ||||||||
| AlphabetCAP STK CL C · shares +2.4% · price −1.4% | 0.99% | $22.61B | −$312.7M | ||||||||
| AlphabetCAP STK CL A · shares +1.8% · price −1.5% | 0.98% | $22.41B | −$345.2M | ||||||||
| Bank Amer CorpCOM · shares +0.2% · price +1.6% | 0.88% | $20.13B | +$314.9M | ||||||||
| IntelCOM · shares +1.2% · price +12.8% | 0.79% | $18.03B | +$2.03B | ||||||||
| Wells Fargo Co NewCOM · shares +1.3% · price −13.6% | 0.74% | $16.97B | −$2.64B | ||||||||
| Chevron Corp NewCOM · shares +1.8% · price −8.9% | 0.72% | $16.58B | −$1.59B | ||||||||
| AT&TCOM · shares +1.3% · price −8.3% | 0.69% | $15.86B | −$1.42B | ||||||||
| Visa Inc.COM CL A · shares +1.2% · price +4.9% | 0.68% | $15.63B | +$723.4M | ||||||||
| Pfizer IncCOM · shares +1.5% · price −2.0% | 0.68% | $15.59B | −$316.1M | ||||||||
| CiscoCOM · shares −0.8% · price +12.0% | 0.67% | $15.32B | +$1.64B | ||||||||
| Home Depot IncCOM · shares +1.8% · price −6.0% | 0.64% | $14.69B | −$914.2M | ||||||||
| Procter And Gamble CoCOM · shares −0.2% · price −13.7% | 0.64% | $14.67B | −$2.33B | ||||||||
| Unitedhealth Group IncCOM · shares +1.4% · price −2.9% | 0.63% | $14.48B | −$431.3M | ||||||||
| Verizon Communications IncCOM · shares +2.5% · price −9.7% | 0.62% | $14.22B | −$1.48B | ||||||||
| Boeing CoCOM · shares +4.0% · price +11.2% | 0.61% | $14.04B | +$1.36B | ||||||||
| Pepsico IncCOM · shares +1.1% · price −9.0% | 0.56% | $12.69B | −$1.24B | ||||||||
| Coca Cola CoCOM · shares +0.07% · price −5.3% | 0.54% | $12.36B | −$696.5M | ||||||||
| Total · 4,097 positions | 100% | $2.29T | −$31.92B |
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 2017 to Q1 2018: 3,964 stocks held throughout, down $31.92B (−1.4%).
- Amazon+$7.74B+24%
- Microsoft+$3.33B+7%
- Netflix+$2.99B+54%
- Intel+$2.03B+13%
- Cisco+$1.64B+12%
- Johnson & Johnson−$2.37B−8%
- General Electric Co−$2.44B−23%
- Wells Fargo Co New−$2.64B−14%
- Meta−$2.83B−9%
- Exxon Mobil Corp−$2.87B−11%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 5 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 ↗ |