13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q1 2019. See the latest, Q2 2026 →
Reported value
$2.55T
+15% on the quarter before
Positions
4,118
88 new · 121 sold out
Top 10
15.1%
of the value
Est. gain
+$301.52B
on stocks held all quarter
Est. return
+13.7%
on those stocks since Q4 2018
Positions as of Mar 31, 2019, 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, 25% of the reported value, each sized by its share, colored by what the fund did with it since Q4 2018. Striped tiles are options.
Largest buys
Since Q4 2018, 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.
- Walt Disney Company (The)~$2.34BAdded · 0.5% → 0.6%+21,065,578 shares
- Procter And Gamble Co~$2.05BAdded · 0.8% → 0.9%+19,704,246 shares
- Visa Inc.~$1.75BAdded · 0.8% → 0.9%+11,184,390 shares
- Comcast Corp New~$1.51BAdded · 0.5% → 0.6%+37,700,784 shares
- Apartment Invt & Mgmt Co~$1.27BNew · 0.0% → 0.0%+25,268,399 shares
- Steris Plc~$1.00BNew · 0.0% → 0.0%+7,817,729 shares
- Dominion Energy~$947.8MAdded · 0.2% → 0.2%+12,364,032 shares
- Fox Corp~$932.1MNew · 0.0% → 0.0%+25,389,635 shares
- Elanco Animal Health Inc~$729.1MAdded · 0.0% → 0.0%+22,735,630 shares
- Capri Holdings Limited~$711.5MNew · 0.0% → 0.0%+15,551,018 shares
Largest sells
Since Q4 2018, 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.
- Twenty First Centy Fox Inc~$3.61BSold out · 0.2% → 0.0%−75,077,331 shares
- Twenty First Centy Fox Inc~$1.67BSold out · 0.1% → 0.0%−35,029,656 shares
- Pepsico Inc~$1.34BCut · 0.6% → 0.5%−10,938,036 shares
- Apartment Invt & Mgmt Co~$1.11BSold out · 0.0% → 0.0%−25,261,972 shares
- Steris Plc~$823.0MSold out · 0.0% → 0.0%−7,702,293 shares
- Boeing Co~$817.6MCut · 0.6% → 0.6%−2,143,588 shares
- Eli Lilly~$662.0MCut · 0.4% → 0.4%−5,101,886 shares
- Vectren Corp~$636.8MSold out · 0.0% → 0.0%−8,846,406 shares
- ServiceNow~$608.6MCut · 0.1% → 0.1%−2,469,042 shares
- Michael Kors Hldgs Ltd~$575.5MSold out · 0.0% → 0.0%−15,175,700 shares
Holdings
As of Mar 31, 2019. Changes are in shares against Dec 31, 2018, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCOM · shares +0.4% · price +16.1% | 2.8% | $71.39B | +$9.87B | ||||||||
| AppleCOM · shares −0.01% · price +20.4% | 2.5% | $64.30B | +$10.90B | ||||||||
| AmazonCOM · shares +1.3% · price +18.6% | 2.2% | $55.07B | +$8.51B | ||||||||
| Johnson & JohnsonCOM · shares +1.0% · price +8.3% | 1.2% | $31.25B | +$2.38B | ||||||||
| MetaCL A · shares +0.4% · price +27.2% | 1.2% | $29.54B | +$6.28B | ||||||||
| Exxon Mobil CorpCOM · shares +1.4% · price +18.5% | 1.1% | $27.85B | +$4.29B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +1.7% · price −1.6% | 1.1% | $27.78B | −$447.4M | ||||||||
| Jpmorgan Chase & CoCOM · shares +0.8% · price +3.7% | 1.0% | $26.44B | +$935.7M | ||||||||
| AlphabetCAP STK CL C · shares +1.0% · price +13.3% | 1.0% | $26.34B | +$3.06B | ||||||||
| AlphabetCAP STK CL A · shares +1.3% · price +12.6% | 1.0% | $26.17B | +$2.89B | ||||||||
| Visa Inc.COM CL A · shares +8.3% · price +18.4% | 0.89% | $22.70B | +$3.25B | ||||||||
| Procter And Gamble CoCOM · shares +10% · price +13.2% | 0.88% | $22.34B | +$2.36B | ||||||||
| IntelCOM · shares −0.8% · price +14.4% | 0.76% | $19.41B | +$2.45B | ||||||||
| Chevron Corp NewCOM · shares +1.1% · price +13.2% | 0.75% | $19.21B | +$2.22B | ||||||||
| Pfizer IncCOM · shares −0.4% · price −2.7% | 0.75% | $19.11B | −$531.0M | ||||||||
| CiscoCOM · shares −1.0% · price +24.6% | 0.75% | $19.11B | +$3.77B | ||||||||
| Verizon Communications IncCOM · shares +1.5% · price +5.2% | 0.74% | $18.91B | +$917.0M | ||||||||
| Bank Amer CorpCOM · shares +0.02% · price +12.0% | 0.71% | $18.22B | +$1.95B | ||||||||
| Unitedhealth Group IncCOM · shares +1.4% · price −0.7% | 0.70% | $17.91B | −$132.9M | ||||||||
| AT&TCOM · shares +1.5% · price +9.9% | 0.68% | $17.46B | +$1.55B | ||||||||
| Merck & Co IncCOM · shares +1.1% · price +8.8% | 0.68% | $17.28B | +$1.39B | ||||||||
| MastercardCL A · shares −0.03% · price +24.8% | 0.65% | $16.63B | +$3.31B | ||||||||
| Home Depot IncCOM · shares +1.1% · price +11.7% | 0.63% | $16.18B | +$1.67B | ||||||||
| Wells Fargo Co NewCOM · shares −1.3% · price +4.9% | 0.61% | $15.66B | +$726.0M | ||||||||
| Comcast Corp NewCL A · shares +11% · price +17.4% | 0.60% | $15.34B | +$2.05B | ||||||||
| Total · 4,118 positions | 100% | $2.55T | +$301.52B |
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 2018 to Q1 2019: 4,030 stocks held throughout, up $301.52B (+13.7%).
- Apple+$10.90B+20%
- Microsoft+$9.87B+16%
- Amazon+$8.51B+19%
- Meta+$6.28B+27%
- Exxon Mobil Corp+$4.29B+18%
- Cme Group Inc−$642.0M−13%
- Cigna Corp New−$830.9M−15%
- Biogen Inc−$969.1M−21%
- Cvs Health Corp−$1.17B−18%
- Abbvie Inc−$1.40B−13%
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 ↗ |