13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q3 2019. See the latest, Q2 2026 →
Reported value
$2.70T
+1.4% on the quarter before
Positions
4,153
105 new · 120 sold out
Top 10
15.5%
of the value
Est. gain
+$19.93B
on stocks held all quarter
Est. return
+0.8%
on those stocks since Q2 2019
Positions as of Sep 30, 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, 26% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2019. Striped tiles are options.
Largest buys
Since Q2 2019, 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.
- L3harris Technologies Inc~$3.82BNew · 0.0% → 0.1%+18,302,856 shares
- Fidelity Natl Information Sv~$3.06BAdded · 0.1% → 0.2%+23,020,993 shares
- Blackstone Group Inc~$1.73BNew · 0.0% → 0.1%+35,382,547 shares
- Global Pmts Inc~$1.69BAdded · 0.1% → 0.2%+10,643,618 shares
- Alibaba~$1.27BAdded · 0.3% → 0.3%+7,570,929 shares
- Salesforce~$1.22BAdded · 0.3% → 0.4%+8,231,953 shares
- Globe Life Inc~$1.19BNew · 0.0% → 0.0%+12,426,876 shares
- Amazon~$765.7MAdded · 2.2% → 2.0%+441,073 shares
- Microsoft~$712.8MAdded · 3.1% → 3.2%+5,126,599 shares
- Xerox Holdings Corp~$688.8MNew · 0.0% → 0.0%+23,028,068 shares
Largest sells
Since Q2 2019, 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.
- Red Hat Inc~$3.51BSold out · 0.1% → 0.0%−18,683,781 shares
- Worldpay Inc~$2.87BSold out · 0.1% → 0.0%−23,411,648 shares
- Anadarko Pete Corp~$2.80BSold out · 0.1% → 0.0%−39,675,987 shares
- Harris Corp Del~$2.64BSold out · 0.1% → 0.0%−13,984,134 shares
- Total Sys Svcs Inc~$2.25BSold out · 0.1% → 0.0%−17,531,758 shares
- L3 Technologies Inc~$2.09BSold out · 0.1% → 0.0%−8,517,397 shares
- First Data Corp New~$1.37BSold out · 0.1% → 0.0%−50,644,050 shares
- Torchmark Corp~$1.14BSold out · 0.0% → 0.0%−12,729,427 shares
- Tableau Software Inc~$1.14BSold out · 0.0% → 0.0%−6,853,594 shares
- Array Biopharma Inc~$942.8MSold out · 0.0% → 0.0%−20,348,961 shares
Holdings
As of Sep 30, 2019. Changes are in shares against Jun 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCOM · shares +0.8% · price +3.8% | 3.2% | $85.94B | +$3.11B | ||||||||
| AppleCOM · shares −1.2% · price +13.2% | 2.8% | $74.16B | +$8.63B | ||||||||
| AmazonCOM · shares +1.4% · price −8.3% | 2.0% | $55.12B | −$4.94B | ||||||||
| MetaCL A · shares +1.1% · price −7.7% | 1.2% | $32.55B | −$2.70B | ||||||||
| Jpmorgan Chase & CoCOM · shares −0.8% · price +5.3% | 1.1% | $29.48B | +$1.48B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +1.3% · price −2.4% | 1.1% | $29.35B | −$717.3M | ||||||||
| Johnson & JohnsonCOM · shares +0.4% · price −7.1% | 1.1% | $29.24B | −$2.23B | ||||||||
| AlphabetCAP STK CL C · shares +0.5% · price +12.8% | 1.0% | $27.81B | +$3.14B | ||||||||
| AlphabetCAP STK CL A · shares +0.8% · price +12.8% | 1.0% | $27.74B | +$3.12B | ||||||||
| Procter & Gamble CoCOM · shares +1.2% · price +13.4% | 1.0% | $27.51B | +$3.22B | ||||||||
| Visa Inc.COM CL A · shares +0.7% · price −0.9% | 0.94% | $25.46B | −$226.3M | ||||||||
| Exxon Mobil CorpCOM · shares +0.6% · price −7.9% | 0.92% | $24.69B | −$2.09B | ||||||||
| AT&TCOM · shares +1.3% · price +12.9% | 0.80% | $21.61B | +$2.44B | ||||||||
| Verizon Communications IncCOM · shares +0.5% · price +5.7% | 0.73% | $19.67B | +$1.05B | ||||||||
| Home Depot IncCOM · shares +0.3% · price +11.6% | 0.72% | $19.39B | +$2.00B | ||||||||
| MastercardCL A · shares +0.4% · price +2.7% | 0.72% | $19.36B | +$499.9M | ||||||||
| Chevron Corp NewCOM · shares +0.7% · price −4.7% | 0.70% | $18.81B | −$919.9M | ||||||||
| IntelCOM · shares −0.3% · price +7.6% | 0.69% | $18.68B | +$1.33B | ||||||||
| Bank Amer CorpCOM · shares −2.9% · price +0.6% | 0.69% | $18.55B | +$108.1M | ||||||||
| Comcast Corp NewCL A · shares +1.7% · price +6.6% | 0.67% | $17.94B | +$1.10B | ||||||||
| Merck & Co IncCOM · shares −0.00% · price +0.4% | 0.65% | $17.64B | +$69.1M | ||||||||
| Walt Disney Company (The)COM DISNEY · shares +1.5% · price −6.7% | 0.64% | $17.34B | −$1.22B | ||||||||
| CiscoCOM · shares +0.07% · price −9.7% | 0.64% | $17.33B | −$1.86B | ||||||||
| Coca Cola CoCOM · shares +1.5% · price +6.9% | 0.63% | $17.03B | +$1.09B | ||||||||
| Wells Fargo Co NewCOM · shares −0.8% · price +6.6% | 0.60% | $16.21B | +$1.00B | ||||||||
| Total · 4,153 positions | 100% | $2.70T | +$19.93B |
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 2019 to Q3 2019: 4,048 stocks held throughout, up $19.93B (+0.8%).
- Apple+$8.63B+13%
- Procter & Gamble Co+$3.22B+13%
- Alphabet+$3.14B+13%
- Alphabet+$3.12B+13%
- Microsoft+$3.11B+4%
- Johnson & Johnson−$2.23B−7%
- Meta−$2.70B−8%
- Netflix−$3.26B−27%
- Pfizer Inc−$3.29B−17%
- Amazon−$4.94B−8%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 4 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 ↗ |