13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q4 2019. See the latest, Q2 2026 →
Reported value
$2.93T
+8.7% on the quarter before
Positions
4,124
98 new · 127 sold out
Top 10
16.4%
of the value
Est. gain
+$212.26B
on stocks held all quarter
Est. return
+8.0%
on those stocks since Q3 2019
Positions as of Dec 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, 26% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2019. Striped tiles are options.
Largest buys
Since Q3 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.
- Truist Finl Corp~$6.07BNew · 0.0% → 0.2%+107,841,186 shares
- Bristol Myers Squibb Co~$3.88BAdded · 0.3% → 0.4%+60,430,418 shares
- Healthpeak Pptys Inc~$2.88BNew · 0.0% → 0.1%+83,515,308 shares
- Alibaba~$2.31BAdded · 0.3% → 0.5%+10,892,769 shares
- Viacomcbs Inc~$2.10BNew · 0.0% → 0.1%+50,035,548 shares
- Gen Digital~$1.64BNew · 0.0% → 0.1%+64,285,634 shares
- Uber~$1.04BAdded · 0.0% → 0.0%+34,897,619 shares
- ServiceNow~$1.00BAdded · 0.1% → 0.1%+3,557,884 shares
- Equity Lifestyle Pptys Inc~$941.8MAdded · 0.1% → 0.1%+13,379,427 shares
- Microsoft~$872.9MAdded · 3.2% → 3.4%+5,535,166 shares
Largest sells
Since Q3 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.
- Celgene Corp~$5.45BSold out · 0.2% → 0.0%−54,889,560 shares
- Bb&T Corp~$3.29BSold out · 0.1% → 0.0%−61,615,355 shares
- Hcp Inc~$2.87BSold out · 0.1% → 0.0%−80,574,528 shares
- Suntrust Bks Inc~$2.42BSold out · 0.1% → 0.0%−35,106,253 shares
- Symantec Corp~$1.49BSold out · 0.1% → 0.0%−63,121,117 shares
- Cbs Corp New~$1.24BSold out · 0.0% → 0.0%−30,687,755 shares
- Viacom Inc New~$967.1MSold out · 0.0% → 0.0%−40,247,031 shares
- Global Pmts Inc~$682.0MCut · 0.2% → 0.1%−3,735,722 shares
- AMD~$674.8MCut · 0.1% → 0.2%−14,713,401 shares
- Genesee & Wyo Inc~$574.4MSold out · 0.0% → 0.0%−5,197,699 shares
Holdings
As of Dec 31, 2019. Changes are in shares against Sep 30, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCOM · shares +0.9% · price +13.4% | 3.4% | $98.35B | +$11.54B | ||||||||
| AppleCOM · shares −0.5% · price +31.1% | 3.3% | $96.71B | +$22.95B | ||||||||
| AmazonCOM · shares +1.0% · price +6.4% | 2.0% | $59.25B | +$3.55B | ||||||||
| MetaCL A · shares +0.7% · price +15.3% | 1.3% | $37.77B | +$4.97B | ||||||||
| Jpmorgan Chase & CoCOM · shares −1.5% · price +18.4% | 1.2% | $34.41B | +$5.36B | ||||||||
| Johnson & JohnsonCOM · shares +1.0% · price +12.7% | 1.1% | $33.30B | +$3.73B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +0.6% · price +8.9% | 1.1% | $32.15B | +$2.61B | ||||||||
| AlphabetCAP STK CL A · shares +1.0% · price +9.7% | 1.0% | $30.73B | +$2.69B | ||||||||
| AlphabetCAP STK CL C · shares −0.8% · price +9.7% | 1.0% | $30.26B | +$2.67B | ||||||||
| Procter & Gamble CoCOM · shares +1.0% · price +0.4% | 0.95% | $27.91B | +$115.0M | ||||||||
| Visa Inc.COM CL A · shares −0.06% · price +9.2% | 0.95% | $27.80B | +$2.35B | ||||||||
| Exxon Mobil CorpCOM · shares +1.1% · price −1.2% | 0.84% | $24.67B | −$290.3M | ||||||||
| AT&TCOM · shares +1.2% · price +3.3% | 0.77% | $22.59B | +$708.0M | ||||||||
| Bank Amer CorpCOM · shares −2.5% · price +20.7% | 0.74% | $21.84B | +$3.75B | ||||||||
| IntelCOM · shares −0.4% · price +16.1% | 0.74% | $21.61B | +$3.00B | ||||||||
| Unitedhealth Group IncCOM · shares +3.4% · price +35.3% | 0.73% | $21.51B | +$5.42B | ||||||||
| MastercardCL A · shares +0.4% · price +9.9% | 0.73% | $21.37B | +$1.93B | ||||||||
| Verizon Communications IncCOM · shares +0.7% · price +1.7% | 0.69% | $20.16B | +$339.0M | ||||||||
| Walt Disney Company (The)COM DISNEY · shares +0.9% · price +11.0% | 0.66% | $19.41B | +$1.90B | ||||||||
| Chevron Corp NewCOM · shares +0.7% · price +1.6% | 0.66% | $19.24B | +$302.9M | ||||||||
| Merck & Co IncCOM · shares +0.5% · price +8.0% | 0.65% | $19.15B | +$1.42B | ||||||||
| Home Depot IncCOM · shares +0.3% · price −5.9% | 0.62% | $18.31B | −$1.14B | ||||||||
| Comcast Corp NewCL A · shares +1.3% · price −0.2% | 0.62% | $18.14B | −$43.8M | ||||||||
| Pfizer IncCOM · shares +1.0% · price +9.0% | 0.60% | $17.63B | +$1.45B | ||||||||
| Coca Cola CoCOM · shares +1.4% · price +1.7% | 0.60% | $17.56B | +$284.7M | ||||||||
| Total · 4,124 positions | 100% | $2.93T | +$212.26B |
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 Q3 2019 to Q4 2019: 4,026 stocks held throughout, up $212.26B (+8.0%).
- Apple+$22.95B+31%
- Microsoft+$11.54B+13%
- Unitedhealth Group Inc+$5.42B+35%
- Jpmorgan Chase & Co+$5.36B+18%
- Meta+$4.97B+15%
- Equity Lifestyle Pptys Inc−$785.3M−47%
- IBM−$821.8M−8%
- Home Depot Inc−$1.14B−6%
- Mcdonalds Corp−$1.15B−8%
- Boeing Co−$2.22B−14%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 2 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 ↗ |