13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q2 2020. See the latest, Q2 2026 →
Reported value
$2.82T
+20% on the quarter before
Positions
4,074
118 new · 125 sold out
Top 10
19.9%
of the value
Est. gain
+$480.56B
on stocks held all quarter
Est. return
+21.2%
on those stocks since Q1 2020
Positions as of Jun 30, 2020, 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, 29% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2020. Striped tiles are options.
Largest buys
Since Q1 2020, 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.
- Raytheon Technologies Corp~$7.93BNew · 0.0% → 0.3%+128,685,385 shares
- Aon Plc~$3.53BNew · 0.0% → 0.1%+18,325,482 shares
- T-Mobile Us Inc~$2.24BAdded · 0.1% → 0.2%+21,476,777 shares
- Otis Worldwide Corp~$2.22BNew · 0.0% → 0.1%+39,025,990 shares
- Abbvie Inc~$2.14BAdded · 0.4% → 0.5%+21,786,239 shares
- Carrier Global~$2.06BNew · 0.0% → 0.1%+92,805,369 shares
- BlackRock~$2.02BAdded · 0.2% → 0.3%+3,714,710 shares
- Unitedhealth Group Inc~$1.67BAdded · 0.8% → 0.8%+5,654,194 shares
- Zoom~$1.62BAdded · 0.0% → 0.1%+6,390,753 shares
- Home Depot Inc~$1.43BAdded · 0.7% → 0.8%+5,714,595 shares
Largest sells
Since Q1 2020, 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.
- United Technologies Corp~$6.81BSold out · 0.3% → 0.0%−72,183,898 shares
- Allergan Plc~$4.45BSold out · 0.2% → 0.0%−25,146,069 shares
- Raytheon Co~$3.15BSold out · 0.1% → 0.0%−24,043,110 shares
- Aon Plc~$3.08BSold out · 0.1% → 0.0%−18,632,591 shares
- Apple~$2.82BCut · 3.6% → 4.3%−7,738,358 shares
- Iac Interactivecorp~$2.31BCut · 0.1% → 0.0%−7,133,553 shares
- Microsoft~$1.66BCut · 4.3% → 4.6%−8,159,317 shares
- Jpmorgan Chase & Co~$1.21BCut · 0.9% → 0.8%−12,874,549 shares
- Newmont Corp~$1.10BCut · 0.2% → 0.2%−17,826,435 shares
- Cisco~$1.08BCut · 0.6% → 0.6%−23,147,247 shares
Holdings
As of Jun 30, 2020. Changes are in shares against Mar 31, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCOM · shares −1.3% · price +29.0% | 4.6% | $128.62B | +$28.95B | ||||||||
| AppleCOM · shares −2.3% · price +43.5% | 4.3% | $120.02B | +$36.36B | ||||||||
| AmazonCOM · shares −0.01% · price +41.5% | 3.2% | $90.97B | +$26.68B | ||||||||
| MetaCL A · shares −0.4% · price +36.1% | 1.5% | $42.72B | +$11.34B | ||||||||
| AlphabetCAP STK CL A · shares −0.8% · price +22.0% | 1.2% | $33.14B | +$5.98B | ||||||||
| Johnson & JohnsonCOM · shares −0.9% · price +7.2% | 1.2% | $32.59B | +$2.20B | ||||||||
| AlphabetCAP STK CL C · shares −2.3% · price +21.6% | 1.1% | $32.00B | +$5.68B | ||||||||
| Visa Inc.COM CL A · shares −3.1% · price +19.9% | 1.0% | $28.44B | +$4.72B | ||||||||
| Procter And Gamble CoCOM · shares −2.7% · price +8.7% | 0.95% | $26.68B | +$2.14B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares −3.1% · price −2.4% | 0.89% | $25.23B | −$610.5M | ||||||||
| Unitedhealth Group IncCOM · shares +7.5% · price +18.3% | 0.84% | $23.81B | +$3.42B | ||||||||
| Home Depot IncCOM · shares +6.7% · price +34.2% | 0.81% | $22.93B | +$5.48B | ||||||||
| Jpmorgan Chase & CoCOM · shares −5.3% · price +4.5% | 0.77% | $21.82B | +$935.1M | ||||||||
| MastercardCL A · shares −0.6% · price +22.4% | 0.76% | $21.56B | +$3.95B | ||||||||
| IntelCOM · shares −3.7% · price +10.6% | 0.76% | $21.31B | +$2.03B | ||||||||
| NvidiaCOM · shares +1.0% · price +44.1% | 0.66% | $18.62B | +$5.65B | ||||||||
| Verizon Communications IncCOM · shares −1.6% · price +2.6% | 0.65% | $18.37B | +$466.4M | ||||||||
| AT&TCOM · shares −4.3% · price +3.7% | 0.61% | $17.25B | +$616.4M | ||||||||
| AdobeCOM · shares −0.2% · price +36.8% | 0.61% | $17.21B | +$4.63B | ||||||||
| PayPalCOM · shares +0.03% · price +82.0% | 0.59% | $16.68B | +$7.51B | ||||||||
| Walt Disney Company (The)COM DISNEY · shares +7.8% · price +15.4% | 0.59% | $16.57B | +$2.05B | ||||||||
| Pepsico IncCOM · shares +6.0% · price +10.1% | 0.58% | $16.47B | +$1.43B | ||||||||
| Merck & Co. IncCOM · shares −1.9% · price +0.5% | 0.58% | $16.45B | +$83.0M | ||||||||
| Walmart IncCOM · shares −1.7% · price +5.4% | 0.57% | $16.21B | +$833.5M | ||||||||
| Exxon Mobil CorpCOM · shares −1.3% · price +17.8% | 0.57% | $16.19B | +$2.44B | ||||||||
| Total · 4,074 positions | 100% | $2.82T | +$480.56B |
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 Q1 2020 to Q2 2020: 3,955 stocks held throughout, up $480.56B (+21.2%).
- Apple+$36.36B+43%
- Microsoft+$28.95B+29%
- Amazon+$26.68B+41%
- Meta+$11.34B+36%
- PayPal+$7.51B+82%
- Philip Morris Intl Inc−$366.0M−4%
- Berkshire Hathaway Inc Del−$610.5M−2%
- Biogen Inc−$628.7M−15%
- General Electric Co−$743.8M−14%
- Wells Fargo Co New−$942.3M−11%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 8 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 ↗ |