13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q4 2020. See the latest, Q2 2026 →
Reported value
$3.45T
+14% on the quarter before
Positions
4,205
215 new · 118 sold out
Top 10
19.6%
of the value
Est. gain
+$415.50B
on stocks held all quarter
Est. return
+14.0%
on those stocks since Q3 2020
Positions as of Dec 31, 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 Q3 2020. Striped tiles are options.
Largest buys
Since Q3 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.
- Tesla~$10.26BAdded · 0.6% → 1.2%+14,532,762 shares
- Viatris Inc~$2.42BNew · 0.0% → 0.1%+129,072,141 shares
- Seagen Inc~$2.08BNew · 0.0% → 0.1%+11,885,283 shares
- Schwab Charles Corp~$1.33BAdded · 0.1% → 0.2%+25,053,890 shares
- Morgan Stanley~$1.26BAdded · 0.2% → 0.2%+18,456,606 shares
- Vereit Inc~$1.16BNew · 0.0% → 0.0%+30,722,326 shares
- Teladoc Health Inc~$851.7MAdded · 0.1% → 0.1%+4,259,139 shares
- Apartment Income Reit Corp~$802.6MNew · 0.0% → 0.0%+20,895,758 shares
- Peloton Interactive Inc~$650.1MAdded · 0.1% → 0.1%+4,285,127 shares
- Terminix Global Holdings Inc~$593.7MNew · 0.0% → 0.0%+11,638,974 shares
Largest sells
Since Q3 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.
- Apple~$3.39BCut · 4.9% → 4.8%−25,513,335 shares
- Seattle Genetics Inc~$2.13BSold out · 0.1% → 0.0%−10,876,125 shares
- Microsoft~$1.91BCut · 4.3% → 4.0%−8,589,364 shares
- Immunomedics Inc~$1.54BSold out · 0.1% → 0.0%−18,109,323 shares
- Berkshire Hathaway Inc Del~$1.44BCut · 1.0% → 0.9%−6,209,251 shares
- E Trade Financial Corp~$1.19BSold out · 0.0% → 0.0%−23,864,844 shares
- Amazon~$1.13BCut · 3.4% → 3.1%−348,236 shares
- Alphabet~$997.8MCut · 1.1% → 1.1%−569,538 shares
- Vereit Inc~$979.9MSold out · 0.0% → 0.0%−150,748,029 shares
- Td Ameritrade Hldg Corp~$826.3MSold out · 0.0% → 0.0%−21,106,094 shares
Holdings
As of Dec 31, 2020. Changes are in shares against Sep 30, 2020, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −2.0% · price +14.6% | 4.8% | $166.55B | +$21.19B | ||||||||
| MicrosoftCOM · shares −1.4% · price +5.7% | 4.0% | $136.59B | +$7.42B | ||||||||
| AmazonCOM · shares −1.1% · price +3.4% | 3.1% | $105.64B | +$3.51B | ||||||||
| MetaCL A · shares −1.3% · price +4.3% | 1.4% | $49.95B | +$2.06B | ||||||||
| TeslaCOM · shares +34% · price +64.5% | 1.2% | $40.80B | +$11.97B | ||||||||
| AlphabetCAP STK CL A · shares −1.2% · price +19.6% | 1.2% | $40.03B | +$6.56B | ||||||||
| AlphabetCAP STK CL C · shares −2.6% · price +19.2% | 1.1% | $37.90B | +$6.11B | ||||||||
| Johnson & JohnsonCOM · shares −0.5% · price +5.7% | 1.0% | $35.87B | +$1.94B | ||||||||
| Visa Inc.COM CL A · shares −0.8% · price +9.4% | 0.91% | $31.52B | +$2.70B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares −4.4% · price +8.9% | 0.91% | $31.34B | +$2.56B | ||||||||
| Jpmorgan Chase & CoCOM · shares +0.3% · price +32.0% | 0.90% | $30.93B | +$7.47B | ||||||||
| Procter And Gamble CoCOM · shares −1.1% · price +0.1% | 0.88% | $30.33B | +$32.7M | ||||||||
| Unitedhealth Group IncCOM · shares −0.9% · price +12.5% | 0.80% | $27.74B | +$3.08B | ||||||||
| Walt Disney Company (The)COM · shares −0.7% · price +46.0% | 0.77% | $26.41B | +$8.32B | ||||||||
| MastercardCL A · shares −1.8% · price +5.6% | 0.73% | $25.16B | +$1.32B | ||||||||
| NvidiaCOM · shares −1.1% · price −3.5% | 0.73% | $25.06B | −$912.7M | ||||||||
| Home Depot IncCOM · shares −0.9% · price −4.4% | 0.69% | $23.83B | −$1.08B | ||||||||
| PayPalCOM · shares −1.4% · price +18.9% | 0.63% | $21.80B | +$3.46B | ||||||||
| Comcast Corp NewCL A · shares −0.5% · price +13.3% | 0.59% | $20.36B | +$2.39B | ||||||||
| Verizon Communications IncCOM · shares −0.9% · price −1.2% | 0.56% | $19.15B | −$241.2M | ||||||||
| AdobeCOM · shares −1.5% · price +2.0% | 0.56% | $19.15B | +$371.0M | ||||||||
| Walmart IncCOM · shares −0.6% · price +3.0% | 0.55% | $19.07B | +$560.8M | ||||||||
| Bk Of America CorpCOM · shares +0.2% · price +25.8% | 0.54% | $18.63B | +$3.82B | ||||||||
| Pepsico IncCOM · shares −0.9% · price +7.0% | 0.52% | $18.00B | +$1.18B | ||||||||
| NetflixCOM · shares −1.1% · price +8.1% | 0.52% | $17.95B | +$1.35B | ||||||||
| Total · 4,205 positions | 100% | $3.45T | +$415.50B |
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 2020 to Q4 2020: 3,990 stocks held throughout, up $415.50B (+14.0%).
- Apple+$21.19B+15%
- Tesla+$11.97B+64%
- Walt Disney Company (The)+$8.32B+46%
- Jpmorgan Chase & Co+$7.47B+32%
- Microsoft+$7.42B+6%
- Home Depot Inc−$1.08B−4%
- Amgen Inc−$1.14B−10%
- Zoom−$1.44B−28%
- Salesforce−$2.03B−11%
- Alibaba−$3.83B−21%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 9 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 ↗ |