13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q4 2021. See the latest, Q2 2026 →
Reported value
$4.40T
+9.4% on the quarter before
Positions
4,635
219 new · 130 sold out
Top 10
21.3%
of the value
Est. gain
+$356.49B
on stocks held all quarter
Est. return
+8.9%
on those stocks since Q3 2021
Positions as of Dec 31, 2021, 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, 30% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2021. Striped tiles are options.
Largest buys
Since Q3 2021, 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.
- Realty Income Corp~$2.04BAdded · 0.1% → 0.1%+28,460,991 shares
- Wolfspeed~$1.22BNew · 0.0% → 0.0%+10,927,379 shares
- AppLovin~$1.21BAdded · 0.0% → 0.0%+12,829,680 shares
- Rivian Automotive Inc~$990.9MNew · 0.0% → 0.0%+9,555,957 shares
- Vmware Inc~$914.6MAdded · 0.0% → 0.0%+7,892,224 shares
- Coterra Energy Inc~$889.5MAdded · 0.0% → 0.0%+46,816,023 shares
- Intuit~$876.8MAdded · 0.3% → 0.3%+1,363,083 shares
- Microsoft~$729.3MAdded · 4.3% → 4.7%+2,168,376 shares
- EPAM Systems~$679.5MAdded · 0.1% → 0.1%+1,016,459 shares
- Salesforce~$643.5MAdded · 0.5% → 0.4%+2,532,127 shares
Largest sells
Since Q3 2021, 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.
- Kansas City Southern~$2.58BSold out · 0.1% → 0.0%−9,547,639 shares
- Vereit Inc~$1.47BSold out · 0.0% → 0.0%−32,559,564 shares
- Federal Rlty Invt Tr~$1.39BSold out · 0.0% → 0.0%−11,805,398 shares
- Bk Of America Corp~$1.27BCut · 0.6% → 0.6%−28,636,528 shares
- Marvell Technology Inc~$984.1MCut · 0.1% → 0.1%−11,248,397 shares
- Hill-Rom Hldgs Inc~$974.4MSold out · 0.0% → 0.0%−6,496,298 shares
- KLA~$944.2MCut · 0.1% → 0.1%−2,195,178 shares
- Apple~$900.5MCut · 4.5% → 5.1%−5,071,310 shares
- Cree Inc~$877.3MSold out · 0.0% → 0.0%−10,866,872 shares
- Coresite Rlty Corp~$874.0MSold out · 0.0% → 0.0%−6,308,305 shares
Holdings
As of Dec 31, 2021. Changes are in shares against Sep 30, 2021, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −0.4% · price +25.5% | 5.1% | $223.96B | +$45.49B | ||||||||
| MicrosoftCOM · shares +0.4% · price +19.3% | 4.7% | $207.16B | +$33.39B | ||||||||
| AmazonCOM · shares +0.4% · price +1.5% | 2.5% | $111.44B | +$1.64B | ||||||||
| AlphabetCAP STK CL A · shares +0.05% · price +8.4% | 1.5% | $66.55B | +$5.13B | ||||||||
| TeslaCOM · shares +0.7% · price +36.3% | 1.5% | $65.99B | +$17.44B | ||||||||
| MetaCL A · shares −0.5% · price −0.9% | 1.4% | $61.20B | −$553.2M | ||||||||
| AlphabetCAP STK CL C · shares −0.6% · price +8.6% | 1.4% | $60.87B | +$4.80B | ||||||||
| NvidiaCOM · shares +0.6% · price +42.0% | 1.3% | $57.65B | +$16.94B | ||||||||
| Jpmorgan Chase & CoCOM · shares −0.2% · price −3.3% | 0.93% | $41.18B | −$1.39B | ||||||||
| Johnson & JohnsonCOM · shares +0.6% · price +5.9% | 0.91% | $40.16B | +$2.23B | ||||||||
| Unitedhealth Group IncCOM · shares +0.4% · price +28.5% | 0.91% | $39.91B | +$8.82B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares −1.0% · price +9.5% | 0.89% | $39.40B | +$3.43B | ||||||||
| Home Depot IncCOM · shares −0.06% · price +26.4% | 0.88% | $38.68B | +$8.09B | ||||||||
| Procter And Gamble CoCOM · shares +0.2% · price +17.0% | 0.80% | $35.19B | +$5.11B | ||||||||
| Visa Inc.COM CL A · shares −0.3% · price −2.7% | 0.71% | $31.15B | −$868.3M | ||||||||
| Pfizer IncCOM · shares +1.2% · price +37.3% | 0.62% | $27.47B | +$7.38B | ||||||||
| Bk Of America CorpCOM · shares −4.7% · price +4.8% | 0.59% | $26.08B | +$1.20B | ||||||||
| MastercardCL A · shares −0.09% · price +3.3% | 0.57% | $25.21B | +$816.6M | ||||||||
| BroadcomCOM · shares +1.2% · price +37.2% | 0.55% | $24.26B | +$6.50B | ||||||||
| Accenture Plc IrelandSHS CLASS A · shares +2.0% · price +29.6% | 0.53% | $23.30B | +$5.22B | ||||||||
| AdobeCOM · shares +0.3% · price −1.5% | 0.49% | $21.79B | −$332.0M | ||||||||
| Exxon Mobil CorpCOM · shares +0.7% · price +4.0% | 0.49% | $21.76B | +$836.6M | ||||||||
| CiscoCOM · shares +0.8% · price +16.4% | 0.49% | $21.46B | +$3.00B | ||||||||
| Walt Disney Company (The)COM · shares +0.3% · price −8.4% | 0.49% | $21.37B | −$1.96B | ||||||||
| Costco Whsl Corp NewCOM · shares +0.6% · price +26.3% | 0.48% | $21.32B | +$4.42B | ||||||||
| Total · 4,635 positions | 100% | $4.40T | +$356.49B |
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 2021 to Q4 2021: 4,416 stocks held throughout, up $356.49B (+8.9%).
- Apple+$45.49B+25%
- Microsoft+$33.39B+19%
- Tesla+$17.44B+36%
- Nvidia+$16.94B+42%
- Unitedhealth Group Inc+$8.82B+29%
- Walt Disney Company (The)−$1.96B−8%
- Comcast Corp New−$2.21B−10%
- Medtronic Plc−$2.46B−17%
- Moderna Inc−$3.56B−34%
- PayPal−$6.73B−28%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 14 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 ↗ |