13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q2 2023. See the latest, Q2 2026 →
Reported value
$4.22T
+7.4% on the quarter before
Positions
4,548
167 new · 173 sold out
Top 10
22.9%
of the value
Est. gain
+$283.08B
on stocks held all quarter
Est. return
+7.3%
on those stocks since Q1 2023
Positions as of Jun 30, 2023, 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, 33% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2023. Striped tiles are options.
Largest buys
Since Q1 2023, 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.
- Canadian Pacific Kansas City~$2.69BNew · 0.0% → 0.1%+33,269,660 shares
- Costar Group Inc~$1.76BAdded · 0.1% → 0.1%+19,777,676 shares
- Palo Alto Networks~$1.56BAdded · 0.1% → 0.2%+6,086,264 shares
- Microsoft~$1.26BAdded · 4.8% → 5.3%+3,703,243 shares
- Walmart Inc~$960.0MAdded · 0.5% → 0.5%+6,107,720 shares
- Thomson Reuters Corp.~$773.9MNew · 0.0% → 0.0%+5,735,145 shares
- Xylem Inc~$754.4MAdded · 0.1% → 0.1%+6,698,843 shares
- PSEG~$579.8MAdded · 0.1% → 0.1%+9,260,836 shares
- Cummins~$562.1MAdded · 0.1% → 0.1%+2,292,728 shares
- Rb Global Inc~$554.8MNew · 0.0% → 0.0%+9,246,346 shares
Largest sells
Since Q1 2023, 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.
- Canadian Pac Ry Ltd~$2.52BSold out · 0.1% → 0.0%−32,696,853 shares
- Nvidia~$1.80BCut · 1.5% → 2.0%−4,266,576 shares
- Visa Inc.~$1.26BCut · 0.8% → 0.8%−5,318,873 shares
- Mastercard~$1.25BCut · 0.7% → 0.7%−3,182,782 shares
- Apple~$1.20BCut · 5.5% → 6.0%−6,190,382 shares
- Cadence~$964.5MCut · 0.2% → 0.1%−4,112,816 shares
- Thomson Reuters Corp.~$735.2MSold out · 0.0% → 0.0%−5,649,806 shares
- Alphabet~$697.1MCut · 1.1% → 1.2%−5,762,425 shares
- Evoqua Water Technologies Co~$576.5MSold out · 0.0% → 0.0%−11,594,275 shares
- Exxon Mobil Corp~$503.4MCut · 1.1% → 1.0%−4,693,453 shares
Holdings
As of Jun 30, 2023. Changes are in shares against Mar 31, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −0.5% · price +17.6% | 6.0% | $252.88B | +$37.90B | ||||||||
| MicrosoftCOM · shares +0.6% · price +18.1% | 5.3% | $222.46B | +$33.93B | ||||||||
| AmazonCOM · shares +0.4% · price +26.2% | 2.2% | $94.63B | +$19.58B | ||||||||
| NvidiaCOM · shares −2.1% · price +52.3% | 2.0% | $85.19B | +$29.25B | ||||||||
| TeslaCOM · shares +0.8% · price +26.2% | 1.4% | $58.24B | +$11.98B | ||||||||
| AlphabetCAP STK CL A · shares −0.2% · price +15.4% | 1.4% | $58.19B | +$7.76B | ||||||||
| MetaCL A · shares +0.3% · price +35.4% | 1.2% | $52.09B | +$13.58B | ||||||||
| AlphabetCAP STK CL C · shares −1.4% · price +16.3% | 1.2% | $50.01B | +$7.02B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +0.5% · price +10.4% | 1.2% | $48.94B | +$4.60B | ||||||||
| Exxon Mobil CorpCOM · shares −1.2% · price −2.2% | 0.99% | $41.64B | −$935.7M | ||||||||
| Johnson & JohnsonCOM · shares +0.2% · price +6.8% | 0.97% | $40.96B | +$2.60B | ||||||||
| Unitedhealth Group IncCOM · shares −0.5% · price +1.7% | 0.96% | $40.32B | +$675.4M | ||||||||
| Jpmorgan Chase & CoCOM · shares −0.7% · price +11.6% | 0.94% | $39.77B | +$4.14B | ||||||||
| BroadcomCOM · shares +0.9% · price +35.2% | 0.83% | $35.16B | +$9.07B | ||||||||
| Procter And Gamble CoCOM · shares −0.2% · price +2.1% | 0.81% | $34.13B | +$686.1M | ||||||||
| Visa Inc.COM CL A · shares −3.6% · price +5.3% | 0.80% | $33.61B | +$1.70B | ||||||||
| Eli LillyCOM · shares −0.1% · price +36.6% | 0.78% | $32.79B | +$8.78B | ||||||||
| Home Depot IncCOM · shares −0.4% · price +5.3% | 0.70% | $29.38B | +$1.47B | ||||||||
| MastercardCL A · shares −4.1% · price +8.2% | 0.70% | $29.33B | +$2.23B | ||||||||
| Merck & Co IncCOM · shares −0.1% · price +8.5% | 0.67% | $28.11B | +$2.19B | ||||||||
| Chevron Corp NewCOM · shares +0.5% · price −3.6% | 0.60% | $25.41B | −$933.4M | ||||||||
| Pepsico IncCOM · shares −0.03% · price +1.6% | 0.58% | $24.33B | +$383.5M | ||||||||
| Coca Cola CoCOM · shares −0.05% · price −2.9% | 0.53% | $22.27B | −$669.5M | ||||||||
| Abbvie IncCOM · shares −0.7% · price −15.5% | 0.51% | $21.46B | −$3.93B | ||||||||
| Walmart IncCOM · shares +4.7% · price +6.6% | 0.51% | $21.45B | +$1.27B | ||||||||
| Total · 4,548 positions | 100% | $4.22T | +$283.08B |
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 2023 to Q2 2023: 4,381 stocks held throughout, up $283.08B (+7.3%).
- Apple+$37.90B+18%
- Microsoft+$33.93B+18%
- Nvidia+$29.25B+52%
- Amazon+$19.58B+26%
- Meta+$13.58B+35%
- Walt Disney Company (The)−$1.61B−11%
- Thermo Fisher Scientific Inc−$1.78B−9%
- AT&T−$2.03B−17%
- Pfizer Inc−$2.09B−10%
- Abbvie Inc−$3.93B−15%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 7 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 ↗ |