13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q3 2023. See the latest, Q2 2026 →
Reported value
$4.07T
−3.5% on the quarter before
Positions
4,536
158 new · 170 sold out
Top 10
23.0%
of the value
Est. gain
−$161.86B
on stocks held all quarter
Est. return
−3.9%
on those stocks since Q2 2023
Positions as of Sep 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, 34% of the reported value, each sized by its share, colored by what the fund did with it since Q2 2023. Striped tiles are options.
Largest buys
Since Q2 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.
- Amazon~$4.07BAdded · 2.2% → 2.4%+32,038,029 shares
- Kenvue Inc~$2.94BNew · 0.0% → 0.1%+146,654,198 shares
- Blackstone Inc~$1.54BAdded · 0.1% → 0.2%+14,396,655 shares
- Crh Plc~$1.48BNew · 0.0% → 0.0%+27,131,389 shares
- Extra Space Storage Inc~$1.47BAdded · 0.1% → 0.1%+12,055,172 shares
- Airbnb~$1.41BAdded · 0.1% → 0.1%+10,301,746 shares
- Liberty Media Corp Del~$1.12BNew · 0.0% → 0.0%+18,050,818 shares
- Nvidia~$995.0MAdded · 2.0% → 2.2%+2,287,471 shares
- Tesla~$864.0MAdded · 1.4% → 1.4%+3,453,078 shares
- Rb Global Inc~$837.6MAdded · 0.0% → 0.0%+13,400,942 shares
Largest sells
Since Q2 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.
- Johnson & Johnson~$2.83BCut · 1.0% → 0.9%−18,192,091 shares
- Life Storage Inc~$1.64BSold out · 0.0% → 0.0%−12,337,574 shares
- Liberty Media Corp Del~$1.34BSold out · 0.0% → 0.0%−17,754,325 shares
- Microsoft~$1.28BCut · 5.3% → 5.0%−4,040,544 shares
- Black Knight Inc~$851.0MSold out · 0.0% → 0.0%−14,248,042 shares
- T-Mobile Us Inc~$676.6MCut · 0.2% → 0.1%−4,831,084 shares
- Apple~$632.0MCut · 6.0% → 5.5%−3,691,373 shares
- Pdc Energy Inc~$608.3MSold out · 0.0% → 0.0%−8,550,927 shares
- Univar Solutions Inc~$545.4MSold out · 0.0% → 0.0%−15,217,009 shares
- Iveric Bio Inc~$538.1MSold out · 0.0% → 0.0%−13,678,616 shares
Holdings
As of Sep 30, 2023. Changes are in shares against Jun 30, 2023, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares −0.3% · price −11.7% | 5.5% | $222.57B | −$29.59B | ||||||||
| MicrosoftCOM · shares −0.6% · price −7.3% | 5.0% | $204.99B | −$16.09B | ||||||||
| AmazonCOM · shares +4.4% · price −2.5% | 2.4% | $96.35B | −$2.35B | ||||||||
| NvidiaCOM · shares +1.1% · price +2.8% | 2.2% | $88.60B | +$2.41B | ||||||||
| AlphabetCAP STK CL A · shares +0.3% · price +9.3% | 1.6% | $63.79B | +$5.43B | ||||||||
| TeslaCOM · shares +1.6% · price −4.4% | 1.4% | $56.53B | −$2.57B | ||||||||
| MetaCL A · shares +1.0% · price +4.6% | 1.4% | $55.01B | +$2.40B | ||||||||
| AlphabetCAP STK CL C · shares −0.8% · price +9.0% | 1.3% | $54.06B | +$4.46B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +0.9% · price +2.7% | 1.2% | $50.74B | +$1.33B | ||||||||
| Exxon Mobil CorpCOM · shares −0.2% · price +9.6% | 1.1% | $45.54B | +$4.00B | ||||||||
| Unitedhealth Group IncCOM · shares −0.3% · price +4.9% | 1.0% | $42.16B | +$1.97B | ||||||||
| Jpmorgan Chase & CoCOM · shares −0.4% · price −0.3% | 0.97% | $39.50B | −$114.4M | ||||||||
| Eli LillyCOM · shares +0.9% · price +14.5% | 0.93% | $37.91B | +$4.76B | ||||||||
| Johnson & JohnsonCOM · shares −7.4% · price −5.9% | 0.88% | $35.71B | −$2.24B | ||||||||
| BroadcomCOM · shares −0.7% · price −4.2% | 0.82% | $33.44B | −$1.48B | ||||||||
| Procter And Gamble CoCOM · shares +0.2% · price −3.9% | 0.81% | $32.87B | −$1.32B | ||||||||
| Visa Inc.COM CL A · shares −0.3% · price −3.1% | 0.80% | $32.44B | −$1.05B | ||||||||
| MastercardCL A · shares −0.09% · price +0.7% | 0.72% | $29.50B | +$194.5M | ||||||||
| Home Depot IncCOM · shares −0.2% · price −2.7% | 0.70% | $28.53B | −$800.7M | ||||||||
| Chevron Corp NewCOM · shares +0.3% · price +7.2% | 0.67% | $27.30B | +$1.82B | ||||||||
| Merck & Co IncCOM · shares −0.04% · price −10.8% | 0.62% | $25.07B | −$3.03B | ||||||||
| Abbvie IncCOM · shares +0.9% · price +10.6% | 0.59% | $23.96B | +$2.28B | ||||||||
| Costco Whsl Corp NewCOM · shares +0.2% · price +4.9% | 0.55% | $22.53B | +$1.06B | ||||||||
| Pepsico IncCOM · shares −0.1% · price −8.5% | 0.55% | $22.23B | −$2.07B | ||||||||
| Walmart IncCOM · shares +0.6% · price +1.7% | 0.54% | $21.94B | +$375.3M | ||||||||
| Total · 4,536 positions | 100% | $4.07T | −$161.86B |
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 Q2 2023 to Q3 2023: 4,378 stocks held throughout, down $161.86B (−3.9%).
- Alphabet+$5.43B+9%
- Eli Lilly+$4.76B+15%
- Alphabet+$4.46B+9%
- Exxon Mobil Corp+$4.00B+10%
- Nvidia+$2.41B+3%
- Merck & Co Inc−$3.03B−11%
- Rtx Corporation−$3.25B−27%
- Nextera Energy Inc−$3.32B−23%
- Microsoft−$16.09B−7%
- Apple−$29.59B−12%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 6 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 ↗ |