13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q4 2024. See the latest, Q2 2026 →
Reported value
$5.74T
+2.8% on the quarter before
Positions
4,293
85 new · 143 sold out
Top 10
29.1%
of the value
Est. gain
+$94.51B
on stocks held all quarter
Est. return
+1.7%
on those stocks since Q3 2024
Positions as of Dec 31, 2024, 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, 39% of the reported value, each sized by its share, colored by what the fund did with it since Q3 2024. Striped tiles are options.
Largest buys
Since Q3 2024, 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.
- Blackrock Inc~$13.71BNew · 0.0% → 0.2%+13,376,606 shares
- Apple~$12.31BAdded · 5.6% → 6.1%+49,168,843 shares
- Arista Networks~$10.62BNew · 0.0% → 0.2%+96,084,951 shares
- Lam Research~$8.72BNew · 0.0% → 0.2%+120,787,727 shares
- Nvidia~$4.78BAdded · 4.7% → 5.1%+35,623,825 shares
- Microsoft~$4.40BAdded · 5.2% → 5.0%+10,431,988 shares
- Amazon~$3.87BAdded · 2.7% → 3.1%+17,635,391 shares
- Boeing Co~$2.24BAdded · 0.1% → 0.2%+12,641,715 shares
- Visa Inc.~$2.24BAdded · 0.7% → 0.9%+7,079,706 shares
- Super Micro~$1.89BNew · 0.0% → 0.0%+61,992,493 shares
Largest sells
Since Q3 2024, 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.
- BlackRock~$12.64BSold out · 0.2% → 0.0%−13,308,201 shares
- Lam Research~$9.93BSold out · 0.2% → 0.0%−12,168,163 shares
- Arista Networks~$9.12BSold out · 0.2% → 0.0%−23,773,633 shares
- Super Micro~$2.56BSold out · 0.0% → 0.0%−6,147,420 shares
- Aptiv Plc~$2.23BSold out · 0.0% → 0.0%−30,900,293 shares
- AppLovin~$2.15BCut · 0.1% → 0.1%−6,642,661 shares
- Marathon Oil Corp~$1.81BSold out · 0.0% → 0.0%−67,871,994 shares
- Palantir~$1.71BCut · 0.2% → 0.3%−22,597,915 shares
- Marvell Technology Inc~$1.34BCut · 0.1% → 0.1%−12,125,423 shares
- Catalent Inc~$1.23BSold out · 0.0% → 0.0%−20,232,750 shares
Holdings
As of Dec 31, 2024. Changes are in shares against Sep 30, 2024, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| AppleCOM · shares +3.7% · price +7.5% | 6.1% | $349.53B | +$23.46B | ||||||||
| NvidiaCOM · shares +1.7% · price +10.6% | 5.1% | $292.67B | +$27.55B | ||||||||
| MicrosoftCOM · shares +1.5% · price −2.0% | 5.0% | $288.34B | −$5.93B | ||||||||
| AmazonCOM · shares +2.2% · price +17.7% | 3.1% | $180.64B | +$26.64B | ||||||||
| MetaCL A · shares +0.8% · price +2.3% | 1.9% | $111.95B | +$2.48B | ||||||||
| BroadcomCOM · shares +1.4% · price +34.4% | 1.9% | $110.16B | +$27.80B | ||||||||
| TeslaCOM · shares +1.5% · price +54.4% | 1.7% | $98.21B | +$34.08B | ||||||||
| AlphabetCAP STK CL A · shares −0.8% · price +14.1% | 1.6% | $93.80B | +$11.62B | ||||||||
| AlphabetCAP STK CL C · shares −1.5% · price +13.9% | 1.3% | $76.53B | +$9.34B | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +1.1% · price −1.5% | 1.2% | $67.10B | −$1.02B | ||||||||
| Jpmorgan Chase & Co.COM · shares +0.09% · price +13.7% | 1.1% | $65.29B | +$7.85B | ||||||||
| Eli LillyCOM · shares +0.6% · price −12.9% | 1.00% | $57.32B | −$8.41B | ||||||||
| Visa Inc.COM CL A · shares +4.6% · price +14.9% | 0.88% | $50.38B | +$6.26B | ||||||||
| Exxon Mobil CorpCOM · shares −0.2% · price −8.2% | 0.81% | $46.40B | −$4.16B | ||||||||
| Unitedhealth Group IncCOM · shares +0.2% · price −13.5% | 0.75% | $43.07B | −$6.70B | ||||||||
| MastercardCL A · shares +0.5% · price +6.6% | 0.71% | $40.64B | +$2.52B | ||||||||
| Costco Whsl Corp NewCOM · shares +1.1% · price +3.4% | 0.67% | $38.67B | +$1.24B | ||||||||
| Procter And Gamble CoCOM · shares +0.7% · price −3.2% | 0.67% | $38.52B | −$1.27B | ||||||||
| Walmart IncCOM · shares +0.5% · price +11.9% | 0.67% | $38.19B | +$4.04B | ||||||||
| Home Depot IncCOM · shares +0.9% · price −4.0% | 0.65% | $37.25B | −$1.54B | ||||||||
| Johnson & JohnsonCOM · shares +0.8% · price −10.8% | 0.59% | $33.67B | −$4.03B | ||||||||
| NetflixCOM · shares +0.5% · price +25.7% | 0.58% | $33.41B | +$6.79B | ||||||||
| Abbvie IncCOM · shares +0.8% · price −10.0% | 0.54% | $30.75B | −$3.40B | ||||||||
| SalesforceCOM · shares −0.4% · price +22.1% | 0.50% | $28.93B | +$5.25B | ||||||||
| Bank America CorpCOM · shares −0.3% · price +10.8% | 0.50% | $28.91B | +$2.81B | ||||||||
| Total · 4,293 positions | 100% | $5.74T | +$94.51B |
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 2024 to Q4 2024: 4,208 stocks held throughout, up $94.51B (+1.7%).
- Tesla+$34.08B+54%
- Broadcom+$27.80B+34%
- Nvidia+$27.55B+11%
- Amazon+$26.64B+18%
- Apple+$23.46B+7%
- Exxon Mobil Corp−$4.16B−8%
- Microsoft−$5.93B−2%
- AMD−$6.44B−26%
- Unitedhealth Group Inc−$6.70B−13%
- Eli Lilly−$8.41B−13%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 13 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 ↗ |