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VANGUARD GROUP

2,683 US-listed positions worth $6.18T, as reported on Form 13F-HR for the quarter ending 31 Dec 2025.

This report is 8 months old. It is what VANGUARD GROUP held on 31 Dec 2025, filed 29 Jan 2026 — 29 days after the quarter ended. A Form 13F is a quarterly snapshot, not a live portfolio: a manager reports the US-listed long positions it held on the last day of a quarter, and may file up to 45 days after that quarter ends. Positions can have changed since. Short positions, most non-US holdings and cash are not reported at all.

What changed since 30 Sep 2025

Comparing the 31 Dec 2025 report with the one before it. This is a reported quarterly holdings change: the position moved between two quarterly snapshots, which is not the same as a purchase or a sale on any particular day.

40 newly reported · 0 no longer reported · 1,542 increased · 1,087 decreased · 14 unchanged.

Newly reported

Company Value now Share change Shares now
Q Qnity Electronics $2.2B +27,270,370 27,270,370
SOLS Solstice Advanced Materials $893M +18,387,717 18,387,717
MDLN Medline Inc. $793M +18,887,568 18,887,568
LLYVK Liberty Live (Series C) $393M +4,721,823 4,721,823
LLYVA Liberty Live (Series A) $163M +2,003,440 2,003,440
BETA BETA TECHNOLOGIES INC CLASS A $77M +2,732,701 2,732,701
ALH ALLIANCE LAUNDRY HOLDINGS INC $76M +3,742,560 3,742,560
NAVN NAVAN INC CLASS A $57M +3,328,317 3,328,317
NP NEPTUNE INSURANCE HOLDINGS INC CLA $47M +1,613,955 1,613,955
DEC DIVERSIFIED ENERGY COMPANY $43M +2,948,967 2,948,967
BLLN BillionToOne, Inc. $29M +352,368 352,368
LBRX LB PHARMACEUTICALS INC $25M +1,112,978 1,112,978
KDK Kodiak AI, Inc. $16M +1,455,300 1,455,300
MPLT MAPLIGHT THERAPEUTICS INC $15M +869,668 869,668
JRVR JAMES RIVER GROUP HOLDINGS INC $14M +2,264,383 2,264,383
IMSR Terrestrial Energy Inc. $11M +1,849,446 1,849,446
CBK COMMERCIAL BANCGROUP INC $10M +416,721 416,721
SENS SENSEONICS HOLDINGS INC $10M +1,833,224 1,833,224
EVMN EVOMMUNE INC $9M +502,574 502,574
FRMI Fermi Inc. $7M +850,283 850,283

Showing the 20 largest of 40 by reported value.

Increased

Company Value now Share change Shares now
NVDA Nvidia $422.7B +43,149,475 2,266,683,275
AAPL Apple Inc. $387.7B +26,856,752 1,426,283,914
MSFT Microsoft $347.2B +15,955,898 717,942,580
AVGO Broadcom $167.1B +3,919,715 482,707,302
GOOGL Alphabet Inc. (Class A) $165.6B +12,531,695 528,969,322
GOOG Alphabet Inc. (Class C) $132.1B +8,128,234 421,013,782
META Meta Platforms $132.0B +7,269,279 199,995,630
TSLA Tesla, Inc. $116.4B +6,538,720 258,925,024
LLY Lilly (Eli) $88.1B +1,006,885 81,965,974
BRK.B Berkshire Hathaway $79.0B +2,777,083 157,103,196
V Visa Inc. $56.5B +1,054,343 160,975,832
JNJ Johnson & Johnson $49.7B +3,731,074 240,349,660
WMT Walmart $49.0B +4,304,436 439,957,146
MA Mastercard $45.6B +466,514 79,897,854
ABBV AbbVie $41.3B +3,032,438 180,779,699
PLTR Palantir Technologies $38.3B +1,557,828 215,444,098
COST Costco $37.6B +165,349 43,620,717
NFLX Netflix $36.6B +351,493,659 390,014,981
BAC Bank of America $35.8B +23,351,183 651,076,825
HD Home Depot (The) $34.3B +1,325,748 99,635,779

Showing the 20 largest of 1,542 by reported value.

Decreased

Company Value now Share change Shares now
AMZN Amazon $195.1B -4,937,929 845,400,528
JPM JPMorgan Chase $85.6B -136,410 265,758,185
CVX Chevron Corporation $27.9B -828,495 182,961,533
WFC Wells Fargo $27.6B -2,108,595 296,419,877
SCHW Charles Schwab Corporation $15.0B -1,056,262 150,528,952
ADBE Adobe Inc. $14.4B -85,949 41,283,446
VRTX Vertex Pharmaceuticals $10.9B -111,042 24,105,823
ADP Automatic Data Processing $10.7B -109,715 41,579,918
LMT Lockheed Martin $10.3B -17,369 21,271,281
HWM Howmet Aerospace $10.0B -202,187 48,937,802
TDG TransDigm Group $9.0B -15,399 6,799,539
GM General Motors $8.8B -1,450,922 108,142,822
MSI Motorola Solutions $8.5B -8,291 22,163,668
PWR Quanta Services $7.6B -58,628 18,084,991
WDC Western Digital $7.3B -933,733 42,348,660
HLT Hilton Worldwide $7.3B -153,470 25,309,726
HCA HCA Healthcare $6.9B -178,502 14,716,173
FDX FedEx $6.7B -94,262 23,347,787
IDXX Idexx Laboratories $6.7B -16,697 9,945,328
MRVL Marvell Technology $6.7B -854,822 78,755,386

Showing the 20 largest of 1,087 by reported value.

Reported positions

VANGUARD GROUP reported these 2,683 companies across 12,370 separate lines on the filing — one per sub-entity or share class. Each company's lines are added together here.

CompanyReported value Share of portfolioShares
NVDA Nvidia $422.7B 6.8% 2,266,683,275
AAPL Apple Inc. $387.7B 6.3% 1,426,283,914
MSFT Microsoft $347.2B 5.6% 717,942,580
AMZN Amazon $195.1B 3.2% 845,400,528
AVGO Broadcom $167.1B 2.7% 482,707,302
GOOGL Alphabet Inc. (Class A) $165.6B 2.7% 528,969,322
GOOG Alphabet Inc. (Class C) $132.1B 2.1% 421,013,782
META Meta Platforms $132.0B 2.1% 199,995,630
TSLA Tesla, Inc. $116.4B 1.9% 258,925,024
LLY Lilly (Eli) $88.1B 1.4% 81,965,974
JPM JPMorgan Chase $85.6B 1.4% 265,758,185
BRK.B Berkshire Hathaway $79.0B 1.3% 157,103,196
V Visa Inc. $56.5B 0.9% 160,975,832
JNJ Johnson & Johnson $49.7B 0.8% 240,349,660
WMT Walmart $49.0B 0.8% 439,957,146
MA Mastercard $45.6B 0.7% 79,897,854
ABBV AbbVie $41.3B 0.7% 180,779,699
PLTR Palantir Technologies $38.3B 0.6% 215,444,098
COST Costco $37.6B 0.6% 43,620,717
NFLX Netflix $36.6B 0.6% 390,014,981
BAC Bank of America $35.8B 0.6% 651,076,825
HD Home Depot (The) $34.3B 0.6% 99,635,779
ORCL Oracle Corporation $34.1B 0.6% 174,802,084
PG Procter & Gamble $34.0B 0.6% 237,459,756
AMD Advanced Micro Devices $33.9B 0.5% 158,522,860
CSCO Cisco $30.7B 0.5% 398,943,293
MU Micron Technology $30.4B 0.5% 106,608,094
UNH UnitedHealth Group $30.2B 0.5% 91,600,260
IBM IBM $28.8B 0.5% 97,216,131
GE GE Aerospace $28.6B 0.5% 92,731,541
CVX Chevron Corporation $27.9B 0.5% 182,961,533
WFC Wells Fargo $27.6B 0.4% 296,419,877
MRK Merck & Co. $26.8B 0.4% 254,322,763
CAT Caterpillar Inc. $26.6B 0.4% 46,385,185
KO Coca-Cola Company (The) $26.2B 0.4% 374,771,512
GS Goldman Sachs $25.5B 0.4% 29,014,431
CRM Salesforce $23.8B 0.4% 89,843,166
PM Philip Morris International $23.3B 0.4% 145,262,397
RTX RTX Corporation $22.9B 0.4% 124,986,171
LRCX Lam Research $22.5B 0.4% 131,185,330
MCD McDonald's $22.1B 0.4% 72,351,127
ABT Abbott Laboratories $22.0B 0.4% 175,556,716
MS Morgan Stanley $21.3B 0.3% 119,718,100
PEP PepsiCo $19.9B 0.3% 138,483,870
TMO Thermo Fisher Scientific $19.8B 0.3% 34,133,702
AMAT Applied Materials $19.7B 0.3% 76,779,340
QCOM Qualcomm $19.5B 0.3% 114,144,068
INTU Intuit $19.2B 0.3% 28,918,438
C Citigroup $19.0B 0.3% 163,239,926
ISRG Intuitive Surgical $19.0B 0.3% 33,613,298

Showing the 50 largest of 2,683 reported positions, by reported value.

Source: SEC EDGAR Form 13F-HR. Positions are grouped by the CUSIP the manager filed and shown with the company we resolve it to.

Informational only — NOT financial advice. Holdings are self-reported on SEC Form 13F-HR and are a delayed quarterly snapshot, not a record of trades. A change between two reports is a change in a reported position, not a same-day purchase or sale, and it is not a recommendation to do the same.