# VANGUARD GROUP INC

> Institutional holdings reported to the SEC as of Q4 2025 on Form 13F. CIK 102909. Source: https://holderbook.com/funds/102909-vanguard-group-inc/

- Reported value: $6.9T
- Positions: 4,329
- Weight of the ten largest: 31.2%
- Filed: 2026-01-29

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $422.7B | 2,266,683,275 | 6.1% | 29 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $387.7B | 1,426,283,914 | 5.6% | 29 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $347.2B | 717,942,580 | 5.0% | 29 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $195.1B | 845,400,528 | 2.8% | 29 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $167.1B | 482,707,302 | 2.4% | 29 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $165.6B | 528,969,322 | 2.4% | 29 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $132.1B | 421,013,782 | 1.9% | 29 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $132.0B | 199,995,630 | 1.9% | 29 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $116.4B | 258,925,024 | 1.7% | 29 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $88.1B | 81,965,974 | 1.3% | 29 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $85.6B | 265,758,185 | 1.2% | 29 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $79.0B | 157,103,196 | 1.1% | 29 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $56.5B | 160,975,832 | 0.8% | 29 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $51.7B | 429,761,518 | 0.7% | 29 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $49.7B | 240,349,660 | 0.7% | 29 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $49.0B | 439,957,146 | 0.7% | 29 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $45.6B | 79,897,854 | 0.7% | 29 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $41.3B | 180,779,699 | 0.6% | 29 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $38.3B | 215,444,098 | 0.6% | 22 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $37.6B | 43,620,717 | 0.5% | 29 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $36.6B | 390,014,981 | 0.5% | 29 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $35.8B | 651,076,825 | 0.5% | 29 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $34.3B | 99,635,779 | 0.5% | 29 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $34.1B | 174,802,084 | 0.5% | 29 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $34.0B | 237,459,756 | 0.5% | 29 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $33.9B | 158,522,860 | 0.5% | 29 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $30.7B | 398,943,293 | 0.4% | 29 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $30.4B | 106,608,094 | 0.4% | 29 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $30.2B | 91,600,260 | 0.4% | 29 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $28.8B | 97,216,131 | 0.4% | 29 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $28.6B | 92,731,541 | 0.4% | 18 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $27.9B | 182,961,533 | 0.4% | 29 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $27.6B | 296,419,877 | 0.4% | 29 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $26.8B | 254,322,763 | 0.4% | 29 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $26.6B | 46,385,185 | 0.4% | 29 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $26.2B | 374,771,512 | 0.4% | 29 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $25.5B | 29,014,431 | 0.4% | 29 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $24.5B | 39,068,508 | 0.4% | 29 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $23.8B | 89,843,166 | 0.3% | 29 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $23.3B | 145,262,397 | 0.3% | 29 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $22.9B | 124,986,171 | 0.3% | 23 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $22.5B | 131,185,330 | 0.3% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $22.1B | 72,351,127 | 0.3% | 29 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $22.0B | 175,556,716 | 0.3% | 29 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $21.3B | 119,718,100 | 0.3% | 29 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $21.0B | 62,622,049 | 0.3% | 29 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $19.9B | 138,483,870 | 0.3% | 29 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $19.8B | 34,133,702 | 0.3% | 29 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $19.7B | 76,779,340 | 0.3% | 29 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $19.5B | 114,144,068 | 0.3% | 29 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $19.2B | 44,953,116 | 0.3% | 12 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $19.2B | 28,918,438 | 0.3% | 29 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $19.0B | 163,239,926 | 0.3% | 29 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $19.0B | 33,613,298 | 0.3% | 29 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $18.1B | 159,342,154 | 0.3% | 29 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $17.9B | 54,838,826 | 0.3% | 29 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $17.7B | 66,070,930 | 0.3% | 29 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $17.3B | 216,033,697 | 0.3% | 29 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $17.2B | 92,421,471 | 0.2% | 29 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $17.1B | 126,553,498 | 0.2% | 29 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $17.1B | 46,109,777 | 0.2% | 29 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $16.9B | 25,120,575 | 0.2% | 19 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $16.9B | 13,872,663 | 0.2% | 29 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $16.7B | 96,527,471 | 0.2% | 29 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $16.5B | 664,055,700 | 0.2% | 29 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $16.4B | 25,023,625 | 0.2% | 7 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $16.1B | 2,997,949 | 0.2% | 29 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $15.9B | 30,374,366 | 0.2% | 29 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $15.8B | 102,733,668 | 0.2% | 29 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $15.7B | 123,323,290 | 0.2% | 29 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $15.7B | 192,499,602 | 0.2% | 27 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $15.6B | 101,963,384 | 0.2% | 29 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $15.5B | 379,402,347 | 0.2% | 29 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $15.4B | 70,989,438 | 0.2% | 29 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $15.1B | 14,062,677 | 0.2% | 5 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $15.0B | 150,528,952 | 0.2% | 29 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $14.9B | 404,522,308 | 0.2% | 29 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $14.9B | 121,097,336 | 0.2% | 29 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $14.4B | 41,283,446 | 0.2% | 29 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $14.0B | 60,978,360 | 0.2% | 29 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $13.8B | 50,893,276 | 0.2% | 29 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $13.8B | 56,897,238 | 0.2% | 29 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $13.7B | 59,329,262 | 0.2% | 29 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $13.6B | 38,628,336 | 0.2% | 16 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $13.6B | 56,230,787 | 0.2% | 29 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $13.5B | 541,346,182 | 0.2% | 29 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $13.4B | 134,107,293 | 0.2% | 29 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $13.3B | 139,685,997 | 0.2% | 29 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $13.3B | 101,189,629 | 0.2% | 5 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $12.6B | 55,261,140 | 0.2% | 29 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $12.5B | 67,929,063 | 0.2% | 29 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $12.4B | 128,961,343 | 0.2% | 29 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $12.3B | 63,161,731 | 0.2% | 29 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $12.1B | 37,947,566 | 0.2% | 29 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $11.9B | 33,907,291 | 0.2% | 29 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $11.5B | 67,628,463 | 0.2% | 29 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $11.4B | 24,216,545 | 0.2% | 27 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $11.3B | 120,251,183 | 0.2% | 29 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $11.2B | 63,757,586 | 0.2% | 29 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $11.2B | 35,819,968 | 0.2% | 29 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2025 | +2.0% | +2.4% | -0.4% | 100% |
| Q3 2025 | +7.8% | +7.8% | -0.0% | 100% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 100% |
| Q1 2025 | -4.7% | -4.6% | -0.1% | 100% |
| Q4 2024 | +1.7% | +2.1% | -0.4% | 100% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 100% |
| Q2 2024 | +2.2% | +4.0% | -1.8% | 100% |
| Q1 2024 | +9.1% | +10.0% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2025 | $6.9T | 4,329 |
| Q3 2025 | $6.7T | 4,344 |
| Q2 2025 | $6.2T | 4,274 |
| Q1 2025 | $5.5T | 4,280 |
| Q4 2024 | $5.7T | 4,293 |
| Q3 2024 | $5.6T | 4,350 |
| Q2 2024 | $5.2T | 4,413 |
| Q1 2024 | $5.0T | 4,449 |
| Q4 2023 | $4.6T | 4,497 |
| Q3 2023 | $4.1T | 4,536 |
| Q2 2023 | $4.2T | 4,548 |
| Q1 2023 | $3.9T | 4,554 |