# Vision Capital Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1417889. Source: https://holderbook.com/funds/1417889-vision-capital-management-inc/

- Reported value: $875.9M
- Positions: 156
- Weight of the ten largest: 52.8%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $85.3M | 113,897 | 9.7% | 31 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $80.6M | 1,131,158 | 9.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $64.6M | 223,377 | 7.4% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $50.4M | 339,793 | 5.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $41.9M | 117,364 | 4.8% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $38.6M | 646,823 | 4.4% | 31 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $30.7M | 84,065 | 3.5% | 18 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $23.8M | 63,925 | 2.7% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $23.3M | 97,611 | 2.7% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $23.2M | 307,858 | 2.7% | 21 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $21.3M | 106,584 | 2.4% | 17 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $21.2M | 238,266 | 2.4% | 25 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $19.5M | 178,377 | 2.2% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $16.0M | 46,628 | 1.8% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $12.9M | 50,692 | 1.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $12.2M | 13,087 | 1.4% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $11.8M | 424,434 | 1.3% | 31 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $11.4M | 33,060 | 1.3% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $10.3M | 28,552 | 1.2% | 30 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $9.1M | 89,538 | 1.0% | 31 |
| U HAUL HOLDING COMPANY | [UHALB](https://holderbook.com/stocks/UHALB/) | $8.9M | 154,986 | 1.0% | 15 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $8.5M | 110,494 | 1.0% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $8.4M | 45,433 | 1.0% | 31 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $7.3M | 17,406 | 0.8% | 30 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $7.2M | 21,239 | 0.8% | 6 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $7.0M | 115,939 | 0.8% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $7.0M | 5,868 | 0.8% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $6.4M | 8,786 | 0.7% | 8 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $6.3M | 122,359 | 0.7% | 25 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $6.3M | 65,755 | 0.7% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $6.2M | 108,417 | 0.7% | 23 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $6.1M | 15,115 | 0.7% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.7M | 8,340 | 0.7% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $5.6M | 25,736 | 0.6% | 10 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $5.4M | 115,155 | 0.6% | 19 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $5.3M | 27,393 | 0.6% | 31 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $5.1M | 37,279 | 0.6% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $5.0M | 57,105 | 0.6% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $5.0M | 46,393 | 0.6% | 31 |
| ADVANCED DRAIN SYS INC DEL | [WMS](https://holderbook.com/stocks/WMS/) | $4.5M | 28,861 | 0.5% | 9 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $4.5M | 30,582 | 0.5% | 25 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $4.3M | 27,247 | 0.5% | 21 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $4.2M | 18,575 | 0.5% | 1 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $4.1M | 40,096 | 0.5% | 31 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $4.1M | 18,515 | 0.5% | 1 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $4.0M | 34,064 | 0.5% | 5 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $4.0M | 13,157 | 0.5% | 25 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $3.8M | 105,562 | 0.4% | 25 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.7M | 11,362 | 0.4% | 11 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $3.7M | 35,745 | 0.4% | 28 |
| WILLIAMS SONOMA INC | [WSM](https://holderbook.com/stocks/WSM/) | $3.4M | 14,576 | 0.4% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $3.4M | 47,279 | 0.4% | 31 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $3.3M | 6,630 | 0.4% | 9 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $3.3M | 58,779 | 0.4% | 26 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $2.8M | 17,349 | 0.3% | 27 |
| C H ROBINSON WORLDWIDE IN | [CHRW](https://holderbook.com/stocks/CHRW/) | $2.6M | 13,781 | 0.3% | 31 |
| COMMVAULT SYS INC | [CVLT](https://holderbook.com/stocks/CVLT/) | $2.6M | 18,048 | 0.3% | 5 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $2.5M | 6,146 | 0.3% | 11 |
| VANGUARD SCOTTSDALE FDS | [VTWO](https://holderbook.com/stocks/VTWO/) | $2.4M | 19,566 | 0.3% | 4 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.4M | 4,192 | 0.3% | 6 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $2.2M | 11,204 | 0.3% | 5 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $2.2M | 9,891 | 0.2% | 31 |
| HF SINCLAIR CORP | [DINO](https://holderbook.com/stocks/DINO/) | $2.1M | 29,693 | 0.2% | 18 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $2.0M | 296 | 0.2% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $2.0M | 66,536 | 0.2% | 26 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.9M | 4,901 | 0.2% | 4 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.8M | 13,031 | 0.2% | 11 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $1.8M | 8,042 | 0.2% | 11 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.8M | 29,188 | 0.2% | 31 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $1.7M | 31,802 | 0.2% | 26 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $1.7M | 45,394 | 0.2% | 25 |
| CARMAX INC | [KMX](https://holderbook.com/stocks/KMX/) | $1.7M | 31,323 | 0.2% | 31 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $1.6M | 7,778 | 0.2% | 11 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.5M | 2,663 | 0.2% | 11 |
| PINTEREST INC | [PINS](https://holderbook.com/stocks/PINS/) | $1.5M | 73,088 | 0.2% | 19 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.5M | 4,259 | 0.2% | 11 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $1.5M | 20,840 | 0.2% | 2 |
| TFS FINL CORP | [TFSL](https://holderbook.com/stocks/TFSL/) | $1.4M | 80,493 | 0.2% | 31 |
| ISHARES TR | [SUSC](https://holderbook.com/stocks/SUSC/) | $1.4M | 61,063 | 0.2% | 16 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $1.4M | 18,465 | 0.2% | 5 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $1.3M | 8,112 | 0.1% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.2M | 3,368 | 0.1% | 11 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.1M | 12,409 | 0.1% | 11 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.0M | 973 | 0.1% | 8 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.0M | 24,629 | 0.1% | 31 |
| ISHARES TR | [IVLU](https://holderbook.com/stocks/IVLU/) | $974.6K | 23,305 | 0.1% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $969.2K | 5,847 | 0.1% | 11 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $932.2K | 11,153 | 0.1% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $915.3K | 1,782 | 0.1% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $909.2K | 2,578 | 0.1% | 11 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $864.0K | 4,214 | 0.1% | 31 |
| F5 INC | [FFIV](https://holderbook.com/stocks/FFIV/) | $851.5K | 2,047 | 0.1% | 30 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $845.8K | 7,468 | 0.1% | 7 |
| ISHARES TR | [ILCG](https://holderbook.com/stocks/ILCG/) | $788.7K | 6,740 | 0.1% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $777.6K | 1,554 | 0.1% | 11 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $669.2K | 5,697 | 0.1% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $667.4K | 2,239 | 0.1% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $649.0K | 869 | 0.1% | 11 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $643.8K | 7,789 | 0.1% | 11 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $624.5K | 2,802 | 0.1% | 6 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +12.1% | +14.8% | -2.7% | 100% |
| Q1 2026 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2025 | +2.9% | +2.4% | +0.6% | 100% |
| Q3 2025 | +7.0% | +7.8% | -0.9% | 100% |
| Q2 2025 | +6.2% | +10.5% | -4.2% | 100% |
| Q1 2025 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2024 | -1.3% | +2.1% | -3.5% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $875.9M | 156 |
| Q1 2026 | $791.9M | 150 |
| Q4 2025 | $829.5M | 147 |
| Q3 2025 | $810.6M | 145 |
| Q2 2025 | $761.0M | 140 |
| Q1 2025 | $693.8M | 135 |
| Q4 2024 | $680.5M | 131 |
| Q3 2024 | $709.4M | 127 |
| Q2 2024 | $672.2M | 122 |
| Q1 2024 | $670.4M | 120 |
| Q4 2023 | $641.4M | 116 |
| Q3 2023 | $543.4M | 74 |