Style
CoreTurnover
—Orientation
—Vanguard Capital Management employs a broadly diversified, index-oriented investment philosophy, as evidenced by its $4.0 trillion portfolio spanning 4,062 positions. Despite this breadth, the portfolio exhibits a pronounced technology tilt, with Technology alone comprising 30.8% of assets, and the top five holdings—NVIDIA, Apple, Microsoft, Amazon, and Alphabet—collectively representing over 23% of the total. This concentration in mega-cap growth names, led by a 6.7% weight in NVIDIA and 6.1% in Apple, reflects a passive strategy that mirrors market-cap-weighted indices, resulting in outsized exposure to the largest U.S. equities. The positioning reveals a conviction in leveraging market structure rather than active stock selection, with significant underweights to sectors like Utilities (2.5%) and a measured allocation to Financial Services (10.8%) and Energy (4.3%) as natural byproducts of benchmark tracking.
| # | Security | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | Nvidia Corporation(NVDA) | 1,540,816,358 | $308.3B | 6.59% |
| 2 | Apple Inc(AAPL) | 959,107,911 | $277.5B | 5.93% |
| 3 | Microsoft Corp(MSFT) | 485,192,007 | $181.0B | 3.87% |
| 4 | Amazon COM Inc(AMZN) | 635,764,130 | $151.5B | 3.24% |
Latest filing, equity positions only
Quarter-over-quarter position changes
| 5 |
| Alphabet Inc(GOOGL) |
| 382,951,664 |
| $136.9B |
| 2.92% |
| 6 | Broadcom Inc(AVGO) | 309,168,582 | $116.8B | 2.50% |
| 7 | Alphabet Inc(GOOG) | 306,936,860 | $108.5B | 2.32% |
| 8 | Micron Technology Inc(MU) | 73,659,544 | $85.0B | 1.82% |
| 9 | Meta Platforms Inc(META) | 143,440,997 | $80.8B | 1.73% |
| 10 | Tesla Inc(TSLA) | 184,023,551 | $77.4B | 1.65% |
Quarter-over-quarter weight changes
| Sector | Prev % | Curr % | Change |
|---|---|---|---|
| Technology | 31.02% | 35.44% | +4.42% |
| Energy | 4.34% | 3.27% | -1.07% |
| Consumer Defensive | 4.94% | 4.27% | -0.67% |
| Financial Services | 12.5% | 11.87% | -0.63% |
| Consumer Cyclical | 9.65% | 9.11% | -0.54% |
| Communication Services | 9.64% | 9.13% | -0.51% |
| Healthcare | 9.66% | 9.16% | -0.5% |
| Unclassified | 2.71% | 3.14% | +0.43% |
| Utilities | 2.49% | 2.16% | -0.33% |
| Basic Materials | 2.06% | 1.73% | -0.33% |
| Industrials | 8.75% | 8.59% | -0.16% |
| Real Estate | 2.26% | 2.13% | -0.13% |
Quarter-over-quarter weight changes by market cap
| Cap Size | Prev % | Curr % | Change |
|---|---|---|---|
| Mega Cap | 54.11% | 55.4% | +1.29% |
| Large Cap | 38.26% | 36.51% | -1.75% |
| Mid Cap | 4.05% | 4% | -0.05% |
| Unclassified | 2.71% | 3.15% | +0.44% |
| Small Cap | 0.8% | 0.86% | +0.06% |
| Micro Cap | 0.08% | 0.09% | +0.01% |