VG
Vanguard Group Inc SEC 13F Filing (Q4 2025) — Holdings & Portfolio
Vanguard Group IncCIK: 0000102909
Diversified strategyMomentum followerLong-term holder
Total reported value
$6.9T
Reporting period: 2025-12-31 · Number of holdings: 17686
VANGUARD GROUP INC disclosed 17686 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $6.9T and a quarterly turnover rate of 10.4%.
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Personality snowflake
- Concentration
- 5.68
- Portfolio Stability
- 10.41
- Momentum
- 81.17
- Sector conviction
- 68.92
- Diversification
- 100
- Sizing Uniformity
- 22.24
Vanguard Group Inc's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 70 equally-sized positions, well below its 17686 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 7.78), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 64% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd GOOGL
+2.4% $40.0B
Add GOOG
+2.0% $31.6B
Trim MSFT
+2.3% -$16.4B
Add LLY
+1.2% $26.3B
Add AAPL
+1.9% $31.4B
Trim ORCL
+3.5% -$13.4B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
VANGUARD GROUP INC is hunting beta with a clear momentum bias, systematically adding to mega-cap tech titans while letting the rest of its 4,329-stock portfolio drift. This is not a tactical rotation but a passive reinforcement of the market's most crowded trades.
Macro & Fundamentals
The macro cycle bet is an unhedged long on AI-led tech supremacy and low interest rates: 41.5% in Information Technology and a momentum tilt of 0.031 point to a regime of continued multiple expansion for winners. The opposing thesis is that this portfolio has no built-in hedge against a mean-reversion shock, regulatory break-up threat, or a sudden rise in real rates that would punish the longest-duration equities hardest.
Blind Spots / Risks
Factor crowding disguised as diversification is the blind spot here: the 81% momentum score and 41.5% tech weight signal that this portfolio is long the most consensus trade in the market. With turnover below 11%, Vanguard will ride that consensus all the way down before it rebalances.
The summary above is AI-generated directly from this institution's Form 13F filings on the SEC's EDGAR system and reflects historical holdings only. It is not investment advice — verify the details against the original filing linked below. View the original 2025-12-31 Form 13F filing on SEC.gov
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 17686 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.13% | -0.08% | +1.94% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 5.62% | +0.29% | +1.92% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 5.03% | -0.41% | +2.27% | |
| 4 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.83% | +0.04% | -0.58% | |
| 5 | AVGO | Broadcom Inc | Stock-Tech | 2.42% | +0.06% | +0.82% | |
| 6 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.40% | +0.52% | +2.43% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.92% | +0.41% | +1.97% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.91% | -0.21% | +3.77% | |
| 9 | TSLA | Tesla Inc | Stock-Consumer Disc | 1.69% | +0.01% | +2.59% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.28% | +0.36% | +1.24% | |
| 11 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.24% | — | -0.05% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.14% | — | +1.80% | |
| 13 | V | Visa Inc-class A Shares | Stock-Financials | 0.82% | — | +0.66% | |
| 14 | XOM | Exxon Mobil CORP | Stock-Energy | 0.75% | +0.03% | +0.07% | |
| 15 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.72% | +0.06% | +1.58% | |
| 16 | WMT | Walmart Inc | Stock-Consumer Staples | 0.71% | +0.04% | +0.99% | |
| 17 | MA | Mastercard Inc - A | Stock-Financials | 0.66% | — | +0.59% | |
| 18 | ABBV | Abbvie Inc | Stock-Healthcare | 0.60% | — | +1.71% | |
| 19 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.56% | — | +0.73% | |
| 20 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.55% | -0.05% | +0.38% | |
| 21 | NFLX | Netflix Inc | Stock-Comm Services | 0.53% | -0.16% | +912.47% | |
| 22 | BAC | Bank Of America CORP | Stock-Financials | 0.52% | +0.04% | +3.72% | |
| 23 | HD | Home Depot Inc | Stock-Consumer Disc | 0.50% | -0.10% | +1.35% | |
| 24 | ORCL | Oracle CORP | Stock-Tech | 0.49% | -0.22% | +3.46% | |
| 25 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.49% | — | +1.21% | |
| 26 | AMD | Advanced Micro Devices | Stock-Tech | 0.49% | +0.11% | +1.62% | |
| 27 | CSCO | Cisco Systems Inc | Stock-Tech | 0.45% | +0.05% | +1.03% | |
| 28 | MU | Micron Technology Inc | Stock-Tech | 0.44% | +0.18% | +1.87% | |
| 29 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.44% | — | +1.10% | |
| 30 | IBM | Intl Business Machines CORP | Stock-Tech | 0.42% | — | +1.50% | |
| 31 | GE | General Electric | Stock-Industrials | 0.41% | — | +0.76% | |
| 32 | CVX | Chevron CORP | Stock-Energy | 0.40% | — | -0.45% | |
| 33 | WFC | Wells Fargo & Co | Stock-Financials | 0.40% | +0.03% | -0.71% | |
| 34 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.39% | +0.07% | +0.87% | |
| 35 | CAT | Caterpillar Inc | Stock-Industrials | 0.39% | +0.06% | +0.96% | |
| 36 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.38% | — | +1.60% | |
| 37 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.37% | +0.03% | +1.46% | |
| 38 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.36% | — | +3.01% | |
| 39 | CRM | Salesforce Inc | Stock-Tech | 0.35% | +0.02% | +0.30% | |
| 40 | PM | Philip Morris International | Stock-Consumer Staples | 0.34% | — | +1.25% | |
| 41 | RTX | Rtx CORP | Stock-Industrials | 0.33% | +0.02% | +1.80% | |
| 42 | LRCX | Lam Research CORP | Stock-Tech | 0.33% | +0.07% | +0.16% | |
| 43 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.32% | — | +0.98% | |
| 44 | ABT | Abbott Laboratories | Stock-Healthcare | 0.32% | — | +1.39% | |
| 45 | MS | Morgan Stanley | Stock-Financials | 0.31% | +0.03% | +1.15% | |
| 46 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.30% | — | +3.80% | |
| 47 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.29% | — | +1.18% | |
| 48 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 0.29% | +0.04% | +0.85% | |
| 49 | AMAT | Applied Materials Inc | Stock-Tech | 0.29% | +0.06% | +0.43% | |
| 50 | QCOM | Qualcomm Inc | Stock-Tech | 0.28% | — | +0.57% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.4%
Performance Last 4 Quarters
+21.2%
- Stdev
- +13.1%
- Beta
- +1
- Alpha
- -1.5%
- Max Drawdown
- -8.7%
- Annualized Perf
- +19.1%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +2.86
- Stutzer
- +0.41
- Treynor
- +0.18
- Sterling
- +1.19
- Calmar
- +2.19
- Information Ratio
- -0.73
- Tracking Error
- +2.1%
- Stdev Down
- +6.5%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +32.4%
- Worst 12 Months
- +5.1%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.41
- Stdev Sectors
- +11.2%
- Skewness
- +0.04
- Kurtosis
- -0.21
- Upside Potential
- +4.44
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2025 Q4 | 17686 | $6.9T | 10 | ||
| 2025 Q3 | 17690 | $6.7T | 24 | ||
| 2025 Q2 | 16643 | $6.2T | 0 | ||
| 2025 Q1 | 16744 | $5.5T | 100 | ||
| 2024 Q4 | 14455 | $5.7T | 0 | ||
| 2024 Q3 | 14733 | $5.6T | 0 | ||
| 2024 Q2 | 16248 | $5.2T | 0 | ||
| 2024 Q1 | 16079 | $5.0T | 0 | ||
| 2023 Q4 | 16221 | $4.6T | 0 | ||
| 2023 Q3 | 16217 | $4.1T | 0 | ||
| 2023 Q2 | 16497 | $4.2T | 0 | ||
| 2023 Q1 | 16427 | $3.9T | 0 | ||
| 2022 Q4 | 16101 | $3.7T | 0 | ||
| 2022 Q3 | 16265 | $3.4T | 0 | ||
| 2022 Q2 | 16470 | $3.6T | 0 | ||
| 2022 Q1 | 16499 | $4.2T | 0 | ||
| 2021 Q4 | 17763 | $4.4T | 0 | ||
| 2021 Q3 | 18379 | $4.0T | 0 | ||
| 2021 Q2 | 17955 | $4.0T | 96 | ||
| 2021 Q1 | 19628 | $3.7T | 13 | ||
| 2020 Q4 | 18335 | $3.4T | 16 | ||
| 2020 Q3 | 18602 | $3.0T | 13 | ||
| 2020 Q2 | 18438 | $2.8T | 22 | ||
| 2020 Q1 | 18641 | $2.3T | 25 | ||
| 2019 Q4 | 13813 | $2.9T | 12 | ||
| 2019 Q3 | 13883 | $2.7T | 10 | ||
| 2019 Q2 | 13968 | $2.7T | 10 | ||
| 2019 Q1 | 13483 | $2.5T | 16 | ||
| 2018 Q4 | 13543 | $2.2T | 18 | ||
| 2018 Q3 | 13541 | $2.6T | 12 | ||
| 2018 Q2 | 13517 | $2.4T | 12 | ||
| 2018 Q1 | 13484 | $2.3T | 10 | ||
| 2017 Q4 | 13528 | $2.3T | 11 | ||
| 2017 Q3 | 13630 | $2.1T | 11 | ||
| 2017 Q2 | 13689 | $2.0T | 9 | ||
| 2017 Q1 | 13631 | $1.9T | 13 | ||
| 2016 Q4 | 13673 | $1.8T | 11 | ||
| 2016 Q3 | 13674 | $1.7T | 11 | ||
| 2016 Q2 | 13812 | $1.6T | 12 | ||
| 2016 Q1 | 13752 | $1.5T | 13 | ||
| 2015 Q4 | 13472 | $1.5T | 86 | ||
| 2015 Q3 | 13382 | $1.3T | 83 | ||
| 2015 Q2 | 13275 | $1.5T | 10 | ||
| 2015 Q1 | 11168 | $1.5T | 13 | ||
| 2014 Q4 | 10711 | $1.4T | 14 | ||
| 2014 Q3 | 10615 | $1.3T | 9 | ||
| 2014 Q2 | 10548 | $1.3T | 11 | ||
| 2014 Q1 | 10484 | $1.2T | 10 | ||
| 2013 Q4 | 10465 | $1.1T | 14 | ||
| 2013 Q3 | 10355 | $1.0T | 11 | ||
| 2013 Q2 | 10285 | $952.2B | 0 |
Holding changes this quarter
Vanguard Group Inc's most significant position changes for 2025-12-31: New buy: TotalEnergies SE (TTE); Sold out: Kellanova (KEL); New buy: Qnity Electronics Inc (Q); Add: Alphabet Inc-cl A (GOOGL) — shares +2.43%; Add: Alphabet Inc-cl C (GOOG) — shares +1.97%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GOOGL | Alphabet Inc-cl A | +0.5% | +2.43% | Add |
| 2 | GOOG | Alphabet Inc-cl C | +0.4% | +1.97% | Add |
| 3 | LLY | Eli Lilly & Co | +0.4% | +1.24% | Add |
| 4 | AAPL | Apple Inc | +0.3% | +1.92% | Add |
| 5 | MU | Micron Technology Inc | +0.2% | +1.87% | Add |
| 6 | AMD | Advanced Micro Devices | +0.1% | +1.62% | Add |
| 7 | MRK | Merck & Co. Inc. | +0.1% | +0.87% | Add |
| 8 | LRCX | Lam Research CORP | +0.1% | +0.16% | Add |
| 9 | AVGO | Broadcom Inc | +0.1% | +0.82% | Add |
| 10 | JNJ | Johnson & Johnson | +0.1% | +1.58% | Add |
| 11 | CAT | Caterpillar Inc | +0.1% | +0.96% | Add |
| 12 | AMAT | Applied Materials Inc | +0.1% | +0.43% | Add |
| 13 | ISRG | Intuitive Surgical Inc | +0.1% | +0.04% | Add |
| 14 | CSCO | Cisco Systems Inc | +0.1% | +1.03% | Add |
| 15 | AMZN | Amazon.com Inc | 0% | -0.58% | Trim |
| 16 | WMT | Walmart Inc | 0% | +0.99% | Add |
| 17 | BAC | Bank Of America CORP | 0% | +3.72% | Add |
| 18 | TMO | Thermo Fisher Scientific Inc | 0% | +0.85% | Add |
| 19 | C | Citigroup Inc | 0% | +3.12% | Add |
| 20 | WBD | Warner Bros Discovery Inc | 0% | +0.70% | Add |
| 21 | XOM | Exxon Mobil CORP | 0% | +0.07% | Add |
| 22 | AMGN | Amgen Inc | 0% | +1.79% | Add |
| 23 | GS | Goldman Sachs Group Inc | 0% | +1.46% | Add |
| 24 | WFC | Wells Fargo & Co | 0% | -0.71% | Trim |
| 25 | MS | Morgan Stanley | 0% | +1.15% | Add |
| 26 | GM | General Motors Co | 0% | -1.32% | Trim |
| 27 | WDC | Western Digital CORP | 0% | -2.16% | Trim |
| 28 | CRM | Salesforce Inc | 0% | +0.30% | Add |
| 29 | RTX | Rtx CORP | 0% | +1.80% | Add |
| 30 | CRH | CRH plc | 0% | +22.67% | Add |
| 31 | NEM | Newmont CORP | 0% | +0.48% | Add |
| 32 | TSLA | Tesla Inc | 0% | +2.59% | Add |
| 33 | COIN | Coinbase Global Inc -class A | 0% | +0.70% | Add |
| 34 | FISV | Fiserv Inc | 0% | +7.62% | Add |
| 35 | HOOD | Robinhood Markets Inc - A | 0% | +1.41% | Add |
| 36 | T | At&t Inc | 0% | +0.54% | Add |
| 37 | NOW | Servicenow Inc | -0.1% | +404.50% | Add |
| 38 | UBER | Uber Technologies Inc | -0.1% | +0.88% | Add |
| 39 | MSTR | Strategy Inc | -0.1% | +21.01% | Add |
| 40 | COST | Costco Wholesale CORP | -0.1% | +0.38% | Add |
| 41 | RBLX | Roblox CORP -class A | -0.1% | +1.63% | Add |
| 42 | NVDA | Nvidia CORP | -0.1% | +1.94% | Add |
| 43 | HD | Home Depot Inc | -0.1% | +1.35% | Add |
| 44 | NFLX | Netflix Inc | -0.2% | +912.47% | Add |
| 45 | META | Meta Platforms Inc-class A | -0.2% | +3.77% | Add |
| 46 | ORCL | Oracle CORP | -0.2% | +3.46% | Add |
| 47 | MSFT | Microsoft CORP | -0.4% | +2.27% | Add |
| 48 | TTE | TotalEnergies SE | — | NEW | New buy |
| 49 | KEL | Kellanova | — | EXIT | Sold out |
| 50 | Q | Qnity Electronics Inc | — | NEW | New buy |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Filing History
FAQ
What is Vanguard Group Inc and what type of investor is it?
Vanguard Group Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $6.9T, spread across 17686 disclosed positions.
What are Vanguard Group Inc's largest equity positions?
Based on the latest 13F filing, Vanguard Group Inc's top holdings by market value are:
1. Nvidia CORP (NVDA) — $422.7B (6.1%)
2. Apple Inc (AAPL) — $387.7B (5.6%)
3. Microsoft CORP (MSFT) — $347.2B (5.0%)
4. Amazon.com Inc (AMZN) — $195.1B (2.8%)
5. Broadcom Inc (AVGO) — $167.1B (2.4%)
What changes did Vanguard Group Inc make in its most recent portfolio filing?
In the latest reported quarter, Vanguard Group Inc made 50 notable position adjustments: 2 new positions were initiated, 43 existing holdings were added to, 4 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: TotalEnergies SE (TTE); Sold out: Kellanova (KEL); New buy: Qnity Electronics Inc (Q); Add: Alphabet Inc-cl A (GOOGL) — shares +2.43%; Add: Alphabet Inc-cl C (GOOG) — shares +1.97%
What sectors does Vanguard Group Inc focus on?
Vanguard Group Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 41.5%
• Communication Services: 12.6%
• Financials: 12.1%
• Consumer Discretionary: 11.0%
• Health Care: 10.2%
• Consumer Staples: 4.5%
Investment Profile
Vanguard Group Inc returned an annualized 19.1% over the trailing 36 months — underperforming the S&P 500 by 1.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.00 (roughly in line with the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 41.5% of the portfolio concentrated in Information Technology.
It has added to its AAPL position over the past two quarters (+$97.2B, now $387.7B), while trimming NFLX over the same stretch (-$14.8B, still holding $36.6B).
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