VP
Vanguard Portfolio Management LLC SEC 13F Filing (Q2 2026) — Holdings & Portfolio
Vanguard Portfolio Management LLCCIK: 0002100121
Diversified strategyMomentum follower
Total reported value
$2.2T
Reporting period: 2026-06-30 · Number of holdings: 3141
VANGUARD PORTFOLIO MANAGEMENT LLC disclosed 3141 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.2T and a quarterly turnover rate of 22.9%.
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Personality snowflake
- Concentration
- 3.17
- Portfolio Stability
- 22.87
- Momentum
- 75.29
- Sector conviction
- 50.6
- Diversification
- 100
- Sizing Uniformity
- 51.11
Vanguard Portfolio Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.008 — mathematically equivalent to about 126 equally-sized positions, well below its 3141 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 4.89), 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.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
+7.1% $20.7B
Add AMD
+0.9% $14.4B
Trim MSFT
+0.5% $819.3M
Add INTC
+4.6% $8.7B
Trim XOM
+0.9% -$3.7B
Add LRCX
-1.1% $8.0B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
The Q2 2026 snapshot shows a 3,141-name book with minimal single-name concentration (HHI ≈ 0.008) making modest but tightly clustered adjustments within semiconductors: share additions in Micron (weight 0.41% → 1.28%), AMD (0.41% → 0.99%), Intel (0.20% → 0.56%) and Alphabet (1.47% → 1.59%), against trims in Broadcom and Lam Research. Notably, both trimmed names still saw their weights rise (Broadcom to 2.16%, Lam to 0.72%), implying price gains outran the selling; conversely, NVIDIA and Apple were added yet their weights edged down (4.72% → 4.67% and 4.46% → 4.36%), suggesting both mega-caps lagged the broader book over the period. The net direction appears to be an intra-tech rotation — out of equipment and networking silicon, into memory and merchant processors — though the absolute scale remains small relative to total assets.
Macro & Fundamentals
Mapped against observable sector trends, these flows line up with the capital rotation running through the semiconductor complex — away from wafer-equipment and networking-oriented exposure and toward memory and compute processors, a pattern consistent with the market's broader appetite for cyclical silicon exposure. That said, this is an inference drawn from limited data: 13F filings capture quarter-end positioning only, and given the near-index structure of this portfolio (diversification score of 100, 3,141 holdings, quarterly turnover around 23%), a meaningful portion of these changes may simply reflect benchmark rebalancing mechanics rather than discretionary stock selection.
Blind Spots / Risks
The most concrete weakness in this dataset is attribution: no share-count deltas are disclosed, so the "add"/"trim" tags cannot be decomposed into net buying versus price drift — Micron's roughly threefold weight expansion in a single quarter could be substantially a mark-to-market effect rather than fresh capital deployed. Layered on top is a structural exposure issue: Information Technology now sits at 34% of the book, and name-level diversification offers little protection against a semiconductor-cycle turn, with a rapidly expanding position in a historically cyclical memory name amplifying potential drawdown beta.
AI-assisted summary drawn from this institution's SEC EDGAR filings, covering historical data only. Not a substitute for professional investment advice — cross-check against the primary source filing below. View the original 2026-06-30 Form 13F filing on SEC.gov
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 3141 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 4.67% | -0.05% | +1.51% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 4.36% | -0.10% | +0.81% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 2.83% | -0.46% | +0.55% | |
| 4 | AVGO | Broadcom Inc | Stock-Tech | 2.16% | +0.05% | -1.11% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.59% | +0.12% | +2.44% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.31% | -0.09% | -4.24% | |
| 7 | MU | Micron Technology Inc | Stock-Tech | 1.28% | +0.87% | +7.11% | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.25% | +0.08% | +2.36% | |
| 9 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.13% | +0.11% | -0.56% | |
| 10 | AMD | Advanced Micro Devices | Stock-Tech | 0.99% | +0.58% | +0.87% | |
| 11 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.97% | -0.18% | +1.40% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.97% | -0.05% | +0.36% | |
| 13 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.94% | -0.03% | +0.60% | |
| 14 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.74% | -0.08% | +1.35% | |
| 15 | XOM | Exxon Mobil CORP | Stock-Energy | 0.72% | -0.32% | +0.92% | |
| 16 | LRCX | Lam Research CORP | Stock-Tech | 0.72% | +0.30% | -1.15% | |
| 17 | CSCO | Cisco Systems Inc | Stock-Tech | 0.63% | +0.15% | +1.24% | |
| 18 | AMAT | Applied Materials Inc | Stock-Tech | 0.60% | +0.29% | +7.48% | |
| 19 | CAT | Caterpillar Inc | Stock-Industrials | 0.58% | +0.14% | +2.74% | |
| 20 | V | Visa Inc-class A Shares | Stock-Financials | 0.57% | -0.03% | -2.02% | |
| 21 | INTC | Intel CORP | Stock-Tech | 0.56% | +0.36% | +4.65% | |
| 22 | ABBV | Abbvie Inc | Stock-Healthcare | 0.55% | -0.02% | -2.11% | |
| 23 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.55% | -0.05% | +2.74% | |
| 24 | KLAC | Kla CORP | Stock-Tech | 0.54% | +0.23% | +877.61% | |
| 25 | WMT | Walmart Inc | Stock-Consumer Staples | 0.48% | -0.14% | +1.14% | |
| 26 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.46% | +0.12% | +1.86% | |
| 27 | WELL | Welltower Inc | Stock-Real Estate | 0.44% | — | +3.79% | |
| 28 | MA | Mastercard Inc - A | Stock-Financials | 0.44% | -0.07% | -1.39% | |
| 29 | BAC | Bank Of America CORP | Stock-Financials | 0.44% | +0.02% | +5.45% | |
| 30 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.44% | -0.13% | -2.83% | |
| 31 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.42% | -0.06% | +0.87% | |
| 32 | HD | Home Depot Inc | Stock-Consumer Disc | 0.41% | -0.03% | +1.88% | |
| 33 | TXN | Texas Instruments Inc | Stock-Tech | 0.40% | +0.11% | +3.21% | |
| 34 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.39% | -0.04% | +0.65% | |
| 35 | ORCL | Oracle CORP | Stock-Tech | 0.38% | -0.06% | +0.95% | |
| 36 | WDC | Western Digital CORP | Stock-Tech | 0.38% | +0.13% | -23.66% | |
| 37 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.36% | -0.04% | -0.34% | |
| 38 | SNDK | Sandisk CORP | Stock-Tech | 0.36% | +0.24% | -1.69% | |
| 39 | IBM | Intl Business Machines CORP | Stock-Tech | 0.36% | — | +2.49% | |
| 40 | STX | Seagate Technology Holdings plc | Stock-Tech | 0.35% | +0.12% | -27.90% | |
| 41 | PLD | Prologis Inc | Stock-Real Estate | 0.34% | -0.04% | +2.56% | |
| 42 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.33% | +0.01% | +0.10% | |
| 43 | CVX | Chevron CORP | Stock-Energy | 0.32% | -0.14% | +0.39% | |
| 44 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.30% | +0.13% | -1.29% | |
| 45 | LIN | Linde plc | Stock-Materials | 0.29% | -0.03% | +1.44% | |
| 46 | EQIX | Equinix Inc | Stock-Real Estate | 0.29% | -0.02% | +1.63% | |
| 47 | MS | Morgan Stanley | Stock-Financials | 0.28% | +0.02% | -0.12% | |
| 48 | APH | Amphenol Corp-cl A | Stock-Tech | 0.28% | +0.04% | -0.45% | |
| 49 | GE | General Electric | Stock-Industrials | 0.28% | +0.04% | +3.95% | |
| 50 | MRVL | Marvell Technology Inc | Stock-Tech | 0.28% | +0.11% | -36.73% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+2.5%
Based on 3 months of available history
- Stdev
- +6.1%
- Beta
- +0.82
- Alpha
- +4.9%
- Max Drawdown
- -0.7%
- Annualized Perf
- +10.4%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +7.65
- Stutzer
- —
- Treynor
- +0.12
- Sterling
- —
- Calmar
- +15.82
- Information Ratio
- +1.13
- Tracking Error
- +3.4%
- Stdev Down
- +1.3%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- —
- Worst 12 Months
- —
- Efficiency Ratio
- +0.65
- Sharpe
- +1.65
- Stdev Sectors
- +8.4%
- Skewness
- +0.44
- Kurtosis
- -1.5
- Upside Potential
- +9.65
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Vanguard Portfolio Management LLC's most significant position changes for 2026-06-30: New buy: Quanta Services Inc (PWR); New buy: Rtx CORP (RTX); New buy: Fortinet Inc (FTNT); Sold out: Honeywell International Inc (HON); New buy: Target CORP (TGT).
Showing top 200 changes by size (of 3290 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +0.9% | +7.11% | Add |
| 2 | AMD | Advanced Micro Devices | +0.6% | +0.87% | Add |
| 3 | INTC | Intel CORP | +0.4% | +4.65% | Add |
| 4 | LRCX | Lam Research CORP | +0.3% | -1.15% | Trim |
| 5 | AMAT | Applied Materials Inc | +0.3% | +7.48% | Add |
| 6 | SNDK | Sandisk CORP | +0.2% | -1.69% | Trim |
| 7 | KLAC | Kla CORP | +0.2% | +877.61% | Add |
| 8 | PWR | Quanta Services Inc | +0.2% | NEW | New buy |
| 9 | RTX | Rtx CORP | +0.2% | NEW | New buy |
| 10 | FTNT | Fortinet Inc | +0.2% | NEW | New buy |
| 11 | CSCO | Cisco Systems Inc | +0.2% | +1.24% | Add |
| 12 | CAT | Caterpillar Inc | +0.1% | +2.74% | Add |
| 13 | WDC | Western Digital CORP | +0.1% | -23.66% | Trim |
| 14 | PANW | Palo Alto Networks Inc | +0.1% | -1.29% | Trim |
| 15 | ALAB | Astera Labs Inc | +0.1% | +7.91% | Add |
| 16 | TGT | Target CORP | +0.1% | NEW | New buy |
| 17 | GOOGL | Alphabet Inc-cl A | +0.1% | +2.44% | Add |
| 18 | UNH | Unitedhealth Group Inc | +0.1% | +1.86% | Add |
| 19 | STX | Seagate Technology Holdings plc | +0.1% | -27.90% | Trim |
| 20 | TRV | Travelers Cos Inc/the | +0.1% | NEW | New buy |
| 21 | COR | Cencora Inc | +0.1% | NEW | New buy |
| 22 | LLY | Eli Lilly & Co | +0.1% | -0.56% | Trim |
| 23 | TXN | Texas Instruments Inc | +0.1% | +3.21% | Add |
| 24 | MRVL | Marvell Technology Inc | +0.1% | -36.73% | Trim |
| 25 | EW | Edwards Lifesciences CORP | +0.1% | NEW | New buy |
| 26 | DDOG | Datadog Inc - Class A | +0.1% | -0.10% | Trim |
| 27 | GOOG | Alphabet Inc-cl C | +0.1% | +2.36% | Add |
| 28 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -1.27% | Trim |
| 29 | BE | Bloom Energy Corp- A | +0.1% | -2.18% | Trim |
| 30 | DELL | Dell Technologies -c | +0.1% | -4.33% | Trim |
| 31 | ✓ | Carnival CORP LTD F | +0.1% | NEW | New buy |
| 32 | ✓ | +0.1% | NEW | New buy | |
| 33 | ✓ | +0.1% | NEW | New buy | |
| 34 | ✓ | +0.1% | NEW | New buy | |
| 35 | FLEX | Flex Ltd. | +0.1% | -1.74% | Trim |
| 36 | COHR | Coherent CORP | +0.1% | +5.88% | Add |
| 37 | HPE | Hewlett Packard Enterprise | +0.1% | -1.50% | Trim |
| 38 | CRDO | Credo Technology Group Holding Ltd | +0.1% | -8.62% | Trim |
| 39 | VRSN | Verisign Inc | +0.1% | NEW | New buy |
| 40 | AVGO | Broadcom Inc | +0.1% | -1.11% | Trim |
| 41 | SPG | Simon Property Group Inc | +0.1% | +20.70% | Add |
| 42 | QCOM | Qualcomm Inc | +0.1% | -1.01% | Trim |
| 43 | TER | Teradyne Inc | +0.1% | +0.36% | Add |
| 44 | SNOW | Snowflake Inc | +0.1% | +0.28% | Add |
| 45 | HUM | Humana Inc | +0.1% | +0.18% | Add |
| 46 | APH | Amphenol Corp-cl A | 0% | -0.45% | Trim |
| 47 | GE | General Electric | 0% | +3.95% | Add |
| 48 | NSC | Norfolk Southern CORP | 0% | +79.24% | Add |
| 49 | URI | United Rentals Inc | 0% | +0.61% | Add |
| 50 | ✓ | 0% | NEW | New buy |
1–50 of 200
Filing History
Related 13F Filing Analysis
- VANGUARD PORTFOLIO MANAGEMENT LLC2026-Q2
Vanguard adds MU and AMD, exits HON in Q2 2026
Aug 21, 2026⏱ 2 minMUNVDAAMDAAPLRead →
FAQ
What is Vanguard Portfolio Management LLC and what type of investor is it?
Vanguard Portfolio Management LLC 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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.2T, spread across 3141 disclosed positions.
What are Vanguard Portfolio Management LLC's largest equity positions?
Based on the latest 13F filing, Vanguard Portfolio Management LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $103.6B (4.7%)
2. Apple Inc (AAPL) — $96.7B (4.4%)
3. Microsoft CORP (MSFT) — $62.8B (2.8%)
4. Broadcom Inc (AVGO) — $48.0B (2.2%)
5. Alphabet Inc-cl A (GOOGL) — $35.3B (1.6%)
What changes did Vanguard Portfolio Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Vanguard Portfolio Management LLC made 200 notable position adjustments: 23 new positions were initiated, 110 existing holdings were added to, 60 positions were partially reduced, and 7 were completely exited. The largest of these moves: New buy: Quanta Services Inc (PWR); New buy: Rtx CORP (RTX); New buy: Fortinet Inc (FTNT); Sold out: Honeywell International Inc (HON); New buy: Target CORP (TGT)
What sectors does Vanguard Portfolio Management LLC focus on?
Vanguard Portfolio Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 34.0%
• Industrials: 11.2%
• Financials: 11.1%
• Health Care: 9.6%
• Consumer Discretionary: 8.1%
• Communication Services: 6.0%
Investment Profile
Vanguard Portfolio Management LLC returned an annualized 10.4% over the trailing 3 months — outperforming the S&P 500 by 4.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.82 (less volatile than the market) and a 67% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 34.0% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 23 over the past 1 quarters — a shift toward more active trading.
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