Vanguard Portfolio Management LLC
Reported US equity positions for Q1 2026 — $1.89T across 3,040 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| NVDA NVIDIA Corporation | $89.0B | 4.7% | 510,126,721 |
| AAPL Apple Inc. | $84.1B | 4.5% | 331,437,055 |
| MSFT Microsoft Corporation | $62.0B | 3.3% | 167,490,848 |
| AVGO Broadcom Inc. | $39.7B | 2.1% | 128,422,947 |
| GOOGL Alphabet Inc. | $27.8B | 1.5% | 96,536,714 |
| AMZN Amazon.com, Inc. | $26.5B | 1.4% | 127,012,849 |
| GOOG Alphabet Inc. - Class C Capital Stock | $22.0B | 1.2% | 76,849,375 |
| META Meta Platforms, Inc. | $21.7B | 1.1% | 37,856,635 |
| XOM ExxonMobil Holdings Corporation | $19.6B | 1.0% | 115,629,047 |
| LLY Eli Lilly and Company | $19.3B | 1.0% | 20,977,027 |
| JPM JP Morgan Chase & Co. | $19.3B | 1.0% | 65,580,826 |
| TSLA Tesla, Inc. | $18.3B | 1.0% | 49,252,925 |
| JNJ Johnson & Johnson | $15.5B | 0.8% | 63,514,436 |
| WMT Walmart Inc. | $11.6B | 0.6% | 93,696,778 |
| BRK.B Berkshire Hathaway Inc. | $11.4B | 0.6% | 23,728,514 |
| V Visa Inc. | $11.4B | 0.6% | 37,604,815 |
| ABBV AbbVie Inc. | $10.8B | 0.6% | 49,523,078 |
| COST Costco Wholesale Corporation | $10.7B | 0.6% | 10,705,635 |
| MA Mastercard Incorporated | $9.7B | 0.5% | 19,434,544 |
| CSCO Cisco Systems, Inc. | $9.1B | 0.5% | 117,849,671 |
| PG The Procter & Gamble Company | $9.1B | 0.5% | 62,847,265 |
| CVX Chevron Corporation | $8.8B | 0.5% | 42,313,738 |
| ORCL Oracle Corporation | $8.3B | 0.4% | 56,745,677 |
| HD The Home Depot, Inc. | $8.3B | 0.4% | 25,277,177 |
| CAT Caterpillar, Inc. | $8.3B | 0.4% | 11,705,890 |
| WELL Welltower Inc. | $8.3B | 0.4% | 41,863,049 |
| MRK Merck & Company, Inc. Common Stock (new) | $8.1B | 0.4% | 67,304,305 |
| BAC Bank of America Corporation | $8.0B | 0.4% | 163,431,813 |
| LRCX Lam Research Corporation | $7.9B | 0.4% | 37,060,963 |
| MU Micron Technology, Inc. | $7.8B | 0.4% | 23,024,614 |
| AMD Advanced Micro Devices, Inc. | $7.6B | 0.4% | 37,603,675 |
| KO The Coca-Cola Company | $7.6B | 0.4% | 99,948,626 |
| PLTR Palantir Technologies Inc. | $7.3B | 0.4% | 50,022,230 |
| NFLX Netflix, Inc. | $7.2B | 0.4% | 75,398,731 |
| PLD Prologis, Inc. | $7.1B | 0.4% | 53,878,755 |
| IBM International Business Machines Corporation | $6.7B | 0.4% | 27,660,866 |
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $6.5B | 0.3% | 24,036,504 |
| GS The Goldman Sachs Group, Inc. | $6.1B | 0.3% | 7,208,245 |
| G54950103 Linde PLC | $6.1B | 0.3% | 12,289,282 |
| MCD McDonald's Corporation | $5.9B | 0.3% | 19,104,792 |
| KLAC KLA Corporation | $5.9B | 0.3% | 4,029,061 |
| AMAT Applied Materials, Inc. | $5.9B | 0.3% | 17,261,696 |
| EQIX Equinix, Inc. | $5.9B | 0.3% | 6,004,091 |
| PEP PepsiCo, Inc. | $5.7B | 0.3% | 36,455,039 |
| NEE NextEra Energy, Inc. | $5.6B | 0.3% | 60,413,784 |
| TXN Texas Instruments Incorporated | $5.6B | 0.3% | 28,611,951 |
| DLR Digital Realty Trust, Inc. | $5.3B | 0.3% | 29,472,165 |
| AMGN Amgen Inc. | $5.1B | 0.3% | 14,621,148 |
| MS Morgan Stanley | $5.0B | 0.3% | 30,240,801 |
| O Realty Income Corporation | $5.0B | 0.3% | 81,234,234 |
| ABT Abbott Laboratories | $4.9B | 0.3% | 47,944,891 |
| WFC Wells Fargo & Company | $4.9B | 0.3% | 61,671,445 |
| GILD Gilead Sciences, Inc. | $4.9B | 0.3% | 35,129,465 |
| PM Philip Morris International Inc | $4.9B | 0.3% | 29,577,453 |
| AMT American Tower Corporation (REIT) | $4.8B | 0.3% | 27,596,159 |
| WDC Western Digital Corporation | $4.6B | 0.2% | 17,172,653 |
| GE GE Aerospace | $4.6B | 0.2% | 16,150,730 |
| ADI Analog Devices, Inc. | $4.6B | 0.2% | 14,342,250 |
| APH Amphenol Corporation | $4.5B | 0.2% | 35,850,171 |
| VRT Vertiv Holdings, LLC Class A | $4.5B | 0.2% | 17,926,522 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.