VANGUARD PORTFOLIO MANAGEMENT LLC

CIK

2100121

Location

MALVERN, PA

Portfolio Value

Large $27,297,880,349

Diversification

Diversified

Filing Date

Mar 31, 2026

Global Rank

#229 / 8,605 · as of Mar 2026

Top Industry

Aerospace & Defense 18.0%

Period ended 3 months ago

Filed May 15, 2026 · 55d

Clone Performance

May 2026–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+8.9%

SPY

+1.0%

Annualised alpha

—

Max drawdown

−1.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

54 positions · as of Mar 31, 2026

Top Position

18.0%

of portfolio value

Top 5

60.3%

of portfolio value

Top 10

83.5%

of portfolio value

HHI

940

Diversified

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	34.8%	$9,490,760,866	7
Healthcare	20.6%	$5,636,218,432	13
Technology	15.5%	$4,224,671,719	4
Financial Services	14.6%	$3,997,279,161	14
Consumer Defensive	9.7%	$2,655,254,206	2
Real Estate	3.6%	$973,288,039	4
Consumer Cyclical	1.0%	$274,300,021	5
Communication Services	0.1%	$22,968,809	2
Basic Materials	0.1%	$20,004,935	2
Energy	0.0%	$3,134,161	1

Portfolio Positions

Compact Export CSV View 13F filing

54 positions · $27,297,880,349 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 54 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
RTX	RTX Corp Industrials	First	25,465,850	—	$4,912,362,465	—	18.00%
PWR	Quanta Services, Inc. Industrials	First	6,871,038	—	$3,772,337,282	—	13.82%
COR	Cencora, Inc. Healthcare	First	9,590,414	—	$3,012,732,653	—	11.04%
TGT	Target Corp Consumer Defensive	First	21,864,752	—	$2,650,007,942	—	9.71%
EW	Edwards Lifesciences Corp Healthcare	First	26,407,018	—	$2,114,674,001	—	7.75%
FTNT	Fortinet, Inc. Technology	First	25,037,687	—	$2,046,079,781	—	7.50%
TRV	Travelers Companies, Inc. Financial Services	First	5,390,073	—	$1,572,176,492	—	5.76%
VRSN	Verisign Inc/Ca Technology	First	5,247,489	—	$1,303,266,368	—	4.77%
NXT	Nextpower Inc. Technology	First	6,704,709	—	$808,252,669	—	2.96%
EPRT	Essential Properties Realty Trust, Inc. Real Estate	First	19,839,832	—	$602,337,299	—	2.21%
GL	Globe Life Inc. Financial Services	First	4,254,103	—	$592,043,514	—	2.17%
SSB	SouthState Bank Corp Financial Services	First	6,207,998	—	$574,363,974	—	2.10%
EQH	Equitable Holdings, Inc. Financial Services	First	14,625,529	—	$542,753,381	—	1.99%
SPXC	SPX Technologies, Inc. Industrials	First	2,489,488	—	$497,748,230	—	1.82%
PTGX	Protagonist Therapeutics, Inc Healthcare	First	3,481,211	—	$366,919,639	—	1.34%
BNL	Broadstone Net Lease, Inc. Real Estate	First	18,124,711	—	$331,138,469	—	1.21%
AGX	Argan Inc Industrials	First	517,624	—	$281,923,911	—	1.03%
CNO	CNO Financial Group, Inc. Financial Services	First	6,734,778	—	$276,529,984	—	1.01%
RNST	Renasant Corp Financial Services	First	5,810,601	—	$209,937,014	—	0.77%
AEO	American Eagle Outfitters Inc Consumer Cyclical	First	10,341,596	—	$172,704,653	—	0.63%
PGNY	Progyny, Inc. Healthcare	First	5,292,028	—	$89,858,635	—	0.33%
SBH	Sally Beauty Holdings, Inc. Consumer Cyclical	First	6,298,145	—	$87,229,308	—	0.32%
ACT	Enact Holdings, Inc. Financial Services	First	1,740,973	—	$71,049,108	—	0.26%
VYX	NCR Voyix Corp Technology	First	10,596,035	—	$67,072,901	—	0.25%
TFIN	Triumph Financial, Inc. Financial Services	First	873,584	—	$52,118,021	—	0.19%
HCI	HCI Group, Inc. Financial Services	First	334,202	—	$51,670,971	—	0.19%
UHT	Universal Health Realty Income Trust Real Estate	First	957,786	—	$38,761,599	—	0.14%
GCMG	GCM Grosvenor Inc. Financial Services	First	2,626,751	—	$25,742,159	—	0.09%
NIC	Nicolet Bankshares Inc Financial Services	First	146,686	—	$21,800,473	—	0.08%
AMRC	Ameresco, Inc. Industrials	First	845,869	—	$21,569,659	—	0.08%
IMAX	Imax Corp Communication Services	First	483,221	—	$18,367,230	—	0.07%
NG	Novagold Resources Inc Basic Materials	First	1,843,460	—	$16,554,270	—	0.06%
XERS	Xeris Biopharma Holdings, Inc. Healthcare	First	2,665,608	—	$15,460,526	—	0.06%
ELVN	Enliven Therapeutics, Inc. Healthcare	First	330,964	—	$12,973,788	—	0.05%
PNTG	Pennant Group, Inc. Healthcare	First	333,375	—	$10,161,270	—	0.04%
TDUP	ThredUp Inc. Consumer Cyclical	First	2,450,696	—	$8,038,282	—	0.03%
BARK	Bark, Inc. Consumer Cyclical	First	559,667	—	$5,675,023	—	0.02%
HBCP	Home Bancorp, Inc. Financial Services	First	89,609	—	$5,428,513	—	0.02%
BYND	Beyond Meat, Inc. Consumer Defensive	First	7,473,311	—	$5,246,264	—	0.02%
FDMT	4D Molecular Therapeutics, Inc. Healthcare	First	555,829	—	$5,174,767	—	0.02%
CARS	Cars.com Inc. Communication Services	First	566,697	—	$4,601,579	—	0.02%
GIC	GLOBAL INDUSTRIAL Co Industrials	First	133,910	—	$4,220,843	—	0.02%
DC	Dakota Gold Corp. Basic Materials	First	683,300	—	$3,450,665	—	0.01%
PNRG	Primeenergy Resources Corp Energy	First	13,460	—	$3,134,161	—	0.01%
AQST	Aquestive Therapeutics, Inc. Healthcare	First	691,750	—	$2,870,762	—	0.01%
SLDB	Solid Biosciences Inc. Healthcare	First	338,630	—	$2,438,136	—	0.01%
ABSI	Absci Corp Healthcare	First	801,063	—	$2,403,189	—	0.01%
SEVN	Seven Hills Realty Trust Real Estate	First	127,819	—	$1,050,672	—	0.00%
ALTI	AlTi Global, Inc. Financial Services	First	249,485	—	$903,135	—	0.00%
BVFL	BV Financial, Inc. Financial Services	First	39,834	—	$762,422	—	0.00%