VANGUARD CAPITAL MANAGEMENT LLC

MALVERN, PA · CIK 2100119 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2025 · limited liability company

Assets managed$8.4tn
Staff235 · 235 in investment roles
Main clients (by assets)Mutual funds and ETFs 100%
Form ADV · 2026-09-21SEC adviser record

Legal entityVanguard Capital Management, LLC (US)

$4.7tn reported value +15.8% vs Q1 2026

4,092positions

32.6%in top 10

163 new 2,544 added 1,178 reduced 133 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	NVIDIA CORPORATION COM NVDA	NVDA	1,540,816,358	$308.3bn6.59%	6.59%	Added +2.3m	+2,265,976 0.1%
2	APPLE INC COM AAPL	AAPL	959,107,911	$277.5bn5.93%	5.93%	Added +5.3m	+5,260,263 0.6%
3	MICROSOFT CORP COM MSFT	MSFT	485,192,007	$181.0bn3.87%	3.87%	Added +2.6m	+2,633,921 0.6%
4	AMAZON COM INC COM AMZN	AMZN	635,764,130	$151.5bn3.24%	3.24%	Added +4.6m	+4,587,925 0.7%
5	ALPHABET INC CAP STK CL A GOOGL	GOOGL	382,951,664	$136.9bn2.92%	2.92%	Added +4.7m	+4,690,085 1.2%
6	BROADCOM INC COM AVGO	AVGO	309,168,582	$116.8bn2.50%	2.50%	Added +1.2m	+1,152,717 0.4%
7	ALPHABET INC CAP STK CL C GOOG	GOOG	306,936,860	$108.5bn2.32%	2.32%	Added +4.7m	+4,674,684 1.6%
8	MICRON TECHNOLOGY INC COM MU	MU	73,659,544	$85.0bn1.82%	1.82%	Added +522.3k	+522,261 0.7%
9	META PLATFORMS INC CL A META	META	143,440,997	$80.8bn1.73%	1.73%	Added +1.3m	+1,302,840 0.9%
10	TESLA INC COM TSLA	TSLA	184,023,551	$77.4bn1.65%	1.65%	Added +1.2m	+1,172,768 0.6%
11	ELI LILLY & CO COM LLY	LLY	53,528,868	$64.2bn1.37%	1.37%	Added +167.1k	+167,094 0.3%
12	ADVANCED MICRO DEVICES INC COM AMD	AMD	106,500,177	$61.9bn1.32%	1.32%	Added +559.9k	+559,911 0.5%
13	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	118,360,180	$59.2bn1.27%	1.27%	Added +944.6k	+944,645 0.8%
14	JPMORGAN CHASE & CO COM JPM	JPM	161,586,023	$52.9bn1.13%	1.13%	Reduced -3.7m	-3,692,710 -2.2%
15	JOHNSON & JOHNSON COM JNJ	JNJ	157,226,374	$39.9bn0.85%	0.85%	Added +621.0k	+621,004 0.4%
16	INTEL CORP COM INTC	INTC	285,230,183	$39.8bn0.85%	0.85%	Added +3.2m	+3,218,898 1.1%
17	APPLIED MATLS INC COM AMAT	AMAT	51,848,358	$37.5bn0.80%	0.80%	Added +270.6k	+270,559 0.5%
18	EXXON MOBIL CORP COM XOM	XOM	270,731,921	$37.0bn0.79%	0.79%	Reduced -466.7k	-466,692 -0.2%
19	VISA INC COM CL A V	V	106,150,500	$36.4bn0.78%	0.78%	Reduced -854.7k	-854,668 -0.8%
20	LAM RESEARCH CORP COM NEW LRCX	LRCX	81,683,639	$35.4bn0.76%	0.76%	Added +527.9k	+527,895 0.7%
21	WALMART INC COM WMT	WMT	286,350,346	$32.4bn0.69%	0.69%	Added +1.5m	+1,497,571 0.5%
22	CATERPILLAR INC COM CAT	CAT	30,077,764	$32.0bn0.68%	0.68%	Reduced -156.7k	-156,689 -0.5%
23	ABBVIE INC COM ABBV	ABBV	115,396,098	$29.0bn0.62%	0.62%	Added +515.8k	+515,774 0.5%
24	CISCO SYS INC COM CSCO	CSCO	244,787,330	$28.8bn0.61%	0.61%	Added +1.0m	+1,007,125 0.4%
25	COSTCO WHSL CORP NEW COM COST	COST	28,976,605	$27.1bn0.58%	0.58%	Added +129.2k	+129,157 0.5%
26	MASTERCARD INCORPORATED CL A MA	MA	52,122,015	$26.8bn0.57%	0.57%	Reduced -215.4k	-215,439 -0.4%
27	KLA CORP COM NEW KLAC	KLAC	85,323,770	$25.7bn0.55%	0.55%	Added +130.0k	+130,030 0.1%
28	GE AEROSPACE COM NEW GE	GE	68,137,128	$25.5bn0.54%	0.54%	Added +1.7m	+1,705,060 2.6%
29	UNITEDHEALTH GROUP INC COM UNH	UNH	59,311,525	$24.7bn0.53%	0.53%	Added +440.7k	+440,748 0.8%
30	BANK AMERICA CORP COM BAC	BAC	421,828,996	$24.0bn0.51%	0.51%	Added +12.1m	+12,124,331 3.0%
31	HOME DEPOT INC COM HD	HD	65,076,088	$23.0bn0.49%	0.49%	Added +388.1k	+388,092 0.6%
32	PROCTER AND GAMBLE CO COM PG	PG	152,109,741	$22.3bn0.48%	0.48%	Added +1.1m	+1,059,839 0.7%
33	SANDISK CORP COM SNDK	SNDK	9,668,255	$22.0bn0.47%	0.47%	Added +142.1k	+142,136 1.5%
34	MERCK & CO INC COM MRK	MRK	161,323,174	$20.7bn0.44%	0.44%	Added +335.6k	+335,550 0.2%
35	GE VERNOVA INC COM GEV	GEV	17,552,000	$20.6bn0.44%	0.44%	Added +35.4k	+35,400 0.2%
36	CHEVRON CORP NEW COM CVX	CVX	122,899,830	$20.4bn0.44%	0.44%	Added +415.4k	+415,403 0.3%
37	NETFLIX INC COM NFLX	NFLX	275,026,936	$19.6bn0.42%	0.42%	Added +626.3k	+626,284 0.2%
38	COCA COLA CO COM KO	KO	238,798,011	$19.4bn0.41%	0.41%	Added +1.3m	+1,345,244 0.6%
39	GOLDMAN SACHS GROUP INC COM GS	GS	18,425,670	$18.6bn0.40%	0.40%	Added +39.0k	+39,036 0.2%
40	PHILIP MORRIS INTL INC COM PM	PM	101,785,557	$18.4bn0.39%	0.39%	Added +629.3k	+629,283 0.6%
41	PALO ALTO NETWORKS INC COM PANW	PANW	53,129,128	$18.1bn0.39%	0.39%	Added +363.5k	+363,472 0.7%
42	TEXAS INSTRS INC COM TXN	TXN	59,441,598	$17.7bn0.38%	0.38%	Added +462.9k	+462,894 0.8%
43	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	61,385,366	$17.3bn0.37%	0.37%	Added +539.8k	+539,761 0.9%
44	MARVELL TECHNOLOGY INC COM MRVL	MRVL	57,898,902	$17.2bn0.37%	0.37%	Added +18.8m	+18,793,677 48.1%
45	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	146,137,514	$17.0bn0.36%	0.36%	Added +1.3m	+1,299,985 0.9%
46	RTX CORPORATION COM RTX	RTX	87,947,095	$16.7bn0.36%	0.36%	Added +726.3k	+726,255 0.8%
47	WELLS FARGO CO NEW COM WFC	WFC	199,899,163	$16.5bn0.35%	0.35%	Reduced -863.2k	-863,239 -0.4%
48	ORACLE CORP COM ORCL	ORCL	111,788,001	$16.4bn0.35%	0.35%	Added +672.6k	+672,589 0.6%
49	MORGAN STANLEY COM NEW MS	MS	77,700,641	$16.2bn0.35%	0.35%	Reduced -14.5k	-14,491 -0.0%
50	LINDE PLC SHS LIN	LIN	30,208,556	$15.7bn0.33%	0.33%	Reduced -24.5k	-24,514 -0.1%
51	CITIGROUP INC COM NEW C	C	107,230,182	$15.0bn0.32%	0.32%	Reduced -2.4m	-2,428,174 -2.2%
52	WESTERN DIGITAL CORP COM WDC	WDC	22,510,811	$14.4bn0.31%	0.31%	Added +475.9k	+475,950 2.2%
53	AMPHENOL CORP CL A APH	APH	80,347,208	$14.2bn0.30%	0.30%	Added +471.8k	+471,752 0.6%
54	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	14,630,067	$14.1bn0.30%	0.30%	Added +474.4k	+474,394 3.4%
55	CORNING INC COM GLW	GLW	50,831,214	$13.0bn0.28%	0.28%	Added +375.2k	+375,200 0.7%
56	AMGEN INC COM AMGN	AMGN	35,250,101	$12.8bn0.27%	0.27%	Added +235.9k	+235,869 0.7%
57	QUALCOMM INC COM QCOM	QCOM	68,837,417	$12.7bn0.27%	0.27%	Reduced -503.9k	-503,895 -0.7%
58	ANALOG DEVICES INC COM ADI	ADI	31,850,408	$12.7bn0.27%	0.27%	Added +111.3k	+111,337 0.3%
59	MCDONALDS CORP COM MCD	MCD	46,396,692	$12.5bn0.27%	0.27%	Added +180.7k	+180,675 0.4%
60	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	16,205,746	$12.4bn0.26%	0.26%	Added +240.4k	+240,353 1.5%
61	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	24,276,316	$12.2bn0.26%	0.26%	Reduced -4.5k	-4,500 -0.0%
62	PEPSICO INC COM PEP	PEP	89,257,968	$12.1bn0.26%	0.26%	Added +450.2k	+450,194 0.5%
63	NEXTERA ENERGY INC COM NEE	NEE	136,210,944	$12.0bn0.26%	0.26%	Added +827.2k	+827,190 0.6%
64	AMERICAN EXPRESS CO COM AXP	AXP	35,215,521	$11.9bn0.25%	0.25%	Added +2.2m	+2,205,306 6.7%
65	ARISTA NETWORKS INC COM SHS ANET	ANET	68,688,349	$11.7bn0.25%	0.25%	Added +418.1k	+418,143 0.6%
66	BOEING CO COM BA	BA	51,463,432	$11.1bn0.24%	0.24%	Added +457.8k	+457,775 0.9%
67	VERIZON COMMUNICATIONS INC COM VZ	VZ	258,996,106	$11.0bn0.23%	0.23%	Reduced -1.2m	-1,188,429 -0.5%
68	TJX COS INC NEW COM TJX	TJX	72,219,699	$10.9bn0.23%	0.23%	Added +60.0k	+59,961 0.1%
69	DISNEY WALT CO COM DIS	DIS	113,429,755	$10.9bn0.23%	0.23%	Reduced -1.7m	-1,685,917 -1.5%
70	EATON CORP PLC SHS ETN	ETN	25,364,223	$10.8bn0.23%	0.23%	Added +118.1k	+118,107 0.5%
71	UNION PAC CORP COM UNP	UNP	38,772,919	$10.5bn0.23%	0.23%	Added +217.0k	+217,015 0.6%
72	DEERE & CO COM DE	DE	16,575,154	$10.5bn0.22%	0.22%	Added +50.1k	+50,079 0.3%
73	WELLTOWER INC COM WELL	WELL	46,118,974	$10.5bn0.22%	0.22%	Added +766.5k	+766,540 1.7%
74	ABBOTT LABS COM ABT	ABT	113,750,994	$10.3bn0.22%	0.22%	Added +801.1k	+801,061 0.7%
75	GILEAD SCIENCES INC COM GILD	GILD	81,091,734	$10.2bn0.22%	0.22%	Added +437.0k	+436,958 0.5%
76	SCHWAB CHARLES CORP COM SCHW	SCHW	107,329,957	$9.9bn0.21%	0.21%	Reduced -1.0m	-1,024,038 -0.9%
77	UBER TECHNOLOGIES INC COM UBER	UBER	132,890,128	$9.6bn0.20%	0.20%	Reduced -822.4k	-822,432 -0.6%
78	AT&T INC COM T	T	453,562,905	$9.4bn0.20%	0.20%	Reduced -1.2m	-1,202,623 -0.3%
79	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	23,131,099	$9.2bn0.20%	0.20%	Added +51.6k	+51,609 0.2%
80	APPLOVIN CORP COM CL A APP	APP	17,744,980	$9.1bn0.20%	0.20%	Added +994.1k	+994,096 5.9%
81	BOOKING HOLDINGS INC COM BKNG	BKNG	50,606,248	$9.0bn0.19%	0.19%	Reduced -1.3m	-1,304,652 -2.5%
82	PFIZER INC COM PFE	PFE	372,149,852	$9.0bn0.19%	0.19%	Added +2.7m	+2,719,840 0.7%
83	BLACKROCK INC COM BLK	BLK	9,280,533	$8.9bn0.19%	0.19%	Added +39.9k	+39,933 0.4%
84	ROYAL BK CDA COM RY	RY	42,678,029	$8.8bn0.19%	0.19%	Added +456.4k	+456,372 1.1%
85	CVS HEALTH CORP COM CVS	CVS	83,315,369	$8.6bn0.18%	0.18%	Added +665.3k	+665,293 0.8%
86	ASTRAZENECA PLC ORD AZN	AZN	45,386,190	$8.5bn0.18%	0.18%	Added +346.0k	+346,048 0.8%
87	VERTIV HOLDINGS CO COM CL A VRT	VRT	25,087,955	$8.4bn0.18%	0.18%	Added +229.6k	+229,636 0.9%
88	PROGRESSIVE CORP COM PGR	PGR	38,148,192	$8.3bn0.18%	0.18%	Added +49.8k	+49,833 0.1%
89	CONOCOPHILLIPS COM COP	COP	79,600,198	$8.3bn0.18%	0.18%	Added +60.3k	+60,342 0.1%
90	PROLOGIS INC. COM PLD	PLD	60,904,443	$8.3bn0.18%	0.18%	Added +596.0k	+596,026 1.0%
91	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	16,580,713	$8.2bn0.18%	0.18%	Added +67.9k	+67,903 0.4%
92	DELL TECHNOLOGIES INC CL C DELL	DELL	19,013,637	$8.2bn0.18%	0.18%	Reduced -423.1k	-423,074 -2.2%
93	SALESFORCE INC COM CRM	CRM	52,065,228	$8.2bn0.17%	0.17%	Reduced -7.3m	-7,268,548 -12.2%
94	CAPITAL ONE FINL CORP COM COF	COF	40,646,052	$8.2bn0.17%	0.17%	Added +136.5k	+136,467 0.3%
95	LOWES COS INC COM LOW	LOW	36,598,609	$8.1bn0.17%	0.17%	Added +143.1k	+143,146 0.4%
96	PARKER-HANNIFIN CORP COM PH	PH	8,234,180	$8.1bn0.17%	0.17%	Added +33.5k	+33,487 0.4%
97	CHUBB LIMITED COM CB	CB	23,177,820	$7.9bn0.17%	0.17%	Reduced -78.1k	-78,148 -0.3%
98	DANAHER CORPORATION COM DHR	DHR	41,377,076	$7.9bn0.17%	0.17%	Added +249.3k	+249,266 0.6%
99	S&P GLOBAL INC COM SPGI	SPGI	19,302,219	$7.9bn0.17%	0.17%	Reduced -81.6k	-81,591 -0.4%
100	ALTRIA GROUP INC COM MO	MO	109,032,952	$7.8bn0.17%	0.17%	Added +196.9k	+196,910 0.2%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		20,640,376	$9.3bn20.6m shares
CARNIVAL CORP		73,474,107	$1.9bn73.5m shares
COTERRA ENERGY INC CTRA	CTRA	48,131,598	$1.7bn48.1m shares
DUPONT DE NEMOURS INC DWDP	DWDP	8,864,631	$1.2bn8.9m shares
HOLOGIC INC HOLX	HOLX	14,503,914	$1.1bn14.5m shares
MASIMO CORP MASI	MASI	2,050,045	$364.6m2.1m shares
THOMSON REUTERS CORP		3,729,023	$336.6m3.7m shares
CLEARWATER ANALYTICS HLDGS I		13,097,435	$309.8m13.1m shares
KE HLDGS INC BEKE	BEKE	19,850,329	$297.2m19.9m shares
AIR LEASE CORP AL	AL	4,565,855	$296.5m4.6m shares
ARCELLX INC ACLX	ACLX	2,425,218	$278.5m2.4m shares
SEALED AIR CORP NEW		6,611,699	$278.0m6.6m shares
TERNS PHARMACEUTICALS INC		4,355,482	$229.6m4.4m shares
AMICUS THERAPEUTICS INC FOLD	FOLD	14,023,557	$202.8m14.0m shares
APELLIS PHARMACEUTICALS INC APLS	APLS	4,768,944	$191.9m4.8m shares
TRI POINTE HOMES INC TPH	TPH	3,616,082	$169.0m3.6m shares
CSG SYS INTL INC		1,214,334	$97.1m1.2m shares
ONESTREAM INC OS	OS	3,882,231	$93.2m3.9m shares
SELECT MED HLDGS CORP SEM	SEM	4,819,685	$78.5m4.8m shares
SEABRIDGE GOLD INC		2,584,390	$73.3m2.6m shares
SOLENO THERAPEUTICS INC SLNO	SLNO	2,153,218	$72.1m2.2m shares
DAY ONE BIOPHARMACEUTICALS I		3,357,684	$72.0m3.4m shares
CLEARWAY ENERGY INC		1,836,081	$71.9m1.8m shares
THERMON GROUP HLDGS INC		1,387,057	$69.9m1.4m shares
TASEKO MINES LTD		10,116,262	$65.5m10.1m shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on. The largest 25 of 1,355.

Company	Ticker	Stake	Change	Schedule	Last filed
BERKSHIRE HATHAWAY INC DEL BRK.B · 13G · filed 2026-04-29	BRK.B	9.7%≈ $67.2bn	new	13G	2026-04-29
SUNBELT RENTALS HOLDINGS INC SUNB · 13G · filed 2026-07-31	SUNB	9.4%≈ $2.9bn	+1.8 pts	13G	2026-07-31
RB GLOBAL INC RBA · 13G · filed 2026-04-30	RBA	9.3%≈ $2.0bn	new	13G	2026-04-30
OMNICOM GROUP INC OMC · 13G · filed 2026-04-30	OMC	8.2%≈ $1.7bn	new	13G	2026-04-30
RESMED INC RMD · 13G · filed 2026-04-29	RMD	8.2%≈ $2.3bn	new	13G	2026-04-29
NEWS CORP NEW NWSA · 13G · filed 2026-04-30	NWSA	8.1%≈ $743.1m	new	13G	2026-04-30
WASTE CONNECTIONS INC WCN · 13G · filed 2026-04-28	WCN	7.8%≈ $3.3bn	new	13G	2026-04-28
BLOCK INC XYZ · 13G · filed 2026-04-29	XYZ	7.7%≈ $3.2bn	new	13G	2026-04-29
NEWMONT CORP NEM · 13G · filed 2026-04-29	NEM	7.7%≈ $7.8bn	new	13G	2026-04-29
AVALONBAY CMNTYS INC AVB · 13G · filed 2026-04-29	AVB	7.6%≈ $2.0bn	new	13G	2026-04-29
MARVELL TECHNOLOGY INC MRVL · 13G · filed 2026-07-31	MRVL	7.6%≈ $19.9bn	+2.3 pts	13G	2026-07-31
ROPER TECHNOLOGIES INC ROP · 13G · filed 2026-04-30	ROP	7.6%≈ $2.7bn	new	13G	2026-04-30
REGIONS FINANCIAL CORP NEW RF · 13G · filed 2026-04-30	RF	7.6%≈ $2.0bn	new	13G	2026-04-30
THE TRADE DESK INC TTD · 13G · filed 2026-04-30	TTD	7.6%≈ $597.0m	new	13G	2026-04-30
ADOBE INC ADBE · 13G · filed 2026-04-29	ADBE	7.6%≈ $6.3bn	new	13G	2026-04-29
M & T BK CORP MTB · 13G · filed 2026-04-30	MTB	7.6%≈ $2.7bn	new	13G	2026-04-30
ULTA BEAUTY INC ULTA · 13G · filed 2026-04-30	ULTA	7.6%≈ $1.5bn	new	13G	2026-04-30
TRUIST FINL CORP TFC · 13G · filed 2026-04-30	TFC	7.6%≈ $4.7bn	new	13G	2026-04-30
SBA COMMUNICATIONS CORP NEW SBAC · 13G · filed 2026-04-30	SBAC	7.6%≈ $1.4bn	new	13G	2026-04-30
FORTIVE CORP FTV · 13G · filed 2026-04-29	FTV	7.6%≈ $1.4bn	new	13G	2026-04-29
WORKDAY INC WDAY · 13G · filed 2026-04-29	WDAY	7.6%≈ $2.0bn	new	13G	2026-04-29
VALERO ENERGY CORP VLO · 13G · filed 2026-04-30	VLO	7.6%≈ $5.9bn	new	13G	2026-04-30
EXTRA SPACE STORAGE INC EXR · 13G · filed 2026-04-29	EXR	7.6%≈ $2.3bn	new	13G	2026-04-29
PENTAIR PLC PNR · 13G · filed 2026-04-28	PNR	7.6%≈ $939.2m	new	13G	2026-04-28
TYLER TECHNOLOGIES INC TYL · 13G · filed 2026-04-30	TYL	7.6%≈ $941.0m	new	13G	2026-04-30