Index giant

Vanguard Personalized Indexing Management, LLC

13F for the quarter to June 30, 2026, filed August 11, 2026 · SEC CIK 1767306

Reported value: $12.2bn
Positions we cover: 2,021
Copy, a year: +16.8%
Copy Sharpe ratio: 0.83

How copying its 13F would have done

CopyS&P 500 $10,000 copying Vanguard Personalized Indexing Management, LLC's filed holdings in companies we cover from May 15, 2020, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −25.3% (S&P 500 −23.9%); beta 1.01; alpha −1.0% a year (t = −1.03); last 12 months +11.3% against +12.1%.

Reported value by quarter

Vanguard Personalized Indexing Management, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2020-03-31	$171.5M
2020-06-30	$220.5M
2020-09-30	$356.4M
2020-12-31	$459.7M
2021-03-31	$660.6M
2021-06-30	$955.2M
2021-09-30	$1.1B
2021-12-31	$1.7B
2022-03-31	$2.1B
2022-06-30	$2.2B
2022-09-30	$2.2B
2022-12-31	$2.4T
2023-03-31	$2.9B
2023-06-30	$3.3B
2023-09-30	$3.3B
2023-12-31	$43.6M
2024-03-31	$4.7B
2024-06-30	$5.3B
2024-09-30	$6.2B
2024-12-31	$6.6B
2025-03-31	$6.8B
2025-06-30	$8.9B
2025-09-30	$9.8B
2025-12-31	$10.3B
2026-03-31	$10.2B
2026-06-30	$12.2B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	6.30%	$768.1m	3.84M	+2.5% Added
AAPLApple Inc.	5.86%	$714.2m	2.47M	+4.5% Added
GOOGLAlphabet Inc. (Class A)	3.63%	$442.9m	1.24M	+6.3% Added
MSFTMicrosoft Corporation	3.38%	$412.7m	1.11M	+0.4%
AMZNAmazon	2.85%	$348.0m	1.46M	+4.5% Added
AVGOBroadcom	2.58%	$315.1m	834.3K	+3.4% Added
MUMicron Technology	1.71%	$208.0m	180.2K	+10.0% Added
METAMeta Platforms	1.50%	$183.1m	325.1K	−1.5% Reduced
LLYLilly (Eli)	1.49%	$181.4m	151.2K	+7.2% Added
JPMJPMorgan Chase	1.46%	$177.7m	542.9K	+8.0% Added
TSLATesla, Inc.	1.43%	$174.5m	414.8K	+5.3% Added
AMDAdvanced Micro Devices	1.21%	$147.8m	254.3K	+9.9% Added
VVisa Inc.	0.89%	$108.4m	316.1K	+10.2% Added
AMATApplied Materials	0.86%	$105.0m	145.2K	+1.1% Added
LRCXLam Research	0.82%	$100.3m	231.4K	+3.5% Added
JNJJohnson & Johnson	0.76%	$92.5m	364.2K	+5.8% Added
CATCaterpillar Inc.	0.74%	$90.3m	84.8K	+4.5% Added
WMTWalmart	0.73%	$89.1m	786.3K	−0.3%
CSCOCisco	0.68%	$82.3m	700.3K	+4.9% Added
ABBVAbbVie	0.67%	$81.3m	323.0K	+5.8% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.62%	$76.0m	159.1K	+20.2% Added
INTCIntel	0.62%	$75.1m	538.2K	+19.5% Added
KLACKLA Corporation	0.60%	$73.0m	242.1K	+917.2% Added
COSTCostco	0.58%	$70.2m	75.0K	−4.6% Reduced
MAMastercard	0.57%	$69.9m	136.2K	+0.7% Added
GEGE Aerospace	0.49%	$59.6m	159.5K	+3.0% Added
UNHUnitedHealth Group	0.46%	$56.0m	134.7K	+28.7% Added
GSGoldman Sachs	0.45%	$55.1m	54.5K	+8.1% Added
MRKMerck & Co.	0.45%	$54.7m	425.5K	+3.8% Added
BACBank of America	0.44%	$54.0m	947.1K	+0.8% Added
HDThe Home Depot	0.43%	$52.0m	147.5K	+3.8% Added
GEVGE Vernova	0.42%	$51.7m	44.0K	+1.6% Added
NFLXNetflix	0.41%	$50.1m	701.8K	−4.4% Reduced
SNDKSandisk	0.39%	$47.9m	21.1K	+31.9% Added
ORCLOracle Corporation	0.39%	$47.7m	325.4K	+10.3% Added
KOThe Coca-Cola Company	0.39%	$47.4m	583.4K	+4.4% Added
ASMLAsml Holding NV	0.39%	$47.0m	23.6K	+10.3% Added
TJXTJX Companies	0.37%	$45.2m	298.1K	+28.7% Added
MSMorgan Stanley	0.37%	$44.9m	214.9K	+5.3% Added
PGProcter & Gamble	0.36%	$44.4m	302.5K	+3.6% Added
PANWPalo Alto Networks	0.36%	$43.9m	128.8K	+14.7% Added
APHAmphenol	0.35%	$43.2m	245.1K	+5.5% Added
TXNTexas Instruments	0.35%	$43.0m	144.3K	+23.0% Added
RTXRTX Corporation	0.35%	$42.6m	224.5K	+1.9% Added
WDCWestern Digital	0.34%	$42.1m	65.9K	+4.3% Added
STXSeagate Technology	0.33%	$40.1m	41.6K	+2.8% Added
GLWCorning Inc.	0.32%	$39.4m	154.4K	+1.3% Added
CVXChevron Corporation	0.32%	$39.4m	237.6K	+0.7% Added
PMPhilip Morris International	0.32%	$39.2m	216.8K	+3.2% Added
IBMIBM	0.32%	$38.5m	136.9K	+8.8% Added
AMGNAmgen	0.31%	$38.2m	105.4K	+9.7% Added
CCitigroup	0.30%	$36.8m	263.0K	+2.6% Added
LINLinde plc	0.29%	$35.8m	69.0K	+21.1% Added
PLTRPalantir Technologies Inc.	0.29%	$35.1m	301.2K	−3.3% Reduced
ETNEaton Corporation	0.29%	$34.8m	81.7K	+7.3% Added
AXPAmerican Express	0.27%	$32.7m	96.7K	+7.6% Added
WFCWells Fargo	0.27%	$32.7m	395.1K	−0.1%
ADIAnalog Devices	0.27%	$32.3m	81.4K	+8.8% Added
MRVLMarvell Technology	0.26%	$31.3m	105.1K	+12.6% Added
DEDeere & Company	0.25%	$30.0m	47.3K	+14.4% Added
ANETArista Networks	0.24%	$29.2m	171.9K	+3.7% Added
UNPUnion Pacific Corporation	0.24%	$29.0m	106.7K	+19.0% Added
NEENextEra Energy	0.23%	$28.6m	325.9K	−2.2% Reduced
MCDMcDonald's	0.23%	$28.2m	104.5K	−10.0% Reduced
GILDGilead Sciences	0.22%	$26.7m	211.4K	−0.7% Reduced
QCOMQualcomm	0.21%	$25.9m	140.2K	+12.3% Added
TMOThermo Fisher Scientific	0.21%	$25.1m	50.0K	−5.4% Reduced
CMICummins	0.20%	$24.1m	33.8K	+1.4% Added
ISRGIntuitive Surgical	0.19%	$23.2m	58.3K	−3.7% Reduced
BKNGBooking Holdings	0.19%	$23.0m	129.1K	+2461.6% Added
PEPPepsiCo	0.19%	$23.0m	169.8K	−10.6% Reduced
CBChubb Limited	0.19%	$23.0m	67.4K	+1.9% Added
BLKBlackRock	0.19%	$22.8m	23.7K	+2.1% Added
CRWDCrowdStrike	0.18%	$21.7m	28.4K	+21.7% Added
VRTXVertex Pharmaceuticals	0.18%	$21.4m	43.2K	+3.7% Added
PGRProgressive Corporation	0.18%	$21.4m	98.1K	−0.1%
ABTAbbott Laboratories	0.17%	$21.3m	235.2K	−5.2% Reduced
ADPAutomatic Data Processing	0.17%	$21.1m	94.4K	+28.8% Added
WELLWelltower	0.17%	$21.0m	92.7K	+1.5% Added
PHParker Hannifin	0.17%	$20.9m	21.3K	+3.7% Added
APPApplovin Corp	0.17%	$20.7m	40.3K	+7.4% Added
LOWLowe's	0.17%	$20.6m	93.2K	−7.5% Reduced
TTTrane Technologies	0.17%	$20.4m	41.6K	+0.3%
VZVerizon	0.16%	$19.8m	467.5K	+2.7% Added
TAT&T	0.16%	$19.7m	950.0K	−4.5% Reduced
BNYBNY Mellon	0.16%	$19.5m	134.9K	+3.5% Added
PWRQuanta Services	0.16%	$19.4m	27.0K	+4.3% Added
FTNTFortinet	0.16%	$19.4m	126.2K	−0.3%
COFCapital One	0.16%	$19.4m	96.5K	−0.2%
DELLDell Technologies	0.16%	$19.3m	44.8K	+9.0% Added
DISThe Walt Disney Company	0.16%	$19.2m	199.6K	+8.4% Added
MPCMarathon Petroleum	0.15%	$18.7m	73.1K	+5.6% Added
SCHWCharles Schwab Corporation	0.15%	$18.3m	198.5K	−3.3% Reduced
LMTLockheed Martin	0.15%	$18.2m	35.8K	+1.6% Added
CDNSCadence Design Systems Inc	0.15%	$18.1m	48.2K	+6.0% Added
DUKDuke Energy	0.15%	$18.1m	143.0K	+5.1% Added
SPGIS&P Global	0.15%	$18.1m	44.4K	−7.0% Reduced
MOAltria	0.15%	$17.8m	247.8K	+2.2% Added
ASXASE Technology Holding Co., Ltd.	0.15%	$17.8m	394.3K	+7.0% Added
MCKMcKesson	0.14%	$17.7m	23.4K	−3.0% Reduced
SYKStryker Corporation	0.14%	$17.6m	56.0K	+4.4% Added
SBUXStarbucks	0.14%	$17.5m	171.0K	+1.6% Added
CRMSalesforce	0.14%	$17.3m	110.7K	−10.5% Reduced
BABoeing	0.14%	$17.3m	79.9K	+3.6% Added
NOWServiceNow	0.14%	$17.0m	170.9K	−1.5% Reduced
CVSCVS Health	0.14%	$16.9m	163.4K	+6.9% Added
COPConocoPhillips	0.14%	$16.8m	161.7K	+0.4%
VRTVertiv	0.13%	$16.4m	48.9K	+11.9% Added
EQIXEquinix	0.13%	$16.1m	15.4K	−4.7% Reduced
UBERUber	0.13%	$15.6m	216.3K	−5.1% Reduced
HWMHowmet Aerospace	0.13%	$15.5m	57.5K	+5.5% Added
MARMarriott International	0.13%	$15.4m	41.6K	+7.4% Added
SOSouthern Company	0.13%	$15.4m	160.5K	+2.1% Added
GMGeneral Motors	0.13%	$15.3m	198.2K	+0.7% Added
EBAYeBay Inc.	0.13%	$15.2m	136.1K	+2.8% Added
PNCPNC Financial Services	0.13%	$15.2m	61.7K	+1.6% Added
GDGeneral Dynamics	0.12%	$15.1m	42.7K	+5.0% Added
EMREmerson Electric	0.12%	$15.1m	105.5K	+5.5% Added
PLDPrologis	0.12%	$14.8m	109.5K	+3.4% Added
HCAHCA Healthcare	0.12%	$14.8m	38.0K	−6.7% Reduced
JCIJohnson Controls	0.12%	$14.6m	99.9K	−0.3%
TRVThe Travelers Companies	0.12%	$14.6m	44.2K	+3.0% Added
ORLYO'Reilly Automotive	0.12%	$14.6m	158.1K	−1.9% Reduced
VLOValero Energy	0.12%	$14.4m	55.3K	+1.1% Added
MPWRMonolithic Power Systems, Inc.	0.12%	$14.4m	10.4K	+2.3% Added
WMBWilliams Companies	0.12%	$14.4m	193.1K	+2.2% Added
MNSTMonster Beverage	0.12%	$14.2m	147.6K	+3.9% Added
RCLRoyal Caribbean Group	0.12%	$14.0m	44.1K	−1.4% Reduced
ALLAllstate	0.11%	$13.9m	58.5K	+12.5% Added
URIUnited Rentals	0.11%	$13.9m	12.2K	+6.7% Added
AZNAstrazeneca PLC	0.11%	$13.8m	72.6K	+4.1% Added
DHRDanaher Corporation	0.11%	$13.6m	71.6K	+5.9% Added
HLTHilton Worldwide	0.11%	$13.6m	41.3K	+12.9% Added
AFLAflac	0.11%	$13.4m	114.5K	+5.5% Added
HSBCHsbc Holdings PLC	0.11%	$13.4m	140.8K	+8.7% Added
WMWaste Management	0.11%	$13.4m	59.9K	−5.5% Reduced
MCOMoody's Corporation	0.11%	$13.1m	28.9K	+12.0% Added
ITWIllinois Tool Works	0.11%	$12.9m	47.7K	−6.8% Reduced
CLColgate-Palmolive	0.10%	$12.8m	139.9K	+12.3% Added
DDOGDatadog, Inc.	0.10%	$12.8m	49.1K	+17.0% Added
PSXPhillips 66	0.10%	$12.8m	75.7K	+5.5% Added
BMYBristol Myers Squibb	0.10%	$12.7m	221.1K	−5.0% Reduced
MMM3M	0.10%	$12.6m	77.5K	−2.4% Reduced
TMUST-Mobile US	0.10%	$12.5m	74.6K	−3.9% Reduced
NEMNewmont	0.10%	$12.4m	133.2K	−1.4% Reduced
ECLEcolab	0.10%	$12.3m	44.3K	−0.1%
ELVElevance Health	0.10%	$12.3m	31.9K	+21.7% Added
SPGSimon Property Group	0.10%	$12.3m	55.0K	+0.9% Added
NETCloudflare, Inc.	0.10%	$12.2m	49.8K	−0.9% Reduced
CEGConstellation Energy	0.10%	$12.2m	49.0K	−4.3% Reduced

Company	Bought (value)	Shares
KLACKLA Corporation	$65.9m	218.3K
AAPLApple Inc.	$30.8m	106.4K
GOOGLAlphabet Inc. (Class A)	$26.4m	74.0K
BKNGBooking Holdings	$22.1m	124.0K
MUMicron Technology	$18.9m	16.4K
NVDANVIDIA Corporation	$18.8m	94.2K
AMZNAmazon	$15.0m	62.7K
AMDAdvanced Micro Devices	$13.4m	23.0K
JPMJPMorgan Chase	$13.2m	40.4K
TSMTaiwan Semiconductor Manufacturing Co LTD	$12.8m	26.7K
UNHUnitedHealth Group	$12.5m	30.0K
INTCIntel	$12.3m	87.7K
LLYLilly (Eli)	$12.2m	10.1K
SNDKSandisk	$11.6m	5.1K
AVGOBroadcom	$10.4m	27.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
CMCSAComcast	−$3.8m	−155.4K
COSTCostco	−$3.3m	−3.6K
MCDMcDonald's	−$3.1m	−11.5K
METAMeta Platforms	−$2.8m	−5.0K
PEPPepsiCo	−$2.7m	−20.2K
PFEPfizer	−$2.4m	−101.0K
NFLXNetflix	−$2.3m	−32.4K
CRMSalesforce	−$2.0m	−13.0K
ADSKAutodesk, Inc.	−$1.9m	−9.7K
INTUIntuit	−$1.7m	−6.5K
LOWLowe's	−$1.7m	−7.5K
TMOThermo Fisher Scientific	−$1.4m	−2.9K
MDTMedtronic	−$1.4m	−18.3K
TMToyota Motor Corp/	−$1.4m	−8.4K
HIGThe Hartford	−$1.4m	−10.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
WAYWaystar Holding Corp.	$398,779	16.5K
SAMBoston Beer Co Inc	$378,547	1.6K
OLEDUniversal Display Corp \pa\	$354,908	3.9K
WIXWix.com Ltd.	$342,987	3.8K
SHAKShake Shack Inc.	$318,138	3.6K
SITESiteone Landscape Supply, Inc.	$303,225	2.3K
DMCDEL Monte Corp	$297,240	7.4K
CALXCalix, Inc	$272,776	5.6K
EYENational Vision Holdings, Inc.	$265,216	10.2K
PATKPatrick Industries Inc	$262,125	2.4K
SLVMSylvamo Corp	$248,456	5.9K
ATRCAtricure, Inc.	$246,357	8.6K
CRSPCrispr Therapeutics AG	$241,323	5.1K
EFOREverforth Inc	$232,415	6.0K
HWKNHawkins Inc	$226,560	1.5K
GSHDGoosehead Insurance, Inc.	$220,510	5.2K
KRMNKarman Holdings Inc.	$218,537	2.7K
FIVNFive9, Inc.	$214,610	14.1K
WASHWashington Trust Bancorp Inc	$210,296	6.3K
STEPStepstone Group Inc.	$208,346	4.4K
NGVTIngevity Corp	$204,216	2.9K
SSTKShutterstock, Inc.	$202,044	12.2K
AMPHAmphastar Pharmaceuticals, Inc.	$201,581	10.3K
ADUSAddus Homecare Corp	$200,879	2.1K
MATMattel Inc	$195,051	13.4K
ARCCAres Capital Corp	$194,814	10.8K
MNROMonro, Inc.	$163,015	10.2K
EYPTEyepoint, Inc.	$143,363	11.1K
SONOSonos Inc	$140,606	10.5K
DRVNDriven Brands Holdings Inc.	$136,831	10.9K

Technology38.4%
Financials11.9%
Industrials10.2%
Health Care9.4%
Consumer Discretionary9.3%
Communication Services7.3%
Consumer Staples4.5%
Energy2.6%
Materials2.3%
Utilities2.2%
Real Estate1.8%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestMay 15, 2020 to November 2, 2026	+16.8%	+17.8%	0.83	0.90	−25.3%	1.01
Last three yearsNovember 3, 2023 to November 2, 2026	+21.7%	+21.8%	1.12	1.14	−17.5%	1.00
Last yearNovember 7, 2025 to November 2, 2026	+13.4%	+14.2%	0.79	0.84	−8.4%	0.96

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.