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Livermore
Livermore
ZHEN

Vanguard Portfolio Management LLC

SEC CIK
0002100121
Latest filing
Aug 13, 2026

The latest 13F from Vanguard Portfolio Management LLC covers Q2 2026 (filed Aug 13, 2026): 3,141 long positions worth $2.22T. The top 10 holdings make up 21.6% of the portfolio, and the largest is NVIDIA Corp (NVDA) at 4.7%. Livermore has 3 filings on Form 13F from this institution, going back to Q1 2026.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
194
Est. +$7.76B
Added
2080
Est. +$50.7B
Reduced
858
Est. −$31.8B
Sold out
147
Est. −$9.19B

Top 5 holdings

Share of this quarter's portfolio value

  1. NVDANVIDIA Corp
    4.7%$103.6BHistory
  2. AAPLApple Inc.
    4.4%$96.7BHistory
  3. MSFTMicrosoft Corp
    2.8%$62.8BHistory
  4. AVGOBroadcom Inc.
    2.2%$48.0BHistory
  5. GOOGLAlphabet Inc.
    1.6%$35.3BHistory

Share of portfolio

Top 5 holdings and the other 3,136 positions, by share of portfolio value

  1. NVDA4.7%
  2. AAPL4.4%
  3. MSFT2.8%
  4. AVGO2.2%
  5. GOOGL1.6%
  6. Other 3,136 positions84.4%

Biggest buys

New and added positions, by estimated amount bought

  1. MUMicron Technology Inc
    +$1.89BAddedHistory
  2. HONHoneywell International Inc
    +$1.76BNewHistory
  3. SPCXSpace Exploration Technologies Corp
    +$1.75BNewHistory
  4. HONAHoneywell Aerospace Inc.
    +$1.67BNewHistory
  5. NVDANVIDIA Corp
    +$1.54BAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MUMicron Technology Inc
    +0.88 pp0.4% → 1.3%History
  2. AMDAdvanced Micro Devices Inc
    +0.59 pp0.4% → 1.0%History
  3. INTCIntel Corp
    +0.37 pp0.2% → 0.6%History
  4. AMATApplied Materials Inc
    +0.30 pp0.3% → 0.6%History
  5. CSCOCisco Systems, Inc.
    +0.15 pp0.5% → 0.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MRVLMarvell Technology, Inc.
    −$3.64BReducedHistory
  2. HONHoneywell International Inc
    −$3.54BSold outHistory
  3. STXSeagate Technology Holdings plc
    −$2.99BReducedHistory
  4. WDCWestern Digital Corp
    −$2.60BReducedHistory
  5. GLWCorning Inc
    −$2.39BReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. HONHoneywell International Inc
    −0.18 pp0.2% → 0.0%History
  2. NFLXNetflix Inc
    −0.14 pp0.4% → 0.2%History
  3. COSTCostco Wholesale Corp
    −0.12 pp0.6% → 0.4%History
  4. MCDMcDonalds Corp
    −0.08 pp0.3% → 0.2%History
  5. AMZNAmazon Com Inc
    −0.08 pp1.4% → 1.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.22T
+$305.1B (+15.9%) vs. prior quarter
Positions
3,141
+47 vs. prior quarter
Top 10 concentration
21.6%
Top 10 as share of value
Turnover
2.0%
Q2 2026, one quarter
Average holding period
2.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2026), so positions held before then are understated.

13F filings by quarter

2 quarters, going back to Q1 2026. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.22T (Q2 2026)

Q1 2026: $1.91TQ2 2026: $2.22T
Q1 2026Q2 2026
13F filings of Vanguard Portfolio Management LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 20263,141$2.22TNVDAAAPLMSFTvs. Q1 2026SEC
Q1 2026May 15, 2026Amended3,094$1.91TNVDAAAPLMSFT–SECSEC

13D and 13G filings

Companies where Vanguard Portfolio Management LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

866 companies, largest stake first.

Companies where Vanguard Portfolio Management LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
XHRXenia Hotels & Resorts, Inc.13G13.03%12.4M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
DRHDiamondRock Hospitality Co13G11.15%22.7M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
UEUrban Edge Properties13G11.07%13.9M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
PECOPhillips Edison & Company, Inc.13G10.82%13.6M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
TDCTeradata Corp13G/A10.61%9.99M shares+0.82 ppfrom 9.79%Apr 29, 20262 filingsJul 7, 2026SEC
JBGSJBG Smith Properties13G10.50%6.21M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
CWKCushman & Wakefield Ltd.13G10.48%24.3M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
HIWHighwoods Properties, Inc.13G10.48%11.5M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
IIPRInnovative Industrial Properties Inc13G/A10.38%2.86M shares+0.65 ppfrom 9.73%Apr 29, 20262 filingsSep 4, 2026SEC
SKTTanger Inc.13G10.37%11.9M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
FIVNFive9, Inc.13G/A10.31%7.90M shares+1.34 ppfrom 8.97%Apr 29, 20262 filingsAug 6, 2026SEC
BNLBroadstone Net Lease, Inc.13G/A10.26%19.7M shares+0.77 ppfrom 9.49%Apr 29, 20262 filingsMay 6, 2026SEC
SHOSunstone Hotel Investors, Inc.13G10.22%19.4M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
SIGSignet Jewelers Ltd13G/A10.22%4.02M shares+1.13 ppfrom 9.09%Apr 29, 20263 filingsSep 4, 2026SEC
CDPCopt Defense Properties13G10.18%11.5M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
TENBTenable Holdings, Inc.13G/A10.18%11.2M shares+1.71 ppfrom 8.47%Apr 29, 20262 filingsSep 4, 2026SEC
APLEApple Hospitality REIT, Inc.13G/A10.16%24.0M shares+0.77 ppfrom 9.39%Apr 28, 20262 filingsAug 6, 2026SEC
IVTInvenTrust Properties Corp.13G/A10.16%7.92M shares+1.08 ppfrom 9.08%Apr 29, 20262 filingsJul 7, 2026SEC
TRNOTerreno Realty Corp13G/A10.15%10.8M shares+0.41 ppfrom 9.74%Apr 29, 20262 filingsJul 7, 2026SEC
PDMPiedmont Realty Trust, Inc.13G10.10%12.6M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
MACMacerich Co13G/A10.09%28.6M shares+0.10 ppfrom 9.99%Apr 29, 20262 filingsSep 4, 2026SEC
PEBPebblebrook Hotel Trust13G10.09%11.5M sharesNewFeb 5, 20261 filingFeb 5, 2026SEC
OUTOUTFRONT Media Inc.13G/A10.08%17.7M shares+0.63 ppfrom 9.45%Apr 29, 20262 filingsJul 7, 2026SEC
MRPMillrose Properties, Inc.13G/A10.07%15.5M shares+0.43 ppfrom 9.64%Apr 29, 20262 filingsJun 4, 2026SEC
APPNAppian Corp13G10.06%4.32M sharesNewMar 5, 20261 filingMar 5, 2026SEC

Showing the 25 largest of 866 stakes.

Latest filings

1,005 filings on file made by Vanguard Portfolio Management LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Vanguard Portfolio Management LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
MACMacerich CoSep 4, 20262:09 PM ET13G/A10.09%28.6M shares+0.10 ppfrom 9.99%Aug 31, 2026SEC
TENBTenable Holdings, Inc.Sep 4, 20262:09 PM ET13G/A10.18%11.2M shares+1.71 ppfrom 8.47%Aug 31, 2026SEC
SIGSignet Jewelers LtdSep 4, 20262:09 PM ET13G/A10.22%4.02M shares+1.13 ppfrom 9.09%Aug 31, 2026SEC
IIPRInnovative Industrial Properties IncSep 4, 20262:09 PM ET13G/A10.38%2.86M shares+0.65 ppfrom 9.73%Aug 31, 2026SEC
ZIONZions Bancorporation, National AssociationSep 3, 20263:21 PM ET13G7.40%10.9M sharesNewMar 31, 2026SEC
MDPediatrix Medical Group, Inc.Sep 3, 20263:21 PM ET13G7.55%6.28M sharesNewMar 31, 2026SEC
CALMCal-Maine Foods IncSep 3, 20263:20 PM ET13G5.75%2.79M sharesNewMar 31, 2026SEC
BRBRBellring Brands, Inc.Sep 3, 20263:18 PM ET13G5.11%6.00M sharesNewMar 31, 2026SEC
FIVNFive9, Inc.Aug 6, 202612:20 PM ET13G/A10.31%7.90M shares+1.34 ppfrom 8.97%Jul 31, 2026SEC
APLEApple Hospitality REIT, Inc.Aug 6, 202612:20 PM ET13G/A10.16%24.0M shares+0.77 ppfrom 9.39%Jul 31, 2026SEC
SEMSelect Medical Holdings CorpJul 31, 202611:40 AM ET13G/A0.00%2.13K shares−5.45 ppfrom 5.45%Below 5%Jun 30, 2026SEC
RCKTRocket Pharmaceuticals, Inc.Jul 31, 202611:40 AM ET13G5.35%5.85M sharesNewJun 30, 2026SEC
UMHUmh Properties, Inc.Jul 31, 202611:40 AM ET13G5.00%4.26M sharesNewJun 30, 2026SEC
PLABPhotronics IncJul 31, 202611:40 AM ET13G5.10%3.01M sharesNewJun 30, 2026SEC
RPDRapid7, Inc.Jul 31, 202611:40 AM ET13G/A6.60%4.41M shares−1.71 ppfrom 8.31%Jun 30, 2026SEC
SVCService Properties TrustJul 31, 202611:40 AM ET13G5.10%33.0M sharesNewJun 30, 2026SEC
VGNTVersigent PLCJul 31, 202611:40 AM ET13G6.01%4.27M sharesNewJun 30, 2026SEC
WENWendy's CoJul 31, 202611:40 AM ET13G5.48%10.5M sharesNewJun 30, 2026SEC
RAREUltragenyx Pharmaceutical Inc.Jul 31, 202611:40 AM ET13G/A6.95%6.85M shares+1.45 ppfrom 5.50%Jun 30, 2026SEC
SRPTSarepta Therapeutics, Inc.Jul 31, 202611:40 AM ET13G/A8.05%8.50M shares+1.62 ppfrom 6.43%Jun 30, 2026SEC