Reported 265,824 shares, down 6,648 (2.4%) from the prior quarter.
Reported value -0.6%; share count -2.4% vs. the prior quarter.
Reported position value by quarter
Each bar is a Form 13-F quarter-end snapshot. It does not show trades made within the quarter.
| Date | Holding Value |
|---|---|
| 2023-09-30 | 54292808 |
| 2023-12-31 | 58116054 |
| 2024-03-31 | 60534466 |
| 2024-06-30 | 59977514 |
| 2024-09-30 | 64761592 |
| 2024-12-31 | 63971269 |
| 2025-03-31 | 62536725 |
| 2025-06-30 | 55595663 |
| 2025-09-30 | 58796660 |
| 2025-12-31 | 58422766 |
| 2026-03-31 | 54936983 |
| 2026-06-30 | 60141589 |
| 2026-09-30 | 65843195 |
Quarterly position history
How this manager's reported quarter-end position changed over time.
| Quarter | Activity | Shares | Change | % of reported 13F | Reported value | Filed | Source filing |
|---|---|---|---|---|---|---|---|
| Q3 2026 | Added | 282,213 | +28,043 (11.0%) | 3.89% | $65,843,195 | 2026-10-30 | |
| Q2 2026 | Reduced | 254,170 | -1,280 (-0.5%) | 5.73% | $60,141,589 | 2026-07-24 | |
| Q1 2026 | Reduced | 255,450 | -10,374 (-3.9%) | 5.82% | $54,936,983 | 2026-04-20 | |
| Q4 2025 | Reduced | 265,824 | -6,648 (-2.4%) | 6.47% | $58,422,766 | 2026-01-26 | |
| Q3 2025 | Added | 272,472 | +836 (0.3%) | 7.6% | $58,796,660 | 2025-11-12 | |
| Q2 2025 | Reduced | 271,636 | -50,735 (-15.7%) | 7.99% | $55,595,663 | 2025-08-15 | |
| Q1 2025 | Reduced | 322,371 | -4,296 (-1.3%) | 8.99% | $62,536,725 | 2025-08-15 | |
| Q4 2024 | Reduced | 326,667 | -313 (-0.1%) | 8.27% | $63,971,269 | 2025-08-15 | |
| Q3 2024 | Reduced | 326,980 | -1,574 (-0.5%) | 8.09% | $64,761,592 | 2025-08-15 | |
| Q2 2024 | Reduced | 328,554 | -2,942 (-0.9%) | 8.39% | $59,977,514 | 2025-08-15 | |
| Q1 2024 | Reduced | 331,496 | -9,561 (-2.8%) | 8.51% | $60,534,466 | 2025-08-15 | |
| Q4 2023 | Reduced | 341,057 | -8,363 (-2.4%) | 7.83% | $58,116,054 | 2025-08-15 | |
| Q3 2023 | New | 349,420 | +349,420 (0.0%) | 8.77% | $54,292,808 | 2025-08-15 |
Who else reported the position
2618 managers reported VANGUARD SPECIALIZED FUNDS for Q4 2025.
| Manager | Activity | Shares | Change | % of reported 13F | Reported value | Tenure |
|---|---|---|---|---|---|---|
| Bank of America Corporation | Added | 24,739,680 | +3,448,292 | 0.4% | $5,437,286,837 | 51 qtrs |
| MORGAN STANLEY | Added | 12,774,029 | +247,444 | 0.17% | $2,807,476,611 | 51 qtrs |
| WELLS FARGO & COMPANY MN | Added | 10,814,160 | +228,122 | 0.43% | $2,376,736,047 | 51 qtrs |
| VANGUARD GROUP INC | Added | 10,690,700 | +130,639 | 0.03% | $2,349,601,983 | 50 qtrs |
| Wealthfront Advisers LLC | Added | 9,879,191 | +287,085 | 4.85% | $2,171,248,601 | 29 qtrs |
| LPL Financial LLC | Added | 6,909,821 | +31,765 | 0.41% | $1,518,640,392 | 51 qtrs |
| UBS Group AG | Reduced | 6,258,850 | -71,860 | 0.22% | $1,375,570,053 | 45 qtrs |
| HB Wealth Management LLC | Added | 5,705,891 | +194,577 | 8.03% | $1,241,057,987 | 17 qtrs |
| RAYMOND JAMES FINANCIAL INC | Added | 5,591,809 | +263,218 | 0.38% | $1,228,967,924 | 5 qtrs |
| ROYAL BANK OF CANADA | Added | 4,159,179 | +165,634 | 0.15% | $914,105,000 | 51 qtrs |
Filing details and methodology As reported
- Report period
- December 31, 2025
- Filed
- January 26, 2026
- Filing type
- 13F-HR
- Position type
- DIV APP ETF
Voting authority reported
- Sole
- 265,824
- Shared
- 0
- None
- 0
“None” means the manager reported no voting authority for those shares on non-routine matters. It does not disclose why and is not evidence of securities lending.
Form 13-F is a delayed quarter-end snapshot of disclosed long Section 13(f) securities. It can be filed up to 45 days after quarter end, excludes short positions and most non-U.S. securities, and does not reveal intra-quarter trading. For options, reported shares and value describe the underlying-share exposure; strike, expiry, premium, and written positions are not disclosed.