VANGUARD CAPITAL MANAGEMENT LLC

CIK 0002100119 · Q2 2026

13F Equity AUM

$4.7T

+15.8% QoQ

Positions

3,369

+11 QoQ

AUM Rank

Top 0.1%

Skill Alpha (FF)

—

Building track record (1q)

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 22.6%Top 10: 32.6%Top 20: 42.5%

NVDA6.6%

AAPL5.9%

MSFT3.9%

AMZN3.2%

GOOGL2.9%

AVGO2.5%

GOOG2.3%

MU1.8%

META1.7%

TSLA1.6%

Others (3359)67.4%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology36.1%

Financial Services11.8%

Healthcare9.3%

Consumer Cyclical9.1%

Communication Services9.0%

Industrials8.7%

Consumer Defensive3.9%

Energy3.5%

Other8.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 3369Median: 0.00%Avg: 0.03%

0–0.5%

3339(51.6%)

0.5–1%

16(10.7%)

1–3%

10(18.0%)

3–5%

2(7.1%)

5%+

2(12.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 3,369vs 20 funds

0%Low

3,369

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New163Increased2546Decreased1177Exited133

New Positions

HONEYWELL AEROSPACE …0.1%

+20.7M

HONEYWELL INTL INC0.1%

+20.7M

SPACE EXPLORATION TE…0.1%

+26.6M

CARNIVAL CORP LTD0.1%

+82.7M

DUPONT DE NEMOURS IN…0.0%

+8.9M

FEDEX FGHT HLDG CO I…0.0%

+7.1M

CEREBRAS SYSTEMS INC0.0%

+1.4M

THOMSON REUTERS CORP0.0%

+3.7M

WISE GROUP PLC0.0%

+21.9M

JET AI INC0.0%

+700

Increased

KLAC0.6%

+76.8M(+902%)

BKNG0.2%

+48.5M(+2337%)

CVNA0.1%

+36.6M(+407%)

DVN0.1%

+35.0M(+87%)

HPO0.0%

+19.5M(+280%)

MRVL0.4%

+18.8M(+48%)

BAC0.5%

+12.1M(+3%)

CDE0.0%

+11.9M(+38%)

DVLT0.0%

+11.0M(+70%)

FLEX0.1%

+7.5M(+46%)

Decreased

CAG0.0%

-9,479,752(-31%)

CRM0.2%

-7,268,548(-12%)

PINS0.0%

-5,101,945(-20%)

CPB0.0%

-3,904,839(-30%)

JHG0.0%

-3,868,683(-70%)

JPM1.1%

-3,692,710(-2%)

TAL0.0%

-2,933,396(-23%)

HSAI0.0%

-2,857,549(-98%)

TRVC0.3%

-2,428,174(-2%)

PYPL0.1%

-2,372,057(-4%)

Exited

HON

-41,280,753

CCL

-73,474,107

CTRA

-48,131,598

-26,593,894

-14,503,914

-14,023,557

-2,050,045

-3,729,023

-13,097,435

-2,425,218

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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