Vanguard® Growth and Income Fund
Schedule of Investments (unaudited)
As of June 30, 2023
The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund’s Form N-PORT reports are available on the SEC’s website at www.sec.gov.
Shares | Market Value ($000) | ||
Common Stocks (96.7%) | |||
Communication Services (6.7%) | |||
* | Alphabet Inc. Class A | 1,908,254 | 228,418 |
* | Alphabet Inc. Class C | 1,451,743 | 175,617 |
* | Meta Platforms Inc. Class A | 585,638 | 168,066 |
AT&T Inc. | 2,817,937 | 44,946 | |
* | Netflix Inc. | 96,006 | 42,290 |
* | Live Nation Entertainment Inc. | 309,637 | 28,211 |
* | Charter Communications Inc. Class A | 67,188 | 24,683 |
Verizon Communications Inc. | 561,513 | 20,883 | |
Comcast Corp. Class A | 417,897 | 17,364 | |
* | Match Group Inc. | 336,556 | 14,085 |
* | Snap Inc. Class A | 770,900 | 9,127 |
Electronic Arts Inc. | 58,834 | 7,631 | |
* | Spotify Technology SA | 45,300 | 7,273 |
Fox Corp. Class B | 206,419 | 6,583 | |
* | Activision Blizzard Inc. | 51,700 | 4,358 |
* | T-Mobile US Inc. | 30,239 | 4,200 |
* | Warner Bros Discovery Inc. | 179,800 | 2,255 |
Fox Corp. Class A | 57,800 | 1,965 | |
Interpublic Group of Cos. Inc. | 49,415 | 1,906 | |
* | Pinterest Inc. Class A | 68,335 | 1,868 |
Lumen Technologies Inc. | 663,800 | 1,500 | |
Warner Music Group Corp. Class A | 54,200 | 1,414 | |
* | Yelp Inc. Class A | 35,900 | 1,307 |
Iridium Communications Inc. | 19,800 | 1,230 | |
1 | Paramount Global Class B | 64,900 | 1,033 |
* | Gogo Inc. | 54,200 | 922 |
* | Liberty Media Corp.-Liberty Formula One Class C | 11,100 | 836 |
* | Sciplay Corp. Class A | 38,700 | 762 |
* | Liberty Global plc Class A | 43,700 | 737 |
* | Vimeo Inc. | 173,900 | 716 |
Omnicom Group Inc. | 7,000 | 666 | |
* | AMC Networks Inc. Class A | 45,902 | 549 |
* | Eventbrite Inc. Class A | 52,200 | 498 |
* | ZipRecruiter Inc. Class A | 25,578 | 454 |
* | Lions Gate Entertainment Corp. Class A | 43,790 | 387 |
* | Liberty Media Corp.- Liberty Formula One Class A | 5,000 | 338 |
* | QuinStreet Inc. | 28,900 | 255 |
* | Altice USA Inc. Class A | 64,700 | 195 |
* | Globalstar Inc. | 168,600 | 182 |
* | Gannett Co. Inc. | 73,400 | 165 |
* | Consolidated Communications Holdings Inc. | 37,500 | 144 |
* | Bumble Inc. Class A | 8,223 | 138 |
Shares | Market Value ($000) | ||
* | IDT Corp. Class B | 5,000 | 129 |
* | Cinemark Holdings Inc. | 6,400 | 106 |
Gray Television Inc. | 9,100 | 72 | |
* | WideOpenWest Inc. | 5,722 | 48 |
* | DHI Group Inc. | 10,200 | 39 |
Entravision Communications Corp. Class A | 4,500 | 20 | |
* | comScore Inc. | 8,299 | 7 |
*,2 | Yandex NV Class A | 23,500 | — |
826,578 | |||
Consumer Discretionary (11.8%) | |||
* | Amazon.com Inc. | 2,310,073 | 301,141 |
* | Tesla Inc. | 871,796 | 228,210 |
* | Booking Holdings Inc. | 26,710 | 72,126 |
Marriott International Inc. Class A | 359,257 | 65,992 | |
Lowe's Cos. Inc. | 290,135 | 65,483 | |
McDonald's Corp. | 206,040 | 61,484 | |
Starbucks Corp. | 498,006 | 49,332 | |
Home Depot Inc. | 154,487 | 47,990 | |
TJX Cos. Inc. | 534,782 | 45,344 | |
Yum! Brands Inc. | 293,613 | 40,680 | |
PulteGroup Inc. | 509,981 | 39,615 | |
* | O'Reilly Automotive Inc. | 36,469 | 34,839 |
* | Expedia Group Inc. | 309,577 | 33,865 |
* | Chipotle Mexican Grill Inc. Class A | 15,011 | 32,109 |
MGM Resorts International | 652,328 | 28,650 | |
* | AutoZone Inc. | 10,073 | 25,116 |
General Motors Co. | 603,274 | 23,262 | |
eBay Inc. | 465,043 | 20,783 | |
Tapestry Inc. | 436,766 | 18,694 | |
NIKE Inc. Class B | 159,661 | 17,622 | |
Ford Motor Co. | 960,800 | 14,537 | |
Lennar Corp. Class A | 113,995 | 14,285 | |
Darden Restaurants Inc. | 83,083 | 13,881 | |
* | Royal Caribbean Cruises Ltd. | 131,760 | 13,669 |
Domino's Pizza Inc. | 36,440 | 12,280 | |
Genuine Parts Co. | 65,468 | 11,079 | |
* | Ulta Beauty Inc. | 21,061 | 9,911 |
Bath & Body Works Inc. | 252,730 | 9,477 | |
DR Horton Inc. | 56,480 | 6,873 | |
BorgWarner Inc. (XNYS) | 136,420 | 6,672 | |
* | Mohawk Industries Inc. | 59,820 | 6,171 |
Advance Auto Parts Inc. | 86,100 | 6,053 | |
VF Corp. | 285,800 | 5,456 | |
Penske Automotive Group Inc. | 32,700 | 5,449 | |
LKQ Corp. | 90,964 | 5,300 | |
Hilton Worldwide Holdings Inc. | 25,310 | 3,684 | |
Dick's Sporting Goods Inc. | 25,200 | 3,331 | |
Harley-Davidson Inc. | 87,000 | 3,063 | |
* | Las Vegas Sands Corp. | 52,730 | 3,058 |
Best Buy Co. Inc. | 37,300 | 3,057 | |
* | Overstock.com Inc. | 88,759 | 2,891 |
* | Figs Inc. Class A | 347,000 | 2,870 |
* | AutoNation Inc. | 16,900 | 2,782 |
* | Carnival Corp. | 145,470 | 2,739 |
* | Coupang Inc. Class A | 149,700 | 2,605 |
* | Chegg Inc. | 286,000 | 2,540 |
* | Airbnb Inc. Class A | 18,000 | 2,307 |
* | Duolingo Inc. | 12,100 | 1,730 |
Shares | Market Value ($000) | ||
* | Under Armour Inc. Class C | 245,200 | 1,645 |
Pool Corp. | 4,100 | 1,536 | |
Toll Brothers Inc. | 19,200 | 1,518 | |
Churchill Downs Inc. | 10,300 | 1,433 | |
* | Coursera Inc. | 96,698 | 1,259 |
* | Burlington Stores Inc. | 7,900 | 1,243 |
* | GoPro Inc. Class A | 282,200 | 1,168 |
Murphy USA Inc. | 3,000 | 933 | |
Acushnet Holdings Corp. | 17,000 | 930 | |
Wingstop Inc. | 4,500 | 901 | |
* | Aptiv plc | 8,500 | 868 |
* | NVR Inc. | 122 | 775 |
H&R Block Inc. | 22,000 | 701 | |
* | Floor & Decor Holdings Inc. Class A | 6,400 | 665 |
Garmin Ltd. | 6,200 | 647 | |
Group 1 Automotive Inc. | 2,500 | 645 | |
* | Sleep Number Corp. | 22,700 | 619 |
Laureate Education Inc. | 50,900 | 615 | |
Texas Roadhouse Inc. Class A | 5,200 | 584 | |
* | Skechers USA Inc. | 10,900 | 574 |
Aaron's Co. Inc. | 37,400 | 529 | |
Ross Stores Inc. | 4,700 | 527 | |
Williams-Sonoma Inc. | 4,000 | 501 | |
Travel & Leisure Co. | 12,400 | 500 | |
Yum China Holdings Inc. | 8,300 | 469 | |
* | CarMax Inc. | 5,300 | 444 |
Valvoline Inc. | 10,600 | 398 | |
* | Under Armour Inc. Class A | 51,300 | 370 |
* | Skyline Champion Corp. | 5,600 | 367 |
Bloomin' Brands Inc. | 12,100 | 325 | |
* | Playa Hotels & Resorts NV | 38,300 | 312 |
* | Grand Canyon Education Inc. | 2,774 | 286 |
* | Qurate Retail Inc. Series A | 287,100 | 284 |
Service Corp. International | 4,300 | 278 | |
Signet Jewelers Ltd. | 4,200 | 274 | |
Wendy's Co. | 11,300 | 246 | |
* | Genesco Inc. | 9,800 | 245 |
* | Green Brick Partners Inc. | 4,200 | 239 |
* | Zumiez Inc. | 10,800 | 180 |
* | CarParts.com Inc. | 41,800 | 178 |
* | YETI Holdings Inc. | 3,900 | 151 |
* | Mattel Inc. | 7,100 | 139 |
* | LL Flooring Holdings Inc. | 33,139 | 127 |
* | Fossil Group Inc. | 48,098 | 124 |
* | 2U Inc. | 27,573 | 111 |
* | Universal Electronics Inc. | 10,584 | 102 |
Red Rock Resorts Inc. Class A | 1,900 | 89 | |
* | American Public Education Inc. | 18,000 | 85 |
* | G-III Apparel Group Ltd. | 3,500 | 67 |
* | Noodles & Co. Class A | 16,088 | 54 |
PVH Corp. | 600 | 51 | |
* | Container Store Group Inc. | 13,597 | 43 |
* | Unifi Inc. | 3,438 | 28 |
* | American Outdoor Brands Inc. | 2,603 | 23 |
Cato Corp. Class A | 2,200 | 18 | |
* | Duluth Holdings Inc. Class B | 2,768 | 17 |
* | Century Casinos Inc. | 490 | 3 |
1,457,530 |
Shares | Market Value ($000) | ||
Consumer Staples (7.4%) | |||
Procter & Gamble Co. | 766,040 | 116,239 | |
Coca-Cola Co. | 1,812,752 | 109,164 | |
PepsiCo Inc. | 528,310 | 97,854 | |
Walmart Inc. | 519,185 | 81,605 | |
Costco Wholesale Corp. | 140,092 | 75,423 | |
Hershey Co. | 189,613 | 47,346 | |
Philip Morris International Inc. | 409,092 | 39,936 | |
Altria Group Inc. | 871,124 | 39,462 | |
Colgate-Palmolive Co. | 486,235 | 37,460 | |
Kroger Co. | 713,359 | 33,528 | |
Kimberly-Clark Corp. | 206,933 | 28,569 | |
* | Monster Beverage Corp. | 459,250 | 26,379 |
Archer-Daniels-Midland Co. | 342,326 | 25,866 | |
Constellation Brands Inc. Class A | 92,418 | 22,747 | |
Lamb Weston Holdings Inc. | 186,848 | 21,478 | |
Conagra Brands Inc. | 522,932 | 17,633 | |
General Mills Inc. | 194,472 | 14,916 | |
Mondelez International Inc. Class A | 184,841 | 13,482 | |
Brown-Forman Corp. Class B | 185,970 | 12,419 | |
Dollar General Corp. | 56,800 | 9,643 | |
Sysco Corp. | 107,694 | 7,991 | |
Keurig Dr Pepper Inc. | 253,800 | 7,936 | |
J M Smucker Co. | 37,321 | 5,511 | |
Tyson Foods Inc. Class A | 59,200 | 3,022 | |
Coca-Cola Europacific Partners plc | 41,700 | 2,687 | |
Church & Dwight Co. Inc. | 23,859 | 2,391 | |
Campbell Soup Co. | 43,100 | 1,970 | |
* | United Natural Foods Inc. | 83,400 | 1,630 |
Molson Coors Beverage Co. Class B | 24,500 | 1,613 | |
Kraft Heinz Co. | 44,026 | 1,563 | |
Estee Lauder Cos. Inc. Class A | 6,100 | 1,198 | |
Clorox Co. | 7,082 | 1,126 | |
Vector Group Ltd. | 71,600 | 917 | |
Coca-Cola Consolidated Inc. | 1,330 | 846 | |
* | Performance Food Group Co. | 13,614 | 820 |
* | BJ's Wholesale Club Holdings Inc. | 10,590 | 667 |
* | Celsius Holdings Inc. | 4,100 | 612 |
* | Olaplex Holdings Inc. | 150,800 | 561 |
* | US Foods Holding Corp. | 12,242 | 539 |
* | Kenvue Inc. | 12,400 | 328 |
SpartanNash Co. | 11,500 | 259 | |
* | Sovos Brands Inc. | 10,100 | 198 |
Reynolds Consumer Products Inc. | 6,500 | 184 | |
McCormick & Co. Inc. | 1,800 | 157 | |
* | Vita Coco Co. Inc. | 4,600 | 124 |
915,999 | |||
Energy (3.6%) | |||
Exxon Mobil Corp. | 1,188,051 | 127,418 | |
Chevron Corp. | 624,336 | 98,239 | |
Marathon Petroleum Corp. | 336,624 | 39,250 | |
ConocoPhillips | 291,746 | 30,228 | |
EOG Resources Inc. | 254,525 | 29,128 | |
Valero Energy Corp. | 209,324 | 24,554 | |
Phillips 66 | 198,098 | 18,895 | |
Targa Resources Corp. | 142,700 | 10,860 | |
Baker Hughes Co. Class A | 304,356 | 9,621 | |
Cheniere Energy Inc. | 62,800 | 9,568 |
Shares | Market Value ($000) | ||
Hess Corp. | 50,900 | 6,920 | |
* | Southwestern Energy Co. | 1,029,000 | 6,184 |
Range Resources Corp. | 183,900 | 5,407 | |
Schlumberger NV | 83,251 | 4,089 | |
Halliburton Co. | 116,990 | 3,860 | |
Marathon Oil Corp. | 160,214 | 3,688 | |
* | Transocean Ltd. (XNYS) | 403,900 | 2,831 |
Equitrans Midstream Corp. | 266,400 | 2,547 | |
ONEOK Inc. | 38,200 | 2,358 | |
1 | Comstock Resources Inc. | 126,400 | 1,466 |
Williams Cos. Inc. | 29,700 | 969 | |
*,1 | Tellurian Inc. | 654,700 | 923 |
Occidental Petroleum Corp. | 15,600 | 917 | |
* | Denbury Inc. | 7,900 | 681 |
SM Energy Co. | 20,700 | 655 | |
Golar LNG Ltd. | 26,200 | 528 | |
* | Par Pacific Holdings Inc. | 19,000 | 506 |
* | Oceaneering International Inc. | 26,498 | 496 |
NOV Inc. | 26,200 | 420 | |
Kinder Morgan Inc. | 23,400 | 403 | |
Scorpio Tankers Inc. | 8,000 | 378 | |
Texas Pacific Land Corp. | 213 | 280 | |
PBF Energy Inc. Class A | 5,200 | 213 | |
Murphy Oil Corp. | 5,200 | 199 | |
* | Teekay Corp. | 30,400 | 184 |
DHT Holdings Inc. | 20,500 | 175 | |
Patterson-UTI Energy Inc. | 13,400 | 160 | |
* | US Silica Holdings Inc. | 12,000 | 146 |
ChampionX Corp. | 3,100 | 96 | |
*,1 | Gevo Inc. | 58,800 | 89 |
SFL Corp. Ltd. | 8,700 | 81 | |
* | Diamond Offshore Drilling Inc. | 5,300 | 76 |
* | NexTier Oilfield Solutions Inc. | 3,800 | 34 |
* | CNX Resources Corp. | 900 | 16 |
445,736 | |||
Financials (11.6%) | |||
* | Berkshire Hathaway Inc. Class B | 564,254 | 192,411 |
Visa Inc. Class A | 654,980 | 155,545 | |
Mastercard Inc. Class A | 290,756 | 114,354 | |
JPMorgan Chase & Co. | 595,772 | 86,649 | |
* | PayPal Holdings Inc. | 960,622 | 64,102 |
American Express Co. | 356,803 | 62,155 | |
Bank of America Corp. | 1,860,126 | 53,367 | |
CME Group Inc. | 285,162 | 52,838 | |
Chubb Ltd. | 252,100 | 48,544 | |
American International Group Inc. | 716,816 | 41,246 | |
Everest Re Group Ltd. | 102,733 | 35,120 | |
Wells Fargo & Co. | 688,062 | 29,366 | |
Discover Financial Services | 248,630 | 29,052 | |
Loews Corp. | 488,548 | 29,010 | |
W R Berkley Corp. | 481,121 | 28,656 | |
Citigroup Inc. | 596,881 | 27,480 | |
Ameriprise Financial Inc. | 76,474 | 25,402 | |
Progressive Corp. | 187,496 | 24,819 | |
Synchrony Financial | 648,954 | 22,013 | |
MetLife Inc. | 378,347 | 21,388 | |
* | Arch Capital Group Ltd. | 233,841 | 17,503 |
Cboe Global Markets Inc. | 125,795 | 17,361 |
Shares | Market Value ($000) | ||
Marsh & McLennan Cos. Inc. | 88,760 | 16,694 | |
Bank of New York Mellon Corp. | 342,836 | 15,263 | |
* | Fiserv Inc. | 120,966 | 15,260 |
Hartford Financial Services Group Inc. | 200,170 | 14,416 | |
Moody's Corp. | 37,233 | 12,947 | |
Allstate Corp. | 118,134 | 12,881 | |
Fidelity National Information Services Inc. | 205,004 | 11,214 | |
Charles Schwab Corp. | 154,626 | 8,764 | |
Travelers Cos. Inc. | 49,830 | 8,653 | |
* | FleetCor Technologies Inc. | 33,850 | 8,499 |
PNC Financial Services Group Inc. | 64,500 | 8,124 | |
Affiliated Managers Group Inc. | 50,910 | 7,631 | |
MarketAxess Holdings Inc. | 28,638 | 7,487 | |
State Street Corp. | 101,282 | 7,412 | |
Morgan Stanley | 73,400 | 6,268 | |
Globe Life Inc. | 55,118 | 6,042 | |
MSCI Inc. Class A | 12,600 | 5,913 | |
Intercontinental Exchange Inc. | 46,565 | 5,266 | |
Cincinnati Financial Corp. | 47,620 | 4,634 | |
LPL Financial Holdings Inc. | 20,600 | 4,479 | |
Assurant Inc. | 33,799 | 4,249 | |
Lincoln National Corp. | 151,700 | 3,908 | |
* | NU Holdings Ltd. | 472,600 | 3,729 |
Virtu Financial Inc. Class A | 188,100 | 3,215 | |
Truist Financial Corp. | 102,300 | 3,105 | |
BlackRock Inc. | 4,472 | 3,091 | |
* | StoneCo. Ltd. Class A | 223,700 | 2,850 |
Regions Financial Corp. | 141,263 | 2,517 | |
* | Flywire Corp. | 80,000 | 2,483 |
Comerica Inc. | 58,247 | 2,467 | |
Western Union Co. | 200,400 | 2,351 | |
First Horizon Corp. | 206,200 | 2,324 | |
Nasdaq Inc. | 45,600 | 2,273 | |
Invesco Ltd. | 121,100 | 2,036 | |
Zions Bancorp NA | 70,010 | 1,880 | |
Prudential Financial Inc. | 20,120 | 1,775 | |
Arthur J Gallagher & Co. | 6,700 | 1,471 | |
Fifth Third Bancorp | 56,100 | 1,470 | |
Rithm Capital Corp. | 140,300 | 1,312 | |
1 | FS KKR Capital Corp. | 67,040 | 1,286 |
* | Ryan Specialty Holdings Inc. Class A | 22,900 | 1,028 |
Northern Trust Corp. | 11,900 | 882 | |
* | Payoneer Global Inc. | 161,200 | 775 |
Raymond James Financial Inc. | 7,300 | 758 | |
Franklin Resources Inc. | 27,424 | 732 | |
Burford Capital Ltd. | 59,401 | 723 | |
* | Encore Capital Group Inc. | 14,800 | 720 |
Aflac Inc. | 8,900 | 621 | |
SLM Corp. | 36,500 | 596 | |
* | Marqeta Inc. Class A | 121,400 | 591 |
Citizens Financial Group Inc. | 21,907 | 571 | |
* | AvidXchange Holdings Inc. | 54,099 | 562 |
American Equity Investment Life Holding Co. | 10,600 | 552 | |
Unum Group | 10,900 | 520 | |
American Financial Group Inc. | 4,200 | 499 | |
Aon plc Class A (XNYS) | 1,300 | 449 | |
AGNC Investment Corp. | 35,900 | 364 | |
Ally Financial Inc. | 13,100 | 354 |
Shares | Market Value ($000) | ||
Mercury General Corp. | 11,400 | 345 | |
* | PagSeguro Digital Ltd. Class A | 34,300 | 324 |
Enact Holdings Inc. | 12,499 | 314 | |
Ladder Capital Corp. Class A | 26,600 | 289 | |
Ares Management Corp. Class A | 2,800 | 270 | |
* | Donnelley Financial Solutions Inc. | 5,612 | 255 |
* | LendingClub Corp. | 26,200 | 255 |
Two Harbors Investment Corp. | 15,240 | 212 | |
Granite Point Mortgage Trust Inc. | 39,200 | 208 | |
Reinsurance Group of America Inc. | 1,500 | 208 | |
Houlihan Lokey Inc. Class A | 2,100 | 206 | |
MGIC Investment Corp. | 13,000 | 205 | |
Live Oak Bancshares Inc. | 7,400 | 195 | |
* | Brighthouse Financial Inc. | 4,100 | 194 |
Equitable Holdings Inc. | 7,100 | 193 | |
Kinsale Capital Group Inc. | 500 | 187 | |
Federated Hermes Inc. | 4,900 | 176 | |
1 | TCG BDC Inc. | 11,400 | 166 |
Pathward Financial Inc. | 3,500 | 162 | |
1 | Invesco Mortgage Capital REIT | 13,900 | 159 |
Erie Indemnity Co. Class A | 709 | 149 | |
* | MBIA Inc. | 15,365 | 133 |
Hanmi Financial Corp. | 8,300 | 124 | |
Jefferies Financial Group Inc. | 3,500 | 116 | |
First Foundation Inc. | 28,600 | 114 | |
RLI Corp. | 800 | 109 | |
Stifel Financial Corp. | 1,800 | 107 | |
First Internet Bancorp | 7,048 | 105 | |
* | Green Dot Corp. Class A | 5,551 | 104 |
Berkshire Hills Bancorp Inc. | 4,500 | 93 | |
Eagle Bancorp Inc. | 4,413 | 93 | |
Central Pacific Financial Corp. | 5,800 | 91 | |
* | Repay Holdings Corp. Class A | 11,300 | 88 |
Bank of NT Butterfield & Son Ltd. | 2,998 | 82 | |
Sixth Street Specialty Lending Inc. | 4,410 | 82 | |
Victory Capital Holdings Inc. Class A | 2,400 | 76 | |
BOK Financial Corp. | 900 | 73 | |
* | PRA Group Inc. | 3,200 | 73 |
* | EZCorp. Inc. Class A | 7,800 | 65 |
Greenhill & Co. Inc. | 4,200 | 62 | |
Banc of California Inc. | 4,900 | 57 | |
HomeTrust Bancshares Inc. | 1,462 | 31 | |
* | Ocwen Financial Corp. | 151 | 5 |
1,433,872 | |||
Health Care (12.9%) | |||
UnitedHealth Group Inc. | 330,941 | 159,063 | |
Johnson & Johnson | 815,814 | 135,034 | |
Merck & Co. Inc. | 981,665 | 113,274 | |
Pfizer Inc. | 2,201,150 | 80,738 | |
Eli Lilly & Co. | 158,440 | 74,305 | |
* | Intuitive Surgical Inc. | 174,395 | 59,633 |
Gilead Sciences Inc. | 697,978 | 53,793 | |
* | Vertex Pharmaceuticals Inc. | 149,784 | 52,711 |
* | Centene Corp. | 703,178 | 47,429 |
Bristol-Myers Squibb Co. | 710,643 | 45,446 | |
AbbVie Inc. | 330,567 | 44,537 | |
Elevance Health Inc. | 95,899 | 42,607 | |
HCA Healthcare Inc. | 138,906 | 42,155 |
Shares | Market Value ($000) | ||
Amgen Inc. | 188,626 | 41,879 | |
* | IQVIA Holdings Inc. | 169,539 | 38,107 |
Stryker Corp. | 113,729 | 34,698 | |
Agilent Technologies Inc. | 276,649 | 33,267 | |
Thermo Fisher Scientific Inc. | 58,009 | 30,266 | |
CVS Health Corp. | 410,400 | 28,371 | |
McKesson Corp. | 61,032 | 26,080 | |
Cigna Group | 92,363 | 25,917 | |
* | Biogen Inc. | 90,188 | 25,690 |
Danaher Corp. | 105,200 | 25,248 | |
Becton Dickinson and Co. | 88,092 | 23,257 | |
AmerisourceBergen Corp. Class A | 116,007 | 22,323 | |
* | DexCom Inc. | 160,646 | 20,645 |
* | Edwards Lifesciences Corp. | 205,072 | 19,344 |
Abbott Laboratories | 146,728 | 15,996 | |
* | Align Technology Inc. | 44,496 | 15,736 |
* | Hologic Inc. | 191,215 | 15,483 |
* | Regeneron Pharmaceuticals Inc. | 19,154 | 13,763 |
* | Mettler-Toledo International Inc. | 9,848 | 12,917 |
* | Molina Healthcare Inc. | 41,370 | 12,462 |
Zoetis Inc. | 67,890 | 11,691 | |
Cardinal Health Inc. | 116,423 | 11,010 | |
Universal Health Services Inc. Class B | 66,475 | 10,488 | |
GE Healthcare Inc. | 105,868 | 8,601 | |
Baxter International Inc. | 186,900 | 8,515 | |
* | IDEXX Laboratories Inc. | 16,859 | 8,467 |
* | Boston Scientific Corp. | 140,493 | 7,599 |
* | Incyte Corp. | 106,560 | 6,633 |
West Pharmaceutical Services Inc. | 17,020 | 6,510 | |
Zimmer Biomet Holdings Inc. | 41,028 | 5,974 | |
* | ACADIA Pharmaceuticals Inc. | 243,700 | 5,837 |
* | BioMarin Pharmaceutical Inc. | 64,600 | 5,600 |
* | Bio-Rad Laboratories Inc. Class A | 12,740 | 4,830 |
DENTSPLY SIRONA Inc. | 104,783 | 4,193 | |
Medtronic plc | 44,286 | 3,902 | |
* | Inspire Medical Systems Inc. | 11,500 | 3,733 |
Humana Inc. | 7,946 | 3,553 | |
* | Alnylam Pharmaceuticals Inc. | 16,400 | 3,115 |
* | Medpace Holdings Inc. | 10,404 | 2,499 |
ResMed Inc. | 11,233 | 2,454 | |
* | Neogen Corp. | 106,100 | 2,308 |
* | Sarepta Therapeutics Inc. | 18,800 | 2,153 |
* | Elanco Animal Health Inc. (XNYS) | 200,300 | 2,015 |
* | Henry Schein Inc. | 24,701 | 2,003 |
* | Option Care Health Inc. | 60,600 | 1,969 |
* | Revance Therapeutics Inc. | 59,700 | 1,511 |
* | Veradigm Inc. | 110,300 | 1,390 |
Embecta Corp. | 62,100 | 1,341 | |
* | Catalent Inc. | 30,700 | 1,331 |
Laboratory Corp. of America Holdings | 5,268 | 1,271 | |
* | Myriad Genetics Inc. | 51,202 | 1,187 |
* | Nevro Corp. | 45,500 | 1,157 |
Viatris Inc. | 115,921 | 1,157 | |
* | Travere Thrapeutics Inc. | 69,400 | 1,066 |
* | Syneos Health Inc. | 23,954 | 1,009 |
* | Amylyx Pharmaceuticals Inc. | 46,500 | 1,003 |
* | iRhythm Technologies Inc. | 8,700 | 908 |
* | Intercept Pharmaceuticals Inc. | 77,588 | 858 |
Shares | Market Value ($000) | ||
* | DaVita Inc. | 7,775 | 781 |
* | Sage Therapeutics Inc. | 16,500 | 776 |
Organon & Co. | 36,927 | 768 | |
Alcon Inc. | 9,000 | 739 | |
* | Tandem Diabetes Care Inc. | 28,400 | 697 |
* | PTC Therapeutics Inc. | 14,700 | 598 |
* | TransMedics Group Inc. | 6,700 | 563 |
* | Amedisys Inc. | 6,100 | 558 |
Revvity Inc. | 4,613 | 548 | |
* | Pacific Biosciences of California Inc. | 40,300 | 536 |
* | QIAGEN NV | 11,100 | 500 |
* | Aurinia Pharmaceuticals Inc. | 51,363 | 497 |
* | Immunovant Inc. | 26,100 | 495 |
* | Owens & Minor Inc. | 23,900 | 455 |
Patterson Cos. Inc. | 13,600 | 452 | |
* | Zimvie Inc. | 37,648 | 423 |
* | Integra LifeSciences Holdings Corp. | 9,600 | 395 |
* | Quanterix Corp. | 17,200 | 388 |
* | Acadia Healthcare Co. Inc. | 4,700 | 374 |
* | Maravai LifeSciences Holdings Inc. Class A | 28,900 | 359 |
* | Shockwave Medical Inc. | 1,200 | 343 |
* | Community Health Systems Inc. | 72,800 | 320 |
* | Neurocrine Biosciences Inc. | 3,300 | 311 |
* | Natera Inc. | 6,100 | 297 |
* | OptimizeRx Corp. | 20,674 | 295 |
* | Corcept Therapeutics Inc. | 12,900 | 287 |
* | Atara Biotherapeutics Inc. | 172,100 | 277 |
* | Pediatrix Medical Group Inc. | 19,400 | 276 |
* | Hims & Hers Health Inc. | 27,200 | 256 |
* | Semler Scientific Inc. | 8,114 | 213 |
* | CareDx Inc. | 24,300 | 207 |
* | R1 RCM Inc. | 10,800 | 199 |
Bruker Corp. | 2,600 | 192 | |
* | Accuray Inc. | 47,200 | 183 |
Bio-Techne Corp. | 2,000 | 163 | |
* | Coherus Biosciences Inc. | 37,800 | 161 |
*,1 | OPKO Health Inc. | 66,700 | 145 |
* | Codexis Inc. | 50,500 | 141 |
* | LivaNova plc | 2,400 | 123 |
* | Fulcrum Therapeutics Inc. | 35,700 | 118 |
* | Lexicon Pharmaceuticals Inc. | 50,900 | 117 |
* | ADMA Biologics Inc. | 29,500 | 109 |
* | REVOLUTION Medicines Inc. | 4,000 | 107 |
* | MiMedx Group Inc. | 15,600 | 103 |
* | Ventyx Biosciences Inc. | 2,989 | 98 |
* | Allakos Inc. | 22,100 | 96 |
* | OmniAb Inc. | 18,600 | 94 |
* | Alkermes plc | 2,700 | 85 |
* | NanoString Technologies Inc. | 20,400 | 83 |
* | Fate Therapeutics Inc. | 16,800 | 80 |
* | Taro Pharmaceutical Industries Ltd. | 2,100 | 80 |
* | AngioDynamics Inc. | 7,101 | 74 |
* | Teladoc Health Inc. | 2,800 | 71 |
*,1 | Sharecare Inc. | 38,818 | 68 |
* | 10X Genomics Inc. | 1,200 | 67 |
* | Enhabit Inc. | 5,597 | 64 |
* | Paratek Pharmaceuticals Inc. | 28,500 | 63 |
* | Pliant Therapeutics Inc. | 3,384 | 61 |
Shares | Market Value ($000) | ||
* | C4 Therapeutics Inc. | 21,492 | 59 |
* | Sotera Health Co. | 2,800 | 53 |
* | Alphatec Holdings Inc. | 2,600 | 47 |
* | Karuna Therapeutics Inc. | 200 | 43 |
* | Stoke Therapeutics Inc. | 3,306 | 35 |
* | Joint Corp. | 2,500 | 34 |
* | ViewRay Inc. | 32,167 | 11 |
* | Avantor Inc. | 100 | 2 |
*,2 | Radius Health Inc. CVR | 17,800 | 1 |
*,3 | Scilex Holding Co. (Acquired 1/6/23, Cost $1) | 65 | — |
1,600,229 | |||
Industrials (9.7%) | |||
Caterpillar Inc. | 321,726 | 79,161 | |
Automatic Data Processing Inc. | 296,140 | 65,089 | |
PACCAR Inc. | 668,663 | 55,934 | |
WW Grainger Inc. | 68,295 | 53,857 | |
Deere & Co. | 130,582 | 52,911 | |
Textron Inc. | 577,679 | 39,068 | |
United Rentals Inc. | 86,668 | 38,599 | |
Lockheed Martin Corp. | 83,199 | 38,303 | |
Paychex Inc. | 341,910 | 38,249 | |
General Dynamics Corp. | 177,424 | 38,173 | |
Paycom Software Inc. | 107,707 | 34,600 | |
Fastenal Co. | 580,764 | 34,259 | |
Illinois Tool Works Inc. | 121,924 | 30,501 | |
Otis Worldwide Corp. | 334,607 | 29,783 | |
Trane Technologies plc | 144,939 | 27,721 | |
* | Delta Air Lines Inc. | 577,811 | 27,469 |
Republic Services Inc. Class A | 171,638 | 26,290 | |
Cintas Corp. | 49,830 | 24,769 | |
* | United Airlines Holdings Inc. | 445,084 | 24,422 |
United Parcel Service Inc. Class B (XNYS) | 134,385 | 24,089 | |
Eaton Corp. plc | 111,863 | 22,496 | |
* | Alaska Air Group Inc. | 389,889 | 20,734 |
* | American Airlines Group Inc. | 1,134,669 | 20,356 |
Xylem Inc. | 177,200 | 19,956 | |
Parker-Hannifin Corp. | 50,367 | 19,645 | |
Fortive Corp. | 251,185 | 18,781 | |
AMETEK Inc. | 110,094 | 17,822 | |
Johnson Controls International plc | 258,460 | 17,611 | |
Union Pacific Corp. | 77,300 | 15,817 | |
A O Smith Corp. | 182,400 | 13,275 | |
TransDigm Group Inc. | 13,806 | 12,345 | |
Verisk Analytics Inc. Class A | 53,961 | 12,197 | |
General Electric Co. | 107,600 | 11,820 | |
L3Harris Technologies Inc. | 60,000 | 11,746 | |
* | Uber Technologies Inc. | 268,600 | 11,595 |
Carrier Global Corp. | 230,402 | 11,453 | |
Waste Management Inc. | 65,110 | 11,291 | |
Honeywell International Inc. | 53,336 | 11,067 | |
Snap-on Inc. | 35,700 | 10,288 | |
IDEX Corp. | 47,725 | 10,273 | |
Emerson Electric Co. | 109,885 | 9,932 | |
* | Copart Inc. | 101,341 | 9,243 |
Allegion plc | 57,384 | 6,887 | |
* | Boeing Co. | 31,797 | 6,714 |
3M Co. | 64,230 | 6,429 | |
Southwest Airlines Co. | 154,260 | 5,586 |
Shares | Market Value ($000) | ||
Northrop Grumman Corp. | 10,800 | 4,923 | |
Ingersoll Rand Inc. (XYNS) | 60,700 | 3,967 | |
* | WillScot Mobile Mini Holdings Corp. | 76,000 | 3,632 |
Raytheon Technologies Corp. | 36,134 | 3,540 | |
Pentair plc | 45,400 | 2,933 | |
* | Fluor Corp. | 91,500 | 2,708 |
Copa Holdings SA Class A | 23,800 | 2,632 | |
Leidos Holdings Inc. | 28,100 | 2,486 | |
* | Masterbrand Inc. | 185,800 | 2,161 |
WESCO International Inc. | 11,000 | 1,970 | |
FedEx Corp. | 7,900 | 1,958 | |
* | Trex Co. Inc. | 28,501 | 1,869 |
Norfolk Southern Corp. | 7,000 | 1,587 | |
* | AerCap Holdings NV | 24,000 | 1,524 |
Advanced Drainage Systems Inc. | 13,360 | 1,520 | |
* | Array Technologies Inc. | 64,200 | 1,451 |
CH Robinson Worldwide Inc. | 14,800 | 1,396 | |
Dover Corp. | 8,900 | 1,314 | |
Wabash National Corp. | 41,400 | 1,061 | |
Waste Connections Inc. (XTSE) | 7,300 | 1,043 | |
* | Verra Mobility Corp. Class A | 52,700 | 1,039 |
Expeditors International of Washington Inc. | 8,200 | 993 | |
* | Parsons Corp. | 18,000 | 867 |
* | Legalzoom.com Inc. | 71,033 | 858 |
Jacobs Solutions Inc. | 6,800 | 808 | |
BWX Technologies Inc. | 11,200 | 802 | |
* | Upwork Inc. | 85,700 | 800 |
Masco Corp. | 13,913 | 798 | |
Sensata Technologies Holding plc | 15,500 | 697 | |
Hexcel Corp. | 9,100 | 692 | |
Fortune Brands Innovations Inc. | 9,600 | 691 | |
Allison Transmission Holdings Inc. | 11,600 | 655 | |
Pitney Bowes Inc. | 143,700 | 509 | |
REV Group Inc. | 37,700 | 500 | |
EMCOR Group Inc. | 2,700 | 499 | |
* | Enviri Corp. | 49,900 | 493 |
AECOM | 5,700 | 483 | |
* | Conduent Inc. | 141,400 | 481 |
Rockwell Automation Inc. | 1,300 | 428 | |
Equifax Inc. | 1,800 | 424 | |
Rollins Inc. | 9,800 | 420 | |
* | Triumph Group Inc. | 33,300 | 412 |
* | Middleby Corp. | 2,500 | 370 |
Shyft Group Inc. | 16,300 | 360 | |
Werner Enterprises Inc. | 8,000 | 353 | |
Air Lease Corp. Class A | 8,000 | 335 | |
* | Builders FirstSource Inc. | 2,300 | 313 |
* | PGT Innovations Inc. | 10,100 | 294 |
nVent Electric plc | 4,945 | 256 | |
Enerpac Tool Group Corp. Class A | 9,100 | 246 | |
* | Saia Inc. | 700 | 240 |
* | Kornit Digital Ltd. | 8,000 | 235 |
* | Atkore Inc. | 1,500 | 234 |
Schneider National Inc. Class B | 6,400 | 184 | |
*,1 | FuelCell Energy Inc. | 81,300 | 176 |
* | Ceridian HCM Holding Inc. | 2,600 | 174 |
Lennox International Inc. | 500 | 163 | |
Marten Transport Ltd. | 7,362 | 158 |
Shares | Market Value ($000) | ||
* | Great Lakes Dredge & Dock Corp. | 19,100 | 156 |
* | Stericycle Inc. | 3,300 | 153 |
Encore Wire Corp. | 800 | 149 | |
Triton International Ltd. | 1,700 | 142 | |
GrafTech International Ltd. | 24,142 | 122 | |
* | 3D Systems Corp. | 11,100 | 110 |
* | Fluence Energy Inc. | 3,700 | 99 |
* | Franklin Covey Co. | 1,897 | 83 |
Howmet Aerospace Inc. | 1,600 | 79 | |
HEICO Corp. | 428 | 76 | |
* | Babcock & Wilcox Enterprises Inc. | 11,900 | 70 |
Rush Enterprises Inc. Class A | 1,150 | 70 | |
* | Mercury Systems Inc. | 1,900 | 66 |
Covenant Logistics Group Inc. Class A | 1,400 | 61 | |
* | Northwest Pipe Co. | 1,800 | 54 |
* | IBEX Holdings Ltd. | 2,100 | 45 |
* | Quad/Graphics Inc. | 11,500 | 43 |
* | Lyft Inc. Class A | 3,400 | 33 |
Mueller Water Products Inc. Class A | 1,800 | 29 | |
1,194,361 | |||
Information Technology (28.4%) | |||
Apple Inc. | 4,687,643 | 909,262 | |
Microsoft Corp. | 2,558,984 | 871,436 | |
NVIDIA Corp. | 814,012 | 344,343 | |
Broadcom Inc. | 158,257 | 137,277 | |
Cisco Systems Inc. | 2,000,449 | 103,503 | |
Accenture plc Class A | 259,499 | 80,076 | |
* | Fortinet Inc. | 980,774 | 74,137 |
KLA Corp. | 137,381 | 66,633 | |
QUALCOMM Inc. | 519,100 | 61,794 | |
* | Adobe Inc. | 111,705 | 54,623 |
* | Cadence Design Systems Inc. | 228,354 | 53,554 |
Applied Materials Inc. | 367,844 | 53,168 | |
NXP Semiconductors NV | 254,486 | 52,088 | |
Texas Instruments Inc. | 284,316 | 51,183 | |
* | Synopsys Inc. | 114,169 | 49,710 |
Lam Research Corp. | 56,704 | 36,453 | |
* | ServiceNow Inc. | 64,807 | 36,420 |
* | Salesforce Inc. | 142,557 | 30,117 |
* | VeriSign Inc. | 132,266 | 29,888 |
* | Gartner Inc. | 82,905 | 29,042 |
* | Palo Alto Networks Inc. | 111,120 | 28,392 |
Microchip Technology Inc. | 285,109 | 25,543 | |
Cognizant Technology Solutions Corp. Class A | 338,478 | 22,096 | |
* | ON Semiconductor Corp. | 215,700 | 20,401 |
HP Inc. | 595,014 | 18,273 | |
Intel Corp. | 498,696 | 16,676 | |
* | ANSYS Inc. | 50,490 | 16,675 |
International Business Machines Corp. | 103,702 | 13,876 | |
Roper Technologies Inc. | 28,377 | 13,644 | |
Vontier Corp. | 403,000 | 12,981 | |
* | Autodesk Inc. | 57,900 | 11,847 |
NetApp Inc. | 149,893 | 11,452 | |
CDW Corp. | 53,304 | 9,781 | |
* | Akamai Technologies Inc. | 98,543 | 8,856 |
Juniper Networks Inc. | 261,385 | 8,189 | |
* | DocuSign Inc. Class A | 153,300 | 7,832 |
Oracle Corp. | 60,780 | 7,238 |
Shares | Market Value ($000) | ||
Hewlett Packard Enterprise Co. | 385,749 | 6,481 | |
Motorola Solutions Inc. | 21,655 | 6,351 | |
* | Lattice Semiconductor Corp. | 63,900 | 6,139 |
* | Keysight Technologies Inc. | 35,285 | 5,908 |
Teradyne Inc. | 52,899 | 5,889 | |
* | Western Digital Corp. | 149,367 | 5,666 |
InterDigital Inc. | 49,267 | 4,757 | |
* | Qorvo Inc. | 45,600 | 4,653 |
* | Check Point Software Technologies Ltd. | 36,800 | 4,623 |
* | Flex Ltd. | 164,200 | 4,539 |
* | Fair Isaac Corp. | 5,600 | 4,532 |
Amdocs Ltd. | 43,600 | 4,310 | |
Gen Digital Inc. (XNGS) | 214,999 | 3,988 | |
Amphenol Corp. Class A | 39,000 | 3,313 | |
* | Pure Storage Inc. Class A | 89,600 | 3,299 |
* | Dynatrace Inc. | 62,100 | 3,196 |
* | Arista Networks Inc. | 19,392 | 3,143 |
Analog Devices Inc. | 14,400 | 2,805 | |
* | Kyndryl Holdings Inc. | 192,400 | 2,555 |
* | Palantir Technologies Inc. Class A | 151,149 | 2,317 |
* | Box Inc. Class A | 75,204 | 2,210 |
* | Canadian Solar Inc. | 51,800 | 2,004 |
Intuit Inc. | 4,180 | 1,915 | |
Corning Inc. | 53,000 | 1,857 | |
* | Nutanix Inc. Class A | 63,900 | 1,792 |
* | First Solar Inc. | 9,300 | 1,768 |
* | Enphase Energy Inc. | 10,500 | 1,759 |
* | EPAM Systems Inc. | 7,100 | 1,596 |
* | Varonis Systems Inc. Class B | 55,200 | 1,471 |
* | Trimble Inc. | 21,600 | 1,144 |
* | Workiva Inc. Class A | 10,500 | 1,067 |
* | Asana Inc. Class A | 45,500 | 1,003 |
* | Teradata Corp. | 17,900 | 956 |
* | Digital Turbine Inc. | 98,700 | 916 |
* | Infinera Corp. | 186,600 | 901 |
* | Appian Corp. Class A | 16,665 | 793 |
* | NetScout Systems Inc. | 23,900 | 740 |
* | Splunk Inc. | 6,700 | 711 |
* | Impinj Inc. | 7,600 | 681 |
TE Connectivity Ltd. | 4,800 | 673 | |
* | LiveRamp Holdings Inc. | 22,600 | 645 |
Ebix Inc. | 25,397 | 640 | |
* | New Relic Inc. | 9,700 | 635 |
* | DXC Technology Co. | 23,479 | 627 |
Seagate Technology Holdings plc | 9,300 | 575 | |
* | Rambus Inc. | 8,700 | 558 |
* | VMware Inc. Class A | 3,700 | 532 |
* | ACI Worldwide Inc. | 21,400 | 496 |
* | Q2 Holdings Inc. | 15,600 | 482 |
* | MaxLinear Inc. | 14,700 | 464 |
* | HubSpot Inc. | 800 | 426 |
* | Photronics Inc. | 14,830 | 382 |
* | Yext Inc. | 30,900 | 350 |
* | TTM Technologies Inc. | 24,500 | 341 |
* | Dropbox Inc. Class A | 12,600 | 336 |
* | MACOM Technology Solutions Holdings Inc. Class H | 4,335 | 284 |
Badger Meter Inc. | 1,900 | 280 | |
* | Cognyte Software Ltd. | 41,900 | 255 |
Shares | Market Value ($000) | ||
*,1 | Maxeon Solar Technologies Ltd. | 9,000 | 253 |
* | Semtech Corp. | 9,400 | 239 |
* | Celestica Inc. | 16,300 | 236 |
* | Everbridge Inc. | 8,700 | 234 |
* | Smartsheet Inc. Class A | 5,800 | 222 |
* | Silicon Laboratories Inc. | 1,400 | 221 |
* | PDF Solutions Inc. | 4,800 | 217 |
* | Rapid7 Inc. | 4,200 | 190 |
* | CommScope Holding Co. Inc. | 33,200 | 187 |
* | Grid Dynamics Holdings Inc. | 19,700 | 182 |
* | Extreme Networks Inc. | 6,700 | 175 |
* | Domo Inc. Class B | 11,800 | 173 |
* | Zeta Global Holdings Corp. | 20,023 | 171 |
* | Tower Semiconductor Ltd. | 4,300 | 161 |
1 | Ubiquiti Inc. | 800 | 141 |
Immersion Corp. | 18,600 | 132 | |
* | Upland Software Inc. | 36,100 | 130 |
* | Kopin Corp. | 58,064 | 125 |
* | Zuora Inc. Class A | 11,200 | 123 |
* | Arlo Technologies Inc. | 10,800 | 118 |
* | Model N Inc. | 3,200 | 113 |
* | Avid Technology Inc. | 4,400 | 112 |
* | SolarEdge Technologies Inc. | 400 | 108 |
* | Unisys Corp. | 25,679 | 102 |
AudioCodes Ltd. | 11,100 | 101 | |
* | LivePerson Inc. | 21,797 | 99 |
* | Freshworks Inc. Class A | 5,651 | 99 |
Clear Secure Inc. Class A | 4,200 | 97 | |
* | Expensify Inc. Class A | 12,200 | 97 |
* | Lightspeed Commerce Inc. | 5,228 | 88 |
* | Cerence Inc. | 2,988 | 87 |
* | Amplitude Inc. Class A | 7,100 | 78 |
* | Allegro MicroSystems Inc. | 1,600 | 72 |
* | Daktronics Inc. | 10,900 | 70 |
* | WM Technology Inc. | 78,764 | 66 |
* | Rimini Street Inc. | 13,052 | 63 |
* | Sanmina Corp. | 900 | 54 |
* | SecureWorks Corp. Class A | 5,050 | 37 |
* | Brightcove Inc. | 8,844 | 35 |
* | eGain Corp. | 303 | 2 |
* | Casa Systems Inc. | 842 | 1 |
3,506,399 | |||
Materials (1.5%) | |||
Linde plc | 81,418 | 31,027 | |
Steel Dynamics Inc. | 211,563 | 23,046 | |
CF Industries Holdings Inc. | 278,449 | 19,330 | |
LyondellBasell Industries NV Class A | 133,488 | 12,258 | |
Air Products and Chemicals Inc. | 38,716 | 11,597 | |
Nucor Corp. | 70,295 | 11,527 | |
Newmont Corp. | 268,700 | 11,463 | |
Dow Inc. | 215,100 | 11,456 | |
Westrock Co. | 343,354 | 9,981 | |
Corteva Inc. | 102,800 | 5,890 | |
PPG Industries Inc. | 35,685 | 5,292 | |
Nutrien Ltd. | 87,400 | 5,161 | |
Packaging Corp. of America | 34,474 | 4,556 | |
Freeport-McMoRan Inc. | 64,100 | 2,564 | |
Mosaic Co. | 63,700 | 2,230 |
Shares | Market Value ($000) | ||
Martin Marietta Materials Inc. | 3,953 | 1,825 | |
Ecolab Inc. | 9,459 | 1,766 | |
Sherwin-Williams Co. | 5,800 | 1,540 | |
* | ATI Inc. | 32,699 | 1,446 |
DuPont de Nemours Inc. | 18,800 | 1,343 | |
Wheaton Precious Metals Corp. | 27,500 | 1,189 | |
United States Steel Corp. | 42,600 | 1,065 | |
Warrior Met Coal Inc. | 24,482 | 954 | |
Southern Copper Corp. | 11,800 | 847 | |
* | LSB Industries Inc. | 84,400 | 831 |
Sealed Air Corp. | 20,300 | 812 | |
Vulcan Materials Co. | 3,200 | 721 | |
Alamos Gold Inc. Class A | 48,000 | 572 | |
* | Summit Materials Inc. Class A | 13,700 | 519 |
* | Intrepid Potash Inc. | 21,610 | 490 |
* | Cleveland-Cliffs Inc. | 24,700 | 414 |
Graphic Packaging Holding Co. | 15,500 | 372 | |
* | Livent Corp. | 7,600 | 209 |
Orion Engineered Carbons SA | 9,300 | 197 | |
* | Alto Ingredients Inc. | 65,900 | 190 |
Barrick Gold Corp. (XTSE) | 9,207 | 156 | |
Tronox Holdings plc | 12,200 | 155 | |
Ashland Inc. | 1,700 | 148 | |
* | Century Aluminum Co. | 13,400 | 117 |
Hecla Mining Co. | 18,877 | 97 | |
SunCoke Energy Inc. | 11,039 | 87 | |
* | Ingevity Corp. | 1,400 | 81 |
* | Glatfelter Corp. | 20,300 | 61 |
* | Coeur Mining Inc. | 20,768 | 59 |
* | Arconic Corp. | 1,500 | 44 |
Valhi Inc. | 895 | 12 | |
185,697 | |||
Other (0.2%) | |||
SPDR S&P 500 ETF Trust | 46,400 | 20,568 | |
*,2 | Aduro Biotech Inc. CVR | 67 | — |
*,2 | Achillion Pharma CVR Alexion Pharmaceuticals Inc. | 400 | — |
*,2 | Strongbridge Biopharm CVR | 335 | — |
*,2 | GCI Liberty Inc. | 100 | — |
20,568 | |||
Real Estate (1.6%) | |||
Regency Centers Corp. | 471,956 | 29,153 | |
Host Hotels & Resorts Inc. | 1,723,092 | 29,000 | |
Federal Realty Investment Trust | 173,201 | 16,761 | |
Mid-America Apartment Communities Inc. | 102,025 | 15,493 | |
Public Storage | 50,039 | 14,605 | |
Crown Castle Inc. | 123,900 | 14,117 | |
SBA Communications Corp. Class A | 57,550 | 13,338 | |
* | CBRE Group Inc. Class A | 118,500 | 9,564 |
Weyerhaeuser Co. | 216,744 | 7,263 | |
Ventas Inc. | 150,553 | 7,117 | |
Prologis Inc. | 53,100 | 6,512 | |
Simon Property Group Inc. | 52,579 | 6,072 | |
Camden Property Trust | 36,800 | 4,006 | |
Healthpeak Properties Inc. | 176,900 | 3,556 | |
Invitation Homes Inc. | 91,680 | 3,154 | |
Equity Residential | 40,806 | 2,692 | |
* | CoStar Group Inc. | 23,200 | 2,065 |
Shares | Market Value ($000) | ||
Iron Mountain Inc. | 28,600 | 1,625 | |
Equinix Inc. | 2,017 | 1,581 | |
Apartment Income REIT Corp. | 30,200 | 1,090 | |
Kimco Realty Corp. | 39,628 | 781 | |
American Tower Corp. | 4,000 | 776 | |
Agree Realty Corp. | 11,600 | 759 | |
* | Anywhere Real Estate Inc. | 103,000 | 688 |
Newmark Group Inc. Class A | 104,600 | 651 | |
* | Veris Residential Inc. | 31,258 | 502 |
WP Carey Inc. | 7,100 | 480 | |
VICI Properties Inc. Class A | 14,900 | 468 | |
Brixmor Property Group Inc. | 13,200 | 290 | |
Phillips Edison & Co. Inc. | 6,900 | 235 | |
Park Hotels & Resorts Inc. | 16,100 | 206 | |
Industrial Logistics Properties Trust | 62,100 | 205 | |
Hersha Hospitality Trust Class A | 31,500 | 192 | |
STAG Industrial Inc. | 5,000 | 179 | |
Apartment Investment and Management Co. Class A | 18,800 | 160 | |
Retail Opportunity Investments Corp. | 11,300 | 153 | |
Essential Properties Realty Trust Inc. | 6,100 | 144 | |
Safehold Inc. | 6,000 | 142 | |
Macerich Co. | 10,400 | 117 | |
AvalonBay Communities Inc. | 600 | 114 | |
Innovative Industrial Properties Inc. | 1,100 | 80 | |
Essex Property Trust Inc. | 300 | 70 | |
Douglas Elliman Inc. | 26,565 | 59 | |
LXP Industrial Trust | 3,300 | 32 | |
Hudson Pacific Properties Inc. | 4,100 | 17 | |
*,1 | Five Point Holdings LLC Class A | 1,622 | 5 |
196,269 | |||
Utilities (1.3%) | |||
NiSource Inc. | 650,775 | 17,799 | |
AES Corp. | 808,800 | 16,766 | |
Evergy Inc. | 273,790 | 15,995 | |
Pinnacle West Capital Corp. | 170,631 | 13,900 | |
Dominion Energy Inc. | 261,500 | 13,543 | |
Consolidated Edison Inc. | 139,059 | 12,571 | |
American Electric Power Co. Inc. | 141,765 | 11,937 | |
Duke Energy Corp. | 113,200 | 10,159 | |
Xcel Energy Inc. | 148,874 | 9,255 | |
Public Service Enterprise Group Inc. | 144,794 | 9,065 | |
PPL Corp. | 165,621 | 4,382 | |
DTE Energy Co. | 36,800 | 4,049 | |
Constellation Energy Corp. | 43,149 | 3,950 | |
Sempra Energy (XNYS) | 15,340 | 2,233 | |
* | PG&E Corp. | 121,600 | 2,101 |
Entergy Corp. | 21,400 | 2,084 | |
CenterPoint Energy Inc. | 70,600 | 2,058 | |
Alliant Energy Corp. | 38,100 | 1,999 | |
NextEra Energy Inc. | 20,647 | 1,532 | |
Exelon Corp. | 26,700 | 1,088 | |
Eversource Energy | 13,000 | 922 | |
FirstEnergy Corp. | 22,600 | 879 | |
WEC Energy Group Inc. | 9,050 | 799 | |
PNM Resources Inc. | 4,111 | 185 | |
Clearway Energy Inc. Class C | 4,900 | 140 | |
* | Montauk Renewables Inc. | 14,873 | 111 |
Shares | Market Value ($000) | ||
Edison International | 1,100 | 76 | |
159,578 | |||
Total Common Stocks (Cost $8,093,993) | 11,942,816 | ||
Temporary Cash Investments (3.1%) | |||
Money Market Fund (3.1%) | |||
4,5 | Vanguard Market Liquidity Fund, 5.150% (Cost $379,238) | 3,793,744 | 379,298 |
Total Investments (99.8%) (Cost $8,473,231) | 12,322,114 | ||
Other Assets and Liabilities—Net (0.2%) | 22,255 | ||
Net Assets (100%) | 12,344,369 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $3,346,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Restricted securities totaling $0, representing 0.0% of net assets. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $3,888,000 was received for securities on loan. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | September 2023 | 1,732 | 388,682 | 11,361 |
A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund’s pricing time but after the close of the securities’ primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees. Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.
B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objective of maintaining full exposure to the stock market while maintaining liquidity. The fund may purchase or sell futures contracts to achieve a desired level of investment, whether to accommodate portfolio turnover or cash flows from capital share transactions. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The
clearinghouse imposes initial margin requirements to secure the fund’s performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.
Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).
C. Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.
Level 1—Quoted prices in active markets for identical securities.
Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3—Significant unobservable inputs (including the fund’s own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.
The following table summarizes the market value of the fund’s investments and derivatives as of June 30, 2023, based on the inputs used to value them:
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 11,942,815 | — | 1 | 11,942,816 |
Temporary Cash Investments | 379,298 | — | — | 379,298 |
Total | 12,322,113 | — | 1 | 12,322,114 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 11,361 | — | — | 11,361 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. |