VANGUARD TAX-MANAGED BALANCED FUND

Fund Profile

Fund profile

Tickers

VTMFX

Fund manager

Vanguard Tax Managed Small Cap Fund

Total assets

$10.38 bn

Liabilities

$30.53 mm

Net assets

$10.35 bn

Number of holdings

3.94 k

Top 200 of 3943 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
AAPL Apple Inc.	336.16 mm	1.34 mm shares	3.25	Common equity	Long	USA
MSFT Microsoft Corporation	294.71 mm	699.19 k shares	2.85	Common equity	Long	USA
NVDA NVIDIA Corporation	290.10 mm	2.16 mm shares	2.80	Common equity	Long	USA
AMZN Amazon.com, Inc.	187.60 mm	855.10 k shares	1.81	Common equity	Long	USA
META Meta Platforms, Inc.	126.50 mm	216.04 k shares	1.22	Common equity	Long	USA
GOOG Alphabet Inc.	101.07 mm	533.91 k shares	0.98	Common equity	Long	USA
TSLA Tesla, Inc.	96.47 mm	238.89 k shares	0.93	Common equity	Long	USA
GOOG Alphabet Inc.	96.23 mm	505.28 k shares	0.93	Common equity	Long	USA
Broadcom Pte. Ltd.	85.03 mm	366.74 k shares	0.82	Common equity	Long	USA
BRK-B Berkshire Hathaway Inc.	81.12 mm	178.96 k shares	0.78	Common equity	Long	USA
JPM JPMorgan Chase & Co.	68.91 mm	287.47 k shares	0.67	Common equity	Long	USA
LLY Eli Lilly and Company	64.97 mm	84.16 k shares	0.63	Common equity	Long	USA
V Visa Inc.	49.12 mm	155.43 k shares	0.47	Common equity	Long	USA
UNH UnitedHealth Group Incorporated	46.23 mm	91.40 k shares	0.45	Common equity	Long	USA
VANGUARD TAX-EXM	43.71 mm	872.00 k shares	0.42	Common equity	Long	USA
COST Costco Wholesale Corporation	43.53 mm	47.51 k shares	0.42	Common equity	Long	USA
MA Mastercard Incorporated	42.75 mm	81.19 k shares	0.41	Common equity	Long	USA
NFLX Netflix, Inc.	42.30 mm	47.46 k shares	0.41	Common equity	Long	USA
HD The Home Depot, Inc.	40.40 mm	103.87 k shares	0.39	Common equity	Long	USA
PG The Procter & Gamble Company	40.19 mm	239.70 k shares	0.39	Common equity	Long	USA
XOM Exxon Mobil Corporation	39.84 mm	370.33 k shares	0.38	Common equity	Long	USA
WMT Walmart Inc.	38.24 mm	423.20 k shares	0.37	Common equity	Long	USA
BAC Bank of America Corporation	33.77 mm	768.29 k shares	0.33	Common equity	Long	USA
CRM Salesforce, Inc.	28.05 mm	83.91 k shares	0.27	Common equity	Long	USA
ORCL Oracle Corporation	27.20 mm	163.21 k shares	0.26	Common equity	Long	USA
ABBV AbbVie Inc.	27.14 mm	152.73 k shares	0.26	Common equity	Long	USA
HILLSBOROUGH HLTH-E	26.34 mm	26.34 mm principal	0.25	Debt	Long	USA
MS BUS FIN-VAR-C-CHEV	26.11 mm	26.11 mm principal	0.25	Debt	Long	USA
JNJ Johnson & Johnson	24.86 mm	171.89 k shares	0.24	Common equity	Long	USA
MRK Merck & Co., Inc.	23.53 mm	236.52 k shares	0.23	Common equity	Long	USA
METROPOLITAN TRANSIT	23.11 mm	23.11 mm principal	0.22	Debt	Long	USA
KO The Coca-Cola Company	21.45 mm	344.60 k shares	0.21	Common equity	Long	USA
ADBE Adobe Inc.	21.12 mm	47.50 k shares	0.20	Common equity	Long	USA
TMO Thermo Fisher Scientific Inc.	21.06 mm	40.49 k shares	0.20	Common equity	Long	USA
WFC Wells Fargo & Company	21.01 mm	299.16 k shares	0.20	Common equity	Long	USA
NH H/E VAR-B-DARTMOUT	21.00 mm	21.00 mm principal	0.20	Debt	Long	USA
AMD Advanced Micro Devices, Inc.	20.71 mm	171.47 k shares	0.20	Common equity	Long	USA
ACN Accenture plc	20.68 mm	58.78 k shares	0.20	Common equity	Long	USA
CSCO Cisco Systems, Inc.	20.64 mm	348.68 k shares	0.20	Common equity	Long	USA
LIN Linde plc	20.46 mm	48.86 k shares	0.20	Common equity	Long	USA
PEP PepsiCo, Inc.	20.12 mm	132.30 k shares	0.19	Common equity	Long	USA
ISRG Intuitive Surgical, Inc.	20.08 mm	38.47 k shares	0.19	Common equity	Long	USA
CVX Chevron Corporation	19.60 mm	135.34 k shares	0.19	Common equity	Long	USA
NOW ServiceNow, Inc.	19.54 mm	18.43 k shares	0.19	Common equity	Long	USA
SPGI S&P Global Inc.	18.99 mm	38.14 k shares	0.18	Common equity	Long	USA
BKNG Booking Holdings Inc.	18.77 mm	3.78 k shares	0.18	Common equity	Long	USA
AXP American Express Company	18.76 mm	63.20 k shares	0.18	Common equity	Long	USA
LOW Lowe's Companies, Inc.	18.64 mm	75.51 k shares	0.18	Common equity	Long	USA
ABT Abbott Laboratories	18.57 mm	164.13 k shares	0.18	Common equity	Long	USA
MCD McDonald's Corporation	18.10 mm	62.44 k shares	0.17	Common equity	Long	USA
GS The Goldman Sachs Group, Inc.	18.09 mm	31.59 k shares	0.17	Common equity	Long	USA
MS Morgan Stanley	17.93 mm	142.64 k shares	0.17	Common equity	Long	USA
INTU Intuit Inc.	17.81 mm	28.35 k shares	0.17	Common equity	Long	USA
BLACK BELT ENERGY GAS	17.78 mm	16.93 mm principal	0.17	Debt	Long	USA
GE General Electric Company	17.68 mm	105.98 k shares	0.17	Common equity	Long	USA
TMUS T-Mobile US, Inc.	17.43 mm	78.98 k shares	0.17	Common equity	Long	USA
NYC MUNI WTR FIN-BB-2	16.93 mm	16.93 mm principal	0.16	Debt	Long	USA
CAT Caterpillar Inc.	16.82 mm	46.36 k shares	0.16	Common equity	Long	USA
QCOM QUALCOMM Incorporated	16.65 mm	108.41 k shares	0.16	Common equity	Long	USA
COP ConocoPhillips	16.46 mm	165.96 k shares	0.16	Common equity	Long	USA
PGR The Progressive Corporation	15.49 mm	64.65 k shares	0.15	Common equity	Long	USA
RESTRUCTURED-SER A-2	15.30 mm	15.51 mm principal	0.15	Debt	Long	USA
MAIN ST NAT GAS INC-B	15.02 mm	14.28 mm principal	0.15	Debt	Long	USA
DHR Danaher Corporation	14.99 mm	65.32 k shares	0.14	Common equity	Long	USA
ANET Arista Networks, Inc.	14.81 mm	134.02 k shares	0.14	Common equity	Long	USA
TXN Texas Instruments Incorporated	14.81 mm	78.99 k shares	0.14	Common equity	Long	USA
PLTR Palantir Technologies Inc.	14.78 mm	195.36 k shares	0.14	Common equity	Long	USA
AMAT Applied Materials, Inc.	14.75 mm	90.72 k shares	0.14	Common equity	Long	USA
NEE NextEra Energy, Inc.	14.32 mm	199.74 k shares	0.14	Common equity	Long	USA
UNP Union Pacific Corporation	14.24 mm	62.44 k shares	0.14	Common equity	Long	USA
HON Honeywell International Inc.	14.20 mm	62.88 k shares	0.14	Common equity	Long	USA
AMGN Amgen Inc.	13.90 mm	53.33 k shares	0.13	Common equity	Long	USA
DE Deere & Company	13.56 mm	32.00 k shares	0.13	Common equity	Long	USA
IBM International Business Machines Corporation	13.23 mm	60.20 k shares	0.13	Common equity	Long	USA
Walt Disney Co	13.11 mm	117.71 k shares	0.13	Common equity	Long	USA
BSX Boston Scientific Corporation	12.94 mm	144.84 k shares	0.12	Common equity	Long	USA
RTX RTX Corporation	12.93 mm	111.76 k shares	0.12	Common equity	Long	USA
TJX The TJX Companies, Inc.	12.88 mm	106.63 k shares	0.12	Common equity	Long	USA
JPM-PUTTERS-MIZ9131	12.80 mm	12.80 mm principal	0.12	Debt	Long	USA
BLACK BELT ENERGY-B	12.46 mm	11.82 mm principal	0.12	Debt	Long	USA
COF Capital One Financial Corporation	12.32 mm	69.09 k shares	0.12	Common equity	Long	USA
TENNERGY CORP -A	12.05 mm	11.49 mm principal	0.12	Debt	Long	USA
JPM-PUTTERS-MIZ9118	11.90 mm	11.90 mm principal	0.11	Debt	Long	USA
HWM Howmet Aerospace Inc.	11.50 mm	105.17 k shares	0.11	Common equity	Long	USA
CMCSA Comcast Corporation	11.46 mm	305.29 k shares	0.11	Common equity	Long	USA
TEXAS ST MUNI GAS ACQ	11.26 mm	10.58 mm principal	0.11	Debt	Long	USA
VRTX Vertex Pharmaceuticals Incorporated	11.17 mm	27.73 k shares	0.11	Common equity	Long	USA
NEW YORK ST DORM AUTH	11.14 mm	10.85 mm principal	0.11	Debt	Long	USA
MAIN STREET NATURAL-E	11.14 mm	10.56 mm principal	0.11	Debt	Long	USA
SYK Stryker Corporation	11.11 mm	30.85 k shares	0.11	Common equity	Long	USA
FI Fiserv, Inc.	11.08 mm	53.94 k shares	0.11	Common equity	Long	USA
CA CMNTY CHOICE-B	11.07 mm	10.50 mm principal	0.11	Debt	Long	USA
CB Chubb Limited	10.94 mm	39.60 k shares	0.11	Common equity	Long	USA
FREDDIE MAC-ML21	10.92 mm	10.98 mm principal	0.11	Debt	Long	USA
BLACKROCK INC	10.83 mm	10.56 k shares	0.10	Common equity	Long	USA
CENTRL PLAINS-A	10.79 mm	10.26 mm principal	0.10	Debt	Long	USA
Eaton Corp. Plc	10.77 mm	32.46 k shares	0.10	Common equity	Long	USA
MU Micron Technology, Inc.	10.76 mm	127.81 k shares	0.10	Common equity	Long	USA
CALIFORNIA CMNTYS-D	10.75 mm	10.00 mm principal	0.10	Debt	Long	USA
UBER Uber Technologies, Inc.	10.74 mm	178.11 k shares	0.10	Common equity	Long	USA
NRTHRN CA ENRGY	10.60 mm	10.05 mm principal	0.10	Debt	Long	USA
MMC Marsh & McLennan Companies, Inc.	10.58 mm	49.82 k shares	0.10	Common equity	Long	USA
LMT Lockheed Martin Corporation	10.44 mm	21.49 k shares	0.10	Common equity	Long	USA
HUDSON NY YARDS INFRA	10.31 mm	10.00 mm principal	0.10	Debt	Long	USA
Cigna Holding Co	10.30 mm	37.28 k shares	0.10	Common equity	Long	USA
PLD Prologis, Inc.	10.26 mm	97.07 k shares	0.10	Common equity	Long	USA
PANW Palo Alto Networks, Inc.	10.26 mm	56.37 k shares	0.10	Common equity	Long	USA
SOUTHEAST ENERGY AUTH	10.25 mm	9.73 mm principal	0.10	Debt	Long	USA
CDNS Cadence Design Systems, Inc.	10.16 mm	33.82 k shares	0.10	Common equity	Long	USA
SHW The Sherwin-Williams Company	10.12 mm	29.77 k shares	0.10	Common equity	Long	USA
CA CMNTY CHOICE FIN-H	10.11 mm	9.27 mm principal	0.10	Debt	Long	USA
AON Aon plc	9.96 mm	27.73 k shares	0.10	Common equity	Long	USA
CMG Chipotle Mexican Grill, Inc.	9.93 mm	164.60 k shares	0.10	Common equity	Long	USA
C Citigroup Inc.	9.69 mm	137.66 k shares	0.09	Common equity	Long	USA
SBUX Starbucks Corporation	9.61 mm	105.32 k shares	0.09	Common equity	Long	USA
ORLY O'Reilly Automotive, Inc.	9.61 mm	8.10 k shares	0.09	Common equity	Long	USA
AMT American Tower Corporation	9.60 mm	52.35 k shares	0.09	Common equity	Long	USA
GM General Motors Company	9.60 mm	180.24 k shares	0.09	Common equity	Long	USA
PWR Quanta Services, Inc.	9.51 mm	30.09 k shares	0.09	Common equity	Long	USA
LRCX Lam Research Corporation	9.50 mm	131.49 k shares	0.09	Common equity	Long	USA
TRIBOROUGH BRIDGE-C	9.30 mm	8.00 mm principal	0.09	Debt	Long	USA
MET TRANSP AUTH-E1	9.30 mm	9.30 mm principal	0.09	Debt	Long	USA
ADP Automatic Data Processing, Inc.	9.17 mm	31.33 k shares	0.09	Common equity	Long	USA
CEG Constellation Energy Corporation	9.16 mm	40.96 k shares	0.09	Common equity	Long	USA
EQIX Equinix, Inc.	9.14 mm	9.69 k shares	0.09	Common equity	Long	USA
APH Amphenol Corporation	9.11 mm	131.12 k shares	0.09	Common equity	Long	USA
GULF COAST INDL DEV	9.10 mm	9.10 mm principal	0.09	Debt	Long	USA
MO HLTH & EDU FACS-F	9.07 mm	9.07 mm principal	0.09	Debt	Long	USA
SCHW The Charles Schwab Corporation	9.07 mm	122.50 k shares	0.09	Common equity	Long	USA
GREENWOOD INDP SCH DI	9.05 mm	9.05 mm principal	0.09	Debt	Long	USA
KY PUB ENERGY AUTH-B-	9.00 mm	8.45 mm principal	0.09	Debt	Long	USA
MRVL Marvell Technology, Inc.	8.98 mm	81.30 k shares	0.09	Common equity	Long	USA
MCK McKesson Corporation	8.94 mm	15.70 k shares	0.09	Common equity	Long	USA
KENTUCKY ST PUBLIC EN	8.90 mm	8.88 mm principal	0.09	Debt	Long	USA
MDLZ Mondelez International, Inc.	8.85 mm	148.24 k shares	0.09	Common equity	Long	USA
NYC TRANSITIONAL FIN	8.85 mm	8.00 mm principal	0.09	Debt	Long	USA
KR The Kroger Co.	8.78 mm	143.59 k shares	0.08	Common equity	Long	USA
CA CMNTY CHOICE FING	8.73 mm	8.34 mm principal	0.08	Debt	Long	USA
GEV GE Vernova Inc.	8.71 mm	26.49 k shares	0.08	Common equity	Long	USA
VA ST-C-REF	8.64 mm	8.63 mm principal	0.08	Debt	Long	USA
BA The Boeing Company	8.64 mm	48.79 k shares	0.08	Common equity	Long	USA
GUILFORD CNTY NC	8.60 mm	8.57 mm principal	0.08	Debt	Long	USA
ZTS Zoetis Inc.	8.60 mm	52.77 k shares	0.08	Common equity	Long	USA
MAIN ST NAT GAS INC	8.59 mm	8.15 mm principal	0.08	Debt	Long	USA
ELV Elevance Health Inc.	8.57 mm	23.24 k shares	0.08	Common equity	Long	USA
URI United Rentals, Inc.	8.51 mm	12.07 k shares	0.08	Common equity	Long	USA
CA CMNTY CHOICE-SER G	8.47 mm	8.00 mm principal	0.08	Debt	Long	USA
KY PUB ENERGY-A	8.46 mm	8.10 mm principal	0.08	Debt	Long	USA
HCA HCA Healthcare, Inc.	8.39 mm	27.94 k shares	0.08	Common equity	Long	USA
SNPS Synopsys, Inc.	8.36 mm	17.23 k shares	0.08	Common equity	Long	USA
ACGL Arch Capital Group Ltd.	8.34 mm	90.34 k shares	0.08	Common equity	Long	USA
AME AMETEK, Inc.	8.29 mm	46.01 k shares	0.08	Common equity	Long	USA
IL FIN AUTH-B-REF	8.29 mm	8.29 mm principal	0.08	Debt	Long	USA
NYC MUNI WTR FIN-BB4	8.26 mm	8.26 mm principal	0.08	Debt	Long	USA
MICHIGAN ST BLDG AUTH	8.23 mm	8.00 mm principal	0.08	Debt	Long	USA
BLACK BELT-SER-C	8.21 mm	7.77 mm principal	0.08	Debt	Long	USA
STHRN CA PUB PWR-A	8.16 mm	7.73 mm principal	0.08	Debt	Long	USA
MN PUB FACS AUTH-A	8.16 mm	8.00 mm principal	0.08	Debt	Long	USA
CPRT Copart, Inc.	8.13 mm	141.65 k shares	0.08	Common equity	Long	USA
MAIN ST NAT GAS INC	8.11 mm	7.75 mm principal	0.08	Debt	Long	USA
SO The Southern Company	8.10 mm	98.42 k shares	0.08	Common equity	Long	USA
NY ST DORM AUTH-E-REF	8.08 mm	8.00 mm principal	0.08	Debt	Long	USA
MAIN ST NAT GAS-E-1	8.00 mm	7.58 mm principal	0.08	Debt	Long	USA
TDG TransDigm Group Incorporated	7.96 mm	6.29 k shares	0.08	Common equity	Long	USA
TT Trane Technologies plc	7.87 mm	21.31 k shares	0.08	Common equity	Long	USA
T AT&T Inc.	7.82 mm	343.40 k shares	0.08	Common equity	Long	USA
MCO Moody's Corporation	7.81 mm	16.50 k shares	0.08	Common equity	Long	USA
CTAS Cintas Corporation	7.81 mm	42.74 k shares	0.08	Common equity	Long	USA
CA CMNTY CHOICE-D	7.75 mm	7.33 mm principal	0.07	Debt	Long	USA
PYPL PayPal Holdings, Inc.	7.75 mm	90.79 k shares	0.07	Common equity	Long	USA
BLACK BELT ENERGY-D	7.73 mm	7.29 mm principal	0.07	Debt	Long	USA
MAR Marriott International, Inc.	7.71 mm	27.65 k shares	0.07	Common equity	Long	USA
RESTRUCTURED-SER A1	7.61 mm	7.73 mm principal	0.07	Debt	Long	USA
CBRE CBRE Group, Inc.	7.59 mm	57.85 k shares	0.07	Common equity	Long	USA
ROP Roper Technologies, Inc.	7.57 mm	14.57 k shares	0.07	Common equity	Long	USA
HLT Hilton Worldwide Holdings Inc.	7.52 mm	30.45 k shares	0.07	Common equity	Long	USA
EL PASO-A-REV	7.49 mm	7.00 mm principal	0.07	Debt	Long	USA
Intercontinental Exchange, Inc.	7.47 mm	50.13 k shares	0.07	Common equity	Long	USA
S E ALABAMA ST GAS SP	7.41 mm	7.00 mm principal	0.07	Debt	Long	USA
PM Philip Morris International Inc.	7.40 mm	61.46 k shares	0.07	Common equity	Long	USA
CLH Clean Harbors, Inc.	7.30 mm	31.70 k shares	0.07	Common equity	Long	USA
BLACK BELT ENRY GAS-A	7.30 mm	6.85 mm principal	0.07	Debt	Long	USA
WA HLTH CARE-B-REF	7.25 mm	6.99 mm principal	0.07	Debt	Long	USA
CO EDUCTNL-B5	7.20 mm	7.20 mm principal	0.07	Debt	Long	USA
JPM-PUTTERS-XM1090	7.20 mm	7.20 mm principal	0.07	Debt	Long	USA
REGN Regeneron Pharmaceuticals, Inc.	7.20 mm	10.10 k shares	0.07	Common equity	Long	USA
IRM Iron Mountain Incorporated	7.18 mm	68.34 k shares	0.07	Common equity	Long	USA
VST Vistra Corp.	7.17 mm	51.99 k shares	0.07	Common equity	Long	USA
ADI Analog Devices, Inc.	7.13 mm	33.55 k shares	0.07	Common equity	Long	USA
MSI Motorola Solutions, Inc.	7.11 mm	15.38 k shares	0.07	Common equity	Long	USA
DTE DTE Energy Company	7.09 mm	58.75 k shares	0.07	Common equity	Long	USA
RESTRUCTURED-SER A1	7.06 mm	6.63 mm principal	0.07	Debt	Long	USA
BLACK BELT ENERGY GAS	6.95 mm	6.71 mm principal	0.07	Debt	Long	USA
NYC W/S VAR-2ND-BB-2	6.90 mm	6.90 mm principal	0.07	Debt	Long	USA
MNST Monster Beverage Corporation	6.85 mm	130.25 k shares	0.07	Common equity	Long	USA
MAIN STREET NATURAL-C	6.84 mm	6.47 mm principal	0.07	Debt	Long	USA
LNG Cheniere Energy, Inc.	6.82 mm	31.75 k shares	0.07	Common equity	Long	USA
WM Waste Management, Inc.	6.79 mm	33.65 k shares	0.07	Common equity	Long	USA
CA INFRA & E DEV BK-B	6.77 mm	6.56 mm principal	0.07	Debt	Long	USA
KKR KKR & Co. Inc.	6.77 mm	45.78 k shares	0.07	Common equity	Long	USA