DIVERSIFIED VALUE PORTFOLIO

Fund Profile

Fund profile

Fund manager

Vanguard Variable Insurance Funds

Total assets

$1.36 bn

Liabilities

$1.52 mm

Net assets

$1.36 bn

Number of holdings

125.00

125 Holdings

As of Dec 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Vanguard Market Liquidity Fund	66.88 mm	66.88 mm shares	4.92	Short-term investment vehicle	Long	USA
MSFT Microsoft Corporation	66.10 mm	156.82 k shares	4.86	Common equity	Long	USA
AMZN Amazon.com, Inc.	65.72 mm	299.58 k shares	4.83	Common equity	Long	USA
AAPL Apple Inc.	47.82 mm	190.96 k shares	3.51	Common equity	Long	USA
GOOG Alphabet Inc.	47.29 mm	249.79 k shares	3.48	Common equity	Long	USA
BAC Bank of America Corporation	32.27 mm	734.23 k shares	2.37	Common equity	Long	USA
V Visa Inc.	29.76 mm	94.16 k shares	2.19	Common equity	Long	USA
Intercontinental Exchange, Inc.	25.55 mm	171.45 k shares	1.88	Common equity	Long	USA
MDT Medtronic plc	21.73 mm	272.08 k shares	1.60	Common equity	Long	USA
FFIV F5, Inc.	21.63 mm	86.00 k shares	1.59	Common equity	Long	USA
UNH UnitedHealth Group Incorporated	21.58 mm	42.66 k shares	1.59	Common equity	Long	USA
Broadcom Pte. Ltd.	21.07 mm	90.88 k shares	1.55	Common equity	Long	USA
C Citigroup Inc.	21.02 mm	298.60 k shares	1.54	Common equity	Long	USA
XOM Exxon Mobil Corporation	18.75 mm	174.28 k shares	1.38	Common equity	Long	USA
WDAY Workday, Inc.	17.93 mm	69.50 k shares	1.32	Common equity	Long	USA
COP ConocoPhillips	17.77 mm	179.15 k shares	1.31	Common equity	Long	USA
ERICSSON LM-ADR	17.08 mm	2.12 mm shares	1.26	Common equity	Long	USA
APA APA Corporation	16.75 mm	725.42 k shares	1.23	Common equity	Long	USA
WFC Wells Fargo & Company	15.90 mm	226.33 k shares	1.17	Common equity	Long	USA
BA The Boeing Company	15.73 mm	88.85 k shares	1.16	Common equity	Long	USA
ACN Accenture plc	14.97 mm	42.55 k shares	1.10	Common equity	Long	USA
MRVL Marvell Technology, Inc.	14.71 mm	133.22 k shares	1.08	Common equity	Long	USA
APH Amphenol Corporation	14.71 mm	211.82 k shares	1.08	Common equity	Long	USA
PLD Prologis, Inc.	13.65 mm	129.12 k shares	1.00	Common equity	Long	USA
WM Waste Management, Inc.	13.61 mm	67.46 k shares	1.00	Common equity	Long	USA
MMC Marsh & McLennan Companies, Inc.	13.26 mm	62.41 k shares	0.97	Common equity	Long	USA
NSC Norfolk Southern Corporation	13.13 mm	55.94 k shares	0.97	Common equity	Long	USA
ELV Elevance Health Inc.	13.02 mm	35.28 k shares	0.96	Common equity	Long	USA
BSX Boston Scientific Corporation	12.76 mm	142.82 k shares	0.94	Common equity	Long	USA
CMCSA Comcast Corporation	12.49 mm	332.77 k shares	0.92	Common equity	Long	USA
ADI Analog Devices, Inc.	12.34 mm	58.07 k shares	0.91	Common equity	Long	USA
CVS CVS Health Corporation	12.03 mm	268.00 k shares	0.88	Common equity	Long	USA
GM General Motors Company	11.79 mm	221.28 k shares	0.87	Common equity	Long	USA
MCD McDonald's Corporation	11.77 mm	40.59 k shares	0.86	Common equity	Long	USA
KO The Coca-Cola Company	11.64 mm	186.96 k shares	0.86	Common equity	Long	USA
DHR Danaher Corporation	11.60 mm	50.54 k shares	0.85	Common equity	Long	USA
TMO Thermo Fisher Scientific Inc.	11.59 mm	22.28 k shares	0.85	Common equity	Long	USA
FDX FedEx Corporation	11.52 mm	40.93 k shares	0.85	Common equity	Long	USA
BX Blackstone Inc.	11.29 mm	65.45 k shares	0.83	Common equity	Long	USA
PG The Procter & Gamble Company	11.27 mm	67.20 k shares	0.83	Common equity	Long	USA
HD The Home Depot, Inc.	11.22 mm	28.84 k shares	0.82	Common equity	Long	USA
AIG American International Group, Inc.	11.09 mm	152.40 k shares	0.82	Common equity	Long	USA
D Dominion Energy, Inc.	10.83 mm	201.10 k shares	0.80	Common equity	Long	USA
SHELL PLC-ADR	10.80 mm	172.34 k shares	0.79	Common equity	Long	USA
STT State Street Corporation	10.76 mm	109.61 k shares	0.79	Common equity	Long	USA
LLY Eli Lilly and Company	10.71 mm	13.88 k shares	0.79	Common equity	Long	USA
SCHW The Charles Schwab Corporation	10.64 mm	143.76 k shares	0.78	Common equity	Long	USA
KRFT Kraft Foods Group, Inc.	10.59 mm	344.90 k shares	0.78	Common equity	Long	USA
MGA Magna International Inc.	10.43 mm	249.48 k shares	0.77	Common equity	Long	USA
AXP American Express Company	10.35 mm	34.87 k shares	0.76	Common equity	Long	USA
AMAT Applied Materials, Inc.	10.04 mm	61.72 k shares	0.74	Common equity	Long	USA
PPL PPL Corporation	9.86 mm	303.65 k shares	0.72	Common equity	Long	USA
USB U.S. Bancorp	9.55 mm	199.60 k shares	0.70	Common equity	Long	USA
NOV NOV Inc.	9.41 mm	644.32 k shares	0.69	Common equity	Long	USA
CMI Cummins Inc.	9.29 mm	26.65 k shares	0.68	Common equity	Long	USA
GEHC GE HealthCare Technologies Inc.	9.27 mm	118.62 k shares	0.68	Common equity	Long	USA
FIS Fidelity National Information Services, Inc.	9.01 mm	111.50 k shares	0.66	Common equity	Long	USA
CFG Citizens Financial Group, Inc.	8.68 mm	198.26 k shares	0.64	Common equity	Long	USA
AMD Advanced Micro Devices, Inc.	8.27 mm	68.44 k shares	0.61	Common equity	Long	USA
CBRE CBRE Group, Inc.	8.18 mm	62.31 k shares	0.60	Common equity	Long	USA
CB Chubb Limited	8.13 mm	29.42 k shares	0.60	Common equity	Long	USA
AVY Avery Dennison Corporation	8.02 mm	42.84 k shares	0.59	Common equity	Long	USA
BHI BAKER HUGHES a GE Co LLC	7.99 mm	194.70 k shares	0.59	Common equity	Long	USA
ROK Rockwell Automation, Inc.	7.57 mm	26.49 k shares	0.56	Common equity	Long	USA
HIG The Hartford Financial Services Group, Inc.	7.42 mm	67.80 k shares	0.55	Common equity	Long	USA
NDSN Nordson Corporation	7.40 mm	35.38 k shares	0.54	Common equity	Long	USA
GS The Goldman Sachs Group, Inc.	7.40 mm	12.92 k shares	0.54	Common equity	Long	USA
J Jacobs Engineering Group Inc.	7.38 mm	55.26 k shares	0.54	Common equity	Long	USA
OVV Ovintiv Inc.	7.25 mm	179.00 k shares	0.53	Common equity	Long	USA
MRK Merck & Co., Inc.	7.13 mm	71.70 k shares	0.52	Common equity	Long	USA
HEI HEICO Corporation	7.13 mm	29.98 k shares	0.52	Common equity	Long	USA
RTX RTX Corporation	6.98 mm	60.30 k shares	0.51	Common equity	Long	USA
HON Honeywell International Inc.	6.98 mm	30.89 k shares	0.51	Common equity	Long	USA
KIOR Kior Inc	6.89 mm	89.73 k shares	0.51	Common equity	Long	USA
UNILEVER PLC-ADR	6.86 mm	120.99 k shares	0.50	Common equity	Long	USA
ZTS Zoetis Inc.	6.68 mm	41.00 k shares	0.49	Common equity	Long	USA
HUM Humana Inc.	6.27 mm	24.70 k shares	0.46	Common equity	Long	USA
APTV Aptiv PLC	6.16 mm	101.80 k shares	0.45	Common equity	Long	USA
MDLZ Mondelez International, Inc.	6.14 mm	102.79 k shares	0.45	Common equity	Long	USA
ODFL Old Dominion Freight Line, Inc.	6.10 mm	34.55 k shares	0.45	Common equity	Long	USA
OLN Olin Corporation	5.94 mm	175.80 k shares	0.44	Common equity	Long	USA
ADBE Adobe Inc.	5.88 mm	13.22 k shares	0.43	Common equity	Long	USA
CRBG Corebridge Financial, Inc.	5.84 mm	195.10 k shares	0.43	Common equity	Long	USA
CNH CNH Industrial N.V.	5.83 mm	514.63 k shares	0.43	Common equity	Long	USA
CNC Centene Corporation	5.73 mm	94.56 k shares	0.42	Common equity	Long	USA
WPP PLC-ADR	5.53 mm	107.50 k shares	0.41	Common equity	Long	USA
VRTX Vertex Pharmaceuticals Incorporated	5.51 mm	13.68 k shares	0.40	Common equity	Long	USA
PCAR PACCAR Inc	5.24 mm	50.38 k shares	0.39	Common equity	Long	USA
TEL TE Connectivity Ltd.	5.21 mm	36.46 k shares	0.38	Common equity	Long	USA
AME AMETEK, Inc.	4.97 mm	27.55 k shares	0.37	Common equity	Long	USA
IQV IQVIA Holdings Inc.	4.60 mm	23.40 k shares	0.34	Common equity	Long	USA
EFX Equifax Inc.	4.25 mm	16.68 k shares	0.31	Common equity	Long	USA
Cigna Holding Co	4.22 mm	15.30 k shares	0.31	Common equity	Long	USA
WBD Warner Bros. Discovery, Inc.	4.12 mm	389.58 k shares	0.30	Common equity	Long	USA
TFC Truist Financial Corporation	4.08 mm	94.10 k shares	0.30	Common equity	Long	USA
ANHEUSER-SPN ADR	3.99 mm	79.60 k shares	0.29	Common equity	Long	USA
HCA HCA Healthcare, Inc.	3.90 mm	13.00 k shares	0.29	Common equity	Long	USA
SBUX Starbucks Corporation	3.76 mm	41.23 k shares	0.28	Common equity	Long	USA
MU Micron Technology, Inc.	3.74 mm	44.46 k shares	0.28	Common equity	Long	USA
ZBH Zimmer Biomet Holdings, Inc.	3.61 mm	34.21 k shares	0.27	Common equity	Long	USA
COF Capital One Financial Corporation	3.46 mm	19.40 k shares	0.25	Common equity	Long	USA
CAG Conagra Brands, Inc.	3.40 mm	122.40 k shares	0.25	Common equity	Long	USA
INTC Intel Corporation	3.33 mm	166.32 k shares	0.25	Common equity	Long	USA
BF-A Brown-Forman Corporation	3.06 mm	80.62 k shares	0.23	Common equity	Long	USA
FCNCO First Citizens BancShares, Inc.	3.03 mm	1.43 k shares	0.22	Common equity	Long	USA
LH Laboratory Corporation of America Holdings	2.80 mm	12.20 k shares	0.21	Common equity	Long	USA
GSK PLC-ADR	2.77 mm	81.93 k shares	0.20	Common equity	Long	USA
DE Deere & Company	2.71 mm	6.40 k shares	0.20	Common equity	Long	USA
PARA Paramount Global	2.68 mm	256.50 k shares	0.20	Common equity	Long	USA
CVE Cenovus Energy Inc.	2.67 mm	176.50 k shares	0.20	Common equity	Long	USA
CTSH Cognizant Technology Solutions Corporation	2.65 mm	34.50 k shares	0.20	Common equity	Long	USA
LAD Lithia Motors, Inc.	2.64 mm	7.40 k shares	0.19	Common equity	Long	USA
BWA BorgWarner Inc.	2.64 mm	83.10 k shares	0.19	Common equity	Long	USA
SLB Schlumberger Limited	2.55 mm	66.50 k shares	0.19	Common equity	Long	USA
BKNG Booking Holdings Inc.	2.48 mm	500.00 shares	0.18	Common equity	Long	USA
SOLV Solventum Corporation	2.46 mm	37.30 k shares	0.18	Common equity	Long	USA
FLR Fluor Corporation	2.42 mm	49.05 k shares	0.18	Common equity	Long	USA
TKR The Timken Company	2.40 mm	33.60 k shares	0.18	Common equity	Long	USA
GD General Dynamics Corporation	2.35 mm	8.90 k shares	0.17	Common equity	Long	USA
SANOFI-ADR	2.30 mm	47.76 k shares	0.17	Common equity	Long	USA
OMC Omnicom Group Inc.	2.30 mm	26.69 k shares	0.17	Common equity	Long	USA
HAL Halliburton Company	2.08 mm	76.38 k shares	0.15	Common equity	Long	USA
MUR Murphy Oil Corporation	1.89 mm	62.54 k shares	0.14	Common equity	Long	USA
Vanguard Market Liquidity Fund	1.11 k	11.11 shares	0.00	Short-term investment vehicle	Long	USA
S&P500 EMINI FUT Mar25	-1.13 mm	130.00 contracts	-0.08	Equity derivative	N/A	N/A