VANGUARD TAX-MANAGED BALANCED FUND

Fund Profile

Fund profile

Tickers

VTMFX

Fund manager

Vanguard Tax Managed Small Cap Fund

Total assets

$10.28 bn

Liabilities

$69.07 mm

Net assets

$10.21 bn

Number of holdings

3.88 k

Top 200 of 3878 Holdings

As of Sep 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
AAPL Apple Inc.	324.17 mm	1.39 mm shares	3.17	Common equity	Long	USA
MSFT Microsoft Corporation	305.55 mm	710.08 k shares	2.99	Common equity	Long	USA
NVDA NVIDIA Corporation	276.06 mm	2.27 mm shares	2.70	Common equity	Long	USA
AMZN Amazon.com, Inc.	162.70 mm	873.20 k shares	1.59	Common equity	Long	USA
META Meta Platforms, Inc.	123.67 mm	216.04 k shares	1.21	Common equity	Long	USA
GOOG Alphabet Inc.	91.91 mm	554.19 k shares	0.90	Common equity	Long	USA
GOOG Alphabet Inc.	84.48 mm	505.28 k shares	0.83	Common equity	Long	USA
BRK-B Berkshire Hathaway Inc.	82.37 mm	178.96 k shares	0.81	Common equity	Long	USA
LLY Eli Lilly and Company	74.56 mm	84.16 k shares	0.73	Common equity	Long	USA
Broadcom Pte. Ltd.	63.26 mm	366.74 k shares	0.62	Common equity	Long	USA
JPM JPMorgan Chase & Co.	62.17 mm	294.85 k shares	0.61	Common equity	Long	USA
TSLA Tesla, Inc.	59.60 mm	227.81 k shares	0.58	Common equity	Long	USA
UNH UnitedHealth Group Incorporated	53.44 mm	91.40 k shares	0.52	Common equity	Long	USA
V Visa Inc.	44.73 mm	162.69 k shares	0.44	Common equity	Long	USA
XOM Exxon Mobil Corporation	43.41 mm	370.33 k shares	0.43	Common equity	Long	USA
MA Mastercard Incorporated	42.66 mm	86.39 k shares	0.42	Common equity	Long	USA
COST Costco Wholesale Corporation	42.12 mm	47.51 k shares	0.41	Common equity	Long	USA
HD The Home Depot, Inc.	42.09 mm	103.87 k shares	0.41	Common equity	Long	USA
PG The Procter & Gamble Company	41.52 mm	239.70 k shares	0.41	Common equity	Long	USA
WMT Walmart Inc.	34.17 mm	423.20 k shares	0.33	Common equity	Long	USA
NFLX Netflix, Inc.	33.66 mm	47.46 k shares	0.33	Common equity	Long	USA
MS BUS FIN-VAR-C-CHEV	32.91 mm	32.91 mm principal	0.32	Debt	Long	USA
BAC Bank of America Corporation	31.66 mm	797.99 k shares	0.31	Common equity	Long	USA
NYC MUNI WTR FIN AUTH	30.30 mm	30.30 mm principal	0.30	Debt	Long	USA
ABBV AbbVie Inc.	30.16 mm	152.73 k shares	0.30	Common equity	Long	USA
AMD Advanced Micro Devices, Inc.	28.38 mm	172.95 k shares	0.28	Common equity	Long	USA
JNJ Johnson & Johnson	27.86 mm	171.89 k shares	0.27	Common equity	Long	USA
ORCL Oracle Corporation	27.81 mm	163.21 k shares	0.27	Common equity	Long	USA
MRK Merck & Co., Inc.	27.27 mm	240.11 k shares	0.27	Common equity	Long	USA
TMO Thermo Fisher Scientific Inc.	25.04 mm	40.49 k shares	0.25	Common equity	Long	USA
ADBE Adobe Inc.	24.81 mm	47.92 k shares	0.24	Common equity	Long	USA
KO The Coca-Cola Company	24.76 mm	344.60 k shares	0.24	Common equity	Long	USA
LINDE PLC	23.30 mm	48.86 k shares	0.23	Common equity	Long	USA
CRM Salesforce, Inc.	22.97 mm	83.91 k shares	0.22	Common equity	Long	USA
PEP PepsiCo, Inc.	22.50 mm	132.30 k shares	0.22	Common equity	Long	USA
NEW YORK-G6-ADJ	21.50 mm	21.50 mm principal	0.21	Debt	Long	USA
ACN Accenture plc	20.78 mm	58.78 k shares	0.20	Common equity	Long	USA
WFC Wells Fargo & Company	20.69 mm	366.22 k shares	0.20	Common equity	Long	USA
LOW Lowe's Companies, Inc.	20.45 mm	75.51 k shares	0.20	Common equity	Long	USA
GE General Electric Company	19.98 mm	105.98 k shares	0.20	Common equity	Long	USA
CVX Chevron Corporation	19.93 mm	135.34 k shares	0.20	Common equity	Long	USA
SPGI S&P Global Inc.	19.70 mm	38.14 k shares	0.19	Common equity	Long	USA
MCD McDonald's Corporation	19.01 mm	62.44 k shares	0.19	Common equity	Long	USA
ISRG Intuitive Surgical, Inc.	18.90 mm	38.47 k shares	0.19	Common equity	Long	USA
ABT Abbott Laboratories	18.71 mm	164.14 k shares	0.18	Common equity	Long	USA
CSCO Cisco Systems, Inc.	18.56 mm	348.68 k shares	0.18	Common equity	Long	USA
QCOM QUALCOMM Incorporated	18.44 mm	108.41 k shares	0.18	Common equity	Long	USA
AMAT Applied Materials, Inc.	18.33 mm	90.72 k shares	0.18	Common equity	Long	USA
DHR Danaher Corporation	18.16 mm	65.32 k shares	0.18	Common equity	Long	USA
BLACK BELT ENERGY GAS	18.15 mm	16.93 mm principal	0.18	Debt	Long	USA
CAT Caterpillar Inc.	18.13 mm	46.36 k shares	0.18	Common equity	Long	USA
INTU Intuit Inc.	17.79 mm	28.65 k shares	0.17	Common equity	Long	USA
AMGN Amgen Inc.	17.18 mm	53.33 k shares	0.17	Common equity	Long	USA
AXP American Express Company	17.14 mm	63.21 k shares	0.17	Common equity	Long	USA
NEE NextEra Energy, Inc.	16.88 mm	199.74 k shares	0.17	Common equity	Long	USA
NOW ServiceNow, Inc.	16.49 mm	18.43 k shares	0.16	Common equity	Long	USA
PGR The Progressive Corporation	16.40 mm	64.65 k shares	0.16	Common equity	Long	USA
TXN Texas Instruments Incorporated	16.32 mm	78.99 k shares	0.16	Common equity	Long	USA
TMUS T-Mobile US, Inc.	16.30 mm	78.98 k shares	0.16	Common equity	Long	USA
BKNG Booking Holdings Inc.	15.91 mm	3.78 k shares	0.16	Common equity	Long	USA
GS The Goldman Sachs Group, Inc.	15.64 mm	31.59 k shares	0.15	Common equity	Long	USA
UNP Union Pacific Corporation	15.48 mm	62.81 k shares	0.15	Common equity	Long	USA
RESTRUCTURED-SER A-2	15.48 mm	15.51 mm principal	0.15	Debt	Long	USA
MAIN ST NAT GAS INC-B	15.24 mm	14.08 mm principal	0.15	Debt	Long	USA
MS Morgan Stanley	14.87 mm	142.64 k shares	0.15	Common equity	Long	USA
NYC WTR-DD-3B-2ND GEN	14.86 mm	14.86 mm principal	0.15	Debt	Long	USA
HON Honeywell International Inc.	14.45 mm	69.90 k shares	0.14	Common equity	Long	USA
CMCSA Comcast Corporation	13.92 mm	333.24 k shares	0.14	Common equity	Long	USA
MU Micron Technology, Inc.	13.62 mm	131.31 k shares	0.13	Common equity	Long	USA
RTX RTX Corporation	13.54 mm	111.76 k shares	0.13	Common equity	Long	USA
UBER Uber Technologies, Inc.	13.39 mm	178.11 k shares	0.13	Common equity	Long	USA
DE Deere & Company	13.36 mm	32.00 k shares	0.13	Common equity	Long	USA
IBM International Business Machines Corporation	13.31 mm	60.20 k shares	0.13	Common equity	Long	USA
ACGL Arch Capital Group Ltd.	13.26 mm	118.53 k shares	0.13	Common equity	Long	USA
MS BUS FIN-G-CHEVRON	13.05 mm	13.05 mm principal	0.13	Debt	Long	USA
Cigna Holding Co	12.92 mm	37.28 k shares	0.13	Common equity	Long	USA
TNDR OPT-FLTRS-DB8201	12.90 mm	12.90 mm principal	0.13	Debt	Long	USA
VRTX Vertex Pharmaceuticals Incorporated	12.90 mm	27.73 k shares	0.13	Common equity	Long	USA
ANET Arista Networks, Inc.	12.86 mm	33.50 k shares	0.13	Common equity	Long	USA
JPM-PUTTERS-MIZ9131	12.80 mm	12.80 mm principal	0.13	Debt	Long	USA
DEUTSCHE-SPEARS-8086	12.68 mm	12.68 mm principal	0.12	Debt	Long	USA
LMT Lockheed Martin Corporation	12.56 mm	21.49 k shares	0.12	Common equity	Long	USA
TJX The TJX Companies, Inc.	12.53 mm	106.63 k shares	0.12	Common equity	Long	USA
TENNERGY CORP -A	12.38 mm	11.49 mm principal	0.12	Debt	Long	USA
Prologis, L.P.	12.26 mm	97.07 k shares	0.12	Common equity	Long	USA
AMT American Tower Corporation	12.17 mm	52.35 k shares	0.12	Common equity	Long	USA
BSX Boston Scientific Corporation	12.14 mm	144.84 k shares	0.12	Common equity	Long	USA
ELV Elevance Health Inc.	12.08 mm	23.24 k shares	0.12	Common equity	Long	USA
JPM-PUTTERS-MIZ9118	11.90 mm	11.90 mm principal	0.12	Debt	Long	USA
FREDDIE MAC-ML21	11.82 mm	10.99 mm principal	0.12	Debt	Long	USA
Walt Disney Co	11.68 mm	121.47 k shares	0.11	Common equity	Long	USA
REGN Regeneron Pharmaceuticals, Inc.	11.57 mm	11.00 k shares	0.11	Common equity	Long	USA
CA CMNTY CHOICE-B	11.53 mm	10.50 mm principal	0.11	Debt	Long	USA
TEXAS ST MUNI GAS ACQ	11.51 mm	10.58 mm principal	0.11	Debt	Long	USA
COP ConocoPhillips	11.42 mm	108.51 k shares	0.11	Common equity	Long	USA
CB Chubb Limited	11.42 mm	39.60 k shares	0.11	Common equity	Long	USA
SHW The Sherwin-Williams Company	11.36 mm	29.77 k shares	0.11	Common equity	Long	USA
HCA HCA Healthcare, Inc.	11.36 mm	27.94 k shares	0.11	Common equity	Long	USA
NEW YORK ST DORM AUTH	11.28 mm	10.85 mm principal	0.11	Debt	Long	USA
NYC W/S VAR-2ND-BB-2	11.20 mm	11.20 mm principal	0.11	Debt	Long	USA
SYK Stryker Corporation	11.14 mm	30.85 k shares	0.11	Common equity	Long	USA
MMC Marsh & McLennan Companies, Inc.	11.11 mm	49.82 k shares	0.11	Common equity	Long	USA
CENTRL PLAINS-A	11.00 mm	10.26 mm principal	0.11	Debt	Long	USA
MDLZ Mondelez International, Inc.	10.92 mm	148.24 k shares	0.11	Common equity	Long	USA
NRTHRN CA ENRGY	10.87 mm	10.05 mm principal	0.11	Debt	Long	USA
COF Capital One Financial Corporation	10.87 mm	72.57 k shares	0.11	Common equity	Long	USA
ETN Eaton Corporation plc	10.76 mm	32.46 k shares	0.11	Common equity	Long	USA
LRCX Lam Research Corporation	10.73 mm	13.15 k shares	0.11	Common equity	Long	USA
CEG Constellation Energy Corporation	10.65 mm	40.96 k shares	0.10	Common equity	Long	USA
HWM Howmet Aerospace Inc.	10.54 mm	105.17 k shares	0.10	Common equity	Long	USA
SBUX Starbucks Corporation	10.52 mm	107.87 k shares	0.10	Common equity	Long	USA
HUDSON NY YARDS INFRA	10.49 mm	10.00 mm principal	0.10	Debt	Long	USA
NKE NIKE, Inc.	10.33 mm	116.81 k shares	0.10	Common equity	Long	USA
ZTS Zoetis Inc.	10.31 mm	52.77 k shares	0.10	Common equity	Long	USA
GULF COAST INDL DEV	10.30 mm	10.30 mm principal	0.10	Debt	Long	USA
VANGUARD TAX-EXM	10.06 mm	196.70 k shares	0.10	Common equity	Long	USA
BLK BlackRock, Inc.	10.03 mm	10.57 k shares	0.10	Common equity	Long	USA
URI United Rentals, Inc.	9.78 mm	12.07 k shares	0.10	Common equity	Long	USA
CMG Chipotle Mexican Grill, Inc.	9.71 mm	168.60 k shares	0.10	Common equity	Long	USA
FI Fiserv, Inc.	9.69 mm	53.94 k shares	0.09	Common equity	Long	USA
PANW Palo Alto Networks, Inc.	9.63 mm	28.19 k shares	0.09	Common equity	Long	USA
TRIBOROUGH BRIDGE-C	9.62 mm	8.00 mm principal	0.09	Debt	Long	USA
AON Aon plc	9.59 mm	27.73 k shares	0.09	Common equity	Long	USA
SOUTHEAST ENERGY AUTH	9.33 mm	8.66 mm principal	0.09	Debt	Long	USA
ORLY O'Reilly Automotive, Inc.	9.33 mm	8.10 k shares	0.09	Common equity	Long	USA
GREENWOOD INDP SCH DI	9.29 mm	9.05 mm principal	0.09	Debt	Long	USA
KY PUB ENERGY AUTH-B-	9.24 mm	8.45 mm principal	0.09	Debt	Long	USA
CDNS Cadence Design Systems, Inc.	9.16 mm	33.82 k shares	0.09	Common equity	Long	USA
NYC TRANSITIONAL FIN	9.05 mm	8.00 mm principal	0.09	Debt	Long	USA
KENTUCKY ST PUBLIC EN	9.04 mm	8.88 mm principal	0.09	Debt	Long	USA
PWR Quanta Services, Inc.	8.97 mm	30.09 k shares	0.09	Common equity	Long	USA
TDG TransDigm Group Incorporated	8.97 mm	6.29 k shares	0.09	Common equity	Long	USA
CA CMNTY CHOICE FING	8.95 mm	8.34 mm principal	0.09	Debt	Long	USA
SO The Southern Company	8.88 mm	98.42 k shares	0.09	Common equity	Long	USA
CTAS Cintas Corporation	8.80 mm	42.74 k shares	0.09	Common equity	Long	USA
MAIN ST NAT GAS INC	8.80 mm	8.15 mm principal	0.09	Debt	Long	USA
SNPS Synopsys, Inc.	8.73 mm	17.23 k shares	0.09	Common equity	Long	USA
CA CMNTY CHOICE-SER G	8.71 mm	8.00 mm principal	0.09	Debt	Long	USA
KY PUB ENERGY-A	8.68 mm	8.07 mm principal	0.09	Debt	Long	USA
VA ST-C-REF	8.68 mm	8.63 mm principal	0.09	Debt	Long	USA
ADP Automatic Data Processing, Inc.	8.67 mm	31.33 k shares	0.08	Common equity	Long	USA
GUILFORD CNTY NC	8.65 mm	8.57 mm principal	0.08	Debt	Long	USA
C Citigroup Inc.	8.62 mm	137.66 k shares	0.08	Common equity	Long	USA
EQIX Equinix, Inc.	8.60 mm	9.69 k shares	0.08	Common equity	Long	USA
APH Amphenol Corporation	8.54 mm	131.12 k shares	0.08	Common equity	Long	USA
BLACK BELT-SER-C	8.46 mm	7.77 mm principal	0.08	Debt	Long	USA
STHRN CA PUB PWR-A	8.36 mm	7.73 mm principal	0.08	Debt	Long	USA
MICHIGAN ST BLDG AUTH	8.34 mm	8.00 mm principal	0.08	Debt	Long	USA
TT Trane Technologies plc	8.28 mm	21.31 k shares	0.08	Common equity	Long	USA
MAIN ST NAT GAS INC	8.27 mm	7.75 mm principal	0.08	Debt	Long	USA
MN PUB FACS AUTH-A	8.25 mm	8.00 mm principal	0.08	Debt	Long	USA
MAIN ST NAT GAS-E-1	8.25 mm	7.58 mm principal	0.08	Debt	Long	USA
KR The Kroger Co.	8.23 mm	143.59 k shares	0.08	Common equity	Long	USA
NY ST DORM AUTH-E-REF	8.14 mm	8.00 mm principal	0.08	Debt	Long	USA
IRM Iron Mountain Incorporated	8.12 mm	68.34 k shares	0.08	Common equity	Long	USA
ROP Roper Technologies, Inc.	8.11 mm	14.57 k shares	0.08	Common equity	Long	USA
GM General Motors Company	8.08 mm	180.24 k shares	0.08	Common equity	Long	USA
ICE Intercontinental Exchange, Inc.	8.05 mm	50.13 k shares	0.08	Common equity	Long	USA
NYC TRAN FIN AUTH-A1	8.01 mm	8.00 mm principal	0.08	Debt	Long	USA
SCHW The Charles Schwab Corporation	7.94 mm	122.50 k shares	0.08	Common equity	Long	USA
CA CMNTY CHOICE-D	7.91 mm	7.33 mm principal	0.08	Debt	Long	USA
AME AMETEK, Inc.	7.90 mm	46.01 k shares	0.08	Common equity	Long	USA
MPC Marathon Petroleum Corporation	7.89 mm	48.46 k shares	0.08	Common equity	Long	USA
KLAC KLA Corporation	7.83 mm	10.12 k shares	0.08	Common equity	Long	USA
MCO Moody's Corporation	7.83 mm	16.50 k shares	0.08	Common equity	Long	USA
MCK McKesson Corporation	7.76 mm	15.70 k shares	0.08	Common equity	Long	USA
ADI Analog Devices, Inc.	7.72 mm	33.55 k shares	0.08	Common equity	Long	USA
CSX CSX Corporation	7.72 mm	223.57 k shares	0.08	Common equity	Long	USA
CLH Clean Harbors, Inc.	7.66 mm	31.70 k shares	0.08	Common equity	Long	USA
EL PASO-A-REV	7.65 mm	7.00 mm principal	0.07	Debt	Long	USA
S E ALABAMA ST GAS SP	7.61 mm	7.00 mm principal	0.07	Debt	Long	USA
T AT&T Inc.	7.55 mm	343.40 k shares	0.07	Common equity	Long	USA
DTE DTE Energy Company	7.54 mm	58.75 k shares	0.07	Common equity	Long	USA
BLACK BELT ENRY GAS-A	7.54 mm	6.85 mm principal	0.07	Debt	Long	USA
CPRT Copart, Inc.	7.42 mm	141.65 k shares	0.07	Common equity	Long	USA
VZ Verizon Communications Inc.	7.39 mm	164.44 k shares	0.07	Common equity	Long	USA
WA HLTH CARE-B-REF	7.37 mm	6.99 mm principal	0.07	Debt	Long	USA
LEN Lennar Corporation	7.34 mm	39.16 k shares	0.07	Common equity	Long	USA
RESTRUCTURED-SER A1	7.34 mm	7.33 mm principal	0.07	Debt	Long	USA
PLTR Palantir Technologies Inc.	7.27 mm	195.36 k shares	0.07	Common equity	Long	USA
BA The Boeing Company	7.27 mm	47.79 k shares	0.07	Common equity	Long	USA
CBRE CBRE Group, Inc.	7.20 mm	57.85 k shares	0.07	Common equity	Long	USA
RESTRUCTURED-SER A1	7.16 mm	6.63 mm principal	0.07	Debt	Long	USA
DHI D.R. Horton, Inc.	7.12 mm	37.30 k shares	0.07	Common equity	Long	USA
UPS United Parcel Service, Inc.	7.09 mm	52.03 k shares	0.07	Common equity	Long	USA
PYPL PayPal Holdings, Inc.	7.08 mm	90.79 k shares	0.07	Common equity	Long	USA
FCX Freeport-McMoRan Inc.	7.06 mm	141.39 k shares	0.07	Common equity	Long	USA
BLACK BELT ENERGY GAS	7.03 mm	6.71 mm principal	0.07	Debt	Long	USA
HLT Hilton Worldwide Holdings Inc.	7.02 mm	30.45 k shares	0.07	Common equity	Long	USA
WM Waste Management, Inc.	6.99 mm	33.65 k shares	0.07	Common equity	Long	USA
MAIN STREET NATURAL-C	6.98 mm	6.47 mm principal	0.07	Debt	Long	USA
MAR Marriott International, Inc.	6.96 mm	28.02 k shares	0.07	Common equity	Long	USA
MSI Motorola Solutions, Inc.	6.91 mm	15.38 k shares	0.07	Common equity	Long	USA
ITW Illinois Tool Works Inc.	6.91 mm	26.38 k shares	0.07	Common equity	Long	USA
DUK Duke Energy Corporation	6.89 mm	59.77 k shares	0.07	Common equity	Long	USA
NEW YORK NY-B-1	6.85 mm	6.64 mm principal	0.07	Debt	Long	USA
MASSACHUSETTS CMWLTH-	6.85 mm	6.00 mm principal	0.07	Debt	Long	USA
CA INFRA & E DEV BK-B	6.85 mm	6.56 mm principal	0.07	Debt	Long	USA
KY PUB ENERGY -A-1	6.84 mm	6.66 mm principal	0.07	Debt	Long	USA
MNST Monster Beverage Corporation	6.79 mm	130.25 k shares	0.07	Common equity	Long	USA