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VANGUARD SPECIALIZED FUNDS
VANGUARD SPECIALIZED FUNDS. Institutional holdings reported to the SEC.

Institutional Holders (2015Q1)
Portfolio Summary: 550 Institutional holders with a total value of $7,213,743,585.
#
Manager Name
Shares
Value ($)
%
Options
Notes
401 Aureus Asset Management, LLC 4,497 362,000 0.01%
402 Montecito Bank & Trust 4,453 358,000 0.00%
403 Tradewinds Global Investors, LLC 4,429 355,000 0.00%
404 CIBC WORLD MARKET INC. 4,398 354,000 0.00%
405 People's United Financial, Inc. 4,348 350,000 0.00%
406 Cordasco Financial Network 4,319 348,000 0.00%
407 Evercore Wealth Management, LLC 4,281 344,000 0.00%
408 Camelot Portfolios, LLC 4,279 344,000 0.00%
409 CAMBRIDGE TRUST CO 4,232 341,000 0.00%
410 DUBUQUE BANK & TRUST CO 4,200 338,000 0.00%
411 Blue Chip Partners, LLC 4,143 333,000 0.00%
412 LVW Advisors, LLC 4,110 331,000 0.00%
413 Efficient Market Advisors, LLC 4,064 327,000 0.00%
414 Gerstein Fisher 3,975 320,000 0.00%
415 CAPITAL CITY TRUST CO/FL 3,967 319,000 0.00%
416 BANK HAPOALIM BM 3,937 317,000 0.00%
417 Madden Advisory Services, Inc. 3,928 316,000 0.00%
418 TRUST CO OF OKLAHOMA 3,891 313,109 0.00%
419 CHEMICAL BANK 3,794 305,000 0.00%
420 Verity Asset Management, Inc. 3,793 305,000 0.00%
421 Concert Wealth Management Inc. 16,339 303,000 0.00%
422 SMITHBRIDGE ASSET MANAGEMENT INC/DE 3,750 302,000 0.00%
423 SHELTON CAPITAL MANAGEMENT 3,720 299,000 0.00%
424 Highmount Capital, LLC 3,700 298,000 0.00%
425 JANE STREET GROUP, LLC 3,600 290,000 0.00% Put
426 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 3,588 288,000 0.00%
427 CIBC BANK USA 3,566 286,000 0.00%
428 HYMAN CHARLES D 3,513 283,000 0.00%
429 Evanson Asset Management, LLC 3,518 283,000 0.00%
430 LAU ASSOCIATES LLC 3,496 281,000 0.00%
431 Brookmont Capital Management 3,476 280,000 0.00%
432 SONATA CAPITAL GROUP INC 3,450 278,000 0.00%
433 Geller Advisors LLC 3,434 276,000 0.00%
434 MURPHY CAPITAL MANAGEMENT INC 3,407 274,000 0.00%
435 NAPLES GLOBAL ADVISORS, LLC 3,320 267,000 0.00%
436 Aspen Investment Management Inc 3,300 266,000 0.00%
437 GIRARD ADVISORY SERVICES, LLC 3,203 258,000 0.00%
438 Kingfisher Capital LLC 3,207 258,000 0.00%
439 DESCHAINE & COMPANY, LLC 3,152 254,000 0.00%
440 J.P. Turner & Co Capital Mnagement, LLC 3,158 254,000 0.00%
441 Newman Dignan & Sheerar, Inc. 3,147 253,000 0.00%
442 Bridgewater Wealth & Financial Management, LLC 3,118 251,000 0.00%
443 Prospera Financial Services Inc 3,105 250,000 0.00%
444 USCA RIA LLC 3,100 249,000 0.00%
445 Tortoise Investment Management, LLC 3,086 248,000 0.00%
446 FLPUTNAM INVESTMENT MANAGEMENT CO 3,065 247,000 0.00%
447 Reynders McVeigh Capital Management, LLC 3,029 244,000 0.00%
448 TRUST DEPARTMENT MB FINANCIAL BANK N A 3,028 244,000 0.00%
449 Johnson Financial Group, Inc. 3,012 242,000 0.00%
450 Edge Wealth Management LLC 2,960 240,000 0.00%
Page 9 of 11

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.