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

Institutional Holders (2016Q2)
Portfolio Summary: 609 Institutional holders with a total value of $7,739,526,059.
#
Manager Name
Shares
Value ($)
%
Options
Notes
51 Strategic Financial Services, Inc. 247,571 21,081,000 0.27%
52 HM PAYSON & CO 252,589 21,026,000 0.27%
53 E&G Advisors, LP 252,324 21,003,000 0.27%
54 BLAIR WILLIAM & CO/IL 241,382 20,093,000 0.26%
55 STIFEL FINANCIAL CORP 231,262 19,252,000 0.25%
56 INTERACTIVE FINANCIAL ADVISORS, INC. 225,463 18,768,000 0.24%
57 Mariner, LLC 216,364 18,010,000 0.23%
58 Janney Montgomery Scott LLC 211,780 17,084,000 0.22%
59 ADVISOR GROUP, INC. 199,620 16,613,000 0.21%
60 SIGNATUREFD, LLC 195,974 16,313,000 0.21%
61 CYPRESS WEALTH ADVISORS LLC 187,976 15,647,000 0.20%
62 Cetera Advisor Networks LLC 185,091 15,409,000 0.20%
63 UNITED SERVICES AUTOMOBILE ASSOCIATION 183,552 15,279,000 0.20%
64 BEACON FINANCIAL GROUP 180,769 14,789,000 0.19%
65 SUSQUEHANNA INTERNATIONAL GROUP, LLP 176,600 14,700,000 0.19% Call
66 PNC FINANCIAL SERVICES GROUP, INC. 176,012 14,651,000 0.19%
67 HM Capital Management, LLC 170,815 14,220,000 0.18%
68 FOSTER DYKEMA CABOT & CO INC/MA 160,459 13,357,000 0.17%
69 FINANCIAL ENHANCEMENT GROUP LLC 160,239 13,338,000 0.17%
70 Jacobus Wealth Management, Inc. 156,551 13,031,000 0.17%
71 BB&T SECURITIES, LLC 156,389 13,017,000 0.17%
72 WMS Partners, LLC 150,098 12,494,000 0.16%
73 CITIGROUP INC 149,581 12,452,000 0.16%
74 COLDSTREAM CAPITAL MANAGEMENT INC 148,831 12,389,000 0.16%
75 Gibson Capital, LLC 148,045 12,321,000 0.16%
76 STRATEGIC FINANCIAL GROUP, LLC 142,802 11,887,000 0.15%
77 TD Capital Management LLC 140,227 11,672,000 0.15%
78 Paracle Advisors, LLC 139,916 11,646,000 0.15%
79 SIGNET FINANCIAL MANAGEMENT, LLC 139,440 11,607,000 0.15%
80 Ancora Advisors LLC 135,314 11,264,000 0.15%
81 SUSQUEHANNA INTERNATIONAL GROUP, LLP 129,598 10,788,000 0.14%
82 UNITED CAPITAL FINANCIAL ADVISORS, LLC 127,252 10,562,000 0.14%
83 OLD NATIONAL BANCORP /IN/ 121,592 10,121,000 0.13%
84 Whitegate Investment Counselors, Inc. 119,576 9,953,000 0.13%
85 FARMERS & MERCHANTS INVESTMENTS INC 117,791 9,805,000 0.13%
86 Carroll Financial Associates, Inc. 116,564 9,702,000 0.13%
87 STARFIRE INVESTMENT ADVISERS, INC. 112,765 9,386,629 0.12%
88 WHITTIER TRUST CO 110,363 9,186,000 0.12%
89 NORTHERN TRUST CORP 110,281 9,180,000 0.12%
90 Modera Wealth Management, LLC 110,094 9,164,000 0.12%
91 MONTAG A & ASSOCIATES INC 109,717 9,133,000 0.12%
92 Covington Capital Management 107,983 8,989,000 0.12%
93 Capital Advisors, Ltd. LLC 107,909 8,982,000 0.12%
94 Ruggie Capital Group 104,464 8,794,000 0.11%
95 Waverton Investment Management Ltd 103,357 8,603,000 0.11%
96 MML INVESTORS SERVICES, INC. 100,047 8,328,000 0.11%
97 BAIRD FINANCIAL GROUP, INC. 99,605 8,295,000 0.11%
98 NICHOLAS HOFFMAN & COMPANY, LLC. 96,913 8,067,000 0.10%
99 Asset Management Group, Inc. 96,420 8,026,000 0.10%
100 Ironsides Asset Advisors, LLC 94,185 7,840,000 0.10%
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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.