Vanguard Specialized Funds - Vanguard Real Estate ETF
US ˙ ARCA ˙ US9229085538

SecurityVNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF
InstitutionAssociated Banc-corp
Latest Disclosed Ownership38,573 shares
Latest Disclosed Value $ 3,421,424
Associated Banc-corp reports 30.16% decrease in ownership of VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF

On May 1, 2026 - Associated Banc-corp filed a 13F-HR form disclosing ownership of 38,573 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF (US:VNQ) valued at $3,421,425 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 55,234 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF. This represents a change in shares of -30.16% during the quarter. The current value of the position is $3,733,481 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 38,573 -16,661 -30.16 3,421 -30.00 0.0906
2026-02-06 2025-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 55,234 -31,238 -36.12 4,888 -38.18 0.1251
2025-10-24 2025-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 86,472 -4,530 -4.98 7,905 -2.46 0.2081
2025-08-12 2025-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 91,002 -33,844 -27.11 8,105 -28.30 0.2297
2025-05-09 2025-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 124,846 -11,738 -8.59 11,304 -7.09 0.3446
2025-02-10 2024-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 136,584 -6,178 -4.33 12,167 -12.52 0.3665
2024-11-13 2024-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 142,762 5,747 4.19 13,908 21.18 0.4088
2024-08-01 2024-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 137,015 -659 -0.48 11,476 -3.61 0.3569
2024-05-09 2024-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 137,674 7 0.01 11,906 -2.12 0.3774
2024-02-09 2023-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 137,667 -495 -0.36 12,164 16.37 0.4226
2023-11-09 2023-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 138,162 3,594 2.67 10,453 -7.03 0.4046
2023-08-07 2023-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 134,568 -9,022 -6.28 11,245 -5.69 0.4250
2023-05-09 2023-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 143,590 14,148 10.93 11,924 11.68 0.4790
2023-02-10 2022-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 129,442 -1,637 -1.25 10,676 1.60 0.4443
2022-11-09 2022-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 131,079 2,656 2.07 10,508 -10.20 0.4855
2022-08-10 2022-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 128,423 -1,230 -0.95 11,701 -16.72 0.5123
2022-05-11 2022-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 129,653 7,059 5.76 14,050 -1.21 0.5411
2022-02-10 2021-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 122,594 18,849 18.17 14,222 34.69 0.5214
2021-11-08 2021-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 103,745 11,116 12.00 10,559 11.98 0.4173
2021-08-11 2021-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 92,629 -11,275 -10.85 9,429 29.91 0.3731
2021-05-05 2021-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 103,904 -1,164 -1.11 7,258 -18.67 0.4512
2021-02-11 2020-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 105,068 -5,035 -4.57 8,924 2.65 0.3483
2020-11-12 2020-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 110,103 -2,436 -2.16 8,694 -1.62 0.3740
2020-08-14 2020-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 112,539 8,223 7.88 8,837 21.27 0.3988
2020-05-14 2020-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 104,316 18,376 21.38 7,287 -8.63 0.3884
2020-02-12 2019-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 85,940 4,295 5.26 7,975 4.76 0.3972
2019-11-14 2019-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 81,645 12,560 18.18 7,613 26.08 0.4094
2019-08-06 2019-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 69,085 3,137 4.76 6,038 5.34 0.3310
2019-05-07 2019-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 65,948 -2,723 -3.97 5,732 11.93 0.3304
2019-02-13 2018-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 68,671 85 0.12 5,121 -7.45 0.3338
2018-11-07 2018-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 68,586 788 1.16 5,533 0.20 0.3069
2018-08-07 2018-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 67,798 178 0.26 5,522 8.21 0.3228
2018-05-07 2018-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 67,620 1,163 1.75 5,103 -7.47 0.2902
2018-02-07 2017-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 66,457 514 0.78 5,515 0.66 0.2975
2017-11-13 2017-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 65,943 3,393 5.42 5,479 5.24 0.3022
2017-08-10 2017-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 62,550 3,711 6.31 5,206 7.12 0.2953
2017-05-12 2017-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 58,839 9,997 20.47 4,860 20.57 0.2893
2017-02-10 2016-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 48,842 11,950 32.39 4,031 25.97 0.2516
2016-11-10 2016-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 36,892 15,515 72.58 3,200 68.87 0.2037
2016-08-11 2016-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 21,377 3,486 19.48 1,895 26.42 0.1217
2016-05-12 2016-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 17,891 13,402 298.55 1,499 318.72 0.0985
2016-02-12 2015-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 4,489 -80 -1.75 358 3.77 0.0236
2015-11-10 2015-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 4,569 1,042 29.54 345 31.18 0.0241
2015-08-11 2015-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 3,527 501 16.56 263 3.14 0.0169
2015-05-12 2015-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 3,026 35 1.17 255 5.37 0.0161
2015-02-12 2014-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 2,991 -2,404 -44.56 242 -37.63 0.0153
2014-11-05 2014-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 5,395 493 10.06 388 5.72 0.0255
2014-08-13 2014-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 4,902 -1,121 -18.61 367 -13.65 0.0239
2014-05-13 2014-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 6,023 1,959 48.20 425 62.21 0.0293
2014-02-14 2013-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 4,064 304 8.09 262 5.22 0.0188
2013-11-14 2013-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 3,760 3,760 249 0.0198
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.