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

SecurityVNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF
InstitutionBailard, Inc.
Latest Disclosed Ownership91,987 shares
Latest Disclosed Value $ 8,159,300
Bailard, Inc. reports 29.60% decrease in ownership of VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF

On May 11, 2026 - Bailard, Inc. filed a 13F-HR form disclosing ownership of 91,987 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF (US:VNQ) valued at $8,159,247 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 130,662 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF. This represents a change in shares of -29.60% during the quarter. The current value of the position is $8,842,710 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)
2026-05-11 2026-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 91,987 -38,675 -29.60 8,159 -29.43 0.1876
2026-02-04 2025-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 130,662 -53,401 -29.01 11,562 -31.29 0.2560
2025-10-30 2025-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 184,063 30,401 19.78 16,827 22.96 0.3656
2025-08-08 2025-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 153,662 1,006 0.66 13,685 -0.98 0.3190
2025-05-02 2025-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 152,656 -679 -0.44 13,821 1.19 0.3567
2025-02-05 2024-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 153,335 9 0.01 13,659 -8.55 0.3491
2024-10-30 2024-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 153,326 1,001 0.66 14,937 17.07 0.3889
2024-07-25 2024-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 152,325 403 0.27 12,759 -2.89 0.3515
2024-05-08 2024-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 151,922 5,846 4.00 13,138 1.79 0.3626
2024-02-02 2023-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 146,076 -70,447 -32.54 12,907 -21.21 0.3824
2023-10-24 2023-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 216,523 84,790 64.37 16,382 48.83 0.5426
2023-07-20 2023-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 131,733 -3,645 -2.69 11,008 -2.08 0.3850
2023-05-08 2023-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 135,378 4,769 3.65 11,242 4.35 0.4028
2023-02-02 2022-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 130,609 3,794 2.99 10,773 5.95 0.4103
2022-10-18 2022-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 126,815 1,956 1.57 10,167 -10.63 0.4204
2022-07-27 2022-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 124,859 -635,926 -83.59 11,376 -86.20 0.4478
2022-04-25 2022-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 760,785 634,536 502.61 82,446 462.93 2.7723
2022-02-10 2021-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 126,249 442 0.35 14,646 14.38 0.4670
2021-11-15 2021-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 125,807 1,240 1.00 12,805 0.99 0.4376
2021-08-13 2021-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 124,567 8,441 7.27 12,680 18.87 0.4381
2021-05-13 2021-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 116,126 7,306 6.71 10,667 15.42 0.3954
2021-02-03 2020-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 108,820 5,377 5.20 9,242 13.15 0.4215
2020-11-10 2020-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 103,443 2,104 2.08 8,168 2.64 0.4230
2020-08-12 2020-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 101,339 16,317 19.19 7,958 34.00 0.4445
2020-04-16 2020-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 85,022 -41,565 -32.84 5,939 -49.44 0.4229
2020-01-31 2019-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 126,587 -5,373 -4.07 11,746 -4.54 0.6620
2019-10-18 2019-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 131,960 1,088 0.83 12,305 7.58 0.7441
2019-07-26 2019-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 130,872 -3,661 -2.72 11,438 -2.17 0.6992
2019-04-24 2019-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 134,533 -1,720 -1.26 11,692 15.08 0.7252
2019-02-05 2018-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 136,253 3,989 3.02 10,160 -4.79 0.6868
2018-11-13 2018-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 132,264 3,900 3.04 10,671 2.07 0.6240
2018-08-08 2018-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 128,364 4,451 3.59 10,455 11.79 0.6228
2018-05-07 2018-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 123,913 1,490 1.22 9,352 -7.94 0.5970
2018-02-08 2017-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 122,423 5,034 4.29 10,159 4.15 0.6393
2018-01-29 2017-09-30 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 117,389 2,397 2.08 9,754 1.91 0.7553
2017-10-11 2017-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 117,389 2,397 9,754 0.7438
2018-01-29 2017-06-30 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 114,992 3,368 3.02 9,571 3.82 0.7810
2017-08-11 2017-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 114,992 3,368 9,571 0.7586
2018-01-29 2017-03-31 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 111,624 7,390 7.09 9,219 7.17 0.7653
2017-05-12 2017-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 111,624 7,390 9,219 0.7705
2018-01-29 2016-12-31 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 104,234 7,675 7.95 8,602 2.70 0.7975
2017-02-10 2016-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 104,234 7,675 8,602 0.7785
2018-01-29 2016-09-30 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 96,559 22,221 29.89 8,376 27.06 0.7735
2016-11-08 2016-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 96,559 22,221 8,376 0.7635
2018-01-29 2016-06-30 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 74,338 30,973 71.42 6,592 81.40 0.7855
2016-08-08 2016-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 74,338 30,973 6,592 0.7960
2018-01-29 2016-03-31 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 43,365 43,365 3,634 0.5076
2016-05-16 2016-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 43,365 43,365 3,634 0.5100
2018-01-29 2015-12-31 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 0 -39,449 -100.00 0 -100.00
2018-01-29 2015-09-30 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 39,449 -1,995 -4.81 2,980 -3.72 0.4683
2015-11-13 2015-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 39,449 -1,995 2,980 0.4723
2018-01-29 2015-06-30 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 41,444 6,241 17.73 3,095 4.28 0.4792
2015-08-06 2015-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 41,444 6,241 3,095 0.4842
2018-01-29 2015-03-31 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 35,203 5,065 16.81 2,968 21.59 0.4121
2015-05-07 2015-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 35,203 5,065 2,968 0.4169
2018-01-29 2014-12-31 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 30,138 9,882 48.79 2,441 67.77 0.3455
2015-01-26 2014-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 30,138 9,882 2,441
2014-10-21 2014-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 20,256 3,965 24.34 1,455 19.36 0.2232
2014-07-30 2014-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 16,291 3,450 26.87 1,219 34.40 0.1875
2014-04-30 2014-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 12,841 -855 -6.24 907 2.60 0.1439
2014-01-28 2013-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 13,696 4,541 49.60 884 45.87 0.1425
2013-10-28 2013-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 9,155 4,162 83.36 606 76.68 0.1151
2013-07-16 2013-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 4,993 4,993 343 0.0624
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.