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

SecurityVNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF
InstitutionD.a. Davidson & Co.
Latest Disclosed Ownership21,401 shares
Latest Disclosed Value $ 1,898,341
D.a. Davidson & Co. reports 6.61% decrease in ownership of VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF

On May 5, 2026 - D.a. Davidson & Co. filed a 13F-HR form disclosing ownership of 21,401 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF (US:VNQ) valued at $1,898,269 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 22,916 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF. This represents a change in shares of -6.61% during the quarter. The current value of the position is $2,056,636 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)
2026-05-05 2026-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 21,401 -1,515 -6.61 1,898 -6.36 0.0115
2026-01-29 2025-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 22,916 -1,462 -6.00 2,028 -9.02 0.0124
2025-10-22 2025-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 24,378 -3,586 -12.82 2,229 -10.52 0.0143
2025-07-30 2025-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 27,964 728 2.67 2,490 1.01 0.0175
2025-04-28 2025-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 27,236 -9,909 -26.68 2,466 -25.48 0.0198
2025-01-31 2024-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 37,145 -10,238 -21.61 3,309 -28.34 0.0269
2024-11-13 2024-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 47,383 -96,007 -66.96 4,616 -61.57 0.0381
2024-08-01 2024-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 143,390 2,815 2.00 12,010 -1.20 0.1065
2024-05-13 2024-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 140,575 19,200 15.82 12,157 13.35 0.1095
2024-02-09 2023-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 121,375 -11,449 -8.62 10,725 6.72 0.1052
2023-11-08 2023-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 132,824 6,672 5.29 10,049 -4.67 0.1091
2023-08-11 2023-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 126,152 6,662 5.58 10,541 6.24 0.1113
2023-04-25 2023-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 119,490 10,387 9.52 9,922 10.27 0.1116
2023-02-03 2022-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 109,103 -1,288 -1.17 8,999 1.67 0.1062
2022-11-07 2022-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 110,391 2,920 2.72 8,850 -9.62 0.1159
2022-07-28 2022-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 107,471 -4,263 -3.82 9,792 -19.13 0.1230
2022-05-12 2022-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 111,734 22,120 24.68 12,109 16.48 0.1319
2022-01-31 2021-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 89,614 1,663 1.89 10,396 16.13 0.1108
2021-11-15 2021-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 87,951 -200 -0.23 8,952 -0.23 0.1039
2021-08-10 2021-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 88,151 37,711 74.76 8,973 93.63 0.1052
2021-05-07 2021-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 50,440 34,793 222.36 4,634 248.68 0.0593
2021-02-10 2020-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 15,647 173 1.12 1,329 8.76 0.0203
2020-11-02 2020-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 15,474 402 2.67 1,222 3.21 0.0213
2020-08-10 2020-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 15,072 -30,505 -66.93 1,184 -62.81 0.0221
2020-05-05 2020-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 45,577 6,409 16.36 3,184 -12.38 0.0621
2020-02-14 2019-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 39,168 1,232 3.25 3,634 2.71 0.0587
2019-11-05 2019-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 37,936 4,469 13.35 3,538 20.96 0.0634
2019-08-13 2019-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 33,467 1,896 6.01 2,925 20.12 0.0545
2019-05-13 2019-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 31,571 -416 -1.30 2,435 2.10 0.0419
2019-01-29 2018-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 31,987 141 0.44 2,385 -7.16 0.0465
2018-11-13 2018-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 31,846 -46 -0.14 2,569 -1.12 0.0457
2018-08-02 2018-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 31,892 -665 -2.04 2,598 5.74 0.0509
2018-05-04 2018-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 32,557 -39,260 -54.67 2,457 -58.77 0.0508
2018-02-08 2017-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 71,817 -13,541 -15.86 5,959 -15.98 0.1249
2017-11-08 2017-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 85,358 2,405 2.90 7,092 2.72 0.1391
2017-08-11 2017-06-30 13F VANGUARD REIT VIPERS ETF 922908553 82,953 18,435 28.57 6,904 29.58 0.1559
2017-05-12 2017-03-31 13F VANGUARD REIT VIPERS ETF 922908553 64,518 6,182 10.60 5,328 10.68 0.1292
2017-02-15 2016-12-31 13F VANGUARD REIT VIPERS ETF 922908553 58,336 9,873 20.37 4,814 14.56 0.1092
2016-11-18 2016-09-30 13F/A-1 VANGUARD REIT VIPERS ETF 922908553 48,463 11,374 30.67 4,202 27.88 0.1046
2016-11-14 2016-09-30 13F VANGUARD REIT VIPERS ETF 922908553 48,463 4,202
2016-08-13 2016-06-30 13F VANGUARD REIT VIPERS ETF 922908553 37,089 4,982 15.52 3,286 22.20 0.0967
2016-05-13 2016-03-31 13F VANGUARD REIT VIPERS ETF 922908553 32,107 2,663 9.04 2,689 14.62 0.0837
2016-02-12 2015-12-31 13F VANGUARD REIT VIPERS ETF 922908553 29,444 -3,756 -11.31 2,346 -6.38 0.0764
2015-11-13 2015-09-30 13F VANGUARD REIT VIPERS ETF 922908553 33,200 1,026 3.19 2,506 4.37 0.0877
2015-08-14 2015-06-30 13F VANGUARD REIT VIPERS ETF 922908553 32,174 -223 -0.69 2,401 -12.02 0.0789
2015-05-06 2015-03-31 13F VANGUARD REIT VIPERS ETF 922908553 32,397 -102 -0.31 2,729 3.72 0.0896
2015-02-12 2014-12-31 13F VANGUARD REIT VIPERS ETF 922908553 32,499 5,577 20.72 2,631 36.18 0.0860
2014-11-12 2014-09-30 13F VANGUARD REIT VIPERS ETF 922908553 26,922 8,212 43.89 1,932 38.10 0.0655
2014-07-29 2014-06-30 13F VANGUARD REIT VIPERS ETF 922908553 18,710 -5,581 -22.98 1,399 -18.33 0.0474
2014-05-05 2014-03-31 13F VANGUARD REIT VIPERS ETF 922908553 24,291 9,578 65.10 1,713 80.70 0.0612
2014-02-13 2013-12-31 13F/A-1 VANGUARD REIT VIPERS ETF 922908553 14,713 6,653 82.54 948 78.20 0.0354
2014-02-12 2013-12-31 13F VANGUARD REIT VIPERS ETF 922908553 14,713 948
2013-11-14 2013-09-30 13F VANGUARD REIT VIPERS ETF 922908553 8,060 -353 -4.20 532 -7.80 0.0239
2013-08-16 2013-06-30 13F VANGUARD REIT VIPERS ETF 922908553 8,413 8,413 577 0.0279
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.