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

SecurityVNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF
InstitutionFairfield University
Latest Disclosed Ownership215,774 shares
Latest Disclosed Value $ 19,139,185
Fairfield University reports 1.08% increase in ownership of VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF

On May 11, 2026 - Fairfield University filed a 13F-HR form disclosing ownership of 215,774 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF (US:VNQ) valued at $19,139,154 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 213,478 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF. This represents a change in shares of 1.08% during the quarter. The current value of the position is $20,884,765 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 REIT ETF 922908553 215,774 2,296 1.08 19,139 1.32 9.5890
2026-02-12 2025-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 213,478 1,912 0.90 18,891 -2.33 9.5146
2025-11-07 2025-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 211,566 2,011 0.96 19,341 3.63 9.5840
2025-08-11 2025-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 209,555 2,035 0.98 18,663 -0.67 10.3031
2025-05-09 2025-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 207,520 2,113 1.03 18,789 2.68 9.6361
2025-02-07 2024-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 205,407 1,962 0.96 18,298 -7.68 9.7864
2024-11-12 2024-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 203,445 1,697 0.84 19,820 17.29 12.9528
2024-08-12 2024-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 201,748 2,457 1.23 16,898 -1.95 12.4815
2024-05-01 2024-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 199,291 1,674 0.85 17,235 -1.30 14.3735
2024-02-12 2023-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 197,617 2,414 1.24 17,461 18.23 17.0781
2023-11-08 2023-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 195,203 1,861 0.96 14,769 -8.58 13.0995
2023-08-11 2023-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 193,342 2,134 1.12 16,156 1.75 13.7345
2023-05-04 2023-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 191,208 -10,790 -5.34 15,878 -4.70 13.9081
2023-02-03 2022-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 201,998 2,797 1.40 16,661 4.33 13.8421
2022-11-07 2022-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 199,201 2,285 1.16 15,970 -10.99 13.7307
2022-08-05 2022-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 196,916 1,224 0.63 17,941 -15.40 14.0159
2022-05-09 2022-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 195,692 1,032 0.53 21,207 -6.09 17.4370
2022-02-18 2021-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 194,660 13,145 7.24 22,582 34.08 17.5475
2020-02-21 2019-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 181,515 82,148 82.67 16,843 81.78 17.7155
2019-10-24 2019-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 99,367 0 0.00 9,266 6.69 9.8137
2019-08-09 2019-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 99,367 0 0.00 8,685 0.57 9.1674
2019-05-16 2019-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 99,367 0 0.00 8,636 16.55 9.2984
2019-02-22 2018-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 99,367 0 0.00 7,410 -7.57 8.9692
2018-11-27 2018-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 99,367 0 0.00 8,017 -0.95 6.4223
2018-08-16 2018-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 99,367 1,821 1.87 8,093 8.92 6.6466
2018-05-03 2018-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 97,546 1,471 1.53 7,431 -8.19 3.7591
2018-02-02 2017-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 0 0.00 8,094 1.39 4.0463
2017-11-08 2017-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 0 0.00 7,983 -0.18 4.4566
2017-10-16 2017-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 0 0.00 7,996 0.77 4.7720
2017-10-16 2017-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 0 0.00 7,935 0.08 4.6008
2017-10-16 2016-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 0 0.00 7,929 -4.86 4.8725
2017-10-16 2016-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 0 0.00 8,334 -2.17 5.9760
2017-10-16 2016-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 0 0.00 8,519 5.81 7.0508
2017-10-13 2016-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 0 0.00 8,051 5.10 7.1869
2017-10-13 2015-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 96,075 96,075 7,660 6.8648
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.