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

SecurityVNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF
InstitutionMadden Advisory Services, Inc.
Latest Disclosed Ownership11,828 shares
Latest Disclosed Value $ 1,049,175
Madden Advisory Services, Inc. reports 5.88% decrease in ownership of VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF

On May 11, 2026 - Madden Advisory Services, Inc. filed a 13F-HR form disclosing ownership of 11,828 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF (US:VNQ) valued at $1,049,144 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 12,567 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF. This represents a change in shares of -5.88% during the quarter. The current value of the position is $1,144,832 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 11,828 -739 -5.88 1,049 -5.67 0.4133
2026-02-11 2025-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 12,567 -19 -0.15 1,112 -3.30 0.4472
2025-10-24 2025-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 12,586 -729 -5.48 1,151 -2.95 0.4456
2025-07-23 2025-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 13,315 19 0.14 1,186 -1.50 0.5053
2025-05-06 2025-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 13,296 83 0.63 1,204 2.21 0.5611
2025-02-13 2024-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 13,213 92 0.70 1,177 -7.90 0.5465
2024-10-30 2024-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 13,121 417 3.28 1,278 20.11 0.5854
2024-08-07 2024-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 12,704 116 0.92 1,064 -2.21 0.5410
2024-05-03 2024-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 12,588 -287 -2.23 1,089 -4.31 0.5737
2024-02-12 2023-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 12,875 3,392 35.77 1,138 58.58 0.6411
2023-11-13 2023-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 9,483 4,138 77.42 717 60.76 0.4538
2023-08-07 2023-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,345 -1 -0.02 447 0.68 0.2890
2023-04-25 2023-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,346 0 0.00 444 0.68 0.3116
2023-02-14 2022-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,346 -151 -2.75 441 -0.23 0.3298
2022-11-09 2022-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,497 129 2.40 441 -9.82 0.3524
2022-07-29 2022-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,368 526 10.86 489 -6.86 0.3703
2022-05-02 2022-03-31 13F/A-1 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,842 -5 -0.10 525 -6.58 0.3567
2022-04-18 2022-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,842 -5 525 0.3635
2022-02-08 2021-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,847 61 1.27 562 15.40 0.3689
2021-11-12 2021-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,786 -47 -0.97 487 -1.02 0.3483
2021-08-10 2021-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,833 -38 -0.78 492 10.07 0.3639
2021-05-04 2021-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,871 -3 -0.06 447 7.97 0.3499
2021-01-28 2020-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,874 -59 -1.20 414 6.43 0.3476
2020-10-30 2020-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,933 -370 -6.98 389 -6.49 0.3707
2020-08-10 2020-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,303 -369 -6.51 416 5.05 0.4315
2020-05-11 2020-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,672 5,672 396 0.2745
2017-08-11 2017-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 0 -839 -100.00 0 -100.00
2017-05-11 2017-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 839 839 69 0.0445
2017-01-20 2016-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 0 -6,854 -100.00 0 -100.00
2016-11-09 2016-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 6,854 0 0.00 594 -2.14 0.3649
2016-08-09 2016-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 6,854 6,854 0.00 607 0.3752
2016-05-10 2016-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 0 -6,584 -100.00 0 -100.00
2016-02-10 2015-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 6,584 0 0.00 524 5.43 0.3451
2015-10-29 2015-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 6,584 -152 -2.26 497 -1.19 0.3260
2015-07-24 2015-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 6,736 -53 -0.78 503 -12.06 0.3010
2015-04-29 2015-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 6,789 6,789 0.00 572 0.3454
2015-02-03 2014-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 0 -1,543 -100.00 0 -100.00
2014-11-12 2014-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 1,543 200 14.89 111 9.90 0.0576
2014-08-11 2014-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 1,343 156 13.14 101 20.24 0.0514
2014-05-12 2014-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 1,187 535 82.06 84 100.00 0.0460
2014-01-30 2013-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 652 228 53.77 42 50.00 0.0316
2013-11-12 2013-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 424 0 0.00 28 -3.45 0.0244
2013-07-15 2013-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 424 424 29 0.0238
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.