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

SecurityVNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF
InstitutionModera Wealth Management, LLC
Latest Disclosed Ownership113,440 shares
Latest Disclosed Value $ 10,062,103
Modera Wealth Management, LLC reports 0.77% decrease in ownership of VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF

On May 6, 2026 - Modera Wealth Management, LLC filed a 13F-HR form disclosing ownership of 113,440 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF (US:VNQ) valued at $10,062,128 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 21, 2026 disclosing 114,317 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF. This represents a change in shares of -0.77% during the quarter. The current value of the position is $10,979,858 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)
2026-05-06 2026-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 113,440 -877 -0.77 10,062 -0.52 0.1206
2026-01-21 2025-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 114,317 -3,358 -2.85 10,116 -5.97 0.1170
2025-10-31 2025-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 117,675 -294 -0.25 10,758 2.39 0.1247
2025-08-06 2025-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 117,969 -666 -0.56 10,506 -2.19 0.1301
2025-05-08 2025-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 118,635 -3,502 -2.87 10,741 -1.27 0.1453
2025-02-06 2024-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 122,137 -2,512 -2.02 10,880 -10.41 0.1314
2024-10-24 2024-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 124,649 -2,355 -1.85 12,144 14.15 0.1545
2024-07-29 2024-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 127,004 1,919 1.53 10,638 -1.65 0.1567
2024-05-14 2024-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 125,085 -6,961 -5.27 10,817 -7.29 0.1648
2024-02-14 2023-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 132,046 -10,849 -7.59 11,668 7.92 0.1930
2023-11-30 2023-09-30 13F/A-1 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 142,895 -734 -0.51 10,812 -9.92 0.2038
2023-11-01 2023-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 13,030 -130,599 5,117 0.0965
2023-08-07 2023-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 143,629 76,802 114.93 12,002 116.27 0.2179
2023-05-05 2023-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 66,827 -1,141 -1.68 5,549 -1.02 0.2153
2023-02-07 2022-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 67,968 -16,348 -19.39 5,606 -17.07 0.2280
2022-11-01 2022-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 84,316 -14,117 -14.34 6,760 -24.62 0.3424
2022-07-27 2022-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 98,433 -10,654 -9.77 8,968 -24.14 0.4272
2022-05-03 2022-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 109,087 3,161 2.98 11,822 -3.79 0.5232
2022-02-04 2021-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 105,926 86,299 439.70 12,288 515.02 0.4691
2021-11-04 2021-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 19,627 -624 -3.08 1,998 -3.06 0.1026
2021-08-02 2021-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 20,251 -515 -2.48 2,061 8.02 0.1112
2021-04-29 2021-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 20,766 -533 -2.50 1,908 5.53 0.1240
2021-02-11 2020-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 21,299 16,507 344.47 1,808 378.31 0.1434
2020-11-12 2020-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,792 2 0.04 378 0.53 0.0561
2020-08-12 2020-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,790 -97 -1.98 376 10.26 0.0600
2020-05-12 2020-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,887 614 14.37 341 -13.89 0.0715
2020-02-05 2019-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,273 -253 -5.59 396 -6.16 0.0619
2019-11-12 2019-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,526 -66 -1.44 422 5.24 0.0701
2019-08-07 2019-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,592 -655 -12.48 401 -12.06 0.0732
2019-05-13 2019-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,247 -591 -10.12 456 4.83 0.0854
2019-02-14 2018-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,838 -135 -2.26 435 -9.75 0.0857
2018-11-09 2018-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,973 -475 -7.37 482 -8.19 0.0976
2018-08-09 2018-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 6,448 -53 -0.82 525 6.92 0.1107
2018-05-10 2018-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 6,501 313 5.06 491 -4.29 0.1018
2018-02-05 2017-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 6,188 938 17.87 513 17.66 0.1106
2017-11-14 2017-09-30 13F Vanguard REIT ETF ETF 922908553 5,250 -85 -1.59 436 -1.80 0.0982
2017-08-10 2017-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 5,335 -108 -1.98 444 -1.33 0.1078
2017-05-11 2017-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 5,443 45 0.83 450 0.90 0.1127
2017-02-10 2016-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 5,398 749 16.11 446 10.67 0.1506
2017-02-10 2016-09-30 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 4,649 300 6.90 403 4.40 0.1351
2016-11-10 2016-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 4,649 403
2016-08-09 2016-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 4,349 -255 -5.54 386 0.00 0.1349
2016-05-16 2016-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 4,604 4,604 0.00 386 0.1348
2015-05-13 2015-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 0 -2,719 -100.00 0 -100.00
2015-02-11 2014-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 2,719 -96 -3.41 220 8.91 0.0854
2014-11-12 2014-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 2,815 2,815 202 0.0855
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.