Fund · Vanguard Small-Cap Index Fund · measured from SEC filings
VB holdings
VB reports 1,316 holdings and behaves like 689.3 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-06-30. The fact sheet publishes the first number; this page computes the second, and traces it across 28 quarters of filings.
Measured concentration
as of 2026-06-30Read this figure with the following in mind
1.5% of net assets is securities-lending cash collateral, excluded from the figure; counted as filed the fund would read 596.7
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 100% at a quoted market price (level 1), one issuer country.
What stands out
as of 2026-06-30VB's largest investment is Credo Technology at 0.55% of net assets. Jabil Inc and Revolution Medic follow; the three together are 1.5%. Ten companies are 4.33% of the fund; the other 1,306 share the rest. Among the 721 equity funds measured here, VB behaves like 689.3 holdings against a median of 42.4 — 16.3 times the median. Across 28 quarterly filings VB has held roughly steady since 2019-09-30 (772.1 then, 689.3 now). Between the 2026-03-31 and 2026-06-30 filings 44 positions were added and 46 dropped; 12.3% of the weight moved.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.
Every filing since 2019
28Between 2019-09-30 and 2026-06-30, VB went from behaving like 772.1 equally weighted positions to 689.3 — 11% fewer, while its top ten went from 3.99% to 4.33% of net assets. Read across the funds on the concentration-over-time table.
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-06-30 | 1,316 | 689.3 | 4.33% | 0.55% |
| 2026-03-31 | 1,316 | 693.2 | 3.99% | 0.46% |
| 2025-12-31 | 1,325 | 692.6 | 4.35% | 0.52% |
| 2025-09-30 | 1,333 | 712.5 | 4.06% | 0.46% |
| 2025-06-30 | 1,346 | 726.9 | 3.78% | 0.5% |
| 2025-03-31 | 1,358 | 741.6 | 3.7% | 0.5% |
| 2024-12-31 | 1,373 | 755.9 | 3.75% | 0.51% |
| 2024-09-30 | 1,388 | 754.3 | 3.72% | 0.47% |
Earlier filings (20 more, back to 2019-09-30)
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2024-06-30 | 1,409 | 750.9 | 3.82% | 0.52% |
| 2024-03-31 | 1,419 | 751.2 | 3.94% | 0.45% |
| 2023-12-31 | 1,430 | 799.8 | 3.43% | 0.39% |
| 2023-09-30 | 1,447 | 779.8 | 3.58% | 0.42% |
| 2023-06-30 | 1,452 | 793.6 | 3.6% | 0.4% |
| 2023-03-31 | 1,467 | 793 | 3.71% | 0.6% |
| 2022-12-31 | 1,492 | 795.7 | 3.7% | 0.48% |
| 2022-09-30 | 1,506 | 808.8 | 3.52% | 0.59% |
| 2022-06-30 | 1,533 | 815.2 | 3.75% | 0.68% |
| 2022-03-31 | 1,555 | 824.3 | 3.65% | 0.59% |
| 2021-12-31 | 1,572 | 835.2 | 3.51% | 0.54% |
| 2021-09-30 | 1,531 | 856.1 | 3.37% | 0.54% |
| 2021-06-30 | 1,493 | 861.4 | 3.35% | 0.54% |
| 2021-03-31 | 1,471 | 862.1 | 3.11% | 0.54% |
| 2020-12-31 | 1,436 | 791.3 | 3.67% | 0.57% |
| 2020-09-30 | 1,411 | 731.4 | 4.16% | 0.67% |
| 2020-06-30 | 1,390 | 729.7 | 3.94% | 0.53% |
| 2020-03-31 | 1,355 | 654.1 | 4.89% | 0.87% |
| 2019-12-31 | 1,368 | 754.5 | 4.2% | 0.88% |
| 2019-09-30 | 1,407 | 772.1 | 3.99% | 0.71% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
Compared with, in the essays
2Overlap with other funds
2Measured against every other fund on this site, from the same filings. Combined effective holdings is how the pair behaves held in equal size.
As filed, collateral included
1.5% collateralVB's filing lists 1,317 positions including 1.5% of net assets in securities-lending cash collateral. Counted as filed the fund reads 596.7 effective holdings with a top ten of 5.47%; on its own investments — the figure above — it reads 689.3 with a top ten of 4.33%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.
Largest positions, as filed
as of 2026-06-30The 15 largest of 1,316 positions in VB's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: listed with the point-in-time files, available on request.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | Credo Technology Group Holding Ltd | 0.55% | 0.5% |
| 2 | Jabil Inc | 0.49% | 1.0% |
| 3 | REVOLUTION Medicines Inc | 0.46% | 1.5% |
| 4 | Astera Labs Inc | 0.45% | 2.0% |
| 5 | Natera Inc | 0.45% | 2.4% |
| 6 | EMCOR Group Inc | 0.45% | 2.9% |
| 7 | Twilio Inc | 0.38% | 3.2% |
| 8 | NRG Energy Inc | 0.37% | 3.6% |
| 9 | MKS Instruments Inc | 0.37% | 4.0% |
| 10 | Flex Ltd | 0.36% | 4.3% |
| 11 | Tapestry Inc | 0.36% | 4.7% |
| 12 | Casey's General Stores Inc | 0.36% | 5.0% |
| 13 | Carpenter Technology Corp | 0.35% | 5.4% |
| 14 | Atmos Energy Corp | 0.35% | 5.8% |
| 15 | Curtiss-Wright Corp | 0.34% | 6.1% |
Returns the fund reported
2019-07 – 2026-06Monthly total returns from Item B.5 of VB's own filings, 84 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference 0.04 percentage points over 84 months, which is roughly the distributions. Every month with the filing it came from: VB.json · all funds.
Who borrows VB's shares
2026-06-30The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-06-30, $2.9bn was out to 33 borrowers, 1.55% of net assets. The largest, BofA Securities, Inc., held 19.4% of it.
| Borrower | On loan | Share of the loan |
|---|---|---|
| BofA Securities, Inc. | $567m | 19.4% |
| GOLDMAN SACHS & CO. | $490m | 16.8% |
| MORGAN STANLEY & CO LLC | $325m | 11.1% |
| Wells Fargo Securities LLC | $298m | 10.2% |
| BARCLAYS BANK PLC | $230m | 7.9% |
Cash collateral reported against the loan: 1.50% of net assets, 97% of the amount lent. That is a floor on the collateral, not the whole of it — collateral the fund does not hold as a position is not in this filing, so a figure under 100% is not evidence of under-collateralisation. How that figure behaves across all funds. Every quarter VB has filed, with each borrower: VB.json · all funds.
Since the previous filing
2026-03-31 → 2026-06-301,310 positions became 1,308: 44 added (2.5% of the fund at the later date), 46 dropped (3.3% at the earlier date). Half the sum of all weight changes, a turnover proxy: 12.3%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of VB compared this way, as a feed: changes.xml · all funds: filings received.
| Largest increases | 2026-03-31 | 2026-06-30 | Largest decreases | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | 0.21% | 0.55% | AST SpaceMobile Inc | 0.30% | 0.15% |
| Astera Labs Inc | 0.22% | 0.45% | Insmed Inc | 0.25% | 0.14% |
| REVOLUTION Medicines Inc | 0.26% | 0.46% | Expand Energy Corp | 0.37% | 0.27% |
| MKS Instruments Inc | 0.22% | 0.37% | Albemarle Corp | 0.30% | 0.19% |
| Sterling Infrastructure Inc | 0.17% | 0.30% | Royal Gold Inc | 0.30% | 0.21% |
| Jabil Inc | 0.37% | 0.49% | Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.31% | 0.23% |
New: DuPont de Nemours Inc (0.23%), Fedex Freight Holding Co Inc (0.20%), International Paper Co (0.12%), Alliant Energy Corp (0.12%), International Flavors & Fragrances Inc (0.12%), Fortive Corp (0.11%). Gone: Ciena Corp (0.38%), Lumentum Holdings Inc (0.35%), Comfort Systems USA Inc (0.34%), Coherent Corp (0.31%), DuPont de Nemours Inc (0.26%), Rocket Lab Corp (0.26%).
Asset categories and pricing
as of 2026-06-3098.30% equity, 1.70% short-term investment as filed; 100.0% carried at a quoted market price (fair-value level 1). Categories and levels are the filer's; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-06-30A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $188.70B. Notional of an interest-rate or currency swap is not equity exposure.
| Swap counterparty | Notional | % of net assets |
|---|---|---|
| Bank of America NA | $53M | 0.03% |
| Goldman Sachs International | $3M | 0% |
Financing leg as filed: the fund pays OBFR01 + 0% on $56M of long swap notional . Issuers fill the spread field differently (some file the all-in rate), so compare within an issuer, not across.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, equity funds
10Every measured equity fund lined up by how many holdings it behaves like; these sit either side of VB (689.3). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| DLS WisdomTree International SmallCap Dividend Fund | 1,021 | 582.8 | 5.72% | 2026-06-30 |
| BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 853 | 601.1 | 4.59% | 2026-07-31 |
| GSSC Goldman Sachs ActiveBeta(R) U.S. Small Cap Equity ETF | 1,320 | 610.4 | 6.56% | 2026-05-31 |
| DFIC Dimensional International Core Equity 2 ETF | 4,128 | 640.4 | 6.91% | 2026-07-31 |
| DFAX Dimensional World ex. U.S. Core Equity 2 ETF | 10,509 | 668.2 | 8.24% | 2026-07-31 |
| PRFZ Invesco RAFI US 1500 Small-Mid ETF | 1,500 | 718.3 | 3.81% | 2026-07-31 |
| RSSL Global X Russell 2000 ETF | 1,961 | 836.2 | 3.31% | 2026-07-31 |
| IWM iShares Russell 2000 ETF | 2,016 | 840.2 | 3.42% | 2026-06-30 |
| DFAS Dimensional U.S. Small Cap ETF | 2,055 | 896.9 | 2.54% | 2026-07-31 |
| WSML iShares MSCI World Small-Cap ETF | 3,520 | 929.3 | 4.51% | 2026-05-31 |
Essays that examine VB
1-
IJR vs IWM vs VB: Three Small-Cap Blend ETFs and Why Their Indexes Diverge
IJR, IWM, and VB are all called "small-cap blend," but they track three different indexes — S&P SmallCap 600, Russell 2000, and CRSP US Small Cap — and...
Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.