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

SecurityVNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF
InstitutionFirst Manhattan Co
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
First Manhattan Co closes position in VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF

On February 17, 2026 - First Manhattan Co filed a 13F-HR form disclosing ownership of 0 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF (US:VNQ) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 4,602 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF. The current value of the position is $0 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)
2026-02-17 2025-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 0 -100.00 0
2025-11-14 2025-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 4,602 -567 -10.97 421 -8.70 0.0011
2025-08-14 2025-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 5,169 5,169 460 0.0013
2024-08-15 2024-06-30 13F/A-1 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 0 -3,176 -100.00 0 -100.00
2024-08-14 2024-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 0 0
2024-05-15 2024-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 3,176 1,723 118.58 275 114.06 0.0009
2024-02-13 2023-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 1,453 664 84.16 128 116.95 0.0004
2023-11-14 2023-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 789 789 60 0.0002
2023-02-14 2022-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 0 -325 -100.00 0 -100.00
2022-11-14 2022-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 325 -365 -52.90 26 -58.06 0.0001
2022-08-15 2022-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 690 -32 -4.43 62 -20.51 0.0002
2022-05-16 2022-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 722 81 12.64 78 5.41 0.0003
2022-02-14 2021-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 641 277 76.10 74 100.00 0.0002
2021-11-15 2021-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 364 0 0.00 37 0.00 0.0001
2021-08-16 2021-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 364 0 0.00 37 12.12 0.0001
2021-05-14 2021-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 364 204 127.50 33 153.85 0.0001
2021-02-16 2020-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 160 0 0.00 13 8.33 0.0001
2020-11-12 2020-09-30 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 160 46 40.35 12 50.00 0.0001
2020-08-14 2020-06-30 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 114 -1,591 -93.31 8 -93.28 0.0000
2020-05-06 2020-03-31 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 1,705 0 0.00 119 -24.68 0.0008
2020-02-13 2019-12-31 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 1,705 0 0.00 158 0.00 0.0008
2019-11-13 2019-09-30 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 1,705 91 5.64 158 12.06 0.0009
2019-08-16 2019-06-30 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 1,614 -186 -10.33 141 -9.62 0.0008
2019-04-12 2019-03-31 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 1,800 -200 -10.00 156 4.70 0.0009
2019-01-30 2018-12-31 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 2,000 -800 -28.57 149 -33.78 0.0009
2018-10-15 2018-09-30 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 2,800 0 0.00 225 -1.32 0.0012
2018-08-01 2018-06-30 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 2,800 -1,303 -31.76 228 -26.21 0.0013
2018-04-20 2018-03-31 13F VANGUARD SPECIALIZED REAL ESTATE ETF 922908553 4,103 0 0.00 309 -9.12 0.0018
2018-01-22 2017-12-31 13F VANGUARD INDEX TR REIT 922908553 4,103 -49 -1.18 340 -1.16 0.0019
2017-10-25 2017-09-30 13F VANGUARD INDEX TR REIT 922908553 4,152 0 0.00 344 -0.29 0.0020
2017-08-10 2017-06-30 13F/A-2 VANGUARD INDEX TR REIT 922908553 4,152 49 1.19 345 2.07 0.0020
2017-08-01 2017-06-30 13F/A-1 VANGUARD INDEX TR REIT 922908553 4,152 0 345 0.0020
2017-07-28 2017-06-30 13F VANGUARD INDEX TR REIT 922908553 4,152 49 345
2017-04-25 2017-03-31 13F/A-1 VANGUARD INDEX TR REIT 922908553 4,103 2,241 120.35 338 120.92 0.0020
2017-04-24 2017-03-31 13F VANGUARD INDEX TR REIT 922908553 1,862 161
2017-01-25 2016-12-31 13F VANGUARD INDEX TR REIT 922908553 1,862 0 0.00 153 -4.97 0.0009
2016-10-20 2016-09-30 13F VANGUARD INDEX TR REIT 922908553 1,862 -1,008 -35.12 161 -36.61 0.0010
2016-07-14 2016-06-30 13F VANGUARD INDEX TR REIT 922908553 2,870 62 2.21 254 8.09 0.0016
2016-04-22 2016-03-31 13F VANGUARD INDEX TR REIT 922908553 2,808 108 4.00 235 9.30 0.0014
2016-01-20 2015-12-31 13F VANGUARD INDEX TR REIT 922908553 2,700 0 0.00 215 5.91 0.0013
2015-10-26 2015-09-30 13F VANGUARD INDEX TR REIT 922908553 2,700 0 0.00 203 1.00 0.0013
2015-07-17 2015-06-30 13F VANGUARD INDEX TR REIT 922908553 2,700 -287 -9.61 201 -19.92 0.0012
2015-04-30 2015-03-31 13F VANGUARD INDEX TR REIT 922908553 2,987 -913 -23.41 251 -20.32 0.0014
2015-01-20 2014-12-31 13F VANGUARD INDEX TR REIT 922908553 3,900 100 2.63 315 15.38 0.0018
2014-10-23 2014-09-30 13F VANGUARD INDEX TR REIT 922908553 3,800 -800 -17.39 273 -20.64 0.0016
2014-08-14 2014-06-30 13F/A-1 VANGUARD INDEX TR REIT 922908553 4,600 800 21.05 344 28.36 0.0022
2014-05-16 2014-03-31 13F VANGUARD INDEX TR REIT 922908553 3,800 0 0.00 268 9.39 0.0018
2014-02-04 2013-12-31 13F VANGUARD INDEX TR REIT 922908553 3,800 0 0.00 245 -2.39 0.0016
2013-10-29 2013-09-30 13F VANGUARD INDEX TR REIT 922908553 3,800 0 0.00 251 -6.34 0.0018
2013-08-13 2013-06-30 13F VANGUARD INDEX TR REIT 922908553 3,800 3,800 268 0.0018
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.