CAPITAL GROWTH PORTFOLIO
VANGUARD VARIABLE INSURANCE FUNDS
Expense ratio
Net assets1
$2.30B
Holdings1
129
Category
US Equity
Return

Investment objective & strategy

As of April 29, 2025 · prospectus

Objective. The Portfolio seeks to provide long-term capital appreciation.

Strategy. Vanguard Variable Insurance Funds Capital Growth Portfolio (the Portfolio) invests in stocks considered to have above-average earnings growth potential that is not reflected in their current market prices. The Portfolio consists predominantly of large- and mid-capitalization stocks. Vanguard Variable Insurance Funds Capital Growth Portfolio (the Portfolio) invests in stocks considered to have above-average earnings growth potential that is not reflected in their current market prices. The Portfolio consists predominantly of large- and mid-capitalization stocks.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
LILLY ELI and CO $157.81M 6.85%
MICRON TECHNOLOGY INC $138.78M 6.02%
Vanguard Market Liquidity Fund $106.02M 4.60%
ALPHABET INC CL A $86.96M 3.77%
ASTRAZENECA PLC $73.65M 3.20%
KLA CORP $66.26M 2.88%
AMGEN INC $63.71M 2.76%
INTEL CORP $62.64M 2.72%
NVIDIA CORP $62.62M 2.72%
FEDEX CORP $60.44M 2.62%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
6
Exited
10
Increased
16
Decreased
13
Unchanged
94

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
VANGUARD PRIMECAP FUND · VPMCX, VPMAX 95% 0.27%
VANGUARD PRIMECAP CORE FUND · VPCCX 73% 0.37%
VANGUARD CAPITAL OPPORTUNITY FUND · VHCOX, VHCAX 66% 0.32%
View all similar funds →

Advisers

As of December 31, 2025 · N-CEN
FirmRole
PRIMECAP Management Company Adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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