Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. Vanguard PRIMECAP Fund (the Fund) seeks to provide long-term capital appreciation.
Strategy. The Fund employs an active management approach, investing in stocks considered to have above-average earnings growth potential that is not reflected in their current market prices. The Funds portfolio consists predominantly of large- and mid-capitalization stocks. The Fund may invest up to 25% of its assets in foreign securities, which may include depositary receipts. Foreign securities may be traded on U.S. or foreign markets. The Fund employs an active management approach, investing in stocks considered to have above-average earnings growth potential that is not reflected in their current market prices. The Funds portfolio consists predominantly of large- and mid-capitalization stocks. The Fund may invest up to 25% of its assets in foreign securities, which may include depositary receipts. Foreign securities may be traded on U.S. or foreign markets.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| LILLY ELI and CO | — | $5.01B | 6.92% |
| MICRON TECHNOLOGY INC | — | $4.30B | 5.94% |
| ALPHABET INC CL A | — | $2.74B | 3.79% |
| ASTRAZENECA PLC | — | $2.37B | 3.27% |
| KLA CORP | — | $2.19B | 3.02% |
| INTEL CORP | — | $2.06B | 2.85% |
| NVIDIA CORP | — | $1.96B | 2.71% |
| AMGEN INC | — | $1.94B | 2.68% |
| FEDEX CORP | — | $1.91B | 2.64% |
| AMAZON.COM INC | — | $1.73B | 2.40% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| CAPITAL GROWTH PORTFOLIO | 95% | 0.34% |
| VANGUARD PRIMECAP CORE FUND · VPCCX | 73% | 0.37% |
| VANGUARD CAPITAL OPPORTUNITY FUND · VHCOX, VHCAX | 66% | 0.32% |
Advisers
| Firm | Role |
|---|---|
| PRIMECAP Management Company | Adviser |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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