VANGUARD TAX-MANAGED FDS

Ticker: VEA CUSIP: 921943858 Class: Exchange Traded Fund

Cliffwater LLC's Holding History (CIK: 0001659851)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025
Shares 770,181 Value ($000) $48,113 Avg Close — Range —
Q3 2025
Shares 770,181 Value ($000) $46,149 Avg Close — Range —
Q2 2025
Shares 771,122 Value ($000) $43,962 Avg Close — Range —
Q1 2025
Shares 773,638 Value ($000) $39,324 Avg Close — Range —
Q4 2024
Shares 774,022 Value ($000) $37,014 Avg Close — Range —
Q3 2024
Shares 775,030 Value ($000) $40,929 Avg Close — Range —
Q2 2024
Shares 782,575 Value ($000) $38,675 Avg Close — Range —
Q1 2024
Shares 787,054 Value ($000) $39,486 Avg Close — Range —
Q4 2023
Shares 786,251 Value ($000) $37,661 Avg Close — Range —
Q3 2023
Shares 765,749 Value ($000) $33,479 Avg Close — Range —
Q2 2023
Shares 765,749 Value ($000) $35,362 Avg Close — Range —
Q1 2023
Shares 765,855 Value ($000) $34,594 Avg Close — Range —
Q4 2022
Shares 779,944 Value ($000) $32,734 Avg Close — Range —
Q3 2022
Shares 781,278 Value ($000) $28,407 Avg Close — Range —
Q2 2022
Shares 801,173 Value ($000) $32,688 Avg Close — Range —
Q1 2022
Shares 1,545,497 Value ($000) $74,230 Avg Close — Range —
Q4 2021
Shares 1,567,467 Value ($000) $80,035 Avg Close — Range —
Q3 2021
Shares 1,595,538 Value ($000) $80,559 Avg Close — Range —
Q2 2021
Shares 1,618,088 Value ($000) $83,364 Avg Close — Range —
Q1 2021
Shares 1,839,620 Value ($000) $90,344 Avg Close — Range —
Q4 2020
Shares 1,861,154 Value ($000) $87,865 Avg Close — Range —
Q3 2020
Shares 1,857,768 Value ($000) $75,983 Avg Close — Range —
Q2 2020
Shares 1,866,529 Value ($000) $72,403 Avg Close — Range —
Q1 2020
Shares 1,868,421 Value ($000) $62,293 Avg Close — Range —
Q4 2019
Shares 1,540,976 Value ($000) $67,895 Avg Close — Range —
Q3 2019
Shares 1,314,251 Value ($000) $53,989 Avg Close — Range —
Q2 2019
Shares 1,136,204 Value ($000) $47,391 Avg Close — Range —
Q1 2019
Shares 1,116,485 Value ($000) $45,631 Avg Close — Range —
Q4 2018
Shares 744,011 Value ($000) $27,603 Avg Close — Range —
Q3 2018
Shares 721,316 Value ($000) $31,211 Avg Close — Range —
Q2 2018
Shares 738,646 Value ($000) $31,688 Avg Close — Range —
Q1 2018
Shares 719,926 Value ($000) $31,857 Avg Close — Range —
Q4 2017
Shares 398,269 Value ($000) $31,583 Avg Close — Range —