VANGUARD TAX-MANAGED FDS

Ticker: VEA CUSIP: 921943858 Class: Exchange Traded Fund

Nearwater Capital Markets, Ltd's Holding History (CIK: 0001915842)

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

Q4 2025

Shares 4,714,850 Value ($000) $294,537 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,714,850	$294,537	—	—