VANGUARD INDUSTRIALS ETF

CUSIP: 92204a603 Class: ADR

Holders for Q4 2025 Position Changes for Q4 2025

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

Increased Positions (1)

NORTHSTAR ASSET MANAGEMENT LLC
Value ($000) $801 (+2.6%) Shares 2,685 (+1.9%)

Exited Positions (1)

SONATA CAPITAL GROUP INC
Value ($000) $2 Shares 6,120