VANGUARD WORLD FDS

CUSIP: 92204a702 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (1)

BERKSHIRE ASSET MANAGEMENT LLC/PA

Value ($000) $241 Shares 320

Institution	Shares	Value ($000)
BERKSHIRE ASSET MANAGEMENT LLC/PA	320	$241

Increased Positions (2)

NORTH STAR ASSET MANAGEMENT INC

Value ($000) $4,010 (+41.2%) Shares 5,320 (+39.9%)

EVERETT HARRIS & CO /CA/

Value ($000) $693 (+83.4%) Shares 919 (+81.6%)

Institution	Prev Shares	Curr Shares	Change
NORTH STAR ASSET MANAGEMENT INC	3,803	5,320	+1,517 (+39.9%)
EVERETT HARRIS & CO /CA/	506	919	+413 (+81.6%)

Decreased Positions (4)

Value ($000) $436 (-54.4%) Shares 578 (-54.8%)

CORBYN INVESTMENT MANAGEMENT INC/MD

Value ($000) $303 (-25.8%) Shares 402 (-26.5%)

COZAD ASSET MANAGEMENT INC

Value ($000) $3,799 (-0.5%) Shares 5,041 (-1.4%)

Douglass Winthrop Advisors, LLC

Value ($000) $2,408 (-6.4%) Shares 3,195 (-7.3%)

Institution	Prev Shares	Curr Shares	Change
SVB WEALTH LLC	1,280	578	-702 (-54.8%)
CORBYN INVESTMENT MANAGEMENT INC/MD	547	402	-145 (-26.5%)
COZAD ASSET MANAGEMENT INC	5,113	5,041	-72 (-1.4%)
Douglass Winthrop Advisors, LLC	3,445	3,195	-250 (-7.3%)

Exited Positions (1)

SONATA CAPITAL GROUP INC

Value ($000) $1 Shares 1,140

Institution	Prev Shares	Prev Value ($000)
SONATA CAPITAL GROUP INC	1,140	$1