VANGUARD STRATEGIC EQUITY FUND

VANGUARD HORIZON FUNDS · Series S000002593 · 1 share classes

Equity fund · 99% stocks

One fund, 1 share classes:VSEQX

$10.12B NAV

611 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q1

Vanguard Strategic Equity Fund (the Fund) seeks to provide long-term capital appreciation.

Strategy · summarised

The fund employs active management to select small- and mid-capitalization domestic equity securities based on the advisor's assessment of their return potential, investing at least 80% of assets in equities. Performance depends on the quality of those security selections.

Expenses

0.17%one share class

Share class	Expense ratio
VSEQXC000007112	0.17%

Portfolio turnover 62.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.92%

of net assets

Stocks	99.33%
Cash & short-term	0.60%
Derivatives	-0.00%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 97 new79 exited

Largest new: LITE, ES, PIPR, LUV, DGX, ILMN, VSNT, PTEN

Largest exited: INVH, HBAN, WBS, AES, CVNA, Piper Sandler Cos, PEN, TLN

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year

—

3-year

—

5-year

—

Volatility

—

Worst 3-yr fall

—

Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Ticker	Issuer	%NAV	Value	Shares
STT	State Street CorpSTT	0.88%	$88.75M	701.3K
EIX	Edison InternationalEIX	0.84%	$85.28M	1.2M
EME	EMCOR Group IncEME	0.83%	$84.09M	113.9K
CF	CF Industries Holdings IncCF	0.76%	$76.97M	592.8K
CMS	CMS Energy CorpCMS	0.73%	$73.80M	951.3K
CRUS	Cirrus Logic IncCRUS	0.69%	$69.60M	481.2K
ROKU	Roku IncROKU	0.67%	$67.82M	716.8K
RRC	Range Resources CorpRRC	0.67%	$67.37M	1.5M
BWXT	BWX Technologies IncBWXT	0.66%	$66.64M	325.9K
ALSN	Allison Transmission Holdings IncALSN	0.64%	$64.71M	552.8K

Showing 10 of 611Sign in to see more

Top 10 positions are 7.36% of net assets, top 25 16.24%, across 610 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.