VANGUARD CAPITAL OPPORTUNITY FUND
VANGUARD HORIZON FUNDS · Series S000002594 · 2 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2026 Q1
Vanguard Capital Opportunity Fund (the Fund) seeks to provide long-term capital appreciation.
The fund uses fundamental research to identify U.S. stocks expected to outperform the market over a three- to five-year horizon at attractive valuations, with an emphasis on mid-cap companies but flexibility across the capitalization spectrum and up to 25% in foreign securities. Because returns depend on the manager's security selection, the fund's performance may diverge materially from the broader market.
| Share class | Expense ratio |
|---|---|
| VHCOX | 0.40% |
| VHCAX | 0.32% |
Portfolio turnover 11.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 97.23% |
| Cash & short-term | 3.17% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| — | — | — | — | — |
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 |
|---|---|---|---|---|
| LLY | Eli Lilly & CoLLY | 6.54% | $1.61B | 1.8M |
| MU | Micron Technology IncMU | 5.62% | $1.38B | 4.1M |
| — | Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 3.17% | $779.44M | — |
| FLEX | Flex LtdFLEX | 2.83% | $696.07M | 10.6M |
| NVDA | NVIDIA CorpNVDA | 2.46% | $604.51M | 3.5M |
| AMGN | Amgen IncAMGN | 2.45% | $602.39M | 1.7M |
| KLAC | KLA CorpKLAC | 2.44% | $600.15M | 407.6K |
| GOOGL | Alphabet IncGOOGL | 2.16% | $530.97M | 1.8M |
| FDX | FedEx CorpFDX | 1.96% | $482.22M | 1.4M |
| MSFT | Microsoft CorpMSFT | 1.87% | $460.21M | 1.2M |
Top 10 positions are 31.48% of net assets, top 25 53.86%, across 189 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.
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