VANGUARD WINDSOR FUND
Actively managed U.S. stock fund
Vanguard Windsor Fund (the Fund) seeks to provide long-term capital appreciation and income.
The fund employs multiple independent advisors who actively select large- and mid-cap stocks they believe are undervalued relative to earnings and book value, often favoring those with above-average dividend yields. The fund may invest up to 30% of its assets in foreign securities. Because each advisor independently constructs its own portfolio, the fund's overall holdings and performance will reflect the divergent views and security selections of its multiple managers.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AMZNAmazon.com Inc | 2.40% | $580.87M | 2.2M | $265.06 |
GOOGLAlphabet Inc | 2.32% | $563.17M | 1.5M | $384.80 |
1.93% | $468.39M | 7.3M | $64.07 | |
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 1.83% | $443.03M | — | — |
1.61% | $390.88M | 2.1M | $190.59 | |
SLBSLB Ltd | 1.52% | $368.44M | 6.5M | $56.88 |
1.51% | $365.67M | 4.4M | $82.23 | |
1.50% | $364.96M | 1.1M | $327.00 | |
MSFTMicrosoft Corp | 1.49% | $360.17M | 883.2K | $407.78 |
1.47% | $357.39M | 3.3M | $109.18 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 141 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.47% |
| Cash & short-term | 2.54% |
| Derivatives | 0.03% |
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 20.4%
- Health Care
- 12.8%
- Information Technology
- 10.7%
- Industrials
- 10.0%
- 10 other sectors
- 46.1%
- Financials
- 20.4%
- Health Care
- 12.8%
- Information Technology
- 10.7%
- Industrials
- 10.0%
- Other
- 8.5%
- Consumer Discretionary
- 8.1%
- Consumer Staples
- 5.7%
- Energy
- 5.6%
- Communication Services
- 4.5%
- Materials
- 3.6%
- Real Estate
- 3.3%
- International
- 2.8%
- Utilities
- 2.4%
- Cash
- 1.8%
How it has done
VWNDX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.52%. Past returns are a record, not a forecast.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.29% | +23.34% | +43.41% | +58.46% | -10.05% | |
| 0.18% | +23.48% | +43.82% | +59.24% | -10.03% |
These classes hold the same portfolio, so the 0.78pp spread over 5 years is the cost difference between them — roughly 0.16pp a year — not a difference in what they own.
Fees & fund details
VANGUARD WINDSOR FUND is an actively managed U.S. equity fund. 12% of VWNDX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 87% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.18% – 0.29%· VWNDX 0.29%
- Portfolio turnover
- 45.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
17 new· the largest 8
13 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — VWNDX, QQQ and the fund in my 401(k)?”
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