VANGUARD GROWTH AND INCOME FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, VANGUARD GROWTH AND INCOME FUND held 841 positions with $18.48B in net assets. Its ten largest holdings made up 38.2% of the fund. The VQNPX share class costs 0.39% a year. Over the 12 months to May 2026, VQNPX returned 29.5%, with dividends reinvested. In 2026 Q2 it added 237 new positions and exited 134.
Vanguard Growth and Income Fund (the Fund) seeks to provide a total return (capital appreciation plus dividend income) greater than the return of the S&P 500 Index.
The fund pursues active management within the S&P 500, holding a broadly diversified portfolio of large-cap stocks that resembles the index but is expected to outperform it; at least 65% of assets are S&P 500 constituents, with most holdings selected for dividend income alongside capital appreciation. Multiple independent advisors each construct and manage their own stock portfolios for the fund. Because performance depends on the security selections made by these advisors, results may diverge from the index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 7.01% | $1.30B | — | — |
NVDANVIDIA Corp | 6.03% | $1.12B | 5.6M | $200.09 |
AAPLApple Inc | 5.24% | $968.18M | 3.3M | $289.36 |
AMZNAmazon.com Inc | 3.94% | $728.19M | 3.1M | $238.34 |
AVGOBroadcom Inc | 3.28% | $606.77M | 1.6M | $377.75 |
MSFTMicrosoft Corp | 3.17% | $586.21M | 1.6M | $373.02 |
GOOGLAlphabet Inc | 3.08% | $568.38M | 1.6M | $357.37 |
2.59% | $479.04M | 415.0K | $1,154.29 | |
1.95% | $360.29M | 620.2K | $580.91 | |
GOOGAlphabet Inc | 1.90% | $351.28M | 994.2K | $353.33 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 841 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 | 92.82% |
| Cash & short-term | 7.02% |
| Derivatives | -0.13% |
Look-through blends 2 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
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.
By sector
- Information Technology
- 33.8%
- Financials
- 10.1%
- Consumer Discretionary
- 9.7%
- Health Care
- 8.7%
- 10 other sectors
- 37.7%
- Information Technology
- 33.8%
- Financials
- 10.1%
- Consumer Discretionary
- 9.7%
- Health Care
- 8.7%
- Communication Services
- 8.2%
- Industrials
- 7.9%
- Cash
- 7.0%
- Consumer Staples
- 3.8%
- Other
- 2.7%
- Energy
- 2.6%
- Utilities
- 2.0%
- Materials
- 1.8%
- Real Estate
- 1.6%
- International
- 0.0%
How it has done
VQNPX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.88%. Past returns are a record, not a forecast.
Jun 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.
The 2 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.39% | +29.51% | +91.09% | +93.77% | -8.28% | |
| 0.28% | +29.67% | +91.71% | +94.79% | -8.27% |
These classes hold the same portfolio, so the 1.01pp spread over 5 years is the cost difference between them — roughly 0.20pp a year — not a difference in what they own.
Fees & fund details
VANGUARD GROWTH AND INCOME FUND is an actively managed U.S. equity fund. 24% of VQNPX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.28% – 0.39%· VQNPX 0.39%
- Portfolio turnover
- 94.00% 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.
237 new· the largest 8
134 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 — VQNPX, QQQ and the fund in my 401(k)?”
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