VANGUARD MID-CAP GROWTH FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, VANGUARD MID-CAP GROWTH FUND held 49 positions with $2.83B in net assets. Its ten largest holdings made up 30.2% of the fund. The VMGRX share class costs 0.34% a year. Over the 12 months to May 2026, VMGRX returned 12.4%, with dividends reinvested. In 2026 Q3 it added 11 new positions and exited 9.
Vanguard Mid-Cap Growth Fund (the Fund) seeks to provide long-term capital appreciation.
The fund actively selects mid-size companies—those within the market-cap range of the Russell Mid Cap Growth Index—that the advisor believes offer the best prospects for future growth. Because returns depend on the advisor's security selection, the fund's performance may diverge materially from that of mid-cap growth stocks generally.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 3.58% | $101.30M | — | — |
AIXTRON SE | 3.46% | $97.84M | 1.8M | $55.25 |
3.44% | $97.18M | 343.0K | $283.36 | |
3.13% | $88.61M | 561.0K | $157.94 | |
SPOTSpotify Technology SA | 2.87% | $81.06M | 181.5K | $446.55 |
2.82% | $79.85M | 328.6K | $243.04 | |
DASHDoorDash Inc | 2.81% | $79.61M | 472.0K | $168.65 |
SMTCSemtech Corp | 2.77% | $78.24M | 744.8K | $105.05 |
2.68% | $75.70M | 1.2M | $64.28 | |
ROKURoku Inc | 2.66% | $75.32M | 646.2K | $116.56 |
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 49 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 | 98.90% |
| Cash & short-term | 3.58% |
By sector
- Information Technology
- 29.4%
- Industrials
- 15.0%
- Consumer Discretionary
- 12.1%
- Health Care
- 9.9%
- 7 other sectors
- 33.7%
- Information Technology
- 29.4%
- Industrials
- 15.0%
- Consumer Discretionary
- 12.1%
- Health Care
- 9.9%
- Communication Services
- 8.6%
- Other
- 6.7%
- Financials
- 6.4%
- Energy
- 3.5%
- Cash
- 3.2%
- Utilities
- 2.9%
- International
- 2.5%
How it has done
VMGRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.89%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
VANGUARD MID-CAP GROWTH FUND is an actively managed U.S. equity fund. 52% of VMGRX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 89% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.34%· VMGRX 0.34%
- Portfolio turnover
- 128.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
11 new· the largest 8
9 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 — VMGRX, QQQ and the fund in my 401(k)?”
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