VANGUARD U.S. GROWTH FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, VANGUARD U.S. GROWTH FUND held 108 positions with $47.56B in net assets. Its ten largest holdings made up 56.1% of the fund. The VWUSX share class costs 0.35% a year. Over the 12 months to May 2026, VWUSX returned 19.1%, with dividends reinvested. In 2026 Q2 it added 12 new positions and exited 13.
Vanguard U.S. Growth Fund (the Fund) seeks to provide long-term capital appreciation.
The fund employs multiple independent investment advisors who each select large-capitalization U.S. stocks with above-average earnings growth potential and reasonable valuations relative to expected earnings. The fund is nondiversified, meaning it may concentrate a greater percentage of assets in particular issuers than a diversified fund would. Because the fund's returns depend on the stock selections made by its advisors, performance will diverge from any benchmark to the extent those selections differ.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 12.15% | $5.78B | 27.4M | $211.14 |
AMZNAmazon.com Inc | 7.62% | $3.63B | 13.4M | $270.64 |
AAPLApple Inc | 7.11% | $3.38B | 10.8M | $312.06 |
AVGOBroadcom Inc | 6.34% | $3.01B | 6.7M | $446.77 |
MSFTMicrosoft Corp | 5.97% | $2.84B | 6.3M | $450.24 |
GOOGAlphabet Inc | 5.33% | $2.53B | 6.7M | $376.43 |
3.41% | $1.62B | 1.5M | $1,105.00 | |
TSLATesla Inc | 2.91% | $1.39B | 3.2M | $435.79 |
2.84% | $1.35B | 2.1M | $632.51 | |
GOOGLAlphabet Inc | 2.41% | $1.15B | 3.0M | $380.34 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
All 108 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 | 98.59% |
| Cash & short-term | 1.51% |
| Derivatives | 0.01% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2026Q1, one or more quarters before the direct holdings (2026Q2).
By sector
- Information Technology
- 45.1%
- Consumer Discretionary
- 13.6%
- Communication Services
- 13.0%
- Health Care
- 9.0%
- 9 other sectors
- 19.3%
- Information Technology
- 45.1%
- Consumer Discretionary
- 13.6%
- Communication Services
- 13.0%
- Health Care
- 9.0%
- Financials
- 6.1%
- Industrials
- 6.0%
- Other
- 3.2%
- Cash
- 1.4%
- Consumer Staples
- 1.0%
- Real Estate
- 0.9%
- Utilities
- 0.4%
- Materials
- 0.3%
- International
- 0.0%
How it has done
VWUSX share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.59%. 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 |
|---|---|---|---|---|---|
| 0.35% | +19.07% | +87.98% | +52.61% | -14.97% | |
| 0.25% | +19.20% | +88.58% | +53.41% | -14.94% |
These classes hold the same portfolio, so the 0.80pp 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 U.S. GROWTH FUND is an actively managed U.S. equity fund. 42% of VWUSX’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
- Features
- Non-diversified
- Expense ratio, by class
- 0.25% – 0.35%· VWUSX 0.35%
- Portfolio turnover
- 29.00% a year · as of 2026 Q2
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.
12 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 — VWUSX, QQQ and the fund in my 401(k)?”
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