뱅가드 전문 펀드 - 뱅가드 부동산 ETF
US ˙ ARCA ˙ US9229085538

SecurityVNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF
InstitutionBrown Advisory Inc
Latest Disclosed Ownership115,790 shares
Latest Disclosed Value $ 10,270,570
Brown Advisory Inc reports 19.64% decrease in ownership of VNQ / Vanguard Specialized Funds - Vanguard Real Estate ETF

On May 15, 2026 - Brown Advisory Inc filed a 13F-HR form disclosing ownership of 115,790 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF (US:VNQ) valued at $10,270,573 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 144,095 shares of Vanguard Specialized Funds - Vanguard Real Estate ETF. This represents a change in shares of -19.64% during the quarter. The current value of the position is $11,127,419 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 115,790 -28,305 -19.64 10,271 -19.45 0.0075
2026-02-13 2025-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 144,095 -9,436 -6.15 12,751 -9.16 0.0178
2025-11-14 2025-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 153,531 109 0.07 14,036 2.72 0.0183
2025-08-13 2025-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 153,422 -2,660 -1.70 13,664 -3.31 0.0180
2025-04-30 2025-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 156,082 -4,353 -2.71 14,132 -1.12 0.0202
2025-02-14 2024-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 160,435 32,430 25.33 14,292 14.60 0.0181
2024-11-13 2024-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 128,005 -17,845 -12.24 12,470 2.08 0.0157
2024-08-14 2024-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 145,850 -4,885 -3.24 12,216 -6.28 0.0160
2024-04-24 2024-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 150,735 3,796 2.58 13,036 0.40 0.0174
2024-02-08 2023-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 146,939 -5,215 -3.43 12,984 12.79 0.0183
2023-10-25 2023-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 152,154 3,570 2.40 11,512 -7.28 0.0189
2023-07-31 2023-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 148,584 -45,462 -23.43 12,416 -22.95 0.0194
2023-05-08 2023-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 194,046 6,465 3.45 16,114 4.15 0.0273
2023-02-13 2022-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 187,581 -37,447 -16.64 15,472 -14.24 0.0287
2022-11-14 2022-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 225,028 -8,441 -3.62 18,040 -15.19 0.0351
2022-11-14 2022-06-30 13F/A-2 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 233,469 25,787 12.42 21,270 -5.50 0.0400
2022-09-13 2022-06-30 13F/A-1 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 288,197 33,523 26,257 0.0454
2022-08-02 2022-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 247,587 12,007 23,831 0.0158
2022-11-14 2022-03-31 13F/A-2 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 207,682 13,848 7.14 22,507 0.09 0.0335
2022-09-13 2022-03-31 13F/A-1 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 254,674 60,840 27,599 0.0387
2022-05-09 2022-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 235,580 41,746 25,920 0.0352
2022-01-27 2021-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 193,834 75,786 64.20 22,486 87.18 0.0279
2021-11-12 2021-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 118,048 34,891 41.96 12,013 41.93 0.0177
2021-07-29 2021-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 83,157 -112 -0.13 8,464 10.65 0.0128
2021-05-14 2021-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 83,269 14,127 20.43 7,649 30.24 0.0131
2021-02-12 2020-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 69,142 -11,246 -13.99 5,873 -7.47 0.0104
2020-11-16 2020-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 80,388 10,153 14.46 6,347 15.09 0.0131
2020-08-14 2020-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 70,235 -6,739 -8.75 5,515 2.57 0.0128
2020-05-15 2020-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 76,974 -44,398 -36.58 5,377 -52.25 0.0165
2020-02-14 2019-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 121,372 4,072 3.47 11,261 2.94 0.0286
2019-11-14 2019-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 117,300 21,261 22.14 10,939 30.33 0.0307
2019-08-12 2019-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 96,039 12,389 14.81 8,393 15.46 0.0240
2019-05-15 2019-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 83,650 22,950 37.81 7,269 60.61 0.0206
2019-02-13 2018-12-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 60,700 -2,645 -4.18 4,526 -11.43 0.0152
2018-11-13 2018-09-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 63,345 3,121 5.18 5,110 4.18 0.0145
2018-08-10 2018-06-30 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 60,224 -40,741 -40.35 4,905 -35.63 0.0151
2018-06-28 2018-03-31 13F/A-1 VANGUARD INDEX FDS REAL ESTATE ETF 922908553 100,965 -10,429 -9.36 7,620 -17.56 0.0246
2018-05-14 2018-03-31 13F VANGUARD INDEX FDS REAL ESTATE ETF 922908553 99,337 -12,057 7,497
2018-02-12 2017-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 111,394 -9,847 -8.12 9,243 -8.25 0.0293
2017-11-13 2017-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 121,241 -89,967 -42.60 10,074 -42.69 0.0334
2017-08-14 2017-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 211,208 -120,728 -36.37 17,579 -35.88 0.0537
2017-05-15 2017-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 331,936 -7,675 -2.26 27,414 -2.19 0.0935
2017-02-13 2016-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 339,611 96,108 39.47 28,028 32.70 0.1001
2016-11-14 2016-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 243,503 24,643 11.26 21,121 8.84 0.0726
2016-08-09 2016-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 218,860 40,216 22.51 19,406 29.62 0.0682
2016-05-13 2016-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 178,644 49,089 37.89 14,971 44.93 0.0517
2016-02-08 2015-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 129,555 71,434 122.91 10,330 135.31 0.0350
2015-11-13 2015-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 58,121 8,378 16.84 4,390 18.17 0.0157
2015-08-11 2015-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 49,743 -4,744 -8.71 3,715 -19.13 0.0121
2015-05-14 2015-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 54,487 -991 -1.79 4,594 2.23 0.0146
2015-02-13 2014-12-31 13F/A-1 VANGUARD INDEX FDS REIT ETF 922908553 55,478 5,540 11.09 4,494 25.25 0.0142
2015-02-09 2014-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 54,773 4,302
2014-11-10 2014-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 49,938 3,081 6.58 3,588 2.31 0.0115
2014-08-08 2014-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 46,857 -538 -1.14 3,507 4.78 0.0110
2014-05-13 2014-03-31 13F VANGUARD INDEX FDS REIT ETF 922908553 47,395 -852 -1.77 3,347 7.45 0.0107
2014-02-11 2013-12-31 13F VANGUARD INDEX FDS REIT ETF 922908553 48,247 5,718 13.44 3,115 10.74 0.0101
2013-11-08 2013-09-30 13F VANGUARD INDEX FDS REIT ETF 922908553 42,529 -281 -0.66 2,813 -4.38 0.0100
2013-08-13 2013-06-30 13F VANGUARD INDEX FDS REIT ETF 922908553 42,810 42,810 2,942 0.0118
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.