Vanguard Personalized Indexing Management, LLC
Vanguard Personalized Indexing Management, LLC is an SEC-registered investment adviser headquartered in Valley Forge, PA. It is a wholly owned, independently operated subsidiary of The Vanguard Group, Inc., specializing in direct indexing and personalized investment strategies for clients seeking tax optimization and customization beyond traditional pooled investment products. As of 2025, the firm manages billions in assets for a wide range of high-net-worth and other investors. It was formerly known as Just Invest, LLC before being acquired by Vanguard.
Investment Strategy
Vanguard Personalized Indexing Management, LLC provides direct, personalized indexing strategies primarily through separately managed accounts (SMAs), allowing clients to directly own individual stocks that broadly track a chosen index while enabling customization for factors like tax-loss harvesting and ESG preferences. Their approach leverages tax-efficient portfolio management, daily technology-driven account rebalancing, and tailoring to meet unique client objectives, seeking to generate after-tax alpha and portfolio results aligned with client needs. Their technology and investment philosophy offer scalable customization beyond what is typically available from mutual funds or ETFs for investors interested in greater tax optimization and personalization.
Top Holdings
Equity Positions (1,917)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
N NVDA | NVIDIA CORPORATION | 6.20% | $549.7M | 3,477,711 | $68.27 | $157.99 | +$231.3M |
M MSFT | MICROSOFT CORP | 6.15% | $544.7M | 1,094,697 | $355.97 | $497.41 | +$212.5M |
A AAPL | APPLE INC | 4.93% | $437.0M | 2,129,345 | $174.37 | $205.17 | +$12.5M |
A AMZN | AMAZON COM INC | 3.24% | $286.8M | 1,307,345 | $166.43 | $219.39 | +$76.0M |
M META | META PLATFORMS INC | 2.58% | $228.8M | 309,979 | $409.31 | $738.09 | +$76.9M |